Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Mar. 31, 2015 | 15-May-15 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q/A | |
Amendment Flag | FALSE | |
Document Period End Date | 31-Mar-15 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q1 | |
Entity Registrant Name | BUSINESS FIRST BANCSHARES, INC. | |
Entity Central Index Key | 1624322 | |
Current Fiscal Year End Date | -19 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Common Stock, Shares Outstanding | 7,193,098 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
ASSETS | ||
Cash and Due from Banks | $31,483 | $26,015 |
Federal Funds Sold | 8,479 | 817 |
Securities Available for Sale, at Fair Values | 89,428 | 74,503 |
Loans and Lease Receivable, Net of Allowance for Loan Losses of $6,825 at March 31, 2015 and $6,632 at December 31, 2014 | 572,755 | 551,754 |
Premises and Equipment, Net | 2,050 | 2,180 |
Accrued Interest Receivable | 1,691 | 1,772 |
Other Equity Securities | 3,693 | 1,799 |
Other Real Estate Owned | 2,957 | 3,028 |
Cash Value of Life Insurance | 17,513 | 17,376 |
Other Assets | 4,848 | 5,258 |
Total Assets | 734,897 | 684,502 |
Deposits: | ||
Noninterest Bearing | 119,383 | 108,965 |
Interest Bearing | 506,263 | 478,287 |
Total Deposits | 625,646 | 587,252 |
Federal Home Loan Bank Borrowings | 25,000 | 15,000 |
Accrued Interest Payable | 401 | 416 |
Other Liabilities | 3,327 | 2,989 |
Total Liabilities | 654,374 | 605,657 |
STOCKHOLDERS' EQUITY | ||
Common Stock, $1 Par Value; 10,000,000 Shares Authorized; 5,314,925 Shares Issued at March 31, 2015 and December 31, 2014 | 5,315 | 5,315 |
Additional Paid-in Capital | 57,346 | 57,225 |
Retained Earnings | 18,081 | 16,948 |
Accumulated Other Comprehensive Loss | -219 | -643 |
Total Stockholders' Equity | 80,523 | 78,845 |
Total Liabilities and Stockholders' Equity | $734,897 | $684,502 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, except Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ||
Allowance for Loan Losses | $6,825 | $6,632 |
Common stock, par value | $1 | $1 |
Common stock, shares authorized | 10,000,000 | 10,000,000 |
Common stock, shares issued | 5,314,925 | 5,314,925 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Interest Income: | ||
Interest and Fees on Loans | $6,633 | $6,507 |
Interest and Dividends on Securities | 463 | 470 |
Interest on Federal Funds Sold | 6 | 14 |
Total Interest Income | 7,102 | 6,991 |
Interest Expense: | ||
Interest on Deposits | 850 | 904 |
Interest on Borrowings | 86 | 75 |
Total Interest Expense | 936 | 979 |
Net Interest Income | 6,166 | 6,012 |
Provision for Loan Losses | 150 | 150 |
Net Interest Income after Provision for Loan Losses | 6,016 | 5,862 |
Other Income: | ||
Service Charges on Deposit Accounts | 149 | 138 |
Gain on Sales of Securities | 6 | |
Other Income | 280 | 193 |
Total Other Income | 429 | 337 |
Other Expenses: | ||
Salaries and Employee Benefits | 2,938 | 2,726 |
Occupancy and Equipment Expense | 657 | 630 |
Other Expenses | 1,287 | 1,307 |
Total Other Expenses | 4,882 | 4,663 |
Income Before Income Taxes | 1,563 | 1,536 |
Provision for Income Taxes | 430 | 397 |
Net Income | $1,133 | $1,139 |
Earnings Per Share: | ||
Basic | $0.21 | $0.21 |
Diluted | $0.20 | $0.21 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Statement of Comprehensive Income [Abstract] | ||
Consolidated Net Income | $1,133 | $1,139 |
Other Comprehensive Income (Loss): | ||
Unrealized Gain (Loss) on Investment Securities | 642 | 1,671 |
Reclassification Adjustment for Gains included in Net Income | 6 | |
Income Tax Effect | -218 | -570 |
Other Comprehensive Income (Loss) | 424 | 1,107 |
Consolidated Comprehensive Income (Loss) | $1,557 | $2,246 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Stockholders' Equity (USD $) | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
In Thousands | |||||
Beginning Balance at Dec. 31, 2013 | $71,923 | $5,315 | $56,740 | $12,915 | ($3,047) |
Net Income | 1,139 | 1,139 | |||
Other Comprehensive Income (Loss) | 1,107 | 1,107 | |||
Stock Based Compensation Cost | 125 | 125 | |||
Ending balance at Mar. 31, 2014 | 74,294 | 5,315 | 56,865 | 14,054 | -1,940 |
Beginning Balance at Dec. 31, 2014 | 78,845 | 5,315 | 57,225 | 16,948 | -643 |
Net Income | 1,133 | 1,133 | |||
Other Comprehensive Income (Loss) | 424 | 424 | |||
Stock Based Compensation Cost | 121 | 121 | |||
Ending balance at Mar. 31, 2015 | $80,523 | $5,315 | $57,346 | $18,081 | ($219) |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 3 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 |
Cash Flows From Operating Activities: | |||
Consolidated Net Income | $1,133 | $1,139 | |
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities: | |||
Provision for Loan Losses | 150 | 150 | 700 |
Depreciation and Amortization | 202 | 203 | |
Noncash Compensation Expense | 121 | 125 | |
Net Amortization of Securities | 87 | 136 | |
Gain on Sales of Securities | -6 | ||
Gain on Sale of Other Real Estate Owned | -22 | ||
Increase in Cash Value of Life Insurance | -137 | -137 | |
Credit for Deferred Income Taxes | -30 | -20 | |
Changes in Assets and Liabilities: | |||
Decrease in Accrued Interest Receivable | 81 | 6 | |
Decrease in Other Assets | 221 | 1,922 | |
Decrease in Accrued Interest Payable | -15 | -13 | |
Increase in Other Liabilities | 338 | 362 | |
Net Cash Provided by Operating Activities | 2,129 | 3,867 | |
Cash Flows From Investing Activities: | |||
Purchases of Securities Available for Sale | -15,820 | ||
Proceeds from Maturities / Sales of Securities Available for Sale | 24,504 | ||
Proceeds from Paydowns of Securities Available for Sale | 1,451 | 1,238 | |
Purchases of Other Equity Securities | -1,894 | -542 | |
Proceeds from Sales of Other Equity Securities | 1,866 | ||
Net Increase (Decrease) in Loans | -21,151 | 3,009 | |
Purchases of Premises and Equipment | -72 | -33 | |
Proceeds from Sales of Other Real Estate | 93 | ||
Net Increase in Federal Funds Sold | -7,662 | -18,397 | |
Net Cash Provided by (Used in) Investing Activities | -45,055 | 11,645 | |
Cash Flows From Financing Activities: | |||
Net Increase in Deposits | 38,394 | 4,021 | |
Net Advances on Borrowings | 10,000 | ||
Net Cash Provided by Financing Activities | 48,394 | 4,021 | |
Net Increase in Cash and Cash Equivalents | 5,468 | 19,533 | |
Cash and Cash Equivalents at Beginning of Year | 26,015 | 10,074 | 10,074 |
Cash and Cash Equivalents at End of Year | 31,483 | 29,607 | 26,015 |
Supplemental Disclosures for Cash Flow Information: | |||
Interest on Deposits | 865 | 918 | |
Interest on Borrowings | 86 | 74 | |
Supplemental Schedule for Noncash Investing and Financing Activities: | |||
Change in the Unrealized Gain (Loss) on Securities Available for Sale | 643 | 1,678 | |
Change in Deferred Tax Effect on the Unrealized (Gain) Loss on Securities Available for Sale | -219 | -570 | |
Transfer of Loans to Other Real Estate | $0 | $0 |
Basis_of_Presentation
Basis of Presentation | 3 Months Ended |
Mar. 31, 2015 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Note 1 – Basis of Presentation – |
The unaudited consolidated financial statements include the accounts of Business First Bancshares, Inc. (the “Company” or Bancshares) and its wholly-owned subsidiary, Business First Bank (the Bank), and its wholly- owned subsidiary, Business First Insurance, LLC. The Bank operates in five full service locations and one loan production office in Louisiana (Baton Rouge, Shreveport, Covington, Lafayette, Lake Charles and Houma (LPO)). As a state bank, it is subject to regulation by the Office of Financial Institutions, State of Louisiana, and the Federal Deposit Insurance Corporation and undergoes periodic examinations by these agencies. The Company is regulated by the Federal Reserve and is also subject to periodic examinations. | |
In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments necessary to present fairly the Company’s consolidated balance sheet, statement of income, comprehensive income, changes in stockholders’ equity and cash flows for the periods presented, and all such adjustments are of a normal recurring nature. All material intercompany transactions are eliminated. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the entire year. | |
These interim consolidated financial statements have been prepared according to the rules and regulations of the Securities and Exchange Commission and, therefore, certain information and footnote disclosures normally presented in accordance with accounting principles generally accepted in the United State of America (“U.S. GAAP”) have been omitted or abbreviated. | |
Preparation of financial statements in conformity with U.S. GAAP requires management make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying disclosures. These estimates are based on management’s best knowledge of current events and actions the Company may undertake in the future. Estimates are used in accounting for, among other items, the allowance for loan losses, useful lives for depreciation and amortization, fair value of financial instruments, deferred taxes, and contingencies. Estimates that are particularly susceptible to significant change for the Company include the determination of the allowance for loan losses and the assessment of deferred tax assets and liabilities, and therefore are critical accounting policies. Management does not anticipate any material changes to estimates in the near term. Factors that may cause sensitivity to the aforementioned estimates include but are not limited to: external market factors such as market interest rates and employment rates, changes to operating policies and procedures, economic conditions in our markets, and changes in applicable banking regulations. Actual results may ultimately differ from estimates, although management does not generally believe such differences would materially affect the consolidated financial statements in any individual reporting period presented. |
Reclassifications
Reclassifications | 3 Months Ended |
Mar. 31, 2015 | |
Accounting Policies [Abstract] | |
Reclassifications | Note 2 – Reclassifications – |
Certain reclassifications may have been made to conform to the classifications adopted for reporting in 2015. These reclassifications have no effect on previously reported net income. |
Earnings_per_Common_Share
Earnings per Common Share | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Earnings Per Share [Abstract] | |||||||||
Earnings per Common Share | Note 3 – Earnings per Common Share – | ||||||||
Basic earnings per share (EPS) represents income available to common stockholders divided by the weighted average number of common shares outstanding; no dilution for any potentially convertible shares is included in the calculation. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company. The potential common shares that may be issued by the Company relate to outstanding stock warrants and stock options. | |||||||||
For The Three Months | |||||||||
Ended March 31, | |||||||||
2015 | 2014 | ||||||||
(Dollars in thousands) | |||||||||
(except per share data) | |||||||||
Numerator: | |||||||||
Net Income Available to Common Shares | $ | 1,133 | $ | 1,139 | |||||
Denominator: | |||||||||
Weighted Average Common Shares Outstanding | 5,314,925 | 5,314,925 | |||||||
Dilutive Effect of Stock Options and Warrants | 293,600 | 194,888 | |||||||
Weighted Average Dilutive Common Shares | 5,608,525 | 5,509,813 | |||||||
Basic Earnings Per Common Share From Net Income Available to Common Shares | $ | 0.21 | $ | 0.21 | |||||
Diluted Earnings Per Common Share From Net Income Available to Common Shares | $ | 0.2 | $ | 0.21 | |||||
Securities
Securities | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||
Text Block [Abstract] | |||||||||||||||||||||||||
Securities | Note 4 – Securities – | ||||||||||||||||||||||||
The amortized cost and fair values of securities available for sale as of March 31, 2015 and December 31, 2014 are summarized as follows: | |||||||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||||||||
U.S. Government Agencies | $ | 11,336 | $ | 36 | $ | 20 | $ | 11,352 | |||||||||||||||||
Corporate Securities | 8,637 | 17 | 30 | 8,624 | |||||||||||||||||||||
Mortgage-Backed Securities | 35,068 | 75 | 383 | 34,760 | |||||||||||||||||||||
Municipal Securities | 33,596 | 640 | 155 | 34,081 | |||||||||||||||||||||
Other Securities | 1,122 | — | 511 | 611 | |||||||||||||||||||||
$ | 89,759 | $ | 768 | $ | 1,099 | $ | 89,428 | ||||||||||||||||||
December 31, 2014 | |||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||||||||
U.S. Government Agencies | $ | 9,260 | $ | 31 | $ | 149 | $ | 9,142 | |||||||||||||||||
