Document_And_Entity_Informatio
Document And Entity Information | 6 Months Ended | |
Jun. 30, 2014 | Aug. 05, 2014 | |
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 | ' | 44,841,266 |
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-Jun-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (Unaudited) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $21,117 | $13,087 |
Interest-earning balances at banks | 47,623 | 41,680 |
Federal funds sold | 280 | 300 |
Investment securities available-for-sale, at fair value | 349,532 | 349,491 |
Investment securities held-to-maturity (fair value of $120,079 and $51,334, respectively) | 119,302 | 51,972 |
Nonmarketable equity securities | 5,906 | 5,905 |
Loans held for sale | 6,388 | 2,430 |
Loans: | ' | ' |
Non-covered | 1,418,129 | 1,224,674 |
Covered | 55,532 | 71,134 |
Less allowance for loan losses | -9,178 | -8,831 |
Net loans | 1,464,483 | 1,286,977 |
Premises and equipment, net | 59,362 | 55,923 |
Bank-owned life insurance | 56,831 | 47,832 |
Deferred tax asset | 37,957 | 36,318 |
Other real estate owned - noncovered | 10,937 | 9,404 |
Other real estate owned - covered | 5,234 | 5,088 |
Goodwill | 29,824 | 26,420 |
FDIC indemnification asset | 6,993 | 10,025 |
Core deposit intangible | 11,654 | 8,629 |
Accrued interest receivable | 4,507 | 4,222 |
Other assets | 7,953 | 5,087 |
Total assets | 2,245,883 | 1,960,790 |
Deposits: | ' | ' |
Noninterest-bearing | 331,866 | 255,861 |
Interest-bearing | 1,530,841 | 1,344,024 |
Total deposits | 1,862,707 | 1,599,885 |
Short-term borrowings | 8,575 | 996 |
FHLB advances | 55,000 | 55,000 |
Subordinated debt | 23,244 | 22,052 |
Accrued interest payable | 391 | 412 |
Accrued expenses and other liabilities | 26,029 | 20,362 |
Total liabilities | 1,975,946 | 1,698,707 |
Shareholders' equity: | ' | ' |
Common stock, $1.00 par value 200,000,000 shares authorized; 44,833,516 and 44,730,669 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively | 44,833 | 44,731 |
Additional paid-in capital | 222,158 | 222,559 |
Accumulated earnings (deficit) | 4,787 | -405 |
Accumulated other comprehensive income (loss) | -1,841 | -4,802 |
Total shareholders' equity | 269,937 | 262,083 |
Total liabilities and shareholders' equity | $2,245,883 | $1,960,790 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Investment securities held-to-maturity, fair value (in Dollars) | $120,079 | $51,334 |
Common stock, par value (in Dollars per share) | $1 | $1 |
Common stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, shares outstanding | 44,833,516 | 44,730,669 |
Common stock, shares issued | 44,833,516 | 44,730,669 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Income (Unaudited) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Interest income | ' | ' | ' | ' |
Loans, including fees | $18,734 | $18,805 | $35,660 | $36,945 |
Federal funds sold | ' | 7 | ' | 24 |
Taxable investment securities | 2,152 | 1,068 | 4,123 | 1,934 |
Tax-exempt investment securities | 133 | 195 | 355 | 385 |
Nonmarketable equity securities | 85 | 25 | 151 | 73 |
Interest on deposits at banks | 53 | 44 | 74 | 106 |
Total interest income | 21,157 | 20,144 | 40,363 | 39,467 |
Interest expense | ' | ' | ' | ' |
Money market, NOW and savings deposits | 615 | 379 | 1,162 | 786 |
Time deposits | 828 | 527 | 1,659 | 1,135 |
Short-term borrowings | 1 | 1 | 1 | 7 |
FHLB advances | 128 | 137 | 255 | 274 |
Subordinated debt | 506 | 429 | 932 | 858 |
Total interest expense | 2,078 | 1,473 | 4,009 | 3,060 |
Net interest income | 19,079 | 18,671 | 36,354 | 36,407 |
Provision for loan losses | -365 | 75 | -382 | 384 |
Net interest income after provision for loan losses | 19,444 | 18,596 | 36,736 | 36,023 |
Noninterest income | ' | ' | ' | ' |
Service charges on deposit accounts | 1,001 | 616 | 1,634 | 1,380 |
Income from fiduciary activities | 642 | 648 | 1,320 | 1,246 |
Commissions and fees from investment brokerage | 131 | 83 | 228 | 193 |
Gain (loss) on sale of securities available for sale | -33 | 104 | 243 | 104 |
ATM and card income | 764 | 692 | 1,312 | 1,180 |
Mortgage banking income | 653 | 977 | 897 | 1,945 |
Income from bank-owned life insurance | 525 | 528 | 1,645 | 909 |
Amortization of indemnification asset | -606 | -73 | -859 | -38 |
Other noninterest income | 939 | 393 | 1,082 | 507 |
Total noninterest income | 4,016 | 3,968 | 7,502 | 7,426 |
Noninterest expense | ' | ' | ' | ' |
Salaries and employee benefits | 9,684 | 8,800 | 18,912 | 17,578 |
Occupancy and equipment | 2,249 | 1,980 | 4,254 | 3,888 |
Advertising and promotion | 223 | 150 | 456 | 370 |
Legal and professional fees | 1,122 | 861 | 1,783 | 1,754 |
Deposit charges and FDIC insurance | 368 | 409 | 608 | 896 |
Data processing and outside service fees | 1,544 | 1,640 | 2,890 | 3,293 |
Communication fees | 576 | 448 | 1,012 | 880 |
Core deposit intangible amortization | 317 | 257 | 574 | 514 |
Net cost (earnings) of operation of other real estate owned | 206 | -36 | 259 | -464 |
Loan and collection expense | 304 | 679 | 592 | 1,005 |
Postage and supplies | 170 | 298 | 345 | 627 |
Other tax expense | 494 | 127 | 563 | 303 |
Other noninterest expense | 1,017 | 1,171 | 1,769 | 2,061 |
Total noninterest expense | 18,274 | 16,784 | 34,017 | 32,705 |
Income before income taxes | 5,186 | 5,780 | 10,221 | 10,744 |
Income tax expense | 1,760 | 1,968 | 3,240 | 3,692 |
Net income | 3,426 | 3,812 | 6,981 | 7,052 |
Preferred dividends | ' | 302 | ' | 353 |
Net income to common shareholders | $3,426 | $3,510 | $6,981 | $6,699 |
Basic earnings per common share (in Dollars per share) | $0.08 | $0.08 | $0.16 | $0.15 |
Diluted earnings per common share (in Dollars per share) | $0.08 | $0.08 | $0.16 | $0.15 |
Dividends per common share (in Dollars per share) | $0.02 | ' | $0.02 | ' |
Weighted-average common shares outstanding | ' | ' | ' | ' |
Basic (in Shares) | 43,947,134 | 44,143,301 | 43,942,112 | 44,078,262 |
Diluted (in Shares) | 44,213,802 | 44,204,581 | 44,240,105 | 44,137,495 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statemenets of Comprehensive Income (Loss) (Unaudited) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Net income | $3,426 | $3,812 | $6,981 | $7,052 |
Securities available for sale and transferred securities: | ' | ' | ' | ' |
Change in net unrealized gains (losses) during the period | 5,667 | -9,299 | 9,022 | -10,117 |
Change in net unrealized loss on securities transferred to held to maturity | -2,209 | ' | -2,209 | ' |
Reclassification adjustment for net (gains) losses recognized in net income | 33 | -104 | -243 | -104 |
Total securities available for sale and transferred securities | 3,491 | -9,403 | 6,570 | -10,221 |
Derivatives: | ' | ' | ' | ' |
Change in the accumulated loss on effective cash flow hedge derivatives | -965 | ' | -1,887 | ' |
Total derivatives | -965 | ' | -1,887 | ' |
Other comprehensive income (loss), before tax | 2,526 | -9,403 | 4,683 | -10,221 |
Deferred tax expense (benefit) related to other comprehensive income | 941 | -3,427 | 1,722 | -3,813 |
Other comprehensive income (loss), net of tax | 1,585 | -5,976 | 2,961 | -6,408 |
Total comprehensive income (loss) | $5,011 | ($2,164) | $9,942 | $644 |
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 | ||||||
Balance at Dec. 31, 2012 | $20,500 | $44,576 | $220,996 | ($13,568) | $3,198 | $275,702 |
Balance (in Shares) at Dec. 31, 2012 | 20,500,000 | 44,575,853 | ' | ' | ' | ' |
Issuance of restricted stock grants | ' | 142 | -142 | ' | ' | ' |
Issuance of restricted stock grants (in Shares) | ' | 141,500 | ' | ' | ' | ' |
Forfeitures of restricted stock grants | ' | -17 | 17 | ' | ' | ' |
Forfeitures of restricted stock grants (in Shares) | ' | -16,860 | ' | ' | ' | ' |
Exercise of stock options | ' | ' | 1 | ' | ' | 1 |
Exercise of stock options (in Shares) | ' | 312 | ' | ' | ' | ' |
Share-based compensation expense | ' | ' | 1,063 | ' | ' | 1,063 |
Dividends on preferred stock | ' | ' | ' | -353 | ' | -353 |
Net income | ' | ' | ' | 7,052 | ' | 7,052 |
Other comprehensive gain (loss) | ' | ' | ' | ' | -6,408 | -6,408 |
Balance at Jun. 30, 2013 | 20,500 | 44,701 | 221,935 | -6,869 | -3,210 | 277,057 |
Balance (in Shares) at Jun. 30, 2013 | 20,500,000 | 44,700,805 | ' | ' | ' | ' |
Balance at Dec. 31, 2013 | ' | 44,731 | 222,559 | -405 | -4,802 | 262,083 |
Balance (in Shares) at Dec. 31, 2013 | ' | 44,730,669 | ' | ' | ' | ' |
Shares issued (in Shares) | ' | 252 | ' | ' | ' | ' |
Issuance of restricted stock grants | ' | 221 | -221 | ' | ' | ' |
Issuance of restricted stock grants (in Shares) | ' | 220,650 | ' | ' | ' | ' |
Forfeitures of restricted stock grants | ' | -4 | 4 | ' | ' | ' |
Forfeitures of restricted stock grants (in Shares) | ' | -3,333 | ' | ' | ' | ' |
Exercise of stock options | ' | 39 | 138 | ' | ' | 177 |
Exercise of stock options (in Shares) | ' | 39,451 | ' | ' | ' | ' |
Share-based compensation expense | ' | ' | 531 | ' | ' | 531 |
Common stock repurchased | ' | -154 | -853 | ' | ' | -1,007 |
Common stock repurchased (in Shares) | ' | -154,173 | ' | ' | ' | ' |
Dividends on common stock | ' | ' | ' | -1,789 | ' | -1,789 |
Net income | ' | ' | ' | 6,981 | ' | 6,981 |
Other comprehensive gain (loss) | ' | ' | ' | ' | 2,961 | 2,961 |
Balance at Jun. 30, 2014 | ' | $44,833 | $222,158 | $4,787 | ($1,841) | $269,937 |
Balance (in Shares) at Jun. 30, 2014 | ' | 44,833,516 | ' | ' | ' | ' |
Condensed_Consolidated_Stateme3
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Cash flows from operating activities | ' | ' |
Net income | $6,981 | $7,052 |
Adjustments to reconcile net income to net cash provided (used) by operating activities: | ' | ' |
Accretion on acquired loans | -4,865 | -4,639 |
Net amortization on investments | 160 | 358 |
Other depreciation and amortization | 4,719 | 3,890 |
Provision for loan losses | -382 | 384 |
Share-based compensation expense | 531 | 1,063 |
Deferred income taxes | 3,478 | 4,144 |
Amortization of FDIC indemnification asset | 859 | 38 |
Net gains on sales of investment securities available-for-sale | -243 | -104 |
Net gains on sales of loans held for sale | -355 | -1,218 |
Net (gains) losses on sales of fixed assets | 82 | -16 |
Net (gains) losses on sales of other real estate owned | -202 | -1,335 |
Writedowns on other real estate owned | 182 | 1,012 |
Proceeds from life insurance death benefit | 651 | ' |
Income from bank-owned life insurance | -1,645 | -909 |
Proceeds from loans held for sale | 23,692 | 64,578 |
Disbursements for loans held for sale | -26,905 | -60,198 |
Change in assets and liabilities: | ' | ' |
Increase in FDIC indemnification asset | -23 | -1,425 |
(Increase) decrease in accrued interest receivable | 460 | -140 |
(Increase) decrease in other assets | -1,650 | 2,877 |
Decrease in accrued interest payable | -1,582 | -67 |
Increase in accrued expenses and other liabilities | 2,882 | 707 |
Net cash provided by operating activities | 6,825 | 16,052 |
Cash flows from investing activities | ' | ' |
Net (increase) decrease in loans | -75,222 | 50,567 |
Purchases of premises and equipment | -2,276 | -1,403 |
Proceeds from sales of premises and equipment | 79 | 50 |
Purchases of investment securities available-for-sale | -72,345 | -143,634 |
Purchases of investment securities held-to-maturity | -10,017 | ' |
Proceeds from sales of investment securities available-for-sale | 126,314 | 22,815 |
Proceeds from maturities, calls and paydowns of investment securities available-for-sale | 17,721 | 26,195 |
Proceeds from maturities, calls and paydowns of investment securities held-to-maturity | 1,643 | 0 |
FDIC reimbursement of recoverable covered asset losses | 2,196 | 5,236 |
Proceeds from sale of other real estate owned | 6,749 | 13,392 |
Net redemptions of nonmarketable equity securities | 2,947 | 1,517 |
Acquisitions, net of cash acquired | 64,141 | ' |
Net cash provided (used) by investing activities | 61,930 | -25,265 |
Cash flows from financing activities | ' | ' |
Net decrease in deposits | -1,596 | -38,899 |
Repayments of long-term borrowings | -41,415 | -15,000 |
Increase (decrease) in short-term borrowings | 2,819 | -7,967 |
Redemption of junior subordinated debt | -6,895 | ' |
Exercise of stock options | 177 | 1 |
Repurchase of common stock | -1,007 | 0 |
Dividends on common stock | -1,789 | 0 |
Dividends on preferred stock | ' | -353 |
Repurchase of preferred stock | -5,096 | ' |
Net cash used by financing activities | -54,802 | -62,218 |
Net increase (decrease) in cash and cash equivalents | 13,953 | -71,431 |
Cash and cash equivalents, beginning | 55,067 | 184,142 |
Cash and cash equivalents, ending | 69,020 | 112,711 |
Supplemental disclosures of cash flow information: | ' | ' |
Cash paid for interest | 4,030 | 3,127 |
Cash paid for income taxes | 160 | 37 |
Supplemental disclosure of noncash investing and financing activities: | ' | ' |
Change in unrealized gain on available-for-sale securities, net of tax | 6,570 | -10,221 |
Change in unrealized gain on cash flow hedge, net of tax | -1,887 | ' |
Loans transferred to other real estate owned | 5,280 | 4,279 |
Securities available-for-sale transferred to held-to-maturity | $58,972 | ' |
Note_1_Basis_of_Presentation
Note 1 - Basis of Presentation | 6 Months Ended |
Jun. 30, 2014 | |
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 June 30, 2014 and December 31, 2013, 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 “2013 Audited Financial Statements”) included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013 filed with the Securities and Exchange Commission (“SEC”) on March 6, 2014 (the “2013 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 June 30, 2014 and December 31, 2013, and the results of its operations and cash flows for the three and six months ended June 30, 2014 and 2013. Operating results for the three- and six-month periods ended June 30, 2014 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 | 6 Months Ended |
Jun. 30, 2014 | |
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 January 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-04, “Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force)” (“ASU 2014-04”). ASU 2014-04 amended the Receivables—Troubled Debt Restructurings by Creditors subtopic of the Accounting Standards Codification (“ASC”) to address the reclassification of consumer mortgage loans collateralized by residential real estate upon foreclosure. The amendments clarify the criteria for concluding that an in substance repossession or foreclosure has occurred, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan. The amendments also outline interim and annual disclosure requirements. The amendments will be effective for the Company for interim and annual reporting periods beginning after December 15, 2014. Companies are allowed to use either a modified retrospective transition method or a prospective transition method when adopting this update. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. | |
In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”). ASU 2014-09 changes the recognition of revenue from contracts with customers. The core principle of the new guidance is that an entity should recognize revenue to reflect the transfer of goods and services to customers in an amount equal to the consideration the entity receives or expects to receive. The guidance will be effective for the Company for interim and annual reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact of this guidance but does not expect these amendments to have a material effect on its financial statements. | |
In June 2014, the FASB issued ASU 2014-11, “Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures” (“ASU 2014-11”). ASU 2014-11 makes limited amendments to the guidance on accounting for certain repurchase agreements. The new guidance (1) requires entities to account for repurchase-to-maturity transactions as secured borrowings (rather than as sales with forward repurchase agreements), (2) eliminates accounting guidance on linked repurchase financing transactions, and (3) expands disclosure requirements related to certain transfers of financial assets that are accounted for as sales and certain transfers (specifically, repos, securities lending transactions, and repurchase-to-maturity transactions) accounted for as secured borrowings. The amendments will be effective for the Company for the first interim or annual period beginning after December 15, 2014. The Company is currently evaluating the impact of this guidance but does not expect these amendments to have a material effect on its financial statements. | |
In June 2014, the FASB issued ASU 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period—a consensus of the FASB Emerging Issues Task Force” (“ASU 2014-12”). ASU 2014-12 clarifies that performance targets associated with stock compensation should be treated as a performance condition and should not be reflected in the grant date fair value of the stock award. The amendments will be effective for the Company for fiscal years that begin after December 15, 2015. The Company will apply the guidance to all stock awards granted or modified after the amendments are effective. The Company does not expect these amendments to have a material effect on its financial statements. |
Note_3_Business_Combinations_a
Note 3 - Business Combinations and Goodwill | 6 Months Ended | ||||||||||||
Jun. 30, 2014 | |||||||||||||
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 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. | |||||||||||||
Provident Community Bancshares, Inc. | |||||||||||||
On May 1, 2014, the Company completed its acquisition of Provident Community Bancshares, Inc. (“Provident Community”) pursuant to the Agreement and Plan of Merger, dated as of March 4, 2014 (the “Agreement”), under which Provident Community, a bank holding company headquartered in Rock Hill, South Carolina, was merged with and into the Company with the Company as the surviving entity. Pursuant to the Agreement, each share of Provident Community common stock was cancelled and converted into the right to receive a cash payment from the Company equal to $0.78 per share, or approximately $1.4 million in the aggregate. In addition, immediately prior to completion of the merger, the Company purchased from the United States Department of the Treasury (“Treasury”) the issued and outstanding shares of Provident Community’s Fixed Rate Cumulative Perpetual Preferred Stock, Series A (the “Provident Community Series A Preferred Stock”), and all of the related warrants to purchase shares of Provident Community’s common stock, for an aggregate purchase price of approximately $5.1 million (representing a 45% discount from face value). Thereafter, pursuant to the Agreement, the Provident Community Series A Preferred Stock and related warrants were cancelled in connection with the completion of the merger. Simultaneously with completion of the merger, Provident Community Bank, N.A. merged into the Bank. | |||||||||||||
The assets acquired and liabilities assumed from Provident Community were recorded at their fair value as of the closing date of the merger. 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. Goodwill of $3.4 million was generated from the acquisition, none of which is expected to be deductible for income tax purposes. The following table summarizes the consideration paid by the Company in the merger with Provident Community and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date: | |||||||||||||
As Recorded | Fair Value and Other | ||||||||||||
by | Merger Related | As Recorded | |||||||||||
Provident | Adjustments | by the Company | |||||||||||
Consideration Paid | |||||||||||||
Cash | $ | 1,397 | |||||||||||
Fair value of noncontrolling interest | 5,096 | ||||||||||||
Fair Value of Total Consideration Transferred | $ | 6,493 | |||||||||||
Recognized amounts of identifiable assets acquired and liabilities assumed: | |||||||||||||
Cash and cash equivalents | $ | 65,538 | $ | - | $ | 65,538 | |||||||
Securities | 124,035 | - | 124,035 | ||||||||||
Nonmarketable equity securities | 2,948 | - | 2,948 | ||||||||||
Loans held for sale | 390 | - | 390 | ||||||||||
Loans, net of allowance | 112,412 | (8,034 | ) | 104,378 | |||||||||
Premises and equipment | 3,150 | 32 | 3,182 | ||||||||||
Core deposit intangibles | - | 3,600 | 3,600 | ||||||||||
Interest receivable | 748 | (3 | ) | 745 | |||||||||
Other real estate owned | 3,666 | (538 | ) | 3,128 | |||||||||
Bank owned life insurance | 8,536 | - | 8,536 | ||||||||||
Deferred tax asset | 1,628 | 5,210 | 6,838 | ||||||||||
Other assets | 1,438 | (208 | ) | 1,230 | |||||||||
Total assets acquired | $ | 324,489 | $ | 59 | $ | 324,548 | |||||||
Deposits | $ | 264,281 | $ | 177 | $ | 264,458 | |||||||
Federal Home Loan Bank advances | 37,500 | 3,915 | 41,415 | ||||||||||
Junior Subordinated Debt | 12,372 | (4,558 | ) | 7,814 | |||||||||
Short term borrowings | 4,760 | - | 4,760 | ||||||||||
Other liabilities | 2,087 | 925 | 3,012 | ||||||||||
Total liabilities assumed | $ | 321,000 | $ | 459 | $ | 321,459 | |||||||
Total identifiable assets | $ | 3,489 | $ | (400 | ) | $ | 3,089 | ||||||
Goodwill resulting from acquisition | $ | 3,404 | |||||||||||
The following table discloses the impact of the merger with Provident Community (excluding the impact of merger-related expenses) since the acquisition on May 1, 2014 through June 30, 2014. The table also presents certain pro forma information as if Provident Community had been acquired on January 1, 2014 and January 1, 2013, respectively. These results combine the historical results of Provident Community in the Company’s consolidated statement of income and, while certain adjustments were made for the estimated impact of certain fair value adjustments and other acquisition-related activity, they are not indicative of what would have occurred had the acquisition taken place on January 1, 2014 and January 1, 2013. Acquisition-related costs of $643 thousand are included in the Company’s consolidated statements of income for the six months ended June 30, 2014 and are not included in the proforma information below. In particular, no adjustments have been made to eliminate the amount of Provident Community provision for loan losses of $500 thousand in 2013 or the impact of OREO write-downs recognized by Provident Community of $71 thousand in 2014 that may not have been necessary had the acquired loans and OREO been recorded at fair value as of the beginning of 2014 or 2013. Furthermore, expenses related to systems conversions and other costs of integration are expected to be recorded during 2014. Additionally, the Company expects to achieve further operating cost savings and other business synergies as a result of the acquisition which are not reflected in the pro forma amounts below: | |||||||||||||
Actual Since | |||||||||||||
Acquisition | Pro Forma | Pro Forma | |||||||||||
Through | Six Months Ended | Six Months Ended | |||||||||||
30-Jun-14 | 30-Jun-14 | 30-Jun-13 | |||||||||||
Total revenues (net interest income plus other income) | $ | 1,132 | $ | 45,836 | $ | 47,752 | |||||||
Net income | $ | 158 | $ | 3,799 | $ | 5,020 | |||||||
Note_4_Investment_Securities
Note 4 - Investment Securities | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
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 investment securities at June 30, 2014 and December 31, 2013 are as follows: | |||||||||||||||||||||||||
Amortized Cost and Fair Value of Investment Portfolio | |||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||||||||
30-Jun-14 | |||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. Government agencies | $ | 511 | $ | 38 | $ | - | $ | 549 | |||||||||||||||||
Municipal securities | 11,963 | 838 | - | 12,801 | |||||||||||||||||||||
Residential agency pass-through securities | 104,128 | 1,712 | (149 | ) | 105,691 | ||||||||||||||||||||
Residential collateralized mortgage obligations | 140,740 | 576 | (1,480 | ) | 139,836 | ||||||||||||||||||||
Commercial mortgage-backed securities | 5,033 | - | (140 | ) | 4,893 | ||||||||||||||||||||
Asset-backed securities | 78,026 | 4 | (1,369 | ) | 76,661 | ||||||||||||||||||||
Corporate and other securities | 7,279 | 13 | - | 7,292 | |||||||||||||||||||||
Equity securities | 1,250 | 559 | - | 1,809 | |||||||||||||||||||||
Total securities available-for-sale | $ | 348,930 | $ | 3,740 | $ | (3,138 | ) | $ | 349,532 | ||||||||||||||||
Securities held-to-maturity: | |||||||||||||||||||||||||
Residential agency pass-through securities | $ | 46,061 | $ | 786 | $ | - | $ | 46,847 | |||||||||||||||||
Residential collateralized mortgage obligations | 8,843 | 61 | - | 8,904 | |||||||||||||||||||||
Commercial mortgage-backed securities | 58,475 | 63 | (2 | ) | 58,536 | ||||||||||||||||||||
Asset-backed securities | 5,923 | - | (131 | ) | 5,792 | ||||||||||||||||||||
Total securities held-to-maturity | $ | 119,302 | $ | 910 | $ | (133 | ) | $ | 120,079 | ||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. Government agencies | $ | 513 | $ | 45 | $ | - | $ | 558 | |||||||||||||||||
Municipal securities | 15,826 | 680 | - | 16,506 | |||||||||||||||||||||
Residential agency pass-through securities | 90,043 | 741 | (536 | ) | 90,248 | ||||||||||||||||||||
Residential collateralized mortgage obligations | 105,667 | 51 | (2,369 | ) | 103,349 | ||||||||||||||||||||
Commercial mortgage-backed securities | 66,396 | - | (4,994 | ) | 61,402 | ||||||||||||||||||||
Asset-backed securities | 73,369 | 1 | (2,293 | ) | 71,077 | ||||||||||||||||||||
Corporate and other securities | 4,461 | - | (16 | ) | 4,445 | ||||||||||||||||||||
Equity securities | 1,393 | 513 | - | 1,906 | |||||||||||||||||||||
Total securities available-for-sale | $ | 357,668 | $ | 2,031 | $ | (10,208 | ) | $ | 349,491 | ||||||||||||||||
Securities held-to-maturity: | |||||||||||||||||||||||||
Residential agency pass-through securities | $ | 41,125 | $ | - | $ | (392 | ) | $ | 40,733 | ||||||||||||||||
Residential collateralized mortgage obligations | 4,982 | - | (74 | ) | 4,908 | ||||||||||||||||||||
Asset-backed securities | 5,865 | - | (172 | ) | 5,693 | ||||||||||||||||||||
Total securities held-to-maturity | $ | 51,972 | $ | - | $ | (638 | ) | $ | 51,334 | ||||||||||||||||
At June 1, 2014, commercial mortgage-backed securities (“MBS”) with a fair market value of $58.5 million were transferred from available-for-sale to held-to-maturity. These securities had an aggregate unrealized loss of $2.2 million ($1.5 million, net of tax) on the date of transfer. The net unamortized, unrealized loss on the transferred securities included in accumulated other comprehensive income in the accompanying balance sheet as of June 30, 2014 totaled $2.2 million. This amount will be amortized out of accumulated other comprehensive income over the remaining life of the underlying securities as an adjustment of the yield on those securities. There were no other transfers of securities during the three or six month periods ended June 30, 2014. | |||||||||||||||||||||||||
At June 30, 2014 and December 31, 2013, investment securities with a fair market value of $149.7 million and $99.5 million, respectively, were pledged to secure public and trust deposits, to secure interest rate swaps, and for other purposes as required and permitted by law. | |||||||||||||||||||||||||
At June 30, 2014 and December 31, 2013, commercial MBS include $57.4 million and $55.7 million, respectively, of delegated underwriting and servicing (“DUS”) bonds collateralized by multi-family properties and backed by an agency of the U.S. government, and $6.0 million and $5.7 million, respectively, of private-label securities collateralized by commercial properties. | |||||||||||||||||||||||||
At June 30, 2014 and December 31, 2013, asset-backed securities include a $5.8 million and $5.7 million security, respectively, which is approximately 42% collateralized by the Federal Family Education Loan Program and approximately 58% collateralized by private student loan programs. | |||||||||||||||||||||||||
The amortized cost and fair value of investment securities available-for-sale and held-to-maturity at June 30, 2014 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 agency pass-through securities and residential collateralized mortgage obligations are backed by an agency of the United States government. None of our residential agency pass-through securities or residential collateralized mortgage obligations are private-label securities. | |||||||||||||||||||||||||
Maturities of Investment Portfolio | |||||||||||||||||||||||||
30-Jun-14 | |||||||||||||||||||||||||
Amortized | Fair | ||||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. Government agencies | |||||||||||||||||||||||||
Due after one year through five years | $ | 511 | $ | 549 | |||||||||||||||||||||
Municipal securities | |||||||||||||||||||||||||
Due after ten years | 11,963 | 12,801 | |||||||||||||||||||||||
Residential agency pass-through securities | |||||||||||||||||||||||||
Due after five years through ten years | 19,464 | 19,783 | |||||||||||||||||||||||
Due after ten years | 84,664 | 85,908 | |||||||||||||||||||||||
Residential collateralized mortgage obligations | |||||||||||||||||||||||||
Due after ten years | 140,740 | 139,836 | |||||||||||||||||||||||
Commercial mortgage-backed obligations | |||||||||||||||||||||||||
Due after five years through ten years | 5,033 | 4,892 | |||||||||||||||||||||||
Asset-backed securities | |||||||||||||||||||||||||
Due after ten years | 78,026 | 76,661 | |||||||||||||||||||||||
Corporate and other securities | |||||||||||||||||||||||||
Due after five years through ten years | 3,961 | 3,975 | |||||||||||||||||||||||
Due after ten years | 3,318 | 3,318 | |||||||||||||||||||||||
Equity securities | |||||||||||||||||||||||||
Due after ten years | 1,250 | 1,809 | |||||||||||||||||||||||
Total securities available-for-sale | $ | 348,930 | $ | 349,532 | |||||||||||||||||||||
Securities held-to-maturity: | |||||||||||||||||||||||||
Residential agency pass-through securities | |||||||||||||||||||||||||
Due after ten years | $ | 46,061 | $ | 46,847 | |||||||||||||||||||||
Residential collateralized mortgage obligations | |||||||||||||||||||||||||
Due after ten years | 8,843 | 8,904 | |||||||||||||||||||||||
Commercial mortgage-backed obligations | |||||||||||||||||||||||||
Due after five years through ten years | 58,475 | 58,536 | |||||||||||||||||||||||
Asset-backed securities | |||||||||||||||||||||||||
Due after ten years | 5,923 | 5,792 | |||||||||||||||||||||||
Total securities held-to-maturity | $ | 119,302 | $ | 120,079 | |||||||||||||||||||||
Securities available-for-sale of $123.9 million and $22.8 million were sold in the three months ended June 30, 2014 and 2013, respectively, resulting in a gross loss of $0.03 million and a gross gain of $0.1 million, respectively. Securities available-for-sale of $126.3 million and $22.8 million were sold in the six months ended June 30, 2014 and 2013, respectively, resulting in gross gains of $0.2 million and $0.01 million, respectively. The increase in sales of securities during the second quarter of 2014 is due to the sale of the majority of the securities acquired in the acquisition of Provident Community. | |||||||||||||||||||||||||
Management evaluates its investments quarterly 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 securities with unrealized losses at June 30, 2014 and December 31, 2013. 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 June 30, 2014, fourteen securities have been in a continuous loss position for twelve months or more. At December 31, 2013, five securities had been in a continuous loss position for twelve months or more. | |||||||||||||||||||||||||
The “Volcker Rule” under the Dodd-Frank Act generally prohibits banks and their affiliates from engaging in proprietary trading and investing in and sponsoring a covered fund (such as a hedge fund or private equity fund). At June 30, 2014 and December 31, 2013, the Company held two and four investments, respectively, in senior tranches of collateralized loan obligations (“CLOs”) with a fair value of $14.8 million and $23.4 million, respectively, which are included in asset-backed securities, which could be impacted by the Volcker Rule. The collateral eligibility language in one of the securities held at December 31, 2013, with a fair value of $5.0 million, has been amended to comply with the new bank investment criteria under the Volcker Rule. The Company recognized a loss of $33,000 on the sale of one of these securities, that existed at December 31, 2013, during the second quarter of 2014 given expectations that it would not be amended to comply with the Volcker Rule. The Company’s investments in the remaining securities, which had a net unrealized loss of $178,000 at June 30, 2014 and $274,000 at December 31, 2013, are currently prohibited under the Volcker Rule. The Company will determine any disposition plans for these securities as documentation is, or is not, amended. Under current Federal regulations, banks have until July 21, 2017 to conform their CLO interests to avoid the trading restrictions under the Volcker Rule. Unless the documentation is amended to avoid inclusion within the rule’s prohibitions, the Company would have to recognize other-than-temporary-impairment with respect to these securities in conformity with GAAP rules. The Company held no other security types potentially affected by the Volcker Rule at either June 30, 2014 or December 31, 2013. | |||||||||||||||||||||||||
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 | ||||||||||||||||||||
30-Jun-14 | |||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
Residential agency pass-through securities | $ | 5,841 | $ | (6 | ) | $ | 8,295 | $ | (143 | ) | $ | 14,136 | $ | (149 | ) | ||||||||||
Residential collateralized mortgage obligations | 33,369 | (239 | ) | 43,214 | (1,241 | ) | 76,583 | (1,480 | ) | ||||||||||||||||
Commercial mortgage-backed securities | - | - | 4,892 | (140 | ) | 4,892 | (140 | ) | |||||||||||||||||
Asset-backed securities | 24,164 | (270 | ) | 32,516 | (1,099 | ) | 56,680 | (1,369 | ) | ||||||||||||||||
Total temporarily impaired available-for-sale securities | $ | 63,374 | $ | (515 | ) | $ | 88,917 | $ | (2,623 | ) | $ | 152,291 | $ | (3,138 | ) | ||||||||||
Securities held-to-maturity: | |||||||||||||||||||||||||
Commercial mortgage-backed securities | $ | - | $ | - | $ | 3,055 | $ | (2 | ) | $ | 3,055 | $ | (2 | ) | |||||||||||
Asset-backed securities | 5,792 | (131 | ) | - | - | 5,792 | (131 | ) | |||||||||||||||||
Total temporarily impaired held-to-maturity securities | $ | 5,792 | $ | (131 | ) | $ | 3,055 | $ | (2 | ) | $ | 8,847 | $ | (133 | ) | ||||||||||
31-Dec-13 | |||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
Residential agency pass-through securities | $ | 32,674 | $ | (536 | ) | $ | - | $ | - | $ | 32,674 | $ | (536 | ) | |||||||||||
Residential collateralized mortgage obligations | 55,856 | (1,687 | ) | 18,167 | (682 | ) | 74,023 | (2,369 | ) | ||||||||||||||||
Commercial mortgage-backed securities | 42,391 | (3,247 | ) | 19,011 | (1,747 | ) | 61,402 | (4,994 | ) | ||||||||||||||||
Asset-backed securities | 56,106 | (2,236 | ) | 4,986 | (57 | ) | 61,092 | (2,293 | ) | ||||||||||||||||
Corporate and other securities | 3,945 | (16 | ) | - | - | 3,945 | (16 | ) | |||||||||||||||||
Total temporarily impaired available-for-sale securities | $ | 190,972 | $ | (7,722 | ) | $ | 42,164 | $ | (2,486 | ) | $ | 233,136 | $ | (10,208 | ) | ||||||||||
Securities held-to-maturity: | |||||||||||||||||||||||||
Residential agency pass-through securities | $ | 40,733 | $ | (392 | ) | $ | - | $ | - | $ | 40,733 | $ | (392 | ) | |||||||||||
Residential collateralized mortgage obligations | 4,908 | (74 | ) | - | - | 4,908 | (74 | ) | |||||||||||||||||
Asset-backed securities | 5,693 | (172 | ) | - | - | 5,693 | (172 | ) | |||||||||||||||||
Total temporarily impaired held-to-maturity securities | $ | 51,334 | $ | (638 | ) | $ | - | $ | - | $ | 51,334 | $ | (638 | ) | |||||||||||
The Company has nonmarketable equity securities consisting of investments in several financial institutions and the investments in four statutory trusts. These investments totaled $5.9 million at June 30, 2014 and $5.9 million December 31, 2013. Included in these amounts at June 30, 2014 and December 31, 2013 was $4.5 million and $4.9 million, respectively, of Federal Home Loan Bank (“FHLB”) stock. All nonmarketable equity securities were evaluated for impairment as of June 30, 2014 and December 31, 2013. 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 June 30, 2014 and December 31, 2013, 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 | 6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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-Jun-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
PCI loans | All other loans | Total | PCI loans | All other loans | Total | ||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 7,097 | $ | 135,876 | $ | 142,973 | $ | 5,737 | $ | 116,663 | $ | 122,400 | |||||||||||||||||||||||||||||||||||||||||
Commercial real estate (CRE) - owner-occupied | 32,445 | 275,069 | 307,514 | 35,760 | 231,821 | 267,581 | |||||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 56,071 | 401,437 | 457,508 | 56,996 | 325,191 | 382,187 | |||||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | - | 28,549 | 28,549 | - | 19,959 | 19,959 | |||||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land & development | 22,115 | 40,573 | 62,688 | 22,699 | 42,890 | 65,589 | |||||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | 117 | 43,484 | 43,601 | 121 | 56,638 | 56,759 | |||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | 2,222 | 4,358 | 6,580 | 137 | 3,712 | 3,849 | |||||||||||||||||||||||||||||||||||||||||||||||
Total commercial loans | 120,067 | 929,346 | 1,049,413 | 121,450 | 796,874 | 918,324 | |||||||||||||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 31,518 | 163,334 | 194,852 | 32,826 | 140,550 | 173,376 | |||||||||||||||||||||||||||||||||||||||||||||||
Home equity lines of credit (HELOC) | 1,850 | 152,071 | 153,921 | 1,402 | 142,352 | 143,754 | |||||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 8,666 | 40,237 | 48,903 | 6,920 | 33,901 | 40,821 | |||||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 1,112 | 23,954 | 25,066 | 1,189 | 17,606 | 18,795 | |||||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans | 43,146 | 379,596 | 422,742 | 42,337 | 334,409 | 376,746 | |||||||||||||||||||||||||||||||||||||||||||||||
Total loans | 163,213 | 1,308,942 | 1,472,155 | 163,787 | 1,131,283 | 1,295,070 | |||||||||||||||||||||||||||||||||||||||||||||||
Deferred costs | - | 1,506 | 1,506 | - | 738 | 738 | |||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net of deferred costs | $ | 163,213 | $ | 1,310,448 | $ | 1,473,661 | $ | 163,787 | $ | 1,132,021 | $ | 1,295,808 | |||||||||||||||||||||||||||||||||||||||||
Included in the June 30, 2014 and December 31, 2013 loan totals are $55.5 million and $71.1 million, respectively, of covered loans pursuant to FDIC loss share agreements. Of these amounts, at June 30, 2014, approximately $52.8 million is included in PCI loans and $2.7 million is included in all other loans. At December 31, 2013, approximately $68.0 million is included in PCI loans and $3.2 million is included in all other loans. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
At June 30, 2014 and December 31, 2013, the Company had sold participations in loans aggregating $6.7 million and $3.3 million, respectively, to other financial institutions on a nonrecourse basis. Of the $6.7 million in participation loans outstanding at June 30, 3014, $3.6 million were acquired in connection with the Provident Community merger. 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. From time to time, the Company may choose to hold certain mortgage loans on balance sheet. At June 30, 2014, the Company was servicing approximately $4.3 million of 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, ranging 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 has 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 three months ended June 30, 2014 and 2013 were $13.1 million and $32.9 million, respectively. Total loans sold with limited recourse in the six months ended June 30, 2014 and 2013 were $21.4 million and $63.5 million, respectively. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
At June 30, 2014, the carrying value of loans pledged as collateral to the FHLB on borrowings and to the Federal Reserve totaled $496.4 million. At December 31, 2013, the carrying value of loans pledged as collateral to the FHLB and the Federal Reserve totaled $472.4 million. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Concentrations of Credit - Loans are primarily made within the Company’s operating footprint of North Carolina, South Carolina, Virginia 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 and real estate development loans. Primary concentrations in the consumer loan portfolio include home equity lines of credit and residential mortgages. At June 30, 2014 and December 31, 2013, the Company had no loans outstanding with foreign entities. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses -The following table presents, by portfolio segment, the activity in the allowance for loan losses for the three and six months ended June 30, 2014. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | CRE - owner-occupied | CRE - investor income producing | AC&D | AC&D - 1-4 family construction | AC&D - lots, land & development | AC&D - CRE | Other commercial | Residential mortgage | HELOC | Residential construction | Other loans to individuals | Total | |||||||||||||||||||||||||||||||||||||||||
