Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2014 | Nov. 07, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'Pathfinder Bancorp, Inc. | ' |
Entity Central Index Key | '0001609065 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Entity Voluntary Filers | 'No | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 4,352,203 |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-14 | ' |
Consolidated_Statements_of_Con
Consolidated Statements of Condition (Unaudited) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
ASSETS: | ' | ' |
Cash and due from banks | $7,432 | $6,535 |
Interest earning deposits | 17,550 | 10,040 |
Total cash and cash equivalents | 24,982 | 16,575 |
Interest earning time deposits | 500 | 500 |
Available-for-sale securities, at fair value | 94,135 | 80,959 |
Held-to-maturity securities, at amortized cost (fair value of $43,629 and $34,222, respectively) | 42,477 | 34,412 |
Federal Home Loan Bank stock, at cost | 1,829 | 2,440 |
Loans | 374,257 | 341,633 |
Less: Allowance for loan losses | 5,171 | 5,041 |
Loans receivable, net | 369,086 | 336,592 |
Premises and equipment, net | 12,945 | 11,644 |
Accrued interest receivable | 1,865 | 1,715 |
Foreclosed real estate | 440 | 619 |
Intangible assets, net | 178 | 187 |
Goodwill | 4,367 | 4,367 |
Bank owned life insurance | 10,238 | 8,268 |
Other assets | 6,992 | 5,515 |
Total assets | 570,034 | 503,793 |
Deposits: | ' | ' |
Interest-bearing | 390,928 | 361,969 |
Noninterest-bearing | 92,101 | 48,171 |
Total deposits | 483,029 | 410,140 |
Short-term borrowings | 14,000 | 24,000 |
Long-term borrowings | 17,021 | 16,853 |
Junior subordinated debentures | 5,155 | 5,155 |
Accrued interest payable | 73 | 86 |
Other liabilities | 5,387 | 4,489 |
Total liabilities | 524,665 | 460,723 |
Shareholders' equity: | ' | ' |
Preferred stock - SBLF, par value $0.01 per share; $1,000 liquidation preference; 13,000 shares authorized; 13,000 shares issued and outstanding | 13,000 | 13,000 |
Common stock, par value $0.01; authorized 10,000,000 shares; 2,979,969 and 2,979,969 shares issued and 2,625,182 and 2,623,182 shares outstanding | 30 | 30 |
Additional paid in capital | 8,334 | 8,226 |
Retained earnings | 30,407 | 28,788 |
Accumulated other comprehensive loss | -1,330 | -1,745 |
Unearned ESOP | -743 | -826 |
Treasury stock, at cost; 354,787 and 356,787 shares, respectively | -4,735 | -4,761 |
Total Pathfinder Bancorp, Inc. shareholders' equity | 44,963 | 42,712 |
Noncontrolling interest | 406 | 358 |
Total equity | 45,369 | 43,070 |
Total liabilities and shareholders' equity | $570,034 | $503,793 |
Consolidated_Statements_of_Con1
Consolidated Statements of Condition (Unaudited) (Parenthetical) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
ASSETS: | ' | ' |
Held-to-maturity securities at fair value | $43,629,000 | $34,222,000 |
Shareholders' equity: | ' | ' |
Common stock, par value (in dollars per share) | $0.01 | $0.01 |
Common stock, shares authorized (in shares) | 10,000,000 | 10,000,000 |
Common stock, shares issued (in shares) | 2,979,969 | 2,979,969 |
Common stock, shares outstanding (in shares) | 2,625,182 | 2,623,182 |
Treasury stock, shares (in shares) | 354,787 | 356,787 |
Preferred Stock SBLF [Member] | ' | ' |
Shareholders' equity: | ' | ' |
Preferred stock, par value (in dollars per share) | $0.01 | $0.01 |
Preferred stock, liquidation preference | $1,000 | $1,000 |
Preferred stock, shares authorized (in shares) | 13,000 | 13,000 |
Preferred stock, shares issued (in shares) | 13,000 | 13,000 |
Preferred stock, shares outstanding (in shares) | 13,000 | 13,000 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (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 and dividend income: | ' | ' | ' | ' |
Loans, including fees | $4,344 | $4,057 | $12,512 | $12,298 |
Debt securities: | ' | ' | ' | ' |
Taxable | 473 | 399 | 1,360 | 1,181 |
Tax-exempt | 196 | 189 | 585 | 569 |
Dividends | 35 | 29 | 85 | 89 |
Interest earning time deposits | 2 | 5 | 6 | 16 |
Federal funds sold and interest earning deposits | 2 | 2 | 4 | 5 |
Total interest income | 5,052 | 4,681 | 14,552 | 14,158 |
Interest expense: | ' | ' | ' | ' |
Interest on deposits | 479 | 605 | 1,505 | 1,894 |
Interest on short-term borrowings | 28 | 23 | 68 | 40 |
Interest on long-term borrowings | 149 | 151 | 443 | 575 |
Total interest expense | 656 | 779 | 2,016 | 2,509 |
Net interest income | 4,396 | 3,902 | 12,536 | 11,649 |
Provision for loan losses | 410 | 216 | 930 | 816 |
Net interest income after provision for loan losses | 3,986 | 3,686 | 11,606 | 10,833 |
Noninterest income: | ' | ' | ' | ' |
Service charges on deposit accounts | 311 | 313 | 894 | 856 |
Earnings and gain on bank owned life insurance | 64 | 60 | 190 | 172 |
Loan servicing fees | 81 | 30 | 202 | 112 |
Net gains on sales and redemptions of investment securities | 3 | 17 | 29 | 116 |
Net gains on sales of loans and foreclosed real estate | 10 | 36 | 39 | 487 |
Debit card interchange fees | 127 | 114 | 369 | 341 |
Other charges, commissions & fees | 304 | 134 | 880 | 400 |
Total noninterest income | 900 | 704 | 2,603 | 2,484 |
Noninterest expense: | ' | ' | ' | ' |
Salaries and employee benefits | 2,141 | 2,033 | 6,526 | 5,884 |
Building occupancy | 421 | 382 | 1,193 | 1,109 |
Data processing | 367 | 356 | 1,131 | 1,067 |
Professional and other services | 160 | 178 | 508 | 502 |
Advertising | 141 | 146 | 372 | 393 |
FDIC assessments | 99 | 123 | 294 | 291 |
Audits and exams | 61 | 61 | 186 | 184 |
Other expenses | 422 | 388 | 1,273 | 1,343 |
Total noninterest expenses | 3,812 | 3,667 | 11,483 | 10,773 |
Income before income taxes | 1,074 | 723 | 2,726 | 2,544 |
Provision for income taxes | 317 | 195 | 767 | 688 |
Net income attributable to noncontrolling interest and Pathfinder Bancorp, Inc. | 757 | 528 | 1,959 | 1,856 |
Net income attributable to noncontrolling interest | 11 | 0 | 48 | 0 |
Net income attributable to Pathfinder Bancorp Inc. | 746 | 528 | 1,911 | 1,856 |
Preferred stock dividends | 33 | 0 | 63 | 0 |
Net income available to common shareholders | $713 | $528 | $1,848 | $1,856 |
Earnings per common share - basic (in dollars per share) | $0.28 | $0.21 | $0.73 | $0.74 |
Earnings per common share - diluted (in dollars per share) | $0.28 | $0.20 | $0.72 | $0.73 |
Dividends per common share (in dollars per share) | $0.03 | $0.03 | $0.09 | $0.09 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (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 | ||||
Consolidated Statements of Comprehensive Income (Unaudited) [Abstract] | ' | ' | ' | ' | ||||
Net income | $757 | $528 | $1,959 | $1,856 | ||||
Retirement Plans: | ' | ' | ' | ' | ||||
Net unrealized gains on retirement plans | 11 | 95 | 33 | 286 | ||||
Unrealized holding gains on financial derivative: | ' | ' | ' | ' | ||||
Change in unrealized holding gains (losses) on financial derivative | 2 | -10 | -6 | 2 | ||||
Reclassification adjustment for interest expense included in net income | 16 | 15 | 47 | 46 | ||||
Net unrealized gain on financial derivative | 18 | 5 | 41 | 48 | ||||
Unrealized holding (losses) gains on available-for-sale securities: | ' | ' | ' | ' | ||||
Unrealized holding (losses) gains arising during the period | -69 | 1,401 | 561 | -1,888 | ||||
Reclassification adjustment for net gains included in net income | -3 | -17 | -29 | -116 | ||||
Net unrealized (losses) gains on securities available-for-sale | -72 | 1,384 | 532 | -2,004 | ||||
Accretion of net unrealized loss on securities transferred to held-to-maturity | 30 | [1] | -1,332 | [1] | 90 | [1] | -1,332 | [1] |
Other comprehensive (loss) income, before tax | -13 | 152 | 696 | -3,002 | ||||
Tax effect | 3 | -56 | -281 | 1,201 | ||||
Other comprehensive (loss) income, net of tax | -10 | 96 | 415 | -1,801 | ||||
Comprehensive income | 747 | 624 | 2,374 | 55 | ||||
Comprehensive income attributable to noncontrolling interest | 11 | 0 | 48 | 0 | ||||
Comprehensive income attributable to Pathfinder Bancorp, Inc. | 736 | 624 | 2,326 | 55 | ||||
Tax Effect Allocated to Each Component of Other Comprehensive Income (Loss) | ' | ' | ' | ' | ||||
Retirement plan net losses recognized in plan expenses | -4 | -38 | -13 | -115 | ||||
Change in unrealized holding losses on financial derivative | -1 | 5 | 2 | 0 | ||||
Reclassification adjustment for interest expense included in net income | -6 | -6 | -19 | -18 | ||||
Unrealized holding gains (losses) arising during the period | 27 | -557 | -226 | 755 | ||||
Reclassification adjustment for net gains included in net income | 1 | 7 | 12 | 46 | ||||
Accretion of net unrealized loss on securities transferred to held-to-maturity | -14 | [1] | 533 | [1] | -37 | [1] | 533 | [1] |
Income tax effect related to other comprehensive income | $3 | ($56) | ($281) | $1,201 | ||||
[1] | The accretion of the unrealized holding losses in accumulated other comprehensive loss at the date of transfer partially offsets the amortization of the difference between the par value and the fair value of the investment securities at the date of transfer, and is an adjustment of yield. |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (USD $) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Loss [Member] | Unearned ESOP [Member] | Treasury Stock [Member] | Noncontrolling Interest [Member] | Total |
In Thousands | |||||||||
Balance at Dec. 31, 2012 | $13,000 | $30 | $8,120 | $26,685 | ($1,318) | ($936) | ($4,834) | $0 | $40,747 |
Net income | 0 | 0 | 0 | 1,856 | 0 | 0 | 0 | 0 | 1,856 |
Other comprehensive income (loss), net of tax | 0 | 0 | 0 | 0 | -1,801 | 0 | 0 | 0 | -1,801 |
ESOP shares earned | 0 | 0 | 38 | 0 | 0 | 83 | 0 | 0 | 121 |
Stock based compensation | 0 | 0 | 59 | 0 | 0 | 0 | 0 | 0 | 59 |
Stock options exercised | 0 | 0 | -6 | 0 | 0 | 0 | 6 | 0 | 0 |
Common stock dividends declared | 0 | 0 | 0 | -227 | 0 | 0 | 0 | 0 | -227 |
Balance at Sep. 30, 2013 | 13,000 | 30 | 8,211 | 28,314 | -3,119 | -853 | -4,828 | 0 | 40,755 |
Balance at Dec. 31, 2013 | 13,000 | 30 | 8,226 | 28,788 | -1,745 | -826 | -4,761 | 358 | 43,070 |
Net income | 0 | 0 | 0 | 1,911 | 0 | 0 | 0 | 48 | 1,959 |
Other comprehensive income (loss), net of tax | 0 | 0 | 0 | 0 | 415 | 0 | 0 | 0 | 415 |
Preferred stock dividends - SBLF | 0 | 0 | 0 | -63 | 0 | 0 | 0 | 0 | -63 |
ESOP shares earned | 0 | 0 | 53 | 0 | 0 | 83 | 0 | 0 | 136 |
Stock based compensation | 0 | 0 | 63 | 0 | 0 | 0 | 0 | 0 | 63 |
Stock options exercised | 0 | 0 | -8 | 0 | 0 | 0 | 26 | 0 | 18 |
Common stock dividends declared | 0 | 0 | 0 | -229 | 0 | 0 | 0 | 0 | -229 |
Balance at Sep. 30, 2014 | $13,000 | $30 | $8,334 | $30,407 | ($1,330) | ($743) | ($4,735) | $406 | $45,369 |
Consolidated_Statements_of_Cha1
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) [Abstract] | ' | ' |
ESOP shares earned (in shares) | 9,375 | 9,375 |
Common stock dividends declared, per share (in dollars per share) | $0.09 | $0.09 |
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 |
OPERATING ACTIVITIES | ' | ' |
Net income attributable to Pathfinder Bancorp, Inc. | $1,911 | $1,856 |
Adjustments to reconcile net income to net cash flows from operating activities: | ' | ' |
Provision for loan losses | 930 | 816 |
Proceeds from sales of loans | 0 | 11,456 |
Originations of loans held-for-sale | 0 | -11,016 |
Realized gains on sales and redemptions of: | ' | ' |
Real estate acquired through foreclosure | -39 | -47 |
Loans | 0 | -440 |
Available-for-sale investment securities | -29 | -116 |
Depreciation | 596 | 532 |
Amortization of mortgage servicing rights | 11 | -82 |
Amortization of deferred loan costs | 91 | 83 |
Earnings on bank owned life insurance | -190 | -170 |
Realized gain on proceeds from bank owned life insurance | 0 | -2 |
Net amortization of premiums and discounts on investment securities | 530 | 567 |
Amortization of intangible assets | 9 | 0 |
Stock based compensation and ESOP expense | 199 | 180 |
Net change in accrued interest receivable | -150 | -89 |
Net change in other assets and liabilities | -811 | 927 |
Net cash flows from operating activities | 3,058 | 4,455 |
INVESTING ACTIVITIES | ' | ' |
Purchase of investment securities available-for-sale | -27,099 | -34,861 |
Purchase of investment securities held-to-maturity | -8,767 | 0 |
Proceeds from maturities of interest earning time deposits | 0 | 500 |
Net proceeds from (purchases of) Federal Home Loan Bank stock | 611 | -984 |
Proceeds from maturities and principal reductions of investment securities available-for-sale | 13,545 | 18,353 |
Proceeds from maturities and principal reductions of investment securities held-to-maturity | 692 | 68 |
Proceeds from sales and redemptions of: | ' | ' |
Available-for-sale investment securities | 510 | 5,589 |
Real estate acquired through foreclosure | 667 | 324 |
Purchase of bank owned life insurance | -1,780 | 0 |
Proceeds from bank owned life insurance | 0 | 2 |
Net change in loans | -33,989 | -4,811 |
Purchase of premises and equipment | -1,897 | -607 |
Net cash flows from investing activities | -57,507 | -16,427 |
FINANCING ACTIVITIES | ' | ' |
Net change in demand deposits, NOW accounts, savings accounts, money management deposit accounts, MMDA accounts and escrow deposits | 52,925 | 21,953 |
Net change in time deposits and brokered deposits | 19,964 | -12,459 |
Net change in short-term borrowings | -10,000 | 15,000 |
Proceeds from long-term borrowings | 250 | 0 |
Payments on long-term borrowings | -82 | -9,083 |
Proceeds from exercise of stock options | 18 | 0 |
Cash dividends paid to preferred shareholder - SBLF | -31 | 0 |
Cash dividends paid to common shareholders | -236 | -83 |
Change in noncontrolling interest, net | 48 | -227 |
Net cash flows from financing activities | 62,856 | 15,101 |
Change in cash and cash equivalents | 8,407 | 3,129 |
Cash and cash equivalents at beginning of period | 16,575 | 8,665 |
Cash and cash equivalents at end of period | 24,982 | 11,794 |
CASH PAID DURING THE PERIOD FOR: | ' | ' |
Interest | 2,029 | 2,577 |
Income taxes | 331 | 668 |
NON-CASH INVESTING ACTIVITY | ' | ' |
Real estate acquired in exchange for loans | 474 | 170 |
Transfer of available-for-sale securities to held-to-maturity | $0 | $32,495 |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2014 | |
Basis of Presentation [Abstract] | ' |
Basis of Presentation | ' |
(1)Â Basis of Presentation | |
The accompanying unaudited consolidated financial statements of Pathfinder Bancorp, Inc., a federal corporation (the "Company"), Pathfinder Bank (the "Bank") and its other wholly owned subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information, the instructions for Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes necessary for a complete presentation of consolidated financial condition, results of operations and cash flows in conformity with generally accepted accounting principles. In the opinion of management, all adjustments, consisting of normal recurring accruals considered necessary for a fair presentation, have been included. Certain amounts in the 2013 consolidated financial statements may have been reclassified to conform to the current period presentation. These reclassifications had no effect on net income or comprehensive income as previously reported. | |
The Company's consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States and follow practices within the banking industry. Application of these principles requires management to make estimates, assumptions, and judgments that affect the amounts reported in the consolidated financial statements and accompanying notes. These estimates, assumptions, and judgments are based on information available as of the date of the financial statements; accordingly, as this information changes, the financial statements could reflect different estimates, assumptions, and judgments. Certain policies inherently have a greater reliance on the use of estimates, assumptions, and judgments and as such have a greater possibility of producing results that could be materially different than originally reported. Estimates, assumptions, and judgments are necessary when assets and liabilities are required to be recorded at fair value or when an asset or liability needs to be recorded contingent upon a future event. Carrying assets and liabilities at fair value inherently results in more financial statement volatility. The fair values and information used to record valuation adjustments for certain assets and liabilities are based on quoted market prices or are provided by other third-party sources, when available. When third party information is not available, valuation adjustments are estimated in good faith by management. | |
Although the Company owns, through its subsidiary Pathfinder Risk Management Company, Inc., 51% of the membership interest in FitzGibbons Agency, LLC ("Agency"), the Company is required to consolidate 100% of the Agency within the consolidated financial statements. The 49% of which the Company does not own is accounted for separately as noncontrolling interests within the consolidated financial statements. | |
On April 8, 2014, the Boards of Directors of the Company, Pathfinder Bancorp, MHC, Pathfinder Bancorp, Inc., a Maryland corporation ("New Pathfinder"), and the Bank unanimously adopted a Plan of Conversion of Pathfinder Bancorp, MHC pursuant to which Pathfinder Bancorp, MHC undertook a "second-step" conversion and now ceases to exist. The Bank reorganized from a two-tier mutual holding company structure to a fully public stock holding company structure effective October 16, 2014, and, as a result is now the wholly-owned subsidiary of New Pathfinder. Because the conversion occurred after September 30, 2014, the information included in this quarterly report is that of the Company. For further information on the plan of conversion and offering, see Note 25 of the Notes to the financial statements of the Company included in the New Pathfinder's registration statement, filed with the Securities and Exchange Commission on June 11, 2014. |
New_Accounting_Pronouncements
New Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2014 | |
New Accounting Pronouncements [Abstract] | ' |
New Accounting Pronouncements | ' |
(2)Â New Accounting Pronouncements | |
In August 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") ASU 2014-14 – Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310-40). This ASU addressed the classification of certain government-guaranteed mortgage loans upon foreclosure. Under certain government-sponsored loan guarantee programs, 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. Currently, there is diversity in practice related to how creditors classify government-guaranteed mortgage loans, including FHA or VA guaranteed loans, upon foreclosure. Some creditors reclassify those loans to real estate consistent with other foreclosed loans that do not have guarantees; others reclassify the loans to other receivables. The objective of this Update is to reduce that diversity by addressing the classification of certain foreclosed mortgage loans held by creditors that are either fully or partially guaranteed under government programs. Greater consistency in classification of such mortgage loans upon foreclosure is expected to provide more decision-useful information about a creditor's foreclosed mortgage loans that are expected to be recovered, at least in part, through government guarantees. The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The Company does not expect a material impact on its consolidated statements of condition, results of operations, or cash flows. |
Earnings_per_Common_Share
Earnings per Common Share | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Earnings per Common Share [Abstract] | ' | ||||||||||||||||
Earnings per Common Share | ' | ||||||||||||||||
(3)Â Earnings per Common Share | |||||||||||||||||
Basic earnings per share are calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Net income available to common shareholders is net income less the total of preferred dividends declared. Diluted earnings per share include the potential dilutive effect that could occur upon the assumed exercise of issued stock options that are not anti-dilutive using the treasury stock method. Anti-dilutive stock options, not included in the computation below, were 10,000 in the three and nine month periods ended September 30, 2014 and - and 35,000 in the three and nine month periods ended September 30, 2013, respectively. Unallocated common shares held by the ESOP are not included in the weighted-average number of common shares outstanding for purposes of calculating earnings per common share until they are committed to be released to plan participants. | |||||||||||||||||
The following table sets forth the calculation of basic and diluted earnings per share: | |||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
(In thousands, except per share data) | 2014 | 2013 | 2014 | 2013 | |||||||||||||
Basic Earnings Per Common Share | |||||||||||||||||
Net income available to common shareholders | $ | 713 | $ | 528 | $ | 1,848 | $ | 1,856 | |||||||||
Weighted average common shares outstanding | 2,537 | 2,518 | 2,533 | 2,515 | |||||||||||||
Basic earnings per common share | $ | 0.28 | $ | 0.21 | $ | 0.73 | $ | 0.74 | |||||||||
Diluted Earnings Per Common Share | |||||||||||||||||
Net income available to common shareholders | $ | 713 | $ | 528 | $ | 1,848 | $ | 1,856 | |||||||||
Weighted average common shares outstanding | 2,537 | 2,518 | 2,533 | 2,515 | |||||||||||||
Effect of assumed exercise of stock options | 26 | 21 | 25 | 13 | |||||||||||||
Diluted weighted average common shares outstanding | 2,563 | 2,539 | 2,558 | 2,528 | |||||||||||||
Diluted earnings per common share | $ | 0.28 | $ | 0.2 | $ | 0.72 | $ | 0.73 |
Investment_Securities
Investment Securities | 9 Months Ended | ||||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||||||
Investment Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||||||
Investment Securities | ' | ||||||||||||||||||||||||||||||||||||
(4) Investment Securities | |||||||||||||||||||||||||||||||||||||
The amortized cost and estimated fair value of investment securities are summarized as follows: | |||||||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||||||||||||||||||||||
(In thousands) | Cost | Gains | Losses | Value | |||||||||||||||||||||||||||||||||
Available-for-Sale Portfolio | |||||||||||||||||||||||||||||||||||||
Debt investment securities: | |||||||||||||||||||||||||||||||||||||
US Treasury, agencies and GSEs | $ | 18,900 | $ | 3 | $ | (184 | ) | $ | 18,719 | ||||||||||||||||||||||||||||
State and political subdivisions | 7,838 | 131 | (3 | ) | 7,966 | ||||||||||||||||||||||||||||||||
Corporate | 13,801 | 153 | (25 | ) | 13,929 | ||||||||||||||||||||||||||||||||
Residential mortgage-backed - US agency | 33,283 | 388 | (233 | ) | 33,438 | ||||||||||||||||||||||||||||||||
Collateralized mortgage obligations - US agency | 18,062 | 217 | (179 | ) | 18,100 | ||||||||||||||||||||||||||||||||
Total | 91,884 | 892 | (624 | ) | 92,152 | ||||||||||||||||||||||||||||||||
Equity investment securities: | |||||||||||||||||||||||||||||||||||||
Mutual funds: | |||||||||||||||||||||||||||||||||||||
Ultra short mortgage fund | 643 | 4 | - | 647 | |||||||||||||||||||||||||||||||||
Large cap equity fund | 456 | 216 | - | 672 | |||||||||||||||||||||||||||||||||
Other mutual funds | 183 | 194 | - | 377 | |||||||||||||||||||||||||||||||||
Common stock - financial services industry | 271 | 16 | - | 287 | |||||||||||||||||||||||||||||||||
Total | 1,553 | 430 | - | 1,983 | |||||||||||||||||||||||||||||||||
Total available-for-sale | $ | 93,437 | $ | 1,322 | $ | (624 | ) | $ | 94,135 | ||||||||||||||||||||||||||||
Held-to-Maturity Portfolio | |||||||||||||||||||||||||||||||||||||
Debt investment securities: | |||||||||||||||||||||||||||||||||||||
US Treasury, agencies and GSEs | $ | 4,827 | $ | 17 | $ | (4 | ) | $ | 4,840 | ||||||||||||||||||||||||||||
State and political subdivisions | 22,807 | 780 | (2 | ) | 23,585 | ||||||||||||||||||||||||||||||||
Corporate | 3,671 | 170 | - | 3,841 | |||||||||||||||||||||||||||||||||
Residential mortgage-backed - US agency | 8,275 | 112 | - | 8,387 | |||||||||||||||||||||||||||||||||
Collateralized mortgage obligations - US agency | 2,897 | 79 | - | 2,976 | |||||||||||||||||||||||||||||||||
Total held-to-maturity | $ | 42,477 | $ | 1,158 | $ | (6 | ) | $ | 43,629 | ||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||||||||||||||||||||||
(In thousands) | Cost | Gains | Losses | Value | |||||||||||||||||||||||||||||||||
Available-for-Sale Portfolio | |||||||||||||||||||||||||||||||||||||
Debt investment securities: | |||||||||||||||||||||||||||||||||||||
US Treasury, agencies and GSEs | $ | 16,935 | $ | 2 | $ | (340 | ) | $ | 16,597 | ||||||||||||||||||||||||||||
State and political subdivisions | 6,429 | 164 | (6 | ) | 6,587 | ||||||||||||||||||||||||||||||||
Corporate | 13,498 | 198 | - | 13,696 | |||||||||||||||||||||||||||||||||
Residential mortgage-backed - US agency | 22,231 | 332 | (424 | ) | 22,139 | ||||||||||||||||||||||||||||||||
Collateralized mortgage obligations - agency | 20,147 | 164 | (308 | ) | 20,003 | ||||||||||||||||||||||||||||||||
Total | 79,240 | 860 | (1,078 | ) | 79,022 | ||||||||||||||||||||||||||||||||
Equity investment securities: | |||||||||||||||||||||||||||||||||||||
Mutual funds: | |||||||||||||||||||||||||||||||||||||
Ultra short mortgage fund | 643 | 5 | - | 648 | |||||||||||||||||||||||||||||||||
Large cap equity fund | 456 | 195 | - | 651 | |||||||||||||||||||||||||||||||||
Other mutual funds | 183 | 162 | - | 345 | |||||||||||||||||||||||||||||||||
Common stock - financial services industry | 271 | 22 | - | 293 | |||||||||||||||||||||||||||||||||
Total | 1,553 | 384 | - | 1,937 | |||||||||||||||||||||||||||||||||
Total available-for-sale | $ | 80,793 | $ | 1,244 | $ | (1,078 | ) | $ | 80,959 | ||||||||||||||||||||||||||||
Held-to-Maturity Portfolio | |||||||||||||||||||||||||||||||||||||
Debt investment securities: | |||||||||||||||||||||||||||||||||||||
