Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2014 | Oct. 24, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'PALMETTO BANCSHARES INC | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 12,793,543 |
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 | 30-Sep-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Consolidated_Balance_Sheets_Cu
Consolidated Balance Sheets (Current Period Unaudited) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Cash and cash equivalents | ' | ' |
Cash and due from banks | $43,383 | $38,178 |
Total cash and cash equivalents | 43,383 | 38,178 |
Federal Home Loan Bank stock, at cost | 981 | 2,950 |
Trading account assets, at fair value | 5,458 | 5,118 |
Investment securities available for sale, at fair value | 214,582 | 214,383 |
Mortgage loans held for sale | 268 | 1,722 |
Loans, gross | 776,947 | 767,513 |
Less: allowance for loan losses | -15,366 | -16,485 |
Loans, net | 761,581 | 751,028 |
Premises and equipment, net | 22,233 | 23,367 |
Accrued interest receivable | 3,413 | 3,535 |
Foreclosed real estate | 6,595 | 7,502 |
Deferred tax asset, net | 18,109 | 22,087 |
Bank-owned life insurance | 11,845 | 11,617 |
Other assets | 8,727 | 8,742 |
Total assets | 1,097,175 | 1,090,229 |
Deposits | ' | ' |
Noninterest-bearing | 212,813 | 178,075 |
Interest-bearing | 723,476 | 729,285 |
Total deposits | 936,289 | 907,360 |
Retail repurchase agreements | 24,050 | 18,175 |
Federal Home Loan Bank advances | ' | 35,000 |
Other liabilities | 5,501 | 5,877 |
Total liabilities | 965,840 | 966,412 |
Preferred stock - par value $0.01 per share; authorized 2,500,000 shares; none issued and outstanding | ' | ' |
Common stock - par value $0.01 per share; authorized 75,000,000 shares; 12,793,543 and 12,784,605 issued and outstanding at September 30, 2014 and December 31, 2013, respectively | 128 | 127 |
Capital surplus | 145,214 | 144,624 |
Accumulated deficit | -5,244 | -10,641 |
Accumulated other comprehensive loss, net of tax | -8,763 | -10,293 |
Total shareholders' equity | 131,335 | 123,817 |
Total liabilities and shareholders' equity | $1,097,175 | $1,090,229 |
Consolidated_Balance_Sheets_Cu1
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
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 issued | 12,793,543 | 12,784,605 |
Common stock - shares outstanding | 12,793,543 | 12,784,605 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (Loss) (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Interest income | ' | ' | ' | ' |
Interest earned on cash and cash equivalents | $25 | $24 | $71 | $83 |
Dividends received on Federal Home Loan Bank stock | 15 | 8 | 54 | 29 |
Interest earned on trading account assets | 47 | 5 | 138 | 5 |
Interest earned on investment securities available for sale | 944 | 1,010 | 2,963 | 2,984 |
Interest and fees earned on loans | 8,840 | 9,476 | 26,641 | 29,014 |
Total interest income | 9,871 | 10,523 | 29,867 | 32,115 |
Interest expense | ' | ' | ' | ' |
Interest expense on deposits | 124 | 475 | 374 | 1,872 |
Interest expense on retail repurchase agreements | ' | ' | 1 | 1 |
Interest expense on Federal Home Loan Bank advances | 2 | ' | 25 | ' |
Total interest expense | 126 | 475 | 400 | 1,873 |
Net interest income | 9,745 | 10,048 | 29,467 | 30,242 |
Provision for loan losses | -500 | 645 | -500 | 1,665 |
Net interest income after provision for loan losses | 10,245 | 9,403 | 29,967 | 28,577 |
Noninterest income | ' | ' | ' | ' |
Service charges on deposit accounts, net | 1,929 | 1,862 | 5,184 | 5,019 |
Fees for trust, investment management and brokerage services | 179 | 214 | 502 | 1,888 |
Mortgage-banking | 275 | 375 | 1,252 | 1,510 |
Debit card and automatic teller machine income, net | 603 | 544 | 1,807 | 1,748 |
Bankcard services | 76 | 70 | 213 | 194 |
Investment securities losses, net | ' | -44 | 85 | 287 |
Trading account income, net | 98 | 36 | 444 | 36 |
Other | 248 | 222 | 777 | 579 |
Total noninterest income | 3,408 | 3,279 | 10,264 | 11,261 |
Noninterest expense | ' | ' | ' | ' |
Salaries and other personnel | 4,823 | 4,862 | 14,336 | 15,270 |
Occupancy | 1,086 | 1,074 | 3,229 | 3,188 |
Furniture and equipment | 952 | 930 | 2,996 | 2,748 |
Professional services | 705 | 491 | 2,153 | 1,474 |
Federal Deposit Insurance Corporation deposit insurance assessment | 351 | 355 | 1,063 | 1,083 |
Marketing | 290 | 267 | 767 | 747 |
Foreclosed real estate writedowns and expenses | 661 | 173 | 1,691 | 2,905 |
Gain on other loans held for sale | ' | ' | ' | -326 |
Loan workout | 135 | 410 | 385 | 862 |
Other | 1,479 | 1,273 | 4,035 | 4,170 |
Total noninterest expense | 10,482 | 9,835 | 30,655 | 32,121 |
Income before provision (benefit) for income taxes | 3,171 | 2,847 | 9,576 | 7,717 |
Provision (benefit) for income taxes | 1,189 | -19,386 | 3,539 | -18,191 |
Net income | $1,982 | $22,233 | $6,037 | $25,908 |
Common and per share data | ' | ' | ' | ' |
Net income - basic (in Dollars per share) | $0.15 | $1.74 | $0.47 | $2.03 |
Net income - diluted (in Dollars per share) | $0.15 | $1.74 | $0.47 | $2.03 |
Cash dividends declared (in Dollars per share) | $0.05 | ' | $0.05 | ' |
Book value (in Dollars per share) | $10.27 | $9.46 | $10.27 | $9.46 |
Average common shares issued and outstanding (in Shares) | 12,710,091 | 12,663,162 | 12,692,006 | 12,655,473 |
Average diluted common shares issued and outstanding (in Shares) | 12,771,634 | 12,674,743 | 12,741,976 | 12,655,473 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Net income | $1,982 | $22,233 | $6,037 | $25,908 |
Increase (decrease) in net unrealized gains | -688 | -1,228 | 2,381 | -7,316 |
Plus: reclassification adjustment of net gains (losses) included in net income | ' | -44 | 85 | 287 |
Increase (decrease) in net unrealized gains (losses) on investment securities available for sale | -688 | -1,272 | 2,466 | -7,029 |
Other comprehensive income (loss), pretax | -688 | -1,272 | 2,466 | -7,029 |
Provision (benefit) for income taxes related to items of other comprehensive income (loss) | 413 | -2,010 | 936 | -2,667 |
Other comprehensive income (loss), net of tax | -1,101 | 738 | 1,530 | -4,362 |
Comprehensive income | $881 | $22,971 | $7,567 | $21,546 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Shareholdersb Equity (Unaudited) (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, 2012 | $127 | $143,342 | ($38,372) | ($6,717) | $98,380 |
Balance (in Shares) at Dec. 31, 2012 | 12,754,045 | ' | ' | ' | ' |
Net income | ' | ' | 25,908 | ' | 25,908 |
Other comprehensive loss, net of tax | ' | ' | ' | -4,362 | -4,362 |
Exercise of stock options | ' | 124 | ' | ' | 124 |
Exercise of stock options (in Shares) | 11,250 | ' | ' | ' | ' |
Compensation expense related to stock options and restricted stock granted under equity award plans | ' | 896 | ' | ' | 896 |
Common stock issued related to restricted stock granted under equity award plans (in Shares) | 17,723 | ' | ' | ' | ' |
Other changes (in Shares) | 1 | ' | ' | ' | ' |
Balance at Sep. 30, 2013 | 127 | 144,362 | -12,464 | -11,079 | 120,946 |
Balance (in Shares) at Sep. 30, 2013 | 12,783,019 | ' | ' | ' | ' |
Balance at Dec. 31, 2013 | 127 | 144,624 | -10,641 | -10,293 | 123,817 |
Balance (in Shares) at Dec. 31, 2013 | 12,784,605 | ' | ' | ' | ' |
Net income | ' | ' | 6,037 | ' | 6,037 |
Other comprehensive loss, net of tax | ' | ' | ' | 1,530 | 1,530 |
Compensation expense related to stock options and restricted stock granted under equity award plans | 1 | 603 | ' | ' | 604 |
Common stock issued related to restricted stock granted under equity award plans | ' | -13 | ' | ' | -13 |
Common stock issued related to restricted stock granted under equity award plans (in Shares) | 8,938 | ' | ' | ' | ' |
Common dividends declared | ' | ' | -640 | ' | -640 |
Balance at Sep. 30, 2014 | $128 | $145,214 | ($5,244) | ($8,763) | $131,335 |
Balance (in Shares) at Sep. 30, 2014 | 12,793,543 | ' | ' | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Operating Activities | ' | ' |
Net income | $6,037 | $25,908 |
Adjustments to reconcile net income to net cash provided by operating activities | ' | ' |
Investment securities gains, net | -85 | -287 |
Amortization of unearned discounts / premiums on investment securities available for sale, net | 2,452 | 4,093 |
Trading account income, net | -444 | -36 |
Reduction in (purchases of) trading account assets, net | 104 | -4,991 |
Gain on sales of mortgage loans held for sale, net | -1,107 | -1,447 |
Originations of mortgage loans held for sale | -36,986 | -56,715 |
Proceeds from sales of mortgage loans held for sale | 39,547 | 62,411 |
Gain on sales of Small Business Administration loans | -70 | -207 |
Proceeds from sales of Small Business Administration loans | 1,236 | 2,222 |
Gain on other loans held for sale | ' | -326 |
Proceeds from sales of other loans held for sale | ' | 1,102 |
Provision for loan losses | -500 | 1,665 |
Depreciation | 1,769 | 1,919 |
Writedowns and losses on sales of foreclosed real estate, net | 1,436 | 2,693 |
Deferred income tax expense (benefit) | 3,267 | -19,529 |
Decrease in income tax refunds receivable | 138 | ' |
Increase in cash surrender value of bank-owned life insurance | -228 | ' |
Compensation expense on equity-based awards | 604 | 896 |
Writedowns on long-lived assets | 253 | ' |
Net periodic pension expense | 452 | 509 |
Contribution to defined benefit pension plan | -800 | -1,187 |
Provision for unfunded commitments | -121 | -144 |
Decrease (increase) in interest receivable and other assets, net | -379 | 110 |
Increase in interest payable and other liabilities, net | 93 | 1,844 |
Net cash provided by operating activities | 16,668 | 20,503 |
Investing Activities | ' | ' |
Purchases of Federal Home Loan Bank stock | -225 | ' |
Proceeds from redemption of Federal Home Loan Bank stock | 2,194 | 431 |
Proceeds from sales of investment securities available for sale | 14,956 | 42,768 |
Proceeds from maturities and repayments of investment securities available for sale | 15,240 | 45,773 |
Purchases of investment securities available for sale | -30,296 | -61,953 |
Purchase of mortgage loans held for investment | -13,974 | ' |
Decrease (increase) in gross loans, net | 1,470 | -25,404 |
Purchases of premises and equipment, net | -635 | -750 |
Proceeds from sales of foreclosed real estate | 756 | 2,363 |
Investment in SBIC limited partnership | -100 | -350 |
Net cash (used for) provided by investing activities | -10,614 | 2,878 |
Financing Activities | ' | ' |
Increase in transaction, money market and savings deposits, net | 50,379 | 23,700 |
Decrease in time deposits, net | -21,450 | -102,130 |
Increase in retail repurchase agreements, net | 5,875 | 9,283 |
Repayment of Federal Home Loan Bank advances | -35,000 | ' |
Proceeds from exercise of stock options | ' | 124 |
Dividends paid on common stock | -640 | ' |
Taxes paid related to net share settlement of equity awards | -13 | ' |
Net cash used for financing activities | -849 | -69,023 |
Net change in cash and due from banks | 5,205 | -45,642 |
Cash and due from banks, beginning of period | 38,178 | 101,385 |
Cash and due from banks, end of period | 43,383 | 55,743 |
Cash paid during the period for: | ' | ' |
Interest expense | 408 | 2,177 |
Income taxes | 1,258 | 272 |
Significant noncash activities | ' | ' |
Increase (decrease) in net unrealized gains on investment securities available for sale, net of tax | 1,530 | -4,362 |
Loans transferred from gross loans to other loans held for sale | 1,166 | 2,015 |
Loans transferred from gross loans to foreclosed real estate, at fair value | $1,285 | $2,073 |
Note_1_Summary_of_Significant_
Note 1 - Summary of Significant Accounting Policies | 9 Months Ended | |
Sep. 30, 2014 | ||
Accounting Policies [Abstract] | ' | |
Significant Accounting Policies [Text Block] | ' | |
1 | Summary of Significant Accounting Policies | |
Nature of Operations | ||
Palmetto Bancshares, Inc. (the “Company’) 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. The Bank, also headquartered in Greenville, South Carolina, is the second largest banking institution headquartered in South Carolina. The Bank serves the Upstate of South Carolina through 25 branch locations in nine counties along the economically attractive I-85 corridor, as well as 24/7/365 service through online and mobile banking and automatic teller machines. Through its Retail, Commercial and Wealth Management lines of business, the Bank specializes in providing financial solutions to consumers and small to mid-size businesses with deposit and cash management products, loans (including consumer, mortgage, credit card, automobile, Small Business Administration (“SBA”), commercial and corporate), lines of credit, trust, brokerage, private banking, financial planning and insurance. | ||
Principles of Consolidation / Basis of Presentation | ||
The accompanying Consolidated Financial Statements include the accounts of the Company, the Bank and subsidiaries of the Bank (collectively referred to herein 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. | ||
The Consolidated Financial Statements at and for the three and nine months ended September 30, 2014 and 2013 contained in this Quarterly Report on Form 10-Q have not been audited by our independent registered public accounting firm. The unaudited Consolidated Financial Statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q adopted by the Securities and Exchange Commission (the “SEC”). Accordingly, the Consolidated Financial Statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited Consolidated Financial Statements and notes thereto for the year ended December 31, 2013 included in our Annual Report on Form 10-K filed with the SEC on March 5, 2014 (the “2013 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 businesses for improved accountability and go-to-market strategies. However, the Company has limited disaggregated financial information for these businesses, and we do not yet have financial information that meets the criteria to be considered reportable segments. Accordingly, at September 30, 2014, the Company had one reportable business 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 three and nine months ended September 30, 2014 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 income, comprehensive income or shareholders’ equity as previously reported. | ||
Recently Adopted Authoritative Pronouncements | ||
In May 2013, the Committee of Sponsoring Organizations (“COSO”) of the Treadway Commission issued its updated Internal Control–Integrated Framework and related illustrative documents (the "2013 Framework"). The 2013 framework was written to reflect the changes in business since the first version was released in 1992. The Company transitioned from the 1992 framework to the 2013 framework during the first quarter 2014. | ||
In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 became effective for the Company on January 1, 2014 and did not have a material impact on the Company’s financial position, results of operations or cash flows. | ||
Recently Issued Authoritative Pronouncements | ||
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 (“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 Accounting Standards Codification (“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 2014-01 to have a material impact on its financial position, results of operations or cash flows. | ||
In January 2014, the FASB issued ASU 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Topic 310): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure (“ASU 2014-04”) to clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both the amount of foreclosed residential real estate property held by the creditor and the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. An entity can elect to adopt the amendments in ASU 2014-04 using either a modified retrospective transition method or a prospective transition method. The amendments are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The Company does not expect the adoption of ASU 2014-04 to have a material impact on its financial position, results of operations or cash flows. | ||
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606): Revenue from Contracts with Customers (“ASU 2014-09”). The scope of the guidance applies to revenue arising from contracts with customers, except for the following: lease contracts, insurance contracts, contractual rights and obligations within the scope of other guidance and nonmonetary exchanges between entities in the same line of business to facilitate sales to customers. The core principle of the new guidance is that an entity should recognize revenue to reflect the transfer of goods and services to customers in an amount equal to the consideration that the entity receives or expects to receive. ASU 2014-09 is not expected to impact the timing or approach to revenue recognition for financial institutions. The likely impact for financial institutions will relate only to disclosures. The amendments are effective for public entities for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Company does not expect the adoption of ASU 2014-09 to have a material impact on its financial position, results of operations or cash flows. | ||
In June 2014, the FASB issued ASU 2014-12, Compensation—Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (“ASU 2014-12”) which requires that a performance target that impacts vesting and that could be achieved after the requisite service period be treated as a performance condition thereby impacting, among other things, the grant-date fair value of the award and the timing of recognition of the related compensation cost. Entities may apply the amendments either prospectively to all awards granted or modified after the effective date or retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. If retrospective transition is adopted, the cumulative effect as of the beginning of the earliest annual period presented in the financial statements should be recognized as an adjustment to the opening retained earnings balance at that date. The amendments are effective for all entities for annual periods and interim periods within those annual periods beginning after December 15, 2015. Early adoption is permitted. The Company is evaluating the impact that the adoption of ASU 2014-12 may have on its financial position, results of operations and cash flows. | ||
In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”) which provides guidance on management’s responsibility in evaluating whether there is substantial doubt about an organization’s ability to continue as a going concern and about related footnote disclosures. The amendments are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company does not expect the adoption of ASU 2014-15 to 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 | 9 Months Ended | |
Sep. 30, 2014 | ||
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 September 30, 2014, after taking into consideration the Bank’s levels of vault cash, reserves of $5.3 million were maintained with the Federal Reserve. | ||
Concentrations and Restrictions | ||
From time to time, the Company may sell federal funds to, or place deposits with, other financial institutions. Federal funds and any deposits in excess of Federal Deposit Insurance Corporation (“FDIC”) insurance limits are essentially uncollateralized overnight loans. The Company regularly evaluates the risk associated with the potential counterparties to these 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 or place deposits in amounts in excess of FDIC insurance limits. At September 30, 2014, the Company had $3.1 million in a money market deposit account with another financial institution that is well-capitalized under the regulatory capital classification rules. | ||
Restricted cash and cash equivalents pledged as collateral relative to public funds and other agreements totaled $250 thousand and $706 thousand at September 30, 2014 and December 31, 2013, respectively. |
Note_3_Trading_Account_Assets
Note 3 - Trading Account Assets | 9 Months Ended | ||||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||||||
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 the dates indicated (in thousands). | |||||||||||||||||||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||||||
Municipal bonds | $ | 4,803 | $ | 3,771 | |||||||||||||||||||||||||||||||||
Insured bank deposits | 655 | 1,347 | |||||||||||||||||||||||||||||||||||
Total trading account assets | $ | 5,458 | $ | 5,118 | |||||||||||||||||||||||||||||||||
The following table summarizes net realized gains and the change in fair value relative to trading account assets included in the Consolidated Statements of Income for the three and nine months ended September 30, 2014 and 2013 (in thousands). | |||||||||||||||||||||||||||||||||||||
For the three months ended September 30, | For the nine months ended September 30, | ||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||||||
Realized gains, net | $ | 75 | $ | 13 | $ | 421 | $ | 13 | |||||||||||||||||||||||||||||
Unrealized gains, net due to changes in fair value relative to assets held at end of period | 23 | 23 | 23 | 23 | |||||||||||||||||||||||||||||||||
Total trading account income, net | $ | 98 | $ | 36 | $ | 444 | $ | 36 | |||||||||||||||||||||||||||||
The Company may withdraw trading account assets from the account subject to 30-days’ written notice. | |||||||||||||||||||||||||||||||||||||
Ratings | |||||||||||||||||||||||||||||||||||||
The following tables summarize Moody’s and Standard and Poor’s ratings of municipal bond trading account assets, based on fair value, at September 30, 2014. | |||||||||||||||||||||||||||||||||||||
Moody's Ratings | |||||||||||||||||||||||||||||||||||||
Aaa | 9 | % | |||||||||||||||||||||||||||||||||||
Aa1 - Aa3 | 44 | ||||||||||||||||||||||||||||||||||||
A1 - A3 | 26 | ||||||||||||||||||||||||||||||||||||
Not rated | 21 | ||||||||||||||||||||||||||||||||||||
Total | 100 | % | |||||||||||||||||||||||||||||||||||
Standard and | |||||||||||||||||||||||||||||||||||||
Poor's Ratings | |||||||||||||||||||||||||||||||||||||
AAA | 11 | % | |||||||||||||||||||||||||||||||||||
AA+ - AA- | 54 | ||||||||||||||||||||||||||||||||||||
A+ - A- | 24 | ||||||||||||||||||||||||||||||||||||
Not rated | 11 | % | |||||||||||||||||||||||||||||||||||
Total | 100 | ||||||||||||||||||||||||||||||||||||
One municipal bond trading account asset with a fair value of $56 thousand was not rated by either Moody’s or Standard and Poor’s at September 30, 2014 since it had been prerefunded. | |||||||||||||||||||||||||||||||||||||
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 loss and fair values of investment securities available for sale at the dates indicated (in thousands). | |||||||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||||||
Amortized cost | Gross | Gross | Fair value | ||||||||||||||||||||||||||||||||||
unrealized | unrealized | ||||||||||||||||||||||||||||||||||||
gains | losses | ||||||||||||||||||||||||||||||||||||
U.S. agency | $ | 1,923 | $ | 2 | $ | - | $ | 1,925 | |||||||||||||||||||||||||||||
State and municipal | 5,680 | 105 | (22 | ) | 5,763 | ||||||||||||||||||||||||||||||||
Collateralized mortgage obligations (federal agencies) | 93,217 | 9 | (2,416 | ) | 90,810 | ||||||||||||||||||||||||||||||||
Other mortgage-backed (federal agencies) | 79,856 | 320 | (442 | ) | 79,734 | ||||||||||||||||||||||||||||||||
SBA loan-backed (federal agency) | 36,260 | 205 | (115 | ) | 36,350 | ||||||||||||||||||||||||||||||||
Total investment securities available for sale | $ | 216,936 | $ | 641 | $ | (2,995 | ) | $ | 214,582 | ||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||||||
Amortized cost | Gross unrealized gains | Gross unrealized losses | Fair value | ||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
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). | |||||||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||||||
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 | $ | 575 | $ | 3 | 1 | $ | 1,056 | $ | 19 | 2 | $ | 1,631 | $ | 22 | ||||||||||||||||||||||
Collateralized mortgage obligations (federal agencies) | 7 | 21,907 | 318 | 11 | 62,896 | 2,098 | 18 | 84,803 | 2,416 | ||||||||||||||||||||||||||||
Other mortgage-backed (federal agencies) | 11 | 13,424 | 88 | 11 | 23,734 | 354 | 22 | 37,158 | 442 | ||||||||||||||||||||||||||||
SBA loan-backed (federal agency) | 2 | 2,212 | 11 | 6 | 15,872 | 104 | 8 | 18,084 | 115 | ||||||||||||||||||||||||||||
Total | 21 | $ | 38,118 | $ | 420 | 29 | $ | 103,558 | $ | 2,575 | 50 | $ | 141,676 | $ | 2,995 | ||||||||||||||||||||||
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 | ||||||||||||||||||||||
Other-Than-Temporary Impairment | |||||||||||||||||||||||||||||||||||||
Based on the Company’s other-than-temporary impairment analysis at September 30, 2014, 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 | |||||||||||||||||||||||||||||||||||||
Except for state and municipal securities, all of the Company’s available for sale securities are backed by United States (“U.S.”) agencies and are rated Aaa and AA+ by Moody’s and Standard and Poor’s rating services, respectively. The following table summarizes ratings of the Company’s state and municipal investment securities available for sale, based on fair value, at September 30, 2014. | |||||||||||||||||||||||||||||||||||||
Moody's Ratings | |||||||||||||||||||||||||||||||||||||
Aa1 - Aa3 | 65 | % | |||||||||||||||||||||||||||||||||||
A1 - A2 | 16 | ||||||||||||||||||||||||||||||||||||
Not rated | 19 | ||||||||||||||||||||||||||||||||||||
Total | 100 | % | |||||||||||||||||||||||||||||||||||
Standard and | |||||||||||||||||||||||||||||||||||||
Poor's Ratings | |||||||||||||||||||||||||||||||||||||
AA+ - AA- | 49 | % | |||||||||||||||||||||||||||||||||||
Not rated | 51 | ||||||||||||||||||||||||||||||||||||
Total | 100 | % | |||||||||||||||||||||||||||||||||||
All state and municipal securities were rated by either Moody’s or Standard and Poor’s at September 30, 2014. | |||||||||||||||||||||||||||||||||||||
Maturities | |||||||||||||||||||||||||||||||||||||
The following table summarizes the amortized cost and fair value of investment securities available for sale at September 30, 2014 by contractual maturity and estimated principal repayment distribution (in thousands). U.S. agency and 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 | $ | - | $ | - | |||||||||||||||||||||||||||||||||
Due after one year through five years | - | - | |||||||||||||||||||||||||||||||||||
Due after five years through ten years | 1,923 | 1,925 | |||||||||||||||||||||||||||||||||||
Due after ten years | - | - | |||||||||||||||||||||||||||||||||||
U.S. agency | 1,923 | 1,925 | |||||||||||||||||||||||||||||||||||
Due in one year or less | 2,545 | 2,582 | |||||||||||||||||||||||||||||||||||
Due after one year through five years | 2,060 | 2,125 | |||||||||||||||||||||||||||||||||||
Due after five years through ten years | 1,075 | 1,056 | |||||||||||||||||||||||||||||||||||
Due after ten years | - | - | |||||||||||||||||||||||||||||||||||
State and municipal | 5,680 | 5,763 | |||||||||||||||||||||||||||||||||||
Due in one year or less | 538 | 540 | |||||||||||||||||||||||||||||||||||
Due after one year through five years | 12,604 | 12,330 | |||||||||||||||||||||||||||||||||||
Due after five years through ten years | 80,075 | 77,940 | |||||||||||||||||||||||||||||||||||
Due after ten years | - | - | |||||||||||||||||||||||||||||||||||
Collateralized mortgage obligations (federal agencies) | 93,217 | 90,810 | |||||||||||||||||||||||||||||||||||
Due in one year or less | - | - | |||||||||||||||||||||||||||||||||||
Due after one year through five years | 40,872 | 40,933 | |||||||||||||||||||||||||||||||||||
Due after five years through ten years | 21,257 | 21,129 | |||||||||||||||||||||||||||||||||||
Due after ten years | 17,727 | 17,672 | |||||||||||||||||||||||||||||||||||
Other mortgage-backed (federal agencies) | 79,856 | 79,734 | |||||||||||||||||||||||||||||||||||
Due in one year or less | - | - | |||||||||||||||||||||||||||||||||||
Due after one year through five years | 18,606 | 18,574 | |||||||||||||||||||||||||||||||||||
Due after five years through ten years | 15,620 | 15,776 | |||||||||||||||||||||||||||||||||||
Due after ten years | 2,034 | 2,000 | |||||||||||||||||||||||||||||||||||
SBA loan-backed (federal agency) | 36,260 | 36,350 | |||||||||||||||||||||||||||||||||||
Due in one year or less | 3,083 | 3,122 | |||||||||||||||||||||||||||||||||||
Due after one year through five years | 74,142 | 73,962 | |||||||||||||||||||||||||||||||||||
Due after five years through ten years | 119,950 | 117,826 | |||||||||||||||||||||||||||||||||||
Due after ten years | 19,761 | 19,672 | |||||||||||||||||||||||||||||||||||
Total investment securities available for sale | $ | 216,936 | $ | 214,582 | |||||||||||||||||||||||||||||||||
Pledged | |||||||||||||||||||||||||||||||||||||
Investment securities were pledged as collateral for the following purposes at the dates indicated (in thousands). | |||||||||||||||||||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||||||
Municipal and other secured deposits | $ | 81,976 | $ | 75,718 | |||||||||||||||||||||||||||||||||
Retail repurchase agreements | 23,911 | 25,626 | |||||||||||||||||||||||||||||||||||
Federal Reserve line of credit | 1,347 | 1,459 | |||||||||||||||||||||||||||||||||||
Correspondent bank lines of credit | 16,940 | 16,788 | |||||||||||||||||||||||||||||||||||
Total investment securities available for sale pledged | $ | 124,174 | $ | 119,591 | |||||||||||||||||||||||||||||||||
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 three months ended September 30, | For the nine months ended September 30, | ||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||||||
Realized gains | $ | - | $ | 3 | $ | 125 | $ | 395 | |||||||||||||||||||||||||||||
Realized losses | - | (47 | ) | (40 | ) | (108 | ) | ||||||||||||||||||||||||||||||
Total investment securities gains (losses), net | $ | - | $ | (44 | ) | $ | 85 | $ | 287 | ||||||||||||||||||||||||||||
Note_5_Loans
Note 5 - Loans | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||||||
5 | Loans | ||||||||||||||||||||||||||||||||
In the tables below, loan classes are based on FDIC classification codes, 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. | |||||||||||||||||||||||||||||||||
Composition | |||||||||||||||||||||||||||||||||
The following table summarizes gross loans, categorized by portfolio segment, at the dates indicated (dollars in thousands). | |||||||||||||||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||
Total | % of total | Total | % of total | ||||||||||||||||||||||||||||||
Commercial real estate | $ | 446,248 | 57.4 | % | $ | 455,452 | 59.4 | % | |||||||||||||||||||||||||
Single-family residential | 193,874 | 25 | 178,125 | 23.2 | |||||||||||||||||||||||||||||
Commercial and industrial | 73,563 | 9.5 | 73,078 | 9.5 | |||||||||||||||||||||||||||||
Consumer | 53,071 | 6.8 | 50,099 | 6.5 | |||||||||||||||||||||||||||||
Other | 10,191 | 1.3 | 10,759 | 1.4 | |||||||||||||||||||||||||||||
Loans, gross | $ | 776,947 | 100 | % | $ | 767,513 | 100 | % | |||||||||||||||||||||||||
Residential mortgage loans serviced for the benefit of others totaled $385.0 million and $384.5 million at September 30, 2014 and December 31, 2013, 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 $626 thousand and $643 thousand at September 30, 2014 and December 31, 2013, respectively. | |||||||||||||||||||||||||||||||||
Pledged | |||||||||||||||||||||||||||||||||
The Bank, as a member of the Federal Home Loan Bank (“FHLB”) of Atlanta, must pledge collateral to borrow from the FHLB and cover the various Federal Reserve services that are available for use by the Bank. 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 September 30, 2014 and December 31, 2013, $160.4 million and $205.2 million of gross loans, respectively, were pledged to collateralize FHLB advances of which $74.1 million and $90.2 million, respectively, were available as lendable collateral. | |||||||||||||||||||||||||||||||||
At September 30, 2014 and December 31, 2013, loans totaling $344 thousand and $794 thousand, respectively, were pledged as collateral to cover the various Federal Reserve services that are available for use by the Bank of which $290 thousand and $651 thousand, respectively, were available as lendable collateral. | |||||||||||||||||||||||||||||||||
Concentrations | |||||||||||||||||||||||||||||||||
The following table summarizes loans secured by commercial real estate, categorized by class, at September 30, 2014 (dollars in thousands). | |||||||||||||||||||||||||||||||||
Total commercial | % of gross loans | % of Bank's | |||||||||||||||||||||||||||||||
real estate loans | total regulatory | ||||||||||||||||||||||||||||||||
capital | |||||||||||||||||||||||||||||||||