For the three months ended June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 1,547 | $ | 431 | $ | 1,550 | $ | - | $ | 754 | $ | 1,580 | $ | 222 | $ | 26 | $ | 573 | $ | 1,408 | $ | 382 | $ | 80 | $ | 8,553 | |||||||||||||||||||||||||||
Provision for loan losses | 162 | (209 | ) | (137 | ) | - | 412 | (493 | ) | 1 | 25 | (212 | ) | 356 | 238 | 22 | 165 | ||||||||||||||||||||||||||||||||||||
Charge-offs | - | - | - | - | (15 | ) | - | - | - | (52 | ) | (332 | ) | - | (12 | ) | (411 | ) | |||||||||||||||||||||||||||||||||||
Recoveries | 64 | 251 | 12 | - | 64 | 359 | - | - | 63 | 20 | 31 | 7 | 871 | ||||||||||||||||||||||||||||||||||||||||
Net charge-offs | 64 | 251 | 12 | - | 49 | 359 | - | - | 11 | (312 | ) | 31 | (5 | ) | 460 | ||||||||||||||||||||||||||||||||||||||
Balance, end of period | $ | 1,773 | $ | 473 | $ | 1,425 | $ | - | $ | 1,215 | $ | 1,446 | $ | 223 | $ | 51 | $ | 372 | $ | 1,452 | $ | 651 | $ | 97 | $ | 9,178 | |||||||||||||||||||||||||||
PCI Impairment Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | - | $ | - | $ | 518 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 1 | $ | 1 | $ | 3 | $ | 523 | |||||||||||||||||||||||||||
PCI Impairment charge-offs | - | - | - | - | - | - | - | - | - | (1 | ) | - | - | (1 | ) | ||||||||||||||||||||||||||||||||||||||
PCI impairment recoveries | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||
Net PCI impairment charge-offs | - | - | - | - | - | - | - | - | - | (1 | ) | - | - | (1 | ) | ||||||||||||||||||||||||||||||||||||||
PCI provision for loan losses | - | - | (517 | ) | - | - | - | - | - | - | - | (1 | ) | (3 | ) | (521 | ) | ||||||||||||||||||||||||||||||||||||
Benefit attributable to FDIC loss share agreements | - | - | (9 | ) | - | - | - | - | - | - | - | - | - | (9 | ) | ||||||||||||||||||||||||||||||||||||||
Total provision for loan losses charged to operations | - | - | (526 | ) | - | - | - | - | - | - | - | (1 | ) | (3 | ) | (530 | ) | ||||||||||||||||||||||||||||||||||||
Provision for loan losses recorded through FDIC loss share receivable | - | - | 8 | - | - | - | - | - | - | - | - | - | 8 | ||||||||||||||||||||||||||||||||||||||||
Balance, end of period | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||||||||||
Total Allowance for Loan Losses | $ | 1,773 | $ | 473 | $ | 1,425 | $ | - | $ | 1,215 | $ | 1,446 | $ | 223 | $ | 51 | $ | 372 | $ | 1,452 | $ | 651 | $ | 97 | $ | 9,178 | |||||||||||||||||||||||||||
For the six months ended June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 1,491 | $ | 399 | $ | 1,797 | $ | - | $ | 839 | $ | 1,751 | $ | 299 | $ | 25 | $ | 358 | $ | 1,050 | $ | 390 | $ | 72 | $ | 8,471 | |||||||||||||||||||||||||||
Provision for loan losses | 76 | (179 | ) | (186 | ) | - | 327 | (1,472 | ) | (76 | ) | 25 | 4 | 769 | 225 | 36 | (451 | ) | |||||||||||||||||||||||||||||||||||
Charge-offs | - | - | (273 | ) | - | (15 | ) | (4 | ) | - | - | (63 | ) | (398 | ) | (7 | ) | (22 | ) | (782 | ) | ||||||||||||||||||||||||||||||||
Recoveries | 206 | 253 | 87 | - | 64 | 1,171 | - | 1 | 73 | 31 | 43 | 11 | 1,940 | ||||||||||||||||||||||||||||||||||||||||
Net charge-offs | 206 | 253 | (186 | ) | - | 49 | 1,167 | - | 1 | 10 | (367 | ) | 36 | (11 | ) | 1,158 | |||||||||||||||||||||||||||||||||||||
Balance, end of period | $ | 1,773 | $ | 473 | $ | 1,425 | $ | - | $ | 1,215 | $ | 1,446 | $ | 223 | $ | 51 | $ | 372 | $ | 1,452 | $ | 651 | $ | 97 | $ | 9,178 | |||||||||||||||||||||||||||
PCI Impairment Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | - | $ | - | $ | 360 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 360 | |||||||||||||||||||||||||||
PCI Impairment charge-offs | - | - | (5 | ) | - | - | - | - | - | (1 | ) | (144 | ) | - | - | (150 | ) | ||||||||||||||||||||||||||||||||||||
PCI impairment recoveries | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||
Net PCI impairment charge-offs | - | - | (5 | ) | - | - | - | - | - | (1 | ) | (144 | ) | - | - | (150 | ) | ||||||||||||||||||||||||||||||||||||
PCI provision for loan losses | - | - | (354 | ) | - | - | - | - | - | 1 | 144 | - | - | (209 | ) | ||||||||||||||||||||||||||||||||||||||
Benefit attributable to FDIC loss share agreements | - | - | 278 | - | - | - | - | - | - | - | - | - | 278 | ||||||||||||||||||||||||||||||||||||||||
Total provision for loan losses charged to operations | - | - | (76 | ) | - | - | - | - | - | 1 | 144 | - | - | 69 | |||||||||||||||||||||||||||||||||||||||
Provision for loan losses recorded through FDIC loss share receivable | - | - | (279 | ) | - | - | - | - | - | - | - | - | - | (279 | ) | ||||||||||||||||||||||||||||||||||||||
Balance, end of period | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||||||||||
Total Allowance for Loan Losses | $ | 1,773 | $ | 473 | $ | 1,425 | $ | - | $ | 1,215 | $ | 1,446 | $ | 223 | $ | 51 | $ | 372 | $ | 1,452 | $ | 651 | $ | 97 | $ | 9,178 | |||||||||||||||||||||||||||
The following table presents, by portfolio segment, the activity in the allowance for loan losses for the three and six months ended June 30, 2013. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | CRE - owner-occupied | CRE - investor income producing | AC&D | AC&D - 1-4 family construction | AC&D - lots, land & development | AC&D - CRE | Other commercial | Residential mortgage | HELOC | Residential construction | Other loans to individuals | Total | |||||||||||||||||||||||||||||||||||||||||
For the three months ended June 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 1,676 | $ | 322 | $ | 1,235 | $ | 4,218 | $ | - | $ | - | $ | - | $ | 6 | $ | 349 | $ | 1,440 | $ | 450 | $ | 66 | $ | 9,762 | |||||||||||||||||||||||||||
Provision for loan losses | 407 | 57 | (101 | ) | (687 | ) | - | - | - | (2 | ) | (101 | ) | 364 | 39 | 24 | - | ||||||||||||||||||||||||||||||||||||
Charge-offs | (543 | ) | (40 | ) | (18 | ) | (6 | ) | - | - | - | - | (2 | ) | (509 | ) | (2 | ) | (13 | ) | (1,133 | ) | |||||||||||||||||||||||||||||||
Recoveries | 45 | 4 | 303 | 405 | - | - | - | - | 21 | 16 | 31 | 9 | 834 | ||||||||||||||||||||||||||||||||||||||||
Net charge-offs | (498 | ) | (36 | ) | 285 | 399 | - | - | - | - | 19 | (493 | ) | 29 | (4 | ) | (299 | ) | |||||||||||||||||||||||||||||||||||
Balance, end of period | $ | 1,585 | $ | 343 | $ | 1,419 | $ | 3,930 | $ | - | $ | - | $ | - | $ | 4 | $ | 267 | $ | 1,311 | $ | 518 | $ | 86 | $ | 9,463 | |||||||||||||||||||||||||||
PCI Impairment Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | - | $ | - | $ | - | $ | 385 | $ | - | $ | - | $ | - | $ | - | $ | 318 | $ | 3 | $ | 245 | $ | 36 | $ | 987 | |||||||||||||||||||||||||||
PCI provision for loan losses | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||
PCI impairment charge-off | - | - | - | 25 | - | - | - | - | - | - | - | - | 25 | ||||||||||||||||||||||||||||||||||||||||
Net PCI impairment charge-offs | - | - | - | 25 | - | - | - | - | - | - | - | - | 25 | ||||||||||||||||||||||||||||||||||||||||
PCI provision for loan losses | 216 | - | 1 | 35 | - | - | - | - | 76 | - | 44 | - | 372 | ||||||||||||||||||||||||||||||||||||||||
Benefit attributable to FDIC loss share agreements | (104 | ) | - | (1 | ) | (192 | ) | - | - | - | - | - | - | - | - | (297 | ) | ||||||||||||||||||||||||||||||||||||
Total provision for loan losses charged to operations | 112 | - | - | (157 | ) | - | - | - | - | 76 | - | 44 | - | 75 | |||||||||||||||||||||||||||||||||||||||
Provision for loan losses recorded through FDIC loss share receivable | 104 | - | 1 | 192 | - | - | - | - | - | - | - | - | 297 | ||||||||||||||||||||||||||||||||||||||||
Balance, end of period | $ | 216 | $ | - | $ | 1 | $ | 445 | $ | - | $ | - | $ | - | $ | - | $ | 394 | $ | 3 | $ | 289 | $ | 36 | $ | 1,384 | |||||||||||||||||||||||||||
Total Allowance for Loan Losses | $ | 1,801 | $ | 343 | $ | 1,420 | $ | 4,375 | $ | - | $ | - | $ | - | $ | 4 | $ | 661 | $ | 1,314 | $ | 807 | $ | 122 | $ | 10,847 | |||||||||||||||||||||||||||
For the six months ended June 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 849 | $ | 496 | $ | 1,102 | $ | 4,157 | $ | - | $ | - | $ | - | $ | 8 | $ | 454 | $ | 1,463 | $ | 1,046 | $ | 49 | $ | 9,624 | |||||||||||||||||||||||||||
Provision for loan losses | 1,201 | (120 | ) | 105 | (975 | ) | - | - | - | (4 | ) | (215 | ) | 398 | (562 | ) | 45 | (127 | ) | ||||||||||||||||||||||||||||||||||
Charge-offs | (556 | ) | (40 | ) | (221 | ) | (6 | ) | - | - | - | - | (4 | ) | (591 | ) | (2 | ) | (29 | ) | (1,449 | ) | |||||||||||||||||||||||||||||||
Recoveries | 91 | 7 | 433 | 754 | - | - | - | - | 32 | 41 | 36 | 21 | 1,415 | ||||||||||||||||||||||||||||||||||||||||
Net charge-offs | (465 | ) | (33 | ) | 212 | 748 | - | - | - | - | 28 | (550 | ) | 34 | (8 | ) | (34 | ) | |||||||||||||||||||||||||||||||||||
Balance, end of period | $ | 1,585 | $ | 343 | $ | 1,419 | $ | 3,930 | $ | - | $ | - | $ | - | $ | 4 | $ | 267 | $ | 1,311 | $ | 518 | $ | 86 | $ | 9,463 | |||||||||||||||||||||||||||
PCI Impairment Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 225 | $ | - | $ | - | $ | 542 | $ | - | $ | - | $ | - | $ | - | $ | 200 | $ | - | $ | - | $ | - | $ | 967 | |||||||||||||||||||||||||||
PCI provision for loan losses | - | - | (16 | ) | (14 | ) | - | - | - | (386 | ) | - | - | - | - | (416 | ) | ||||||||||||||||||||||||||||||||||||
PCI impairment charge-off | - | - | - | 25 | - | - | - | - | - | - | - | - | 25 | ||||||||||||||||||||||||||||||||||||||||
Net PCI impairment charge-offs | - | - | (16 | ) | 11 | - | - | - | (386 | ) | - | - | - | - | (391 | ) | |||||||||||||||||||||||||||||||||||||
PCI provision for loan losses | (9 | ) | - | 17 | (108 | ) | - | - | - | 386 | 194 | 3 | 289 | 36 | 808 | ||||||||||||||||||||||||||||||||||||||
Benefit attributable to FDIC loss share agreements | (104 | ) | - | (1 | ) | (192 | ) | - | - | - | - | - | - | - | - | (297 | ) | ||||||||||||||||||||||||||||||||||||
Total provision for loan losses charged to operations | (113 | ) | - | 16 | (300 | ) | - | - | - | 386 | 194 | 3 | 289 | 36 | 511 | ||||||||||||||||||||||||||||||||||||||
Provision for loan losses recorded through FDIC loss share receivable | 104 | - | 1 | 192 | - | - | - | - | - | - | - | - | 297 | ||||||||||||||||||||||||||||||||||||||||
Balance, end of period | $ | 216 | $ | - | $ | 1 | $ | 445 | $ | - | $ | - | $ | - | $ | - | $ | 394 | $ | 3 | $ | 289 | $ | 36 | $ | 1,384 | |||||||||||||||||||||||||||
Total Allowance for Loan Losses | $ | 1,801 | $ | 343 | $ | 1,420 | $ | 4,375 | $ | - | $ | - | $ | - | $ | 4 | $ | 661 | $ | 1,314 | $ | 807 | $ | 122 | $ | 10,847 | |||||||||||||||||||||||||||
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 June 30, 2014 and December 31, 2013. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | CRE - owner-occupied | CRE - investor income producing | AC&D | AC&D - 1-4 family construction | AC&D - lots, land & development | AC&D - CRE | Other commercial | Residential mortgage | HELOC | Residential construction | Other loans to individuals | Total | |||||||||||||||||||||||||||||||||||||||||
At June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 20 | $ | 30 | $ | 68 | $ | - | $ | - | $ | 8 | $ | - | $ | 43 | $ | 171 | $ | 415 | $ | 193 | $ | 11 | $ | 959 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 1,753 | 443 | 1,357 | - | 1,215 | 1,438 | 223 | 8 | 201 | 1,037 | 458 | 86 | 8,219 | ||||||||||||||||||||||||||||||||||||||||
1,773 | 473 | 1,425 | - | 1,215 | 1,446 | 223 | 51 | 372 | 1,452 | 651 | 97 | 9,178 | |||||||||||||||||||||||||||||||||||||||||
Purchased credit-impaired | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||
Total | $ | 1,773 | $ | 473 | $ | 1,425 | $ | - | $ | 1,215 | $ | 1,446 | $ | 223 | $ | 51 | $ | 372 | $ | 1,452 | $ | 651 | $ | 97 | $ | 9,178 | |||||||||||||||||||||||||||
Recorded Investment in Loans: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 791 | $ | 3,063 | $ | 1,356 | $ | - | $ | - | $ | 1,141 | $ | - | $ | 257 | $ | 3,351 | $ | 3,159 | $ | 628 | $ | 65 | $ | 13,811 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 135,085 | 272,006 | 400,081 | - | 28,549 | 39,432 | 43,484 | 4,101 | 159,983 | 148,912 | 39,609 | 23,889 | 1,295,131 | ||||||||||||||||||||||||||||||||||||||||
135,876 | 275,069 | 401,437 | - | 28,549 | 40,573 | 43,484 | 4,358 | 163,334 | 152,071 | 40,237 | 23,954 | 1,308,942 | |||||||||||||||||||||||||||||||||||||||||
Purchased credit-impaired | 7,097 | 32,445 | 56,071 | - | - | 22,115 | 117 | 2,222 | 31,518 | 1,850 | 8,666 | 1,112 | 163,213 | ||||||||||||||||||||||||||||||||||||||||
Total | $ | 142,973 | $ | 307,514 | $ | 457,508 | $ | - | $ | 28,549 | $ | 62,688 | $ | 43,601 | $ | 6,580 | $ | 194,852 | $ | 153,921 | $ | 48,903 | $ | 25,066 | $ | 1,472,155 | |||||||||||||||||||||||||||
At December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 14 | $ | 14 | $ | 527 | $ | - | $ | - | $ | - | $ | - | $ | 18 | $ | 167 | $ | 137 | $ | 7 | $ | - | $ | 884 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 1,477 | 385 | 1,270 | - | 839 | 1,751 | 299 | 7 | 191 | 913 | 383 | 72 | 7,587 | ||||||||||||||||||||||||||||||||||||||||
1,491 | 399 | 1,797 | - | 839 | 1,751 | 299 | 25 | 358 | 1,050 | 390 | 72 | 8,471 | |||||||||||||||||||||||||||||||||||||||||
Purchased credit-impaired | - | - | 360 | - | - | - | - | - | - | - | - | - | 360 | ||||||||||||||||||||||||||||||||||||||||
Total | $ | 1,491 | $ | 399 | $ | 2,157 | $ | - | $ | 839 | $ | 1,751 | $ | 299 | $ | 25 | $ | 358 | $ | 1,050 | $ | 390 | $ | 72 | $ | 8,831 | |||||||||||||||||||||||||||
Recorded Investment in Loans: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 265 | $ | 1,902 | $ | 3,216 | $ | - | $ | - | $ | 1,888 | $ | - | $ | 262 | $ | 4,513 | $ | 3,014 | $ | 66 | $ | 60 | $ | 15,186 | |||||||||||||||||||||||||||
Collectively evaluated for impairment | 116,398 | 229,919 | 321,975 | - | 19,959 | 41,002 | 56,638 | 3,450 | 136,037 | 139,338 | 33,835 | 17,546 | 1,116,097 | ||||||||||||||||||||||||||||||||||||||||
116,663 | 231,821 | 325,191 | - | 19,959 | 42,890 | 56,638 | 3,712 | 140,550 | 142,352 | 33,901 | 17,606 | 1,131,283 | |||||||||||||||||||||||||||||||||||||||||
Purchased credit-impaired | 5,737 | 35,760 | 56,996 | - | - | 22,699 | 121 | 137 | 32,826 | 1,402 | 6,920 | 1,189 | 163,787 | ||||||||||||||||||||||||||||||||||||||||
Total | $ | 122,400 | $ | 267,581 | $ | 382,187 | $ | - | $ | 19,959 | $ | 65,589 | $ | 56,759 | $ | 3,849 | $ | 173,376 | $ | 143,754 | $ | 40,821 | $ | 18,795 | $ | 1,295,070 | |||||||||||||||||||||||||||
The Company’s loan loss allowance 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 reserved for 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
The historical loss experience of the Company 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 a particular 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 applicable portfolio considering prevailing market conditions. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
In the past, the Company has recorded a minimum reserve as part of the quantitative component. A minimum reserve is utilized when the Company has insufficient internal loss history or when internal loss history falls below the minimum reserve percentage. Minimums are determined by analyzing Federal Reserve Bank charge-off data for all insured federal- and state-chartered commercial banks. During the second quarter of 2014, the Company determined that it would use the calculated average historical loss rates and adjust to the minimum reserve amounts in its qualitative component. This change represented a reclassification between components of the allowance and had no impact on the calculation in total. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
During the third quarter of 2013, the Company segregated the AC&D portfolio into three collateral types: (i) 1-4 family construction, (ii) lots, land and development and (iii) CRE construction. These enhancements strengthen the granularity of the allowance methodology and are reflective of the distinctions in credit quality indicators for the three collateral types as well as the Company’s present origination activities. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
The following look back periods were utilized by management in determining the quantitative reserve component at June 30, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
June 30, | December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Look back periods (in calendar quarters) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 15 | 15 | |||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 15 | Minimum | |||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 15 | 15 | |||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | 15 | 15 | |||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land, & development | 15 | 15 | |||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | 15 | Minimum | |||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | 15 | Minimum | |||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 15 | 12 | |||||||||||||||||||||||||||||||||||||||||||||||||||
HELOC | 15 | 12 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 14 | 12 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 15 | Minimum | |||||||||||||||||||||||||||||||||||||||||||||||||||
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. The Company also performs a quantitative calculation on the acquired purchased performing loan portfolio. There is no allowance for loan losses established at the acquisition date for purchased performing loans. The historical loss experience discussed above is applied to the acquired purchased performing loan portfolio and the result is compared to the remaining fair value mark on this portfolio. A provision for loan losses is recorded for any further deterioration in these loans subsequent to the acquisition. At June 30, 2014 and December 31, 2013, this analysis did not indicate a need for a provision for loan losses for the acquired purchased performing portfolio. The remaining mark on the acquired purchased performing loan portfolio was $4.1 million and $4.5 million at June 30, 2014 and December 31, 2013, respectively. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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. The Company has historically focused 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. During the second quarter of 2014, the Company introduced two new environmental factors – changes in loan review system and geographical considerations - which are discussed below. Management believes these additional categories provide enhanced accuracy in the determination of the allowance. 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 seven 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, loan types and/or other factors; | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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, competitor activities and/or other factors; | ||||||||||||||||||||||||||||||||||||||||||||||||||||
iv. | Changes in lending practices, which may relate to changes in credit policies, procedures, systems or staff; | ||||||||||||||||||||||||||||||||||||||||||||||||||||
v. | Changes in loan review system, which may introduce uncertainty in loan grading, collateral adequacy and valuation and impairment classification; | ||||||||||||||||||||||||||||||||||||||||||||||||||||
vi. | Geographical considerations, which may relate to economic and/or environmental issues unique to a geographical area including but not limited to elimination of a major employer, natural disaster, or long-term states of emergency; and | ||||||||||||||||||||||||||||||||||||||||||||||||||||
vii. | Other factors, which is intended to capture the incremental adjustment, by loan type, to internally calculated minimum reserves (as discussed above) and 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
4) | Reserve on Purchased-Credit Impaired 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 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 six months ended June 30, 2014 of ($521) thousand and ($209) thousand, respectively. Additionally, in the three and six month periods, approximately $9 thousand and $(278) thousand, respectively, are attributable to covered loans under FDIC loss share agreements. In the three month period, these covered loan impairments were a function of an increase in expected losses and as a result, the FDIC indemnification asset was increased. In the six month period, these covered impairments were a function of a decrease in expected losses. See Note 6 – FDIC Loss Share Agreements for further discussion. A full breakdown of the net impairment or recovery is detailed in the allowance by segment table above for the three and six months ended June 30, 2014 and 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 both June 30, 2014 and December 31, 2013, $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 Mention: | 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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 June 30, 2014 and December 31, 2013, by loan class and by credit quality indicator. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
As of June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | CRE - owner-occupied | CRE - investor income producing | AC&D - 1-4 family construction | AC&D - lots, land & development | AC&D - CRE | Other commercial | Total Commercial | ||||||||||||||||||||||||||||||||||||||||||||||
Pass | $ | 140,943 | $ | 303,489 | $ | 448,691 | $ | 28,549 | $ | 59,271 | $ | 43,601 | $ | 6,323 | $ | 1,030,867 | |||||||||||||||||||||||||||||||||||||
Special mention | 909 | 1,901 | 6,392 | - | 1,755 | - | 145 | 11,102 | |||||||||||||||||||||||||||||||||||||||||||||
Classified | 1,121 | 2,124 | 2,425 | - | 1,662 | - | 112 | 7,444 | |||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 142,973 | $ | 307,514 | $ | 457,508 | $ | 28,549 | $ | 62,688 | $ | 43,601 | $ | 6,580 | $ | 1,049,413 | |||||||||||||||||||||||||||||||||||||
Residential mortgage | HELOC | Residential construction | Other loans to individuals | Total | |||||||||||||||||||||||||||||||||||||||||||||||||
Consumer | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | $ | 191,881 | $ | 148,698 | $ | 48,154 | $ | 25,001 | $ | 413,734 | |||||||||||||||||||||||||||||||||||||||||||
Special mention | 1,517 | 2,152 | 121 | 63 | 3,853 | ||||||||||||||||||||||||||||||||||||||||||||||||
Classified | 1,454 | 3,071 | 628 | 2 | 5,155 | ||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 194,852 | $ | 153,921 | $ | 48,903 | $ | 25,066 | $ | 422,742 | |||||||||||||||||||||||||||||||||||||||||||
Total Loans | $ | 1,472,155 | |||||||||||||||||||||||||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | CRE - owner-occupied | CRE - investor income producing | AC&D - 1-4 family construction | AC&D - lots, land & development | AC&D - CRE | Other commercial | Total Commercial | ||||||||||||||||||||||||||||||||||||||||||||||
Pass | $ | 120,037 | $ | 260,472 | $ | 373,464 | $ | 19,959 | $ | 60,332 | $ | 56,759 | $ | 3,587 | $ | 894,610 | |||||||||||||||||||||||||||||||||||||
Special mention | 1,692 | 6,126 | 3,628 | - | 2,802 | - | 150 | 14,398 | |||||||||||||||||||||||||||||||||||||||||||||
Classified | 671 | 983 | 5,095 | - | 2,455 | - | 112 | 9,316 | |||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 122,400 | $ | 267,581 | $ | 382,187 | $ | 19,959 | $ | 65,589 | $ | 56,759 | $ | 3,849 | $ | 918,324 | |||||||||||||||||||||||||||||||||||||
Residential mortgage | HELOC | Residential construction | Other loans to individuals | Total | |||||||||||||||||||||||||||||||||||||||||||||||||
Consumer | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | $ | 169,519 | $ | 137,626 | $ | 39,824 | $ | 18,301 | $ | 365,270 | |||||||||||||||||||||||||||||||||||||||||||
Special mention | 1,864 | 2,893 | 766 | 488 | 6,011 | ||||||||||||||||||||||||||||||||||||||||||||||||
Classified | 1,993 | 3,235 | 231 | 6 | 5,465 | ||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 173,376 | $ | 143,754 | $ | 40,821 | $ | 18,795 | $ | 376,746 | |||||||||||||||||||||||||||||||||||||||||||
Total Loans | $ | 1,295,070 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 presents, by class, an aging analysis of the Company’s accruing and non-accruing loans as of June 30, 2014 and December 31, 2013. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
30-59 | 60-89 | Past Due | |||||||||||||||||||||||||||||||||||||||||||||||||||
Days | Days | 90 Days | PCI | ||||||||||||||||||||||||||||||||||||||||||||||||||
Past Due | Past Due | or More | Loans | Current | Total Loans | ||||||||||||||||||||||||||||||||||||||||||||||||
As of June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 109 | $ | 1,162 | $ | 122 | $ | 7,097 | $ | 134,483 | $ | 142,973 | |||||||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 1,549 | - | 176 | 32,445 | 273,344 | 307,514 | |||||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 63 | 1,462 | 457 | 56,071 | 399,455 | 457,508 | |||||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | - | - | - | - | 28,549 | 28,549 | |||||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land & development | - | 393 | 399 | 22,115 | 39,781 | 62,688 | |||||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | - | - | - | 117 | 43,484 | 43,601 | |||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | - | - | 112 | 2,222 | 4,246 | 6,580 | |||||||||||||||||||||||||||||||||||||||||||||||
Total commercial loans | 1,721 | 3,017 | 1,266 | 120,067 | 923,342 | 1,049,413 | |||||||||||||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | - | 209 | 437 | 31,518 | 162,688 | 194,852 | |||||||||||||||||||||||||||||||||||||||||||||||
HELOC | 238 | 367 | 345 | 1,850 | 151,121 | 153,921 | |||||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 58 | - | 394 | 8,666 | 39,785 | 48,903 | |||||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 70 | 3 | 280 | 1,112 | 23,601 | 25,066 | |||||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans | 366 | 579 | 1,456 | 43,146 | 377,195 | 422,742 | |||||||||||||||||||||||||||||||||||||||||||||||
Total loans | $ | 2,087 | $ | 3,596 | $ | 2,722 | $ | 163,213 | $ | 1,300,537 | $ | 1,472,155 | |||||||||||||||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 96 | $ | 52 | $ | 149 | $ | 5,737 | $ | 116,366 | $ | 122,400 | |||||||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 418 | - | 209 | 35,760 | 231,194 | 267,581 | |||||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 655 | - | 3,161 | 56,996 | 321,375 | 382,187 | |||||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | - | - | - | - | 19,959 | 19,959 | |||||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land & development | 48 | - | 292 | 22,699 | 42,550 | 65,589 | |||||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | - | - | - | 121 | 56,638 | 56,759 | |||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | - | 112 | - | 137 | 3,600 | 3,849 | |||||||||||||||||||||||||||||||||||||||||||||||
Total commercial loans | 1,217 | 164 | 3,811 | 121,450 | 791,682 | 918,324 | |||||||||||||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | - | 32 | 1,340 | 32,826 | 139,178 | 173,376 | |||||||||||||||||||||||||||||||||||||||||||||||
HELOC | 248 | 160 | 698 | 1,402 | 141,246 | 143,754 | |||||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 25 | - | 66 | 6,920 | 33,810 | 40,821 | |||||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 14 | 11 | - | 1,189 | 17,581 | 18,795 | |||||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans | 287 | 203 | 2,104 | 42,337 | 331,815 | 376,746 | |||||||||||||||||||||||||||||||||||||||||||||||
Total loans | $ | 1,504 | $ | 367 | $ | 5,915 | $ | 163,787 | $ | 1,123,497 | $ | 1,295,070 | |||||||||||||||||||||||||||||||||||||||||
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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
The Company’s quarterly cash flow analyses of PCI loan pools indicated a net release of previous impairment of $521 thousand for the three months ended June 30, 2014 and $209 thousand for the six months ended June 30, 2014 as the pools impacted showed improved expected cash flows. The following tables do not include information regarding impairment of the Company’s PCI loans. Additional information regarding these impairments and reversals are shown in the tables and discussion above. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
The table below presents impaired loans, by class, and the corresponding allowance for loan losses at June 30, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Jun-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Unpaid | Related | Unpaid | Related | ||||||||||||||||||||||||||||||||||||||||||||||||||
Recorded | Principal | Allowance For | Recorded | Principal | Allowance For | ||||||||||||||||||||||||||||||||||||||||||||||||
Investment | Balance | Loan Losses | Investment | Balance | Loan Losses | ||||||||||||||||||||||||||||||||||||||||||||||||
Impaired Loans with No Related Allowance Recorded: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 667 | $ | 958 | $ | - | $ | 183 | $ | 473 | $ | - | |||||||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 2,880 | 2,969 | - | 1,815 | 1,955 | - | |||||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 941 | 949 | - | 30 | 47 | - | |||||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land & development | 1,093 | 1,206 | 1,888 | 4,475 | |||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | - | - | - | 150 | 167 | - | |||||||||||||||||||||||||||||||||||||||||||||||
Total commercial loans | 5,581 | 6,082 | - | 4,066 | 7,117 | - | |||||||||||||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 2,006 | 2,798 | - | 3,080 | 3,926 | - | |||||||||||||||||||||||||||||||||||||||||||||||
HELOC | 1,411 | 1,996 | - | 2,478 | 2,855 | - | |||||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 18 | 39 | - | 26 | 39 | - | |||||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | - | - | - | 58 | 62 | - | |||||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans | 3,435 | 4,833 | - | 5,642 | 6,882 | - | |||||||||||||||||||||||||||||||||||||||||||||||
Total impaired loans with no related allowance recorded | $ | 9,016 | $ | 10,915 | $ | - | $ | 9,708 | $ | 13,999 | $ | - | |||||||||||||||||||||||||||||||||||||||||
Impaired Loans with an Allowance Recorded: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 124 | $ | 135 | $ | 20 | $ | 82 | $ | 90 | $ | 14 | |||||||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 183 | 188 | 30 | 87 | 88 | 14 | |||||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 415 | 422 | 68 | 3,186 | 3,673 | 527 | |||||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land & development | 48 | 49 | 8 | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | 257 | 274 | 43 | 112 | 112 | 18 | |||||||||||||||||||||||||||||||||||||||||||||||
Total commercial loans | 1,027 | 1,068 | 169 | 3,467 | 3,963 | 573 | |||||||||||||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 1,346 | 1,407 | 171 | 1,433 | 1,485 | 167 | |||||||||||||||||||||||||||||||||||||||||||||||
HELOC | 1,748 | 1,818 | 415 | 536 | 587 | 137 | |||||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 609 | 615 | 193 | 40 | 42 | 7 | |||||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 65 | 68 | 11 | 2 | 4 | - | |||||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans | 3,768 | 3,908 | 790 | 2,011 | 2,118 | 311 | |||||||||||||||||||||||||||||||||||||||||||||||
Total impaired loans with an allowance recorded | $ | 4,795 | $ | 4,976 | $ | 959 | $ | 5,478 | $ | 6,081 | $ | 884 | |||||||||||||||||||||||||||||||||||||||||
Total Impaired Loans: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 791 | $ | 1,093 | $ | 20 | $ | 265 | $ | 563 | $ | 14 | |||||||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 3,063 | 3,157 | 30 | 1,902 | 2,043 | 14 | |||||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 1,356 | 1,371 | 68 | 3,216 | 3,720 | 527 | |||||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land & development | 1,141 | 1,255 | 8 | 1,888 | 4,475 | - | |||||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | 257 | 274 | 43 | 262 | 279 | 18 | |||||||||||||||||||||||||||||||||||||||||||||||
Total commercial loans | 6,608 | 7,150 | 169 | 7,533 | 11,080 | 573 | |||||||||||||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 3,352 | 4,205 | 171 | 4,513 | 5,411 | 167 | |||||||||||||||||||||||||||||||||||||||||||||||
HELOC | 3,159 | 3,814 | 415 | 3,014 | 3,442 | 137 | |||||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 627 | 654 | 193 | 66 | 81 | 7 | |||||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 65 | 68 | 11 | 60 | 66 | - | |||||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans | 7,203 | 8,741 | 790 | 7,653 | 9,000 | 311 | |||||||||||||||||||||||||||||||||||||||||||||||
Total impaired loans | $ | 13,811 | $ | 15,891 | $ | 959 | $ | 15,186 | $ | 20,080 | $ | 884 | |||||||||||||||||||||||||||||||||||||||||
The average recorded investment and interest income recognized on impaired loans, by class, for the three and six months ended June 30, 2014 and June 30, 2013 are shown in the table below. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Average | Interest | Average | Interest | Average | Interest | Average | Interest | ||||||||||||||||||||||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||||||||||||||||||||||
Impaired Loans with No Related Allowance Recorded: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 667 | $ | 6 | $ | 297 | $ | - | $ | 391 | $ | 14 | $ | 476 | $ | - | |||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 2,881 | 15 | 2,135 | - | 2,328 | 46 | 1,602 | - | |||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 945 | 7 | 224 | 106 | 456 | 17 | 2,471 | 123 | |||||||||||||||||||||||||||||||||||||||||||||
AC&D | - | - | 2,936 | - | - | - | 5,250 | - | |||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land & development | 1,102 | 34 | - | - | 1,738 | 78 | - | - | |||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||
Other commercial | 74 | - | 160 | - | 122 | 4 | 162 | - | |||||||||||||||||||||||||||||||||||||||||||||
Total commercial loans | 5,669 | 62 | 5,752 | 106 | 5,035 | 159 | 9,961 | 123 | |||||||||||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 2,353 | 16 | 2,247 | 14 | 2,707 | 31 | 1,626 | 31 | |||||||||||||||||||||||||||||||||||||||||||||
Home equity lines of credit | 1,382 | 7 | 1,315 | - | 1,504 | 13 | 1,129 | - | |||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 18 | - | 1 | - | 12 | - | 56 | - | |||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 27 | - | 66 | 1 | 47 | 1 | 70 | 2 | |||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans | 3,780 | 23 | 3,629 | 15 | 4,270 | 45 | 2,881 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Total impaired loans with no related allowance recorded | $ | 9,449 | $ | 85 | $ | 9,381 | $ | 121 | $ | 9,305 | $ | 204 | $ | 12,842 | $ | 156 | |||||||||||||||||||||||||||||||||||||
Impaired Loans with an Allowance Recorded: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 135 | $ | - | $ | 1,010 | $ | - | $ | 246 | $ | - | $ | 521 | $ | 1 | |||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 165 | 1 | - | - | 113 | 3 | 12 | - | |||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 242 | 3 | 3,644 | 38 | 2,204 | 3 | 1,531 | 75 | |||||||||||||||||||||||||||||||||||||||||||||
AC&D | - | - | 125 | - | - | - | 341 | - | |||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | 48 | - | - | - | 19 | 2 | - | - | |||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land & development | 48 | - | - | - | 69 | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||
Other commercial | 184 | 5 | - | - | 96 | 5 | - | - | |||||||||||||||||||||||||||||||||||||||||||||
Total commercial loans | 822 | 9 | 4,779 | 38 | 2,747 | 13 | 2,405 | 76 | |||||||||||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 1,454 | 9 | 1,216 | 6 | 1,381 | 18 | 1,220 | 16 | |||||||||||||||||||||||||||||||||||||||||||||
Home equity lines of credit | 1,704 | 2 | 654 | 1 | 1,361 | 4 | 489 | 2 | |||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 321 | - | - | - | 152 | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 33 | 2 | 2 | - | 15 | 2 | - | - | |||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans | 3,512 | 13 | 1,872 | 7 | 2,909 | 24 | 1,709 | 18 | |||||||||||||||||||||||||||||||||||||||||||||
Total impaired loans with an allowance recorded | $ | 4,334 | $ | 22 | $ | 6,651 | $ | 45 | $ | 5,656 | $ | 37 | $ | 4,114 | $ | 94 | |||||||||||||||||||||||||||||||||||||
Total Impaired Loans: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 802 | $ | 6 | $ | 1,307 | $ | - | $ | 637 | $ | 14 | $ | 997 | $ | 1 | |||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 3,046 | 16 | 2,135 | - | 2,441 | 49 | 1,614 | - | |||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 1,187 | 10 | 3,868 | 144 | 2,660 | 20 | 4,002 | 198 | |||||||||||||||||||||||||||||||||||||||||||||
AC&D | - | - | 3,061 | - | - | - | 5,591 | - | |||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | 48 | - | - | - | 19 | 2 | - | - | |||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land & development | 1,150 | 34 | - | - | 1,807 | 78 | - | - | |||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||
Other commercial | 258 | 5 | 160 | - | 218 | 9 | 162 | - | |||||||||||||||||||||||||||||||||||||||||||||
Total commercial loans | 6,491 | 71 | 10,531 | 144 | 7,782 | 172 | 12,366 | 199 | |||||||||||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 3,807 | 25 | 3,463 | 20 | 4,088 | 49 | 2,846 | 47 | |||||||||||||||||||||||||||||||||||||||||||||
Home equity lines of credit | 3,086 | 9 | 1,969 | 1 | 2,865 | 17 | 1,618 | 2 | |||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 339 | - | 1 | - | 164 | - | 56 | - | |||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 60 | 2 | 68 | 1 | 62 | 3 | 70 | 2 | |||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans | 7,292 | 36 | 5,501 | 22 | 7,179 | 69 | 4,590 | 51 | |||||||||||||||||||||||||||||||||||||||||||||
Total impaired loans | $ | 13,783 | $ | 107 | $ | 16,032 | $ | 166 | $ | 14,961 | $ | 241 | $ | 16,956 | $ | 250 | |||||||||||||||||||||||||||||||||||||
During the three and six months ended June 30, 2014, the Company recognized $107 thousand and $241 thousand, respectively, in interest income with respect to impaired loans, primarily accruing TDRs, within the period the loans were impaired. During the three and six months ended June 30, 2013, the Company recognized $166 thousand and $250 thousand, respectively, in interest income with respect to impaired loans, primarily accruing TDRs, within the period the loans were impaired. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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 June 30, 2014, there was $775 thousand in loans past due 90 days or more and accruing interest. At December 31, 2013, there was $17 thousand in loans past due 90 days or more and accruing interest. These loans were considered fully collectible at June 30, 2014 and December 31, 2013. The recorded investment in nonaccrual loans at June 30, 2014 and December 31, 2013 follows: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
June 30, | December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 236 | $ | 200 | |||||||||||||||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 213 | 209 | |||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 778 | 3,192 | |||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land & development | 48 | 292 | |||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | 112 | 112 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial loans | 1,387 | 4,005 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 824 | 2,007 | |||||||||||||||||||||||||||||||||||||||||||||||||||
HELOC | 2,354 | 2,348 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 628 | 66 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 13 | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans | 3,819 | 4,423 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Total nonaccrual loans | $ | 5,206 | $ | 8,428 | |||||||||||||||||||||||||||||||||||||||||||||||||
Purchased Credit-Impaired Loans – PCI loans had an unpaid principal balance of $200.0 million and $197.0 million and a carrying value of $163.2 million and $163.8 million at June 30, 2014 and December 31, 2013, respectively. PCI loans represented 7.3% and 8.4% of total assets at June 30, 2014 and December 31, 2013, respectively. Determining the fair value of the PCI loans at the time of 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 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 carryover of previously established allowance for loan losses from acquired companies. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
The PCI loan portfolio acquired in connection with the Provident Community acquisition was accounted for at fair value as follows: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
1-May-14 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Contractual principal and interest at acquisition | $ | 47,572 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccretable difference | (7,480 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||
Expected cash flows at acquisition | 40,092 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Accretable yield | (7,179 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||