Corporate Securities | — | — | — | — | |||||||||||||||||||||
Mortgage-Backed Securities | 34,591 | 51 | 616 | 34,026 | |||||||||||||||||||||
Municipal Securities | 30,324 | 562 | 226 | 30,660 | |||||||||||||||||||||
Other Securities | 1,302 | — | 627 | 675 | |||||||||||||||||||||
$ | 75,477 | $ | 644 | $ | 1,618 | $ | 74,503 | ||||||||||||||||||
The following table is a summary of securities with gross unrealized losses and fair values at March 31, 2015 and December 31, 2014, aggregated by investment category and length of time in a continued unrealized loss position. Due to the nature of these investments and current prevailing market prices, these unrealized losses are considered a temporary impairment of the securities. | |||||||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||||||
Less Than 12 Months | 12 Months or Greater | Total | |||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Gross | Gross | Gross | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
U.S. Government Agencies | $ | 1,713 | $ | 1 | $ | 3,871 | $ | 19 | $ | 5,584 | $ | 20 | |||||||||||||
Corporate Securities | 6,547 | 30 | — | — | 6,547 | 30 | |||||||||||||||||||
Mortgage-Backed Securities | — | — | 28,015 | 383 | 28,015 | 383 | |||||||||||||||||||
Municipal Securities | 6,290 | 45 | 4,858 | 110 | 11,148 | 155 | |||||||||||||||||||
Other Securities | — | — | 611 | 511 | 611 | 511 | |||||||||||||||||||
$ | 14,550 | $ | 76 | $ | 37,355 | $ | 1,023 | $ | 51,905 | $ | 1,099 | ||||||||||||||
December 31, 2014 | |||||||||||||||||||||||||
Less Than 12 Months | 12 Months or Greater | Total | |||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||
Value | Losses | Value | Losses | ||||||||||||||||||||||
U.S. Government Agencies | $ | — | $ | — | $ | 8,003 | $ | 149 | $ | 8,003 | $ | 149 | |||||||||||||
Corporate Securities | — | — | — | — | — | — | |||||||||||||||||||
Mortgage-Backed Securities | — | — | 32,714 | 616 | 32,714 | 616 | |||||||||||||||||||
Municipal Securities | 4,703 | 20 | 9,687 | 206 | 14,390 | 226 | |||||||||||||||||||
Other Securities | — | — | 675 | 627 | 675 | 627 | |||||||||||||||||||
$ | 4,703 | $ | 20 | $ | 51,079 | $ | 1,598 | $ | 55,782 | $ | 1,618 | ||||||||||||||
Management evaluates securities for other than temporary impairment when economic and market conditions warrant such evaluations. Consideration is given to the extent and length of time the fair value has been below cost, the reasons for the decline in value, and the Company’s intent to sell a security or whether it is more likely than not that the Company will be required to sell the security before the recovery of its amortized cost. The Company developed a process to identify securities that could potentially have a credit impairment that is other than temporary. This process involves evaluating each security for impairment by monitoring credit performance, collateral type, collateral geography, loan-to-value ratios, credit scores, loss severity levels, pricing levels, downgrades by rating agencies, cash flow projections and other factors as indicators of potential credit issues. When the Company determines that a security is deemed to be other than temporarily impaired, an impairment loss is recognized. | |||||||||||||||||||||||||
The amortized cost and fair values of securities available for sale as of March 31, 2015 by contractual maturity are shown below. Actual maturities may differ from contractual maturities in mortgage- backed securities because the mortgages underlying the securities may be called or repaid without any penalties. | |||||||||||||||||||||||||
Amortized | Fair | ||||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||
Less Than One Year | $ | 696 | $ | 701 | |||||||||||||||||||||
One to Five Years | 11,788 | 12,091 | |||||||||||||||||||||||
Over Five to Ten Years | 31,072 | 31,279 | |||||||||||||||||||||||
Over Ten Years | 46,203 | 45,357 | |||||||||||||||||||||||
$ | 89,759 | $ | 89,428 | ||||||||||||||||||||||
Loans_and_the_Allowance_for_Lo
Loans and the Allowance for Loan Losses | 3 Months Ended | ||||||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||||||
Receivables [Abstract] | |||||||||||||||||||||||||||||
Loans and the Allowance for Loan Losses | Note 5 – Loans and the Allowance for Loan Losses – | ||||||||||||||||||||||||||||
Loans receivable at March 31, 2015 and December 31, 2014 are summarized as follows: | |||||||||||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Construction and land | $ | 65,860 | $ | 61,062 | |||||||||||||||||||||||||
Farmland | 17,593 | 16,097 | |||||||||||||||||||||||||||
1-4 family residential | 43,345 | 41,552 | |||||||||||||||||||||||||||
Multi-family residential | 11,291 | 11,369 | |||||||||||||||||||||||||||
Nonfarm nonresidential | 226,196 | 215,797 | |||||||||||||||||||||||||||
Commercial | 185,179 | 185,291 | |||||||||||||||||||||||||||
Consumer | 30,116 | 27,218 | |||||||||||||||||||||||||||
Total loans held for investment | 579,580 | 558,386 | |||||||||||||||||||||||||||
Less: | |||||||||||||||||||||||||||||
Allowance for loan losses | (6,825 | ) | (6,632 | ) | |||||||||||||||||||||||||
Net loans | $ | 572,755 | $ | 551,754 | |||||||||||||||||||||||||
The Bank grants loans and extensions of credit to individuals and a variety of businesses and corporations located in its general market areas throughout Louisiana. Management segregates the loan portfolio into portfolio segments which is defined as the level at which the Bank develops and documents a systematic method for determining its allowance for loan losses. The portfolio segments are segregated based on loan types and the underlying risk factors present in each loan type. Such risk factors are periodically reviewed by management and revised as deemed appropriate. The following table sets forth, as of March 31, 2015 and December 31, 2014, the balance of the allowance for loan losses by portfolio segment, disaggregated by impairment methodology, which is then further segregated by amounts evaluated for impairment collectively and individually. The allowance for loan losses allocated to each portfolio segment is not necessarily indicative of future losses in any particular portfolio segment and does not restrict the use of the allowance to absorb losses in other portfolio segments. | |||||||||||||||||||||||||||||
Allowance for Credit Losses and Recorded Investment in Loans Receivable | |||||||||||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Real Estate | Commercial and | Real Estate | |||||||||||||||||||||||||||
1 to 4 Family | Other | Construction | Commercial | Consumer | Total | ||||||||||||||||||||||||
Allowance for credit losses: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 775 | $ | 1,194 | $ | 525 | $ | 3,813 | $ | 325 | $ | 6,632 | |||||||||||||||||
Charge-offs | — | — | — | (41 | ) | — | (41 | ) | |||||||||||||||||||||
Recoveries | 4 | — | — | 2 | 78 | 84 | |||||||||||||||||||||||
Provision | 12 | 46 | 49 | 37 | 6 | 150 | |||||||||||||||||||||||
Ending Balance | $ | 791 | $ | 1,240 | $ | 574 | $ | 3,811 | $ | 409 | $ | 6,825 | |||||||||||||||||
Ending Balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | 505 | $ | — | $ | — | $ | 505 | |||||||||||||||||
Collectively evaluated for impairment | $ | 791 | $ | 1,240 | $ | 69 | $ | 3,811 | $ | 409 | $ | 6,320 | |||||||||||||||||
Loans receivable: | |||||||||||||||||||||||||||||
Ending Balance | $ | 43,345 | $ | 255,080 | $ | 65,860 | $ | 185,179 | $ | 30,116 | $ | 579,580 | |||||||||||||||||
Ending Balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 873 | $ | 4,013 | $ | 2,750 | $ | 3,595 | $ | 25 | $ | 11,256 | |||||||||||||||||
Collectively evaluated for impairment | $ | 42,472 | $ | 251,067 | $ | 63,110 | $ | 181,584 | $ | 30,091 | $ | 568,324 | |||||||||||||||||
December 31, 2014 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Real Estate | Commercial and | Real Estate | |||||||||||||||||||||||||||
1 to 4 Family | Other | Construction | Commercial | Consumer | Total | ||||||||||||||||||||||||
Allowance for credit losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 836 | $ | 974 | $ | 315 | $ | 3,647 | $ | 271 | $ | 6,043 | |||||||||||||||||
Charge-offs | (174 | ) | — | — | (10 | ) | — | (184 | ) | ||||||||||||||||||||
Recoveries | 29 | — | — | 16 | 28 | 73 | |||||||||||||||||||||||
Provision | 84 | 220 | 210 | 160 | 26 | 700 | |||||||||||||||||||||||
Ending Balance | $ | 775 | $ | 1,194 | $ | 525 | $ | 3,813 | $ | 325 | $ | 6,632 | |||||||||||||||||
Ending Balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | 505 | $ | 41 | $ | — | $ | 546 | |||||||||||||||||
Collectively evaluated for impairment | $ | 775 | $ | 1,194 | $ | 20 | $ | 3,772 | $ | 325 | $ | 6,086 | |||||||||||||||||
Loans receivable: | |||||||||||||||||||||||||||||
Ending Balance | $ | 41,552 | $ | 243,263 | $ | 61,062 | $ | 185,291 | $ | 27,218 | $ | 558,386 | |||||||||||||||||
Ending Balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 977 | $ | 4,358 | $ | 2,772 | $ | 3,714 | $ | 47 | $ | 11,868 | |||||||||||||||||
Collectively evaluated for impairment | $ | 40,575 | $ | 238,905 | $ | 58,290 | $ | 181,577 | $ | 27,171 | $ | 546,518 | |||||||||||||||||
Management further disaggregates the loan portfolio segments into classes of loans, which are based on the initial measurement of the loan, risk characteristics of the loan and the method for monitoring and assessing the credit risk of the loan. | |||||||||||||||||||||||||||||
As of March 31, 2015 and December 31, 2014, the credit quality indicators, disaggregated by class of loan, are as follows: | |||||||||||||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Total | |||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||
Construction | $ | 61,589 | $ | 2,052 | $ | 631 | $ | 1,588 | $ | 65,860 | |||||||||||||||||||
Farmland | 17,593 | — | — | — | 17,593 | ||||||||||||||||||||||||
1-4 family residential | 41,662 | 849 | 775 | 59 | 43,345 | ||||||||||||||||||||||||
Multi-family residential | 10,346 | 945 | — | — | 11,291 | ||||||||||||||||||||||||
Nonfarm nonresidential | 206,535 | 11,021 | 7,739 | 901 | 226,196 | ||||||||||||||||||||||||
Commercial | 164,898 | 9,126 | 11,154 | 1 | 185,179 | ||||||||||||||||||||||||
Consumer | 29,414 | 677 | 25 | — | 30,116 | ||||||||||||||||||||||||
Total | $ | 532,037 | $ | 24,670 | $ | 20,324 | $ | 2,549 | $ | 579,580 | |||||||||||||||||||
December 31, 2014 | |||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Total | |||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||
Construction | $ | 56,740 | $ | 2,069 | $ | 642 | $ | 1,611 | $ | 61,062 | |||||||||||||||||||
Farmland | 16,097 | — | — | — | 16,097 | ||||||||||||||||||||||||
1-4 family residential | 39,702 | 912 | 786 | 152 | 41,552 | ||||||||||||||||||||||||
Multi-family residential | 10,463 | 906 | — | — | 11,369 | ||||||||||||||||||||||||
Nonfarm nonresidential | 190,356 | 16,410 | 7,812 | 1,219 | 215,797 | ||||||||||||||||||||||||
Commercial | 161,904 | 12,087 | 11,254 | 46 | 185,291 | ||||||||||||||||||||||||
Consumer | 26,654 | 517 | 47 | — | 27,218 | ||||||||||||||||||||||||
Total | $ | 501,916 | $ | 32,901 | $ | 20,541 | $ | 3,028 | $ | 558,386 | |||||||||||||||||||
The above classifications follow regulatory guidelines and can generally be described as follows: | |||||||||||||||||||||||||||||
• | Pass loans are of satisfactory quality. | ||||||||||||||||||||||||||||
• | Special mention loans have an existing weakness that could cause future impairment, including the deterioration of financial ratios, past due status, questionable management capabilities and possible reduction in the collateral values. | ||||||||||||||||||||||||||||
• | Substandard loans have an existing specific and well defined weakness that may include poor liquidity and deterioration of financial ratios. The loan may be past due and related deposit accounts experiencing overdrafts. Immediate corrective action is necessary. | ||||||||||||||||||||||||||||
• | Doubtful loans have specific weaknesses that are severe enough to make collection or liquidation in full highly questionable and improbable. | ||||||||||||||||||||||||||||
The following table reflects certain information with respect to the loan portfolio delinquencies by loan class and amount as of March 31, 2015 and December 31, 2014. All loans greater than 90 days past due are placed on non-accrual status. | |||||||||||||||||||||||||||||
Aged Analysis of Past Due Loans Receivable | |||||||||||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||