Secured by commercial real estate | |||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 48,745 | 6.3 | % | 34.8 | % | |||||||||||||||||||||||||||
Multifamily residential | 17,970 | 2.3 | 12.8 | ||||||||||||||||||||||||||||||
Nonfarm nonresidential | 379,533 | 48.8 | 270.8 | ||||||||||||||||||||||||||||||
Total loans secured by commercial real estate | $ | 446,248 | 57.4 | % | 318.4 | % | |||||||||||||||||||||||||||
The following table further categorizes loans secured by commercial real estate at September 30, 2014 (dollars in thousands). | |||||||||||||||||||||||||||||||||
Total commercial | % of gross loans | % of Bank's | |||||||||||||||||||||||||||||||
real estate loans | total regulatory | ||||||||||||||||||||||||||||||||
capital | |||||||||||||||||||||||||||||||||
Development commercial real estate loans | |||||||||||||||||||||||||||||||||
Secured by: | |||||||||||||||||||||||||||||||||
Land - unimproved (commercial or residential) | $ | 14,535 | 1.9 | % | 10.4 | % | |||||||||||||||||||||||||||
Land development - commercial | 6,002 | 0.8 | 4.3 | ||||||||||||||||||||||||||||||
Land development - residential | 7,815 | 1 | 5.6 | ||||||||||||||||||||||||||||||
Commercial construction: | |||||||||||||||||||||||||||||||||
Retail | 3,976 | 0.5 | 2.8 | ||||||||||||||||||||||||||||||
Multifamily | 130 | - | 0.1 | ||||||||||||||||||||||||||||||
Total development commercial real estate loans | 32,458 | 4.2 | 23.2 | ||||||||||||||||||||||||||||||
Existing and other commercial real estate loans | |||||||||||||||||||||||||||||||||
Secured by: | |||||||||||||||||||||||||||||||||
Hotel / motel | 52,413 | 6.7 | 37.4 | ||||||||||||||||||||||||||||||
Retail | 28,660 | 3.7 | 20.5 | ||||||||||||||||||||||||||||||
Office | 23,589 | 3 | 16.8 | ||||||||||||||||||||||||||||||
Multifamily | 17,970 | 2.3 | 12.8 | ||||||||||||||||||||||||||||||
Industrial and warehouse | 6,076 | 0.8 | 4.3 | ||||||||||||||||||||||||||||||
Healthcare | 13,372 | 1.7 | 9.5 | ||||||||||||||||||||||||||||||
Miscellaneous commercial | 103,928 | 13.4 | 74.2 | ||||||||||||||||||||||||||||||
Residential construction - speculative | 65 | - | 0.1 | ||||||||||||||||||||||||||||||
Total existing and other commercial real estate loans | 246,073 | 31.6 | 175.6 | ||||||||||||||||||||||||||||||
Commercial real estate owner-occupied and residential loans | |||||||||||||||||||||||||||||||||
Secured by: | |||||||||||||||||||||||||||||||||
Commercial - owner-occupied | 151,494 | 19.5 | 108.1 | ||||||||||||||||||||||||||||||
Commercial construction - owner-occupied | 6,866 | 0.9 | 4.9 | ||||||||||||||||||||||||||||||
Residential construction - contract | 9,357 | 1.2 | 6.6 | ||||||||||||||||||||||||||||||
Total commercial real estate owner-occupied and residential loans | 167,717 | 21.6 | 119.6 | ||||||||||||||||||||||||||||||
Total loans secured by commercial real estate | $ | 446,248 | 57.4 | % | 318.4 | % | |||||||||||||||||||||||||||
Asset Quality | |||||||||||||||||||||||||||||||||
The following table summarizes various internal credit-quality indicators of gross loans, by class, at September 30, 2014 (in thousands). | |||||||||||||||||||||||||||||||||
Construction, land development and other land loans | Multifamily residential | Nonfarm nonresidential | Total commercial real | ||||||||||||||||||||||||||||||
estate | |||||||||||||||||||||||||||||||||
Grade 1 | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||||||||
Grade 2 | - | - | - | - | |||||||||||||||||||||||||||||
Grade 3 | 2,747 | 8,950 | 76,742 | 88,439 | |||||||||||||||||||||||||||||
Grade 4 | 17,533 | 1,180 | 178,794 | 197,507 | |||||||||||||||||||||||||||||
Grade W | 9,991 | 7,815 | 79,065 | 96,871 | |||||||||||||||||||||||||||||
Grade 5 | 149 | - | 16,512 | 16,661 | |||||||||||||||||||||||||||||
Grade 6 | 1,938 | - | 26,866 | 28,804 | |||||||||||||||||||||||||||||
Grade 7 | 544 | - | 1,554 | 2,098 | |||||||||||||||||||||||||||||
Not risk rated* | 15,843 | 25 | - | 15,868 | |||||||||||||||||||||||||||||
Total | $ | 48,745 | $ | 17,970 | $ | 379,533 | $ | 446,248 | |||||||||||||||||||||||||
*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 | $ | 803 | |||||||||||||||||||||||||||||||
Grade 2 | 1,588 | ||||||||||||||||||||||||||||||||
Grade 3 | 11,883 | ||||||||||||||||||||||||||||||||
Grade 4 | 51,683 | ||||||||||||||||||||||||||||||||
Grade W | 4,063 | ||||||||||||||||||||||||||||||||
Grade 5 | 335 | ||||||||||||||||||||||||||||||||
Grade 6 | 2,751 | ||||||||||||||||||||||||||||||||
Grade 7 | 415 | ||||||||||||||||||||||||||||||||
Not risk rated | 42 | ||||||||||||||||||||||||||||||||
Total | $ | 73,563 | |||||||||||||||||||||||||||||||
Single-family | Single-family | Single-family | Total single-family | ||||||||||||||||||||||||||||||
residential revolving, | residential closed-end, | residential closed-end, | residential loans | ||||||||||||||||||||||||||||||
open-end loans | first lien | junior lien | |||||||||||||||||||||||||||||||
Performing | $ | 75,581 | $ | 112,492 | $ | 2,834 | $ | 190,907 | |||||||||||||||||||||||||
Nonperforming | 790 | 2,092 | 85 | 2,967 | |||||||||||||||||||||||||||||
Total | $ | 76,371 | $ | 114,584 | $ | 2,919 | $ | 193,874 | |||||||||||||||||||||||||
Indirect automobile | All other consumer | Total consumer | |||||||||||||||||||||||||||||||
Performing | $ | 42,147 | $ | 10,801 | $ | 52,948 | |||||||||||||||||||||||||||
Nonperforming | 104 | 19 | 123 | ||||||||||||||||||||||||||||||
Total | $ | 42,251 | $ | 10,820 | $ | 53,071 | |||||||||||||||||||||||||||
Other | |||||||||||||||||||||||||||||||||
Performing | $ | 10,191 | |||||||||||||||||||||||||||||||
Nonperforming | - | ||||||||||||||||||||||||||||||||
Total | $ | 10,191 | |||||||||||||||||||||||||||||||
The following table summarizes various internal credit-quality indicators of gross loans, by class, at December 31, 2013 (in thousands). | |||||||||||||||||||||||||||||||||
Construction, land | Multifamily residential | Nonfarm nonresidential | Total commercial real | ||||||||||||||||||||||||||||||
development and other | estate | ||||||||||||||||||||||||||||||||
land loans | |||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||
Indirect automobile | All other consumer | Total consumer | |||||||||||||||||||||||||||||||
Performing | $ | 38,514 | $ | 11,349 | $ | 49,863 | |||||||||||||||||||||||||||
Nonperforming | 210 | 26 | 236 | ||||||||||||||||||||||||||||||
Total | $ | 38,724 | $ | 11,375 | $ | 50,099 | |||||||||||||||||||||||||||
Other | |||||||||||||||||||||||||||||||||
Performing | $ | 10,759 | |||||||||||||||||||||||||||||||
Nonperforming | - | ||||||||||||||||||||||||||||||||
Total | $ | 10,759 | |||||||||||||||||||||||||||||||
The following table summarizes delinquencies, by class, at September 30, 2014 (in thousands). | |||||||||||||||||||||||||||||||||
30-89 days past due and still accruing | Greater than 90 days past due and still accruing | Greater than 90 days past due and not accruing (nonaccrual) | Total | Current | Loans, | ||||||||||||||||||||||||||||
past due | gross | ||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 89 | $ | - | $ | 1,205 | $ | 1,294 | $ | 47,451 | $ | 48,745 | |||||||||||||||||||||
Multifamily residential | - | - | - | - | 17,970 | 17,970 | |||||||||||||||||||||||||||
Nonfarm nonresidential | 1,421 | - | 9,194 | 10,615 | 368,918 | 379,533 | |||||||||||||||||||||||||||
Total commercial real estate | 1,510 | - | 10,399 | 11,909 | 434,339 | 446,248 | |||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | 454 | - | 790 | 1,244 | 75,127 | 76,371 | |||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 261 | 243 | 2,092 | 2,596 | 111,988 | 114,584 | |||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 21 | - | 85 | 106 | 2,813 | 2,919 | |||||||||||||||||||||||||||
Total single-family residential | 736 | 243 | 2,967 | 3,946 | 189,928 | 193,874 | |||||||||||||||||||||||||||
Commercial and industrial | 994 | - | 1,122 | 2,116 | 71,447 | 73,563 | |||||||||||||||||||||||||||
Indirect automobile | 176 | - | 104 | 280 | 41,971 | 42,251 | |||||||||||||||||||||||||||
All other consumer | 26 | - | 19 | 45 | 10,775 | 10,820 | |||||||||||||||||||||||||||
Total consumer | 202 | - | 123 | 325 | 52,746 | 53,071 | |||||||||||||||||||||||||||
Farmland | - | - | - | - | 3,689 | 3,689 | |||||||||||||||||||||||||||
Obligations of states and political subdivisions of the U.S. | - | - | - | - | 435 | 435 | |||||||||||||||||||||||||||
Other | - | - | - | - | 6,067 | 6,067 | |||||||||||||||||||||||||||
Total other | - | - | - | - | 10,191 | 10,191 | |||||||||||||||||||||||||||
Loans, gross | $ | 3,442 | $ | 243 | $ | 14,611 | $ | 18,296 | $ | 758,651 | $ | 776,947 | |||||||||||||||||||||
Additional interest income of $67 thousand and $408 thousand would have been reported during the three and nine months ended September 30, 2014, respectively, had loans classified as nonaccrual during the period performed in accordance with their current contractual terms. This interest income was not recorded in the Company’s Consolidated Statements of Income. | |||||||||||||||||||||||||||||||||
The following table summarizes delinquencies, by class, at December 31, 2013 (in thousands). | |||||||||||||||||||||||||||||||||
30-89 days past | Greater than 90 | Total past due | Current | Loans, gross | |||||||||||||||||||||||||||||
due and still | days past due and | ||||||||||||||||||||||||||||||||
accruing | not accruing | ||||||||||||||||||||||||||||||||
(nonaccrual) | |||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
Indirect automobile | 294 | 210 | 504 | 38,220 | 38,724 | ||||||||||||||||||||||||||||
All other consumer | 41 | 26 | 67 | 11,308 | 11,375 | ||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||
Troubled Debt Restructurings. The following table summarizes the carrying balance of troubled debt restructurings at the dates indicated (in thousands). | |||||||||||||||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||
Performing | $ | 16,065 | $ | 26,744 | |||||||||||||||||||||||||||||
Nonperforming | 5,283 | 2,184 | |||||||||||||||||||||||||||||||
Total troubled debt restructurings | $ | 21,348 | $ | 28,928 | |||||||||||||||||||||||||||||
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. The following table summarizes troubled debt restructurings removed from this classification during the periods indicated (dollars in thousands). | |||||||||||||||||||||||||||||||||
For the three months ended | For the nine months ended | ||||||||||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||
Carrying balance | $ | - | $ | - | $ | 7,499 | $ | 5,842 | |||||||||||||||||||||||||
Count | - | - | 4 | 8 | |||||||||||||||||||||||||||||
The following table summarizes, by class, loans that were modified resulting in troubled debt restructurings during the periods indicated (dollars in thousands). | |||||||||||||||||||||||||||||||||
For the three months ended September 30, | |||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
Nonfarm nonresidential | - | $ | - | $ | - | 1 | $ | 480 | $ | 480 | |||||||||||||||||||||||
Total commercial real estate | - | - | - | 1 | 480 | 480 | |||||||||||||||||||||||||||
Commercial and industrial | - | - | - | 1 | 241 | 241 | |||||||||||||||||||||||||||
Loans, gross | - | $ | - | $ | - | 2 | $ | 721 | $ | 721 | |||||||||||||||||||||||
For the nine months ended September 30, | |||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||
Nonfarm nonresidential | 1 | 883 | 883 | 3 | 3,099 | 3,099 | |||||||||||||||||||||||||||
Total commercial real estate | 1 | 883 | 883 | 4 | 3,159 | 3,159 | |||||||||||||||||||||||||||
Commercial and industrial | 3 | 2,665 | 1,365 | 1 | 241 | 241 | |||||||||||||||||||||||||||
Loans, gross | 4 | $ | 3,548 | $ | 2,248 | 5 | $ | 3,400 | $ | 3,400 | |||||||||||||||||||||||
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 three months ended September 30, | |||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
Term concession | - | $ | - | $ | - | 2 | $ | 721 | $ | 721 | |||||||||||||||||||||||
Loans, gross | - | $ | - | $ | - | 2 | $ | 721 | $ | 721 | |||||||||||||||||||||||
For the nine months ended September 30, | |||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||
Term concession | 1 | 883 | 883 | 4 | 3,340 | 3,340 | |||||||||||||||||||||||||||
Term and principal concessions | 3 | 2,665 | 1,365 | - | - | - | |||||||||||||||||||||||||||
Loans, gross | 4 | $ | 3,548 | $ | 2,248 | 5 | $ | 3,400 | $ | 3,400 | |||||||||||||||||||||||
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 three months ended September 30, | For the nine months ended September 30, | ||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||
Number of loans | Recorded investment | Number of loans | Recorded investment | Number of loans | Recorded investment | Number of loans | Recorded investment | ||||||||||||||||||||||||||
Construction, land development and other land loans | - | $ | - | - | $ | - | - | $ | - | 1 | $ | 56 | |||||||||||||||||||||
Nonfarm nonresidential | - | - | - | - | 2 | 2,597 | - | - | |||||||||||||||||||||||||
Total commercial real estate | - | - | - | - | 2 | 2,597 | 1 | 56 | |||||||||||||||||||||||||
Single-family real estate | - | - | 1 | 404 | - | - | 1 | 404 | |||||||||||||||||||||||||
Commercial and industrial | - | - | 1 | 127 | 1 | 236 | 1 | 127 | |||||||||||||||||||||||||
Loans, gross | - | $ | - | 2 | $ | 531 | 3 | $ | 2,833 | 3 | $ | 587 | |||||||||||||||||||||
Impaired Loans. The following tables summarize the composition of impaired loans at the dates indicated (in thousands). | |||||||||||||||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||
Performing troubled debt restructured loans | $ | 16,065 | $ | 26,744 | |||||||||||||||||||||||||||||
Nonperforming troubled debt restructured loans | 5,283 | 2,184 | |||||||||||||||||||||||||||||||
Nonperforming other loans | 4,244 | 6,580 | |||||||||||||||||||||||||||||||
Performing other loans | 14,888 | 9,187 | |||||||||||||||||||||||||||||||
Total impaired loans | $ | 40,480 | $ | 44,695 | |||||||||||||||||||||||||||||
The following table summarizes the composition of and information relative to impaired loans, by class, at September 30, 2014 (in thousands). | |||||||||||||||||||||||||||||||||
Loans, gross | |||||||||||||||||||||||||||||||||
Recorded | Unpaid | Related allowance | |||||||||||||||||||||||||||||||
investment | principal | ||||||||||||||||||||||||||||||||
balance | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 707 | $ | 1,236 | |||||||||||||||||||||||||||||
Multifamily residential | - | - | |||||||||||||||||||||||||||||||
Nonfarm nonresidential | 19,535 | 19,775 | |||||||||||||||||||||||||||||||
Total commercial real estate | 20,242 | 21,011 | |||||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | 333 | 333 | |||||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 620 | 1,901 | |||||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 25 | 25 | |||||||||||||||||||||||||||||||
Total single-family residential | 978 | 2,259 | |||||||||||||||||||||||||||||||
Commercial and industrial | 359 | 359 | |||||||||||||||||||||||||||||||
Consumer | - | - | |||||||||||||||||||||||||||||||
Total impaired loans with no related allowance recorded | $ | 21,579 | $ | 23,629 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 172 | $ | 172 | $ | 30 | |||||||||||||||||||||||||||
Multifamily residential | - | - | - | ||||||||||||||||||||||||||||||
Nonfarm nonresidential | 17,155 | 23,177 | 2,085 | ||||||||||||||||||||||||||||||
Total commercial real estate | 17,327 | 23,349 | 2,115 | ||||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | - | - | - | ||||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 247 | 247 | 28 | ||||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 107 | 107 | 42 | ||||||||||||||||||||||||||||||
Total single-family residential | 354 | 354 | 70 | ||||||||||||||||||||||||||||||
Commercial and industrial | 1,205 | 2,504 | 288 | ||||||||||||||||||||||||||||||
Consumer | 15 | 15 | 3 | ||||||||||||||||||||||||||||||
Total impaired loans with an allowance recorded | $ | 18,901 | $ | 26,222 | $ | 2,476 | |||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 879 | $ | 1,408 | $ | 30 | |||||||||||||||||||||||||||
Multifamily residential | - | - | - | ||||||||||||||||||||||||||||||
Nonfarm nonresidential | 36,690 | 42,952 | 2,085 | ||||||||||||||||||||||||||||||
Total commercial real estate | 37,569 | 44,360 | 2,115 | ||||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | 333 | 333 | - | ||||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 867 | 2,148 | 28 | ||||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 132 | 132 | 42 | ||||||||||||||||||||||||||||||
Total single-family residential | 1,332 | 2,613 | 70 | ||||||||||||||||||||||||||||||
Commercial and industrial | 1,564 | 2,863 | 288 | ||||||||||||||||||||||||||||||
Consumer | 15 | 15 | 3 | ||||||||||||||||||||||||||||||
Total impaired loans | $ | 40,480 | $ | 49,851 | $ | 2,476 | |||||||||||||||||||||||||||
Interest income recognized on impaired loans during the three and nine months ended September 30, 2014 was $368 thousand and $1.2 million, respectively. The average balance of total impaired loans was $41.8 million and $42.9 million for the same periods. | |||||||||||||||||||||||||||||||||
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 | Related | |||||||||||||||||||||||||||||||
investment | principal | allowance | |||||||||||||||||||||||||||||||
balance | |||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||
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 three months ended September 30, 2014 | |||||||||||||||||||||||||||||||||
Commercial | Single-family | Commercial and | |||||||||||||||||||||||||||||||
real estate | residential | industrial | Consumer | Other | Total | ||||||||||||||||||||||||||||
Allowance for loan losses, beginning of period | $ | 10,259 | $ | 3,112 | $ | 1,083 | $ | 915 | $ | 227 | $ | 15,596 | |||||||||||||||||||||
Provision for loan losses | (436 | ) | (374 | ) | 231 | 61 | 18 | (500 | ) | ||||||||||||||||||||||||
Loan charge-offs | 150 | 331 | 33 | 49 | 158 | 721 | |||||||||||||||||||||||||||
Loan recoveries | 61 | 840 | 11 | 10 | 69 | 991 | |||||||||||||||||||||||||||
Net loans charged-off (recovered) | 89 | (509 | ) | 22 | 39 | 89 | (270 | ) | |||||||||||||||||||||||||
Allowance for loan losses, end of period | $ | 9,734 | $ | 3,247 | $ | 1,292 | $ | 937 | $ | 156 | $ | 15,366 | |||||||||||||||||||||
For the nine months ended September 30, 2014 | |||||||||||||||||||||||||||||||||
Commercial | Single-family | Commercial and | |||||||||||||||||||||||||||||||
real estate | residential | industrial | Consumer | Other | Total | ||||||||||||||||||||||||||||
Allowance for loan losses, beginning of period | $ | 10,565 | $ | 3,124 | $ | 1,682 | $ | 1,118 | $ | (4 | ) | $ | 16,485 | ||||||||||||||||||||
Provision for loan losses | (214 | ) | (302 | ) | (247 | ) | (84 | ) | 347 | (500 | ) | ||||||||||||||||||||||
Loan charge-offs | 929 | 520 | 178 | 159 | 425 | 2,211 | |||||||||||||||||||||||||||
Loan recoveries | 312 | 945 | 35 | 62 | 238 | 1,592 | |||||||||||||||||||||||||||
Net loans charged-off (recovered) | 617 | (425 | ) | 143 | 97 | 187 | 619 | ||||||||||||||||||||||||||
Allowance for loan losses, end of period | $ | 9,734 | $ | 3,247 | $ | 1,292 | $ | 937 | $ | 156 | $ | 15,366 | |||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||
Commercial | Single-family | Commercial and | |||||||||||||||||||||||||||||||
real estate | residential | industrial | Consumer | Other | Total | ||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 2,115 | $ | 70 | $ | 288 | $ | 3 | $ | - | $ | 2,476 | |||||||||||||||||||||
Collectively evaluated for impairment | 7,619 | 3,177 | 1,004 | 934 | 156 | 12,890 | |||||||||||||||||||||||||||
Allowance for loan losses, end of period | $ | 9,734 | $ | 3,247 | $ | 1,292 | $ | 937 | $ | 156 | $ | 15,366 | |||||||||||||||||||||
Individually evaluated for impairment | $ | 37,569 | $ | 1,332 | $ | 1,564 | $ | 15 | $ | - | $ | 40,480 | |||||||||||||||||||||
Collectively evaluated for impairment | 408,679 | 192,542 | 71,999 | 53,056 | 10,191 | 736,467 | |||||||||||||||||||||||||||
Loans, gross | $ | 446,248 | $ | 193,874 | $ | 73,563 | $ | 53,071 | $ | 10,191 | $ | 776,947 | |||||||||||||||||||||
For the three months ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Commercial | Single-family | Commercial and | |||||||||||||||||||||||||||||||
real estate | residential | industrial | Consumer | Other | Total | ||||||||||||||||||||||||||||
Allowance for loan losses, beginning of period | $ | 11,029 | $ | 3,018 | $ | 2,139 | $ | 1,025 | $ | 7 | $ | 17,218 | |||||||||||||||||||||
Provision for loan losses | 562 | 214 | (254 | ) | 50 | 73 | 645 | ||||||||||||||||||||||||||
Loan charge-offs | 526 | 179 | 472 | 58 | 151 | 1,386 | |||||||||||||||||||||||||||
Loan recoveries | 40 | 28 | 44 | 36 | 81 | 229 | |||||||||||||||||||||||||||
Net loans charged-off | 486 | 151 | 428 | 22 | 70 | 1,157 | |||||||||||||||||||||||||||
Allowance for loan losses, end of period | $ | 11,105 | $ | 3,081 | $ | 1,457 | $ | 1,053 | $ | 10 | $ | 16,706 | |||||||||||||||||||||
For the nine months ended September 30, 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 | (36 | ) | 465 | 960 | 68 | 208 | 1,665 | ||||||||||||||||||||||||||
Loan charge-offs | 1,284 | 611 | 846 | 219 | 501 | 3,461 | |||||||||||||||||||||||||||
Loan recoveries | 108 | 87 | 79 | 111 | 292 | 677 | |||||||||||||||||||||||||||
Net loans charged-off | 1,176 | 524 | 767 | 108 | 209 | 2,784 | |||||||||||||||||||||||||||
Allowance for loan losses, end of period | $ | 11,105 | $ | 3,081 | $ | 1,457 | $ | 1,053 | $ | 10 | $ | 16,706 | |||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Commercial | Single-family | Commercial and | |||||||||||||||||||||||||||||||
real estate | residential | industrial | Consumer | Other | Total | ||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,952 | $ | 195 | $ | 17 | $ | 4 | $ | - | $ | 2,168 | |||||||||||||||||||||
Collectively evaluated for impairment | 9,153 | 2,886 | 1,440 | 1,049 | 10 | 14,538 | |||||||||||||||||||||||||||
Allowance for loan losses, end of period | $ | 11,105 | $ | 3,081 | $ | 1,457 | $ | 1,053 | $ | 10 | $ | 16,706 | |||||||||||||||||||||
Individually evaluated for impairment | $ | 40,224 | $ | 2,633 | $ | 1,294 | $ | 34 | $ | - | $ | 44,185 | |||||||||||||||||||||
Collectively evaluated for impairment | 414,834 | 172,060 | 65,803 | 49,362 | 10,570 | 712,629 | |||||||||||||||||||||||||||
Loans, gross | $ | 455,058 | $ | 174,693 | $ | 67,097 | $ | 49,396 | $ | 10,570 | $ | 756,814 | |||||||||||||||||||||
Note_6_Other_Loans_Held_for_Sa
Note 6 - Other Loans Held for Sale and Valuation Allowance | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Loans Held For Sale And Valuation Allowance [Abstract] | ' | ||||||||
Loans Held For Sale And Valuation Allowance [Text Block] | ' | ||||||||
6 | Other Loans Held for Sale and Valuation Allowance | ||||||||
The following table summarizes the changes in net other loans held for sale at the dates and for the periods indicated (in thousands). There was no other loans held for sale activity during the three months ended September 30, 2014 or 2013. | |||||||||
At and for the nine months ended | |||||||||
September 30, | |||||||||
2014 | 2013 | ||||||||
Other loans held for sale, net of valuation allowance, beginning of period | $ | - | $ | 776 | |||||
SBA loans transferred to other loans held for sale | 1,166 | 2,015 | |||||||
Proceeds from sales of SBA loans | (1,236 | ) | (2,222 | ) | |||||
Gain on sale of SBA loans | 70 | 207 | |||||||
SBA loan activity, net | - | - | |||||||
Proceeds from sales of other loans held for sale | - | (1,102 | ) | ||||||
Gain on sale of other loans held for sale | - | 326 | |||||||
Other loans held for sale activity, net | - | (776 | ) | ||||||
Other loans held for sale, net of valuation allowance, end of period | $ | - | $ | - | |||||
The following table summarizes the activity in the valuation allowance on other loans held for sale at the dates and for the periods indicated (in thousands). There was no activity in the valuation allowance on other loans held for sale during the three months ended September 30, 2014 or 2013. | |||||||||
At and for the nine months ended | |||||||||
September 30, | |||||||||
2014 | 2013 | ||||||||
Valuation allowance, beginning of period | $ | - | $ | 1,512 | |||||
Reduction resulting from sales of other loans held for sale | - | (1,512 | ) | ||||||
Valuation allowance, end of period | $ | - | $ | - | |||||
The Company originates loans partially guaranteed by the SBA, an agency of the U.S. government. The Company may sell the guaranteed portion of these loans into the secondary market. |
Note_7_Premises_and_Equipment_
Note 7 - Premises and Equipment, net | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
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). | |||||||||
September 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
Land | $ | 5,521 | $ | 5,521 | |||||
Buildings | 19,461 | 19,395 | |||||||
Leasehold improvements | 3,774 | 3,746 | |||||||
Furniture and equipment | 13,476 | 13,259 | |||||||
Software | 5,554 | 5,344 | |||||||
Bank automobiles | 95 | 95 | |||||||
Capital lease asset | 556 | 1,396 | |||||||
Premises and equipment, gross | $ | 48,437 | $ | 48,756 | |||||
Accumulated depreciation | (26,204 | ) | (25,389 | ) | |||||
Premises and equipment, net | $ | 22,233 | $ | 23,367 | |||||
At September 30, 2014, the Bank provided banking products and services through 25 branches of which five were leased and 20 were owned. | |||||||||
Depreciation expense for the three months ended September 30, 2014 and 2013 was $593 thousand and $641 thousand, respectively. Depreciation expense for the nine months ended September 30, 2014 and 2013 was $1.8 million and $1.9 million, respectively. |
Note_8_LongLived_Assets_Held_f
Note 8 - Long-Lived Assets Held for Sale | 9 Months Ended | |
Sep. 30, 2014 | ||
Long Lived Assets Held For Sale [Abstract] | ' | |
Long Lived Assets Held For Sale [Text Block] | ' | |
8 | Long-LivedAssets Held for Sale | |
At September 30, 2014, the Company was marketing for sale a vacant parcel of land and a vacant branch facility with a total net book value of $432 thousand. During the three and nine months ended September 30, 2014 the assets were written down by $253 thousand to reflect a reduction in their estimated fair values. Long-lived assets held for sale are included in Other assets in the Consolidated Balance Sheets, and the writedowns are reflected in Other noninterest expense in the Consolidated Statements of Income. |
Note_9_Servicing_Rights
Note 9 - Servicing Rights | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||||||||||
Other Assets Disclosure [Text Block] | ' | ||||||||||||||||
9 | Servicing Rights | ||||||||||||||||
Residential Mortgage-Servicing Rights | |||||||||||||||||
The net book value of residential mortgage-servicing rights was $2.4 million at September 30, 2014 and December 31, 2013. Residential mortgage-servicing rights are included in Other assets in the Consolidated Balance Sheets. The estimated fair value of residential mortgage-servicing rights was $3.7 million and $3.8 million at September 30, 2014 and December 31, 2013, 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 three months ended | At and for the nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Mortgage-servicing rights portfolio, net of valuation allowance, beginning of period | $ | 2,384 | $ | 2,449 | $ | 2,431 | $ | 2,545 | |||||||||
Capitalized mortgage-servicing rights | 115 | 193 | 357 | 540 | |||||||||||||
Mortgage-servicing rights portfolio amortization and impairment | (142 | ) | (193 | ) | (431 | ) | (636 | ) | |||||||||
Mortgage-servicing rights portfolio, net of valuation allowance, end of period | $ | 2,357 | $ | 2,449 | $ | 2,357 | $ | 2,449 | |||||||||
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 three months ended | At and for the nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Valuation allowance, beginning of period | $ | 33 | $ | 82 | $ | 31 | $ | 41 | |||||||||
Reductions credited to operations, net | (10 | ) | (42 | ) | (8 | ) | (1 | ) | |||||||||
Valuation allowance, end of period | $ | 23 | $ | 40 | $ | 23 | $ | 40 | |||||||||
SBA Servicing Rights | |||||||||||||||||
The net book value of SBA servicing rights was $80 thousand and $64 thousand at September 30, 2014 and December 31, 2013, respectively. SBA servicing rights are included in Other assets in the Consolidated Balance Sheets. The estimated fair value of SBA servicing rights was $89 thousand and $69 thousand at September 30, 2014 and December 31, 2013, respectively. | |||||||||||||||||
The following table summarizes the changes in SBA servicing rights at the dates and for the periods indicated (in thousands). | |||||||||||||||||
At and for the three months ended | At and for the nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
SBA servicing rights portfolio, net of valuation allowance, beginning of period | $ | 87 | $ | 76 | $ | 64 | $ | 39 | |||||||||
Capitalized SBA servicing rights | - | - | 31 | 47 | |||||||||||||
SBA servicing rights portfolio amortization and impairment | (7 | ) | (3 | ) | (15 | ) | (13 | ) | |||||||||
SBA servicing rights portfolio, net of valuation allowance, end of period | $ | 80 | $ | 73 | $ | 80 | $ | 73 | |||||||||
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 three months ended September 30, | At and for the nine months ended September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Valuation allowance, beginning of period | $ | 9 | $ | 3 | $ | 8 | $ | - | |||||||||
Additions charged to operations, net | 4 | - | 5 | 3 | |||||||||||||
Valuation allowance, end of period | $ | 13 | $ | 3 | $ | 13 | $ | 3 | |||||||||
Note_10_Foreclosed_Real_Estate
Note 10 - Foreclosed Real Estate and Repossessed Personal Property | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
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. | |||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
Foreclosed real estate | $ | 6,595 | $ | 7,502 | |||||||||||||
Repossessed personal property | 50 | 43 | |||||||||||||||
Total foreclosed real estate and repossessed personal property | $ | 6,645 | $ | 7,545 | |||||||||||||
Included in foreclosed real estate at both September 30, 2014 and December 31, 2013 were 77 residential lots with an aggregate net book value of $5.6 million and $6.5 million, respectively, in three separate communities related to one real estate development. Of this amount, our ownership within one community was comprised of 16 lots. In September 2014, the Company entered into a contract to sell these lots and recorded a writedown of $337 thousand. The sale is expected to close during the fourth quarter 2014. | |||||||||||||||||
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 three months ended September 30, | At and for the nine months ended September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Foreclosed real estate, beginning of period | $ | 7,335 | $ | 8,296 | $ | 7,502 | $ | 10,911 | |||||||||
Plus: new foreclosed real estate | 165 | 602 | 1,285 | 2,073 | |||||||||||||
Less: proceeds from sale of foreclosed real estate | (283 | ) | (846 | ) | (756 | ) | (2,363 | ) | |||||||||
Plus: gain on sale of foreclosed real estate | 13 | 22 | 63 | 112 | |||||||||||||
Less: writedowns and losses charged to expense | (635 | ) | (146 | ) | (1,499 | ) | (2,805 | ) | |||||||||
Foreclosed real estate, end of period | $ | 6,595 | $ | 7,928 | $ | 6,595 | $ | 7,928 | |||||||||
Note_11_BankOwned_Life_Insuran
Note 11 - Bank-Owned Life Insurance | 9 Months Ended | |
Sep. 30, 2014 | ||
Investments, All Other Investments [Abstract] | ' | |
Life Insurance, Corporate or Bank Owned [Text Block] | ' | |
11 | Bank-Owned Life Insurance | |
The Company owns 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 $10.3 million and $10.0 million at September 30, 2014 and December 31, 2013, respectively. | ||
In addition, the Company has fully-funded life insurance policies on two former members of executive management who are retired from the Company. At both September 30, 2014 and December 31, 2013, the cash surrender value of these policies attributable to the Company totaled $1.6 million. |
Note_12_Deposits
Note 12 - Deposits | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
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). | |||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
Transaction deposits | $ | 531,946 | $ | 494,289 | |||||||||||||
Money market deposits | 139,552 | 136,476 | |||||||||||||||
Savings deposits | 89,406 | 79,760 | |||||||||||||||
Time deposits $100,000 and greater | 69,611 | 79,654 | |||||||||||||||
Time deposits less than $100,000 | 105,774 | 117,181 | |||||||||||||||
Total deposits | $ | 936,289 | $ | 907,360 | |||||||||||||
At September 30, 2014 and December 31, 2013, $499 thousand and $564 thousand, respectively, of overdrawn transaction deposit accounts were reclassified to loans. There were no brokered deposits at September 30, 2014 or December 31, 2013. | |||||||||||||||||