Basis in PCI loans at acquisition - estimated fair value | $ | 32,913 | |||||||||||||||||||||||||||||||||||||||||||||||||||
A summary of changes in the accretable yield for all PCI loans for the six months ended June 30, 2014 and 2013 follows: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months Ended June 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Accretable yield, beginning of period | $ | 39,249 | $ | 42,734 | |||||||||||||||||||||||||||||||||||||||||||||||||
Addition from the Provident Community acquisition | 7,179 | - | |||||||||||||||||||||||||||||||||||||||||||||||||||
Interest income | (7,960 | ) | (7,610 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||
Reclassification of nonaccretable difference due to improvement in expected cash flows | 6,334 | 5,746 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Other changes, net | 857 | 1,378 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Accretable yield, end of period | $ | 45,659 | $ | 42,248 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 $512 thousand and $565 thousand, respectively, of specific reserves to customers whose loan terms have been modified in a TDR as of June 30, 2014 and December 31, 2013. As of June 30, 2014, the Company had 14 TDR loans totaling $5.1 million, of which $1.6 million are nonaccrual loans. As of December 31, 2013, the Company had 11 TDR loans totaling $8.2 million, of which $4.4 million are nonaccrual loans. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
The following tables represent a breakdown of the types of concessions made by loan class for the three- and six-month periods ended June 30, 2014 and 2013. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Three months ended | Six months ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Jun-14 | 30-Jun-14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Number of | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | ||||||||||||||||||||||||||||||||||||||||||||||||
loans | loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Extended payment terms | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 1 | $ | 14 | $ | 14 | 1 | $ | 14 | $ | 14 | |||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 1 | 94 | 94 | 1 | 94 | 94 | |||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | - | - | - | 1 | 165 | 165 | |||||||||||||||||||||||||||||||||||||||||||||||
HELOC | - | - | - | 1 | 299 | 299 | |||||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 1 | 173 | 173 | 1 | 173 | 173 | |||||||||||||||||||||||||||||||||||||||||||||||
3 | $ | 281 | $ | 281 | 5 | $ | 745 | $ | 745 | ||||||||||||||||||||||||||||||||||||||||||||
Three months ended | Six months ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Jun-13 | 30-Jun-13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Number of | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | ||||||||||||||||||||||||||||||||||||||||||||||||
loans | loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Below market interest rate | |||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE-investor income producing | - | $ | - | $ | - | 1 | $ | 3,610 | $ | 3,610 | |||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | - | - | - | 1 | 43 | 43 | |||||||||||||||||||||||||||||||||||||||||||||||
Total | - | - | - | 2 | 3,653 | 3,653 | |||||||||||||||||||||||||||||||||||||||||||||||
Extended payment terms | |||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D | 1 | 962 | 962 | 1 | 962 | 962 | |||||||||||||||||||||||||||||||||||||||||||||||
1 | 962 | 962 | 1 | 962 | 962 | ||||||||||||||||||||||||||||||||||||||||||||||||
Total | 1 | $ | 962 | $ | 962 | 3 | $ | 4,615 | $ | 4,615 | |||||||||||||||||||||||||||||||||||||||||||
There were no loans that were modified as TDRs within the 12 months ended June 30, 2014 and June 30, 2013 and for which there was a payment default during the three or six months ended June 30, 2014 or June 30, 2013, respectively. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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 June 30, 2014 and 2013: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Twelve Months Ended June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Paid in full | Paying as restructured | Foreclosure/Default | |||||||||||||||||||||||||||||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||||||||||||||||||||||||||||
loans | Investment | loans | Investment | loans | Investment | ||||||||||||||||||||||||||||||||||||||||||||||||
Below market interest rate | - | $ | - | 3 | $ | 1,954 | - | $ | - | ||||||||||||||||||||||||||||||||||||||||||||
Extended payment terms | - | - | 11 | 3,195 | - | $ | - | ||||||||||||||||||||||||||||||||||||||||||||||
Total | - | $ | - | 14 | $ | 5,149 | - | $ | - | ||||||||||||||||||||||||||||||||||||||||||||
Twelve Months Ended June 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Paid in full | Paying as restructured | Foreclosure/Default | |||||||||||||||||||||||||||||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||||||||||||||||||||||||||||
loans | Investment | loans | Investment | loans | Investment | ||||||||||||||||||||||||||||||||||||||||||||||||
Below market interest rate | 2 | $ | 164 | 2 | $ | 3,647 | - | $ | - | ||||||||||||||||||||||||||||||||||||||||||||
Extended payment terms | 1 | 329 | 1 | 249 | - | $ | - | ||||||||||||||||||||||||||||||||||||||||||||||
Total | 3 | $ | 493 | 3 | $ | 3,896 | - | $ | - | ||||||||||||||||||||||||||||||||||||||||||||
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 arms length 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: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||
June 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 17,247 | $ | 4,184 | |||||||||||||||||||||||||||||||||||||||||||||||||
Disbursements | 209 | 2,923 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments | (3,827 | ) | (1,803 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||
Ending balance | $ | 13,629 | $ | 5,304 | |||||||||||||||||||||||||||||||||||||||||||||||||
At June 30, 2014 and December 31, 2013, the Company had pre-approved but unused lines of credit totaling $2.7 million and $3.0 million, respectively, to related parties. |
Note_6_FDIC_Loss_Share_Agreeme
Note 6 - FDIC Loss Share Agreements | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||
Other Assets Disclosure [Text Block] | ' | ||||||||
Note 6 – FDIC Loss Share Agreements | |||||||||
In connection with the Citizens South Banking Corporation (“Citizens South”) acquisition, the Bank assumed two purchase and assumption agreements with the Federal Deposit Insurance Corporation (“FDIC”) that cover approximately $55.5 million and $71.1 million of covered loans as of June 30, 2014 and December 31, 2013, respectively, and $5.2 million and $5.1 million of covered other real estate owned (“OREO”) as of June 30, 2014 and December 31, 2013, respectively. Citizens South acquired these assets in prior transactions with the FDIC. | |||||||||
Within the first purchase and assumption agreement are two loss share agreements that 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 June 30, 2014 and December 31, 2013, the Bank recorded an estimated receivable from the FDIC in the amount of $4.9 million and $6.6 million, respectively, related to these loss share agreements. | |||||||||
Within the second purchase and assumption agreement are two loss share agreements that 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 occurred, 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 June 30, 2014 and December 31, 2013, the Bank recorded an estimated receivable from the FDIC in the amount of $2.1 million and $3.4 million, respectively, related to these loss share agreements. | |||||||||
The following table provides changes in the estimated receivable from the FDIC for the six months ended June 30, 2014 and 2013: | |||||||||
June 30, | |||||||||
2014 | 2013 | ||||||||
Balance, beginning of period | $ | 10,025 | $ | 18,697 | |||||
Increase (decrease) in expected losses on loans | (278 | ) | 297 | ||||||
Additional (gains) losses to OREO | (228 | ) | 232 | ||||||
Reimbursable expenses | 529 | 429 | |||||||
Amortization discounts and premiums, net | (859 | ) | (38 | ) | |||||
Reimbursements from the FDIC | (2,196 | ) | (5,236 | ) | |||||
Other changes, net | - | 467 | |||||||
Balance, end of period | $ | 6,993 | $ | 14,848 | |||||
The estimated receivable from the FDIC is measured separately from the related covered assets and is recorded at carrying value. At June 30, 2014 and December 31, 2013, the projected cash flows related to the FDIC receivable for losses on covered loans and assets were approximately $6.1 million and $11.5 million, respectively. | |||||||||
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 the Company to make a true-up payment to the FDIC if the realized losses of each of these acquired banks are less than expected. An estimate of this amount is determined each reporting period. At June 30, 2014 and December 31, 2013, the true-up amount was estimated to be approximately $5.3 million and $5.0 million, respectively, 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 | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||
Real Estate Owned [Text Block] | ' | ||||||||||||||||
Note 7 – Other Real Estate Owned | |||||||||||||||||
The Company owned $16.2 million and $14.5 million in OREO at June 30, 2014 and December 31, 2013, respectively. The portion of OREO covered under the loss share agreements with the FDIC at June 30, 2014 and December 31, 2013 totaled $5.2 million and $5.1 million, respectively. | |||||||||||||||||
Transactions in OREO for the three and six months ended June 30, 2014 and 2013 are summarized below: | |||||||||||||||||
Three months ended | Six months ended | ||||||||||||||||
June 30, | June 30, | June 30, | June 30, | ||||||||||||||
Non-Covered OREO | 2014 | 2013 | 2014 | 2013 | |||||||||||||
Beginning balance | $ | 8,874 | $ | 13,596 | $ | 9,404 | $ | 18,427 | |||||||||
Additions | 301 | 155 | 1,511 | 963 | |||||||||||||
Acquired through merger | 3,128 | - | 3,128 | - | |||||||||||||
Sales | (1,249 | ) | (3,763 | ) | (2,968 | ) | (9,342 | ) | |||||||||
Writedowns | (117 | ) | (247 | ) | (138 | ) | (307 | ) | |||||||||
Ending balance | $ | 10,937 | $ | 9,741 | $ | 10,937 | $ | 9,741 | |||||||||
Three months ended | Six months ended | ||||||||||||||||
June 30, | June 30, | June 30, | June 30, | ||||||||||||||
Covered OREO | 2014 | 2013 | 2014 | 2013 | |||||||||||||
Beginning balance | $ | 6,652 | $ | 7,655 | $ | 5,088 | $ | 6,646 | |||||||||
Additions | 1,432 | 967 | 3,769 | 3,316 | |||||||||||||
Sales | (2,831 | ) | (1,543 | ) | (3,579 | ) | (2,715 | ) | |||||||||
Writedowns | (19 | ) | (537 | ) | (44 | ) | (705 | ) | |||||||||
Ending balance | $ | 5,234 | $ | 6,542 | $ | 5,234 | $ | 6,542 | |||||||||
The following is a summary of information relating to analysis of OREO at June 30, 2014 and December 31, 2013: | |||||||||||||||||
June 30, | December 31, | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
Non-covered OREO: | |||||||||||||||||
Commercial and industrial | $ | 760 | $ | - | |||||||||||||
CRE - owner-occupied | 956 | 591 | |||||||||||||||
CRE - investor income producing | 2,213 | 2,933 | |||||||||||||||
AC&D - 1-4 family construction | 2,378 | 2,811 | |||||||||||||||
AC&D - lots, land & development | 2,509 | 1,448 | |||||||||||||||
Other commercial | 257 | 195 | |||||||||||||||
Residential mortgage | 1,021 | 704 | |||||||||||||||
HELOC | 143 | 124 | |||||||||||||||
Residential construction | 598 | 598 | |||||||||||||||
Other loans to individuals | 102 | - | |||||||||||||||
OREO covered by FDIC loss share agreements | 5,234 | 5,088 | |||||||||||||||
$ | 16,171 | $ | 14,492 | ||||||||||||||
Note_8_Subordinated_Debt
Note 8 - Subordinated Debt | 6 Months Ended |
Jun. 30, 2014 | |
Debt Disclosure [Abstract] | ' |
Debt Disclosure [Text Block] | ' |
Note 8 – Subordinated Debt | |
In September 2009, the Bank issued $6.9 million in aggregate principal amount of its 11% Subordinated Notes, due June 30, 2019 (the “Notes”). On June 30, 2014, the Bank redeemed these Notes at a price equal to 100% of the principal amount of the Notes redeemed plus accrued but unpaid interest. | |
As a result of the mergers with Community Capital, Citizens South and Provident Community the Company’s capital structure includes trust preferred securities previously issued by the predecessor companies through specially formed trusts. The combined total amount outstanding of the acquired trusts as of June 30, 2014 and December 31, 2013 was $38.1 million ($14.9 million, net of mark to market) and $25.8 million ($10.6 million, net of mark to market), respectively. | |
Community Capital previously had formed Community Capital Corporation Statutory Trust I, an unconsolidated statutory business trust, which issued $10.3 million ($4.2 million, net of mark to market) of trust preferred securities that were sold to third parties. The rate on the trust preferred securities acquired through the Community Capital merger adjusts quarterly to three-month LIBOR plus 1.55%. Citizens South had previously formed CSBC Statutory Trust I, an unconsolidated statutory business trust, which issued $15.5 million ($6.2 million, net of mark to market) of trust preferred securities that were sold to third parties. The rate on the trust preferred securities acquired through the Citizens South merger adjusts quarterly to three-month LIBOR plus 1.57%. | |
Provident Community had previously formed Provident Community Bancshares Capital Trust I and Provident Community Bancshares Capital Trust II. Each trust is an unconsolidated statutory business trust, which issued $4.1 million ($1.5 million, net of mark to market) and $8.2 million ($3.0 million, net of mark to market), respectively, of trust preferred securities that were sold to third parties. The rate on each of the trust preferred securities acquired through the Provident Community merger adjusts quarterly to three-month LIBOR plus 1.74%. | |
The amounts presented are after related acquisition accounting fair market value adjustments. The proceeds of the sales of the trust preferred securities were used to purchase junior subordinated debt from the predecessor companies, which are presented as long-term borrowings in the condensed consolidated balance sheets of the Company and qualify for inclusion in Tier 1 Capital for regulatory capital purposes, subject to certain limitations. |
Note_9_Income_Taxes
Note 9 - Income Taxes | 6 Months Ended |
Jun. 30, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Income Tax Disclosure [Text Block] | ' |
Note 9 – 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 June 30, 2014 and December 31, 2013, the Company had a net DTA in the amount of approximately $38.0 million and $36.3 million, respectively. The increase is primarily a function of fair market value adjustments related to the Provident Community merger, partially offset by earnings of $7.0 million during the first six months of 2014. The Company evaluates the carrying amount of the DTA on a quarterly basis in accordance with the guidance provided in FASB ASC Topic 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 generating a sufficient level of taxable income in future periods, which can be difficult to predict. In addition to projected earnings, the Company also considers projected asset quality, liquidity, its strong capital position, which could be leveraged to increase earning assets and generate taxable income, its growth plans and other relevant factors. Based on the weight of available evidence, the Company determined that as of June 30, 2014 and December 31, 2013 that it is more likely than not that it will be able to fully realize the existing DTA and therefore considered it appropriate not to establish a DTA valuation allowance at either June 30, 2014 or December 31, 2013. |
Note_10_Per_Share_Results
Note 10 - Per Share Results | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||||||
Note 10 - Per Share Results | |||||||||||||||||
Basic earnings per share represent income available to common shareholders divided by the weighted-average number of shares outstanding during the relevant period. 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 period 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 | Six Months Ended | ||||||||||||||||
June 30, | June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Weighted-average number of common shares outstanding excluding unvested restricted shares | 43,947,134 | 44,143,301 | 43,942,112 | 44,078,262 | |||||||||||||
Effect of dilutive stock options and unvested restricted shares | 266,668 | 61,280 | 297,993 | 59,233 | |||||||||||||
Weighted-average number of common shares and dilutive potential common shares outstanding | 44,213,802 | 44,204,581 | 44,240,105 | 44,137,495 | |||||||||||||
There were 1,970,670 outstanding options and 872,793 outstanding unvested restricted shares that were anti-dilutive for the three months ended June 30, 2014. There were 220,245 dilutive stock options and 46,423 dilutive unvested restricted shares outstanding for the three months ended June 30, 2014. | |||||||||||||||||
There were 2,760,090 outstanding options and 554,400 outstanding unvested restricted shares that were anti-dilutive for the three months ended June 30, 2013. There were 35,096 dilutive stock options and 26,184 dilutive unvested restricted shares outstanding for the three months ended June 30, 2013. | |||||||||||||||||
There were 1,956,625 outstanding options and 855,514 outstanding unvested restricted shares that were anti-dilutive for the six months ended June 30, 2014. There were 234,291 dilutive stock options and 63,702 dilutive unvested restricted shares outstanding for the six months ended June 30, 2014. | |||||||||||||||||
There were 2,790,090 outstanding options and 568,260 outstanding unvested restricted shares that were anti-dilutive for the six months ended June 30, 2013. There were 34,054 dilutive stock options and 25,179 dilutive unvested restricted shares outstanding for the six months ended June 30, 2013. | |||||||||||||||||
At June 30, 2014, 554,400 of the outstanding 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. These anti-dilutive restricted shares are issued (and thereby have voting rights), but are not included in basic earnings per share calculations until they vest (and thereby have economic rights). |
Note_11_Preferred_Stock
Note 11 - Preferred Stock | 6 Months Ended |
Jun. 30, 2014 | |
Disclosure Text Block Supplement [Abstract] | ' |
Preferred Stock [Text Block] | ' |
Note 11 – Preferred Stock | |
In connection with the Citizens South acquisition, the Company issued 20,500 shares of its 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 Small Business Lending Fund (“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. The Series C Preferred Stock, which had a liquidation value of $1,000 per share, was entitled to receive noncumulative dividends, payable quarterly, at a rate determined by reference to the level of “Qualified Small Business Lending”. |
Note_12_Commitments_and_Contin
Note 12 - Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies Disclosure [Text Block] | ' |
Note 12 - 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 June 30, 2014, we had $365.1 million of pre-approved but unused lines of credit, $3.2 million of standby letters of credit and $4.9 million of commercial letters of credit. At December 31, 2013, we had $279.5 million of pre-approved but unused lines of credit, $3.6 million of standby letters of credit and $1.9 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_13_Derivative_Financial_I
Note 13 - Derivative Financial Instruments and Hedging Activities | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ' | |||||||||||||||||||
Note 13 - Derivative Financial Instruments and Hedging Activities | ||||||||||||||||||||
The following table presents information on the Company’s swaps at June 30, 2014: | ||||||||||||||||||||
Individual Swap Information | ||||||||||||||||||||
Floating | ||||||||||||||||||||
Original | Current | Rate | ||||||||||||||||||
Notional | Notional | Termination | Fixed | Floating | Payer | Hedge | Type of | |||||||||||||
Amount | Amount | Date | Rate | Rate | Spread | Treatment | Hedge | |||||||||||||
$ | 2,555 | $ | 2,384 | 10/10/15 | 5.5 | % | USD-LIBOR-BBA | 2.88 | % | Yes | Fair Value | |||||||||
3,595 | 3,184 | 4/27/17 | 5.25 | % | USD-LIBOR-BBA | 2.73 | % | Yes | Fair Value | |||||||||||
3,269 | 3,269 | 4/1/19 | 4.45 | % | USD-LIBOR-BBA | 2.9 | % | Yes | Fair Value | |||||||||||
2,365 | 2,365 | 6/27/22 | 4.5 | % | USD-LIBOR-BBA | 2.25 | % | Yes | Fair Value | |||||||||||
12,500 | 12,500 | 12/31/18 | 1.688 | % | USD-Federal Funds-H15 | 0.25 | % | Yes | Cash Flow | |||||||||||
12,500 | 12,500 | 12/31/20 | 2.341 | % | USD-Federal Funds-H15 | 0.25 | % | Yes | Cash Flow | |||||||||||
25,000 | 25,000 | 12/31/20 | 3.104 | % | USD-Federal Funds-H15 | 0.25 | % | Yes | Cash Flow | |||||||||||
20,000 | 20,000 | 10/21/21 | 3.439 | % | USD-LIBOR-BBA | 0 | % | Yes | Cash Flow | |||||||||||
1,338 | 1,338 | 6/15/19 | 4.95 | % | USD-LIBOR-BBA | 2.75 | % | No | N/A | |||||||||||
2,600 | 2,600 | 3/15/21 | 4.34 | % | USD-LIBOR-BBA | 2.15 | % | No | N/A | |||||||||||
489 | 489 | 3/15/21 | 4.64 | % | USD-LIBOR-BBA | 2.15 | % | No | N/A | |||||||||||
$ | 86,211 | $ | 85,629 | |||||||||||||||||
At June 30, 2014, the Company had four loan swaps accounted for as fair value hedges in accordance with ASC 815, Derivatives and Hedging. The aggregate original notional amount of these loan swaps was $11.8 million. These derivative instruments are used to protect the Company from interest rate risk caused by changes in the London Interbank Offered Rate (“LIBOR”) curve in relation to certain designated fixed rate loans. 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 $(309) thousand and $(258) thousand at June 30, 2014 and December 31, 2013, 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 $45 thousand and $80 thousand in each of the three and six months ended June 30, 2014, and $39 thousand and $100 thousand in each of the three and six months ended June 30, 2013. | ||||||||||||||||||||
The Company entered into an interest rate swap agreement during October 2013 with a notional amount of $20.0 million. This derivative instrument is used to protect the Company from future interest rate risk on a portion of its floating rate FHLB borrowings. This derivative instrument is a $20.0 million three-year forward starting, five-year interest rate swap with an effective date of October 21, 2016. The instrument carries a fixed rate of 3.439% with quarterly payments commencing in January 2017. This derivative instrument is accounted for as a cash flow hedge with effective changes in fair market value recorded in other comprehensive income net of tax. This derivative instrument is carried at a fair market value of $(474) thousand and $298 thousand at June 30, 2014 and December 31, 2013, respectively, and is included in other liabilities at June 30, 2014 and other assets at December 31, 2013. As a result of the unfavorable position of the instrument at June 30, 2014, the Company posted collateral of approximately $360 thousand with the counterparty. | ||||||||||||||||||||
The Company entered into three interest rate swap agreements during December 2013 with an aggregate notional amount of $50.0 million. These derivative instruments are used to protect the Company from future interest rate risk related to a seven-year commitment of floating rate broker-dealer sweep accounts through a brokered deposit program. These derivative instruments are a combination of a $12.5 million forward starting, five-year interest rate swap; a $12.5 million forward starting, seven-year interest rate swap; and a $25.0 million two-year forward starting swap. Effective dates for these derivative instruments are January 2, 2014, January 2, 2014 and January 4, 2016, respectively. These instruments carry a fixed rate of 1.688% with monthly payments commencing February 3, 2014, a fixed rate of 2.341% with monthly payments commencing February 3, 2014, and a fixed rate of 3.104% with monthly payments commencing February 1, 2016, respectively. These derivative instruments are accounted for as cash flow hedges with effective changes in fair market value recorded in other comprehensive income net of tax. These derivative instruments are carried at a fair market value of $(868) thousand and $247 thousand at June 30, 2014 and December 31, 2013, respectively, and are included in other liabilities at June 30, 2014 and other assets at December 31, 2013. As a result of the unfavorable position of the instruments at June 30, 2014, the Company posted collateral of approximately $890 thousand with the counterparty. | ||||||||||||||||||||
The Company has entered into three interest rate swap agreements to convert certain fixed-rate receivables to floating rates and certain fixed-rate obligations to floating rates. To meet the needs of the Company’s customers, the Company has entered into certain swap agreements to convert variable rate loans receivable into fixed rates for the customer’s cash flow management needs. To offset this interest rate risk, the Company has entered into substantially identical agreements with a third party to swap these fixed rate agreements into variable rates. The interest rate swaps are used to provide fixed rate financing while managing interest rate risk and were not designated as hedges. The interest rate swaps pay and receive interest based on a floating rate based on one month LIBOR, with payments being calculated on the notional amount. The interest rate swaps are settled monthly, one maturing on June 15, 2019 and two maturing on March 15, 2021. The interest rate swaps had a notional amount of $4.4 million at June 30, 2014, representing the amount of fixed-rate receivables outstanding and liabilities outstanding, and are included in other assets and other liabilities at their fair values of $301 thousand. All changes in fair value are recorded as other income within non-interest income. Fair values for interest rate swap agreements are based upon the amounts required to settle the contracts. At June 30, 2014, there was no impact to earnings as the changes in the fair value of both the fixed and variable legs of the swap completely offset each other. |
Note_14_Accumulated_Other_Comp
Note 14 - Accumulated Other Comprehensive Income | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||
Comprehensive Income (Loss) Note [Text Block] | ' | ||||||||||||||||||||||||
Note 14 – Accumulated Other Comprehensive Income | |||||||||||||||||||||||||
The before and after tax amounts allocated to each component of other comprehensive income (loss) are presented in the following table. Reclassification adjustments related to securities available for sale are included in gain (loss) on sale of securities available for sale in the accompanying consolidated statements of income. | |||||||||||||||||||||||||
Three Months Ended | Three Months Ended | ||||||||||||||||||||||||
30-Jun-14 | 30-Jun-13 | ||||||||||||||||||||||||
Before Tax | Tax Expense (Benefit) | Net of Tax | Before Tax | Tax Expense (Benefit) | Net of Tax | ||||||||||||||||||||
Amount | Amount | Amount | Amount | ||||||||||||||||||||||
Securities available for sale and transferred securities: | |||||||||||||||||||||||||
Change in net unrealized gains (losses) during the period | $ | 5,667 | $ | 2,123 | $ | 3,544 | $ | (9,299 | ) | $ | (3,378 | ) | $ | (5,921 | ) | ||||||||||
Change in net unrealized loss on securities transferred to held to maturity | (2,209 | ) | (831 | ) | (1,378 | ) | - | - | - | ||||||||||||||||
Reclassification adjustment for net (gains) losses recognized in net income | 33 | 12 | 21 | (104 | ) | (49 | ) | (55 | ) | ||||||||||||||||
Total securities available for sale and transferred securities | 3,491 | 1,304 | 2,187 | (9,403 | ) | (3,427 | ) | (5,976 | ) | ||||||||||||||||
Derivatives: | |||||||||||||||||||||||||
Change in the accumulated loss on effective cash flow hedge derivatives | (965 | ) | (363 | ) | (602 | ) | - | - | - | ||||||||||||||||
Total derivatives | (965 | ) | (363 | ) | (602 | ) | - | - | - | ||||||||||||||||
Total other comprehensive income (loss) | $ | 2,526 | $ | 941 | $ | 1,585 | $ | (9,403 | ) | $ | (3,427 | ) | $ | (5,976 | ) | ||||||||||
Six Months Ended | Six Months Ended | ||||||||||||||||||||||||
30-Jun-14 | 30-Jun-13 | ||||||||||||||||||||||||
Before Tax Amount | Tax Expense (Benefit) | Net of Tax | Before Tax Amount | Tax Expense (Benefit) | Net of Tax | ||||||||||||||||||||
Amount | Amount | ||||||||||||||||||||||||
Securities available for sale and transferred securities: | |||||||||||||||||||||||||
Change in net unrealized gains (losses) during the period | $ | 9,022 | $ | 3,352 | $ | 5,670 | $ | (10,117 | ) | $ | (3,764 | ) | $ | (6,353 | ) | ||||||||||
Change in net unrealized loss on securities transferred to held to maturity | (2,209 | ) | (831 | ) | (1,378 | ) | - | - | - | ||||||||||||||||
Reclassification adjustment for net (gains) losses recognized in net income | (243 | ) | (92 | ) | (151 | ) | (104 | ) | (49 | ) | (55 | ) | |||||||||||||
Total securities available for sale and transferred securities | 6,570 | 2,429 | 4,141 | (10,221 | ) | (3,813 | ) | (6,408 | ) | ||||||||||||||||
Derivatives: | |||||||||||||||||||||||||
Change in the accumulated loss on effective cash flow hedge derivatives | (1,887 | ) | (707 | ) | (1,180 | ) | - | - | - | ||||||||||||||||
Total derivatives | (1,887 | ) | (707 | ) | (1,180 | ) | - | - | - | ||||||||||||||||
Total other comprehensive income (loss) | $ | 4,683 | $ | 1,722 | $ | 2,961 | $ | (10,221 | ) | $ | (3,813 | ) | $ | (6,408 | ) | ||||||||||
The following table presents activity in accumulated other comprehensive income (loss), net of tax, by component for the periods indicated. | |||||||||||||||||||||||||
Securities | Derivatives | Accumulated | |||||||||||||||||||||||
Available for | Other | ||||||||||||||||||||||||
Sale | Comprehensive Income (Loss) | ||||||||||||||||||||||||
Balance, January 1, 2014 | $ | (5,145 | ) | $ | 343 | $ | (4,802 | ) | |||||||||||||||||
Other comprehensive income (loss) before reclassifications | 4,291 | (1,180 | ) | 3,111 | |||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | (151 | ) | - | (151 | ) | ||||||||||||||||||||
Net other comprehensive income (loss) during the period | 4,141 | (1,180 | ) | 2,961 | |||||||||||||||||||||
Balance, June 30, 2014 | $ | (1,004 | ) | $ | (837 | ) | $ | (1,841 | ) | ||||||||||||||||
Balance, January 1, 2013 | $ | 3,198 | $ | - | $ | 3,198 | |||||||||||||||||||
Other comprehensive income (loss) before reclassifications | (6,353 | ) | - | (6,353 | ) | ||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | (55 | ) | - | (55 | ) | ||||||||||||||||||||
Net other comprehensive income (loss) during the period | (6,408 | ) | - | (6,408 | ) | ||||||||||||||||||||
Balance, June 30, 2013 | $ | (3,210 | ) | $ | - | $ | (3,210 | ) | |||||||||||||||||
Note_15_Fair_Value_Measurement
Note 15 - Fair Value Measurements | 6 Months Ended | ||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||||||||||
Note 15 - 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-earning balances at banks and Federal funds sold, approximate their fair value. | |||||||||||||||||||||
Investment Securities Available-for-sale and Investment Securities Held-to-Maturity -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 other than temporary declines in value. | |||||||||||||||||||||
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. | |||||||||||||||||||||
Loans, net of allowance - 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 values for the FDIC indemnification asset are 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 with 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 maturities, 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 Debt– The fair value of the fixed rate subordinated debt 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. | |||||||||||||||||||||
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 June 30, 2014 and December 31, 2013 are as follows: | |||||||||||||||||||||
Financial Instruments Carrying Amounts and Estimated Fair Values | |||||||||||||||||||||
Fair Value Measurements | |||||||||||||||||||||
Carrying | Estimated | Quoted Prices in Active Markets | Significant | Significant | |||||||||||||||||
for Identical | Other | Unobservable | |||||||||||||||||||
Assets or | Observable | Inputs | |||||||||||||||||||
Liabilities | Inputs | ||||||||||||||||||||
Amount | Fair Value | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
30-Jun-14 | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 69,020 | $ | 69,020 | $ | 69,020 | $ | - | $ | - | |||||||||||
Investment securities available-for-sale | 349,532 | 349,532 | 1,809 | 347,723 | - | ||||||||||||||||
Investment securities held-to-maturity | 119,302 | 120,079 | - | 120,079 | - | ||||||||||||||||
Nonmarketable equity securities | 5,906 | 5,906 | - | 5,906 | - | ||||||||||||||||
Loans held for sale | 6,388 | 6,388 | - | 6,388 | - | ||||||||||||||||
Loans, net of allowance | 1,464,483 | 1,398,541 | - | 9,146 | 1,389,395 | ||||||||||||||||
FDIC indemnification asset | 6,993 | 6,993 | - | - | 6,993 | ||||||||||||||||
Accrued interest receivable | 4,507 | 4,507 | - | 4,507 | - | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits with no stated maturity | 1,273,936 | 1,273,936 | - | 1,273,936 | - | ||||||||||||||||
Deposits with stated maturities | 588,771 | 591,226 | - | 591,226 | - | ||||||||||||||||
Swap fair value hedge | 309 | 309 | - | 309 | - | ||||||||||||||||
Interest rate swaps | 1,643 | 1,643 | - | 1,643 | - | ||||||||||||||||
Borrowings | 86,819 | 86,314 | - | 86,314 | - | ||||||||||||||||
Accrued interest payable | 391 | 391 | - | 391 | - | ||||||||||||||||
December 31, 2013: | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 55,067 | $ | 55,067 | $ | 55,067 | $ | - | $ | - | |||||||||||
Investment securities available-for-sale | 349,491 | 349,491 | 1,906 | 347,585 | - | ||||||||||||||||
Investment securities held-to-maturity | 51,972 | 51,334 | - | 51,334 | - | ||||||||||||||||
Nonmarketable equity securities | 5,905 | 5,905 | - | 5,905 | - | ||||||||||||||||
Loans held for sale | 2,430 | 2,430 | - | 2,430 | - | ||||||||||||||||
Loans, net of allowance | 1,286,977 | 1,267,349 | - | 5,884 | 1,261,465 | ||||||||||||||||
FDIC indemnification asset | 10,025 | 10,025 | - | - | 10,025 | ||||||||||||||||
Interest rate swaps | 545 | 545 | - | 545 | - | ||||||||||||||||
Accrued interest receivable | 4,222 | 4,222 | - | 4,222 | - | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits with no stated maturity | 1,055,457 | 1,055,457 | - | 1,055,457 | - | ||||||||||||||||
Deposits with stated maturities | 544,428 | 545,111 | - | 545,111 | - | ||||||||||||||||
Swap fair value hedge | 258 | 258 | - | 258 | - | ||||||||||||||||
Borrowings | 78,048 | 77,899 | - | 77,899 | - | ||||||||||||||||
Accrued interest payable | 412 | 412 | - | 412 | - | ||||||||||||||||
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, United States 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. | |||||||||||||||||||||
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 June 30, 2014 and December 31, 2013, the Company’s derivative instruments consist of interest rate swaps and 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. | |||||||||||||||||||||
At June 30, 2014 and December 31, 2013, substantially all of the total impaired loans were evaluated based on the fair value of the collateral. The Company records the five 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 June 30, 2014 and December 31, 2013 measured at fair value on a recurring basis: | |||||||||||||||||||||
Fair Value on a Recurring Basis | |||||||||||||||||||||
Quoted Prices in | Significant | ||||||||||||||||||||
Active Markets for | Other | Significant | |||||||||||||||||||
Identical Assets | Observable Inputs | Unobservable Inputs | Assets/(Liabilities) | ||||||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | at Fair Value | |||||||||||||||||
30-Jun-14 | |||||||||||||||||||||
U.S. Government agencies | $ | - | $ | 549 | $ | - | $ | 549 | |||||||||||||
Municipal securities | - | 12,801 | - | 12,801 | |||||||||||||||||
Residential agency pass-through securities | - | 105,691 | - | 105,691 | |||||||||||||||||
Residential collateralized mortgage obligations | - | 139,836 | - | 139,836 | |||||||||||||||||
Commercial mortgage-backed obligations | - | 4,893 | - | 4,893 | |||||||||||||||||
Asset-backed securities | - | 76,661 | - | 76,661 | |||||||||||||||||
Corporate and other securities | - | 7,292 | - | 7,292 | |||||||||||||||||
All other equity securities | 1,809 | - | - | 1,809 | |||||||||||||||||
Interest rate swaps | - | (1,643 | ) | - | (1,643 | ) | |||||||||||||||
Fair value loans | - | 9,146 | - | 9,146 | |||||||||||||||||
Swap fair value hedge | - | (309 | ) | - | (309 | ) | |||||||||||||||
31-Dec-13 | |||||||||||||||||||||
U.S. Government agencies | $ | - | $ | 558 | $ | - | $ | 558 | |||||||||||||
Municipal securities | - | 16,506 | - | 16,506 | |||||||||||||||||
Residential agency pass-through securities | - | 90,248 | - | 90,248 | |||||||||||||||||
Residential collateralized mortgage obligations | - | 103,349 | - | 103,349 | |||||||||||||||||
Commercial mortgage-backed obligations | - | 61,402 | - | 61,402 | |||||||||||||||||
Asset-backed securities | - | 71,077 | - | 71,077 | |||||||||||||||||
Corporate and other securities | - | 4,445 | - | 4,445 | |||||||||||||||||
All other equity securities | 1,906 | - | - | 1,906 | |||||||||||||||||
Interest rate swaps | - | 545 | - | 545 | |||||||||||||||||
Fair value loans | - | 5,884 | - | 5,884 | |||||||||||||||||
Swap fair value hedge | - | (258 | ) | - | (258 | ) | |||||||||||||||
There were no transfers between valuation levels for any accounts during the six months ended June 30, 2014. At December 31, 2013, the Company transferred its corporate debt security investment from Level 3 to Level 2. In December 2013, the Company received notice that this corporate debt security would be satisfied at its book value in January 2014. The full book value of this security was received on January 31, 2014. At June 30, 2014, the Company had no Level 3 assets measured at fair value on a recurring basis. 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. | |||||||||||||||||||||
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 following table sets forth by level, within the fair value hierarchy, the Company’s assets at fair value on a nonrecurring basis at June 30, 2014 and December 31, 2013: | |||||||||||||||||||||
Fair Value on a Nonrecurring Basis | |||||||||||||||||||||
Quoted Prices | |||||||||||||||||||||
in Active | Significant | ||||||||||||||||||||
Markets for | Other | Significant | |||||||||||||||||||
Identical | Observable | Unobservable | Assets/ | ||||||||||||||||||
Assets | Inputs | Inputs | (Liabilities) | ||||||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | at Fair Value | |||||||||||||||||
30-Jun-14 | |||||||||||||||||||||
OREO | $ | - | $ | - | $ | 4,589 | $ | 4,589 | |||||||||||||
Impaired loans: | |||||||||||||||||||||
Commercial and industrial | - | - | 40 | 40 | |||||||||||||||||
CRE - owner-occupied | - | - | 87 | 87 | |||||||||||||||||
CRE - investor income producing | - | - | 243 | 243 | |||||||||||||||||
AC&D - 1-4 family construction | - | - | 79 | 79 | |||||||||||||||||
AC&D - lots, land & development | - | - | 40 | 40 | |||||||||||||||||
Other commercial | - | - | 121 | 121 | |||||||||||||||||
Residential mortgage | - | - | 82 | 82 | |||||||||||||||||
HELOC | - | - | 1,237 | 1,237 | |||||||||||||||||
Residential construction | - | - | 390 | 390 | |||||||||||||||||
Other loans to individuals | - | - | 54 | 54 | |||||||||||||||||
31-Dec-13 | |||||||||||||||||||||
OREO | $ | - | $ | - | $ | 9,085 | $ | 9,085 | |||||||||||||
Impaired loans: | |||||||||||||||||||||
Commercial and industrial | - | - | 69 | 69 | |||||||||||||||||
CRE - owner-occupied | - | - | 73 | 73 | |||||||||||||||||
CRE - investor income producing | - | - | 2,659 | 2,659 | |||||||||||||||||
Other commercial | - | - | 93 | 93 | |||||||||||||||||
Residential mortgage | - | - | 510 | 510 | |||||||||||||||||
HELOC | - | - | 184 | 184 | |||||||||||||||||
Residential construction | - | - | 34 | 34 | |||||||||||||||||
Other loans to individuals | - | - | 1 | 1 | |||||||||||||||||
The table below presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a nonrecurring basis at June 30, 2014. | |||||||||||||||||||||
Weighted | |||||||||||||||||||||
Fair Value | Valuation Methodology | Unobservable Inputs | Range of Inputs | Average Discount | |||||||||||||||||
OREO | $ | 4,589 | Appraisals | Discount to reflect current market conditions | 0% - 55% | 19.49 | % | ||||||||||||||
Impaired loans | 33 | Discounted cash flows | Percent of total contractual cash flows not expected to be collected | 0% - 50% | 17.93 | % | |||||||||||||||
894 | Probability of default model | Discount to reflect probability and loss given default | 0% - 100% | 16.21 | % | ||||||||||||||||
1,446 | Collateral based measurements | Discount to reflect current market conditions and ultimate collectability | 0% - 60% | 27.81 | % | ||||||||||||||||
$ | 6,962 | ||||||||||||||||||||
