Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2014 | Nov. 12, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'Cheviot Financial Corp. | ' |
Entity Central Index Key | '0001528843 | ' |
Trading Symbol | 'chev | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 6,707,803 |
Document Type | '10-Q | ' |
Document Period End Date | 30-Sep-14 | ' |
Amendment Flag | 'false | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
CONSOLIDATED_STATEMENTS_OF_FIN
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $7,150 | $14,129 |
Federal funds sold | 4,493 | 3,340 |
Interest-earning deposits in other financial institutions | 4,655 | 4,643 |
Cash and cash equivalents | 16,298 | 22,112 |
Investment securities available for sale - at fair value | 144,289 | 153,942 |
Mortgage-backed securities available for sale - at fair value | 17,902 | 9,361 |
Mortgage-backed securities held to maturity - at cost, approximate market value of $2,872 and $3,230 at September 30, 2014 and December 31, 2013, respectively | 2,769 | 3,116 |
Loans receivable - net | 334,434 | 336,134 |
Loans held for sale - at lower of cost or market | 765 | 703 |
Real estate acquired through foreclosure - net | 2,276 | 3,284 |
Office premises and equipment - at depreciated cost | 11,008 | 11,505 |
Federal Home Loan Bank stock - at cost | 8,651 | 8,651 |
Accrued interest receivable on loans | 1,046 | 1,173 |
Accrued interest receivable on mortgage-backed securities | 55 | 23 |
Accrued interest receivable on investments and interest-earning deposits | 631 | 775 |
Goodwill | 10,309 | 10,309 |
Core deposit intangible | 425 | 540 |
Prepaid expenses and other assets | 4,238 | 3,537 |
Bank-owned life insurance | 15,844 | 15,733 |
Prepaid federal income taxes | 267 | 1,284 |
Deferred federal income taxes | 1,626 | 4,928 |
Total assets | 572,833 | 587,110 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ' | ' |
Deposits | 455,805 | 469,387 |
Advances from the Federal Home Loan Bank | 15,444 | 19,261 |
Advances by borrowers for taxes and insurance | 1,703 | 2,357 |
Accrued interest payable | 60 | 71 |
Accounts payable and other liabilities | 5,068 | 5,107 |
Total liabilities | 478,080 | 496,183 |
Shareholders' equity | ' | ' |
Preferred stock - authorized 5,000,000 shares, $.01 par value; none issued | ' | ' |
Common stock - authorized 30,000,000 shares, $.01 par value; 6,707,803 and 6,834,803 shares issued at September 30, 2014 and December 31, 2013 | 76 | 76 |
Additional paid-in capital | 55,820 | 57,215 |
Shares acquired by stock benefit plans | -1,545 | -1,574 |
Retained earnings - restricted | 42,857 | 42,439 |
Accumulated comprehensive loss, unrealized losses on securities available for sale, net of related tax benefit | -2,455 | -7,229 |
Total shareholders' equity | 94,753 | 90,927 |
Total liabilities and shareholders' equity | $572,833 | $587,110 |
CONSOLIDATED_STATEMENTS_OF_FIN1
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parentheticals) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Mortgage-backed securities held to maturity, approximate market value (in dollars) | $2,872 | $3,230 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, par value (in dollars per share) | $0.01 | $0.01 |
Preferred stock, shares issued | ' | ' |
Common stock, shares authorized | 30,000,000 | 30,000,000 |
Common stock, par value (in dollars per share) | $0.01 | $0.01 |
Common stock, shares issued | 6,707,803 | 6,834,803 |
CONSOLIDATED_STATEMENTS_OF_EAR
CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Interest income | ' | ' | ' | ' |
Loans | $3,619 | $3,822 | $11,063 | $11,840 |
Mortgage-backed securities | 87 | 54 | 199 | 136 |
Investment securities | 778 | 712 | 2,326 | 2,357 |
Interest-earning deposits and other | 89 | 94 | 267 | 290 |
Total interest income | 4,573 | 4,682 | 13,855 | 14,623 |
Interest expense | ' | ' | ' | ' |
Deposits | 741 | 894 | 2,279 | 2,780 |
Borrowings | 127 | 171 | 413 | 548 |
Total interest expense | 868 | 1,065 | 2,692 | 3,328 |
Net interest income | 3,705 | 3,617 | 11,163 | 11,295 |
Provision for losses on loans | 255 | 585 | 810 | 925 |
Net interest income after provision for losses on loans | 3,450 | 3,032 | 10,353 | 10,370 |
Other income | ' | ' | ' | ' |
Rental | 24 | 24 | 80 | 97 |
Gain on sale of real estate acquired through foreclosure | 59 | -32 | 84 | 36 |
Loss on sale of office premises and equipment | ' | ' | ' | -255 |
Gain on sale of loans | 247 | 9 | 414 | 434 |
Gain on sale of investment securities designated as available-for-sale | 74 | ' | 795 | ' |
Earnings on bank-owned life insurance | 116 | 121 | 349 | 362 |
Service fee income | 399 | 388 | 1,171 | 1,125 |
Other operating | 4 | 1 | 8 | 200 |
Total other income | 923 | 511 | 2,901 | 1,999 |
General, administrative and other expense | ' | ' | ' | ' |
Employee compensation and benefits | 1,406 | 1,437 | 4,288 | 4,760 |
Occupancy and equipment | 348 | 405 | 1,080 | 1,236 |
Property, payroll and other taxes | 271 | 331 | 840 | 1,058 |
Data processing | 160 | 153 | 479 | 452 |
Legal and professional | 174 | 167 | 638 | 660 |
Advertising | 75 | 75 | 225 | 225 |
FDIC expense | 92 | 120 | 308 | 338 |
ATM processing expense | 99 | 104 | 282 | 289 |
Real estate owned impairment | 54 | 192 | 547 | 448 |
Core deposit intangible amortization | 34 | 47 | 115 | 159 |
Other operating | 349 | 547 | 1,250 | 1,336 |
Total general, administrative and other expense | 3,062 | 3,578 | 10,052 | 10,961 |
Earnings before income taxes | 1,311 | -35 | 3,202 | 1,408 |
Federal income taxes (benefit) | ' | ' | ' | ' |
Current | -29 | -138 | 116 | -246 |
Deferred | 438 | 82 | 843 | 577 |
Total federal income taxes | 409 | -56 | 959 | 331 |
NET EARNINGS | $902 | $21 | $2,243 | $1,077 |
EARNINGS PER SHARE | ' | ' | ' | ' |
Basic (in dollars per share) | $0.14 | $0 | $0.34 | $0.15 |
Diluted (in dollars per share) | $0.14 | $0 | $0.34 | $0.15 |
Dividends per common share (in dollars per share) | $0.09 | $0.09 | $0.27 | $0.27 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Statement Of Income and Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net earnings for the period | $902 | $21 | $2,243 | $1,077 |
Other comprehensive income (loss), net of tax expense (benefit): | ' | ' | ' | ' |
Unrealized holding gains (losses) on securities during the period, net of tax (benefits) expense of $2,459 and $(2,805) for the nine months ended September 30, 2014 and 2013, respectively, and $38 and $8 for the three months ended September 30, 2014 and 2013, respectively | 75 | 16 | 4,774 | -5,445 |
Comprehensive income (loss) | 977 | 37 | 7,017 | -4,368 |
Accumulated comprehensive loss | ($2,455) | ($4,845) | ($2,455) | ($4,845) |
CONSOLIDATED_STATEMENTS_OF_COM1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) (Parentheticals) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Statement Of Income and Comprehensive Income [Abstract] | ' | ' | ' | ' |
Tax (benefits) expense of unrealized holding gains (losses) on securities | $38 | $8 | $2,459 | ($2,805) |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Cash flows from operating activities: | ' | ' |
Net earnings for the period | $2,243 | $1,077 |
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities: | ' | ' |
Amortization of premiums and discounts on investment and mortgage-backed securities, net | -11 | -20 |
Depreciation | 538 | 573 |
Charitable donation of real estate owned property | ' | 32 |
Amortization of deferred loan origination costs - net | 47 | -27 |
Amortization of intangible assets | 115 | 159 |
Amortization of fair value adjustments | -341 | -605 |
Proceeds from sale of loans in the secondary market | 17,230 | 33,258 |
Loans originated for sale in the secondary market | -17,746 | -36,953 |
Gain on sale of loans | -414 | -434 |
Gain on sale of real estate acquired through foreclosure | -80 | -36 |
Impairment on real estate acquired through foreclosure | 557 | 448 |
Loss on sale of office premises and equipment | ' | 255 |
Gain on sale of investment securities designated as available-for-sale | -795 | ' |
Net increase in cash surrender value of bank-owned life insurance | -348 | -363 |
Amortization of expense related to stock benefit plans | 45 | 40 |
Provision for losses on loans | 810 | 925 |
Increase (decrease) in cash due to changes in: | ' | ' |
Accrued interest receivable on loans | 127 | 94 |
Accrued interest receivable on mortgage-backed securities | -32 | -5 |
Accrued interest receivable on investments and interest earning deposits | 144 | 430 |
Prepaid expenses and other assets | -701 | 1,174 |
Accrued interest payable | -11 | -15 |
Accounts payable and other liabilities | -113 | -1,505 |
Federal income taxes | ' | ' |
Current | 1,017 | -241 |
Deferred | 843 | 577 |
Net cash provided by (used in) operating activities | 3,124 | -1,162 |
Cash flows provided by (used in) investing activities: | ' | ' |
Principal repayments on loans | 49,779 | 53,292 |
Loan disbursements | -48,501 | -48,850 |
Purchase of investment securities - available for sale | -14,978 | -80,928 |
Proceeds from maturity of investment securities - available for sale | 30,000 | 106,175 |
Purchase of corporate securities | ' | -1,920 |
Proceeds from the sale of corporate securities | 2,715 | ' |
Purchase of mortgage-backed securities - available for sale | -10,095 | -4,977 |
Principal repayments on mortgage-backed securities - available for sale | 1,509 | 1,136 |
Principal repayments on mortgage-backed securities - held to maturity | 347 | 360 |
Proceeds from sale of real estate acquired through foreclosure | 1,034 | 1,662 |
Additions to real estate acquired through foreclosure | ' | -7 |
Proceeds from bank-owned life insurance | 237 | ' |
Proceeds from sale of office premises and equipment | ' | 1,167 |
Purchase of office premises and equipment | -41 | -1,211 |
Net cash provided by investing activities | 12,006 | 25,899 |
Cash flows provided by (used in) financing activities: | ' | ' |
Net decrease in deposits | -13,304 | -18,736 |
Repayments on Federal Home Loan Bank advances | -3,750 | -4,142 |
Advances by borrowers for taxes and insurance | -654 | -660 |
Stock option expense, net | 39 | 17 |
Common stock repurchased | -1,450 | -8,560 |
Dividends paid on common stock | -1,825 | -1,897 |
Net cash used in financing activities | -20,944 | -33,978 |
Net increase in cash and cash equivalents | -5,814 | -9,241 |
Cash and cash equivalents at beginning of period | 22,112 | 25,114 |
Cash and cash equivalents at end of period | 16,298 | 15,873 |
Cash paid during the period for: | ' | ' |
Federal income taxes | ' | ' |
Interest on deposits and borrowings | 2,703 | 3,343 |
Supplemental disclosure of noncash investing activities: | ' | ' |
Transfer of loans to real estate acquired through foreclosure | 503 | 2,352 |
Recognition of mortgage servicing rights | 104 | 242 |
Deferred gain on real estate acquired through foreclosure | $4 | $7 |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2014 | |
Basis Of Presentation [Abstract] | ' |
Basis of Presentation | ' |
1. Basis of Presentation | |
Cheviot Financial Corp. (“Cheviot Financial” or the “Corporation”) is a savings and loan holding company, the principal asset of which consists of its ownership of Cheviot Savings Bank (the “Savings Bank”). The Savings Bank conducts a general banking business in southwestern Ohio which consists of attracting deposits and applying those funds primarily to the origination of real estate loans. The Savings Bank’s profitability is significantly dependent on net interest income, which is the difference between interest income from interest-earning assets and the interest expense paid on interest-bearing liabilities. Net interest income is affected by the relative amount of interest-earning assets and interest-bearing liabilities and the interest received or paid on these balances. | |
On January 18, 2012, Cheviot Financial completed a second step reorganization and sale of common stock. Prior to the completion of the second step conversion, Cheviot Financial was a federal corporation and mid-tier holding company. Following the reorganization Cheviot Financial is a Maryland corporation and the holding company of the Savings Bank. | |
The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10-Q and, therefore, do not include information or footnotes necessary for a complete presentation of financial position, results of operations and cash flows in conformity with accounting principles generally accepted in the United States of America. Accordingly, these consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto of Cheviot Financial included in the Annual Report on Form 10-K for the year ended December 31, 2013. However, in the opinion of management, all adjustments (consisting of only normal recurring accruals) which are necessary for a fair presentation of the consolidated financial statements have been included. The results of operations for the three or nine month period ended September 30, 2014 are not necessarily indicative of the results which may be expected for the entire year. | |
Cheviot Financial evaluates subsequent events through the date of filing with the Securities and Exchange Commission. |
Principles_of_Consolidation
Principles of Consolidation | 9 Months Ended |
Sep. 30, 2014 | |
Organization, Consolidation and Presentation Of Financial Statements [Abstract] | ' |
Principles of Consolidation | ' |
2. Principles of Consolidation | |
The accompanying consolidated financial statements as of and for the three and nine months ended September 30, 2014 and 2013 include the accounts of the Corporation and its wholly-owned subsidiary, the Savings Bank. All significant intercompany items have been eliminated. |
Liquidity_and_Capital_Resource
Liquidity and Capital Resources | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Liquidity and Capital Resources [Abstract] | ' | ||||||||||||||||||||
Liquidity and Capital Resources | ' | ||||||||||||||||||||
3. Liquidity and Capital Resources | |||||||||||||||||||||
Liquidity describes the ability to meet the financial obligations that arise in the ordinary course of business. Liquidity is primarily needed to meet the borrowing and deposit withdrawal requirements of customers and to fund current and planned expenditures. The Corporation’s primary sources of funds are deposits, scheduled amortization and prepayments of loan principal and mortgage-backed securities, maturities and calls of securities and funds provided by operations. In addition, the Corporation may borrow from the Federal Home Loan Bank of Cincinnati. At September 30, 2014 and December 31, 2013, the Corporation had $15.4 million and $19.3 million, respectively, in outstanding borrowings from the Federal Home Loan Bank of Cincinnati and had the capacity to increase such borrowings at those dates by approximately $132.8 million and $121.1 million, respectively. | |||||||||||||||||||||
Loan repayments and maturing securities are a relatively predictable source of funds. However, deposit flows, calls of securities and prepayments of loans and mortgage-backed securities are strongly influenced by interest rates, general and local economic conditions and competition in the marketplace. These factors reduce the predictability of these sources of funds. | |||||||||||||||||||||
The Corporation’s primary investing activities are the origination of one- to four-family real estate loans, commercial real estate, construction and consumer loans, and the purchase of securities. For the nine months ended September 30, 2014, loan originations including amounts sold in the secondary market totaled $66.2 million, compared to $85.8 million for the nine months ended September 30, 2013. | |||||||||||||||||||||
Total deposits decreased $13.6 million during the nine months ended September 30, 2014, while total deposits decreased $19.2 million during the nine months ended September 30, 2013. Deposit flows are affected by the level of interest rates, the interest rates and products offered by competitors and other factors. | |||||||||||||||||||||
The following table sets forth information regarding the Corporation’s obligations and commitments to make future payments under contracts as of September 30, 2014. | |||||||||||||||||||||
Payments due by period | |||||||||||||||||||||
Less | More than | More than | More | ||||||||||||||||||
than | 1-3 | 3-5 | than | ||||||||||||||||||
1 year | years | years | 5 years | Total | |||||||||||||||||
(In thousands) | |||||||||||||||||||||
Contractual obligations: | |||||||||||||||||||||
Advances from the Federal Home Loan Bank | $ | 632 | $ | 11,051 | $ | 1,451 | $ | 2,310 | $ | 15,444 | |||||||||||
Certificates of deposit | 126,189 | 62,524 | 26,442 | 135 | 215,290 | ||||||||||||||||
Lease obligations | 123 | 198 | 122 | 159 | 602 | ||||||||||||||||
Purchase of leased facility | 575 | - | - | - | 575 | ||||||||||||||||
Amount of loan commitments and expiration per period: | |||||||||||||||||||||
Commitments to originate one- to four-family loans | 1,354 | - | - | - | 1,354 | ||||||||||||||||
Home equity lines of credit | 26,529 | - | - | - | 26,529 | ||||||||||||||||
Commercial lines of credit | 1,153 | - | - | - | 1,153 | ||||||||||||||||
Undisbursed loans in process | 5,289 | - | - | - | 5,289 | ||||||||||||||||
Total contractual obligations | $ | 161,844 | $ | 73,773 | $ | 28,015 | $ | 2,604 | $ | 266,236 | |||||||||||
Cheviot Financial is committed to maintaining a strong liquidity position and management monitors the Corporation’s liquidity position on a daily basis. The Corporation anticipates that it will have sufficient funds to meet current funding commitments. Based on deposit retention experience and current pricing strategy, it’s anticipated that a significant portion of maturing time deposits will be retained. | |||||||||||||||||||||
At September 30, 2014 and 2013, we exceeded all of the applicable regulatory capital requirements. Core (Tier 1) capital was $79.2 million and $77.9 million, or 14.1% and 13.5% of total assets at September 30, 2014 and 2013, respectively. In order to be classified as “well-capitalized” under federal banking regulations, the Savings Bank was required to have core capital of at least $34.4 million, or 6.0% of assets as of September 30, 2014. To be classified as a well-capitalized bank, the Savings Bank must also have a ratio of total risk-based capital to risk-weighted assets of at least 10.0%. At September 30, 2014 and 2013, the Savings Bank had a total risk-based capital ratio of 25.6% and 25.5%, respectively. | |||||||||||||||||||||
Earnings_Per_Share
Earnings Per Share | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Earnings Per Share | ' | ||||||||||||||||
4. Earnings Per Share | |||||||||||||||||
Basic earnings per share is computed based upon the weighted-average common shares outstanding during the period, less shares in the ESOP that are unallocated and not committed to be released plus shares in the ESOP that have been allocated. Weighted-average common shares deemed outstanding gives effect to 168,300 and 208,251 unallocated shares held by the ESOP for the nine months ended September 30, 2014 and 2013, respectively. | |||||||||||||||||
For the nine months ended | For the three months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Weighted-average common shares outstanding (basic) | 6,599,772 | 6,942,409 | 6,539,499 | 6,628,648 | |||||||||||||
Dilutive effect of assumed exercise of stock options | 65,168 | 6,798 | 62,530 | 6,819 | |||||||||||||
Weighted-average common shares outstanding (diluted) | 6,664,940 | 6,949,207 | 6,602,029 | 6,635,467 |
Stock_Option_Plan
Stock Option Plan | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract] | ' | ||||||||||||||||
Stock Option Plan | ' | ||||||||||||||||
5. Stock Option Plan | |||||||||||||||||
On April 23, 2013, the Corporation approved a Stock Incentive Plan. During the nine months ended September 30, 2014, 400,000 stock options were granted subject to a five year vesting period. | |||||||||||||||||
The Corporation follows FASB Accounting Standard Codification Topic 718 (ASC 718), “Compensation – Stock Compensation,” for its stock option plans, and accordingly, the Corporation recognizes the expense of these grants as required. Stock-based employee compensation costs pertaining to stock options is reflected as a net increase in equity, for both any new grants, as well as for all unvested options outstanding at December 31, 2005, in both cases using the fair values established by usage of the Black-Scholes option pricing model, expensed over the vesting period of the underlying option. | |||||||||||||||||
The Corporation elected the modified prospective transition method in applying ASC 718. Under this method, the provisions of ASC 718 apply to all awards granted or modified after the date of adoption, as well as for all unvested options outstanding at December 31, 2005. The compensation cost recorded for unvested equity-based awards is based on their grant-date fair value. For the nine months ended September 30, 2014, the Corporation recorded $29,000 in after-tax compensation cost for equity-based awards that vested during the nine months ended September 30, 2014. The Corporation has $609,000 unrecognized pre-tax compensation cost related to non-vested equity-based awards granted under its stock incentive plan as of September 30, 2014, which is expected to be recognized over a weighted-average vesting period of approximately 2.1 years. | |||||||||||||||||
A summary of the status of the Corporation’s stock options plan as of September 30, 2014 and the year ended December 31, 2013 as well as the changes during the period then ended are presented below: | |||||||||||||||||
Nine months ended | Year ended | ||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||
Weighted- | Weighted- | ||||||||||||||||
average | average | ||||||||||||||||
exercise | exercise | ||||||||||||||||
Shares | price | Shares | price | ||||||||||||||
Outstanding at beginning of period | 369,939 | $ | 12.8 | 370,339 | $ | 12.8 | |||||||||||
Granted | 400,000 | 12.48 | - | - | |||||||||||||
Exercised | - | - | - | - | |||||||||||||
