Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Mar. 31, 2014 | 9-May-14 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'Harvard Illinois Bancorp, Inc. | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 839,585 |
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-Mar-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Consolidated_Balance_Sheets_Un
Consolidated Balance Sheets (Unaudited) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Cash and due from banks | $1,586 | $1,712 |
Interest-bearing demand deposits in banks | 1,807 | 1,260 |
Securities purchased under agreements to resell | 24,622 | 25,117 |
Cash and cash equivalents | 28,015 | 28,089 |
Interest-bearing deposits with other financial institutions | 5,650 | 6,240 |
Available-for-sale securities | 6,968 | 5,545 |
Held-to-maturity securities, at amortized cost (estimated fair value of $414 and $839 at March 31, 2014 and December 31, 2013, respectively) | 413 | 833 |
Loans, net of allowance for loan losses $2,431 and $2,475 at March 31, 2014 and December 31, 2013 | 114,331 | 116,858 |
Premises and equipment, net | 3,348 | 3,366 |
Federal Home Loan Bank stock, at cost | 870 | 870 |
Foreclosed assets held for sale | 3 | 331 |
Accrued interest receivable | 619 | 786 |
Deferred income taxes | 1,823 | 1,897 |
Bank-owned life insurance | 4,500 | 4,472 |
Loan servicing rights | 620 | 620 |
Other | 220 | 213 |
Total assets | 167,380 | 170,120 |
Deposits | ' | ' |
Demand | 6,434 | 6,463 |
Savings, NOW and money market | 54,873 | 51,794 |
Certificates of deposit | 72,638 | 75,493 |
Total deposits | 133,945 | 133,750 |
Federal Home Loan Bank advances | 8,946 | 12,206 |
Advances from borrowers for taxes and insurance | 544 | 358 |
Deferred compensation | 2,430 | 2,433 |
Accrued interest payable | 18 | 19 |
Other | 905 | 908 |
Total liabilities | 146,788 | 149,674 |
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; 839,585 and 833,851 shares issued and outstanding at March 31, 2014 and December 31, 2013 | 8 | 8 |
Additional paid-in capital | 7,336 | 7,253 |
Unearned ESOP shares, at cost; March 31, 2014 – 44,989 shares; December 31, 2013 – 46,035 shares | -450 | -460 |
Amount reclassified on ESOP shares | -302 | -268 |
Retained earnings | 13,973 | 13,897 |
Accumulated other comprehensive income, net of tax | 27 | 16 |
Total stockholders’ equity | 20,592 | 20,446 |
Total liabilities and stockholders’ equity | $167,380 | $170,120 |
Consolidated_Balance_Sheets_Un1
Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Held-to-maturity securities, estimated fair value (in Dollars) | $414 | $839 |
Allowance for loan losses (in Dollars) | $2,431 | $2,475 |
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 | 839,585 | 833,851 |
Common stock, shares outstanding | 839,585 | 833,851 |
Unearned ESOP shares | 44,989 | 46,035 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Interest and Dividend Income | ' | ' |
Interest and fees on loans | $1,574 | $1,545 |
Securities | ' | ' |
Taxable | 12 | 34 |
Tax-exempt | 13 | 9 |
Securities purchased under agreements to resell | 63 | 44 |
Other | 14 | 21 |
Total interest and dividend income | 1,676 | 1,653 |
Interest Expense | ' | ' |
Deposits | 297 | 321 |
Federal Home Loan Bank advances | 45 | 72 |
Total interest expense | 342 | 393 |
Net Interest Income | 1,334 | 1,260 |
Provision for Loan Losses | 25 | 144 |
Net Interest Income After Provision for Loan Losses | 1,309 | 1,116 |
Noninterest Income | ' | ' |
Customer service fees | 76 | 74 |
Brokerage commission income | ' | 1 |
Net realized gains on loan sales | 4 | 92 |
Loan servicing fees | 59 | 49 |
Bank-owned life insurance income, net | 26 | 28 |
Other | 1 | 2 |
Total noninterest income | 166 | 246 |
Noninterest Expense | ' | ' |
Compensation and benefits | 660 | 640 |
Occupancy | 139 | 127 |
Data processing | 83 | 80 |
Professional fees | 94 | 114 |
Marketing | 9 | 30 |
Office supplies | 14 | 10 |
Federal deposit insurance | 32 | 33 |
Indirect automobile loan servicing fee | 24 | 23 |
Foreclosed assets, net | -21 | 59 |
Other | 93 | 73 |
Total noninterest expense | 1,127 | 1,189 |
Income Before Income Taxes | 348 | 173 |
Provision for Income Taxes | 114 | 14 |
Net Income | $234 | $159 |
Earnings Per Share | ' | ' |
Basic (Note 4) (in Dollars per share) | $0.30 | $0.20 |
Diluted (in Dollars per share) | $0.29 | $0.20 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Net Income | $234 | $159 |
Other Comprehensive Income | ' | ' |
Unrealized appreciation (depreciation) on available-for-sale securities, net of taxes of $5 and $(3), for 2014 and 2013, respectively | 11 | -6 |
Comprehensive Income | $245 | $153 |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Unrealized appreciation (depreciation) on available-for-sale securities, tax | $5 | ($3) |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders' Equity (Unaudited) (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, 2012 | $8 | $6,976 | ($502) | ($163) | $13,291 | $7 | $19,617 |
Net income | ' | ' | ' | ' | 159 | ' | 159 |
Other comprehensive | ' | ' | ' | ' | ' | -6 | -6 |
ESOP shares earned | ' | 4 | 11 | ' | ' | ' | 15 |
Stock-based compensation expense | ' | 29 | ' | ' | ' | ' | 29 |
Reclassification due to change in fair value of common stock in ESOP subject to contingent repurchase obligation | ' | ' | ' | -24 | ' | ' | -24 |
Exercise of Stock Options | ' | 112 | ' | ' | ' | ' | 112 |
Dividends on Common Stock | ' | ' | ' | ' | -82 | ' | -82 |
Balance at Mar. 31, 2013 | 8 | 7,121 | -491 | -187 | 13,368 | 1 | 19,820 |
Balance at Dec. 31, 2013 | 8 | 7,253 | -460 | -268 | 13,897 | 16 | 20,446 |
Net income | ' | ' | ' | ' | 234 | ' | 234 |
Other comprehensive | ' | ' | ' | ' | ' | 11 | 11 |
ESOP shares earned | ' | 8 | 10 | ' | ' | ' | 18 |
Stock-based compensation expense | ' | 28 | ' | ' | ' | ' | 28 |
Reclassification due to change in fair value of common stock in ESOP subject to contingent repurchase obligation | ' | ' | ' | -34 | ' | ' | -34 |
Exercise of Stock Options | ' | 47 | ' | ' | ' | ' | 47 |
Dividends on Common Stock | ' | ' | ' | ' | -158 | ' | -158 |
Balance at Mar. 31, 2014 | $8 | $7,336 | ($450) | ($302) | $13,973 | $27 | $20,592 |
Consolidated_Statements_of_Sto1
Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
ESOP shares earned | 1,046 | 1,046 |
Exercise of Stock Options | 5,734 | 13,774 |
Dividends on Common Stock (in Dollars per share) | $0.20 | $0.10 |
Common Stock [Member] | ' | ' |
ESOP shares earned | 1,046 | 1,046 |
Exercise of Stock Options | 5,734 | 13,774 |
Dividends on Common Stock (in Dollars per share) | $0.20 | $0.10 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Operating Activities | ' | ' |
Net income | $234 | $159 |
Items not requiring (providing) cash | ' | ' |
Depreciation | 55 | 50 |
Provision for loan losses | 25 | 144 |
Amortization of premiums and discounts on securities | 10 | 1 |
Deferred income taxes | 69 | -68 |
Net realized gains on loan sales | -4 | -92 |
(Gains) losses and write down on foreclosed assets held for sale | -25 | 50 |
Bank-owned life insurance income, net | -26 | -28 |
Originations of loans held for sale | -3,204 | -4,907 |
Proceeds from sales of loans held for sale | 3,208 | 4,962 |
ESOP compensation expense | 18 | 15 |
Stock-based compensation expense | 28 | 29 |
Changes in | ' | ' |
Accrued interest receivable | 167 | 264 |
Other assets | 52 | 111 |
Accrued interest payable | -1 | 1 |
Deferred compensation | -3 | 22 |
Other liabilities | -37 | 81 |
Net cash provided by operating activities | 566 | 794 |
Investing Activities | ' | ' |
Net decrease in interest-bearing deposits | 590 | 500 |
Purchases of available-for-sale securities | -1,482 | -1 |
Purchase of held-to-maturity securities | -103 | ' |
Proceeds from maturities and pay-downs of available-for-sale securities | 64 | 250 |
Proceeds from maturities and pay-downs of held-to-maturity securities | 524 | 28 |
Net change in loans | 2,499 | -147 |
Purchase of premises and equipment | -37 | -3 |
Proceeds from redemption of Federal Home Loan Bank stock | ' | 552 |
Proceeds from sale of foreclosed assets | 295 | 97 |
Net cash provided by investing activities | 2,350 | 1,276 |
Financing Activities | ' | ' |
Net increase in demand deposits, money market, NOW and savings accounts | 3,050 | 1,946 |
Net increase (decrease) in certificates of deposit | -2,855 | 199 |
Net increase in advances from borrowers for taxes and insurance | 186 | 199 |
Proceeds from Federal Home Loan Bank advances | 6,900 | 6,500 |
Repayments of Federal Home Loan Bank advances | -10,160 | -8,122 |
Dividends paid | -158 | -82 |
Stock options exercised | 47 | 112 |
Net cash provided by (used in) financing activities | -2,990 | 752 |
Net Increase (Decrease) in Cash and Cash Equivalents | -74 | 2,822 |
Cash and Cash Equivalents, Beginning of Period | 28,089 | 22,859 |
Cash and Cash Equivalents, End of Period | 28,015 | 25,681 |
Supplemental Cash Flows Information | ' | ' |
Interest paid | 343 | 392 |
Income taxes paid | 70 | 70 |
Foreclosed assets acquired in settlement of loans | $3 | $102 |
Note_1_Basis_of_Financial_Stat
Note 1 - Basis of Financial Statement Presentation | 3 Months Ended |
Mar. 31, 2014 | |
Disclosure Text Block [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
Note 1: Basis of Financial Statement Presentation | |
The consolidated financial statements include the accounts of Harvard Illinois Bancorp, Inc. (Company) and its wholly-owned subsidiary, Harvard Savings Bank (Bank). All significant intercompany accounts and transactions have been eliminated in consolidation. | |
The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial reporting and with instructions for Form 10–Q and Rule 10–01 of Regulation S–X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The preparation of consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the balance sheet date and revenues and expenses for the period. Actual results could differ from these estimates. In the opinion of management, the preceding unaudited consolidated financial statements contain all adjustments (consisting only of normal recurring accruals) necessary for a fair presentation of the financial condition of the Company as of March 31, 2014 and December 31, 2013, and the results of its operations for the three month periods ended March 31, 2014 and 2013. These consolidated financial statements should be read in conjunction with the consolidated financial statements of the Company for the year ended December 31, 2013 included as part of Harvard Illinois Bancorp, Inc.’s Form 10-K (File No. 000-53935) (2013 Form 10-K) filed with the Securities and Exchange Commission on March 28, 2014. | |
The results of operations for the three month period ended March 31, 2014 are not necessarily indicative of the results that may be expected for the entire year. For further information, refer to the consolidated financial statements and footnotes thereto included in the 2013 Form 10–K. |
Note_2_New_Accounting_Pronounc
Note 2 - New Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2014 | |
Disclosure Text Block [Abstract] | ' |
Description of New Accounting Pronouncements Not yet Adopted [Text Block] | ' |
Note 2: New Accounting Pronouncements | |
Recent and Future Accounting Requirements | |
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_3_Stockbased_Compensation
Note 3 - Stock-based Compensation | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | ||||||||||||||||
Note 3: 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 is being 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 are being applied to repay interest on the loan first, then the remainder are being 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 being 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 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 March 31, 2014, 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 three months ended March 31, 2014 and 2013 was $18 and $15, respectively. | |||||||||||||||||
A summary of ESOP shares is as follows: | |||||||||||||||||
March 31, | December 31, | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
Allocated shares | 16,740 | 12,555 | |||||||||||||||
Shares released for allocation | 1,046 | 4,185 | |||||||||||||||
Unearned shares | 44,989 | 46,035 | |||||||||||||||
Total ESOP shares | 62,775 | 62,775 | |||||||||||||||
Fair value of unearned ESOP shares | $ | 731 | $ | 609 | |||||||||||||
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 March 31, 2014, the fair value of the 17,786 allocated shares held by the ESOP is $302. The fair value of all shares subject to the repurchase obligation is $302. | |||||||||||||||||
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 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. | |||||||||||||||||
A summary of the option activity under the Equity Incentive Plan as of March 31, 2014, and changes for the three months then ended, is presented below: | |||||||||||||||||
31-Mar-14 | |||||||||||||||||
Shares | Weighted- | Weighted- | Aggregate | ||||||||||||||
Average | Average | Intrinsic Value | |||||||||||||||
Exercise Price | Remaining Contractual | ||||||||||||||||
Term | |||||||||||||||||
Outstanding, January 1, 2014 | 60,694 | 8.32 | |||||||||||||||
Granted | — | — | |||||||||||||||
Exercised | (5,734 | ) | 8.22 | ||||||||||||||
Forfeited or expired | — | — | |||||||||||||||
Outstanding, March 31, 2014 | 54,960 | $ | 8.33 | 7.35 | $ | 476 | |||||||||||
Exercisable, March 31, 2014 | 6,937 | $ | 8.39 | 8.13 | $ | 60 | |||||||||||
Stock-based compensation expense for stock options for the three month periods ended March 31, 2014 and 2013 was $17 and $17, respectively. | |||||||||||||||||
As of March 31, 2014, total unrecognized compensation costs related to nonvested stock options amounted to $155. That cost is expected to be recognized over a weighted-average period of 2.28 years. | |||||||||||||||||
A summary of the status of the Company’s nonvested stock options as of March 31, 2014, and changes during the three month period then ended, is presented below: | |||||||||||||||||
Shares | Weighted- | ||||||||||||||||
Average | |||||||||||||||||
Grant-Date | |||||||||||||||||
Fair Value | |||||||||||||||||
Nonvested, January 1, 2014 | 48,023 | $ | 4.21 | ||||||||||||||
Granted | — | — | |||||||||||||||
Vested | — | — | |||||||||||||||
Forfeited | — | — | |||||||||||||||
Nonvested, March 31, 2014 | 48,023 | $ | 4.21 | ||||||||||||||
The following table summarizes the nonvested restricted stock activity for the three months ended March 31, 2014: | |||||||||||||||||
Shares | Weighted Average Grant-Date Fair Value | ||||||||||||||||
Balance, January 1, 2014 | 17,890 | $ | 8.1 | ||||||||||||||
Granted | — | — | |||||||||||||||
Forfeited | — | — | |||||||||||||||
Earned and issued | — | — | |||||||||||||||
Balance, March 31, 2014 | 17,890 | $ | 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. Stock-based compensation expense for restricted stock for the three month periods ended March 31, 2014 and 2013 was $12 and $12, respectively. Unrecognized compensation expense for nonvested restricted stock awards was $109 at March 31, 2014 and is expected to be recognized over a weighted average period of 2.23 years. | |||||||||||||||||
Total compensation expense for both plans for the three month periods ended March 31, 2014 and 2013 was $28 and $29, respectively. |
Note_4_Earnings_Per_Common_Sha
Note 4 - Earnings Per Common Share ("EPS") | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Earnings Per Share [Text Block] | ' | ||||||||
Note 4: Earnings Per Common Share (“EPS”) | |||||||||
Basic and diluted earnings per common share are presented for the three-month periods ended March 31, 2014 and 2013. The factors used in the earnings per common share computation follow: | |||||||||
Three Months | Three Months | ||||||||
Ended | Ended | ||||||||
31-Mar-14 | 31-Mar-13 | ||||||||
Net income | $ | 234 | $ | 159 | |||||
Net income allocated to participating securities | — | (4 | ) | ||||||
Net income allocated to common stock | $ | 234 | $ | 155 | |||||
Basic weighted average shares outstanding | 824,192 | 800,288 | |||||||
Less: Average unallocated ESOP shares | (45,335 | ) | (49,523 | ) | |||||
Basic average shares outstanding | 778,857 | 750,765 | |||||||
Diluted effect of stock options | 13,357 | 4,196 | |||||||
Diluted effect of restricted stock awards | 2,347 | 2,991 | |||||||
Diluted average shares outstanding | 794,561 | 757,952 | |||||||
Basic earnings per share | $ | 0.3 | $ | 0.2 | |||||
Diluted earnings per share | $ | 0.29 | $ | 0.2 | |||||
Note_5_Securities_Purchased_Un
Note 5 - Securities Purchased Under Agreements to Resell | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block] | ' | ||||||||
Note 5: Securities Purchased Under Agreements to Resell | |||||||||
