Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Feb. 21, 2014 | Jun. 30, 2013 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'PALMETTO BANCSHARES INC | ' | ' |
Document Type | '10-K | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 12,792,509 | ' |
Entity Public Float | ' | ' | $56,917,809 |
Amendment Flag | 'false | ' | ' |
Entity Central Index Key | '0000706874 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Cash and cash equivalents | ' | ' |
Cash and due from banks | $38,178,000 | $101,385,000 |
Total cash and cash equivalents | 38,178,000 | 101,385,000 |
Federal Home Loan Bank stock, at cost | 2,950,000 | 1,811,000 |
Trading account assets, at fair value | 5,118,000 | 0 |
Investment securities available for sale, at fair value | 214,383,000 | 264,502,000 |
Mortgage loans held for sale | 1,722,000 | 6,114,000 |
Other loans held for sale | ' | 776,000 |
Loans, gross | 767,513,000 | 738,282,000 |
Less: allowance for loan losses | -16,485,000 | -17,825,000 |
Loans, net | 751,028,000 | 720,457,000 |
Premises and equipment, net | 23,367,000 | 24,796,000 |
Accrued interest receivable | 3,535,000 | 3,910,000 |
Foreclosed real estate | 7,502,000 | 10,911,000 |
Deferred tax asset, net | 22,087,000 | 710,000 |
Bank-owned life insurance | 11,617,000 | 1,571,000 |
Other assets | 8,742,000 | 9,223,000 |
Total assets | 1,090,229,000 | 1,145,456,000 |
Deposits | ' | ' |
Noninterest-bearing | 178,075,000 | 179,695,000 |
Interest-bearing | 729,285,000 | 843,547,000 |
Total deposits | 907,360,000 | 1,023,242,000 |
Retail repurchase agreements | 18,175,000 | 15,357,000 |
Federal Home Loan Bank advances | 35,000,000 | ' |
Accrued interest payable | 48,000 | 450,000 |
Other liabilities | 5,829,000 | 8,027,000 |
Total liabilities | 966,412,000 | 1,047,076,000 |
Common stock - par value $0.01 per share; authorized 75,000,000 shares; 12,784,605 and 12,754,045 issued and outstanding at December 31, 2013 and 2012, respectively | 127,000 | 127,000 |
Capital surplus | 144,624,000 | 143,342,000 |
Accumulated deficit | -10,641,000 | -38,372,000 |
Accumulated other comprehensive loss, net of tax | -10,293,000 | -6,717,000 |
Total shareholders' equity | 123,817,000 | 98,380,000 |
Total liabilities and shareholders' equity | $1,090,229,000 | $1,145,456,000 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Preferred stock - par value (in Dollars per share) | $0.01 | $0.01 |
Preferred stock - shares authorized | 2,500,000 | 2,500,000 |
Preferred stock - shares issued | 0 | 0 |
Preferred stock - shares outstanding | 0 | 0 |
Common stock - par value (in Dollars per share) | $0.01 | $0.01 |
Common stock - shares authorized | 75,000,000 | 75,000,000 |
Common stock - shares outstanding | 12,784,605 | 12,754,045 |
Common stock - shares issued | 12,784,605 | 12,754,045 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (Loss) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Interest income | ' | ' | ' |
Interest earned on cash and cash equivalents | $100 | $209 | $347 |
Dividends received on Federal Home Loan Bank stock | 39 | 47 | 48 |
Interest earned on trading account assets | 38 | ' | ' |
Interest earned on investment securities available for sale | 4,017 | 5,059 | 6,921 |
Interest and fees earned on loans | 38,344 | 40,075 | 44,502 |
Total interest income | 42,538 | 45,390 | 51,818 |
Interest expense | ' | ' | ' |
Interest expense on deposits | 2,257 | 5,136 | 9,334 |
Interest expense on retail repurchase agreements | 2 | 2 | 20 |
Interest expense on Federal Home Loan Bank advances | ' | ' | 72 |
Interest expense on other borrowings | 1 | ' | ' |
Total interest expense | 2,260 | 5,138 | 9,426 |
Net interest income | 40,278 | 40,252 | 42,392 |
Provision for loan losses | 3,465 | 13,075 | 20,500 |
Net interest income after provision for loan losses | 36,813 | 27,177 | 21,892 |
Noninterest income | ' | ' | ' |
Service charges on deposit accounts, net | 6,902 | 6,691 | 7,547 |
Fees for trust, investment management and brokerage services | 2,039 | 3,092 | 3,083 |
Mortgage-banking | 2,008 | 3,139 | 1,757 |
Debit card and automatic teller machine income, net | 2,400 | 2,171 | 1,915 |
Bankcard services | 261 | 247 | 238 |
Investment securities gains, net | 310 | 10,494 | 157 |
Trading account income | 170 | ' | ' |
Gain on sale of branches | ' | 568 | ' |
Other | 746 | 628 | 729 |
Total noninterest income | 14,836 | 27,030 | 15,426 |
Noninterest expense | ' | ' | ' |
Salaries and other personnel | 20,107 | 21,088 | 23,807 |
Occupancy | 4,242 | 4,455 | 4,503 |
Furniture and equipment | 3,731 | 3,378 | 3,807 |
Professional services | 2,083 | 1,715 | 1,960 |
Federal Deposit Insurance Corporation deposit insurance assessment | 1,439 | 1,861 | 3,012 |
Marketing | 1,051 | 1,384 | 1,803 |
Foreclosed real estate writedowns and expenses | 3,373 | 9,285 | 7,470 |
Loss (gain) on other loans held for sale | -326 | 3,660 | 8,119 |
Loan workout | 1,066 | 1,273 | 1,654 |
Other | 5,567 | 5,251 | 7,247 |
Total noninterest expense | 42,333 | 53,350 | 63,382 |
Income (loss) before provision (benefit) for income taxes | 9,316 | 857 | -26,064 |
Provision (benefit) for income taxes | -18,415 | 2,721 | -2,664 |
Net income (loss) | $27,731 | ($1,864) | ($23,400) |
Common and per share data | ' | ' | ' |
Net income (loss) - basic (in Dollars per share) | $2.17 | ($0.15) | ($1.86) |
Net income (loss) - diluted (in Dollars per share) | $2.17 | ($0.15) | ($1.86) |
Cash dividends (in Dollars per share) | $0 | $0 | $0 |
Book value (in Dollars per share) | $9.68 | $7.71 | $8.13 |
Average common shares issued and outstanding (in Shares) | 12,658,752 | 12,639,379 | 12,555,247 |
Average diluted common shares issued and outstanding (in Shares) | 12,658,752 | 12,639,379 | 12,555,247 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Net income (loss) | $27,731 | ($1,864) | ($23,400) |
Investment securities available for sale | ' | ' | ' |
Increase (decrease) in net unrealized gains | -7,532 | -18,854 | 8,568 |
Plus: reclassification adjustment of net gains included in net income (loss) | 310 | 10,494 | 157 |
Increase (decrease) in net unrealized gains on investment securities available for sale | -7,222 | -8,360 | 8,725 |
Defined benefit pension plan | ' | ' | ' |
Change in net actuarial loss | 1,392 | 1,292 | -1,852 |
Other comprehensive income (loss), pretax | -5,830 | -7,068 | 6,873 |
Change in net actuarial loss of defined benefit pension plan | 1,392 | 1,292 | -1,852 |
Other comprehensive income (loss), pretax | -5,830 | -7,068 | 6,873 |
Provision (benefit) for income taxes related to items of other comprehensive income (loss) | -2,254 | -2,721 | 2,664 |
Other comprehensive income (loss), net of tax | -3,576 | -4,347 | 4,209 |
Comprehensive income (loss) | $24,155 | ($6,211) | ($19,191) |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Shareholders’ Equity (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Total |
In Thousands, except Share data | |||||
Balance at Dec. 31, 2010 | $474 | $133,112 | ($13,108) | ($6,579) | $113,899 |
Balance (in Shares) at Dec. 31, 2010 | 47,409,078 | ' | ' | ' | ' |
Net Income (Loss) | ' | ' | -23,400 | ' | -23,400 |
Other comprehensive loss, net of tax | ' | ' | ' | 4,209 | 4,209 |
Compensation expense related to stock options granted under equity award plans | 1 | 822 | ' | ' | 823 |
Common stock issued related to restricted stock granted under equity award plans, net of forfeitures (in Shares) | 427,114 | ' | ' | ' | ' |
Common stock issued pursuant to Follow-On Offering | 31 | 7,920 | ' | ' | 7,951 |
Common stock issued pursuant to Follow-On Offering (in Shares) | 3,070,030 | ' | ' | ' | ' |
One-for-four reverse stock split, as of June 28, 2011 | -379 | 379 | ' | ' | ' |
One-for-four reverse stock split, as of June 28, 2011 (in Shares) | -38,179,834 | ' | ' | ' | ' |
Balance at Dec. 31, 2011 | 127 | 142,233 | -36,508 | -2,370 | 103,482 |
Balance (in Shares) at Dec. 31, 2011 | 12,726,388 | ' | ' | ' | ' |
Net Income (Loss) | ' | ' | -1,864 | ' | -1,864 |
Other comprehensive loss, net of tax | ' | ' | ' | -4,347 | -4,347 |
Compensation expense related to stock options granted under equity award plans | ' | 1,109 | ' | ' | 1,109 |
Common stock issued related to restricted stock granted under equity award plans, net of forfeitures (in Shares) | 27,637 | ' | ' | ' | ' |
Other changes (in Shares) | 20 | ' | ' | ' | ' |
Balance at Dec. 31, 2012 | 127 | 143,342 | -38,372 | -6,717 | 98,380 |
Balance (in Shares) at Dec. 31, 2012 | 12,754,045 | ' | ' | ' | ' |
Net Income (Loss) | ' | ' | 27,731 | ' | 27,731 |
Other comprehensive loss, net of tax | ' | ' | ' | -3,576 | -3,576 |
Exercise of stock options | ' | 124 | ' | ' | 124 |
Exercise of stock options (in Shares) | 11,250 | ' | ' | ' | ' |
Compensation expense related to stock options granted under equity award plans | ' | 1,158 | ' | ' | 1,158 |
Common stock issued related to restricted stock granted under equity award plans, net of forfeitures (in Shares) | 19,309 | ' | ' | ' | ' |
Other changes (in Shares) | 1 | ' | ' | ' | ' |
Balance at Dec. 31, 2013 | $127 | $144,624 | ($10,641) | ($10,293) | $123,817 |
Balance (in Shares) at Dec. 31, 2013 | 12,784,605 | ' | ' | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Net income (loss) | $27,731 | ($1,864) | ($23,400) |
Adjustments to reconcile net income (loss) to net cash provided by operating activities | ' | ' | ' |
Depreciation | 2,581 | 2,529 | 2,452 |
Amortization of unearned discounts / premiums on investment securities available for sale, net | 4,992 | 6,031 | 4,959 |
Deferred income tax expense (benefit) | -19,834 | 2,721 | -2,663 |
(Increase) decrease in income tax refunds receivable | ' | -510 | 7,436 |
Provision for loan losses | 3,465 | 13,075 | 20,500 |
Trading account gains, net | -170 | ' | ' |
Purchases of trading account assets, net | -4,948 | ' | ' |
Gain on sale of branches | ' | -568 | ' |
Gain on sales of mortgage loans held for sale, net | -1,803 | -2,585 | -871 |
Gain on sales of Small Business Administration loans | -207 | -162 | ' |
Loss (gain) on other loans held for sale | -326 | 3,660 | 8,119 |
Writedowns, gains and losses on sales of foreclosed real estate, net | 2,977 | 8,617 | 6,086 |
Loss on prepayment of Federal Home Loan Bank advances | ' | ' | 412 |
Investment securities gains, net | -310 | -10,494 | -157 |
Originations of mortgage loans held for sale | -67,811 | -97,400 | -49,581 |
Proceeds from sales of mortgage loans held for sale | 74,006 | 97,519 | 51,597 |
Proceeds from sales of Small Business Administration loans | 2,222 | 1,830 | ' |
Proceeds from sales of other loans held for sale | 1,102 | 13,922 | 7,952 |
Compensation expense on equity-based awards | 1,158 | 1,109 | 823 |
(Increase) decrease in interest receivable and other assets, net | 811 | 1,572 | -1,053 |
Decrease in interest payable and other liabilities, net | -1,208 | -1,906 | -2,488 |
Net cash provided by operating activities | 24,428 | 37,096 | 30,123 |
Investing Activities | ' | ' | ' |
Proceeds from sales of investment securities available for sale | 48,660 | 181,014 | 4,267 |
Proceeds from maturities and repayments of investment securities available for sale | 52,696 | 72,495 | 90,794 |
Purchases of investment securities available for sale | -63,141 | -260,916 | -133,354 |
Purchases of Federal Home Loan Bank stock | -1,570 | ' | ' |
Proceeds from redemption of Federal Home Loan Bank stock | 431 | 1,691 | 3,283 |
Repayments on other loans held for sale | ' | 70 | 13,294 |
Increase in gross loans, net | -38,592 | -4,385 | -6,519 |
Purchase of bank-owned life insurance | -10,000 | ' | ' |
Proceeds on sale of foreclosed real estate | 2,973 | 13,524 | 13,397 |
Purchases of premises and equipment, net | -1,152 | -1,521 | -1,846 |
Payment for sale of branches, net | ' | -32,272 | ' |
Net cash used for investing activities | -9,695 | -30,300 | -16,684 |
Financing Activities | ' | ' | ' |
Increase in transaction, money market and savings deposits, net | 26,327 | 36,980 | 38,809 |
Decrease in time deposits, net | -142,209 | -36,842 | -147,990 |
Increase (decrease) in retail repurchase agreements, net | 2,818 | -8,501 | 3,138 |
Proceeds from Federal Home Loan Bank advances | 35,000 | ' | ' |
Repayment of Federal Home Loan Bank advances | ' | ' | -35,412 |
Proceeds from issuance of common stock, net | ' | ' | 7,951 |
Proceeds from exercise of stock options | 124 | ' | ' |
Net cash used for financing activities | -77,940 | -8,363 | -133,504 |
Net change in cash and due from banks | -63,207 | -1,567 | -120,065 |
Cash and due from banks, beginning of period | 101,385 | 102,952 | 223,017 |
Cash and due from banks, end of period | 38,178 | 101,385 | 102,952 |
Cash paid (received) during the period for: | ' | ' | ' |
Interest expense | 2,662 | 5,242 | 10,059 |
Income taxes paid (refunds received), net | ' | 510 | -7,436 |
Significant noncash activities | ' | ' | ' |
Increase (decrease) in net unrealized gains on investment securities available for sale, net of tax | -4,481 | -5,187 | 5,414 |
Decrease (increase) in defined benefit pension plan net actuarial loss, net of tax | 905 | 840 | -1,205 |
Loans transferred from gross loans to other loans held for sale | 2,015 | 21,383 | 1,224 |
Loans transferred from gross loans to foreclosed real estate, at fair value | 2,541 | 3,575 | 18,077 |
Loans transferred from other loans held for sale to gross loans, at fair value | ' | 6,143 | 14,752 |
Loans transferred from other loans held for sale to foreclosed real estate, at fair value | ' | $1,814 | $9,086 |
Note_1_Summary_of_Significant_
Note 1 - Summary of Significant Accounting Policies | 12 Months Ended | ||
Dec. 31, 2013 | |||
Accounting Policies [Abstract] | ' | ||
Significant Accounting Policies [Text Block] | ' | ||
1. Summary of Significant Accounting Policies | |||
Nature of Operations | |||
Palmetto Bancshares, Inc. is a South Carolina bank holding company organized in 1982 and headquartered in Greenville, South Carolina. The Company serves as the bank holding company for The Palmetto Bank (the “Bank”), which began operations in 1906. Through its Retail, Commercial and Wealth Management businesses, the Bank specializes in providing financial solutions to consumers and businesses with deposit and cash management products, loans (including consumer, Small Business Administration (“SBA”), commercial, corporate, mortgage, credit card and automobile), lines of credit, trust, brokerage, private banking, financial planning and insurance throughout our primary market area of the nine counties located in northwest South Carolina which includes the counties of Abbeville, Anderson, Cherokee, Greenville, Greenwood, Laurens, Oconee, Pickens, and Spartanburg (commonly referred to as the “Upstate”). | |||
Principles of Consolidation / Basis of Presentation | |||
The accompanying Consolidated Financial Statements include the accounts of Palmetto Bancshares, Inc., the Bank and subsidiaries of the Bank (also collectively referred to as the “Company,” “we,” “us” or “our”). In management’s opinion, all significant intercompany accounts and transactions have been eliminated in consolidation, and all adjustments necessary for a fair presentation of the financial condition and results of operations for the periods presented have been included. Any such adjustments are of a normal and recurring nature. Assets held by the Company in a fiduciary or agency capacity for clients are not included in the Company’s Consolidated Financial Statements because those items do not represent assets of the Company. The accounting and financial reporting policies of the Company conform, in all material respects, to accounting principles generally accepted in the United States of America (“GAAP”) and to general practices within the financial services industry. | |||
Subsequent Events | |||
Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet including the estimates inherent in the process of preparing financial statements. Unrecognized subsequent events are events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date. The Company has reviewed events occurring through the issuance date of the Consolidated Financial Statements and no subsequent events have occurred requiring accrual or disclosure in these financial statements other than those included in this Annual Report on Form 10-K. | |||
Business Segments | |||
Operating segments are components of an enterprise about which separate financial information is available and evaluated regularly by the Company’s chief operating decision makers in deciding how to allocate resources and assess performance. Public enterprises are required to report a measure of segment profit or loss, certain specific revenue and expense items for each segment, segment assets and information about the way that the operating segments were determined, among other items. | |||
The Company considers business segments by analyzing distinguishable components that are engaged in providing individual products, services or groups of related products or services and that are subject to risks and returns that are different from those of other business segments. When determining whether products and services are related, the Company considers the nature of the products or services, the nature of the production processes, the type or class of client for which the products or services are designed and the methods used to distribute the products or provide the services. | |||
For the past several years, we have been realigning our organizational structure and more specifically delineating our businesess for improved accountability and go-to-market strategies. The Company has limited financial information for these businesses, and we do not yet have financial information that meets the criteria to be considered reportable segments. Accordingly, at December 31, 2013, the Company had one reportable segment, banking. | |||
Use of Estimates | |||
In preparing the Consolidated Financial Statements, the Company’s management makes estimates and assumptions that impact the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates and for the periods indicated in the Consolidated Financial Statements. Actual results could differ from these estimates and assumptions. Therefore, the results of operations for the year ended December 31, 2013 are not necessarily indicative of the results of operations that may be expected in future periods. | |||
Reclassifications | |||
Certain amounts previously presented in our Consolidated Financial Statements for prior periods have been reclassified to conform to current classifications. All such reclassifications had no impact on the prior periods’ net loss, comprehensive loss or shareholders’ equity as previously reported. | |||
Reverse Stock Split | |||
On June 28, 2011, the Company completed a one-for-four reverse stock split of its common stock. In connection with the reverse stock split, every four shares of issued and outstanding common stock of the Company at June 28, 2011 were exchanged for one share of newly issued common stock of the Company. Fractional shares were rounded up to the next whole share. Other than the number of issued and outstanding shares of common stock disclosed in the Consolidated Statements of Changes in Shareholders’ Equity, all prior period share amounts reported herein have been retroactively restated to reflect the reverse stock split. | |||
Risk and Uncertainties | |||
In the normal course of business, the Company encounters two significant types of overall risk: economic and regulatory. There are three main components of economic risk: credit risk, market risk and concentration of credit risk. Credit risk is the risk of default on the Company's loan portfolio resulting from borrowers' inability or unwillingness to make contractually required interest and principal payments, default on repayment of investment securities and trading account assets, and the risk of other counterparties such as insurance providers failing to make contractually required payments to the Company. Market risk primarily includes interest-rate risk. The Company is exposed to interest-rate risk to the degree that its interest-bearing liabilities mature or reprice at different speeds, or different bases, than its interest-earning assets. Market risk also reflects the risk of declines in the valuation of investment securities, trading account assets, loans held for sale, the value of the collateral underlying loans and the value of real estate held by the Company. Concentration of credit risk refers to the risk that, if the Company extends a significant portion of its total outstanding credit to borrowers in a specific geographical area or industry or on the security of a specific form of collateral, the Company may experience disproportionately high levels of defaults and losses if those borrowers, or the value of such type of collateral, are adversely impacted by economic or other factors that are particularly applicable to such borrowers or collateral. Concentration of credit risk is also similarly applicable to the investment securities portfolio, trading account assets and bank-owned life insurance (“BOLI”) policies. | |||
The Company and the Bank are subject to the regulations of various government agencies. These regulations can and do change significantly from period to period. In addition, the Company and the Bank undergo periodic examinations by bank regulatory agencies which may subject us to changes with respect to asset and liability valuations, amount of required allowance for loan losses, capital levels or operating restrictions. | |||
Cash and Cash Equivalents | |||
Cash and cash equivalents may include cash, interest-bearing bank balances and federal funds sold. Generally, both cash and cash equivalents have maturities of three months or less, and accordingly, the carrying amount of these instruments is deemed to be a reasonable estimate of fair value. | |||
Federal Home Loan Bank Stock | |||
The Bank is a member of the Federal Home Loan Bank of Atlanta (the “FHLB”), which is one of 12 regional FHLBs that administer home financing credit for depository institutions. Each FHLB serves as a reserve or central bank for its members within its assigned region. It is funded primarily from proceeds derived from the sale of consolidated obligations of the FHLB System. It makes loans or advances to members in accordance with policies and procedures established by the Board of Directors of the FHLB, which are subject to the oversight of the Federal Housing Financing Board. All advances from the FHLB are required to be fully secured by collateral as determined by the FHLB. | |||
As an FHLB member, the Company is required to purchase and maintain stock in the FHLB. No ready market exists for this stock, and it has no quoted market value. The stock is recorded at historical cost and redemptions are conducted at book value. Purchases and redemptions are normally transacted each quarter to adjust the Company’s investment to an amount based on the FHLB requirements, and requests for redemptions are met at the discretion of the FHLB. The Company has experienced no interruption in such redemptions. Dividends are paid on this stock at the discretion of the FHLB. | |||
Trading Account Assets | |||
The Company invests in an account that is managed by a third party and invests in securities that are actively traded. Trading account assets are reported at estimated fair value as Trading account assets on the Consolidated Balance Sheet. Interest income on trading account assets is reported as interest income in the Consolidated Statement of Income (Loss). Unrealized gains and losses and realized gains and losses on the sales of trading account assets are included in Other noninterest income in the Consolidated Statement of Income (Loss). Account management fees and related expenses are included in Professional services expense. | |||
Investment Securities Available for Sale | |||
The Company’s investment securities are classified into three categories: held-to-maturity, trading and available for sale. Held-to-maturity investment securities include debt securities that the Company has the intent and ability to hold until maturity and are reported at amortized cost. Available for sale investment securities include debt and equity investment securities that the Company determines may be sold at a future date or that it does not have the intent or ability to hold to maturity. Available for sale investment securities are reported at fair value with unrealized gains and losses excluded from income and reported as a separate component of shareholders' equity, net of deferred income taxes. Any other-than-temporary impairment related to credit losses would be recognized through earnings while any other-than-temporary impairment related to other factors would be recognized in other comprehensive income (loss). Realized gains or losses on available for sale investment securities are computed on a specific identification basis. | |||
An other-than-temporary impairment analysis is conducted on a quarterly basis or more often if a potential loss-triggering event occurs. Investment securities are considered to be impaired on an other-than-temporary basis if it is probable that the issuer will be unable to make its contractual payments or if the Company no longer believes the security will recover within the estimated recovery period. Other-than-temporary impairment is recognized by evaluating separately other-than-temporary impairment losses due to credit issues and losses related to all other factors. Other-than-temporary impairment exists when it is more likely than not that the security will mature or be sold before its amortized cost basis can be recovered. For debt securities, the Company also considers the cause of the price decline such as the general level of interest rates and industry and issuer-specific factors, the issuer’s financial condition, near-term prospects and current ability to make future payments in a timely manner, the issuer’s ability to service debt, any change in agency ratings at evaluation date from acquisition date and any likely imminent action, and for asset-backed securities, the credit performance of the underlying collateral including delinquency rates, cumulative losses to date and the remaining credit enhancement compared to expected credit losses. Additionally, in determining if there is evidence of credit deterioration, the Company evaluates the severity of decline in market value below cost, the period of time for which the decline in fair value has existed and the financial condition and near-term prospects of the issuer including any specific events which may influence the operations of the issuer. | |||
Unamortized premiums and discounts are recognized in interest income over the contractual life of the security using the effective interest method. As principal repayments are received on securities a pro-rata portion of the unamortized premium or discount is recognized in interest income. Accretion of unamortized discounts is discontinued for investment securities that fall below investment grade. | |||
Mortgage and Other Loans Held for Sale | |||
Mortgage and other loans originated with the intent to sell, or for which a decision to sell is made subsequent to origination, are reported at the lower of cost or estimated fair value. Net unrealized losses, if necessary, are provided for through a valuation allowance charged to income. Gain or loss on sale of mortgage and other loans held for sale are recognized at the time of sale and are based on proceeds received, the value of any servicing rights recognized, the carrying amount of the loans at the time of sale and any interests the Company continues to hold based on relative fair value at the date of transfer. | |||
Loans | |||
Loans are reported at their outstanding principal balances net of any unearned income, charge-offs and unamortized deferred fees and direct loan origination costs. Unearned income, deferred fees and costs, and discounts and premiums are amortized to interest income over the contractual life of the loan. | |||
Past due and delinquent status is based on contractual terms. Interest income on loans deemed past due continues to accrue until the loan is placed in nonaccrual status. | |||
The accrual of interest income is discontinued when it is determined there is a more than normal risk of future uncollectibility. In most cases, loans are automatically placed in nonaccrual status when the loan payment becomes 90 days delinquent and no acceptable arrangement has been made between the Company and the client. The accrual of interest on some loans, however, may continue even after the loan becomes 90 days delinquent in special circumstances deemed appropriate by the Company. Loans may be manually placed in nonaccrual status if it is determined that some factor other than delinquency (such as imminent foreclosure or bankruptcy proceedings) causes the Company to believe that more than a normal amount of risk exists with regard to collectability. When a loan is placed in nonaccrual status, accrued interest income receivable is reversed. Thereafter, any cash payments received on a nonaccrual loan are applied as a principal reduction until the entire amortized cost of the loan has been recovered. Any additional amounts received are reflected in interest income. Loans are returned to accrual status when the loan is brought current and ultimate collectability of principal and interest is no longer in doubt. | |||
In situations where, for economic or legal reasons related to a client’s financial difficulties, a concession is granted to the client that the Company would not otherwise consider, the related loan is classified as a troubled debt restructuring. The restructuring of a loan may include the transfer from the client to the Company of real estate, receivables from third parties, other assets or an equity interest in the client in full or partial satisfaction of the loan, a modification of the loan terms or a combination of the above. The accrual of interest continues on a troubled debt restructuring as long as the loan is performing in accordance with the restructured terms. If the restructured loan is not performing in accordance with the restructured terms, the loan will be placed on nonaccrual status and will retain its status as a troubled debt restructuring. Loans classified as troubled debt restructurings may be removed from this status for disclosure purposes after a specified period of time if the restructured agreement specifies an interest rate equal to or greater than the rate that the lender was willing to accept at the time of the restructuring for a new loan with comparable risk, and the loan is performing in accordance with the terms specified by the restructured agreement. | |||
Nonrefundable fees and certain direct costs associated with the origination of loans are deferred and recognized as a yield adjustment over the contractual life of the related loan, or if the related loan is held for sale, until the loan is sold. Recognition of deferred fees and costs is discontinued on nonaccrual loans until they return to accrual status or are charged-off. Deferral of direct loan origination costs are reported as a reduction of Salaries and other personnel expense. | |||
Allowance for Loan Losses | |||
The allowance for loan losses represents an amount that the Company believes will be adequate to absorb probable losses inherent in the loan portfolio as of the balance sheet date. Assessing the adequacy of the allowance for loan losses is a process that requires considerable judgment. Judgment in determining the adequacy of the allowance is based on evaluations of the collectability of loans including consideration of factors such as the balance of impaired loans, the quality, mix, and size of the overall loan portfolio, economic conditions that may impact the overall loan portfolio or an individual borrower’s ability to repay, the amount and quality of collateral securing the loans, the Company’s historical loan loss experience and borrower and collateral specific considerations for loans individually evaluated for impairment. | |||
The allowance for loan losses is a reserve established through a provision for loan losses charged to expense. The allowance for loan losses represents the Company’s best estimate of probable inherent losses that have been incurred within the existing loan portfolio and is necessary to reserve for estimated probable loan losses inherent in the loan portfolio. The Company’s allowance for loan losses methodology is based on historical loss experience by loan type, specific homogeneous risk pools and specific loss allocations. The process for determining the appropriate level of the allowance for loan losses is designed to account for asset deterioration as it occurs. The provision for loan losses reflects loan quality trends including the levels of and trends related to nonaccrual loans, potential problem loans, criticized loans and loans charged-off or recovered, among other factors. | |||
The level of the allowance for loan losses reflects the Company’s continuing evaluation of specific lending risks, loan loss experience, current loan portfolio quality, present economic, political, and regulatory conditions and unidentified losses inherent in the current loan portfolio. Portions of the allowance for loan losses may be allocated for specific loans. However, the entire allowance for loan losses is available for any loan that, in the Company’s judgment, should be charged-off. The determination of the appropriate level of the allowance for loan losses inherently involves a high degree of subjectivity and requires significant estimates of current credit risks and future trends, all of which may undergo material changes. While the Company utilizes its best judgment and information available, the ultimate adequacy of the allowance for loan losses is dependent upon a variety of factors beyond the Company’s control including the performance of the loan portfolio, the economy, changes in interest rates and the view of the regulatory authorities toward loan classifications and collateral valuation. | |||
Allowances for loan losses on specific loans are recorded when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan. Specific allowances for loans considered individually significant and that exhibit probable or observed weaknesses are determined by analyzing, among other things, the borrower’s ability to repay amounts owed, guarantor support, collateral deficiencies, the relative risk rating of the loan and economic conditions impacting the client’s industry. The population of loans evaluated for potential impairment includes all loans that are currently or have previously been classified as troubled debt restructurings, all loans with Bank-funded interest reserves and significant individual loans in nonaccrual status. | |||
The starting point for the general component of the allowance is the historical loss experience of specific types of loans. Historical loss ratios are calculated for pools of similar loans with similar characteristics based on the proportion of actual loan net charge-offs to the total population of loans in the pool. A five-year look-back period is used to compute historical loss rates. However, given the increase in loan charge-offs beginning in 2009, since then a three-year look-back period has also been used for computing historical loss rates as an additional reference point in determining the allowance for loan losses. | |||
These historical loss percentages are increased or decreased for qualitative environmental factors derived from macroeconomic indicators and other factors. Qualitative factors considered in the determination of the allowance for loan losses include pervasive factors that generally impact clients across the loan portfolio (such as unemployment and the consumer price index) and factors that have specific implications to particular loan portfolios (such as residential home sales or commercial development). Factors evaluated may include, without limitation, changes in delinquent, nonaccrual and troubled debt restructured loan trends, trends in risk ratings and net loans charged-off, concentrations of credit, competition, legal and regulatory requirements, trends in the nature and volume of the loan portfolio, national and local economic and business conditions, collateral valuations, the experience and depth of lending management, lending policies and procedures, underwriting standards and practices, the quality of loan review systems and the degree of oversight by the Board of Directors, peer comparisons and other external factors. The general reserve portion of the allowance for loan losses determined using the historical loss rates and qualitative factors is then combined with the specific allowance on loans individually evaluated for impairment to determine the total allowance for loan losses. | |||
Loans identified as losses by management, internal loan review and/or bank examiners are charged-off. Each impaired loan is individually reviewed to determine whether the impairment should be recorded as a charge-off or a reserve based on an assessment of the status of the borrower and the underlying collateral. In general, for collateral-dependent loans, the impairment is recorded as a charge-off unless the fair value of the collateral was based on an internal valuation pending receipt of a third-party appraisal or other extenuating circumstances. Consumer loan accounts are generally charged-off based on predefined past due time periods. | |||
Loans that are determined to be troubled debt restructurings are considered impaired loans and are evaluated individually for potential impairment. Loans determined to be troubled debt restructuring that are performing in accordance with their restructured terms are evaluated for impairment based on discounted cash flows using the loan’s original contractual interest rate. Troubled debt restructuring loans that are no longer performing in accordance with their restructured terms, and for which ultimate collection is based on liquidation of the collateral, are evaluated for impairment based on the collateral value less estimated costs to sell. Each troubled debt restructuring is reviewed individually to determine whether the impairment should be recorded as a charge-off or a reserve based on an assessment of the status of the borrower and the underlying collateral. | |||
Reserve for Unfunded Commitments | |||
The Company estimates probable losses related to unfunded lending commitments. The same credit policies are used in making and monitoring lending commitments as are used for loan underwriting. Therefore, in general, the methodology to determine the reserve for unfunded commitments is inherently similar to that used to determine the general reserve component of the allowance for loan losses. However, commitments have fixed expiration dates, and most commitments to extend credit have adverse change clauses that allow the Company to cancel the commitments based on various factors including deterioration in the creditworthiness of the borrower. Accordingly, many of the loan commitments are expected to expire without being drawn upon and, therefore, the total commitment amounts do not necessarily represent potential credit exposure. The reserve for unfunded lending commitments is included in Other liabilities in the Consolidated Balance Sheets. Changes to the reserve for unfunded commitments are recorded through Other noninterest expense in the Consolidated Statements of Income (Loss). | |||
Premises and Equipment, net | |||
Land is reported at cost. Buildings and improvements, furniture and equipment and software are reported at cost less accumulated depreciation computed principally by the straight-line method based on the estimated useful lives of the related asset. Estimated lives range from 12 to 39 years for buildings and improvements and from five to 12 years for furniture and equipment. Estimated lives range from three to five years for computer software. Estimated lives of automobiles are typically five years. Leasehold improvements are generally depreciated over the lesser of the lease term or the estimated useful lives of the improvements. | |||
Maintenance and repairs of such premises and equipment are expensed as incurred. Improvements that extend the useful lives of the respective assets are capitalized. | |||
Foreclosed Real Estate | |||
Foreclosed real estate is initially recorded at fair value less estimated selling costs thereby establishing a new cost basis. Fair value of foreclosed real estate is subsequently reviewed regularly and writedowns are recorded when it is determined that the carrying value of the real estate exceeds the fair value less estimated selling costs. Subsequent increases in the fair value of foreclosed real estate are recognized through a reduction of the specific valuation allowance to the extent of previous writedowns. Writedowns resulting from the periodic re-evaluation of, costs related to holding, and gains and losses on the sale of foreclosed properties are charged against income. Costs to develop and improve foreclosed properties are capitalized. | |||
Servicing Rights | |||
The Company recognizes residential mortgage-servicing rights assets and SBA loan servicing rights assets (collectively referred to as “servicing rights”) upon the sale of SBA and residential mortgage loans for which the Company retains the underlying servicing obligation. Servicing rights assets are initially measured at fair value and amortized to expense over the estimated life of the servicing obligation. | |||
The fair value of servicing rights is determined at the date of sale of the underlying loan using the present value of estimated future net servicing income using assumptions that market participants use in their valuation estimates. The Company presents its servicing rights assets at the lower of cost or fair value in Other assets in the Consolidated Balance Sheets. | |||
For servicing rights, we utilize the expertise of third-party consultants on a quarterly basis to determine, among other things, capitalization, impairment and amortization rates. Estimates of the amount and timing of prepayment rates, loan loss experience, costs to service loans and discount rates are evaluated by the third-party consultants, reviewed and approved by us and used to estimate the fair value of our servicing rights portfolio. Amortization of the servicing rights portfolio is based on the ratio of net servicing income received in the current period to total net servicing income projected to be realized from the servicing rights portfolio. Projected net servicing income is determined based on the estimated future balance of the underlying loan portfolio, which declines over time from prepayments and scheduled loan amortization. Expected prepayment rates are estimated based on current interest-rate levels, other economic conditions, market forecasts and relevant characteristics of the servicing rights portfolio such as loan types, interest-rate stratification and recent prepayment experience. | |||
Impairment valuations are based on projections using a discounted cash flow method that includes assumptions regarding prepayments, interest rates, servicing costs and other factors. Impairment is measured on a disaggregated basis for each stratum of the servicing rights, which is segregated based on predominate risk characteristics including interest rate and loan type. Subsequent increases in value are recognized to the extent of previously recorded impairment for each stratum. | |||
Bank-Owned Life Insurance | |||
The Company has purchased life insurance policies on certain key employees (which we refer to as “teammate”). All premiums were paid by the Company and the Company is the sole beneficiary. These policies are recorded in the Consolidated Balance Sheets at their cash surrender value as provided by the insurance carriers. Income from these policies is recorded in other noninterest income. | |||
Impairment of Long-Lived Assets | |||
The Company periodically reviews the carrying value of its long-lived assets for impairment when events or circumstances indicate that the carrying amount of such assets may not be fully recoverable. For long-lived assets to be held and used, impairment is recognized when the carrying amount of a long-lived asset is not recoverable and exceeds its fair value. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. An impairment loss is the amount by which the carrying amount of a long-lived asset exceeds its fair value. | |||
Long-lived assets to be sold are classified as held for sale and are no longer depreciated. Long-lived assets classified as held for sale are recorded at the lower of carrying amount or fair value less estimated costs to sell and are included in Other assets in the Consolidated Balance Sheets. | |||
Accumulated Other Comprehensive Income (Loss) | |||
The Company reports changes in other comprehensive income (loss) in the Consolidated Statements of Comprehensive Income (Loss). Comprehensive income (loss) includes all changes in shareholders’ equity during a period except those resulting from transactions with shareholders. | |||
Changes in the market value of investment securities available for sale are recorded through accumulated other comprehensive income (loss). Additionally, accumulated other comprehensive income (loss) adjustments related to the defined benefit pension plan (the “Pension Plan”) are recorded on an annual basis. These adjustments relate to the actuarial gains and losses and the amortization of prior service costs and credits and any remaining transition amounts that had not yet been recognized through net periodic benefit cost. | |||
Income Taxes | |||
The Company files consolidated federal and state income tax returns. Federal income tax expense or benefit is allocated to the Bank on a separate return basis. The Company accounts for income taxes based on two components of income tax expense: current and deferred. Current income tax expense approximates taxes to be paid or refunded for the current period and includes income tax expense related to uncertain tax positions, if any. Interest and penalties, if any, are recognized as a component of income tax expense. | |||
Deferred income taxes are determined using the balance sheet method. Under this method, the net deferred tax asset or liability is based on the tax impacts of the differences between the book and tax bases of assets and liabilities and recognizes enacted changes in tax rates and laws in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized subject to the Company’s judgment that realization is more likely than not. A tax position that meets the more likely than not recognition threshold is measured to determine the amount of benefit to recognize. The tax position is measured at the largest amount of benefit that is greater than 50% likely of being realized upon settlement. | |||
The Company reviews deferred tax assets for recoverability based on carryback ability, history of earnings, expectations for future earnings and the expected timing of reversals of temporary differences. Realization of a deferred tax asset ultimately depends on the existence of sufficient taxable income available under tax law including future reversals of existing temporary differences, future taxable income exclusive of reversing differences, taxable income in prior carryback years, projections of future operating results, cumulative tax losses over the past three years, tax loss deductibility limitations and available tax planning strategies. If, based on available information, it is more likely than not that the deferred income tax asset will not be realized, a valuation allowance against the deferred tax asset must be established with a corresponding charge to income tax expense. | |||
Net Income (Loss) per Common Share | |||
Basic net income (loss) per common share is computed by dividing net income (loss) available to common shareholders by the weighted-average number of common shares outstanding during the period. Net income (loss) available to common shareholders represents income (loss) applicable to common shareholders which is net income (loss) less income allocated to participating securities. For diluted net income (loss) per common share, the denominator is increased to include the number of additional common shares that would have been outstanding if dilutive potential common shares had been issued. If dilutive, common stock equivalents are calculated for stock options and restricted stock using the treasury stock method. Potential common shares are not included in the denominator of the diluted net income (loss) per common share computation when inclusion would be anti-dilutive. | |||
Participating securities are unvested share-based payment awards that contain nonforfeitable rights to dividends and are included in computing net income per common share using the two-class method. The two-class method is an earnings allocation formula under which net income per share is calculated for participating securities according to dividends declared and undistributed earnings. Under this method, all earnings, distributed and undistributed, are allocated to participating securities and common shares based on their respective rights to receive dividends. For purposes of applying the two-class method, the Company’s unvested restricted stock awards are considered participating securities since those shares have a nonforfeitable right to any cash dividends declared and paid to common shareholders. For additional disclosure regarding the Company’s restricted stock awards, see Note 17, Equity-Based Compensation. | |||
Pension Plan | |||
The funded status of our Pension Plan is the difference between the plan assets and the projected benefit obligation at the balance sheet date. The underfunded status of our Pension Plan is recognized on the Consolidated Balance Sheets in Other liabilities. | |||
Equity-Based Compensation | |||
Compensation expense for restricted stock and stock option awards is measured at fair value and recognized as compensation expense in the Consolidated Statements of Income (Loss) over the service period for grants that have time / service-based vesting provisions. The fair value of restricted stock is determined based on the fair value of the common stock at the time of the grant. The fair value of stock options is estimated using an option-pricing model that takes into account fair value of the Company’s common stock, volatility measures, level of interest rates, term of the option and estimated prevesting forfeiture rates. | |||
Forfeitures are accounted for by eliminating compensation expense for unvested shares as forfeitures occur. Stock option and restricted stock awards are subject to pro-rata restrictions as to continuous employment for a specified time period following the date of grant. In addition, certain stock option and restricted stock awards are also subject to specified performance objectives. During these restriction periods, the holder of restricted stock awards is entitled to full voting rights and any dividends declared. | |||
Derivative Financial Instruments and Hedging Activities | |||
All derivatives are recognized as either assets or liabilities in the Consolidated Balance Sheets and measured at fair value. Changes in the fair value of derivatives are reported in current earnings or other comprehensive income depending on the purpose for which the derivative is held and whether the Company elects and the derivative qualifies for hedge accounting. The Company did not apply hedge accounting to any of its derivative instruments for the years ended December 31, 2013, 2012 or 2011. As a result, all of the changes in fair value of derivatives are reported in current earnings. | |||
The Company’s only derivative instruments are related to its mortgage-banking activities. The Company originates certain residential mortgage loans with the intention of selling these loans. Between the time the Company enters into an interest-rate lock commitment to originate a residential mortgage loan and the time the loan is closed and sold, the Company is subject to variability in market prices related to these commitments. The Company also enters into forward sale agreements of “to-be-issued” loans. The commitments to originate residential mortgage loans and forward sales commitments are freestanding derivative instruments. Fair value adjustments on these derivative instruments are recorded within Mortgage-banking income in the Consolidated Statements of Income (Loss). | |||
Fair Value Measurements | |||
The Company provides disclosures about the fair value of assets and liabilities recognized in the Consolidated Balance Sheets in periods subsequent to initial recognition including whether the measurements are made on a recurring basis (for example, trading account assets and investment securities available for sale) or on a nonrecurring basis (for example, mortgage and other loans held for sale). | |||
Fair value is defined as the price that would be received to sell the asset or paid to transfer the liability in an orderly transaction between market participants at the measurement date. Accounting standards establish a three-level hierarchy for disclosure of assets and liabilities recorded at fair value. The classification of assets and liabilities within the hierarchy is based on whether the inputs to the valuation methodology used for measurement are observable or unobservable. Observable inputs reflect market-derived or market-based information obtained from independent sources while unobservable inputs reflect our estimates of market data. The three-level hierarchy that is used to classify fair value measurements includes: | |||
● | Level 1 – Valuation is based on quoted prices for identical instruments traded in active markets. Level 1 instruments generally include securities traded on active exchange markets, such as the New York Stock Exchange or NASDAQ, as well as securities that are traded by dealers or brokers in active over-the-counter markets. Instruments the Company classifies as Level 1 are instruments that have been priced directly from dealer trading desks and represent actual prices at which such securities have traded within active markets. Level 1 instruments also include other loans held for sale and foreclosed real estate for which binding sales contracts have been entered into as of the balance sheet date. | ||
● | Level 2 – Valuation is based on quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques, such as matrix pricing, for which all significant assumptions are observable in the market. Instruments the Company classifies as Level 2 include securities that are valued based on pricing models that use relevant observable information generated by transactions that have occurred in the market place involving similar securities. Level 2 instruments also include mortgage loans held for sale that are valued based on prices for other mortgage whole loans with similar characteristics and other loans held for sale as well as impaired loans and foreclosed real estate valued by independent collateral appraisals based on recent sales of comparable properties. | ||
● | Level 3 – Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect our estimate of assumptions market participants would use in pricing the asset or liability. Valuation techniques include use of option-pricing models, discounted cash flow models and similar techniques. | ||
The Company attempts to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements. When available, the Company uses quoted market prices to measure fair value. If market prices are not available, fair value measurement is based on models that use primarily market-based or independently-sourced market parameters. In certain cases when observable market inputs for model-based valuation techniques may not be readily available, the Company is required to make judgments about assumptions market participants would use in estimating the fair value of the financial instrument. | |||
The degree of management judgment involved in determining the fair value of an instrument is dependent upon the availability of quoted market prices or observable market parameters. For instruments that trade actively and have quoted market prices or observable market parameters, there is minimal subjectivity involved in measuring fair value. When observable market prices and parameters are not fully available, management judgment is necessary to estimate fair value. In addition, changes in market conditions may reduce the availability of quoted prices or observable data. For example, reduced liquidity in the capital markets or changes in secondary-market activities could result in observable market inputs becoming unavailable. When significant adjustments to available observable inputs are required, it may be appropriate to utilize an estimate based primarily on unobservable inputs. When an active market for a security does not exist, the use of management estimates that incorporate current market participant expectations of future cash flows and appropriate risk premiums is acceptable. | |||
Valuation of the Company’s Common Stock | |||
The Company utilizes the market price of its common stock within various valuations and calculations relating to the Pension Plan assets, teammate retirement accounts, granting of equity-based compensation awards, the calculation of diluted net income (loss) per common share and the valuation of such stock serving as loan collateral. | |||
On August 18, 2011, shares of the Company’s common stock began trading on the NASDAQ Capital Market (“NASDAQ”) under the symbol PLMT. The Company uses the closing price of its common stock as reported on NASDAQ to obtain the value of its common stock as of each valuation date or award date. | |||
Recently Adopted Authoritative Pronouncements | |||
In December 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2011-11 Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities (“ASU 2011-11”) to enhance disclosures about financial instruments and derivative instruments that are subject to offsetting (“netting”) in balance sheets. ASU 2011-11 requires disclosure of both gross information and net information about instruments and transactions eligible for offset or subject to an agreement similar to a master netting agreement. In addition to the quantitative disclosures, entities also are required to provide a description of rights of setoff associated with recognized assets and recognized liabilities subject to enforceable master netting arrangements or similar agreements. The Company adopted ASU 2011-11 on January 1, 2013. The adoption of ASU 2011-11 did not have a material impact on the Company’s financial position, results of operations or cash flows. | |||
In January 2013, the FASB issued ASU 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities (“ASU 2013-01”) to address questions about the scope of balance sheet offsetting guidance pursuant to master netting arrangements as outlined in ASU 2011-11. Specifically, ASU 2013-01 clarifies that ordinary trade receivables and receivables are not in the scope of ASU 2011-11. ASU 2011-11 applies only to derivatives, repurchase agreements and reverse purchase agreements and securities borrowing and securities lending transactions that are either offset in accordance with specific criteria contained in U.S. GAAP or subject to a master netting arrangement or similar agreement. The amendments were effective for the Company on January 1, 2013. The adoption of ASU 2013-01 did not have a material impact on the Company’s financial position, results of operations or cash flows. | |||
In February 2013, the FASB issued ASU 2013-02 Comprehensive Income (Topic 220): Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income (“ASU 2013-02”) to address the reporting of amounts reclassified out of accumulated other comprehensive income. Specifically, the amendments do not change the current requirements for reporting net income or other comprehensive income in financial statements. However, the amendments do require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, in certain circumstances an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income. The Company adopted the provisions of ASU 2013-02 effective January 1, 2013. The adoption of ASU 2013-02 did not have a material impact on the Company’s financial position, results of operations or cash flows. | |||