Greater | Investment Over | ||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Than 90 Days | Total | Total Loans | 90 Days Past Due | ||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Current | Receivable | and Still Accruing | |||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||
Construction | $ | — | $ | — | $ | 182 | $ | 182 | $ | 65,678 | $ | 65,860 | $ | — | |||||||||||||||
Farmland | — | — | — | — | 17,593 | 17,593 | — | ||||||||||||||||||||||
1-4 family residential | — | — | 59 | 59 | 43,286 | 43,345 | — | ||||||||||||||||||||||
Multi-family residential | — | — | — | — | 11,291 | 11,291 | — | ||||||||||||||||||||||
Nonfarm nonresidential | — | — | 131 | 131 | 226,065 | 226,196 | — | ||||||||||||||||||||||
Commercial | — | — | — | — | 185,179 | 185,179 | — | ||||||||||||||||||||||
Consumer | — | — | — | — | 30,116 | 30,116 | — | ||||||||||||||||||||||
Total | $ | — | $ | — | $ | 372 | $ | 372 | $ | 579,208 | $ | 579,580 | $ | — | |||||||||||||||
31-Dec-14 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||
Greater | Investment Over | ||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Than 90 Days | Total | Total Loans | 90 Days Past Due | ||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Current | Receivable | and Still Accruing | |||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||
Construction | $ | — | $ | — | 182 | $ | 182 | $ | 60,880 | $ | 61,062 | $ | — | ||||||||||||||||
Farmland | — | — | — | — | 16,097 | 16,097 | — | ||||||||||||||||||||||
1-4 family residential | — | — | 63 | 63 | 41,489 | 41,552 | 5 | ||||||||||||||||||||||
Multi-family residential | — | — | — | — | 11,369 | 11,369 | — | ||||||||||||||||||||||
Nonfarm nonresidential | — | — | 311 | 311 | 215,486 | 215,797 | — | ||||||||||||||||||||||
Commercial | 41 | — | — | 41 | 185,250 | 185,291 | — | ||||||||||||||||||||||
Consumer | — | — | — | — | 27,218 | 27,218 | — | ||||||||||||||||||||||
Total | $ | 41 | $ | — | 556 | $ | 597 | $ | 557,789 | $ | 558,386 | $ | 5 | ||||||||||||||||
The following is a summary of information pertaining to impaired loans as of March 31, 2015 and December 31, 2014. The interest income recognized for impaired loans was insignificant. | |||||||||||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Unpaid | Average | ||||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | ||||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | ||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
1 to 4 Family | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Multifamily | — | — | — | — | |||||||||||||||||||||||||
Commercial Real Estate | — | — | — | — | |||||||||||||||||||||||||
Construction | 1,406 | 1,406 | 505 | 1,413 | |||||||||||||||||||||||||
Other | — | — | — | — | |||||||||||||||||||||||||
Other Loans | |||||||||||||||||||||||||||||
Commercial | — | — | — | 14 | |||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||
$ | 1,406 | $ | 1,406 | $ | 505 | $ | 1,427 | ||||||||||||||||||||||
With no allowance recorded: | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
1 to 4 Family | $ | 873 | $ | 942 | $ | — | $ | 907 | |||||||||||||||||||||
Multifamily | — | — | — | — | |||||||||||||||||||||||||
Commercial Real Estate | 4,013 | 4,919 | — | 4,069 | |||||||||||||||||||||||||
Construction | 1,344 | 1,344 | — | 1,344 | |||||||||||||||||||||||||
Other | — | — | — | — | |||||||||||||||||||||||||
Other Loans | |||||||||||||||||||||||||||||
Commercial | 3,595 | 3,595 | — | 3,610 | |||||||||||||||||||||||||
Consumer | 25 | 25 | — | 36 | |||||||||||||||||||||||||
$ | 9,850 | $ | 10,825 | $ | — | $ | 9,966 | ||||||||||||||||||||||
Total Impaired Loans: | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
1 to 4 Family | $ | 873 | $ | 942 | $ | — | $ | 907 | |||||||||||||||||||||
Multifamily | — | — | — | — | |||||||||||||||||||||||||
Commercial Real Estate | 4,013 | 4,919 | — | 4,069 | |||||||||||||||||||||||||
Construction | 2,750 | 2,750 | 505 | 2,757 | |||||||||||||||||||||||||
Other | — | — | — | — | |||||||||||||||||||||||||
Other Loans | |||||||||||||||||||||||||||||
Commercial | 3,595 | 3,595 | — | 3,624 | |||||||||||||||||||||||||
Consumer | 25 | 25 | — | 36 | |||||||||||||||||||||||||
$ | 11,256 | $ | 12,231 | $ | 505 | $ | 11,393 | ||||||||||||||||||||||
December 31, 2014 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Unpaid | Average | ||||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | ||||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | ||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
1 to 4 Family | $ | — | $ | — | $ | — | $ | 83 | |||||||||||||||||||||
Multifamily | — | — | — | — | |||||||||||||||||||||||||
Commercial Real Estate | — | — | — | — | |||||||||||||||||||||||||
Construction | 1,428 | 1,428 | 505 | 1,345 | |||||||||||||||||||||||||
Other | — | — | — | — | |||||||||||||||||||||||||
Other Loans | |||||||||||||||||||||||||||||
Commercial | 41 | 41 | 41 | 3 | |||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||
$ | 1,469 | $ | 1,469 | $ | 546 | $ | 1,431 | ||||||||||||||||||||||
With no allowance recorded: | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
1 to 4 Family | $ | 977 | $ | 1,020 | $ | — | $ | 1,090 | |||||||||||||||||||||
Multifamily | — | — | — | — | |||||||||||||||||||||||||
Commercial Real Estate | 4,358 | 5,264 | — | 5,069 | |||||||||||||||||||||||||
Construction | 1,344 | 1,344 | — | 1,905 | |||||||||||||||||||||||||
Other | — | — | — | — | |||||||||||||||||||||||||
Other Loans | |||||||||||||||||||||||||||||
Commercial | 3,673 | 3,673 | — | 3,753 | |||||||||||||||||||||||||
Consumer | 47 | 47 | — | 205 | |||||||||||||||||||||||||
$ | 10,399 | $ | 11,348 | $ | — | $ | 12,022 | ||||||||||||||||||||||
Total Impaired Loans: | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
1 to 4 Family | $ | 977 | $ | 1,020 | $ | — | $ | 1,173 | |||||||||||||||||||||
Multifamily | — | — | — | — | |||||||||||||||||||||||||
Commercial Real Estate | 4,358 | 5,264 | — | 5,069 | |||||||||||||||||||||||||
Construction | 2,772 | 2,772 | 505 | 3,250 | |||||||||||||||||||||||||
Other | — | — | — | — | |||||||||||||||||||||||||
Other Loans | |||||||||||||||||||||||||||||
Commercial | 3,714 | 3,714 | 41 | 3,756 | |||||||||||||||||||||||||
Consumer | 47 | 47 | — | 205 | |||||||||||||||||||||||||
$ | 11,868 | $ | 12,817 | $ | 546 | $ | 13,453 | ||||||||||||||||||||||
The Bank seeks to assist customers that are experiencing financial difficulty by renegotiating loans within lending regulations and guidelines. The Bank makes loan modifications, primarily utilizing internal renegotiation programs via direct customer contact, that manage customers’ debt exposures held only by the Bank. Additionally, the Bank makes loan modifications with customers who have elected to work with external renegotiation agencies and these modifications provide solutions to customers’ entire unsecured debt structures. During the periods ended March 31, 2015 and December 31, 2014, the concessions granted to certain borrowers included extending the payment due dates, lowering the contractual interest rate, reducing accrued interest, and reducing the debt’s face or maturity amount. | |||||||||||||||||||||||||||||
Once modified in a troubled debt restructuring, a loan is generally considered impaired until its contractual maturity. At the time of the restructuring, the loan is evaluated for an asset-specific allowance for credit losses. The Bank continues to specifically reevaluate the loan in subsequent periods, regardless of the borrower’s performance under the modified terms. If a borrower subsequently defaults on the loan after it is restructured the Bank provides an allowance for credit losses for the amount of the loan that exceeds the value of the related collateral. | |||||||||||||||||||||||||||||
The following tables present informative data regarding loan modifications occurring as of March 31, 2015 and December 31, 2014. | |||||||||||||||||||||||||||||
Modifications as of March 31, 2015: | |||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | ||||||||||||||||||||||||||||
Number | Outstanding | Outstanding | |||||||||||||||||||||||||||
of | Recorded | Recorded | |||||||||||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Troubled Debt Restructing | |||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||
1 - 4 Family | 4 | $ | 1,388 | $ | 871 | ||||||||||||||||||||||||
Multifamily | — | — | |||||||||||||||||||||||||||
Commercial Real Estate | 5 | 7,201 | 3,883 | ||||||||||||||||||||||||||
Construction | 1 | 1,586 | 1,162 | ||||||||||||||||||||||||||
Other | — | — | |||||||||||||||||||||||||||
Other Loans: | |||||||||||||||||||||||||||||
Commercial | 5 | 3,840 | 3,576 | ||||||||||||||||||||||||||
Consumer | 2 | 139 | 25 | ||||||||||||||||||||||||||
Total Loans | 17 | $ | 14,154 | $ | 9,517 | ||||||||||||||||||||||||
Modifications as of December 31, 2014: | |||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | ||||||||||||||||||||||||||||
Number | Outstanding | Outstanding | |||||||||||||||||||||||||||
of | Recorded | Recorded | |||||||||||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Troubled Debt Restructing | |||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||
1 - 4 Family | 5 | $ | 1,519 | $ | 973 | ||||||||||||||||||||||||
Multifamily | — | — | |||||||||||||||||||||||||||
Commercial Real Estate | 5 | 7,201 | 4,047 | ||||||||||||||||||||||||||
Construction | 1 | 1,586 | 1,162 | ||||||||||||||||||||||||||
Other | — | — | |||||||||||||||||||||||||||
Other Loans: | |||||||||||||||||||||||||||||
Commercial | 6 | 3,888 | 3,658 | ||||||||||||||||||||||||||
Consumer | 2 | 139 | 47 | ||||||||||||||||||||||||||
Total Loans | 19 | $ | 14,333 | $ | 9,887 | ||||||||||||||||||||||||
Fair_Value_of_Financial_Instru
Fair Value of Financial Instruments | 3 Months Ended | ||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | |||||||||||||||||||||
Fair Value of Financial Instruments | Note 6 – Fair Value of Financial Instruments – | ||||||||||||||||||||
Fair Value Disclosures | |||||||||||||||||||||
The Company groups its financial assets and liabilities measured at fair value in three levels. Fair value should be based on the assumptions market participants would use when pricing the asset or liability and establishes a fair value hierarchy that prioritizes the inputs used to develop those assumptions and measure fair value. The hierarchy requires companies to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: | |||||||||||||||||||||
• | Level 1 – Includes the most reliable sources, and includes quoted prices in active markets for identical assets or liabilities. | ||||||||||||||||||||
• | Level 2 – Includes observable inputs. Observable inputs include inputs other than quoted prices that are observable for the asset or liability (for example, interest rates and yield curves at commonly quoted intervals, volatilities, prepayment speeds, loss severities, credit risks, and default rates) as well as inputs that are derived principally from or corroborated by observable market data by correlation or other means (market-corroborated inputs). | ||||||||||||||||||||
• | Level 3 – Includes unobservable inputs and should be used only when observable inputs are unavailable. | ||||||||||||||||||||
Recurring Basis | |||||||||||||||||||||
Fair values of investment securities available for sale were primarily measured using information from a third-party pricing service. This pricing service provides information by utilizing evaluated pricing models supported with market data information. Standard inputs include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, benchmark securities, bids, offers, and reference data from market research publications. | |||||||||||||||||||||
The following tables present the balance of assets and liabilities measured on a recurring basis as of March 31, 2015 and December 31, 2014. The Company did not record any liabilities at fair value for which measurement of the fair value was made on a recurring basis. | |||||||||||||||||||||
Quoted Prices in | Significant | ||||||||||||||||||||
Active Markets | Other | Significant | |||||||||||||||||||
for Identical | Observable | Unobservable | |||||||||||||||||||
Assets | Inputs | Inputs | |||||||||||||||||||
Fair Value | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||
Available for Sale: | |||||||||||||||||||||
U.S. Government Agency Securities | $ | 11,352 | $ | — | $ | 11,352 | $ | — | |||||||||||||
Corporate Securities | 8,624 | — | 8,624 | — | |||||||||||||||||
Mortgage-Backed Securities | 34,760 | — | 34,760 | — | |||||||||||||||||
Municipal Securities | 34,081 | — | 34,081 | — | |||||||||||||||||
Other Securities | 611 | — | 611 | — | |||||||||||||||||
Total | $ | 89,428 | $ | — | $ | 89,428 | $ | — | |||||||||||||