US Treasury, agencies and GSEs | $ | 1,872 | $ | - | $ | (25 | ) | $ | 1,847 | ||||||||||||||||||||||||||||
State and political subdivisions | 21,371 | 11 | (118 | ) | 21,264 | ||||||||||||||||||||||||||||||||
Corporate | 3,746 | 16 | (44 | ) | 3,718 | ||||||||||||||||||||||||||||||||
Residential mortgage-backed - US agency | 5,556 | - | (30 | ) | 5,526 | ||||||||||||||||||||||||||||||||
Collateralized mortgage obligations - agency | 1,867 | - | - | 1,867 | |||||||||||||||||||||||||||||||||
Total held-to-maturity | $ | 34,412 | $ | 27 | $ | (217 | ) | $ | 34,222 | ||||||||||||||||||||||||||||
The amortized cost and estimated fair value of debt investments at September 30, 2014 by contractual maturity are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties. | |||||||||||||||||||||||||||||||||||||
Available-for-Sale | Held-to-Maturity | ||||||||||||||||||||||||||||||||||||
Amortized | Estimated | Amortized | Estimated | ||||||||||||||||||||||||||||||||||
Cost | Fair Value | Cost | Fair Value | ||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Due in one year or less | $ | 4,891 | $ | 4,925 | $ | 185 | $ | 185 | |||||||||||||||||||||||||||||
Due after one year through five years | 30,645 | 30,763 | 4,908 | 4,910 | |||||||||||||||||||||||||||||||||
Due after five years through ten years | 5,003 | 4,926 | 16,635 | 17,037 | |||||||||||||||||||||||||||||||||
Due after ten years | - | - | 9,577 | 10,134 | |||||||||||||||||||||||||||||||||
Sub-total | 40,539 | 40,614 | 31,305 | 32,266 | |||||||||||||||||||||||||||||||||
Residential mortgage-backed - US agency | 33,283 | 33,438 | 8,275 | 8,387 | |||||||||||||||||||||||||||||||||
Collateralized mortgage obligations - US agency | 18,062 | 18,100 | 2,897 | 2,976 | |||||||||||||||||||||||||||||||||
Totals | $ | 91,884 | $ | 92,152 | $ | 42,477 | $ | 43,629 | |||||||||||||||||||||||||||||
The Company's investment securities' gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows: | |||||||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||||||
Less than Twelve Months | Twelve Months or More | Total | |||||||||||||||||||||||||||||||||||
Number of | Number of | Number of | |||||||||||||||||||||||||||||||||||
Individual | Unrealized | Fair | Individual | Unrealized | Fair | Individual | Unrealized | Fair | |||||||||||||||||||||||||||||
Securities | Losses | Value | Securities | Losses | Value | Securities | Losses | Value | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||||||||||
Available-for-Sale | |||||||||||||||||||||||||||||||||||||
US Treasury, agencies and GSE's | 3 | $ | (5 | ) | $ | 4,006 | 11 | $ | (179 | ) | $ | 11,810 | 14 | $ | (184 | ) | $ | 15,816 | |||||||||||||||||||
State and political subdivisions | 3 | (3 | ) | 1,045 | 1 | - | 91 | 4 | (3 | ) | 1,136 | ||||||||||||||||||||||||||
Corporate | 8 | (25 | ) | 4,999 | - | - | - | 8 | (25 | ) | 4,999 | ||||||||||||||||||||||||||
Residential mortgage-backed - US agency | 6 | (14 | ) | 7,428 | 7 | (219 | ) | 8,177 | 13 | (233 | ) | 15,605 | |||||||||||||||||||||||||
Collateralized mortgage obligations - US agency | 3 | (39 | ) | 2,795 | 5 | (140 | ) | 4,104 | 8 | (179 | ) | 6,899 | |||||||||||||||||||||||||
Totals | 23 | $ | (86 | ) | $ | 20,273 | 24 | $ | (538 | ) | $ | 24,182 | 47 | $ | (624 | ) | $ | 44,455 | |||||||||||||||||||
Held-to-Maturity | |||||||||||||||||||||||||||||||||||||
US Treasury, agencies and GSE's | 2 | $ | (4 | ) | $ | 1,976 | - | $ | - | $ | - | 2 | $ | (4 | ) | $ | 1,976 | ||||||||||||||||||||
State and political subdivisions | 1 | (2 | ) | 1,470 | - | - | - | 1 | (2 | ) | 1,470 | ||||||||||||||||||||||||||
Corporate | 1 | - | 311 | - | - | - | 1 | - | 311 | ||||||||||||||||||||||||||||
Residential mortgage-backed - US agency | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||
Collateralized mortgage obligations - US agency | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||
Totals | 4 | $ | (6 | ) | $ | 3,757 | - | $ | - | $ | - | 4 | $ | (6 | ) | $ | 3,757 | ||||||||||||||||||||
The Company conducts a formal review of investment securities on a quarterly basis for the presence of other-than-temporary impairment ("OTTI"). The Company assesses whether OTTI is present when the fair value of a debt security is less than its amortized cost basis at the statement of condition date. Under these circumstances, OTTI is considered to have occurred (1) if we intend to sell the security; (2) if it is "more likely than not" we will be required to sell the security before recovery of its amortized cost basis; or (3) the present value of expected cash flows is not anticipated to be sufficient to recover the entire amortized cost basis. The guidance requires that credit-related OTTI is recognized in earnings while non-credit-related OTTI on securities not expected to be sold is recognized in other comprehensive income ("OCI"). Non-credit-related OTTI is based on other factors, including illiquidity and changes in the general interest rate environment. Presentation of OTTI is made in the consolidated statement of income on a gross basis, including both the portion recognized in earnings as well as the portion recorded in OCI. The gross OTTI would then be offset by the amount of non-credit-related OTTI, showing the net as the impact on earnings. | |||||||||||||||||||||||||||||||||||||
Management does not believe any individual unrealized loss in the securities portfolio as of September 30, 2014 represents OTTI. All securities are rated A3 or better by Moody's or S&P, with the exception of two corporate securities. The agency and municipal securities have relatively insignificant unrealized loss positions ranging from 4.3% to 0.1% of their current book values. The unrealized losses reflected in the mortgage-backed security holdings and collateralized mortgage obligations are primarily attributable to changes in interest rates since the securities were acquired. The Company does not intend to sell these securities, nor is it more likely than not that the Company will be required to sell these securities prior to the recovery of the amortized cost. | |||||||||||||||||||||||||||||||||||||
In determining whether OTTI has occurred for equity securities, the Company considers the applicable factors described above and the length of time the equity security's fair value has been below the carrying amount. Management has determined that we have the intent and ability to retain the equity securities for a sufficient period of time to allow for recovery. All of the Company's equity securities had a fair value greater than the book value at September 30, 2014. | |||||||||||||||||||||||||||||||||||||
Gross realized gains (losses) on sales of securities for the indicated periods are detailed below: | |||||||||||||||||||||||||||||||||||||
For the three months | For the nine months | ||||||||||||||||||||||||||||||||||||
ended September 30, | ended September 30, | ||||||||||||||||||||||||||||||||||||
(In thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||||||||
Realized gains | $ | 3 | $ | 17 | $ | 29 | $ | 121 | |||||||||||||||||||||||||||||
Realized losses | - | - | - | (5 | ) | ||||||||||||||||||||||||||||||||
$ | 3 | $ | 17 | $ | 29 | $ | 116 | ||||||||||||||||||||||||||||||
As of September 30, 2014 and December 31, 2013, securities with a fair value of $62.2 million and $58.6 million, respectively, were pledged to collateralize certain municipal deposit relationships. As of the same dates, securities with a fair value of $19.9 million and $21.6 million were pledged against certain borrowing arrangements. | |||||||||||||||||||||||||||||||||||||
Management has reviewed its loan and mortgage-backed securities portfolios and determined that, to the best of its knowledge, little or no exposure exists to sub-prime or other high-risk residential mortgages. The Company is not in the practice of investing in, or originating, these types of investments or loans. |
Pension_and_Postretirement_Ben
Pension and Postretirement Benefits | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
Pension and Postretirement Benefits [Abstract] | ' | ||||||||||||||||||||||||||||||||
Pension and Postretirement Benefits | ' | ||||||||||||||||||||||||||||||||
(5)Â Pension and Postretirement Benefits | |||||||||||||||||||||||||||||||||
The Company had a non-contributory defined benefit pension plan that covered substantially all employees. On May 14, 2012, the Company informed its employees of its decision to freeze participation and benefit accruals under the plan, primarily to reduce some of the volatility in earnings that can accompany the maintenance of a defined benefit plan. The freeze became effective June 30, 2012. Compensation earned by employees up to June 30, 2012 is used for purposes of calculating benefits under the plan but there will be no future benefit accruals after this date. Participants as of June 30, 2012, who continue to be employed by the Bank continue to earn vesting credit with respect to their frozen accrued benefits. | |||||||||||||||||||||||||||||||||
Prior to being frozen, the plan provided defined benefits based on years of service and final average salary. Although the plan was frozen, the Company maintains the responsibility for funding the plan, and its funding practice is to contribute at least the minimum amount annually to meet minimum funding requirements. The funded status of the plan has and will continue to be affected by market conditions. The Company expects to continue to fund this plan on an as needed basis and does not foresee any issues or conditions that could negatively impact the payment of benefit obligations to plan participants. In addition, the Company provides certain health and life insurance benefits for eligible retired employees. The healthcare plan is contributory with participants' contributions adjusted annually; the life insurance plan is noncontributory. Employees with less than 14 years of service as of January 1, 1995, are not eligible for the health and life insurance retirement benefits. | |||||||||||||||||||||||||||||||||
The composition of net periodic pension plan and postretirement plan costs for the indicated periods is as follows: | |||||||||||||||||||||||||||||||||
Pension Benefits | Postretirement Benefits | Pension Benefits | Postretirement Benefits | ||||||||||||||||||||||||||||||
For the three months ended September 30, | For the nine months ended September 30, | ||||||||||||||||||||||||||||||||
(In thousands) | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Service cost | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||
Interest cost | 102 | 95 | 5 | 4 | 305 | 284 | 14 | 13 | |||||||||||||||||||||||||
Expected return on plan assets | (236 | ) | (214 | ) | - | - | (707 | ) | (640 | ) | - | - | |||||||||||||||||||||
Amortization of net losses | 8 | 90 | 3 | 5 | 23 | 270 | 10 | 15 | |||||||||||||||||||||||||
Net periodic benefit plan (benefit) cost | $ | (126 | ) | $ | (29 | ) | $ | 8 | $ | 9 | $ | (379 | ) | $ | (86 | ) | $ | 24 | $ | 28 | |||||||||||||
The Company will evaluate the need for further contributions to the defined benefit pension plan during 2014. The prepaid pension asset is recorded in other assets on the statement of condition as of September 30, 2014. |
Loans
Loans | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Loans [Abstract] | ' | ||||||||||||||||||||||||
Loans | ' | ||||||||||||||||||||||||
(6)Â Loans | |||||||||||||||||||||||||
Major classifications of loans at the indicated dates are as follows: | |||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||
(In thousands) | 2014 | 2013 | |||||||||||||||||||||||
Residential mortgage loans: | |||||||||||||||||||||||||
1-4 family first-lien residential mortgages | $ | 170,424 | $ | 166,298 | |||||||||||||||||||||
Construction | 1,896 | 1,982 | |||||||||||||||||||||||
Total residential mortgage loans | 172,320 | 168,280 | |||||||||||||||||||||||
Commercial loans: | |||||||||||||||||||||||||
Real estate | 119,453 | 95,536 | |||||||||||||||||||||||
Lines of credit | 16,568 | 14,444 | |||||||||||||||||||||||
Other commercial and industrial | 36,994 | 32,675 | |||||||||||||||||||||||
Municipal | 2,922 | 5,122 | |||||||||||||||||||||||
Total commercial loans | 175,937 | 147,777 | |||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||
Home equity and junior liens | 21,724 | 21,110 | |||||||||||||||||||||||
Other consumer | 4,061 | 4,166 | |||||||||||||||||||||||
Total consumer loans | 25,785 | 25,276 | |||||||||||||||||||||||
Total loans | 374,042 | 341,333 | |||||||||||||||||||||||
Net deferred loan costs | 215 | 300 | |||||||||||||||||||||||
Less allowance for loan losses | (5,171 | ) | (5,041 | ) | |||||||||||||||||||||
Loans receivable, net | $ | 369,086 | $ | 336,592 | |||||||||||||||||||||
The Company originates residential mortgage, commercial, and consumer loans largely to customers throughout Oswego and Onondaga counties. Although the Company has a diversified loan portfolio, a substantial portion of its borrowers' abilities to honor their loan contracts is dependent upon the counties' employment and economic conditions. | |||||||||||||||||||||||||
As of September 30, 2014 and December 31, 2013, residential mortgage loans with a carrying value of $120.2 million and $114.8 million, respectively, have been pledged by the Company to the Federal Home Loan Bank of New York ("FHLBNY") under a blanket collateral agreement to secure the Company's line of credit and term borrowings. | |||||||||||||||||||||||||
Loan Origination / Risk Management | |||||||||||||||||||||||||
The Company's lending policies and procedures are presented in Note 5 to the consolidated financial statements included in the 2013 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 17, 2014 as amended March 25, 2014 and have not changed. | |||||||||||||||||||||||||
To develop and document a systematic methodology for determining the allowance for loan losses, the Company has divided the loan portfolio into three portfolio segments, each with different risk characteristics but with similar methodologies for assessing risk.  Each portfolio segment is broken down into loan classes where appropriate. Loan classes contain unique measurement attributes, risk characteristics, and methods for monitoring and assessing risk that are necessary to develop the allowance for loan losses.  Unique characteristics such as borrower type, loan type, collateral type, and risk characteristics define each class.  | |||||||||||||||||||||||||
The following table illustrates the portfolio segments and classes for the Company's loan portfolio: | |||||||||||||||||||||||||
Portfolio Segment | Class | ||||||||||||||||||||||||
Residential Mortgage Loans | 1-4 family first-lien residential mortgages | ||||||||||||||||||||||||
Construction | |||||||||||||||||||||||||
Commercial Loans | Real estate | ||||||||||||||||||||||||
Lines of credit | |||||||||||||||||||||||||
Other commercial and industrial | |||||||||||||||||||||||||
Municipal | |||||||||||||||||||||||||
Consumer Loans | Home equity and junior liens | ||||||||||||||||||||||||
Other consumer | |||||||||||||||||||||||||
The following tables present the classes of the loan portfolio, not including net deferred loan costs, summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company's internal risk rating system as of the dates indicated: | |||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||
Special | |||||||||||||||||||||||||
(In thousands) | Pass | Mention | Substandard | Doubtful | Total | ||||||||||||||||||||
Residential mortgage loans: | |||||||||||||||||||||||||
1-4 family first-lien residential mortgages | $ | 164,786 | $ | 907 | $ | 3,561 | $ | 1,170 | $ | 170,424 | |||||||||||||||
Construction | 1,896 | - | - | - | 1,896 | ||||||||||||||||||||
Total residential mortgage loans | 166,682 | 907 | 3,561 | 1,170 | 172,320 | ||||||||||||||||||||
Commercial loans: | |||||||||||||||||||||||||
Real estate | 112,788 | 1,180 | 5,273 | 212 | 119,453 | ||||||||||||||||||||
Lines of credit | 15,295 | 403 | 864 | 6 | 16,568 | ||||||||||||||||||||
Other commercial and industrial | 35,598 | 447 | 919 | 30 | 36,994 | ||||||||||||||||||||
Municipal | 2,922 | - | - | - | 2,922 | ||||||||||||||||||||
Total commercial loans | 166,603 | 2,030 | 7,056 | 248 | 175,937 | ||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||
Home equity and junior liens | 20,712 | 342 | 564 | 106 | 21,724 | ||||||||||||||||||||
Other consumer | 4,004 | 10 | 47 | - | 4,061 | ||||||||||||||||||||
Total consumer loans | 24,716 | 352 | 611 | 106 | 25,785 | ||||||||||||||||||||
Total loans | $ | 358,001 | $ | 3,289 | $ | 11,228 | $ | 1,524 | $ | 374,042 | |||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||
Special | |||||||||||||||||||||||||
(In thousands) | Pass | Mention | Substandard | Doubtful | Total | ||||||||||||||||||||
Residential mortgage loans: | |||||||||||||||||||||||||
1-4 family first-lien residential mortgages | $ | 160,013 | $ | 1,649 | $ | 4,622 | $ | 14 | $ | 166,298 | |||||||||||||||
Construction | 1,982 | - | - | - | 1,982 | ||||||||||||||||||||
Total residential mortgage loans | 161,995 | 1,649 | 4,622 | 14 | 168,280 | ||||||||||||||||||||
Commercial loans: | |||||||||||||||||||||||||
Real estate | 90,162 | 918 | 4,456 | - | 95,536 | ||||||||||||||||||||
Lines of credit | 12,941 | 560 | 943 | - | 14,444 | ||||||||||||||||||||
Other commercial and industrial | 31,159 | 468 | 899 | 149 | 32,675 | ||||||||||||||||||||
Municipal | 5,122 | - | - | - | 5,122 | ||||||||||||||||||||
Total commercial loans | 139,384 | 1,946 | 6,298 | 149 | 147,777 | ||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||
Home equity and junior liens | 19,567 | 487 | 976 | 80 | 21,110 | ||||||||||||||||||||
Other consumer | 4,040 | 30 | 74 | 22 | 4,166 | ||||||||||||||||||||
Total consumer loans | 23,607 | 517 | 1,050 | 102 | 25,276 | ||||||||||||||||||||
Total loans | $ | 324,986 | $ | 4,112 | $ | 11,970 | $ | 265 | $ | 341,333 | |||||||||||||||
Management has reviewed its loan portfolio and determined that, to the best of its knowledge, no exposure exists to sub-prime or other high-risk residential mortgages. The Company is not in the practice of originating these types of loans. | |||||||||||||||||||||||||
Nonaccrual and Past Due Loans | |||||||||||||||||||||||||
Loans are placed on nonaccrual when the contractual payment of principal and interest has become 90 days past due or management has serious doubts about further collectability of principal or interest, even though the loan may be currently performing. | |||||||||||||||||||||||||
Loans are considered past due if the required principal and interest payments have not been received within thirty days of the payment due date. | |||||||||||||||||||||||||
An age analysis of past due loans, segregated by portfolio segment and class of loans, as of September 30, 2014 and December 31, 2013, are detailed in the following tables: | |||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||
30-59 Days | 60-89 Days | 90 Days | |||||||||||||||||||||||
Past Due | Past Due | and Over | Total | Total Loans | |||||||||||||||||||||
(In thousands) | And Accruing | And Accruing | Past Due | Current | Receivable | ||||||||||||||||||||
Residential mortgage loans: | |||||||||||||||||||||||||
1-4 family first-lien residential mortgages | $ | 2,018 | $ | 591 | $ | 2,028 | $ | 4,637 | $ | 165,787 | $ | 170,424 | |||||||||||||
Construction | - | - | - | - | 1,896 | 1,896 | |||||||||||||||||||
Total residential mortgage loans | 2,018 | 591 | 2,028 | 4,637 | 167,683 | 172,320 | |||||||||||||||||||
Commercial loans: | |||||||||||||||||||||||||
Real estate | 533 | 321 | 3,729 | 4,583 | 114,870 | 119,453 | |||||||||||||||||||
Lines of credit | 20 | 801 | 298 | 1,119 | 15,449 | 16,568 | |||||||||||||||||||
Other commercial and industrial | 664 | 571 | 1,132 | 2,367 | 34,627 | 36,994 | |||||||||||||||||||
Municipal | - | - | - | - | 2,922 | 2,922 | |||||||||||||||||||
Total commercial loans | 1,217 | 1,693 | 5,159 | 8,069 | 167,868 | 175,937 | |||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||
Home equity and junior liens | 289 | 52 | 243 | 584 | 21,140 | 21,724 | |||||||||||||||||||
Other consumer | 11 | - | 12 | 23 | 4,038 | 4,061 | |||||||||||||||||||
Total consumer loans | 300 | 52 | 255 | 607 | 25,178 | 25,785 | |||||||||||||||||||
Total loans | $ | 3,535 | $ | 2,336 | $ | 7,442 | $ | 13,313 | $ | 360,729 | $ | 374,042 | |||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||
30-59 Days | 60-89 Days | 90 Days | |||||||||||||||||||||||
Past Due | Past Due | and Over | Total | Total Loans | |||||||||||||||||||||
(In thousands) | And Accruing | And Accruing | Past Due | Current | Receivable | ||||||||||||||||||||
Residential mortgage loans: | |||||||||||||||||||||||||
1-4 family first-lien residential mortgages | $ | 2,213 | $ | 1,472 | $ | 2,194 | $ | 5,879 | $ | 160,419 | $ | 166,298 | |||||||||||||
Construction | - | - | - | - | 1,982 | 1,982 | |||||||||||||||||||
Total residential mortgage loans | 2,213 | 1,472 | 2,194 | 5,879 | 162,401 | 168,280 | |||||||||||||||||||
Commercial loans: | |||||||||||||||||||||||||
Real estate | 1,407 | 1,901 | 1,934 | 5,242 | 90,294 | 95,536 | |||||||||||||||||||
Lines of credit | 341 | 113 | 381 | 835 | 13,609 | 14,444 | |||||||||||||||||||
Other commercial and industrial | 2,045 | 1,289 | 394 | 3,728 | 28,947 | 32,675 | |||||||||||||||||||
Municipal | - | - | - | - | 5,122 | 5,122 | |||||||||||||||||||
Total commercial loans | 3,793 | 3,303 | 2,709 | 9,805 | 137,972 | 147,777 | |||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||
Home equity and junior liens | 954 | 281 | 402 | 1,637 | 19,473 | 21,110 | |||||||||||||||||||
Other consumer | 46 | 51 | 45 | 142 | 4,024 | 4,166 | |||||||||||||||||||
Total consumer loans | 1,000 | 332 | 447 | 1,779 | 23,497 | 25,276 | |||||||||||||||||||
Total loans | $ | 7,006 | $ | 5,107 | $ | 5,350 | $ | 17,463 | $ | 323,870 | $ | 341,333 | |||||||||||||
Nonaccrual loans, segregated by class of loan, were as follows: | |||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||
(In thousands) | 2014 | 2013 | |||||||||||||||||||||||
Residential mortgage loans: | |||||||||||||||||||||||||
1-4 family first-lien residential mortgages | $ | 2,028 | $ | 2,194 | |||||||||||||||||||||
2,028 | 2,194 | ||||||||||||||||||||||||
Commercial loans: | |||||||||||||||||||||||||
Real estate | 3,729 | 1,934 | |||||||||||||||||||||||
Lines of credit | 298 | 381 | |||||||||||||||||||||||
Other commercial and industrial | 1,132 | 394 | |||||||||||||||||||||||
5,159 | 2,709 | ||||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||
Home equity and junior liens | 243 | 402 | |||||||||||||||||||||||
Other consumer | 12 | 45 | |||||||||||||||||||||||
255 | 447 | ||||||||||||||||||||||||
Total nonaccrual loans | $ | 7,442 | $ | 5,350 | |||||||||||||||||||||
There were no loans past due ninety days or more and still accruing interest at September 30, 2014 or December 31, 2013. | |||||||||||||||||||||||||
The Company is required to disclose certain activities related to Troubled Debt Restructurings ("TDRs") in accordance with accounting guidance. Certain loans have been modified in a TDR where economic concessions have been granted to a borrower who is experiencing, or expected to experience, financial difficulties. These economic concessions could include a reduction in the loan interest rate, extension of payment terms, reduction of principal amortization, or other actions that it would not otherwise consider for a new loan with similar risk characteristics. | |||||||||||||||||||||||||
The Company is required to disclose new TDRs for each reporting period for which an income statement is being presented. The Company has determined that there was a new TDR with a recorded investment of $96,000 in the third quarter of 2014. The recorded investment is determined by the loan balance less the reserve associated with the loan. | |||||||||||||||||||||||||
The modification made within the commercial real estate loan class resulted in a pre-modification and post-modification recorded investment of $74,000 and $96,000, respectively. The post-modification recorded investment included the funding of escrow and closing costs as a result of the restructuring. Economic concessions granted included extended interest only payment terms and an additional $100,000 for working capital without an associated increase in collateral. The TDR resulted in a loan balance of $565,000 with a specific reserve of $469,000, resulting in a recorded investment of $96,000. The Company was required to increase the specific reserve against this loan by an additional $108,000 which was a component of the provision for loan losses in the third quarter of 2014. | |||||||||||||||||||||||||
The Company has determined that there were no payment defaults on this only TDR that occurred within the prior twelve months. | |||||||||||||||||||||||||
When the Company modifies a loan within a portfolio segment, a potential impairment is analyzed either based on the present value of the expected future cash flows discounted at the interest rate of the original loan terms or the fair value of the collateral less costs to sell. If it is determined that the value of the loan is less than its recorded investment, then impairment is recognized as a component of the provision for loan losses, an associated increase to the allowance for loan losses or as a charge-off to the allowance for loan losses in the current period. | |||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||
The following tables summarize impaired loan information by portfolio class at the indicated dates: | |||||||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||||||
Unpaid | Unpaid | ||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Principal | Related | ||||||||||||||||||||
(In thousands) | Investment | Balance | Allowance | Investment | Balance | Allowance | |||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||
1-4 family first-lien residential mortgages | $ | 1,266 | $ | 1,285 | $ | - | $ | 550 | $ | 550 | $ | - | |||||||||||||