Forfeited | - | - | (400 | ) | 8.3 | ||||||||||||
Outstanding at end of period | 769,939 | $ | 12.63 | 369,939 | $ | 12.8 | |||||||||||
Options exercisable at period-end | 363,791 | $ | 12.74 | 359,177 | $ | 12.91 | |||||||||||
Options expected to be exercisable at year-end | 363,791 | 359,177 | |||||||||||||||
Fair value of options granted | 1.56 | NA | |||||||||||||||
The following information applies to options outstanding at September 30, 2014: | |||||||||||||||||
Number outstanding | 769,939 | ||||||||||||||||
Exercise price | $8.30 - $15.90 | ||||||||||||||||
Weighted-average exercise price | $12.63 | ||||||||||||||||
Weighted-average remaining contractual life | 5.6 years | ||||||||||||||||
The expected term of options is based on evaluations of historical and expected future employee exercise behavior. The risk free interest rate is based upon the U.S. Treasury rates at the date of grant with maturity dates approximately equal to the expected life at the grant date. Volatility is based upon the historical volatility of the Corporation’s stock. | |||||||||||||||||
The fair value of each option granted is estimated on the date of the grant using the modified Black-Scholes options-pricing model with the following weighted-average assumptions used for the grant during 2014, dividend yield of 2.88%; expected volatility of 14.25%; risk-free interest rates of 2.55%; and expected lives of 10 years. | |||||||||||||||||
The effects of expensing stock options are reported in “cash provided by financing activities” in the Consolidated Statements of Cash Flows. |
Investment_and_Mortgagebacked_
Investment and Mortgage-backed Securities | 9 Months Ended | ||||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||||||
Investment and Mortgage-backed Securities | ' | ||||||||||||||||||||||||||||||||||||
6. Investment and Mortgage-backed Securities | |||||||||||||||||||||||||||||||||||||
The amortized cost, gross unrealized gains, gross unrealized losses and estimated fair values of investment securities at September 30, 2014 and December 31, 2013 are shown below. | |||||||||||||||||||||||||||||||||||||
September 30, 2014 | |||||||||||||||||||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||||||||||||||||||
Amortized | unrealized | unrealized | fair | ||||||||||||||||||||||||||||||||||
cost | gains | losses | value | ||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Available for Sale: | |||||||||||||||||||||||||||||||||||||
U.S. Government agency securities | $ | 145,077 | $ | 13 | $ | 3,988 | $ | 141,102 | |||||||||||||||||||||||||||||
Municipal obligations | 3,033 | 154 | - | 3,187 | |||||||||||||||||||||||||||||||||
$ | 148,110 | $ | 167 | $ | 3,988 | $ | 144,289 | ||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||||||||||||||||||
Amortized | unrealized | unrealized | fair | ||||||||||||||||||||||||||||||||||
cost | gains | losses | value | ||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Available for Sale: | |||||||||||||||||||||||||||||||||||||
U.S. Government agency securities | $ | 160,063 | $ | - | $ | 11,714 | $ | 148,349 | |||||||||||||||||||||||||||||
Municipal obligations | 3,035 | 83 | 103 | 3,015 | |||||||||||||||||||||||||||||||||
Corporate securities | 1,920 | 658 | - | 2,578 | |||||||||||||||||||||||||||||||||
$ | 165,018 | $ | 741 | $ | 11,817 | $ | 153,942 | ||||||||||||||||||||||||||||||
Unrealized gross gains and losses on investments and mortgage backed securities are shown on the Corporation’s consolidated financial as an adjustment to shareholders’ equity. | |||||||||||||||||||||||||||||||||||||
The amortized cost of investment securities at September 30, 2014, by contractual term to maturity, are shown below. | |||||||||||||||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||||||||||||||
2014 | |||||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Less than one year | $ | 12,991 | |||||||||||||||||||||||||||||||||||
One to five years | 42,941 | ||||||||||||||||||||||||||||||||||||
Five to ten years | 72,205 | ||||||||||||||||||||||||||||||||||||
More than ten years | 19,973 | ||||||||||||||||||||||||||||||||||||
$ | 148,110 | ||||||||||||||||||||||||||||||||||||
The amortized cost, gross unrealized gains, gross unrealized losses and estimated fair values of mortgage-backed securities at September 30, 2014 and December 31, 2013 are shown below. | |||||||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||||||||||||||||||
Amortized | unrealized | unrealized | fair | ||||||||||||||||||||||||||||||||||
cost | holding gains | holding losses | value | ||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Available for sale: | |||||||||||||||||||||||||||||||||||||
Federal Home Loan Mortgage Corporation adjustable-rate participation certificates | $ | 10,259 | $ | 26 | $ | 39 | $ | 10,246 | |||||||||||||||||||||||||||||
Federal National Mortgage Association adjustable-rate participation certificates | 5,254 | 46 | 2 | 5,298 | |||||||||||||||||||||||||||||||||
Government National Mortgage Association adjustable-rate participation certificates | 2,288 | 70 | - | 2,358 | |||||||||||||||||||||||||||||||||
$ | 17,801 | $ | 142 | $ | 41 | $ | 17,902 | ||||||||||||||||||||||||||||||
Held to maturity: | |||||||||||||||||||||||||||||||||||||
Federal Home Loan Mortgage Corporation adjustable-rate participation certificates | $ | 212 | $ | 6 | $ | - | $ | 218 | |||||||||||||||||||||||||||||
Federal National Mortgage Association adjustable-rate participation certificates | 157 | 2 | - | 159 | |||||||||||||||||||||||||||||||||
Government National Mortgage Association adjustable-rate participation certificates | 2,400 | 95 | - | 2,495 | |||||||||||||||||||||||||||||||||
$ | 2,769 | $ | 103 | $ | - | $ | 2,872 | ||||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||||||||||||||||||
Amortized | unrealized | unrealized | fair | ||||||||||||||||||||||||||||||||||
cost | holding gains | holding losses | value | ||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Available for sale: | |||||||||||||||||||||||||||||||||||||
Federal Home Loan Mortgage Corporation adjustable-rate participation certificates | $ | 677 | $ | 34 | $ | 1 | $ | 710 | |||||||||||||||||||||||||||||
Federal National Mortgage Association adjustable-rate participation certificates | 5,940 | 40 | 36 | 5,944 | |||||||||||||||||||||||||||||||||
Government National Mortgage Association adjustable-rate participation certificates | 2,622 | 85 | - | 2,707 | |||||||||||||||||||||||||||||||||
$ | 9,239 | $ | 159 | $ | 37 | $ | 9,361 | ||||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||||||||||||||||||
Amortized | unrealized | unrealized | fair | ||||||||||||||||||||||||||||||||||
cost | holding gains | holding losses | value | ||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Held to maturity: | |||||||||||||||||||||||||||||||||||||
Federal Home Loan Mortgage Corporation adjustable-rate participation certificates | $ | 253 | $ | 8 | $ | - | $ | 261 | |||||||||||||||||||||||||||||
Federal National Mortgage Association adjustable-rate participation certificates | 212 | 6 | - | 218 | |||||||||||||||||||||||||||||||||
Government National Mortgage Association adjustable-rate participation certificates | 2,651 | 100 | - | 2,751 | |||||||||||||||||||||||||||||||||
$ | 3,116 | $ | 114 | $ | - | $ | 3,230 | ||||||||||||||||||||||||||||||
The amortized cost of mortgage-backed securities, including those designated as available for sale, at September 30, 2014, by contractual terms to maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may generally prepay obligations without prepayment penalties. | |||||||||||||||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||||||||||||||
2014 | |||||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Due in one year or less | $ | 823 | |||||||||||||||||||||||||||||||||||
Due in one year through five years | 3,467 | ||||||||||||||||||||||||||||||||||||
Due in five years through ten years | 4,756 | ||||||||||||||||||||||||||||||||||||
Due in more than ten years | 11,524 | ||||||||||||||||||||||||||||||||||||
$ | 20,570 | ||||||||||||||||||||||||||||||||||||
The table below indicates the length of time individual securities have been in a continuous unrealized loss position at September 30, 2014: | |||||||||||||||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||||||||||||||||||||
Description of | Number of | Fair | Unrealized | Number of | Fair | Unrealized | Number of | Fair | Unrealized | ||||||||||||||||||||||||||||
securities | investments | value | losses | investments | value | losses | investments | value | losses | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||||||||||
U.S. Government agency securities | 1 | $ | 4,987 | $ | 13 | 24 | $ | 126,123 | $ | 3,975 | 25 | $ | 131,110 | $ | 3,988 | ||||||||||||||||||||||
Municipal obligations | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||
Mortgage-backed securities | 15 | 9,795 | 39 | 12 | 110 | 2 | 27 | 9,905 | 41 | ||||||||||||||||||||||||||||
Total temporarily impaired securities | 16 | $ | 14,782 | $ | 52 | 36 | $ | 126,233 | $ | 3,977 | 52 | $ | 141,015 | $ | 4,029 | ||||||||||||||||||||||
Management does not intend to sell any of the debt securities with an unrealized loss and does not believe that it is more likely than not that the Corporation will be required to sell a security in an unrealized loss position prior to a recovery in value. The decline in the fair value is primarily due to an increase in market interest rates. The fair values are expected to recover as securities approach maturity dates. The Corporation has evaluated these securities and has determined that the decline in their values is temporary. | |||||||||||||||||||||||||||||||||||||
Income_Taxes
Income Taxes | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Income Taxes | ' | ||||||||
7. Income Taxes | |||||||||
The Corporation uses an asset and liability approach to accounting for income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. Deferred tax assets are recognized if it is more likely than not that a future benefit will be realized. The Corporation accounts for income taxes in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 740, Income Taxes, which prescribes the recognition and measurement criteria related to tax positions taken or expected to be taken in a tax return. | |||||||||
The Corporation’s principal temporary differences between financial income and taxable income result mainly from different methods of accounting for Federal Home Loan Bank stock dividends, the general loan loss allowance, deferred compensation, stock benefit plans and fair value adjustments arising from the First Franklin acquisition. The Corporation has approximately $1.5 million of net operating losses to carryforward for the next 20 years. These losses are subject to the Internal Revenue Code Section 382 limitations which allow approximately $1.5 million of the losses on an annual basis to offset current year taxable income. | |||||||||
The Corporation recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. At adoption date, January 1, 2007, the Corporation applied the standard to all tax positions for which the statute of limitations remained open and was not required to record any liability for unrecognized tax benefits as that date. There have been no material changes in unrecognized tax benefits since January 1, 2007. The known tax attributes which can influence the Corporation’s effective tax rate is the utilization of net operating loss carryforwards subject to the limitations under Internal Revenue Code Section 382. | |||||||||
The Corporation is subject to income taxes in the U.S. federal jurisdiction, as well as various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Corporation is no longer subject to U.S. federal, state and local, or non U.S. income tax examinations by tax authorities for the years before 2011. | |||||||||
The Corporation will recognize, if applicable, interest accrued related to unrecognized tax liabilities in interest expense and penalties in operating expenses. | |||||||||
Federal income tax on earnings differs from that computed at the statutory corporate tax rate for the periods ended September 30, 2014 and 2013: | |||||||||
2014 | 2013 | ||||||||
(Dollars in thousands) | |||||||||
Federal income taxes at statutory rate of 34% | $ | 1,089 | $ | 479 | |||||
Increase (decrease) in taxes resulting primarily from: | |||||||||
Stock compensation | 17 | 8 | |||||||
Nontaxable interest income | (29 | ) | (29 | ) | |||||
Cash surrender value of life insurance | (119 | ) | (123 | ) | |||||
Other | 1 | (4 | ) | ||||||
Federal income taxes per financial statements | $ | 959 | $ | 331 | |||||
Effective tax rate | 30 | % | 23.5 | % |
Fair_Value_of_Financial_Instru
Fair Value of Financial Instruments | 9 Months Ended | |
Sep. 30, 2014 | ||
Fair Value Of Financial Instruments [Abstract] | ' | |
Fair Value of Financial Instruments | ' | |
8. Fair Value of Financial Instruments | ||
Fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practical to estimate the value, is based upon the characteristics of the instruments and relevant market information. Financial instruments include cash, evidence of ownership in an entity or contracts that convey or impose on an entity the contractual right or obligation to either receive or deliver cash for another financial instrument. These fair value estimates are based on relevant market information and information about the financial instruments. Fair value estimates are intended to represent the price for which an asset could be sold or liability could be settled. However, given there is no active market or observable market transactions identical to many of the Corporation’s financial instruments, estimates of many of these fair values are based upon observable inputs 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 following methods and assumptions were used by the Corporation in estimating its fair value disclosures for financial instruments at September 30, 2014: | ||
Cash and cash equivalents: The carrying amounts presented in the consolidated statements of financial condition for cash and cash equivalents are deemed to approximate fair value. | ||
Investment and mortgage-backed securities: For investment and mortgage-backed securities, fair value is deemed to equal the quoted market price. | ||
Loans receivable: The loan portfolio was segregated into categories with similar characteristics, such as one-to four-family residential, multi-family residential and commercial real estate. These loan categories were further delineated into fixed-rate and adjustable-rate loans. The fair values for the resultant loan categories were computed via discounted cash flow analysis, using current interest rates offered for loans with similar terms to borrowers of similar credit quality. For loans on deposit accounts, fair values were deemed to equal the historic carrying values. The historical carrying amount of accrued interest on loans is deemed to approximate fair value. | ||
Federal Home Loan Bank stock: The carrying amount presented in the consolidated statements of financial condition is deemed to approximate fair value. | ||
Deposits: The fair value of passbook accounts and money market demand deposits is deemed to approximate the amount payable on demand at September 30, 2014. Fair values for fixed-rate certificates of deposit have been estimated using a discounted cash flow calculation using the interest rates currently offered for deposits of similar remaining maturities. | ||
Advances from the Federal Home Loan Bank: The fair value of these advances is estimated using the rates currently offered for similar advances of similar remaining maturities or, when available, quoted market prices. | ||
Advances by Borrowers for Taxes and Insurance: The carrying amount of advances by borrowers for taxes and insurance is deemed to approximate fair value. | ||
Commitments to extend credit: For fixed-rate loan commitments, the fair value estimate considers the difference between current levels of interest rates and committed rates. At September 30, 2014, the fair value of the derivative loan commitments was not material. |
Disclosures_about_Fair_Value_o
Disclosures about Fair Value of Assets and Liabilities | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Disclosures about Fair Value of Assets and Liabilities | ' | ||||||||||||||||
9. Disclosures about Fair Value of Assets and Liabilities | |||||||||||||||||
The estimated fair values of the Company’s financial instruments are as follows: | |||||||||||||||||
September 30, 2014 | 31-Dec-13 | ||||||||||||||||
Carrying | Fair | Carrying | Fair | ||||||||||||||
value | value | value | value | ||||||||||||||
(In thousands) | |||||||||||||||||
Financial assets | |||||||||||||||||
Cash and cash equivalents | $ | 16,298 | $ | 16,298 | $ | 22,112 | $ | 22,112 | |||||||||
Investment securities | 144,289 | 144,289 | 153,942 | 153,942 | |||||||||||||
Mortgage-backed securities | 20,671 | 20,774 | 12,477 | 12,591 | |||||||||||||
Loans receivable – net and loans held for sale | 335,199 | 355,689 | 336,837 | 362,066 | |||||||||||||
Accrued interest receivable | 1,732 | 1,732 | 1,971 | 1,971 | |||||||||||||
Federal Home Loan Bank stock | 8,651 | 8,651 | 8,651 | 8,651 | |||||||||||||
$ | 526,840 | $ | 547,433 | $ | 535,990 | $ | 561,333 | ||||||||||
Financial liabilities | |||||||||||||||||
Deposits | $ | 455,805 | $ | 455,206 | $ | 469,387 | $ | 468,417 | |||||||||
Advances from the Federal Home Loan Bank | 15,444 | 15,609 | 19,261 | 20,207 | |||||||||||||
Accrued interest payable | 60 | 60 | 71 | 71 | |||||||||||||
Advances by borrowers for taxes and insurance | 1,703 | 1,703 | 2,357 | 2,357 | |||||||||||||
$ | 473,012 | $ | 472,578 | $ | 491,076 | $ | 491,052 | ||||||||||
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level hierarchy exists for fair value measurements based upon the inputs to the valuation of an asset or liability. | |||||||||||||||||
Level 1 | Quoted prices in active markets for identical assets or liabilities. | ||||||||||||||||
Level 2 | Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. | ||||||||||||||||
Level 3 | Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. | ||||||||||||||||
Fair value methods and assumptions are set forth below for each type of financial instrument. | |||||||||||||||||
Securities available for sale: Fair value on available for sale securities was based upon a market approach. Securities which are fixed income instruments that are not quoted on an exchange, but are traded in active markets, are valued using prices obtained from our custodian, which used third party data service providers and classified as level 2 assets. Management compares the fair values to another third party report for reasonableness. Available for sale securities includes U.S. agency securities, municipal bonds and mortgage-backed agency securities. | |||||||||||||||||
Quoted prices | |||||||||||||||||
in active | Significant | Significant | |||||||||||||||
markets for | other | other | |||||||||||||||
identical | observable | unobservable | |||||||||||||||
assets | inputs | inputs | |||||||||||||||
Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
(In thousands) | |||||||||||||||||
Securities available for sale at September 30, 2014: | |||||||||||||||||
U.S. Government agency securities | $ | 141,102 | - | $ | 141,102 | - | |||||||||||
Municipal obligations | 3,187 | - | 3,187 | - | |||||||||||||
Mortgage-backed securities | 17,902 | - | 17,902 | - | |||||||||||||
Securities available for sale at December 31, 2013: | |||||||||||||||||
U.S. Government agency securities | $ | 148,349 | - | $ | 148,349 | - | |||||||||||
Municipal obligations | 3,015 | - | 3,015 | - | |||||||||||||
Corporate Securities | 2,578 | - | 2,578 | - | |||||||||||||
Mortgage-backed securities | 9,361 | - | 9,361 | - | |||||||||||||
The Corporation is predominately an asset-based lender with real estate serving as collateral on a substantial majority of loans. Loans which are deemed to be impaired are primarily valued on a nonrecurring basis at the fair values of the underlying real estate collateral. Such fair values are obtained using independent appraisals based on comparable sales, which the Corporation considers to be Level 2 inputs. The aggregate carrying amount of impaired loans, including loans acquired from Franklin Savings with a fair value discount, at September 30, 2014 and December 31, 2013 were approximately $15.6 million and $16.5 million, respectively. | |||||||||||||||||
The Corporation has real estate acquired through foreclosure totaling $2.3 million and $3.3 million at September 30, 2014 and December 31, 2013, respectively. Real estate acquired through foreclosure is carried at the lower of the cost or fair value less estimated selling expenses at the date of acquisition. Fair values are obtained using independent appraisals, based on comparable sales which the Corporation considers to be Level 2 inputs. The aggregate amount of real estate acquired through foreclosure that is carried at fair value was approximately $2.3 and $3.3 million at September 30, 2014 and December 31, 2013, respectively. | |||||||||||||||||
The following table presents fair value measurements for the Company’s financial instruments that are not recognized at fair value in the accompanying statements of financial position on a recurring or nonrecurring basis. | |||||||||||||||||
Total | Quoted prices | Significant | Significant | ||||||||||||||
in active | other | other | |||||||||||||||
markets for | observable | unobservable | |||||||||||||||
identical assets | inputs | inputs | |||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
(In thousands) | |||||||||||||||||
September 30, 2014: | |||||||||||||||||
Financial assets: | |||||||||||||||||
Cash and cash equivalents | $ | 16,298 | $ | 16,298 | $ | - | $ | - | |||||||||
Mortgage-backed securities | 2,872 | - | 2,872 | - | |||||||||||||
Loans receivable - net | 355,689 | - | 355,689 | - | |||||||||||||
Federal Home Loan Bank stock | 8,651 | - | 8,651 | - | |||||||||||||