December 31, 2014 | |||||||||||||||||||||
Available for Sale: | |||||||||||||||||||||
U.S. Government Agency Securities | $ | 9,142 | $ | — | $ | 9,142 | $ | — | |||||||||||||
Corporate Securities | — | — | — | — | |||||||||||||||||
Mortgage-Backed Securities | 34,026 | — | 34,026 | — | |||||||||||||||||
Municipal Securities | 30,660 | — | 30,660 | — | |||||||||||||||||
Other Securities | 675 | — | 675 | — | |||||||||||||||||
Total | $ | 74,503 | $ | — | $ | 74,503 | $ | — | |||||||||||||
Nonrecurring Basis | |||||||||||||||||||||
The Company has segregated all financial assets and liabilities that are measured at fair value on a nonrecurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date in the table below. The Company did not record any liabilities at fair value for which measurement of the fair value was made on a nonrecurring basis. | |||||||||||||||||||||
The fair value of the impaired loans is measured at the fair value of the collateral for collateral- dependent loans. Impaired loans are Level 2 assets measured using appraisals from external parties of the collateral less any prior liens. Repossessed assets are initially recorded at fair value less estimated cost to sell. The fair value of repossessed assets is based on property appraisals and an analysis of similar properties available. As such, the Bank records repossessed assets as Level 2. | |||||||||||||||||||||
Quoted Prices in | Significant | ||||||||||||||||||||
Active Markets | Other | Significant | |||||||||||||||||||
for Identical | Observable | Unobservable | |||||||||||||||||||
Assets | Inputs | Inputs | |||||||||||||||||||
Fair Value | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||
Assets: | |||||||||||||||||||||
Impaired Loans | $ | 10,751 | $ | — | $ | 10,751 | $ | — | |||||||||||||
Repossessed Assets | 2,957 | — | 2,957 | — | |||||||||||||||||
Total | $ | 13,708 | $ | — | $ | 13,708 | $ | — | |||||||||||||
December 31, 2014 | |||||||||||||||||||||
Assets: | |||||||||||||||||||||
Impaired Loans | $ | 11,322 | $ | — | $ | 11,322 | $ | — | |||||||||||||
Repossessed Assets | 3,028 | — | 3,028 | — | |||||||||||||||||
Total | $ | 14,350 | $ | — | $ | 14,350 | $ | — | |||||||||||||
Fair Value Financial Instruments | |||||||||||||||||||||
The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. 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. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. In accordance with generally accepted accounting principles, certain financial instruments and all non- financial instruments are excluded from these disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. | |||||||||||||||||||||
The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value: | |||||||||||||||||||||
Cash and Short-Term Investments – For those short-term instruments, the carrying amount is a reasonable estimate of fair value. | |||||||||||||||||||||
Securities – Fair value of securities is based on quoted market prices. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. | |||||||||||||||||||||
Loans – The fair value for loans is estimated using discounted cash flow analyses, with interest rates currently being offered for similar loans to borrowers with similar credit rates. Loans with similar classifications are aggregated for purposes of the calculations. The allowance for loan losses, which was used to measure the credit risk, is subtracted from loans. | |||||||||||||||||||||
Cash Value of Bank-Owned Life Insurance (BOLI) – The carrying amount approximates its fair value. | |||||||||||||||||||||
Deposits – The fair value of demand deposits and certain money market deposits is the amount payable at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated using discounted cash flow analyses, with interest rates currently offered for deposits of similar remaining maturities. | |||||||||||||||||||||
Borrowings – The fair value of FHLB advances and other long-term borrowings is estimated using the rates currently offered for advances of similar maturities. The carrying amount of short-term borrowings maturing within ninety days approximates the fair value. | |||||||||||||||||||||
Commitments to Extend Credit and Standby and Commercial Letters of Credit – The fair values of commitments to extend credit and standby and commercial letters of credit do not differ significantly from the commitment amount and are therefore omitted from this disclosure. | |||||||||||||||||||||
The estimated approximate fair values of the Bank’s financial instruments as of March 31, 2015 and December 31, 2014 are as follows: | |||||||||||||||||||||
Quoted Prices in | Significant | ||||||||||||||||||||
Active Markets | Other | Significant | |||||||||||||||||||
for Identical | Observable | Unobservable | |||||||||||||||||||
Carrying | Total | Assets | Inputs | Inputs | |||||||||||||||||
Amount | Fair Value | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||
Financial Assets: | |||||||||||||||||||||
Cash and Short-Term Investments | $ | 39,962 | $ | 39,962 | $ | 39,962 | $ | — | $ | — | |||||||||||
Securities | 89,428 | 89,428 | — | 89,428 | — | ||||||||||||||||
Loans- Net | 572,755 | 571,374 | — | — | 571,374 | ||||||||||||||||
Cash Value of BOLI | 17,513 | 17,513 | — | 17,513 | — | ||||||||||||||||
$ | 719,658 | $ | 718,277 | $ | 39,962 | $ | 106,941 | $ | 571,374 | ||||||||||||
Financial Liabilities: | |||||||||||||||||||||
Deposits | $ | 625,646 | $ | 614,682 | $ | — | $ | — | $ | 614,682 | |||||||||||
Borrowings | 25,000 | 15,850 | — | 15,850 | — | ||||||||||||||||
$ | 650,646 | $ | 630,532 | $ | — | $ | 15,850 | $ | 614,682 | ||||||||||||
Quoted Prices in | Significant | ||||||||||||||||||||
Active Markets | Other | Significant | |||||||||||||||||||
for Identical | Observable | Unobservable | |||||||||||||||||||
Carrying | Total | Assets | Inputs | Inputs | |||||||||||||||||
Amount | Fair Value | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||
December 31, 2014 | |||||||||||||||||||||
Financial Assets: | |||||||||||||||||||||
Cash and Short-Term Investments | $ | 26,832 | $ | 26,832 | $ | 26,832 | $ | — | $ | — | |||||||||||
Securities | 74,503 | 74,503 | — | 74,503 | — | ||||||||||||||||
Loans - Net | 551,754 | 551,037 | — | — | 551,037 | ||||||||||||||||
Cash Value of BOLI | 17,376 | 17,376 | — | 17,376 | — | ||||||||||||||||
$ | 670,465 | $ | 669,748 | $ | 26,832 | $ | 91,879 | $ | 551,037 | ||||||||||||
Financial Liabilities: | |||||||||||||||||||||
Deposits | $ | 587,252 | $ | 581,239 | $ | — | $ | — | $ | 581,239 | |||||||||||
Borrowings | 15,000 | 14,986 | — | 14,986 | — | ||||||||||||||||
$ | 602,252 | $ | 596,225 | $ | — | $ | 14,986 | $ | 581,239 | ||||||||||||
Recently_Issued_Accounting_Pro
Recently Issued Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2015 | |
Accounting Changes and Error Corrections [Abstract] | |
Recently Issued Accounting Pronouncements | Note 7 – Recently Issued Accounting Pronouncements – |
In January 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-01, Investments – Equity Method and Joint Venture – Accounting for Investments in Qualified Affordable Housing Projects, which permits entities to make an accounting policy election to account for investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. The new guidance also requires new disclosures for all investors in these projects. ASU No. 2014-01 is effective for interim and annual reporting periods beginning after December 15, 2014. The adoption of this ASU did not have a material impact on the Company’s consolidated financial statements. | |
In January 2014, the FASB issued ASU No. 2014-04, Receivables – Troubled Debt Restructurings by Creditors – Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure, which clarifies when an in-substance repossession of foreclosure is deemed to occur, that is when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, and the loan should be derecognized and the real estate property should be recognized. This ASU clarifies that an in-substance repossession or foreclosure has occurred when either the creditor obtains legal title to the property or the borrower conveys all interest in the property to the creditor to satisfy the loan through completion of a deed in lieu of foreclosure or similar legal agreement. ASU 2014-04 also requires the Company to disclose both the amount of foreclosed residential real estate property held and the investment in consumer mortgage loans collateralized by residential real estate that are in the process of foreclosure. This ASU is effective for interim and annual reporting periods beginning after December 15, 2014. The adoption of this ASU did not have a material impact on the Company’s consolidated financial statements. | |
In August 2014, the FASB issued ASU No. 2014-14, Receivables – Troubled Debt Restructurings by Creditors – Classification of Certain Government-Guaranteed Residential Mortgage Loans Upon Foreclosure, which provides guidance concerning the classification of foreclosed residential mortgage loans held by creditors that are fully guaranteed under certain government programs. If certain conditions are met, a residential mortgage loan is derecognized and a separate other receivable is recorded upon foreclosure. ASU No. 2014-14 is effective for interim and annual reporting periods beginning after December 15, 2014. The adoption of this ASU did not have a material impact on the Company’s consolidated financial statements. | |
In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements – Going Concern: Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which requires management to evaluate whether there are conditions and events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the financial statements are issued. This ASU is effective for interim and annual reporting periods beginning after December 15, 2016. The adoption of this ASU is not expected to have a material impact on the Company’s consolidated financial statements. |
Other_Matters
Other Matters | 3 Months Ended |
Mar. 31, 2015 | |
Text Block [Abstract] | |
Other Matters | Note 8 – Other Matters – |
After the close of business on March 31, 2015, the Company merged with American Gateway Financial Corporation (AGFC), parent bank holding company for American Gateway Bank, to which the operations of AGFC merged with the Company. AGFC is a full service bank with 11 branches located in the Baton Rouge metro region. As part of the merger, the Company issued common stock, as well as cash, for the outstanding shares of AGFC. The Company believes with this merger, it will not only increase its presence in the Baton Rouge region, but also in Louisiana statewide, by being able to offer more services to its customers. The Company also believes that merging with AGFC will increase its core deposits and allow the opportunity to further increase the loan portfolio. The merger took place after the close of business on March 31, 2015. Accordingly, the unaudited financial statements do not give affect to the merger. |
Recently_Issued_Accounting_Pro1
Recently Issued Accounting Pronouncements (Policies) | 3 Months Ended |
Mar. 31, 2015 | |
Accounting Changes and Error Corrections [Abstract] | |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements – |
In January 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-01, Investments – Equity Method and Joint Venture – Accounting for Investments in Qualified Affordable Housing Projects, which permits entities to make an accounting policy election to account for investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. The new guidance also requires new disclosures for all investors in these projects. ASU No. 2014-01 is effective for interim and annual reporting periods beginning after December 15, 2014. The adoption of this ASU did not have a material impact on the Company’s consolidated financial statements. | |
In January 2014, the FASB issued ASU No. 2014-04, Receivables – Troubled Debt Restructurings by Creditors – Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure, which clarifies when an in-substance repossession of foreclosure is deemed to occur, that is when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, and the loan should be derecognized and the real estate property should be recognized. This ASU clarifies that an in-substance repossession or foreclosure has occurred when either the creditor obtains legal title to the property or the borrower conveys all interest in the property to the creditor to satisfy the loan through completion of a deed in lieu of foreclosure or similar legal agreement. ASU 2014-04 also requires the Company to disclose both the amount of foreclosed residential real estate property held and the investment in consumer mortgage loans collateralized by residential real estate that are in the process of foreclosure. This ASU is effective for interim and annual reporting periods beginning after December 15, 2014. The adoption of this ASU did not have a material impact on the Company’s consolidated financial statements. | |