The Company enters into purchases of securities under agreements to resell. The amounts advanced under these agreements were $24,622 and $25,117 at March 31, 2014 and December 31, 2013, respectively, and represent short-term cash investment alternatives. These agreements are over-collateralized by 3% with collateral consisting of securities and loans guaranteed by the “full faith and credit” of the United States government. During the period, the securities were 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 March 31, 2014 and December 31, 2013, these agreements mature by notice by the Company or 30 days by the custodian. | |||||||||
At March 31, 2014 and December 31, 2013, agreements to resell securities purchased were outstanding with the following entities: | |||||||||
March 31, | December 31, | ||||||||
2014 | 2013 | ||||||||
ESI Investors III, LLC | $ | 1,500 | $ | 1,500 | |||||
BCM High Income Fund, LP | 5,545 | 6,040 | |||||||
HEC Opportunity Fund LLC | 500 | 500 | |||||||
Coastal Securities | 2,266 | 2,266 | |||||||
First Farmers Financial, LLC | 14,811 | 14,811 | |||||||
Total | $ | 24,622 | $ | 25,117 | |||||
Note_6_Securities
Note 6 - Securities | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||
Investment Holdings [Abstract] | ' | ||||||||||||||||||||||||
Investment Holdings [Text Block] | ' | ||||||||||||||||||||||||
Note 6: Securities | |||||||||||||||||||||||||
The amortized cost and approximate fair value of securities, 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: | |||||||||||||||||||||||||
March 31, 2014: | |||||||||||||||||||||||||
U.S. government agencies | $ | 991 | $ | — | $ | (3 | ) | $ | 988 | ||||||||||||||||
State and political subdivisions | 4,430 | 10 | (31 | ) | 4,409 | ||||||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||
Government-sponsored enterprises (GSE) – residential | 550 | 10 | — | 560 | |||||||||||||||||||||
Equity securities | 457 | 56 | — | 513 | |||||||||||||||||||||
Corporate debt securities | 499 | — | (1 | ) | 498 | ||||||||||||||||||||
$ | 6,927 | $ | 76 | $ | (35 | ) | $ | 6,968 | |||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
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 | ||||||||||||||||||||||||
Held-to-maturity Securities: | |||||||||||||||||||||||||
March 31, 2014: | |||||||||||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||
Government-sponsored enterprises (GSE) – residential | $ | 12 | $ | 1 | $ | — | $ | 13 | |||||||||||||||||
Private-label residential | 298 | 1 | — | 299 | |||||||||||||||||||||
State and political subdivisions | 103 | — | (1 | ) | 102 | ||||||||||||||||||||
$ | 413 | $ | 2 | $ | (1 | ) | $ | 414 | |||||||||||||||||
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 | ||||||||||||||||||
The Company held no securities at March 31, 2014 or 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 shares in other financial institutions. | |||||||||||||||||||||||||
As of March 31, 2014 and December 31, 2013, the Company held investments in Shay Asset Management mutual funds with a fair value of $458 and $457, 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 March 31, 2014 and December 31, 2013. | |||||||||||||||||||||||||
As of March 31, 2014 and December 31, 2013, the Company held investments in FHLMC common stock with a fair value of $29 and $22, respectively. The investment in FHLMC common stock is valued using available market prices. Management performed an analysis and deemed the remaining investment in FHLMC common stock was not other than temporarily impaired as of March 31, 2014 and December 31, 2013. | |||||||||||||||||||||||||
As of March 31, 2014 and December 31, 2013, the Company held investments in other equity securities with a fair value of $26 and $29. Management performed an analysis and deemed the remaining investment in other equity securities was not other than temporarily impaired as of March 31, 2014 and December 31, 2013. | |||||||||||||||||||||||||
The carrying value of securities pledged as collateral, to secure public deposits and for other purposes was $621 and $1,120 as of March 31, 2014 and December 31, 2013, respectively. | |||||||||||||||||||||||||
There were no sales of available-for-sale securities for the three months ended March 31, 2014 and 2013. | |||||||||||||||||||||||||
The amortized cost and fair value of available-for-sale securities and held-to-maturity securities at March 31, 2014, 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 | $ | 1,075 | $ | 1,077 | $ | — | $ | — | |||||||||||||||||
One to five years | 3,251 | 3,242 | — | — | |||||||||||||||||||||
Five to ten years | 1,594 | 1,576 | 103 | 102 | |||||||||||||||||||||
After ten years | — | — | — | — | |||||||||||||||||||||
5,920 | 5,895 | 103 | 102 | ||||||||||||||||||||||
Mortgage-backed securities | 550 | 560 | 310 | 312 | |||||||||||||||||||||
Equity securities | 457 | 513 | — | — | |||||||||||||||||||||
Totals | $ | 6,927 | $ | 6,968 | $ | 413 | $ | 414 | |||||||||||||||||
Certain investments in debt and marketable equity securities are reported in the financial statements at amounts less than their historical cost. Total fair value of these investments at March 31, 2014 and December 31, 2013 was $3,200 and $2,292, respectively, which is approximately 43% and 36% 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 securities’ gross unrealized losses and fair value of the Company’s securities 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 March 31, 2014 and December 31, 2013: | |||||||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||||||
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 | $ | — | $ | — | $ | 488 | $ | (3 | ) | $ | 488 | $ | (3 | ) | |||||||||||
State and political subdivisions | 1,151 | (13 | ) | 961 | (18 | ) | 2,112 | (31 | ) | ||||||||||||||||
Corporate debt securities | 498 | (1 | ) | — | — | 498 | (1 | ) | |||||||||||||||||
Total temporarily impaired securities | 1,649 | (14 | ) | 1,449 | (21 | ) | 3,098 | (35 | ) | ||||||||||||||||
Held-to-maturity: | |||||||||||||||||||||||||
State and political subdivisions | 102 | (1 | ) | — | — | 102 | (1 | ) | |||||||||||||||||
Total | $ | 1,751 | $ | (15 | ) | $ | 1,449 | $ | (21 | ) | $ | 3,200 | $ | (36 | ) | ||||||||||
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 | ) | ||||||||||
Note_7_Loans
Note 7 - Loans | 3 Months Ended | ||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||
Note 7: Loans | |||||||||||||||||||||||||||||
Classes of loans include: | |||||||||||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Mortgage loans on real estate | |||||||||||||||||||||||||||||
One-to-four family | $ | 39,703 | $ | 39,489 | |||||||||||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 7,201 | 7,749 | |||||||||||||||||||||||||||
Multi-family residential | 116 | 117 | |||||||||||||||||||||||||||
Commercial | 19,129 | 19,244 | |||||||||||||||||||||||||||
Farmland | 12,189 | 13,900 | |||||||||||||||||||||||||||
Construction and land development | 553 | 354 | |||||||||||||||||||||||||||
Total mortgage loans on real estate | 78,891 | 80,853 | |||||||||||||||||||||||||||
Commercial and industrial | 6,577 | 6,424 | |||||||||||||||||||||||||||
Agricultural | 23,877 | 24,343 | |||||||||||||||||||||||||||
Purchased indirect automobile, net of dealer reserve | 7,313 | 7,616 | |||||||||||||||||||||||||||
Other consumer | 100 | 115 | |||||||||||||||||||||||||||
116,758 | 119,351 | ||||||||||||||||||||||||||||
Less | |||||||||||||||||||||||||||||
Loans in process | 3 | 26 | |||||||||||||||||||||||||||
Net deferred loan fees and costs | (7 | ) | (8 | ) | |||||||||||||||||||||||||
Allowance for loan losses | 2,431 | 2,475 | |||||||||||||||||||||||||||
Net loans | $ | 114,331 | $ | 116,858 | |||||||||||||||||||||||||
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 retail loan committee consisting of four 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, 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 the last several 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 have been 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 our 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-rate loans secured by junior liens on the borrower’s primary residence. Home equity lines-of-credit 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 twelve 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 will be 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. We examine recent financial statements 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 commercial 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 review 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 activity in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method for the three months ended March 31, 2014 and 2013, and the year ended December 31, 2013: | |||||||||||||||||||||||||||||
Three Months Ended March 31, 2014 | |||||||||||||||||||||||||||||
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 period | $ | 644 | $ | 318 | $ | 6 | $ | 694 | $ | 208 | $ | — | |||||||||||||||||
Provision charged to expense | 52 | 15 | — | (24 | ) | (19 | ) | 23 | |||||||||||||||||||||
Losses charged off | (82 | ) | — | — | — | — | — | ||||||||||||||||||||||
Recoveries | 11 | — | — | — | — | — | |||||||||||||||||||||||
Balance, end of period | $ | 625 | $ | 333 | $ | 6 | $ | 670 | $ | 189 | $ | 23 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 43 | $ | 112 | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 582 | $ | 221 | $ | 6 | $ | 670 | $ | 189 | $ | 23 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 39,703 | $ | 7,201 | $ | 116 | $ | 19,129 | $ | 12,189 | $ | 553 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 1,972 | $ | 588 | $ | — | $ | — | $ | — | $ | 319 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 37,731 | $ | 6,613 | $ | 116 | $ | 19,129 | $ | 12,189 | $ | 234 | |||||||||||||||||
Three Months Ended March 31, 2014 (Continued) | |||||||||||||||||||||||||||||
Commercial and Industrial | Agricultural | Purchased | Other | Unallocated | Total | ||||||||||||||||||||||||
Indirect | Consumer | ||||||||||||||||||||||||||||
Automobile, Net | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Balance, beginning of period | $ | 110 | $ | 377 | $ | 117 | $ | 1 | $ | — | $ | 2,475 | |||||||||||||||||
Provision charged to expense | 2 | (16 | ) | (7 | ) | (1 | ) | — | 25 | ||||||||||||||||||||
Losses charged off | — | — | — | — | — | (82 | ) | ||||||||||||||||||||||
Recoveries | — | — | 1 | 1 | — | 13 | |||||||||||||||||||||||
Balance, end of period | $ | 112 | $ | 361 | $ | 111 | $ | 1 | $ | — | $ | 2,431 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 3 | $ | — | $ | — | $ | — | $ | — | $ | 158 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 109 | $ | 361 | $ | 111 | $ | 1 | $ | — | $ | 2,273 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 6,577 | $ | 23,877 | $ | 7,313 | $ | 100 | $ | — | $ | 116,758 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 3 | $ | — | $ | — | $ | — | $ | — | $ | 2,882 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 6,574 | $ | 23,877 | $ | 7,313 | $ | 100 | $ | — | $ | 113,876 | |||||||||||||||||
Three Months Ended March 31, 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 period | $ | 668 | $ | 333 | $ | 3 | $ | 530 | $ | 176 | $ | 275 | |||||||||||||||||
Provision charged to expense | 150 | (1 | ) | — | 124 | 5 | (153 | ) | |||||||||||||||||||||
Losses charged off | (79 | ) | — | — | — | — | (60 | ) | |||||||||||||||||||||
Recoveries | — | — | — | — | — | — | |||||||||||||||||||||||
Balance, end of period | $ | 739 | $ | 332 | $ | 3 | $ | 654 | $ | 181 | $ | 62 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 114 | $ | 58 | $ | — | $ | 250 | $ | — | $ | 15 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 625 | $ | 274 | $ | 3 | $ | 404 | $ | 181 | $ | 47 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 41,263 | $ | 9,077 | $ | 54 | $ | 18,324 | $ | 12,074 | $ | 1,257 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 2,652 | $ | 165 | $ | — | $ | 2,077 | $ | — | $ | 790 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 38,611 | $ | 8,912 | $ | 54 | $ | 16,247 | $ | 12,074 | $ | 467 | |||||||||||||||||
Three Months Ended March 31, 2013 (Continued) | |||||||||||||||||||||||||||||
Commercial and Industrial | Agricultural | Purchased | Other | Unallocated | Total | ||||||||||||||||||||||||
Indirect | Consumer | ||||||||||||||||||||||||||||
Automobile, Net | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Balance, beginning of period | $ | 151 | $ | 301 | $ | 112 | $ | 1 | $ | — | $ | 2,550 | |||||||||||||||||
Provision charged to expense | (23 | ) | 36 | 7 | (1 | ) | — | 144 | |||||||||||||||||||||
Losses charged off | — | — | (8 | ) | — | — | (147 | ) | |||||||||||||||||||||
Recoveries | — | — | 2 | 1 | — | 3 | |||||||||||||||||||||||
Balance, end of period | $ | 128 | $ | 337 | $ | 113 | $ | 1 | $ | — | $ | 2,550 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 5 | $ | — | $ | 5 | $ | — | $ | — | $ | 447 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 123 | $ | 337 | $ | 108 | $ | 1 | $ | — | $ | 2,103 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 5,551 | $ | 22,498 | $ | 7,202 | $ | 110 | $ | — | $ | 117,410 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 5 | $ | — | $ | 19 | $ | — | $ | — | $ | 5,708 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 5,546 | $ | 22,498 | $ | 7,183 | $ | 110 | $ | — | $ | 111,702 | |||||||||||||||||
Year Ended December 31, 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 | $ | — | |||||||||||||||||
Year Ended December 31, 2013 (Continued) | |||||||||||||||||||||||||||||
Commercial and Industrial | Agricultural | Purchased | Other | Unallocated | Total | ||||||||||||||||||||||||
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 | |||||||||||||||||
Management’s opinion as to the ultimate collectability of loans is subject to estimates regarding future cash flows from operations and the value of property, real and personal, pledged as collateral. These estimates are affected by changing economic conditions and the economic prospects of borrowers. | |||||||||||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||||||
Our allowance for loan losses is the estimated amount considered necessary to reflect probable incurred credit losses in the loan portfolio at the balance sheet date. The allowance is established through the provision for loan losses, which is charged against income. In determining the allowance for loan losses, management makes significant estimates and has identified this policy as one of the most critical for the Company. The methodology for determining the allowance for loan losses is considered a critical accounting policy by management due to the high degree of judgment involved, the subjectivity of the assumptions utilized, and the potential for changes in the economic environment that could result in changes to the amount of the recorded allowance for loan losses. | |||||||||||||||||||||||||||||
Since a substantial amount of our loan portfolio is collateralized by real estate, appraisals of the underlying value of property securing loans and discounted cash flow valuations of properties are critical in determining the amount of the allowance required for specific loans. Assumptions for appraisals and discounted cash flow valuations are instrumental in determining the value of properties. Overly optimistic assumptions or negative changes to assumptions could significantly impact the valuation of a property securing a loan and the related allowance determined. The assumptions supporting such appraisals and discounted cash flow valuations are carefully reviewed by management to determine that the resulting values reasonably reflect amounts realizable on the related loans. | |||||||||||||||||||||||||||||
Management performs a quarterly evaluation of the allowance for loan losses. Consideration is given to a variety of factors in establishing this estimate including, but not limited to, current economic conditions, delinquency statistics, geographic and industry concentrations, the value of the underlying collateral, the financial strength of the borrower, results of internal loan reviews and other relevant factors. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant revision based on changes in economic and real estate market conditions. | |||||||||||||||||||||||||||||
The analysis of the allowance for loan losses has two components: specific and general allocations. Specific allocations are made for loans that are determined to be impaired. Impairment loss is measured by determining the present value of expected future cash flows or, for collateral-dependent loans, the fair value of the collateral adjusted for market conditions and selling expenses. The general allocation is determined by segregating classified loans from the remaining loans, and then categorizing each group by type of loan. Loans within each type exhibit common characteristics including terms, collateral type, and other risk characteristics. The Company also analyzes historical loss experience, delinquency trends, general economic conditions and geographic and industry concentrations. This analysis establishes factors that are applied to the loan groups to determine the amount of the general allocations. | |||||||||||||||||||||||||||||