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 June 30, 2014, OREO with a carrying value of $1.0 million was written down by $136 thousand to $0.9 million. During the six months ended June 30, 2014, OREO with a carrying value of $2.0 million was written down by $182 thousand to $1.8 million. During the three months ended June 30, 2013, OREO with a carrying value of $4.7 million was written down by $784 thousand to $4 million. During the six months ended June 30, 2013, OREO with a carrying value of $6.5 million was written down by $1.0 million to $5.5 million. |
Note_16_Shareholders_Equity
Note 16 - Shareholders' Equity | 6 Months Ended | ||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||||||||||||||||||
Stockholders' Equity Note Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||
Note 16 – Shareholders’ Equity | |||||||||||||||||||||||||||||
Share-Based Plans | |||||||||||||||||||||||||||||
The Company maintains share-based plans for directors and employees. During 2010, the Board of Directors of the Bank adopted and shareholders approved the Park Sterling Bank 2010 Stock Option Plan for Directors and the Park Sterling Bank 2010 Employee Stock Option Plan (the “2010 Option Plans”), which provided for an aggregate of 1,859,550 shares of Common Stock reserved for the granting of options. The 2010 Plans were substantially similar to the 2006 option plans for directors and employees, which provided for an aggregate of 990,000 of shares of Common Stock reserved for options. Upon effectiveness of the holding company reorganization on January 1, 2011, the Company assumed all outstanding options under the 2010 Plans and the 2006 plans, and the Company’s Common Stock was substituted as the stock issuable upon the exercise of options under these plans. As a result, there will be no further awards under the 2010 Plans. At June 30, 2014, there were options to purchase 1,895,210 shares of Common Stock outstanding under the 2010 Option Plans and the 2006 option plans. | |||||||||||||||||||||||||||||
Also during 2010, the Board of Directors of the Company adopted and shareholders approved the Park Sterling Corporation 2010 Long-Term Incentive Plan for directors and employees ( the “2010 LTIP”), which was effective upon the holding company reorganization and replaced the 2010 Plans. The 2010 LTIP provides for an aggregate of 1,016,400 of shares of Common Stock reserved for issuance to employees and directors in connection with stock options, restricted stock awards, and other stock-based awards. At June 30, 2014, there were options to purchase 119,173 shares of Common Stock and 775,966 nonvested restricted stock awards outstanding under the 2010 LTIP. The 2010 LTIP was frozen upon effectiveness of the Company’s 2014 Long Term Incentive Plan (described below), and no future awards may be made thereunder. | |||||||||||||||||||||||||||||
In March 2014, the Board of Directors of the Company adopted and in May 2014 shareholders approved the Park Sterling Corporation 2014 Long-Term Incentive Plan for directors and employees (the “2014 LTIP”), which replaced the 2010 LTIP. An aggregate of 1,000,000 of shares of Common Stock, plus any shares subject to an award granted under the 2010 LTIP that was outstanding on March 26, 2014 that may expire, be forfeited or otherwise terminate unexercised, have been reserved for issuance to employees and directors under the 2014 LTIP in connection with stock options, restricted stock awards, and other stock-based awards. The 2014 LTIP will expire on May 23, 2024 and no awards may be made after that date. At June 30, 2014, there 143,250 nonvested restricted stock awards outstanding under the 2014 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 could grant 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. Stock options and SARS are evidenced by an award agreement that specifies, as applicable, the number of shares, date of grant, exercise price, vesting period and expiration date, and other information. Awards under the 2008 Citizens South Plan have an exercise price at least equal to the fair market value of the Common Stock on the grant date, cannot be exercised more than 10 years after the grant date and generally expire or are forfeited upon termination of employment prior to the end of the award term, except in limited circumstances such as death, disability, retirement or change in control. At June 30, 2014, there were options to purchase 163,161 shares of Common Stock outstanding under the 2008 Citizens South Plan. The 2008 Citizens South Plan was frozen upon effectiveness of the 2014 LTIP, and no future awards may be made thereunder. | |||||||||||||||||||||||||||||
The 2003 Citizens South Plan and the 1999 Citizens South Plan are no longer active plans and no future awards can be granted thereunder. At June 30, 2014, there were options to purchase 12,431 shares of Common Stock outstanding under the 2003 Citizens South Plan, and there were options to purchase 942 shares of Common Stock outstanding under the 1999 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 June 30, 2014 under these plans ranges from $3.04 to $15.45 and the average exercise price was $7.41. 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, which are generally three years. All unexercised options expire ten years after the date of the grant. | |||||||||||||||||||||||||||||
As contemplated during the Public Offering, in 2011 the Company awarded certain stock price performance-based restricted shares to officers and directors following the holding company reorganization. During 2013, 13,860 stock price performance-based restricted shares were forfeited, and there were 554,400 stock price performance-based restricted shares outstanding at June 30, 2014. These 554,400 shares vest one-third each when the Company’s stock price per share reaches the following performance thresholds for 30 consecutive trading days: (i) 125% of offer price ($8.13); (ii) 140% of offer price ($9.10); and (iii) 160% of offer price ($10.40). These anti-dilutive restricted shares are issued (and thereby have voting rights), but are not included in earnings per share calculations until they vest (and thereby have economic rights). | |||||||||||||||||||||||||||||
Activity in the Company’s share-based plans is summarized in the following table: | |||||||||||||||||||||||||||||
Outstanding Options | Nonvested Restricted Shares | ||||||||||||||||||||||||||||
Weighted | |||||||||||||||||||||||||||||
Weighted | Average | Weighted | |||||||||||||||||||||||||||
Average | Contractual | Average | Aggregate | ||||||||||||||||||||||||||
Number | Exercise | Term | Intrinsic | Number | Grant Date | Intrinsic | |||||||||||||||||||||||
Outstanding | Price | (Years) | Value | Outstanding | Fair Value | Value | |||||||||||||||||||||||
At December 31, 2013 | 2,225,551 | $ | 7.35 | 5.65 | $ | - | 770,399 | $ | 4.35 | $ | 5,315 | ||||||||||||||||||
Options granted | 17,500 | 6.7 | - | - | - | - | - | ||||||||||||||||||||||
Restricted shares granted | - | - | - | - | 220,650 | 6.51 | 1,454 | ||||||||||||||||||||||
Options exercised | (39,451 | ) | 4.55 | - | - | - | - | - | |||||||||||||||||||||
Restricted shares vested | - | - | - | - | (66,500 | ) | 5.28 | 438 | |||||||||||||||||||||
Expired and forfeited | (12,683 | ) | 9.06 | - | - | (3,333 | ) | 5.53 | 35 | ||||||||||||||||||||
At June 30, 2014 | 2,190,917 | $ | 7.39 | 5.19 | $ | 491 | 921,216 | $ | 4.79 | $ | 6,058 | ||||||||||||||||||
Exercisable at June 30, 2014 | 2,162,583 | $ | 7.41 | 5.14 | |||||||||||||||||||||||||
The fair value of each option award is estimated on the date of grant using the Black-Scholes option pricing model. The average fair value per share of options granted in the first half of 2014 was $6.70. Assumptions used for grants were as follows. There were no stock options granted during the six-month period ended June 30, 2013. | |||||||||||||||||||||||||||||
Assumptions in Estimating Option Values | |||||||||||||||||||||||||||||
Weighted-average volatility | 38.60% | - | 39.00% | ||||||||||||||||||||||||||
Expected dividend yield | 1.21% | ||||||||||||||||||||||||||||
Risk-free interest rate | 2.22% | ||||||||||||||||||||||||||||
Expected life (years) | 7 | ||||||||||||||||||||||||||||
At June 30, 2014, unrecognized compensation cost related to nonvested stock options of $55 thousand is expected to be recognized over a weighted-average period of 1.21 years. Total compensation expense for stock options was $8 thousand and $321 thousand for the three months ended June 30, 2014 and 2013, respectively, and $26 thousand and $644 thousand for the six months ended June 30, 2014 and 2013, respectively. | |||||||||||||||||||||||||||||
At June 30, 2014, unrecognized compensation cost related to nonvested restricted shares of $2.1 million is expected to be recognized over a weighted-average period of 1.05 years. Total compensation expense for restricted shares was $277 thousand and $217 thousand for the three months ended June 30, 2014 and 2013, respectively, and $505 thousand and $419 thousand for the six months ended June 30, 2014 and 2013, respectively. |
Note_17_Subsequent_Event
Note 17 - Subsequent Event | 6 Months Ended |
Jun. 30, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
Note 17 – Subsequent Event | |
Dividend Declaration | |
On July 23, 2014, the Company announced that its Board of Directors has declared a quarterly dividend of $0.02 per common share, payable on August 20, 2014 to all common shareholders of record as of the close of business on August 6, 2014. |
Note_3_Business_Combinations_a1
Note 3 - Business Combinations and Goodwill (Tables) | 6 Months Ended | ||||||||||||
Jun. 30, 2014 | |||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | ' | ||||||||||||
As Recorded | Fair Value and Other | ||||||||||||
by | Merger Related | As Recorded | |||||||||||
Provident | Adjustments | by the Company | |||||||||||
Consideration Paid | |||||||||||||
Cash | $ | 1,397 | |||||||||||
Fair value of noncontrolling interest | 5,096 | ||||||||||||
Fair Value of Total Consideration Transferred | $ | 6,493 | |||||||||||
Recognized amounts of identifiable assets acquired and liabilities assumed: | |||||||||||||
Cash and cash equivalents | $ | 65,538 | $ | - | $ | 65,538 | |||||||
Securities | 124,035 | - | 124,035 | ||||||||||
Nonmarketable equity securities | 2,948 | - | 2,948 | ||||||||||
Loans held for sale | 390 | - | 390 | ||||||||||
Loans, net of allowance | 112,412 | (8,034 | ) | 104,378 | |||||||||
Premises and equipment | 3,150 | 32 | 3,182 | ||||||||||
Core deposit intangibles | - | 3,600 | 3,600 | ||||||||||
Interest receivable | 748 | (3 | ) | 745 | |||||||||
Other real estate owned | 3,666 | (538 | ) | 3,128 | |||||||||
Bank owned life insurance | 8,536 | - | 8,536 | ||||||||||
Deferred tax asset | 1,628 | 5,210 | 6,838 | ||||||||||
Other assets | 1,438 | (208 | ) | 1,230 | |||||||||
Total assets acquired | $ | 324,489 | $ | 59 | $ | 324,548 | |||||||
Deposits | $ | 264,281 | $ | 177 | $ | 264,458 | |||||||
Federal Home Loan Bank advances | 37,500 | 3,915 | 41,415 | ||||||||||
Junior Subordinated Debt | 12,372 | (4,558 | ) | 7,814 | |||||||||
Short term borrowings | 4,760 | - | 4,760 | ||||||||||
Other liabilities | 2,087 | 925 | 3,012 | ||||||||||
Total liabilities assumed | $ | 321,000 | $ | 459 | $ | 321,459 | |||||||
Total identifiable assets | $ | 3,489 | $ | (400 | ) | $ | 3,089 | ||||||
Goodwill resulting from acquisition | $ | 3,404 | |||||||||||
Business Acquisition, Pro Forma Information [Table Text Block] | ' | ||||||||||||
Actual Since | |||||||||||||
Acquisition | Pro Forma | Pro Forma | |||||||||||
Through | Six Months Ended | Six Months Ended | |||||||||||
30-Jun-14 | 30-Jun-14 | 30-Jun-13 | |||||||||||
Total revenues (net interest income plus other income) | $ | 1,132 | $ | 45,836 | $ | 47,752 | |||||||
Net income | $ | 158 | $ | 3,799 | $ | 5,020 |
Note_4_Investment_Securities_T
Note 4 - Investment Securities (Tables) | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Investment [Table Text Block] | ' | ||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||||||||
30-Jun-14 | |||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. Government agencies | $ | 511 | $ | 38 | $ | - | $ | 549 | |||||||||||||||||
Municipal securities | 11,963 | 838 | - | 12,801 | |||||||||||||||||||||
Residential agency pass-through securities | 104,128 | 1,712 | (149 | ) | 105,691 | ||||||||||||||||||||
Residential collateralized mortgage obligations | 140,740 | 576 | (1,480 | ) | 139,836 | ||||||||||||||||||||
Commercial mortgage-backed securities | 5,033 | - | (140 | ) | 4,893 | ||||||||||||||||||||
Asset-backed securities | 78,026 | 4 | (1,369 | ) | 76,661 | ||||||||||||||||||||
Corporate and other securities | 7,279 | 13 | - | 7,292 | |||||||||||||||||||||
Equity securities | 1,250 | 559 | - | 1,809 | |||||||||||||||||||||
Total securities available-for-sale | $ | 348,930 | $ | 3,740 | $ | (3,138 | ) | $ | 349,532 | ||||||||||||||||
Securities held-to-maturity: | |||||||||||||||||||||||||
Residential agency pass-through securities | $ | 46,061 | $ | 786 | $ | - | $ | 46,847 | |||||||||||||||||
Residential collateralized mortgage obligations | 8,843 | 61 | - | 8,904 | |||||||||||||||||||||
Commercial mortgage-backed securities | 58,475 | 63 | (2 | ) | 58,536 | ||||||||||||||||||||
Asset-backed securities | 5,923 | - | (131 | ) | 5,792 | ||||||||||||||||||||
Total securities held-to-maturity | $ | 119,302 | $ | 910 | $ | (133 | ) | $ | 120,079 | ||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. Government agencies | $ | 513 | $ | 45 | $ | - | $ | 558 | |||||||||||||||||
Municipal securities | 15,826 | 680 | - | 16,506 | |||||||||||||||||||||
Residential agency pass-through securities | 90,043 | 741 | (536 | ) | 90,248 | ||||||||||||||||||||
Residential collateralized mortgage obligations | 105,667 | 51 | (2,369 | ) | 103,349 | ||||||||||||||||||||
Commercial mortgage-backed securities | 66,396 | - | (4,994 | ) | 61,402 | ||||||||||||||||||||
Asset-backed securities | 73,369 | 1 | (2,293 | ) | 71,077 | ||||||||||||||||||||
Corporate and other securities | 4,461 | - | (16 | ) | 4,445 | ||||||||||||||||||||
Equity securities | 1,393 | 513 | - | 1,906 | |||||||||||||||||||||
Total securities available-for-sale | $ | 357,668 | $ | 2,031 | $ | (10,208 | ) | $ | 349,491 | ||||||||||||||||
Securities held-to-maturity: | |||||||||||||||||||||||||
Residential agency pass-through securities | $ | 41,125 | $ | - | $ | (392 | ) | $ | 40,733 | ||||||||||||||||
Residential collateralized mortgage obligations | 4,982 | - | (74 | ) | 4,908 | ||||||||||||||||||||
Asset-backed securities | 5,865 | - | (172 | ) | 5,693 | ||||||||||||||||||||
Total securities held-to-maturity | $ | 51,972 | $ | - | $ | (638 | ) | $ | 51,334 | ||||||||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] | ' | ||||||||||||||||||||||||
30-Jun-14 | |||||||||||||||||||||||||
Amortized | Fair | ||||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
U.S. Government agencies | |||||||||||||||||||||||||
Due after one year through five years | $ | 511 | $ | 549 | |||||||||||||||||||||
Municipal securities | |||||||||||||||||||||||||
Due after ten years | 11,963 | 12,801 | |||||||||||||||||||||||
Residential agency pass-through securities | |||||||||||||||||||||||||
Due after five years through ten years | 19,464 | 19,783 | |||||||||||||||||||||||
Due after ten years | 84,664 | 85,908 | |||||||||||||||||||||||
Residential collateralized mortgage obligations | |||||||||||||||||||||||||
Due after ten years | 140,740 | 139,836 | |||||||||||||||||||||||
Commercial mortgage-backed obligations | |||||||||||||||||||||||||
Due after five years through ten years | 5,033 | 4,892 | |||||||||||||||||||||||
Asset-backed securities | |||||||||||||||||||||||||
Due after ten years | 78,026 | 76,661 | |||||||||||||||||||||||
Corporate and other securities | |||||||||||||||||||||||||
Due after five years through ten years | 3,961 | 3,975 | |||||||||||||||||||||||
Due after ten years | 3,318 | 3,318 | |||||||||||||||||||||||
Equity securities | |||||||||||||||||||||||||
Due after ten years | 1,250 | 1,809 | |||||||||||||||||||||||
Total securities available-for-sale | $ | 348,930 | $ | 349,532 | |||||||||||||||||||||
Securities held-to-maturity: | |||||||||||||||||||||||||
Residential agency pass-through securities | |||||||||||||||||||||||||
Due after ten years | $ | 46,061 | $ | 46,847 | |||||||||||||||||||||
Residential collateralized mortgage obligations | |||||||||||||||||||||||||
Due after ten years | 8,843 | 8,904 | |||||||||||||||||||||||
Commercial mortgage-backed obligations | |||||||||||||||||||||||||
Due after five years through ten years | 58,475 | 58,536 | |||||||||||||||||||||||
Asset-backed securities | |||||||||||||||||||||||||
Due after ten years | 5,923 | 5,792 | |||||||||||||||||||||||
Total securities held-to-maturity | $ | 119,302 | $ | 120,079 | |||||||||||||||||||||
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 | ||||||||||||||||||||
30-Jun-14 | |||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
Residential agency pass-through securities | $ | 5,841 | $ | (6 | ) | $ | 8,295 | $ | (143 | ) | $ | 14,136 | $ | (149 | ) | ||||||||||
Residential collateralized mortgage obligations | 33,369 | (239 | ) | 43,214 | (1,241 | ) | 76,583 | (1,480 | ) | ||||||||||||||||
Commercial mortgage-backed securities | - | - | 4,892 | (140 | ) | 4,892 | (140 | ) | |||||||||||||||||
Asset-backed securities | 24,164 | (270 | ) | 32,516 | (1,099 | ) | 56,680 | (1,369 | ) | ||||||||||||||||
Total temporarily impaired available-for-sale securities | $ | 63,374 | $ | (515 | ) | $ | 88,917 | $ | (2,623 | ) | $ | 152,291 | $ | (3,138 | ) | ||||||||||
Securities held-to-maturity: | |||||||||||||||||||||||||
Commercial mortgage-backed securities | $ | - | $ | - | $ | 3,055 | $ | (2 | ) | $ | 3,055 | $ | (2 | ) | |||||||||||
Asset-backed securities | 5,792 | (131 | ) | - | - | 5,792 | (131 | ) | |||||||||||||||||
Total temporarily impaired held-to-maturity securities | $ | 5,792 | $ | (131 | ) | $ | 3,055 | $ | (2 | ) | $ | 8,847 | $ | (133 | ) | ||||||||||
31-Dec-13 | |||||||||||||||||||||||||
Securities available-for-sale: | |||||||||||||||||||||||||
Residential agency pass-through securities | $ | 32,674 | $ | (536 | ) | $ | - | $ | - | $ | 32,674 | $ | (536 | ) | |||||||||||
Residential collateralized mortgage obligations | 55,856 | (1,687 | ) | 18,167 | (682 | ) | 74,023 | (2,369 | ) | ||||||||||||||||
Commercial mortgage-backed securities | 42,391 | (3,247 | ) | 19,011 | (1,747 | ) | 61,402 | (4,994 | ) | ||||||||||||||||
Asset-backed securities | 56,106 | (2,236 | ) | 4,986 | (57 | ) | 61,092 | (2,293 | ) | ||||||||||||||||
Corporate and other securities | 3,945 | (16 | ) | - | - | 3,945 | (16 | ) | |||||||||||||||||
Total temporarily impaired available-for-sale securities | $ | 190,972 | $ | (7,722 | ) | $ | 42,164 | $ | (2,486 | ) | $ | 233,136 | $ | (10,208 | ) | ||||||||||
Securities held-to-maturity: | |||||||||||||||||||||||||
Residential agency pass-through securities | $ | 40,733 | $ | (392 | ) | $ | - | $ | - | $ | 40,733 | $ | (392 | ) | |||||||||||
Residential collateralized mortgage obligations | 4,908 | (74 | ) | - | - | 4,908 | (74 | ) | |||||||||||||||||
Asset-backed securities | 5,693 | (172 | ) | - | - | 5,693 | (172 | ) | |||||||||||||||||
Total temporarily impaired held-to-maturity securities | $ | 51,334 | $ | (638 | ) | $ | - | $ | - | $ | 51,334 | $ | (638 | ) |
Note_5_Loans_and_Allowance_for1
Note 5 - Loans and Allowance for Loan Losses (Tables) | 6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Jun. 30, 2014 | Jun. 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-Jun-14 | 31-Dec-13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PCI loans | All other loans | Total | PCI loans | All other loans | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 7,097 | $ | 135,876 | $ | 142,973 | $ | 5,737 | $ | 116,663 | $ | 122,400 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial real estate (CRE) - owner-occupied | 32,445 | 275,069 | 307,514 | 35,760 | 231,821 | 267,581 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 56,071 | 401,437 | 457,508 | 56,996 | 325,191 | 382,187 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | - | 28,549 | 28,549 | - | 19,959 | 19,959 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land & development | 22,115 | 40,573 | 62,688 | 22,699 | 42,890 | 65,589 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | 117 | 43,484 | 43,601 | 121 | 56,638 | 56,759 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | 2,222 | 4,358 | 6,580 | 137 | 3,712 | 3,849 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial loans | 120,067 | 929,346 | 1,049,413 | 121,450 | 796,874 | 918,324 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 31,518 | 163,334 | 194,852 | 32,826 | 140,550 | 173,376 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Home equity lines of credit (HELOC) | 1,850 | 152,071 | 153,921 | 1,402 | 142,352 | 143,754 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 8,666 | 40,237 | 48,903 | 6,920 | 33,901 | 40,821 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 1,112 | 23,954 | 25,066 | 1,189 | 17,606 | 18,795 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans | 43,146 | 379,596 | 422,742 | 42,337 | 334,409 | 376,746 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans | 163,213 | 1,308,942 | 1,472,155 | 163,787 | 1,131,283 | 1,295,070 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred costs | - | 1,506 | 1,506 | - | 738 | 738 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans, net of deferred costs | $ | 163,213 | $ | 1,310,448 | $ | 1,473,661 | $ | 163,787 | $ | 1,132,021 | $ | 1,295,808 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | CRE - owner-occupied | CRE - investor income producing | AC&D | AC&D - 1-4 family construction | AC&D - lots, land & development | AC&D - CRE | Other commercial | Residential mortgage | HELOC | Residential construction | Other loans to individuals | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the three months ended June 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 1,547 | $ | 431 | $ | 1,550 | $ | - | $ | 754 | $ | 1,580 | $ | 222 | $ | 26 | $ | 573 | $ | 1,408 | $ | 382 | $ | 80 | $ | 8,553 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision for loan losses | 162 | (209 | ) | (137 | ) | - | 412 | (493 | ) | 1 | 25 | (212 | ) | 356 | 238 | 22 | 165 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | - | - | - | - | (15 | ) | - | - | - | (52 | ) | (332 | ) | - | (12 | ) | (411 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | 64 | 251 | 12 | - | 64 | 359 | - | - | 63 | 20 | 31 | 7 | 871 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net charge-offs | 64 | 251 | 12 | - | 49 | 359 | - | - | 11 | (312 | ) | 31 | (5 | ) | 460 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, end of period | $ | 1,773 | $ | 473 | $ | 1,425 | $ | - | $ | 1,215 | $ | 1,446 | $ | 223 | $ | 51 | $ | 372 | $ | 1,452 | $ | 651 | $ | 97 | $ | 9,178 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
PCI Impairment Allowance for Loan Losses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | - | $ | - | $ | 518 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 1 | $ | 1 | $ | 3 | $ | 523 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
PCI Impairment charge-offs | - | - | - | - | - | - | - | - | - | (1 | ) | - | - | (1 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PCI impairment recoveries | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net PCI impairment charge-offs | - | - | - | - | - | - | - | - | - | (1 | ) | - | - | (1 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PCI provision for loan losses | - | - | (517 | ) | - | - | - | - | - | - | - | (1 | ) | (3 | ) | (521 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Benefit attributable to FDIC loss share agreements | - | - | (9 | ) | - | - | - | - | - | - | - | - | - | (9 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total provision for loan losses charged to operations | - | - | (526 | ) | - | - | - | - | - | - | - | (1 | ) | (3 | ) | (530 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision for loan losses recorded through FDIC loss share receivable | - | - | 8 | - | - | - | - | - | - | - | - | - | 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, end of period | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Allowance for Loan Losses | $ | 1,773 | $ | 473 | $ | 1,425 | $ | - | $ | 1,215 | $ | 1,446 | $ | 223 | $ | 51 | $ | 372 | $ | 1,452 | $ | 651 | $ | 97 | $ | 9,178 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
For the six months ended June 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 1,491 | $ | 399 | $ | 1,797 | $ | - | $ | 839 | $ | 1,751 | $ | 299 | $ | 25 | $ | 358 | $ | 1,050 | $ | 390 | $ | 72 | $ | 8,471 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision for loan losses | 76 | (179 | ) | (186 | ) | - | 327 | (1,472 | ) | (76 | ) | 25 | 4 | 769 | 225 | 36 | (451 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | - | - | (273 | ) | - | (15 | ) | (4 | ) | - | - | (63 | ) | (398 | ) | (7 | ) | (22 | ) | (782 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | 206 | 253 | 87 | - | 64 | 1,171 | - | 1 | 73 | 31 | 43 | 11 | 1,940 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net charge-offs | 206 | 253 | (186 | ) | - | 49 | 1,167 | - | 1 | 10 | (367 | ) | 36 | (11 | ) | 1,158 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, end of period | $ | 1,773 | $ | 473 | $ | 1,425 | $ | - | $ | 1,215 | $ | 1,446 | $ | 223 | $ | 51 | $ | 372 | $ | 1,452 | $ | 651 | $ | 97 | $ | 9,178 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
PCI Impairment Allowance for Loan Losses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | - | $ | - | $ | 360 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 360 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
PCI Impairment charge-offs | - | - | (5 | ) | - | - | - | - | - | (1 | ) | (144 | ) | - | - | (150 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PCI impairment recoveries | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net PCI impairment charge-offs | - | - | (5 | ) | - | - | - | - | - | (1 | ) | (144 | ) | - | - | (150 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PCI provision for loan losses | - | - | (354 | ) | - | - | - | - | - | 1 | 144 | - | - | (209 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Benefit attributable to FDIC loss share agreements | - | - | 278 | - | - | - | - | - | - | - | - | - | 278 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total provision for loan losses charged to operations | - | - | (76 | ) | - | - | - | - | - | 1 | 144 | - | - | 69 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision for loan losses recorded through FDIC loss share receivable | - | - | (279 | ) | - | - | - | - | - | - | - | - | - | (279 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, end of period | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Allowance for Loan Losses | $ | 1,773 | $ | 473 | $ | 1,425 | $ | - | $ | 1,215 | $ | 1,446 | $ | 223 | $ | 51 | $ | 372 | $ | 1,452 | $ | 651 | $ | 97 | $ | 9,178 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | CRE - owner-occupied | CRE - investor income producing | AC&D | AC&D - 1-4 family construction | AC&D - lots, land & development | AC&D - CRE | Other commercial | Residential mortgage | HELOC | Residential construction | Other loans to individuals | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the three months ended June 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 1,676 | $ | 322 | $ | 1,235 | $ | 4,218 | $ | - | $ | - | $ | - | $ | 6 | $ | 349 | $ | 1,440 | $ | 450 | $ | 66 | $ | 9,762 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision for loan losses | 407 | 57 | (101 | ) | (687 | ) | - | - | - | (2 | ) | (101 | ) | 364 | 39 | 24 | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | (543 | ) | (40 | ) | (18 | ) | (6 | ) | - | - | - | - | (2 | ) | (509 | ) | (2 | ) | (13 | ) | (1,133 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | 45 | 4 | 303 | 405 | - | - | - | - | 21 | 16 | 31 | 9 | 834 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net charge-offs | (498 | ) | (36 | ) | 285 | 399 | - | - | - | - | 19 | (493 | ) | 29 | (4 | ) | (299 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, end of period | $ | 1,585 | $ | 343 | $ | 1,419 | $ | 3,930 | $ | - | $ | - | $ | - | $ | 4 | $ | 267 | $ | 1,311 | $ | 518 | $ | 86 | $ | 9,463 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
PCI Impairment Allowance for Loan Losses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | - | $ | - | $ | - | $ | 385 | $ | - | $ | - | $ | - | $ | - | $ | 318 | $ | 3 | $ | 245 | $ | 36 | $ | 987 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
PCI provision for loan losses | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PCI impairment charge-off | - | - | - | 25 | - | - | - | - | - | - | - | - | 25 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net PCI impairment charge-offs | - | - | - | 25 | - | - | - | - | - | - | - | - | 25 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PCI provision for loan losses | 216 | - | 1 | 35 | - | - | - | - | 76 | - | 44 | - | 372 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Benefit attributable to FDIC loss share agreements | (104 | ) | - | (1 | ) | (192 | ) | - | - | - | - | - | - | - | - | (297 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total provision for loan losses charged to operations | 112 | - | - | (157 | ) | - | - | - | - | 76 | - | 44 | - | 75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision for loan losses recorded through FDIC loss share receivable | 104 | - | 1 | 192 | - | - | - | - | - | - | - | - | 297 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, end of period | $ | 216 | $ | - | $ | 1 | $ | 445 | $ | - | $ | - | $ | - | $ | - | $ | 394 | $ | 3 | $ | 289 | $ | 36 | $ | 1,384 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Allowance for Loan Losses | $ | 1,801 | $ | 343 | $ | 1,420 | $ | 4,375 | $ | - | $ | - | $ | - | $ | 4 | $ | 661 | $ | 1,314 | $ | 807 | $ | 122 | $ | 10,847 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
For the six months ended June 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 849 | $ | 496 | $ | 1,102 | $ | 4,157 | $ | - | $ | - | $ | - | $ | 8 | $ | 454 | $ | 1,463 | $ | 1,046 | $ | 49 | $ | 9,624 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision for loan losses | 1,201 | (120 | ) | 105 | (975 | ) | - | - | - | (4 | ) | (215 | ) | 398 | (562 | ) | 45 | (127 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charge-offs | (556 | ) | (40 | ) | (221 | ) | (6 | ) | - | - | - | - | (4 | ) | (591 | ) | (2 | ) | (29 | ) | (1,449 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recoveries | 91 | 7 | 433 | 754 | - | - | - | - | 32 | 41 | 36 | 21 | 1,415 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net charge-offs | (465 | ) | (33 | ) | 212 | 748 | - | - | - | - | 28 | (550 | ) | 34 | (8 | ) | (34 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, end of period | $ | 1,585 | $ | 343 | $ | 1,419 | $ | 3,930 | $ | - | $ | - | $ | - | $ | 4 | $ | 267 | $ | 1,311 | $ | 518 | $ | 86 | $ | 9,463 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
PCI Impairment Allowance for Loan Losses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 225 | $ | - | $ | - | $ | 542 | $ | - | $ | - | $ | - | $ | - | $ | 200 | $ | - | $ | - | $ | - | $ | 967 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
PCI provision for loan losses | - | - | (16 | ) | (14 | ) | - | - | - | (386 | ) | - | - | - | - | (416 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PCI impairment charge-off | - | - | - | 25 | - | - | - | - | - | - | - | - | 25 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net PCI impairment charge-offs | - | - | (16 | ) | 11 | - | - | - | (386 | ) | - | - | - | - | (391 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PCI provision for loan losses | (9 | ) | - | 17 | (108 | ) | - | - | - | 386 | 194 | 3 | 289 | 36 | 808 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Benefit attributable to FDIC loss share agreements | (104 | ) | - | (1 | ) | (192 | ) | - | - | - | - | - | - | - | - | (297 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total provision for loan losses charged to operations | (113 | ) | - | 16 | (300 | ) | - | - | - | 386 | 194 | 3 | 289 | 36 | 511 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provision for loan losses recorded through FDIC loss share receivable | 104 | - | 1 | 192 | - | - | - | - | - | - | - | - | 297 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, end of period | $ | 216 | $ | - | $ | 1 | $ | 445 | $ | - | $ | - | $ | - | $ | - | $ | 394 | $ | 3 | $ | 289 | $ | 36 | $ | 1,384 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Allowance for Loan Losses | $ | 1,801 | $ | 343 | $ | 1,420 | $ | 4,375 | $ | - | $ | - | $ | - | $ | 4 | $ | 661 | $ | 1,314 | $ | 807 | $ | 122 | $ | 10,847 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | CRE - owner-occupied | CRE - investor income producing | AC&D | AC&D - 1-4 family construction | AC&D - lots, land & development | AC&D - CRE | Other commercial | Residential mortgage | HELOC | Residential construction | Other loans to individuals | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
At June 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 20 | $ | 30 | $ | 68 | $ | - | $ | - | $ | 8 | $ | - | $ | 43 | $ | 171 | $ | 415 | $ | 193 | $ | 11 | $ | 959 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Collectively evaluated for impairment | 1,753 | 443 | 1,357 | - | 1,215 | 1,438 | 223 | 8 | 201 | 1,037 | 458 | 86 | 8,219 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1,773 | 473 | 1,425 | - | 1,215 | 1,446 | 223 | 51 | 372 | 1,452 | 651 | 97 | 9,178 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchased credit-impaired | - | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 1,773 | $ | 473 | $ | 1,425 | $ | - | $ | 1,215 | $ | 1,446 | $ | 223 | $ | 51 | $ | 372 | $ | 1,452 | $ | 651 | $ | 97 | $ | 9,178 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Recorded Investment in Loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 791 | $ | 3,063 | $ | 1,356 | $ | - | $ | - | $ | 1,141 | $ | - | $ | 257 | $ | 3,351 | $ | 3,159 | $ | 628 | $ | 65 | $ | 13,811 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Collectively evaluated for impairment | 135,085 | 272,006 | 400,081 | - | 28,549 | 39,432 | 43,484 | 4,101 | 159,983 | 148,912 | 39,609 | 23,889 | 1,295,131 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
135,876 | 275,069 | 401,437 | - | 28,549 | 40,573 | 43,484 | 4,358 | 163,334 | 152,071 | 40,237 | 23,954 | 1,308,942 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchased credit-impaired | 7,097 | 32,445 | 56,071 | - | - | 22,115 | 117 | 2,222 | 31,518 | 1,850 | 8,666 | 1,112 | 163,213 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 142,973 | $ | 307,514 | $ | 457,508 | $ | - | $ | 28,549 | $ | 62,688 | $ | 43,601 | $ | 6,580 | $ | 194,852 | $ | 153,921 | $ | 48,903 | $ | 25,066 | $ | 1,472,155 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
At December 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 14 | $ | 14 | $ | 527 | $ | - | $ | - | $ | - | $ | - | $ | 18 | $ | 167 | $ | 137 | $ | 7 | $ | - | $ | 884 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Collectively evaluated for impairment | 1,477 | 385 | 1,270 | - | 839 | 1,751 | 299 | 7 | 191 | 913 | 383 | 72 | 7,587 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1,491 | 399 | 1,797 | - | 839 | 1,751 | 299 | 25 | 358 | 1,050 | 390 | 72 | 8,471 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchased credit-impaired | - | - | 360 | - | - | - | - | - | - | - | - | - | 360 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 1,491 | $ | 399 | $ | 2,157 | $ | - | $ | 839 | $ | 1,751 | $ | 299 | $ | 25 | $ | 358 | $ | 1,050 | $ | 390 | $ | 72 | $ | 8,831 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Recorded Investment in Loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 265 | $ | 1,902 | $ | 3,216 | $ | - | $ | - | $ | 1,888 | $ | - | $ | 262 | $ | 4,513 | $ | 3,014 | $ | 66 | $ | 60 | $ | 15,186 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Collectively evaluated for impairment | 116,398 | 229,919 | 321,975 | - | 19,959 | 41,002 | 56,638 | 3,450 | 136,037 | 139,338 | 33,835 | 17,546 | 1,116,097 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
116,663 | 231,821 | 325,191 | - | 19,959 | 42,890 | 56,638 | 3,712 | 140,550 | 142,352 | 33,901 | 17,606 | 1,131,283 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchased credit-impaired | 5,737 | 35,760 | 56,996 | - | - | 22,699 | 121 | 137 | 32,826 | 1,402 | 6,920 | 1,189 | 163,787 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 122,400 | $ | 267,581 | $ | 382,187 | $ | - | $ | 19,959 | $ | 65,589 | $ | 56,759 | $ | 3,849 | $ | 173,376 | $ | 143,754 | $ | 40,821 | $ | 18,795 | $ | 1,295,070 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Quantitative Reserve Look Back Periods [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 30, | December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Look back periods (in calendar quarters) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 15 | 15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 15 | Minimum | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 15 | 15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | 15 | 15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land, & development | 15 | 15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | 15 | Minimum | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | 15 | Minimum | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 15 | 12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HELOC | 15 | 12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 14 | 12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 15 | Minimum | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-59 | 60-89 | Past Due | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Days | Days | 90 Days | PCI | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Past Due | Past Due | or More | Loans | Current | Total Loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
As of June 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 109 | $ | 1,162 | $ | 122 | $ | 7,097 | $ | 134,483 | $ | 142,973 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 1,549 | - | 176 | 32,445 | 273,344 | 307,514 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 63 | 1,462 | 457 | 56,071 | 399,455 | 457,508 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | - | - | - | - | 28,549 | 28,549 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land & development | - | 393 | 399 | 22,115 | 39,781 | 62,688 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | - | - | - | 117 | 43,484 | 43,601 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | - | - | 112 | 2,222 | 4,246 | 6,580 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial loans | 1,721 | 3,017 | 1,266 | 120,067 | 923,342 | 1,049,413 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | - | 209 | 437 | 31,518 | 162,688 | 194,852 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HELOC | 238 | 367 | 345 | 1,850 | 151,121 | 153,921 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 58 | - | 394 | 8,666 | 39,785 | 48,903 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 70 | 3 | 280 | 1,112 | 23,601 | 25,066 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans | 366 | 579 | 1,456 | 43,146 | 377,195 | 422,742 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans | $ | 2,087 | $ | 3,596 | $ | 2,722 | $ | 163,213 | $ | 1,300,537 | $ | 1,472,155 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