In August 2014, the FASB issued ASU No. 2014-14, Receivables – Troubled Debt Restructurings by Creditors – Classification of Certain Government-Guaranteed Residential Mortgage Loans Upon Foreclosure, which provides guidance concerning the classification of foreclosed residential mortgage loans held by creditors that are fully guaranteed under certain government programs. If certain conditions are met, a residential mortgage loan is derecognized and a separate other receivable is recorded upon foreclosure. ASU No. 2014-14 is effective for interim and annual reporting periods beginning after December 15, 2014. The adoption of this ASU did not have a material impact on the Company’s consolidated financial statements. | |
In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements – Going Concern: Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which requires management to evaluate whether there are conditions and events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the financial statements are issued. This ASU is effective for interim and annual reporting periods beginning after December 15, 2016. The adoption of this ASU is not expected to have a material impact on the Company’s consolidated financial statements. |
Earnings_per_Common_Share_Tabl
Earnings per Common Share (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Earnings Per Share [Abstract] | |||||||||
Computation of Basic and Diluted Earnings per Common Share | |||||||||
For The Three Months | |||||||||
Ended March 31, | |||||||||
2015 | 2014 | ||||||||
(Dollars in thousands) | |||||||||
(except per share data) | |||||||||
Numerator: | |||||||||
Net Income Available to Common Shares | $ | 1,133 | $ | 1,139 | |||||
Denominator: | |||||||||
Weighted Average Common Shares Outstanding | 5,314,925 | 5,314,925 | |||||||
Dilutive Effect of Stock Options and Warrants | 293,600 | 194,888 | |||||||
Weighted Average Dilutive Common Shares | 5,608,525 | 5,509,813 | |||||||
Basic Earnings Per Common Share From Net Income Available to Common Shares | $ | 0.21 | $ | 0.21 | |||||
Diluted Earnings Per Common Share From Net Income Available to Common Shares | $ | 0.2 | $ | 0.21 | |||||
Securities_Tables
Securities (Tables) | 3 Months Ended | ||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||
Text Block [Abstract] | |||||||||||||||||||||||||
Amortized Cost and Fair Values of Securities Available for Sale | The amortized cost and fair values of securities available for sale as of March 31, 2015 and December 31, 2014 are summarized as follows: | ||||||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||||||||
U.S. Government Agencies | $ | 11,336 | $ | 36 | $ | 20 | $ | 11,352 | |||||||||||||||||
Corporate Securities | 8,637 | 17 | 30 | 8,624 | |||||||||||||||||||||
Mortgage-Backed Securities | 35,068 | 75 | 383 | 34,760 | |||||||||||||||||||||
Municipal Securities | 33,596 | 640 | 155 | 34,081 | |||||||||||||||||||||
Other Securities | 1,122 | — | 511 | 611 | |||||||||||||||||||||
$ | 89,759 | $ | 768 | $ | 1,099 | $ | 89,428 | ||||||||||||||||||
December 31, 2014 | |||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||||||||||
U.S. Government Agencies | $ | 9,260 | $ | 31 | $ | 149 | $ | 9,142 | |||||||||||||||||
Corporate Securities | — | — | — | — | |||||||||||||||||||||
Mortgage-Backed Securities | 34,591 | 51 | 616 | 34,026 | |||||||||||||||||||||
Municipal Securities | 30,324 | 562 | 226 | 30,660 | |||||||||||||||||||||
Other Securities | 1,302 | — | 627 | 675 | |||||||||||||||||||||
$ | 75,477 | $ | 644 | $ | 1,618 | $ | 74,503 | ||||||||||||||||||
Summary of Securities with Gross Unrealized Losses and Fair Values | The following table is a summary of securities with gross unrealized losses and fair values at March 31, 2015 and December 31, 2014, aggregated by investment category and length of time in a continued unrealized loss position. Due to the nature of these investments and current prevailing market prices, these unrealized losses are considered a temporary impairment of the securities. | ||||||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||||||
Less Than 12 Months | 12 Months or Greater | Total | |||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Gross | Gross | Gross | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
U.S. Government Agencies | $ | 1,713 | $ | 1 | $ | 3,871 | $ | 19 | $ | 5,584 | $ | 20 | |||||||||||||
Corporate Securities | 6,547 | 30 | — | — | 6,547 | 30 | |||||||||||||||||||
Mortgage-Backed Securities | — | — | 28,015 | 383 | 28,015 | 383 | |||||||||||||||||||
Municipal Securities | 6,290 | 45 | 4,858 | 110 | 11,148 | 155 | |||||||||||||||||||
Other Securities | — | — | 611 | 511 | 611 | 511 | |||||||||||||||||||
$ | 14,550 | $ | 76 | $ | 37,355 | $ | 1,023 | $ | 51,905 | $ | 1,099 | ||||||||||||||
December 31, 2014 | |||||||||||||||||||||||||
Less Than 12 Months | 12 Months or Greater | Total | |||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||
Value | Losses | Value | Losses | ||||||||||||||||||||||
U.S. Government Agencies | $ | — | $ | — | $ | 8,003 | $ | 149 | $ | 8,003 | $ | 149 | |||||||||||||
Corporate Securities | — | — | — | — | — | — | |||||||||||||||||||
Mortgage-Backed Securities | — | — | 32,714 | 616 | 32,714 | 616 | |||||||||||||||||||
Municipal Securities | 4,703 | 20 | 9,687 | 206 | 14,390 | 226 | |||||||||||||||||||
Other Securities | — | — | 675 | 627 | 675 | 627 | |||||||||||||||||||
$ | 4,703 | $ | 20 | $ | 51,079 | $ | 1,598 | $ | 55,782 | $ | 1,618 | ||||||||||||||
Summary of Amortized Cost and Fair Values of Securities Available for Sale by Contractual Maturity | The amortized cost and fair values of securities available for sale as of March 31, 2015 by contractual maturity are shown below. | ||||||||||||||||||||||||
Amortized | Fair | ||||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||
Less Than One Year | $ | 696 | $ | 701 | |||||||||||||||||||||
One to Five Years | 11,788 | 12,091 | |||||||||||||||||||||||
Over Five to Ten Years | 31,072 | 31,279 | |||||||||||||||||||||||
Over Ten Years | 46,203 | 45,357 | |||||||||||||||||||||||
$ | 89,759 | $ | 89,428 | ||||||||||||||||||||||
Loans_and_the_Allowance_for_Lo1
Loans and the Allowance for Loan Losses (Tables) | 3 Months Ended | ||||||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||||||
Receivables [Abstract] | |||||||||||||||||||||||||||||
Summary of Loans Receivable | Loans receivable at March 31, 2015 and December 31, 2014 are summarized as follows: | ||||||||||||||||||||||||||||
March 31, | December 31, | ||||||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Construction and land | $ | 65,860 | $ | 61,062 | |||||||||||||||||||||||||
Farmland | 17,593 | 16,097 | |||||||||||||||||||||||||||
1-4 family residential | 43,345 | 41,552 | |||||||||||||||||||||||||||
Multi-family residential | 11,291 | 11,369 | |||||||||||||||||||||||||||
Nonfarm nonresidential | 226,196 | 215,797 | |||||||||||||||||||||||||||
Commercial | 185,179 | 185,291 | |||||||||||||||||||||||||||
Consumer | 30,116 | 27,218 | |||||||||||||||||||||||||||
Total loans held for investment | 579,580 | 558,386 | |||||||||||||||||||||||||||
Less: | |||||||||||||||||||||||||||||
Allowance for loan losses | (6,825 | ) | (6,632 | ) | |||||||||||||||||||||||||
Net loans | $ | 572,755 | $ | 551,754 | |||||||||||||||||||||||||
Summary of Allowance for Credit Losses and Recorded Investment in Loans Receivable | Allowance for Credit Losses and Recorded Investment in Loans Receivable | ||||||||||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Real Estate | Commercial and | Real Estate | |||||||||||||||||||||||||||
1 to 4 Family | Other | Construction | Commercial | Consumer | Total | ||||||||||||||||||||||||
Allowance for credit losses: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 775 | $ | 1,194 | $ | 525 | $ | 3,813 | $ | 325 | $ | 6,632 | |||||||||||||||||
Charge-offs | — | — | — | (41 | ) | — | (41 | ) | |||||||||||||||||||||
Recoveries | 4 | — | — | 2 | 78 | 84 | |||||||||||||||||||||||
Provision | 12 | 46 | 49 | 37 | 6 | 150 | |||||||||||||||||||||||
Ending Balance | $ | 791 | $ | 1,240 | $ | 574 | $ | 3,811 | $ | 409 | $ | 6,825 | |||||||||||||||||
Ending Balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | 505 | $ | — | $ | — | $ | 505 | |||||||||||||||||
Collectively evaluated for impairment | $ | 791 | $ | 1,240 | $ | 69 | $ | 3,811 | $ | 409 | $ | 6,320 | |||||||||||||||||
Loans receivable: | |||||||||||||||||||||||||||||
Ending Balance | $ | 43,345 | $ | 255,080 | $ | 65,860 | $ | 185,179 | $ | 30,116 | $ | 579,580 | |||||||||||||||||
Ending Balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 873 | $ | 4,013 | $ | 2,750 | $ | 3,595 | $ | 25 | $ | 11,256 | |||||||||||||||||
Collectively evaluated for impairment | $ | 42,472 | $ | 251,067 | $ | 63,110 | $ | 181,584 | $ | 30,091 | $ | 568,324 | |||||||||||||||||
December 31, 2014 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Real Estate | Commercial and | Real Estate | |||||||||||||||||||||||||||
1 to 4 Family | Other | Construction | Commercial | Consumer | Total | ||||||||||||||||||||||||
Allowance for credit losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 836 | $ | 974 | $ | 315 | $ | 3,647 | $ | 271 | $ | 6,043 | |||||||||||||||||
Charge-offs | (174 | ) | — | — | (10 | ) | — | (184 | ) | ||||||||||||||||||||
Recoveries | 29 | — | — | 16 | 28 | 73 | |||||||||||||||||||||||
Provision | 84 | 220 | 210 | 160 | 26 | 700 | |||||||||||||||||||||||
Ending Balance | $ | 775 | $ | 1,194 | $ | 525 | $ | 3,813 | $ | 325 | $ | 6,632 | |||||||||||||||||
Ending Balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | — | $ | — | $ | 505 | $ | 41 | $ | — | $ | 546 | |||||||||||||||||
Collectively evaluated for impairment | $ | 775 | $ | 1,194 | $ | 20 | $ | 3,772 | $ | 325 | $ | 6,086 | |||||||||||||||||
Loans receivable: | |||||||||||||||||||||||||||||
Ending Balance | $ | 41,552 | $ | 243,263 | $ | 61,062 | $ | 185,291 | $ | 27,218 | $ | 558,386 | |||||||||||||||||
Ending Balance: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 977 | $ | 4,358 | $ | 2,772 | $ | 3,714 | $ | 47 | $ | 11,868 | |||||||||||||||||
Collectively evaluated for impairment | $ | 40,575 | $ | 238,905 | $ | 58,290 | $ | 181,577 | $ | 27,171 | $ | 546,518 | |||||||||||||||||
Summary of Credit Quality Indicators, Disaggregated by Class of Loan | Credit Quality Indicators | ||||||||||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Total | |||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||
Construction | $ | 61,589 | $ | 2,052 | $ | 631 | $ | 1,588 | $ | 65,860 | |||||||||||||||||||
Farmland | 17,593 | — | — | — | 17,593 | ||||||||||||||||||||||||
1-4 family residential | 41,662 | 849 | 775 | 59 | 43,345 | ||||||||||||||||||||||||
Multi-family residential | 10,346 | 945 | — | — | 11,291 | ||||||||||||||||||||||||
Nonfarm nonresidential | 206,535 | 11,021 | 7,739 | 901 | 226,196 | ||||||||||||||||||||||||
Commercial | 164,898 | 9,126 | 11,154 | 1 | 185,179 | ||||||||||||||||||||||||
Consumer | 29,414 | 677 | 25 | — | 30,116 | ||||||||||||||||||||||||
Total | $ | 532,037 | $ | 24,670 | $ | 20,324 | $ | 2,549 | $ | 579,580 | |||||||||||||||||||
December 31, 2014 | |||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Total | |||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||
Construction | $ | 56,740 | $ | 2,069 | $ | 642 | $ | 1,611 | $ | 61,062 | |||||||||||||||||||
Farmland | 16,097 | — | — | — | 16,097 | ||||||||||||||||||||||||
1-4 family residential | 39,702 | 912 | 786 | 152 | 41,552 | ||||||||||||||||||||||||
Multi-family residential | 10,463 | 906 | — | — | 11,369 | ||||||||||||||||||||||||
Nonfarm nonresidential | 190,356 | 16,410 | 7,812 | 1,219 | 215,797 | ||||||||||||||||||||||||
Commercial | 161,904 | 12,087 | 11,254 | 46 | 185,291 | ||||||||||||||||||||||||
Consumer | 26,654 | 517 | 47 | — | 27,218 | ||||||||||||||||||||||||
Total | $ | 501,916 | $ | 32,901 | $ | 20,541 | $ | 3,028 | $ | 558,386 | |||||||||||||||||||
Summary of Aged Analysis of Past Due Loans Receivable | The following table reflects certain information with respect to the loan portfolio delinquencies by loan class and amount as of March 31, 2015 and December 31, 2014. All loans greater than 90 days past due are placed on non-accrual status. | ||||||||||||||||||||||||||||