Interest Expense on Deposit Accounts | |||||||||||||||||
The following table summarizes interest expense on deposits for the periods indicated (in thousands). | |||||||||||||||||
For the three months ended | For the nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Transaction deposits | $ | 11 | $ | 10 | $ | 31 | $ | 29 | |||||||||
Money market deposits | 10 | 8 | 28 | 23 | |||||||||||||
Savings deposits | 2 | 2 | 6 | 7 | |||||||||||||
Time deposits | 101 | 455 | 309 | 1,813 | |||||||||||||
Total interest expense on deposits | $ | 124 | $ | 475 | $ | 374 | $ | 1,872 | |||||||||
Note_13_Borrowings
Note 13 - Borrowings | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||
Debt Disclosure [Text Block] | ' | ||||||||||||
13 | Borrowings | ||||||||||||
Retail Repurchase Agreements | |||||||||||||
Retail repurchase agreements represent overnight secured borrowing arrangements between the Bank and certain clients. Retail repurchase agreements are not insured deposits and were secured by $23.9 million of the Company’s investment securities available for sale at September 30, 2014. | |||||||||||||
FHLB Advances | |||||||||||||
As disclosed in Note 4, Investment Securities Available for Sale, and Note 5, Loans, the Bank may pledge 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. The FHLB allows the Bank to borrow up to 25% of total assets, subject to available collateral. | |||||||||||||
The following table summarizes the collateral utilization and availability of borrowings from the FHLB at the dates indicated (in thousands). | |||||||||||||
September 30, | December 31, | ||||||||||||
2014 | 2013 | ||||||||||||
Available lendable loan collateral value pledged to serve against FHLB advances | $ | 74,090 | $ | 90,225 | |||||||||
FHLB advances outstanding | - | 35,000 | |||||||||||
Excess lendable collateral value pledged to serve against FHLB advances | $ | 74,090 | $ | 55,225 | |||||||||
Federal Reserve Discount Window | |||||||||||||
At September 30, 2014 and December 31, 2013, $1.6 million and $2.2 million, respectively, of loans and investment securities were pledged as collateral to cover the various Federal Reserve services that are available for use by the Bank. Of these amounts, $1.6 million and $2.1 million were available as lendable collateral at September 30, 2014 and December 31, 2013, respectively. The Bank’s borrowings from the Federal Reserve Discount Window (the “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, 2013, the Bank had access to three secured and two unsecured lines of credit from four correspondent banks totaling $60 million. During the nine months ended September 30, 2014, the Bank obtained two additional unsecured lines totaling $20 million. The following table summarizes the Bank’s correspondent bank lines of credit at September 30, 2014 (dollars in thousands). | |||||||||||||
Secured | Unsecured | Total | |||||||||||
Available facility | $ | 35,000 | $ | 45,000 | $ | 80,000 | |||||||
Count | 3 | 4 | 7 | ||||||||||
Subsequent to September 30, 2014, one secured line totaling $5 million was converted to an unsecured line and $15 million of a secured line was converted to an unsecured line. 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 | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||
Stockholders' Equity Note Disclosure [Text Block] | ' | ||||||||
14 | Shareholders’ Equity | ||||||||
Common Shares | |||||||||
At September 30, 2014, the Company had 75,000,000 authorized shares of common stock of which 12,793,543 were issued and outstanding. As of October 24, 2014, the Company has reserved a total of 196,916 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 Loss | |||||||||
The following table summarizes the components of accumulated other comprehensive loss, net of tax at the dates indicated (in thousands). | |||||||||
September 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
Net unrealized loss on investment securities available for sale | $ | (1,460 | ) | $ | (2,990 | ) | |||
Net unrealized defined benefit pension plan actuarial loss | (7,303 | ) | (7,303 | ) | |||||
Total accumulated other comprehensive loss, net of tax | $ | (8,763 | ) | $ | (10,293 | ) | |||
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. During the three and nine months ended September 30, 2014, the Company declared dividends on its common stock as follows: | |||||||||
Declaration date | Record date | Payment date | Cash dividend per share | ||||||
7/17/14 | 8/7/14 | 8/18/14 | $ | 0.05 | |||||
The dividends payable to shareholders were funded by dividends paid to the Company by the Bank. | |||||||||
In October 2014, the Company declared a cash dividend of $0.05 per common share payable in November 2014. |
Note_15_Income_Taxes
Note 15 - Income Taxes | 9 Months Ended | |
Sep. 30, 2014 | ||
Income Tax Disclosure [Abstract] | ' | |
Income Tax Disclosure [Text Block] | ' | |
15 | Income Taxes | |
As of September 30, 2014, the Company had federal net operating loss carryforwards of $9.3 million, which, if not utilized to offset future taxable income, will expire in 2032. During the nine months ended September 30, 2014, the Company utilized $9.0 million of federal net operating loss carryforwards to offset federal taxable income. This amount was comprised of $7.5 million of federal net operating loss carryforwards that would have expired in 2031 and $1.5 million that would have expired in 2032. | ||
As of September 30, 2014, net deferred tax assets of $18.1 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. During the three months ended September 30, 2013, the Company recorded an income tax benefit of $21.0 million related to the reversal of $21.0 million of its valuation allowance on the net deferred tax assets that existed at June 30, 2013. | ||
In 2010, the Company consummated a private offering pursuant to which the Company issued 9,993,995 shares of its common stock at $10.40 per share (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 its 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 September 30, 2014, 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. However, this estimate will not be conclusively confirmed until the five-year limitation period expires in October 2015. The Company has not recognized any deferred tax asset related to the amount by which recognized built-in losses exceed the amount expected to be utilized against future taxable income. | ||
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 dating back to 2010 are generally considered subject to examination based on federal and state regulations. |
Note_16_Benefit_Plans
Note 16 - Benefit Plans | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Pension and Other Postretirement Benefits Disclosure [Text Block] | ' | ||||||||||||||||
16 | Benefit Plans | ||||||||||||||||
401(k) Plan | |||||||||||||||||
Employees (which the Company refers to as “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, and participants are able to defer a portion of their salary into the 401(k) Plan. Matching contributions, if any, 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. The Company reinstated its match of teammate contributions effective July 1, 2013. From July 1, 2013 through June 30, 2014, teammate contributions were matched at a rate of $0.10 per dollar up to 6% of a teammate’s eligible compensation. Effective July 1, 2014, the match of teammate contributions was increased to a rate of $0.25 per dollar up to 6% of a teammate’s eligible compensation. The Company’s matching contributions totaled $22 thousand and $13 thousand for the three months ended September 30, 2014 and 2013, respectively, and $49 thousand and $13 thousand for the nine months ended September 30, 2014 and 2013, respectively. | |||||||||||||||||
Under the Internal Revenue Service (“IRS”) rules related to 401(k) plans, the IRS imposes certain annual limitations on the amount of allowable contributions to the 401(k) Plan by highly compensated participants (as determined annually by applying the required IRS tests). To the extent teammates receive contribution refunds of prior salary deferrals as a result of the annual limitations, the Bank has in place a benefit equalization plan into which such teammates may contribute refunds received. The benefit equalization plan operates similar to the 401(k) Plan except that this plan is a nonqualified plan under the IRS rules, and the assets of the benefit equalization plan are subject to the general creditors of the Bank. At September 30, 2014, assets in the benefit equalization plan were $39 thousand and are included in Other assets in the Consolidated Balance Sheet. An offsetting liability of $39 thousand is reflected in Other liabilities and represents the Bank’s obligation to benefit equalization plan participants. There were no assets or liabilities associated with the benefit equalization plan at December 31, 2013. | |||||||||||||||||
Defined Benefit Pension Plan | |||||||||||||||||
Prior to 2008, the Company offered a noncontributory, defined benefit pension plan (the “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 participants in the Pension Plan. Although no previously accrued benefits were lost, teammates no longer accrue benefits for service subsequent to 2007. | |||||||||||||||||
The Company’s net accrued pension liability is included in Other liabilities in the Consolidated Balance Sheets and totaled $975 thousand and $1.3 million at September 30, 2014 and December 31, 2013, respectively. | |||||||||||||||||
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, for the periods indicated (in thousands). | |||||||||||||||||
For the three months ended | For the nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Interest cost | $ | 273 | $ | 210 | $ | 685 | $ | 631 | |||||||||
Expected return on plan assets | (319 | ) | (283 | ) | (806 | ) | (850 | ) | |||||||||
Amortization of net actuarial loss | 197 | 243 | 573 | 728 | |||||||||||||
Net periodic pension expense | $ | 151 | $ | 170 | $ | 452 | $ | 509 | |||||||||
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. | |||||||||||||||||
Pension Plan Assets. The following table summarizes the fair value of Pension Plan assets by major category at the dates indicated (in thousands). | |||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
Cash and cash equivalents | $ | 5,326 | $ | 4,440 | |||||||||||||
U.S. government and agency securities | - | 549 | |||||||||||||||
Municipal securities | - | 470 | |||||||||||||||
Corporate bonds | - | 3,398 | |||||||||||||||
Mutual funds | 912 | 3,596 | |||||||||||||||
Corporate stocks | 1,066 | 3,329 | |||||||||||||||
Exchange traded funds | 9,142 | 287 | |||||||||||||||
Foreign equities | 166 | 694 | |||||||||||||||
Accrued interest receivable | 1 | 30 | |||||||||||||||
Other | 4 | 5 | |||||||||||||||
Total Pension Plan assets | $ | 16,617 | $ | 16,798 | |||||||||||||
Fair Value Measurements. 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). | |||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
Level 1 | $ | 6,397 | $ | 7,804 | |||||||||||||
Level 2 | 10,220 | 8,994 | |||||||||||||||
Level 3 | - | - | |||||||||||||||
Total Pension Plan assets | $ | 16,617 | $ | 16,798 | |||||||||||||
There were no changes in the Pension Plan’s Level 3 assets during 2013 or during the nine months ended September 30, 2014. | |||||||||||||||||
Current and Future Expected Contributions. The Company contributed $400 thousand to the Pension Plan in April, July and October 2014, and expects to contribute an additional $400 thousand relative to the 2014 plan year in December 2014. |
Note_17_Equity_Based_Compensat
Note 17 - Equity Based Compensation | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
The following table summarizes stock option activity for the 1997 Stock Compensation Plan (the “1997 Plan”) at the dates and for the periods indicated. | ||||||||||||||||||||||||||||
Stock options | Weighted- | |||||||||||||||||||||||||||
outstanding | average | |||||||||||||||||||||||||||
exercise price | ||||||||||||||||||||||||||||
per share | ||||||||||||||||||||||||||||
Outstanding, December 31, 2013 | 6,450 | $ | 103.89 | |||||||||||||||||||||||||
Forfeited | (1,250 | ) | 109.2 | |||||||||||||||||||||||||
Expired | (2,250 | ) | 93.2 | |||||||||||||||||||||||||
Outstanding, September 30, 2014 | 2,950 | 109.8 | ||||||||||||||||||||||||||
The following table summarizes information regarding stock options under the 1997 Plan that were outstanding and exercisable at September 30, 2014. | ||||||||||||||||||||||||||||
Weighted- | Number of stock | Weighted- | ||||||||||||||||||||||||||
average | options outstanding and | average | ||||||||||||||||||||||||||
exercise | exercisable | remaining | ||||||||||||||||||||||||||
price | contractual life | |||||||||||||||||||||||||||
(years) | ||||||||||||||||||||||||||||
$ | 106.4 | 250 | 0.3 | |||||||||||||||||||||||||
109.2 | 2,500 | 1.67 | ||||||||||||||||||||||||||
121.6 | 200 | 2.3 | ||||||||||||||||||||||||||
Total | 2,950 | 1.6 | ||||||||||||||||||||||||||
At September 30, 2014 and December 31, 2013, 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 | ||||||||||||||||||||||||||||
There were no grants or forfeitures of restricted stock under the Company’s 2008 Restricted Stock Plan (the “2008 Plan”) during the nine months ended September 30, 2014. The weighted-average grant date fair value per share of granted shares under the 2008 Plan net of forfeitures was $27.55 at both December 31, 2013 and September 30, 2014. | ||||||||||||||||||||||||||||
Of the 62,386 net restricted stock awards granted under the 2008 Plan, 4,255 shares vested during the nine months ended September 30, 2014, and 6,989 shares remained unvested at September 30, 2014 and are expected to vest through 2016. Remaining shares available for issuance under the 2008 Plan totaled 114 shares at September 30, 2014. | ||||||||||||||||||||||||||||
2011 Stock Incentive Plan | ||||||||||||||||||||||||||||
The following table summarizes stock option and restricted stock information for the 2011 Stock Incentive Plan (the “2011 Plan”) at the dates and for the periods indicated. | ||||||||||||||||||||||||||||
Total shares | Stock options outstanding | Weighted- | Shares of | Weighted- | ||||||||||||||||||||||||
average | restricted stock | average grant | ||||||||||||||||||||||||||
exercise price | date fair value per share | |||||||||||||||||||||||||||
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 | - | - | ||||||||||||||||||||||
2014 Grants | 14,451 | 4,000 | 12.96 | 10,451 | 13.07 | |||||||||||||||||||||||
2014 Forfeitures | (625 | ) | - | - | (625 | ) | 6.5 | |||||||||||||||||||||
Granted, net of forfeitures, September 30, 2014 | 503,084 | 115,833 | ||||||||||||||||||||||||||
Outstanding, September 30, 2014 | 376,001 | 10.52 | ||||||||||||||||||||||||||
Total shares available for grant under the 2011 Plan | 700,000 | |||||||||||||||||||||||||||
Remaining shares available for grant, September 30, 2014 | 196,916 | |||||||||||||||||||||||||||
During the nine months ended September 30, 2014, 5,404 shares of restricted stock with a total grant date fair value of $70 thousand were granted to the non-management members of the Board of Directors as compensation for their annual Board retainers and 2,500 shares of restricted stock and 4,000 stock options were awarded to certain teammates in recognition of performance and/or upon initial employment. The 2,500 shares of restricted stock and 4,000 stock options are subject to time vesting conditions and, assuming the time vesting conditions are met, will vest from 2015 to 2017. In addition, during the nine months ended September 30, 2014, 2,547 shares of restricted stock were granted to certain directors in conjunction with his/her reelection to the Board in 2014. | ||||||||||||||||||||||||||||
The following table summarizes the activity in unvested shares of restricted stock under the 2011 Plan at the dates and for the period indicated. | ||||||||||||||||||||||||||||
Shares of | ||||||||||||||||||||||||||||
restricted | ||||||||||||||||||||||||||||
stock | ||||||||||||||||||||||||||||
Unvested, December 31, 2013 | 103,507 | |||||||||||||||||||||||||||
Grants | 10,451 | |||||||||||||||||||||||||||
Forfeited | (625 | ) | ||||||||||||||||||||||||||
Vested | (36,870 | ) | ||||||||||||||||||||||||||
Unvested, September 30, 2014 | 76,463 | |||||||||||||||||||||||||||
For both the 2008 Plan and the 2011 Plan, a portion of the restricted shares that vested during the nine months ended September 30, 2014 were net-settled to cover the required withholding taxes, and the grantee received the common stock equal to the vested shares less the net-settled shares. Withholding taxes for the remaining shares that vested during the nine months ended September 30, 2014 were paid in cash by the grantee. The net-share settlements reduced the number of common shares outstanding. | ||||||||||||||||||||||||||||
The following table summarizes information regarding stock options under the 2011 Plan that were outstanding and exercisable at September 30, 2014. | ||||||||||||||||||||||||||||
Options outstanding | Options exercisable | |||||||||||||||||||||||||||
Weighted- | Number of | Weighted- | Value of | Number of | Weighted- | Value of | ||||||||||||||||||||||
average | stock options | average | outstanding in-the- | stock options | average | exercisable in-the- | ||||||||||||||||||||||
exercise | remaining | money stock | remaining | money stock | ||||||||||||||||||||||||
price | contractual life | options | contractual life | options | ||||||||||||||||||||||||
(years) | (years) | |||||||||||||||||||||||||||
$ | 10.4 | 312,501 | 6.63 | $ | 1,168,754 | 104,167 | 6.63 | $ | 389,585 | |||||||||||||||||||
11 | 59,500 | 6.8 | 186,830 | 14,750 | 6.8 | 46,315 | ||||||||||||||||||||||
12.96 | 4,000 | 9.39 | 4,720 | - | - | - | ||||||||||||||||||||||
Total | 376,001 | 6.69 | $ | 1,360,304 | 118,917 | 6.65 | $ | 435,900 | ||||||||||||||||||||
Determining Fair Value. The following table summarizes the fair value of stock option awards granted under the 2011 Plan during the nine months ended September 30, 2014 as estimated on the date of grant using the Black-Scholes option-pricing model and the assumptions used to determine the fair value of such grant. | ||||||||||||||||||||||||||||
2014 grant | ||||||||||||||||||||||||||||
Option exercise price, per share | $ | 12.96 | ||||||||||||||||||||||||||
Fair value of stock option awards granted, per share | $ | 6.87 | ||||||||||||||||||||||||||
Expected dividend yield | - | % | ||||||||||||||||||||||||||
Expected volatility | 50 | |||||||||||||||||||||||||||
Risk-free interest rate | 2.19 | |||||||||||||||||||||||||||
Expected term (years) | 7 | |||||||||||||||||||||||||||
Vesting period (years) | 3 | |||||||||||||||||||||||||||
Compensation Expense Relating to Equity-Based Compensation | ||||||||||||||||||||||||||||
The following table summarizes compensation expense for the 1997 Plan, the 2008 Plan and the 2011 Plan charged against pretax income for the periods indicated (in thousands). | ||||||||||||||||||||||||||||
For the three months ended | For the nine months ended | |||||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Compensation expense | ||||||||||||||||||||||||||||
1997 Plan | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||
2008 Plan | 11 | 67 | 73 | 269 | ||||||||||||||||||||||||
2011 Plan | 156 | 196 | 531 | 627 | ||||||||||||||||||||||||
Total equity-based compensation expense | $ | 167 | $ | 263 | $ | 604 | $ | 896 | ||||||||||||||||||||
Income tax benefit | $ | 61 | $ | - | $ | 222 | $ | - | ||||||||||||||||||||
At September 30, 2014, the total unrecognized pretax compensation expense related to unvested equity awards granted under the 2008 Plan and the 2011 Plan was $60 thousand and $646 thousand, respectively. This expense is expected to be recognized through 2016 under the 2008 Plan and 2017 under the 2011 Plan. |
Note_18_Average_Share_Informat
Note 18 - Average Share Information | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||||||
18 | Average Share Information | ||||||||||||||||
The following table reconciles the denominators of the basic and diluted net income per common share computations for the periods indicated (dollars in thousands, except per share data). | |||||||||||||||||
For the three months ended September 30, | For the nine months ended September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Basic net income per common share | |||||||||||||||||
Net income applicable to common shareholders | $ | 1,982 | $ | 22,233 | $ | 6,037 | $ | 25,908 | |||||||||
Undistributed earnings allocated to participating securities | (9 | ) | (200 | ) | (42 | ) | (233 | ) | |||||||||
Net income allocated to common shareholders | $ | 1,973 | $ | 22,033 | $ | 5,995 | $ | 25,675 | |||||||||
Average common shares issued and outstanding | 12,710,091 | 12,663,162 | 12,692,006 | 12,655,473 | |||||||||||||
Basic net income per common share | $ | 0.15 | $ | 1.74 | $ | 0.47 | $ | 2.03 | |||||||||
Diluted net income per common share | |||||||||||||||||
Net income applicable to common shareholders | $ | 1,982 | $ | 22,233 | $ | 6,037 | $ | 25,908 | |||||||||
Undistributed earnings allocated to participating securities | (9 | ) | (200 | ) | (42 | ) | (232 | ) | |||||||||
Net income allocated to common shareholders | $ | 1,973 | $ | 22,033 | $ | 5,995 | $ | 25,676 | |||||||||
Average common shares issued and outstanding | 12,710,091 | 12,663,162 | 12,692,006 | 12,655,473 | |||||||||||||
Dilutive potential common shares (1) | 61,543 | 11,581 | 49,970 | - | |||||||||||||
Total diluted average common shares issued and outstanding | 12,771,634 | 12,674,743 | 12,741,976 | 12,655,473 | |||||||||||||
Diluted net income per common share | $ | 0.15 | $ | 1.74 | $ | 0.47 | $ | 2.03 | |||||||||
(1) Includes dilutive impact of restricted stock and stock options, as applicable |
Note_19_Commitments_Guarantees
Note 19 - Commitments, Guarantees and Other Contingencies | 9 Months Ended | ||||
Sep. 30, 2014 | |||||
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 as well as unused credit arrangements to fund commercial construction. For retail clients, lending commitments are generally unused lines of credit secured by residential property as well as unused credit arrangements to fund residential construction. 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 September 30, 2014 (in thousands). | |||||
Commitments to extend credit: | |||||
Revolving, open-end loans secured by single-family residential properties | $ | 65,491 | |||
Commercial real estate, construction and land development loans secured by real estate | |||||
Single-family residential construction loans | 7,122 | ||||
Commercial real estate, other construction loans, and land development loans | 25,050 | ||||
Commercial and industrial loans | 42,156 | ||||
Overdraft protection loans | 30,538 | ||||
Other | 16,910 | ||||
Total commitments to extend credit | $ | 187,267 | |||
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 $4.1 million and $3.7 million at September 30, 2014 and December 31, 2013, respectively. | |||||
The reserve for estimated credit losses on unfunded lending commitments at September 30, 2014 and December 31, 2013 was $138 thousand and $259 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. | |||||
Contractual Obligations | |||||
In 2013, the Bank entered into a subscription agreement for a $2.0 million limited partnership investment in Plexus Fund III, L.P. (the “Fund”). The Bank’s commitment represents approximately 1.3% of the Fund’s total capital commitments. As of September 30, 2014, the Bank invested a total of $450 thousand of the $2.0 million commitment. Capital calls are at the discretion of the Fund and are expected to be fully invested by 2018. |
Note_20_Derivative_Financial_I
Note 20 - Derivative Financial Instruments and Hedging Activities | 9 Months Ended | |
Sep. 30, 2014 | ||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ' | |
20 | Derivative Financial Instruments and Hedging Activities | |
At September 30, 2014 and December 31, 2013, the Company’s only derivative instruments related to residential mortgage-banking activities. | ||
Because the Company has historically sold the mortgage loans it originates each quarter, the notional amount of the Company’s commitments to originate conforming mortgage loans held for sale have been accounted for as derivative financial instruments. However, since the Company intends to retain the potential mortgage loans associated with commitments to lend at September 30, 2014, fewer commitments to originate conforming mortgage loans were accounted for as derivative financial instruments at September 30, 2014. | ||
At September 30, 2014, the notional amount of commitments to originate conforming mortgage loans held for sale totaled $215 thousand. These derivative loan commitments had positive fair values, included in Other assets in the Consolidated Balance Sheets, totaling $9 thousand. At December 31, 2013, the notional amount of commitments to originate conforming mortgage loans held for sale totaled $7.3 million and were considered derivative financial instruments. These derivative loan commitments had positive fair values, included in Other assets in the Consolidated Balance Sheet, totaling $176 thousand and negative fair values, included in Other liabilities in the Consolidated Balance Sheet, totaling $3 thousand. The net change in derivative loan commitment fair values during the three months ended September 30, 2014 and 2013 resulted in income (expense) of $(223) thousand and $147 thousand, respectively. The net change in derivative loan commitment fair values during the nine months ended September 30, 2014 and 2013 resulted in expense of $165 thousand and $78 thousand, respectively. | ||
The notional amount of forward sales commitments totaled $715 thousand at September 30, 2014. These forward sales commitments had negative fair values, included in Other liabilities in the Consolidated Balance Sheets, totaling $2 thousand. The notional amount of forward sales commitments totaled $6.8 million at December 31, 2013. These forward sales commitments had positive fair values, included in Other assets in the Consolidated Balance Sheets, totaling $28 thousand and negative fair values, included in Other liabilities in the Consolidated Balance Sheets, totaling $4 thousand. The net change in forward sales commitment fair values during the three months ended September 30, 2014 and 2013 resulted in income (expense) of $38 thousand and $(245) thousand, respectively. The net change in forward sales commitment fair values during the nine months ended September 30, 2014 and 2013 resulted in expense of $27 thousand and $85 thousand, respectively. |
Note_21_Disclosures_Regarding_
Note 21 - Disclosures Regarding Fair Value | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||||||
21 | Disclosures RegardingFair Value | ||||||||||||||||
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). | |||||||||||||||||
30-Sep-14 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets | |||||||||||||||||
Trading account assets | $ | 655 | $ | 4,803 | $ | - | $ | 5,458 | |||||||||
Investment securities available for sale | |||||||||||||||||
U.S. agency | - | 1,925 | - | 1,925 | |||||||||||||
State and municipal | - | 5,763 | - | 5,763 | |||||||||||||
Collateralized mortgage obligations (federal agencies) | 1,079 | 89,731 | - | 90,810 | |||||||||||||
Other mortgage-backed (federal agencies) | 1,300 | 78,434 | - | 79,734 | |||||||||||||
SBA loan-backed (federal agency) | 20,825 | 15,525 | - | 36,350 | |||||||||||||
Derivative financial instruments | - | 9 | - | 9 | |||||||||||||
Total assets measured at fair value on a recurring basis | $ | 23,859 | $ | 196,190 | $ | - | $ | 220,049 | |||||||||
Liabilities | |||||||||||||||||
Derivative financial instruments | $ | - | $ | 2 | $ | - | $ | 2 | |||||||||
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 | |||||||||
For 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 September 30, 2014 or December 31, 2013. | |||||||||||||||||
30-Sep-14 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets | |||||||||||||||||
Mortgage loans held for sale | $ | - | $ | 268 | $ | - | $ | 268 | |||||||||
Impaired loans | - | 5,549 | - | 5,549 | |||||||||||||
Foreclosed real estate | 414 | 508 | 5,401 | 6,323 | |||||||||||||
Long-lived assets held for sale | - | 333 | 99 | 432 | |||||||||||||
Total assets measured at fair value on a nonrecurring basis | $ | 414 | $ | 6,658 | $ | 5,500 | $ | 12,572 | |||||||||
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 | 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 | |||||||||
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 September 30, 2014 (in thousands). | |||||||||||||||||
Fair value | Valuation technique | Significant unobservable inputs | |||||||||||||||
Assets | |||||||||||||||||
Foreclosed real estate | $ | 5,401 | Appraisals of collateral value | Adjustments to appraisal for age of comparable sales | |||||||||||||
Long-lived assets held for sale | 432 | 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 | |||||||||||||||||
The following table summarizes the carrying amount and fair value of 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 | Fair | ||||||||||||||||
amount | value | ||||||||||||||||
30-Sep-14 | |||||||||||||||||
Financial instruments - assets | |||||||||||||||||
Loans (1) | $ | 758,595 | $ | 757,336 | |||||||||||||
Financial instruments - liabilities | |||||||||||||||||
Deposits | 936,289 | 920,135 | |||||||||||||||
31-Dec-13 | |||||||||||||||||
Financial instruments - assets | |||||||||||||||||
Loans (1) | $ | 748,243 | $ | 748,330 | |||||||||||||
Financial instruments - liabilities | |||||||||||||||||
Deposits | 907,360 | 896,858 | |||||||||||||||
(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 | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||
Regulatory Capital Requirements under Banking Regulations [Text Block] | ' | ||||||||||||||||||||||||
22 | Regulatory Capital Requirements | ||||||||||||||||||||||||
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 both September 30, 2014 and December 31, 2013. Since September 30, 2014, no conditions or events have occurred, of which the Company is aware, that have resulted in a material change in the Bank's regulatory risk category other than as reported in this Quarterly Report on Form 10-Q. | |||||||||||||||||||||||||
Actual | For capital adequacy | To be well capitalized under | |||||||||||||||||||||||
purposes | prompt corrective action | ||||||||||||||||||||||||
provisions | |||||||||||||||||||||||||
amount | ratio | amount | ratio | amount | ratio | ||||||||||||||||||||
At September 30, 2014 | |||||||||||||||||||||||||
Total capital to risk-weighted assets | |||||||||||||||||||||||||
Company | $ | 140,399 | 16.67 | % | $ | 67,373 | 8 | % | n/a | n/a | |||||||||||||||
Bank | 140,171 | 16.64 | 67,370 | 8 | $ | 84,213 | 10 | % | |||||||||||||||||
Tier 1 capital to risk-weighted assets | |||||||||||||||||||||||||
Company | 129,810 | 15.41 | 33,687 | 4 | n/a | n/a | |||||||||||||||||||
Bank | 129,583 | 15.39 | 33,685 | 4 | 50,528 | 6 | |||||||||||||||||||
Tier 1 leverage ratio | |||||||||||||||||||||||||
Company | 129,810 | 12.01 | 43,235 | 4 | n/a | n/a | |||||||||||||||||||
Bank | 129,583 | 11.99 | 43,225 | 4 | 54,031 | 5 | |||||||||||||||||||
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 | |||||||||||||||||||
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Nature of Operation1 [Policy Text Block] | ' |
Nature of Operations | |
Palmetto Bancshares, Inc. (the “Company’) 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. The Bank, also headquartered in Greenville, South Carolina, is the second largest banking institution headquartered in South Carolina. The Bank serves the Upstate of South Carolina through 25 branch locations in nine counties along the economically attractive I-85 corridor, as well as 24/7/365 service through online and mobile banking and automatic teller machines. Through its Retail, Commercial and Wealth Management lines of business, the Bank specializes in providing financial solutions to consumers and small to mid-size businesses with deposit and cash management products, loans (including consumer, mortgage, credit card, automobile, Small Business Administration (“SBA”), commercial and corporate), lines of credit, trust, brokerage, private banking, financial planning and insurance. | |
Consolidation, Policy [Policy Text Block] | ' |
Principles of Consolidation / Basis of Presentation | |
The accompanying Consolidated Financial Statements include the accounts of the Company, the Bank and subsidiaries of the Bank (collectively referred to herein 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. | |
