Document_and_Entity_Informatio
Document and Entity Information | 6 Months Ended | |
Jun. 30, 2014 | Jul. 31, 2014 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Jun-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
Entity Registrant Name | 'UNITED COMMUNITY FINANCIAL CORP | ' |
Entity Central Index Key | '0000707886 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 50,239,383 |
CONSOLIDATED_STATEMENTS_OF_FIN
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Assets: | ' | ' |
Cash and deposits with banks | $27,363 | $20,937 |
Federal funds sold | 16,227 | 56,394 |
Total cash and cash equivalents | 43,590 | 77,331 |
Securities: | ' | ' |
Available for sale, at fair value | 516,637 | 511,006 |
Loans held for sale | 9,290 | 4,838 |
Loans, net of allowance for loan losses of $18,264 and $21,116 | 1,086,771 | 1,029,192 |
Federal Home Loan Bank stock, at cost | 18,068 | 26,464 |
Premises and equipment, net | 20,391 | 20,924 |
Accrued interest receivable | 5,762 | 5,694 |
Real estate owned and other repossessed assets, net | 4,548 | 6,341 |
Core deposit intangible | 117 | 152 |
Cash surrender value of life insurance | 45,684 | 44,972 |
Other assets | 39,081 | 10,936 |
Total assets | 1,789,939 | 1,737,850 |
Deposits: | ' | ' |
Interest bearing | 1,190,063 | 1,221,162 |
Non-interest bearing | 185,411 | 170,590 |
Total deposits | 1,375,474 | 1,391,752 |
Borrowed funds: | ' | ' |
Federal Home Loan Bank advances | 65,000 | 50,000 |
Repurchase agreements and other | 90,567 | 90,578 |
Total borrowed funds | 155,567 | 140,578 |
Advance payments by borrowers for taxes and insurance | 12,708 | 20,060 |
Accrued interest payable | 573 | 550 |
Accrued expenses and other liabilities | 10,568 | 9,836 |
Total liabilities | 1,554,890 | 1,562,776 |
Shareholders' Equity: | ' | ' |
Preferred stock-no par value; 1,000,000 shares authorized and no shares issued and outstanding | 0 | 0 |
Common stock-no par value; 499,000,000 shares authorized; 54,138,910 shares issued and 50,452,083 and 50,339,089 shares, respectively, outstanding | 174,176 | 174,719 |
Retained earnings | 123,893 | 81,515 |
Accumulated other comprehensive loss | -25,901 | -41,665 |
Treasury stock, at cost, 3,686,827 and 3,799,821 shares, respectively | -37,119 | -39,495 |
Total shareholders' equity | 235,049 | 175,074 |
Total liabilities and shareholders' equity | $1,789,939 | $1,737,850 |
CONSOLIDATED_STATEMENTS_OF_FIN1
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (Parenthetical) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Allowance for loan losses | $18,264 | $21,116 |
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 | 54,138,910 |
Common stock, shares outstanding | 50,452,083 | 50,339,083 |
Treasury stock, shares | 3,686,827 | 3,799,821 |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Interest income | ' | ' | ' | ' |
Loans | $12,361 | $12,207 | $24,483 | $24,834 |
Loans held for sale | 74 | 78 | 123 | 167 |
Securities available for sale | 3,125 | 3,384 | 6,366 | 6,812 |
Federal Home Loan Bank stock dividends | 230 | 277 | 497 | 560 |
Other interest earning assets | 21 | 41 | 47 | 50 |
Total interest income | 15,811 | 15,987 | 31,516 | 32,423 |
Interest expense | ' | ' | ' | ' |
Deposits | 1,627 | 1,909 | 3,304 | 3,996 |
Federal Home Loan Bank advances | 524 | 524 | 1,042 | 1,047 |
Repurchase agreements and other | 919 | 918 | 1,827 | 1,827 |
Total interest expense | 3,070 | 3,351 | 6,173 | 6,870 |
Net interest income | 12,741 | 12,636 | 25,343 | 25,553 |
Provision for loan losses | -1,614 | 1,113 | -1,581 | 3,177 |
Net interest income after provision for loan losses | 14,355 | 11,523 | 26,924 | 22,376 |
Non-interest income | ' | ' | ' | ' |
Non-deposit investment income | 407 | 373 | 748 | 914 |
Mortgage servicing fees | 686 | 698 | 1,375 | 1,402 |
Deposit related fees | 1,331 | 1,334 | 2,529 | 2,594 |
Mortgage servicing rights valuation | -5 | 211 | -6 | 646 |
Mortgage servicing rights amortization | -432 | -570 | -824 | -1,230 |
Other service fees | ' | 18 | ' | 61 |
Net gains (losses): | ' | ' | ' | ' |
Securities available for sale (includes $31 and $1,857, respectively, accumulated other comprehensive income reclassifications for unrealized net gains on available for sale securities) | 31 | 1,857 | 34 | 2,578 |
Mortgage banking income | 312 | 1,389 | 924 | 3,032 |
Real estate owned and other repossessed assets charges, net | -42 | -1,140 | -425 | -1,571 |
Card fees | 852 | 1,179 | 1,624 | 1,913 |
Other income | 298 | 1,035 | 683 | 1,738 |
Total non-interest income | 3,438 | 6,384 | 6,662 | 12,077 |
Non-interest expense | ' | ' | ' | ' |
Salaries and employee benefits | 8,282 | 7,132 | 15,862 | 14,005 |
Occupancy | 815 | 851 | 1,748 | 1,673 |
Equipment and data processing | 1,963 | 1,782 | 3,761 | 3,542 |
Franchise tax | 198 | 400 | 396 | 831 |
Advertising | 247 | 281 | 436 | 420 |
Amortization of core deposit intangible | 16 | 23 | 35 | 46 |
FDIC insurance premiums | 327 | 603 | 580 | 1,157 |
Other insurance premiums | 135 | 175 | 272 | 351 |
Legal and consulting fees | 177 | -43 | 338 | 149 |
Other professional fees | 617 | 917 | 1,009 | 1,133 |
Real estate owned and other repossessed asset expenses | 137 | 293 | 350 | 786 |
Other expenses | 1,312 | 1,954 | 2,982 | 4,139 |
Total non-interest expenses | 14,226 | 14,368 | 27,769 | 28,232 |
Income before income taxes | 3,567 | 3,539 | 5,817 | 6,221 |
Income tax (benefit) expense (includes $11 and $0 income tax expense from reclassification items) | -38,837 | 150 | -38,681 | 150 |
Net income | 42,404 | 3,389 | 44,498 | 6,071 |
Amortization of discount on preferred stock | ' | -5,930 | ' | -6,751 |
Earnings available to common shareholders | 42,404 | -2,541 | 44,498 | -680 |
Net income | 42,404 | 3,389 | 44,498 | 6,071 |
Other comprehensive income, net of tax | ' | ' | ' | ' |
Change in unrealized gains (losses) on securities, net of reclassifications and taxes | 3,196 | -32,922 | 15,764 | -35,885 |
Total other comprehensive (loss) | 3,196 | -32,922 | 15,764 | -35,885 |
Comprehensive (loss) income | $45,600 | ($29,533) | $60,262 | ($29,814) |
Earnings (loss) per common share | ' | ' | ' | ' |
Basic | $0.84 | ($0.06) | $0.88 | ($0.02) |
Diluted | $0.84 | ($0.06) | $0.88 | ($0.02) |
CONSOLIDATED_STATEMENTS_OF_OPE1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) (Parenthetical) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Income Statement [Abstract] | ' | ' | ' | ' |
Accumulated other comprehensive income | $31 | $1,857 | $34 | $2,578 |
Income tax expense from reclassification items | $11 | $0 | $12 | $0 |
CONSOLIDATED_STATEMENT_OF_SHAR
CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Unaudited) (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 Jan. 01, 2013 | $170,760 | ' | $128,026 | $86,345 | $6,682 | ($50,293) |
Balance, shares at Jan. 01, 2013 | ' | ' | 33,027,886 | ' | ' | ' |
Net income | 6,071 | ' | ' | 6,071 | ' | ' |
Other comprehensive income (loss) | -35,885 | ' | ' | ' | -35,885 | ' |
Stock option exercises, net value | 137 | ' | ' | -585 | ' | 722 |
Stock option exercises, net shares | ' | ' | 68,600 | ' | ' | ' |
Stock option expenses, net | 9 | ' | 9 | ' | ' | ' |
Restricted stock awards, value | 179 | ' | 150 | 9 | ' | 20 |
Restricted stock awards, shares | ' | ' | 1,905 | ' | ' | ' |
Issuance of common stock, net value | 20,647 | ' | 18,569 | -5,880 | ' | 7,958 |
Issuance of common stock, shares | ' | ' | 9,148,273 | ' | ' | ' |
Issuance of preferred stock, value | 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 | ' | -21,841 | 21,841 | ' | ' | ' |
Conversion of preferred stock to common stock, shares | ' | -7,942 | 7,942,000 | ' | ' | ' |
Balance at Jun. 30, 2013 | 183,759 | ' | 175,346 | 79,209 | -29,203 | -41,593 |
Balance, shares at Jun. 30, 2013 | ' | ' | 50,188,664 | ' | ' | ' |
Balance at Dec. 31, 2013 | 175,074 | ' | 174,719 | 81,515 | -41,665 | -39,495 |
Balance, shares at Dec. 31, 2013 | ' | ' | 50,339,089 | ' | ' | ' |
Net income | 44,498 | ' | ' | 44,498 | ' | ' |
Other comprehensive income (loss) | 15,764 | ' | ' | ' | 15,764 | ' |
Stock option exercises, net value | 162 | ' | ' | -662 | ' | 824 |
Stock option exercises, net shares | 80,000 | ' | 80,000 | ' | ' | ' |
Stock option expenses, net | 13 | ' | 13 | ' | ' | ' |
Restricted stock grants, value | ' | ' | -932 | -1,576 | ' | 2,508 |
Restricted stock grants, shares | ' | ' | 241,969 | ' | ' | ' |
Restricted stock forfeitures, value | -100 | ' | 140 | 118 | ' | -358 |
Restricted stock forfeitures, shares | ' | ' | -52,475 | ' | ' | ' |
Restricted stock amortization | 236 | ' | 236 | ' | ' | ' |
Treasury stock purchases | -598 | ' | ' | ' | ' | -598 |
Treasury stock purchases, Shares | ' | ' | -156,500 | ' | ' | ' |
Conversion of preferred stock to common stock | 6,751 | ' | ' | ' | ' | ' |
Conversion of preferred stock to common stock, shares | 7,942,000 | ' | ' | ' | ' | ' |
Balance at Jun. 30, 2014 | $235,049 | ' | $174,176 | $123,893 | ($25,901) | ($37,119) |
Balance, shares at Jun. 30, 2014 | ' | ' | 50,452,083 | ' | ' | ' |
CONSOLIDATED_STATEMENT_OF_SHAR1
CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) (Common Stock [Member], USD $) | 6 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2013 |
Common Stock [Member] | ' |
Payments of Stock Issuance Costs | $4,510 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Cash Flows from Operating Activities | ' | ' |
Net income | $44,498 | $6,071 |
Adjustments to reconcile net income to net cash provided by operating activities | ' | ' |
Provision for loan losses | -1,581 | 3,177 |
Mortgage banking income | -924 | -3,032 |
Net losses on real estate owned and other repossessed assets sold | 425 | 1,571 |
Net gain on available for sale securities sold | -34 | -2,578 |
Net loss (gain) on other assets sold | 7 | -10 |
Amortization of premiums and accretion of discounts | 483 | 1,876 |
Depreciation and amortization | 988 | 927 |
Net change in interest receivable | -68 | 400 |
Net change in interest payable | 23 | 34 |
Net change in prepaid and other assets | 2,614 | 1,691 |
Net change in other liabilities | 732 | 4,104 |
Stock based compensation | 149 | 188 |
Net principal disbursed on loans originated for sale | -65,276 | -138,386 |
Proceeds from sale of loans held for sale | 61,749 | 145,117 |
Net change in deferred tax assets | -38,681 | ' |
Cash surrender value of life insurance | -712 | ' |
Net change in interest rate caps | 332 | -441 |
Net cash from operating activities | 4,724 | 20,709 |
Proceeds from principal repayments and maturities of: | ' | ' |
Securities available for sale | 12,195 | 31,676 |
Proceeds from sale of: | ' | ' |
Securities available for sale | 5,042 | 97,127 |
Real estate owned and other repossessed assets | 2,221 | 6,563 |
Loans held for investment | ' | 10,173 |
Premises and equipment | 30 | 20 |
Purchases of: | ' | ' |
Securities available for sale | ' | -144,992 |
Principal disbursed on loans, net of repayments | -56,796 | 42,777 |
Loans purchased | ' | -50 |
Redemption of FHLB stock | 8,396 | ' |
Purchases of premises and equipment | -476 | -554 |
Net cash from investing activities | -29,388 | 42,740 |
