Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Mar. 07, 2014 | Jun. 28, 2013 |
Document And Entity Information [Abstract] | ' | ' | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Trading Symbol | 'UCFC | ' | ' |
Entity Registrant Name | 'UNITED COMMUNITY FINANCIAL CORP | ' | ' |
Entity Central Index Key | '0000707886 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 50,421,076 | ' |
Entity Public Float | ' | ' | $226.50 |
Consolidated_Statements_of_Fin
Consolidated Statements of Financial Condition (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Cash and deposits with banks | $20,937 | $26,041 |
Federal funds sold | 56,394 | 16,572 |
Total cash and cash equivalents | 77,331 | 42,613 |
Securities: | ' | ' |
Available for sale, at fair value | 511,006 | 574,562 |
Loans held for sale | 4,838 | 13,031 |
Loans, net of allowance for loan losses of $21,116 and $21,130 | 1,029,192 | 1,066,240 |
Federal Home Loan Bank stock, at cost | 26,464 | 26,464 |
Premises and equipment, net | 20,924 | 21,549 |
Accrued interest receivable | 5,694 | 6,238 |
Real estate owned and other repossessed assets, net | 6,341 | 18,440 |
Core deposit intangible | 152 | 238 |
Cash surrender value of life insurance | 44,972 | 28,881 |
Other assets | 10,936 | 10,109 |
Total assets | 1,737,850 | 1,808,365 |
Deposits: | ' | ' |
Non-interest bearing | 170,590 | 159,767 |
Interest bearing | 1,221,162 | 1,302,307 |
Total deposits | 1,391,752 | 1,462,074 |
Borrowed funds: | ' | ' |
Federal Home Loan Bank advances | 50,000 | 50,000 |
Repurchase agreements and other | 90,578 | 90,598 |
Total borrowed funds | 140,578 | 140,598 |
Advance payments by borrowers for taxes and insurance | 20,060 | 23,590 |
Accrued interest payable | 550 | 563 |
Accrued expenses and other liabilities | 9,836 | 10,780 |
Total liabilities | 1,562,776 | 1,637,605 |
Commitments and contingent liabilities (Note 5 and Note 13) | ' | ' |
Shareholders' Equity | ' | ' |
Preferred stock-no par value; 1,000,000 shares authorized and no shares issued and outstanding | ' | ' |
Common stock - no par value; 499,000,000 shares authorized; 54,138,910 and 37,804,457 shares, respectively issued and 50,339,089 and 33,027,886 shares, respectively, outstanding | 174,719 | 128,026 |
Retained earnings | 81,515 | 86,345 |
Accumulated other comprehensive income (loss) | -41,665 | 6,682 |
Treasury stock, at cost, 3,799,821 and 4,776,571 shares, respectively | -39,495 | -50,293 |
Total shareholders' equity | 175,074 | 170,760 |
Total liabilities and shareholders' equity | $1,737,850 | $1,808,365 |
Consolidated_Statements_of_Fin1
Consolidated Statements of Financial Condition (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Allowance for loan losses | $21,116 | $21,130 |
Preferred stock, par value | ' | ' |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | ' | ' |
Preferred stock, shares outstanding | ' | ' |
Common stock, par value | ' | ' |
Common stock, shares authorized | 499,000,000 | 499,000,000 |
Common stock, shares issued | 54,138,910 | 37,804,457 |
Common stock, shares outstanding | 50,339,089 | 33,027,886 |
Treasury stock, shares | 3,799,821 | 4,776,571 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Interest income | ' | ' | ' |
Loans | $49,724 | $63,044 | $82,290 |
Loans held for sale | 310 | 424 | 542 |
Securities available for sale | 13,454 | 13,741 | 12,366 |
Federal Home Loan Bank stock dividends | 1,107 | 1,175 | 1,125 |
Other interest earning assets | 149 | 60 | 64 |
Total interest income | 64,744 | 78,444 | 96,387 |
Interest expense | ' | ' | ' |
Deposits | 7,623 | 11,896 | 24,341 |
Federal Home Loan Bank advances | 2,106 | 2,415 | 3,162 |
Repurchase agreements and other | 3,684 | 3,695 | 3,709 |
Total interest expense | 13,413 | 18,006 | 31,212 |
Net interest income | 51,331 | 60,438 | 65,175 |
Provision for loan losses | 4,116 | 39,325 | 24,658 |
Net interest income after provision for loan losses | 47,215 | 21,113 | 40,517 |
Non-interest income | ' | ' | ' |
Non-deposit investment income | 1,562 | 1,898 | 1,398 |
Service fees and other charges | 6,983 | 6,805 | 4,416 |
Net gains (losses): | ' | ' | ' |
Securities available for sale (includes $2,577, $6,325 and $8,633 respectively accumulated other comprehensive income reclassifications for unrealized net gains on available for sale securities) | 2,577 | 6,325 | 8,633 |
Other-than-temporary loss on equity securities | ' | ' | ' |
Total impairment loss | ' | -13 | -89 |
Loss recognized in other comprehensive income | ' | ' | ' |
Net impairment loss recognized in earnings | ' | -13 | -89 |
Mortgage banking income | 4,777 | 7,391 | 5,675 |
Real estate owned and other repossessed assets charges, net | -2,181 | -4,191 | -6,165 |
Gain on sale of a retail branches | ' | ' | 4,154 |
Other income | 6,031 | 4,516 | 5,203 |
Total non-interest income | 19,749 | 22,731 | 23,225 |
Non-interest expense | ' | ' | ' |
Salaries and employee benefits (includes $189, $170 and $78, respectively accumulated other comprehensive income reclassification for prior service credit on the postretirement plan) | 29,913 | 32,934 | 31,160 |
Occupancy | 3,390 | 3,344 | 3,409 |
Equipment and data processing | 7,103 | 6,895 | 6,590 |
Franchise tax | 1,567 | 1,841 | 1,495 |
Advertising | 893 | 778 | 820 |
Amortization of core deposit intangible | 86 | 108 | 139 |
Prepayment penalty on FHLB advances | ' | 803 | ' |
Deposit insurance premiums | 2,347 | 4,202 | 4,855 |
Professional fees | 2,916 | 5,342 | 3,677 |
Real estate owned and other repossessed asset expenses | 1,450 | 1,743 | 2,891 |
Other expenses | 7,072 | 7,179 | 8,476 |
Total non-interest expense | 56,737 | 65,169 | 63,512 |
Income (loss) before income taxes | 10,227 | -21,325 | 230 |
Income taxes (benefit) (includes $0, $60 and $0 income tax expense from reclassification items) | 200 | -888 | ' |
Net income (loss) | 10,027 | -20,437 | 230 |
Amortization of discount on preferred stock | -6,751 | ' | ' |
Earnings (loss) available to common shareholders | 3,276 | -20,437 | 230 |
Net income (loss) | 10,027 | -20,437 | 230 |
Other comprehensive income | ' | ' | ' |
Unrealized gain/(loss) on securities, net of tax | -48,446 | 1,635 | 9,120 |
Unrealized gain and amortization of prior service credit on postretirement plan, net of tax | 99 | 15 | 690 |
Total other comprehensive income (loss) | -48,347 | 1,650 | 9,810 |
Comprehensive income (loss) | ($38,320) | ($18,787) | $10,040 |
Earnings (loss) per share | ' | ' | ' |
Basic | $0.07 | ($0.62) | $0.01 |
Diluted | $0.07 | ($0.62) | $0.01 |
Consolidated_Statements_of_Ope1
Consolidated Statements of Operations and Comprehensive Income (Loss) (Parenthetical) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Statement [Abstract] | ' | ' | ' |
Accumulated other comprehensive income | $2,577 | $6,325 | $8,633 |
Accumulated other comprehensive income reclassification for prior service credit on the postretirement plan | 189 | 170 | 78 |
Income tax expense from reclassification items | $0 | $60 | $0 |
Consolidated_Statements_of_Sha
Consolidated Statements of Shareholders' Equity (USD $) | Total | Preferred Stock [Member] | Common Stock [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Treasury Stock [Member] |
In Thousands, except Share data | ||||||
Balance at Dec. 31, 2010 | $176,055 | ' | $142,318 | $111,049 | ($4,778) | ($72,534) |
Balance, shares at Dec. 31, 2010 | ' | ' | 30,937,704 | ' | ' | ' |
Net income | 230 | ' | ' | 230 | ' | ' |
Other comprehensive loss / income | 9,810 | ' | ' | ' | 9,810 | ' |
Stock option expenses, net | 11 | ' | 11 | ' | ' | ' |
Restricted stock awards | 580 | ' | 515 | -598 | ' | 663 |
Restricted stock awards, shares | ' | ' | 62,768 | ' | ' | ' |
Issuance of common stock | 2,059 | ' | -14,813 | ' | ' | 16,872 |
Issuance of common stock, shares | ' | ' | 1,597,290 | ' | ' | ' |
Amortization of preferred stock discount | ' | ' | ' | ' | ' | ' |
Balance at Dec. 31, 2011 | 188,745 | ' | 128,031 | 110,681 | 5,032 | -54,999 |
Balance, shares at Dec. 31, 2011 | ' | ' | 32,597,762 | ' | ' | ' |
Net income | -20,437 | ' | ' | -20,437 | ' | ' |
Other comprehensive loss / income | 1,650 | ' | ' | ' | 1,650 | ' |
Stock option expenses, net | 18 | ' | 18 | ' | ' | ' |
Stock option exercises, net | 59 | ' | ' | -267 | ' | 326 |
Stock option exercises, shares | ' | ' | 31,000 | ' | ' | ' |
Restricted stock awards | 725 | ' | -23 | -3,632 | ' | 4,380 |
Restricted stock awards, shares | ' | ' | 399,124 | ' | ' | ' |
Amortization of preferred stock discount | ' | ' | ' | ' | ' | ' |
Balance at Dec. 31, 2012 | 170,760 | ' | 128,026 | 86,345 | 6,682 | -50,293 |
Balance, shares at Dec. 31, 2012 | ' | ' | 33,027,886 | ' | ' | ' |
Net income | 10,027 | ' | ' | 10,027 | ' | ' |
Other comprehensive loss / income | -48,347 | ' | ' | ' | -48,347 | ' |
Stock option expenses, net | 24 | ' | 24 | ' | ' | ' |
Stock option expenses, shares | ' | ' | ' | ' | ' | ' |
Stock option exercises, net | 155 | ' | ' | -1,051 | ' | 1,206 |
Stock option exercises, shares | 104,142 | ' | 104,142 | ' | ' | ' |
Restricted stock awards | 113 | ' | -346 | -1,175 | ' | 1,634 |
Restricted stock awards, shares | ' | ' | 116,788 | ' | ' | ' |
Issuance of common stock | 20,501 | ' | 18,423 | -5,880 | ' | 7,958 |
Issuance of common stock, shares | ' | ' | 9,148,273 | ' | ' | ' |
Issuance of preferred stock | 21,841 | 15,090 | 6,751 | ' | ' | ' |
Issuance of preferred stock, Shares | ' | 7,942 | ' | ' | ' | ' |
Amortization of preferred stock discount | -6,751 | 6,751 | ' | -6,751 | ' | ' |
Conversion of preferred stock to common stock | 6,751 | -21,841 | 21,841 | ' | ' | ' |
Conversion of preferred stock to common stock, Shares | 7,942,000 | -7,942 | 7,942,000 | ' | ' | ' |
Balance at Dec. 31, 2013 | $175,074 | ' | $174,719 | $81,515 | ($41,665) | ($39,495) |
Balance, shares at Dec. 31, 2013 | ' | ' | 50,339,089 | ' | ' | ' |
Consolidated_Statements_of_Sha1
Consolidated Statements of Shareholders' Equity (Parenthetical) (Common Stock [Member], USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Common Stock [Member] | ' |
Payments of Stock Issuance Costs | $4,655 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash Flows from Operating Activities | ' | ' | ' |
Net income (loss) | $10,027 | ($20,437) | $230 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Provision for loan losses | 4,116 | 39,325 | 24,658 |
Mortgage banking income | -4,777 | -7,391 | -5,675 |
Net losses on real estate owned and other repossessed assets sold | 2,181 | 4,191 | 6,165 |
Net gain on retail branch sold | ' | ' | -4,154 |
Net gains on available for sale securities sold | -2,577 | -6,325 | -8,633 |
Net losses (gains) on other assets sold | -10 | 59 | -16 |
Other than temporary impairment of equity securities available for sale | ' | 13 | 89 |
Amortization of premiums and accretion of discounts | 2,694 | 2,860 | -379 |
Depreciation and amortization | 1,871 | 1,624 | 1,743 |
Decrease in interest receivable | 544 | 503 | 979 |
Decrease in interest payable | -13 | -47 | -199 |
Increase in cash surrender value of bank-owned life insurance | -1,091 | -1,009 | -1,050 |
(Increase) decrease in prepaid and other assets | 919 | -104 | 9,556 |
(Decrease) increase in other liabilities | -1,060 | -63 | 2,004 |
Stock based compensation | 352 | 743 | 591 |
Net principal disbursed on loans originated for sale | -226,921 | -317,266 | -186,020 |
Proceeds from sale of loans originated for sale | 239,891 | 324,353 | 192,189 |
Net change in interest rate caps | -110 | 1,497 | 657 |
Net cash from operating activities | 26,036 | 22,526 | 32,735 |
Proceeds from principal repayments and maturities of: | ' | ' | ' |
Securities available for sale | 47,262 | 74,423 | 62,422 |
Proceeds from sale of: | ' | ' | ' |
Securities available for sale | 137,467 | 343,000 | 428,396 |
Real estate owned and other repossessed assets | 11,778 | 16,291 | 19,864 |
Premises and equipment | 20 | ' | 16 |
Proceeds from sales of loans held for investment | 13,709 | 81,836 | 97,439 |
Purchases of: | ' | ' | ' |
Securities available for sale | -170,876 | -527,713 | -573,685 |
Interest rate caps | ' | ' | -2,590 |
Bank-owned life insurance | -15,000 | ' | ' |
Net decrease in loans | 16,965 | 184,711 | 108,711 |
Loans purchased | -50 | -342 | -4,285 |
Purchases of premises and equipment | -1,223 | -2,279 | -558 |
Death benefit from bank owned life insurance | ' | 1,115 | ' |
Sale of retail branches | ' | ' | -83,003 |
Net cash from investing activities | 40,052 | 171,042 | 52,727 |
Cash Flows from Financing Activities | ' | ' | ' |
Net (decrease) increase in checking, savings and money market accounts | -3,295 | 85,694 | 78,052 |
Net decrease in certificates of deposit | -67,022 | -212,117 | -69,316 |
Net (decrease) increase in advance payments by borrowers for taxes and insurance | -3,530 | 308 | 2,614 |
Proceeds from Federal Home Loan Bank advances | 142,000 | 589,551 | 541,000 |
Repayment of Federal Home Loan Bank advances | -142,000 | -667,706 | -615,663 |
Prepayment penalties on Federal Home Loan bank advances | ' | -803 | ' |
Net change in repurchase agreements and other borrowings | -20 | -20 | -7,179 |
Proceeds from the exercise of stock options | 155 | 2 | ' |
Issuance of preferred stock | 21,841 | ' | ' |
Issuance of common stock, net of issuance costs | 20,501 | ' | 2,059 |
Net cash from financing activities | -31,370 | -205,091 | -68,433 |
Change in cash and cash equivalents | 34,718 | -11,523 | 17,029 |
Cash and cash equivalents, beginning of year | 42,613 | 54,136 | 37,107 |
Cash and cash equivalents, end of year | $77,331 | $42,613 | $54,136 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2013 | |
Accounting Policies [Abstract] | ' |
Summary of Significant Accounting Policies | ' |
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
The accounting policies of United Community Financial Corp. (United Community) and its subsidiary, The Home Savings and Loan Company of Youngstown, Ohio (Home Savings) conform to U.S. Generally Accepted Accounting Principles (GAAP) and prevailing practices within the banking and thrift industries. A summary of the more significant accounting policies follows. | |
Nature of Operations | |
The business of Home Savings is providing consumer and business banking service to its market area in Ohio and western Pennsylvania. At the end of 2013, Home Savings was doing business through 33 full-service banking branches and ten loan production offices. Loans and deposits are primarily generated from the areas where banking branches are located. Substantially all loans are secured by specific items of collateral including business assets, consumer assets, and commercial and residential real estate. Commercial loans are expected to be repaid from cash flow from operations of businesses. There are no significant concentrations of loans to any one industry or customer. However, the customers’ ability to repay their loans is dependent on the real estate and general economic conditions in the market area. Home Savings derives its income predominantly from interest on loans, securities, and to a lesser extent, non-interest income. Home Savings’ principal expenses are interest paid on deposits and Federal Home Loan Bank advances, loan loss provisions and normal operating costs. Consistent with internal reporting, Home Savings’ operations are reported in one operating segment, which is banking services. | |
Basis of Presentation | |
The consolidated financial statements include the accounts of United Community and its subsidiaries. All material inter-company transactions have been eliminated. Certain prior period data has been reclassified to conform to current period presentation. | |
Use of Estimates in the Preparation of Financial Statements | |
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and future results could differ. The allowance for loan losses, fair value of financial instruments, fair value of servicing rights, fair value of other real estate owned and other repossessed assets, realizability of deferred tax assets and status of contingencies are particularly subject to change. | |
Cash Flows | |
For purposes of the statement of cash flows, United Community considers all highly liquid investments with a term of three months or less to be cash equivalents. Net cash flows are reported for loan and deposit transactions, short-term borrowings and advance payments by borrowers for taxes and insurance. | |
Securities | |
Securities are classified as available for sale or trading upon their acquisition. Securities are classified as available for sale when they might be sold before maturity. Securities available for sale are carried at estimated fair value with the unrealized holding gain or loss reported in other comprehensive income, net of tax. Equity securities with readily determinable fair values are classified as available for sale. Restricted securities such as FHLB stock are carried at cost. Interest income includes amortization of purchase premium or discount on debt securities. Premiums or discounts are amortized on the level-yield method without anticipating prepayments. Gains and losses on sales are recorded on the trade date and are determined using the specific identification method. | |
Management evaluates securities for other-than-temporary impairment (OTTI) at least quarterly, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the income statement and 2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. For equity securities, the entire amount of OTTI is recognized through earnings. | |
Loans Held for Sale | |
Loans held for sale primarily consist of residential mortgage loans originated for sale and other loans that have been identified for sale. These loans are carried at the lower of cost or fair value, determined in the aggregate. Net unrealized losses, if any, are recorded as a valuation allowance and charged to earnings. | |
Mortgage loans held for sale are sold with either servicing rights retained or servicing released. The carrying value of mortgage loans sold is reduced by the amount allocated to the servicing right. Gains and losses on sales of mortgage loans are based on the difference between the selling price and the carrying value of the related loan sold. | |
Loans | |
Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the outstanding principal balance, net of purchase premiums or discounts, deferred loan fees and costs and an allowance for loan losses. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments. | |
Interest income includes amortization of net deferred loan fees and costs over the loan term. The accrual of interest income on mortgage and commercial loans is discontinued at the time the loan is 90 days delinquent unless the loan is both well secured and in the process of collection. Consumer loans are typically charged-off no later than 180 days past due. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. Nonaccrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. A loan is moved to nonaccrual status in accordance with the Company’s policy, typically after 90 days of non-payment. | |
All interest accrued but not received for a loan placed on nonaccrual is reversed against interest income. Nonaccrual loans are comprised principally of loans 90 days past due as well as certain loans which are less than 90 days past due, but where serious doubt exists as to the ability of the borrowers to comply with the repayment terms. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when future payments are reasonably assured. | |
When loans reach 90 days past due, they are placed on nonaccrual status and any interest accrued but not received is reversed against interest income, unless the loan is both well secured and in the process of collection. A loan will also be placed on nonaccrual before it reaches 90 days past due if the Company determines that the borrower’s financial condition has deteriorated to the point that the Company no longer expects full repayment of the contractual principal and interest. Once a loan is on nonaccrual, it will remain on nonaccrual until the loan becomes current and the borrower demonstrates the ability to pay the loan per the contractual terms for a minimum of six months. | |
Home Savings determines the past due status of loans based on the number of calendar months the loan is past due. Impaired loans consist of loans that are non-homogenous and in a nonaccrual status; loans considered troubled debt restructurings and loans that have been individually analyzed for impairment. | |
Real estate loans. Mortgage loans are revalued at the time they reach 180 days past due and any portion of the principal that exceeds the fair value is charged-off. Mortgage loans are considered to be homogenous until the loan is individually valued and charged-down to the fair value, at which time the loan becomes non-homogenous and is considered impaired. | |
Commercial real estate loans. A commercial real estate loan is impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. At this time the loan is charged-down to the fair value. | |
Construction loans. A construction loan is impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. At this time the loan is charged-down to the fair value. | |
Consumer loans. Consumer loans that are secured by residential real estate are revalued once they reach 180 days past due and charged-down to the fair value if necessary. Consumer loans that are not secured by residential real estate are revalued once they reach 120 days past due and are charged-down to the fair value if necessary. Consumer loans are considered to be homogenous until the loan is individually valued and charged-down to the fair value, at which time the loan becomes non-homogenous and is considered impaired. | |
Commercial loan. Commercial loans are impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. The repayment of commercial loans typically is dependent on the income stream and successful operation of a business. If there is no underlying collateral to value, the company will calculate the present value of expected future cash flows to determine the amount of impairment, if any. Once a commercial loan has been individually analyzed it is considered impaired. | |
Concentration of Credit Risk | |
Most of the Company’s business activity is with customers located within Home Savings’ market area. Therefore, the Company’s exposure to credit risk is significantly affected by changes in the economy in Northeast Ohio and Western Pennsylvania. | |
Allowance for Loan Losses | |
The allowance for loan losses is a valuation allowance for probable incurred credit losses. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. Management estimates the allowance balance required based on an analysis using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations, estimated collateral values, general economic conditions in the market area and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged-off. | |
The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired or loans otherwise classified as substandard or doubtful. The general component covers non-classified loans and is based on historical loss experience adjusted for current factors. | |
A loan is impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans for which the terms have been modified, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings and classified as impaired. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the facts and circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. Troubled debt restructurings (TDRs) are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a TDR is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For TDRs that subsequently default, the Company determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses. | |
The general component covers non-impaired loans and is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the most recent one year. This actual loss experience is supplemented with other economic factors based on the risks present for each portfolio segment. These economic factors include consideration of the following: levels of and trends in delinquencies and impaired loans; levels of and trends in charge-offs and recoveries; trends in volume and terms of loans; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedures, and practices; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations. In determining quantitative factors the Company uses an evaluation period of one year of net charge-off history and averages this information over the current year period. These changes allow for the quantitative factors to be weighted to a more recent level of charge-off experience due to current market conditions. | |
The Bank’s portfolio has the following segments: permanent real estate loans, construction loans, consumer loans and commercial loans. The majority of the Bank’s loan portfolio is permanent real estate loans made to customers in Home Savings’ market area. These loans are secured by the underlying real estate as collateral. Repayment of these loans is dependent on general economic conditions and unemployment levels in Home Savings’ market area. | |
Consumer loans represent Home Savings’ next largest portfolio and primarily consist of home equity loans. Similar to permanent real estate loans, repayment of consumer loans depends on the general economic conditions and unemployment levels in Home Savings’ market area. | |
Multifamily and nonresidential real estate loans generally have a higher degree of risk than loans secured by one-to four-family residences. These riskier loans can be affected by economic conditions, operating expenses, debt service and successful operation of income-producing properties. Home Savings tries to reduce this risk by evaluating the credit history of the borrower, location of the real estate, the financial condition of the borrower, obtaining personal guarantees by the borrower, the characteristics of the income stream generated by the property and the appraisal supporting the property. To reduce any risk on loans secured by one-to four-family residences, Home Savings underwrites all portfolio loans to Freddie Mac underwriting guidelines. | |
Construction loans involve a higher degree of underwriting and default risk than loans secured by mortgages on existing properties because construction loans are more difficult to appraise and to monitor. Loan funds are advanced based upon the security of the project under construction. | |
The majority of Home Savings’ consumer loans consist of closed-end home equity loans in an amount that, when added to the prior indebtedness secured by the real estate, does not exceed 90% of the estimated value of the real estate. Other consumer loans, such as automobiles and recreational vehicles, have a higher degree of risk than home equity loans as the collateral depreciates at a faster rate. | |
Commercial loans generally entail greater risk than real estate lending. The repayment of commercial loans typically is dependent on the income stream and successful operation of a business, which can be affected by economic conditions. The collateral for commercial loans, if any, often consists of rapidly depreciating assets. | |
Home Savings has established a methodology to calculate the allowance for loan losses at a level it believes adequate to absorb probable incurred losses in the loan portfolio. An analysis of individual credits, prior and current loss experience, loan portfolio delinquency levels, changes in the loan portfolio, current economic conditions and results of regulatory examinations is completed on a regular basis to determine the adequacy of the allowance. | |
Impaired loans are individually evaluated based on the borrower’s ability to repay the loan given the availability of collateral, other sources of cash flow and legal options available to Home Savings. Once a review is completed, a specific reserve is determined and allocated to the loan. These specific reserves on individual loans are reviewed periodically and adjusted as necessary based on subsequent collection, loan upgrades or downgrades, nonperforming trends or actual principal charge-offs. | |
Other loans not reviewed specifically by management are evaluated as a homogenous group of loans (generally single-family residential mortgage loans and all consumer credits except marine loans) using a loss factor applied to the outstanding loan balance to determine the level of reserve required. This loss factor consists of two components, a quantitative and a qualitative component. The quantitative component is based on a historical analysis of all charged-off loans, net of recovery. The Company evaluates one year of net charge-off history and applies the information to the current period. This component is combined with the qualitative component to arrive at the loss factor, which is applied to the outstanding balance of homogenous loans. In determining the qualitative factors, consideration is given to such attributes as lending policies, economic conditions, nature and volume of the portfolio, management, loan quality trend, loan review, collateral value, concentrations and other external factors. | |
Servicing Assets | |
Servicing assets are recognized as separate assets when rights are acquired through purchase or sale of financial assets. Servicing rights are initially recorded at fair value with the income statement effect recorded in gains on sales of loans. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. Capitalized servicing rights are reported in other assets and are amortized into non-interest income in proportion to, and over the period of, the estimated future net servicing income of the underlying assets. | |
Servicing assets are evaluated for impairment based upon the fair value of the rights as compared to carrying amount. Impairment is determined by stratifying rights into tranches based on predominant risk characteristics, such as original maturity, interest rate and loan type. Impairment is recognized through a valuation allowance for an individual tranche. If Home Savings later determines that all or a portion of the impairment no longer exists for a particular tranche, a reduction of the allowance may be recorded as an increase to income. | |
Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal, or a fixed amount per loan, and are recorded as income when earned. The amortization of mortgage servicing rights is netted against loan servicing fee income. | |
Transfers of Financial Assets | |
Transfers of financial assets are accounted for as sales when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. | |
Real Estate Owned and Other Repossessed Assets | |
Real estate owned, including property acquired in settlement of foreclosed loans, is carried at fair value less estimated cost to sell after foreclosure, establishing a new cost basis. If fair value declines after acquisition, a valuation allowance is recorded through expense. Costs relating to the development and improvement of real estate owned are capitalized, whereas costs relating to holding and maintaining the properties are charged to expense. Other repossessed assets are carried at estimated fair value less estimated cost to sell after acquisition. | |
Premises and Equipment | |
Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation and amortization. Buildings and related components are depreciated and amortized using the straight-line method over the useful lives, generally ranging from 20 years to 40 years (or term of the lease, if shorter) of the related assets. Furniture and fixtures are depreciated using the straight-line method with useful lives ranging from three to five years. | |
Federal Home Loan Bank (FHLB) stock | |
The Bank is a member of the FHLB system. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. | |
Cash Surrender Value of Life Insurance | |
Life insurance is carried on the lives of certain employees where Home Savings is the beneficiary. Life insurance is recorded at its cash surrender value, or the amount currently realizable. Increases in the Home Savings’ policy cash surrender value are tax exempt and death benefit proceeds received by Home Savings are tax-free. Income from these policies and changes in the cash surrender value are recorded in other income. The policies contain no split dollar or postretirement benefits for covered employees. | |
Core Deposit Intangible | |
Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Home Savings has no goodwill recorded as of December 31, 2013 or December 31, 2012. | |
Core deposit intangible assets arose from whole bank acquisitions. They were initially measured at fair value and are being amortized on an accelerated method over their estimated useful lives. | |
Derivatives | |
At the inception of a derivative contract, the Company designates the derivative as one of three types based on the Company’s intentions and belief as to likely effectiveness as a hedge. These three types are (1) a hedge of the fair value of a recognized asset or liability or of an unrecognized firm commitment (“fair value hedge”), (2) a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow hedge”), or (3) an instrument with no hedging designation (“stand-alone derivative”). For a fair value hedge, the gain or loss on the derivative, as well as the offsetting loss or gain on the hedged item, are recognized in current earnings as fair values change. For a cash flow hedge, the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. For both types of hedges, changes in the fair value of derivatives that are not highly effective in hedging the changes in fair value or expected cash flows of the hedged item are recognized immediately in current earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in earnings, as noninterest income. | |
Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. | |
The Company formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in fair values or cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended. | |
When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as noninterest income. When a fair value hedge is discontinued, the hedged asset or liability is no longer adjusted for changes in fair value and the existing basis adjustment is amortized or accreted over the remaining life of the asset or liability. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings. | |
Mortgage Banking Derivatives | |
Commitments to fund mortgage loans (interest rate locks) to be sold into the secondary market and forward commitments for the future delivery of these mortgage loans are accounted for as free standing derivatives. Fair values of these mortgage derivatives are estimated based on changes in mortgage interest rates from the date the interest rate on the loan is locked. The Company enters into forward commitments for the future delivery of mortgage loans when interest rate locks are entered into in order to hedge the change in interest rates resulting from its commitments to fund the loans. Changes in the fair values of these derivatives are included in mortgage banking income on the consolidated statements of income and comprehensive income. | |
Long-term Assets | |
Premises and equipment and other long–term assets are reviewed for impairment when events indicate their carrying amounts may not be recoverable from future undiscounted cash flows. If impaired, the assets are recorded at fair value. | |
Loan Fees | |
Loan origination fees received for loans, net of direct origination costs, are deferred and amortized to interest income over the contractual lives of the loans using the level yield method. Fees received for loan commitments that are expected to be drawn, based on Home Savings’ experience with similar commitments, are deferred and amortized over the lives of the loans using the level-yield method. Fees for other loan commitments are deferred and amortized over the loan commitment period on a straight-line basis. Unamortized deferred loan fees or costs related to loans paid off are included in income. Unamortized net fees or costs on loans sold are included in the basis of the loans in calculating gains and losses. Amortization of net deferred fees is discontinued for loans that are deemed to be nonperforming. | |
Stock Compensation | |
Compensation cost is recognized for stock options and restricted stock awards issued to employees and nonemployee directors, based on the fair value of these awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Corporation’s common shares at the date of grant is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. | |
Income Taxes | |
Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax basis of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. | |
A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. | |
The Company recognizes interest and/or penalties related to income tax matters in income tax expense. | |
401(k) Savings Plan | |
Employee 401(k) and profit sharing plan expense is the amount of matching contributions and administrative costs to administer the plan. | |
Postretirement Benefit Plans | |
In addition to Home Savings’ retirement plans, Home Savings sponsors a defined benefit health care plan that was curtailed in 2000 to provide postretirement medical benefits for employees who worked 20 years and attained a minimum age of 60 by September 1, 2000, while in service with Home Savings. The plan is unfunded and, as such, has no assets. Furthermore, the plan is contributory and contains minor cost-sharing features such as deductibles and coinsurance. In addition, postretirement life insurance coverage is provided for employees who were participants prior to December 10, 1976. The life insurance plan is non-contributory. Home Savings’ policy is to pay premiums monthly, with no pre-funding. The benefit obligation is measured annually by a third-party actuary. | |
Employee Stock Ownership Plan | |
On June 29, 2010, all shares were allocated to Employee Stock Ownership Plan (ESOP) participants upon the full repayment of the ESOP loan. There are no shares remaining to allocate to ESOP participants. | |
Dividend Restriction | |
Banking regulations require maintaining certain capital levels and may limit the dividends paid by the bank to the holding company or by the holding company to shareholders. Pursuant to the Bank MOU and Holding Company MOU discussed in Notes 3 and 16, Home Savings was to obtain regulatory approval prior to paying dividends to United Community and United Community was to obtain regulatory approval prior to paying dividends to its shareholders. The Bank MOU was terminated on November 27, 2013. The Holding Company MOU was in effect at December 31, 2013, but terminated on January 8, 2014. | |
Earnings Per Share | |
Basic earnings per common share is net income available to common shareholders divided by the weighted average number of common shares outstanding during the period. All outstanding unvested share-based payment awards that contain rights to nonforfeitable dividends are considered participating securities for this calculation. Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock options. | |
Loss Contingencies | |
Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. See further discussion at Note 13. | |
Fair Value of Financial Instruments | |
Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 18. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates. | |
Comprehensive Income | |
Comprehensive income consists of net income and unrealized gains and losses on securities available for sale and changes in unrealized gains and losses on postretirement liabilities, which are also recognized as separate components of equity. | |
Off Balance Sheet Financial Instruments | |
Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. | |
New Accounting Standards | |
In July 2013, the FASB amended existing guidance related to the inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a benchmark interest rate for hedge accounting purposes These amendments permit the Fed Funds Effective Swap Rate to be used as a U.S. benchmark interest rate for hedge accounting purposes, in addition to UST and LIBOR. The amendments also remove the restriction on using different benchmark rates for similar hedges. The amendments apply to all entities that elect to apply hedge accounting of the benchmark interest rate. These amendments are effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. The effect of adopting this standard did not have a material effect on the Company’s operating results or financial condition. | |
In July 2013, the FASB amended existing guidance related to the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. These amendments provide that an unrecognized tax benefit, or a portion thereof, be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except to the extent that a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date to settle any additional income taxes that would result from disallowance of a tax position, or the tax law does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, then the unrecognized tax benefit should be presented as a liability. These amendments are effective for interim and annual reporting periods beginning after December 15, 2013. Early adoption and retrospective application is permitted. The Company is currently evaluating the impact of this amendment on the consolidated financial statements. | |
In February 2013, the FASB amended existing guidance related to reporting amounts reclassified out of other comprehensive income out of accumulated other comprehensive income. These amendments do not change the current requirements for reporting net income or other comprehensive income in financial statements. These amendments require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under U.S. GAAP that provide additional details about those amounts. These amendments are effective prospectively for interim and annual reporting periods beginning after December 15, 2012. The disclosures are included in the Company’s operating results at December 31, 2013. | |
Operating Segments | |
Internal financial information is primarily reported and aggregated in one line of business, which is banking services. | |
Reclassifications | |
Some items in the prior year financial statements were reclassified to conform to the current presentation. Reclassifications had no effect on prior year consolidated statements of operations or shareholders’ equity. |
Cash_and_Cash_Equivalents
Cash and Cash Equivalents | 12 Months Ended |
Dec. 31, 2013 | |
Cash And Cash Equivalents [Abstract] | ' |
Cash and Cash Equivalents | ' |
2. CASH AND CASH EQUIVALENTS | |
Federal Reserve Board (FRB) regulations require depository institutions to maintain certain non-interest bearing reserve balances. These reserves, which consisted of vault cash at Home Savings, totaled approximately $12.7 million and $13.8 million at December 31, 2013 and 2012, respectively. |
Regulatory_Enforcement_Action
Regulatory Enforcement Action | 12 Months Ended |
Dec. 31, 2013 | |
Text Block [Abstract] | ' |
Regulatory Enforcement Action | ' |
3. REGULATORY ENFORCEMENT ACTION | |
United Community is a unitary thrift holding company regulated by the Board of Governors of the Federal Reserve System (FRB). On August 8, 2008, the board of directors of United Community approved a Stipulation and Consent to the Issuance of an Order with the Office of Thrift Supervision (OTS), the predecessor regulator of United Community, (the Holding Company Order). The Holding Company Order required United Community to obtain FRB approval prior to: (i) incurring or increasing its debt position; (ii) repurchasing any United Community stock; or (iii) paying any dividends. The Holding Company Order also required United Community to develop a debt reduction plan and submit the plan to the OTS for approval. The Holding Company Order was amended November 5, 2010. The amendment removed the requirement in the original Holding Company Order to provide the OTS with a debt reduction plan and added a requirement to provide the OTS with a capital plan. The capital plan was submitted to the OTS in December 2010. The Holding Company Order was terminated on July 2, 2013. On July 9, 2013, United Community entered into a Memorandum of Understanding (the Holding Company MOU) with the FRB, under which United Community agreed not to pay dividends, repurchase shares, or take on debt without the FRB’s prior approval. The Holding Company MOU was terminated on January 8, 2014. | |
On August 8, 2008, the board of directors of Home Savings approved a Stipulation and Consent to the Issuance of an Order to Cease and Desist (the Bank Order) with the Federal Deposit Insurance Corporation (FDIC) and the Ohio Division of Financial Institutions (the Ohio Division), which was terminated as of March 30, 2012 and replaced with a Consent Order (the Consent Order). The Consent Order required Home Savings, within specified timeframes, to take or refrain from certain actions, including that it had to: (i) continue to retain qualified management; (ii) seek regulatory approval prior to adding any individuals to the board of directors or employing any individual as a senior executive officer of Home Savings; (iii) not extend additional credit to classified borrowers; (iv) revise its plan to reduce its classified assets, and, within six months, reduce total adversely classified assets to 75% of the level of classified assets as of May 31, 2011 (i.e., to $219.0 million by September 30, 2012) and, within twelve months, to 50% of the level of classified assets as of May 31, 2011 (i.e., to $146.0 million by March 31, 2013); (v) establish a comprehensive policy and methodology for determining the adequacy of the allowance for loan and lease losses (ALLL); (vi) adopt plans to reduce its classified assets and delinquent loans; (vii) adopt a plan to reduce certain loan concentrations; (viii) amend its strategic plan and budget and profit plan; (ix) increase its Tier 1 Leverage Capital Ratio to 9.0% and its Total Risk Based Capital Ratio to 12.0% by June 30, 2012, and revise its capital plan to achieve such capital levels; and (x) seek regulatory approval prior to declaring or paying any cash dividend. The Consent Order was terminated on January 31, 2013. On January 31, 2013, Home Savings consented to a Memorandum of Understanding (the Bank MOU), which was subsequently terminated on November 27, 2013. The Bank MOU required Home Savings to submit certain plans and reports to the FDIC and the Ohio Division, to seek the FDIC’s and Ohio Division’s prior consent before issuing any dividends to United Community, and to maintain its Tier 1 Leverage Capital Ratio at 8.50% and its Total Risk Based Capital Ratio at 12.0%. | |
Although United Community and Home Savings agreed to the issuance of the Holding Company Order, the Holding Company MOU, the Bank Order, the Consent Order and the Bank MOU, as the case may be, neither has admitted or denied any allegations of unsafe or unsound banking practices, or any legal or regulatory violations. No monetary penalties were assessed by the OTS, the FRB, the FDIC or the Ohio Division when these orders were issued or since that time. | |
As of December 31, 2013, the FDIC categorized Home Savings as well capitalized. |
Securities
Securities | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Securities | ' | ||||||||||||||||||||||||
4. SECURITIES | |||||||||||||||||||||||||
The components of securities are as follows: | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
cost | unrealized | unrealized | value | ||||||||||||||||||||||
gains | losses | ||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Available for Sale | |||||||||||||||||||||||||
U.S. Treasury and government sponsored entities’ securities | $ | 247,863 | $ | — | $ | (25,570 | ) | $ | 222,293 | ||||||||||||||||
Equity securities | 101 | 344 | — | 445 | |||||||||||||||||||||
Mortgage-backed GSE securities: residential | 303,435 | 31 | (15,198 | ) | 288,268 | ||||||||||||||||||||
Total | $ | 551,399 | $ | 375 | $ | (40,768 | ) | $ | 511,006 | ||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
cost | unrealized | unrealized | value | ||||||||||||||||||||||
gains | losses | ||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Available for Sale | |||||||||||||||||||||||||
U.S. Treasury and government sponsored entities’ securities | $ | 161,845 | $ | 2,409 | $ | (562 | ) | $ | 163,692 | ||||||||||||||||
Equity securities | 101 | 212 | — | 313 | |||||||||||||||||||||
Mortgage-backed GSE securities: residential | 404,563 | 6,142 | (148 | ) | 410,557 | ||||||||||||||||||||
Total | $ | 566,509 | $ | 8,763 | $ | (710 | ) | $ | 574,562 | ||||||||||||||||
Debt securities available for sale by contractual maturity, repricing or expected call date are shown below: | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Amortized | Fair | ||||||||||||||||||||||||
cost | value | ||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Due in one year or less | $ | 500 | $ | 501 | |||||||||||||||||||||
Due after one year through five years | — | — | |||||||||||||||||||||||
Due after five years through ten years | 170,614 | 154,601 | |||||||||||||||||||||||
Due after ten years | 76,749 | 67,191 | |||||||||||||||||||||||
Mortgage-backed GSE securities: residential | 303,435 | 288,268 | |||||||||||||||||||||||
Total | $ | 551,298 | $ | 510,561 | |||||||||||||||||||||
Since equity securities do not have a contractual maturity, they are excluded from the table above. | |||||||||||||||||||||||||
Proceeds, gross realized gains, losses and impairment charges of available for sale securities were as follows: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Proceeds | $ | 137,467 | $ | 343,000 | $ | 428,396 | |||||||||||||||||||
Gross gains | 2,712 | 6,325 | 8,662 | ||||||||||||||||||||||
Gross losses | (135 | ) | — | (29 | ) | ||||||||||||||||||||
Impairment charges | — | (13 | ) | (89 | ) | ||||||||||||||||||||
The tax benefit (provision) related to net realized gains and losses was $0 for each of the periods presented due to the full valuation allowance recorded on the net deferred tax asset of the Company. | |||||||||||||||||||||||||
The Company had no securities pledged for the Company’s participation in the VISA payment processing program at December 31, 2013 and had $5.8 million in securities pledged at December 31, 2012. Securities pledged for participation in the Ohio Linked Deposit Program were approximately $382,000 and $417,000 at December 31, 2013 and 2012, respectively. See further discussion regarding pledged securities in Note 12. | |||||||||||||||||||||||||
Securities available for sale that have been in an unrealized loss position for less than twelve months or twelve months or more are as follows at December 31, 2013: | |||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
value | loss | value | loss | value | loss | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Description of securities: | |||||||||||||||||||||||||
U.S. Treasury and government sponsored entities | $ | 193,746 | $ | (21,360 | ) | $ | 28,046 | $ | (4,210 | ) | $ | 221,792 | $ | (25,570 | ) | ||||||||||
Mortgage-backed GSE securities: residential | 240,201 | (10,680 | ) | 47,319 | (4,518 | ) | 287,520 | (15,198 | ) | ||||||||||||||||
Total temporarily impaired securities | $ | 433,947 | $ | (32,040 | ) | $ | 75,365 | $ | (8,728 | ) | $ | 509,312 | $ | (40,768 | ) | ||||||||||
All of the U.S. Treasury and government sponsored entities and mortgage-backed securities that were temporarily impaired at December 31, 2013, were impaired due to the level of interest rates at that time. Unrealized losses on U.S. Treasury and government sponsored entities and mortgage-backed securities have not been recognized into income as of December 31, 2013 because the issuer’s securities are of high credit quality (rated AA or higher), management does not intend to sell, and it is likely that management will not be required to sell, the securities prior to their anticipated recovery, and the decline in fair value is largely due to changes in interest rates and other market conditions. The primary reason for the decline in fair value was the rise in longer term interest rates experienced during the second, third and fourth quarters of 2013. From April 30, 2013 to December 31, 2013 the 10 year treasury yield rose from 1.70% to 3.04%. The duration of the securities portfolio is approximately 7.2 years at December 31, 2013. There is risk that longer term rates could rise further resulting in greater unrealized losses. Management continues to allow the portfolio to decline as no new investment purchases are being considered. In addition, the Company can look for opportunities to sell securities to reduce the portfolio or change the duration characteristics. All of the securities are GSE issued debt or mortgage-backed securities and carry the same rating as the U.S. Government. | |||||||||||||||||||||||||
At December 31, 2013, all of the mortgage-backed securities held by the Company were issued by U.S. government sponsored agencies, primarily Fannie Mae and Freddie Mac, institutions which the government has affirmed its commitment to support. Because the decline in fair value is attributable to changes in interest rates and illiquidity, and not credit quality, and because the Company does not have the intent to sell these mortgage-backed securities and it is likely that it will not be required to sell the securities before their anticipated recovery, the Company does not considered these securities to be other-than-temporarily impaired at December 31, 2013. | |||||||||||||||||||||||||
Securities available for sale in an unrealized loss position are as follows at December 31, 2012: | |||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
value | loss | value | loss | value | loss | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Description of securities: | |||||||||||||||||||||||||
U.S. Treasury and government sponsored entities | $ | 42,480 | $ | (562 | ) | $ | — | $ | — | $ | 42,480 | $ | (562 | ) | |||||||||||
Mortgage-backed GSE securities: residential | 72,020 | (148 | ) | — | — | 72,020 | (148 | ) | |||||||||||||||||
Total temporarily impaired securities | $ | 114,500 | $ | (710 | ) | $ | — | $ | — | $ | 114,500 | $ | (710 | ) | |||||||||||
All of the U.S. Treasury and government sponsored entities and mortgage-backed securities that were temporarily impaired at December 31, 2012, were impaired due to the level of interest rates at that time. | |||||||||||||||||||||||||
