Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 05, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'Park Sterling Corp | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 44,776,936 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0001507277 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | |
In Thousands, unless otherwise specified | |||
ASSETS | ' | ' | |
Cash and due from banks | $11,780 | $36,716 | [1] |
Interest-earning balances at banks | 40,222 | 101,431 | [1] |
Federal funds sold | 695 | 45,995 | [1] |
Investment securities available-for-sale, at fair value | 328,396 | 245,571 | [1] |
Investment securities held-to-maturity (fair value of $26,680 and $0, respectively) | 26,636 | 0 | [1] |
Nonmarketable equity securities | 6,805 | 7,422 | [1] |
Loans held for sale | 3,070 | 14,147 | [1] |
Loans: | ' | ' | |
Non-covered | 1,240,307 | 1,254,954 | [1] |
Covered | 76,035 | 101,753 | [1] |
Less allowance for loan losses | -8,652 | -10,591 | [1] |
Net loans | 1,307,690 | 1,346,116 | [1] |
Premises and equipment, net | 56,670 | 57,222 | [1] |
Bank-owned life insurance | 47,485 | 46,133 | [1] |
Deferred tax asset | 38,528 | 41,025 | [1] |
Other real estate owned - non-covered | 8,708 | 18,427 | [1] |
Other real estate owned - covered | 6,173 | 6,646 | [1] |
Goodwill | 26,589 | 26,589 | [1] |
FDIC indemnification asset | 13,959 | 18,697 | [1] |
Core deposit intangible | 8,886 | 9,658 | [1] |
Accrued interest receivable | 4,006 | 3,821 | [1] |
Other assets | 3,762 | 7,446 | [1] |
Total assets | 1,940,060 | 2,033,062 | [1] |
Deposits: | ' | ' | |
Noninterest-bearing | 262,114 | 243,495 | [1] |
Interest-bearing | 1,293,849 | 1,388,509 | [1] |
Total deposits | 1,555,963 | 1,632,004 | [1] |
Short-term borrowings | 2,702 | 10,143 | [1] |
FHLB advances | 75,000 | 70,000 | [1] |
Subordinated debt | 21,932 | 21,573 | [1] |
Accrued interest payable | 425 | 516 | [1] |
Accrued expenses and other liabilities | 24,285 | 23,124 | [1] |
Total liabilities | 1,680,307 | 1,757,360 | [1] |
Shareholders' equity: | ' | ' | |
Preferred stock, no par value 5,000,000 shares authorized; 0 and 20,500 issued and outstanding at September 30, 2013 and December 31, 2012, respectively | 0 | 20,500 | [1] |
Common stock, $1.00 par value 200,000,000 shares authorized;44,761,384 and 44,575,853 shares issued and outstanding at September 30, 2013and December 31, 2012, respectively | 44,761 | 44,576 | [1] |
Additional paid-in capital | 222,559 | 220,996 | [1] |
Accumulated deficit | -3,549 | -13,568 | [1] |
Accumulated other comprehensive income (loss) | -4,018 | 3,198 | [1] |
Total shareholders' equity | 259,753 | 275,702 | [1] |
Total liabilities and shareholders' equity | $1,940,060 | $2,033,062 | [1] |
[1] | Derived from audited financial statements. |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | |
In Thousands, except Share data, unless otherwise specified | |||
Investment securities held-to-maturity, fair value (in Dollars) | $26,680 | $0 | [1] |
Preferred stock, par value (in Dollars per share) | $0 | $0 | [1] |
Preferred stock, shares authorized (in Shares) | 5,000,000 | 5,000,000 | [1] |
Preferred stock, shares issued (in Shares) | 0 | 20,500 | [1] |
Preferred stock, shares outstanding (in Shares) | 0 | 20,500 | [1] |
Common stock, par value (in Dollars per share) | $1 | $1 | [1] |
Common stock, shares authorized (in Shares) | 200,000,000 | 200,000,000 | [1] |
Common stock, shares outstanding (in Shares) | 44,761,384 | 44,575,853 | [1] |
Common stock, shares issued (in Shares) | 44,761,384 | 44,575,853 | [1] |
[1] | Derived from audited financial statements. |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Interest income | ' | ' | ' | ' |
Loans, including fees | $17,970 | $10,346 | $54,916 | $32,873 |
Federal funds sold | ' | 16 | 24 | 38 |
Taxable investment securities | 1,494 | 826 | 3,429 | 2,814 |
Tax-exempt investment securities | 187 | 187 | 571 | 559 |
Nonmarketable equity securities | 37 | 22 | 109 | 114 |
Interest on deposits at banks | 48 | 34 | 154 | 73 |
Total interest income | 19,736 | 11,431 | 59,203 | 36,471 |
Interest expense | ' | ' | ' | ' |
Money market, NOW and savings deposits | 399 | 339 | 1,186 | 998 |
Time deposits | 455 | 632 | 1,590 | 2,174 |
Short-term borrowings | ' | ' | 7 | 3 |
FHLB advances | 137 | 149 | 411 | 457 |
Subordinated debt | 431 | 340 | 1,288 | 1,047 |
Total interest expense | 1,422 | 1,460 | 4,482 | 4,679 |
Net interest income | 18,314 | 9,971 | 54,721 | 31,792 |
Provision for loan losses | -419 | 7 | -35 | 1,029 |
Net interest income after provision for loan losses | 18,733 | 9,964 | 54,756 | 30,763 |
Noninterest income | ' | ' | ' | ' |
Service charges on deposit accounts | 637 | 324 | 2,016 | 935 |
Income from fiduciary activities | 795 | 605 | 2,041 | 1,700 |
Commissions and fees from investment brokerage | 115 | 61 | 308 | 226 |
Gain on sale of securities available for sale | ' | 989 | 104 | 1,478 |
Bankcard services income | 639 | 174 | 1,818 | 560 |
Mortgage banking income | 401 | 662 | 2,346 | 1,663 |
Income from bank-owned life insurance | 537 | 294 | 1,447 | 813 |
Other noninterest income | 133 | 209 | 603 | 328 |
Total noninterest income | 3,257 | 3,318 | 10,683 | 7,703 |
Noninterest expense | ' | ' | ' | ' |
Salaries and employee benefits | 8,606 | 6,314 | 26,185 | 18,303 |
Occupancy and equipment | 1,861 | 928 | 5,750 | 2,712 |
Advertising and promotion | 186 | 144 | 556 | 413 |
Legal and professional fees | 732 | 1,181 | 2,486 | 2,113 |
Deposit charges and FDIC insurance | 372 | 261 | 1,268 | 777 |
Data processing and outside service fees | 1,268 | 784 | 4,561 | 2,772 |
Communication fees | 432 | 198 | 1,312 | 626 |
Core deposit intangible amortization | 257 | 102 | 772 | 307 |
Net cost (earnings) of operation of other real estate owned | 142 | 964 | -323 | 2,295 |
Loan and collection expense | 556 | 434 | 1,560 | 974 |
Postage and supplies | 188 | 112 | 815 | 431 |
Other tax expense | 128 | 70 | 431 | 208 |
Other noninterest expense | 942 | 711 | 3,002 | 1,979 |
Total noninterest expense | 15,670 | 12,203 | 48,375 | 33,910 |
Income before income taxes | 6,320 | 1,079 | 17,064 | 4,556 |
Income tax expense | 2,106 | 459 | 5,798 | 1,535 |
Net income | 4,214 | 620 | 11,266 | 3,021 |
Preferred dividends | ' | ' | 353 | ' |
Net income to common shareholders | $4,214 | $620 | $10,913 | $3,021 |
Basic earnings per common share (in Dollars per share) | $0.10 | $0.02 | $0.25 | $0.09 |
Diluted earnings per common share (in Dollars per share) | $0.10 | $0.02 | $0.25 | $0.09 |
Dividends per common share (in Dollars per share) | $0.02 | ' | $0.02 | ' |
Weighted-average common shares outstanding | ' | ' | ' | ' |
Basic (in Shares) | 44,170,964 | 32,138,367 | 44,098,417 | 32,111,466 |
Diluted (in Shares) | 44,273,821 | 32,138,554 | 44,172,469 | 32,111,527 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statemenets of Comprehensive Income (Loss) (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Net income | $4,214 | $620 | $11,266 | $3,021 |
Unrealized holding gains (losses) on available-for-sale securities | -1,286 | 1,773 | -11,403 | 3,366 |
Income tax effect | 478 | -665 | 4,242 | -1,173 |
Reclassification of gains recognized in net income, reported as gain on sale of securities available for sale on the condensed consolidated statement of income | ' | -989 | -104 | -1,478 |
Income tax effect | ' | 371 | 49 | 515 |
Total other comprehensive income (loss) | -808 | 490 | -7,216 | 1,230 |
Total comprehensive income | $3,406 | $1,110 | $4,050 | $4,251 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (USD $) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Total | |
In Thousands, except Share data, unless otherwise specified | |||||||
Balance at Dec. 31, 2011 | ' | $32,644 | $172,390 | ($17,860) | $2,880 | $190,054 | |
Balance (in Shares) at Dec. 31, 2011 | ' | 32,643,627 | ' | ' | ' | ' | |
Issuance of restricted stock grants | ' | 63 | -63 | ' | ' | ' | |
Issuance of restricted stock grants (in Shares) | ' | 63,000 | ' | ' | ' | ' | |
Share-based compensation expense | ' | ' | 1,499 | ' | ' | 1,499 | |
Comprehensive income: | ' | ' | ' | ' | ' | ' | |
Net income (loss) | ' | ' | ' | 3,021 | ' | 3,021 | |
Unrealized holding gains (losses) on available-for-sale securities, net of taxes | ' | ' | ' | ' | 1,230 | 1,230 | |
Balance at Sep. 30, 2012 | ' | 32,707 | 173,826 | -14,839 | 4,110 | 195,804 | |
Balance (in Shares) at Sep. 30, 2012 | ' | 32,706,627 | ' | ' | ' | ' | |
Balance at Dec. 31, 2012 | 20,500 | 44,576 | 220,996 | -13,568 | 3,198 | 275,702 | [1] |
Balance (in Shares) at Dec. 31, 2012 | 20,500 | 44,575,853 | ' | ' | ' | ' | |
Redemption of preferred stock | -20,500 | ' | ' | ' | ' | -20,500 | |
Redemption of preferred stock (in Shares) | -20,500 | ' | ' | ' | ' | ' | |
Issuance of restricted stock grants | ' | 151 | -151 | ' | ' | ' | |
Issuance of restricted stock grants (in Shares) | ' | 151,500 | ' | ' | ' | ' | |
Forfeitures of restricted stock grants | ' | -21 | 21 | ' | ' | ' | |
Forfeitures of restricted stock grants (in Shares) | ' | -21,360 | ' | ' | ' | ' | |
Exercise of stock options | ' | 55 | 225 | ' | ' | 280 | |
Exercise of stock options (in Shares) | ' | 55,391 | ' | ' | ' | ' | |
Share-based compensation expense | ' | ' | 1,468 | ' | ' | 1,468 | |
Dividends on preferred stock | ' | ' | ' | -353 | ' | -353 | |
Dividends on common stock | ' | ' | ' | -894 | ' | -894 | |
Comprehensive income: | ' | ' | ' | ' | ' | ' | |
Net income (loss) | ' | ' | ' | 11,266 | ' | 11,266 | |
Unrealized holding gains (losses) on available-for-sale securities, net of taxes | ' | ' | ' | ' | -7,216 | -7,216 | |
Balance at Sep. 30, 2013 | ' | $44,761 | $222,559 | ($3,549) | ($4,018) | $259,753 | |
Balance (in Shares) at Sep. 30, 2013 | ' | 44,761,384 | ' | ' | ' | ' | |
[1] | Derived from audited financial statements. |
Condensed_Consolidated_Stateme3
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Cash flows from operating activities | ' | ' |
Net income | $11,266,000 | $3,021,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Accretion on acquired loans | -6,314,000 | -4,549,000 |
Net amortization on investments | 1,350,000 | 895,000 |
Other depreciation and amortization | 5,848,000 | 1,309,000 |
Provision for (release of provision for) loan losses | -35,000 | 1,029,000 |
Share-based compensation expense | 1,468,000 | 1,499,000 |
Deferred income taxes | 6,787,000 | 1,405,000 |
Amortization of FDIC indemnification asset | 209,000 | 0 |
Net gains on sales of investment securities available-for-sale | -104,000 | -1,478,000 |
Net gains on sales of loans held for sale | -1,293,000 | -742,000 |
Net (gains) losses on sales of premises and equipment | -18,000 | 78,000 |
Net gains on sales of other real estate owned | -1,664,000 | -109,000 |
Writedowns on other real estate owned | 1,152,000 | 1,797,000 |
Income from bank-owned life insurance | -1,447,000 | -813,000 |
Proceeds from loans held for sale | 93,800,000 | 48,151,000 |
Disbursements for loans held for sale | -81,430,000 | -47,250,000 |
Change in assets and liabilities: | ' | ' |
Increase in FDIC indemnification asset | -1,576,000 | 0 |
(Increase) decrease in accrued interest receivable | -185,000 | 1,193,000 |
Decrease in other assets | 2,388,000 | 2,604,000 |
Decrease in accrued interest payable | -91,000 | -1,341,000 |
Increase in accrued expenses and other liabilities | 1,520,000 | 1,149,000 |
Net cash provided by operating activities | 31,631,000 | 7,848,000 |
Cash flows from investing activities | ' | ' |
Net decrease in loans | 35,245,000 | 45,156,000 |
Purchases of premises and equipment | -1,988,000 | -3,414,000 |
Proceeds from sales of premises and equipment | 73,000 | 120,000 |
Purchases of investment securities available-for-sale | -154,459,000 | -51,719,000 |
Purchases of investment securities held-to-maturity | -27,284,000 | 0 |
Proceeds from sales of investment securities available-for-sale | 22,815,000 | 46,367,000 |
Proceeds from maturities and call of investment securities available-for-sale | 37,936,000 | 31,167,000 |
Proceeds from maturities of investment securities held-to-maturity | 171,000 | 0 |
FDIC reimbursement of recoverable covered asset losses | 6,104,000 | 0 |
Proceeds from sale of other real estate owned | 17,642,000 | 7,151,000 |
Net redemptions of nonmarketable equity securities | 617,000 | 3,911,000 |
Net cash provided (used) by investing activities | -63,128,000 | 78,739,000 |
Cash flows from financing activities | ' | ' |
Net decrease in deposits | -76,040,000 | -14,962,000 |
Advances of long-term borrowings | 5,000,000 | 15,000,000 |
Decrease in short-term borrowings | -7,441,000 | -8,630,000 |
Redemption of preferred stock | -20,500,000 | 0 |
Exercise of stock options | 280,000 | 0 |
Payment of preferred dividends | -353,000 | 0 |
Payment of common dividends | -894,000 | 0 |
Net cash used by financing activities | -99,948,000 | -8,592,000 |
Net increase (decrease) in cash and cash equivalents | -131,445,000 | 77,995,000 |
Cash and cash equivalents, beginning | 184,142,000 | 28,541,000 |
Cash and cash equivalents, ending | 52,697,000 | 106,536,000 |
Supplemental disclosures of cash flow information: | ' | ' |
Cash paid for interest | 4,573,000 | 6,020,000 |
Cash paid for income taxes | 74,000 | 94,000 |
Supplemental disclosure of noncash investing and financing activities: | ' | ' |
Change in unrealized gain on available-for-sale securities, net of tax | -7,216,000 | 1,230,000 |
Transfer from other assets to investment securities available-for-sale | 1,393,000 | 0 |
Loans transferred to other real estate owned | $6,938,000 | $7,464,000 |
Note_1_Basis_of_Presentation
Note 1 - Basis of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Disclosure Text Block [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
Note 1 – Basis of Presentation | |
Park Sterling Corporation (the “Company”) was formed on October 6, 2010 to serve as the holding company for Park Sterling Bank (the “Bank”) and is a bank holding company registered with the Board of Governors of the Federal Reserve System (the “Federal Reserve Board”). At September 30, 2013 and December 31, 2012, the Company’s primary operations and business were that of owning the Bank. | |
The accompanying unaudited condensed consolidated financial statements and notes have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information or footnotes necessary for a complete presentation of financial position, results of operations and cash flows in conformity with GAAP. Because the accompanying unaudited condensed consolidated financial statements do not include all of the information and footnotes required by GAAP, they should be read in conjunction with the Company’s audited consolidated financial statements and accompanying footnotes (the “2012 Audited Financial Statements”) included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2012 filed with the Securities and Exchange Commission (“SEC”) on March 15, 2013 (the “2012 Form 10-K”). | |
In management’s opinion, the accompanying unaudited condensed consolidated financial statements reflect all normal, recurring adjustments necessary to present fairly the financial position of the Company as of September 30, 2013 and December 31, 2012, and the results of its operations and cash flows for the three- and nine-months ended September 30, 2013 and 2012. Operating results for the three- and nine-month periods ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year or for other interim periods. | |
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are susceptible to significant change in the near term are the valuation of purchased credit-impaired (“PCI”) loans, the valuation of the allowance for loan losses, the determination of the need for a deferred tax asset valuation allowance and the fair value of financial instruments and other accounts. | |
Tabular information, other than share and per share data, is presented in thousands of dollars. Certain amounts reported in prior periods have been reclassified to conform to the current period presentation. |
Note_2_Recent_Accounting_Prono
Note 2 - Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2013 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ' |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | ' |
Note 2 - Recent Accounting Pronouncements | |
In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-02, "Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income" ("ASU 2013-02"). This guidance is the culmination of the FASB's deliberation on reporting reclassification adjustments from accumulated other comprehensive income ("AOCI"). The amendments in ASU 2013-02 do not change the current requirements for reporting net income or other comprehensive income. However, the amendments require disclosure of amounts reclassified out of AOCI in its entirety, by component, on the face of the statement of income or in the notes thereto. Amounts that are not required to be reclassified in their entirety to net income must be cross-referenced to other disclosures that provide additional detail. This standard is effective prospectively for annual and interim reporting periods beginning after December 15, 2012. The Company has adopted this standard and the required disclosures are presented in the condensed consolidated financial statements. | |
In July 2013, the FASB issued ASU No. 2013-11, “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (a consensus of the FASB Emerging Issues Task Force), to eliminate the diversity in practice regarding presentation of unrecognized tax benefits in the statement of financial position. Under the provisions of the ASU, an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset unless certain criteria are met. The standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Early adoption is permitted. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. Management does not expect this standard to have a material impact on the Company’s consolidated financial statements. | |
In July 2013, the FASB issued ASU No. 2013-10, “Derivatives and Hedging (Topic 815): Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes” (a consensus of the FASB Emerging Issues Task Force). The ASU permits the Fed Funds Effective Swap Rate to be used as a U.S. benchmark interest rate for hedge accounting purposes, in addition to United States Treasury rates and the London InterBank Offered Rate (“LIBOR”). The amendments also remove the restriction on using different benchmark rates for similar hedges. The standard is effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. Management does not expect this standard to have a material impact on the Company’s consolidated financial statements. |
Note_3_Business_Combinations
Note 3 - Business Combinations | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||
Business Combination Disclosure [Text Block] | ' | ||||||||||||
Note 3– Business Combinations and Goodwill | |||||||||||||
Business Combinations | |||||||||||||
Generally, acquisitions are accounted for under the acquisition method of accounting in accordance with FASB Accounting Standards Codification (“ASC”) 805, Business Combinations. Both the purchased assets and liabilities assumed are recorded at their respective acquisition date fair values. Determining the fair value of assets and liabilities, especially the loan portfolio, is a complicated process involving significant judgment regarding methods and assumptions used to calculate estimated fair values. Fair values are preliminary and subject to refinement for up to one year after the closing date of the acquisition as additional information regarding the closing date fair values becomes available. | |||||||||||||
Citizens South | |||||||||||||
On October 1, 2012, Citizens South Banking Corporation (“Citizens South”) was merged with and into the Company, with the Company as the surviving legal entity, in accordance with an Agreement and Plan of Merger dated as of May 13, 2012. Under the terms of the Citizens South merger agreement, Citizens South stockholders received either $7.00 in cash or 1.4799 shares of the Company’s Common Stock for each Citizens South share they owned immediately prior to the merger, subject to the limitation that the total consideration paid in the merger would consist of 30% in cash and 70% in Common Stock. The Citizens South merger was structured to be tax-free to Citizens South stockholders with respect to the shares of Common Stock received in the merger and taxable with respect to the cash received in the merger. Cash was paid in lieu of fractional shares. The aggregate merger consideration consisted of 11,857,226 shares of Common Stock and $24.3 million in cash. Based on the $4.94 per share closing price of the Common Stock on September 28, 2012, the last trading date prior to consummation of the merger, the transaction value was $82.9 million. In addition, in connection with the merger, the preferred stock previously issued by Citizens South to the United States Department of the Treasury (the “Treasury”) in connection with Citizens South’s participation in the Small Business Lending Fund (“SBLF”) program was converted to 20,500 shares of a substantially identical newly created series of the Company’s preferred stock. See Note 10 – Preferred Stock for further discussion. | |||||||||||||
Citizens South operated 21 full service branches in North Carolina, South Carolina and Georgia at the date of acquisition. The acquisition of Citizens South was part of the Company’s business plan seeking accelerated organic growth and to acquire regional and community banks in the Carolinas and Virginia. | |||||||||||||
The assets and liabilities assumed from Citizens South were recorded at their fair value as of the closing date of the merger. Goodwill of $22.5 million was initially recorded at the time of acquisition. As a result of refinements to the fair value mark on loans, bank-owned life insurance, other real estate owned (“OREO”), the FDIC indemnification asset, deferred tax assets (“DTAs”), other assets, and other liabilities, goodwill as indicated below is $3.5 million greater than the goodwill estimated in the Company’s 2012 Audited Financial Statements. Goodwill as of December 31, 2012 has been retrospectively adjusted. The following table summarizes the consideration paid by the Company in the merger with Citizens South and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date: | |||||||||||||
As Recorded | Fair Value and Other | As Recorded | |||||||||||
by | Merger Related | by the Company | |||||||||||
Citizens South | Adjustments | ||||||||||||
Consideration Paid | |||||||||||||
Cash | $ | 24,283 | |||||||||||
Common shares issued (11,857,226 shares) | 58,575 | ||||||||||||
Fair value of noncontrolling interest | 20,500 | ||||||||||||
Fair Value of Total Consideration Transferred | $ | 103,358 | |||||||||||
Recognized amounts of identifiable assets acquired and liabilities assumed: | |||||||||||||
Cash and cash equivalents | $ | 48,661 | $ | - | $ | 48,661 | |||||||
Securities | 88,068 | 2,275 | 90,343 | ||||||||||
Nonmarketable equity securities | 5,390 | - | 5,390 | ||||||||||
Loans held for sale | 1,695 | - | 1,695 | ||||||||||
Loans, net of allowance | 694,016 | (12,340 | ) | 681,676 | |||||||||
Premises and equipment | 25,443 | 4,326 | 29,769 | ||||||||||
Core deposit intangibles | 1,032 | 5,168 | 6,200 | ||||||||||
Other real estate owned | 18,957 | (3,169 | ) | 15,788 | |||||||||
Bank owned life insurance | 18,879 | (79 | ) | 18,800 | |||||||||
Deferred tax asset | 3,560 | (728 | ) | 2,832 | |||||||||
FDIC indemnification asset | 20,652 | 1,846 | 22,498 | ||||||||||
Other assets | 4,338 | (238 | ) | 4,100 | |||||||||
Total assets acquired | $ | 930,691 | $ | (2,939 | ) | $ | 927,752 | ||||||
Deposits | $ | 826,134 | $ | 2,166 | $ | 828,300 | |||||||
Short term borrowings | 7,678 | - | 7,678 | ||||||||||
Junior subordinated debt | 15,464 | (6,627 | ) | 8,837 | |||||||||
Other liabilities | 418 | 5,128 | 5,546 | ||||||||||
Total liabilities assumed | $ | 849,694 | $ | 667 | $ | 850,361 | |||||||
Total identifiable assets | $ | 80,997 | $ | (3,606 | ) | $ | 77,391 | ||||||
Goodwill resulting from acquisition | $ | 25,967 | |||||||||||
Goodwill | |||||||||||||
Goodwill represents the excess of the purchase price over the sum of the estimated fair values of the tangible and identifiable intangible assets acquired less the estimated fair value of the liabilities assumed. Goodwill has an indefinite useful life and is evaluated for impairment annually or more frequently if events and circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount exceeds the asset’s fair value. | |||||||||||||
The goodwill impairment analysis is a two-step test. The first step, used to identify potential impairment, involves comparing the reporting unit’s estimated fair value to its carrying value, including goodwill. If the estimated fair value of a reporting unit exceeds its carrying value, there is an indication of potential impairment and the second step is performed to measure the amount of impairment of goodwill assigned to that reporting unit. | |||||||||||||
If required, the second step involves calculating an implied fair value of goodwill for each reporting unit for which the first step indicated impairment. The implied fair value of goodwill is determined in a manner similar to the amount of goodwill calculated in a business combination, by measuring the excess of the estimated fair value of the reporting unit, as determined in the first step, over the aggregate estimated fair values of the individual assets, liabilities and identifiable intangibles as if the reporting unit was being acquired in a business combination. If the implied fair value of goodwill exceeds the carrying value of the goodwill assigned to the reporting unit, there is no impairment. If the carrying value of goodwill assigned to a reporting unit exceeds the implied fair value of the goodwill, an impairment charge is recorded for the excess. An impairment loss cannot exceed the carrying value of goodwill assigned to a reporting unit, and the loss establishes a new basis of goodwill. | |||||||||||||
In September 2011, the FASB issued ASU 2011-08, which gives entities the option of first performing a qualitative assessment to test goodwill for impairment on a reporting-unit-by reporting-unit basis. If, after performing the qualitative assessment, an entity concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, the entity would perform the two-step goodwill impairment test described in ASC 350. However, if, after applying the qualitative assessment, the entity concludes that it is not more likely than not that the fair value is less than the carrying amount, the two-step goodwill impairment test is not required. | |||||||||||||
The Company performed the first step as outlined in ASU 2011-08 in assessing the carrying value of goodwill related to the mergers with Community Capital and Citizens South as of September 30, 2013, its annual test date, and determined that it was unlikely that the fair value was less than the carrying amount and that no further testing or impairment charge was necessary. Additionally, should the Company’s future earnings and cash flows decline and/or discount rates increase, an impairment charge to goodwill and other intangible assets may be required. There have been no events subsequent to the September 30, 2013 evaluation that caused the Company to perform an interim review of the carrying value of goodwill related to either the merger with Community Capital or the merger with Citizens South. |
Note_4_Investment_Securities
Note 4 - Investment Securities | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ' | ||||||||||||||||||||||||
Note 4 - Investment Securities | |||||||||||||||||||||||||
The amortized cost, unrealized gains and losses, and estimated fair value of securities available-for-sale and securities held-to-maturity at September 30, 2013 and December 31, 2012 are as follows: | |||||||||||||||||||||||||
Amortized Cost and Fair Value of Investment Portfolio | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. Government agencies | $ | 514 | $ | 49 | $ | - | $ | 563 | |||||||||||||||||
Municipal securities | 15,830 | 784 | - | 16,614 | |||||||||||||||||||||
Residential agency mortgage-backed securities (MBS) | 93,744 | 1,265 | (349 | ) | 94,660 | ||||||||||||||||||||
Commercial MBS | 66,739 | - | (4,678 | ) | 62,061 | ||||||||||||||||||||
All other debt securities | 156,562 | 324 | (4,227 | ) | 152,659 | ||||||||||||||||||||
All other equity securities | 1,393 | 446 | - | 1,839 | |||||||||||||||||||||
$ | 334,782 | $ | 2,868 | $ | (9,254 | ) | $ | 328,396 | |||||||||||||||||
Securities held-to-maturity: | |||||||||||||||||||||||||
Residential agency MBS | $ | 15,748 | $ | 143 | $ | - | $ | 15,891 | |||||||||||||||||
All other debt securities | 10,888 | 78 | (177 | ) | 10,789 | ||||||||||||||||||||
$ | 26,636 | $ | 221 | $ | (177 | ) | $ | 26,680 | |||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. Government agencies | $ | 518 | $ | 65 | $ | - | $ | 583 | |||||||||||||||||
Municipal securities | 16,258 | 1,727 | - | 17,986 | |||||||||||||||||||||
Residential agency MBS | 156,492 | 3,188 | (567 | ) | 159,113 | ||||||||||||||||||||
All other debt securities | 67,181 | 1,017 | (309 | ) | 67,889 | ||||||||||||||||||||
$ | 240,450 | $ | 5,997 | $ | (876 | ) | $ | 245,571 | |||||||||||||||||
At September 30, 2013 and December 31, 2012, investment securities with a fair market value of $94.1 million and $102.5 million, respectively, were pledged to secure public and trust deposits and for other purposes as required and permitted by law. | |||||||||||||||||||||||||
At September 30, 2013, commercial MBS include $56.3 million of delegated underwriting and servicing (“DUS”) bonds collateralized by multi-family properties and backed by an agency of the U.S. government, and $5.7 million of private-label securities collateralized by commercial properties. There were no commercial MBS at December 31, 2012. | |||||||||||||||||||||||||
At September 30, 2013, all other debt securities include $5.7 million of asset-backed securities which are equally collateralized by the Federal family education loan program and private student loan program. There were no private-label asset-backed securities at December 31, 2012. | |||||||||||||||||||||||||
The amortized cost and fair value of investment securities at September 30, 2013 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. All of the Company’s residential MBS are backed by an agency of the U.S. government. None of our residential MBS are private-label securities. | |||||||||||||||||||||||||
Maturities of Investment Portfolio | |||||||||||||||||||||||||
Securities Available-for-Sale | Securities Held-to-Maturity | ||||||||||||||||||||||||
Amortized | Fair | Amortized | Fair | ||||||||||||||||||||||
Cost | Value | Cost | Value | ||||||||||||||||||||||
(Dollars in thousands) | (Dollars in thousands) | ||||||||||||||||||||||||
U.S. Government agencies | |||||||||||||||||||||||||
Due after one year through five years | $ | 514 | $ | 563 | $ | - | $ | - | |||||||||||||||||
Municipal securities | |||||||||||||||||||||||||
Due under one year | 450 | 455 | - | - | |||||||||||||||||||||
Due after ten years | 15,380 | 16,159 | - | - | |||||||||||||||||||||
Residential agency MBS | |||||||||||||||||||||||||
Due after five years through ten years | 21,880 | 22,013 | - | - | |||||||||||||||||||||
Due after ten years | 71,864 | 72,647 | 15,748 | 15,891 | |||||||||||||||||||||
Commercial MBS | |||||||||||||||||||||||||
Due after five years through ten years | 66,739 | 62,061 | - | - | |||||||||||||||||||||
All other debt securities | |||||||||||||||||||||||||
Due after five years through ten years | 8,317 | 8,193 | - | - | |||||||||||||||||||||
Due after ten years | 148,245 | 144,466 | 10,888 | 10,789 | |||||||||||||||||||||
All other equity securities | 1,393 | 1,839 | - | - | |||||||||||||||||||||
$ | 334,782 | $ | 328,396 | $ | 26,636 | $ | 26,680 | ||||||||||||||||||
Securities available-for-sale of $22.8 million were sold in the nine months ended September 30, 2013 resulting in a gross gain of $0.1 million. There were no sales of securities available-for-sale during the three months ended September 30, 2013. During the nine months ended September 30, 2012, the Company sold $46.4 million of securities available-for-sale, resulting in a gross gain of $1.5 million. During the three months ended September 30, 2012, the Company sold $23.9 million of securities available-for-sale, resulting in a gross gain of $1.0 million. | |||||||||||||||||||||||||
Management periodically evaluates each investment security for other than temporary impairment, relying primarily on industry analyst reports, observation of market conditions and interest rate fluctuations. The following table shows gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, for investment securities with unrealized losses at September 30, 2013 and December 31, 2012. Since none of the unrealized losses relate to the marketability of the securities or the issuer’s ability to honor redemption obligations, and it is more likely than not that the Company will not have to sell the investments before recovery of their amortized cost basis, none of the securities are deemed to be other than temporarily impaired. At September 30, 2013 and December 31, 2012, one corporate debt security has been in a continuous loss position for twelve months or more. This unrealized loss is due to market volatility and uncertainty since the security was purchased. Management believes that the unrealized losses are temporary and fully expects to collect all cash flows. | |||||||||||||||||||||||||
Investment Portfolio Gross Unrealized Losses and Fair Value | |||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
Residential agency MBS | $ | 22,670 | $ | (349 | ) | $ | - | $ | - | $ | 22,670 | $ | (349 | ) | |||||||||||
Commercial MBS | 62,061 | (4,678 | ) | - | - | 62,061 | (4,678 | ) | |||||||||||||||||
All other debt securities | 113,309 | (4,137 | ) | 410 | (90 | ) | 113,719 | (4,227 | ) | ||||||||||||||||
$ | 198,040 | $ | (9,164 | ) | $ | 410 | $ | (90 | ) | $ | 198,450 | $ | (9,254 | ) | |||||||||||
Securities held-to-maturity: | |||||||||||||||||||||||||
All other debt securities | $ | 5,658 | $ | (177 | ) | $ | - | $ | - | $ | 5,658 | $ | (177 | ) | |||||||||||
$ | 5,658 | $ | (177 | ) | $ | - | $ | - | $ | 5,658 | $ | (177 | ) | ||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
Residential agency MBS | $ | 40,041 | $ | (567 | ) | $ | - | $ | - | $ | 40,041 | $ | (567 | ) | |||||||||||
All other debt securities | 30,931 | (224 | ) | 415 | (85 | ) | 31,346 | (309 | ) | ||||||||||||||||
$ | 70,972 | $ | (791 | ) | $ | 415 | $ | (85 | ) | $ | 71,387 | $ | (876 | ) | |||||||||||
The Company has nonmarketable equity securities consisting of investments in several financial institutions and the investments in CSBC Statutory Trust I and Community Capital Corporation Statutory Trust I. These investments totaled $6.8 million at September 30, 2013 and $7.4 million at December 31, 2012. Included in these amounts at September 30, 2013 and December 31, 2012 was $5.8 million and $6.3 million, respectively, of Federal Home Loan Bank (“FHLB”) stock. All nonmarketable equity securities were evaluated for impairment as of September 30, 2013 and December 31, 2012. The following factors have been considered in determining the carrying amount of FHLB stock: (1) management’s current belief that the Company has sufficient liquidity to meet all operational needs in the foreseeable future and would not need to dispose of the stock below recorded amounts, (2) management’s belief that the FHLB has the ability to absorb economic losses given the expectation that the FHLB has a high degree of government support and (3) redemptions and purchases of the stock are at the discretion of the FHLB. At September 30, 2013 and December 31, 2012, the Company estimated that the fair values of nonmarketable equity securities equaled or exceeded the cost of each of these investments, and, therefore, the investments were not impaired. |
Note_5_Loans_and_Allowance_for
Note 5 - Loans and Allowance for Loan Losses | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||
Note 5 – Loans and Allowance for Loan Losses | |||||||||||||||||||||||||||||||||||||||||
The Company’s loan portfolio was comprised of the following at: | |||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||
PCI loans | All other | Total | PCI loans | All other | Total | ||||||||||||||||||||||||||||||||||||
loans | loans | ||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 6,488 | $ | 125,035 | $ | 131,523 | $ | 7,323 | $ | 111,809 | $ | 119,132 | |||||||||||||||||||||||||||||
Commercial real estate (CRE) - owner-occupied | 39,545 | 233,795 | 273,340 | 44,925 | 254,491 | 299,416 | |||||||||||||||||||||||||||||||||||
CRE - investor income producing | 64,087 | 307,816 | 371,903 | 85,959 | 285,998 | 371,957 | |||||||||||||||||||||||||||||||||||
Acquisition, construction and development (AC&D) | 29,165 | 113,619 | 142,784 | 39,541 | 101,120 | 140,661 | |||||||||||||||||||||||||||||||||||
Other commercial | 142 | 3,799 | 3,941 | 742 | 4,886 | 5,628 | |||||||||||||||||||||||||||||||||||
Total commercial loans | 139,427 | 784,064 | 923,491 | 178,490 | 758,304 | 936,794 | |||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 34,784 | 139,996 | 174,780 | 40,483 | 148,049 | 188,532 | |||||||||||||||||||||||||||||||||||
Home equity lines of credit (HELOC) | 1,736 | 144,748 | 146,484 | 1,949 | 161,676 | 163,625 | |||||||||||||||||||||||||||||||||||
Residential construction | 7,459 | 39,040 | 46,499 | 11,265 | 41,547 | 52,812 | |||||||||||||||||||||||||||||||||||
Other loans to individuals | 1,356 | 23,369 | 24,725 | 2,095 | 13,458 | 15,553 | |||||||||||||||||||||||||||||||||||
Total consumer loans | 45,335 | 347,153 | 392,488 | 55,792 | 364,730 | 420,522 | |||||||||||||||||||||||||||||||||||
Total loans | 184,762 | 1,131,217 | 1,315,979 | 234,282 | 1,123,034 | 1,357,316 | |||||||||||||||||||||||||||||||||||
Deferred costs (fees) | - | 363 | 363 | - | (609 | ) | (609 | ) | |||||||||||||||||||||||||||||||||
Total loans, net of deferred costs (fees) | $ | 184,762 | $ | 1,131,580 | $ | 1,316,342 | $ | 234,282 | $ | 1,122,425 | $ | 1,356,707 | |||||||||||||||||||||||||||||
Included in the September 30, 2013 and December 31, 2012 loan totals are $76.0 million and $101.7 million, respectively, of covered loans pursuant to FDIC loss share agreements assumed by the Bank in connection with the Citizens South merger. At September 30, 2013, approximately $72.7 million of the covered loans are included in PCI loans and $3.3 million is included in all other loans. At December 31, 2012, $96.9 million of the covered loans are included in PCI loans and $4.8 million is included in all other loans. | |||||||||||||||||||||||||||||||||||||||||
At September 30, 2013 and December 31, 2012, the Company had sold participations in loans aggregating $6.0 million and $10.8 million, respectively, to other financial institutions on a nonrecourse basis. Collections on loan participations and remittances to participating institutions conform to customary banking practices. | |||||||||||||||||||||||||||||||||||||||||
The Bank accepts residential mortgage loan applications and funds loans of qualified borrowers. Funded loans are sold with limited recourse to investors under the terms of pre-existing commitments. The Bank executes all of its loan sales agreements under best efforts contracts with investors. The Company does not service residential mortgage loans for the benefit of others. | |||||||||||||||||||||||||||||||||||||||||