In July 2013, the FASB issued ASU 2013-10 Derivatives and Hedging (Topic 815): Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes (“ASU 2013-10”) to provide guidance on the risks that are permitted to be hedged in a fair value or cash flow hedge. Among those risks for financial assets and financial liabilities is the risk of changes in a hedged item’s fair value or a hedged transaction’s cash flows attributable to changes in the designated benchmark interest rate (referred to as interest-rate risk). The provisions were effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. The adoption of ASU 2013-10 did not have a material impact on the Company’s financial position, results of operations or cash flows. | |||
Recently Issued Authoritative Pronouncements | |||
In July 2013, the FASB issued ASU 2013-11 Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”) to provide guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists thereby reducing diversity in practice. The amendments in ASU 2013-11 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Early adoption is permitted. The amendments are to be applied prospectively to all unrecognized tax benefits that exist at the effective date with retrospective application permitted. The Company does not expect the adoption of ASU 2013-11 to have a material impact on its financial position, results of operations or cash flows. | |||
In December 2013, the FASB amended the Master Glossary of the FASB Codification to define “Public Business Entity” to minimize the inconsistency and complexity of having multiple definitions of, or a diversity in practice as to what constitutes, a nonpublic entity and public entity within GAAP. The amendment does not affect existing requirements, however it will be used by the FASB, the Private Company Council and the Emerging Issues Task Force in specifying the scope of future financial accounting and reporting guidance. The Company does not expect this amendment to have a material impact on its financial position, results of operations or cash flows. | |||
In January 2014, the FASB issued ASU 2014-01, Investments – Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects (a Consensus of the FASB Emerging Issues Task Force) (“ASU 2014-01”) to modify the criteria an entity must meet to account for a low-income housing tax credit investment by using the measurement and presentation alternative in ASC 323-740. This method permits an investment’s performance to be presented net of the related tax benefits as part of income tax expense. ASU 2014-01 is likely to increase the number of low-income housing tax credit investments that would qualify for this method. The new guidance also simplifies the amortization method an entity uses when it qualifies for and elects to apply the accounting permitted under ASC 323-740 by establishing a proportional-amortization method that replaces the effective-yield method previously required. The amendments should be applied retrospectively to all periods presented and are effective for public entities for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2014. The Company does not expect the adoption of ASU 2014-01to have a material impact on its financial position, results of operations or cash flows. | |||
Other accounting standards that have been recently issued by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows. |
Note_2_Cash_and_Cash_Equivalen
Note 2 - Cash and Cash Equivalents | 12 Months Ended |
Dec. 31, 2013 | |
Cash and cash equivalents [Abstract] | ' |
Cash and Cash Equivalents Disclosure [Text Block] | ' |
2. Cash and Cash Equivalents | |
Required Reserve Balances | |
The Federal Reserve Act requires each depository institution to maintain cash reserves against certain liabilities. The Bank reports these liabilities to the Board of Governors of the Federal Reserve System (the “Federal Reserve”) on a weekly basis and maintains reserves on these liabilities with a 30-day lag. As of December 31, 2013, after taking into consideration the Bank’s levels of vault cash, reserves of $3.9 million were maintained with the Federal Reserve. | |
Concentrations and Restrictions | |
In an effort to manage counterparty risk, the Company generally does not sell federal funds to other financial institutions. Federal funds are essentially uncollateralized overnight loans. The Company regularly evaluates the risk associated with the counterparties to these potential transactions to ensure that it would not be exposed to any significant risks with regard to cash and cash equivalent balances if it were to sell federal funds. | |
Restricted cash and cash equivalents pledged as collateral relative to bankcard and public fund agreements totaled $706 thousand and $704 thousand at December 31, 2013 and 2012, respectively. |
Note_3_Trading_Account_Assets
Note 3 - Trading Account Assets | 12 Months Ended | ||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||
Trading Securities [Member] | ' | ||||||||||||||||||||||||||||||||||||
Note 3 - Trading Account Assets [Line Items] | ' | ||||||||||||||||||||||||||||||||||||
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||||||||||
3. Trading Account Assets | |||||||||||||||||||||||||||||||||||||
The following table summarizes the components of trading account assets at December 31, 2013 (in thousands). There were no trading account assets at December 31, 2012. | |||||||||||||||||||||||||||||||||||||
Municipal bonds | $ | 3,771 | |||||||||||||||||||||||||||||||||||
Insured bank deposits | 1,347 | ||||||||||||||||||||||||||||||||||||
Total trading account assets | $ | 5,118 | |||||||||||||||||||||||||||||||||||
The following table summarizes net realized gains and the change in net unrealized gains on trading account assets included in trading account asset noninterest income on the Consolidated Statement of Income (Loss) for the year ended December 31, 2013 (in thousands). | |||||||||||||||||||||||||||||||||||||
Municipal bonds | |||||||||||||||||||||||||||||||||||||
Realized gains, net | $ | 139 | |||||||||||||||||||||||||||||||||||
Unrealized gains, net due to changes in fair value relative to assets held at end of period | 31 | ||||||||||||||||||||||||||||||||||||
Total trading account gains, net | $ | 170 | |||||||||||||||||||||||||||||||||||
Funds invested in the trading account may not be withdrawn for one year from the date of initial investment and, therefore, are restricted though September 2014. | |||||||||||||||||||||||||||||||||||||
Ratings | |||||||||||||||||||||||||||||||||||||
The following table summarizes Moody’s ratings of municipal bond trading account assets, based on fair value, at December 31, 2013. | |||||||||||||||||||||||||||||||||||||
Municipal | |||||||||||||||||||||||||||||||||||||
bonds | |||||||||||||||||||||||||||||||||||||
Aaa | 13 | % | |||||||||||||||||||||||||||||||||||
Aa1 - A3 | 67 | ||||||||||||||||||||||||||||||||||||
Baa1 | 2 | ||||||||||||||||||||||||||||||||||||
Not rated | 18 | ||||||||||||||||||||||||||||||||||||
Total | 100 | % | |||||||||||||||||||||||||||||||||||
The following table summarizes Standard and Poor’s ratings of municipal bond trading account assets, based on fair value, at December 31, 2013. | |||||||||||||||||||||||||||||||||||||
Municipal | |||||||||||||||||||||||||||||||||||||
bonds | |||||||||||||||||||||||||||||||||||||
Aaa | 18 | % | |||||||||||||||||||||||||||||||||||
Aa+ | 13 | ||||||||||||||||||||||||||||||||||||
Aa - A- | 57 | ||||||||||||||||||||||||||||||||||||
Not rated | 12 | ||||||||||||||||||||||||||||||||||||
Total | 100 | % | |||||||||||||||||||||||||||||||||||
All municipal bond trading account assets were rated by either Moody’s or Standard and Poor’s at December 31, 2013. | |||||||||||||||||||||||||||||||||||||
Available-for-sale Securities [Member] | ' | ||||||||||||||||||||||||||||||||||||
Note 3 - Trading Account Assets [Line Items] | ' | ||||||||||||||||||||||||||||||||||||
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||||||||||
4. Investment Securities Available for Sale | |||||||||||||||||||||||||||||||||||||
The following tables summarize the amortized cost, gross unrealized gains and losses included in accumulated other comprehensive income (loss) and fair values of investment securities available for sale at the dates indicated (in thousands). At December 31, 2013 and 2012, the Company did not have any investment securities classified as held-to-maturity. | |||||||||||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||||||
Amortized cost | Gross | Gross | Fair value | ||||||||||||||||||||||||||||||||||
unrealized | unrealized | ||||||||||||||||||||||||||||||||||||
gains | losses | ||||||||||||||||||||||||||||||||||||
State and municipal | $ | 7,393 | $ | 138 | $ | (71 | ) | $ | 7,460 | ||||||||||||||||||||||||||||
Collateralized mortgage obligations (federal agencies) | 97,303 | 30 | (4,201 | ) | 93,132 | ||||||||||||||||||||||||||||||||
Other mortgage-backed (federal agencies) | 76,852 | 95 | (927 | ) | 76,020 | ||||||||||||||||||||||||||||||||
SBA loan-backed (federal agency) | 37,655 | 258 | (142 | ) | 37,771 | ||||||||||||||||||||||||||||||||
Total investment securities available for sale | $ | 219,203 | $ | 521 | $ | (5,341 | ) | $ | 214,383 | ||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Amortized cost | Gross | Gross | Fair value | ||||||||||||||||||||||||||||||||||
unrealized | unrealized | ||||||||||||||||||||||||||||||||||||
gains | losses | ||||||||||||||||||||||||||||||||||||
State and municipal | $ | 11,247 | $ | 283 | $ | - | $ | 11,530 | |||||||||||||||||||||||||||||
Collateralized mortgage obligations (federal agencies) | 122,444 | 1,219 | (155 | ) | 123,508 | ||||||||||||||||||||||||||||||||
Other mortgage-backed (federal agencies) | 62,581 | 1,328 | (92 | ) | 63,817 | ||||||||||||||||||||||||||||||||
SBA loan-backed (federal agency) | 65,828 | 182 | (363 | ) | 65,647 | ||||||||||||||||||||||||||||||||
Total investment securities available for sale | $ | 262,100 | $ | 3,012 | $ | (610 | ) | $ | 264,502 | ||||||||||||||||||||||||||||
The following tables summarize securities in each category of investment securities available for sale that were in an unrealized loss position at the dates indicated (dollars in thousands). | |||||||||||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||||||||||||||||||||
# | Fair value | Gross unrealized losses | # | Fair value | Gross unrealized losses | # | Fair value | Gross unrealized losses | |||||||||||||||||||||||||||||
State and municipal | 1 | $ | 1,010 | $ | 71 | - | $ | - | $ | - | 1 | $ | 1,010 | $ | 71 | ||||||||||||||||||||||
Collateralized mortgage obligations (federal agencies) | 14 | 62,251 | 2,863 | 9 | 29,123 | 1,338 | 23 | 91,374 | 4,201 | ||||||||||||||||||||||||||||
Other mortgage-backed (federal agencies) | 20 | 64,428 | 774 | 1 | 1,517 | 153 | 21 | 65,945 | 927 | ||||||||||||||||||||||||||||
SBA loan-backed (federal agency) | 4 | 14,468 | 73 | 3 | 5,306 | 69 | 7 | 19,774 | 142 | ||||||||||||||||||||||||||||
Total | 39 | $ | 142,157 | $ | 3,781 | 13 | $ | 35,946 | $ | 1,560 | 52 | $ | 178,103 | $ | 5,341 | ||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||||||||||||||||||||
# | Fair value | Gross unrealized losses | # | Fair value | Gross unrealized losses | # | Fair value | Gross unrealized losses | |||||||||||||||||||||||||||||
Collateralized mortgage obligations (federal agencies) | 7 | $ | 23,301 | $ | 109 | 9 | $ | 9,547 | $ | 46 | 16 | $ | 32,848 | $ | 155 | ||||||||||||||||||||||
Other mortgage-backed (federal agencies) | 3 | 14,586 | 92 | - | - | - | 3 | 14,586 | 92 | ||||||||||||||||||||||||||||
SBA loan-backed (federal agency) | 6 | 25,115 | 363 | - | - | - | 6 | 25,115 | 363 | ||||||||||||||||||||||||||||
Total | 16 | $ | 63,002 | $ | 564 | 9 | $ | 9,547 | $ | 46 | 25 | $ | 72,549 | $ | 610 | ||||||||||||||||||||||
Other-Than-Temporary Impairment | |||||||||||||||||||||||||||||||||||||
Based on the Company’s other-than-temporary impairment analysis at December 31, 2013, the Company concluded that gross unrealized losses detailed in the preceding table were due to changes in market interest rates and were not other-than-temporarily impaired as of that date. | |||||||||||||||||||||||||||||||||||||
Ratings | |||||||||||||||||||||||||||||||||||||
The following table summarizes Moody’s ratings of investment securities available for sale, based on fair value, at December 31, 2013. | |||||||||||||||||||||||||||||||||||||
State and municipal | Collateralized mortgage obligations (federal agencies) | Other mortgage-backed (federal agencies) | SBA loan-backed (federal agency) | ||||||||||||||||||||||||||||||||||
Aaa | - | % | 100 | % | 100 | % | 100 | % | |||||||||||||||||||||||||||||
Aa1 - A1 | 77 | - | - | - | |||||||||||||||||||||||||||||||||
Baa1 | 6 | - | - | - | |||||||||||||||||||||||||||||||||
Not rated | 17 | - | - | - | |||||||||||||||||||||||||||||||||
Total | 100 | % | 100 | % | 100 | % | 100 | % | |||||||||||||||||||||||||||||
The following table summarizes Standard and Poor’s ratings of investment securities available for sale, based on fair value, at December 31, 2013. | |||||||||||||||||||||||||||||||||||||
State and municipal | Collateralized mortgage obligations (federal agencies) | Other mortgage-backed (federal agencies) | SBA loan-backed (federal agency) | ||||||||||||||||||||||||||||||||||
Aaa | - | % | - | % | 2 | % | - | % | |||||||||||||||||||||||||||||
Aa+ | - | 100 | 98 | 100 | |||||||||||||||||||||||||||||||||
Aa - Aa- | 33 | - | - | - | |||||||||||||||||||||||||||||||||
Not rated | 67 | - | - | - | |||||||||||||||||||||||||||||||||
Total | 100 | % | 100 | % | 100 | % | 100 | % | |||||||||||||||||||||||||||||
All state and municipal securities were rated by either Moody’s or Standard and Poor’s at December 31, 2013. | |||||||||||||||||||||||||||||||||||||
Maturities | |||||||||||||||||||||||||||||||||||||
The following table summarizes the amortized cost and fair value of investment securities available for sale at December 31, 2013 by contractual maturity and estimated principal repayment distribution (in thousands). State and municipal securities are organized based on contractual maturity. Principal amounts on collateralized mortgage obligations, other mortgage-backed securities and SBA loan-backed securities are not due at a single maturity date and are subject to early repayment based on prepayment activity of underlying loans. Therefore, collateralized mortgage obligations, other mortgage-backed securities and SBA loan-backed securities are organized based on estimated cash flows using current prepayment assumptions. | |||||||||||||||||||||||||||||||||||||
Amortized cost | Fair value | ||||||||||||||||||||||||||||||||||||
Due in one year or less | $ | 3,978 | $ | 4,018 | |||||||||||||||||||||||||||||||||
Due after one year through five years | 2,334 | 2,432 | |||||||||||||||||||||||||||||||||||
Due after five years through ten years | 1,081 | 1,010 | |||||||||||||||||||||||||||||||||||
Due after ten years | - | - | |||||||||||||||||||||||||||||||||||
State and municipal | 7,393 | 7,460 | |||||||||||||||||||||||||||||||||||
Due in one year or less | 3,570 | 3,592 | |||||||||||||||||||||||||||||||||||
Due after one year through five years | 13,833 | 13,421 | |||||||||||||||||||||||||||||||||||
Due after five years through ten years | 79,900 | 76,119 | |||||||||||||||||||||||||||||||||||
Due after ten years | - | - | |||||||||||||||||||||||||||||||||||
Collateralized mortgage obligations (federal agencies) | 97,303 | 93,132 | |||||||||||||||||||||||||||||||||||
Due in one year or less | - | - | |||||||||||||||||||||||||||||||||||
Due after one year through five years | 40,158 | 40,076 | |||||||||||||||||||||||||||||||||||
Due after five years through ten years | 17,209 | 16,800 | |||||||||||||||||||||||||||||||||||
Due after ten years | 19,485 | 19,144 | |||||||||||||||||||||||||||||||||||
Other mortgage-backed (federal agencies) | 76,852 | 76,020 | |||||||||||||||||||||||||||||||||||
Due in one year or less | - | - | |||||||||||||||||||||||||||||||||||
Due after one year through five years | 25,978 | 25,966 | |||||||||||||||||||||||||||||||||||
Due after five years through ten years | 2,851 | 2,836 | |||||||||||||||||||||||||||||||||||
Due after ten years | 8,826 | 8,969 | |||||||||||||||||||||||||||||||||||
SBA loan-backed (federal agency) | 37,655 | 37,771 | |||||||||||||||||||||||||||||||||||
Total investment securities available for sale | $ | 219,203 | $ | 214,383 | |||||||||||||||||||||||||||||||||
The weighted-average duration of the investment securities available for sale portfolio was 5.1 years, based on expected prepayment activity, at December 31, 2013. | |||||||||||||||||||||||||||||||||||||
Pledged | |||||||||||||||||||||||||||||||||||||
Investment securities were pledged as collateral for the following purposes at the dates indicated (in thousands). | |||||||||||||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||
Public funds deposits | $ | 119,591 | $ | 106,642 | |||||||||||||||||||||||||||||||||
Federal Reserve line of credit | 1,411 | 1,583 | |||||||||||||||||||||||||||||||||||
Total investment securities available for sale pledged | $ | 121,002 | $ | 108,225 | |||||||||||||||||||||||||||||||||
Realized Gains and Losses | |||||||||||||||||||||||||||||||||||||
The following table summarizes the gross realized gains and losses from sales of investment securities available for sale for the periods indicated (in thousands). | |||||||||||||||||||||||||||||||||||||
For the years ended December 31, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Realized gains | $ | 471 | $ | 10,499 | $ | 157 | |||||||||||||||||||||||||||||||
Realized losses | (161 | ) | (5 | ) | - | ||||||||||||||||||||||||||||||||
Net realized gains | $ | 310 | $ | 10,494 | $ | 157 | |||||||||||||||||||||||||||||||
Note_5_Loans
Note 5 - Loans | 12 Months Ended | ||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||||||||||
5. Loans | |||||||||||||||||||||||||||||||||||||
In the tables below, loan classes are based on the Federal Deposit Insurance Corporation’s (“FDIC”) classification code, and portfolio segments are an aggregation of those classes based on the methodology used to develop and document the allowance for loan losses. FDIC classification codes are based on the underlying loan collateral. | |||||||||||||||||||||||||||||||||||||
The tabular disclosures in this Note include amounts related to other loans held for sale, which are reported separately from the Company’s gross loan portfolio on the Consolidated Balance Sheets and are subject to different accounting and reporting standards. Inclusion of other loans held for sale with the related disclosures for gross loans provides a more accurate and relevant picture of the Company’s historical credit exposures. | |||||||||||||||||||||||||||||||||||||
Composition | |||||||||||||||||||||||||||||||||||||
The following table summarizes gross loans and other loans held for sale, categorized by portfolio segment, at the dates indicated (dollars in thousands). | |||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||
Total | % of total | Total | % of total | ||||||||||||||||||||||||||||||||||
Commercial real estate | $ | 455,452 | 59.4 | % | $ | 459,212 | 62.1 | % | |||||||||||||||||||||||||||||
Single-family residential | 178,125 | 23.2 | 168,180 | 22.8 | |||||||||||||||||||||||||||||||||
Commercial and industrial | 73,078 | 9.5 | 51,661 | 7 | |||||||||||||||||||||||||||||||||
Consumer | 50,099 | 6.5 | 50,574 | 6.8 | |||||||||||||||||||||||||||||||||
Other | 10,759 | 1.4 | 9,431 | 1.3 | |||||||||||||||||||||||||||||||||
Total loans | $ | 767,513 | 100 | % | $ | 739,058 | 100 | % | |||||||||||||||||||||||||||||
Less: other loans held for sale | - | (776 | ) | ||||||||||||||||||||||||||||||||||
Loans, gross | $ | 767,513 | $ | 738,282 | |||||||||||||||||||||||||||||||||
Residential mortgage loans serviced for the benefit of others amounted to $384.5 million and $388.7 million at December 31, 2013 and 2012, respectively, and are excluded from the Consolidated Balance Sheets since they are not owned by the Company. | |||||||||||||||||||||||||||||||||||||
Loans included in the preceding table are net of unearned income, charge-offs and unamortized deferred fees and direct loan origination costs. Net unearned income and deferred fees totaled $643 thousand and $320 thousand at December 31, 2013 and 2012, respectively. | |||||||||||||||||||||||||||||||||||||
Pledged | |||||||||||||||||||||||||||||||||||||
To borrow from the FHLB and cover the various Federal Reserve services that are available for use by the Bank, members must pledge collateral. Acceptable collateral includes, among other types of collateral, a variety of loans including residential, multifamily, home equity lines and second mortgages as well as qualifying commercial loans. At December 31, 2013 and 2012, $205.2 million and $201.2 million of gross loans, respectively, were pledged to collateralize FHLB advances of which $90.2 million and $79.9 million, respectively, were available as lendable collateral. | |||||||||||||||||||||||||||||||||||||
At December 31, 2013 and 2012, $794 thousand and $2.5 million, respectively, of loans were pledged as collateral to cover the various Federal Reserve services that are available for use by the Bank of which $651 thousand and $2.2 million, respectively, were available as lendable collateral. | |||||||||||||||||||||||||||||||||||||
Concentrations | |||||||||||||||||||||||||||||||||||||
The following table summarizes loans secured by commercial real estate, categorized by class, at December 31, 2013 (dollars in thousands). | |||||||||||||||||||||||||||||||||||||
Total commercial real estate loans | % of gross loans | % of Bank's total regulatory capital | |||||||||||||||||||||||||||||||||||
Secured by commercial real estate | |||||||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 76,558 | 10 | % | 58.9 | % | |||||||||||||||||||||||||||||||
Multifamily residential | 10,417 | 1.3 | 8 | ||||||||||||||||||||||||||||||||||
Nonfarm nonresidential | 368,477 | 48 | 283.6 | ||||||||||||||||||||||||||||||||||
Total loans secured by commercial real estate | $ | 455,452 | 59.3 | % | 350.5 | % | |||||||||||||||||||||||||||||||
The following table further categorizes loans secured by commercial real estate at December 31, 2013 (dollars in thousands). | |||||||||||||||||||||||||||||||||||||
Total commercial real estate loans | % of gross loans | % of Bank's total regulatory capital | |||||||||||||||||||||||||||||||||||
Development commercial real estate loans | |||||||||||||||||||||||||||||||||||||
Secured by: | |||||||||||||||||||||||||||||||||||||
Land - unimproved (commercial or residential) | $ | 19,636 | 2.6 | % | 15.1 | % | |||||||||||||||||||||||||||||||
Land development - commercial | 7,632 | 1 | 5.9 | ||||||||||||||||||||||||||||||||||
Land development - residential | 8,047 | 1 | 6.2 | ||||||||||||||||||||||||||||||||||
Commercial construction: | |||||||||||||||||||||||||||||||||||||
Retail | 1,702 | 0.2 | 1.3 | ||||||||||||||||||||||||||||||||||
Office | 5,839 | 0.8 | 4.5 | ||||||||||||||||||||||||||||||||||
Multifamily | 8,430 | 1.1 | 6.5 | ||||||||||||||||||||||||||||||||||
Industrial and warehouse | 614 | 0.1 | 0.5 | ||||||||||||||||||||||||||||||||||
Miscellaneous commercial | 7,739 | 1 | 5.9 | ||||||||||||||||||||||||||||||||||
Total development commercial real estate loans | 59,639 | 7.8 | 45.9 | ||||||||||||||||||||||||||||||||||
Existing and other commercial real estate loans | |||||||||||||||||||||||||||||||||||||
Secured by: | |||||||||||||||||||||||||||||||||||||
Hotel / motel | 54,439 | 7.1 | 41.9 | ||||||||||||||||||||||||||||||||||
Retail | 24,981 | 3.2 | 19.2 | ||||||||||||||||||||||||||||||||||
Office | 13,031 | 1.7 | 10 | ||||||||||||||||||||||||||||||||||
Multifamily | 10,417 | 1.4 | 8 | ||||||||||||||||||||||||||||||||||
Industrial and warehouse | 7,770 | 1 | 6 | ||||||||||||||||||||||||||||||||||
Healthcare | 13,901 | 1.8 | 10.7 | ||||||||||||||||||||||||||||||||||
Miscellaneous commercial | 111,129 | 14.5 | 85.5 | ||||||||||||||||||||||||||||||||||
Residential construction - speculative | 162 | - | 0.2 | ||||||||||||||||||||||||||||||||||
Total existing and other commercial real estate loans | 235,830 | 30.7 | 181.5 | ||||||||||||||||||||||||||||||||||
Commercial real estate owner-occupied and residential loans | |||||||||||||||||||||||||||||||||||||
Secured by: | |||||||||||||||||||||||||||||||||||||
Commercial - owner-occupied | 143,226 | 18.6 | 110.2 | ||||||||||||||||||||||||||||||||||
Commercial construction - owner-occupied | 8,929 | 1.2 | 6.9 | ||||||||||||||||||||||||||||||||||
Residential construction - contract | 7,828 | 1 | 6 | ||||||||||||||||||||||||||||||||||
Total commercial real estate owner-occupied and residential loans | 159,983 | 20.8 | 123.1 | ||||||||||||||||||||||||||||||||||
Total loans secured by commercial real estate | $ | 455,452 | 59.3 | % | 350.5 | % | |||||||||||||||||||||||||||||||
Asset Quality | |||||||||||||||||||||||||||||||||||||
The Company’s loan portfolio is currently weighted toward commercial real estate lending. Commercial real estate loans have higher risks than other real estate loans because repayment is sensitive to interest-rate changes, governmental regulation of real property, general economic and market conditions and the availability of long-term financing particularly in the current economic environment. Commercial and industrial loans are generally secured by the assets being financed or other business assets, such as accounts receivable or inventory, and generally incorporate a personal guarantee. In the case of loans secured by accounts receivable or inventory, the availability of funds for repayment of these loans may depend substantially on the ability of the client to collect amounts due from its customers or to liquidate inventory at sufficient prices. Underwriting standards for single-family real estate purpose loans are heavily regulated by statutory requirements. However, these loans have risks associated with declines in collateral value. Many consumer loans are unsecured and depend solely on the client’s availability of funds for the repayment of the loans. | |||||||||||||||||||||||||||||||||||||
The Company regularly monitors the credit quality of its loan portfolio. Credit quality refers to the current and expected ability of clients to repay their obligations according to the contractual terms of their loans. Credit quality is evaluated through assignment of individual loan grades as well as past due and performing status analysis. Credit-quality indicators allow the Company to assess the inherent loss on certain individual loans and pools of loans. | |||||||||||||||||||||||||||||||||||||
The Company uses an internal risk rating system to classify and monitor the credit quality of all commercial loans. Loan risk ratings are based on a graduated scale representing increasing likelihood of loss. Responsibility for the assignment of risk ratings to commercial loans rests with the individual loan officer assigned to each loan subject to verification by the Credit Administration department, which is independent of the loan officers. Risk ratings are also reviewed periodically by an independent third-party loan review firm that reports directly to the Board of Directors. Individual loan officers are also responsible for ensuring risk ratings remain appropriate over the life of the loan. Commercial loan risk ratings are summarized as follows: | |||||||||||||||||||||||||||||||||||||
Risk rating | Description | Specific characteristics | |||||||||||||||||||||||||||||||||||
1 | Superior Quality | Fully secured by liquid collateral held at the Company | |||||||||||||||||||||||||||||||||||
2 | High Quality | Secured loans to public companies with satisfactory credit ratings and financial strength or secured by properly margined public securities | |||||||||||||||||||||||||||||||||||
3 | Satisfactory | Loans with reasonable credit risk to borrowers with satisfactory credit and financial strength (may include unsecured loans with defined primary and secondary repayment sources) | |||||||||||||||||||||||||||||||||||
4 | Pass | Loans with an elevated credit risk to clients with an adequate credit history and financial strength (includes loans with inherent industry risk with support from principals and/or guarantors) | |||||||||||||||||||||||||||||||||||
W | Watch | A subset of “Pass”, watch loans have an elevated credit risk to clients with an adequate credit history and financial strength and are experiencing declining trends (e.g., financial, economic or industry specific) | |||||||||||||||||||||||||||||||||||
5 | Special Mention | Loans with potential credit weakness that deserve management attention that, if left uncorrected, may result in deterioration of repayment prospects for the loan | |||||||||||||||||||||||||||||||||||
6 | Substandard | Loans inadequately protected by the current sound worth and paying capacity of the client or of the collateral pledged that have well-defined weaknesses that jeopardize the liquidation of the loan combined with a distinct possibility that the Company will sustain some loss if the deficiencies are not corrected | |||||||||||||||||||||||||||||||||||
7 | Doubtful | Loans with all the weaknesses of “Substandard” with additional factors that make collection or liquidation in full highly questionable and improbable (generally these loans are placed on nonaccrual status) | |||||||||||||||||||||||||||||||||||
8 | Loss | Loans considered uncollectible that are immediately charged-off for which some recovery may exist, but the probability of such recovery does not warrant reflecting the loan as an asset | |||||||||||||||||||||||||||||||||||
NR | Not Rated | Primarily consists of individual consumer loans not assigned a risk rating. Also, commercial loans in process for which an assigned risk rating has not yet been determined as underwriting steps are currently being taken to determine the appropriate risk rating to be assigned. | |||||||||||||||||||||||||||||||||||
Credit quality of the consumer loan portfolio is monitored through review of delinquency measures and nonaccrual levels on a portfolio-level basis. In general, higher levels of amounts past due and loans in nonaccrual status are indicative of increased credit risk and higher potential inherent losses within these loan portfolios. | |||||||||||||||||||||||||||||||||||||
The following table summarizes various internal credit-quality indicators of gross loans, by class, at December 31, 2013 (in thousands). | |||||||||||||||||||||||||||||||||||||
Construction, land development and other land loans | Multifamily residential | Nonfarm nonresidential | Total commercial real estate | ||||||||||||||||||||||||||||||||||
Grade 1 | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||||||||||||
Grade 2 | - | - | - | - | |||||||||||||||||||||||||||||||||
Grade 3 | 10,025 | 259 | 69,954 | 80,238 | |||||||||||||||||||||||||||||||||
Grade 4 | 34,654 | 887 | 171,585 | 207,126 | |||||||||||||||||||||||||||||||||
Grade W | 8,679 | 9,079 | 83,843 | 101,601 | |||||||||||||||||||||||||||||||||
Grade 5 | 2,202 | - | 16,727 | 18,929 | |||||||||||||||||||||||||||||||||
Grade 6 | 4,400 | 181 | 24,352 | 28,933 | |||||||||||||||||||||||||||||||||
Grade 7 | 803 | - | 1,604 | 2,407 | |||||||||||||||||||||||||||||||||
Not risk rated* | 15,795 | 11 | 412 | 16,218 | |||||||||||||||||||||||||||||||||
Total | $ | 76,558 | $ | 10,417 | $ | 368,477 | $ | 455,452 | |||||||||||||||||||||||||||||
* | Consumer real estate loans, included within construction, land development and other land loans, are not risk rated in accordance with the Company's policy. | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | |||||||||||||||||||||||||||||||||||||
Grade 1 | $ | 879 | |||||||||||||||||||||||||||||||||||
Grade 2 | 1,186 | ||||||||||||||||||||||||||||||||||||
Grade 3 | 8,830 | ||||||||||||||||||||||||||||||||||||
Grade 4 | 51,167 | ||||||||||||||||||||||||||||||||||||
Grade W | 5,151 | ||||||||||||||||||||||||||||||||||||
Grade 5 | 2,361 | ||||||||||||||||||||||||||||||||||||
Grade 6 | 2,923 | ||||||||||||||||||||||||||||||||||||
Grade 7 | 494 | ||||||||||||||||||||||||||||||||||||
Not risk rated | 87 | ||||||||||||||||||||||||||||||||||||
Total | $ | 73,078 | |||||||||||||||||||||||||||||||||||
Single-family residential revolving, open-end loans | Single-family residential closed-end, first lien | Single-family residential closed-end, junior lien | Total single-family residential loans | ||||||||||||||||||||||||||||||||||
Performing | $ | 69,121 | $ | 101,100 | $ | 3,802 | $ | 174,023 | |||||||||||||||||||||||||||||
Nonperforming | 797 | 3,176 | 129 | 4,102 | |||||||||||||||||||||||||||||||||
Total | $ | 69,918 | $ | 104,276 | $ | 3,931 | $ | 178,125 | |||||||||||||||||||||||||||||
Credit cards | All other consumer | Total consumer | |||||||||||||||||||||||||||||||||||
Performing | $ | - | $ | 49,863 | $ | 49,863 | |||||||||||||||||||||||||||||||
Nonperforming | 1 | 235 | 236 | ||||||||||||||||||||||||||||||||||
Total | $ | 1 | $ | 50,098 | $ | 50,099 | |||||||||||||||||||||||||||||||
Other | |||||||||||||||||||||||||||||||||||||
Performing | $ | 10,759 | |||||||||||||||||||||||||||||||||||
Nonperforming | - | ||||||||||||||||||||||||||||||||||||
Total | $ | 10,759 | |||||||||||||||||||||||||||||||||||
The following table summarizes various internal credit-quality indicators on gross loans and other loans held for sale, by class, at December 31, 2012 (in thousands). | |||||||||||||||||||||||||||||||||||||
Construction, land development and other land loans | Multifamily residential | Nonfarm nonresidential | Commercial real estate in other loans held for sale | Total commercial real estate | |||||||||||||||||||||||||||||||||
Grade 1 | $ | - | $ | - | $ | 2,643 | $ | - | $ | 2,643 | |||||||||||||||||||||||||||
Grade 2 | - | - | - | - | - | ||||||||||||||||||||||||||||||||
Grade 3 | 10,384 | 404 | 83,554 | - | 94,342 | ||||||||||||||||||||||||||||||||
Grade 4 | 22,384 | 1,391 | 151,956 | - | 175,731 | ||||||||||||||||||||||||||||||||
Grade W | 6,735 | 2,431 | 73,306 | - | 82,472 | ||||||||||||||||||||||||||||||||
Grade 5 | 3,354 | 7,183 | 28,910 | - | 39,447 | ||||||||||||||||||||||||||||||||
Grade 6 | 4,000 | 246 | 38,328 | - | 42,574 | ||||||||||||||||||||||||||||||||
Grade 7 | 2,780 | - | 1,801 | 776 | 5,357 | ||||||||||||||||||||||||||||||||
Not risk rated* | 16,486 | 4 | 156 | - | 16,646 | ||||||||||||||||||||||||||||||||
$ | 66,123 | $ | 11,659 | $ | 380,654 | $ | 776 | $ | 459,212 | ||||||||||||||||||||||||||||
Less: commercial real estate included in other loans held for sale | (776 | ) | |||||||||||||||||||||||||||||||||||
Total | $ | 458,436 | |||||||||||||||||||||||||||||||||||
* | Consumer real estate loans, included within construction, land development and other land loans, are not risk rated in accordance with the Company's policy. | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | |||||||||||||||||||||||||||||||||||||
Grade 1 | $ | 3,462 | |||||||||||||||||||||||||||||||||||
Grade 2 | 208 | ||||||||||||||||||||||||||||||||||||
Grade 3 | 7,210 | ||||||||||||||||||||||||||||||||||||
Grade 4 | 28,293 | ||||||||||||||||||||||||||||||||||||
Grade W | 7,330 | ||||||||||||||||||||||||||||||||||||
Grade 5 | 677 | ||||||||||||||||||||||||||||||||||||
Grade 6 | 3,701 | ||||||||||||||||||||||||||||||||||||
Grade 7 | 732 | ||||||||||||||||||||||||||||||||||||
Not risk rated | 48 | ||||||||||||||||||||||||||||||||||||
Total | $ | 51,661 | |||||||||||||||||||||||||||||||||||
Single-family residential revolving, open-end loans | Single-family residential closed-end, first lien | Single-family residential closed-end, junior lien | Total single-family residential loans | ||||||||||||||||||||||||||||||||||
Performing | $ | 58,935 | $ | 99,080 | $ | 4,608 | $ | 162,623 | |||||||||||||||||||||||||||||
Nonperforming | 816 | 4,442 | 299 | 5,557 | |||||||||||||||||||||||||||||||||
Total | $ | 59,751 | $ | 103,522 | $ | 4,907 | $ | 168,180 | |||||||||||||||||||||||||||||
Credit cards | All other consumer | Total consumer | |||||||||||||||||||||||||||||||||||
Performing | $ | - | $ | 50,310 | $ | 50,310 | |||||||||||||||||||||||||||||||
Nonperforming | 17 | 247 | 264 | ||||||||||||||||||||||||||||||||||
Total | $ | 17 | $ | 50,557 | $ | 50,574 | |||||||||||||||||||||||||||||||
Other | |||||||||||||||||||||||||||||||||||||
Performing | $ | 9,429 | |||||||||||||||||||||||||||||||||||
Nonperforming | 2 | ||||||||||||||||||||||||||||||||||||
Total | $ | 9,431 | |||||||||||||||||||||||||||||||||||
The following table summarizes delinquencies, by class, at December 31, 2013 (in thousands). | |||||||||||||||||||||||||||||||||||||
30-89 days past due and still accruing | Greater than 90 days past due and not accruing (nonaccrual) | Total past due | Current | Loans, gross | |||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 82 | $ | 3,872 | $ | 3,954 | $ | 72,604 | $ | 76,558 | |||||||||||||||||||||||||||
Multifamily residential | - | 181 | 181 | 10,236 | 10,417 | ||||||||||||||||||||||||||||||||
Nonfarm nonresidential | 1,199 | 4,832 | 6,031 | 362,446 | 368,477 | ||||||||||||||||||||||||||||||||
Total commercial real estate | 1,281 | 8,885 | 10,166 | 445,286 | 455,452 | ||||||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | 148 | 797 | 945 | 68,973 | 69,918 | ||||||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 1,091 | 3,176 | 4,267 | 100,009 | 104,276 | ||||||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 41 | 129 | 170 | 3,761 | 3,931 | ||||||||||||||||||||||||||||||||
Total single-family residential | 1,280 | 4,102 | 5,382 | 172,743 | 178,125 | ||||||||||||||||||||||||||||||||
Commercial and industrial | 306 | 1,885 | 2,191 | 70,887 | 73,078 | ||||||||||||||||||||||||||||||||
Credit cards | - | 1 | 1 | - | 1 | ||||||||||||||||||||||||||||||||
All other consumer | 335 | 235 | 570 | 49,528 | 50,098 | ||||||||||||||||||||||||||||||||
Total consumer | 335 | 236 | 571 | 49,528 | 50,099 | ||||||||||||||||||||||||||||||||
Farmland | - | - | - | 3,394 | 3,394 | ||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions of the U.S. | - | - | - | 497 | 497 | ||||||||||||||||||||||||||||||||
Other | - | - | - | 6,868 | 6,868 | ||||||||||||||||||||||||||||||||
Total other | - | - | - | 10,759 | 10,759 | ||||||||||||||||||||||||||||||||
Loans, gross | $ | 3,202 | $ | 15,108 | $ | 18,310 | $ | 749,203 | $ | 767,513 | |||||||||||||||||||||||||||
Additional interest income of $757 thousand would have been reported during the year ended December 31, 2013 had loans classified as nonaccrual during the period performed in accordance with their current contractual terms. The Company’s earnings did not include this interest income. | |||||||||||||||||||||||||||||||||||||
The following table summarizes delinquencies, by class, at December 31, 2012 (in thousands). | |||||||||||||||||||||||||||||||||||||
30-89 days past due and still accruing | Greater than 90 days past due and not accruing (nonaccrual) | Total past due | Current | Total | |||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 175 | $ | 5,467 | $ | 5,642 | $ | 61,257 | $ | 66,899 | |||||||||||||||||||||||||||
Multifamily residential | 245 | - | 245 | 11,414 | 11,659 | ||||||||||||||||||||||||||||||||
Nonfarm nonresidential | 4,574 | 3,732 | 8,306 | 372,348 | 380,654 | ||||||||||||||||||||||||||||||||
Total commercial real estate | 4,994 | 9,199 | 14,193 | 445,019 | 459,212 | ||||||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | 245 | 816 | 1,061 | 58,690 | 59,751 | ||||||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 1,441 | 4,442 | 5,883 | 97,639 | 103,522 | ||||||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 99 | 299 | 398 | 4,509 | 4,907 | ||||||||||||||||||||||||||||||||
Total single-family residential | 1,785 | 5,557 | 7,342 | 160,838 | 168,180 | ||||||||||||||||||||||||||||||||
Commercial and industrial | 395 | 826 | 1,221 | 50,440 | 51,661 | ||||||||||||||||||||||||||||||||
Credit cards | - | 17 | 17 | - | 17 | ||||||||||||||||||||||||||||||||
All other consumer | 405 | 247 | 652 | 49,905 | 50,557 | ||||||||||||||||||||||||||||||||
Total consumer | 405 | 264 | 669 | 49,905 | 50,574 | ||||||||||||||||||||||||||||||||
Farmland | - | - | - | 3,171 | 3,171 | ||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions of the U.S. | - | - | - | 739 | 739 | ||||||||||||||||||||||||||||||||
Other | 1 | 2 | 3 | 5,518 | 5,521 | ||||||||||||||||||||||||||||||||
Total other | 1 | 2 | 3 | 9,428 | 9,431 | ||||||||||||||||||||||||||||||||
Total loans | $ | 7,580 | $ | 15,848 | $ | 23,428 | $ | 715,630 | $ | 739,058 | |||||||||||||||||||||||||||
Less: other loans held for sale | - | (776 | ) | (776 | ) | - | (776 | ) | |||||||||||||||||||||||||||||
Loans, gross | $ | 7,580 | $ | 15,072 | $ | 22,652 | $ | 715,630 | $ | 738,282 | |||||||||||||||||||||||||||
Troubled Debt Restructurings. The following table summarizes the carrying balance of troubled debt restructurings at the dates indicated (in thousands). | |||||||||||||||||||||||||||||||||||||
December 31, 2013 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||
Performing | Nonperforming | Total | Performing | Nonperforming | Total | ||||||||||||||||||||||||||||||||
Loans, gross | $ | 26,744 | $ | 2,184 | $ | 28,928 | $ | 30,154 | $ | 3,124 | $ | 33,278 | |||||||||||||||||||||||||
Loans classified as troubled debt restructurings may be removed from this status for disclosure purposes after a specified period of time if the restructured agreement specifies an interest rate equal to or greater than the rate that the lender was willing to accept at the time of the restructuring for a new loan with comparable risk, and the loan is performing in accordance with the terms specified by the restructured agreement. Subsequent to December 31, 2013 and through February 21, 2014, based on their consistent performance in accordance with their restructured terms, $406 thousand of troubled debt restructures were removed from this classification (these loans continue to be accounted for as impaired loans). | |||||||||||||||||||||||||||||||||||||
The following table summarizes troubled debt restructurings removed from this classification during the periods indicated (dollars in thousands). | |||||||||||||||||||||||||||||||||||||
For the years ended December 31 , | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Carrying balance | $ | 7,077 | $ | 6,018 | $ | 1,152 | |||||||||||||||||||||||||||||||
Count | 14 | 19 | 2 | ||||||||||||||||||||||||||||||||||
The following table summarizes, by class, loans that were modified resulting in troubled debt restructurings during the periods indicated (dollars in thousands). | |||||||||||||||||||||||||||||||||||||
For the years ended December 31, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Number of loans | Pre-modification outstanding recorded investment | Post-modification outstanding recorded investment | Number of loans | Pre-modification outstanding recorded investment | Post-modification outstanding recorded investment | Number of loans | Pre-modification outstanding recorded investment | Post-modification outstanding recorded investment | |||||||||||||||||||||||||||||
Construction, land development and other land loans | 1 | $ | 60 | $ | 60 | 1 | $ | 4,089 | $ | 4,089 | 6 | $ | 6,657 | $ | 6,657 | ||||||||||||||||||||||
Nonfarm nonresidential | 4 | 4,364 | 4,364 | 8 | 2,305 | 2,305 | 19 | 19,466 | 18,845 | ||||||||||||||||||||||||||||
Total commercial real estate | 5 | 4,424 | 4,424 | 9 | 6,394 | 6,394 | 25 | 26,123 | 25,502 | ||||||||||||||||||||||||||||
Single-family real estate | - | - | - | 4 | 715 | 715 | 21 | 1,964 | 1,964 | ||||||||||||||||||||||||||||
Commercial and industrial | 1 | 242 | 242 | 3 | 506 | 501 | 8 | 1,337 | 910 | ||||||||||||||||||||||||||||
Consumer | - | - | - | - | - | - | 3 | 44 | 44 | ||||||||||||||||||||||||||||
Total loans | 6 | $ | 4,666 | $ | 4,666 | 16 | $ | 7,615 | $ | 7,610 | 57 | $ | 29,468 | $ | 28,420 | ||||||||||||||||||||||
Less: other loans held for sale | - | - | - | - | - | - | 3 | 11,250 | 10,869 | ||||||||||||||||||||||||||||
Loans, gross | 6 | $ | 4,666 | $ | 4,666 | 16 | $ | 7,615 | $ | 7,610 | 54 | $ | 18,218 | $ | 17,551 | ||||||||||||||||||||||
The following table summarizes, by type of concession, loans that were modified resulting in troubled debt restructurings during the periods indicated (dollars in thousands). | |||||||||||||||||||||||||||||||||||||
For the years ended December 31, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Number of loans | Pre-modification outstanding recorded investment | Post-modification outstanding recorded investment | Number of loans | Pre-modification outstanding recorded investment | Post-modification outstanding recorded investment | Number of loans | Pre-modification outstanding recorded investment | Post-modification outstanding recorded investment | |||||||||||||||||||||||||||||
Rate concession | 1 | $ | 60 | $ | 60 | - | $ | - | $ | - | 5 | $ | 2,390 | $ | 2,390 | ||||||||||||||||||||||
Term concession | 5 | 4,606 | 4,606 | 6 | 5,047 | 5,047 | 28 | 11,589 | 11,162 | ||||||||||||||||||||||||||||
Rate and term concessions | - | - | - | 10 | 2,568 | 2,563 | 17 | 10,012 | 9,772 | ||||||||||||||||||||||||||||
Rate, term and required principal paydown concessions | - | - | - | - | - | - | 1 | 504 | 504 | ||||||||||||||||||||||||||||
Required principal paydown concession | - | - | - | - | - | - | 1 | 1,736 | 1,355 | ||||||||||||||||||||||||||||
Other | - | - | - | - | - | - | 5 | 3,237 | 3,237 | ||||||||||||||||||||||||||||
Total loans | 6 | $ | 4,666 | $ | 4,666 | 16 | $ | 7,615 | $ | 7,610 | 57 | $ | 29,468 | $ | 28,420 | ||||||||||||||||||||||
Less: other loans held for sale | - | - | - | - | - | - | 3 | 11,250 | 10,869 | ||||||||||||||||||||||||||||
Loans, gross | 6 | $ | 4,666 | $ | 4,666 | 16 | $ | 7,615 | $ | 7,610 | 54 | $ | 18,218 | $ | 17,551 | ||||||||||||||||||||||
The following table summarizes, by class, loans that were modified resulting in troubled debt restructurings within the previous 12-month period for which there was a payment default during the periods indicated (dollars in thousands). | |||||||||||||||||||||||||||||||||||||
For the years ended December 31, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||||||||||||
loans | investment | loans | investment | loans | investment | ||||||||||||||||||||||||||||||||
Construction, land development and other land loans | 1 | $ | 56 | - | $ | - | - | $ | - | ||||||||||||||||||||||||||||
Nonfarm nonresidential | - | - | 2 | 2,122 | 5 | 5,760 | |||||||||||||||||||||||||||||||
Total commercial real estate | 1 | 56 | 2 | 2,122 | 5 | 5,760 | |||||||||||||||||||||||||||||||
Single-family real estate | 1 | 404 | 2 | 293 | 8 | 966 | |||||||||||||||||||||||||||||||
Commercial and industrial | 1 | 127 | - | - | 6 | 619 | |||||||||||||||||||||||||||||||
Consumer | - | - | - | - | - | - | |||||||||||||||||||||||||||||||
Total loans | 3 | $ | 587 | 4 | $ | 2,415 | 19 | $ | 7,345 | ||||||||||||||||||||||||||||
Less: other loans held for sale | - | - | - | - | 1 | 2,979 | |||||||||||||||||||||||||||||||
Loans, gross | 3 | $ | 587 | 4 | $ | 2,415 | 18 | $ | 4,366 | ||||||||||||||||||||||||||||
Impaired Loans. The following tables summarize the composition of impaired loans, including other loans held for sale, at the dates indicated (in thousands). | |||||||||||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||||||
Performing troubled debt restructured loans | Nonperforming troubled debt restructured loans | Nonperforming other loans | Performing other loans | Total | |||||||||||||||||||||||||||||||||
Loans, gross | $ | 26,744 | $ | 2,184 | $ | 6,580 | $ | 9,187 | $ | 44,695 | |||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Performing troubled debt restructured loans | Nonperforming troubled debt restructured loans | Nonperforming other loans | Performing other loans | Total | |||||||||||||||||||||||||||||||||
Loans, gross | $ | 30,154 | $ | 3,124 | $ | 2,628 | $ | 5,413 | $ | 41,319 | |||||||||||||||||||||||||||
Other loans held for sale | - | - | 776 | - | 776 | ||||||||||||||||||||||||||||||||
Total impaired loans | $ | 30,154 | $ | 3,124 | $ | 3,404 | $ | 5,413 | $ | 42,095 | |||||||||||||||||||||||||||
The following table summarizes the composition of and information relative to impaired loans, by class, at December 31, 2013 (in thousands). | |||||||||||||||||||||||||||||||||||||
Loans, gross | |||||||||||||||||||||||||||||||||||||
Recorded | Unpaid principal balance | Related | |||||||||||||||||||||||||||||||||||
investment | allowance | ||||||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 3,244 | $ | 6,503 | |||||||||||||||||||||||||||||||||
Multifamily residential | 181 | 239 | |||||||||||||||||||||||||||||||||||
Nonfarm nonresidential | 17,414 | 24,422 | |||||||||||||||||||||||||||||||||||
Total commercial real estate | 20,839 | 31,164 | |||||||||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | - | - | |||||||||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 1,369 | 5,811 | |||||||||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | - | - | |||||||||||||||||||||||||||||||||||
Total single-family residential | 1,369 | 5,811 | |||||||||||||||||||||||||||||||||||
Commercial and industrial | 753 | 1,150 | |||||||||||||||||||||||||||||||||||
Consumer | 7 | 7 | |||||||||||||||||||||||||||||||||||
Total impaired loans with no related allowance recorded | $ | 22,968 | $ | 38,132 | |||||||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 260 | $ | 260 | $ | 68 | |||||||||||||||||||||||||||||||
Multifamily residential | - | - | - | ||||||||||||||||||||||||||||||||||
Nonfarm nonresidential | 18,839 | 18,839 | 1,668 | ||||||||||||||||||||||||||||||||||
Total commercial real estate | 19,099 | 19,099 | 1,736 | ||||||||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | 404 | 404 | 83 | ||||||||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 323 | 323 | 18 | ||||||||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 195 | 195 | 62 | ||||||||||||||||||||||||||||||||||
Total single-family residential | 922 | 922 | 163 | ||||||||||||||||||||||||||||||||||
Commercial and industrial | 1,680 | 2,980 | 644 | ||||||||||||||||||||||||||||||||||
Consumer | 26 | 26 | 12 | ||||||||||||||||||||||||||||||||||
Total impaired loans with an allowance recorded | $ | 21,727 | $ | 23,027 | $ | 2,555 | |||||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 3,504 | $ | 6,763 | $ | 68 | |||||||||||||||||||||||||||||||
Multifamily residential | 181 | 239 | - | ||||||||||||||||||||||||||||||||||
Nonfarm nonresidential | 36,253 | 43,261 | 1,668 | ||||||||||||||||||||||||||||||||||
Total commercial real estate | 39,938 | 50,263 | 1,736 | ||||||||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | 404 | 404 | 83 | ||||||||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 1,692 | 6,134 | 18 | ||||||||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 195 | 195 | 62 | ||||||||||||||||||||||||||||||||||
Total single-family residential | 2,291 | 6,733 | 163 | ||||||||||||||||||||||||||||||||||
Commercial and industrial | 2,433 | 4,130 | 644 | ||||||||||||||||||||||||||||||||||
Consumer | 33 | 33 | 12 | ||||||||||||||||||||||||||||||||||
Total impaired loans | $ | 44,695 | $ | 61,159 | $ | 2,555 | |||||||||||||||||||||||||||||||
Interest income recognized on impaired loans during the year ended December 31, 2013 was $1.6 million. The average balance of total impaired loans was $44.7 million for the same period. | |||||||||||||||||||||||||||||||||||||
The following table summarizes the composition of and information relative to impaired loans, by class, at December 31, 2012 (in thousands). | |||||||||||||||||||||||||||||||||||||
Loans, gross | Other loans held for sale | Total | |||||||||||||||||||||||||||||||||||
Recorded investment | Unpaid principal balance | Related allowance | Recorded investment | Unpaid principal balance | Recorded investment | Unpaid principal balance | Related allowance | ||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 3,732 | $ | 16,005 | $ | 776 | $ | 8,656 | $ | 4,508 | $ | 24,661 | |||||||||||||||||||||||||
Multifamily residential | - | - | - | - | - | - | |||||||||||||||||||||||||||||||
Nonfarm nonresidential | 18,012 | 24,275 | - | - | 18,012 | 24,275 | |||||||||||||||||||||||||||||||
Total commercial real estate | 21,744 | 40,280 | 776 | 8,656 | 22,520 | 48,936 | |||||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | - | - | - | - | - | - | |||||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 1,963 | 6,408 | - | - | 1,963 | 6,408 | |||||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 31 | 31 | - | - | 31 | 31 | |||||||||||||||||||||||||||||||
Total single-family residential | 1,994 | 6,439 | - | - | 1,994 | 6,439 | |||||||||||||||||||||||||||||||
Commercial and industrial | 674 | 1,101 | - | - | 674 | 1,101 | |||||||||||||||||||||||||||||||
Consumer | 18 | 18 | 18 | 18 | |||||||||||||||||||||||||||||||||
Total impaired loans with no related allowance recorded | $ | 24,430 | $ | 47,838 | $ | 776 | $ | 8,656 | $ | 25,206 | $ | 56,494 | |||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 254 | $ | 254 | $ | 68 | $ | 254 | $ | 254 | $ | 68 | |||||||||||||||||||||||||
Multifamily residential | 246 | 246 | 76 | 246 | 246 | 76 | |||||||||||||||||||||||||||||||
Nonfarm nonresidential | 14,309 | 14,309 | 2,055 | 14,309 | 14,309 | 2,055 | |||||||||||||||||||||||||||||||
Total commercial real estate | 14,809 | 14,809 | 2,199 | 14,809 | 14,809 | 2,199 | |||||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | 404 | 404 | - | 404 | 404 | - | |||||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 707 | 707 | 54 | 707 | 707 | 54 | |||||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 173 | 173 | 162 | 173 | 173 | 162 | |||||||||||||||||||||||||||||||
Total single-family residential | 1,284 | 1,284 | 216 | 1,284 | 1,284 | 216 | |||||||||||||||||||||||||||||||
Commercial and industrial | 776 | 776 | 58 | 776 | 776 | 58 | |||||||||||||||||||||||||||||||
Consumer | 20 | 20 | 4 | 20 | 20 | 4 | |||||||||||||||||||||||||||||||
Total impaired loans with an allowance recorded | $ | 16,889 | $ | 16,889 | $ | 2,477 | $ | 16,889 | $ | 16,889 | $ | 2,477 | |||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 3,986 | $ | 16,259 | $ | 68 | $ | 776 | $ | 8,656 | $ | 4,762 | $ | 24,915 | $ | 68 | |||||||||||||||||||||
Multifamily residential | 246 | 246 | 76 | - | - | 246 | 246 | 76 | |||||||||||||||||||||||||||||
Nonfarm nonresidential | 32,321 | 38,584 | 2,055 | - | - | 32,321 | 38,584 | 2,055 | |||||||||||||||||||||||||||||
Total commercial real estate | 36,553 | 55,089 | 2,199 | 776 | 8,656 | 37,329 | 63,745 | 2,199 | |||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | 404 | 404 | - | - | - | 404 | 404 | - | |||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 2,670 | 7,115 | 54 | - | - | 2,670 | 7,115 | 54 | |||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 204 | 204 | 162 | - | - | 204 | 204 | 162 | |||||||||||||||||||||||||||||
Total single-family residential | 3,278 | 7,723 | 216 | - | - | 3,278 | 7,723 | 216 | |||||||||||||||||||||||||||||
Commercial and industrial | 1,450 | 1,877 | 58 | - | - | 1,450 | 1,877 | 58 | |||||||||||||||||||||||||||||
Consumer | 38 | 38 | 4 | - | - | 38 | 38 | 4 | |||||||||||||||||||||||||||||
Total impaired loans | $ | 41,319 | $ | 64,727 | $ | 2,477 | $ | 776 | $ | 8,656 | $ | 42,095 | $ | 73,383 | $ | 2,477 | |||||||||||||||||||||
Interest income recognized on impaired loans during the year ended December 31, 2012 was $1.8 million. The average balance of total impaired loans was $62.4 million for the same period. | |||||||||||||||||||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||||||||||||||
The following tables summarize the allowance for loan losses and recorded investment in gross loans, by portfolio segment, at the dates and for the periods indicated (in thousands). | |||||||||||||||||||||||||||||||||||||
For the year ended December 31, 2013 | |||||||||||||||||||||||||||||||||||||
Commercial | Single-family | Commercial and | |||||||||||||||||||||||||||||||||||
real estate | residential | industrial | Consumer | Other | Total | ||||||||||||||||||||||||||||||||
Allowance for loan losses, beginning of period | $ | 12,317 | $ | 3,140 | $ | 1,264 | $ | 1,093 | $ | 11 | $ | 17,825 | |||||||||||||||||||||||||
Provision for loan losses | (263 | ) | 580 | 2,697 | 172 | 279 | 3,465 | ||||||||||||||||||||||||||||||
Loan charge-offs | 1,780 | 731 | 2,426 | 285 | 669 | 5,891 | |||||||||||||||||||||||||||||||
Loan recoveries | 291 | 135 | 147 | 138 | 375 | 1,086 | |||||||||||||||||||||||||||||||
Net loans charged-off | 1,489 | 596 | 2,279 | 147 | 294 | 4,805 | |||||||||||||||||||||||||||||||
Allowance for loan losses, end of period | $ | 10,565 | $ | 3,124 | $ | 1,682 | $ | 1,118 | $ | (4 | ) | $ | 16,485 | ||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||||||
Commercial | Single-family | Commercial and | |||||||||||||||||||||||||||||||||||
real estate | residential | industrial | Consumer | Other | Total | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,736 | $ | 163 | $ | 644 | $ | 12 | $ | - | $ | 2,555 | |||||||||||||||||||||||||
Collectively evaluated for impairment | 8,829 | 2,961 | 1,038 | 1,106 | (4 | ) | 13,930 | ||||||||||||||||||||||||||||||
Allowance for loan losses, end of period | $ | 10,565 | $ | 3,124 | $ | 1,682 | $ | 1,118 | $ | (4 | ) | $ | 16,485 | ||||||||||||||||||||||||
Individually evaluated for impairment | $ | 39,938 | $ | 2,291 | $ | 2,433 | $ | 33 | $ | - | $ | 44,695 | |||||||||||||||||||||||||
Collectively evaluated for impairment | 415,514 | 175,834 | 70,645 | 50,066 | 10,759 | 722,818 | |||||||||||||||||||||||||||||||
Loans, gross | $ | 455,452 | $ | 178,125 | $ | 73,078 | $ | 50,099 | $ | 10,759 | $ | 767,513 | |||||||||||||||||||||||||
For the year ended December 31, 2012 | |||||||||||||||||||||||||||||||||||||
Commercial | Single-family | Commercial and | |||||||||||||||||||||||||||||||||||
real estate | residential | industrial | Consumer | Other | Total | ||||||||||||||||||||||||||||||||
Allowance for loan losses, beginning of period | $ | 18,026 | $ | 4,488 | $ | 1,862 | $ | 1,209 | $ | 11 | $ | 25,596 | |||||||||||||||||||||||||
Provision for loan losses | 11,630 | 1,318 | (390 | ) | 277 | 240 | 13,075 | ||||||||||||||||||||||||||||||
Loan charge-offs | 17,548 | 3,314 | 376 | 586 | 696 | 22,520 | |||||||||||||||||||||||||||||||
Loan recoveries | 209 | 648 | 168 | 193 | 456 | 1,674 | |||||||||||||||||||||||||||||||
Net loans charged-off | 17,339 | 2,666 | 208 | 393 | 240 | 20,846 | |||||||||||||||||||||||||||||||
Allowance for loan losses, end of period | $ | 12,317 | $ | 3,140 | $ | 1,264 | $ | 1,093 | $ | 11 | $ | 17,825 | |||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Commercial | Single-family | Commercial and | |||||||||||||||||||||||||||||||||||
real estate | residential | industrial | Consumer | Other | Total | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 2,199 | $ | 216 | $ | 58 | $ | 4 | $ | - | $ | 2,477 | |||||||||||||||||||||||||
Collectively evaluated for impairment | 10,118 | 2,924 | 1,206 | 1,089 | 11 | 15,348 | |||||||||||||||||||||||||||||||
Allowance for loan losses, end of period | $ | 12,317 | $ | 3,140 | $ | 1,264 | $ | 1,093 | $ | 11 | $ | 17,825 | |||||||||||||||||||||||||
Individually evaluated for impairment | $ | 36,553 | $ | 3,278 | $ | 1,450 | $ | 38 | $ | - | $ | 41,319 | |||||||||||||||||||||||||
Collectively evaluated for impairment | 421,883 | 164,902 | 50,211 | 50,536 | 9,431 | 696,963 | |||||||||||||||||||||||||||||||
Loans, gross | $ | 458,436 | $ | 168,180 | $ | 51,661 | $ | 50,574 | $ | 9,431 | $ | 738,282 | |||||||||||||||||||||||||
Note_6_Other_Loans_Held_for_Sa
Note 6 - Other Loans Held for Sale and Valuation Allowance | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Loans Held For Sale And Valuation Allowance Disclosure [Abstract] | ' | ||||||||
Loans Held For Sale And Valuation Allowance Disclosure [Text Block] | ' | ||||||||
6. Other Loans Held for Sale and Valuation Allowance | |||||||||
At December 31, 2012, other loans held for sale consisted of two commercial real estate loans that were sold during 2013 at a gain of $326 thousand. | |||||||||
The following table summarizes activity within other loans held for sale and the related valuation allowance at the dates and for the periods indicated (in thousands). | |||||||||
Other loans held | Valuation allowance | ||||||||
for sale, gross | on other loans | ||||||||
held for sale | |||||||||
Balance, December 31, 2011 | $ | 16,739 | $ | 2,561 | |||||
Additions: | |||||||||
Gross loans transferred to other loans held for sale related to branch sales | 7,508 | - | |||||||
SBA loans transferred to other loans held for sale | 1,668 | - | |||||||
Other gross loans transferred to other loans held for sale | 12,214 | - | |||||||
Writedowns on other loans held for sale included in valuation allowance, net | - | 1,437 | |||||||
Total additions | 21,390 | 1,437 | |||||||
Reductions: | |||||||||