Aged Analysis of Past Due Loans Receivable | |||||||||||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||
Greater | Investment Over | ||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Than 90 Days | Total | Total Loans | 90 Days Past Due | ||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Current | Receivable | and Still Accruing | |||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||
Construction | $ | — | $ | — | $ | 182 | $ | 182 | $ | 65,678 | $ | 65,860 | $ | — | |||||||||||||||
Farmland | — | — | — | — | 17,593 | 17,593 | — | ||||||||||||||||||||||
1-4 family residential | — | — | 59 | 59 | 43,286 | 43,345 | — | ||||||||||||||||||||||
Multi-family residential | — | — | — | — | 11,291 | 11,291 | — | ||||||||||||||||||||||
Nonfarm nonresidential | — | — | 131 | 131 | 226,065 | 226,196 | — | ||||||||||||||||||||||
Commercial | — | — | — | — | 185,179 | 185,179 | — | ||||||||||||||||||||||
Consumer | — | — | — | — | 30,116 | 30,116 | — | ||||||||||||||||||||||
Total | $ | — | $ | — | $ | 372 | $ | 372 | $ | 579,208 | $ | 579,580 | $ | — | |||||||||||||||
31-Dec-14 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Recorded | |||||||||||||||||||||||||||||
Greater | Investment Over | ||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Than 90 Days | Total | Total Loans | 90 Days Past Due | ||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Current | Receivable | and Still Accruing | |||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||
Construction | $ | — | $ | — | 182 | $ | 182 | $ | 60,880 | $ | 61,062 | $ | — | ||||||||||||||||
Farmland | — | — | — | — | 16,097 | 16,097 | — | ||||||||||||||||||||||
1-4 family residential | — | — | 63 | 63 | 41,489 | 41,552 | 5 | ||||||||||||||||||||||
Multi-family residential | — | — | — | — | 11,369 | 11,369 | — | ||||||||||||||||||||||
Nonfarm nonresidential | — | — | 311 | 311 | 215,486 | 215,797 | — | ||||||||||||||||||||||
Commercial | 41 | — | — | 41 | 185,250 | 185,291 | — | ||||||||||||||||||||||
Consumer | — | — | — | — | 27,218 | 27,218 | — | ||||||||||||||||||||||
Total | $ | 41 | $ | — | 556 | $ | 597 | $ | 557,789 | $ | 558,386 | $ | 5 | ||||||||||||||||
Summary of Information Pertaining to Impaired Loans | The following is a summary of information pertaining to impaired loans as of March 31, 2015 and December 31, 2014. The interest income recognized for impaired loans was insignificant. | ||||||||||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Unpaid | Average | ||||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | ||||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | ||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
1 to 4 Family | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||||
Multifamily | — | — | — | — | |||||||||||||||||||||||||
Commercial Real Estate | — | — | — | — | |||||||||||||||||||||||||
Construction | 1,406 | 1,406 | 505 | 1,413 | |||||||||||||||||||||||||
Other | — | — | — | — | |||||||||||||||||||||||||
Other Loans | |||||||||||||||||||||||||||||
Commercial | — | — | — | 14 | |||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||
$ | 1,406 | $ | 1,406 | $ | 505 | $ | 1,427 | ||||||||||||||||||||||
With no allowance recorded: | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
1 to 4 Family | $ | 873 | $ | 942 | $ | — | $ | 907 | |||||||||||||||||||||
Multifamily | — | — | — | — | |||||||||||||||||||||||||
Commercial Real Estate | 4,013 | 4,919 | — | 4,069 | |||||||||||||||||||||||||
Construction | 1,344 | 1,344 | — | 1,344 | |||||||||||||||||||||||||
Other | — | — | — | — | |||||||||||||||||||||||||
Other Loans | |||||||||||||||||||||||||||||
Commercial | 3,595 | 3,595 | — | 3,610 | |||||||||||||||||||||||||
Consumer | 25 | 25 | — | 36 | |||||||||||||||||||||||||
$ | 9,850 | $ | 10,825 | $ | — | $ | 9,966 | ||||||||||||||||||||||
Total Impaired Loans: | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
1 to 4 Family | $ | 873 | $ | 942 | $ | — | $ | 907 | |||||||||||||||||||||
Multifamily | — | — | — | — | |||||||||||||||||||||||||
Commercial Real Estate | 4,013 | 4,919 | — | 4,069 | |||||||||||||||||||||||||
Construction | 2,750 | 2,750 | 505 | 2,757 | |||||||||||||||||||||||||
Other | — | — | — | — | |||||||||||||||||||||||||
Other Loans | |||||||||||||||||||||||||||||
Commercial | 3,595 | 3,595 | — | 3,624 | |||||||||||||||||||||||||
Consumer | 25 | 25 | — | 36 | |||||||||||||||||||||||||
$ | 11,256 | $ | 12,231 | $ | 505 | $ | 11,393 | ||||||||||||||||||||||
December 31, 2014 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Unpaid | Average | ||||||||||||||||||||||||||||
Recorded | Principal | Related | Recorded | ||||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | ||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
1 to 4 Family | $ | — | $ | — | $ | — | $ | 83 | |||||||||||||||||||||
Multifamily | — | — | — | — | |||||||||||||||||||||||||
Commercial Real Estate | — | — | — | — | |||||||||||||||||||||||||
Construction | 1,428 | 1,428 | 505 | 1,345 | |||||||||||||||||||||||||
Other | — | — | — | — | |||||||||||||||||||||||||
Other Loans | |||||||||||||||||||||||||||||
Commercial | 41 | 41 | 41 | 3 | |||||||||||||||||||||||||
Consumer | — | — | — | — | |||||||||||||||||||||||||
$ | 1,469 | $ | 1,469 | $ | 546 | $ | 1,431 | ||||||||||||||||||||||
With no allowance recorded: | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
1 to 4 Family | $ | 977 | $ | 1,020 | $ | — | $ | 1,090 | |||||||||||||||||||||
Multifamily | — | — | — | — | |||||||||||||||||||||||||
Commercial Real Estate | 4,358 | 5,264 | — | 5,069 | |||||||||||||||||||||||||
Construction | 1,344 | 1,344 | — | 1,905 | |||||||||||||||||||||||||
Other | — | — | — | — | |||||||||||||||||||||||||
Other Loans | |||||||||||||||||||||||||||||
Commercial | 3,673 | 3,673 | — | 3,753 | |||||||||||||||||||||||||
Consumer | 47 | 47 | — | 205 | |||||||||||||||||||||||||
$ | 10,399 | $ | 11,348 | $ | — | $ | 12,022 | ||||||||||||||||||||||
Total Impaired Loans: | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
1 to 4 Family | $ | 977 | $ | 1,020 | $ | — | $ | 1,173 | |||||||||||||||||||||
Multifamily | — | — | — | — | |||||||||||||||||||||||||
Commercial Real Estate | 4,358 | 5,264 | — | 5,069 | |||||||||||||||||||||||||
Construction | 2,772 | 2,772 | 505 | 3,250 | |||||||||||||||||||||||||
Other | — | — | — | — | |||||||||||||||||||||||||
Other Loans | |||||||||||||||||||||||||||||
Commercial | 3,714 | 3,714 | 41 | 3,756 | |||||||||||||||||||||||||
Consumer | 47 | 47 | — | 205 | |||||||||||||||||||||||||
$ | 11,868 | $ | 12,817 | $ | 546 | $ | 13,453 | ||||||||||||||||||||||
Summary of Informative Data Regarding Loan Modifications | The following tables present informative data regarding loan modifications occurring as of March 31, 2015 and December 31, 2014. | ||||||||||||||||||||||||||||
Modifications as of March 31, 2015: | |||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | ||||||||||||||||||||||||||||
Number | Outstanding | Outstanding | |||||||||||||||||||||||||||
of | Recorded | Recorded | |||||||||||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Troubled Debt Restructing | |||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||
1 - 4 Family | 4 | $ | 1,388 | $ | 871 | ||||||||||||||||||||||||
Multifamily | — | — | |||||||||||||||||||||||||||
Commercial Real Estate | 5 | 7,201 | 3,883 | ||||||||||||||||||||||||||
Construction | 1 | 1,586 | 1,162 | ||||||||||||||||||||||||||
Other | — | — | |||||||||||||||||||||||||||
Other Loans: | |||||||||||||||||||||||||||||
Commercial | 5 | 3,840 | 3,576 | ||||||||||||||||||||||||||
Consumer | 2 | 139 | 25 | ||||||||||||||||||||||||||
Total Loans | 17 | $ | 14,154 | $ | 9,517 | ||||||||||||||||||||||||
Modifications as of December 31, 2014: | |||||||||||||||||||||||||||||
Pre-Modification | Post-Modification | ||||||||||||||||||||||||||||
Number | Outstanding | Outstanding | |||||||||||||||||||||||||||
of | Recorded | Recorded | |||||||||||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Troubled Debt Restructing | |||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||
1 - 4 Family | 5 | $ | 1,519 | $ | 973 | ||||||||||||||||||||||||
Multifamily | — | — | |||||||||||||||||||||||||||
Commercial Real Estate | 5 | 7,201 | 4,047 | ||||||||||||||||||||||||||
Construction | 1 | 1,586 | 1,162 | ||||||||||||||||||||||||||
Other | — | — | |||||||||||||||||||||||||||
Other Loans: | |||||||||||||||||||||||||||||
Commercial | 6 | 3,888 | 3,658 | ||||||||||||||||||||||||||
Consumer | 2 | 139 | 47 | ||||||||||||||||||||||||||
Total Loans | 19 | $ | 14,333 | $ | 9,887 | ||||||||||||||||||||||||
Fair_Value_of_Financial_Instru1
Fair Value of Financial Instruments (Tables) | 3 Months Ended | ||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | |||||||||||||||||||||
Summary of Financial Assets Measured at Fair Value on Recurring Basis | The following tables present the balance of assets and liabilities measured on a recurring basis as of March 31, 2015 and December 31, 2014. The Company did not record any liabilities at fair value for which measurement of the fair value was made on a recurring basis. | ||||||||||||||||||||
Quoted Prices in | Significant | ||||||||||||||||||||
Active Markets | Other | Significant | |||||||||||||||||||
for Identical | Observable | Unobservable | |||||||||||||||||||
Assets | Inputs | Inputs | |||||||||||||||||||
Fair Value | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||
Available for Sale: | |||||||||||||||||||||
U.S. Government Agency Securities | $ | 11,352 | $ | — | $ | 11,352 | $ | — | |||||||||||||
Corporate Securities | 8,624 | — | 8,624 | — | |||||||||||||||||
Mortgage-Backed Securities | 34,760 | — | 34,760 | — | |||||||||||||||||
Municipal Securities | 34,081 | — | 34,081 | — | |||||||||||||||||
Other Securities | 611 | — | 611 | — | |||||||||||||||||
Total | $ | 89,428 | $ | — | $ | 89,428 | $ | — | |||||||||||||
December 31, 2014 | |||||||||||||||||||||
Available for Sale: | |||||||||||||||||||||
U.S. Government Agency Securities | $ | 9,142 | $ | — | $ | 9,142 | $ | — | |||||||||||||
Corporate Securities | — | — | — | — | |||||||||||||||||
Mortgage-Backed Securities | 34,026 | — | 34,026 | — | |||||||||||||||||
Municipal Securities | 30,660 | — | 30,660 | — | |||||||||||||||||
Other Securities | 675 | — | 675 | — | |||||||||||||||||
Total | $ | 74,503 | $ | — | $ | 74,503 | $ | — | |||||||||||||
Schedule of Bank Records Repossessed Assets as Level 2 | The fair value of repossessed assets is based on property appraisals and an analysis of similar properties available. As such, the Bank records repossessed assets as Level 2. | ||||||||||||||||||||
Quoted Prices in | Significant | ||||||||||||||||||||
Active Markets | Other | Significant | |||||||||||||||||||
for Identical | Observable | Unobservable | |||||||||||||||||||
Assets | Inputs | Inputs | |||||||||||||||||||
Fair Value | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||
Assets: | |||||||||||||||||||||
Impaired Loans | $ | 10,751 | $ | — | $ | 10,751 | $ | — | |||||||||||||
Repossessed Assets | 2,957 | — | 2,957 | — | |||||||||||||||||
Total | $ | 13,708 | $ | — | $ | 13,708 | $ | — | |||||||||||||
December 31, 2014 | |||||||||||||||||||||
Assets: | |||||||||||||||||||||
Impaired Loans | $ | 11,322 | $ | — | $ | 11,322 | $ | — | |||||||||||||
Repossessed Assets | 3,028 | — | 3,028 | — | |||||||||||||||||
Total | $ | 14,350 | $ | — | $ | 14,350 | $ | — | |||||||||||||
Schedule of Estimated Fair Values of Banks Financial Instruments | The estimated approximate fair values of the Bank’s financial instruments as of March 31, 2015 and December 31, 2014 are as follows: | ||||||||||||||||||||
Quoted Prices in | Significant | ||||||||||||||||||||
Active Markets | Other | Significant | |||||||||||||||||||
for Identical | Observable | Unobservable | |||||||||||||||||||
Carrying | Total | Assets | Inputs | Inputs | |||||||||||||||||
Amount | Fair Value | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||
March 31, 2015 | |||||||||||||||||||||
Financial Assets: | |||||||||||||||||||||
Cash and Short-Term Investments | $ | 39,962 | $ | 39,962 | $ | 39,962 | $ | — | $ | — | |||||||||||
Securities | 89,428 | 89,428 | — | 89,428 | — | ||||||||||||||||
Loans- Net | 572,755 | 571,374 | — | — | 571,374 | ||||||||||||||||
Cash Value of BOLI | 17,513 | 17,513 | — | 17,513 | — | ||||||||||||||||
$ | 719,658 | $ | 718,277 | $ | 39,962 | $ | 106,941 | $ | 571,374 | ||||||||||||
Financial Liabilities: | |||||||||||||||||||||
Deposits | $ | 625,646 | $ | 614,682 | $ | — | $ | — | $ | 614,682 | |||||||||||
Borrowings | 25,000 | 15,850 | — | 15,850 | — | ||||||||||||||||
$ | 650,646 | $ | 630,532 | $ | — | $ | 15,850 | $ | 614,682 | ||||||||||||