Loans sold with limited recourse are 1-4 family residential mortgages originated by the Company and sold to various other financial institutions. Various recourse agreements exist, but generally range from thirty days to twelve months. The Company’s exposure to credit loss in the event of nonperformance by the other party to the loan is represented by the contractual notional amount of the loan. Since none of the loans have ever been returned to the Company, the amount of total loans sold with limited recourse does not necessarily represent future cash requirements. The Company uses the same credit policies in making loans held for sale as it does for on-balance sheet instruments. Total loans sold with limited recourse in the nine months ended September 30, 2013 were $92.5 million. Total loans sold with limited recourse in the nine months ended September 30, 2012 were $47.4 million. | |||||||||||||||||||||||||||||||||||||||||
At September 30, 2013 and December 31, 2012, the carrying value of loans pledged as collateral on FHLB borrowings totaled $318.8 million and $144.2 million, respectively. At September 30, 2013 and December 31, 2012, the carrying value of loans pledged as collateral on the Federal Reserve Discount Window totaled $157.4 million and $83.1 million, respectively. | |||||||||||||||||||||||||||||||||||||||||
Concentrations of Credit - Loans are primarily made within the Company’s operating footprint of North Carolina, South Carolina and Georgia. Real estate loans can be affected by the condition of the local real estate market. Commercial and industrial loans can be affected by the local economic conditions. The commercial loan portfolio has concentrations in business loans secured by real estate including construction loans and real estate development loans. Primary concentrations in the consumer loan portfolio include home equity lines of credit and residential mortgages. At September 30, 2013 and December 31, 2012, the Company had no loans outstanding with non-U.S. entities. | |||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses -The following tables present, by portfolio segment, the activity in the allowance for loan losses for the three and nine months ended September 30, 2013 and September 30, 2012. | |||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | CRE - | CRE - | AC&D | Other | Residential mortgage | Home | Residential construction | Other | Total | ||||||||||||||||||||||||||||||||
owner- | investor | commercial | equity | loans to | |||||||||||||||||||||||||||||||||||||
occupied | income | lines of | individuals | ||||||||||||||||||||||||||||||||||||||
producing | credit | ||||||||||||||||||||||||||||||||||||||||
For the three months ended September 30, 2013 | (dollars in thousands) | ||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses, excluding PCI: | |||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 1,585 | $ | 343 | $ | 1,419 | $ | 3,930 | $ | 4 | $ | 267 | $ | 1,311 | $ | 518 | $ | 86 | $ | 9,463 | |||||||||||||||||||||
Provision for loan losses | 539 | 57 | 26 | (1,240 | ) | 1 | 284 | 357 | (44 | ) | 20 | - | |||||||||||||||||||||||||||||
Charge-offs | (634 | ) | (12 | ) | (9 | ) | (88 | ) | - | (125 | ) | (68 | ) | - | (22 | ) | (958 | ) | |||||||||||||||||||||||
Recoveries | 52 | 1 | 26 | - | 1 | 32 | 16 | 2 | 11 | 141 | |||||||||||||||||||||||||||||||
Net charge-offs | (582 | ) | (11 | ) | 17 | (88 | ) | 1 | (93 | ) | (52 | ) | 2 | (11 | ) | (817 | ) | ||||||||||||||||||||||||
Balance, end of period | $ | 1,542 | $ | 389 | $ | 1,462 | $ | 2,602 | $ | 6 | $ | 458 | $ | 1,616 | $ | 476 | $ | 95 | $ | 8,646 | |||||||||||||||||||||
PCI Impairment Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 216 | $ | - | $ | 1 | $ | 445 | $ | - | $ | 394 | $ | 3 | $ | 289 | $ | 36 | $ | 1,384 | |||||||||||||||||||||
PCI impairment charge-offs | (216 | ) | - | - | (163 | ) | - | (311 | ) | - | (233 | ) | (36 | ) | (959 | ) | |||||||||||||||||||||||||
PCI impairment recoveries | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||
Net PCI impairment charge-offs | (216 | ) | - | - | (163 | ) | - | (311 | ) | - | (233 | ) | (36 | ) | (959 | ) | |||||||||||||||||||||||||
PCI release of provision for loan losses | - | - | (1 | ) | (282 | ) | - | (77 | ) | (3 | ) | (56 | ) | - | (419 | ) | |||||||||||||||||||||||||
Benefit attributable to FDIC loss share agreements | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||
Total provision for loan losses charged to operations | - | - | (1 | ) | (282 | ) | - | (77 | ) | (3 | ) | (56 | ) | - | (419 | ) | |||||||||||||||||||||||||
Provision for loan losses recorded through FDIC loss share receivable | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||
Balance, end of period | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 6 | $ | - | $ | - | $ | - | $ | 6 | |||||||||||||||||||||
Total Allowance for Loan Losses | $ | 1,542 | $ | 389 | $ | 1,462 | $ | 2,602 | $ | 6 | $ | 464 | $ | 1,616 | $ | 476 | $ | 95 | $ | 8,652 | |||||||||||||||||||||
For the nine months ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses, excluding PCI: | |||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 849 | $ | 496 | $ | 1,102 | $ | 4,157 | $ | 8 | $ | 454 | $ | 1,463 | $ | 1,046 | $ | 49 | $ | 9,624 | |||||||||||||||||||||
Provision for loan losses | 1,740 | (64 | ) | 131 | (2,206 | ) | (3 | ) | 69 | 756 | (616 | ) | 66 | (127 | ) | ||||||||||||||||||||||||||
Charge-offs | (1,190 | ) | (52 | ) | (230 | ) | (94 | ) | - | (128 | ) | (660 | ) | (49 | ) | (52 | ) | (2,455 | ) | ||||||||||||||||||||||
Recoveries | 143 | 9 | 459 | 745 | 1 | 63 | 57 | 95 | 32 | 1,604 | |||||||||||||||||||||||||||||||
Net charge-offs | (1,047 | ) | (43 | ) | 229 | 651 | 1 | (65 | ) | (603 | ) | 46 | (20 | ) | (851 | ) | |||||||||||||||||||||||||
Balance, end of period | $ | 1,542 | $ | 389 | $ | 1,462 | $ | 2,602 | $ | 6 | $ | 458 | $ | 1,616 | $ | 476 | $ | 95 | $ | 8,646 | |||||||||||||||||||||
PCI Impairment Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 225 | $ | - | $ | - | $ | 542 | $ | - | $ | 200 | $ | - | $ | - | $ | - | $ | 967 | |||||||||||||||||||||
PCI impairment charge-offs | (216 | ) | - | (16 | ) | (177 | ) | (386 | ) | (311 | ) | - | (233 | ) | (36 | ) | (1,375 | ) | |||||||||||||||||||||||
PCI impairment recoveries | - | - | - | 25 | - | - | - | - | - | 25 | |||||||||||||||||||||||||||||||
Net PCI impairment charge-offs | (216 | ) | - | (16 | ) | (152 | ) | (386 | ) | (311 | ) | - | (233 | ) | (36 | ) | (1,350 | ) | |||||||||||||||||||||||
PCI provision for loan losses | (9 | ) | - | 16 | (390 | ) | 386 | 117 | - | 233 | 36 | 389 | |||||||||||||||||||||||||||||
Benefit attributable to FDIC loss share agreements | (104 | ) | - | (1 | ) | (192 | ) | - | - | - | - | - | (297 | ) | |||||||||||||||||||||||||||
Total provision for loan losses charged to operations | (113 | ) | - | 15 | (582 | ) | 386 | 117 | - | 233 | 36 | 92 | |||||||||||||||||||||||||||||
Provision for loan losses recorded through FDIC loss share receivable | 104 | - | 1 | 192 | - | - | - | - | - | 297 | |||||||||||||||||||||||||||||||
Balance, end of period | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 6 | $ | - | $ | - | $ | - | $ | 6 | |||||||||||||||||||||
Total Allowance for Loan Losses | $ | 1,542 | $ | 389 | $ | 1,462 | $ | 2,602 | $ | 6 | $ | 464 | $ | 1,616 | $ | 476 | $ | 95 | $ | 8,652 | |||||||||||||||||||||
Commercial and industrial | CRE - | CRE - | AC&D | Other | Residential mortgage | Home | Residential construction | Other | Total | ||||||||||||||||||||||||||||||||
owner- | investor | commercial | equity | loans to | |||||||||||||||||||||||||||||||||||||
occupied | income producing | lines of | individuals | ||||||||||||||||||||||||||||||||||||||
credit | |||||||||||||||||||||||||||||||||||||||||
For the three months ended September 30, 2012 | (dollars in thousands) | ||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 1,180 | $ | 397 | $ | 1,326 | $ | 3,710 | $ | 10 | $ | 792 | $ | 1,370 | $ | 606 | $ | 40 | $ | 9,431 | |||||||||||||||||||||
Provision for loan losses | 153 | (14 | ) | 412 | (524 | ) | 1 | (22 | ) | (21 | ) | (12 | ) | (3 | ) | (30 | ) | ||||||||||||||||||||||||
PCI provision for loan losses | 67 | - | - | - | - | (30 | ) | - | - | - | 37 | ||||||||||||||||||||||||||||||
Charge-offs | (146 | ) | (56 | ) | (500 | ) | (383 | ) | - | (5 | ) | (8 | ) | - | (4 | ) | (1,102 | ) | |||||||||||||||||||||||
Recoveries | 19 | - | 48 | 658 | - | 10 | 5 | 124 | 7 | 871 | |||||||||||||||||||||||||||||||
Net charge-offs | (127 | ) | (56 | ) | (452 | ) | 275 | - | 5 | (3 | ) | 124 | 3 | (231 | ) | ||||||||||||||||||||||||||
Ending balance | $ | 1,206 | $ | 327 | $ | 1,286 | $ | 3,461 | $ | 11 | $ | 745 | $ | 1,346 | $ | 718 | $ | 40 | $ | 9,207 | |||||||||||||||||||||
For the nine months ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 703 | $ | 740 | $ | 2,106 | $ | 3,883 | $ | 17 | $ | 309 | $ | 1,898 | $ | 455 | $ | 43 | $ | 10,154 | |||||||||||||||||||||
Provision for loan losses | 1,009 | (283 | ) | 199 | (616 | ) | 88 | 304 | (412 | ) | 467 | (18 | ) | 738 | |||||||||||||||||||||||||||
PCI provision for loan losses | 67 | - | - | - | - | 224 | - | - | - | 291 | |||||||||||||||||||||||||||||||
Charge-offs | (543 | ) | (130 | ) | (1,075 | ) | (740 | ) | (94 | ) | (104 | ) | (173 | ) | (328 | ) | (5 | ) | (3,192 | ) | |||||||||||||||||||||
Recoveries | 37 | - | 56 | 934 | - | 12 | 33 | 124 | 20 | 1,216 | |||||||||||||||||||||||||||||||
Net charge-offs | (506 | ) | (130 | ) | (1,019 | ) | 194 | (94 | ) | (92 | ) | (140 | ) | (204 | ) | 15 | (1,976 | ) | |||||||||||||||||||||||
Ending balance | $ | 1,206 | $ | 327 | $ | 1,286 | $ | 3,461 | $ | 11 | $ | 745 | $ | 1,346 | $ | 718 | $ | 40 | $ | 9,207 | |||||||||||||||||||||
The following table presents, by portfolio segment, the balance in the allowance for loan losses disaggregated on the basis of the Company’s impairment measurement method and the related recorded investment in loans at September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||||||||||||||
Commercial | CRE - | CRE - | AC&D | Other | Residential mortgage | Home | Residential construction | Other | Total | ||||||||||||||||||||||||||||||||
and industrial | owner- | investor | commercial | equity | loans to | ||||||||||||||||||||||||||||||||||||
occupied | income | lines of | individuals | ||||||||||||||||||||||||||||||||||||||
producing | credit | ||||||||||||||||||||||||||||||||||||||||
At September 30, 2013 | (dollars in thousands) | ||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 16 | $ | 24 | $ | 202 | $ | - | $ | - | $ | 182 | $ | 509 | $ | 13 | $ | - | $ | 946 | |||||||||||||||||||||
Collectively evaluated for impairment | 1,526 | 365 | 1,260 | 2,602 | 6 | 276 | 1,107 | 463 | 95 | 7,700 | |||||||||||||||||||||||||||||||
1,542 | 389 | 1,462 | 2,602 | 6 | 458 | 1,616 | 476 | 95 | 8,646 | ||||||||||||||||||||||||||||||||
Purchased credit-impaired | - | - | - | - | - | 6 | - | - | - | 6 | |||||||||||||||||||||||||||||||
Total | $ | 1,542 | $ | 389 | $ | 1,462 | $ | 2,602 | $ | 6 | $ | 464 | $ | 1,616 | $ | 476 | $ | 95 | $ | 8,652 | |||||||||||||||||||||
Recorded Investment in Loans: | |||||||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 326 | $ | 2,266 | $ | 3,850 | $ | 2,275 | $ | 153 | $ | 4,951 | $ | 3,287 | $ | 79 | $ | 62 | $ | 17,249 | |||||||||||||||||||||
Collectively evaluated for impairment | 124,709 | 231,529 | 303,966 | 111,344 | 3,646 | 135,045 | 141,461 | 38,961 | 23,307 | 1,113,968 | |||||||||||||||||||||||||||||||
125,035 | 233,795 | 307,816 | 113,619 | 3,799 | 139,996 | 144,748 | 39,040 | 23,369 | 1,131,217 | ||||||||||||||||||||||||||||||||
Purchased credit-impaired | 6,488 | 39,545 | 64,087 | 29,165 | 142 | 34,784 | 1,736 | 7,459 | 1,356 | 184,762 | |||||||||||||||||||||||||||||||
Total | $ | 131,523 | $ | 273,340 | $ | 371,903 | $ | 142,784 | $ | 3,941 | $ | 174,780 | $ | 146,484 | $ | 46,499 | $ | 24,725 | $ | 1,315,979 | |||||||||||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 115 | $ | - | $ | - | $ | - | $ | - | $ | 249 | $ | 351 | $ | - | $ | - | $ | 715 | |||||||||||||||||||||
Collectively evaluated for impairment | 734 | 496 | 1,102 | 4,157 | 8 | 205 | 1,112 | 1,046 | 49 | 8,909 | |||||||||||||||||||||||||||||||
849 | 496 | 1,102 | 4,157 | 8 | 454 | 1,463 | 1,046 | 49 | 9,624 | ||||||||||||||||||||||||||||||||
Purchased credit-impaired | 225 | - | - | 542 | - | 200 | - | - | - | 967 | |||||||||||||||||||||||||||||||
Total | $ | 1,074 | $ | 496 | $ | 1,102 | $ | 4,699 | $ | 8 | $ | 654 | $ | 1,463 | $ | 1,046 | $ | 49 | $ | 10,591 | |||||||||||||||||||||
Recorded Investment in Loans: | |||||||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 607 | $ | 2,337 | $ | 4,243 | $ | 4,855 | $ | 168 | $ | 3,463 | $ | 1,925 | $ | 71 | $ | 73 | $ | 17,742 | |||||||||||||||||||||
Collectively evaluated for impairment | 111,202 | 252,154 | 281,755 | 96,265 | 4,718 | 144,586 | 159,751 | 41,476 | 13,385 | 1,105,292 | |||||||||||||||||||||||||||||||
111,809 | 254,491 | 285,998 | 101,120 | 4,886 | 148,049 | 161,676 | 41,547 | 13,458 | 1,123,034 | ||||||||||||||||||||||||||||||||
Purchased credit-impaired | 7,323 | 44,925 | 85,959 | 39,541 | 742 | 40,483 | 1,949 | 11,265 | 2,095 | 234,282 | |||||||||||||||||||||||||||||||
Total | $ | 119,132 | $ | 299,416 | $ | 371,957 | $ | 140,661 | $ | 5,628 | $ | 188,532 | $ | 163,625 | $ | 52,812 | $ | 15,553 | $ | 1,357,316 | |||||||||||||||||||||
The Company’s allowance for loan loss methodology includes four components, as described below: | |||||||||||||||||||||||||||||||||||||||||
1) Specific Reserve Component. Specific reserves represent the current impairment estimate on specific loans, for which it is probable that the Company will be unable to collect all amounts due according to contractual terms based on current information and events. Impairment measurement reflects only a deterioration of credit quality and not changes in market rates that may cause a change in the fair value of the impaired loan. The amount of impairment may be measured in one of three ways, including (i) calculating the present value of expected future cash flows, discounted at the loan’s interest rate implicit in the original document and deducting estimated selling costs, if any; (ii) observing quoted market prices for identical or similar instruments traded in active markets, or employing model-based valuation techniques for which all significant assumptions are observable in the market; and (iii) determining the fair value of collateral, which is utilized for both collateral dependent loans and for loans when foreclosure is probable. | |||||||||||||||||||||||||||||||||||||||||
Impaired loans with a balance less than or equal to $150 thousand are viewed in two groups: those which have experienced charge-offs and those recorded at legal balance. Those loans which have experienced charge-offs have no additional reserve applied unless specifically calculated at a point in time when the loan balance exceeded $150 thousand. Those loans recorded at their legal balance are based on a pooled probability of default and loss given default calculation. | |||||||||||||||||||||||||||||||||||||||||
2) Quantitative Reserve Component. Quantitative reserves represent the current loss contingency estimate on pools of loans, which is an estimate of the amount for which it is probable that the Company will be unable to collect all amounts due on homogeneous groups of loans according to contractual terms should one or more events occur, excluding those loans specifically identified above. During the fourth quarter of 2011, the Company introduced two enhancements to this component of the allowance. First, management completed its previously disclosed project to collect and evaluate internal loan loss data and now incorporates the Company’s historical loss experience in this component. Previously, given the Company’s limited operating history, this component of the allowance for loan losses was based on the historical loss experience of comparable institutions. Second, the methodology now segregates loans by product. | |||||||||||||||||||||||||||||||||||||||||
This component of the allowance for loan losses is based on the historical loss experience of the Company. This loss experience is collected quarterly by evaluating internal loss data. The estimated historical loss rates are grouped by loan product type. The Company utilizes average historical losses to represent management’s estimate of losses inherent in that portfolio. The historical look back period is estimated by loan type and the Company applies the appropriate historical loss period which best reflects the inherent loss in the portfolio considering prevailing market conditions. A minimum reserve is utilized when the Company has insufficient internal loss history. Minimums are determined by analyzing Federal Reserve Bank charge-off data for all insured federal- and state-chartered commercial banks. | |||||||||||||||||||||||||||||||||||||||||
During the third quarter of 2013, the Company further segregated the AC&D portfolio into three collateral types: (i) CRE construction, (ii) 1-4 family construction and (iii) development (lots and land). These enhancements strengthen the granularity of the allowance methodology and better align with the Company’s present origination activities, which are focused on construction rather than development activities. | |||||||||||||||||||||||||||||||||||||||||
In determining the quantitative reserve component at September 30, 2013, management utilized the following look back periods: | |||||||||||||||||||||||||||||||||||||||||
i. | 15 quarter – Commercial & industrial, CRE-investor income producing, AC&D-1-4 family construction, and AC&D-development (lots and land) | ||||||||||||||||||||||||||||||||||||||||
ii. | 12 quarter – residential mortgage and HELOCs | ||||||||||||||||||||||||||||||||||||||||
iii. | 11 quarter – residential construction | ||||||||||||||||||||||||||||||||||||||||
iv. | Minimum – CRE-owner-occupied, AC&D-CRE construction, other commercial and other consumer | ||||||||||||||||||||||||||||||||||||||||
At December 31, 2012, management utilized the following look back periods: | |||||||||||||||||||||||||||||||||||||||||
i. | 12 quarter – AC&D, residential mortgage and residential construction | ||||||||||||||||||||||||||||||||||||||||
ii. | 8 quarter – Commercial & industrial, CRE-owner-occupied, CRE-investor income producing, and HELOCs | ||||||||||||||||||||||||||||||||||||||||
iii. | Minimum –Other commercial and other consumer | ||||||||||||||||||||||||||||||||||||||||
The changes in the look back periods noted above were made to provide a better estimate of the loss inherent in the portfolio for each loan category and to reflect the availability of loss history. | |||||||||||||||||||||||||||||||||||||||||
3) Qualitative Reserve Component. Qualitative reserves represent an estimate of the amount for which it is probable that environmental or other relevant factors will cause the aforementioned loss contingency estimate to differ from the Company’s historical loss experience or other assumptions. During the second quarter of 2012, the Company refined its allowance methodology to eliminate the use of traditional risk grade factors as a single forward-looking qualitative indicator, which had been introduced during the fourth quarter of 2011, and instead focuses directly on five specific environmental factors. These five factors include portfolio trends, portfolio concentrations, economic and market conditions, changes in lending practices and other factors. Management believes these refinements simplify application of the qualitative component of the allowance methodology. Each of the factors, except other factors, can range from 0.00% (not applicable) to 0.15% (very high). Other factors are reviewed on a situational basis and are adjusted in 5 basis point increments, up or down, with a maximum of 0.50%. Details of the five environmental factors for inclusion in the allowance methodology are as follows: | |||||||||||||||||||||||||||||||||||||||||
i. | Portfolio trends, which may relate to such factors as type or level of loan origination activity, changes in asset quality (i.e., past due, special mention, non-performing) and/or changes in collateral values; | ||||||||||||||||||||||||||||||||||||||||
ii. | Portfolio concentrations, which may relate to individual borrowers and/or guarantors, geographic regions, industry sectors, and/or loan types; | ||||||||||||||||||||||||||||||||||||||||
iii. | Economic and market trends, which may relate to trends and/or levels of gross domestic production, unemployment, bankruptcies, foreclosures, housing starts, housing prices, equity prices, and/or competitor activities; | ||||||||||||||||||||||||||||||||||||||||
iv. | Changes in lending practices, which may relate to changes in credit policies, procedures, systems or staff; and | ||||||||||||||||||||||||||||||||||||||||
v. | Other factors, which is intended to capture environmental factors not specifically identified above. | ||||||||||||||||||||||||||||||||||||||||
In addition, qualitative reserves on purchased performing loans are based on the Company’s judgment around the timing difference expected to occur between accretion of the fair market value credit adjustment and realization of actual loan losses. | |||||||||||||||||||||||||||||||||||||||||
During the third quarter of 2013, the Company applied the qualitative other factors against CRE-investor income producing loans and residential mortgage loans to adjust for inherent risks that, in management’s judgment, are not adequately reflected in historical loss rates. | |||||||||||||||||||||||||||||||||||||||||
4) Reserve on PCI Loans. In determining the acquisition date fair value of PCI loans, and in subsequent accounting, the Company generally aggregates purchased loans into pools of loans with common risk characteristics. Expected cash flows at the acquisition date in excess of the fair value of loans are recorded as interest income over the life of the loans using a level yield method if the timing and amount of the future cash flows of the pool is reasonably estimable. Subsequent to the acquisition date, significant increases in cash flows over those expected at the acquisition date are recognized as interest income prospectively. Decreases in expected cash flows after the acquisition date are recognized by recording an allowance for loan losses. In pools where impairment has already been recognized, an increase in cash flows will result in a reversal of prior impairment. Management analyzes these acquired loan pools using various assessments of risk to determine and calculate an expected loss. The expected loss is derived using an estimate of a loss given default based upon the collateral type and/or specific review by loan officers of loans generally greater than $1.0 million, and the probability of default that was determined based upon management’s review of the loan portfolio. Trends are reviewed in terms of traditional credit metrics such as accrual status, past due status, and weighted-average risk grade of the loans within each of the accounting pools. In addition, the relationship between the change in the unpaid principal balance and change in the fair value mark is assessed to correlate the directional consistency of the expected loss for each pool. | |||||||||||||||||||||||||||||||||||||||||
This analysis resulted in net (recovery) impairment for the three- and nine-months ended September 30, 2013 of ($419) thousand and $389 thousand, respectively. Additionally, in the nine-month period, approximately $297 thousand is attributable to covered loans under FDIC loss share agreements. These covered loan impairments were a function of an increase in expected losses and as a result, the FDIC indemnification asset was increased. See Note 6 – FDIC Loss Share Agreements for further discussion. These impairments are spread among several pools and reporting segments. A full breakdown of the net impairment or recovery is detailed in the allowance by segment table above for the three- and nine-months ended September 30, 2013. | |||||||||||||||||||||||||||||||||||||||||
The changes to the quantitative and qualitative reserve components of the non-PCI allowance for loan losses, in aggregate, did not have a material impact on the estimated allowance at September 30. 2013. The further segregation of the AC&D portfolio described above resulted in a decrease in the AC&D quantitative reserve of approximately $1.2 million from June 30, 2013 and $1.8 million from December 31, 2012. Offsetting this decrease were quantitative increases in the other loan portfolios as a result of extending look back periods which now contain sufficient build up in loss history. These increases were approximately $800 thousand from June 30, 2013 and $1.6 million from December 31, 2012. The growth in the loan portfolio coupled with the other qualitative factors referenced above resulted in a net $530 thousand increase in the qualitative factor from June 30, 2013 and $313 thousand from December 31, 2012. These changes, in management's judgment, produce a non-PCI allowance for loan losses that reflects the estimate of inherent losses in the loan portfolio at September 30, 2013. | |||||||||||||||||||||||||||||||||||||||||
The Company evaluates and estimates off-balance sheet credit exposure at the same time it estimates credit losses for loans by a similar process. These estimated credit losses are not recorded as part of the allowance for loan losses, but are recorded to a separate liability account by a charge to income, if material. Loan commitments, unused lines of credit and standby letters of credit make up the off-balance sheet items reviewed for potential credit losses. At September 30, 2013 and December 31, 2012, $125 thousand was recorded as an other liability for off-balance sheet credit exposure. | |||||||||||||||||||||||||||||||||||||||||
Credit Quality Indicators - The Company uses several credit quality indicators to manage credit risk in an ongoing manner. The Company's primary credit quality indicator is an internal credit risk rating system that categorizes loans into pass, special mention, or classified categories. Credit risk ratings are applied individually to those classes of loans that have significant or unique credit characteristics that benefit from a case-by-case evaluation. These are typically loans to businesses or individuals in the classes that comprise the commercial portfolio segment. Groups of loans that are underwritten and structured using standardized criteria and characteristics, such as statistical models (e.g., credit scoring or payment performance), are typically risk rated and monitored collectively. These are typically loans to individuals in the classes that comprise the consumer portfolio segment. | |||||||||||||||||||||||||||||||||||||||||
The following are the definitions of the Company's credit quality indicators: | |||||||||||||||||||||||||||||||||||||||||
Pass: | Loans in classes that comprise the commercial and consumer portfolio segments that are not adversely rated, are contractually current as to principal and interest, and are otherwise in compliance with the contractual terms of the loan agreement. PCI loans that were recorded at estimated fair value on the acquisition date are generally assigned a “pass” loan grade because their net financial statement value is based on the present value of expected cash flows. Management believes there is a low likelihood of loss related to those loans that are considered pass. | ||||||||||||||||||||||||||||||||||||||||
Special | Loans in classes that comprise the commercial and consumer portfolio segments that have potential weaknesses that deserve management's close attention. If not addressed, these potential weaknesses may result in deterioration of the repayment prospects for the loan. Management believes there is a moderate likelihood of some loss related to those loans that are considered special mention. | ||||||||||||||||||||||||||||||||||||||||
Mention: | |||||||||||||||||||||||||||||||||||||||||
Classified: | Loans in the classes that comprise the commercial and consumer portfolio segments that are inadequately protected by the sound worth and paying capacity of the borrower or of the collateral pledged, if any. Management believes that there is a distinct possibility that the Company will sustain some loss if the deficiencies related to classified loans are not corrected in a timely manner. | ||||||||||||||||||||||||||||||||||||||||
The Company's credit quality indicators are periodically updated on a case-by-case basis. The following tables present the recorded investment in the Company's loans as of September 30, 2013 and December 31, 2012, by loan class and by credit quality indicator. | |||||||||||||||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | Commercial | CRE-Owner | CRE-Investor | AC&D | Other | Total | |||||||||||||||||||||||||||||||||||
and | Occupied | Income | Commercial | Commercial | |||||||||||||||||||||||||||||||||||||
Industrial | Producing | ||||||||||||||||||||||||||||||||||||||||
Pass | $ | 130,891 | $ | 266,152 | $ | 363,597 | $ | 134,773 | $ | 3,677 | $ | 899,090 | |||||||||||||||||||||||||||||
Special mention | 351 | 4,092 | 3,584 | 5,855 | 111 | 13,993 | |||||||||||||||||||||||||||||||||||
Classified | 281 | 3,095 | 4,722 | 2,156 | 154 | 10,408 | |||||||||||||||||||||||||||||||||||
Total | $ | 131,523 | $ | 273,339 | $ | 371,903 | $ | 142,784 | $ | 3,942 | $ | 923,491 | |||||||||||||||||||||||||||||
Residential | Home Equity | Residential | Other Loans to | Total | |||||||||||||||||||||||||||||||||||||
Mortgage | Lines of Credit | Construction | Individuals | Consumer | |||||||||||||||||||||||||||||||||||||
Pass | $ | 170,624 | $ | 140,263 | $ | 45,717 | $ | 24,244 | $ | 380,848 | |||||||||||||||||||||||||||||||
Special mention | 1,433 | 2,710 | 539 | 369 | 5,051 | ||||||||||||||||||||||||||||||||||||
Classified | 2,723 | 3,511 | 243 | 112 | 6,589 | ||||||||||||||||||||||||||||||||||||
Total | $ | 174,780 | $ | 146,484 | $ | 46,499 | $ | 24,725 | $ | 392,488 | |||||||||||||||||||||||||||||||
Total Loans | $ | 1,315,979 | |||||||||||||||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | Commercial | CRE-Owner | CRE-Investor | AC&D | Other | Total | |||||||||||||||||||||||||||||||||||
and | Occupied | Income | Commercial | Commercial | |||||||||||||||||||||||||||||||||||||
Industrial | Producing | ||||||||||||||||||||||||||||||||||||||||
Pass | $ | 115,907 | $ | 292,418 | $ | 361,212 | $ | 126,167 | $ | 5,460 | $ | 901,164 | |||||||||||||||||||||||||||||
Special mention | 173 | 3,804 | 5,564 | 9,252 | - | 18,793 | |||||||||||||||||||||||||||||||||||
Classified | 3,052 | 3,194 | 5,181 | 5,242 | 168 | 16,837 | |||||||||||||||||||||||||||||||||||
Total | $ | 119,132 | $ | 299,416 | $ | 371,957 | $ | 140,661 | $ | 5,628 | $ | 936,794 | |||||||||||||||||||||||||||||
Residential | Home Equity | Residential | Other Loans to | Total | |||||||||||||||||||||||||||||||||||||
Mortgage | Lines of Credit | Construction | Individuals | Consumer | |||||||||||||||||||||||||||||||||||||
Pass | $ | 185,686 | $ | 158,335 | $ | 52,612 | $ | 15,444 | $ | 412,077 | |||||||||||||||||||||||||||||||
Special mention | 1,115 | 2,599 | - | 78 | 3,792 | ||||||||||||||||||||||||||||||||||||
Classified | 1,731 | 2,691 | 200 | 31 | 4,653 | ||||||||||||||||||||||||||||||||||||
Total | $ | 188,532 | $ | 163,625 | $ | 52,812 | $ | 15,553 | $ | 420,522 | |||||||||||||||||||||||||||||||
Total Loans | $ | 1,357,316 | |||||||||||||||||||||||||||||||||||||||
Aging Analysis of Accruing and Non-Accruing Loans - The Company considers a loan to be past due or delinquent when the terms of the contractual obligation are not met by the borrower. PCI loans are included as a single category in the table below as management believes, regardless of their age, there is a lower likelihood of aggregate loss related to these loan pools. Additionally, PCI loans are discounted to allow for the accretion of income on a level yield basis over the life of the loan based on expected cash flows. Regardless of accruing status, the associated discount on these loan pools results in income recognition. The following table presents, by class, an aging analysis of the Company’s accruing and non-accruing loans as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||||||||||||||
30-59 | 60-89 | Past Due | PCI | Current | Total Loans | ||||||||||||||||||||||||||||||||||||
Days | Days | 90 Days | Loans | ||||||||||||||||||||||||||||||||||||||
Past Due | Past Due | or More | |||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 340 | $ | 221 | $ | 37 | $ | 6,488 | $ | 124,437 | $ | 131,523 | |||||||||||||||||||||||||||||
CRE - owner-occupied | - | - | 674 | 39,545 | 233,121 | 273,340 | |||||||||||||||||||||||||||||||||||
CRE - investor income producing | 15 | 41 | 180 | 64,087 | 307,580 | 371,903 | |||||||||||||||||||||||||||||||||||
AC&D | - | - | 542 | 29,165 | 113,077 | 142,784 | |||||||||||||||||||||||||||||||||||
Other commercial | - | - | - | 142 | 3,799 | 3,941 | |||||||||||||||||||||||||||||||||||
Total commercial loans | 355 | 262 | 1,433 | 139,427 | 782,014 | 923,491 | |||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | - | 33 | 1,926 | 34,784 | 138,037 | 174,780 | |||||||||||||||||||||||||||||||||||
Home equity lines of credit | 311 | 263 | 2,143 | 1,736 | 142,031 | 146,484 | |||||||||||||||||||||||||||||||||||
Residential construction | - | 38 | 40 | 7,459 | 38,962 | 46,499 | |||||||||||||||||||||||||||||||||||
Other loans to individuals | 20 | 2 | 2 | 1,356 | 23,345 | 24,725 | |||||||||||||||||||||||||||||||||||
Total consumer loans | 331 | 336 | 4,111 | 45,335 | 342,375 | 392,488 | |||||||||||||||||||||||||||||||||||
Total loans | $ | 686 | $ | 598 | $ | 5,544 | $ | 184,762 | $ | 1,124,389 | $ | 1,315,979 | |||||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,316 | $ | 83 | $ | 230 | $ | 7,323 | $ | 110,180 | $ | 119,132 | |||||||||||||||||||||||||||||
CRE - owner-occupied | 48 | 1,903 | 113 | 44,925 | 252,427 | 299,416 | |||||||||||||||||||||||||||||||||||
CRE - investor income producing | 224 | 27 | 366 | 85,959 | 285,381 | 371,957 | |||||||||||||||||||||||||||||||||||
AC&D | - | 699 | 1,428 | 39,541 | 98,993 | 140,661 | |||||||||||||||||||||||||||||||||||
Other commercial | - | - | 168 | 742 | 4,718 | 5,628 | |||||||||||||||||||||||||||||||||||
Total commercial loans | 1,588 | 2,712 | 2,305 | 178,490 | 751,699 | 936,794 | |||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 18 | 196 | 499 | 40,483 | 147,336 | 188,532 | |||||||||||||||||||||||||||||||||||
Home equity lines of credit | 590 | - | 1,094 | 1,949 | 159,992 | 163,625 | |||||||||||||||||||||||||||||||||||
Residential construction | - | - | 71 | 11,265 | 41,476 | 52,812 | |||||||||||||||||||||||||||||||||||
Other loans to individuals | 36 | 4 | - | 2,095 | 13,418 | 15,553 | |||||||||||||||||||||||||||||||||||
Total consumer loans | 644 | 200 | 1,664 | 55,792 | 362,222 | 420,522 | |||||||||||||||||||||||||||||||||||
Total loans | $ | 2,232 | $ | 2,912 | $ | 3,969 | $ | 234,282 | $ | 1,113,921 | $ | 1,357,316 | |||||||||||||||||||||||||||||
Impaired Loans - All classes of loans are considered impaired when, based on current information and events, it is probable the Company will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement, including scheduled principal and interest payments. Impaired loans may include all classes of nonaccrual loans and loans modified in a troubled debt restructuring (“TDR”). If a loan is impaired, a specific valuation allowance is allocated, if necessary, so that the loan is reported net, at the present value of estimated future cash flows using the rate implicit in the original loan agreement or at the fair value of collateral if repayment is expected solely from the collateral. Additionally, a portion of the Company’s qualitative factors accounts for potential impairment on loans generally less than $150 thousand. Interest payments on impaired loans are typically applied to principal unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis. Impaired loans, or portions thereof, are charged off when deemed uncollectible. | |||||||||||||||||||||||||||||||||||||||||
During the three- and nine-months ended September 30, 2013, the Company’s quarterly cash flow analyses indicated that net (release) impairment of $(419) thousand and $389 thousand was present in several of the Company’s PCI loan pools. This net (release) impairment is spread among almost all the loan segments presented in the table above and is the result of changes in cash flows, increases and decreases. | |||||||||||||||||||||||||||||||||||||||||
The following tables do not include information regarding impairment of the Company’s PCI loans. At December 31, 2012, the Company’s quarterly cash flow analyses indicated that three of fourteen PCI loan pools were impaired. This analysis resulted in $225 thousand net impairment in a commercial pool, $542 thousand net impairment in an AC&D pool and $200 thousand net impairment of a residential mortgage pool at December 31, 2012. | |||||||||||||||||||||||||||||||||||||||||
The table below presents impaired loans, by class, and the corresponding allowance for loan losses at September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Recorded | Unpaid | Related | ||||||||||||||||||||||||||||||||||||
Investment | Principal | Allowance For | Investment | Principal | Allowance For | ||||||||||||||||||||||||||||||||||||
Balance | Loan Losses | Balance | Loan Losses | ||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||||||||||
Impaired Loans with No Related Allowance Recorded: | |||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 226 | $ | 2,125 | $ | - | $ | 377 | $ | 1,170 | $ | - | |||||||||||||||||||||||||||||
CRE - owner-occupied | 2,117 | 3,426 | - | 2,337 | 2,675 | - | |||||||||||||||||||||||||||||||||||
CRE - investor income producing | 180 | 5,245 | - | 4,243 | 4,424 | - | |||||||||||||||||||||||||||||||||||
AC&D | 2,275 | 9,775 | - | 4,855 | 9,306 | - | |||||||||||||||||||||||||||||||||||
Other commercial | 153 | 196 | - | 168 | 172 | - | |||||||||||||||||||||||||||||||||||
Total commercial loans | 4,951 | 20,767 | - | 11,980 | 17,747 | - | |||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 3,616 | 4,384 | - | 2,252 | 2,363 | - | |||||||||||||||||||||||||||||||||||
Home equity lines of credit | 1,035 | 3,481 | - | 1,419 | 2,439 | - | |||||||||||||||||||||||||||||||||||
Residential construction | - | 1,441 | - | 71 | 551 | - | |||||||||||||||||||||||||||||||||||
Other loans to individuals | 60 | 104 | - | 73 | 75 | - | |||||||||||||||||||||||||||||||||||
Total consumer loans | 4,711 | 9,410 | - | 3,815 | 5,428 | - | |||||||||||||||||||||||||||||||||||
Total impaired loans with no related allowance recorded | $ | 9,662 | $ | 30,177 | $ | - | $ | 15,795 | $ | 23,175 | $ | - | |||||||||||||||||||||||||||||
Impaired Loans with an Allowance Recorded: | |||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 100 | $ | 110 | $ | 16 | $ | 230 | $ | 230 | $ | 115 | |||||||||||||||||||||||||||||
CRE - owner-occupied | 149 | 164 | 24 | - | - | - | |||||||||||||||||||||||||||||||||||
CRE - investor income producing | 3,670 | 3,674 | 202 | - | - | - | |||||||||||||||||||||||||||||||||||
AC&D | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||
Other commercial | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||
Total commercial loans | 3,919 | 3,948 | 242 | 230 | 230 | 115 | |||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 1,335 | 1,398 | 182 | 1,211 | 1,250 | 249 | |||||||||||||||||||||||||||||||||||
Home equity lines of credit | 2,252 | 2,309 | 509 | 506 | 707 | 351 | |||||||||||||||||||||||||||||||||||
Residential construction | 79 | 81 | 13 | - | - | - | |||||||||||||||||||||||||||||||||||
Other loans to individuals | 2 | 4 | - | - | - | - | |||||||||||||||||||||||||||||||||||
Total consumer loans | 3,668 | 3,792 | 704 | 1,717 | 1,957 | 600 | |||||||||||||||||||||||||||||||||||
Total impaired loans with an allowance recorded | $ | 7,587 | $ | 7,740 | $ | 946 | $ | 1,947 | $ | 2,187 | $ | 715 | |||||||||||||||||||||||||||||
Total Impaired Loans: | |||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 326 | $ | 2,235 | $ | 16 | $ | 607 | $ | 1,400 | $ | 115 | |||||||||||||||||||||||||||||
CRE - owner-occupied | 2,266 | 3,590 | 24 | 2,337 | 2,675 | - | |||||||||||||||||||||||||||||||||||