Proceeds from sales of other loans held for sale | 22,100 | 874 | |||||||
Proceeds from sales of SBA loans | 1,830 | - | |||||||
Transfers to foreclosed real estate | 1,814 | - | |||||||
Other loans held for sale transferred to gross loans | 7,717 | 1,574 | |||||||
Loss on sales of and direct writedowns on other loans held for sale | 2,434 | - | |||||||
Gain on sales of SBA loans | (162 | ) | - | ||||||
Net paydowns | 108 | 38 | |||||||
Total reductions | 35,841 | 2,486 | |||||||
Balance, December 31, 2012 | $ | 2,288 | $ | 1,512 | |||||
Additions: | |||||||||
SBA loans transferred to other loans held for sale | 2,015 | - | |||||||
Total additions | 2,015 | - | |||||||
Reductions: | |||||||||
Proceeds from sales of other loans held for sale | 2,614 | 1,512 | |||||||
Proceeds from sales of SBA loans | 2,222 | - | |||||||
Gain on sales of other loans held for sale | (326 | ) | - | ||||||
Gain on sales of SBA loans | (207 | ) | - | ||||||
Total reductions | 4,303 | 1,512 | |||||||
Balance, December 31, 2013 | $ | - | $ | - | |||||
The Company originates and sells loans partially guaranteed by the SBA, an agency of the United States (“U.S.”) government. The Company may sell the guaranteed portion of these loans into the secondary market. There were no SBA loans included in other loans held for sale at December 31, 2013 and 2012. |
Note_7_Premises_and_Equipment_
Note 7 - Premises and Equipment, net | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | ||||||||
7. Premises and Equipment, net | |||||||||
The following table summarizes premises and equipment balances, net at the dates indicated (in thousands). | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Land | $ | 5,521 | $ | 5,581 | |||||
Buildings | 19,395 | 19,541 | |||||||
Leasehold improvements | 3,746 | 4,309 | |||||||
Furniture and equipment | 13,259 | 12,640 | |||||||
Software | 5,344 | 4,971 | |||||||
Bank automobiles | 95 | 95 | |||||||
Capital lease asset | 1,396 | 1,378 | |||||||
Premises and equipment, gross | $ | 48,756 | $ | 48,515 | |||||
Accumulated depreciation | (25,389 | ) | (23,719 | ) | |||||
Premises and equipment, net | $ | 23,367 | $ | 24,796 | |||||
At December 31, 2013, the Bank provided commercial and consumer banking products and services through 25 branches of which five were leased and 20 were owned. | |||||||||
Depreciation expense for the years ended December 31, 2013, 2012 and 2011 was $2.6 million, $2.5 million and $2.5 million, respectively. |
Note_8_LongLived_Assets_Held_f
Note 8 - Long-Lived Assets Held for Sale | 12 Months Ended |
Dec. 31, 2013 | |
Long Lived Assets Held For Sale [Abstract] | ' |
Long Lived Assets Held For Sale [Text Block] | ' |
8. Long-Lived Assets Held for Sale | |
At December 31, 2013, the Company was marketing for sale a vacant parcel of land with a net book value of $562 thousand and a branch facility with a net book value of $123 thousand that was vacated as a result of the Company’s branch reduction efforts in 2012. |
Note_9_Servicing_Rights
Note 9 - Servicing Rights | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||||||
Other Assets Disclosure [Text Block] | ' | ||||||||||||
9. Servicing Rights | |||||||||||||
Residential Mortgage-Servicing Rights | |||||||||||||
The book value of residential mortgage-servicing rights was $2.4 million and $2.6 million at December 31, 2013 and 2012, respectively. Residential mortgage-servicing rights are included in Other assets in the Consolidated Balance Sheets. The estimated fair value of residential mortgage-servicing rights was $3.8 million and $3.1 million at December 31, 2013 and 2012, respectively. | |||||||||||||
The following table summarizes the changes in residential mortgage-servicing rights at the dates and for the periods indicated (in thousands). | |||||||||||||
At and for the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Mortgage-servicing rights portfolio, net of valuation allowance, beginning of period | $ | 2,584 | $ | 2,586 | $ | 2,896 | |||||||
Capitalized mortgage-servicing rights | 612 | 864 | 465 | ||||||||||
Mortgage-servicing rights portfolio amortization and impairment | (765 | ) | (866 | ) | (775 | ) | |||||||
Mortgage-servicing rights portfolio, net of valuation allowance, end of period | $ | 2,431 | $ | 2,584 | $ | 2,586 | |||||||
The following table summarizes the estimated future amortization expense of residential mortgage-servicing rights, net of the valuation allowance for impairment, at December 31, 2013 during the periods indicated (in thousands). | |||||||||||||
For the years ended December 31, | |||||||||||||
2014 | $ | 696 | |||||||||||
2015 | 560 | ||||||||||||
2016 | 447 | ||||||||||||
2017 | 354 | ||||||||||||
2018 | 277 | ||||||||||||
Thereafter | 97 | ||||||||||||
$ | 2,431 | ||||||||||||
The following table summarizes the activity in the valuation allowance for impairment of the residential mortgage-servicing rights portfolio at the dates and for the periods indicated (in thousands). | |||||||||||||
At and for the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Valuation allowance, beginning of period | $ | 41 | $ | 39 | $ | 39 | |||||||
Additions charged (reduction credited) to operations | (10 | ) | 2 | - | |||||||||
Valuation allowance, end of period | $ | 31 | $ | 41 | $ | 39 | |||||||
SBA Servicing Rights | |||||||||||||
The book value of SBA servicing rights was $64 thousand and $39 thousand at December 31, 2013 and 2012, respectively. SBA servicing rights are included in Other assets in the Consolidated Balance Sheets. The estimated fair value of SBA servicing rights was $69 thousand at December 31, 2013. | |||||||||||||
The following table summarizes the changes in SBA servicing rights at the dates and for the periods indicated (in thousands). | |||||||||||||
At and for the years ended December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
SBA servicing rights portfolio, net of valuation allowance, beginning of period | $ | 39 | $ | - | |||||||||
Capitalized SBA servicing rights | 47 | 40 | |||||||||||
SBA servicing rights portfolio amortization and impairment | (22 | ) | (1 | ) | |||||||||
SBA servicing rights portfolio, net of valuation allowance, end of period | $ | 64 | $ | 39 | |||||||||
The following table summarizes the estimated future amortization expense of SBA servicing rights (without regard to the valuation allowance for impairment) at December 31, 2013 during the periods indicated (in thousands). | |||||||||||||
For the years ended December 31, | |||||||||||||
2014 | $ | 12 | |||||||||||
2015 | 11 | ||||||||||||
2016 | 10 | ||||||||||||
2017 | 9 | ||||||||||||
2018 | 7 | ||||||||||||
Thereafter | 23 | ||||||||||||
$ | 72 | ||||||||||||
The following table summarizes the activity in the valuation allowance for impairment of the SBA servicing rights portfolio at the dates and for the periods indicated (in thousands). | |||||||||||||
At and for the | |||||||||||||
year ended | |||||||||||||
December 31, | |||||||||||||
2013 | |||||||||||||
Valuation allowance, beginning of period | $ | - | |||||||||||
Additions charged to operations | 8 | ||||||||||||
Valuation allowance, end of period | $ | 8 | |||||||||||
Note_10_Foreclosed_Real_Estate
Note 10 - Foreclosed Real Estate and Repossessed Personal Property | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Foreclosed Real Estate And Repossessed Personal Property [Abstract] | ' | ||||||||||||
Foreclosed Real Estate And Repossessed Personal Property [Text Block] | ' | ||||||||||||
10. Foreclosed Real Estate and Repossessed Personal Property | |||||||||||||
Composition | |||||||||||||
The following table summarizes foreclosed real estate and repossessed personal property at the dates indicated (in thousands). Repossessed personal property is included in Other assets in the Consolidated Balance Sheets. | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Foreclosed real estate | $ | 7,502 | $ | 10,911 | |||||||||
Repossessed personal property | 43 | 81 | |||||||||||
Total foreclosed real estate and repossessed personal property | $ | 7,545 | $ | 10,992 | |||||||||
Included in foreclosed real estate at December 31, 2013 and 2012 were 77 and 80 residential lots with an aggregate net book value of $6.5 million and $8.5 million, respectively, in three separate communities related to one real estate development. | |||||||||||||
Foreclosed Real Estate Activity | |||||||||||||
The following table summarizes changes in foreclosed real estate at the dates and for the periods indicated (in thousands). | |||||||||||||
At and for the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Foreclosed real estate, beginning of period | $ | 10,911 | $ | 27,663 | $ | 19,983 | |||||||
Plus: new foreclosed real estate | 2,541 | 5,389 | 27,163 | ||||||||||
Less: proceeds from sale of foreclosed real estate | (2,973 | ) | (13,524 | ) | (13,397 | ) | |||||||
Plus: gain on sale of foreclosed real estate | 142 | 729 | (41 | ) | |||||||||
Less: writedowns and losses charged to expense | (3,119 | ) | (9,346 | ) | (6,045 | ) | |||||||
Foreclosed real estate, end of period | $ | 7,502 | $ | 10,911 | $ | 27,663 | |||||||
Note_11_BankOwned_Life_Insuran
Note 11 - Bank-Owned Life Insurance | 12 Months Ended |
Dec. 31, 2013 | |
Investments, All Other Investments [Abstract] | ' |
Life Insurance, Corporate or Bank Owned [Text Block] | ' |
11. Bank-Owned Life Insurance | |
The Company has two fully-funded general account life insurance policies on certain members of its leadership team. The Company paid all premiums on these policies during 2013 and is the sole beneficiary. Each policy was funded with a premium of $5.0 million paid to AA+ rated insurance companies. The policies are reflected in the Consolidated Balance Sheets at the cash surrender value of $10.0 million at December 31, 2013. | |
In addition, the Company has fully-funded life insurance policies on two former members of executive management who are now retired from the Company. At both December 31, 2013 and 2012, the cash surrender value of these policies totaled $1.6 million. |
Note_12_Deposits
Note 12 - Deposits | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||
Deposit Liabilities Disclosures [Text Block] | ' | ||||||||||||
12. Deposits | |||||||||||||
Composition | |||||||||||||
The following table summarizes the composition of deposits at the dates indicated (in thousands). | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Transaction deposits | $ | 494,289 | $ | 483,844 | |||||||||
Money market deposits | 136,476 | 129,708 | |||||||||||
Savings deposits | 79,760 | 70,646 | |||||||||||
Time deposits $100,000 and greater | 79,654 | 179,242 | |||||||||||
Time deposits less than $100,000 | 117,181 | 159,802 | |||||||||||
Total deposits | $ | 907,360 | $ | 1,023,242 | |||||||||
At December 31, 2013 and 2012, $564 thousand and $554 thousand, respectively, of overdrawn transaction deposit accounts were reclassified to loans. There were no brokered deposits at December 31, 2013 or 2012. | |||||||||||||
Time Deposit Maturities | |||||||||||||
The following table summarizes the maturity distribution of time deposit accounts at December 31, 2013 during the periods indicated (in thousands). | |||||||||||||
For the years ended December 31, | |||||||||||||
2014 | $ | 140,297 | |||||||||||
2015 | 18,752 | ||||||||||||
2016 | 15,592 | ||||||||||||
2017 | 15,204 | ||||||||||||
2018 | 6,935 | ||||||||||||
Thereafter | 55 | ||||||||||||
$ | 196,835 | ||||||||||||
Jumbo Time Deposits | |||||||||||||
Jumbo time deposits are accounts with balances totaling $100,000 or greater at the date indicated. The following table summarizes jumbo time deposit accounts by maturity at December 31, 2013 during the periods indicated (in thousands). | |||||||||||||
Three months or less | $ | 23,921 | |||||||||||
Over three months through six months | 12,023 | ||||||||||||
Over six months through twelve months | 14,053 | ||||||||||||
Twelve months or less | 49,997 | ||||||||||||
Over twelve months | 29,657 | ||||||||||||
Total jumbo time deposits | $ | 79,654 | |||||||||||
Interest Expense on Deposit Accounts | |||||||||||||
The following table summarizes interest expense on deposits for the periods indicated (in thousands). | |||||||||||||
For the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Transaction deposits | $ | 39 | $ | 39 | $ | 109 | |||||||
Money market deposits | 32 | 47 | 198 | ||||||||||
Savings deposits | 10 | 9 | 32 | ||||||||||
Time deposits | 2,176 | 5,041 | 8,995 | ||||||||||
Total interest expense on deposits | $ | 2,257 | $ | 5,136 | $ | 9,334 | |||||||
Note_13_Borrowings
Note 13 - Borrowings | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||
Debt Disclosure [Text Block] | ' | ||||||||||||
13. Borrowings | |||||||||||||
The following table provides detail with respect to borrowings at the dates and for the periods indicated (dollars in thousands). | |||||||||||||
At and for the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Retail repurchase agreements | |||||||||||||
Amount outstanding at year-end | $ | 18,175 | $ | 15,357 | $ | 23,858 | |||||||
Average amount outstanding during year | 18,916 | 20,485 | 24,403 | ||||||||||
Maximum amount outstanding at any month-end | 24,640 | 27,985 | 24,798 | ||||||||||
Rate paid at year-end | 0.01 | % | 0.01 | % | 0.01 | % | |||||||
Weighted average rate paid during the year | 0.01 | 0.01 | 0.08 | ||||||||||
FHLB advances | |||||||||||||
Amount outstanding at year-end | $ | 35,000 | $ | - | $ | - | |||||||
Average amount outstanding during year | 425 | 1 | 2,027 | ||||||||||
Maximum amount outstanding at any month-end | 35,000 | - | 5,000 | ||||||||||
Rate paid at year-end | 0.17 | % | - | % | - | % | |||||||
Weighted average rate paid during the year | 0.24 | - | 3.55 | ||||||||||
Other borrowings | |||||||||||||
Amount outstanding at year-end | $ | - | $ | - | $ | - | |||||||
Average amount outstanding during year | 159 | 30 | 11 | ||||||||||
Maximum amount outstanding at any month-end | - | - | - | ||||||||||
Rate paid at year-end | - | % | - | % | - | % | |||||||
Weighted average rate paid during the year | - | - | - | ||||||||||
Retail Repurchase Agreements | |||||||||||||
Retail repurchase agreements represent overnight secured borrowing arrangements between the Bank and certain clients. Retail repurchase agreements are securities transactions, not insured deposits. | |||||||||||||
FHLB Advances | |||||||||||||
As disclosed in Note 4, Investment Securities Available for Sale, and Note 5, Loans, the Bank pledges investment securities and loans to collateralize FHLB advances. Additionally, the Bank may pledge cash and cash equivalents. The amount that can be borrowed is based on the balance of the type of asset pledged as collateral multiplied by lendable collateral value percentages as calculated by the FHLB. In September 2013, the Bank’s borrowing capacity with the FHLB was increased to 25% of total assets from its previous capacity of 15% of total assets. | |||||||||||||
The following table summarizes the utilization and availability of funds borrowed from the FHLB at the dates indicated (in thousands). | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Available lendable loan collateral value pledged to serve against FHLB advances | $ | 90,225 | $ | 79,922 | |||||||||
Available lendable investment security collateral value pledged to serve against FHLB advances | - | - | |||||||||||
Total lendable collateral value pledged to serve against FHLB advances | 90,225 | 79,922 | |||||||||||
FHLB advances | 35,000 | - | |||||||||||
Excess lendable collateral value pledged to serve against FHLB advances | $ | 55,225 | $ | 79,922 | |||||||||
At December 31, 2013, the Bank’s FHLB advances were scheduled to mature in January 2014 and had a weighted-average interest rate of 0.17%. In January 2014, the matured advances were replaced with FHLB advances maturing between February 2014 and July 2014 with a weighted-average interest rate of 0.23%. | |||||||||||||
Federal Reserve Discount Window | |||||||||||||
At December 31, 2013 and 2012, $2.2 million and $4.1 million of loans and investment securities were pledged as collateral to cover the various Federal Reserve services that are available for use by the Bank, respectively. Of these amounts, $2.1 million and $3.9 million were available as lendable collateral, respectively. The Bank’s borrowings from the Federal Reserve Discount Window (“Discount Window”) are at the primary credit rate. Primary credit is available through the Discount Window to generally sound depository institutions on a very short-term basis, typically overnight, at a rate above the Federal Open Market Committee target rate for federal funds. The Bank’s maximum maturity for potential borrowings is overnight. The Bank has not drawn on this availability since its initial establishment in 2009 other than to periodically test its ability to access the line. The Federal Reserve has the discretion to deny approval of borrowing requests. | |||||||||||||
Other Borrowings | |||||||||||||
Other borrowings generally consist of outstanding borrowings on correspondent bank lines of credit. At December 31, 2012, the Bank had access to three secured and one unsecured lines of credit from three correspondent banks totaling $50 million. During 2013, the Bank obtained an additional unsecured line of credit of $10 million resulting in total lines of credit of $60 million at December 31, 2013. None of the lines of credit were utilized as of either date. These correspondent bank funding sources may be canceled at any time at the correspondent bank’s discretion. |
Note_14_Shareholders_Equity
Note 14 - Shareholders' Equity | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||
Stockholders' Equity Note Disclosure [Text Block] | ' | ||||||||||||
14. Shareholders’ Equity | |||||||||||||
Common Shares | |||||||||||||
At December 31, 2013, the Company had 75,000,000 authorized shares of common stock of which 12,784,605 were issued and outstanding. As of February 21, 2014 the Company has reserved a total of 583,155 shares for future issuance under various equity incentive plans. | |||||||||||||
For disclosure regarding actual and potential share issuances under the Company’s equity award plans, see Note 17, Equity-Based Compensation. | |||||||||||||
Accumulated Other Comprehensive Income (Loss) | |||||||||||||
The following table summarizes the components of accumulated other comprehensive income (loss), net of tax at the dates indicated (in thousands). | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Net unrealized gain (loss) on investment securities available for sale | $ | (2,990 | ) | $ | 1,491 | $ | 6,678 | ||||||
Net unrealized defined benefit pension plan actuarial loss | (7,303 | ) | (8,208 | ) | (9,048 | ) | |||||||
Total accumulated other comprehensive income (loss), net of tax | $ | (10,293 | ) | $ | (6,717 | ) | $ | (2,370 | ) | ||||
Authorized Preferred Shares | |||||||||||||
The Company has authorized for issuance 2,500,000 shares of preferred stock with such preferences, limitations and relative rights within legal limits of the class, or one or more series within the class, as are set by the Board of Directors. To date, the Company has not issued any preferred shares. | |||||||||||||
Cash Dividends | |||||||||||||
Dividends from the Bank are the Company’s primary source of funds for payment of dividends to its common shareholders. The Bank is currently prohibited from paying dividends to the Company without the prior approval of the FDIC and the South Carolina State Board of Financial Institutions (the “State Board” and together with the FDIC, the “Supervisory Authorities”). |
Note_15_Income_Taxes
Note 15 - Income Taxes | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||||||
15. Income Taxes | |||||||||||||
The following table summarizes income tax expense (benefit) attributable to continuing operations for the periods indicated (in thousands). | |||||||||||||
For the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Current income tax expense (benefit) | |||||||||||||
Federal | $ | 181 | $ | - | $ | (1 | ) | ||||||
State | 1,238 | - | - | ||||||||||
Total current expense (benefit) | 1,419 | - | (1 | ) | |||||||||
Deferred income tax expense (benefit) | |||||||||||||
Federal | (19,798 | ) | 2,721 | (2,663 | ) | ||||||||
State | (36 | ) | - | - | |||||||||
Total deferred expense (benefit) | (19,834 | ) | 2,721 | (2,663 | ) | ||||||||
Total current and deferred expense (benefit) | $ | (18,415 | ) | $ | 2,721 | $ | (2,664 | ) | |||||
For the year ended December 31, 2013, the deferred income tax benefit of $19.8 million consisted primarily of a $22.4 million decrease in the valuation allowance previously required against the net deferred tax asset as of December 31, 2012. As of December 31, 2013, we determined that no vauation allowance was necessary due to sustained trends in quarterly profitability, projected reversals of existing taxable temporary differences and projections of future taxable income. The deferred income tax benefit was partially offset by a decrease in net deferred tax assets arising during 2013. | |||||||||||||
No excess tax benefit from equity-based awards were recorded in shareholders’ equity during the years ended December 31, 2013, 2012 and 2011. | |||||||||||||
The following table reconciles the Company’s statutory federal income tax rate to the effective income tax rate for the periods indicated. | |||||||||||||
For the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
U.S. statutory federal income tax rate | 35 | % | 35 | % | 35 | % | |||||||
Changes from statutory rates resulting from: | |||||||||||||
State income tax, net of federal benefit | 8.6 | - | - | ||||||||||
Tax-exempt income | (1.5 | ) | (74.1 | ) | 4.5 | ||||||||
Expenses not deductible for tax purposes | 0.3 | 2.6 | (0.2 | ) | |||||||||
(Decrease) increase in deferred tax asset valuation allowance | (240.0 | ) | 352.2 | (29.0 | ) | ||||||||
Other | 0.1 | 1.9 | (0.1 | ) | |||||||||
Effective income tax rate | (197.5 | )% | 317.6 | % | 10.2 | % | |||||||
The following table summarizes the Company’s gross deferred tax assets, related valuation allowance and gross deferred tax liabilities at the dates indicated (in thousands). | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Deferred tax assets | |||||||||||||
Allowance for loan losses | $ | 5,770 | $ | 6,239 | |||||||||
Nonaccrual loan interest | 202 | 239 | |||||||||||
Writedowns of foreclosed real estate | 2,369 | 2,062 | |||||||||||
Pension Plan contributions and accrued liability | 463 | 1,389 | |||||||||||
Recognized built-in loss carryforward | 7,689 | 16,236 | |||||||||||
Alternative minimum tax credit carryforward | 493 | 475 | |||||||||||
Federal net operating loss carryforward | 6,072 | 8,379 | |||||||||||
Unrealized losses on investment securities available for sale | 1,829 | - | |||||||||||
Equity-based compensation | 1,047 | 710 | |||||||||||
Other | 365 | 1,382 | |||||||||||
Deferred tax assets, gross | 26,299 | 37,111 | |||||||||||
Valuation allowance | - | (31,086 | ) | ||||||||||
Deferred tax assets, net of valuation allowance | 26,299 | 6,025 | |||||||||||
Deferred tax liabilities | |||||||||||||
Premises, equipment and capital leases | (1,380 | ) | (1,565 | ) | |||||||||
Deferred loan fees and costs, net | (1,592 | ) | (1,532 | ) | |||||||||
Unrealized gains on investment securities available for sale | - | (912 | ) | ||||||||||
Servicing rights | (874 | ) | (905 | ) | |||||||||
Other | (366 | ) | (401 | ) | |||||||||
Deferred tax liabilities, gross | (4,212 | ) | (5,315 | ) | |||||||||
Deferred tax asset, net | $ | 22,087 | $ | 710 | |||||||||
As of December 31, 2013, the Company had federal net operating loss carryforwards of $17.3 million. If not utilized to offset future taxable income, $0.4 million of the net operating loss carryforwards will expire in 2030, $6.5 million will expire in 2031, $10.3 million will expire in 2032 and $0.1 million will expire in 2033. For the year ended December 31, 2013, the Company utilized a total of $7.4 million of federal net operating loss carryforwards to offset federal taxable income generated during the period. This amount was comprised of $4.4 million of federal net operating loss carryforwards that would have expired in 2030 and $3.0 million that would have expired in 2031. | |||||||||||||
As of December 31, 2013, net deferred tax assets of $22.1 million were recorded in the Company’s Consolidated Balance Sheet, a portion of which includes the after-tax impact of net operating loss carryforwards. Based on available information as of this date, the Company determined that a valuation allowance against the deferred tax asset was not necessary. As a result of a sustained trend in profitability that began in the third quarter 2012, projected reversals of existing taxable temporary differences during applicable future periods and projections of future taxable income exclusive of reversing temporary differences and carryforwards, during 2013, the Company recorded an income tax benefit of $22.4 million related to the reversal of the $31.1 million valuation allowance on net deferred tax assets that existed at December 31, 2012. The Company also eliminated $8.7 million of deferred tax assets and the related valuation allowance during 2013 as we concluded it was probable that these assets will expire without being utilized due to limitations on deductibility of net operating losses and realized built-in losses as described below. | |||||||||||||
In 2010, the Company consummated a private placement (the “Private Placement”). The Private Placement was considered a change in control under the Internal Revenue Code and Regulations. Accordingly, the Company was required to evaluate potential limitation or deferral of our ability to carryforward pre-acquisition net operating losses and to determine the amount of net unrealized pre-acquisition built-in losses which are subject to similar limitation or deferral. Under the Internal Revenue Code and Regulations, net unrealized pre-acquisition built-in losses realized within five years of the change in control on October 7, 2010 are subject to potential limitation. Through that date, the Company will continue to analyze its ability to utilize such losses to offset anticipated future taxable income as pre-acquisition built-in losses are ultimately realized. As of December 31, 2013, the Company estimates that future utilization of built-in losses of $53 million generated prior to the Private Placement will be limited to $1.1 million per year. During 2013, the Company further determined that it was probable that $8.7 million of deferred tax assets related to built-in losses will not ultimately be realized and, accordingly, wrote-off both the deferred tax asset and related valuation allowance associated with these built-in losses. However, this estimate will not be conclusively confirmed until the five-year limitation period expires in October 2015. | |||||||||||||
The Company is subject to U.S. federal and South Carolina state income tax. Tax authorities in various jurisdictions may examine the Company. The Company is not currently undergoing a U.S. federal or South Carolina state examination; however, tax years going back to 2010 are generally considered subject to examination based on federal and state regulations. |
Note_16_Benefit_Plans
Note 16 - Benefit Plans | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||
Pension and Other Postretirement Benefits Disclosure [Text Block] | ' | ||||||||||||
16. Benefit Plans | |||||||||||||
401(k) Plan | |||||||||||||
Teammates are given the opportunity to participate in The Palmetto Bank 401(k) Retirement Plan (the “401(k) Plan”) which is designed to supplement a teammate’s retirement income. Teammates are eligible to participate in the 401(k) Plan immediately when hired. Under the 401(k) Plan, participants are able to defer a portion of their salary into the 401(k) Plan. During 2011, the Company matched teammate contributions at a rate of $0.60 per dollar up to 6% of a teammate’s eligible compensation. Matching contributions are contributed to the 401(k) Plan prior to the end of each plan year. From January 1, 2012 through June 30, 2013, the Company suspended its regular ongoing matching of teammate contributions to the 401(k) Plan. Effective July 1, 2013, the Company reinstated an employer match of teammate contributions at a rate of $0.10 per dollar up to 6% of a teammate’s eligible compensation. This reinstatement resulted in employer matching contributions of $28 thousand for the year ended December 31, 2013. During the year ended December 31, 2011, the Company made matching contributions to the 401(k) Plan of $392 thousand. | |||||||||||||
Defined Benefit Pension Plan | |||||||||||||
Prior to 2008, the Company offered a noncontributory, Pension Plan that covered all full-time teammates having at least 12 months of continuous service and having attained age 21. Effective 2008, the Company ceased accruing pension benefits for teammates under the Pension Plan. Although no previously accrued benefits were lost, teammates no longer accrue benefits for service subsequent to 2007. | |||||||||||||
The Company accounts for the Pension Plan using an actuarial model. This model allocates pension costs over the service period of teammates in the Pension Plan. The underlying principle is that teammates render services ratably over this period; therefore, the income statement impacts of pension benefits should follow a similar pattern. | |||||||||||||
Defined Benefit Pension Plan Funded Status. The Company recognizes the funded status of the Pension Plan in the Consolidated Balance Sheets. The funded status is the difference between the Pension Plan assets and the projected benefit obligation at the balance sheet date. The following table summarizes the combined change in benefit obligation, Pension Plan assets, and funded status of the Pension Plan at the dates and for the periods indicated (in thousands). | |||||||||||||
At and for the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Change in benefit obligation | |||||||||||||
Benefit obligation, beginning of period | $ | 18,507 | $ | 19,786 | $ | 19,082 | |||||||
Interest cost | 848 | 958 | 1,002 | ||||||||||
Net actuarial loss | 80 | 668 | 904 | ||||||||||
Benefits paid | (1,313 | ) | (2,905 | ) | (1,202 | ) | |||||||
Benefit obligation, end of period | 18,122 | 18,507 | 19,786 | ||||||||||
Change in Pension Plan assets | |||||||||||||
Fair value of Pension Plan assets, beginning of period | 14,540 | 13,663 | 13,868 | ||||||||||
Return on Pension Plan assets | 1,678 | 2,182 | (575 | ) | |||||||||
Employer contribution | 1,893 | 1,600 | 1,572 | ||||||||||
Benefits paid | (1,313 | ) | (2,905 | ) | (1,202 | ) | |||||||
Fair value of Pension Plan assets, end of period | 16,798 | 14,540 | 13,663 | ||||||||||
Underfunded status | $ | (1,324 | ) | $ | (3,967 | ) | $ | (6,123 | ) | ||||
Net actuarial loss | $ | (11,235 | ) | $ | (12,627 | ) | $ | (13,919 | ) | ||||
Income tax benefit | (3,932 | ) | (4,419 | ) | (4,871 | ) | |||||||
Accumulated other comprehensive loss impact | $ | (7,303 | ) | $ | (8,208 | ) | $ | (9,048 | ) | ||||
Cost of the Pension Plan. The following table summarizes the components of net periodic pension expense, which is included in Salaries and other personnel expense in the Consolidated Statements of Income (Loss), for the periods indicated (in thousands). | |||||||||||||
For the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Interest cost | $ | 848 | $ | 958 | $ | 1,002 | |||||||
Expected return on plan assets | (1,186 | ) | (1,133 | ) | (1,162 | ) | |||||||
Amortization of net actuarial loss | 980 | 911 | 788 | ||||||||||
Net periodic pension expense | $ | 642 | $ | 736 | $ | 628 | |||||||
As a result of the decision to curtail the Pension Plan effective December 31, 2007, no costs relative to service have been necessary since that date as teammates no longer accrue benefits for services rendered. | |||||||||||||
Actuarial gains and losses also result from changes in the discount rate used to measure plan obligations and other variances in demographic experience such as retirements and mortality. Actuarial gains and losses, prior service costs and credits and any remaining transition amounts that had not yet been recognized through net periodic pension expense since the Pension Plan was frozen are amortized as a component of net periodic pension expense. | |||||||||||||
Defined Benefit Pension Plan Assumptions. One of the principal components of the net periodic pension expense calculation is the expected long-term rate of return on plan assets. The use of an expected long-term rate of return on plan assets may cause the recognition of income returns that are greater or less than the actual returns of plan assets in any given year. The expected long-term rate of return is designed to approximate the actual long-term rate of return over time and is not expected to change significantly. Therefore, the pattern of income / expense recognition should match the stable pattern of services provided by teammates over the life of the pension obligation. Expected returns on Pension Plan assets are developed in conjunction with input from external advisors and take into account the investment policy, actual investment allocation, long-term expected rates of return on the relevant asset classes and considers any material forward-looking return expectations for these major asset classes. Differences between expected and actual returns in each year, if any, are included in the net actuarial gain or loss amount, which is recognized in other comprehensive income. | |||||||||||||
A discount rate is used to determine the present value of future benefit obligations. The discount rate is determined in consultation with the third-party actuary and is set by matching the projected benefit cash flow to a yield curve consisting of the 50% highest yielding issuances within each defined maturity tranche of a AA-only universe of bonds monitored by the third-party actuary. The yield curve provides transparency with respect to the underlying bonds and provides matching of future benefit obligations to the payment of benefits. This yield curve was also used during 2011 and 2012, and reflects the Pension Plan specific duration. | |||||||||||||
The following table summarizes the assumptions used in computing the benefit obligation and the adjusted net periodic expense for the periods indicated. | |||||||||||||
For the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Assumptions used in computing benefit obligation: | |||||||||||||
Discount rate | 5.04 | % | 4.19 | % | 5.02 | % | |||||||
Rate of increase in compensation levels | n/a | n/a | n/a | ||||||||||
Assumptions used in computing net periodic benefit expense: | |||||||||||||
Discount rate | 4.19 | 5.02 | 5.35 | ||||||||||
Expected long-term rate of return on Pension Plan assets | 8 | 8 | 8 | ||||||||||
Rate of compensation increase | n/a | n/a | n/a | ||||||||||
Defined Benefit Pension Plan Assets. The following table summarizes the fair value of Pension Plan assets by major category at the dates indicated (in thousands). | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Cash and cash equivalents | $ | 4,440 | $ | 1,498 | |||||||||
U.S. government and agency securities | 549 | 1,262 | |||||||||||
Municipal securities | 470 | 799 | |||||||||||
Corporate bonds | 3,398 | 3,146 | |||||||||||
Mutual funds | 3,596 | - | |||||||||||
Corporate stocks | 3,329 | 133 | |||||||||||
Exchange traded funds | 287 | - | |||||||||||
Foreign equities | 694 | - | |||||||||||
Equity funds | - | 7,660 | |||||||||||
Accrued interest receivable | 30 | 42 | |||||||||||
Other | 5 | - | |||||||||||
Total Pension Plan assets | $ | 16,798 | $ | 14,540 | |||||||||
The investment objectives of the Pension Plan assets are designed to fund the projected benefit obligation and to maximize returns in order to minimize contributions within reasonable and prudent levels of risk. The precise amount for which these obligations will be settled depends on future events, including the life expectancy of the Pension Plan participants. The Pension Plan’s investment strategy balances the requirement to generate return, using higher returning assets, with the need to control risk using less volatile assets. Risks include, but are not limited to, inflation, volatility in equity values and changes in interest rates that could cause the Pension Plan to become underfunded, thereby increasing the Pension Plan’s dependence on contributions from the Company. | |||||||||||||
Pension Plan assets are managed by a third-party firm as approved by the Board of Directors. The Compensation Committee of the Board of Directors is responsible for maintaining the investment policy of the Pension Plan, approving the appointment of the investment manager and reviewing the performance of the Pension Plan assets at least annually. | |||||||||||||
Investments within the Pension Plan are diversified with the intent to minimize the risk of large losses to the Pension Plan. The total portfolio is constructed and maintained to provide prudent diversification within each investment category, and the Company assumes that the volatility of the portfolio will be similar to the market as a whole. The asset allocation ranges represent a long-term perspective. Therefore, rapid unanticipated market shifts may cause the asset mix to fall outside the policy range. Such divergences are expected to be short-term in nature. | |||||||||||||
Fair Value Measurements. Following is a description of the valuation methodology used in determining fair value measurements of Pension Plan assets: | |||||||||||||
● | Cash and cash equivalents: Valued at the net asset value of units held by the Pension Plan. | ||||||||||||
● | U.S. government and agency securities: Valued at the closing price reported in the active market in which the individual securities are traded. | ||||||||||||
● | Municipal securities: Valued at the closing price reported in the active market in which the individual securities are traded. | ||||||||||||
● | Corporate bonds: Valued at the closing price reported in the active market in which the bond is traded. | ||||||||||||
● | Mutual funds: Valued at the closing price reported in the active market in which the instrument is traded. | ||||||||||||
● | Corporate stocks: Valued at the closing price reported in the active market in which the individual securities are traded. | ||||||||||||
● | Exchange traded funds: Valued at the closing price reported in the active market in which the instrument is traded. | ||||||||||||
● | Foreign equities: Valued at the closing price reported in the active market in which the instrument is traded. | ||||||||||||
● | Equity funds: Valued at the net asset value of units held by the Pension Plan. | ||||||||||||
The preceding methods described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Company believes the valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. | |||||||||||||
The following tables summarize Pension Plan assets measured at fair value at the dates indicated aggregated by the level in the fair value hierarchy within which those measurements fall (in thousands). | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Level 1 | $ | 7,804 | $ | 1,673 | |||||||||
Level 2 | 8,994 | 12,867 | |||||||||||
Level 3 | - | - | |||||||||||
Total Pension Plan assets | $ | 16,798 | $ | 14,540 | |||||||||
There were no changes in Level 3 assets measured at fair value on a recurring basis during 2012 or 2013. | |||||||||||||
Current and Future Expected Contributions. The Company expects to contribute $507 thousand to the Pension Plan during 2014. | |||||||||||||
Expected Future Defined Benefit Pension Plan Payments. The following table summarizes the estimated future benefit payments expected to be paid from the Pension Plan at December 31, 2013 for the periods indicated (in thousands). | |||||||||||||
For the years ended December 31, | |||||||||||||
2014 | $ | 899 | |||||||||||
2015 | 925 | ||||||||||||
2016 | 948 | ||||||||||||
2017 | 1,010 | ||||||||||||
2018 | 1,064 | ||||||||||||
2019-2023 | 5,947 | ||||||||||||
The expected benefits to be paid are based on the same assumptions used to measure the Company’s benefit obligation at December 31, 2013. |
Note_17_Equity_Based_Compensat
Note 17 - Equity Based Compensation | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | ||||||||||||||||||||
17. Equity-Based Compensation | |||||||||||||||||||||
1997 Stock Compensation Plan | |||||||||||||||||||||
Stock option awards have been granted under the Palmetto Bancshares, Inc. 1997 Stock Compensation Plan (the “1997 Plan”). The 1997 Plan terminated in 2007 and no options have been granted under the 1997 Plan since then. However, the termination did not impact options previously granted under the 1997 Plan. All outstanding options expire at various dates through December 31, 2016 and all stock option awards granted have a five-year vesting term and an exercise period of 10 years. The Board of Directors determined the terms of the options on the grant date, and the option exercise price was at least 100% of the fair value of the Company’s common stock as of the grant date. Options granted to teammates were “incentive stock options” within the meaning of Section 422 of the Internal Revenue Code, while options granted to individuals other than teammates were “nonqualified stock options” (i.e. options that are not “incentive stock options”). | |||||||||||||||||||||
The following table summarizes stock option activity for the 1997 Plan at the dates and for the periods indicated. | |||||||||||||||||||||
Stock options outstanding | Weighted-average | ||||||||||||||||||||
exercise price | |||||||||||||||||||||
Outstanding, December 31, 2010 | 30,003 | $ | 91.72 | ||||||||||||||||||
Forfeited | (6,800 | ) | 107.43 | ||||||||||||||||||
Expired | (4,500 | ) | 60 | ||||||||||||||||||
Outstanding, December 31, 2011 | 18,703 | 93.65 | |||||||||||||||||||
Forfeited | (6,750 | ) | 94.98 | ||||||||||||||||||
Outstanding, December 31, 2012 | 11,953 | 92.89 | |||||||||||||||||||
Expired | (5,503 | ) | 80 | ||||||||||||||||||
Outstanding, December 31, 2013 | 6,450 | 103.89 | |||||||||||||||||||
The following table summarizes information regarding stock options under the 1997 Plan that were outstanding and exercisable at December 31, 2013. | |||||||||||||||||||||
Options outstanding and exercisable | |||||||||||||||||||||
Range of exercise prices | Number of stock | Weighted-average | Weighted- | ||||||||||||||||||
options outstanding | remaining contractual life (years) | average | |||||||||||||||||||
and exercisable | exercise price | ||||||||||||||||||||
$93.20 | to | $106.40 | 2,500 | 0.15 | $ | 94.52 | |||||||||||||||
$109.20 | to | $121.60 | 3,950 | 2.34 | 109.83 | ||||||||||||||||
Total | 6,450 | 1.49 | 103.89 | ||||||||||||||||||
At December 31, 2013 and 2012, the fair value of the Company’s common stock did not exceed the exercise price of any options outstanding and exercisable under the 1997 Plan and, therefore, the stock options had no intrinsic value. | |||||||||||||||||||||
2008 Restricted Stock Plan | |||||||||||||||||||||
Under the 2008 Restricted Stock Plan (the “2008 Plan”), 62,500 shares of common stock were reserved for issuance subject to its anti-dilution provisions. Forfeitures are returned to the available pool of common stock for future issuance. Generally, the recipient will have the right to receive dividends, if any, with respect to such shares of restricted stock, to vote such shares and to enjoy all other shareholder rights except that the Company will retain custody of the stock certificate, and the recipient may not sell, transfer, pledge or otherwise dispose of the restricted stock until the forfeiture restrictions have expired. | |||||||||||||||||||||
Prior to 2011, restricted stock granted to directors under the 2008 Plan generally had a five-year vesting period. Beginning in 2011, with the exception of annual retainer grants that vest immediately, restricted stock granted to directors under the 2008 Plan generally had a three-year vesting period designed to coincide with director service terms. Beginning in 2012, restricted stock awards to directors upon initial appointment and reelection to the Board of Directors continued to be granted with vesting periods to coincide with director service terms but were changed to require a director to purchase shares of the Company’s common stock on the open market to be eligible to receive a matching grant of restricted stock awards. The matching grants at initial appointment and reelection are capped at an economic value of $10 thousand. | |||||||||||||||||||||
Shares of restricted stock granted to teammates and directors under the 2008 Plan are subject to vesting provisions based on continuous employment and service for a specified time period following the date of grant as follows: | |||||||||||||||||||||
Vesting Period | |||||||||||||||||||||
Issued to directors in connection with annual retainer | Immediate | ||||||||||||||||||||
Issued to directors in connection with election to the Board of Directors | Length of Board of Directors term (currently 3 years) | ||||||||||||||||||||
Issued to teammates (years) | 5 | ||||||||||||||||||||
The following table summarizes restricted stock activity at the dates and for the periods indicated. | |||||||||||||||||||||
Shares of restricted stock | Weighted-average grant date fair value per share | ||||||||||||||||||||
Granted, net of forfeitures, December 31, 2010 | 15,186 | $ | 96.89 | ||||||||||||||||||
Grants | 17,033 | 10.4 | |||||||||||||||||||
Forfeited | (525 | ) | 168 | ||||||||||||||||||
Granted, net of forfeitures, December 31, 2011 | 31,694 | 49.23 | |||||||||||||||||||
Grants | 19,967 | 5.51 | |||||||||||||||||||
Forfeited | (350 | ) | 168 | ||||||||||||||||||
Granted, net of forfeitures, December 31, 2012 | 51,311 | 31.41 | |||||||||||||||||||
Grants | 11,073 | 9.68 | |||||||||||||||||||
Granted, net of forfeitures, December 31, 2013 | 62,384 | 27.55 | |||||||||||||||||||
Remaining shares available for grant, December 31, 2013 | 116 | ||||||||||||||||||||
During 2013, 8,407 shares of restricted stock with a total fair value of $70 thousand were granted to individuals other than management members of the Board of Directors as compensation for their annual Board of Directors retainers. | |||||||||||||||||||||
Under the director compensation program, during 2013, a total of 2,666 shares of restricted stock were awarded to directors who were re-elected to the Board of Directors at the Annual Meeting of Shareholders on May 16, 2013 and who purchased shares in accordance with the matching program. | |||||||||||||||||||||
Of the 62,384 net restricted stock awards granted under the 2008 Plan, the following table summarizes vesting status and activity at the dates and for the period indicated. | |||||||||||||||||||||
Shares of restricted stock | |||||||||||||||||||||
Nonvested, December 31, 2012 | 13,915 | ||||||||||||||||||||
Grants | 11,073 | ||||||||||||||||||||
Vested | (13,743 | ) | |||||||||||||||||||
Nonvested, December 31, 2013 | 11,245 | ||||||||||||||||||||
The weighted-average grant date fair value of restricted stock awards that vested during the year ended December 31, 2013 was $23.83 per share. The fair value of shares vested during the year ended December 31, 2013 based on vesting date fair value totaled $141 thousand. | |||||||||||||||||||||
2011 Stock Incentive Plan | |||||||||||||||||||||
The 2011 Stock Incentive Plan, as amended (the “2011 Plan”), was originally approved by shareholders at the 2011 Annual Meeting of Shareholders and allows the Board of Directors to grant a total of 700,000 stock options and/or restricted stock awards to teammates and directors. The 2011 Plan requires that stock options be issued with an exercise price at or above the fair market value per share of the Company’s common stock on the date of grant. | |||||||||||||||||||||
Under the 2011 Plan, the Board of Directors, at its discretion, determines the amount of equity awards to be granted, vesting conditions, type of award and any other terms and conditions. No options are exercisable more than 10 years after the date of grant. Generally, the recipient will have the right to receive dividends, if any, with respect to any shares of restricted stock granted, to vote such shares and to enjoy all other shareholder rights, except that the Company will retain custody of the stock certificate, and the recipient may not sell, transfer, pledge or otherwise dispose of the restricted stock until the forfeiture restrictions have expired. Forfeitures of restricted stock are returned to the available pool of common stock for future issuance. | |||||||||||||||||||||
The following table summarizes the 2011 Plan stock option and restricted stock information at the dates and for the periods indicated. | |||||||||||||||||||||
Total shares | Stock options outstanding | Weighted-average exercise price per share | Shares of restricted stock | Weighted-average grant date fair value per share | |||||||||||||||||
2011 Grants | 473,002 | 383,251 | $ | 10.51 | 89,751 | $ | 10.48 | ||||||||||||||
2012 Grants | 8,020 | - | - | 8,020 | 6.5 | ||||||||||||||||
2013 Grants | 8,811 | - | - | 8,811 | 13.7 | ||||||||||||||||
2013 Forfeitures | (575 | ) | - | - | (575 | ) | 13.95 | ||||||||||||||
2013 Exercises | (11,250 | ) | 11 | - | - | ||||||||||||||||
Granted, net of forfeitures, December 31, 2013 | 489,258 | 106,007 | 10.43 | ||||||||||||||||||
Outstanding, December 31, 2013 | 372,001 | 10.5 | |||||||||||||||||||
Shares available for grant | 700,000 | ||||||||||||||||||||
Remaining shares available for grant, December 31, 2013 | 210,742 | ||||||||||||||||||||
The 2011 grants were made subject to time vesting restrictions that begin in 2014 and performance requirements including termination of the Bank’s Consent Order with the Supervisory Authorities and two consecutive quarters of net income. At December 31, 2012, the quarterly net income vesting condition was met, and the Consent Order was terminated on January 30, 2013. Therefore, the performance requirements are fully satisfied. Except for 11,250 stock options and 2,500 shares of restricted stock that vested in 2013 based on the time vesting restrictions, the awards will vest from 2014 to 2016. | |||||||||||||||||||||
During 2012, 8,020 shares of restricted stock were awarded to certain teammates in recognition of performance. These awards are subject to the same time and performance conditions described above and, assuming the time vesting conditions are met, will vest from 2015 to 2017. | |||||||||||||||||||||
During 2013, 8,811 shares of restricted stock were awarded to certain teammates in recognition of performance and upon initial employment. These awards are subject to time vesting conditions and, assuming the time vesting conditions are met, will vest from 2014 to 2016. | |||||||||||||||||||||
Of the 106,582 restricted stock awards granted under the 2011 Plan, the following table summarizes the vesting status activity at the dates and for the period indicated. | |||||||||||||||||||||
Shares of | |||||||||||||||||||||
restricted stock | |||||||||||||||||||||
Nonvested, December 31, 2012 | 97,771 | ||||||||||||||||||||
Grants | 8,811 | ||||||||||||||||||||
Forfeited | (575 | ) | |||||||||||||||||||
Vested | (2,500 | ) | |||||||||||||||||||
Nonvested, December 31, 2013 | 103,507 | ||||||||||||||||||||
The weighted-average grant date fair value of restricted stock awards that vested during the year ended December 31, 2013 was $11.00 per share. The value of shares vested during the year ended December 31, 2013 based on vesting date fair value totaled $33 thousand. | |||||||||||||||||||||
The following table summarizes information regarding stock options under the 2011 Plan that were outstanding at December 31, 2013. None of the stock options outstanding under the 2011 Plan were exercisable at December 31, 2013. | |||||||||||||||||||||
Options outstanding | |||||||||||||||||||||
Exercise price | Number of stock options | Weighted-average remaining contractual life (years) | Weighted-average exercise price | Value of outstanding in-the-money stock options | |||||||||||||||||
$10.40 | 312,501 | 7.38 | $ | 10.4 | $ | 800,003 | |||||||||||||||
$11.00 | 59,500 | 7.54 | 11 | 116,620 | |||||||||||||||||
Total | 372,001 | 7.4 | 10.5 | $ | 916,623 | ||||||||||||||||
Determining Fair Value. The following table summarizes the fair value of each stock option award granted under the 2011 Plan as estimated on the date of grant using the Black-Scholes option-pricing model and the weighted-average assumptions used for the determination of fair value of such grants. | |||||||||||||||||||||
16-May-11 | 16-Jun-11 | 20-Oct-11 | |||||||||||||||||||
grants | grants | grant | |||||||||||||||||||
Option exercise price, per share | $ | 10.4 | $ | 11 | $ | 11 | |||||||||||||||
Fair value of stock option awards granted, per share | $ | 5.16 | $ | 5.4 | $ | 3.1 | |||||||||||||||
Expected dividend yield | - | % | - | % | - | % | |||||||||||||||
Expected volatility | 45 | 45 | 45 | ||||||||||||||||||
Risk-free interest rate | 2.51 | 2.22 | 1.45 | ||||||||||||||||||
Contractual term (years) | 10 | 10 | 10 | ||||||||||||||||||
Expected term (years) | 7 | 7 | 7 | ||||||||||||||||||
Vesting period (years) | 5 | 5 | 5 | ||||||||||||||||||
Compensation Expense Relating to Equity-Based Compensation | |||||||||||||||||||||
The Company measures compensation expense for restricted stock and stock option awards at fair value and recognizes compensation expense in the Consolidated Statements of Income (Loss) over the service period for grants that have time / service-based vesting provisions. The fair value of restricted stock is determined based on the fair value of the common stock at the time of the grant. The grant date fair value of stock options granted is estimated using the Black-Scholes option-pricing model. The Black-Scholes option-pricing model estimates the fair value of a stock option based on inputs and assumptions such as the expected volatility of the Company’s stock price, option exercise price, the level of risk-free interest rates, dividend yields and expected option term. | |||||||||||||||||||||
The following table summarizes compensation expense for the 1997 Plan, 2008 Plan and the 2011 Plan charged against pretax income (loss) for the periods indicated (in thousands). | |||||||||||||||||||||
For the years ended December 31, | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Compensation expense | |||||||||||||||||||||
1997 Plan | $ | - | $ | - | $ | 1 | |||||||||||||||
2008 Plan | 336 | 343 | 360 | ||||||||||||||||||
2011 Plan | 822 | 766 | 461 | ||||||||||||||||||
Total compensation expense | $ | 1,158 | $ | 1,109 | $ | 822 | |||||||||||||||
Income tax benefit | $ | - | $ | - | $ | - | |||||||||||||||
At December 31, 2013, based on equity awards outstanding at that time, the total unrecognized pretax compensation expense related to unvested equity awards granted under the 2008 Plan and 2011 Plan was $133 thousand and $1.0 million, respectively. This expense is expected to be recognized through 2016 under the 2008 Plan and 2017 under the 2011 Plan. |
Note_18_Net_Income_Loss_Per_Co
Note 18 - Net Income (Loss) Per Common Share | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||
18. Net Income (Loss) per Common Share | |||||||||||||
The following table reconciles the denominators of the basic and diluted net income (loss) per common share computations for the periods indicated (dollars in thousands, except per share data). | |||||||||||||
For the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Basic net income (loss) per common share | |||||||||||||
Net income (loss) applicable to common shareholders | $ | 27,731 | $ | (1,864 | ) | $ | (23,400 | ) | |||||
Undistributed earnings allocated to participating securities | (248 | ) | - | - | |||||||||
Net income (loss) allocated to common shareholders | $ | 27,483 | $ | (1,864 | ) | $ | (23,400 | ) | |||||
Average common shares issued and outstanding | 12,658,752 | 12,639,379 | 12,555,247 | ||||||||||
Basic net income (loss) per common share | $ | 2.17 | $ | (0.15 | ) | $ | (1.86 | ) | |||||
Diluted net income (loss) per common share | |||||||||||||
Net income (loss) applicable to common shareholders | $ | 27,731 | $ | (1,864 | ) | $ | (23,400 | ) | |||||
Undistributed earnings allocated to participating securities | (248 | ) | - | - | |||||||||
Net income (loss) allocated to common shareholders | $ | 27,483 | $ | (1,864 | ) | $ | (23,400 | ) | |||||
Average common shares issued and outstanding | 12,658,752 | 12,639,379 | 12,555,247 | ||||||||||
Dilutive potential common shares (1) | - | - | - | ||||||||||
Total diluted average common shares issued and outstanding | 12,658,752 | 12,639,379 | 12,555,247 | ||||||||||
Diluted net income (loss) per common share | $ | 2.17 | $ | (0.15 | ) | $ | (1.86 | ) | |||||
(1) Includes dilutive impact of restricted stock and stock options, when applicable. | |||||||||||||
No potential common shares were included in the computation of the diluted loss per share amount for the years ended December 31, 2013 since applicable of the two-class method of computing earnings per share resulted in greater dilution as compared to applying the treasury stock method for restricted stock. No potential common shares were included in the computation of the diluted loss per share amount for the years ended December 31, 2012 or 2011 as inclusion would be anti-dilutive given the Company’s net loss during the respective periods. Reverse Stock Split | |||||||||||||
As disclosed in Note 1, Summary of Significant Accounting Policies, the Company completed a one-for-four reverse split of its common stock effective June 28, 2011. |
Note_19_Commitments_Guarantees
Note 19 - Commitments, Guarantees and Other Contingencies | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||||||||||||||||
Commitments and Contingencies Disclosure [Text Block] | ' | ||||||||||||||||||||
19. Commitments, Guarantees and Other Contingencies | |||||||||||||||||||||
Unused lending commitments to clients are not recorded in the Consolidated Balance Sheets until funds are advanced. For commercial clients, lending commitments generally take the form of unused revolving credit arrangements to finance clients’ working capital requirements. For retail clients, lending commitments are generally unused lines of credit secured by residential property. The Company routinely extends lending commitments for both floating and fixed-rate loans. | |||||||||||||||||||||
The following table summarizes the contractual amounts of the Company’s unused lending commitments relating to extensions of credit with off-balance sheet risk at December 31, 2013 (in thousands). | |||||||||||||||||||||
Commitments to extend credit: | |||||||||||||||||||||
Revolving, open-end loans secured by single-family residential properties | $ | 59,183 | |||||||||||||||||||
Commercial real estate, construction and land development loans secured by real estate | |||||||||||||||||||||
Single-family residential construction loans | 11,186 | ||||||||||||||||||||
Commercial real estate, other construction loan, and land development loans | 20,317 | ||||||||||||||||||||
Commercial and industrial loans | 37,461 | ||||||||||||||||||||
Overdraft protection loans | 30,015 | ||||||||||||||||||||
Other | 6,875 | ||||||||||||||||||||
Total commitments to extend credit | $ | 165,037 | |||||||||||||||||||
Standby letters of credit are issued for clients in connection with contracts between clients and third parties. Letters of credit are conditional commitments issued by the Company to guarantee the performance of a client to a third party. The maximum potential amount of undiscounted future advances related to letters of credit was $3.7 million and $3.6 million at December 31, 2013 and 2012, respectively. | |||||||||||||||||||||
The reserve for estimated credit losses on unfunded lending commitments at December 31, 2013 and 2012 was $259 thousand and $367 thousand, respectively, and is recorded in Other liabilities in the Consolidated Balance Sheets. | |||||||||||||||||||||
For disclosure regarding our derivative financial instruments and hedging activities, see Note 20, Derivative Financial Instruments and Hedging Activities. | |||||||||||||||||||||
Loan Participations | |||||||||||||||||||||
The Company periodically sells portions of loans extended to clients in order to manage overall credit concentrations under loan participation agreements. With regard to loan participations, the Company serves as the lead bank and is, therefore, responsible for certain administrative and other management functions as agent to the participating banks. The participation agreements include certain standard representations and warranties related to the Company’s duties to the participating banks. | |||||||||||||||||||||