Accrued interest receivable | 1,732 | - | 1,732 | - | |||||||||||||
Financial liabilities: | |||||||||||||||||
Deposits | 455,206 | - | 455,206 | - | |||||||||||||
Advances from the Federal Home Loan Bank | 15,609 | - | 15,609 | - | |||||||||||||
Advances by borrowers for taxes and insurance | 1,703 | - | 1,703 | - | |||||||||||||
Accrued interest payable | 60 | - | 60 | - | |||||||||||||
December 31, 2013: | |||||||||||||||||
Financial assets: | |||||||||||||||||
Cash and cash equivalents | $ | 22,112 | $ | 22,112 | $ | - | $ | - | |||||||||
Mortgage-backed securities | 3,230 | - | 3,230 | - | |||||||||||||
Loans receivable - net | 362,066 | - | 362,066 | - | |||||||||||||
Federal Home Loan Bank stock | 8,651 | - | 8,651 | - | |||||||||||||
Accrued interest receivable | 1,971 | - | 1,971 | - | |||||||||||||
Financial liabilities: | |||||||||||||||||
Deposits | 468,417 | - | 468,417 | - | |||||||||||||
Advances from the Federal Home Loan Bank | 20,207 | - | 20,207 | - | |||||||||||||
Advances by borrowers for taxes and insurance | 2,357 | - | 2,357 | - | |||||||||||||
Accrued interest payable | 71 | - | 71 | - | |||||||||||||
Effects_of_Recent_Accounting_P
Effects of Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2014 | |
New Accounting Pronouncements and Changes In Accounting Principles [Abstract] | ' |
Effects of Recent Accounting Pronouncements | ' |
10. Effects of Recent Accounting Pronouncements | |
We adopted the following accounting guidance in 2014, none of which had a significant effect, if any, on our consolidated financial position or results of operations. | |
In January 2014, the FASB issued ASU No. 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40)¸which clarifies when an in substance repossession or foreclosure has occurred and the creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized. A creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan either when legal title to the residential real estate property is obtained upon completion of a foreclosure or when the borrower has conveyed all interest in the residential real property to the creditor to satisfy the loan through completion of a deed in lieu of foreclosure or similar arrangement. The ASU also require disclosure of both the amount of foreclosed residential real estate property held by the creditor and the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure. The guidance is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. We do not expect the adoption of these provisions to have a significant impact on the Company’s consolidated financial statements. | |
In June 2014, The FASB issued ASU No. 2014-12, Compensation – Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. The amendments in the ASU require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. A reporting entity should apply existing guidance in Topic 718, Compensation – Stock Compensation, as it relates to awards with performance conditions that affect vesting to account for such awards. The amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. The effective date is the same for both public business entities and all other entities. We do not expect the adoption of these provisions to have a significant impact on the Company’s consolidated financial statements. | |
In June 2014, The FASB issued ASU No. 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures, which changes the accounting for repurchase-to-maturity transactions and repurchase financing arrangements. It also requires additional disclosures about repurchase agreements and other similar transactions. The amendments in this ASU are effective for public companies for the first interim or annual period beginning after December 15, 2014. In addition, for public companies, the disclosure for certain transactions accounted for as a sale is effective for the first interim or annual period beginning on or after December 15, 2014, and the disclosure for transactions accounted for as secured borrowings is required to be presented for annual periods beginning after December 15, 2014, and interim periods beginning after March 15, 2015. Early application for a public company is prohibited. We do not expect the adoption of these provisions to have a significant impact on the Company’s consolidated financial statements. | |
In May 2014, The FASB issued ASU No. 2014-09, Revenue from Contracts with Customers: Topic 606. ASU 2014-09 affects any entity using U.S. GAAP that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). For a public entity, the amendments in this ASU are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. We do not expect the adoption of these provisions to have a significant impact on the Company’s consolidated financial statements. | |
In August, 2014, The FASB issued ASU No. 2014-14, Receivables – Troubled Debt Restructuring by Creditors (Subtopic 310-40). Under certain government-sponsored loan guarantee programs, such as those offered by the Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA), qualifying creditors can extend mortgage loans to borrowers with a guarantee that entitles the creditor to recover all or a portion of the unpaid principal balance from the government if the borrower defaults. The objective of this Update is to reduce diversity in practice by addressing the classification of foreclosed mortgage loans that are fully or partially guaranteed under government programs. Currently, some creditors reclassify those loans to real estate as with other foreclosed loans that do not have guarantees; others reclassify the loans to other receivables. The amendments in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. We do not expect the adoption of these provisions to have a significant impact on the Company’s consolidated financial statements. |
Intangible_Assets
Intangible Assets | 9 Months Ended | ||||
Sep. 30, 2014 | |||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||
Intangible Assets | ' | ||||
11. Intangible Assets | |||||
The Corporation recorded goodwill and other intangibles associated with the purchase of First Franklin and Franklin Savings in March 2011 totaling $11.6 million. Goodwill is not amortized, but is periodically evaluated for impairment. The Corporation did not recognize any impairment during the quarter ended September 30, 2014. The carrying amount of the goodwill at September 30, 2014 was $10.3 million. | |||||
Identifiable intangibles are amortized to their estimated residual values over the expected useful lives. Such lives are also periodically reassessed to determine if any amortization period adjustments are required. During the quarter ended September 30, 2014, no such adjustments were recorded. The identifiable intangible asset consists of a core deposit intangible which is being amortized on an accelerated basis over the useful life of such asset. The gross carrying amount of the core deposit intangible at September 30, 2014 was $1.3 million, with $873,000 in accumulated amortization as of that date. | |||||
As of September 30, 2014, the current year and estimated future amortization expense for the core deposit intangible was: | |||||
(In thousands) | |||||
2014 | $ | 34 | |||
2015 | 116 | ||||
2016 | 110 | ||||
2017 | 110 | ||||
2018 | 55 | ||||
Total | $ | 425 | |||
Financing_Receivables
Financing Receivables | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Financing Receivables | ' | ||||||||||||||||||||||||||||
12. Financing Receivables | |||||||||||||||||||||||||||||
The recorded investment in loans was as follows as of September 30, 2014: | |||||||||||||||||||||||||||||
One-to four- | |||||||||||||||||||||||||||||
Family | Multi-family | ||||||||||||||||||||||||||||
Residential | Residential | Construction | Commercial | Consumer | Total | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Purchased loans | $ | 69,010 | $ | 3,840 | $ | - | $ | 24,990 | $ | 198 | $ | 98,038 | |||||||||||||||||
Fair value discount - Credit impaired | |||||||||||||||||||||||||||||
purchased loans | (980 | ) | (5 | ) | - | (374 | ) | - | (1,359 | ) | |||||||||||||||||||
Fair value discount – Non-impaired | |||||||||||||||||||||||||||||
purchased loans | (219 | ) | (92 | ) | - | (129 | ) | (15 | ) | (455 | ) | ||||||||||||||||||
Purchased loans | |||||||||||||||||||||||||||||
book value | 67,811 | 3,743 | - | 24,487 | 183 | 96,224 | |||||||||||||||||||||||
Originated loans (1) | 162,280 | 16,544 | 9,076 | -2 | 56,960 | 822 | 245,682 | ||||||||||||||||||||||
Ending balance | $ | 230,091 | $ | 20,287 | $ | 9,076 | $ | 81,447 | $ | 1,005 | $ | 341,906 | |||||||||||||||||
-1 | Includes loans held for sale | ||||||||||||||||||||||||||||
-2 | Before consideration of undisbursed Loans-in-process | ||||||||||||||||||||||||||||
The carrying amount of purchased loans consisting of credit-impaired purchased loans and non-impaired purchased loans is shown in the following table as of September 30, 2014: | |||||||||||||||||||||||||||||
Credit | |||||||||||||||||||||||||||||
Non-impaired | Impaired | ||||||||||||||||||||||||||||
Purchased Loans | Purchased Loans | ||||||||||||||||||||||||||||
(In thousands) | (In thousands) | ||||||||||||||||||||||||||||
One-to-four family residential | $ | 63,739 | $ | 4,072 | |||||||||||||||||||||||||
Multi-family residential | 3,383 | 360 | |||||||||||||||||||||||||||
Construction | - | - | |||||||||||||||||||||||||||
Commercial | 18,162 | 6,325 | |||||||||||||||||||||||||||
Consumer | 181 | 2 | |||||||||||||||||||||||||||
Total | $ | 85,465 | $ | 10,759 | |||||||||||||||||||||||||
Activity during 2014 for the accretable discount related to acquired credit impaired loans is as follows: | |||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Accretable discount at December 31, 2013: | $ | 1,305 | |||||||||||||||||||||||||||
Reclass from nonaccretable difference to accretable discount | 5,640 | ||||||||||||||||||||||||||||
Less transferred to other real estate owned | (96 | ) | |||||||||||||||||||||||||||
Less accretion | (514 | ) | |||||||||||||||||||||||||||
Accretable discount at September 30, 2014: | $ | 6,335 | |||||||||||||||||||||||||||
The following summarizes activity in the allowance for credit losses: | |||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||
One-to four- | |||||||||||||||||||||||||||||
Family | Multi-family | ||||||||||||||||||||||||||||
Residential | Residential | Construction | Commercial | Consumer | Total | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,352 | $ | 194 | $ | 9 | $ | 131 | $ | 11 | $ | 1,697 | |||||||||||||||||
Provision | 714 | 12 | (2 | ) | 86 | - | 810 | ||||||||||||||||||||||
Charge-offs | (319 | ) | - | - | (39 | ) | (2 | ) | (360 | ) | |||||||||||||||||||
Recoveries | 29 | - | - | 42 | - | 71 | |||||||||||||||||||||||
Ending balance | $ | 1,776 | $ | 206 | $ | 7 | $ | 220 | $ | 9 | $ | 2,218 | |||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 183 | $ | 1 | $ | - | $ | 9 | $ | - | $ | 193 | |||||||||||||||||
Purchased loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 282 | $ | - | $ | - | $ | - | $ | - | $ | 282 | |||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 856 | $ | 205 | $ | 7 | $ | 211 | $ | 9 | $ | 1,288 | |||||||||||||||||
Purchased loans: | |||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | $ | 455 | $ | - | $ | - | $ | - | $ | - | $ | 455 | |||||||||||||||||
Loans receivable: | |||||||||||||||||||||||||||||
Ending balance | $ | 230,091 | $ | 20,287 | $ | 9,076 | $ | 81,447 | $ | 1,005 | $ | 341,906 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment (1) | $ | 65,498 | $ | 3,477 | $ | - | $ | 18,315 | $ | 181 | $ | 87,471 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 160,521 | $ | 16,450 | $ | 9,076 | $ | 56,807 | $ | 822 | $ | 243,676 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | $ | 4,072 | $ | 360 | $ | - | $ | 6,325 | $ | 2 | $ | 10,759 | |||||||||||||||||
(1) Includes loans acquired from First Franklin with outstanding balances of $85,465 at September 30, 2014. | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
One-to four- | |||||||||||||||||||||||||||||
Family | Multi-family | ||||||||||||||||||||||||||||
Residential | Residential | Construction | Commercial | Consumer | Total | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,823 | $ | 172 | $ | 1 | $ | 153 | $ | 11 | $ | 2,160 | |||||||||||||||||
Provision | 1,426 | 22 | 8 | (14 | ) | 1 | 1,443 | ||||||||||||||||||||||
Charge-offs | (1,928 | ) | - | - | (8 | ) | (1 | ) | (1,937 | ) | |||||||||||||||||||
Recoveries | 31 | - | - | - | - | 31 | |||||||||||||||||||||||
Ending balance | $ | 1,352 | $ | 194 | $ | 9 | $ | 131 | $ | 11 | $ | 1,697 | |||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||
individually evaluated for impairment | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||
Purchased loans: | |||||||||||||||||||||||||||||
individually evaluated for impairment | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||
collectively evaluated for impairment | $ | 939 | $ | 194 | $ | 9 | $ | 131 | $ | 11 | $ | 1,284 | |||||||||||||||||
Purchased loans: | |||||||||||||||||||||||||||||
loans acquired with deteriorated credit quality | $ | 413 | $ | - | $ | - | $ | - | $ | - | $ | 413 | |||||||||||||||||
Loans receivable: | |||||||||||||||||||||||||||||
Ending balance | $ | 236,236 | $ | 22,805 | $ | 7,141 | $ | 72,755 | $ | 2,278 | $ | 341,215 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment (1) | $ | 77,380 | $ | 6,535 | $ | - | $ | 21,055 | $ | 1,508 | $ | 106,478 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 155,676 | $ | 15,214 | $ | 7,141 | $ | 45,109 | $ | 770 | $ | 223,910 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | $ | 3,180 | $ | 1,056 | $ | - | $ | 6,591 | $ | - | $ | 10,827 | |||||||||||||||||
(1) Includes loans acquired from First Franklin with outstanding balances of $103,497 at December 31, 2013. | |||||||||||||||||||||||||||||
The Corporation assigns credit risk grades to evaluated loans using grading standards employed by regulatory agencies. Loans judged to carry lower-risk attributes are assigned a “pass” grade, indicating a minimal likelihood of loss. Loans judged to carry a higher-risk attributes are referred to as “classified loans” and are further disaggregated, with increasing expectations for loss recognition, as “special mention”, “substandard”, “doubtful”, and “loss”. The Loan Classification of Assets committee assigns the credit risk grades to loans and reports to the board on a quarterly basis the “classified asset” report. | |||||||||||||||||||||||||||||
The following table summarizes the credit risk profile by internally assigned grade: | |||||||||||||||||||||||||||||
Originated Loans at September 30, 2014 | |||||||||||||||||||||||||||||
One-to four- | |||||||||||||||||||||||||||||
Family | Multi-family | ||||||||||||||||||||||||||||
Residential | Residential | Construction | Commercial | Consumer | Total | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||
Pass | $ | 160,169 | $ | 16,449 | $ | 9,076 | $ | 55,932 | $ | 822 | $ | 242,448 | |||||||||||||||||
Special mention | - | - | - | - | - | - | |||||||||||||||||||||||
Substandard | 2,111 | 95 | - | 1,028 | - | 3,234 | |||||||||||||||||||||||
Doubtful | - | - | - | - | - | - | |||||||||||||||||||||||
Loss | - | - | - | - | - | - | |||||||||||||||||||||||
Total | $ | 162,280 | $ | 16,544 | $ | 9,076 | $ | 56,960 | $ | 822 | $ | 245,682 | |||||||||||||||||
Originated Loans at December 31, 2013 | |||||||||||||||||||||||||||||
One-to four- | |||||||||||||||||||||||||||||
Family | Multi-family | ||||||||||||||||||||||||||||
Residential | Residential | Construction | Commercial | Consumer | Total | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||
Pass | $ | 155,364 | $ | 15,214 | $ | 7,141 | $ | 44,218 | $ | 770 | $ | 222,707 | |||||||||||||||||
Special mention | - | - | - | - | - | - | |||||||||||||||||||||||
Substandard | 2,519 | 95 | - | 1,570 | - | 4,184 | |||||||||||||||||||||||
Doubtful | - | - | - | - | - | - | |||||||||||||||||||||||
Loss | - | - | - | - | - | - | |||||||||||||||||||||||
Total | $ | 157,883 | $ | 15,309 | $ | 7,141 | $ | 45,788 | $ | 770 | $ | 226,891 | |||||||||||||||||
Purchased Loans at September 30, 2014 | |||||||||||||||||||||||||||||
One-to four- | |||||||||||||||||||||||||||||
Family | Multi-family | ||||||||||||||||||||||||||||
Residential | Residential | Construction | Commercial | Consumer | Total | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||
Pass | $ | 64,549 | $ | 3,743 | $ | - | $ | 20,540 | $ | 82 | $ | 88,914 | |||||||||||||||||
Special mention | - | - | - | - | - | - | |||||||||||||||||||||||
Substandard | 3,262 | - | - | 3,947 | 101 | 7,310 | |||||||||||||||||||||||
Doubtful | - | - | - | - | - | - | |||||||||||||||||||||||
Loss | - | - | - | - | - | - | |||||||||||||||||||||||
Total | $ | 67,811 | $ | 3,743 | $ | - | $ | 24,487 | $ | 183 | $ | 96,224 | |||||||||||||||||
Purchased Loans at December 31, 2013 | |||||||||||||||||||||||||||||
One-to four- | |||||||||||||||||||||||||||||
Family | Multi-family | ||||||||||||||||||||||||||||
Residential | Residential | Construction | Commercial | Consumer | Total | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||
Pass | $ | 74,410 | $ | 7,496 | $ | - | $ | 25,076 | $ | 1,490 | $ | 108,472 | |||||||||||||||||
Special mention | - | - | - | - | - | - | |||||||||||||||||||||||
Substandard | 3,943 | - | - | 1,891 | 18 | 5,852 | |||||||||||||||||||||||
Doubtful | - | - | - | - | - | - | |||||||||||||||||||||||
Loss | - | - | - | - | - | - | |||||||||||||||||||||||
Total | $ | 78,353 | $ | 7,496 | $ | - | $ | 26,967 | $ | 1,508 | $ | 114,324 | |||||||||||||||||
The following tables summarize loans by delinquency, nonaccrual status and impaired loans: | |||||||||||||||||||||||||||||
Age Analysis of Past Due Originated Loans Receivable | |||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||
Investment | |||||||||||||||||||||||||||||
>30-89 Days | Over | Total Past | Current & | Total | 90 Days and | ||||||||||||||||||||||||
Past Due | 90 Days | Due | Accruing | Nonaccrual | Loans | Accruing | |||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | 330 | $ | 1,487 | $ | 1,817 | $ | 160,072 | $ | 1,878 | $ | 162,280 | $ | - | |||||||||||||||
Multi-family | |||||||||||||||||||||||||||||
Residential | - | 95 | 95 | 16,449 | 95 | 16,544 | - | ||||||||||||||||||||||
Construction | - | - | - | 9,076 | - | 9,076 | - | ||||||||||||||||||||||
Commercial | - | 162 | 162 | 56,798 | 162 | 56,960 | - | ||||||||||||||||||||||
Consumer | 5 | - | 5 | 817 | - | 822 | - | ||||||||||||||||||||||
Total | $ | 335 | $ | 1,744 | $ | 2,079 | $ | 243,212 | $ | 2,135 | $ | 245,682 | $ | - | |||||||||||||||
Age Analysis of Past Due Originated Loans Receivable | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||
Investment | |||||||||||||||||||||||||||||
>30-89 Days | Over | Total Past | Current & | Total Loan | 90 Days and | ||||||||||||||||||||||||
Past Due | 90 Days | Due | Accruing | Nonaccrual | Receivables | Accruing | |||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | 1,915 | $ | 2,207 | $ | 4,122 | $ | 153,761 | $ | 2,207 | $ | 157,883 | $ | - | |||||||||||||||
Multi-family | - | 95 | 95 | 15,214 | 95 | 15,309 | - | ||||||||||||||||||||||
Construction | - | - | - | 7,141 | - | 7,141 | - | ||||||||||||||||||||||
Commercial | - | 679 | 679 | 45,109 | 679 | 45,788 | - | ||||||||||||||||||||||
Consumer | - | - | - | 770 | - | 770 | - | ||||||||||||||||||||||
Total | $ | 1,915 | $ | 2,981 | $ | 4,896 | $ | 221,995 | $ | 2,981 | $ | 226,891 | $ | - | |||||||||||||||
Age Analysis of Past Due Purchased Loans Receivable | |||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||
Investment | |||||||||||||||||||||||||||||
>30-89 Days | Over | Total Past | Current & | Total | 90 Days and | ||||||||||||||||||||||||
Past Due | 90 Days | Due | Accruing | Nonaccrual | Loans | Accruing | |||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | 412 | $ | 2,736 | $ | 3,148 | $ | 64,471 | $ | 2,928 | $ | 67,811 | $ | - | |||||||||||||||
Multi-family | - | - | - | 3,743 | - | 3,743 | - | ||||||||||||||||||||||
Construction | - | - | - | - | - | - | - | ||||||||||||||||||||||
Commercial | - | 616 | 616 | 23,935 | 552 | 24,487 | - | ||||||||||||||||||||||
Consumer | - | 1 | 1 | 82 | 101 | 183 | - | ||||||||||||||||||||||
Total | $ | 412 | $ | 3,353 | $ | 3,765 | $ | 92,231 | $ | 3,581 | $ | 96,224 | $ | - | |||||||||||||||
Age Analysis of Past Due Purchased Loans Receivable | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||
Investment | |||||||||||||||||||||||||||||
>30-89 Days | Over | Total Past | Current & | Total Loan | 90 Days and | ||||||||||||||||||||||||
Past Due | 90 Days | Due | Accruing | Nonaccrual | Receivables | Accruing | |||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | 2,221 | $ | 3,287 | $ | 5,508 | $ | 72,845 | $ | 3,287 | $ | 78,353 | $ | - | |||||||||||||||
Multi-family | 56 | - | 56 | 7,440 | - | 7,496 | - | ||||||||||||||||||||||
Construction | - | - | - | - | - | - | - | ||||||||||||||||||||||
Commercial | 336 | 676 | 1,012 | 25,955 | 676 | 26,967 | - | ||||||||||||||||||||||
Consumer | 10 | 18 | 28 | 1,480 | 18 | 1,508 | - | ||||||||||||||||||||||
Total | $ | 2,623 | $ | 3,981 | $ | 6,604 | $ | 107,720 | $ | 3,981 | $ | 114,324 | $ | - | |||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||
Unpaid | Average | Interest | |||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Income | |||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Recognized | |||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Purchased loans | |||||||||||||||||||||||||||||
with a fair value discount and no related allowance recorded: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | 4,037 | $ | 4,037 | $ | - | $ | 3,609 | $ | 172 | |||||||||||||||||||
Multi-family | 360 | 360 | - | 708 | 18 | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | 6,325 | 6,325 | - | 6,458 | 324 | ||||||||||||||||||||||||
Consumer | 2 | 2 | - | 1 | - | ||||||||||||||||||||||||
Total | $ | 10,724 | $ | 10,724 | $ | - | $ | 10,776 | $ | 514 | |||||||||||||||||||