As of December 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 96 | $ | 52 | $ | 149 | $ | 5,737 | $ | 116,366 | $ | 122,400 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 418 | - | 209 | 35,760 | 231,194 | 267,581 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 655 | - | 3,161 | 56,996 | 321,375 | 382,187 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | - | - | - | - | 19,959 | 19,959 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land & development | 48 | - | 292 | 22,699 | 42,550 | 65,589 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | - | - | - | 121 | 56,638 | 56,759 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | - | 112 | - | 137 | 3,600 | 3,849 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial loans | 1,217 | 164 | 3,811 | 121,450 | 791,682 | 918,324 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | - | 32 | 1,340 | 32,826 | 139,178 | 173,376 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HELOC | 248 | 160 | 698 | 1,402 | 141,246 | 143,754 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 25 | - | 66 | 6,920 | 33,810 | 40,821 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 14 | 11 | - | 1,189 | 17,581 | 18,795 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans | 287 | 203 | 2,104 | 42,337 | 331,815 | 376,746 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total loans | $ | 1,504 | $ | 367 | $ | 5,915 | $ | 163,787 | $ | 1,123,497 | $ | 1,295,070 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allowance for Credit Losses on Financing Receivables [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Jun-14 | 31-Dec-13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unpaid | Related | Unpaid | Related | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recorded | Principal | Allowance For | Recorded | Principal | Allowance For | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment | Balance | Loan Losses | Investment | Balance | Loan Losses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Impaired Loans with No Related Allowance Recorded: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 667 | $ | 958 | $ | - | $ | 183 | $ | 473 | $ | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 2,880 | 2,969 | - | 1,815 | 1,955 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 941 | 949 | - | 30 | 47 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land & development | 1,093 | 1,206 | 1,888 | 4,475 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | - | - | - | 150 | 167 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial loans | 5,581 | 6,082 | - | 4,066 | 7,117 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 2,006 | 2,798 | - | 3,080 | 3,926 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HELOC | 1,411 | 1,996 | - | 2,478 | 2,855 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 18 | 39 | - | 26 | 39 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | - | - | - | 58 | 62 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans | 3,435 | 4,833 | - | 5,642 | 6,882 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total impaired loans with no related allowance recorded | $ | 9,016 | $ | 10,915 | $ | - | $ | 9,708 | $ | 13,999 | $ | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Impaired Loans with an Allowance Recorded: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 124 | $ | 135 | $ | 20 | $ | 82 | $ | 90 | $ | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 183 | 188 | 30 | 87 | 88 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 415 | 422 | 68 | 3,186 | 3,673 | 527 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land & development | 48 | 49 | 8 | - | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | 257 | 274 | 43 | 112 | 112 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial loans | 1,027 | 1,068 | 169 | 3,467 | 3,963 | 573 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 1,346 | 1,407 | 171 | 1,433 | 1,485 | 167 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HELOC | 1,748 | 1,818 | 415 | 536 | 587 | 137 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 609 | 615 | 193 | 40 | 42 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 65 | 68 | 11 | 2 | 4 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans | 3,768 | 3,908 | 790 | 2,011 | 2,118 | 311 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total impaired loans with an allowance recorded | $ | 4,795 | $ | 4,976 | $ | 959 | $ | 5,478 | $ | 6,081 | $ | 884 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Impaired Loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 791 | $ | 1,093 | $ | 20 | $ | 265 | $ | 563 | $ | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 3,063 | 3,157 | 30 | 1,902 | 2,043 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 1,356 | 1,371 | 68 | 3,216 | 3,720 | 527 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land & development | 1,141 | 1,255 | 8 | 1,888 | 4,475 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | 257 | 274 | 43 | 262 | 279 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial loans | 6,608 | 7,150 | 169 | 7,533 | 11,080 | 573 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 3,352 | 4,205 | 171 | 4,513 | 5,411 | 167 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HELOC | 3,159 | 3,814 | 415 | 3,014 | 3,442 | 137 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 627 | 654 | 193 | 66 | 81 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 65 | 68 | 11 | 60 | 66 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans | 7,203 | 8,741 | 790 | 7,653 | 9,000 | 311 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total impaired loans | $ | 13,811 | $ | 15,891 | $ | 959 | $ | 15,186 | $ | 20,080 | $ | 884 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average | Interest | Average | Interest | Average | Interest | Average | Interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | Recorded | Income | Recorded | Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | Investment | Recognized | Investment | Recognized | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Impaired Loans with No Related Allowance Recorded: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 667 | $ | 6 | $ | 297 | $ | - | $ | 391 | $ | 14 | $ | 476 | $ | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 2,881 | 15 | 2,135 | - | 2,328 | 46 | 1,602 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 945 | 7 | 224 | 106 | 456 | 17 | 2,471 | 123 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D | - | - | 2,936 | - | - | - | 5,250 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land & development | 1,102 | 34 | - | - | 1,738 | 78 | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | 74 | - | 160 | - | 122 | 4 | 162 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial loans | 5,669 | 62 | 5,752 | 106 | 5,035 | 159 | 9,961 | 123 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 2,353 | 16 | 2,247 | 14 | 2,707 | 31 | 1,626 | 31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Home equity lines of credit | 1,382 | 7 | 1,315 | - | 1,504 | 13 | 1,129 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 18 | - | 1 | - | 12 | - | 56 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 27 | - | 66 | 1 | 47 | 1 | 70 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans | 3,780 | 23 | 3,629 | 15 | 4,270 | 45 | 2,881 | 33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total impaired loans with no related allowance recorded | $ | 9,449 | $ | 85 | $ | 9,381 | $ | 121 | $ | 9,305 | $ | 204 | $ | 12,842 | $ | 156 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Impaired Loans with an Allowance Recorded: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 135 | $ | - | $ | 1,010 | $ | - | $ | 246 | $ | - | $ | 521 | $ | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 165 | 1 | - | - | 113 | 3 | 12 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 242 | 3 | 3,644 | 38 | 2,204 | 3 | 1,531 | 75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D | - | - | 125 | - | - | - | 341 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | 48 | - | - | - | 19 | 2 | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land & development | 48 | - | - | - | 69 | - | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | 184 | 5 | - | - | 96 | 5 | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial loans | 822 | 9 | 4,779 | 38 | 2,747 | 13 | 2,405 | 76 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 1,454 | 9 | 1,216 | 6 | 1,381 | 18 | 1,220 | 16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Home equity lines of credit | 1,704 | 2 | 654 | 1 | 1,361 | 4 | 489 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 321 | - | - | - | 152 | - | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 33 | 2 | 2 | - | 15 | 2 | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans | 3,512 | 13 | 1,872 | 7 | 2,909 | 24 | 1,709 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total impaired loans with an allowance recorded | $ | 4,334 | $ | 22 | $ | 6,651 | $ | 45 | $ | 5,656 | $ | 37 | $ | 4,114 | $ | 94 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Impaired Loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 802 | $ | 6 | $ | 1,307 | $ | - | $ | 637 | $ | 14 | $ | 997 | $ | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 3,046 | 16 | 2,135 | - | 2,441 | 49 | 1,614 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 1,187 | 10 | 3,868 | 144 | 2,660 | 20 | 4,002 | 198 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D | - | - | 3,061 | - | - | - | 5,591 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | 48 | - | - | - | 19 | 2 | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land & development | 1,150 | 34 | - | - | 1,807 | 78 | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | 258 | 5 | 160 | - | 218 | 9 | 162 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial loans | 6,491 | 71 | 10,531 | 144 | 7,782 | 172 | 12,366 | 199 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 3,807 | 25 | 3,463 | 20 | 4,088 | 49 | 2,846 | 47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Home equity lines of credit | 3,086 | 9 | 1,969 | 1 | 2,865 | 17 | 1,618 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 339 | - | 1 | - | 164 | - | 56 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 60 | 2 | 68 | 1 | 62 | 3 | 70 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans | 7,292 | 36 | 5,501 | 22 | 7,179 | 69 | 4,590 | 51 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total impaired loans | $ | 13,783 | $ | 107 | $ | 16,032 | $ | 166 | $ | 14,961 | $ | 241 | $ | 16,956 | $ | 250 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 30, | December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 236 | $ | 200 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - owner-occupied | 213 | 209 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 778 | 3,192 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - 1-4 family construction | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - lots, land & development | 48 | 292 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AC&D - CRE | - | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | 112 | 112 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total commercial loans | 1,387 | 4,005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | 824 | 2,007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HELOC | 2,354 | 2,348 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 628 | 66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other loans to individuals | 13 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total consumer loans | 3,819 | 4,423 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total nonaccrual loans | $ | 5,206 | $ | 8,428 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Purchased Credit Impaired Loans [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1-May-14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Contractual principal and interest at acquisition | $ | 47,572 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccretable difference | (7,480 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected cash flows at acquisition | 40,092 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accretable yield | (7,179 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basis in PCI loans at acquisition - estimated fair value | $ | 32,913 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Changes in Accretable Yield for Purchased Credit Impaired Loans [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months Ended June 30, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accretable yield, beginning of period | $ | 39,249 | $ | 42,734 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Addition from the Provident Community acquisition | 7,179 | - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest income | (7,960 | ) | (7,610 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reclassification of nonaccretable difference due to improvement in expected cash flows | 6,334 | 5,746 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other changes, net | 857 | 1,378 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accretable yield, end of period | $ | 45,659 | $ | 42,248 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three months ended | Six months ended | Three months ended | Six months ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
30-Jun-14 | 30-Jun-14 | 30-Jun-13 | 30-Jun-13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Number of | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Number of | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Number of | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans | loans | loans | loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Extended payment terms | Below market interest rate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | 1 | $ | 14 | $ | 14 | 1 | $ | 14 | $ | 14 | CRE-investor income producing | - | $ | - | $ | - | 1 | $ | 3,610 | $ | 3,610 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CRE - investor income producing | 1 | 94 | 94 | 1 | 94 | 94 | Residential mortgage | - | - | - | 1 | 43 | 43 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other commercial | - | - | - | 1 | 165 | 165 | Total | - | - | - | 2 | 3,653 | 3,653 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HELOC | - | - | - | 1 | 299 | 299 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential construction | 1 | 173 | 173 | 1 | 173 | 173 | Extended payment terms | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 | $ | 281 | $ | 281 | 5 | $ | 745 | $ | 745 | AC&D | 1 | 962 | 962 | 1 | 962 | 962 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1 | 962 | 962 | 1 | 962 | 962 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 1 | $ | 962 | $ | 962 | 3 | $ | 4,615 | $ | 4,615 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Troubled Debt Restructuring Outcomes [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Paid in full | Paying as restructured | Foreclosure/Default | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | Number of | Recorded | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans | Investment | loans | Investment | loans | Investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Below market interest rate | - | $ | - | 3 | $ | 1,954 | - | $ | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Extended payment terms | - | - | 11 | 3,195 | - | $ | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | - | $ | - | 14 | $ | 5,149 | - | $ | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Paid in full | Paying as restructured | Foreclosure/Default | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | Number of | Recorded | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans | Investment | loans | Investment | loans | Investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Below market interest rate | 2 | $ | 164 | 2 | $ | 3,647 | - | $ | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Extended payment terms | 1 | 329 | 1 | 249 | - | $ | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 3 | $ | 493 | 3 | $ | 3,896 | - | $ | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Related Party Transactions [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
June 30, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beginning balance | $ | 17,247 | $ | 4,184 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disbursements | 209 | 2,923 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments | (3,827 | ) | (1,803 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ending balance | $ | 13,629 | $ | 5,304 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Commercial [Member] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Note 5 - Loans and Allowance for Loan Losses (Tables) [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
As of June 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | CRE - owner-occupied | CRE - investor income producing | AC&D - 1-4 family construction | AC&D - lots, land & development | AC&D - CRE | Other commercial | Total Commercial | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | $ | 140,943 | $ | 303,489 | $ | 448,691 | $ | 28,549 | $ | 59,271 | $ | 43,601 | $ | 6,323 | $ | 1,030,867 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | 909 | 1,901 | 6,392 | - | 1,755 | - | 145 | 11,102 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Classified | 1,121 | 2,124 | 2,425 | - | 1,662 | - | 112 | 7,444 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 142,973 | $ | 307,514 | $ | 457,508 | $ | 28,549 | $ | 62,688 | $ | 43,601 | $ | 6,580 | $ | 1,049,413 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
As of December 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commercial and industrial | CRE - owner-occupied | CRE - investor income producing | AC&D - 1-4 family construction | AC&D - lots, land & development | AC&D - CRE | Other commercial | Total Commercial | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | $ | 120,037 | $ | 260,472 | $ | 373,464 | $ | 19,959 | $ | 60,332 | $ | 56,759 | $ | 3,587 | $ | 894,610 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | 1,692 | 6,126 | 3,628 | - | 2,802 | - | 150 | 14,398 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Classified | 671 | 983 | 5,095 | - | 2,455 | - | 112 | 9,316 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 122,400 | $ | 267,581 | $ | 382,187 | $ | 19,959 | $ | 65,589 | $ | 56,759 | $ | 3,849 | $ | 918,324 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Consumer Loans [Member] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Note 5 - Loans and Allowance for Loan Losses (Tables) [Line Items] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | HELOC | Residential construction | Other loans to individuals | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | $ | 191,881 | $ | 148,698 | $ | 48,154 | $ | 25,001 | $ | 413,734 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | 1,517 | 2,152 | 121 | 63 | 3,853 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Classified | 1,454 | 3,071 | 628 | 2 | 5,155 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 194,852 | $ | 153,921 | $ | 48,903 | $ | 25,066 | $ | 422,742 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Loans | $ | 1,472,155 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Residential mortgage | HELOC | Residential construction | Other loans to individuals | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pass | $ | 169,519 | $ | 137,626 | $ | 39,824 | $ | 18,301 | $ | 365,270 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Special mention | 1,864 | 2,893 | 766 | 488 | 6,011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Classified | 1,993 | 3,235 | 231 | 6 | 5,465 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 173,376 | $ | 143,754 | $ | 40,821 | $ | 18,795 | $ | 376,746 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Loans | $ | 1,295,070 |
Note_6_FDIC_Loss_Share_Agreeme1
Note 6 - FDIC Loss Share Agreements (Tables) | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||
FDIC Indemnification Asset Roll Forward [Table Text Block] | ' | ||||||||
June 30, | |||||||||
2014 | 2013 | ||||||||
Balance, beginning of period | $ | 10,025 | $ | 18,697 | |||||
Increase (decrease) in expected losses on loans | (278 | ) | 297 | ||||||
Additional (gains) losses to OREO | (228 | ) | 232 | ||||||
Reimbursable expenses | 529 | 429 | |||||||
Amortization discounts and premiums, net | (859 | ) | (38 | ) | |||||
Reimbursements from the FDIC | (2,196 | ) | (5,236 | ) | |||||
Other changes, net | - | 467 | |||||||
Balance, end of period | $ | 6,993 | $ | 14,848 |
Note_7_Other_Real_Estate_Owned1
Note 7 - Other Real Estate Owned (Tables) | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||
Other Real Estate, Non Covered, Roll Forward [Table Text Block] | ' | ||||||||||||||||
Three months ended | Six months ended | ||||||||||||||||
June 30, | June 30, | June 30, | June 30, | ||||||||||||||
Non-Covered OREO | 2014 | 2013 | 2014 | 2013 | |||||||||||||
Beginning balance | $ | 8,874 | $ | 13,596 | $ | 9,404 | $ | 18,427 | |||||||||
Additions | 301 | 155 | 1,511 | 963 | |||||||||||||
Acquired through merger | 3,128 | - | 3,128 | - | |||||||||||||
Sales | (1,249 | ) | (3,763 | ) | (2,968 | ) | (9,342 | ) | |||||||||
Writedowns | (117 | ) | (247 | ) | (138 | ) | (307 | ) | |||||||||
Ending balance | $ | 10,937 | $ | 9,741 | $ | 10,937 | $ | 9,741 | |||||||||
Other Real Estate, Covered, Roll Forward [Table Text Block] | ' | ||||||||||||||||
Three months ended | Six months ended | ||||||||||||||||
June 30, | June 30, | June 30, | June 30, | ||||||||||||||
Covered OREO | 2014 | 2013 | 2014 | 2013 | |||||||||||||
Beginning balance | $ | 6,652 | $ | 7,655 | $ | 5,088 | $ | 6,646 | |||||||||
Additions | 1,432 | 967 | 3,769 | 3,316 | |||||||||||||
Sales | (2,831 | ) | (1,543 | ) | (3,579 | ) | (2,715 | ) | |||||||||
Writedowns | (19 | ) | (537 | ) | (44 | ) | (705 | ) | |||||||||
Ending balance | $ | 5,234 | $ | 6,542 | $ | 5,234 | $ | 6,542 | |||||||||
Other Real Estate Owned by Portfolio Segment [Table Text Block] | ' | ||||||||||||||||
June 30, | December 31, | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
Non-covered OREO: | |||||||||||||||||
Commercial and industrial | $ | 760 | $ | - | |||||||||||||
CRE - owner-occupied | 956 | 591 | |||||||||||||||
CRE - investor income producing | 2,213 | 2,933 | |||||||||||||||
AC&D - 1-4 family construction | 2,378 | 2,811 | |||||||||||||||
AC&D - lots, land & development | 2,509 | 1,448 | |||||||||||||||
Other commercial | 257 | 195 | |||||||||||||||
Residential mortgage | 1,021 | 704 | |||||||||||||||
HELOC | 143 | 124 | |||||||||||||||
Residential construction | 598 | 598 | |||||||||||||||
Other loans to individuals | 102 | - | |||||||||||||||
OREO covered by FDIC loss share agreements | 5,234 | 5,088 | |||||||||||||||
$ | 16,171 | $ | 14,492 |
Note_10_Per_Share_Results_Tabl
Note 10 - Per Share Results (Tables) | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Schedule of Weighted Average Number of Shares [Table Text Block] | ' | ||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||
June 30, | June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Weighted-average number of common shares outstanding excluding unvested restricted shares | 43,947,134 | 44,143,301 | 43,942,112 | 44,078,262 | |||||||||||||
Effect of dilutive stock options and unvested restricted shares | 266,668 | 61,280 | 297,993 | 59,233 | |||||||||||||
Weighted-average number of common shares and dilutive potential common shares outstanding | 44,213,802 | 44,204,581 | 44,240,105 | 44,137,495 |
Note_13_Derivative_Financial_I1
Note 13 - Derivative Financial Instruments and Hedging Activities (Tables) | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||||
Schedule of Derivative Instruments [Table Text Block] | ' | |||||||||||||||||||
Floating | ||||||||||||||||||||
Original | Current | Rate | ||||||||||||||||||
Notional | Notional | Termination | Fixed | Floating | Payer | Hedge | Type of | |||||||||||||
Amount | Amount | Date | Rate | Rate | Spread | Treatment | Hedge | |||||||||||||
$ | 2,555 | $ | 2,384 | 10/10/15 | 5.5 | % | USD-LIBOR-BBA | 2.88 | % | Yes | Fair Value | |||||||||
3,595 | 3,184 | 4/27/17 | 5.25 | % | USD-LIBOR-BBA | 2.73 | % | Yes | Fair Value | |||||||||||
3,269 | 3,269 | 4/1/19 | 4.45 | % | USD-LIBOR-BBA | 2.9 | % | Yes | Fair Value | |||||||||||
2,365 | 2,365 | 6/27/22 | 4.5 | % | USD-LIBOR-BBA | 2.25 | % | Yes | Fair Value | |||||||||||
12,500 | 12,500 | 12/31/18 | 1.688 | % | USD-Federal Funds-H15 | 0.25 | % | Yes | Cash Flow | |||||||||||
12,500 | 12,500 | 12/31/20 | 2.341 | % | USD-Federal Funds-H15 | 0.25 | % | Yes | Cash Flow | |||||||||||
25,000 | 25,000 | 12/31/20 | 3.104 | % | USD-Federal Funds-H15 | 0.25 | % | Yes | Cash Flow | |||||||||||
20,000 | 20,000 | 10/21/21 | 3.439 | % | USD-LIBOR-BBA | 0 | % | Yes | Cash Flow | |||||||||||
1,338 | 1,338 | 6/15/19 | 4.95 | % | USD-LIBOR-BBA | 2.75 | % | No | N/A | |||||||||||
2,600 | 2,600 | 3/15/21 | 4.34 | % | USD-LIBOR-BBA | 2.15 | % | No | N/A | |||||||||||
489 | 489 | 3/15/21 | 4.64 | % | USD-LIBOR-BBA | 2.15 | % | No | N/A | |||||||||||
$ | 86,211 | $ | 85,629 |
Note_14_Accumulated_Other_Comp1
Note 14 - Accumulated Other Comprehensive Income (Tables) | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | ' | ||||||||||||||||||||||||
Three Months Ended | Three Months Ended | ||||||||||||||||||||||||
30-Jun-14 | 30-Jun-13 | ||||||||||||||||||||||||
Before Tax | Tax Expense (Benefit) | Net of Tax | Before Tax | Tax Expense (Benefit) | Net of Tax | ||||||||||||||||||||
Amount | Amount | Amount | Amount | ||||||||||||||||||||||
Securities available for sale and transferred securities: | |||||||||||||||||||||||||
Change in net unrealized gains (losses) during the period | $ | 5,667 | $ | 2,123 | $ | 3,544 | $ | (9,299 | ) | $ | (3,378 | ) | $ | (5,921 | ) | ||||||||||
Change in net unrealized loss on securities transferred to held to maturity | (2,209 | ) | (831 | ) | (1,378 | ) | - | - | - | ||||||||||||||||
Reclassification adjustment for net (gains) losses recognized in net income | 33 | 12 | 21 | (104 | ) | (49 | ) | (55 | ) | ||||||||||||||||
Total securities available for sale and transferred securities | 3,491 | 1,304 | 2,187 | (9,403 | ) | (3,427 | ) | (5,976 | ) | ||||||||||||||||
Derivatives: | |||||||||||||||||||||||||
Change in the accumulated loss on effective cash flow hedge derivatives | (965 | ) | (363 | ) | (602 | ) | - | - | - | ||||||||||||||||
Total derivatives | (965 | ) | (363 | ) | (602 | ) | - | - | - | ||||||||||||||||
Total other comprehensive income (loss) | $ | 2,526 | $ | 941 | $ | 1,585 | $ | (9,403 | ) | $ | (3,427 | ) | $ | (5,976 | ) | ||||||||||
Six Months Ended | Six Months Ended | ||||||||||||||||||||||||
30-Jun-14 | 30-Jun-13 | ||||||||||||||||||||||||
Before Tax Amount | Tax Expense (Benefit) | Net of Tax | Before Tax Amount | Tax Expense (Benefit) | Net of Tax | ||||||||||||||||||||
Amount | Amount | ||||||||||||||||||||||||
Securities available for sale and transferred securities: | |||||||||||||||||||||||||
Change in net unrealized gains (losses) during the period | $ | 9,022 | $ | 3,352 | $ | 5,670 | $ | (10,117 | ) | $ | (3,764 | ) | $ | (6,353 | ) | ||||||||||
Change in net unrealized loss on securities transferred to held to maturity | (2,209 | ) | (831 | ) | (1,378 | ) | - | - | - | ||||||||||||||||
Reclassification adjustment for net (gains) losses recognized in net income | (243 | ) | (92 | ) | (151 | ) | (104 | ) | (49 | ) | (55 | ) | |||||||||||||
Total securities available for sale and transferred securities | 6,570 | 2,429 | 4,141 | (10,221 | ) | (3,813 | ) | (6,408 | ) | ||||||||||||||||
Derivatives: | |||||||||||||||||||||||||
Change in the accumulated loss on effective cash flow hedge derivatives | (1,887 | ) | (707 | ) | (1,180 | ) | - | - | - | ||||||||||||||||
Total derivatives | (1,887 | ) | (707 | ) | (1,180 | ) | - | - | - | ||||||||||||||||
Total other comprehensive income (loss) | $ | 4,683 | $ | 1,722 | $ | 2,961 | $ | (10,221 | ) | $ | (3,813 | ) | $ | (6,408 | ) | ||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||||||||||||||
Securities | Derivatives | Accumulated | |||||||||||||||||||||||
Available for | Other | ||||||||||||||||||||||||
Sale | Comprehensive Income (Loss) | ||||||||||||||||||||||||
Balance, January 1, 2014 | $ | (5,145 | ) | $ | 343 | $ | (4,802 | ) | |||||||||||||||||
Other comprehensive income (loss) before reclassifications | 4,291 | (1,180 | ) | 3,111 | |||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | (151 | ) | - | (151 | ) | ||||||||||||||||||||
Net other comprehensive income (loss) during the period | 4,141 | (1,180 | ) | 2,961 | |||||||||||||||||||||
Balance, June 30, 2014 | $ | (1,004 | ) | $ | (837 | ) | $ | (1,841 | ) | ||||||||||||||||
Balance, January 1, 2013 | $ | 3,198 | $ | - | $ | 3,198 | |||||||||||||||||||
Other comprehensive income (loss) before reclassifications | (6,353 | ) | - | (6,353 | ) | ||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | (55 | ) | - | (55 | ) | ||||||||||||||||||||
Net other comprehensive income (loss) during the period | (6,408 | ) | - | (6,408 | ) | ||||||||||||||||||||
Balance, June 30, 2013 | $ | (3,210 | ) | $ | - | $ | (3,210 | ) |
Note_15_Fair_Value_Measurement1
Note 15 - Fair Value Measurements (Tables) | 6 Months Ended | ||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | ||||||||||||||||||||
Fair Value Measurements | |||||||||||||||||||||
Carrying | Estimated | Quoted Prices in Active Markets | Significant | Significant | |||||||||||||||||
for Identical | Other | Unobservable | |||||||||||||||||||
Assets or | Observable | Inputs | |||||||||||||||||||
Liabilities | Inputs | ||||||||||||||||||||
Amount | Fair Value | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
30-Jun-14 | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 69,020 | $ | 69,020 | $ | 69,020 | $ | - | $ | - | |||||||||||
Investment securities available-for-sale | 349,532 | 349,532 | 1,809 | 347,723 | - | ||||||||||||||||
Investment securities held-to-maturity | 119,302 | 120,079 | - | 120,079 | - | ||||||||||||||||
Nonmarketable equity securities | 5,906 | 5,906 | - | 5,906 | - | ||||||||||||||||
Loans held for sale | 6,388 | 6,388 | - | 6,388 | - | ||||||||||||||||
Loans, net of allowance | 1,464,483 | 1,398,541 | - | 9,146 | 1,389,395 | ||||||||||||||||
FDIC indemnification asset | 6,993 | 6,993 | - | - | 6,993 | ||||||||||||||||
Accrued interest receivable | 4,507 | 4,507 | - | 4,507 | - | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits with no stated maturity | 1,273,936 | 1,273,936 | - | 1,273,936 | - | ||||||||||||||||
Deposits with stated maturities | 588,771 | 591,226 | - | 591,226 | - | ||||||||||||||||
Swap fair value hedge | 309 | 309 | - | 309 | - | ||||||||||||||||
Interest rate swaps | 1,643 | 1,643 | - | 1,643 | - | ||||||||||||||||
Borrowings | 86,819 | 86,314 | - | 86,314 | - | ||||||||||||||||
Accrued interest payable | 391 | 391 | - | 391 | - | ||||||||||||||||
December 31, 2013: | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 55,067 | $ | 55,067 | $ | 55,067 | $ | - | $ | - | |||||||||||
Investment securities available-for-sale | 349,491 | 349,491 | 1,906 | 347,585 | - | ||||||||||||||||
Investment securities held-to-maturity | 51,972 | 51,334 | - | 51,334 | - | ||||||||||||||||
Nonmarketable equity securities | 5,905 | 5,905 | - | 5,905 | - | ||||||||||||||||
Loans held for sale | 2,430 | 2,430 | - | 2,430 | - | ||||||||||||||||
Loans, net of allowance | 1,286,977 | 1,267,349 | - | 5,884 | 1,261,465 | ||||||||||||||||
FDIC indemnification asset | 10,025 | 10,025 | - | - | 10,025 | ||||||||||||||||
Interest rate swaps | 545 | 545 | - | 545 | - | ||||||||||||||||
Accrued interest receivable | 4,222 | 4,222 | - | 4,222 | - | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits with no stated maturity | 1,055,457 | 1,055,457 | - | 1,055,457 | - | ||||||||||||||||
Deposits with stated maturities | 544,428 | 545,111 | - | 545,111 | - | ||||||||||||||||
Swap fair value hedge | 258 | 258 | - | 258 | - | ||||||||||||||||
Borrowings | 78,048 | 77,899 | - | 77,899 | - | ||||||||||||||||
Accrued interest payable | 412 | 412 | - | 412 | - | ||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||||||
Quoted Prices in | Significant | ||||||||||||||||||||
Active Markets for | Other | Significant | |||||||||||||||||||
Identical Assets | Observable Inputs | Unobservable Inputs | Assets/(Liabilities) | ||||||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | at Fair Value | |||||||||||||||||
30-Jun-14 | |||||||||||||||||||||
U.S. Government agencies | $ | - | $ | 549 | $ | - | $ | 549 | |||||||||||||
Municipal securities | - | 12,801 | - | 12,801 | |||||||||||||||||
Residential agency pass-through securities | - | 105,691 | - | 105,691 | |||||||||||||||||
Residential collateralized mortgage obligations | - | 139,836 | - | 139,836 | |||||||||||||||||
Commercial mortgage-backed obligations | - | 4,893 | - | 4,893 | |||||||||||||||||
Asset-backed securities | - | 76,661 | - | 76,661 | |||||||||||||||||
Corporate and other securities | - | 7,292 | - | 7,292 | |||||||||||||||||
All other equity securities | 1,809 | - | - | 1,809 | |||||||||||||||||
Interest rate swaps | - | (1,643 | ) | - | (1,643 | ) | |||||||||||||||
Fair value loans | - | 9,146 | - | 9,146 | |||||||||||||||||
Swap fair value hedge | - | (309 | ) | - | (309 | ) | |||||||||||||||
31-Dec-13 | |||||||||||||||||||||
U.S. Government agencies | $ | - | $ | 558 | $ | - | $ | 558 | |||||||||||||
Municipal securities | - | 16,506 | - | 16,506 | |||||||||||||||||
Residential agency pass-through securities | - | 90,248 | - | 90,248 | |||||||||||||||||
Residential collateralized mortgage obligations | - | 103,349 | - | 103,349 | |||||||||||||||||
Commercial mortgage-backed obligations | - | 61,402 | - | 61,402 | |||||||||||||||||
Asset-backed securities | - | 71,077 | - | 71,077 | |||||||||||||||||
Corporate and other securities | - | 4,445 | - | 4,445 | |||||||||||||||||
All other equity securities | 1,906 | - | - | 1,906 | |||||||||||||||||
Interest rate swaps | - | 545 | - | 545 | |||||||||||||||||
Fair value loans | - | 5,884 | - | 5,884 | |||||||||||||||||
Swap fair value hedge | - | (258 | ) | - | (258 | ) | |||||||||||||||
Fair Value Measurements, Nonrecurring [Table Text Block] | ' | ||||||||||||||||||||
Quoted Prices | |||||||||||||||||||||
in Active | Significant | ||||||||||||||||||||
Markets for | Other | Significant | |||||||||||||||||||
Identical | Observable | Unobservable | Assets/ | ||||||||||||||||||
Assets | Inputs | Inputs | (Liabilities) | ||||||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | at Fair Value | |||||||||||||||||
30-Jun-14 | |||||||||||||||||||||
OREO | $ | - | $ | - | $ | 4,589 | $ | 4,589 | |||||||||||||
Impaired loans: | |||||||||||||||||||||
Commercial and industrial | - | - | 40 | 40 | |||||||||||||||||
CRE - owner-occupied | - | - | 87 | 87 | |||||||||||||||||
CRE - investor income producing | - | - | 243 | 243 | |||||||||||||||||
AC&D - 1-4 family construction | - | - | 79 | 79 | |||||||||||||||||
AC&D - lots, land & development | - | - | 40 | 40 | |||||||||||||||||
Other commercial | - | - | 121 | 121 | |||||||||||||||||
Residential mortgage | - | - | 82 | 82 | |||||||||||||||||
HELOC | - | - | 1,237 | 1,237 | |||||||||||||||||
Residential construction | - | - | 390 | 390 | |||||||||||||||||
Other loans to individuals | - | - | 54 | 54 | |||||||||||||||||
31-Dec-13 | |||||||||||||||||||||
OREO | $ | - | $ | - | $ | 9,085 | $ | 9,085 | |||||||||||||
Impaired loans: | |||||||||||||||||||||
Commercial and industrial | - | - | 69 | 69 | |||||||||||||||||
CRE - owner-occupied | - | - | 73 | 73 | |||||||||||||||||
CRE - investor income producing | - | - | 2,659 | 2,659 | |||||||||||||||||
Other commercial | - | - | 93 | 93 | |||||||||||||||||
Residential mortgage | - | - | 510 | 510 | |||||||||||||||||
HELOC | - | - | 184 | 184 | |||||||||||||||||
Residential construction | - | - | 34 | 34 | |||||||||||||||||
Other loans to individuals | - | - | 1 | 1 | |||||||||||||||||
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | ' | ||||||||||||||||||||
Weighted | |||||||||||||||||||||
Fair Value | Valuation Methodology | Unobservable Inputs | Range of Inputs | Average Discount | |||||||||||||||||
OREO | $ | 4,589 | Appraisals | Discount to reflect current market conditions | 0% - 55% | 19.49 | % | ||||||||||||||
Impaired loans | 33 | Discounted cash flows | Percent of total contractual cash flows not expected to be collected | 0% - 50% | 17.93 | % | |||||||||||||||
894 | Probability of default model | Discount to reflect probability and loss given default | 0% - 100% | 16.21 | % | ||||||||||||||||
1,446 | Collateral based measurements | Discount to reflect current market conditions and ultimate collectability | 0% - 60% | 27.81 | % | ||||||||||||||||
$ | 6,962 |
Note_16_Shareholders_Equity_Ta
Note 16 - Shareholders' Equity (Tables) | 6 Months Ended | ||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | ||||||||||||||||||||||||||||
Outstanding Options | Nonvested Restricted Shares | ||||||||||||||||||||||||||||
Weighted | |||||||||||||||||||||||||||||
Weighted | Average | Weighted | |||||||||||||||||||||||||||
Average | Contractual | Average | Aggregate | ||||||||||||||||||||||||||
Number | Exercise | Term | Intrinsic | Number | Grant Date | Intrinsic | |||||||||||||||||||||||
Outstanding | Price | (Years) | Value | Outstanding | Fair Value | Value | |||||||||||||||||||||||
At December 31, 2013 | 2,225,551 | $ | 7.35 | 5.65 | $ | - | 770,399 | $ | 4.35 | $ | 5,315 | ||||||||||||||||||
Options granted | 17,500 | 6.7 | - | - | - | - | - | ||||||||||||||||||||||
Restricted shares granted | - | - | - | - | 220,650 | 6.51 | 1,454 | ||||||||||||||||||||||
Options exercised | (39,451 | ) | 4.55 | - | - | - | - | - | |||||||||||||||||||||
Restricted shares vested | - | - | - | - | (66,500 | ) | 5.28 | 438 | |||||||||||||||||||||
Expired and forfeited | (12,683 | ) | 9.06 | - | - | (3,333 | ) | 5.53 | 35 | ||||||||||||||||||||
At June 30, 2014 | 2,190,917 | $ | 7.39 | 5.19 | $ | 491 | 921,216 | $ | 4.79 | $ | 6,058 | ||||||||||||||||||
Exercisable at June 30, 2014 | 2,162,583 | $ | 7.41 | 5.14 | |||||||||||||||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | ' | ||||||||||||||||||||||||||||
Weighted-average volatility | 38.60% | - | 39.00% | ||||||||||||||||||||||||||
Expected dividend yield | 1.21% | ||||||||||||||||||||||||||||
Risk-free interest rate | 2.22% | ||||||||||||||||||||||||||||
Expected life (years) | 7 |
Note_3_Business_Combinations_a2
Note 3 - Business Combinations and Goodwill (Details) (USD $) | 3 Months Ended | 6 Months Ended | 0 Months Ended | 6 Months Ended | 12 Months Ended | |||||
In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | 2-May-14 | 2-May-14 | Jun. 30, 2014 | Dec. 31, 2013 | 2-May-14 |
Series A Preferred Stock [Member] | Provident Community Bancshares, Inc. [Member] | Provident Community Bancshares, Inc. [Member] | Provident Community Bancshares, Inc. [Member] | Provident Community Bancshares, Inc. [Member] | ||||||
Warrant [Member] | Provident Community Common Stockholders [Member] | |||||||||
Provident Community Bancshares, Inc. [Member] | ||||||||||
United States Treasury [Member] | ||||||||||
Note 3 - Business Combinations and Goodwill (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition, Share Price (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.78 |
Payments to Acquire Businesses, Gross | ' | ' | ' | ' | ' | $5,100 | $1,400 | $1,397 | ' | ' |
Discount from Face Value | ' | ' | ' | ' | ' | 45.00% | ' | ' | ' | ' |
Goodwill | 29,824 | ' | 29,824 | ' | 26,420 | ' | ' | 3,404 | ' | 3,400 |
Business Combination, Acquisition Related Costs | ' | ' | ' | ' | ' | ' | ' | 643 | ' | ' |
Provision for Loan and Lease Losses | ' | ' | -382 | 384 | ' | ' | ' | ' | 500 | ' |
Impairment of Real Estate | $136 | $784 | $182 | $1,012 | ' | ' | ' | $71 | ' | ' |
Note_3_Business_Combinations_a3
Note 3 - Business Combinations and Goodwill (Details) - Assets Acquired and Liabilities Assumed at Acquisition Date (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | 2-May-14 |
In Thousands, unless otherwise specified | As Recorded By Acquiree [Member] | Fair Value And Other Merger Related Adjustments [Member] | Provident Community Bancshares, Inc. [Member] | Provident Community Bancshares, Inc. [Member] | ||
Provident Community Bancshares, Inc. [Member] | Provident Community Bancshares, Inc. [Member] | |||||
Consideration Paid | ' | ' | ' | ' | ' | ' |
Cash | ' | ' | ' | ' | $1,397 | ' |
Fair value of noncontrolling interest | ' | ' | ' | ' | 5,096 | ' |
Fair Value of Total Consideration Transferred | ' | ' | ' | ' | 6,493 | ' |
Recognized amounts of identifiable assets acquired and liabilities assumed: | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | ' | ' | 65,538 | ' | 65,538 | ' |
Securities | ' | ' | 124,035 | ' | 124,035 | ' |
Nonmarketable equity securities | ' | ' | 2,948 | ' | 2,948 | ' |
Loans held for sale | ' | ' | 390 | ' | 390 | ' |
Loans, net of allowance | ' | ' | 112,412 | -8,034 | 104,378 | ' |
Premises and equipment | ' | ' | 3,150 | 32 | 3,182 | ' |
Core deposit intangibles | ' | ' | ' | 3,600 | 3,600 | ' |
Interest receivable | ' | ' | 748 | -3 | 745 | ' |
Other real estate owned | ' | ' | 3,666 | -538 | 3,128 | ' |
Bank owned life insurance | ' | ' | 8,536 | ' | 8,536 | ' |
Deferred tax asset | ' | ' | 1,628 | 5,210 | 6,838 | ' |
Other assets | ' | ' | 1,438 | -208 | 1,230 | ' |
Total assets acquired | ' | ' | 324,489 | 59 | 324,548 | ' |
Deposits | ' | ' | 264,281 | 177 | 264,458 | ' |
Federal Home Loan Bank advances | ' | ' | 37,500 | 3,915 | 41,415 | ' |
Junior Subordinated Debt | ' | ' | 12,372 | -4,558 | 7,814 | ' |
Short term borrowings | ' | ' | 4,760 | ' | 4,760 | ' |
Other liabilities | ' | ' | 2,087 | 925 | 3,012 | ' |
Total liabilities assumed | ' | ' | 321,000 | 459 | 321,459 | ' |
Total identifiable assets | ' | ' | 3,489 | -400 | 3,089 | ' |
Goodwill resulting from acquisition | $29,824 | $26,420 | ' | ' | $3,404 | $3,400 |
Note_3_Business_Combinations_a4
Note 3 - Business Combinations and Goodwill (Details) - Business Acquisition, Pro Forma Information (USD $) | 2 Months Ended | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2013 |
Business Acquisition, Pro Forma Information [Abstract] | ' | ' | ' |
Total revenues (net interest income plus other income) | $1,132 | ' | ' |
Total revenues (net interest income plus other income) | ' | 45,836 | 47,752 |
Net income | 158 | ' | ' |
Net income | ' | $3,799 | $5,020 |
Note_4_Investment_Securities_D
Note 4 - Investment Securities (Details) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | 0 Months Ended | 3 Months Ended | ||||||||||||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 01, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | |
Commercial Mortgage Backed Securities [Member] | Delegated Underwriting and Servicing (DUS) [Member] | Delegated Underwriting and Servicing (DUS) [Member] | Private-Label Securities Collateralized by Commercial Properties [Member] | Private-Label Securities Collateralized by Commercial Properties [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Federal Family Education Loan Program [Member] | Private Student Loan Program [Member] | Aggregate Cost [Member] | Aggregate Cost [Member] | ||||||