The Consolidated Financial Statements at and for the three and nine months ended September 30, 2014 and 2013 contained in this Quarterly Report on Form 10-Q have not been audited by our independent registered public accounting firm. The unaudited Consolidated Financial Statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q adopted by the Securities and Exchange Commission (the “SEC”). Accordingly, the Consolidated Financial Statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited Consolidated Financial Statements and notes thereto for the year ended December 31, 2013 included in our Annual Report on Form 10-K filed with the SEC on March 5, 2014 (the “2013 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 businesses for improved accountability and go-to-market strategies. However, the Company has limited disaggregated financial information for these businesses, and we do not yet have financial information that meets the criteria to be considered reportable segments. Accordingly, at September 30, 2014, the Company had one reportable business 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 three and nine months ended September 30, 2014 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 income, comprehensive income or shareholders’ equity as previously reported. | |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
Recently Adopted Authoritative Pronouncements | |
In May 2013, the Committee of Sponsoring Organizations (“COSO”) of the Treadway Commission issued its updated Internal Control–Integrated Framework and related illustrative documents (the "2013 Framework"). The 2013 framework was written to reflect the changes in business since the first version was released in 1992. The Company transitioned from the 1992 framework to the 2013 framework during the first quarter 2014. | |
In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 became effective for the Company on January 1, 2014 and did not have a material impact on the Company’s financial position, results of operations or cash flows. | |
Recently Issued Authoritative Pronouncements | |
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 (“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 Accounting Standards Codification (“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 2014-01 to have a material impact on its financial position, results of operations or cash flows. | |
In January 2014, the FASB issued ASU 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Topic 310): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure (“ASU 2014-04”) to clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both the amount of foreclosed residential real estate property held by the creditor and the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. An entity can elect to adopt the amendments in ASU 2014-04 using either a modified retrospective transition method or a prospective transition method. The amendments are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The Company does not expect the adoption of ASU 2014-04 to have a material impact on its financial position, results of operations or cash flows. | |
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606): Revenue from Contracts with Customers (“ASU 2014-09”). The scope of the guidance applies to revenue arising from contracts with customers, except for the following: lease contracts, insurance contracts, contractual rights and obligations within the scope of other guidance and nonmonetary exchanges between entities in the same line of business to facilitate sales to customers. The core principle of the new guidance is that an entity should recognize revenue to reflect the transfer of goods and services to customers in an amount equal to the consideration that the entity receives or expects to receive. ASU 2014-09 is not expected to impact the timing or approach to revenue recognition for financial institutions. The likely impact for financial institutions will relate only to disclosures. The amendments are effective for public entities for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Company does not expect the adoption of ASU 2014-09 to have a material impact on its financial position, results of operations or cash flows. | |
In June 2014, the FASB issued ASU 2014-12, Compensation—Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (“ASU 2014-12”) which requires that a performance target that impacts vesting and that could be achieved after the requisite service period be treated as a performance condition thereby impacting, among other things, the grant-date fair value of the award and the timing of recognition of the related compensation cost. Entities may apply the amendments either prospectively to all awards granted or modified after the effective date or retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. If retrospective transition is adopted, the cumulative effect as of the beginning of the earliest annual period presented in the financial statements should be recognized as an adjustment to the opening retained earnings balance at that date. The amendments are effective for all entities for annual periods and interim periods within those annual periods beginning after December 15, 2015. Early adoption is permitted. The Company is evaluating the impact that the adoption of ASU 2014-12 may have on its financial position, results of operations and cash flows. | |
In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”) which provides guidance on management’s responsibility in evaluating whether there is substantial doubt about an organization’s ability to continue as a going concern and about related footnote disclosures. The amendments are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company does not expect the adoption of ASU 2014-15 to 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) | 9 Months Ended | ||||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||||||
Note 3 - Trading Account Assets (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||||||
Trading Securities [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||||||
Municipal bonds | $ | 4,803 | $ | 3,771 | |||||||||||||||||||||||||||||||||
Insured bank deposits | 655 | 1,347 | |||||||||||||||||||||||||||||||||||
Total trading account assets | $ | 5,458 | $ | 5,118 | |||||||||||||||||||||||||||||||||
Gain (Loss) on Investments [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
For the three months ended September 30, | For the nine months ended September 30, | ||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||||||
Realized gains, net | $ | 75 | $ | 13 | $ | 421 | $ | 13 | |||||||||||||||||||||||||||||
Unrealized gains, net due to changes in fair value relative to assets held at end of period | 23 | 23 | 23 | 23 | |||||||||||||||||||||||||||||||||
Total trading account income, net | $ | 98 | $ | 36 | $ | 444 | $ | 36 | |||||||||||||||||||||||||||||
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||||||
Amortized cost | Gross | Gross | Fair value | ||||||||||||||||||||||||||||||||||
unrealized | unrealized | ||||||||||||||||||||||||||||||||||||
gains | losses | ||||||||||||||||||||||||||||||||||||
U.S. agency | $ | 1,923 | $ | 2 | $ | - | $ | 1,925 | |||||||||||||||||||||||||||||
State and municipal | 5,680 | 105 | (22 | ) | 5,763 | ||||||||||||||||||||||||||||||||
Collateralized mortgage obligations (federal agencies) | 93,217 | 9 | (2,416 | ) | 90,810 | ||||||||||||||||||||||||||||||||
Other mortgage-backed (federal agencies) | 79,856 | 320 | (442 | ) | 79,734 | ||||||||||||||||||||||||||||||||
SBA loan-backed (federal agency) | 36,260 | 205 | (115 | ) | 36,350 | ||||||||||||||||||||||||||||||||
Total investment securities available for sale | $ | 216,936 | $ | 641 | $ | (2,995 | ) | $ | 214,582 | ||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||||||
Amortized cost | Gross unrealized gains | Gross unrealized losses | Fair value | ||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||||||
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 | $ | 575 | $ | 3 | 1 | $ | 1,056 | $ | 19 | 2 | $ | 1,631 | $ | 22 | ||||||||||||||||||||||
Collateralized mortgage obligations (federal agencies) | 7 | 21,907 | 318 | 11 | 62,896 | 2,098 | 18 | 84,803 | 2,416 | ||||||||||||||||||||||||||||
Other mortgage-backed (federal agencies) | 11 | 13,424 | 88 | 11 | 23,734 | 354 | 22 | 37,158 | 442 | ||||||||||||||||||||||||||||
SBA loan-backed (federal agency) | 2 | 2,212 | 11 | 6 | 15,872 | 104 | 8 | 18,084 | 115 | ||||||||||||||||||||||||||||
Total | 21 | $ | 38,118 | $ | 420 | 29 | $ | 103,558 | $ | 2,575 | 50 | $ | 141,676 | $ | 2,995 | ||||||||||||||||||||||
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 | ||||||||||||||||||||||
Available-for-sale Securities, Credit Rating by Moody's [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Moody's Ratings | |||||||||||||||||||||||||||||||||||||
Aa1 - Aa3 | 65 | % | |||||||||||||||||||||||||||||||||||
A1 - A2 | 16 | ||||||||||||||||||||||||||||||||||||
Not rated | 19 | ||||||||||||||||||||||||||||||||||||
Total | 100 | % | |||||||||||||||||||||||||||||||||||
Standard and | |||||||||||||||||||||||||||||||||||||
Poor's Ratings | |||||||||||||||||||||||||||||||||||||
AA+ - AA- | 49 | % | |||||||||||||||||||||||||||||||||||
Not rated | 51 | ||||||||||||||||||||||||||||||||||||
Total | 100 | % | |||||||||||||||||||||||||||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Amortized cost | Fair value | ||||||||||||||||||||||||||||||||||||
Due in one year or less | $ | - | $ | - | |||||||||||||||||||||||||||||||||
Due after one year through five years | - | - | |||||||||||||||||||||||||||||||||||
Due after five years through ten years | 1,923 | 1,925 | |||||||||||||||||||||||||||||||||||
Due after ten years | - | - | |||||||||||||||||||||||||||||||||||
U.S. agency | 1,923 | 1,925 | |||||||||||||||||||||||||||||||||||
Due in one year or less | 2,545 | 2,582 | |||||||||||||||||||||||||||||||||||
Due after one year through five years | 2,060 | 2,125 | |||||||||||||||||||||||||||||||||||
Due after five years through ten years | 1,075 | 1,056 | |||||||||||||||||||||||||||||||||||
Due after ten years | - | - | |||||||||||||||||||||||||||||||||||
State and municipal | 5,680 | 5,763 | |||||||||||||||||||||||||||||||||||
Due in one year or less | 538 | 540 | |||||||||||||||||||||||||||||||||||
Due after one year through five years | 12,604 | 12,330 | |||||||||||||||||||||||||||||||||||
Due after five years through ten years | 80,075 | 77,940 | |||||||||||||||||||||||||||||||||||
Due after ten years | - | - | |||||||||||||||||||||||||||||||||||
Collateralized mortgage obligations (federal agencies) | 93,217 | 90,810 | |||||||||||||||||||||||||||||||||||
Due in one year or less | - | - | |||||||||||||||||||||||||||||||||||
Due after one year through five years | 40,872 | 40,933 | |||||||||||||||||||||||||||||||||||
Due after five years through ten years | 21,257 | 21,129 | |||||||||||||||||||||||||||||||||||
Due after ten years | 17,727 | 17,672 | |||||||||||||||||||||||||||||||||||
Other mortgage-backed (federal agencies) | 79,856 | 79,734 | |||||||||||||||||||||||||||||||||||
Due in one year or less | - | - | |||||||||||||||||||||||||||||||||||
Due after one year through five years | 18,606 | 18,574 | |||||||||||||||||||||||||||||||||||
Due after five years through ten years | 15,620 | 15,776 | |||||||||||||||||||||||||||||||||||
Due after ten years | 2,034 | 2,000 | |||||||||||||||||||||||||||||||||||
SBA loan-backed (federal agency) | 36,260 | 36,350 | |||||||||||||||||||||||||||||||||||
Due in one year or less | 3,083 | 3,122 | |||||||||||||||||||||||||||||||||||
Due after one year through five years | 74,142 | 73,962 | |||||||||||||||||||||||||||||||||||
Due after five years through ten years | 119,950 | 117,826 | |||||||||||||||||||||||||||||||||||
Due after ten years | 19,761 | 19,672 | |||||||||||||||||||||||||||||||||||
Total investment securities available for sale | $ | 216,936 | $ | 214,582 | |||||||||||||||||||||||||||||||||
Schedule of Available-for-sale Securities Pledged as Collateral [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||||||
Municipal and other secured deposits | $ | 81,976 | $ | 75,718 | |||||||||||||||||||||||||||||||||
Retail repurchase agreements | 23,911 | 25,626 | |||||||||||||||||||||||||||||||||||
Federal Reserve line of credit | 1,347 | 1,459 | |||||||||||||||||||||||||||||||||||
Correspondent bank lines of credit | 16,940 | 16,788 | |||||||||||||||||||||||||||||||||||
Total investment securities available for sale pledged | $ | 124,174 | $ | 119,591 | |||||||||||||||||||||||||||||||||
Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
For the three months ended September 30, | For the nine months ended September 30, | ||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||||||
Realized gains | $ | - | $ | 3 | $ | 125 | $ | 395 | |||||||||||||||||||||||||||||
Realized losses | - | (47 | ) | (40 | ) | (108 | ) | ||||||||||||||||||||||||||||||
Total investment securities gains (losses), net | $ | - | $ | (44 | ) | $ | 85 | $ | 287 | ||||||||||||||||||||||||||||
Trading, Municipal Bonds [Member] | ' | ||||||||||||||||||||||||||||||||||||
Note 3 - Trading Account Assets (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||||
Moody's Ratings | |||||||||||||||||||||||||||||||||||||
Aaa | 9 | % | |||||||||||||||||||||||||||||||||||
Aa1 - Aa3 | 44 | ||||||||||||||||||||||||||||||||||||
A1 - A3 | 26 | ||||||||||||||||||||||||||||||||||||
Not rated | 21 | ||||||||||||||||||||||||||||||||||||
Total | 100 | % | |||||||||||||||||||||||||||||||||||
Standard and | |||||||||||||||||||||||||||||||||||||
Poor's Ratings | |||||||||||||||||||||||||||||||||||||
AAA | 11 | % | |||||||||||||||||||||||||||||||||||
AA+ - AA- | 54 | ||||||||||||||||||||||||||||||||||||
A+ - A- | 24 | ||||||||||||||||||||||||||||||||||||
Not rated | 11 | % | |||||||||||||||||||||||||||||||||||
Total | 100 |
Note_5_Loans_Tables
Note 5 - Loans (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
Note 5 - Loans (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||
Schedule of Gross Loans and Commercial Loans [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||
Total | % of total | Total | % of total | ||||||||||||||||||||||||||||||
Commercial real estate | $ | 446,248 | 57.4 | % | $ | 455,452 | 59.4 | % | |||||||||||||||||||||||||
Single-family residential | 193,874 | 25 | 178,125 | 23.2 | |||||||||||||||||||||||||||||
Commercial and industrial | 73,563 | 9.5 | 73,078 | 9.5 | |||||||||||||||||||||||||||||
Consumer | 53,071 | 6.8 | 50,099 | 6.5 | |||||||||||||||||||||||||||||
Other | 10,191 | 1.3 | 10,759 | 1.4 | |||||||||||||||||||||||||||||
Loans, gross | $ | 776,947 | 100 | % | $ | 767,513 | 100 | % | |||||||||||||||||||||||||
Summary of Loans Secured by Commercial Real Estate [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Total commercial | % of gross loans | % of Bank's | |||||||||||||||||||||||||||||||
real estate loans | total regulatory | ||||||||||||||||||||||||||||||||
capital | |||||||||||||||||||||||||||||||||
Secured by commercial real estate | |||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 48,745 | 6.3 | % | 34.8 | % | |||||||||||||||||||||||||||
Multifamily residential | 17,970 | 2.3 | 12.8 | ||||||||||||||||||||||||||||||
Nonfarm nonresidential | 379,533 | 48.8 | 270.8 | ||||||||||||||||||||||||||||||
Total loans secured by commercial real estate | $ | 446,248 | 57.4 | % | 318.4 | % | |||||||||||||||||||||||||||
Summary of Loans Secured by Commercial Real Estate by Category [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Total commercial | % of gross loans | % of Bank's | |||||||||||||||||||||||||||||||
real estate loans | total regulatory | ||||||||||||||||||||||||||||||||
capital | |||||||||||||||||||||||||||||||||
Development commercial real estate loans | |||||||||||||||||||||||||||||||||
Secured by: | |||||||||||||||||||||||||||||||||
Land - unimproved (commercial or residential) | $ | 14,535 | 1.9 | % | 10.4 | % | |||||||||||||||||||||||||||
Land development - commercial | 6,002 | 0.8 | 4.3 | ||||||||||||||||||||||||||||||
Land development - residential | 7,815 | 1 | 5.6 | ||||||||||||||||||||||||||||||
Commercial construction: | |||||||||||||||||||||||||||||||||
Retail | 3,976 | 0.5 | 2.8 | ||||||||||||||||||||||||||||||
Multifamily | 130 | - | 0.1 | ||||||||||||||||||||||||||||||
Total development commercial real estate loans | 32,458 | 4.2 | 23.2 | ||||||||||||||||||||||||||||||
Existing and other commercial real estate loans | |||||||||||||||||||||||||||||||||
Secured by: | |||||||||||||||||||||||||||||||||
Hotel / motel | 52,413 | 6.7 | 37.4 | ||||||||||||||||||||||||||||||
Retail | 28,660 | 3.7 | 20.5 | ||||||||||||||||||||||||||||||
Office | 23,589 | 3 | 16.8 | ||||||||||||||||||||||||||||||
Multifamily | 17,970 | 2.3 | 12.8 | ||||||||||||||||||||||||||||||
Industrial and warehouse | 6,076 | 0.8 | 4.3 | ||||||||||||||||||||||||||||||
Healthcare | 13,372 | 1.7 | 9.5 | ||||||||||||||||||||||||||||||
Miscellaneous commercial | 103,928 | 13.4 | 74.2 | ||||||||||||||||||||||||||||||
Residential construction - speculative | 65 | - | 0.1 | ||||||||||||||||||||||||||||||
Total existing and other commercial real estate loans | 246,073 | 31.6 | 175.6 | ||||||||||||||||||||||||||||||
Commercial real estate owner-occupied and residential loans | |||||||||||||||||||||||||||||||||
Secured by: | |||||||||||||||||||||||||||||||||
Commercial - owner-occupied | 151,494 | 19.5 | 108.1 | ||||||||||||||||||||||||||||||
Commercial construction - owner-occupied | 6,866 | 0.9 | 4.9 | ||||||||||||||||||||||||||||||
Residential construction - contract | 9,357 | 1.2 | 6.6 | ||||||||||||||||||||||||||||||
Total commercial real estate owner-occupied and residential loans | 167,717 | 21.6 | 119.6 | ||||||||||||||||||||||||||||||
Total loans secured by commercial real estate | $ | 446,248 | 57.4 | % | 318.4 | % | |||||||||||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
30-89 days past due and still accruing | Greater than 90 days past due and still accruing | Greater than 90 days past due and not accruing (nonaccrual) | Total | Current | Loans, | ||||||||||||||||||||||||||||
past due | gross | ||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 89 | $ | - | $ | 1,205 | $ | 1,294 | $ | 47,451 | $ | 48,745 | |||||||||||||||||||||
Multifamily residential | - | - | - | - | 17,970 | 17,970 | |||||||||||||||||||||||||||
Nonfarm nonresidential | 1,421 | - | 9,194 | 10,615 | 368,918 | 379,533 | |||||||||||||||||||||||||||
Total commercial real estate | 1,510 | - | 10,399 | 11,909 | 434,339 | 446,248 | |||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | 454 | - | 790 | 1,244 | 75,127 | 76,371 | |||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 261 | 243 | 2,092 | 2,596 | 111,988 | 114,584 | |||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 21 | - | 85 | 106 | 2,813 | 2,919 | |||||||||||||||||||||||||||
Total single-family residential | 736 | 243 | 2,967 | 3,946 | 189,928 | 193,874 | |||||||||||||||||||||||||||
Commercial and industrial | 994 | - | 1,122 | 2,116 | 71,447 | 73,563 | |||||||||||||||||||||||||||
Indirect automobile | 176 | - | 104 | 280 | 41,971 | 42,251 | |||||||||||||||||||||||||||
All other consumer | 26 | - | 19 | 45 | 10,775 | 10,820 | |||||||||||||||||||||||||||
Total consumer | 202 | - | 123 | 325 | 52,746 | 53,071 | |||||||||||||||||||||||||||
Farmland | - | - | - | - | 3,689 | 3,689 | |||||||||||||||||||||||||||
Obligations of states and political subdivisions of the U.S. | - | - | - | - | 435 | 435 | |||||||||||||||||||||||||||
Other | - | - | - | - | 6,067 | 6,067 | |||||||||||||||||||||||||||
Total other | - | - | - | - | 10,191 | 10,191 | |||||||||||||||||||||||||||
Loans, gross | $ | 3,442 | $ | 243 | $ | 14,611 | $ | 18,296 | $ | 758,651 | $ | 776,947 | |||||||||||||||||||||
30-89 days past | Greater than 90 | Total past due | Current | Loans, gross | |||||||||||||||||||||||||||||
due and still | days past due and | ||||||||||||||||||||||||||||||||
accruing | not accruing | ||||||||||||||||||||||||||||||||
(nonaccrual) | |||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
Indirect automobile | 294 | 210 | 504 | 38,220 | 38,724 | ||||||||||||||||||||||||||||
All other consumer | 41 | 26 | 67 | 11,308 | 11,375 | ||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||
Schedule of Composition of Troubled Debt Restructuring Impaired Loans [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||
Performing | $ | 16,065 | $ | 26,744 | |||||||||||||||||||||||||||||
Nonperforming | 5,283 | 2,184 | |||||||||||||||||||||||||||||||
Total troubled debt restructurings | $ | 21,348 | $ | 28,928 | |||||||||||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||
Performing troubled debt restructured loans | $ | 16,065 | $ | 26,744 | |||||||||||||||||||||||||||||
Nonperforming troubled debt restructured loans | 5,283 | 2,184 | |||||||||||||||||||||||||||||||
Nonperforming other loans | 4,244 | 6,580 | |||||||||||||||||||||||||||||||
Performing other loans | 14,888 | 9,187 | |||||||||||||||||||||||||||||||
Total impaired loans | $ | 40,480 | $ | 44,695 | |||||||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
For the three months ended | For the nine months ended | ||||||||||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||
Carrying balance | $ | - | $ | - | $ | 7,499 | $ | 5,842 | |||||||||||||||||||||||||
Count | - | - | 4 | 8 | |||||||||||||||||||||||||||||
Schedule of Modified Troubled Debt Restructuring Loans [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
For the three months ended September 30, | For the nine months ended September 30, | ||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||
Number of loans | Recorded investment | Number of loans | Recorded investment | Number of loans | Recorded investment | Number of loans | Recorded investment | ||||||||||||||||||||||||||
Construction, land development and other land loans | - | $ | - | - | $ | - | - | $ | - | 1 | $ | 56 | |||||||||||||||||||||
Nonfarm nonresidential | - | - | - | - | 2 | 2,597 | - | - | |||||||||||||||||||||||||
Total commercial real estate | - | - | - | - | 2 | 2,597 | 1 | 56 | |||||||||||||||||||||||||
Single-family real estate | - | - | 1 | 404 | - | - | 1 | 404 | |||||||||||||||||||||||||
Commercial and industrial | - | - | 1 | 127 | 1 | 236 | 1 | 127 | |||||||||||||||||||||||||
Loans, gross | - | $ | - | 2 | $ | 531 | 3 | $ | 2,833 | 3 | $ | 587 | |||||||||||||||||||||
Schedule of Composition of Impaired Loans by Class [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Loans, gross | |||||||||||||||||||||||||||||||||
Recorded | Unpaid | Related allowance | |||||||||||||||||||||||||||||||
investment | principal | ||||||||||||||||||||||||||||||||
balance | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 707 | $ | 1,236 | |||||||||||||||||||||||||||||
Multifamily residential | - | - | |||||||||||||||||||||||||||||||
Nonfarm nonresidential | 19,535 | 19,775 | |||||||||||||||||||||||||||||||
Total commercial real estate | 20,242 | 21,011 | |||||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | 333 | 333 | |||||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 620 | 1,901 | |||||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 25 | 25 | |||||||||||||||||||||||||||||||
Total single-family residential | 978 | 2,259 | |||||||||||||||||||||||||||||||
Commercial and industrial | 359 | 359 | |||||||||||||||||||||||||||||||
Consumer | - | - | |||||||||||||||||||||||||||||||
Total impaired loans with no related allowance recorded | $ | 21,579 | $ | 23,629 | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 172 | $ | 172 | $ | 30 | |||||||||||||||||||||||||||
Multifamily residential | - | - | - | ||||||||||||||||||||||||||||||
Nonfarm nonresidential | 17,155 | 23,177 | 2,085 | ||||||||||||||||||||||||||||||
Total commercial real estate | 17,327 | 23,349 | 2,115 | ||||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | - | - | - | ||||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 247 | 247 | 28 | ||||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 107 | 107 | 42 | ||||||||||||||||||||||||||||||
Total single-family residential | 354 | 354 | 70 | ||||||||||||||||||||||||||||||
Commercial and industrial | 1,205 | 2,504 | 288 | ||||||||||||||||||||||||||||||
Consumer | 15 | 15 | 3 | ||||||||||||||||||||||||||||||
Total impaired loans with an allowance recorded | $ | 18,901 | $ | 26,222 | $ | 2,476 | |||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 879 | $ | 1,408 | $ | 30 | |||||||||||||||||||||||||||
Multifamily residential | - | - | - | ||||||||||||||||||||||||||||||
Nonfarm nonresidential | 36,690 | 42,952 | 2,085 | ||||||||||||||||||||||||||||||
Total commercial real estate | 37,569 | 44,360 | 2,115 | ||||||||||||||||||||||||||||||
Single-family real estate, revolving, open-end loans | 333 | 333 | - | ||||||||||||||||||||||||||||||
Single-family real estate, closed-end, first lien | 867 | 2,148 | 28 | ||||||||||||||||||||||||||||||
Single-family real estate, closed-end, junior lien | 132 | 132 | 42 | ||||||||||||||||||||||||||||||
Total single-family residential | 1,332 | 2,613 | 70 | ||||||||||||||||||||||||||||||
Commercial and industrial | 1,564 | 2,863 | 288 | ||||||||||||||||||||||||||||||
Consumer | 15 | 15 | 3 | ||||||||||||||||||||||||||||||
Total impaired loans | $ | 40,480 | $ | 49,851 | $ | 2,476 | |||||||||||||||||||||||||||
Loans, gross | |||||||||||||||||||||||||||||||||
Recorded | Unpaid | Related | |||||||||||||||||||||||||||||||
investment | principal | allowance | |||||||||||||||||||||||||||||||
balance | |||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
For the three months ended September 30, 2014 | |||||||||||||||||||||||||||||||||
Commercial | Single-family | Commercial and | |||||||||||||||||||||||||||||||
real estate | residential | industrial | Consumer | Other | Total | ||||||||||||||||||||||||||||
Allowance for loan losses, beginning of period | $ | 10,259 | $ | 3,112 | $ | 1,083 | $ | 915 | $ | 227 | $ | 15,596 | |||||||||||||||||||||
Provision for loan losses | (436 | ) | (374 | ) | 231 | 61 | 18 | (500 | ) | ||||||||||||||||||||||||
Loan charge-offs | 150 | 331 | 33 | 49 | 158 | 721 | |||||||||||||||||||||||||||
Loan recoveries | 61 | 840 | 11 | 10 | 69 | 991 | |||||||||||||||||||||||||||
Net loans charged-off (recovered) | 89 | (509 | ) | 22 | 39 | 89 | (270 | ) | |||||||||||||||||||||||||
Allowance for loan losses, end of period | $ | 9,734 | $ | 3,247 | $ | 1,292 | $ | 937 | $ | 156 | $ | 15,366 | |||||||||||||||||||||
For the nine months ended September 30, 2014 | |||||||||||||||||||||||||||||||||
Commercial | Single-family | Commercial and | |||||||||||||||||||||||||||||||
real estate | residential | industrial | Consumer | Other | Total | ||||||||||||||||||||||||||||
Allowance for loan losses, beginning of period | $ | 10,565 | $ | 3,124 | $ | 1,682 | $ | 1,118 | $ | (4 | ) | $ | 16,485 | ||||||||||||||||||||
Provision for loan losses | (214 | ) | (302 | ) | (247 | ) | (84 | ) | 347 | (500 | ) | ||||||||||||||||||||||
Loan charge-offs | 929 | 520 | 178 | 159 | 425 | 2,211 | |||||||||||||||||||||||||||
Loan recoveries | 312 | 945 | 35 | 62 | 238 | 1,592 | |||||||||||||||||||||||||||
Net loans charged-off (recovered) | 617 | (425 | ) | 143 | 97 | 187 | 619 | ||||||||||||||||||||||||||
Allowance for loan losses, end of period | $ | 9,734 | $ | 3,247 | $ | 1,292 | $ | 937 | $ | 156 | $ | 15,366 | |||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||
Commercial | Single-family | Commercial and | |||||||||||||||||||||||||||||||
real estate | residential | industrial | Consumer | Other | Total | ||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 2,115 | $ | 70 | $ | 288 | $ | 3 | $ | - | $ | 2,476 | |||||||||||||||||||||
Collectively evaluated for impairment | 7,619 | 3,177 | 1,004 | 934 | 156 | 12,890 | |||||||||||||||||||||||||||
Allowance for loan losses, end of period | $ | 9,734 | $ | 3,247 | $ | 1,292 | $ | 937 | $ | 156 | $ | 15,366 | |||||||||||||||||||||
Individually evaluated for impairment | $ | 37,569 | $ | 1,332 | $ | 1,564 | $ | 15 | $ | - | $ | 40,480 | |||||||||||||||||||||
Collectively evaluated for impairment | 408,679 | 192,542 | 71,999 | 53,056 | 10,191 | 736,467 | |||||||||||||||||||||||||||
Loans, gross | $ | 446,248 | $ | 193,874 | $ | 73,563 | $ | 53,071 | $ | 10,191 | $ | 776,947 | |||||||||||||||||||||
For the three months ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Commercial | Single-family | Commercial and | |||||||||||||||||||||||||||||||
real estate | residential | industrial | Consumer | Other | Total | ||||||||||||||||||||||||||||
Allowance for loan losses, beginning of period | $ | 11,029 | $ | 3,018 | $ | 2,139 | $ | 1,025 | $ | 7 | $ | 17,218 | |||||||||||||||||||||
Provision for loan losses | 562 | 214 | (254 | ) | 50 | 73 | 645 | ||||||||||||||||||||||||||
Loan charge-offs | 526 | 179 | 472 | 58 | 151 | 1,386 | |||||||||||||||||||||||||||
Loan recoveries | 40 | 28 | 44 | 36 | 81 | 229 | |||||||||||||||||||||||||||
Net loans charged-off | 486 | 151 | 428 | 22 | 70 | 1,157 | |||||||||||||||||||||||||||
Allowance for loan losses, end of period | $ | 11,105 | $ | 3,081 | $ | 1,457 | $ | 1,053 | $ | 10 | $ | 16,706 | |||||||||||||||||||||
For the nine months ended September 30, 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 | (36 | ) | 465 | 960 | 68 | 208 | 1,665 | ||||||||||||||||||||||||||
Loan charge-offs | 1,284 | 611 | 846 | 219 | 501 | 3,461 | |||||||||||||||||||||||||||
Loan recoveries | 108 | 87 | 79 | 111 | 292 | 677 | |||||||||||||||||||||||||||
Net loans charged-off | 1,176 | 524 | 767 | 108 | 209 | 2,784 | |||||||||||||||||||||||||||
Allowance for loan losses, end of period | $ | 11,105 | $ | 3,081 | $ | 1,457 | $ | 1,053 | $ | 10 | $ | 16,706 | |||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Commercial | Single-family | Commercial and | |||||||||||||||||||||||||||||||
real estate | residential | industrial | Consumer | Other | Total | ||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,952 | $ | 195 | $ | 17 | $ | 4 | $ | - | $ | 2,168 | |||||||||||||||||||||
Collectively evaluated for impairment | 9,153 | 2,886 | 1,440 | 1,049 | 10 | 14,538 | |||||||||||||||||||||||||||
Allowance for loan losses, end of period | $ | 11,105 | $ | 3,081 | $ | 1,457 | $ | 1,053 | $ | 10 | $ | 16,706 | |||||||||||||||||||||
Individually evaluated for impairment | $ | 40,224 | $ | 2,633 | $ | 1,294 | $ | 34 | $ | - | $ | 44,185 | |||||||||||||||||||||
Collectively evaluated for impairment | 414,834 | 172,060 | 65,803 | 49,362 | 10,570 | 712,629 | |||||||||||||||||||||||||||
Loans, gross | $ | 455,058 | $ | 174,693 | $ | 67,097 | $ | 49,396 | $ | 10,570 | $ | 756,814 | |||||||||||||||||||||
Commercial and Industrial [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 | Total commercial real | ||||||||||||||||||||||||||||||
estate | |||||||||||||||||||||||||||||||||
Grade 1 | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||||||||
Grade 2 | - | - | - | - | |||||||||||||||||||||||||||||
Grade 3 | 2,747 | 8,950 | 76,742 | 88,439 | |||||||||||||||||||||||||||||
Grade 4 | 17,533 | 1,180 | 178,794 | 197,507 | |||||||||||||||||||||||||||||
Grade W | 9,991 | 7,815 | 79,065 | 96,871 | |||||||||||||||||||||||||||||
Grade 5 | 149 | - | 16,512 | 16,661 | |||||||||||||||||||||||||||||
Grade 6 | 1,938 | - | 26,866 | 28,804 | |||||||||||||||||||||||||||||
Grade 7 | 544 | - | 1,554 | 2,098 | |||||||||||||||||||||||||||||
Not risk rated* | 15,843 | 25 | - | 15,868 | |||||||||||||||||||||||||||||
Total | $ | 48,745 | $ | 17,970 | $ | 379,533 | $ | 446,248 | |||||||||||||||||||||||||
Commercial and | |||||||||||||||||||||||||||||||||
industrial | |||||||||||||||||||||||||||||||||
Grade 1 | $ | 803 | |||||||||||||||||||||||||||||||
Grade 2 | 1,588 | ||||||||||||||||||||||||||||||||
Grade 3 | 11,883 | ||||||||||||||||||||||||||||||||
Grade 4 | 51,683 | ||||||||||||||||||||||||||||||||
Grade W | 4,063 | ||||||||||||||||||||||||||||||||
Grade 5 | 335 | ||||||||||||||||||||||||||||||||
Grade 6 | 2,751 | ||||||||||||||||||||||||||||||||
Grade 7 | 415 | ||||||||||||||||||||||||||||||||
Not risk rated | 42 | ||||||||||||||||||||||||||||||||
Total | $ | 73,563 | |||||||||||||||||||||||||||||||
Construction, land | Multifamily residential | Nonfarm nonresidential | Total commercial real | ||||||||||||||||||||||||||||||
development and other | estate | ||||||||||||||||||||||||||||||||
land loans | |||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||
Mortgage, Consumer and Other Loans [Member] | ' | ||||||||||||||||||||||||||||||||
Note 5 - Loans (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Single-family | Single-family | Single-family | Total single-family | ||||||||||||||||||||||||||||||
residential revolving, | residential closed-end, | residential closed-end, | residential loans | ||||||||||||||||||||||||||||||
open-end loans | first lien | junior lien | |||||||||||||||||||||||||||||||
Performing | $ | 75,581 | $ | 112,492 | $ | 2,834 | $ | 190,907 | |||||||||||||||||||||||||