The Company evaluates its equity securities for impairment on a quarterly basis. In general, if a security has been in an unrealized loss position for more than twelve months, the Company will recognize an OTTI charge on the security. The Company’s equity security portfolio is comprised of common stock of various financial institutions. If the security has been in an unrealized loss position for less than twelve months, the Company examines the capital levels, nonperforming asset ratios and liquidity position of the issuer to determine whether or not an OTTI charge is appropriate. | |||||||||||||||||||||||||
The Company recognized no OTTI charges in 2013. The Company recognized a $13,000 OTTI charge on an equity investment in one financial institution in 2012. The Company recognized an $89,000 OTTI charge on equity investments in four financial institutions in 2011. Based upon reviews of the financial institutions’ capital structure, nonperforming assets ratios and liquidity levels, the chance for recovery in the foreseeable future appeared remote. |
Loans
Loans | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Loans | ' | ||||||||||||||||||||||||||||
5. LOANS | |||||||||||||||||||||||||||||
Portfolio loans consist of the following: | |||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 585,025 | $ | 577,249 | |||||||||||||||||||||||||
Multi-family residential | 54,485 | 80,923 | |||||||||||||||||||||||||||
Nonresidential | 131,251 | 138,188 | |||||||||||||||||||||||||||
Land | 9,683 | 15,808 | |||||||||||||||||||||||||||
Construction: | |||||||||||||||||||||||||||||
One-to four-family residential and land development | 53,349 | 28,318 | |||||||||||||||||||||||||||
Multi-family and nonresidential | — | 4,534 | |||||||||||||||||||||||||||
Total real estate | 833,793 | 845,020 | |||||||||||||||||||||||||||
Consumer | |||||||||||||||||||||||||||||
Home equity | 159,795 | 177,230 | |||||||||||||||||||||||||||
Auto | 5,669 | 7,648 | |||||||||||||||||||||||||||
Marine | 4,308 | 4,942 | |||||||||||||||||||||||||||
Recreational vehicles | 17,347 | 22,250 | |||||||||||||||||||||||||||
Other | 2,112 | 2,523 | |||||||||||||||||||||||||||
Total consumer | 189,231 | 214,593 | |||||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||||||
Secured | 25,714 | 24,243 | |||||||||||||||||||||||||||
Unsecured | 427 | 2,300 | |||||||||||||||||||||||||||
Total commercial | 26,141 | 26,543 | |||||||||||||||||||||||||||
Total loans | 1,049,165 | 1,086,156 | |||||||||||||||||||||||||||
Less: | |||||||||||||||||||||||||||||
Allowance for loan losses | 21,116 | 21,130 | |||||||||||||||||||||||||||
Deferred loan costs, net | (1,143 | ) | (1,214 | ) | |||||||||||||||||||||||||
Total | 19,973 | 19,916 | |||||||||||||||||||||||||||
Loans, net | $ | 1,029,192 | $ | 1,066,240 | |||||||||||||||||||||||||
On September 21, 2012, Home Savings sold assets in a bulk sale transaction, which was comprised primarily of loans. Loans included in the bulk sale had an unpaid principal balance of $147.3 million. These loans had a recorded investment as of the closing date of $117.4 million. Home Savings received proceeds of $77.4 million and recorded a total loss of $30.2 million, net of charge-offs of $8.2 million in reserves held against these loans at the time of the bulk sale, on the sale of these loans. Of these loans, $91.6 million were classified, $63.3 million were nonperforming and $53.0 million were noncurrent (all amounts are book balance prior to the effect of any reserves). | |||||||||||||||||||||||||||||
Loan commitments are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments extend over various periods of time with the majority of such commitments disbursed within a sixty-day period. Commitments generally have fixed expiration dates or other termination clauses, may require payment of a fee and may expire unused. Commitments to extend credit at fixed rates expose Home Savings to some degree of interest rate risk. Home Savings evaluates each customer’s creditworthiness on a case-by-case basis. The type or amount of collateral obtained varies and is based on management’s credit evaluation of the potential borrower. Home Savings normally has a number of outstanding commitments to extend credit. | |||||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Fixed | Variable | Fixed | Variable | ||||||||||||||||||||||||||
Rate | Rate | Rate | Rate | ||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Commitments to make loans | $ | 38,386 | $ | 10,883 | $ | 73,125 | $ | 21,001 | |||||||||||||||||||||
Undisbursed loans in process | — | 67,295 | 731 | 23,502 | |||||||||||||||||||||||||
Unused lines of credit | 18,852 | 82,365 | 27,832 | 76,558 | |||||||||||||||||||||||||
Terms of the commitments in both years extend up to six months, but are generally less than two months. The fixed rate loan commitments have interest rates ranging from 2.375% to 18.00%; and maturities ranging from three months to thirty years. Commitments to fund certain mortgage loans (interest rate locks) to be sold into the secondary market and forward commitments for the future delivery of mortgage loans to third party investors are considered derivatives. It is the Company’s practice to enter into forward commitments for the future delivery of residential mortgage loans when interest rate lock commitments are entered into in order to economically hedge the effect of changes in interest rates resulting from its commitments to fund the loans. These mortgage banking derivatives are not designated as hedge relationships. | |||||||||||||||||||||||||||||
At both December 31, 2013 and 2012, there were $62,000 and $702,000 of outstanding standby letters of credit, respectively. These are issued to guarantee the performance of a customer to a third party. Standby letters of credit are generally contingent upon the failure of the customer to perform according to the terms of an underlying contract with the third party. | |||||||||||||||||||||||||||||
At December 31, 2013 and 2012, there were $42.0 million and $42.3 million in outstanding commitments to fund the OverdraftPrivilege™ Program at Home Savings. With OverdraftPrivilege™, Home Savings pays non-sufficient funds checks and fees on checking accounts up to a preapproved limit. | |||||||||||||||||||||||||||||
The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2013, December 31, 2012 and December 31, 2011 and activity for the year ended December 31, 2013 and 2012. In accordance with GAAP, the net losses associated with loans sold as part of the bulk asset sale in 2012 were recorded as net charge-offs through the allowance for loan losses. | |||||||||||||||||||||||||||||
Permanent | Construction | Consumer | Commercial | Total | |||||||||||||||||||||||||
Real Estate | Loans | Loans | Loans | ||||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
Beginning balance | $ | 13,819 | $ | 1,404 | $ | 4,459 | $ | 1,448 | $ | 21,130 | |||||||||||||||||||
Provision | 4,977 | (783 | ) | 1,009 | (1,087 | ) | 4,116 | ||||||||||||||||||||||
Charge-offs | (5,937 | ) | (641 | ) | (1,883 | ) | (166 | ) | (8,627 | ) | |||||||||||||||||||
Recoveries | 935 | 2,301 | 717 | 544 | 4,497 | ||||||||||||||||||||||||
Ending balance | $ | 13,794 | $ | 2,281 | $ | 4,302 | $ | 739 | $ | 21,116 | |||||||||||||||||||
Period-end amount allocated to: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 1,786 | $ | 680 | $ | 859 | $ | — | $ | 3,325 | |||||||||||||||||||
Loans collectively evaluated for impairment | 12,008 | 1,601 | 3,443 | 739 | 17,791 | ||||||||||||||||||||||||
Ending balance | $ | 13,794 | $ | 2,281 | $ | 4,302 | $ | 739 | $ | 21,116 | |||||||||||||||||||
Period-end balances: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 27,224 | $ | 3,092 | $ | 13,821 | $ | 4,044 | $ | 48,181 | |||||||||||||||||||
Loans collectively evaluated for impairment | 753,220 | 50,257 | 175,410 | 22,097 | 1,000,984 | ||||||||||||||||||||||||
Ending balance | $ | 780,444 | $ | 53,349 | $ | 189,231 | $ | 26,141 | $ | 1,049,165 | |||||||||||||||||||
Permanent | Construction | Consumer | Commercial | Total | |||||||||||||||||||||||||
Real Estate | Loans | Loans | Loans | ||||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||
2012 | |||||||||||||||||||||||||||||
Beginning balance | $ | 31,323 | $ | 4,493 | $ | 4,576 | $ | 1,879 | $ | 42,271 | |||||||||||||||||||
Provision | 34,260 | 2,310 | 2,721 | 34 | 39,325 | ||||||||||||||||||||||||
Charge-offs | (16,790 | ) | (3,480 | ) | (2,740 | ) | (1,258 | ) | (24,268 | ) | |||||||||||||||||||
Recoveries | 770 | 215 | 724 | 251 | 1,960 | ||||||||||||||||||||||||
Net (charge-offs) recovery from asset sale | (35,744 | ) | (2,134 | ) | (822 | ) | 542 | (38,158 | ) | ||||||||||||||||||||
Ending balance | $ | 13,819 | $ | 1,404 | $ | 4,459 | $ | 1,448 | $ | 21,130 | |||||||||||||||||||
Period-end amount allocated to: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 2,380 | $ | 478 | $ | — | $ | 166 | $ | 3,024 | |||||||||||||||||||
Loans collectively evaluated for impairment | 11,439 | 926 | 4,459 | 1,282 | 18,106 | ||||||||||||||||||||||||
Ending balance | $ | 13,819 | $ | 1,404 | $ | 4,459 | $ | 1,448 | $ | 21,130 | |||||||||||||||||||
Period-end balances: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 43,013 | $ | 7,547 | $ | 8,784 | $ | 1,673 | $ | 61,017 | |||||||||||||||||||
Loans collectively evaluated for impairment | 769,155 | 25,305 | 205,809 | 24,870 | 1,025,139 | ||||||||||||||||||||||||
Ending balance | $ | 812,168 | $ | 32,852 | $ | 214,593 | $ | 26,543 | $ | 1,086,156 | |||||||||||||||||||
Permanent | Construction | Consumer | Commercial | Total | |||||||||||||||||||||||||
Real Estate | Loans | Loans | Loans | ||||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||
2011 | |||||||||||||||||||||||||||||
Beginning balance | $ | 28,066 | $ | 8,533 | $ | 5,260 | $ | 9,024 | $ | 50,883 | |||||||||||||||||||
Provision | 17,073 | 8,126 | 2,171 | (2,712 | ) | 24,658 | |||||||||||||||||||||||
Charge-offs | (14,734 | ) | (12,504 | ) | (3,446 | ) | (5,055 | ) | (35,739 | ) | |||||||||||||||||||
Recoveries | 918 | 338 | 591 | 622 | 2,469 | ||||||||||||||||||||||||
Ending balance | $ | 31,323 | $ | 4,493 | $ | 4,576 | $ | 1,879 | $ | 42,271 | |||||||||||||||||||
Period-end amount allocated to: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 8,275 | $ | 3,102 | $ | 236 | $ | 210 | $ | 11,823 | |||||||||||||||||||
Loans collectively evaluated for impairment | 23,048 | 1,391 | 4,340 | 1,669 | 30,448 | ||||||||||||||||||||||||
Ending balance | $ | 31,323 | $ | 4,493 | $ | 4,576 | $ | 1,879 | $ | 42,271 | |||||||||||||||||||
Period-end balances: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 115,290 | $ | 30,587 | $ | 3,734 | $ | 3,956 | $ | 153,567 | |||||||||||||||||||
Loans collectively evaluated for impairment | 972,496 | 33,280 | 234,663 | 26,190 | 1,266,629 | ||||||||||||||||||||||||
Ending balance | $ | 1,087,786 | $ | 63,867 | $ | 238,397 | $ | 30,146 | $ | 1,420,196 | |||||||||||||||||||
The unpaid principal balance is the total amount of the loan that is due to Home Savings. The recorded investment includes the unpaid principal balance less any charge-offs or partial charge-offs applied to specific loans. The unpaid principal balance and the recorded investment both exclude accrued interest receivable and deferred loan costs, both of which are immaterial. | |||||||||||||||||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans as of and for the year ended December 31, 2013: | |||||||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Unpaid | Recorded | Allowance | Average | Interest | Cash Basis | ||||||||||||||||||||||||
Principal | Investment | for Loan | Recorded | Income | Income | ||||||||||||||||||||||||
Balance | Losses | Investment | Recognized | Recognized | |||||||||||||||||||||||||
Allocated | |||||||||||||||||||||||||||||
With no specific allowance recorded | |||||||||||||||||||||||||||||
Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 13,321 | $ | 11,309 | $ | — | $ | 14,679 | $ | 361 | $ | 449 | |||||||||||||||||
Multifamily residential | 662 | 567 | — | 638 | 2 | 13 | |||||||||||||||||||||||
Nonresidential | 6,451 | 5,311 | — | 5,377 | 19 | 63 | |||||||||||||||||||||||
Land | 3,913 | 487 | — | 1,290 | — | — | |||||||||||||||||||||||
Total | 24,347 | 17,674 | — | 21,984 | 382 | 525 | |||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 1,433 | 825 | — | 1,381 | — | — | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 1,433 | 825 | — | 1,381 | — | — | |||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 6,458 | 5,808 | — | 8,404 | 234 | 285 | |||||||||||||||||||||||
Auto | 83 | 66 | — | 45 | 1 | 6 | |||||||||||||||||||||||
Marine | 160 | 160 | — | 174 | — | 9 | |||||||||||||||||||||||
Recreational vehicle | 429 | 386 | — | 685 | 22 | 26 | |||||||||||||||||||||||
Other | 2 | 2 | — | 2 | — | — | |||||||||||||||||||||||
Total | 7,132 | 6,422 | — | 9,310 | 257 | 326 | |||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 4,414 | 4,044 | — | 3,506 | — | 11 | |||||||||||||||||||||||
Unsecured | 4,067 | — | — | 179 | 1 | 82 | |||||||||||||||||||||||
Total | 8,481 | 4,044 | — | 3,685 | 1 | 93 | |||||||||||||||||||||||
Total | $ | 41,393 | $ | 28,965 | $ | — | $ | 36,360 | $ | 640 | $ | 944 | |||||||||||||||||
With a specific allowance recorded | |||||||||||||||||||||||||||||
Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 8,897 | $ | 8,897 | $ | 1,675 | $ | 4,077 | $ | 342 | $ | 342 | |||||||||||||||||
Multifamily residential | 185 | 85 | 25 | 330 | — | — | |||||||||||||||||||||||
Nonresidential | 908 | 568 | 86 | 3,835 | — | 7 | |||||||||||||||||||||||
Land | — | — | — | 532 | — | — | |||||||||||||||||||||||
Total | 9,990 | 9,550 | 1,786 | 8,774 | 342 | 349 | |||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 3,895 | 2,267 | 680 | 2,559 | — | 1 | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 3,895 | 2,267 | 680 | 2,559 | — | 1 | |||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 6,743 | 6,743 | 719 | 2,369 | 303 | 303 | |||||||||||||||||||||||
Auto | — | — | — | — | — | — | |||||||||||||||||||||||
Marine | — | — | — | — | — | — | |||||||||||||||||||||||
Recreational vehicle | 656 | 656 | 140 | 346 | 16 | 16 | |||||||||||||||||||||||
Other | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 7,399 | 7,399 | 859 | 2,715 | 319 | 319 | |||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | — | — | — | 102 | — | — | |||||||||||||||||||||||
Unsecured | — | — | — | — | — | — | |||||||||||||||||||||||
Total | — | — | — | 102 | — | — | |||||||||||||||||||||||
Total | $ | 21,284 | $ | 19,216 | $ | 3,325 | $ | 14,150 | $ | 661 | $ | 669 | |||||||||||||||||
Total | $ | 62,677 | $ | 48,181 | $ | 3,325 | $ | 50,510 | $ | 1,301 | $ | 1,613 | |||||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans as of and for the year ended December 31, 2012: | |||||||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Unpaid | Recorded | Allowance | Average | Interest | Cash Basis | ||||||||||||||||||||||||
Principal | Investment | for Loan | Recorded | Income | Income | ||||||||||||||||||||||||
Balance | Losses | Investment | Recognized | Recognized | |||||||||||||||||||||||||
Allocated | |||||||||||||||||||||||||||||
With no specific allowance recorded | |||||||||||||||||||||||||||||
Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 18,672 | $ | 16,947 | $ | — | $ | 22,526 | $ | 613 | $ | 715 | |||||||||||||||||
Multifamily residential | 1,173 | 1,078 | — | 2,581 | 36 | 63 | |||||||||||||||||||||||
Nonresidential | 13,240 | 12,638 | — | 19,425 | 21 | 68 | |||||||||||||||||||||||
Land | 4,577 | 3,804 | — | 4,918 | — | — | |||||||||||||||||||||||
Total | 37,662 | 34,467 | — | 49,450 | 670 | 846 | |||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 17,912 | 3,580 | — | 6,051 | — | 14 | |||||||||||||||||||||||
Multifamily and nonresidential | 571 | — | — | — | — | — | |||||||||||||||||||||||
Total | 18,483 | 3,580 | — | 6,051 | — | 14 | |||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 8,867 | 7,958 | — | 5,571 | 265 | 326 | |||||||||||||||||||||||
Auto | 68 | 44 | — | 52 | 1 | 6 | |||||||||||||||||||||||
Marine | 190 | 190 | — | 268 | — | 13 | |||||||||||||||||||||||
Recreational vehicle | 887 | 592 | — | 659 | — | 35 | |||||||||||||||||||||||
Other | — | — | — | 5 | — | — | |||||||||||||||||||||||
Total | 10,012 | 8,784 | — | 6,555 | 266 | 380 | |||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 2,122 | 1,212 | — | 1,480 | — | 124 | |||||||||||||||||||||||
Unsecured | 2,861 | 38 | — | 261 | 2 | 11 | |||||||||||||||||||||||
Total | 4,983 | 1,250 | — | 1,741 | 2 | 135 | |||||||||||||||||||||||
Total | $ | 71,140 | $ | 48,081 | $ | — | $ | 63,797 | $ | 938 | $ | 1,375 | |||||||||||||||||
With a specific allowance recorded | |||||||||||||||||||||||||||||
Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 735 | $ | 735 | $ | 260 | $ | 1,242 | $ | — | $ | — | |||||||||||||||||
Multifamily residential | 996 | 981 | 57 | 2,390 | — | 17 | |||||||||||||||||||||||
Nonresidential | 5,218 | 4,703 | 1,336 | 17,420 | 19 | 57 | |||||||||||||||||||||||
Land | 3,913 | 2,127 | 727 | 2,603 | — | — | |||||||||||||||||||||||
Total | 10,862 | 8,546 | 2,380 | 23,655 | 19 | 74 | |||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 6,455 | 3,967 | 478 | 9,511 | — | 2 | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 6,455 | 3,967 | 478 | 9,511 | — | 2 | |||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | — | — | — | — | — | — | |||||||||||||||||||||||
Auto | — | — | — | — | — | — | |||||||||||||||||||||||
Marine | — | — | — | — | — | — | |||||||||||||||||||||||
Recreational vehicle | — | — | — | 27 | — | — | |||||||||||||||||||||||
Other | — | — | — | — | — | — | |||||||||||||||||||||||
Total | — | — | — | 27 | — | — | |||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 798 | 423 | 166 | 487 | — | 3 | |||||||||||||||||||||||
Unsecured | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 798 | 423 | 166 | 487 | — | 3 | |||||||||||||||||||||||
Total | $ | 18,115 | $ | 12,936 | $ | 3,024 | $ | 33,680 | $ | 19 | $ | 79 | |||||||||||||||||
Total | $ | 89,255 | $ | 61,017 | $ | 3,024 | $ | 97,477 | $ | 957 | $ | 1,454 | |||||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans as of and for the year ended December 31, 2011: | |||||||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Unpaid | Recorded | Allowance | Average | Interest | Cash Basis | ||||||||||||||||||||||||
Principal | Investment | for Loan | Recorded | Income | Income | ||||||||||||||||||||||||
Balance | Losses | Investment | Recognized | Recognized | |||||||||||||||||||||||||
Allocated | |||||||||||||||||||||||||||||
With no specific allowance recorded | |||||||||||||||||||||||||||||
Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 32,372 | $ | 28,566 | $ | — | $ | 26,016 | $ | 557 | $ | 868 | |||||||||||||||||
Multifamily residential | 5,112 | 4,205 | — | 3,798 | — | 218 | |||||||||||||||||||||||
Nonresidential | 29,120 | 28,327 | — | 26,911 | 391 | 1,006 | |||||||||||||||||||||||
Land | 9,213 | 7,290 | — | 6,739 | 38 | 198 | |||||||||||||||||||||||
Total | 75,817 | 68,388 | — | 63,464 | 986 | 2,290 | |||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 19,081 | 12,532 | — | 15,300 | 284 | 441 | |||||||||||||||||||||||
Multifamily and nonresidential | 707 | — | — | 96 | — | — | |||||||||||||||||||||||
Total | 19,788 | 12,532 | — | 15,396 | 284 | 441 | |||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 4,908 | 3,139 | — | 1,620 | 61 | 124 | |||||||||||||||||||||||
Auto | 80 | 59 | — | 68 | 1 | 5 | |||||||||||||||||||||||
Marine | — | — | — | — | — | — | |||||||||||||||||||||||
Recreational vehicle | 26 | 11 | — | 38 | — | 2 | |||||||||||||||||||||||
Other | 7 | 7 | — | 7 | — | — | |||||||||||||||||||||||
Total | 5,021 | 3,216 | — | 1,733 | 62 | 131 | |||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 3,875 | 3,084 | — | 1,627 | 35 | 531 | |||||||||||||||||||||||
Unsecured | 22,716 | 371 | — | 370 | 7 | 128 | |||||||||||||||||||||||
Total | 26,591 | 3,455 | — | 1,997 | 42 | 659 | |||||||||||||||||||||||
Total | $ | 127,217 | $ | 87,591 | $ | — | $ | 82,590 | $ | 1,374 | $ | 3,521 | |||||||||||||||||
With a specific allowance recorded | |||||||||||||||||||||||||||||
Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 2,487 | $ | 1,721 | $ | 152 | $ | 2,993 | $ | — | $ | 35 | |||||||||||||||||
Multifamily residential | 4,077 | 2,387 | 187 | 3,594 | 10 | 61 | |||||||||||||||||||||||
Nonresidential | 42,201 | 38,176 | 6,127 | 37,986 | 919 | 1,569 | |||||||||||||||||||||||
Land | 5,074 | 4,618 | 1,809 | 3,049 | — | 175 | |||||||||||||||||||||||
Total | 53,839 | 46,902 | 8,275 | 47,622 | 929 | 1,840 | |||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 35,759 | 18,055 | 3,102 | 24,089 | 47 | 221 | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 35,759 | 18,055 | 3,102 | 24,089 | 47 | 221 | |||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | — | — | — | — | — | — | |||||||||||||||||||||||
Auto | — | — | — | — | — | — | |||||||||||||||||||||||
Marine | 482 | 482 | 218 | 121 | — | 19 | |||||||||||||||||||||||
Recreational vehicle | 88 | 36 | 18 | 9 | — | — | |||||||||||||||||||||||
Other | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 570 | 518 | 236 | 130 | — | 19 | |||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 776 | 427 | 136 | 6,124 | 5 | 10 | |||||||||||||||||||||||
Unsecured | 105 | 74 | 74 | 1,244 | — | — | |||||||||||||||||||||||
Total | 881 | 501 | 210 | 7,368 | 5 | 10 | |||||||||||||||||||||||
Total | 91,049 | 65,976 | 11,823 | 79,209 | 981 | 2,090 | |||||||||||||||||||||||
Total | $ | 218,266 | $ | 153,567 | $ | 11,823 | $ | 161,799 | $ | 2,355 | $ | 5,611 | |||||||||||||||||
The following tables present the recorded investment in nonaccrual and loans past due over 90 days and still on accrual by class of loans as of December 31, 2013: | |||||||||||||||||||||||||||||
Nonaccrual Loans and Loans Past Due Over 90 Days and Still Accruing | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Nonaccrual | Loans past due | ||||||||||||||||||||||||||||
over 90 days | |||||||||||||||||||||||||||||
and still | |||||||||||||||||||||||||||||
accruing | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 6,356 | $ | — | |||||||||||||||||||||||||
Multifamily residential | 641 | — | |||||||||||||||||||||||||||
Nonresidential | 5,560 | — | |||||||||||||||||||||||||||
Land | 496 | — | |||||||||||||||||||||||||||
Total | 13,053 | — | |||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | 3,084 | — | |||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | |||||||||||||||||||||||||||
Total | 3,084 | — | |||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 2,726 | 45 | |||||||||||||||||||||||||||
Auto | 110 | — | |||||||||||||||||||||||||||
Marine | 136 | — | |||||||||||||||||||||||||||
Recreational vehicle | 263 | — | |||||||||||||||||||||||||||
Other | 13 | — | |||||||||||||||||||||||||||
Total | 3,248 | 45 | |||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | 4,028 | — | |||||||||||||||||||||||||||
Unsecured | 130 | — | |||||||||||||||||||||||||||
Total | 4,158 | — | |||||||||||||||||||||||||||
Total | $ | 23,543 | $ | 45 | |||||||||||||||||||||||||
The following tables present the recorded investment in nonaccrual and loans past due over 90 days and still on accrual by class of loans as of December 31, 2012: | |||||||||||||||||||||||||||||
Nonaccrual Loans and Loans Past Due Over 90 Days and Still Accruing | |||||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Nonaccrual | Loans past due | ||||||||||||||||||||||||||||
over 90 days | |||||||||||||||||||||||||||||
and still | |||||||||||||||||||||||||||||
accruing | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 5,437 | $ | — | |||||||||||||||||||||||||
Multifamily residential | 2,027 | — | |||||||||||||||||||||||||||
Nonresidential | 17,065 | 3,678 | |||||||||||||||||||||||||||
Land | 6,047 | — | |||||||||||||||||||||||||||
Total | 30,576 | 3,678 | |||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | 7,466 | — | |||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | |||||||||||||||||||||||||||
Total | 7,466 | — | |||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 3,298 | — | |||||||||||||||||||||||||||
Auto | 105 | — | |||||||||||||||||||||||||||
Marine | 176 | — | |||||||||||||||||||||||||||
Recreational vehicle | 1,259 | — | |||||||||||||||||||||||||||
Other | 4 | — | |||||||||||||||||||||||||||
Total | 4,842 | — | |||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | 1,194 | — | |||||||||||||||||||||||||||
Unsecured | 31 | — | |||||||||||||||||||||||||||
Total | 1,225 | — | |||||||||||||||||||||||||||
Total | $ | 44,109 | $ | 3,678 | |||||||||||||||||||||||||
The following tables present an age analysis of past-due loans, segregated by class of loans as of December 31, 2013: | |||||||||||||||||||||||||||||
Past Due Loans | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
30-59 | 60-89 | Greater | Total Past | Current | Total | ||||||||||||||||||||||||
Days | Days | than 90 | Due | Loans | Loans | ||||||||||||||||||||||||
Past Due | Past Due | Days | |||||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 1,482 | $ | 379 | $ | 4,687 | $ | 6,548 | $ | 578,477 | $ | 585,025 | |||||||||||||||||
Multifamily residential | 359 | — | 190 | 549 | 53,936 | 54,485 | |||||||||||||||||||||||
Nonresidential | 13 | — | 5,456 | 5,469 | 125,782 | 131,251 | |||||||||||||||||||||||
Land | — | 36 | 496 | 532 | 9,151 | 9,683 | |||||||||||||||||||||||
Total | 1,854 | 415 | 10,829 | 13,098 | 767,346 | 780,444 | |||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | — | — | 3,084 | 3,084 | 50,265 | 53,349 | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | — | — | |||||||||||||||||||||||
Total | — | — | 3,084 | 3,084 | 50,265 | 53,349 | |||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 541 | 452 | 2,111 | 3,104 | 156,691 | 159,795 | |||||||||||||||||||||||
Auto | 5 | — | 49 | 54 | 5,615 | 5,669 | |||||||||||||||||||||||
Marine | — | — | — | — | 4,308 | 4,308 | |||||||||||||||||||||||
Recreational vehicle | 117 | 199 | 3 | 319 | 17,028 | 17,347 | |||||||||||||||||||||||
Other | 1 | 7 | 10 | 18 | 2,094 | 2,112 | |||||||||||||||||||||||
Total | 664 | 658 | 2,173 | 3,495 | 185,736 | 189,231 | |||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | 11 | 4,017 | 4,028 | 21,686 | 25,714 | |||||||||||||||||||||||
Unsecured | — | — | 130 | 130 | 297 | 427 | |||||||||||||||||||||||
Total | — | 11 | 4,147 | 4,158 | 21,983 | 26,141 | |||||||||||||||||||||||
Total | $ | 2,518 | $ | 1,084 | $ | 20,233 | $ | 23,835 | $ | 1,025,330 | $ | 1,049,165 | |||||||||||||||||
The following tables present an age analysis of past-due loans, segregated by class of loans as of December 31, 2012: | |||||||||||||||||||||||||||||
Past Due Loans | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
30-59 | 60-89 | Greater | Total Past | Current | Total | ||||||||||||||||||||||||
Days | Days | than 90 | Due | Loans | Loans | ||||||||||||||||||||||||
Past Due | Past Due | Days | |||||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 1,995 | $ | 784 | $ | 4,495 | $ | 7,274 | $ | 569,975 | $ | 577,249 | |||||||||||||||||
Multifamily residential | 158 | — | 1,630 | 1,788 | 79,135 | 80,923 | |||||||||||||||||||||||
Nonresidential | — | 176 | 19,942 | 20,118 | 118,070 | 138,188 | |||||||||||||||||||||||
Land | 83 | — | 6,044 | 6,127 | 9,681 | 15,808 | |||||||||||||||||||||||
Total | 2,236 | 960 | 32,111 | 35,307 | 776,861 | 812,168 | |||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | 54 | — | 7,398 | 7,452 | 20,866 | 28,318 | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | 4,534 | 4,534 | |||||||||||||||||||||||
Total | 54 | — | 7,398 | 7,452 | 25,400 | 32,852 | |||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 1,135 | 475 | 2,071 | 3,681 | 173,549 | 177,230 | |||||||||||||||||||||||
Auto | 35 | 7 | 83 | 125 | 7,523 | 7,648 | |||||||||||||||||||||||
Marine | — | — | 8 | 8 | 4,934 | 4,942 | |||||||||||||||||||||||
Recreational vehicle | 447 | 32 | 353 | 832 | 21,418 | 22,250 | |||||||||||||||||||||||
Other | — | 1 | 3 | 4 | 2,519 | 2,523 | |||||||||||||||||||||||
Total | 1,617 | 515 | 2,518 | 4,650 | 209,943 | 214,593 | |||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | 16 | — | 23 | 39 | 24,204 | 24,243 | |||||||||||||||||||||||
Unsecured | — | 728 | 6 | 734 | 1,566 | 2,300 | |||||||||||||||||||||||
Total | 16 | 728 | 29 | 773 | 25,770 | 26,543 | |||||||||||||||||||||||
Total | $ | 3,923 | $ | 2,203 | $ | 42,056 | $ | 48,182 | $ | 1,037,974 | $ | 1,086,156 | |||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the year ended December 31, 2013: | |||||||||||||||||||||||||||||
Number of | Pre- | Post- | |||||||||||||||||||||||||||
loans | Modification | Modification | |||||||||||||||||||||||||||
Outstanding | Recorded | ||||||||||||||||||||||||||||
Recorded | Investment | ||||||||||||||||||||||||||||
Investment | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family | 42 | $ | 3,568 | $ | 3,381 | ||||||||||||||||||||||||
Multifamily residential | 1 | 469 | 469 | ||||||||||||||||||||||||||
Nonresidential | 1 | 41 | 41 | ||||||||||||||||||||||||||
Land | 2 | 2,127 | 487 | ||||||||||||||||||||||||||
Total | 46 | 6,205 | 4,378 | ||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | 1 | 942 | 823 | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | 1 | 942 | 823 | ||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 110 | 4,556 | 4,487 | ||||||||||||||||||||||||||
Auto | — | — | — | ||||||||||||||||||||||||||
Marine | — | — | — | ||||||||||||||||||||||||||
Recreational vehicle | 4 | 791 | 804 | ||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||
Total | 114 | 5,347 | 5,291 | ||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | — | — | ||||||||||||||||||||||||||
Unsecured | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | ||||||||||||||||||||||||||
Total Restructured Loans | 161 | $ | 12,494 | $ | 10,492 | ||||||||||||||||||||||||
The troubled debt restructurings described above increased the allowance for loan losses by $951,000, and resulted in $1.8 million charge-offs during the twelve months ended December 31, 2013. | |||||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the year ended December 31, 2012: | |||||||||||||||||||||||||||||
Number of | Pre- | Post- | |||||||||||||||||||||||||||
loans | Modification | Modification | |||||||||||||||||||||||||||
Outstanding | Recorded | ||||||||||||||||||||||||||||
Recorded | Investment | ||||||||||||||||||||||||||||
Investment | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family | 114 | $ | 6,618 | $ | 5,574 | ||||||||||||||||||||||||
Multifamily residential | 6 | 1,439 | 1,438 | ||||||||||||||||||||||||||
Nonresidential | 1 | 424 | 424 | ||||||||||||||||||||||||||
Land | — | — | — | ||||||||||||||||||||||||||
Total | 121 | 8,481 | 7,436 | ||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | 3 | 853 | 830 | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | 3 | 853 | 830 | ||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 86 | 6,951 | 7,033 | ||||||||||||||||||||||||||
Auto | — | — | — | ||||||||||||||||||||||||||
Marine | — | — | — | ||||||||||||||||||||||||||
Recreational vehicle | — | — | — | ||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||
Total | 86 | 6,951 | 7,033 | ||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | — | — | ||||||||||||||||||||||||||
Unsecured | 1 | 446 | 446 | ||||||||||||||||||||||||||
Total | 1 | 446 | 446 | ||||||||||||||||||||||||||
Total Restructured Loans | 211 | $ | 16,731 | $ | 15,745 | ||||||||||||||||||||||||
The troubled debt restructurings described above increased the allowance for loan losses by $584,000, and resulted in no charge-offs during the twelve months ended December 31, 2012. | |||||||||||||||||||||||||||||
During the period ended December 31, 2013, the terms of certain loans were modified as troubled debt restructurings. The modification of the terms of such loans included one or a combination of the following: a reduction of the stated interest rate of the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk; or a permanent reduction of the recorded investment in the loan. Modifications involving a reduction of the stated interest rate of a loan were for periods ranging from six months to 28 years. Modifications involving an extension of the maturity date were for periods ranging from six months to three years. | |||||||||||||||||||||||||||||
Restructured loans were $31.5 million and $25.4 million at December 31, 2013 and December 31, 2012, respectively. The Company has allocated $3.9 million of specific reserves to customers whose loan terms were modified in troubled debt restructurings as of December 31, 2013. The Company had allocated $1.0 million of specific reserves to customers whose loan terms were modified in troubled debt restructurings as of December 31, 2012. Troubled debt restructurings are considered impaired. | |||||||||||||||||||||||||||||
TDR loans that were on nonaccrual status aggregated $4.9 million and $4.4 million at December 31, 2013 and December 31, 2012, respectively. Such loans are considered nonperforming loans. TDR loans that were accruing according to their terms aggregated $26.6 million and $21.0 million at December 31, 2013 and December 31, 2012, respectively. | |||||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings for which there was a payment default within twelve months following the modification during the period ended December 31, 2013: | |||||||||||||||||||||||||||||
Number of | Recorded | ||||||||||||||||||||||||||||
loans | Investment | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family | 4 | $ | 576 | ||||||||||||||||||||||||||
Multifamily residential | 1 | 463 | |||||||||||||||||||||||||||
Nonresidential | — | — | |||||||||||||||||||||||||||
Land | 2 | 487 | |||||||||||||||||||||||||||
Total | 7 | 1,526 | |||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | 1 | 623 | |||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | |||||||||||||||||||||||||||
Total | 1 | 623 | |||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 6 | 207 | |||||||||||||||||||||||||||
Auto | — | — | |||||||||||||||||||||||||||
Marine | — | — | |||||||||||||||||||||||||||
Recreational vehicle | 2 | 184 | |||||||||||||||||||||||||||
Other | — | — | |||||||||||||||||||||||||||
Total | 8 | 391 | |||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | — | |||||||||||||||||||||||||||
Unsecured | — | — | |||||||||||||||||||||||||||
Total | — | — | |||||||||||||||||||||||||||
Total Restructured Loans | 16 | $ | 2,540 | ||||||||||||||||||||||||||
A troubled debt restructuring is considered to be in payment default once it is 30 days contractually past due under the modified terms. | |||||||||||||||||||||||||||||
The troubled debt restructurings that subsequently defaulted described above resulted in no charge-offs during the twelve months ended December 31, 2013, and had no effect on the provision for loan losses. | |||||||||||||||||||||||||||||
The terms of certain other loans were modified during the period ended December 31, 2013, but they did not meet the definition of a troubled debt restructuring. These loans have a total recorded investment as of December 31, 2013 of $66.4 million. The modification of these loans involved either a modification of the terms of a loan to borrowers who were not experiencing financial difficulties or a delay in a payment that was considered to be insignificant. | |||||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings for which there was a payment default within twelve months following the modification during the period ended December 31, 2012: | |||||||||||||||||||||||||||||
Number of | Recorded | ||||||||||||||||||||||||||||
loans | Investment | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family | 9 | $ | 851 | ||||||||||||||||||||||||||
Multifamily residential | — | — | |||||||||||||||||||||||||||
Nonresidential | — | — | |||||||||||||||||||||||||||
Land | — | — | |||||||||||||||||||||||||||
Total | 9 | 851 | |||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | — | — | |||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | |||||||||||||||||||||||||||
Total | — | — | |||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 2 | 77 | |||||||||||||||||||||||||||
Auto | — | — | |||||||||||||||||||||||||||
Marine | — | — | |||||||||||||||||||||||||||
Recreational vehicle | — | — | |||||||||||||||||||||||||||
Other | — | — | |||||||||||||||||||||||||||
Total | 2 | 77 | |||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | — | |||||||||||||||||||||||||||
Unsecured | — | — | |||||||||||||||||||||||||||
Total | — | — | |||||||||||||||||||||||||||
Total Restructured Loans | 11 | $ | 928 | ||||||||||||||||||||||||||
The troubled debt restructurings that subsequently defaulted described above resulted in no charge-offs during the twelve months ended December 31, 2012, and had no effect on the provision for loan losses. | |||||||||||||||||||||||||||||
The terms of certain other loans were modified during the period ended December 31, 2012, but they did not meet the definition of a troubled debt restructuring. These loans have a total recorded investment as of December 31, 2012 of $41.3 million. The modification of these loans involved either a modification of the terms of a loan to borrowers who were not experiencing financial difficulties or a delay in a payment that was considered to be significant. | |||||||||||||||||||||||||||||
In order to determine whether a borrower is experiencing financial difficulty an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed in accordance with the Company’s internal underwriting policy. | |||||||||||||||||||||||||||||
Credit Quality Indicators: | |||||||||||||||||||||||||||||
The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis includes homogeneous loans past due 90 cumulative days, and all non-homogeneous loans including commercial loans and commercial real estate loans. Smaller balance homogeneous loans are primarily monitored by payment status. | |||||||||||||||||||||||||||||
Asset quality ratings are divided into two groups: Pass (unclassified) and Classified. Within the unclassified group, loans that display potential weakness are risk rated as special mention. In addition, there are three classified risk ratings: substandard, doubtful and loss. These specific credit risk categories are defined as follows: | |||||||||||||||||||||||||||||
Special Mention. Loans classified as special mention have potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Loans may be housed in this category for no longer than 12 months during which time information is obtained to determine if the credit should be downgraded to the substandard category. | |||||||||||||||||||||||||||||
Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. | |||||||||||||||||||||||||||||
Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. | |||||||||||||||||||||||||||||
Loss. Loans classified as loss are considered uncollectible and of such little value, that continuance as assets is not warranted. Although there may be a chance of recovery on these assets, it is not practical or desirable to defer writing off the asset. | |||||||||||||||||||||||||||||
The Company monitors loans on a monthly basis to determine if they should be included in one of the categories listed above. All impaired non-homogeneous credits classified as Substandard, Doubtful or Loss are analyzed on an individual basis for a specific reserve requirement. This analysis is performed on each individual credit at least annually or more frequently if warranted. | |||||||||||||||||||||||||||||
As of December 31, 2013 and December 31, 2012, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: | |||||||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Unclassified | Classified | ||||||||||||||||||||||||||||
Unclassified | Special | Substandard | Doubtful | Loss | Total | Total Loans | |||||||||||||||||||||||
Mention | Classified | ||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 575,903 | $ | 404 | $ | 8,718 | $ | — | $ | — | $ | 8,718 | $ | 585,025 | |||||||||||||||
Multifamily Residential | 48,918 | 2,962 | 2,605 | — | — | 2,605 | 54,485 | ||||||||||||||||||||||
Nonresidential | 90,115 | 12,222 | 28,914 | — | — | 28,914 | 131,251 | ||||||||||||||||||||||
Land | 9,069 | 127 | 487 | — | — | 487 | 9,683 | ||||||||||||||||||||||
Total | 724,005 | 15,715 | 40,724 | — | — | 40,724 | 780,444 | ||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family Residential | 50,257 | — | 3,092 | — | — | 3,092 | 53,349 | ||||||||||||||||||||||
Multifamily and Nonresidential | — | — | — | — | — | — | — | ||||||||||||||||||||||
Total | 50,257 | — | 3,092 | — | — | 3,092 | 53,349 | ||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 156,841 | 46 | 2,954 | — | — | 2,954 | 159,841 | ||||||||||||||||||||||
Auto | 5,507 | 5 | 116 | — | — | 116 | 5,628 | ||||||||||||||||||||||
Marine | 4,143 | — | 160 | — | — | 160 | 4,303 | ||||||||||||||||||||||
Recreational vehicle | 17,066 | — | 281 | — | — | 281 | 17,347 | ||||||||||||||||||||||
Other | 2,099 | — | 13 | — | — | 13 | 2,112 | ||||||||||||||||||||||
Total | 185,656 | 51 | 3,524 | — | — | 3,524 | 189,231 | ||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | 19,714 | 190 | 5,810 | — | — | 5,810 | 25,714 | ||||||||||||||||||||||
Unsecured | 68 | — | 359 | — | — | 359 | 427 | ||||||||||||||||||||||
Total | 19,782 | 190 | 6,169 | — | — | 6,169 | 26,141 | ||||||||||||||||||||||
Total | $ | 979,700 | $ | 15,956 | $ | 53,509 | $ | — | $ | — | $ | 53,509 | $ | 1,049,165 | |||||||||||||||
Loans | |||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Unclassified | Classified | ||||||||||||||||||||||||||||
Unclassified | Special | Substandard | Doubtful | Loss | Total | Total Loans | |||||||||||||||||||||||
Mention | Classified | ||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 569,204 | $ | 459 | $ | 7,586 | $ | — | $ | — | $ | 7,586 | $ | 577,249 | |||||||||||||||
Multifamily Residential | 69,060 | 8,409 | 3,454 | — | — | 3,454 | 80,923 | ||||||||||||||||||||||
Nonresidential | 99,275 | 12,234 | 26,679 | — | — | 26,679 | 138,188 | ||||||||||||||||||||||
Land | 9,596 | 280 | 5,932 | — | — | 5,932 | 15,808 | ||||||||||||||||||||||
Total | 747,135 | 21,382 | 43,651 | — | — | 43,651 | 812,168 | ||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family Residential | 20,577 | 196 | 7,545 | — | — | 7,545 | 28,318 | ||||||||||||||||||||||
Multifamily and Nonresidential | 4,534 | — | — | — | — | — | 4,534 | ||||||||||||||||||||||
Total | 25,111 | 196 | 7,545 | — | — | 7,545 | 32,852 | ||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 173,696 | 82 | 3,534 | — | — | 3,534 | 177,230 | ||||||||||||||||||||||
Auto | 7,453 | 7 | 113 | — | — | 113 | 7,648 | ||||||||||||||||||||||
Marine | 4,745 | — | 190 | — | — | 190 | 4,942 | ||||||||||||||||||||||
Recreational vehicle | 20,859 | — | 1,391 | — | — | 1,391 | 22,250 | ||||||||||||||||||||||
Other | 2,507 | — | 16 | — | — | 16 | 2,523 | ||||||||||||||||||||||
Total | 209,260 | 89 | 5,244 | — | — | 5,244 | 214,593 | ||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | 20,843 | 769 | 2,631 | — | — | 2,631 | 24,243 | ||||||||||||||||||||||
Unsecured | 1,481 | 11 | 808 | — | — | 808 | 2,300 | ||||||||||||||||||||||
Total | 22,324 | 780 | 3,439 | — | — | 3,439 | 26,543 | ||||||||||||||||||||||
Total | $ | 1,003,830 | $ | 22,447 | $ | 59,879 | $ | — | $ | — | $ | 59,879 | $ | 1,086,156 | |||||||||||||||
Directors and officers of United Community and Home Savings are customers of Home Savings in the ordinary course of business. The following describes loans to officers and/or directors of United Community and Home Savings: | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Balance as of December 31, 2012 | $ | 1,387 | |||||||||||||||||||||||||||
New loans to officers and/or directors | — | ||||||||||||||||||||||||||||
Loan payments during 2013 | (308 | ) | |||||||||||||||||||||||||||
Reductions due to changes in officers and/or directors | (359 | ) | |||||||||||||||||||||||||||
Balance as of December 31, 2013 | $ | 720 | |||||||||||||||||||||||||||
Mortgage_Banking_Activities
Mortgage Banking Activities | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Text Block [Abstract] | ' | ||||||||||||
Mortgage Banking Activities | ' | ||||||||||||
6. MORTGAGE BANKING ACTIVITIES | |||||||||||||
Mortgage loans serviced for others, which are not reported in United Community’s assets, totaled $1.1 billion at December 31, 2013 and 2012. Mortgage banking income is comprised of gains recognized on the sale of loans and changes in fair value of mortgage banking derivatives. | |||||||||||||
Mortgage loans serviced for others are not reported as assets. The principal balance of these loans at year end are as follows: | |||||||||||||
2013 | 2012 | ||||||||||||
Mortgage loan portfolios serviced for: | |||||||||||||
FHLMC | $ | 827,146 | $ | 817,108 | |||||||||
FNMA | 283,340 | 316,142 | |||||||||||
Escrow balances are maintained at the FHLB in connection with serviced loans totaling $1.3 million and $1.7 million at year-end 2013 and 2012. | |||||||||||||
Activity for capitalized mortgage servicing rights, included in other assets, was as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Dollars in thousands) | |||||||||||||
Balance, beginning of year | $ | 6,186 | $ | 6,375 | $ | 6,400 | |||||||
Originations | 1,898 | 2,395 | 2,204 | ||||||||||
Amortized to expense | (2,143 | ) | (2,584 | ) | (2,229 | ) | |||||||
Balance, end of year | 5,941 | 6,186 | 6,375 | ||||||||||
Less valuation allowance | — | (680 | ) | (1,785 | ) | ||||||||
Net balance | $ | 5,941 | $ | 5,506 | $ | 4,590 | |||||||
Fair value of mortgage servicing rights was $10.2 million, $6.8 million and $5.6 million at December 31, 2013, 2012, and 2011, respectively. | |||||||||||||
Activity in the valuation allowance for mortgage servicing rights was as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Dollars in thousands) | |||||||||||||
Balance, beginning of year | $ | (680 | ) | $ | (1,785 | ) | $ | (285 | ) | ||||
Impairment charges | — | (1,179 | ) | (1,727 | ) | ||||||||
Recoveries | 680 | 2,284 | 227 | ||||||||||
Balance, end of year | $ | — | $ | (680 | ) | $ | (1,785 | ) | |||||
Key economic assumptions used in measuring the value of mortgage servicing rights at December 31, 2013 and 2012 were as follows: | |||||||||||||
2013 | 2012 | ||||||||||||
Weighted average prepayment rate | 182 PSA | 401 PSA | |||||||||||
Weighted average life (in years) | 3.94 | 3.93 | |||||||||||
Weighted average discount rate | 8 | % | 8 | % | |||||||||
At year-end 2013, the Company had approximately $15.6 million of interest rate lock commitments and $17.5 million of forward commitments for the future delivery of residential mortgage loans. At year-end 2012, the Company had approximately $57.5 million of interest rate lock commitments and $55.0 million of forward commitments for the future delivery of residential mortgage loans. The fair value of these mortgage banking derivatives was not material at year end 2013 or 2012. | |||||||||||||
Amounts held in custodial accounts for investors amounted to $15.0 million and $18.1 million at December 31, 2013 and 2012, respectively. | |||||||||||||
During 2013, Home Savings received requests for reimbursements from Freddie Mac and Fannie Mae, both of whom in the normal course purchase loans originated by Home Savings, for the purpose of making them whole on certain loans sold in the secondary market. These sold loans had certain identified weaknesses such that, in the opinion of management, a settlement to the investor is required. For the twelve months ended December 31, 2013, Home Savings incurred expenses of $2.0 million associated with such repurchases. Home Savings has included in other liabilities a reserve for future make-whole settlements aggregating $1.2 million at December 31, 2013. Management believes this reserve is adequate given the historical losses incurred to date and the probability that future losses may occur. |
Other_Real_Estate_Owned_and_Ot
Other Real Estate Owned and Other Repossessed Assets | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Text Block [Abstract] | ' | ||||||||||||
Other Real Estate Owned and Other Repossessed Assets | ' | ||||||||||||
7. OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS | |||||||||||||
Real estate owned and other repossessed assets at December 31, 2013 and 2012 was as follows: | |||||||||||||
December 31, | December 31, | ||||||||||||
2013 | 2012 | ||||||||||||
(Dollars in thousands) | |||||||||||||
Real estate owned and other repossessed assets | $ | 10,400 | $ | 25,236 | |||||||||
Valuation allowance | (4,059 | ) | (6,796 | ) | |||||||||
End of period | $ | 6,341 | $ | 18,440 | |||||||||
Activity in the valuation allowance was as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Dollars in thousands) | |||||||||||||
Beginning of year | $ | 6,796 | $ | 8,764 | $ | 7,332 | |||||||
Additions charged to expense | 2,014 | 2,248 | 4,684 | ||||||||||
Direct write-downs | (4,751 | ) | (4,216 | ) | (3,252 | ) | |||||||
End of year | $ | 4,059 | $ | 6,796 | $ | 8,764 | |||||||
Expenses related to foreclosed and repossessed assets include: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Dollars in thousands) | |||||||||||||
Net loss on sales | $ | 167 | $ | 1,943 | $ | 1,481 | |||||||
Provision for unrealized losses | 2,014 | 2,248 | 4,684 | ||||||||||
Operating expenses, net of rental income | 1,450 | 1,743 | 2,891 | ||||||||||
Total expenses | $ | 3,631 | $ | 5,934 | $ | 9,056 | |||||||
Premises_and_Equipment
Premises and Equipment | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Premises and Equipment | ' | ||||||||
8. PREMISES AND EQUIPMENT | |||||||||
Premises and equipment consist of the following: | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
(Dollars in thousands) | |||||||||
Land | $ | 7,054 | $ | 7,054 | |||||
Buildings | 23,176 | 23,020 | |||||||
Leasehold improvements | 1,124 | 1,114 | |||||||
Furniture and equipment | 22,031 | 20,994 | |||||||
53,385 | 52,182 | ||||||||
Less: Accumulated depreciation and amortization | 32,461 | 30,633 | |||||||
Total | $ | 20,924 | $ | 21,549 | |||||
Depreciation expense was $1.9 million for 2013, $1.3 million for 2012 and $1.7 million for 2011. | |||||||||
Rent expense was $672,000 for 2013, $779,000 for 2012 and $719,000 for 2011. Rent commitments under noncancelable operating leases for offices were as follows, before considering renewal options that generally are present: | |||||||||
(Dollars in thousands) | |||||||||
2014 | $ | 401 | |||||||
2015 | 310 | ||||||||
2016 | 192 | ||||||||
2017 | 168 | ||||||||
2018 | 174 | ||||||||
Thereafter | 1,437 | ||||||||
Total | $ | 2,682 | |||||||
Intangible_Assets
Intangible Assets | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||
Intangible Assets | ' | ||||||||||||||||
9. INTANGIBLE ASSETS | |||||||||||||||||
Acquired Intangible Assets | |||||||||||||||||
As of December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Gross | Accumulated | Gross | Accumulated | ||||||||||||||
Carrying | Amortization | Carrying | Amortization | ||||||||||||||
Amount | Amount | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Amortized intangible assets: | |||||||||||||||||
Core deposit intangibles | $ | 8,952 | $ | 8,800 | $ | 8,952 | $ | 8,714 | |||||||||
Total | $ | 8,952 | $ | 8,800 | $ | 8,952 | $ | 8,714 | |||||||||
Estimated amortization expense: | |||||||||||||||||
For the year ended: | |||||||||||||||||
December 31, 2014 | $ | 68 | |||||||||||||||
December 31, 2015 | 54 | ||||||||||||||||
December 31, 2016 | 25 | ||||||||||||||||
December 31, 2017 | 3 | ||||||||||||||||
December 31, 2018 | 2 | ||||||||||||||||
Aggregate amortization expense for the years ended December 31, 2013, 2012 and 2011, was $86,000; $108,000; and $139,000, respectively. |
Deposits
Deposits | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||
Deposits | ' | ||||||||||||
10. DEPOSITS | |||||||||||||
Deposits consist of the following: | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
(Dollars in thousands) | |||||||||||||
Checking accounts: | |||||||||||||
Interest bearing | $ | 132,751 | $ | 132,947 | |||||||||
Non-interest bearing | 170,590 | 159,767 | |||||||||||
Savings accounts | 267,515 | 264,411 | |||||||||||
Money market accounts | 328,625 | 345,651 | |||||||||||
Certificates of deposit | 492,271 | 559,298 | |||||||||||
Total deposits | $ | 1,391,752 | $ | 1,462,074 | |||||||||
Interest expense on deposits is summarized as follows: | |||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Dollars in thousands) | |||||||||||||
Interest bearing demand deposits and money market accounts | $ | 1,016 | $ | 1,565 | $ | 2,231 | |||||||
Savings accounts | 242 | 332 | 501 | ||||||||||
Certificates of deposit | 6,365 | 9,999 | 21,609 | ||||||||||
Total | $ | 7,623 | $ | 11,896 | $ | 24,341 | |||||||
A summary of certificates of deposit by maturity follows: | |||||||||||||
December 31, 2013 | |||||||||||||
(Dollars in thousands) | |||||||||||||
2014 | $ | 214,819 | |||||||||||
2015 | 88,595 | ||||||||||||
2016 | 61,028 | ||||||||||||
2017 | 57,043 | ||||||||||||
2018 and thereafter | 70,786 | ||||||||||||
Total | $ | 492,271 | |||||||||||
A summary of certificates of deposit with balances of $100,000 or more by maturity is as follows: | |||||||||||||
December 31, | December 31, | ||||||||||||
2013 | 2012 | ||||||||||||
(Dollars in thousands) | |||||||||||||
Three months or less | $ | 19,868 | $ | 14,274 | |||||||||
Over three months to six months | 13,123 | 6,120 | |||||||||||
Over six months to twelve months | 11,422 | 21,759 | |||||||||||
Over twelve months | 79,510 | 102,552 | |||||||||||
Total | $ | 123,923 | $ | 144,705 | |||||||||
Home Savings had no brokered deposits at December 31, 2013 and 2012. | |||||||||||||
Home Savings offers an equity-linked time deposit product (the Power CD). The Power CD is a time deposit that provides the purchaser a guaranteed return of principal at maturity plus a potential equity return. Home Savings has $2.0 million in Power CD’s that are included in certificates of deposit at December 31, 2013. There were no Power CD’s at December 31, 2012. |
Federal_Home_Loan_Bank_Advance
Federal Home Loan Bank Advances | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||||||
Federal Home Loan Bank Advances | ' | ||||||||||||||||
11. FEDERAL HOME LOAN BANK ADVANCES | |||||||||||||||||
The following is a summary of FHLB advances: | |||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Year of maturity | Amount | Weighted | Amount | Weighted | |||||||||||||