CRE - investor income producing | 3,850 | 8,919 | 202 | 4,243 | 4,424 | - | |||||||||||||||||||||||||||||||||||
AC&D | 2,275 | 9,775 | - | 4,855 | 9,306 | - | |||||||||||||||||||||||||||||||||||
Other commercial | 153 | 196 | - | 168 | 172 | - | |||||||||||||||||||||||||||||||||||
Total commercial loans | 8,870 | 24,715 | 242 | 12,210 | 17,977 | 115 | |||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 4,951 | 5,782 | 182 | 3,463 | 3,613 | 249 | |||||||||||||||||||||||||||||||||||
Home equity lines of credit | 3,287 | 5,790 | 509 | 1,925 | 3,146 | 351 | |||||||||||||||||||||||||||||||||||
Residential construction | 79 | 1,522 | 13 | 71 | 551 | - | |||||||||||||||||||||||||||||||||||
Other loans to individuals | 62 | 108 | - | 73 | 75 | - | |||||||||||||||||||||||||||||||||||
Total consumer loans | 8,379 | 13,202 | 704 | 5,532 | 7,385 | 600 | |||||||||||||||||||||||||||||||||||
Total impaired loans | $ | 17,249 | $ | 37,917 | $ | 946 | $ | 17,742 | $ | 25,362 | $ | 715 | |||||||||||||||||||||||||||||
The average recorded investment and interest income recognized on impaired loans, by class, for the three and nine months ended September 30, 2013 and September 30, 2012 are shown in the table below. | |||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||||||||||||||||
Average | Interest | Average | Interest | Average | Interest | Average | Interest | ||||||||||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||||||||||
Impaired Loans with No Related Allowance Recorded: | |||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 219 | $ | 4 | $ | 708 | $ | - | $ | 345 | $ | 4 | $ | 772 | $ | - | |||||||||||||||||||||||||
CRE - owner-occupied | 2,033 | 93 | 366 | 5 | 1,903 | 93 | 368 | 17 | |||||||||||||||||||||||||||||||||
CRE - investor income producing | 180 | - | 2,851 | - | 1,816 | - | 2,536 | - | |||||||||||||||||||||||||||||||||
AC&D | 2,300 | 58 | 6,775 | 14 | 3,982 | 181 | 8,884 | 44 | |||||||||||||||||||||||||||||||||
Other commercial | 154 | - | 160 | - | 160 | - | 102 | - | |||||||||||||||||||||||||||||||||
Total commercial loans | 4,886 | 155 | 10,860 | 19 | 8,206 | 278 | 12,662 | 61 | |||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 2,876 | 14 | 621 | - | 2,207 | 46 | 715 | - | |||||||||||||||||||||||||||||||||
Home equity lines of credit | 1,139 | 16 | 770 | - | 1,183 | 16 | 928 | - | |||||||||||||||||||||||||||||||||
Residential construction | - | - | 76 | - | 24 | - | 128 | - | |||||||||||||||||||||||||||||||||
Other loans to individuals | 62 | 1 | 6 | 1 | 68 | 3 | 7 | 3 | |||||||||||||||||||||||||||||||||
Total consumer loans | 4,077 | 31 | 1,473 | 1 | 3,482 | 65 | 1,778 | 3 | |||||||||||||||||||||||||||||||||
Total impaired loans with no related allowance recorded | $ | 8,963 | $ | 186 | $ | 12,333 | $ | 20 | $ | 11,688 | $ | 343 | $ | 14,440 | $ | 64 | |||||||||||||||||||||||||
Impaired Loans with an Allowance Recorded: | |||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 437 | $ | - | $ | 230 | $ | - | $ | 516 | $ | 1 | $ | 88 | $ | - | |||||||||||||||||||||||||
CRE - owner-occupied | 74 | - | - | - | 30 | - | - | - | |||||||||||||||||||||||||||||||||
CRE - investor income producing | 3,675 | 37 | - | - | 2,192 | 112 | - | - | |||||||||||||||||||||||||||||||||
AC&D | 125 | - | - | - | 50 | - | - | - | |||||||||||||||||||||||||||||||||
Other commercial | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||
Total commercial loans | 4,311 | 37 | 230 | - | 2,788 | 113 | 88 | - | |||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 1,283 | 10 | 424 | 7 | 1,241 | 26 | 221 | 22 | |||||||||||||||||||||||||||||||||
Home equity lines of credit | 1,431 | 1 | 315 | - | 876 | 2 | 317 | - | |||||||||||||||||||||||||||||||||
Residential construction | 40 | 1 | - | - | 16 | 1 | - | - | |||||||||||||||||||||||||||||||||
Other loans to individuals | 3 | - | - | - | 1 | - | - | - | |||||||||||||||||||||||||||||||||
Total consumer loans | 2,757 | 12 | 739 | 7 | 2,134 | 29 | 538 | 22 | |||||||||||||||||||||||||||||||||
Total impaired loans with an allowance recorded | $ | 7,068 | $ | 49 | $ | 969 | $ | 7 | $ | 4,922 | $ | 142 | $ | 626 | $ | 22 | |||||||||||||||||||||||||
Total Impaired Loans: | |||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 656 | $ | 4 | $ | 938 | $ | - | $ | 861 | $ | 5 | $ | 860 | $ | - | |||||||||||||||||||||||||
CRE - owner-occupied | 2,107 | 93 | 366 | 5 | 1,933 | 93 | 368 | 17 | |||||||||||||||||||||||||||||||||
CRE - investor income producing | 3,855 | 37 | 2,851 | - | 4,008 | 112 | 2,536 | - | |||||||||||||||||||||||||||||||||
AC&D | 2,425 | 58 | 6,775 | 14 | 4,032 | 181 | 8,884 | 44 | |||||||||||||||||||||||||||||||||
Other commercial | 154 | - | 160 | - | 160 | - | 102 | - | |||||||||||||||||||||||||||||||||
Total commercial loans | 9,197 | 192 | 11,090 | 19 | 10,994 | 391 | 12,750 | 61 | |||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 4,159 | 24 | 1,045 | 7 | 3,448 | 72 | 936 | 22 | |||||||||||||||||||||||||||||||||
Home equity lines of credit | 2,570 | 17 | 1,085 | - | 2,059 | 18 | 1,245 | - | |||||||||||||||||||||||||||||||||
Residential construction | 40 | 1 | 76 | - | 40 | 1 | 128 | - | |||||||||||||||||||||||||||||||||
Other loans to individuals | 65 | 1 | 6 | 1 | 69 | 3 | 7 | 3 | |||||||||||||||||||||||||||||||||
Total consumer loans | 6,834 | 43 | 2,212 | 8 | 5,616 | 94 | 2,316 | 25 | |||||||||||||||||||||||||||||||||
Total impaired loans | $ | 16,031 | $ | 235 | $ | 13,302 | $ | 27 | $ | 16,610 | $ | 485 | $ | 15,066 | $ | 86 | |||||||||||||||||||||||||
During the three and nine months ended September 30, 2013, the Company recognized $235 thousand and $485 thousand, respectively, in interest income with respect to impaired loans, primarily accruing TDRs, within the period the loans were impaired. During the three and nine months ended September 30, 2012, the Company recognized $27 thousand and $86 thousand, respectively, with respect to impaired loans. | |||||||||||||||||||||||||||||||||||||||||
Nonaccrual and Past Due Loans - It is the general policy of the Company to place a loan on nonaccrual status when there is probable loss or when there is reasonable doubt that all principal will be collected, or when it is over 90 days past due. At September 30, 2013, there was $357 thousand in loans past due 90 days or more and accruing interest. These loans are being evaluated for collectability at September 30, 2013. At December 31, 2012, there was a $77 thousand loan past due 90 days or more and accruing interest. The recorded investment in nonaccrual loans at September 30, 2013 and December 31, 2012 follows: | |||||||||||||||||||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 256 | $ | 607 | |||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 539 | 1,996 | |||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 213 | 633 | |||||||||||||||||||||||||||||||||||||||
AC&D | 542 | 3,872 | |||||||||||||||||||||||||||||||||||||||
Other commercial | 153 | 168 | |||||||||||||||||||||||||||||||||||||||
Total commercial loans | 1,703 | 7,276 | |||||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 2,456 | 1,096 | |||||||||||||||||||||||||||||||||||||||
Home equity lines of credit | 2,576 | 1,925 | |||||||||||||||||||||||||||||||||||||||
Residential construction | 40 | 71 | |||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 3 | 6 | |||||||||||||||||||||||||||||||||||||||
Total consumer loans | 5,075 | 3,098 | |||||||||||||||||||||||||||||||||||||||
Total nonaccrual loans | $ | 6,778 | $ | 10,374 | |||||||||||||||||||||||||||||||||||||
PCI Loans – PCI loans had an unpaid principal balance of $220.7 million and $278.2 million and a carrying value of $184.8 million and $234.3 million at September 30, 2013 and December 31, 2012, respectively. PCI loans represented 9.5% and 11.5% of total assets at September 30, 2013 and December 31, 2012, respectively. Determining the fair value of the PCI loans at acquisition required the Company to estimate cash flows expected to result from those loans and to discount those cash flows at appropriate rates of interest. For such loans, the excess of cash flows expected to be collected at acquisition over the estimated fair value is recognized as interest income over the remaining lives of the loans and is called the accretable yield. The difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition reflects the impact of estimated credit losses and is called the nonaccretable difference. In accordance with GAAP, there was no carry-over of previously established allowance for loan losses from acquired companies. | |||||||||||||||||||||||||||||||||||||||||
In conjunction with the Citizens South acquisition, the PCI loan portfolio was accounted for at fair value as follows (dollars in thousands): | |||||||||||||||||||||||||||||||||||||||||
1-Oct-12 | |||||||||||||||||||||||||||||||||||||||||
Contractual principal and interest at acquisition | $ | 294,283 | |||||||||||||||||||||||||||||||||||||||
Nonaccretable difference | (47,941 | ) | |||||||||||||||||||||||||||||||||||||||
Expected cash flows at acquisition | 246,342 | ||||||||||||||||||||||||||||||||||||||||
Accretable yield | (37,724 | ) | |||||||||||||||||||||||||||||||||||||||
Basis in PCI loans at acquisition - estimated fair value | $ | 208,618 | |||||||||||||||||||||||||||||||||||||||
In conjunction with the acquisition of Community Capital Corporation (“Community Capital”) in 2011, the PCI loan portfolio was accounted for at fair value as follows (dollars in thousands): | |||||||||||||||||||||||||||||||||||||||||
1-Nov-11 | |||||||||||||||||||||||||||||||||||||||||
Contractual principal and interest at acquisition | $ | 146,843 | |||||||||||||||||||||||||||||||||||||||
Nonaccretable difference | (61,145 | ) | |||||||||||||||||||||||||||||||||||||||
Expected cash flows at acquisition | 85,698 | ||||||||||||||||||||||||||||||||||||||||
Accretable yield | (14,424 | ) | |||||||||||||||||||||||||||||||||||||||
Basis in PCI loans at acquisition - estimated fair value | $ | 71,274 | |||||||||||||||||||||||||||||||||||||||
A summary of changes in the accretable yield for PCI loans for the nine months ended September 30, 2013 and 2012 follows: | |||||||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||||||||||
Accretable yield, beginning of period | $ | 42,734 | $ | 14,264 | |||||||||||||||||||||||||||||||||||||
Addition from the Community Capital acquisition | - | 218 | |||||||||||||||||||||||||||||||||||||||
Interest income | (11,201 | ) | (3,540 | ) | |||||||||||||||||||||||||||||||||||||
Reclassification of nonaccretable difference due to improvement in expected cash flows | 7,445 | 9,374 | |||||||||||||||||||||||||||||||||||||||
Other changes, net | 725 | (1,893 | ) | ||||||||||||||||||||||||||||||||||||||
Accretable yield, end of period | $ | 39,703 | $ | 18,423 | |||||||||||||||||||||||||||||||||||||
Troubled Debt Restructuring - In situations where, for economic or legal reasons related to a borrower's financial difficulties, management may grant a concession for other than an insignificant period of time to the borrower that would not otherwise be considered, the related loan is classified as a TDR. Management strives to identify borrowers in financial difficulty early and work with them to modify to more affordable terms. These modified terms may include rate reductions, principal forgiveness, payment forbearance and other actions intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral. All loan modifications are made on a case-by-case basis. | |||||||||||||||||||||||||||||||||||||||||
The Company had allocated $248 thousand and $54 thousand, respectively, of specific reserves to customers whose loan terms have been modified in a TDR as of September 30, 2013 and December 31, 2012. As of September 30, 2013, the Company had 13 TDR loans totaling $7.6 million, of which $70 thousand are nonaccrual loans. As of December 31, 2012, the Company had 18 TDR loans totaling $10.2 million, of which $2.8 million were nonaccrual loans. | |||||||||||||||||||||||||||||||||||||||||
The following tables represent a breakdown of the types of concessions made by loan class for the three- and nine-month periods ended September 30, 2013 and 2012. | |||||||||||||||||||||||||||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | Number of | Pre-Modification Outstanding Recorded | Post-Modification Outstanding Recorded | Number of | Pre-Modification Outstanding Recorded | Post-Modification Outstanding Recorded | |||||||||||||||||||||||||||||||||||
loans | Investment | Investment | loans | Investment | Investment | ||||||||||||||||||||||||||||||||||||
Below market interest rate | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | - | $ | - | $ | - | 1 | $ | 43 | $ | 43 | |||||||||||||||||||||||||||||||
Total | - | - | - | 1 | 43 | 43 | |||||||||||||||||||||||||||||||||||
Extended payment terms | |||||||||||||||||||||||||||||||||||||||||
AC&D | - | - | - | 1 | 962 | 962 | |||||||||||||||||||||||||||||||||||
Total | - | - | - | 1 | 962 | 962 | |||||||||||||||||||||||||||||||||||
Total | - | $ | - | $ | - | 2 | $ | 1,005 | $ | 1,005 | |||||||||||||||||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||||||||||||||||||||||||||
30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | Number of | Pre-Modification Outstanding Recorded | Post-Modification Outstanding Recorded | Number of | Pre-Modification Outstanding Recorded | Post-Modification Outstanding Recorded | |||||||||||||||||||||||||||||||||||
loans | Investment | Investment | loans | Investment | Investment | ||||||||||||||||||||||||||||||||||||
Below market interest rate | |||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 1 | $ | 3,610 | $ | 3,610 | 1 | $ | 3,610 | $ | 3,610 | |||||||||||||||||||||||||||||||
Total | 1 | $ | 3,610 | $ | 3,610 | 1 | $ | 3,610 | $ | 3,610 | |||||||||||||||||||||||||||||||
There were no loans that were modified as TDRs within the 12 months ended September 30, 2013 and for which there was a payment default during the three months or nine months ended June 30, 2013. The following table presents loans that were modified as TDRs within the 12 months ended September 30, 2012 and for which there was a payment default during the three or nine months ended September 30, 2012 (dollars in thousands): | |||||||||||||||||||||||||||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||||||||||||||||||||||||||
30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||||||||||||||||||||||
Number of loans | Recorded Investment | Number of loans | Recorded Investment | ||||||||||||||||||||||||||||||||||||||
Below market interest rate | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | - | $ | - | 1 | $ | 323 | |||||||||||||||||||||||||||||||||||
Total | - | $ | - | 1 | $ | 323 | |||||||||||||||||||||||||||||||||||
The Company does not deem a TDR to be successful until it has been re-established as an accruing loan. The following table presents the successes and failures of the types of modifications indicated within the 12 months ended September 30, 2013 and 2012 (dollars in thousands): | |||||||||||||||||||||||||||||||||||||||||
Twelve Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Paid in full | Paying as restructured | Nonaccrual | Foreclosure/Default | ||||||||||||||||||||||||||||||||||||||
Number of | Recorded Investment | Number of | Recorded Investment | Number of | Recorded Investment | Number of | Recorded Investment | ||||||||||||||||||||||||||||||||||
loans | loans | loans | loans | ||||||||||||||||||||||||||||||||||||||
Below market interest rate | 2 | $ | 164 | 1 | $ | 42 | - | $ | - | - | $ | - | |||||||||||||||||||||||||||||
Extended payment terms | 1 | 329 | 1 | 109 | - | - | - | - | |||||||||||||||||||||||||||||||||
Total | 3 | $ | 493 | 2 | $ | 151 | - | $ | - | - | $ | - | |||||||||||||||||||||||||||||
Twelve Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||||||
Paid in full | Paying as restructured | Nonaccrual | Foreclosure/Default | ||||||||||||||||||||||||||||||||||||||
Number of | Recorded Investment | Number of | Recorded Investment | Number of | Recorded Investment | Number of | Recorded Investment | ||||||||||||||||||||||||||||||||||
loans | loans | loans | loans | ||||||||||||||||||||||||||||||||||||||
Below market interest rate | - | $ | - | 1 | $ | 3,592 | 1 | $ | 322 | - | $ | - | |||||||||||||||||||||||||||||
Extended payment terms | - | - | 2 | 415 | 2 | 426 | - | - | |||||||||||||||||||||||||||||||||
Total | - | $ | - | 3 | $ | 4,007 | 3 | $ | 748 | - | $ | - | |||||||||||||||||||||||||||||
Related Party Loans – From time to time, the Company engages in loan transactions with its directors, executive officers and their related interests (collectively referred to as “related parties”). Such loans are made in the ordinary course of business and on substantially the same terms and collateral as those for comparable transactions prevailing at the time and do not involve more than the normal risk of collectability or present other unfavorable features. A summary of activity in loans to related parties is as follows: | |||||||||||||||||||||||||||||||||||||||||
Loans to Directors, Executive Officers and Their Related Interests | |||||||||||||||||||||||||||||||||||||||||
Nine Months Ended | |||||||||||||||||||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 4,184 | $ | 3,998 | |||||||||||||||||||||||||||||||||||||
Disbursements | 12,830 | 710 | |||||||||||||||||||||||||||||||||||||||
Repayments | (1,928 | ) | (429 | ) | |||||||||||||||||||||||||||||||||||||
Ending balance | $ | 15,086 | $ | 4,279 | |||||||||||||||||||||||||||||||||||||
At September 30, 2013 and December 31, 2012, the Company had pre-approved but unused lines of credit totaling $2.8 million and $1.8 million, respectively, to related parties. |
Note_6_FDIC_For_Loss_Share_Agr
Note 6 - FDIC For Loss Share Agreements | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
Disclosure Text Block Supplement [Abstract] | ' | ||||
Other Assets Disclosure [Text Block] | ' | ||||
Note 6 – FDIC Loss Share Agreements | |||||
In connection with the Citizens South acquisition, the Bank assumed two purchase and assumption agreements with the FDIC that cover approximately $76.0 million of loans (the “covered loans”) and $6.2 million of OREO (the “covered OREO”) at September 30, 2013. Citizens South acquired these assets in prior transactions with the FDIC. | |||||
Within the first purchase and assumption agreement are two loss share agreements, which originated in April 2011, related to Citizens South’s acquisition of New Horizons Bank, a Georgia state-chartered bank headquartered in East Ellijay, Georgia. The first loss share agreement covers certain residential loans and OREO for a period of ten years. The other loss-share agreement covers all remaining covered assets for a period of five years. Pursuant to the terms of these loss-share agreements, the FDIC is obligated to reimburse the Bank for 80% of all eligible losses, which begins with the first dollar of loss incurred, and certain collection and disposition expenses with respect to covered assets. The Bank has a corresponding obligation to reimburse the FDIC for 80% of eligible recoveries with respect to covered assets for a period of ten years for residential properties and eight years for all other covered assets. At September 30, 2013, the Bank recorded an estimated receivable from the FDIC for $5.9 million, which represents the discounted value of the FDIC’s estimated portion of the expected future loan losses. | |||||
Within the second purchase and assumption agreement are two loss share agreements, which originated in March 2010, related to Citizen South’s acquisition of Bank of Hiawassee, a Georgia state-chartered bank headquartered in Hiawassee, Georgia. Under these loss-share agreements, the FDIC will cover 80% of net loan losses up to $102 million and 95% of net loan losses that exceed $102 million. The term of the loss-share agreements is ten years for losses and recoveries on residential real estate loans, five years for losses on all other loans and eight years for recoveries on all other loans. At September 30, 2013, the Bank recorded an estimated receivable from the FDIC for $8.1 million, which represents the discounted value of the FDIC’s estimated portion of the expected future loan losses. | |||||
The following table provides changes in the receivable from the FDIC for the nine months ended September 30, 2013: | |||||
Balance, beginning of period | $ | 18,697 | |||
Increase in expected losses on loans | 297 | ||||
Additional losses to OREO | 438 | ||||
Reimbursable expenses (income) | 321 | ||||
Amortization discounts and premiums, net | (209 | ) | |||
Reimbursements from the FDIC | (6,104 | ) | |||
Other changes, net | 519 | ||||
Balance, end of period | $ | 13,959 | |||
The FDIC receivable for loss share agreements is measured separately from the related covered assets and is recorded at carrying value. At September 30, 2013, the projected cash flows related to the FDIC receivable for losses on covered loans and assets were approximately $12.7 million. At December 31, 2012, the projected cash flows related to the FDIC receivable for a loss on covered loans and assets was approximately $19.6 million. | |||||
In relation to the FDIC indemnification asset is an expected "true-up" with the FDIC related to the loss share agreements described above. The loss share agreements between the Bank and the FDIC with respect to New Horizons Bank and Bank of Hiawassee each contain a provision that obligates us to make a "true-up" payment to the FDIC if the realized losses of each of these acquired banks are less than expected. This amount is determined each reporting period. At both September 30, 2013 and December 31, 2012, the “true-up” amount was estimated to be approximately $4.9 million at the end of the loss share agreements. These amounts are recorded in other liabilities on the balance sheet. The actual payment will be determined at the end of the term of the loss sharing agreements and is based on the negative bid, expected losses, intrinsic loss estimate, and assets covered under the loss share agreements. |
Note_7_Other_Real_Estate_Owned
Note 7 - Other Real Estate Owned | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||
Real Estate Owned [Text Block] | ' | ||||||||||||||||
Note 7 – Other Real Estate Owned | |||||||||||||||||
The Company owned $14.9 million and $25.1 million in OREO at September 30, 2013 and December 31, 2012, respectively. In 2012, the Company acquired $16.1 million in OREO through the merger with Citizens South. Approximately $6.2 million of this OREO is covered under the loss share agreements with the FDIC. Transactions in OREO for the three and nine months ended September 30, 2013 and 2012 are summarized below: | |||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
Non-covered OREO | September 30, | September 30, | September 30, | September 30, | |||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(dollars in thousands) | |||||||||||||||||
Beginning balance | $ | 9,741 | $ | 14,744 | $ | 18,427 | $ | 14,403 | |||||||||
Additions | 772 | 1,286 | 1,735 | 7,464 | |||||||||||||
Sales | (1,667 | ) | (2,247 | ) | (11,009 | ) | (7,043 | ) | |||||||||
Writedowns | (138 | ) | (755 | ) | (445 | ) | (1,796 | ) | |||||||||
Ending balance | $ | 8,708 | $ | 13,028 | $ | 8,708 | $ | 13,028 | |||||||||
Three months ended | Nine months ended | ||||||||||||||||
Covered OREO | September 30, | September 30, | September 30, | September 30, | |||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(dollars in thousands) | |||||||||||||||||
Beginning balance | $ | 6,542 | $ | - | $ | 6,646 | $ | - | |||||||||
Additions | 1,887 | - | 5,203 | - | |||||||||||||
Sales | (2,255 | ) | - | (4,969 | ) | - | |||||||||||
Writedowns | (1 | ) | - | (707 | ) | - | |||||||||||
Ending balance | $ | 6,173 | $ | - | $ | 6,173 | $ | - | |||||||||
Note_8_Income_Taxes
Note 8 - Income Taxes | 9 Months Ended | ||
Sep. 30, 2013 | |||
Income Tax Disclosure [Abstract] | ' | ||
Income Tax Disclosure [Text Block] | ' | ||
Note 8 – Income Taxes | |||
Income taxes are provided based on the asset-liability method of accounting, which includes the recognition of deferred tax assets (“DTAs”) and liabilities for the temporary differences between carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. In general, the Company records a DTA when the event giving rise to the tax benefit has been recognized in the consolidated financial statements. | |||
As of September 30, 2013 and December 31, 2012, the Company had a net DTA in the amount of approximately $38.5 million and $41.0 million, respectively. The decrease is a function of earnings through September 30, 2013. The Company evaluates the carrying amount of its DTA on a quarterly basis in accordance with the guidance provided in FASB ASC Topic 740 (“ASC 740”), in particular, applying the criteria set forth therein to determine whether it is more likely than not (i.e., a likelihood of more than 50%) that some portion, or all, of the DTA will not be realized within its life cycle, based on the weight of available evidence. In most cases, the realization of the DTA is dependent upon the Company generating a sufficient level of taxable income in future periods, which can be difficult to predict. If the Company’s forecast of taxable income within the carry forward periods available under applicable law is not sufficient to cover the amount of net deferred assets, such assets may be impaired. Based on the weight of available evidence, the Company has determined, as of September 30, 2013 and December 31, 2012, that it is more likely than not that it will be able to fully realize the existing DTA and therefore considers it appropriate not to establish a DTA valuation allowance at either September 30, 2013 or December 31, 2012. | |||
The Company considers all available evidence, positive and negative, to determine whether a DTA valuation allowance is appropriate. In conducting the DTA analysis, the Company currently believes it is essential to differentiate between the unique characteristics of each industry or business. In particular, characteristics such as business model, level of capital and reserves held by financial institutions and their ability to absorb potential losses are important distinctions to be considered for bank holding companies, such as the Company. | |||
Negative Evidence. The Company considered the following five areas of potential negative evidence identified in ASC 740 as part of its DTA analysis: | |||
1 | Rolling twelve-quarter cumulative loss. | ||
The Bank commenced operations in late 2006, attained profitability in the third quarter of 2008 and remained profitable through the second quarter of 2010 before its business was materially impacted by the recent economic downturn. As a result, the Bank moved into a rolling twelve-quarter cumulative pre-tax loss position during the third quarter of 2010. A cumulative loss in recent years is a significant piece of negative evidence that is difficult to overcome. However, the Company evaluates the circumstances behind those losses and considers them in the context of the current economic environment and the significant changes it has made to address the circumstances underlying the losses. | |||
As of September 30, 2013, the Company is no longer in a rolling three-year cumulative pre-tax loss position, as earnings have continued to improve. However, the Company is in a rolling three-year cumulative after-tax loss position of $2.0 million as of September 30, 2013. The Company’s three-year cumulative pre-tax loss position was $19.6 million and $25.4 million at December 31, 2012 and 2011, respectively. The September 30, 2013 after-tax and December 31, 2012 and December 31, 2011 pre-tax loss positions were driven, in large part, by rolling twelve-quarter cumulative provision expenses of $20.0 million. This high level of provision expense reflects the negative impact on the Company’s loan portfolio from the effects of the extended economic downturn. The risk of loan loss is inherent to the banking industry. The Company considered the special circumstances of the economic environment of the last few years, which led to these high historical provision levels and currently believes they are unlikely to be repeated going forward, given changes in the Company’s lending practices, business strategy, risk tolerance, capital levels and operating practices. | |||
Based on current internal loss data analysis, approximately 75% of rolling twelve-quarter cumulative net charge-offs are associated with construction & development (“C&D”, which includes both commercial AC&D and residential construction) lending (which was impacted the most by the economic downturn). Prior to the Bank’s public offering in August 2010, the Bank had allowed an excessive concentration to build in C&D exposures, which peaked at $159 million, or 43% of total loans, in the fourth quarter of 2008. In the second quarter of 2010, C&D exposures were $124 million, or 31% of total loans. Following the public offering, the Company reconstituted its executive management team with significant new hires, immediately curtailed originating new residential C&D exposures and significantly tightened standards for all other types of C&D lending. These changes reflect both the Company’s new business strategies and risk tolerance, which include building a more diversified loan portfolio both by geography and product type. As of September 30, 2013, C&D exposures were 14% of total loans, or $189.3 million. | |||
The Company has also significantly strengthened its lending practices including the additions of a new chief risk officer, chief credit officer, head of special assets, manager of credit underwriting and additional credit underwriters. The Company currently believes it has remediated many of the circumstances that led to the rolling twelve-quarter cumulative pre-tax loss position and currently does not expect these losses to continue in the future. | |||
2 | History of operating loss or tax credit carry forwards expiring unused. | ||
The Company has no history of operating loss or tax carry forwards expiring unused. | |||
3 | Losses expected in early future years (by a presently profitable entity). | ||
Management currently expects to be profitable in early future years. | |||
4 | Unsettled circumstances that, if unfavorably unresolved, would adversely affect future operations and profit levels on a continuing basis in future years. | ||
The Company is not currently aware of any unsettled circumstances that, if unfavorably resolved, would adversely affect future operations and profit levels on a continuing basis in future years. | |||
5 | Carryback or carry forward period that is so brief it would limit realization of tax benefits if a significant deductible temporary difference is expected to reverse in a single year or the entity operates in a traditionally cyclical business. | ||
Approximately $13.7 million, or 35.6%, of the DTA existing at September 30, 2013 related to net operating loss carry forwards that do not expire until December 31, 2032, leaving over eighteen years for utilization. Approximately $14.4 million, or 34%, of the DTA existing at December 31, 2012 related to net operating loss carry forwards with availability for application out as far as 20 years. | |||
Positive Evidence. The Company considered the following sources of future taxable income identified in ASC 740 as positive evidence to weigh against the negative evidence described above: | |||
1 | Future reversals of existing taxable temporary differences and carry forwards. | ||
The Company’s largest future reversals relate to its PCI loans and allowance for loan losses, which represented $32.0 million and $2.9 million, respectively, of the DTA at September 30, 2013. Current tax, accounting and regulatory treatment of the allowance generally results in substantial taxable temporary differences for financial institutions engaged in lending activities. The following is a brief description of the Company’s current expectations regarding recognition or reversal of the major components of the allowance: | |||
● | Specific reserves, which totaled $946 thousand at September 30, 2013, relate to identified impairments and are based on individual loan-collectability analyses. The Company currently estimates that specific reserves will generally reverse within two quarters of establishment, and currently believes these reserves are very unlikely to remain unaddressed after four quarters of establishment. To be conservative, specific reserves are currently assumed to reverse within one year. | ||
● | Quantitative and qualitative reserves on the non-acquired portfolio, which totaled $7.3 million at September 30, 2013, are based on model-driven estimates of inherent loss content in the performing loan portfolio based on historical loss rates by loan product type. The Company currently estimates that these reserves will generally reverse within six to eight quarters of establishment. However, the Company currently estimates that the average life of the underlying loan pool is approximately three years; therefore, all quantitative reserves are currently assumed to reverse within approximately three years. | ||
● | Qualitative reserves on purchased performing loans, which totaled $380 thousand at September 30, 2013, are based on the Company’s judgment around the timing difference expected to occur between accretion of the fair market value credit adjustment and realization of actual loans losses. The Company currently estimates that the average life of the underlying loan pool is approximately three years and these reserves are currently assumed to reverse within that time. | ||
● | Quantitative reserves on PCI loans, which totaled $6 thousand at September 30, 2013, are determined in connection with the quarterly cash flows analyses for this portion of the acquired loan book. The Company compares the initial expected cash flows to the new remaining expected cash flows. Increases in cash flows over those expected at the acquisition date are recognized as interest income prospectively. Decreases in expected cash flows after the acquisition date are recognized by recording an allowance for loan losses. The Company currently estimates that the average life of the underlying loan pool is approximately three years and these reserves are currently assumed to reverse within that time. | ||
Given these assumptions, the Company currently expects the full allowance-driven component of its DTA to reverse within approximately three years, meaning either (i) the Company will generate sufficient taxable income to fully utilize these reversals through reduced tax payments or (ii) these reversals will shift to net operating loss carry forwards with an expected 20-year life, which would be utilized as the Company generates sufficient taxable income over that period. | |||
2 | Taxable income in carryback year(s). | ||
Approximately $14.4 million, or 40%, of the estimated DTA at December 31, 2012 related to net operating loss carry forwards with expected expiration dates out over 18 years. Approximately $13.7 million, or 35.6%, of the estimated DTA at September 30, 2013 related to net operating loss carryforwards with expected expiration dates out as long as 20 years. Management currently believes that the Company will generate sufficient taxable income to fully utilize these net operating losses before expiration. | |||
3 | Future taxable income, exclusive of reversing temporary differences and carry forwards. | ||
Projecting future taxable income requires estimates and judgments about future events that may be predictable, but that are less certain than past events that can be objectively measured. In projecting future taxable income, the Company considered the significant change in its strategy that occurred in mid-2010, from previously growing organically at a moderate pace to creating a regional community bank through a combination of mergers and acquisitions and accelerated organic growth. This transition was facilitated by the completion of the public offering in August 2010 and the addition of new executive management and additional independent board members. The Company is focused on long-term results and has taken actions to achieve this objective, including: | |||
● | Addressing legacy problem assets, particularly C&D-related exposures, to move more rapidly through the cycle; | ||
● | Consummating the merger with Community Capital; | ||
● | Consummating the merger with Citizens South and expanding its market into Georgia; | ||
● | Hiring experienced bankers and opening de novo offices in three new markets (Charleston, South Carolina, the Upstate and Midlands areas of South Carolina and the Research Triangle region of North Carolina); | ||
● | Hiring bankers to begin a new asset-based lending line of business; | ||
● | Significantly strengthening the leadership team with the addition of a new chief credit officer, head of special assets, head of managerial reporting, chief accounting officer and other positions; and | ||
● | Maintaining significant excess capital to support both the above-mentioned organic and acquisition-related growth initiatives. | ||
The progress already made indicates that the change in business plan is well on track to achieve its intended objectives. Management presents, generally on a monthly basis, a financial forecast to the board of directors that incorporates current assumptions and timelines regarding the Company’s baseline activities, including assumptions regarding loan and deposit growth. These assumptions and timelines are periodically evaluated both in terms of their historical trends and absolute levels. Under each scenario, the Company currently expects its pre-tax profitability to build to levels sufficient to fully absorb the existing DTA. | |||
4 | Tax-planning strategies that could, if necessary, be implemented. | ||
As provided by ASC 740, the Company considers certain prudent and feasible tax-planning strategies that, if implemented, could prevent an operating loss or tax credit carry forward from expiring unused and could result in realization of the existing DTA. The Company currently expects that these tax-planning strategies could generate pre-tax profitability at levels sufficient to fully absorb the existing DTA. The Company has no present intention to implement such strategies. | |||
The Company has determined that it is more likely than not that it will be able to fully realize the existing DTA. Additionally, the Company has considered the fact that as of September 30, 2013, it is no longer in a three-year cumulative pre-tax loss position, thereby eliminating that area of negative evidence. Management will continue to evaluate the carrying value of the Company’s DTA on a quarterly basis, in accordance with ASC 740, and will determine any need for a valuation allowance based upon circumstances and expectations then in existence. |
Note_9_Per_Share_Results
Note 9 - Per Share Results | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||||||
Note 9 - Per Share Results | |||||||||||||||||
Basic earnings per share represent income available to common shareholders divided by the weighted-average number of shares outstanding during the year. Diluted earnings per share reflect additional shares that would have been outstanding if dilutive potential shares had been issued. Potential shares that may be issued by the Company relate solely to outstanding stock options and restricted shares (non-vested shares), and are determined using the treasury stock method. Under the treasury stock method, the number of incremental shares is determined by assuming the issuance of stock for the outstanding stock options reduced by the number of shares assumed to be repurchased from the issuance proceeds, using the average market price for the year of the Company's stock. Weighted-average shares for the basic and diluted EPS calculations have been reduced by the average number of unvested restricted shares. | |||||||||||||||||
Weighted-Average Shares for Earnings Per Share Calculation | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