Cash Flows from Financing Activities | ' | ' |
Net increase in checking, savings and money market accounts | 24,072 | 4,909 |
Net decrease in certificates of deposit | -40,350 | -33,168 |
Net decrease in advance payments by borrowers for taxes and insurance | -7,352 | -10,162 |
Proceeds from Federal Home Loan Bank advances | 20,000 | 142,000 |
Repayment of Federal Home Loan Bank advances | -5,000 | -142,000 |
Net change in repurchase agreements and other borrowed funds | -11 | -10 |
Proceeds from the exercise of stock options | 162 | 137 |
Purchase of treasury stock | -598 | ' |
Issuance of preferred stock, net of issuance costs | ' | 21,841 |
Issuance of common stock, net of issuance costs | ' | 20,647 |
Net cash from financing activities | -9,077 | 4,194 |
Change in cash and cash equivalents | -33,741 | 67,643 |
Cash and cash equivalents, beginning of period | 77,331 | 42,613 |
Cash and cash equivalents, end of period | $43,590 | $110,256 |
BASIS_OF_PRESENTATION
BASIS OF PRESENTATION | 6 Months Ended |
Jun. 30, 2014 | |
Accounting Policies [Abstract] | ' |
BASIS OF PRESENTATION | ' |
1. BASIS OF PRESENTATION | |
United Community Financial Corp. (United Community or the Company) was incorporated under Ohio law in February 1998 by The Home Savings and Loan Company of Youngstown, Ohio (Home Savings) in connection with the conversion of Home Savings from an Ohio mutual savings and loan association to an Ohio capital stock savings association (the Conversion). Upon consummation of the Conversion on July 8, 1998, United Community became the unitary thrift holding company for Home Savings. Home Savings, a state-chartered savings bank, conducts business from its main office located in Youngstown, Ohio, 33 full-service branches and nine loan production offices located throughout Ohio and western Pennsylvania. | |
The accompanying consolidated financial statements of United Community have been prepared in accordance with instructions relating to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles (U.S. GAAP) for complete financial statements. However, such information reflects all adjustments (consisting solely of normal recurring adjustments) that are, in the opinion of management, necessary for a fair statement of results for the interim periods. | |
The results of operations for the three and six months ended June 30, 2014, are not necessarily indicative of the results to be expected for the year ending December 31, 2014. The consolidated financial statements and notes thereto should be read in conjunction with the audited financial statements and notes contained in United Community’s Form 10-K for the year ended December 31, 2013. | |
Some items in the prior year financial statements were reclassified to conform to the current presentation. These reclassifications had no effect on prior period net income or shareholders’ equity. |
REGULATORY_ENFORCEMENT_ACTION
REGULATORY ENFORCEMENT ACTION | 6 Months Ended |
Jun. 30, 2014 | |
Text Block [Abstract] | ' |
REGULATORY ENFORCEMENT ACTION | ' |
2. 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, as subsequently amended 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. |
RECENT_ACCOUNTING_DEVELOPMENTS
RECENT ACCOUNTING DEVELOPMENTS | 6 Months Ended |
Jun. 30, 2014 | |
Accounting Changes And Error Corrections [Abstract] | ' |
RECENT ACCOUNTING DEVELOPMENTS | ' |
3. RECENT ACCOUNTING DEVELOPMENTS | |
In July 2013, the Financial Accounting Standards Board 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 was permitted. The effect of adopting this standard did not have a material effect on the Company’s operating results or financial condition. | |
In January 2014, FASB issued Accounting Standards Update 2014-04, Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force). The ASU clarifies when an in-substance repossession or foreclosure occurs and a creditor is considered to have received physical possession of real estate property collateralizing a consumer mortgage loan. Specifically, the new ASU requires a creditor to reclassify a collateralized consumer mortgage loan to real estate property upon obtaining legal title to the real estate collateral, or the borrower voluntarily conveying all interest in the real estate property to the lender to satisfy the loan through a deed in lieu of foreclosure or similar legal agreement. Additional disclosures are required detailing the amount of foreclosed residential real estate property held by the creditor and the recorded investment in consumer mortgages collateralized by real estate property that are in the process of foreclosure. The new guidance is effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2014. The adoption of this guidance will not have a material impact on the Company’s consolidated financial statements, but will result in additional disclosures. | |
In May 2014, FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606). The ASU creates a new topic, Topic 606, to provide guidance on revenue recognition for entities that enter into contracts with customers to transfer goods or services or enter into contracts for the transfer of nonfinancial assets. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additional disclosures are required to provide quantitative and qualitative information regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The new guidance is effective for annual reporting periods, and interim reporting periods within those annual periods, beginning after December 15, 2016. Early adoption is not permitted. Management is currently evaluating the impact of the adoption of this guidance on the Company’s consolidated financial statements. |
STOCK_COMPENSATION
STOCK COMPENSATION | 6 Months Ended | ||||||||||||
Jun. 30, 2014 | |||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||
STOCK COMPENSATION | ' | ||||||||||||
4. STOCK 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 3,623 stock options granted in 2014 and there were 17,787 stock options granted in 2013 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 $6,193 in stock option expenses for the three months ended June 30, 2014. The Company recognized $12,551 in stock option expenses for the six months ended June 30, 2014. The Company recognized $5,720 in stock option expenses for the three months ended June 30, 2013. The Company recognized $9,469 in stock option expenses for the six months ended June 30, 2013. The Company expects to recognize additional expense of $10,989 for the remainder of 2014, $15,786 in 2015 and $468 in 2016. | |||||||||||||
A summary of activity in the plans is as follows: | |||||||||||||
For the six months ended June 30, 2014 | |||||||||||||
Shares | Weighted | Aggregate | |||||||||||
average | intrinsic value | ||||||||||||
exercise price | (in thousands) | ||||||||||||
Outstanding at beginning of year | 948,690 | $ | 5.44 | ||||||||||
Granted | 3,623 | 3.77 | |||||||||||
Exercised | (80,000 | ) | 2.02 | ||||||||||
Forfeited and expired | (284,864 | ) | 12.38 | ||||||||||
Outstanding at end of period | 587,449 | $ | 2.53 | $ | 1,075 | ||||||||
Options exercisable at end of period | 566,528 | $ | 2.49 | $ | 1,064 | ||||||||
Information related to the stock option plans for the six months ended June 30, 2014 follows: | |||||||||||||
June 30, 2014 | |||||||||||||
Intrinsic value of options exercised | $ | 135,800 | |||||||||||
Cash received from option exercises | 162,000 | ||||||||||||
Tax benefit realized from option exercises | 10,267 | ||||||||||||
Weighted average fair value of options granted, per share | $ | 1.7 | |||||||||||
As of June 30, 2014, there was approximately $27,000 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 during the second quarter of 2014 was determined using the following weighted-average assumptions as of the grant date: | |||||||||||||
April 3, 2014 | |||||||||||||
Risk-free interest rate | 1.76% | ||||||||||||
Expected term (years) | 5 | ||||||||||||
Expected stock volatility | 64.98% | ||||||||||||
Dividend yield | — % | ||||||||||||
Outstanding stock options have a weighted average remaining life of 5.68 years and may be exercised in the range of $1.20 to $5.89. | |||||||||||||
Restricted Stock Awards: | |||||||||||||
The 2007 Plan permits the issuance of restricted stock awards to employees and nonemployee directors. Nonvested shares at June 30, 2014 aggregated 332,370, of which 117,435 will vest during 2014, 94,609 will vest in 2015, 60,163 will vest in 2016 and 60,163 will vest in 2017. 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 $58,000 in restricted stock award expenses for the three months ended June 30, 2014. The Company recognized approximately $236,000 in restricted stock award expenses for the six months ended June 30, 2014. The Company recognized approximately $88,000 in restricted stock award expenses for the three months ended June 30, 2013 and approximately $179,000 in restricted stock award expenses for the six months ended June 30, 2013. The Company expects to recognize additional expenses of approximately $222,000 in 2014, $363,000 in 2015, $295,000 in 2016 and $79,000 in 2017. | |||||||||||||
A summary of changes in the Company’s nonvested restricted shares for the first six months of 2014 is as follows: | |||||||||||||
Shares | Weighted | ||||||||||||
average grant | |||||||||||||
date fair value | |||||||||||||
Nonvested shares at January 1, 2014 | 192,937 | $ | 3.49 | ||||||||||
Granted | 241,969 | 3.85 | |||||||||||
Vested | (50,061 | ) | 3.54 | ||||||||||
Forfeited | (52,475 | ) | 3.55 | ||||||||||
Nonvested shares at March 31, 2014 | 332,370 | $ | 3.74 | ||||||||||
SECURITIES
SECURITIES | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
SECURITIES | ' | ||||||||||||||||||||||||
5. SECURITIES | |||||||||||||||||||||||||
Components of the available for sale portfolio are as follows: | |||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
cost | Unrealized | unrealized | value | ||||||||||||||||||||||
Gains | losses | ||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Available for Sale | |||||||||||||||||||||||||
U.S. Treasury and government sponsored entities’ securities | $ | 242,314 | $ | — | $ | (10,717 | ) | $ | 231,597 | ||||||||||||||||
Equity securities | 100 | 352 | — | 452 | |||||||||||||||||||||
Mortgage-backed GSE securities: residential | 290,363 | 185 | (5,960 | ) | 284,588 | ||||||||||||||||||||
Total | $ | 532,777 | $ | 537 | $ | (16,677 | ) | $ | 516,637 | ||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
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 | ||||||||||||||||
Debt securities available for sale by contractual maturity, repricing or expected call date are shown below: | |||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Amortized | Fair | ||||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||
Due in one year or less | $ | 500 | $ | 500 | |||||||||||||||||||||
Due after one year through five years | — | — | |||||||||||||||||||||||
Due after five years through ten years | 183,967 | 176,757 | |||||||||||||||||||||||