Nonperforming | 790 | 2,092 | 85 | 2,967 | |||||||||||||||||||||||||||||
Total | $ | 76,371 | $ | 114,584 | $ | 2,919 | $ | 193,874 | |||||||||||||||||||||||||
Indirect automobile | All other consumer | Total consumer | |||||||||||||||||||||||||||||||
Performing | $ | 42,147 | $ | 10,801 | $ | 52,948 | |||||||||||||||||||||||||||
Nonperforming | 104 | 19 | 123 | ||||||||||||||||||||||||||||||
Total | $ | 42,251 | $ | 10,820 | $ | 53,071 | |||||||||||||||||||||||||||
Other | |||||||||||||||||||||||||||||||||
Performing | $ | 10,191 | |||||||||||||||||||||||||||||||
Nonperforming | - | ||||||||||||||||||||||||||||||||
Total | $ | 10,191 | |||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||
Indirect automobile | All other consumer | Total consumer | |||||||||||||||||||||||||||||||
Performing | $ | 38,514 | $ | 11,349 | $ | 49,863 | |||||||||||||||||||||||||||
Nonperforming | 210 | 26 | 236 | ||||||||||||||||||||||||||||||
Total | $ | 38,724 | $ | 11,375 | $ | 50,099 | |||||||||||||||||||||||||||
Other | |||||||||||||||||||||||||||||||||
Performing | $ | 10,759 | |||||||||||||||||||||||||||||||
Nonperforming | - | ||||||||||||||||||||||||||||||||
Total | $ | 10,759 | |||||||||||||||||||||||||||||||
Three Months Ended [Member] | ' | ||||||||||||||||||||||||||||||||
Note 5 - Loans (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||
Schedule of Loans Modified [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
For the three months ended September 30, | |||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
Nonfarm nonresidential | - | $ | - | $ | - | 1 | $ | 480 | $ | 480 | |||||||||||||||||||||||
Total commercial real estate | - | - | - | 1 | 480 | 480 | |||||||||||||||||||||||||||
Commercial and industrial | - | - | - | 1 | 241 | 241 | |||||||||||||||||||||||||||
Loans, gross | - | $ | - | $ | - | 2 | $ | 721 | $ | 721 | |||||||||||||||||||||||
For the three months ended September 30, | |||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
Term concession | - | $ | - | $ | - | 2 | $ | 721 | $ | 721 | |||||||||||||||||||||||
Loans, gross | - | $ | - | $ | - | 2 | $ | 721 | $ | 721 | |||||||||||||||||||||||
Nine Months Ended [Member] | ' | ||||||||||||||||||||||||||||||||
Note 5 - Loans (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||
Schedule of Loans Modified [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
For the nine months ended September 30, | |||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||
Nonfarm nonresidential | 1 | 883 | 883 | 3 | 3,099 | 3,099 | |||||||||||||||||||||||||||
Total commercial real estate | 1 | 883 | 883 | 4 | 3,159 | 3,159 | |||||||||||||||||||||||||||
Commercial and industrial | 3 | 2,665 | 1,365 | 1 | 241 | 241 | |||||||||||||||||||||||||||
Loans, gross | 4 | $ | 3,548 | $ | 2,248 | 5 | $ | 3,400 | $ | 3,400 | |||||||||||||||||||||||
For the nine months ended September 30, | |||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||
Term concession | 1 | 883 | 883 | 4 | 3,340 | 3,340 | |||||||||||||||||||||||||||
Term and principal concessions | 3 | 2,665 | 1,365 | - | - | - | |||||||||||||||||||||||||||
Loans, gross | 4 | $ | 3,548 | $ | 2,248 | 5 | $ | 3,400 | $ | 3,400 |
Note_6_Other_Loans_Held_for_Sa1
Note 6 - Other Loans Held for Sale and Valuation Allowance (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Loans Held For Sale And Valuation Allowance [Abstract] | ' | ||||||||
Other Loans Held-for-sale and Valuation Allowance Disclosure [Table Text Block] | ' | ||||||||
At and for the nine months ended | |||||||||
September 30, | |||||||||
2014 | 2013 | ||||||||
Other loans held for sale, net of valuation allowance, beginning of period | $ | - | $ | 776 | |||||
SBA loans transferred to other loans held for sale | 1,166 | 2,015 | |||||||
Proceeds from sales of SBA loans | (1,236 | ) | (2,222 | ) | |||||
Gain on sale of SBA loans | 70 | 207 | |||||||
SBA loan activity, net | - | - | |||||||
Proceeds from sales of other loans held for sale | - | (1,102 | ) | ||||||
Gain on sale of other loans held for sale | - | 326 | |||||||
Other loans held for sale activity, net | - | (776 | ) | ||||||
Other loans held for sale, net of valuation allowance, end of period | $ | - | $ | - | |||||
At and for the nine months ended | |||||||||
September 30, | |||||||||
2014 | 2013 | ||||||||
Valuation allowance, beginning of period | $ | - | $ | 1,512 | |||||
Reduction resulting from sales of other loans held for sale | - | (1,512 | ) | ||||||
Valuation allowance, end of period | $ | - | $ | - |
Note_7_Premises_and_Equipment_1
Note 7 - Premises and Equipment, net (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||
September 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
Land | $ | 5,521 | $ | 5,521 | |||||
Buildings | 19,461 | 19,395 | |||||||
Leasehold improvements | 3,774 | 3,746 | |||||||
Furniture and equipment | 13,476 | 13,259 | |||||||
Software | 5,554 | 5,344 | |||||||
Bank automobiles | 95 | 95 | |||||||
Capital lease asset | 556 | 1,396 | |||||||
Premises and equipment, gross | $ | 48,437 | $ | 48,756 | |||||
Accumulated depreciation | (26,204 | ) | (25,389 | ) | |||||
Premises and equipment, net | $ | 22,233 | $ | 23,367 |
Note_9_Servicing_Rights_Tables
Note 9 - Servicing Rights (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||||||||||
Servicing Asset at Amortized Cost [Table Text Block] | ' | ||||||||||||||||
At and for the three months ended | At and for the nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Mortgage-servicing rights portfolio, net of valuation allowance, beginning of period | $ | 2,384 | $ | 2,449 | $ | 2,431 | $ | 2,545 | |||||||||
Capitalized mortgage-servicing rights | 115 | 193 | 357 | 540 | |||||||||||||
Mortgage-servicing rights portfolio amortization and impairment | (142 | ) | (193 | ) | (431 | ) | (636 | ) | |||||||||
Mortgage-servicing rights portfolio, net of valuation allowance, end of period | $ | 2,357 | $ | 2,449 | $ | 2,357 | $ | 2,449 | |||||||||
At and for the three months ended | At and for the nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
SBA servicing rights portfolio, net of valuation allowance, beginning of period | $ | 87 | $ | 76 | $ | 64 | $ | 39 | |||||||||
Capitalized SBA servicing rights | - | - | 31 | 47 | |||||||||||||
SBA servicing rights portfolio amortization and impairment | (7 | ) | (3 | ) | (15 | ) | (13 | ) | |||||||||
SBA servicing rights portfolio, net of valuation allowance, end of period | $ | 80 | $ | 73 | $ | 80 | $ | 73 | |||||||||
Schedule of Valuation Allowance for Impairment of Recognized Servicing Assets [Table Text Block] | ' | ||||||||||||||||
At and for the three months ended | At and for the nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Valuation allowance, beginning of period | $ | 33 | $ | 82 | $ | 31 | $ | 41 | |||||||||
Reductions credited to operations, net | (10 | ) | (42 | ) | (8 | ) | (1 | ) | |||||||||
Valuation allowance, end of period | $ | 23 | $ | 40 | $ | 23 | $ | 40 | |||||||||
At and for the three months ended September 30, | At and for the nine months ended September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Valuation allowance, beginning of period | $ | 9 | $ | 3 | $ | 8 | $ | - | |||||||||
Additions charged to operations, net | 4 | - | 5 | 3 | |||||||||||||
Valuation allowance, end of period | $ | 13 | $ | 3 | $ | 13 | $ | 3 |
Note_10_Foreclosed_Real_Estate1
Note 10 - Foreclosed Real Estate and Repossessed Personal Property (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Foreclosed Real Estate And Repossessed Personal Property [Abstract] | ' | ||||||||||||||||
Schedule of Foreclosed Real Estate and Repossessed Personal Property [Table Text Block] | ' | ||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
Foreclosed real estate | $ | 6,595 | $ | 7,502 | |||||||||||||
Repossessed personal property | 50 | 43 | |||||||||||||||
Total foreclosed real estate and repossessed personal property | $ | 6,645 | $ | 7,545 | |||||||||||||
Schedule of Changes in Foreclosed Real Estate Portfolio [Table Text Block] | ' | ||||||||||||||||
At and for the three months ended September 30, | At and for the nine months ended September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Foreclosed real estate, beginning of period | $ | 7,335 | $ | 8,296 | $ | 7,502 | $ | 10,911 | |||||||||
Plus: new foreclosed real estate | 165 | 602 | 1,285 | 2,073 | |||||||||||||
Less: proceeds from sale of foreclosed real estate | (283 | ) | (846 | ) | (756 | ) | (2,363 | ) | |||||||||
Plus: gain on sale of foreclosed real estate | 13 | 22 | 63 | 112 | |||||||||||||
Less: writedowns and losses charged to expense | (635 | ) | (146 | ) | (1,499 | ) | (2,805 | ) | |||||||||
Foreclosed real estate, end of period | $ | 6,595 | $ | 7,928 | $ | 6,595 | $ | 7,928 |
Note_12_Deposits_Tables
Note 12 - Deposits (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||
Schedule of Composition of Deposits [Table Text Block] | ' | ||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
Transaction deposits | $ | 531,946 | $ | 494,289 | |||||||||||||
Money market deposits | 139,552 | 136,476 | |||||||||||||||
Savings deposits | 89,406 | 79,760 | |||||||||||||||
Time deposits $100,000 and greater | 69,611 | 79,654 | |||||||||||||||
Time deposits less than $100,000 | 105,774 | 117,181 | |||||||||||||||
Total deposits | $ | 936,289 | $ | 907,360 | |||||||||||||
Schedule of Interest Expense on Deposits [Table Text Block] | ' | ||||||||||||||||
For the three months ended | For the nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Transaction deposits | $ | 11 | $ | 10 | $ | 31 | $ | 29 | |||||||||
Money market deposits | 10 | 8 | 28 | 23 | |||||||||||||
Savings deposits | 2 | 2 | 6 | 7 | |||||||||||||
Time deposits | 101 | 455 | 309 | 1,813 | |||||||||||||
Total interest expense on deposits | $ | 124 | $ | 475 | $ | 374 | $ | 1,872 |
Note_13_Borrowings_Tables
Note 13 - Borrowings (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block] | ' | ||||||||||||
September 30, | December 31, | ||||||||||||
2014 | 2013 | ||||||||||||
Available lendable loan collateral value pledged to serve against FHLB advances | $ | 74,090 | $ | 90,225 | |||||||||
FHLB advances outstanding | - | 35,000 | |||||||||||
Excess lendable collateral value pledged to serve against FHLB advances | $ | 74,090 | $ | 55,225 | |||||||||
Schedule of Line of Credit Facilities [Table Text Block] | ' | ||||||||||||
Secured | Unsecured | Total | |||||||||||
Available facility | $ | 35,000 | $ | 45,000 | $ | 80,000 | |||||||
Count | 3 | 4 | 7 |
Note_14_Shareholders_Equity_Ta
Note 14 - Shareholders' Equity (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||
September 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
Net unrealized loss on investment securities available for sale | $ | (1,460 | ) | $ | (2,990 | ) | |||
Net unrealized defined benefit pension plan actuarial loss | (7,303 | ) | (7,303 | ) | |||||
Total accumulated other comprehensive loss, net of tax | $ | (8,763 | ) | $ | (10,293 | ) | |||
Schedule of Dividends Payable [Table Text Block] | ' | ||||||||
Declaration date | Record date | Payment date | Cash dividend per share | ||||||
7/17/14 | 8/7/14 | 8/18/14 | $ | 0.05 |
Note_16_Benefit_Plans_Tables
Note 16 - Benefit Plans (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Schedule of Net Benefit Costs [Table Text Block] | ' | ||||||||||||||||
For the three months ended | For the nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Interest cost | $ | 273 | $ | 210 | $ | 685 | $ | 631 | |||||||||
Expected return on plan assets | (319 | ) | (283 | ) | (806 | ) | (850 | ) | |||||||||
Amortization of net actuarial loss | 197 | 243 | 573 | 728 | |||||||||||||
Net periodic pension expense | $ | 151 | $ | 170 | $ | 452 | $ | 509 | |||||||||
Schedule of Allocation of Plan Assets [Table Text Block] | ' | ||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
Cash and cash equivalents | $ | 5,326 | $ | 4,440 | |||||||||||||
U.S. government and agency securities | - | 549 | |||||||||||||||
Municipal securities | - | 470 | |||||||||||||||
Corporate bonds | - | 3,398 | |||||||||||||||
Mutual funds | 912 | 3,596 | |||||||||||||||
Corporate stocks | 1,066 | 3,329 | |||||||||||||||
Exchange traded funds | 9,142 | 287 | |||||||||||||||
Foreign equities | 166 | 694 | |||||||||||||||
Accrued interest receivable | 1 | 30 | |||||||||||||||
Other | 4 | 5 | |||||||||||||||
Total Pension Plan assets | $ | 16,617 | $ | 16,798 | |||||||||||||
Schedule of Defined Benefit Pension Plan Assets Fair Value Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
Level 1 | $ | 6,397 | $ | 7,804 | |||||||||||||
Level 2 | 10,220 | 8,994 | |||||||||||||||
Level 3 | - | - | |||||||||||||||
Total Pension Plan assets | $ | 16,617 | $ | 16,798 |
Note_17_Equity_Based_Compensat1
Note 17 - Equity Based Compensation (Tables) | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | |||||||||||||||||||||||||||
Stock options | Weighted- | |||||||||||||||||||||||||||
outstanding | average | |||||||||||||||||||||||||||
exercise price | ||||||||||||||||||||||||||||
per share | ||||||||||||||||||||||||||||
Outstanding, December 31, 2013 | 6,450 | $ | 103.89 | |||||||||||||||||||||||||
Forfeited | (1,250 | ) | 109.2 | |||||||||||||||||||||||||
Expired | (2,250 | ) | 93.2 | |||||||||||||||||||||||||
Outstanding, September 30, 2014 | 2,950 | 109.8 | ||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block] | ' | |||||||||||||||||||||||||||
Weighted- | Number of stock | Weighted- | ||||||||||||||||||||||||||
average | options outstanding and | average | ||||||||||||||||||||||||||
exercise | exercisable | remaining | ||||||||||||||||||||||||||
price | contractual life | |||||||||||||||||||||||||||
(years) | ||||||||||||||||||||||||||||
$ | 106.4 | 250 | 0.3 | |||||||||||||||||||||||||
109.2 | 2,500 | 1.67 | ||||||||||||||||||||||||||
121.6 | 200 | 2.3 | ||||||||||||||||||||||||||
Total | 2,950 | 1.6 | ||||||||||||||||||||||||||
Schedule of Share-based Compensation, Activity [Table Text Block] | ' | |||||||||||||||||||||||||||
Total shares | Stock options outstanding | Weighted- | Shares of | Weighted- | ||||||||||||||||||||||||
average | restricted stock | average grant | ||||||||||||||||||||||||||
exercise price | date fair value per share | |||||||||||||||||||||||||||
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 | - | - | ||||||||||||||||||||||
2014 Grants | 14,451 | 4,000 | 12.96 | 10,451 | 13.07 | |||||||||||||||||||||||
2014 Forfeitures | (625 | ) | - | - | (625 | ) | 6.5 | |||||||||||||||||||||
Granted, net of forfeitures, September 30, 2014 | 503,084 | 115,833 | ||||||||||||||||||||||||||
Outstanding, September 30, 2014 | 376,001 | 10.52 | ||||||||||||||||||||||||||
Total shares available for grant under the 2011 Plan | 700,000 | |||||||||||||||||||||||||||
Remaining shares available for grant, September 30, 2014 | 196,916 | |||||||||||||||||||||||||||
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | ' | |||||||||||||||||||||||||||
Shares of | ||||||||||||||||||||||||||||
restricted | ||||||||||||||||||||||||||||
stock | ||||||||||||||||||||||||||||
Unvested, December 31, 2013 | 103,507 | |||||||||||||||||||||||||||
Grants | 10,451 | |||||||||||||||||||||||||||
Forfeited | (625 | ) | ||||||||||||||||||||||||||
Vested | (36,870 | ) | ||||||||||||||||||||||||||
Unvested, September 30, 2014 | 76,463 | |||||||||||||||||||||||||||
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] | ' | |||||||||||||||||||||||||||
Options outstanding | Options exercisable | |||||||||||||||||||||||||||
Weighted- | Number of | Weighted- | Value of | Number of | Weighted- | Value of | ||||||||||||||||||||||
average | stock options | average | outstanding in-the- | stock options | average | exercisable in-the- | ||||||||||||||||||||||
exercise | remaining | money stock | remaining | money stock | ||||||||||||||||||||||||
price | contractual life | options | contractual life | options | ||||||||||||||||||||||||
(years) | (years) | |||||||||||||||||||||||||||
$ | 10.4 | 312,501 | 6.63 | $ | 1,168,754 | 104,167 | 6.63 | $ | 389,585 | |||||||||||||||||||
11 | 59,500 | 6.8 | 186,830 | 14,750 | 6.8 | 46,315 | ||||||||||||||||||||||
12.96 | 4,000 | 9.39 | 4,720 | - | - | - | ||||||||||||||||||||||
Total | 376,001 | 6.69 | $ | 1,360,304 | 118,917 | 6.65 | $ | 435,900 | ||||||||||||||||||||
Schedule of Share-based Payment Award Restricted Stock Units Valuation Assumptions [Table Text Block] | ' | |||||||||||||||||||||||||||
2014 grant | ||||||||||||||||||||||||||||
Option exercise price, per share | $ | 12.96 | ||||||||||||||||||||||||||
Fair value of stock option awards granted, per share | $ | 6.87 | ||||||||||||||||||||||||||
Expected dividend yield | - | % | ||||||||||||||||||||||||||
Expected volatility | 50 | |||||||||||||||||||||||||||
Risk-free interest rate | 2.19 | |||||||||||||||||||||||||||
Expected term (years) | 7 | |||||||||||||||||||||||||||
Vesting period (years) | 3 | |||||||||||||||||||||||||||
Share-based Compensation Expense Charged Against Pretax Loss Under Restricted Stock and Stock Option Award [Table Text Block] | ' | |||||||||||||||||||||||||||
For the three months ended | For the nine months ended | |||||||||||||||||||||||||||
September 30, | September 30, | |||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||
Compensation expense | ||||||||||||||||||||||||||||
1997 Plan | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||
2008 Plan | 11 | 67 | 73 | 269 | ||||||||||||||||||||||||
2011 Plan | 156 | 196 | 531 | 627 | ||||||||||||||||||||||||
Total equity-based compensation expense | $ | 167 | $ | 263 | $ | 604 | $ | 896 | ||||||||||||||||||||
Income tax benefit | $ | 61 | $ | - | $ | 222 | $ | - |
Note_18_Average_Share_Informat1
Note 18 - Average Share Information (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||||||
For the three months ended September 30, | For the nine months ended September 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Basic net income per common share | |||||||||||||||||
Net income applicable to common shareholders | $ | 1,982 | $ | 22,233 | $ | 6,037 | $ | 25,908 | |||||||||
Undistributed earnings allocated to participating securities | (9 | ) | (200 | ) | (42 | ) | (233 | ) | |||||||||
Net income allocated to common shareholders | $ | 1,973 | $ | 22,033 | $ | 5,995 | $ | 25,675 | |||||||||
Average common shares issued and outstanding | 12,710,091 | 12,663,162 | 12,692,006 | 12,655,473 | |||||||||||||
Basic net income per common share | $ | 0.15 | $ | 1.74 | $ | 0.47 | $ | 2.03 | |||||||||
Diluted net income per common share | |||||||||||||||||
Net income applicable to common shareholders | $ | 1,982 | $ | 22,233 | $ | 6,037 | $ | 25,908 | |||||||||
Undistributed earnings allocated to participating securities | (9 | ) | (200 | ) | (42 | ) | (232 | ) | |||||||||
Net income allocated to common shareholders | $ | 1,973 | $ | 22,033 | $ | 5,995 | $ | 25,676 | |||||||||
Average common shares issued and outstanding | 12,710,091 | 12,663,162 | 12,692,006 | 12,655,473 | |||||||||||||
Dilutive potential common shares (1) | 61,543 | 11,581 | 49,970 | - | |||||||||||||
Total diluted average common shares issued and outstanding | 12,771,634 | 12,674,743 | 12,741,976 | 12,655,473 | |||||||||||||
Diluted net income per common share | $ | 0.15 | $ | 1.74 | $ | 0.47 | $ | 2.03 |
Note_19_Commitments_Guarantees1
Note 19 - Commitments, Guarantees and Other Contingencies (Tables) | 9 Months Ended | ||||
Sep. 30, 2014 | |||||
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 | $ | 65,491 | |||
Commercial real estate, construction and land development loans secured by real estate | |||||
Single-family residential construction loans | 7,122 | ||||
Commercial real estate, other construction loans, and land development loans | 25,050 | ||||
Commercial and industrial loans | 42,156 | ||||
Overdraft protection loans | 30,538 | ||||
Other | 16,910 | ||||
Total commitments to extend credit | $ | 187,267 |
Note_21_Disclosures_Regarding_1
Note 21 - Disclosures Regarding Fair Value (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||
30-Sep-14 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets | |||||||||||||||||
Trading account assets | $ | 655 | $ | 4,803 | $ | - | $ | 5,458 | |||||||||
Investment securities available for sale | |||||||||||||||||
U.S. agency | - | 1,925 | - | 1,925 | |||||||||||||
State and municipal | - | 5,763 | - | 5,763 | |||||||||||||
Collateralized mortgage obligations (federal agencies) | 1,079 | 89,731 | - | 90,810 | |||||||||||||
Other mortgage-backed (federal agencies) | 1,300 | 78,434 | - | 79,734 | |||||||||||||
SBA loan-backed (federal agency) | 20,825 | 15,525 | - | 36,350 | |||||||||||||
Derivative financial instruments | - | 9 | - | 9 | |||||||||||||
Total assets measured at fair value on a recurring basis | $ | 23,859 | $ | 196,190 | $ | - | $ | 220,049 | |||||||||
Liabilities | |||||||||||||||||
Derivative financial instruments | $ | - | $ | 2 | $ | - | $ | 2 | |||||||||
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 | |||||||||
Fair Value Measurements, Nonrecurring [Table Text Block] | ' | ||||||||||||||||
30-Sep-14 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets | |||||||||||||||||
Mortgage loans held for sale | $ | - | $ | 268 | $ | - | $ | 268 | |||||||||
Impaired loans | - | 5,549 | - | 5,549 | |||||||||||||
Foreclosed real estate | 414 | 508 | 5,401 | 6,323 | |||||||||||||
Long-lived assets held for sale | - | 333 | 99 | 432 | |||||||||||||
Total assets measured at fair value on a nonrecurring basis | $ | 414 | $ | 6,658 | $ | 5,500 | $ | 12,572 | |||||||||
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 | 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 | |||||||||
Fair Value Assets Measured on Non Recurring Basis Unobservable Input Reconciliation [Table Text Block] | ' | ||||||||||||||||
Fair value | Valuation technique | Significant unobservable inputs | |||||||||||||||
Assets | |||||||||||||||||
Foreclosed real estate | $ | 5,401 | Appraisals of collateral value | Adjustments to appraisal for age of comparable sales | |||||||||||||
Long-lived assets held for sale | 432 | Internal valuation | Appraisals and/or sales of comparable properties | ||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | ||||||||||||||||
Carrying | Fair | ||||||||||||||||
amount | value | ||||||||||||||||
30-Sep-14 | |||||||||||||||||
Financial instruments - assets | |||||||||||||||||
Loans (1) | $ | 758,595 | $ | 757,336 | |||||||||||||
Financial instruments - liabilities | |||||||||||||||||
Deposits | 936,289 | 920,135 | |||||||||||||||
31-Dec-13 | |||||||||||||||||
Financial instruments - assets | |||||||||||||||||
Loans (1) | $ | 748,243 | $ | 748,330 | |||||||||||||
Financial instruments - liabilities | |||||||||||||||||
Deposits | 907,360 | 896,858 |
Note_22_Regulatory_Capital_Req1
Note 22 - Regulatory Capital Requirements and Dividend Restrictions (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | ' | ||||||||||||||||||||||||
Actual | For capital adequacy | To be well capitalized under | |||||||||||||||||||||||
purposes | prompt corrective action | ||||||||||||||||||||||||
provisions | |||||||||||||||||||||||||
amount | ratio | amount | ratio | amount | ratio | ||||||||||||||||||||
At September 30, 2014 | |||||||||||||||||||||||||
Total capital to risk-weighted assets | |||||||||||||||||||||||||
Company | $ | 140,399 | 16.67 | % | $ | 67,373 | 8 | % | n/a | n/a | |||||||||||||||
Bank | 140,171 | 16.64 | 67,370 | 8 | $ | 84,213 | 10 | % | |||||||||||||||||
Tier 1 capital to risk-weighted assets | |||||||||||||||||||||||||
Company | 129,810 | 15.41 | 33,687 | 4 | n/a | n/a | |||||||||||||||||||
Bank | 129,583 | 15.39 | 33,685 | 4 | 50,528 | 6 | |||||||||||||||||||
Tier 1 leverage ratio | |||||||||||||||||||||||||
Company | 129,810 | 12.01 | 43,235 | 4 | n/a | n/a | |||||||||||||||||||
Bank | 129,583 | 11.99 | 43,225 | 4 | 54,031 | 5 | |||||||||||||||||||
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 |
Note_2_Cash_and_Cash_Equivalen1
Note 2 - Cash and Cash Equivalents (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Dec. 31, 2013 | |
Cash and Cash Equivalents [Abstract] | ' | ' |
Lag Period for Maintenance of Federal Reserve | '2 days | ' |
Federal Reserve Required After Cash and Clearing Balance Requirements | $5,300,000 | ' |
Money Market Funds Over FDIC Limit | 3,100,000 | ' |
Restricted Cash and Cash Equivalents | $250,000 | $706,000 |
Note_3_Trading_Account_Assets_1
Note 3 - Trading Account Assets (Details) (Municipal Bonds [Member], USD $) | Sep. 30, 2014 |
In Thousands, unless otherwise specified | |
Municipal Bonds [Member] | ' |
Note 3 - Trading Account Assets (Details) [Line Items] | ' |
Trading Securities, Debt | $56 |
Note_3_Trading_Account_Assets_2
Note 3 - Trading Account Assets (Details) - Components of Trading Account Assets (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Total trading account assets | $5,458 | $5,118 |
Trading, Municipal Bonds [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Municipal bonds | 4,803 | 3,771 |
Trading, Insured Bank Deposits [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Insured bank deposits | $655 | $1,347 |
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 $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Net Realized and Change in Net Unrealized Gains on Trading Account Assets [Abstract] | ' | ' | ' | ' |
Realized gains, net | $75 | $13 | $421 | $13 |
Unrealized gains, net due to changes in fair value relative to assets held at end of period | 23 | 23 | 23 | 23 |
Total trading account income, net | $98 | $36 | $444 | $36 |
Note_3_Trading_Account_Assets_4
Note 3 - Trading Account Assets (Details) - Trading Accounts Credit Ratings (Trading, Municipal Bonds [Member], Credit Concentration Risk [Member]) | 9 Months Ended |
Sep. 30, 2014 | |
Financing Receivable, Recorded Investment [Line Items] | ' |
Trading accounts credit ratings | 100.00% |
Standard & Poor's, AAA Rating [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Trading accounts credit ratings | 11.00% |
Standard and Poor's AA+ - AA- [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Trading accounts credit ratings | 54.00% |
Standard and Poor's A+ - A- [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Trading accounts credit ratings | 24.00% |
Not Rated [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Trading accounts credit ratings | 11.00% |
Moody's, Aaa Rating [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Trading accounts credit ratings | 9.00% |
Moody's Aa1 - Aa3 [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Trading accounts credit ratings | 44.00% |
Moody's A1 - A3 [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Trading accounts credit ratings | 26.00% |
Not Rated [Member] | ' |
Financing Receivable, Recorded Investment [Line Items] | ' |
Trading accounts credit ratings | 21.00% |
Note_4_Investment_Securities_A
Note 4 - Investment Securities Available-for-sale (Details) - Reconciliation of Available-for-sale Securities (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note 4 - Investment Securities Available-for-sale (Details) - Reconciliation of Available-for-sale Securities [Line Items] | ' | ' |
Investment securities available for sale, amortized cost | $216,936 | $219,203 |
Investment securities available for sale, gross unrealized gains | 641 | 521 |
Investment securities available for sale, gross unrealized losses | -2,995 | -5,341 |
Investment securities available for sale, fair value | 214,582 | 214,383 |
US Government Agencies Debt Securities [Member] | ' | ' |
Note 4 - Investment Securities Available-for-sale (Details) - Reconciliation of Available-for-sale Securities [Line Items] | ' | ' |
Investment securities available for sale, amortized cost | 1,923 | ' |
Investment securities available for sale, gross unrealized gains | 2 | ' |
Investment securities available for sale, fair value | 1,925 | ' |
State and Municipal [Member] | ' | ' |
Note 4 - Investment Securities Available-for-sale (Details) - Reconciliation of Available-for-sale Securities [Line Items] | ' | ' |
Investment securities available for sale, amortized cost | 5,680 | 7,393 |
Investment securities available for sale, gross unrealized gains | 105 | 138 |
Investment securities available for sale, gross unrealized losses | -22 | -71 |
Investment securities available for sale, fair value | 5,763 | 7,460 |
Collateralized Mortgage Obligations (Federal Agencies) [Member] | ' | ' |
Note 4 - Investment Securities Available-for-sale (Details) - Reconciliation of Available-for-sale Securities [Line Items] | ' | ' |
Investment securities available for sale, amortized cost | 93,217 | 97,303 |
Investment securities available for sale, gross unrealized gains | 9 | 30 |
Investment securities available for sale, gross unrealized losses | -2,416 | -4,201 |
Investment securities available for sale, fair value | 90,810 | 93,132 |
Other Mortgage-Backed (Federal Agencies) [Member] | ' | ' |
Note 4 - Investment Securities Available-for-sale (Details) - Reconciliation of Available-for-sale Securities [Line Items] | ' | ' |
Investment securities available for sale, amortized cost | 79,856 | 76,852 |
Investment securities available for sale, gross unrealized gains | 320 | 95 |
Investment securities available for sale, gross unrealized losses | -442 | -927 |
Investment securities available for sale, fair value | 79,734 | 76,020 |
SBA Loan-Backed (Federal Agencies) [Member] | ' | ' |
Note 4 - Investment Securities Available-for-sale (Details) - Reconciliation of Available-for-sale Securities [Line Items] | ' | ' |
Investment securities available for sale, amortized cost | 36,260 | 37,655 |
Investment securities available for sale, gross unrealized gains | 205 | 258 |
Investment securities available for sale, gross unrealized losses | -115 | -142 |
Investment securities available for sale, fair value | $36,350 | $37,771 |
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 $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note 4 - Investment Securities Available-for-sale (Details) - Reconciliation of Available-for-sale Securities in Continuous Unrealized Loss Position [Line Items] | ' | ' |
Investment securities available for sale in an unrealized loss position less than 12 months, number of securities | 21 | 39 |
Investment securities available for sale in an unrealized loss position less than 12 months, fair value | $38,118 | $142,157 |
Investment securities available for sale in an unrealized loss position less than 12 months, gross unrealized losses | 420 | 3,781 |
Investment securities available for sale in an unrealized loss position 12 months or longer, number of securities | 29 | 13 |
Investment securities available for sale in an unrealized loss position 12 months or longer, fair value | 103,558 | 35,946 |
Investment securities available for sale in an unrealized loss position 12 months or longer, gross unrealized losses | 2,575 | 1,560 |
Investment securities available for sale in an unrealized loss position, number of securities | 50 | 52 |
Investment securities available for sale in an unrealized loss position, fair value | 141,676 | 178,103 |
Investment securities available for sale in an unrealized loss position, gross unrealized losses | 2,995 | 5,341 |
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] | ' | ' |
Investment securities available for sale in an unrealized loss position less than 12 months, number of securities | 1 | 1 |
Investment securities available for sale in an unrealized loss position less than 12 months, fair value | 575 | 1,010 |
Investment securities available for sale in an unrealized loss position less than 12 months, gross unrealized losses | 3 | 71 |
Investment securities available for sale in an unrealized loss position 12 months or longer, number of securities | 1 | ' |
Investment securities available for sale in an unrealized loss position 12 months or longer, fair value | 1,056 | ' |
Investment securities available for sale in an unrealized loss position 12 months or longer, gross unrealized losses | 19 | ' |
Investment securities available for sale in an unrealized loss position, number of securities | 2 | 1 |
Investment securities available for sale in an unrealized loss position, fair value | 1,631 | 1,010 |
Investment securities available for sale in an unrealized loss position, gross unrealized losses | 22 | 71 |
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] | ' | ' |
Investment securities available for sale in an unrealized loss position less than 12 months, number of securities | 7 | 14 |
Investment securities available for sale in an unrealized loss position less than 12 months, fair value | 21,907 | 62,251 |
Investment securities available for sale in an unrealized loss position less than 12 months, gross unrealized losses | 318 | 2,863 |
Investment securities available for sale in an unrealized loss position 12 months or longer, number of securities | 11 | 9 |