average rate | average rate | ||||||||||||||||
2017 | 50,000 | 4.2 | 50,000 | 4.2 | |||||||||||||
Home Savings has available credit, subject to collateral requirements, with the FHLB of approximately $309.1 million, of which $50.0 million in term advances was outstanding. At December 31, 2013, Home Savings would have incurred a prepayment penalty of $5.3 million if it had chosen to prepay such remaining term advances with the FHLB. All advances must be secured by eligible collateral as specified by the FHLB. Accordingly, Home Savings has a blanket pledge of its one-to four-family mortgages as collateral for the advances outstanding at December 31, 2013. The required minimum ratio of collateral to advances is 125% for one-to four-family loans. Additional changes in value can be applied to one-to four-family mortgage collateral based upon characteristics such as loan-to-value ratios and FICO scores. |
Securities_Sold_Under_Agreemen
Securities Sold Under Agreement to Repurchase and Other Borrowings | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||||||
Securities Sold Under Agreement to Repurchase and Other Borrowings | ' | ||||||||||||||||
12. SECURITIES SOLD UNDER AGREEMENT TO REPURCHASE AND OTHER BORROWINGS | |||||||||||||||||
The following is a summary of securities sold under an agreement to repurchase and other borrowings: | |||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Amount | Weighted | Amount | Weighted | ||||||||||||||
average rate | average rate | ||||||||||||||||
Securities sold under agreement to repurchase-term | $ | 90,000 | 4.01 | % | $ | 90,000 | 4.01 | % | |||||||||
Other borrowings | 578 | 4 | % | 598 | 4 | % | |||||||||||
Total repurchase agreements and other | $ | 90,578 | 4.01 | % | $ | 90,598 | 4.01 | % | |||||||||
December 31, | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Average daily balance during the year | $ | 90,588 | $ | 90,608 | $ | 94,477 | |||||||||||
Average interest rate during the year | 4.01 | % | 4.01 | % | 3.9 | % | |||||||||||
Maximum month end balance during the year | $ | 90,597 | $ | 90,616 | $ | 100,446 | |||||||||||
Weighted average interest rate at year end | 4.01 | % | 4.01 | % | 4.01 | % | |||||||||||
The repurchase agreements are in three tranches of $30.0 million each which mature on January 26, 2016, September 26, 2016 and February 20, 2017. There are prepayment penalties on these repurchase agreements of $2.1 million, $2.8 million and $3.0 million, respectively | |||||||||||||||||
Securities sold under agreements to repurchase are secured primarily by mortgage-backed securities with a fair value of approximately $121.2 million at December 31, 2013 and $125.5 million at December 31, 2012. Securities sold under agreements to repurchase are typically held by a brokerage firm in a wholesale transaction and by an independent third party when they are for retail customers. At maturity, the securities underlying the agreements are returned to Home Savings. Other borrowings consist of a match-funding advance related to a commercial participation loan aggregating $578,000 at December 31, 2013. At December 31, 2012, other borrowings consisted of the aforementioned match-funding advance of $598,000. | |||||||||||||||||
The Holding Company Order, which was terminated on July 2, 2013, and the Holding Company MOU, which was terminated on January 8, 2014, required United Community to obtain regulatory approval at the holding company level prior to incurring debt. |
Loss_Contingencies
Loss Contingencies | 12 Months Ended |
Dec. 31, 2013 | |
Commitments And Contingencies Disclosure [Abstract] | ' |
Loss Contingencies | ' |
13. LOSS CONTINGENCIES | |
United Community and Home Savings are parties to litigation arising in the normal course of business. While it is difficult to determine the ultimate resolution of these matters, management believes any resulting liability would not have a material effect upon United Community’s financial statements. |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Income Taxes | ' | ||||||||||||||||||||||||
14. INCOME TAXES | |||||||||||||||||||||||||
The income tax expense (benefit) consists of the following components: | |||||||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Current | $ | 200 | $ | — | $ | — | |||||||||||||||||||
Deferred | 2,958 | (7,522 | ) | (148 | ) | ||||||||||||||||||||
Change in valuation allowance | (2,958 | ) | 6,634 | 148 | |||||||||||||||||||||
Total | $ | 200 | $ | (888 | ) | $ | — | ||||||||||||||||||
Effective tax rates differ from the statutory federal income tax rate of 35% due to the following: | |||||||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Dollars | Rate | Dollars | Rate | Dollars | Rate | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Tax (benefit) at statutory rate | $ | 3,580 | 35 | % | $ | (7,464 | ) | 35 | % | $ | 81 | 35 | % | ||||||||||||
Increase (decrease) due to: | |||||||||||||||||||||||||
Tax exempt income | — | — | — | — | (1 | ) | -0.4 | ||||||||||||||||||
Life insurance | (382 | ) | -3.7 | (575 | ) | 2.7 | (367 | ) | -159.5 | ||||||||||||||||
Other | (40 | ) | -0.4 | 517 | -2.4 | 139 | 60.5 | ||||||||||||||||||
Valuation allowance | (2,958 | ) | -28.9 | 6,634 | -31.1 | 148 | 64.4 | ||||||||||||||||||
Income tax provision (benefit) | $ | 200 | 2 | % | $ | (888 | ) | 4.2 | % | $ | — | 0 | % | ||||||||||||
Significant components of the deferred tax assets and liabilities are as follows: | |||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Deferred tax assets: | |||||||||||||||||||||||||
Loan loss reserves | $ | 7,391 | $ | 7,396 | |||||||||||||||||||||
Postretirement benefits | 1,162 | 1,254 | |||||||||||||||||||||||
Other real estate owned valuation | 1,421 | 2,379 | |||||||||||||||||||||||
Tax credits carryforward | 339 | 224 | |||||||||||||||||||||||
Securities impairment charges | 153 | 153 | |||||||||||||||||||||||
Unrealized loss on securities available for sale | 14,138 | — | |||||||||||||||||||||||
Interest on nonaccrual loans | 758 | 1,632 | |||||||||||||||||||||||
Net operating loss carryforward | 26,708 | 27,701 | |||||||||||||||||||||||
Purchase accounting adjustment | 70 | 51 | |||||||||||||||||||||||
Accrued bonuses | 456 | 405 | |||||||||||||||||||||||
Other | 295 | 465 | |||||||||||||||||||||||
Less: Valuation allowance | (42,802 | ) | (28,838 | ) | |||||||||||||||||||||
Deferred tax assets | 10,089 | 12,822 | |||||||||||||||||||||||
Deferred tax liabilities: | |||||||||||||||||||||||||
Deferred loan fees | 405 | 442 | |||||||||||||||||||||||
Federal Home Loan Bank stock dividends | 6,715 | 6,715 | |||||||||||||||||||||||
Mortgage servicing rights | 2,079 | 1,927 | |||||||||||||||||||||||
Unrealized gain on securities available for sale | — | 2,819 | |||||||||||||||||||||||
Postretirement benefits accrual | 640 | 605 | |||||||||||||||||||||||
Prepaid expenses | 250 | 314 | |||||||||||||||||||||||
Deferred tax liabilities | 10,089 | 12,822 | |||||||||||||||||||||||
Net deferred tax asset | $ | — | $ | — | |||||||||||||||||||||
As of December 31, 2013 and 2012, the net deferred tax asset was $42.8 million and $28.8 million, respectively. Management recorded a valuation allowance against the net deferred tax assets at December 31, 2013, 2012 and 2011 based on consideration of, but not limited to, its cumulative pre-tax losses during the past three years, the composition of recurring and non-recurring income from operations over the past several years and the magnitude of recent taxable income as compared to net operating loss carryforwards. When determining the amount of deferred tax assets that are more-likely-than-not to be realized, and therefore recorded as a benefit, the Company conducts a regular assessment of all available information. This information includes, but is not limited to, taxable income in prior periods, projected future income and projected future reversals of deferred tax items. Based on these criteria, the Company determined that it was necessary to maintain a full valuation allowance against the entire net deferred tax asset. A portion of the change in the valuation allowance is attributable to other comprehensive loss in the current year. | |||||||||||||||||||||||||
United Community’s net operating loss of $76.1 million will be carried forward to use against future taxable income. The net operating loss carryforwards begin to expire in the year ending December 31, 2030. In addition, United Community is carrying forward $339,000 of alternative minimum tax credits. The alternative minimum tax credits are carried forward indefinitely. | |||||||||||||||||||||||||
Retained earnings at December 31, 2013 included approximately $21.1 million for which no provision for federal income taxes has been made. This amount represents the tax bad debt reserve at December 31, 1987, which is the end of United Community’s base year for purposes of calculating the bad debt deduction for tax purposes. If this portion of retained earnings is used in the future for any purpose other than to absorb bad debts, the amount used will be added to future taxable income. The unrecorded deferred tax liability on the above amount at December 31, 2013 was approximately $7.3 million. At December 31, 2013, Home Savings has a $5.7 million deficit in tax earnings and profits. As long as Home Savings remains in a negative tax earnings and profits position, any distribution from Home Savings to United Community, including any distributions made by Home Savings in direct redemption of stock from United Community, will result in recapture of proportionate amounts of these bad debt reserves and, as a result, recording of the related tax liability. | |||||||||||||||||||||||||
As of December 31, 2013 and December 31, 2012, United Community had no unrecognized tax benefits or accrued interest and penalties recorded. United Community does not expect the total amount of unrecognized tax benefits to significantly increase within the next twelve months. United Community will record interest and penalties as a component of income tax expense. | |||||||||||||||||||||||||
Based on the capital raise in the first half of 2013, management has made a preliminary assessment that a change in ownership in accordance with the guidelines of Section 382 of the Internal Revenue Code of 1986 has not occurred. | |||||||||||||||||||||||||
United Community and Home Savings are subject to U.S. federal income tax, and United Community is subject to Ohio income tax. Home Savings is subject to tax in Ohio based upon its net worth. United Community and Home Savings also file state income tax returns in Pennsylvania, Indiana and Florida. United Community is no longer subject to examination by taxing authorities for years prior to 2010. |
Shareholders_Equity
Shareholders' Equity | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Equity [Abstract] | ' | ||||||||||||
Shareholders' Equity | ' | ||||||||||||
15. SHAREHOLDERS’ EQUITY | |||||||||||||
Dividends | |||||||||||||
United Community’s source of funds for dividends to its shareholders is earnings on its investments and dividends from Home Savings. During the year ended December 31, 2013, United Community paid no cash or stock dividends. While Home Savings’ primary regulator is the FDIC, the FRB has regulations that impose certain restrictions on payments of dividends to United Community as of December 31, 2013. | |||||||||||||
Home Savings must file an application with, and obtain approval from, the FRB if (i) the proposed distribution would cause total distributions for the calendar year to exceed net income for that year-to-date plus retained net income (as defined) for the preceding two years; (ii) Home Savings would not be at least adequately capitalized following the capital distribution; or (iii) the proposed distribution would violate a prohibition contained in any applicable statute, regulation or agreement between Home Savings and the FRB or the FDIC, or any condition imposed on Home Savings in an FRB-approved application or notice. If Home Savings is not required to file an application, it must file a notice of the proposed capital distribution with the FRB. As of December 31, 2013, Home Savings had no retained earnings that could be distributed based on cumulative losses over the aforementioned period. Home Savings paid no dividends to United Community during 2013. Under the Bank Order, Home Savings was not permitted to pay cash dividends to United Community without obtaining prior regulatory approval, and this prohibition continued under the MOU, which was terminated on November 27, 2013. Under the Holding Company Order, which was terminated on July 2, 2013 and the Holding Company MOU, which was terminated on January 8, 2014, United Community was not permitted to pay cash dividends to its shareholders without obtaining prior regulatory approval. At December 31, 2013, Home Savings has a $5.7 million deficit in tax earnings and profits. As long as Home Savings remains in a negative tax earnings and profits position, any distribution from Home Savings to United Community, including any distributions made by Home Savings in direct redemption of stock from United Community, will result in recapture of proportionate amounts of these bad debt reserves and, as a result, recording of the related tax liability. | |||||||||||||
Other Comprehensive Income | |||||||||||||
Other comprehensive income included in the consolidated statements of shareholders’ equity consists of unrealized gains and losses on available for sale securities and changes in unrealized gains and losses on the postretirement liability. The change includes reclassification of net gains or (losses) and impairment charges on sales of securities of $2.6 million, $6.3 million and $8.5 million for the years ended December 31, 2013, 2012 and 2011. | |||||||||||||
Other comprehensive income (loss) components and related tax effects are as follows: | |||||||||||||
As of December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Dollars in thousands) | |||||||||||||
Unrealized holding gain (loss) on securities available for sale | $ | (45,869 | ) | $ | 8,827 | $ | 17,664 | ||||||
Reclassification adjustment for gains realized in income | (2,577 | ) | (6,325 | ) | (8,633 | ) | |||||||
Reclassification adjustment for prior OTTI charges | — | 13 | 89 | ||||||||||
Net unrealized gains (losses) | (48,446 | ) | 2,515 | 9,120 | |||||||||
Tax effect (35%) | — | (880 | ) | — | |||||||||
Net-of-tax amount | (48,446 | ) | 1,635 | 9,120 | |||||||||
Net gain on employee pension plan | 288 | 193 | 79 | ||||||||||
Prior service cost (credit) | — | — | 689 | ||||||||||
Amortization of prior service cost | (189 | ) | (170 | ) | (78 | ) | |||||||
99 | 23 | 690 | |||||||||||
Tax effect | — | (8 | ) | — | |||||||||
Net of tax amount | 99 | 15 | 690 | ||||||||||
$ | (48,347 | ) | $ | 1,650 | $ | 9,810 | |||||||
The following is a summary of accumulated other comprehensive income (loss) balances, net of tax: | |||||||||||||
Balance at | Current | Balance at | |||||||||||
December 31, | Period | December 31, | |||||||||||
2012 | Change | 2013 | |||||||||||
(Dollars in thousands) | |||||||||||||
Unrealized gain (loss) on securities available for sale | $ | 5,082 | $ | (48,446 | ) | $ | (43,364 | ) | |||||
Unrealized gains on postretirement benefits | 1,600 | 99 | 1,699 | ||||||||||
Total | $ | 6,682 | $ | (48,347 | ) | $ | (41,665 | ) | |||||
The following is a summary of each component of accumulated other comprehensive income (loss) that was reclassified into net income during the twelve months ended December 31, 2013: | |||||||||||||
Unrealized | Postretirement | Total | |||||||||||
gains/losses on | Benefits | ||||||||||||
Available for | |||||||||||||
Sale Securities | |||||||||||||
(Dollars in thousands) | |||||||||||||
Beginning balance (12/31/2012) | $ | 5,082 | $ | 1,600 | $ | 6,682 | |||||||
Other comprehensive income (loss) before reclassification | (45,869 | ) | 288 | (45,581 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive loss | (2,577 | ) | (189 | ) | (2,766 | ) | |||||||
Net current period other comprehensive loss | (48,446 | ) | 99 | (48,347 | ) | ||||||||
Ending balance (12/31/2013) | $ | (43,364 | ) | $ | 1,699 | $ | (41,665 | ) | |||||
The following is significant amounts reclassified out of each component of accumulated comprehensive income (loss) for the year ended December 31, 2013: | |||||||||||||
Details About Accumulated Other | Amount Reclassified | Affected Line Item on the Statement | |||||||||||
Comprehensive Income Components | From Accumulated | Where Net Income is Presented | |||||||||||
Other Comprehensive | |||||||||||||
Income | |||||||||||||
(Dollars in thousands) | |||||||||||||
Realized net gains on the sale of available for sale securities | $ | (2,577 | ) | Net gains on securities available for sale | |||||||||
— | Tax expense (benefit) | ||||||||||||
$ | (2,577 | ) | Net of tax | ||||||||||
Amortization of postretirement benefits | |||||||||||||
Prior service costs | (189 | ) | Salaries & employee benefits | ||||||||||
— | Tax expense (benefit) | ||||||||||||
(189 | ) | Net of tax | |||||||||||
Total reclassification during the period | $ | (2,766 | ) | ||||||||||
Liquidation Account | |||||||||||||
At the time of the Conversion, Home Savings established a liquidation account, totaling $141.4 million, which was equal to its regulatory capital as of the latest practicable date prior to the Conversion. In the event of a complete liquidation, each eligible depositor will be entitled to receive a distribution from the liquidation account in an amount proportionate to the current adjusted qualifying balances for the accounts then held. |
Regulatory_Capital_Requirement
Regulatory Capital Requirements | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||
Regulatory Capital Requirements | ' | ||||||||||||||||||||||||
16. REGULATORY CAPITAL REQUIREMENTS | |||||||||||||||||||||||||
Home Savings is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on Home Savings and United Community. The regulations require Home Savings to meet specific capital adequacy guidelines and the regulatory framework for prompt corrective action that involve quantitative measures of Home Savings’ assets, liabilities, and certain off balance sheet items as calculated under regulatory accounting practices. Home Savings’ capital classification also is subject to qualitative judgments by the regulators about components, risk weightings, and other factors. | |||||||||||||||||||||||||
Quantitative measures established by regulation for capital adequacy require Home Savings to maintain minimum amounts and ratios of Tier 1 (or Core) capital (as defined in the regulations) to average total assets (as defined) and of total risk-based capital (as defined) to risk-weighted assets (as defined). Actual and statutory required capital amounts and ratios for Home Savings are presented below. | |||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||
Actual | Minimum | To Be Well | |||||||||||||||||||||||
Capital | Capitalized | ||||||||||||||||||||||||
Requirements | Under Prompt | ||||||||||||||||||||||||
Per Regulation | Corrective | ||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Total risk-based capital to risk-weighted assets | $ | 200,835 | 19.76 | % | $ | 81,293 | 8 | % | $ | 101,616 | 10 | % | |||||||||||||
Tier 1 capital to risk-weighted assets | 188,029 | 18.5 | % | * | * | 60,969 | 6 | % | |||||||||||||||||
Tier 1 capital to average total assets** | 188,029 | 10.5 | % | 71,611 | 4 | % | 89,514 | 5 | % | ||||||||||||||||
* | Ratio is not required under regulations | ||||||||||||||||||||||||
** | Tier 1 Leverage Capital Ratio | ||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||
Actual | Minimum | ||||||||||||||||||||||||
Capital | |||||||||||||||||||||||||
Requirements | |||||||||||||||||||||||||
Per Bank Order | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | ||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Total risk-based capital to risk-weighted assets | $ | 174,139 | 16.21 | % | $ | 128,948 | 12 | % | |||||||||||||||||
Tier 1 capital to risk-weighted assets | 160,612 | 14.95 | % | * | * | ||||||||||||||||||||
Tier 1 capital to average total assets** | 160,612 | 8.7 | % | 166,226 | 9 | % | |||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||
Minimum | To Be Well | ||||||||||||||||||||||||
Capital | Capitalized | ||||||||||||||||||||||||
Requirements | Under Prompt | ||||||||||||||||||||||||
Per Regulation | Corrective | ||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | ||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Total risk-based capital to risk-weighted assets | $ | 85,965 | 8 | % | $ | 107,457 | 10 | % | |||||||||||||||||
Tier 1 capital to risk-weighted assets | * | * | 64,474 | 6 | % | ||||||||||||||||||||
Tier 1 capital to average total assets** | 73,878 | 4 | % | 92,348 | 5 | % | |||||||||||||||||||
* | Ratio is not required under regulations | ||||||||||||||||||||||||
** | Tier 1 Leverage Capital Ratio | ||||||||||||||||||||||||
As of December 31, 2013, Home Savings is considered well capitalized. As of December 31, 2012, the FDIC categorized Home Savings as adequately capitalized pursuant to the Bank Order and the Consent Order respectively. | |||||||||||||||||||||||||
Pursuant to the Consent Order issued by the FDIC and Ohio Division, Home Savings needed to maintain a Tier 1 Leverage Capital Ratio greater than 9.0% and a Total Risk Based Capital Ratio greater than 12.0% at the end of every quarter beginning with the quarter ending June 30, 2012. While the Consent Order was in effect, if either ratio had fallen below its limit at the end of any given quarter, then Home Savings would have had to have restored its capital ratios to required levels within 90 days. | |||||||||||||||||||||||||
The Bank’s Tier 1 Leverage Capital Ratio was 8.70% at December 31, 2012. While Home Savings was still operating under a Consent Order at December 31, 2012 requiring a minimum Tier 1 Leverage Capital Ratio of 9.0%, the Company worked closely with its regulators to keep them informed of the bulk sale transaction and obtained their concurrence to complete the bulk sale along with the Bank’s commitment to meet the 9.0% requirement by March 31, 2013. Under the terms of the Bank MOU entered into on January 31, 2013, Home Savings was required to maintain a Tier 1 Leverage Capital Ratio of 8.50%. The Bank MOU was terminated on November 27, 2013. The Bank complied with the higher capital requirements established in Bank MOU. |
Benefit_Plans
Benefit Plans | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Postemployment Benefits [Abstract] | ' | ||||||||||||
Benefit Plans | ' | ||||||||||||
17. BENEFIT PLANS | |||||||||||||
Postretirement Benefit Plans | |||||||||||||
In addition to Home Savings’ retirement plans, Home Savings sponsors a defined benefit health care plan that was curtailed in 2000 to provide postretirement medical benefits only for these employees who worked 20 years and attained a minimum age of 60 by September 1, 2000, while in service with Home Savings. The plan is unfunded and, as such, has no assets. Furthermore, the plan is contributory and contains minor cost-sharing features such as deductibles and coinsurance. In addition, postretirement life insurance coverage is provided for employees who were participants prior to December 10, 1976. The life insurance plan is non-contributory. Home Savings’ policy is to pay premiums monthly, with no pre-funding. The benefit obligation measurement date is December 31. Information about changes in obligations of the benefit plan follows: | |||||||||||||
Year ended | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
(Dollars in thousands) | |||||||||||||
Change in Benefit Obligation: | |||||||||||||
Benefit obligation at beginning of year | $ | 1,854 | $ | 1,981 | |||||||||
Service cost | — | — | |||||||||||
Interest cost | (136 | ) | (95 | ) | |||||||||
Actuarial gain | (99 | ) | (23 | ) | |||||||||
Benefits paid | (129 | ) | (9 | ) | |||||||||
Benefit obligation at end of the year | $ | 1,490 | $ | 1,854 | |||||||||
Funded status of the plan | $ | (1,490 | ) | $ | (1,854 | ) | |||||||
Amounts recognized in accumulated other comprehensive income, at December 31, 2013 and 2012 consists of the following: | |||||||||||||
The year ended | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
(Dollars in thousands) | |||||||||||||
Net actuarial gains | $ | 534 | $ | 612 | |||||||||
Prior service credit | 1,294 | 1,117 | |||||||||||
$ | 1,828 | $ | 1,729 | ||||||||||
The accumulated benefit obligation was $1.4 million and $1.9 million at year-end 2013 and 2012, respectively. | |||||||||||||
Components of net periodic benefit cost/(gain) are as follows: | |||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Dollars in thousands) | |||||||||||||
Service cost | $ | — | $ | — | $ | — | |||||||
Interest cost | 53 | 75 | 132 | ||||||||||
Expected return on plan assets | — | — | — | ||||||||||
Net amortization of prior service cost (benefit) | (77 | ) | (78 | ) | (78 | ) | |||||||
Amortization of net actuarial gain | (112 | ) | (92 | ) | — | ||||||||
Net periodic benefit cost | (136 | ) | (95 | ) | 54 | ||||||||
Net (gain) loss | (288 | ) | (193 | ) | (79 | ) | |||||||
Prior service credit | — | — | (689 | ) | |||||||||
Amortization of prior service cost | 189 | 170 | 78 | ||||||||||
Total recognized in other comprehensive income | (99 | ) | (23 | ) | (690 | ) | |||||||
Total recognized in net periodic benefit cost and other comprehensive income | $ | (235 | ) | $ | (118 | ) | $ | (636 | ) | ||||
Assumptions used in the valuations were as follows: | |||||||||||||
Weighted average discount rate | 3.95 | % | 3 | % | 4 | % | |||||||
The estimated net gain and prior service costs for the postretirement plan that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year are $142,000 and $77,000, respectively. | |||||||||||||
The weighted-average annual assumed rate of increase in the per capita cost of coverage benefits (i.e., health care cost trend rate) used in the 2013 valuation was 3.0% and was assumed to be 5.0% for 2015, 4.75% for 2016 and 4.50% for 2017 and remain at that level thereafter. The weighted-average annual assumed rate of increase in the per capita cost of coverage benefits used in the 2012 valuation was 6.0% and was assumed to decrease to 4.5% for the year 2017 and remain at that level thereafter. The weighted-average annual assumed rate of increase in the per capita cost of coverage benefits used in the 2011 valuation was 7.5% and was assumed to decrease to 4.5% for the year 2019 and remain at that level thereafter. The health care cost trend rate assumption has a significant effect on the amounts reported. A one-percentage point change in assumed health care cost trend rates would have the following effects as of December 31, 2013: | |||||||||||||
1 Percentage | 1 Percentage | ||||||||||||
Point Increase | Point Decrease | ||||||||||||
(Dollars in thousands) | |||||||||||||
Effect on total of service and interest cost components | $ | 3 | $ | (3 | ) | ||||||||
Effect on the postretirement benefit obligation | 80 | (73 | ) | ||||||||||
United Community anticipates benefits payable over the next ten years as follows: | |||||||||||||
(Dollars in thousands) | |||||||||||||
2014 | $ | 152 | |||||||||||
2015 | 148 | ||||||||||||
2016 | 143 | ||||||||||||
2017 | 138 | ||||||||||||
2018 | 132 | ||||||||||||
2019-2023 | 579 | ||||||||||||
Total | $ | 1,292 | |||||||||||
Effective January 1, 2012, the benefit plan for eligible plan participants had changed. The participants are now enrolled in a Medicare Advantage program. Medicare Advantage is another Medicare health plan choice provided as part of Medicare. The Medicare Advantage Plan is offered by a private company, which has been approved by Medicare. Medicare Advantage plans are required to offer coverage that meets or exceeds the standards set by the original Medicare program. | |||||||||||||
401(k) Savings Plan | |||||||||||||
Home Savings sponsors a defined contribution 401(k) savings plan, which covers substantially all employees. Under the provisions of the plan, Home Savings’ matching contribution is discretionary and may be changed from year to year. For 2013 and 2012, Home Savings’ match was 25% of pre-tax contributions, up to a maximum of 6% of the employees’ base pay. For 2011, no matching contributions were made. Participants become 100% vested in Home Savings contributions upon completion of three years of service. For the years ended 2013, 2012 and 2011, the expense related to this plan was approximately $204,000, $230,000 and $0, respectively. | |||||||||||||
Employee Stock Ownership Plan | |||||||||||||
In conjunction with the Conversion, United Community established an Employee Stock Ownership Plan (ESOP) for the benefit of the employees of United Community and Home Savings. At December 31, 2013, there are no shares remaining to be allocated to plan participants. | |||||||||||||
Stock-based Compensation: Stock Options | |||||||||||||
On April 26, 2007, shareholders approved the United Community Financial Corp. 2007 Long-Term Incentive Plan (as amended, the 2007 Plan). The purpose of the 2007 Plan is to promote and advance the interests of United Community and its shareholders by enabling United Community to attract, retain and reward directors, directors emeritus, managerial and other key employees of United Community, including Home Savings, by facilitating their purchase of an ownership interest in United Community. The 2007 Plan provides for the issuance of up to 2,000,000 shares that are to be used for awards of restricted stock, stock options, performance awards, stock appreciation rights (SARs), or other forms of stock-based incentive awards. There were 17,787 stock options granted in 2013 and there were 10,898 stock options granted in 2012 under the 2007 Plan. The options must be exercised within 10 years from the date of grant. | |||||||||||||
On July 12, 1999, shareholders approved the United Community Financial Corp. 1999 Long-Term Incentive Plan (as amended, the 1999 Plan). The purpose of the 1999 Plan was the same as the 2007 Plan. The 1999 Plan terminated on May 20, 2009, although the 1999 Plan survives so long as options issued under the 1999 Plan remain outstanding and exercisable. | |||||||||||||
The 1999 Plan provided for the grant of either incentive or nonqualified stock options. Options were awarded at exercise prices that were not less than the fair market value of the share at the grant date. The maximum number of common shares that could be issued under the 1999 Plan was 3,569,766. Because the 1999 Plan terminated, no additional options may be issued under it. All of the options awarded became exercisable on the date of grant except that options granted in 2009 became exercisable over three years beginning on December 31, 2009. All options expire 10 years from the date of grant. | |||||||||||||
Expenses related to stock option grants are included with salaries and employee benefits. The Company recognized $24,140 in stock option expenses for the twelve months ended December 31, 2013. The Company recognized $17,701 in stock option expenses for the twelve months ended December 31, 2012. The Company recognized $348,668 in stock option expenses for the twelve months ended December 31, 2011. The Company expects to recognize additional expense of $22,134 in 2014, and $13,912 in 2015. | |||||||||||||
A summary of activity in the plans is as follows: | |||||||||||||
For the year ended December 31, | |||||||||||||
2013 | |||||||||||||
Shares | Weighted average | Aggregate intrinsic | |||||||||||
exercise price | value | ||||||||||||
(Dollars in thousands) | |||||||||||||
Outstanding at beginning of year | 1,309,942 | $ | 5.77 | ||||||||||
Granted | 17,787 | 3.63 | |||||||||||
Exercised | (104,142 | ) | 2.01 | ||||||||||
Exercised and exchanged | (19,458 | ) | 2.03 | ||||||||||
Forfeited | (255,439 | ) | 8.66 | ||||||||||
Outstanding at end of period | 948,690 | $ | 5.44 | $ | 917 | ||||||||
Options exercisable at end of period | 924,006 | $ | 5.51 | $ | 900 | ||||||||
Information related to the stock options granted under the 1999 Plan and the 2007 Plan during each year follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Intrinsic value of options exercised | $ | 304,516 | $ | 31,000 | $ | — | |||||||
Cash received from option exercises | 155,320 | 2,100 | — | ||||||||||
Tax benefit realized from option exercises | — | — | — | ||||||||||
Weighted average fair value of options granted | 2.44 | 1.38 | 0.87 | ||||||||||
As of December 31, 2013, there was approximately $36,000 of total unrecognized compensation cost related to nonvested stock options granted under the 2007 Plan. The cost is expected to be recognized over a weighted-average period of 2.0 years. | |||||||||||||
The fair value of options granted in 2013 was determined using the following weighted-average assumptions as of the grant date: | |||||||||||||
Risk-free interest rate | 0.99 | % | |||||||||||
Expected term (years) | 5 | ||||||||||||
Expected stock volatility | 85.75 | % | |||||||||||
Dividend yield | 0 | % | |||||||||||
Outstanding stock options have a weighted average remaining life of 4.40 years and may be exercised in the range of $1.20 to $12.38. | |||||||||||||
Stock-based Compensation: Restricted Stock Awards | |||||||||||||
The 2007 Plan permits the issuance of restricted stock awards to employees and nonemployee directors. Nonvested shares at December 31, 2013 aggregated 192,937, of which 162,366 will vest during 2013, 29,827 will vest in 2014 and 744 will vest in 2015. Expenses related to restricted stock awards are charged to salaries and employee benefits and are recognized over the vesting period of the awards based on the market value of the shares at the grant date. The Company recognized approximately $328,000 in restricted stock award expenses for the twelve months ended December 31, 2013. The Company recognized approximately $725,000 in restricted stock award expenses for the twelve months ended December 31, 2012. The Company recognized approximately $85,000 in restricted stock award expenses for the twelve months ended December 31, 2011. The Company expects to recognize additional expenses of approximately $224,000 in 2014 and $74,000 in 2015. | |||||||||||||
A summary of changes in the Company’s nonvested restricted shares for the year is as follows: | |||||||||||||
Shares | Weighted | ||||||||||||
average grant | |||||||||||||
date fair value | |||||||||||||
Nonvested shares at January 1, 2013 | 129,321 | $ | 2.86 | ||||||||||
Granted | 191,607 | 3.67 | |||||||||||
Vested | (63,470 | ) | 2.68 | ||||||||||
Forfeited | (64,521 | ) | 3.56 | ||||||||||
Nonvested shares at December 31, 2013 | 192,937 | $ | 3.49 | ||||||||||
Employee Stock Purchase Plan | |||||||||||||
During 2005, United Community established an employee stock purchase plan (ESPP). Under this plan, United Community provides employees of Home Savings the opportunity to purchase United Community Financial Corporation’s common shares through payroll deduction. Participation in the plan is voluntary and payroll deductions are made on an after-tax basis. The maximum amount an employee can have deducted is nine hundred dollars per biweekly pay. Shares are purchased on the open market and administrative fees are paid by United Community. Expense related to this plan is a component of the Shareholder Dividend Reinvestment Plan and the expense recognized is not material. |
Fair_Value
Fair Value | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value | ' | ||||||||||||||||
18. FAIR VALUE | |||||||||||||||||
Fair value is the exchange price that would be received for an asset if paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair value: | |||||||||||||||||
Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. | |||||||||||||||||
Level 2: Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. | |||||||||||||||||
Level 3: Significant unobservable inputs that reflect a reporting entity’s own beliefs about the assumptions that market participants would use in pricing an asset or liability. | |||||||||||||||||
United Community uses the following methods and significant assumptions to estimate the fair value of each type of financial instrument: | |||||||||||||||||
Available for sale securities: The fair values of securities available for sale are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs). For securities where quoted prices are not available, fair values are calculated based on market prices of similar securities (Level 2). | |||||||||||||||||
Impaired loans: At the time a loan is considered impaired, it is valued at the lower of cost or fair value. Impaired loans carried at fair value generally receive specific allocations of the allowance for loan losses. For collateral dependent loans, fair value is commonly based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business, resulting in a Level 3 fair value classification. Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly. | |||||||||||||||||
Other real estate owned: Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Real estate owned properties are individually evaluated at least annually for additional impairment and adjusted accordingly. | |||||||||||||||||
Appraisals for both collateral-dependent impaired loans and other real estate owned are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by Home Savings. Once received, a member of the Special Assets Department reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with the independent data sources such as recent market data or industry-wide statistics. On an annual basis, Home Savings compares the actual selling price of collateral that has been sold to the most recent appraised value to determine what additional adjustment should be made to the appraisal value to arrive at fair value. At the time a property is acquired and classified as real estate owned, the fair value is determined utilizing the most appropriate method. A fair value in excess of $250,000 will be supported by an appraisal. After determination of fair value, each property will be recorded at the lower of cost (i.e., recorded investment in the loan) or the estimated net realizable value on the date of transfer to real estate owned. In determining net realizable value, reductions to fair market value may be taken for estimated costs of sale, conditions that must be remedied immediately upon acquisition, and other factors that negatively impact the marketability and prompt sale of the property. | |||||||||||||||||
Mortgage servicing rights: On a quarterly basis, loan servicing rights are evaluated for impairment based upon the fair value of the rights as compared to carrying amount. If the carrying amount of an individual tranche exceeds fair value, impairment is recorded on that tranche so that the servicing asset is carried at fair value. Fair value is determined at a tranche level, based on market prices for comparable mortgage servicing contracts (Level 1), when available, or alternatively based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model utilizes assumptions that market participants would use in estimating future net servicing income and that can be validated against available market data (Level 2). | |||||||||||||||||
Loans held for sale: Loans held for sale are carried at the lower of cost or fair value, which is evaluated on a pool-level basis. The fair value of loans held for sale is determined using quoted prices for similar assets, adjusted for specific attributes of that loan or other observable market data, such as outstanding commitments from third party investors (Level 2). | |||||||||||||||||
Interest rate caps: Home Savings uses an independent third party that performs a market valuation analysis for interest rate caps. The methodology used consists of a discounted cash flow model, all future floating cash flows are projected and both floating and fixed cash flows are discounted to the valuation date. The yield curve utilized for discounting and projecting is built by obtaining publicly available third party market quotes from Reuters, which handle up to 30-year swap maturities (Level 3) Assumptions used in the valuation of interest rate caps are back-tested for reasonableness on a quarterly basis using an independent source along with a third party service. | |||||||||||||||||
Purchased and written certificate of deposit option: Home Savings periodically enters into written and purchased option derivative instruments to facilitate the Power CD. The written and purchased options are mirror derivative instruments which are carried at fair value on the consolidated balance sheets. Home Savings uses and independent third party that performs a market valuation analysis for purchased and written certificate of deposit options. (Level 2) | |||||||||||||||||
Assets and Liabilities Measured on a Recurring Basis: Assets and liabilities measured at fair value on a recurring basis are summarized below: | |||||||||||||||||
Fair Value Measurements at December 31, 2013 Using: | |||||||||||||||||
December 31, | Quoted Prices in | Significant | Significant | ||||||||||||||
2013 | Active Markets | Other | Unobservable | ||||||||||||||
for Identical | Observable | Inputs | |||||||||||||||
Assets | Inputs | (Level 3) | |||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Available for sale securities | |||||||||||||||||
US Treasury and government sponsored entities’ securities | $ | 222,293 | $ | — | $ | 222,293 | $ | — | |||||||||
Equity securities | 445 | 445 | — | — | |||||||||||||
Mortgage-backed GSE securities: residential | 288,268 | — | 288,268 | — | |||||||||||||
Interest rate caps | 546 | — | — | 546 | |||||||||||||
Purchased certificate of deposit option | 155 | — | 155 | — | |||||||||||||
Liabilities | |||||||||||||||||
Written certificate of deposit option | 155 | — | 155 | — | |||||||||||||
Fair Value Measurements at December 31, 2012 Using: | |||||||||||||||||
December 31, | Quoted Prices in | Significant | Significant | ||||||||||||||
2012 | Active Markets | Other | Unobservable | ||||||||||||||
for Identical | Observable | Inputs | |||||||||||||||
Assets | Inputs | (Level 3) | |||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Available for sale securities | |||||||||||||||||
US Treasury and government sponsored entities’ securities | $ | 163,692 | $ | — | $ | 163,692 | $ | — | |||||||||
Equity securities | 313 | 313 | — | — | |||||||||||||
Mortgage-backed GSE securities: residential | 410,557 | — | 410,557 | — | |||||||||||||
Interest rate caps | 436 | — | — | 436 | |||||||||||||
There were no transfers between level 1 and level 2 during 2013 and 2012. | |||||||||||||||||
The table below presents a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the years ended December 31, 2013 and 2012, in thousands: | |||||||||||||||||
Interest Rate Caps | |||||||||||||||||
Twelve Months Ended | Twelve Months Ended | ||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Balance of recurring Level 3 assets at beginning of period | $ | 436 | $ | 1,933 | |||||||||||||
Total gains (losses) for the period | |||||||||||||||||
Included in other income | 628 | (979 | ) | ||||||||||||||
Included in other comprehensive income | — | — | |||||||||||||||
Purchases | — | — | |||||||||||||||
Amortization | (518 | ) | (518 | ) | |||||||||||||
Sales | — | — | |||||||||||||||
Balance of recurring Level 3 assets at end of period | $ | 546 | $ | 436 | |||||||||||||
There were no transfers between Level 2 and Level 3 during 2013 or 2012. | |||||||||||||||||
The following table presents quantitative information about recurring Level 3 fair value measurements at December 31, 2013: | |||||||||||||||||
Fair | Valuation | Unobservable | Range | ||||||||||||||
Value | Technique(s) | Input(s) | |||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Interest rate caps | $ | 546 | Discounted cash flow | Discount rate | 0.35% - 1.18% | ||||||||||||
The significant unobservable inputs used in the fair value measurement of interest rate caps was determined using proprietary models from third-party sources taking into account such factors as size of the transaction, the lack of a quoted market and the custom-tailored nature of the transaction. The fair value is inclusive of interest accruals, as applicable. Significant increases/(decreases) in any of those inputs in isolation would result in a significantly lower/(higher) fair value measurement. | |||||||||||||||||
Assets Measured on a Non-Recurring Basis | |||||||||||||||||
Assets measured at fair value on a non-recurring basis are summarized below: | |||||||||||||||||
Fair Value Measurements at December 31, 2013 Using: | |||||||||||||||||
December 31, | Quoted Prices in | Significant | Significant | ||||||||||||||
2013 | Active Markets | Other | Unobservable | ||||||||||||||
for Identical | Observable | Inputs | |||||||||||||||
Assets | Inputs | (Level 3) | |||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Permanent real estate loans | $ | 2,219 | $ | — | $ | — | $ | 2,219 | |||||||||
Construction loans | 1,587 | — | — | 1,587 | |||||||||||||
Consumer loans | 339 | — | — | 339 | |||||||||||||
Other real estate owned, net: | |||||||||||||||||
Permanent real estate loans | 1,939 | — | — | 1,939 | |||||||||||||
Construction loans | 2,310 | — | — | 2,310 | |||||||||||||
Fair Value Measurements at December 31, 2012 Using: | |||||||||||||||||
December 31, | Quoted Prices in | Significant | Significant | ||||||||||||||
2012 | Active Markets | Other | Unobservable | ||||||||||||||
for Identical | Observable | Inputs | |||||||||||||||
Assets | Inputs | (Level 3) | |||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Permanent real estate loans | $ | 6,166 | $ | — | $ | — | $ | 6,166 | |||||||||
Construction loans | 3,489 | — | — | 3,489 | |||||||||||||
Commercial loans | 257 | — | — | 257 | |||||||||||||
Mortgage servicing assets | 4,920 | — | 4,920 | — | |||||||||||||
Other real estate owned, net: | |||||||||||||||||
Permanent real estate loans | 3,172 | — | — | 3,172 | |||||||||||||
Construction loans | 6,918 | — | — | 6,918 | |||||||||||||
Impaired loans with specific allocations of the allowance for loan losses, carried at fair value, which are measured for impairment using the fair value of the collateral for collateral dependent loans, had a net carrying amount of $4.1 million at December 31, 2013, that includes a specific valuation allowance of $792,000. This resulted in an increase of the provision for loan losses of $1.5 million during the twelve months ended December 31, 2013. Impaired loans with specific allocations of the allowance for loan losses, carried at fair value, which are measured for impairment using the fair value of the collateral for collateral dependent loans, had a net carrying amount of $9.9 million at December 31, 2012, that includes a specific valuation allowance of $3.0 million. This resulted in an increase of the provision for loan losses of $27,000 during the twelve months ended December 31, 2012. | |||||||||||||||||
The significant unobservable (Level 3) inputs used in the fair value measurement of collateral for collateral dependent impaired loans included in the above table primarily relate to the adjustment between carrying value versus appraised value. During the reported periods, discounts applied to appraisals for estimated selling costs were 10%. | |||||||||||||||||
At December 31, 2013 mortgage servicing rights carried at fair value was $0 resulting in a recovery of $680,000 for the year ended December 31, 2013. At December 31, 2012, mortgage servicing rights, carried at fair value, totaled $4.9 million, which is made up of the outstanding balance of $5.6 million, net of a valuation allowance of $680,000, resulting in a net recovery of $1.1 million for the year ended December 31, 2012. Mortgage servicing rights are valued by an independent third party that is active in purchasing and selling these instruments. The value reflects the characteristics of the underlying loans discounted at a market multiple. | |||||||||||||||||
At December 31, 2013, other real estate owned, carried at fair value, which is measured for impairment using the fair value of the property less estimated selling costs and had a net carrying amount of $4.2 million, with a valuation allowance of $4.1 million. This resulted in additional expenses of $2.0 million during the twelve months ended December 31, 2013. At December 31, 2012, other real estate owned, carried at fair value, which is measured for impairment using the fair value of the property less estimated selling costs and had a net carrying amount of $10.1 million, with a valuation allowance of $6.8 million. This resulted in additional expenses of $2.2 million during the twelve months ended December 31, 2012. | |||||||||||||||||
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at December 31, 2013: | |||||||||||||||||
Fair | Valuation Technique(s) | Unobservable Input(s) | Range (Average) | ||||||||||||||
Value | |||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Permanent real estate | |||||||||||||||||
loans | $ | 2,219 | Sales comparison approach | Adjustment for differences | 0.00%-56.90% | ||||||||||||
between comparable sales | -11.78% | ||||||||||||||||
Income approach | Adjustment for differences | 3.95%-14.62% | |||||||||||||||
in net operating income | -9.41% | ||||||||||||||||
Capitalization rate | |||||||||||||||||
Construction loans | |||||||||||||||||
1,587 | Sales comparison approach | Adjustment for differences | 0.00%-25.00% | ||||||||||||||
between comparable sales | -11.90% | ||||||||||||||||
Consumer loans | |||||||||||||||||
339 | Sales comparison approach | Adjustment for differences | 0.00%-10.00% | ||||||||||||||
between comparable sales | -5.00% | ||||||||||||||||
Foreclosed assets: | |||||||||||||||||
Permanent real estate | 1,939 | Sales comparison approach | Adjustment for differences | 6.00%-46.53% | |||||||||||||
loans | between comparable sales | -17.76% | |||||||||||||||
Construction loans | 6.54%-26.63% | ||||||||||||||||
2,310 | Sales comparison approach | Adjustment for differences | -9.24% | ||||||||||||||
between comparable sales | |||||||||||||||||
In accordance with generally accepted accounting principles, the carrying value and estimated fair values of financial instruments at December 31, 2013 and December 31, 2012, were as follows: | |||||||||||||||||
December 31, | Fair Value Measurements at December 31, 2013 Using: | ||||||||||||||||
2013 | |||||||||||||||||
Carrying | |||||||||||||||||
Value | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 77,331 | $ | 77,331 | $ | — | $ | — | |||||||||
Available for sale securities | 511,006 | 445 | 510,561 | — | |||||||||||||
Loans held for sale | 4,838 | — | 4,866 | — | |||||||||||||
Loans, net | 1,029,192 | — | — | 1,031,491 | |||||||||||||
FHLB stock | 26,464 | n/a | n/a | n/a | |||||||||||||
Accrued interest receivable | 5,694 | — | 2,584 | 3,110 | |||||||||||||
Interest rate caps | 546 | — | — | 546 | |||||||||||||
Purchased certificate of deposit option | 155 | — | 155 | — | |||||||||||||
Liabilities: | |||||||||||||||||
Deposits: | |||||||||||||||||
Checking, savings and money market accounts | (899,481 | ) | (899,481 | ) | — | — | |||||||||||
Certificates of deposit | (492,271 | ) | — | (500,651 | ) | — | |||||||||||
FHLB advances | (50,000 | ) | — | (55,327 | ) | — | |||||||||||
Repurchase agreements and other | (90,578 | ) | — | (98,462 | ) | — | |||||||||||
Advance payments by borrowers for taxes and insurance | (20,060 | ) | — | (20,060 | ) | — | |||||||||||
Accrued interest payable | (550 | ) | — | (550 | ) | — | |||||||||||
Written certificate of deposit option | (155 | ) | — | (155 | ) | — | |||||||||||
December 31, | Fair Value Measurements at December 31, 2012 Using: | ||||||||||||||||
2012 | |||||||||||||||||
Carrying | |||||||||||||||||
Value | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 42,613 | $ | 42,613 | $ | — | $ | — | |||||||||
Available for sale securities | 574,562 | 313 | 574,249 | — | |||||||||||||
Loans held for sale | 13,031 | — | 13,428 | — | |||||||||||||
Loans, net | 1,066,240 | — | — | 1,087,205 | |||||||||||||
FHLB stock | 26,464 | n/a | n/a | n/a | |||||||||||||
Accrued interest receivable | 6,238 | — | 2,380 | 3,858 | |||||||||||||
Interest rate caps | 436 | — | — | 436 | |||||||||||||
Liabilities: | |||||||||||||||||
Deposits: | |||||||||||||||||
Checking, savings and money market accounts | (902,776 | ) | (902,776 | ) | — | — | |||||||||||
Certificates of deposit | (559,298 | ) | — | (571,836 | ) | — | |||||||||||
FHLB advances | (50,000 | ) | — | (57,077 | ) | — | |||||||||||
Repurchase agreements and other | (90,598 | ) | — | (102,086 | ) | — | |||||||||||
Advance payments by borrowers for taxes and insurance | (23,590 | ) | — | (23,590 | ) | — | |||||||||||
Accrued interest payable | (563 | ) | — | (563 | ) | — | |||||||||||
The methods and assumptions, not previously presented, used to estimate fair values are described as follows: | |||||||||||||||||
(a) Cash and Cash Equivalents | |||||||||||||||||
The carrying amounts of cash and short-term instruments approximate fair values and are classified as Level 1. | |||||||||||||||||
(b) FHLB Stock | |||||||||||||||||
It is not practical to determine the fair value of FHLB stock due to restrictions placed on its transferability. | |||||||||||||||||
(c) Loans | |||||||||||||||||
Fair values of loans, excluding loans held for sale, are estimated as follows: For variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values resulting in a Level 3 classification. Fair values for other loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality resulting in a Level 3 classification. Impaired loans are valued at the lower of cost or fair value as described previously. The methods utilized to estimate the fair value of loans do not necessarily represent an exit price. | |||||||||||||||||
The fair value of loans held for sale is estimated based upon binding contracts and quotes from third party investors resulting in a Level 2 classification. | |||||||||||||||||
(d) Deposits | |||||||||||||||||
The fair values disclosed for demand deposits (e.g., interest and non-interest checking, savings, and certain types of money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amount) resulting in a Level 1 classification. The carrying amounts of variable rate, fixed-term money market accounts approximate their fair values at the reporting date resulting in a Level 1 classification. Fair values for fixed and variable rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates of deposit to a schedule of aggregated expected monthly maturities on time deposits resulting in a Level 2 classification. | |||||||||||||||||