Although the Company’s policy allows for a general valuation allowance on certain smaller-balance, homogenous pools of loans classified as substandard, the Company has historically evaluated every loan classified as substandard, regardless of size for impairment as part of the review for establishing specific allowances. The Company’s policy also allows for general valuation allowance on certain smaller-balance homogenous pools of loans which are loans criticized as special mention or watch. A separate general allowance calculation is made on these loans based on historical measured weakness, and which is no less than twice the amount of the general allowance calculated on the non-classified loans. | |||||||||||||||||||||||||||||
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 March 31, 2014 and December 31, 2013, respectively: | |||||||||||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||||||||||
Mortgage Loans on Real Estate | |||||||||||||||||||||||||||||
1-4 Family | HELOC and | Multi-Family Residential | Commercial | Farmland | Construction | ||||||||||||||||||||||||
2nd Mortgage | and Land Development | ||||||||||||||||||||||||||||
Pass | $ | 34,476 | $ | 6,414 | $ | 116 | $ | 14,632 | $ | 12,080 | $ | 234 | |||||||||||||||||
Watch | 1,626 | 199 | — | 1,457 | 109 | — | |||||||||||||||||||||||
Special Mention | 1,629 | — | — | 3,040 | — | — | |||||||||||||||||||||||
Substandard | 1,972 | 588 | — | — | — | 319 | |||||||||||||||||||||||
Total | $ | 39,703 | $ | 7,201 | $ | 116 | $ | 19,129 | $ | 12,189 | $ | 553 | |||||||||||||||||
March 31, 2014 (Continued) | |||||||||||||||||||||||||||||
Commercial and Industrial | Agricultural | Purchased Indirect Automobile, Net | Other Consumer | Total | |||||||||||||||||||||||||
Pass | $ | 6,273 | $ | 23,720 | $ | 7,313 | $ | 100 | $ | 105,358 | |||||||||||||||||||
Watch | 301 | 157 | — | — | 3,849 | ||||||||||||||||||||||||
Special Mention | — | — | — | — | 4,669 | ||||||||||||||||||||||||
Substandard | 3 | — | — | — | 2,882 | ||||||||||||||||||||||||
Total | $ | 6,577 | $ | 23,877 | $ | 7,313 | $ | 100 | $ | 116,758 | |||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
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 | |||||||||||||||||
December 31, 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 | |||||||||||||||||||
The accrual of interest on loans is generally 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 non-accrual or charged-off at the earlier date if collection of principal and interest is considered doubtful. | |||||||||||||||||||||||||||||
All interest accrued but not collected for loans that are placed on non-accrual 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 principal and interest amounts contractually due are brought current and future payments are reasonably assured. | |||||||||||||||||||||||||||||
The following tables present the Company’s loan portfolio aging analysis as of March 31, 2014 and December 31, 2013, respectively: | |||||||||||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater Than | Total Past | Current | Total Loans Receivable | Total Loans > | |||||||||||||||||||||||
Past Due | Past Due | 90 Days | Due | 90 Days & Accruing | |||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 1,420 | $ | 694 | $ | 1,426 | $ | 3,540 | $ | 36,163 | $ | 39,703 | $ | — | |||||||||||||||
Home equity lines of credit and other 2nd mortgages | 47 | — | — | 47 | 7,154 | 7,201 | — | ||||||||||||||||||||||
Multi-family | — | — | — | — | 116 | 116 | — | ||||||||||||||||||||||
Commercial | — | — | — | — | 19,129 | 19,129 | — | ||||||||||||||||||||||
Farmland | 123 | — | — | 123 | 12,066 | 12,189 | — | ||||||||||||||||||||||
Construction and land development | — | — | 319 | 319 | 234 | 553 | — | ||||||||||||||||||||||
Total real estate loans | 1,590 | 694 | 1,745 | 4,029 | 74,862 | 78,891 | — | ||||||||||||||||||||||
Commercial and industrial | 160 | 10 | 3 | 173 | 6,404 | 6,577 | — | ||||||||||||||||||||||
Agriculture | 227 | — | — | 227 | 23,650 | 23,877 | — | ||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | — | — | 7,313 | 7,313 | — | ||||||||||||||||||||||
Other | — | — | — | — | 100 | 100 | — | ||||||||||||||||||||||
Total consumer loans | — | — | — | — | 7,413 | 7,413 | — | ||||||||||||||||||||||
Total | $ | 1,977 | $ | 704 | $ | 1,748 | $ | 4,429 | $ | 112,329 | $ | 116,758 | $ | — | |||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater Than | Total Past | Current | Total Loans Receivable | Total Loans > | |||||||||||||||||||||||
Past Due | Past Due | 90 Days | Due | 90 Days & Accruing | |||||||||||||||||||||||||
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 | $ | — | |||||||||||||||
At March 31, 2014 and December 31, 2013, the Company held $23,877 and $24,343 in agricultural production loans and $12,189 and $13,900, respectively in farmland 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 farmland could significantly affect the repayment ability for many agricultural loan customers. | |||||||||||||||||||||||||||||
At March 31, 2014 and December 31, 2013, the Company held $19,129 and $19,244 in commercial real estate loans and $553 and $354 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 at March 31, 2014, March 31, 2013 and December 31, 2013, respectively: | |||||||||||||||||||||||||||||
Three Months Ended March 31, 2014 | |||||||||||||||||||||||||||||
Recorded | Unpaid | Specific | Average | Interest Income Recognized | Interest Income Recognized | ||||||||||||||||||||||||
Balance | Principal | Allowance | Investment in Impaired Loans | Cash Basis | |||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||
Loans without a specific allowance | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 1,408 | $ | 1,771 | $ | — | $ | 1,565 | $ | 13 | $ | 13 | |||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 9 | 93 | — | 27 | 5 | 5 | |||||||||||||||||||||||
Multi-family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial | — | — | — | — | — | — | |||||||||||||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||||||
Construction and land development | 319 | 466 | — | 336 | — | — | |||||||||||||||||||||||
Total real estate loans | 1,736 | 2,330 | — | 1,928 | 18 | 18 | |||||||||||||||||||||||
Commercial and industrial | — | — | — | — | — | — | |||||||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | — | — | — | — | |||||||||||||||||||||||
Other | — | 25 | — | — | 1 | 1 | |||||||||||||||||||||||
Total consumer loans | — | 25 | — | — | 1 | 1 | |||||||||||||||||||||||
Total loans | $ | 1,736 | $ | 2,355 | $ | — | $ | 1,928 | $ | 19 | $ | 19 | |||||||||||||||||
Loans with a specific allowance | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 564 | $ | 670 | $ | 43 | $ | 563 | $ | 2 | $ | 2 | |||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 579 | 588 | 112 | 327 | 1 | 1 | |||||||||||||||||||||||
Multi-family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial | — | — | — | — | — | — | |||||||||||||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | — | |||||||||||||||||||||||
Total real estate loans | 1,143 | 1,258 | 155 | 890 | 3 | 3 | |||||||||||||||||||||||
Commercial and industrial | 3 | 3 | 3 | 3 | — | — | |||||||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | — | 2 | — | — | |||||||||||||||||||||||
Other | — | — | — | — | — | — | |||||||||||||||||||||||
Total consumer loans | — | — | — | 2 | — | — | |||||||||||||||||||||||
Total loans | 1,146 | 1,261 | 3 | 895 | 3 | 3 | |||||||||||||||||||||||
Total | $ | 2,882 | $ | 3,616 | $ | 158 | $ | 2,823 | $ | 22 | $ | 22 | |||||||||||||||||
Three Months Ended March 31, 2013 | |||||||||||||||||||||||||||||
Recorded | Unpaid | Specific | Average | Interest Income Recognized | Interest Income Recognized | ||||||||||||||||||||||||
Balance | Principal | Allowance | Investment in Impaired Loans | Cash Basis | |||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||
Loans without a specific allowance | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 1,483 | $ | 1,761 | $ | — | $ | 1,627 | $ | 3 | $ | 3 | |||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 72 | 93 | — | 89 | — | — | |||||||||||||||||||||||
Multi-family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial | 687 | 704 | — | 344 | 1 | 1 | |||||||||||||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||||||
Construction and land development | 377 | 651 | — | 189 | 1 | 1 | |||||||||||||||||||||||
Total real estate loans | 2,619 | 3,209 | — | 2,249 | 5 | 5 | |||||||||||||||||||||||
Commercial and industrial | — | — | — | — | — | — | |||||||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | — | — | — | — | |||||||||||||||||||||||
Other | — | 21 | — | — | — | — | |||||||||||||||||||||||
Total consumer loans | — | 21 | — | — | — | — | |||||||||||||||||||||||
Total loans | $ | 2,619 | $ | 3,230 | $ | — | $ | 2,249 | $ | 5 | $ | 5 | |||||||||||||||||
Loans with a specific allowance | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 1,169 | $ | 1,301 | $ | 114 | $ | 942 | $ | 3 | $ | 3 | |||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 93 | 93 | 58 | 77 | — | — | |||||||||||||||||||||||
Multi-family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial | 1,390 | 1,390 | 250 | 1,436 | 3 | 3 | |||||||||||||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||||||
Construction and land development | 413 | 451 | 15 | 632 | 1 | 1 | |||||||||||||||||||||||
Total real estate loans | 3,065 | 3,235 | 437 | 3,087 | 7 | 7 | |||||||||||||||||||||||
Commercial and industrial | 5 | 5 | 5 | 6 | — | — | |||||||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | 19 | 19 | 5 | 22 | — | — | |||||||||||||||||||||||
Other | — | — | — | — | — | — | |||||||||||||||||||||||
Total consumer loans | 24 | 24 | 10 | 28 | — | — | |||||||||||||||||||||||
Total loans | 3,089 | 3,259 | 447 | 3,115 | 7 | 7 | |||||||||||||||||||||||
Total | $ | 5,708 | $ | 6,489 | $ | 447 | $ | 5,364 | $ | 12 | $ | 12 | |||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
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 | $ | 1,722 | $ | 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 | |||||||||||||||||
The following table presents the Company’s nonaccrual loans at March 31, 2014 and December 31, 2013. This table excludes performing troubled debt restructurings. | |||||||||||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Mortgages on real estate: | |||||||||||||||||||||||||||||
One-to-four family | $ | 1,972 | $ | 2,284 | |||||||||||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 588 | 120 | |||||||||||||||||||||||||||
Multi-family residential | — | — | |||||||||||||||||||||||||||
Commercial | — | — | |||||||||||||||||||||||||||
Construction and land development | 319 | 354 | |||||||||||||||||||||||||||
Commercial and industrial | 3 | 3 | |||||||||||||||||||||||||||
Other consumer | — | — | |||||||||||||||||||||||||||
Total | $ | 2,882 | $ | 2,761 | |||||||||||||||||||||||||
The following table presents the recorded balance of troubled debt restructurings as of March 31, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 2,208 | $ | 1,914 | |||||||||||||||||||||||||
Home equity lines of credit and other 2nd mortgages | — | — | |||||||||||||||||||||||||||
Multi-family | — | — | |||||||||||||||||||||||||||
Commercial | — | — | |||||||||||||||||||||||||||
Farmland | — | — | |||||||||||||||||||||||||||
Construction and land development | 319 | 354 | |||||||||||||||||||||||||||
Total real estate loans | 2,527 | 2,268 | |||||||||||||||||||||||||||
Commercial and industrial | — | — | |||||||||||||||||||||||||||
Agriculture | — | — | |||||||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | |||||||||||||||||||||||||||
Other | — | — | |||||||||||||||||||||||||||
Total consumer loans | — | — | |||||||||||||||||||||||||||
Total | $ | 2,527 | $ | 2,268 | |||||||||||||||||||||||||
The following table represents loans modified as troubled debt restructures during the three month periods ended March 31, 2014 and 2013: | |||||||||||||||||||||||||||||
Three Months Ended | Three Months Ended | ||||||||||||||||||||||||||||
31-Mar-14 | 31-Mar-13 | ||||||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||||||
Modifications | Investment | Modifications | Investment | ||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | 3 | $ | 377 | 1 | $ | 245 | |||||||||||||||||||||||
Home equity lines of credit and other 2nd mortgages | — | — | — | — | |||||||||||||||||||||||||
Multi-family | — | — | — | — | |||||||||||||||||||||||||
Commercial | — | — | — | — | |||||||||||||||||||||||||
Farmland | — | — | — | — | |||||||||||||||||||||||||
Construction and land development | — | — | — | — | |||||||||||||||||||||||||
Total real estate loans | 3 | 377 | — | — | |||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | |||||||||||||||||||||||||
Agriculture | — | — | — | — | |||||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | — | — | |||||||||||||||||||||||||
Other | — | — | — | — | |||||||||||||||||||||||||
Total consumer loans | — | — | — | — | |||||||||||||||||||||||||
Total | 3 | $ | 377 | 1 | $ | 245 | |||||||||||||||||||||||
During the three month period ended March 31, 2014, the Company modified three residential real estate loans, with a recorded investment of $377 prior to modification, which were deemed TDRs. Both modifications involved interest rate concessions, and resulted in impairment losses of $11,000 based upon the present value of expected future cash flows. | |||||||||||||||||||||||||||||
During the three month period ended March 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. | |||||||||||||||||||||||||||||
As of March 31, 2014 there were no loans in default that had been modified within the previous 12 months as a troubled debt restructuring. As of March 31, 2014, there were three TDRs secured by one-to-four family real estate totaling $602 in default, and one TDR secured by commercial land for development totaling $319 in default. |
Note_8_Accumulated_Other_Compr
Note 8 - Accumulated Other Comprehensive Income | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Comprehensive Income (Loss) Note [Text Block] | ' | ||||||||
Note 8: Accumulated Other Comprehensive Income | |||||||||
The components of accumulated other comprehensive income, included in stockholders’ equity at March 31, 2014 and December 31, 2013, are summarized as follows: | |||||||||
March 31, | December 31, | ||||||||
2014 | 2013 | ||||||||
Net unrealized gain on securities available-for-sale | $ | 41 | $ | 25 | |||||
Tax effect | (14 | ) | (9 | ) | |||||
Net-of-tax amount | $ | 27 | $ | 16 | |||||
Note_9_Income_Taxes
Note 9 - Income Taxes | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||
Note 9: Income Taxes | |||||||||
A reconciliation of the income tax expense at the statutory rate to the Company’s actual income tax expense for the three months ended March 31, 2014 and 2013 is shown below: | |||||||||
Three Months Ended | |||||||||
March 31, | |||||||||
2014 | 2013 | ||||||||
Computed at the statutory rate (34%) | $ | 118 | $ | 59 | |||||
Decrease resulting from | |||||||||
Tax exempt interest | (4 | ) | (3 | ) | |||||
Changes in deferred tax valuation allowance | — | (40 | ) | ||||||
Cash surrender value of life insurance | (9 | ) | (10 | ) | |||||
Other | 9 | 8 | |||||||
Actual expense | $ | 114 | $ | 14 | |||||
Tax expense as a percentage of pre-tax income | 32.8 | % | 8.1 | % | |||||
The decreases in the valuation allowance of $0 and $40 in 2014 and 2013 are due to the reversals of a portion of the previous valuation allowance related to capital losses incurred in prior periods. Management believes the Company has capital gains to enable a portion of the capital losses to be utilized prior to expiration. |
Note_10_Disclosures_About_Fair
Note 10 - Disclosures About Fair Value of Assets and Liabilities | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||||||
Note 10: 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 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 March 31, 2014 and December 31, 2013: | |||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Fair Value | Quoted | Significant | Significant Unobservable | ||||||||||||||
Prices in | Other | Inputs | |||||||||||||||
Active | Observable | (Level 3) | |||||||||||||||
Markets for | Inputs | ||||||||||||||||
Identical | (Level 2) | ||||||||||||||||
Assets | |||||||||||||||||
(Level 1) | |||||||||||||||||
March 31, 2014: | |||||||||||||||||
Available-for-sale securities: | |||||||||||||||||
US Government and federal agency | $ | 988 | $ | — | $ | 988 | $ | — | |||||||||
Mortgage-backed securities – GSE residential | 560 | — | 560 | — | |||||||||||||
State and political subdivisions | 4,409 | — | 4,409 | — | |||||||||||||
Equity securities | 513 | 26 | 487 | — | |||||||||||||
Corporate debt securities | 498 | — | 498 | — | |||||||||||||
Loan servicing rights | 620 | — | — | 620 | |||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Fair Value | Quoted | Significant | Significant Unobservable | ||||||||||||||