Investment securities available for sale in an unrealized loss position 12 months or longer, fair value | 62,896 | 29,123 |
Investment securities available for sale in an unrealized loss position 12 months or longer, gross unrealized losses | 2,098 | 1,338 |
Investment securities available for sale in an unrealized loss position, number of securities | 18 | 23 |
Investment securities available for sale in an unrealized loss position, fair value | 84,803 | 91,374 |
Investment securities available for sale in an unrealized loss position, gross unrealized losses | 2,416 | 4,201 |
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] | ' | ' |
Investment securities available for sale in an unrealized loss position less than 12 months, number of securities | 11 | 20 |
Investment securities available for sale in an unrealized loss position less than 12 months, fair value | 13,424 | 64,428 |
Investment securities available for sale in an unrealized loss position less than 12 months, gross unrealized losses | 88 | 774 |
Investment securities available for sale in an unrealized loss position 12 months or longer, number of securities | 11 | 1 |
Investment securities available for sale in an unrealized loss position 12 months or longer, fair value | 23,734 | 1,517 |
Investment securities available for sale in an unrealized loss position 12 months or longer, gross unrealized losses | 354 | 153 |
Investment securities available for sale in an unrealized loss position, number of securities | 22 | 21 |
Investment securities available for sale in an unrealized loss position, fair value | 37,158 | 65,945 |
Investment securities available for sale in an unrealized loss position, gross unrealized losses | 442 | 927 |
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] | ' | ' |
Investment securities available for sale in an unrealized loss position less than 12 months, number of securities | 2 | 4 |
Investment securities available for sale in an unrealized loss position less than 12 months, fair value | 2,212 | 14,468 |
Investment securities available for sale in an unrealized loss position less than 12 months, gross unrealized losses | 11 | 73 |
Investment securities available for sale in an unrealized loss position 12 months or longer, number of securities | 6 | 3 |
Investment securities available for sale in an unrealized loss position 12 months or longer, fair value | 15,872 | 5,306 |
Investment securities available for sale in an unrealized loss position 12 months or longer, gross unrealized losses | 104 | 69 |
Investment securities available for sale in an unrealized loss position, number of securities | 8 | 7 |
Investment securities available for sale in an unrealized loss position, fair value | 18,084 | 19,774 |
Investment securities available for sale in an unrealized loss position, gross unrealized losses | $115 | $142 |
Note_4_Investment_Securities_A2
Note 4 - Investment Securities Available-for-sale (Details) - Ratings by Segment of Investment Securities Available for Sale | Sep. 30, 2014 |
Note 4 - Investment Securities Available-for-sale (Details) - Ratings by Segment of Investment Securities Available for Sale [Line Items] | ' |
Available For Sale Securities: Moody's Credit Rating | 100.00% |
Available For Sale Securities: Standard Poors Credit Rating | 100.00% |
Standard and Poor's AA+ - AA- [Member] | ' |
Note 4 - Investment Securities Available-for-sale (Details) - Ratings by Segment of Investment Securities Available for Sale [Line Items] | ' |
Available For Sale Securities: Standard Poors Credit Rating | 49.00% |
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: Standard Poors Credit Rating | 51.00% |
Moody's Aa1 - Aa3 [Member] | ' |
Note 4 - Investment Securities Available-for-sale (Details) - Ratings by Segment of Investment Securities Available for Sale [Line Items] | ' |
Available For Sale Securities: Moody's Credit Rating | 65.00% |
Moody's A1-A2 [Member] | ' |
Note 4 - Investment Securities Available-for-sale (Details) - Ratings by Segment of Investment Securities Available for Sale [Line Items] | ' |
Available For Sale Securities: Moody's Credit Rating | 16.00% |
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: Moody's Credit Rating | 19.00% |
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 $) | Sep. 30, 2014 | Dec. 31, 2013 |
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] | ' | ' |
Investment securities available for sale, due in one year or less, amortized cost | $3,083 | ' |
Investment securities available for sale, due in one year or less, fair value | 3,122 | ' |
Investment securities available for sale, due after one year through five years, amortized cost | 74,142 | ' |
Investment securities available for sale, due after one year through five years, fair value | 73,962 | ' |
Investment securities available for sale, due after five years through ten years, amortized cost | 119,950 | ' |
Investment securities available for sale, due after five years through ten years, fair value | 117,826 | ' |
Investment securities available for sale, due after ten years, amortized cost | 19,761 | ' |
Investment securities available for sale, due after ten years, fair value | 19,672 | ' |
Investment securities available for sale, amortized cost | 216,936 | ' |
Investment securities available for sale, fair value | 214,582 | 214,383 |
US Government Agencies Debt Securities [Member] | ' | ' |
Note 4 - Investment Securities Available-for-sale (Details) - Amortized Cost and Estimated Fair Value of Investment Securities Available for Sale [Line Items] | ' | ' |
Investment securities available for sale, due after five years through ten years, amortized cost | 1,923 | ' |
Investment securities available for sale, due after five years through ten years, fair value | 1,925 | ' |
Investment securities available for sale, amortized cost | 1,923 | ' |
Investment securities available for sale, fair value | 1,925 | ' |
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] | ' | ' |
Investment securities available for sale, due in one year or less, amortized cost | 2,545 | ' |
Investment securities available for sale, due in one year or less, fair value | 2,582 | ' |
Investment securities available for sale, due after one year through five years, amortized cost | 2,060 | ' |
Investment securities available for sale, due after one year through five years, fair value | 2,125 | ' |
Investment securities available for sale, due after five years through ten years, amortized cost | 1,075 | ' |
Investment securities available for sale, due after five years through ten years, fair value | 1,056 | ' |
Investment securities available for sale, amortized cost | 5,680 | ' |
Investment securities available for sale, fair value | 5,763 | 7,460 |
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] | ' | ' |
Investment securities available for sale, due in one year or less, amortized cost | 538 | ' |
Investment securities available for sale, due in one year or less, fair value | 540 | ' |
Investment securities available for sale, due after one year through five years, amortized cost | 12,604 | ' |
Investment securities available for sale, due after one year through five years, fair value | 12,330 | ' |
Investment securities available for sale, due after five years through ten years, amortized cost | 80,075 | ' |
Investment securities available for sale, due after five years through ten years, fair value | 77,940 | ' |
Investment securities available for sale, amortized cost | 93,217 | ' |
Investment securities available for sale, fair value | 90,810 | 93,132 |
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] | ' | ' |
Investment securities available for sale, due after one year through five years, amortized cost | 40,872 | ' |
Investment securities available for sale, due after one year through five years, fair value | 40,933 | ' |
Investment securities available for sale, due after five years through ten years, amortized cost | 21,257 | ' |
Investment securities available for sale, due after five years through ten years, fair value | 21,129 | ' |
Investment securities available for sale, due after ten years, amortized cost | 17,727 | ' |
Investment securities available for sale, due after ten years, fair value | 17,672 | ' |
Investment securities available for sale, amortized cost | 79,856 | ' |
Investment securities available for sale, fair value | 79,734 | 76,020 |
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] | ' | ' |
Investment securities available for sale, due after one year through five years, amortized cost | 18,606 | ' |
Investment securities available for sale, due after one year through five years, fair value | 18,574 | ' |
Investment securities available for sale, due after five years through ten years, amortized cost | 15,620 | ' |
Investment securities available for sale, due after five years through ten years, fair value | 15,776 | ' |
Investment securities available for sale, due after ten years, amortized cost | 2,034 | ' |
Investment securities available for sale, due after ten years, fair value | 2,000 | ' |
Investment securities available for sale, amortized cost | 36,260 | ' |
Investment securities available for sale, fair value | $36,350 | $37,771 |
Note_4_Investment_Securities_A4
Note 4 - Investment Securities Available-for-sale (Details) - Investment Securities Pledged as Collateral (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note 4 - Investment Securities Available-for-sale (Details) - Investment Securities Pledged as Collateral [Line Items] | ' | ' |
Investment securities available for sale pledged | $124,174 | $119,591 |
Municpal and Other Secured Deposit [Member] | ' | ' |
Note 4 - Investment Securities Available-for-sale (Details) - Investment Securities Pledged as Collateral [Line Items] | ' | ' |
Investment securities available for sale pledged | 81,976 | 75,718 |
Retail Purchase Agreements [Member] | ' | ' |
Note 4 - Investment Securities Available-for-sale (Details) - Investment Securities Pledged as Collateral [Line Items] | ' | ' |
Investment securities available for sale pledged | 23,911 | 25,626 |
Federal Reserve Line of Credit [Member] | ' | ' |
Note 4 - Investment Securities Available-for-sale (Details) - Investment Securities Pledged as Collateral [Line Items] | ' | ' |
Investment securities available for sale pledged | 1,347 | 1,459 |
Correspondent Banks Line of Credit [Member] | ' | ' |
Note 4 - Investment Securities Available-for-sale (Details) - Investment Securities Pledged as Collateral [Line Items] | ' | ' |
Investment securities available for sale pledged | $16,940 | $16,788 |
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 | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Gross Realized Gains and Losses From Sales Of Investment Securities Available For Sale [Abstract] | ' | ' | ' |
Realized gains | $3 | $125 | $395 |
Realized losses | -47 | -40 | -108 |
Total investment securities gains (losses), net | ($44) | $85 | $287 |
Note_5_Loans_Details
Note 5 - Loans (Details) (USD $) | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | |
Note 5 - Loans (Details) [Line Items] | ' | ' | ' |
Mortgage Loans Serviced for Benefit of Others | $385,000,000 | $385,000,000 | $384,500,000 |
Loans and Leases Receivable, Deferred Income | 626,000 | 626,000 | 643,000 |
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | 67,000 | 408,000 | ' |
Impaired Financing Receivable, Interest Income, Accrual Method | 368,000 | 1,200,000 | ' |
Impaired Financing Receivable, Average Recorded Investment | 41,800,000 | 42,900,000 | ' |
Federal Home Loan Bank Advances [Member] | ' | ' | ' |
Note 5 - Loans (Details) [Line Items] | ' | ' | ' |
Loans Pledged as Collateral | 160,400,000 | 160,400,000 | 205,200,000 |
Lendable Collateral | 74,100,000 | 74,100,000 | 90,200,000 |
Federal Reserve Services [Member] | ' | ' | ' |
Note 5 - Loans (Details) [Line Items] | ' | ' | ' |
Loans Pledged as Collateral | 344,000 | 344,000 | 794,000 |
Lendable Collateral | $290,000 | $290,000 | $651,000 |
Note_5_Loans_Details_Gross_Loa
Note 5 - Loans (Details) - Gross Loans (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Note 5 - Loans (Details) - Gross Loans [Line Items] | ' | ' | ' |
Loans, gross | $776,947 | $767,513 | $756,814 |
Percentage of loans, gross | 100.00% | 100.00% | ' |
Commercial Real Estate Loans [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Gross Loans [Line Items] | ' | ' | ' |
Loans, gross | 446,248 | 455,452 | 455,058 |
Percentage of loans, gross | 57.40% | 59.40% | ' |
Single Family Residential [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Gross Loans [Line Items] | ' | ' | ' |
Loans, gross | 193,874 | 178,125 | 174,693 |
Percentage of loans, gross | 25.00% | 23.20% | ' |
Commercial and Industrial [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Gross Loans [Line Items] | ' | ' | ' |
Loans, gross | 73,563 | 73,078 | 67,097 |
Percentage of loans, gross | 9.50% | 9.50% | ' |
Consumer [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Gross Loans [Line Items] | ' | ' | ' |
Loans, gross | 53,071 | 50,099 | 49,396 |
Percentage of loans, gross | 6.80% | 6.50% | ' |
Other Financing Receivable [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Gross Loans [Line Items] | ' | ' | ' |
Loans, gross | $10,191 | $10,759 | ' |
Percentage of loans, gross | 1.30% | 1.40% | ' |
Note_5_Loans_Details_Loans_Sec
Note 5 - Loans (Details) - Loans Secured by Commercial Real Estate (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Secured by commercial real estate | ' | ' |
Percentage of loans, gross | 100.00% | 100.00% |
Construction, Land Development and Other Land Loan [Member] | ' | ' |
Secured by commercial real estate | ' | ' |
Loans, gross (in Dollars) | 48,745 | ' |
Percentage of loans, gross | 6.30% | ' |
Percentage of Bank's total regulatory capital | 34.80% | ' |
Multi Family Residential [Member] | ' | ' |
Secured by commercial real estate | ' | ' |
Loans, gross (in Dollars) | 17,970 | ' |
Percentage of loans, gross | 2.30% | ' |
Percentage of Bank's total regulatory capital | 12.80% | ' |
Non Farm Nonresidential [Member] | ' | ' |
Secured by commercial real estate | ' | ' |
Loans, gross (in Dollars) | 379,533 | ' |
Percentage of loans, gross | 48.80% | ' |
Percentage of Bank's total regulatory capital | 270.80% | ' |
Commercial Real Estate Loans [Member] | ' | ' |
Secured by commercial real estate | ' | ' |
Loans, gross (in Dollars) | 446,248 | ' |
Percentage of loans, gross | 57.40% | 59.40% |
Percentage of Bank's total regulatory capital | 318.40% | ' |
Note_5_Loans_Details_Loans_Sec1
Note 5 - Loans (Details) - Loans Secured by Commercial Real Estate by Category (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Secured by: | ' | ' | ' |
Loans, gross (in Dollars) | $776,947 | $767,513 | $756,814 |
Percentage of loans, gross | 100.00% | 100.00% | ' |
Development Commercial Real Estate Loans [Member] | Land Unimproved [Member] | ' | ' | ' |
Secured by: | ' | ' | ' |
Loans, gross (in Dollars) | 14,535 | ' | ' |
Percentage of loans, gross | 1.90% | ' | ' |
Percentage of Bank's total regulatory capital | 10.40% | ' | ' |
Development Commercial Real Estate Loans [Member] | Land Development Commercial [Member] | ' | ' | ' |
Secured by: | ' | ' | ' |
Loans, gross (in Dollars) | 6,002 | ' | ' |
Percentage of loans, gross | 0.80% | ' | ' |
Percentage of Bank's total regulatory capital | 4.30% | ' | ' |
Development Commercial Real Estate Loans [Member] | Land Development Residential [Member] | ' | ' | ' |
Secured by: | ' | ' | ' |
Loans, gross (in Dollars) | 7,815 | ' | ' |
Percentage of loans, gross | 1.00% | ' | ' |
Percentage of Bank's total regulatory capital | 5.60% | ' | ' |
Development Commercial Real Estate Loans [Member] | Commercial Construction Retail [Member] | ' | ' | ' |
Secured by: | ' | ' | ' |
Loans, gross (in Dollars) | 3,976 | ' | ' |
Percentage of loans, gross | 0.50% | ' | ' |
Percentage of Bank's total regulatory capital | 2.80% | ' | ' |
Development Commercial Real Estate Loans [Member] | Multi Family [Member] | ' | ' | ' |
Secured by: | ' | ' | ' |
Loans, gross (in Dollars) | 130 | ' | ' |
Percentage of Bank's total regulatory capital | 0.10% | ' | ' |
Development Commercial Real Estate Loans [Member] | ' | ' | ' |
Secured by: | ' | ' | ' |
Loans, gross (in Dollars) | 32,458 | ' | ' |
Percentage of loans, gross | 4.20% | ' | ' |
Percentage of Bank's total regulatory capital | 23.20% | ' | ' |
Existing And Other Commercial Real Estate Loans [Member] | Commercial Construction Retail [Member] | ' | ' | ' |
Secured by: | ' | ' | ' |
Loans, gross (in Dollars) | 28,660 | ' | ' |
Percentage of loans, gross | 3.70% | ' | ' |
Percentage of Bank's total regulatory capital | 20.50% | ' | ' |
Existing And Other Commercial Real Estate Loans [Member] | Multi Family [Member] | ' | ' | ' |
Secured by: | ' | ' | ' |
Loans, gross (in Dollars) | 17,970 | ' | ' |
Percentage of loans, gross | 2.30% | ' | ' |
Percentage of Bank's total regulatory capital | 12.80% | ' | ' |
Existing And Other Commercial Real Estate Loans [Member] | Hotel/Motel [Member] | ' | ' | ' |
Secured by: | ' | ' | ' |
Loans, gross (in Dollars) | 52,413 | ' | ' |
Percentage of loans, gross | 6.70% | ' | ' |
Percentage of Bank's total regulatory capital | 37.40% | ' | ' |
Existing And Other Commercial Real Estate Loans [Member] | Office Loan [Member] | ' | ' | ' |
Secured by: | ' | ' | ' |
Loans, gross (in Dollars) | 23,589 | ' | ' |
Percentage of loans, gross | 3.00% | ' | ' |
Percentage of Bank's total regulatory capital | 16.80% | ' | ' |
Existing And Other Commercial Real Estate Loans [Member] | Industrial And Warehouse [Member] | ' | ' | ' |
Secured by: | ' | ' | ' |
Loans, gross (in Dollars) | 6,076 | ' | ' |
Percentage of loans, gross | 0.80% | ' | ' |
Percentage of Bank's total regulatory capital | 4.30% | ' | ' |
Existing And Other Commercial Real Estate Loans [Member] | Health Care [Member] | ' | ' | ' |
Secured by: | ' | ' | ' |
Loans, gross (in Dollars) | 13,372 | ' | ' |
Percentage of loans, gross | 1.70% | ' | ' |
Percentage of Bank's total regulatory capital | 9.50% | ' | ' |
Existing And Other Commercial Real Estate Loans [Member] | Miscellaneous Commercial [Member] | ' | ' | ' |
Secured by: | ' | ' | ' |
Loans, gross (in Dollars) | 103,928 | ' | ' |
Percentage of loans, gross | 13.40% | ' | ' |
Percentage of Bank's total regulatory capital | 74.20% | ' | ' |
Existing And Other Commercial Real Estate Loans [Member] | Residential Construction Speculative [Member] | ' | ' | ' |
Secured by: | ' | ' | ' |
Loans, gross (in Dollars) | 65 | ' | ' |
Percentage of Bank's total regulatory capital | 0.10% | ' | ' |
Existing And Other Commercial Real Estate Loans [Member] | ' | ' | ' |
Secured by: | ' | ' | ' |
Loans, gross (in Dollars) | 246,073 | ' | ' |
Percentage of loans, gross | 31.60% | ' | ' |
Percentage of Bank's total regulatory capital | 175.60% | ' | ' |
Commercial Real Estate Loans [Member] | Commercial Owner Occupied [Member] | ' | ' | ' |
Secured by: | ' | ' | ' |
Loans, gross (in Dollars) | 151,494 | ' | ' |
Percentage of loans, gross | 19.50% | ' | ' |
Percentage of Bank's total regulatory capital | 108.10% | ' | ' |
Commercial Real Estate Loans [Member] | Commercial Construction Owner Occupied [Member] | ' | ' | ' |
Secured by: | ' | ' | ' |
Loans, gross (in Dollars) | 6,866 | ' | ' |
Percentage of loans, gross | 0.90% | ' | ' |
Percentage of Bank's total regulatory capital | 4.90% | ' | ' |
Commercial Real Estate Loans [Member] | Residential Construction Contract [Member] | ' | ' | ' |
Secured by: | ' | ' | ' |
Loans, gross (in Dollars) | 9,357 | ' | ' |
Percentage of loans, gross | 1.20% | ' | ' |
Percentage of Bank's total regulatory capital | 6.60% | ' | ' |
Commercial Real Estate Loans [Member] | ' | ' | ' |
Secured by: | ' | ' | ' |
Loans, gross (in Dollars) | 167,717 | ' | ' |
Percentage of loans, gross | 21.60% | ' | ' |
Percentage of Bank's total regulatory capital | 119.60% | ' | ' |
Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' |
Secured by: | ' | ' | ' |
Loans, gross (in Dollars) | $446,248 | $455,452 | ' |
Percentage of loans, gross | 57.40% | ' | ' |
Percentage of Bank's total regulatory capital | 318.40% | ' | ' |
Note_5_Loans_Details_Internal_
Note 5 - Loans (Details) - Internal Credit Quality Indicators of Gross Loans (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | ||
In Thousands, unless otherwise specified | |||||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | $776,947 | $767,513 | $756,814 | ||
Construction, Land Development and Other Land Loan [Member] | Grade Three [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 2,747 | 10,025 | ' | ||
Construction, Land Development and Other Land Loan [Member] | Grade Four [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 17,533 | 34,654 | ' | ||
Construction, Land Development and Other Land Loan [Member] | Grade W [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 9,991 | 8,679 | ' | ||
Construction, Land Development and Other Land Loan [Member] | Grade Five [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 149 | 2,202 | ' | ||
Construction, Land Development and Other Land Loan [Member] | Grade Six [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 1,938 | 4,400 | ' | ||
Construction, Land Development and Other Land Loan [Member] | Grade Seven [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 544 | 803 | ' | ||
Construction, Land Development and Other Land Loan [Member] | Not Risk Rated [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 15,843 | [1] | 15,795 | [1] | ' |
Construction, Land Development and Other Land Loan [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 48,745 | 76,558 | ' | ||
Multi Family Residential [Member] | Grade Three [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 8,950 | 259 | ' | ||
Multi Family Residential [Member] | Grade Four [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 1,180 | 887 | ' | ||
Multi Family Residential [Member] | Grade W [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 7,815 | 9,079 | ' | ||
Multi Family Residential [Member] | Grade Six [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | ' | 181 | ' | ||
Multi Family Residential [Member] | Not Risk Rated [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 25 | [1] | 11 | [1] | ' |
Multi Family Residential [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 17,970 | 10,417 | ' | ||
Non Farm Nonresidential [Member] | Grade Three [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 76,742 | 69,954 | ' | ||
Non Farm Nonresidential [Member] | Grade Four [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 178,794 | 171,585 | ' | ||
Non Farm Nonresidential [Member] | Grade W [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 79,065 | 83,843 | ' | ||
Non Farm Nonresidential [Member] | Grade Five [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 16,512 | 16,727 | ' | ||
Non Farm Nonresidential [Member] | Grade Six [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 26,866 | 24,352 | ' | ||
Non Farm Nonresidential [Member] | Grade Seven [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 1,554 | 1,604 | ' | ||
Non Farm Nonresidential [Member] | Not Risk Rated [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | ' | [1] | 412 | [1] | ' |
Non Farm Nonresidential [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 379,533 | 368,477 | ' | ||
Commercial Real Estate Portfolio Segment [Member] | Grade Three [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 88,439 | 80,238 | ' | ||
Commercial Real Estate Portfolio Segment [Member] | Grade Four [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 197,507 | 207,126 | ' | ||
Commercial Real Estate Portfolio Segment [Member] | Grade W [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 96,871 | 101,601 | ' | ||
Commercial Real Estate Portfolio Segment [Member] | Grade Five [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 16,661 | 18,929 | ' | ||
Commercial Real Estate Portfolio Segment [Member] | Grade Six [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 28,804 | 28,933 | ' | ||
Commercial Real Estate Portfolio Segment [Member] | Grade Seven [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 2,098 | 2,407 | ' | ||
Commercial Real Estate Portfolio Segment [Member] | Not Risk Rated [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 15,868 | [1] | 16,218 | [1] | ' |
Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 446,248 | 455,452 | ' | ||
Commercial and Industrial [Member] | Grade One [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 803 | 879 | ' | ||
Commercial and Industrial [Member] | Grade Two [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 1,588 | 1,186 | ' | ||
Commercial and Industrial [Member] | Grade Three [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 11,883 | 8,830 | ' | ||
Commercial and Industrial [Member] | Grade Four [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 51,683 | 51,167 | ' | ||
Commercial and Industrial [Member] | Grade W [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 4,063 | 5,151 | ' | ||
Commercial and Industrial [Member] | Grade Five [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 335 | 2,361 | ' | ||
Commercial and Industrial [Member] | Grade Six [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 2,751 | 2,923 | ' | ||
Commercial and Industrial [Member] | Grade Seven [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 415 | 494 | ' | ||
Commercial and Industrial [Member] | Not Risk Rated [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | 42 | 87 | ' | ||
Commercial and Industrial [Member] | ' | ' | ' | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ||
Loans, gross | $73,563 | $73,078 | $67,097 | ||
[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 of Gross Loans (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | $776,947 | $767,513 | $756,814 |
Single-family Real Estate, Revolving, Open-end Loans [Member] | Performing Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 75,581 | 69,121 | ' |
Single-family Real Estate, Revolving, Open-end Loans [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 790 | 797 | ' |
Single-family Real Estate, Revolving, Open-end Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 76,371 | 69,918 | ' |
Single Family Residential Closed End First Lien [Member] | Performing Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 112,492 | 101,100 | ' |
Single Family Residential Closed End First Lien [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 2,092 | 3,176 | ' |
Single Family Residential Closed End First Lien [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 114,584 | 104,276 | ' |
Single Family Residential Closed End Junior Lien [Member] | Performing Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 2,834 | 3,802 | ' |
Single Family Residential Closed End Junior Lien [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 85 | 129 | ' |
Single Family Residential Closed End Junior Lien [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 2,919 | 3,931 | ' |
Single Family Residential [Member] | Performing Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 190,907 | 174,023 | ' |
Single Family Residential [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 2,967 | 4,102 | ' |
Single Family Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 193,874 | 178,125 | 174,693 |
Indirect Automobile [Member] | Performing Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 42,147 | 38,514 | ' |
Indirect Automobile [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 104 | 210 | ' |
Indirect Automobile [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 42,251 | 38,724 | ' |
Consumer Other Financing Receivable [Member] | Performing Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 10,801 | 11,349 | ' |
Consumer Other Financing Receivable [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 19 | 26 | ' |
Consumer Other Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 10,820 | 11,375 | ' |
Consumer [Member] | Performing Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 52,948 | 49,863 | ' |
Consumer [Member] | Nonperforming Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 123 | 236 | ' |
Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 53,071 | 50,099 | 49,396 |
All Other [Member] | Performing Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | 10,191 | 10,759 | ' |
All Other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans, gross | $10,191 | $10,759 | $10,570 |
Note_5_Loans_Details_Delinquen
Note 5 - Loans (Details) - Delinquencies by Class (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans, 30-89 days past due and still accruing | $3,442 | $3,202 | ' |
Loans, greater than 90 days past due and still accruing | 243 | ' | ' |
Loans, greater than 90 days past due and not accruing (nonaccrual) | 14,611 | 15,108 | ' |
Loans, past due | 18,296 | 18,310 | ' |
Loans, current | 758,651 | 749,203 | ' |
Loans, gross | 776,947 | 767,513 | 756,814 |
Construction, Land Development and Other Land Loan [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans, 30-89 days past due and still accruing | 89 | 82 | ' |
Loans, greater than 90 days past due and not accruing (nonaccrual) | 1,205 | 3,872 | ' |
Loans, past due | 1,294 | 3,954 | ' |
Loans, current | 47,451 | 72,604 | ' |
Loans, gross | 48,745 | 76,558 | ' |
Multi Family Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans, greater than 90 days past due and not accruing (nonaccrual) | ' | 181 | ' |
Loans, past due | ' | 181 | ' |
Loans, current | 17,970 | 10,236 | ' |
Loans, gross | 17,970 | 10,417 | ' |
Non Farm Nonresidential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans, 30-89 days past due and still accruing | 1,421 | 1,199 | ' |
Loans, greater than 90 days past due and not accruing (nonaccrual) | 9,194 | 4,832 | ' |
Loans, past due | 10,615 | 6,031 | ' |
Loans, current | 368,918 | 362,446 | ' |
Loans, gross | 379,533 | 368,477 | ' |
Commercial Real Estate Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans, 30-89 days past due and still accruing | 1,510 | 1,281 | ' |
Loans, greater than 90 days past due and not accruing (nonaccrual) | 10,399 | 8,885 | ' |
Loans, past due | 11,909 | 10,166 | ' |
Loans, current | 434,339 | 445,286 | ' |
Loans, gross | 446,248 | 455,452 | 455,058 |
Single-family Real Estate, Revolving, Open-end Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans, 30-89 days past due and still accruing | 454 | 148 | ' |
Loans, greater than 90 days past due and not accruing (nonaccrual) | 790 | 797 | ' |
Loans, past due | 1,244 | 945 | ' |
Loans, current | 75,127 | 68,973 | ' |
Loans, gross | 76,371 | 69,918 | ' |
Single Family Residential Closed End First Lien [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans, 30-89 days past due and still accruing | 261 | 1,091 | ' |
Loans, greater than 90 days past due and still accruing | 243 | ' | ' |
Loans, greater than 90 days past due and not accruing (nonaccrual) | 2,092 | 3,176 | ' |
Loans, past due | 2,596 | 4,267 | ' |
Loans, current | 111,988 | 100,009 | ' |
Loans, gross | 114,584 | 104,276 | ' |
Single Family Residential Closed End Junior Lien [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans, 30-89 days past due and still accruing | 21 | 41 | ' |
Loans, greater than 90 days past due and not accruing (nonaccrual) | 85 | 129 | ' |
Loans, past due | 106 | 170 | ' |
Loans, current | 2,813 | 3,761 | ' |
Loans, gross | 2,919 | 3,931 | ' |
Single Family Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans, 30-89 days past due and still accruing | 736 | 1,280 | ' |
Loans, greater than 90 days past due and still accruing | 243 | ' | ' |
Loans, greater than 90 days past due and not accruing (nonaccrual) | 2,967 | 4,102 | ' |
Loans, past due | 3,946 | 5,382 | ' |
Loans, current | 189,928 | 172,743 | ' |
Loans, gross | 193,874 | 178,125 | 174,693 |
Commercial and Industrial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans, 30-89 days past due and still accruing | 994 | 306 | ' |
Loans, greater than 90 days past due and not accruing (nonaccrual) | 1,122 | 1,885 | ' |
Loans, past due | 2,116 | 2,191 | ' |
Loans, current | 71,447 | 70,887 | ' |
Loans, gross | 73,563 | 73,078 | 67,097 |
Indirect Automobile [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans, 30-89 days past due and still accruing | 176 | 294 | ' |
Loans, greater than 90 days past due and not accruing (nonaccrual) | 104 | 210 | ' |
Loans, past due | 280 | 504 | ' |
Loans, current | 41,971 | 38,220 | ' |
Loans, gross | 42,251 | 38,724 | ' |
Consumer Other Financing Receivable [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans, 30-89 days past due and still accruing | 26 | 41 | ' |
Loans, greater than 90 days past due and not accruing (nonaccrual) | 19 | 26 | ' |
Loans, past due | 45 | 67 | ' |
Loans, current | 10,775 | 11,308 | ' |
Loans, gross | 10,820 | 11,375 | ' |
Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans, 30-89 days past due and still accruing | 202 | 335 | ' |