Contractual Obligations | |||||||||||||||||||||
In addition to other contractual commitments and arrangements disclosed herein, the Company enters into other contractual obligations in the ordinary course of business. The following table summarizes these contractual obligations at December 31, 2013 (in thousands) except obligations for teammate benefit plans for which obligations are paid from separately identified assets. For disclosure regarding obligations of teammate benefit plans, see Note 16, Benefit Plans. | |||||||||||||||||||||
Less than one year | Over one through three years | Over three through five years | Over five years | Total | |||||||||||||||||
Real property operating lease obligations | $ | 1,738 | $ | 3,381 | $ | 3,306 | $ | 8,785 | $ | 17,210 | |||||||||||
Time deposit accounts | 140,297 | 34,344 | 22,139 | 55 | 196,835 | ||||||||||||||||
Contractually required interest payments on time deposits | 189 | 169 | 121 | 1 | 480 | ||||||||||||||||
Total | $ | 142,224 | $ | 37,894 | $ | 25,566 | $ | 8,841 | $ | 214,525 | |||||||||||
Obligations under noncancelable real property operating lease agreements noted above are payable over several years with the longest obligation expiring in 2029. Option periods that the Company has not yet exercised are not included in the preceding table. | |||||||||||||||||||||
In 2012, the Company reduced the Bank’s branch network by four branches through sale or consolidation into existing branches. In conjunction with these branch reductions, one branch lease was assigned to the purchaser of the branch as of July 1, 2012, although the Bank remains as a named party to the lease in the event the purchaser fails to satisfy its obligations. Future lease payments related to this facility to be made by the purchaser total $77 thousand through September 2015. These payments are the primary responsibility of the sublessee, and, therefore, have been excluded from the preceding table. | |||||||||||||||||||||
Though not included in the preceding table, the Company is contractually obligated to make minimum required contributions to the Pension Plan, however, these contributions are determined annually and, therefore, future obligations beyond 2014 cannot be reasonably estimated at this time. For disclosure regarding contributions that the Company expects to contribute to the Pension Plan during 2014, see Note 16, Benefit Plans. | |||||||||||||||||||||
In March 2013, the Bank signed a subscription agreement for a $2.0 million limited partnership investment in Plexus Fund III, L.P. (the “Fund”). The Fund closed on May 1, 2013, raising commitments of $150 million of private limited partnership interests (of which the Bank committed to invest up to $2.0 million) and $150 million of funding commitments from the Small Business Administration in the form of 10-year debentures. The fund is licensed as a Small Business Investment Company under the Small Business Investment Act of 1958. The principal objective of the Fund is the realization of current yield and long-term capital appreciation through mezzanine and equity investments in a diversified portfolio of companies located throughout the United States. The Fund focuses primarily on investments in “lower middle-market companies.” Earnings from the fund will come from returns generated from the underlying investments, less management and other fees payable to the Fund. Capital calls on limited partners may occur through the fifth anniversary of the Fund’s closing (May 1, 2018) at the sole general partner’s discretion on an as-needed basis. During 2013, the Bank invested $350 thousand into the Fund in connection with its capital call obligation. As of December 31, 2013, $1.7 million remains to be invested by the Bank. Because the timing of capital calls is not definitive at this point, they have been excluded from the preceding table. | |||||||||||||||||||||
The Company enters into agreements with third parties with respect to the leasing, servicing, and maintenance of equipment. However, because we believe that these agreements are immaterial when considered individually, or in the aggregate, with regard to our Consolidated Financial Statements, we have not included such agreements in the preceding contractual obligations table. Therefore, we believe that noncompliance with terms of such agreements would not have a material impact on our business, financial condition, results of operations or cash flows. Furthermore, as most such commitments are entered into for a 12-month period with option extensions, long-term obligations beyond 2014 cannot be reasonably estimated at this time. | |||||||||||||||||||||
Legal Proceedings | |||||||||||||||||||||
The Company is a party to claims and lawsuits arising in the course of normal business activities. Management is not aware of any material pending legal proceedings against the Company which, if resolved adversely, would have a material adverse impact on the Company’s financial position, results of operations or cash flows. |
Note_20_Derivative_Financial_I
Note 20 - Derivative Financial Instruments and Hedging Activities | 12 Months Ended |
Dec. 31, 2013 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ' |
20. Derivative Financial Instruments and Hedging Activities | |
At December 31, 2013 and 2012, the Company’s only derivative instruments related to residential mortgage-banking activities. | |
At December 31, 2013, the notional amount of commitments to originate conforming mortgage loans held for sale totaled $7.3 million. These derivative loan commitments had positive fair values, included within Other assets in the Consolidated Balance Sheets, totaling $176 thousand and negative fair values, included within Other liabilities in the Consolidated Balance Sheets, totaling $3 thousand. At December 31, 2012, the notional amount of commitments to originate conforming mortgage loans held for sale totaled $11.1 million. These derivative loan commitments had positive fair values, included within Other assets in the Consolidated Balance Sheets, totaling $337 thousand. The net change in derivative loan commitment fair values during the years ended December 31, 2013 and 2012 resulted in expense of $164 thousand and $28 thousand, respectively. | |
The notional amount of forward sales commitments totaled $6.8 million at December 31, 2013. These forward sales commitments had positive fair values, included within Other assets in the Consolidated Balance Sheets, totaling $28 thousand and negative fair values, included within Other liabilities in the Consolidated Balance Sheets, totaling $4 thousand. The notional amount of forward sales commitments totaled $11.8 million at December 31, 2012. These forward sales commitments had positive fair values, included within Other assets in the Consolidated Balance Sheets, totaling $33 thousand and negative fair values, included within Other liabilities in the Consolidated Balance Sheets, totaling $5 thousand. The net change in forward sales commitment fair values during the years ended December 31, 2013 and 2012 resulted in expense of $4 thousand and $63 thousand, respectively. |
Note_21_Fair_Value_Measurement
Note 21 - Fair Value Measurements | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||||||
21. Fair Value Measurements | |||||||||||||||||
Valuation Methodologies | |||||||||||||||||
Following is a description of the valuation methodologies used for fair value measurements. | |||||||||||||||||
Trading account assets. The fair values of trading account assets are primarily based on actively traded markets where prices are based on either direct market quotes or observed transactions. Liquidity is a significant factor in the determination of the fair values of trading account assets. Market prices may not be readily available for some positions or positions within a market sector where trading activity has slowed significantly or ceased. | |||||||||||||||||
Investment securities available for sale. The fair value of investment securities available for sale is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange or NASDAQ, as well as securities that are traded by dealers or brokers in active over-the-counter markets. Instruments classified as Level 1 are instruments that have been priced directly from dealer trading desks and represent actual prices at which such securities have traded within active markets. Level 2 securities are valued based on pricing models that use relevant observable information generated by transactions that have occurred in the market place that involve similar securities. | |||||||||||||||||
Mortgage loans held for sale. The fair value of mortgage loans held for sale is based on what secondary markets are currently offering for portfolios with similar characteristics. As such, the Company classifies these loans subjected to nonrecurring fair value adjustments as Level 2. | |||||||||||||||||
Other loans held for sale. Other loans held for sale for which binding sales contracts have been entered into as of the balance sheet date are classified as Level 1 instruments. | |||||||||||||||||
Impaired loans. The fair value of an impaired loan is estimated using one of three methods: value of the underlying collateral, present value of expected cash flows and, in rare cases, the market value of the impaired loan itself. An allowance for loan losses or charge-off is recorded for the excess of the Company’s recorded investment in the loan over the loan’s estimated fair value. In the case of a collateral-dependent impaired loan, any allowance for loan losses or charge-off is increased by estimated selling costs. Impaired loans not requiring an allowance for loan losses or charge-off represent loans for which the fair value of the expected repayments or collateral exceeds the recorded investments in such loans. Impaired loans, where an allowance for loan losses or charge-off is recorded based on the fair value of collateral, require classification in the fair value hierarchy. When the fair value of the collateral is based on an executed sales contract with an independent third party, the Company classifies the impaired loan as nonrecurring Level 1. If the collateral is based on another observable market price or a current appraised value, the Company classifies the impaired loan as nonrecurring Level 2. When an appraised value is not available or the Company determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company classifies the impaired loan as nonrecurring Level 3. | |||||||||||||||||
Foreclosed real estate and repossessed personal property. Fair value of foreclosed real estate and repossessed property is generally based upon binding sales contracts, current appraisals, comparable sales and other estimates of value obtained principally from independent sources. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company classifies the asset as nonrecurring Level 2. However, the Company also considers other factors or recent developments which could result in adjustments to the collateral value estimates indicated in the appraisals such as changes in absorption rates or market conditions from the time of valuation. In situations where management adjustments are significant to the fair value measurement in its entirety, such measurements are classified as Level 3 within the valuation hierarchy. | |||||||||||||||||
Derivative financial instruments. Currently, the Company enters into residential mortgage loan commitments and forward sales commitments. The valuation of these instruments is computed using internal valuation models utilizing observable market-based inputs such as current mortgage rates and forward loan sale “pair-off” prices. As such, derivative financial instruments subjected to recurring fair value adjustments are classified as Level 2. | |||||||||||||||||
Long-lived assets held for sale. Nonrecurring fair value adjustments on long-lived assets held for sale reflect impairment writedowns. Appraisals are used to determine impairment, and these appraisals may require significant adjustments to market-based valuation inputs due to lack of recent comparable sales or the age of the appraisal. As a result, the assets subjected to nonrecurring fair value adjustments are typically classified as Level 3 due to the fact that unobservable inputs are significant to the fair value measurement. | |||||||||||||||||
Assets and Liabilities Measured at Fair Value on a Recurring Basis | |||||||||||||||||
The following tables summarize assets and liabilities measured at fair value on a recurring basis at the dates indicated aggregated by the level in the fair value hierarchy within which those measurements fall (in thousands). | |||||||||||||||||
31-Dec-13 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets | |||||||||||||||||
Trading account assets | $ | 1,347 | $ | 3,771 | $ | - | $ | 5,118 | |||||||||
Investment securities available for sale | |||||||||||||||||
State and municipal | - | 7,460 | - | 7,460 | |||||||||||||
Collateralized mortgage obligations (federal agencies) | - | 93,132 | - | 93,132 | |||||||||||||
Other mortgage-backed (federal agencies) | 1,188 | 74,832 | - | 76,020 | |||||||||||||
SBA loan-backed (federal agency) | 20,457 | 17,314 | - | 37,771 | |||||||||||||
Derivative financial instruments | - | 204 | - | 204 | |||||||||||||
Total assets measured at fair value on a recurring basis | $ | 22,992 | $ | 196,713 | $ | - | $ | 219,705 | |||||||||
Liabilities | |||||||||||||||||
Derivative financial instruments | $ | - | $ | 7 | $ | - | $ | 7 | |||||||||
31-Dec-12 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets | |||||||||||||||||
Investment securities available for sale | |||||||||||||||||
State and municipal | $ | - | $ | 11,530 | $ | - | $ | 11,530 | |||||||||
Collateralized mortgage obligations (federal agencies) | 14,057 | 109,451 | - | 123,508 | |||||||||||||
Other mortgage-backed (federal agencies) | - | 63,817 | - | 63,817 | |||||||||||||
SBA loan-backed (federal agency) | 44,683 | 20,964 | - | 65,647 | |||||||||||||
Derivative financial instruments | - | 370 | - | 370 | |||||||||||||
Total assets measured at fair value on a recurring basis | $ | 58,740 | $ | 206,132 | $ | - | $ | 264,872 | |||||||||
Liabilities | |||||||||||||||||
Derivative financial instruments | $ | - | $ | 5 | $ | - | $ | 5 | |||||||||
For additional disclosure regarding the fair value of Pension Plan assets, see Note 16, Benefit Plans. | |||||||||||||||||
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis | |||||||||||||||||
For financial assets measured at fair value on a nonrecurring basis that are recorded in the Consolidated Balance Sheets, the following tables summarize the level of valuation assumptions used to determine fair value of the related individual assets at the dates indicated (in thousands). There were no liabilities measured at fair value on a nonrecurring basis at December 31, 2013 or 2012. | |||||||||||||||||
31-Dec-13 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets | |||||||||||||||||
Mortgage loans held for sale | $ | - | $ | 1,722 | $ | - | $ | 1,722 | |||||||||
Impaired loans | - | 5,588 | 25 | 5,613 | |||||||||||||
Foreclosed real estate and repossessed personal property | 34 | 31 | 6,595 | 6,660 | |||||||||||||
Long-lived assets held for sale | - | - | 685 | 685 | |||||||||||||
Total assets measured at fair value on a nonrecurring basis | $ | 34 | $ | 7,341 | $ | 7,305 | $ | 14,680 | |||||||||
31-Dec-12 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets | |||||||||||||||||
Mortgage loans held for sale | $ | - | $ | 6,114 | $ | - | $ | 6,114 | |||||||||
Other loans held for sale | 800 | - | - | 800 | |||||||||||||
Impaired loans in gross loans | - | 6,285 | 189 | 6,474 | |||||||||||||
Foreclosed real estate and repossessed personal property | - | 817 | 9,163 | 9,980 | |||||||||||||
Long-lived assets held for sale | - | - | 685 | 685 | |||||||||||||
Total assets measured at fair value on a nonrecurring basis | $ | 800 | $ | 13,216 | $ | 10,037 | $ | 24,053 | |||||||||
Level 3 Valuation Methodologies. The following table summarizes the significant unobservable inputs used in the fair value measurements for Level 3 assets measured at fair value on a nonrecurring basis at December 31, 2013 (in thousands). | |||||||||||||||||
Fair value | Valuation technique | Significant unobservable inputs | |||||||||||||||
Assets | |||||||||||||||||
Impaired loans | $ | 25 | Internal assessment of collateral value | Adjustments to estimated value based on recent sales of comparable collateral | |||||||||||||
Foreclosed real estate and repossessed personal property | 6,595 | Appraisals of collateral value | Adjustments to appraisal for age of comparable sales | ||||||||||||||
Long-lived assets held for sale | 685 | Internal valuation | Appraisals and/or sales of comparable properties | ||||||||||||||
Carrying Amounts and Estimated Fair Value of Financial Assets and Liabilities Not Measured at Fair Value | |||||||||||||||||
For assets and liabilities that are not reported on the Consolidated Balance Sheets at fair value, the Company uses several different valuation methodologies as outlined below. | |||||||||||||||||
For financial instruments that have quoted market prices, those quotes are used to determine fair value. Financial instruments that have no defined maturity, have a remaining maturity of 180 days or less, or reprice frequently to a market rate, are assumed to have a fair value that approximates reported book value. If no market quotes are available, financial instruments are valued by discounting the expected cash flows using an estimated current market interest rate for the financial instrument. | |||||||||||||||||
Certain of the Company’s assets and liabilities are financial instruments whose fair value equals or closely approximates carrying value. Such financial instruments are reported in the following Consolidated Balance Sheet captions: cash and cash equivalents, retail repurchase agreements, FHLB advances and other borrowings. | |||||||||||||||||
Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect the premium or discount on any particular financial instrument that could result from the sale of the Company’s entire holdings. Because no ready market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on many judgments. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly impact the estimates. | |||||||||||||||||
Fair value estimates are based on existing on and off-balance sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not financial instruments. Significant assets and liabilities that are not financial instruments include those resulting from the Company’s mortgage-banking operations, the value of the long-term relationships with the Company’s deposit clients, deferred income taxes, and premises and equipment. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant impact on fair value estimates and have not been considered in the estimates. | |||||||||||||||||
Commitments to extend credit are primarily short-term and are generally at variable market interest rates. Commitments to extend credit may be terminated by the Company based on material adverse change clauses. Standby letters of credit are generally short-term and have no associated rate unless funding occurs. As such, commitments to extend credit and standby letters of credit are deemed to have no material fair value. | |||||||||||||||||
The following table summarizes the carrying amount and fair value for other financial instruments included in the Consolidated Balance Sheets at the dates indicated (in thousands) all of which are considered Level 3 fair value estimates. These fair value estimates are subject to fluctuation based on the amount and timing of expected cash flows as well as the choice of discount rate used in the present value calculation. The Company used management's best estimate of fair value. Thus, the fair values presented may not be the amounts that could be realized in an immediate sale or settlement of the instrument. In addition, any income taxes or other expenses that would be incurred in an actual sale or settlement are not taken into consideration in the fair values presented. | |||||||||||||||||
Carrying amount | Fair value | ||||||||||||||||
31-Dec-13 | |||||||||||||||||
Financial instruments - assets | |||||||||||||||||
Loans (1) | $ | 748,243 | $ | 748,330 | |||||||||||||
Financial instruments - liabilities | |||||||||||||||||
Deposits | 907,360 | 896,858 | |||||||||||||||
31-Dec-12 | |||||||||||||||||
Financial instruments - assets | |||||||||||||||||
Loans (1) | $ | 716,977 | $ | 724,005 | |||||||||||||
Financial instruments - liabilities | |||||||||||||||||
Deposits | 1,023,242 | 1,020,446 | |||||||||||||||
(1) Includes gross loans less impaired loans for which fair value exceeds carrying value and allowance for loan losses relative to loans collectively evaluated for impairment. |
Note_22_Regulatory_Capital_Req
Note 22 - Regulatory Capital Requirements and Dividend Restrictions | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||
Regulatory Capital Requirements under Banking Regulations [Text Block] | ' | ||||||||||||||||||||||||
22. Regulatory Capital Requirements and Dividend Restrictions | |||||||||||||||||||||||||
The following table summarizes the Company’s and the Bank’s actual and required capital ratios at the dates indicated (dollars in thousands). The Bank was classified in the well-capitalized category at December 31, 2013 and 2012. Since December 31, 2013, no conditions or events have occurred, of which the Company is aware, that have resulted in a material change in the Bank's risk category other than as reported in this Annual Report on Form 10-K. | |||||||||||||||||||||||||
Actual | For capital adequacy purposes | To be well capitalized under prompt corrective action provisions | |||||||||||||||||||||||
amount | ratio | amount | ratio | amount | ratio | ||||||||||||||||||||
At December 31, 2013 | |||||||||||||||||||||||||
Total capital to risk-weighted assets | |||||||||||||||||||||||||
Company | $ | 130,043 | 15.49 | % | $ | 67,142 | 8 | % | n/a | n/a | |||||||||||||||
Bank | 129,956 | 15.48 | 67,142 | 8 | $ | 83,928 | 10 | % | |||||||||||||||||
Tier 1 capital to risk-weighted assets | |||||||||||||||||||||||||
Company | 119,475 | 14.24 | 33,571 | 4 | n/a | n/a | |||||||||||||||||||
Bank | 119,388 | 14.23 | 33,571 | 4 | 50,357 | 6 | |||||||||||||||||||
Tier 1 leverage ratio | |||||||||||||||||||||||||
Company | 119,475 | 11.03 | 43,309 | 4 | n/a | n/a | |||||||||||||||||||
Bank | 119,388 | 11.03 | 43,311 | 4 | 54,138 | 5 | |||||||||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||
Total capital to risk-weighted assets | |||||||||||||||||||||||||
Company | $ | 115,182 | 14.42 | % | $ | 63,892 | 8 | % | n/a | n/a | |||||||||||||||
Bank | 115,077 | 14.41 | 63,892 | 8 | $ | 79,865 | 10 | % | |||||||||||||||||
Tier 1 capital to risk-weighted assets | |||||||||||||||||||||||||
Company | 105,098 | 13.16 | 31,946 | 4 | n/a | n/a | |||||||||||||||||||
Bank | 104,993 | 13.15 | 31,946 | 4 | 47,919 | 6 | |||||||||||||||||||
Tier 1 leverage ratio | |||||||||||||||||||||||||
Company | 105,098 | 9.18 | 45,771 | 4 | n/a | n/a | |||||||||||||||||||
Bank | 104,993 | 9.18 | 45,771 | 4 | 57,213 | 5 | |||||||||||||||||||
We are subject to certain regulatory requirements and restrictions related to credit quality and earnings, including a restriction prohibiting dividend payments from the Bank to the Company without prior approval from the Supervisory Authorities, and the maintenance of a specified leverage capital ratio. |
Note_23_Holding_Company_Conden
Note 23 - Holding Company Condensed Financial Information | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | ' | ||||||||||||
23. Holding Company Condensed Financial Information | |||||||||||||
Since the Company is a holding company and does not conduct operations, its primary sources of liquidity are equity issuances, dividends received from the Bank and funds received through stock option exercises. | |||||||||||||
The following tables summarize the holding company’s financial condition, results of operations and cash flows at the dates and for the periods indicated (in thousands). | |||||||||||||
Condensed Balance Sheets | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Assets | |||||||||||||
Cash and cash equivalents | $ | 87 | $ | 128 | |||||||||
Deferred tax asset, net | 364 | - | |||||||||||
Investment in subsidiary | 123,366 | 98,275 | |||||||||||
Total assets | $ | 123,817 | $ | 98,403 | |||||||||
Liabilities and shareholders' equity | |||||||||||||
Other liabilities | $ | - | $ | 23 | |||||||||
Shareholders' equity | 123,817 | 98,380 | |||||||||||
Total liabilities and shareholders' equity | $ | 123,817 | $ | 98,403 | |||||||||
Condensed Statements of Income (Loss) | |||||||||||||
For the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Equity in undistributed income (loss) of subsidiary | $ | 27,509 | $ | (1,738 | ) | $ | (23,154 | ) | |||||
Other operating expense | (142 | ) | (126 | ) | (246 | ) | |||||||
Net income (loss) before benefit for income taxes | 27,367 | (1,864 | ) | (23,400 | ) | ||||||||
Benefit for income taxes | (364 | ) | - | - | |||||||||
Net income (loss) | $ | 27,731 | $ | (1,864 | ) | $ | (23,400 | ) | |||||
Condensed Statements of Cash Flows | |||||||||||||
For the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Operating Activities | |||||||||||||
Net income (loss) | $ | 27,731 | $ | (1,864 | ) | $ | (23,400 | ) | |||||
Adjustments to reconcile net income (loss) to net cash used in operating activities | |||||||||||||
Increase in equity in undistributed (income) loss of subsidiary | (27,509 | ) | 1,738 | 23,154 | |||||||||
Increase in deferred tax assets, net | (364 | ) | - | - | |||||||||
Decrease in other assets | - | - | 12 | ||||||||||
Decrease in other liabilities | (23 | ) | (55 | ) | (707 | ) | |||||||
Net cash used in operating activities | (165 | ) | (181 | ) | (941 | ) | |||||||
Investing Activities | |||||||||||||
Capital contribution in subsidiary | - | (650 | ) | (8,556 | ) | ||||||||
Net cash used in investing activities | - | (650 | ) | (8,556 | ) | ||||||||
Financing Activities | |||||||||||||
Proceeds from issuance of common stock, net | - | - | 7,951 | ||||||||||
Proceeds from exercise of stock options | 124 | - | - | ||||||||||
Net cash provided by financing activities | 124 | - | 7,951 | ||||||||||
Net change in cash and due from banks | (41 | ) | (831 | ) | (1,546 | ) | |||||||
Cash and due from banks, beginning of period | 128 | 959 | 2,505 | ||||||||||
Cash and due from banks, end of period | $ | 87 | $ | 128 | $ | 959 | |||||||
Note_24_Related_Party_Transact
Note 24 - Related Party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions Disclosure [Text Block] | ' |
24. Related Party Transactions | |
Intercompany Transactions | |
Intercompany transactions include activities between the Company and the Bank. Prior to June 2013, the Pension Plan assets were administered by the Bank’s Trust department and were administered by professional investment firms as well as by investment professionals that were teammates of the Bank. Administration and management of the Pension Plan assets were transferred to a third party in June 2013. | |
Related Party Transactions | |
Certain Directors, Executive Officers, and their related interests are loan clients of the Bank. All such loans are made on substantially the same terms, including interest rates and collateral, as those prevailing at the same time for comparable transactions. The total loans outstanding to these related parties aggregated $1.8 million at both December 31, 2013 and 2012. During 2013, net paydowns on related party loans were $15 thousand. All such loans outstanding at December 31, 2013 were performing based on contractual terms. |
Note_25_Quarterly_Financial_Da
Note 25 - Quarterly Financial Data (Unaudited) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||
Quarterly Financial Information [Text Block] | ' | ||||||||||||||||||||
25. Quarterly Financial Data (Unaudited) | |||||||||||||||||||||
The following tables summarize selected quarterly financial data for the periods indicated (in thousands, except per share data). | |||||||||||||||||||||
For the year ended December 31, 2013 | |||||||||||||||||||||
First | Second | Third | Fourth | Total | |||||||||||||||||
quarter | quarter | quarter | quarter | ||||||||||||||||||
Interest income | $ | 10,864 | $ | 10,728 | $ | 10,523 | $ | 10,423 | $ | 42,538 | |||||||||||
Interest expense | 895 | 503 | 475 | 387 | 2,260 | ||||||||||||||||
Net interest income | 9,969 | 10,225 | 10,048 | 10,036 | 40,278 | ||||||||||||||||
Provision for loan losses | 350 | 670 | 645 | 1,800 | 3,465 | ||||||||||||||||
Net interest income after provision for loan losses | 9,619 | 9,555 | 9,403 | 8,236 | 36,813 | ||||||||||||||||
Investment securities gains (losses), net | - | 331 | (44 | ) | 23 | 310 | |||||||||||||||
Other noninterest income | 3,745 | 3,906 | 3,323 | 3,552 | 14,526 | ||||||||||||||||
Noninterest expense | 10,375 | 11,911 | 9,835 | 10,212 | 42,333 | ||||||||||||||||
Net income before provision (benefit) for income taxes | 2,989 | 1,881 | 2,847 | 1,599 | 9,316 | ||||||||||||||||
Provision (benefit) for income taxes | 813 | 382 | (19,386 | ) | (224 | ) | (18,415 | ) | |||||||||||||
Net income | $ | 2,176 | $ | 1,499 | $ | 22,233 | $ | 1,823 | $ | 27,731 | |||||||||||
Common and per share data | |||||||||||||||||||||
Net income - basic | $ | 0.17 | $ | 0.12 | $ | 1.74 | $ | 0.14 | $ | 2.17 | |||||||||||
Net income - diluted | 0.17 | 0.12 | 1.74 | 0.14 | 2.17 | ||||||||||||||||
For the year ended December 31, 2012 | |||||||||||||||||||||
First | Second | Third | Fourth | Total | |||||||||||||||||
quarter | quarter | quarter | quarter | ||||||||||||||||||
Interest income | $ | 12,025 | $ | 11,422 | $ | 11,076 | $ | 10,867 | $ | 45,390 | |||||||||||
Interest expense | 1,394 | 1,339 | 1,227 | 1,178 | 5,138 | ||||||||||||||||
Net interest income | 10,631 | 10,083 | 9,849 | 9,689 | 40,252 | ||||||||||||||||
Provision for loan losses | 2,700 | 8,450 | 600 | 1,325 | 13,075 | ||||||||||||||||
Net interest income after provision for loan losses | 7,931 | 1,633 | 9,249 | 8,364 | 27,177 | ||||||||||||||||
Investment secuities gains, net | - | 9,859 | - | 635 | 10,494 | ||||||||||||||||
Other noninterest income | 3,930 | 4,104 | 4,335 | 4,167 | 16,536 | ||||||||||||||||
Noninterest expense | 11,931 | 19,234 | 10,858 | 11,327 | 53,350 | ||||||||||||||||
Net income (loss) before provision (benefit) for income taxes | (70 | ) | (3,638 | ) | 2,726 | 1,839 | 857 | ||||||||||||||
Provision (benefit) for income taxes | 517 | 3,511 | (436 | ) | (871 | ) | 2,721 | ||||||||||||||
Net income (loss) | $ | (587 | ) | $ | (7,149 | ) | $ | 3,162 | $ | 2,710 | $ | (1,864 | ) | ||||||||
Common and per share data | |||||||||||||||||||||
Net income (loss) - basic | $ | (0.05 | ) | $ | (0.57 | ) | $ | 0.25 | $ | 0.21 | $ | (0.15 | ) | ||||||||
Net income (loss) - diluted | (0.05 | ) | (0.57 | ) | 0.25 | 0.21 | (0.15 | ) | |||||||||||||
Earnings per share disclosures for the three months ended September 30, 2013 were adjusted from those reported in the Quarterly Report for the three months ended September 30, 2013 as filed with the U.S. Securities and Exchange Commission (the “SEC”) to reflect the application of the two-class method as disclosed in Note 1, Summary of Significant Accounting Policies. The application of the two-class method reduced previously reported net income per basic and diluted share for the three months ended September 30, 2013 by $0.02 and $0.01, respectively. |
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 12 Months Ended | ||
Dec. 31, 2013 | |||
Accounting Policies [Abstract] | ' | ||
Nature of Operation [Policy Text Block] | ' | ||
Nature of Operations | |||
Palmetto Bancshares, Inc. is a South Carolina bank holding company organized in 1982 and headquartered in Greenville, South Carolina. The Company serves as the bank holding company for The Palmetto Bank (the “Bank”), which began operations in 1906. Through its Retail, Commercial and Wealth Management businesses, the Bank specializes in providing financial solutions to consumers and businesses with deposit and cash management products, loans (including consumer, Small Business Administration (“SBA”), commercial, corporate, mortgage, credit card and automobile), lines of credit, trust, brokerage, private banking, financial planning and insurance throughout our primary market area of the nine counties located in northwest South Carolina which includes the counties of Abbeville, Anderson, Cherokee, Greenville, Greenwood, Laurens, Oconee, Pickens, and Spartanburg (commonly referred to as the “Upstate”). | |||
Consolidation, Policy [Policy Text Block] | ' | ||
Principles of Consolidation / Basis of Presentation | |||
The accompanying Consolidated Financial Statements include the accounts of Palmetto Bancshares, Inc., the Bank and subsidiaries of the Bank (also collectively referred to as the “Company,” “we,” “us” or “our”). In management’s opinion, all significant intercompany accounts and transactions have been eliminated in consolidation, and all adjustments necessary for a fair presentation of the financial condition and results of operations for the periods presented have been included. Any such adjustments are of a normal and recurring nature. Assets held by the Company in a fiduciary or agency capacity for clients are not included in the Company’s Consolidated Financial Statements because those items do not represent assets of the Company. The accounting and financial reporting policies of the Company conform, in all material respects, to accounting principles generally accepted in the United States of America (“GAAP”) and to general practices within the financial services industry. | |||
Subsequent Events, Policy [Policy Text Block] | ' | ||
Subsequent Events | |||
Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet including the estimates inherent in the process of preparing financial statements. Unrecognized subsequent events are events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date. The Company has reviewed events occurring through the issuance date of the Consolidated Financial Statements and no subsequent events have occurred requiring accrual or disclosure in these financial statements other than those included in this Annual Report on Form 10-K. | |||
Segment Reporting, Policy [Policy Text Block] | ' | ||
Business Segments | |||
Operating segments are components of an enterprise about which separate financial information is available and evaluated regularly by the Company’s chief operating decision makers in deciding how to allocate resources and assess performance. Public enterprises are required to report a measure of segment profit or loss, certain specific revenue and expense items for each segment, segment assets and information about the way that the operating segments were determined, among other items. | |||
The Company considers business segments by analyzing distinguishable components that are engaged in providing individual products, services or groups of related products or services and that are subject to risks and returns that are different from those of other business segments. When determining whether products and services are related, the Company considers the nature of the products or services, the nature of the production processes, the type or class of client for which the products or services are designed and the methods used to distribute the products or provide the services. | |||
For the past several years, we have been realigning our organizational structure and more specifically delineating our businesess for improved accountability and go-to-market strategies. The Company has limited financial information for these businesses, and we do not yet have financial information that meets the criteria to be considered reportable segments. Accordingly, at December 31, 2013, the Company had one reportable segment, banking. | |||
Use of Estimates, Policy [Policy Text Block] | ' | ||
Use of Estimates | |||
In preparing the Consolidated Financial Statements, the Company’s management makes estimates and assumptions that impact the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates and for the periods indicated in the Consolidated Financial Statements. Actual results could differ from these estimates and assumptions. Therefore, the results of operations for the year ended December 31, 2013 are not necessarily indicative of the results of operations that may be expected in future periods. | |||
Reclassification, Policy [Policy Text Block] | ' | ||
Reclassifications | |||
Certain amounts previously presented in our Consolidated Financial Statements for prior periods have been reclassified to conform to current classifications. All such reclassifications had no impact on the prior periods’ net loss, comprehensive loss or shareholders’ equity as previously reported. | |||
Reverse Stock Split [Policy Text Block] | ' | ||
Reverse Stock Split | |||
On June 28, 2011, the Company completed a one-for-four reverse stock split of its common stock. In connection with the reverse stock split, every four shares of issued and outstanding common stock of the Company at June 28, 2011 were exchanged for one share of newly issued common stock of the Company. Fractional shares were rounded up to the next whole share. Other than the number of issued and outstanding shares of common stock disclosed in the Consolidated Statements of Changes in Shareholders’ Equity, all prior period share amounts reported herein have been retroactively restated to reflect the reverse stock split. | |||
Risk And Uncertainties [Policy Text Block] | ' | ||
Risk and Uncertainties | |||
In the normal course of business, the Company encounters two significant types of overall risk: economic and regulatory. There are three main components of economic risk: credit risk, market risk and concentration of credit risk. Credit risk is the risk of default on the Company's loan portfolio resulting from borrowers' inability or unwillingness to make contractually required interest and principal payments, default on repayment of investment securities and trading account assets, and the risk of other counterparties such as insurance providers failing to make contractually required payments to the Company. Market risk primarily includes interest-rate risk. The Company is exposed to interest-rate risk to the degree that its interest-bearing liabilities mature or reprice at different speeds, or different bases, than its interest-earning assets. Market risk also reflects the risk of declines in the valuation of investment securities, trading account assets, loans held for sale, the value of the collateral underlying loans and the value of real estate held by the Company. Concentration of credit risk refers to the risk that, if the Company extends a significant portion of its total outstanding credit to borrowers in a specific geographical area or industry or on the security of a specific form of collateral, the Company may experience disproportionately high levels of defaults and losses if those borrowers, or the value of such type of collateral, are adversely impacted by economic or other factors that are particularly applicable to such borrowers or collateral. Concentration of credit risk is also similarly applicable to the investment securities portfolio, trading account assets and bank-owned life insurance (“BOLI”) policies. | |||
The Company and the Bank are subject to the regulations of various government agencies. These regulations can and do change significantly from period to period. In addition, the Company and the Bank undergo periodic examinations by bank regulatory agencies which may subject us to changes with respect to asset and liability valuations, amount of required allowance for loan losses, capital levels or operating restrictions. | |||
Cash and Cash Equivalents, Policy [Policy Text Block] | ' | ||
Cash and Cash Equivalents | |||
Cash and cash equivalents may include cash, interest-bearing bank balances and federal funds sold. Generally, both cash and cash equivalents have maturities of three months or less, and accordingly, the carrying amount of these instruments is deemed to be a reasonable estimate of fair value. | |||
Federal Home Loan Bank Stock [Policy Text Block] | ' | ||
Federal Home Loan Bank Stock | |||
The Bank is a member of the Federal Home Loan Bank of Atlanta (the “FHLB”), which is one of 12 regional FHLBs that administer home financing credit for depository institutions. Each FHLB serves as a reserve or central bank for its members within its assigned region. It is funded primarily from proceeds derived from the sale of consolidated obligations of the FHLB System. It makes loans or advances to members in accordance with policies and procedures established by the Board of Directors of the FHLB, which are subject to the oversight of the Federal Housing Financing Board. All advances from the FHLB are required to be fully secured by collateral as determined by the FHLB. | |||
As an FHLB member, the Company is required to purchase and maintain stock in the FHLB. No ready market exists for this stock, and it has no quoted market value. The stock is recorded at historical cost and redemptions are conducted at book value. Purchases and redemptions are normally transacted each quarter to adjust the Company’s investment to an amount based on the FHLB requirements, and requests for redemptions are met at the discretion of the FHLB. The Company has experienced no interruption in such redemptions. Dividends are paid on this stock at the discretion of the FHLB. | |||
Marketable Securities, Trading Securities, Policy [Policy Text Block] | ' | ||
Trading Account Assets | |||
The Company invests in an account that is managed by a third party and invests in securities that are actively traded. Trading account assets are reported at estimated fair value as Trading account assets on the Consolidated Balance Sheet. Interest income on trading account assets is reported as interest income in the Consolidated Statement of Income (Loss). Unrealized gains and losses and realized gains and losses on the sales of trading account assets are included in Other noninterest income in the Consolidated Statement of Income (Loss). Account management fees and related expenses are included in Professional services expense. | |||
Marketable Securities, Available-for-sale Securities, Policy [Policy Text Block] | ' | ||
Investment Securities Available for Sale | |||
The Company’s investment securities are classified into three categories: held-to-maturity, trading and available for sale. Held-to-maturity investment securities include debt securities that the Company has the intent and ability to hold until maturity and are reported at amortized cost. Available for sale investment securities include debt and equity investment securities that the Company determines may be sold at a future date or that it does not have the intent or ability to hold to maturity. Available for sale investment securities are reported at fair value with unrealized gains and losses excluded from income and reported as a separate component of shareholders' equity, net of deferred income taxes. Any other-than-temporary impairment related to credit losses would be recognized through earnings while any other-than-temporary impairment related to other factors would be recognized in other comprehensive income (loss). Realized gains or losses on available for sale investment securities are computed on a specific identification basis. | |||
An other-than-temporary impairment analysis is conducted on a quarterly basis or more often if a potential loss-triggering event occurs. Investment securities are considered to be impaired on an other-than-temporary basis if it is probable that the issuer will be unable to make its contractual payments or if the Company no longer believes the security will recover within the estimated recovery period. Other-than-temporary impairment is recognized by evaluating separately other-than-temporary impairment losses due to credit issues and losses related to all other factors. Other-than-temporary impairment exists when it is more likely than not that the security will mature or be sold before its amortized cost basis can be recovered. For debt securities, the Company also considers the cause of the price decline such as the general level of interest rates and industry and issuer-specific factors, the issuer’s financial condition, near-term prospects and current ability to make future payments in a timely manner, the issuer’s ability to service debt, any change in agency ratings at evaluation date from acquisition date and any likely imminent action, and for asset-backed securities, the credit performance of the underlying collateral including delinquency rates, cumulative losses to date and the remaining credit enhancement compared to expected credit losses. Additionally, in determining if there is evidence of credit deterioration, the Company evaluates the severity of decline in market value below cost, the period of time for which the decline in fair value has existed and the financial condition and near-term prospects of the issuer including any specific events which may influence the operations of the issuer. | |||
Unamortized premiums and discounts are recognized in interest income over the contractual life of the security using the effective interest method. As principal repayments are received on securities a pro-rata portion of the unamortized premium or discount is recognized in interest income. Accretion of unamortized discounts is discontinued for investment securities that fall below investment grade. | |||
Mortgage Loans Held For Sale [Policy Text Block] | ' | ||
Mortgage and Other Loans Held for Sale | |||
Mortgage and other loans originated with the intent to sell, or for which a decision to sell is made subsequent to origination, are reported at the lower of cost or estimated fair value. Net unrealized losses, if necessary, are provided for through a valuation allowance charged to income. Gain or loss on sale of mortgage and other loans held for sale are recognized at the time of sale and are based on proceeds received, the value of any servicing rights recognized, the carrying amount of the loans at the time of sale and any interests the Company continues to hold based on relative fair value at the date of transfer. | |||
Policy Loans Receivable, Policy [Policy Text Block] | ' | ||
Loans | |||
Loans are reported at their outstanding principal balances net of any unearned income, charge-offs and unamortized deferred fees and direct loan origination costs. Unearned income, deferred fees and costs, and discounts and premiums are amortized to interest income over the contractual life of the loan. | |||
Past due and delinquent status is based on contractual terms. Interest income on loans deemed past due continues to accrue until the loan is placed in nonaccrual status. | |||
The accrual of interest income is discontinued when it is determined there is a more than normal risk of future uncollectibility. In most cases, loans are automatically placed in nonaccrual status when the loan payment becomes 90 days delinquent and no acceptable arrangement has been made between the Company and the client. The accrual of interest on some loans, however, may continue even after the loan becomes 90 days delinquent in special circumstances deemed appropriate by the Company. Loans may be manually placed in nonaccrual status if it is determined that some factor other than delinquency (such as imminent foreclosure or bankruptcy proceedings) causes the Company to believe that more than a normal amount of risk exists with regard to collectability. When a loan is placed in nonaccrual status, accrued interest income receivable is reversed. Thereafter, any cash payments received on a nonaccrual loan are applied as a principal reduction until the entire amortized cost of the loan has been recovered. Any additional amounts received are reflected in interest income. Loans are returned to accrual status when the loan is brought current and ultimate collectability of principal and interest is no longer in doubt. | |||
In situations where, for economic or legal reasons related to a client’s financial difficulties, a concession is granted to the client that the Company would not otherwise consider, the related loan is classified as a troubled debt restructuring. The restructuring of a loan may include the transfer from the client to the Company of real estate, receivables from third parties, other assets or an equity interest in the client in full or partial satisfaction of the loan, a modification of the loan terms or a combination of the above. The accrual of interest continues on a troubled debt restructuring as long as the loan is performing in accordance with the restructured terms. If the restructured loan is not performing in accordance with the restructured terms, the loan will be placed on nonaccrual status and will retain its status as a troubled debt restructuring. Loans classified as troubled debt restructurings may be removed from this status for disclosure purposes after a specified period of time if the restructured agreement specifies an interest rate equal to or greater than the rate that the lender was willing to accept at the time of the restructuring for a new loan with comparable risk, and the loan is performing in accordance with the terms specified by the restructured agreement. | |||
Nonrefundable fees and certain direct costs associated with the origination of loans are deferred and recognized as a yield adjustment over the contractual life of the related loan, or if the related loan is held for sale, until the loan is sold. Recognition of deferred fees and costs is discontinued on nonaccrual loans until they return to accrual status or are charged-off. Deferral of direct loan origination costs are reported as a reduction of Salaries and other personnel expense. | |||
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | ' | ||
Allowance for Loan Losses | |||
The allowance for loan losses represents an amount that the Company believes will be adequate to absorb probable losses inherent in the loan portfolio as of the balance sheet date. Assessing the adequacy of the allowance for loan losses is a process that requires considerable judgment. Judgment in determining the adequacy of the allowance is based on evaluations of the collectability of loans including consideration of factors such as the balance of impaired loans, the quality, mix, and size of the overall loan portfolio, economic conditions that may impact the overall loan portfolio or an individual borrower’s ability to repay, the amount and quality of collateral securing the loans, the Company’s historical loan loss experience and borrower and collateral specific considerations for loans individually evaluated for impairment. | |||
The allowance for loan losses is a reserve established through a provision for loan losses charged to expense. The allowance for loan losses represents the Company’s best estimate of probable inherent losses that have been incurred within the existing loan portfolio and is necessary to reserve for estimated probable loan losses inherent in the loan portfolio. The Company’s allowance for loan losses methodology is based on historical loss experience by loan type, specific homogeneous risk pools and specific loss allocations. The process for determining the appropriate level of the allowance for loan losses is designed to account for asset deterioration as it occurs. The provision for loan losses reflects loan quality trends including the levels of and trends related to nonaccrual loans, potential problem loans, criticized loans and loans charged-off or recovered, among other factors. | |||
The level of the allowance for loan losses reflects the Company’s continuing evaluation of specific lending risks, loan loss experience, current loan portfolio quality, present economic, political, and regulatory conditions and unidentified losses inherent in the current loan portfolio. Portions of the allowance for loan losses may be allocated for specific loans. However, the entire allowance for loan losses is available for any loan that, in the Company’s judgment, should be charged-off. The determination of the appropriate level of the allowance for loan losses inherently involves a high degree of subjectivity and requires significant estimates of current credit risks and future trends, all of which may undergo material changes. While the Company utilizes its best judgment and information available, the ultimate adequacy of the allowance for loan losses is dependent upon a variety of factors beyond the Company’s control including the performance of the loan portfolio, the economy, changes in interest rates and the view of the regulatory authorities toward loan classifications and collateral valuation. | |||
Allowances for loan losses on specific loans are recorded when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan. Specific allowances for loans considered individually significant and that exhibit probable or observed weaknesses are determined by analyzing, among other things, the borrower’s ability to repay amounts owed, guarantor support, collateral deficiencies, the relative risk rating of the loan and economic conditions impacting the client’s industry. The population of loans evaluated for potential impairment includes all loans that are currently or have previously been classified as troubled debt restructurings, all loans with Bank-funded interest reserves and significant individual loans in nonaccrual status. | |||
The starting point for the general component of the allowance is the historical loss experience of specific types of loans. Historical loss ratios are calculated for pools of similar loans with similar characteristics based on the proportion of actual loan net charge-offs to the total population of loans in the pool. A five-year look-back period is used to compute historical loss rates. However, given the increase in loan charge-offs beginning in 2009, since then a three-year look-back period has also been used for computing historical loss rates as an additional reference point in determining the allowance for loan losses. | |||
These historical loss percentages are increased or decreased for qualitative environmental factors derived from macroeconomic indicators and other factors. Qualitative factors considered in the determination of the allowance for loan losses include pervasive factors that generally impact clients across the loan portfolio (such as unemployment and the consumer price index) and factors that have specific implications to particular loan portfolios (such as residential home sales or commercial development). Factors evaluated may include, without limitation, changes in delinquent, nonaccrual and troubled debt restructured loan trends, trends in risk ratings and net loans charged-off, concentrations of credit, competition, legal and regulatory requirements, trends in the nature and volume of the loan portfolio, national and local economic and business conditions, collateral valuations, the experience and depth of lending management, lending policies and procedures, underwriting standards and practices, the quality of loan review systems and the degree of oversight by the Board of Directors, peer comparisons and other external factors. The general reserve portion of the allowance for loan losses determined using the historical loss rates and qualitative factors is then combined with the specific allowance on loans individually evaluated for impairment to determine the total allowance for loan losses. | |||
Loans identified as losses by management, internal loan review and/or bank examiners are charged-off. Each impaired loan is individually reviewed to determine whether the impairment should be recorded as a charge-off or a reserve based on an assessment of the status of the borrower and the underlying collateral. In general, for collateral-dependent loans, the impairment is recorded as a charge-off unless the fair value of the collateral was based on an internal valuation pending receipt of a third-party appraisal or other extenuating circumstances. Consumer loan accounts are generally charged-off based on predefined past due time periods. | |||
Loans that are determined to be troubled debt restructurings are considered impaired loans and are evaluated individually for potential impairment. Loans determined to be troubled debt restructuring that are performing in accordance with their restructured terms are evaluated for impairment based on discounted cash flows using the loan’s original contractual interest rate. Troubled debt restructuring loans that are no longer performing in accordance with their restructured terms, and for which ultimate collection is based on liquidation of the collateral, are evaluated for impairment based on the collateral value less estimated costs to sell. Each troubled debt restructuring is reviewed individually to determine whether the impairment should be recorded as a charge-off or a reserve based on an assessment of the status of the borrower and the underlying collateral. | |||
Reserve For Unfunded Commitments [Policy Text Block] | ' | ||
Reserve for Unfunded Commitments | |||
The Company estimates probable losses related to unfunded lending commitments. The same credit policies are used in making and monitoring lending commitments as are used for loan underwriting. Therefore, in general, the methodology to determine the reserve for unfunded commitments is inherently similar to that used to determine the general reserve component of the allowance for loan losses. However, commitments have fixed expiration dates, and most commitments to extend credit have adverse change clauses that allow the Company to cancel the commitments based on various factors including deterioration in the creditworthiness of the borrower. Accordingly, many of the loan commitments are expected to expire without being drawn upon and, therefore, the total commitment amounts do not necessarily represent potential credit exposure. The reserve for unfunded lending commitments is included in Other liabilities in the Consolidated Balance Sheets. Changes to the reserve for unfunded commitments are recorded through Other noninterest expense in the Consolidated Statements of Income (Loss). | |||
Property, Plant and Equipment, Policy [Policy Text Block] | ' | ||
Premises and Equipment, net | |||
Land is reported at cost. Buildings and improvements, furniture and equipment and software are reported at cost less accumulated depreciation computed principally by the straight-line method based on the estimated useful lives of the related asset. Estimated lives range from 12 to 39 years for buildings and improvements and from five to 12 years for furniture and equipment. Estimated lives range from three to five years for computer software. Estimated lives of automobiles are typically five years. Leasehold improvements are generally depreciated over the lesser of the lease term or the estimated useful lives of the improvements. | |||
Maintenance and repairs of such premises and equipment are expensed as incurred. Improvements that extend the useful lives of the respective assets are capitalized. | |||
Loans and Leases Receivable, Real Estate Acquired Through Foreclosure, Policy [Policy Text Block] | ' | ||
Foreclosed Real Estate | |||
Foreclosed real estate is initially recorded at fair value less estimated selling costs thereby establishing a new cost basis. Fair value of foreclosed real estate is subsequently reviewed regularly and writedowns are recorded when it is determined that the carrying value of the real estate exceeds the fair value less estimated selling costs. Subsequent increases in the fair value of foreclosed real estate are recognized through a reduction of the specific valuation allowance to the extent of previous writedowns. Writedowns resulting from the periodic re-evaluation of, costs related to holding, and gains and losses on the sale of foreclosed properties are charged against income. Costs to develop and improve foreclosed properties are capitalized. | |||
Loans and Leases Receivable, Mortgage Banking Activities, Policy [Policy Text Block] | ' | ||
Servicing Rights | |||
The Company recognizes residential mortgage-servicing rights assets and SBA loan servicing rights assets (collectively referred to as “servicing rights”) upon the sale of SBA and residential mortgage loans for which the Company retains the underlying servicing obligation. Servicing rights assets are initially measured at fair value and amortized to expense over the estimated life of the servicing obligation. | |||