Purchased loans | |||||||||||||||||||||||||||||
with a fair value discount and an allowance recorded: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | 21 | $ | 35 | $ | 14 | $ | 10 | $ | - | |||||||||||||||||||
Multi-family | - | - | - | - | - | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | - | - | - | - | - | ||||||||||||||||||||||||
Consumer | - | - | - | - | - | ||||||||||||||||||||||||
Total | $ | 21 | $ | 35 | $ | 14 | $ | 10 | $ | - | |||||||||||||||||||
Purchased loans | |||||||||||||||||||||||||||||
with no fair value discount and no related allowance recorded: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | $ | 978 | $ | 978 | $ | - | $ | 1,812 | $ | 37 | |||||||||||||||||||
Residential | |||||||||||||||||||||||||||||
Multi-family | - | - | - | - | - | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | 552 | 552 | - | 276 | 8 | ||||||||||||||||||||||||
Consumer | 100 | 100 | - | 58 | 2 | ||||||||||||||||||||||||
Total | $ | 1,630 | $ | 1,630 | $ | - | $ | 2,146 | $ | 47 | |||||||||||||||||||
Purchased loans with an allowance recorded: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | $ | 1,199 | $ | 1,467 | $ | 268 | $ | 600 | $ | 14 | |||||||||||||||||||
Residential | |||||||||||||||||||||||||||||
Multi-family | - | - | - | - | - | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | - | - | - | - | - | ||||||||||||||||||||||||
Consumer | - | - | - | - | - | ||||||||||||||||||||||||
Total | $ | 1,199 | $ | 1,467 | $ | 268 | $ | 600 | $ | 14 | |||||||||||||||||||
Unpaid | Average | Interest | |||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Income | |||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Recognized | |||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Originated loans with no related allowance recorded | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | $ | 1,513 | $ | 1,513 | $ | - | $ | 1,860 | $ | 22 | |||||||||||||||||||
Residential | |||||||||||||||||||||||||||||
Multi-family | - | - | - | 48 | - | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | 115 | 115 | - | 397 | 7 | ||||||||||||||||||||||||
Consumer | - | - | - | - | - | ||||||||||||||||||||||||
Total | $ | 1,628 | $ | 1,628 | $ | - | $ | 2,305 | $ | 29 | |||||||||||||||||||
Originated loans with an allowance recorded: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | $ | 246 | $ | 430 | $ | 184 | $ | 123 | $ | 4 | |||||||||||||||||||
Residential | |||||||||||||||||||||||||||||
Multi-family | 94 | 95 | 1 | 47 | - | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | 38 | 46 | 8 | 19 | - | ||||||||||||||||||||||||
Consumer | - | - | - | - | - | ||||||||||||||||||||||||
Total | $ | 378 | $ | 571 | $ | 193 | $ | 189 | $ | 4 | |||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | $ | 7,994 | $ | 8,460 | $ | 466 | $ | 8,014 | $ | 249 | |||||||||||||||||||
Residential | |||||||||||||||||||||||||||||
Multi-family | 454 | 455 | 1 | 803 | 18 | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | 7,030 | 7,038 | 8 | 7,150 | 339 | ||||||||||||||||||||||||
Consumer | 102 | 102 | - | 59 | 2 | ||||||||||||||||||||||||
Total | $ | 15,580 | $ | 16,055 | $ | 475 | $ | 16,026 | $ | 608 | |||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
Unpaid | Average | Interest | |||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Income | |||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Recognized | |||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Purchased loans | |||||||||||||||||||||||||||||
with a fair value discount and no related allowance recorded: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | 3,180 | $ | 3,180 | $ | - | $ | 3,556 | $ | 192 | |||||||||||||||||||
Multi-family | 1,056 | 1,056 | - | 1,059 | 22 | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | 6,591 | 6,591 | - | 7,556 | 436 | ||||||||||||||||||||||||
Consumer | - | - | - | 41 | - | ||||||||||||||||||||||||
Total | $ | 10,827 | $ | 10,827 | $ | - | $ | 12,212 | $ | 650 | |||||||||||||||||||
Purchased loans | |||||||||||||||||||||||||||||
with a fair value discount and an allowance recorded: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | - | $ | - | $ | - | $ | 7 | $ | - | |||||||||||||||||||
Multi-family | - | - | - | - | - | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | - | - | - | - | - | ||||||||||||||||||||||||
Consumer | - | - | - | - | - | ||||||||||||||||||||||||
Total | $ | - | $ | - | $ | - | $ | 7 | $ | - | |||||||||||||||||||
Purchased loans | |||||||||||||||||||||||||||||
with no fair value discount and no related allowance recorded: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | $ | 2,646 | $ | 2,646 | $ | - | $ | 2,185 | $ | 107 | |||||||||||||||||||
Residential | |||||||||||||||||||||||||||||
Multi-family | - | - | - | - | - | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | - | - | - | - | - | ||||||||||||||||||||||||
Consumer | 16 | 16 | - | 28 | 1 | ||||||||||||||||||||||||
Total | $ | 2,662 | $ | 2,662 | $ | - | $ | 2,213 | $ | 108 | |||||||||||||||||||
Purchased loans with an allowance recorded: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | $ | - | $ | - | $ | - | $ | 74 | $ | - | |||||||||||||||||||
Residential | |||||||||||||||||||||||||||||
Multi-family | - | - | - | - | - | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | - | - | - | - | - | ||||||||||||||||||||||||
Consumer | - | - | - | - | - | ||||||||||||||||||||||||
Total | $ | - | $ | - | $ | - | $ | 74 | $ | - | |||||||||||||||||||
Unpaid | Average | Interest | |||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Income | |||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Recognized | |||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Originated loans with no related allowance recorded | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | 2,207 | $ | 2,207 | $ | - | $ | 2,847 | $ | 32 | |||||||||||||||||||
Multi-family | 95 | 95 | - | 95 | - | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | 679 | 679 | - | 537 | 35 | ||||||||||||||||||||||||
Consumer | - | - | - | - | - | ||||||||||||||||||||||||
Total | $ | 2,981 | $ | 2,981 | $ | - | $ | 3,479 | $ | 67 | |||||||||||||||||||
Originated loans with an allowance recorded: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | - | $ | - | $ | - | $ | 473 | $ | - | |||||||||||||||||||
Multi-family | - | - | - | - | - | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | - | - | - | 81 | - | ||||||||||||||||||||||||
Consumer | - | - | - | - | - | ||||||||||||||||||||||||
Total | $ | - | $ | - | $ | - | $ | 554 | $ | - | |||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | 8,033 | $ | 8,033 | $ | - | $ | 9,142 | $ | 331 | |||||||||||||||||||
Multi-family | 1,151 | 1,151 | - | 1,154 | 22 | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | 7,270 | 7,270 | - | 8,174 | 471 | ||||||||||||||||||||||||
Consumer | 16 | 16 | - | 69 | 1 | ||||||||||||||||||||||||
Total | $ | 16,470 | $ | 16,470 | $ | - | $ | 18,539 | $ | 825 | |||||||||||||||||||
Modifications | |||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | ||||||||||||||||||||||||||||
Outstanding | Outstanding | ||||||||||||||||||||||||||||
Number of | Recorded | Recorded | |||||||||||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 Family Residential | 5 | $ | 2,320 | $ | 2,320 | ||||||||||||||||||||||||
Multi-family Residential | - | - | - | ||||||||||||||||||||||||||
Construction | - | - | - | ||||||||||||||||||||||||||
Commercial | 1 | 100 | 100 | ||||||||||||||||||||||||||
Consumer | - | - | - | ||||||||||||||||||||||||||
Modifications | |||||||||||||||||||||||||||||
For the nine months ended September 30, 2014 | |||||||||||||||||||||||||||||
Number of | Recorded | ||||||||||||||||||||||||||||
Contracts | Investment | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||
That Subsequently Defaulted | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 Family Residential | 5 | $ | 724 | ||||||||||||||||||||||||||
Multi-family Residential | - | - | |||||||||||||||||||||||||||
Construction | - | - | |||||||||||||||||||||||||||
Commercial | 1 | 99 | |||||||||||||||||||||||||||
Consumer | - | - | |||||||||||||||||||||||||||
Modifications | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | ||||||||||||||||||||||||||||
Outstanding | Outstanding | ||||||||||||||||||||||||||||
Number of | Recorded | Recorded | |||||||||||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||||||||||
Troubled Debt Restructurings | (Dollars in thousands) | ||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 Family Residential | 4 | $ | 316 | $ | 312 | ||||||||||||||||||||||||
Multi-family Residential | - | - | - | ||||||||||||||||||||||||||
Construction | - | - | - | ||||||||||||||||||||||||||
Commercial | 4 | 1,863 | 1,849 | ||||||||||||||||||||||||||
Consumer | - | - | - | ||||||||||||||||||||||||||
Modifications | |||||||||||||||||||||||||||||
for the year ended December 31, 2013 | |||||||||||||||||||||||||||||
Number of | Recorded | ||||||||||||||||||||||||||||
Contracts | Investment | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||
That Subsequently Defaulted | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 Family Residential | - | $ | - | ||||||||||||||||||||||||||
Multi-family Residential | - | - | |||||||||||||||||||||||||||
Construction | - | - | |||||||||||||||||||||||||||
Commercial | 1 | 754 | |||||||||||||||||||||||||||
Consumer | - | - | |||||||||||||||||||||||||||
The modifications related to interest only payments ranging from a three to six month period. Due to the short term cash flow deficiency, no related allowance was recorded as a result of the restructurings. The collateral value was updated with recent appraisals which gave no indication of impairment. |
Liquidity_and_Capital_Resource1
Liquidity and Capital Resources (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Liquidity and Capital Resources [Abstract] | ' | ||||||||||||||||||||
Schedule of contractual obligation and commitment rolling year maturity | ' | ||||||||||||||||||||
Payments due by period | |||||||||||||||||||||
Less | More than | More than | More | ||||||||||||||||||
than | 1-3 | 3-5 | than | ||||||||||||||||||
1 year | years | years | 5 years | Total | |||||||||||||||||
(In thousands) | |||||||||||||||||||||
Contractual obligations: | |||||||||||||||||||||
Advances from the Federal Home Loan Bank | $ | 632 | $ | 11,051 | $ | 1,451 | $ | 2,310 | $ | 15,444 | |||||||||||
Certificates of deposit | 126,189 | 62,524 | 26,442 | 135 | 215,290 | ||||||||||||||||
Lease obligations | 123 | 198 | 122 | 159 | 602 | ||||||||||||||||
Purchase of leased facility | 575 | - | - | - | 575 | ||||||||||||||||
Amount of loan commitments and expiration per period: | |||||||||||||||||||||
Commitments to originate one- to four-family loans | 1,354 | - | - | - | 1,354 | ||||||||||||||||
Home equity lines of credit | 26,529 | - | - | - | 26,529 | ||||||||||||||||
Commercial lines of credit | 1,153 | - | - | - | 1,153 | ||||||||||||||||
Undisbursed loans in process | 5,289 | - | - | - | 5,289 | ||||||||||||||||
Total contractual obligations | $ | 161,844 | $ | 73,773 | $ | 28,015 | $ | 2,604 | $ | 266,236 | |||||||||||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Schedule of weighted average number of shares | ' | ||||||||||||||||
For the nine months ended | For the three months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Weighted-average common shares outstanding (basic) | 6,599,772 | 6,942,409 | 6,539,499 | 6,628,648 | |||||||||||||
Dilutive effect of assumed exercise of stock options | 65,168 | 6,798 | 62,530 | 6,819 | |||||||||||||
Weighted-average common shares outstanding (diluted) | 6,664,940 | 6,949,207 | 6,602,029 | 6,635,467 |
Stock_Option_Plan_Tables
Stock Option Plan (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract] | ' | ||||||||||||||||
Schedule of corporation's stock option plan activity | ' | ||||||||||||||||
Nine months ended | Year ended | ||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||
Weighted- | Weighted- | ||||||||||||||||
average | average | ||||||||||||||||
exercise | exercise | ||||||||||||||||
Shares | price | Shares | price | ||||||||||||||
Outstanding at beginning of period | 369,939 | $ | 12.8 | 370,339 | $ | 12.8 | |||||||||||
Granted | 400,000 | 12.48 | - | - | |||||||||||||
Exercised | - | - | - | - | |||||||||||||
Forfeited | - | - | (400 | ) | 8.3 | ||||||||||||
Outstanding at end of period | 769,939 | $ | 12.63 | 369,939 | $ | 12.8 | |||||||||||
Options exercisable at period-end | 363,791 | $ | 12.74 | 359,177 | $ | 12.91 | |||||||||||
Options expected to be exercisable at year-end | 363,791 | 359,177 | |||||||||||||||
Fair value of options granted | 1.56 | NA | |||||||||||||||
Schedule of options outstanding | ' | ||||||||||||||||
Number outstanding | 769,939 | ||||||||||||||||
Exercise price | $8.30 - $15.90 | ||||||||||||||||
Weighted-average exercise price | $12.63 | ||||||||||||||||
Weighted-average remaining contractual life | 5.6 years |
Investment_and_Mortgagebacked_1
Investment and Mortgage-backed Securities (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||||||
Schedule of amortized cost, gross unrealized gains, gross unrealized losses and estimated fair values of investment securities | ' | ||||||||||||||||||||||||||||||||||||
September 30, 2014 | |||||||||||||||||||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||||||||||||||||||
Amortized | unrealized | unrealized | fair | ||||||||||||||||||||||||||||||||||
cost | gains | losses | value | ||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Available for Sale: | |||||||||||||||||||||||||||||||||||||
U.S. Government agency securities | $ | 145,077 | $ | 13 | $ | 3,988 | $ | 141,102 | |||||||||||||||||||||||||||||
Municipal obligations | 3,033 | 154 | - | 3,187 | |||||||||||||||||||||||||||||||||
$ | 148,110 | $ | 167 | $ | 3,988 | $ | 144,289 | ||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||||||||||||||||||
Amortized | unrealized | unrealized | fair | ||||||||||||||||||||||||||||||||||
cost | gains | losses | value | ||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Available for Sale: | |||||||||||||||||||||||||||||||||||||
U.S. Government agency securities | $ | 160,063 | $ | - | $ | 11,714 | $ | 148,349 | |||||||||||||||||||||||||||||
Municipal obligations | 3,035 | 83 | 103 | 3,015 | |||||||||||||||||||||||||||||||||
Corporate securities | 1,920 | 658 | - | 2,578 | |||||||||||||||||||||||||||||||||
$ | 165,018 | $ | 741 | $ | 11,817 | $ | 153,942 | ||||||||||||||||||||||||||||||
Schedule of amortized cost of investment securities by contractual term to maturity | ' | ||||||||||||||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||||||||||||||
2014 | |||||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Less than one year | $ | 12,991 | |||||||||||||||||||||||||||||||||||
One to five years | 42,941 | ||||||||||||||||||||||||||||||||||||
Five to ten years | 72,205 | ||||||||||||||||||||||||||||||||||||
More than ten years | 19,973 | ||||||||||||||||||||||||||||||||||||
$ | 148,110 | ||||||||||||||||||||||||||||||||||||
Schedule of amortized cost, gross unrealized gains, gross unrealized losses and estimated fair values of mortgage-backed securities | ' | ||||||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||||||||||||||||||
Amortized | unrealized | unrealized | fair | ||||||||||||||||||||||||||||||||||
cost | holding gains | holding losses | value | ||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Available for sale: | |||||||||||||||||||||||||||||||||||||
Federal Home Loan Mortgage Corporation adjustable-rate participation certificates | $ | 10,259 | $ | 26 | $ | 39 | $ | 10,246 | |||||||||||||||||||||||||||||
Federal National Mortgage Association adjustable-rate participation certificates | 5,254 | 46 | 2 | 5,298 | |||||||||||||||||||||||||||||||||
Government National Mortgage Association adjustable-rate participation certificates | 2,288 | 70 | - | 2,358 | |||||||||||||||||||||||||||||||||
$ | 17,801 | $ | 142 | $ | 41 | $ | 17,902 | ||||||||||||||||||||||||||||||
Held to maturity: | |||||||||||||||||||||||||||||||||||||
Federal Home Loan Mortgage Corporation adjustable-rate participation certificates | $ | 212 | $ | 6 | $ | - | $ | 218 | |||||||||||||||||||||||||||||
Federal National Mortgage Association adjustable-rate participation certificates | 157 | 2 | - | 159 | |||||||||||||||||||||||||||||||||
Government National Mortgage Association adjustable-rate participation certificates | 2,400 | 95 | - | 2,495 | |||||||||||||||||||||||||||||||||
$ | 2,769 | $ | 103 | $ | - | $ | 2,872 | ||||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||||||||||||||||||
Amortized | unrealized | unrealized | fair | ||||||||||||||||||||||||||||||||||
cost | holding gains | holding losses | value | ||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Available for sale: | |||||||||||||||||||||||||||||||||||||
Federal Home Loan Mortgage Corporation adjustable-rate participation certificates | $ | 677 | $ | 34 | $ | 1 | $ | 710 | |||||||||||||||||||||||||||||
Federal National Mortgage Association adjustable-rate participation certificates | 5,940 | 40 | 36 | 5,944 | |||||||||||||||||||||||||||||||||
Government National Mortgage Association adjustable-rate participation certificates | 2,622 | 85 | - | 2,707 | |||||||||||||||||||||||||||||||||
$ | 9,239 | $ | 159 | $ | 37 | $ | 9,361 | ||||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||||||||||||||||||
Amortized | unrealized | unrealized | fair | ||||||||||||||||||||||||||||||||||
cost | holding gains | holding losses | value | ||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Held to maturity: | |||||||||||||||||||||||||||||||||||||
Federal Home Loan Mortgage Corporation adjustable-rate participation certificates | $ | 253 | $ | 8 | $ | - | $ | 261 | |||||||||||||||||||||||||||||
Federal National Mortgage Association adjustable-rate participation certificates | 212 | 6 | - | 218 | |||||||||||||||||||||||||||||||||
Government National Mortgage Association adjustable-rate participation certificates | 2,651 | 100 | - | 2,751 | |||||||||||||||||||||||||||||||||
$ | 3,116 | $ | 114 | $ | - | $ | 3,230 | ||||||||||||||||||||||||||||||
Schedule of amortized cost of mortgage-backed securities, including those designated as available for sale, by contractual terms to maturity | ' | ||||||||||||||||||||||||||||||||||||
September 30, | |||||||||||||||||||||||||||||||||||||
2014 | |||||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Due in one year or less | $ | 823 | |||||||||||||||||||||||||||||||||||
Due in one year through five years | 3,467 | ||||||||||||||||||||||||||||||||||||
Due in five years through ten years | 4,756 | ||||||||||||||||||||||||||||||||||||
Due in more than ten years | 11,524 | ||||||||||||||||||||||||||||||||||||
$ | 20,570 | ||||||||||||||||||||||||||||||||||||
Schedule of unrealized loss position | ' | ||||||||||||||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||||||||||||||||||||
Description of | Number of | Fair | Unrealized | Number of | Fair | Unrealized | Number of | Fair | Unrealized | ||||||||||||||||||||||||||||
securities | investments | value | losses | investments | value | losses | investments | value | losses | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||||||||||
U.S. Government agency securities | 1 | $ | 4,987 | $ | 13 | 24 | $ | 126,123 | $ | 3,975 | 25 | $ | 131,110 | $ | 3,988 | ||||||||||||||||||||||
Municipal obligations | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||
Mortgage-backed securities | 15 | 9,795 | 39 | 12 | 110 | 2 | 27 | 9,905 | 41 | ||||||||||||||||||||||||||||
Total temporarily impaired securities | 16 | $ | 14,782 | $ | 52 | 36 | $ | 126,233 | $ | 3,977 | 52 | $ | 141,015 | $ | 4,029 |
Income_Taxes_Tables
Income Taxes (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Schedule of federal income tax on earnings and computation of statutory corporate tax rate | ' | ||||||||
2014 | 2013 | ||||||||
(Dollars in thousands) | |||||||||
Federal income taxes at statutory rate of 34% | $ | 1,089 | $ | 479 | |||||
Increase (decrease) in taxes resulting primarily from: | |||||||||
Stock compensation | 17 | 8 | |||||||
Nontaxable interest income | (29 | ) | (29 | ) | |||||
Cash surrender value of life insurance | (119 | ) | (123 | ) | |||||
Other | 1 | (4 | ) | ||||||
Federal income taxes per financial statements | $ | 959 | $ | 331 | |||||
Effective tax rate | 30 | % | 23.5 | % |
Recovered_Sheet1
Disclosures About Fair Value of Assets and Liabilities (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Schedule of fair value of assets and liabilities | ' | ||||||||||||||||
September 30, 2014 | 31-Dec-13 | ||||||||||||||||
Carrying | Fair | Carrying | Fair | ||||||||||||||
value | value | value | value | ||||||||||||||
(In thousands) | |||||||||||||||||
Financial assets | |||||||||||||||||
Cash and cash equivalents | $ | 16,298 | $ | 16,298 | $ | 22,112 | $ | 22,112 | |||||||||
Investment securities | 144,289 | 144,289 | 153,942 | 153,942 | |||||||||||||
Mortgage-backed securities | 20,671 | 20,774 | 12,477 | 12,591 | |||||||||||||
Loans receivable – net and loans held for sale | 335,199 | 355,689 | 336,837 | 362,066 | |||||||||||||
Accrued interest receivable | 1,732 | 1,732 | 1,971 | 1,971 | |||||||||||||
Federal Home Loan Bank stock | 8,651 | 8,651 | 8,651 | 8,651 | |||||||||||||
$ | 526,840 | $ | 547,433 | $ | 535,990 | $ | 561,333 | ||||||||||
Financial liabilities | |||||||||||||||||
Deposits | $ | 455,805 | $ | 455,206 | $ | 469,387 | $ | 468,417 | |||||||||
Advances from the Federal Home Loan Bank | 15,444 | 15,609 | 19,261 | 20,207 | |||||||||||||
Accrued interest payable | 60 | 60 | 71 | 71 | |||||||||||||
Advances by borrowers for taxes and insurance | 1,703 | 1,703 | 2,357 | 2,357 | |||||||||||||
$ | 473,012 | $ | 472,578 | $ | 491,076 | $ | 491,052 | ||||||||||
Schedule of estimated fair values of the corporation's financial instruments | ' | ||||||||||||||||
Quoted prices | |||||||||||||||||
in active | Significant | Significant | |||||||||||||||
markets for | other | other | |||||||||||||||
identical | observable | unobservable | |||||||||||||||