Commercial real estate | 1,726 | 1,733 | - | 1,496 | 1,499 | - | |||||||||||||||||||
Commercial lines of credit | 193 | 217 | - | 196 | 196 | - | |||||||||||||||||||
Other commercial and industrial | 355 | 369 | - | 266 | 266 | - | |||||||||||||||||||
Home equity and junior liens | 2 | 2 | - | 294 | 294 | - | |||||||||||||||||||
Other consumer | - | - | - | - | - | - | |||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||
1-4 family first-lien residential mortgages | - | - | - | 402 | 402 | 59 | |||||||||||||||||||
Commercial real estate | 3,492 | 3,525 | 643 | 2,045 | 2,054 | 649 | |||||||||||||||||||
Commercial lines of credit | 95 | 95 | 95 | 185 | 200 | 135 | |||||||||||||||||||
Other commercial and industrial | 174 | 174 | 116 | 139 | 139 | 107 | |||||||||||||||||||
Home equity and junior liens | 363 | 363 | 33 | 165 | 165 | 84 | |||||||||||||||||||
Other consumer | 14 | 14 | 5 | 2 | 2 | 2 | |||||||||||||||||||
Total: | |||||||||||||||||||||||||
1-4 family first-lien residential mortgages | 1,266 | 1,285 | - | 952 | 952 | 59 | |||||||||||||||||||
Commercial real estate | 5,218 | 5,258 | 643 | 3,541 | 3,553 | 649 | |||||||||||||||||||
Commercial lines of credit | 288 | 312 | 95 | 381 | 396 | 135 | |||||||||||||||||||
Other commercial and industrial | 529 | 543 | 116 | 405 | 405 | 107 | |||||||||||||||||||
Home equity and junior liens | 365 | 365 | 33 | 459 | 459 | 84 | |||||||||||||||||||
Other consumer | 14 | 14 | 5 | 2 | 2 | 2 | |||||||||||||||||||
Totals | $ | 7,680 | $ | 7,777 | $ | 892 | $ | 5,740 | $ | 5,767 | $ | 1,036 | |||||||||||||
The following table presents the average recorded investment in impaired loans for the periods indicated: | |||||||||||||||||||||||||
For the three months ended | For the nine months ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
(In thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
1-4 family first-lien residential mortgages | $ | 1,289 | $ | 781 | $ | 1,221 | $ | 1,521 | |||||||||||||||||
Commercial real estate | 5,239 | 3,949 | 4,855 | 3,621 | |||||||||||||||||||||
Commercial lines of credit | 378 | 418 | 403 | 412 | |||||||||||||||||||||
Other commercial and industrial | 517 | 674 | 511 | 767 | |||||||||||||||||||||
Home equity and junior liens | 369 | 467 | 412 | 525 | |||||||||||||||||||||
Other consumer | 15 | 2 | 8 | 3 | |||||||||||||||||||||
Total | $ | 7,807 | $ | 6,291 | $ | 7,410 | $ | 6,849 | |||||||||||||||||
The following table presents the cash basis interest income recognized on impaired loans for the periods indicated: | |||||||||||||||||||||||||
For the three months ended | For the nine months ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
(In thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
1-4 family first-lien residential mortgages | $ | 4 | $ | 10 | $ | 13 | $ | 23 | |||||||||||||||||
Commercial real estate | 59 | 79 | 114 | 151 | |||||||||||||||||||||
Commercial lines of credit | 4 | 2 | 5 | 13 | |||||||||||||||||||||
Other commercial and industrial | 13 | 8 | 33 | 20 | |||||||||||||||||||||
Home equity and junior liens | 4 | 6 | 10 | 24 | |||||||||||||||||||||
Other consumer | - | - | - | - | |||||||||||||||||||||
Total | $ | 84 | $ | 105 | $ | 175 | $ | 231 |
Allowance_for_Loan_Losses
Allowance for Loan Losses | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Allowance for Loan Losses [Abstract] | ' | ||||||||||||||||||||
Allowance for Loan Losses | ' | ||||||||||||||||||||
(7)Â Â Allowance for Loan Losses | |||||||||||||||||||||
Summarized in the tables below are changes in the allowance for loan losses for the indicated periods and information pertaining to the allocation of the allowance for loan losses, balances of the allowance for loan losses, loans receivable based on individual, and collective impairment evaluation by loan portfolio class. An allocation of a portion of the allowance to a given portfolio class does not limit the Company's ability to absorb losses in another portfolio class. | |||||||||||||||||||||
For the three months ended September 30, 2014 | |||||||||||||||||||||
1-4 family | |||||||||||||||||||||
first-lien | Residential | Other | |||||||||||||||||||
residential | construction | Commercial | Commercial | commercial | |||||||||||||||||
(In thousands) | mortgage | mortgage | real estate | lines of credit | and industrial | ||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||
Beginning Balance | $ | 491 | $ | - | $ | 2,624 | $ | 554 | $ | 851 | |||||||||||
   Charge-offs | (26 | ) | - | (256 | ) | (79 | ) | - | |||||||||||||
   Recoveries | - | - | - | - | 3 | ||||||||||||||||
   Provisions | 48 | - | 345 | (28 | ) | 46 | |||||||||||||||
Ending balance | $ | 513 | $ | - | $ | 2,713 | $ | 447 | $ | 900 | |||||||||||
Ending balance: related to loans | |||||||||||||||||||||
individually evaluated for impairment | - | - | 643 | 95 | 116 | ||||||||||||||||
Ending balance: related to loans | |||||||||||||||||||||
collectively evaluated for impairment | $ | 513 | $ | - | $ | 2,070 | $ | 352 | $ | 784 | |||||||||||
Loans receivables: | |||||||||||||||||||||
Ending balance | $ | 170,424 | $ | 1,896 | $ | 119,453 | $ | 16,568 | $ | 36,994 | |||||||||||
Ending balance: individually | |||||||||||||||||||||
evaluated for impairment | 1,266 | - | 5,218 | 288 | 529 | ||||||||||||||||
Ending balance: collectively | |||||||||||||||||||||
evaluated for impairment | $ | 169,158 | $ | 1,896 | $ | 114,235 | $ | 16,280 | $ | 36,465 | |||||||||||
Home equity | Other | ||||||||||||||||||||
Municipal | and junior liens | Consumer | Unallocated | Total | |||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||
Beginning Balance | $ | 1 | $ | 422 | $ | 109 | $ | 114 | $ | 5,166 | |||||||||||
   Charge-offs | - | (31 | ) | (24 | ) | - | (416 | ) | |||||||||||||
   Recoveries | - | 1 | 7 | - | 11 | ||||||||||||||||
   Provisions | - | (17 | ) | 7 | 9 | 410 | |||||||||||||||
Ending balance | $ | 1 | $ | 375 | $ | 99 | $ | 123 | $ | 5,171 | |||||||||||
Ending balance: related to loans | |||||||||||||||||||||
individually evaluated for impairment | - | 33 | 5 | - | 892 | ||||||||||||||||
Ending balance: related to loans | |||||||||||||||||||||
collectively evaluated for impairment | $ | 1 | $ | 342 | $ | 94 | $ | 123 | $ | 4,279 | |||||||||||
Loans receivables: | |||||||||||||||||||||
Ending balance | $ | 2,922 | $ | 21,724 | $ | 4,061 | $ | 374,042 | |||||||||||||
Ending balance: individually | |||||||||||||||||||||
evaluated for impairment | - | 365 | 14 | 7,680 | |||||||||||||||||
Ending balance: collectively | |||||||||||||||||||||
evaluated for impairment | $ | 2,922 | $ | 21,359 | $ | 4,047 | $ | 366,362 | |||||||||||||
For the nine months ended September 30, 2014 | |||||||||||||||||||||
1-4 family | |||||||||||||||||||||
first-lien | Residential | Other | |||||||||||||||||||
residential | construction | Commercial | Commercial | commercial | |||||||||||||||||
(In thousands) | mortgage | mortgage | real estate | lines of credit | and industrial | ||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||
Beginning Balance | $ | 649 | $ | - | $ | 2,302 | $ | 397 | $ | 834 | |||||||||||
   Charge-offs | (68 | ) | - | (303 | ) | (164 | ) | (153 | ) | ||||||||||||
   Recoveries | 1 | - | - | 3 | 6 | ||||||||||||||||
   Provisions | (69 | ) | - | 714 | 211 | 213 | |||||||||||||||
Ending balance | $ | 513 | $ | - | $ | 2,713 | $ | 447 | $ | 900 | |||||||||||
Home equity | Other | ||||||||||||||||||||
Municipal | and junior liens | consumer | Unallocated | Total | |||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||
Beginning Balance | $ | 2 | $ | 433 | $ | 136 | $ | 288 | $ | 5,041 | |||||||||||
   Charge-offs | - | (81 | ) | (84 | ) | - | (853 | ) | |||||||||||||
   Recoveries | - | 1 | 42 | - | 53 | ||||||||||||||||
   Provisions | (1 | ) | 22 | 5 | (165 | ) | 930 | ||||||||||||||
Ending balance | $ | 1 | $ | 375 | $ | 99 | $ | 123 | $ | 5,171 | |||||||||||
For the three months ended September 30, 2013 | |||||||||||||||||||||
1-4 family | |||||||||||||||||||||
first-lien | Residential | Other | |||||||||||||||||||
residential | construction | Commercial | Commercial | commercial | |||||||||||||||||
(In thousands) | mortgage | mortgage | real estate | lines of credit | and industrial | ||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||
Beginning Balance | $ | 585 | $ | - | $ | 2,055 | $ | 418 | $ | 1,045 | |||||||||||
   Charge-offs | - | - | - | - | (14 | ) | |||||||||||||||
   Recoveries | 24 | - | - | 21 | - | ||||||||||||||||
   Provisions | 25 | - | 295 | (73 | ) | (43 | ) | ||||||||||||||
Ending balance | $ | 634 | $ | - | $ | 2,350 | $ | 366 | $ | 988 | |||||||||||
Ending balance: related to loans | |||||||||||||||||||||
individually evaluated for impairment | 61 | - | 679 | 100 | 232 | ||||||||||||||||
Ending balance: related to loans | |||||||||||||||||||||
collectively evaluated for impairment | $ | 573 | $ | - | $ | 1,671 | $ | 266 | $ | 756 | |||||||||||
Loans receivables: | |||||||||||||||||||||
Ending balance | $ | 165,363 | $ | 1,694 | $ | 94,078 | $ | 13,701 | $ | 33,037 | |||||||||||
Ending balance: individually | |||||||||||||||||||||
evaluated for impairment | 982 | - | 4,056 | 382 | 537 | ||||||||||||||||
Ending balance: collectively | |||||||||||||||||||||
evaluated for impairment | $ | 164,381 | $ | 1,694 | $ | 90,022 | $ | 13,319 | $ | 32,500 | |||||||||||
Home equity | Other | ||||||||||||||||||||
Municipal | and junior liens | Consumer | Unallocated | Total | |||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||
Beginning Balance | $ | 3 | $ | 454 | $ | 135 | $ | 169 | $ | 4,864 | |||||||||||
   Charge-offs | - | - | (36 | ) | - | (50 | ) | ||||||||||||||
   Recoveries | - | - | 10 | - | 55 | ||||||||||||||||
   Provisions | (1 | ) | (9 | ) | 23 | (1 | ) | 216 | |||||||||||||
Ending balance | $ | 2 | $ | 445 | $ | 132 | $ | 168 | $ | 5,085 | |||||||||||
Ending balance: related to loans | |||||||||||||||||||||
individually evaluated for impairment | - | 85 | 2 | - | 1,159 | ||||||||||||||||
Ending balance: related to loans | |||||||||||||||||||||
collectively evaluated for impairment | $ | 2 | $ | 360 | $ | 130 | $ | 168 | $ | 3,926 | |||||||||||
Loans receivables: | |||||||||||||||||||||
Ending balance | $ | 4,968 | $ | 20,917 | $ | 4,009 | $ | 337,767 | |||||||||||||
Ending balance: individually | |||||||||||||||||||||
evaluated for impairment | - | 464 | 2 | 6,423 | |||||||||||||||||
Ending balance: collectively | |||||||||||||||||||||
evaluated for impairment | $ | 4,968 | $ | 20,453 | $ | 4,007 | $ | 331,344 | |||||||||||||
For the nine months ended September 30, 2013 | |||||||||||||||||||||
1-4 family | |||||||||||||||||||||
first-lien | Residential | Other | |||||||||||||||||||
residential | construction | Commercial | Commercial | commercial | |||||||||||||||||
(In thousands) | mortgage | mortgage | real estate | lines of credit | and industrial | ||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||
Beginning Balance | $ | 811 | $ | - | $ | 1,748 | $ | 440 | $ | 750 | |||||||||||
   Charge-offs | (104 | ) | - | - | (49 | ) | (29 | ) | |||||||||||||
   Recoveries | 37 | - | - | 21 | - | ||||||||||||||||
   Provisions | (110 | ) | - | 602 | (46 | ) | 267 | ||||||||||||||
Ending balance | $ | 634 | $ | - | $ | 2,350 | $ | 366 | $ | 988 | |||||||||||
Home equity | Other | ||||||||||||||||||||
Municipal | and junior liens | consumer | Unallocated | Total | |||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||
Beginning Balance | $ | 2 | $ | 494 | $ | 168 | $ | 88 | $ | 4,501 | |||||||||||
   Charge-offs | - | (81 | ) | (75 | ) | - | (338 | ) | |||||||||||||
   Recoveries | - | 13 | 35 | - | 106 | ||||||||||||||||
   Provisions | - | 19 | 4 | 80 | 816 | ||||||||||||||||
Ending balance | $ | 2 | $ | 445 | $ | 132 | $ | 168 | $ | 5,085 |
Guarantees
Guarantees | 9 Months Ended |
Sep. 30, 2014 | |
Guarantees [Abstract] | ' |
Guarantees | ' |
(8)Â Guarantees | |
The Company does not issue any guarantees that would require liability recognition or disclosure, other than its standby letters of credit. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Generally, all letters of credit when issued have expiration dates within one year of issuance. The credit risk involved in issuing letters of credit is essentially the same as those that are involved in extending loan facilities to customers. The Company generally holds collateral and/or personal guarantees supporting these commitments. The Company had $4.6 million of standby letters of credit outstanding as of September 30, 2014. Management believes that the proceeds obtained through a liquidation of collateral and the enforcement of guarantees would be sufficient to cover the potential amount of future payments required under the corresponding guarantees.  The fair value of standby letters of credit was not significant to the Company's consolidated financial statements. |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Fair Value Measurements [Abstract] | ' | ||||||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||||||
(9)Â Fair Value Measurements | |||||||||||||||||||||
Accounting guidance related to fair value measurements and disclosures specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company's market assumptions. These two types of inputs have created the following fair value hierarchy: | |||||||||||||||||||||
Level 1 – Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. | |||||||||||||||||||||
Level 2 – Quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. | |||||||||||||||||||||
Level 3 – Model-derived valuations in which one or more significant inputs or significant value drivers are unobservable. | |||||||||||||||||||||
An asset's or liability's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. | |||||||||||||||||||||
In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs, minimize the use of unobservable inputs, to the extent possible, and considers counterparty credit risk in its assessment of fair value. | |||||||||||||||||||||
The Company used the following methods and significant assumptions to estimate fair value: | |||||||||||||||||||||
Investment securities: The fair values of securities available-for-sale are obtained from an independent third party and are based on quoted prices on nationally recognized securities exchanges where available (Level 1). If quoted prices are not available, fair values are measured by utilizing matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for specific securities but rather by relying on the securities' relationship to other benchmark quoted securities (Level 2). Management made no adjustment to the fair value quotes that were received from the independent third party pricing service. | |||||||||||||||||||||
Interest rate swap derivative: The fair value of the interest rate swap derivative is calculated based on a discounted cash flow model. All future floating cash flows are projected and both floating and fixed cash flows are discounted to the valuation date. The curve utilized for discounting and projecting is built by obtaining publicly available third party market quotes for various swap maturity terms. | |||||||||||||||||||||
Impaired loans: Impaired loans are those loans in which the Company has measured impairment based on the fair value of the loan's collateral or the discounted value of expected future cash flows. Fair value is generally determined based upon market value evaluations by third parties of the properties and/or estimates by management of working capital collateral or discounted cash flows based upon expected proceeds. These appraisals may include up to three approaches to value: the sales comparison approach, the income approach (for income-producing property), and the cost approach. Management modifies the appraised values, if needed, to take into account recent developments in the market or other factors, such as, changes in absorption rates or market conditions from the time of valuation and anticipated sales values considering management's plans for disposition. Such modifications to the appraised values could result in lower valuations of such collateral. Estimated costs to sell are based on current amounts of disposal costs for similar assets. These measurements are classified as Level 3 within the valuation hierarchy. Impaired loans are subject to nonrecurring fair value adjustment upon initial recognition or subsequent impairment. A portion of the allowance for loan losses is allocated to impaired loans if the value of such loans is deemed to be less than the unpaid balance. | |||||||||||||||||||||
Foreclosed real estate: Fair values for foreclosed real estate are initially recorded based on market value evaluations by third parties, less costs to sell ("initial cost basis"). Any write-downs required when the related loan receivable is exchanged for the underlying real estate collateral at the time of transfer to foreclosed real estate are charged to the allowance for loan losses. Values are derived from appraisals, similar to impaired loans, of underlying collateral or discounted cash flow analysis. Subsequent to foreclosure, valuations are updated periodically and assets are marked to current fair value, not to exceed the initial cost basis. In the determination of fair value subsequent to foreclosure, management also considers other factors or recent developments, such as, changes in absorption rates and market conditions from the time of valuation and anticipated sales values considering management's plans for disposition. Either change could result in adjustment to lower the property value estimates indicated in the appraisals. These measurements are classified as Level 3 within the fair value hierarchy. | |||||||||||||||||||||
The following tables summarize assets measured at fair value on a recurring basis as of the indicated dates, segregated by the level of valuation inputs within the hierarchy utilized to measure fair value: | |||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||
Total Fair | |||||||||||||||||||||
(In thousands) | Level 1 | Level 2 | Level 3 | Value | |||||||||||||||||
Available-for-sale portfolio | |||||||||||||||||||||
Debt investment securities: | |||||||||||||||||||||
US Treasury, agencies and GSEs | $ | - | $ | 18,719 | $ | - | $ | 18,719 | |||||||||||||
State and political subdivisions | - | 7,966 | - | 7,966 | |||||||||||||||||
Corporate | - | 13,929 | - | 13,929 | |||||||||||||||||
Residential mortgage-backed - US agency | - | 33,438 | - | 33,438 | |||||||||||||||||
Collateralized mortgage obligations - US agency | - | 18,100 | - | 18,100 | |||||||||||||||||
Equity investment securities: | |||||||||||||||||||||
Mutual funds: | |||||||||||||||||||||
Ultra short mortgage fund | 647 | - | - | 647 | |||||||||||||||||
Large cap equity fund | 672 | - | - | 672 | |||||||||||||||||
Other mutual funds | - | 377 | - | 377 | |||||||||||||||||
Common stock - financial services industry | 37 | 250 | - | 287 | |||||||||||||||||
Total available-for-sale securities | $ | 1,356 | $ | 92,779 | $ | - | $ | 94,135 | |||||||||||||
Interest rate swap derivative | $ | - | $ | (94 | ) | $ | - | $ | (94 | ) | |||||||||||
31-Dec-13 | |||||||||||||||||||||
Total Fair | |||||||||||||||||||||
(In thousands) | Level 1 | Level 2 | Level 3 | Value | |||||||||||||||||
Available-for-sale portfolio | |||||||||||||||||||||
Debt investment securities: | |||||||||||||||||||||
US Treasury, agencies and GSEs | $ | - | $ | 16,597 | $ | - | $ | 16,597 | |||||||||||||
State and political subdivisions | - | 6,587 | - | 6,587 | |||||||||||||||||
Corporate | - | 13,696 | - | 13,696 | |||||||||||||||||
Residential mortgage-backed - US agency | - | 22,139 | - | 22,139 | |||||||||||||||||
Collateralized mortgage obligations - US agency | - | 20,003 | - | 20,003 | |||||||||||||||||
Equity investment securities: | |||||||||||||||||||||
Mutual funds: | |||||||||||||||||||||
Ultra short mortgage fund | 648 | - | - | 648 | |||||||||||||||||
Large cap equity fund | 651 | - | - | 651 | |||||||||||||||||
Other mutual funds | - | 345 | - | 345 | |||||||||||||||||
Common stock - financial services industry | 42 | 251 | - | 293 | |||||||||||||||||
Total available-for-sale securities | $ | 1,341 | $ | 79,618 | $ | - | $ | 80,959 | |||||||||||||
Interest rate swap derivative | $ | - | $ | (135 | ) | $ | - | $ | (135 | ) | |||||||||||
Pathfinder Bank had the following assets measured at fair value on a nonrecurring basis as of September 30, 2014 and December 31, 2013: | |||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||
Total Fair | |||||||||||||||||||||
(In thousands) | Level 1 | Level 2 | Level 3 | Value | |||||||||||||||||
 Impaired loans | $ | - | $ | - | $ | 1,752 | $ | 1,752 | |||||||||||||
 Foreclosed real estate | $ | - | $ | - | $ | 99 | $ | 99 | |||||||||||||
31-Dec-13 | |||||||||||||||||||||
Total Fair | |||||||||||||||||||||
(In thousands) | Level 1 | Level 2 | Level 3 | Value | |||||||||||||||||
 Impaired loans | $ | - | $ | - | $ | 258 | $ | 258 | |||||||||||||
 Foreclosed real estate | $ | - | $ | - | $ | 69 | $ | 69 | |||||||||||||
The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which Level 3 inputs were used to determine fair value at the indicated dates. | |||||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
Valuation | Unobservable | Range | |||||||||||||||||||
Techniques | Input | (Weighted Avg.) | |||||||||||||||||||
At September 30, 2014 (Unaudited) | |||||||||||||||||||||
Impaired loans | Appraisal of collateral | Appraisal Adjustments | 5% - 30% (14%) | ||||||||||||||||||
(Sales Approach) | Costs to Sell | 4% - 50% (13%) | |||||||||||||||||||
(Discounted Cash Flow) | |||||||||||||||||||||
Foreclosed real estate | Appraisal of collateral | Appraisal Adjustments | Â 15% - 15% (15%) | ||||||||||||||||||
(Sales Approach) | Costs to Sell | Â 6% -Â Â 8%Â (7%) | |||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
Valuation | Unobservable | Range | |||||||||||||||||||
Techniques | Input | (Weighted Avg.) | |||||||||||||||||||
At December 31, 2013 | |||||||||||||||||||||
Impaired loans | Appraisal of collateral | Appraisal Adjustments | 5% - 30% (14%) | ||||||||||||||||||
(Sales Approach) | Costs to Sell | 6% - 50% (12%) | |||||||||||||||||||
Foreclosed real estate | Appraisal of collateral | Appraisal Adjustments | Â 15% - 15% (15%) | ||||||||||||||||||
(Sales Approach) | Costs to Sell | Â 6% -Â Â 7%Â (6%) | |||||||||||||||||||
There have been no transfers of assets into or out of any fair value measurement level during the quarter ended September 30, 2014. Required disclosures include fair value information of financial instruments, whether or not recognized in the consolidated statement of condition, for which it is practicable to estimate that value. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instrument. | |||||||||||||||||||||
The Company has various processes and controls in place to ensure that fair value is reasonably estimated. The Company performs due diligence procedures over third-party pricing service providers in order to support their use in the valuation process. | |||||||||||||||||||||
While the Company believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. | |||||||||||||||||||||
Management uses its best judgment in estimating the fair value of the Company's financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in a sales transaction on the dates indicated. The estimated fair value amounts have been measured as of their respective period-ends, and have not been re-evaluated or updated for purposes of these financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported at each period-end. | |||||||||||||||||||||
The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company's assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company's disclosures and those of other companies may not be meaningful. The Company, in estimating its fair value disclosures for financial instruments, used the following methods and assumptions: | |||||||||||||||||||||
Cash and cash equivalents – The carrying amounts of these assets approximate their fair value and are classified as Level 1. | |||||||||||||||||||||
Interest earning time deposits – The carrying amounts of these assets approximate their fair value and are classified as  Level 1. | |||||||||||||||||||||
Investment securities – The fair values of securities available-for-sale and held-to-maturity are obtained from an independent third party and are based on quoted prices on nationally recognized exchange where available (Level 1). If quoted prices are not available, fair values are measured by utilizing matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for specific securities, but rather by relying on the securities' relationship to other benchmark quoted securities (Level 2). Management made no adjustment to the fair value quotes that were received from the independent third party pricing service. | |||||||||||||||||||||
Federal Home Loan Bank stock – The carrying amount of these assets approximates their fair value and are classified as Level 2. | |||||||||||||||||||||
Net loans – For variable-rate loans that re-price frequently, fair value is based on carrying amounts. The fair value of other loans (for example, fixed-rate commercial real estate loans, mortgage loans, and commercial and industrial loans) is estimated using discounted cash flow analysis, based on interest rates currently being offered in the market for loans with similar terms to borrowers of similar credit quality. Loan value estimates include judgments based on expected prepayment rates. The measurement of the fair value of loans, including impaired loans, is classified within Level 3 of the fair value hierarchy. | |||||||||||||||||||||
Accrued interest receivable and payable – The carrying amount of these assets approximates their fair value and are classified as Level 1. | |||||||||||||||||||||