30-Sep | 30-Sep | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Weighted-average number of common shares outstanding | 44,170,964 | 32,138,367 | 44,098,417 | 32,111,466 | |||||||||||||
Effect of dilutive stock options and restricted shares | 102,857 | 187 | 74,052 | 61 | |||||||||||||
Weighted-average number of common shares and dilutive potential common shares outstanding | 44,273,821 | 32,138,554 | 44,172,469 | 32,111,527 | |||||||||||||
There were 2,664,625 outstanding stock options that were anti-dilutive for the three-month period ended September 30, 2013 and 2,678,958 for the nine-month period ended September 30, 2013. There were 2,155,189 and 2,156,689 outstanding stock options that were antidilutive for each of the three- and nine-month periods ended September 30, 2012. In all periods, the anti-dilution was due to the exercise prices exceeding the market price for the period. | |||||||||||||||||
There were 554,400 outstanding restricted shares that were anti-dilutive for the three- and nine-month periods ended September 30, 2013, due to the vesting price exceeding the average market price for the periods, which were omitted from the calculation. At September 30, 2013, these restricted shares had performance conditions, which will vest one-third each when the Company’s share price achieves, for 30 consecutive trading days, $8.125, $9.10 and $10.40, respectively. For the three- and nine-month periods ended September 30, 2012, 631,260 and 568,260 outstanding restricted shares, respectively, were anti-dilutive. |
Note_10_Preferred_Stock
Note 10 - Preferred Stock | 9 Months Ended |
Sep. 30, 2013 | |
Disclosure Text Block Supplement [Abstract] | ' |
Preferred Stock [Text Block] | ' |
Note 10 – Preferred Stock | |
In connection with the Citizens South acquisition, the Company issued 20,500 shares of its Senior Non-Cumulative Perpetual Preferred Stock, Series C (the “Series C Preferred Stock”) upon conversion of Citizens South’s preferred stock that previously was issued to the Treasury pursuant to a Securities Purchase Agreement between Citizens South and the Treasury in connection with Citizens South’s participation in the SBLF program. | |
On September 30, 2013, the Company fully redeemed the 20,500 shares of the Series C Preferred Stock and exited the SBLF program. |
Note_11_Commitments_and_Contin
Note 11 - Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies Disclosure [Text Block] | ' |
Note 11 - Commitments and Contingencies | |
In the normal course of business, there are various outstanding commitments and contingent liabilities, such as commitments to extend credit, which are not reflected in the accompanying unaudited condensed consolidated financial statements. At September 30, 2013, we had $264.9 million of pre-approved but unused lines of credit, $3.8 million of standby letters of credit and $4.2 million of commercial letters of credit. At December 31, 2012, we had $251.9 million of pre-approved but unused lines of credit, $3.9 million of standby letters of credit and $5.6 million of commercial letters of credit. In management’s opinion, these commitments represent no more than normal lending risk to us and will be funded from normal sources of liquidity. |
Note_12_Derivative_Financial_I
Note 12 - Derivative Financial Instruments and Hedging Activities | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ' | |||||||||||||||||
Note 12 - Derivative Financial Instruments and Hedging Activities | ||||||||||||||||||
As of September 30, 2013, the Company maintained two loan swaps accounted for as fair value hedges in accordance with ASC 815. The aggregate original notional amount of these loan swaps was $6.2 million. These derivative instruments are used to protect the Company from interest rate risk caused by changes in the LIBOR curve in relation to certain designated fixed rate loans and are accounted for as fair value hedges. The derivative instruments are used to convert these fixed rate loans to an effective floating rate. If the LIBOR rate is below the stated fixed rate of the loan for a given period, the Company will owe the floating rate payer the notional amount times the difference between LIBOR and the stated fixed rate. If LIBOR is above the stated rate for any given period during the term of the contract, the Company will receive payments based on the notional amount times the difference between LIBOR and the stated fixed rate. These derivative instruments are carried at a fair market value of $(0.3) million and $(0.5) million at September 30, 2013 and December 31, 2012, respectively, and are included in other liabilities. The loans being hedged are also recorded at fair value. These fair value hedges had no indications of ineffectiveness for any of the periods presented. The Company recorded interest expense on these loan swaps of $35 thousand and $0.2 million, respectively, in the three and nine months ended September 30, 2013, and $0.1 million and $0.3 million, respectively, in the three and nine months ended September 30, 2012. | ||||||||||||||||||
The following table presents information on the individual loan swaps at September 30, 2013: | ||||||||||||||||||
Individual Loan Swap Information | ||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||
Original | Current | Termination | Fixed | Floating | Floating | |||||||||||||
Notional | Notional | Date | Rate | Rate | Rate | |||||||||||||
Amount | Amount | Payer | ||||||||||||||||
Spread | ||||||||||||||||||
$ | 2,555 | $ | 2,423 | 10/15/15 | 5.5 | % | USD-LIBOR-BBA | 2.88 | % | |||||||||
3,595 | 3,260 | 4/27/17 | 5.25 | % | USD-LIBOR-BBA | 2.73 | % | |||||||||||
$ | 6,150 | $ | 5,683 | |||||||||||||||
Note_13_Fair_Value_Measurement
Note 13 - Fair Value Measurements | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||||||||||
Note 13 - Fair Value Measurements | |||||||||||||||||||||
The Company is required to disclose the estimated fair value of financial instruments, both assets and liabilities on and off the balance sheet, for which it is practicable to estimate fair value. These fair value estimates are made at each balance sheet date, based on relevant market information and information about the financial instruments. Fair value estimates are intended to represent the price at which an asset could be sold or the price for which a liability could be settled in an orderly transaction between market participants at the measurement date. However, given there is no active market or observable market transactions for many of the Company’s financial instruments, the Company has made estimates of many of these fair values which are subjective in nature, involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimated values. The methodologies used for estimating the fair value of financial assets and financial liabilities are discussed below: | |||||||||||||||||||||
Cash and Cash Equivalents | |||||||||||||||||||||
Cash and cash equivalents, which are comprised of cash and due from banks, interest-bearing balances at banks and Federal funds sold, approximate their fair value. | |||||||||||||||||||||
Investment Securities | |||||||||||||||||||||
Fair value for investment securities is based on the quoted market price if such information is available. If a quoted market price is not available, fair values are based on quoted market prices of comparable instruments. | |||||||||||||||||||||
Nonmarketable Equity Securities | |||||||||||||||||||||
Cost is a reasonable estimate of fair value for nonmarketable equity securities because no quoted market prices are available and the securities are not readily marketable. The carrying amount is adjusted for any permanent declines in value. | |||||||||||||||||||||
Loans, Net of Allowance and Loans Held for Sale | |||||||||||||||||||||
For certain homogenous categories of loans, such as residential mortgages, fair value is estimated using the quoted market prices for securities backed by similar loans, adjusted for differences in loan characteristics. The fair value of other types 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. Further adjustments are made to reflect current market conditions. There is no discount for liquidity included in the expected cash flow assumptions. | |||||||||||||||||||||
FDIC Indemnification Asset | |||||||||||||||||||||
The fair value of the FDIC indemnification asset is estimated based on discounted future cash flows using current discount rates. | |||||||||||||||||||||
Accrued Interest Receivable | |||||||||||||||||||||
The carrying amount is a reasonable estimate of fair value. | |||||||||||||||||||||
Deposits | |||||||||||||||||||||
The fair value of deposits that have no stated maturities, including demand deposits, savings, money market and NOW accounts, is the amount payable on demand at the reporting date. The fair value of deposits that have stated maturity dates, primarily time deposits, is estimated by discounting expected cash flows using the rates currently offered for instruments of similar remaining maturities. | |||||||||||||||||||||
Borrowings | |||||||||||||||||||||
The fair values of short-term and long-term borrowings are based on discounting expected cash flows at the interest rate for debt with the same or similar remaining maturities and collateral requirements. | |||||||||||||||||||||
Subordinated Debentures | |||||||||||||||||||||
The fair value of fixed rate subordinated debentures is estimated using a discounted cash flow calculation that applies the Company’s current borrowing rate. The carrying amounts of variable rate borrowings are reasonable estimates of fair value because they can reprice frequently. | |||||||||||||||||||||
Contingent Payable | |||||||||||||||||||||
The carrying amount is a reasonable estimate of fair value. | |||||||||||||||||||||
Accrued Interest Payable | |||||||||||||||||||||
The carrying amount is a reasonable estimate of fair value. | |||||||||||||||||||||
Derivative Instruments | |||||||||||||||||||||
Derivative instruments, including interest rate swaps and swap fair value hedges, are recorded at fair value on a recurring basis. Fair value measurement is based on discounted cash flow models. All future floating cash flows are projected and both floating and fixed cash flows are discounted to the valuation date. | |||||||||||||||||||||
Financial Instruments with Off-Balance Sheet Risk | |||||||||||||||||||||
With regard to financial instruments with off-balance sheet risk, it is not practicable to estimate the fair value of future financing commitments. | |||||||||||||||||||||
The Company utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Securities available-for-sale and derivative instruments are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record other assets at fair value on a nonrecurring basis. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. | |||||||||||||||||||||
The Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. | |||||||||||||||||||||
Level 1 | Valuation is based upon quoted prices for identical instruments traded in active markets. | ||||||||||||||||||||
Level 2 | Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market. | ||||||||||||||||||||
Level 3 | Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques may include the use of option pricing models, discounted cash flow models and similar techniques. | ||||||||||||||||||||
The carrying amounts and estimated fair values of the Company’s financial instruments, none of which are held for trading purposes, at September 30, 2013 and December 31, 2012 are as follows: | |||||||||||||||||||||
Financial Instruments Carrying Amounts and Estimated Fair Values | |||||||||||||||||||||
Fair Value Measurements | |||||||||||||||||||||
(Dollars in thousands) | Carrying | Estimated | Quoted Prices in Active Markets for Identical Assets or Liabilities | Significant Other Observable Inputs | Significant Unobservable Inputs | ||||||||||||||||
Amount | Fair Value | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
September 30, 2013: | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 52,697 | $ | 52,697 | $ | 52,697 | $ | - | $ | - | |||||||||||
Investment securities | 355,032 | 355,076 | 1,839 | 352,827 | 410 | ||||||||||||||||
Nonmarketable equity securities | 6,805 | 6,805 | - | 6,805 | - | ||||||||||||||||
Loans held for sale | 3,070 | 3,070 | - | 3,070 | - | ||||||||||||||||
Loans, net of allowance | 1,307,690 | 1,280,248 | - | 5,973 | 1,274,275 | ||||||||||||||||
FDIC indemnification asset | 13,959 | 12,674 | - | - | 12,674 | ||||||||||||||||
Accrued interest receivable | 4,006 | 4,006 | - | - | 4,006 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits with no stated maturity | 991,322 | 991,322 | - | 991,322 | - | ||||||||||||||||
Deposits with stated maturities | 564,641 | 565,085 | - | 565,085 | - | ||||||||||||||||
Swap fair value hedge | 290 | 290 | - | 290 | - | ||||||||||||||||
Borrowings | 99,634 | 99,453 | - | 99,453 | - | ||||||||||||||||
Contingent payable | 3,003 | 3,003 | - | 3,003 | - | ||||||||||||||||
Accrued interest payable | 425 | 425 | - | 425 | - | ||||||||||||||||
December 31, 2012: | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 184,142 | $ | 184,142 | $ | 184,142 | $ | - | $ | - | |||||||||||
Investment securities | 245,571 | 245,571 | - | 245,156 | 415 | ||||||||||||||||
Nonmarketable equity securities | 7,422 | 7,422 | - | 7,422 | - | ||||||||||||||||
Loans held for sale | 14,147 | 14,147 | - | 14,147 | - | ||||||||||||||||
Loans, net of allowance | 1,346,116 | 1,332,683 | - | 11,390 | 1,321,293 | ||||||||||||||||
FDIC indemnification asset | 18,697 | 18,697 | - | - | 18,697 | ||||||||||||||||
Accrued interest receivable | 3,821 | 3,821 | - | 3,821 | |||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits with no stated maturity | 1,002,258 | 1,002,258 | - | 1,002,258 | - | ||||||||||||||||
Deposits with stated maturities | 629,746 | 631,289 | - | 631,289 | - | ||||||||||||||||
Swap fair value hedge | 453 | 453 | - | 453 | - | ||||||||||||||||
Borrowings | 101,716 | 101,307 | - | 101,307 | - | ||||||||||||||||
Contingent payable | 3,003 | 3,003 | - | 3,003 | - | ||||||||||||||||
Accrued interest payable | 516 | 516 | - | 516 | - | ||||||||||||||||
The following is a description of valuation methodologies used for assets and liabilities recorded at fair value: | |||||||||||||||||||||
Investment Securities | |||||||||||||||||||||
Investment securities available-for-sale are recorded at fair value on a recurring basis. Investment securities held-to-maturity are valued at quoted market prices or dealer quotes similar to securities available for sale. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange, U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include MBS issued by government-sponsored entities or private label entities, municipal bonds and corporate debt securities that are valued using quoted prices for similar instruments in active markets. Securities classified as Level 3 include a corporate debt security in a less liquid market whose value is determined by reference to the going rate of a similar debt security if it were to enter the market at period end. The derived market value requires significant management judgment and is further substantiated by discounted cash flow methodologies. | |||||||||||||||||||||
Derivative Instruments | |||||||||||||||||||||
Derivative instruments held or issued by the Company for risk management purposes are traded in over-the-counter markets where quoted market prices are not readily available. For those derivatives, the Company uses a third party to measure the fair value on a recurring basis. The Company classifies derivative instruments held or issued for risk management purposes as Level 2. As of September 30, 2013 and December 31, 2012, the Company’s derivative instruments consist of swap fair value hedges. | |||||||||||||||||||||
Loans | |||||||||||||||||||||
Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures it for the estimated impairment. The fair value of impaired loans is estimated using one of several methods, including collateral value, discounted cash flows or a pooled probability of default and loss given default calculation. Those impaired loans not requiring a specific allowance represent loans for which the fair value exceeds the recorded investments in such loans. Impaired loans where a specific allowance is established based on the fair value of collateral require classification in the fair value hierarchy. The Company records such impaired loans as nonrecurring Level 3. | |||||||||||||||||||||
The Company recorded the two loans involved in fair value hedges at fair market value on a recurring basis. The Company does not record other loans at fair value on a recurring basis. | |||||||||||||||||||||
Loans held for sale | |||||||||||||||||||||
Loans held for sale are adjusted to lower of cost or market upon transfer from the loan portfolio to loans held for sale. Subsequently, loans held for sale are carried at the lower of carrying value or fair value. Fair value is based upon independent market prices, appraised values of the collateral, management’s estimation of the value of the collateral or commitments on hand from investors within the secondary market for loans with similar characteristics. The fair value adjustments for loans held for sale are recorded as nonrecurring Level 2. | |||||||||||||||||||||
Other real estate owned | |||||||||||||||||||||
OREO is adjusted to fair value upon transfer of the loans to OREO. Subsequently, OREO is carried at the lower of carrying value or fair value less costs to sell. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. When the fair value of the collateral is measured due to further deterioration in the value of the OREO since initial recognition, the Company records the foreclosed asset as nonrecurring Level 3. | |||||||||||||||||||||
Assets and Liabilities Recorded at Fair Value on a Recurring Basis | |||||||||||||||||||||
The table below presents, by level, the recorded amount of assets and liabilities at September 30, 2013 and December 31, 2012 measured at fair value on a recurring basis: | |||||||||||||||||||||
Fair Value on a Recurring Basis | |||||||||||||||||||||
Description | Quoted Prices in | Significant | Significant | Assets/Liabilities | |||||||||||||||||
Active Markets for | Other | Unobservable Inputs | at Fair Value | ||||||||||||||||||
Identical Assets | Observable Inputs | (Level 3) | |||||||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
U.S. Government agencies | $ | - | $ | 563 | $ | - | $ | 563 | |||||||||||||
Municipal securities | - | 16,614 | - | 16,614 | |||||||||||||||||
Residential agency mortgage-backed securities | - | 94,660 | - | 94,660 | |||||||||||||||||
Commercial mortgage-backed securities | - | 62,061 | - | 62,061 | |||||||||||||||||
All other debt securities | - | 152,249 | 410 | 152,659 | |||||||||||||||||
All other equity securities | 1,839 | - | - | 1,839 | |||||||||||||||||
Fair value loans | - | 5,973 | - | 5,973 | |||||||||||||||||
Swap fair value hedge | - | (290 | ) | - | (290 | ) | |||||||||||||||
31-Dec-12 | |||||||||||||||||||||
U.S. Government agencies | $ | - | $ | 583 | $ | - | $ | 583 | |||||||||||||
Municipal securities | - | 17,986 | - | 17,986 | |||||||||||||||||
Residential agency mortgage-backed securities | - | 159,113 | - | 159,113 | |||||||||||||||||
All other debt securities | - | 67,474 | 415 | 67,889 | |||||||||||||||||
Fair value loans | - | 11,390 | - | 11,390 | |||||||||||||||||
Swap fair value hedge | - | (453 | ) | - | (453 | ) | |||||||||||||||
There were no transfers between valuation levels for any accounts. If different valuation techniques are deemed necessary, the Company would consider those transfers to occur at the end of the period that the accounts are valued. | |||||||||||||||||||||
The Company classifies its corporate debt security as a Level 3 asset. A valuation of the corporate debt security is performed using a discounted cash flow method at a rate of 10.25%. Valuation techniques are consistent with techniques used in prior periods. The following are reconciliations of the beginning and ending balances for assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three and nine months ended September 30, 2013 and 2012. The ending balances for Level 3 assets at September 30, 2013 remained unchanged from December 31, 2012 at $0.4 million. | |||||||||||||||||||||
Level 3 Assets Reconciliation | |||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Corporate debt security: | |||||||||||||||||||||
Balance, beginning of period | $ | 409 | $ | 408 | $ | 415 | $ | 405 | |||||||||||||
(Increase) decrease in unrealized loss | 1 | 4 | (5 | ) | 7 | ||||||||||||||||
- | - | ||||||||||||||||||||
Balance, end of period | $ | 410 | $ | 412 | $ | 410 | $ | 412 | |||||||||||||
Assets Recorded at Fair Value on a Nonrecurring Basis | |||||||||||||||||||||
The Company may be required, from time to time, to measure certain other financial assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from application of lower of cost or market accounting or impairment charges of individual assets. Processes are in place for overseeing the valuation procedures for Level 3 measurements of OREO and impaired loans. The assets are reviewed on a quarterly basis to determine the accuracy of the observable inputs, generally third party appraisals, auction values, values derived from trade publications and data submitted by the borrower, and the appropriateness of the unobservable inputs, generally discounts due to current market conditions and collection issues. Discounts are based on asset type and valuation source; deviations from the standard are documented. The discounts are periodically reviewed to determine whether they remain appropriate. Consideration is given to current trends in market values for the asset categories and gain and losses on sales of similar assets. | |||||||||||||||||||||
Discounts range from 0% to 100% depending on the nature of the assets and source of value. Real estate is valued based on appraisals or evaluations, discounted by 8% at a minimum with higher discounts for property in poor condition or property with characteristics that may make it more difficult to market. Commercial loans secured by receivables or non-real estate collateral are generally valued using the discounted cash flow method. Inputs are determined on a borrower-by-borrower basis. | |||||||||||||||||||||
Impaired loans and related write-downs are based on the fair value of the underlying collateral if repayment is expected solely from the collateral or using a pooled probability of default and loss given default calculation. Collateral values are reviewed quarterly and estimated using customized discounting criteria and appraisals. | |||||||||||||||||||||
Other real estate owned is based on the lower of the cost or fair value of the underlying collateral less expected selling costs. Collateral values are estimated primarily using appraisals and reflect a market value approach. Fair values are reviewed quarterly and new appraisals are generally obtained annually. | |||||||||||||||||||||
The table below presents the carrying value of assets at September 30, 2013 and December 31, 2012 measured at fair value on a nonrecurring basis: | |||||||||||||||||||||
Fair Value on a Nonrecurring Basis | |||||||||||||||||||||
Description | Quoted Prices | Significant | Significant | Assets/ | |||||||||||||||||
in Active | Other | Unobservable | (Liabilities) | ||||||||||||||||||
Markets for | Observable | Inputs | at Fair Value | ||||||||||||||||||
Identical | Inputs | (Level 3) | |||||||||||||||||||
Assets | (Level 2) | ||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
OREO | $ | - | $ | - | $ | 6,026 | $ | 6,026 | |||||||||||||
Impaired loans: | |||||||||||||||||||||
Commercial and industrial | - | - | 83 | 83 | |||||||||||||||||
CRE - owner-occupied | - | - | 124 | 124 | |||||||||||||||||
CRE - investor income producing | - | - | 3,469 | 3,469 | |||||||||||||||||
Residential mortgage | - | - | 1,154 | 1,154 | |||||||||||||||||
Home equity lines of credit | - | - | 1,591 | 1,591 | |||||||||||||||||
Residential construction | - | - | 65 | 65 | |||||||||||||||||
Other loans to individuals | - | - | 2 | 2 | |||||||||||||||||
31-Dec-12 | |||||||||||||||||||||
OREO | $ | - | $ | - | $ | 25,073 | $ | 25,073 | |||||||||||||
Impaired loans: | |||||||||||||||||||||
Commercial and industrial | - | - | 115 | 115 | |||||||||||||||||
Residential mortgage | - | - | 962 | 962 | |||||||||||||||||
Home equity lines of credit | - | - | 155 | 155 | |||||||||||||||||
The table below presents the valuation methodology and unobservable inputs for Level 3 assets and liabilities measured at fair value on a nonrecurring basis at September 30, 2013. | |||||||||||||||||||||
(dollars in thousands) | Fair Value | Valuation Methodology | Unobservable Inputs | Range of Inputs | Weighted Average Discount | ||||||||||||||||
OREO | $ | 6,026 | Appraisals | Discount to reflect current market conditions | 0% | - | 55% | 17.50% | |||||||||||||
Impaired loans | 5,257 | Discounted cash flows | Percent of total contractual cash flows not expected to be collected | 0% | - | 50% | 12.71% | ||||||||||||||
1,038 | Probability of default model | Discount to reflect probability and loss given default | 0% | - | 100% | 19.19% | |||||||||||||||
193 | Collateral based measurements | Discount to reflect current market conditions and ultimate collectability | 0% | - | 60% | 37.73% | |||||||||||||||
$ | 12,514 | ||||||||||||||||||||
In accordance with accounting for foreclosed property, the carrying value of OREO is periodically reviewed and written down to fair value and any loss is included in earnings. During the three months ended September 30, 2013, OREO with a carrying value of $0.7 million was written down by $0.1 million to $0.6 million. During the nine months ended September 30, 2013, OREO with a carrying value of $7.3 million was written down by $1.2 million to $6.1 million. During the three months ended September 30, 2012, OREO with a carrying value of $2.5 million was written down by $0.8 million to $1.7 million. During the nine months ended September 30, 2012, OREO with a carrying value of $8.6 million was written down by $1.8 million to $6.8 million. | |||||||||||||||||||||
There were no transfers between valuation levels for any accounts for the three and nine months ended September 30, 2013 and 2012. If different valuation techniques are deemed necessary, we would consider those transfers to occur at the end of the period that the accounts are valued. |
Note_14_Shareholders_Equity
Note 14 - Shareholders' Equity | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||||||||||||||||||
Stockholders' Equity Note Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||
Note 14 – Shareholders’ Equity | |||||||||||||||||||||||||||||
Share-Based Plans | |||||||||||||||||||||||||||||
Pursuant to the Park Sterling Corporation 2010 Long-Term Incentive Plan (the “LTIP”), the Company may grant share-based compensation to employees and non-employee directors in the form of stock options, restricted stock or other stock-based awards. Share-based compensation expense is measured based on the fair value of the award at the date of grant and is charged to earnings on a straight-line basis over the requisite service period, which is currently up to seven years. The fair value of stock options is estimated at the date of grant using a Black-Scholes option-pricing model and related assumptions and expensed over each option’s vesting period. The amortization of share-based compensation reflects estimated forfeitures, adjusted for actual forfeiture experience. The fair value of restricted stock awards subject to share price performance vesting requirements is estimated using a Monte Carlo simulation and related estimated assumptions for volatility and a risk free interest rate. The fair value of restricted stock awards, not subject to share price performance, is estimated at the date of the grant based on the grant date closing stock price. As of September 30, 2013, there were 106,493 shares available for future grant under the LTIP. | |||||||||||||||||||||||||||||
As a result of the Citizens South merger, the Company assumed the Citizens South Bank 1999 Stock Option Plan (the “1999 Citizens South Plan”), the Citizens South Banking Corporation 2003 Stock Option Plan (the “2003 Citizens South Plan”) and the Citizens South Banking Corporation 2008 Equity Incentive Plan ( the “2008 Citizens South Plan”), each of which has been renamed as a Park Sterling Corporation plan, and the obligations of awards outstanding under the plans at the effective date of the merger. | |||||||||||||||||||||||||||||
Under the 2008 Citizens South Plan, the Company may grant future non-qualified stock options and stock appreciation rights (“SARs”) to eligible employees and directors of, or service providers to, the Company or the Bank who were not employees or directors of or service providers to the Company or the Bank at the effective time of the merger. At September 30, 2013, there were options to purchase 261,833 shares of Common Stock outstanding and 96,125 shares remaining available for future grants under the 2008 Citizens South Plan. | |||||||||||||||||||||||||||||
The 1999 Citizens South Plan and the 2003 Citizens South Plan are no longer active plans and no future awards can be granted thereunder. As of September 30, 2013, there were options to purchase 2,190 shares of Common Stock outstanding under the 1999 Citizens South Plan and options to purchase 752,671 shares of Common Stock outstanding under the 2003 Citizens South Plan. | |||||||||||||||||||||||||||||
The exercise price of each option under these plans is not less than the market price of the Company’s Common Stock on the date of the grant. The exercise price of all options outstanding at September 30, 2013 under these plans ranges from $3.04 to $15.45 and the average exercise price was $7.88. The Company funds the option shares from authorized but unissued shares. The Company does not typically purchase shares to fulfill the obligations of the stock benefit plans. Options granted become exercisable in accordance with the plans’ vesting schedules that are generally three years. In connection with the retirement of certain directors following the Bank’s public offering, vesting of their director options previously awarded in December 2007 was accelerated from December 2010 to August 2010 at their original exercise price of $13.23 per share. All unexercised options expire ten years after the date of the grant. | |||||||||||||||||||||||||||||
Additional information regarding the Company’s share-based plans is presented in Note 19 – Employee and Director Benefit Plans to the 2012 Audited Financial Statements. | |||||||||||||||||||||||||||||
Activity in the Company’s share-based plans is summarized in the following table: | |||||||||||||||||||||||||||||
Outstanding Options | Nonvested Restricted Shares | ||||||||||||||||||||||||||||
Number | Weighted | Weighted | Intrinsic | Number | Weighted | Aggregate | |||||||||||||||||||||||
Outstanding | Average | Average | Value | Outstanding | Average | Intrinsic | |||||||||||||||||||||||
Exercise | Contractual | Grant Date | Value | ||||||||||||||||||||||||||
Price | Term (Years) | Fair Value | |||||||||||||||||||||||||||
At December 31, 2012 | 3,119,692 | $ | 7.84 | 5.27 | $ | - | 646,260 | $ | 4.01 | $ | 3,379,940 | ||||||||||||||||||
Restricted Shares Granted | - | - | - | - | 151,500 | 5.61 | 971,115 | ||||||||||||||||||||||
Restricted Shares Vested | - | - | - | - | (21,000 | ) | 4.68 | 134,613 | |||||||||||||||||||||
Exercised | (55,391 | ) | 5.1 | - | - | - | - | - | |||||||||||||||||||||
Expired and forfeited | (116,264 | ) | 8.24 | - | - | (22,860 | ) | 4.55 | 146,533 | ||||||||||||||||||||
At September 30, 2013 | 2,948,037 | $ | 7.88 | 4.53 | $ | 337,538 | 753,900 | $ | 4.3 | $ | 4,832,496 | ||||||||||||||||||
Exercisable at September 30, 2013 | 2,816,698 | $ | 7.97 | 4.39 | |||||||||||||||||||||||||
At September 30, 2013, unrecognized compensation cost related to nonvested stock options of $0.1 million is expected to be recognized over a weighted-average period of 0.36 years. Total compensation expense for stock options was $157 thousand and $323 thousand for the three months ended September 30, 2013 and 2012, respectively, and $801 thousand and $970 thousand for the nine months ended September 30, 2013 and 2012, respectively. | |||||||||||||||||||||||||||||
At September 30, 2013, unrecognized compensation cost related to nonvested restricted shares of $1.1 million is expected to be recognized over a weighted-average period of 1.09 years. Total compensation expense for restricted shares was $249 thousand and $185 thousand for the three months ended September 30, 2013 and 2012, respectively, and $667 thousand and $529 thousand for the nine months ended September 30, 2013 and 2012, respectively. |
Note_15_Subsequent_Event
Note 15 - Subsequent Event | 9 Months Ended |
Sep. 30, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
Note 15 – Subsequent Event | |
Dividend Declaration | |
On October 25, 2013, the Company announced that its Board of Directors has declared a quarterly dividend of $0.02 per common share, payable on November 20, 2013 to all common shareholders of record as of the close of business on November 6, 2013. | |
Cash Flow Hedge | |
On October 21, 2013, the Company entered into a three-year forward starting interest rate swap agreement with a notional amount of $20.0 million. The derivative instrument will be used to protect certain designated variable rate FHLB borrowings from the effects of their repricing in the event of an increasing rate environment for a period of five years commencing three years from now. This swap agreement will be accounted for as a cash flow hedge. Until the three-year forward start date, changes in fair value of the swap will be recorded in other comprehensive income net of tax. After that date, changes in fair value of the swap that are deemed effective will be recorded in other comprehensive income net of tax and changes in fair value for the ineffective portion of the swap will be recorded in interest expense. |
Note_3_Business_Combinations_T
Note 3 - Business Combinations (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | ' | ||||||||||||
As Recorded | Fair Value and Other | As Recorded | |||||||||||
by | Merger Related | by the Company | |||||||||||
Citizens South | Adjustments | ||||||||||||
Consideration Paid | |||||||||||||
Cash | $ | 24,283 | |||||||||||
Common shares issued (11,857,226 shares) | 58,575 | ||||||||||||
Fair value of noncontrolling interest | 20,500 | ||||||||||||
Fair Value of Total Consideration Transferred | $ | 103,358 | |||||||||||
Recognized amounts of identifiable assets acquired and liabilities assumed: | |||||||||||||
Cash and cash equivalents | $ | 48,661 | $ | - | $ | 48,661 | |||||||
Securities | 88,068 | 2,275 | 90,343 | ||||||||||
Nonmarketable equity securities | 5,390 | - | 5,390 | ||||||||||
Loans held for sale | 1,695 | - | 1,695 | ||||||||||
Loans, net of allowance | 694,016 | (12,340 | ) | 681,676 | |||||||||
Premises and equipment | 25,443 | 4,326 | 29,769 | ||||||||||
Core deposit intangibles | 1,032 | 5,168 | 6,200 | ||||||||||
Other real estate owned | 18,957 | (3,169 | ) | 15,788 | |||||||||
Bank owned life insurance | 18,879 | (79 | ) | 18,800 | |||||||||
Deferred tax asset | 3,560 | (728 | ) | 2,832 | |||||||||
FDIC indemnification asset | 20,652 | 1,846 | 22,498 | ||||||||||
Other assets | 4,338 | (238 | ) | 4,100 | |||||||||
Total assets acquired | $ | 930,691 | $ | (2,939 | ) | $ | 927,752 | ||||||
Deposits | $ | 826,134 | $ | 2,166 | $ | 828,300 | |||||||
Short term borrowings | 7,678 | - | 7,678 | ||||||||||
Junior subordinated debt | 15,464 | (6,627 | ) | 8,837 | |||||||||
Other liabilities | 418 | 5,128 | 5,546 | ||||||||||
Total liabilities assumed | $ | 849,694 | $ | 667 | $ | 850,361 | |||||||
Total identifiable assets | $ | 80,997 | $ | (3,606 | ) | $ | 77,391 | ||||||
Goodwill resulting from acquisition | $ | 25,967 |
Note_4_Investment_Securities_T
Note 4 - Investment Securities (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Investment [Table Text Block] | ' | ||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. Government agencies | $ | 514 | $ | 49 | $ | - | $ | 563 | |||||||||||||||||
Municipal securities | 15,830 | 784 | - | 16,614 | |||||||||||||||||||||
Residential agency mortgage-backed securities (MBS) | 93,744 | 1,265 | (349 | ) | 94,660 | ||||||||||||||||||||
Commercial MBS | 66,739 | - | (4,678 | ) | 62,061 | ||||||||||||||||||||
All other debt securities | 156,562 | 324 | (4,227 | ) | 152,659 | ||||||||||||||||||||
All other equity securities | 1,393 | 446 | - | 1,839 | |||||||||||||||||||||
$ | 334,782 | $ | 2,868 | $ | (9,254 | ) | $ | 328,396 | |||||||||||||||||
Securities held-to-maturity: | |||||||||||||||||||||||||
Residential agency MBS | $ | 15,748 | $ | 143 | $ | - | $ | 15,891 | |||||||||||||||||
All other debt securities | 10,888 | 78 | (177 | ) | 10,789 | ||||||||||||||||||||
$ | 26,636 | $ | 221 | $ | (177 | ) | $ | 26,680 | |||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. Government agencies | $ | 518 | $ | 65 | $ | - | $ | 583 | |||||||||||||||||
Municipal securities | 16,258 | 1,727 | - | 17,986 | |||||||||||||||||||||
Residential agency MBS | 156,492 | 3,188 | (567 | ) | 159,113 | ||||||||||||||||||||
All other debt securities | 67,181 | 1,017 | (309 | ) | 67,889 | ||||||||||||||||||||
$ | 240,450 | $ | 5,997 | $ | (876 | ) | $ | 245,571 | |||||||||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] | ' | ||||||||||||||||||||||||
Securities Available-for-Sale | Securities Held-to-Maturity | ||||||||||||||||||||||||
Amortized | Fair | Amortized | Fair | ||||||||||||||||||||||
Cost | Value | Cost | Value | ||||||||||||||||||||||
(Dollars in thousands) | (Dollars in thousands) | ||||||||||||||||||||||||
U.S. Government agencies | |||||||||||||||||||||||||
Due after one year through five years | $ | 514 | $ | 563 | $ | - | $ | - | |||||||||||||||||
Municipal securities | |||||||||||||||||||||||||
Due under one year | 450 | 455 | - | - | |||||||||||||||||||||
Due after ten years | 15,380 | 16,159 | - | - | |||||||||||||||||||||
Residential agency MBS | |||||||||||||||||||||||||
Due after five years through ten years | 21,880 | 22,013 | - | - | |||||||||||||||||||||
Due after ten years | 71,864 | 72,647 | 15,748 | 15,891 | |||||||||||||||||||||
Commercial MBS | |||||||||||||||||||||||||
Due after five years through ten years | 66,739 | 62,061 | - | - | |||||||||||||||||||||
All other debt securities | |||||||||||||||||||||||||
Due after five years through ten years | 8,317 | 8,193 | - | - | |||||||||||||||||||||
Due after ten years | 148,245 | 144,466 | 10,888 | 10,789 | |||||||||||||||||||||
All other equity securities | 1,393 | 1,839 | - | - | |||||||||||||||||||||
$ | 334,782 | $ | 328,396 | $ | 26,636 | $ | 26,680 | ||||||||||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
Residential agency MBS | $ | 22,670 | $ | (349 | ) | $ | - | $ | - | $ | 22,670 | $ | (349 | ) | |||||||||||
Commercial MBS | 62,061 | (4,678 | ) | - | - | 62,061 | (4,678 | ) | |||||||||||||||||
All other debt securities | 113,309 | (4,137 | ) | 410 | (90 | ) | 113,719 | (4,227 | ) | ||||||||||||||||
$ | 198,040 | $ | (9,164 | ) | $ | 410 | $ | (90 | ) | $ | 198,450 | $ | (9,254 | ) | |||||||||||
Securities held-to-maturity: | |||||||||||||||||||||||||
All other debt securities | $ | 5,658 | $ | (177 | ) | $ | - | $ | - | $ | 5,658 | $ | (177 | ) | |||||||||||
$ | 5,658 | $ | (177 | ) | $ | - | $ | - | $ | 5,658 | $ | (177 | ) | ||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
Residential agency MBS | $ | 40,041 | $ | (567 | ) | $ | - | $ | - | $ | 40,041 | $ | (567 | ) | |||||||||||
All other debt securities | 30,931 | (224 | ) | 415 | (85 | ) | 31,346 | (309 | ) | ||||||||||||||||
$ | 70,972 | $ | (791 | ) | $ | 415 | $ | (85 | ) | $ | 71,387 | $ | (876 | ) |
Note_5_Loans_and_Allowance_for1