assets | inputs | inputs | |||||||||||||||
Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
(In thousands) | |||||||||||||||||
Securities available for sale at September 30, 2014: | |||||||||||||||||
U.S. Government agency securities | $ | 141,102 | - | $ | 141,102 | - | |||||||||||
Municipal obligations | 3,187 | - | 3,187 | - | |||||||||||||
Mortgage-backed securities | 17,902 | - | 17,902 | - | |||||||||||||
Securities available for sale at December 31, 2013: | |||||||||||||||||
U.S. Government agency securities | $ | 148,349 | - | $ | 148,349 | - | |||||||||||
Municipal obligations | 3,015 | - | 3,015 | - | |||||||||||||
Corporate Securities | 2,578 | - | 2,578 | - | |||||||||||||
Mortgage-backed securities | 9,361 | - | 9,361 | - | |||||||||||||
Schedule of financial instrument measured on recurring and non recurring basis | ' | ||||||||||||||||
Total | Quoted prices | Significant | Significant | ||||||||||||||
in active | other | other | |||||||||||||||
markets for | observable | unobservable | |||||||||||||||
identical assets | inputs | inputs | |||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
(In thousands) | |||||||||||||||||
September 30, 2014: | |||||||||||||||||
Financial assets: | |||||||||||||||||
Cash and cash equivalents | $ | 16,298 | $ | 16,298 | $ | - | $ | - | |||||||||
Mortgage-backed securities | 2,872 | - | 2,872 | - | |||||||||||||
Loans receivable - net | 355,689 | - | 355,689 | - | |||||||||||||
Federal Home Loan Bank stock | 8,651 | - | 8,651 | - | |||||||||||||
Accrued interest receivable | 1,732 | - | 1,732 | - | |||||||||||||
Financial liabilities: | |||||||||||||||||
Deposits | 455,206 | - | 455,206 | - | |||||||||||||
Advances from the Federal Home Loan Bank | 15,609 | - | 15,609 | - | |||||||||||||
Advances by borrowers for taxes and insurance | 1,703 | - | 1,703 | - | |||||||||||||
Accrued interest payable | 60 | - | 60 | - | |||||||||||||
December 31, 2013: | |||||||||||||||||
Financial assets: | |||||||||||||||||
Cash and cash equivalents | $ | 22,112 | $ | 22,112 | $ | - | $ | - | |||||||||
Mortgage-backed securities | 3,230 | - | 3,230 | - | |||||||||||||
Loans receivable - net | 362,066 | - | 362,066 | - | |||||||||||||
Federal Home Loan Bank stock | 8,651 | - | 8,651 | - | |||||||||||||
Accrued interest receivable | 1,971 | - | 1,971 | - | |||||||||||||
Financial liabilities: | |||||||||||||||||
Deposits | 468,417 | - | 468,417 | - | |||||||||||||
Advances from the Federal Home Loan Bank | 20,207 | - | 20,207 | - | |||||||||||||
Advances by borrowers for taxes and insurance | 2,357 | - | 2,357 | - | |||||||||||||
Accrued interest payable | 71 | - | 71 | - | |||||||||||||
Intangible_Assets_Tables
Intangible Assets (Tables) | 9 Months Ended | ||||
Sep. 30, 2014 | |||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||
Schedule of future amortization expense | ' | ||||
As of September 30, 2014, the current year and estimated future amortization expense for the core deposit intangible was: | |||||
(In thousands) | |||||
2014 | $ | 34 | |||
2015 | 116 | ||||
2016 | 110 | ||||
2017 | 110 | ||||
2018 | 55 | ||||
Total | $ | 425 |
Financing_Receivables_Tables
Financing Receivables (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule of financing receivable recorded investment | ' | ||||||||||||||||||||||||||||
The recorded investment in loans was as follows as of September 30, 2014: | |||||||||||||||||||||||||||||
One-to four- | |||||||||||||||||||||||||||||
Family | Multi-family | ||||||||||||||||||||||||||||
Residential | Residential | Construction | Commercial | Consumer | Total | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Purchased loans | $ | 69,010 | $ | 3,840 | $ | - | $ | 24,990 | $ | 198 | $ | 98,038 | |||||||||||||||||
Fair value discount - Credit impaired | |||||||||||||||||||||||||||||
purchased loans | (980 | ) | (5 | ) | - | (374 | ) | - | (1,359 | ) | |||||||||||||||||||
Fair value discount – Non-impaired | |||||||||||||||||||||||||||||
purchased loans | (219 | ) | (92 | ) | - | (129 | ) | (15 | ) | (455 | ) | ||||||||||||||||||
Purchased loans | |||||||||||||||||||||||||||||
book value | 67,811 | 3,743 | - | 24,487 | 183 | 96,224 | |||||||||||||||||||||||
Originated loans (1) | 162,280 | 16,544 | 9,076 | -2 | 56,960 | 822 | 245,682 | ||||||||||||||||||||||
Ending balance | $ | 230,091 | $ | 20,287 | $ | 9,076 | $ | 81,447 | $ | 1,005 | $ | 341,906 | |||||||||||||||||
-1 | Includes loans held for sale | ||||||||||||||||||||||||||||
-2 | Before consideration of undisbursed Loans-in-process | ||||||||||||||||||||||||||||
Schedule of credit-impaired purchased loans and non-impaired purchased loans | ' | ||||||||||||||||||||||||||||
The carrying amount of purchased loans consisting of credit-impaired purchased loans and non-impaired purchased loans is shown in the following table as of September 30, 2014. | |||||||||||||||||||||||||||||
Credit | |||||||||||||||||||||||||||||
Non-impaired | Impaired | ||||||||||||||||||||||||||||
Purchased Loans | Purchased Loans | ||||||||||||||||||||||||||||
(In thousands) | (In thousands) | ||||||||||||||||||||||||||||
One-to-four family residential | $ | 63,739 | $ | 4,072 | |||||||||||||||||||||||||
Multi-family residential | 3,383 | 360 | |||||||||||||||||||||||||||
Construction | - | - | |||||||||||||||||||||||||||
Commercial | 18,162 | 6,325 | |||||||||||||||||||||||||||
Consumer | 181 | 2 | |||||||||||||||||||||||||||
Total | $ | 85,465 | $ | 10,759 | |||||||||||||||||||||||||
Schedule of accretable discount related to acquired credit impaired loans | ' | ||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Accretable discount at December 31, 2013: | $ | 1,305 | |||||||||||||||||||||||||||
Reclass from nonaccretable difference to accretable discount | 5,640 | ||||||||||||||||||||||||||||
Less transferred to other real estate owned | (96 | ) | |||||||||||||||||||||||||||
Less accretion | (514 | ) | |||||||||||||||||||||||||||
Accretable discount at September 30, 2014: | $ | 6,335 | |||||||||||||||||||||||||||
Schedule of allowance for credit losses activity | ' | ||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||
One-to four- | |||||||||||||||||||||||||||||
Family | Multi-family | ||||||||||||||||||||||||||||
Residential | Residential | Construction | Commercial | Consumer | Total | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,352 | $ | 194 | $ | 9 | $ | 131 | $ | 11 | $ | 1,697 | |||||||||||||||||
Provision | 714 | 12 | (2 | ) | 86 | - | 810 | ||||||||||||||||||||||
Charge-offs | (319 | ) | - | - | (39 | ) | (2 | ) | (360 | ) | |||||||||||||||||||
Recoveries | 29 | - | - | 42 | - | 71 | |||||||||||||||||||||||
Ending balance | $ | 1,776 | $ | 206 | $ | 7 | $ | 220 | $ | 9 | $ | 2,218 | |||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 183 | $ | 1 | $ | - | $ | 9 | $ | - | $ | 193 | |||||||||||||||||
Purchased loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 282 | $ | - | $ | - | $ | - | $ | - | $ | 282 | |||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 856 | $ | 205 | $ | 7 | $ | 211 | $ | 9 | $ | 1,288 | |||||||||||||||||
Purchased loans: | |||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | $ | 455 | $ | - | $ | - | $ | - | $ | - | $ | 455 | |||||||||||||||||
Loans receivable: | |||||||||||||||||||||||||||||
Ending balance | $ | 230,091 | $ | 20,287 | $ | 9,076 | $ | 81,447 | $ | 1,005 | $ | 341,906 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment (1) | $ | 65,498 | $ | 3,477 | $ | - | $ | 18,315 | $ | 181 | $ | 87,471 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 160,521 | $ | 16,450 | $ | 9,076 | $ | 56,807 | $ | 822 | $ | 243,676 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | $ | 4,072 | $ | 360 | $ | - | $ | 6,325 | $ | 2 | $ | 10,759 | |||||||||||||||||
(1) Includes loans acquired from First Franklin with outstanding balances of $85,465 at September 30, 2014. | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
One-to four- | |||||||||||||||||||||||||||||
Family | Multi-family | ||||||||||||||||||||||||||||
Residential | Residential | Construction | Commercial | Consumer | Total | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,823 | $ | 172 | $ | 1 | $ | 153 | $ | 11 | $ | 2,160 | |||||||||||||||||
Provision | 1,426 | 22 | 8 | (14 | ) | 1 | 1,443 | ||||||||||||||||||||||
Charge-offs | (1,928 | ) | - | - | (8 | ) | (1 | ) | (1,937 | ) | |||||||||||||||||||
Recoveries | 31 | - | - | - | - | 31 | |||||||||||||||||||||||
Ending balance | $ | 1,352 | $ | 194 | $ | 9 | $ | 131 | $ | 11 | $ | 1,697 | |||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||
individually evaluated for impairment | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||
Purchased loans: | |||||||||||||||||||||||||||||
individually evaluated for impairment | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||
Originated loans: | |||||||||||||||||||||||||||||
collectively evaluated for impairment | $ | 939 | $ | 194 | $ | 9 | $ | 131 | $ | 11 | $ | 1,284 | |||||||||||||||||
Purchased loans: | |||||||||||||||||||||||||||||
loans acquired with deteriorated credit quality | $ | 413 | $ | - | $ | - | $ | - | $ | - | $ | 413 | |||||||||||||||||
Loans receivable: | |||||||||||||||||||||||||||||
Ending balance | $ | 236,236 | $ | 22,805 | $ | 7,141 | $ | 72,755 | $ | 2,278 | $ | 341,215 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment (1) | $ | 77,380 | $ | 6,535 | $ | - | $ | 21,055 | $ | 1,508 | $ | 106,478 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Collectively evaluated for impairment | $ | 155,676 | $ | 15,214 | $ | 7,141 | $ | 45,109 | $ | 770 | $ | 223,910 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | $ | 3,180 | $ | 1,056 | $ | - | $ | 6,591 | $ | - | $ | 10,827 | |||||||||||||||||
(1) Includes loans acquired from First Franklin with outstanding balances of $103,497 at December 31, 2013. | |||||||||||||||||||||||||||||
Schedule of credit risk | ' | ||||||||||||||||||||||||||||
Originated Loans at September 30, 2014 | |||||||||||||||||||||||||||||
One-to four- | |||||||||||||||||||||||||||||
Family | Multi-family | ||||||||||||||||||||||||||||
Residential | Residential | Construction | Commercial | Consumer | Total | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||
Pass | $ | 160,169 | $ | 16,449 | $ | 9,076 | $ | 55,932 | $ | 822 | $ | 242,448 | |||||||||||||||||
Special mention | - | - | - | - | - | - | |||||||||||||||||||||||
Substandard | 2,111 | 95 | - | 1,028 | - | 3,234 | |||||||||||||||||||||||
Doubtful | - | - | - | - | - | - | |||||||||||||||||||||||
Loss | - | - | - | - | - | - | |||||||||||||||||||||||
Total | $ | 162,280 | $ | 16,544 | $ | 9,076 | $ | 56,960 | $ | 822 | $ | 245,682 | |||||||||||||||||
Originated Loans at December 31, 2013 | |||||||||||||||||||||||||||||
One-to four- | |||||||||||||||||||||||||||||
Family | Multi-family | ||||||||||||||||||||||||||||
Residential | Residential | Construction | Commercial | Consumer | Total | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||
Pass | $ | 155,364 | $ | 15,214 | $ | 7,141 | $ | 44,218 | $ | 770 | $ | 222,707 | |||||||||||||||||
Special mention | - | - | - | - | - | - | |||||||||||||||||||||||
Substandard | 2,519 | 95 | - | 1,570 | - | 4,184 | |||||||||||||||||||||||
Doubtful | - | - | - | - | - | - | |||||||||||||||||||||||
Loss | - | - | - | - | - | - | |||||||||||||||||||||||
Total | $ | 157,883 | $ | 15,309 | $ | 7,141 | $ | 45,788 | $ | 770 | $ | 226,891 | |||||||||||||||||
Purchased Loans at September 30, 2014 | |||||||||||||||||||||||||||||
One-to four- | |||||||||||||||||||||||||||||
Family | Multi-family | ||||||||||||||||||||||||||||
Residential | Residential | Construction | Commercial | Consumer | Total | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||
Pass | $ | 64,549 | $ | 3,743 | $ | - | $ | 20,540 | $ | 82 | $ | 88,914 | |||||||||||||||||
Special mention | - | - | - | - | - | - | |||||||||||||||||||||||
Substandard | 3,262 | - | - | 3,947 | 101 | 7,310 | |||||||||||||||||||||||
Doubtful | - | - | - | - | - | - | |||||||||||||||||||||||
Loss | - | - | - | - | - | - | |||||||||||||||||||||||
Total | $ | 67,811 | $ | 3,743 | $ | - | $ | 24,487 | $ | 183 | $ | 96,224 | |||||||||||||||||
Purchased Loans at December 31, 2013 | |||||||||||||||||||||||||||||
One-to four- | |||||||||||||||||||||||||||||
Family | Multi-family | ||||||||||||||||||||||||||||
Residential | Residential | Construction | Commercial | Consumer | Total | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||
Pass | $ | 74,410 | $ | 7,496 | $ | - | $ | 25,076 | $ | 1,490 | $ | 108,472 | |||||||||||||||||
Special mention | - | - | - | - | - | - | |||||||||||||||||||||||
Substandard | 3,943 | - | - | 1,891 | 18 | 5,852 | |||||||||||||||||||||||
Doubtful | - | - | - | - | - | - | |||||||||||||||||||||||
Loss | - | - | - | - | - | - | |||||||||||||||||||||||
Total | $ | 78,353 | $ | 7,496 | $ | - | $ | 26,967 | $ | 1,508 | $ | 114,324 | |||||||||||||||||
Schedule of loans by delinquency, nonaccrual status and impaired loans | ' | ||||||||||||||||||||||||||||
Age Analysis of Past Due Originated Loans Receivable | |||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||
Investment | |||||||||||||||||||||||||||||
>30-89 Days | Over | Total Past | Current & | Total | 90 Days and | ||||||||||||||||||||||||
Past Due | 90 Days | Due | Accruing | Nonaccrual | Loans | Accruing | |||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | 330 | $ | 1,487 | $ | 1,817 | $ | 160,072 | $ | 1,878 | $ | 162,280 | $ | - | |||||||||||||||
Multi-family | |||||||||||||||||||||||||||||
Residential | - | 95 | 95 | 16,449 | 95 | 16,544 | - | ||||||||||||||||||||||
Construction | - | - | - | 9,076 | - | 9,076 | - | ||||||||||||||||||||||
Commercial | - | 162 | 162 | 56,798 | 162 | 56,960 | - | ||||||||||||||||||||||
Consumer | 5 | - | 5 | 817 | - | 822 | - | ||||||||||||||||||||||
Total | $ | 335 | $ | 1,744 | $ | 2,079 | $ | 243,212 | $ | 2,135 | $ | 245,682 | $ | - | |||||||||||||||
Age Analysis of Past Due Originated Loans Receivable | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||
Investment | |||||||||||||||||||||||||||||
>30-89 Days | Over | Total Past | Current & | Total Loan | 90 Days and | ||||||||||||||||||||||||
Past Due | 90 Days | Due | Accruing | Nonaccrual | Receivables | Accruing | |||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | 1,915 | $ | 2,207 | $ | 4,122 | $ | 153,761 | $ | 2,207 | $ | 157,883 | $ | - | |||||||||||||||
Multi-family | - | 95 | 95 | 15,214 | 95 | 15,309 | - | ||||||||||||||||||||||
Construction | - | - | - | 7,141 | - | 7,141 | - | ||||||||||||||||||||||
Commercial | - | 679 | 679 | 45,109 | 679 | 45,788 | - | ||||||||||||||||||||||
Consumer | - | - | - | 770 | - | 770 | - | ||||||||||||||||||||||
Total | $ | 1,915 | $ | 2,981 | $ | 4,896 | $ | 221,995 | $ | 2,981 | $ | 226,891 | $ | - | |||||||||||||||
Age Analysis of Past Due Purchased Loans Receivable | |||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||
Investment | |||||||||||||||||||||||||||||
>30-89 Days | Over | Total Past | Current & | Total | 90 Days and | ||||||||||||||||||||||||
Past Due | 90 Days | Due | Accruing | Nonaccrual | Loans | Accruing | |||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | 412 | $ | 2,736 | $ | 3,148 | $ | 64,471 | $ | 2,928 | $ | 67,811 | $ | - | |||||||||||||||
Multi-family | - | - | - | 3,743 | - | 3,743 | - | ||||||||||||||||||||||
Construction | - | - | - | - | - | - | - | ||||||||||||||||||||||
Commercial | - | 616 | 616 | 23,935 | 552 | 24,487 | - | ||||||||||||||||||||||
Consumer | - | 1 | 1 | 82 | 101 | 183 | - | ||||||||||||||||||||||
Total | $ | 412 | $ | 3,353 | $ | 3,765 | $ | 92,231 | $ | 3,581 | $ | 96,224 | $ | - | |||||||||||||||
Age Analysis of Past Due Purchased Loans Receivable | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||
Investment | |||||||||||||||||||||||||||||
>30-89 Days | Over | Total Past | Current & | Total Loan | 90 Days and | ||||||||||||||||||||||||
Past Due | 90 Days | Due | Accruing | Nonaccrual | Receivables | Accruing | |||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | 2,221 | $ | 3,287 | $ | 5,508 | $ | 72,845 | $ | 3,287 | $ | 78,353 | $ | - | |||||||||||||||
Multi-family | 56 | - | 56 | 7,440 | - | 7,496 | - | ||||||||||||||||||||||
Construction | - | - | - | - | - | - | - | ||||||||||||||||||||||
Commercial | 336 | 676 | 1,012 | 25,955 | 676 | 26,967 | - | ||||||||||||||||||||||
Consumer | 10 | 18 | 28 | 1,480 | 18 | 1,508 | - | ||||||||||||||||||||||
Total | $ | 2,623 | $ | 3,981 | $ | 6,604 | $ | 107,720 | $ | 3,981 | $ | 114,324 | $ | - | |||||||||||||||
Schedule of impaired loans | ' | ||||||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||
Unpaid | Average | Interest | |||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Income | |||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Recognized | |||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Purchased loans | |||||||||||||||||||||||||||||
with a fair value discount and no related allowance recorded: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | 4,037 | $ | 4,037 | $ | - | $ | 3,609 | $ | 172 | |||||||||||||||||||
Multi-family | 360 | 360 | - | 708 | 18 | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | 6,325 | 6,325 | - | 6,458 | 324 | ||||||||||||||||||||||||
Consumer | 2 | 2 | - | 1 | - | ||||||||||||||||||||||||
Total | $ | 10,724 | $ | 10,724 | $ | - | $ | 10,776 | $ | 514 | |||||||||||||||||||
Purchased loans | |||||||||||||||||||||||||||||
with a fair value discount and an allowance recorded: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | 21 | $ | 35 | $ | 14 | $ | 10 | $ | - | |||||||||||||||||||
Multi-family | - | - | - | - | - | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | - | - | - | - | - | ||||||||||||||||||||||||
Consumer | - | - | - | - | - | ||||||||||||||||||||||||
Total | $ | 21 | $ | 35 | $ | 14 | $ | 10 | $ | - | |||||||||||||||||||
Purchased loans | |||||||||||||||||||||||||||||
with no fair value discount and no related allowance recorded: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | $ | 978 | $ | 978 | $ | - | $ | 1,812 | $ | 37 | |||||||||||||||||||
Residential | |||||||||||||||||||||||||||||
Multi-family | - | - | - | - | - | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | 552 | 552 | - | 276 | 8 | ||||||||||||||||||||||||
Consumer | 100 | 100 | - | 58 | 2 | ||||||||||||||||||||||||
Total | $ | 1,630 | $ | 1,630 | $ | - | $ | 2,146 | $ | 47 | |||||||||||||||||||
Purchased loans with an allowance recorded: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | $ | 1,199 | $ | 1,467 | $ | 268 | $ | 600 | $ | 14 | |||||||||||||||||||
Residential | |||||||||||||||||||||||||||||
Multi-family | - | - | - | - | - | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | - | - | - | - | - | ||||||||||||||||||||||||
Consumer | - | - | - | - | - | ||||||||||||||||||||||||
Total | $ | 1,199 | $ | 1,467 | $ | 268 | $ | 600 | $ | 14 | |||||||||||||||||||
Unpaid | Average | Interest | |||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Income | |||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Recognized | |||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Originated loans with no related allowance recorded | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | $ | 1,513 | $ | 1,513 | $ | - | $ | 1,860 | $ | 22 | |||||||||||||||||||
Residential | |||||||||||||||||||||||||||||
Multi-family | - | - | - | 48 | - | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | 115 | 115 | - | 397 | 7 | ||||||||||||||||||||||||
Consumer | - | - | - | - | - | ||||||||||||||||||||||||
Total | $ | 1,628 | $ | 1,628 | $ | - | $ | 2,305 | $ | 29 | |||||||||||||||||||
Originated loans with an allowance recorded: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | $ | 246 | $ | 430 | $ | 184 | $ | 123 | $ | 4 | |||||||||||||||||||
Residential | |||||||||||||||||||||||||||||
Multi-family | 94 | 95 | 1 | 47 | - | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | 38 | 46 | 8 | 19 | - | ||||||||||||||||||||||||
Consumer | - | - | - | - | - | ||||||||||||||||||||||||
Total | $ | 378 | $ | 571 | $ | 193 | $ | 189 | $ | 4 | |||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | $ | 7,994 | $ | 8,460 | $ | 466 | $ | 8,014 | $ | 249 | |||||||||||||||||||
Residential | |||||||||||||||||||||||||||||
Multi-family | 454 | 455 | 1 | 803 | 18 | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | 7,030 | 7,038 | 8 | 7,150 | 339 | ||||||||||||||||||||||||
Consumer | 102 | 102 | - | 59 | 2 | ||||||||||||||||||||||||
Total | $ | 15,580 | $ | 16,055 | $ | 475 | $ | 16,026 | $ | 608 | |||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
Unpaid | Average | Interest | |||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Income | |||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Recognized | |||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Purchased loans | |||||||||||||||||||||||||||||
with a fair value discount and no related allowance recorded: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | 3,180 | $ | 3,180 | $ | - | $ | 3,556 | $ | 192 | |||||||||||||||||||
Multi-family | 1,056 | 1,056 | - | 1,059 | 22 | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | 6,591 | 6,591 | - | 7,556 | 436 | ||||||||||||||||||||||||
Consumer | - | - | - | 41 | - | ||||||||||||||||||||||||
Total | $ | 10,827 | $ | 10,827 | $ | - | $ | 12,212 | $ | 650 | |||||||||||||||||||
Purchased loans | |||||||||||||||||||||||||||||
with a fair value discount and an allowance recorded: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | - | $ | - | $ | - | $ | 7 | $ | - | |||||||||||||||||||
Multi-family | - | - | - | - | - | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | - | - | - | - | - | ||||||||||||||||||||||||
Consumer | - | - | - | - | - | ||||||||||||||||||||||||
Total | $ | - | $ | - | $ | - | $ | 7 | $ | - | |||||||||||||||||||
Purchased loans | |||||||||||||||||||||||||||||
with no fair value discount and no related allowance recorded: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | $ | 2,646 | $ | 2,646 | $ | - | $ | 2,185 | $ | 107 | |||||||||||||||||||
Residential | |||||||||||||||||||||||||||||