Prices in | Other | Inputs | |||||||||||||||
Active | Observable | (Level 3) | |||||||||||||||
Markets for | Inputs | ||||||||||||||||
Identical | (Level 2) | ||||||||||||||||
Assets | |||||||||||||||||
(Level 1) | |||||||||||||||||
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 | 29 | 479 | — | |||||||||||||
Loan servicing rights | 620 | — | — | 620 | |||||||||||||
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 period ended March 31, 2014. 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 pricing models, quoted prices of securities with similar characteristics or discounted cash flows, 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, 2014 | $ | 620 | |||||||||||||||
Total realized and unrealized gains and losses included in net income | — | ||||||||||||||||
Servicing rights that result from asset transfers | — | ||||||||||||||||
Loans refinanced | — | ||||||||||||||||
Balance, March 31, 2014 | $ | 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 | $ | — | |||||||||||||||
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 March 31, 2014 and December 31, 2013: | |||||||||||||||||
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) | |||||||||||||||
March 31, 2014: | |||||||||||||||||
Impaired loans (collateral dependent) | $ | 1,031 | $ | — | $ | — | $ | 1,031 | |||||||||
December 31, 2013: | |||||||||||||||||
Impaired loans (collateral dependent) | $ | 549 | $ | — | $ | — | $ | 549 | |||||||||
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 the Company. 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. | |||||||||||||||||
Unobservable (Level 3) Inputs | |||||||||||||||||
The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements (dollars in thousands). | |||||||||||||||||
Fair Value at | Valuation | Unobservable | Range (Weighted | ||||||||||||||
31-Mar-14 | Technique | Inputs | Average) | ||||||||||||||
Collateral-dependent impaired loans | $ | 1,031 | Market comparable properties | Marketability discount | 10% | - | 40% | -24% | |||||||||
Loan servicing rights | 620 | Discounted cash flow | Discount rate | 8% | - | 12.50% | -10% | ||||||||||
PSA standard prepayment model rate | 100 | - | 369 | -194 | |||||||||||||
Fair Value at | Valuation | Unobservable | Range (Weighted | ||||||||||||||
31-Dec-13 | Technique | Inputs | 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 of Financial Instruments | |||||||||||||||||
The following table presents estimated fair values of the Company’s financial instruments and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2014 and December 31, 2013. | |||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Carrying | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | ||||||||||||||
Amount | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
March 31, 2014: | |||||||||||||||||
Financial assets | |||||||||||||||||
Cash and cash equivalents | $ | 28,015 | $ | 28,015 | $ | — | $ | — | |||||||||
Interest-bearing deposits with other financial institutions | 5,650 | — | 5,650 | — | |||||||||||||
Held-to-maturity securities | 413 | — | 414 | — | |||||||||||||
Loans, net of allowance for loan losses | 114,331 | — | 117,438 | ||||||||||||||
Federal Home Loan Bank stock | 870 | — | 870 | — | |||||||||||||
Accrued interest receivable | 619 | — | 619 | — | |||||||||||||
Financial liabilities | |||||||||||||||||
Deposits | 133,945 | — | 130,853 | ||||||||||||||
Federal Home Loan Bank advances | 8,946 | — | 9,098 | — | |||||||||||||
Advances from borrowers for taxes and insurance | 544 | — | 544 | — | |||||||||||||
Accrued interest payable | 18 | — | 18 | — | |||||||||||||
Unrecognized financial instruments (net of contract amount) | |||||||||||||||||
Commitments to originate loans | — | — | — | — | |||||||||||||
Letters of credit | — | — | — | — | |||||||||||||
Lines of credit | — | — | — | — | |||||||||||||
Fair Value | |||||||||||||||||
Measurements | |||||||||||||||||
Using | |||||||||||||||||
Carrying | Quoted Prices in Active Markets | Significant | Significant Unobservable | ||||||||||||||
Amount | for Identical | Other | Inputs | ||||||||||||||
Assets | Observable | (Level 3) | |||||||||||||||
(Level 1) | Inputs | ||||||||||||||||
(Level 2) | |||||||||||||||||
December 31, 2013: | |||||||||||||||||
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 | — | — | — | — | |||||||||||||
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 Financial 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 of these types of deposits 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_11_Commitments
Note 11 - Commitments | 3 Months Ended |
Mar. 31, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies Disclosure [Text Block] | ' |
Note 11: Commitments | |
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. | |
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. | |
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. |
Note_3_Stockbased_Compensation1
Note 3 - Stock-based Compensation (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block] | ' | ||||||||||||||||
March 31, | December 31, | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
Allocated shares | 16,740 | 12,555 | |||||||||||||||
Shares released for allocation | 1,046 | 4,185 | |||||||||||||||
Unearned shares | 44,989 | 46,035 | |||||||||||||||
Total ESOP shares | 62,775 | 62,775 | |||||||||||||||
Fair value of unearned ESOP shares | $ | 731 | $ | 609 | |||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | ||||||||||||||||
31-Mar-14 | |||||||||||||||||
Shares | Weighted- | Weighted- | Aggregate | ||||||||||||||
Average | Average | Intrinsic Value | |||||||||||||||
Exercise Price | Remaining Contractual | ||||||||||||||||
Term | |||||||||||||||||
Outstanding, January 1, 2014 | 60,694 | 8.32 | |||||||||||||||
Granted | — | — | |||||||||||||||
Exercised | (5,734 | ) | 8.22 | ||||||||||||||
Forfeited or expired | — | — | |||||||||||||||
Outstanding, March 31, 2014 | 54,960 | $ | 8.33 | 7.35 | $ | 476 | |||||||||||
Exercisable, March 31, 2014 | 6,937 | $ | 8.39 | 8.13 | $ | 60 | |||||||||||
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | ' | ||||||||||||||||
Shares | Weighted- | ||||||||||||||||
Average | |||||||||||||||||
Grant-Date | |||||||||||||||||
Fair Value | |||||||||||||||||
Nonvested, January 1, 2014 | 48,023 | $ | 4.21 | ||||||||||||||
Granted | — | — | |||||||||||||||
Vested | — | — | |||||||||||||||
Forfeited | — | — | |||||||||||||||
Nonvested, March 31, 2014 | 48,023 | $ | 4.21 | ||||||||||||||
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block] | ' | ||||||||||||||||
Shares | Weighted Average Grant-Date Fair Value | ||||||||||||||||
Balance, January 1, 2014 | 17,890 | $ | 8.1 | ||||||||||||||
Granted | — | — | |||||||||||||||
Forfeited | — | — | |||||||||||||||
Earned and issued | — | — | |||||||||||||||
Balance, March 31, 2014 | 17,890 | $ | 8.1 |
Note_4_Earnings_Per_Common_Sha1
Note 4 - Earnings Per Common Share ("EPS") (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||
Three Months | Three Months | ||||||||
Ended | Ended | ||||||||
31-Mar-14 | 31-Mar-13 | ||||||||
Net income | $ | 234 | $ | 159 | |||||
Net income allocated to participating securities | — | (4 | ) | ||||||
Net income allocated to common stock | $ | 234 | $ | 155 | |||||
Basic weighted average shares outstanding | 824,192 | 800,288 | |||||||
Less: Average unallocated ESOP shares | (45,335 | ) | (49,523 | ) | |||||
Basic average shares outstanding | 778,857 | 750,765 | |||||||
Diluted effect of stock options | 13,357 | 4,196 | |||||||
Diluted effect of restricted stock awards | 2,347 | 2,991 | |||||||
Diluted average shares outstanding | 794,561 | 757,952 | |||||||
Basic earnings per share | $ | 0.3 | $ | 0.2 | |||||
Diluted earnings per share | $ | 0.29 | $ | 0.2 |
Note_5_Securities_Purchased_Un1
Note 5 - Securities Purchased Under Agreements to Resell (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Schedule of Resale Agreements [Table Text Block] | ' | ||||||||
March 31, | December 31, | ||||||||
2014 | 2013 | ||||||||
ESI Investors III, LLC | $ | 1,500 | $ | 1,500 | |||||
BCM High Income Fund, LP | 5,545 | 6,040 | |||||||
HEC Opportunity Fund LLC | 500 | 500 | |||||||
Coastal Securities | 2,266 | 2,266 | |||||||
First Farmers Financial, LLC | 14,811 | 14,811 | |||||||
Total | $ | 24,622 | $ | 25,117 |
Note_6_Securities_Tables
Note 6 - Securities (Tables) | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||
Investment Holdings [Abstract] | ' | ||||||||||||||||||||||||
Marketable Securities [Table Text Block] | ' | ||||||||||||||||||||||||
Amortized | Gross | Gross | Fair Value | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
Available-for-sale Securities: | |||||||||||||||||||||||||
March 31, 2014: | |||||||||||||||||||||||||
U.S. government agencies | $ | 991 | $ | — | $ | (3 | ) | $ | 988 | ||||||||||||||||
State and political subdivisions | 4,430 | 10 | (31 | ) | 4,409 | ||||||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||
Government-sponsored enterprises (GSE) – residential | 550 | 10 | — | 560 | |||||||||||||||||||||
Equity securities | 457 | 56 | — | 513 | |||||||||||||||||||||
Corporate debt securities | 499 | — | (1 | ) | 498 | ||||||||||||||||||||
$ | 6,927 | $ | 76 | $ | (35 | ) | $ | 6,968 | |||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
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 | ||||||||||||||||||||||||
Held-to-maturity Securities: | |||||||||||||||||||||||||
March 31, 2014: | |||||||||||||||||||||||||
Mortgage-backed: | |||||||||||||||||||||||||
Government-sponsored enterprises (GSE) – residential | $ | 12 | $ | 1 | $ | — | $ | 13 | |||||||||||||||||
Private-label residential | 298 | 1 | — | 299 | |||||||||||||||||||||
State and political subdivisions | 103 | — | (1 | ) | 102 | ||||||||||||||||||||
$ | 413 | $ | 2 | $ | (1 | ) | $ | 414 | |||||||||||||||||
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 | ||||||||||||||||||
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 | $ | 1,075 | $ | 1,077 | $ | — | $ | — | |||||||||||||||||
One to five years | 3,251 | 3,242 | — | — | |||||||||||||||||||||
Five to ten years | 1,594 | 1,576 | 103 | 102 | |||||||||||||||||||||
After ten years | — | — | — | — | |||||||||||||||||||||
5,920 | 5,895 | 103 | 102 | ||||||||||||||||||||||
Mortgage-backed securities | 550 | 560 | 310 | 312 | |||||||||||||||||||||
Equity securities | 457 | 513 | — | — | |||||||||||||||||||||
Totals | $ | 6,927 | $ | 6,968 | $ | 413 | $ | 414 | |||||||||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||||||
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 | $ | — | $ | — | $ | 488 | $ | (3 | ) | $ | 488 | $ | (3 | ) | |||||||||||
State and political subdivisions | 1,151 | (13 | ) | 961 | (18 | ) | 2,112 | (31 | ) | ||||||||||||||||
Corporate debt securities | 498 | (1 | ) | — | — | 498 | (1 | ) | |||||||||||||||||
Total temporarily impaired securities | 1,649 | (14 | ) | 1,449 | (21 | ) | 3,098 | (35 | ) | ||||||||||||||||
Held-to-maturity: | |||||||||||||||||||||||||
State and political subdivisions | 102 | (1 | ) | — | — | 102 | (1 | ) | |||||||||||||||||
Total | $ | 1,751 | $ | (15 | ) | $ | 1,449 | $ | (21 | ) | $ | 3,200 | $ | (36 | ) | ||||||||||
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 | ) |
Note_7_Loans_Tables
Note 7 - Loans (Tables) | 3 Months Ended | ||||||||||||||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||||||||||||||
Note 7 - Loans (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | ||||||||||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Mortgage loans on real estate | |||||||||||||||||||||||||||||
One-to-four family | $ | 39,703 | $ | 39,489 | |||||||||||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 7,201 | 7,749 | |||||||||||||||||||||||||||
Multi-family residential | 116 | 117 | |||||||||||||||||||||||||||
Commercial | 19,129 | 19,244 | |||||||||||||||||||||||||||
Farmland | 12,189 | 13,900 | |||||||||||||||||||||||||||
Construction and land development | 553 | 354 | |||||||||||||||||||||||||||
Total mortgage loans on real estate | 78,891 | 80,853 | |||||||||||||||||||||||||||
Commercial and industrial | 6,577 | 6,424 | |||||||||||||||||||||||||||
Agricultural | 23,877 | 24,343 | |||||||||||||||||||||||||||
Purchased indirect automobile, net of dealer reserve | 7,313 | 7,616 | |||||||||||||||||||||||||||
Other consumer | 100 | 115 | |||||||||||||||||||||||||||
116,758 | 119,351 | ||||||||||||||||||||||||||||
Less | |||||||||||||||||||||||||||||
Loans in process | 3 | 26 | |||||||||||||||||||||||||||
Net deferred loan fees and costs | (7 | ) | (8 | ) | |||||||||||||||||||||||||
Allowance for loan losses | 2,431 | 2,475 | |||||||||||||||||||||||||||
Net loans | $ | 114,331 | $ | 116,858 | |||||||||||||||||||||||||
Allowance for Credit Losses on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
Three Months Ended March 31, 2014 | |||||||||||||||||||||||||||||
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 period | $ | 644 | $ | 318 | $ | 6 | $ | 694 | $ | 208 | $ | — | |||||||||||||||||
Provision charged to expense | 52 | 15 | — | (24 | ) | (19 | ) | 23 | |||||||||||||||||||||
Losses charged off | (82 | ) | — | — | — | — | — | ||||||||||||||||||||||
Recoveries | 11 | — | — | — | — | — | |||||||||||||||||||||||
Balance, end of period | $ | 625 | $ | 333 | $ | 6 | $ | 670 | $ | 189 | $ | 23 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 43 | $ | 112 | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 582 | $ | 221 | $ | 6 | $ | 670 | $ | 189 | $ | 23 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 39,703 | $ | 7,201 | $ | 116 | $ | 19,129 | $ | 12,189 | $ | 553 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 1,972 | $ | 588 | $ | — | $ | — | $ | — | $ | 319 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 37,731 | $ | 6,613 | $ | 116 | $ | 19,129 | $ | 12,189 | $ | 234 | |||||||||||||||||
Three Months Ended March 31, 2014 (Continued) | |||||||||||||||||||||||||||||
Commercial and Industrial | Agricultural | Purchased | Other | Unallocated | Total | ||||||||||||||||||||||||
Indirect | Consumer | ||||||||||||||||||||||||||||
Automobile, Net | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Balance, beginning of period | $ | 110 | $ | 377 | $ | 117 | $ | 1 | $ | — | $ | 2,475 | |||||||||||||||||
Provision charged to expense | 2 | (16 | ) | (7 | ) | (1 | ) | — | 25 | ||||||||||||||||||||
Losses charged off | — | — | — | — | — | (82 | ) | ||||||||||||||||||||||
Recoveries | — | — | 1 | 1 | — | 13 | |||||||||||||||||||||||
Balance, end of period | $ | 112 | $ | 361 | $ | 111 | $ | 1 | $ | — | $ | 2,431 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 3 | $ | — | $ | — | $ | — | $ | — | $ | 158 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 109 | $ | 361 | $ | 111 | $ | 1 | $ | — | $ | 2,273 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 6,577 | $ | 23,877 | $ | 7,313 | $ | 100 | $ | — | $ | 116,758 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 3 | $ | — | $ | — | $ | — | $ | — | $ | 2,882 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 6,574 | $ | 23,877 | $ | 7,313 | $ | 100 | $ | — | $ | 113,876 | |||||||||||||||||
Three Months Ended March 31, 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 period | $ | 668 | $ | 333 | $ | 3 | $ | 530 | $ | 176 | $ | 275 | |||||||||||||||||
Provision charged to expense | 150 | (1 | ) | — | 124 | 5 | (153 | ) | |||||||||||||||||||||
Losses charged off | (79 | ) | — | — | — | — | (60 | ) | |||||||||||||||||||||
Recoveries | — | — | — | — | — | — | |||||||||||||||||||||||
Balance, end of period | $ | 739 | $ | 332 | $ | 3 | $ | 654 | $ | 181 | $ | 62 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 114 | $ | 58 | $ | — | $ | 250 | $ | — | $ | 15 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 625 | $ | 274 | $ | 3 | $ | 404 | $ | 181 | $ | 47 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 41,263 | $ | 9,077 | $ | 54 | $ | 18,324 | $ | 12,074 | $ | 1,257 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 2,652 | $ | 165 | $ | — | $ | 2,077 | $ | — | $ | 790 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 38,611 | $ | 8,912 | $ | 54 | $ | 16,247 | $ | 12,074 | $ | 467 | |||||||||||||||||
Three Months Ended March 31, 2013 (Continued) | |||||||||||||||||||||||||||||
Commercial and Industrial | Agricultural | Purchased | Other | Unallocated | Total | ||||||||||||||||||||||||
Indirect | Consumer | ||||||||||||||||||||||||||||
Automobile, Net | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Balance, beginning of period | $ | 151 | $ | 301 | $ | 112 | $ | 1 | $ | — | $ | 2,550 | |||||||||||||||||
Provision charged to expense | (23 | ) | 36 | 7 | (1 | ) | — | 144 | |||||||||||||||||||||
Losses charged off | — | — | (8 | ) | — | — | (147 | ) | |||||||||||||||||||||
Recoveries | — | — | 2 | 1 | — | 3 | |||||||||||||||||||||||