The fair value of servicing rights is determined at the date of sale of the underlying loan using the present value of estimated future net servicing income using assumptions that market participants use in their valuation estimates. The Company presents its servicing rights assets at the lower of cost or fair value in Other assets in the Consolidated Balance Sheets. | |||
For servicing rights, we utilize the expertise of third-party consultants on a quarterly basis to determine, among other things, capitalization, impairment and amortization rates. Estimates of the amount and timing of prepayment rates, loan loss experience, costs to service loans and discount rates are evaluated by the third-party consultants, reviewed and approved by us and used to estimate the fair value of our servicing rights portfolio. Amortization of the servicing rights portfolio is based on the ratio of net servicing income received in the current period to total net servicing income projected to be realized from the servicing rights portfolio. Projected net servicing income is determined based on the estimated future balance of the underlying loan portfolio, which declines over time from prepayments and scheduled loan amortization. Expected prepayment rates are estimated based on current interest-rate levels, other economic conditions, market forecasts and relevant characteristics of the servicing rights portfolio such as loan types, interest-rate stratification and recent prepayment experience. | |||
Impairment valuations are based on projections using a discounted cash flow method that includes assumptions regarding prepayments, interest rates, servicing costs and other factors. Impairment is measured on a disaggregated basis for each stratum of the servicing rights, which is segregated based on predominate risk characteristics including interest rate and loan type. Subsequent increases in value are recognized to the extent of previously recorded impairment for each stratum. | |||
Bank-Owned Life Insurance [Policy Text Block] | ' | ||
Bank-Owned Life Insurance | |||
The Company has purchased life insurance policies on certain key employees (which we refer to as “teammate”). All premiums were paid by the Company and the Company is the sole beneficiary. These policies are recorded in the Consolidated Balance Sheets at their cash surrender value as provided by the insurance carriers. Income from these policies is recorded in other noninterest income. | |||
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | ' | ||
Impairment of Long-Lived Assets | |||
The Company periodically reviews the carrying value of its long-lived assets for impairment when events or circumstances indicate that the carrying amount of such assets may not be fully recoverable. For long-lived assets to be held and used, impairment is recognized when the carrying amount of a long-lived asset is not recoverable and exceeds its fair value. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. An impairment loss is the amount by which the carrying amount of a long-lived asset exceeds its fair value. | |||
Long-lived assets to be sold are classified as held for sale and are no longer depreciated. Long-lived assets classified as held for sale are recorded at the lower of carrying amount or fair value less estimated costs to sell and are included in Other assets in the Consolidated Balance Sheets. | |||
Comprehensive Income, Policy [Policy Text Block] | ' | ||
Accumulated Other Comprehensive Income (Loss) | |||
The Company reports changes in other comprehensive income (loss) in the Consolidated Statements of Comprehensive Income (Loss). Comprehensive income (loss) includes all changes in shareholders’ equity during a period except those resulting from transactions with shareholders. | |||
Changes in the market value of investment securities available for sale are recorded through accumulated other comprehensive income (loss). Additionally, accumulated other comprehensive income (loss) adjustments related to the defined benefit pension plan (the “Pension Plan”) are recorded on an annual basis. These adjustments relate to the actuarial gains and losses and the amortization of prior service costs and credits and any remaining transition amounts that had not yet been recognized through net periodic benefit cost. | |||
Income Tax, Policy [Policy Text Block] | ' | ||
Income Taxes | |||
The Company files consolidated federal and state income tax returns. Federal income tax expense or benefit is allocated to the Bank on a separate return basis. The Company accounts for income taxes based on two components of income tax expense: current and deferred. Current income tax expense approximates taxes to be paid or refunded for the current period and includes income tax expense related to uncertain tax positions, if any. Interest and penalties, if any, are recognized as a component of income tax expense. | |||
Deferred income taxes are determined using the balance sheet method. Under this method, the net deferred tax asset or liability is based on the tax impacts of the differences between the book and tax bases of assets and liabilities and recognizes enacted changes in tax rates and laws in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized subject to the Company’s judgment that realization is more likely than not. A tax position that meets the more likely than not recognition threshold is measured to determine the amount of benefit to recognize. The tax position is measured at the largest amount of benefit that is greater than 50% likely of being realized upon settlement. | |||
The Company reviews deferred tax assets for recoverability based on carryback ability, history of earnings, expectations for future earnings and the expected timing of reversals of temporary differences. Realization of a deferred tax asset ultimately depends on the existence of sufficient taxable income available under tax law including future reversals of existing temporary differences, future taxable income exclusive of reversing differences, taxable income in prior carryback years, projections of future operating results, cumulative tax losses over the past three years, tax loss deductibility limitations and available tax planning strategies. If, based on available information, it is more likely than not that the deferred income tax asset will not be realized, a valuation allowance against the deferred tax asset must be established with a corresponding charge to income tax expense. | |||
Earnings Per Share, Policy [Policy Text Block] | ' | ||
Net Income (Loss) per Common Share | |||
Basic net income (loss) per common share is computed by dividing net income (loss) available to common shareholders by the weighted-average number of common shares outstanding during the period. Net income (loss) available to common shareholders represents income (loss) applicable to common shareholders which is net income (loss) less income allocated to participating securities. For diluted net income (loss) per common share, the denominator is increased to include the number of additional common shares that would have been outstanding if dilutive potential common shares had been issued. If dilutive, common stock equivalents are calculated for stock options and restricted stock using the treasury stock method. Potential common shares are not included in the denominator of the diluted net income (loss) per common share computation when inclusion would be anti-dilutive. | |||
Participating securities are unvested share-based payment awards that contain nonforfeitable rights to dividends and are included in computing net income per common share using the two-class method. The two-class method is an earnings allocation formula under which net income per share is calculated for participating securities according to dividends declared and undistributed earnings. Under this method, all earnings, distributed and undistributed, are allocated to participating securities and common shares based on their respective rights to receive dividends. For purposes of applying the two-class method, the Company’s unvested restricted stock awards are considered participating securities since those shares have a nonforfeitable right to any cash dividends declared and paid to common shareholders. For additional disclosure regarding the Company’s restricted stock awards, see Note 17, Equity-Based Compensation. | |||
Postemployment Benefit Plans, Policy [Policy Text Block] | ' | ||
Pension Plan | |||
The funded status of our Pension Plan is the difference between the plan assets and the projected benefit obligation at the balance sheet date. The underfunded status of our Pension Plan is recognized on the Consolidated Balance Sheets in Other liabilities. | |||
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | ' | ||
Equity-Based Compensation | |||
Compensation expense for restricted stock and stock option awards is measured at fair value and recognized as compensation expense in the Consolidated Statements of Income (Loss) over the service period for grants that have time / service-based vesting provisions. The fair value of restricted stock is determined based on the fair value of the common stock at the time of the grant. The fair value of stock options is estimated using an option-pricing model that takes into account fair value of the Company’s common stock, volatility measures, level of interest rates, term of the option and estimated prevesting forfeiture rates. | |||
Forfeitures are accounted for by eliminating compensation expense for unvested shares as forfeitures occur. Stock option and restricted stock awards are subject to pro-rata restrictions as to continuous employment for a specified time period following the date of grant. In addition, certain stock option and restricted stock awards are also subject to specified performance objectives. During these restriction periods, the holder of restricted stock awards is entitled to full voting rights and any dividends declared. | |||
Derivatives, Policy [Policy Text Block] | ' | ||
Derivative Financial Instruments and Hedging Activities | |||
All derivatives are recognized as either assets or liabilities in the Consolidated Balance Sheets and measured at fair value. Changes in the fair value of derivatives are reported in current earnings or other comprehensive income depending on the purpose for which the derivative is held and whether the Company elects and the derivative qualifies for hedge accounting. The Company did not apply hedge accounting to any of its derivative instruments for the years ended December 31, 2013, 2012 or 2011. As a result, all of the changes in fair value of derivatives are reported in current earnings. | |||
The Company’s only derivative instruments are related to its mortgage-banking activities. The Company originates certain residential mortgage loans with the intention of selling these loans. Between the time the Company enters into an interest-rate lock commitment to originate a residential mortgage loan and the time the loan is closed and sold, the Company is subject to variability in market prices related to these commitments. The Company also enters into forward sale agreements of “to-be-issued” loans. The commitments to originate residential mortgage loans and forward sales commitments are freestanding derivative instruments. Fair value adjustments on these derivative instruments are recorded within Mortgage-banking income in the Consolidated Statements of Income (Loss). | |||
Fair Value Measurement, Policy [Policy Text Block] | ' | ||
Fair Value Measurements | |||
The Company provides disclosures about the fair value of assets and liabilities recognized in the Consolidated Balance Sheets in periods subsequent to initial recognition including whether the measurements are made on a recurring basis (for example, trading account assets and investment securities available for sale) or on a nonrecurring basis (for example, mortgage and other loans held for sale). | |||
Fair value is defined as the price that would be received to sell the asset or paid to transfer the liability in an orderly transaction between market participants at the measurement date. Accounting standards establish a three-level hierarchy for disclosure of assets and liabilities recorded at fair value. The classification of assets and liabilities within the hierarchy is based on whether the inputs to the valuation methodology used for measurement are observable or unobservable. Observable inputs reflect market-derived or market-based information obtained from independent sources while unobservable inputs reflect our estimates of market data. The three-level hierarchy that is used to classify fair value measurements includes: | |||
● | Level 1 – Valuation is based on quoted prices for identical instruments traded in active markets. Level 1 instruments generally include securities traded on active exchange markets, such as the New York Stock Exchange or NASDAQ, as well as securities that are traded by dealers or brokers in active over-the-counter markets. Instruments the Company classifies as Level 1 are instruments that have been priced directly from dealer trading desks and represent actual prices at which such securities have traded within active markets. Level 1 instruments also include other loans held for sale and foreclosed real estate for which binding sales contracts have been entered into as of the balance sheet date. | ||
● | Level 2 – Valuation is based on quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques, such as matrix pricing, for which all significant assumptions are observable in the market. Instruments the Company classifies as Level 2 include securities that are valued based on pricing models that use relevant observable information generated by transactions that have occurred in the market place involving similar securities. Level 2 instruments also include mortgage loans held for sale that are valued based on prices for other mortgage whole loans with similar characteristics and other loans held for sale as well as impaired loans and foreclosed real estate valued by independent collateral appraisals based on recent sales of comparable properties. | ||
● | Level 3 – Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect our estimate of assumptions market participants would use in pricing the asset or liability. Valuation techniques include use of option-pricing models, discounted cash flow models and similar techniques. | ||
The Company attempts to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements. When available, the Company uses quoted market prices to measure fair value. If market prices are not available, fair value measurement is based on models that use primarily market-based or independently-sourced market parameters. In certain cases when observable market inputs for model-based valuation techniques may not be readily available, the Company is required to make judgments about assumptions market participants would use in estimating the fair value of the financial instrument. | |||
The degree of management judgment involved in determining the fair value of an instrument is dependent upon the availability of quoted market prices or observable market parameters. For instruments that trade actively and have quoted market prices or observable market parameters, there is minimal subjectivity involved in measuring fair value. When observable market prices and parameters are not fully available, management judgment is necessary to estimate fair value. In addition, changes in market conditions may reduce the availability of quoted prices or observable data. For example, reduced liquidity in the capital markets or changes in secondary-market activities could result in observable market inputs becoming unavailable. When significant adjustments to available observable inputs are required, it may be appropriate to utilize an estimate based primarily on unobservable inputs. When an active market for a security does not exist, the use of management estimates that incorporate current market participant expectations of future cash flows and appropriate risk premiums is acceptable. | |||
Stockholders' Equity, Policy [Policy Text Block] | ' | ||
Valuation of the Company’s Common Stock | |||
The Company utilizes the market price of its common stock within various valuations and calculations relating to the Pension Plan assets, teammate retirement accounts, granting of equity-based compensation awards, the calculation of diluted net income (loss) per common share and the valuation of such stock serving as loan collateral. | |||
On August 18, 2011, shares of the Company’s common stock began trading on the NASDAQ Capital Market (“NASDAQ”) under the symbol PLMT. The Company uses the closing price of its common stock as reported on NASDAQ to obtain the value of its common stock as of each valuation date or award date. | |||
New Accounting Pronouncements, Policy [Policy Text Block] | ' | ||
Recently Adopted Authoritative Pronouncements | |||
In December 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2011-11 Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities (“ASU 2011-11”) to enhance disclosures about financial instruments and derivative instruments that are subject to offsetting (“netting”) in balance sheets. ASU 2011-11 requires disclosure of both gross information and net information about instruments and transactions eligible for offset or subject to an agreement similar to a master netting agreement. In addition to the quantitative disclosures, entities also are required to provide a description of rights of setoff associated with recognized assets and recognized liabilities subject to enforceable master netting arrangements or similar agreements. The Company adopted ASU 2011-11 on January 1, 2013. The adoption of ASU 2011-11 did not have a material impact on the Company’s financial position, results of operations or cash flows. | |||
In January 2013, the FASB issued ASU 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities (“ASU 2013-01”) to address questions about the scope of balance sheet offsetting guidance pursuant to master netting arrangements as outlined in ASU 2011-11. Specifically, ASU 2013-01 clarifies that ordinary trade receivables and receivables are not in the scope of ASU 2011-11. ASU 2011-11 applies only to derivatives, repurchase agreements and reverse purchase agreements and securities borrowing and securities lending transactions that are either offset in accordance with specific criteria contained in U.S. GAAP or subject to a master netting arrangement or similar agreement. The amendments were effective for the Company on January 1, 2013. The adoption of ASU 2013-01 did not have a material impact on the Company’s financial position, results of operations or cash flows. | |||
In February 2013, the FASB issued ASU 2013-02 Comprehensive Income (Topic 220): Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income (“ASU 2013-02”) to address the reporting of amounts reclassified out of accumulated other comprehensive income. Specifically, the amendments do not change the current requirements for reporting net income or other comprehensive income in financial statements. However, the amendments do require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, in certain circumstances an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income. The Company adopted the provisions of ASU 2013-02 effective January 1, 2013. The adoption of ASU 2013-02 did not have a material impact on the Company’s financial position, results of operations or cash flows. | |||
In July 2013, the FASB issued ASU 2013-10 Derivatives and Hedging (Topic 815): Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes (“ASU 2013-10”) to provide guidance on the risks that are permitted to be hedged in a fair value or cash flow hedge. Among those risks for financial assets and financial liabilities is the risk of changes in a hedged item’s fair value or a hedged transaction’s cash flows attributable to changes in the designated benchmark interest rate (referred to as interest-rate risk). The provisions were effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. The adoption of ASU 2013-10 did not have a material impact on the Company’s financial position, results of operations or cash flows. | |||
Description of New Accounting Pronouncements Not yet Adopted [Text Block] | ' | ||
Recently Issued Authoritative Pronouncements | |||
In July 2013, the FASB issued ASU 2013-11 Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”) to provide guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists thereby reducing diversity in practice. The amendments in ASU 2013-11 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Early adoption is permitted. The amendments are to be applied prospectively to all unrecognized tax benefits that exist at the effective date with retrospective application permitted. The Company does not expect the adoption of ASU 2013-11 to have a material impact on its financial position, results of operations or cash flows. | |||
In December 2013, the FASB amended the Master Glossary of the FASB Codification to define “Public Business Entity” to minimize the inconsistency and complexity of having multiple definitions of, or a diversity in practice as to what constitutes, a nonpublic entity and public entity within GAAP. The amendment does not affect existing requirements, however it will be used by the FASB, the Private Company Council and the Emerging Issues Task Force in specifying the scope of future financial accounting and reporting guidance. The Company does not expect this amendment to have a material impact on its financial position, results of operations or cash flows. | |||
In January 2014, the FASB issued ASU 2014-01, Investments – Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects (a Consensus of the FASB Emerging Issues Task Force) (“ASU 2014-01”) to modify the criteria an entity must meet to account for a low-income housing tax credit investment by using the measurement and presentation alternative in ASC 323-740. This method permits an investment’s performance to be presented net of the related tax benefits as part of income tax expense. ASU 2014-01 is likely to increase the number of low-income housing tax credit investments that would qualify for this method. The new guidance also simplifies the amortization method an entity uses when it qualifies for and elects to apply the accounting permitted under ASC 323-740 by establishing a proportional-amortization method that replaces the effective-yield method previously required. The amendments should be applied retrospectively to all periods presented and are effective for public entities for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2014. The Company does not expect the adoption of ASU 2014-01to have a material impact on its financial position, results of operations or cash flows. | |||
Other accounting standards that have been recently issued by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows. |
Note_3_Trading_Account_Assets_
Note 3 - Trading Account Assets (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||||||
Trading Securities [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Municipal bonds | $ | 3,771 | |||||||||||||||||||||||||||||||||||
Insured bank deposits | 1,347 | ||||||||||||||||||||||||||||||||||||
Total trading account assets | $ | 5,118 | |||||||||||||||||||||||||||||||||||
Gain (Loss) on Investments [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Municipal bonds | |||||||||||||||||||||||||||||||||||||
Realized gains, net | $ | 139 | |||||||||||||||||||||||||||||||||||
Unrealized gains, net due to changes in fair value relative to assets held at end of period | 31 | ||||||||||||||||||||||||||||||||||||
Total trading account gains, net | $ | 170 | |||||||||||||||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Municipal | |||||||||||||||||||||||||||||||||||||
bonds | |||||||||||||||||||||||||||||||||||||
Aaa | 13 | % | |||||||||||||||||||||||||||||||||||
Aa1 - A3 | 67 | ||||||||||||||||||||||||||||||||||||
Baa1 | 2 | ||||||||||||||||||||||||||||||||||||
Not rated | 18 | ||||||||||||||||||||||||||||||||||||
Total | 100 | % | |||||||||||||||||||||||||||||||||||
Municipal | |||||||||||||||||||||||||||||||||||||
bonds | |||||||||||||||||||||||||||||||||||||
Aaa | 18 | % | |||||||||||||||||||||||||||||||||||
Aa+ | 13 | ||||||||||||||||||||||||||||||||||||
Aa - A- | 57 | ||||||||||||||||||||||||||||||||||||
Not rated | 12 | ||||||||||||||||||||||||||||||||||||
Total | 100 | % | |||||||||||||||||||||||||||||||||||
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||||||
Amortized cost | Gross | Gross | Fair value | ||||||||||||||||||||||||||||||||||
unrealized | unrealized | ||||||||||||||||||||||||||||||||||||
gains | losses | ||||||||||||||||||||||||||||||||||||
State and municipal | $ | 7,393 | $ | 138 | $ | (71 | ) | $ | 7,460 | ||||||||||||||||||||||||||||
Collateralized mortgage obligations (federal agencies) | 97,303 | 30 | (4,201 | ) | 93,132 | ||||||||||||||||||||||||||||||||
Other mortgage-backed (federal agencies) | 76,852 | 95 | (927 | ) | 76,020 | ||||||||||||||||||||||||||||||||
SBA loan-backed (federal agency) | 37,655 | 258 | (142 | ) | 37,771 | ||||||||||||||||||||||||||||||||
Total investment securities available for sale | $ | 219,203 | $ | 521 | $ | (5,341 | ) | $ | 214,383 | ||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Amortized cost | Gross | Gross | Fair value | ||||||||||||||||||||||||||||||||||
unrealized | unrealized | ||||||||||||||||||||||||||||||||||||
gains | losses | ||||||||||||||||||||||||||||||||||||
State and municipal | $ | 11,247 | $ | 283 | $ | - | $ | 11,530 | |||||||||||||||||||||||||||||
Collateralized mortgage obligations (federal agencies) | 122,444 | 1,219 | (155 | ) | 123,508 | ||||||||||||||||||||||||||||||||
Other mortgage-backed (federal agencies) | 62,581 | 1,328 | (92 | ) | 63,817 | ||||||||||||||||||||||||||||||||
SBA loan-backed (federal agency) | 65,828 | 182 | (363 | ) | 65,647 | ||||||||||||||||||||||||||||||||
Total investment securities available for sale | $ | 262,100 | $ | 3,012 | $ | (610 | ) | $ | 264,502 | ||||||||||||||||||||||||||||
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||||||||||||||||||||
# | Fair value | Gross unrealized losses | # | Fair value | Gross unrealized losses | # | Fair value | Gross unrealized losses | |||||||||||||||||||||||||||||
State and municipal | 1 | $ | 1,010 | $ | 71 | - | $ | - | $ | - | 1 | $ | 1,010 | $ | 71 | ||||||||||||||||||||||
Collateralized mortgage obligations (federal agencies) | 14 | 62,251 | 2,863 | 9 | 29,123 | 1,338 | 23 | 91,374 | 4,201 | ||||||||||||||||||||||||||||
Other mortgage-backed (federal agencies) | 20 | 64,428 | 774 | 1 | 1,517 | 153 | 21 | 65,945 | 927 | ||||||||||||||||||||||||||||
SBA loan-backed (federal agency) | 4 | 14,468 | 73 | 3 | 5,306 | 69 | 7 | 19,774 | 142 | ||||||||||||||||||||||||||||
Total | 39 | $ | 142,157 | $ | 3,781 | 13 | $ | 35,946 | $ | 1,560 | 52 | $ | 178,103 | $ | 5,341 | ||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Less than 12 months | 12 months or longer | Total | |||||||||||||||||||||||||||||||||||
# | Fair value | Gross unrealized losses | # | Fair value | Gross unrealized losses | # | Fair value | Gross unrealized losses | |||||||||||||||||||||||||||||
Collateralized mortgage obligations (federal agencies) | 7 | $ | 23,301 | $ | 109 | 9 | $ | 9,547 | $ | 46 | 16 | $ | 32,848 | $ | 155 | ||||||||||||||||||||||
Other mortgage-backed (federal agencies) | 3 | 14,586 | 92 | - | - | - | 3 | 14,586 | 92 | ||||||||||||||||||||||||||||
SBA loan-backed (federal agency) | 6 | 25,115 | 363 | - | - | - | 6 | 25,115 | 363 | ||||||||||||||||||||||||||||
Total | 16 | $ | 63,002 | $ | 564 | 9 | $ | 9,547 | $ | 46 | 25 | $ | 72,549 | $ | 610 | ||||||||||||||||||||||
Available For Sale Securities Credit Rating by Moody's [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
State and municipal | Collateralized mortgage obligations (federal agencies) | Other mortgage-backed (federal agencies) | SBA loan-backed (federal agency) | ||||||||||||||||||||||||||||||||||
Aaa | - | % | 100 | % | 100 | % | 100 | % | |||||||||||||||||||||||||||||
Aa1 - A1 | 77 | - | - | - | |||||||||||||||||||||||||||||||||
Baa1 | 6 | - | - | - | |||||||||||||||||||||||||||||||||
Not rated | 17 | - | - | - | |||||||||||||||||||||||||||||||||
Total | 100 | % | 100 | % | 100 | % | 100 | % | |||||||||||||||||||||||||||||
State and municipal | Collateralized mortgage obligations (federal agencies) | Other mortgage-backed (federal agencies) | SBA loan-backed (federal agency) | ||||||||||||||||||||||||||||||||||
Aaa | - | % | - | % | 2 | % | - | % | |||||||||||||||||||||||||||||
Aa+ | - | 100 | 98 | 100 | |||||||||||||||||||||||||||||||||
Aa - Aa- | 33 | - | - | - | |||||||||||||||||||||||||||||||||
Not rated | 67 | - | - | - | |||||||||||||||||||||||||||||||||
Total | 100 | % | 100 | % | 100 | % | 100 | % | |||||||||||||||||||||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Amortized cost | Fair value | ||||||||||||||||||||||||||||||||||||
Due in one year or less | $ | 3,978 | $ | 4,018 | |||||||||||||||||||||||||||||||||
Due after one year through five years | 2,334 | 2,432 | |||||||||||||||||||||||||||||||||||
Due after five years through ten years | 1,081 | 1,010 | |||||||||||||||||||||||||||||||||||
Due after ten years | - | - | |||||||||||||||||||||||||||||||||||
State and municipal | 7,393 | 7,460 | |||||||||||||||||||||||||||||||||||
Due in one year or less | 3,570 | 3,592 | |||||||||||||||||||||||||||||||||||
Due after one year through five years | 13,833 | 13,421 | |||||||||||||||||||||||||||||||||||
Due after five years through ten years | 79,900 | 76,119 | |||||||||||||||||||||||||||||||||||
Due after ten years | - | - | |||||||||||||||||||||||||||||||||||
Collateralized mortgage obligations (federal agencies) | 97,303 | 93,132 | |||||||||||||||||||||||||||||||||||
Due in one year or less | - | - | |||||||||||||||||||||||||||||||||||
Due after one year through five years | 40,158 | 40,076 | |||||||||||||||||||||||||||||||||||
Due after five years through ten years | 17,209 | 16,800 | |||||||||||||||||||||||||||||||||||
Due after ten years | 19,485 | 19,144 | |||||||||||||||||||||||||||||||||||
Other mortgage-backed (federal agencies) | 76,852 | 76,020 | |||||||||||||||||||||||||||||||||||
Due in one year or less | - | - | |||||||||||||||||||||||||||||||||||
Due after one year through five years | 25,978 | 25,966 | |||||||||||||||||||||||||||||||||||
Due after five years through ten years | 2,851 | 2,836 | |||||||||||||||||||||||||||||||||||
Due after ten years | 8,826 | 8,969 | |||||||||||||||||||||||||||||||||||
SBA loan-backed (federal agency) | 37,655 | 37,771 | |||||||||||||||||||||||||||||||||||
Total investment securities available for sale | $ | 219,203 | $ | 214,383 | |||||||||||||||||||||||||||||||||
Schedule of Available for Sale Securities Pledged as Collateral [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||
Public funds deposits | $ | 119,591 | $ | 106,642 | |||||||||||||||||||||||||||||||||
Federal Reserve line of credit | 1,411 | 1,583 | |||||||||||||||||||||||||||||||||||
Total investment securities available for sale pledged | $ | 121,002 | $ | 108,225 | |||||||||||||||||||||||||||||||||
Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
For the years ended December 31, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Realized gains | $ | 471 | $ | 10,499 | $ | 157 | |||||||||||||||||||||||||||||||
Realized losses | (161 | ) | (5 | ) | - | ||||||||||||||||||||||||||||||||
Net realized gains | $ | 310 | $ | 10,494 | $ | 157 |
Note_5_Loans_Tables
Note 5 - Loans (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||
Note 5 - Loans (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||||||
Schedule of Gross Loans and Commercial Loans [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||
Total | % of total | Total | % of total | ||||||||||||||||||||||||||||||||||
Commercial real estate | $ | 455,452 | 59.4 | % | $ | 459,212 | 62.1 | % | |||||||||||||||||||||||||||||
Single-family residential | 178,125 | 23.2 | 168,180 | 22.8 | |||||||||||||||||||||||||||||||||
Commercial and industrial | 73,078 | 9.5 | 51,661 | 7 | |||||||||||||||||||||||||||||||||
Consumer | 50,099 | 6.5 | 50,574 | 6.8 | |||||||||||||||||||||||||||||||||
Other | 10,759 | 1.4 | 9,431 | 1.3 | |||||||||||||||||||||||||||||||||
Total loans | $ | 767,513 | 100 | % | $ | 739,058 | 100 | % | |||||||||||||||||||||||||||||
Less: other loans held for sale | - | (776 | ) | ||||||||||||||||||||||||||||||||||
Loans, gross | $ | 767,513 | $ | 738,282 | |||||||||||||||||||||||||||||||||
Summary of Loans Secured by Commercial Real Estate [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Total commercial real estate loans | % of gross loans | % of Bank's total regulatory capital | |||||||||||||||||||||||||||||||||||
Secured by commercial real estate | |||||||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 76,558 | 10 | % | 58.9 | % | |||||||||||||||||||||||||||||||
Multifamily residential | 10,417 | 1.3 | 8 | ||||||||||||||||||||||||||||||||||
Nonfarm nonresidential | 368,477 | 48 | 283.6 | ||||||||||||||||||||||||||||||||||
Total loans secured by commercial real estate | $ | 455,452 | 59.3 | % | 350.5 | % | |||||||||||||||||||||||||||||||
Summary of Loans Secured by Commercial Real Estate by Category [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Total commercial real estate loans | % of gross loans | % of Bank's total regulatory capital | |||||||||||||||||||||||||||||||||||
Development commercial real estate loans | |||||||||||||||||||||||||||||||||||||
Secured by: | |||||||||||||||||||||||||||||||||||||
Land - unimproved (commercial or residential) | $ | 19,636 | 2.6 | % | 15.1 | % | |||||||||||||||||||||||||||||||
Land development - commercial | 7,632 | 1 | 5.9 | ||||||||||||||||||||||||||||||||||
Land development - residential | 8,047 | 1 | 6.2 | ||||||||||||||||||||||||||||||||||
Commercial construction: | |||||||||||||||||||||||||||||||||||||
Retail | 1,702 | 0.2 | 1.3 | ||||||||||||||||||||||||||||||||||
Office | 5,839 | 0.8 | 4.5 | ||||||||||||||||||||||||||||||||||
Multifamily | 8,430 | 1.1 | 6.5 | ||||||||||||||||||||||||||||||||||
Industrial and warehouse | 614 | 0.1 | 0.5 | ||||||||||||||||||||||||||||||||||
Miscellaneous commercial | 7,739 | 1 | 5.9 | ||||||||||||||||||||||||||||||||||
Total development commercial real estate loans | 59,639 | 7.8 | 45.9 | ||||||||||||||||||||||||||||||||||
Existing and other commercial real estate loans | |||||||||||||||||||||||||||||||||||||
Secured by: | |||||||||||||||||||||||||||||||||||||
Hotel / motel | 54,439 | 7.1 | 41.9 | ||||||||||||||||||||||||||||||||||
Retail | 24,981 | 3.2 | 19.2 | ||||||||||||||||||||||||||||||||||
Office | 13,031 | 1.7 | 10 | ||||||||||||||||||||||||||||||||||
Multifamily | 10,417 | 1.4 | 8 | ||||||||||||||||||||||||||||||||||
Industrial and warehouse | 7,770 | 1 | 6 | ||||||||||||||||||||||||||||||||||
Healthcare | 13,901 | 1.8 | 10.7 | ||||||||||||||||||||||||||||||||||
Miscellaneous commercial | 111,129 | 14.5 | 85.5 | ||||||||||||||||||||||||||||||||||
Residential construction - speculative | 162 | - | 0.2 | ||||||||||||||||||||||||||||||||||
Total existing and other commercial real estate loans | 235,830 | 30.7 | 181.5 | ||||||||||||||||||||||||||||||||||
Commercial real estate owner-occupied and residential loans | |||||||||||||||||||||||||||||||||||||
Secured by: | |||||||||||||||||||||||||||||||||||||
Commercial - owner-occupied | 143,226 | 18.6 | 110.2 | ||||||||||||||||||||||||||||||||||
Commercial construction - owner-occupied | 8,929 | 1.2 | 6.9 | ||||||||||||||||||||||||||||||||||
Residential construction - contract | 7,828 | 1 | 6 | ||||||||||||||||||||||||||||||||||
Total commercial real estate owner-occupied and residential loans | 159,983 | 20.8 | 123.1 | ||||||||||||||||||||||||||||||||||
Total loans secured by commercial real estate | $ | 455,452 | 59.3 | % | 350.5 | % | |||||||||||||||||||||||||||||||
Financing Receivable Internally Assigned Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Construction, land development and other land loans | Multifamily residential | Nonfarm nonresidential | Total commercial real estate | ||||||||||||||||||||||||||||||||||
Grade 1 | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||||||||||||
Grade 2 | - | - | - | - | |||||||||||||||||||||||||||||||||
Grade 3 | 10,025 | 259 | 69,954 | 80,238 | |||||||||||||||||||||||||||||||||
Grade 4 | 34,654 | 887 | 171,585 | 207,126 | |||||||||||||||||||||||||||||||||
Grade W | 8,679 | 9,079 | 83,843 | 101,601 | |||||||||||||||||||||||||||||||||
Grade 5 | 2,202 | - | 16,727 | 18,929 | |||||||||||||||||||||||||||||||||
Grade 6 | 4,400 | 181 | 24,352 | 28,933 | |||||||||||||||||||||||||||||||||
Grade 7 | 803 | - | 1,604 | 2,407 | |||||||||||||||||||||||||||||||||
Not risk rated* | 15,795 | 11 | 412 | 16,218 | |||||||||||||||||||||||||||||||||
Total | $ | 76,558 | $ | 10,417 | $ | 368,477 | $ | 455,452 | |||||||||||||||||||||||||||||
Schedules of Internal Quality Indicators on Commercial and Industrial [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | |||||||||||||||||||||||||||||||||||||
Grade 1 | $ | 879 | |||||||||||||||||||||||||||||||||||
Grade 2 | 1,186 | ||||||||||||||||||||||||||||||||||||
Grade 3 | 8,830 | ||||||||||||||||||||||||||||||||||||
Grade 4 | 51,167 | ||||||||||||||||||||||||||||||||||||
Grade W | 5,151 | ||||||||||||||||||||||||||||||||||||
Grade 5 | 2,361 | ||||||||||||||||||||||||||||||||||||
Grade 6 | 2,923 | ||||||||||||||||||||||||||||||||||||
Grade 7 | 494 | ||||||||||||||||||||||||||||||||||||
Not risk rated | 87 | ||||||||||||||||||||||||||||||||||||
Total | $ | 73,078 | |||||||||||||||||||||||||||||||||||
Commercial and industrial | |||||||||||||||||||||||||||||||||||||
Grade 1 | $ | 3,462 | |||||||||||||||||||||||||||||||||||
Grade 2 | 208 | ||||||||||||||||||||||||||||||||||||
Grade 3 | 7,210 | ||||||||||||||||||||||||||||||||||||
Grade 4 | 28,293 | ||||||||||||||||||||||||||||||||||||
Grade W | 7,330 | ||||||||||||||||||||||||||||||||||||
Grade 5 | 677 | ||||||||||||||||||||||||||||||||||||
Grade 6 | 3,701 | ||||||||||||||||||||||||||||||||||||
Grade 7 | 732 | ||||||||||||||||||||||||||||||||||||
Not risk rated | 48 | ||||||||||||||||||||||||||||||||||||
Total | $ | 51,661 | |||||||||||||||||||||||||||||||||||
Schedule of Mortgage Loan by Credit Quality Indicator [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Single-family residential revolving, open-end loans | Single-family residential closed-end, first lien | Single-family residential closed-end, junior lien | Total single-family residential loans | ||||||||||||||||||||||||||||||||||
Performing | $ | 69,121 | $ | 101,100 | $ | 3,802 | $ | 174,023 | |||||||||||||||||||||||||||||
Nonperforming | 797 | 3,176 | 129 | 4,102 | |||||||||||||||||||||||||||||||||
Total | $ | 69,918 | $ | 104,276 | $ | 3,931 | $ | 178,125 | |||||||||||||||||||||||||||||
Single-family residential revolving, open-end loans | Single-family residential closed-end, first lien | Single-family residential closed-end, junior lien | Total single-family residential loans | ||||||||||||||||||||||||||||||||||
Performing | $ | 58,935 | $ | 99,080 | $ | 4,608 | $ | 162,623 | |||||||||||||||||||||||||||||
Nonperforming | 816 | 4,442 | 299 | 5,557 | |||||||||||||||||||||||||||||||||
Total | $ | 59,751 | $ | 103,522 | $ | 4,907 | $ | 168,180 | |||||||||||||||||||||||||||||
Schedule of Consumer Loans by Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Credit cards | All other consumer | Total consumer | |||||||||||||||||||||||||||||||||||
Performing | $ | - | $ | 49,863 | $ | 49,863 | |||||||||||||||||||||||||||||||
Nonperforming | 1 | 235 | 236 | ||||||||||||||||||||||||||||||||||
Total | $ | 1 | $ | 50,098 | $ | 50,099 | |||||||||||||||||||||||||||||||
Other | |||||||||||||||||||||||||||||||||||||
Performing | $ | 10,759 | |||||||||||||||||||||||||||||||||||
Nonperforming | - | ||||||||||||||||||||||||||||||||||||
Total | $ | 10,759 | |||||||||||||||||||||||||||||||||||
Credit cards | All other consumer | Total consumer | |||||||||||||||||||||||||||||||||||
Performing | $ | - | $ | 50,310 | $ | 50,310 | |||||||||||||||||||||||||||||||
Nonperforming | 17 | 247 | 264 | ||||||||||||||||||||||||||||||||||
Total | $ | 17 | $ | 50,557 | $ | 50,574 | |||||||||||||||||||||||||||||||
Other | |||||||||||||||||||||||||||||||||||||
Performing | $ | 9,429 | |||||||||||||||||||||||||||||||||||
Nonperforming | 2 | ||||||||||||||||||||||||||||||||||||
Total | $ | 9,431 | |||||||||||||||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Municipal | |||||||||||||||||||||||||||||||||||||
bonds | |||||||||||||||||||||||||||||||||||||
Aaa | 13 | % | |||||||||||||||||||||||||||||||||||
Aa1 - A3 | 67 | ||||||||||||||||||||||||||||||||||||
Baa1 | 2 | ||||||||||||||||||||||||||||||||||||
Not rated | 18 | ||||||||||||||||||||||||||||||||||||
Total | 100 | % | |||||||||||||||||||||||||||||||||||
Municipal | |||||||||||||||||||||||||||||||||||||
bonds | |||||||||||||||||||||||||||||||||||||
Aaa | 18 | % | |||||||||||||||||||||||||||||||||||
Aa+ | 13 | ||||||||||||||||||||||||||||||||||||
Aa - A- | 57 | ||||||||||||||||||||||||||||||||||||
Not rated | 12 | ||||||||||||||||||||||||||||||||||||
Total | 100 | % | |||||||||||||||||||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
30-89 days past due and still accruing | Greater than 90 days past due and not accruing (nonaccrual) | Total past due | Current | Loans, gross | |||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 82 | $ | 3,872 | $ | 3,954 | $ | 72,604 | $ | 76,558 | |||||||||||||||||||||||||||
Multifamily residential | - | 181 | 181 | 10,236 | 10,417 | ||||||||||||||||||||||||||||||||
Nonfarm nonresidential | 1,199 | 4,832 | 6,031 | 362,446 | 368,477 | ||||||||||||||||||||||||||||||||
Total commercial real estate | 1,281 | 8,885 | 10,166 | 445,286 | 455,452 | ||||||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | 148 | 797 | 945 | 68,973 | 69,918 | ||||||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 1,091 | 3,176 | 4,267 | 100,009 | 104,276 | ||||||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 41 | 129 | 170 | 3,761 | 3,931 | ||||||||||||||||||||||||||||||||
Total single-family residential | 1,280 | 4,102 | 5,382 | 172,743 | 178,125 | ||||||||||||||||||||||||||||||||
Commercial and industrial | 306 | 1,885 | 2,191 | 70,887 | 73,078 | ||||||||||||||||||||||||||||||||
Credit cards | - | 1 | 1 | - | 1 | ||||||||||||||||||||||||||||||||
All other consumer | 335 | 235 | 570 | 49,528 | 50,098 | ||||||||||||||||||||||||||||||||
Total consumer | 335 | 236 | 571 | 49,528 | 50,099 | ||||||||||||||||||||||||||||||||
Farmland | - | - | - | 3,394 | 3,394 | ||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions of the U.S. | - | - | - | 497 | 497 | ||||||||||||||||||||||||||||||||
Other | - | - | - | 6,868 | 6,868 | ||||||||||||||||||||||||||||||||
Total other | - | - | - | 10,759 | 10,759 | ||||||||||||||||||||||||||||||||
Loans, gross | $ | 3,202 | $ | 15,108 | $ | 18,310 | $ | 749,203 | $ | 767,513 | |||||||||||||||||||||||||||
30-89 days past due and still accruing | Greater than 90 days past due and not accruing (nonaccrual) | Total past due | Current | Total | |||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 175 | $ | 5,467 | $ | 5,642 | $ | 61,257 | $ | 66,899 | |||||||||||||||||||||||||||
Multifamily residential | 245 | - | 245 | 11,414 | 11,659 | ||||||||||||||||||||||||||||||||
Nonfarm nonresidential | 4,574 | 3,732 | 8,306 | 372,348 | 380,654 | ||||||||||||||||||||||||||||||||
Total commercial real estate | 4,994 | 9,199 | 14,193 | 445,019 | 459,212 | ||||||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | 245 | 816 | 1,061 | 58,690 | 59,751 | ||||||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 1,441 | 4,442 | 5,883 | 97,639 | 103,522 | ||||||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 99 | 299 | 398 | 4,509 | 4,907 | ||||||||||||||||||||||||||||||||
Total single-family residential | 1,785 | 5,557 | 7,342 | 160,838 | 168,180 | ||||||||||||||||||||||||||||||||
Commercial and industrial | 395 | 826 | 1,221 | 50,440 | 51,661 | ||||||||||||||||||||||||||||||||
Credit cards | - | 17 | 17 | - | 17 | ||||||||||||||||||||||||||||||||
All other consumer | 405 | 247 | 652 | 49,905 | 50,557 | ||||||||||||||||||||||||||||||||
Total consumer | 405 | 264 | 669 | 49,905 | 50,574 | ||||||||||||||||||||||||||||||||
Farmland | - | - | - | 3,171 | 3,171 | ||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions of the U.S. | - | - | - | 739 | 739 | ||||||||||||||||||||||||||||||||
Other | 1 | 2 | 3 | 5,518 | 5,521 | ||||||||||||||||||||||||||||||||
Total other | 1 | 2 | 3 | 9,428 | 9,431 | ||||||||||||||||||||||||||||||||
Total loans | $ | 7,580 | $ | 15,848 | $ | 23,428 | $ | 715,630 | $ | 739,058 | |||||||||||||||||||||||||||
Less: other loans held for sale | - | (776 | ) | (776 | ) | - | (776 | ) | |||||||||||||||||||||||||||||
Loans, gross | $ | 7,580 | $ | 15,072 | $ | 22,652 | $ | 715,630 | $ | 738,282 | |||||||||||||||||||||||||||
Schedule of Carrying Balance of Troubled Debt Restructurings [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
December 31, 2013 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||
Performing | Nonperforming | Total | Performing | Nonperforming | Total | ||||||||||||||||||||||||||||||||
Loans, gross | $ | 26,744 | $ | 2,184 | $ | 28,928 | $ | 30,154 | $ | 3,124 | $ | 33,278 | |||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
For the years ended December 31 , | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Carrying balance | $ | 7,077 | $ | 6,018 | $ | 1,152 | |||||||||||||||||||||||||||||||
Count | 14 | 19 | 2 | ||||||||||||||||||||||||||||||||||
Schedule of Loans Modified [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
For the years ended December 31, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Number of loans | Pre-modification outstanding recorded investment | Post-modification outstanding recorded investment | Number of loans | Pre-modification outstanding recorded investment | Post-modification outstanding recorded investment | Number of loans | Pre-modification outstanding recorded investment | Post-modification outstanding recorded investment | |||||||||||||||||||||||||||||
Construction, land development and other land loans | 1 | $ | 60 | $ | 60 | 1 | $ | 4,089 | $ | 4,089 | 6 | $ | 6,657 | $ | 6,657 | ||||||||||||||||||||||
Nonfarm nonresidential | 4 | 4,364 | 4,364 | 8 | 2,305 | 2,305 | 19 | 19,466 | 18,845 | ||||||||||||||||||||||||||||
Total commercial real estate | 5 | 4,424 | 4,424 | 9 | 6,394 | 6,394 | 25 | 26,123 | 25,502 | ||||||||||||||||||||||||||||
Single-family real estate | - | - | - | 4 | 715 | 715 | 21 | 1,964 | 1,964 | ||||||||||||||||||||||||||||
Commercial and industrial | 1 | 242 | 242 | 3 | 506 | 501 | 8 | 1,337 | 910 | ||||||||||||||||||||||||||||
Consumer | - | - | - | - | - | - | 3 | 44 | 44 | ||||||||||||||||||||||||||||
Total loans | 6 | $ | 4,666 | $ | 4,666 | 16 | $ | 7,615 | $ | 7,610 | 57 | $ | 29,468 | $ | 28,420 | ||||||||||||||||||||||
Less: other loans held for sale | - | - | - | - | - | - | 3 | 11,250 | 10,869 | ||||||||||||||||||||||||||||
Loans, gross | 6 | $ | 4,666 | $ | 4,666 | 16 | $ | 7,615 | $ | 7,610 | 54 | $ | 18,218 | $ | 17,551 | ||||||||||||||||||||||
For the years ended December 31, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Number of loans | Pre-modification outstanding recorded investment | Post-modification outstanding recorded investment | Number of loans | Pre-modification outstanding recorded investment | Post-modification outstanding recorded investment | Number of loans | Pre-modification outstanding recorded investment | Post-modification outstanding recorded investment | |||||||||||||||||||||||||||||
Rate concession | 1 | $ | 60 | $ | 60 | - | $ | - | $ | - | 5 | $ | 2,390 | $ | 2,390 | ||||||||||||||||||||||
Term concession | 5 | 4,606 | 4,606 | 6 | 5,047 | 5,047 | 28 | 11,589 | 11,162 | ||||||||||||||||||||||||||||
Rate and term concessions | - | - | - | 10 | 2,568 | 2,563 | 17 | 10,012 | 9,772 | ||||||||||||||||||||||||||||
Rate, term and required principal paydown concessions | - | - | - | - | - | - | 1 | 504 | 504 | ||||||||||||||||||||||||||||
Required principal paydown concession | - | - | - | - | - | - | 1 | 1,736 | 1,355 | ||||||||||||||||||||||||||||
Other | - | - | - | - | - | - | 5 | 3,237 | 3,237 | ||||||||||||||||||||||||||||
Total loans | 6 | $ | 4,666 | $ | 4,666 | 16 | $ | 7,615 | $ | 7,610 | 57 | $ | 29,468 | $ | 28,420 | ||||||||||||||||||||||
Less: other loans held for sale | - | - | - | - | - | - | 3 | 11,250 | 10,869 | ||||||||||||||||||||||||||||
Loans, gross | 6 | $ | 4,666 | $ | 4,666 | 16 | $ | 7,615 | $ | 7,610 | 54 | $ | 18,218 | $ | 17,551 | ||||||||||||||||||||||
Schedule of Modified Troubled Debt Restructuring Loans [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
For the years ended December 31, | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | Number of | Recorded | ||||||||||||||||||||||||||||||||
loans | investment | loans | investment | loans | investment | ||||||||||||||||||||||||||||||||
Construction, land development and other land loans | 1 | $ | 56 | - | $ | - | - | $ | - | ||||||||||||||||||||||||||||
Nonfarm nonresidential | - | - | 2 | 2,122 | 5 | 5,760 | |||||||||||||||||||||||||||||||
Total commercial real estate | 1 | 56 | 2 | 2,122 | 5 | 5,760 | |||||||||||||||||||||||||||||||
Single-family real estate | 1 | 404 | 2 | 293 | 8 | 966 | |||||||||||||||||||||||||||||||
Commercial and industrial | 1 | 127 | - | - | 6 | 619 | |||||||||||||||||||||||||||||||
Consumer | - | - | - | - | - | - | |||||||||||||||||||||||||||||||
Total loans | 3 | $ | 587 | 4 | $ | 2,415 | 19 | $ | 7,345 | ||||||||||||||||||||||||||||
Less: other loans held for sale | - | - | - | - | 1 | 2,979 | |||||||||||||||||||||||||||||||
Loans, gross | 3 | $ | 587 | 4 | $ | 2,415 | 18 | $ | 4,366 | ||||||||||||||||||||||||||||
Schedule of Composition of Troubled Debt Restructuring Impaired Loans [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||||||
Performing troubled debt restructured loans | Nonperforming troubled debt restructured loans | Nonperforming other loans | Performing other loans | Total | |||||||||||||||||||||||||||||||||
Loans, gross | $ | 26,744 | $ | 2,184 | $ | 6,580 | $ | 9,187 | $ | 44,695 | |||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Performing troubled debt restructured loans | Nonperforming troubled debt restructured loans | Nonperforming other loans | Performing other loans | Total | |||||||||||||||||||||||||||||||||
Loans, gross | $ | 30,154 | $ | 3,124 | $ | 2,628 | $ | 5,413 | $ | 41,319 | |||||||||||||||||||||||||||
Other loans held for sale | - | - | 776 | - | 776 | ||||||||||||||||||||||||||||||||
Total impaired loans | $ | 30,154 | $ | 3,124 | $ | 3,404 | $ | 5,413 | $ | 42,095 | |||||||||||||||||||||||||||
Schedule of Composition of Impaired Loans by Class [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Loans, gross | |||||||||||||||||||||||||||||||||||||
Recorded | Unpaid principal balance | Related | |||||||||||||||||||||||||||||||||||
investment | allowance | ||||||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 3,244 | $ | 6,503 | |||||||||||||||||||||||||||||||||
Multifamily residential | 181 | 239 | |||||||||||||||||||||||||||||||||||
Nonfarm nonresidential | 17,414 | 24,422 | |||||||||||||||||||||||||||||||||||
Total commercial real estate | 20,839 | 31,164 | |||||||||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | - | - | |||||||||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 1,369 | 5,811 | |||||||||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | - | - | |||||||||||||||||||||||||||||||||||
Total single-family residential | 1,369 | 5,811 | |||||||||||||||||||||||||||||||||||
Commercial and industrial | 753 | 1,150 | |||||||||||||||||||||||||||||||||||
Consumer | 7 | 7 | |||||||||||||||||||||||||||||||||||
Total impaired loans with no related allowance recorded | $ | 22,968 | $ | 38,132 | |||||||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 260 | $ | 260 | $ | 68 | |||||||||||||||||||||||||||||||
Multifamily residential | - | - | - | ||||||||||||||||||||||||||||||||||
Nonfarm nonresidential | 18,839 | 18,839 | 1,668 | ||||||||||||||||||||||||||||||||||
Total commercial real estate | 19,099 | 19,099 | 1,736 | ||||||||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | 404 | 404 | 83 | ||||||||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 323 | 323 | 18 | ||||||||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 195 | 195 | 62 | ||||||||||||||||||||||||||||||||||
Total single-family residential | 922 | 922 | 163 | ||||||||||||||||||||||||||||||||||
Commercial and industrial | 1,680 | 2,980 | 644 | ||||||||||||||||||||||||||||||||||
Consumer | 26 | 26 | 12 | ||||||||||||||||||||||||||||||||||
Total impaired loans with an allowance recorded | $ | 21,727 | $ | 23,027 | $ | 2,555 | |||||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 3,504 | $ | 6,763 | $ | 68 | |||||||||||||||||||||||||||||||
Multifamily residential | 181 | 239 | - | ||||||||||||||||||||||||||||||||||
Nonfarm nonresidential | 36,253 | 43,261 | 1,668 | ||||||||||||||||||||||||||||||||||
Total commercial real estate | 39,938 | 50,263 | 1,736 | ||||||||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | 404 | 404 | 83 | ||||||||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 1,692 | 6,134 | 18 | ||||||||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 195 | 195 | 62 | ||||||||||||||||||||||||||||||||||
Total single-family residential | 2,291 | 6,733 | 163 | ||||||||||||||||||||||||||||||||||
Commercial and industrial | 2,433 | 4,130 | 644 | ||||||||||||||||||||||||||||||||||
Consumer | 33 | 33 | 12 | ||||||||||||||||||||||||||||||||||
Total impaired loans | $ | 44,695 | $ | 61,159 | $ | 2,555 | |||||||||||||||||||||||||||||||
Loans, gross | Other loans held for sale | Total | |||||||||||||||||||||||||||||||||||
Recorded investment | Unpaid principal balance | Related allowance | Recorded investment | Unpaid principal balance | Recorded investment | Unpaid principal balance | Related allowance | ||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 3,732 | $ | 16,005 | $ | 776 | $ | 8,656 | $ | 4,508 | $ | 24,661 | |||||||||||||||||||||||||
Multifamily residential | - | - | - | - | - | - | |||||||||||||||||||||||||||||||
Nonfarm nonresidential | 18,012 | 24,275 | - | - | 18,012 | 24,275 | |||||||||||||||||||||||||||||||
Total commercial real estate | 21,744 | 40,280 | 776 | 8,656 | 22,520 | 48,936 | |||||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | - | - | - | - | - | - | |||||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 1,963 | 6,408 | - | - | 1,963 | 6,408 | |||||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 31 | 31 | - | - | 31 | 31 | |||||||||||||||||||||||||||||||
Total single-family residential | 1,994 | 6,439 | - | - | 1,994 | 6,439 | |||||||||||||||||||||||||||||||
Commercial and industrial | 674 | 1,101 | - | - | 674 | 1,101 | |||||||||||||||||||||||||||||||
Consumer | 18 | 18 | 18 | 18 | |||||||||||||||||||||||||||||||||
Total impaired loans with no related allowance recorded | $ | 24,430 | $ | 47,838 | $ | 776 | $ | 8,656 | $ | 25,206 | $ | 56,494 | |||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 254 | $ | 254 | $ | 68 | $ | 254 | $ | 254 | $ | 68 | |||||||||||||||||||||||||
Multifamily residential | 246 | 246 | 76 | 246 | 246 | 76 | |||||||||||||||||||||||||||||||
Nonfarm nonresidential | 14,309 | 14,309 | 2,055 | 14,309 | 14,309 | 2,055 | |||||||||||||||||||||||||||||||
Total commercial real estate | 14,809 | 14,809 | 2,199 | 14,809 | 14,809 | 2,199 | |||||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | 404 | 404 | - | 404 | 404 | - | |||||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 707 | 707 | 54 | 707 | 707 | 54 | |||||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 173 | 173 | 162 | 173 | 173 | 162 | |||||||||||||||||||||||||||||||
Total single-family residential | 1,284 | 1,284 | 216 | 1,284 | 1,284 | 216 | |||||||||||||||||||||||||||||||
Commercial and industrial | 776 | 776 | 58 | 776 | 776 | 58 | |||||||||||||||||||||||||||||||
Consumer | 20 | 20 | 4 | 20 | 20 | 4 | |||||||||||||||||||||||||||||||
Total impaired loans with an allowance recorded | $ | 16,889 | $ | 16,889 | $ | 2,477 | $ | 16,889 | $ | 16,889 | $ | 2,477 | |||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 3,986 | $ | 16,259 | $ | 68 | $ | 776 | $ | 8,656 | $ | 4,762 | $ | 24,915 | $ | 68 | |||||||||||||||||||||
Multifamily residential | 246 | 246 | 76 | - | - | 246 | 246 | 76 | |||||||||||||||||||||||||||||
Nonfarm nonresidential | 32,321 | 38,584 | 2,055 | - | - | 32,321 | 38,584 | 2,055 | |||||||||||||||||||||||||||||
Total commercial real estate | 36,553 | 55,089 | 2,199 | 776 | 8,656 | 37,329 | 63,745 | 2,199 | |||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | 404 | 404 | - | - | - | 404 | 404 | - | |||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 2,670 | 7,115 | 54 | - | - | 2,670 | 7,115 | 54 | |||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 204 | 204 | 162 | - | - | 204 | 204 | 162 | |||||||||||||||||||||||||||||
Total single-family residential | 3,278 | 7,723 | 216 | - | - | 3,278 | 7,723 | 216 | |||||||||||||||||||||||||||||
Commercial and industrial | 1,450 | 1,877 | 58 | - | - | 1,450 | 1,877 | 58 | |||||||||||||||||||||||||||||
Consumer | 38 | 38 | 4 | - | - | 38 | 38 | 4 | |||||||||||||||||||||||||||||
Total impaired loans | $ | 41,319 | $ | 64,727 | $ | 2,477 | $ | 776 | $ | 8,656 | $ | 42,095 | $ | 73,383 | $ | 2,477 | |||||||||||||||||||||
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
For the year ended December 31, 2013 | |||||||||||||||||||||||||||||||||||||
Commercial | Single-family | Commercial and | |||||||||||||||||||||||||||||||||||
real estate | residential | industrial | Consumer | Other | Total | ||||||||||||||||||||||||||||||||
Allowance for loan losses, beginning of period | $ | 12,317 | $ | 3,140 | $ | 1,264 | $ | 1,093 | $ | 11 | $ | 17,825 | |||||||||||||||||||||||||
Provision for loan losses | (263 | ) | 580 | 2,697 | 172 | 279 | 3,465 | ||||||||||||||||||||||||||||||
Loan charge-offs | 1,780 | 731 | 2,426 | 285 | 669 | 5,891 | |||||||||||||||||||||||||||||||
Loan recoveries | 291 | 135 | 147 | 138 | 375 | 1,086 | |||||||||||||||||||||||||||||||
Net loans charged-off | 1,489 | 596 | 2,279 | 147 | 294 | 4,805 | |||||||||||||||||||||||||||||||
Allowance for loan losses, end of period | $ | 10,565 | $ | 3,124 | $ | 1,682 | $ | 1,118 | $ | (4 | ) | $ | 16,485 | ||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||||||
Commercial | Single-family | Commercial and | |||||||||||||||||||||||||||||||||||
real estate | residential | industrial | Consumer | Other | Total | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,736 | $ | 163 | $ | 644 | $ | 12 | $ | - | $ | 2,555 | |||||||||||||||||||||||||
Collectively evaluated for impairment | 8,829 | 2,961 | 1,038 | 1,106 | (4 | ) | 13,930 | ||||||||||||||||||||||||||||||
Allowance for loan losses, end of period | $ | 10,565 | $ | 3,124 | $ | 1,682 | $ | 1,118 | $ | (4 | ) | $ | 16,485 | ||||||||||||||||||||||||
Individually evaluated for impairment | $ | 39,938 | $ | 2,291 | $ | 2,433 | $ | 33 | $ | - | $ | 44,695 | |||||||||||||||||||||||||
Collectively evaluated for impairment | 415,514 | 175,834 | 70,645 | 50,066 | 10,759 | 722,818 | |||||||||||||||||||||||||||||||
Loans, gross | $ | 455,452 | $ | 178,125 | $ | 73,078 | $ | 50,099 | $ | 10,759 | $ | 767,513 | |||||||||||||||||||||||||
For the year ended December 31, 2012 | |||||||||||||||||||||||||||||||||||||
Commercial | Single-family | Commercial and | |||||||||||||||||||||||||||||||||||
real estate | residential | industrial | Consumer | Other | Total | ||||||||||||||||||||||||||||||||
Allowance for loan losses, beginning of period | $ | 18,026 | $ | 4,488 | $ | 1,862 | $ | 1,209 | $ | 11 | $ | 25,596 | |||||||||||||||||||||||||
Provision for loan losses | 11,630 | 1,318 | (390 | ) | 277 | 240 | 13,075 | ||||||||||||||||||||||||||||||
Loan charge-offs | 17,548 | 3,314 | 376 | 586 | 696 | 22,520 | |||||||||||||||||||||||||||||||
Loan recoveries | 209 | 648 | 168 | 193 | 456 | 1,674 | |||||||||||||||||||||||||||||||
Net loans charged-off | 17,339 | 2,666 | 208 | 393 | 240 | 20,846 | |||||||||||||||||||||||||||||||
Allowance for loan losses, end of period | $ | 12,317 | $ | 3,140 | $ | 1,264 | $ | 1,093 | $ | 11 | $ | 17,825 | |||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||||||