Multi-family | - | - | - | - | - | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | - | - | - | - | - | ||||||||||||||||||||||||
Consumer | 16 | 16 | - | 28 | 1 | ||||||||||||||||||||||||
Total | $ | 2,662 | $ | 2,662 | $ | - | $ | 2,213 | $ | 108 | |||||||||||||||||||
Purchased loans with an allowance recorded: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | $ | - | $ | - | $ | - | $ | 74 | $ | - | |||||||||||||||||||
Residential | |||||||||||||||||||||||||||||
Multi-family | - | - | - | - | - | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | - | - | - | - | - | ||||||||||||||||||||||||
Consumer | - | - | - | - | - | ||||||||||||||||||||||||
Total | $ | - | $ | - | $ | - | $ | 74 | $ | - | |||||||||||||||||||
Unpaid | Average | Interest | |||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Income | |||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Recognized | |||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
Originated loans with no related allowance recorded | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | 2,207 | $ | 2,207 | $ | - | $ | 2,847 | $ | 32 | |||||||||||||||||||
Multi-family | 95 | 95 | - | 95 | - | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | 679 | 679 | - | 537 | 35 | ||||||||||||||||||||||||
Consumer | - | - | - | - | - | ||||||||||||||||||||||||
Total | $ | 2,981 | $ | 2,981 | $ | - | $ | 3,479 | $ | 67 | |||||||||||||||||||
Originated loans with an allowance recorded: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | - | $ | - | $ | - | $ | 473 | $ | - | |||||||||||||||||||
Multi-family | - | - | - | - | - | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | - | - | - | 81 | - | ||||||||||||||||||||||||
Consumer | - | - | - | - | - | ||||||||||||||||||||||||
Total | $ | - | $ | - | $ | - | $ | 554 | $ | - | |||||||||||||||||||
Total: | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 family | |||||||||||||||||||||||||||||
Residential | $ | 8,033 | $ | 8,033 | $ | - | $ | 9,142 | $ | 331 | |||||||||||||||||||
Multi-family | 1,151 | 1,151 | - | 1,154 | 22 | ||||||||||||||||||||||||
Construction | - | - | - | - | - | ||||||||||||||||||||||||
Commercial | 7,270 | 7,270 | - | 8,174 | 471 | ||||||||||||||||||||||||
Consumer | 16 | 16 | - | 69 | 1 | ||||||||||||||||||||||||
Total | $ | 16,470 | $ | 16,470 | $ | - | $ | 18,539 | $ | 825 | |||||||||||||||||||
Schedule of modifications of troubled debt restructurings | ' | ||||||||||||||||||||||||||||
Modifications | |||||||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | ||||||||||||||||||||||||||||
Outstanding | Outstanding | ||||||||||||||||||||||||||||
Number of | Recorded | Recorded | |||||||||||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 Family Residential | 5 | $ | 2,320 | $ | 2,320 | ||||||||||||||||||||||||
Multi-family Residential | - | - | - | ||||||||||||||||||||||||||
Construction | - | - | - | ||||||||||||||||||||||||||
Commercial | 1 | 100 | 100 | ||||||||||||||||||||||||||
Consumer | - | - | - | ||||||||||||||||||||||||||
Modifications | |||||||||||||||||||||||||||||
For the nine months ended September 30, 2014 | |||||||||||||||||||||||||||||
Number of | Recorded | ||||||||||||||||||||||||||||
Contracts | Investment | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||
That Subsequently Defaulted | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 Family Residential | 5 | $ | 724 | ||||||||||||||||||||||||||
Multi-family Residential | - | - | |||||||||||||||||||||||||||
Construction | - | - | |||||||||||||||||||||||||||
Commercial | 1 | 99 | |||||||||||||||||||||||||||
Consumer | - | - | |||||||||||||||||||||||||||
Modifications | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | ||||||||||||||||||||||||||||
Outstanding | Outstanding | ||||||||||||||||||||||||||||
Number of | Recorded | Recorded | |||||||||||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||||||||||
Troubled Debt Restructurings | (Dollars in thousands) | ||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 Family Residential | 4 | $ | 316 | $ | 312 | ||||||||||||||||||||||||
Multi-family Residential | - | - | - | ||||||||||||||||||||||||||
Construction | - | - | - | ||||||||||||||||||||||||||
Commercial | 4 | 1,863 | 1,849 | ||||||||||||||||||||||||||
Consumer | - | - | - | ||||||||||||||||||||||||||
Modifications | |||||||||||||||||||||||||||||
for the year ended December 31, 2013 | |||||||||||||||||||||||||||||
Number of | Recorded | ||||||||||||||||||||||||||||
Contracts | Investment | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||
That Subsequently Defaulted | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
1-4 Family Residential | - | $ | - | ||||||||||||||||||||||||||
Multi-family Residential | - | - | |||||||||||||||||||||||||||
Construction | - | - | |||||||||||||||||||||||||||
Commercial | 1 | 754 | |||||||||||||||||||||||||||
Consumer | - | - | |||||||||||||||||||||||||||
Liquidity_and_Capital_Resource2
Liquidity and Capital Resources - Information regarding Corporation's obligations and commitments to make future payments under contracts (Details) (USD $) | Sep. 30, 2014 |
In Thousands, unless otherwise specified | |
Payments due by period | ' |
Less than 1 year | $161,844 |
More than 1-3 years | 73,773 |
More than 3-5 years | 28,015 |
More than 5 years | 2,604 |
Total | 266,236 |
Advances from the Federal Home Loan Bank | ' |
Payments due by period | ' |
Less than 1 year | 632 |
More than 1-3 years | 11,051 |
More than 3-5 years | 1,451 |
More than 5 years | 2,310 |
Total | 15,444 |
Certificates of deposit | ' |
Payments due by period | ' |
Less than 1 year | 126,189 |
More than 1-3 years | 62,524 |
More than 3-5 years | 26,442 |
More than 5 years | 135 |
Total | 215,290 |
Lease obligations | ' |
Payments due by period | ' |
Less than 1 year | 123 |
More than 1-3 years | 198 |
More than 3-5 years | 122 |
More than 5 years | 159 |
Total | 602 |
Purchase of leased facility | ' |
Payments due by period | ' |
Less than 1 year | 575 |
More than 1-3 years | ' |
More than 3-5 years | ' |
More than 5 years | ' |
Total | 575 |
Commitments to originate one- to four-family loans | ' |
Payments due by period | ' |
Less than 1 year | 1,354 |
More than 1-3 years | ' |
More than 3-5 years | ' |
More than 5 years | ' |
Total | 1,354 |
Home equity lines of credit | ' |
Payments due by period | ' |
Less than 1 year | 26,529 |
More than 1-3 years | ' |
More than 3-5 years | ' |
More than 5 years | ' |
Total | 26,529 |
Commercial lines of credit | ' |
Payments due by period | ' |
Less than 1 year | 1,153 |
More than 1-3 years | ' |
More than 3-5 years | ' |
More than 5 years | ' |
Total | 1,153 |
Undisbursed loans in process | ' |
Payments due by period | ' |
Less than 1 year | 5,289 |
More than 1-3 years | ' |
More than 3-5 years | ' |
More than 5 years | ' |
Total | $5,289 |
Liquidity_and_Capital_Resource3
Liquidity and Capital Resources (Detail Textuals) (USD $) | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Dec. 31, 2013 |
Federal Home Loan Bank Of Cincinnati | Federal Home Loan Bank Of Cincinnati | |||
Schedule Of Liquidity and Capital Resources [Line Items] | ' | ' | ' | ' |
Outstanding borrowings from the Federal Home Loan Bank of Cincinnati | ' | ' | $15.40 | $19.30 |
Maximum possible increase in borrowings from Federal Home Loan Bank | ' | ' | 132.8 | 121.1 |
Loan originations | 66.2 | 85.8 | ' | ' |
Increase (decrease) in deposits | ($13.60) | ($19.20) | ' | ' |
Liquidity_and_Capital_Resource4
Liquidity and Capital Resources (Detail Textuals 1) (USD $) | Sep. 30, 2014 | Sep. 30, 2013 |
In Millions, unless otherwise specified | ||
Regulatory Capital Requirements [Abstract] | ' | ' |
Core (Tier 1) capital | $79.20 | $77.90 |
Core (Tier 1) capital to total assets | 14.10% | 13.50% |
Required core capital to be well-capitalized | $34.40 | ' |
Ratio of core capital to assets to be well-capitalized | 6.00% | ' |
Minimum ratio of total risk-based capital to risk-weighted assets to be well-capitalized | 10.00% | ' |
Total risk-based capital ratio | 25.60% | 25.50% |
Earnings_Per_Share_Summary_of_
Earnings Per Share - Summary of earnings Per Share (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Weighted-average common shares outstanding (basic) | 6,539,499 | 6,628,648 | 6,599,772 | 6,942,409 |
Dilutive effect of assumed exercise of stock options | 62,530 | 6,819 | 65,168 | 6,798 |
Weighted-average common shares outstanding (diluted) | 6,602,029 | 6,635,467 | 6,664,940 | 6,949,207 |
Earnings_Per_Share_Detail_Text
Earnings Per Share (Detail Textuals) | Sep. 30, 2014 | Sep. 30, 2013 |
Earnings Per Share [Abstract] | ' | ' |
Unallocated shares held by the ESOP | 168,300 | 208,251 |
Stock_Option_Plan_Changes_in_S
Stock Option Plan - Changes in Stock Option (Details) (Stock Incentive Plan, Stock Options, USD $) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2014 | Dec. 31, 2013 | |
Stock Incentive Plan | Stock Options | ' | ' |
Shares | ' | ' |
Outstanding at beginning of period | 369,939 | 370,339 |
Granted | 400,000 | ' |
Exercised | ' | ' |
Forfeited | ' | -400 |
Outstanding at end of period | 769,939 | 369,939 |
Options exercisable at period-end | 363,791 | 359,177 |
Options expected to be exercisable at year-end | 363,791 | 359,177 |
Weighted average exercise price | ' | ' |
Outstanding at beginning of period | $12.80 | $12.80 |
Granted | $12.48 | ' |
Exercised | ' | ' |
Forfeited | ' | $8.30 |
Outstanding at end of period | $12.63 | $12.80 |
Options exercisable at period-end | $12.74 | $12.91 |
Fair value of options granted | $1.56 | ' |
Stock_Option_Plan_Information_
Stock Option Plan - Information of options outstanding (Details 1) (Stock Incentive Plan, Stock Options, USD $) | 9 Months Ended | ||
Sep. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Stock Incentive Plan | Stock Options | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Number outstanding | 769,939 | 369,939 | 370,339 |
Exercise price, lower | $8.30 | ' | ' |
Exercise price, upper | $15.90 | ' | ' |
Weighted-average exercise price | $12.63 | $12.80 | $12.80 |
Weighted-average remaining contractual life | '5 years 7 months 6 days | ' | ' |
Stock_Option_Plan_Detail_Textu
Stock Option Plan (Detail Textuals) (Stock Incentive Plan, Stock Options, USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Stock Incentive Plan | Stock Options | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Stock options granted subject to vesting period (in shares) | 400,000 |
Vesting period of options granted | '5 years |
After-tax compensation cost for vested equity-based awards recognized | $29,000 |
Unrecognized pre-tax compensation cost for non vested equity based awards granted | $609,000 |
Weighted-average vesting period of unrecognized pre-tax compensation cost | '2 years 1 month 6 days |
Stock_Option_Plan_Detail_Textu1
Stock Option Plan (Detail Textuals 1) (Stock Incentive Plan, Employee Stock Option [Member]) | 9 Months Ended |
Sep. 30, 2014 | |
Stock Incentive Plan | Employee Stock Option [Member] | ' |
Share-Based Compensation Arrangement By Share-Based Payment Award [Line Items] | ' |
Fair value assumption, method used | 'Black-Scholes options-pricing model |
Dividend yield | 2.88% |
Expected volatility | 14.25% |
Risk-free interest rate | 2.55% |
Expected life of options | '10 years |
Investment_and_Mortgagebacked_2
Investment and Mortgage-backed Securities - Amortized cost, gross unrealized gains, gross unrealized losses and estimated fair values of investment securities (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Available for sale: | ' | ' |
Amortized cost | $148,110 | $165,018 |
Gross unrealized holding gains | 167 | 741 |
Gross unrealized holding losses | 3,988 | 11,817 |
Estimated fair value | 144,289 | 153,942 |
U.S. Government agency securities | ' | ' |
Available for sale: | ' | ' |
Amortized cost | 145,077 | 160,063 |
Gross unrealized holding gains | 13 | ' |
Gross unrealized holding losses | 3,988 | 11,714 |
Estimated fair value | 141,102 | 148,349 |
Municipal obligations | ' | ' |
Available for sale: | ' | ' |
Amortized cost | 3,033 | 3,035 |
Gross unrealized holding gains | 154 | 83 |
Gross unrealized holding losses | ' | 103 |
Estimated fair value | 3,187 | 3,015 |
Corporate securities | ' | ' |
Available for sale: | ' | ' |
Amortized cost | ' | 1,920 |
Gross unrealized holding gains | ' | 658 |
Gross unrealized holding losses | ' | ' |
Estimated fair value | ' | $2,578 |
Investment_and_Mortgagebacked_3
Investment and Mortgage-backed Securities - Amortized cost of investment securities by contractual maturity (Details 1) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Investments, Debt and Equity Securities [Abstract] | ' | ' |
Less than one year | $12,991 | ' |
One to five years | 42,941 | ' |
Five to ten years | 72,205 | ' |
More than ten years | 19,973 | ' |
Amortized cost of investment securities | $148,110 | $165,018 |
Investment_and_Mortgagebacked_4
Investment and Mortgage-backed Securities - Amortized cost, gross unrealized gains, gross unrealized losses and estimated fair values of mortgage-backed securities (Details 2) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Available for sale: | ' | ' |
Amortized cost | $148,110 | $165,018 |
Gross unrealized holding gains | 167 | 741 |
Gross unrealized holding losses | 3,988 | 11,817 |
Estimated fair value | 144,289 | 153,942 |
Mortgage-backed securities | ' | ' |
Available for sale: | ' | ' |
Amortized cost | 17,801 | 9,239 |
Gross unrealized holding gains | 142 | 159 |
Gross unrealized holding losses | 41 | 37 |
Estimated fair value | 17,902 | 9,361 |
Held to maturity: | ' | ' |
Amortized cost | 2,769 | 3,116 |
Gross unrealized holding gains | 103 | 114 |
Gross unrealized holding losses | ' | ' |
Estimated fair value | 2,872 | 3,230 |
Federal Home Loan Mortgage Corporation adjustable-rate participation certificates | ' | ' |
Available for sale: | ' | ' |
Amortized cost | 10,259 | 677 |
Gross unrealized holding gains | 26 | 34 |
Gross unrealized holding losses | 39 | 1 |
Estimated fair value | 10,246 | 710 |
Held to maturity: | ' | ' |
Amortized cost | 212 | 253 |
Gross unrealized holding gains | 6 | 8 |
Gross unrealized holding losses | ' | ' |
Estimated fair value | 218 | 261 |
Federal National Mortgage Association adjustable-rate participation certificates | ' | ' |
Available for sale: | ' | ' |
Amortized cost | 5,254 | 5,940 |
Gross unrealized holding gains | 46 | 40 |
Gross unrealized holding losses | 2 | 36 |
Estimated fair value | 5,298 | 5,944 |
Held to maturity: | ' | ' |
Amortized cost | 157 | 212 |
Gross unrealized holding gains | 2 | 6 |
Gross unrealized holding losses | ' | ' |
Estimated fair value | 159 | 218 |
Government National Mortgage Association adjustable-rate participation certificates | ' | ' |
Available for sale: | ' | ' |
Amortized cost | 2,288 | 2,622 |
Gross unrealized holding gains | 70 | 85 |
Gross unrealized holding losses | ' | ' |
Estimated fair value | 2,358 | 2,707 |
Held to maturity: | ' | ' |
Amortized cost | 2,400 | 2,651 |
Gross unrealized holding gains | 95 | 100 |
Gross unrealized holding losses | ' | ' |
Estimated fair value | $2,495 | $2,751 |
Investment_and_Mortgagebacked_5
Investment and Mortgage-backed Securities - Amortized cost of mortgage-backed securities by contractual maturity (Details 3) (Mortgage-backed securities, USD $) | Sep. 30, 2014 |
In Thousands, unless otherwise specified | |
Mortgage-backed securities | ' |
Schedule Of Marketable Securities [Line Items] | ' |
Due in one year or less | $823 |
Due in one year through five years | 3,467 |
Due in five years through ten years | 4,756 |
Due in more than ten years | 11,524 |
Total | $20,570 |
Investment_and_Mortgagebacked_6
Investment and Mortgage-backed Securities - Continuous unrealized loss position (Details 4) (USD $) | Sep. 30, 2014 |
In Thousands, unless otherwise specified | Security |
Schedule Of Marketable Securities [Line Items] | ' |
Temporarily impaired securities, number of investments, less than 12 months | 16 |
Temporarily impaired securities, fair value, less than 12 months | $14,782 |
Temporarily impaired securities, unrealized losses, less than 12 months | 52 |
Temporarily impaired securities, number of investments, 12 months or longer | 36 |
Temporarily impaired securities, fair value, 12 months or longer | 126,233 |
Temporarily impaired securities, unrealized losses, 12 months or longer | 3,977 |
Temporarily impaired securities, number of investments | 52 |
Temporarily impaired securities, total fair value | 141,015 |
Temporarily impaired securities, unrealized losses | 4,029 |
U.S. Government agency securities | ' |
Schedule Of Marketable Securities [Line Items] | ' |
Temporarily impaired securities, number of investments, less than 12 months | 1 |
Temporarily impaired securities, fair value, less than 12 months | 4,987 |
Temporarily impaired securities, unrealized losses, less than 12 months | 13 |
Temporarily impaired securities, number of investments, 12 months or longer | 24 |
Temporarily impaired securities, fair value, 12 months or longer | 126,123 |
Temporarily impaired securities, unrealized losses, 12 months or longer | 3,975 |
Temporarily impaired securities, number of investments | 25 |
Temporarily impaired securities, total fair value | 131,110 |
Temporarily impaired securities, unrealized losses | 3,988 |
Municipal obligations | ' |
Schedule Of Marketable Securities [Line Items] | ' |
Temporarily impaired securities, number of investments, less than 12 months | ' |
Temporarily impaired securities, fair value, less than 12 months | ' |
Temporarily impaired securities, unrealized losses, less than 12 months | ' |
Temporarily impaired securities, number of investments, 12 months or longer | ' |
Temporarily impaired securities, fair value, 12 months or longer | ' |
Temporarily impaired securities, unrealized losses, 12 months or longer | ' |
Temporarily impaired securities, number of investments | ' |
Temporarily impaired securities, total fair value | ' |
Temporarily impaired securities, unrealized losses | ' |
Mortgage-backed securities | ' |
Schedule Of Marketable Securities [Line Items] | ' |
Temporarily impaired securities, number of investments, less than 12 months | 15 |
Temporarily impaired securities, fair value, less than 12 months | 9,795 |
Temporarily impaired securities, unrealized losses, less than 12 months | 39 |
Temporarily impaired securities, number of investments, 12 months or longer | 12 |
Temporarily impaired securities, fair value, 12 months or longer | 110 |
Temporarily impaired securities, unrealized losses, 12 months or longer | 2 |
Temporarily impaired securities, number of investments | 27 |
Temporarily impaired securities, total fair value | 9,905 |
Temporarily impaired securities, unrealized losses | $41 |
Income_Taxes_Federal_income_ta
Income Taxes - Federal income tax on earnings differs from that computed at statutory corporate tax rate (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' |
Federal income taxes at statutory rate of 34% | ' | ' | $1,089 | $479 |
Increase (decrease) in taxes resulting primarily from: | ' | ' | ' | ' |
Stock compensation | ' | ' | 17 | 8 |
Nontaxable interest income | ' | ' | -29 | -29 |
Cash surrender value of life insurance | ' | ' | -119 | -123 |
Other | ' | ' | 1 | -4 |
Federal income taxes per financial statements | $409 | ($56) | $959 | $331 |
Effective tax rate | ' | ' | 30.00% | 23.50% |
Income_Taxes_Federal_income_ta1
Income Taxes - Federal income tax on earnings differs from that computed at statutory corporate tax rate (Parentheticals) (Details) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Income Tax Disclosure [Abstract] | ' | ' |
Federal income taxes at statutory rate | 34.00% | 34.00% |
Income_Taxes_Detail_Textuals
Income Taxes (Detail Textuals) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2014 |
Income Tax Disclosure [Abstract] | ' |
Net operating losses to carryforward | $1.50 |
Period for carryforward net operating losses | '20 years |
Losses on an annual basis to offset current year taxable income | $1.50 |
Income tax benefit, likelihood of realized on ultimate settlement | 'greater than 50 percent |
Disclosures_about_Fair_Value_o1
Disclosures about Fair Value of Assets and Liabilities - Estimated fair values of Corporation's financial instruments (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financial assets | ' | ' |
Investment securities | $144,289 | $153,942 |
Accrued interest receivable | 1,046 | 1,173 |
Federal Home Loan Bank stock | 8,651 | 8,651 |
Financial liabilities | ' | ' |
Deposits | 455,805 | 469,387 |
Accrued interest payable | 60 | 71 |
Advances by borrowers for taxes and insurance | 1,703 | 2,357 |
Carrying value | ' | ' |
Financial assets | ' | ' |
Cash and cash equivalents | 16,298 | 22,112 |
Investment securities | 144,289 | 153,942 |
Mortgage-backed securities | 20,671 | 12,477 |
Loans receivable - net and loans held for sale | 335,199 | 336,837 |
Accrued interest receivable | 1,732 | 1,971 |
Federal Home Loan Bank stock | 8,651 | 8,651 |
Financial assets, fair value | 526,840 | 535,990 |
Financial liabilities | ' | ' |
Deposits | 455,805 | 469,387 |
Advances from the Federal Home Loan Bank | 15,444 | 19,261 |
Accrued interest payable | 60 | 71 |
Advances by borrowers for taxes and insurance | 1,703 | 2,357 |
Financial liabilities, fair value | 473,012 | 491,076 |
Fair value | ' | ' |
Financial assets | ' | ' |
Cash and cash equivalents | 16,298 | 22,112 |
Investment securities | 144,289 | 153,942 |
Mortgage-backed securities | 20,774 | 12,591 |
Loans receivable - net and loans held for sale | 355,689 | 362,066 |
Accrued interest receivable | 1,732 | 1,971 |
Federal Home Loan Bank stock | 8,651 | 8,651 |
Financial assets, fair value | 547,433 | 561,333 |
Financial liabilities | ' | ' |
Deposits | 455,206 | 468,417 |
Advances from the Federal Home Loan Bank | 15,609 | 20,207 |
Accrued interest payable | 60 | 71 |
Advances by borrowers for taxes and insurance | 1,703 | 2,357 |
Financial liabilities, fair value | $472,578 | $491,052 |
Recovered_Sheet2