Balance, end of period | $ | 128 | $ | 337 | $ | 113 | $ | 1 | $ | — | $ | 2,550 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 5 | $ | — | $ | 5 | $ | — | $ | — | $ | 447 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 123 | $ | 337 | $ | 108 | $ | 1 | $ | — | $ | 2,103 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance | $ | 5,551 | $ | 22,498 | $ | 7,202 | $ | 110 | $ | — | $ | 117,410 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 5 | $ | — | $ | 19 | $ | — | $ | — | $ | 5,708 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 5,546 | $ | 22,498 | $ | 7,183 | $ | 110 | $ | — | $ | 111,702 | |||||||||||||||||
Year Ended December 31, 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 | $ | — | |||||||||||||||||
Year Ended December 31, 2013 (Continued) | |||||||||||||||||||||||||||||
Commercial and Industrial | Agricultural | Purchased | Other | Unallocated | Total | ||||||||||||||||||||||||
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 | |||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||||||||||
Mortgage Loans on Real Estate | |||||||||||||||||||||||||||||
1-4 Family | HELOC and | Multi-Family Residential | Commercial | Farmland | Construction | ||||||||||||||||||||||||
2nd Mortgage | and Land Development | ||||||||||||||||||||||||||||
Pass | $ | 34,476 | $ | 6,414 | $ | 116 | $ | 14,632 | $ | 12,080 | $ | 234 | |||||||||||||||||
Watch | 1,626 | 199 | — | 1,457 | 109 | — | |||||||||||||||||||||||
Special Mention | 1,629 | — | — | 3,040 | — | — | |||||||||||||||||||||||
Substandard | 1,972 | 588 | — | — | — | 319 | |||||||||||||||||||||||
Total | $ | 39,703 | $ | 7,201 | $ | 116 | $ | 19,129 | $ | 12,189 | $ | 553 | |||||||||||||||||
March 31, 2014 (Continued) | |||||||||||||||||||||||||||||
Commercial and Industrial | Agricultural | Purchased Indirect Automobile, Net | Other Consumer | Total | |||||||||||||||||||||||||
Pass | $ | 6,273 | $ | 23,720 | $ | 7,313 | $ | 100 | $ | 105,358 | |||||||||||||||||||
Watch | 301 | 157 | — | — | 3,849 | ||||||||||||||||||||||||
Special Mention | — | — | — | — | 4,669 | ||||||||||||||||||||||||
Substandard | 3 | — | — | — | 2,882 | ||||||||||||||||||||||||
Total | $ | 6,577 | $ | 23,877 | $ | 7,313 | $ | 100 | $ | 116,758 | |||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
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 | |||||||||||||||||
December 31, 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 | |||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
31-Mar-14 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater Than | Total Past | Current | Total Loans Receivable | Total Loans > | |||||||||||||||||||||||
Past Due | Past Due | 90 Days | Due | 90 Days & Accruing | |||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 1,420 | $ | 694 | $ | 1,426 | $ | 3,540 | $ | 36,163 | $ | 39,703 | $ | — | |||||||||||||||
Home equity lines of credit and other 2nd mortgages | 47 | — | — | 47 | 7,154 | 7,201 | — | ||||||||||||||||||||||
Multi-family | — | — | — | — | 116 | 116 | — | ||||||||||||||||||||||
Commercial | — | — | — | — | 19,129 | 19,129 | — | ||||||||||||||||||||||
Farmland | 123 | — | — | 123 | 12,066 | 12,189 | — | ||||||||||||||||||||||
Construction and land development | — | — | 319 | 319 | 234 | 553 | — | ||||||||||||||||||||||
Total real estate loans | 1,590 | 694 | 1,745 | 4,029 | 74,862 | 78,891 | — | ||||||||||||||||||||||
Commercial and industrial | 160 | 10 | 3 | 173 | 6,404 | 6,577 | — | ||||||||||||||||||||||
Agriculture | 227 | — | — | 227 | 23,650 | 23,877 | — | ||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | — | — | 7,313 | 7,313 | — | ||||||||||||||||||||||
Other | — | — | — | — | 100 | 100 | — | ||||||||||||||||||||||
Total consumer loans | — | — | — | — | 7,413 | 7,413 | — | ||||||||||||||||||||||
Total | $ | 1,977 | $ | 704 | $ | 1,748 | $ | 4,429 | $ | 112,329 | $ | 116,758 | $ | — | |||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater Than | Total Past | Current | Total Loans Receivable | Total Loans > | |||||||||||||||||||||||
Past Due | Past Due | 90 Days | Due | 90 Days & Accruing | |||||||||||||||||||||||||
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 | $ | — | |||||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
Three Months Ended March 31, 2014 | |||||||||||||||||||||||||||||
Recorded | Unpaid | Specific | Average | Interest Income Recognized | Interest Income Recognized | ||||||||||||||||||||||||
Balance | Principal | Allowance | Investment in Impaired Loans | Cash Basis | |||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||
Loans without a specific allowance | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 1,408 | $ | 1,771 | $ | — | $ | 1,565 | $ | 13 | $ | 13 | |||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 9 | 93 | — | 27 | 5 | 5 | |||||||||||||||||||||||
Multi-family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial | — | — | — | — | — | — | |||||||||||||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||||||
Construction and land development | 319 | 466 | — | 336 | — | — | |||||||||||||||||||||||
Total real estate loans | 1,736 | 2,330 | — | 1,928 | 18 | 18 | |||||||||||||||||||||||
Commercial and industrial | — | — | — | — | — | — | |||||||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | — | — | — | — | |||||||||||||||||||||||
Other | — | 25 | — | — | 1 | 1 | |||||||||||||||||||||||
Total consumer loans | — | 25 | — | — | 1 | 1 | |||||||||||||||||||||||
Total loans | $ | 1,736 | $ | 2,355 | $ | — | $ | 1,928 | $ | 19 | $ | 19 | |||||||||||||||||
Loans with a specific allowance | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 564 | $ | 670 | $ | 43 | $ | 563 | $ | 2 | $ | 2 | |||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 579 | 588 | 112 | 327 | 1 | 1 | |||||||||||||||||||||||
Multi-family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial | — | — | — | — | — | — | |||||||||||||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||||||
Construction and land development | — | — | — | — | — | — | |||||||||||||||||||||||
Total real estate loans | 1,143 | 1,258 | 155 | 890 | 3 | 3 | |||||||||||||||||||||||
Commercial and industrial | 3 | 3 | 3 | 3 | — | — | |||||||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | — | 2 | — | — | |||||||||||||||||||||||
Other | — | — | — | — | — | — | |||||||||||||||||||||||
Total consumer loans | — | — | — | 2 | — | — | |||||||||||||||||||||||
Total loans | 1,146 | 1,261 | 3 | 895 | 3 | 3 | |||||||||||||||||||||||
Total | $ | 2,882 | $ | 3,616 | $ | 158 | $ | 2,823 | $ | 22 | $ | 22 | |||||||||||||||||
Three Months Ended March 31, 2013 | |||||||||||||||||||||||||||||
Recorded | Unpaid | Specific | Average | Interest Income Recognized | Interest Income Recognized | ||||||||||||||||||||||||
Balance | Principal | Allowance | Investment in Impaired Loans | Cash Basis | |||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||
Loans without a specific allowance | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 1,483 | $ | 1,761 | $ | — | $ | 1,627 | $ | 3 | $ | 3 | |||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 72 | 93 | — | 89 | — | — | |||||||||||||||||||||||
Multi-family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial | 687 | 704 | — | 344 | 1 | 1 | |||||||||||||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||||||
Construction and land development | 377 | 651 | — | 189 | 1 | 1 | |||||||||||||||||||||||
Total real estate loans | 2,619 | 3,209 | — | 2,249 | 5 | 5 | |||||||||||||||||||||||
Commercial and industrial | — | — | — | — | — | — | |||||||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | — | — | — | — | |||||||||||||||||||||||
Other | — | 21 | — | — | — | — | |||||||||||||||||||||||
Total consumer loans | — | 21 | — | — | — | — | |||||||||||||||||||||||
Total loans | $ | 2,619 | $ | 3,230 | $ | — | $ | 2,249 | $ | 5 | $ | 5 | |||||||||||||||||
Loans with a specific allowance | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 1,169 | $ | 1,301 | $ | 114 | $ | 942 | $ | 3 | $ | 3 | |||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 93 | 93 | 58 | 77 | — | — | |||||||||||||||||||||||
Multi-family | — | — | — | — | — | — | |||||||||||||||||||||||
Commercial | 1,390 | 1,390 | 250 | 1,436 | 3 | 3 | |||||||||||||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||||||
Construction and land development | 413 | 451 | 15 | 632 | 1 | 1 | |||||||||||||||||||||||
Total real estate loans | 3,065 | 3,235 | 437 | 3,087 | 7 | 7 | |||||||||||||||||||||||
Commercial and industrial | 5 | 5 | 5 | 6 | — | — | |||||||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | 19 | 19 | 5 | 22 | — | — | |||||||||||||||||||||||
Other | — | — | — | — | — | — | |||||||||||||||||||||||
Total consumer loans | 24 | 24 | 10 | 28 | — | — | |||||||||||||||||||||||
Total loans | 3,089 | 3,259 | 447 | 3,115 | 7 | 7 | |||||||||||||||||||||||
Total | $ | 5,708 | $ | 6,489 | $ | 447 | $ | 5,364 | $ | 12 | $ | 12 | |||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
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 | $ | 1,722 | $ | 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 | |||||||||||||||||
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | ' | ||||||||||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Mortgages on real estate: | |||||||||||||||||||||||||||||
One-to-four family | $ | 1,972 | $ | 2,284 | |||||||||||||||||||||||||
Home equity lines of credit and other 2nd mortgages | 588 | 120 | |||||||||||||||||||||||||||
Multi-family residential | — | — | |||||||||||||||||||||||||||
Commercial | — | — | |||||||||||||||||||||||||||
Construction and land development | 319 | 354 | |||||||||||||||||||||||||||
Commercial and industrial | 3 | 3 | |||||||||||||||||||||||||||
Other consumer | — | — | |||||||||||||||||||||||||||
Total | $ | 2,882 | $ | 2,761 | |||||||||||||||||||||||||
Recorded Balance [Member] | ' | ||||||||||||||||||||||||||||
Note 7 - Loans (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | $ | 2,208 | $ | 1,914 | |||||||||||||||||||||||||
Home equity lines of credit and other 2nd mortgages | — | — | |||||||||||||||||||||||||||
Multi-family | — | — | |||||||||||||||||||||||||||
Commercial | — | — | |||||||||||||||||||||||||||
Farmland | — | — | |||||||||||||||||||||||||||
Construction and land development | 319 | 354 | |||||||||||||||||||||||||||
Total real estate loans | 2,527 | 2,268 | |||||||||||||||||||||||||||
Commercial and industrial | — | — | |||||||||||||||||||||||||||
Agriculture | — | — | |||||||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | |||||||||||||||||||||||||||
Other | — | — | |||||||||||||||||||||||||||
Total consumer loans | — | — | |||||||||||||||||||||||||||
Total | $ | 2,527 | $ | 2,268 | |||||||||||||||||||||||||
Troubled Debt Restructuring Activity [Member] | ' | ||||||||||||||||||||||||||||
Note 7 - Loans (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
Three Months Ended | Three Months Ended | ||||||||||||||||||||||||||||
31-Mar-14 | 31-Mar-13 | ||||||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||||||
Modifications | Investment | Modifications | Investment | ||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
One-to-four family | 3 | $ | 377 | 1 | $ | 245 | |||||||||||||||||||||||
Home equity lines of credit and other 2nd mortgages | — | — | — | — | |||||||||||||||||||||||||
Multi-family | — | — | — | — | |||||||||||||||||||||||||
Commercial | — | — | — | — | |||||||||||||||||||||||||
Farmland | — | — | — | — | |||||||||||||||||||||||||
Construction and land development | — | — | — | — | |||||||||||||||||||||||||
Total real estate loans | 3 | 377 | — | — | |||||||||||||||||||||||||
Commercial and industrial | — | — | — | — | |||||||||||||||||||||||||
Agriculture | — | — | — | — | |||||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||
Purchased indirect automobile | — | — | — | — | |||||||||||||||||||||||||
Other | — | — | — | — | |||||||||||||||||||||||||
Total consumer loans | — | — | — | — | |||||||||||||||||||||||||
Total | 3 | $ | 377 | 1 | $ | 245 |
Note_8_Accumulated_Other_Compr1
Note 8 - Accumulated Other Comprehensive Income (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||
March 31, | December 31, | ||||||||
2014 | 2013 | ||||||||
Net unrealized gain on securities available-for-sale | $ | 41 | $ | 25 | |||||
Tax effect | (14 | ) | (9 | ) | |||||
Net-of-tax amount | $ | 27 | $ | 16 |
Note_9_Income_Taxes_Tables
Note 9 - Income Taxes (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | ||||||||
Three Months Ended | |||||||||
March 31, | |||||||||
2014 | 2013 | ||||||||
Computed at the statutory rate (34%) | $ | 118 | $ | 59 | |||||
Decrease resulting from | |||||||||
Tax exempt interest | (4 | ) | (3 | ) | |||||
Changes in deferred tax valuation allowance | — | (40 | ) | ||||||
Cash surrender value of life insurance | (9 | ) | (10 | ) | |||||
Other | 9 | 8 | |||||||
Actual expense | $ | 114 | $ | 14 | |||||
Tax expense as a percentage of pre-tax income | 32.8 | % | 8.1 | % |
Note_10_Disclosures_About_Fair1
Note 10 - Disclosures About Fair Value of Assets and Liabilities (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Fair Value | Quoted | Significant | Significant Unobservable | ||||||||||||||
Prices in | Other | Inputs | |||||||||||||||
Active | Observable | (Level 3) | |||||||||||||||
Markets for | Inputs | ||||||||||||||||
Identical | (Level 2) | ||||||||||||||||
Assets | |||||||||||||||||
(Level 1) | |||||||||||||||||
March 31, 2014: | |||||||||||||||||
Available-for-sale securities: | |||||||||||||||||
US Government and federal agency | $ | 988 | $ | — | $ | 988 | $ | — | |||||||||
Mortgage-backed securities – GSE residential | 560 | — | 560 | — | |||||||||||||
State and political subdivisions | 4,409 | — | 4,409 | — | |||||||||||||
Equity securities | 513 | 26 | 487 | — | |||||||||||||
Corporate debt securities | 498 | — | 498 | — | |||||||||||||
Loan servicing rights | 620 | — | — | 620 | |||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Fair Value | Quoted | Significant | Significant Unobservable | ||||||||||||||
Prices in | Other | Inputs | |||||||||||||||
Active | Observable | (Level 3) | |||||||||||||||
Markets for | Inputs | ||||||||||||||||
Identical | (Level 2) | ||||||||||||||||
Assets | |||||||||||||||||
(Level 1) | |||||||||||||||||
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 | 29 | 479 | — | |||||||||||||
Loan servicing rights | 620 | — | — | 620 | |||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | ' | ||||||||||||||||
Loan Servicing | |||||||||||||||||
Rights | |||||||||||||||||
Balance, January 1, 2014 | $ | 620 | |||||||||||||||
Total realized and unrealized gains and losses included in net income | — | ||||||||||||||||
Servicing rights that result from asset transfers | — | ||||||||||||||||
Loans refinanced | — | ||||||||||||||||
Balance, March 31, 2014 | $ | 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 | $ | — | |||||||||||||||
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) | |||||||||||||||
March 31, 2014: | |||||||||||||||||
Impaired loans (collateral dependent) | $ | 1,031 | $ | — | $ | — | $ | 1,031 | |||||||||
December 31, 2013: | |||||||||||||||||
Impaired loans (collateral dependent) | $ | 549 | $ | — | $ | — | $ | 549 | |||||||||
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | ' | ||||||||||||||||
Fair Value at | Valuation | Unobservable | Range (Weighted | ||||||||||||||
31-Mar-14 | Technique | Inputs | Average) | ||||||||||||||
Collateral-dependent impaired loans | $ | 1,031 | Market comparable properties | Marketability discount | 10% | - | 40% | -24% | |||||||||
Loan servicing rights | 620 | Discounted cash flow | Discount rate | 8% | - | 12.50% | -10% | ||||||||||
PSA standard prepayment model rate | 100 | - | 369 | -194 | |||||||||||||
Fair Value at | Valuation | Unobservable | Range (Weighted | ||||||||||||||
31-Dec-13 | Technique | Inputs | 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 of Financial Instruments [Table Text Block] | ' | ||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||
Carrying | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | ||||||||||||||
Amount | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
March 31, 2014: | |||||||||||||||||
Financial assets | |||||||||||||||||
Cash and cash equivalents | $ | 28,015 | $ | 28,015 | $ | — | $ | — | |||||||||
Interest-bearing deposits with other financial institutions | 5,650 | — | 5,650 | — | |||||||||||||
Held-to-maturity securities | 413 | — | 414 | — | |||||||||||||
Loans, net of allowance for loan losses | 114,331 | — | 117,438 | ||||||||||||||
Federal Home Loan Bank stock | 870 | — | 870 | — | |||||||||||||
Accrued interest receivable | 619 | — | 619 | — | |||||||||||||
Financial liabilities | |||||||||||||||||
Deposits | 133,945 | — | 130,853 | ||||||||||||||
Federal Home Loan Bank advances | 8,946 | — | 9,098 | — | |||||||||||||
Advances from borrowers for taxes and insurance | 544 | — | 544 | — | |||||||||||||
Accrued interest payable | 18 | — | 18 | — | |||||||||||||
Unrecognized financial instruments (net of contract amount) | |||||||||||||||||
Commitments to originate loans | — | — | — | — | |||||||||||||
Letters of credit | — | — | — | — | |||||||||||||
Lines of credit | — | — | — | — | |||||||||||||
Fair Value | |||||||||||||||||
Measurements | |||||||||||||||||