Due after ten years through fifteen years | 57,847 | 54,340 | |||||||||||||||||||||||
Mortgage-backed GSE securities: residential | 290,363 | 284,588 | |||||||||||||||||||||||
Total | $ | 532,677 | $ | 516,185 | |||||||||||||||||||||
The Company expects to realize all interest and principal on these securities and has the ability and intent to hold these securities until maturity. Recognizing equity securities do not have a contractual maturity, they are excluded from the table above. | |||||||||||||||||||||||||
The Company had no securities pledged for the Company’s participation in the VISA payment processing program at June 30, 2014 and December 31, 2013. Securities pledged for participation in the Ohio Linked Deposit Program were approximately $400,000 at June 30, 2014 and $382,000 at December 31, 2013. | |||||||||||||||||||||||||
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: | |||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||
U.S. Treasury and government sponsored entities’ securities | $ | — | $ | — | $ | 231,097 | $ | -10,717 | $ | 231,097 | $ | -10,717 | |||||||||||||
Mortgage-backed GSE securities: | |||||||||||||||||||||||||
residential | 4,023 | -7 | 240,899 | -5,953 | 244,922 | -5,960 | |||||||||||||||||||
Total | $ | 4,023 | $ | -7 | $ | 471,996 | $ | -16,670 | $ | 476,019 | $ | -16,677 | |||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||
U.S. Treasury and government sponsored entities’ securities | $ | 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 | $ | 433,947 | $ | -32,040 | $ | 75,365 | $ | -8,728 | $ | 509,312 | $ | -40,768 | |||||||||||||
All of the U.S. Treasury and government sponsored entities (GSE) and mortgage-backed securities that were temporarily impaired at June 30, 2014 and 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 June 30, 2014 and 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. From April 30, 2013 to December 31, 2013, the 10-year treasury yield rose from 1.70% to 3.04% which caused the securities portfolio to lose value. Since the year ended, the 10-year treasury yield has fallen to 2.53% resulting in an increase in the value of the portfolio. The duration of the securities portfolio was approximately 6.2 years at June 30, 2014. 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. The Company expects to realize all interest and principal on these securities and has the ability and intent to hold these securities until maturity. | |||||||||||||||||||||||||
At June 30, 2014 and 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 consider these securities to be other-than-temporarily impaired at June 30, 2014 and December 31, 2013. The Company expects to realize all interest and principal on these securities and has the ability and intent to hold these securities until maturity. | |||||||||||||||||||||||||
Proceeds from sales of securities available for sale were $5.0 million and $69.2 million for the three months ended June 30, 2014 and 2013, respectively. Gross gains of $31,000 and $1.9 million were realized on these sales during the second quarter of 2014 and 2013, respectively. | |||||||||||||||||||||||||
Proceeds from sales of securities available for sale were $5.0 million and $97.1 million for the six months ended June 30, 2014 and 2013, respectively. Gross gains of $34,000 and $2.6 million were realized on these sales during the first six months of 2014 and 2013, respectively. |
LOANS
LOANS | 6 Months Ended | ||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
LOANS | ' | ||||||||||||||||||||||||||||
6. LOANS | |||||||||||||||||||||||||||||
Portfolio loans consist of the following: | |||||||||||||||||||||||||||||
June 30, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 645,211 | $ | 585,025 | |||||||||||||||||||||||||
Multi-family residential | 52,938 | 54,485 | |||||||||||||||||||||||||||
Nonresidential | 122,066 | 131,251 | |||||||||||||||||||||||||||
Land | 9,635 | 9,683 | |||||||||||||||||||||||||||
Construction: | |||||||||||||||||||||||||||||
One-to four-family residential and land development | 51,974 | 53,349 | |||||||||||||||||||||||||||
Multi-family and nonresidential | 1,010 | — | |||||||||||||||||||||||||||
Total real estate | 882,834 | 833,793 | |||||||||||||||||||||||||||
Consumer | |||||||||||||||||||||||||||||
Home equity | 155,083 | 159,795 | |||||||||||||||||||||||||||
Auto | 4,869 | 5,669 | |||||||||||||||||||||||||||
Marine | 4,088 | 4,308 | |||||||||||||||||||||||||||
Recreational vehicles | 15,983 | 17,347 | |||||||||||||||||||||||||||
Other | 2,004 | 2,112 | |||||||||||||||||||||||||||
Total consumer | 182,027 | 189,231 | |||||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||||||
Secured | 39,001 | 25,714 | |||||||||||||||||||||||||||
Unsecured | 126 | 427 | |||||||||||||||||||||||||||
Total commercial | 39,127 | 26,141 | |||||||||||||||||||||||||||
Total loans | 1,103,988 | 1,049,165 | |||||||||||||||||||||||||||
Less: | |||||||||||||||||||||||||||||
Allowance for loan losses | 18,264 | 21,116 | |||||||||||||||||||||||||||
Deferred loan costs, net | (1,047 | ) | (1,143 | ) | |||||||||||||||||||||||||
Total | 17,217 | 19,973 | |||||||||||||||||||||||||||
Loans, net | $ | 1,086,771 | $ | 1,029,192 | |||||||||||||||||||||||||
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. | |||||||||||||||||||||||||||||
The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and are based on impairment method as of June 30, 2014 and December 31, 2013 and activity for the three and six months ended June 30, 2014 and 2013. | |||||||||||||||||||||||||||||
Allowance For Loan Losses | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Permanent | Construction | Consumer | Commercial | Total | |||||||||||||||||||||||||
Real | Loans | Loans | Loans | ||||||||||||||||||||||||||
Estate | |||||||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||
For the three months ended June 30, 2014 | |||||||||||||||||||||||||||||
Beginning balance (03/31/14) | $ | 13,626 | $ | 2,027 | $ | 3,895 | $ | 1,006 | $ | 20,554 | |||||||||||||||||||
Provision | (1,013 | ) | (533 | ) | 199 | (267 | ) | (1,614 | ) | ||||||||||||||||||||
Chargeoffs | (415 | ) | (330 | ) | (447 | ) | — | (1,192 | ) | ||||||||||||||||||||
Recoveries | 155 | — | 143 | 218 | 516 | ||||||||||||||||||||||||
Ending balance (06/30/14) | $ | 12,353 | $ | 1,164 | $ | 3,790 | $ | 957 | $ | 18,264 | |||||||||||||||||||
For the six months ended June 30, 2014 | |||||||||||||||||||||||||||||
Beginning balance (12/31/13) | $ | 13,794 | $ | 2,281 | $ | 4,302 | $ | 739 | $ | 21,116 | |||||||||||||||||||
Provision (recovery) | (761 | ) | (708 | ) | 25 | (137 | ) | (1,581 | ) | ||||||||||||||||||||
Chargeoffs | (1,027 | ) | (430 | ) | (854 | ) | (45 | ) | (2,356 | ) | |||||||||||||||||||
Recoveries | 347 | 21 | 317 | 400 | 1,085 | ||||||||||||||||||||||||
Ending balance (06/30/14) | $ | 12,353 | $ | 1,164 | $ | 3,790 | $ | 957 | $ | 18,264 | |||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||
Period-end amount allocated to: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 2,330 | $ | 202 | $ | 1,090 | $ | 3 | $ | 3,625 | |||||||||||||||||||
Loans collectively evaluated for impairment | 10,023 | 962 | 2,700 | 954 | 14,639 | ||||||||||||||||||||||||
Ending balance | $ | 12,353 | $ | 1,164 | $ | 3,790 | $ | 957 | $ | 18,264 | |||||||||||||||||||
Period-end balances: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 27,007 | $ | 2,550 | $ | 13,491 | $ | 4,032 | $ | 47,080 | |||||||||||||||||||
Loans collectively evaluated for impairment | 802,843 | 50,434 | 168,536 | 35,095 | 1,056,908 | ||||||||||||||||||||||||
Ending balance | $ | 829,850 | $ | 52,984 | $ | 182,027 | $ | 39,127 | $ | 1,103,988 | |||||||||||||||||||
Permanent | Construction | Consumer | Commercial | Total | |||||||||||||||||||||||||
Real Estate | Loans | Loans | Loans | ||||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||
For the three months ended June 30, 2013 | |||||||||||||||||||||||||||||
Beginning balance (03/31/13) | $ | 14,907 | $ | 1,443 | $ | 4,254 | $ | 1,223 | $ | 21,827 | |||||||||||||||||||
Provision | 749 | 464 | 335 | (435 | ) | 1,113 | |||||||||||||||||||||||
Chargeoffs | (3,937 | ) | (139 | ) | (514 | ) | 0 | (4,590 | ) | ||||||||||||||||||||
Recoveries | 410 | 35 | 127 | 115 | 687 | ||||||||||||||||||||||||
Ending balance (06/30/13) | $ | 12,129 | $ | 1,803 | $ | 4,202 | $ | 903 | $ | 19,037 | |||||||||||||||||||
For the six months ended June 30, 2013 | |||||||||||||||||||||||||||||
Beginning balance (12/31/12) | $ | 13,819 | $ | 1,404 | $ | 4,459 | $ | 1,448 | $ | 21,130 | |||||||||||||||||||
Provision | 2,778 | 446 | 573 | (620 | ) | 3,177 | |||||||||||||||||||||||
Chargeoffs | (5,143 | ) | (365 | ) | (1,114 | ) | (128 | ) | (6,750 | ) | |||||||||||||||||||
Recoveries | 675 | 318 | 284 | 203 | 1,480 | ||||||||||||||||||||||||
Ending balance (06/30/13) | $ | 12,129 | $ | 1,803 | $ | 4,202 | $ | 903 | $ | 19,037 | |||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
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 | |||||||||||||||||||
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 chargeoffs or partial chargeoffs 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 six months ended June 30, 2014: | |||||||||||||||||||||||||||||
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 | $ | 7,571 | $ | 6,020 | $ | — | $ | 8,558 | $ | 29 | $ | 148 | |||||||||||||||||
Multifamily residential | 185 | 86 | — | 347 | — | — | |||||||||||||||||||||||
Nonresidential | 5,304 | 3,684 | — | 4,536 | — | 20 | |||||||||||||||||||||||
Land | 3,958 | 532 | — | 498 | — | — | |||||||||||||||||||||||
Total | 17,018 | 10,322 | — | 13,939 | 29 | 168 | |||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 1,741 | 739 | — | 824 | — | — | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 1,741 | 739 | — | 824 | — | — | |||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 2,509 | 1,998 | — | 4,517 | 3 | 46 | |||||||||||||||||||||||
Auto | 94 | 79 | — | 57 | — | 5 | |||||||||||||||||||||||
Marine | 156 | 156 | — | 159 | — | 5 | |||||||||||||||||||||||
Recreational vehicle | 544 | 323 | — | 255 | 3 | 12 | |||||||||||||||||||||||
Other | 6 | 6 | — | 2 | — | — | |||||||||||||||||||||||
Total | 3,309 | 2,562 | — | 4,990 | 6 | 68 | |||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 3,945 | 3,708 | — | 3,948 | — | 2 | |||||||||||||||||||||||
Unsecured | 3,783 | — | — | — | — | 57 | |||||||||||||||||||||||
Total | 7,728 | 3,708 | — | 3,948 | — | 59 | |||||||||||||||||||||||
Total | $ | 29,796 | $ | 17,331 | $ | — | $ | 23,701 | $ | 35 | $ | 295 | |||||||||||||||||
Unpaid | Recorded | Allowance | Average | Interest | Cash Basis | ||||||||||||||||||||||||
Principal | Investment | for Loan | Recorded | Income | Income | ||||||||||||||||||||||||
Balance | Losses | Investment | Recognized | Recognized | |||||||||||||||||||||||||
Allocated | |||||||||||||||||||||||||||||
With a specific allowance recorded Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 15,252 | $ | 15,252 | $ | 2,246 | $ | 11,761 | $ | 292 | $ | 305 | |||||||||||||||||
Multifamily residential | 73 | 48 | 6 | 326 | — | — | |||||||||||||||||||||||