Note 5 - Loans and Allowance for Loan Losses (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Note 5 - Loans and Allowance for Loan Losses (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||
PCI loans | All other | Total | PCI loans | All other | Total | ||||||||||||||||||||||||||||||||||||
loans | loans | ||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 6,488 | $ | 125,035 | $ | 131,523 | $ | 7,323 | $ | 111,809 | $ | 119,132 | |||||||||||||||||||||||||||||
Commercial real estate (CRE) - owner-occupied | 39,545 | 233,795 | 273,340 | 44,925 | 254,491 | 299,416 | |||||||||||||||||||||||||||||||||||
CRE - investor income producing | 64,087 | 307,816 | 371,903 | 85,959 | 285,998 | 371,957 | |||||||||||||||||||||||||||||||||||
Acquisition, construction and development (AC&D) | 29,165 | 113,619 | 142,784 | 39,541 | 101,120 | 140,661 | |||||||||||||||||||||||||||||||||||
Other commercial | 142 | 3,799 | 3,941 | 742 | 4,886 | 5,628 | |||||||||||||||||||||||||||||||||||
Total commercial loans | 139,427 | 784,064 | 923,491 | 178,490 | 758,304 | 936,794 | |||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 34,784 | 139,996 | 174,780 | 40,483 | 148,049 | 188,532 | |||||||||||||||||||||||||||||||||||
Home equity lines of credit (HELOC) | 1,736 | 144,748 | 146,484 | 1,949 | 161,676 | 163,625 | |||||||||||||||||||||||||||||||||||
Residential construction | 7,459 | 39,040 | 46,499 | 11,265 | 41,547 | 52,812 | |||||||||||||||||||||||||||||||||||
Other loans to individuals | 1,356 | 23,369 | 24,725 | 2,095 | 13,458 | 15,553 | |||||||||||||||||||||||||||||||||||
Total consumer loans | 45,335 | 347,153 | 392,488 | 55,792 | 364,730 | 420,522 | |||||||||||||||||||||||||||||||||||
Total loans | 184,762 | 1,131,217 | 1,315,979 | 234,282 | 1,123,034 | 1,357,316 | |||||||||||||||||||||||||||||||||||
Deferred costs (fees) | - | 363 | 363 | - | (609 | ) | (609 | ) | |||||||||||||||||||||||||||||||||
Total loans, net of deferred costs (fees) | $ | 184,762 | $ | 1,131,580 | $ | 1,316,342 | $ | 234,282 | $ | 1,122,425 | $ | 1,356,707 | |||||||||||||||||||||||||||||
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | CRE - | CRE - | AC&D | Other | Residential mortgage | Home | Residential construction | Other | Total | ||||||||||||||||||||||||||||||||
owner- | investor | commercial | equity | loans to | |||||||||||||||||||||||||||||||||||||
occupied | income | lines of | individuals | ||||||||||||||||||||||||||||||||||||||
producing | credit | ||||||||||||||||||||||||||||||||||||||||
For the three months ended September 30, 2013 | (dollars in thousands) | ||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses, excluding PCI: | |||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 1,585 | $ | 343 | $ | 1,419 | $ | 3,930 | $ | 4 | $ | 267 | $ | 1,311 | $ | 518 | $ | 86 | $ | 9,463 | |||||||||||||||||||||
Provision for loan losses | 539 | 57 | 26 | (1,240 | ) | 1 | 284 | 357 | (44 | ) | 20 | - | |||||||||||||||||||||||||||||
Charge-offs | (634 | ) | (12 | ) | (9 | ) | (88 | ) | - | (125 | ) | (68 | ) | - | (22 | ) | (958 | ) | |||||||||||||||||||||||
Recoveries | 52 | 1 | 26 | - | 1 | 32 | 16 | 2 | 11 | 141 | |||||||||||||||||||||||||||||||
Net charge-offs | (582 | ) | (11 | ) | 17 | (88 | ) | 1 | (93 | ) | (52 | ) | 2 | (11 | ) | (817 | ) | ||||||||||||||||||||||||
Balance, end of period | $ | 1,542 | $ | 389 | $ | 1,462 | $ | 2,602 | $ | 6 | $ | 458 | $ | 1,616 | $ | 476 | $ | 95 | $ | 8,646 | |||||||||||||||||||||
PCI Impairment Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 216 | $ | - | $ | 1 | $ | 445 | $ | - | $ | 394 | $ | 3 | $ | 289 | $ | 36 | $ | 1,384 | |||||||||||||||||||||
PCI impairment charge-offs | (216 | ) | - | - | (163 | ) | - | (311 | ) | - | (233 | ) | (36 | ) | (959 | ) | |||||||||||||||||||||||||
PCI impairment recoveries | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||
Net PCI impairment charge-offs | (216 | ) | - | - | (163 | ) | - | (311 | ) | - | (233 | ) | (36 | ) | (959 | ) | |||||||||||||||||||||||||
PCI release of provision for loan losses | - | - | (1 | ) | (282 | ) | - | (77 | ) | (3 | ) | (56 | ) | - | (419 | ) | |||||||||||||||||||||||||
Benefit attributable to FDIC loss share agreements | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||
Total provision for loan losses charged to operations | - | - | (1 | ) | (282 | ) | - | (77 | ) | (3 | ) | (56 | ) | - | (419 | ) | |||||||||||||||||||||||||
Provision for loan losses recorded through FDIC loss share receivable | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||
Balance, end of period | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 6 | $ | - | $ | - | $ | - | $ | 6 | |||||||||||||||||||||
Total Allowance for Loan Losses | $ | 1,542 | $ | 389 | $ | 1,462 | $ | 2,602 | $ | 6 | $ | 464 | $ | 1,616 | $ | 476 | $ | 95 | $ | 8,652 | |||||||||||||||||||||
For the nine months ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses, excluding PCI: | |||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 849 | $ | 496 | $ | 1,102 | $ | 4,157 | $ | 8 | $ | 454 | $ | 1,463 | $ | 1,046 | $ | 49 | $ | 9,624 | |||||||||||||||||||||
Provision for loan losses | 1,740 | (64 | ) | 131 | (2,206 | ) | (3 | ) | 69 | 756 | (616 | ) | 66 | (127 | ) | ||||||||||||||||||||||||||
Charge-offs | (1,190 | ) | (52 | ) | (230 | ) | (94 | ) | - | (128 | ) | (660 | ) | (49 | ) | (52 | ) | (2,455 | ) | ||||||||||||||||||||||
Recoveries | 143 | 9 | 459 | 745 | 1 | 63 | 57 | 95 | 32 | 1,604 | |||||||||||||||||||||||||||||||
Net charge-offs | (1,047 | ) | (43 | ) | 229 | 651 | 1 | (65 | ) | (603 | ) | 46 | (20 | ) | (851 | ) | |||||||||||||||||||||||||
Balance, end of period | $ | 1,542 | $ | 389 | $ | 1,462 | $ | 2,602 | $ | 6 | $ | 458 | $ | 1,616 | $ | 476 | $ | 95 | $ | 8,646 | |||||||||||||||||||||
PCI Impairment Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 225 | $ | - | $ | - | $ | 542 | $ | - | $ | 200 | $ | - | $ | - | $ | - | $ | 967 | |||||||||||||||||||||
PCI impairment charge-offs | (216 | ) | - | (16 | ) | (177 | ) | (386 | ) | (311 | ) | - | (233 | ) | (36 | ) | (1,375 | ) | |||||||||||||||||||||||
PCI impairment recoveries | - | - | - | 25 | - | - | - | - | - | 25 | |||||||||||||||||||||||||||||||
Net PCI impairment charge-offs | (216 | ) | - | (16 | ) | (152 | ) | (386 | ) | (311 | ) | - | (233 | ) | (36 | ) | (1,350 | ) | |||||||||||||||||||||||
PCI provision for loan losses | (9 | ) | - | 16 | (390 | ) | 386 | 117 | - | 233 | 36 | 389 | |||||||||||||||||||||||||||||
Benefit attributable to FDIC loss share agreements | (104 | ) | - | (1 | ) | (192 | ) | - | - | - | - | - | (297 | ) | |||||||||||||||||||||||||||
Total provision for loan losses charged to operations | (113 | ) | - | 15 | (582 | ) | 386 | 117 | - | 233 | 36 | 92 | |||||||||||||||||||||||||||||
Provision for loan losses recorded through FDIC loss share receivable | 104 | - | 1 | 192 | - | - | - | - | - | 297 | |||||||||||||||||||||||||||||||
Balance, end of period | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 6 | $ | - | $ | - | $ | - | $ | 6 | |||||||||||||||||||||
Total Allowance for Loan Losses | $ | 1,542 | $ | 389 | $ | 1,462 | $ | 2,602 | $ | 6 | $ | 464 | $ | 1,616 | $ | 476 | $ | 95 | $ | 8,652 | |||||||||||||||||||||
Commercial and industrial | CRE - | CRE - | AC&D | Other | Residential mortgage | Home | Residential construction | Other | Total | ||||||||||||||||||||||||||||||||
owner- | investor | commercial | equity | loans to | |||||||||||||||||||||||||||||||||||||
occupied | income producing | lines of | individuals | ||||||||||||||||||||||||||||||||||||||
credit | |||||||||||||||||||||||||||||||||||||||||
For the three months ended September 30, 2012 | (dollars in thousands) | ||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 1,180 | $ | 397 | $ | 1,326 | $ | 3,710 | $ | 10 | $ | 792 | $ | 1,370 | $ | 606 | $ | 40 | $ | 9,431 | |||||||||||||||||||||
Provision for loan losses | 153 | (14 | ) | 412 | (524 | ) | 1 | (22 | ) | (21 | ) | (12 | ) | (3 | ) | (30 | ) | ||||||||||||||||||||||||
PCI provision for loan losses | 67 | - | - | - | - | (30 | ) | - | - | - | 37 | ||||||||||||||||||||||||||||||
Charge-offs | (146 | ) | (56 | ) | (500 | ) | (383 | ) | - | (5 | ) | (8 | ) | - | (4 | ) | (1,102 | ) | |||||||||||||||||||||||
Recoveries | 19 | - | 48 | 658 | - | 10 | 5 | 124 | 7 | 871 | |||||||||||||||||||||||||||||||
Net charge-offs | (127 | ) | (56 | ) | (452 | ) | 275 | - | 5 | (3 | ) | 124 | 3 | (231 | ) | ||||||||||||||||||||||||||
Ending balance | $ | 1,206 | $ | 327 | $ | 1,286 | $ | 3,461 | $ | 11 | $ | 745 | $ | 1,346 | $ | 718 | $ | 40 | $ | 9,207 | |||||||||||||||||||||
For the nine months ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 703 | $ | 740 | $ | 2,106 | $ | 3,883 | $ | 17 | $ | 309 | $ | 1,898 | $ | 455 | $ | 43 | $ | 10,154 | |||||||||||||||||||||
Provision for loan losses | 1,009 | (283 | ) | 199 | (616 | ) | 88 | 304 | (412 | ) | 467 | (18 | ) | 738 | |||||||||||||||||||||||||||
PCI provision for loan losses | 67 | - | - | - | - | 224 | - | - | - | 291 | |||||||||||||||||||||||||||||||
Charge-offs | (543 | ) | (130 | ) | (1,075 | ) | (740 | ) | (94 | ) | (104 | ) | (173 | ) | (328 | ) | (5 | ) | (3,192 | ) | |||||||||||||||||||||
Recoveries | 37 | - | 56 | 934 | - | 12 | 33 | 124 | 20 | 1,216 | |||||||||||||||||||||||||||||||
Net charge-offs | (506 | ) | (130 | ) | (1,019 | ) | 194 | (94 | ) | (92 | ) | (140 | ) | (204 | ) | 15 | (1,976 | ) | |||||||||||||||||||||||
Ending balance | $ | 1,206 | $ | 327 | $ | 1,286 | $ | 3,461 | $ | 11 | $ | 745 | $ | 1,346 | $ | 718 | $ | 40 | $ | 9,207 | |||||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||
30-59 | 60-89 | Past Due | PCI | Current | Total Loans | ||||||||||||||||||||||||||||||||||||
Days | Days | 90 Days | Loans | ||||||||||||||||||||||||||||||||||||||
Past Due | Past Due | or More | |||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 340 | $ | 221 | $ | 37 | $ | 6,488 | $ | 124,437 | $ | 131,523 | |||||||||||||||||||||||||||||
CRE - owner-occupied | - | - | 674 | 39,545 | 233,121 | 273,340 | |||||||||||||||||||||||||||||||||||
CRE - investor income producing | 15 | 41 | 180 | 64,087 | 307,580 | 371,903 | |||||||||||||||||||||||||||||||||||
AC&D | - | - | 542 | 29,165 | 113,077 | 142,784 | |||||||||||||||||||||||||||||||||||
Other commercial | - | - | - | 142 | 3,799 | 3,941 | |||||||||||||||||||||||||||||||||||
Total commercial loans | 355 | 262 | 1,433 | 139,427 | 782,014 | 923,491 | |||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | - | 33 | 1,926 | 34,784 | 138,037 | 174,780 | |||||||||||||||||||||||||||||||||||
Home equity lines of credit | 311 | 263 | 2,143 | 1,736 | 142,031 | 146,484 | |||||||||||||||||||||||||||||||||||
Residential construction | - | 38 | 40 | 7,459 | 38,962 | 46,499 | |||||||||||||||||||||||||||||||||||
Other loans to individuals | 20 | 2 | 2 | 1,356 | 23,345 | 24,725 | |||||||||||||||||||||||||||||||||||
Total consumer loans | 331 | 336 | 4,111 | 45,335 | 342,375 | 392,488 | |||||||||||||||||||||||||||||||||||
Total loans | $ | 686 | $ | 598 | $ | 5,544 | $ | 184,762 | $ | 1,124,389 | $ | 1,315,979 | |||||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,316 | $ | 83 | $ | 230 | $ | 7,323 | $ | 110,180 | $ | 119,132 | |||||||||||||||||||||||||||||
CRE - owner-occupied | 48 | 1,903 | 113 | 44,925 | 252,427 | 299,416 | |||||||||||||||||||||||||||||||||||
CRE - investor income producing | 224 | 27 | 366 | 85,959 | 285,381 | 371,957 | |||||||||||||||||||||||||||||||||||
AC&D | - | 699 | 1,428 | 39,541 | 98,993 | 140,661 | |||||||||||||||||||||||||||||||||||
Other commercial | - | - | 168 | 742 | 4,718 | 5,628 | |||||||||||||||||||||||||||||||||||
Total commercial loans | 1,588 | 2,712 | 2,305 | 178,490 | 751,699 | 936,794 | |||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 18 | 196 | 499 | 40,483 | 147,336 | 188,532 | |||||||||||||||||||||||||||||||||||
Home equity lines of credit | 590 | - | 1,094 | 1,949 | 159,992 | 163,625 | |||||||||||||||||||||||||||||||||||
Residential construction | - | - | 71 | 11,265 | 41,476 | 52,812 | |||||||||||||||||||||||||||||||||||
Other loans to individuals | 36 | 4 | - | 2,095 | 13,418 | 15,553 | |||||||||||||||||||||||||||||||||||
Total consumer loans | 644 | 200 | 1,664 | 55,792 | 362,222 | 420,522 | |||||||||||||||||||||||||||||||||||
Total loans | $ | 2,232 | $ | 2,912 | $ | 3,969 | $ | 234,282 | $ | 1,113,921 | $ | 1,357,316 | |||||||||||||||||||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Recorded | Unpaid | Related | ||||||||||||||||||||||||||||||||||||
Investment | Principal | Allowance For | Investment | Principal | Allowance For | ||||||||||||||||||||||||||||||||||||
Balance | Loan Losses | Balance | Loan Losses | ||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||||||||||
Impaired Loans with No Related Allowance Recorded: | |||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 226 | $ | 2,125 | $ | - | $ | 377 | $ | 1,170 | $ | - | |||||||||||||||||||||||||||||
CRE - owner-occupied | 2,117 | 3,426 | - | 2,337 | 2,675 | - | |||||||||||||||||||||||||||||||||||
CRE - investor income producing | 180 | 5,245 | - | 4,243 | 4,424 | - | |||||||||||||||||||||||||||||||||||
AC&D | 2,275 | 9,775 | - | 4,855 | 9,306 | - | |||||||||||||||||||||||||||||||||||
Other commercial | 153 | 196 | - | 168 | 172 | - | |||||||||||||||||||||||||||||||||||
Total commercial loans | 4,951 | 20,767 | - | 11,980 | 17,747 | - | |||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 3,616 | 4,384 | - | 2,252 | 2,363 | - | |||||||||||||||||||||||||||||||||||
Home equity lines of credit | 1,035 | 3,481 | - | 1,419 | 2,439 | - | |||||||||||||||||||||||||||||||||||
Residential construction | - | 1,441 | - | 71 | 551 | - | |||||||||||||||||||||||||||||||||||
Other loans to individuals | 60 | 104 | - | 73 | 75 | - | |||||||||||||||||||||||||||||||||||
Total consumer loans | 4,711 | 9,410 | - | 3,815 | 5,428 | - | |||||||||||||||||||||||||||||||||||
Total impaired loans with no related allowance recorded | $ | 9,662 | $ | 30,177 | $ | - | $ | 15,795 | $ | 23,175 | $ | - | |||||||||||||||||||||||||||||
Impaired Loans with an Allowance Recorded: | |||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 100 | $ | 110 | $ | 16 | $ | 230 | $ | 230 | $ | 115 | |||||||||||||||||||||||||||||
CRE - owner-occupied | 149 | 164 | 24 | - | - | - | |||||||||||||||||||||||||||||||||||
CRE - investor income producing | 3,670 | 3,674 | 202 | - | - | - | |||||||||||||||||||||||||||||||||||
AC&D | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||
Other commercial | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||
Total commercial loans | 3,919 | 3,948 | 242 | 230 | 230 | 115 | |||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 1,335 | 1,398 | 182 | 1,211 | 1,250 | 249 | |||||||||||||||||||||||||||||||||||
Home equity lines of credit | 2,252 | 2,309 | 509 | 506 | 707 | 351 | |||||||||||||||||||||||||||||||||||
Residential construction | 79 | 81 | 13 | - | - | - | |||||||||||||||||||||||||||||||||||
Other loans to individuals | 2 | 4 | - | - | - | - | |||||||||||||||||||||||||||||||||||
Total consumer loans | 3,668 | 3,792 | 704 | 1,717 | 1,957 | 600 | |||||||||||||||||||||||||||||||||||
Total impaired loans with an allowance recorded | $ | 7,587 | $ | 7,740 | $ | 946 | $ | 1,947 | $ | 2,187 | $ | 715 | |||||||||||||||||||||||||||||
Total Impaired Loans: | |||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 326 | $ | 2,235 | $ | 16 | $ | 607 | $ | 1,400 | $ | 115 | |||||||||||||||||||||||||||||
CRE - owner-occupied | 2,266 | 3,590 | 24 | 2,337 | 2,675 | - | |||||||||||||||||||||||||||||||||||
CRE - investor income producing | 3,850 | 8,919 | 202 | 4,243 | 4,424 | - | |||||||||||||||||||||||||||||||||||
AC&D | 2,275 | 9,775 | - | 4,855 | 9,306 | - | |||||||||||||||||||||||||||||||||||
Other commercial | 153 | 196 | - | 168 | 172 | - | |||||||||||||||||||||||||||||||||||
Total commercial loans | 8,870 | 24,715 | 242 | 12,210 | 17,977 | 115 | |||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 4,951 | 5,782 | 182 | 3,463 | 3,613 | 249 | |||||||||||||||||||||||||||||||||||
Home equity lines of credit | 3,287 | 5,790 | 509 | 1,925 | 3,146 | 351 | |||||||||||||||||||||||||||||||||||
Residential construction | 79 | 1,522 | 13 | 71 | 551 | - | |||||||||||||||||||||||||||||||||||
Other loans to individuals | 62 | 108 | - | 73 | 75 | - | |||||||||||||||||||||||||||||||||||
Total consumer loans | 8,379 | 13,202 | 704 | 5,532 | 7,385 | 600 | |||||||||||||||||||||||||||||||||||
Total impaired loans | $ | 17,249 | $ | 37,917 | $ | 946 | $ | 17,742 | $ | 25,362 | $ | 715 | |||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||||||||||||||||
Average | Interest | Average | Interest | Average | Interest | Average | Interest | ||||||||||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||||||||||
Impaired Loans with No Related Allowance Recorded: | |||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 219 | $ | 4 | $ | 708 | $ | - | $ | 345 | $ | 4 | $ | 772 | $ | - | |||||||||||||||||||||||||
CRE - owner-occupied | 2,033 | 93 | 366 | 5 | 1,903 | 93 | 368 | 17 | |||||||||||||||||||||||||||||||||
CRE - investor income producing | 180 | - | 2,851 | - | 1,816 | - | 2,536 | - | |||||||||||||||||||||||||||||||||
AC&D | 2,300 | 58 | 6,775 | 14 | 3,982 | 181 | 8,884 | 44 | |||||||||||||||||||||||||||||||||
Other commercial | 154 | - | 160 | - | 160 | - | 102 | - | |||||||||||||||||||||||||||||||||
Total commercial loans | 4,886 | 155 | 10,860 | 19 | 8,206 | 278 | 12,662 | 61 | |||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 2,876 | 14 | 621 | - | 2,207 | 46 | 715 | - | |||||||||||||||||||||||||||||||||
Home equity lines of credit | 1,139 | 16 | 770 | - | 1,183 | 16 | 928 | - | |||||||||||||||||||||||||||||||||
Residential construction | - | - | 76 | - | 24 | - | 128 | - | |||||||||||||||||||||||||||||||||
Other loans to individuals | 62 | 1 | 6 | 1 | 68 | 3 | 7 | 3 | |||||||||||||||||||||||||||||||||
Total consumer loans | 4,077 | 31 | 1,473 | 1 | 3,482 | 65 | 1,778 | 3 | |||||||||||||||||||||||||||||||||
Total impaired loans with no related allowance recorded | $ | 8,963 | $ | 186 | $ | 12,333 | $ | 20 | $ | 11,688 | $ | 343 | $ | 14,440 | $ | 64 | |||||||||||||||||||||||||
Impaired Loans with an Allowance Recorded: | |||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 437 | $ | - | $ | 230 | $ | - | $ | 516 | $ | 1 | $ | 88 | $ | - | |||||||||||||||||||||||||
CRE - owner-occupied | 74 | - | - | - | 30 | - | - | - | |||||||||||||||||||||||||||||||||
CRE - investor income producing | 3,675 | 37 | - | - | 2,192 | 112 | - | - | |||||||||||||||||||||||||||||||||
AC&D | 125 | - | - | - | 50 | - | - | - | |||||||||||||||||||||||||||||||||
Other commercial | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||
Total commercial loans | 4,311 | 37 | 230 | - | 2,788 | 113 | 88 | - | |||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 1,283 | 10 | 424 | 7 | 1,241 | 26 | 221 | 22 | |||||||||||||||||||||||||||||||||
Home equity lines of credit | 1,431 | 1 | 315 | - | 876 | 2 | 317 | - | |||||||||||||||||||||||||||||||||
Residential construction | 40 | 1 | - | - | 16 | 1 | - | - | |||||||||||||||||||||||||||||||||
Other loans to individuals | 3 | - | - | - | 1 | - | - | - | |||||||||||||||||||||||||||||||||
Total consumer loans | 2,757 | 12 | 739 | 7 | 2,134 | 29 | 538 | 22 | |||||||||||||||||||||||||||||||||
Total impaired loans with an allowance recorded | $ | 7,068 | $ | 49 | $ | 969 | $ | 7 | $ | 4,922 | $ | 142 | $ | 626 | $ | 22 | |||||||||||||||||||||||||
Total Impaired Loans: | |||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 656 | $ | 4 | $ | 938 | $ | - | $ | 861 | $ | 5 | $ | 860 | $ | - | |||||||||||||||||||||||||
CRE - owner-occupied | 2,107 | 93 | 366 | 5 | 1,933 | 93 | 368 | 17 | |||||||||||||||||||||||||||||||||
CRE - investor income producing | 3,855 | 37 | 2,851 | - | 4,008 | 112 | 2,536 | - | |||||||||||||||||||||||||||||||||
AC&D | 2,425 | 58 | 6,775 | 14 | 4,032 | 181 | 8,884 | 44 | |||||||||||||||||||||||||||||||||
Other commercial | 154 | - | 160 | - | 160 | - | 102 | - | |||||||||||||||||||||||||||||||||
Total commercial loans | 9,197 | 192 | 11,090 | 19 | 10,994 | 391 | 12,750 | 61 | |||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 4,159 | 24 | 1,045 | 7 | 3,448 | 72 | 936 | 22 | |||||||||||||||||||||||||||||||||
Home equity lines of credit | 2,570 | 17 | 1,085 | - | 2,059 | 18 | 1,245 | - | |||||||||||||||||||||||||||||||||
Residential construction | 40 | 1 | 76 | - | 40 | 1 | 128 | - | |||||||||||||||||||||||||||||||||
Other loans to individuals | 65 | 1 | 6 | 1 | 69 | 3 | 7 | 3 | |||||||||||||||||||||||||||||||||
Total consumer loans | 6,834 | 43 | 2,212 | 8 | 5,616 | 94 | 2,316 | 25 | |||||||||||||||||||||||||||||||||
Total impaired loans | $ | 16,031 | $ | 235 | $ | 13,302 | $ | 27 | $ | 16,610 | $ | 485 | $ | 15,066 | $ | 86 | |||||||||||||||||||||||||
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 256 | $ | 607 | |||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 539 | 1,996 | |||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 213 | 633 | |||||||||||||||||||||||||||||||||||||||
AC&D | 542 | 3,872 | |||||||||||||||||||||||||||||||||||||||
Other commercial | 153 | 168 | |||||||||||||||||||||||||||||||||||||||
Total commercial loans | 1,703 | 7,276 | |||||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 2,456 | 1,096 | |||||||||||||||||||||||||||||||||||||||
Home equity lines of credit | 2,576 | 1,925 | |||||||||||||||||||||||||||||||||||||||
Residential construction | 40 | 71 | |||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 3 | 6 | |||||||||||||||||||||||||||||||||||||||
Total consumer loans | 5,075 | 3,098 | |||||||||||||||||||||||||||||||||||||||
Total nonaccrual loans | $ | 6,778 | $ | 10,374 | |||||||||||||||||||||||||||||||||||||
Purchased Credit Impaired Loans [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||
1-Oct-12 | |||||||||||||||||||||||||||||||||||||||||
Contractual principal and interest at acquisition | $ | 294,283 | |||||||||||||||||||||||||||||||||||||||
Nonaccretable difference | (47,941 | ) | |||||||||||||||||||||||||||||||||||||||
Expected cash flows at acquisition | 246,342 | ||||||||||||||||||||||||||||||||||||||||
Accretable yield | (37,724 | ) | |||||||||||||||||||||||||||||||||||||||
Basis in PCI loans at acquisition - estimated fair value | $ | 208,618 | |||||||||||||||||||||||||||||||||||||||
1-Nov-11 | |||||||||||||||||||||||||||||||||||||||||
Contractual principal and interest at acquisition | $ | 146,843 | |||||||||||||||||||||||||||||||||||||||
Nonaccretable difference | (61,145 | ) | |||||||||||||||||||||||||||||||||||||||
Expected cash flows at acquisition | 85,698 | ||||||||||||||||||||||||||||||||||||||||
Accretable yield | (14,424 | ) | |||||||||||||||||||||||||||||||||||||||
Basis in PCI loans at acquisition - estimated fair value | $ | 71,274 | |||||||||||||||||||||||||||||||||||||||
Summary of Changes in Accretable Yield for Purchased Credit Impaired Loans [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||
Nine Months Ended September 30, | |||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||||||||||
Accretable yield, beginning of period | $ | 42,734 | $ | 14,264 | |||||||||||||||||||||||||||||||||||||
Addition from the Community Capital acquisition | - | 218 | |||||||||||||||||||||||||||||||||||||||
Interest income | (11,201 | ) | (3,540 | ) | |||||||||||||||||||||||||||||||||||||
Reclassification of nonaccretable difference due to improvement in expected cash flows | 7,445 | 9,374 | |||||||||||||||||||||||||||||||||||||||
Other changes, net | 725 | (1,893 | ) | ||||||||||||||||||||||||||||||||||||||
Accretable yield, end of period | $ | 39,703 | $ | 18,423 | |||||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||||||||||||||||||||||||||
30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||||||||||||||||||||||
Number of loans | Recorded Investment | Number of loans | Recorded Investment | ||||||||||||||||||||||||||||||||||||||
Below market interest rate | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | - | $ | - | 1 | $ | 323 | |||||||||||||||||||||||||||||||||||
Total | - | $ | - | 1 | $ | 323 | |||||||||||||||||||||||||||||||||||
Troubled Debt Restructuring Outcomes [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||
Twelve Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Paid in full | Paying as restructured | Nonaccrual | Foreclosure/Default | ||||||||||||||||||||||||||||||||||||||
Number of | Recorded Investment | Number of | Recorded Investment | Number of | Recorded Investment | Number of | Recorded Investment | ||||||||||||||||||||||||||||||||||
loans | loans | loans | loans | ||||||||||||||||||||||||||||||||||||||
Below market interest rate | 2 | $ | 164 | 1 | $ | 42 | - | $ | - | - | $ | - | |||||||||||||||||||||||||||||
Extended payment terms | 1 | 329 | 1 | 109 | - | - | - | - | |||||||||||||||||||||||||||||||||
Total | 3 | $ | 493 | 2 | $ | 151 | - | $ | - | - | $ | - | |||||||||||||||||||||||||||||
Twelve Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||||||||||
Paid in full | Paying as restructured | Nonaccrual | Foreclosure/Default | ||||||||||||||||||||||||||||||||||||||
Number of | Recorded Investment | Number of | Recorded Investment | Number of | Recorded Investment | Number of | Recorded Investment | ||||||||||||||||||||||||||||||||||
loans | loans | loans | loans | ||||||||||||||||||||||||||||||||||||||
Below market interest rate | - | $ | - | 1 | $ | 3,592 | 1 | $ | 322 | - | $ | - | |||||||||||||||||||||||||||||
Extended payment terms | - | - | 2 | 415 | 2 | 426 | - | - | |||||||||||||||||||||||||||||||||
Total | - | $ | - | 3 | $ | 4,007 | 3 | $ | 748 | - | $ | - | |||||||||||||||||||||||||||||
Schedule of Related Party Transactions [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||
Nine Months Ended | |||||||||||||||||||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 4,184 | $ | 3,998 | |||||||||||||||||||||||||||||||||||||
Disbursements | 12,830 | 710 | |||||||||||||||||||||||||||||||||||||||
Repayments | (1,928 | ) | (429 | ) | |||||||||||||||||||||||||||||||||||||
Ending balance | $ | 15,086 | $ | 4,279 | |||||||||||||||||||||||||||||||||||||
Total Commercial [Member] | ' | ||||||||||||||||||||||||||||||||||||||||
Note 5 - Loans and Allowance for Loan Losses (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | Commercial | CRE-Owner | CRE-Investor | AC&D | Other | Total | |||||||||||||||||||||||||||||||||||
and | Occupied | Income | Commercial | Commercial | |||||||||||||||||||||||||||||||||||||
Industrial | Producing | ||||||||||||||||||||||||||||||||||||||||
Pass | $ | 130,891 | $ | 266,152 | $ | 363,597 | $ | 134,773 | $ | 3,677 | $ | 899,090 | |||||||||||||||||||||||||||||
Special mention | 351 | 4,092 | 3,584 | 5,855 | 111 | 13,993 | |||||||||||||||||||||||||||||||||||
Classified | 281 | 3,095 | 4,722 | 2,156 | 154 | 10,408 | |||||||||||||||||||||||||||||||||||
Total | $ | 131,523 | $ | 273,339 | $ | 371,903 | $ | 142,784 | $ | 3,942 | $ | 923,491 | |||||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | Commercial | CRE-Owner | CRE-Investor | AC&D | Other | Total | |||||||||||||||||||||||||||||||||||
and | Occupied | Income | Commercial | Commercial | |||||||||||||||||||||||||||||||||||||
Industrial | Producing | ||||||||||||||||||||||||||||||||||||||||
Pass | $ | 115,907 | $ | 292,418 | $ | 361,212 | $ | 126,167 | $ | 5,460 | $ | 901,164 | |||||||||||||||||||||||||||||
Special mention | 173 | 3,804 | 5,564 | 9,252 | - | 18,793 | |||||||||||||||||||||||||||||||||||
Classified | 3,052 | 3,194 | 5,181 | 5,242 | 168 | 16,837 | |||||||||||||||||||||||||||||||||||
Total | $ | 119,132 | $ | 299,416 | $ | 371,957 | $ | 140,661 | $ | 5,628 | $ | 936,794 | |||||||||||||||||||||||||||||
Total Consumer Loans [Member] | ' | ||||||||||||||||||||||||||||||||||||||||
Note 5 - Loans and Allowance for Loan Losses (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||
Residential | Home Equity | Residential | Other Loans to | Total | |||||||||||||||||||||||||||||||||||||
Mortgage | Lines of Credit | Construction | Individuals | Consumer | |||||||||||||||||||||||||||||||||||||
Pass | $ | 170,624 | $ | 140,263 | $ | 45,717 | $ | 24,244 | $ | 380,848 | |||||||||||||||||||||||||||||||
Special mention | 1,433 | 2,710 | 539 | 369 | 5,051 | ||||||||||||||||||||||||||||||||||||
Classified | 2,723 | 3,511 | 243 | 112 | 6,589 | ||||||||||||||||||||||||||||||||||||
Total | $ | 174,780 | $ | 146,484 | $ | 46,499 | $ | 24,725 | $ | 392,488 | |||||||||||||||||||||||||||||||
Total Loans | $ | 1,315,979 | |||||||||||||||||||||||||||||||||||||||
Residential | Home Equity | Residential | Other Loans to | Total | |||||||||||||||||||||||||||||||||||||
Mortgage | Lines of Credit | Construction | Individuals | Consumer | |||||||||||||||||||||||||||||||||||||
Pass | $ | 185,686 | $ | 158,335 | $ | 52,612 | $ | 15,444 | $ | 412,077 | |||||||||||||||||||||||||||||||
Special mention | 1,115 | 2,599 | - | 78 | 3,792 | ||||||||||||||||||||||||||||||||||||
Classified | 1,731 | 2,691 | 200 | 31 | 4,653 | ||||||||||||||||||||||||||||||||||||
Total | $ | 188,532 | $ | 163,625 | $ | 52,812 | $ | 15,553 | $ | 420,522 | |||||||||||||||||||||||||||||||
Total Loans | $ | 1,357,316 | |||||||||||||||||||||||||||||||||||||||
Disaggregated By Impairment Method [Member] | ' | ||||||||||||||||||||||||||||||||||||||||
Note 5 - Loans and Allowance for Loan Losses (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||||||||||
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||
Commercial | CRE - | CRE - | AC&D | Other | Residential mortgage | Home | Residential construction | Other | Total | ||||||||||||||||||||||||||||||||
and industrial | owner- | investor | commercial | equity | loans to | ||||||||||||||||||||||||||||||||||||
occupied | income | lines of | individuals | ||||||||||||||||||||||||||||||||||||||
producing | credit | ||||||||||||||||||||||||||||||||||||||||
At September 30, 2013 | (dollars in thousands) | ||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 16 | $ | 24 | $ | 202 | $ | - | $ | - | $ | 182 | $ | 509 | $ | 13 | $ | - | $ | 946 | |||||||||||||||||||||
Collectively evaluated for impairment | 1,526 | 365 | 1,260 | 2,602 | 6 | 276 | 1,107 | 463 | 95 | 7,700 | |||||||||||||||||||||||||||||||
1,542 | 389 | 1,462 | 2,602 | 6 | 458 | 1,616 | 476 | 95 | 8,646 | ||||||||||||||||||||||||||||||||
Purchased credit-impaired | - | - | - | - | - | 6 | - | - | - | 6 | |||||||||||||||||||||||||||||||
Total | $ | 1,542 | $ | 389 | $ | 1,462 | $ | 2,602 | $ | 6 | $ | 464 | $ | 1,616 | $ | 476 | $ | 95 | $ | 8,652 | |||||||||||||||||||||
Recorded Investment in Loans: | |||||||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 326 | $ | 2,266 | $ | 3,850 | $ | 2,275 | $ | 153 | $ | 4,951 | $ | 3,287 | $ | 79 | $ | 62 | $ | 17,249 | |||||||||||||||||||||
Collectively evaluated for impairment | 124,709 | 231,529 | 303,966 | 111,344 | 3,646 | 135,045 | 141,461 | 38,961 | 23,307 | 1,113,968 | |||||||||||||||||||||||||||||||
125,035 | 233,795 | 307,816 | 113,619 | 3,799 | 139,996 | 144,748 | 39,040 | 23,369 | 1,131,217 | ||||||||||||||||||||||||||||||||
Purchased credit-impaired | 6,488 | 39,545 | 64,087 | 29,165 | 142 | 34,784 | 1,736 | 7,459 | 1,356 | 184,762 | |||||||||||||||||||||||||||||||
Total | $ | 131,523 | $ | 273,340 | $ | 371,903 | $ | 142,784 | $ | 3,941 | $ | 174,780 | $ | 146,484 | $ | 46,499 | $ | 24,725 | $ | 1,315,979 | |||||||||||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 115 | $ | - | $ | - | $ | - | $ | - | $ | 249 | $ | 351 | $ | - | $ | - | $ | 715 | |||||||||||||||||||||
Collectively evaluated for impairment | 734 | 496 | 1,102 | 4,157 | 8 | 205 | 1,112 | 1,046 | 49 | 8,909 | |||||||||||||||||||||||||||||||
849 | 496 | 1,102 | 4,157 | 8 | 454 | 1,463 | 1,046 | 49 | 9,624 | ||||||||||||||||||||||||||||||||
Purchased credit-impaired | 225 | - | - | 542 | - | 200 | - | - | - | 967 | |||||||||||||||||||||||||||||||
Total | $ | 1,074 | $ | 496 | $ | 1,102 | $ | 4,699 | $ | 8 | $ | 654 | $ | 1,463 | $ | 1,046 | $ | 49 | $ | 10,591 | |||||||||||||||||||||
Recorded Investment in Loans: | |||||||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 607 | $ | 2,337 | $ | 4,243 | $ | 4,855 | $ | 168 | $ | 3,463 | $ | 1,925 | $ | 71 | $ | 73 | $ | 17,742 | |||||||||||||||||||||
Collectively evaluated for impairment | 111,202 | 252,154 | 281,755 | 96,265 | 4,718 | 144,586 | 159,751 | 41,476 | 13,385 | 1,105,292 | |||||||||||||||||||||||||||||||
111,809 | 254,491 | 285,998 | 101,120 | 4,886 | 148,049 | 161,676 | 41,547 | 13,458 | 1,123,034 | ||||||||||||||||||||||||||||||||
Purchased credit-impaired | 7,323 | 44,925 | 85,959 | 39,541 | 742 | 40,483 | 1,949 | 11,265 | 2,095 | 234,282 | |||||||||||||||||||||||||||||||
Total | $ | 119,132 | $ | 299,416 | $ | 371,957 | $ | 140,661 | $ | 5,628 | $ | 188,532 | $ | 163,625 | $ | 52,812 | $ | 15,553 | $ | 1,357,316 | |||||||||||||||||||||
Current Year [Member] | ' | ||||||||||||||||||||||||||||||||||||||||
Note 5 - Loans and Allowance for Loan Losses (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||||||||||
Additional Information Regarding Troubled Debt Restructurings [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 30-Sep-13 | ||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | Number of | Pre-Modification Outstanding Recorded | Post-Modification Outstanding Recorded | Number of | Pre-Modification Outstanding Recorded | Post-Modification Outstanding Recorded | |||||||||||||||||||||||||||||||||||
loans | Investment | Investment | loans | Investment | Investment | ||||||||||||||||||||||||||||||||||||
Below market interest rate | |||||||||||||||||||||||||||||||||||||||||
Residential mortgage | - | $ | - | $ | - | 1 | $ | 43 | $ | 43 | |||||||||||||||||||||||||||||||
Total | - | - | - | 1 | 43 | 43 | |||||||||||||||||||||||||||||||||||
Extended payment terms | |||||||||||||||||||||||||||||||||||||||||
AC&D | - | - | - | 1 | 962 | 962 | |||||||||||||||||||||||||||||||||||
Total | - | - | - | 1 | 962 | 962 | |||||||||||||||||||||||||||||||||||
Total | - | $ | - | $ | - | 2 | $ | 1,005 | $ | 1,005 | |||||||||||||||||||||||||||||||
Previous Year [Member] | ' | ||||||||||||||||||||||||||||||||||||||||
Note 5 - Loans and Allowance for Loan Losses (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||||||||||
Additional Information Regarding Troubled Debt Restructurings [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||||||||||||||||||||||||||
30-Sep-12 | 30-Sep-12 | ||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | Number of | Pre-Modification Outstanding Recorded | Post-Modification Outstanding Recorded | Number of | Pre-Modification Outstanding Recorded | Post-Modification Outstanding Recorded | |||||||||||||||||||||||||||||||||||
loans | Investment | Investment | loans | Investment | Investment | ||||||||||||||||||||||||||||||||||||
Below market interest rate | |||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 1 | $ | 3,610 | $ | 3,610 | 1 | $ | 3,610 | $ | 3,610 | |||||||||||||||||||||||||||||||
Total | 1 | $ | 3,610 | $ | 3,610 | 1 | $ | 3,610 | $ | 3,610 |
Note_6_FDIC_For_Loss_Share_Agr1
Note 6 - FDIC For Loss Share Agreements (Tables) | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
Disclosure Text Block Supplement [Abstract] | ' | ||||
FDIC Indemnification Asset Roll Forward [Table Text Block] | ' | ||||
Balance, beginning of period | $ | 18,697 | |||
Increase in expected losses on loans | 297 | ||||
Additional losses to OREO | 438 | ||||
Reimbursable expenses (income) | 321 | ||||
Amortization discounts and premiums, net | (209 | ) | |||
Reimbursements from the FDIC | (6,104 | ) | |||
Other changes, net | 519 | ||||
Balance, end of period | $ | 13,959 |
Note_7_Other_Real_Estate_Owned1
Note 7 - Other Real Estate Owned (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||
Schedule of Real Estate Properties [Table Text Block] | ' | ||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
Non-covered OREO | September 30, | September 30, | September 30, | September 30, | |||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(dollars in thousands) | |||||||||||||||||
Beginning balance | $ | 9,741 | $ | 14,744 | $ | 18,427 | $ | 14,403 | |||||||||
Additions | 772 | 1,286 | 1,735 | 7,464 | |||||||||||||
Sales | (1,667 | ) | (2,247 | ) | (11,009 | ) | (7,043 | ) | |||||||||
Writedowns | (138 | ) | (755 | ) | (445 | ) | (1,796 | ) | |||||||||
Ending balance | $ | 8,708 | $ | 13,028 | $ | 8,708 | $ | 13,028 | |||||||||
Three months ended | Nine months ended | ||||||||||||||||
Covered OREO | September 30, | September 30, | September 30, | September 30, | |||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(dollars in thousands) | |||||||||||||||||
Beginning balance | $ | 6,542 | $ | - | $ | 6,646 | $ | - | |||||||||
Additions | 1,887 | - | 5,203 | - | |||||||||||||
Sales | (2,255 | ) | - | (4,969 | ) | - | |||||||||||
Writedowns | (1 | ) | - | (707 | ) | - | |||||||||||
Ending balance | $ | 6,173 | $ | - | $ | 6,173 | $ | - |
Note_9_Per_Share_Results_Table
Note 9 - Per Share Results (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Schedule of Weighted Average Number of Shares [Table Text Block] | ' | ||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
30-Sep | 30-Sep | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Weighted-average number of common shares outstanding | 44,170,964 | 32,138,367 | 44,098,417 | 32,111,466 | |||||||||||||
Effect of dilutive stock options and restricted shares | 102,857 | 187 | 74,052 | 61 | |||||||||||||
Weighted-average number of common shares and dilutive potential common shares outstanding | 44,273,821 | 32,138,554 | 44,172,469 | 32,111,527 |
Note_12_Derivative_Financial_I1
Note 12 - Derivative Financial Instruments and Hedging Activities (Tables) | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||
Schedule of Derivative Instruments [Table Text Block] | ' | |||||||||||||||||
Original | Current | Termination | Fixed | Floating | Floating | |||||||||||||
Notional | Notional | Date | Rate | Rate | Rate | |||||||||||||
Amount | Amount | Payer | ||||||||||||||||
Spread | ||||||||||||||||||
$ | 2,555 | $ | 2,423 | 10/15/15 | 5.5 | % | USD-LIBOR-BBA | 2.88 | % | |||||||||
3,595 | 3,260 | 4/27/17 | 5.25 | % | USD-LIBOR-BBA | 2.73 | % | |||||||||||
$ | 6,150 | $ | 5,683 |
Note_13_Fair_Value_Measurement1
Note 13 - Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | ||||||||||||||||||||
Fair Value Measurements | |||||||||||||||||||||
(Dollars in thousands) | Carrying | Estimated | Quoted Prices in Active Markets for Identical Assets or Liabilities | Significant Other Observable Inputs | Significant Unobservable Inputs | ||||||||||||||||
Amount | Fair Value | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
September 30, 2013: | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 52,697 | $ | 52,697 | $ | 52,697 | $ | - | $ | - | |||||||||||
Investment securities | 355,032 | 355,076 | 1,839 | 352,827 | 410 | ||||||||||||||||
Nonmarketable equity securities | 6,805 | 6,805 | - | 6,805 | - | ||||||||||||||||
Loans held for sale | 3,070 | 3,070 | - | 3,070 | - | ||||||||||||||||
Loans, net of allowance | 1,307,690 | 1,280,248 | - | 5,973 | 1,274,275 | ||||||||||||||||
FDIC indemnification asset | 13,959 | 12,674 | - | - | 12,674 | ||||||||||||||||
Accrued interest receivable | 4,006 | 4,006 | - | - | 4,006 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits with no stated maturity | 991,322 | 991,322 | - | 991,322 | - | ||||||||||||||||
Deposits with stated maturities | 564,641 | 565,085 | - | 565,085 | - | ||||||||||||||||
Swap fair value hedge | 290 | 290 | - | 290 | - | ||||||||||||||||
Borrowings | 99,634 | 99,453 | - | 99,453 | - | ||||||||||||||||
Contingent payable | 3,003 | 3,003 | - | 3,003 | - | ||||||||||||||||
Accrued interest payable | 425 | 425 | - | 425 | - | ||||||||||||||||
December 31, 2012: | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 184,142 | $ | 184,142 | $ | 184,142 | $ | - | $ | - | |||||||||||
Investment securities | 245,571 | 245,571 | - | 245,156 | 415 | ||||||||||||||||
Nonmarketable equity securities | 7,422 | 7,422 | - | 7,422 | - | ||||||||||||||||
Loans held for sale | 14,147 | 14,147 | - | 14,147 | - | ||||||||||||||||