(e) Short-term Borrowings | |||||||||||||||||
The carrying amounts of federal funds purchased, borrowings under repurchase agreements, and other short-term borrowings, generally maturing within 90 days, approximate their fair values resulting in a Level 2 classification. | |||||||||||||||||
(f) Other Borrowings | |||||||||||||||||
The fair values of Home Savings long-term borrowings are estimated using discounted cash flow analyses based on the current borrowing rates for similar types of borrowing arrangements resulting in a Level 2 classification. | |||||||||||||||||
(g) Accrued Interest Receivable/Payable | |||||||||||||||||
The carrying amounts of accrued interest approximate fair value resulting in a Level 2 or Level 3 classification, depending on the classification of the underlying asset or liability. | |||||||||||||||||
(h) Off-balance Sheet Instruments | |||||||||||||||||
Fair values for off-balance sheet, credit-related financial instruments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. The fair value of commitments is not material. |
Statement_of_Cash_Flows_Supple
Statement of Cash Flows Supplemental Disclosure | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Supplemental Cash Flow Elements [Abstract] | ' | ||||||||||||
Statement of Cash Flows Supplemental Disclosure | ' | ||||||||||||
19. STATEMENT OF CASH FLOWS SUPPLEMENTAL DISCLOSURE | |||||||||||||
Supplemental disclosures of cash flow information are summarized below: | |||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Dollars in thousands) | |||||||||||||
Supplemental disclosures of cash flow information: | |||||||||||||
Cash paid (refunded) during the year for: | |||||||||||||
Interest on deposits and borrowings | $ | 13,426 | $ | 18,053 | $ | 31,411 | |||||||
Income taxes (refunds) | 1,300 | — | (3,537 | ) | |||||||||
Supplemental schedule of noncash activities: | |||||||||||||
Loans transferred to held for sale | — | 1,214 | 95,194 | ||||||||||
Transfers from loans to real estate owned | 1,860 | 7,181 | 19,178 | ||||||||||
Transfers from real estate owned to premises and equipment | — | 1,746 | — | ||||||||||
Transfers from premises and equipment to assets held for sale | — | — | 1,750 | ||||||||||
Amortization of preferred stock discount | 6,751 | — | — | ||||||||||
Conversion of preferred stock to common stock | 21,841 | — | — |
Derivatives
Derivatives | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ||||||||
Derivatives | ' | ||||||||
20. DERIVATIVES | |||||||||
Home Savings utilizes interest rate cap agreements as part of its asset/liability management strategy to help manage its interest rate risk position. Home Savings entered into an interest rate cap agreement in October 2011 with an outside counterparty. Home Savings receives proceeds from the counterparty if interest rates exceed the cap rate computed based on the underlying notional amounts. The notional amount of the interest rate caps does not represent amounts exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual interest rate cap agreements. The interest rate caps are carried as freestanding derivatives, considered an economic hedge classified as an other asset with a carrying value of $546,000 at December 31, 2013 with changes in fair value of approximately $110,000 during 2013 reported in current earnings through other noninterest income. | |||||||||
Summary information about the interest rate caps not designated hedges as of December 31, 2013 and 2012 is as follows: | |||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
(Dollars in thousands) | |||||||||
Notional amounts | $ | 100,000 | $ | 100,000 | |||||
Weighted average strike rate, based on three-month LIBOR | 1.5 | % | 1.5 | % | |||||
Weighted average maturity remaining | 2.75 years | 3.75 years | |||||||
Fair value of combined interest rate caps | $ | 546 | $ | 436 | |||||
The following table presents net gains/(losses) recorded in noninterest income relating to instruments not designated as hedges: | |||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
(Dollars in thousands) | |||||||||
Interest rate caps | $ | 110 | $ | (1,497 | ) | ||||
Home Savings periodically enters into written and purchased option derivative instruments to facilitate an equity linked time deposit product (the Power CD). The Power CD is a time deposit that provides the purchaser a guaranteed return of principal at maturity plus a potential equity return (a written option), while the Home Savings receives a known stream of funds based on the equity return (a purchased option). The written and purchased options are mirror derivative instruments which are carried at fair value on the consolidated statements of financial condition. | |||||||||
Summary information about purchased and written options is as follows: | |||||||||
December 31, 2013 | |||||||||
(Dollars in thousands) | |||||||||
Notion amount of purchased/written option | $ | 2,015 | |||||||
Weighted average maturity | 5.8 years | ||||||||
Fair value of purchased/written option | $ | 155 | |||||||
Purchased and written options are mirror derivative instruments and as such the change in fair value is recorded through noninterest income, and offset each other. These options declined $53,000 in 2013. | |||||||||
The following table reflects the fair value and location in the consolidated statement of financial condition of interest rate caps, along with purchased and written certificates of deposit options: | |||||||||
Included in other assets: | |||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
(Dollars in thousands) | |||||||||
Freestanding derivative assets not designated as hedges: | |||||||||
Interest rate caps | $ | 546 | $ | 436 | |||||
Purchased certificate of deposit option | 155 | — | |||||||
Included in other liabilities: | |||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
(Dollars in thousands) | |||||||||
Freestanding derivative assets not designated as hedges: | |||||||||
Written certificate of deposit option | $ | 155 | $ | — | |||||
Home Savings is subject to counterparty risk. Counterparty risk is the risk to Home Savings that the counterparty will not live up to its contractual obligations. The ability of Home Savings to realize the benefit of the derivative contracts is dependent on the creditworthiness of the counterparty, which Home Savings expects will perform in accordance with the terms of the contracts. |
Parent_Company_Financial_State
Parent Company Financial Statements | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||
Parent Company Financial Statements | ' | ||||||||||||
21. PARENT COMPANY FINANCIAL STATEMENTS | |||||||||||||
Condensed Statements of Financial Condition | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
(Dollars in thousands) | |||||||||||||
Assets | |||||||||||||
Cash and deposits with banks | $ | 28,889 | $ | 1,246 | |||||||||
Federal funds sold and other | 17 | 12 | |||||||||||
Total cash and cash equivalents | 28,906 | 1,258 | |||||||||||
Securities: | |||||||||||||
Available for sale | 445 | 313 | |||||||||||
Investment in subsidiary-Home Savings | 146,276 | 167,424 | |||||||||||
Other assets | 46 | 2,104 | |||||||||||
Total assets | $ | 175,673 | $ | 171,099 | |||||||||
Liabilities and Shareholders’ Equity | |||||||||||||
Accrued expenses and other liabilities | $ | 599 | $ | 339 | |||||||||
Total liabilities | 599 | 339 | |||||||||||
Total shareholders’ equity | 175,074 | 170,760 | |||||||||||
Total liabilities and shareholders’ equity | $ | 175,673 | $ | 171,099 | |||||||||
Condensed Statements of Income and Comprehensive Income | |||||||||||||
Year ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Dollars in thousands) | |||||||||||||
Income | |||||||||||||
Interest income | $ | 5 | $ | 7 | $ | 5 | |||||||
Non-interest income (loss) | — | (13 | ) | (65 | ) | ||||||||
Total income (loss) | 5 | (6 | ) | (60 | ) | ||||||||
Expenses | |||||||||||||
Non-interest expenses | 957 | 693 | 775 | ||||||||||
Total expenses | 957 | 693 | 775 | ||||||||||
Loss before income taxes | (952 | ) | (699 | ) | (835 | ) | |||||||
Income tax benefit | — | (22 | ) | — | |||||||||
Loss before equity in undistributed net earnings of subsidiaries | (952 | ) | (677 | ) | (835 | ) | |||||||
Increase (decrease) in undistributed earnings of subsidiaries | 10,979 | (19,760 | ) | 1,065 | |||||||||
Net income (loss) | $ | 10,027 | $ | (20,437 | ) | $ | 230 | ||||||
Comprehensive income (loss) | $ | (38,320 | ) | $ | (18,787 | ) | $ | 10,040 | |||||
Condensed Statements of Cash Flows | |||||||||||||
Year ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Dollars in thousands) | |||||||||||||
Cash Flows from Operating Activities | |||||||||||||
Net income (loss) | $ | 10,027 | $ | (20,437 | ) | $ | 230 | ||||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||
(Increase) decrease in undistributed earnings of the subsidiaries | (10,979 | ) | 19,760 | (1,065 | ) | ||||||||
Security impairment charges on equity investments | — | 13 | 89 | ||||||||||
Decrease (increase) in other assets | 2,058 | (1,556 | ) | (467 | ) | ||||||||
Stock based compensation | — | — | 49 | ||||||||||
Increase (decrease) in other liabilities | 45 | (103 | ) | 30 | |||||||||
Net cash from operating activities | 1,151 | (2,323 | ) | (1,134 | ) | ||||||||
Cash Flows from Investing Activities | |||||||||||||
Sales of: | |||||||||||||
Securities available for sale | — | — | 33 | ||||||||||
Equity investment in Home Savings | (16,000 | ) | — | — | |||||||||
Net cash from investing activities | (16,000 | ) | — | 33 | |||||||||
Cash Flows from Financing Activities | |||||||||||||
Issuance of preferred stock | 21,841 | — | — | ||||||||||
Issuance of common stock, net of issuance costs | 20,501 | — | 2,059 | ||||||||||
Proceeds from the exercise of stock options | 155 | 2 | — | ||||||||||
Net cash from financing activities | 42,497 | 2 | 2,059 | ||||||||||
Change in cash and cash equivalents | 27,648 | (2,321 | ) | 958 | |||||||||
Cash and cash equivalents, beginning of year | 1,258 | 3,579 | 2,621 | ||||||||||
Cash and cash equivalents, end of year | $ | 28,906 | $ | 1,258 | $ | 3,579 | |||||||
Segment_Information
Segment Information | 12 Months Ended |
Dec. 31, 2013 | |
Segment Reporting [Abstract] | ' |
Segment Information | ' |
22. SEGMENT INFORMATION | |
The Company’s management monitors the revenue streams of the various Company products and services. The identifiable segments are not material, operations are managed, and financial performance is evaluated on a Company-wide basis. All of Home Savings’ financial service operations are considered by management to be aggregated in one reportable operating segment, which is banking services. |
Earnings_Per_Share
Earnings Per Share | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Earnings Per Share | ' | ||||||||||||
23. EARNINGS PER SHARE | |||||||||||||
Earnings per share are computed by dividing net income by the weighted average number of shares outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares determined for the basic computation plus the dilutive effect of potential common shares that could be issued under outstanding stock options. Stock options for 677,669, 618,511 and 1,992,132 shares were anti-dilutive for the year ended December 31, 2013, 2012 and 2011, respectively. | |||||||||||||
Twelve months ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(In thousands, except per share data) | |||||||||||||
Net (loss) income per consolidated statements of income | $ | 10,027 | $ | (20,437 | ) | $ | 230 | ||||||
Net loss allocated to participating securities | (36 | ) | (59 | ) | — | ||||||||
Amortization of discount on preferred stock | (6,751 | ) | — | — | |||||||||
Net (loss) income allocated to common stock | $ | 3,240 | $ | (20,378 | ) | $ | 230 | ||||||
Basic earnings (loss) per common share computation: | |||||||||||||
Distributed earnings allocated to common stock | $ | — | $ | — | $ | — | |||||||
Undistributed (loss) earnings allocated to common stock | 3,240 | (20,378 | ) | 230 | |||||||||
Net (loss) earnings allocated to common stock | $ | 3,240 | $ | (20,378 | ) | $ | 230 | ||||||
Weighted average common shares outstanding, including shares considered participating securities | 44,423 | 32,805 | 31,075 | ||||||||||
Less: Average participating securities | (161 | ) | (94 | ) | (49 | ) | |||||||
Weighted average shares | 44,262 | 32,711 | 31,026 | ||||||||||
Basic (loss) earnings per common share | $ | 0.07 | $ | (0.62 | ) | $ | 0.01 | ||||||
Diluted earnings (loss) per common share computation: | |||||||||||||
Net (loss) earnings allocated to common stock | $ | 3,240 | $ | (20,378 | ) | $ | 230 | ||||||
Weighted average common shares outstanding for basic earnings per common share | 44,262 | 32,711 | 31,026 | ||||||||||
Add: Dilutive effects of assumed exercises of stock options | 271 | — | — | ||||||||||
Weighted average shares and dilutive potential common shares | 44,533 | 32,711 | 31,026 | ||||||||||
Diluted (loss) earnings per common share | $ | 0.07 | $ | (0.62 | ) | $ | 0.01 | ||||||
As previously announced and described under Note 25 following, on March 22, 2013, United Community sold 7,942 preferred shares to various investors. In accordance with U.S. GAAP, United Community recorded a beneficial conversion feature (“BCF”) related to the issuance of these preferred shares because they contain a conversion feature at a fixed rate that was in-the-money when issued. A BCF is “in-the-money” when the investor is deemed to be able to obtain the underlying common shares at a below-market price upon conversion of the preferred shares. The BCF was recognized in United Community’s Shareholders’ Equity and measured by allocating a portion of the proceeds equal to the intrinsic value of that feature to additional paid-in capital. The effective purchase price of the common shares into which the preferred shares were convertible was deemed to be $2.75, which was used to compute the intrinsic value. The intrinsic value was calculated as the difference between the deemed purchase price of the common shares ($2.75 per share) and the market value ($3.60 per share) on the date the preferred shares were issued (March 22, 2013), multiplied by the number of shares into which the preferred shares were convertible. The BCF resulting from the issuance of the preferred shares of United Community is calculated as follows: | |||||||||||||
(in thousands) | |||||||||||||
Total common shares that may be issued upon conversion of preferred shares | 7,942 | ||||||||||||
Intrinsic value (difference between consideration allocated to preferred stock upon conversion at $2.75 per share and market price of $3.60 per share on March 22, 2013) | $ | 0.85 | |||||||||||
Beneficial conversion feature | $ | 6,751 | |||||||||||
The BCF has no effect on net income. The BCF calculated above is deemed to be an implied dividend for purposes of determining earnings per common share in accordance with U.S. GAAP, and is amortized over the period the preferred shares were outstanding. The preferred shares converted to common shares upon shareholder approval which was obtained in the second quarter 2013. This amortization resulted in a reduction to retained earnings and thus net income available to common shareholders for earnings per common share purposes. Therefore, United Community took into account the BCF discount when computing earnings per common share in 2013. |
Quarterly_Financial_Informatio
Quarterly Financial Information | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||
Quarterly Financial Information | ' | ||||||||||||||||||||
24. QUARTERLY FINANCIAL INFORMATION (UNAUDITED) | |||||||||||||||||||||
The following table presents summarized quarterly data for each of the years indicated. | |||||||||||||||||||||
Unaudited | |||||||||||||||||||||
2013:00:00 | First | Second | Third | Fourth | Total | ||||||||||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||||||||||
(Dollars in thousands, except per share data) | |||||||||||||||||||||
Interest income | $ | 16,436 | $ | 15,987 | $ | 16,009 | $ | 16,312 | $ | 64,744 | |||||||||||
Interest expense | 3,519 | 3,351 | 3,305 | 3,238 | 13,413 | ||||||||||||||||
Net interest income | 12,917 | 12,636 | 12,704 | 13,074 | 51,331 | ||||||||||||||||
Provision for loan losses | 2,064 | 1,113 | 657 | (1) | 282 | 4,116 | |||||||||||||||
Net interest income after provision for loan losses | 10,853 | 11,523 | 12,047 | 12,792 | 47,215 | ||||||||||||||||
Non-interest income | 5,693 | 6,384 | 3,548 | (2) | 4,124 | 19,749 | |||||||||||||||
Non-interest expenses | 13,864 | 14,368 | 13,528 | 14,977 | 56,737 | ||||||||||||||||
Income before taxes | 2,682 | 3,539 | 2,067 | 1,939 | 10,227 | ||||||||||||||||
Income tax expense (benefit)(3) | — | 150 | 350 | (300 | ) | 200 | |||||||||||||||
Net income (loss) | $ | 2,682 | $ | 3,389 | $ | 1,717 | $ | 2,239 | $ | 10,027 | |||||||||||
Earnings (loss) per share: | |||||||||||||||||||||
Basic earnings (loss) | $ | 0.06 | $ | (0.06 | ) | $ | 0.03 | $ | 0.04 | $ | 0.07 | ||||||||||
Diluted earnings (loss) | 0.06 | (0.06 | ) | 0.03 | 0.04 | 0.07 | |||||||||||||||
1 | The decrease in provision for loan losses in the third quarter was due primarily to a recovery of $1.9 million resulting from the sale of one nonperforming loan. | ||||||||||||||||||||
2 | The decline in noninterest income in the third quarter was driven by no gains recognized on sales of available for sale securities. Further impacting the decline was lower mortgage banking income due to fewer loans originated for sale. The rise in longer-term rates in the second quarter negatively impacted the volume of loans originated for sale in the subsequent quarters. | ||||||||||||||||||||
3 | The Company recognized income tax expense of $200,000 for the year ended December 31, 2013 as a result of a 2013 alternative minimum tax (AMT) liability. While the Company has significant net operating loss (NOL) carryforwards available to offset taxable income for both regular tax and AMT purposes, tax laws only permit the AMT NOL carryforward to offset 90% of current year taxable income for purposes of determining the AMT liability. Thus, an AMT liability of $200,000 was generated for the current year by applying the AMT rate of 20% to AMT taxable income. While tax laws permit the Company to carry forward this $200,000 in the form of an AMT credit to be used in future periods, the resulting deferred tax benefit is fully offset by a valuation allowance. The changes related to income tax expense, from quarter to quarter, are due to changes in estimates of AMT taxable income during the year. | ||||||||||||||||||||
Unaudited | |||||||||||||||||||||
2012:00:00 | First | Second | Third | Fourth | Total | ||||||||||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||||||||||
(Dollars in thousands, except per share data) | |||||||||||||||||||||
Interest income | $ | 21,562 | $ | 20,894 | $ | 18,191 | $ | 17,797 | $ | 78,444 | |||||||||||
Interest expense | 5,683 | 4,474 | 4,063 | 3,786 | 18,006 | ||||||||||||||||
Net interest income | 15,879 | 16,420 | 14,128 | 14,011 | 60,438 | ||||||||||||||||
Provision for loan losses | 680 | 6,264 | 30,279 | (1) | 2,102 | 39,325 | |||||||||||||||
Net interest income after provision for loan losses | 15,199 | 10,156 | (16,151 | ) | 11,909 | 21,113 | |||||||||||||||
Non-interest income | 5,091 | 6,949 | 3,752 | (2) | 6,939 | 22,731 | |||||||||||||||
Non-interest expenses | 16,494 | 17,043 | 17,330 | 14,302 | 65,169 | ||||||||||||||||
Income (loss) before taxes | 3,796 | 62 | (29,729 | ) | 4,546 | (21,325 | ) | ||||||||||||||
Income tax expense (benefit)(3) | — | — | (2,838 | ) | 1,950 | (888 | ) | ||||||||||||||
Net income (loss) | $ | 3,796 | $ | 62 | $ | (26,891 | ) | $ | 2,596 | $ | (20,437 | ) | |||||||||
Earnings (loss) per share: | |||||||||||||||||||||
Basic earnings (loss) | $ | 0.12 | $ | — | $ | (0.82 | ) | $ | 0.08 | $ | (0.62 | ) | |||||||||
Diluted earnings (loss) | 0.12 | — | (0.82 | ) | 0.08 | (0.62 | ) | ||||||||||||||
1 | The increase in provision for loan losses in the third quarter was due primarily to a bulk sale of nonperforming assets. | ||||||||||||||||||||
2 | The decline in noninterest income in the third quarter was driven by lower gains recognized on a lower volume of sales of available for sale securities. Further impacting the decline was the recognition in the third quarter of the valuation allowance on certain properties to absorb estimated closing costs at the time of disposal. | ||||||||||||||||||||
3 | The Company recognized a tax benefit of $888,000 for the year ended December 31, 2012, because it was both (i) in a pre-tax operating loss position, and (ii) had unrealized gains on available for sale securities in its securities portfolio that were recorded in other comprehensive income. Beginning in the third quarter, the Company both recognized a pre-tax operating loss and at the same time, had unrealized gains on available for sale securities recorded in other comprehensive income. As a result, the tax benefit recognized in the third quarter was equal to the current year-to-date change (through September) in other comprehensive income multiplied by the Company’s statutory tax rate of 35%. In the fourth quarter, the year-to-date change in other comprehensive income had compressed, causing a reduction in the benefit previously recognized, and resulting in income tax expense for the quarter. |
Capital_Raise
Capital Raise | 12 Months Ended |
Dec. 31, 2013 | |
Text Block [Abstract] | ' |
Capital Raise | ' |
25. CAPITAL RAISE | |
On January 11, 2013, United Community entered into securities purchase agreements with 28 accredited investors, pursuant to which the investors agreed to invest an aggregate of approximately $39.9 million in United Community for 6,574,272 newly issued common shares of United Community at a purchase price of $2.75 per share, and 7,942 newly created and issued perpetual mandatorily convertible non-cumulative preferred shares of United Community at a purchase price of $2,750 per share. On March 22, 2013, United Community received $39.9 million from the completion of this portion of the private placement of the capital raise. Upon receipt of United Community shareholder approval, each of the preferred shares automatically converted into 1,000 United Community common shares. Shareholder approval was obtained at a special meeting of shareholders held on May 28, 2013. The preferred shares did not pay any preferred dividends. | |
Also on January 11, 2013, United Community entered into subscription agreements with certain of United Community’s directors, officers and their affiliates pursuant to which these insider investors agreed to invest an aggregate of approximately $2.1 million in United Community for 755,820 newly issued common shares, at the same purchase price of $2.75 per share. The issuance and sale of common shares to the insider investors, pursuant to the subscription agreements, was subject to United Community shareholder approval, which was obtained on May 28, 2013. | |
On April 26, 2013, United Community issued a prospectus for the purpose of offering existing shareholders the right to purchase up to $5.0 million of United Community common shares at $2.75 per share. The rights offering closed on May 28, 2013 and United Community issued 1,818,181 shares to existing shareholders that elected to participate. | |
Legal, investment banking and other consulting expenses incurred by United Community to complete the capital raise were approximately $4.6 million in the aggregate. The increase in equity from the capital raise was reduced by these expenses. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Accounting Policies [Abstract] | ' |
Nature of Operations | ' |
Nature of Operations | |
The business of Home Savings is providing consumer and business banking service to its market area in Ohio and western Pennsylvania. At the end of 2013, Home Savings was doing business through 33 full-service banking branches and ten loan production offices. Loans and deposits are primarily generated from the areas where banking branches are located. Substantially all loans are secured by specific items of collateral including business assets, consumer assets, and commercial and residential real estate. Commercial loans are expected to be repaid from cash flow from operations of businesses. There are no significant concentrations of loans to any one industry or customer. However, the customers’ ability to repay their loans is dependent on the real estate and general economic conditions in the market area. Home Savings derives its income predominantly from interest on loans, securities, and to a lesser extent, non-interest income. Home Savings’ principal expenses are interest paid on deposits and Federal Home Loan Bank advances, loan loss provisions and normal operating costs. Consistent with internal reporting, Home Savings’ operations are reported in one operating segment, which is banking services. | |
Basis of Presentation | ' |
Basis of Presentation | |
The consolidated financial statements include the accounts of United Community and its subsidiaries. All material inter-company transactions have been eliminated. Certain prior period data has been reclassified to conform to current period presentation. | |
Use of Estimates in the Preparation of Financial Statements | ' |
Use of Estimates in the Preparation of Financial Statements | |
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and future results could differ. The allowance for loan losses, fair value of financial instruments, fair value of servicing rights, fair value of other real estate owned and other repossessed assets, realizability of deferred tax assets and status of contingencies are particularly subject to change. | |
Cash Flows | ' |
Cash Flows | |
For purposes of the statement of cash flows, United Community considers all highly liquid investments with a term of three months or less to be cash equivalents. Net cash flows are reported for loan and deposit transactions, short-term borrowings and advance payments by borrowers for taxes and insurance. | |
Securities | ' |
Securities | |
Securities are classified as available for sale or trading upon their acquisition. Securities are classified as available for sale when they might be sold before maturity. Securities available for sale are carried at estimated fair value with the unrealized holding gain or loss reported in other comprehensive income, net of tax. Equity securities with readily determinable fair values are classified as available for sale. Restricted securities such as FHLB stock are carried at cost. Interest income includes amortization of purchase premium or discount on debt securities. Premiums or discounts are amortized on the level-yield method without anticipating prepayments. Gains and losses on sales are recorded on the trade date and are determined using the specific identification method. | |
Management evaluates securities for other-than-temporary impairment (OTTI) at least quarterly, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the income statement and 2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. For equity securities, the entire amount of OTTI is recognized through earnings. | |
Loans Held for Sale | ' |
Loans Held for Sale | |
Loans held for sale primarily consist of residential mortgage loans originated for sale and other loans that have been identified for sale. These loans are carried at the lower of cost or fair value, determined in the aggregate. Net unrealized losses, if any, are recorded as a valuation allowance and charged to earnings. | |
Mortgage loans held for sale are sold with either servicing rights retained or servicing released. The carrying value of mortgage loans sold is reduced by the amount allocated to the servicing right. Gains and losses on sales of mortgage loans are based on the difference between the selling price and the carrying value of the related loan sold. | |
Loans | ' |
Loans | |
Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the outstanding principal balance, net of purchase premiums or discounts, deferred loan fees and costs and an allowance for loan losses. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments. | |
Interest income includes amortization of net deferred loan fees and costs over the loan term. The accrual of interest income on mortgage and commercial loans is discontinued at the time the loan is 90 days delinquent unless the loan is both well secured and in the process of collection. Consumer loans are typically charged-off no later than 180 days past due. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. Nonaccrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. A loan is moved to nonaccrual status in accordance with the Company’s policy, typically after 90 days of non-payment. | |
All interest accrued but not received for a loan placed on nonaccrual is reversed against interest income. Nonaccrual loans are comprised principally of loans 90 days past due as well as certain loans which are less than 90 days past due, but where serious doubt exists as to the ability of the borrowers to comply with the repayment terms. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when future payments are reasonably assured. | |
When loans reach 90 days past due, they are placed on nonaccrual status and any interest accrued but not received is reversed against interest income, unless the loan is both well secured and in the process of collection. A loan will also be placed on nonaccrual before it reaches 90 days past due if the Company determines that the borrower’s financial condition has deteriorated to the point that the Company no longer expects full repayment of the contractual principal and interest. Once a loan is on nonaccrual, it will remain on nonaccrual until the loan becomes current and the borrower demonstrates the ability to pay the loan per the contractual terms for a minimum of six months. | |
Home Savings determines the past due status of loans based on the number of calendar months the loan is past due. Impaired loans consist of loans that are non-homogenous and in a nonaccrual status; loans considered troubled debt restructurings and loans that have been individually analyzed for impairment. | |
Real estate loans. Mortgage loans are revalued at the time they reach 180 days past due and any portion of the principal that exceeds the fair value is charged-off. Mortgage loans are considered to be homogenous until the loan is individually valued and charged-down to the fair value, at which time the loan becomes non-homogenous and is considered impaired. | |
Commercial real estate loans. A commercial real estate loan is impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. At this time the loan is charged-down to the fair value. | |
Construction loans. A construction loan is impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. At this time the loan is charged-down to the fair value. | |
Consumer loans. Consumer loans that are secured by residential real estate are revalued once they reach 180 days past due and charged-down to the fair value if necessary. Consumer loans that are not secured by residential real estate are revalued once they reach 120 days past due and are charged-down to the fair value if necessary. Consumer loans are considered to be homogenous until the loan is individually valued and charged-down to the fair value, at which time the loan becomes non-homogenous and is considered impaired. | |
Commercial loan. Commercial loans are impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. The repayment of commercial loans typically is dependent on the income stream and successful operation of a business. If there is no underlying collateral to value, the company will calculate the present value of expected future cash flows to determine the amount of impairment, if any. Once a commercial loan has been individually analyzed it is considered impaired. | |
Concentration of Credit Risk | ' |
Concentration of Credit Risk | |
Most of the Company’s business activity is with customers located within Home Savings’ market area. Therefore, the Company’s exposure to credit risk is significantly affected by changes in the economy in Northeast Ohio and Western Pennsylvania. | |
Allowance for Loan Losses | ' |
Allowance for Loan Losses | |
The allowance for loan losses is a valuation allowance for probable incurred credit losses. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. Management estimates the allowance balance required based on an analysis using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations, estimated collateral values, general economic conditions in the market area and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged-off. | |
The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired or loans otherwise classified as substandard or doubtful. The general component covers non-classified loans and is based on historical loss experience adjusted for current factors. | |
A loan is impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans for which the terms have been modified, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings and classified as impaired. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the facts and circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. Troubled debt restructurings (TDRs) are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a TDR is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For TDRs that subsequently default, the Company determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses. | |
The general component covers non-impaired loans and is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the most recent one year. This actual loss experience is supplemented with other economic factors based on the risks present for each portfolio segment. These economic factors include consideration of the following: levels of and trends in delinquencies and impaired loans; levels of and trends in charge-offs and recoveries; trends in volume and terms of loans; effects of any changes in risk selection and underwriting standards; other changes in lending policies, procedures, and practices; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions; industry conditions; and effects of changes in credit concentrations. In determining quantitative factors the Company uses an evaluation period of one year of net charge-off history and averages this information over the current year period. These changes allow for the quantitative factors to be weighted to a more recent level of charge-off experience due to current market conditions. | |
The Bank’s portfolio has the following segments: permanent real estate loans, construction loans, consumer loans and commercial loans. The majority of the Bank’s loan portfolio is permanent real estate loans made to customers in Home Savings’ market area. These loans are secured by the underlying real estate as collateral. Repayment of these loans is dependent on general economic conditions and unemployment levels in Home Savings’ market area. | |
Consumer loans represent Home Savings’ next largest portfolio and primarily consist of home equity loans. Similar to permanent real estate loans, repayment of consumer loans depends on the general economic conditions and unemployment levels in Home Savings’ market area. | |
Multifamily and nonresidential real estate loans generally have a higher degree of risk than loans secured by one-to four-family residences. These riskier loans can be affected by economic conditions, operating expenses, debt service and successful operation of income-producing properties. Home Savings tries to reduce this risk by evaluating the credit history of the borrower, location of the real estate, the financial condition of the borrower, obtaining personal guarantees by the borrower, the characteristics of the income stream generated by the property and the appraisal supporting the property. To reduce any risk on loans secured by one-to four-family residences, Home Savings underwrites all portfolio loans to Freddie Mac underwriting guidelines. | |
Construction loans involve a higher degree of underwriting and default risk than loans secured by mortgages on existing properties because construction loans are more difficult to appraise and to monitor. Loan funds are advanced based upon the security of the project under construction. | |
The majority of Home Savings’ consumer loans consist of closed-end home equity loans in an amount that, when added to the prior indebtedness secured by the real estate, does not exceed 90% of the estimated value of the real estate. Other consumer loans, such as automobiles and recreational vehicles, have a higher degree of risk than home equity loans as the collateral depreciates at a faster rate. | |
Commercial loans generally entail greater risk than real estate lending. The repayment of commercial loans typically is dependent on the income stream and successful operation of a business, which can be affected by economic conditions. The collateral for commercial loans, if any, often consists of rapidly depreciating assets. | |
Home Savings has established a methodology to calculate the allowance for loan losses at a level it believes adequate to absorb probable incurred losses in the loan portfolio. An analysis of individual credits, prior and current loss experience, loan portfolio delinquency levels, changes in the loan portfolio, current economic conditions and results of regulatory examinations is completed on a regular basis to determine the adequacy of the allowance. | |
Impaired loans are individually evaluated based on the borrower’s ability to repay the loan given the availability of collateral, other sources of cash flow and legal options available to Home Savings. Once a review is completed, a specific reserve is determined and allocated to the loan. These specific reserves on individual loans are reviewed periodically and adjusted as necessary based on subsequent collection, loan upgrades or downgrades, nonperforming trends or actual principal charge-offs. | |
Other loans not reviewed specifically by management are evaluated as a homogenous group of loans (generally single-family residential mortgage loans and all consumer credits except marine loans) using a loss factor applied to the outstanding loan balance to determine the level of reserve required. This loss factor consists of two components, a quantitative and a qualitative component. The quantitative component is based on a historical analysis of all charged-off loans, net of recovery. The Company evaluates one year of net charge-off history and applies the information to the current period. This component is combined with the qualitative component to arrive at the loss factor, which is applied to the outstanding balance of homogenous loans. In determining the qualitative factors, consideration is given to such attributes as lending policies, economic conditions, nature and volume of the portfolio, management, loan quality trend, loan review, collateral value, concentrations and other external factors. | |
Servicing Assets | ' |
Servicing Assets | |
Servicing assets are recognized as separate assets when rights are acquired through purchase or sale of financial assets. Servicing rights are initially recorded at fair value with the income statement effect recorded in gains on sales of loans. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. Capitalized servicing rights are reported in other assets and are amortized into non-interest income in proportion to, and over the period of, the estimated future net servicing income of the underlying assets. | |
Servicing assets are evaluated for impairment based upon the fair value of the rights as compared to carrying amount. Impairment is determined by stratifying rights into tranches based on predominant risk characteristics, such as original maturity, interest rate and loan type. Impairment is recognized through a valuation allowance for an individual tranche. If Home Savings later determines that all or a portion of the impairment no longer exists for a particular tranche, a reduction of the allowance may be recorded as an increase to income. | |
Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal, or a fixed amount per loan, and are recorded as income when earned. The amortization of mortgage servicing rights is netted against loan servicing fee income. | |
Transfers of Financial Assets | ' |
Transfers of Financial Assets | |
Transfers of financial assets are accounted for as sales when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. | |
Real Estate Owned and Other Repossessed Assets | ' |
Real Estate Owned and Other Repossessed Assets | |
Real estate owned, including property acquired in settlement of foreclosed loans, is carried at fair value less estimated cost to sell after foreclosure, establishing a new cost basis. If fair value declines after acquisition, a valuation allowance is recorded through expense. Costs relating to the development and improvement of real estate owned are capitalized, whereas costs relating to holding and maintaining the properties are charged to expense. Other repossessed assets are carried at estimated fair value less estimated cost to sell after acquisition. | |
Premises and Equipment | ' |
Premises and Equipment | |
Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation and amortization. Buildings and related components are depreciated and amortized using the straight-line method over the useful lives, generally ranging from 20 years to 40 years (or term of the lease, if shorter) of the related assets. Furniture and fixtures are depreciated using the straight-line method with useful lives ranging from three to five years. | |
Federal Home Loan Bank (FHLB) stock | ' |
Federal Home Loan Bank (FHLB) stock | |
The Bank is a member of the FHLB system. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. | |
Cash Surrender Value of Life Insurance | ' |
Cash Surrender Value of Life Insurance | |
Life insurance is carried on the lives of certain employees where Home Savings is the beneficiary. Life insurance is recorded at its cash surrender value, or the amount currently realizable. Increases in the Home Savings’ policy cash surrender value are tax exempt and death benefit proceeds received by Home Savings are tax-free. Income from these policies and changes in the cash surrender value are recorded in other income. The policies contain no split dollar or postretirement benefits for covered employees. | |
Core Deposit Intangible | ' |
Core Deposit Intangible | |
Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Home Savings has no goodwill recorded as of December 31, 2013 or December 31, 2012. | |
Core deposit intangible assets arose from whole bank acquisitions. They were initially measured at fair value and are being amortized on an accelerated method over their estimated useful lives. | |
Derivatives | ' |
Derivatives | |
At the inception of a derivative contract, the Company designates the derivative as one of three types based on the Company’s intentions and belief as to likely effectiveness as a hedge. These three types are (1) a hedge of the fair value of a recognized asset or liability or of an unrecognized firm commitment (“fair value hedge”), (2) a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow hedge”), or (3) an instrument with no hedging designation (“stand-alone derivative”). For a fair value hedge, the gain or loss on the derivative, as well as the offsetting loss or gain on the hedged item, are recognized in current earnings as fair values change. For a cash flow hedge, the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. For both types of hedges, changes in the fair value of derivatives that are not highly effective in hedging the changes in fair value or expected cash flows of the hedged item are recognized immediately in current earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in earnings, as noninterest income. | |
Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. | |
The Company formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in fair values or cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended. | |
When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as noninterest income. When a fair value hedge is discontinued, the hedged asset or liability is no longer adjusted for changes in fair value and the existing basis adjustment is amortized or accreted over the remaining life of the asset or liability. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings. | |
Mortgage Banking Derivatives | ' |
Mortgage Banking Derivatives | |
Commitments to fund mortgage loans (interest rate locks) to be sold into the secondary market and forward commitments for the future delivery of these mortgage loans are accounted for as free standing derivatives. Fair values of these mortgage derivatives are estimated based on changes in mortgage interest rates from the date the interest rate on the loan is locked. The Company enters into forward commitments for the future delivery of mortgage loans when interest rate locks are entered into in order to hedge the change in interest rates resulting from its commitments to fund the loans. Changes in the fair values of these derivatives are included in mortgage banking income on the consolidated statements of income and comprehensive income. | |
Long-term Assets | ' |
Long-term Assets | |
Premises and equipment and other long–term assets are reviewed for impairment when events indicate their carrying amounts may not be recoverable from future undiscounted cash flows. If impaired, the assets are recorded at fair value. | |
Loan Fees | ' |
Loan Fees | |
Loan origination fees received for loans, net of direct origination costs, are deferred and amortized to interest income over the contractual lives of the loans using the level yield method. Fees received for loan commitments that are expected to be drawn, based on Home Savings’ experience with similar commitments, are deferred and amortized over the lives of the loans using the level-yield method. Fees for other loan commitments are deferred and amortized over the loan commitment period on a straight-line basis. Unamortized deferred loan fees or costs related to loans paid off are included in income. Unamortized net fees or costs on loans sold are included in the basis of the loans in calculating gains and losses. Amortization of net deferred fees is discontinued for loans that are deemed to be nonperforming. | |
Stock Compensation | ' |
Stock Compensation | |
Compensation cost is recognized for stock options and restricted stock awards issued to employees and nonemployee directors, based on the fair value of these awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Corporation’s common shares at the date of grant is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. | |
Income Taxes | ' |
Income Taxes | |
Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax basis of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. | |
A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. | |
The Company recognizes interest and/or penalties related to income tax matters in income tax expense. | |
401(k) Savings Plan | ' |
401(k) Savings Plan | |
Employee 401(k) and profit sharing plan expense is the amount of matching contributions and administrative costs to administer the plan. | |
Postretirement Benefit Plans | ' |
Postretirement Benefit Plans | |
In addition to Home Savings’ retirement plans, Home Savings sponsors a defined benefit health care plan that was curtailed in 2000 to provide postretirement medical benefits for employees who worked 20 years and attained a minimum age of 60 by September 1, 2000, while in service with Home Savings. The plan is unfunded and, as such, has no assets. Furthermore, the plan is contributory and contains minor cost-sharing features such as deductibles and coinsurance. In addition, postretirement life insurance coverage is provided for employees who were participants prior to December 10, 1976. The life insurance plan is non-contributory. Home Savings’ policy is to pay premiums monthly, with no pre-funding. The benefit obligation is measured annually by a third-party actuary. | |
Employee Stock Ownership Plan | ' |
Employee Stock Ownership Plan | |
On June 29, 2010, all shares were allocated to Employee Stock Ownership Plan (ESOP) participants upon the full repayment of the ESOP loan. There are no shares remaining to allocate to ESOP participants. | |
Dividend Restriction | ' |
Dividend Restriction | |
Banking regulations require maintaining certain capital levels and may limit the dividends paid by the bank to the holding company or by the holding company to shareholders. Pursuant to the Bank MOU and Holding Company MOU discussed in Notes 3 and 16, Home Savings was to obtain regulatory approval prior to paying dividends to United Community and United Community was to obtain regulatory approval prior to paying dividends to its shareholders. The Bank MOU was terminated on November 27, 2013. The Holding Company MOU was in effect at December 31, 2013, but terminated on January 8, 2014. | |
Earnings Per Share | ' |
Earnings Per Share | |
Basic earnings per common share is net income available to common shareholders divided by the weighted average number of common shares outstanding during the period. All outstanding unvested share-based payment awards that contain rights to nonforfeitable dividends are considered participating securities for this calculation. Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock options. | |
Loss Contingencies | ' |
Loss Contingencies | |
Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. See further discussion at Note 13. | |
Fair Value of Financial Instruments | ' |
Fair Value of Financial Instruments | |
Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 18. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates. | |
Comprehensive Income | ' |
Comprehensive Income | |
Comprehensive income consists of net income and unrealized gains and losses on securities available for sale and changes in unrealized gains and losses on postretirement liabilities, which are also recognized as separate components of equity. | |
Off Balance Sheet Financial Instruments | ' |
Off Balance Sheet Financial Instruments | |
Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. | |
New Accounting Standards | ' |
New Accounting Standards | |
In July 2013, the FASB amended existing guidance related to the inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a benchmark interest rate for hedge accounting purposes These amendments permit the Fed Funds Effective Swap Rate to be used as a U.S. benchmark interest rate for hedge accounting purposes, in addition to UST and LIBOR. The amendments also remove the restriction on using different benchmark rates for similar hedges. The amendments apply to all entities that elect to apply hedge accounting of the benchmark interest rate. These amendments are effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. The effect of adopting this standard did not have a material effect on the Company’s operating results or financial condition. | |
In July 2013, the FASB amended existing guidance related to the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. These amendments provide that an unrecognized tax benefit, or a portion thereof, be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except to the extent that a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date to settle any additional income taxes that would result from disallowance of a tax position, or the tax law does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, then the unrecognized tax benefit should be presented as a liability. These amendments are effective for interim and annual reporting periods beginning after December 15, 2013. Early adoption and retrospective application is permitted. The Company is currently evaluating the impact of this amendment on the consolidated financial statements. | |
In February 2013, the FASB amended existing guidance related to reporting amounts reclassified out of other comprehensive income out of accumulated other comprehensive income. These amendments do not change the current requirements for reporting net income or other comprehensive income in financial statements. These amendments require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under U.S. GAAP that provide additional details about those amounts. These amendments are effective prospectively for interim and annual reporting periods beginning after December 15, 2012. The disclosures are included in the Company’s operating results at December 31, 2013. | |
Operating Segments | ' |
Operating Segments | |
Internal financial information is primarily reported and aggregated in one line of business, which is banking services. | |
Reclassifications | ' |
Reclassifications | |
Some items in the prior year financial statements were reclassified to conform to the current presentation. Reclassifications had no effect on prior year consolidated statements of operations or shareholders’ equity. |
Securities_Tables
Securities (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Components of Available for Sale Portfolio | ' | ||||||||||||||||||||||||
The components of securities are as follows: | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
cost | unrealized | unrealized | value | ||||||||||||||||||||||
gains | losses | ||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Available for Sale | |||||||||||||||||||||||||
U.S. Treasury and government sponsored entities’ securities | $ | 247,863 | $ | — | $ | (25,570 | ) | $ | 222,293 | ||||||||||||||||
Equity securities | 101 | 344 | — | 445 | |||||||||||||||||||||
Mortgage-backed GSE securities: residential | 303,435 | 31 | (15,198 | ) | 288,268 | ||||||||||||||||||||
Total | $ | 551,399 | $ | 375 | $ | (40,768 | ) | $ | 511,006 | ||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
cost | unrealized | unrealized | value | ||||||||||||||||||||||
gains | losses | ||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Available for Sale | |||||||||||||||||||||||||
U.S. Treasury and government sponsored entities’ securities | $ | 161,845 | $ | 2,409 | $ | (562 | ) | $ | 163,692 | ||||||||||||||||
Equity securities | 101 | 212 | — | 313 | |||||||||||||||||||||