Nonresidential | 1,865 | 1,385 | 78 | 1,015 | 2 | 7 | |||||||||||||||||||||||
Land | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 17,190 | 16,685 | 2,330 | 13,102 | 294 | 312 | |||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 3,436 | 1,811 | 202 | 2,140 | — | — | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 3,436 | 1,811 | 202 | 2,140 | — | — | |||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 10,348 | 10,160 | 949 | 7,568 | 246 | 260 | |||||||||||||||||||||||
Auto | 8 | 8 | — | 4 | — | — | |||||||||||||||||||||||
Marine | — | — | — | — | — | — | |||||||||||||||||||||||
Recreational vehicle | 761 | 761 | 141 | 743 | 11 | 11 | |||||||||||||||||||||||
Other | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 11,117 | 10,929 | 1,090 | 8,315 | 257 | 271 | |||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 324 | 324 | 3 | 162 | — | — | |||||||||||||||||||||||
Unsecured | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 324 | 324 | 3 | 162 | — | — | |||||||||||||||||||||||
Total | $ | 32,067 | $ | 29,749 | $ | 3,625 | $ | 23,719 | $ | 551 | $ | 583 | |||||||||||||||||
Total | $ | 61,863 | $ | 47,080 | $ | 3,625 | $ | 47,420 | $ | 586 | $ | 878 | |||||||||||||||||
The following tables present loans individually evaluated for impairment by class of loans as of and for the six months ended June 30, 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 | $ | 19,608 | $ | 17,484 | $ | — | $ | 16,870 | $ | 305 | $ | 323 | |||||||||||||||||
Multifamily residential | 755 | 660 | — | 734 | 2 | 4 | |||||||||||||||||||||||
Nonresidential | 6,461 | 5,313 | — | 8,688 | 10 | 27 | |||||||||||||||||||||||
Land | 3,913 | 487 | — | 2,951 | — | — | |||||||||||||||||||||||
Total | 30,737 | 23,944 | — | 29,243 | 317 | 354 | |||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 13,409 | 2,081 | — | 2,435 | — | 2 | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 13,409 | 2,081 | — | 2,435 | — | 2 | |||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 11,041 | 10,423 | — | 8,053 | 232 | 255 | |||||||||||||||||||||||
Auto | 65 | 44 | — | 44 | 1 | 2 | |||||||||||||||||||||||
Marine | 186 | 186 | — | 184 | — | 5 | |||||||||||||||||||||||
Recreational vehicle | 1,252 | 1,110 | — | 835 | 16 | 17 | |||||||||||||||||||||||
Other | — | — | — | 4 | — | — | |||||||||||||||||||||||
Total | 12,544 | 11,763 | — | 9,120 | 249 | 279 | |||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 5,380 | 4,512 | — | 2,061 | — | 33 | |||||||||||||||||||||||
Unsecured | 4,371 | 1 | — | 199 | 1 | 28 | |||||||||||||||||||||||
Total | 9,751 | 4,513 | — | 2,260 | 1 | 61 | |||||||||||||||||||||||
Total | $ | 66,441 | $ | 42,301 | $ | — | $ | 43,058 | $ | 567 | $ | 696 | |||||||||||||||||
Unpaid | Recorded | Allowance | Average | Interest | Cash Basis | ||||||||||||||||||||||||
Principal | Investment | for Loan | Recorded | Income | Income | ||||||||||||||||||||||||
Balance | Losses | Investment | Recognized | Recognized | |||||||||||||||||||||||||
Allocated | |||||||||||||||||||||||||||||
With a specific allowance recorded Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 17 | $ | 10 | $ | 1 | $ | 370 | $ | — | $ | — | |||||||||||||||||
Multifamily residential | 185 | 85 | 25 | 785 | — | — | |||||||||||||||||||||||
Nonresidential | 2,326 | 1,994 | 325 | 6,477 | 5 | 35 | |||||||||||||||||||||||
Land | — | — | — | 1,656 | — | — | |||||||||||||||||||||||
Total | 2,528 | 2,089 | 351 | 9,288 | 5 | 35 | |||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 3,921 | 2,316 | 685 | 4,280 | — | — | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 3,921 | 2,316 | 685 | 4,280 | — | — | |||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | — | — | — | — | — | — | |||||||||||||||||||||||
Auto | — | — | — | — | — | — | |||||||||||||||||||||||
Marine | — | — | — | — | — | — | |||||||||||||||||||||||
Recreational vehicle | — | — | — | 9 | — | — | |||||||||||||||||||||||
Other | — | — | — | — | — | — | |||||||||||||||||||||||
Total | — | — | — | 9 | — | — | |||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 571 | 204 | 10 | 314 | — | — | |||||||||||||||||||||||
Unsecured | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 571 | 204 | 10 | 314 | — | — | |||||||||||||||||||||||
Total | 7,020 | 4,609 | 1,046 | 13,891 | 5 | 35 | |||||||||||||||||||||||
Total | $ | 73,461 | $ | 46,910 | $ | 1,046 | $ | 56,949 | $ | 572 | $ | 731 | |||||||||||||||||
The following table present loans individually evaluated for impairment by class of loans as of December 31, 2013: | |||||||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Unpaid | Recorded | Allowance | |||||||||||||||||||||||||||
Principal | Investment | for Loan | |||||||||||||||||||||||||||
Balance | Losses | ||||||||||||||||||||||||||||
Allocated | |||||||||||||||||||||||||||||
With no specific allowance recorded Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 13,321 | $ | 11,309 | $ | — | |||||||||||||||||||||||
Multifamily residential | 662 | 567 | — | ||||||||||||||||||||||||||
Nonresidential | 6,451 | 5,311 | — | ||||||||||||||||||||||||||
Land | 3,913 | 487 | — | ||||||||||||||||||||||||||
Total | 24,347 | 17,674 | — | ||||||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 1,433 | 825 | — | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | 1,433 | 825 | — | ||||||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 6,458 | 5,808 | — | ||||||||||||||||||||||||||
Auto | 83 | 66 | — | ||||||||||||||||||||||||||
Marine | 160 | 160 | — | ||||||||||||||||||||||||||
Recreational vehicle | 429 | 386 | — | ||||||||||||||||||||||||||
Other | 2 | 2 | — | ||||||||||||||||||||||||||
Total | 7,132 | 6,422 | — | ||||||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 4,414 | 4,044 | — | ||||||||||||||||||||||||||
Unsecured | 4,067 | — | — | ||||||||||||||||||||||||||
Total | 8,481 | 4,044 | — | ||||||||||||||||||||||||||
Total | $ | 41,393 | $ | 28,965 | $ | — | |||||||||||||||||||||||
Unpaid | Recorded | Allowance | |||||||||||||||||||||||||||
Principal | Investment | for Loan | |||||||||||||||||||||||||||
Balance | Losses | ||||||||||||||||||||||||||||
Allocated | |||||||||||||||||||||||||||||
With a specific allowance recorded Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 8,897 | $ | 8,897 | $ | 1,675 | |||||||||||||||||||||||
Multifamily residential | 185 | 85 | 25 | ||||||||||||||||||||||||||
Nonresidential | 908 | 568 | 86 | ||||||||||||||||||||||||||
Land | — | — | — | ||||||||||||||||||||||||||
Total | 9,990 | 9,550 | 1,786 | ||||||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 3,895 | 2,267 | 680 | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | 3,895 | 2,267 | 680 | ||||||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 6,743 | 6,743 | 719 | ||||||||||||||||||||||||||
Auto | — | — | — | ||||||||||||||||||||||||||
Marine | — | — | — | ||||||||||||||||||||||||||
Recreational vehicle | 656 | 656 | 140 | ||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||
Total | 7,399 | 7,399 | 859 | ||||||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | — | — | — | ||||||||||||||||||||||||||
Unsecured | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | ||||||||||||||||||||||||||
Total | $ | 21,284 | $ | 19,216 | $ | 3,325 | |||||||||||||||||||||||
Total | $ | 62,677 | $ | 48,181 | $ | 3,325 | |||||||||||||||||||||||
The following tables present loans individually evaluated for impairment by class of loans as of and for the three months ended June 30, 2014: | |||||||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Average | Interest | Cash Basis | |||||||||||||||||||||||||||
Recorded | Income | Income | |||||||||||||||||||||||||||
Investment | Recognized | Recognized | |||||||||||||||||||||||||||
With no specific allowance recorded Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 5,226 | $ | 13 | $ | 84 | |||||||||||||||||||||||
Multifamily residential | 88 | — | 1 | ||||||||||||||||||||||||||
Nonresidential | 3,802 | — | 10 | ||||||||||||||||||||||||||
Land | 510 | — | — | ||||||||||||||||||||||||||
Total | 9,626 | 13 | 95 | ||||||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 690 | — | — | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | 690 | — | — | ||||||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 1,875 | 2 | 21 | ||||||||||||||||||||||||||
Auto | 65 | — | 2 | ||||||||||||||||||||||||||
Marine | 157 | — | 2 | ||||||||||||||||||||||||||
Recreational vehicle | 195 | 1 | 4 | ||||||||||||||||||||||||||
Other | 4 | — | — | ||||||||||||||||||||||||||
Total | 2,296 | 3 | 29 | ||||||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 3,710 | — | 1 | ||||||||||||||||||||||||||
Unsecured | — | 9 | 23 | ||||||||||||||||||||||||||
Total | 3,710 | 9 | 24 | ||||||||||||||||||||||||||
Total | $ | 16,322 | $ | 25 | $ | 148 | |||||||||||||||||||||||
Average | Interest | Cash Basis | |||||||||||||||||||||||||||
Recorded | Income | Income | |||||||||||||||||||||||||||
Investment | Recognized | Recognized | |||||||||||||||||||||||||||
With a specific allowance recorded Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 15,742 | $ | 145 | $ | 148 | |||||||||||||||||||||||
Multifamily residential | 567 | — | — | ||||||||||||||||||||||||||
Nonresidential | 1,404 | 1 | 3 | ||||||||||||||||||||||||||
Land | — | — | — | ||||||||||||||||||||||||||
Total | 17,713 | 146 | 151 | ||||||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 2,026 | — | — | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | 2,026 | — | — | ||||||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 10,399 | 124 | 131 | ||||||||||||||||||||||||||
Auto | 9 | — | — | ||||||||||||||||||||||||||
Marine | — | — | — | ||||||||||||||||||||||||||
Recreational vehicle | 794 | 7 | 7 | ||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||
Total | 11,202 | 131 | 138 | ||||||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 324 | — | — | ||||||||||||||||||||||||||
Unsecured | — | — | — | ||||||||||||||||||||||||||
Total | 324 | — | — | ||||||||||||||||||||||||||
Total | $ | 31,265 | $ | 277 | $ | 289 | |||||||||||||||||||||||
Total | $ | 47,587 | $ | 302 | $ | 437 | |||||||||||||||||||||||
The following tables present loans individually evaluated for impairment by class of loans as of and for the three months ended June 30, 2013: | |||||||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Average | Interest | Cash Basis | |||||||||||||||||||||||||||
Recorded | Income | Income | |||||||||||||||||||||||||||
Investment | Recognized | Recognized | |||||||||||||||||||||||||||
With no specific allowance recorded Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 17,469 | $ | 148 | $ | 155 | |||||||||||||||||||||||
Multifamily residential | 671 | — | 1 | ||||||||||||||||||||||||||
Nonresidential | 5,485 | 2 | 5 | ||||||||||||||||||||||||||
Land | 2,094 | — | — | ||||||||||||||||||||||||||
Total | 25,719 | 150 | 161 | ||||||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 1,804 | — | — | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | 1,804 | — | — | ||||||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 9,649 | 107 | 119 | ||||||||||||||||||||||||||