Commercial | Single-family | Commercial and | |||||||||||||||||||||||||||||||||||
real estate | residential | industrial | Consumer | Other | Total | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 2,199 | $ | 216 | $ | 58 | $ | 4 | $ | - | $ | 2,477 | |||||||||||||||||||||||||
Collectively evaluated for impairment | 10,118 | 2,924 | 1,206 | 1,089 | 11 | 15,348 | |||||||||||||||||||||||||||||||
Allowance for loan losses, end of period | $ | 12,317 | $ | 3,140 | $ | 1,264 | $ | 1,093 | $ | 11 | $ | 17,825 | |||||||||||||||||||||||||
Individually evaluated for impairment | $ | 36,553 | $ | 3,278 | $ | 1,450 | $ | 38 | $ | - | $ | 41,319 | |||||||||||||||||||||||||
Collectively evaluated for impairment | 421,883 | 164,902 | 50,211 | 50,536 | 9,431 | 696,963 | |||||||||||||||||||||||||||||||
Loans, gross | $ | 458,436 | $ | 168,180 | $ | 51,661 | $ | 50,574 | $ | 9,431 | $ | 738,282 | |||||||||||||||||||||||||
2012 [Member] | ' | ||||||||||||||||||||||||||||||||||||
Note 5 - Loans (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Construction, land development and other land loans | Multifamily residential | Nonfarm nonresidential | Commercial real estate in other loans held for sale | Total commercial real estate | |||||||||||||||||||||||||||||||||
Grade 1 | $ | - | $ | - | $ | 2,643 | $ | - | $ | 2,643 | |||||||||||||||||||||||||||
Grade 2 | - | - | - | - | - | ||||||||||||||||||||||||||||||||
Grade 3 | 10,384 | 404 | 83,554 | - | 94,342 | ||||||||||||||||||||||||||||||||
Grade 4 | 22,384 | 1,391 | 151,956 | - | 175,731 | ||||||||||||||||||||||||||||||||
Grade W | 6,735 | 2,431 | 73,306 | - | 82,472 | ||||||||||||||||||||||||||||||||
Grade 5 | 3,354 | 7,183 | 28,910 | - | 39,447 | ||||||||||||||||||||||||||||||||
Grade 6 | 4,000 | 246 | 38,328 | - | 42,574 | ||||||||||||||||||||||||||||||||
Grade 7 | 2,780 | - | 1,801 | 776 | 5,357 | ||||||||||||||||||||||||||||||||
Not risk rated* | 16,486 | 4 | 156 | - | 16,646 | ||||||||||||||||||||||||||||||||
$ | 66,123 | $ | 11,659 | $ | 380,654 | $ | 776 | $ | 459,212 | ||||||||||||||||||||||||||||
Less: commercial real estate included in other loans held for sale | (776 | ) | |||||||||||||||||||||||||||||||||||
Total | $ | 458,436 |
Note_6_Other_Loans_Held_for_Sa1
Note 6 - Other Loans Held for Sale and Valuation Allowance (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Loans Held For Sale And Valuation Allowance Disclosure [Abstract] | ' | ||||||||
Other Loans Held for Sale and Valuation Allowance Disclosure [Table Text Block] | ' | ||||||||
Other loans held | Valuation allowance | ||||||||
for sale, gross | on other loans | ||||||||
held for sale | |||||||||
Balance, December 31, 2011 | $ | 16,739 | $ | 2,561 | |||||
Additions: | |||||||||
Gross loans transferred to other loans held for sale related to branch sales | 7,508 | - | |||||||
SBA loans transferred to other loans held for sale | 1,668 | - | |||||||
Other gross loans transferred to other loans held for sale | 12,214 | - | |||||||
Writedowns on other loans held for sale included in valuation allowance, net | - | 1,437 | |||||||
Total additions | 21,390 | 1,437 | |||||||
Reductions: | |||||||||
Proceeds from sales of other loans held for sale | 22,100 | 874 | |||||||
Proceeds from sales of SBA loans | 1,830 | - | |||||||
Transfers to foreclosed real estate | 1,814 | - | |||||||
Other loans held for sale transferred to gross loans | 7,717 | 1,574 | |||||||
Loss on sales of and direct writedowns on other loans held for sale | 2,434 | - | |||||||
Gain on sales of SBA loans | (162 | ) | - | ||||||
Net paydowns | 108 | 38 | |||||||
Total reductions | 35,841 | 2,486 | |||||||
Balance, December 31, 2012 | $ | 2,288 | $ | 1,512 | |||||
Additions: | |||||||||
SBA loans transferred to other loans held for sale | 2,015 | - | |||||||
Total additions | 2,015 | - | |||||||
Reductions: | |||||||||
Proceeds from sales of other loans held for sale | 2,614 | 1,512 | |||||||
Proceeds from sales of SBA loans | 2,222 | - | |||||||
Gain on sales of other loans held for sale | (326 | ) | - | ||||||
Gain on sales of SBA loans | (207 | ) | - | ||||||
Total reductions | 4,303 | 1,512 | |||||||
Balance, December 31, 2013 | $ | - | $ | - |
Note_7_Premises_and_Equipment_1
Note 7 - Premises and Equipment, net (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
Land | $ | 5,521 | $ | 5,581 | |||||
Buildings | 19,395 | 19,541 | |||||||
Leasehold improvements | 3,746 | 4,309 | |||||||
Furniture and equipment | 13,259 | 12,640 | |||||||
Software | 5,344 | 4,971 | |||||||
Bank automobiles | 95 | 95 | |||||||
Capital lease asset | 1,396 | 1,378 | |||||||
Premises and equipment, gross | $ | 48,756 | $ | 48,515 | |||||
Accumulated depreciation | (25,389 | ) | (23,719 | ) | |||||
Premises and equipment, net | $ | 23,367 | $ | 24,796 |
Note_9_Servicing_Rights_Tables
Note 9 - Servicing Rights (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||||||
Servicing Asset at Amortized Cost [Table Text Block] | ' | ||||||||||||
At and for the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Mortgage-servicing rights portfolio, net of valuation allowance, beginning of period | $ | 2,584 | $ | 2,586 | $ | 2,896 | |||||||
Capitalized mortgage-servicing rights | 612 | 864 | 465 | ||||||||||
Mortgage-servicing rights portfolio amortization and impairment | (765 | ) | (866 | ) | (775 | ) | |||||||
Mortgage-servicing rights portfolio, net of valuation allowance, end of period | $ | 2,431 | $ | 2,584 | $ | 2,586 | |||||||
At and for the years ended December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
SBA servicing rights portfolio, net of valuation allowance, beginning of period | $ | 39 | $ | - | |||||||||
Capitalized SBA servicing rights | 47 | 40 | |||||||||||
SBA servicing rights portfolio amortization and impairment | (22 | ) | (1 | ) | |||||||||
SBA servicing rights portfolio, net of valuation allowance, end of period | $ | 64 | $ | 39 | |||||||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | ' | ||||||||||||
For the years ended December 31, | |||||||||||||
2014 | $ | 696 | |||||||||||
2015 | 560 | ||||||||||||
2016 | 447 | ||||||||||||
2017 | 354 | ||||||||||||
2018 | 277 | ||||||||||||
Thereafter | 97 | ||||||||||||
$ | 2,431 | ||||||||||||
For the years ended December 31, | |||||||||||||
2014 | $ | 12 | |||||||||||
2015 | 11 | ||||||||||||
2016 | 10 | ||||||||||||
2017 | 9 | ||||||||||||
2018 | 7 | ||||||||||||
Thereafter | 23 | ||||||||||||
$ | 72 | ||||||||||||
Schedule of Valuation Allowance for Impairment of Recognized Servicing Assets [Table Text Block] | ' | ||||||||||||
At and for the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Valuation allowance, beginning of period | $ | 41 | $ | 39 | $ | 39 | |||||||
Additions charged (reduction credited) to operations | (10 | ) | 2 | - | |||||||||
Valuation allowance, end of period | $ | 31 | $ | 41 | $ | 39 | |||||||
At and for the | |||||||||||||
year ended | |||||||||||||
December 31, | |||||||||||||
2013 | |||||||||||||
Valuation allowance, beginning of period | $ | - | |||||||||||
Additions charged to operations | 8 | ||||||||||||
Valuation allowance, end of period | $ | 8 |
Note_10_Foreclosed_Real_Estate1
Note 10 - Foreclosed Real Estate and Repossessed Personal Property (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Foreclosed Real Estate And Repossessed Personal Property [Abstract] | ' | ||||||||||||
Schedule Of Foreclosed Real Estate And Repossessed Personal Property [Table Text Block] | ' | ||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Foreclosed real estate | $ | 7,502 | $ | 10,911 | |||||||||
Repossessed personal property | 43 | 81 | |||||||||||
Total foreclosed real estate and repossessed personal property | $ | 7,545 | $ | 10,992 | |||||||||
Schedule Of Changes In Foreclosed Real Estate Portfolio [Table Text Block] | ' | ||||||||||||
At and for the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Foreclosed real estate, beginning of period | $ | 10,911 | $ | 27,663 | $ | 19,983 | |||||||
Plus: new foreclosed real estate | 2,541 | 5,389 | 27,163 | ||||||||||
Less: proceeds from sale of foreclosed real estate | (2,973 | ) | (13,524 | ) | (13,397 | ) | |||||||
Plus: gain on sale of foreclosed real estate | 142 | 729 | (41 | ) | |||||||||
Less: writedowns and losses charged to expense | (3,119 | ) | (9,346 | ) | (6,045 | ) | |||||||
Foreclosed real estate, end of period | $ | 7,502 | $ | 10,911 | $ | 27,663 |
Note_12_Deposits_Tables
Note 12 - Deposits (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||
Schedule Of Composition Of Deposits [Table Text Block] | ' | ||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Transaction deposits | $ | 494,289 | $ | 483,844 | |||||||||
Money market deposits | 136,476 | 129,708 | |||||||||||
Savings deposits | 79,760 | 70,646 | |||||||||||
Time deposits $100,000 and greater | 79,654 | 179,242 | |||||||||||
Time deposits less than $100,000 | 117,181 | 159,802 | |||||||||||
Total deposits | $ | 907,360 | $ | 1,023,242 | |||||||||
Schedule Of Time Deposits Maturities Table [Text Block] | ' | ||||||||||||
For the years ended December 31, | |||||||||||||
2014 | $ | 140,297 | |||||||||||
2015 | 18,752 | ||||||||||||
2016 | 15,592 | ||||||||||||
2017 | 15,204 | ||||||||||||
2018 | 6,935 | ||||||||||||
Thereafter | 55 | ||||||||||||
$ | 196,835 | ||||||||||||
Schedule Of Deposit Account Balances Table [Text Block] | ' | ||||||||||||
Three months or less | $ | 23,921 | |||||||||||
Over three months through six months | 12,023 | ||||||||||||
Over six months through twelve months | 14,053 | ||||||||||||
Twelve months or less | 49,997 | ||||||||||||
Over twelve months | 29,657 | ||||||||||||
Total jumbo time deposits | $ | 79,654 | |||||||||||
Schedule Of Interest Expense On Deposits [Table Text Block] | ' | ||||||||||||
For the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Transaction deposits | $ | 39 | $ | 39 | $ | 109 | |||||||
Money market deposits | 32 | 47 | 198 | ||||||||||
Savings deposits | 10 | 9 | 32 | ||||||||||
Time deposits | 2,176 | 5,041 | 8,995 | ||||||||||
Total interest expense on deposits | $ | 2,257 | $ | 5,136 | $ | 9,334 |
Note_13_Borrowings_Tables
Note 13 - Borrowings (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||
Schedule of Short-term Debt [Table Text Block] | ' | ||||||||||||
At and for the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Retail repurchase agreements | |||||||||||||
Amount outstanding at year-end | $ | 18,175 | $ | 15,357 | $ | 23,858 | |||||||
Average amount outstanding during year | 18,916 | 20,485 | 24,403 | ||||||||||
Maximum amount outstanding at any month-end | 24,640 | 27,985 | 24,798 | ||||||||||
Rate paid at year-end | 0.01 | % | 0.01 | % | 0.01 | % | |||||||
Weighted average rate paid during the year | 0.01 | 0.01 | 0.08 | ||||||||||
FHLB advances | |||||||||||||
Amount outstanding at year-end | $ | 35,000 | $ | - | $ | - | |||||||
Average amount outstanding during year | 425 | 1 | 2,027 | ||||||||||
Maximum amount outstanding at any month-end | 35,000 | - | 5,000 | ||||||||||
Rate paid at year-end | 0.17 | % | - | % | - | % | |||||||
Weighted average rate paid during the year | 0.24 | - | 3.55 | ||||||||||
Other borrowings | |||||||||||||
Amount outstanding at year-end | $ | - | $ | - | $ | - | |||||||
Average amount outstanding during year | 159 | 30 | 11 | ||||||||||
Maximum amount outstanding at any month-end | - | - | - | ||||||||||
Rate paid at year-end | - | % | - | % | - | % | |||||||
Weighted average rate paid during the year | - | - | - | ||||||||||
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block] | ' | ||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Available lendable loan collateral value pledged to serve against FHLB advances | $ | 90,225 | $ | 79,922 | |||||||||
Available lendable investment security collateral value pledged to serve against FHLB advances | - | - | |||||||||||
Total lendable collateral value pledged to serve against FHLB advances | 90,225 | 79,922 | |||||||||||
FHLB advances | 35,000 | - | |||||||||||
Excess lendable collateral value pledged to serve against FHLB advances | $ | 55,225 | $ | 79,922 |
Note_14_Shareholders_Equity_Ta
Note 14 - Shareholders' Equity (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||
December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Net unrealized gain (loss) on investment securities available for sale | $ | (2,990 | ) | $ | 1,491 | $ | 6,678 | ||||||
Net unrealized defined benefit pension plan actuarial loss | (7,303 | ) | (8,208 | ) | (9,048 | ) | |||||||
Total accumulated other comprehensive income (loss), net of tax | $ | (10,293 | ) | $ | (6,717 | ) | $ | (2,370 | ) |
Note_15_Income_Taxes_Tables
Note 15 - Income Taxes (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | ||||||||||||
For the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Current income tax expense (benefit) | |||||||||||||
Federal | $ | 181 | $ | - | $ | (1 | ) | ||||||
State | 1,238 | - | - | ||||||||||
Total current expense (benefit) | 1,419 | - | (1 | ) | |||||||||
Deferred income tax expense (benefit) | |||||||||||||
Federal | (19,798 | ) | 2,721 | (2,663 | ) | ||||||||
State | (36 | ) | - | - | |||||||||
Total deferred expense (benefit) | (19,834 | ) | 2,721 | (2,663 | ) | ||||||||
Total current and deferred expense (benefit) | $ | (18,415 | ) | $ | 2,721 | $ | (2,664 | ) | |||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | ||||||||||||
For the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
U.S. statutory federal income tax rate | 35 | % | 35 | % | 35 | % | |||||||
Changes from statutory rates resulting from: | |||||||||||||
State income tax, net of federal benefit | 8.6 | - | - | ||||||||||
Tax-exempt income | (1.5 | ) | (74.1 | ) | 4.5 | ||||||||
Expenses not deductible for tax purposes | 0.3 | 2.6 | (0.2 | ) | |||||||||
(Decrease) increase in deferred tax asset valuation allowance | (240.0 | ) | 352.2 | (29.0 | ) | ||||||||
Other | 0.1 | 1.9 | (0.1 | ) | |||||||||
Effective income tax rate | (197.5 | )% | 317.6 | % | 10.2 | % | |||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | ||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Deferred tax assets | |||||||||||||
Allowance for loan losses | $ | 5,770 | $ | 6,239 | |||||||||
Nonaccrual loan interest | 202 | 239 | |||||||||||
Writedowns of foreclosed real estate | 2,369 | 2,062 | |||||||||||
Pension Plan contributions and accrued liability | 463 | 1,389 | |||||||||||
Recognized built-in loss carryforward | 7,689 | 16,236 | |||||||||||
Alternative minimum tax credit carryforward | 493 | 475 | |||||||||||
Federal net operating loss carryforward | 6,072 | 8,379 | |||||||||||
Unrealized losses on investment securities available for sale | 1,829 | - | |||||||||||
Equity-based compensation | 1,047 | 710 | |||||||||||
Other | 365 | 1,382 | |||||||||||
Deferred tax assets, gross | 26,299 | 37,111 | |||||||||||
Valuation allowance | - | (31,086 | ) | ||||||||||
Deferred tax assets, net of valuation allowance | 26,299 | 6,025 | |||||||||||
Deferred tax liabilities | |||||||||||||
Premises, equipment and capital leases | (1,380 | ) | (1,565 | ) | |||||||||
Deferred loan fees and costs, net | (1,592 | ) | (1,532 | ) | |||||||||
Unrealized gains on investment securities available for sale | - | (912 | ) | ||||||||||
Servicing rights | (874 | ) | (905 | ) | |||||||||
Other | (366 | ) | (401 | ) | |||||||||
Deferred tax liabilities, gross | (4,212 | ) | (5,315 | ) | |||||||||
Deferred tax asset, net | $ | 22,087 | $ | 710 |
Note_16_Benefit_Plans_Tables
Note 16 - Benefit Plans (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||
Schedule of Defined Benefit Plans Disclosures [Table Text Block] | ' | ||||||||||||
At and for the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Change in benefit obligation | |||||||||||||
Benefit obligation, beginning of period | $ | 18,507 | $ | 19,786 | $ | 19,082 | |||||||
Interest cost | 848 | 958 | 1,002 | ||||||||||
Net actuarial loss | 80 | 668 | 904 | ||||||||||
Benefits paid | (1,313 | ) | (2,905 | ) | (1,202 | ) | |||||||
Benefit obligation, end of period | 18,122 | 18,507 | 19,786 | ||||||||||
Change in Pension Plan assets | |||||||||||||
Fair value of Pension Plan assets, beginning of period | 14,540 | 13,663 | 13,868 | ||||||||||
Return on Pension Plan assets | 1,678 | 2,182 | (575 | ) | |||||||||
Employer contribution | 1,893 | 1,600 | 1,572 | ||||||||||
Benefits paid | (1,313 | ) | (2,905 | ) | (1,202 | ) | |||||||
Fair value of Pension Plan assets, end of period | 16,798 | 14,540 | 13,663 | ||||||||||
Underfunded status | $ | (1,324 | ) | $ | (3,967 | ) | $ | (6,123 | ) | ||||
Net actuarial loss | $ | (11,235 | ) | $ | (12,627 | ) | $ | (13,919 | ) | ||||
Income tax benefit | (3,932 | ) | (4,419 | ) | (4,871 | ) | |||||||
Accumulated other comprehensive loss impact | $ | (7,303 | ) | $ | (8,208 | ) | $ | (9,048 | ) | ||||
Schedule of Net Benefit Costs [Table Text Block] | ' | ||||||||||||
For the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Interest cost | $ | 848 | $ | 958 | $ | 1,002 | |||||||
Expected return on plan assets | (1,186 | ) | (1,133 | ) | (1,162 | ) | |||||||
Amortization of net actuarial loss | 980 | 911 | 788 | ||||||||||
Net periodic pension expense | $ | 642 | $ | 736 | $ | 628 | |||||||
Schedule of Assumptions Used [Table Text Block] | ' | ||||||||||||
For the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Assumptions used in computing benefit obligation: | |||||||||||||
Discount rate | 5.04 | % | 4.19 | % | 5.02 | % | |||||||
Rate of increase in compensation levels | n/a | n/a | n/a | ||||||||||
Assumptions used in computing net periodic benefit expense: | |||||||||||||
Discount rate | 4.19 | 5.02 | 5.35 | ||||||||||
Expected long-term rate of return on Pension Plan assets | 8 | 8 | 8 | ||||||||||
Rate of compensation increase | n/a | n/a | n/a | ||||||||||
Schedule of Allocation of Plan Assets [Table Text Block] | ' | ||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Cash and cash equivalents | $ | 4,440 | $ | 1,498 | |||||||||
U.S. government and agency securities | 549 | 1,262 | |||||||||||
Municipal securities | 470 | 799 | |||||||||||
Corporate bonds | 3,398 | 3,146 | |||||||||||
Mutual funds | 3,596 | - | |||||||||||
Corporate stocks | 3,329 | 133 | |||||||||||
Exchange traded funds | 287 | - | |||||||||||
Foreign equities | 694 | - | |||||||||||
Equity funds | - | 7,660 | |||||||||||
Accrued interest receivable | 30 | 42 | |||||||||||
Other | 5 | - | |||||||||||
Total Pension Plan assets | $ | 16,798 | $ | 14,540 | |||||||||
Schedule Of Defined Benefit Pension Plan Assets Fair Value Measured On Recurring Basis [Table Text Block] | ' | ||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Level 1 | $ | 7,804 | $ | 1,673 | |||||||||
Level 2 | 8,994 | 12,867 | |||||||||||
Level 3 | - | - | |||||||||||
Total Pension Plan assets | $ | 16,798 | $ | 14,540 | |||||||||
Schedule of Expected Benefit Payments [Table Text Block] | ' | ||||||||||||
For the years ended December 31, | |||||||||||||
2014 | $ | 899 | |||||||||||
2015 | 925 | ||||||||||||
2016 | 948 | ||||||||||||
2017 | 1,010 | ||||||||||||
2018 | 1,064 | ||||||||||||
2019-2023 | 5,947 |
Note_17_Equity_Based_Compensat1
Note 17 - Equity Based Compensation (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | ||||||||||||||||||||
Stock options outstanding | Weighted-average | ||||||||||||||||||||
exercise price | |||||||||||||||||||||
Outstanding, December 31, 2010 | 30,003 | $ | 91.72 | ||||||||||||||||||
Forfeited | (6,800 | ) | 107.43 | ||||||||||||||||||
Expired | (4,500 | ) | 60 | ||||||||||||||||||
Outstanding, December 31, 2011 | 18,703 | 93.65 | |||||||||||||||||||
Forfeited | (6,750 | ) | 94.98 | ||||||||||||||||||
Outstanding, December 31, 2012 | 11,953 | 92.89 | |||||||||||||||||||
Expired | (5,503 | ) | 80 | ||||||||||||||||||
Outstanding, December 31, 2013 | 6,450 | 103.89 | |||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block] | ' | ||||||||||||||||||||
Options outstanding and exercisable | |||||||||||||||||||||
Range of exercise prices | Number of stock | Weighted-average | Weighted- | ||||||||||||||||||
options outstanding | remaining contractual life (years) | average | |||||||||||||||||||
and exercisable | exercise price | ||||||||||||||||||||
$93.20 | to | $106.40 | 2,500 | 0.15 | $ | 94.52 | |||||||||||||||
$109.20 | to | $121.60 | 3,950 | 2.34 | 109.83 | ||||||||||||||||
Total | 6,450 | 1.49 | 103.89 | ||||||||||||||||||
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity [Table Text Block] | ' | ||||||||||||||||||||
Vesting Period | |||||||||||||||||||||
Issued to directors in connection with annual retainer | Immediate | ||||||||||||||||||||
Issued to directors in connection with election to the Board of Directors | Length of Board of Directors term (currently 3 years) | ||||||||||||||||||||
Issued to teammates (years) | 5 | ||||||||||||||||||||
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] | ' | ||||||||||||||||||||
Shares of restricted stock | Weighted-average grant date fair value per share | ||||||||||||||||||||
Granted, net of forfeitures, December 31, 2010 | 15,186 | $ | 96.89 | ||||||||||||||||||
Grants | 17,033 | 10.4 | |||||||||||||||||||
Forfeited | (525 | ) | 168 | ||||||||||||||||||
Granted, net of forfeitures, December 31, 2011 | 31,694 | 49.23 | |||||||||||||||||||
Grants | 19,967 | 5.51 | |||||||||||||||||||
Forfeited | (350 | ) | 168 | ||||||||||||||||||
Granted, net of forfeitures, December 31, 2012 | 51,311 | 31.41 | |||||||||||||||||||
Grants | 11,073 | 9.68 | |||||||||||||||||||
Granted, net of forfeitures, December 31, 2013 | 62,384 | 27.55 | |||||||||||||||||||
Remaining shares available for grant, December 31, 2013 | 116 | ||||||||||||||||||||
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | ' | ||||||||||||||||||||
Shares of restricted stock | |||||||||||||||||||||
Nonvested, December 31, 2012 | 13,915 | ||||||||||||||||||||
Grants | 11,073 | ||||||||||||||||||||
Vested | (13,743 | ) | |||||||||||||||||||
Nonvested, December 31, 2013 | 11,245 | ||||||||||||||||||||
Shares of | |||||||||||||||||||||
restricted stock | |||||||||||||||||||||
Nonvested, December 31, 2012 | 97,771 | ||||||||||||||||||||
Grants | 8,811 | ||||||||||||||||||||
Forfeited | (575 | ) | |||||||||||||||||||
Vested | (2,500 | ) | |||||||||||||||||||
Nonvested, December 31, 2013 | 103,507 | ||||||||||||||||||||
Schedule of Share-based Compensation, Activity [Table Text Block] | ' | ||||||||||||||||||||
Total shares | Stock options outstanding | Weighted-average exercise price per share | Shares of restricted stock | Weighted-average grant date fair value per share | |||||||||||||||||
2011 Grants | 473,002 | 383,251 | $ | 10.51 | 89,751 | $ | 10.48 | ||||||||||||||
2012 Grants | 8,020 | - | - | 8,020 | 6.5 | ||||||||||||||||
2013 Grants | 8,811 | - | - | 8,811 | 13.7 | ||||||||||||||||
2013 Forfeitures | (575 | ) | - | - | (575 | ) | 13.95 | ||||||||||||||
2013 Exercises | (11,250 | ) | 11 | - | - | ||||||||||||||||
Granted, net of forfeitures, December 31, 2013 | 489,258 | 106,007 | 10.43 | ||||||||||||||||||
Outstanding, December 31, 2013 | 372,001 | 10.5 | |||||||||||||||||||
Shares available for grant | 700,000 | ||||||||||||||||||||
Remaining shares available for grant, December 31, 2013 | 210,742 | ||||||||||||||||||||
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] | ' | ||||||||||||||||||||
Options outstanding | |||||||||||||||||||||
Exercise price | Number of stock options | Weighted-average remaining contractual life (years) | Weighted-average exercise price | Value of outstanding in-the-money stock options | |||||||||||||||||
$10.40 | 312,501 | 7.38 | $ | 10.4 | $ | 800,003 | |||||||||||||||
$11.00 | 59,500 | 7.54 | 11 | 116,620 | |||||||||||||||||
Total | 372,001 | 7.4 | 10.5 | $ | 916,623 | ||||||||||||||||
Schedule Of Share Based Payment Award Restricted Stock Units Valuation Assumptions Table [Text Block] | ' | ||||||||||||||||||||
16-May-11 | 16-Jun-11 | 20-Oct-11 | |||||||||||||||||||
grants | grants | grant | |||||||||||||||||||
Option exercise price, per share | $ | 10.4 | $ | 11 | $ | 11 | |||||||||||||||
Fair value of stock option awards granted, per share | $ | 5.16 | $ | 5.4 | $ | 3.1 | |||||||||||||||
Expected dividend yield | - | % | - | % | - | % | |||||||||||||||
Expected volatility | 45 | 45 | 45 | ||||||||||||||||||
Risk-free interest rate | 2.51 | 2.22 | 1.45 | ||||||||||||||||||
Contractual term (years) | 10 | 10 | 10 | ||||||||||||||||||
Expected term (years) | 7 | 7 | 7 | ||||||||||||||||||
Vesting period (years) | 5 | 5 | 5 | ||||||||||||||||||
Share Based Compensation Expense Charged Against Pretax Loss Under Restricted Stock And Stock Option Award [Table Text Block] | ' | ||||||||||||||||||||
For the years ended December 31, | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Compensation expense | |||||||||||||||||||||
1997 Plan | $ | - | $ | - | $ | 1 | |||||||||||||||
2008 Plan | 336 | 343 | 360 | ||||||||||||||||||
2011 Plan | 822 | 766 | 461 | ||||||||||||||||||
Total compensation expense | $ | 1,158 | $ | 1,109 | $ | 822 | |||||||||||||||
Income tax benefit | $ | - | $ | - | $ | - |
Note_18_Net_Income_Loss_Per_Co1
Note 18 - Net Income (Loss) Per Common Share (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||
For the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Basic net income (loss) per common share | |||||||||||||
Net income (loss) applicable to common shareholders | $ | 27,731 | $ | (1,864 | ) | $ | (23,400 | ) | |||||
Undistributed earnings allocated to participating securities | (248 | ) | - | - | |||||||||
Net income (loss) allocated to common shareholders | $ | 27,483 | $ | (1,864 | ) | $ | (23,400 | ) | |||||
Average common shares issued and outstanding | 12,658,752 | 12,639,379 | 12,555,247 | ||||||||||
Basic net income (loss) per common share | $ | 2.17 | $ | (0.15 | ) | $ | (1.86 | ) | |||||
Diluted net income (loss) per common share | |||||||||||||
Net income (loss) applicable to common shareholders | $ | 27,731 | $ | (1,864 | ) | $ | (23,400 | ) | |||||
Undistributed earnings allocated to participating securities | (248 | ) | - | - | |||||||||
Net income (loss) allocated to common shareholders | $ | 27,483 | $ | (1,864 | ) | $ | (23,400 | ) | |||||
Average common shares issued and outstanding | 12,658,752 | 12,639,379 | 12,555,247 | ||||||||||
Dilutive potential common shares (1) | - | - | - | ||||||||||
Total diluted average common shares issued and outstanding | 12,658,752 | 12,639,379 | 12,555,247 | ||||||||||
Diluted net income (loss) per common share | $ | 2.17 | $ | (0.15 | ) | $ | (1.86 | ) |
Note_19_Commitments_Guarantees1
Note 19 - Commitments, Guarantees and Other Contingencies (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||||||||||||||||
Schedule Of Contractual Amounts Of Unused Lending Commitments To Extend Credit [Table Text Block] | ' | ||||||||||||||||||||
Commitments to extend credit: | |||||||||||||||||||||
Revolving, open-end loans secured by single-family residential properties | $ | 59,183 | |||||||||||||||||||
Commercial real estate, construction and land development loans secured by real estate | |||||||||||||||||||||
Single-family residential construction loans | 11,186 | ||||||||||||||||||||
Commercial real estate, other construction loan, and land development loans | 20,317 | ||||||||||||||||||||
Commercial and industrial loans | 37,461 | ||||||||||||||||||||
Overdraft protection loans | 30,015 | ||||||||||||||||||||
Other | 6,875 | ||||||||||||||||||||
Total commitments to extend credit | $ | 165,037 | |||||||||||||||||||
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block] | ' | ||||||||||||||||||||
Less than one year | Over one through three years | Over three through five years | Over five years | Total | |||||||||||||||||
Real property operating lease obligations | $ | 1,738 | $ | 3,381 | $ | 3,306 | $ | 8,785 | $ | 17,210 | |||||||||||
Time deposit accounts | 140,297 | 34,344 | 22,139 | 55 | 196,835 | ||||||||||||||||
Contractually required interest payments on time deposits | 189 | 169 | 121 | 1 | 480 | ||||||||||||||||
Total | $ | 142,224 | $ | 37,894 | $ | 25,566 | $ | 8,841 | $ | 214,525 |
Note_21_Fair_Value_Measurement1
Note 21 - Fair Value Measurements (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||
31-Dec-13 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets | |||||||||||||||||
Trading account assets | $ | 1,347 | $ | 3,771 | $ | - | $ | 5,118 | |||||||||
Investment securities available for sale | |||||||||||||||||
State and municipal | - | 7,460 | - | 7,460 | |||||||||||||
Collateralized mortgage obligations (federal agencies) | - | 93,132 | - | 93,132 | |||||||||||||
Other mortgage-backed (federal agencies) | 1,188 | 74,832 | - | 76,020 | |||||||||||||
SBA loan-backed (federal agency) | 20,457 | 17,314 | - | 37,771 | |||||||||||||
Derivative financial instruments | - | 204 | - | 204 | |||||||||||||
Total assets measured at fair value on a recurring basis | $ | 22,992 | $ | 196,713 | $ | - | $ | 219,705 | |||||||||
Liabilities | |||||||||||||||||
Derivative financial instruments | $ | - | $ | 7 | $ | - | $ | 7 | |||||||||
31-Dec-12 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets | |||||||||||||||||
Investment securities available for sale | |||||||||||||||||
State and municipal | $ | - | $ | 11,530 | $ | - | $ | 11,530 | |||||||||
Collateralized mortgage obligations (federal agencies) | 14,057 | 109,451 | - | 123,508 | |||||||||||||
Other mortgage-backed (federal agencies) | - | 63,817 | - | 63,817 | |||||||||||||
SBA loan-backed (federal agency) | 44,683 | 20,964 | - | 65,647 | |||||||||||||
Derivative financial instruments | - | 370 | - | 370 | |||||||||||||
Total assets measured at fair value on a recurring basis | $ | 58,740 | $ | 206,132 | $ | - | $ | 264,872 | |||||||||
Liabilities | |||||||||||||||||
Derivative financial instruments | $ | - | $ | 5 | $ | - | $ | 5 | |||||||||
Fair Value Measurements, Nonrecurring [Table Text Block] | ' | ||||||||||||||||
31-Dec-13 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets | |||||||||||||||||
Mortgage loans held for sale | $ | - | $ | 1,722 | $ | - | $ | 1,722 | |||||||||
Impaired loans | - | 5,588 | 25 | 5,613 | |||||||||||||
Foreclosed real estate and repossessed personal property | 34 | 31 | 6,595 | 6,660 | |||||||||||||
Long-lived assets held for sale | - | - | 685 | 685 | |||||||||||||
Total assets measured at fair value on a nonrecurring basis | $ | 34 | $ | 7,341 | $ | 7,305 | $ | 14,680 | |||||||||
31-Dec-12 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets | |||||||||||||||||
Mortgage loans held for sale | $ | - | $ | 6,114 | $ | - | $ | 6,114 | |||||||||
Other loans held for sale | 800 | - | - | 800 | |||||||||||||
Impaired loans in gross loans | - | 6,285 | 189 | 6,474 | |||||||||||||
Foreclosed real estate and repossessed personal property | - | 817 | 9,163 | 9,980 | |||||||||||||
Long-lived assets held for sale | - | - | 685 | 685 | |||||||||||||
Total assets measured at fair value on a nonrecurring basis | $ | 800 | $ | 13,216 | $ | 10,037 | $ | 24,053 | |||||||||
Fair Value Assets Measured On Non Recurring Basis Unobservable Input Reconciliation [Table Text Block] | ' | ||||||||||||||||
Fair value | Valuation technique | Significant unobservable inputs | |||||||||||||||
Assets | |||||||||||||||||
Impaired loans | $ | 25 | Internal assessment of collateral value | Adjustments to estimated value based on recent sales of comparable collateral | |||||||||||||
Foreclosed real estate and repossessed personal property | 6,595 | Appraisals of collateral value | Adjustments to appraisal for age of comparable sales | ||||||||||||||
Long-lived assets held for sale | 685 | Internal valuation | Appraisals and/or sales of comparable properties | ||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | ||||||||||||||||
Carrying amount | Fair value | ||||||||||||||||
31-Dec-13 | |||||||||||||||||
Financial instruments - assets | |||||||||||||||||
Loans (1) | $ | 748,243 | $ | 748,330 | |||||||||||||
Financial instruments - liabilities | |||||||||||||||||
Deposits | 907,360 | 896,858 | |||||||||||||||
31-Dec-12 | |||||||||||||||||
Financial instruments - assets | |||||||||||||||||
Loans (1) | $ | 716,977 | $ | 724,005 | |||||||||||||
Financial instruments - liabilities | |||||||||||||||||
Deposits | 1,023,242 | 1,020,446 |
Note_22_Regulatory_Capital_Req1
Note 22 - Regulatory Capital Requirements and Dividend Restrictions (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | ' | ||||||||||||||||||||||||
Actual | For capital adequacy purposes | To be well capitalized under prompt corrective action provisions | |||||||||||||||||||||||
amount | ratio | amount | ratio | amount | ratio | ||||||||||||||||||||
At December 31, 2013 | |||||||||||||||||||||||||
Total capital to risk-weighted assets | |||||||||||||||||||||||||
Company | $ | 130,043 | 15.49 | % | $ | 67,142 | 8 | % | n/a | n/a | |||||||||||||||
Bank | 129,956 | 15.48 | 67,142 | 8 | $ | 83,928 | 10 | % | |||||||||||||||||
Tier 1 capital to risk-weighted assets | |||||||||||||||||||||||||
Company | 119,475 | 14.24 | 33,571 | 4 | n/a | n/a | |||||||||||||||||||
Bank | 119,388 | 14.23 | 33,571 | 4 | 50,357 | 6 | |||||||||||||||||||
Tier 1 leverage ratio | |||||||||||||||||||||||||
Company | 119,475 | 11.03 | 43,309 | 4 | n/a | n/a | |||||||||||||||||||
Bank | 119,388 | 11.03 | 43,311 | 4 | 54,138 | 5 | |||||||||||||||||||
At December 31, 2012 | |||||||||||||||||||||||||
Total capital to risk-weighted assets | |||||||||||||||||||||||||
Company | $ | 115,182 | 14.42 | % | $ | 63,892 | 8 | % | n/a | n/a | |||||||||||||||
Bank | 115,077 | 14.41 | 63,892 | 8 | $ | 79,865 | 10 | % | |||||||||||||||||
Tier 1 capital to risk-weighted assets | |||||||||||||||||||||||||
Company | 105,098 | 13.16 | 31,946 | 4 | n/a | n/a | |||||||||||||||||||
Bank | 104,993 | 13.15 | 31,946 | 4 | 47,919 | 6 | |||||||||||||||||||
Tier 1 leverage ratio | |||||||||||||||||||||||||
Company | 105,098 | 9.18 | 45,771 | 4 | n/a | n/a | |||||||||||||||||||
Bank | 104,993 | 9.18 | 45,771 | 4 | 57,213 | 5 |
Note_23_Holding_Company_Conden1
Note 23 - Holding Company Condensed Financial Information (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||
Condensed Balance Sheet [Table Text Block] | ' | ||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Assets | |||||||||||||
Cash and cash equivalents | $ | 87 | $ | 128 | |||||||||
Deferred tax asset, net | 364 | - | |||||||||||
Investment in subsidiary | 123,366 | 98,275 | |||||||||||
Total assets | $ | 123,817 | $ | 98,403 | |||||||||
Liabilities and shareholders' equity | |||||||||||||
Other liabilities | $ | - | $ | 23 | |||||||||
Shareholders' equity | 123,817 | 98,380 | |||||||||||
Total liabilities and shareholders' equity | $ | 123,817 | $ | 98,403 | |||||||||
Condensed Income Statement [Table Text Block] | ' | ||||||||||||
For the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Equity in undistributed income (loss) of subsidiary | $ | 27,509 | $ | (1,738 | ) | $ | (23,154 | ) | |||||
Other operating expense | (142 | ) | (126 | ) | (246 | ) | |||||||
Net income (loss) before benefit for income taxes | 27,367 | (1,864 | ) | (23,400 | ) | ||||||||
Benefit for income taxes | (364 | ) | - | - | |||||||||
Net income (loss) | $ | 27,731 | $ | (1,864 | ) | $ | (23,400 | ) | |||||
Condensed Cash Flow Statement [Table Text Block] | ' | ||||||||||||
For the years ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Operating Activities | |||||||||||||
Net income (loss) | $ | 27,731 | $ | (1,864 | ) | $ | (23,400 | ) | |||||
Adjustments to reconcile net income (loss) to net cash used in operating activities | |||||||||||||
Increase in equity in undistributed (income) loss of subsidiary | (27,509 | ) | 1,738 | 23,154 | |||||||||
Increase in deferred tax assets, net | (364 | ) | - | - | |||||||||
Decrease in other assets | - | - | 12 | ||||||||||
Decrease in other liabilities | (23 | ) | (55 | ) | (707 | ) | |||||||
Net cash used in operating activities | (165 | ) | (181 | ) | (941 | ) | |||||||
Investing Activities | |||||||||||||
Capital contribution in subsidiary | - | (650 | ) | (8,556 | ) | ||||||||
Net cash used in investing activities | - | (650 | ) | (8,556 | ) | ||||||||
Financing Activities | |||||||||||||
Proceeds from issuance of common stock, net | - | - | 7,951 | ||||||||||
Proceeds from exercise of stock options | 124 | - | - | ||||||||||
Net cash provided by financing activities | 124 | - | 7,951 | ||||||||||
Net change in cash and due from banks | (41 | ) | (831 | ) | (1,546 | ) | |||||||
Cash and due from banks, beginning of period | 128 | 959 | 2,505 | ||||||||||
Cash and due from banks, end of period | $ | 87 | $ | 128 | $ | 959 |
Note_25_Quarterly_Financial_Da1
Note 25 - Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||
Schedule of Quarterly Financial Information [Table Text Block] | ' | ||||||||||||||||||||
For the year ended December 31, 2013 | |||||||||||||||||||||
First | Second | Third | Fourth | Total | |||||||||||||||||
quarter | quarter | quarter | quarter | ||||||||||||||||||
Interest income | $ | 10,864 | $ | 10,728 | $ | 10,523 | $ | 10,423 | $ | 42,538 | |||||||||||
Interest expense | 895 | 503 | 475 | 387 | 2,260 | ||||||||||||||||
Net interest income | 9,969 | 10,225 | 10,048 | 10,036 | 40,278 | ||||||||||||||||
Provision for loan losses | 350 | 670 | 645 | 1,800 | 3,465 | ||||||||||||||||
Net interest income after provision for loan losses | 9,619 | 9,555 | 9,403 | 8,236 | 36,813 | ||||||||||||||||
Investment securities gains (losses), net | - | 331 | (44 | ) | 23 | 310 | |||||||||||||||
Other noninterest income | 3,745 | 3,906 | 3,323 | 3,552 | 14,526 | ||||||||||||||||
Noninterest expense | 10,375 | 11,911 | 9,835 | 10,212 | 42,333 | ||||||||||||||||
Net income before provision (benefit) for income taxes | 2,989 | 1,881 | 2,847 | 1,599 | 9,316 | ||||||||||||||||
Provision (benefit) for income taxes | 813 | 382 | (19,386 | ) | (224 | ) | (18,415 | ) | |||||||||||||
Net income | $ | 2,176 | $ | 1,499 | $ | 22,233 | $ | 1,823 | $ | 27,731 | |||||||||||
Common and per share data | |||||||||||||||||||||
Net income - basic | $ | 0.17 | $ | 0.12 | $ | 1.74 | $ | 0.14 | $ | 2.17 | |||||||||||
Net income - diluted | 0.17 | 0.12 | 1.74 | 0.14 | 2.17 | ||||||||||||||||
For the year ended December 31, 2012 | |||||||||||||||||||||
First | Second | Third | Fourth | Total | |||||||||||||||||
quarter | quarter | quarter | quarter | ||||||||||||||||||
Interest income | $ | 12,025 | $ | 11,422 | $ | 11,076 | $ | 10,867 | $ | 45,390 | |||||||||||
Interest expense | 1,394 | 1,339 | 1,227 | 1,178 | 5,138 | ||||||||||||||||
Net interest income | 10,631 | 10,083 | 9,849 | 9,689 | 40,252 | ||||||||||||||||
Provision for loan losses | 2,700 | 8,450 | 600 | 1,325 | 13,075 | ||||||||||||||||
Net interest income after provision for loan losses | 7,931 | 1,633 | 9,249 | 8,364 | 27,177 | ||||||||||||||||
Investment secuities gains, net | - | 9,859 | - | 635 | 10,494 | ||||||||||||||||
Other noninterest income | 3,930 | 4,104 | 4,335 | 4,167 | 16,536 | ||||||||||||||||
Noninterest expense | 11,931 | 19,234 | 10,858 | 11,327 | 53,350 | ||||||||||||||||
Net income (loss) before provision (benefit) for income taxes | (70 | ) | (3,638 | ) | 2,726 | 1,839 | 857 | ||||||||||||||
Provision (benefit) for income taxes | 517 | 3,511 | (436 | ) | (871 | ) | 2,721 | ||||||||||||||
Net income (loss) | $ | (587 | ) | $ | (7,149 | ) | $ | 3,162 | $ | 2,710 | $ | (1,864 | ) | ||||||||
Common and per share data | |||||||||||||||||||||
Net income (loss) - basic | $ | (0.05 | ) | $ | (0.57 | ) | $ | 0.25 | $ | 0.21 | $ | (0.15 | ) | ||||||||
Net income (loss) - diluted | (0.05 | ) | (0.57 | ) | 0.25 | 0.21 | (0.15 | ) |
Note_1_Summary_of_Significant_1
Note 1 - Summary of Significant Accounting Policies (Details) | 12 Months Ended |
Dec. 31, 2013 | |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' |
Number of Operating Segments | 1 |
Number Of Regional FHLB's | 12 |
Building and Building Improvements [Member] | Minimum [Member] | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' |
Property, Plant and Equipment, Useful Life | '12 years |
Building and Building Improvements [Member] | Maximum [Member] | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' |
Property, Plant and Equipment, Useful Life | '39 years |
Furniture and Equipment [Member] | Minimum [Member] | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' |
Property, Plant and Equipment, Useful Life | '5 years |
Furniture and Equipment [Member] | Maximum [Member] | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' |
Property, Plant and Equipment, Useful Life | '12 years |
Software [Member] | Minimum [Member] | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' |
Property, Plant and Equipment, Useful Life | '3 years |
Software [Member] | Maximum [Member] | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' |
Property, Plant and Equipment, Useful Life | '5 years |
Bank Automobiles [Member] | ' |
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items] | ' |
Property, Plant and Equipment, Useful Life | '5 years |
Note_2_Cash_and_Cash_Equivalen1
Note 2 - Cash and Cash Equivalents (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Cash and cash equivalents [Abstract] | ' | ' |
Lag Period For Maintenance Of Federal Reserve | '30 days | ' |
Federal Reserve Required After Cash And Clearing Balance Requirements | $3,900,000 | ' |
Restricted Cash and Cash Equivalents | $706,000 | $704,000 |
Note_3_Trading_Account_Assets_1
Note 3 - Trading Account Assets (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Investments, Debt and Equity Securities [Abstract] | ' | ' |
Trading Securities | $5,118,000 | $0 |
Held-to-maturity Securities | $0 | $0 |
Weighted Average Life Of Investment Securities Available For Sale | '5 years 36 days | ' |
Note_3_Trading_Account_Assets_2
Note 3 - Trading Account Assets (Details) - Components of Trading Account Assets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Total trading account assets | $5,118,000 | $0 |
Trading, Municipal Bonds [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Municipal bonds | 3,771,000 | ' |
Trading, Insured Bank Deposits [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Insured bank deposits | $1,347,000 | ' |
Note_3_Trading_Account_Assets_3
Note 3 - Trading Account Assets (Details) - Net Realized and Change in Net Unrealized Gains on Trading Account Assets (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Gain (Loss) on Investments [Line Items] | ' |
Total trading account gains, net | $170 |
Trading, Municipal Bonds [Member] | ' |
Gain (Loss) on Investments [Line Items] | ' |
Realized gains, net | 139 |
Unrealized gains, net due to changes in fair value relative to assets held at end of period | 31 |
Total trading account gains, net | $170 |
Note_3_Trading_Account_Assets_4
Note 3 - Trading Account Assets (Details) - Trading Accounts Credit Ratings (Credit Concentration Risk [Member], Trading, Municipal Bonds [Member]) | 12 Months Ended |
Dec. 31, 2013 | |
Moody's [Member] | Not Rated [Member] | ' |
bonds | ' |
Trading accounts credit ratings | 100.00% |
Standard & Poor's [Member] | ' |
bonds | ' |
Trading accounts credit ratings | 100.00% |
Moody's, Aaa Rating [Member] | ' |
bonds | ' |
Trading accounts credit ratings | 13.00% |
Moody's, Aa1 - A3 Rating [Member] | ' |
bonds | ' |
Trading accounts credit ratings | 67.00% |
Moody's, Baa1 Rating [Member] | ' |
bonds | ' |
Trading accounts credit ratings | 2.00% |
Not Rated [Member] | ' |
bonds | ' |
Trading accounts credit ratings | 18.00% |
Standard & Poor's, AAA Rating [Member] | ' |
bonds | ' |
Trading accounts credit ratings | 18.00% |
Standard & Poor's, AA+ Rating [Member] | ' |
bonds | ' |
Trading accounts credit ratings | 13.00% |
Standard & Poor's, Aa - A- [Member] | ' |
bonds | ' |
Trading accounts credit ratings | 57.00% |
Not Rated [Member] | ' |
bonds | ' |
Trading accounts credit ratings | 12.00% |
Note_4_Investment_Securities_A
Note 4 - Investment Securities Available for Sale (Details) - Reconciliation of Available for Sale Securities (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Note 4 - Investment Securities Available for Sale (Details) - Reconciliation of Available for Sale Securities [Line Items] | ' | ' |
Amortized cost | $219,203 | $262,100 |
Gross unrealized gains | 521 | 3,012 |
Gross unrealized losses | -5,341 | -610 |
Fair value | 214,383 | 264,502 |
State and Municipal [Member] | ' | ' |
Note 4 - Investment Securities Available for Sale (Details) - Reconciliation of Available for Sale Securities [Line Items] | ' | ' |
Amortized cost | 7,393 | 11,247 |
Gross unrealized gains | 138 | 283 |
Gross unrealized losses | -71 | 0 |
Fair value | 7,460 | 11,530 |
Collateralized Mortgage Obligations (Federal Agencies) [Member] | ' | ' |
Note 4 - Investment Securities Available for Sale (Details) - Reconciliation of Available for Sale Securities [Line Items] | ' | ' |
Amortized cost | 97,303 | 122,444 |
Gross unrealized gains | 30 | 1,219 |
Gross unrealized losses | -4,201 | -155 |
Fair value | 93,132 | 123,508 |
Other Mortgage-Backed (Federal Agencies) [Member] | ' | ' |
Note 4 - Investment Securities Available for Sale (Details) - Reconciliation of Available for Sale Securities [Line Items] | ' | ' |
Amortized cost | 76,852 | 62,581 |
Gross unrealized gains | 95 | 1,328 |
Gross unrealized losses | -927 | -92 |
Fair value | 76,020 | 63,817 |
SBA Loan-Backed (Federal Agencies) [Member] | ' | ' |
Note 4 - Investment Securities Available for Sale (Details) - Reconciliation of Available for Sale Securities [Line Items] | ' | ' |
Amortized cost | 37,655 | 65,828 |
Gross unrealized gains | 258 | 182 |
Gross unrealized losses | -142 | -363 |
Fair value | $37,771 | $65,647 |
Note_4_Investment_Securities_A1
Note 4 - Investment Securities Available for Sale (Details) - Reconciliation of Available for Sale Securities in Continuous Unrealized Loss Position (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Note 4 - Investment Securities Available for Sale (Details) - Reconciliation of Available for Sale Securities in Continuous Unrealized Loss Position [Line Items] | ' | ' |
Less than 12 months, number of securities | 39 | 16 |
Less than 12 months, fair value | $142,157 | $63,002 |
Less than 12 months, gross unrealized losses | 3,781 | 564 |
12 months or longer, number of securities | 13 | 9 |
12 months or longer, fair value | 35,946 | 9,547 |
12 months or longer, gross unrealized losses | 1,560 | 46 |
Number of securities | 52 | 25 |
Fair value | 178,103 | 72,549 |
Gross unrealized losses | 5,341 | 610 |
State and Municipal [Member] | ' | ' |
Note 4 - Investment Securities Available for Sale (Details) - Reconciliation of Available for Sale Securities in Continuous Unrealized Loss Position [Line Items] | ' | ' |
Less than 12 months, number of securities | 1 | ' |
Less than 12 months, fair value | 1,010 | ' |
Less than 12 months, gross unrealized losses | 71 | ' |
Number of securities | 1 | ' |
Fair value | 1,010 | ' |
Gross unrealized losses | 71 | 0 |
Collateralized Mortgage Obligations (Federal Agencies) [Member] | ' | ' |
Note 4 - Investment Securities Available for Sale (Details) - Reconciliation of Available for Sale Securities in Continuous Unrealized Loss Position [Line Items] | ' | ' |
Less than 12 months, number of securities | 14 | 7 |
Less than 12 months, fair value | 62,251 | 23,301 |
Less than 12 months, gross unrealized losses | 2,863 | 109 |
12 months or longer, number of securities | 9 | 9 |
12 months or longer, fair value | 29,123 | 9,547 |
12 months or longer, gross unrealized losses | 1,338 | 46 |
Number of securities | 23 | 16 |
Fair value | 91,374 | 32,848 |
Gross unrealized losses | 4,201 | 155 |
Other Mortgage-Backed (Federal Agencies) [Member] | ' | ' |
Note 4 - Investment Securities Available for Sale (Details) - Reconciliation of Available for Sale Securities in Continuous Unrealized Loss Position [Line Items] | ' | ' |
Less than 12 months, number of securities | 20 | 3 |
Less than 12 months, fair value | 64,428 | 14,586 |
Less than 12 months, gross unrealized losses | 774 | 92 |
12 months or longer, number of securities | 1 | ' |
12 months or longer, fair value | 1,517 | ' |
12 months or longer, gross unrealized losses | 153 | ' |
Number of securities | 21 | 3 |
Fair value | 65,945 | 14,586 |
Gross unrealized losses | 927 | 92 |
SBA Loan-Backed (Federal Agencies) [Member] | ' | ' |
Note 4 - Investment Securities Available for Sale (Details) - Reconciliation of Available for Sale Securities in Continuous Unrealized Loss Position [Line Items] | ' | ' |
Less than 12 months, number of securities | 4 | 6 |
Less than 12 months, fair value | 14,468 | 25,115 |
Less than 12 months, gross unrealized losses | 73 | 363 |
12 months or longer, number of securities | 3 | ' |
12 months or longer, fair value | 5,306 | ' |
12 months or longer, gross unrealized losses | 69 | ' |
Number of securities | 7 | 6 |
Fair value | 19,774 | 25,115 |
Gross unrealized losses | $142 | $363 |
Note_4_Investment_Securities_A2
Note 4 - Investment Securities Available for Sale (Details) - Ratings by Segment of Investment Securities Available for Sale | Dec. 31, 2013 |
State and Municipal [Member] | ' |
Note 4 - Investment Securities Available for Sale (Details) - Ratings by Segment of Investment Securities Available for Sale [Line Items] | ' |
Available for sale securities fair value Moody's credit rating | 100.00% |
Available for sale securities fair value Standord and Poor's credit rating | 100.00% |
State and Municipal [Member] | Moody's, Aa1 - A1 Rating [Member] | ' |
Note 4 - Investment Securities Available for Sale (Details) - Ratings by Segment of Investment Securities Available for Sale [Line Items] | ' |
Available for sale securities fair value Moody's credit rating | 77.00% |
State and Municipal [Member] | Moody's, Baa1 Rating [Member] | ' |
Note 4 - Investment Securities Available for Sale (Details) - Ratings by Segment of Investment Securities Available for Sale [Line Items] | ' |
Available for sale securities fair value Moody's credit rating | 6.00% |
State and Municipal [Member] | Not Rated [Member] | ' |
Note 4 - Investment Securities Available for Sale (Details) - Ratings by Segment of Investment Securities Available for Sale [Line Items] | ' |
Available for sale securities fair value Moody's credit rating | 17.00% |
Collateralized Mortgage Obligations (Federal Agencies) [Member] | ' |
Note 4 - Investment Securities Available for Sale (Details) - Ratings by Segment of Investment Securities Available for Sale [Line Items] | ' |
Available for sale securities fair value Moody's credit rating | 100.00% |
Available for sale securities fair value Standord and Poor's credit rating | 100.00% |
Collateralized Mortgage Obligations (Federal Agencies) [Member] | Moody's, Aaa Rating [Member] | ' |
Note 4 - Investment Securities Available for Sale (Details) - Ratings by Segment of Investment Securities Available for Sale [Line Items] | ' |
Available for sale securities fair value Moody's credit rating | 100.00% |
Other Mortgage-Backed (Federal Agencies) [Member] | ' |
Note 4 - Investment Securities Available for Sale (Details) - Ratings by Segment of Investment Securities Available for Sale [Line Items] | ' |
Available for sale securities fair value Moody's credit rating | 100.00% |
Available for sale securities fair value Standord and Poor's credit rating | 100.00% |
Other Mortgage-Backed (Federal Agencies) [Member] | Moody's, Aaa Rating [Member] | ' |
Note 4 - Investment Securities Available for Sale (Details) - Ratings by Segment of Investment Securities Available for Sale [Line Items] | ' |
Available for sale securities fair value Moody's credit rating | 100.00% |
SBA Loan-Backed (Federal Agencies) [Member] | ' |
Note 4 - Investment Securities Available for Sale (Details) - Ratings by Segment of Investment Securities Available for Sale [Line Items] | ' |
Available for sale securities fair value Moody's credit rating | 100.00% |
Available for sale securities fair value Standord and Poor's credit rating | 100.00% |
SBA Loan-Backed (Federal Agencies) [Member] | Moody's, Aaa Rating [Member] | ' |
Note 4 - Investment Securities Available for Sale (Details) - Ratings by Segment of Investment Securities Available for Sale [Line Items] | ' |
Available for sale securities fair value Moody's credit rating | 100.00% |
Standard & Poor's, AAA Rating [Member] | Other Mortgage-Backed (Federal Agencies) [Member] | ' |
Note 4 - Investment Securities Available for Sale (Details) - Ratings by Segment of Investment Securities Available for Sale [Line Items] | ' |
Available for sale securities fair value Moody's credit rating | 2.00% |
Standard & Poor's, A+ Rating [Member] | Collateralized Mortgage Obligations (Federal Agencies) [Member] | ' |
Note 4 - Investment Securities Available for Sale (Details) - Ratings by Segment of Investment Securities Available for Sale [Line Items] | ' |
Available for sale securities fair value Standord and Poor's credit rating | 100.00% |
Standard & Poor's, A+ Rating [Member] | Other Mortgage-Backed (Federal Agencies) [Member] | ' |
Note 4 - Investment Securities Available for Sale (Details) - Ratings by Segment of Investment Securities Available for Sale [Line Items] | ' |
Available for sale securities fair value Standord and Poor's credit rating | 98.00% |
Standard & Poor's, A+ Rating [Member] | SBA Loan-Backed (Federal Agencies) [Member] | ' |
Note 4 - Investment Securities Available for Sale (Details) - Ratings by Segment of Investment Securities Available for Sale [Line Items] | ' |
Available for sale securities fair value Standord and Poor's credit rating | 100.00% |
Standard & Poor's Aa - Aa- [Member] | State and Municipal [Member] | ' |
Note 4 - Investment Securities Available for Sale (Details) - Ratings by Segment of Investment Securities Available for Sale [Line Items] | ' |
Available for sale securities fair value Standord and Poor's credit rating | 33.00% |
Not Rated [Member] | State and Municipal [Member] | ' |
Note 4 - Investment Securities Available for Sale (Details) - Ratings by Segment of Investment Securities Available for Sale [Line Items] | ' |
Available for sale securities fair value Standord and Poor's credit rating | 67.00% |
Note_4_Investment_Securities_A3
Note 4 - Investment Securities Available for Sale (Details) - Amortized Cost and Estimated Fair Value of Investment Securities Available for Sale (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 4 - Investment Securities Available for Sale (Details) - Amortized Cost and Estimated Fair Value of Investment Securities Available for Sale [Line Items] | ' | ' |
Available for sale securities, amortized cost | $219,203 | ' |
Available for sale securities, fair value | 214,383 | 264,502 |
State and Municipal [Member] | ' | ' |
Note 4 - Investment Securities Available for Sale (Details) - Amortized Cost and Estimated Fair Value of Investment Securities Available for Sale [Line Items] | ' | ' |
Due in one year or less, amortized cost | 3,978 | ' |
Due in one year or less, fair value | 4,018 | ' |
Due after one year through five years, amortized cost | 2,334 | ' |
Due after one year through five years, fair value | 2,432 | ' |
Due after five years through ten years, amortized cost | 1,081 | ' |
Due after five years through ten years, fair value | 1,010 | ' |
Available for sale securities, amortized cost | 7,393 | ' |
Available for sale securities, fair value | 7,460 | 11,530 |
Collateralized Mortgage Obligations (Federal Agencies) [Member] | ' | ' |
Note 4 - Investment Securities Available for Sale (Details) - Amortized Cost and Estimated Fair Value of Investment Securities Available for Sale [Line Items] | ' | ' |
Due in one year or less, amortized cost | 3,570 | ' |
Due in one year or less, fair value | 3,592 | ' |
Due after one year through five years, amortized cost | 13,833 | ' |
Due after one year through five years, fair value | 13,421 | ' |
Due after five years through ten years, amortized cost | 79,900 | ' |
Due after five years through ten years, fair value | 76,119 | ' |
Available for sale securities, amortized cost | 97,303 | ' |
Available for sale securities, fair value | 93,132 | 123,508 |
Other Mortgage-Backed (Federal Agencies) [Member] | ' | ' |
Note 4 - Investment Securities Available for Sale (Details) - Amortized Cost and Estimated Fair Value of Investment Securities Available for Sale [Line Items] | ' | ' |
Due after one year through five years, amortized cost | 40,158 | ' |
Due after one year through five years, fair value | 40,076 | ' |
Due after five years through ten years, amortized cost | 17,209 | ' |
Due after five years through ten years, fair value | 16,800 | ' |
Due after ten years, amortized cost | 19,485 | ' |
Due after ten years, fair value | 19,144 | ' |
Available for sale securities, amortized cost | 76,852 | ' |
Available for sale securities, fair value | 76,020 | 63,817 |
SBA Loan-Backed (Federal Agencies) [Member] | ' | ' |
Note 4 - Investment Securities Available for Sale (Details) - Amortized Cost and Estimated Fair Value of Investment Securities Available for Sale [Line Items] | ' | ' |
Due after one year through five years, amortized cost | 25,978 | ' |
Due after one year through five years, fair value | 25,966 | ' |
Due after five years through ten years, amortized cost | 2,851 | ' |
Due after five years through ten years, fair value | 2,836 | ' |
Due after ten years, amortized cost | 8,826 | ' |
Due after ten years, fair value | 8,969 | ' |
Available for sale securities, amortized cost | 37,655 | ' |
Available for sale securities, fair value | $37,771 | $65,647 |
Note_4_Investment_Securities_A4
Note 4 - Investment Securities Available for Sale (Details) - Investment Securities Pledged as Collateral (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Investment Securities Pledged as Collateral [Abstract] | ' | ' |
Public funds deposits | $119,591 | $106,642 |
Federal Reserve line of credit | 1,411 | 1,583 |
Total investment securities available for sale pledged | $121,002 | $108,225 |
Note_4_Investment_Securities_A5
Note 4 - Investment Securities Available for Sale (Details) - Gross Realized Gains and Losses From Sales Of Investment Securities Available For Sale (USD $) | 3 Months Ended | 12 Months Ended | ||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Gross Realized Gains and Losses From Sales Of Investment Securities Available For Sale [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' |
Realized gains | ' | ' | ' | ' | ' | $471 | $10,499 | $157 |
Realized losses | ' | ' | ' | ' | ' | -161 | -5 | ' |
Net realized gains | $23 | ($44) | $331 | $635 | $9,859 | $310 | $10,494 | $157 |
Note_5_Loans_Details
Note 5 - Loans (Details) (USD $) | 2 Months Ended | 12 Months Ended | ||
Feb. 21, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 5 - Loans (Details) [Line Items] | ' | ' | ' | ' |
Mortgage Loans Serviced For Benefit Of Others | ' | $384,500,000 | $388,700,000 | ' |
Aggregate Of Net Unearned Income Net Deferred Fees And Costs And Discounts And Premiums | ' | 643,000 | 320,000 | ' |
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | ' | 757,000 | ' | ' |
Financing Receivable Modifications Recorded Investments | ' | 7,077,000 | 6,018,000 | 1,152,000 |
Loans and Leases Receivable, Impaired, Troubled Debt, Interest Income | 1,600,000 | ' | 1,800,000 | ' |
Impaired Financing Receivable, Average Recorded Investment | 44,700,000 | ' | 62,400,000 | ' |
Subsequent Event [Member] | ' | ' | ' | ' |
Note 5 - Loans (Details) [Line Items] | ' | ' | ' | ' |
Financing Receivable Modifications Recorded Investments | 406,000 | ' | ' | ' |
Federal Home Loan Bank Advances [Member] | ' | ' | ' | ' |
Note 5 - Loans (Details) [Line Items] | ' | ' | ' | ' |
Loans Pledged as Collateral | ' | 205,200,000 | 201,200,000 | ' |
Lendable Collateral | ' | 90,200,000 | 79,900,000 | ' |
Federal Reserve Services [Member] | ' | ' | ' | ' |
Note 5 - Loans (Details) [Line Items] | ' | ' | ' | ' |
Loans Pledged as Collateral | ' | 794,000 | 2,500,000 | ' |
Lendable Collateral | ' | $651,000 | $2,200,000 | ' |
Note_5_Loans_Details_Gross_Loa
Note 5 - Loans (Details) - Gross Loans and Other Loans Held-for-sale (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 5 - Loans (Details) - Gross Loans and Other Loans Held-for-sale [Line Items] | ' | ' |
Loans | $767,513 | $739,058 |
Percentage of loans and leases receivable gross carrying amount | 100.00% | 100.00% |
Less: other loans held for sale | ' | -776 |
Loans, gross | 767,513 | 738,282 |
Commercial Real Estate Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Gross Loans and Other Loans Held-for-sale [Line Items] | ' | ' |
Loans | 455,452 | 459,212 |
Percentage of loans and leases receivable gross carrying amount | 59.40% | 62.10% |
Loans, gross | 455,452 | 458,436 |
Single Family Residential [Member] | ' | ' |
Note 5 - Loans (Details) - Gross Loans and Other Loans Held-for-sale [Line Items] | ' | ' |
Loans | 178,125 | 168,180 |
Percentage of loans and leases receivable gross carrying amount | 23.20% | 22.80% |