Four Investments Held in Senior Tranches [Member] | Four Investments Held in Senior Tranches [Member] | Amendement Made in One Investment Held in Senior Tranches [Member] | |||||||||||||||||
Note 4 - Investment Securities (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Securities Available For Sale Transferred To Held To Maturity | ' | ' | $58,972,000 | ' | ' | $58,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Accumulated Gross Unrealized Gain (Loss), before Tax | ' | ' | ' | ' | ' | 2,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Accumulated Gross Unrealized Gain (Loss), Net of Tax | ' | ' | ' | ' | ' | 1,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities Pledged as Collateral | 149,700,000 | ' | 149,700,000 | ' | 99,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure | ' | ' | ' | ' | ' | ' | 57,400,000 | 55,700,000 | 6,000,000 | 5,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Marketable Securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,800,000 | 23,400,000 | 5,000,000 | 5,800,000 | 5,700,000 | ' | ' | ' | ' |
Collateralized Portion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 42.00% | 58.00% | ' | ' |
Proceeds from Sale of Available-for-sale Securities | 123,900,000 | 22,800,000 | 126,314,000 | 22,815,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Gross Realized Losses | 30,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Gross Realized Gains | ' | 100,000 | 200,000 | 10,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 14 | ' | 14 | ' | 5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain (Loss) on Sale of Securities, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -33,000 | ' | ' | ' | ' | ' |
Marketable Securities, Unrealized Gain (Loss) | ' | ' | -178,000 | ' | -274,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Nonmarketable Equity Securities | 5,906,000 | ' | 5,906,000 | ' | 5,905,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,900,000 | 5,900,000 |
Federal Home Loan Bank Stock | $4,500,000 | ' | $4,500,000 | ' | $4,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_4_Investment_Securities_D1
Note 4 - Investment Securities (Details) - Amortized Cost and Fair Value of Investment Portfolio (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Securities available-for-sale: | ' | ' |
Securities available-for-sale - Amortized cost | $348,930 | $357,668 |
Securities available-for-sale - Gross unrealized gains | 3,740 | 2,031 |
Securities available-for-sale - Gross unrealized losses | -3,138 | -10,208 |
Securities available-for-sale - Fair Value | 349,532 | 349,491 |
Securities held-to-maturity: | ' | ' |
Securities held-to-maturity - Amortized cost | 119,302 | 51,972 |
Securities held-to-maturity - Gross unrealized gains | 910 | ' |
Securities held-to-maturity - Gross unrealized losses | -133 | -638 |
Securities held-to-maturity - Fair Value | 120,079 | 51,334 |
US Government Agencies Debt Securities [Member] | ' | ' |
Securities available-for-sale: | ' | ' |
Securities available-for-sale - Amortized cost | 511 | 513 |
Securities available-for-sale - Gross unrealized gains | 38 | 45 |
Securities available-for-sale - Fair Value | 549 | 558 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Securities available-for-sale: | ' | ' |
Securities available-for-sale - Amortized cost | 11,963 | 15,826 |
Securities available-for-sale - Gross unrealized gains | 838 | 680 |
Securities available-for-sale - Fair Value | 12,801 | 16,506 |
Residential Agency Pass-Through Securities [Member] | ' | ' |
Securities available-for-sale: | ' | ' |
Securities available-for-sale - Amortized cost | 104,128 | 90,043 |
Securities available-for-sale - Gross unrealized gains | 1,712 | 741 |
Securities available-for-sale - Gross unrealized losses | -149 | -536 |
Securities available-for-sale - Fair Value | 105,691 | 90,248 |
Securities held-to-maturity: | ' | ' |
Securities held-to-maturity - Amortized cost | 46,061 | 41,125 |
Securities held-to-maturity - Gross unrealized gains | 786 | ' |
Securities held-to-maturity - Gross unrealized losses | ' | -392 |
Securities held-to-maturity - Fair Value | 46,847 | 40,733 |
Collateralized Mortgage Obligations [Member] | ' | ' |
Securities available-for-sale: | ' | ' |
Securities available-for-sale - Amortized cost | 140,740 | 105,667 |
Securities available-for-sale - Gross unrealized gains | 576 | 51 |
Securities available-for-sale - Gross unrealized losses | -1,480 | -2,369 |
Securities available-for-sale - Fair Value | 139,836 | 103,349 |
Securities held-to-maturity: | ' | ' |
Securities held-to-maturity - Amortized cost | 8,843 | 4,982 |
Securities held-to-maturity - Gross unrealized gains | 61 | ' |
Securities held-to-maturity - Gross unrealized losses | ' | -74 |
Securities held-to-maturity - Fair Value | 8,904 | 4,908 |
Commercial Mortgage Backed Securities [Member] | ' | ' |
Securities available-for-sale: | ' | ' |
Securities available-for-sale - Amortized cost | 5,033 | 66,396 |
Securities available-for-sale - Gross unrealized losses | -140 | -4,994 |
Securities available-for-sale - Fair Value | 4,893 | 61,402 |
Securities held-to-maturity: | ' | ' |
Securities held-to-maturity - Amortized cost | 58,475 | ' |
Securities held-to-maturity - Gross unrealized gains | 63 | ' |
Securities held-to-maturity - Gross unrealized losses | -2 | ' |
Securities held-to-maturity - Fair Value | 58,536 | ' |
Asset-backed Securities [Member] | ' | ' |
Securities available-for-sale: | ' | ' |
Securities available-for-sale - Amortized cost | 78,026 | 73,369 |
Securities available-for-sale - Gross unrealized gains | 4 | 1 |
Securities available-for-sale - Gross unrealized losses | -1,369 | -2,293 |
Securities available-for-sale - Fair Value | 76,661 | 71,077 |
Securities held-to-maturity: | ' | ' |
Securities held-to-maturity - Amortized cost | 5,923 | 5,865 |
Securities held-to-maturity - Gross unrealized losses | -131 | -172 |
Securities held-to-maturity - Fair Value | 5,792 | 5,693 |
Corporate Debt Securities [Member] | ' | ' |
Securities available-for-sale: | ' | ' |
Securities available-for-sale - Amortized cost | 7,279 | 4,461 |
Securities available-for-sale - Gross unrealized gains | 13 | ' |
Securities available-for-sale - Gross unrealized losses | ' | -16 |
Securities available-for-sale - Fair Value | 7,292 | 4,445 |
Equity Securities [Member] | ' | ' |
Securities available-for-sale: | ' | ' |
Securities available-for-sale - Amortized cost | 1,250 | 1,393 |
Securities available-for-sale - Gross unrealized gains | 559 | 513 |
Securities available-for-sale - Fair Value | $1,809 | $1,906 |
Note_4_Investment_Securities_D2
Note 4 - Investment Securities (Details) - Maturities of Investment Portfolio (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note 4 - Investment Securities (Details) - Maturities of Investment Portfolio [Line Items] | ' | ' |
Total securities available-for-sale | $348,930 | $357,668 |
Total securities available-for-sale | 349,532 | 349,491 |
Total securities held-to-maturity | 119,302 | 51,972 |
Total securities held-to-maturity | 120,079 | 51,334 |
US Government Agencies Debt Securities [Member] | ' | ' |
Note 4 - Investment Securities (Details) - Maturities of Investment Portfolio [Line Items] | ' | ' |
Total securities available-for-sale | 511 | 513 |
Total securities available-for-sale | 549 | 558 |
Due after one year through five years | 511 | ' |
Due after one year through five years | 549 | ' |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Note 4 - Investment Securities (Details) - Maturities of Investment Portfolio [Line Items] | ' | ' |
Total securities available-for-sale | 11,963 | 15,826 |
Total securities available-for-sale | 12,801 | 16,506 |
Securities available-for-sale, due after ten years - amortized cost | 11,963 | ' |
Securities available-for-sale, due after ten years - fair value | 12,801 | ' |
Residential Agency Pass-Through Securities [Member] | ' | ' |
Note 4 - Investment Securities (Details) - Maturities of Investment Portfolio [Line Items] | ' | ' |
Total securities available-for-sale | 104,128 | 90,043 |
Total securities available-for-sale | 105,691 | 90,248 |
Total securities held-to-maturity | 46,061 | 41,125 |
Total securities held-to-maturity | 46,847 | 40,733 |
Securities available-for-sale, due after five years through ten years - amortized cost | 19,464 | ' |
Securities available-for-sale, due after five years through ten years - fair value | 19,783 | ' |
Securities available-for-sale, due after ten years - amortized cost | 84,664 | ' |
Securities available-for-sale, due after ten years - fair value | 85,908 | ' |
Collateralized Mortgage Obligations [Member] | ' | ' |
Note 4 - Investment Securities (Details) - Maturities of Investment Portfolio [Line Items] | ' | ' |
Total securities available-for-sale | 140,740 | 105,667 |
Total securities available-for-sale | 139,836 | 103,349 |
Total securities held-to-maturity | 8,843 | 4,982 |
Total securities held-to-maturity | 8,904 | 4,908 |
Securities available-for-sale, due after ten years - amortized cost | 140,740 | ' |
Securities available-for-sale, due after ten years - fair value | 139,836 | ' |
Securities held-to-maturity, due after ten years- amortized cost | 8,843 | ' |
Securities held-to-maturity, due after ten years- fair value | 8,904 | ' |
Commercial Mortgage Backed Securities [Member] | ' | ' |
Note 4 - Investment Securities (Details) - Maturities of Investment Portfolio [Line Items] | ' | ' |
Total securities available-for-sale | 5,033 | 66,396 |
Total securities available-for-sale | 4,893 | 61,402 |
Total securities held-to-maturity | 58,475 | ' |
Total securities held-to-maturity | 58,536 | ' |
Securities available-for-sale, due after five years through ten years - amortized cost | 5,033 | ' |
Securities available-for-sale, due after five years through ten years - fair value | 4,892 | ' |
Due after five years through ten years | 58,475 | ' |
Due after five years through ten years | 58,536 | ' |
Asset-backed Securities [Member] | ' | ' |
Note 4 - Investment Securities (Details) - Maturities of Investment Portfolio [Line Items] | ' | ' |
Total securities available-for-sale | 78,026 | 73,369 |
Total securities available-for-sale | 76,661 | 71,077 |
Total securities held-to-maturity | 5,923 | 5,865 |
Total securities held-to-maturity | 5,792 | 5,693 |
Securities available-for-sale, due after ten years - amortized cost | 78,026 | ' |
Securities available-for-sale, due after ten years - fair value | 76,661 | ' |
Securities held-to-maturity, due after ten years- amortized cost | 5,923 | ' |
Securities held-to-maturity, due after ten years- fair value | 5,792 | ' |
Corporate Debt Securities [Member] | ' | ' |
Note 4 - Investment Securities (Details) - Maturities of Investment Portfolio [Line Items] | ' | ' |
Total securities available-for-sale | 7,279 | 4,461 |
Total securities available-for-sale | 7,292 | 4,445 |
Securities available-for-sale, due after five years through ten years - amortized cost | 3,961 | ' |
Securities available-for-sale, due after five years through ten years - fair value | 3,975 | ' |
Securities available-for-sale, due after ten years - amortized cost | 3,318 | ' |
Securities available-for-sale, due after ten years - fair value | 3,318 | ' |
Equity Securities [Member] | ' | ' |
Note 4 - Investment Securities (Details) - Maturities of Investment Portfolio [Line Items] | ' | ' |
Total securities available-for-sale | 1,250 | 1,393 |
Total securities available-for-sale | 1,809 | 1,906 |
Securities available-for-sale, due after ten years - amortized cost | 1,250 | ' |
Securities available-for-sale, due after ten years - fair value | 1,809 | ' |
Residential Mortgage Backed Securities [Member] | ' | ' |
Note 4 - Investment Securities (Details) - Maturities of Investment Portfolio [Line Items] | ' | ' |
Securities held-to-maturity, due after ten years- amortized cost | 46,061 | ' |
Securities held-to-maturity, due after ten years- fair value | $46,847 | ' |
Note_4_Investment_Securities_D3
Note 4 - Investment Securities (Details) - Investment Portfolio Gross Unrealized Losses and Fair Value (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Securities available-for-sale: | ' | ' |
Securities available-for-sale unrealized loss less than 12 months fair value | $63,374 | $190,972 |
Securities available-for-sale unrealized loss less than 12 months unrealized losses | -515 | -7,722 |
Securities available-for-sale unrealized loss 12 months or more fair value | 88,917 | 42,164 |
Securities available-for-sale unrealized loss 12 months or more unrealized losses | -2,623 | -2,486 |
Securities available-for-sale unrealized loss fair value | 152,291 | 233,136 |
Securities available-for-sale unrealized loss unrealized losses | -3,138 | -10,208 |
Securities held-to-maturity: | ' | ' |
Securities Held To Maturity Unrealized Loss less than 12 months fair value | 5,792 | 51,334 |
Securities Held To Maturity Unrealized Loss less than 12 months unrealized losses | -131 | -638 |
Securities Held To Maturity Unrealized Loss 12 months or more fair value | 3,055 | ' |
Securities Held To Maturity Unrealized Loss 12 months or more unrealized losses | -2 | ' |
Securities Held To Maturity Unrealized Loss fair value | 8,847 | 51,334 |
Securities Held To Maturity Unrealized Loss unrealized losses | -133 | -638 |
Residential Agency Pass-Through Securities [Member] | ' | ' |
Securities available-for-sale: | ' | ' |
Securities available-for-sale unrealized loss less than 12 months fair value | 5,841 | 32,674 |
Securities available-for-sale unrealized loss less than 12 months unrealized losses | -6 | -536 |
Securities available-for-sale unrealized loss 12 months or more fair value | 8,295 | ' |
Securities available-for-sale unrealized loss 12 months or more unrealized losses | -143 | ' |
Securities available-for-sale unrealized loss fair value | 14,136 | 32,674 |
Securities available-for-sale unrealized loss unrealized losses | -149 | -536 |
Securities held-to-maturity: | ' | ' |
Securities Held To Maturity Unrealized Loss less than 12 months fair value | ' | 40,733 |
Securities Held To Maturity Unrealized Loss less than 12 months unrealized losses | ' | -392 |
Securities Held To Maturity Unrealized Loss fair value | ' | 40,733 |
Securities Held To Maturity Unrealized Loss unrealized losses | ' | -392 |
Collateralized Debt Obligations [Member] | ' | ' |
Securities available-for-sale: | ' | ' |
Securities available-for-sale unrealized loss less than 12 months fair value | 33,369 | 55,856 |
Securities available-for-sale unrealized loss less than 12 months unrealized losses | -239 | -1,687 |
Securities available-for-sale unrealized loss 12 months or more fair value | 43,214 | 18,167 |
Securities available-for-sale unrealized loss 12 months or more unrealized losses | -1,241 | -682 |
Securities available-for-sale unrealized loss fair value | 76,583 | 74,023 |
Securities available-for-sale unrealized loss unrealized losses | -1,480 | -2,369 |
Securities held-to-maturity: | ' | ' |
Securities Held To Maturity Unrealized Loss less than 12 months fair value | ' | 4,908 |
Securities Held To Maturity Unrealized Loss less than 12 months unrealized losses | ' | -74 |
Securities Held To Maturity Unrealized Loss fair value | ' | 4,908 |
Securities Held To Maturity Unrealized Loss unrealized losses | ' | -74 |
Commercial Mortgage Backed Securities [Member] | ' | ' |
Securities available-for-sale: | ' | ' |
Securities available-for-sale unrealized loss less than 12 months fair value | ' | 42,391 |
Securities available-for-sale unrealized loss less than 12 months unrealized losses | ' | -3,247 |
Securities available-for-sale unrealized loss 12 months or more fair value | 4,892 | 19,011 |
Securities available-for-sale unrealized loss 12 months or more unrealized losses | -140 | -1,747 |
Securities available-for-sale unrealized loss fair value | 4,892 | 61,402 |
Securities available-for-sale unrealized loss unrealized losses | -140 | -4,994 |
Securities held-to-maturity: | ' | ' |
Securities Held To Maturity Unrealized Loss 12 months or more fair value | 3,055 | ' |
Securities Held To Maturity Unrealized Loss 12 months or more unrealized losses | -2 | ' |
Securities Held To Maturity Unrealized Loss fair value | 3,055 | ' |
Securities Held To Maturity Unrealized Loss unrealized losses | -2 | ' |
Asset-backed Securities [Member] | ' | ' |
Securities available-for-sale: | ' | ' |
Securities available-for-sale unrealized loss less than 12 months fair value | 24,164 | 56,106 |
Securities available-for-sale unrealized loss less than 12 months unrealized losses | -270 | -2,236 |
Securities available-for-sale unrealized loss 12 months or more fair value | 32,516 | 4,986 |
Securities available-for-sale unrealized loss 12 months or more unrealized losses | -1,099 | -57 |
Securities available-for-sale unrealized loss fair value | 56,680 | 61,092 |
Securities available-for-sale unrealized loss unrealized losses | -1,369 | -2,293 |
Securities held-to-maturity: | ' | ' |
Securities Held To Maturity Unrealized Loss less than 12 months fair value | 5,792 | 5,693 |
Securities Held To Maturity Unrealized Loss less than 12 months unrealized losses | -131 | -172 |
Securities Held To Maturity Unrealized Loss fair value | 5,792 | 5,693 |
Securities Held To Maturity Unrealized Loss unrealized losses | -131 | -172 |
Corporate Debt Securities [Member] | ' | ' |
Securities available-for-sale: | ' | ' |
Securities available-for-sale unrealized loss less than 12 months fair value | ' | 3,945 |
Securities available-for-sale unrealized loss less than 12 months unrealized losses | ' | -16 |
Securities available-for-sale unrealized loss fair value | ' | 3,945 |
Securities available-for-sale unrealized loss unrealized losses | ' | ($16) |
Note_5_Loans_and_Allowance_for2
Note 5 - Loans and Allowance for Loan Losses (Details) (USD $) | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | |
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] | Purchased Performing Loans [Member] | Purchased Performing Loans [Member] | Troubled Debt Restructurings [Member] | Troubled Debt Restructurings [Member] | Servicing For Other Facility [Member] | Sold with Limited Recourse [Member] | Sold with Limited Recourse [Member] | Sold with Limited Recourse [Member] | Sold with Limited Recourse [Member] | Pledged on FHLB Borrowings [Member] | Pledged on the Federal Reserve Discount Window [Member] | Purchased Credit Impaired Loans [Member] | Purchased Credit Impaired Loans [Member] | Purchased Credit Impaired Loans [Member] | FDIC Loss Share Agreement [Member] | FDIC Loss Share Agreement [Member] | Accruing TDRs [Member] | Accruing TDRs [Member] | Accruing TDRs [Member] | Accruing TDRs [Member] | Troubled Debt Restructurings [Member] | Troubled Debt Restructurings [Member] | Loans Sold to Other Financial Institutions [Member] | Cumulative To Date [Member] | Cumulative To Date [Member] | Outside United States [Member] | Outside United States [Member] | Minimum [Member] | Maximum [Member] | ||||||
Provident Community Bancshares, Inc. [Member] | ||||||||||||||||||||||||||||||||||||||||
Note 5 - Loans and Allowance for Loan Losses (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Net Reported Amount, Covered | $55,500,000 | ' | $55,500,000 | ' | $71,100,000 | $52,800,000 | $68,000,000 | $2,700,000 | $3,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans Receivable, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,700,000 | 3,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,600,000 | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment, Current | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase (Decrease) in Loans Held-for-sale | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13,100,000 | 32,900,000 | 21,400,000 | 63,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans Pledged as Collateral | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 496,400,000 | 472,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Gross | 1,472,155,000 | ' | 1,472,155,000 | ' | 1,295,070,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' |
Loans Receivable, Fair Value Disclosure | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,100,000 | 4,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Qualitative Reserve Applicable Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | 0.15% |
Qualitative Reserve Other Adjustment Rate | 0.05% | ' | 0.05% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Qualitative Reserve Other Maximum Adjustment | 0.50% | ' | 0.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Specific Review Loan Threshold | 1,000,000 | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impaired Financing Receivables Net Impairment Recovery | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -521,000 | -209,000 | ' | 9,000 | -278,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
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, Interest Income, Accrual Method | 107,000 | 166,000 | 241,000 | 250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 107,000 | 166,000 | 241,000 | 250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 775,000 | ' | 775,000 | ' | 17,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impaired Financing Receivable, Unpaid Principal Balance | 15,891,000 | ' | 15,891,000 | ' | 20,080,000 | 200,000,000 | 197,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impaired Financing Receivable, Recorded Investment | 13,811,000 | ' | 13,811,000 | ' | 15,186,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 163,200,000 | 163,200,000 | 163,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of Total Assets | ' | ' | ' | ' | ' | 7.30% | 8.40% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impaired Financing Receivable, Related Allowance | 959,000 | ' | 959,000 | ' | 884,000 | ' | ' | ' | ' | ' | ' | ' | ' | 512,000 | 565,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | ' | 1 | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14 | 11 | ' | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 5,100,000 | ' | 5,100,000 | ' | 8,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 5,206,000 | ' | 5,206,000 | ' | 8,428,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,600,000 | 4,400,000 | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Remaining Borrowing Capacity | $2,700,000 | ' | $2,700,000 | ' | $3,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_5_Loans_and_Allowance_for3
Note 5 - Loans and Allowance for Loan Losses (Details) - Loan Portfolio (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Consumer: | ' | ' |
Total loans | $1,418,129 | $1,224,674 |
Commercial and Industrial [Member] | Purchased Credit Impaired Loans [Member] | ' | ' |
Commercial: | ' | ' |
Commercial and industrial | 7,097 | 5,737 |
Commercial and Industrial [Member] | All Other Loans [Member] | ' | ' |
Commercial: | ' | ' |
Commercial and industrial | 135,876 | 116,663 |
Commercial and Industrial [Member] | Total [Member] | ' | ' |
Commercial: | ' | ' |
Commercial and industrial | 142,973 | 122,400 |
Commercial and Industrial [Member] | ' | ' |
Commercial: | ' | ' |
Total commercial loans | 142,973 | 122,400 |
Commercial Real Estate Owner Occupied [Member] | Purchased Credit Impaired Loans [Member] | ' | ' |
Commercial: | ' | ' |
Commercial real estate loans | 32,445 | 35,760 |
Commercial Real Estate Owner Occupied [Member] | All Other Loans [Member] | ' | ' |
Commercial: | ' | ' |
Commercial real estate loans | 275,069 | 231,821 |
Commercial Real Estate Owner Occupied [Member] | Total [Member] | ' | ' |
Commercial: | ' | ' |
Commercial real estate loans | 307,514 | 267,581 |
Commercial Real Estate Owner Occupied [Member] | ' | ' |
Commercial: | ' | ' |
Total commercial loans | 307,514 | 267,581 |
Commercial Real Estate Investor Income Producing [Member] | Purchased Credit Impaired Loans [Member] | ' | ' |
Commercial: | ' | ' |
Commercial real estate loans | 56,071 | 56,996 |
Commercial Real Estate Investor Income Producing [Member] | All Other Loans [Member] | ' | ' |
Commercial: | ' | ' |
Commercial real estate loans | 401,437 | 325,191 |
Commercial Real Estate Investor Income Producing [Member] | Total [Member] | ' | ' |
Commercial: | ' | ' |
Commercial real estate loans | 457,508 | 382,187 |
Commercial Real Estate Investor Income Producing [Member] | ' | ' |
Commercial: | ' | ' |
Total commercial loans | 457,508 | 382,187 |
AC&D - 1 - 4 Family Construction [Member] | All Other Loans [Member] | ' | ' |
Commercial: | ' | ' |
Loans Receivable | 28,549 | 19,959 |
AC&D - 1 - 4 Family Construction [Member] | Total [Member] | ' | ' |
Commercial: | ' | ' |
Loans Receivable | 28,549 | 19,959 |
AC&D - 1 - 4 Family Construction [Member] | ' | ' |
Commercial: | ' | ' |
Total commercial loans | 28,549 | 19,959 |
AC&D - Lots, Land, & Development [Member] | Purchased Credit Impaired Loans [Member] | ' | ' |
Commercial: | ' | ' |
Loans Receivable | 22,115 | 22,699 |
AC&D - Lots, Land, & Development [Member] | All Other Loans [Member] | ' | ' |
Commercial: | ' | ' |
Loans Receivable | 40,573 | 42,890 |
AC&D - Lots, Land, & Development [Member] | Total [Member] | ' | ' |
Commercial: | ' | ' |
Loans Receivable | 62,688 | 65,589 |
AC&D - Lots, Land, & Development [Member] | ' | ' |
Commercial: | ' | ' |
Total commercial loans | 62,688 | 65,589 |
AC&D - CRE [Member] | Purchased Credit Impaired Loans [Member] | ' | ' |
Commercial: | ' | ' |
Loans Receivable | 117 | 121 |
AC&D - CRE [Member] | All Other Loans [Member] | ' | ' |
Commercial: | ' | ' |
Loans Receivable | 43,484 | 56,638 |
AC&D - CRE [Member] | Total [Member] | ' | ' |
Commercial: | ' | ' |
Loans Receivable | 43,601 | 56,759 |
AC&D - CRE [Member] | ' | ' |
Commercial: | ' | ' |
Total commercial loans | 43,601 | 56,759 |
Other Commercial [Member] | Purchased Credit Impaired Loans [Member] | ' | ' |
Commercial: | ' | ' |
Commercial real estate loans | 2,222 | 137 |
Other Commercial [Member] | All Other Loans [Member] | ' | ' |
Commercial: | ' | ' |
Commercial real estate loans | 4,358 | 3,712 |
Other Commercial [Member] | Total [Member] | ' | ' |
Commercial: | ' | ' |
Commercial real estate loans | 6,580 | 3,849 |
Other Commercial [Member] | ' | ' |
Commercial: | ' | ' |
Total commercial loans | 6,580 | 3,849 |
Residential Mortgage Loans [Member] | Purchased Credit Impaired Loans [Member] | ' | ' |
Consumer: | ' | ' |
Residential mortgage | 31,518 | 32,826 |
Residential Mortgage Loans [Member] | All Other Loans [Member] | ' | ' |
Consumer: | ' | ' |
Residential mortgage | 163,334 | 140,550 |
Residential Mortgage Loans [Member] | Total [Member] | ' | ' |
Consumer: | ' | ' |
Residential mortgage | 194,852 | 173,376 |
Home Equity Lines of Credit [Member] | Purchased Credit Impaired Loans [Member] | ' | ' |
Consumer: | ' | ' |
Home equity lines of credit (HELOC) | 1,850 | 1,402 |
Home Equity Lines of Credit [Member] | All Other Loans [Member] | ' | ' |
Consumer: | ' | ' |
Home equity lines of credit (HELOC) | 152,071 | 142,352 |
Home Equity Lines of Credit [Member] | Total [Member] | ' | ' |
Consumer: | ' | ' |
Home equity lines of credit (HELOC) | 153,921 | 143,754 |
Residential Construction [Member] | Purchased Credit Impaired Loans [Member] | ' | ' |
Consumer: | ' | ' |
Residential construction | 8,666 | 6,920 |
Residential Construction [Member] | All Other Loans [Member] | ' | ' |
Consumer: | ' | ' |
Residential construction | 40,237 | 33,901 |
Residential Construction [Member] | Total [Member] | ' | ' |
Consumer: | ' | ' |
Residential construction | 48,903 | 40,821 |
Other Loans to Individuals [Member] | Purchased Credit Impaired Loans [Member] | ' | ' |
Consumer: | ' | ' |
Other loans to individuals | 1,112 | 1,189 |
Other Loans to Individuals [Member] | All Other Loans [Member] | ' | ' |
Consumer: | ' | ' |
Other loans to individuals | 23,954 | 17,606 |
Other Loans to Individuals [Member] | Total [Member] | ' | ' |
Consumer: | ' | ' |
Other loans to individuals | 25,066 | 18,795 |
Total Consumer Loans [Member] | Purchased Credit Impaired Loans [Member] | ' | ' |
Consumer: | ' | ' |
Total consumer loans | 43,146 | 42,337 |
Total Consumer Loans [Member] | All Other Loans [Member] | ' | ' |
Consumer: | ' | ' |
Total consumer loans | 379,596 | 334,409 |
Total Consumer Loans [Member] | Total [Member] | ' | ' |
Consumer: | ' | ' |
Total consumer loans | 422,742 | 376,746 |
Total Consumer Loans [Member] | ' | ' |
Consumer: | ' | ' |
Total consumer loans | 1,472,155 | 1,295,070 |
Purchased Credit Impaired Loans [Member] | ' | ' |
Commercial: | ' | ' |
Total commercial loans | 120,067 | 121,450 |
Consumer: | ' | ' |
Total loans | 163,213 | 163,787 |
Total loans, net of deferred costs | 163,213 | 163,787 |
All Other Loans [Member] | ' | ' |
Commercial: | ' | ' |
Total commercial loans | 929,346 | 796,874 |
Consumer: | ' | ' |
Total loans | 1,308,942 | 1,131,283 |
Deferred costs | 1,506 | 738 |
Total loans, net of deferred costs | 1,310,448 | 1,132,021 |
Total [Member] | ' | ' |
Commercial: | ' | ' |
Total commercial loans | 1,049,413 | 918,324 |
Consumer: | ' | ' |
Total loans | 1,472,155 | 1,295,070 |
Deferred costs | 1,506 | 738 |
Total loans, net of deferred costs | $1,473,661 | $1,295,808 |
Note_5_Loans_and_Allowance_for4
Note 5 - Loans and Allowance for Loan Losses (Details) - Activity in the Allowance for Loan Losses (USD $) | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Mar. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Mar. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial and Industrial [Member] | Commercial and Industrial [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 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] | 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] | 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] | 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] | 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] | 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] | AC&D - 1 - 4 Family Construction [Member] | AC&D - 1 - 4 Family Construction [Member] | AC&D - 1 - 4 Family Construction [Member] | AC&D - 1 - 4 Family Construction [Member] | AC&D - 1 - 4 Family Construction [Member] | AC&D - Lots, Land, & Development [Member] | AC&D - Lots, Land, & Development [Member] | AC&D - Lots, Land, & Development [Member] | AC&D - Lots, Land, & Development [Member] | AC&D - Lots, Land, & Development [Member] | AC&D - Lots, Land, & Development [Member] | AC&D - Lots, Land, & Development [Member] | AC&D - CRE [Member] | AC&D - CRE [Member] | AC&D - CRE [Member] | AC&D - CRE [Member] | AC&D - CRE [Member] | AC&D - CRE [Member] | AC&D - CRE [Member] | Other Commercial [Member] | Other Commercial [Member] | Other Commercial [Member] | Other Commercial [Member] | Other Commercial [Member] | Other Commercial [Member] | Other Commercial [Member] | Other Commercial [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] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [Member] | Residential Mortgage Loans [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] | 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] | 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] | Residential Construction [Member] | Residential Construction [Member] | Residential Construction [Member] | Residential Construction [Member] | Residential Construction [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] | 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] | Other Loans to Individuals [Member] | Other Loans to Individuals [Member] | Other Loans to Individuals [Member] | Other Loans to Individuals [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] | ||||
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] | 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] | 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] | 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] | 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] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | PCI Loans [Member] | PCI 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] | 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] | 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] | 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] | 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] | 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] | Before Impairment [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] | 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] | Before Impairment [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] | Before Impairment [Member] | Before Benefit Attributable to FDIC Loss Share Agreement [Member] | Before Impairment [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] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Note 5 - Loans and Allowance for Loan Losses (Details) - Activity in the Allowance for Loan Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance | $8,831,000 | ' | ' | $1,547,000 | $1,676,000 | $1,491,000 | $849,000 | ' | ' | ' | ' | ' | ' | $225,000 | ' | ' | $1,773,000 | $1,491,000 | $1,801,000 | $431,000 | $322,000 | $399,000 | $496,000 | ' | ' | ' | $473,000 | $399,000 | $343,000 | $1,550,000 | $1,235,000 | $1,797,000 | $1,102,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $518,000 | ' | $360,000 | ' | ' | $1,425,000 | $2,157,000 | $1,420,000 | $4,218,000 | $4,157,000 | ' | ' | ' | ' | ' | $385,000 | $542,000 | $4,375,000 | $754,000 | $839,000 | ' | $1,215,000 | $839,000 | $1,580,000 | $1,751,000 | ' | ' | ' | $1,446,000 | $1,751,000 | $222,000 | $299,000 | ' | ' | ' | $223,000 | $299,000 | $26,000 | $6,000 | $25,000 | $8,000 | ' | ' | ' | ' | ' | ' | $51,000 | $25,000 | $4,000 | $573,000 | $349,000 | $358,000 | $454,000 | ' | ' | ' | ' | $318,000 | ' | $200,000 | ' | $372,000 | $358,000 | $661,000 | $1,408,000 | $1,440,000 | $1,050,000 | $1,463,000 | ' | ' | ' | $1,000 | ' | ' | ' | $3,000 | $1,452,000 | $1,050,000 | $1,314,000 | $382,000 | $450,000 | $390,000 | $1,046,000 | ' | ' | ' | ' | $1,000 | $245,000 | ' | ' | $651,000 | $390,000 | $807,000 | $80,000 | $66,000 | $72,000 | $49,000 | ' | ' | ' | $3,000 | ' | ' | $36,000 | $97,000 | $72,000 | $122,000 | $8,553,000 | $9,762,000 | $8,471,000 | $9,624,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $523,000 | $987,000 | $360,000 | $967,000 | ' |
Provision for loan losses | -382,000 | 384,000 | ' | 162,000 | 407,000 | 76,000 | 1,201,000 | ' | 216,000 | -9,000 | 104,000 | 104,000 | 112,000 | -113,000 | ' | ' | ' | ' | ' | -209,000 | 57,000 | -179,000 | -120,000 | ' | ' | ' | ' | ' | ' | -137,000 | -101,000 | -186,000 | 105,000 | ' | -517,000 | 1,000 | -354,000 | 17,000 | 8,000 | 1,000 | -279,000 | 1,000 | -16,000 | -526,000 | ' | -76,000 | 16,000 | ' | ' | ' | ' | -687,000 | -975,000 | 35,000 | -108,000 | 192,000 | 192,000 | -14,000 | -157,000 | -300,000 | ' | 412,000 | 327,000 | ' | ' | ' | -493,000 | -1,472,000 | ' | ' | ' | ' | ' | 1,000 | -76,000 | ' | ' | ' | ' | ' | 25,000 | -2,000 | 25,000 | -4,000 | ' | 386,000 | -386,000 | 386,000 | ' | ' | ' | ' | ' | -212,000 | -101,000 | 4,000 | -215,000 | ' | 76,000 | 1,000 | 194,000 | 76,000 | 1,000 | 194,000 | ' | ' | ' | ' | 356,000 | 364,000 | 769,000 | 398,000 | ' | 144,000 | 3,000 | ' | 144,000 | 3,000 | ' | ' | ' | ' | ' | 238,000 | 39,000 | 225,000 | -562,000 | ' | -1,000 | 44,000 | 289,000 | -1,000 | 44,000 | 289,000 | ' | ' | ' | ' | 22,000 | 24,000 | 36,000 | 45,000 | ' | -3,000 | 36,000 | -3,000 | 36,000 | ' | ' | ' | ' | ' | 165,000 | ' | -451,000 | -127,000 | ' | -521,000 | 372,000 | -209,000 | 808,000 | 8,000 | 297,000 | -279,000 | 297,000 | -416,000 | -530,000 | 75,000 | 69,000 | 511,000 | ' |
Benefit attributable to FDIC loss share agreements | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -104,000 | -104,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -9,000 | -1,000 | 278,000 | -1,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -192,000 | -192,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -9,000 | -297,000 | 278,000 | -297,000 | ' |
Charge-Offs | ' | ' | ' | ' | -543,000 | ' | -556,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -40,000 | ' | -40,000 | ' | ' | ' | ' | ' | ' | ' | -18,000 | -273,000 | -221,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,000 | ' | ' | ' | ' | ' | -6,000 | -6,000 | ' | ' | ' | ' | ' | 25,000 | 25,000 | ' | -15,000 | -15,000 | ' | ' | ' | ' | -4,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -52,000 | -2,000 | -63,000 | -4,000 | ' | ' | ' | ' | ' | -1,000 | ' | ' | ' | ' | ' | -332,000 | -509,000 | -398,000 | -591,000 | ' | ' | ' | -1,000 | -144,000 | ' | ' | ' | ' | ' | ' | ' | -2,000 | -7,000 | -2,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -12,000 | -13,000 | -22,000 | -29,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -411,000 | -1,133,000 | -782,000 | -1,449,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,000 | 25,000 | -150,000 | 25,000 | ' |
Recoveries | ' | ' | ' | 64,000 | 45,000 | 206,000 | 91,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 251,000 | 4,000 | 253,000 | 7,000 | ' | ' | ' | ' | ' | ' | 12,000 | 303,000 | 87,000 | 433,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 405,000 | 754,000 | ' | ' | ' | ' | ' | ' | ' | ' | 64,000 | 64,000 | ' | ' | ' | 359,000 | 1,171,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 63,000 | 21,000 | 73,000 | 32,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,000 | 16,000 | 31,000 | 41,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31,000 | 31,000 | 43,000 | 36,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,000 | 9,000 | 11,000 | 21,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 871,000 | 834,000 | 1,940,000 | 1,415,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net charge-offs | ' | ' | ' | 64,000 | -498,000 | 206,000 | -465,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 251,000 | -36,000 | 253,000 | -33,000 | ' | ' | ' | ' | ' | ' | 12,000 | 285,000 | -186,000 | 212,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,000 | -16,000 | ' | ' | ' | ' | 399,000 | 748,000 | ' | ' | ' | ' | ' | 25,000 | 11,000 | ' | 49,000 | 49,000 | ' | ' | ' | 359,000 | 1,167,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000 | ' | ' | ' | ' | -386,000 | ' | ' | ' | ' | ' | 11,000 | 19,000 | 10,000 | 28,000 | ' | ' | ' | ' | ' | -1,000 | ' | ' | ' | ' | ' | -312,000 | -493,000 | -367,000 | -550,000 | ' | ' | ' | -1,000 | -144,000 | ' | ' | ' | ' | ' | ' | 31,000 | 29,000 | 36,000 | 34,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,000 | -4,000 | -11,000 | -8,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 460,000 | -299,000 | 1,158,000 | -34,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,000 | 25,000 | -150,000 | -391,000 | ' |
Balance | 9,178,000 | 10,847,000 | ' | 1,773,000 | 1,585,000 | 1,773,000 | 1,585,000 | ' | ' | ' | ' | ' | 216,000 | 216,000 | ' | ' | 1,773,000 | 1,491,000 | 1,801,000 | 473,000 | 343,000 | 473,000 | 343,000 | ' | ' | ' | 473,000 | 399,000 | 343,000 | 1,425,000 | 1,419,000 | 1,425,000 | 1,419,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000 | ' | 1,000 | ' | 1,425,000 | 2,157,000 | 1,420,000 | 3,930,000 | 3,930,000 | ' | ' | ' | ' | ' | 445,000 | 445,000 | 4,375,000 | 1,215,000 | 1,215,000 | ' | 1,215,000 | 839,000 | 1,446,000 | 1,446,000 | ' | ' | ' | 1,446,000 | 1,751,000 | 223,000 | 223,000 | ' | ' | ' | 223,000 | 299,000 | 51,000 | 4,000 | 51,000 | 4,000 | ' | ' | ' | ' | ' | ' | 51,000 | 25,000 | 4,000 | 372,000 | 267,000 | 372,000 | 267,000 | ' | ' | ' | ' | 394,000 | ' | 394,000 | ' | 372,000 | 358,000 | 661,000 | 1,452,000 | 1,311,000 | 1,452,000 | 1,311,000 | ' | ' | ' | ' | ' | 3,000 | ' | 3,000 | 1,452,000 | 1,050,000 | 1,314,000 | 651,000 | 518,000 | 651,000 | 518,000 | ' | ' | ' | ' | ' | 289,000 | 289,000 | ' | 651,000 | 390,000 | 807,000 | 97,000 | 86,000 | 97,000 | 86,000 | ' | ' | ' | ' | 36,000 | ' | 36,000 | 97,000 | 72,000 | 122,000 | 9,178,000 | 9,463,000 | 9,178,000 | 9,463,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,384,000 | ' | 1,384,000 | ' |