Mortgage-backed GSE securities: residential | 404,563 | 6,142 | (148 | ) | 410,557 | ||||||||||||||||||||
Total | $ | 566,509 | $ | 8,763 | $ | (710 | ) | $ | 574,562 | ||||||||||||||||
Debt Securities Available for Sale by Contractual Maturity | ' | ||||||||||||||||||||||||
Debt securities available for sale by contractual maturity, repricing or expected call date are shown below: | |||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Amortized | Fair | ||||||||||||||||||||||||
cost | value | ||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Due in one year or less | $ | 500 | $ | 501 | |||||||||||||||||||||
Due after one year through five years | — | — | |||||||||||||||||||||||
Due after five years through ten years | 170,614 | 154,601 | |||||||||||||||||||||||
Due after ten years | 76,749 | 67,191 | |||||||||||||||||||||||
Mortgage-backed GSE securities: residential | 303,435 | 288,268 | |||||||||||||||||||||||
Total | $ | 551,298 | $ | 510,561 | |||||||||||||||||||||
Summary of Proceeds, Gross Realized Gains, Losses and Impairment Charges of Available for Sale Securities | ' | ||||||||||||||||||||||||
Proceeds, gross realized gains, losses and impairment charges of available for sale securities were as follows: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Proceeds | $ | 137,467 | $ | 343,000 | $ | 428,396 | |||||||||||||||||||
Gross gains | 2,712 | 6,325 | 8,662 | ||||||||||||||||||||||
Gross losses | (135 | ) | — | (29 | ) | ||||||||||||||||||||
Impairment charges | — | (13 | ) | (89 | ) | ||||||||||||||||||||
Securities Available for Sale in Unrealized Loss Position | ' | ||||||||||||||||||||||||
Securities available for sale that have been in an unrealized loss position for less than twelve months or twelve months or more are as follows at December 31, 2013: | |||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
value | loss | value | loss | value | loss | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Description of securities: | |||||||||||||||||||||||||
U.S. Treasury and government sponsored entities | $ | 193,746 | $ | (21,360 | ) | $ | 28,046 | $ | (4,210 | ) | $ | 221,792 | $ | (25,570 | ) | ||||||||||
Mortgage-backed GSE securities: residential | 240,201 | (10,680 | ) | 47,319 | (4,518 | ) | 287,520 | (15,198 | ) | ||||||||||||||||
Total temporarily impaired securities | $ | 433,947 | $ | (32,040 | ) | $ | 75,365 | $ | (8,728 | ) | $ | 509,312 | $ | (40,768 | ) | ||||||||||
Securities available for sale in an unrealized loss position are as follows at December 31, 2012: | |||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
value | loss | value | loss | value | loss | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Description of securities: | |||||||||||||||||||||||||
U.S. Treasury and government sponsored entities | $ | 42,480 | $ | (562 | ) | $ | — | $ | — | $ | 42,480 | $ | (562 | ) | |||||||||||
Mortgage-backed GSE securities: residential | 72,020 | (148 | ) | — | — | 72,020 | (148 | ) | |||||||||||||||||
Total temporarily impaired securities | $ | 114,500 | $ | (710 | ) | $ | — | $ | — | $ | 114,500 | $ | (710 | ) |
Loans_Tables
Loans (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule of Portfolio of Loans | ' | ||||||||||||||||||||||||||||
Portfolio loans consist of the following: | |||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 585,025 | $ | 577,249 | |||||||||||||||||||||||||
Multi-family residential | 54,485 | 80,923 | |||||||||||||||||||||||||||
Nonresidential | 131,251 | 138,188 | |||||||||||||||||||||||||||
Land | 9,683 | 15,808 | |||||||||||||||||||||||||||
Construction: | |||||||||||||||||||||||||||||
One-to four-family residential and land development | 53,349 | 28,318 | |||||||||||||||||||||||||||
Multi-family and nonresidential | — | 4,534 | |||||||||||||||||||||||||||
Total real estate | 833,793 | 845,020 | |||||||||||||||||||||||||||
Consumer | |||||||||||||||||||||||||||||
Home equity | 159,795 | 177,230 | |||||||||||||||||||||||||||
Auto | 5,669 | 7,648 | |||||||||||||||||||||||||||
Marine | 4,308 | 4,942 | |||||||||||||||||||||||||||
Recreational vehicles | 17,347 | 22,250 | |||||||||||||||||||||||||||
Other | 2,112 | 2,523 | |||||||||||||||||||||||||||
Total consumer | 189,231 | 214,593 | |||||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||||||
Secured | 25,714 | 24,243 | |||||||||||||||||||||||||||
Unsecured | 427 | 2,300 | |||||||||||||||||||||||||||
Total commercial | 26,141 | 26,543 | |||||||||||||||||||||||||||
Total loans | 1,049,165 | 1,086,156 | |||||||||||||||||||||||||||
Less: | |||||||||||||||||||||||||||||
Allowance for loan losses | 21,116 | 21,130 | |||||||||||||||||||||||||||
Deferred loan costs, net | (1,143 | ) | (1,214 | ) | |||||||||||||||||||||||||
Total | 19,973 | 19,916 | |||||||||||||||||||||||||||
Loans, net | $ | 1,029,192 | $ | 1,066,240 | |||||||||||||||||||||||||
Number of Outstanding Commitments to Extend Credit | ' | ||||||||||||||||||||||||||||
Home Savings normally has a number of outstanding commitments to extend credit. | |||||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Fixed | Variable | Fixed | Variable | ||||||||||||||||||||||||||
Rate | Rate | Rate | Rate | ||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Commitments to make loans | $ | 38,386 | $ | 10,883 | $ | 73,125 | $ | 21,001 | |||||||||||||||||||||
Undisbursed loans in process | — | 67,295 | 731 | 23,502 | |||||||||||||||||||||||||
Unused lines of credit | 18,852 | 82,365 | 27,832 | 76,558 | |||||||||||||||||||||||||
Investment in Loans by Portfolio Segment and Based on Impairment | ' | ||||||||||||||||||||||||||||
The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2013, December 31, 2012 and December 31, 2011 and activity for the year ended December 31, 2013 and 2012. In accordance with GAAP, the net losses associated with loans sold as part of the bulk asset sale in 2012 were recorded as net charge-offs through the allowance for loan losses. | |||||||||||||||||||||||||||||
Permanent | Construction | Consumer | Commercial | Total | |||||||||||||||||||||||||
Real Estate | Loans | Loans | Loans | ||||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||||||
Beginning balance | $ | 13,819 | $ | 1,404 | $ | 4,459 | $ | 1,448 | $ | 21,130 | |||||||||||||||||||
Provision | 4,977 | (783 | ) | 1,009 | (1,087 | ) | 4,116 | ||||||||||||||||||||||
Charge-offs | (5,937 | ) | (641 | ) | (1,883 | ) | (166 | ) | (8,627 | ) | |||||||||||||||||||
Recoveries | 935 | 2,301 | 717 | 544 | 4,497 | ||||||||||||||||||||||||
Ending balance | $ | 13,794 | $ | 2,281 | $ | 4,302 | $ | 739 | $ | 21,116 | |||||||||||||||||||
Period-end amount allocated to: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 1,786 | $ | 680 | $ | 859 | $ | — | $ | 3,325 | |||||||||||||||||||
Loans collectively evaluated for impairment | 12,008 | 1,601 | 3,443 | 739 | 17,791 | ||||||||||||||||||||||||
Ending balance | $ | 13,794 | $ | 2,281 | $ | 4,302 | $ | 739 | $ | 21,116 | |||||||||||||||||||
Period-end balances: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 27,224 | $ | 3,092 | $ | 13,821 | $ | 4,044 | $ | 48,181 | |||||||||||||||||||
Loans collectively evaluated for impairment | 753,220 | 50,257 | 175,410 | 22,097 | 1,000,984 | ||||||||||||||||||||||||
Ending balance | $ | 780,444 | $ | 53,349 | $ | 189,231 | $ | 26,141 | $ | 1,049,165 | |||||||||||||||||||
Permanent | Construction | Consumer | Commercial | Total | |||||||||||||||||||||||||
Real Estate | Loans | Loans | Loans | ||||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||
2012 | |||||||||||||||||||||||||||||
Beginning balance | $ | 31,323 | $ | 4,493 | $ | 4,576 | $ | 1,879 | $ | 42,271 | |||||||||||||||||||
Provision | 34,260 | 2,310 | 2,721 | 34 | 39,325 | ||||||||||||||||||||||||
Charge-offs | (16,790 | ) | (3,480 | ) | (2,740 | ) | (1,258 | ) | (24,268 | ) | |||||||||||||||||||
Recoveries | 770 | 215 | 724 | 251 | 1,960 | ||||||||||||||||||||||||
Net (charge-offs) recovery from asset sale | (35,744 | ) | (2,134 | ) | (822 | ) | 542 | (38,158 | ) | ||||||||||||||||||||
Ending balance | $ | 13,819 | $ | 1,404 | $ | 4,459 | $ | 1,448 | $ | 21,130 | |||||||||||||||||||
Period-end amount allocated to: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 2,380 | $ | 478 | $ | — | $ | 166 | $ | 3,024 | |||||||||||||||||||
Loans collectively evaluated for impairment | 11,439 | 926 | 4,459 | 1,282 | 18,106 | ||||||||||||||||||||||||
Ending balance | $ | 13,819 | $ | 1,404 | $ | 4,459 | $ | 1,448 | $ | 21,130 | |||||||||||||||||||
Period-end balances: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 43,013 | $ | 7,547 | $ | 8,784 | $ | 1,673 | $ | 61,017 | |||||||||||||||||||
Loans collectively evaluated for impairment | 769,155 | 25,305 | 205,809 | 24,870 | 1,025,139 | ||||||||||||||||||||||||
Ending balance | $ | 812,168 | $ | 32,852 | $ | 214,593 | $ | 26,543 | $ | 1,086,156 | |||||||||||||||||||
Permanent | Construction | Consumer | Commercial | Total | |||||||||||||||||||||||||
Real Estate | Loans | Loans | Loans | ||||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||
2011 | |||||||||||||||||||||||||||||
Beginning balance | $ | 28,066 | $ | 8,533 | $ | 5,260 | $ | 9,024 | $ | 50,883 | |||||||||||||||||||
Provision | 17,073 | 8,126 | 2,171 | (2,712 | ) | 24,658 | |||||||||||||||||||||||
Charge-offs | (14,734 | ) | (12,504 | ) | (3,446 | ) | (5,055 | ) | (35,739 | ) | |||||||||||||||||||
Recoveries | 918 | 338 | 591 | 622 | 2,469 | ||||||||||||||||||||||||
Ending balance | $ | 31,323 | $ | 4,493 | $ | 4,576 | $ | 1,879 | $ | 42,271 | |||||||||||||||||||
Period-end amount allocated to: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 8,275 | $ | 3,102 | $ | 236 | $ | 210 | $ | 11,823 | |||||||||||||||||||
Loans collectively evaluated for impairment | 23,048 | 1,391 | 4,340 | 1,669 | 30,448 | ||||||||||||||||||||||||
Ending balance | $ | 31,323 | $ | 4,493 | $ | 4,576 | $ | 1,879 | $ | 42,271 | |||||||||||||||||||
Period-end balances: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 115,290 | $ | 30,587 | $ | 3,734 | $ | 3,956 | $ | 153,567 | |||||||||||||||||||
Loans collectively evaluated for impairment | 972,496 | 33,280 | 234,663 | 26,190 | 1,266,629 | ||||||||||||||||||||||||
Ending balance | $ | 1,087,786 | $ | 63,867 | $ | 238,397 | $ | 30,146 | $ | 1,420,196 | |||||||||||||||||||
Presentation of Loans Individually Evaluated for Impairment by Class | ' | ||||||||||||||||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans as of and for the year ended December 31, 2013: | |||||||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Unpaid | Recorded | Allowance | Average | Interest | Cash Basis | ||||||||||||||||||||||||
Principal | Investment | for Loan | Recorded | Income | Income | ||||||||||||||||||||||||
Balance | Losses | Investment | Recognized | Recognized | |||||||||||||||||||||||||
Allocated | |||||||||||||||||||||||||||||
With no specific allowance recorded | |||||||||||||||||||||||||||||
Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 13,321 | $ | 11,309 | $ | — | $ | 14,679 | $ | 361 | $ | 449 | |||||||||||||||||
Multifamily residential | 662 | 567 | — | 638 | 2 | 13 | |||||||||||||||||||||||
Nonresidential | 6,451 | 5,311 | — | 5,377 | 19 | 63 | |||||||||||||||||||||||
Land | 3,913 | 487 | — | 1,290 | — | — | |||||||||||||||||||||||
Total | 24,347 | 17,674 | — | 21,984 | 382 | 525 | |||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 1,433 | 825 | — | 1,381 | — | — | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 1,433 | 825 | — | 1,381 | — | — | |||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 6,458 | 5,808 | — | 8,404 | 234 | 285 | |||||||||||||||||||||||
Auto | 83 | 66 | — | 45 | 1 | 6 | |||||||||||||||||||||||
Marine | 160 | 160 | — | 174 | — | 9 | |||||||||||||||||||||||
Recreational vehicle | 429 | 386 | — | 685 | 22 | 26 | |||||||||||||||||||||||
Other | 2 | 2 | — | 2 | — | — | |||||||||||||||||||||||
Total | 7,132 | 6,422 | — | 9,310 | 257 | 326 | |||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 4,414 | 4,044 | — | 3,506 | — | 11 | |||||||||||||||||||||||
Unsecured | 4,067 | — | — | 179 | 1 | 82 | |||||||||||||||||||||||
Total | 8,481 | 4,044 | — | 3,685 | 1 | 93 | |||||||||||||||||||||||
Total | $ | 41,393 | $ | 28,965 | $ | — | $ | 36,360 | $ | 640 | $ | 944 | |||||||||||||||||
With a specific allowance recorded | |||||||||||||||||||||||||||||
Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 8,897 | $ | 8,897 | $ | 1,675 | $ | 4,077 | $ | 342 | $ | 342 | |||||||||||||||||
Multifamily residential | 185 | 85 | 25 | 330 | — | — | |||||||||||||||||||||||
Nonresidential | 908 | 568 | 86 | 3,835 | — | 7 | |||||||||||||||||||||||
Land | — | — | — | 532 | — | — | |||||||||||||||||||||||
Total | 9,990 | 9,550 | 1,786 | 8,774 | 342 | 349 | |||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 3,895 | 2,267 | 680 | 2,559 | — | 1 | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 3,895 | 2,267 | 680 | 2,559 | — | 1 | |||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 6,743 | 6,743 | 719 | 2,369 | 303 | 303 | |||||||||||||||||||||||
Auto | — | — | — | — | — | — | |||||||||||||||||||||||
Marine | — | — | — | — | — | — | |||||||||||||||||||||||
Recreational vehicle | 656 | 656 | 140 | 346 | 16 | 16 | |||||||||||||||||||||||
Other | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 7,399 | 7,399 | 859 | 2,715 | 319 | 319 | |||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | — | — | — | 102 | — | — | |||||||||||||||||||||||
Unsecured | — | — | — | — | — | — | |||||||||||||||||||||||
Total | — | — | — | 102 | — | — | |||||||||||||||||||||||
Total | $ | 21,284 | $ | 19,216 | $ | 3,325 | $ | 14,150 | $ | 661 | $ | 669 | |||||||||||||||||
Total | $ | 62,677 | $ | 48,181 | $ | 3,325 | $ | 50,510 | $ | 1,301 | $ | 1,613 | |||||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans as of and for the year ended December 31, 2012: | |||||||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Unpaid | Recorded | Allowance | Average | Interest | Cash Basis | ||||||||||||||||||||||||
Principal | Investment | for Loan | Recorded | Income | Income | ||||||||||||||||||||||||
Balance | Losses | Investment | Recognized | Recognized | |||||||||||||||||||||||||
Allocated | |||||||||||||||||||||||||||||
With no specific allowance recorded | |||||||||||||||||||||||||||||
Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 18,672 | $ | 16,947 | $ | — | $ | 22,526 | $ | 613 | $ | 715 | |||||||||||||||||
Multifamily residential | 1,173 | 1,078 | — | 2,581 | 36 | 63 | |||||||||||||||||||||||
Nonresidential | 13,240 | 12,638 | — | 19,425 | 21 | 68 | |||||||||||||||||||||||
Land | 4,577 | 3,804 | — | 4,918 | — | — | |||||||||||||||||||||||
Total | 37,662 | 34,467 | — | 49,450 | 670 | 846 | |||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 17,912 | 3,580 | — | 6,051 | — | 14 | |||||||||||||||||||||||
Multifamily and nonresidential | 571 | — | — | — | — | — | |||||||||||||||||||||||
Total | 18,483 | 3,580 | — | 6,051 | — | 14 | |||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 8,867 | 7,958 | — | 5,571 | 265 | 326 | |||||||||||||||||||||||
Auto | 68 | 44 | — | 52 | 1 | 6 | |||||||||||||||||||||||
Marine | 190 | 190 | — | 268 | — | 13 | |||||||||||||||||||||||
Recreational vehicle | 887 | 592 | — | 659 | — | 35 | |||||||||||||||||||||||
Other | — | — | — | 5 | — | — | |||||||||||||||||||||||
Total | 10,012 | 8,784 | — | 6,555 | 266 | 380 | |||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 2,122 | 1,212 | — | 1,480 | — | 124 | |||||||||||||||||||||||
Unsecured | 2,861 | 38 | — | 261 | 2 | 11 | |||||||||||||||||||||||
Total | 4,983 | 1,250 | — | 1,741 | 2 | 135 | |||||||||||||||||||||||
Total | $ | 71,140 | $ | 48,081 | $ | — | $ | 63,797 | $ | 938 | $ | 1,375 | |||||||||||||||||
With a specific allowance recorded | |||||||||||||||||||||||||||||
Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 735 | $ | 735 | $ | 260 | $ | 1,242 | $ | — | $ | — | |||||||||||||||||
Multifamily residential | 996 | 981 | 57 | 2,390 | — | 17 | |||||||||||||||||||||||
Nonresidential | 5,218 | 4,703 | 1,336 | 17,420 | 19 | 57 | |||||||||||||||||||||||
Land | 3,913 | 2,127 | 727 | 2,603 | — | — | |||||||||||||||||||||||
Total | 10,862 | 8,546 | 2,380 | 23,655 | 19 | 74 | |||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 6,455 | 3,967 | 478 | 9,511 | — | 2 | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 6,455 | 3,967 | 478 | 9,511 | — | 2 | |||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | — | — | — | — | — | — | |||||||||||||||||||||||
Auto | — | — | — | — | — | — | |||||||||||||||||||||||
Marine | — | — | — | — | — | — | |||||||||||||||||||||||
Recreational vehicle | — | — | — | 27 | — | — | |||||||||||||||||||||||
Other | — | — | — | — | — | — | |||||||||||||||||||||||
Total | — | — | — | 27 | — | — | |||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 798 | 423 | 166 | 487 | — | 3 | |||||||||||||||||||||||
Unsecured | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 798 | 423 | 166 | 487 | — | 3 | |||||||||||||||||||||||
Total | $ | 18,115 | $ | 12,936 | $ | 3,024 | $ | 33,680 | $ | 19 | $ | 79 | |||||||||||||||||
Total | $ | 89,255 | $ | 61,017 | $ | 3,024 | $ | 97,477 | $ | 957 | $ | 1,454 | |||||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans as of and for the year ended December 31, 2011: | |||||||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Unpaid | Recorded | Allowance | Average | Interest | Cash Basis | ||||||||||||||||||||||||
Principal | Investment | for Loan | Recorded | Income | Income | ||||||||||||||||||||||||
Balance | Losses | Investment | Recognized | Recognized | |||||||||||||||||||||||||
Allocated | |||||||||||||||||||||||||||||
With no specific allowance recorded | |||||||||||||||||||||||||||||
Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 32,372 | $ | 28,566 | $ | — | $ | 26,016 | $ | 557 | $ | 868 | |||||||||||||||||
Multifamily residential | 5,112 | 4,205 | — | 3,798 | — | 218 | |||||||||||||||||||||||
Nonresidential | 29,120 | 28,327 | — | 26,911 | 391 | 1,006 | |||||||||||||||||||||||
Land | 9,213 | 7,290 | — | 6,739 | 38 | 198 | |||||||||||||||||||||||
Total | 75,817 | 68,388 | — | 63,464 | 986 | 2,290 | |||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 19,081 | 12,532 | — | 15,300 | 284 | 441 | |||||||||||||||||||||||
Multifamily and nonresidential | 707 | — | — | 96 | — | — | |||||||||||||||||||||||
Total | 19,788 | 12,532 | — | 15,396 | 284 | 441 | |||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 4,908 | 3,139 | — | 1,620 | 61 | 124 | |||||||||||||||||||||||
Auto | 80 | 59 | — | 68 | 1 | 5 | |||||||||||||||||||||||
Marine | — | — | — | — | — | — | |||||||||||||||||||||||
Recreational vehicle | 26 | 11 | — | 38 | — | 2 | |||||||||||||||||||||||
Other | 7 | 7 | — | 7 | — | — | |||||||||||||||||||||||
Total | 5,021 | 3,216 | — | 1,733 | 62 | 131 | |||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 3,875 | 3,084 | — | 1,627 | 35 | 531 | |||||||||||||||||||||||
Unsecured | 22,716 | 371 | — | 370 | 7 | 128 | |||||||||||||||||||||||
Total | 26,591 | 3,455 | — | 1,997 | 42 | 659 | |||||||||||||||||||||||
Total | $ | 127,217 | $ | 87,591 | $ | — | $ | 82,590 | $ | 1,374 | $ | 3,521 | |||||||||||||||||
With a specific allowance recorded | |||||||||||||||||||||||||||||
Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 2,487 | $ | 1,721 | $ | 152 | $ | 2,993 | $ | — | $ | 35 | |||||||||||||||||
Multifamily residential | 4,077 | 2,387 | 187 | 3,594 | 10 | 61 | |||||||||||||||||||||||
Nonresidential | 42,201 | 38,176 | 6,127 | 37,986 | 919 | 1,569 | |||||||||||||||||||||||
Land | 5,074 | 4,618 | 1,809 | 3,049 | — | 175 | |||||||||||||||||||||||
Total | 53,839 | 46,902 | 8,275 | 47,622 | 929 | 1,840 | |||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 35,759 | 18,055 | 3,102 | 24,089 | 47 | 221 | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 35,759 | 18,055 | 3,102 | 24,089 | 47 | 221 | |||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | — | — | — | — | — | — | |||||||||||||||||||||||
Auto | — | — | — | — | — | — | |||||||||||||||||||||||
Marine | 482 | 482 | 218 | 121 | — | 19 | |||||||||||||||||||||||
Recreational vehicle | 88 | 36 | 18 | 9 | — | — | |||||||||||||||||||||||
Other | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 570 | 518 | 236 | 130 | — | 19 | |||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 776 | 427 | 136 | 6,124 | 5 | 10 | |||||||||||||||||||||||
Unsecured | 105 | 74 | 74 | 1,244 | — | — | |||||||||||||||||||||||
Total | 881 | 501 | 210 | 7,368 | 5 | 10 | |||||||||||||||||||||||
Total | 91,049 | 65,976 | 11,823 | 79,209 | 981 | 2,090 | |||||||||||||||||||||||
Presentation of Recorded Investment in Nonaccrual Loans and Loans Past Due Over 90 Days and Still on Accrual by Class of Loans | ' | ||||||||||||||||||||||||||||
The following tables present the recorded investment in nonaccrual and loans past due over 90 days and still on accrual by class of loans as of December 31, 2013: | |||||||||||||||||||||||||||||
Nonaccrual Loans and Loans Past Due Over 90 Days and Still Accruing | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Nonaccrual | Loans past due | ||||||||||||||||||||||||||||
over 90 days | |||||||||||||||||||||||||||||
and still | |||||||||||||||||||||||||||||
accruing | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 6,356 | $ | — | |||||||||||||||||||||||||
Multifamily residential | 641 | — | |||||||||||||||||||||||||||
Nonresidential | 5,560 | — | |||||||||||||||||||||||||||
Land | 496 | — | |||||||||||||||||||||||||||
Total | 13,053 | — | |||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | 3,084 | — | |||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | |||||||||||||||||||||||||||
Total | 3,084 | — | |||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 2,726 | 45 | |||||||||||||||||||||||||||
Auto | 110 | — | |||||||||||||||||||||||||||
Marine | 136 | — | |||||||||||||||||||||||||||
Recreational vehicle | 263 | — | |||||||||||||||||||||||||||
Other | 13 | — | |||||||||||||||||||||||||||
Total | 3,248 | 45 | |||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | 4,028 | — | |||||||||||||||||||||||||||
Unsecured | 130 | — | |||||||||||||||||||||||||||
Total | 4,158 | — | |||||||||||||||||||||||||||
Total | $ | 23,543 | $ | 45 | |||||||||||||||||||||||||
The following tables present the recorded investment in nonaccrual and loans past due over 90 days and still on accrual by class of loans as of December 31, 2012: | |||||||||||||||||||||||||||||
Nonaccrual Loans and Loans Past Due Over 90 Days and Still Accruing | |||||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Nonaccrual | Loans past due | ||||||||||||||||||||||||||||
over 90 days | |||||||||||||||||||||||||||||
and still | |||||||||||||||||||||||||||||
accruing | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 5,437 | $ | — | |||||||||||||||||||||||||
Multifamily residential | 2,027 | — | |||||||||||||||||||||||||||
Nonresidential | 17,065 | 3,678 | |||||||||||||||||||||||||||
Land | 6,047 | — | |||||||||||||||||||||||||||
Total | 30,576 | 3,678 | |||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | 7,466 | — | |||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | |||||||||||||||||||||||||||
Total | 7,466 | — | |||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 3,298 | — | |||||||||||||||||||||||||||
Auto | 105 | — | |||||||||||||||||||||||||||
Marine | 176 | — | |||||||||||||||||||||||||||
Recreational vehicle | 1,259 | — | |||||||||||||||||||||||||||
Other | 4 | — | |||||||||||||||||||||||||||
Total | 4,842 | — | |||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | 1,194 | — | |||||||||||||||||||||||||||
Unsecured | 31 | — | |||||||||||||||||||||||||||
Total | 1,225 | — | |||||||||||||||||||||||||||
Total | $ | 44,109 | $ | 3,678 | |||||||||||||||||||||||||
Presentation of Age Analysis of Past-Due Loans, Segregated by Class of Loans | ' | ||||||||||||||||||||||||||||
The following tables present an age analysis of past-due loans, segregated by class of loans as of December 31, 2013: | |||||||||||||||||||||||||||||
Past Due Loans | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
30-59 | 60-89 | Greater | Total Past | Current | Total | ||||||||||||||||||||||||
Days | Days | than 90 | Due | Loans | Loans | ||||||||||||||||||||||||
Past Due | Past Due | Days | |||||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 1,482 | $ | 379 | $ | 4,687 | $ | 6,548 | $ | 578,477 | $ | 585,025 | |||||||||||||||||
Multifamily residential | 359 | — | 190 | 549 | 53,936 | 54,485 | |||||||||||||||||||||||
Nonresidential | 13 | — | 5,456 | 5,469 | 125,782 | 131,251 | |||||||||||||||||||||||
Land | — | 36 | 496 | 532 | 9,151 | 9,683 | |||||||||||||||||||||||
Total | 1,854 | 415 | 10,829 | 13,098 | 767,346 | 780,444 | |||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | — | — | 3,084 | 3,084 | 50,265 | 53,349 | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | — | — | |||||||||||||||||||||||
Total | — | — | 3,084 | 3,084 | 50,265 | 53,349 | |||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 541 | 452 | 2,111 | 3,104 | 156,691 | 159,795 | |||||||||||||||||||||||
Auto | 5 | — | 49 | 54 | 5,615 | 5,669 | |||||||||||||||||||||||
Marine | — | — | — | — | 4,308 | 4,308 | |||||||||||||||||||||||
Recreational vehicle | 117 | 199 | 3 | 319 | 17,028 | 17,347 | |||||||||||||||||||||||
Other | 1 | 7 | 10 | 18 | 2,094 | 2,112 | |||||||||||||||||||||||
Total | 664 | 658 | 2,173 | 3,495 | 185,736 | 189,231 | |||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | 11 | 4,017 | 4,028 | 21,686 | 25,714 | |||||||||||||||||||||||
Unsecured | — | — | 130 | 130 | 297 | 427 | |||||||||||||||||||||||
Total | — | 11 | 4,147 | 4,158 | 21,983 | 26,141 | |||||||||||||||||||||||
Total | $ | 2,518 | $ | 1,084 | $ | 20,233 | $ | 23,835 | $ | 1,025,330 | $ | 1,049,165 | |||||||||||||||||
The following tables present an age analysis of past-due loans, segregated by class of loans as of December 31, 2012: | |||||||||||||||||||||||||||||
Past Due Loans | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
30-59 | 60-89 | Greater | Total Past | Current | Total | ||||||||||||||||||||||||
Days | Days | than 90 | Due | Loans | Loans | ||||||||||||||||||||||||
Past Due | Past Due | Days | |||||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 1,995 | $ | 784 | $ | 4,495 | $ | 7,274 | $ | 569,975 | $ | 577,249 | |||||||||||||||||
Multifamily residential | 158 | — | 1,630 | 1,788 | 79,135 | 80,923 | |||||||||||||||||||||||
Nonresidential | — | 176 | 19,942 | 20,118 | 118,070 | 138,188 | |||||||||||||||||||||||
Land | 83 | — | 6,044 | 6,127 | 9,681 | 15,808 | |||||||||||||||||||||||
Total | 2,236 | 960 | 32,111 | 35,307 | 776,861 | 812,168 | |||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | 54 | — | 7,398 | 7,452 | 20,866 | 28,318 | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | 4,534 | 4,534 | |||||||||||||||||||||||
Total | 54 | — | 7,398 | 7,452 | 25,400 | 32,852 | |||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 1,135 | 475 | 2,071 | 3,681 | 173,549 | 177,230 | |||||||||||||||||||||||
Auto | 35 | 7 | 83 | 125 | 7,523 | 7,648 | |||||||||||||||||||||||
Marine | — | — | 8 | 8 | 4,934 | 4,942 | |||||||||||||||||||||||
Recreational vehicle | 447 | 32 | 353 | 832 | 21,418 | 22,250 | |||||||||||||||||||||||
Other | — | 1 | 3 | 4 | 2,519 | 2,523 | |||||||||||||||||||||||
Total | 1,617 | 515 | 2,518 | 4,650 | 209,943 | 214,593 | |||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | 16 | — | 23 | 39 | 24,204 | 24,243 | |||||||||||||||||||||||
Unsecured | — | 728 | 6 | 734 | 1,566 | 2,300 | |||||||||||||||||||||||
Total | 16 | 728 | 29 | 773 | 25,770 | 26,543 | |||||||||||||||||||||||
Total | $ | 3,923 | $ | 2,203 | $ | 42,056 | $ | 48,182 | $ | 1,037,974 | $ | 1,086,156 | |||||||||||||||||
Loans by Class Modified as Troubled Debt Restructuring | ' | ||||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the year ended December 31, 2013: | |||||||||||||||||||||||||||||
Number of | Pre- | Post- | |||||||||||||||||||||||||||
loans | Modification | Modification | |||||||||||||||||||||||||||
Outstanding | Recorded | ||||||||||||||||||||||||||||
Recorded | Investment | ||||||||||||||||||||||||||||
Investment | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family | 42 | $ | 3,568 | $ | 3,381 | ||||||||||||||||||||||||
Multifamily residential | 1 | 469 | 469 | ||||||||||||||||||||||||||
Nonresidential | 1 | 41 | 41 | ||||||||||||||||||||||||||
Land | 2 | 2,127 | 487 | ||||||||||||||||||||||||||
Total | 46 | 6,205 | 4,378 | ||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | 1 | 942 | 823 | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | 1 | 942 | 823 | ||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 110 | 4,556 | 4,487 | ||||||||||||||||||||||||||
Auto | — | — | — | ||||||||||||||||||||||||||
Marine | — | — | — | ||||||||||||||||||||||||||
Recreational vehicle | 4 | 791 | 804 | ||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||
Total | 114 | 5,347 | 5,291 | ||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | — | — | ||||||||||||||||||||||||||
Unsecured | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | ||||||||||||||||||||||||||
Total Restructured Loans | 161 | $ | 12,494 | $ | 10,492 | ||||||||||||||||||||||||
The troubled debt restructurings described above increased the allowance for loan losses by $951,000, and resulted in $1.8 million charge-offs during the twelve months ended December 31, 2013. | |||||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the year ended December 31, 2012: | |||||||||||||||||||||||||||||
Number of | Pre- | Post- | |||||||||||||||||||||||||||
loans | Modification | Modification | |||||||||||||||||||||||||||
Outstanding | Recorded | ||||||||||||||||||||||||||||
Recorded | Investment | ||||||||||||||||||||||||||||
Investment | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family | 114 | $ | 6,618 | $ | 5,574 | ||||||||||||||||||||||||
Multifamily residential | 6 | 1,439 | 1,438 | ||||||||||||||||||||||||||
Nonresidential | 1 | 424 | 424 | ||||||||||||||||||||||||||
Land | — | — | — | ||||||||||||||||||||||||||
Total | 121 | 8,481 | 7,436 | ||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | 3 | 853 | 830 | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | 3 | 853 | 830 | ||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 86 | 6,951 | 7,033 | ||||||||||||||||||||||||||
Auto | — | — | — | ||||||||||||||||||||||||||
Marine | — | — | — | ||||||||||||||||||||||||||
Recreational vehicle | — | — | — | ||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||
Total | 86 | 6,951 | 7,033 | ||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | — | — | ||||||||||||||||||||||||||
Unsecured | 1 | 446 | 446 | ||||||||||||||||||||||||||
Total | 1 | 446 | 446 | ||||||||||||||||||||||||||
Total Restructured Loans | 211 | $ | 16,731 | $ | 15,745 | ||||||||||||||||||||||||
Loans by Class Modified as Troubled Debt Restructurings with Payment Default | ' | ||||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings for which there was a payment default within twelve months following the modification during the period ended December 31, 2013: | |||||||||||||||||||||||||||||
Number of | Recorded | ||||||||||||||||||||||||||||
loans | Investment | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family | 4 | $ | 576 | ||||||||||||||||||||||||||
Multifamily residential | 1 | 463 | |||||||||||||||||||||||||||
Nonresidential | — | — | |||||||||||||||||||||||||||
Land | 2 | 487 | |||||||||||||||||||||||||||
Total | 7 | 1,526 | |||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | 1 | 623 | |||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | |||||||||||||||||||||||||||
Total | 1 | 623 | |||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 6 | 207 | |||||||||||||||||||||||||||
Auto | — | — | |||||||||||||||||||||||||||
Marine | — | — | |||||||||||||||||||||||||||
Recreational vehicle | 2 | 184 | |||||||||||||||||||||||||||
Other | — | — | |||||||||||||||||||||||||||
Total | 8 | 391 | |||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | — | |||||||||||||||||||||||||||
Unsecured | — | — | |||||||||||||||||||||||||||
Total | — | — | |||||||||||||||||||||||||||
Total Restructured Loans | 16 | $ | 2,540 | ||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings for which there was a payment default within twelve months following the modification during the period ended December 31, 2012: | |||||||||||||||||||||||||||||
Number of | Recorded | ||||||||||||||||||||||||||||
loans | Investment | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family | 9 | $ | 851 | ||||||||||||||||||||||||||
Multifamily residential | — | — | |||||||||||||||||||||||||||
Nonresidential | — | — | |||||||||||||||||||||||||||
Land | — | — | |||||||||||||||||||||||||||
Total | 9 | 851 | |||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | — | — | |||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | |||||||||||||||||||||||||||
Total | — | — | |||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 2 | 77 | |||||||||||||||||||||||||||
Auto | — | — | |||||||||||||||||||||||||||
Marine | — | — | |||||||||||||||||||||||||||
Recreational vehicle | — | — | |||||||||||||||||||||||||||
Other | — | — | |||||||||||||||||||||||||||
Total | 2 | 77 | |||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | — | |||||||||||||||||||||||||||
Unsecured | — | — | |||||||||||||||||||||||||||
Total | — | — | |||||||||||||||||||||||||||
Total Restructured Loans | 11 | $ | 928 | ||||||||||||||||||||||||||
Risk Category of Loans by Class of Loans | ' | ||||||||||||||||||||||||||||
As of December 31, 2013 and December 31, 2012, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: | |||||||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Unclassified | Classified | ||||||||||||||||||||||||||||
Unclassified | Special | Substandard | Doubtful | Loss | Total | Total Loans | |||||||||||||||||||||||
Mention | Classified | ||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 575,903 | $ | 404 | $ | 8,718 | $ | — | $ | — | $ | 8,718 | $ | 585,025 | |||||||||||||||
Multifamily Residential | 48,918 | 2,962 | 2,605 | — | — | 2,605 | 54,485 | ||||||||||||||||||||||
Nonresidential | 90,115 | 12,222 | 28,914 | — | — | 28,914 | 131,251 | ||||||||||||||||||||||
Land | 9,069 | 127 | 487 | — | — | 487 | 9,683 | ||||||||||||||||||||||
Total | 724,005 | 15,715 | 40,724 | — | — | 40,724 | 780,444 | ||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family Residential | 50,257 | — | 3,092 | — | — | 3,092 | 53,349 | ||||||||||||||||||||||
Multifamily and Nonresidential | — | — | — | — | — | — | — | ||||||||||||||||||||||
Total | 50,257 | — | 3,092 | — | — | 3,092 | 53,349 | ||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 156,841 | 46 | 2,954 | — | — | 2,954 | 159,841 | ||||||||||||||||||||||
Auto | 5,507 | 5 | 116 | — | — | 116 | 5,628 | ||||||||||||||||||||||
Marine | 4,143 | — | 160 | — | — | 160 | 4,303 | ||||||||||||||||||||||
Recreational vehicle | 17,066 | — | 281 | — | — | 281 | 17,347 | ||||||||||||||||||||||
Other | 2,099 | — | 13 | — | — | 13 | 2,112 | ||||||||||||||||||||||
Total | 185,656 | 51 | 3,524 | — | — | 3,524 | 189,231 | ||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | 19,714 | 190 | 5,810 | — | — | 5,810 | 25,714 | ||||||||||||||||||||||
Unsecured | 68 | — | 359 | — | — | 359 | 427 | ||||||||||||||||||||||
Total | 19,782 | 190 | 6,169 | — | — | 6,169 | 26,141 | ||||||||||||||||||||||
Total | $ | 979,700 | $ | 15,956 | $ | 53,509 | $ | — | $ | — | $ | 53,509 | $ | 1,049,165 | |||||||||||||||
Loans | |||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Unclassified | Classified | ||||||||||||||||||||||||||||
Unclassified | Special | Substandard | Doubtful | Loss | Total | Total Loans | |||||||||||||||||||||||
Mention | Classified | ||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 569,204 | $ | 459 | $ | 7,586 | $ | — | $ | — | $ | 7,586 | $ | 577,249 | |||||||||||||||
Multifamily Residential | 69,060 | 8,409 | 3,454 | — | — | 3,454 | 80,923 | ||||||||||||||||||||||
Nonresidential | 99,275 | 12,234 | 26,679 | — | — | 26,679 | 138,188 | ||||||||||||||||||||||
Land | 9,596 | 280 | 5,932 | — | — | 5,932 | 15,808 | ||||||||||||||||||||||
Total | 747,135 | 21,382 | 43,651 | — | — | 43,651 | 812,168 | ||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family Residential | 20,577 | 196 | 7,545 | — | — | 7,545 | 28,318 | ||||||||||||||||||||||
Multifamily and Nonresidential | 4,534 | — | — | — | — | — | 4,534 | ||||||||||||||||||||||
Total | 25,111 | 196 | 7,545 | — | — | 7,545 | 32,852 | ||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 173,696 | 82 | 3,534 | — | — | 3,534 | 177,230 | ||||||||||||||||||||||
Auto | 7,453 | 7 | 113 | — | — | 113 | 7,648 | ||||||||||||||||||||||
Marine | 4,745 | — | 190 | — | — | 190 | 4,942 | ||||||||||||||||||||||
Recreational vehicle | 20,859 | — | 1,391 | — | — | 1,391 | 22,250 | ||||||||||||||||||||||
Other | 2,507 | — | 16 | — | — | 16 | 2,523 | ||||||||||||||||||||||
Total | 209,260 | 89 | 5,244 | — | — | 5,244 | 214,593 | ||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | 20,843 | 769 | 2,631 | — | — | 2,631 | 24,243 | ||||||||||||||||||||||
Unsecured | 1,481 | 11 | 808 | — | — | 808 | 2,300 | ||||||||||||||||||||||
Total | 22,324 | 780 | 3,439 | — | — | 3,439 | 26,543 | ||||||||||||||||||||||
Total | $ | 1,003,830 | $ | 22,447 | $ | 59,879 | $ | — | $ | — | $ | 59,879 | $ | 1,086,156 | |||||||||||||||
Loans to Officers and/or Directors | ' | ||||||||||||||||||||||||||||
The following describes loans to officers and/or directors of United Community and Home Savings: | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Balance as of December 31, 2012 | $ | 1,387 | |||||||||||||||||||||||||||
New loans to officers and/or directors | — | ||||||||||||||||||||||||||||
Loan payments during 2013 | (308 | ) | |||||||||||||||||||||||||||
Reductions due to changes in officers and/or directors | (359 | ) | |||||||||||||||||||||||||||
Balance as of December 31, 2013 | $ | 720 | |||||||||||||||||||||||||||
Mortgage_Banking_Activities_Ta
Mortgage Banking Activities (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Text Block [Abstract] | ' | ||||||||||||
Principal Balance of Mortgage Servicing Rights | ' | ||||||||||||
Mortgage loans serviced for others are not reported as assets. The principal balance of these loans at year end are as follows: | |||||||||||||
2013 | 2012 | ||||||||||||
Mortgage loan portfolios serviced for: | |||||||||||||
FHLMC | $ | 827,146 | $ | 817,108 | |||||||||
FNMA | 283,340 | 316,142 | |||||||||||
Capitalized Mortgage Servicing Rights | ' | ||||||||||||
Activity for capitalized mortgage servicing rights, included in other assets, was as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Dollars in thousands) | |||||||||||||
Balance, beginning of year | $ | 6,186 | $ | 6,375 | $ | 6,400 | |||||||
Originations | 1,898 | 2,395 | 2,204 | ||||||||||
Amortized to expense | (2,143 | ) | (2,584 | ) | (2,229 | ) | |||||||
Balance, end of year | 5,941 | 6,186 | 6,375 | ||||||||||
Less valuation allowance | — | (680 | ) | (1,785 | ) | ||||||||
Net balance | $ | 5,941 | $ | 5,506 | $ | 4,590 | |||||||
Valuation Allowance for Mortgage Servicing Rights | ' | ||||||||||||
Activity in the valuation allowance for mortgage servicing rights was as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Dollars in thousands) | |||||||||||||
Balance, beginning of year | $ | (680 | ) | $ | (1,785 | ) | $ | (285 | ) | ||||
Impairment charges | — | (1,179 | ) | (1,727 | ) | ||||||||
Recoveries | 680 | 2,284 | 227 | ||||||||||
Balance, end of year | $ | — | $ | (680 | ) | $ | (1,785 | ) | |||||
Key Economic Assumptions in Measuring Value of Mortgage Servicing Rights | ' | ||||||||||||
Key economic assumptions used in measuring the value of mortgage servicing rights at December 31, 2013 and 2012 were as follows: | |||||||||||||
2013 | 2012 | ||||||||||||
Weighted average prepayment rate | 182 PSA | 401 PSA | |||||||||||
Weighted average life (in years) | 3.94 | 3.93 | |||||||||||
Weighted average discount rate | 8 | % | 8 | % |
Other_Real_Estate_Owned_and_Ot1
Other Real Estate Owned and Other Repossessed Assets (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Text Block [Abstract] | ' | ||||||||||||
Real Estate Owned and Other Repossessed Assets | ' | ||||||||||||
Real estate owned and other repossessed assets at December 31, 2013 and 2012 was as follows: | |||||||||||||
December 31, | December 31, | ||||||||||||
2013 | 2012 | ||||||||||||
(Dollars in thousands) | |||||||||||||
Real estate owned and other repossessed assets | $ | 10,400 | $ | 25,236 | |||||||||
Valuation allowance | (4,059 | ) | (6,796 | ) | |||||||||
End of period | $ | 6,341 | $ | 18,440 | |||||||||
Valuation Allowance Related to Real Estate Owned | ' | ||||||||||||
Activity in the valuation allowance was as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Dollars in thousands) | |||||||||||||
Beginning of year | $ | 6,796 | $ | 8,764 | $ | 7,332 | |||||||
Additions charged to expense | 2,014 | 2,248 | 4,684 | ||||||||||
Direct write-downs | (4,751 | ) | (4,216 | ) | (3,252 | ) | |||||||
End of year | $ | 4,059 | $ | 6,796 | $ | 8,764 | |||||||
Expenses Related to Foreclosed and Repossessed Assets | ' | ||||||||||||
Expenses related to foreclosed and repossessed assets include: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Dollars in thousands) | |||||||||||||
Net loss on sales | $ | 167 | $ | 1,943 | $ | 1,481 | |||||||
Provision for unrealized losses | 2,014 | 2,248 | 4,684 | ||||||||||
Operating expenses, net of rental income | 1,450 | 1,743 | 2,891 | ||||||||||
Total expenses | $ | 3,631 | $ | 5,934 | $ | 9,056 | |||||||
Premises_and_Equipment_Tables
Premises and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Summary of Premises and Equipment | ' | ||||||||
Premises and equipment consist of the following: | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
(Dollars in thousands) | |||||||||
Land | $ | 7,054 | $ | 7,054 | |||||
Buildings | 23,176 | 23,020 | |||||||
Leasehold improvements | 1,124 | 1,114 | |||||||
Furniture and equipment | 22,031 | 20,994 | |||||||
53,385 | 52,182 | ||||||||
Less: Accumulated depreciation and amortization | 32,461 | 30,633 | |||||||
Total | $ | 20,924 | $ | 21,549 | |||||
Component of Rent Commitments under Noncancelable Operating Leases | ' | ||||||||
Rent commitments under noncancelable operating leases for offices were as follows, before considering renewal options that generally are present: | |||||||||
(Dollars in thousands) | |||||||||
2014 | $ | 401 | |||||||
2015 | 310 | ||||||||
2016 | 192 | ||||||||
2017 | 168 | ||||||||
2018 | 174 | ||||||||
Thereafter | 1,437 | ||||||||
Total | $ | 2,682 | |||||||
Intangible_Assets_Tables
Intangible Assets (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||
Amortization Intangible Assets and Estimated Amortization Expense | ' | ||||||||||||||||
As of December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Gross | Accumulated | Gross | Accumulated | ||||||||||||||
Carrying | Amortization | Carrying | Amortization | ||||||||||||||
Amount | Amount | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Amortized intangible assets: | |||||||||||||||||
Core deposit intangibles | $ | 8,952 | $ | 8,800 | $ | 8,952 | $ | 8,714 | |||||||||
Total | $ | 8,952 | $ | 8,800 | $ | 8,952 | $ | 8,714 | |||||||||
Estimated amortization expense: | |||||||||||||||||
For the year ended: | |||||||||||||||||
December 31, 2014 | $ | 68 | |||||||||||||||
December 31, 2015 | 54 | ||||||||||||||||
December 31, 2016 | 25 | ||||||||||||||||
December 31, 2017 | 3 | ||||||||||||||||
December 31, 2018 | 2 |
Deposits_Tables
Deposits (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||
Components of Deposits | ' | ||||||||||||
Deposits consist of the following: | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
(Dollars in thousands) | |||||||||||||
Checking accounts: | |||||||||||||
Interest bearing | $ | 132,751 | $ | 132,947 | |||||||||
Non-interest bearing | 170,590 | 159,767 | |||||||||||
Savings accounts | 267,515 | 264,411 | |||||||||||
Money market accounts | 328,625 | 345,651 | |||||||||||
Certificates of deposit | 492,271 | 559,298 | |||||||||||
Total deposits | $ | 1,391,752 | $ | 1,462,074 | |||||||||
Interest Expense on Deposits | ' | ||||||||||||
Interest expense on deposits is summarized as follows: | |||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Dollars in thousands) | |||||||||||||
Interest bearing demand deposits and money market accounts | $ | 1,016 | $ | 1,565 | $ | 2,231 | |||||||
Savings accounts | 242 | 332 | 501 | ||||||||||
Certificates of deposit | 6,365 | 9,999 | 21,609 | ||||||||||
Total | $ | 7,623 | $ | 11,896 | $ | 24,341 | |||||||
Summary of Certificates of Deposit by Maturity | ' | ||||||||||||
A summary of certificates of deposit by maturity follows: | |||||||||||||
December 31, 2013 | |||||||||||||
(Dollars in thousands) | |||||||||||||
2014 | $ | 214,819 | |||||||||||
2015 | 88,595 | ||||||||||||
2016 | 61,028 | ||||||||||||
2017 | 57,043 | ||||||||||||
2018 and thereafter | 70,786 | ||||||||||||
Total | $ | 492,271 | |||||||||||
Summary of Certificates of Deposit with Balances of $100000 or More by Maturity | ' | ||||||||||||
A summary of certificates of deposit with balances of $100,000 or more by maturity is as follows: | |||||||||||||
December 31, | December 31, | ||||||||||||
2013 | 2012 | ||||||||||||
(Dollars in thousands) | |||||||||||||
Three months or less | $ | 19,868 | $ | 14,274 | |||||||||
Over three months to six months | 13,123 | 6,120 | |||||||||||
Over six months to twelve months | 11,422 | 21,759 | |||||||||||
Over twelve months | 79,510 | 102,552 | |||||||||||
Total | $ | 123,923 | $ | 144,705 | |||||||||
Federal_Home_Loan_Bank_Advance1
Federal Home Loan Bank Advances (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||||||
Summary of FHLB Advances | ' | ||||||||||||||||
The following is a summary of FHLB advances: | |||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Year of maturity | Amount | Weighted | Amount | Weighted | |||||||||||||
average rate | average rate | ||||||||||||||||
2017 | 50,000 | 4.2 | 50,000 | 4.2 | |||||||||||||
Securities_Sold_Under_Agreemen1
Securities Sold Under Agreement to Repurchase and Other Borrowings (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||||||
Summary of Securities Sold Under an Agreement to Repurchase and Other Borrowings | ' | ||||||||||||||||
The following is a summary of securities sold under an agreement to repurchase and other borrowings: | |||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Amount | Weighted | Amount | Weighted | ||||||||||||||
average rate | average rate | ||||||||||||||||
Securities sold under agreement to repurchase-term | $ | 90,000 | 4.01 | % | $ | 90,000 | 4.01 | % | |||||||||
Other borrowings | 578 | 4 | % | 598 | 4 | % | |||||||||||
Total repurchase agreements and other | $ | 90,578 | 4.01 | % | $ | 90,598 | 4.01 | % | |||||||||
Summary of Balances and Interest Rates | ' | ||||||||||||||||
December 31, | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Average daily balance during the year | $ | 90,588 | $ | 90,608 | $ | 94,477 | |||||||||||
Average interest rate during the year | 4.01 | % | 4.01 | % | 3.9 | % | |||||||||||
Maximum month end balance during the year | $ | 90,597 | $ | 90,616 | $ | 100,446 | |||||||||||
Weighted average interest rate at year end | 4.01 | % | 4.01 | % | 4.01 | % |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Components of Income Tax Expense (Benefit) | ' | ||||||||||||||||||||||||
The income tax expense (benefit) consists of the following components: | |||||||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Current | $ | 200 | $ | — | $ | — | |||||||||||||||||||
Deferred | 2,958 | (7,522 | ) | (148 | ) | ||||||||||||||||||||
Change in valuation allowance | (2,958 | ) | 6,634 | 148 | |||||||||||||||||||||
Total | $ | 200 | $ | (888 | ) | $ | — | ||||||||||||||||||
Summary of Difference in Effective Tax Rates and Statutory Federal Income Tax Rate of 35% | ' | ||||||||||||||||||||||||
Effective tax rates differ from the statutory federal income tax rate of 35% due to the following: | |||||||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Dollars | Rate | Dollars | Rate | Dollars | Rate | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Tax (benefit) at statutory rate | $ | 3,580 | 35 | % | $ | (7,464 | ) | 35 | % | $ | 81 | 35 | % | ||||||||||||
Increase (decrease) due to: | |||||||||||||||||||||||||
Tax exempt income | — | — | — | — | (1 | ) | -0.4 | ||||||||||||||||||
Life insurance | (382 | ) | -3.7 | (575 | ) | 2.7 | (367 | ) | -159.5 | ||||||||||||||||
Other | (40 | ) | -0.4 | 517 | -2.4 | 139 | 60.5 | ||||||||||||||||||
Valuation allowance | (2,958 | ) | -28.9 | 6,634 | -31.1 | 148 | 64.4 | ||||||||||||||||||
Income tax provision (benefit) | $ | 200 | 2 | % | $ | (888 | ) | 4.2 | % | $ | — | 0 | % | ||||||||||||
Significant Components of Deferred Tax Assets and Liabilities | ' | ||||||||||||||||||||||||
Significant components of the deferred tax assets and liabilities are as follows: | |||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Deferred tax assets: | |||||||||||||||||||||||||
Loan loss reserves | $ | 7,391 | $ | 7,396 | |||||||||||||||||||||
Postretirement benefits | 1,162 | 1,254 | |||||||||||||||||||||||
Other real estate owned valuation | 1,421 | 2,379 | |||||||||||||||||||||||
Tax credits carryforward | 339 | 224 | |||||||||||||||||||||||
Securities impairment charges | 153 | 153 | |||||||||||||||||||||||
Unrealized loss on securities available for sale | 14,138 | — | |||||||||||||||||||||||
Interest on nonaccrual loans | 758 | 1,632 | |||||||||||||||||||||||
Net operating loss carryforward | 26,708 | 27,701 | |||||||||||||||||||||||
Purchase accounting adjustment | 70 | 51 | |||||||||||||||||||||||
Accrued bonuses | 456 | 405 | |||||||||||||||||||||||
Other | 295 | 465 | |||||||||||||||||||||||
Less: Valuation allowance | (42,802 | ) | (28,838 | ) | |||||||||||||||||||||
Deferred tax assets | 10,089 | 12,822 | |||||||||||||||||||||||
Deferred tax liabilities: | |||||||||||||||||||||||||
Deferred loan fees | 405 | 442 | |||||||||||||||||||||||
Federal Home Loan Bank stock dividends | 6,715 | 6,715 | |||||||||||||||||||||||
Mortgage servicing rights | 2,079 | 1,927 | |||||||||||||||||||||||
Unrealized gain on securities available for sale | — | 2,819 | |||||||||||||||||||||||
Postretirement benefits accrual | 640 | 605 | |||||||||||||||||||||||
Prepaid expenses | 250 | 314 | |||||||||||||||||||||||
Deferred tax liabilities | 10,089 | 12,822 | |||||||||||||||||||||||
Net deferred tax asset | $ | — | $ | — | |||||||||||||||||||||
Shareholders_Equity_Tables
Shareholders' Equity (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Equity [Abstract] | ' | ||||||||||||
Other Comprehensive Income (Loss) Components and Related Tax Effects | ' | ||||||||||||
Other comprehensive income (loss) components and related tax effects are as follows: | |||||||||||||
As of December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Dollars in thousands) | |||||||||||||
Unrealized holding gain (loss) on securities available for sale | $ | (45,869 | ) | $ | 8,827 | $ | 17,664 | ||||||
Reclassification adjustment for gains realized in income | (2,577 | ) | (6,325 | ) | (8,633 | ) | |||||||
Reclassification adjustment for prior OTTI charges | — | 13 | 89 | ||||||||||
Net unrealized gains (losses) | (48,446 | ) | 2,515 | 9,120 | |||||||||
Tax effect (35%) | — | (880 | ) | — | |||||||||
Net-of-tax amount | (48,446 | ) | 1,635 | 9,120 | |||||||||
Net gain on employee pension plan | 288 | 193 | 79 | ||||||||||
Prior service cost (credit) | — | — | 689 | ||||||||||
Amortization of prior service cost | (189 | ) | (170 | ) | (78 | ) | |||||||
99 | 23 | 690 | |||||||||||
Tax effect | — | (8 | ) | — | |||||||||
Net of tax amount | 99 | 15 | 690 | ||||||||||
$ | (48,347 | ) | $ | 1,650 | $ | 9,810 | |||||||
Summary of Accumulated Other Comprehensive Income (Loss) Balances, Net of Tax | ' | ||||||||||||
The following is a summary of accumulated other comprehensive income (loss) balances, net of tax: | |||||||||||||
Balance at | Current | Balance at | |||||||||||
December 31, | Period | December 31, | |||||||||||
2012 | Change | 2013 | |||||||||||
(Dollars in thousands) | |||||||||||||
Unrealized gain (loss) on securities available for sale | $ | 5,082 | $ | (48,446 | ) | $ | (43,364 | ) | |||||
Unrealized gains on postretirement benefits | 1,600 | 99 | 1,699 | ||||||||||
Total | $ | 6,682 | $ | (48,347 | ) | $ | (41,665 | ) | |||||
Summary of Each Component of Accumulated Other Comprehensive Income (Loss), Net Income | ' | ||||||||||||
The following is a summary of each component of accumulated other comprehensive income (loss) that was reclassified into net income during the twelve months ended December 31, 2013: | |||||||||||||
Unrealized | Postretirement | Total | |||||||||||
gains/losses on | Benefits | ||||||||||||
Available for | |||||||||||||
Sale Securities | |||||||||||||
(Dollars in thousands) | |||||||||||||
Beginning balance (12/31/2012) | $ | 5,082 | $ | 1,600 | $ | 6,682 | |||||||
Other comprehensive income (loss) before reclassification | (45,869 | ) | 288 | (45,581 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive loss | (2,577 | ) | (189 | ) | (2,766 | ) | |||||||
Net current period other comprehensive loss | (48,446 | ) | 99 | (48,347 | ) | ||||||||
Ending balance (12/31/2013) | $ | (43,364 | ) | $ | 1,699 | $ | (41,665 | ) | |||||
Summary of Reclassification Out of Each Component of Accumulated Comprehensive Income (Loss) | ' | ||||||||||||
The following is significant amounts reclassified out of each component of accumulated comprehensive income (loss) for the year ended December 31, 2013: | |||||||||||||
Details About Accumulated Other | Amount Reclassified | Affected Line Item on the Statement | |||||||||||
Comprehensive Income Components | From Accumulated | Where Net Income is Presented | |||||||||||
Other Comprehensive | |||||||||||||
Income | |||||||||||||
(Dollars in thousands) | |||||||||||||
Realized net gains on the sale of available for sale securities | $ | (2,577 | ) | Net gains on securities available for sale | |||||||||
— | Tax expense (benefit) | ||||||||||||
$ | (2,577 | ) | Net of tax | ||||||||||
Amortization of postretirement benefits | |||||||||||||
Prior service costs | (189 | ) | Salaries & employee benefits | ||||||||||
— | Tax expense (benefit) | ||||||||||||
(189 | ) | Net of tax | |||||||||||
Total reclassification during the period | $ | (2,766 | ) | ||||||||||
Regulatory_Capital_Requirement1