Loans, net of allowance | 1,346,116 | 1,332,683 | - | 11,390 | 1,321,293 | ||||||||||||||||
FDIC indemnification asset | 18,697 | 18,697 | - | - | 18,697 | ||||||||||||||||
Accrued interest receivable | 3,821 | 3,821 | - | 3,821 | |||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits with no stated maturity | 1,002,258 | 1,002,258 | - | 1,002,258 | - | ||||||||||||||||
Deposits with stated maturities | 629,746 | 631,289 | - | 631,289 | - | ||||||||||||||||
Swap fair value hedge | 453 | 453 | - | 453 | - | ||||||||||||||||
Borrowings | 101,716 | 101,307 | - | 101,307 | - | ||||||||||||||||
Contingent payable | 3,003 | 3,003 | - | 3,003 | - | ||||||||||||||||
Accrued interest payable | 516 | 516 | - | 516 | - | ||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||||||
Description | Quoted Prices in | Significant | Significant | Assets/Liabilities | |||||||||||||||||
Active Markets for | Other | Unobservable Inputs | at Fair Value | ||||||||||||||||||
Identical Assets | Observable Inputs | (Level 3) | |||||||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
U.S. Government agencies | $ | - | $ | 563 | $ | - | $ | 563 | |||||||||||||
Municipal securities | - | 16,614 | - | 16,614 | |||||||||||||||||
Residential agency mortgage-backed securities | - | 94,660 | - | 94,660 | |||||||||||||||||
Commercial mortgage-backed securities | - | 62,061 | - | 62,061 | |||||||||||||||||
All other debt securities | - | 152,249 | 410 | 152,659 | |||||||||||||||||
All other equity securities | 1,839 | - | - | 1,839 | |||||||||||||||||
Fair value loans | - | 5,973 | - | 5,973 | |||||||||||||||||
Swap fair value hedge | - | (290 | ) | - | (290 | ) | |||||||||||||||
31-Dec-12 | |||||||||||||||||||||
U.S. Government agencies | $ | - | $ | 583 | $ | - | $ | 583 | |||||||||||||
Municipal securities | - | 17,986 | - | 17,986 | |||||||||||||||||
Residential agency mortgage-backed securities | - | 159,113 | - | 159,113 | |||||||||||||||||
All other debt securities | - | 67,474 | 415 | 67,889 | |||||||||||||||||
Fair value loans | - | 11,390 | - | 11,390 | |||||||||||||||||
Swap fair value hedge | - | (453 | ) | - | (453 | ) | |||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | ' | ||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Corporate debt security: | |||||||||||||||||||||
Balance, beginning of period | $ | 409 | $ | 408 | $ | 415 | $ | 405 | |||||||||||||
(Increase) decrease in unrealized loss | 1 | 4 | (5 | ) | 7 | ||||||||||||||||
- | - | ||||||||||||||||||||
Balance, end of period | $ | 410 | $ | 412 | $ | 410 | $ | 412 | |||||||||||||
Fair Value Measurements, Nonrecurring [Table Text Block] | ' | ||||||||||||||||||||
Description | Quoted Prices | Significant | Significant | Assets/ | |||||||||||||||||
in Active | Other | Unobservable | (Liabilities) | ||||||||||||||||||
Markets for | Observable | Inputs | at Fair Value | ||||||||||||||||||
Identical | Inputs | (Level 3) | |||||||||||||||||||
Assets | (Level 2) | ||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
OREO | $ | - | $ | - | $ | 6,026 | $ | 6,026 | |||||||||||||
Impaired loans: | |||||||||||||||||||||
Commercial and industrial | - | - | 83 | 83 | |||||||||||||||||
CRE - owner-occupied | - | - | 124 | 124 | |||||||||||||||||
CRE - investor income producing | - | - | 3,469 | 3,469 | |||||||||||||||||
Residential mortgage | - | - | 1,154 | 1,154 | |||||||||||||||||
Home equity lines of credit | - | - | 1,591 | 1,591 | |||||||||||||||||
Residential construction | - | - | 65 | 65 | |||||||||||||||||
Other loans to individuals | - | - | 2 | 2 | |||||||||||||||||
31-Dec-12 | |||||||||||||||||||||
OREO | $ | - | $ | - | $ | 25,073 | $ | 25,073 | |||||||||||||
Impaired loans: | |||||||||||||||||||||
Commercial and industrial | - | - | 115 | 115 | |||||||||||||||||
Residential mortgage | - | - | 962 | 962 | |||||||||||||||||
Home equity lines of credit | - | - | 155 | 155 | |||||||||||||||||
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | ' | ||||||||||||||||||||
(dollars in thousands) | Fair Value | Valuation Methodology | Unobservable Inputs | Range of Inputs | Weighted Average Discount | ||||||||||||||||
OREO | $ | 6,026 | Appraisals | Discount to reflect current market conditions | 0% | - | 55% | 17.50% | |||||||||||||
Impaired loans | 5,257 | Discounted cash flows | Percent of total contractual cash flows not expected to be collected | 0% | - | 50% | 12.71% | ||||||||||||||
1,038 | Probability of default model | Discount to reflect probability and loss given default | 0% | - | 100% | 19.19% | |||||||||||||||
193 | Collateral based measurements | Discount to reflect current market conditions and ultimate collectability | 0% | - | 60% | 37.73% | |||||||||||||||
$ | 12,514 |
Note_14_Shareholders_Equity_Ta
Note 14 - Shareholders' Equity (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | ||||||||||||||||||||||||||||
Outstanding Options | Nonvested Restricted Shares | ||||||||||||||||||||||||||||
Number | Weighted | Weighted | Intrinsic | Number | Weighted | Aggregate | |||||||||||||||||||||||
Outstanding | Average | Average | Value | Outstanding | Average | Intrinsic | |||||||||||||||||||||||
Exercise | Contractual | Grant Date | Value | ||||||||||||||||||||||||||
Price | Term (Years) | Fair Value | |||||||||||||||||||||||||||
At December 31, 2012 | 3,119,692 | $ | 7.84 | 5.27 | $ | - | 646,260 | $ | 4.01 | $ | 3,379,940 | ||||||||||||||||||
Restricted Shares Granted | - | - | - | - | 151,500 | 5.61 | 971,115 | ||||||||||||||||||||||
Restricted Shares Vested | - | - | - | - | (21,000 | ) | 4.68 | 134,613 | |||||||||||||||||||||
Exercised | (55,391 | ) | 5.1 | - | - | - | - | - | |||||||||||||||||||||
Expired and forfeited | (116,264 | ) | 8.24 | - | - | (22,860 | ) | 4.55 | 146,533 | ||||||||||||||||||||
At September 30, 2013 | 2,948,037 | $ | 7.88 | 4.53 | $ | 337,538 | 753,900 | $ | 4.3 | $ | 4,832,496 | ||||||||||||||||||
Exercisable at September 30, 2013 | 2,816,698 | $ | 7.97 | 4.39 |
Note_3_Business_Combinations_D
Note 3 - Business Combinations (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Oct. 02, 2012 | Oct. 02, 2012 | Sep. 28, 2012 | |
Citizens South Banking Corporation [Member] | Citizens South Banking Corporation [Member] | |||||
Note 3 - Business Combinations (Details) [Line Items] | ' | ' | ' | ' | ' | |
Business Acquisition Price Per Share Paid (in Dollars per share) | ' | ' | ' | $7 | ' | |
Business Acquisition Stock Issued Per Share of Stock Held (in Dollars per share) | ' | ' | ' | $1.48 | ' | |
Maximum Percent of Merger Allowable in Cash | ' | ' | ' | 30.00% | ' | |
Maximum Amount of Merger Paid in Common Stock | ' | ' | ' | 70.00% | ' | |
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | ' | ' | ' | 11,857,226 | ' | |
Payments to Acquire Businesses, Gross | ' | ' | ' | $24,300,000 | ' | |
Closing Share Price (in Dollars per share) | ' | ' | ' | ' | $4.94 | |
Business Combination, Consideration Transferred | ' | ' | ' | ' | 82,900,000 | |
Preferred Stock, Shares Issued (in Shares) | 0 | 20,500 | [1] | 20,500 | 20,500 | ' |
Goodwill | 26,589,000 | 26,589,000 | [1] | ' | 22,500,000 | ' |
Business Acquisition Cash Paid for Fractional Shares | ' | ' | ' | $3,500,000 | ' | |
[1] | Derived from audited financial statements. |
Note_3_Business_Combinations_D1
Note 3 - Business Combinations (Details) - Consideration Paid by the Company in the Merger (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Oct. 02, 2012 | Sep. 28, 2012 | |
In Thousands, unless otherwise specified | As Recorded by Acquiree [Member] | Fair Value and Other Merger Related Adjustments [Member] | As Recorded by the Company [Member] | Citizens South Banking Corporation [Member] | Citizens South Banking Corporation [Member] | |||
Citizens South Banking Corporation [Member] | Citizens South Banking Corporation [Member] | Citizens South Banking Corporation [Member] | ||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | |
Cash | ' | ' | ' | ' | $24,283 | $24,300 | ' | |
Common shares issued (11,857,226 shares) | ' | ' | ' | ' | 58,575 | ' | ' | |
Fair value of noncontrolling interest | ' | ' | ' | ' | 20,500 | ' | ' | |
Fair Value of Total Consideration Transferred | ' | ' | ' | ' | 103,358 | ' | 82,900 | |
Cash and cash equivalents | ' | ' | 48,661 | 0 | 48,661 | ' | ' | |
Securities | ' | ' | 88,068 | 2,275 | 90,343 | ' | ' | |
Nonmarketable equity securities | ' | ' | 5,390 | 0 | 5,390 | ' | ' | |
Loans held for sale | ' | ' | 1,695 | 0 | 1,695 | ' | ' | |
Loans, net of allowance | ' | ' | 694,016 | -12,340 | 681,676 | ' | ' | |
Premises and equipment | ' | ' | 25,443 | 4,326 | 29,769 | ' | ' | |
Core deposit intangibles | ' | ' | 1,032 | 5,168 | 6,200 | ' | ' | |
Other real estate owned | ' | ' | 18,957 | -3,169 | 15,788 | ' | ' | |
Bank owned life insurance | ' | ' | 18,879 | -79 | 18,800 | ' | ' | |
Deferred tax asset | ' | ' | 3,560 | -728 | 2,832 | ' | ' | |
FDIC indemnification asset | ' | ' | 20,652 | 1,846 | 22,498 | ' | ' | |
Other assets | ' | ' | 4,338 | -238 | 4,100 | ' | ' | |
Total assets acquired | ' | ' | 930,691 | -2,939 | 927,752 | ' | ' | |
Deposits | ' | ' | 826,134 | 2,166 | 828,300 | ' | ' | |
Short term borrowings | ' | ' | 7,678 | 0 | 7,678 | ' | ' | |
Junior subordinated debt | ' | ' | 15,464 | -6,627 | 8,837 | ' | ' | |
Other liabilities | ' | ' | 418 | 5,128 | 5,546 | ' | ' | |
Total liabilities assumed | ' | ' | 849,694 | 667 | 850,361 | ' | ' | |
Total identifiable assets | ' | ' | 80,997 | -3,606 | 77,391 | ' | ' | |
Goodwill resulting from acquisition | $26,589 | $26,589 | [1] | ' | ' | $25,967 | $22,500 | ' |
[1] | Derived from audited financial statements. |
Note_3_Business_Combinations_D2
Note 3 - Business Combinations (Details) - Consideration Paid by the Company in the Merger (Parentheticals) (Citizens South Banking Corporation [Member]) | 9 Months Ended | 0 Months Ended |
Sep. 30, 2013 | Oct. 02, 2012 | |
As Recorded by the Company [Member] | ||
Business Acquisition [Line Items] | ' | ' |
Common shares issued (in Shares) | 11,857,226 | 11,857,226 |
Note_4_Investment_Securities_D
Note 4 - Investment Securities (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | ||
Note 4 - Investment Securities (Details) [Line Items] | ' | ' | ' | ' | ' | |
Available-for-sale Securities Pledged as Collateral | $94,100,000 | ' | $94,100,000 | ' | $102,500,000 | |
Proceeds from Sale of Available-for-sale Securities | 0 | 23,900,000 | 22,815,000 | 46,367,000 | ' | |
Available-for-sale Securities, Gross Realized Gains | ' | 1,000,000 | 100,000 | 1,500,000 | ' | |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | ' | 1 | ' | 1 | |
Nonmarketable Equity Securities | 6,805,000 | ' | 6,805,000 | ' | 7,422,000 | [1] |
Federal Home Loan Bank Stock | 5,800,000 | ' | 5,800,000 | ' | 6,300,000 | |
Aggregate Cost [Member] | ' | ' | ' | ' | ' | |
Note 4 - Investment Securities (Details) [Line Items] | ' | ' | ' | ' | ' | |
Nonmarketable Equity Securities | 6,800,000 | ' | 6,800,000 | ' | 7,400,000 | |
Delegated Underwriting and Servicing (DUS) [Member] | ' | ' | ' | ' | ' | |
Note 4 - Investment Securities (Details) [Line Items] | ' | ' | ' | ' | ' | |
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure | 56,300,000 | ' | 56,300,000 | ' | ' | |
Private-Label Securities Collateralized by Commercial Properties [Member] | ' | ' | ' | ' | ' | |
Note 4 - Investment Securities (Details) [Line Items] | ' | ' | ' | ' | ' | |
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure | 5,700,000 | ' | 5,700,000 | ' | ' | |
Commercial Mortgage Backed Securities [Member] | ' | ' | ' | ' | ' | |
Note 4 - Investment Securities (Details) [Line Items] | ' | ' | ' | ' | ' | |
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure | ' | ' | ' | ' | 0 | |
Asset-backed Securities [Member] | ' | ' | ' | ' | ' | |
Note 4 - Investment Securities (Details) [Line Items] | ' | ' | ' | ' | ' | |
Marketable Securities | 5,700,000 | ' | 5,700,000 | ' | ' | |
Private-Label Asset-Backed Securities [Member] | ' | ' | ' | ' | ' | |
Note 4 - Investment Securities (Details) [Line Items] | ' | ' | ' | ' | ' | |
Marketable Securities | ' | ' | ' | ' | $0 | |
[1] | Derived from audited financial statements. |
Note_4_Investment_Securities_D1
Note 4 - Investment Securities (Details) - Amortized Cost and Fair Value of Investment Portfolio (USD $) | 9 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | |
Securities available-for-sale: | ' | ' | |
Securities available-for-sale - Amortized cost | $334,782 | $240,450 | |
Securities available-for-sale - Gross unrealized gains | 2,868 | 5,997 | |
Securities available-for-sale - Gross unrealized losses | -9,254 | -876 | |
Securities available-for-sale - Fair Value | 328,396 | 245,571 | |
Securities held-to-maturity: | ' | ' | |
Securities held-to-maturity - Amortized cost | 26,636 | 0 | [1] |
Securities held-to-maturity - Gross unrealized gains | 221 | ' | |
Securities held-to-maturity - Gross unrealized losses | -177 | ' | |
Securities held-to-maturity - Fair Value | 26,680 | 0 | [1] |
US Government Agencies Debt Securities [Member] | ' | ' | |
Securities available-for-sale: | ' | ' | |
Securities available-for-sale - Amortized cost | 514 | 518 | |
Securities available-for-sale - Gross unrealized gains | 49 | 65 | |
Securities available-for-sale - Gross unrealized losses | 0 | 0 | |
Securities available-for-sale - Fair Value | 563 | 583 | |
US States and Political Subdivisions Debt Securities [Member] | ' | ' | |
Securities available-for-sale: | ' | ' | |
Securities available-for-sale - Amortized cost | 15,830 | 16,258 | |
Securities available-for-sale - Gross unrealized gains | 784 | 1,727 | |
Securities available-for-sale - Gross unrealized losses | 0 | 0 | |
Securities available-for-sale - Fair Value | 16,614 | 17,986 | |
Residential Mortgage Backed Securities [Member] | ' | ' | |
Securities available-for-sale: | ' | ' | |
Securities available-for-sale - Amortized cost | 93,744 | 156,492 | |
Securities available-for-sale - Gross unrealized gains | 1,265 | 3,188 | |
Securities available-for-sale - Gross unrealized losses | -349 | -567 | |
Securities available-for-sale - Fair Value | 94,660 | 159,113 | |
Securities held-to-maturity: | ' | ' | |
Securities held-to-maturity - Amortized cost | 15,748 | ' | |
Securities held-to-maturity - Gross unrealized gains | 143 | ' | |
Securities held-to-maturity - Gross unrealized losses | 0 | ' | |
Securities held-to-maturity - Fair Value | 15,891 | ' | |
Commercial Mortgage Backed Securities [Member] | ' | ' | |
Securities available-for-sale: | ' | ' | |
Securities available-for-sale - Amortized cost | 66,739 | ' | |
Securities available-for-sale - Gross unrealized gains | 0 | ' | |
Securities available-for-sale - Gross unrealized losses | -4,678 | ' | |
Securities available-for-sale - Fair Value | 62,061 | ' | |
All Other Debt Securities [Member] | ' | ' | |
Securities available-for-sale: | ' | ' | |
Securities available-for-sale - Amortized cost | 156,562 | 67,181 | |
Securities available-for-sale - Gross unrealized gains | 324 | 1,017 | |
Securities available-for-sale - Gross unrealized losses | -4,227 | -309 | |
Securities available-for-sale - Fair Value | 152,659 | 67,889 | |
Securities held-to-maturity: | ' | ' | |
Securities held-to-maturity - Amortized cost | 10,888 | ' | |
Securities held-to-maturity - Gross unrealized gains | 78 | ' | |
Securities held-to-maturity - Gross unrealized losses | -177 | ' | |
Securities held-to-maturity - Fair Value | 10,789 | ' | |
All Other Equity Securities [Member] | ' | ' | |
Securities available-for-sale: | ' | ' | |
Securities available-for-sale - Amortized cost | 1,393 | ' | |
Securities available-for-sale - Gross unrealized gains | 446 | ' | |
Securities available-for-sale - Gross unrealized losses | 0 | ' | |
Securities available-for-sale - Fair Value | 1,839 | ' | |
Securities held-to-maturity: | ' | ' | |
Securities held-to-maturity - Amortized cost | 0 | ' | |
Securities held-to-maturity - Fair Value | $0 | ' | |
[1] | Derived from audited financial statements. |
Note_4_Investment_Securities_D2
Note 4 - Investment Securities (Details) - Maturities of Investment Portfolio (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | |
In Thousands, unless otherwise specified | |||
Note 4 - Investment Securities (Details) - Maturities of Investment Portfolio [Line Items] | ' | ' | |
Securities Available-for-Sale, amortized cost | $334,782 | ' | |
Securities Available-for-Sale, fair value | 328,396 | 245,571 | |
Securities Held-to-Maturity, amortized cost | 26,636 | 0 | [1] |
Securities Held-to-Maturity, fair value | 26,680 | 0 | [1] |
US Government Agencies Debt Securities [Member] | ' | ' | |
Note 4 - Investment Securities (Details) - Maturities of Investment Portfolio [Line Items] | ' | ' | |
Due after one year through five years | 514 | ' | |
Due after one year through five years | 563 | ' | |
Due after one year through five years | 0 | ' | |
Due after one year through five years | 0 | ' | |
Securities Available-for-Sale, fair value | 563 | 583 | |
US States and Political Subdivisions Debt Securities [Member] | ' | ' | |
Note 4 - Investment Securities (Details) - Maturities of Investment Portfolio [Line Items] | ' | ' | |
Due under one year | 450 | ' | |
Due under one year | 455 | ' | |
Due under one year | 0 | ' | |
Due under one year | 0 | ' | |
Securities Available-for-Sale, due after ten years - amortized cost | 15,380 | ' | |
Securities Available-for-Sale, due after ten years - fair value | 16,159 | ' | |
Securities Held-to-Maturity, due after ten years - amortized cost | 0 | ' | |
Securities Held-to-Maturity, due after ten years - fair value | 0 | ' | |
Securities Available-for-Sale, fair value | 16,614 | 17,986 | |
Residential Mortgage Backed Securities [Member] | ' | ' | |
Note 4 - Investment Securities (Details) - Maturities of Investment Portfolio [Line Items] | ' | ' | |
Securities Available-for-Sale, due after five years through ten years - amortized cost | 21,880 | ' | |
Securities Available-for-Sale, due after five years through ten years - fair value | 22,013 | ' | |
Securities Held-to-Maturity, due after five years through ten years - amortized cost | 0 | ' | |
Securities Held-to-Maturity, due after five years through ten years - fair value | 0 | ' | |
Securities Available-for-Sale, due after ten years - amortized cost | 71,864 | ' | |
Securities Available-for-Sale, due after ten years - fair value | 72,647 | ' | |
Securities Held-to-Maturity, due after ten years - amortized cost | 15,748 | ' | |
Securities Held-to-Maturity, due after ten years - fair value | 15,891 | ' | |
Securities Available-for-Sale, fair value | 94,660 | 159,113 | |
Securities Held-to-Maturity, amortized cost | 15,748 | ' | |
Securities Held-to-Maturity, fair value | 15,891 | ' | |
Commercial Mortgage Backed Securities [Member] | ' | ' | |
Note 4 - Investment Securities (Details) - Maturities of Investment Portfolio [Line Items] | ' | ' | |
Securities Available-for-Sale, due after five years through ten years - amortized cost | 66,739 | ' | |
Securities Available-for-Sale, due after five years through ten years - fair value | 62,061 | ' | |
Securities Held-to-Maturity, due after five years through ten years - amortized cost | 0 | ' | |
Securities Held-to-Maturity, due after five years through ten years - fair value | 0 | ' | |
Securities Available-for-Sale, fair value | 62,061 | ' | |
All Other Debt Securities [Member] | ' | ' | |
Note 4 - Investment Securities (Details) - Maturities of Investment Portfolio [Line Items] | ' | ' | |
Securities Available-for-Sale, due after five years through ten years - amortized cost | 8,317 | ' | |
Securities Available-for-Sale, due after five years through ten years - fair value | 8,193 | ' | |
Securities Held-to-Maturity, due after five years through ten years - amortized cost | 0 | ' | |
Securities Held-to-Maturity, due after five years through ten years - fair value | 0 | ' | |
Securities Available-for-Sale, due after ten years - amortized cost | 148,245 | ' | |
Securities Available-for-Sale, due after ten years - fair value | 144,466 | ' | |
Securities Held-to-Maturity, due after ten years - amortized cost | 10,888 | ' | |
Securities Held-to-Maturity, due after ten years - fair value | 10,789 | ' | |
Securities Available-for-Sale, fair value | 152,659 | 67,889 | |
Securities Held-to-Maturity, amortized cost | 10,888 | ' | |
Securities Held-to-Maturity, fair value | 10,789 | ' | |
All Other Equity Securities [Member] | ' | ' | |
Note 4 - Investment Securities (Details) - Maturities of Investment Portfolio [Line Items] | ' | ' | |
Securities Available-for-Sale, amortized cost | 1,393 | ' | |
Securities Available-for-Sale, fair value | 1,839 | ' | |
Securities Held-to-Maturity, amortized cost | 0 | ' | |
Securities Held-to-Maturity, fair value | $0 | ' | |
[1] | Derived from audited financial statements. |
Note_4_Investment_Securities_D3
Note 4 - Investment Securities (Details) - Investment Portfolio Gross Unrealized Losses and Fair Value (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Securities available-for-sale: | ' | ' |
Securities available-for-sale unrealized loss less than 12 months fair value | $198,040 | $70,972 |
Securities available-for-sale unrealized loss less than 12 months unrealized losses | -9,164 | -791 |
Securities available-for-sale unrealized loss 12 months or more fair value | 410 | 415 |
Securities available-for-sale unrealized loss 12 months or more unrealized losses | -90 | -85 |
Securities available-for-sale unrealized loss fair value | 198,450 | 71,387 |
Securities available-for-sale unrealized loss unrealized losses | -9,254 | -876 |
Securities held-to-maturity: | ' | ' |
Securities held-to-maturity unrealized loss less than 12 months fair value | 5,658 | ' |
Securities held-to-maturity unrealized loss less than 12 months unrealized losses | -177 | ' |
Securities held-to-maturity unrealized loss 12 months or more fair value | 0 | ' |
Securities held-to-maturity unrealized loss 12 months or more unrealized losses | 0 | ' |
Securities held-to-maturity unrealized loss fair value | 5,658 | ' |
Securities held-to-maturity unrealized loss unrealized losses | -177 | ' |
Residential Mortgage Backed Securities [Member] | ' | ' |
Securities available-for-sale: | ' | ' |
Securities available-for-sale unrealized loss less than 12 months fair value | 22,670 | 40,041 |
Securities available-for-sale unrealized loss less than 12 months unrealized losses | -349 | -567 |
Securities available-for-sale unrealized loss 12 months or more fair value | 0 | 0 |
Securities available-for-sale unrealized loss 12 months or more unrealized losses | 0 | 0 |
Securities available-for-sale unrealized loss fair value | 22,670 | 40,041 |
Securities available-for-sale unrealized loss unrealized losses | -349 | -567 |
Commercial Mortgage Backed Securities [Member] | ' | ' |
Securities available-for-sale: | ' | ' |
Securities available-for-sale unrealized loss less than 12 months fair value | 62,061 | ' |
Securities available-for-sale unrealized loss less than 12 months unrealized losses | -4,678 | ' |
Securities available-for-sale unrealized loss 12 months or more fair value | 0 | ' |
Securities available-for-sale unrealized loss 12 months or more unrealized losses | 0 | ' |
Securities available-for-sale unrealized loss fair value | 62,061 | ' |
Securities available-for-sale unrealized loss unrealized losses | -4,678 | ' |
All Other Debt Securities [Member] | ' | ' |
Securities available-for-sale: | ' | ' |
Securities available-for-sale unrealized loss less than 12 months fair value | 113,309 | 30,931 |
Securities available-for-sale unrealized loss less than 12 months unrealized losses | -4,137 | -224 |
Securities available-for-sale unrealized loss 12 months or more fair value | 410 | 415 |
Securities available-for-sale unrealized loss 12 months or more unrealized losses | -90 | -85 |
Securities available-for-sale unrealized loss fair value | 113,719 | 31,346 |
Securities available-for-sale unrealized loss unrealized losses | -4,227 | -309 |
Securities held-to-maturity: | ' | ' |
Securities held-to-maturity unrealized loss less than 12 months fair value | 5,658 | ' |
Securities held-to-maturity unrealized loss less than 12 months unrealized losses | -177 | ' |
Securities held-to-maturity unrealized loss 12 months or more fair value | 0 | ' |
Securities held-to-maturity unrealized loss 12 months or more unrealized losses | 0 | ' |
Securities held-to-maturity unrealized loss fair value | 5,658 | ' |
Securities held-to-maturity unrealized loss unrealized losses | ($177) | ' |
Note_5_Loans_and_Allowance_for2
Note 5 - Loans and Allowance for Loan Losses (Details) (USD $) | 3 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | |
Sold with Limited Recourse [Member] | Sold with Limited Recourse [Member] | Pledged on FHLB Borrowings [Member] | Pledged on FHLB Borrowings [Member] | Pledged on the Federal Reserve Discount Window [Member] | Pledged on the Federal Reserve Discount Window [Member] | Covered Loans Under FDIC Loss Share Agreement [Member] | Purchased Credit Impaired Loans [Member] | Purchased Credit Impaired Loans [Member] | Purchased Credit Impaired Loans [Member] | Purchased Credit Impaired Loans [Member] | Purchased Credit Impaired Loans [Member] | Accruing TDRs [Member] | Accruing TDRs [Member] | Troubled Debt Restructurings [Member] | AC&D Quantitative Reserve [Member] | AC&D Quantitative Reserve [Member] | Other Loan Portfolios Quantitative Reserve [Member] | Other Loan Portfolios Quantitative Reserve [Member] | Qualitative Factor [Member] | Qualitative Factor [Member] | Cumulative To Date [Member] | Cumulative To Date [Member] | Purchased Credit Impaired Loans [Member] | Purchased Credit Impaired Loans [Member] | Purchased Credit Impaired Loans [Member] | All Other Loans [Member] | All Other Loans [Member] | Loans Sold to Other Financial Institutions [Member] | Loans Sold to Other Financial Institutions [Member] | Other Commercial [Member] | Other Commercial [Member] | Other Commercial [Member] | Other Commercial [Member] | Other Commercial [Member] | Acquisition, Construction, and Development Portfolio [Member] | Acquisition, Construction, and Development Portfolio [Member] | Acquisition, Construction, and Development Portfolio [Member] | Acquisition, Construction, and Development Portfolio [Member] | Acquisition, Construction, and Development Portfolio [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Troubled Debt Restructurings [Member] | Troubled Debt Restructurings [Member] | ||||||
Other Commercial [Member] | Acquisition, Construction, and Development Portfolio [Member] | Residential Mortgage Loans [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||
Note 5 - Loans and Allowance for Loan Losses (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Net Reported Amount, Covered | $76,000,000 | ' | $76,000,000 | ' | $101,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $72,700,000 | $72,700,000 | $96,900,000 | $3,300,000 | $4,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans Receivable, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,000,000 | 10,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Loans Held-for-sale | ' | ' | ' | ' | ' | -92,500,000 | -47,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans Pledged as Collateral | ' | ' | ' | ' | ' | ' | ' | 318,800,000 | 144,200,000 | 157,400,000 | 83,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Specific Review Loan Threshold | 1,000,000 | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Provision for Loan, Lease, and Other Losses | -419,000 | ' | 389,000 | ' | ' | ' | ' | ' | ' | ' | ' | 297,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -419,000 | 389,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses, Period Increase (Decrease) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,200,000 | -1,800,000 | 800,000 | 1,600,000 | 530,000 | 313,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability | 125,000 | ' | 125,000 | ' | 125,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Threshold for Loans Evaluated for Impairment | 150,000 | ' | 150,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impaired Financing Receivable, Related Allowance | 946,000 | ' | 946,000 | ' | 715,000 | ' | ' | ' | ' | ' | ' | ' | 225,000 | 542,000 | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 0 | ' | 0 | 0 | ' | 0 | ' | 0 | 182,000 | ' | 182,000 | ' | 249,000 | 248,000 | 54,000 |
Impaired Financing Receivable, Interest Income, Accrual Method | 235,000 | 27,000 | 485,000 | 86,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 235,000 | 485,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | ' | 58,000 | 14,000 | 181,000 | 44,000 | ' | 24,000 | 7,000 | 72,000 | 22,000 | ' | ' | ' |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 357,000 | ' | 357,000 | ' | 77,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impaired Financing Receivable, Unpaid Principal Balance | 37,917,000 | ' | 37,917,000 | ' | 25,362,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 220,700,000 | 220,700,000 | 278,200,000 | ' | ' | ' | ' | 196,000 | ' | 196,000 | ' | 172,000 | 9,775,000 | ' | 9,775,000 | ' | 9,306,000 | 5,782,000 | ' | 5,782,000 | ' | 3,613,000 | ' | ' |
Impaired Financing Receivable, Recorded Investment | 17,249,000 | ' | 17,249,000 | ' | 17,742,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 184,800,000 | 234,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 153,000 | ' | 153,000 | ' | 168,000 | 2,275,000 | ' | 2,275,000 | ' | 4,855,000 | 4,951,000 | ' | 4,951,000 | ' | 3,463,000 | ' | ' |
Percentage of Total Assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.50% | 9.50% | 11.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | 0 | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13 | 18 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 1 | ' | ' | 0 | ' | 1 | ' | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 7,600,000 | ' | 7,600,000 | ' | 10,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 6,778,000 | ' | 6,778,000 | ' | 10,374,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 70,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 153,000 | ' | 153,000 | ' | 168,000 | 542,000 | ' | 542,000 | ' | 3,872,000 | 2,456,000 | ' | 2,456,000 | ' | 1,096,000 | ' | 2,800,000 |
Line of Credit Facility, Remaining Borrowing Capacity | $2,800,000 | ' | $2,800,000 | ' | $1,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_5_Loans_and_Allowance_for3
Note 5 - Loans and Allowance for Loan Losses (Details) - Loan Portfolio (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | |
In Thousands, unless otherwise specified | |||
Consumer: | ' | ' | |
Total loans | $1,240,307 | $1,254,954 | [1] |
Purchased Credit Impaired Loans [Member] | Commercial Real Estate Owner Occupied [Member] | ' | ' | |
Commercial: | ' | ' | |
Commercial real estate loans | 39,545 | 44,925 | |
Purchased Credit Impaired Loans [Member] | Commercial Real Estate Investor Income Producing [Member] | ' | ' | |
Commercial: | ' | ' | |
Commercial real estate loans | 64,087 | 85,959 | |
Purchased Credit Impaired Loans [Member] | Other Commercial [Member] | ' | ' | |
Commercial: | ' | ' | |
Commercial real estate loans | 142 | 742 | |
Purchased Credit Impaired Loans [Member] | ' | ' | |
Commercial: | ' | ' | |
Commercial and industrial | 6,488 | 7,323 | |
Total commercial loans | 139,427 | 178,490 | |
Acquisition, construction and development (AC&D) | 29,165 | 39,541 | |
Consumer: | ' | ' | |
Residential mortgage | 34,784 | 40,483 | |
Home equity lines of credit (HELOC) | 1,736 | 1,949 | |
Residential construction | 7,459 | 11,265 | |
Other loans to individuals | 1,356 | 2,095 | |
Total consumer loans | 45,335 | 55,792 | |
Total loans | 184,762 | 234,282 | |
Deferred costs (fees) | 0 | 0 | |
Total loans, net of deferred costs (fees) | 184,762 | 234,282 | |
All Other Loans [Member] | Commercial Real Estate Owner Occupied [Member] | ' | ' | |
Commercial: | ' | ' | |
Commercial real estate loans | 233,795 | 254,491 | |
All Other Loans [Member] | Commercial Real Estate Investor Income Producing [Member] | ' | ' | |
Commercial: | ' | ' | |
Commercial real estate loans | 307,816 | 285,998 | |
All Other Loans [Member] | Other Commercial [Member] | ' | ' | |
Commercial: | ' | ' | |
Commercial real estate loans | 3,799 | 4,886 | |
All Other Loans [Member] | ' | ' | |
Commercial: | ' | ' | |
Commercial and industrial | 125,035 | 111,809 | |
Total commercial loans | 784,064 | 758,304 | |
Acquisition, construction and development (AC&D) | 113,619 | 101,120 | |
Consumer: | ' | ' | |
Residential mortgage | 139,996 | 148,049 | |
Home equity lines of credit (HELOC) | 144,748 | 161,676 | |
Residential construction | 39,040 | 41,547 | |
Other loans to individuals | 23,369 | 13,458 | |
Total consumer loans | 347,153 | 364,730 | |
Total loans | 1,131,217 | 1,123,034 | |
Deferred costs (fees) | 363 | -609 | |
Total loans, net of deferred costs (fees) | 1,131,580 | 1,122,425 | |
Total [Member] | Commercial Real Estate Owner Occupied [Member] | ' | ' | |
Commercial: | ' | ' | |
Commercial real estate loans | 273,340 | 299,416 | |
Total [Member] | Commercial Real Estate Investor Income Producing [Member] | ' | ' | |
Commercial: | ' | ' | |
Commercial real estate loans | 371,903 | 371,957 | |
Total [Member] | Other Commercial [Member] | ' | ' | |
Commercial: | ' | ' | |
Commercial real estate loans | 3,941 | 5,628 | |
Total [Member] | ' | ' | |
Commercial: | ' | ' | |
Commercial and industrial | 131,523 | 119,132 | |
Total commercial loans | 923,491 | 936,794 | |
Acquisition, construction and development (AC&D) | 142,784 | 140,661 | |
Consumer: | ' | ' | |
Residential mortgage | 174,780 | 188,532 | |
Home equity lines of credit (HELOC) | 146,484 | 163,625 | |
Residential construction | 46,499 | 52,812 | |
Other loans to individuals | 24,725 | 15,553 | |
Total consumer loans | 392,488 | 420,522 | |
Total loans | 1,315,979 | 1,357,316 | |
Deferred costs (fees) | 363 | -609 | |
Total loans, net of deferred costs (fees) | 1,316,342 | 1,356,707 | |
Commercial Real Estate Owner Occupied [Member] | ' | ' | |
Commercial: | ' | ' | |
Total commercial loans | 273,339 | 299,416 | |
Commercial Real Estate Investor Income Producing [Member] | ' | ' | |
Commercial: | ' | ' | |
Total commercial loans | 371,903 | 371,957 | |
Other Commercial [Member] | ' | ' | |
Commercial: | ' | ' | |
Total commercial loans | $3,942 | $5,628 | |
[1] | Derived from audited financial statements. |
Note_5_Loans_and_Allowance_for4
Note 5 - Loans and Allowance for Loan Losses (Details) - Activity in the Allowance for Loan Losses (USD $) | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 |
Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | PCI Loans [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Investor Income Producing [Member] | Commercial Real Estate Investor Income Producing [Member] | Commercial Real Estate Investor Income Producing [Member] | Commercial Real Estate Investor Income Producing [Member] | Acquisition, Construction, and Development Portfolio [Member] | Acquisition, Construction, and Development Portfolio [Member] | Acquisition, Construction, and Development Portfolio [Member] | Acquisition, Construction, and Development Portfolio [Member] | Other Commercial [Member] | Other Commercial [Member] | Other Commercial [Member] | Other Commercial [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Residential Construction [Member] | Residential Construction [Member] | Residential Construction [Member] | Residential Construction [Member] | Other Loans to Individuals [Member] | Other Loans to Individuals [Member] | Other Loans to Individuals [Member] | Other Loans to Individuals [Member] | Unallocated [Member] | Unallocated [Member] | Unallocated [Member] | |||
Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Investor Income Producing [Member] | Commercial Real Estate Investor Income Producing [Member] | Acquisition, Construction, and Development Portfolio [Member] | Acquisition, Construction, and Development Portfolio [Member] | Other Commercial [Member] | Other Commercial [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Residential Construction [Member] | Residential Construction [Member] | Other Loans to Individuals [Member] | Other Loans to Individuals [Member] | Unallocated [Member] | Unallocated [Member] | Before Benefit Attributable to FDIC Loss Share Agreement [Member] | Before Benefit Attributable to FDIC Loss Share Agreement [Member] | Before Benefit Attributable to FDIC Loss Share Agreement [Member] | Before Benefit Attributable to FDIC Loss Share Agreement [Member] | Before Benefit Attributable to FDIC Loss Share Agreement [Member] | Before Benefit Attributable to FDIC Loss Share Agreement [Member] | Before Benefit Attributable to FDIC Loss Share Agreement [Member] | Before Benefit Attributable to FDIC Loss Share Agreement [Member] | Before Benefit Attributable to FDIC Loss Share Agreement [Member] | Before Benefit Attributable to FDIC Loss Share Agreement [Member] | Before Benefit Attributable to FDIC Loss Share Agreement [Member] | Before Benefit Attributable to FDIC Loss Share Agreement [Member] | Before Benefit Attributable to FDIC Loss Share Agreement [Member] | Before Benefit Attributable to FDIC Loss Share Agreement [Member] | Before Benefit Attributable to FDIC Loss Share Agreement [Member] | Before Benefit Attributable to FDIC Loss Share Agreement [Member] | Before Benefit Attributable to FDIC Loss Share Agreement [Member] | Before Benefit Attributable to FDIC Loss Share Agreement [Member] | Before Benefit Attributable to FDIC Loss Share Agreement [Member] | Before Benefit Attributable to FDIC Loss Share Agreement [Member] | FDIC Loss Share Receivable [Member] | FDIC Loss Share Receivable [Member] | FDIC Loss Share Receivable [Member] | FDIC Loss Share Receivable [Member] | FDIC Loss Share Receivable [Member] | FDIC Loss Share Receivable [Member] | FDIC Loss Share Receivable [Member] | FDIC Loss Share Receivable [Member] | FDIC Loss Share Receivable [Member] | FDIC Loss Share Receivable [Member] | FDIC Loss Share Receivable [Member] | FDIC Loss Share Receivable [Member] | FDIC Loss Share Receivable [Member] | FDIC Loss Share Receivable [Member] | FDIC Loss Share Receivable [Member] | FDIC Loss Share Receivable [Member] | FDIC Loss Share Receivable [Member] | FDIC Loss Share Receivable [Member] | FDIC Loss Share Receivable [Member] | FDIC Loss Share Receivable [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Investor Income Producing [Member] | Commercial Real Estate Investor Income Producing [Member] | Commercial Real Estate Investor Income Producing [Member] | Commercial Real Estate Investor Income Producing [Member] | Acquisition, Construction, and Development Portfolio [Member] | Acquisition, Construction, and Development Portfolio [Member] | Acquisition, Construction, and Development Portfolio [Member] | Acquisition, Construction, and Development Portfolio [Member] | Other Commercial [Member] | Other Commercial [Member] | Other Commercial [Member] | Other Commercial [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Residential Construction [Member] | Residential Construction [Member] | Residential Construction [Member] | Residential Construction [Member] | Other Loans to Individuals [Member] | Other Loans to Individuals [Member] | Other Loans to Individuals [Member] | Other Loans to Individuals [Member] | Unallocated [Member] | Unallocated [Member] | Unallocated [Member] | Unallocated [Member] | ||||||||||||||||||||||||||||||||||||||||||||
Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Investor Income Producing [Member] | Commercial Real Estate Investor Income Producing [Member] | Acquisition, Construction, and Development Portfolio [Member] | Acquisition, Construction, and Development Portfolio [Member] | Other Commercial [Member] | Other Commercial [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Residential Construction [Member] | Residential Construction [Member] | Other Loans to Individuals [Member] | Other Loans to Individuals [Member] | Unallocated [Member] | Unallocated [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Investor Income Producing [Member] | Commercial Real Estate Investor Income Producing [Member] | Acquisition, Construction, and Development Portfolio [Member] | Acquisition, Construction, and Development Portfolio [Member] | Other Commercial [Member] | Other Commercial [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Residential Construction [Member] | Residential Construction [Member] | Other Loans to Individuals [Member] | Other Loans to Individuals [Member] | Unallocated [Member] | Unallocated [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Note 5 - Loans and Allowance for Loan Losses (Details) - Activity in the Allowance for Loan Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance, beginning of period | $10,591 | ' | $1,585 | $849 | $343 | $496 | $1,419 | $1,102 | $3,930 | $4,157 | $4 | $8 | $267 | $454 | $1,311 | $1,463 | $518 | $1,046 | $86 | $49 | $9,463 | $9,624 | $8,646 | $9,624 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $216 | ' | $225 | ' | $0 | ' | $0 | ' | $1 | ' | $0 | ' | $445 | ' | $542 | ' | $0 | ' | $0 | ' | $394 | ' | $200 | ' | $3 | ' | $0 | ' | $289 | ' | $0 | ' | $36 | ' | $0 | ' | $1,384 | ' | $967 | ' | $1,180 | $703 | $1,542 | $1,074 | $397 | $740 | $389 | $496 | $1,326 | $2,106 | $1,462 | $1,102 | $3,710 | $3,883 | $2,602 | $4,699 | $10 | $17 | $6 | $8 | $792 | $309 | $464 | $654 | $1,370 | $1,898 | $1,616 | $1,463 | $606 | $455 | $476 | $1,046 | $40 | $43 | $95 | $49 | $9,431 | $10,154 | $8,652 |
Provision for loan losses | -35 | 1,029 | 539 | 1,740 | 57 | -64 | 26 | 131 | -1,240 | -2,206 | 1 | -3 | 284 | 69 | 357 | 756 | -44 | -616 | 20 | 66 | 0 | -127 | ' | ' | 0 | -9 | 0 | 0 | -1 | 16 | -282 | -390 | 0 | 386 | -77 | 117 | -3 | 0 | -56 | 233 | 0 | 36 | -419 | 389 | 0 | 104 | 0 | 0 | 0 | 1 | ' | 192 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 297 | 0 | 67 | -113 | 67 | 0 | 0 | 0 | 0 | -1 | 0 | 15 | 0 | -282 | 0 | -582 | 0 | 0 | 0 | 386 | 0 | -77 | -30 | 117 | 224 | -3 | 0 | 0 | 0 | -56 | 0 | 233 | 0 | 0 | 0 | 36 | 0 | -419 | 37 | 92 | 291 | 153 | 1,009 | ' | ' | -14 | -283 | ' | ' | 412 | 199 | ' | ' | -524 | -616 | ' | ' | 1 | 88 | ' | ' | -22 | 304 | ' | ' | -21 | -412 | ' | ' | -12 | 467 | ' | ' | -3 | -18 | ' | ' | -30 | 738 | ' |
Benefit attributable to FDIC loss share agreements | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | -104 | ' | 0 | ' | 0 | ' | 0 | ' | -1 | ' | 0 | ' | -192 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | -297 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Charge-offs | ' | ' | -634 | -1,190 | -12 | -52 | -9 | -230 | -88 | -94 | 0 | 0 | -125 | -128 | -68 | -660 | 0 | -49 | -22 | -52 | -958 | -2,455 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -216 | ' | -216 | ' | 0 | ' | 0 | ' | 0 | ' | -16 | ' | -163 | ' | -177 | ' | 0 | ' | -386 | ' | -311 | ' | -311 | ' | 0 | ' | 0 | ' | -233 | ' | -233 | ' | -36 | ' | -36 | ' | -959 | ' | -1,375 | ' | -146 | -543 | ' | ' | -56 | -130 | ' | ' | -500 | -1,075 | ' | ' | -383 | -740 | ' | ' | 0 | -94 | ' | ' | -5 | -104 | ' | ' | -8 | -173 | ' | ' | 0 | -328 | ' | ' | -4 | -5 | ' | ' | -1,102 | -3,192 | ' |
Recoveries | ' | ' | 52 | 143 | 1 | 9 | 26 | 459 | 0 | 745 | 1 | 1 | 32 | 63 | 16 | 57 | 2 | 95 | 11 | 32 | 141 | 1,604 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | 25 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | 0 | ' | 25 | ' | 19 | 37 | ' | ' | 0 | 0 | ' | ' | 48 | 56 | ' | ' | 658 | 934 | ' | ' | 0 | 0 | ' | ' | 10 | 12 | ' | ' | 5 | 33 | ' | ' | 124 | 124 | ' | ' | 7 | 20 | ' | ' | 871 | 1,216 | ' |
Net charge-offs | ' | ' | -582 | -1,047 | -11 | -43 | 17 | 229 | -88 | 651 | 1 | 1 | -93 | -65 | -52 | -603 | 2 | 46 | -11 | -20 | -817 | -851 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -216 | ' | -216 | ' | 0 | ' | 0 | ' | 0 | ' | -16 | ' | -163 | ' | -152 | ' | 0 | ' | -386 | ' | -311 | ' | -311 | ' | 0 | ' | 0 | ' | -233 | ' | -233 | ' | -36 | ' | -36 | ' | -959 | ' | -1,350 | ' | -127 | -506 | ' | ' | -56 | -130 | ' | ' | -452 | -1,019 | ' | ' | 275 | 194 | ' | ' | 0 | -94 | ' | ' | 5 | -92 | ' | ' | -3 | -140 | ' | ' | 124 | -204 | ' | ' | 3 | 15 | ' | ' | -231 | -1,976 | ' |
Balance, end of period | $8,652 | ' | $1,542 | $1,542 | $389 | $389 | $1,462 | $1,462 | $2,602 | $2,602 | $6 | $6 | $458 | $458 | $1,616 | $1,616 | $476 | $476 | $95 | $95 | $8,646 | $8,646 | $8,646 | $9,624 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 | ' | $0 | ' | $0 | ' | $0 | ' | $0 | ' | $0 | ' | $0 | ' | $0 | ' | $0 | ' | $0 | ' | $6 | ' | $6 | ' | $0 | ' | $0 | ' | $0 | ' | $0 | ' | $0 | ' | $0 | ' | $6 | ' | $6 | ' | $1,206 | $1,206 | $1,542 | $1,074 | $327 | $327 | $389 | $496 | $1,286 | $1,286 | $1,462 | $1,102 | $3,461 | $3,461 | $2,602 | $4,699 | $11 | $11 | $6 | $8 | $745 | $745 | $464 | $654 | $1,346 | $1,346 | $1,616 | $1,463 | $718 | $718 | $476 | $1,046 | $40 | $40 | $95 | $49 | $9,207 | $9,207 | $8,652 |
Note_5_Loans_and_Allowance_for5
Note 5 - Loans and Allowance for Loan Losses (Details) - Activity in the Allowance for Loan Losses Continued (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Investor Income Producing [Member] | Commercial Real Estate Investor Income Producing [Member] | Commercial Real Estate Investor Income Producing [Member] | Commercial Real Estate Investor Income Producing [Member] | Commercial Real Estate Investor Income Producing [Member] | Acquisition, Construction, and Development Portfolio [Member] | Acquisition, Construction, and Development Portfolio [Member] | Acquisition, Construction, and Development Portfolio [Member] | Acquisition, Construction, and Development Portfolio [Member] | Acquisition, Construction, and Development Portfolio [Member] | Other Commercial [Member] | Other Commercial [Member] | Other Commercial [Member] | Other Commercial [Member] | Other Commercial [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Residential Construction [Member] | Residential Construction [Member] | Residential Construction [Member] | Residential Construction [Member] | Residential Construction [Member] | Other Loans to Individuals [Member] | Other Loans to Individuals [Member] | Other Loans to Individuals [Member] | Other Loans to Individuals [Member] | Other Loans to Individuals [Member] | ||
Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Owner Occupied [Member] | Commercial Real Estate Investor Income Producing [Member] | Commercial Real Estate Investor Income Producing [Member] | Commercial Real Estate Investor Income Producing [Member] | Acquisition, Construction, and Development Portfolio [Member] | Acquisition, Construction, and Development Portfolio [Member] | Acquisition, Construction, and Development Portfolio [Member] | Other Commercial [Member] | Other Commercial [Member] | Other Commercial [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Residential Construction [Member] | Residential Construction [Member] | Residential Construction [Member] | Other Loans to Individuals [Member] | Other Loans to Individuals [Member] | Other Loans to Individuals [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||
Note 5 - Loans and Allowance for Loan Losses (Details) - Activity in the Allowance for Loan Losses Continued [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, individually evaluated for impairment | $946 | $715 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $16 | $115 | ' | ' | ' | $24 | $0 | ' | ' | ' | $202 | $0 | ' | ' | ' | $0 | $0 | ' | ' | ' | $0 | $0 | ' | ' | ' | $182 | $249 | ' | ' | ' | $509 | $351 | ' | ' | ' | $13 | $0 | ' | ' | ' | $0 | $0 | ' | ' | ' |
Allowance for loan losses, collectively evaluated for impairment | 7,700 | 8,909 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,526 | 734 | ' | ' | ' | 365 | 496 | ' | ' | ' | 1,260 | 1,102 | ' | ' | ' | 2,602 | 4,157 | ' | ' | ' | 6 | 8 | ' | ' | ' | 276 | 205 | ' | ' | ' | 1,107 | 1,112 | ' | ' | ' | 463 | 1,046 | ' | ' | ' | 95 | 49 | ' | ' | ' |
Allowance for loan losses, total | 8,652 | 10,591 | 1,542 | 1,585 | 849 | 389 | 343 | 496 | 1,462 | 1,419 | 1,102 | 2,602 | 3,930 | 4,157 | 6 | 4 | 8 | 458 | 267 | 454 | 1,616 | 1,311 | 1,463 | 476 | 518 | 1,046 | 95 | 86 | 49 | 8,646 | 9,624 | 1,542 | 1,074 | 1,206 | 1,180 | 703 | 389 | 496 | 327 | 397 | 740 | 1,462 | 1,102 | 1,286 | 1,326 | 2,106 | 2,602 | 4,699 | 3,461 | 3,710 | 3,883 | 6 | 8 | 11 | 10 | 17 | 464 | 654 | 745 | 792 | 309 | 1,616 | 1,463 | 1,346 | 1,370 | 1,898 | 476 | 1,046 | 718 | 606 | 455 | 95 | 49 | 40 | 40 | 43 |
Loan recorded investment, individually evaluated for impairment | 17,249 | 17,742 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 326 | 607 | ' | ' | ' | 2,266 | 2,337 | ' | ' | ' | 3,850 | 4,243 | ' | ' | ' | 2,275 | 4,855 | ' | ' | ' | 153 | 168 | ' | ' | ' | 4,951 | 3,463 | ' | ' | ' | 3,287 | 1,925 | ' | ' | ' | 79 | 71 | ' | ' | ' | 62 | 73 | ' | ' | ' |
Loan recorded investment, collectively evaluated for impairment | 1,113,968 | 1,105,292 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 124,709 | 111,202 | ' | ' | ' | 231,529 | 252,154 | ' | ' | ' | 303,966 | 281,755 | ' | ' | ' | 111,344 | 96,265 | ' | ' | ' | 3,646 | 4,718 | ' | ' | ' | 135,045 | 144,586 | ' | ' | ' | 141,461 | 159,751 | ' | ' | ' | 38,961 | 41,476 | ' | ' | ' | 23,307 | 13,385 | ' | ' | ' |
Loan recorded investment, total | 1,315,979 | 1,357,316 | 125,035 | ' | 111,809 | 233,795 | ' | 254,491 | 307,816 | ' | 285,998 | 113,619 | ' | 101,120 | 3,799 | ' | 4,886 | 139,996 | ' | 148,049 | 144,748 | ' | 161,676 | 39,040 | ' | 41,547 | 23,369 | ' | 13,458 | 1,131,217 | 1,123,034 | 131,523 | 119,132 | ' | ' | ' | 273,340 | 299,416 | ' | ' | ' | 371,903 | 371,957 | ' | ' | ' | 142,784 | 140,661 | ' | ' | ' | 3,941 | 5,628 | ' | ' | ' | 174,780 | 188,532 | ' | ' | ' | 146,484 | 163,625 | ' | ' | ' | 46,499 | 52,812 | ' | ' | ' | 24,725 | 15,553 | ' | ' | ' |
Loan recorded investment, purchased credit-impaired | 184,762 | 234,282 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,488 | 7,323 | ' | ' | ' | 39,545 | 44,925 | ' | ' | ' | 64,087 | 85,959 | ' | ' | ' | 29,165 | 39,541 | ' | ' | ' | 142 | 742 | ' | ' | ' | 34,784 | 40,483 | ' | ' | ' | 1,736 | 1,949 | ' | ' | ' | 7,459 | 11,265 | ' | ' | ' | 1,356 | 2,095 | ' | ' | ' |
Allowance for loan losses, purchased credit-impaired | $6 | $967 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 | $225 | ' | ' | ' | $0 | $0 | ' | ' | ' | $0 | $0 | ' | ' | ' | $0 | $542 | ' | ' | ' | $0 | $0 | ' | ' | ' | $6 | $200 | ' | ' | ' | $0 | $0 | ' | ' | ' | $0 | $0 | ' | ' | ' | $0 | $0 | ' | ' | ' |
Note_5_Loans_and_Allowance_for6
Note 5 - Loans and Allowance for Loan Losses (Details) - Commercial Loans by Credit Quality Indicators (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Commercial and Industrial [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | $130,891 | $115,907 |
Commercial and Industrial [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 351 | 173 |
Commercial and Industrial [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 281 | 3,052 |
Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 131,523 | 119,132 |
Commercial Real Estate Owner Occupied [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 266,152 | 292,418 |
Commercial Real Estate Owner Occupied [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 4,092 | 3,804 |
Commercial Real Estate Owner Occupied [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 3,095 | 3,194 |
Commercial Real Estate Owner Occupied [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 273,339 | 299,416 |
Commercial Real Estate Investor Income Producing [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 363,597 | 361,212 |
Commercial Real Estate Investor Income Producing [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 3,584 | 5,564 |
Commercial Real Estate Investor Income Producing [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 4,722 | 5,181 |
Commercial Real Estate Investor Income Producing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 371,903 | 371,957 |
Acquisition, Construction, and Development Portfolio [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 134,773 | 126,167 |
Acquisition, Construction, and Development Portfolio [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 5,855 | 9,252 |
Acquisition, Construction, and Development Portfolio [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 2,156 | 5,242 |
Acquisition, Construction, and Development Portfolio [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 142,784 | 140,661 |
Other Commercial [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 3,677 | 5,460 |
Other Commercial [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 111 | 0 |
Other Commercial [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 154 | 168 |
Other Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 3,942 | 5,628 |
Total Commercial [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 899,090 | 901,164 |
Total Commercial [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 13,993 | 18,793 |
Total Commercial [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 10,408 | 16,837 |
Total Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | $923,491 | $936,794 |
Note_5_Loans_and_Allowance_for7
Note 5 - Loans and Allowance for Loan Losses (Details) - Consumer Loans By Credit Quality Indicators (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Residential Mortgage Loans [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | $170,624 | $185,686 |
Residential Mortgage Loans [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 1,433 | 1,115 |
Residential Mortgage Loans [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 2,723 | 1,731 |
Residential Mortgage Loans [Member] | Total Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 174,780 | 188,532 |
Home Equity Lines of Credit [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 140,263 | 158,335 |
Home Equity Lines of Credit [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 2,710 | 2,599 |
Home Equity Lines of Credit [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 3,511 | 2,691 |
Home Equity Lines of Credit [Member] | Total Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 146,484 | 163,625 |
Residential Construction [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 45,717 | 52,612 |
Residential Construction [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 539 | 0 |
Residential Construction [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 243 | 200 |
Residential Construction [Member] | Total Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 46,499 | 52,812 |
Other Loans to Individuals [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 24,244 | 15,444 |
Other Loans to Individuals [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 369 | 78 |
Other Loans to Individuals [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 112 | 31 |
Other Loans to Individuals [Member] | Total Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 24,725 | 15,553 |
Total Consumer Loans [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 380,848 | 412,077 |
Total Consumer Loans [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 5,051 | 3,792 |
Total Consumer Loans [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 6,589 | 4,653 |
Total Consumer Loans [Member] | Total Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 392,488 | 420,522 |
Total Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | $1,315,979 | $1,357,316 |
Note_5_Loans_and_Allowance_for8
Note 5 - Loans and Allowance for Loan Losses (Details) - Aging Analysis of Accruing and Non-Accruing Loans (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | |
In Thousands, unless otherwise specified | |||
Commercial: | ' | ' | |
Financing Receivable - Past Due 90 Days or More | $357 | $77 | |
Financing Receivable - PCI Loans | 1,240,307 | 1,254,954 | [1] |
Financing Receivable - Nonaccrual | 6,778 | 10,374 | |
Commercial and Industrial [Member] | Purchased Credit Impaired Loans [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - PCI Loans | 6,488 | 7,323 | |
Commercial and Industrial [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - 30-59 Days Past Due | 340 | 1,316 | |
Financing Receivable - 60-89 Days Past Due | 221 | 83 | |
Financing Receivable - Past Due 90 Days or More | 37 | 230 | |
Financing Receivable - Nonaccrual | 124,437 | 110,180 | |
Financing Receivable - Current | 131,523 | 119,132 | |
Commercial Real Estate Owner Occupied [Member] | Purchased Credit Impaired Loans [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - PCI Loans | 39,545 | 44,925 | |
Commercial Real Estate Owner Occupied [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - 30-59 Days Past Due | 0 | 48 | |
Financing Receivable - 60-89 Days Past Due | 0 | 1,903 | |
Financing Receivable - Past Due 90 Days or More | 674 | 113 | |
Financing Receivable - Nonaccrual | 233,121 | 252,427 | |
Financing Receivable - Current | 273,340 | 299,416 | |
Commercial Real Estate Investor Income Producing [Member] | Purchased Credit Impaired Loans [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - PCI Loans | 64,087 | 85,959 | |
Commercial Real Estate Investor Income Producing [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - 30-59 Days Past Due | 15 | 224 | |
Financing Receivable - 60-89 Days Past Due | 41 | 27 | |
Financing Receivable - Past Due 90 Days or More | 180 | 366 | |
Financing Receivable - Nonaccrual | 307,580 | 285,381 | |
Financing Receivable - Current | 371,903 | 371,957 | |
Acquisition, Construction, and Development Portfolio [Member] | Purchased Credit Impaired Loans [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - PCI Loans | 29,165 | 39,541 | |
Acquisition, Construction, and Development Portfolio [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - 30-59 Days Past Due | 0 | 0 | |
Financing Receivable - 60-89 Days Past Due | 0 | 699 | |
Financing Receivable - Past Due 90 Days or More | 542 | 1,428 | |
Financing Receivable - Nonaccrual | 113,077 | 98,993 | |
Financing Receivable - Current | 142,784 | 140,661 | |
Other Commercial [Member] | Purchased Credit Impaired Loans [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - PCI Loans | 142 | 742 | |
Other Commercial [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - 30-59 Days Past Due | 0 | 0 | |
Financing Receivable - 60-89 Days Past Due | 0 | 0 | |
Financing Receivable - Past Due 90 Days or More | 0 | 168 | |
Financing Receivable - Nonaccrual | 3,799 | 4,718 | |
Financing Receivable - Current | 3,941 | 5,628 | |
Total Commercial [Member] | Purchased Credit Impaired Loans [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - PCI Loans | 139,427 | 178,490 | |
Total Commercial [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - 30-59 Days Past Due | 355 | 1,588 | |
Financing Receivable - 60-89 Days Past Due | 262 | 2,712 | |
Financing Receivable - Past Due 90 Days or More | 1,433 | 2,305 | |
Financing Receivable - Nonaccrual | 782,014 | 751,699 | |
Financing Receivable - Current | 923,491 | 936,794 | |
Residential Mortgage Loans [Member] | Purchased Credit Impaired Loans [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - PCI Loans | 34,784 | 40,483 | |
Residential Mortgage Loans [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - 30-59 Days Past Due | 0 | 18 | |
Financing Receivable - 60-89 Days Past Due | 33 | 196 | |
Financing Receivable - Past Due 90 Days or More | 1,926 | 499 | |
Financing Receivable - Nonaccrual | 138,037 | 147,336 | |
Financing Receivable - Current | 174,780 | 188,532 | |
Home Equity Lines of Credit [Member] | Purchased Credit Impaired Loans [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - PCI Loans | 1,736 | 1,949 | |
Home Equity Lines of Credit [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - 30-59 Days Past Due | 311 | 590 | |
Financing Receivable - 60-89 Days Past Due | 263 | 0 | |
Financing Receivable - Past Due 90 Days or More | 2,143 | 1,094 | |
Financing Receivable - Nonaccrual | 142,031 | 159,992 | |
Financing Receivable - Current | 146,484 | 163,625 | |
Residential Construction [Member] | Purchased Credit Impaired Loans [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - PCI Loans | 7,459 | 11,265 | |
Residential Construction [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - 30-59 Days Past Due | 0 | 0 | |
Financing Receivable - 60-89 Days Past Due | 38 | 0 | |
Financing Receivable - Past Due 90 Days or More | 40 | 71 | |
Financing Receivable - Nonaccrual | 38,962 | 41,476 | |
Financing Receivable - Current | 46,499 | 52,812 | |
Other Loans to Individuals [Member] | Purchased Credit Impaired Loans [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - PCI Loans | 1,356 | 2,095 | |
Other Loans to Individuals [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - 30-59 Days Past Due | 20 | 36 | |
Financing Receivable - 60-89 Days Past Due | 2 | 4 | |
Financing Receivable - Past Due 90 Days or More | 2 | 0 | |
Financing Receivable - Nonaccrual | 23,345 | 13,418 | |
Financing Receivable - Current | 24,725 | 15,553 | |
Total Consumer Loans [Member] | Purchased Credit Impaired Loans [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - PCI Loans | 45,335 | 55,792 | |
Total Consumer Loans [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - 30-59 Days Past Due | 331 | 644 | |
Financing Receivable - 60-89 Days Past Due | 336 | 200 | |
Financing Receivable - Past Due 90 Days or More | 4,111 | 1,664 | |
Financing Receivable - Nonaccrual | 342,375 | 362,222 | |
Financing Receivable - Current | 392,488 | 420,522 | |
Total [Member] | Purchased Credit Impaired Loans [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - PCI Loans | 184,762 | 234,282 | |
Total [Member] | ' | ' | |
Commercial: | ' | ' | |
Financing Receivable - 30-59 Days Past Due | 686 | 2,232 | |
Financing Receivable - 60-89 Days Past Due | 598 | 2,912 | |
Financing Receivable - Past Due 90 Days or More | 5,544 | 3,969 | |
Financing Receivable - Nonaccrual | 1,124,389 | 1,113,921 | |
Financing Receivable - Current | $1,315,979 | $1,357,316 | |
[1] | Derived from audited financial statements. |
Note_5_Loans_and_Allowance_for9
Note 5 - Loans and Allowance for Loan Losses (Details) - Impaired Loans (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | $9,662 | ' | $9,662 | ' | $15,795 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 30,177 | ' | 30,177 | ' | 23,175 |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 8,963 | 12,333 | 11,688 | 14,440 | ' |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 186 | 20 | 343 | 64 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 7,587 | ' | 7,587 | ' | 1,947 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 7,740 | ' | 7,740 | ' | 2,187 |
Impaired Loans with an Allowance Recorded Related Allowance | 946 | ' | 946 | ' | 715 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 7,068 | 969 | 4,922 | 626 | ' |
Impaired Loans with an Allowance Recorded Interest Income Recognized | 49 | 7 | 142 | 22 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans Recorded Investment | 17,249 | ' | 17,249 | ' | 17,742 |
Impaired Loans Unpaid Principal Balance | 37,917 | ' | 37,917 | ' | 25,362 |
Impaired Loans Related Allowance | 946 | ' | 946 | ' | 715 |
Impaired Loans Average Recorded Investment | 16,031 | 13,302 | 16,610 | 15,066 | ' |
Impaired Loans Interest Income Recognized | 235 | 27 | 485 | 86 | ' |
Commercial and Industrial [Member] | ' | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | 226 | ' | 226 | ' | 377 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 2,125 | ' | 2,125 | ' | 1,170 |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 219 | 708 | 345 | 772 | ' |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 4 | 0 | 4 | 0 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 100 | ' | 100 | ' | 230 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 110 | ' | 110 | ' | 230 |
Impaired Loans with an Allowance Recorded Related Allowance | 16 | ' | 16 | ' | 115 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 437 | 230 | 516 | 88 | ' |
Impaired Loans with an Allowance Recorded Interest Income Recognized | 0 | 0 | 1 | 0 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans Recorded Investment | 326 | ' | 326 | ' | 607 |
Impaired Loans Unpaid Principal Balance | 2,235 | ' | 2,235 | ' | 1,400 |
Impaired Loans Related Allowance | 16 | ' | 16 | ' | 115 |
Impaired Loans Average Recorded Investment | 656 | 938 | 861 | 860 | ' |
Impaired Loans Interest Income Recognized | 4 | 0 | 5 | 0 | ' |
Commercial Real Estate Owner Occupied [Member] | ' | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | 2,117 | ' | 2,117 | ' | 2,337 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 3,426 | ' | 3,426 | ' | 2,675 |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 2,033 | 366 | 1,903 | 368 | ' |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 93 | 5 | 93 | 17 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 149 | ' | 149 | ' | 0 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 164 | ' | 164 | ' | 0 |
Impaired Loans with an Allowance Recorded Related Allowance | 24 | ' | 24 | ' | 0 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 74 | 0 | 30 | 0 | ' |
Impaired Loans with an Allowance Recorded Interest Income Recognized | 0 | 0 | 0 | 0 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans Recorded Investment | 2,266 | ' | 2,266 | ' | 2,337 |
Impaired Loans Unpaid Principal Balance | 3,590 | ' | 3,590 | ' | 2,675 |
Impaired Loans Related Allowance | 24 | ' | 24 | ' | 0 |
Impaired Loans Average Recorded Investment | 2,107 | 366 | 1,933 | 368 | ' |
Impaired Loans Interest Income Recognized | 93 | 5 | 93 | 17 | ' |
Commercial Real Estate Investor Income Producing [Member] | ' | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | 180 | ' | 180 | ' | 4,243 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 5,245 | ' | 5,245 | ' | 4,424 |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 180 | 2,851 | 1,816 | 2,536 | ' |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 0 | 0 | 0 | 0 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 3,670 | ' | 3,670 | ' | 0 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 3,674 | ' | 3,674 | ' | 0 |
Impaired Loans with an Allowance Recorded Related Allowance | 202 | ' | 202 | ' | 0 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 3,675 | 0 | 2,192 | 0 | ' |
Impaired Loans with an Allowance Recorded Interest Income Recognized | 37 | 0 | 112 | 0 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans Recorded Investment | 3,850 | ' | 3,850 | ' | 4,243 |
Impaired Loans Unpaid Principal Balance | 8,919 | ' | 8,919 | ' | 4,424 |
Impaired Loans Related Allowance | 202 | ' | 202 | ' | 0 |
Impaired Loans Average Recorded Investment | 3,855 | 2,851 | 4,008 | 2,536 | ' |
Impaired Loans Interest Income Recognized | 37 | 0 | 112 | 0 | ' |
Acquisition, Construction, and Development Portfolio [Member] | ' | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | 2,275 | ' | 2,275 | ' | 4,855 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 9,775 | ' | 9,775 | ' | 9,306 |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 2,300 | 6,775 | 3,982 | 8,884 | ' |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 58 | 14 | 181 | 44 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 0 | ' | 0 | ' | 0 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 0 | ' | 0 | ' | 0 |
Impaired Loans with an Allowance Recorded Related Allowance | 0 | ' | 0 | ' | 0 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 125 | 0 | 50 | 0 | ' |
Impaired Loans with an Allowance Recorded Interest Income Recognized | 0 | 0 | 0 | 0 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans Recorded Investment | 2,275 | ' | 2,275 | ' | 4,855 |
Impaired Loans Unpaid Principal Balance | 9,775 | ' | 9,775 | ' | 9,306 |
Impaired Loans Related Allowance | 0 | ' | 0 | ' | 0 |
Impaired Loans Average Recorded Investment | 2,425 | 6,775 | 4,032 | 8,884 | ' |
Impaired Loans Interest Income Recognized | 58 | 14 | 181 | 44 | ' |
Other Commercial [Member] | ' | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | 153 | ' | 153 | ' | 168 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 196 | ' | 196 | ' | 172 |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 154 | 160 | 160 | 102 | ' |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 0 | 0 | 0 | 0 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 0 | ' | 0 | ' | 0 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 0 | ' | 0 | ' | 0 |
Impaired Loans with an Allowance Recorded Related Allowance | 0 | ' | 0 | ' | 0 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 0 | 0 | 0 | 0 | ' |
Impaired Loans with an Allowance Recorded Interest Income Recognized | 0 | 0 | 0 | 0 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans Recorded Investment | 153 | ' | 153 | ' | 168 |
Impaired Loans Unpaid Principal Balance | 196 | ' | 196 | ' | 172 |
Impaired Loans Related Allowance | 0 | ' | 0 | ' | 0 |
Impaired Loans Average Recorded Investment | 154 | 160 | 160 | 102 | ' |
Impaired Loans Interest Income Recognized | 0 | 0 | 0 | 0 | ' |
Total Commercial [Member] | ' | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | 4,951 | ' | 4,951 | ' | 11,980 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 20,767 | ' | 20,767 | ' | 17,747 |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 4,886 | 10,860 | 8,206 | 12,662 | ' |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 155 | 19 | 278 | 61 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 3,919 | ' | 3,919 | ' | 230 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 3,948 | ' | 3,948 | ' | 230 |
Impaired Loans with an Allowance Recorded Related Allowance | 242 | ' | 242 | ' | 115 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 4,311 | 230 | 2,788 | 88 | ' |
Impaired Loans with an Allowance Recorded Interest Income Recognized | 37 | 0 | 113 | 0 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans Recorded Investment | 8,870 | ' | 8,870 | ' | 12,210 |
Impaired Loans Unpaid Principal Balance | 24,715 | ' | 24,715 | ' | 17,977 |
Impaired Loans Related Allowance | 242 | ' | 242 | ' | 115 |
Impaired Loans Average Recorded Investment | 9,197 | 11,090 | 10,994 | 12,750 | ' |
Impaired Loans Interest Income Recognized | 192 | 19 | 391 | 61 | ' |
Residential Mortgage Loans [Member] | ' | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | 3,616 | ' | 3,616 | ' | 2,252 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 4,384 | ' | 4,384 | ' | 2,363 |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 2,876 | 621 | 2,207 | 715 | ' |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 14 | 0 | 46 | 0 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 1,335 | ' | 1,335 | ' | 1,211 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 1,398 | ' | 1,398 | ' | 1,250 |
Impaired Loans with an Allowance Recorded Related Allowance | 182 | ' | 182 | ' | 249 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 1,283 | 424 | 1,241 | 221 | ' |
Impaired Loans with an Allowance Recorded Interest Income Recognized | 10 | 7 | 26 | 22 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans Recorded Investment | 4,951 | ' | 4,951 | ' | 3,463 |
Impaired Loans Unpaid Principal Balance | 5,782 | ' | 5,782 | ' | 3,613 |
Impaired Loans Related Allowance | 182 | ' | 182 | ' | 249 |
Impaired Loans Average Recorded Investment | 4,159 | 1,045 | 3,448 | 936 | ' |
Impaired Loans Interest Income Recognized | 24 | 7 | 72 | 22 | ' |
Home Equity Lines of Credit [Member] | ' | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | 1,035 | ' | 1,035 | ' | 1,419 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 3,481 | ' | 3,481 | ' | 2,439 |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 1,139 | 770 | 1,183 | 928 | ' |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 16 | 0 | 16 | 0 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 2,252 | ' | 2,252 | ' | 506 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 2,309 | ' | 2,309 | ' | 707 |
Impaired Loans with an Allowance Recorded Related Allowance | 509 | ' | 509 | ' | 351 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 1,431 | 315 | 876 | 317 | ' |
Impaired Loans with an Allowance Recorded Interest Income Recognized | 1 | 0 | 2 | 0 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans Recorded Investment | 3,287 | ' | 3,287 | ' | 1,925 |
Impaired Loans Unpaid Principal Balance | 5,790 | ' | 5,790 | ' | 3,146 |
Impaired Loans Related Allowance | 509 | ' | 509 | ' | 351 |
Impaired Loans Average Recorded Investment | 2,570 | 1,085 | 2,059 | 1,245 | ' |
Impaired Loans Interest Income Recognized | 17 | 0 | 18 | 0 | ' |
Residential Construction [Member] | ' | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | 0 | ' | 0 | ' | 71 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 1,441 | ' | 1,441 | ' | 551 |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 0 | 76 | 24 | 128 | ' |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 0 | 0 | 0 | 0 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 79 | ' | 79 | ' | 0 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 81 | ' | 81 | ' | 0 |
Impaired Loans with an Allowance Recorded Related Allowance | 13 | ' | 13 | ' | 0 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 40 | 0 | 16 | 0 | ' |
Impaired Loans with an Allowance Recorded Interest Income Recognized | 1 | 0 | 1 | 0 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans Recorded Investment | 79 | ' | 79 | ' | 71 |
Impaired Loans Unpaid Principal Balance | 1,522 | ' | 1,522 | ' | 551 |
Impaired Loans Related Allowance | 13 | ' | 13 | ' | 0 |
Impaired Loans Average Recorded Investment | 40 | 76 | 40 | 128 | ' |
Impaired Loans Interest Income Recognized | 1 | 0 | 1 | 0 | ' |
Other Loans to Individuals [Member] | ' | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | 60 | ' | 60 | ' | 73 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 104 | ' | 104 | ' | 75 |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 62 | 6 | 68 | 7 | ' |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 1 | 1 | 3 | 3 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 2 | ' | 2 | ' | 0 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 4 | ' | 4 | ' | 0 |
Impaired Loans with an Allowance Recorded Related Allowance | 0 | ' | 0 | ' | 0 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 3 | 0 | 1 | 0 | ' |
Impaired Loans with an Allowance Recorded Interest Income Recognized | 0 | 0 | 0 | 0 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans Recorded Investment | 62 | ' | 62 | ' | 73 |
Impaired Loans Unpaid Principal Balance | 108 | ' | 108 | ' | 75 |
Impaired Loans Related Allowance | 0 | ' | 0 | ' | 0 |
Impaired Loans Average Recorded Investment | 65 | 6 | 69 | 7 | ' |
Impaired Loans Interest Income Recognized | 1 | 1 | 3 | 3 | ' |
Total Consumer Loans [Member] | ' | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | 4,711 | ' | 4,711 | ' | 3,815 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 9,410 | ' | 9,410 | ' | 5,428 |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 4,077 | 1,473 | 3,482 | 1,778 | ' |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 31 | 1 | 65 | 3 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 3,668 | ' | 3,668 | ' | 1,717 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 3,792 | ' | 3,792 | ' | 1,957 |
Impaired Loans with an Allowance Recorded Related Allowance | 704 | ' | 704 | ' | 600 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 2,757 | 739 | 2,134 | 538 | ' |
Impaired Loans with an Allowance Recorded Interest Income Recognized | 12 | 7 | 29 | 22 | ' |
Commercial: | ' | ' | ' | ' | ' |
Impaired Loans Recorded Investment | 8,379 | ' | 8,379 | ' | 5,532 |
Impaired Loans Unpaid Principal Balance | 13,202 | ' | 13,202 | ' | 7,385 |
Impaired Loans Related Allowance | 704 | ' | 704 | ' | 600 |
Impaired Loans Average Recorded Investment | 6,834 | 2,212 | 5,616 | 2,316 | ' |
Impaired Loans Interest Income Recognized | $43 | $8 | $94 | $25 | ' |
Recovered_Sheet1
Note 5 - Loans and Allowance for Loan Losses (Details) - Nonaccrual and Past Due Loans (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Commercial: | ' | ' |
Nonaccrual loans | $6,778 | $10,374 |
Commercial and Industrial [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | 256 | 607 |
Commercial Real Estate Owner Occupied [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | 539 | 1,996 |
Commercial Real Estate Investor Income Producing [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | 213 | 633 |
Acquisition, Construction, and Development Portfolio [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | 542 | 3,872 |
Other Commercial [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | 153 | 168 |
Total Commercial [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | 1,703 | 7,276 |
Residential Mortgage Loans [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | 2,456 | 1,096 |
Home Equity Lines of Credit [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | 2,576 | 1,925 |
Residential Construction [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | 40 | 71 |
Other Loans to Individuals [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | 3 | 6 |
Total Consumer Loans [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | $5,075 | $3,098 |
Recovered_Sheet2
Note 5 - Loans and Allowance for Loan Losses (Details) - Fair Value of PCI Loan Portfolio Acquired from Citizens South (USD $) | Sep. 30, 2012 | Oct. 31, 2011 |
In Thousands, unless otherwise specified | Citizens South Banking Corporation [Member] | Community Capital [Member] |
Note 5 - Loans and Allowance for Loan Losses (Details) - Fair Value of PCI Loan Portfolio Acquired from Citizens South [Line Items] | ' | ' |
Contractual principal and interest at acquisition | $294,283 | $146,843 |
Nonaccretable difference | -47,941 | -61,145 |
Expected cash flows at acquisition | 246,342 | 85,698 |
Accretable yield | -37,724 | -14,424 |
Basis in PCI loans at acquisition - estimated fair value | $208,618 | $71,274 |
Recovered_Sheet3
Note 5 - Loans and Allowance for Loan Losses (Details) - Changes in the Accretable Yield for PCI Loans (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Changes in the Accretable Yield for PCI Loans [Abstract] | ' | ' |
Accretable yield, beginning of period | $42,734 | $14,264 |
Addition from the Community Capital acquisition | 0 | 218 |
Interest income | -11,201 | -3,540 |
Reclassification of nonaccretable difference due to improvement in expected cash flows | 7,445 | 9,374 |
Other changes, net | 725 | -1,893 |
Accretable yield, end of period | $39,703 | $18,423 |
Recovered_Sheet4
Note 5 - Loans and Allowance for Loan Losses (Details) - Additional Information Regarding Troubled Debt Restructurings for Current Year (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Note 5 - Loans and Allowance for Loan Losses (Details) - Additional Information Regarding Troubled Debt Restructurings for Current Year [Line Items] | ' | ' | ' | ' |
Number of loans | 0 | ' | 2 | ' |
Pre-modification outstanding recorded investment | $0 | ' | $1,005 | ' |
Post-modification outstanding recorded investment | 0 | ' | 1,005 | ' |
Residential Mortgage Loans [Member] | ' | ' | ' | ' |
Note 5 - Loans and Allowance for Loan Losses (Details) - Additional Information Regarding Troubled Debt Restructurings for Current Year [Line Items] | ' | ' | ' | ' |
Number of loans | 0 | ' | 1 | ' |
Pre-modification outstanding recorded investment | 0 | ' | 43 | ' |
Post-modification outstanding recorded investment | 0 | ' | 43 | ' |
Total Below Market Interest Rate [Member] | ' | ' | ' | ' |
Note 5 - Loans and Allowance for Loan Losses (Details) - Additional Information Regarding Troubled Debt Restructurings for Current Year [Line Items] | ' | ' | ' | ' |
Number of loans | 0 | 1 | 1 | 1 |
Pre-modification outstanding recorded investment | 0 | 3,610 | 43 | 3,610 |
Post-modification outstanding recorded investment | 0 | 3,610 | 43 | 3,610 |
Acquisition, Construction, and Development Portfolio [Member] | ' | ' | ' | ' |
Note 5 - Loans and Allowance for Loan Losses (Details) - Additional Information Regarding Troubled Debt Restructurings for Current Year [Line Items] | ' | ' | ' | ' |
Number of loans | 0 | ' | 1 | ' |
Pre-modification outstanding recorded investment | 0 | ' | 962 | ' |