Using | |||||||||||||||||
Carrying | Quoted Prices in Active Markets | Significant | Significant Unobservable | ||||||||||||||
Amount | for Identical | Other | Inputs | ||||||||||||||
Assets | Observable | (Level 3) | |||||||||||||||
(Level 1) | Inputs | ||||||||||||||||
(Level 2) | |||||||||||||||||
December 31, 2013: | |||||||||||||||||
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 | — | — | — | — |
Note_3_Stockbased_Compensation2
Note 3 - Stock-based Compensation (Details) (USD $) | 1 Months Ended | 3 Months Ended | 6 Months Ended | ||||
In Thousands, except Share data, unless otherwise specified | Jun. 23, 2011 | Mar. 31, 2014 | Mar. 31, 2013 | Jun. 23, 2011 | Dec. 31, 2013 | Nov. 29, 2012 | 26-May-11 |
Note 3 - 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 Period | ' | ' | ' | '5 years | ' | ' | ' |
Employee Stock Ownership Plan (ESOP), Compensation Expense | ' | $18 | $15 | ' | ' | ' | ' |
ESOP Shares Allocated and Released for Allocation (in Shares) | ' | 17,786 | ' | ' | ' | ' | ' |
Employee Stock Ownership Plan ESOP Fair Value Shares Allocated and Released for Allocation | ' | 302 | ' | ' | ' | ' | ' |
Employee Stock Ownership Plan (ESOP), Fair Value of Shares Subject to Repurchase Obligation | ' | 302 | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares) | ' | ' | ' | ' | ' | ' | 109,856 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares) | 73,761 | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares) | 31,387 | ' | ' | ' | ' | ' | ' |
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 | ' | ' | ' |
Allocated Share-based Compensation Expense | ' | 28 | 29 | ' | ' | ' | ' |
Employee Stock Option [Member] | ' | ' | ' | ' | ' | ' | ' |
Note 3 - Stock-based Compensation (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
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 | ' | '3 years | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares) | ' | ' | ' | ' | ' | ' | 78,469 |
Allocated Share-based Compensation Expense | ' | 17 | 17 | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | ' | 155 | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | ' | '2 years 102 days | ' | ' | ' | ' | ' |
Restricted Stock [Member] | ' | ' | ' | ' | ' | ' | ' |
Note 3 - Stock-based Compensation (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | ' | '5 years | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares) | ' | ' | ' | ' | ' | ' | 31,387 |
Allocated Share-based Compensation Expense | ' | 12 | 12 | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | ' | $109 | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | ' | '2 years 83 days | ' | ' | ' | ' | ' |
Qualified Stock Options [Member] | ' | ' | ' | ' | ' | ' | ' |
Note 3 - Stock-based Compensation (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares) | 63,167 | ' | ' | ' | ' | ' | ' |
Nonqualified Stock Options [Member] | ' | ' | ' | ' | ' | ' | ' |
Note 3 - Stock-based Compensation (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares) | 10,594 | ' | ' | ' | ' | ' | ' |
Repayment Period [Member] | ' | ' | ' | ' | ' | ' | ' |
Note 3 - Stock-based Compensation (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Employee Stock Ownership Plan (ESOP), Debt Structure, Employer Loan, Description | ' | '15 | ' | ' | ' | ' | ' |
Note_3_Stockbased_Compensation3
Note 3 - Stock-based Compensation (Details) - Employee Stock Ownership Shares (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Employee Stock Ownership Shares [Abstract] | ' | ' |
Allocated shares | 16,740 | 12,555 |
Shares released for allocation | 1,046 | 4,185 |
Unearned shares | 44,989 | 46,035 |
Total ESOP shares | 62,775 | 62,775 |
Fair value of unearned ESOP shares (in Dollars) | $731 | $609 |
Note_3_Stockbased_Compensation4
Note 3 - Stock-based Compensation (Details) - Stock Option Activity (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Note 3 - Stock-based Compensation (Details) - Stock Option Activity [Line Items] | ' | ' |
Exercised | 5,734 | 13,774 |
Equity Incentive Plan [Member] | ' | ' |
Note 3 - Stock-based Compensation (Details) - Stock Option Activity [Line Items] | ' | ' |
Outstanding, January 1, 2014 | 60,694 | ' |
Outstanding, January 1, 2014 | 8.32 | ' |
Outstanding, March 31, 2014 | 54,960 | ' |
Outstanding, March 31, 2014 | 8.33 | ' |
Outstanding, March 31, 2014 | '7 years 127 days | ' |
Outstanding, March 31, 2014 | 476 | ' |
Exercisable, March 31, 2014 | 6,937 | ' |
Exercisable, March 31, 2014 | 8.39 | ' |
Exercisable, March 31, 2014 | '8 years 47 days | ' |
Exercisable, March 31, 2014 | 60 | ' |
Exercised | -5,734 | ' |
Exercised | 8.22 | ' |
Note_3_Stockbased_Compensation5
Note 3 - Stock-based Compensation (Details) - Nonvested Shares Activity (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, except Per Share data, unless otherwise specified | ||
Nonvested Shares Activity [Abstract] | ' | ' |
Balance - Shares | 48,023 | 48,023 |
Balance, Weighted Average Grant-Date Fair Value | $4.21 | $4.21 |
Balance - Shares | 48,023 | 48,023 |
Balance, Weighted Average Grant-Date Fair Value | $4.21 | $4.21 |
Note_3_Stockbased_Compensation6
Note 3 - Stock-based Compensation (Details) - Restricted Stock Option Activity (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Note 3 - Stock-based Compensation (Details) - Restricted Stock Option Activity [Line Items] | ' | ' |
Balance - Shares | 48,023,000 | 48,023,000 |
Balance, Weighted Average Grant-Date Fair Value | $4.21 | $4.21 |
Balance - Shares | 48,023,000 | 48,023,000 |
Balance, Weighted Average Grant-Date Fair Value | $4.21 | $4.21 |
Restricted Stock [Member] | ' | ' |
Note 3 - Stock-based Compensation (Details) - Restricted Stock Option Activity [Line Items] | ' | ' |
Balance - Shares | 17,890 | 17,890 |
Balance, Weighted Average Grant-Date Fair Value | $8.10 | $8.10 |
Balance - Shares | 17,890 | 17,890 |
Balance, Weighted Average Grant-Date Fair Value | $8.10 | $8.10 |
Note_4_Earnings_Per_Common_Sha2
Note 4 - Earnings Per Common Share ("EPS") (Details) - Basic and Diluted Earnings Per Share (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Note 4 - Earnings Per Common Share ("EPS") (Details) - Basic and Diluted Earnings Per Share [Line Items] | ' | ' |
Net income (in Dollars) | $234 | $159 |
Net income allocated to participating securities (in Dollars) | ' | -4 |
Net income allocated to common stock (in Dollars) | $234 | $155 |
Diluted average shares outstanding | 794,561 | 757,952 |
Basic earnings per share (in Dollars per share) | $0.30 | $0.20 |
Diluted earnings per share (in Dollars per share) | $0.29 | $0.20 |
Less: Average unallocated ESOP shares | -45,335 | -49,523 |
Basic Shares Before Unallocated ESOP Shares [Member] | ' | ' |
Note 4 - Earnings Per Common Share ("EPS") (Details) - Basic and Diluted Earnings Per Share [Line Items] | ' | ' |
Basic | 824,192 | 800,288 |
Basic Shares After Unallocated ESOP Shares [Member] | ' | ' |
Note 4 - Earnings Per Common Share ("EPS") (Details) - Basic and Diluted Earnings Per Share [Line Items] | ' | ' |
Basic | 778,857 | 750,765 |
Qualified Stock Options [Member] | ' | ' |
Note 4 - Earnings Per Common Share ("EPS") (Details) - Basic and Diluted Earnings Per Share [Line Items] | ' | ' |
Diluted effect of | 13,357 | 4,196 |
Restricted Stock [Member] | ' | ' |
Note 4 - Earnings Per Common Share ("EPS") (Details) - Basic and Diluted Earnings Per Share [Line Items] | ' | ' |
Diluted effect of | 2,347 | 2,991 |
Note_5_Securities_Purchased_Un2
Note 5 - Securities Purchased Under Agreements to Resell (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 |
Disclosure Text Block [Abstract] | ' | ' |
Securities Purchased under Agreements to Resell | $24,622 | $25,117 |
Agreements Over-Collateralized, Percentage | 3.00% | ' |
Note_5_Securities_Purchased_Un3
Note 5 - Securities Purchased Under Agreements to Resell (Details) - Agreements to Resell Securities Purchased (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note 5 - Securities Purchased Under Agreements to Resell (Details) - Agreements to Resell Securities Purchased [Line Items] | ' | ' |
Securities purchased under agreements to resell | $24,622 | $25,117 |
ESI Investors III, LLC [Member] | ' | ' |
Note 5 - Securities Purchased Under Agreements to Resell (Details) - Agreements to Resell Securities Purchased [Line Items] | ' | ' |
Securities purchased under agreements to resell | 1,500 | 1,500 |
BCM High Income Fund, LP [Member] | ' | ' |
Note 5 - Securities Purchased Under Agreements to Resell (Details) - Agreements to Resell Securities Purchased [Line Items] | ' | ' |
Securities purchased under agreements to resell | 5,545 | 6,040 |
HEC Opportunity Fund, LLC [Member] | ' | ' |
Note 5 - Securities Purchased Under Agreements to Resell (Details) - Agreements to Resell Securities Purchased [Line Items] | ' | ' |
Securities purchased under agreements to resell | 500 | 500 |
Coastal Securities [Member] | ' | ' |
Note 5 - Securities Purchased Under Agreements to Resell (Details) - Agreements to Resell Securities Purchased [Line Items] | ' | ' |
Securities purchased under agreements to resell | 2,266 | 2,266 |
First Farmers Financial, LLC [Member] | ' | ' |
Note 5 - Securities Purchased Under Agreements to Resell (Details) - Agreements to Resell Securities Purchased [Line Items] | ' | ' |
Securities purchased under agreements to resell | $14,811 | $14,811 |
Note_6_Securities_Details
Note 6 - Securities (Details) (USD $) | 3 Months Ended | ||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | |
Note 6 - Securities (Details) [Line Items] | ' | ' | ' |
Percent Of Total Equity | 10.00% | ' | 10.00% |
Available-for-sale Securities Pledged as Collateral | $621,000 | ' | $1,120,000 |
Proceeds from Sale of Available-for-sale Securities | 0 | 0 | ' |
Mutual Funds [Member] | ' | ' | ' |
Note 6 - Securities (Details) [Line Items] | ' | ' | ' |
Marketable Securities | 458,000 | ' | 457,000 |
FHLMC Common Stock [Member] | ' | ' | ' |
Note 6 - Securities (Details) [Line Items] | ' | ' | ' |
Marketable Securities | 29,000 | ' | 22,000 |
Other Equity Securities [Member] | ' | ' | ' |
Note 6 - Securities (Details) [Line Items] | ' | ' | ' |
Marketable Securities | 26,000 | ' | 29,000 |
Debt and Marketable Securities [Member] | ' | ' | ' |
Note 6 - Securities (Details) [Line Items] | ' | ' | ' |
Marketable Securities | $3,200,000 | ' | $2,292,000 |
Debt and Marketable Securities [Member] | ' | ' | ' |
Note 6 - Securities (Details) [Line Items] | ' | ' | ' |
Portion of Investment Portfolio | 43.00% | ' | 36.00% |
Note_6_Securities_Details_Mark
Note 6 - Securities (Details) - Marketable Securities (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 |
Available-for-sale Securities: | ' | ' |
Available for Sale Securities Amortized Cost | $6,927 | $5,520 |
Available for Sale Securities Gross Unrealized Gains | 76 | 72 |
Available for Sale Securities Fair Value | 6,968 | 5,545 |
Available for Sale Securities Gross Unrealized Losses | -35 | -47 |
Held-to-maturity Securities: | ' | ' |
Held to Maturity Securities Amortized Cost | 413 | 833 |
Held to Maturity Securities Gross Unrealized Gains | 2 | 6 |
Held to Maturity Securities Fair Value | 414 | 839 |
Held to Maturity Securities Gross Unrealized Losses | -1 | ' |
US Government Agencies Debt Securities [Member] | ' | ' |
Available-for-sale Securities: | ' | ' |
Available for Sale Securities Amortized Cost | 991 | 990 |
Available for Sale Securities Fair Value | 988 | 982 |
Available for Sale Securities Gross Unrealized Losses | -3 | -8 |
Held-to-maturity Securities: | ' | ' |
Held to Maturity Securities Amortized Cost | ' | 500 |
Held to Maturity Securities Gross Unrealized Gains | ' | 2 |
Held to Maturity Securities Fair Value | ' | 502 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Available-for-sale Securities: | ' | ' |
Available for Sale Securities Amortized Cost | 4,430 | 3,461 |
Available for Sale Securities Gross Unrealized Gains | 10 | 7 |
Available for Sale Securities Fair Value | 4,409 | 3,429 |
Available for Sale Securities Gross Unrealized Losses | -31 | -39 |
Held-to-maturity Securities: | ' | ' |
Held to Maturity Securities Amortized Cost | 103 | ' |
Held to Maturity Securities Fair Value | 102 | ' |
Held to Maturity Securities Gross Unrealized Losses | -1 | ' |
US Government-sponsored Enterprises Debt Securities [Member] | ' | ' |
Available-for-sale Securities: | ' | ' |
Available for Sale Securities Amortized Cost | 550 | 614 |
Available for Sale Securities Gross Unrealized Gains | 10 | 12 |
Available for Sale Securities Fair Value | 560 | 626 |
Held-to-maturity Securities: | ' | ' |
Held to Maturity Securities Amortized Cost | 12 | 13 |
Held to Maturity Securities Gross Unrealized Gains | 1 | 1 |
Held to Maturity Securities Fair Value | 13 | 14 |
Equity Securities [Member] | ' | ' |
Available-for-sale Securities: | ' | ' |
Available for Sale Securities Amortized Cost | 457 | 455 |
Available for Sale Securities Gross Unrealized Gains | 56 | 53 |
Available for Sale Securities Fair Value | 513 | 508 |
Corporate Debt Securities [Member] | ' | ' |
Available-for-sale Securities: | ' | ' |
Available for Sale Securities Amortized Cost | 499 | ' |
Available for Sale Securities Fair Value | 498 | ' |
Available for Sale Securities Gross Unrealized Losses | -1 | ' |
Private-Label Residential [Member] | ' | ' |
Held-to-maturity Securities: | ' | ' |
Held to Maturity Securities Amortized Cost | 298 | 320 |
Held to Maturity Securities Gross Unrealized Gains | 1 | 3 |
Held to Maturity Securities Fair Value | $299 | $323 |
Note_6_Securities_Details_Secu
Note 6 - Securities (Details) - Securities by Contractual Maturity (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note 6 - Securities (Details) - Securities by Contractual Maturity [Line Items] | ' | ' |
Within one year | $1,075 | ' |
Within one year | 1,077 | ' |
One to five years | 3,251 | ' |
One to five years | 3,242 | ' |
Five to ten years | 1,594 | ' |
Five to ten years | 1,576 | ' |
Five to ten years | 103 | ' |
Five to ten years | 102 | ' |
Available for Sale Securities Amortized Cost | 6,927 | ' |
Available for Sale Securities Fair Value | 6,968 | ' |
Held to Maturity Securities Amortized Cost | 413 | 833 |
Held to Maturity Securities Fair Value | 414 | 839 |
Debt Securities With Single Maturity Date [Member] | ' | ' |
Note 6 - Securities (Details) - Securities by Contractual Maturity [Line Items] | ' | ' |
Available for Sale Securities Amortized Cost | 5,920 | ' |
Available for Sale Securities Fair Value | 5,895 | ' |
Held to Maturity Securities Amortized Cost | 103 | ' |
Held to Maturity Securities Fair Value | 102 | ' |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' |
Note 6 - Securities (Details) - Securities by Contractual Maturity [Line Items] | ' | ' |
Available for Sale Securities Without A Maturity Date Amortized Cost | 550 | ' |
Available for Sale Securities Without A Maturity Date Fair Value | 560 | ' |
Held to Maturity Securities Without A Maturity Date Amortized Cost | 310 | ' |
Held to Maturity Securities Without A Maturity Date Fair Value | 312 | ' |
Equity Securities [Member] | ' | ' |
Note 6 - Securities (Details) - Securities by Contractual Maturity [Line Items] | ' | ' |
Available for Sale Securities Without A Maturity Date Amortized Cost | 457 | ' |
Available for Sale Securities Without A Maturity Date Fair Value | $513 | ' |
Note_6_Securities_Details_Unre
Note 6 - Securities (Details) - Unrealized Losses on Investments (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 |
Available-for-sale: | ' | ' |
Less than 12 months, fair value | $1,649 | $1,055 |
Less than 12 months, unrealized losses | -14 | -14 |
Fair value | 3,098 | 2,292 |
Unrealized losses | -35 | -47 |
12 months or more, fair value | 1,449 | 1,237 |
12 months or more, unrealized losses | -21 | -33 |
Held-to-maturity: | ' | ' |
Less than 12 months, fair value | 1,751 | ' |
Less than 12 months, unrealized losses | -15 | ' |
12 months or more, fair value | 1,449 | ' |
12 months or more, unrealized losses | -21 | ' |
Fair value | 3,200 | ' |
Unrealized losses | -36 | ' |
US Government Agencies Debt Securities [Member] | ' | ' |
Available-for-sale: | ' | ' |
Less than 12 months, fair value | ' | 500 |
Less than 12 months, unrealized losses | ' | -1 |
Fair value | 488 | 982 |
Unrealized losses | -3 | -8 |
12 months or more, fair value | 488 | 482 |
12 months or more, unrealized losses | -3 | -7 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Available-for-sale: | ' | ' |
Less than 12 months, fair value | 1,151 | 555 |
Less than 12 months, unrealized losses | -13 | -13 |
Fair value | 2,112 | 1,310 |
Unrealized losses | -31 | -39 |
12 months or more, fair value | 961 | 755 |
12 months or more, unrealized losses | -18 | -26 |
Held-to-maturity: | ' | ' |
Less than 12 months, fair value | 102 | ' |
Less than 12 months, unrealized losses | -1 | ' |
Fair value | 102 | ' |
Unrealized losses | -1 | ' |
Corporate Debt Securities [Member] | ' | ' |
Available-for-sale: | ' | ' |
Less than 12 months, fair value | 498 | ' |
Less than 12 months, unrealized losses | -1 | ' |