Regulatory Capital Requirements (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||
Actual and Statutory Required Capital Amounts and Ratios | ' | ||||||||||||||||||||||||
Actual and statutory required capital amounts and ratios for Home Savings are presented below. | |||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||
Actual | Minimum | To Be Well | |||||||||||||||||||||||
Capital | Capitalized | ||||||||||||||||||||||||
Requirements | Under Prompt | ||||||||||||||||||||||||
Per Regulation | Corrective | ||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Total risk-based capital to risk-weighted assets | $ | 200,835 | 19.76 | % | $ | 81,293 | 8 | % | $ | 101,616 | 10 | % | |||||||||||||
Tier 1 capital to risk-weighted assets | 188,029 | 18.5 | % | * | * | 60,969 | 6 | % | |||||||||||||||||
Tier 1 capital to average total assets** | 188,029 | 10.5 | % | 71,611 | 4 | % | 89,514 | 5 | % | ||||||||||||||||
* | Ratio is not required under regulations | ||||||||||||||||||||||||
** | Tier 1 Leverage Capital Ratio | ||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||
Actual | Minimum | ||||||||||||||||||||||||
Capital | |||||||||||||||||||||||||
Requirements | |||||||||||||||||||||||||
Per Bank Order | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | ||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Total risk-based capital to risk-weighted assets | $ | 174,139 | 16.21 | % | $ | 128,948 | 12 | % | |||||||||||||||||
Tier 1 capital to risk-weighted assets | 160,612 | 14.95 | % | * | * | ||||||||||||||||||||
Tier 1 capital to average total assets** | 160,612 | 8.7 | % | 166,226 | 9 | % | |||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||
Minimum | To Be Well | ||||||||||||||||||||||||
Capital | Capitalized | ||||||||||||||||||||||||
Requirements | Under Prompt | ||||||||||||||||||||||||
Per Regulation | Corrective | ||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | ||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Total risk-based capital to risk-weighted assets | $ | 85,965 | 8 | % | $ | 107,457 | 10 | % | |||||||||||||||||
Tier 1 capital to risk-weighted assets | * | * | 64,474 | 6 | % | ||||||||||||||||||||
Tier 1 capital to average total assets** | 73,878 | 4 | % | 92,348 | 5 | % | |||||||||||||||||||
* | Ratio is not required under regulations | ||||||||||||||||||||||||
** | Tier 1 Leverage Capital Ratio |
Benefit_Plans_Tables
Benefit Plans (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Postemployment Benefits [Abstract] | ' | ||||||||||||
Summary of Changes in Benefit Obligation | ' | ||||||||||||
Information about changes in obligations of the benefit plan follows: | |||||||||||||
Year ended | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
(Dollars in thousands) | |||||||||||||
Change in Benefit Obligation: | |||||||||||||
Benefit obligation at beginning of year | $ | 1,854 | $ | 1,981 | |||||||||
Service cost | — | — | |||||||||||
Interest cost | (136 | ) | (95 | ) | |||||||||
Actuarial gain | (99 | ) | (23 | ) | |||||||||
Benefits paid | (129 | ) | (9 | ) | |||||||||
Benefit obligation at end of the year | $ | 1,490 | $ | 1,854 | |||||||||
Funded status of the plan | $ | (1,490 | ) | $ | (1,854 | ) | |||||||
Component Accumulated Benefit Obligation | ' | ||||||||||||
Amounts recognized in accumulated other comprehensive income, at December 31, 2013 and 2012 consists of the following: | |||||||||||||
The year ended | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
(Dollars in thousands) | |||||||||||||
Net actuarial gains | $ | 534 | $ | 612 | |||||||||
Prior service credit | 1,294 | 1,117 | |||||||||||
$ | 1,828 | $ | 1,729 | ||||||||||
Components of Net Periodic Benefit Cost/(Gain) | ' | ||||||||||||
Components of net periodic benefit cost/(gain) are as follows: | |||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Dollars in thousands) | |||||||||||||
Service cost | $ | — | $ | — | $ | — | |||||||
Interest cost | 53 | 75 | 132 | ||||||||||
Expected return on plan assets | — | — | — | ||||||||||
Net amortization of prior service cost (benefit) | (77 | ) | (78 | ) | (78 | ) | |||||||
Amortization of net actuarial gain | (112 | ) | (92 | ) | — | ||||||||
Net periodic benefit cost | (136 | ) | (95 | ) | 54 | ||||||||
Net (gain) loss | (288 | ) | (193 | ) | (79 | ) | |||||||
Prior service credit | — | — | (689 | ) | |||||||||
Amortization of prior service cost | 189 | 170 | 78 | ||||||||||
Total recognized in other comprehensive income | (99 | ) | (23 | ) | (690 | ) | |||||||
Total recognized in net periodic benefit cost and other comprehensive income | $ | (235 | ) | $ | (118 | ) | $ | (636 | ) | ||||
Assumptions used in the valuations were as follows: | |||||||||||||
Weighted average discount rate | 3.95 | % | 3 | % | 4 | % | |||||||
Effects of a One-Percentage Point Change in Assumed in Health Care Cost Trend Rates | ' | ||||||||||||
A one-percentage point change in assumed health care cost trend rates would have the following effects as of December 31, 2013: | |||||||||||||
1 Percentage | 1 Percentage | ||||||||||||
Point Increase | Point Decrease | ||||||||||||
(Dollars in thousands) | |||||||||||||
Effect on total of service and interest cost components | $ | 3 | $ | (3 | ) | ||||||||
Effect on the postretirement benefit obligation | 80 | (73 | ) | ||||||||||
Anticipated Benefits Payable Over the Next Ten Years | ' | ||||||||||||
United Community anticipates benefits payable over the next ten years as follows: | |||||||||||||
(Dollars in thousands) | |||||||||||||
2014 | $ | 152 | |||||||||||
2015 | 148 | ||||||||||||
2016 | 143 | ||||||||||||
2017 | 138 | ||||||||||||
2018 | 132 | ||||||||||||
2019-2023 | 579 | ||||||||||||
Total | $ | 1,292 | |||||||||||
Summary of Activity in the Plans | ' | ||||||||||||
A summary of activity in the plans is as follows: | |||||||||||||
For the year ended December 31, | |||||||||||||
2013 | |||||||||||||
Shares | Weighted average | Aggregate intrinsic | |||||||||||
exercise price | value | ||||||||||||
(Dollars in thousands) | |||||||||||||
Outstanding at beginning of year | 1,309,942 | $ | 5.77 | ||||||||||
Granted | 17,787 | 3.63 | |||||||||||
Exercised | (104,142 | ) | 2.01 | ||||||||||
Exercised and exchanged | (19,458 | ) | 2.03 | ||||||||||
Forfeited | (255,439 | ) | 8.66 | ||||||||||
Outstanding at end of period | 948,690 | $ | 5.44 | $ | 917 | ||||||||
Options exercisable at end of period | 924,006 | $ | 5.51 | $ | 900 | ||||||||
Information Related to the Stock Options Granted Under the 1999 Plan and the 2007 Plan | ' | ||||||||||||
Information related to the stock options granted under the 1999 Plan and the 2007 Plan during each year follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Intrinsic value of options exercised | $ | 304,516 | $ | 31,000 | $ | — | |||||||
Cash received from option exercises | 155,320 | 2,100 | — | ||||||||||
Tax benefit realized from option exercises | — | — | — | ||||||||||
Weighted average fair value of options granted | 2.44 | 1.38 | 0.87 | ||||||||||
Weighted-Average Assumptions for Determining Fair Value of Options Granted in 2012 | ' | ||||||||||||
The fair value of options granted in 2013 was determined using the following weighted-average assumptions as of the grant date: | |||||||||||||
Risk-free interest rate | 0.99 | % | |||||||||||
Expected term (years) | 5 | ||||||||||||
Expected stock volatility | 85.75 | % | |||||||||||
Dividend yield | 0 | % | |||||||||||
Summary of Changes in the Company's Nonvested Restricted Shares | ' | ||||||||||||
A summary of changes in the Company’s nonvested restricted shares for the year is as follows: | |||||||||||||
Shares | Weighted | ||||||||||||
average grant | |||||||||||||
date fair value | |||||||||||||
Nonvested shares at January 1, 2013 | 129,321 | $ | 2.86 | ||||||||||
Granted | 191,607 | 3.67 | |||||||||||
Vested | (63,470 | ) | 2.68 | ||||||||||
Forfeited | (64,521 | ) | 3.56 | ||||||||||
Nonvested shares at December 31, 2013 | 192,937 | $ | 3.49 | ||||||||||
Fair_Value_Tables
Fair Value (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Assets and Liabilities Measured at Fair Value on Recurring Basis | ' | ||||||||||||||||
Assets and Liabilities Measured on a Recurring Basis: Assets and liabilities measured at fair value on a recurring basis are summarized below: | |||||||||||||||||
Fair Value Measurements at December 31, 2013 Using: | |||||||||||||||||
December 31, | Quoted Prices in | Significant | Significant | ||||||||||||||
2013 | Active Markets | Other | Unobservable | ||||||||||||||
for Identical | Observable | Inputs | |||||||||||||||
Assets | Inputs | (Level 3) | |||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Available for sale securities | |||||||||||||||||
US Treasury and government sponsored entities’ securities | $ | 222,293 | $ | — | $ | 222,293 | $ | — | |||||||||
Equity securities | 445 | 445 | — | — | |||||||||||||
Mortgage-backed GSE securities: residential | 288,268 | — | 288,268 | — | |||||||||||||
Interest rate caps | 546 | — | — | 546 | |||||||||||||
Purchased certificate of deposit option | 155 | — | 155 | — | |||||||||||||
Liabilities | |||||||||||||||||
Written certificate of deposit option | 155 | — | 155 | — | |||||||||||||
Fair Value Measurements at December 31, 2012 Using: | |||||||||||||||||
December 31, | Quoted Prices in | Significant | Significant | ||||||||||||||
2012 | Active Markets | Other | Unobservable | ||||||||||||||
for Identical | Observable | Inputs | |||||||||||||||
Assets | Inputs | (Level 3) | |||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Available for sale securities | |||||||||||||||||
US Treasury and government sponsored entities’ securities | $ | 163,692 | $ | — | $ | 163,692 | $ | — | |||||||||
Equity securities | 313 | 313 | — | — | |||||||||||||
Mortgage-backed GSE securities: residential | 410,557 | — | 410,557 | — | |||||||||||||
Interest rate caps | 436 | — | — | 436 | |||||||||||||
Reconciliation of All Assets Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) | ' | ||||||||||||||||
The table below presents a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the years ended December 31, 2013 and 2012, in thousands: | |||||||||||||||||
Interest Rate Caps | |||||||||||||||||
Twelve Months Ended | Twelve Months Ended | ||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Balance of recurring Level 3 assets at beginning of period | $ | 436 | $ | 1,933 | |||||||||||||
Total gains (losses) for the period | |||||||||||||||||
Included in other income | 628 | (979 | ) | ||||||||||||||
Included in other comprehensive income | — | — | |||||||||||||||
Purchases | — | — | |||||||||||||||
Amortization | (518 | ) | (518 | ) | |||||||||||||
Sales | — | — | |||||||||||||||
Balance of recurring Level 3 assets at end of period | $ | 546 | $ | 436 | |||||||||||||
Quantitative Information About Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on Nonrecurring Basis | ' | ||||||||||||||||
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at December 31, 2013: | |||||||||||||||||
Fair | Valuation Technique(s) | Unobservable Input(s) | Range (Average) | ||||||||||||||
Value | |||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Permanent real estate | |||||||||||||||||
loans | $ | 2,219 | Sales comparison approach | Adjustment for differences | 0.00%-56.90% | ||||||||||||
between comparable sales | -11.78% | ||||||||||||||||
Income approach | Adjustment for differences | 3.95%-14.62% | |||||||||||||||
in net operating income | -9.41% | ||||||||||||||||
Capitalization rate | |||||||||||||||||
Construction loans | |||||||||||||||||
1,587 | Sales comparison approach | Adjustment for differences | 0.00%-25.00% | ||||||||||||||
between comparable sales | -11.90% | ||||||||||||||||
Consumer loans | |||||||||||||||||
339 | Sales comparison approach | Adjustment for differences | 0.00%-10.00% | ||||||||||||||
between comparable sales | -5.00% | ||||||||||||||||
Foreclosed assets: | |||||||||||||||||
Permanent real estate | 1,939 | Sales comparison approach | Adjustment for differences | 6.00%-46.53% | |||||||||||||
loans | between comparable sales | -17.76% | |||||||||||||||
Construction loans | 6.54%-26.63% | ||||||||||||||||
2,310 | Sales comparison approach | Adjustment for differences | -9.24% | ||||||||||||||
between comparable sales | |||||||||||||||||
Assets Measured on Non-recurring Basis | ' | ||||||||||||||||
Assets measured at fair value on a non-recurring basis are summarized below: | |||||||||||||||||
Fair Value Measurements at December 31, 2013 Using: | |||||||||||||||||
December 31, | Quoted Prices in | Significant | Significant | ||||||||||||||
2013 | Active Markets | Other | Unobservable | ||||||||||||||
for Identical | Observable | Inputs | |||||||||||||||
Assets | Inputs | (Level 3) | |||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Permanent real estate loans | $ | 2,219 | $ | — | $ | — | $ | 2,219 | |||||||||
Construction loans | 1,587 | — | — | 1,587 | |||||||||||||
Consumer loans | 339 | — | — | 339 | |||||||||||||
Other real estate owned, net: | |||||||||||||||||
Permanent real estate loans | 1,939 | — | — | 1,939 | |||||||||||||
Construction loans | 2,310 | — | — | 2,310 | |||||||||||||
Fair Value Measurements at December 31, 2012 Using: | |||||||||||||||||
December 31, | Quoted Prices in | Significant | Significant | ||||||||||||||
2012 | Active Markets | Other | Unobservable | ||||||||||||||
for Identical | Observable | Inputs | |||||||||||||||
Assets | Inputs | (Level 3) | |||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Permanent real estate loans | $ | 6,166 | $ | — | $ | — | $ | 6,166 | |||||||||
Construction loans | 3,489 | — | — | 3,489 | |||||||||||||
Commercial loans | 257 | — | — | 257 | |||||||||||||
Mortgage servicing assets | 4,920 | — | 4,920 | — | |||||||||||||
Other real estate owned, net: | |||||||||||||||||
Permanent real estate loans | 3,172 | — | — | 3,172 | |||||||||||||
Construction loans | 6,918 | — | — | 6,918 | |||||||||||||
Carrying Value and Estimated Fair Values of Financial Instruments | ' | ||||||||||||||||
In accordance with generally accepted accounting principles, the carrying value and estimated fair values of financial instruments at December 31, 2013 and December 31, 2012, were as follows: | |||||||||||||||||
December 31, | Fair Value Measurements at December 31, 2013 Using: | ||||||||||||||||
2013 | |||||||||||||||||
Carrying | |||||||||||||||||
Value | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 77,331 | $ | 77,331 | $ | — | $ | — | |||||||||
Available for sale securities | 511,006 | 445 | 510,561 | — | |||||||||||||
Loans held for sale | 4,838 | — | 4,866 | — | |||||||||||||
Loans, net | 1,029,192 | — | — | 1,031,491 | |||||||||||||
FHLB stock | 26,464 | n/a | n/a | n/a | |||||||||||||
Accrued interest receivable | 5,694 | — | 2,584 | 3,110 | |||||||||||||
Interest rate caps | 546 | — | — | 546 | |||||||||||||
Purchased certificate of deposit option | 155 | — | 155 | — | |||||||||||||
Liabilities: | |||||||||||||||||
Deposits: | |||||||||||||||||
Checking, savings and money market accounts | (899,481 | ) | (899,481 | ) | — | — | |||||||||||
Certificates of deposit | (492,271 | ) | — | (500,651 | ) | — | |||||||||||
FHLB advances | (50,000 | ) | — | (55,327 | ) | — | |||||||||||
Repurchase agreements and other | (90,578 | ) | — | (98,462 | ) | — | |||||||||||
Advance payments by borrowers for taxes and insurance | (20,060 | ) | — | (20,060 | ) | — | |||||||||||
Accrued interest payable | (550 | ) | — | (550 | ) | — | |||||||||||
Written certificate of deposit option | (155 | ) | — | (155 | ) | — | |||||||||||
December 31, | Fair Value Measurements at December 31, 2012 Using: | ||||||||||||||||
2012 | |||||||||||||||||
Carrying | |||||||||||||||||
Value | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 42,613 | $ | 42,613 | $ | — | $ | — | |||||||||
Available for sale securities | 574,562 | 313 | 574,249 | — | |||||||||||||
Loans held for sale | 13,031 | — | 13,428 | — | |||||||||||||
Loans, net | 1,066,240 | — | — | 1,087,205 | |||||||||||||
FHLB stock | 26,464 | n/a | n/a | n/a | |||||||||||||
Accrued interest receivable | 6,238 | — | 2,380 | 3,858 | |||||||||||||
Interest rate caps | 436 | — | — | 436 | |||||||||||||
Liabilities: | |||||||||||||||||
Deposits: | |||||||||||||||||
Checking, savings and money market accounts | (902,776 | ) | (902,776 | ) | — | — | |||||||||||
Certificates of deposit | (559,298 | ) | — | (571,836 | ) | — | |||||||||||
FHLB advances | (50,000 | ) | — | (57,077 | ) | — | |||||||||||
Repurchase agreements and other | (90,598 | ) | — | (102,086 | ) | — | |||||||||||
Advance payments by borrowers for taxes and insurance | (23,590 | ) | — | (23,590 | ) | — | |||||||||||
Accrued interest payable | (563 | ) | — | (563 | ) | — | |||||||||||
Interest Rate Caps [Member] | ' | ||||||||||||||||
Quantitative Information About Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on Nonrecurring Basis | ' | ||||||||||||||||
The following table presents quantitative information about recurring Level 3 fair value measurements at December 31, 2013: | |||||||||||||||||
Fair | Valuation | Unobservable | Range | ||||||||||||||
Value | Technique(s) | Input(s) | |||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Interest rate caps | $ | 546 | Discounted cash flow | Discount rate | 0.35% - 1.18% |
Statement_of_Cash_Flows_Supple1
Statement of Cash Flows Supplemental Disclosure (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Supplemental Cash Flow Elements [Abstract] | ' | ||||||||||||
Supplemental Disclosures of Cash Flow Information | ' | ||||||||||||
Supplemental disclosures of cash flow information are summarized below: | |||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Dollars in thousands) | |||||||||||||
Supplemental disclosures of cash flow information: | |||||||||||||
Cash paid (refunded) during the year for: | |||||||||||||
Interest on deposits and borrowings | $ | 13,426 | $ | 18,053 | $ | 31,411 | |||||||
Income taxes (refunds) | 1,300 | — | (3,537 | ) | |||||||||
Supplemental schedule of noncash activities: | |||||||||||||
Loans transferred to held for sale | — | 1,214 | 95,194 | ||||||||||
Transfers from loans to real estate owned | 1,860 | 7,181 | 19,178 | ||||||||||
Transfers from real estate owned to premises and equipment | — | 1,746 | — | ||||||||||
Transfers from premises and equipment to assets held for sale | — | — | 1,750 | ||||||||||
Amortization of preferred stock discount | 6,751 | — | — | ||||||||||
Conversion of preferred stock to common stock | 21,841 | — | — |
Derivatives_Tables
Derivatives (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ||||||||
Summary Information About the Interest Rate Caps Not Designated Hedges | ' | ||||||||
Summary information about the interest rate caps not designated hedges as of December 31, 2013 and 2012 is as follows: | |||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
(Dollars in thousands) | |||||||||
Notional amounts | $ | 100,000 | $ | 100,000 | |||||
Weighted average strike rate, based on three-month LIBOR | 1.5 | % | 1.5 | % | |||||
Weighted average maturity remaining | 2.75 years | 3.75 years | |||||||
Fair value of combined interest rate caps | $ | 546 | $ | 436 | |||||
Net Gains/(Losses) Recorded in Noninterest Income Relating to Instruments Not Designated as Hedges | ' | ||||||||
The following table presents net gains/(losses) recorded in noninterest income relating to instruments not designated as hedges: | |||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
(Dollars in thousands) | |||||||||
Interest rate caps | $ | 110 | $ | (1,497 | ) | ||||
Summary Information About Purchased and Written Options | ' | ||||||||
Summary information about purchased and written options is as follows: | |||||||||
December 31, 2013 | |||||||||
(Dollars in thousands) | |||||||||
Notion amount of purchased/written option | $ | 2,015 | |||||||
Weighted average maturity | 5.8 years | ||||||||
Fair value of purchased/written option | $ | 155 | |||||||
Freestanding Derivative Assets and Liabilities Not Designated as Hedges | ' | ||||||||
The following table reflects the fair value and location in the consolidated statement of financial condition of interest rate caps, along with purchased and written certificates of deposit options: | |||||||||
Included in other assets: | |||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
(Dollars in thousands) | |||||||||
Freestanding derivative assets not designated as hedges: | |||||||||
Interest rate caps | $ | 546 | $ | 436 | |||||
Purchased certificate of deposit option | 155 | — | |||||||
Included in other liabilities: | |||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
(Dollars in thousands) | |||||||||
Freestanding derivative assets not designated as hedges: | |||||||||
Written certificate of deposit option | $ | 155 | $ | — |
Parent_Company_Financial_State1
Parent Company Financial Statements (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||
Condensed Statements of Financial Condition | ' | ||||||||||||
Condensed Statements of Financial Condition | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
(Dollars in thousands) | |||||||||||||
Assets | |||||||||||||
Cash and deposits with banks | $ | 28,889 | $ | 1,246 | |||||||||
Federal funds sold and other | 17 | 12 | |||||||||||
Total cash and cash equivalents | 28,906 | 1,258 | |||||||||||
Securities: | |||||||||||||
Available for sale | 445 | 313 | |||||||||||
Investment in subsidiary-Home Savings | 146,276 | 167,424 | |||||||||||
Other assets | 46 | 2,104 | |||||||||||
Total assets | $ | 175,673 | $ | 171,099 | |||||||||
Liabilities and Shareholders’ Equity | |||||||||||||
Accrued expenses and other liabilities | $ | 599 | $ | 339 | |||||||||
Total liabilities | 599 | 339 | |||||||||||
Total shareholders’ equity | 175,074 | 170,760 | |||||||||||
Total liabilities and shareholders’ equity | $ | 175,673 | $ | 171,099 | |||||||||
Condensed Statements of Income and Comprehensive Income | ' | ||||||||||||
Condensed Statements of Income and Comprehensive Income | |||||||||||||
Year ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Dollars in thousands) | |||||||||||||
Income | |||||||||||||
Interest income | $ | 5 | $ | 7 | $ | 5 | |||||||
Non-interest income (loss) | — | (13 | ) | (65 | ) | ||||||||
Total income (loss) | 5 | (6 | ) | (60 | ) | ||||||||
Expenses | |||||||||||||
Non-interest expenses | 957 | 693 | 775 | ||||||||||
Total expenses | 957 | 693 | 775 | ||||||||||
Loss before income taxes | (952 | ) | (699 | ) | (835 | ) | |||||||
Income tax benefit | — | (22 | ) | — | |||||||||
Loss before equity in undistributed net earnings of subsidiaries | (952 | ) | (677 | ) | (835 | ) | |||||||
Increase (decrease) in undistributed earnings of subsidiaries | 10,979 | (19,760 | ) | 1,065 | |||||||||
Net income (loss) | $ | 10,027 | $ | (20,437 | ) | $ | 230 | ||||||
Comprehensive income (loss) | $ | (38,320 | ) | $ | (18,787 | ) | $ | 10,040 | |||||
Condensed Statements of Cash Flows | ' | ||||||||||||
Condensed Statements of Cash Flows | |||||||||||||
Year ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(Dollars in thousands) | |||||||||||||
Cash Flows from Operating Activities | |||||||||||||
Net income (loss) | $ | 10,027 | $ | (20,437 | ) | $ | 230 | ||||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||
(Increase) decrease in undistributed earnings of the subsidiaries | (10,979 | ) | 19,760 | (1,065 | ) | ||||||||
Security impairment charges on equity investments | — | 13 | 89 | ||||||||||
Decrease (increase) in other assets | 2,058 | (1,556 | ) | (467 | ) | ||||||||
Stock based compensation | — | — | 49 | ||||||||||
Increase (decrease) in other liabilities | 45 | (103 | ) | 30 | |||||||||
Net cash from operating activities | 1,151 | (2,323 | ) | (1,134 | ) | ||||||||
Cash Flows from Investing Activities | |||||||||||||
Sales of: | |||||||||||||
Securities available for sale | — | — | 33 | ||||||||||
Equity investment in Home Savings | (16,000 | ) | — | — | |||||||||
Net cash from investing activities | (16,000 | ) | — | 33 | |||||||||
Cash Flows from Financing Activities | |||||||||||||
Issuance of preferred stock | 21,841 | — | — | ||||||||||
Issuance of common stock, net of issuance costs | 20,501 | — | 2,059 | ||||||||||
Proceeds from the exercise of stock options | 155 | 2 | — | ||||||||||
Net cash from financing activities | 42,497 | 2 | 2,059 | ||||||||||
Change in cash and cash equivalents | 27,648 | (2,321 | ) | 958 | |||||||||
Cash and cash equivalents, beginning of year | 1,258 | 3,579 | 2,621 | ||||||||||
Cash and cash equivalents, end of year | $ | 28,906 | $ | 1,258 | $ | 3,579 | |||||||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Computation of Earnings Per Share | ' | ||||||||||||
Twelve months ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
(In thousands, except per share data) | |||||||||||||
Net (loss) income per consolidated statements of income | $ | 10,027 | $ | (20,437 | ) | $ | 230 | ||||||
Net loss allocated to participating securities | (36 | ) | (59 | ) | — | ||||||||
Amortization of discount on preferred stock | (6,751 | ) | — | — | |||||||||
Net (loss) income allocated to common stock | $ | 3,240 | $ | (20,378 | ) | $ | 230 | ||||||
Basic earnings (loss) per common share computation: | |||||||||||||
Distributed earnings allocated to common stock | $ | — | $ | — | $ | — | |||||||
Undistributed (loss) earnings allocated to common stock | 3,240 | (20,378 | ) | 230 | |||||||||
Net (loss) earnings allocated to common stock | $ | 3,240 | $ | (20,378 | ) | $ | 230 | ||||||
Weighted average common shares outstanding, including shares considered participating securities | 44,423 | 32,805 | 31,075 | ||||||||||
Less: Average participating securities | (161 | ) | (94 | ) | (49 | ) | |||||||
Weighted average shares | 44,262 | 32,711 | 31,026 | ||||||||||
Basic (loss) earnings per common share | $ | 0.07 | $ | (0.62 | ) | $ | 0.01 | ||||||
Diluted earnings (loss) per common share computation: | |||||||||||||
Net (loss) earnings allocated to common stock | $ | 3,240 | $ | (20,378 | ) | $ | 230 | ||||||
Weighted average common shares outstanding for basic earnings per common share | 44,262 | 32,711 | 31,026 | ||||||||||
Add: Dilutive effects of assumed exercises of stock options | 271 | — | — | ||||||||||
Weighted average shares and dilutive potential common shares | 44,533 | 32,711 | 31,026 | ||||||||||
Diluted (loss) earnings per common share | $ | 0.07 | $ | (0.62 | ) | $ | 0.01 | ||||||
Summary of BCF Resulting from Issuance of Preferred Shares | ' | ||||||||||||
The BCF resulting from the issuance of the preferred shares of United Community is calculated as follows: | |||||||||||||
(in thousands) | |||||||||||||
Total common shares that may be issued upon conversion of preferred shares | 7,942 | ||||||||||||
Intrinsic value (difference between consideration allocated to preferred stock upon conversion at $2.75 per share and market price of $3.60 per share on March 22, 2013) | $ | 0.85 | |||||||||||
Beneficial conversion feature | $ | 6,751 | |||||||||||
Quarterly_Financial_Informatio1
Quarterly Financial Information (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||
Summary of Quarterly Data | ' | ||||||||||||||||||||
The following table presents summarized quarterly data for each of the years indicated. | |||||||||||||||||||||
Unaudited | |||||||||||||||||||||
2013:00:00 | First | Second | Third | Fourth | Total | ||||||||||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||||||||||
(Dollars in thousands, except per share data) | |||||||||||||||||||||
Interest income | $ | 16,436 | $ | 15,987 | $ | 16,009 | $ | 16,312 | $ | 64,744 | |||||||||||
Interest expense | 3,519 | 3,351 | 3,305 | 3,238 | 13,413 | ||||||||||||||||
Net interest income | 12,917 | 12,636 | 12,704 | 13,074 | 51,331 | ||||||||||||||||
Provision for loan losses | 2,064 | 1,113 | 657 | (1) | 282 | 4,116 | |||||||||||||||
Net interest income after provision for loan losses | 10,853 | 11,523 | 12,047 | 12,792 | 47,215 | ||||||||||||||||
Non-interest income | 5,693 | 6,384 | 3,548 | (2) | 4,124 | 19,749 | |||||||||||||||
Non-interest expenses | 13,864 | 14,368 | 13,528 | 14,977 | 56,737 | ||||||||||||||||
Income before taxes | 2,682 | 3,539 | 2,067 | 1,939 | 10,227 | ||||||||||||||||
Income tax expense (benefit)(3) | — | 150 | 350 | (300 | ) | 200 | |||||||||||||||
Net income (loss) | $ | 2,682 | $ | 3,389 | $ | 1,717 | $ | 2,239 | $ | 10,027 | |||||||||||
Earnings (loss) per share: | |||||||||||||||||||||
Basic earnings (loss) | $ | 0.06 | $ | (0.06 | ) | $ | 0.03 | $ | 0.04 | $ | 0.07 | ||||||||||
Diluted earnings (loss) | 0.06 | (0.06 | ) | 0.03 | 0.04 | 0.07 | |||||||||||||||
1 | The decrease in provision for loan losses in the third quarter was due primarily to a recovery of $1.9 million resulting from the sale of one nonperforming loan. | ||||||||||||||||||||
2 | The decline in noninterest income in the third quarter was driven by no gains recognized on sales of available for sale securities. Further impacting the decline was lower mortgage banking income due to fewer loans originated for sale. The rise in longer-term rates in the second quarter negatively impacted the volume of loans originated for sale in the subsequent quarters. | ||||||||||||||||||||
3 | The Company recognized income tax expense of $200,000 for the year ended December 31, 2013 as a result of a 2013 alternative minimum tax (AMT) liability. While the Company has significant net operating loss (NOL) carryforwards available to offset taxable income for both regular tax and AMT purposes, tax laws only permit the AMT NOL carryforward to offset 90% of current year taxable income for purposes of determining the AMT liability. Thus, an AMT liability of $200,000 was generated for the current year by applying the AMT rate of 20% to AMT taxable income. While tax laws permit the Company to carry forward this $200,000 in the form of an AMT credit to be used in future periods, the resulting deferred tax benefit is fully offset by a valuation allowance. The changes related to income tax expense, from quarter to quarter, are due to changes in estimates of AMT taxable income during the year. | ||||||||||||||||||||
Unaudited | |||||||||||||||||||||
2012:00:00 | First | Second | Third | Fourth | Total | ||||||||||||||||
Quarter | Quarter | Quarter | Quarter | ||||||||||||||||||
(Dollars in thousands, except per share data) | |||||||||||||||||||||
Interest income | $ | 21,562 | $ | 20,894 | $ | 18,191 | $ | 17,797 | $ | 78,444 | |||||||||||
Interest expense | 5,683 | 4,474 | 4,063 | 3,786 | 18,006 | ||||||||||||||||
Net interest income | 15,879 | 16,420 | 14,128 | 14,011 | 60,438 | ||||||||||||||||
Provision for loan losses | 680 | 6,264 | 30,279 | (1) | 2,102 | 39,325 | |||||||||||||||
Net interest income after provision for loan losses | 15,199 | 10,156 | (16,151 | ) | 11,909 | 21,113 | |||||||||||||||
Non-interest income | 5,091 | 6,949 | 3,752 | (2) | 6,939 | 22,731 | |||||||||||||||
Non-interest expenses | 16,494 | 17,043 | 17,330 | 14,302 | 65,169 | ||||||||||||||||
Income (loss) before taxes | 3,796 | 62 | (29,729 | ) | 4,546 | (21,325 | ) | ||||||||||||||
Income tax expense (benefit)(3) | — | — | (2,838 | ) | 1,950 | (888 | ) | ||||||||||||||
Net income (loss) | $ | 3,796 | $ | 62 | $ | (26,891 | ) | $ | 2,596 | $ | (20,437 | ) | |||||||||
Earnings (loss) per share: | |||||||||||||||||||||
Basic earnings (loss) | $ | 0.12 | $ | — | $ | (0.82 | ) | $ | 0.08 | $ | (0.62 | ) | |||||||||
Diluted earnings (loss) | 0.12 | — | (0.82 | ) | 0.08 | (0.62 | ) | ||||||||||||||
1 | The increase in provision for loan losses in the third quarter was due primarily to a bulk sale of nonperforming assets. | ||||||||||||||||||||
2 | The decline in noninterest income in the third quarter was driven by lower gains recognized on a lower volume of sales of available for sale securities. Further impacting the decline was the recognition in the third quarter of the valuation allowance on certain properties to absorb estimated closing costs at the time of disposal. | ||||||||||||||||||||
3 | The Company recognized a tax benefit of $888,000 for the year ended December 31, 2012, because it was both (i) in a pre-tax operating loss position, and (ii) had unrealized gains on available for sale securities in its securities portfolio that were recorded in other comprehensive income. Beginning in the third quarter, the Company both recognized a pre-tax operating loss and at the same time, had unrealized gains on available for sale securities recorded in other comprehensive income. As a result, the tax benefit recognized in the third quarter was equal to the current year-to-date change (through September) in other comprehensive income multiplied by the Company’s statutory tax rate of 35%. In the fourth quarter, the year-to-date change in other comprehensive income had compressed, causing a reduction in the benefit previously recognized, and resulting in income tax expense for the quarter. |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies - Additional Information (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Branch | ||
Office | ||
Summary Of Significant Accounting Policies [Line Items] | ' | ' |
Number of full-service branches | 33 | ' |
Number of loan production offices | 10 | ' |
Percentage value of estimated real estate | 90.00% | ' |
Goodwill | $0 | $0 |
Recognized tax benefit | 50.00% | ' |
Postretirement medical benefits number of years of service for eligibility | '20 years | ' |
Postretirement medical benefits number of age of service for eligibility | '60 years | ' |
Number of shares remaining to allocate ESOP participants | 0 | ' |
Minimum [Member] | Buildings [Member] | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' |
Term of lease | '20 years | ' |
Minimum [Member] | Furniture and Fixtures [Member] | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' |
Term of lease | '3 years | ' |
Maximum [Member] | Buildings [Member] | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' |
Term of lease | '40 years | ' |
Maximum [Member] | Furniture and Fixtures [Member] | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' |
Term of lease | '5 years | ' |
Cash_and_Cash_Equivalents_Addi
Cash and Cash Equivalents - Additional Information (Detail) (Vault Cash [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Vault Cash [Member] | ' | ' |
Cash and Cash Equivalents [Line Items] | ' | ' |
Non interest bearing reserve balances | $12.70 | $13.80 |
Regulatory_Enforcement_Action_
Regulatory Enforcement Action - Additional Information (Detail) (USD $) | Mar. 31, 2013 | Jan. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 21, 2012 | Jun. 30, 2012 | 31-May-11 |
In Millions, unless otherwise specified | |||||||
Regulatory Authorities [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Reduction of classified assets percentage within six months | ' | ' | ' | ' | ' | ' | 75.00% |
Reduction of classified assets amount within six months | ' | ' | ' | $219 | ' | ' | ' |
Reduction of classified assets percentage within twelve months | ' | ' | ' | ' | ' | ' | 50.00% |
Reduction of classified assets amount within twelve months | $146 | ' | ' | ' | $147.30 | ' | ' |
Tier 1 leverage capital ratio | ' | 8.50% | 8.70% | ' | ' | 9.00% | ' |
Total risk-based capital ratio | ' | 12.00% | ' | ' | ' | 12.00% | ' |
Securities_Components_of_Avail
Securities - Components of Available for Sale Portfolio (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total amortized cost | $551,399 | $566,509 |
Available-for-sale securities, Gross unrealized gains | 375 | 8,763 |
Available-for-sale securities, Gross unrealized losses | -40,768 | -710 |
Total fair value | 511,006 | 574,562 |
U.S. Treasury and Government Sponsored Entities' [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total amortized cost | 247,863 | 161,845 |
Available-for-sale securities, Gross unrealized gains | ' | 2,409 |
Available-for-sale securities, Gross unrealized losses | -25,570 | -562 |
Total fair value | 222,293 | 163,692 |
Equity Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total amortized cost | 101 | 101 |
Available-for-sale securities, Gross unrealized gains | 344 | 212 |
Available-for-sale securities, Gross unrealized losses | ' | ' |
Total fair value | 445 | 313 |
Mortgage-Backed GSE Securities: Residential [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total amortized cost | 303,435 | 404,563 |
Available-for-sale securities, Gross unrealized gains | 31 | 6,142 |
Available-for-sale securities, Gross unrealized losses | -15,198 | -148 |
Total fair value | $288,268 | $410,557 |
Securities_Debt_Securities_Ava
Securities - Debt Securities Available for Sale by Contractual Maturity (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Schedule of Available-for-sale Securities [Line Items] | ' |
Due in one year or less, amortized cost | $500 |
Due after one year through five years, amortized cost | ' |
Due after five years through ten years, amortized cost | 170,614 |
Due after ten years, amortized cost | 76,749 |
Total amortized cost | 551,298 |
Due in one year or less, fair value | 501 |
Due after one year through five years, fair value | ' |
Due after five years through ten years, fair value | 154,601 |
Due after ten years, fair value | 67,191 |
Total fair value | 510,561 |
Mortgage-Backed GSE Securities: Residential [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Mortgage-backed GSE securities: residential, amortized cost | 303,435 |
Mortgage-backed GSE securities: residential, fair value | $288,268 |
Securities_Summary_of_Proceeds
Securities - Summary of Proceeds, Gross Realized Gains, Losses and Impairment Charges of Available for Sale Securities (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Amortized Cost And Fair Value Debt Securities [Abstract] | ' | ' | ' |
Proceeds | $137,467 | $343,000 | $428,396 |
Gross gains | 2,712 | 6,325 | 8,662 |
Gross losses | -135 | ' | -29 |
Impairment charges | ' | ($13) | ($89) |
Securities_Additional_Informat
Securities - Additional Information (Detail) (USD $) | 12 Months Ended | 12 Months Ended | 8 Months Ended | |||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
Visa Stock [Member] | Visa Stock [Member] | Ohio Linked Deposit Program [Member] | Ohio Linked Deposit Program [Member] | US Treasury Securities [Member] | US Treasury Securities [Member] | US Treasury Securities [Member] | ||||
Minimum [Member] | Maximum [Member] | |||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Tax benefit (provision) related to net realized gains and losses | $0 | $0 | $0 | ' | ' | ' | ' | ' | ' | ' |
Securities pledged for Company's participation in the VISA payment processing program | ' | ' | ' | 0 | 5,800,000 | ' | ' | ' | ' | ' |
Securities pledged for investment in Ohio Linked Deposit Program | ' | ' | ' | ' | ' | 382,000 | 417,000 | ' | ' | ' |
Term of treasury security | '7 years 2 months 12 days | ' | ' | ' | ' | ' | ' | '10 years | ' | ' |
Treasury security yield | ' | ' | ' | ' | ' | ' | ' | ' | 1.70% | 3.04% |
Other than temporary impairment (OTTI) charge on equity investments | ' | $13,000 | $89,000 | ' | ' | ' | ' | ' | ' | ' |
Securities_Securities_Availabl
Securities - Securities Available for Sale in Unrealized Loss Position (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value, Less Than 12 Months | $433,947 | $114,500 |
Unrealized Loss, Less Than 12 Months | -32,040 | -710 |
Fair Value, 12 Months or More | 75,365 | ' |
Unrealized Loss, 12 Months or More | -8,728 | ' |
Total Fair Value | 509,312 | 114,500 |
Total, Unrealized Loss | -40,768 | -710 |
U.S. Treasury and Government Sponsored Entities' [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value, Less Than 12 Months | 193,746 | 42,480 |
Unrealized Loss, Less Than 12 Months | -21,360 | -562 |
Fair Value, 12 Months or More | 28,046 | ' |
Unrealized Loss, 12 Months or More | -4,210 | ' |
Total Fair Value | 221,792 | 42,480 |
Total, Unrealized Loss | -25,570 | -562 |
Mortgage-Backed GSE Securities: Residential [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value, Less Than 12 Months | 240,201 | 72,020 |
Unrealized Loss, Less Than 12 Months | -10,680 | -148 |
Fair Value, 12 Months or More | 47,319 | ' |
Unrealized Loss, 12 Months or More | -4,518 | ' |
Total Fair Value | 287,520 | 72,020 |
Total, Unrealized Loss | ($15,198) | ($148) |
Loans_Schedule_of_Portfolio_of
Loans - Schedule of Portfolio of Loans (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total real estate | $833,793 | $845,020 | ' |
Total consumer | 189,231 | 214,593 | ' |
Total commercial | 26,141 | 26,543 | ' |
Ending balance | 1,049,165 | 1,086,156 | 1,420,196 |
Allowance for loan losses | 21,116 | 21,130 | ' |
Deferred loan costs, net | -1,143 | -1,214 | ' |
Total | 19,973 | 19,916 | ' |
Loans, net | 1,029,192 | 1,066,240 | ' |
One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total real estate | 585,025 | 577,249 | ' |
Multi-Family Residential [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total real estate | 54,485 | 80,923 | ' |
Nonresidential [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total real estate | 131,251 | 138,188 | ' |
Land [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total real estate | 9,683 | 15,808 | ' |
One-to Four-Family Residential and Land Development [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total real estate | 53,349 | 28,318 | ' |
Multi-Family and Nonresidential [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total real estate | ' | 4,534 | ' |
Home Equity [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total consumer | 159,795 | 177,230 | ' |
Auto [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total consumer | 5,669 | 7,648 | ' |
Marine [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total consumer | 4,308 | 4,942 | ' |
Recreational Vehicles [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total consumer | 17,347 | 22,250 | ' |
Other [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total consumer | 2,112 | 2,523 | ' |
Secured [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total commercial | 25,714 | 24,243 | ' |
Unsecured [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total commercial | $427 | $2,300 | ' |
Loans_Additional_Information_D
Loans - Additional Information (Detail) (USD $) | 12 Months Ended | ||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Mar. 31, 2013 | Sep. 21, 2012 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Home Savings sold assets in a bulk sale transaction, which was comprised primarily of loans | ' | ' | ' | $146,000,000 | $147,300,000 |
Loans had a recorded investment as of the closing date | 117,400,000 | ' | ' | ' | ' |
Home Savings received proceeds | 77,400,000 | ' | ' | ' | ' |
Total loss on sale of Home Savings loans | 30,200,000 | ' | ' | ' | ' |
Classified loans (figures are book balance prior to the effect of any reserves) | 91,600,000 | ' | ' | ' | ' |
Non performing loans (figures are book balance prior to the effect of any reserves) | 63,300,000 | ' | ' | ' | ' |
Noncurrent loans (figures are book balance prior to the effect of any reserves) | 53,000,000 | ' | ' | ' | ' |
Amounts charged off | 8,627,000 | 24,268,000 | 35,739,000 | ' | ' |
Outstanding standby letters of credit | 62,000 | 702,000 | ' | ' | ' |
Outstanding commitments to fund the Overdraft Privilege Program | 42,000,000 | 42,300,000 | ' | ' | ' |
Reduction in stated interest rate of loan, minimum outstanding period | '6 months | ' | ' | ' | ' |
Reduction in stated interest rate of loan, maximum outstanding period | '28 years | ' | ' | ' | ' |
Aggregate nonaccrual TDR loans | 23,543,000 | 44,109,000 | ' | ' | ' |
Aggregate accrual TDR loans | 45,000 | 3,678,000 | ' | ' | ' |
Maximum period after which troubled debt restructuring is considered to be in payment by default | '30 days | ' | ' | ' | ' |
Effect of troubled debt restructurings on provision for loan losses | 0 | ' | ' | ' | ' |
Period of cumulative homogeneous loans past due included in company analysis | '90 days | ' | ' | ' | ' |
Maximum duration under which loans may be housed under Special Mention category | 'No Longer Than 12 Months | ' | ' | ' | ' |
Minimum [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Interest rate of fixed rate loan | 2.38% | ' | ' | ' | ' |
Period of maturity of fixed rate loan | '3 months | ' | ' | ' | ' |
Maximum [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Interest rate of fixed rate loan | 18.00% | ' | ' | ' | ' |
Period of maturity of fixed rate loan | '30 years | ' | ' | ' | ' |
Troubled Debt Restructurings [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Amounts charged off | 1,800,000 | 0 | ' | ' | ' |
Increment in allowance for loan losses | 951,000 | 584,000 | ' | ' | ' |
Restructured loans | 31,500,000 | 25,400,000 | ' | ' | ' |
Specific reserve | 3,900,000 | 1,000,000 | ' | ' | ' |
Aggregate nonaccrual TDR loans | 4,900,000 | 4,400,000 | ' | ' | ' |
Aggregate accrual TDR loans | 26,600,000 | 21,000,000 | ' | ' | ' |
Total recorded investment | $66,400,000 | $41,300,000 | ' | ' | ' |
Troubled Debt Restructurings [Member] | Minimum [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Extension of the maturity date | '6 months | ' | ' | ' | ' |
Troubled Debt Restructurings [Member] | Maximum [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Extension of the maturity date | '3 years | ' | ' | ' | ' |
Loans_Number_of_Outstanding_Co
Loans - Number of Outstanding Commitments to Extend Credit (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Commitments to Make Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Fixed Rate | $38,386 | $73,125 |
Variable Rate | 10,883 | 21,001 |
Undisbursed Loans in Process [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Fixed Rate | ' | 731 |
Variable Rate | 67,295 | 23,502 |
Unused Lines of Credit [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Fixed Rate | 18,852 | 27,832 |
Variable Rate | $82,365 | $76,558 |
Loans_Investment_in_Loans_by_P
Loans - Investment in Loans by Portfolio Segment and Based on Impairment (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Allowance, Beginning balance | $21,130 | $42,271 | $50,883 |
Provision | 4,116 | 39,325 | 24,658 |
Charge-offs | -8,627 | -24,268 | -35,739 |
Recoveries | 4,497 | 1,960 | 2,469 |
Net (charge-offs) recovery from asset sale | ' | -38,158 | ' |
Allowance, Ending balance | 21,116 | 21,130 | 42,271 |
Loans individually evaluated for impairment | 3,325 | 3,024 | 11,823 |
Loans collectively evaluated for impairment | 17,791 | 18,106 | 30,448 |
Allowance, Ending balance | 21,116 | 21,130 | 42,271 |
Loans individually evaluated for impairment | 48,181 | 61,017 | 153,567 |
Loans collectively evaluated for impairment | 1,000,984 | 1,025,139 | 1,266,629 |
Ending balance | 1,049,165 | 1,086,156 | 1,420,196 |
Permanent Real Estate Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Allowance, Beginning balance | 13,819 | 31,323 | 28,066 |
Provision | 4,977 | 34,260 | 17,073 |
Charge-offs | -5,937 | -16,790 | -14,734 |
Recoveries | 935 | 770 | 918 |
Net (charge-offs) recovery from asset sale | ' | -35,744 | ' |
Allowance, Ending balance | 13,794 | 13,819 | 31,323 |
Loans individually evaluated for impairment | 1,786 | 2,380 | 8,275 |
Loans collectively evaluated for impairment | 12,008 | 11,439 | 23,048 |
Allowance, Ending balance | 13,794 | 13,819 | 31,323 |
Loans individually evaluated for impairment | 27,224 | 43,013 | 115,290 |
Loans collectively evaluated for impairment | 753,220 | 769,155 | 972,496 |
Ending balance | 780,444 | 812,168 | 1,087,786 |
Construction Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Allowance, Beginning balance | 1,404 | 4,493 | 8,533 |
Provision | -783 | 2,310 | 8,126 |
Charge-offs | -641 | -3,480 | -12,504 |
Recoveries | 2,301 | 215 | 338 |
Net (charge-offs) recovery from asset sale | ' | -2,134 | ' |
Allowance, Ending balance | 2,281 | 1,404 | 4,493 |
Loans individually evaluated for impairment | 680 | 478 | 3,102 |
Loans collectively evaluated for impairment | 1,601 | 926 | 1,391 |
Allowance, Ending balance | 2,281 | 1,404 | 4,493 |
Loans individually evaluated for impairment | 3,092 | 7,547 | 30,587 |
Loans collectively evaluated for impairment | 50,257 | 25,305 | 33,280 |
Ending balance | 53,349 | 32,852 | 63,867 |
Consumer Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Allowance, Beginning balance | 4,459 | 4,576 | 5,260 |
Provision | 1,009 | 2,721 | 2,171 |
Charge-offs | -1,883 | -2,740 | -3,446 |
Recoveries | 717 | 724 | 591 |
Net (charge-offs) recovery from asset sale | ' | -822 | ' |
Allowance, Ending balance | 4,302 | 4,459 | 4,576 |
Loans individually evaluated for impairment | 859 | ' | 236 |
Loans collectively evaluated for impairment | 3,443 | 4,459 | 4,340 |
Allowance, Ending balance | 4,302 | 4,459 | 4,576 |
Loans individually evaluated for impairment | 13,821 | 8,784 | 3,734 |
Loans collectively evaluated for impairment | 175,410 | 205,809 | 234,663 |
Ending balance | 189,231 | 214,593 | 238,397 |
Commercial Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Allowance, Beginning balance | 1,448 | 1,879 | 9,024 |
Provision | -1,087 | 34 | -2,712 |
Charge-offs | -166 | -1,258 | -5,055 |
Recoveries | 544 | 251 | 622 |
Net (charge-offs) recovery from asset sale | ' | 542 | ' |
Allowance, Ending balance | 739 | 1,448 | 1,879 |
Loans individually evaluated for impairment | ' | 166 | 210 |
Loans collectively evaluated for impairment | 739 | 1,282 | 1,669 |
Allowance, Ending balance | 739 | 1,448 | 1,879 |
Loans individually evaluated for impairment | 4,044 | 1,673 | 3,956 |
Loans collectively evaluated for impairment | 22,097 | 24,870 | 26,190 |
Ending balance | $26,141 | $26,543 | $30,146 |
Loans_Presentation_of_Loans_In
Loans - Presentation of Loans Individually Evaluated for Impairment by Class (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | $41,393 | $71,140 | $127,217 |
With no specific allowance recorded, Recorded Investment | 28,965 | 48,081 | 87,591 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 36,360 | 63,797 | 82,590 |
With no specific allowance recorded, Interest Income Recognized | 640 | 938 | 1,374 |
With no specific allowance recorded, Cash Basis Income Recognized | 944 | 1,375 | 3,521 |
With a specific allowance recorded, Unpaid Principal Balance | 21,284 | 18,115 | 91,049 |
With a specific allowance recorded, Recorded Investment | 19,216 | 12,936 | 65,976 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 3,325 | 3,024 | 11,823 |
With a specific allowance recorded, Average Recorded Investment | 14,150 | 33,680 | 79,209 |
With a specific allowance recorded, Interest Income Recognized | 661 | 19 | 981 |
With a specific allowance recorded, Cash Basis Income Recognized | 669 | 79 | 2,090 |
Total Unpaid Principal Balance | 62,677 | 89,255 | 218,266 |
Total Recorded Investment | 48,181 | 61,017 | 153,567 |
Total Allowance for Loan Losses Allocated | 3,325 | 3,024 | 11,823 |
Total Average Recorded Investment | 50,510 | 97,477 | 161,799 |
Total Interest Income, Accrual Method | 1,301 | 957 | 2,355 |
Total Cash Basis Income Recognized | 1,613 | 1,454 | 5,611 |
Permanent Real Estate Loans [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 24,347 | 37,662 | 75,817 |
With no specific allowance recorded, Recorded Investment | 17,674 | 34,467 | 68,388 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 21,984 | 49,450 | 63,464 |
With no specific allowance recorded, Interest Income Recognized | 382 | 670 | 986 |
With no specific allowance recorded, Cash Basis Income Recognized | 525 | 846 | 2,290 |
With a specific allowance recorded, Unpaid Principal Balance | 9,990 | 10,862 | 53,839 |
With a specific allowance recorded, Recorded Investment | 9,550 | 8,546 | 46,902 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 1,786 | 2,380 | 8,275 |
With a specific allowance recorded, Average Recorded Investment | 8,774 | 23,655 | 47,622 |
With a specific allowance recorded, Interest Income Recognized | 342 | 19 | 929 |
With a specific allowance recorded, Cash Basis Income Recognized | 349 | 74 | 1,840 |
Total Recorded Investment | 27,224 | 43,013 | 115,290 |
Permanent Real Estate Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 13,321 | 18,672 | 32,372 |
With no specific allowance recorded, Recorded Investment | 11,309 | 16,947 | 28,566 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 14,679 | 22,526 | 26,016 |
With no specific allowance recorded, Interest Income Recognized | 361 | 613 | 557 |
With no specific allowance recorded, Cash Basis Income Recognized | 449 | 715 | 868 |
With a specific allowance recorded, Unpaid Principal Balance | 8,897 | 735 | 2,487 |
With a specific allowance recorded, Recorded Investment | 8,897 | 735 | 1,721 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 1,675 | 260 | 152 |
With a specific allowance recorded, Average Recorded Investment | 4,077 | 1,242 | 2,993 |
With a specific allowance recorded, Interest Income Recognized | 342 | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | 342 | ' | 35 |
Permanent Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 662 | 1,173 | 5,112 |
With no specific allowance recorded, Recorded Investment | 567 | 1,078 | 4,205 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 638 | 2,581 | 3,798 |
With no specific allowance recorded, Interest Income Recognized | 2 | 36 | ' |
With no specific allowance recorded, Cash Basis Income Recognized | 13 | 63 | 218 |
With a specific allowance recorded, Unpaid Principal Balance | 185 | 996 | 4,077 |
With a specific allowance recorded, Recorded Investment | 85 | 981 | 2,387 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 25 | 57 | 187 |
With a specific allowance recorded, Average Recorded Investment | 330 | 2,390 | 3,594 |
With a specific allowance recorded, Interest Income Recognized | ' | ' | 10 |
With a specific allowance recorded, Cash Basis Income Recognized | ' | 17 | 61 |
Permanent Real Estate Loans [Member] | Nonresidential [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 6,451 | 13,240 | 29,120 |
With no specific allowance recorded, Recorded Investment | 5,311 | 12,638 | 28,327 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 5,377 | 19,425 | 26,911 |
With no specific allowance recorded, Interest Income Recognized | 19 | 21 | 391 |
With no specific allowance recorded, Cash Basis Income Recognized | 63 | 68 | 1,006 |
With a specific allowance recorded, Unpaid Principal Balance | 908 | 5,218 | 42,201 |
With a specific allowance recorded, Recorded Investment | 568 | 4,703 | 38,176 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 86 | 1,336 | 6,127 |
With a specific allowance recorded, Average Recorded Investment | 3,835 | 17,420 | 37,986 |