Deposits – The fair values disclosed for demand deposits (e.g., interest-bearing and noninterest-bearing checking, passbook savings and certain types of money management accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts) and are classified within Level 1 of the fair value hierarchy. Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered in the market on certificates of deposits to a schedule of aggregated expected monthly maturities on time deposits. Measurements of the fair value of time deposits are classified within Level 2 of the fair value hierarchy. | |||||||||||||||||||||
Borrowings – Fixed/variable term "bullet" structures are valued using a replacement cost of funds approach. These borrowings are discounted to the FHLBNY advance curve. Option structured borrowings' fair values are determined by the FHLB for borrowings that include a call or conversion option. If market pricing is not available from this source, current market indications from the FHLBNY are obtained and the borrowings are discounted to the FHLBNY advance curve less an appropriate spread to adjust for the option. These measurements are classified as Level 2 within the fair value hierarchy. | |||||||||||||||||||||
Junior subordinated debentures – The Company secures a quote from its pricing service based on a discounted cash flow methodology which results in a Level 2 classification for this borrowing. | |||||||||||||||||||||
Interest rate swap derivative – The fair value of the interest rate swap derivative is obtained from a third party pricing agent and is calculated based on a discounted cash flow model. All future floating cash flows are projected and both floating and fixed cash flows are discounted to the valuation date. The curve utilized for discounting and projecting is built by obtaining publicly available third party market quotes for various swap maturity terms, and therefore is classified within Level 2 of the fair value hierarchy. | |||||||||||||||||||||
The carrying amounts and fair values of the Company's financial instruments as of the indicated dates are presented in the following table: | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
Fair Value | Carrying | Estimated | Carrying | Estimated | |||||||||||||||||
(Dollars In thousands) | Hierarchy | Amounts | Fair Values | Amounts | Fair Values | ||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | 1 | $ | 24,982 | $ | 24,982 | $ | 16,575 | $ | 16,575 | ||||||||||||
Interest earning time deposits | 1 | 500 | 500 | 500 | 500 | ||||||||||||||||
Investment securities - available-for-sale | 1 | 1,356 | 1,356 | 1,341 | 1,341 | ||||||||||||||||
Investment securities - available-for-sale | 2 | 92,779 | 92,779 | 79,618 | 79,618 | ||||||||||||||||
Investment securities - held-to-maturity | 2 | 42,477 | 43,629 | 34,412 | 34,222 | ||||||||||||||||
Federal Home Loan Bank stock | 2 | 1,829 | 1,829 | 2,440 | 2,440 | ||||||||||||||||
Net loans | 3 | 369,086 | 375,006 | 336,592 | 343,660 | ||||||||||||||||
Accrued interest receivable | 1 | 1,865 | 1,865 | 1,715 | 1,715 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Demand Deposits, Savings, NOW and MMDA | 1 | $ | 311,491 | $ | 311,491 | $ | 250,248 | $ | 250,248 | ||||||||||||
Time Deposits | 2 | 171,538 | 171,326 | 159,892 | 160,201 | ||||||||||||||||
Borrowings | 2 | 31,021 | 31,264 | 40,853 | 41,255 | ||||||||||||||||
Junior subordinated debentures | 2 | 5,155 | 4,983 | 5,155 | 4,825 | ||||||||||||||||
Accrued interest payable | 1 | 73 | 73 | 86 | 86 | ||||||||||||||||
Interest rate swap derivative | 2 | 94 | 94 | 135 | 135 |
Interest_Rate_Derivatives
Interest Rate Derivatives | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Interest Rate Derivatives [Abstract] | ' | ||||||||
Interest Rate Derivatives | ' | ||||||||
(10)Â Interest Rate Derivatives | |||||||||
Derivative instruments are entered into primarily as a risk management tool of the Company. Financial derivatives are recorded at fair value as other liabilities. The accounting for changes in the fair value of a derivative depends on whether it has been designated and qualifies as part of a hedging relationship. For a fair value hedge, changes in the fair value of the derivative instrument and changes in the fair value of the hedged asset or liability are recognized currently in earnings. For a cash flow hedge, changes in the fair value of the derivative instrument, to the extent that it is effective, are recorded in other comprehensive income and subsequently reclassified to earnings as the hedged transaction impacts net income. Any ineffective portion of a cash flow hedge is recognized currently in earnings. See Note 9 for further discussion of the fair value of the interest rate derivative. | |||||||||
The Company has $5.0 million of floating rate trust preferred debt indexed to 3-month LIBOR. As a result, it is exposed to variability in cash flows related to changes in projected interest payments caused by changes in the benchmark interest rate. During the fourth quarter of fiscal 2009, the Company entered into an interest rate swap agreement, with a $2.0 million notional amount, to convert a portion of the variable-rate junior subordinated debentures to a fixed rate for a term of approximately 7 years at a rate of 4.96%. The derivative is designated as a cash flow hedge. The hedging strategy ensures that changes in cash flows from the derivative will be highly effective at offsetting changes in interest expense from the hedged exposure. | |||||||||
The following table summarizes the fair value of the outstanding derivative and its presentation on the statements of condition: | |||||||||
September 30, | December 31, | ||||||||
 (In thousands) | 2014 | 2013 | |||||||
 Cash flow hedge: | |||||||||
 Other liabilities | $ | 94 | $ | 135 | |||||
The change in accumulated other comprehensive loss on a pretax basis and the impact on earnings from the interest rate swap that qualifies as a cash flow hedge for the periods indicated below were as follows: | |||||||||
Three Months Ended September 30, | |||||||||
(In thousands) | 2014 | 2013 | |||||||
Balance as of June 30: | $ | (112 | ) | $ | (152 | ) | |||
Amount of losses (gains) recognized in other comprehensive income | 2 | (10 | ) | ||||||
Amount of loss reclassified from other comprehensive income | |||||||||
     and recognized as interest expense | 16 | 15 | |||||||
Balance as of September 30: | $ | (94 | ) | $ | (147 | ) | |||
Nine Months Ended September 30, | |||||||||
(In thousands) | 2014 | 2013 | |||||||
Balance as of December 31: | $ | (135 | ) | $ | (195 | ) | |||
Amount of (gains) losses recognized in other comprehensive income | (6 | ) | 2 | ||||||
Amount of loss reclassified from other comprehensive income | |||||||||
     and recognized as interest expense | 47 | 46 | |||||||
Balance as of September 30: | $ | (94 | ) | $ | (147 | ) | |||
No amount of ineffectiveness has been included in earnings and the changes in fair value have been recorded in other comprehensive (loss) income. Some, or all, of the amount included in accumulated other comprehensive (loss) income would be reclassified into current earnings should a portion of, or the entire hedge no longer be considered effective, but at this time, management expects the hedge to remain fully effective during the remaining term of the swap. | |||||||||
The Company posted cash of $200,000 under arrangements to satisfy collateral requirements associated with the interest rate swap contract. |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income (Loss) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Abstract] | ' | ||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) | ' | ||||||||||||||||||||
(11)Â Accumulated Other Comprehensive Income (Loss) | |||||||||||||||||||||
Changes in the components of accumulated other comprehensive income (loss) ("AOCI"), net of tax, for the periods indicated are summarized in the table below. | |||||||||||||||||||||
For the three months ended September 30, 2014 | |||||||||||||||||||||
(In thousands) | Retirement Plans | Unrealized Gains and Losses on Financial Derivative | Unrealized Gains and Losses on Available-for-Sale Securities | Securities reclassified from AFS to HTM | Total | ||||||||||||||||
Beginning balance | $ | (969 | ) | $ | (67 | ) | $ | 461 | $ | (745 | ) | $ | (1,320 | ) | |||||||
Other comprehensive (loss)Â income before reclassifications | - | - | (42 | ) | 17 | (25 | ) | ||||||||||||||
Amounts reclassified from AOCI | 7 | 10 | (2 | ) | - | 15 | |||||||||||||||
Ending balance | $ | (962 | ) | $ | (57 | ) | $ | 417 | $ | (728 | ) | $ | (1,330 | ) | |||||||
For the nine months ended September 30, 2014 | |||||||||||||||||||||
Retirement Plans | Unrealized Gains and Losses on Financial derivative | Unrealized Gains and Losses on Available-for-Sale Securities | Unrealized Loss on Securities Transferred to Held-to-Maturity | Total | |||||||||||||||||
Beginning balance | $ | (982 | ) | $ | (81 | ) | $ | 99 | $ | (781 | ) | $ | (1,745 | ) | |||||||
Other comprehensive (loss) income before reclassifications | - | (4 | ) | 335 | 53 | 384 | |||||||||||||||
Amounts reclassified from AOCI | 20 | 28 | (17 | ) | - | 31 | |||||||||||||||
Ending balance | $ | (962 | ) | $ | (57 | ) | $ | 417 | $ | (728 | ) | $ | (1,330 | ) | |||||||
For the three months ended September 30, 2013 | |||||||||||||||||||||
(In thousands) | Retirement Plans | Unrealized Gains and Losses on Financial derivative | Unrealized Gains and Losses on Available-for-Sale Securities | Securities reclassified from AFS to HTM | Total | ||||||||||||||||
Beginning balance | $ | (2,651 | ) | $ | (91 | ) | $ | (473 | ) | $ | - | $ | (3,215 | ) | |||||||
Other comprehensive (loss) income before reclassifications | - | (5 | ) | 844 | (799 | ) | 40 | ||||||||||||||
Amounts reclassified from AOCI | 57 | 9 | (10 | ) | - | 56 | |||||||||||||||
Ending balance | $ | (2,594 | ) | $ | (87 | ) | $ | 361 | $ | (799 | ) | $ | (3,119 | ) | |||||||
For the nine months ended September 30, 2013 | |||||||||||||||||||||
Retirement Plans | Unrealized Gains and Losses on Financial derivative | Unrealized Gains and Losses on Available-for-Sale Securities | Unrealized Loss on Securities Transferred to Held-to-Maturity | Total | |||||||||||||||||
Beginning balance | $ | (2,765 | ) | $ | (117 | ) | $ | 1,564 | $ | - | $ | (1,318 | ) | ||||||||
Other comprehensive income (loss) before reclassifications | - | 2 | (1,133 | ) | (799 | ) | (1,930 | ) | |||||||||||||
Amounts reclassified from AOCI | 171 | 28 | (70 | ) | - | 129 | |||||||||||||||
Ending balance | $ | (2,594 | ) | $ | (87 | ) | $ | 361 | $ | (799 | ) | $ | (3,119 | ) | |||||||
 The following table presents the amounts reclassified out of each component of AOCI for the indicated period: | |||||||||||||||||||||
Amount Reclassified | Amount Reclassified | ||||||||||||||||||||
from AOCI1 | from AOCI1 | ||||||||||||||||||||
(Unaudited) | (Unaudited) | ||||||||||||||||||||
(In thousands) | For the three months ended | For the nine months ended | |||||||||||||||||||
Details about AOCI1 components | 30-Sep-14 | 30-Sep-13 | Affected Line Item in the Statement of Income | 30-Sep-14 | 30-Sep-13 | ||||||||||||||||
Unrealized holding gain on financial derivative: | |||||||||||||||||||||
 Reclassification adjustment for | $ | (16 | ) | $ | (15 | ) |  Interest on long term borrowings | $ | (47 | ) | $ | (46 | ) | ||||||||
   interest expense included in net income | |||||||||||||||||||||
6 | 6 | Â Provision for income taxes | 19 | 18 | |||||||||||||||||
$ | (10 | ) | $ | (9 | ) | Â Net Income | $ | (28 | ) | $ | (28 | ) | |||||||||
Retirement plan items | |||||||||||||||||||||
Retirement plan net losses | |||||||||||||||||||||
   recognized in plan expenses2 | $ | (11 | ) | $ | (95 | ) |  Salaries and employee benefits | $ | (33 | ) | $ | (286 | ) | ||||||||
4 | 38 | Â Provision for income taxes | 13 | 115 | |||||||||||||||||
$ | (7 | ) | $ | (57 | ) | Â Net Income | $ | (20 | ) | $ | (171 | ) | |||||||||
Available-for-sale securities | |||||||||||||||||||||
Realized gain on sale of securities | $ | 3 | $ | 17 | Net gains on sales and redemptions of investment securities | $ | 29 | $ | 116 | ||||||||||||
(1 | ) | (7 | ) | Â Provision for income taxes | (12 | ) | (46 | ) | |||||||||||||
$ | 2 | $ | 10 | Â Net Income | $ | 17 | $ | 70 | |||||||||||||
1 Amounts in parentheses indicates debits in net income. | |||||||||||||||||||||
2 These items are included in net periodic pension cost. | |||||||||||||||||||||
   See Note 5 for additional information. |
Stock_Offering_and_Conversion
Stock Offering and Conversion | 9 Months Ended |
Sep. 30, 2014 | |
Stock Offering and Conversion [Abstract] | ' |
Stock Offering and Conversion | ' |
(12)Â Stock Offering and Conversion | |
On October 16, 2014, the Company completed the conversion and reorganization pursuant to which Pathfinder Bancorp, MHC converted to the stock holding company form of organization.  New Pathfinder, the new stock holding company for Pathfinder Bank, sold 2,636,053 shares of common stock at $10.00 per share, for gross offering proceeds of $26.4 million in its stock offering. | |
Concurrent with the completion of the offering, shares of common stock of the Company owned by the public were exchanged for shares of New Pathfinder's common stock so that the shareholders now own approximately the same percentage of New Pathfinder's common stock as they owned of the Company's common stock immediately prior to the conversion, subject to adjustment as disclosed in the prospectus.  Shareholders of the Company received 1.6472 shares of New Pathfinder's common stock for each share of the Company's common stock they owned immediately prior to completion of the transaction.  Cash in lieu of fractional shares was paid based on the offering price of $10.00 per share. As a result of the offering and the exchange of shares, New Pathfinder has 4,352,203 shares outstanding. | |
The shares of common stock sold in the offering and issued began trading on the Nasdaq Capital Market on October 17, 2014 under the trading symbol "PBHC." |
Earnings_per_Common_Share_Tabl
Earnings per Common Share (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Earnings per Common Share [Abstract] | ' | ||||||||||||||||
Calculations of Basic and Diluted Earnings per Share | ' | ||||||||||||||||
The following table sets forth the calculation of basic and diluted earnings per share: | |||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
(In thousands, except per share data) | 2014 | 2013 | 2014 | 2013 | |||||||||||||
Basic Earnings Per Common Share | |||||||||||||||||
Net income available to common shareholders | $ | 713 | $ | 528 | $ | 1,848 | $ | 1,856 | |||||||||
Weighted average common shares outstanding | 2,537 | 2,518 | 2,533 | 2,515 | |||||||||||||
Basic earnings per common share | $ | 0.28 | $ | 0.21 | $ | 0.73 | $ | 0.74 | |||||||||
Diluted Earnings Per Common Share | |||||||||||||||||
Net income available to common shareholders | $ | 713 | $ | 528 | $ | 1,848 | $ | 1,856 | |||||||||
Weighted average common shares outstanding | 2,537 | 2,518 | 2,533 | 2,515 | |||||||||||||
Effect of assumed exercise of stock options | 26 | 21 | 25 | 13 | |||||||||||||
Diluted weighted average common shares outstanding | 2,563 | 2,539 | 2,558 | 2,528 | |||||||||||||
Diluted earnings per common share | $ | 0.28 | $ | 0.2 | $ | 0.72 | $ | 0.73 |
Investment_Securities_Tables
Investment Securities (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||||||
Investment Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||||||
Amortized Cost and Estimated Fair Value of Investment Securities | ' | ||||||||||||||||||||||||||||||||||||
The amortized cost and estimated fair value of investment securities are summarized as follows: | |||||||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||||||||||||||||||||||
(In thousands) | Cost | Gains | Losses | Value | |||||||||||||||||||||||||||||||||
Available-for-Sale Portfolio | |||||||||||||||||||||||||||||||||||||
Debt investment securities: | |||||||||||||||||||||||||||||||||||||
US Treasury, agencies and GSEs | $ | 18,900 | $ | 3 | $ | (184 | ) | $ | 18,719 | ||||||||||||||||||||||||||||
State and political subdivisions | 7,838 | 131 | (3 | ) | 7,966 | ||||||||||||||||||||||||||||||||
Corporate | 13,801 | 153 | (25 | ) | 13,929 | ||||||||||||||||||||||||||||||||
Residential mortgage-backed - US agency | 33,283 | 388 | (233 | ) | 33,438 | ||||||||||||||||||||||||||||||||
Collateralized mortgage obligations - US agency | 18,062 | 217 | (179 | ) | 18,100 | ||||||||||||||||||||||||||||||||
Total | 91,884 | 892 | (624 | ) | 92,152 | ||||||||||||||||||||||||||||||||
Equity investment securities: | |||||||||||||||||||||||||||||||||||||
Mutual funds: | |||||||||||||||||||||||||||||||||||||
Ultra short mortgage fund | 643 | 4 | - | 647 | |||||||||||||||||||||||||||||||||
Large cap equity fund | 456 | 216 | - | 672 | |||||||||||||||||||||||||||||||||
Other mutual funds | 183 | 194 | - | 377 | |||||||||||||||||||||||||||||||||
Common stock - financial services industry | 271 | 16 | - | 287 | |||||||||||||||||||||||||||||||||
Total | 1,553 | 430 | - | 1,983 | |||||||||||||||||||||||||||||||||
Total available-for-sale | $ | 93,437 | $ | 1,322 | $ | (624 | ) | $ | 94,135 | ||||||||||||||||||||||||||||
Held-to-Maturity Portfolio | |||||||||||||||||||||||||||||||||||||
Debt investment securities: | |||||||||||||||||||||||||||||||||||||
US Treasury, agencies and GSEs | $ | 4,827 | $ | 17 | $ | (4 | ) | $ | 4,840 | ||||||||||||||||||||||||||||
State and political subdivisions | 22,807 | 780 | (2 | ) | 23,585 | ||||||||||||||||||||||||||||||||
Corporate | 3,671 | 170 | - | 3,841 | |||||||||||||||||||||||||||||||||
Residential mortgage-backed - US agency | 8,275 | 112 | - | 8,387 | |||||||||||||||||||||||||||||||||
Collateralized mortgage obligations - US agency | 2,897 | 79 | - | 2,976 | |||||||||||||||||||||||||||||||||
Total held-to-maturity | $ | 42,477 | $ | 1,158 | $ | (6 | ) | $ | 43,629 | ||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||||||||||||||||||||||
(In thousands) | Cost | Gains | Losses | Value | |||||||||||||||||||||||||||||||||
Available-for-Sale Portfolio | |||||||||||||||||||||||||||||||||||||
Debt investment securities: | |||||||||||||||||||||||||||||||||||||
US Treasury, agencies and GSEs | $ | 16,935 | $ | 2 | $ | (340 | ) | $ | 16,597 | ||||||||||||||||||||||||||||
State and political subdivisions | 6,429 | 164 | (6 | ) | 6,587 | ||||||||||||||||||||||||||||||||
Corporate | 13,498 | 198 | - | 13,696 | |||||||||||||||||||||||||||||||||
Residential mortgage-backed - US agency | 22,231 | 332 | (424 | ) | 22,139 | ||||||||||||||||||||||||||||||||
Collateralized mortgage obligations - agency | 20,147 | 164 | (308 | ) | 20,003 | ||||||||||||||||||||||||||||||||
Total | 79,240 | 860 | (1,078 | ) | 79,022 | ||||||||||||||||||||||||||||||||
Equity investment securities: | |||||||||||||||||||||||||||||||||||||
Mutual funds: | |||||||||||||||||||||||||||||||||||||
Ultra short mortgage fund | 643 | 5 | - | 648 | |||||||||||||||||||||||||||||||||
Large cap equity fund | 456 | 195 | - | 651 | |||||||||||||||||||||||||||||||||
Other mutual funds | 183 | 162 | - | 345 | |||||||||||||||||||||||||||||||||
Common stock - financial services industry | 271 | 22 | - | 293 | |||||||||||||||||||||||||||||||||
Total | 1,553 | 384 | - | 1,937 | |||||||||||||||||||||||||||||||||
Total available-for-sale | $ | 80,793 | $ | 1,244 | $ | (1,078 | ) | $ | 80,959 | ||||||||||||||||||||||||||||
Held-to-Maturity Portfolio | |||||||||||||||||||||||||||||||||||||
Debt investment securities: | |||||||||||||||||||||||||||||||||||||
US Treasury, agencies and GSEs | $ | 1,872 | $ | - | $ | (25 | ) | $ | 1,847 | ||||||||||||||||||||||||||||
State and political subdivisions | 21,371 | 11 | (118 | ) | 21,264 | ||||||||||||||||||||||||||||||||
Corporate | 3,746 | 16 | (44 | ) | 3,718 | ||||||||||||||||||||||||||||||||
Residential mortgage-backed - US agency | 5,556 | - | (30 | ) | 5,526 | ||||||||||||||||||||||||||||||||
Collateralized mortgage obligations - agency | 1,867 | - | - | 1,867 | |||||||||||||||||||||||||||||||||
Total held-to-maturity | $ | 34,412 | $ | 27 | $ | (217 | ) | $ | 34,222 | ||||||||||||||||||||||||||||
Amortized Cost and Estimated Fair Value of Debt Investments by Contractual Maturity | ' | ||||||||||||||||||||||||||||||||||||
The amortized cost and estimated fair value of debt investments at September 30, 2014 by contractual maturity are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties. | |||||||||||||||||||||||||||||||||||||
Available-for-Sale | Held-to-Maturity | ||||||||||||||||||||||||||||||||||||
Amortized | Estimated | Amortized | Estimated | ||||||||||||||||||||||||||||||||||
Cost | Fair Value | Cost | Fair Value | ||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||
Due in one year or less | $ | 4,891 | $ | 4,925 | $ | 185 | $ | 185 | |||||||||||||||||||||||||||||
Due after one year through five years | 30,645 | 30,763 | 4,908 | 4,910 | |||||||||||||||||||||||||||||||||
Due after five years through ten years | 5,003 | 4,926 | 16,635 | 17,037 | |||||||||||||||||||||||||||||||||
Due after ten years | - | - | 9,577 | 10,134 | |||||||||||||||||||||||||||||||||
Sub-total | 40,539 | 40,614 | 31,305 | 32,266 | |||||||||||||||||||||||||||||||||
Residential mortgage-backed - US agency | 33,283 | 33,438 | 8,275 | 8,387 | |||||||||||||||||||||||||||||||||
Collateralized mortgage obligations - US agency | 18,062 | 18,100 | 2,897 | 2,976 | |||||||||||||||||||||||||||||||||
Totals | $ | 91,884 | $ | 92,152 | $ | 42,477 | $ | 43,629 | |||||||||||||||||||||||||||||
Investment Securities' Gross Unrealized Losses and Fair Value by Investment Category and Length of Time that Individual Securities Have Continuous Unrealized Loss Position | ' | ||||||||||||||||||||||||||||||||||||
The Company's investment securities' gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows: | |||||||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||||||
Less than Twelve Months | Twelve Months or More | Total | |||||||||||||||||||||||||||||||||||
Number of | Number of | Number of | |||||||||||||||||||||||||||||||||||
Individual | Unrealized | Fair | Individual | Unrealized | Fair | Individual | Unrealized | Fair | |||||||||||||||||||||||||||||
Securities | Losses | Value | Securities | Losses | Value | Securities | Losses | Value | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||||||||||
Available-for-Sale | |||||||||||||||||||||||||||||||||||||
US Treasury, agencies and GSE's | 3 | $ | (5 | ) | $ | 4,006 | 11 | $ | (179 | ) | $ | 11,810 | 14 | $ | (184 | ) | $ | 15,816 | |||||||||||||||||||
State and political subdivisions | 3 | (3 | ) | 1,045 | 1 | - | 91 | 4 | (3 | ) | 1,136 | ||||||||||||||||||||||||||
Corporate | 8 | (25 | ) | 4,999 | - | - | - | 8 | (25 | ) | 4,999 | ||||||||||||||||||||||||||
Residential mortgage-backed - US agency | 6 | (14 | ) | 7,428 | 7 | (219 | ) | 8,177 | 13 | (233 | ) | 15,605 | |||||||||||||||||||||||||
Collateralized mortgage obligations - US agency | 3 | (39 | ) | 2,795 | 5 | (140 | ) | 4,104 | 8 | (179 | ) | 6,899 | |||||||||||||||||||||||||
Totals | 23 | $ | (86 | ) | $ | 20,273 | 24 | $ | (538 | ) | $ | 24,182 | 47 | $ | (624 | ) | $ | 44,455 | |||||||||||||||||||
Held-to-Maturity | |||||||||||||||||||||||||||||||||||||
US Treasury, agencies and GSE's | 2 | $ | (4 | ) | $ | 1,976 | - | $ | - | $ | - | 2 | $ | (4 | ) | $ | 1,976 | ||||||||||||||||||||
State and political subdivisions | 1 | (2 | ) | 1,470 | - | - | - | 1 | (2 | ) | 1,470 | ||||||||||||||||||||||||||
Corporate | 1 | - | 311 | - | - | - | 1 | - | 311 | ||||||||||||||||||||||||||||
Residential mortgage-backed - US agency | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||
Collateralized mortgage obligations - US agency | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||||||||
Totals | 4 | $ | (6 | ) | $ | 3,757 | - | $ | - | $ | - | 4 | $ | (6 | ) | $ | 3,757 | ||||||||||||||||||||
Gross Realized Gains (Losses) on Sale of Securities | ' | ||||||||||||||||||||||||||||||||||||
Gross realized gains (losses) on sales of securities for the indicated periods are detailed below: | |||||||||||||||||||||||||||||||||||||
For the three months | For the nine months | ||||||||||||||||||||||||||||||||||||
ended September 30, | ended September 30, | ||||||||||||||||||||||||||||||||||||
(In thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||||||||
Realized gains | $ | 3 | $ | 17 | $ | 29 | $ | 121 | |||||||||||||||||||||||||||||
Realized losses | - | - | - | (5 | ) | ||||||||||||||||||||||||||||||||
$ | 3 | $ | 17 | $ | 29 | $ | 116 |
Pension_and_Postretirement_Ben1
Pension and Postretirement Benefits (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
Pension and Postretirement Benefits [Abstract] | ' | ||||||||||||||||||||||||||||||||
Composition of Net Periodic Pension and Postretirement Plan Costs | ' | ||||||||||||||||||||||||||||||||
The composition of net periodic pension plan and postretirement plan costs for the indicated periods is as follows: | |||||||||||||||||||||||||||||||||
Pension Benefits | Postretirement Benefits | Pension Benefits | Postretirement Benefits | ||||||||||||||||||||||||||||||
For the three months ended September 30, | For the nine months ended September 30, | ||||||||||||||||||||||||||||||||
(In thousands) | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Service cost | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||
Interest cost | 102 | 95 | 5 | 4 | 305 | 284 | 14 | 13 | |||||||||||||||||||||||||
Expected return on plan assets | (236 | ) | (214 | ) | - | - | (707 | ) | (640 | ) | - | - | |||||||||||||||||||||
Amortization of net losses | 8 | 90 | 3 | 5 | 23 | 270 | 10 | 15 | |||||||||||||||||||||||||
Net periodic benefit plan (benefit) cost | $ | (126 | ) | $ | (29 | ) | $ | 8 | $ | 9 | $ | (379 | ) | $ | (86 | ) | $ | 24 | $ | 28 |
Loans_Tables
Loans (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Loans [Abstract] | ' | ||||||||||||||||||||||||
Major Classification of Loans | ' | ||||||||||||||||||||||||
Major classifications of loans at the indicated dates are as follows: | |||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||