Loans, greater than 90 days past due and not accruing (nonaccrual) | 123 | 236 | ' |
Loans, past due | 325 | 571 | ' |
Loans, current | 52,746 | 49,528 | ' |
Loans, gross | 53,071 | 50,099 | 49,396 |
Farmland [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans, current | 3,689 | 3,394 | ' |
Loans, gross | 3,689 | 3,394 | ' |
Obligations Of States And Political Subdivisions [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans, current | 435 | 497 | ' |
Loans, gross | 435 | 497 | ' |
Other Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans, current | 6,067 | 6,868 | ' |
Loans, gross | 6,067 | 6,868 | ' |
All Other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans, current | 10,191 | 10,759 | ' |
Loans, gross | $10,191 | $10,759 | $10,570 |
Note_5_Loans_Details_Compositi
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Impaired loans | $40,480 | $44,695 |
Performing Troubled Debt Restructured Loans [Member] | Performing Troubled Debt Restructured Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Troubled debt restructurings | 16,065 | ' |
Impaired loans | 16,065 | ' |
Performing Troubled Debt Restructured Loans [Member] | Non Performing Troubled Debt Restructured Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Troubled debt restructurings | ' | 26,744 |
Impaired loans | ' | 26,744 |
Non Performing Troubled Debt Restructured Loans [Member] | Performing Troubled Debt Restructured Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Troubled debt restructurings | 5,283 | ' |
Impaired loans | 5,283 | ' |
Non Performing Troubled Debt Restructured Loans [Member] | Non Performing Troubled Debt Restructured Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Troubled debt restructurings | ' | 2,184 |
Impaired loans | ' | 2,184 |
Non Performing Other Loans [Member] | Performing Troubled Debt Restructured Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Impaired loans | 4,244 | ' |
Non Performing Other Loans [Member] | Non Performing Troubled Debt Restructured Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Impaired loans | ' | 6,580 |
Performing Other Loans [Member] | Performing Troubled Debt Restructured Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Impaired loans | 14,888 | ' |
Performing Other Loans [Member] | Non Performing Troubled Debt Restructured Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Impaired loans | ' | 9,187 |
Performing Troubled Debt Restructured Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Troubled debt restructurings | 21,348 | ' |
Impaired loans | 40,480 | ' |
Non Performing Troubled Debt Restructured Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Troubled Debt Restructurings Impaired Loans [Line Items] | ' | ' |
Troubled debt restructurings | ' | 28,928 |
Impaired loans | ' | $44,695 |
Note_5_Loans_Details_Troubled_
Note 5 - Loans (Details) - Troubled Debt Restructurings Removed from Classification (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Troubled Debt Restructurings Removed from Classification [Abstract] | ' | ' |
Carrying balance | $7,499 | $5,842 |
Count | 4 | 8 |
Note_5_Loans_Details_Loans_Mod
Note 5 - Loans (Details) - Loans Modified (USD $) | 3 Months Ended | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Troubled debt restructurings, number of loans | 2 | 4 | 5 |
Troubled debt restructurings, pre-modification outstanding recorded investment | $721 | $3,548 | $3,400 |
Troubled debt restructurings, post-modification outstanding recorded investment | 721 | 2,248 | 3,400 |
Non Farm Nonresidential [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Troubled debt restructurings, number of loans | 1 | 1 | 3 |
Troubled debt restructurings, pre-modification outstanding recorded investment | 480 | 883 | 3,099 |
Troubled debt restructurings, post-modification outstanding recorded investment | 480 | 883 | 3,099 |
Commercial Real Estate Loans [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Troubled debt restructurings, number of loans | 1 | 1 | 4 |
Troubled debt restructurings, pre-modification outstanding recorded investment | 480 | 883 | 3,159 |
Troubled debt restructurings, post-modification outstanding recorded investment | 480 | 883 | 3,159 |
Commercial and Industrial [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Troubled debt restructurings, number of loans | 1 | 3 | 1 |
Troubled debt restructurings, pre-modification outstanding recorded investment | 241 | 2,665 | 241 |
Troubled debt restructurings, post-modification outstanding recorded investment | 241 | 1,365 | 241 |
Term Concessions [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Troubled debt restructurings, number of loans | 2 | 1 | 4 |
Troubled debt restructurings, pre-modification outstanding recorded investment | 721 | 883 | 3,340 |
Troubled debt restructurings, post-modification outstanding recorded investment | $721 | $883 | $3,340 |
Note_5_Loans_Details_Loans_Mod1
Note 5 - Loans (Details) - Loans Modified (USD $) | 3 Months Ended | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Troubled debt restructurings, number of loans | 2 | 4 | 5 |
Troubled debt restructurings, pre-modification outstanding recorded investment | $721 | $3,548 | $3,400 |
Troubled debt restructurings, post-modification outstanding recorded investment | 721 | 2,248 | 3,400 |
Construction, Land Development and Other Land Loan [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Troubled debt restructurings, number of loans | ' | ' | 1 |
Troubled debt restructurings, pre-modification outstanding recorded investment | ' | ' | 60 |
Troubled debt restructurings, post-modification outstanding recorded investment | ' | ' | 60 |
Non Farm Nonresidential [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Troubled debt restructurings, number of loans | 1 | 1 | 3 |
Troubled debt restructurings, pre-modification outstanding recorded investment | 480 | 883 | 3,099 |
Troubled debt restructurings, post-modification outstanding recorded investment | 480 | 883 | 3,099 |
Commercial Real Estate Loans [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Troubled debt restructurings, number of loans | 1 | 1 | 4 |
Troubled debt restructurings, pre-modification outstanding recorded investment | 480 | 883 | 3,159 |
Troubled debt restructurings, post-modification outstanding recorded investment | 480 | 883 | 3,159 |
Commercial and Industrial [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Troubled debt restructurings, number of loans | 1 | 3 | 1 |
Troubled debt restructurings, pre-modification outstanding recorded investment | 241 | 2,665 | 241 |
Troubled debt restructurings, post-modification outstanding recorded investment | 241 | 1,365 | 241 |
Rate Concessions [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Troubled debt restructurings, number of loans | ' | ' | 1 |
Troubled debt restructurings, pre-modification outstanding recorded investment | ' | ' | 60 |
Troubled debt restructurings, post-modification outstanding recorded investment | ' | ' | 60 |
Term Concessions [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Troubled debt restructurings, number of loans | 2 | 1 | 4 |
Troubled debt restructurings, pre-modification outstanding recorded investment | 721 | 883 | 3,340 |
Troubled debt restructurings, post-modification outstanding recorded investment | 721 | 883 | 3,340 |
Term,Term and Principal Concession [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Loans Modified [Line Items] | ' | ' | ' |
Troubled debt restructurings, number of loans | ' | 3 | ' |
Troubled debt restructurings, pre-modification outstanding recorded investment | ' | 2,665 | ' |
Troubled debt restructurings, post-modification outstanding recorded investment | ' | $1,365 | ' |
Note_5_Loans_Details_Troubled_1
Note 5 - Loans (Details) - Troubled Debt Restructurings with Subsequent Payment Default (USD $) | 3 Months Ended | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Note 5 - Loans (Details) - Troubled Debt Restructurings with Subsequent Payment Default [Line Items] | ' | ' | ' |
Troubled debt restructurings with payment default, number of loans | 2 | 3 | 3 |
Troubled debt restructurings with payment default, recorded investment | $531 | $2,833 | $587 |
Construction, Land Development and Other Land Loan [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Troubled Debt Restructurings with Subsequent Payment Default [Line Items] | ' | ' | ' |
Troubled debt restructurings with payment default, number of loans | ' | ' | 1 |
Troubled debt restructurings with payment default, recorded investment | ' | ' | 56 |
Non Farm Nonresidential [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Troubled Debt Restructurings with Subsequent Payment Default [Line Items] | ' | ' | ' |
Troubled debt restructurings with payment default, number of loans | ' | 2 | ' |
Troubled debt restructurings with payment default, recorded investment | ' | 2,597 | ' |
Commercial Real Estate Loans [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Troubled Debt Restructurings with Subsequent Payment Default [Line Items] | ' | ' | ' |
Troubled debt restructurings with payment default, number of loans | ' | 2 | 1 |
Troubled debt restructurings with payment default, recorded investment | ' | 2,597 | 56 |
Single Family Residential [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Troubled Debt Restructurings with Subsequent Payment Default [Line Items] | ' | ' | ' |
Troubled debt restructurings with payment default, number of loans | 1 | ' | 1 |
Troubled debt restructurings with payment default, recorded investment | 404 | ' | 404 |
Commercial and Industrial [Member] | ' | ' | ' |
Note 5 - Loans (Details) - Troubled Debt Restructurings with Subsequent Payment Default [Line Items] | ' | ' | ' |
Troubled debt restructurings with payment default, number of loans | 1 | 1 | 1 |
Troubled debt restructurings with payment default, recorded investment | $127 | $236 | $127 |
Note_5_Loans_Details_Compositi1
Note 5 - Loans (Details) - Composition of Impaired Loans by Class (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
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 | $21,579 | $22,968 |
Impaired loans with no related allowance, unpaid principal balance | 23,629 | 38,132 |
Impaired loans with related allowance, recorded investment | 18,901 | 21,727 |
Impaired loans with related allowance, unpaid principal balance | 26,222 | 23,027 |
Impaired loans, related allowance | 2,476 | 2,555 |
Impaired loans, recorded investment | 40,480 | 44,695 |
Impaired loans, unpaid principal balance | 49,851 | 61,159 |
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 | 707 | 3,244 |
Impaired loans with no related allowance, unpaid principal balance | 1,236 | 6,503 |
Impaired loans with related allowance, recorded investment | 172 | 260 |
Impaired loans with related allowance, unpaid principal balance | 172 | 260 |
Impaired loans, related allowance | 30 | 68 |
Impaired loans, recorded investment | 879 | 3,504 |
Impaired loans, unpaid principal balance | 1,408 | 6,763 |
Multi Family Residential [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, recorded investment | ' | 181 |
Impaired loans, unpaid principal balance | ' | 239 |
Non Farm Nonresidential [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | 19,535 | 17,414 |
Impaired loans with no related allowance, unpaid principal balance | 19,775 | 24,422 |
Impaired loans with related allowance, recorded investment | 17,155 | 18,839 |
Impaired loans with related allowance, unpaid principal balance | 23,177 | 18,839 |
Impaired loans, related allowance | 2,085 | 1,668 |
Impaired loans, recorded investment | 36,690 | 36,253 |
Impaired loans, unpaid principal balance | 42,952 | 43,261 |
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 | 20,242 | 20,839 |
Impaired loans with no related allowance, unpaid principal balance | 21,011 | 31,164 |
Impaired loans with related allowance, recorded investment | 17,327 | 19,099 |
Impaired loans with related allowance, unpaid principal balance | 23,349 | 19,099 |
Impaired loans, related allowance | 2,115 | 1,736 |
Impaired loans, recorded investment | 37,569 | 39,938 |
Impaired loans, unpaid principal balance | 44,360 | 50,263 |
Single-family Real Estate, Revolving, Open-end Loans [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | 333 | ' |
Impaired loans with no related allowance, unpaid principal balance | 333 | ' |
Impaired loans with related allowance, recorded investment | ' | 404 |
Impaired loans with related allowance, unpaid principal balance | ' | 404 |
Impaired loans, related allowance | ' | 83 |
Impaired loans, recorded investment | 333 | 404 |
Impaired loans, unpaid principal balance | 333 | 404 |
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 | 620 | 1,369 |
Impaired loans with no related allowance, unpaid principal balance | 1,901 | 5,811 |
Impaired loans with related allowance, recorded investment | 247 | 323 |
Impaired loans with related allowance, unpaid principal balance | 247 | 323 |
Impaired loans, related allowance | 28 | 18 |
Impaired loans, recorded investment | 867 | 1,692 |
Impaired loans, unpaid principal balance | 2,148 | 6,134 |
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 | 25 | ' |
Impaired loans with no related allowance, unpaid principal balance | 25 | ' |
Impaired loans with related allowance, recorded investment | 107 | 195 |
Impaired loans with related allowance, unpaid principal balance | 107 | 195 |
Impaired loans, related allowance | 42 | 62 |
Impaired loans, recorded investment | 132 | 195 |
Impaired loans, unpaid principal balance | 132 | 195 |
Single Family Residential [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | 978 | 1,369 |
Impaired loans with no related allowance, unpaid principal balance | 2,259 | 5,811 |
Impaired loans with related allowance, recorded investment | 354 | 922 |
Impaired loans with related allowance, unpaid principal balance | 354 | 922 |
Impaired loans, related allowance | 70 | 163 |
Impaired loans, recorded investment | 1,332 | 2,291 |
Impaired loans, unpaid principal balance | 2,613 | 6,733 |
Commercial and Industrial [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | 359 | 753 |
Impaired loans with no related allowance, unpaid principal balance | 359 | 1,150 |
Impaired loans with related allowance, recorded investment | 1,205 | 1,680 |
Impaired loans with related allowance, unpaid principal balance | 2,504 | 2,980 |
Impaired loans, related allowance | 288 | 644 |
Impaired loans, recorded investment | 1,564 | 2,433 |
Impaired loans, unpaid principal balance | 2,863 | 4,130 |
Consumer [Member] | ' | ' |
Note 5 - Loans (Details) - Composition of Impaired Loans by Class [Line Items] | ' | ' |
Impaired loans with no related allowance, recorded investment | ' | 7 |
Impaired loans with no related allowance, unpaid principal balance | ' | 7 |
Impaired loans with related allowance, recorded investment | 15 | 26 |
Impaired loans with related allowance, unpaid principal balance | 15 | 26 |
Impaired loans, related allowance | 3 | 12 |
Impaired loans, recorded investment | 15 | 33 |
Impaired loans, unpaid principal balance | $15 | $33 |
Note_5_Loans_Details_Allowance
Note 5 - Loans (Details) - Allowance for Loan Losses (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Note 5 - Loans (Details) - Allowance for Loan Losses [Line Items] | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning of period | $15,596 | $17,218 | $16,485 | $17,825 | ' |
Provision for loan losses | -500 | 645 | -500 | 1,665 | ' |
Loan charge-offs | 721 | 1,386 | 2,211 | 3,461 | ' |
Loan recoveries | 991 | 229 | 1,592 | 677 | ' |
Net loans charged-off | -270 | 1,157 | 619 | 2,784 | ' |
Allowance for loan losses, end of period | 15,366 | 16,706 | 15,366 | 16,706 | ' |
Allowance for loan losses, individually evaluated for impairment | 2,476 | 2,168 | 2,476 | 2,168 | ' |
Allowance for loan losses, collectively evaluated for impairment | 12,890 | 14,538 | 12,890 | 14,538 | ' |
Loans, gross, individually evaluated for impairment | 40,480 | 44,185 | 40,480 | 44,185 | ' |
Loans, gross, collectively evaluated for impairment | 736,467 | 712,629 | 736,467 | 712,629 | ' |
Loans, gross | 776,947 | 756,814 | 776,947 | 756,814 | 767,513 |
Commercial Real Estate Loans [Member] | ' | ' | ' | ' | ' |
Note 5 - Loans (Details) - Allowance for Loan Losses [Line Items] | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning of period | 10,259 | 11,029 | 10,565 | 12,317 | ' |
Provision for loan losses | -436 | 562 | -214 | -36 | ' |
Loan charge-offs | 150 | 526 | 929 | 1,284 | ' |
Loan recoveries | 61 | 40 | 312 | 108 | ' |
Net loans charged-off | 89 | 486 | 617 | 1,176 | ' |
Allowance for loan losses, end of period | 9,734 | 11,105 | 9,734 | 11,105 | ' |
Allowance for loan losses, individually evaluated for impairment | 2,115 | 1,952 | 2,115 | 1,952 | ' |
Allowance for loan losses, collectively evaluated for impairment | 7,619 | 9,153 | 7,619 | 9,153 | ' |
Loans, gross, individually evaluated for impairment | 37,569 | 40,224 | 37,569 | 40,224 | ' |
Loans, gross, collectively evaluated for impairment | 408,679 | 414,834 | 408,679 | 414,834 | ' |
Loans, gross | 446,248 | 455,058 | 446,248 | 455,058 | 455,452 |
Single Family Residential [Member] | ' | ' | ' | ' | ' |
Note 5 - Loans (Details) - Allowance for Loan Losses [Line Items] | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning of period | 3,112 | 3,018 | 3,124 | 3,140 | ' |
Provision for loan losses | -374 | 214 | -302 | 465 | ' |
Loan charge-offs | 331 | 179 | 520 | 611 | ' |
Loan recoveries | 840 | 28 | 945 | 87 | ' |
Net loans charged-off | -509 | 151 | -425 | 524 | ' |
Allowance for loan losses, end of period | 3,247 | 3,081 | 3,247 | 3,081 | ' |
Allowance for loan losses, individually evaluated for impairment | 70 | 195 | 70 | 195 | ' |
Allowance for loan losses, collectively evaluated for impairment | 3,177 | 2,886 | 3,177 | 2,886 | ' |
Loans, gross, individually evaluated for impairment | 1,332 | 2,633 | 1,332 | 2,633 | ' |
Loans, gross, collectively evaluated for impairment | 192,542 | 172,060 | 192,542 | 172,060 | ' |
Loans, gross | 193,874 | 174,693 | 193,874 | 174,693 | 178,125 |
Commercial and Industrial [Member] | ' | ' | ' | ' | ' |
Note 5 - Loans (Details) - Allowance for Loan Losses [Line Items] | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning of period | 1,083 | 2,139 | 1,682 | 1,264 | ' |
Provision for loan losses | 231 | -254 | -247 | 960 | ' |
Loan charge-offs | 33 | 472 | 178 | 846 | ' |
Loan recoveries | 11 | 44 | 35 | 79 | ' |
Net loans charged-off | 22 | 428 | 143 | 767 | ' |
Allowance for loan losses, end of period | 1,292 | 1,457 | 1,292 | 1,457 | ' |
Allowance for loan losses, individually evaluated for impairment | 288 | 17 | 288 | 17 | ' |
Allowance for loan losses, collectively evaluated for impairment | 1,004 | 1,440 | 1,004 | 1,440 | ' |
Loans, gross, individually evaluated for impairment | 1,564 | 1,294 | 1,564 | 1,294 | ' |
Loans, gross, collectively evaluated for impairment | 71,999 | 65,803 | 71,999 | 65,803 | ' |
Loans, gross | 73,563 | 67,097 | 73,563 | 67,097 | 73,078 |
Consumer [Member] | ' | ' | ' | ' | ' |
Note 5 - Loans (Details) - Allowance for Loan Losses [Line Items] | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning of period | 915 | 1,025 | 1,118 | 1,093 | ' |
Provision for loan losses | 61 | 50 | -84 | 68 | ' |
Loan charge-offs | 49 | 58 | 159 | 219 | ' |
Loan recoveries | 10 | 36 | 62 | 111 | ' |
Net loans charged-off | 39 | 22 | 97 | 108 | ' |
Allowance for loan losses, end of period | 937 | 1,053 | 937 | 1,053 | ' |
Allowance for loan losses, individually evaluated for impairment | 3 | 4 | 3 | 4 | ' |
Allowance for loan losses, collectively evaluated for impairment | 934 | 1,049 | 934 | 1,049 | ' |
Loans, gross, individually evaluated for impairment | 15 | 34 | 15 | 34 | ' |
Loans, gross, collectively evaluated for impairment | 53,056 | 49,362 | 53,056 | 49,362 | ' |
Loans, gross | 53,071 | 49,396 | 53,071 | 49,396 | 50,099 |
All Other [Member] | ' | ' | ' | ' | ' |
Note 5 - Loans (Details) - Allowance for Loan Losses [Line Items] | ' | ' | ' | ' | ' |
Allowance for loan losses, beginning of period | 227 | 7 | -4 | 11 | ' |
Provision for loan losses | 18 | 73 | 347 | 208 | ' |
Loan charge-offs | 158 | 151 | 425 | 501 | ' |
Loan recoveries | 69 | 81 | 238 | 292 | ' |
Net loans charged-off | 89 | 70 | 187 | 209 | ' |
Allowance for loan losses, end of period | 156 | 10 | 156 | 10 | ' |
Allowance for loan losses, collectively evaluated for impairment | 156 | 10 | 156 | 10 | ' |
Loans, gross, collectively evaluated for impairment | 10,191 | 10,570 | 10,191 | 10,570 | ' |
Loans, gross | $10,191 | $10,570 | $10,191 | $10,570 | $10,759 |
Note_6_Other_Loans_Held_for_Sa2
Note 6 - Other Loans Held for Sale and Valuation Allowance (Details) - Other Loans Held for Sale and Valuation Allowance (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Note 6 - Other Loans Held for Sale and Valuation Allowance (Details) - Other Loans Held for Sale and Valuation Allowance [Line Items] | ' | ' |
Proceeds from sales of other loans held for sale | ' | $1,102 |
Valuation allowance, beginning of period | ' | 1,512 |
Reduction resulting from sales of other loans held for sale | ' | -1,512 |
SBA Loans [Member] | Gross [Member] | ' | ' |
Note 6 - Other Loans Held for Sale and Valuation Allowance (Details) - Other Loans Held for Sale and Valuation Allowance [Line Items] | ' | ' |
SBA loans transferred to other loans held for sale | 1,166 | 2,015 |
Proceeds from sales of SBA loans | -1,236 | -2,222 |
Gain on sale of SBA loans | 70 | 207 |
Gross [Member] | ' | ' |
Note 6 - Other Loans Held for Sale and Valuation Allowance (Details) - Other Loans Held for Sale and Valuation Allowance [Line Items] | ' | ' |
Other loans held for sale, net of valuation allowance, beginning of period | ' | 776 |
Proceeds from sales of other loans held for sale | ' | -1,102 |
Gain on sale of other loans held for sale | ' | 326 |
Other loans held for sale activity, net | ' | ($776) |
Note_7_Premises_and_Equipment_2
Note 7 - Premises and Equipment, net (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Property, Plant and Equipment [Abstract] | ' | ' | ' | ' |
Number of Commercial and Consumer Banking Branches | 25 | ' | 25 | ' |
Number of Leased Branches | 5 | ' | 5 | ' |
Number of Owned Branches | 20 | ' | 20 | ' |
Depreciation | $593 | $641 | $1,769 | $1,919 |
Note_7_Premises_and_Equipment_3
Note 7 - Premises and Equipment, net (Details) - Premises and Equipment Balances (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment | $48,437 | $48,756 |
Accumulated depreciation | -26,204 | -25,389 |
Premises and equipment, net | 22,233 | 23,367 |
Land [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment | 5,521 | 5,521 |
Building [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment | 19,461 | 19,395 |
Leasehold Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment | 3,774 | 3,746 |
Furniture and Fixtures [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment | 13,476 | 13,259 |
Software and Software Development Costs [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment | 5,554 | 5,344 |
Automobiles [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment | 95 | 95 |
Assets Held under Capital Leases [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment | $556 | $1,396 |
Note_8_LongLived_Assets_Held_f1
Note 8 - Long-Lived Assets Held for Sale (Details) (Vacant Parcel of Land and Branch Facility [Member], USD $) | 3 Months Ended | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2014 |
Vacant Parcel of Land and Branch Facility [Member] | ' | ' |
Note 8 - Long-Lived Assets Held for Sale (Details) [Line Items] | ' | ' |
Disposal Group, Including Discontinued Operation, Long Lived Assets | $432 | $432 |
Impairment of Long-Lived Assets to be Disposed of | $253 | $253 |
Note_9_Servicing_Rights_Detail
Note 9 - Servicing Rights (Details) (USD $) | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||||
Mortgage Servicing Rights [Member] | ' | ' | ' | ' | ' | ' |
Note 9 - Servicing Rights (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Servicing Asset at Amortized Cost | $2,357 | $2,384 | $2,431 | $2,449 | $2,449 | $2,545 |
Servicing Asset at Fair Value, Amount | 3,700 | ' | 3,800 | ' | ' | ' |
SBA Servicing Rights [Member] | ' | ' | ' | ' | ' | ' |
Note 9 - Servicing Rights (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Servicing Asset at Amortized Cost | 80 | 87 | 64 | 73 | 76 | 39 |
Servicing Asset at Fair Value, Amount | $89 | ' | $69 | ' | ' | ' |
Note_9_Servicing_Rights_Detail1
Note 9 - Servicing Rights (Details) - Servicing Rights Activity (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Mortgage Servicing Rights [Member] | ' | ' | ' | ' |
Servicing Asset at Amortized Cost [Line Items] | ' | ' | ' | ' |
Servicing rights portfolio, net of valuation allowance, beginning of period | $2,384 | $2,449 | $2,431 | $2,545 |
Servicing rights portfolio, net of valuation allowance, end of period | 2,357 | 2,449 | 2,357 | 2,449 |
Capitalized servicing rights | 115 | 193 | 357 | 540 |
Servicing rights portfolio amortization and impairment | -142 | -193 | -431 | -636 |
SBA Servicing Rights [Member] | ' | ' | ' | ' |
Servicing Asset at Amortized Cost [Line Items] | ' | ' | ' | ' |
Servicing rights portfolio, net of valuation allowance, beginning of period | 87 | 76 | 64 | 39 |
Servicing rights portfolio, net of valuation allowance, end of period | 80 | 73 | 80 | 73 |
Capitalized servicing rights | ' | ' | 31 | 47 |
Servicing rights portfolio amortization and impairment | ($7) | ($3) | ($15) | ($13) |
Note_9_Servicing_Rights_Detail2
Note 9 - Servicing Rights (Details) - Valuation Allowance for Impairment of Servicing Rights (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Jun. 30, 2013 |
Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | Mortgage Servicing Rights [Member] | SBA Servicing Rights [Member] | SBA Servicing Rights [Member] | SBA Servicing Rights [Member] | SBA Servicing Rights [Member] | |
Valuation Allowance for Impairment of Recognized Servicing Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Valuation allowance, beginning of period | $33 | $82 | $31 | $41 | $9 | $8 | ' | $3 |
Reductions credited to operations, net | -10 | -42 | -8 | -1 | 4 | 5 | 3 | ' |
Valuation allowance, end of period | $23 | $40 | $23 | $40 | $13 | $13 | $3 | $3 |
Note_10_Foreclosed_Real_Estate2
Note 10 - Foreclosed Real Estate and Repossessed Personal Property (Details) (USD $) | 3 Months Ended | 9 Months Ended | 1 Months Ended | ||||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 |
Residential Lots [Member] | Residential Lots [Member] | Residential Lots [Member] | |||||||||
Properties Owned Within One Community [Member] | |||||||||||
Note 10 - Foreclosed Real Estate and Repossessed Personal Property (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Units in Real Estate Property | ' | ' | ' | ' | ' | ' | ' | ' | 16 | 77 | 77 |
Real Estate Acquired Through Foreclosure (in Dollars) | $6,595 | $7,928 | $6,595 | $7,928 | $7,335 | $7,502 | $8,296 | $10,911 | ' | $5,600 | $6,500 |
Number of Real Estate Properties | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 1 |
Foreclosed Real Estate Expense (in Dollars) | $661 | $173 | $1,691 | $2,905 | ' | ' | ' | ' | ' | $337 | ' |
Note_10_Foreclosed_Real_Estate3
Note 10 - Foreclosed Real Estate and Repossessed Personal Property (Details) - Foreclosed Real Estate and Repossessed Personal Property (USD $) | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||||
Foreclosed Real Estate And Repossessed Personal Property [Abstract] | ' | ' | ' | ' | ' | ' |
Foreclosed real estate | $6,595 | $7,335 | $7,502 | $7,928 | $8,296 | $10,911 |
Repossessed personal property | 50 | ' | 43 | ' | ' | ' |
Total foreclosed real estate and repossessed personal property | $6,645 | ' | $7,545 | ' | ' | ' |
Note_10_Foreclosed_Real_Estate4
Note 10 - Foreclosed Real Estate and Repossessed Personal Property (Details) - Changes in Foreclosed Real Estate Portfolio (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Changes in Foreclosed Real Estate Portfolio [Abstract] | ' | ' | ' | ' |
Foreclosed real estate, beginning of period | $7,335 | $8,296 | $7,502 | $10,911 |
Plus: new foreclosed real estate | 165 | 602 | 1,285 | 2,073 |
Less: proceeds from sale of foreclosed real estate | -283 | -846 | -756 | -2,363 |
Plus: gain on sale of foreclosed real estate | 13 | 22 | 63 | 112 |
Less: writedowns and losses charged to expense | -635 | -146 | -1,499 | -2,805 |
Foreclosed real estate, end of period | $6,595 | $7,928 | $6,595 | $7,928 |
Note_11_BankOwned_Life_Insuran1
Note 11 - Bank-Owned Life Insurance (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 |
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 | 10.3 | 10 |
Former Executive Management [Member] | ' | ' |
Note 11 - Bank-Owned Life Insurance (Details) [Line Items] | ' | ' |
Cash Surrender Value of Life Insurance | $1.60 | $1.60 |
Note_12_Deposits_Details
Note 12 - Deposits (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Disclosure Text Block [Abstract] | ' | ' |
Deposit Liabilities Reclassified as Loans Receivable | $499,000 | $564,000 |
Interest-bearing Domestic Deposit, Brokered | $0 | $0 |
Note_12_Deposits_Details_Compo
Note 12 - Deposits (Details) - Composition of Deposits (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Composition of Deposits [Abstract] | ' | ' |
Transaction deposits | $531,946 | $494,289 |
Money market deposits | 139,552 | 136,476 |
Savings deposits | 89,406 | 79,760 |
Time deposits $100,000 and greater | 69,611 | 79,654 |
Time deposits less than $100,000 | 105,774 | 117,181 |
Total deposits | $936,289 | $907,360 |
Note_12_Deposits_Details_Inter
Note 12 - Deposits (Details) - Interest Expense on Deposits (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Interest Expense on Deposits [Abstract] | ' | ' | ' | ' |
Transaction deposits | $11 | $10 | $31 | $29 |
Money market deposits | 10 | 8 | 28 | 23 |
Savings deposits | 2 | 2 | 6 | 7 |
Time deposits | 101 | 455 | 309 | 1,813 |
Total interest expense on deposits | $124 | $475 | $374 | $1,872 |
Note_13_Borrowings_Details
Note 13 - Borrowings (Details) (USD $) | 9 Months Ended | 0 Months Ended | 9 Months Ended | ||||||||
Sep. 30, 2014 | Dec. 31, 2013 | Oct. 01, 2014 | Oct. 01, 2014 | Oct. 01, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | |
Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Available as Lendable Collateral [Member] | Available as Lendable Collateral [Member] | Secured Debt [Member] | Secured Debt [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | |||
Partial Conversion [Member] | Secured Line Converted To Unsecured Line [Member] | ||||||||||
Secured Line Converted To Unsecured Line [Member] | |||||||||||
Note 13 - Borrowings (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Securities Sold under Agreements to Repurchase, Fair Value of Collateral | $23,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Federal Home Loan Bank Advances, General Debt Obligations Disclosures, Percentage of Maximum Amount Available | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Federal Reserve Advances, General Debt Obligations Disclosures, Loans and Securities Pledged | 1,600,000 | 2,200,000 | ' | ' | ' | 1,600,000 | 2,100,000 | ' | ' | ' | ' |
Line of Credit Facility, Number of Lines | 7 | ' | ' | ' | ' | ' | ' | 3 | 3 | 4 | 2 |
Number of Banks | ' | 4 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | 80,000,000 | 60,000,000 | ' | ' | ' | ' | ' | 35,000,000 | ' | 45,000,000 | ' |
Line of Credit Facility, Number of Lines Acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' |
Additional Line of Credit Acquired | 20,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Number of Lines Converted to Unsecured | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' |
Long-term Line of Credit | ' | ' | $15,000,000 | $5,000,000 | ' | ' | ' | ' | ' | ' | ' |
Note_13_Borrowings_Details_FHL
Note 13 - Borrowings (Details) - FHLB Borrowed Funds Utilization and Availability (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' |
FHLB advances outstanding | ' | $35,000 |
Excess lendable collateral value pledged to serve against FHLB advances | 74,090 | 55,225 |
Investment Security [Member] | ' | ' |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ' | ' |
Available lendable loan collateral value pledged to serve against FHLB advances | $74,090 | $90,225 |
Note_13_Borrowings_Details_Lin
Note 13 - Borrowings (Details) - Lines of Credit (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Line of Credit Facility [Line Items] | ' | ' |
Available facility | $80,000 | $60,000 |
Count | 7 | ' |
Secured Debt [Member] | ' | ' |
Line of Credit Facility [Line Items] | ' | ' |
Available facility | 35,000 | ' |
Count | 3 | 3 |
Unsecured Debt [Member] | ' | ' |
Line of Credit Facility [Line Items] | ' | ' |
Available facility | $45,000 | ' |
Count | 4 | 2 |