Loans, gross | 178,125 | 168,180 |
Commercial And Industrial [Member] | ' | ' |
Note 5 - Loans (Details) - Gross Loans and Other Loans Held-for-sale [Line Items] | ' | ' |
Loans | 73,078 | 51,661 |
Percentage of loans and leases receivable gross carrying amount | 9.50% | 7.00% |
Loans, gross | 73,078 | 51,661 |
Consumer [Member] | ' | ' |
Note 5 - Loans (Details) - Gross Loans and Other Loans Held-for-sale [Line Items] | ' | ' |
Loans | 50,099 | 50,574 |
Percentage of loans and leases receivable gross carrying amount | 6.50% | 6.80% |
Loans, gross | 50,099 | 50,574 |
Other Financing Receivable [Member] | ' | ' |
Note 5 - Loans (Details) - Gross Loans and Other Loans Held-for-sale [Line Items] | ' | ' |
Loans | $10,759 | $9,431 |
Percentage of loans and leases receivable gross carrying amount | 1.40% | 1.30% |
Note_5_Loans_Details_Loans_Sec
Note 5 - Loans (Details) - Loans Secured by Commercial Real Estate (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Construction, Land Development and Other Land Loan [Member] | ' |
Secured by commercial real estate | ' |
Commercial real estate included in gross loans (in Dollars) | $76,558 |
Commercial real estate included in commercial loans held for sale | 10.00% |
Loans, gross | 58.90% |
Multi Family Residential [Member] | ' |
Secured by commercial real estate | ' |
Commercial real estate included in gross loans (in Dollars) | 10,417 |
Commercial real estate included in commercial loans held for sale | 1.30% |
Loans, gross | 8.00% |
Non Farm Nonresidential [Member] | ' |
Secured by commercial real estate | ' |
Commercial real estate included in gross loans (in Dollars) | 368,477 |
Commercial real estate included in commercial loans held for sale | 48.00% |
Loans, gross | 283.60% |
Commercial [Member] | ' |
Secured by commercial real estate | ' |
Commercial real estate included in gross loans (in Dollars) | $455,452 |
Commercial real estate included in commercial loans held for sale | 59.30% |
Loans, gross | 350.50% |
Note_5_Loans_Details_Loans_Sec1
Note 5 - Loans (Details) - Loans Secured by Commercial Real Estate by Category (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | $767,513 | $738,282 |
Land Unimproved [Member] | Development Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 19,636 | ' |
Percentage of gross loans | 2.60% | ' |
Percentage of Bank's total regulatory capital | 15.10% | ' |
Land Development Commercial [Member] | Development Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 7,632 | ' |
Percentage of gross loans | 1.00% | ' |
Percentage of Bank's total regulatory capital | 5.90% | ' |
Land Development Residential [Member] | Development Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 8,047 | ' |
Percentage of gross loans | 1.00% | ' |
Percentage of Bank's total regulatory capital | 6.20% | ' |
Commercial Construction Retail [Member] | Development Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 1,702 | ' |
Percentage of gross loans | 0.20% | ' |
Percentage of Bank's total regulatory capital | 1.30% | ' |
Commercial Construction Retail [Member] | Existing And Other Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 24,981 | ' |
Percentage of gross loans | 3.20% | ' |
Percentage of Bank's total regulatory capital | 19.20% | ' |
Office Loan [Member] | Development Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 5,839 | ' |
Percentage of gross loans | 0.80% | ' |
Percentage of Bank's total regulatory capital | 4.50% | ' |
Office Loan [Member] | Existing And Other Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 13,031 | ' |
Percentage of gross loans | 1.70% | ' |
Percentage of Bank's total regulatory capital | 10.00% | ' |
Multi Family [Member] | Development Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 8,430 | ' |
Percentage of gross loans | 1.10% | ' |
Percentage of Bank's total regulatory capital | 6.50% | ' |
Multi Family [Member] | Existing And Other Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 10,417 | ' |
Percentage of gross loans | 1.40% | ' |
Percentage of Bank's total regulatory capital | 8.00% | ' |
Industrial And Warehouse [Member] | Development Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 614 | ' |
Percentage of gross loans | 0.10% | ' |
Percentage of Bank's total regulatory capital | 0.50% | ' |
Industrial And Warehouse [Member] | Existing And Other Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 7,770 | ' |
Percentage of gross loans | 1.00% | ' |
Percentage of Bank's total regulatory capital | 6.00% | ' |
Miscellaneous Commercial [Member] | Development Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 7,739 | ' |
Percentage of gross loans | 1.00% | ' |
Percentage of Bank's total regulatory capital | 5.90% | ' |
Miscellaneous Commercial [Member] | Existing And Other Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 111,129 | ' |
Percentage of gross loans | 14.50% | ' |
Percentage of Bank's total regulatory capital | 85.50% | ' |
Hotel/Motel [Member] | Existing And Other Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 54,439 | ' |
Percentage of gross loans | 7.10% | ' |
Percentage of Bank's total regulatory capital | 41.90% | ' |
Health Care [Member] | Existing And Other Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 13,901 | ' |
Percentage of gross loans | 1.80% | ' |
Percentage of Bank's total regulatory capital | 10.70% | ' |
Real Estate Construction - Speculative [Member] | Existing And Other Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 162 | ' |
Percentage of Bank's total regulatory capital | 0.20% | ' |
Commercial Owner Occupied [Member] | Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 143,226 | ' |
Percentage of gross loans | 18.60% | ' |
Percentage of Bank's total regulatory capital | 110.20% | ' |
Commercial Construction Owner Occupied [Member] | Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 8,929 | ' |
Percentage of gross loans | 1.20% | ' |
Percentage of Bank's total regulatory capital | 6.90% | ' |
Residential Construction Contract [Member] | Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 7,828 | ' |
Percentage of gross loans | 1.00% | ' |
Percentage of Bank's total regulatory capital | 6.00% | ' |
Commercial Real Estate Portfolio Segment [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 455,452 | ' |
Percentage of gross loans | 59.30% | ' |
Percentage of Bank's total regulatory capital | 350.50% | ' |
Development Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 59,639 | ' |
Percentage of gross loans | 7.80% | ' |
Percentage of Bank's total regulatory capital | 45.90% | ' |
Existing And Other Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | 235,830 | ' |
Percentage of gross loans | 30.70% | ' |
Percentage of Bank's total regulatory capital | 181.50% | ' |
Commercial Real Estate Loans [Member] | ' | ' |
Secured by: | ' | ' |
Total commercial real estate loans (in Dollars) | $159,983 | ' |
Percentage of gross loans | 20.80% | ' |
Percentage of Bank's total regulatory capital | 123.10% | ' |
Note_5_Loans_Details_Internal_
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | |
In Thousands, unless otherwise specified | |||
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | $767,513 | $739,058 | |
Construction, Land Development and Other Land Loan [Member] | Grade Three [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 10,025 | ' | |
Construction, Land Development and Other Land Loan [Member] | Grade Four [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 34,654 | ' | |
Construction, Land Development and Other Land Loan [Member] | Grade W [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 8,679 | ' | |
Construction, Land Development and Other Land Loan [Member] | Grade Five [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 2,202 | ' | |
Construction, Land Development and Other Land Loan [Member] | Grade Six [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 4,400 | ' | |
Construction, Land Development and Other Land Loan [Member] | Grade Seven [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 803 | ' | |
Construction, Land Development and Other Land Loan [Member] | Not Risk Rated [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 15,795 | [1] | ' |
Construction, Land Development and Other Land Loan [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 76,558 | 66,899 | |
Multi Family Residential [Member] | Grade Three [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 259 | ' | |
Multi Family Residential [Member] | Grade Four [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 887 | ' | |
Multi Family Residential [Member] | Grade W [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 9,079 | ' | |
Multi Family Residential [Member] | Grade Six [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 181 | ' | |
Multi Family Residential [Member] | Not Risk Rated [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 11 | [1] | ' |
Multi Family Residential [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 10,417 | 11,659 | |
Non Farm Nonresidential [Member] | Grade Three [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 69,954 | ' | |
Non Farm Nonresidential [Member] | Grade Four [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 171,585 | ' | |
Non Farm Nonresidential [Member] | Grade W [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 83,843 | ' | |
Non Farm Nonresidential [Member] | Grade Five [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 16,727 | ' | |
Non Farm Nonresidential [Member] | Grade Six [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 24,352 | ' | |
Non Farm Nonresidential [Member] | Grade Seven [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 1,604 | ' | |
Non Farm Nonresidential [Member] | Not Risk Rated [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 412 | [1] | ' |
Non Farm Nonresidential [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 368,477 | 380,654 | |
Commercial Real Estate Loans [Member] | Grade Three [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 80,238 | ' | |
Commercial Real Estate Loans [Member] | Grade Four [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 207,126 | ' | |
Commercial Real Estate Loans [Member] | Grade W [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 101,601 | ' | |
Commercial Real Estate Loans [Member] | Grade Five [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 18,929 | ' | |
Commercial Real Estate Loans [Member] | Grade Six [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 28,933 | ' | |
Commercial Real Estate Loans [Member] | Grade Seven [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 2,407 | ' | |
Commercial Real Estate Loans [Member] | Not Risk Rated [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | 16,218 | [1] | ' |
Commercial Real Estate Loans [Member] | ' | ' | |
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2013 [Line Items] | ' | ' | |
Gross loans | $455,452 | $459,212 | |
[1] | Consumer real estate loans, included within construction, land development and other land loans, are not risk rated in accordance with the Company's policy. |
Note_5_Loans_Details_Internal_1
Note 5 - Loans (Details) - Internal Credit Quality Indicators on Commercial and Industrial (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 5 - Loans (Details) - Internal Credit Quality Indicators on Commercial and Industrial [Line Items] | ' | ' |
Commercial and Industrial | $73,078 | $51,661 |
Grade One [Member] | ' | ' |
Note 5 - Loans (Details) - Internal Credit Quality Indicators on Commercial and Industrial [Line Items] | ' | ' |
Commercial and Industrial | 879 | 3,462 |
Grade Two [Member] | ' | ' |
Note 5 - Loans (Details) - Internal Credit Quality Indicators on Commercial and Industrial [Line Items] | ' | ' |
Commercial and Industrial | 1,186 | 208 |
Grade Three [Member] | ' | ' |
Note 5 - Loans (Details) - Internal Credit Quality Indicators on Commercial and Industrial [Line Items] | ' | ' |
Commercial and Industrial | 8,830 | 7,210 |
Grade Four [Member] | ' | ' |
Note 5 - Loans (Details) - Internal Credit Quality Indicators on Commercial and Industrial [Line Items] | ' | ' |
Commercial and Industrial | 51,167 | 28,293 |
Grade W [Member] | ' | ' |
Note 5 - Loans (Details) - Internal Credit Quality Indicators on Commercial and Industrial [Line Items] | ' | ' |
Commercial and Industrial | 5,151 | 7,330 |
Grade Five [Member] | ' | ' |
Note 5 - Loans (Details) - Internal Credit Quality Indicators on Commercial and Industrial [Line Items] | ' | ' |
Commercial and Industrial | 2,361 | 677 |
Grade Six [Member] | ' | ' |
Note 5 - Loans (Details) - Internal Credit Quality Indicators on Commercial and Industrial [Line Items] | ' | ' |
Commercial and Industrial | 2,923 | 3,701 |
Grade Seven [Member] | ' | ' |
Note 5 - Loans (Details) - Internal Credit Quality Indicators on Commercial and Industrial [Line Items] | ' | ' |
Commercial and Industrial | 494 | 732 |
Not Risk Rated [Member] | ' | ' |
Note 5 - Loans (Details) - Internal Credit Quality Indicators on Commercial and Industrial [Line Items] | ' | ' |
Commercial and Industrial | $87 | $48 |
Note_5_Loans_Details_Mortgage_
Note 5 - Loans (Details) - Mortgage Loan by Credit Quality Indicators (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 5 - Loans (Details) - Mortgage Loan by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | $767,513 | $738,282 |
Revolving Lines Secured By Single Family Residential Properties [Member] | Performing Financing Receivable [Member] | ' | ' |
Note 5 - Loans (Details) - Mortgage Loan by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | 69,121 | 58,935 |
Revolving Lines Secured By Single Family Residential Properties [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 5 - Loans (Details) - Mortgage Loan by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | 797 | 816 |
Revolving Lines Secured By Single Family Residential Properties [Member] | ' | ' |
Note 5 - Loans (Details) - Mortgage Loan by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | 69,918 | 59,751 |
Single Family Residential Closed End First Lien [Member] | Performing Financing Receivable [Member] | ' | ' |
Note 5 - Loans (Details) - Mortgage Loan by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | 101,100 | 99,080 |
Single Family Residential Closed End First Lien [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 5 - Loans (Details) - Mortgage Loan by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | 3,176 | 4,442 |
Single Family Residential Closed End First Lien [Member] | ' | ' |
Note 5 - Loans (Details) - Mortgage Loan by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | 104,276 | 103,522 |
Single Family Residential Closed End Junior Lien [Member] | Performing Financing Receivable [Member] | ' | ' |
Note 5 - Loans (Details) - Mortgage Loan by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | 3,802 | 4,608 |
Single Family Residential Closed End Junior Lien [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 5 - Loans (Details) - Mortgage Loan by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | 129 | 299 |
Single Family Residential Closed End Junior Lien [Member] | ' | ' |
Note 5 - Loans (Details) - Mortgage Loan by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | 3,931 | 4,907 |
Single Family Residential [Member] | Performing Financing Receivable [Member] | ' | ' |
Note 5 - Loans (Details) - Mortgage Loan by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | 174,023 | 162,623 |
Single Family Residential [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 5 - Loans (Details) - Mortgage Loan by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | 4,102 | 5,557 |
Single Family Residential [Member] | ' | ' |
Note 5 - Loans (Details) - Mortgage Loan by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | $178,125 | $168,180 |
Note_5_Loans_Details_Consumer_
Note 5 - Loans (Details) - Consumer Loans by Credit Quality Indicators (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 5 - Loans (Details) - Consumer Loans by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | $767,513 | $738,282 |
Consumer Credit Card Financing Receivable [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 5 - Loans (Details) - Consumer Loans by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | 1 | 17 |
Consumer Credit Card Financing Receivable [Member] | ' | ' |
Note 5 - Loans (Details) - Consumer Loans by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | 1 | 17 |
Consumer Other Financing Receivable [Member] | Performing Financing Receivable [Member] | ' | ' |
Note 5 - Loans (Details) - Consumer Loans by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | 49,863 | 50,310 |
Consumer Other Financing Receivable [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 5 - Loans (Details) - Consumer Loans by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | 235 | 247 |
Consumer Other Financing Receivable [Member] | ' | ' |
Note 5 - Loans (Details) - Consumer Loans by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | 50,098 | 50,557 |
Consumer [Member] | Performing Financing Receivable [Member] | ' | ' |
Note 5 - Loans (Details) - Consumer Loans by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | 49,863 | 50,310 |
Consumer [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 5 - Loans (Details) - Consumer Loans by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | 236 | 264 |
Consumer [Member] | ' | ' |
Note 5 - Loans (Details) - Consumer Loans by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | 50,099 | 50,574 |
All Other [Member] | Performing Financing Receivable [Member] | ' | ' |
Note 5 - Loans (Details) - Consumer Loans by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | 10,759 | 9,429 |
All Other [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 5 - Loans (Details) - Consumer Loans by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | ' | 2 |
All Other [Member] | ' | ' |
Note 5 - Loans (Details) - Consumer Loans by Credit Quality Indicators [Line Items] | ' | ' |
Gross Loans | $10,759 | $9,431 |
Note_5_Loans_Details_Internal_2
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans 2012 (USD $) | Dec. 31, 2012 |
In Thousands, unless otherwise specified | |
Construction, Land Development and Other Land Loan [Member] | Grade Three [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | $10,384 |
Construction, Land Development and Other Land Loan [Member] | Grade Four [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 22,384 |
Construction, Land Development and Other Land Loan [Member] | Grade W [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 6,735 |
Construction, Land Development and Other Land Loan [Member] | Grade Five [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 3,354 |
Construction, Land Development and Other Land Loan [Member] | Grade Six [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 4,000 |
Construction, Land Development and Other Land Loan [Member] | Grade Seven [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 2,780 |
Construction, Land Development and Other Land Loan [Member] | Not Risk Rated [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 16,486 |
Construction, Land Development and Other Land Loan [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 66,123 |
Multi Family Residential [Member] | Grade Three [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 404 |
Multi Family Residential [Member] | Grade Four [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 1,391 |
Multi Family Residential [Member] | Grade W [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 2,431 |
Multi Family Residential [Member] | Grade Five [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 7,183 |
Multi Family Residential [Member] | Grade Six [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 246 |
Multi Family Residential [Member] | Not Risk Rated [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 4 |
Multi Family Residential [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 11,659 |
Non Farm Nonresidential [Member] | Grade One [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 2,643 |
Non Farm Nonresidential [Member] | Grade Three [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 83,554 |
Non Farm Nonresidential [Member] | Grade Four [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 151,956 |
Non Farm Nonresidential [Member] | Grade W [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 73,306 |
Non Farm Nonresidential [Member] | Grade Five [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 28,910 |
Non Farm Nonresidential [Member] | Grade Six [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 38,328 |
Non Farm Nonresidential [Member] | Grade Seven [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 1,801 |
Non Farm Nonresidential [Member] | Not Risk Rated [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 156 |
Non Farm Nonresidential [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 380,654 |
Commercial Real Estate in Other Loans Held for Sale [Member] | Grade Seven [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 776 |
Commercial Real Estate in Other Loans Held for Sale [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 776 |
Commercial Real Estate Portfolio Segment [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 459,212 |
Less: commercial real estate included in other loans held for sale | -776 |
Total | 458,436 |
Grade One [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 2,643 |
Grade Three [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 94,342 |
Grade Four [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 175,731 |
Grade W [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 82,472 |
Grade Five [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 39,447 |
Grade Six [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 42,574 |
Grade Seven [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | 5,357 |
Not Risk Rated [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Gross loans | $16,646 |
Note_5_Loans_Details_Delinquen
Note 5 - Loans (Details) - Delinquencies by Class (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 days past due | ' | $7,580 |
Greater than 90 days past due on nonaccrual | ' | 15,848 |
Total past due | ' | 23,428 |
Current | ' | 715,630 |
Total loans | 767,513 | 739,058 |
30-89 days past due | 3,202 | 7,580 |
Greater than 90 days past due on nonaccrual | 15,108 | 15,072 |
Total past due | 18,310 | 22,652 |
Current | 749,203 | 715,630 |
Total loans | 767,513 | 738,282 |
Construction, Land Development and Other Land Loan [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 days past due | 82 | 175 |
Greater than 90 days past due on nonaccrual | 3,872 | 5,467 |
Total past due | 3,954 | 5,642 |
Current | 72,604 | 61,257 |
Total loans | 76,558 | 66,899 |
Multi Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 days past due | ' | 245 |
Greater than 90 days past due on nonaccrual | 181 | ' |
Total past due | 181 | 245 |
Current | 10,236 | 11,414 |
Total loans | 10,417 | 11,659 |
Non Farm Nonresidential [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 days past due | 1,199 | 4,574 |
Greater than 90 days past due on nonaccrual | 4,832 | 3,732 |
Total past due | 6,031 | 8,306 |
Current | 362,446 | 372,348 |
Total loans | 368,477 | 380,654 |
Commercial Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 days past due | 1,281 | 4,994 |
Greater than 90 days past due on nonaccrual | 8,885 | 9,199 |
Total past due | 10,166 | 14,193 |
Current | 445,286 | 445,019 |
Total loans | 455,452 | 459,212 |
Total loans | 455,452 | 458,436 |
Revolving Lines Secured By Single Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 days past due | 148 | 245 |
Greater than 90 days past due on nonaccrual | 797 | 816 |
Total past due | 945 | 1,061 |
Current | 68,973 | 58,690 |
Total loans | 69,918 | 59,751 |
Total loans | 69,918 | 59,751 |
Single Family Residential Closed End First Lien [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 days past due | 1,091 | 1,441 |
Greater than 90 days past due on nonaccrual | 3,176 | 4,442 |
Total past due | 4,267 | 5,883 |
Current | 100,009 | 97,639 |
Total loans | 104,276 | 103,522 |
Total loans | 104,276 | 103,522 |
Single Family Residential Closed End Junior Lien [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 days past due | 41 | 99 |
Greater than 90 days past due on nonaccrual | 129 | 299 |
Total past due | 170 | 398 |
Current | 3,761 | 4,509 |
Total loans | 3,931 | 4,907 |
Total loans | 3,931 | 4,907 |
Single Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 days past due | 1,280 | 1,785 |
Greater than 90 days past due on nonaccrual | 4,102 | 5,557 |
Total past due | 5,382 | 7,342 |
Current | 172,743 | 160,838 |
Total loans | 178,125 | 168,180 |
Total loans | 178,125 | 168,180 |
Commercial And Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 days past due | 306 | 395 |
Greater than 90 days past due on nonaccrual | 1,885 | 826 |
Total past due | 2,191 | 1,221 |
Current | 70,887 | 50,440 |
Total loans | 73,078 | 51,661 |
Total loans | 73,078 | 51,661 |
Consumer Credit Card Financing Receivable [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Greater than 90 days past due on nonaccrual | 1 | 17 |
Total past due | 1 | 17 |
Total loans | 1 | 17 |
Total loans | 1 | 17 |
Consumer Other Financing Receivable [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 days past due | 335 | 405 |
Greater than 90 days past due on nonaccrual | 235 | 247 |
Total past due | 570 | 652 |
Current | 49,528 | 49,905 |
Total loans | 50,098 | 50,557 |
Total loans | 50,098 | 50,557 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 days past due | 335 | 405 |
Greater than 90 days past due on nonaccrual | 236 | 264 |
Total past due | 571 | 669 |
Current | 49,528 | 49,905 |
Total loans | 50,099 | 50,574 |
Total loans | 50,099 | 50,574 |
Farmland [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 3,394 | 3,171 |
Total loans | 3,394 | 3,171 |
Obligations Of States And Political Subdivisions [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 497 | 739 |
Total loans | 497 | 739 |
Other Loan [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 days past due | ' | 1 |
Greater than 90 days past due on nonaccrual | ' | 2 |
Total past due | ' | 3 |
Current | 6,868 | 5,518 |
Total loans | 6,868 | 5,521 |
All Other [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 days past due | ' | 1 |
Greater than 90 days past due on nonaccrual | ' | 2 |
Total past due | ' | 3 |
Current | 10,759 | 9,428 |
Total loans | 10,759 | 9,431 |
Total loans | 10,759 | 9,431 |
Other Loans Held For Sale [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Greater than 90 days past due on nonaccrual | ' | -776 |
Total past due | ' | -776 |
Total loans | ' | ($776) |
Note_5_Loans_Details_Carrying_
Note 5 - Loans (Details) - Carrying Balance of Troubled Debt Restructurings (Loans, Gross [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 5 - Loans (Details) - Carrying Balance of Troubled Debt Restructurings [Line Items] | ' | ' |
Loans, gross | $28,928 | $33,278 |
Performing Financing Receivable [Member] | ' | ' |
Note 5 - Loans (Details) - Carrying Balance of Troubled Debt Restructurings [Line Items] | ' | ' |
Loans, gross | 26,744 | 30,154 |
Nonperforming Financing Receivable [Member] | ' | ' |
Note 5 - Loans (Details) - Carrying Balance of Troubled Debt Restructurings [Line Items] | ' | ' |
Loans, gross | $2,184 | $3,124 |
Note_5_Loans_Details_Troubled_
Note 5 - Loans (Details) - Troubled Debt Restructurings Removed from Classification (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Troubled Debt Restructurings Removed from Classification [Abstract] | ' | ' | ' |
Carrying balance (in Dollars) | $7,077 | $6,018 | $1,152 |
Count | 14 | 19 | 2 |
Note_5_Loans_Details_Loans_Mod
Note 5 - Loans (Details) - Loans Modified (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Number of loans | 6 | 16 | 57 |
Pre-modification outstanding recorded investment | $4,666 | $7,615 | $29,468 |
Post-modification outstanding recorded investment | 4,666 | 7,610 | 28,420 |
Construction, Land Development and Other Land Loan [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Number of loans | 1 | 1 | 6 |
Pre-modification outstanding recorded investment | 60 | 4,089 | 6,657 |
Post-modification outstanding recorded investment | 60 | 4,089 | 6,657 |
Non Farm Nonresidential [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Number of loans | 4 | 8 | 19 |
Pre-modification outstanding recorded investment | 4,364 | 2,305 | 19,466 |
Post-modification outstanding recorded investment | 4,364 | 2,305 | 18,845 |
Commercial Real Estate Loans [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Number of loans | 5 | 9 | 25 |
Pre-modification outstanding recorded investment | 4,424 | 6,394 | 26,123 |
Post-modification outstanding recorded investment | 4,424 | 6,394 | 25,502 |
Single-Family Real Estate [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Number of loans | ' | 4 | 21 |
Pre-modification outstanding recorded investment | ' | 715 | 1,964 |
Post-modification outstanding recorded investment | ' | 715 | 1,964 |
Commercial And Industrial [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Number of loans | 1 | 3 | 8 |
Pre-modification outstanding recorded investment | 242 | 506 | 1,337 |
Post-modification outstanding recorded investment | 242 | 501 | 910 |
Consumer [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Number of loans | 0 | ' | 3 |
Pre-modification outstanding recorded investment | 0 | ' | 44 |
Post-modification outstanding recorded investment | 0 | ' | 44 |
Other Loans Held For Sale [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Number of loans | ' | ' | 3 |
Pre-modification outstanding recorded investment | ' | ' | 11,250 |
Post-modification outstanding recorded investment | ' | ' | 10,869 |
Loans, Gross [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Number of loans | 6 | 16 | 54 |
Pre-modification outstanding recorded investment | 4,666 | 7,615 | 18,218 |
Post-modification outstanding recorded investment | 4,666 | 7,610 | 17,551 |
Rate Concessions [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Number of loans | 1 | ' | 5 |
Pre-modification outstanding recorded investment | 60 | ' | 2,390 |
Post-modification outstanding recorded investment | 60 | ' | 2,390 |
Term Concession [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Number of loans | 5 | 6 | 28 |
Pre-modification outstanding recorded investment | 4,606 | 5,047 | 11,589 |
Post-modification outstanding recorded investment | 4,606 | 5,047 | 11,162 |
Rate And Term Concessions [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Number of loans | ' | 10 | 17 |
Pre-modification outstanding recorded investment | ' | 2,568 | 10,012 |
Post-modification outstanding recorded investment | ' | 2,563 | 9,772 |
Rate Term And Required Principal Paydown Concessions [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Number of loans | ' | ' | 1 |
Pre-modification outstanding recorded investment | ' | ' | 504 |
Post-modification outstanding recorded investment | ' | ' | 504 |
Required Principal Paydown Concession [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Number of loans | ' | ' | 1 |
Pre-modification outstanding recorded investment | ' | ' | 1,736 |
Post-modification outstanding recorded investment | ' | ' | 1,355 |
Other Commercial Loans [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Number of loans | ' | ' | 5 |
Pre-modification outstanding recorded investment | ' | ' | 3,237 |
Post-modification outstanding recorded investment | ' | ' | $3,237 |
Note_5_Loans_Details_Troubled_1
Note 5 - Loans (Details) - Troubled Debt Restructurings (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Construction, Land Development and Other Land Loan [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Troubled Debt Restructurings [Line Items] | ' | ' | ' |
Number of loans | 1 | ' | ' |
Recorded Investment (in Dollars) | $56 | ' | ' |
Non Farm Nonresidential [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Troubled Debt Restructurings [Line Items] | ' | ' | ' |
Number of loans | ' | 2 | 5 |
Recorded Investment (in Dollars) | ' | 2,122 | 5,760 |
Commercial Real Estate Loans [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Troubled Debt Restructurings [Line Items] | ' | ' | ' |
Number of loans | 1 | 2 | 5 |
Recorded Investment (in Dollars) | 56 | 2,122 | 5,760 |
Single-Family Real Estate [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Troubled Debt Restructurings [Line Items] | ' | ' | ' |
Number of loans | 1 | 2 | 8 |
Recorded Investment (in Dollars) | 404 | 293 | 966 |
Commercial And Industrial [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Troubled Debt Restructurings [Line Items] | ' | ' | ' |
Number of loans | 1 | ' | 6 |
Recorded Investment (in Dollars) | 127 | ' | 619 |
Loans, Gross [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Troubled Debt Restructurings [Line Items] | ' | ' | ' |
Number of loans | 3 | 4 | 19 |
Recorded Investment (in Dollars) | 587 | 2,415 | 7,345 |
Other Loans Held For Sale [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Troubled Debt Restructurings [Line Items] | ' | ' | ' |
Number of loans | ' | ' | 1 |
Recorded Investment (in Dollars) | ' | ' | 2,979 |
Loans, Gross Excluding Other Loans Held For Sale [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Troubled Debt Restructurings [Line Items] | ' | ' | ' |
Number of loans | 3 | 4 | 18 |
Recorded Investment (in Dollars) | $587 | $2,415 | $4,366 |
Note_5_Loans_Details_Compositi
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Impaired loans | ' | $42,095 |
Loans, Gross [Member] | Performing Troubled Debt Restructured Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Impaired loans | 26,744 | 30,154 |
Loans, Gross [Member] | Non Performing Troubled Debt Restructured Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Impaired loans | 2,184 | 3,124 |
Loans, Gross [Member] | Non Performing Other Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Impaired loans | 6,580 | 2,628 |
Loans, Gross [Member] | Performing Other Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Impaired loans | 9,187 | 5,413 |
Loans, Gross [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Impaired loans | 44,695 | 41,319 |
Other Loans Held For Sale [Member] | Non Performing Other Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Impaired loans | ' | 776 |
Other Loans Held For Sale [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Impaired loans | ' | 776 |
Performing Troubled Debt Restructured Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Impaired loans | ' | 30,154 |
Non Performing Troubled Debt Restructured Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Impaired loans | ' | 3,124 |
Non Performing Other Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Impaired loans | ' | 3,404 |
Performing Other Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Impaired loans | ' | $5,413 |
Note_5_Loans_Details_Compositi1
Note 5 - Loans (Details) - Composition of Impaired Loans by Class (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | ' | $25,206 |
Impaired loans with no related allowance, unpaid principal balance | ' | 56,494 |
Impaired loans with related allowance, recorded investment | ' | 16,889 |
Impaired loans with related allowance, unpaid principal balance | ' | 16,889 |
Impaired loans with related allowance, related allowance | ' | 2,477 |
Total Impaired Loans, recorded investment | ' | 42,095 |
Total Impaired Loans, unpaid principal balance | ' | 73,383 |
Total Impaired Loans, related allowance | ' | 2,477 |
Construction, Land Development and Other Land Loan [Member] | Loans, Gross [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | 3,244 | 3,732 |
Impaired loans with no related allowance, unpaid principal balance | 6,503 | 16,005 |
Impaired loans with related allowance, recorded investment | 260 | 254 |
Impaired loans with related allowance, unpaid principal balance | 260 | 254 |
Impaired loans with related allowance, related allowance | 68 | 68 |
Total Impaired Loans, recorded investment | 3,504 | 3,986 |
Total Impaired Loans, unpaid principal balance | 6,763 | 16,259 |
Total Impaired Loans, related allowance | 68 | 68 |
Construction, Land Development and Other Land Loan [Member] | Other Loans Held For Sale [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | ' | 776 |
Impaired loans with no related allowance, unpaid principal balance | ' | 8,656 |
Total Impaired Loans, recorded investment | ' | 776 |
Total Impaired Loans, unpaid principal balance | ' | 8,656 |
Construction, Land Development and Other Land Loan [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | ' | 4,508 |
Impaired loans with no related allowance, unpaid principal balance | ' | 24,661 |
Impaired loans with related allowance, recorded investment | ' | 254 |
Impaired loans with related allowance, unpaid principal balance | ' | 254 |
Impaired loans with related allowance, related allowance | ' | 68 |
Total Impaired Loans, recorded investment | ' | 4,762 |
Total Impaired Loans, unpaid principal balance | ' | 24,915 |
Total Impaired Loans, related allowance | ' | 68 |
Multi Family Residential [Member] | Loans, Gross [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | 181 | ' |
Impaired loans with no related allowance, unpaid principal balance | 239 | ' |
Impaired loans with related allowance, recorded investment | ' | 246 |
Impaired loans with related allowance, unpaid principal balance | ' | 246 |
Impaired loans with related allowance, related allowance | ' | 76 |
Total Impaired Loans, recorded investment | 181 | 246 |
Total Impaired Loans, unpaid principal balance | 239 | 246 |
Total Impaired Loans, related allowance | ' | 76 |
Multi Family Residential [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with related allowance, recorded investment | ' | 246 |
Impaired loans with related allowance, unpaid principal balance | ' | 246 |
Impaired loans with related allowance, related allowance | ' | 76 |
Total Impaired Loans, recorded investment | ' | 246 |
Total Impaired Loans, unpaid principal balance | ' | 246 |
Total Impaired Loans, related allowance | ' | 76 |
Non Farm Nonresidential [Member] | Loans, Gross [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | 17,414 | 18,012 |
Impaired loans with no related allowance, unpaid principal balance | 24,422 | 24,275 |
Impaired loans with related allowance, recorded investment | 18,839 | 14,309 |
Impaired loans with related allowance, unpaid principal balance | 18,839 | 14,309 |
Impaired loans with related allowance, related allowance | 1,668 | 2,055 |
Total Impaired Loans, recorded investment | 36,253 | 32,321 |
Total Impaired Loans, unpaid principal balance | 43,261 | 38,584 |
Total Impaired Loans, related allowance | 1,668 | 2,055 |
Non Farm Nonresidential [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | ' | 18,012 |
Impaired loans with no related allowance, unpaid principal balance | ' | 24,275 |
Impaired loans with related allowance, recorded investment | ' | 14,309 |
Impaired loans with related allowance, unpaid principal balance | ' | 14,309 |
Impaired loans with related allowance, related allowance | ' | 2,055 |
Total Impaired Loans, recorded investment | ' | 32,321 |
Total Impaired Loans, unpaid principal balance | ' | 38,584 |
Total Impaired Loans, related allowance | ' | 2,055 |
Commercial Real Estate Loans [Member] | Loans, Gross [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | 20,839 | 21,744 |
Impaired loans with no related allowance, unpaid principal balance | 31,164 | 40,280 |
Impaired loans with related allowance, recorded investment | 19,099 | 14,809 |
Impaired loans with related allowance, unpaid principal balance | 19,099 | 14,809 |
Impaired loans with related allowance, related allowance | 1,736 | 2,199 |
Total Impaired Loans, recorded investment | 39,938 | 36,553 |
Total Impaired Loans, unpaid principal balance | 50,263 | 55,089 |
Total Impaired Loans, related allowance | 1,736 | 2,199 |
Commercial Real Estate Loans [Member] | Other Loans Held For Sale [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | ' | 776 |
Impaired loans with no related allowance, unpaid principal balance | ' | 8,656 |
Total Impaired Loans, recorded investment | ' | 776 |
Total Impaired Loans, unpaid principal balance | ' | 8,656 |
Commercial Real Estate Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | ' | 22,520 |
Impaired loans with no related allowance, unpaid principal balance | ' | 48,936 |
Impaired loans with related allowance, recorded investment | ' | 14,809 |
Impaired loans with related allowance, unpaid principal balance | ' | 14,809 |
Impaired loans with related allowance, related allowance | ' | 2,199 |
Total Impaired Loans, recorded investment | ' | 37,329 |
Total Impaired Loans, unpaid principal balance | ' | 63,745 |
Total Impaired Loans, related allowance | ' | 2,199 |
Revolving Lines Secured By Single Family Residential Properties [Member] | Loans, Gross [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with related allowance, recorded investment | 404 | 404 |
Impaired loans with related allowance, unpaid principal balance | 404 | 404 |
Impaired loans with related allowance, related allowance | 83 | ' |
Total Impaired Loans, recorded investment | 404 | 404 |
Total Impaired Loans, unpaid principal balance | 404 | 404 |
Total Impaired Loans, related allowance | 83 | ' |
Revolving Lines Secured By Single Family Residential Properties [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with related allowance, recorded investment | ' | 404 |
Impaired loans with related allowance, unpaid principal balance | ' | 404 |
Total Impaired Loans, recorded investment | ' | 404 |
Total Impaired Loans, unpaid principal balance | ' | 404 |
Single Family Residential Closed End First Lien [Member] | Loans, Gross [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | 1,369 | 1,963 |
Impaired loans with no related allowance, unpaid principal balance | 5,811 | 6,408 |
Impaired loans with related allowance, recorded investment | 323 | 707 |
Impaired loans with related allowance, unpaid principal balance | 323 | 707 |
Impaired loans with related allowance, related allowance | 18 | 54 |
Total Impaired Loans, recorded investment | 1,692 | 2,670 |
Total Impaired Loans, unpaid principal balance | 6,134 | 7,115 |
Total Impaired Loans, related allowance | 18 | 54 |
Single Family Residential Closed End First Lien [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | ' | 1,963 |
Impaired loans with no related allowance, unpaid principal balance | ' | 6,408 |
Impaired loans with related allowance, recorded investment | ' | 707 |
Impaired loans with related allowance, unpaid principal balance | ' | 707 |
Impaired loans with related allowance, related allowance | ' | 54 |
Total Impaired Loans, recorded investment | ' | 2,670 |
Total Impaired Loans, unpaid principal balance | ' | 7,115 |
Total Impaired Loans, related allowance | ' | 54 |
Single Family Residential Closed End Junior Lien [Member] | Loans, Gross [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | ' | 31 |
Impaired loans with no related allowance, unpaid principal balance | ' | 31 |
Impaired loans with related allowance, recorded investment | 195 | 173 |
Impaired loans with related allowance, unpaid principal balance | 195 | 173 |
Impaired loans with related allowance, related allowance | 62 | 162 |
Total Impaired Loans, recorded investment | 195 | 204 |
Total Impaired Loans, unpaid principal balance | 195 | 204 |
Total Impaired Loans, related allowance | 62 | 162 |
Single Family Residential Closed End Junior Lien [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | ' | 31 |
Impaired loans with no related allowance, unpaid principal balance | ' | 31 |
Impaired loans with related allowance, recorded investment | ' | 173 |
Impaired loans with related allowance, unpaid principal balance | ' | 173 |
Impaired loans with related allowance, related allowance | ' | 162 |
Total Impaired Loans, recorded investment | ' | 204 |
Total Impaired Loans, unpaid principal balance | ' | 204 |
Total Impaired Loans, related allowance | ' | 162 |
Single Family Residential [Member] | Loans, Gross [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | 1,369 | 1,994 |
Impaired loans with no related allowance, unpaid principal balance | 5,811 | 6,439 |
Impaired loans with related allowance, recorded investment | 922 | 1,284 |
Impaired loans with related allowance, unpaid principal balance | 922 | 1,284 |
Impaired loans with related allowance, related allowance | 163 | 216 |
Total Impaired Loans, recorded investment | 2,291 | 3,278 |
Total Impaired Loans, unpaid principal balance | 6,733 | 7,723 |
Total Impaired Loans, related allowance | 163 | 216 |
Single Family Residential [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | ' | 1,994 |
Impaired loans with no related allowance, unpaid principal balance | ' | 6,439 |
Impaired loans with related allowance, recorded investment | ' | 1,284 |
Impaired loans with related allowance, unpaid principal balance | ' | 1,284 |
Impaired loans with related allowance, related allowance | ' | 216 |
Total Impaired Loans, recorded investment | ' | 3,278 |
Total Impaired Loans, unpaid principal balance | ' | 7,723 |
Total Impaired Loans, related allowance | ' | 216 |
Commercial And Industrial [Member] | Loans, Gross [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | 753 | 674 |
Impaired loans with no related allowance, unpaid principal balance | 1,150 | 1,101 |
Impaired loans with related allowance, recorded investment | 1,680 | 776 |
Impaired loans with related allowance, unpaid principal balance | 2,980 | 776 |
Impaired loans with related allowance, related allowance | 644 | 58 |
Total Impaired Loans, recorded investment | 2,433 | 1,450 |
Total Impaired Loans, unpaid principal balance | 4,130 | 1,877 |
Total Impaired Loans, related allowance | 644 | 58 |
Commercial And Industrial [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | ' | 674 |
Impaired loans with no related allowance, unpaid principal balance | ' | 1,101 |
Impaired loans with related allowance, recorded investment | ' | 776 |
Impaired loans with related allowance, unpaid principal balance | ' | 776 |
Impaired loans with related allowance, related allowance | ' | 58 |
Total Impaired Loans, recorded investment | ' | 1,450 |
Total Impaired Loans, unpaid principal balance | ' | 1,877 |
Total Impaired Loans, related allowance | ' | 58 |
Consumer [Member] | Loans, Gross [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | 7 | 18 |
Impaired loans with no related allowance, unpaid principal balance | 7 | 18 |
Impaired loans with related allowance, recorded investment | 26 | 20 |
Impaired loans with related allowance, unpaid principal balance | 26 | 20 |
Impaired loans with related allowance, related allowance | 12 | 4 |
Total Impaired Loans, recorded investment | 33 | 38 |
Total Impaired Loans, unpaid principal balance | 33 | 38 |
Total Impaired Loans, related allowance | 12 | 4 |
Consumer [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | ' | 18 |
Impaired loans with no related allowance, unpaid principal balance | ' | 18 |
Impaired loans with related allowance, recorded investment | ' | 20 |
Impaired loans with related allowance, unpaid principal balance | ' | 20 |
Impaired loans with related allowance, related allowance | ' | 4 |
Total Impaired Loans, recorded investment | ' | 38 |
Total Impaired Loans, unpaid principal balance | ' | 38 |
Total Impaired Loans, related allowance | ' | 4 |
Loans, Gross [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | 22,968 | 24,430 |
Impaired loans with no related allowance, unpaid principal balance | 38,132 | 47,838 |
Impaired loans with related allowance, recorded investment | 21,727 | 16,889 |
Impaired loans with related allowance, unpaid principal balance | 23,027 | 16,889 |
Impaired loans with related allowance, related allowance | 2,555 | 2,477 |
Total Impaired Loans, recorded investment | 44,695 | 41,319 |
Total Impaired Loans, unpaid principal balance | 61,159 | 64,727 |
Total Impaired Loans, related allowance | 2,555 | 2,477 |
Other Loans Held For Sale [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | ' | 776 |
Impaired loans with no related allowance, unpaid principal balance | ' | 8,656 |
Total Impaired Loans, recorded investment | ' | 776 |
Total Impaired Loans, unpaid principal balance | ' | $8,656 |
Note_5_Loans_Details_Allowance
Note 5 - Loans (Details) - Allowance for Loan Losses (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Note 5 - Loans (Details) - Allowance for Loan Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning of period | ' | ' | ' | $17,825 | ' | ' | ' | $25,596 | $17,825 | $25,596 | ' |
Provision for loan losses | 1,800 | 645 | 670 | 350 | 1,325 | 600 | 8,450 | 2,700 | 3,465 | 13,075 | 20,500 |
Loan charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 5,891 | 22,520 | ' |
Loan recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 1,086 | 1,674 | ' |
Net loans charged-off | ' | ' | ' | ' | ' | ' | ' | ' | 4,805 | 20,846 | ' |
Allowance for loan losses, end of period | 16,485 | ' | ' | ' | 17,825 | ' | ' | ' | 16,485 | 17,825 | 25,596 |
Loans, gross, individually evaluated for impairment | 44,695 | ' | ' | ' | 41,319 | ' | ' | ' | 44,695 | 41,319 | ' |
Loans, gross, collectively evaluated for impairment | 722,818 | ' | ' | ' | 696,963 | ' | ' | ' | 722,818 | 696,963 | ' |
Loans, gross | 767,513 | ' | ' | ' | 738,282 | ' | ' | ' | 767,513 | 738,282 | ' |
Allowance for loan losses, individually evaluated for impairment | 2,555 | ' | ' | ' | 2,477 | ' | ' | ' | 2,555 | 2,477 | ' |
Allowance for loan losses, collectively evaluated for impairment | 13,930 | ' | ' | ' | 15,348 | ' | ' | ' | 13,930 | 15,348 | ' |
Commercial Real Estate Loans [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note 5 - Loans (Details) - Allowance for Loan Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning of period | ' | ' | ' | 12,317 | ' | ' | ' | 18,026 | 12,317 | 18,026 | ' |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | -263 | 11,630 | ' |
Loan charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 1,780 | 17,548 | ' |
Loan recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 291 | 209 | ' |
Net loans charged-off | ' | ' | ' | ' | ' | ' | ' | ' | 1,489 | 17,339 | ' |
Allowance for loan losses, end of period | 10,565 | ' | ' | ' | 12,317 | ' | ' | ' | 10,565 | 12,317 | ' |
Loans, gross, individually evaluated for impairment | 39,938 | ' | ' | ' | 36,553 | ' | ' | ' | 39,938 | 36,553 | ' |
Loans, gross, collectively evaluated for impairment | 415,514 | ' | ' | ' | 421,883 | ' | ' | ' | 415,514 | 421,883 | ' |
Loans, gross | 455,452 | ' | ' | ' | 458,436 | ' | ' | ' | 455,452 | 458,436 | ' |
Allowance for loan losses, individually evaluated for impairment | 1,736 | ' | ' | ' | 2,199 | ' | ' | ' | 1,736 | 2,199 | ' |
Allowance for loan losses, collectively evaluated for impairment | 8,829 | ' | ' | ' | 10,118 | ' | ' | ' | 8,829 | 10,118 | ' |
Single Family Residential [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note 5 - Loans (Details) - Allowance for Loan Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning of period | ' | ' | ' | 3,140 | ' | ' | ' | 4,488 | 3,140 | 4,488 | ' |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 580 | 1,318 | ' |
Loan charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 731 | 3,314 | ' |
Loan recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 135 | 648 | ' |
Net loans charged-off | ' | ' | ' | ' | ' | ' | ' | ' | 596 | 2,666 | ' |
Allowance for loan losses, end of period | 3,124 | ' | ' | ' | 3,140 | ' | ' | ' | 3,124 | 3,140 | ' |
Loans, gross, individually evaluated for impairment | 2,291 | ' | ' | ' | 3,278 | ' | ' | ' | 2,291 | 3,278 | ' |
Loans, gross, collectively evaluated for impairment | 175,834 | ' | ' | ' | 164,902 | ' | ' | ' | 175,834 | 164,902 | ' |
Loans, gross | 178,125 | ' | ' | ' | 168,180 | ' | ' | ' | 178,125 | 168,180 | ' |
Allowance for loan losses, individually evaluated for impairment | 163 | ' | ' | ' | 216 | ' | ' | ' | 163 | 216 | ' |
Allowance for loan losses, collectively evaluated for impairment | 2,961 | ' | ' | ' | 2,924 | ' | ' | ' | 2,961 | 2,924 | ' |
Commercial And Industrial [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note 5 - Loans (Details) - Allowance for Loan Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning of period | ' | ' | ' | 1,264 | ' | ' | ' | 1,862 | 1,264 | 1,862 | ' |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 2,697 | -390 | ' |
Loan charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 2,426 | 376 | ' |
Loan recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 147 | 168 | ' |
Net loans charged-off | ' | ' | ' | ' | ' | ' | ' | ' | 2,279 | 208 | ' |
Allowance for loan losses, end of period | 1,682 | ' | ' | ' | 1,264 | ' | ' | ' | 1,682 | 1,264 | ' |
Loans, gross, individually evaluated for impairment | 2,433 | ' | ' | ' | 1,450 | ' | ' | ' | 2,433 | 1,450 | ' |
Loans, gross, collectively evaluated for impairment | 70,645 | ' | ' | ' | 50,211 | ' | ' | ' | 70,645 | 50,211 | ' |
Loans, gross | 73,078 | ' | ' | ' | 51,661 | ' | ' | ' | 73,078 | 51,661 | ' |
Allowance for loan losses, individually evaluated for impairment | 644 | ' | ' | ' | 58 | ' | ' | ' | 644 | 58 | ' |
Allowance for loan losses, collectively evaluated for impairment | 1,038 | ' | ' | ' | 1,206 | ' | ' | ' | 1,038 | 1,206 | ' |
Consumer [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note 5 - Loans (Details) - Allowance for Loan Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning of period | ' | ' | ' | 1,093 | ' | ' | ' | 1,209 | 1,093 | 1,209 | ' |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 172 | 277 | ' |
Loan charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 285 | 586 | ' |
Loan recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 138 | 193 | ' |
Net loans charged-off | ' | ' | ' | ' | ' | ' | ' | ' | 147 | 393 | ' |
Allowance for loan losses, end of period | 1,118 | ' | ' | ' | 1,093 | ' | ' | ' | 1,118 | 1,093 | ' |
Loans, gross, individually evaluated for impairment | 33 | ' | ' | ' | 38 | ' | ' | ' | 33 | 38 | ' |
Loans, gross, collectively evaluated for impairment | 50,066 | ' | ' | ' | 50,536 | ' | ' | ' | 50,066 | 50,536 | ' |
Loans, gross | 50,099 | ' | ' | ' | 50,574 | ' | ' | ' | 50,099 | 50,574 | ' |
Allowance for loan losses, individually evaluated for impairment | 12 | ' | ' | ' | 4 | ' | ' | ' | 12 | 4 | ' |
Allowance for loan losses, collectively evaluated for impairment | 1,106 | ' | ' | ' | 1,089 | ' | ' | ' | 1,106 | 1,089 | ' |
All Other [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note 5 - Loans (Details) - Allowance for Loan Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning of period | ' | ' | ' | 11 | ' | ' | ' | 11 | 11 | 11 | ' |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 279 | 240 | ' |
Loan charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 669 | 696 | ' |
Loan recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 375 | 456 | ' |
Net loans charged-off | ' | ' | ' | ' | ' | ' | ' | ' | 294 | 240 | ' |
Allowance for loan losses, end of period | -4 | ' | ' | ' | 11 | ' | ' | ' | -4 | 11 | ' |
Loans, gross, individually evaluated for impairment | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' |
Loans, gross, collectively evaluated for impairment | 10,759 | ' | ' | ' | 9,431 | ' | ' | ' | 10,759 | 9,431 | ' |
Loans, gross | 10,759 | ' | ' | ' | 9,431 | ' | ' | ' | 10,759 | 9,431 | ' |
Allowance for loan losses, individually evaluated for impairment | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' |
Allowance for loan losses, collectively evaluated for impairment | ($4) | ' | ' | ' | $11 | ' | ' | ' | ($4) | $11 | ' |
Note_6_Other_Loans_Held_for_Sa2
Note 6 - Other Loans Held for Sale and Valuation Allowance (Details) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2012 |
Loans Held For Sale And Valuation Allowance Disclosure [Abstract] | ' |
Gain (Loss) on Sales of Loans, Net | $326 |
Note_6_Other_Loans_Held_for_Sa3
Note 6 - Other Loans Held for Sale and Valuation Allowance (Details) - Other Loans Held for Sale and Valuation Allowance (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Note 6 - Other Loans Held for Sale and Valuation Allowance (Details) - Other Loans Held for Sale and Valuation Allowance [Line Items] | ' | ' | ' |
Valuation allowance | $1,512 | $2,561 | ' |
Additions: | ' | ' | ' |
Writedowns on other loans held for sale included in valuation allowance, net | ' | 1,437 | ' |
Total additions valuation allowance | ' | 1,437 | ' |
Reductions: | ' | ' | ' |
Proceeds from sales of other loans held for sale | 1,102 | 13,922 | 7,952 |
Proceeds from sales of other loans held for sale valuation allowance | 1,512 | 874 | ' |
Other loans held for sale transferred to gross loans | ' | 1,574 | ' |
Gain on sales of SBA loans | ' | 326 | ' |
Net paydowns | ' | 38 | ' |
Total reductions valuation allowance | ' | 2,486 | ' |
Valuation allowance | ' | 1,512 | 2,561 |
Gross Loans [Member] | Gross [Member] | ' | ' | ' |
Additions: | ' | ' | ' |
Gross loans transferred to other loans held for sale related to branch sales | ' | 7,508 | ' |
SBA Loans [Member] | Gross [Member] | ' | ' | ' |
Additions: | ' | ' | ' |
Loans transferred to other loans held for sale | 2,015 | 1,668 | ' |
Total additions | 2,015 | ' | ' |
Reductions: | ' | ' | ' |
Proceeds from sales of SBA loans | 2,222 | 1,830 | ' |
Gain on sales of SBA loans | -207 | -162 | ' |
Total reductions | 4,303 | ' | ' |
SBA Loans [Member] | ' | ' | ' |
Reductions: | ' | ' | ' |
Total reductions valuation allowance | 1,512 | ' | ' |
Other Gross Loans [Member] | Gross [Member] | ' | ' | ' |
Additions: | ' | ' | ' |
Other gross loans transferred to other loans held for sale | ' | 12,214 | ' |
Gross [Member] | ' | ' | ' |
Note 6 - Other Loans Held for Sale and Valuation Allowance (Details) - Other Loans Held for Sale and Valuation Allowance [Line Items] | ' | ' | ' |
Balance | 2,288 | 16,739 | ' |
Additions: | ' | ' | ' |
Total additions | ' | 21,390 | ' |
Reductions: | ' | ' | ' |
Proceeds from sales of other loans held for sale | 2,614 | 22,100 | ' |
Transfers to foreclosed real estate | ' | 1,814 | ' |
Other loans held for sale transferred to gross loans | ' | 7,717 | ' |
Gain on sales of other loans held for sale | -326 | 2,434 | ' |
Net paydowns | ' | 108 | ' |
Total reductions | ' | 35,841 | ' |
Balance | ' | $2,288 | ' |
Note_7_Premises_and_Equipment_2
Note 7 - Premises and Equipment, net (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Property, Plant and Equipment [Abstract] | ' | ' | ' |
Number Of Commercial And Consumer Banking Branches | 25 | ' | ' |
Number Of Leased Branches | 5 | ' | ' |
Number Of Owned Branches | 20 | ' | ' |
Depreciation (in Dollars) | $2,581 | $2,529 | $2,452 |
Note_7_Premises_and_Equipment_3
Note 7 - Premises and Equipment, net (Details) - Premises and Equipment Balances (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | $48,756 | $48,515 |
Accumulated depreciation | -25,389 | -23,719 |
Premises and equipment, net | 23,367 | 24,796 |
Land [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | 5,521 | 5,581 |
Building [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | 19,395 | 19,541 |
Leasehold Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | 3,746 | 4,309 |
Furniture and Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | 13,259 | 12,640 |
Software [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | 5,344 | 4,971 |
Bank Automobiles [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | 95 | 95 |
Capital Lease Asset [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | $1,396 | $1,378 |
Note_8_LongLived_Assets_Held_f1
Note 8 - Long-Lived Assets Held for Sale (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Vacant Parcel Of Land [Member] | ' |
Note 8 - Long-Lived Assets Held for Sale (Details) [Line Items] | ' |
Assets Held-for-sale, Long Lived | $562 |
Branch Facility [Member] | ' |
Note 8 - Long-Lived Assets Held for Sale (Details) [Line Items] | ' |
Assets Held-for-sale, Long Lived | $123 |
Note_9_Servicing_Rights_Detail
Note 9 - Servicing Rights (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Mortgage Servicing Rights [Member] | ' | ' | ' | ' |
Note 9 - Servicing Rights (Details) [Line Items] | ' | ' | ' | ' |
Servicing Asset at Amortized Cost | $2,431 | $2,584 | $2,586 | $2,896 |
Servicing Asset at Fair Value, Amount | 3,800 | 3,100 | ' | ' |
SBA Servicing Rights [Member] | ' | ' | ' | ' |
Note 9 - Servicing Rights (Details) [Line Items] | ' | ' | ' | ' |
Servicing Asset at Amortized Cost | 64 | 39 | ' | ' |
Servicing Asset at Fair Value, Amount | $69 | ' | ' | ' |
Note_9_Servicing_Rights_Detail1