Post-modification outstanding recorded investment | 0 | ' | 962 | ' |
Total Extended Payment Terms [Member] | ' | ' | ' | ' |
Note 5 - Loans and Allowance for Loan Losses (Details) - Additional Information Regarding Troubled Debt Restructurings for Current Year [Line Items] | ' | ' | ' | ' |
Number of loans | 0 | ' | 1 | ' |
Pre-modification outstanding recorded investment | 0 | ' | 962 | ' |
Post-modification outstanding recorded investment | $0 | ' | $962 | ' |
Recovered_Sheet5
Note 5 - Loans and Allowance for Loan Losses (Details) - Additional Information Regarding Troubled Debt Restructurings for Previous Year (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Note 5 - Loans and Allowance for Loan Losses (Details) - Additional Information Regarding Troubled Debt Restructurings for Previous Year [Line Items] | ' | ' | ' | ' |
Number of loans | 0 | ' | 2 | ' |
Pre-Modification Outstanding Recorded Investment | $0 | ' | $1,005 | ' |
Post-Modification Outstanding Recorded Investment | 0 | ' | 1,005 | ' |
Commercial Real Estate Investor Income Producing [Member] | ' | ' | ' | ' |
Note 5 - Loans and Allowance for Loan Losses (Details) - Additional Information Regarding Troubled Debt Restructurings for Previous Year [Line Items] | ' | ' | ' | ' |
Number of loans | ' | 1 | ' | 1 |
Pre-Modification Outstanding Recorded Investment | ' | 3,610 | ' | 3,610 |
Post-Modification Outstanding Recorded Investment | ' | 3,610 | ' | 3,610 |
Total Below Market Interest Rate [Member] | ' | ' | ' | ' |
Note 5 - Loans and Allowance for Loan Losses (Details) - Additional Information Regarding Troubled Debt Restructurings for Previous Year [Line Items] | ' | ' | ' | ' |
Number of loans | 0 | 1 | 1 | 1 |
Pre-Modification Outstanding Recorded Investment | 0 | 3,610 | 43 | 3,610 |
Post-Modification Outstanding Recorded Investment | $0 | $3,610 | $43 | $3,610 |
Recovered_Sheet6
Note 5 - Loans and Allowance for Loan Losses (Details) - Loans Modified as TDRs with Subsequent Default (USD $) | 3 Months Ended | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2012 |
Residential Mortgage Loans [Member] | ' | ' |
Below market interest rate | ' | ' |
Financing Receivable Modifications, Subsequent Default, Numbe of Loans | 0 | 1 |
Financing Receivable Modifications, Subsequent Default, Recorded Investment (in Dollars) | $0 | $323 |
Below Market Interest Rate [Member] | ' | ' |
Below market interest rate | ' | ' |
Financing Receivable Modifications, Subsequent Default, Numbe of Loans | 0 | 1 |
Financing Receivable Modifications, Subsequent Default, Recorded Investment (in Dollars) | $0 | $323 |
Recovered_Sheet7
Note 5 - Loans and Allowance for Loan Losses (Details) - Troubled Debt Restructurings Outcomes (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Below Market Interest Rate [Member] | Below Market Interest Rate [Member] | Below Market Interest Rate [Member] | Below Market Interest Rate [Member] | Below Market Interest Rate [Member] | Below Market Interest Rate [Member] | Below Market Interest Rate [Member] | Below Market Interest Rate [Member] | Extended Payment Terms [Member] | Extended Payment Terms [Member] | Extended Payment Terms [Member] | Extended Payment Terms [Member] | Extended Payment Terms [Member] | Extended Payment Terms [Member] | Extended Payment Terms [Member] | Extended Payment Terms [Member] | Total [Member] | Total [Member] | Total [Member] | Total [Member] | Total [Member] | Total [Member] | Total [Member] | Total [Member] | ||||
Paid in Full [Member] | Paid in Full [Member] | Paying as Restructured [Member] | Paying as Restructured [Member] | Nonaccrual [Member] | Nonaccrual [Member] | Foreclosure/Default [Member] | Foreclosure/Default [Member] | Paid in Full [Member] | Paid in Full [Member] | Paying as Restructured [Member] | Paying as Restructured [Member] | Nonaccrual [Member] | Nonaccrual [Member] | Foreclosure/Default [Member] | Foreclosure/Default [Member] | Paid in Full [Member] | Paid in Full [Member] | Paying as Restructured [Member] | Paying as Restructured [Member] | Nonaccrual [Member] | Nonaccrual [Member] | Foreclosure/Default [Member] | Foreclosure/Default [Member] | ||||
Note 5 - Loans and Allowance for Loan Losses (Details) - Troubled Debt Restructurings Outcomes [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Troubled Debt Restructurings - Number of loans | 0 | 2 | ' | 2 | 0 | 1 | 1 | 0 | 1 | 0 | 0 | 1 | 0 | 1 | 2 | 0 | 2 | 0 | 0 | 3 | 0 | 2 | 3 | 0 | 3 | 0 | 0 |
Troubled Debt Restructurings - Recorded Investment (in Dollars) | $7,600 | $7,600 | $10,200 | $164 | $0 | $42 | $3,592 | $0 | $322 | $0 | $0 | $329 | $0 | $109 | $415 | $0 | $426 | $0 | $0 | $493 | $0 | $151 | $4,007 | $0 | $748 | $0 | $0 |
Recovered_Sheet8
Note 5 - Loans and Allowance for Loan Losses (Details) - Related Party Loans (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Related Party Loans [Abstract] | ' | ' |
Beginning balance | $4,184 | $3,998 |
Disbursements | 12,830 | 710 |
Repayments | -1,928 | -429 |
Ending balance | $15,086 | $4,279 |
Note_6_FDIC_For_Loss_Share_Agr2
Note 6 - FDIC For Loss Share Agreements (Details) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | |
Note 6 - FDIC For Loss Share Agreements (Details) [Line Items] | ' | ' | ' | ' | ' | ' | |
Loans and Leases Receivable, Gross, Carrying Amount, Covered | $76,035,000 | ' | $101,753,000 | [1] | ' | ' | ' |
Other Real Estate, Covered | 6,173,000 | 6,542,000 | 6,646,000 | [1] | 0 | 0 | 0 |
FDIC Indemnification asset - carrying amount | 13,959,000 | ' | 18,697,000 | [1] | ' | ' | ' |
FDIC Indemnification Asset True Up Amount | 4,900,000 | ' | 4,900,000 | ' | ' | ' | |
Citizens South Banking Corporation [Member] | Covered Real Estate [Member] | ' | ' | ' | ' | ' | ' | |
Note 6 - FDIC For Loss Share Agreements (Details) [Line Items] | ' | ' | ' | ' | ' | ' | |
Other Real Estate, Covered | 6,200,000 | ' | ' | ' | ' | ' | |
Citizens South Banking Corporation [Member] | ' | ' | ' | ' | ' | ' | |
Note 6 - FDIC For Loss Share Agreements (Details) [Line Items] | ' | ' | ' | ' | ' | ' | |
Loans and Leases Receivable, Gross, Carrying Amount, Covered | 76,000,000 | ' | ' | ' | ' | ' | |
Other Real Estate, Covered | ' | ' | 6,200,000 | ' | ' | ' | |
FDIC Indemnification asset - carrying amount | 5,900,000 | ' | ' | ' | ' | ' | |
Bank of Hiawassee Acquired Through Citizens South [Member] | ' | ' | ' | ' | ' | ' | |
Note 6 - FDIC For Loss Share Agreements (Details) [Line Items] | ' | ' | ' | ' | ' | ' | |
FDIC Indemnification asset - carrying amount | 8,100,000 | ' | ' | ' | ' | ' | |
Maximum Amount Covered By FDIC | 102,000,000 | ' | ' | ' | ' | ' | |
Covered Assets [Member] | ' | ' | ' | ' | ' | ' | |
Note 6 - FDIC For Loss Share Agreements (Details) [Line Items] | ' | ' | ' | ' | ' | ' | |
Loss Contingency, Estimate of Possible Loss | $12,700,000 | ' | $19,600,000 | ' | ' | ' | |
[1] | Derived from audited financial statements. |
Note_6_FDIC_For_Loss_Share_Agr3
Note 6 - FDIC For Loss Share Agreements (Details) - Receivable from the FDIC (USD $) | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | |
Note 6 - FDIC For Loss Share Agreements (Details) - Receivable from the FDIC [Line Items] | ' | ' | |
Balance, beginning of period | $18,697 | [1] | ' |
Balance, end of period | 13,959 | ' | |
Reimbursable expenses (income) | 321 | ' | |
Amortization discounts and premiums, net | -209 | 0 | |
Reimbursements from the FDIC | -6,104 | 0 | |
Other changes, net | 519 | ' | |
Estimated Loss on Loans [Member] | ' | ' | |
Note 6 - FDIC For Loss Share Agreements (Details) - Receivable from the FDIC [Line Items] | ' | ' | |
Additional Estimated Loss | 297 | ' | |
Estimated Loss on OREO [Member] | ' | ' | |
Note 6 - FDIC For Loss Share Agreements (Details) - Receivable from the FDIC [Line Items] | ' | ' | |
Additional Estimated Loss | $438 | ' | |
[1] | Derived from audited financial statements. |
Note_7_Other_Real_Estate_Owned2
Note 7 - Other Real Estate Owned (Details) (USD $) | 12 Months Ended | ||||||
Dec. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | ||
Note 7 - Other Real Estate Owned (Details) [Line Items] | ' | ' | ' | ' | ' | ' | |
Other Real Estate, Foreclosed Assets, and Repossessed Assets | $25,100,000 | $14,900,000 | ' | ' | ' | ' | |
Other Real Estate Acquired in Merger | 16,100,000 | ' | ' | ' | ' | ' | |
Other Real Estate, Covered | 6,646,000 | [1] | 6,173,000 | 6,542,000 | 0 | 0 | 0 |
Citizens South Banking Corporation [Member] | ' | ' | ' | ' | ' | ' | |
Note 7 - Other Real Estate Owned (Details) [Line Items] | ' | ' | ' | ' | ' | ' | |
Other Real Estate, Covered | $6,200,000 | ' | ' | ' | ' | ' | |
[1] | Derived from audited financial statements. |
Note_7_Other_Real_Estate_Owned3
Note 7 - Other Real Estate Owned (Details) - Other Real Estate Owned (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Other Real Estate Owned [Abstract] | ' | ' | ' | ' | |
Beginning balance | $9,741 | $14,744 | $18,427 | [1] | $14,403 |
Additions | 772 | 1,286 | 1,735 | 7,464 | |
Sales | -1,667 | -2,247 | -11,009 | -7,043 | |
Writedowns | -138 | -755 | -445 | -1,796 | |
Ending balance | 8,708 | 13,028 | 8,708 | 13,028 | |
Beginning balance | 6,542 | 0 | 6,646 | [1] | 0 |
Additions | 1,887 | 0 | 5,203 | 0 | |
Sales | -2,255 | 0 | -4,969 | 0 | |
Writedowns | -1 | 0 | -707 | 0 | |
Ending balance | $6,173 | $0 | $6,173 | $0 | |
[1] | Derived from audited financial statements. |
Note_8_Income_Taxes_Details
Note 8 - Income Taxes (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | 36 Months Ended | ||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2011 | Sep. 30, 2013 | Jun. 30, 2010 | Dec. 31, 2008 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | ||
Construction and Development [Member] | Construction and Development [Member] | Construction and Development [Member] | PCI Loans [Member] | Quantitative Reserves [Member] | Qualitative Reserves [Member] | |||||||||
Note 8 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Deferred Tax Assets, Net | $38,500,000 | ' | $38,500,000 | ' | $41,000,000 | $38,500,000 | ' | ' | ' | ' | ' | ' | ' | |
Operating Loss Carryforwards | 2,000,000 | ' | 2,000,000 | ' | 19,600,000 | 2,000,000 | 25,400,000 | ' | ' | ' | ' | ' | ' | |
Provision for Loan Losses Expensed | -419,000 | 7,000 | -35,000 | 1,029,000 | ' | 20,000,000 | ' | ' | ' | ' | ' | ' | ' | |
Financing Receivable, Net | ' | ' | ' | ' | ' | ' | ' | 189,300,000 | 124,000,000 | 159,000,000 | ' | ' | ' | |
Deferred Tax Assets, Operating Loss Carryforwards, Domestic | 13,700,000 | ' | 13,700,000 | ' | 14,400,000 | 13,700,000 | ' | ' | ' | ' | ' | ' | ' | |
Impaired Financing Receivable, Recorded Investment | 17,249,000 | ' | 17,249,000 | ' | 17,742,000 | 17,249,000 | ' | ' | ' | ' | 32,000,000 | ' | ' | |
Loans and Leases Receivable, Allowance | 8,652,000 | ' | 8,652,000 | ' | 10,591,000 | [1] | 8,652,000 | ' | ' | ' | ' | 2,900,000 | ' | ' |
Impaired Financing Receivable, Related Allowance | 946,000 | ' | 946,000 | ' | 715,000 | 946,000 | ' | ' | ' | ' | 6,000 | 7,300,000 | 380,000 | |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | $13,700,000 | ' | $13,700,000 | ' | $14,400,000 | $13,700,000 | ' | ' | ' | ' | ' | ' | ' | |
Operating Loss Carryforwards, Expiration Date | ' | ' | 20-Dec-08 | ' | 18-Dec-08 | ' | ' | ' | ' | ' | ' | ' | ' | |
[1] | Derived from audited financial statements. |
Note_9_Per_Share_Results_Detai
Note 9 - Per Share Results (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Employee Stock Option [Member] | ' | ' | ' | ' |
Note 9 - Per Share Results (Details) [Line Items] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 2,664,625 | 2,155,189 | 2,678,958 | 2,156,689 |
Restricted Stock [Member] | ' | ' | ' | ' |
Note 9 - Per Share Results (Details) [Line Items] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 554,400 | 631,260 | 554,400 | 568,260 |
Restricted Stock [Member] | First Market Performance Condition [Member] | ' | ' | ' | ' |
Note 9 - Per Share Results (Details) [Line Items] | ' | ' | ' | ' |
Share Price (in Dollars per share) | 8.125 | ' | 8.125 | ' |
Restricted Stock [Member] | Second Market Performance Conditions [Member] | ' | ' | ' | ' |
Note 9 - Per Share Results (Details) [Line Items] | ' | ' | ' | ' |
Share Price (in Dollars per share) | 9.1 | ' | 9.1 | ' |
Restricted Stock [Member] | Third Market Performance Condition [Member] | ' | ' | ' | ' |
Note 9 - Per Share Results (Details) [Line Items] | ' | ' | ' | ' |
Share Price (in Dollars per share) | 10.4 | ' | 10.4 | ' |
Note_9_Per_Share_Results_Detai1
Note 9 - Per Share Results (Details) - Shares Used in Computation of Earnings per Common Share | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Shares Used in Computation of Earnings per Common Share [Abstract] | ' | ' | ' | ' |
Weighted-average number of common shares outstanding | 44,170,964 | 32,138,367 | 44,098,417 | 32,111,466 |
Effect of dilutive stock options and restricted shares | 102,857 | 187 | 74,052 | 61 |
Weighted-average number of common shares and dilutive potential common shares outstanding | 44,273,821 | 32,138,554 | 44,172,469 | 32,111,527 |
Note_10_Preferred_Stock_Detail
Note 10 - Preferred Stock (Details) | Sep. 30, 2013 | Dec. 31, 2012 | Oct. 02, 2012 | Sep. 30, 2013 | |
Series C Preferred Stock [Member] | |||||
Note 10 - Preferred Stock (Details) [Line Items] | ' | ' | ' | ' | |
Preferred Stock, Shares Issued | 0 | 20,500 | [1] | 20,500 | ' |
Stock Redeemed or Called During Period, Shares | ' | ' | ' | 20,500 | |
[1] | Derived from audited financial statements. |
Note_11_Commitments_and_Contin1
Note 11 - Commitments and Contingencies (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Undisbursed Lines of Credit [Member] | ' | ' |
Note 11 - Commitments and Contingencies (Details) [Line Items] | ' | ' |
Other Commitment | $264.90 | $251.90 |
Standby Letter of Credit Member [Member] | ' | ' |
Note 11 - Commitments and Contingencies (Details) [Line Items] | ' | ' |
Other Commitment | 3.8 | 3.9 |
Commercial Letters of Credit [Member] | ' | ' |
Note 11 - Commitments and Contingencies (Details) [Line Items] | ' | ' |
Other Commitment | $4.20 | $5.60 |
Note_12_Derivative_Financial_I2
Note 12 - Derivative Financial Instruments and Hedging Activities (Details) (USD $) | 3 Months Ended | 9 Months Ended | 27 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Dec. 31, 2012 | |
Note 12 - Derivative Financial Instruments and Hedging Activities (Details) [Line Items] | ' | ' | ' | ' | ' |
Derivative, Number of Instruments Held | 2 | 2 | ' | ' | ' |
Loan Swaps [Member] | ' | ' | ' | ' | ' |
Note 12 - Derivative Financial Instruments and Hedging Activities (Details) [Line Items] | ' | ' | ' | ' | ' |
Derivative Asset, Notional Amount (in Dollars) | $6,200,000 | $6,200,000 | ' | ' | ' |
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | -300,000 | -300,000 | ' | ' | -500,000 |
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net | $35,000 | $200,000 | $300,000 | $100,000 | ' |
Note_12_Derivative_Financial_I3
Note 12 - Derivative Financial Instruments and Hedging Activities (Details) - Individual Loan Swap Information (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 |
Original Amount [Member] | 5.5% Due 10/15/15 [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 2,555 |
Original Amount [Member] | 5.25% Due 4/27/17 [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 3,595 |
Original Amount [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 6,150 |
Current Amount [Member] | 5.5% Due 10/15/15 [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 2,423 |
Current Amount [Member] | 5.25% Due 4/27/17 [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 3,260 |
Current Amount [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 5,683 |
5.5% Due 10/15/15 [Member] | ' |
Derivative [Line Items] | ' |
Termination Date | 31-Dec-08 |
Fixed Rate | 5.50% |
Floating Rate Payer Spread | 2.88% |
5.25% Due 4/27/17 [Member] | ' |
Derivative [Line Items] | ' |
Termination Date | 31-Dec-08 |
Fixed Rate | 5.25% |
Floating Rate Payer Spread | 2.73% |
Note_13_Fair_Value_Measurement2
Note 13 - Fair Value Measurements (Details) (USD $) | 3 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | ||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2013 | |
Before Impairment [Member] | Before Impairment [Member] | Before Impairment [Member] | Before Impairment [Member] | OREO Impaired during Three Months Period [Member] | OREO Impaired during Three Months Period [Member] | OREO Impaired during Nine Months Period [Member] | OREO Impaired during Nine Months Period [Member] | Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | Maximum [Member] | ||||||
OREO Impaired during Three Months Period [Member] | OREO Impaired during Three Months Period [Member] | OREO Impaired during Nine Months Period [Member] | OREO Impaired during Nine Months Period [Member] | |||||||||||||||||||
Note 13 - Fair Value Measurements (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Inputs, Discount Rate | ' | ' | 10.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8.00% | ' | ' | ' | ' | ' | ' | 0.00% | 100.00% |
Available-for-sale Securities | $328,396,000 | ' | $328,396,000 | ' | $245,571,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $410,000 | $409,000 | $415,000 | $412,000 | $408,000 | $405,000 | ' | ' |
Real Estate Acquired Through Foreclosure | ' | ' | ' | ' | ' | 700,000 | 2,500,000 | 7,300,000 | 8,600,000 | 600,000 | 1,700,000 | 6,100,000 | 6,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment of Real Estate | $100,000 | $800,000 | $1,152,000 | $1,797,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_13_Fair_Value_Measurement3
Note 13 - Fair Value Measurements (Details) - Financial Instruments Carrying Amounts and Estimated Fair Values (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 | |
In Thousands, unless otherwise specified | |||||
Financial assets: | ' | ' | ' | ' | |
Cash and cash equivalents - carrying amount | $52,697 | $184,142 | $106,536 | $28,541 | |
Investment securities - carrying amount | 355,032 | 245,571 | ' | ' | |
Nonmarketable equity securities - carrying amount | 6,805 | 7,422 | [1] | ' | ' |
Loans held for sale - carrying amount | 3,070 | 14,147 | [1] | ' | ' |
Loans, net of allowance - carrying amount | 1,307,690 | 1,346,116 | ' | ' | |
FDIC Indemnification asset - carrying amount | 13,959 | 18,697 | [1] | ' | ' |
FDIC Indemnification asset - fair value | 13,959 | 18,697 | [1] | ' | ' |
Accrued interest receivable - carrying amount | 4,006 | 3,821 | [1] | ' | ' |
Financial liabilities: | ' | ' | ' | ' | |
Deposits - carrying amount | 1,555,963 | 1,632,004 | [1] | ' | ' |
Swap fair value hedge - carrying amount | 290 | 453 | ' | ' | |
Swap fair value hedge - fair value | 290 | 453 | ' | ' | |
Borrowings - carrying amount | 99,634 | 101,716 | ' | ' | |
Contingent payable - carrying amount | 3,003 | 3,003 | ' | ' | |
Contingent payable - fair value | 3,003 | 3,003 | ' | ' | |
Accrued interest payable - carrying amount | 425 | 516 | [1] | ' | ' |
No Stated Maturity [Member] | Estimate of Fair Value Measurement [Member] | ' | ' | ' | ' | |
Financial liabilities: | ' | ' | ' | ' | |
Deposits - fair value | 991,322 | 1,002,258 | ' | ' | |
No Stated Maturity [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' | ' | |
Financial liabilities: | ' | ' | ' | ' | |
Deposits - fair value | 0 | 0 | ' | ' | |
No Stated Maturity [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ' | ' | |
Financial liabilities: | ' | ' | ' | ' | |
Deposits - fair value | 991,322 | 1,002,258 | ' | ' | |
No Stated Maturity [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' | |
Financial liabilities: | ' | ' | ' | ' | |
Deposits - fair value | 0 | 0 | ' | ' | |
No Stated Maturity [Member] | ' | ' | ' | ' | |
Financial liabilities: | ' | ' | ' | ' | |
Deposits - carrying amount | 991,322 | 1,002,258 | ' | ' | |
Stated Maturity [Member] | Estimate of Fair Value Measurement [Member] | ' | ' | ' | ' | |
Financial liabilities: | ' | ' | ' | ' | |
Deposits - fair value | 565,085 | 631,289 | ' | ' | |
Stated Maturity [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' | ' | ' | |
Financial liabilities: | ' | ' | ' | ' | |
Deposits - fair value | 0 | 0 | ' | ' | |
Stated Maturity [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ' | ' | |
Financial liabilities: | ' | ' | ' | ' | |
Deposits - fair value | 565,085 | 631,289 | ' | ' | |
Stated Maturity [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' | |
Financial liabilities: | ' | ' | ' | ' | |
Deposits - fair value | 0 | 0 | ' | ' | |
Stated Maturity [Member] | ' | ' | ' | ' | |
Financial liabilities: | ' | ' | ' | ' | |
Deposits - carrying amount | 564,641 | 629,746 | ' | ' | |
Estimate of Fair Value Measurement [Member] | ' | ' | ' | ' | |
Financial assets: | ' | ' | ' | ' | |
Cash and cash equivalents - fair value | 52,697 | 184,142 | ' | ' | |
Investment securities - fair value | 355,076 | 245,571 | ' | ' | |
Nonmarketable equity securities - fair value | 6,805 | 7,422 | ' | ' | |
Loans held for sale - fair value | 3,070 | 14,147 | ' | ' | |
Loans, net of allowance - fair value | 1,280,248 | 1,332,683 | ' | ' | |
FDIC Indemnification asset - carrying amount | 12,674 | 18,697 | ' | ' | |
FDIC Indemnification asset - fair value | 12,674 | 18,697 | ' | ' | |
Accrued interest receivable - fair value | 4,006 | 3,821 | ' | ' | |
Financial liabilities: | ' | ' | ' | ' | |
Swap fair value hedge - carrying amount | 290 | 453 | ' | ' | |
Swap fair value hedge - fair value | 290 | 453 | ' | ' | |
Borrowings - fair value | 99,453 | 101,307 | ' | ' | |
Contingent payable - carrying amount | 3,003 | 3,003 | ' | ' | |
Contingent payable - fair value | 3,003 | 3,003 | ' | ' | |
Accrued interest payable - fair value | 425 | 516 | ' | ' | |
Fair Value, Inputs, Level 1 [Member] | ' | ' | ' | ' | |
Financial assets: | ' | ' | ' | ' | |
Cash and cash equivalents - fair value | 52,697 | 184,142 | ' | ' | |
Investment securities - fair value | 1,839 | 0 | ' | ' | |
Nonmarketable equity securities - fair value | 0 | 0 | ' | ' | |
Loans held for sale - fair value | 0 | 0 | ' | ' | |
Loans, net of allowance - fair value | 0 | 0 | ' | ' | |
FDIC Indemnification asset - carrying amount | 0 | 0 | ' | ' | |
FDIC Indemnification asset - fair value | 0 | 0 | ' | ' | |
Accrued interest receivable - fair value | 0 | 0 | ' | ' | |
Financial liabilities: | ' | ' | ' | ' | |
Swap fair value hedge - carrying amount | 0 | 0 | ' | ' | |
Swap fair value hedge - fair value | 0 | 0 | ' | ' | |
Borrowings - fair value | 0 | 0 | ' | ' | |
Contingent payable - carrying amount | 0 | 0 | ' | ' | |
Contingent payable - fair value | 0 | 0 | ' | ' | |
Accrued interest payable - fair value | 0 | 0 | ' | ' | |
Fair Value, Inputs, Level 2 [Member] | ' | ' | ' | ' | |
Financial assets: | ' | ' | ' | ' | |
Cash and cash equivalents - fair value | 0 | 0 | ' | ' | |
Investment securities - fair value | 352,827 | 245,156 | ' | ' | |
Nonmarketable equity securities - fair value | 6,805 | 7,422 | ' | ' | |
Loans held for sale - fair value | 3,070 | 14,147 | ' | ' | |
Loans, net of allowance - fair value | 5,973 | 11,390 | ' | ' | |
FDIC Indemnification asset - carrying amount | 0 | 0 | ' | ' | |
FDIC Indemnification asset - fair value | 0 | 0 | ' | ' | |
Accrued interest receivable - fair value | 0 | 0 | ' | ' | |
Financial liabilities: | ' | ' | ' | ' | |
Swap fair value hedge - carrying amount | 290 | 453 | ' | ' | |
Swap fair value hedge - fair value | 290 | 453 | ' | ' | |
Borrowings - fair value | 99,453 | 101,307 | ' | ' | |
Contingent payable - carrying amount | 3,003 | 3,003 | ' | ' | |
Contingent payable - fair value | 3,003 | 3,003 | ' | ' | |
Accrued interest payable - fair value | 425 | 516 | ' | ' | |
Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' | |
Financial assets: | ' | ' | ' | ' | |
Cash and cash equivalents - fair value | 0 | 0 | ' | ' | |
Investment securities - fair value | 410 | 415 | ' | ' | |
Nonmarketable equity securities - fair value | 0 | 0 | ' | ' | |
Loans held for sale - fair value | 0 | 0 | ' | ' | |
Loans, net of allowance - fair value | 1,274,275 | 1,321,293 | ' | ' | |
FDIC Indemnification asset - carrying amount | 12,674 | 18,697 | ' | ' | |
FDIC Indemnification asset - fair value | 12,674 | 18,697 | ' | ' | |
Accrued interest receivable - fair value | 4,006 | 3,821 | ' | ' | |
Financial liabilities: | ' | ' | ' | ' | |
Swap fair value hedge - carrying amount | 0 | 0 | ' | ' | |
Swap fair value hedge - fair value | 0 | 0 | ' | ' | |
Borrowings - fair value | 0 | 0 | ' | ' | |
Contingent payable - carrying amount | 0 | 0 | ' | ' | |
Contingent payable - fair value | 0 | 0 | ' | ' | |
Accrued interest payable - fair value | $0 | $0 | ' | ' | |
[1] | Derived from audited financial statements. |
Note_13_Fair_Value_Measurement4
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Swap measured on a recurring basis | ($290) | ($453) |
Swap Fair Value Hedge [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Swap measured on a recurring basis | 0 | 0 |
Swap Fair Value Hedge [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Swap measured on a recurring basis | -290 | -453 |
Swap Fair Value Hedge [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Swap measured on a recurring basis | 0 | 0 |
Swap Fair Value Hedge [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Swap measured on a recurring basis | -290 | -453 |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 563 | 583 |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 563 | 583 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 16,614 | 17,986 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 16,614 | 17,986 |
Fair Value, Measurements, Recurring [Member] | Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 94,660 | 159,113 |
Fair Value, Measurements, Recurring [Member] | Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Residential Mortgage Backed Securities [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 94,660 | 159,113 |
Fair Value, Measurements, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 0 | ' |
Fair Value, Measurements, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 62,061 | ' |
Fair Value, Measurements, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 0 | ' |
Fair Value, Measurements, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 62,061 | ' |
Fair Value, Measurements, Recurring [Member] | All Other Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | All Other Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 152,249 | 67,474 |
Fair Value, Measurements, Recurring [Member] | All Other Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 410 | 415 |
Fair Value, Measurements, Recurring [Member] | All Other Debt Securities [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 152,659 | 67,889 |
Fair Value, Measurements, Recurring [Member] | All Other Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 1,839 | ' |
Fair Value, Measurements, Recurring [Member] | All Other Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 0 | ' |
Fair Value, Measurements, Recurring [Member] | All Other Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 0 | ' |
Fair Value, Measurements, Recurring [Member] | All Other Equity Securities [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 1,839 | ' |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Loans measured on a recurring basis | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Loans measured on a recurring basis | 5,973 | 11,390 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Loans measured on a recurring basis | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Loans measured on a recurring basis | 5,973 | 11,390 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 1,839 | 0 |
Loans measured on a recurring basis | 0 | 0 |
Swap measured on a recurring basis | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 352,827 | 245,156 |
Loans measured on a recurring basis | 5,973 | 11,390 |
Swap measured on a recurring basis | -290 | -453 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 410 | 415 |
Loans measured on a recurring basis | 1,274,275 | 1,321,293 |
Swap measured on a recurring basis | 0 | 0 |
Estimate of Fair Value Measurement [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 355,076 | 245,571 |
Loans measured on a recurring basis | 1,280,248 | 1,332,683 |
Swap measured on a recurring basis | ($290) | ($453) |
Note_13_Fair_Value_Measurement5
Note 13 - Fair Value Measurements (Details) - Level 3 Assets Reconciliation (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Corporate debt security: | ' | ' | ' | ' |
Balance, beginning of period | ' | ' | $245,571 | ' |
(Increase) decrease in unrealized loss | ' | ' | -7,216 | 1,230 |
Balance, end of period | 328,396 | ' | 328,396 | ' |
Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' |
Corporate debt security: | ' | ' | ' | ' |
Balance, beginning of period | 409 | 408 | 415 | 405 |
(Increase) decrease in unrealized loss | 1 | 4 | -5 | 7 |
Balance, end of period | $410 | $412 | $410 | $412 |
Note_13_Fair_Value_Measurement6
Note 13 - Fair Value Measurements (Details) - Fair Value on a Nonrecurring Basis (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Commercial and Industrial [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | $0 | $0 |
Commercial and Industrial [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 0 | 0 |
Commercial and Industrial [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 83 | 115 |
Commercial and Industrial [Member] | Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 83 | 115 |
Commercial Real Estate Owner Occupied [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 0 | ' |
Commercial Real Estate Owner Occupied [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 0 | ' |
Commercial Real Estate Owner Occupied [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 124 | ' |
Commercial Real Estate Owner Occupied [Member] | Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 124 | ' |
Commercial Real Estate Investor Income Producing [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 0 | ' |
Commercial Real Estate Investor Income Producing [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 0 | ' |
Commercial Real Estate Investor Income Producing [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 3,469 | ' |
Commercial Real Estate Investor Income Producing [Member] | Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 3,469 | ' |
Residential Mortgage Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 0 | 0 |
Residential Mortgage Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 0 | 0 |
Residential Mortgage Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 1,154 | 962 |
Residential Mortgage Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 1,154 | 962 |
Home Equity Lines of Credit [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 0 | 0 |
Home Equity Lines of Credit [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 0 | 0 |
Home Equity Lines of Credit [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 1,591 | 155 |
Home Equity Lines of Credit [Member] | Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 1,591 | 155 |
Residential Construction [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 0 | ' |
Residential Construction [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 0 | ' |
Residential Construction [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 65 | ' |
Residential Construction [Member] | Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 65 | ' |
Other Loans to Individuals [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 0 | ' |
Other Loans to Individuals [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 0 | ' |
Other Loans to Individuals [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 2 | ' |
Other Loans to Individuals [Member] | Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 2 | ' |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
OREO | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
OREO | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
OREO | 6,026 | 25,073 |
Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
OREO | 6,026 | 25,073 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
OREO | 0 | 0 |
Impaired loans: | ' | ' |
Impaired Loans | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
OREO | 6,805 | 7,422 |
Impaired loans: | ' | ' |
Impaired Loans | 5,973 | 11,390 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
OREO | 0 | 0 |
Impaired loans: | ' | ' |
Impaired Loans | 1,274,275 | 1,321,293 |
Estimate of Fair Value Measurement [Member] | ' | ' |
Note 13 - Fair Value Measurements (Details) - Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
OREO | 6,805 | 7,422 |
Impaired loans: | ' | ' |
Impaired Loans | $1,280,248 | $1,332,683 |
Note_13_Fair_Value_Measurement7
Note 13 - Fair Value Measurements (Details) - Valuation Methodology and Unobservable Inputs for Level 3 Assets (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair Value (in Dollars) | $12,514 |
Range of Inputs | 10.25% |
Real Estate [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 8.00% |
Minimum [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 0.00% |
Maximum [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 100.00% |
Appraisals [Member] | Real Estate [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair Value (in Dollars) | 6,026 |
Appraisals [Member] | Minimum [Member] | Real Estate [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 0.00% |
Appraisals [Member] | Maximum [Member] | Real Estate [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 55.00% |
Appraisals [Member] | Weighted Average [Member] | Real Estate [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 17.50% |
Discounted Cash Flows [Member] | Impaired Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair Value (in Dollars) | 5,257 |
Discounted Cash Flows [Member] | Minimum [Member] | Impaired Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 0.00% |
Discounted Cash Flows [Member] | Maximum [Member] | Impaired Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 50.00% |
Discounted Cash Flows [Member] | Weighted Average [Member] | Impaired Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 12.71% |
Probability of Default Model [Member] | Impaired Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair Value (in Dollars) | 1,038 |
Probability of Default Model [Member] | Minimum [Member] | Impaired Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 0.00% |
Probability of Default Model [Member] | Maximum [Member] | Impaired Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 100.00% |
Probability of Default Model [Member] | Weighted Average [Member] | Impaired Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 19.19% |
Collateral Based Measurements [Member] | Impaired Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair Value (in Dollars) | $193 |
Collateral Based Measurements [Member] | Minimum [Member] | Impaired Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 0.00% |
Collateral Based Measurements [Member] | Maximum [Member] | Impaired Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 60.00% |
Collateral Based Measurements [Member] | Weighted Average [Member] | Impaired Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 37.73% |
Note_14_Shareholders_Equity_De
Note 14 - Shareholders' Equity (Details) (USD $) | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2010 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |
Employee Stock Option [Member] | Employee Stock Option [Member] | Employee Stock Option [Member] | Employee Stock Option [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Park Sterling Corporation 2010 Long-Term Incentive Plan [Member] | Citizens South Banking Corporation 2008 Equity Incentive Plan [Member] | Citizen South Bank Corporation 1999 Stock Option Plan [Member] | Citizens South Bank Corporation 2003 Stock Option Plan [Member] | ||||
Note 14 - Shareholders' Equity (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '7 years | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 106,493 | 96,125 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 261,833 | 2,190 | 752,671 |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit (in Dollars per share) | $3.04 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit (in Dollars per share) | $15.45 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price (in Dollars per share) | $7.88 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price (in Dollars per share) | ' | ' | $13.23 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | ' | ' | ' | $100,000 | ' | $100,000 | ' | $1,100,000 | ' | $1,100,000 | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | ' | ' | ' | ' | ' | '131 days | ' | ' | ' | '1 year 32 days | ' | ' | ' | ' | ' |
Share-based Compensation | $1,468,000 | $1,499,000 | ' | $157,000 | $323,000 | $801,000 | $970,000 | $249,000 | $185,000 | $667,000 | $529,000 | ' | ' | ' | ' |
Note_14_Shareholders_Equity_De1
Note 14 - Shareholders' Equity (Details) - Activity in the Companybs Share-Based Plans (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Note 14 - Shareholders' Equity (Details) - Activity in the Companybs Share-Based Plans [Line Items] | ' |
At September 30, 2013 (in Dollars per share) | $7.88 |
Employee Stock Option [Member] | ' |
Note 14 - Shareholders' Equity (Details) - Activity in the Companybs Share-Based Plans [Line Items] | ' |
Exercisable at September 30, 2013 (in Dollars per share) | $7.97 |
Exercisable at September 30, 2013 | '4 years 142 days |
Exercisable at September 30, 2013 | 2,816,698 |
Employee Stock Option [Member] | Beginning Balance [Member] | ' |
Note 14 - Shareholders' Equity (Details) - Activity in the Companybs Share-Based Plans [Line Items] | ' |
At December 31, 2012 | 3,119,692 |
At December 31, 2012 (in Dollars per share) | $7.84 |
At December 31, 2012 | '5 years 98 days |
At December 31, 2012 (in Dollars) | $0 |
At September 30, 2013 | '5 years 98 days |
Exercised | -55,391 |
Exercised (in Dollars per share) | $5.10 |
Expired and forfeited | -116,264 |
Expired and forfeited (in Dollars per share) | $8.24 |
Employee Stock Option [Member] | Ending Balance [Member] | ' |
Note 14 - Shareholders' Equity (Details) - Activity in the Companybs Share-Based Plans [Line Items] | ' |
At December 31, 2012 | '4 years 193 days |
At September 30, 2013 | 2,948,037 |
At September 30, 2013 (in Dollars per share) | $7.88 |
At September 30, 2013 | '4 years 193 days |
At September 30, 2013 (in Dollars) | 337,538 |
Restricted Stock [Member] | Beginning Balance [Member] | ' |
Note 14 - Shareholders' Equity (Details) - Activity in the Companybs Share-Based Plans [Line Items] | ' |
At December 31, 2012 (in Dollars per share) | $4.01 |
At December 31, 2012 (in Dollars) | 3,379,940 |
At December 31, 2012 | 646,260 |
Restricted Shares Granted (in Dollars per share) | $5.61 |
Restricted Shares Granted (in Dollars) | 971,115 |
Restricted Shares Granted | 151,500 |
Restricted Shares Vested (in Dollars per share) | $4.68 |
Restricted Shares Vested (in Dollars) | 134,613 |
Restricted Shares Vested | -21,000 |
Expired and forfeited | -22,860 |
Expired and forfeited (in Dollars per share) | $4.55 |
Expired and forfeited (in Dollars) | 146,533 |
Restricted Stock [Member] | Ending Balance [Member] | ' |
Note 14 - Shareholders' Equity (Details) - Activity in the Companybs Share-Based Plans [Line Items] | ' |
At September 30, 2013 (in Dollars per share) | $4.30 |
At September 30, 2013 (in Dollars) | $4,832,496 |
At September 30, 2013 | 753,900 |
Note_15_Subsequent_Event_Detai
Note 15 - Subsequent Event (Details) (USD $) | 3 Months Ended | 9 Months Ended | 0 Months Ended | |
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Oct. 21, 2013 | Oct. 25, 2013 |
Subsequent Event [Member] | Subsequent Event [Member] | |||
Cash Flow Hedging [Member] | ||||
Forward Contracts [Member] | ||||
Interest Rate Swap [Member] | ||||
Note 15 - Subsequent Event (Details) [Line Items] | ' | ' | ' | ' |
Common Stock, Dividends, Per Share, Declared | $0.02 | $0.02 | ' | $0.02 |
Derivative, Term of Contract | ' | ' | '3 years | ' |
Derivative Asset, Notional Amount (in Dollars) | ' | ' | $20 | ' |