Disclosures About Fair Value of Assets and Liabilities -Summary of fair value measurements (Details 1) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale | $144,289 | $153,942 |
U.S. Government agency securities | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale | 141,102 | 148,349 |
Municipal obligations | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale | 3,187 | 3,015 |
Corporate securities | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale | ' | 2,578 |
Mortgage-backed securities | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale | 17,902 | 9,361 |
Quoted prices in active markets for identical assets (Level 1) | U.S. Government agency securities | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale | ' | ' |
Quoted prices in active markets for identical assets (Level 1) | Municipal obligations | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale | ' | ' |
Quoted prices in active markets for identical assets (Level 1) | Corporate securities | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale | ' | ' |
Quoted prices in active markets for identical assets (Level 1) | Mortgage-backed securities | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale | ' | ' |
Significant other observable inputs (Level 2) | U.S. Government agency securities | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale | 141,102 | 148,349 |
Significant other observable inputs (Level 2) | Municipal obligations | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale | 3,187 | 3,015 |
Significant other observable inputs (Level 2) | Corporate securities | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale | ' | 2,578 |
Significant other observable inputs (Level 2) | Mortgage-backed securities | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale | 17,902 | 9,361 |
Significant other unobservable inputs (Level 3) | U.S. Government agency securities | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale | ' | ' |
Significant other unobservable inputs (Level 3) | Municipal obligations | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale | ' | ' |
Significant other unobservable inputs (Level 3) | Corporate securities | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale | ' | ' |
Significant other unobservable inputs (Level 3) | Mortgage-backed securities | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Securities available for sale | ' | ' |
Disclosures_About_Fair_Value_o2
Disclosures About Fair Value of Assets and Liabilities (Details 2) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Total | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | $16,298 | $22,112 |
Mortgage-backed securities | 2,872 | 3,230 |
Loans receivable - net | 355,689 | 362,066 |
Federal Home Loan Bank stock | 8,651 | 8,651 |
Accrued interest receivable | 1,732 | 1,971 |
Financial liabilities: | ' | ' |
Deposits | 455,206 | 468,417 |
Advances from the Federal Home Loan Bank | 15,609 | 20,207 |
Advances by borrowers for taxes and insurance | 1,703 | 2,357 |
Accrued interest payable | 60 | 71 |
Quoted prices in active markets for identical assets (Level 1) | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | 16,298 | 22,112 |
Mortgage-backed securities | ' | ' |
Loans receivable - net | ' | ' |
Federal Home Loan Bank stock | ' | ' |
Accrued interest receivable | ' | ' |
Financial liabilities: | ' | ' |
Deposits | ' | ' |
Advances from the Federal Home Loan Bank | ' | ' |
Advances by borrowers for taxes and insurance | ' | ' |
Accrued interest payable | ' | ' |
Significant other observable inputs (Level 2) | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | ' | ' |
Mortgage-backed securities | 2,872 | 3,230 |
Loans receivable - net | 355,689 | 362,066 |
Federal Home Loan Bank stock | 8,651 | 8,651 |
Accrued interest receivable | 1,732 | 1,971 |
Financial liabilities: | ' | ' |
Deposits | 455,206 | 468,417 |
Advances from the Federal Home Loan Bank | 15,609 | 20,207 |
Advances by borrowers for taxes and insurance | 1,703 | 2,357 |
Accrued interest payable | 60 | 71 |
Significant other unobservable inputs (Level 3) | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | ' | ' |
Mortgage-backed securities | ' | ' |
Loans receivable - net | ' | ' |
Federal Home Loan Bank stock | ' | ' |
Accrued interest receivable | ' | ' |
Financial liabilities: | ' | ' |
Deposits | ' | ' |
Advances from the Federal Home Loan Bank | ' | ' |
Advances by borrowers for taxes and insurance | ' | ' |
Accrued interest payable | ' | ' |
Disclosures_About_Fair_Value_o3
Disclosures About Fair Value of Assets and Liabilities (Detail Textuals) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Real estate acquired through foreclosure | $2,276 | $3,284 |
Cheviot Financial Corp. | Level 2 | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Real estate acquired through foreclosure | 2,300 | 3,300 |
Cheviot Financial Corp. | Carrying value | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Impaired loans | 15,600 | 16,500 |
Real estate acquired through foreclosure | $2,300 | $3,300 |
Intangible_Assets_Summary_of_c
Intangible Assets - Summary of current year and estimated future amortization expense for core deposit intangible (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Total | $425 | $540 |
Core Deposit | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
2014 | 34 | ' |
2015 | 116 | ' |
2016 | 110 | ' |
2017 | 110 | ' |
2018 | 55 | ' |
Total | $425 | ' |
Intangible_Assets_Detail_Textu
Intangible Assets (Detail Textuals) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Mar. 31, 2011 |
First Franklin and Franklin Savings | |||
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Goodwill and intangible assets | ' | ' | $11,600,000 |
Goodwill | 10,309,000 | 10,309,000 | ' |
Carrying amount of core deposit, intangible | 1,300,000 | ' | ' |
Accumulated amortization of core deposit intangible | $873,000 | ' | ' |
Financing_Receivables_Recorded
Financing Receivables - Recorded investment in loans (Details) (Loans Receivable, USD $) | Sep. 30, 2014 | Dec. 31, 2013 | |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | |
Purchased loans | $98,038 | ' | |
Purchased loans book value | 96,224 | ' | |
Originated loans | 245,682 | [1] | ' |
Ending balance | 341,906 | 341,215 | |
One-to-four Family Residential | ' | ' | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | |
Purchased loans | 69,010 | ' | |
Purchased loans book value | 67,811 | ' | |
Originated loans | 162,280 | [1] | ' |
Ending balance | 230,091 | 236,236 | |
Multi-family Residential | ' | ' | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | |
Purchased loans | 3,840 | ' | |
Purchased loans book value | 3,743 | ' | |
Originated loans | 16,544 | [1] | ' |
Ending balance | 20,287 | 22,805 | |
Construction | ' | ' | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | |
Purchased loans | ' | ' | |
Purchased loans book value | ' | ' | |
Originated loans | 9,076 | [1],[2] | ' |
Ending balance | 9,076 | 7,141 | |
Commercial | ' | ' | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | |
Purchased loans | 24,990 | ' | |
Purchased loans book value | 24,487 | ' | |
Originated loans | 56,960 | [1] | ' |
Ending balance | 81,447 | 72,755 | |
Consumer | ' | ' | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | |
Purchased loans | 198 | ' | |
Purchased loans book value | 183 | ' | |
Originated loans | 822 | [1] | ' |
Ending balance | 1,005 | 2,278 | |
Credit Impaired Purchased Loans | ' | ' | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | |
Fair value discount | -1,359 | ' | |
Credit Impaired Purchased Loans | One-to-four Family Residential | ' | ' | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | |
Fair value discount | -980 | ' | |
Credit Impaired Purchased Loans | Multi-family Residential | ' | ' | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | |
Fair value discount | -5 | ' | |
Credit Impaired Purchased Loans | Construction | ' | ' | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | |
Fair value discount | ' | ' | |
Credit Impaired Purchased Loans | Commercial | ' | ' | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | |
Fair value discount | -374 | ' | |
Credit Impaired Purchased Loans | Consumer | ' | ' | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | |
Fair value discount | ' | ' | |
Non-impaired Purchased Loans | ' | ' | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | |
Fair value discount | -455 | ' | |
Non-impaired Purchased Loans | One-to-four Family Residential | ' | ' | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | |
Fair value discount | -219 | ' | |
Non-impaired Purchased Loans | Multi-family Residential | ' | ' | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | |
Fair value discount | -92 | ' | |
Non-impaired Purchased Loans | Construction | ' | ' | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | |
Fair value discount | ' | ' | |
Non-impaired Purchased Loans | Commercial | ' | ' | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | |
Fair value discount | -129 | ' | |
Non-impaired Purchased Loans | Consumer | ' | ' | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | |
Fair value discount | ($15) | ' | |
[1] | Includes loans held for sale | ||
[2] | Before consideration of undisbursed Loans-in-process |
Financing_Receivables_Carrying
Financing Receivables - Carrying amount of purchased loans (Details 1) (Purchased Loans Receivable, USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Purchased loans | $96,224 | $114,324 |
One-to-four family residential | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Purchased loans | 67,811 | 78,353 |
Multi-family residential | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Purchased loans | 3,743 | 7,496 |
Construction | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Purchased loans | ' | ' |
Commercial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Purchased loans | 24,487 | 26,967 |
Consumer | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Purchased loans | 183 | 1,508 |
Non-impaired Purchased Loans | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Purchased loans | 85,465 | ' |
Non-impaired Purchased Loans | One-to-four family residential | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Purchased loans | 63,739 | ' |
Non-impaired Purchased Loans | Multi-family residential | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Purchased loans | 3,383 | ' |
Non-impaired Purchased Loans | Construction | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Purchased loans | ' | ' |
Non-impaired Purchased Loans | Commercial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Purchased loans | 18,162 | ' |
Non-impaired Purchased Loans | Consumer | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Purchased loans | 181 | ' |
Credit Impaired Purchased Loans | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Purchased loans | 10,759 | ' |
Credit Impaired Purchased Loans | One-to-four family residential | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Purchased loans | 4,072 | ' |
Credit Impaired Purchased Loans | Multi-family residential | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Purchased loans | 360 | ' |
Credit Impaired Purchased Loans | Construction | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Purchased loans | ' | ' |
Credit Impaired Purchased Loans | Commercial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Purchased loans | 6,325 | ' |
Credit Impaired Purchased Loans | Consumer | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Purchased loans | $2 | ' |
Financing_Receivables_Activity
Financing Receivables - Activity for accretable discount related to acquired credit impaired loans (Details 2) (Loans Receivable, Credit impaired loans, USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 |
Loans Receivable | Credit impaired loans | ' |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ' |
Accretable discount at December 31, 2013: | $1,305 |
Reclass from nonaccretable difference to accretable discount | 5,640 |
Less transferred to other real estate owned | -96 |
Less accretion | -514 |
Accretable discount at September 30, 2014: | $6,335 |
Financing_Receivables_Allowanc
Financing Receivables - Allowance for credit losses (Details 3) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | ||||||||||||
Loans Receivable | Loans Receivable | Loans Receivable | Loans Receivable | Loans Receivable | Loans Receivable | Loans Receivable | Loans Receivable | Loans Receivable | Loans Receivable | Loans Receivable | Loans Receivable | Originated Loans Receivable | Originated Loans Receivable | Originated Loans Receivable | Originated Loans Receivable | Originated Loans Receivable | Originated Loans Receivable | Originated Loans Receivable | Originated Loans Receivable | Originated Loans Receivable | Originated Loans Receivable | Originated Loans Receivable | Originated Loans Receivable | Purchased Loans Receivable | Purchased Loans Receivable | Purchased Loans Receivable | Purchased Loans Receivable | Purchased Loans Receivable | Purchased Loans Receivable | Purchased Loans Receivable | Purchased Loans Receivable | Purchased Loans Receivable | Purchased Loans Receivable | Purchased Loans Receivable | Purchased Loans Receivable | |||||||||||||||||
One-to-four Family Residential | One-to-four Family Residential | Multi-family Residential | Multi-family Residential | Construction | Construction | Commercial | Commercial | Consumer | Consumer | One-to-four Family Residential | One-to-four Family Residential | Multi-family Residential | Multi-family Residential | Construction | Construction | Commercial | Commercial | Consumer | Consumer | One-to-four Family Residential | One-to-four Family Residential | Multi-family Residential | Multi-family Residential | Construction | Construction | Commercial | Commercial | Consumer | Consumer | |||||||||||||||||||||||
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Beginning balance | ' | ' | ' | ' | $1,697 | $2,160 | $1,352 | $1,823 | $194 | $172 | $9 | $1 | $131 | $153 | $11 | $11 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Provision | 255 | 585 | 810 | 925 | 810 | 1,443 | 714 | 1,426 | 12 | 22 | -2 | 8 | 86 | -14 | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Charge-offs | ' | ' | ' | ' | -360 | -1,937 | -319 | -1,928 | ' | ' | ' | ' | -39 | -8 | -2 | -1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Recoveries | ' | ' | ' | ' | 71 | 31 | 29 | 31 | ' | ' | ' | ' | 42 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Ending balance | ' | ' | ' | ' | 2,218 | 1,697 | 1,776 | 1,352 | 206 | 194 | 7 | 9 | 220 | 131 | 9 | 11 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 193 | ' | 183 | ' | 1 | ' | ' | ' | 9 | ' | ' | ' | 282 | ' | 282 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Collectively evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,288 | 1,284 | 856 | 939 | 205 | 194 | 7 | 9 | 211 | 131 | 9 | 11 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 455 | 413 | 455 | 413 | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Ending balance | ' | ' | ' | ' | 341,906 | 341,215 | 230,091 | 236,236 | 20,287 | 22,805 | 9,076 | 7,141 | 81,447 | 72,755 | 1,005 | 2,278 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Individually evaluated for impairment | ' | ' | ' | ' | 87,471 | [1] | 106,478 | [2] | 65,498 | [1] | 77,380 | [2] | 3,477 | [1] | 6,535 | [2] | ' | [1] | ' | [2] | 18,315 | [1] | 21,055 | [2] | 181 | [1] | 1,508 | [2] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Collectively evaluated for impairment | ' | ' | ' | ' | 243,676 | 223,910 | 160,521 | 155,676 | 16,450 | 15,214 | 9,076 | 7,141 | 56,807 | 45,109 | 822 | 770 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
Loans acquired with deteriorated credit quality | ' | ' | ' | ' | $10,759 | $10,827 | $4,072 | $3,180 | $360 | $1,056 | ' | ' | $6,325 | $6,591 | $2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||
[1] | Includes loans acquired from First Franklin with outstanding balances of $85,465 at September 30, 2014. | |||||||||||||||||||||||||||||||||||||||||||||||||||
[2] | Includes loans acquired from First Franklin with outstanding balances of $103,497 at December 31, 2013. |
Financing_Receivables_Allowanc1
Financing Receivables - Allowance for credit losses (Parentheticals) (Details 3) (Loans Receivable, USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Loans Receivable | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loans acquired First Franklin | $85,465 | $103,497 |
Financing_Receivables_Credit_r
Financing Receivables - Credit risk profile by internally assigned grade (Details 4) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Originated Loans Receivable | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | $245,682 | $226,891 |
Originated Loans Receivable | One-to-four Family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | 162,280 | 157,883 |
Originated Loans Receivable | Multi-family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | 16,544 | 15,309 |
Originated Loans Receivable | Construction | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | 9,076 | 7,141 |
Originated Loans Receivable | Commercial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | 56,960 | 45,788 |
Originated Loans Receivable | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | 822 | 770 |
Originated Loans Receivable | Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | 242,448 | 222,707 |
Originated Loans Receivable | Pass | One-to-four Family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | 160,169 | 155,364 |
Originated Loans Receivable | Pass | Multi-family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | 16,449 | 15,214 |
Originated Loans Receivable | Pass | Construction | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | 9,076 | 7,141 |
Originated Loans Receivable | Pass | Commercial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | 55,932 | 44,218 |
Originated Loans Receivable | Pass | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | 822 | 770 |
Originated Loans Receivable | Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | ' | ' |
Originated Loans Receivable | Special Mention | One-to-four Family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | ' | ' |
Originated Loans Receivable | Special Mention | Multi-family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | ' | ' |
Originated Loans Receivable | Special Mention | Construction | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | ' | ' |
Originated Loans Receivable | Special Mention | Commercial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | ' | ' |
Originated Loans Receivable | Special Mention | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | ' | ' |
Originated Loans Receivable | Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | 3,234 | 4,184 |
Originated Loans Receivable | Substandard | One-to-four Family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | 2,111 | 2,519 |
Originated Loans Receivable | Substandard | Multi-family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | 95 | 95 |
Originated Loans Receivable | Substandard | Construction | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | ' | ' |
Originated Loans Receivable | Substandard | Commercial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | 1,028 | 1,570 |
Originated Loans Receivable | Substandard | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | ' | ' |
Originated Loans Receivable | Doubtful | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | ' | ' |
Originated Loans Receivable | Doubtful | One-to-four Family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | ' | ' |
Originated Loans Receivable | Doubtful | Multi-family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | ' | ' |
Originated Loans Receivable | Doubtful | Construction | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | ' | ' |
Originated Loans Receivable | Doubtful | Commercial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | ' | ' |
Originated Loans Receivable | Doubtful | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | ' | ' |
Originated Loans Receivable | Loss | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | ' | ' |
Originated Loans Receivable | Loss | One-to-four Family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | ' | ' |
Originated Loans Receivable | Loss | Multi-family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | ' | ' |
Originated Loans Receivable | Loss | Construction | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | ' | ' |
Originated Loans Receivable | Loss | Commercial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | ' | ' |
Originated Loans Receivable | Loss | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Originated loans | ' | ' |
Purchased Loans Receivable | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | 96,224 | 114,324 |
Purchased Loans Receivable | One-to-four Family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | 67,811 | 78,353 |
Purchased Loans Receivable | Multi-family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | 3,743 | 7,496 |
Purchased Loans Receivable | Construction | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Purchased Loans Receivable | Commercial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | 24,487 | 26,967 |
Purchased Loans Receivable | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | 183 | 1,508 |
Purchased Loans Receivable | Pass | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | 88,914 | 108,472 |
Purchased Loans Receivable | Pass | One-to-four Family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | 64,549 | 74,410 |
Purchased Loans Receivable | Pass | Multi-family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | 3,743 | 7,496 |
Purchased Loans Receivable | Pass | Construction | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Purchased Loans Receivable | Pass | Commercial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | 20,540 | 25,076 |
Purchased Loans Receivable | Pass | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | 82 | 1,490 |