Note 9 - Servicing Rights (Details) - Servicing Rights Activity (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Mortgage Servicing Rights [Member] | ' | ' | ' |
Servicing Asset at Amortized Cost [Line Items] | ' | ' | ' |
Mortgage-servicing rights portfolio, net of valuation allowance, beginning of period | $2,584 | $2,586 | $2,896 |
Mortgage-servicing rights portfolio, net of valuation allowance, end of period | 2,431 | 2,584 | 2,586 |
Capitalized mortgage-servicing rights | 612 | 864 | 465 |
Mortgage-servicing rights portfolio amortization and impairment | -765 | -866 | -775 |
SBA Servicing Rights [Member] | ' | ' | ' |
Servicing Asset at Amortized Cost [Line Items] | ' | ' | ' |
Mortgage-servicing rights portfolio, net of valuation allowance, beginning of period | 39 | ' | ' |
Mortgage-servicing rights portfolio, net of valuation allowance, end of period | 64 | 39 | ' |
Capitalized mortgage-servicing rights | 47 | 40 | ' |
Mortgage-servicing rights portfolio amortization and impairment | ($22) | ($1) | ' |
Note_9_Servicing_Rights_Detail2
Note 9 - Servicing Rights (Details) - Estimated Future Amortization Expense of Servicing Rights (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Mortgage Servicing Rights [Member] | ' |
Note 9 - Servicing Rights (Details) - Estimated Future Amortization Expense of Servicing Rights [Line Items] | ' |
2014 | $696 |
2015 | 560 |
2016 | 447 |
2017 | 354 |
2018 | 277 |
Thereafter | 97 |
Estimated future amortization expense | 2,431 |
SBA Servicing Rights [Member] | ' |
Note 9 - Servicing Rights (Details) - Estimated Future Amortization Expense of Servicing Rights [Line Items] | ' |
2014 | 12 |
2015 | 11 |
2016 | 10 |
2017 | 9 |
2018 | 7 |
Thereafter | 23 |
Estimated future amortization expense | $72 |
Note_9_Servicing_Rights_Detail3
Note 9 - Servicing Rights (Details) - Valuation Allowance for Impairment of Servicing Rights (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2010 |
Mortgage Servicing Rights [Member] | ' | ' | ' |
Valuation Allowance for Impairment of Recognized Servicing Assets [Line Items] | ' | ' | ' |
Valuation allowance, beginning of period | $41 | $39 | $39 |
Additions charged (reduction credited) to operations | -10 | 2 | ' |
Valuation allowance, end of period | 31 | 41 | 39 |
SBA Servicing Rights [Member] | ' | ' | ' |
Valuation Allowance for Impairment of Recognized Servicing Assets [Line Items] | ' | ' | ' |
Additions charged (reduction credited) to operations | 8 | ' | ' |
Valuation allowance, end of period | $8 | ' | ' |
Note_10_Foreclosed_Real_Estate2
Note 10 - Foreclosed Real Estate and Repossessed Personal Property (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Foreclosed Real Estate And Repossessed Personal Property [Abstract] | ' | ' |
Number Of Developed Lots Included In Real Estate Segment | 77 | 80 |
Amount Of Developed Residential Lots (in Dollars) | $6.50 | $8.50 |
Number of Real Estate Properties | 1 | 1 |
Note_10_Foreclosed_Real_Estate3
Note 10 - Foreclosed Real Estate and Repossessed Personal Property (Details) - Foreclosed Real Estate and Repossessed Personal Property (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Foreclosed Real Estate and Repossessed Personal Property [Abstract] | ' | ' | ' | ' |
Foreclosed real estate | $7,502 | $10,911 | $27,663 | $19,983 |
Repossessed personal property | 43 | 81 | ' | ' |
Total foreclosed real estate and repossessed personal property | $7,545 | $10,992 | ' | ' |
Note_10_Foreclosed_Real_Estate4
Note 10 - Foreclosed Real Estate and Repossessed Personal Property (Details) - Changes in Foreclosed Real Estate Portfolio (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Changes in Foreclosed Real Estate Portfolio [Abstract] | ' | ' | ' |
Foreclosed real estate, beginning of period | $10,911 | $27,663 | $19,983 |
Plus: new foreclosed real estate | 2,541 | 5,389 | 27,163 |
Less: proceeds from sale of foreclosed real estate | -2,973 | -13,524 | -13,397 |
Plus: gain on sale of foreclosed real estate | 142 | 729 | -41 |
Less: writedowns and losses charged to expense | -3,119 | -9,346 | -6,045 |
Foreclosed real estate, end of period | $7,502 | $10,911 | $27,663 |
Note_11_BankOwned_Life_Insuran1
Note 11 - Bank-Owned Life Insurance (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 |
Former Executive Management [Member] | Former Executive Management [Member] | ||
Note 11 - Bank-Owned Life Insurance (Details) [Line Items] | ' | ' | ' |
Number of Life Insurance Policies | 2 | ' | ' |
Life Insurance Premum | $5 | ' | ' |
Cash Surrender Value of Life Insurance | $10 | $1.60 | $1.60 |
Note_12_Deposits_Details
Note 12 - Deposits (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Note 12 - Deposits (Details) [Line Items] | ' | ' |
Deposit Liabilities Reclassified as Loans Receivable | $564,000 | $554,000 |
Interest-bearing Domestic Deposit, Brokered | 0 | 0 |
Time Deposits | 196,835,000 | ' |
Jumbo Time Deposit [Member] | Minimum [Member] | ' | ' |
Note 12 - Deposits (Details) [Line Items] | ' | ' |
Time Deposits | $100,000 | ' |
Note_12_Deposits_Details_Compo
Note 12 - Deposits (Details) - Composition of Deposits (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Composition of Deposits [Abstract] | ' | ' |
Transaction deposits | $494,289 | $483,844 |
Money market deposits | 136,476 | 129,708 |
Savings deposits | 79,760 | 70,646 |
Time deposits $100,000 and greater | 79,654 | 179,242 |
Time deposits less than $100,000 | 117,181 | 159,802 |
Total deposits | $907,360 | $1,023,242 |
Note_12_Deposits_Details_Matur
Note 12 - Deposits (Details) - Maturity Distribution of Time Deposit Accounts (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Maturity Distribution of Time Deposit Accounts [Abstract] | ' |
2014 | $140,297 |
2015 | 18,752 |
2016 | 15,592 |
2017 | 15,204 |
2018 | 6,935 |
Thereafter | 55 |
$196,835 |
Note_12_Deposits_Details_Jumbo
Note 12 - Deposits (Details) - Jumbo Time Deposit Accounts by Maturity (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Jumbo Time Deposit Accounts by Maturity [Abstract] | ' |
Three months or less | $23,921 |
Over three months through six months | 12,023 |
Over six months through twelve months | 14,053 |
Twelve months or less | 49,997 |
Over twelve months | 29,657 |
Total jumbo time deposits | $79,654 |
Note_12_Deposits_Details_Inter
Note 12 - Deposits (Details) - Interest Expense on Deposits (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Interest Expense on Deposits [Abstract] | ' | ' | ' |
Transaction deposits | $39 | $39 | $109 |
Money market deposits | 32 | 47 | 198 |
Savings deposits | 10 | 9 | 32 |
Time deposits | 2,176 | 5,041 | 8,995 |
Total interest expense on deposits | $2,257 | $5,136 | $9,334 |
Note_13_Borrowings_Details
Note 13 - Borrowings (Details) (USD $) | 12 Months Ended | ||||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Aug. 31, 2013 | Dec. 31, 2012 | Jan. 31, 2014 |
Subsequent Event [Member] | |||||
Note 13 - Borrowings (Details) [Line Items] | ' | ' | ' | ' | ' |
Federal Home Loan Bank Advances General Debt Obligations Disclosures Percentage Of Maximum Amount Available | ' | 25.00% | 15.00% | ' | ' |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Weighted Average Interest Rate | 0.17% | ' | ' | ' | 0.23% |
Federal Reserve Advances General Debt Obligations Disclosures Loans And Securities Pledged (in Dollars) | $2.20 | ' | ' | $4.10 | ' |
Loans and Investment Securities Available as Lendable Collateral (in Dollars) | 2.1 | ' | ' | 3.9 | ' |
Number Of Secured Line Of Credit Facility | ' | ' | ' | 3 | ' |
Number Of Unsecured Line Of Credit Facility | ' | ' | ' | 1 | ' |
Number Of Banks | ' | ' | ' | 3 | ' |
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars) | 60 | ' | ' | 50 | ' |
Additional Line of Credit Acquired (in Dollars) | $10 | ' | ' | ' | ' |
Note_13_Borrowings_Details_Bor
Note 13 - Borrowings (Details) - Borrowings (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Retail Repurchase Agreements [Member] | ' | ' | ' |
Short-term Debt [Line Items] | ' | ' | ' |
Amount outstanding at year-end | $18,175 | $15,357 | $23,858 |
Average amount outstanding during year | 18,916 | 20,485 | 24,403 |
Maximum amount outstanding at any month-end | 24,640 | 27,985 | 24,798 |
Rate paid at year-end | 0.01% | 0.01% | 0.01% |
Weighted average rate paid during the year | 0.01% | 0.01% | 0.08% |
Federal Home Loan Bank Advances [Member] | ' | ' | ' |
Short-term Debt [Line Items] | ' | ' | ' |
Amount outstanding at year-end | 35,000 | ' | ' |
Average amount outstanding during year | 425 | 1 | 2,027 |
Maximum amount outstanding at any month-end | 35,000 | ' | 5,000 |
Rate paid at year-end | 0.17% | ' | ' |
Weighted average rate paid during the year | 0.24% | ' | 3.55% |
Other Short-term Borrowings [Member] | ' | ' | ' |
Short-term Debt [Line Items] | ' | ' | ' |
Average amount outstanding during year | $159 | $30 | $11 |
Note_13_Borrowings_Details_FHL
Note 13 - Borrowings (Details) - FHLB Borrowed Funds Utilization and Availability (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' |
Available lendable investment security collateral value pledged to serve against FHLB borrowings | $90,225 | $79,922 |
FHLB advances | 35,000 | ' |
Excess lendable collateral value pledged to serve against FHLB advances | 55,225 | 79,922 |
Loans [Member] | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' |
Available lendable investment security collateral value pledged to serve against FHLB borrowings | 90,225 | 79,922 |
Investment Security [Member] | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' |
Available lendable investment security collateral value pledged to serve against FHLB borrowings | $0 | ' |
Note_14_Shareholders_Equity_De
Note 14 - Shareholders' Equity (Details) | Dec. 31, 2013 | Dec. 31, 2012 | Feb. 21, 2014 |
Subsequent Event [Member] | |||
Note 14 - Shareholders' Equity (Details) [Line Items] | ' | ' | ' |
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 | ' |
Common Stock, Shares, Outstanding | 12,784,605 | 12,754,045 | ' |
Common Stock, Capital Shares Reserved for Future Issuance | ' | ' | 583,155 |
Preferred Stock, Shares Authorized | 2,500,000 | 2,500,000 | ' |
Preferred Stock, Shares Issued | 0 | 0 | ' |
Note_14_Shareholders_Equity_De1
Note 14 - Shareholders' Equity (Details) - Changes in Accumulated Other Comprehensive Loss by Component (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Changes in Accumulated Other Comprehensive Loss by Component [Abstract] | ' | ' | ' |
Net unrealized gain (loss) on investment securities available for sale | ($2,990) | $1,491 | $6,678 |
Net unrealized defined benefit pension plan actuarial loss | -7,303 | -8,208 | -9,048 |
Total accumulated other comprehensive income (loss), net of tax | ($10,293) | ($6,717) | ($2,370) |
Note_15_Income_Taxes_Details
Note 15 - Income Taxes (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 15 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Income Tax Expense (Benefit) | ' | ' | ' | ' | ' | ' | ' | ' | ($19,834,000) | $2,721,000 | ($2,663,000) |
Valuation Allowance, Deferred Tax Asset, Change in Amount | ' | ' | ' | ' | ' | ' | ' | ' | -22,400,000 | ' | ' |
Deferred Tax Assets, Valuation Allowance | 0 | ' | ' | ' | 31,086,000 | ' | ' | ' | 0 | 31,086,000 | ' |
Operating Loss Carryforwards To Be Expired In Year One | ' | ' | ' | ' | ' | ' | ' | ' | 400,000 | ' | ' |
Operating Loss Carryforwards To Be Expired In Year Two | ' | ' | ' | ' | ' | ' | ' | ' | 6,500,000 | ' | ' |
Operating Loss Carryforwards To Be Expired In Year Three | ' | ' | ' | ' | ' | ' | ' | ' | 10,300,000 | ' | ' |
Operating Loss Carryforwards To Be Expired In Year Four | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' |
Income Tax Expense (Benefit) | -224,000 | -19,386,000 | 382,000 | 813,000 | -871,000 | -436,000 | 3,511,000 | 517,000 | -18,415,000 | 2,721,000 | -2,664,000 |
Deferred Tax Assets, Net of Valuation Allowance | 26,299,000 | ' | ' | ' | 6,025,000 | ' | ' | ' | 26,299,000 | 6,025,000 | ' |
Deferred Tax Assets, Write-off | ' | ' | ' | ' | ' | ' | ' | ' | 8,700,000 | ' | ' |
Estimated Future Utilization Of Built In Losses | 53,000,000 | ' | ' | ' | ' | ' | ' | ' | 53,000,000 | ' | ' |
Estimated Future Utilization Of Built In Losses Per Year | 1,100,000 | ' | ' | ' | ' | ' | ' | ' | 1,100,000 | ' | ' |
Related to Reversal of Valuation Allowance on Deferred Tax Assets [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note 15 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Tax Expense (Benefit) | ' | ' | ' | ' | ' | ' | ' | ' | -22,400,000 | ' | ' |
Domestic Tax Authority [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note 15 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Loss Carryforwards | 17,300,000 | ' | ' | ' | ' | ' | ' | ' | 17,300,000 | ' | ' |
Deferred Tax Assets, Net of Valuation Allowance | 22,100,000 | ' | ' | ' | ' | ' | ' | ' | 22,100,000 | ' | ' |
Operating Loss Carryforward [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note 15 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Tax Expense (Benefit) | ' | ' | ' | ' | ' | ' | ' | ' | -7,400,000 | ' | ' |
Operating Loss Carryforward Expiring 2030 [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note 15 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Tax Expense (Benefit) | ' | ' | ' | ' | ' | ' | ' | ' | -4,400,000 | ' | ' |
Operating Loss Carryforward Expiring 2031 [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note 15 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Tax Expense (Benefit) | ' | ' | ' | ' | ' | ' | ' | ' | ($3,000,000) | ' | ' |
Note_15_Income_Taxes_Details_I
Note 15 - Income Taxes (Details) - Income Tax Expense (Benefit) Attributable to Continuing Operations (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Current income tax expense (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Federal | ' | ' | ' | ' | ' | ' | ' | ' | $181 | ' | ($1) |
State | ' | ' | ' | ' | ' | ' | ' | ' | 1,238 | ' | ' |
Total current expense (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | 1,419 | ' | -1 |
Deferred income tax expense (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Federal | ' | ' | ' | ' | ' | ' | ' | ' | -19,798 | 2,721 | -2,663 |
State | ' | ' | ' | ' | ' | ' | ' | ' | -36 | ' | ' |
Total deferred expense (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | -19,834 | 2,721 | -2,663 |
Total current and deferred expense (benefit) | ($224) | ($19,386) | $382 | $813 | ($871) | ($436) | $3,511 | $517 | ($18,415) | $2,721 | ($2,664) |
Note_15_Income_Taxes_Details_S
Note 15 - Income Taxes (Details) - Statutory Federal Income Tax Rate to Effective Income Tax Rate | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Statutory Federal Income Tax Rate to Effective Income Tax Rate [Abstract] | ' | ' | ' |
U.S. statutory federal income tax rate | 35.00% | 35.00% | 35.00% |
Changes from statutory rates resulting from: | ' | ' | ' |
State income tax, net of federal benefit | 8.60% | ' | ' |
Tax-exempt income | -1.50% | -74.10% | 4.50% |
Expenses not deductible for tax purposes | 0.30% | 2.60% | -0.20% |
(Decrease) increase in deferred tax asset valuation allowance | -240.00% | 352.20% | -29.00% |
Other | 0.10% | 1.90% | -0.10% |
Effective income tax rate | -197.50% | 317.60% | 10.20% |
Note_15_Income_Taxes_Details_G
Note 15 - Income Taxes (Details) - Gross Deferred Tax Assets, Related Valuation Allowance, and Gross Deferred Tax Liabilities (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Deferred tax assets | ' | ' |
Allowance for loan losses | $5,770,000 | $6,239,000 |
Nonaccrual loan interest | 202,000 | 239,000 |
Writedowns of foreclosed real estate | 2,369,000 | 2,062,000 |
Pension Plan contributions and accrued liability | 463,000 | 1,389,000 |
Recognized built-in loss carryforward | 7,689,000 | 16,236,000 |
Alternative minimum tax credit carryforward | 493,000 | 475,000 |
Federal net operating loss carryforward | 6,072,000 | 8,379,000 |
Unrealized losses on investment securities available for sale | 1,829,000 | ' |
Equity-based compensation | 1,047,000 | 710,000 |
Other | 365,000 | 1,382,000 |
Deferred tax assets, gross | 26,299,000 | 37,111,000 |
Valuation allowance | 0 | -31,086,000 |
Deferred tax assets, net of valuation allowance | 26,299,000 | 6,025,000 |
Deferred tax liabilities | ' | ' |
Premises, equipment and capital leases | -1,380,000 | -1,565,000 |
Deferred loan fees and costs, net | -1,592,000 | -1,532,000 |
Unrealized gains on investment securities available for sale | ' | -912,000 |
Servicing rights | -874,000 | -905,000 |
Other | -366,000 | -401,000 |
Deferred tax liabilities, gross | -4,212,000 | -5,315,000 |
Deferred tax asset, net | $22,087,000 | $710,000 |
Note_16_Benefit_Plans_Details
Note 16 - Benefit Plans (Details) (USD $) | 6 Months Ended | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2007 | |
Compensation and Retirement Disclosure [Abstract] | ' | ' | ' | ' |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Amount | $0.10 | ' | $0.60 | ' |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 6.00% | ' | 6.00% | ' |
Defined Contribution Plan, Employer Discretionary Contribution Amount | ' | 28,000 | 392,000 | ' |
Criteria For Defined Benefit Pension Plan | ' | ' | ' | '12 months |
Attainable Age For Continuous Servicing In Defined Pension Plan | ' | ' | ' | '21 years |
Defined Benefit Plan Assumptions Calculating Benefit Obligation Discount Rate | ' | 50.00% | ' | ' |
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year | ' | $507,000 | ' | ' |
Note_16_Benefit_Plans_Details_
Note 16 - Benefit Plans (Details) - Combined Change in Benefit Obligation Defined Benefit Pension Plan Assets and Funded Status (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Interest cost | $848 | $958 | $1,002 |
Fair value of Pension Plan assets, beginning of period | 14,540 | ' | ' |
Fair value of Pension Plan assets, end of period | 16,798 | 14,540 | ' |
Underfunded status | -1,324 | -3,967 | -6,123 |
Net actuarial loss | -11,235 | -12,627 | -13,919 |
Income tax benefit | -3,932 | -4,419 | -4,871 |
Accumulated other comprehensive loss impact | -7,303 | -8,208 | -9,048 |
Change In Benefit Obligation [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Benefit obligation, beginning of period | 18,507 | 19,786 | 19,082 |
Benefit obligation, end of period | 18,122 | 18,507 | 19,786 |
Interest cost | 848 | 958 | 1,002 |
Net actuarial loss | 80 | 668 | 904 |
Benefits paid | -1,313 | -2,905 | -1,202 |
Change In Plan Assets [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Benefits paid | -1,313 | -2,905 | -1,202 |
Fair value of Pension Plan assets, beginning of period | 14,540 | 13,663 | 13,868 |
Fair value of Pension Plan assets, end of period | 16,798 | 14,540 | 13,663 |
Return on Pension Plan assets | 1,678 | 2,182 | -575 |
Employer contribution | $1,893 | $1,600 | $1,572 |
Note_16_Benefit_Plans_Details_1
Note 16 - Benefit Plans (Details) - Employee Benefit Plans (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Employee Benefit Plans [Abstract] | ' | ' | ' |
Interest cost | $848 | $958 | $1,002 |
Expected return on plan assets | -1,186 | -1,133 | -1,162 |
Amortization of net actuarial loss | 980 | 911 | 788 |
Net periodic pension expense | $642 | $736 | $628 |
Note_16_Benefit_Plans_Details_2
Note 16 - Benefit Plans (Details) - Assumptions Used in Computing Benefit Obligation and Adjusted Net Periodic Expense (Income) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Assumptions used in computing benefit obligation: | ' | ' | ' |
Discount rate | 5.04% | 4.19% | 5.02% |
Rate of increase in compensation levels | ' | ' | ' |
Assumptions used in computing net periodic benefit expense: | ' | ' | ' |
Discount rate | 4.19% | 5.02% | 5.35% |
Expected long-term rate of return on Pension Plan assets | 8.00% | 8.00% | 8.00% |
Rate of compensation increase | ' | ' | ' |
Note_16_Benefit_Plans_Details_3
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Total assets | $16,798 | $14,540 |
Cash and Cash Equivalents [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Total assets | 4,440 | 1,498 |
US Government Agencies Debt Securities [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Total assets | 549 | 1,262 |
State and Municipal [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Total assets | 470 | 799 |
Corporate Debt Securities [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Total assets | 3,398 | 3,146 |
Mutual Funds [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Total assets | 3,596 | ' |
Corporate Stocks [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Total assets | 3,329 | 133 |
Exchange Traded Funds [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Total assets | 287 | ' |
Foreign Equities [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Total assets | 694 | ' |
Equity Funds [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Total assets | ' | 7,660 |
Accrued Interest Receivable [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Total assets | 30 | 42 |
Other Plan Assets [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Total assets | $5 | ' |
Note_16_Benefit_Plans_Details_4
Note 16 - Benefit Plans (Details) - Defined Benefit Pension Plan Assets Measured at Fair Value (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 16 - Benefit Plans (Details) - Defined Benefit Pension Plan Assets Measured at Fair Value [Line Items] | ' | ' |
Pension Plan assets | $16,798 | $14,540 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Defined Benefit Pension Plan Assets Measured at Fair Value [Line Items] | ' | ' |
Pension Plan assets | 7,804 | 1,673 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Defined Benefit Pension Plan Assets Measured at Fair Value [Line Items] | ' | ' |
Pension Plan assets | $8,994 | $12,867 |
Note_16_Benefit_Plans_Details_5
Note 16 - Benefit Plans (Details) - Benefits Expected to be Paid for Next Ten Years (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Benefits Expected to be Paid for Next Ten Years [Abstract] | ' |
2014 | $899 |
2015 | 925 |
2016 | 948 |
2017 | 1,010 |
2018 | 1,064 |
2019-2023 | $5,947 |
Note_17_Equity_Based_Compensat2
Note 17 - Equity Based Compensation (Details) (USD $) | 1 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | 36 Months Ended | 12 Months Ended | ||||||||||
Oct. 20, 2011 | Jun. 16, 2011 | 16-May-11 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2013 | |
Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | 1997 Plan [Member] | 1997 Plan [Member] | 2008 Restricted Stock Plan [Member] | 2008 Restricted Stock Plan [Member] | 2008 Restricted Stock Plan [Member] | 2011 Stock Incentive Plan [Member] | ||||
Other Than Management Members of Board of Directors [Member] | Director [Member] | Team Member [Member] | 2008 Restricted Stock Plan [Member] | 2011 Stock Incentive Plan [Member] | 2011 Stock Incentive Plan [Member] | |||||||||||
2008 Restricted Stock Plan [Member] | 2008 Restricted Stock Plan [Member] | 2011 Stock Incentive Plan [Member] | Team Member [Member] | |||||||||||||
Note 17 - Equity Based Compensation (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | '5 years | '5 years | '5 years | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | '5 years | '3 years | ' |
Share Based Compensation Arrangement By Share Based Payment Award Exercise Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 | ' | ' | ' | ' | ' |
Percentage Of Fair Value Used For Exercise Price Options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 | $0 | ' | ' | ' | ' |
Common Stock, Capital Shares Reserved for Future Issuance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 62,500 | ' | 62,500 | ' |
Economic Value Of Matching Grants (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,000 | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted | ' | ' | ' | ' | 2,666 | 8,811 | ' | 8,020 | 106,582 | 8,407 | ' | ' | ' | ' | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted Value (in Dollars) | ' | ' | ' | 70,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number | ' | ' | ' | ' | ' | ' | 62,384 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value (in Dollars per share) | ' | ' | ' | ' | ' | ' | $23.83 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value (in Dollars) | ' | ' | ' | ' | ' | ' | 141,000 | ' | 33,000 | ' | ' | ' | ' | ' | ' | ' |
Share Based Payment Arrangement Number Of Options Approved To Be Granted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 700,000 |
Exercise Period Of Option After Grant Date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares | ' | ' | ' | ' | ' | ' | ' | ' | 11,250 | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | ' | ' | ' | ' | ' | ' | 13,743 | ' | 2,500 | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Weighted Average Grant Date Fair Value (in Dollars per share) | ' | ' | ' | ' | ' | ' | ' | ' | $11 | ' | ' | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $133,000 | ' | $133,000 | $1,000,000 |
Note_17_Equity_Based_Compensat3
Note 17 - Equity Based Compensation (Details) - Stock Option Activity for 1997 Plan (1997 Plan [Member], USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
1997 Plan [Member] | ' | ' | ' |
Note 17 - Equity Based Compensation (Details) - Stock Option Activity for 1997 Plan [Line Items] | ' | ' | ' |
Stock options outstanding | 11,953 | 18,703 | 30,003 |
Weighted average exercise price (in Dollars per share) | $92.89 | $93.65 | $91.72 |
Stock options outstanding, Forfeited | ' | -6,750 | -6,800 |
Weighted average exercise price, Forfeited (in Dollars per share) | ' | $94.98 | $107.43 |
Stock options outstanding, Expired | -5,503 | ' | -4,500 |
Weighted average exercise price, FExpired (in Dollars per share) | $80 | ' | $60 |
Stock options outstanding | 6,450 | 11,953 | 18,703 |
Weighted average exercise price (in Dollars per share) | $103.89 | $92.89 | $93.65 |
Note_17_Equity_Based_Compensat4
Note 17 - Equity Based Compensation (Details) - Information Regarding Stock Options Under Plan that are Outstanding and Exerciable (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Note 17 - Equity Based Compensation (Details) - Information Regarding Stock Options Under Plan that are Outstanding and Exerciable [Line Items] | ' |
Exercise price or range of exercise prices, maximum | $6,450 |
Number of stock options outstanding and exercisable (in Shares) | 1.49 |
Weighted-average remaining contractual life (years) | '103 years 324 days |
Range One [Member] | ' |
Note 17 - Equity Based Compensation (Details) - Information Regarding Stock Options Under Plan that are Outstanding and Exerciable [Line Items] | ' |
Exercise price or range of exercise prices, minimum | $93.20 |
Exercise price or range of exercise prices, maximum | $2,500 |
Number of stock options outstanding and exercisable (in Shares) | 0.15 |
Weighted-average remaining contractual life (years) | '94 years 189 days |
Range Two [Member] | ' |
Note 17 - Equity Based Compensation (Details) - Information Regarding Stock Options Under Plan that are Outstanding and Exerciable [Line Items] | ' |
Exercise price or range of exercise prices, minimum | $109.20 |
Exercise price or range of exercise prices, maximum | $3,950 |
Number of stock options outstanding and exercisable (in Shares) | 2.34 |
Weighted-average remaining contractual life (years) | '109 years 302 days |
Note_17_Equity_Based_Compensat5
Note 17 - Equity Based Compensation (Details) - Vesting Provisions of Restricted Stock Granted to Teammates and Directors | 1 Months Ended | 0 Months Ended | 12 Months Ended | |
Oct. 20, 2011 | Jun. 16, 2011 | 16-May-11 | Dec. 31, 2013 | |
Team Member [Member] | ||||
Note 17 - Equity Based Compensation (Details) - Vesting Provisions of Restricted Stock Granted to Teammates and Directors [Line Items] | ' | ' | ' | ' |
Options issued | '5 years | '5 years | '5 years | '5 years |
Note_17_Equity_Based_Compensat6
Note 17 - Equity Based Compensation (Details) - Restricted Stock Activity (Restricted Stock [Member], USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Restricted Stock [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Shares of restricted stock, Grants | 11,073 | 19,967 | 17,033 |
Weighted-average grant date fair value per share, Grants (in Dollars per share) | $9.68 | $5.51 | $10.40 |
Shares of restricted stock, Forfeitures | ' | -350 | -525 |
Weighted-average grant date fair value per share, Forfeitures (in Dollars per share) | ' | $168 | $168 |
Balance | 51,311 | 31,694 | 15,186 |
Weighted-average grant date fair value per share, Total grants, net of forfeitures (in Dollars per share) | $31.41 | $49.23 | $96.89 |
Remaining shares available for grant, December 31, 2013 | 116 | ' | ' |
Balance | 62,384 | 51,311 | 31,694 |
Weighted-average grant date fair value per share, Total grants, net of forfeitures (in Dollars per share) | $27.55 | $31.41 | $49.23 |
Note_17_Equity_Based_Compensat7
Note 17 - Equity Based Compensation (Details) - Restricted Stock Vesting Status (Restricted Stock [Member]) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 17 - Equity Based Compensation (Details) - Restricted Stock Vesting Status [Line Items] | ' | ' | ' |
Balance | 51,311 | 31,694 | 15,186 |
2013 Grants | 11,073 | 19,967 | 17,033 |
Forfeited | ' | -350 | -525 |
Balance | 62,384 | 51,311 | 31,694 |
2008 Restricted Stock Plan [Member] | ' | ' | ' |
Note 17 - Equity Based Compensation (Details) - Restricted Stock Vesting Status [Line Items] | ' | ' | ' |
Balance | 13,915 | ' | ' |
2013 Grants | 11,073 | ' | ' |
2013 Vesting | -13,743 | ' | ' |
Balance | 11,245 | ' | ' |
Stock Incentive Plan [Member] | ' | ' | ' |
Note 17 - Equity Based Compensation (Details) - Restricted Stock Vesting Status [Line Items] | ' | ' | ' |
Balance | 97,771 | ' | ' |
2013 Grants | 8,811 | ' | ' |
Forfeited | -575 | ' | ' |
2013 Vesting | -2,500 | ' | ' |
Balance | 103,507 | ' | ' |
Note_17_Equity_Based_Compensat8
Note 17 - Equity Based Compensation (Details) - Stock Options and Restricted Stock Activity (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Restricted Stock [Member] | 2011 Stock Incentive Plan [Member] | ' | ' | ' | ' |
Note 17 - Equity Based Compensation (Details) - Stock Options and Restricted Stock Activity [Line Items] | ' | ' | ' | ' |
Shares of restricted stock | 8,811 | 8,020 | 89,751 | ' |
Weighted-average grant date fair value per share (in Dollars per share) | $13.70 | $6.50 | $10.48 | ' |
2013 Forfeitures | -575 | ' | ' | ' |
2013 Forfeitures (in Dollars per share) | $13.95 | ' | ' | ' |
Granted, net of forfeitures, December 31, 2013 | 106,007 | ' | ' | ' |
Granted, net of forfeitures, December 31, 2013 (in Dollars per share) | $10.43 | ' | ' | ' |
Restricted Stock [Member] | ' | ' | ' | ' |
Note 17 - Equity Based Compensation (Details) - Stock Options and Restricted Stock Activity [Line Items] | ' | ' | ' | ' |
Shares of restricted stock | 11,073 | 19,967 | 17,033 | ' |
Weighted-average grant date fair value per share (in Dollars per share) | $9.68 | $5.51 | $10.40 | ' |
2013 Forfeitures | ' | -350 | -525 | ' |
2013 Forfeitures (in Dollars per share) | ' | $168 | $168 | ' |
Granted, net of forfeitures, December 31, 2013 | 62,384 | 51,311 | 31,694 | 15,186 |
Granted, net of forfeitures, December 31, 2013 (in Dollars per share) | $27.55 | $31.41 | $49.23 | $96.89 |
Remaining shares available for grant, December 31, 2013 | 116 | ' | ' | ' |
2011 Stock Incentive Plan [Member] | ' | ' | ' | ' |
Note 17 - Equity Based Compensation (Details) - Stock Options and Restricted Stock Activity [Line Items] | ' | ' | ' | ' |
Grants | 8,811 | 8,020 | 473,002 | ' |
Stock options outstanding | ' | ' | 383,251 | ' |
Weighted-average exercise price (in Dollars per share) | ' | ' | $10.51 | ' |
2013 Forfeitures | -575 | ' | ' | ' |
2013 Exercises | -11,250 | ' | ' | ' |
2013 Exercises (in Dollars per share) | $11 | ' | ' | ' |
Granted, net of forfeitures, December 31, 2013 | 489,258 | ' | ' | ' |
Outstanding, December 31, 2013 | 372,001 | ' | ' | ' |
Outstanding, December 31, 2013 (in Dollars per share) | $10.50 | ' | ' | ' |
Shares available for grant | 700,000 | ' | ' | ' |
Remaining shares available for grant, December 31, 2013 | 210,742 | ' | ' | ' |
Note_17_Equity_Based_Compensat9
Note 17 - Equity Based Compensation (Details) - Stock Options Outstanding (2011 Stock Incentive Plan [Member], USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Number of stock options outstanding (in Shares) | 372,001 |
Weighted-average remaining contractual life | '7 years 146 days |
Weighted-average exercise price | $10.50 |
Value of outstanding in-the-money stock options (in Dollars) | $916,623 |
Range One [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise Price | $10.40 |
Number of stock options outstanding (in Shares) | 312,501 |
Weighted-average remaining contractual life | '7 years 138 days |
Weighted-average exercise price | $10.40 |
Value of outstanding in-the-money stock options (in Dollars) | 800,003 |
Range Two [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Exercise Price | $11 |
Number of stock options outstanding (in Shares) | 59,500 |
Weighted-average remaining contractual life | '7 years 197 days |
Weighted-average exercise price | $11 |
Value of outstanding in-the-money stock options (in Dollars) | $116,620 |
Recovered_Sheet1
Note 17 - Equity Based Compensation (Details) - Fair Value of Stock Option Award Granted (USD $) | 1 Months Ended | 0 Months Ended | |
Oct. 20, 2011 | Jun. 16, 2011 | 16-May-11 | |
Fair Value of Stock Option Award Granted [Abstract] | ' | ' | ' |
Option exercise price, per share (in Dollars per share) | $11 | $11 | $10.40 |
Fair value of stock option awards granted, per share (in Dollars per share) | $3.10 | $5.40 | $5.16 |
Expected dividend yield | 0.00% | 0.00% | 0.00% |
Expected volatility | 45.00% | 45.00% | 45.00% |
Risk-free interest rate | 1.45% | 2.22% | 2.51% |
Contractual term (years) | '10 years | '10 years | '10 years |
Expected term (years) | '7 years | '7 years | '7 years |
Vesting period (years) | '5 years | '5 years | '5 years |
Recovered_Sheet2
Note 17 - Equity Based Compensation (Details) - Compensation Expense Charged Against Pretax Loss Under Restricted Stock and Stock Options Award (Restricted Stock And Stock Options [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Compensation expense | ' | ' | ' |
Compensation expense | $1,158 | $1,109 | $822 |
Income tax benefit | 0 | 0 | ' |
1997 Plan [Member] | ' | ' | ' |
Compensation expense | ' | ' | ' |
Compensation expense | ' | ' | 1 |
2008 Plan [Member] | ' | ' | ' |
Compensation expense | ' | ' | ' |
Compensation expense | 336 | 343 | 360 |
2011 Stock Incentive Plan [Member] | ' | ' | ' |
Compensation expense | ' | ' | ' |
Compensation expense | $822 | $766 | $461 |
Note_18_Net_Income_Loss_Per_Co2
Note 18 - Net Income (Loss) Per Common Share (Details) | 1 Months Ended | 12 Months Ended | ||
Jun. 28, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | ' | 0 | 0 | 0 |
Stockholders' Equity, Reverse Stock Split | 'one-for-four | ' | ' | ' |
Note_18_Net_Income_Loss_Per_Co3
Note 18 - Net Income (Loss) Per Common Share (Details) - Reconciliation of Denominators of the Basic and Diluted Net Income Per Share (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Basic net income (loss) per common share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net Income | $1,823 | $22,233 | $1,499 | $2,176 | $2,710 | $3,162 | ($7,149) | ($587) | $27,731 | ($1,864) | ($23,400) | |||
Undistributed earnings allocated to participating securities | ' | ' | ' | ' | ' | ' | ' | ' | -248 | ' | ' | |||
Net income (loss) allocated to common shareholders | ' | ' | ' | ' | ' | ' | ' | ' | 27,483 | -1,864 | -23,400 | |||
Average common shares issued and outstanding (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | 12,658,752 | 12,639,379 | 12,555,247 | |||
Dilutive potential common shares (1) (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [1] | 0 | [1] | 0 | [1] |
Total diluted average common shares issued and outstanding (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | 12,658,752 | 12,639,379 | 12,555,247 | |||
Diluted net income (loss) per common share (in Dollars per share) | $0.14 | $1.74 | $0.12 | $0.17 | $0.21 | $0.25 | ($0.57) | ($0.05) | $2.17 | ($0.15) | ($1.86) | |||
Net income (loss) allocated to common shareholders | ' | ' | ' | ' | ' | ' | ' | ' | $27,483 | ($1,864) | ($23,400) | |||
Basic net income (loss) per common share (in Dollars per share) | $0.14 | $1.74 | $0.12 | $0.17 | $0.21 | $0.25 | ($0.57) | ($0.05) | $2.17 | ($0.15) | ($1.86) | |||
[1] | Includes dilutive impact of restricted stock and stock options, when applicable. |
Note_19_Commitments_Guarantees2
Note 19 - Commitments, Guarantees and Other Contingencies (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Mar. 31, 2013 | 1-May-13 | 1-May-13 |
Subscription Agreement [Member] | Subscription Agreement [Member] | Private Limited Partnership Interests [Member] | Small Business Administration Funding [Member] | |||
Plexus Fund III, L.P. [Member] | Plexus Fund III, L.P. [Member] | |||||
Note 19 - Commitments, Guarantees and Other Contingencies (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Maximum Potential Commitment Under Letters Of Credit | $3,700,000 | $3,600,000 | ' | ' | ' | ' |
Reserve For Unfunded Commitments | 259,000 | 367,000 | ' | ' | ' | ' |
Operating Leases, Future Minimum Payments Due | ' | 77,000 | ' | ' | ' | ' |
Guarantor Obligations, Maximum Exposure, Undiscounted | ' | ' | ' | 2,000,000 | ' | ' |
Commitments Raised | ' | ' | ' | ' | 150,000,000 | 150,000,000 |
Subscription Agreement Payment | ' | ' | 350,000 | ' | ' | ' |
Guarantor Obligations, Current Carrying Value | ' | ' | $1,700,000 | ' | ' | ' |
Note_19_Commitments_Guarantees3
Note 19 - Commitments, Guarantees and Other Contingencies (Details) - Contractual Amounts of the Company’s Unused Lending Commitments to Extend Credit (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Commitments to extend credit: | ' |
Contractual amounts of unused lending commitments | $165,037 |
Revolving Lines Secured By Single Family Residential Properties [Member] | ' |
Commitments to extend credit: | ' |
Contractual amounts of unused lending commitments | 59,183 |
Single Family Residential Construction Loan [Member] | ' |
Commitments to extend credit: | ' |
Contractual amounts of unused lending commitments | 11,186 |
Commercial Real Estate, Other Construction Loan, and Land Development Loan Commitments [Member] | ' |
Commitments to extend credit: | ' |
Contractual amounts of unused lending commitments | 20,317 |
Commercial And Industrial [Member] | ' |
Commitments to extend credit: | ' |
Contractual amounts of unused lending commitments | 37,461 |
Overdraft Protection Line [Member] | ' |
Commitments to extend credit: | ' |
Contractual amounts of unused lending commitments | 30,015 |
Other Loan [Member] | ' |
Commitments to extend credit: | ' |
Contractual amounts of unused lending commitments | $6,875 |
Note_19_Commitments_Guarantees4
Note 19 - Commitments, Guarantees and Other Contingencies (Details) - Contractual Obligations of Time Deposit Accounts (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Note 19 - Commitments, Guarantees and Other Contingencies (Details) - Contractual Obligations of Time Deposit Accounts [Line Items] | ' |
Less than one year | $142,224 |
Over one through three years | 37,894 |
Over three through five years | 25,566 |
Over five years | 8,841 |
Total | 214,525 |
Real Property Operating Lease Obligations [Member] | ' |
Note 19 - Commitments, Guarantees and Other Contingencies (Details) - Contractual Obligations of Time Deposit Accounts [Line Items] | ' |
Less than one year | 1,738 |
Over one through three years | 3,381 |
Over three through five years | 3,306 |
Over five years | 8,785 |
Total | 17,210 |
Time Deposit Accounts [Member] | ' |
Note 19 - Commitments, Guarantees and Other Contingencies (Details) - Contractual Obligations of Time Deposit Accounts [Line Items] | ' |
Less than one year | 140,297 |
Over one through three years | 34,344 |
Over three through five years | 22,139 |
Over five years | 55 |
Total | 196,835 |
Contractually Required Interest Payments On Time Deposits [Member] | ' |
Note 19 - Commitments, Guarantees and Other Contingencies (Details) - Contractual Obligations of Time Deposit Accounts [Line Items] | ' |
Less than one year | 189 |
Over one through three years | 169 |
Over three through five years | 121 |
Over five years | 1 |
Total | $480 |
Note_20_Derivative_Financial_I1
Note 20 - Derivative Financial Instruments and Hedging Activities (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Note 20 - Derivative Financial Instruments and Hedging Activities (Details) [Line Items] | ' | ' |
Derivative Asset | $204,000 | $370,000 |
Derivative Liability | 7,000 | 5,000 |
Loan Origination Commitments [Member] | Other Assets [Member] | ' | ' |
Note 20 - Derivative Financial Instruments and Hedging Activities (Details) [Line Items] | ' | ' |
Derivative Asset | 176,000 | 337,000 |
Loan Origination Commitments [Member] | Other Liabilities [Member] | ' | ' |
Note 20 - Derivative Financial Instruments and Hedging Activities (Details) [Line Items] | ' | ' |
Derivative Liability | 3,000 | ' |
Loan Origination Commitments [Member] | ' | ' |
Note 20 - Derivative Financial Instruments and Hedging Activities (Details) [Line Items] | ' | ' |
Commitments and Contingencies | 7,300,000 | 11,100,000 |
Derivative, Gain (Loss) on Derivative, Net | 164,000 | 28,000 |
Forward Sales Commitment [Member] | Other Assets [Member] | ' | ' |
Note 20 - Derivative Financial Instruments and Hedging Activities (Details) [Line Items] | ' | ' |
Commitments and Contingencies | 6,800,000 | ' |
Derivative Asset | 28,000 | 33,000 |
Forward Sales Commitment [Member] | Other Liabilities [Member] | ' | ' |
Note 20 - Derivative Financial Instruments and Hedging Activities (Details) [Line Items] | ' | ' |
Derivative Liability | 4,000 | 5,000 |
Forward Sales Commitment [Member] | ' | ' |
Note 20 - Derivative Financial Instruments and Hedging Activities (Details) [Line Items] | ' | ' |
Commitments and Contingencies | ' | 11,800,000 |
Derivative, Gain (Loss) on Derivative, Net | $4,000 | $63,000 |
Note_21_Fair_Value_Measurement2
Note 21 - Fair Value Measurements (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Fair Value Disclosures [Abstract] | ' | ' |
Liabilities, Fair Value Disclosure, Nonrecurring | $0 | $0 |
Note_21_Fair_Value_Measurement3
Note 21 - Fair Value Measurements (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Assets | ' | ' |
Trading account assets | $5,118,000 | $0 |
Investment securities available for sale | ' | ' |
Available for sale securities fair value | 214,383,000 | 264,502,000 |
Derivative financial instruments, assets | 204,000 | 370,000 |
Total assets measured at fair value on a recurring basis | 219,705,000 | 264,872,000 |
Liabilities | ' | ' |
Derivative financial instruments, liabilities | 7,000 | 5,000 |
State and Municipal [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Investment securities available for sale | ' | ' |
Available for sale securities fair value | 7,460,000 | 11,530,000 |
State and Municipal [Member] | ' | ' |
Investment securities available for sale | ' | ' |
Available for sale securities fair value | 7,460,000 | 11,530,000 |
Collateralized Mortgage Obligations (Federal Agencies) [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Investment securities available for sale | ' | ' |
Available for sale securities fair value | ' | 14,057,000 |
Collateralized Mortgage Obligations (Federal Agencies) [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Investment securities available for sale | ' | ' |
Available for sale securities fair value | 93,132,000 | 109,451,000 |
Collateralized Mortgage Obligations (Federal Agencies) [Member] | ' | ' |
Investment securities available for sale | ' | ' |
Available for sale securities fair value | 93,132,000 | 123,508,000 |
Other Mortgage-Backed (Federal Agencies) [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Investment securities available for sale | ' | ' |
Available for sale securities fair value | 1,188,000 | ' |
Other Mortgage-Backed (Federal Agencies) [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Investment securities available for sale | ' | ' |
Available for sale securities fair value | 74,832,000 | 63,817,000 |
Other Mortgage-Backed (Federal Agencies) [Member] | ' | ' |
Investment securities available for sale | ' | ' |
Available for sale securities fair value | 76,020,000 | 63,817,000 |
SBA Loan-Backed (Federal Agencies) [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Investment securities available for sale | ' | ' |
Available for sale securities fair value | 20,457,000 | 44,683,000 |
SBA Loan-Backed (Federal Agencies) [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Investment securities available for sale | ' | ' |
Available for sale securities fair value | 17,314,000 | 20,964,000 |
SBA Loan-Backed (Federal Agencies) [Member] | ' | ' |
Investment securities available for sale | ' | ' |
Available for sale securities fair value | 37,771,000 | 65,647,000 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets | ' | ' |
Trading account assets | 1,347,000 | ' |
Investment securities available for sale | ' | ' |
Total assets measured at fair value on a recurring basis | 22,992,000 | 58,740,000 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets | ' | ' |
Trading account assets | 3,771,000 | ' |
Investment securities available for sale | ' | ' |
Derivative financial instruments, assets | 204,000 | 370,000 |
Total assets measured at fair value on a recurring basis | 196,713,000 | 206,132,000 |
Liabilities | ' | ' |
Derivative financial instruments, liabilities | $7,000 | $5,000 |
Note_21_Fair_Value_Measurement4
Note 21 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Nonrecurring Basis (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Total assets measured at fair value on a nonrecurring basis | $219,705 | $264,872 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets | ' | ' |
Other loans held for sale | ' | 800 |
Foreclosed real estate and repossessed personal property | 34 | ' |
Total assets measured at fair value on a nonrecurring basis | 34 | 800 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets | ' | ' |
Mortgage loans held for sale | 1,722 | 6,114 |
Impaired loans in gross loans | 5,588 | 6,285 |
Foreclosed real estate and repossessed personal property | 31 | 817 |
Total assets measured at fair value on a nonrecurring basis | 7,341 | 13,216 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets | ' | ' |
Impaired loans in gross loans | 25 | 189 |
Foreclosed real estate and repossessed personal property | 6,595 | 9,163 |
Long-lived assets held for sale | 685 | 685 |
Total assets measured at fair value on a nonrecurring basis | 7,305 | 10,037 |
Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Assets | ' | ' |
Mortgage loans held for sale | 1,722 | 6,114 |
Other loans held for sale | ' | 800 |
Impaired loans in gross loans | 5,613 | 6,474 |
Foreclosed real estate and repossessed personal property | 6,660 | 9,980 |
Long-lived assets held for sale | 685 | 685 |
Total assets measured at fair value on a nonrecurring basis | 14,680 | 24,053 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets | ' | ' |
Total assets measured at fair value on a nonrecurring basis | 22,992 | 58,740 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets | ' | ' |
Total assets measured at fair value on a nonrecurring basis | $196,713 | $206,132 |
Note_21_Fair_Value_Measurement5
Note 21 - Fair Value Measurements (Details) - Significant Unobservable Inputs Used in Fair Value Measurements for Level 3 Assets Measured at Fair Value on a Nonrecurring Basis (Fair Value, Measurements, Nonrecurring [Member], USD $) | 12 Months Ended | ||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Impaired Loans in Gross Loans [Member] | Foreclosed Real Estate and Repossessed Personal Property [Member] | Long Lived Assets Held For Sale [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | |||||
Assets | ' | ' | ' | ' | ' | ' | ' |
Impaired loans (in Dollars) | $25 | ' | ' | $25 | $189 | $5,613 | $6,474 |
Impaired loans | 'Internal assessment of collateral value | 'Appraisals of collateral value | 'Internal valuation | ' | ' | ' | ' |
Impaired loans | 'Adjustments to estimated value based on recent sales of comparable collateral | 'Adjustments to appraisal for age of comparable sales | 'Appraisals and/or sales of comparable properties | ' | ' | ' | ' |
Foreclosed real estate and repossessed personal property (in Dollars) | ' | 6,595 | ' | 6,595 | 9,163 | 6,660 | 9,980 |
Foreclosed real estate and repossessed personal property | 'Internal assessment of collateral value | 'Appraisals of collateral value | 'Internal valuation | ' | ' | ' | ' |
Foreclosed real estate and repossessed personal property | 'Adjustments to estimated value based on recent sales of comparable collateral | 'Adjustments to appraisal for age of comparable sales | 'Appraisals and/or sales of comparable properties | ' | ' | ' | ' |
Long-lived assets held for sale (in Dollars) | ' | ' | $685 | $685 | $685 | $685 | $685 |
Long-lived assets held for sale | 'Internal assessment of collateral value | 'Appraisals of collateral value | 'Internal valuation | ' | ' | ' | ' |
Long-lived assets held for sale | 'Adjustments to estimated value based on recent sales of comparable collateral | 'Adjustments to appraisal for age of comparable sales | 'Appraisals and/or sales of comparable properties | ' | ' | ' | ' |
Note_21_Fair_Value_Measurement6
Note 21 - Fair Value Measurements (Details) - Carrying Amount and Fair Value for Other Financial Instruments (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Carrying Amount [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Loans | $748,243 | [1] | $716,977 | [1] |
Deposits | 907,360 | 1,023,242 | ||
Fair Value [Member] | ' | ' | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ||
Loans | 748,330 | [1] | 724,005 | [1] |
Deposits | $896,858 | $1,020,446 | ||
[1] | Includes gross loans less impaired loans for which fair value exceeds carrying value and allowance for loan losses relative to loans collectively evaluated for impairment. |
Note_22_Regulatory_Capital_Req2
Note 22 - Regulatory Capital Requirements and Dividend Restrictions (Details) - The Company’s and the Bank’s Actual and Required Capital Ratios (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Company [Member] | ' | ' |
Total capital to risk-weighted assets | ' | ' |
Total capital to risk-weighted assets, actual amount | $130,043 | $115,182 |
Total capital to risk-weighted assets, actual ratio | 15.49% | 14.42% |
Total capital to risk-weighted assets, for capital adequacy purposes amount | 67,142 | 63,892 |
Total capital to risk-weighted assets, for capital adequacy purposes ratio | 8.00% | 8.00% |
Total capital to risk-weighted assets, to be well capitalized under prompt corrective action provisions amount | ' | ' |
Tier 1 capital to risk-weighted assets | ' | ' |
Tier 1 capital to risk-weighted assets, actual amount | 119,475 | 105,098 |
Tier 1 capital to risk-weighted assets, actual ratio | 14.24% | 13.16% |
Tier 1 capital to risk-weighted assets, for capital adequacy purposes amount | 33,571 | 31,946 |
Tier 1 capital to risk-weighted assets, for capital adequacy purposes ratio | 4.00% | 4.00% |
Tier 1 capital to risk-weighted assets, to be well capitalized under prompt corrective action provisions amount | ' | ' |
Tier 1 leverage ratio | ' | ' |
Tier 1 leverage ratio, actual amount | 119,475 | 105,098 |
Tier 1 leverage ratio, actual ratio | 11.03% | 9.18% |
Tier 1 leverage ratio, for capital adequacy purposes amount | 43,309 | 45,771 |
Tier 1 leverage ratio, for capital adequacy purposes ratio | 4.00% | 4.00% |
Tier 1 leverage ratio, to be well capitalized under prompt corrective action provisions amount | ' | ' |
Palmetto Bank [Member] | ' | ' |
Total capital to risk-weighted assets | ' | ' |
Total capital to risk-weighted assets, actual amount | 129,956 | 115,077 |
Total capital to risk-weighted assets, actual ratio | 15.48% | 14.41% |
Total capital to risk-weighted assets, for capital adequacy purposes amount | 67,142 | 63,892 |
Total capital to risk-weighted assets, for capital adequacy purposes ratio | 8.00% | 8.00% |
Total capital to risk-weighted assets, to be well capitalized under prompt corrective action provisions amount | 83,928 | 79,865 |
Total capital to risk-weighted assets, to be well capitalized under prompt corrective action provisions ratio | 10.00% | 10.00% |
Tier 1 capital to risk-weighted assets | ' | ' |
Tier 1 capital to risk-weighted assets, actual amount | 119,388 | 104,993 |
Tier 1 capital to risk-weighted assets, actual ratio | 14.23% | 13.15% |
Tier 1 capital to risk-weighted assets, for capital adequacy purposes amount | 33,571 | 31,946 |
Tier 1 capital to risk-weighted assets, for capital adequacy purposes ratio | 4.00% | 4.00% |
Tier 1 capital to risk-weighted assets, to be well capitalized under prompt corrective action provisions amount | 50,357 | 47,919 |
Tier 1 capital to risk-weighted assets, to be well capitalized under prompt corrective action provisions ratio | 6.00% | 6.00% |
Tier 1 leverage ratio | ' | ' |
Tier 1 leverage ratio, actual amount | 119,388 | 104,993 |
Tier 1 leverage ratio, actual ratio | 11.03% | 9.18% |
Tier 1 leverage ratio, for capital adequacy purposes amount | 43,311 | 45,771 |
Tier 1 leverage ratio, for capital adequacy purposes ratio | 4.00% | 4.00% |
Tier 1 leverage ratio, to be well capitalized under prompt corrective action provisions amount | $54,138 | $57,213 |
Tier 1 leverage ratio, to be well capitalized under prompt corrective action provisions ratio | 5.00% | 5.00% |
Note_23_Holding_Company_Conden2
Note 23 - Holding Company Condensed Financial Information (Details) - Condensed Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Assets | ' | ' | ' | ' |
Cash and cash equivalents | $38,178 | $101,385 | $102,952 | $223,017 |
Deferred tax asset, net | 22,087 | 710 | ' | ' |
Total assets | 1,090,229 | 1,145,456 | ' | ' |
Liabilities and shareholders' equity | ' | ' | ' | ' |
Other liabilities | 5,829 | 8,027 | ' | ' |
Shareholders' equity | 123,817 | 98,380 | 103,482 | 113,899 |
Total liabilities and shareholders' equity | 1,090,229 | 1,145,456 | ' | ' |
Holding Company [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Cash and cash equivalents | 87 | 128 | ' | ' |
Deferred tax asset, net | 364 | ' | ' | ' |
Investment in subsidiary | 123,366 | 98,275 | ' | ' |
Total assets | 123,817 | 98,403 | ' | ' |
Liabilities and shareholders' equity | ' | ' | ' | ' |
Other liabilities | ' | 23 | ' | ' |
Shareholders' equity | 123,817 | 98,380 | ' | ' |
Total liabilities and shareholders' equity | $123,817 | $98,403 | ' | ' |
Note_23_Holding_Company_Conden3
Note 23 - Holding Company Condensed Financial Information (Details) - Condensed Statements of Income (Loss) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Condensed Income Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Benefit for income taxes | ($224) | ($19,386) | $382 | $813 | ($871) | ($436) | $3,511 | $517 | ($18,415) | $2,721 | ($2,664) |
Net income (loss) | 1,823 | 22,233 | 1,499 | 2,176 | 2,710 | 3,162 | -7,149 | -587 | 27,731 | -1,864 | -23,400 |
Holding Company [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Income Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity in undistributed income (loss) of subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | 27,509 | -1,738 | -23,154 |
Other operating expense | ' | ' | ' | ' | ' | ' | ' | ' | -142 | -126 | -246 |
Net income (loss) before benefit for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 27,367 | -1,864 | -23,400 |
Benefit for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -364 | ' | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | $27,731 | ($1,864) | ($23,400) |
Note_23_Holding_Company_Conden4
Note 23 - Holding Company Condensed Financial Information (Details) - Condensed Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Operating Activities | ' | ' | ' |
Net income (loss) | $27,731 | ($1,864) | ($23,400) |
Adjustments to reconcile net income (loss) to net cash used in operating activities | ' | ' | ' |
Decrease in other assets | 811 | 1,572 | -1,053 |
Decrease in other liabilities | -1,208 | -1,906 | -2,488 |
Net cash used in operating activities | 24,428 | 37,096 | 30,123 |
Investing Activities | ' | ' | ' |
Net cash used in investing activities | -9,695 | -30,300 | -16,684 |
Financing Activities | ' | ' | ' |
Proceeds from issuance of common stock, net | ' | ' | 7,951 |
Proceeds from exercise of stock options | 124 | ' | ' |
Net cash provided by financing activities | -77,940 | -8,363 | -133,504 |
Net change in cash and due from banks | -63,207 | -1,567 | -120,065 |
Holding Company [Member] | ' | ' | ' |
Operating Activities | ' | ' | ' |
Net income (loss) | 27,731 | -1,864 | -23,400 |
Adjustments to reconcile net income (loss) to net cash used in operating activities | ' | ' | ' |
Increase in equity in undistributed (income) loss of subsidiary | -27,509 | 1,738 | 23,154 |
Increase in deferred tax assets, net | -364 | ' | ' |
Decrease in other assets | ' | ' | 12 |
Decrease in other liabilities | -23 | -55 | -707 |
Net cash used in operating activities | -165 | -181 | -941 |
Investing Activities | ' | ' | ' |
Capital contribution in subsidiary | ' | -650 | -8,556 |
Net cash used in investing activities | ' | -650 | -8,556 |
Financing Activities | ' | ' | ' |
Proceeds from issuance of common stock, net | ' | ' | 7,951 |
Proceeds from exercise of stock options | 124 | ' | ' |
Net cash provided by financing activities | 124 | ' | 7,951 |
Net change in cash and due from banks | -41 | -831 | -1,546 |
Cash and due from banks, beginning of period | 128 | 959 | 2,505 |
Cash and due from banks, end of period | $87 | $128 | $959 |
Note_24_Related_Party_Transact1
Note 24 - Related Party Transactions (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Related Party Transactions [Abstract] | ' | ' |
Loans Payable To Related Parties | $1,800,000 | $1,800,000 |
Payments To Related Parties | $15,000 | ' |
Note_25_Quarterly_Financial_Da2
Note 25 - Quarterly Financial Data (Unaudited) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 25 - Quarterly Financial Data (Unaudited) (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Earnings Per Share, Basic | $0.14 | $1.74 | $0.12 | $0.17 | $0.21 | $0.25 | ($0.57) | ($0.05) | $2.17 | ($0.15) | ($1.86) |
Earnings Per Share, Diluted | $0.14 | $1.74 | $0.12 | $0.17 | $0.21 | $0.25 | ($0.57) | ($0.05) | $2.17 | ($0.15) | ($1.86) |
Restatement Adjustment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note 25 - Quarterly Financial Data (Unaudited) (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Earnings Per Share, Basic | ' | $0.02 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Earnings Per Share, Diluted | ' | $0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_25_Quarterly_Financial_Da3
Note 25 - Quarterly Financial Data (Unaudited) (Details) - Selected Quarterly Financial Data Regarding Results of Operations (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Selected Quarterly Financial Data Regarding Results of Operations [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest income | $10,423 | $10,523 | $10,728 | $10,864 | $10,867 | $11,076 | $11,422 | $12,025 | $42,538 | $45,390 | $51,818 |
Interest expense | 387 | 475 | 503 | 895 | 1,178 | 1,227 | 1,339 | 1,394 | 2,260 | 5,138 | 9,426 |
Net interest income | 10,036 | 10,048 | 10,225 | 9,969 | 9,689 | 9,849 | 10,083 | 10,631 | 40,278 | 40,252 | 42,392 |
Provision for loan losses | 1,800 | 645 | 670 | 350 | 1,325 | 600 | 8,450 | 2,700 | 3,465 | 13,075 | 20,500 |
Net interest income after provision for loan losses | 8,236 | 9,403 | 9,555 | 9,619 | 8,364 | 9,249 | 1,633 | 7,931 | 36,813 | 27,177 | 21,892 |
Investment securities gains (losses), net | 23 | -44 | 331 | ' | 635 | ' | 9,859 | ' | 310 | 10,494 | 157 |
Other noninterest income | 3,552 | 3,323 | 3,906 | 3,745 | 4,167 | 4,335 | 4,104 | 3,930 | 14,526 | 16,536 | ' |
Noninterest expense | 10,212 | 9,835 | 11,911 | 10,375 | 11,327 | 10,858 | 19,234 | 11,931 | 42,333 | 53,350 | 63,382 |
Net income before provision (benefit) for income taxes | 1,599 | 2,847 | 1,881 | 2,989 | 1,839 | 2,726 | -3,638 | -70 | 9,316 | 857 | -26,064 |
Provision (benefit) for income taxes | -224 | -19,386 | 382 | 813 | -871 | -436 | 3,511 | 517 | -18,415 | 2,721 | -2,664 |
Net income | $1,823 | $22,233 | $1,499 | $2,176 | $2,710 | $3,162 | ($7,149) | ($587) | $27,731 | ($1,864) | ($23,400) |
Common and per share data | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income - basic (in Dollars per share) | $0.14 | $1.74 | $0.12 | $0.17 | $0.21 | $0.25 | ($0.57) | ($0.05) | $2.17 | ($0.15) | ($1.86) |
Net income - diluted (in Dollars per share) | $0.14 | $1.74 | $0.12 | $0.17 | $0.21 | $0.25 | ($0.57) | ($0.05) | $2.17 | ($0.15) | ($1.86) |