With a specific allowance recorded, Interest Income Recognized | ' | 19 | 919 |
With a specific allowance recorded, Cash Basis Income Recognized | 7 | 57 | 1,569 |
Permanent Real Estate Loans [Member] | Land [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 3,913 | 4,577 | 9,213 |
With no specific allowance recorded, Recorded Investment | 487 | 3,804 | 7,290 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 1,290 | 4,918 | 6,739 |
With no specific allowance recorded, Interest Income Recognized | ' | ' | 38 |
With no specific allowance recorded, Cash Basis Income Recognized | ' | ' | 198 |
With a specific allowance recorded, Unpaid Principal Balance | ' | 3,913 | 5,074 |
With a specific allowance recorded, Recorded Investment | ' | 2,127 | 4,618 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | ' | 727 | 1,809 |
With a specific allowance recorded, Average Recorded Investment | 532 | 2,603 | 3,049 |
With a specific allowance recorded, Interest Income Recognized | ' | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | ' | ' | 175 |
Construction Loans [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 1,433 | 18,483 | 19,788 |
With no specific allowance recorded, Recorded Investment | 825 | 3,580 | 12,532 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 1,381 | 6,051 | 15,396 |
With no specific allowance recorded, Interest Income Recognized | ' | ' | 284 |
With no specific allowance recorded, Cash Basis Income Recognized | ' | 14 | 441 |
With a specific allowance recorded, Unpaid Principal Balance | 3,895 | 6,455 | 35,759 |
With a specific allowance recorded, Recorded Investment | 2,267 | 3,967 | 18,055 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 680 | 478 | 3,102 |
With a specific allowance recorded, Average Recorded Investment | 2,559 | 9,511 | 24,089 |
With a specific allowance recorded, Interest Income Recognized | ' | ' | 47 |
With a specific allowance recorded, Cash Basis Income Recognized | 1 | 2 | 221 |
Total Recorded Investment | 3,092 | 7,547 | 30,587 |
Construction Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 1,433 | 17,912 | 19,081 |
With no specific allowance recorded, Recorded Investment | 825 | 3,580 | 12,532 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 1,381 | 6,051 | 15,300 |
With no specific allowance recorded, Interest Income Recognized | ' | ' | 284 |
With no specific allowance recorded, Cash Basis Income Recognized | ' | 14 | 441 |
With a specific allowance recorded, Unpaid Principal Balance | 3,895 | 6,455 | 35,759 |
With a specific allowance recorded, Recorded Investment | 2,267 | 3,967 | 18,055 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 680 | 478 | 3,102 |
With a specific allowance recorded, Average Recorded Investment | 2,559 | 9,511 | 24,089 |
With a specific allowance recorded, Interest Income Recognized | ' | ' | 47 |
With a specific allowance recorded, Cash Basis Income Recognized | 1 | 2 | 221 |
Construction Loans [Member] | Multi-Family and Nonresidential [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | ' | 571 | 707 |
With no specific allowance recorded, Recorded Investment | ' | ' | ' |
With no specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | ' |
With no specific allowance recorded, Average Recorded Investment | ' | ' | 96 |
With no specific allowance recorded, Interest Income Recognized | ' | ' | ' |
With no specific allowance recorded, Cash Basis Income Recognized | ' | ' | ' |
With a specific allowance recorded, Unpaid Principal Balance | ' | ' | ' |
With a specific allowance recorded, Recorded Investment | ' | ' | ' |
With a specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | ' |
With a specific allowance recorded, Average Recorded Investment | ' | ' | ' |
With a specific allowance recorded, Interest Income Recognized | ' | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | ' | ' | ' |
Consumer Loans [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 7,132 | 10,012 | 5,021 |
With no specific allowance recorded, Recorded Investment | 6,422 | 8,784 | 3,216 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 9,310 | 6,555 | 1,733 |
With no specific allowance recorded, Interest Income Recognized | 257 | 266 | 62 |
With no specific allowance recorded, Cash Basis Income Recognized | 326 | 380 | 131 |
With a specific allowance recorded, Unpaid Principal Balance | 7,399 | ' | 570 |
With a specific allowance recorded, Recorded Investment | 7,399 | ' | 518 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 859 | ' | 236 |
With a specific allowance recorded, Average Recorded Investment | 2,715 | 27 | 130 |
With a specific allowance recorded, Interest Income Recognized | 319 | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | 319 | ' | 19 |
Total Recorded Investment | 13,821 | 8,784 | 3,734 |
Consumer Loans [Member] | Home Equity [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 6,458 | 8,867 | 4,908 |
With no specific allowance recorded, Recorded Investment | 5,808 | 7,958 | 3,139 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 8,404 | 5,571 | 1,620 |
With no specific allowance recorded, Interest Income Recognized | 234 | 265 | 61 |
With no specific allowance recorded, Cash Basis Income Recognized | 285 | 326 | 124 |
With a specific allowance recorded, Unpaid Principal Balance | 6,743 | ' | ' |
With a specific allowance recorded, Recorded Investment | 6,743 | ' | ' |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 719 | ' | ' |
With a specific allowance recorded, Average Recorded Investment | 2,369 | ' | ' |
With a specific allowance recorded, Interest Income Recognized | 303 | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | 303 | ' | ' |
Consumer Loans [Member] | Auto [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 83 | 68 | 80 |
With no specific allowance recorded, Recorded Investment | 66 | 44 | 59 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 45 | 52 | 68 |
With no specific allowance recorded, Interest Income Recognized | 1 | 1 | 1 |
With no specific allowance recorded, Cash Basis Income Recognized | 6 | 6 | 5 |
With a specific allowance recorded, Unpaid Principal Balance | ' | ' | ' |
With a specific allowance recorded, Recorded Investment | ' | ' | ' |
With a specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | ' |
With a specific allowance recorded, Average Recorded Investment | ' | ' | ' |
With a specific allowance recorded, Interest Income Recognized | ' | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | ' | ' | ' |
Consumer Loans [Member] | Marine [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 160 | 190 | ' |
With no specific allowance recorded, Recorded Investment | 160 | 190 | ' |
With no specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 174 | 268 | ' |
With no specific allowance recorded, Interest Income Recognized | ' | ' | ' |
With no specific allowance recorded, Cash Basis Income Recognized | 9 | 13 | ' |
With a specific allowance recorded, Unpaid Principal Balance | ' | ' | 482 |
With a specific allowance recorded, Recorded Investment | ' | ' | 482 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | 218 |
With a specific allowance recorded, Average Recorded Investment | ' | ' | 121 |
With a specific allowance recorded, Interest Income Recognized | ' | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | ' | ' | 19 |
Consumer Loans [Member] | Recreational Vehicles [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 429 | 887 | 26 |
With no specific allowance recorded, Recorded Investment | 386 | 592 | 11 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 685 | 659 | 38 |
With no specific allowance recorded, Interest Income Recognized | 22 | ' | ' |
With no specific allowance recorded, Cash Basis Income Recognized | 26 | 35 | 2 |
With a specific allowance recorded, Unpaid Principal Balance | 656 | ' | 88 |
With a specific allowance recorded, Recorded Investment | 656 | ' | 36 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 140 | ' | 18 |
With a specific allowance recorded, Average Recorded Investment | 346 | 27 | 9 |
With a specific allowance recorded, Interest Income Recognized | 16 | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | 16 | ' | ' |
Consumer Loans [Member] | Other [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 2 | ' | 7 |
With no specific allowance recorded, Recorded Investment | 2 | ' | 7 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 2 | 5 | 7 |
With no specific allowance recorded, Interest Income Recognized | ' | ' | ' |
With no specific allowance recorded, Cash Basis Income Recognized | ' | ' | ' |
With a specific allowance recorded, Unpaid Principal Balance | ' | ' | ' |
With a specific allowance recorded, Recorded Investment | ' | ' | ' |
With a specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | ' |
With a specific allowance recorded, Average Recorded Investment | ' | ' | ' |
With a specific allowance recorded, Interest Income Recognized | ' | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | ' | ' | ' |
Commercial Loans [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 8,481 | 4,983 | 26,591 |
With no specific allowance recorded, Recorded Investment | 4,044 | 1,250 | 3,455 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 3,685 | 1,741 | 1,997 |
With no specific allowance recorded, Interest Income Recognized | 1 | 2 | 42 |
With no specific allowance recorded, Cash Basis Income Recognized | 93 | 135 | 659 |
With a specific allowance recorded, Unpaid Principal Balance | ' | 798 | 881 |
With a specific allowance recorded, Recorded Investment | ' | 423 | 501 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | ' | 166 | 210 |
With a specific allowance recorded, Average Recorded Investment | 102 | 487 | 7,368 |
With a specific allowance recorded, Interest Income Recognized | ' | ' | 5 |
With a specific allowance recorded, Cash Basis Income Recognized | ' | 3 | 10 |
Commercial Loans [Member] | Secured [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 4,414 | 2,122 | 3,875 |
With no specific allowance recorded, Recorded Investment | 4,044 | 1,212 | 3,084 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 3,506 | 1,480 | 1,627 |
With no specific allowance recorded, Interest Income Recognized | ' | ' | 35 |
With no specific allowance recorded, Cash Basis Income Recognized | 11 | 124 | 531 |
With a specific allowance recorded, Unpaid Principal Balance | ' | 798 | 776 |
With a specific allowance recorded, Recorded Investment | ' | 423 | 427 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | ' | 166 | 136 |
With a specific allowance recorded, Average Recorded Investment | 102 | 487 | 6,124 |
With a specific allowance recorded, Interest Income Recognized | ' | ' | 5 |
With a specific allowance recorded, Cash Basis Income Recognized | ' | 3 | 10 |
Commercial Loans [Member] | Unsecured [Member] | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 4,067 | 2,861 | 22,716 |
With no specific allowance recorded, Recorded Investment | ' | 38 | 371 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 179 | 261 | 370 |
With no specific allowance recorded, Interest Income Recognized | 1 | 2 | 7 |
With no specific allowance recorded, Cash Basis Income Recognized | 82 | 11 | 128 |
With a specific allowance recorded, Unpaid Principal Balance | ' | ' | 105 |
With a specific allowance recorded, Recorded Investment | ' | ' | 74 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | ' | ' | 74 |
With a specific allowance recorded, Average Recorded Investment | ' | ' | 1,244 |
With a specific allowance recorded, Interest Income Recognized | ' | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | ' | ' | ' |
Loans_Presentation_of_Recorded
Loans - Presentation of Recorded Investment in Nonaccrual Loans and Loans Past Due Over 90 Days and Still on Accrual by Class of Loans (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | $23,543 | $44,109 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | 45 | 3,678 |
Permanent Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 13,053 | 30,576 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | ' | 3,678 |
Permanent Real Estate Loans [Member] | One-to Four-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 6,356 | 5,437 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | ' | ' |
Permanent Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 641 | 2,027 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | ' | ' |
Permanent Real Estate Loans [Member] | Nonresidential [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 5,560 | 17,065 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | ' | 3,678 |
Permanent Real Estate Loans [Member] | Land [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 496 | 6,047 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | ' | ' |
Construction Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 3,084 | 7,466 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | ' | ' |
Construction Loans [Member] | One-to Four-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 3,084 | 7,466 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | ' | ' |
Construction Loans [Member] | Multi-Family and Nonresidential [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | ' | ' |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | ' | ' |
Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 3,248 | 4,842 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | 45 | ' |
Consumer Loans [Member] | Home Equity [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 2,726 | 3,298 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | 45 | ' |
Consumer Loans [Member] | Auto [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 110 | 105 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | ' | ' |
Consumer Loans [Member] | Marine [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 136 | 176 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | ' | ' |
Consumer Loans [Member] | Recreational Vehicles [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 263 | 1,259 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | ' | ' |
Consumer Loans [Member] | Other [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 13 | 4 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | ' | ' |
Commercial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 4,158 | 1,225 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | ' | ' |
Commercial Loans [Member] | Secured [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 4,028 | 1,194 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | ' | ' |
Commercial Loans [Member] | Unsecured [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 130 | 31 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | ' | ' |
Loans_Presentation_of_Age_Anal
Loans - Presentation of Age Analysis of Past-Due Loans, Segregated by Class of Loans (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | $2,518 | $3,923 | ' |
60-89 Days Past Due | 1,084 | 2,203 | ' |
Greater than 90 Days Past Due | 20,233 | 42,056 | ' |
Total Past Due | 23,835 | 48,182 | ' |
Current Loans | 1,025,330 | 1,037,974 | ' |
Ending balance | 1,049,165 | 1,086,156 | 1,420,196 |
Permanent Real Estate Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 1,854 | 2,236 | ' |
60-89 Days Past Due | 415 | 960 | ' |
Greater than 90 Days Past Due | 10,829 | 32,111 | ' |
Total Past Due | 13,098 | 35,307 | ' |
Current Loans | 767,346 | 776,861 | ' |
Ending balance | 780,444 | 812,168 | 1,087,786 |
Permanent Real Estate Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 1,482 | 1,995 | ' |
60-89 Days Past Due | 379 | 784 | ' |
Greater than 90 Days Past Due | 4,687 | 4,495 | ' |
Total Past Due | 6,548 | 7,274 | ' |
Current Loans | 578,477 | 569,975 | ' |
Ending balance | 585,025 | 577,249 | ' |
Permanent Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 359 | 158 | ' |
60-89 Days Past Due | ' | ' | ' |
Greater than 90 Days Past Due | 190 | 1,630 | ' |
Total Past Due | 549 | 1,788 | ' |
Current Loans | 53,936 | 79,135 | ' |
Ending balance | 54,485 | 80,923 | ' |
Permanent Real Estate Loans [Member] | Nonresidential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 13 | ' | ' |
60-89 Days Past Due | ' | 176 | ' |
Greater than 90 Days Past Due | 5,456 | 19,942 | ' |
Total Past Due | 5,469 | 20,118 | ' |
Current Loans | 125,782 | 118,070 | ' |
Ending balance | 131,251 | 138,188 | ' |
Permanent Real Estate Loans [Member] | Land [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | ' | 83 | ' |
60-89 Days Past Due | 36 | ' | ' |
Greater than 90 Days Past Due | 496 | 6,044 | ' |
Total Past Due | 532 | 6,127 | ' |
Current Loans | 9,151 | 9,681 | ' |
Ending balance | 9,683 | 15,808 | ' |
Construction Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | ' | 54 | ' |
60-89 Days Past Due | ' | ' | ' |
Greater than 90 Days Past Due | 3,084 | 7,398 | ' |
Total Past Due | 3,084 | 7,452 | ' |
Current Loans | 50,265 | 25,400 | ' |
Ending balance | 53,349 | 32,852 | 63,867 |
Construction Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | ' | 54 | ' |
60-89 Days Past Due | ' | ' | ' |
Greater than 90 Days Past Due | 3,084 | 7,398 | ' |
Total Past Due | 3,084 | 7,452 | ' |
Current Loans | 50,265 | 20,866 | ' |
Ending balance | 53,349 | 28,318 | ' |
Construction Loans [Member] | Multi-Family and Nonresidential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | ' | ' | ' |
60-89 Days Past Due | ' | ' | ' |
Greater than 90 Days Past Due | ' | ' | ' |
Total Past Due | ' | ' | ' |
Current Loans | ' | 4,534 | ' |
Ending balance | ' | 4,534 | ' |
Consumer Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 664 | 1,617 | ' |
60-89 Days Past Due | 658 | 515 | ' |
Greater than 90 Days Past Due | 2,173 | 2,518 | ' |
Total Past Due | 3,495 | 4,650 | ' |
Current Loans | 185,736 | 209,943 | ' |
Ending balance | 189,231 | 214,593 | 238,397 |
Consumer Loans [Member] | Home Equity [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 541 | 1,135 | ' |
60-89 Days Past Due | 452 | 475 | ' |
Greater than 90 Days Past Due | 2,111 | 2,071 | ' |
Total Past Due | 3,104 | 3,681 | ' |
Current Loans | 156,691 | 173,549 | ' |
Ending balance | 159,795 | 177,230 | ' |
Consumer Loans [Member] | Auto [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 5 | 35 | ' |
60-89 Days Past Due | ' | 7 | ' |
Greater than 90 Days Past Due | 49 | 83 | ' |
Total Past Due | 54 | 125 | ' |
Current Loans | 5,615 | 7,523 | ' |
Ending balance | 5,669 | 7,648 | ' |
Consumer Loans [Member] | Marine [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | ' | ' | ' |
60-89 Days Past Due | ' | ' | ' |
Greater than 90 Days Past Due | ' | 8 | ' |
Total Past Due | ' | 8 | ' |
Current Loans | 4,308 | 4,934 | ' |
Ending balance | 4,308 | 4,942 | ' |
Consumer Loans [Member] | Recreational Vehicles [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 117 | 447 | ' |
60-89 Days Past Due | 199 | 32 | ' |
Greater than 90 Days Past Due | 3 | 353 | ' |
Total Past Due | 319 | 832 | ' |
Current Loans | 17,028 | 21,418 | ' |
Ending balance | 17,347 | 22,250 | ' |
Consumer Loans [Member] | Other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 1 | ' | ' |
60-89 Days Past Due | 7 | 1 | ' |
Greater than 90 Days Past Due | 10 | 3 | ' |
Total Past Due | 18 | 4 | ' |
Current Loans | 2,094 | 2,519 | ' |
Ending balance | 2,112 | 2,523 | ' |
Commercial Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | ' | 16 | ' |
60-89 Days Past Due | 11 | 728 | ' |
Greater than 90 Days Past Due | 4,147 | 29 | ' |
Total Past Due | 4,158 | 773 | ' |
Current Loans | 21,983 | 25,770 | ' |
Ending balance | 26,141 | 26,543 | ' |
Commercial Loans [Member] | Secured [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | ' | 16 | ' |
60-89 Days Past Due | 11 | ' | ' |
Greater than 90 Days Past Due | 4,017 | 23 | ' |
Total Past Due | 4,028 | 39 | ' |
Current Loans | 21,686 | 24,204 | ' |
Ending balance | 25,714 | 24,243 | ' |
Commercial Loans [Member] | Unsecured [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | ' | ' | ' |
60-89 Days Past Due | ' | 728 | ' |
Greater than 90 Days Past Due | 130 | 6 | ' |
Total Past Due | 130 | 734 | ' |
Current Loans | 297 | 1,566 | ' |
Ending balance | $427 | $2,300 | ' |
Loans_Loans_by_Class_Modified_
Loans - Loans by Class Modified as Troubled Debt Restructuring (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
SecurityLoan | SecurityLoan | |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | 161 | 211 |
Pre-Modification Outstanding Recorded Investment | $12,494 | $16,731 |
Post- Modification Recorded Investment | 10,492 | 15,745 |
Permanent Real Estate Loans [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | 46 | 121 |
Pre-Modification Outstanding Recorded Investment | 6,205 | 8,481 |
Post- Modification Recorded Investment | 4,378 | 7,436 |
Permanent Real Estate Loans [Member] | One-to Four-Family Residential [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | 42 | 114 |
Pre-Modification Outstanding Recorded Investment | 3,568 | 6,618 |
Post- Modification Recorded Investment | 3,381 | 5,574 |
Permanent Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | 1 | 6 |
Pre-Modification Outstanding Recorded Investment | 469 | 1,439 |
Post- Modification Recorded Investment | 469 | 1,438 |
Permanent Real Estate Loans [Member] | Nonresidential [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | 1 | 1 |
Pre-Modification Outstanding Recorded Investment | 41 | 424 |
Post- Modification Recorded Investment | 41 | 424 |
Permanent Real Estate Loans [Member] | Land [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | 2 | ' |
Pre-Modification Outstanding Recorded Investment | 2,127 | ' |
Post- Modification Recorded Investment | 487 | ' |
Construction Loans [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | 1 | 3 |
Pre-Modification Outstanding Recorded Investment | 942 | 853 |
Post- Modification Recorded Investment | 823 | 830 |
Construction Loans [Member] | One-to Four-Family Residential [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | 1 | 3 |
Pre-Modification Outstanding Recorded Investment | 942 | 853 |
Post- Modification Recorded Investment | 823 | 830 |
Construction Loans [Member] | Multi-Family and Nonresidential [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post- Modification Recorded Investment | ' | ' |
Consumer Loans [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | 114 | 86 |
Pre-Modification Outstanding Recorded Investment | 5,347 | 6,951 |
Post- Modification Recorded Investment | 5,291 | 7,033 |
Consumer Loans [Member] | Home Equity [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | 110 | 86 |
Pre-Modification Outstanding Recorded Investment | 4,556 | 6,951 |
Post- Modification Recorded Investment | 4,487 | 7,033 |
Consumer Loans [Member] | Auto [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post- Modification Recorded Investment | ' | ' |
Consumer Loans [Member] | Marine [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post- Modification Recorded Investment | ' | ' |
Consumer Loans [Member] | Recreational Vehicles [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | 4 | ' |
Pre-Modification Outstanding Recorded Investment | 791 | ' |
Post- Modification Recorded Investment | 804 | ' |
Consumer Loans [Member] | Other [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post- Modification Recorded Investment | ' | ' |
Commercial Loans [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | 1 |
Pre-Modification Outstanding Recorded Investment | ' | 446 |
Post- Modification Recorded Investment | ' | 446 |
Commercial Loans [Member] | Secured [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' |
Post- Modification Recorded Investment | ' | ' |
Commercial Loans [Member] | Unsecured [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Number of Loans | ' | 1 |
Pre-Modification Outstanding Recorded Investment | ' | 446 |
Post- Modification Recorded Investment | ' | $446 |
Loans_Loans_by_Class_Modified_1
Loans - Loans by Class Modified as Troubled Debt Restructurings with Payment Default (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
SecurityLoan | SecurityLoan | |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 16 | 11 |
Recorded Investment | $2,540 | $928 |
Permanent Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 7 | 9 |
Recorded Investment | 1,526 | 851 |
Permanent Real Estate Loans [Member] | One-to Four-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 4 | 9 |
Recorded Investment | 576 | 851 |
Permanent Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 1 | ' |
Recorded Investment | 463 | ' |
Permanent Real Estate Loans [Member] | Nonresidential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | ' | ' |
Recorded Investment | ' | ' |
Permanent Real Estate Loans [Member] | Land [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 2 | ' |
Recorded Investment | 487 | ' |
Construction Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 1 | ' |
Recorded Investment | 623 | ' |
Construction Loans [Member] | One-to Four-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 1 | ' |
Recorded Investment | 623 | ' |
Construction Loans [Member] | Multi-Family and Nonresidential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | ' | ' |
Recorded Investment | ' | ' |
Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 8 | 2 |
Recorded Investment | 391 | 77 |
Consumer Loans [Member] | Home Equity [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 6 | 2 |
Recorded Investment | 207 | 77 |
Consumer Loans [Member] | Auto [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | ' | ' |
Recorded Investment | ' | ' |
Consumer Loans [Member] | Marine [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | ' | ' |
Recorded Investment | ' | ' |
Consumer Loans [Member] | Recreational Vehicles [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 2 | ' |
Recorded Investment | 184 | ' |
Consumer Loans [Member] | Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | ' | ' |
Recorded Investment | ' | ' |
Commercial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | ' | ' |
Recorded Investment | ' | ' |
Commercial Loans [Member] | Secured [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | ' | ' |
Recorded Investment | ' | ' |
Commercial Loans [Member] | Unsecured [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | ' | ' |
Recorded Investment | ' | ' |
Loans_Risk_Category_of_Loans_b
Loans - Risk Category of Loans by Class of Loans (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | $1,049,165 | $1,086,156 | $1,420,196 |
Unclassified [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 979,700 | 1,003,830 | ' |
Special Mention [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 15,956 | 22,447 | ' |
Substandard [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 53,509 | 59,879 | ' |
Doubtful [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Classified Loss [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Classified [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 53,509 | 59,879 | ' |
Permanent Real Estate Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 780,444 | 812,168 | 1,087,786 |
Permanent Real Estate Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 585,025 | 577,249 | ' |
Permanent Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 54,485 | 80,923 | ' |
Permanent Real Estate Loans [Member] | Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 131,251 | 138,188 | ' |
Permanent Real Estate Loans [Member] | Land [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 9,683 | 15,808 | ' |
Permanent Real Estate Loans [Member] | Unclassified [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 724,005 | 747,135 | ' |
Permanent Real Estate Loans [Member] | Unclassified [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 575,903 | 569,204 | ' |
Permanent Real Estate Loans [Member] | Unclassified [Member] | Multi-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 48,918 | 69,060 | ' |
Permanent Real Estate Loans [Member] | Unclassified [Member] | Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 90,115 | 99,275 | ' |
Permanent Real Estate Loans [Member] | Unclassified [Member] | Land [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 9,069 | 9,596 | ' |
Permanent Real Estate Loans [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 15,715 | 21,382 | ' |
Permanent Real Estate Loans [Member] | Special Mention [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 404 | 459 | ' |
Permanent Real Estate Loans [Member] | Special Mention [Member] | Multi-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 2,962 | 8,409 | ' |
Permanent Real Estate Loans [Member] | Special Mention [Member] | Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 12,222 | 12,234 | ' |
Permanent Real Estate Loans [Member] | Special Mention [Member] | Land [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 127 | 280 | ' |
Permanent Real Estate Loans [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 40,724 | 43,651 | ' |
Permanent Real Estate Loans [Member] | Substandard [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 8,718 | 7,586 | ' |
Permanent Real Estate Loans [Member] | Substandard [Member] | Multi-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 2,605 | 3,454 | ' |
Permanent Real Estate Loans [Member] | Substandard [Member] | Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 28,914 | 26,679 | ' |
Permanent Real Estate Loans [Member] | Substandard [Member] | Land [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 487 | 5,932 | ' |
Permanent Real Estate Loans [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Permanent Real Estate Loans [Member] | Doubtful [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Permanent Real Estate Loans [Member] | Doubtful [Member] | Multi-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Permanent Real Estate Loans [Member] | Doubtful [Member] | Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Permanent Real Estate Loans [Member] | Doubtful [Member] | Land [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Permanent Real Estate Loans [Member] | Classified Loss [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Permanent Real Estate Loans [Member] | Classified Loss [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Permanent Real Estate Loans [Member] | Classified Loss [Member] | Multi-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Permanent Real Estate Loans [Member] | Classified Loss [Member] | Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Permanent Real Estate Loans [Member] | Classified Loss [Member] | Land [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Permanent Real Estate Loans [Member] | Classified [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 40,724 | 43,651 | ' |
Permanent Real Estate Loans [Member] | Classified [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 8,718 | 7,586 | ' |
Permanent Real Estate Loans [Member] | Classified [Member] | Multi-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 2,605 | 3,454 | ' |
Permanent Real Estate Loans [Member] | Classified [Member] | Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 28,914 | 26,679 | ' |
Permanent Real Estate Loans [Member] | Classified [Member] | Land [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 487 | 5,932 | ' |
Construction Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 53,349 | 32,852 | 63,867 |
Construction Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 53,349 | 28,318 | ' |
Construction Loans [Member] | Multi-Family and Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | 4,534 | ' |
Construction Loans [Member] | Unclassified [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 50,257 | 25,111 | ' |
Construction Loans [Member] | Unclassified [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 50,257 | 20,577 | ' |
Construction Loans [Member] | Unclassified [Member] | Multi-Family and Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | 4,534 | ' |
Construction Loans [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | 196 | ' |
Construction Loans [Member] | Special Mention [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | 196 | ' |
Construction Loans [Member] | Special Mention [Member] | Multi-Family and Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Construction Loans [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 3,092 | 7,545 | ' |
Construction Loans [Member] | Substandard [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 3,092 | 7,545 | ' |
Construction Loans [Member] | Substandard [Member] | Multi-Family and Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Construction Loans [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Construction Loans [Member] | Doubtful [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Construction Loans [Member] | Doubtful [Member] | Multi-Family and Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Construction Loans [Member] | Classified Loss [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Construction Loans [Member] | Classified Loss [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Construction Loans [Member] | Classified Loss [Member] | Multi-Family and Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Construction Loans [Member] | Classified [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 3,092 | 7,545 | ' |
Construction Loans [Member] | Classified [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 3,092 | 7,545 | ' |
Construction Loans [Member] | Classified [Member] | Multi-Family and Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Consumer Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 189,231 | 214,593 | 238,397 |
Consumer Loans [Member] | Home Equity [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 159,795 | 177,230 | ' |
Consumer Loans [Member] | Auto [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 5,669 | 7,648 | ' |
Consumer Loans [Member] | Marine [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 4,308 | 4,942 | ' |
Consumer Loans [Member] | Recreational Vehicles [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 17,347 | 22,250 | ' |
Consumer Loans [Member] | Other [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 2,112 | 2,523 | ' |
Consumer Loans [Member] | Unclassified [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 185,656 | 209,260 | ' |
Consumer Loans [Member] | Unclassified [Member] | Home Equity [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 156,841 | 173,696 | ' |
Consumer Loans [Member] | Unclassified [Member] | Auto [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 5,507 | 7,453 | ' |
Consumer Loans [Member] | Unclassified [Member] | Marine [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 4,143 | 4,745 | ' |
Consumer Loans [Member] | Unclassified [Member] | Recreational Vehicles [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 17,066 | 20,859 | ' |
Consumer Loans [Member] | Unclassified [Member] | Other [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 2,099 | 2,507 | ' |
Consumer Loans [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 51 | 89 | ' |
Consumer Loans [Member] | Special Mention [Member] | Home Equity [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 46 | 82 | ' |
Consumer Loans [Member] | Special Mention [Member] | Auto [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 5 | 7 | ' |
Consumer Loans [Member] | Special Mention [Member] | Marine [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Consumer Loans [Member] | Special Mention [Member] | Recreational Vehicles [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Consumer Loans [Member] | Special Mention [Member] | Other [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Consumer Loans [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 3,524 | 5,244 | ' |
Consumer Loans [Member] | Substandard [Member] | Home Equity [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 2,954 | 3,534 | ' |
Consumer Loans [Member] | Substandard [Member] | Auto [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 116 | 113 | ' |
Consumer Loans [Member] | Substandard [Member] | Marine [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 160 | 190 | ' |
Consumer Loans [Member] | Substandard [Member] | Recreational Vehicles [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 281 | 1,391 | ' |
Consumer Loans [Member] | Substandard [Member] | Other [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 13 | 16 | ' |
Consumer Loans [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Consumer Loans [Member] | Doubtful [Member] | Home Equity [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Consumer Loans [Member] | Doubtful [Member] | Auto [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Consumer Loans [Member] | Doubtful [Member] | Marine [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Consumer Loans [Member] | Doubtful [Member] | Recreational Vehicles [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Consumer Loans [Member] | Doubtful [Member] | Other [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Consumer Loans [Member] | Classified Loss [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Consumer Loans [Member] | Classified Loss [Member] | Home Equity [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Consumer Loans [Member] | Classified Loss [Member] | Auto [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Consumer Loans [Member] | Classified Loss [Member] | Marine [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Consumer Loans [Member] | Classified Loss [Member] | Recreational Vehicles [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Consumer Loans [Member] | Classified Loss [Member] | Other [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Consumer Loans [Member] | Classified [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 3,524 | 5,244 | ' |
Consumer Loans [Member] | Classified [Member] | Home Equity [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 2,954 | 3,534 | ' |
Consumer Loans [Member] | Classified [Member] | Auto [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 116 | 113 | ' |
Consumer Loans [Member] | Classified [Member] | Marine [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 160 | 190 | ' |
Consumer Loans [Member] | Classified [Member] | Recreational Vehicles [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 281 | 1,391 | ' |
Consumer Loans [Member] | Classified [Member] | Other [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 13 | 16 | ' |
Commercial Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 26,141 | 26,543 | ' |
Commercial Loans [Member] | Secured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 25,714 | 24,243 | ' |
Commercial Loans [Member] | Unsecured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 427 | 2,300 | ' |
Commercial Loans [Member] | Unclassified [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 19,782 | 22,324 | ' |
Commercial Loans [Member] | Unclassified [Member] | Secured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 19,714 | 20,843 | ' |
Commercial Loans [Member] | Unclassified [Member] | Unsecured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 68 | 1,481 | ' |
Commercial Loans [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 190 | 780 | ' |
Commercial Loans [Member] | Special Mention [Member] | Secured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 190 | 769 | ' |
Commercial Loans [Member] | Special Mention [Member] | Unsecured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | 11 | ' |
Commercial Loans [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 6,169 | 3,439 | ' |
Commercial Loans [Member] | Substandard [Member] | Secured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 5,810 | 2,631 | ' |
Commercial Loans [Member] | Substandard [Member] | Unsecured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 359 | 808 | ' |
Commercial Loans [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Commercial Loans [Member] | Doubtful [Member] | Secured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Commercial Loans [Member] | Doubtful [Member] | Unsecured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Commercial Loans [Member] | Classified Loss [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Commercial Loans [Member] | Classified Loss [Member] | Secured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Commercial Loans [Member] | Classified Loss [Member] | Unsecured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Commercial Loans [Member] | Classified [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 6,169 | 3,439 | ' |
Commercial Loans [Member] | Classified [Member] | Secured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 5,810 | 2,631 | ' |
Commercial Loans [Member] | Classified [Member] | Unsecured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | $359 | $808 | ' |
Loans_Loans_to_Officers_andor_
Loans - Loans to Officers and/or Directors (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Receivables [Abstract] | ' |
Beginning balance, loans | $1,387 |
New loans to officers and/or directors | ' |
Loan payments during 2013 | -308 |
Reductions due to changes in officers and/or directors | -359 |
Ending balance, loans | $720 |
Mortgage_Banking_Activities_Ad
Mortgage Banking Activities - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Mortgage Banking [Abstract] | ' | ' | ' |
Mortgage loans serviced for others | $1,100,000,000 | $1,100,000,000 | ' |
Total services loans | 1,300,000 | 1,700,000 | ' |
Fair value of mortgage servicing rights | 10,200,000 | 6,800,000 | 5,600,000 |
Interest rate lock commitments for the future delivery of residential mortgage loans | 15,600,000 | 57,500,000 | ' |
Forward commitments for the future delivery of residential mortgage loans | 17,500,000 | 55,000,000 | ' |
Amounts held in custodial accounts | 15,000,000 | 18,100,000 | ' |
Expense incurred for settlements | 2,000,000 | ' | ' |
Reserve for settlements | $1,200,000 | ' | ' |
Mortgage_Banking_Activities_Pr
Mortgage Banking Activities - Principal Balance of Mortgage Servicing Rights (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Mortgage loan portfolios serviced for: | ' | ' |
Mortgage loan portfolios service | $1,100,000,000 | $1,100,000,000 |
FHLMC [Member] | ' | ' |
Mortgage loan portfolios serviced for: | ' | ' |
Mortgage loan portfolios service | 817,108 | 827,146 |
FNMA [Member] | ' | ' |
Mortgage loan portfolios serviced for: | ' | ' |
Mortgage loan portfolios service | $316,142 | $283,340 |
Mortgage_Banking_Activities_Ca
Mortgage Banking Activities - Capitalized Mortgage Servicing Rights (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Mortgage Banking [Abstract] | ' | ' | ' |
Beginning balance | $6,186 | $6,375 | $6,400 |
Originations | 1,898 | 2,395 | 2,204 |
Amortized to expense | -2,143 | -2,584 | -2,229 |
Ending balance | 5,941 | 6,186 | 6,375 |
Less valuation allowance | ' | -680 | -1,785 |
Net balance | $5,941 | $5,506 | $4,590 |
Mortgage_Banking_Activities_Va
Mortgage Banking Activities - Valuation Allowance for Mortgage Servicing Rights (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Mortgage Banking [Abstract] | ' | ' | ' |
Balance, beginning of year | ($680) | ($1,785) | ($285) |
Impairment charges | ' | -1,179 | -1,727 |
Recoveries | 680 | 2,284 | 227 |
Balance, end of year | ' | ($680) | ($1,785) |
Mortgage_Banking_Activities_Ke
Mortgage Banking Activities - Key Economic Assumptions in Measuring Value of Mortgage Servicing Rights (Detail) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Mortgage Banking [Abstract] | ' | ' |
Weighted average prepayment rate | 182 | 401 |
Weighted average life (in years) | '3 years 11 months 9 days | '3 years 11 months 5 days |
Weighted average discount rate | 8.00% | 8.00% |
Other_Real_Estate_Owned_and_Ot2
Other Real Estate Owned and Other Repossessed Assets - Real Estate Owned and Other Repossessed Assets (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Other Real Estate Owned And Other Repossessed Assets [Abstract] | ' | ' | ' | ' |
Real estate owned and other repossessed assets | $10,400 | $25,236 | ' | ' |
Valuation allowance | -4,059 | -6,796 | -8,764 | -7,332 |
End of period | $6,341 | $18,440 | ' | ' |
Other_Real_Estate_Owned_and_Ot3
Other Real Estate Owned and Other Repossessed Assets - Valuation Allowance Related to Real Estate Owned (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Other Real Estate Owned And Other Repossessed Assets [Abstract] | ' | ' | ' |
Beginning of year | $6,796 | $8,764 | $7,332 |
Additions charged to expense | 2,014 | 2,248 | 4,684 |
Direct write-downs | -4,751 | -4,216 | -3,252 |
End of year | ($4,059) | ($6,796) | ($8,764) |
Other_Real_Estate_Owned_and_Ot4
Other Real Estate Owned and Other Repossessed Assets - Expenses Related to Foreclosed and Repossessed Assets (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Other Real Estate Owned And Other Repossessed Assets [Abstract] | ' | ' | ' |
Net loss on sales | $167 | $1,943 | $1,481 |
Provision for unrealized losses | 2,014 | 2,248 | 4,684 |
Operating expenses, net of rental income | 1,450 | 1,743 | 2,891 |
Total expenses | $3,631 | $5,934 | $9,056 |
Premises_and_Equipment_Summary
Premises and Equipment - Summary of Premises and Equipment (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | $53,385 | $52,182 |
Less: Accumulated depreciation and amortization | 32,461 | 30,633 |
Total | 20,924 | 21,549 |
Land [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | 7,054 | 7,054 |
Buildings [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | 23,176 | 23,020 |
Leasehold Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | 1,124 | 1,114 |
Furniture and Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | $22,031 | $20,994 |
Premises_and_Equipment_Additio
Premises and Equipment - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Property Plant And Equipment Useful Life And Values [Abstract] | ' | ' | ' |
Depreciation expense | $1,900,000 | $1,300,000 | $1,700,000 |
Rent expense | $672,000 | $779,000 | $719,000 |
Premises_and_Equipment_Compone
Premises and Equipment - Component of Rent Commitments under Noncancelable Operating Leases (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Operating Leases Future Minimum Payments Due [Abstract] | ' |
2014 | $401 |
2015 | 310 |
2016 | 192 |
2017 | 168 |
2018 | 174 |
Thereafter | 1,437 |
Total | $2,682 |
Intangible_Assets_Amortization
Intangible Assets - Amortization Intangible Assets and Estimated Amortization Expense (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | $8,952 | $8,952 |
Accumulated Amortization | 8,800 | 8,714 |
For the year ended December 31, 2014 | 68 | ' |
For the year ended December 31, 2015 | 54 | ' |
For the year ended December 31, 2016 | 25 | ' |
For the year ended December 31, 2017 | 3 | ' |
For the year ended December 31, 2018 | 2 | ' |
Core deposits intangibles [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount | 8,952 | 8,952 |
Accumulated Amortization | $8,800 | $8,714 |
Intangible_Assets_Additional_I
Intangible Assets - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Intangible Assets Disclosure [Abstract] | ' | ' | ' |
Aggregate amortization expense | $86 | $108 | $139 |
Deposits_Components_of_Deposit
Deposits - Components of Deposits (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Checking accounts: | ' | ' |
Interest bearing | $132,751 | $132,947 |
Non-interest bearing | 170,590 | 159,767 |
Savings accounts | 267,515 | 264,411 |
Money market accounts | 328,625 | 345,651 |
Certificates of deposit | 492,271 | 559,298 |
Total deposits | $1,391,752 | $1,462,074 |
Deposits_Interest_Expense_on_D
Deposits - Interest Expense on Deposits (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Interest Expense Deposits [Abstract] | ' | ' | ' |
Interest bearing demand deposits and money market accounts | $1,016 | $1,565 | $2,231 |
Savings accounts | 242 | 332 | 501 |
Certificates of deposit | 6,365 | 9,999 | 21,609 |
Total | $7,623 | $11,896 | $24,341 |
Deposits_Summary_of_Certificat
Deposits - Summary of Certificates of Deposit by Maturity (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Maturities Of Time Deposits [Abstract] | ' | ' |
2014 | $214,819 | ' |
2015 | 88,595 | ' |
2016 | 61,028 | ' |
2017 | 57,043 | ' |
2018 and thereafter | 70,786 | ' |
Total | $492,271 | $559,298 |
Deposits_Summary_of_Certificat1
Deposits - Summary of Certificates of Deposit with Balances of $100,000 or More by Maturity (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Contractual Maturities Of Time Deposits 100000 Or More Disclosures [Abstract] | ' | ' |
Three months or less | $19,868 | $14,274 |
Over three months to six months | 13,123 | 6,120 |
Over six months to twelve months | 11,422 | 21,759 |
Over twelve months | 79,510 | 102,552 |
Total | $123,923 | $144,705 |
Deposits_Additional_Informatio
Deposits - Additional Information (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Deposits [Line Items] | ' | ' |
Brokered deposits with Home Savings | $0 | $0 |
Power CD, equity-linked time deposits | 492,271,000 | 559,298,000 |
Home Savings [Member] | Power CD [Member] | ' | ' |
Deposits [Line Items] | ' | ' |
Power CD, equity-linked time deposits | $2,000,000 | $0 |
Federal_Home_Loan_Bank_Advance2
Federal Home Loan Bank Advances - Summary of FHLB Advances (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Federal Home Loan Bank Advances Maturities Summary [Abstract] | ' | ' |
2017, Amount | $50,000 | $50,000 |
2017, Weighted average rate | 4.20% | 4.20% |
Federal_Home_Loan_Bank_Advance3
Federal Home Loan Bank Advances - Additional Information (Detail) (USD $) | Dec. 31, 2013 |
In Millions, unless otherwise specified | |
Federal Home Loan Bank Advances Activity For Year [Abstract] | ' |
Credit available for collateral with FHLB | $309.10 |
Credit outstanding | 50 |
Amount of prepayment penalty | $5.30 |
Minimum ratio required of collateral to advances for one-to-four-family loans | 125.00% |
Securities_Sold_Under_Agreemen2
Securities Sold Under Agreement to Repurchase and Other Borrowings - Summary of Securities Sold under an Agreement to Repurchase and Other Borrowings (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Securities Sold Under Agreements To Repurchase [Abstract] | ' | ' |
Securities sold under agreement to repurchase-term, Amount | $90,000 | $90,000 |
Other borrowings, Amount | 578 | 598 |
Total repurchase agreements and other, Amount | $90,578 | $90,598 |
Securities sold under agreement to repurchase-term, Weighted average rate | 4.01% | 4.01% |
Other borrowings, Weighted average rate | 4.00% | 4.00% |
Total repurchase agreements and other, Weighted average rate | 4.01% | 4.01% |
Securities_Sold_Under_Agreemen3
Securities Sold Under Agreement to Repurchase and Other Borrowings - Summary of Balances and Interest Rates (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Securities Sold Under Agreements To Repurchase [Abstract] | ' | ' | ' |
Average daily balance during the year | $90,588 | $90,608 | $94,477 |
Average interest rate during the year | 4.01% | 4.01% | 3.90% |
Maximum month end balance during the year | $90,597 | $90,616 | $100,446 |
Weighted average interest rate at year end | 4.01% | 4.01% | 4.01% |
Securities_Sold_Under_Agreemen4
Securities Sold Under Agreement to Repurchase and Other Borrowings - Additional Information (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Tranches | ||
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Number of repurchase agreement tranches | 3 | ' |
Fair value of mortgage-backed securities | $121,200,000 | $125,500,000 |
Match-funding advance related to a commercial participation loan | 578,000 | 598,000 |
Tranches One [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Repurchase agreements tranches amount | 30,000,000 | ' |
Maturity date of tranches | 26-Jan-16 | ' |
Prepayment penalties on repurchase agreements | 2,100,000 | ' |
Tranches Two [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Repurchase agreements tranches amount | 30,000,000 | ' |
Maturity date of tranches | 26-Sep-16 | ' |
Prepayment penalties on repurchase agreements | 2,800,000 | ' |
Tranches Three [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Repurchase agreements tranches amount | 30,000,000 | ' |
Maturity date of tranches | 20-Feb-17 | ' |
Prepayment penalties on repurchase agreements | $3,000,000 | ' |
Income_Taxes_Components_of_Inc
Income Taxes - Components of Income Tax Expense (Benefit) (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current | ' | ' | ' | ' | ' | ' | $200 | ' | ' |
Deferred | ' | ' | ' | ' | ' | ' | 2,958 | -7,522 | -148 |
Changes in valuation allowance | ' | ' | ' | ' | ' | ' | -2,958 | 6,634 | 148 |
Income tax provision (benefit), total amount | ($300) | $350 | $150 | ' | $1,950 | ($2,838) | $200 | ($888) | ' |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Income Tax Disclosure [Line Items] | ' | ' | ' |
Tax (benefit) at statutory rate, rate | 35.00% | 35.00% | 35.00% |
Net deferred tax asset | ' | ' | ' |
Operating loss carryforwards used against taxable income | 76,100,000 | ' | ' |
Expiration dates, operating loss carried forward | 31-Dec-30 | ' | ' |
Alternative minimum tax credits carried forward | 339,000 | ' | ' |
Retained earnings for which no provision made | 21,100,000 | ' | ' |
Unrecorded deferred tax liability | 7,300,000 | ' | ' |
Deficit tax earnings and profits | 81,515,000 | 86,345,000 | ' |
Unrecognized tax benefits or accrued interest and penalties | 0 | 0 | ' |
Year under examination by taxing authorities | '2010 | ' | ' |
Home Savings [Member] | ' | ' | ' |
Income Tax Disclosure [Line Items] | ' | ' | ' |
Deficit tax earnings and profits | $5,700,000 | ' | ' |
Income_Taxes_Summary_of_Differ
Income Taxes - Summary of Difference in Effective Tax Rates and Statutory Federal Income Tax Rate of 35% (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Tax (benefit) at statutory rate, amount | ' | ' | ' | ' | ' | ' | $3,580 | ($7,464) | $81 |
Tax exempt income, amount | ' | ' | ' | ' | ' | ' | ' | ' | -1 |
Life insurance, amount | ' | ' | ' | ' | ' | ' | -382 | -575 | -367 |
Other, amount | ' | ' | ' | ' | ' | ' | -40 | 517 | 139 |
Valuation allowance, amount | ' | ' | ' | ' | ' | ' | -2,958 | 6,634 | 148 |
Income tax provision (benefit), total amount | ($300) | $350 | $150 | ' | $1,950 | ($2,838) | $200 | ($888) | ' |
Tax (benefit) at statutory rate, rate | ' | ' | ' | ' | ' | ' | 35.00% | 35.00% | 35.00% |
Tax exempt income, rate | ' | ' | ' | ' | ' | ' | ' | ' | -0.40% |
Life insurance, rate | ' | ' | ' | ' | ' | ' | -3.70% | 2.70% | -159.50% |
Other, rate | ' | ' | ' | ' | ' | ' | -0.40% | -2.40% | 60.50% |
Valuation allowance, rate | ' | ' | ' | ' | ' | ' | -28.90% | -31.10% | 64.40% |