(In thousands) | 2014 | 2013 | |||||||||||||||||||||||
Residential mortgage loans: | |||||||||||||||||||||||||
1-4 family first-lien residential mortgages | $ | 170,424 | $ | 166,298 | |||||||||||||||||||||
Construction | 1,896 | 1,982 | |||||||||||||||||||||||
Total residential mortgage loans | 172,320 | 168,280 | |||||||||||||||||||||||
Commercial loans: | |||||||||||||||||||||||||
Real estate | 119,453 | 95,536 | |||||||||||||||||||||||
Lines of credit | 16,568 | 14,444 | |||||||||||||||||||||||
Other commercial and industrial | 36,994 | 32,675 | |||||||||||||||||||||||
Municipal | 2,922 | 5,122 | |||||||||||||||||||||||
Total commercial loans | 175,937 | 147,777 | |||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||
Home equity and junior liens | 21,724 | 21,110 | |||||||||||||||||||||||
Other consumer | 4,061 | 4,166 | |||||||||||||||||||||||
Total consumer loans | 25,785 | 25,276 | |||||||||||||||||||||||
Total loans | 374,042 | 341,333 | |||||||||||||||||||||||
Net deferred loan costs | 215 | 300 | |||||||||||||||||||||||
Less allowance for loan losses | (5,171 | ) | (5,041 | ) | |||||||||||||||||||||
Loans receivable, net | $ | 369,086 | $ | 336,592 | |||||||||||||||||||||
Summary of Classes of Loan Portfolio | ' | ||||||||||||||||||||||||
The following table illustrates the portfolio segments and classes for the Company's loan portfolio: | |||||||||||||||||||||||||
Portfolio Segment | Class | ||||||||||||||||||||||||
Residential Mortgage Loans | 1-4 family first-lien residential mortgages | ||||||||||||||||||||||||
Construction | |||||||||||||||||||||||||
Commercial Loans | Real estate | ||||||||||||||||||||||||
Lines of credit | |||||||||||||||||||||||||
Other commercial and industrial | |||||||||||||||||||||||||
Municipal | |||||||||||||||||||||||||
Consumer Loans | Home equity and junior liens | ||||||||||||||||||||||||
Other consumer | |||||||||||||||||||||||||
The following tables present the classes of the loan portfolio, not including net deferred loan costs, summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company's internal risk rating system as of the dates indicated: | |||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||
Special | |||||||||||||||||||||||||
(In thousands) | Pass | Mention | Substandard | Doubtful | Total | ||||||||||||||||||||
Residential mortgage loans: | |||||||||||||||||||||||||
1-4 family first-lien residential mortgages | $ | 164,786 | $ | 907 | $ | 3,561 | $ | 1,170 | $ | 170,424 | |||||||||||||||
Construction | 1,896 | - | - | - | 1,896 | ||||||||||||||||||||
Total residential mortgage loans | 166,682 | 907 | 3,561 | 1,170 | 172,320 | ||||||||||||||||||||
Commercial loans: | |||||||||||||||||||||||||
Real estate | 112,788 | 1,180 | 5,273 | 212 | 119,453 | ||||||||||||||||||||
Lines of credit | 15,295 | 403 | 864 | 6 | 16,568 | ||||||||||||||||||||
Other commercial and industrial | 35,598 | 447 | 919 | 30 | 36,994 | ||||||||||||||||||||
Municipal | 2,922 | - | - | - | 2,922 | ||||||||||||||||||||
Total commercial loans | 166,603 | 2,030 | 7,056 | 248 | 175,937 | ||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||
Home equity and junior liens | 20,712 | 342 | 564 | 106 | 21,724 | ||||||||||||||||||||
Other consumer | 4,004 | 10 | 47 | - | 4,061 | ||||||||||||||||||||
Total consumer loans | 24,716 | 352 | 611 | 106 | 25,785 | ||||||||||||||||||||
Total loans | $ | 358,001 | $ | 3,289 | $ | 11,228 | $ | 1,524 | $ | 374,042 | |||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||
Special | |||||||||||||||||||||||||
(In thousands) | Pass | Mention | Substandard | Doubtful | Total | ||||||||||||||||||||
Residential mortgage loans: | |||||||||||||||||||||||||
1-4 family first-lien residential mortgages | $ | 160,013 | $ | 1,649 | $ | 4,622 | $ | 14 | $ | 166,298 | |||||||||||||||
Construction | 1,982 | - | - | - | 1,982 | ||||||||||||||||||||
Total residential mortgage loans | 161,995 | 1,649 | 4,622 | 14 | 168,280 | ||||||||||||||||||||
Commercial loans: | |||||||||||||||||||||||||
Real estate | 90,162 | 918 | 4,456 | - | 95,536 | ||||||||||||||||||||
Lines of credit | 12,941 | 560 | 943 | - | 14,444 | ||||||||||||||||||||
Other commercial and industrial | 31,159 | 468 | 899 | 149 | 32,675 | ||||||||||||||||||||
Municipal | 5,122 | - | - | - | 5,122 | ||||||||||||||||||||
Total commercial loans | 139,384 | 1,946 | 6,298 | 149 | 147,777 | ||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||
Home equity and junior liens | 19,567 | 487 | 976 | 80 | 21,110 | ||||||||||||||||||||
Other consumer | 4,040 | 30 | 74 | 22 | 4,166 | ||||||||||||||||||||
Total consumer loans | 23,607 | 517 | 1,050 | 102 | 25,276 | ||||||||||||||||||||
Total loans | $ | 324,986 | $ | 4,112 | $ | 11,970 | $ | 265 | $ | 341,333 | |||||||||||||||
Age Analysis of Past Due Loans Segregated by Portfolio Segment and Class of Loans | ' | ||||||||||||||||||||||||
An age analysis of past due loans, segregated by portfolio segment and class of loans, as of September 30, 2014 and December 31, 2013, are detailed in the following tables: | |||||||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||||||
30-59 Days | 60-89 Days | 90 Days | |||||||||||||||||||||||
Past Due | Past Due | and Over | Total | Total Loans | |||||||||||||||||||||
(In thousands) | And Accruing | And Accruing | Past Due | Current | Receivable | ||||||||||||||||||||
Residential mortgage loans: | |||||||||||||||||||||||||
1-4 family first-lien residential mortgages | $ | 2,018 | $ | 591 | $ | 2,028 | $ | 4,637 | $ | 165,787 | $ | 170,424 | |||||||||||||
Construction | - | - | - | - | 1,896 | 1,896 | |||||||||||||||||||
Total residential mortgage loans | 2,018 | 591 | 2,028 | 4,637 | 167,683 | 172,320 | |||||||||||||||||||
Commercial loans: | |||||||||||||||||||||||||
Real estate | 533 | 321 | 3,729 | 4,583 | 114,870 | 119,453 | |||||||||||||||||||
Lines of credit | 20 | 801 | 298 | 1,119 | 15,449 | 16,568 | |||||||||||||||||||
Other commercial and industrial | 664 | 571 | 1,132 | 2,367 | 34,627 | 36,994 | |||||||||||||||||||
Municipal | - | - | - | - | 2,922 | 2,922 | |||||||||||||||||||
Total commercial loans | 1,217 | 1,693 | 5,159 | 8,069 | 167,868 | 175,937 | |||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||
Home equity and junior liens | 289 | 52 | 243 | 584 | 21,140 | 21,724 | |||||||||||||||||||
Other consumer | 11 | - | 12 | 23 | 4,038 | 4,061 | |||||||||||||||||||
Total consumer loans | 300 | 52 | 255 | 607 | 25,178 | 25,785 | |||||||||||||||||||
Total loans | $ | 3,535 | $ | 2,336 | $ | 7,442 | $ | 13,313 | $ | 360,729 | $ | 374,042 | |||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||
30-59 Days | 60-89 Days | 90 Days | |||||||||||||||||||||||
Past Due | Past Due | and Over | Total | Total Loans | |||||||||||||||||||||
(In thousands) | And Accruing | And Accruing | Past Due | Current | Receivable | ||||||||||||||||||||
Residential mortgage loans: | |||||||||||||||||||||||||
1-4 family first-lien residential mortgages | $ | 2,213 | $ | 1,472 | $ | 2,194 | $ | 5,879 | $ | 160,419 | $ | 166,298 | |||||||||||||
Construction | - | - | - | - | 1,982 | 1,982 | |||||||||||||||||||
Total residential mortgage loans | 2,213 | 1,472 | 2,194 | 5,879 | 162,401 | 168,280 | |||||||||||||||||||
Commercial loans: | |||||||||||||||||||||||||
Real estate | 1,407 | 1,901 | 1,934 | 5,242 | 90,294 | 95,536 | |||||||||||||||||||
Lines of credit | 341 | 113 | 381 | 835 | 13,609 | 14,444 | |||||||||||||||||||
Other commercial and industrial | 2,045 | 1,289 | 394 | 3,728 | 28,947 | 32,675 | |||||||||||||||||||
Municipal | - | - | - | - | 5,122 | 5,122 | |||||||||||||||||||
Total commercial loans | 3,793 | 3,303 | 2,709 | 9,805 | 137,972 | 147,777 | |||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||
Home equity and junior liens | 954 | 281 | 402 | 1,637 | 19,473 | 21,110 | |||||||||||||||||||
Other consumer | 46 | 51 | 45 | 142 | 4,024 | 4,166 | |||||||||||||||||||
Total consumer loans | 1,000 | 332 | 447 | 1,779 | 23,497 | 25,276 | |||||||||||||||||||
Total loans | $ | 7,006 | $ | 5,107 | $ | 5,350 | $ | 17,463 | $ | 323,870 | $ | 341,333 | |||||||||||||
Nonaccrual Loans Segregated by Class of Loan | ' | ||||||||||||||||||||||||
Nonaccrual loans, segregated by class of loan, were as follows: | |||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||
(In thousands) | 2014 | 2013 | |||||||||||||||||||||||
Residential mortgage loans: | |||||||||||||||||||||||||
1-4 family first-lien residential mortgages | $ | 2,028 | $ | 2,194 | |||||||||||||||||||||
2,028 | 2,194 | ||||||||||||||||||||||||
Commercial loans: | |||||||||||||||||||||||||
Real estate | 3,729 | 1,934 | |||||||||||||||||||||||
Lines of credit | 298 | 381 | |||||||||||||||||||||||
Other commercial and industrial | 1,132 | 394 | |||||||||||||||||||||||
5,159 | 2,709 | ||||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||
Home equity and junior liens | 243 | 402 | |||||||||||||||||||||||
Other consumer | 12 | 45 | |||||||||||||||||||||||
255 | 447 | ||||||||||||||||||||||||
Total nonaccrual loans | $ | 7,442 | $ | 5,350 | |||||||||||||||||||||
Summary of Impaired Loans Information by Portfolio Class | ' | ||||||||||||||||||||||||
The following tables summarize impaired loan information by portfolio class at the indicated dates: | |||||||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||||||
Unpaid | Unpaid | ||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | Principal | Related | ||||||||||||||||||||
(In thousands) | Investment | Balance | Allowance | Investment | Balance | Allowance | |||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||
1-4 family first-lien residential mortgages | $ | 1,266 | $ | 1,285 | $ | - | $ | 550 | $ | 550 | $ | - | |||||||||||||
Commercial real estate | 1,726 | 1,733 | - | 1,496 | 1,499 | - | |||||||||||||||||||
Commercial lines of credit | 193 | 217 | - | 196 | 196 | - | |||||||||||||||||||
Other commercial and industrial | 355 | 369 | - | 266 | 266 | - | |||||||||||||||||||
Home equity and junior liens | 2 | 2 | - | 294 | 294 | - | |||||||||||||||||||
Other consumer | - | - | - | - | - | - | |||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||
1-4 family first-lien residential mortgages | - | - | - | 402 | 402 | 59 | |||||||||||||||||||
Commercial real estate | 3,492 | 3,525 | 643 | 2,045 | 2,054 | 649 | |||||||||||||||||||
Commercial lines of credit | 95 | 95 | 95 | 185 | 200 | 135 | |||||||||||||||||||
Other commercial and industrial | 174 | 174 | 116 | 139 | 139 | 107 | |||||||||||||||||||
Home equity and junior liens | 363 | 363 | 33 | 165 | 165 | 84 | |||||||||||||||||||
Other consumer | 14 | 14 | 5 | 2 | 2 | 2 | |||||||||||||||||||
Total: | |||||||||||||||||||||||||
1-4 family first-lien residential mortgages | 1,266 | 1,285 | - | 952 | 952 | 59 | |||||||||||||||||||
Commercial real estate | 5,218 | 5,258 | 643 | 3,541 | 3,553 | 649 | |||||||||||||||||||
Commercial lines of credit | 288 | 312 | 95 | 381 | 396 | 135 | |||||||||||||||||||
Other commercial and industrial | 529 | 543 | 116 | 405 | 405 | 107 | |||||||||||||||||||
Home equity and junior liens | 365 | 365 | 33 | 459 | 459 | 84 | |||||||||||||||||||
Other consumer | 14 | 14 | 5 | 2 | 2 | 2 | |||||||||||||||||||
Totals | $ | 7,680 | $ | 7,777 | $ | 892 | $ | 5,740 | $ | 5,767 | $ | 1,036 | |||||||||||||
Average Recorded Investment in Impaired Loans | ' | ||||||||||||||||||||||||
The following table presents the average recorded investment in impaired loans for the periods indicated: | |||||||||||||||||||||||||
For the three months ended | For the nine months ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
(In thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
1-4 family first-lien residential mortgages | $ | 1,289 | $ | 781 | $ | 1,221 | $ | 1,521 | |||||||||||||||||
Commercial real estate | 5,239 | 3,949 | 4,855 | 3,621 | |||||||||||||||||||||
Commercial lines of credit | 378 | 418 | 403 | 412 | |||||||||||||||||||||
Other commercial and industrial | 517 | 674 | 511 | 767 | |||||||||||||||||||||
Home equity and junior liens | 369 | 467 | 412 | 525 | |||||||||||||||||||||
Other consumer | 15 | 2 | 8 | 3 | |||||||||||||||||||||
Total | $ | 7,807 | $ | 6,291 | $ | 7,410 | $ | 6,849 | |||||||||||||||||
Cash Basis Interest Income Recognized on Impaired Loans | ' | ||||||||||||||||||||||||
The following table presents the cash basis interest income recognized on impaired loans for the periods indicated: | |||||||||||||||||||||||||
For the three months ended | For the nine months ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
(In thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
1-4 family first-lien residential mortgages | $ | 4 | $ | 10 | $ | 13 | $ | 23 | |||||||||||||||||
Commercial real estate | 59 | 79 | 114 | 151 | |||||||||||||||||||||
Commercial lines of credit | 4 | 2 | 5 | 13 | |||||||||||||||||||||
Other commercial and industrial | 13 | 8 | 33 | 20 | |||||||||||||||||||||
Home equity and junior liens | 4 | 6 | 10 | 24 | |||||||||||||||||||||
Other consumer | - | - | - | - | |||||||||||||||||||||
Total | $ | 84 | $ | 105 | $ | 175 | $ | 231 |
Allowance_for_Loan_Losses_Tabl
Allowance for Loan Losses (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Allowance for Loan Losses [Abstract] | ' | ||||||||||||||||||||
Changes in the Allowance for Loan Losses | ' | ||||||||||||||||||||
Summarized in the tables below are changes in the allowance for loan losses for the indicated periods and information pertaining to the allocation of the allowance for loan losses, balances of the allowance for loan losses, loans receivable based on individual, and collective impairment evaluation by loan portfolio class. An allocation of a portion of the allowance to a given portfolio class does not limit the Company's ability to absorb losses in another portfolio class. | |||||||||||||||||||||
For the three months ended September 30, 2014 | |||||||||||||||||||||
1-4 family | |||||||||||||||||||||
first-lien | Residential | Other | |||||||||||||||||||
residential | construction | Commercial | Commercial | commercial | |||||||||||||||||
(In thousands) | mortgage | mortgage | real estate | lines of credit | and industrial | ||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||
Beginning Balance | $ | 491 | $ | - | $ | 2,624 | $ | 554 | $ | 851 | |||||||||||
   Charge-offs | (26 | ) | - | (256 | ) | (79 | ) | - | |||||||||||||
   Recoveries | - | - | - | - | 3 | ||||||||||||||||
   Provisions | 48 | - | 345 | (28 | ) | 46 | |||||||||||||||
Ending balance | $ | 513 | $ | - | $ | 2,713 | $ | 447 | $ | 900 | |||||||||||
Ending balance: related to loans | |||||||||||||||||||||
individually evaluated for impairment | - | - | 643 | 95 | 116 | ||||||||||||||||
Ending balance: related to loans | |||||||||||||||||||||
collectively evaluated for impairment | $ | 513 | $ | - | $ | 2,070 | $ | 352 | $ | 784 | |||||||||||
Loans receivables: | |||||||||||||||||||||
Ending balance | $ | 170,424 | $ | 1,896 | $ | 119,453 | $ | 16,568 | $ | 36,994 | |||||||||||
Ending balance: individually | |||||||||||||||||||||
evaluated for impairment | 1,266 | - | 5,218 | 288 | 529 | ||||||||||||||||
Ending balance: collectively | |||||||||||||||||||||
evaluated for impairment | $ | 169,158 | $ | 1,896 | $ | 114,235 | $ | 16,280 | $ | 36,465 | |||||||||||
Home equity | Other | ||||||||||||||||||||
Municipal | and junior liens | Consumer | Unallocated | Total | |||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||
Beginning Balance | $ | 1 | $ | 422 | $ | 109 | $ | 114 | $ | 5,166 | |||||||||||
   Charge-offs | - | (31 | ) | (24 | ) | - | (416 | ) | |||||||||||||
   Recoveries | - | 1 | 7 | - | 11 | ||||||||||||||||
   Provisions | - | (17 | ) | 7 | 9 | 410 | |||||||||||||||
Ending balance | $ | 1 | $ | 375 | $ | 99 | $ | 123 | $ | 5,171 | |||||||||||
Ending balance: related to loans | |||||||||||||||||||||
individually evaluated for impairment | - | 33 | 5 | - | 892 | ||||||||||||||||
Ending balance: related to loans | |||||||||||||||||||||
collectively evaluated for impairment | $ | 1 | $ | 342 | $ | 94 | $ | 123 | $ | 4,279 | |||||||||||
Loans receivables: | |||||||||||||||||||||
Ending balance | $ | 2,922 | $ | 21,724 | $ | 4,061 | $ | 374,042 | |||||||||||||
Ending balance: individually | |||||||||||||||||||||
evaluated for impairment | - | 365 | 14 | 7,680 | |||||||||||||||||
Ending balance: collectively | |||||||||||||||||||||
evaluated for impairment | $ | 2,922 | $ | 21,359 | $ | 4,047 | $ | 366,362 | |||||||||||||
For the nine months ended September 30, 2014 | |||||||||||||||||||||
1-4 family | |||||||||||||||||||||
first-lien | Residential | Other | |||||||||||||||||||
residential | construction | Commercial | Commercial | commercial | |||||||||||||||||
(In thousands) | mortgage | mortgage | real estate | lines of credit | and industrial | ||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||
Beginning Balance | $ | 649 | $ | - | $ | 2,302 | $ | 397 | $ | 834 | |||||||||||
   Charge-offs | (68 | ) | - | (303 | ) | (164 | ) | (153 | ) | ||||||||||||
   Recoveries | 1 | - | - | 3 | 6 | ||||||||||||||||
   Provisions | (69 | ) | - | 714 | 211 | 213 | |||||||||||||||
Ending balance | $ | 513 | $ | - | $ | 2,713 | $ | 447 | $ | 900 | |||||||||||
Home equity | Other | ||||||||||||||||||||
Municipal | and junior liens | consumer | Unallocated | Total | |||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||
Beginning Balance | $ | 2 | $ | 433 | $ | 136 | $ | 288 | $ | 5,041 | |||||||||||
   Charge-offs | - | (81 | ) | (84 | ) | - | (853 | ) | |||||||||||||
   Recoveries | - | 1 | 42 | - | 53 | ||||||||||||||||
   Provisions | (1 | ) | 22 | 5 | (165 | ) | 930 | ||||||||||||||
Ending balance | $ | 1 | $ | 375 | $ | 99 | $ | 123 | $ | 5,171 | |||||||||||
For the three months ended September 30, 2013 | |||||||||||||||||||||
1-4 family | |||||||||||||||||||||
first-lien | Residential | Other | |||||||||||||||||||
residential | construction | Commercial | Commercial | commercial | |||||||||||||||||
(In thousands) | mortgage | mortgage | real estate | lines of credit | and industrial | ||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||
Beginning Balance | $ | 585 | $ | - | $ | 2,055 | $ | 418 | $ | 1,045 | |||||||||||
   Charge-offs | - | - | - | - | (14 | ) | |||||||||||||||
   Recoveries | 24 | - | - | 21 | - | ||||||||||||||||
   Provisions | 25 | - | 295 | (73 | ) | (43 | ) | ||||||||||||||
Ending balance | $ | 634 | $ | - | $ | 2,350 | $ | 366 | $ | 988 | |||||||||||
Ending balance: related to loans | |||||||||||||||||||||
individually evaluated for impairment | 61 | - | 679 | 100 | 232 | ||||||||||||||||
Ending balance: related to loans | |||||||||||||||||||||
collectively evaluated for impairment | $ | 573 | $ | - | $ | 1,671 | $ | 266 | $ | 756 | |||||||||||
Loans receivables: | |||||||||||||||||||||
Ending balance | $ | 165,363 | $ | 1,694 | $ | 94,078 | $ | 13,701 | $ | 33,037 | |||||||||||
Ending balance: individually | |||||||||||||||||||||
evaluated for impairment | 982 | - | 4,056 | 382 | 537 | ||||||||||||||||
Ending balance: collectively | |||||||||||||||||||||
evaluated for impairment | $ | 164,381 | $ | 1,694 | $ | 90,022 | $ | 13,319 | $ | 32,500 | |||||||||||
Home equity | Other | ||||||||||||||||||||
Municipal | and junior liens | Consumer | Unallocated | Total | |||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||
Beginning Balance | $ | 3 | $ | 454 | $ | 135 | $ | 169 | $ | 4,864 | |||||||||||
   Charge-offs | - | - | (36 | ) | - | (50 | ) | ||||||||||||||
   Recoveries | - | - | 10 | - | 55 | ||||||||||||||||
   Provisions | (1 | ) | (9 | ) | 23 | (1 | ) | 216 | |||||||||||||
Ending balance | $ | 2 | $ | 445 | $ | 132 | $ | 168 | $ | 5,085 | |||||||||||
Ending balance: related to loans | |||||||||||||||||||||
individually evaluated for impairment | - | 85 | 2 | - | 1,159 | ||||||||||||||||
Ending balance: related to loans | |||||||||||||||||||||
collectively evaluated for impairment | $ | 2 | $ | 360 | $ | 130 | $ | 168 | $ | 3,926 | |||||||||||
Loans receivables: | |||||||||||||||||||||
Ending balance | $ | 4,968 | $ | 20,917 | $ | 4,009 | $ | 337,767 | |||||||||||||
Ending balance: individually | |||||||||||||||||||||
evaluated for impairment | - | 464 | 2 | 6,423 | |||||||||||||||||
Ending balance: collectively | |||||||||||||||||||||
evaluated for impairment | $ | 4,968 | $ | 20,453 | $ | 4,007 | $ | 331,344 | |||||||||||||
For the nine months ended September 30, 2013 | |||||||||||||||||||||
1-4 family | |||||||||||||||||||||
first-lien | Residential | Other | |||||||||||||||||||
residential | construction | Commercial | Commercial | commercial | |||||||||||||||||
(In thousands) | mortgage | mortgage | real estate | lines of credit | and industrial | ||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||
Beginning Balance | $ | 811 | $ | - | $ | 1,748 | $ | 440 | $ | 750 | |||||||||||
   Charge-offs | (104 | ) | - | - | (49 | ) | (29 | ) | |||||||||||||
   Recoveries | 37 | - | - | 21 | - | ||||||||||||||||
   Provisions | (110 | ) | - | 602 | (46 | ) | 267 | ||||||||||||||
Ending balance | $ | 634 | $ | - | $ | 2,350 | $ | 366 | $ | 988 | |||||||||||
Home equity | Other | ||||||||||||||||||||
Municipal | and junior liens | consumer | Unallocated | Total | |||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||
Beginning Balance | $ | 2 | $ | 494 | $ | 168 | $ | 88 | $ | 4,501 | |||||||||||
   Charge-offs | - | (81 | ) | (75 | ) | - | (338 | ) | |||||||||||||
   Recoveries | - | 13 | 35 | - | 106 | ||||||||||||||||
   Provisions | - | 19 | 4 | 80 | 816 | ||||||||||||||||
Ending balance | $ | 2 | $ | 445 | $ | 132 | $ | 168 | $ | 5,085 |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Fair Value Measurements [Abstract] | ' | ||||||||||||||||||||
Fair Value of Assets on Recurring Basis Segregated by Level of Valuation Inputs | ' | ||||||||||||||||||||
The following tables summarize assets measured at fair value on a recurring basis as of the indicated dates, segregated by the level of valuation inputs within the hierarchy utilized to measure fair value: | |||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||
Total Fair | |||||||||||||||||||||
(In thousands) | Level 1 | Level 2 | Level 3 | Value | |||||||||||||||||
Available-for-sale portfolio | |||||||||||||||||||||
Debt investment securities: | |||||||||||||||||||||
US Treasury, agencies and GSEs | $ | - | $ | 18,719 | $ | - | $ | 18,719 | |||||||||||||
State and political subdivisions | - | 7,966 | - | 7,966 | |||||||||||||||||
Corporate | - | 13,929 | - | 13,929 | |||||||||||||||||
Residential mortgage-backed - US agency | - | 33,438 | - | 33,438 | |||||||||||||||||
Collateralized mortgage obligations - US agency | - | 18,100 | - | 18,100 | |||||||||||||||||
Equity investment securities: | |||||||||||||||||||||
Mutual funds: | |||||||||||||||||||||
Ultra short mortgage fund | 647 | - | - | 647 | |||||||||||||||||
Large cap equity fund | 672 | - | - | 672 | |||||||||||||||||
Other mutual funds | - | 377 | - | 377 | |||||||||||||||||
Common stock - financial services industry | 37 | 250 | - | 287 | |||||||||||||||||
Total available-for-sale securities | $ | 1,356 | $ | 92,779 | $ | - | $ | 94,135 | |||||||||||||
Interest rate swap derivative | $ | - | $ | (94 | ) | $ | - | $ | (94 | ) | |||||||||||
31-Dec-13 | |||||||||||||||||||||
Total Fair | |||||||||||||||||||||
(In thousands) | Level 1 | Level 2 | Level 3 | Value | |||||||||||||||||
Available-for-sale portfolio | |||||||||||||||||||||
Debt investment securities: | |||||||||||||||||||||
US Treasury, agencies and GSEs | $ | - | $ | 16,597 | $ | - | $ | 16,597 | |||||||||||||
State and political subdivisions | - | 6,587 | - | 6,587 | |||||||||||||||||
Corporate | - | 13,696 | - | 13,696 | |||||||||||||||||
Residential mortgage-backed - US agency | - | 22,139 | - | 22,139 | |||||||||||||||||
Collateralized mortgage obligations - US agency | - | 20,003 | - | 20,003 | |||||||||||||||||
Equity investment securities: | |||||||||||||||||||||
Mutual funds: | |||||||||||||||||||||
Ultra short mortgage fund | 648 | - | - | 648 | |||||||||||||||||
Large cap equity fund | 651 | - | - | 651 | |||||||||||||||||
Other mutual funds | - | 345 | - | 345 | |||||||||||||||||
Common stock - financial services industry | 42 | 251 | - | 293 | |||||||||||||||||
Total available-for-sale securities | $ | 1,341 | $ | 79,618 | $ | - | $ | 80,959 | |||||||||||||
Interest rate swap derivative | $ | - | $ | (135 | ) | $ | - | $ | (135 | ) | |||||||||||
Summary of Assets Measured at Fair Value on a Nonrecurring Basis Segregated by Level of Valuation Inputs | ' | ||||||||||||||||||||
Pathfinder Bank had the following assets measured at fair value on a nonrecurring basis as of September 30, 2014 and December 31, 2013: | |||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||
Total Fair | |||||||||||||||||||||
(In thousands) | Level 1 | Level 2 | Level 3 | Value | |||||||||||||||||
 Impaired loans | $ | - | $ | - | $ | 1,752 | $ | 1,752 | |||||||||||||
 Foreclosed real estate | $ | - | $ | - | $ | 99 | $ | 99 | |||||||||||||
31-Dec-13 | |||||||||||||||||||||
Total Fair | |||||||||||||||||||||
(In thousands) | Level 1 | Level 2 | Level 3 | Value | |||||||||||||||||
 Impaired loans | $ | - | $ | - | $ | 258 | $ | 258 | |||||||||||||
 Foreclosed real estate | $ | - | $ | - | $ | 69 | $ | 69 | |||||||||||||
Fair Value Inputs, Quantitative Information | ' | ||||||||||||||||||||
The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which Level 3 inputs were used to determine fair value at the indicated dates. | |||||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
Valuation | Unobservable | Range | |||||||||||||||||||
Techniques | Input | (Weighted Avg.) | |||||||||||||||||||
At September 30, 2014 (Unaudited) | |||||||||||||||||||||
Impaired loans | Appraisal of collateral | Appraisal Adjustments | 5% - 30% (14%) | ||||||||||||||||||
(Sales Approach) | Costs to Sell | 4% - 50% (13%) | |||||||||||||||||||
(Discounted Cash Flow) | |||||||||||||||||||||
Foreclosed real estate | Appraisal of collateral | Appraisal Adjustments | Â 15% - 15% (15%) | ||||||||||||||||||