Quoted Prices in | Significant | ||||||||||||||||||||
Active Markets | Other | Significant | |||||||||||||||||||
for Identical | Observable | Unobservable | |||||||||||||||||||
Carrying | Total | Assets | Inputs | Inputs | |||||||||||||||||
Amount | Fair Value | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||
December 31, 2014 | |||||||||||||||||||||
Financial Assets: | |||||||||||||||||||||
Cash and Short-Term Investments | $ | 26,832 | $ | 26,832 | $ | 26,832 | $ | — | $ | — | |||||||||||
Securities | 74,503 | 74,503 | — | 74,503 | — | ||||||||||||||||
Loans - Net | 551,754 | 551,037 | — | — | 551,037 | ||||||||||||||||
Cash Value of BOLI | 17,376 | 17,376 | — | 17,376 | — | ||||||||||||||||
$ | 670,465 | $ | 669,748 | $ | 26,832 | $ | 91,879 | $ | 551,037 | ||||||||||||
Financial Liabilities: | |||||||||||||||||||||
Deposits | $ | 587,252 | $ | 581,239 | $ | — | $ | — | $ | 581,239 | |||||||||||
Borrowings | 15,000 | 14,986 | — | 14,986 | — | ||||||||||||||||
$ | 602,252 | $ | 596,225 | $ | — | $ | 14,986 | $ | 581,239 | ||||||||||||
Earnings_per_Common_Share_Comp
Earnings per Common Share - Computation of Basic and Diluted Earnings per Common Share (Detail) (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Earnings Per Share [Abstract] | ||
Net Income Available to Common Shares | $1,133 | $1,139 |
Weighted Average Common Shares Outstanding | 5,314,925 | 5,314,925 |
Dilutive Effect of Stock Options and Warrants | 293,600 | 194,888 |
Weighted Average Dilutive Common Shares | 5,608,525 | 5,509,813 |
Basic Earnings Per Common Share From Net Income Available to Common Shares | $0.21 | $0.21 |
Diluted Earnings Per Common Share From Net Income Available to Common Shares | $0.20 | $0.21 |
Securities_Amortized_Cost_and_
Securities - Amortized Cost and Fair Values of Securities Available for Sale (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | $89,759 | $75,477 |
Gross Unrealized Gains | 768 | 644 |
Gross Unrealized Losses | 1,099 | 1,618 |
Fair Value | 89,428 | 74,503 |
U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 11,336 | 9,260 |
Gross Unrealized Gains | 36 | 31 |
Gross Unrealized Losses | 20 | 149 |
Fair Value | 11,352 | 9,142 |
Corporate Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 8,637 | |
Gross Unrealized Gains | 17 | |
Gross Unrealized Losses | 30 | |
Fair Value | 8,624 | |
Mortgage - Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 35,068 | 34,591 |
Gross Unrealized Gains | 75 | 51 |
Gross Unrealized Losses | 383 | 616 |
Fair Value | 34,760 | 34,026 |
Municipal Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 33,596 | 30,324 |
Gross Unrealized Gains | 640 | 562 |
Gross Unrealized Losses | 155 | 226 |
Fair Value | 34,081 | 30,660 |
Other Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 1,122 | 1,302 |
Gross Unrealized Losses | 511 | 627 |
Fair Value | $611 | $675 |
Securities_Summary_of_Securiti
Securities - Summary of Securities with Gross Unrealized Losses and Fair Values (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value, Less Than 12 Months | $14,550 | $4,703 |
Gross Unrealized Losses, Less Than 12 Months | 76 | 20 |
Fair Value, 12 Months or Greater | 37,355 | 51,079 |
Gross Unrealized Losses, 12 Months or Greater | 1,023 | 1,598 |
Fair Value | 51,905 | 55,782 |
Gross Unrealized Losses | 1,099 | 1,618 |
U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value, Less Than 12 Months | 1,713 | |
Gross Unrealized Losses, Less Than 12 Months | 1 | |
Fair Value, 12 Months or Greater | 3,871 | 8,003 |
Gross Unrealized Losses, 12 Months or Greater | 19 | 149 |
Fair Value | 5,584 | 8,003 |
Gross Unrealized Losses | 20 | 149 |
Corporate Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value, Less Than 12 Months | 6,547 | |
Gross Unrealized Losses, Less Than 12 Months | 30 | |
Fair Value | 6,547 | |
Gross Unrealized Losses | 30 | |
Mortgage - Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value, 12 Months or Greater | 28,015 | 32,714 |
Gross Unrealized Losses, 12 Months or Greater | 383 | 616 |
Fair Value | 28,015 | 32,714 |
Gross Unrealized Losses | 383 | 616 |
Municipal Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value, Less Than 12 Months | 6,290 | 4,703 |
Gross Unrealized Losses, Less Than 12 Months | 45 | 20 |
Fair Value, 12 Months or Greater | 4,858 | 9,687 |
Gross Unrealized Losses, 12 Months or Greater | 110 | 206 |
Fair Value | 11,148 | 14,390 |
Gross Unrealized Losses | 155 | 226 |
Other Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Fair Value, 12 Months or Greater | 611 | 675 |
Gross Unrealized Losses, 12 Months or Greater | 511 | 627 |
Fair Value | 611 | 675 |
Gross Unrealized Losses | $511 | $627 |
Securities_Summary_of_Amortize
Securities - Summary of Amortized Cost and Fair Values of Securities Available for Sale by Contractual Maturity (Detail) (USD $) | Mar. 31, 2015 |
In Thousands, unless otherwise specified | |
Investments, Debt and Equity Securities [Abstract] | |
Less Than One Year, Amortized cost | $696 |
One to Five Years, Amortized cost | 11,788 |
Over Five to Ten Years, Amortized cost | 31,072 |
Over Ten Years, Amortized cost | 46,203 |
Total, Amortized cost | 89,759 |
Less Than One Year, Fair Value | 701 |
One to Five Years, Fair Value | 12,091 |
Over Five to Ten Years, Fair Value | 31,279 |
Over Ten Years, Fair Value | 45,357 |
Total, Fair Value | $89,428 |
Loans_and_the_Allowance_for_Lo2
Loans and the Allowance for Loan Losses - Summary of Loans Receivable (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans held for investment | $579,580 | $558,386 | |
Allowance for loan losses | -6,825 | -6,632 | -6,043 |
Net loans | 572,755 | 551,754 | |
Construction and Land [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans held for investment | 65,860 | 61,062 | |
Farmland [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans held for investment | 17,593 | 16,097 | |
1-4 Family Residential [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans held for investment | 43,345 | 41,552 | |
Allowance for loan losses | -791 | -775 | -836 |
Multi-family Residential [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans held for investment | 11,291 | 11,369 | |
Nonfarm Nonresidential [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans held for investment | 226,196 | 215,797 | |
Commercial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans held for investment | 185,179 | 185,291 | |
Consumer [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans held for investment | 30,116 | 27,218 | |
Allowance for loan losses | ($409) | ($325) | ($271) |
Loans_and_the_Allowance_for_Lo3
Loans and the Allowance for Loan Losses - Summary of Allowance for Credit Losses and Recorded Investment in Loans Receivable (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance for credit losses, Beginning balance | $6,632 | $6,043 | $6,043 |
Allowance for credit losses, Charge-offs | -41 | -184 | |
Allowance for credit losses, Recoveries | 84 | 73 | |
Allowance for credit losses, Provision | 150 | 150 | 700 |
Allowance for credit losses, Ending Balance | 6,825 | 6,632 | |
Allowance for credit losses, Individually evaluated for impairment | 505 | 546 | |
Allowance for credit losses, Collectively evaluated for impairment | 6,320 | 6,086 | |
Loans receivable, Ending Balance | 579,580 | 558,386 | |
Loans receivable, Individually evaluated for impairment | 11,256 | 11,868 | |
Loans receivable, Collectively evaluated for impairment | 568,324 | 546,518 | |
1-4 Family Residential [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance for credit losses, Beginning balance | 775 | 836 | 836 |
Allowance for credit losses, Charge-offs | -174 | ||
Allowance for credit losses, Recoveries | 4 | 29 | |
Allowance for credit losses, Provision | 12 | 84 | |
Allowance for credit losses, Ending Balance | 791 | 775 | |
Allowance for credit losses, Collectively evaluated for impairment | 791 | 775 | |
Loans receivable, Ending Balance | 43,345 | 41,552 | |
Loans receivable, Individually evaluated for impairment | 873 | 977 | |
Loans receivable, Collectively evaluated for impairment | 42,472 | 40,575 | |
Real Estate Commercial and Other [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance for credit losses, Beginning balance | 1,194 | 974 | 974 |
Allowance for credit losses, Provision | 46 | 220 | |
Allowance for credit losses, Ending Balance | 1,240 | 1,194 | |
Allowance for credit losses, Collectively evaluated for impairment | 1,240 | 1,194 | |
Loans receivable, Ending Balance | 255,080 | 243,263 | |
Loans receivable, Individually evaluated for impairment | 4,013 | 4,358 | |
Loans receivable, Collectively evaluated for impairment | 251,067 | 238,905 | |
Real Estate Construction [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance for credit losses, Beginning balance | 525 | 315 | 315 |
Allowance for credit losses, Provision | 49 | 210 | |
Allowance for credit losses, Ending Balance | 574 | 525 | |
Allowance for credit losses, Individually evaluated for impairment | 505 | 505 | |
Allowance for credit losses, Collectively evaluated for impairment | 69 | 20 | |
Loans receivable, Ending Balance | 65,860 | 61,062 | |
Loans receivable, Individually evaluated for impairment | 2,750 | 2,772 | |
Loans receivable, Collectively evaluated for impairment | 63,110 | 58,290 | |
Commercial [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance for credit losses, Beginning balance | 3,813 | 3,647 | 3,647 |
Allowance for credit losses, Charge-offs | -41 | -10 | |
Allowance for credit losses, Recoveries | 2 | 16 | |
Allowance for credit losses, Provision | 37 | 160 | |
Allowance for credit losses, Ending Balance | 3,811 | 3,813 | |
Allowance for credit losses, Individually evaluated for impairment | 41 | ||
Allowance for credit losses, Collectively evaluated for impairment | 3,811 | 3,772 | |
Loans receivable, Ending Balance | 185,179 | 185,291 | |
Loans receivable, Individually evaluated for impairment | 3,595 | 3,714 | |
Loans receivable, Collectively evaluated for impairment | 181,584 | 181,577 | |
Consumer [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance for credit losses, Beginning balance | 325 | 271 | 271 |
Allowance for credit losses, Recoveries | 78 | 28 | |
Allowance for credit losses, Provision | 6 | 26 | |
Allowance for credit losses, Ending Balance | 409 | 325 | |
Allowance for credit losses, Collectively evaluated for impairment | 409 | 325 | |
Loans receivable, Ending Balance | 30,116 | 27,218 | |
Loans receivable, Individually evaluated for impairment | 25 | 47 | |
Loans receivable, Collectively evaluated for impairment | $30,091 | $27,171 |
Loans_and_the_Allowance_for_Lo4
Loans and the Allowance for Loan Losses - Summary of Credit Quality Indicators, Disaggregated by Class of Loan (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | $579,580 | $558,386 |
Construction and Land [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 65,860 | 61,062 |
Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 17,593 | 16,097 |
1-4 Family Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 43,345 | 41,552 |
Multi-family Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 11,291 | 11,369 |
Nonfarm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 226,196 | 215,797 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 185,179 | 185,291 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 30,116 | 27,218 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 532,037 | 501,916 |
Pass [Member] | Construction and Land [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 61,589 | 56,740 |
Pass [Member] | Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 17,593 | 16,097 |
Pass [Member] | 1-4 Family Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 41,662 | 39,702 |
Pass [Member] | Multi-family Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 10,346 | 10,463 |
Pass [Member] | Nonfarm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 206,535 | 190,356 |
Pass [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 164,898 | 161,904 |
Pass [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 29,414 | 26,654 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 24,670 | 32,901 |
Special Mention [Member] | Construction and Land [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 2,052 | 2,069 |
Special Mention [Member] | 1-4 Family Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 849 | 912 |
Special Mention [Member] | Multi-family Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 945 | 906 |
Special Mention [Member] | Nonfarm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 11,021 | 16,410 |