Income tax provision (benefit), total rate | ' | ' | ' | ' | ' | ' | 2.00% | 4.20% | 0.00% |
Income_Taxes_Significant_Compo
Income Taxes - Significant Components of Deferred Tax Assets and Liabilities (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deferred tax assets: | ' | ' |
Loan loss reserves | $7,391 | $7,396 |
Postretirement benefits | 1,162 | 1,254 |
Other real estate owned valuation | 1,421 | 2,379 |
Tax credits carryforward | 339 | 224 |
Securities impairment charges | 153 | 153 |
Unrealized loss on securities available for sale | 14,138 | ' |
Interest on nonaccrual loans | 758 | 1,632 |
Net operating loss carryforward | 26,708 | 27,701 |
Purchase accounting adjustment | 70 | 51 |
Accrued bonuses | 456 | 405 |
Other | 295 | 465 |
Less: Valuation allowance | -42,802 | -28,838 |
Deferred tax assets | 10,089 | 12,822 |
Deferred tax liabilities: | ' | ' |
Deferred loan fees | 405 | 442 |
Federal Home Loan Bank stock dividends | 6,715 | 6,715 |
Mortgage servicing rights | 2,079 | 1,927 |
Unrealized gain on securities available for sale | ' | 2,819 |
Postretirement benefits accrual | 640 | 605 |
Prepaid expenses | 250 | 314 |
Deferred tax liabilities | 10,089 | 12,822 |
Net deferred tax asset | ' | ' |
Shareholders_Equity_Additional
Shareholders' Equity - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Class of Stock [Line Items] | ' | ' | ' |
United Community paid cash or stock dividends | $0 | ' | ' |
Home Savings retained earnings distributed | 0 | ' | ' |
Dividend received by United Community from Home Savings | 0 | ' | ' |
Deficit tax earnings and profits | 81,515,000 | 86,345,000 | ' |
Reclassification of gains or (losses) and impairment charges on sales of securities | -2,577,000 | -6,325,000 | -8,633,000 |
Home Savings established a liquidation account, totaling | 141,400,000 | ' | ' |
Home Savings [Member] | ' | ' | ' |
Class of Stock [Line Items] | ' | ' | ' |
Deficit tax earnings and profits | $5,700,000 | ' | ' |
Shareholders_Equity_Other_Comp
Shareholders' Equity - Other Comprehensive Income (Loss) Components and Related Tax Effects (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Equity [Abstract] | ' | ' | ' |
Unrealized holding gain (loss) on securities available for sale | ($45,869) | $8,827 | $17,664 |
Reclassification adjustment for gains realized in income | -2,577 | -6,325 | -8,633 |
Reclassification adjustment for prior OTTI charges | ' | 13 | 89 |
Net unrealized gains (losses) | -48,446 | 2,515 | 9,120 |
Tax effect (35%) | ' | -880 | ' |
Net-of-tax amount | -48,446 | 1,635 | 9,120 |
Net gain on employee pension plan | 288 | 193 | 79 |
Prior service cost (credit) | ' | ' | 689 |
Amortization of prior service cost | -189 | -170 | -78 |
Total recognized in other comprehensive income | 99 | 23 | 690 |
Tax effect | ' | -8 | ' |
Net current period other comprehensive loss, Postretirement Benefits | 99 | 15 | 690 |
Total other comprehensive income (loss) | ($48,347) | $1,650 | $9,810 |
Shareholders_Equity_Other_Comp1
Shareholders' Equity - Other Comprehensive Income (Loss) Components and Related Tax Effects (Parenthetical) (Detail) | 12 Months Ended |
Dec. 31, 2013 | |
Equity [Abstract] | ' |
Tax effect rate | 35.00% |
Shareholders_Equity_Summary_of
Shareholders' Equity - Summary of Accumulated Other Comprehensive Income (Loss) Balances, Net of Tax (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Equity [Abstract] | ' | ' | ' |
Unrealized gain (loss) on securities available for sale, Beginning Balance | $5,082 | ' | ' |
Unrealized gain (loss) on securities available for sale, Current Period Change | -48,446 | 1,635 | 9,120 |
Unrealized gain (loss) on securities available for sale, Ending Balance | -43,364 | 5,082 | ' |
Unrealized gains on post-retirement benefits, Beginning Balance | 1,600 | ' | ' |
Unrealized gains on post-retirement benefits, Current Period Change | 99 | ' | ' |
Unrealized gains on post-retirement benefits, Ending Balance | 1,699 | 1,600 | ' |
Total, Beginning Balance | 6,682 | ' | ' |
Total, Current Period Change | -48,347 | 1,650 | 9,810 |
Total, Ending Balance | ($41,665) | $6,682 | ' |
Shareholders_Equity_Summary_of1
Shareholders' Equity - Summary of Each Component of Accumulated Other Comprehensive Income (Loss), Net Income (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Amounts Reclassified Out Of Accumulated Other Comprehensive Income Loss [Abstract] | ' | ' | ' |
Unrealized gains/losses on Available for Sale Securities, Beginning Balance | $5,082 | ' | ' |
Other comprehensive income (loss) before reclassification, Unrealized gains/losses on Available for Sale Securities | -45,869 | ' | ' |
Amounts reclassified from accumulated other comprehensive loss, Unrealized gains/losses on Available for Sale Securities | -2,577 | -6,325 | -8,633 |
Unrealized gains (losses) on securities available for sale, Current Period Change | -48,446 | 1,635 | 9,120 |
Unrealized gains/losses on Available for Sale Securities, Ending Balance | -43,364 | 5,082 | ' |
Postretirement Benefits, Beginning Balance | 1,600 | ' | ' |
Other comprehensive income (loss) before reclassification, Postretirement Benefits | 288 | ' | ' |
Amounts reclassified from accumulated other comprehensive loss, Postretirement Benefits | -189 | ' | ' |
Net current period other comprehensive loss, Postretirement Benefits | 99 | 15 | 690 |
Postretirement Benefits, Ending Balance | 1,699 | 1,600 | ' |
Total, Beginning Balance | 6,682 | ' | ' |
Other comprehensive income (loss) before reclassification, Total | -45,581 | ' | ' |
Amounts reclassified from accumulated other comprehensive loss, Total | -2,766 | ' | ' |
Total other comprehensive income (loss) | -48,347 | 1,650 | 9,810 |
Total, Ending Balance | ($41,665) | $6,682 | ' |
Shareholders_Equity_Summary_of2
Shareholders' Equity - Summary of Reclassification Out of Each Component of Accumulated Comprehensive Income (Loss) (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Equity [Abstract] | ' | ' | ' |
Realized net gains on the sale of available for sale securities, gains on securities available for sale | ($2,577) | ($6,325) | ($8,633) |
Realized net gains on the sale of available for sale securities, tax expense (benefit) | ' | ' | ' |
Realized net gains on the sale of available for sale securities, gains on securities available for sale, net of tax | -2,577 | -6,325 | -8,633 |
Amortization of postretirement benefits | ' | ' | ' |
Amortization of postretirement benefits, prior service costs on Salaries & employee benefits | -189 | -170 | -78 |
Amortization of postretirement benefits, prior service costs and actuarial gain, tax expense (benefit) | ' | -8 | ' |
Amortization of postretirement benefits, prior service costs and actuarial gain, net of tax | -189 | ' | ' |
Total reclassification during the period | ($2,766) | ' | ' |
Regulatory_Capital_Requirement2
Regulatory Capital Requirements - Actual and Statutory Required Capital Amounts and Ratios (Detail) (USD $) | Jan. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | Actual [Member] | Actual [Member] | Minimum Capital Requirements Per Regulation [Member] | Minimum Capital Requirements Per Regulation [Member] | To be Well Capitalized Under Prompt Corrective Action Provisions [Member] | To be Well Capitalized Under Prompt Corrective Action Provisions [Member] | Minimum Capital Requirements Per Bank Order [Member] | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total risk-based capital to risk-weighted assets | ' | ' | ' | $200,835 | $174,139 | $81,293 | $85,965 | $101,616 | $107,457 | $128,948 |
Tier 1 capital to risk-weighted assets | ' | ' | ' | 188,029 | 160,612 | ' | ' | 60,969 | 64,474 | ' |
Tier 1 capital to average total assets | ' | ' | ' | $188,029 | $160,612 | $71,611 | $73,878 | $89,514 | $92,348 | $166,226 |
Total risk-based capital to risk-weighted assets, ratio | 12.00% | ' | 12.00% | 19.76% | 16.21% | 8.00% | 8.00% | 10.00% | 10.00% | 12.00% |
Tier 1 capital to risk-weighted assets, ratio | ' | ' | ' | 18.50% | 14.95% | ' | ' | 6.00% | 6.00% | ' |
Tier 1 capital to average total assets, ratio | 8.50% | 8.70% | 9.00% | 10.50% | 8.70% | 4.00% | 4.00% | 5.00% | 5.00% | 9.00% |
Regulatory_Capital_Requirement3
Regulatory Capital Requirements - Additional Information (Detail) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Jan. 31, 2013 | Jun. 30, 2012 | |
Banking And Thrift [Abstract] | ' | ' | ' | ' |
Minimum total risk-based Capital Ratio | 12.00% | ' | ' | ' |
Maximum period to restore capital ratio to required level | '90 days | ' | ' | ' |
Tier 1 leverage capital ratio | ' | 8.70% | 8.50% | 9.00% |
Bank's commitment, effective date | 31-Mar-13 | ' | ' | ' |
Minimum Tier 1 leverage ratio to prevent from restoring capital ratios | ' | 9.00% | ' | ' |
Benefit_Plans_Additional_Infor
Benefit Plans - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Minimum year of service to qualify for postretirement medical benefits | '20 years | ' | ' |
Minimum age to qualify for postretirement medical benefits | '60 years | ' | ' |
Condition to qualify for postretirement medical benefits | 'Employees who worked 20 years and attained a minimum age of 60 by September 1, 2000 | ' | ' |
Accumulated benefit obligation | $1,400,000 | $1,900,000 | ' |
Estimated net gain for the postretirement plan | 142,000 | ' | ' |
Prior service costs for the postretirement plan | 77,000 | ' | ' |
Weighted-average annual assumed rate of increase in the per capita cost of coverage benefits, 2013 | 3.00% | ' | ' |
Weighted-average annual assumed rate of increase in the per capita cost of coverage benefits, 2015 | 5.00% | ' | ' |
Weighted-average annual assumed rate of increase in the per capita cost of coverage benefits, 2016 | 4.75% | ' | ' |
Weighted-average annual assumed rate of increase in the per capita cost of coverage benefits, 2017 | 4.50% | ' | ' |
Weighted-average annual assumed rate of increase in the per capita cost of coverage benefits, 2012 | 6.00% | ' | ' |
Weighted-average annual assumed rate of decrease in the per capita cost of coverage benefits, 2017 | 4.50% | ' | ' |
Weighted-average annual assumed rate of increase in the per capita cost of coverage benefits used in the 2011 | ' | ' | 7.50% |
Weighted-average annual assumed rate of decrease in the per capita cost of coverage benefits, 2019 | ' | ' | 4.50% |
Matching contributions made | ' | ' | 0 |
Matching contribution percentage | 25.00% | 25.00% | ' |
Maximum pre-tax contribution of the employees' base pay | 6.00% | 6.00% | ' |
Percentage of vesting of participants in Home Savings contributions | 100.00% | ' | ' |
Expense related to the plan | 204,000 | 230,000 | 0 |
Minimum service required for vesting in Home Savings contribution | '3 years | ' | ' |
Number of shares allocated to plan participants | 0 | ' | ' |
Options granted in 2009 exercisable period | 'P3Y | ' | ' |
Weighted average period to cost recognized | '2 years | ' | ' |
Weighted average remaining life for outstanding stock | '4 years 4 months 24 days | ' | ' |
Exercise price range, lower range limit | $1.20 | ' | ' |
Exercise price range, upper range limit | $12.38 | ' | ' |
Maximum amount deduction of employees salary under employee stock purchase plan | 900 | ' | ' |
Stock Option [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Recognition of stock option expense | 24,140 | 17,701 | 348,668 |
Unrecognized cost of nonvested stock options granted | 22,134 | ' | ' |
Expected additional expense for 2014 | 13,912 | ' | ' |
Restricted Stock [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Recognition of stock option expense | 328,000 | 725,000 | 85,000 |
Unrecognized cost of nonvested stock options granted | 224,000 | ' | ' |
Expected additional expense for 2014 | 74,000 | ' | ' |
Non Vested shares issued during 2013 | 192,937 | 129,321 | ' |
Vested shares during 2013 | 162,366 | ' | ' |
Remaining shares | 29,827 | ' | ' |
1999 Long-Term Incentive Plan [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Authorized shares of stock, option plan, maximum | 3,569,766 | ' | ' |
Option expiry term (Years) | '10 years | ' | ' |
2007 Long-Term Incentive Plan [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Authorized shares of stock, option plan, maximum | 2,000,000 | ' | ' |
Shares Granted | 17,787 | 10,898 | ' |
Maximum term for option exercisable | '10 years | ' | ' |
Unrecognized cost of nonvested stock options granted | $36,000 | ' | ' |
Benefit_Plans_Summary_of_Chang
Benefit Plans - Summary of Changes in Benefit Obligation (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Change in Benefit Obligation: | ' | ' | ' |
Benefit obligation at beginning of year | $1,854 | $1,981 | ' |
Service cost | ' | ' | ' |
Interest cost | -136 | -95 | 132 |
Actuarial gain | -99 | -23 | ' |
Benefits paid | -129 | -9 | ' |
Benefit obligation at end of the year | 1,490 | 1,854 | 1,981 |
Funded status of the plan | ($1,490) | ($1,854) | ' |
Benefit_Plans_Component_of_Acc
Benefit Plans - Component of Accumulated Benefit Obligation (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Compensation And Retirement Disclosure [Abstract] | ' | ' | ' |
Net actuarial gains | $534 | $612 | ' |
Prior service credit | 1,294 | 1,117 | ' |
Net current period other comprehensive loss, Postretirement Benefits | $99 | $15 | $690 |
Benefit_Plans_Components_of_Ne
Benefit Plans - Components of Net Periodic Benefit Cost/(Gain) (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Compensation And Retirement Disclosure [Abstract] | ' | ' | ' |
Service cost | ' | ' | ' |
Interest cost | -136 | -95 | 132 |
Expected return on plan assets | ' | ' | ' |
Net amortization of prior service cost (benefit) | -77 | -78 | -78 |
Amortization of net actuarial gain | -99 | -23 | ' |
Net periodic benefit cost | -136 | -95 | 54 |
Net (gain) loss | -288 | -193 | -79 |
Prior service credit | ' | ' | -689 |
Amortization of prior service cost | 189 | 170 | 78 |
Total recognized in other comprehensive income | -99 | -23 | -690 |
Total recognized in net periodic benefit cost and other comprehensive income | ($235) | ($118) | ($636) |
Assumptions used in the valuations were as follows: | ' | ' | ' |
Weighted average discount rate | 3.95% | 3.00% | 4.00% |
Benefit_Plans_Effects_of_a_One
Benefit Plans - Effects of a One-Percentage Point Change in Assumed in Health Care Cost Trend Rates (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Compensation And Retirement Disclosure [Abstract] | ' |
Effect on total of service and interest cost components, 1 Percentage Point Increase | $3 |
Effect on total of service and interest cost components, 1 Percentage Point Decrease | -3 |
Effect on the postretirement benefit obligation, 1 Percentage Point Increase | 80 |
Effect on the postretirement benefit obligation, 1 Percentage Point Decrease | ($73) |
Benefit_Plans_Anticipated_Bene
Benefit Plans - Anticipated Benefits Payable Over the Next Ten Years (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Compensation And Retirement Disclosure [Abstract] | ' |
2014 | $152 |
2015 | 148 |
2016 | 143 |
2017 | 138 |
2018 | 132 |
2019-2023 | 579 |
Total | $1,292 |
Benefit_Plans_Summary_of_Activ
Benefit Plans - Summary of Activity in the Plans (Detail) (USD $) | 12 Months Ended |
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 |
Compensation And Retirement Disclosure [Abstract] | ' |
Shares, Outstanding at beginning of year | 1,309,942 |
Shares, Granted | 17,787 |
Shares, Exercised | -104,142 |
Shares, Exercised and exchanged | -19,458 |
Shares, Forfeited | -255,439 |
Shares, Outstanding at end of period | 948,690 |
Shares, Options exercisable at end of period | 924,006 |
Weighted average exercise price, Outstanding at beginning of year | $5.77 |
Weighted average exercise price, Granted | $3.63 |
Weighted average exercise price, Exercised | $2.01 |
Weighted average exercise price, Exercised and exchanged | $2.03 |
Weighted average exercise price, Forfeited | $8.66 |
Weighted average exercise price, Outstanding at end of period | $5.44 |
Weighted average exercise price, Options exercisable at the end of period | $5.51 |
Aggregate intrinsic value, Outstanding at beginning of year | ' |
Aggregate intrinsic value, Granted | ' |
Aggregate intrinsic value, Exercised | ' |
Aggregate intrinsic value, Exercised and Exchanged | ' |
Aggregate intrinsic value, Forfeited | ' |
Aggregate intrinsic value, Outstanding at end of period | 917 |
Aggregate intrinsic value, Options exercisable at the end of period | $900 |
Benefit_Plans_Information_Rela
Benefit Plans - Information Related to the Stock Options Granted Under the 1999 Plan and the 2007 Plan (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Compensation And Retirement Disclosure [Abstract] | ' | ' | ' |
Intrinsic value of options exercised | $304,516 | $31,000 | ' |
Cash received from option exercises | 155,000 | 2,000 | ' |
Tax benefit realized from option exercises | ' | ' | ' |
Weighted average fair value of options granted | $2.44 | $1.38 | $0.87 |
Benefit_Plans_WeightedAverage_
Benefit Plans - Weighted-Average Assumptions for Determining Fair Value of Options Granted in 2012 (Detail) | 12 Months Ended |
Dec. 31, 2013 | |
Compensation And Retirement Disclosure [Abstract] | ' |
Risk-free interest rate | 0.99% |
Expected term (years) | '5 years |
Expected stock volatility | 85.75% |
Dividend yield | 0.00% |
Benefit_Plans_Summary_of_Chang1
Benefit Plans - Summary of Changes in the Company's Nonvested Restricted Shares (Detail) (Restricted Stock [Member], USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Restricted Stock [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Shares, Nonvested shares, Beginning balance | 129,321 |
Shares, Granted | 191,607 |
Shares, Vested | -63,470 |
Shares, Forfeited | -64,521 |
Shares, Nonvested shares, Ending balance | 192,937 |
Weighted average grant date fair value, Nonvested shares, Beginning balance | $2.86 |
Weighted average grant date fair value, Granted | $3.67 |
Weighted average grant date fair value, Vested | $2.68 |
Weighted average grant date fair value, Forfeited | $3.56 |
Weighted average grant date fair value, Nonvested shares, Ending balance | $3.49 |
Fair_Value_Additional_Informat
Fair Value - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Fair Value Measurements Disclosure [Line Items] | ' | ' | ' |
Derivative instrument maximum maturity period | '30 years | ' | ' |
Transfer between level 1 and level 2 due to in the valuation of interest rate caps are back-tested | $0 | $0 | ' |
Transfer between level 2 and level 3 due to reconciliation of all assets measured at fair value on a recurring basis | 0 | 0 | ' |
Fair value of the collateral dependent loans, net carrying amount | 4,100,000 | 9,900,000 | ' |
Increase (Decrease) in provision for loan losses | 1,500,000 | 27,000 | ' |
Specific allowance for collateral dependent loans | 792,000 | 3,000,000 | ' |
Discount applied to appraisals for estimated selling costs percentage | 10.00% | ' | ' |
Mortgage servicing rights, fair amount | 0 | 4,900,000 | ' |
Mortgage servicing rights outstanding | ' | 5,600,000 | ' |
Valuation allowance | ' | 680,000 | 1,785,000 |
Mortgage servicing rights net recovery/charge | 680,000 | 1,100,000 | ' |
Other real estate owned carried at fair value | 4,200,000 | 10,100,000 | ' |
Valuation allowance related to other real estate owned | 4,100,000 | 6,800,000 | ' |
Additional expenses related to other real estate owned | 2,000,000 | 2,200,000 | ' |
Maximum maturity period of short term borrowings | '90 days | ' | ' |
Minimum [Member] | ' | ' | ' |
Fair Value Measurements Disclosure [Line Items] | ' | ' | ' |
Increase in fair value | $250,000 | ' | ' |
Fair_Value_Assets_and_Liabilit
Fair Value - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | $511,006 | $574,562 |
Fair Value, Measurements, Recurring [Member] | US Treasury and Government Sponsored Entities Securities [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | 222,293 | 163,692 |
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | 445 | 313 |
Fair Value, Measurements, Recurring [Member] | Mortgage-Backed GSE Securities: Residential [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | 288,268 | 410,557 |
Fair Value, Measurements, Recurring [Member] | Interest Rate Caps [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | 546 | 436 |
Fair Value, Measurements, Recurring [Member] | Purchased Certificate of Deposit Option [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | 155 | ' |
Fair Value, Measurements, Recurring [Member] | Written Certificate of Deposit Option [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | 155 | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member] | US Treasury and Government Sponsored Entities Securities [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | 445 | 313 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-Backed GSE Securities: Residential [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Caps [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member] | Purchased Certificate of Deposit Option [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member] | Written Certificate of Deposit Option [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | US Treasury and Government Sponsored Entities Securities [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | 222,293 | 163,692 |
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-Backed GSE Securities: Residential [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | 288,268 | 410,557 |
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Caps [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | Purchased Certificate of Deposit Option [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | 155 | ' |
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | Written Certificate of Deposit Option [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | 155 | ' |
Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member] | US Treasury and Government Sponsored Entities Securities [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-Backed GSE Securities: Residential [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Caps [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | 546 | 436 |
Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member] | Purchased Certificate of Deposit Option [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member] | Written Certificate of Deposit Option [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | ' | ' |
Fair_Value_Reconciliation_of_A
Fair Value - Reconciliation of All Assets Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) (Detail) (Interest Rate Caps [Member], USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Interest Rate Caps [Member] | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Balance of recurring Level 3 assets at beginning of period | $436 | $1,933 |
Included in other income | 628 | -979 |
Included in other comprehensive income | ' | ' |
Purchases | ' | ' |
Amortization | -518 | -518 |
Sales | ' | ' |
Balance of recurring Level 3 assets at end of period | $546 | $436 |
Fair_Value_Quantitative_Inform
Fair Value - Quantitative Information About Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on Nonrecurring Basis (Interest rate caps) (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair Value | $546 |
Valuation Technique | 'Discounted cash flow |
Minimum [Member] | Discounted Cash Flow [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair Value Inputs, Discount Rate | 0.35% |
Maximum [Member] | Discounted Cash Flow [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair Value Inputs, Discount Rate | 1.18% |
Fair_Value_Assets_Measured_on_
Fair Value - Assets Measured on Non-recurring Basis (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Mortgage servicing assets | ' | $4,920 |
Permanent Real Estate Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | 2,219 | 6,166 |
Construction Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | 1,587 | 3,489 |
Consumer Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | 339 | ' |
Commercial Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | ' | 257 |
Permanent Real Estate Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Other real estate owned, net | 1,939 | 3,172 |
Construction Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Other real estate owned, net | 2,310 | 6,918 |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Mortgage servicing assets | ' | 4,920 |
Significant Unobservable Inputs (Level 3) [Member] | Permanent Real Estate Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | 2,219 | 6,166 |
Significant Unobservable Inputs (Level 3) [Member] | Construction Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | 1,587 | 3,489 |
Significant Unobservable Inputs (Level 3) [Member] | Consumer Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | 339 | ' |
Significant Unobservable Inputs (Level 3) [Member] | Commercial Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | ' | 257 |
Significant Unobservable Inputs (Level 3) [Member] | Permanent Real Estate Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Other real estate owned, net | 1,939 | 3,172 |
Significant Unobservable Inputs (Level 3) [Member] | Construction Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Other real estate owned, net | $2,310 | $6,918 |
Fair_Value_Quantitative_Inform1
Fair Value - Quantitative Information About Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on Nonrecurring Basis (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair Value | $546 |
Valuation Technique | 'Discounted cash flow |
Impaired Loans Permanent Real Estate Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair Value | 2,219 |
Impaired Loans Construction [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair Value | 1,587 |
Permanent Real Estate Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair Value | 1,939 |
Construction Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair Value | 2,310 |
Consumer Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair Value | $339 |
Sales Comparison Approach [Member] | Impaired Loans Permanent Real Estate Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Valuation Technique | 'Sales comparison approach |
Sales Comparison Approach [Member] | Impaired Loans Construction [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Valuation Technique | 'Sales comparison approach |
Sales Comparison Approach [Member] | Permanent Real Estate Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Valuation Technique | 'Sales comparison approach |
Sales Comparison Approach [Member] | Construction Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Valuation Technique | 'Sales comparison approach |
Sales Comparison Approach [Member] | Consumer Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Valuation Technique | 'Sales comparison approach |
Income Approach [Member] | Impaired Loans Permanent Real Estate Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Valuation Technique | 'Income approach |
Weighted Average [Member] | Sales Comparison Approach [Member] | Impaired Loans Permanent Real Estate Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Adjustment for differences between comparable sales | 11.78% |
Weighted Average [Member] | Sales Comparison Approach [Member] | Impaired Loans Construction [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Adjustment for differences between comparable sales | 11.90% |
Weighted Average [Member] | Sales Comparison Approach [Member] | Permanent Real Estate Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Adjustment for differences between comparable sales | 17.76% |
Weighted Average [Member] | Sales Comparison Approach [Member] | Construction Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Adjustment for differences between comparable sales | 9.24% |
Weighted Average [Member] | Sales Comparison Approach [Member] | Consumer Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Adjustment for differences between comparable sales | 5.00% |
Weighted Average [Member] | Income Approach [Member] | Impaired Loans Permanent Real Estate Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Adjustment for differences in net operating income Capitalization rate | 9.41% |
Minimum [Member] | Sales Comparison Approach [Member] | Impaired Loans Permanent Real Estate Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Adjustment for differences between comparable sales | 0.00% |
Minimum [Member] | Sales Comparison Approach [Member] | Impaired Loans Construction [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Adjustment for differences between comparable sales | 0.00% |
Minimum [Member] | Sales Comparison Approach [Member] | Permanent Real Estate Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Adjustment for differences between comparable sales | 6.00% |
Minimum [Member] | Sales Comparison Approach [Member] | Construction Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Adjustment for differences between comparable sales | 6.54% |
Minimum [Member] | Sales Comparison Approach [Member] | Consumer Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Adjustment for differences between comparable sales | 0.00% |
Minimum [Member] | Income Approach [Member] | Impaired Loans Permanent Real Estate Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Adjustment for differences between comparable sales | 3.95% |
Maximum [Member] | Sales Comparison Approach [Member] | Impaired Loans Permanent Real Estate Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Adjustment for differences between comparable sales | 56.90% |
Maximum [Member] | Sales Comparison Approach [Member] | Impaired Loans Construction [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Adjustment for differences between comparable sales | 25.00% |
Maximum [Member] | Sales Comparison Approach [Member] | Permanent Real Estate Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Adjustment for differences between comparable sales | 46.53% |
Maximum [Member] | Sales Comparison Approach [Member] | Construction Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Adjustment for differences between comparable sales | 26.63% |
Maximum [Member] | Sales Comparison Approach [Member] | Consumer Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Adjustment for differences between comparable sales | 10.00% |
Maximum [Member] | Income Approach [Member] | Impaired Loans Permanent Real Estate Loans [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Adjustment for differences between comparable sales | 14.62% |
Fair_Value_Carrying_Value_and_
Fair Value - Carrying Value and Estimated Fair Values of Financial Instruments (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents, Carrying Value | $77,331 | $42,613 | $54,136 | $37,107 |
Available for sale securities, Fair value | 511,006 | 574,562 | ' | ' |
Loans held for sale, Carrying Value | 4,838 | 13,031 | ' | ' |
Loans, net, Carrying Value | 1,029,192 | 1,066,240 | ' | ' |
FHLB stock, Carrying Value | 26,464 | 26,464 | ' | ' |
Accrued interest receivable, Carrying Value | 5,694 | 6,238 | ' | ' |
Checking, savings and money market accounts, Carrying Value | -328,625 | -345,651 | ' | ' |
FHLB advances, Carrying Value | -50,000 | -50,000 | ' | ' |
Repurchase agreements and other, Carrying Value | -90,578 | -90,598 | ' | ' |
Advance payments by borrowers for taxes and insurance, Carrying Value | -20,060 | -23,590 | ' | ' |
Accrued interest payable, Carrying Value | -550 | -563 | ' | ' |
Carrying Value [Member] | ' | ' | ' | ' |
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents, Carrying Value | 77,331 | 42,613 | ' | ' |
Available for sale securities, Carrying value | 511,006 | 574,562 | ' | ' |
Loans held for sale, Carrying Value | 4,838 | 13,031 | ' | ' |
Loans, net, Carrying Value | 1,029,192 | 1,066,240 | ' | ' |
FHLB stock, Carrying Value | 26,464 | 26,464 | ' | ' |
FHLB stock, Fair Value | ' | ' | ' | ' |
Accrued interest receivable, Carrying Value | 5,694 | 6,238 | ' | ' |
Interest rate caps, Carrying Value | 546 | 436 | ' | ' |
Checking, savings and money market accounts, Carrying Value | -899,481 | -902,776 | ' | ' |
Certificates of deposit, Carrying Value | -492,271 | -559,298 | ' | ' |
FHLB advances, Carrying Value | -50,000 | -50,000 | ' | ' |
Repurchase agreements and other, Carrying Value | -90,578 | -90,598 | ' | ' |
Advance payments by borrowers for taxes and insurance, Carrying Value | -20,060 | -23,590 | ' | ' |
Accrued interest payable, Carrying Value | -550 | -563 | ' | ' |
Carrying Value [Member] | Purchased Certificate of Deposit Option [Member] | ' | ' | ' | ' |
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' |
Certificate of deposit option, Carrying Value | 155 | ' | ' | ' |
Carrying Value [Member] | Written Certificate of Deposit Option [Member] | ' | ' | ' | ' |
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' |
Certificate of deposit option, Carrying Value | -155 | ' | ' | ' |
Estimate Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' | ' | ' |
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents, Fair Value | 77,331 | 42,613 | ' | ' |
Available for sale securities, Fair value | 445 | 313 | ' | ' |
Loans held for sale, Fair Value | ' | ' | ' | ' |
Loans, net, Fair Value | ' | ' | ' | ' |
FHLB stock, Fair Value | ' | ' | ' | ' |
Accrued interest receivable, Fair Value | ' | ' | ' | ' |
Interest rate caps, Fair Value | ' | ' | ' | ' |
Checking, savings and money market accounts, Fair Value | -899,481 | -902,776 | ' | ' |
Certificates of deposit, Fair Value | ' | ' | ' | ' |
FHLB advances, Fair Value | ' | ' | ' | ' |
Repurchase agreements and other, Fair Value | ' | ' | ' | ' |
Advance payments by borrowers for taxes and insurance, Fair Value | ' | ' | ' | ' |
Accrued interest payable, Fair Value | ' | ' | ' | ' |
Estimate Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Purchased Certificate of Deposit Option [Member] | ' | ' | ' | ' |
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' |
Certificate of deposit option, Fair Value | ' | ' | ' | ' |
Estimate Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Written Certificate of Deposit Option [Member] | ' | ' | ' | ' |
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' |
Certificate of deposit option, Fair Value | ' | ' | ' | ' |
Estimate Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' | ' |
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents, Fair Value | ' | ' | ' | ' |
Available for sale securities, Fair value | 510,561 | 574,249 | ' | ' |
Loans held for sale, Fair Value | 4,866 | 13,428 | ' | ' |
Loans, net, Fair Value | ' | ' | ' | ' |
FHLB stock, Fair Value | ' | ' | ' | ' |
Accrued interest receivable, Fair Value | 2,584 | 2,380 | ' | ' |
Interest rate caps, Fair Value | ' | ' | ' | ' |
Checking, savings and money market accounts, Fair Value | ' | ' | ' | ' |
Certificates of deposit, Fair Value | -500,651 | -571,836 | ' | ' |
FHLB advances, Fair Value | -55,327 | -57,077 | ' | ' |
Repurchase agreements and other, Fair Value | -98,462 | -102,086 | ' | ' |
Advance payments by borrowers for taxes and insurance, Fair Value | -20,060 | -23,590 | ' | ' |
Accrued interest payable, Fair Value | -550 | -563 | ' | ' |
Estimate Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member] | Purchased Certificate of Deposit Option [Member] | ' | ' | ' | ' |
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' |
Certificate of deposit option, Fair Value | 155 | ' | ' | ' |
Estimate Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member] | Written Certificate of Deposit Option [Member] | ' | ' | ' | ' |
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' |
Certificate of deposit option, Fair Value | -155 | ' | ' | ' |
Estimate Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' | ' |
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents, Fair Value | ' | ' | ' | ' |
Available for sale securities, Fair value | ' | ' | ' | ' |
Loans held for sale, Fair Value | ' | ' | ' | ' |
Loans, net, Fair Value | 1,031,491 | 1,087,205 | ' | ' |
FHLB stock, Fair Value | ' | ' | ' | ' |
Accrued interest receivable, Fair Value | 3,110 | 3,858 | ' | ' |
Interest rate caps, Fair Value | 546 | 436 | ' | ' |
Checking, savings and money market accounts, Fair Value | ' | ' | ' | ' |
Certificates of deposit, Fair Value | ' | ' | ' | ' |
FHLB advances, Fair Value | ' | ' | ' | ' |
Repurchase agreements and other, Fair Value | ' | ' | ' | ' |
Advance payments by borrowers for taxes and insurance, Fair Value | ' | ' | ' | ' |
Accrued interest payable, Fair Value | ' | ' | ' | ' |
Estimate Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member] | Purchased Certificate of Deposit Option [Member] | ' | ' | ' | ' |
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' |
Certificate of deposit option, Fair Value | ' | ' | ' | ' |
Estimate Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member] | Written Certificate of Deposit Option [Member] | ' | ' | ' | ' |
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' |
Certificate of deposit option, Fair Value | ' | ' | ' | ' |
Statement_of_Cash_Flows_Supple2
Statement of Cash Flows Supplemental Disclosure - Supplemental Disclosures of Cash Flow Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Supplemental Cash Flow Information [Abstract] | ' | ' | ' |
Interest on deposits and borrowings | $13,426 | $18,053 | $31,411 |
Income taxes (refunds) | 1,300 | ' | -3,537 |
Supplemental schedule of noncash activities: | ' | ' | ' |
Loans transferred to held for sale | ' | 1,214 | 95,194 |
Transfers from loans to real estate owned | 1,860 | 7,181 | 19,178 |
Transfers from real estate owned to premises and equipment | ' | 1,746 | ' |
Transfers from premises and equipment to assets held for sale | ' | ' | 1,750 |
Amortization of preferred stock discount | 6,751 | ' | ' |
Conversion of preferred stock to common stock | $21,841 | ' | ' |
Derivatives_Additional_Informa
Derivatives - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Derivative [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate caps | $10,936 | ' | ' | ' | $10,109 | ' | ' | ' | $10,936 | $10,109 | ' |
Fair value approximately, current earnings through other noninterest income | 4,124 | 3,548 | 6,384 | 5,693 | 6,939 | 3,752 | 6,949 | 5,091 | 19,749 | 22,731 | 23,225 |
Options declined | ' | ' | ' | ' | ' | ' | ' | ' | 110 | -1,497 | -657 |
Written And Purchased Certificate Of Deposit Option [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Options declined | ' | ' | ' | ' | ' | ' | ' | ' | 53 | ' | ' |
Interest Rate Caps [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Home Savings entered into an interest rate cap agreements | ' | ' | ' | ' | ' | ' | ' | ' | 31-Oct-11 | ' | ' |
Interest rate caps | 546 | ' | ' | ' | 436 | ' | ' | ' | 546 | 436 | ' |
Fair value approximately, current earnings through other noninterest income | ' | ' | ' | ' | ' | ' | ' | ' | $110 | ($1,497) | ' |
Derivatives_Summary_Informatio
Derivatives - Summary Information About the Interest Rate Caps Not Designated Hedges (Detail) (Interest Rate Caps [Member], USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Interest Rate Caps [Member] | ' | ' |
Non Hedging Interest Rate Derivatives [Line Items] | ' | ' |
Notional amounts | $100,000 | $100,000 |
Weighted average strike rate, based on three-month LIBOR | 1.50% | 1.50% |
Weighted average maturity remaining | '2 years 9 months | '3 years 9 months |
Fair value of combined interest rate caps | $546 | $436 |
Derivatives_Net_GainsLosses_Re
Derivatives - Net Gains/(Losses) Recorded in Noninterest Income Relating to Instruments Not Designated as Hedges (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Other Non Interest Income Non Hedging Interest Rate Derivatives [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate caps | $4,124 | $3,548 | $6,384 | $5,693 | $6,939 | $3,752 | $6,949 | $5,091 | $19,749 | $22,731 | $23,225 |
Interest Rate Caps [Member] | Not Designated as Hedging Instrument [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other Non Interest Income Non Hedging Interest Rate Derivatives [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate caps | ' | ' | ' | ' | ' | ' | ' | ' | $110 | ($1,497) | ' |
Derivatives_Summary_Informatio1
Derivatives - Summary Information About Purchased and Written Options (Detail) (Written And Purchased Certificate Of Deposit Option [Member], USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Written And Purchased Certificate Of Deposit Option [Member] | ' |
Non Hedging Interest Rate Derivatives [Line Items] | ' |
Notion amount of purchased/written option | $2,015 |
Weighted average maturity | '5 years 9 months 18 days |
Fair value of purchased/written option | $155 |
Derivatives_Freestanding_Deriv
Derivatives - Freestanding Derivative Assets and Liabilities Not Designated as Hedges (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ' | ' |
Other assets | $10,936 | $10,109 |
Other liabilities | 1,200 | ' |
Not Designated as Hedging Instrument [Member] | Interest Rate Caps [Member] | ' | ' |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ' | ' |
Other assets | 546 | 436 |
Not Designated as Hedging Instrument [Member] | Purchased Certificate of Deposit Option [Member] | ' | ' |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ' | ' |
Other assets | 155 | ' |
Not Designated as Hedging Instrument [Member] | Written Certificate of Deposit Option [Member] | ' | ' |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ' | ' |
Other liabilities | $155 | ' |
Parent_Company_Financial_State2
Parent Company Financial Statements - Condensed Statements of Financial Condition (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Assets | ' | ' | ' | ' |
Cash and deposits with banks | $20,937 | $26,041 | ' | ' |
Federal funds sold and other | 56,394 | 16,572 | ' | ' |
Total cash and cash equivalents | 77,331 | 42,613 | 54,136 | 37,107 |
Securities: | ' | ' | ' | ' |
Available for sale | 511,006 | 574,562 | ' | ' |
Other assets | 10,936 | 10,109 | ' | ' |
Total assets | 1,737,850 | 1,808,365 | ' | ' |
Liabilities and Shareholders' Equity | ' | ' | ' | ' |
Accrued expenses and other liabilities | 9,836 | 10,780 | ' | ' |
Total liabilities | 1,562,776 | 1,637,605 | ' | ' |
Total shareholders' equity | 175,074 | 170,760 | 188,745 | 176,055 |
Total liabilities and shareholders' equity | 1,737,850 | 1,808,365 | ' | ' |
Parent Company [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Cash and deposits with banks | 28,889 | 1,246 | ' | ' |
Federal funds sold and other | 17 | 12 | ' | ' |
Total cash and cash equivalents | 28,906 | 1,258 | 3,579 | 2,621 |
Securities: | ' | ' | ' | ' |
Available for sale | 445 | 313 | ' | ' |
Investment in subsidiary-Home Savings | 146,276 | 167,424 | ' | ' |
Other assets | 46 | 2,104 | ' | ' |
Total assets | 175,673 | 171,099 | ' | ' |
Liabilities and Shareholders' Equity | ' | ' | ' | ' |
Accrued expenses and other liabilities | 599 | 339 | ' | ' |
Total liabilities | 599 | 339 | ' | ' |
Total shareholders' equity | 175,074 | 170,760 | ' | ' |
Total liabilities and shareholders' equity | $175,673 | $171,099 | ' | ' |
Recovered_Sheet1
Parent Company Financial statements - Condensed Statements of Income and Comprehensive Income (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest income | $16,312 | $16,009 | $15,987 | $16,436 | $17,797 | $18,191 | $20,894 | $21,562 | $64,744 | $78,444 | $96,387 |
Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Non-interest expenses | 14,977 | 13,528 | 14,368 | 13,864 | 14,302 | 17,330 | 17,043 | 16,494 | 56,737 | 65,169 | 63,512 |
Loss before income taxes | 1,939 | 2,067 | 3,539 | 2,682 | 4,546 | -29,729 | 62 | 3,796 | 10,227 | -21,325 | 230 |
Income tax benefit | -300 | 350 | 150 | ' | 1,950 | -2,838 | ' | ' | 200 | -888 | ' |
Net income (loss) | 2,239 | 1,717 | 3,389 | 2,682 | 2,596 | -26,891 | 62 | 3,796 | 10,027 | -20,437 | 230 |
Comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -38,320 | -18,787 | 10,040 |
Parent Company [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | 5 | 7 | 5 |
Non-interest income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -13 | -65 |
Total income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 5 | -6 | -60 |
Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Non-interest expenses | ' | ' | ' | ' | ' | ' | ' | ' | 957 | 693 | 775 |
Total expenses | ' | ' | ' | ' | ' | ' | ' | ' | 957 | 693 | 775 |
Loss before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -952 | -699 | -835 |
Income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | ' | -22 | ' |
Loss before equity in undistributed net earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | -952 | -677 | -835 |
Increase (decrease) in undistributed earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 10,979 | -19,760 | 1,065 |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 10,027 | -20,437 | 230 |
Comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ($38,320) | ($18,787) | $10,040 |
Parent_Company_Financial_State3
Parent Company Financial Statements - Condensed Statements of Cash Flows (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash Flows from Operating Activities | ' | ' | ' |
Net income (loss) | $10,027 | ($20,437) | $230 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Security impairment charges on equity investments | ' | 13 | 89 |
Stock based compensation | 352 | 743 | 591 |
Increase (decrease) in other liabilities | -1,060 | -63 | 2,004 |
Net cash from operating activities | 26,036 | 22,526 | 32,735 |
Sales of: | ' | ' | ' |
Securities available for sale | 137,467 | 343,000 | 428,396 |
Net cash from investing activities | 40,052 | 171,042 | 52,727 |
Cash Flows from Financing Activities | ' | ' | ' |
Issuance of preferred stock | 21,841 | ' | ' |
Issuance of common stock, net of issuance costs | 20,501 | ' | 2,059 |
Proceeds from the exercise of stock options | 155 | 2 | ' |
Net cash from financing activities | -31,370 | -205,091 | -68,433 |
Change in cash and cash equivalents | 34,718 | -11,523 | 17,029 |
Cash and cash equivalents, beginning of year | 42,613 | 54,136 | 37,107 |
Cash and cash equivalents, end of year | 77,331 | 42,613 | 54,136 |
Parent Company [Member] | ' | ' | ' |
Cash Flows from Operating Activities | ' | ' | ' |
Net income (loss) | 10,027 | -20,437 | 230 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
(Increase) decrease in undistributed earnings of the subsidiaries | -10,979 | 19,760 | -1,065 |
Security impairment charges on equity investments | ' | 13 | 89 |
Decrease (increase) in other assets | 2,058 | -1,556 | -467 |
Stock based compensation | ' | ' | 49 |
Increase (decrease) in other liabilities | 45 | -103 | 30 |
Net cash from operating activities | 1,151 | -2,323 | -1,134 |
Sales of: | ' | ' | ' |
Securities available for sale | ' | ' | 33 |
Equity investment in Home Savings | -16,000 | ' | ' |
Net cash from investing activities | -16,000 | ' | 33 |
Cash Flows from Financing Activities | ' | ' | ' |
Issuance of preferred stock | 21,841 | ' | ' |
Issuance of common stock, net of issuance costs | 20,501 | ' | 2,059 |
Proceeds from the exercise of stock options | 155 | 2 | ' |
Net cash from financing activities | 42,497 | 2 | 2,059 |
Change in cash and cash equivalents | 27,648 | -2,321 | 958 |
Cash and cash equivalents, beginning of year | 1,258 | 3,579 | 2,621 |
Cash and cash equivalents, end of year | $28,906 | $1,258 | $3,579 |
Segment_Information_Additional
Segment Information - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2013 | |
Segment | |
Segment Reporting [Abstract] | ' |
Reportable operating segment | 1 |
Earnings_Per_Share_Additional_
Earnings Per Share - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | ||
Mar. 22, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Anti-dilutive convertible preferred stock | 7,942 | 677,669 | 618,511 | 1,992,132 |
Preferred convertible securities conversion price | ' | $2.75 | ' | ' |
Preferred convertible securities market value per share | ' | $3.60 | ' | ' |
Earnings_Per_Share_Computation
Earnings Per Share - Computation of Earnings Per Share (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Earnings Per Share [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net (loss) income per consolidated statements of income | $2,239 | $1,717 | $3,389 | $2,682 | $2,596 | ($26,891) | $62 | $3,796 | $10,027 | ($20,437) | $230 |
Net loss allocated to participating securities | ' | ' | ' | ' | ' | ' | ' | ' | -36 | -59 | ' |
Amortization of discount on preferred stock | ' | ' | ' | ' | ' | ' | ' | ' | -6,751 | ' | ' |
Net (loss) income allocated to common stock | ' | ' | ' | ' | ' | ' | ' | ' | 3,240 | -20,378 | 230 |
Distributed earnings allocated to common stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Undistributed (loss) earnings allocated to common stock | ' | ' | ' | ' | ' | ' | ' | ' | 3,240 | -20,378 | 230 |
Net (loss) earnings allocated to common stock | ' | ' | ' | ' | ' | ' | ' | ' | 3,240 | -20,378 | 230 |
Weighted average common shares outstanding, including shares considered participating securities | ' | ' | ' | ' | ' | ' | ' | ' | 44,423 | 32,805 | 31,075 |
Less: Average participating securities | ' | ' | ' | ' | ' | ' | ' | ' | -161 | -94 | -49 |
Weighted average shares | ' | ' | ' | ' | ' | ' | ' | ' | 44,262 | 32,711 | 31,026 |
Basic (loss) earnings per common share | $0.04 | $0.03 | ($0.06) | $0.06 | $0.08 | ($0.82) | ' | $0.12 | $0.07 | ($0.62) | $0.01 |
Net (loss) earnings allocated to common stock | ' | ' | ' | ' | ' | ' | ' | ' | $3,240 | ($20,378) | $230 |
Weighted average common shares outstanding for basic earnings per common share | ' | ' | ' | ' | ' | ' | ' | ' | 44,262 | 32,711 | 31,026 |
Add: Dilutive effects of assumed exercises of stock options | ' | ' | ' | ' | ' | ' | ' | ' | 271 | ' | ' |
Weighted average shares and dilutive potential common shares | ' | ' | ' | ' | ' | ' | ' | ' | 44,533 | 32,711 | 31,026 |
Diluted (loss) earnings per common share | $0.04 | $0.03 | ($0.06) | $0.06 | $0.08 | ($0.82) | ' | $0.12 | $0.07 | ($0.62) | $0.01 |
Earnings_Per_Share_Summary_of_
Earnings Per Share - Summary of BCF Resulting from Issuance of Preferred Shares (Detail) (USD $) | 12 Months Ended |
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 |
Earnings Per Share [Abstract] | ' |
Total common shares that may be issued upon conversion of preferred shares | 7,942 |
Intrinsic value (difference between consideration allocated to preferred stock upon conversion at $2.75 per share and market price of $3.60 per share on March 22, 2013) | $0.85 |
Beneficial conversion feature | $6,751 |
Earnings_Per_Share_Summary_of_1
Earnings Per Share - Summary of BCF Resulting from Issuance of Preferred Shares (Parenthetical) (Detail) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Earnings Per Common Share [Line Items] | ' |
Consideration allocated to preferred stock upon conversion price | $2.75 |
Preferred Stock [Member] | ' |
Earnings Per Common Share [Line Items] | ' |
Market price | $3.60 |
Quarterly_Financial_Informatio2
Quarterly Financial Information - Summary of Quarterly Data (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest income | $16,312 | $16,009 | $15,987 | $16,436 | $17,797 | $18,191 | $20,894 | $21,562 | $64,744 | $78,444 | $96,387 |
Interest expense | 3,238 | 3,305 | 3,351 | 3,519 | 3,786 | 4,063 | 4,474 | 5,683 | 13,413 | 18,006 | 31,212 |
Net interest income | 13,074 | 12,704 | 12,636 | 12,917 | 14,011 | 14,128 | 16,420 | 15,879 | 51,331 | 60,438 | 65,175 |
Provision for loan losses | 282 | 657 | 1,113 | 2,064 | 2,102 | 30,279 | 6,264 | 680 | 4,116 | 39,325 | 24,658 |
Net interest income after provision for loan losses | 12,792 | 12,047 | 11,523 | 10,853 | 11,909 | -16,151 | 10,156 | 15,199 | 47,215 | 21,113 | 40,517 |
Non-interest income | 4,124 | 3,548 | 6,384 | 5,693 | 6,939 | 3,752 | 6,949 | 5,091 | 19,749 | 22,731 | 23,225 |
Non-interest expenses | 14,977 | 13,528 | 14,368 | 13,864 | 14,302 | 17,330 | 17,043 | 16,494 | 56,737 | 65,169 | 63,512 |
Income (loss) before taxes | 1,939 | 2,067 | 3,539 | 2,682 | 4,546 | -29,729 | 62 | 3,796 | 10,227 | -21,325 | 230 |
Income tax expense | -300 | 350 | 150 | ' | 1,950 | -2,838 | ' | ' | 200 | -888 | ' |
Net income (loss) | $2,239 | $1,717 | $3,389 | $2,682 | $2,596 | ($26,891) | $62 | $3,796 | $10,027 | ($20,437) | $230 |
Earnings (loss) per share: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic earnings (loss) | $0.04 | $0.03 | ($0.06) | $0.06 | $0.08 | ($0.82) | ' | $0.12 | $0.07 | ($0.62) | $0.01 |
Diluted earnings (loss) | $0.04 | $0.03 | ($0.06) | $0.06 | $0.08 | ($0.82) | ' | $0.12 | $0.07 | ($0.62) | $0.01 |
Quarterly_Financial_Informatio3
Quarterly Financial Information - Summary of Quarterly Data (Parenthetical) (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Decrease in provision for loan losses | ' | $1,900,000 | ' | ' | ' | ' | ' | ' | ' |
Recognized tax benefit | -300,000 | 350,000 | 150,000 | ' | 1,950,000 | -2,838,000 | 200,000 | -888,000 | ' |
Maximum percentage of AMT operating loss carryforwards usage on current year taxable income | ' | ' | ' | ' | ' | ' | 90.00% | ' | ' |
Company's statutory tax rate | ' | ' | ' | ' | ' | ' | 35.00% | 35.00% | 35.00% |
AMT rate | ' | ' | ' | ' | ' | ' | 20.00% | ' | ' |
Alternate minimum tax credit carryforward amount | $200,000 | ' | ' | ' | ' | ' | $200,000 | ' | ' |
Capital_Raise_Additional_Infor
Capital Raise - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | 0 Months Ended | |||
28-May-13 | Apr. 26, 2013 | Mar. 22, 2013 | Dec. 31, 2013 | Jan. 11, 2013 | Jan. 11, 2013 | |
Common Stock [Member] | Convertible Preferred Stock [Member] | |||||
Investor | ||||||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' | ' | ' | ' | ' |
Private offering securities issued to accredited investors | ' | ' | ' | $21,841,000 | $39,900,000 | ' |
Number of accredited investors | ' | ' | ' | ' | 28 | ' |
Stock issued, shares | ' | ' | ' | ' | 6,574,272 | 7,942 |
Purchase price per common share through right offering | ' | $2.75 | ' | ' | $2.75 | ' |
Sales price per share | ' | ' | ' | ' | $2.75 | $2,750 |
Amount received private offering securities issued to accredited investors | ' | ' | 39,900,000 | ' | ' | ' |
Common stock shares issued upon conversion of each preferred shares | 1,000 | ' | ' | ' | ' | ' |
Investment of insider investors in common share | ' | ' | ' | ' | 2,100,000 | ' |
Newly issued common shares | ' | ' | ' | ' | 755,820 | ' |
Right to purchase share, value | ' | 5,000,000 | ' | ' | ' | ' |
Common shares purchase through subscription rights | 1,818,181 | ' | ' | ' | ' | ' |
Private placement portion of the capital raise | ' | ' | ' | $4,600,000 | ' | ' |