Auto | 41 | — | 1 | ||||||||||||||||||||||||||
Marine | 187 | — | 2 | ||||||||||||||||||||||||||
Recreational vehicle | 1,055 | 5 | 6 | ||||||||||||||||||||||||||
Other | 4 | — | — | ||||||||||||||||||||||||||
Total | 10,936 | 112 | 128 | ||||||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 2,827 | — | 15 | ||||||||||||||||||||||||||
Unsecured | 357 | — | 6 | ||||||||||||||||||||||||||
Total | 3,184 | — | 21 | ||||||||||||||||||||||||||
Total | $ | 41,643 | $ | 262 | $ | 310 | |||||||||||||||||||||||
Average | Interest | Cash Basis | |||||||||||||||||||||||||||
Recorded | Income | Income | |||||||||||||||||||||||||||
Investment | Recognized | Recognized | |||||||||||||||||||||||||||
With a specific allowance recorded Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 373 | $ | — | $ | — | |||||||||||||||||||||||
Multifamily residential | 575 | — | — | ||||||||||||||||||||||||||
Nonresidential | 7,045 | — | 17 | ||||||||||||||||||||||||||
Land | 1,064 | — | — | ||||||||||||||||||||||||||
Total | 9,057 | — | 17 | ||||||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 2,864 | — | — | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | 2,864 | — | — | ||||||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | — | — | — | ||||||||||||||||||||||||||
Auto | — | — | — | ||||||||||||||||||||||||||
Marine | — | — | — | ||||||||||||||||||||||||||
Recreational vehicle | — | — | — | ||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | ||||||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 204 | — | — | ||||||||||||||||||||||||||
Unsecured | — | — | — | ||||||||||||||||||||||||||
Total | 204 | — | — | ||||||||||||||||||||||||||
Total | $ | 12,125 | $ | — | $ | 17 | |||||||||||||||||||||||
Total | $ | 53,768 | $ | 262 | $ | 327 | |||||||||||||||||||||||
The following table presents the recorded investment in nonaccrual and loans past due over 90 days and still on accrual by class of loans as of June 30, 2014: | |||||||||||||||||||||||||||||
Nonaccrual Loans and Loans Past Due Over 90 Days and Still Accruing | |||||||||||||||||||||||||||||
As of June 30, 2014 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Nonaccrual | Loans past due | ||||||||||||||||||||||||||||
over 90 days | |||||||||||||||||||||||||||||
and still | |||||||||||||||||||||||||||||
accruing | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 5,380 | $ | — | |||||||||||||||||||||||||
Multifamily residential | 134 | — | |||||||||||||||||||||||||||
Nonresidential | 4,902 | — | |||||||||||||||||||||||||||
Land | 532 | — | |||||||||||||||||||||||||||
Total | 10,948 | — | |||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | 2,550 | — | |||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | |||||||||||||||||||||||||||
Total | 2,550 | — | |||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 2,224 | — | |||||||||||||||||||||||||||
Auto | 64 | — | |||||||||||||||||||||||||||
Marine | 127 | — | |||||||||||||||||||||||||||
Recreational vehicle | 242 | — | |||||||||||||||||||||||||||
Other | 6 | — | |||||||||||||||||||||||||||
Total | 2,663 | — | |||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | 4,023 | — | |||||||||||||||||||||||||||
Unsecured | 128 | — | |||||||||||||||||||||||||||
Total | 4,151 | — | |||||||||||||||||||||||||||
Total | $ | 20,312 | $ | — | |||||||||||||||||||||||||
The following table presents 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 table presents an age analysis of past-due loans, segregated by class of loans as of June 30, 2014: | |||||||||||||||||||||||||||||
Past Due Loans | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
30-59 | 60-89 | Greater | Total Past | Current | Total Loans | ||||||||||||||||||||||||
Days Past | Days Past | than 90 | Due | Loans | |||||||||||||||||||||||||
Due | Due | Days Past | |||||||||||||||||||||||||||
Due | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 1,325 | $ | 419 | $ | 2,795 | $ | 4,539 | $ | 640,672 | $ | 645,211 | |||||||||||||||||
Multifamily residential | — | — | 133 | 133 | 52,805 | 52,938 | |||||||||||||||||||||||
Nonresidential | — | — | 4,852 | 4,852 | 117,214 | 122,066 | |||||||||||||||||||||||
Land | — | — | 532 | 532 | 9,103 | 9,635 | |||||||||||||||||||||||
Total | 1,325 | 419 | 8,312 | 10,056 | 819,794 | 829,850 | |||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | — | — | 2,553 | 2,553 | 49,421 | 51,974 | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | 1,010 | 1,010 | |||||||||||||||||||||||
Total | — | — | 2,553 | 2,553 | 50,431 | 52,984 | |||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 905 | 103 | 1,440 | 2,448 | 152,635 | 155,083 | |||||||||||||||||||||||
Auto | — | — | 30 | 30 | 4,839 | 4,869 | |||||||||||||||||||||||
Marine | 60 | — | — | 60 | 4,028 | 4,088 | |||||||||||||||||||||||
Recreational vehicle | 282 | 477 | 150 | 909 | 15,074 | 15,983 | |||||||||||||||||||||||
Other | 2 | 9 | 1 | 12 | 1,992 | 2,004 | |||||||||||||||||||||||
Total | 1,249 | 589 | 1,621 | 3,459 | 178,568 | 182,027 | |||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | — | 4,023 | 4,023 | 34,978 | 39,001 | |||||||||||||||||||||||
Unsecured | — | — | 128 | 128 | (2 | ) | 126 | ||||||||||||||||||||||
Total | — | — | 4,151 | 4,151 | 34,976 | 39,127 | |||||||||||||||||||||||
Total | $ | 2,574 | $ | 1,008 | $ | 16,637 | $ | 20,219 | $ | 1,083,769 | $ | 1,103,988 | |||||||||||||||||
The following table presents 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 Past | Days Past | than 90 | Due | Loans | Loans | ||||||||||||||||||||||||
Due | 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 table presents loans by class modified as troubled debt restructurings that occurred during the three months ended June 30, 2014: | |||||||||||||||||||||||||||||
Number of | Pre- | Post- | |||||||||||||||||||||||||||
loans | Modification | Modification | |||||||||||||||||||||||||||
Outstanding | Recorded | ||||||||||||||||||||||||||||
Recorded | Investment | ||||||||||||||||||||||||||||
Investment | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family | 11 | $ | 922 | $ | 969 | ||||||||||||||||||||||||
Multifamily residential | — | — | — | ||||||||||||||||||||||||||
Nonresidential | — | — | — | ||||||||||||||||||||||||||
Land | — | — | — | ||||||||||||||||||||||||||
Total | 11 | 922 | 969 | ||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | — | — | — | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | ||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 9 | 465 | 450 | ||||||||||||||||||||||||||
Auto | — | — | — | ||||||||||||||||||||||||||
Marine | — | — | — | ||||||||||||||||||||||||||
Recreational vehicle | — | — | — | ||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||
Total | 9 | 465 | 450 | ||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | — | — | ||||||||||||||||||||||||||
Unsecured | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | ||||||||||||||||||||||||||
Total Restructured Loans | 20 | $ | 1,387 | $ | 1,419 | ||||||||||||||||||||||||
The troubled debt restructurings described above increased the allowance for loan losses by $59,000 and resulted in charge-offs of $3,000 during the three months ended June 30, 2014. | |||||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the six months ended June 30, 2014: | |||||||||||||||||||||||||||||
Number of | Pre- | Post- | |||||||||||||||||||||||||||
loans | Modification | Modification | |||||||||||||||||||||||||||
Outstanding | Recorded | ||||||||||||||||||||||||||||
Recorded | Investment | ||||||||||||||||||||||||||||
Investment | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family | 20 | $ | 1,491 | $ | 1,545 | ||||||||||||||||||||||||
Multifamily residential | — | — | — | ||||||||||||||||||||||||||
Nonresidential | 1 | 120 | 120 | ||||||||||||||||||||||||||
Land | — | — | — | ||||||||||||||||||||||||||
Total | 21 | 1,611 | 1,665 | ||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | — | — | — | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | ||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 19 | 1,017 | 1,009 | ||||||||||||||||||||||||||
Auto | — | — | — | ||||||||||||||||||||||||||
Marine | — | — | — | ||||||||||||||||||||||||||
Recreational vehicle | — | — | — | ||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||
Total | 19 | 1,017 | 1,009 | ||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | — | — | ||||||||||||||||||||||||||
Unsecured | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | ||||||||||||||||||||||||||
Total Restructured Loans | 40 | $ | 2,628 | $ | 2,674 | ||||||||||||||||||||||||
The troubled debt restructurings described above increased the allowance for loan losses by $116,000 and resulted in charge-offs of $3,000 during the six months ended June 30, 2014. | |||||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the three months ended June 30, 2013: | |||||||||||||||||||||||||||||
Number of | Pre-Modification | Post- | |||||||||||||||||||||||||||
loans | Outstanding | Modification | |||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family | 9 | $ | 1,099 | $ | 844 | ||||||||||||||||||||||||
Multifamily residential | 1 | 469 | 469 | ||||||||||||||||||||||||||
Nonresidential | 1 | 41 | 41 | ||||||||||||||||||||||||||
Land | 2 | 3,913 | 487 | ||||||||||||||||||||||||||
Total | 13 | 5,522 | 1,841 | ||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | 1 | 1,161 | 823 | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | 1 | 1,161 | 823 | ||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 37 | 1,655 | 1,660 | ||||||||||||||||||||||||||
Auto | — | — | — | ||||||||||||||||||||||||||
Marine | — | — | — | ||||||||||||||||||||||||||
Recreational vehicle | — | — | — | ||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||
Total | 37 | 1,655 | 1,660 | ||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | — | — | ||||||||||||||||||||||||||
Unsecured | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | ||||||||||||||||||||||||||
Total Restructured Loans | 51 | $ | 8,338 | $ | 4,324 | ||||||||||||||||||||||||
The troubled debt restructurings described above increased the allowance for loan losses by $199,000, and resulted in charge-offs of $1.8 million during the three months ended June 30, 2013. | |||||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the six months ended June 30, 2013: | |||||||||||||||||||||||||||||
Number of | Pre-Modification | Post- | |||||||||||||||||||||||||||
loans | Outstanding | Modification | |||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family | 22 | $ | 1,842 | $ | 1,606 | ||||||||||||||||||||||||
Multifamily residential | 1 | 469 | 469 | ||||||||||||||||||||||||||
Nonresidential | 1 | 41 | 41 | ||||||||||||||||||||||||||
Land | 2 | 3,913 | 487 | ||||||||||||||||||||||||||
Total | 26 | 6,265 | 2,603 | ||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | 1 | 1,161 | 823 | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | 1 | 1,161 | 823 | ||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 63 | 2,526 | 2,537 | ||||||||||||||||||||||||||
Auto | — | — | — | ||||||||||||||||||||||||||