Note_14_Shareholders_Equity_De
Note 14 - Shareholders' Equity (Details) (USD $) | 3 Months Ended | 9 Months Ended | 1 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Oct. 31, 2014 | Oct. 24, 2014 | |
Subsequent Event [Member] | Subsequent Event [Member] | ||||
Note 14 - Shareholders' Equity (Details) [Line Items] | ' | ' | ' | ' | ' |
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 | 75,000,000 | ' | ' |
Common Stock, Shares, Issued | 12,793,543 | 12,793,543 | 12,784,605 | ' | ' |
Common Stock, Shares, Outstanding | 12,793,543 | 12,793,543 | 12,784,605 | ' | ' |
Common Stock, Capital Shares Reserved for Future Issuance | ' | ' | ' | ' | 196,916 |
Preferred Stock, Shares Authorized | 2,500,000 | 2,500,000 | 2,500,000 | ' | ' |
Common Stock, Dividends, Per Share, Declared (in Dollars per share) | $0.05 | $0.05 | ' | $0.05 | ' |
Note_14_Shareholders_Equity_De1
Note 14 - Shareholders' Equity (Details) - Changes in Accumulated Other Comprehensive Loss by Component (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Changes in Accumulated Other Comprehensive Loss by Component [Abstract] | ' | ' |
Net unrealized loss on investment securities available for sale | ($1,460) | ($2,990) |
Net unrealized defined benefit pension plan actuarial loss | -7,303 | -7,303 |
Total accumulated other comprehensive loss, net of tax | ($8,763) | ($10,293) |
Note_14_Shareholders_Equity_De2
Note 14 - Shareholders' Equity (Details) - Dividends (USD $) | 3 Months Ended | 9 Months Ended |
Sep. 30, 2014 | Sep. 30, 2014 | |
Dividends Payable [Line Items] | ' | ' |
7/17/14 | $0.05 | $0.05 |
Dividend Paid [Member] | ' | ' |
Dividends Payable [Line Items] | ' | ' |
7/17/14 | ' | 7-Aug-14 |
7/17/14 | ' | 18-Aug-14 |
7/17/14 | ' | $0.05 |
Note_15_Income_Taxes_Details
Note 15 - Income Taxes (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | |||||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2010 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | |
Private Placement [Member] | Domestic Tax Authority [Member] | Related to Reversal of Valuation Allowance on Deferred Tax Assets [Member] | Operating Loss Carryforward [Member] | Operating Loss Carryforward Expiring 2031 [Member] | Operating Loss Carryforward Expiring 2032 [Member] | |||||
Note 15 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Loss Carryforwards | ' | ' | ' | ' | ' | $9,300,000 | ' | ' | ' | ' |
Income Tax Expense (Benefit) | 1,189,000 | -19,386,000 | 3,539,000 | -18,191,000 | ' | ' | -21,000,000 | -9,000,000 | -7,500,000 | -1,500,000 |
Deferred Tax Assets, Net of Valuation Allowance | ' | ' | ' | ' | ' | 18,100,000 | ' | ' | ' | ' |
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | ' | ' | ' | ' | ' | ' | -21,000,000 | ' | ' | ' |
Stock Issued During Period, Shares, New Issues (in Shares) | ' | ' | ' | ' | 9,993,995 | ' | ' | ' | ' | ' |
Share Price (in Dollars per share) | ' | ' | ' | ' | $10.40 | ' | ' | ' | ' | ' |
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 | ' | ' | ' | ' | ' | ' | ' |
Note_16_Benefit_Plans_Details
Note 16 - Benefit Plans (Details) (USD $) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 1 Months Ended | ||||||||
Jul. 30, 2014 | Apr. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2007 | Dec. 31, 2013 | Oct. 31, 2014 | Dec. 31, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | |
Subsequent Event [Member] | Scenario, Forecast [Member] | Other Assets [Member] | Other Liabilities [Member] | ||||||||||
Note 16 - Benefit Plans (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | ' | ' | 0.25% | ' | ' | ' | 0.10% | ' | ' | ' | ' | ' | ' |
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | ' | ' | 6.00% | ' | ' | ' | 6.00% | ' | ' | ' | ' | ' | ' |
Defined Contribution Plan, Employer Discretionary Contribution Amount | ' | ' | $22,000 | $13,000 | $49,000 | $13,000 | ' | ' | ' | ' | ' | ' | ' |
Assets in the Benefit Equalization Plan | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | 39,000 | ' |
Liabilities in the Benefit Equalization Plan | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | 39,000 |
Criteria for Defined Benefit Pension Plan | ' | ' | ' | ' | ' | ' | ' | '12 months | ' | ' | ' | ' | ' |
Attainable Age for Continuous Servicing in Defined Pension Plan | ' | ' | ' | ' | ' | ' | ' | '21 years | ' | ' | ' | ' | ' |
Defined Benefit Pension Plan, Liabilities | ' | ' | 975,000 | ' | 975,000 | ' | ' | ' | 1,300,000 | ' | ' | ' | ' |
Defined Benefit Plan, Contributions by Employer | $400,000 | $400,000 | ' | ' | ' | ' | ' | ' | ' | $400,000 | $400,000 | ' | ' |
Note_16_Benefit_Plans_Details_
Note 16 - Benefit Plans (Details) - Employee Benefit Plans (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Employee Benefit Plans [Abstract] | ' | ' | ' | ' |
Interest cost | $273 | $210 | $685 | $631 |
Expected return on plan assets | -319 | -283 | -806 | -850 |
Amortization of net actuarial loss | 197 | 243 | 573 | 728 |
Net periodic pension expense | $151 | $170 | $452 | $509 |
Note_16_Benefit_Plans_Details_1
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Pension Plan assets | $16,617 | $16,798 |
Cash and Cash Equivalents [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Pension Plan assets | 5,326 | 4,440 |
US Government Agencies Debt Securities [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Pension Plan assets | ' | 549 |
State and Municipal [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Pension Plan assets | ' | 470 |
Corporate Debt Securities [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Pension Plan assets | ' | 3,398 |
Mutual Funds [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Pension Plan assets | 912 | 3,596 |
Corporate Stocks [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Pension Plan assets | 1,066 | 3,329 |
Exchange Traded Funds [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Pension Plan assets | 9,142 | 287 |
Foreign Equities [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Pension Plan assets | 166 | 694 |
Accrued Interest Receivable [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Pension Plan assets | 1 | 30 |
Other Plan Assets [Member] | ' | ' |
Note 16 - Benefit Plans (Details) - Fair Value of Pension Plan Assets by Major Category [Line Items] | ' | ' |
Pension Plan assets | $4 | $5 |
Note_16_Benefit_Plans_Details_2
Note 16 - Benefit Plans (Details) - Defined Benefit Pension Plan Assets Measured at Fair Value (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note 16 - Benefit Plans (Details) - Defined Benefit Pension Plan Assets Measured at Fair Value [Line Items] | ' | ' |
Pension Plan assets | $16,617 | $16,798 |
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 | 6,397 | 7,804 |
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 | $10,220 | $8,994 |
Note_17_Equity_Based_Compensat2
Note 17 - Equity Based Compensation (Details) (USD $) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Restricted Stock [Member] | Other than Management Members of Board of Directors [Member] | 2011 Stock Incentive Plan [Member] | ' | ' | ' | ' |
Note 17 - Equity Based Compensation (Details) [Line Items] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Non-option Equity Instruments, Granted, Value (in Dollars) | $70,000 | ' | ' | ' |
Restricted Stock [Member] | Team Member [Member] | 2011 Stock Incentive Plan [Member] | ' | ' | ' | ' |
Note 17 - Equity Based Compensation (Details) [Line Items] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted | 2,500 | ' | ' | ' |
Restricted Stock [Member] | Director [Member] | 2011 Stock Incentive Plan [Member] | ' | ' | ' | ' |
Note 17 - Equity Based Compensation (Details) [Line Items] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 2,547 | ' | ' | ' |
Restricted Stock [Member] | 2008 Restricted Stock Plan [Member] | ' | ' | ' | ' |
Note 17 - Equity Based Compensation (Details) [Line Items] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 0 | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | 0 | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share) | $27.55 | $27.55 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number | 62,386 | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 4,255 | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 6,989 | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 114 | ' | ' | ' |
Restricted Stock [Member] | 2011 Stock Incentive Plan [Member] | ' | ' | ' | ' |
Note 17 - Equity Based Compensation (Details) [Line Items] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 10,451 | 8,811 | 8,020 | 89,751 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | 625 | 575 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share) | $13.07 | $13.70 | $6.50 | $10.48 |
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number | 115,833 | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 36,870 | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 76,463 | 103,507 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted | 5,404 | ' | ' | ' |
Team Member [Member] | 2011 Stock Incentive Plan [Member] | ' | ' | ' | ' |
Note 17 - Equity Based Compensation (Details) [Line Items] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 4,000 | ' | ' | ' |
1997 Stock Compensation Plan [Member] | ' | ' | ' | ' |
Note 17 - Equity Based Compensation (Details) [Line Items] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value (in Dollars) | 0 | 0 | ' | ' |
2008 Restricted Stock Plan [Member] | ' | ' | ' | ' |
Note 17 - Equity Based Compensation (Details) [Line Items] | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars) | 60,000 | ' | ' | ' |
2011 Stock Incentive Plan [Member] | ' | ' | ' | ' |
Note 17 - Equity Based Compensation (Details) [Line Items] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 196,916 | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 4,000 | ' | ' | 383,251 |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars) | $646,000 | ' | ' | ' |
Note_17_Equity_Based_Compensat3
Note 17 - Equity Based Compensation (Details) - Stock Option Activity for 1997 Plan (1997 Stock Compensation Plan [Member], USD $) | 9 Months Ended |
Sep. 30, 2014 | |
1997 Stock Compensation Plan [Member] | ' |
Note 17 - Equity Based Compensation (Details) - Stock Option Activity for 1997 Plan [Line Items] | ' |
Outstanding, December 31, 2013 | 6,450 |
Outstanding, December 31, 2013 | $103.89 |
Outstanding, September 30, 2014 | 2,950 |
Outstanding, September 30, 2014 | $109.80 |
Forfeited | -1,250 |
Forfeited | $109.20 |
Expired | -2,250 |
Expired | $93.20 |
Note_17_Equity_Based_Compensat4
Note 17 - Equity Based Compensation (Details) - Information Regarding Stock Options Under Plan that are Outstanding and Exerciable (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Note 17 - Equity Based Compensation (Details) - Information Regarding Stock Options Under Plan that are Outstanding and Exerciable [Line Items] | ' |
Number of stock options outstanding and exercisable | 2,950 |
Weighted-average remaining contractual life | '1 year 219 days |
Range One [Member] | ' |
Note 17 - Equity Based Compensation (Details) - Information Regarding Stock Options Under Plan that are Outstanding and Exerciable [Line Items] | ' |
Weighted-average exercise price | 106.4 |
Number of stock options outstanding and exercisable | 250 |
Weighted-average remaining contractual life | '109 days |
Range Two [Member] | ' |
Note 17 - Equity Based Compensation (Details) - Information Regarding Stock Options Under Plan that are Outstanding and Exerciable [Line Items] | ' |
Weighted-average exercise price | 109.2 |
Number of stock options outstanding and exercisable | 2,500 |
Weighted-average remaining contractual life | '1 year 244 days |
Range Three [Member] | ' |
Note 17 - Equity Based Compensation (Details) - Information Regarding Stock Options Under Plan that are Outstanding and Exerciable [Line Items] | ' |
Weighted-average exercise price | 121.6 |
Number of stock options outstanding and exercisable | 200 |
Weighted-average remaining contractual life | '2 years 109 days |
Note_17_Equity_Based_Compensat5
Note 17 - Equity Based Compensation (Details) - Stock Options and Restricted Stock Activity (USD $) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 17 - Equity Based Compensation (Details) - Stock Options and Restricted Stock Activity [Line Items] | ' | ' | ' | ' |
Grants, weighted-average exercise price (in Dollars per share) | $12.96 | ' | ' | ' |
Restricted Stock [Member] | 2011 Stock Incentive Plan [Member] | ' | ' | ' | ' |
Note 17 - Equity Based Compensation (Details) - Stock Options and Restricted Stock Activity [Line Items] | ' | ' | ' | ' |
Grants, shares of restricted stock | 10,451 | 8,811 | 8,020 | 89,751 |
Grants, weighted-average grant date fair value per share (in Dollars per share) | $13.07 | $13.70 | $6.50 | $10.48 |
Forfeitures, shares of restricted stock | -625 | -575 | ' | ' |
Forfeitures, weighted-average grant date fair value per share (in Dollars per share) | $6.50 | $13.95 | ' | ' |
Granted, net of forfeitures, September 30, 2014 | 115,833 | ' | ' | ' |
2011 Stock Incentive Plan [Member] | ' | ' | ' | ' |
Note 17 - Equity Based Compensation (Details) - Stock Options and Restricted Stock Activity [Line Items] | ' | ' | ' | ' |
Grants | 14,451 | 8,811 | 8,020 | 473,002 |
Grants, stock options outstanding | 4,000 | ' | ' | 383,251 |
Grants, weighted-average exercise price (in Dollars per share) | $12.96 | ' | ' | $10.51 |
Forfeitures | -625 | -575 | ' | ' |
Granted, net of forfeitures, September 30, 2014 | 503,084 | ' | ' | ' |
Outstanding, September 30, 2014 | 376,001 | ' | ' | ' |
Outstanding, September 30, 2014 (in Dollars per share) | $10.52 | ' | ' | ' |
Total shares available for grant under the 2011 Plan | 700,000 | ' | ' | ' |
Remaining shares available for grant, September 30, 2014 | 196,916 | ' | ' | ' |
2013 Exercises | ' | -11,250 | ' | ' |
2013 Exercises (in Dollars per share) | ' | $11 | ' | ' |
Note_17_Equity_Based_Compensat6
Note 17 - Equity Based Compensation (Details) - Restricted Stock Vesting Status (Restricted Stock [Member], 2011 Stock Incentive Plan [Member]) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Restricted Stock [Member] | 2011 Stock Incentive Plan [Member] | ' | ' | ' | ' |
Note 17 - Equity Based Compensation (Details) - Restricted Stock Vesting Status [Line Items] | ' | ' | ' | ' |
Unvested, December 31, 2013 | 103,507 | ' | ' | ' |
Unvested, September 30, 2014 | 76,463 | 103,507 | ' | ' |
Grants | 10,451 | 8,811 | 8,020 | 89,751 |
Forfeited | -625 | -575 | ' | ' |
Vested | -36,870 | ' | ' | ' |
Note_17_Equity_Based_Compensat7
Note 17 - Equity Based Compensation (Details) - Stock Options Outstanding (2011 Stock Incentive Plan [Member], USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Weighted-average exercise price | ' |
Number of stock options, outstanding | 376,001 |
Weighted-average remaining contractual life, outstanding | '6 years 251 days |
Value of in-the-money stock options, outstanding | $1,360,304 |
Number of stock options, exercisable | 118,917 |
Weighted-average remaining contractual life, exercisable | '6 years 237 days |
Value of in-the-money stock options, exercisable | 435,900 |
Range One [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Weighted-average exercise price | $10.40 |
Number of stock options, outstanding | 312,501 |
Weighted-average remaining contractual life, outstanding | '6 years 229 days |
Value of in-the-money stock options, outstanding | 1,168,754 |
Number of stock options, exercisable | 104,167 |
Weighted-average remaining contractual life, exercisable | '6 years 229 days |
Value of in-the-money stock options, exercisable | 389,585 |
Range Two [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Weighted-average exercise price | $11 |
Number of stock options, outstanding | 59,500 |
Weighted-average remaining contractual life, outstanding | '6 years 292 days |
Value of in-the-money stock options, outstanding | 186,830 |
Number of stock options, exercisable | 14,750 |
Weighted-average remaining contractual life, exercisable | '6 years 292 days |
Value of in-the-money stock options, exercisable | 46,315 |
Range Three [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Weighted-average exercise price | $12.96 |
Number of stock options, outstanding | 4,000 |
Weighted-average remaining contractual life, outstanding | '9 years 142 days |
Value of in-the-money stock options, outstanding | $4,720 |
Note_17_Equity_Based_Compensat8
Note 17 - Equity Based Compensation (Details) - Fair Value of Stock Option Award Granted (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Fair Value of Stock Option Award Granted [Abstract] | ' |
Option exercise price, per share | $12.96 |
Fair value of stock option awards granted, per share | $6.87 |
Expected volatility | 50.00% |
Risk-free interest rate | 2.19% |
Expected term (years) | '7 years |
Vesting period (years) | '3 years |
Note_17_Equity_Based_Compensat9
Note 17 - Equity Based Compensation (Details) - Compensation Expense (Restricted Stock And Stock Options [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Note 17 - Equity Based Compensation (Details) - Compensation Expense [Line Items] | ' | ' | ' | ' |
Equity-based Compensation Expense | $167 | $263 | $604 | $896 |
Income tax benefit | 61 | ' | 222 | ' |
2008 Restricted Stock Plan [Member] | ' | ' | ' | ' |
Note 17 - Equity Based Compensation (Details) - Compensation Expense [Line Items] | ' | ' | ' | ' |
Equity-based Compensation Expense | 11 | 67 | 73 | 269 |
2011 Stock Incentive Plan [Member] | ' | ' | ' | ' |
Note 17 - Equity Based Compensation (Details) - Compensation Expense [Line Items] | ' | ' | ' | ' |
Equity-based Compensation Expense | $156 | $196 | $531 | $627 |
Note_18_Average_Share_Informat2
Note 18 - Average Share Information (Details) - Reconciliation of Denominators of the Basic and Diluted Net Income Per Share (USD $) | 3 Months Ended | 9 Months Ended | |||||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |||
Basic net income per common share | ' | ' | ' | ' | |||
Net Income | $1,982 | $22,233 | $6,037 | $25,908 | |||
Undistributed earnings allocated to participating securities | -9 | -200 | -42 | -232 | |||
Net income allocated to common shareholders | 1,973 | 22,033 | 5,995 | 25,676 | |||
Average common shares issued and outstanding (in Shares) | 12,710,091 | 12,663,162 | 12,692,006 | 12,655,473 | |||
Dilutive potential common shares (1) (in Shares) | 61,543 | [1] | 11,581 | [1] | 49,970 | [1] | ' |
Total diluted average common shares issued and outstanding (in Shares) | 12,771,634 | 12,674,743 | 12,741,976 | 12,655,473 | |||
Diluted net income per common share (in Dollars per share) | $0.15 | $1.74 | $0.47 | $2.03 | |||
Undistributed earnings allocated to participating securities | -9 | -200 | -42 | -233 | |||
Net income allocated to common shareholders | $1,973 | $22,033 | $5,995 | $25,675 | |||
Basic net income per common share (in Dollars per share) | $0.15 | $1.74 | $0.47 | $2.03 | |||
[1] | Includes dilutive impact of restricted stock and stock options, as applicable |
Note_19_Commitments_Guarantees2
Note 19 - Commitments, Guarantees and Other Contingencies (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Note 19 - Commitments, Guarantees and Other Contingencies (Details) [Line Items] | ' | ' |
Maximum Potential Commitment Under Letters of Credit | $4,100,000 | $3,700,000 |
Reserve for Unfunded Commitments | 138,000 | 259,000 |
Private Limited Partnership Interests [Member] | Plexus Fund III, L.P. [Member] | ' | ' |
Note 19 - Commitments, Guarantees and Other Contingencies (Details) [Line Items] | ' | ' |
Commitments Raised | 450,000 | ' |
Subscription Agreement [Member] | ' | ' |
Note 19 - Commitments, Guarantees and Other Contingencies (Details) [Line Items] | ' | ' |
Guarantor Obligations, Maximum Exposure, Undiscounted | $2,000,000 | ' |
Percent of Capital Commitments | 1.30% | ' |
Note_19_Commitments_Guarantees3
Note 19 - Commitments, Guarantees and Other Contingencies (Details) - Contractual Amounts of the Companybs Unused Lending Commitments (USD $) | Sep. 30, 2014 |
In Thousands, unless otherwise specified | |
Note 19 - Commitments, Guarantees and Other Contingencies (Details) - Contractual Amounts of the Companybs Unused Lending Commitments [Line Items] | ' |
Unused Lending Commitments | $187,267 |
Single-family Real Estate, Revolving, Open-end Loans [Member] | ' |
Note 19 - Commitments, Guarantees and Other Contingencies (Details) - Contractual Amounts of the Companybs Unused Lending Commitments [Line Items] | ' |
Unused Lending Commitments | 65,491 |
Single Family Residential Construction Loan [Member] | ' |
Note 19 - Commitments, Guarantees and Other Contingencies (Details) - Contractual Amounts of the Companybs Unused Lending Commitments [Line Items] | ' |
Unused Lending Commitments | 7,122 |
Commercial Real Estate, Other Construction Loans, and Land Development Loan Commitments [Member] | ' |
Note 19 - Commitments, Guarantees and Other Contingencies (Details) - Contractual Amounts of the Companybs Unused Lending Commitments [Line Items] | ' |
Unused Lending Commitments | 25,050 |
Commercial and Industrial [Member] | ' |
Note 19 - Commitments, Guarantees and Other Contingencies (Details) - Contractual Amounts of the Companybs Unused Lending Commitments [Line Items] | ' |
Unused Lending Commitments | 42,156 |
Overdraft Protection Line [Member] | ' |
Note 19 - Commitments, Guarantees and Other Contingencies (Details) - Contractual Amounts of the Companybs Unused Lending Commitments [Line Items] | ' |
Unused Lending Commitments | 30,538 |
Other Loans [Member] | ' |
Note 19 - Commitments, Guarantees and Other Contingencies (Details) - Contractual Amounts of the Companybs Unused Lending Commitments [Line Items] | ' |
Unused Lending Commitments | $16,910 |
Note_20_Derivative_Financial_I1
Note 20 - Derivative Financial Instruments and Hedging Activities (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Note 20 - Derivative Financial Instruments and Hedging Activities (Details) [Line Items] | ' | ' | ' | ' | ' |
Derivative Asset | $9 | ' | $9 | ' | $204 |
Derivative Liability | 2 | ' | 2 | ' | 7 |
Loan Origination Commitments [Member] | Other Assets [Member] | ' | ' | ' | ' | ' |
Note 20 - Derivative Financial Instruments and Hedging Activities (Details) [Line Items] | ' | ' | ' | ' | ' |
Derivative Asset | 9 | ' | 9 | ' | 176 |
Loan Origination Commitments [Member] | Other Liabilities [Member] | ' | ' | ' | ' | ' |
Note 20 - Derivative Financial Instruments and Hedging Activities (Details) [Line Items] | ' | ' | ' | ' | ' |
Derivative Liability | ' | ' | ' | ' | 3 |
Loan Origination Commitments [Member] | ' | ' | ' | ' | ' |
Note 20 - Derivative Financial Instruments and Hedging Activities (Details) [Line Items] | ' | ' | ' | ' | ' |
Commitments and Contingencies | 215 | ' | 215 | ' | 7,300 |
Derivative, Gain (Loss) on Derivative, Net | -223 | 147 | 165 | 78 | ' |
Forward Sales Commitment [Member] | Other Assets [Member] | ' | ' | ' | ' | ' |
Note 20 - Derivative Financial Instruments and Hedging Activities (Details) [Line Items] | ' | ' | ' | ' | ' |
Derivative Asset | 2 | ' | 2 | ' | 28 |
Forward Sales Commitment [Member] | Other Liabilities [Member] | ' | ' | ' | ' | ' |
Note 20 - Derivative Financial Instruments and Hedging Activities (Details) [Line Items] | ' | ' | ' | ' | ' |
Derivative Liability | ' | ' | ' | ' | 4 |
Forward Sales Commitment [Member] | ' | ' | ' | ' | ' |
Note 20 - Derivative Financial Instruments and Hedging Activities (Details) [Line Items] | ' | ' | ' | ' | ' |
Commitments and Contingencies | 715 | ' | 715 | ' | 6,800 |
Derivative, Gain (Loss) on Derivative, Net | $38 | ($245) | $27 | $85 | ' |
Note_21_Disclosures_Regarding_2
Note 21 - Disclosures Regarding Fair Value (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Fair Value Disclosures [Abstract] | ' | ' |
Liabilities, Fair Value Disclosure, Nonrecurring | $0 | $0 |
Note_21_Disclosures_Regarding_3
Note 21 - Disclosures Regarding Fair Value (Details) - Assets and Liabilities Measured at Fair Value on a Recurring Basis (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Trading account assets | $5,458 | $5,118 |
Available for sale securities fair value | 214,582 | 214,383 |
Derivative financial instruments, assets | 9 | 204 |
Total assets measured at fair value on a recurring basis | 220,049 | 219,705 |
Liabilities | ' | ' |
Derivative financial instruments, liabilities | 2 | 7 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets | ' | ' |
Available for sale securities fair value | 1,925 | ' |
US Government Agencies Debt Securities [Member] | ' | ' |
Assets | ' | ' |
Available for sale securities fair value | 1,925 | ' |
State and Municipal [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets | ' | ' |
Available for sale securities fair value | 5,763 | 7,460 |
State and Municipal [Member] | ' | ' |
Assets | ' | ' |
Available for sale securities fair value | 5,763 | 7,460 |
Collateralized Mortgage Obligations (Federal Agencies) [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets | ' | ' |
Available for sale securities fair value | 1,079 | ' |
Collateralized Mortgage Obligations (Federal Agencies) [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets | ' | ' |
Available for sale securities fair value | 89,731 | 93,132 |
Collateralized Mortgage Obligations (Federal Agencies) [Member] | ' | ' |
Assets | ' | ' |
Available for sale securities fair value | 90,810 | 93,132 |
Other Mortgage-Backed (Federal Agencies) [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets | ' | ' |
Available for sale securities fair value | 1,300 | 1,188 |
Other Mortgage-Backed (Federal Agencies) [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets | ' | ' |
Available for sale securities fair value | 78,434 | 74,832 |
Other Mortgage-Backed (Federal Agencies) [Member] | ' | ' |
Assets | ' | ' |
Available for sale securities fair value | 79,734 | 76,020 |
SBA Loan-Backed (Federal Agencies) [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets | ' | ' |
Available for sale securities fair value | 20,825 | 20,457 |
SBA Loan-Backed (Federal Agencies) [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets | ' | ' |
Available for sale securities fair value | 15,525 | 17,314 |
SBA Loan-Backed (Federal Agencies) [Member] | ' | ' |
Assets | ' | ' |
Available for sale securities fair value | 36,350 | 37,771 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets | ' | ' |
Trading account assets | 655 | 1,347 |
Total assets measured at fair value on a recurring basis | 23,859 | 22,992 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets | ' | ' |
Trading account assets | 4,803 | 3,771 |
Derivative financial instruments, assets | 9 | 204 |
Total assets measured at fair value on a recurring basis | 196,190 | 196,713 |
Liabilities | ' | ' |
Derivative financial instruments, liabilities | $2 | $7 |
Note_21_Disclosures_Regarding_4
Note 21 - Disclosures Regarding Fair Value (Details) - Assets Measured at Fair Value on a Nonrecurring Basis (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Total assets measured at fair value on a nonrecurring basis | $220,049 | $219,705 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Assets | ' | ' |
Foreclosed real estate and repossessed personal property | 414 | 34 |
Total assets measured at fair value on a nonrecurring basis | 414 | 34 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets | ' | ' |
Total assets measured at fair value on a nonrecurring basis | 23,859 | 22,992 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Assets | ' | ' |
Mortgage loans held for sale | 268 | 1,722 |
Impaired loans in gross loans | 5,549 | 5,588 |
Foreclosed real estate and repossessed personal property | 508 | 31 |
Long-lived assets held for sale | 333 | ' |
Total assets measured at fair value on a nonrecurring basis | 6,658 | 7,341 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets | ' | ' |
Total assets measured at fair value on a nonrecurring basis | 196,190 | 196,713 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Assets | ' | ' |
Impaired loans in gross loans | ' | 25 |
Foreclosed real estate and repossessed personal property | 5,401 | 6,595 |
Long-lived assets held for sale | 99 | 685 |
Total assets measured at fair value on a nonrecurring basis | 5,500 | 7,305 |
Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Assets | ' | ' |
Mortgage loans held for sale | 268 | 1,722 |
Impaired loans in gross loans | 5,549 | 5,613 |
Foreclosed real estate and repossessed personal property | 6,323 | 6,660 |
Long-lived assets held for sale | 432 | 685 |
Total assets measured at fair value on a nonrecurring basis | $12,572 | $14,680 |
Note_21_Disclosures_Regarding_5
Note 21 - Disclosures Regarding Fair Value (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 $) | 9 Months Ended | |||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Foreclosed Real Estate and Repossessed Personal Property [Member] | Long-lived Assets Held-for-sale [Member] | |||||
Assets | ' | ' | ' | ' | ' | ' |
Foreclosed real estate | $5,401 | ' | $5,401 | $6,595 | $6,323 | $6,660 |
Foreclosed real estate | 'Appraisals of collateral value | 'Internal valuation | ' | ' | ' | ' |
Foreclosed real estate | 'Adjustments to appraisal for age of comparable sales | 'Appraisals and/or sales of comparable properties | ' | ' | ' | ' |
Long-lived assets held for sale | ' | $432 | $99 | $685 | $432 | $685 |
Long-lived assets held for sale | 'Appraisals of collateral value | 'Internal valuation | ' | ' | ' | ' |
Long-lived assets held for sale | 'Adjustments to appraisal for age of comparable sales | 'Appraisals and/or sales of comparable properties | ' | ' | ' | ' |
Note_21_Disclosures_Regarding_6
Note 21 - Disclosures Regarding Fair Value (Details) - Carrying Amount and Fair Value for Other Financial Instruments (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
In Thousands, unless otherwise specified | ||||
Carrying Amount [Member] | ' | ' | ||
Financial instruments - assets | ' | ' | ||
Loans | $758,595 | [1] | $748,243 | [1] |
Financial instruments - liabilities | ' | ' | ||
Deposits | 936,289 | 907,360 | ||
Fair Value [Member] | ' | ' | ||
Financial instruments - assets | ' | ' | ||
Loans | 757,336 | [1] | 748,330 | [1] |
Financial instruments - liabilities | ' | ' | ||
Deposits | $920,135 | $896,858 | ||
[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 Companybs and the Bankbs Actual and Required Capital Ratios (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Parent Company [Member] | ' | ' |
Total capital to risk-weighted assets | ' | ' |
Total capital to risk-weighted assets, actual amount | $140,399 | $130,043 |
Total capital to risk-weighted assets, actual ratio | 16.67% | 15.49% |
Total capital to risk-weighted assets, for capital adequacy purposes amount | 67,373 | 67,142 |
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 | ' | ' |
Total capital to risk-weighted assets, to be well capitalized under prompt corrective action provisions ratio | ' | ' |
Tier 1 capital to risk-weighted assets | ' | ' |
Tier 1 capital to risk-weighted assets, actual amount | 129,810 | 119,475 |
Tier 1 capital to risk-weighted assets, actual ratio | 15.41% | 14.24% |
Tier 1 capital to risk-weighted assets, for capital adequacy purposes amount | 33,687 | 33,571 |
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 capital to risk-weighted assets, to be well capitalized under prompt corrective action provisions ratio | ' | ' |
Tier 1 leverage ratio | ' | ' |
Tier 1 leverage ratio, actual amount | 129,810 | 119,475 |
Tier 1 leverage ratio, actual ratio | 12.01% | 11.03% |
Tier 1 leverage ratio, for capital adequacy purposes amount | 43,235 | 43,309 |
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 | ' | ' |
Tier 1 leverage ratio, to be well capitalized under prompt corrective action provisions ratio | ' | ' |
The Palmetto Bank [Member] | ' | ' |
Total capital to risk-weighted assets | ' | ' |
Total capital to risk-weighted assets, actual amount | 140,171 | 129,956 |
Total capital to risk-weighted assets, actual ratio | 16.64% | 15.48% |
Total capital to risk-weighted assets, for capital adequacy purposes amount | 67,370 | 67,142 |
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 | 84,213 | 83,928 |
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 | 129,583 | 119,388 |
Tier 1 capital to risk-weighted assets, actual ratio | 15.39% | 14.23% |
Tier 1 capital to risk-weighted assets, for capital adequacy purposes amount | 33,685 | 33,571 |
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 | 50,528 | 50,357 |
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 | 129,583 | 119,388 |
Tier 1 leverage ratio, actual ratio | 11.99% | 11.03% |
Tier 1 leverage ratio, for capital adequacy purposes amount | 43,225 | 43,311 |
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 | $54,031 | $54,138 |
Tier 1 leverage ratio, to be well capitalized under prompt corrective action provisions ratio | 5.00% | 5.00% |