Fair value | 498 | ' |
Unrealized losses | ($1) | ' |
Note_7_Loans_Details
Note 7 - Loans (Details) (USD $) | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | |||||||||||||||||||||||||||||||||||||||
Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2008 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | |
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] | 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] | 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 7 - Loans (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percent of Total Capital | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross, Consumer, Mortgage (in Dollars) | ' | ' | ' | ' | ' | ' | ' | $500,000 | ' | ' | ' | ' | $250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross, Commercial (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,500,000 | 250,000 |
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 (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,129,000 | 19,244,000 | ' | ' | ' | ' | ' | ' | ' | 553,000 | 354,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 23,877,000 | 24,343,000 | 12,189,000 | 13,900,000 | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 3 | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | 1 | ' | ' | ' | ' |
Financing Receivable, Modifications, Pre-Modification Recorded Investment (in Dollars) | 377,000 | 245,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,000,000 | 16,000 | ' | ' | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | ' | 3 | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment (in Dollars) | ' | ' | ' | ' | ' | ' | $602,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $319,000 | ' | ' | ' |
Note_7_Loans_Details_Classes_o
Note 7 - Loans (Details) - Classes of Loans (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||
Mortgage loans on real estate | ' | ' | ' | ' |
Loans Receivable | $116,758 | $119,351 | $117,410 | ' |
Less | ' | ' | ' | ' |
Loans in process | 3 | 26 | ' | ' |
Net deferred loan fees and costs | -7 | -8 | ' | ' |
Allowance for loan losses | 2,431 | 2,475 | 2,550 | 2,550 |
Net loans | 114,331 | 116,858 | ' | ' |
One to Four Family [Member] | ' | ' | ' | ' |
Mortgage loans on real estate | ' | ' | ' | ' |
Mortgage Loans On Real Estate | 39,703 | 39,489 | ' | ' |
Loans Receivable | 39,703 | 39,489 | ' | ' |
Home Equity Lines of Credit and Second Mortgages [Member] | ' | ' | ' | ' |
Mortgage loans on real estate | ' | ' | ' | ' |
Mortgage Loans On Real Estate | 7,201 | 7,749 | ' | ' |
Loans Receivable | 7,201 | 7,749 | ' | ' |
Multi-Family Residential [Member] | ' | ' | ' | ' |
Mortgage loans on real estate | ' | ' | ' | ' |
Mortgage Loans On Real Estate | 116 | 117 | ' | ' |
Loans Receivable | 116 | 117 | ' | ' |
Commercial Real Estate Loans [Member] | ' | ' | ' | ' |
Mortgage loans on real estate | ' | ' | ' | ' |
Mortgage Loans On Real Estate | 19,129 | 19,244 | ' | ' |
Loans Receivable | 19,129 | 19,244 | ' | ' |
Farmland [Member] | ' | ' | ' | ' |
Mortgage loans on real estate | ' | ' | ' | ' |
Mortgage Loans On Real Estate | 12,189 | 13,900 | ' | ' |
Loans Receivable | 12,189 | 13,900 | ' | ' |
Construction and Land Development [Member] | ' | ' | ' | ' |
Mortgage loans on real estate | ' | ' | ' | ' |
Mortgage Loans On Real Estate | 553 | 354 | ' | ' |
Loans Receivable | 553 | 354 | ' | ' |
Total Loans [Member] | ' | ' | ' | ' |
Mortgage loans on real estate | ' | ' | ' | ' |
Mortgage Loans On Real Estate | 78,891 | 80,853 | ' | ' |
Commercial and Industrial [Member] | ' | ' | ' | ' |
Mortgage loans on real estate | ' | ' | ' | ' |
Loans Receivable | 6,577 | 6,424 | ' | ' |
Agricultural [Member] | ' | ' | ' | ' |
Mortgage loans on real estate | ' | ' | ' | ' |
Loans Receivable | 23,877 | 24,343 | ' | ' |
Purchased Indirect Automobile, Net [Member] | ' | ' | ' | ' |
Mortgage loans on real estate | ' | ' | ' | ' |
Loans Receivable | 7,313 | 7,616 | ' | ' |
Other Consumer [Member] | ' | ' | ' | ' |
Mortgage loans on real estate | ' | ' | ' | ' |
Loans Receivable | $100 | $115 | ' | ' |
Note_7_Loans_Details_Allowance
Note 7 - Loans (Details) - Allowance for Loan Losses (USD $) | 3 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
Allowance for loan losses: | ' | ' | ' |
Balance, beginning of period | $2,475 | $2,550 | $2,550 |
Balance, end of period | 2,431 | 2,550 | 2,475 |
Ending balance: individually evaluated for impairment | 158 | 447 | 96 |
Ending balance: collectively evaluated for impairment | 2,273 | 2,103 | 2,379 |
Provision charged to expense | 25 | 144 | 453 |
Losses charged off | -82 | -147 | -583 |
Recoveries | 13 | 3 | 55 |
Loans: | ' | ' | ' |
Ending balance | 116,758 | 117,410 | 119,351 |
Ending balance: individually evaluated for impairment | 2,882 | 5,708 | 2,765 |
Ending balance: collectively evaluated for impairment | 113,876 | 111,702 | 116,586 |
One to Four Family [Member] | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' |
Balance, beginning of period | 644 | 668 | 668 |
Balance, end of period | 625 | 739 | 644 |
Ending balance: individually evaluated for impairment | 43 | 114 | 63 |
Ending balance: collectively evaluated for impairment | 582 | 625 | 581 |
Provision charged to expense | 52 | 150 | 277 |
Losses charged off | -82 | -79 | -330 |
Recoveries | 11 | ' | 29 |
Loans: | ' | ' | ' |
Ending balance | 39,703 | 41,263 | 39,489 |
Ending balance: individually evaluated for impairment | 1,972 | 2,652 | 2,284 |
Ending balance: collectively evaluated for impairment | 37,731 | 38,611 | 37,205 |
Home Equity Lines of Credit and Second Mortgages [Member] | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' |
Balance, beginning of period | 318 | 333 | 333 |
Balance, end of period | 333 | 332 | 318 |
Ending balance: individually evaluated for impairment | 112 | 58 | 29 |
Ending balance: collectively evaluated for impairment | 221 | 274 | 289 |
Provision charged to expense | 15 | -1 | 54 |
Losses charged off | ' | ' | -69 |
Loans: | ' | ' | ' |
Ending balance | 7,201 | 9,077 | 7,749 |
Ending balance: individually evaluated for impairment | 588 | 165 | 120 |
Ending balance: collectively evaluated for impairment | 6,613 | 8,912 | 7,629 |
Multi-Family Residential [Member] | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' |
Balance, beginning of period | ' | 3 | 3 |
Balance, end of period | 6 | 3 | 6 |
Ending balance: collectively evaluated for impairment | 6 | 3 | 6 |
Provision charged to expense | ' | ' | 3 |
Loans: | ' | ' | ' |
Ending balance | 116 | 54 | 117 |
Ending balance: collectively evaluated for impairment | 116 | 54 | 117 |
Commercial Real Estate Loans [Member] | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' |
Balance, beginning of period | 694 | 530 | 530 |
Balance, end of period | 670 | 654 | 694 |
Ending balance: individually evaluated for impairment | ' | 250 | ' |
Ending balance: collectively evaluated for impairment | 670 | 404 | 694 |
Provision charged to expense | -24 | 124 | 164 |
Loans: | ' | ' | ' |
Ending balance | 19,129 | 18,324 | 19,244 |
Ending balance: individually evaluated for impairment | ' | 2,077 | ' |
Ending balance: collectively evaluated for impairment | 19,129 | 16,247 | 19,244 |
Farmland [Member] | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' |
Balance, beginning of period | 208 | 176 | 176 |
Balance, end of period | 189 | 181 | 208 |
Ending balance: collectively evaluated for impairment | 189 | 181 | 208 |
Provision charged to expense | -19 | 5 | 32 |
Loans: | ' | ' | ' |
Ending balance | 12,189 | 12,074 | 13,900 |
Ending balance: collectively evaluated for impairment | 12,189 | 12,074 | 13,900 |
Construction and Land Development [Member] | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' |
Balance, beginning of period | ' | 275 | 275 |
Balance, end of period | 23 | 62 | ' |
Ending balance: individually evaluated for impairment | ' | 15 | ' |
Ending balance: collectively evaluated for impairment | 23 | 47 | ' |
Provision charged to expense | 23 | -153 | -141 |
Losses charged off | ' | -60 | -151 |
Recoveries | ' | ' | 17 |
Loans: | ' | ' | ' |
Ending balance | 553 | 1,257 | 354 |
Ending balance: individually evaluated for impairment | 319 | 790 | 354 |
Ending balance: collectively evaluated for impairment | 234 | 467 | ' |
Commercial and Industrial [Member] | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' |
Balance, beginning of period | 110 | 151 | 151 |
Balance, end of period | 112 | 128 | 110 |
Ending balance: individually evaluated for impairment | 3 | 5 | 3 |
Ending balance: collectively evaluated for impairment | 109 | 123 | 107 |
Provision charged to expense | 2 | -23 | -41 |
Loans: | ' | ' | ' |
Ending balance | 6,577 | 5,551 | 6,424 |
Ending balance: individually evaluated for impairment | 3 | 5 | 3 |
Ending balance: collectively evaluated for impairment | 6,574 | 5,546 | 6,421 |
Agricultural [Member] | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' |
Balance, beginning of period | 377 | 301 | 301 |
Balance, end of period | 361 | 337 | 377 |
Ending balance: collectively evaluated for impairment | 361 | 337 | 377 |
Provision charged to expense | -16 | 36 | 76 |
Loans: | ' | ' | ' |
Ending balance | 23,877 | 22,498 | 24,343 |
Ending balance: collectively evaluated for impairment | 23,877 | 22,498 | 24,343 |
Purchased Indirect Automobile, Net [Member] | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' |
Balance, beginning of period | 117 | 112 | 112 |
Balance, end of period | 111 | 113 | 117 |
Ending balance: individually evaluated for impairment | ' | 5 | 1 |
Ending balance: collectively evaluated for impairment | 111 | 108 | 116 |
Provision charged to expense | -7 | 7 | 35 |
Losses charged off | ' | -8 | -33 |
Recoveries | 1 | 2 | 3 |
Loans: | ' | ' | ' |
Ending balance | 7,313 | 7,202 | 7,616 |
Ending balance: individually evaluated for impairment | ' | 19 | 4 |
Ending balance: collectively evaluated for impairment | 7,313 | 7,183 | 7,612 |
Other Consumer [Member] | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' |
Balance, beginning of period | 1 | 1 | 1 |
Balance, end of period | 1 | 1 | 1 |
Ending balance: collectively evaluated for impairment | 1 | 1 | 1 |
Provision charged to expense | -1 | -1 | -6 |
Recoveries | 1 | 1 | 6 |
Loans: | ' | ' | ' |
Ending balance | 100 | 110 | 115 |
Ending balance: collectively evaluated for impairment | $100 | $110 | $115 |
Note_7_Loans_Details_Credit_Ri
Note 7 - Loans (Details) - Credit Risk Profile (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | $116,758 | $119,351 |
One to Four Family [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 34,476 | 33,676 |
One to Four Family [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 1,626 | 2,100 |
One to Four Family [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 1,629 | 1,429 |
One to Four Family [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 1,972 | 2,284 |
One to Four Family [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 39,703 | 39,489 |
Home Equity Lines of Credit and Second Mortgages [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 6,414 | 6,557 |
Home Equity Lines of Credit and Second Mortgages [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 199 | 334 |
Home Equity Lines of Credit and Second Mortgages [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | ' | 738 |
Home Equity Lines of Credit and Second Mortgages [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 588 | 120 |
Home Equity Lines of Credit and Second Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 7,201 | 7,749 |
Multi-Family Residential [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 116 | 117 |
Multi-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 116 | 117 |
Commercial Real Estate Loans [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 14,632 | 13,931 |
Commercial Real Estate Loans [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 1,457 | 2,328 |
Commercial Real Estate Loans [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 3,040 | 2,985 |
Commercial Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 19,129 | 19,244 |
Farmland [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 12,080 | 13,789 |
Farmland [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 109 | 111 |
Farmland [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 12,189 | 13,900 |
Construction and Land Development [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 234 | ' |
Construction and Land Development [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 319 | 354 |
Construction and Land Development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 553 | 354 |
Commercial and Industrial [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 6,273 | 6,106 |
Commercial and Industrial [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 301 | 315 |
Commercial and Industrial [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 3 | 3 |
Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 6,577 | 6,424 |
Agricultural [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 23,720 | 24,131 |
Agricultural [Member] | Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 157 | 212 |
Agricultural [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 23,877 | 24,343 |
Purchased Indirect Automobile, Net [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 7,313 | 7,612 |
Purchased Indirect Automobile, Net [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | ' | 4 |
Purchased Indirect Automobile, Net [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 7,313 | 7,616 |
Other Consumer [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 100 | 115 |
Other Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 100 | 115 |
Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 105,358 | 106,034 |
Watch [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 3,849 | 5,400 |
Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | 4,669 | 5,152 |
Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Risk Class | $2,882 | $2,765 |
Note_7_Loans_Details_Loan_Port
Note 7 - Loans (Details) - Loan Portfolio Aging Analysis (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | $1,977 | $968 | ' |
60-89 Days Past Due | 704 | 658 | ' |
Greater Than 90 Days | 1,748 | 2,009 | ' |
Total Past Due | 4,429 | 3,635 | ' |
Current | 112,329 | 115,716 | ' |
Total Loans Receivable | 116,758 | 119,351 | 117,410 |
One to Four Family [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 1,420 | 770 | ' |
60-89 Days Past Due | 694 | 607 | ' |
Greater Than 90 Days | 1,426 | 1,608 | ' |
Total Past Due | 3,540 | 2,985 | ' |
Current | 36,163 | 36,504 | ' |
Total Loans Receivable | 39,703 | 39,489 | ' |
Home Equity Lines of Credit and Second Mortgages [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 47 | 26 | ' |
60-89 Days Past Due | ' | 40 | ' |
Greater Than 90 Days | ' | 44 | ' |
Total Past Due | 47 | 110 | ' |
Current | 7,154 | 7,639 | ' |
Total Loans Receivable | 7,201 | 7,749 | ' |
Multi-Family Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 116 | 117 | ' |
Total Loans Receivable | 116 | 117 | ' |
Commercial Real Estate Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | ' | 33 | ' |
Total Past Due | ' | 33 | ' |
Current | 19,129 | 19,211 | ' |
Total Loans Receivable | 19,129 | 19,244 | ' |
Farmland [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 123 | ' | ' |
Total Past Due | 123 | ' | ' |
Current | 12,066 | 13,900 | ' |
Total Loans Receivable | 12,189 | 13,900 | ' |
Construction and Land Development [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Greater Than 90 Days | 319 | 354 | ' |
Total Past Due | 319 | 354 | ' |
Current | 234 | ' | ' |
Total Loans Receivable | 553 | 354 | ' |
Total Real Estate Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 1,590 | 829 | ' |
60-89 Days Past Due | 694 | 647 | ' |
Greater Than 90 Days | 1,745 | 2,006 | ' |
Total Past Due | 4,029 | 3,482 | ' |
Current | 74,862 | 77,371 | ' |
Total Loans Receivable | 78,891 | 80,853 | ' |
Commercial and Industrial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 160 | 135 | ' |
60-89 Days Past Due | 10 | 11 | ' |
Greater Than 90 Days | 3 | 3 | ' |
Total Past Due | 173 | 149 | ' |
Current | 6,404 | 6,275 | ' |
Total Loans Receivable | 6,577 | 6,424 | ' |
Agricultural [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 227 | ' | ' |
Total Past Due | 227 | ' | ' |
Current | 23,650 | 24,343 | ' |
Total Loans Receivable | 23,877 | 24,343 | ' |
Purchased Indirect Automobile, Net [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | ' | 4 | ' |
Total Past Due | ' | 4 | ' |
Current | 7,313 | 7,612 | ' |
Total Loans Receivable | 7,313 | 7,616 | ' |
Other Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 100 | 115 | ' |
Total Loans Receivable | 100 | 115 | ' |
Total Consumer Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | ' | 4 | ' |
Total Past Due | ' | 4 | ' |
Current | 7,413 | 7,727 | ' |
Total Loans Receivable | $7,413 | $7,731 | ' |
Note_7_Loans_Details_Impaired_
Note 7 - Loans (Details) - Impaired Loan Classifications (USD $) | 3 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 |