Marine | — | — | — | ||||||||||||||||||||||||||
Recreational vehicle | 4 | 791 | 804 | ||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||
Total | 67 | 3,317 | 3,341 | ||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | — | — | ||||||||||||||||||||||||||
Unsecured | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | ||||||||||||||||||||||||||
Total Restructured Loans | 94 | $ | 10,743 | $ | 6,767 | ||||||||||||||||||||||||
The troubled debt restructurings described above increased the allowance for loan losses by $572,000, and resulted in charge-offs of $1.8 million during the six months ended June 30, 2013. | |||||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings for which there was a payment default within a twelve month cycle following the modification as June 30, 2014: | |||||||||||||||||||||||||||||
Number of | Recorded | ||||||||||||||||||||||||||||
loans | Investment | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family | 2 | $ | 74 | ||||||||||||||||||||||||||
Multifamily residential | — | — | |||||||||||||||||||||||||||
Nonresidential | — | — | |||||||||||||||||||||||||||
Land | — | — | |||||||||||||||||||||||||||
Total | 2 | 74 | |||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | — | — | |||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | |||||||||||||||||||||||||||
Total | — | — | |||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 4 | 172 | |||||||||||||||||||||||||||
Auto | — | — | |||||||||||||||||||||||||||
Marine | — | — | |||||||||||||||||||||||||||
Recreational vehicle | — | — | |||||||||||||||||||||||||||
Other | — | — | |||||||||||||||||||||||||||
Total | 4 | 172 | |||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | — | |||||||||||||||||||||||||||
Unsecured | — | — | |||||||||||||||||||||||||||
Total | — | — | |||||||||||||||||||||||||||
Total Restructured Loans | 6 | $ | 246 | ||||||||||||||||||||||||||
The troubled debt restructurings that subsequently defaulted described above resulted in no charge-offs during the three months ended June 30, 2014, and had no effect on the provision for loan losses. | |||||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings for which there was a payment default within a twelve month cycle following the modification as of December 31, 2013: | |||||||||||||||||||||||||||||
Number of loans | Recorded 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 described above that subsequently defaulted 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 periods ended June 30, 2014 and December 31, 2013, but they did not meet the definition of a troubled debt restructuring. These loans have a total recorded investment as of June 30, 2014 of $8.6 million and at 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. | |||||||||||||||||||||||||||||
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, certain 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 June 30, 2014 and December 31, 2013, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: | |||||||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Unclassified | Classified | ||||||||||||||||||||||||||||
Unclassified | Special | Substandard | Doubtful | Loss | Total | Total Loans | |||||||||||||||||||||||
Mention | Classified | ||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 636,679 | $ | 1,556 | $ | 6,976 | $ | — | $ | — | $ | 6,976 | $ | 645,211 | |||||||||||||||
Multifamily residential | 47,655 | 2,599 | 2,684 | — | — | 2,684 | 52,938 | ||||||||||||||||||||||
Nonresidential | 92,480 | 8,605 | 20,981 | — | — | 20,981 | 122,066 | ||||||||||||||||||||||
Land | 9,148 | — | 487 | — | — | 487 | 9,635 | ||||||||||||||||||||||
Total | 785,962 | 12,760 | 31,128 | — | — | 31,128 | 829,850 | ||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | 49,423 | — | 2,551 | — | — | 2,551 | 51,974 | ||||||||||||||||||||||
Multifamily and nonresidential | 1,010 | — | — | — | — | — | 1,010 | ||||||||||||||||||||||
Total | 50,433 | — | 2,551 | — | — | 2,551 | 52,984 | ||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 152,467 | 27 | 2,589 | — | — | 2,589 | 155,083 | ||||||||||||||||||||||
Auto | 4,790 | 4 | 75 | — | — | 75 | 4,869 | ||||||||||||||||||||||
Marine | 3,932 | — | 156 | — | — | 156 | 4,088 | ||||||||||||||||||||||
Recreational vehicle | 15,715 | — | 268 | — | — | 268 | 15,983 | ||||||||||||||||||||||
Other | 1,990 | — | 14 | — | — | 14 | 2,004 | ||||||||||||||||||||||
Total | 178,894 | 31 | 3,102 | — | — | 3,102 | 182,027 | ||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | 32,173 | 2,030 | 4,798 | — | — | 4,798 | 39,001 | ||||||||||||||||||||||
Unsecured | 10 | — | 116 | — | — | 116 | 126 | ||||||||||||||||||||||
Total | 32,183 | 2,030 | 4,914 | — | — | 4,914 | 39,127 | ||||||||||||||||||||||
Total | $ | 1,047,472 | $ | 14,821 | $ | 41,695 | $ | — | $ | — | $ | 41,695 | $ | 1,103,988 | |||||||||||||||
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 | |||||||||||||||
MORTGAGE_BANKING_ACTIVITIES
MORTGAGE BANKING ACTIVITIES | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Text Block [Abstract] | ' | ||||||||
MORTGAGE BANKING ACTIVITIES | ' | ||||||||
7. MORTGAGE BANKING ACTIVITIES | |||||||||
Mortgage loans serviced for others, which are not reported in United Community’s assets, totaled $1.1 billion as of June 30, 2014 and December 31, 2013. 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 balances of these loans are as follows: | |||||||||
June 30, 2014 | December 31, 2013 | ||||||||
(Dollars in thousands) | |||||||||
Mortgage loan portfolios serviced for: | |||||||||
FHLMC | $ | 816,370 | $ | 827,146 | |||||
FNMA | 272,639 | 283,340 | |||||||
Escrow balances are maintained at the Federal Home Loan Bank (FHLB) in connection with serviced loans totaling $866,000 and $1.3 million at June 30, 2014 and December 31, 2013, respectively. | |||||||||
Activity for capitalized mortgage servicing rights, included in other assets, was as follows: | |||||||||
Six Months Ended | Six Months Ended | ||||||||
June 30, 2014 | June 30, 2013 | ||||||||
(Dollars in thousands) | |||||||||
Balance, beginning of year | $ | 5,941 | $ | 5,506 | |||||
Originations | 541 | 1,791 | |||||||
Amortized to expense | (824 | ) | (1,230 | ) | |||||
Balance, end of period | 5,658 | 6,067 | |||||||
Less valuation allowance | (6 | ) | (34 | ) | |||||
Net balance | $ | 5,652 | $ | 6,033 | |||||
Activity in the valuation allowance for mortgage servicing rights was as follows: | |||||||||
Six Months Ended | Six Months Ended | ||||||||
June 30, 2014 | June 30, 2013 | ||||||||
(Dollars in thousands) | |||||||||
Balance, beginning of year | $ | — | $ | (680 | ) | ||||
Impairment charges | (6 | ) | — | ||||||
Recoveries | — | 646 | |||||||
Balance, end of period | $ | (6 | ) | $ | (34 | ) | |||
The fair value of mortgage servicing rights as of June 30, 2014, was approximately $9.7 million and at December 31, 2013, the fair value was approximately $10.2 million. | |||||||||
Key economic assumptions in measuring the value of mortgage servicing rights at June 30, 2014, and December 31, 2013, were as follows: | |||||||||
June 30, 2014 | December 31, 2013 | ||||||||
Weighted average prepayment rate | 195 PSA | 182 PSA | |||||||
Weighted average life (in years) | 3.74 | 3.94 | |||||||
Weighted average discount rate | 8 | % | 8 | % | |||||
OTHER_REAL_ESTATE_OWNED_AND_OT
OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Text Block [Abstract] | ' | ||||||||
OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS | ' | ||||||||
8. OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS | |||||||||
Real estate owned and other repossessed assets at June 30, 2014 and June 30, 2013 were as follows: | |||||||||
June 30, | June 30, | ||||||||
2014 | 2013 | ||||||||
(Dollars in thousands) | |||||||||
Real estate owned and other repossessed assets | $ | 8,111 | $ | 17,864 | |||||
Valuation allowance | (3,563 | ) | (6,505 | ) | |||||
End of period | $ | 4,548 | $ | 11,359 | |||||
Activity in the valuation allowance was as follows: | |||||||||
June 30, | June 30, | ||||||||
2014 | 2013 | ||||||||
(Dollars in thousands) | |||||||||
Beginning of year | $ | 4,059 | $ | 6,796 | |||||
Additions charged to expense | 438 | 1,337 | |||||||
Reductions due to sales | (934 | ) | (1,628 | ) | |||||
End of period | $ | 3,563 | $ | 6,505 | |||||
Expenses related to foreclosed and repossessed assets include: | |||||||||
Three Months | Three Months | ||||||||
Ended | Ended | ||||||||
June 30, | June 30, | ||||||||
2014 | 2013 | ||||||||
(Dollars in thousands) | |||||||||
Net (gain) loss on sales | $ | (104 | ) | $ | 126 | ||||
Provision for unrealized losses, net | 146 | 1,014 | |||||||
Operating expenses, net of rental income | 137 | 293 | |||||||
Total expenses | $ | 179 | $ | 1,433 | |||||
Six Months | Six Months | ||||||||
Ended | Ended | ||||||||
June 30, | June 30, | ||||||||
2014 | 2013 | ||||||||
(Dollars in thousands) | |||||||||
Net (gain) loss on sales | $ | (13 | ) | $ | 234 | ||||
Provision for unrealized losses, net | 438 | 1,337 | |||||||
Operating expenses, net of rental income | 350 | 786 | |||||||
Total expenses | $ | 775 | $ | 2,357 | |||||
OTHER_POSTRETIREMENT_BENEFIT_P
OTHER POSTRETIREMENT BENEFIT PLANS | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Compensation And Retirement Disclosure [Abstract] | ' | ||||||||||||||||
OTHER POSTRETIREMENT BENEFIT PLANS | ' | ||||||||||||||||
9. OTHER POSTRETIREMENT BENEFIT PLANS | |||||||||||||||||
Home Savings sponsors a defined benefit health care plan that was curtailed in 2000, but continues to provide post-retirement medical benefits for employees who had worked 20 years and attained a minimum age of 60 by September 1, 2000, while in service with Home Savings. The plan is contributory and contains minor cost-sharing features such as deductibles and coinsurance. In addition, post-retirement 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. | |||||||||||||||||
Components of net periodic benefit cost are as follows: | |||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Service cost | $ | — | $ | — | $ | — | $ | — | |||||||||
Interest cost | 14 | 13 | 28 | 26 | |||||||||||||
Expected return on plan assets | — | — | — | — | |||||||||||||
Net amortization of prior service cost | (19 | ) | (19 | ) | (39 | ) | (38 | ) | |||||||||
Recognized net actuarial gain | (36 | ) | (28 | ) | (71 | ) | (56 | ) | |||||||||
Net periodic benefit cost/(gain) | $ | (41 | ) | $ | (34 | ) | $ | (82 | ) | $ | (68 | ) | |||||
Assumptions used in the valuations were as follows: | |||||||||||||||||
Weighted average discount rate | 3.95 | % | 3 | % | 3.95 | % | 3 | % |
FAIR_VALUE_MEASUREMENT
FAIR VALUE MEASUREMENT | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
FAIR VALUE MEASUREMENT | ' | ||||||||||||||||
10. FAIR VALUE MEASUREMENT | |||||||||||||||||
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 an 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 June 30, 2014 Using: | |||||||||||||||||
June 30, | Quoted | Significant | Significant | ||||||||||||||
Prices in | Other | Unobservable | |||||||||||||||