(Sales Approach) | Costs to Sell | Â 6% -Â Â 8%Â (7%) | |||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
Valuation | Unobservable | Range | |||||||||||||||||||
Techniques | Input | (Weighted Avg.) | |||||||||||||||||||
At December 31, 2013 | |||||||||||||||||||||
Impaired loans | Appraisal of collateral | Appraisal Adjustments | 5% - 30% (14%) | ||||||||||||||||||
(Sales Approach) | Costs to Sell | 6% - 50% (12%) | |||||||||||||||||||
Foreclosed real estate | Appraisal of collateral | Appraisal Adjustments | Â 15% - 15% (15%) | ||||||||||||||||||
(Sales Approach) | Costs to Sell | Â 6% -Â Â 7%Â (6%) | |||||||||||||||||||
Carrying Amounts and Fair Value of Financial Instruments | ' | ||||||||||||||||||||
The carrying amounts and fair values of the Company's financial instruments as of the indicated dates are presented in the following table: | |||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
Fair Value | Carrying | Estimated | Carrying | Estimated | |||||||||||||||||
(Dollars In thousands) | Hierarchy | Amounts | Fair Values | Amounts | Fair Values | ||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | 1 | $ | 24,982 | $ | 24,982 | $ | 16,575 | $ | 16,575 | ||||||||||||
Interest earning time deposits | 1 | 500 | 500 | 500 | 500 | ||||||||||||||||
Investment securities - available-for-sale | 1 | 1,356 | 1,356 | 1,341 | 1,341 | ||||||||||||||||
Investment securities - available-for-sale | 2 | 92,779 | 92,779 | 79,618 | 79,618 | ||||||||||||||||
Investment securities - held-to-maturity | 2 | 42,477 | 43,629 | 34,412 | 34,222 | ||||||||||||||||
Federal Home Loan Bank stock | 2 | 1,829 | 1,829 | 2,440 | 2,440 | ||||||||||||||||
Net loans | 3 | 369,086 | 375,006 | 336,592 | 343,660 | ||||||||||||||||
Accrued interest receivable | 1 | 1,865 | 1,865 | 1,715 | 1,715 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Demand Deposits, Savings, NOW and MMDA | 1 | $ | 311,491 | $ | 311,491 | $ | 250,248 | $ | 250,248 | ||||||||||||
Time Deposits | 2 | 171,538 | 171,326 | 159,892 | 160,201 | ||||||||||||||||
Borrowings | 2 | 31,021 | 31,264 | 40,853 | 41,255 | ||||||||||||||||
Junior subordinated debentures | 2 | 5,155 | 4,983 | 5,155 | 4,825 | ||||||||||||||||
Accrued interest payable | 1 | 73 | 73 | 86 | 86 | ||||||||||||||||
Interest rate swap derivative | 2 | 94 | 94 | 135 | 135 |
Interest_Rate_Derivatives_Tabl
Interest Rate Derivatives (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Interest Rate Derivatives [Abstract] | ' | ||||||||
Fair Value Outstanding Derivatives | ' | ||||||||
The following table summarizes the fair value of the outstanding derivative and its presentation on the statements of condition: | |||||||||
September 30, | December 31, | ||||||||
 (In thousands) | 2014 | 2013 | |||||||
 Cash flow hedge: | |||||||||
 Other liabilities | $ | 94 | $ | 135 | |||||
Change in Accumulated Other Comprehensive Loss on Pretax Basis and Impact on Earnings from Interest Rate Swap | ' | ||||||||
The change in accumulated other comprehensive loss on a pretax basis and the impact on earnings from the interest rate swap that qualifies as a cash flow hedge for the periods indicated below were as follows: | |||||||||
Three Months Ended September 30, | |||||||||
(In thousands) | 2014 | 2013 | |||||||
Balance as of June 30: | $ | (112 | ) | $ | (152 | ) | |||
Amount of losses (gains) recognized in other comprehensive income | 2 | (10 | ) | ||||||
Amount of loss reclassified from other comprehensive income | |||||||||
     and recognized as interest expense | 16 | 15 | |||||||
Balance as of September 30: | $ | (94 | ) | $ | (147 | ) | |||
Nine Months Ended September 30, | |||||||||
(In thousands) | 2014 | 2013 | |||||||
Balance as of December 31: | $ | (135 | ) | $ | (195 | ) | |||
Amount of (gains) losses recognized in other comprehensive income | (6 | ) | 2 | ||||||
Amount of loss reclassified from other comprehensive income | |||||||||
     and recognized as interest expense | 47 | 46 | |||||||
Balance as of September 30: | $ | (94 | ) | $ | (147 | ) |
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Abstract] | ' | ||||||||||||||||||||
Changes in the Components of Accumulated Other Comprehensive Income (Loss), Net of Tax | ' | ||||||||||||||||||||
Changes in the components of accumulated other comprehensive income (loss) ("AOCI"), net of tax, for the periods indicated are summarized in the table below. | |||||||||||||||||||||
For the three months ended September 30, 2014 | |||||||||||||||||||||
(In thousands) | Retirement Plans | Unrealized Gains and Losses on Financial Derivative | Unrealized Gains and Losses on Available-for-Sale Securities | Securities reclassified from AFS to HTM | Total | ||||||||||||||||
Beginning balance | $ | (969 | ) | $ | (67 | ) | $ | 461 | $ | (745 | ) | $ | (1,320 | ) | |||||||
Other comprehensive (loss)Â income before reclassifications | - | - | (42 | ) | 17 | (25 | ) | ||||||||||||||
Amounts reclassified from AOCI | 7 | 10 | (2 | ) | - | 15 | |||||||||||||||
Ending balance | $ | (962 | ) | $ | (57 | ) | $ | 417 | $ | (728 | ) | $ | (1,330 | ) | |||||||
For the nine months ended September 30, 2014 | |||||||||||||||||||||
Retirement Plans | Unrealized Gains and Losses on Financial derivative | Unrealized Gains and Losses on Available-for-Sale Securities | Unrealized Loss on Securities Transferred to Held-to-Maturity | Total | |||||||||||||||||
Beginning balance | $ | (982 | ) | $ | (81 | ) | $ | 99 | $ | (781 | ) | $ | (1,745 | ) | |||||||
Other comprehensive (loss) income before reclassifications | - | (4 | ) | 335 | 53 | 384 | |||||||||||||||
Amounts reclassified from AOCI | 20 | 28 | (17 | ) | - | 31 | |||||||||||||||
Ending balance | $ | (962 | ) | $ | (57 | ) | $ | 417 | $ | (728 | ) | $ | (1,330 | ) | |||||||
For the three months ended September 30, 2013 | |||||||||||||||||||||
(In thousands) | Retirement Plans | Unrealized Gains and Losses on Financial derivative | Unrealized Gains and Losses on Available-for-Sale Securities | Securities reclassified from AFS to HTM | Total | ||||||||||||||||
Beginning balance | $ | (2,651 | ) | $ | (91 | ) | $ | (473 | ) | $ | - | $ | (3,215 | ) | |||||||
Other comprehensive (loss) income before reclassifications | - | (5 | ) | 844 | (799 | ) | 40 | ||||||||||||||
Amounts reclassified from AOCI | 57 | 9 | (10 | ) | - | 56 | |||||||||||||||
Ending balance | $ | (2,594 | ) | $ | (87 | ) | $ | 361 | $ | (799 | ) | $ | (3,119 | ) | |||||||
For the nine months ended September 30, 2013 | |||||||||||||||||||||
Retirement Plans | Unrealized Gains and Losses on Financial derivative | Unrealized Gains and Losses on Available-for-Sale Securities | Unrealized Loss on Securities Transferred to Held-to-Maturity | Total | |||||||||||||||||
Beginning balance | $ | (2,765 | ) | $ | (117 | ) | $ | 1,564 | $ | - | $ | (1,318 | ) | ||||||||
Other comprehensive income (loss) before reclassifications | - | 2 | (1,133 | ) | (799 | ) | (1,930 | ) | |||||||||||||
Amounts reclassified from AOCI | 171 | 28 | (70 | ) | - | 129 | |||||||||||||||
Ending balance | $ | (2,594 | ) | $ | (87 | ) | $ | 361 | $ | (799 | ) | $ | (3,119 | ) | |||||||
Schedule of Amounts Reclassified Out of Each Component of AOCI | ' | ||||||||||||||||||||
The following table presents the amounts reclassified out of each component of AOCI for the indicated period: | |||||||||||||||||||||
Amount Reclassified | Amount Reclassified | ||||||||||||||||||||
from AOCI1 | from AOCI1 | ||||||||||||||||||||
(Unaudited) | (Unaudited) | ||||||||||||||||||||
(In thousands) | For the three months ended | For the nine months ended | |||||||||||||||||||
Details about AOCI1 components | 30-Sep-14 | 30-Sep-13 | Affected Line Item in the Statement of Income | 30-Sep-14 | 30-Sep-13 | ||||||||||||||||
Unrealized holding gain on financial derivative: | |||||||||||||||||||||
 Reclassification adjustment for | $ | (16 | ) | $ | (15 | ) |  Interest on long term borrowings | $ | (47 | ) | $ | (46 | ) | ||||||||
   interest expense included in net income | |||||||||||||||||||||
6 | 6 | Â Provision for income taxes | 19 | 18 | |||||||||||||||||
$ | (10 | ) | $ | (9 | ) | Â Net Income | $ | (28 | ) | $ | (28 | ) | |||||||||
Retirement plan items | |||||||||||||||||||||
Retirement plan net losses | |||||||||||||||||||||
   recognized in plan expenses2 | $ | (11 | ) | $ | (95 | ) |  Salaries and employee benefits | $ | (33 | ) | $ | (286 | ) | ||||||||
4 | 38 | Â Provision for income taxes | 13 | 115 | |||||||||||||||||
$ | (7 | ) | $ | (57 | ) | Â Net Income | $ | (20 | ) | $ | (171 | ) | |||||||||
Available-for-sale securities | |||||||||||||||||||||
Realized gain on sale of securities | $ | 3 | $ | 17 | Net gains on sales and redemptions of investment securities | $ | 29 | $ | 116 | ||||||||||||
(1 | ) | (7 | ) | Â Provision for income taxes | (12 | ) | (46 | ) | |||||||||||||
$ | 2 | $ | 10 | Â Net Income | $ | 17 | $ | 70 | |||||||||||||
1 Amounts in parentheses indicates debits in net income. | |||||||||||||||||||||
2 These items are included in net periodic pension cost. | |||||||||||||||||||||
   See Note 5 for additional information. |
Basis_of_Presentation_Details
Basis of Presentation (Details) | Sep. 30, 2014 |
Basis of Presentation [Abstract] | ' |
Membership interest own in Fitzgibbons through subsidiary (in hundredths) | 51.00% |
Consolidation of membership interest in Fitzgibbons (in hundredths) | 100.00% |
Noncontrolling interest by subsidiary (in hundredths) | 49.00% |
Earnings_per_Common_Share_Deta
Earnings per Common Share (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Earnings per Common Share [Abstract] | ' | ' | ' | ' |
Anti-dilutive stock options (in shares) | 10,000 | 0 | 10,000 | 35,000 |
Basic Earnings Per Common Share [Abstract] | ' | ' | ' | ' |
Net income available to common shareholders | $713 | $528 | $1,848 | $1,856 |
Weighted average common shares outstanding (in shares) | 2,537,000 | 2,518,000 | 2,533,000 | 2,515,000 |
Basic earnings per common share (in dollars per share) | $0.28 | $0.21 | $0.73 | $0.74 |
Diluted Earnings Per Common Share [Abstract] | ' | ' | ' | ' |
Net income available to common shareholders | $713 | $528 | $1,848 | $1,856 |
Weighted average common shares outstanding (in shares) | 2,537,000 | 2,518,000 | 2,533,000 | 2,515,000 |
Effect of assumed exercise of stock options (in shares) | 26,000 | 21,000 | 25,000 | 13,000 |
Diluted weighted average common shares outstanding (in shares) | 2,563,000 | 2,539,000 | 2,558,000 | 2,528,000 |
Diluted earnings per common share (in dollar per share) | $0.28 | $0.20 | $0.72 | $0.73 |
Investment_Securities_Details
Investment Securities (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |
Security | Security | ||||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' |
Totals, amortized cost | $91,884,000 | ' | $91,884,000 | ' | ' |
Total investment securities, amortized cost basis | 93,437,000 | ' | 93,437,000 | ' | 80,793,000 |
Gross Unrealized Gains | 1,322,000 | ' | 1,322,000 | ' | 1,244,000 |
Gross Unrealized Losses | -624,000 | ' | -624,000 | ' | -1,078,000 |
Estimated Fair Value | 94,135,000 | ' | 94,135,000 | ' | 80,959,000 |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' | ' | ' | ' |
Held-to-maturity securities, debt maturities, Amortized Cost | 42,477,000 | ' | 42,477,000 | ' | 34,412,000 |
Held to maturity, gross unrealized gains | 1,158,000 | ' | 1,158,000 | ' | 27,000 |
Held to maturity, gross unrealized losses | -6,000 | ' | -6,000 | ' | -217,000 |
Held to maturity, estimated fair value | 43,629,000 | ' | 43,629,000 | ' | 34,222,000 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Unrealized Losses | ' | ' | -6,000 | ' | ' |
Twelve months or more Unrealized Losses | ' | ' | 0 | ' | ' |
Total Unrealized Losses | ' | ' | -6,000 | ' | ' |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Fair Value | 3,757,000 | ' | 3,757,000 | ' | ' |
Twelve months or more Fair Value | 0 | ' | 0 | ' | ' |
Total Fair Value | 3,757,000 | ' | 3,757,000 | ' | ' |
Number of securities in unrealized loss positions, less than twelve months | 4 | ' | 4 | ' | ' |
Number of securities in unrealized loss positions, twelve months or more | 0 | ' | 0 | ' | ' |
Number of securities in unrealized loss positions | 4 | ' | 4 | ' | ' |
Available-for-sale securities, debt maturities, amortized cost [Abstract] | ' | ' | ' | ' | ' |
Due in one year or less, amortized cost | 4,891,000 | ' | 4,891,000 | ' | ' |
Due after one year through five years, amortized cost | 30,645,000 | ' | 30,645,000 | ' | ' |
Due after five years through ten years, amortized cost | 5,003,000 | ' | 5,003,000 | ' | ' |
Due after ten years | 0 | ' | 0 | ' | ' |
Sub-total | 40,539,000 | ' | 40,539,000 | ' | ' |
Residential mortgage-backed - US agency | 33,283,000 | ' | 33,283,000 | ' | ' |
Collateralized mortgage obligations - US agency, amortized cost | 18,062,000 | ' | 18,062,000 | ' | ' |
Totals, amortized cost | 91,884,000 | ' | 91,884,000 | ' | ' |
Available-for-sale securities, debt maturities, Estimated Fair Value [Abstract] | ' | ' | ' | ' | ' |
Due in one year or less, fair value | 4,925,000 | ' | 4,925,000 | ' | ' |
Due after one year through five years, fair value | 30,763,000 | ' | 30,763,000 | ' | ' |
Due after five years through ten years, fair value | 4,926,000 | ' | 4,926,000 | ' | ' |
Due after ten years, fair value | 0 | ' | 0 | ' | ' |
Sub-total | 40,614,000 | ' | 40,614,000 | ' | ' |
Residential mortgage-backed - US agency | 33,438,000 | ' | 33,438,000 | ' | ' |
Collateralized mortgage obligations - US agency, fair value | 18,100,000 | ' | 18,100,000 | ' | ' |
Available-for-sale securities, debt maturities, fair value, totals | 92,152,000 | ' | 92,152,000 | ' | ' |
Held-to-maturity Securities, debt maturities, amortized cost [Abstract] | ' | ' | ' | ' | ' |
Due in one year or less | 185,000 | ' | 185,000 | ' | ' |
Due after one year through five years | 4,908,000 | ' | 4,908,000 | ' | ' |
Due after five years through ten years | 16,635,000 | ' | 16,635,000 | ' | ' |
Due after ten years | 9,577,000 | ' | 9,577,000 | ' | ' |
Sub-total | 31,305,000 | ' | 31,305,000 | ' | ' |
Residential mortgage-backed - US agency | 8,275,000 | ' | 8,275,000 | ' | ' |
Collateralized mortgage obligations - US agency | 2,897,000 | ' | 2,897,000 | ' | ' |
Held-to-maturity securities, debt maturities, Amortized Cost | 42,477,000 | ' | 42,477,000 | ' | 34,412,000 |
Held-to-maturity Securities, debt maturities, Estimated Fair Value [Abstract] | ' | ' | ' | ' | ' |
Due in one year or less | 185,000 | ' | 185,000 | ' | ' |
Due after one year through five years | 4,910,000 | ' | 4,910,000 | ' | ' |
Due after five years through ten years | 17,037,000 | ' | 17,037,000 | ' | ' |
Due after ten years | 10,134,000 | ' | 10,134,000 | ' | ' |
Sub-total | 32,266,000 | ' | 32,266,000 | ' | ' |
Residential mortgage-backed - US agency | 8,387,000 | ' | 8,387,000 | ' | ' |
Collateralized mortgage obligations - US agency | 2,976,000 | ' | 2,976,000 | ' | ' |
Held-to-maturity Securities, Debt Maturities, Fair Value | 43,629,000 | ' | 43,629,000 | ' | 34,222,000 |
Gain (Loss) on Sale of Investments [Abstract] | ' | ' | ' | ' | ' |
Realized gains | 3,000 | 17,000 | 29,000 | 121,000 | ' |
Realized losses | 0 | 0 | 0 | -5,000 | ' |
Total | 3,000 | 17,000 | 29,000 | 116,000 | ' |
Securities Pledged to Collateralize Deposit | 62,200,000 | ' | 62,200,000 | ' | 58,600,000 |
Securities Pledged to Collateralize Borrowing | 19,900,000 | ' | 19,900,000 | ' | 21,600,000 |
US Treasury, agencies and GSEs [Member] | ' | ' | ' | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' | ' | ' | ' |
Held-to-maturity securities, debt maturities, Amortized Cost | 4,827,000 | ' | 4,827,000 | ' | 1,872,000 |
Held to maturity, gross unrealized gains | 17,000 | ' | 17,000 | ' | 0 |
Held to maturity, gross unrealized losses | -4,000 | ' | -4,000 | ' | -25,000 |
Held to maturity, estimated fair value | 4,840,000 | ' | 4,840,000 | ' | 1,847,000 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Unrealized Losses | ' | ' | -4,000 | ' | ' |
Twelve months or more Unrealized Losses | ' | ' | 0 | ' | ' |
Total Unrealized Losses | ' | ' | -4,000 | ' | ' |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Fair Value | 1,976,000 | ' | 1,976,000 | ' | ' |
Twelve months or more Fair Value | 0 | ' | 0 | ' | ' |
Total Fair Value | 1,976,000 | ' | 1,976,000 | ' | ' |
Number of securities in unrealized loss positions, less than twelve months | 2 | ' | 2 | ' | ' |
Number of securities in unrealized loss positions, twelve months or more | 0 | ' | 0 | ' | ' |
Number of securities in unrealized loss positions | 2 | ' | 2 | ' | ' |
Held-to-maturity Securities, debt maturities, amortized cost [Abstract] | ' | ' | ' | ' | ' |
Held-to-maturity securities, debt maturities, Amortized Cost | 4,827,000 | ' | 4,827,000 | ' | 1,872,000 |
Held-to-maturity Securities, debt maturities, Estimated Fair Value [Abstract] | ' | ' | ' | ' | ' |
Held-to-maturity Securities, Debt Maturities, Fair Value | 4,840,000 | ' | 4,840,000 | ' | 1,847,000 |
State and Political Subdivisions [Member] | ' | ' | ' | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' | ' | ' | ' |
Held-to-maturity securities, debt maturities, Amortized Cost | 22,807,000 | ' | 22,807,000 | ' | 21,371,000 |
Held to maturity, gross unrealized gains | 780,000 | ' | 780,000 | ' | 11,000 |
Held to maturity, gross unrealized losses | -2,000 | ' | -2,000 | ' | -118,000 |
Held to maturity, estimated fair value | 23,585,000 | ' | 23,585,000 | ' | 21,264,000 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Unrealized Losses | ' | ' | -2,000 | ' | ' |
Twelve months or more Unrealized Losses | ' | ' | 0 | ' | ' |
Total Unrealized Losses | ' | ' | -2,000 | ' | ' |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Fair Value | 1,470,000 | ' | 1,470,000 | ' | ' |
Twelve months or more Fair Value | 0 | ' | 0 | ' | ' |
Total Fair Value | 1,470,000 | ' | 1,470,000 | ' | ' |
Number of securities in unrealized loss positions, less than twelve months | 1 | ' | 1 | ' | ' |
Number of securities in unrealized loss positions, twelve months or more | 0 | ' | 0 | ' | ' |
Number of securities in unrealized loss positions | 1 | ' | 1 | ' | ' |
Held-to-maturity Securities, debt maturities, amortized cost [Abstract] | ' | ' | ' | ' | ' |
Held-to-maturity securities, debt maturities, Amortized Cost | 22,807,000 | ' | 22,807,000 | ' | 21,371,000 |
Held-to-maturity Securities, debt maturities, Estimated Fair Value [Abstract] | ' | ' | ' | ' | ' |
Held-to-maturity Securities, Debt Maturities, Fair Value | 23,585,000 | ' | 23,585,000 | ' | 21,264,000 |
Corporate [Member] | ' | ' | ' | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' | ' | ' | ' |
Held-to-maturity securities, debt maturities, Amortized Cost | 3,671,000 | ' | 3,671,000 | ' | 3,746,000 |
Held to maturity, gross unrealized gains | 170,000 | ' | 170,000 | ' | 16,000 |
Held to maturity, gross unrealized losses | 0 | ' | 0 | ' | -44,000 |
Held to maturity, estimated fair value | 3,841,000 | ' | 3,841,000 | ' | 3,718,000 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Unrealized Losses | ' | ' | 0 | ' | ' |
Twelve months or more Unrealized Losses | ' | ' | 0 | ' | ' |
Total Unrealized Losses | ' | ' | 0 | ' | ' |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Fair Value | 311,000 | ' | 311,000 | ' | ' |
Twelve months or more Fair Value | 0 | ' | 0 | ' | ' |
Total Fair Value | 311,000 | ' | 311,000 | ' | ' |
Number of securities in unrealized loss positions, less than twelve months | 1 | ' | 1 | ' | ' |
Number of securities in unrealized loss positions, twelve months or more | 0 | ' | 0 | ' | ' |
Number of securities in unrealized loss positions | 1 | ' | 1 | ' | ' |
Held-to-maturity Securities, debt maturities, amortized cost [Abstract] | ' | ' | ' | ' | ' |
Held-to-maturity securities, debt maturities, Amortized Cost | 3,671,000 | ' | 3,671,000 | ' | 3,746,000 |
Held-to-maturity Securities, debt maturities, Estimated Fair Value [Abstract] | ' | ' | ' | ' | ' |
Held-to-maturity Securities, Debt Maturities, Fair Value | 3,841,000 | ' | 3,841,000 | ' | 3,718,000 |
Residential mortgage-backed - US agency [Member] | ' | ' | ' | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' | ' | ' | ' |
Held-to-maturity securities, debt maturities, Amortized Cost | 8,275,000 | ' | 8,275,000 | ' | 5,556,000 |
Held to maturity, gross unrealized gains | 112,000 | ' | 112,000 | ' | 0 |
Held to maturity, gross unrealized losses | 0 | ' | 0 | ' | -30,000 |
Held to maturity, estimated fair value | 8,387,000 | ' | 8,387,000 | ' | 5,526,000 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Unrealized Losses | ' | ' | 0 | ' | ' |
Twelve months or more Unrealized Losses | ' | ' | 0 | ' | ' |
Total Unrealized Losses | ' | ' | 0 | ' | ' |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Fair Value | 0 | ' | 0 | ' | ' |
Twelve months or more Fair Value | 0 | ' | 0 | ' | ' |
Total Fair Value | 0 | ' | 0 | ' | ' |
Number of securities in unrealized loss positions, less than twelve months | 0 | ' | 0 | ' | ' |
Number of securities in unrealized loss positions, twelve months or more | 0 | ' | 0 | ' | ' |
Number of securities in unrealized loss positions | 0 | ' | 0 | ' | ' |
Held-to-maturity Securities, debt maturities, amortized cost [Abstract] | ' | ' | ' | ' | ' |
Held-to-maturity securities, debt maturities, Amortized Cost | 8,275,000 | ' | 8,275,000 | ' | 5,556,000 |
Held-to-maturity Securities, debt maturities, Estimated Fair Value [Abstract] | ' | ' | ' | ' | ' |
Held-to-maturity Securities, Debt Maturities, Fair Value | 8,387,000 | ' | 8,387,000 | ' | 5,526,000 |
Collateralized mortgage obligations - US agency [Member] | ' | ' | ' | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' | ' | ' | ' |
Held-to-maturity securities, debt maturities, Amortized Cost | 2,897,000 | ' | 2,897,000 | ' | 1,867,000 |
Held to maturity, gross unrealized gains | 79,000 | ' | 79,000 | ' | 0 |
Held to maturity, gross unrealized losses | 0 | ' | 0 | ' | 0 |
Held to maturity, estimated fair value | 2,976,000 | ' | 2,976,000 | ' | 1,867,000 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Unrealized Losses | ' | ' | 0 | ' | ' |
Twelve months or more Unrealized Losses | ' | ' | 0 | ' | ' |
Total Unrealized Losses | ' | ' | 0 | ' | ' |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Fair Value | 0 | ' | 0 | ' | ' |
Twelve months or more Fair Value | 0 | ' | 0 | ' | ' |
Total Fair Value | 0 | ' | 0 | ' | ' |
Number of securities in unrealized loss positions, less than twelve months | 0 | ' | 0 | ' | ' |
Number of securities in unrealized loss positions, twelve months or more | 0 | ' | 0 | ' | ' |
Number of securities in unrealized loss positions | 0 | ' | 0 | ' | ' |
Held-to-maturity Securities, debt maturities, amortized cost [Abstract] | ' | ' | ' | ' | ' |
Held-to-maturity securities, debt maturities, Amortized Cost | 2,897,000 | ' | 2,897,000 | ' | 1,867,000 |
Held-to-maturity Securities, debt maturities, Estimated Fair Value [Abstract] | ' | ' | ' | ' | ' |
Held-to-maturity Securities, Debt Maturities, Fair Value | 2,976,000 | ' | 2,976,000 | ' | 1,867,000 |
Debt Securities [Member] | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' |
Totals, amortized cost | 91,884,000 | ' | 91,884,000 | ' | 79,240,000 |
Gross Unrealized Gains, Debt investment securities | 892,000 | ' | 892,000 | ' | 860,000 |
Gross Unrealized Losses, Debt investment securities | -624,000 | ' | -624,000 | ' | -1,078,000 |
Available-for-sale Securities, Debt investment securities | 92,152,000 | ' | 92,152,000 | ' | 79,022,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Unrealized Losses | ' | ' | -86,000 | ' | ' |
Twelve months or more Unrealized Losses | ' | ' | -538,000 | ' | ' |
Total Unrealized Losses | ' | ' | -624,000 | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Fair Value | 20,273,000 | ' | 20,273,000 | ' | ' |
Twelve months or more Fair Value | 24,182,000 | ' | 24,182,000 | ' | ' |
Total Fair Value | 44,455,000 | ' | 44,455,000 | ' | ' |
Number of securities in unrealized loss positions, less than twelve months | 23 | ' | 23 | ' | ' |
Number of securities in unrealized loss positions, twelve months or more | 24 | ' | 24 | ' | ' |
Number of securities in unrealized loss positions | 47 | ' | 47 | ' | ' |
Available-for-sale securities, debt maturities, amortized cost [Abstract] | ' | ' | ' | ' | ' |
Totals, amortized cost | 91,884,000 | ' | 91,884,000 | ' | 79,240,000 |
US Treasury, agencies and GSEs [Member] | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' |
Totals, amortized cost | 18,900,000 | ' | 18,900,000 | ' | 16,935,000 |
Gross Unrealized Gains, Debt investment securities | 3,000 | ' | 3,000 | ' | 2,000 |
Gross Unrealized Losses, Debt investment securities | -184,000 | ' | -184,000 | ' | -340,000 |
Available-for-sale Securities, Debt investment securities | 18,719,000 | ' | 18,719,000 | ' | 16,597,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Unrealized Losses | ' | ' | -5,000 | ' | ' |
Twelve months or more Unrealized Losses | ' | ' | -179,000 | ' | ' |
Total Unrealized Losses | ' | ' | -184,000 | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Fair Value | 4,006,000 | ' | 4,006,000 | ' | ' |
Twelve months or more Fair Value | 11,810,000 | ' | 11,810,000 | ' | ' |
Total Fair Value | 15,816,000 | ' | 15,816,000 | ' | ' |
Number of securities in unrealized loss positions, less than twelve months | 3 | ' | 3 | ' | ' |
Number of securities in unrealized loss positions, twelve months or more | 11 | ' | 11 | ' | ' |
Number of securities in unrealized loss positions | 14 | ' | 14 | ' | ' |
Available-for-sale securities, debt maturities, amortized cost [Abstract] | ' | ' | ' | ' | ' |
Totals, amortized cost | 18,900,000 | ' | 18,900,000 | ' | 16,935,000 |
State and Political Subdivisions [Member] | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' |
Totals, amortized cost | 7,838,000 | ' | 7,838,000 | ' | 6,429,000 |
Gross Unrealized Gains, Debt investment securities | 131,000 | ' | 131,000 | ' | 164,000 |