Special Mention [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 9,126 | 12,087 |
Special Mention [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 677 | 517 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 20,324 | 20,541 |
Substandard [Member] | Construction and Land [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 631 | 642 |
Substandard [Member] | 1-4 Family Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 775 | 786 |
Substandard [Member] | Nonfarm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 7,739 | 7,812 |
Substandard [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 11,154 | 11,254 |
Substandard [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 25 | 47 |
Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 2,549 | 3,028 |
Doubtful [Member] | Construction and Land [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 1,588 | 1,611 |
Doubtful [Member] | 1-4 Family Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 59 | 152 |
Doubtful [Member] | Nonfarm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | 901 | 1,219 |
Doubtful [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Credit quality indicators | $1 | $46 |
Loans_and_the_Allowance_for_Lo5
Loans and the Allowance for Loan Losses - Summary of Aged Analysis of Past Due Loans Receivable (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | $41 | |
60-89 Days Past Due | 0 | 0 |
Greater Than 90 Days Past Due | 372 | 556 |
Total Past Due | 372 | 597 |
Current | 579,208 | 557,789 |
Total Loans Receivables | 579,580 | 558,386 |
Recorded Investment Over 90 Days Past Due and Still Accruing | 5 | |
Construction and Land [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
60-89 Days Past Due | 0 | 0 |
Greater Than 90 Days Past Due | 182 | 182 |
Total Past Due | 182 | 182 |
Current | 65,678 | 60,880 |
Total Loans Receivables | 65,860 | 61,062 |
Farmland [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
60-89 Days Past Due | 0 | 0 |
Current | 17,593 | 16,097 |
Total Loans Receivables | 17,593 | 16,097 |
1-4 Family Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
60-89 Days Past Due | 0 | 0 |
Greater Than 90 Days Past Due | 59 | 63 |
Total Past Due | 59 | 63 |
Current | 43,286 | 41,489 |
Total Loans Receivables | 43,345 | 41,552 |
Recorded Investment Over 90 Days Past Due and Still Accruing | 5 | |
Multi-family Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
60-89 Days Past Due | 0 | 0 |
Current | 11,291 | 11,369 |
Total Loans Receivables | 11,291 | 11,369 |
Nonfarm Nonresidential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
60-89 Days Past Due | 0 | 0 |
Greater Than 90 Days Past Due | 131 | 311 |
Total Past Due | 131 | 311 |
Current | 226,065 | 215,486 |
Total Loans Receivables | 226,196 | 215,797 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 41 | |
60-89 Days Past Due | 0 | 0 |
Total Past Due | 41 | |
Current | 185,179 | 185,250 |
Total Loans Receivables | 185,179 | 185,291 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
60-89 Days Past Due | 0 | 0 |
Current | 30,116 | 27,218 |
Total Loans Receivables | $30,116 | $27,218 |
Loans_and_the_Allowance_for_Lo6
Loans and the Allowance for Loan Losses - Summary of Information Pertaining to Impaired Loans (Detail) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 |
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment, with an allowance recoded | $1,406 | $1,469 |
Unpaid Principal Balance, with an allowance recorded | 1,406 | 1,469 |
Related Allowance | 505 | 546 |
Average Recorded Investment, with an allowance recorded | 1,427 | 1,431 |
Recorded Investment, with no allowance recoded | 9,850 | 10,399 |
Unpaid Principal Balance, with no allowance recorded | 10,825 | 11,348 |
Average Recorded Investment, with no allowance recorded | 9,966 | 12,022 |
Recorded Investment | 11,256 | 11,868 |
Unpaid Principal Balance | 12,231 | 12,817 |
Related Allowance | 505 | 546 |
Average Recorded Investment | 11,393 | 13,453 |
1-4 Family Residential [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Average Recorded Investment, with an allowance recorded | 83 | |
Recorded Investment, with no allowance recoded | 873 | 977 |
Unpaid Principal Balance, with no allowance recorded | 942 | 1,020 |
Average Recorded Investment, with no allowance recorded | 907 | 1,090 |
Recorded Investment | 873 | 977 |
Unpaid Principal Balance | 942 | 1,020 |
Average Recorded Investment | 907 | 1,173 |
Commercial Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment, with no allowance recoded | 4,013 | 4,358 |
Unpaid Principal Balance, with no allowance recorded | 4,919 | 5,264 |
Average Recorded Investment, with no allowance recorded | 4,069 | 5,069 |
Recorded Investment | 4,013 | 4,358 |
Unpaid Principal Balance | 4,919 | 5,264 |
Average Recorded Investment | 4,069 | 5,069 |
Construction and Land [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment, with an allowance recoded | 1,406 | 1,428 |
Unpaid Principal Balance, with an allowance recorded | 1,406 | 1,428 |
Related Allowance | 505 | 505 |
Average Recorded Investment, with an allowance recorded | 1,413 | 1,345 |
Recorded Investment, with no allowance recoded | 1,344 | 1,344 |
Unpaid Principal Balance, with no allowance recorded | 1,344 | 1,344 |
Average Recorded Investment, with no allowance recorded | 1,344 | 1,905 |
Recorded Investment | 2,750 | 2,772 |
Unpaid Principal Balance | 2,750 | 2,772 |
Related Allowance | 505 | 505 |
Average Recorded Investment | 2,757 | 3,250 |
Commercial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment, with an allowance recoded | 41 | |
Unpaid Principal Balance, with an allowance recorded | 41 | |
Related Allowance | 41 | |
Average Recorded Investment, with an allowance recorded | 14 | 3 |
Recorded Investment, with no allowance recoded | 3,595 | 3,673 |
Unpaid Principal Balance, with no allowance recorded | 3,595 | 3,673 |
Average Recorded Investment, with no allowance recorded | 3,610 | 3,753 |
Recorded Investment | 3,595 | 3,714 |
Unpaid Principal Balance | 3,595 | 3,714 |
Related Allowance | 41 | |
Average Recorded Investment | 3,624 | 3,756 |
Consumer [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment, with no allowance recoded | 25 | 47 |
Unpaid Principal Balance, with no allowance recorded | 25 | 47 |
Average Recorded Investment, with no allowance recorded | 36 | 205 |
Recorded Investment | 25 | 47 |
Unpaid Principal Balance | 25 | 47 |
Average Recorded Investment | $36 | $205 |
Loans_and_the_Allowance_for_Lo7
Loans and the Allowance for Loan Losses - Summary of Informative Data Regarding Loan Modifications (Detail) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 |
Contracts | Contracts | |
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 17 | 19 |
Pre-Modification Outstanding Recorded Investment | $14,154 | $14,333 |
Post-Modification Outstanding Recorded | 9,517 | 9,887 |
1-4 Family Residential [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 4 | 5 |
Pre-Modification Outstanding Recorded Investment | 1,388 | 1,519 |
Post-Modification Outstanding Recorded | 871 | 973 |
Commercial Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 5 | 5 |
Pre-Modification Outstanding Recorded Investment | 7,201 | 7,201 |
Post-Modification Outstanding Recorded | 3,883 | 4,047 |
Construction and Land [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 1 | 1 |
Pre-Modification Outstanding Recorded Investment | 1,586 | 1,586 |
Post-Modification Outstanding Recorded | 1,162 | 1,162 |
Commercial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 5 | 6 |
Pre-Modification Outstanding Recorded Investment | 3,840 | 3,888 |
Post-Modification Outstanding Recorded | 3,576 | 3,658 |
Consumer [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Contracts | 2 | 2 |
Pre-Modification Outstanding Recorded Investment | 139 | 139 |
Post-Modification Outstanding Recorded | $25 | $47 |
Fair_Value_of_Financial_Instru2
Fair Value of Financial Instruments - Additional Information (Detail) (USD $) | Mar. 31, 2015 |
Fair Value Disclosures [Abstract] | |
Liabilities measured at fair value on a recurring basis | $0 |
Liabilities measured at fair value on a nonrecurring basis | $0 |
Fair_Value_of_Financial_Instru3
Fair Value of Financial Instruments - Assets Measured at Fair Value on Recurring Basis (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | $89,428 | $74,503 |
U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 11,352 | 9,142 |
Corporate Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 8,624 | |
Mortgage - Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 34,760 | 34,026 |
Municipal Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 34,081 | 30,660 |
Other Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 611 | 675 |
Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 89,428 | 74,503 |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 89,428 | 74,503 |
Fair Value, Measurements, Recurring [Member] | U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 11,352 | 9,142 |
Fair Value, Measurements, Recurring [Member] | Corporate Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 8,624 | |
Fair Value, Measurements, Recurring [Member] | Mortgage - Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 34,760 | 34,026 |
Fair Value, Measurements, Recurring [Member] | Municipal Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 34,081 | 30,660 |
Fair Value, Measurements, Recurring [Member] | Other Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 611 | 675 |
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 89,428 | 74,503 |
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 11,352 | 9,142 |
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Corporate Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 8,624 | |
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Mortgage - Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 34,760 | 34,026 |
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Municipal Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | 34,081 | 30,660 |
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Other Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for Sale Securities | $611 | $675 |
Fair_Value_of_Financial_Instru4
Fair Value of Financial Instruments - Bank Records Repossessed Assets as Level 2 (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | $13,708 | $14,350 |
Impaired Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 10,751 | 11,322 |
Repossessed Assets [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 2,957 | 3,028 |
Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 13,708 | 14,350 |
Significant Other Observable Inputs (Level 2) [Member] | Impaired Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 10,751 | 11,322 |
Significant Other Observable Inputs (Level 2) [Member] | Repossessed Assets [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | $2,957 | $3,028 |
Fair_Value_of_Financial_Instru5
Fair Value of Financial Instruments - Schedule of Estimated Fair Values of Banks Financial Instruments (Detail) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Securities | $89,428 | $74,503 |
Borrowings | 25,000 | 15,000 |
Carrying Amount [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and Short-Term Investments | 39,962 | 26,832 |
Securities | 89,428 | 74,503 |
Loans - Net | 572,755 | 551,754 |
Cash Value of BOLI | 17,513 | 17,376 |
Total Assets | 719,658 | 670,465 |
Deposits | 625,646 | 587,252 |
Borrowings | 25,000 | 15,000 |
Total Liabilities | 650,646 | 602,252 |
Fair Value Measurement [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and Short-Term Investments | 39,962 | 26,832 |
Securities | 89,428 | 74,503 |
Loans - Net | 571,374 | 551,037 |
Cash Value of BOLI | 17,513 | 17,376 |
Total Assets | 718,277 | 669,748 |
Deposits | 614,682 | 581,239 |
Borrowings | 15,850 | 14,986 |
Total Liabilities | 630,532 | 596,225 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and Short-Term Investments | 39,962 | 26,832 |
Total Assets | 39,962 | 26,832 |
Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Securities | 89,428 | 74,503 |
Cash Value of BOLI | 17,513 | 17,376 |
Total Assets | 106,941 | 91,879 |
Borrowings | 15,850 | 14,986 |
Total Liabilities | 15,850 | 14,986 |
Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Loans - Net | 571,374 | 551,037 |
Total Assets | 571,374 | 551,037 |
Deposits | 614,682 | 581,239 |
Total Liabilities | $614,682 | $581,239 |
Other_Matters_Additional_Infor
Other Matters - Additional Information (Detail) (American Gateway Financial Corporation [Member]) | Mar. 31, 2015 |
Branches | |
American Gateway Financial Corporation [Member] | |
Business Acquisition [Line Items] | |
Number of branches | 11 |