Purchased Loans Receivable | Special Mention | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Purchased Loans Receivable | Special Mention | One-to-four Family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Purchased Loans Receivable | Special Mention | Multi-family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Purchased Loans Receivable | Special Mention | Construction | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Purchased Loans Receivable | Special Mention | Commercial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Purchased Loans Receivable | Special Mention | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Purchased Loans Receivable | Substandard | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | 7,310 | 5,852 |
Purchased Loans Receivable | Substandard | One-to-four Family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | 3,262 | 3,943 |
Purchased Loans Receivable | Substandard | Multi-family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Purchased Loans Receivable | Substandard | Construction | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Purchased Loans Receivable | Substandard | Commercial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | 3,947 | 1,891 |
Purchased Loans Receivable | Substandard | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | 101 | 18 |
Purchased Loans Receivable | Doubtful | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Purchased Loans Receivable | Doubtful | One-to-four Family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Purchased Loans Receivable | Doubtful | Multi-family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Purchased Loans Receivable | Doubtful | Construction | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Purchased Loans Receivable | Doubtful | Commercial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Purchased Loans Receivable | Doubtful | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Purchased Loans Receivable | Loss | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Purchased Loans Receivable | Loss | One-to-four Family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Purchased Loans Receivable | Loss | Multi-family Residential | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Purchased Loans Receivable | Loss | Construction | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Purchased Loans Receivable | Loss | Commercial | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Purchased Loans Receivable | Loss | Consumer | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Purchased loans | ' | ' |
Financing_Receivables_Loans_by
Financing Receivables - Loans by delinquency, nonaccrual status and impaired loans (Details 5) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Originated loans | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
>30-89 Days Past Due | $335 | $1,915 |
Over 90 Days | 1,744 | 2,981 |
Total Past Due | 2,079 | 4,896 |
Current & Accruing | 243,212 | 221,995 |
Nonaccrual | 2,135 | 2,981 |
Originated loans | 245,682 | 226,891 |
Recorded Investment 90 Days and Accruing | ' | ' |
Originated loans | 1-4 family Residential | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
>30-89 Days Past Due | 330 | 1,915 |
Over 90 Days | 1,487 | 2,207 |
Total Past Due | 1,817 | 4,122 |
Current & Accruing | 160,072 | 153,761 |
Nonaccrual | 1,878 | 2,207 |
Originated loans | 162,280 | 157,883 |
Recorded Investment 90 Days and Accruing | ' | ' |
Originated loans | Multi-family Residential | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
>30-89 Days Past Due | ' | ' |
Over 90 Days | 95 | 95 |
Total Past Due | 95 | 95 |
Current & Accruing | 16,449 | 15,214 |
Nonaccrual | 95 | 95 |
Originated loans | 16,544 | 15,309 |
Recorded Investment 90 Days and Accruing | ' | ' |
Originated loans | Construction | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
>30-89 Days Past Due | ' | ' |
Over 90 Days | ' | ' |
Total Past Due | ' | ' |
Current & Accruing | 9,076 | 7,141 |
Nonaccrual | ' | ' |
Originated loans | 9,076 | 7,141 |
Recorded Investment 90 Days and Accruing | ' | ' |
Originated loans | Commercial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
>30-89 Days Past Due | ' | ' |
Over 90 Days | 162 | 679 |
Total Past Due | 162 | 679 |
Current & Accruing | 56,798 | 45,109 |
Nonaccrual | 162 | 679 |
Originated loans | 56,960 | 45,788 |
Recorded Investment 90 Days and Accruing | ' | ' |
Originated loans | Consumer | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
>30-89 Days Past Due | 5 | ' |
Over 90 Days | ' | ' |
Total Past Due | 5 | ' |
Current & Accruing | 817 | 770 |
Nonaccrual | ' | ' |
Originated loans | 822 | 770 |
Recorded Investment 90 Days and Accruing | ' | ' |
Purchased loans | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
>30-89 Days Past Due | 412 | 2,623 |
Over 90 Days | 3,353 | 3,981 |
Total Past Due | 3,765 | 6,604 |
Current & Accruing | 92,231 | 107,720 |
Nonaccrual | 3,581 | 3,981 |
Purchased loans | 96,224 | 114,324 |
Recorded Investment 90 Days and Accruing | ' | ' |
Purchased loans | 1-4 family Residential | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
>30-89 Days Past Due | 412 | 2,221 |
Over 90 Days | 2,736 | 3,287 |
Total Past Due | 3,148 | 5,508 |
Current & Accruing | 64,471 | 72,845 |
Nonaccrual | 2,928 | 3,287 |
Purchased loans | 67,811 | 78,353 |
Recorded Investment 90 Days and Accruing | ' | ' |
Purchased loans | Multi-family Residential | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
>30-89 Days Past Due | ' | 56 |
Over 90 Days | ' | ' |
Total Past Due | ' | 56 |
Current & Accruing | 3,743 | 7,440 |
Nonaccrual | ' | ' |
Purchased loans | 3,743 | 7,496 |
Recorded Investment 90 Days and Accruing | ' | ' |
Purchased loans | Construction | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
>30-89 Days Past Due | ' | ' |
Over 90 Days | ' | ' |
Total Past Due | ' | ' |
Current & Accruing | ' | ' |
Nonaccrual | ' | ' |
Purchased loans | ' | ' |
Recorded Investment 90 Days and Accruing | ' | ' |
Purchased loans | Commercial | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
>30-89 Days Past Due | ' | 336 |
Over 90 Days | 616 | 676 |
Total Past Due | 616 | 1,012 |
Current & Accruing | 23,935 | 25,955 |
Nonaccrual | 552 | 676 |
Purchased loans | 24,487 | 26,967 |
Recorded Investment 90 Days and Accruing | ' | ' |
Purchased loans | Consumer | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
>30-89 Days Past Due | ' | 10 |
Over 90 Days | 1 | 18 |
Total Past Due | 1 | 28 |
Current & Accruing | 82 | 1,480 |
Nonaccrual | 101 | 18 |
Purchased loans | 183 | 1,508 |
Recorded Investment 90 Days and Accruing | ' | ' |
Financing_Receivables_Impaired
Financing Receivables - Impaired Loans (Details 6) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 |
Loans Receivable | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Related Allowance | $475 | ' |
Recorded Investment | 15,580 | 16,470 |
Unpaid Principal Balance | 16,055 | 16,470 |
Average Recorded Investment | 16,026 | 18,539 |
Interest Income Recognized | 608 | 825 |
Purchased loans | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with related allowance | 1,199 | ' |
Unpaid Principal Balance, with related allowance | 1,467 | ' |
Related Allowance | 268 | ' |
Average Recorded Investment, with related allowance | 600 | 74 |
Interest Income Recognized, with related allowance | 14 | ' |
Purchased loans | With fair value discount | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with no related allowance | 10,724 | 10,827 |
Unpaid Principal Balance, with no related allowance | 10,724 | 10,827 |
Related Allowance, with no related allowance | ' | ' |
Average Recorded Investment, with no related allowance | 10,776 | 12,212 |
Interest Income Recognized, with no related allowance | 514 | 650 |
Recorded Investment, with related allowance | 21 | ' |
Unpaid Principal Balance, with related allowance | 35 | ' |
Related Allowance | 14 | ' |
Average Recorded Investment, with related allowance | 10 | ' |
Interest Income Recognized, with related allowance | ' | ' |
Purchased loans | With no fair value discount | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with no related allowance | 1,630 | 2,662 |
Unpaid Principal Balance, with no related allowance | 1,630 | 2,662 |
Related Allowance, with no related allowance | ' | ' |
Average Recorded Investment, with no related allowance | 2,146 | 2,213 |
Interest Income Recognized, with no related allowance | 47 | 108 |
Originated loans | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with no related allowance | 1,628 | 2,981 |
Unpaid Principal Balance, with no related allowance | 1,628 | 2,981 |
Related Allowance, with no related allowance | ' | ' |
Average Recorded Investment, with no related allowance | 2,305 | 3,479 |
Interest Income Recognized, with no related allowance | 29 | 67 |
Recorded Investment, with related allowance | 378 | ' |
Unpaid Principal Balance, with related allowance | 571 | ' |
Related Allowance | 193 | ' |
Average Recorded Investment, with related allowance | 189 | 554 |
Interest Income Recognized, with related allowance | 4 | ' |
1-4 Family Residential | Loans Receivable | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Related Allowance | 466 | ' |
Recorded Investment | 7,994 | 8,033 |
Unpaid Principal Balance | 8,460 | 8,033 |
Average Recorded Investment | 8,014 | 9,142 |
Interest Income Recognized | 249 | 331 |
1-4 Family Residential | Purchased loans | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with related allowance | 1,199 | ' |
Unpaid Principal Balance, with related allowance | 1,467 | ' |
Related Allowance | 268 | ' |
Average Recorded Investment, with related allowance | 600 | 74 |
Interest Income Recognized, with related allowance | 14 | ' |
1-4 Family Residential | Purchased loans | With fair value discount | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with no related allowance | 4,037 | 3,180 |
Unpaid Principal Balance, with no related allowance | 4,037 | 3,180 |
Related Allowance, with no related allowance | ' | ' |
Average Recorded Investment, with no related allowance | 3,609 | 3,556 |
Interest Income Recognized, with no related allowance | 172 | 192 |
Recorded Investment, with related allowance | 21 | ' |
Unpaid Principal Balance, with related allowance | 35 | ' |
Related Allowance | 14 | ' |
Average Recorded Investment, with related allowance | 10 | ' |
Interest Income Recognized, with related allowance | ' | ' |
1-4 Family Residential | Purchased loans | With no fair value discount | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with no related allowance | 978 | 2,646 |
Unpaid Principal Balance, with no related allowance | 978 | 2,646 |
Related Allowance, with no related allowance | ' | ' |
Average Recorded Investment, with no related allowance | 1,812 | 2,185 |
Interest Income Recognized, with no related allowance | 37 | 107 |
1-4 Family Residential | Originated loans | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with no related allowance | 1,513 | 2,207 |
Unpaid Principal Balance, with no related allowance | 1,513 | 2,207 |
Related Allowance, with no related allowance | ' | ' |
Average Recorded Investment, with no related allowance | 1,860 | 2,847 |
Interest Income Recognized, with no related allowance | 22 | 32 |
Recorded Investment, with related allowance | 246 | ' |
Unpaid Principal Balance, with related allowance | 430 | ' |
Related Allowance | 184 | ' |
Average Recorded Investment, with related allowance | 123 | 473 |
Interest Income Recognized, with related allowance | 4 | ' |
Multi-family Residential | Loans Receivable | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Related Allowance | 1 | ' |
Recorded Investment | 454 | 1,151 |
Unpaid Principal Balance | 455 | 1,151 |
Average Recorded Investment | 803 | 1,154 |
Interest Income Recognized | 18 | 22 |
Multi-family Residential | Purchased loans | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with related allowance | ' | ' |
Unpaid Principal Balance, with related allowance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment, with related allowance | ' | ' |
Interest Income Recognized, with related allowance | ' | ' |
Multi-family Residential | Purchased loans | With fair value discount | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with no related allowance | 360 | 1,056 |
Unpaid Principal Balance, with no related allowance | 360 | 1,056 |
Related Allowance, with no related allowance | ' | ' |
Average Recorded Investment, with no related allowance | 708 | 1,059 |
Interest Income Recognized, with no related allowance | 18 | 22 |
Recorded Investment, with related allowance | ' | ' |
Unpaid Principal Balance, with related allowance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment, with related allowance | ' | ' |
Interest Income Recognized, with related allowance | ' | ' |
Multi-family Residential | Purchased loans | With no fair value discount | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with no related allowance | ' | ' |
Unpaid Principal Balance, with no related allowance | ' | ' |
Related Allowance, with no related allowance | ' | ' |
Average Recorded Investment, with no related allowance | ' | ' |
Interest Income Recognized, with no related allowance | ' | ' |
Multi-family Residential | Originated loans | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with no related allowance | ' | 95 |
Unpaid Principal Balance, with no related allowance | ' | 95 |
Related Allowance, with no related allowance | ' | ' |
Average Recorded Investment, with no related allowance | 48 | 95 |
Interest Income Recognized, with no related allowance | ' | ' |
Recorded Investment, with related allowance | 94 | ' |
Unpaid Principal Balance, with related allowance | 95 | ' |
Related Allowance | 1 | ' |
Average Recorded Investment, with related allowance | 47 | ' |
Interest Income Recognized, with related allowance | ' | ' |
Construction | Loans Receivable | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Related Allowance | ' | ' |
Recorded Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
Average Recorded Investment | ' | ' |
Interest Income Recognized | ' | ' |
Construction | Purchased loans | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with related allowance | ' | ' |
Unpaid Principal Balance, with related allowance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment, with related allowance | ' | ' |
Interest Income Recognized, with related allowance | ' | ' |
Construction | Purchased loans | With fair value discount | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with no related allowance | ' | ' |
Unpaid Principal Balance, with no related allowance | ' | ' |
Related Allowance, with no related allowance | ' | ' |
Average Recorded Investment, with no related allowance | ' | ' |
Interest Income Recognized, with no related allowance | ' | ' |
Recorded Investment, with related allowance | ' | ' |
Unpaid Principal Balance, with related allowance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment, with related allowance | ' | ' |
Interest Income Recognized, with related allowance | ' | ' |
Construction | Purchased loans | With no fair value discount | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with no related allowance | ' | ' |
Unpaid Principal Balance, with no related allowance | ' | ' |
Related Allowance, with no related allowance | ' | ' |
Average Recorded Investment, with no related allowance | ' | ' |
Interest Income Recognized, with no related allowance | ' | ' |
Construction | Originated loans | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with no related allowance | ' | ' |
Unpaid Principal Balance, with no related allowance | ' | ' |
Related Allowance, with no related allowance | ' | ' |
Average Recorded Investment, with no related allowance | ' | ' |
Interest Income Recognized, with no related allowance | ' | ' |
Recorded Investment, with related allowance | ' | ' |
Unpaid Principal Balance, with related allowance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment, with related allowance | ' | ' |
Interest Income Recognized, with related allowance | ' | ' |
Commercial | Loans Receivable | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Related Allowance | 8 | ' |
Recorded Investment | 7,030 | 7,270 |
Unpaid Principal Balance | 7,038 | 7,270 |
Average Recorded Investment | 7,150 | 8,174 |
Interest Income Recognized | 339 | 471 |
Commercial | Purchased loans | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with related allowance | ' | ' |
Unpaid Principal Balance, with related allowance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment, with related allowance | ' | ' |
Interest Income Recognized, with related allowance | ' | ' |
Commercial | Purchased loans | With fair value discount | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with no related allowance | 6,325 | 6,591 |
Unpaid Principal Balance, with no related allowance | 6,325 | 6,591 |
Related Allowance, with no related allowance | ' | ' |
Average Recorded Investment, with no related allowance | 6,458 | 7,556 |
Interest Income Recognized, with no related allowance | 324 | 436 |
Recorded Investment, with related allowance | ' | ' |
Unpaid Principal Balance, with related allowance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment, with related allowance | ' | ' |
Interest Income Recognized, with related allowance | ' | ' |
Commercial | Purchased loans | With no fair value discount | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with no related allowance | 552 | ' |
Unpaid Principal Balance, with no related allowance | 552 | ' |
Related Allowance, with no related allowance | ' | ' |
Average Recorded Investment, with no related allowance | 276 | ' |
Interest Income Recognized, with no related allowance | 8 | ' |
Commercial | Originated loans | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with no related allowance | 115 | 679 |
Unpaid Principal Balance, with no related allowance | 115 | 679 |
Related Allowance, with no related allowance | ' | ' |
Average Recorded Investment, with no related allowance | 397 | 537 |
Interest Income Recognized, with no related allowance | 7 | 35 |
Recorded Investment, with related allowance | 38 | ' |
Unpaid Principal Balance, with related allowance | 46 | ' |
Related Allowance | 8 | ' |
Average Recorded Investment, with related allowance | 19 | 81 |
Interest Income Recognized, with related allowance | ' | ' |
Consumer | Loans Receivable | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Related Allowance | ' | ' |
Recorded Investment | 102 | 16 |
Unpaid Principal Balance | 102 | 16 |
Average Recorded Investment | 59 | 69 |
Interest Income Recognized | 2 | 1 |
Consumer | Purchased loans | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with related allowance | ' | ' |
Unpaid Principal Balance, with related allowance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment, with related allowance | ' | ' |
Interest Income Recognized, with related allowance | ' | ' |
Consumer | Purchased loans | With fair value discount | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with no related allowance | 2 | ' |
Unpaid Principal Balance, with no related allowance | 2 | ' |
Related Allowance, with no related allowance | ' | ' |
Average Recorded Investment, with no related allowance | 1 | 41 |
Interest Income Recognized, with no related allowance | ' | ' |
Recorded Investment, with related allowance | ' | ' |
Unpaid Principal Balance, with related allowance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment, with related allowance | ' | ' |
Interest Income Recognized, with related allowance | ' | ' |
Consumer | Purchased loans | With no fair value discount | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with no related allowance | 100 | 16 |
Unpaid Principal Balance, with no related allowance | 100 | 16 |
Related Allowance, with no related allowance | ' | ' |
Average Recorded Investment, with no related allowance | 58 | 28 |
Interest Income Recognized, with no related allowance | 2 | 1 |
Consumer | Originated loans | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, with no related allowance | ' | ' |
Unpaid Principal Balance, with no related allowance | ' | ' |
Related Allowance, with no related allowance | ' | ' |
Average Recorded Investment, with no related allowance | ' | ' |
Interest Income Recognized, with no related allowance | ' | ' |
Recorded Investment, with related allowance | ' | ' |
Unpaid Principal Balance, with related allowance | ' | ' |
Related Allowance | ' | ' |
Average Recorded Investment, with related allowance | ' | ' |
Interest Income Recognized, with related allowance | ' | ' |
Financing_Receivables_Modifica
Financing Receivables - Modifications as of date (Details 7) (Loans Receivable, USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 |
Contract | Contract | |
1-4 Family Residential | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of contracts | 5 | 4 |
Pre-Modification Outstanding Recorded Investment | $2,320 | $316 |
Post-Modification Outstanding Recorded Investment | 2,320 | 312 |
Subsequently defaulted, number of contracts | 5 | ' |
Subsequently defaulted, recorded investment | 724 | ' |
Multi-family Residential | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Subsequently defaulted, number of contracts | ' | ' |
Subsequently defaulted, recorded investment | ' | ' |
Construction | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Subsequently defaulted, number of contracts | ' | ' |
Subsequently defaulted, recorded investment | ' | ' |
Commercial | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of contracts | 1 | 4 |
Pre-Modification Outstanding Recorded Investment | 100 | 1,863 |
Post-Modification Outstanding Recorded Investment | 100 | 1,849 |
Subsequently defaulted, number of contracts | 1 | 1 |
Subsequently defaulted, recorded investment | 99 | 754 |
Consumer | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of contracts | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post-Modification Outstanding Recorded Investment | ' | ' |
Subsequently defaulted, number of contracts | ' | ' |
Subsequently defaulted, recorded investment | ' | ' |