Real estate loans: | ' | ' | ' |
Recorded Balance | $1,736 | $2,619 | $2,121 |
Unpaid Principal Balance | 2,355 | 3,230 | 2,822 |
Average Investment in Impaired Loans | 1,928 | 2,249 | 1,999 |
Interest Income Recognized | 19 | 5 | 36 |
Interest Income Recognized Cash Basis | 19 | 5 | 36 |
Real estate loans: | ' | ' | ' |
Recorded Balance | ' | 3,089 | 644 |
Unpaid Principal Balance | ' | 3,259 | 693 |
Specific Allowance | 158 | 447 | 96 |
Average Investment in Impaired Loans | ' | 3,115 | 1,891 |
Interest Income Recognized | ' | 7 | 34 |
Interest Income Recognized Cash Basis | ' | 7 | 34 |
Recorded Balance | 2,882 | 5,708 | 2,765 |
Unpaid Principal Balance | 3,616 | 6,489 | 3,515 |
Specific Allowance | 158 | 447 | 96 |
Average Investment in Impaired Loans | 2,823 | 5,364 | 3,890 |
Interest Income Recognized | 22 | 12 | 70 |
Interest Income Recognized Cash Basis | 22 | 12 | 70 |
One to Four Family [Member] | ' | ' | ' |
Real estate loans: | ' | ' | ' |
Recorded Balance | 1,408 | 1,483 | 1,722 |
Unpaid Principal Balance | 1,771 | 1,761 | 2,159 |
Average Investment in Impaired Loans | 1,565 | 1,627 | 1,746 |
Interest Income Recognized | 13 | 3 | 32 |
Interest Income Recognized Cash Basis | 13 | 3 | 32 |
Real estate loans: | ' | ' | ' |
Recorded Balance | 564 | 1,169 | 562 |
Unpaid Principal Balance | 670 | 1,301 | 602 |
Specific Allowance | 43 | 114 | 63 |
Average Investment in Impaired Loans | 563 | 942 | 638 |
Interest Income Recognized | 2 | 3 | 12 |
Interest Income Recognized Cash Basis | 2 | 3 | 12 |
Specific Allowance | 43 | 114 | 63 |
Home Equity Lines of Credit and Second Mortgages [Member] | ' | ' | ' |
Real estate loans: | ' | ' | ' |
Recorded Balance | 9 | 72 | 45 |
Unpaid Principal Balance | 93 | 93 | 135 |
Average Investment in Impaired Loans | 27 | 89 | 75 |
Interest Income Recognized | 5 | ' | 1 |
Interest Income Recognized Cash Basis | 5 | ' | 1 |
Real estate loans: | ' | ' | ' |
Recorded Balance | 579 | 93 | 75 |
Unpaid Principal Balance | 588 | 93 | 84 |
Specific Allowance | 112 | 58 | 29 |
Average Investment in Impaired Loans | 327 | 77 | 67 |
Interest Income Recognized | 1 | ' | 1 |
Interest Income Recognized Cash Basis | 1 | ' | 1 |
Specific Allowance | 112 | 58 | 29 |
Commercial Real Estate Loans [Member] | ' | ' | ' |
Real estate loans: | ' | ' | ' |
Recorded Balance | ' | 687 | ' |
Unpaid Principal Balance | ' | 704 | ' |
Average Investment in Impaired Loans | ' | 344 | ' |
Interest Income Recognized | ' | 1 | ' |
Interest Income Recognized Cash Basis | ' | 1 | ' |
Real estate loans: | ' | ' | ' |
Recorded Balance | ' | 1,390 | ' |
Unpaid Principal Balance | ' | 1,390 | ' |
Specific Allowance | ' | 250 | ' |
Average Investment in Impaired Loans | ' | 1,436 | 741 |
Interest Income Recognized | ' | 3 | 13 |
Interest Income Recognized Cash Basis | ' | 3 | 13 |
Specific Allowance | ' | 250 | ' |
Construction and Land Development [Member] | ' | ' | ' |
Real estate loans: | ' | ' | ' |
Recorded Balance | 319 | 377 | 354 |
Unpaid Principal Balance | 466 | 651 | 501 |
Average Investment in Impaired Loans | 336 | 189 | 178 |
Interest Income Recognized | ' | 1 | 3 |
Interest Income Recognized Cash Basis | ' | 1 | 3 |
Real estate loans: | ' | ' | ' |
Recorded Balance | ' | 413 | ' |
Unpaid Principal Balance | ' | 451 | ' |
Specific Allowance | ' | 15 | ' |
Average Investment in Impaired Loans | ' | 632 | 426 |
Interest Income Recognized | ' | 1 | 8 |
Interest Income Recognized Cash Basis | ' | 1 | 8 |
Specific Allowance | ' | 15 | ' |
Total Real Estate Loans [Member] | ' | ' | ' |
Real estate loans: | ' | ' | ' |
Recorded Balance | 1,736 | 2,619 | 2,121 |
Unpaid Principal Balance | 2,330 | 3,209 | 2,795 |
Average Investment in Impaired Loans | 1,928 | 2,249 | 1,999 |
Interest Income Recognized | 18 | 5 | 36 |
Interest Income Recognized Cash Basis | 18 | 5 | 36 |
Real estate loans: | ' | ' | ' |
Recorded Balance | 1,143 | 3,065 | 637 |
Unpaid Principal Balance | 1,258 | 3,235 | 686 |
Specific Allowance | 155 | 437 | 92 |
Average Investment in Impaired Loans | 890 | 3,087 | 1,872 |
Interest Income Recognized | 3 | 7 | 34 |
Interest Income Recognized Cash Basis | 3 | 7 | 34 |
Specific Allowance | 155 | 437 | 92 |
Commercial and Industrial [Member] | ' | ' | ' |
Real estate loans: | ' | ' | ' |
Recorded Balance | 3 | 5 | 3 |
Unpaid Principal Balance | 3 | 5 | 3 |
Specific Allowance | 3 | 5 | 3 |
Average Investment in Impaired Loans | 3 | 6 | 5 |
Specific Allowance | 3 | 5 | 3 |
Purchased Indirect Automobile, Net [Member] | ' | ' | ' |
Real estate loans: | ' | ' | ' |
Recorded Balance | ' | 19 | 4 |
Unpaid Principal Balance | ' | 19 | 4 |
Specific Allowance | ' | 5 | 1 |
Average Investment in Impaired Loans | 2 | 22 | 14 |
Specific Allowance | ' | 5 | 1 |
Other Consumer [Member] | ' | ' | ' |
Real estate loans: | ' | ' | ' |
Unpaid Principal Balance | 25 | 21 | 27 |
Interest Income Recognized | 1 | ' | ' |
Interest Income Recognized Cash Basis | 1 | ' | ' |
Total Consumer Loans [Member] | ' | ' | ' |
Real estate loans: | ' | ' | ' |
Unpaid Principal Balance | 25 | 21 | 27 |
Interest Income Recognized | 1 | ' | ' |
Interest Income Recognized Cash Basis | 1 | ' | ' |
Real estate loans: | ' | ' | ' |
Recorded Balance | ' | 24 | 4 |
Unpaid Principal Balance | ' | 24 | 4 |
Specific Allowance | ' | 10 | 1 |
Average Investment in Impaired Loans | 2 | 28 | 14 |
Specific Allowance | ' | 10 | 1 |
Impaired Financing Receivables with a Related Allowance [Member] | ' | ' | ' |
Real estate loans: | ' | ' | ' |
Recorded Balance | 1,146 | ' | ' |
Unpaid Principal Balance | 1,261 | ' | ' |
Specific Allowance | 3 | ' | ' |
Average Investment in Impaired Loans | 895 | ' | ' |
Interest Income Recognized | 3 | ' | ' |
Interest Income Recognized Cash Basis | 3 | ' | ' |
Specific Allowance | $3 | ' | ' |
Note_7_Loans_Details_Nonaccrua
Note 7 - Loans (Details) - Nonaccrual Loans (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Mortgages on real estate: | ' | ' |
Nonaccrual Loans | $2,882 | $2,761 |
One to Four Family [Member] | ' | ' |
Mortgages on real estate: | ' | ' |
Nonaccrual Loans | 1,972 | 2,284 |
Home Equity Lines of Credit and Second Mortgages [Member] | ' | ' |
Mortgages on real estate: | ' | ' |
Nonaccrual Loans | 588 | 120 |
Construction and Land Development [Member] | ' | ' |
Mortgages on real estate: | ' | ' |
Nonaccrual Loans | 319 | 354 |
Commercial and Industrial [Member] | ' | ' |
Mortgages on real estate: | ' | ' |
Nonaccrual Loans | $3 | $3 |
Note_7_Loans_Details_Troubled_
Note 7 - Loans (Details) - Troubled Debt Restructurings (USD $) | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | One to Four Family [Member] | One to Four Family [Member] | Construction and Land Development [Member] | Construction and Land Development [Member] | Total Real Estate Loans [Member] | Total Real Estate Loans [Member] | Performing Financing Receivable [Member] | Performing Financing Receivable [Member] | ||
Performing Financing Receivable [Member] | Performing Financing Receivable [Member] | Performing Financing Receivable [Member] | Performing Financing Receivable [Member] | Performing Financing Receivable [Member] | Performing Financing Receivable [Member] | |||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Troubled Debt Restructurings | $377 | $245 | $2,208 | $1,914 | $319 | $354 | $2,527 | $2,268 | $2,527 | $2,268 |
Note_7_Loans_Details_Troubled_1
Note 7 - Loans (Details) - Troubled Debt Restructuring Activity (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Modifications | 3 | 1 |
Recorded Investment | $377 | $245 |
One to Four Family [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Modifications | 3 | 1 |
Recorded Investment | 377 | 245 |
Total Real Estate Loans [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Modifications | 3 | ' |
Recorded Investment | $377 | ' |
Note_8_Accumulated_Other_Compr2
Note 8 - Accumulated Other Comprehensive Income (Details) - Components of Accumulated Other Comprehensive Income (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 |
Components of Accumulated Other Comprehensive Income [Abstract] | ' | ' |
Net unrealized gain on securities available-for-sale | $41 | $25 |
Tax effect | -14 | -9 |
Net-of-tax amount | $27 | $16 |
Note_9_Income_Taxes_Details
Note 9 - Income Taxes (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Income Tax Disclosure [Abstract] | ' | ' |
Valuation Allowance, Deferred Tax Asset, Change in Amount | $0 | $40 |
Note_9_Income_Taxes_Details_In
Note 9 - Income Taxes (Details) - Income Tax Expense (Benefit) Reconciliation (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Mar. 31, 2013 |
Income Tax Expense (Benefit) Reconciliation [Abstract] | ' | ' |
Computed at the statutory rate (34%) | $118 | $59 |
Decrease resulting from | ' | ' |
Tax exempt interest | -4 | -3 |
Changes in deferred tax valuation allowance | ' | -40 |
Cash surrender value of life insurance | -9 | -10 |
Other | 9 | 8 |
Actual expense | $114 | $14 |
Tax expense as a percentage of pre-tax income | 32.80% | 8.10% |
Note_9_Income_Taxes_Details_In1
Note 9 - Income Taxes (Details) - Income Tax Expense (Benefit) Reconciliation (Parentheticals) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Income Tax Expense (Benefit) Reconciliation [Abstract] | ' | ' |
Statutory Rate | 34.00% | 34.00% |
Note_10_Disclosures_About_Fair2
Note 10 - Disclosures About Fair Value of Assets and Liabilities (Details) - Fair Value Measurements on Recurring Basis (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Available-for-sale securities: | ' | ' |
Available-for-sale securities | $6,968 | $5,545 |
Loan servicing rights | 620 | 620 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Available-for-sale securities | 988 | 982 |
US Government Agencies Debt Securities [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Available-for-sale securities | 988 | 982 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Available-for-sale securities | 560 | 626 |
US Government-sponsored Enterprises Debt Securities [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Available-for-sale securities | 560 | 626 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Available-for-sale securities | 4,409 | 3,429 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Available-for-sale securities | 4,409 | 3,429 |
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Available-for-sale securities | 26 | 29 |
Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Available-for-sale securities | 487 | 479 |
Equity Securities [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Available-for-sale securities | 513 | 508 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Available-for-sale securities | 498 | ' |
Corporate Debt Securities [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Available-for-sale securities | 498 | ' |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Available-for-sale securities: | ' | ' |
Loan servicing rights | $620 | $620 |
Note_10_Disclosures_About_Fair3
Note 10 - Disclosures About Fair Value of Assets and Liabilities (Details) - Mortgage Servicing Rights Fair Value (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Mortgage Servicing Rights Fair Value [Abstract] | ' | ' |
Balance | $620 | $620 |
Balance | $620 | $620 |
Note_10_Disclosures_About_Fair4
Note 10 - Disclosures About Fair Value of Assets and Liabilities (Details) - Fair Value Measurements, Nonrecurring Basis (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 |
In Thousands, unless otherwise specified | |||
Note 10 - Disclosures About Fair Value of Assets and Liabilities (Details) - Fair Value Measurements, Nonrecurring Basis [Line Items] | ' | ' | ' |
Impaired loans | $2,882 | $2,765 | $5,708 |
Collateral Dependent Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' |
Note 10 - Disclosures About Fair Value of Assets and Liabilities (Details) - Fair Value Measurements, Nonrecurring Basis [Line Items] | ' | ' | ' |
Impaired loans | 1,031 | 549 | ' |
Collateral Dependent Impaired Loans [Member] | ' | ' | ' |
Note 10 - Disclosures About Fair Value of Assets and Liabilities (Details) - Fair Value Measurements, Nonrecurring Basis [Line Items] | ' | ' | ' |
Impaired loans | $1,031 | $549 | ' |
Note_10_Disclosures_About_Fair5
Note 10 - Disclosures About Fair Value of Assets and Liabilities (Details) - Unobservable Valuation Information (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Unobservable Inputs | 'PSA standard prepayment model rate | 'PSA standard prepayment model rate |
Collateral Dependent Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value (in Dollars) | 1,031 | 549 |
Valuation Technique | 'Market comparable properties | 'Market comparable properties |
Unobservable Inputs | 'Marketability discount | 'Marketability discount |
Loan Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value (in Dollars) | 620 | ' |
Valuation Technique | 'Discounted cash flow | ' |
Unobservable Inputs | 'Discount rate | ' |
Mortgage Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value (in Dollars) | ' | 620 |
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) | 10.00% | 20.00% |
Minimum [Member] | Loan Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | 8.00% | ' |
Minimum [Member] | Mortgage Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | ' | 8.00% |
Minimum [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | 100.00% | 100.00% |
Maximum [Member] | Collateral Dependent Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | 40.00% | 40.00% |
Maximum [Member] | Loan Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | 12.50% | ' |
Maximum [Member] | Mortgage Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | ' | 12.50% |
Maximum [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | 369.00% | 369.00% |
Weighted Average [Member] | Collateral Dependent Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | -24.00% | -25.00% |
Weighted Average [Member] | Loan Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | -10.00% | ' |
Weighted Average [Member] | Mortgage Servicing Rights [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | ' | -10.43% |
Weighted Average [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range (Weighted Average) | -194.00% | -194.00% |
Note_10_Disclosures_About_Fair6
Note 10 - Disclosures About Fair Value of Assets and Liabilities (Details) - Values of Financial Instrument (USD $) | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||
Financial assets | ' | ' | ' | ' |
Cash and cash equivalents - Carrying Amount | $28,015 | $28,089 | $25,681 | $22,859 |
Interest-bearing deposits with other financial institutions - Carrying Amount | 5,650 | 6,240 | ' | ' |
Interest-bearing deposits with other financial institutions - Fair Value | 1,807 | 1,260 | ' | ' |
Held-to-maturity securities - Carrying Amount | 413 | 833 | ' | ' |
Held-to-maturity securities - Fair Value | 413 | 833 | ' | ' |
Loans, net of allowance for loan losses - Carrying Amount | 114,331 | 116,858 | ' | ' |
Federal Home Loan Bank stock - Carrying Amount | 870 | 870 | ' | ' |
Federal Home Loan Bank stock - Fair Value | 870 | 870 | ' | ' |
Accrued interest receivable - Carrying Amount | 619 | 786 | ' | ' |
Accrued interest receivable - Fair Value | 619 | 786 | ' | ' |
Financial liabilities | ' | ' | ' | ' |
Deposits - Carrying Amount | 133,945 | 133,750 | ' | ' |
Deposits - Fair Value | 133,945 | 133,750 | ' | ' |
Federal Home Loan Bank advances - Carrying Amount | 8,946 | 12,206 | ' | ' |
Advances from borrowers for taxes and insurance - Carrying Amount | 544 | 358 | ' | ' |
Advances from borrowers for taxes and insurance - Fair Value | 544 | 358 | ' | ' |
Accrued interest payable - Carrying Amount | 18 | 19 | ' | ' |
Accrued interest payable - Fair Value | 18 | 19 | ' | ' |
Fair Value, Inputs, Level 1 [Member] | ' | ' | ' | ' |
Financial assets | ' | ' | ' | ' |
Cash and cash equivalents - Fair Value | 28,015 | 28,089 | ' | ' |
Fair Value, Inputs, Level 2 [Member] | ' | ' | ' | ' |
Financial assets | ' | ' | ' | ' |
Interest-bearing deposits with other financial institutions - Fair Value | 5,650 | 6,240 | ' | ' |
Held-to-maturity securities - Carrying Amount | 414 | 839 | ' | ' |
Held-to-maturity securities - Fair Value | 414 | 839 | ' | ' |
Loans, net of allowance for loan losses - Fair Value | 117,438 | 119,462 | ' | ' |
Federal Home Loan Bank stock - Carrying Amount | 870 | 870 | ' | ' |
Federal Home Loan Bank stock - Fair Value | 870 | 870 | ' | ' |
Accrued interest receivable - Carrying Amount | 619 | 786 | ' | ' |
Accrued interest receivable - Fair Value | 619 | 786 | ' | ' |
Financial liabilities | ' | ' | ' | ' |
Deposits - Carrying Amount | 130,853 | 130,206 | ' | ' |
Deposits - Fair Value | 130,853 | 130,206 | ' | ' |
Federal Home Loan Bank advances - Fair Value | 9,098 | 12,377 | ' | ' |
Advances from borrowers for taxes and insurance - Carrying Amount | 544 | 358 | ' | ' |
Advances from borrowers for taxes and insurance - Fair Value | 544 | 358 | ' | ' |
Accrued interest payable - Carrying Amount | 18 | 19 | ' | ' |
Accrued interest payable - Fair Value | $18 | $19 | ' | ' |