Recorded Investment In Loans: Individually evaluated for impairment | 13,811,000 | ' | 15,186,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 791,000 | 265,000 | ' | ' | ' | ' | ' | ' | ' | ' | 3,063,000 | 1,902,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,356,000 | 3,216,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,141,000 | 1,888,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 257,000 | 262,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,351,000 | 4,513,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,159,000 | 3,014,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 628,000 | 66,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 65,000 | 60,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recorded Investment In Loans: Collectively evaluated for impairment | 1,295,131,000 | ' | 1,116,097,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 135,085,000 | 116,398,000 | ' | ' | ' | ' | ' | ' | ' | ' | 272,006,000 | 229,919,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 400,081,000 | 321,975,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28,549,000 | 19,959,000 | ' | ' | ' | ' | ' | 39,432,000 | 41,002,000 | ' | ' | ' | ' | ' | 43,484,000 | 56,638,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,101,000 | 3,450,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 159,983,000 | 136,037,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 148,912,000 | 139,338,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 39,609,000 | 33,835,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 23,889,000 | 17,546,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recorded Investment In Loans: Ending Balance | 1,472,155,000 | ' | 1,295,070,000 | 135,876,000 | ' | 135,876,000 | ' | 116,663,000 | ' | ' | ' | ' | ' | ' | 7,097,000 | 5,737,000 | 142,973,000 | 122,400,000 | ' | 275,069,000 | ' | 275,069,000 | ' | 231,821,000 | 32,445,000 | 35,760,000 | 307,514,000 | 267,581,000 | ' | 401,437,000 | ' | 401,437,000 | ' | 325,191,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 56,071,000 | ' | 56,071,000 | ' | 56,996,000 | 457,508,000 | 382,187,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28,549,000 | 28,549,000 | 19,959,000 | 28,549,000 | 19,959,000 | 40,573,000 | 40,573,000 | 42,890,000 | 22,115,000 | 22,699,000 | 62,688,000 | 65,589,000 | 43,484,000 | 43,484,000 | 56,638,000 | 117,000 | 121,000 | 43,601,000 | 56,759,000 | 4,358,000 | ' | 4,358,000 | ' | 3,712,000 | ' | ' | ' | 2,222,000 | 137,000 | 6,580,000 | 3,849,000 | ' | 163,334,000 | ' | 163,334,000 | ' | 140,550,000 | ' | ' | ' | ' | 31,518,000 | ' | 32,826,000 | 194,852,000 | 173,376,000 | ' | 152,071,000 | ' | 152,071,000 | ' | 142,352,000 | ' | ' | 1,850,000 | 1,850,000 | ' | 1,402,000 | ' | 153,921,000 | 143,754,000 | ' | 40,237,000 | ' | 40,237,000 | ' | 33,901,000 | ' | ' | ' | 8,666,000 | ' | ' | 6,920,000 | 48,903,000 | 40,821,000 | ' | 23,954,000 | ' | 23,954,000 | ' | 17,606,000 | ' | ' | 1,112,000 | ' | 1,189,000 | ' | 25,066,000 | 18,795,000 | ' | 1,308,942,000 | ' | 1,308,942,000 | ' | 1,131,283,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 163,213,000 | ' | 163,213,000 | ' | 163,787,000 |
Allowance for Loan Losses: Individually evaluated for impairment | 959,000 | ' | 884,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,000 | 14,000 | ' | ' | ' | ' | ' | ' | ' | ' | 30,000 | 14,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 68,000 | 527,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 43,000 | 18,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 171,000 | 167,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 415,000 | 137,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 193,000 | 7,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for Loan Losses: Collectively evaluated for impairment | $8,219,000 | ' | $7,587,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,753,000 | $1,477,000 | ' | ' | ' | ' | ' | ' | ' | ' | $443,000 | $385,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,357,000 | $1,270,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,215,000 | $839,000 | ' | ' | ' | ' | ' | $1,438,000 | $1,751,000 | ' | ' | ' | ' | ' | $223,000 | $299,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $8,000 | $7,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $201,000 | $191,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,037,000 | $913,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $458,000 | $383,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $86,000 | $72,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_5_Loans_and_Allowance_for5
Note 5 - Loans and Allowance for Loan Losses (Details) - Look Back Periods to Determine Quantitative Reserve | 6 Months Ended | 12 Months Ended |
Jun. 30, 2014 | Dec. 31, 2013 | |
Commercial: | ' | ' |
Look back period- Financing receivable | '15 years | ' |
Commercial and Industrial [Member] | ' | ' |
Commercial: | ' | ' |
Look back period- Financing receivable | '15 years | '15 years |
CRE - Owner Occupied [Member] | ' | ' |
Commercial: | ' | ' |
Look back period- Financing receivable | '15 years | ' |
CRE-Investor Income Producing [Member] | ' | ' |
Commercial: | ' | ' |
Look back period- Financing receivable | '15 years | '15 years |
AC&D - 1 - 4 Family Construction [Member] | ' | ' |
Commercial: | ' | ' |
Look back period- Financing receivable | '15 years | '15 years |
AC&D - Lots, Land, & Development [Member] | ' | ' |
Commercial: | ' | ' |
Look back period- Financing receivable | '15 years | '15 years |
AC&D - CRE [Member] | ' | ' |
Commercial: | ' | ' |
Look back period- Financing receivable | '15 years | ' |
Other Commercial [Member] | ' | ' |
Commercial: | ' | ' |
Look back period- Financing receivable | '15 years | ' |
Residential Mortgage Loans [Member] | ' | ' |
Commercial: | ' | ' |
Look back period- Financing receivable | '15 years | '12 years |
Home Equity Lines of Credit [Member] | ' | ' |
Commercial: | ' | ' |
Look back period- Financing receivable | '15 years | '12 years |
Residential Construction [Member] | ' | ' |
Commercial: | ' | ' |
Look back period- Financing receivable | '14 years | '12 years |
Note_5_Loans_and_Allowance_for6
Note 5 - Loans and Allowance for Loan Losses (Details) - Commercial Loans by Credit Quality Indicators (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Commercial and Industrial [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | $140,943 | $120,037 |
Commercial and Industrial [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 909 | 1,692 |
Commercial and Industrial [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 1,121 | 671 |
Commercial and Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 142,973 | 122,400 |
Commercial Real Estate Owner Occupied [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 303,489 | 260,472 |
Commercial Real Estate Owner Occupied [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 1,901 | 6,126 |
Commercial Real Estate Owner Occupied [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 2,124 | 983 |
Commercial Real Estate Owner Occupied [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 307,514 | 267,581 |
Commercial Real Estate Investor Income Producing [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 448,691 | 373,464 |
Commercial Real Estate Investor Income Producing [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 6,392 | 3,628 |
Commercial Real Estate Investor Income Producing [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 2,425 | 5,095 |
Commercial Real Estate Investor Income Producing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 457,508 | 382,187 |
AC&D - 1 - 4 Family Construction [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 28,549 | 19,959 |
AC&D - 1 - 4 Family Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 28,549 | 19,959 |
AC&D - Lots, Land, & Development [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 59,271 | 60,332 |
AC&D - Lots, Land, & Development [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 1,755 | 2,802 |
AC&D - Lots, Land, & Development [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 1,662 | 2,455 |
AC&D - Lots, Land, & Development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 62,688 | 65,589 |
AC&D - CRE [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 43,601 | 56,759 |
AC&D - CRE [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 43,601 | 56,759 |
Other Commercial [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 6,323 | 3,587 |
Other Commercial [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 145 | 150 |
Other Commercial [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 112 | 112 |
Other Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 6,580 | 3,849 |
Total Commercial [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 1,030,867 | 894,610 |
Total Commercial [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 11,102 | 14,398 |
Total Commercial [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | 7,444 | 9,316 |
Total Commercial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans receivable | $1,049,413 | $918,324 |
Note_5_Loans_and_Allowance_for7
Note 5 - Loans and Allowance for Loan Losses (Details) - Consumer Loans By Credit Quality Indicators (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Residential Mortgage Loans [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | $191,881 | $169,519 |
Residential Mortgage Loans [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 1,517 | 1,864 |
Residential Mortgage Loans [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 1,454 | 1,993 |
Residential Mortgage Loans [Member] | Total Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 194,852 | 173,376 |
Home Equity Lines of Credit [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 148,698 | 137,626 |
Home Equity Lines of Credit [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 2,152 | 2,893 |
Home Equity Lines of Credit [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 3,071 | 3,235 |
Home Equity Lines of Credit [Member] | Total Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 153,921 | 143,754 |
Residential Construction [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 48,154 | 39,824 |
Residential Construction [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 121 | 766 |
Residential Construction [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 628 | 231 |
Residential Construction [Member] | Total Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 48,903 | 40,821 |
Other Loans to Individuals [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 25,001 | 18,301 |
Other Loans to Individuals [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 63 | 488 |
Other Loans to Individuals [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 2 | 6 |
Other Loans to Individuals [Member] | Total Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 25,066 | 18,795 |
Total Consumer Loans [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 413,734 | 365,270 |
Total Consumer Loans [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 3,853 | 6,011 |
Total Consumer Loans [Member] | Classified [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 5,155 | 5,465 |
Total Consumer Loans [Member] | Total Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | 422,742 | 376,746 |
Total Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans Receivable | $1,472,155 | $1,295,070 |
Note_5_Loans_and_Allowance_for8
Note 5 - Loans and Allowance for Loan Losses (Details) - Aging Analysis of Accruing and Non-Accruing Loans (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Commercial: | ' | ' |
Financing Receivable - Past Due 90 Days or More | $775 | $17 |
Financing Receivable - PCI Loans | 1,418,129 | 1,224,674 |
Financing Receivable - Nonaccrual | 5,206 | 8,428 |
Purchased Credit Impaired Loans [Member] | Commercial and Industrial [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - PCI Loans | 7,097 | 5,737 |
Purchased Credit Impaired Loans [Member] | Commercial Real Estate Owner Occupied [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - PCI Loans | 32,445 | 35,760 |
Purchased Credit Impaired Loans [Member] | Commercial Real Estate Investor Income Producing [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - PCI Loans | 56,071 | 56,996 |
Purchased Credit Impaired Loans [Member] | AC&D - Lots, Land, & Development [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - PCI Loans | 22,115 | 22,699 |
Purchased Credit Impaired Loans [Member] | AC&D - CRE [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - PCI Loans | 117 | 121 |
Purchased Credit Impaired Loans [Member] | Other Commercial [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - PCI Loans | 2,222 | 137 |
Purchased Credit Impaired Loans [Member] | Total Commercial [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - PCI Loans | 120,067 | 121,450 |
Purchased Credit Impaired Loans [Member] | Residential Mortgage Loans [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - PCI Loans | 31,518 | 32,826 |
Purchased Credit Impaired Loans [Member] | Home Equity Lines of Credit [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - PCI Loans | 1,850 | 1,402 |
Purchased Credit Impaired Loans [Member] | Residential Construction [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - PCI Loans | 8,666 | 6,920 |
Purchased Credit Impaired Loans [Member] | Other Loans to Individuals [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - PCI Loans | 1,112 | 1,189 |
Purchased Credit Impaired Loans [Member] | Total Consumer Loans [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - PCI Loans | 43,146 | 42,337 |
Purchased Credit Impaired Loans [Member] | Total [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - PCI Loans | 163,213 | 163,787 |
Commercial and Industrial [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - 30-59 Days Past Due | 109 | 96 |
Financing Receivable - 60-89 Days Past Due | 1,162 | 52 |
Financing Receivable - Past Due 90 Days or More | 122 | 149 |
Financing Receivable - Nonaccrual | 134,483 | 116,366 |
Financing Receivable - Current | 142,973 | 122,400 |
Commercial Real Estate Owner Occupied [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - 30-59 Days Past Due | 1,549 | 418 |
Financing Receivable - Past Due 90 Days or More | 176 | 209 |
Financing Receivable - Nonaccrual | 273,344 | 231,194 |
Financing Receivable - Current | 307,514 | 267,581 |
Commercial Real Estate Investor Income Producing [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - 30-59 Days Past Due | 63 | 655 |
Financing Receivable - 60-89 Days Past Due | 1,462 | ' |
Financing Receivable - Past Due 90 Days or More | 457 | 3,161 |
Financing Receivable - Nonaccrual | 399,455 | 321,375 |
Financing Receivable - Current | 457,508 | 382,187 |
AC&D - 1 - 4 Family Construction [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - Nonaccrual | 28,549 | 19,959 |
Financing Receivable - Current | 28,549 | 19,959 |
AC&D - Lots, Land, & Development [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - 30-59 Days Past Due | ' | 48 |
Financing Receivable - 60-89 Days Past Due | 393 | ' |
Financing Receivable - Past Due 90 Days or More | 399 | 292 |
Financing Receivable - Nonaccrual | 39,781 | 42,550 |
Financing Receivable - Current | 62,688 | 65,589 |
AC&D - CRE [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - Nonaccrual | 43,484 | 56,638 |
Financing Receivable - Current | 43,601 | 56,759 |
Other Commercial [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - 60-89 Days Past Due | ' | 112 |
Financing Receivable - Past Due 90 Days or More | 112 | ' |
Financing Receivable - Nonaccrual | 4,246 | 3,600 |
Financing Receivable - Current | 6,580 | 3,849 |
Total Commercial [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - 30-59 Days Past Due | 1,721 | 1,217 |
Financing Receivable - 60-89 Days Past Due | 3,017 | 164 |
Financing Receivable - Past Due 90 Days or More | 1,266 | 3,811 |
Financing Receivable - Nonaccrual | 923,342 | 791,682 |
Financing Receivable - Current | 1,049,413 | 918,324 |
Residential Mortgage Loans [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - 60-89 Days Past Due | 209 | 32 |
Financing Receivable - Past Due 90 Days or More | 437 | 1,340 |
Financing Receivable - Nonaccrual | 162,688 | 139,178 |
Financing Receivable - Current | 194,852 | 173,376 |
Home Equity Lines of Credit [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - 30-59 Days Past Due | 238 | 248 |
Financing Receivable - 60-89 Days Past Due | 367 | 160 |
Financing Receivable - Past Due 90 Days or More | 345 | 698 |
Financing Receivable - Nonaccrual | 151,121 | 141,246 |
Financing Receivable - Current | 153,921 | 143,754 |
Residential Construction [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - 30-59 Days Past Due | 58 | 25 |
Financing Receivable - Past Due 90 Days or More | 394 | 66 |
Financing Receivable - Nonaccrual | 39,785 | 33,810 |
Financing Receivable - Current | 48,903 | 40,821 |
Other Loans to Individuals [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - 30-59 Days Past Due | 70 | 14 |
Financing Receivable - 60-89 Days Past Due | 3 | 11 |
Financing Receivable - Past Due 90 Days or More | 280 | ' |
Financing Receivable - Nonaccrual | 23,601 | 17,581 |
Financing Receivable - Current | 25,066 | 18,795 |
Total Consumer Loans [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - 30-59 Days Past Due | 366 | 287 |
Financing Receivable - 60-89 Days Past Due | 579 | 203 |
Financing Receivable - Past Due 90 Days or More | 1,456 | 2,104 |
Financing Receivable - Nonaccrual | 377,195 | 331,815 |
Financing Receivable - Current | 422,742 | 376,746 |
Total [Member] | ' | ' |
Commercial: | ' | ' |
Financing Receivable - 30-59 Days Past Due | 2,087 | 1,504 |
Financing Receivable - 60-89 Days Past Due | 3,596 | 367 |
Financing Receivable - Past Due 90 Days or More | 2,722 | 5,915 |
Financing Receivable - PCI Loans | 1,472,155 | 1,295,070 |
Financing Receivable - Nonaccrual | 1,300,537 | 1,123,497 |
Financing Receivable - Current | $1,472,155 | $1,295,070 |
Note_5_Loans_and_Allowance_for9
Note 5 - Loans and Allowance for Loan Losses (Details) - Impaired Loans (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Commercial: | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | $9,016 | $9,708 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 10,915 | 13,999 |
Commercial: | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 4,795 | 5,478 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 4,976 | 6,081 |
Impaired Loans with an Allowance Recorded Related Allowance | 959 | 884 |
Commercial: | ' | ' |
Impaired Loans Recorded Investment | 13,811 | 15,186 |
Impaired Loans Unpaid Principal Balance | 15,891 | 20,080 |
Impaired Loans Related Allowance | 959 | 884 |
Commercial and Industrial [Member] | ' | ' |
Commercial: | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | 667 | 183 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 958 | 473 |
Commercial: | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 124 | 82 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 135 | 90 |
Impaired Loans with an Allowance Recorded Related Allowance | 20 | 14 |
Commercial: | ' | ' |
Impaired Loans Recorded Investment | 791 | 265 |
Impaired Loans Unpaid Principal Balance | 1,093 | 563 |
Impaired Loans Related Allowance | 20 | 14 |
Commercial Real Estate Owner Occupied [Member] | ' | ' |
Commercial: | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | 2,880 | 1,815 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 2,969 | 1,955 |
Commercial: | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 183 | 87 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 188 | 88 |
Impaired Loans with an Allowance Recorded Related Allowance | 30 | 14 |
Commercial: | ' | ' |
Impaired Loans Recorded Investment | 3,063 | 1,902 |
Impaired Loans Unpaid Principal Balance | 3,157 | 2,043 |
Impaired Loans Related Allowance | 30 | 14 |
Commercial Real Estate Investor Income Producing [Member] | ' | ' |
Commercial: | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | 941 | 30 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 949 | 47 |
Commercial: | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 415 | 3,186 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 422 | 3,673 |
Impaired Loans with an Allowance Recorded Related Allowance | 68 | 527 |
Commercial: | ' | ' |
Impaired Loans Recorded Investment | 1,356 | 3,216 |
Impaired Loans Unpaid Principal Balance | 1,371 | 3,720 |
Impaired Loans Related Allowance | 68 | 527 |
AC&D - Lots, Land, & Development [Member] | ' | ' |
Commercial: | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | 1,093 | 1,888 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 1,206 | 4,475 |
Commercial: | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 48 | ' |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 49 | ' |
Impaired Loans with an Allowance Recorded Related Allowance | 8 | ' |
Commercial: | ' | ' |
Impaired Loans Recorded Investment | 1,141 | 1,888 |
Impaired Loans Unpaid Principal Balance | 1,255 | 4,475 |
Impaired Loans Related Allowance | 8 | ' |
Other Commercial [Member] | ' | ' |
Commercial: | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | ' | 150 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | ' | 167 |
Commercial: | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 257 | 112 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 274 | 112 |
Impaired Loans with an Allowance Recorded Related Allowance | 43 | 18 |
Commercial: | ' | ' |
Impaired Loans Recorded Investment | 257 | 262 |
Impaired Loans Unpaid Principal Balance | 274 | 279 |
Impaired Loans Related Allowance | 43 | 18 |
Total Commercial [Member] | ' | ' |
Commercial: | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | 5,581 | 4,066 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 6,082 | 7,117 |
Commercial: | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 1,027 | 3,467 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 1,068 | 3,963 |
Impaired Loans with an Allowance Recorded Related Allowance | 169 | 573 |
Commercial: | ' | ' |
Impaired Loans Recorded Investment | 6,608 | 7,533 |
Impaired Loans Unpaid Principal Balance | 7,150 | 11,080 |
Impaired Loans Related Allowance | 169 | 573 |
Residential Mortgage Loans [Member] | ' | ' |
Commercial: | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | 2,006 | 3,080 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 2,798 | 3,926 |
Commercial: | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 1,346 | 1,433 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 1,407 | 1,485 |
Impaired Loans with an Allowance Recorded Related Allowance | 171 | 167 |
Commercial: | ' | ' |
Impaired Loans Recorded Investment | 3,352 | 4,513 |
Impaired Loans Unpaid Principal Balance | 4,205 | 5,411 |
Impaired Loans Related Allowance | 171 | 167 |
Home Equity Lines of Credit [Member] | ' | ' |
Commercial: | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | 1,411 | 2,478 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 1,996 | 2,855 |
Commercial: | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 1,748 | 536 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 1,818 | 587 |
Impaired Loans with an Allowance Recorded Related Allowance | 415 | 137 |
Commercial: | ' | ' |
Impaired Loans Recorded Investment | 3,159 | 3,014 |
Impaired Loans Unpaid Principal Balance | 3,814 | 3,442 |
Impaired Loans Related Allowance | 415 | 137 |
Residential Construction [Member] | ' | ' |
Commercial: | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | 18 | 26 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 39 | 39 |
Commercial: | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 609 | 40 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 615 | 42 |
Impaired Loans with an Allowance Recorded Related Allowance | 193 | 7 |
Commercial: | ' | ' |
Impaired Loans Recorded Investment | 627 | 66 |
Impaired Loans Unpaid Principal Balance | 654 | 81 |
Impaired Loans Related Allowance | 193 | 7 |
Other Loans to Individuals [Member] | ' | ' |
Commercial: | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | ' | 58 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | ' | 62 |
Commercial: | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 65 | 2 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 68 | 4 |
Impaired Loans with an Allowance Recorded Related Allowance | 11 | ' |
Commercial: | ' | ' |
Impaired Loans Recorded Investment | 65 | 60 |
Impaired Loans Unpaid Principal Balance | 68 | 66 |
Impaired Loans Related Allowance | 11 | ' |
Total Consumer Loans [Member] | ' | ' |
Commercial: | ' | ' |
Impaired Loans with No Related Allowance Recorded Recorded Investment | 3,435 | 5,642 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 4,833 | 6,882 |
Commercial: | ' | ' |
Impaired Loans with an Allowance Recorded Recorded Investment | 3,768 | 2,011 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 3,908 | 2,118 |
Impaired Loans with an Allowance Recorded Related Allowance | 790 | 311 |
Commercial: | ' | ' |
Impaired Loans Recorded Investment | 7,203 | 7,653 |
Impaired Loans Unpaid Principal Balance | 8,741 | 9,000 |
Impaired Loans Related Allowance | $790 | $311 |
Recovered_Sheet1
Note 5 - Loans and Allowance for Loan Losses (Details) - Average Recorded Investment and Interest Income Recognized on Impaired Loans (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Commercial: | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | $9,449 | $9,381 | $9,305 | $12,842 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 85 | 121 | 204 | 156 |
Commercial: | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 4,334 | 6,651 | 5,656 | 4,114 |
Impaired Loans with an Allowance Recorded Interest Income Recognized | 22 | 45 | 37 | 94 |
Commercial: | ' | ' | ' | ' |
Impaired Loans Average Recorded Investment | 13,783 | 16,032 | 14,961 | 16,956 |
Impaired Loans Interest Income Recognized | 107 | 166 | 241 | 250 |
Commercial and Industrial [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 667 | 297 | 391 | 476 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 6 | ' | 14 | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 135 | 1,010 | 246 | 521 |
Impaired Loans with an Allowance Recorded Interest Income Recognized | ' | ' | ' | 1 |
Commercial: | ' | ' | ' | ' |
Impaired Loans Average Recorded Investment | 802 | 1,307 | 637 | 997 |
Impaired Loans Interest Income Recognized | 6 | ' | 14 | 1 |
CRE - Owner Occupied [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 2,881 | 2,135 | 2,328 | 1,602 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 15 | ' | 46 | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 165 | ' | 113 | 12 |
Impaired Loans with an Allowance Recorded Interest Income Recognized | 1 | ' | 3 | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans Average Recorded Investment | 3,046 | 2,135 | 2,441 | 1,614 |
Impaired Loans Interest Income Recognized | 16 | ' | 49 | ' |
CRE-Investor Income Producing [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 945 | 224 | 456 | 2,471 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 7 | 106 | 17 | 123 |
Commercial: | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 242 | 3,644 | 2,204 | 1,531 |
Impaired Loans with an Allowance Recorded Interest Income Recognized | 3 | 38 | 3 | 75 |
Commercial: | ' | ' | ' | ' |
Impaired Loans Average Recorded Investment | 1,187 | 3,868 | 2,660 | 4,002 |
Impaired Loans Interest Income Recognized | 10 | 144 | 20 | 198 |
ACAndD [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | ' | 2,936 | ' | 5,250 |
Commercial: | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Average Recorded Investment | ' | 125 | ' | 341 |
Commercial: | ' | ' | ' | ' |
Impaired Loans Average Recorded Investment | ' | 3,061 | ' | 5,591 |
AC&D - 1 - 4 Family Construction [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 48 | ' | 19 | ' |
Impaired Loans with an Allowance Recorded Interest Income Recognized | ' | ' | 2 | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans Average Recorded Investment | 48 | ' | 19 | ' |
Impaired Loans Interest Income Recognized | ' | ' | 2 | ' |
AC&D - Lots, Land, & Development [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 1,102 | ' | 1,738 | ' |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 34 | ' | 78 | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 48 | ' | 69 | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans Average Recorded Investment | 1,150 | ' | 1,807 | ' |
Impaired Loans Interest Income Recognized | 34 | ' | 78 | ' |
Other Commercial [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 74 | 160 | 122 | 162 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | ' | ' | 4 | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 184 | ' | 96 | ' |
Impaired Loans with an Allowance Recorded Interest Income Recognized | 5 | ' | 5 | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans Average Recorded Investment | 258 | 160 | 218 | 162 |
Impaired Loans Interest Income Recognized | 5 | ' | 9 | ' |
Commercial Portfolio Segment [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 5,669 | 5,752 | 5,035 | 9,961 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 62 | 106 | 159 | 123 |
Commercial: | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 822 | 4,779 | 2,747 | 2,405 |
Impaired Loans with an Allowance Recorded Interest Income Recognized | 9 | 38 | 13 | 76 |
Commercial: | ' | ' | ' | ' |
Impaired Loans Average Recorded Investment | 6,491 | 10,531 | 7,782 | 12,366 |
Impaired Loans Interest Income Recognized | 71 | 144 | 172 | 199 |
Residential Mortgage Loans [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 2,353 | 2,247 | 2,707 | 1,626 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 16 | 14 | 31 | 31 |
Commercial: | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 1,454 | 1,216 | 1,381 | 1,220 |
Impaired Loans with an Allowance Recorded Interest Income Recognized | 9 | 6 | 18 | 16 |
Commercial: | ' | ' | ' | ' |
Impaired Loans Average Recorded Investment | 3,807 | 3,463 | 4,088 | 2,846 |
Impaired Loans Interest Income Recognized | 25 | 20 | 49 | 47 |
Home Equity Lines of Credit [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 1,382 | 1,315 | 1,504 | 1,129 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 7 | ' | 13 | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 1,704 | 654 | 1,361 | 489 |
Impaired Loans with an Allowance Recorded Interest Income Recognized | 2 | 1 | 4 | 2 |
Commercial: | ' | ' | ' | ' |
Impaired Loans Average Recorded Investment | 3,086 | 1,969 | 2,865 | 1,618 |
Impaired Loans Interest Income Recognized | 9 | 1 | 17 | 2 |
Residential Construction [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 18 | 1 | 12 | 56 |
Commercial: | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 321 | ' | 152 | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans Average Recorded Investment | 339 | 1 | 164 | 56 |
Other Loans to Individuals [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 27 | 66 | 47 | 70 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | ' | 1 | 1 | 2 |
Commercial: | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 33 | 2 | 15 | ' |
Impaired Loans with an Allowance Recorded Interest Income Recognized | 2 | ' | 2 | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans Average Recorded Investment | 60 | 68 | 62 | 70 |
Impaired Loans Interest Income Recognized | 2 | 1 | 3 | 2 |
Consumer Portfolio Segment [Member] | ' | ' | ' | ' |
Commercial: | ' | ' | ' | ' |
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 3,780 | 3,629 | 4,270 | 2,881 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 23 | 15 | 45 | 33 |
Commercial: | ' | ' | ' | ' |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 3,512 | 1,872 | 2,909 | 1,709 |
Impaired Loans with an Allowance Recorded Interest Income Recognized | 13 | 7 | 24 | 18 |
Commercial: | ' | ' | ' | ' |
Impaired Loans Average Recorded Investment | 7,292 | 5,501 | 7,179 | 4,590 |
Impaired Loans Interest Income Recognized | $36 | $22 | $69 | $51 |
Recovered_Sheet2
Note 5 - Loans and Allowance for Loan Losses (Details) - Nonaccrual and Past Due Loans (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Commercial: | ' | ' |
Nonaccrual loans | $5,206 | $8,428 |
Commercial and Industrial [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | 236 | 200 |
Commercial Real Estate Owner Occupied [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | 213 | 209 |
Commercial Real Estate Investor Income Producing [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | 778 | 3,192 |
AC&D - Lots, Land, & Development [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | 48 | 292 |
Other Commercial [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | 112 | 112 |
Total Commercial [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | 1,387 | 4,005 |
Residential Mortgage Loans [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | 824 | 2,007 |
Home Equity Lines of Credit [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | 2,354 | 2,348 |
Residential Construction [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | 628 | 66 |
Other Loans to Individuals [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | 13 | 2 |
Total Consumer Loans [Member] | ' | ' |
Commercial: | ' | ' |
Nonaccrual loans | $3,819 | $4,423 |
Recovered_Sheet3
Note 5 - Loans and Allowance for Loan Losses (Details) - Fair Value of PCI Loan Portfolio Acquired from Provident Community (Provident Community Bancshares, Inc. [Member], USD $) | 1-May-14 |
In Thousands, unless otherwise specified | |
Provident Community Bancshares, Inc. [Member] | ' |
Note 5 - Loans and Allowance for Loan Losses (Details) - Fair Value of PCI Loan Portfolio Acquired from Provident Community [Line Items] | ' |
Contractual principal and interest at acquisition | $47,572 |
Nonaccretable difference | -7,480 |
Expected cash flows at acquisition | 40,092 |
Accretable yield | -7,179 |
Basis in PCI loans at acquisition - estimated fair value | $32,913 |
Recovered_Sheet4
Note 5 - Loans and Allowance for Loan Losses (Details) - Changes in the Accretable Yield for PCI Loans (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Note 5 - Loans and Allowance for Loan Losses (Details) - Changes in the Accretable Yield for PCI Loans [Line Items] | ' | ' |
Accretable yield, beginning of period | $39,249 | $42,734 |
Accretable yield, end of period | 45,659 | 42,248 |
Interest income | -7,960 | -7,610 |
Reclassification of nonaccretable difference due to improvement in expected cash flows | 6,334 | 5,746 |
Other changes, net | 857 | 1,378 |
Provident Community Bancshares, Inc. [Member] | ' | ' |
Note 5 - Loans and Allowance for Loan Losses (Details) - Changes in the Accretable Yield for PCI Loans [Line Items] | ' | ' |
Addition from the Provident Community acquisition | $7,179 | ' |
Recovered_Sheet5
Note 5 - Loans and Allowance for Loan Losses (Details) - Troubled Debt Restructurings - 2014 (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Extended payment terms | ' | ' | ' | ' |
Number of Loans | ' | 1 | ' | 3 |
Pre-Modification Outstanding Recorded Investment | ' | $962 | ' | $4,615 |
Post-Modification Outstanding Recorded Investment | ' | 962 | ' | 4,615 |
Extended Payment Terms [Member] | Commercial and Industrial [Member] | ' | ' | ' | ' |
Extended payment terms | ' | ' | ' | ' |
Number of Loans | 1 | ' | 1 | ' |
Pre-Modification Outstanding Recorded Investment | 14 | ' | 14 | ' |
Post-Modification Outstanding Recorded Investment | 14 | ' | 14 | ' |
Extended Payment Terms [Member] | CRE-Investor Income Producing [Member] | ' | ' | ' | ' |
Extended payment terms | ' | ' | ' | ' |
Number of Loans | 1 | ' | 1 | ' |
Pre-Modification Outstanding Recorded Investment | 94 | ' | 94 | ' |
Post-Modification Outstanding Recorded Investment | 94 | ' | 94 | ' |
Extended Payment Terms [Member] | Other Commercial [Member] | ' | ' | ' | ' |
Extended payment terms | ' | ' | ' | ' |
Number of Loans | ' | ' | 1 | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' | 165 | ' |
Post-Modification Outstanding Recorded Investment | ' | ' | 165 | ' |
Extended Payment Terms [Member] | Home Equity Lines of Credit [Member] | ' | ' | ' | ' |
Extended payment terms | ' | ' | ' | ' |
Number of Loans | ' | ' | 1 | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' | 299 | ' |
Post-Modification Outstanding Recorded Investment | ' | ' | 299 | ' |
Extended Payment Terms [Member] | Residential Construction [Member] | ' | ' | ' | ' |
Extended payment terms | ' | ' | ' | ' |
Number of Loans | 1 | ' | 1 | ' |
Pre-Modification Outstanding Recorded Investment | 173 | ' | 173 | ' |
Post-Modification Outstanding Recorded Investment | 173 | ' | 173 | ' |
Extended Payment Terms [Member] | ' | ' | ' | ' |
Extended payment terms | ' | ' | ' | ' |
Number of Loans | 3 | 1 | 5 | 1 |
Pre-Modification Outstanding Recorded Investment | 281 | 962 | 745 | 962 |
Post-Modification Outstanding Recorded Investment | $281 | $962 | $745 | $962 |
Recovered_Sheet6
Note 5 - Loans and Allowance for Loan Losses (Details) - Troubled Debt Restructurings - 2013 (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Below market interest rate | ' | ' | ' | ' |
Number of Loans | ' | 1 | ' | 3 |
Pre-Modification Outstanding Recorded Investment | ' | $962 | ' | $4,615 |
Post-Modification Outstanding Recorded Investment | ' | 962 | ' | 4,615 |
Below Market Interest Rate [Member] | CRE-Investor Income Producing [Member] | ' | ' | ' | ' |
Below market interest rate | ' | ' | ' | ' |
Number of Loans | ' | ' | ' | 1 |
Pre-Modification Outstanding Recorded Investment | ' | ' | ' | 3,610 |
Post-Modification Outstanding Recorded Investment | ' | ' | ' | 3,610 |
Below Market Interest Rate [Member] | Residential Mortgage Loans [Member] | ' | ' | ' | ' |
Below market interest rate | ' | ' | ' | ' |
Number of Loans | ' | ' | ' | 1 |
Pre-Modification Outstanding Recorded Investment | ' | ' | ' | 43 |
Post-Modification Outstanding Recorded Investment | ' | ' | ' | 43 |
Below Market Interest Rate [Member] | ' | ' | ' | ' |
Below market interest rate | ' | ' | ' | ' |
Number of Loans | ' | ' | ' | 2 |
Pre-Modification Outstanding Recorded Investment | ' | ' | ' | 3,653 |
Post-Modification Outstanding Recorded Investment | ' | ' | ' | 3,653 |
Extended Payment Terms [Member] | CRE-Investor Income Producing [Member] | ' | ' | ' | ' |
Below market interest rate | ' | ' | ' | ' |
Number of Loans | 1 | ' | 1 | ' |
Pre-Modification Outstanding Recorded Investment | 94 | ' | 94 | ' |
Post-Modification Outstanding Recorded Investment | 94 | ' | 94 | ' |
Extended Payment Terms [Member] | ACAndD [Member] | ' | ' | ' | ' |
Below market interest rate | ' | ' | ' | ' |
Number of Loans | ' | 1 | ' | 1 |
Pre-Modification Outstanding Recorded Investment | ' | 962 | ' | 962 |
Post-Modification Outstanding Recorded Investment | ' | 962 | ' | 962 |
Extended Payment Terms [Member] | ' | ' | ' | ' |
Below market interest rate | ' | ' | ' | ' |
Number of Loans | 3 | 1 | 5 | 1 |
Pre-Modification Outstanding Recorded Investment | 281 | 962 | 745 | 962 |
Post-Modification Outstanding Recorded Investment | $281 | $962 | $745 | $962 |
Recovered_Sheet7
Note 5 - Loans and Allowance for Loan Losses (Details) - Troubled Debt Restructurings Outcomes (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
In Thousands, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Paid in Full [Member] | Paid in Full [Member] | Paid in Full [Member] | Paying as Restructured [Member] | Paying as Restructured [Member] | Paying as Restructured [Member] | Paying as Restructured [Member] | Paying as Restructured [Member] | Paying as Restructured [Member] | |||||
Below Market Interest Rate [Member] | Extended Payment Terms [Member] | Total [Member] | Below Market Interest Rate [Member] | Below Market Interest Rate [Member] | Extended Payment Terms [Member] | Extended Payment Terms [Member] | Total [Member] | Total [Member] | |||||
Note 5 - Loans and Allowance for Loan Losses (Details) - Troubled Debt Restructurings Outcomes [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Troubled Debt Restructurings - Number of loans | 1 | 3 | ' | ' | 2 | 1 | 3 | 3 | 2 | 11 | 1 | 14 | 3 |
Troubled Debt Restructurings - Recorded Investment | ' | ' | $5,100 | $8,200 | $164 | $329 | $493 | $1,954 | $3,647 | $3,195 | $249 | $5,149 | $3,896 |
Recovered_Sheet8
Note 5 - Loans and Allowance for Loan Losses (Details) - Related Party Loans (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Related Party Loans [Abstract] | ' | ' |
Beginning balance | $17,247 | $4,184 |
Disbursements | 209 | 2,923 |
Repayments | -3,827 | -1,803 |
Ending balance | $13,629 | $5,304 |
Note_6_FDIC_Loss_Share_Agreeme2
Note 6 - FDIC Loss Share Agreements (Details) (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 |
Residential Portfolio Segment [Member] | Losses on All Other Loans [Member] | Recoveries on All Other Loans [Member] | Residential Loans and OREO [Member] | All Remaining Covered Assets [Member] | Loan Losses Up to 102 Million [Member] | Loan Losses Exceeding 102 Million [Member] | Citizens South Banking Corporation [Member] | Citizens South Banking Corporation [Member] | Bank of Hiawassee Acquired Through Citizens South [Member] | New Horizons Bank Acquired Through Citizens South [Member] | New Horizons Bank Acquired Through Citizens South [Member] | Covered Assets [Member] | Covered Assets [Member] | |||||||
Bank of Hiawassee Acquired Through Citizens South [Member] | Bank of Hiawassee Acquired Through Citizens South [Member] | Bank of Hiawassee Acquired Through Citizens South [Member] | New Horizons Bank Acquired Through Citizens South [Member] | New Horizons Bank Acquired Through Citizens South [Member] | Bank of Hiawassee Acquired Through Citizens South [Member] | Bank of Hiawassee Acquired Through Citizens South [Member] | ||||||||||||||
Note 6 - FDIC Loss Share Agreements (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount, Covered | $55,532,000 | ' | $71,134,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $55,500,000 | $71,100,000 | ' | ' | ' | ' | ' |
Other Real Estate, Covered | 5,234,000 | 6,652,000 | 5,088,000 | 6,542,000 | 7,655,000 | 6,646,000 | ' | ' | ' | ' | ' | ' | ' | 5,200,000 | 5,100,000 | ' | ' | ' | ' | ' |
Number of Loss Share Agreements | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | 2 | ' | ' | ' |
FDIC Loss Share Agreement Coverage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 80.00% | 95.00% | ' | ' | ' | ' | ' | ' | ' |
Maximum Amount Covered By FDIC | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 102,000,000 | ' | ' | ' | ' |
Loss Share Term | ' | ' | ' | ' | ' | ' | '10 years | '5 years | '8 years | '10 years | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' |
FDIC Indemnification Asset | 6,993,000 | ' | 10,025,000 | 14,848,000 | ' | 18,697,000 | ' | ' | ' | ' | ' | ' | ' | 4,900,000 | 6,600,000 | ' | 2,100,000 | 3,400,000 | ' | ' |
Loss Contingency, Estimate of Possible Loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,100,000 | 11,500,000 |