Active | Observable | Inputs | |||||||||||||||
Markets for | Inputs | ||||||||||||||||
Identical | |||||||||||||||||
Assets | |||||||||||||||||
2014 | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Available for sale securities | |||||||||||||||||
U.S. Treasury and government sponsored entities’ securities | $ | 231,597 | $ | — | $ | 231,597 | $ | — | |||||||||
Equity securities | 452 | 452 | — | — | |||||||||||||
Mortgage-backed GSE securities: residential | 284,588 | — | 284,588 | — | |||||||||||||
Mortgage servicing assets | 157 | — | 157 | — | |||||||||||||
Interest rate caps | 214 | — | — | 214 | |||||||||||||
Purchased certificate of deposit option | 489 | — | 489 | — | |||||||||||||
Liabilities | |||||||||||||||||
Written certificate of deposit option | 489 | — | 489 | — | |||||||||||||
Fair Value Measurements at December 31, 2013 Using: | |||||||||||||||||
December 31, | Quoted Prices | Significant | Significant | ||||||||||||||
in Active | Other | Unobservable | |||||||||||||||
Markets for | Observable | Inputs | |||||||||||||||
Identical | Inputs | ||||||||||||||||
Assets | |||||||||||||||||
2013 | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Available for sale securities | |||||||||||||||||
U.S. 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 | — | |||||||||||||
There were no transfers between Level 1 and Level 2 during 2014 or 2013. | |||||||||||||||||
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 three months ended June 30, 2014 and 2013: | |||||||||||||||||
Interest Rate Caps | |||||||||||||||||
Six Months Ended | Six Months Ended | ||||||||||||||||
June 30, 2014 | June 30, 2013 | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Balance of recurring Level 3 assets at beginning of period | $ | 546 | $ | 436 | |||||||||||||
Total gains (losses) for the period | |||||||||||||||||
Included in other income | (73 | ) | 700 | ||||||||||||||
Included in other comprehensive income | — | — | |||||||||||||||
Purchases | — | — | |||||||||||||||
Amortization | (259 | ) | (259 | ) | |||||||||||||
Sales | — | — | |||||||||||||||
Balance of recurring Level 3 assets at end of period | $ | 214 | $ | 877 | |||||||||||||
There were no transfers between Level 2 and Level 3 during 2014 or 2013. | |||||||||||||||||
The following table presents quantitative information about recurring Level 3 fair value measurements at June 30, 2014: | |||||||||||||||||
Fair Value | Valuation | Unobservable | Range | ||||||||||||||
Technique(s) | Input(s) | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Interest rate caps | $ | 214 | Discounted | Discount rate | 0.4 | %-1.18% | |||||||||||
cash flow | |||||||||||||||||
The following table presents quantitative information about recurring Level 3 fair value measurements at December 31, 2013: | |||||||||||||||||
Fair Value | Valuation | Unobservable | Range | ||||||||||||||
Technique(s) | Input(s) | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Interest rate caps | $ | 546 | Discounted | Discount rate | 0.35 | %-1.18% | |||||||||||
cash flow | |||||||||||||||||
The fair value 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. | |||||||||||||||||
Assets and Liabilities Measured on a Non-Recurring Basis: Assets and liabilities measured at fair value on a non-recurring basis are summarized below: | |||||||||||||||||
Fair Value Measurements at June 30, 2014 Using: | |||||||||||||||||
June 30, | Quoted Prices | Significant | Significant | ||||||||||||||
in Active | Other | Unobservable | |||||||||||||||
Markets for | Observable | Inputs | |||||||||||||||
Identical Assets | Inputs | ||||||||||||||||
2014 | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Permanent real estate loans | $ | 1,062 | $ | — | $ | — | $ | 1,062 | |||||||||
Construction loans | 1,997 | — | — | 1,997 | |||||||||||||
Consumer loans | 163 | — | — | 163 | |||||||||||||
Other real estate owned, net: | |||||||||||||||||
Permanent real estate | 1,366 | — | — | 1,366 | |||||||||||||
Construction | 1,848 | — | — | 1,848 | |||||||||||||
Fair Value Measurements at December 31, 2013 Using: | |||||||||||||||||
December 31, | Quoted Prices | Significant | Significant | ||||||||||||||
in Active | Other | Unobservable | |||||||||||||||
Markets for | Observable | Inputs | |||||||||||||||
Identical Assets | Inputs | ||||||||||||||||
2013 | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
(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 | |||||||||||||
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 $3.2 million at June 30, 2014, that includes a specific valuation allowance of $277,000. This resulted in a decrease of the provision for loan losses of $30,000 during the three months ended June 30, 2014 and an increase in the provision for loan losses of $439,000 during the six months ended June 30, 2014. 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 $3.6 million at June 30, 2013, which includes a specific valuation allowance of $1.0 million. This resulted in a decrease in the provision for loan losses of $1.7 million during the three months ended June 30, 2013 and an increase in the provision for loan losses of $2.3 million during the six months ended June 30, 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 $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. | |||||||||||||||||
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 values versus appraised value. During the reported periods, discounts applied to appraisals for estimated selling costs were 10%. | |||||||||||||||||
At June 30, 2014, mortgage servicing rights carried at fair value were $157,000, resulting in a net valuation allowance of $6,000 for the six months ended June 30, 2014. At June 30, 2013, mortgage servicing rights, carried at fair value, totaled $632,000, which is made up of the outstanding balance of $666,000, net of a valuation allowance of $34,000. At December 31, 2013, mortgage servicing rights carried at fair value of $0, resulting in a net recovery of $680,000 for the year ended December 31, 2013. 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 June 30, 2014, 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 $3.2 million, with a valuation allowance of $3.6 million. This resulted in additional expenses of $146,000 during the three months ended June 30, 2014 and additional expenses of $438,000 during the six months ended June 30, 2014. At June 30, 2013, other real estate owned had a net carrying amount of $7.2 million with a valuation allowance of $6.6 million. This resulted in additional expenses of $1.1 million during the three months ended June 30, 2013 and additional expenses of $1.3 million during the six months ended June 30, 2013. At December 31, 2013, other real estate owned 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. | |||||||||||||||||
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at June 30, 2014: | |||||||||||||||||
Fair Value | Valuation Technique(s) | Unobservable Input(s) | Range (Average) | ||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Permanent real estate loans | $ | 1,062 | Sales comparison approach | Adjustment for differences | 0.00%-56.90% | ||||||||||||
between comparable sales | -11.78% | ||||||||||||||||
Income approach | Adjustment for differences | ||||||||||||||||
in net operating income | 3.95%-14.62% | ||||||||||||||||
Capitalization rate | -9.41% | ||||||||||||||||
Construction loans | 1,997 | Sales comparison approach | Adjustment for differences | 0.00%-25.00% | |||||||||||||
between comparable sales | -11.90% | ||||||||||||||||
Consumer loans | 163 | Sales comparison approach | Adjustment for differences | 0.00%-25.00% | |||||||||||||
between comparable sales | -11.90% | ||||||||||||||||
Other real estate owned, net: | |||||||||||||||||
Permanent real estate loans | 1,366 | Sales comparison approach | Adjustment for differences | 6.00%-46.53% | |||||||||||||
between comparable sales | -17.76% | ||||||||||||||||
Construction loans | 1,848 | Sales comparison approach | Adjustment for differences | 6.54%-26.63% | |||||||||||||
between comparable sales | -9.24% | ||||||||||||||||
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 Value | Valuation Technique(s) | Unobservable Input(s) | Range (Average) | ||||||||||||||
(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 | ||||||||||||||||
in net operating income | 3.95%-14.62% | ||||||||||||||||
Capitalization rate | -9.41% | ||||||||||||||||
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% | ||||||||||||||||
Other real estate owned, net: | |||||||||||||||||
Permanent real estate loans | 1,939 | Sales comparison approach | Adjustment for differences | 6.00%-46.53% | |||||||||||||
between comparable sales | -17.76% | ||||||||||||||||
Construction loans | 2,310 | Sales comparison approach | Adjustment for differences | 6.54%-26.63% | |||||||||||||
between comparable sales | -9.24% | ||||||||||||||||
In accordance with U.S. GAAP, the carrying value and estimated fair values of financial instruments at June 30, 2014 and December 31, 2013, were as follows: | |||||||||||||||||
Fair Value Measurements at June 30, 2014 Using: | |||||||||||||||||
June 30, | |||||||||||||||||
2014 | |||||||||||||||||
Carrying Value | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 43,590 | $ | 43,590 | $ | — | $ | — | |||||||||
Available for sale securities | 516,637 | 452 | 516,185 | — | |||||||||||||
Loans held for sale | 9,290 | — | 9,507 | — | |||||||||||||
Loans, net | 1,086,771 | — | — | 1,096,670 | |||||||||||||
FHLB stock | 18,068 | n/a | n/a | n/a | |||||||||||||
Accrued interest receivable | 5,762 | — | 2,513 | 3,249 | |||||||||||||
Interest rate caps | 214 | — | — | 214 | |||||||||||||
Purchased certificate of deposit option | 489 | — | 489 | — | |||||||||||||
Liabilities: | |||||||||||||||||
Deposits: | |||||||||||||||||
Checking, savings and money market accounts | (923,552 | ) | (923,552 | ) | — | — | |||||||||||
Certificates of deposit | (451,922 | ) | — | (457,181 | ) | — | |||||||||||
FHLB advances | (65,000 | ) | — | (69,647 | ) | — | |||||||||||
Repurchase agreements and other | (90,567 | ) | — | (96,904 | ) | — | |||||||||||
Advance payments by borrowers for taxes and insurance | (12,708 | ) | — | (12,708 | ) | — | |||||||||||
Accrued interest payable | (573 | ) | — | (573 | ) | — | |||||||||||
Written certificate of deposit option | (489 | ) | — | (489 | ) | — | |||||||||||
December 31, | |||||||||||||||||
2013 | Fair Value Measurements at December 31, 2013 Using: | ||||||||||||||||
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 | ) | — | |||||||||||
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; and 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 | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Supplemental Cash Flow Elements [Abstract] | ' | ||||||||
STATEMENT OF CASH FLOWS SUPPLEMENTAL DISCLOSURE | ' | ||||||||
11. STATEMENT OF CASH FLOWS SUPPLEMENTAL DISCLOSURE | |||||||||
Supplemental disclosures of cash flow information are summarized below. | |||||||||
Six Months Ended | Six Months Ended | ||||||||
June 30, | June 30, | ||||||||
2014 | 2013 | ||||||||