Gross Unrealized Losses, Debt investment securities | -3,000 | ' | -3,000 | ' | -6,000 |
Available-for-sale Securities, Debt investment securities | 7,966,000 | ' | 7,966,000 | ' | 6,587,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Unrealized Losses | ' | ' | -3,000 | ' | ' |
Twelve months or more Unrealized Losses | ' | ' | 0 | ' | ' |
Total Unrealized Losses | ' | ' | -3,000 | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Fair Value | 1,045,000 | ' | 1,045,000 | ' | ' |
Twelve months or more Fair Value | 91,000 | ' | 91,000 | ' | ' |
Total Fair Value | 1,136,000 | ' | 1,136,000 | ' | ' |
Number of securities in unrealized loss positions, less than twelve months | 3 | ' | 3 | ' | ' |
Number of securities in unrealized loss positions, twelve months or more | 1 | ' | 1 | ' | ' |
Number of securities in unrealized loss positions | 4 | ' | 4 | ' | ' |
Available-for-sale securities, debt maturities, amortized cost [Abstract] | ' | ' | ' | ' | ' |
Totals, amortized cost | 7,838,000 | ' | 7,838,000 | ' | 6,429,000 |
Corporate [Member] | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' |
Totals, amortized cost | 13,801,000 | ' | 13,801,000 | ' | 13,498,000 |
Gross Unrealized Gains, Debt investment securities | 153,000 | ' | 153,000 | ' | 198,000 |
Gross Unrealized Losses, Debt investment securities | -25,000 | ' | -25,000 | ' | 0 |
Available-for-sale Securities, Debt investment securities | 13,929,000 | ' | 13,929,000 | ' | 13,696,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Unrealized Losses | ' | ' | -25,000 | ' | ' |
Twelve months or more Unrealized Losses | ' | ' | 0 | ' | ' |
Total Unrealized Losses | ' | ' | -25,000 | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Fair Value | 4,999,000 | ' | 4,999,000 | ' | ' |
Twelve months or more Fair Value | 0 | ' | 0 | ' | ' |
Total Fair Value | 4,999,000 | ' | 4,999,000 | ' | ' |
Number of securities in unrealized loss positions, less than twelve months | 8 | ' | 8 | ' | ' |
Number of securities in unrealized loss positions, twelve months or more | 0 | ' | 0 | ' | ' |
Number of securities in unrealized loss positions | 8 | ' | 8 | ' | ' |
Number of securities rated below A3 or better | 2 | ' | 2 | ' | ' |
Available-for-sale securities, debt maturities, amortized cost [Abstract] | ' | ' | ' | ' | ' |
Totals, amortized cost | 13,801,000 | ' | 13,801,000 | ' | 13,498,000 |
Residential mortgage-backed - US agency [Member] | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' |
Totals, amortized cost | 33,283,000 | ' | 33,283,000 | ' | 22,231,000 |
Gross Unrealized Gains, Debt investment securities | 388,000 | ' | 388,000 | ' | 332,000 |
Gross Unrealized Losses, Debt investment securities | -233,000 | ' | -233,000 | ' | -424,000 |
Available-for-sale Securities, Debt investment securities | 33,438,000 | ' | 33,438,000 | ' | 22,139,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Unrealized Losses | ' | ' | -14,000 | ' | ' |
Twelve months or more Unrealized Losses | ' | ' | -219,000 | ' | ' |
Total Unrealized Losses | ' | ' | -233,000 | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Fair Value | 7,428,000 | ' | 7,428,000 | ' | ' |
Twelve months or more Fair Value | 8,177,000 | ' | 8,177,000 | ' | ' |
Total Fair Value | 15,605,000 | ' | 15,605,000 | ' | ' |
Number of securities in unrealized loss positions, less than twelve months | 6 | ' | 6 | ' | ' |
Number of securities in unrealized loss positions, twelve months or more | 7 | ' | 7 | ' | ' |
Number of securities in unrealized loss positions | 13 | ' | 13 | ' | ' |
Available-for-sale securities, debt maturities, amortized cost [Abstract] | ' | ' | ' | ' | ' |
Totals, amortized cost | 33,283,000 | ' | 33,283,000 | ' | 22,231,000 |
Collateralized mortgage obligations - US agency [Member] | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' |
Totals, amortized cost | 18,062,000 | ' | 18,062,000 | ' | 20,147,000 |
Gross Unrealized Gains, Debt investment securities | 217,000 | ' | 217,000 | ' | 164,000 |
Gross Unrealized Losses, Debt investment securities | -179,000 | ' | -179,000 | ' | -308,000 |
Available-for-sale Securities, Debt investment securities | 18,100,000 | ' | 18,100,000 | ' | 20,003,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Unrealized Losses | ' | ' | -39,000 | ' | ' |
Twelve months or more Unrealized Losses | ' | ' | -140,000 | ' | ' |
Total Unrealized Losses | ' | ' | -179,000 | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' | ' | ' | ' |
Less than twelve months Fair Value | 2,795,000 | ' | 2,795,000 | ' | ' |
Twelve months or more Fair Value | 4,104,000 | ' | 4,104,000 | ' | ' |
Total Fair Value | 6,899,000 | ' | 6,899,000 | ' | ' |
Number of securities in unrealized loss positions, less than twelve months | 3 | ' | 3 | ' | ' |
Number of securities in unrealized loss positions, twelve months or more | 5 | ' | 5 | ' | ' |
Number of securities in unrealized loss positions | 8 | ' | 8 | ' | ' |
Available-for-sale securities, debt maturities, amortized cost [Abstract] | ' | ' | ' | ' | ' |
Totals, amortized cost | 18,062,000 | ' | 18,062,000 | ' | 20,147,000 |
Agency and Municipal Securities [Member] | Minimum [Member] | ' | ' | ' | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' | ' | ' | ' |
Securities in insignificant unrealized loss position to current value (in hundredths) | 0.10% | ' | 0.10% | ' | ' |
Agency and Municipal Securities [Member] | Maximum [Member] | ' | ' | ' | ' | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract] | ' | ' | ' | ' | ' |
Securities in insignificant unrealized loss position to current value (in hundredths) | 4.30% | ' | 4.30% | ' | ' |
Equity Securities [Member] | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' |
Amortized cost, equity securities | 1,553,000 | ' | 1,553,000 | ' | 1,553,000 |
Gross Unrealized Gains, Equity investment securities | 430,000 | ' | 430,000 | ' | 384,000 |
Gross Unrealized Losses, Equity investment securities | 0 | ' | 0 | ' | 0 |
Available-for-sale Securities, Equity investment securities | 1,983,000 | ' | 1,983,000 | ' | 1,937,000 |
Mutual Funds Ultra Short Mortgage Funds [Member] | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' |
Amortized cost, equity securities | 643,000 | ' | 643,000 | ' | 643,000 |
Gross Unrealized Gains, Equity investment securities | 4,000 | ' | 4,000 | ' | 5,000 |
Gross Unrealized Losses, Equity investment securities | 0 | ' | 0 | ' | 0 |
Available-for-sale Securities, Equity investment securities | 647,000 | ' | 647,000 | ' | 648,000 |
Mutual Funds Large Cap Equity Fund [Member] | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' |
Amortized cost, equity securities | 456,000 | ' | 456,000 | ' | 456,000 |
Gross Unrealized Gains, Equity investment securities | 216,000 | ' | 216,000 | ' | 195,000 |
Gross Unrealized Losses, Equity investment securities | 0 | ' | 0 | ' | 0 |
Available-for-sale Securities, Equity investment securities | 672,000 | ' | 672,000 | ' | 651,000 |
Other Mutual Funds [Member] | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' |
Amortized cost, equity securities | 183,000 | ' | 183,000 | ' | 183,000 |
Gross Unrealized Gains, Equity investment securities | 194,000 | ' | 194,000 | ' | 162,000 |
Gross Unrealized Losses, Equity investment securities | 0 | ' | 0 | ' | 0 |
Available-for-sale Securities, Equity investment securities | 377,000 | ' | 377,000 | ' | 345,000 |
Mutual funds Common Stock Financial Services Industry [Member] | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' |
Amortized cost, equity securities | 271,000 | ' | 271,000 | ' | 271,000 |
Gross Unrealized Gains, Equity investment securities | 16,000 | ' | 16,000 | ' | 22,000 |
Gross Unrealized Losses, Equity investment securities | 0 | ' | 0 | ' | 0 |
Available-for-sale Securities, Equity investment securities | $287,000 | ' | $287,000 | ' | $293,000 |
Pension_and_Postretirement_Ben2
Pension and Postretirement Benefits (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 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Minimum years of service to participate in the health and life insurance benefits as of January 1, 1995 | ' | ' | '14 years | ' |
Pension Benefits [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service cost | $0 | $0 | $0 | $0 |
Interest cost | 102 | 95 | 305 | 284 |
Expected return on plan assets | -236 | -214 | -707 | -640 |
Amortization of net losses | 8 | 90 | 23 | 270 |
Net periodic benefit plan (benefit) cost | -126 | -29 | -379 | -86 |
Postretirement Benefits [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service cost | 0 | 0 | 0 | 0 |
Interest cost | 5 | 4 | 14 | 13 |
Expected return on plan assets | 0 | 0 | 0 | 0 |
Amortization of net losses | 3 | 5 | 10 | 15 |
Net periodic benefit plan (benefit) cost | $8 | $9 | $24 | $28 |
Loans_Details
Loans (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
Notes, Loans and Financing Receivable, Net [Abstract] | ' | ' | ' |
Total loans | $374,042,000 | $341,333,000 | $337,767,000 |
Net deferred loan costs | 215,000 | 300,000 | ' |
Less allowance for loan losses | -5,171,000 | -5,041,000 | ' |
Loans receivable, net | 369,086,000 | 336,592,000 | ' |
Residential Mortgage Loans [Member] | ' | ' | ' |
Notes, Loans and Financing Receivable, Net [Abstract] | ' | ' | ' |
Total loans | 172,320,000 | 168,280,000 | ' |
Residential mortgage loans pledged to FHLBNY as blanket collateral | 120,200,000 | 114,800,000 | ' |
1-4 Family First Lien Residential Mortgage [Member] | ' | ' | ' |
Notes, Loans and Financing Receivable, Net [Abstract] | ' | ' | ' |
Total loans | 170,424,000 | 166,298,000 | ' |
Construction [Member] | ' | ' | ' |
Notes, Loans and Financing Receivable, Net [Abstract] | ' | ' | ' |
Total loans | 1,896,000 | 1,982,000 | ' |
Commercial Loans [Member] | ' | ' | ' |
Notes, Loans and Financing Receivable, Net [Abstract] | ' | ' | ' |
Total loans | 175,937,000 | 147,777,000 | ' |
Real Estate [Member] | ' | ' | ' |
Notes, Loans and Financing Receivable, Net [Abstract] | ' | ' | ' |
Total loans | 119,453,000 | 95,536,000 | ' |
Lines of Credit [Member] | ' | ' | ' |
Notes, Loans and Financing Receivable, Net [Abstract] | ' | ' | ' |
Total loans | 16,568,000 | 14,444,000 | ' |
Other Commercial and Industrial [Member] | ' | ' | ' |
Notes, Loans and Financing Receivable, Net [Abstract] | ' | ' | ' |
Total loans | 36,994,000 | 32,675,000 | ' |
Municipal [Member] | ' | ' | ' |
Notes, Loans and Financing Receivable, Net [Abstract] | ' | ' | ' |
Total loans | 2,922,000 | 5,122,000 | ' |
Consumer Loans [Member] | ' | ' | ' |
Notes, Loans and Financing Receivable, Net [Abstract] | ' | ' | ' |
Total loans | 25,785,000 | 25,276,000 | ' |
Home Equity and Junior Liens [Member] | ' | ' | ' |
Notes, Loans and Financing Receivable, Net [Abstract] | ' | ' | ' |
Total loans | 21,724,000 | 21,110,000 | ' |
Other Consumer [Member] | ' | ' | ' |
Notes, Loans and Financing Receivable, Net [Abstract] | ' | ' | ' |
Total loans | $4,061,000 | $4,166,000 | ' |
Loans_Credit_Quality_Indicator
Loans, Credit Quality Indicator Details (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | $374,042 | $341,333 | $337,767 |
Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 358,001 | 324,986 | ' |
Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 3,289 | 4,112 | ' |
Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 11,228 | 11,970 | ' |
Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 1,524 | 265 | ' |
Residential Mortgage Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 172,320 | 168,280 | ' |
Residential Mortgage Loans [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 166,682 | 161,995 | ' |
Residential Mortgage Loans [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 907 | 1,649 | ' |
Residential Mortgage Loans [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 3,561 | 4,622 | ' |
Residential Mortgage Loans [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 1,170 | 14 | ' |
1-4 Family First Lien Residential Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 170,424 | 166,298 | 165,363 |
1-4 Family First Lien Residential Mortgage [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 164,786 | 160,013 | ' |
1-4 Family First Lien Residential Mortgage [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 907 | 1,649 | ' |
1-4 Family First Lien Residential Mortgage [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 3,561 | 4,622 | ' |
1-4 Family First Lien Residential Mortgage [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 1,170 | 14 | ' |
Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 1,896 | 1,982 | ' |
Construction [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 1,896 | 1,982 | ' |
Construction [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 0 | 0 | ' |
Construction [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 0 | 0 | ' |
Construction [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 0 | 0 | ' |
Commercial Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 175,937 | 147,777 | ' |
Commercial Loans [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 166,603 | 139,384 | ' |
Commercial Loans [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 2,030 | 1,946 | ' |
Commercial Loans [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 7,056 | 6,298 | ' |
Commercial Loans [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 248 | 149 | ' |
Real Estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 119,453 | 95,536 | ' |
Real Estate [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 112,788 | 90,162 | ' |
Real Estate [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 1,180 | 918 | ' |
Real Estate [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 5,273 | 4,456 | ' |
Real Estate [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 212 | 0 | ' |
Lines of Credit [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 16,568 | 14,444 | ' |
Lines of Credit [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 15,295 | 12,941 | ' |
Lines of Credit [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 403 | 560 | ' |
Lines of Credit [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 864 | 943 | ' |
Lines of Credit [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 6 | 0 | ' |
Other Commercial and Industrial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 36,994 | 32,675 | 33,037 |
Other Commercial and Industrial [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 35,598 | 31,159 | ' |
Other Commercial and Industrial [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 447 | 468 | ' |
Other Commercial and Industrial [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 919 | 899 | ' |
Other Commercial and Industrial [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 30 | 149 | ' |
Municipal [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 2,922 | 5,122 | 4,968 |
Municipal [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 2,922 | 5,122 | ' |
Municipal [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 0 | 0 | ' |
Municipal [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 0 | 0 | ' |
Municipal [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 0 | 0 | ' |
Consumer Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 25,785 | 25,276 | ' |
Consumer Loans [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 24,716 | 23,607 | ' |
Consumer Loans [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 352 | 517 | ' |
Consumer Loans [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 611 | 1,050 | ' |
Consumer Loans [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 106 | 102 | ' |
Home Equity and Junior Liens [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 21,724 | 21,110 | 20,917 |
Home Equity and Junior Liens [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 20,712 | 19,567 | ' |
Home Equity and Junior Liens [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 342 | 487 | ' |
Home Equity and Junior Liens [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 564 | 976 | ' |
Home Equity and Junior Liens [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 106 | 80 | ' |
Other Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 4,061 | 4,166 | 4,009 |
Other Consumer [Member] | Pass [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 4,004 | 4,040 | ' |
Other Consumer [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 10 | 30 | ' |
Other Consumer [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | 47 | 74 | ' |
Other Consumer [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans | $0 | $22 | ' |
Loans_NonAccrual_And_Past_Due_
Loans, Non-Accrual And Past Due Loans (Details) (USD $) | 9 Months Ended | ||
Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | |
Loan | |||
Age analysis of past due loans receivable [Abstract] | ' | ' | ' |
30 to 59 Days Past Due And Accruing | $3,535,000 | $7,006,000 | ' |
60 to 89 Days Past Due And Accruing | 2,336,000 | 5,107,000 | ' |
90 Days and Over | 7,442,000 | 5,350,000 | ' |
Total Past Due | 13,313,000 | 17,463,000 | ' |
Current | 360,729,000 | 323,870,000 | ' |
Total Loans Receivable | 374,042,000 | 341,333,000 | 337,767,000 |
Nonaccrual loans, Segregated by class of loans [Abstract] | ' | ' | ' |
Nonaccrual status loans | 7,442,000 | 5,350,000 | ' |
Ninety days past due and still accruing interest | 0 | 0 | ' |
Payment default within the twelve month period | 0 | ' | ' |
Residential Mortgage Loans [Member] | ' | ' | ' |
Age analysis of past due loans receivable [Abstract] | ' | ' | ' |
30 to 59 Days Past Due And Accruing | 2,018,000 | 2,213,000 | ' |
60 to 89 Days Past Due And Accruing | 591,000 | 1,472,000 | ' |
90 Days and Over | 2,028,000 | 2,194,000 | ' |
Total Past Due | 4,637,000 | 5,879,000 | ' |
Current | 167,683,000 | 162,401,000 | ' |
Total Loans Receivable | 172,320,000 | 168,280,000 | ' |
Nonaccrual loans, Segregated by class of loans [Abstract] | ' | ' | ' |
Nonaccrual status loans | 2,028,000 | 2,194,000 | ' |
1-4 Family First Lien Residential Mortgage [Member] | ' | ' | ' |
Age analysis of past due loans receivable [Abstract] | ' | ' | ' |
30 to 59 Days Past Due And Accruing | 2,018,000 | 2,213,000 | ' |
60 to 89 Days Past Due And Accruing | 591,000 | 1,472,000 | ' |
90 Days and Over | 2,028,000 | 2,194,000 | ' |
Total Past Due | 4,637,000 | 5,879,000 | ' |
Current | 165,787,000 | 160,419,000 | ' |
Total Loans Receivable | 170,424,000 | 166,298,000 | 165,363,000 |
Nonaccrual loans, Segregated by class of loans [Abstract] | ' | ' | ' |
Nonaccrual status loans | 2,028,000 | 2,194,000 | ' |
Construction [Member] | ' | ' | ' |
Age analysis of past due loans receivable [Abstract] | ' | ' | ' |
30 to 59 Days Past Due And Accruing | 0 | 0 | ' |
60 to 89 Days Past Due And Accruing | 0 | 0 | ' |
90 Days and Over | 0 | 0 | ' |
Total Past Due | 0 | 0 | ' |
Current | 1,896,000 | 1,982,000 | ' |
Total Loans Receivable | 1,896,000 | 1,982,000 | ' |
Commercial Loans [Member] | ' | ' | ' |
Age analysis of past due loans receivable [Abstract] | ' | ' | ' |
30 to 59 Days Past Due And Accruing | 1,217,000 | 3,793,000 | ' |
60 to 89 Days Past Due And Accruing | 1,693,000 | 3,303,000 | ' |
90 Days and Over | 5,159,000 | 2,709,000 | ' |
Total Past Due | 8,069,000 | 9,805,000 | ' |
Current | 167,868,000 | 137,972,000 | ' |
Total Loans Receivable | 175,937,000 | 147,777,000 | ' |
Nonaccrual loans, Segregated by class of loans [Abstract] | ' | ' | ' |
Nonaccrual status loans | 5,159,000 | 2,709,000 | ' |
Commercial Real Estate [Member] | ' | ' | ' |
Age analysis of past due loans receivable [Abstract] | ' | ' | ' |
30 to 59 Days Past Due And Accruing | 533,000 | 1,407,000 | ' |
60 to 89 Days Past Due And Accruing | 321,000 | 1,901,000 | ' |
90 Days and Over | 3,729,000 | 1,934,000 | ' |
Total Past Due | 4,583,000 | 5,242,000 | ' |
Current | 114,870,000 | 90,294,000 | ' |
Total Loans Receivable | 119,453,000 | 95,536,000 | ' |
Nonaccrual loans, Segregated by class of loans [Abstract] | ' | ' | ' |
Nonaccrual status loans | 3,729,000 | 1,934,000 | ' |
Recorded investment in new TDRs | 565,000 | ' | ' |
Pre-modification recorded investment | 74,000 | ' | ' |
Financing Receivable, Modifications, Post-Modification Recorded Investment | 96,000 | ' | ' |
Additional working capital | 100,000 | ' | ' |
Specific Reserve | 469,000 | ' | ' |
Additional specific reserve required against the loan | 108,000 | ' | ' |
Lines of Credit [Member] | ' | ' | ' |
Age analysis of past due loans receivable [Abstract] | ' | ' | ' |
30 to 59 Days Past Due And Accruing | 20,000 | 341,000 | ' |
60 to 89 Days Past Due And Accruing | 801,000 | 113,000 | ' |
90 Days and Over | 298,000 | 381,000 | ' |
Total Past Due | 1,119,000 | 835,000 | ' |
Current | 15,449,000 | 13,609,000 | ' |
Total Loans Receivable | 16,568,000 | 14,444,000 | ' |
Nonaccrual loans, Segregated by class of loans [Abstract] | ' | ' | ' |
Nonaccrual status loans | 298,000 | 381,000 | ' |
Other Commercial and Industrial [Member] | ' | ' | ' |
Age analysis of past due loans receivable [Abstract] | ' | ' | ' |
30 to 59 Days Past Due And Accruing | 664,000 | 2,045,000 | ' |
60 to 89 Days Past Due And Accruing | 571,000 | 1,289,000 | ' |
90 Days and Over | 1,132,000 | 394,000 | ' |
Total Past Due | 2,367,000 | 3,728,000 | ' |
Current | 34,627,000 | 28,947,000 | ' |
Total Loans Receivable | 36,994,000 | 32,675,000 | 33,037,000 |
Nonaccrual loans, Segregated by class of loans [Abstract] | ' | ' | ' |
Nonaccrual status loans | 1,132,000 | 394,000 | ' |
Municipal [Member] | ' | ' | ' |
Age analysis of past due loans receivable [Abstract] | ' | ' | ' |
30 to 59 Days Past Due And Accruing | 0 | 0 | ' |
60 to 89 Days Past Due And Accruing | 0 | 0 | ' |
90 Days and Over | 0 | 0 | ' |
Total Past Due | 0 | 0 | ' |
Current | 2,922,000 | 5,122,000 | ' |
Total Loans Receivable | 2,922,000 | 5,122,000 | 4,968,000 |
Consumer Loans [Member] | ' | ' | ' |
Age analysis of past due loans receivable [Abstract] | ' | ' | ' |
30 to 59 Days Past Due And Accruing | 300,000 | 1,000,000 | ' |
60 to 89 Days Past Due And Accruing | 52,000 | 332,000 | ' |
90 Days and Over | 255,000 | 447,000 | ' |
Total Past Due | 607,000 | 1,779,000 | ' |
Current | 25,178,000 | 23,497,000 | ' |
Total Loans Receivable | 25,785,000 | 25,276,000 | ' |
Nonaccrual loans, Segregated by class of loans [Abstract] | ' | ' | ' |
Nonaccrual status loans | 255,000 | 447,000 | ' |
Home Equity and Junior Liens [Member] | ' | ' | ' |
Age analysis of past due loans receivable [Abstract] | ' | ' | ' |
30 to 59 Days Past Due And Accruing | 289,000 | 954,000 | ' |
60 to 89 Days Past Due And Accruing | 52,000 | 281,000 | ' |
90 Days and Over | 243,000 | 402,000 | ' |
Total Past Due | 584,000 | 1,637,000 | ' |
Current | 21,140,000 | 19,473,000 | ' |
Total Loans Receivable | 21,724,000 | 21,110,000 | 20,917,000 |
Nonaccrual loans, Segregated by class of loans [Abstract] | ' | ' | ' |
Nonaccrual status loans | 243,000 | 402,000 | ' |
Other Consumer [Member] | ' | ' | ' |
Age analysis of past due loans receivable [Abstract] | ' | ' | ' |
30 to 59 Days Past Due And Accruing | 11,000 | 46,000 | ' |
60 to 89 Days Past Due And Accruing | 0 | 51,000 | ' |
90 Days and Over | 12,000 | 45,000 | ' |
Total Past Due | 23,000 | 142,000 | ' |
Current | 4,038,000 | 4,024,000 | ' |
Total Loans Receivable | 4,061,000 | 4,166,000 | 4,009,000 |
Nonaccrual loans, Segregated by class of loans [Abstract] | ' | ' | ' |
Nonaccrual status loans | $12,000 | $45,000 | ' |
Loans_Impaired_Loans_Details
Loans - Impaired Loans (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 | Dec. 31, 2013 |
Total [Abstract] | ' | ' | ' | ' | ' |
Recorded Investment | $7,680 | ' | $7,680 | ' | $5,740 |
Unpaid Principal Balance | 7,777 | ' | 7,777 | ' | 5,767 |
Related Allowance | 892 | ' | 892 | ' | 1,036 |
Average recorded investment [Abstract] | ' | ' | ' | ' | ' |
Total | 7,807 | 6,291 | 7,410 | 6,849 | ' |
Cash Basis Interest Recognized on Impaired Loans [Abstract] | ' | ' | ' | ' | ' |
Total | 84 | 105 | 175 | 231 | ' |
1-4 Family First Lien Residential Mortgage [Member] | ' | ' | ' | ' | ' |
With no related allowance recorded [Abstract] | ' | ' | ' | ' | ' |
Recorded Investment | 1,266 | ' | 1,266 | ' | 550 |
Unpaid Principal Balance | 1,285 | ' | 1,285 | ' | 550 |
Related Allowance | 0 | ' | 0 | ' | 0 |
With an allowance recorded [Abstract] | ' | ' | ' | ' | ' |
Recorded Investment | 0 | ' | 0 | ' | 402 |
Unpaid Principal Balance | 0 | ' | 0 | ' | 402 |
Related Allowance | 0 | ' | 0 | ' | 59 |
Total [Abstract] | ' | ' | ' | ' | ' |
Recorded Investment | 1,266 | ' | 1,266 | ' | 952 |
Unpaid Principal Balance | 1,285 | ' | 1,285 | ' | 952 |
Related Allowance | 0 | ' | 0 | ' | 59 |
Average recorded investment [Abstract] | ' | ' | ' | ' | ' |
Total | 1,289 | 781 | 1,221 | 1,521 | ' |
Cash Basis Interest Recognized on Impaired Loans [Abstract] | ' | ' | ' | ' | ' |
Total | 4 | 10 | 13 | 23 | ' |
Commercial Real Estate [Member] | ' | ' | ' | ' | ' |
With no related allowance recorded [Abstract] | ' | ' | ' | ' | ' |
Recorded Investment | 1,726 | ' | 1,726 | ' | 1,496 |
Unpaid Principal Balance | 1,733 | ' | 1,733 | ' | 1,499 |
Related Allowance | 0 | ' | 0 | ' | 0 |
With an allowance recorded [Abstract] | ' | ' | ' | ' | ' |
Recorded Investment | 3,492 | ' | 3,492 | ' | 2,045 |
Unpaid Principal Balance | 3,525 | ' | 3,525 | ' | 2,054 |
Related Allowance | 643 | ' | 643 | ' | 649 |
Total [Abstract] | ' | ' | ' | ' | ' |
Recorded Investment | 5,218 | ' | 5,218 | ' | 3,541 |
Unpaid Principal Balance | 5,258 | ' | 5,258 | ' | 3,553 |
Related Allowance | 643 | ' | 643 | ' | 649 |
Average recorded investment [Abstract] | ' | ' | ' | ' | ' |
Total | 5,239 | 3,949 | 4,855 | 3,621 | ' |
Cash Basis Interest Recognized on Impaired Loans [Abstract] | ' | ' | ' | ' | ' |
Total | 59 | 79 | 114 | 151 | ' |
Commercial Lines of Credit [Member] | ' | ' | ' | ' | ' |
With no related allowance recorded [Abstract] | ' | ' | ' | ' | ' |
Recorded Investment | 193 | ' | 193 | ' | 196 |
Unpaid Principal Balance | 217 | ' | 217 | ' | 196 |
Related Allowance | 0 | ' | 0 | ' | 0 |
With an allowance recorded [Abstract] | ' | ' | ' | ' | ' |
Recorded Investment | 95 | ' | 95 | ' | 185 |