FDIC Indemnification Asset True Up Amount | $5,300,000 | ' | $5,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_6_FDIC_Loss_Share_Agreeme3
Note 6 - FDIC Loss Share Agreements (Details) - Receivable from the FDIC (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Note 6 - FDIC Loss Share Agreements (Details) - Receivable from the FDIC [Line Items] | ' | ' |
Balance, beginning of period | $10,025 | $18,697 |
Balance, end of period | 6,993 | 14,848 |
Reimbursable expenses | 529 | 429 |
Amortization discounts and premiums, net | -859 | -38 |
Reimbursements from the FDIC | -2,196 | -5,236 |
Other changes, net | ' | 467 |
Estimated Loss on Loans [Member] | ' | ' |
Note 6 - FDIC Loss Share Agreements (Details) - Receivable from the FDIC [Line Items] | ' | ' |
Additional Estimated Loss | -278 | 297 |
Estimated Loss on OREO [Member] | ' | ' |
Note 6 - FDIC Loss Share Agreements (Details) - Receivable from the FDIC [Line Items] | ' | ' |
Additional Estimated Loss | ($228) | $232 |
Note_7_Other_Real_Estate_Owned2
Note 7 - Other Real Estate Owned (Details) (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||||
Disclosure Text Block [Abstract] | ' | ' | ' | ' | ' | ' |
Other Real Estate, Foreclosed Assets, and Repossessed Assets | $16,171 | ' | $14,492 | ' | ' | ' |
Other Real Estate, Covered | $5,234 | $6,652 | $5,088 | $6,542 | $7,655 | $6,646 |
Note_7_Other_Real_Estate_Owned3
Note 7 - Other Real Estate Owned (Details) - Transactions In OREO - Non-Covered (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Transactions In OREO - Non-Covered [Abstract] | ' | ' | ' | ' |
Beginning balance | $8,874 | $13,596 | $9,404 | $18,427 |
Additions | 301 | 155 | 1,511 | 963 |
Acquired through merger | 3,128 | ' | 3,128 | ' |
Sales | -1,249 | -3,763 | -2,968 | -9,342 |
Writedowns | -117 | -247 | -138 | -307 |
Ending balance | $10,937 | $9,741 | $10,937 | $9,741 |
Note_7_Other_Real_Estate_Owned4
Note 7 - Other Real Estate Owned (Details) - Transactions In OREO - Covered (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Transactions In OREO - Covered [Abstract] | ' | ' | ' | ' |
Beginning balance | $6,652 | $7,655 | $5,088 | $6,646 |
Additions | 1,432 | 967 | 3,769 | 3,316 |
Sales | -2,831 | -1,543 | -3,579 | -2,715 |
Writedowns | -19 | -537 | -44 | -705 |
Ending balance | $5,234 | $6,542 | $5,234 | $6,542 |
Note_7_Other_Real_Estate_Owned5
Note 7 - Other Real Estate Owned (Details) - Other Real Estate Owned by Portfolio Segment (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||||
Non-covered OREO: | ' | ' | ' | ' | ' | ' |
Other Real Estate Non-Covered | $16,171 | ' | $14,492 | ' | ' | ' |
OREO covered by FDIC loss share agreements | 5,234 | 6,652 | 5,088 | 6,542 | 7,655 | 6,646 |
Commercial and Industrial [Member] | ' | ' | ' | ' | ' | ' |
Non-covered OREO: | ' | ' | ' | ' | ' | ' |
Other Real Estate Non-Covered | 760 | ' | ' | ' | ' | ' |
CRE - Owner Occupied [Member] | ' | ' | ' | ' | ' | ' |
Non-covered OREO: | ' | ' | ' | ' | ' | ' |
Other Real Estate Non-Covered | 956 | ' | 591 | ' | ' | ' |
CRE-Investor Income Producing [Member] | ' | ' | ' | ' | ' | ' |
Non-covered OREO: | ' | ' | ' | ' | ' | ' |
Other Real Estate Non-Covered | 2,213 | ' | 2,933 | ' | ' | ' |
AC&D - 1 - 4 Family Construction [Member] | ' | ' | ' | ' | ' | ' |
Non-covered OREO: | ' | ' | ' | ' | ' | ' |
Other Real Estate Non-Covered | 2,378 | ' | 2,811 | ' | ' | ' |
AC&D - Lots, Land, & Development [Member] | ' | ' | ' | ' | ' | ' |
Non-covered OREO: | ' | ' | ' | ' | ' | ' |
Other Real Estate Non-Covered | 2,509 | ' | 1,448 | ' | ' | ' |
Other Commercial [Member] | ' | ' | ' | ' | ' | ' |
Non-covered OREO: | ' | ' | ' | ' | ' | ' |
Other Real Estate Non-Covered | 257 | ' | 195 | ' | ' | ' |
Residential Mortgage Loans [Member] | ' | ' | ' | ' | ' | ' |
Non-covered OREO: | ' | ' | ' | ' | ' | ' |
Other Real Estate Non-Covered | 1,021 | ' | 704 | ' | ' | ' |
Home Equity Lines of Credit [Member] | ' | ' | ' | ' | ' | ' |
Non-covered OREO: | ' | ' | ' | ' | ' | ' |
Other Real Estate Non-Covered | 143 | ' | 124 | ' | ' | ' |
Residential Construction [Member] | ' | ' | ' | ' | ' | ' |
Non-covered OREO: | ' | ' | ' | ' | ' | ' |
Other Real Estate Non-Covered | 598 | ' | 598 | ' | ' | ' |
Other Loans to Individuals [Member] | ' | ' | ' | ' | ' | ' |
Non-covered OREO: | ' | ' | ' | ' | ' | ' |
Other Real Estate Non-Covered | $102 | ' | ' | ' | ' | ' |
Note_8_Subordinated_Debt_Detai
Note 8 - Subordinated Debt (Details) (USD $) | 1 Months Ended | 12 Months Ended | 6 Months Ended | |||||||
In Millions, unless otherwise specified | Jun. 30, 2014 | Sep. 30, 2009 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Jun. 30, 2014 | Dec. 31, 2012 | Dec. 31, 2012 | Jun. 30, 2014 | Jun. 30, 2014 |
Trust Preferred Securities [Member] | Trust Preferred Securities [Member] | Trust Preferred Securities [Member] | Community Capital Corporation Statutory Trust I [Member] | CSBC Statutory Trust I [Member] | Provident Community Bancshares Capital Trust I [Member] | Provident Community Bancshares Capital Trust II [Member] | ||||
Community Capital Corporation Statutory Trust I [Member] | CSBC Statutory Trust I [Member] | Provident Community [Member] | ||||||||
Note 8 - Subordinated Debt (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Issuance of Subordinated Long-term Debt | ' | $6.90 | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 11.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Redemption Price, Percentage | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Trust Preferred Securities | 38.1 | ' | 25.8 | ' | ' | ' | 10.3 | 15.5 | 4.1 | 8.2 |
Trust Preferred Securities Net of Mark-to-Market | $14.90 | ' | $10.60 | ' | ' | ' | $4.20 | $6.20 | $1.50 | $3 |
Debt Instrument, Basis Spread on Variable Rate | ' | ' | ' | 1.55% | 1.57% | 1.74% | ' | ' | ' | ' |
Note_9_Income_Taxes_Details
Note 9 - Income Taxes (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' | ' |
Deferred Tax Assets, Net | $38,000,000 | ' | $38,000,000 | ' | $36,300,000 |
Net Income (Loss) Attributable to Parent | $3,426,000 | $3,812,000 | $6,981,000 | $7,052,000 | ' |
Note_10_Per_Share_Results_Deta
Note 10 - Per Share Results (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Note 10 - Per Share Results (Details) [Line Items] | ' | ' | ' | ' |
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 266,668 | 61,280 | 297,993 | 59,233 |
Employee Stock Option [Member] | ' | ' | ' | ' |
Note 10 - Per Share Results (Details) [Line Items] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1,970,670 | 2,760,090 | 1,956,625 | 2,790,090 |
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 220,245 | 35,096 | 234,291 | 34,054 |
Restricted Stock [Member] | Market Performance Conditions [Member] | ' | ' | ' | ' |
Note 10 - Per Share Results (Details) [Line Items] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number | 554,400 | ' | 554,400 | ' |
Restricted Stock [Member] | First Market Performance Condition [Member] | ' | ' | ' | ' |
Note 10 - 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 10 - 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 10 - Per Share Results (Details) [Line Items] | ' | ' | ' | ' |
Share Price (in Dollars per share) | 10.4 | ' | 10.4 | ' |
Restricted Stock [Member] | ' | ' | ' | ' |
Note 10 - Per Share Results (Details) [Line Items] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 872,793 | 554,400 | 855,514 | 568,260 |
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 46,423 | 26,184 | 63,702 | 25,179 |
Note_10_Per_Share_Results_Deta1
Note 10 - Per Share Results (Details) - Shares Used in Computation of Earnings per Common Share | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Shares Used in Computation of Earnings per Common Share [Abstract] | ' | ' | ' | ' |
Weighted-average number of common shares outstanding excluding unvested restricted shares | 43,947,134 | 44,143,301 | 43,942,112 | 44,078,262 |
Effect of dilutive stock options and unvested restricted shares | 266,668 | 61,280 | 297,993 | 59,233 |
Weighted-average number of common shares and dilutive potential common shares outstanding | 44,213,802 | 44,204,581 | 44,240,105 | 44,137,495 |
Note_11_Preferred_Stock_Detail
Note 11 - Preferred Stock (Details) (Series C Preferred Stock [Member], USD $) | 1 Months Ended | |
Sep. 30, 2013 | Oct. 02, 2012 | |
Series C Preferred Stock [Member] | ' | ' |
Note 11 - Preferred Stock (Details) [Line Items] | ' | ' |
Preferred Stock, Shares Issued | ' | 20,500 |
Stock Redeemed or Called During Period, Shares | 20,500 | ' |
Preferred Stock, Liquidation Preference Per Share (in Dollars per share) | $1,000 | ' |
Note_12_Commitments_and_Contin1
Note 12 - Commitments and Contingencies (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Undisbursed Lines of Credit [Member] | ' | ' |
Note 12 - Commitments and Contingencies (Details) [Line Items] | ' | ' |
Other Commitment | $365.10 | $279.50 |
Standby Letter of Credit Member [Member] | ' | ' |
Note 12 - Commitments and Contingencies (Details) [Line Items] | ' | ' |
Other Commitment | 3.2 | 3.6 |
Commercial Letters of Credit [Member] | ' | ' |
Note 12 - Commitments and Contingencies (Details) [Line Items] | ' | ' |
Other Commitment | $4.90 | $1.90 |
Note_13_Derivative_Financial_I2
Note 13 - Derivative Financial Instruments and Hedging Activities (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||||||||||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Oct. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
Loan Swaps [Member] | Loan Swaps [Member] | Loan Swaps [Member] | Loan Swaps [Member] | Loan Swaps [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Five Year Interest Rate Swap [Member] | Seven Year Interest Rate Swap [Member] | Two Year Foward Starting Swap [Member] | |
FHLB Borrowings [Member] | FHLB Borrowings [Member] | Other Assets [Member] | Other Liabilities [Member] | ||||||||||||
Note 13 - Derivative Financial Instruments and Hedging Activities (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, Number of Instruments Held | 4 | ' | 4 | ' | ' | ' | ' | ' | ' | 3 | 3 | ' | ' | ' | ' |
Derivative Asset, Notional Amount | $11,800,000 | ' | $11,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | $20,000,000 | ' | ' | ' |
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | -309,000 | ' | -309,000 | ' | -258,000 | -474,000 | 298,000 | ' | ' | -868,000 | 247,000 | ' | ' | ' | ' |
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net | 45,000 | 39,000 | 80,000 | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, Fixed Interest Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.44% | 1.69% | 2.34% | 3.10% |
Collateral Already Posted, Aggregate Fair Value | ' | ' | ' | ' | ' | 360,000 | ' | ' | ' | 890,000 | ' | ' | ' | ' | ' |
Derivative, Notional Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,400,000 | 50,000,000 | ' | 12,500,000 | 12,500,000 | 25,000,000 |
Interest Rate Derivative Assets, at Fair Value | ' | ' | ' | ' | ' | ' | ' | 301,000 | ' | ' | ' | ' | ' | ' | ' |
Interest Rate Derivative Liabilities, at Fair Value | ' | ' | ' | ' | ' | ' | ' | ' | $301,000 | ' | ' | ' | ' | ' | ' |
Note_13_Derivative_Financial_I3
Note 13 - Derivative Financial Instruments and Hedging Activities (Details) - Individual Loan Swap Information (USD $) | 6 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 |
Maturity Date, 10/10/15 [Member] | Original Amount [Member] | Loan Swaps [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 2,555 |
Maturity Date, 10/10/15 [Member] | Current Amount [Member] | Loan Swaps [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 2,384 |
Maturity Date, 10/10/15 [Member] | Loan Swaps [Member] | ' |
Derivative [Line Items] | ' |
Termination Date | 10-Oct-15 |
Fixed Rate | 5.50% |
Floating Rate Payer Spread | 2.88% |
Maturity Date, 04/27/17 [Member] | Original Amount [Member] | Loan Swaps [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 3,595 |
Maturity Date, 04/27/17 [Member] | Current Amount [Member] | Loan Swaps [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 3,184 |
Maturity Date, 04/27/17 [Member] | Loan Swaps [Member] | ' |
Derivative [Line Items] | ' |
Termination Date | 27-Apr-17 |
Fixed Rate | 5.25% |
Floating Rate Payer Spread | 2.73% |
Maturity Date, 04/01/19 [Member] | Original Amount [Member] | Loan Swaps [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 3,269 |
Maturity Date, 04/01/19 [Member] | Current Amount [Member] | Loan Swaps [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 3,269 |
Maturity Date, 04/01/19 [Member] | Loan Swaps [Member] | ' |
Derivative [Line Items] | ' |
Termination Date | 1-Apr-19 |
Fixed Rate | 4.45% |
Floating Rate Payer Spread | 2.90% |
Maturity Date, 6/27/22 [Member] | Original Amount [Member] | Loan Swaps [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 2,365 |
Maturity Date, 6/27/22 [Member] | Current Amount [Member] | Loan Swaps [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 2,365 |
Maturity Date, 6/27/22 [Member] | Loan Swaps [Member] | ' |
Derivative [Line Items] | ' |
Termination Date | 27-Jun-22 |
Fixed Rate | 4.50% |
Floating Rate Payer Spread | 2.25% |
Maturity Date, 12/31/18 [Member] | Original Amount [Member] | Interest Rate Swap [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 12,500 |
Maturity Date, 12/31/18 [Member] | Current Amount [Member] | Interest Rate Swap [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 12,500 |
Maturity Date, 12/31/18 [Member] | Interest Rate Swap [Member] | ' |
Derivative [Line Items] | ' |
Termination Date | 31-Dec-18 |
Fixed Rate | 1.69% |
Floating Rate Payer Spread | 0.25% |
Maturity Date, 12/31/20, Fixed Rate 2.341% [Member] | Original Amount [Member] | Interest Rate Swap [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 12,500 |
Maturity Date, 12/31/20, Fixed Rate 2.341% [Member] | Current Amount [Member] | Interest Rate Swap [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 12,500 |
Maturity Date, 12/31/20, Fixed Rate 2.341% [Member] | Interest Rate Swap [Member] | ' |
Derivative [Line Items] | ' |
Termination Date | 31-Dec-20 |
Fixed Rate | 2.34% |
Floating Rate Payer Spread | 0.25% |
Maturity Date, 12/31/20, Fixed Rate 3.104% [Member] | Original Amount [Member] | Interest Rate Swap [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 25,000 |
Maturity Date, 12/31/20, Fixed Rate 3.104% [Member] | Current Amount [Member] | Interest Rate Swap [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 25,000 |
Maturity Date, 12/31/20, Fixed Rate 3.104% [Member] | Interest Rate Swap [Member] | ' |
Derivative [Line Items] | ' |
Termination Date | 31-Dec-20 |
Fixed Rate | 3.10% |
Floating Rate Payer Spread | 0.25% |
Maturity Date, 10/21/21 [Member] | Original Amount [Member] | Interest Rate Swap [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 20,000 |
Maturity Date, 10/21/21 [Member] | Current Amount [Member] | Interest Rate Swap [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 20,000 |
Maturity Date, 10/21/21 [Member] | Interest Rate Swap [Member] | ' |
Derivative [Line Items] | ' |
Termination Date | 21-Oct-21 |
Fixed Rate | 3.44% |
Floating Rate Payer Spread | 0.00% |
Maturity Date, 6/15/19 [Member] | Original Amount [Member] | Loan Swaps [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 1,338 |
Maturity Date, 6/15/19 [Member] | Current Amount [Member] | Loan Swaps [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 1,338 |
Maturity Date, 6/15/19 [Member] | Loan Swaps [Member] | ' |
Derivative [Line Items] | ' |
Termination Date | 15-Jun-19 |
Fixed Rate | 4.95% |
Floating Rate Payer Spread | 2.75% |
Maturity Date, 03/15/21, Fixed Rate 4.34% [Member] | Original Amount [Member] | Loan Swaps [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 2,600 |
Maturity Date, 03/15/21, Fixed Rate 4.34% [Member] | Current Amount [Member] | Loan Swaps [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 2,600 |
Maturity Date, 03/15/21, Fixed Rate 4.34% [Member] | Loan Swaps [Member] | ' |
Derivative [Line Items] | ' |
Termination Date | 15-Mar-21 |
Fixed Rate | 4.34% |
Floating Rate Payer Spread | 2.15% |
Maturity Date, 03/15/21, Fixed Rate 4.64% [Member] | Original Amount [Member] | Loan Swaps [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 489 |
Maturity Date, 03/15/21, Fixed Rate 4.64% [Member] | Current Amount [Member] | Loan Swaps [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 489 |
Maturity Date, 03/15/21, Fixed Rate 4.64% [Member] | Loan Swaps [Member] | ' |
Derivative [Line Items] | ' |
Termination Date | 15-Mar-21 |
Fixed Rate | 4.64% |
Floating Rate Payer Spread | 2.15% |
Original Amount [Member] | Interest Rate Swap [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 86,211 |
Current Amount [Member] | Interest Rate Swap [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | 85,629 |
Note_14_Accumulated_Other_Comp2
Note 14 - Accumulated Other Comprehensive Income (Details) - Accumulated Other Comprehensive Income (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Securities available for sale and transferred securities: | ' | ' | ' | ' |
Change in net unrealized gains (losses) during the period | $5,667 | ($9,299) | $9,022 | ($10,117) |
Change in net unrealized gains (losses) during the period | 2,123 | -3,378 | 3,352 | -3,764 |
Change in net unrealized gains (losses) during the period | 3,544 | -5,921 | 5,670 | -6,353 |
Change in net unrealized loss on securities transferred to held to maturity | -2,209 | ' | -2,209 | ' |
Change in net unrealized loss on securities transferred to held to maturity | -831 | ' | -831 | ' |
Change in net unrealized loss on securities transferred to held to maturity | -1,378 | ' | -1,378 | ' |
Reclassification adjustment for net (gains) losses recognized in net income | 33 | -104 | -243 | -104 |
Reclassification adjustment for net (gains) losses recognized in net income | 12 | -49 | -92 | -49 |
Reclassification adjustment for net (gains) losses recognized in net income | 21 | -55 | -151 | -55 |
Total securities available for sale and transferred securities | 3,491 | -9,403 | 6,570 | -10,221 |
Total securities available for sale and transferred securities | 1,304 | -3,427 | 2,429 | -3,813 |
Total securities available for sale and transferred securities | 2,187 | -5,976 | 4,141 | -6,408 |
Derivatives: | ' | ' | ' | ' |
Change in the accumulated loss on effective cash flow hedge derivatives | -965 | ' | -1,887 | ' |
Change in the accumulated loss on effective cash flow hedge derivatives | -363 | ' | -707 | ' |
Change in the accumulated loss on effective cash flow hedge derivatives | -602 | ' | -1,180 | ' |
Total derivatives | -965 | ' | -1,887 | ' |
Total derivatives | -363 | ' | -707 | ' |
Total derivatives | -602 | ' | -1,180 | ' |
Total other comprehensive income (loss) | 2,526 | -9,403 | 4,683 | -10,221 |
Total other comprehensive income (loss) | 941 | -3,427 | 1,722 | -3,813 |
Total other comprehensive income (loss) | $1,585 | ($5,976) | $2,961 | ($6,408) |
Note_14_Accumulated_Other_Comp3
Note 14 - Accumulated Other Comprehensive Income (Details) - Activity in Accumulated Other Comprehensive Income (Loss) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Activity in Accumulated Other Comprehensive Income (Loss) [Abstract] | ' | ' | ' | ' |
Securities Available ForSale | ' | ' | ($5,145) | $3,198 |
Derivatives | ' | ' | 343 | ' |
Accumulated Otehr Comprehensive Income (Loss) | ' | ' | -4,802 | 3,198 |
Securities Available ForSale | -1,004 | -3,210 | -1,004 | -3,210 |
Derivatives | -837 | ' | -837 | ' |
Accumulated Otehr Comprehensive Income (Loss) | -1,841 | -3,210 | -1,841 | -3,210 |
Securities Available ForSale | ' | ' | 4,291 | -6,353 |
Derivatives | -602 | ' | -1,180 | ' |
Accumulated Otehr Comprehensive Income (Loss) | ' | ' | 3,111 | -6,353 |
Securities Available ForSale | 21 | -55 | -151 | -55 |
Accumulated Otehr Comprehensive Income (Loss) | ' | ' | -151 | -55 |
Securities Available ForSale | 2,187 | -5,976 | 4,141 | -6,408 |
Derivatives | -602 | ' | -1,180 | ' |
Accumulated Otehr Comprehensive Income (Loss) | $1,585 | ($5,976) | $2,961 | ($6,408) |
Note_15_Fair_Value_Measurement2
Note 15 - Fair Value Measurements (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Note 15 - Fair Value Measurements (Details) [Line Items] | ' | ' | ' | ' |
Impairment of Real Estate | $136,000 | $784,000 | $182,000 | $1,012,000 |
Before Impairment [Member] | OREO Impaired During Three Months Period [Member] | ' | ' | ' | ' |
Note 15 - Fair Value Measurements (Details) [Line Items] | ' | ' | ' | ' |
Real Estate Acquired Through Foreclosure | 1,000,000 | 4,700,000 | 1,000,000 | 4,700,000 |
Before Impairment [Member] | OREO Impaired During Six Months Period [Member] | ' | ' | ' | ' |
Note 15 - Fair Value Measurements (Details) [Line Items] | ' | ' | ' | ' |
Real Estate Acquired Through Foreclosure | 2,000,000 | 6,500,000 | 2,000,000 | 6,500,000 |
OREO Impaired During Three Months Period [Member] | ' | ' | ' | ' |
Note 15 - Fair Value Measurements (Details) [Line Items] | ' | ' | ' | ' |
Real Estate Acquired Through Foreclosure | 900,000 | 4,000,000 | 900,000 | 4,000,000 |
OREO Impaired During Six Months Period [Member] | ' | ' | ' | ' |
Note 15 - Fair Value Measurements (Details) [Line Items] | ' | ' | ' | ' |
Real Estate Acquired Through Foreclosure | $1,800,000 | $5,500,000 | $1,800,000 | $5,500,000 |
Real Estate [Member] | ' | ' | ' | ' |
Note 15 - Fair Value Measurements (Details) [Line Items] | ' | ' | ' | ' |
Fair Value Inputs, Discount Rate | ' | ' | 8.00% | ' |
Minimum [Member] | ' | ' | ' | ' |
Note 15 - Fair Value Measurements (Details) [Line Items] | ' | ' | ' | ' |
Fair Value Inputs, Discount Rate | ' | ' | 0.00% | ' |
Maximum [Member] | ' | ' | ' | ' |
Note 15 - Fair Value Measurements (Details) [Line Items] | ' | ' | ' | ' |
Fair Value Inputs, Discount Rate | ' | ' | 100.00% | ' |
Note_15_Fair_Value_Measurement3
Note 15 - Fair Value Measurements (Details) - Financial Instruments Carrying Amounts and Estimated Fair Values (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||
Financial assets: | ' | ' | ' | ' |
Cash and cash equivalents - carrying amount | $69,020 | $55,067 | $112,711 | $184,142 |
Investment securities available-for-sale | 349,532 | 349,491 | ' | ' |
Investment securities held-to-maturity | 119,302 | 51,972 | ' | ' |
Investment securities held-to-maturity | 120,079 | 51,334 | ' | ' |
Nonmarketable equity securities - carrying amount | 5,906 | 5,905 | ' | ' |
Loans held for sale - carrying amount | 6,388 | 2,430 | ' | ' |
Loans, net of allowance - carrying amount | 1,464,483 | 1,286,977 | ' | ' |
FDIC indemnification asset | 6,993 | 10,025 | 14,848 | 18,697 |
FDIC Indemnification asset - fair value | 6,993 | 10,025 | 14,848 | 18,697 |
Accrued interest receivable - carrying amount | 4,507 | 4,222 | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits - carrying amount | 1,862,707 | 1,599,885 | ' | ' |
Swap fair value hedge - carrying amount | ' | 258 | ' | ' |
Swap fair value hedge - fair value | ' | 258 | ' | ' |
Borrowings - carrying amount | 86,819 | 78,048 | ' | ' |
Accrued interest payable - carrying amount | 391 | 412 | ' | ' |
Fair Value, Inputs, Level 1 [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Cash and cash equivalents - fair value | 69,020 | 55,067 | ' | ' |
Investment securities available-for-sale | 1,809 | 1,906 | ' | ' |
Fair Value, Inputs, Level 2 [Member] | No Stated Maturity [Member] | ' | ' | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits - fair value | 1,273,936 | 1,055,457 | ' | ' |
Fair Value, Inputs, Level 2 [Member] | Stated Maturity [Member] | ' | ' | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits - fair value | 591,226 | 545,111 | ' | ' |
Fair Value, Inputs, Level 2 [Member] | Swap Fair Value Hedge [Member] | ' | ' | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Swap fair value hedge - carrying amount | 309 | ' | ' | ' |
Swap fair value hedge - fair value | 309 | ' | ' | ' |
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member] | ' | ' | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Interest rate swaps - fair value | 1,643 | 545 | ' | ' |
Fair Value, Inputs, Level 2 [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Investment securities available-for-sale | 347,723 | 347,585 | ' | ' |
Investment securities held-to-maturity | 120,079 | 51,334 | ' | ' |
Nonmarketable equity securities - fair value | 5,906 | 5,905 | ' | ' |
Loans held for sale - fair value | 6,388 | 2,430 | ' | ' |
Loans, net of allowance - fair value | 9,146 | 5,884 | ' | ' |
Accrued interest receivable - fair value | 4,507 | 4,222 | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Swap fair value hedge - carrying amount | ' | 258 | ' | ' |
Swap fair value hedge - fair value | ' | 258 | ' | ' |
Borrowings - fair value | 86,314 | 77,899 | ' | ' |
Accrued interest payable - fair value | 391 | 412 | ' | ' |
Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Loans, net of allowance - fair value | 1,389,395 | 1,261,465 | ' | ' |
FDIC indemnification asset | 6,993 | 10,025 | ' | ' |
FDIC Indemnification asset - fair value | 6,993 | 10,025 | ' | ' |
No Stated Maturity [Member] | ' | ' | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits - carrying amount | 1,273,936 | 1,055,457 | ' | ' |
No Stated Maturity [Member] | Estimate of Fair Value Measurement [Member] | ' | ' | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits - fair value | 1,273,936 | 1,055,457 | ' | ' |
Stated Maturity [Member] | ' | ' | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits - carrying amount | 588,771 | 544,428 | ' | ' |
Stated Maturity [Member] | Estimate of Fair Value Measurement [Member] | ' | ' | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits - fair value | 591,226 | 545,111 | ' | ' |
Swap Fair Value Hedge [Member] | ' | ' | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Swap fair value hedge - carrying amount | 309 | ' | ' | ' |
Swap fair value hedge - fair value | 309 | ' | ' | ' |
Swap Fair Value Hedge [Member] | Estimate of Fair Value Measurement [Member] | ' | ' | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Swap fair value hedge - carrying amount | 309 | ' | ' | ' |
Swap fair value hedge - fair value | 309 | ' | ' | ' |
Interest Rate Swap [Member] | ' | ' | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Interest rate swaps - carrying amount | 1,643 | 545 | ' | ' |
Interest Rate Swap [Member] | Estimate of Fair Value Measurement [Member] | ' | ' | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Interest rate swaps - fair value | 1,643 | 545 | ' | ' |
Estimate of Fair Value Measurement [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Cash and cash equivalents - fair value | 69,020 | 55,067 | ' | ' |
Investment securities available-for-sale | 349,532 | 349,491 | ' | ' |
Investment securities held-to-maturity | 120,079 | 51,334 | ' | ' |
Nonmarketable equity securities - fair value | 5,906 | 5,905 | ' | ' |
Loans held for sale - fair value | 6,388 | 2,430 | ' | ' |
Loans, net of allowance - fair value | 1,398,541 | 1,267,349 | ' | ' |
FDIC indemnification asset | 6,993 | 10,025 | ' | ' |
FDIC Indemnification asset - fair value | 6,993 | 10,025 | ' | ' |
Accrued interest receivable - fair value | 4,507 | 4,222 | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Swap fair value hedge - carrying amount | ' | 258 | ' | ' |
Swap fair value hedge - fair value | ' | 258 | ' | ' |
Borrowings - fair value | 86,314 | 77,899 | ' | ' |
Accrued interest payable - fair value | $391 | $412 | ' | ' |
Note_15_Fair_Value_Measurement4
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Swap measured on a recurring basis | ' | ($258) |
Interest Rate Swap [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Interest rate swaps on a recurring basis | -1,643 | 545 |
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Interest rate swaps on a recurring basis | -1,643 | 545 |
Swap Fair Value Hedge [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Swap measured on a recurring basis | -309 | -258 |
Swap Fair Value Hedge [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Swap measured on a recurring basis | -309 | -258 |
Fair Value, Inputs, Level 1 [Member] | All Other Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 1,809 | 1,906 |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 549 | 558 |
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 12,801 | 16,506 |
Fair Value, Inputs, Level 2 [Member] | Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 105,691 | 90,248 |
Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 139,836 | 103,349 |
Fair Value, Inputs, Level 2 [Member] | Commercial Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 4,893 | 61,402 |
Fair Value, Inputs, Level 2 [Member] | Asset-backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 76,661 | 71,077 |
Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 7,292 | 4,445 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Loans measured on a recurring basis | 9,146 | 5,884 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Loans measured on a recurring basis | 9,146 | 5,884 |
Swap measured on a recurring basis | ' | -258 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Loans measured on a recurring basis | 1,389,395 | 1,261,465 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 549 | 558 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 12,801 | 16,506 |
Residential Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 105,691 | 90,248 |
Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 139,836 | 103,349 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 4,893 | 61,402 |
Asset-backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 76,661 | 71,077 |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 7,292 | 4,445 |
All Other Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Investments measured on a recurring basis | 1,809 | 1,906 |
Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Loans measured on a recurring basis | 9,146 | 5,884 |
Estimate of Fair Value Measurement [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Recurring Basis [Line Items] | ' | ' |
Loans measured on a recurring basis | 1,398,541 | 1,267,349 |
Swap measured on a recurring basis | ' | ($258) |
Note_15_Fair_Value_Measurement5
Note 15 - Fair Value Measurements (Details) - Fair Value on a Nonrecurring Basis (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Commercial and Industrial [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | $40 | $69 |
Commercial and Industrial [Member] | Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 40 | 69 |
Commercial Real Estate Owner Occupied [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 87 | 73 |
Commercial Real Estate Owner Occupied [Member] | Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 87 | 73 |
Commercial Real Estate Investor Income Producing [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 243 | 2,659 |
Commercial Real Estate Investor Income Producing [Member] | Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 243 | 2,659 |
AC&D - 1 - 4 Family Construction [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 79 | ' |
AC&D - 1 - 4 Family Construction [Member] | Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 79 | ' |
AC&D - Lots, Land, & Development [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 40 | ' |
AC&D - Lots, Land, & Development [Member] | Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 40 | ' |
Other Commercial [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 121 | 93 |
Other Commercial [Member] | Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 121 | 93 |
Residential Mortgage Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 82 | 510 |
Residential Mortgage Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 82 | 510 |
Home Equity Lines of Credit [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 1,237 | 184 |
Home Equity Lines of Credit [Member] | Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 1,237 | 184 |
Residential Construction [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 390 | 34 |
Residential Construction [Member] | Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 390 | 34 |
Other Loans to Individuals [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 54 | 1 |
Other Loans to Individuals [Member] | Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 54 | 1 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
OREO | 5,906 | 5,905 |
Impaired loans: | ' | ' |
Impaired Loans | 9,146 | 5,884 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
OREO | 4,589 | 9,085 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Impaired loans: | ' | ' |
Impaired Loans | 1,389,395 | 1,261,465 |
Fair Value, Measurements, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
OREO | 4,589 | 9,085 |
Estimate of Fair Value Measurement [Member] | ' | ' |
Note 15 - Fair Value Measurements (Details) - Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
OREO | 5,906 | 5,905 |
Impaired loans: | ' | ' |
Impaired Loans | $1,398,541 | $1,267,349 |
Note_15_Fair_Value_Measurement6
Note 15 - Fair Value Measurements (Details) - Valuation Methodology and Unobservable Inputs for Level 3 Assets (USD $) | 6 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair Value (in Dollars) | 6,962 |
Real Estate [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 8.00% |
Real Estate [Member] | Appraisals [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair Value (in Dollars) | 4,589 |
Real Estate [Member] | Minimum [Member] | Appraisals [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 0.00% |
Real Estate [Member] | Maximum [Member] | Appraisals [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 55.00% |
Real Estate [Member] | Weighted Average [Member] | Appraisals [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 19.49% |
Impaired Loans [Member] | Discounted Cash Flows [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair Value (in Dollars) | 33 |
Impaired Loans [Member] | Probability of Default Model [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair Value (in Dollars) | 894 |
Impaired Loans [Member] | Collateral Based Measurements [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair Value (in Dollars) | 1,446 |
Impaired Loans [Member] | Minimum [Member] | Discounted Cash Flows [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 0.00% |
Impaired Loans [Member] | Minimum [Member] | Probability of Default Model [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 0.00% |
Impaired Loans [Member] | Minimum [Member] | Collateral Based Measurements [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 0.00% |
Impaired Loans [Member] | Maximum [Member] | Discounted Cash Flows [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 50.00% |
Impaired Loans [Member] | Maximum [Member] | Probability of Default Model [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 100.00% |
Impaired Loans [Member] | Maximum [Member] | Collateral Based Measurements [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 60.00% |
Impaired Loans [Member] | Weighted Average [Member] | Discounted Cash Flows [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 17.93% |
Impaired Loans [Member] | Weighted Average [Member] | Probability of Default Model [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 16.21% |
Impaired Loans [Member] | Weighted Average [Member] | Collateral Based Measurements [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Range of Inputs | 27.81% |
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% |
Note_16_Shareholders_Equity_De
Note 16 - Shareholders' Equity (Details) (USD $) | 6 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 3 Months Ended | 6 Months Ended | 6 Months Ended | 6 Months Ended | |||||||||||||||
In Thousands, except Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2012 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Mar. 26, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 |
Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Employee Stock Option [Member] | Employee Stock Option [Member] | Employee Stock Option [Member] | Employee Stock Option [Member] | Employee Stock Option [Member] | One Third [Member] | Two Thirds [Member] | Park Sterling Bank 2010 Stock Option Plan [Member] | 2006 Option Plans for Directors and Employers [Member] | Plans 2010 And 2006 [Member] | Park Sterling Corporation 2010 Long-Term Incentive Plan [Member] | Long Term Incentive Plan 2014 [Member] | Citizens South Banking Corporation 2008 Equity Incentive Plan [Member] | Citizens South Bank Corporation 2003 Stock Option Plan [Member] | Citizen South Bank Corporation 1999 Stock Option Plan [Member] | ||
Long Term Incentive Plan 2014 [Member] | |||||||||||||||||||||||
Note 16 - Shareholders' Equity (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,859,550 | 990,000 | ' | 1,016,400 | 1,000,000 | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | ' | ' | ' | ' | ' | ' | ' | ' | 2,190,917 | ' | 2,190,917 | ' | 2,225,551 | ' | ' | ' | ' | 1,895,210 | 119,173 | ' | 163,161 | 12,431 | 942 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | ' | 143,250 | 921,216 | ' | 921,216 | ' | ' | 770,399 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 775,966 | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | ' | ' |
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) | $7.41 | ' | ' | ' | ' | ' | ' | ' | $7.39 | ' | $7.39 | ' | $7.35 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | ' | ' | ' | ' | 3,333 | ' | 13,860 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | ' | ' | 554,400 | ' | 554,400 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Price Performance Threshold for Vesting Percentage of Offer Price | 160.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 125.00% | 140.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Price Performance Threshold for Vesting (in Dollars per share) | $10.40 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $8.13 | $9.10 | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $6.70 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17,500 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars) | ' | ' | $2,100 | ' | $2,100 | ' | ' | ' | $55 | ' | $55 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | ' | ' | ' | ' | '1 year 18 days | ' | ' | ' | ' | ' | '1 year 76 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allocated Share-based Compensation Expense (in Dollars) | ' | ' | $277 | $217 | $505 | $419 | ' | ' | $8 | $321 | $26 | $644 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_16_Shareholders_Equity_De1
Note 16 - Shareholders' Equity (Details) - Activity in the Companybs Share-Based Plans (USD $) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
Note 16 - Shareholders' Equity (Details) - Activity in the Companybs Share-Based Plans [Line Items] | ' | ' | ' |
At June 30, 2014 | $7.41 | ' | ' |
Employee Stock Option [Member] | ' | ' | ' |
Note 16 - Shareholders' Equity (Details) - Activity in the Companybs Share-Based Plans [Line Items] | ' | ' | ' |
At December 31, 2013 | ' | 2,225,551 | 2,225,551 |
At December 31, 2013 | ' | $7.35 | $7.35 |
At December 31, 2013 | '5 years 69 days | ' | '5 years 237 days |
At December 31, 2013 | ' | $0 | $0 |
At June 30, 2014 | 2,190,917 | ' | ' |
At June 30, 2014 | $7.39 | ' | ' |
At June 30, 2014 | '5 years 69 days | ' | '5 years 237 days |
At June 30, 2014 | 491 | ' | ' |
Exercisable at June 30, 2014 | $7.41 | ' | ' |
Exercisable at June 30, 2014 | '5 years 51 days | ' | ' |
Exercisable at June 30, 2014 | 2,162,583 | ' | ' |
Options granted | 17,500 | 0 | ' |
Options granted | $6.70 | ' | ' |
Options exercised | -39,451 | ' | ' |
Options exercised | $4.55 | ' | ' |
Expired and forfeited | -12,683 | ' | ' |
Expired and forfeited | $9.06 | ' | ' |
Restricted Stock [Member] | ' | ' | ' |
Note 16 - Shareholders' Equity (Details) - Activity in the Companybs Share-Based Plans [Line Items] | ' | ' | ' |
At December 31, 2013 | ' | $4.35 | $4.35 |
At December 31, 2013 | ' | 5,315 | 5,315 |
At December 31, 2013 | ' | 770,399 | 770,399 |
At June 30, 2014 | $4.79 | ' | ' |
At June 30, 2014 | 6,058 | ' | ' |
At June 30, 2014 | 921,216 | ' | ' |
Restricted shares granted | $6.51 | ' | ' |
Restricted shares granted | 1,454 | ' | ' |
Restricted shares granted | 220,650 | ' | ' |
Restricted shares vested | $5.28 | ' | ' |
Restricted shares vested | 438 | ' | ' |
Restricted shares vested | -66,500 | ' | ' |
Expired and forfeited | -3,333 | ' | -13,860 |
Expired and forfeited | $5.53 | ' | ' |
Expired and forfeited | $35 | ' | ' |
Note_16_Shareholders_Equity_De2
Note 16 - Shareholders' Equity (Details) - Fair Value Assumptions for Stock Options | 6 Months Ended |
Jun. 30, 2014 | |
Minimum [Member] | ' |
Note 16 - Shareholders' Equity (Details) - Fair Value Assumptions for Stock Options [Line Items] | ' |
Weighted-average volatility | 38.60% |
Weighted Average [Member] | ' |
Note 16 - Shareholders' Equity (Details) - Fair Value Assumptions for Stock Options [Line Items] | ' |
Expected dividend yield | 1.21% |
Risk-free interest rate | 2.22% |
Expected life (years) | '7 years |
Maximum [Member] | ' |
Note 16 - Shareholders' Equity (Details) - Fair Value Assumptions for Stock Options [Line Items] | ' |
Weighted-average volatility | 39.00% |
Note_17_Subsequent_Event_Detai
Note 17 - Subsequent Event (Details) (USD $) | 3 Months Ended | 6 Months Ended | 1 Months Ended |
Jun. 30, 2014 | Jun. 30, 2014 | Jul. 23, 2014 | |
Subsequent Event [Member] | |||
Note 17 - Subsequent Event (Details) [Line Items] | ' | ' | ' |
Common Stock, Dividends, Per Share, Declared | $0.02 | $0.02 | $0.02 |