Unpaid Principal Balance | 95 | ' | 95 | ' | 200 |
Related Allowance | 95 | ' | 95 | ' | 135 |
Total [Abstract] | ' | ' | ' | ' | ' |
Recorded Investment | 288 | ' | 288 | ' | 381 |
Unpaid Principal Balance | 312 | ' | 312 | ' | 396 |
Related Allowance | 95 | ' | 95 | ' | 135 |
Average recorded investment [Abstract] | ' | ' | ' | ' | ' |
Total | 378 | 418 | 403 | 412 | ' |
Cash Basis Interest Recognized on Impaired Loans [Abstract] | ' | ' | ' | ' | ' |
Total | 4 | 2 | 5 | 13 | ' |
Other Commercial and Industrial [Member] | ' | ' | ' | ' | ' |
With no related allowance recorded [Abstract] | ' | ' | ' | ' | ' |
Recorded Investment | 355 | ' | 355 | ' | 266 |
Unpaid Principal Balance | 369 | ' | 369 | ' | 266 |
Related Allowance | 0 | ' | 0 | ' | 0 |
With an allowance recorded [Abstract] | ' | ' | ' | ' | ' |
Recorded Investment | 174 | ' | 174 | ' | 139 |
Unpaid Principal Balance | 174 | ' | 174 | ' | 139 |
Related Allowance | 116 | ' | 116 | ' | 107 |
Total [Abstract] | ' | ' | ' | ' | ' |
Recorded Investment | 529 | ' | 529 | ' | 405 |
Unpaid Principal Balance | 543 | ' | 543 | ' | 405 |
Related Allowance | 116 | ' | 116 | ' | 107 |
Average recorded investment [Abstract] | ' | ' | ' | ' | ' |
Total | 517 | 674 | 511 | 767 | ' |
Cash Basis Interest Recognized on Impaired Loans [Abstract] | ' | ' | ' | ' | ' |
Total | 13 | 8 | 33 | 20 | ' |
Home Equity and Junior Liens [Member] | ' | ' | ' | ' | ' |
With no related allowance recorded [Abstract] | ' | ' | ' | ' | ' |
Recorded Investment | 2 | ' | 2 | ' | 294 |
Unpaid Principal Balance | 2 | ' | 2 | ' | 294 |
Related Allowance | 0 | ' | 0 | ' | 0 |
With an allowance recorded [Abstract] | ' | ' | ' | ' | ' |
Recorded Investment | 363 | ' | 363 | ' | 165 |
Unpaid Principal Balance | 363 | ' | 363 | ' | 165 |
Related Allowance | 33 | ' | 33 | ' | 84 |
Total [Abstract] | ' | ' | ' | ' | ' |
Recorded Investment | 365 | ' | 365 | ' | 459 |
Unpaid Principal Balance | 365 | ' | 365 | ' | 459 |
Related Allowance | 33 | ' | 33 | ' | 84 |
Average recorded investment [Abstract] | ' | ' | ' | ' | ' |
Total | 369 | 467 | 412 | 525 | ' |
Cash Basis Interest Recognized on Impaired Loans [Abstract] | ' | ' | ' | ' | ' |
Total | 4 | 6 | 10 | 24 | ' |
Other Consumer [Member] | ' | ' | ' | ' | ' |
With no related allowance recorded [Abstract] | ' | ' | ' | ' | ' |
Recorded Investment | 0 | ' | 0 | ' | 0 |
Unpaid Principal Balance | 0 | ' | 0 | ' | 0 |
Related Allowance | 0 | ' | 0 | ' | 0 |
With an allowance recorded [Abstract] | ' | ' | ' | ' | ' |
Recorded Investment | 14 | ' | 14 | ' | 2 |
Unpaid Principal Balance | 14 | ' | 14 | ' | 2 |
Related Allowance | 5 | ' | 5 | ' | 2 |
Total [Abstract] | ' | ' | ' | ' | ' |
Recorded Investment | 14 | ' | 14 | ' | 2 |
Unpaid Principal Balance | 14 | ' | 14 | ' | 2 |
Related Allowance | 5 | ' | 5 | ' | 2 |
Average recorded investment [Abstract] | ' | ' | ' | ' | ' |
Total | 15 | 2 | 8 | 3 | ' |
Cash Basis Interest Recognized on Impaired Loans [Abstract] | ' | ' | ' | ' | ' |
Total | $0 | $0 | $0 | $0 | ' |
Allowance_for_Loan_Losses_Deta
Allowance for Loan Losses (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 | Dec. 31, 2013 |
Allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning Balance | $5,166 | $4,864 | $5,041 | $4,501 | ' |
Charge-offs | -416 | -50 | -853 | -338 | ' |
Recoveries | 11 | 55 | 53 | 106 | ' |
Provisions | 410 | 216 | 930 | 816 | ' |
Ending Balance | 5,171 | 5,085 | 5,171 | 5,085 | ' |
Ending balance: related to loans individually evaluated for impairment | 892 | 1,159 | 892 | 1,159 | ' |
Ending balance: related to loans collectively evaluated for impairment | 4,279 | 3,926 | 4,279 | 3,926 | ' |
Loans receivable, ending balance | 374,042 | 337,767 | 374,042 | 337,767 | 341,333 |
Ending balance: individually evaluated for impairment | 7,680 | 6,423 | 7,680 | 6,423 | ' |
Ending balance: collectively evaluated for impairment | 366,362 | 331,344 | 366,362 | 331,344 | ' |
1-4 Family First Lien Residential Mortgage [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning Balance | 491 | 585 | 649 | 811 | ' |
Charge-offs | -26 | 0 | -68 | -104 | ' |
Recoveries | 0 | 24 | 1 | 37 | ' |
Provisions | 48 | 25 | -69 | -110 | ' |
Ending Balance | 513 | 634 | 513 | 634 | ' |
Ending balance: related to loans individually evaluated for impairment | 0 | 61 | 0 | 61 | ' |
Ending balance: related to loans collectively evaluated for impairment | 513 | 573 | 513 | 573 | ' |
Loans receivable, ending balance | 170,424 | 165,363 | 170,424 | 165,363 | 166,298 |
Ending balance: individually evaluated for impairment | 1,266 | 982 | 1,266 | 982 | ' |
Ending balance: collectively evaluated for impairment | 169,158 | 164,381 | 169,158 | 164,381 | ' |
Residential Construction Mortgage [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning Balance | 0 | 0 | 0 | 0 | ' |
Charge-offs | 0 | 0 | 0 | 0 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Provisions | 0 | 0 | 0 | 0 | ' |
Ending Balance | 0 | 0 | 0 | 0 | ' |
Ending balance: related to loans individually evaluated for impairment | 0 | 0 | 0 | 0 | ' |
Ending balance: related to loans collectively evaluated for impairment | 0 | 0 | 0 | 0 | ' |
Loans receivable, ending balance | 1,896 | 1,694 | 1,896 | 1,694 | ' |
Ending balance: individually evaluated for impairment | 0 | 0 | 0 | 0 | ' |
Ending balance: collectively evaluated for impairment | 1,896 | 1,694 | 1,896 | 1,694 | ' |
Commercial Real Estate [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning Balance | 2,624 | 2,055 | 2,302 | 1,748 | ' |
Charge-offs | -256 | 0 | -303 | 0 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Provisions | 345 | 295 | 714 | 602 | ' |
Ending Balance | 2,713 | 2,350 | 2,713 | 2,350 | ' |
Ending balance: related to loans individually evaluated for impairment | 643 | 679 | 643 | 679 | ' |
Ending balance: related to loans collectively evaluated for impairment | 2,070 | 1,671 | 2,070 | 1,671 | ' |
Loans receivable, ending balance | 119,453 | 94,078 | 119,453 | 94,078 | ' |
Ending balance: individually evaluated for impairment | 5,218 | 4,056 | 5,218 | 4,056 | ' |
Ending balance: collectively evaluated for impairment | 114,235 | 90,022 | 114,235 | 90,022 | ' |
Commercial Lines of Credit [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning Balance | 554 | 418 | 397 | 440 | ' |
Charge-offs | -79 | 0 | -164 | -49 | ' |
Recoveries | 0 | 21 | 3 | 21 | ' |
Provisions | -28 | -73 | 211 | -46 | ' |
Ending Balance | 447 | 366 | 447 | 366 | ' |
Ending balance: related to loans individually evaluated for impairment | 95 | 100 | 95 | 100 | ' |
Ending balance: related to loans collectively evaluated for impairment | 352 | 266 | 352 | 266 | ' |
Loans receivable, ending balance | 16,568 | 13,701 | 16,568 | 13,701 | ' |
Ending balance: individually evaluated for impairment | 288 | 382 | 288 | 382 | ' |
Ending balance: collectively evaluated for impairment | 16,280 | 13,319 | 16,280 | 13,319 | ' |
Other Commercial and Industrial Loans [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning Balance | 851 | 1,045 | 834 | 750 | ' |
Charge-offs | 0 | -14 | -153 | -29 | ' |
Recoveries | 3 | 0 | 6 | 0 | ' |
Provisions | 46 | -43 | 213 | 267 | ' |
Ending Balance | 900 | 988 | 900 | 988 | ' |
Ending balance: related to loans individually evaluated for impairment | 116 | 232 | 116 | 232 | ' |
Ending balance: related to loans collectively evaluated for impairment | 784 | 756 | 784 | 756 | ' |
Loans receivable, ending balance | 36,994 | 33,037 | 36,994 | 33,037 | 32,675 |
Ending balance: individually evaluated for impairment | 529 | 537 | 529 | 537 | ' |
Ending balance: collectively evaluated for impairment | 36,465 | 32,500 | 36,465 | 32,500 | ' |
Municipal [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning Balance | 1 | 3 | 2 | 2 | ' |
Charge-offs | 0 | 0 | 0 | 0 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Provisions | 0 | -1 | -1 | 0 | ' |
Ending Balance | 1 | 2 | 1 | 2 | ' |
Ending balance: related to loans individually evaluated for impairment | 0 | 0 | 0 | 0 | ' |
Ending balance: related to loans collectively evaluated for impairment | 1 | 2 | 1 | 2 | ' |
Loans receivable, ending balance | 2,922 | 4,968 | 2,922 | 4,968 | 5,122 |
Ending balance: individually evaluated for impairment | 0 | 0 | 0 | 0 | ' |
Ending balance: collectively evaluated for impairment | 2,922 | 4,968 | 2,922 | 4,968 | ' |
Home Equity and Junior Liens [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning Balance | 422 | 454 | 433 | 494 | ' |
Charge-offs | -31 | 0 | -81 | -81 | ' |
Recoveries | 1 | 0 | 1 | 13 | ' |
Provisions | -17 | -9 | 22 | 19 | ' |
Ending Balance | 375 | 445 | 375 | 445 | ' |
Ending balance: related to loans individually evaluated for impairment | 33 | 85 | 33 | 85 | ' |
Ending balance: related to loans collectively evaluated for impairment | 342 | 360 | 342 | 360 | ' |
Loans receivable, ending balance | 21,724 | 20,917 | 21,724 | 20,917 | 21,110 |
Ending balance: individually evaluated for impairment | 365 | 464 | 365 | 464 | ' |
Ending balance: collectively evaluated for impairment | 21,359 | 20,453 | 21,359 | 20,453 | ' |
Other Consumer [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning Balance | 109 | 135 | 136 | 168 | ' |
Charge-offs | -24 | -36 | -84 | -75 | ' |
Recoveries | 7 | 10 | 42 | 35 | ' |
Provisions | 7 | 23 | 5 | 4 | ' |
Ending Balance | 99 | 132 | 99 | 132 | ' |
Ending balance: related to loans individually evaluated for impairment | 5 | 2 | 5 | 2 | ' |
Ending balance: related to loans collectively evaluated for impairment | 94 | 130 | 94 | 130 | ' |
Loans receivable, ending balance | 4,061 | 4,009 | 4,061 | 4,009 | 4,166 |
Ending balance: individually evaluated for impairment | 14 | 2 | 14 | 2 | ' |
Ending balance: collectively evaluated for impairment | 4,047 | 4,007 | 4,047 | 4,007 | ' |
Unallocated [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Roll Forward] | ' | ' | ' | ' | ' |
Beginning Balance | 114 | 169 | 288 | 88 | ' |
Charge-offs | 0 | 0 | 0 | 0 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Provisions | 9 | -1 | -165 | 80 | ' |
Ending Balance | 123 | 168 | 123 | 168 | ' |
Ending balance: related to loans individually evaluated for impairment | 0 | 0 | 0 | 0 | ' |
Ending balance: related to loans collectively evaluated for impairment | $123 | $168 | $123 | $168 | ' |
Guarantees_Details
Guarantees (Details) (USD $) | Sep. 30, 2014 |
In Millions, unless otherwise specified | |
Guarantees [Abstract] | ' |
Standby letters of credit | $4.60 |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Recurring Basis [Member] | Total Fair Value [Member] | ' | ' |
Debt investment securities [Abstract] | ' | ' |
US Treasury agencies and GSEs | $18,719 | $16,597 |
State and political subdivisions | 7,966 | 6,587 |
Corporate | 13,929 | 13,696 |
Residential mortgage-backed - US agency | 33,438 | 22,139 |
Collateralized mortgage obligations - US agency | 18,100 | 20,003 |
Mutual funds [Abstract] | ' | ' |
Ultra short mortgage fund | 647 | 648 |
Large cap equity fund | 672 | 651 |
Other mutual funds | 377 | 345 |
Common stock - financial services industry | 287 | 293 |
Investments [Abstract] | ' | ' |
Total available-for-sale securities | 94,135 | 80,959 |
Interest rate swap derivative | -94 | -135 |
Recurring Basis [Member] | Level 1 [Member] | ' | ' |
Debt investment securities [Abstract] | ' | ' |
US Treasury agencies and GSEs | 0 | 0 |
State and political subdivisions | 0 | 0 |
Corporate | 0 | 0 |
Residential mortgage-backed - US agency | 0 | 0 |
Collateralized mortgage obligations - US agency | 0 | ' |
Mutual funds [Abstract] | ' | ' |
Ultra short mortgage fund | 647 | 648 |
Large cap equity fund | 672 | 651 |
Other mutual funds | 0 | 0 |
Common stock - financial services industry | 37 | 42 |
Investments [Abstract] | ' | ' |
Total available-for-sale securities | 1,356 | 1,341 |
Interest rate swap derivative | 0 | 0 |
Recurring Basis [Member] | Level 2 [Member] | ' | ' |
Debt investment securities [Abstract] | ' | ' |
US Treasury agencies and GSEs | 18,719 | 16,597 |
State and political subdivisions | 7,966 | 6,587 |
Corporate | 13,929 | 13,696 |
Residential mortgage-backed - US agency | 33,438 | 22,139 |
Collateralized mortgage obligations - US agency | 18,100 | 20,003 |
Mutual funds [Abstract] | ' | ' |
Ultra short mortgage fund | 0 | 0 |
Large cap equity fund | 0 | 0 |
Other mutual funds | 377 | 345 |
Common stock - financial services industry | 250 | 251 |
Investments [Abstract] | ' | ' |
Total available-for-sale securities | 92,779 | 79,618 |
Interest rate swap derivative | -94 | -135 |
Recurring Basis [Member] | Level 3 [Member] | ' | ' |
Debt investment securities [Abstract] | ' | ' |
US Treasury agencies and GSEs | 0 | 0 |
State and political subdivisions | 0 | 0 |
Corporate | 0 | 0 |
Residential mortgage-backed - US agency | 0 | 0 |
Collateralized mortgage obligations - US agency | 0 | ' |
Mutual funds [Abstract] | ' | ' |
Ultra short mortgage fund | 0 | 0 |
Large cap equity fund | 0 | 0 |
Other mutual funds | 0 | 0 |
Common stock - financial services industry | 0 | 0 |
Investments [Abstract] | ' | ' |
Total available-for-sale securities | 0 | 0 |
Interest rate swap derivative | 0 | 0 |
Nonrecurring Basis [Member] | Total Fair Value [Member] | ' | ' |
Nonrecurring basis [Abstract] | ' | ' |
Impaired loans | 1,752 | 258 |
Foreclosed real estate | 99 | 69 |
Nonrecurring Basis [Member] | Level 1 [Member] | ' | ' |
Nonrecurring basis [Abstract] | ' | ' |
Impaired loans | 0 | 0 |
Foreclosed real estate | 0 | 0 |
Nonrecurring Basis [Member] | Level 2 [Member] | ' | ' |
Nonrecurring basis [Abstract] | ' | ' |
Impaired loans | 0 | 0 |
Foreclosed real estate | 0 | 0 |
Nonrecurring Basis [Member] | Level 3 [Member] | ' | ' |
Nonrecurring basis [Abstract] | ' | ' |
Impaired loans | 1,752 | 258 |
Foreclosed real estate | $99 | $69 |
Fair_Value_Measurements_Fair_V
Fair Value Measurements, Fair Value Inputs, Quantitative Information (Details) (Fair Value, Inputs, Level 3 [Member]) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2014 | Dec. 31, 2013 | |
Appraisal Collateral - Appraisal Approach [Member] | Minimum [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value inputs, discount rate (in hundredths) | 5.00% | 5.00% |
Appraisal Collateral - Appraisal Approach [Member] | Minimum [Member] | Foreclosed Real Estate [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value inputs, discount rate (in hundredths) | 15.00% | 15.00% |
Appraisal Collateral - Appraisal Approach [Member] | Maximum [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value inputs, discount rate (in hundredths) | 30.00% | 30.00% |
Appraisal Collateral - Appraisal Approach [Member] | Maximum [Member] | Foreclosed Real Estate [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value inputs, discount rate (in hundredths) | 15.00% | 15.00% |
Appraisal Collateral - Appraisal Approach [Member] | Weighted Average [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value inputs, discount rate (in hundredths) | 14.00% | 14.00% |
Appraisal Collateral - Appraisal Approach [Member] | Weighted Average [Member] | Foreclosed Real Estate [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value inputs, discount rate (in hundredths) | 15.00% | 15.00% |
Appraisal Collateral - Cost to Sell Approach [Member] | Minimum [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value inputs, discount rate (in hundredths) | 4.00% | 6.00% |
Appraisal Collateral - Cost to Sell Approach [Member] | Minimum [Member] | Foreclosed Real Estate [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value inputs, discount rate (in hundredths) | 6.00% | 6.00% |
Appraisal Collateral - Cost to Sell Approach [Member] | Maximum [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value inputs, discount rate (in hundredths) | 50.00% | 50.00% |
Appraisal Collateral - Cost to Sell Approach [Member] | Maximum [Member] | Foreclosed Real Estate [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value inputs, discount rate (in hundredths) | 8.00% | 7.00% |
Appraisal Collateral - Cost to Sell Approach [Member] | Weighted Average [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value inputs, discount rate (in hundredths) | 13.00% | 12.00% |
Appraisal Collateral - Cost to Sell Approach [Member] | Weighted Average [Member] | Foreclosed Real Estate [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value inputs, discount rate (in hundredths) | 7.00% | 6.00% |
Fair_Value_Measurements_Fair_V1
Fair Value Measurements, Fair Value Measurement By Balance Sheet Groupings (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financial assets [Abstract] | ' | ' |
Investment securities - available-for-sale | $94,135 | $80,959 |
Investment securities - held-to-maturity | 43,629 | 34,222 |
Carrying Amounts [Member] | Level 1 [Member] | ' | ' |
Financial assets [Abstract] | ' | ' |
Cash and cash equivalents | 24,982 | 16,575 |
Interest earning time deposits | 500 | 500 |
Investment securities - available-for-sale | 1,356 | 1,341 |
Accrued interest receivable | 1,865 | 1,715 |
Financial liabilities [Abstract] | ' | ' |
Demand Deposits, Savings, NOW and MMDA | 311,491 | 250,248 |
Accrued interest payable | 73 | 86 |
Carrying Amounts [Member] | Level 2 [Member] | ' | ' |
Financial assets [Abstract] | ' | ' |
Investment securities - available-for-sale | 92,779 | 79,618 |
Investment securities - held-to-maturity | 42,477 | 34,412 |
Federal Home Loan Bank stock | 1,829 | 2,440 |
Financial liabilities [Abstract] | ' | ' |
Time Deposits | 171,538 | 159,892 |
Borrowings | 31,021 | 40,853 |
Junior subordinated debentures | 5,155 | 5,155 |
Interest rate swap derivative | 94 | 135 |
Carrying Amounts [Member] | Level 3 [Member] | ' | ' |
Financial assets [Abstract] | ' | ' |
Net loans | 369,086 | 336,592 |
Estimated Fair Values [Member] | Level 1 [Member] | ' | ' |
Financial assets [Abstract] | ' | ' |
Cash and cash equivalents | 24,982 | 16,575 |
Interest earning time deposits | 500 | 500 |
Investment securities - available-for-sale | 1,356 | 1,341 |
Accrued interest receivable | 1,865 | 1,715 |
Financial liabilities [Abstract] | ' | ' |
Demand Deposits, Savings, NOW and MMDA | 311,491 | 250,248 |
Accrued interest payable | 73 | 86 |
Estimated Fair Values [Member] | Level 2 [Member] | ' | ' |
Financial assets [Abstract] | ' | ' |
Investment securities - available-for-sale | 92,779 | 79,618 |
Investment securities - held-to-maturity | 43,629 | 34,222 |
Federal Home Loan Bank stock | 1,829 | 2,440 |
Financial liabilities [Abstract] | ' | ' |
Time Deposits | 171,326 | 160,201 |
Borrowings | 31,264 | 41,255 |
Junior subordinated debentures | 4,983 | 4,825 |
Interest rate swap derivative | 94 | 135 |
Estimated Fair Values [Member] | Level 3 [Member] | ' | ' |
Financial assets [Abstract] | ' | ' |
Net loans | $375,006 | $343,660 |
Interest_Rate_Derivatives_Deta
Interest Rate Derivatives (Details) (USD $) | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||||
Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | |
Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | ||
Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | ||||||
Other Liabilities [Member] | Other Liabilities [Member] | |||||||
Interest Rate Derivatives [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Floating rate trust preferred debenture face amount | $5,000,000 | ' | ' | ' | ' | ' | ' | ' |
Variable rate basis | '3-month LIBOR | ' | ' | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Notional amount | ' | ' | ' | ' | ' | ' | ' | 2,000,000 |
Remaining term | ' | ' | ' | ' | ' | ' | ' | '7 years |
Fixed interest rate (in hundredths) | ' | ' | ' | ' | ' | ' | ' | 4.96% |
Accumulated Other Comprehensive Income Derivatives, Pretax [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' |
Balance as of beginning of period | ' | ' | ' | -112,000 | -152,000 | -135,000 | -195,000 | ' |
Amount of (gains) losses recognized in other comprehensive income | ' | ' | ' | 2,000 | -10,000 | -6,000 | 2,000 | ' |
Amount of loss reclassified from other comprehensive income and recognized as interest expense | ' | ' | ' | 16,000 | 15,000 | 47,000 | 46,000 | ' |
Balance as of end of period | ' | ' | ' | -94,000 | -147,000 | -94,000 | -147,000 | ' |
Cash under collateral arrangements | ' | ' | ' | 200,000 | ' | 200,000 | ' | ' |
Cash Flow Hedge [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of derivative liability | ' | $94,000 | $135,000 | ' | ' | ' | ' | ' |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income (Loss) (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 | ||||
Changes in the Components of Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' | ' | ' | ||||
Beginning balance | ($1,320) | ($3,215) | ($1,745) | ($1,318) | ||||
Other comprehensive income (loss) before reclassifications | -25 | 40 | 384 | -1,930 | ||||
Amounts reclassified from AOCI | 15 | 56 | 31 | 129 | ||||
Ending balance | -1,330 | -3,119 | -1,330 | -3,119 | ||||
Interest on long term liabilities | -149 | -151 | -443 | -575 | ||||
Salaries and employee benefits | -2,141 | -2,033 | -6,526 | -5,884 | ||||
Net gains on sales and redemptions of investment securities | 3 | 17 | 29 | 116 | ||||
Provision for income taxes | -317 | -195 | -767 | -688 | ||||
Net income attributable to noncontrolling interest and Pathfinder Bancorp, Inc. | 757 | 528 | 1,959 | 1,856 | ||||
Retirement Plans [Member] | ' | ' | ' | ' | ||||
Changes in the Components of Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' | ' | ' | ||||
Beginning balance | -969 | -2,651 | -982 | -2,765 | ||||
Other comprehensive income (loss) before reclassifications | 0 | 0 | 0 | 0 | ||||
Amounts reclassified from AOCI | 7 | 57 | 20 | 171 | ||||
Ending balance | -962 | -2,594 | -962 | -2,594 | ||||
Unrealized Gains and Losses on Financial Derivative [Member] | ' | ' | ' | ' | ||||
Changes in the Components of Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' | ' | ' | ||||
Beginning balance | -67 | -91 | -81 | -117 | ||||
Other comprehensive income (loss) before reclassifications | 0 | -5 | -4 | 2 | ||||
Amounts reclassified from AOCI | 10 | 9 | 28 | 28 | ||||
Ending balance | -57 | -87 | -57 | -87 | ||||
Unrealized Gains and Losses on Available-for-Sale Securities [Member] | ' | ' | ' | ' | ||||
Changes in the Components of Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' | ' | ' | ||||
Beginning balance | 461 | -473 | 99 | 1,564 | ||||
Other comprehensive income (loss) before reclassifications | -42 | 844 | 335 | -1,133 | ||||
Amounts reclassified from AOCI | -2 | -10 | -17 | -70 | ||||
Ending balance | 417 | 361 | 417 | 361 | ||||
Securities reclassified from AFS to HTM [Member] | ' | ' | ' | ' | ||||
Changes in the Components of Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' | ' | ' | ||||
Beginning balance | -745 | 0 | -781 | 0 | ||||
Other comprehensive income (loss) before reclassifications | 17 | -799 | 53 | -799 | ||||
Amounts reclassified from AOCI | 0 | 0 | 0 | 0 | ||||
Ending balance | -728 | -799 | -728 | -799 | ||||
Reclassification out of Accumulated Other Comprehensive Income [Member] | Retirement Plans [Member] | ' | ' | ' | ' | ||||
Changes in the Components of Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' | ' | ' | ||||
Salaries and employee benefits | -11 | [1],[2] | -95 | [1],[2] | -33 | [1],[2] | -286 | [1],[2] |
Provision for income taxes | 4 | [1],[2] | 38 | [1],[2] | 13 | [1] | 115 | [1] |
Net income attributable to noncontrolling interest and Pathfinder Bancorp, Inc. | -7 | [1],[2] | -57 | [1],[2] | -20 | [1],[2] | -171 | [1],[2] |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Unrealized Gains and Losses on Financial Derivative [Member] | ' | ' | ' | ' | ||||
Changes in the Components of Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' | ' | ' | ||||
Interest on long term liabilities | -16 | [1] | -15 | [1] | -47 | [1] | -46 | [1] |
Provision for income taxes | 6 | [1] | 6 | [1] | 19 | [1] | 18 | [1] |
Net income attributable to noncontrolling interest and Pathfinder Bancorp, Inc. | -10 | [1] | -9 | [1] | -28 | [1] | -28 | [1] |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Unrealized Gains and Losses on Available-for-Sale Securities [Member] | ' | ' | ' | ' | ||||
Changes in the Components of Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' | ' | ' | ||||
Net gains on sales and redemptions of investment securities | 3 | [1] | 17 | [1] | 29 | [1] | 116 | [1] |
Provision for income taxes | -1 | [1] | -7 | [1] | -12 | [1] | -46 | [1] |
Net income attributable to noncontrolling interest and Pathfinder Bancorp, Inc. | $2 | [1] | $10 | [1] | $17 | [1] | $70 | [1] |
[1] | Amounts in parentheses indicates debits in net income. | |||||||
[2] | These items are included in net periodic pension cost. See Note 5 for additional information. |
Stock_Offering_and_Conversion_
Stock Offering and Conversion (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Oct. 16, 2014 | Oct. 16, 2014 | Oct. 16, 2014 | Oct. 16, 2014 |
In Millions, except Share data, unless otherwise specified | Subsequent Event [Member] | Subsequent Event [Member] | New Pathfinder [Member] | New Pathfinder [Member] | ||
Subsequent Event [Member] | Subsequent Event [Member] | |||||
Conversion of Stock [Line Items] | ' | ' | ' | ' | ' | ' |
Number of shares of common stock sold (in shares) | ' | ' | ' | ' | 2,636,053 | ' |
Common stock sold per share (in dollar per share) | ' | ' | ' | ' | ' | $10 |
Gross offering proceeds of common stock | ' | ' | ' | ' | $26.40 | ' |
Ratio of conversion of shares | ' | ' | 1.6472 | ' | ' | ' |
Common stock conversion features | ' | ' | 'Shareholders of the Company received 1.6472 shares of New Pathfinderbs common stock for each share of the Companybs common stock they owned immediately prior to completion of the transaction. Cash in lieu of fractional shares was paid based on the offering price of $10.00 per share. | ' | ' | ' |
Cash in lieu of fractional shares (in dollars per share) | ' | ' | $10 | ' | ' | ' |
Common stock, share outstanding (in shares) | 2,625,182 | 2,623,182 | ' | 4,352,203 | ' | ' |