(Dollars in thousands) | |||||||||
Supplemental disclosures of cash flow information | |||||||||
Cash paid (received) during the period for: | |||||||||
Interest on deposits and borrowings | $ | 6,150 | $ | 6,836 | |||||
Income taxes | — | 150 | |||||||
Supplemental schedule of noncash activities: | |||||||||
Transfers from loans to real estate owned and other repossessed assets | 853 | 1,053 | |||||||
Amortization of preferred stock discount | — | 6,751 | |||||||
Conversion of preferred stock to common stock | — | 21,841 | |||||||
EARNINGS_PER_SHARE
EARNINGS PER SHARE | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
EARNINGS PER SHARE | ' | ||||||||
12. EARNINGS PER SHARE | |||||||||
The Company has granted stock compensation awards with nonforfeitable dividend rights which are considered participating securities. As such, earnings per share is computed using the two-class method as required by ASC 206-10-45. Basic earnings per common share is computed by dividing net income allocated to common shareholders by the weighted average number of common shares outstanding during the period which excludes the participating securities. Diluted earnings per common share includes the dilutive effect of additional potential common shares from stock compensation awards, but also excludes awards considered participating securities. Stock options for 87,315 shares were anti-dilutive for the three months ended June 30, 2014 and stock options for 380,946 shares were anti-dilutive for the three months ended June 30, 2013. Stock options for 87,315 shares were anti-dilutive for the six months ended June 30, 2014 and stock options for 380,946 shares were anti-dilutive for the six months ended June 30, 2013. | |||||||||
Three months ended | Three months ended | ||||||||
June 30, | June 30, | ||||||||
2014 | 2013 | ||||||||
(Dollars in thousands, except per share data) | |||||||||
Net income per consolidated statements of income | $ | 42,404 | $ | 3,389 | |||||
Net income allocated to participating securities | (235 | ) | (9 | ) | |||||
Amortization of discount on preferred stock | — | (5,930 | ) | ||||||
Net income allocated to common stock | $ | 42,169 | $ | (2,550 | ) | ||||
Basic earnings per common share computation: | |||||||||
Distributed earnings allocated to common stock | $ | — | $ | — | |||||
Undistributed earnings allocated to common stock | 42,169 | (2,550 | ) | ||||||
Net income allocated to common stock | $ | 42,169 | $ | (2,550 | ) | ||||
Weighted average common shares outstanding, including shares considered participating securities | 50,554 | 43,276 | |||||||
Less: Average participating securities | (280 | ) | (116 | ) | |||||
Weighted average shares | 50,274 | 13,160 | |||||||
Basic earnings per common share | $ | 0.84 | $ | (0.06 | ) | ||||
Diluted earnings per common share computation: | |||||||||
Net income allocated to common stock | $ | 42,169 | $ | (2,550 | ) | ||||
Weighted average common shares outstanding for basic earnings per common share | 50,274 | 43,160 | |||||||
Add: Dilutive effects of assumed exercises of stock options | 222 | — | |||||||
Weighted average shares and dilutive potential common shares | 50,496 | 43,160 | |||||||
Diluted earnings per common share | $ | 0.84 | $ | (0.06 | ) | ||||
Six months ended | Six months ended | ||||||||
June 30, | June 30, | ||||||||
2014 | 2013 | ||||||||
(Dollars in thousands, except per share data) | |||||||||
Net income per consolidated statements of income | $ | 44,498 | $ | 6,071 | |||||
Net income allocated to participating securities | (232 | ) | (19 | ) | |||||
Amortization of discount on preferred stock | — | (6,751 | ) | ||||||
Net income allocated to common stock | $ | 44,266 | $ | (699 | ) | ||||
Basic earnings per common share computation: | |||||||||
Distributed earnings allocated to common stock | $ | — | $ | — | |||||
Undistributed earnings allocated to common stock | 44,266 | (699 | ) | ||||||
Net income allocated to common stock | $ | 44,266 | $ | (699 | ) | ||||
Weighted average common shares outstanding, including shares considered participating securities | 50,481 | 38,509 | |||||||
Less: Average participating securities | (263 | ) | (121 | ) | |||||
Weighted average shares | 50,218 | 38,388 | |||||||
Basic earnings per common share | $ | 0.88 | $ | (0.02 | ) | ||||
Diluted earnings per common share computation: | |||||||||
Net income allocated to common stock | $ | 44,266 | $ | (699 | ) | ||||
Weighted average common shares outstanding for basic earnings per common share | 50,218 | 38,388 | |||||||
Add: Dilutive effects of assumed exercises of stock options | 221 | — | |||||||
Weighted average shares and dilutive potential common shares | 50,439 | 38,388 | |||||||
Diluted earnings per common share | $ | 0.88 | $ | (0.02 | ) | ||||
As previously announced and described under Note 16 below, 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: | |||||||||
Total common shares that may be issued upon conversion of preferred shares | 7,942,000 | ||||||||
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 | $ | 6,750,700 | |||||||
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. |
OTHER_COMPREHENSIVE_INCOME_LOS
OTHER COMPREHENSIVE INCOME (LOSS) | 6 Months Ended | ||||||||||||
Jun. 30, 2014 | |||||||||||||
Equity [Abstract] | ' | ||||||||||||
OTHER COMPREHENSIVE INCOME (LOSS) | ' | ||||||||||||
13. OTHER COMPREHENSIVE INCOME (LOSS) | |||||||||||||
Other comprehensive income (loss) included in the Consolidated Statements of Shareholders’ Equity consists of unrealized gains and losses on available for sale securities and reflects no change in unrealized gains and losses on postretirement liability. The change includes $31,000 reclassification of gains on sales of securities and no impairment charges for the three months ended June 30, 2014, and gains on sales of securities of $1.9 million and no impairment charges for the three months ended June 30, 2013. The change includes $34,000 reclassification of gains on sales of securities and no impairment charges for the six months ended June 30, 2014, and gains on sales of securities of $2.6 million and no impairment charges for the six months ended June 30, 2013. | |||||||||||||
Other comprehensive income (loss) components and related tax effects for the three and six month periods are as follows: | |||||||||||||
Three months ended June 30, | |||||||||||||
2014 | 2013 | ||||||||||||
(Dollars in thousands) | |||||||||||||
Unrealized holding gain (loss) on securities available for sale | $ | 11,716 | $ | (31,065 | ) | ||||||||
Unrealized holding gain (loss) on postretirement benefits | — | — | |||||||||||
Reclassification adjustment for (gains) losses realized in income | (31 | ) | (1,857 | ) | |||||||||
Net unrealized gains | 11,685 | (32,922 | ) | ||||||||||
Tax effect, including tax effect attributable to reversal of prior quarter’s deferred tax valuation allowance | (8,489 | ) | — | ||||||||||
Net of tax amount | $ | 3,196 | $ | (32,922 | ) | ||||||||
Six months ended June 30, | |||||||||||||
2014 | 2013 | ||||||||||||
(Dollars in thousands) | |||||||||||||
Unrealized holding gain (loss) on securities available for sale | $ | 24,287 | $ | (33,307 | ) | ||||||||
Unrealized holding gain (loss) on postretirement benefits | — | — | |||||||||||
Reclassification adjustment for (gains) losses realized in income | (34 | ) | (2,578 | ) | |||||||||
Net unrealized gains | 24,253 | (35,885 | ) | ||||||||||
Tax effect | (8,489 | ) | — | ||||||||||
Net of tax amount | $ | 15,764 | $ | (35,885 | ) | ||||||||
The following is a summary of accumulated other comprehensive income (loss) balances, net of tax: | |||||||||||||
Balance at | Current | Balance at | |||||||||||
December 31, | Period | June 30, | |||||||||||
2013 | Change | 2014 | |||||||||||
Unrealized gains (losses) on securities available for sale | $ | (43,364 | ) | $ | 15,764 | $ | (27,600 | ) | |||||
Unrealized gains (losses) on post-retirement benefits | 1,699 | — | 1,699 | ||||||||||
Total | $ | (41,665 | ) | $ | 15,764 | $ | (25,901 | ) | |||||
Balance at | Current | Balance at | |||||||||||
December 31, | Period | June 30, | |||||||||||
2012 | Change | 2013 | |||||||||||
Unrealized gains (losses) on securities available for sale | $ | 5,082 | $ | (35,885 | ) | $ | (30,803 | ) | |||||
Unrealized gains (losses) on post-retirement benefits | 1,600 | — | 1,600 | ||||||||||
Total | $ | 6,682 | $ | (35,885 | ) | $ | (29,203 | ) | |||||
As of June 30, 2014, management concluded it was more likely than not that the Company’s net deferred tax asset (DTA) would be realized and accordingly determined a full deferred tax valuation allowance was no longer required. Upon reversal of the former full deferred tax valuation allowance as of June 30, 2014, certain disproportionate tax effects are retained in accumulated other comprehensive income (loss) totaling approximately a ($16.6) million loss. Almost the entire disproportionate tax effect is attributable to valuation allowance expense recorded through other comprehensive income (loss) on the tax benefit of losses sustained on the available for sale securities portfolio while the Company was in a full deferred tax valuation allowance. This valuation allowance was appropriately reversed through continuing operations at June 30, 2014, leaving the original expense in accumulated other comprehensive income (loss), where it will remain in accordance with the Company’s election of the “portfolio approach”, until such time as the Company would cease to have an available for sale security portfolio. | |||||||||||||
The following is a summary of each component of accumulated other comprehensive income (loss) that was reclassified into net income during the three and six months ended June 30, 2014, net of tax: | |||||||||||||
Unrealized | Postretirement | Total | |||||||||||
gains/losses on | Benefits | ||||||||||||
Available for Sale | |||||||||||||
Securities | |||||||||||||
(Dollars in thousands) | |||||||||||||
Beginning balance (03/31/2014) | $ | (30,796 | ) | $ | 1,699 | $ | (29,097 | ) | |||||
Other comprehensive income before reclassification, net of tax | 3,216 | — | 3,216 | ||||||||||
Amounts reclassified from accumulated other compressive income, net of tax | (20 | ) | — | (20 | ) | ||||||||
Net current period other comprehensive income, net of tax | 3,196 | — | 3,196 | ||||||||||
Ending balance (06/30/2014) | $ | (27,600 | ) | $ | 1,699 | $ | (25,901 | ) | |||||
Unrealized | Postretirement | Total | |||||||||||
gains/losses on | Benefits | ||||||||||||
Available for Sale | |||||||||||||
Securities | |||||||||||||
(Dollars in thousands) | |||||||||||||
Beginning balance (12/31/2013) | $ | (43,364 | ) | $ | 1,699 | $ | (41,665 | ) | |||||
Other comprehensive income before reclassification, net of tax | 15,786 | — | 15,786 | ||||||||||
Amounts reclassified from accumulated other compressive income, net of tax | (22 | ) | — | (22 | ) | ||||||||
Net current period other comprehensive income, net of tax | 15,764 | — | 15,764 | ||||||||||
Ending balance (06/30/2014) | $ | (27,600 | ) | $ | 1,699 | $ | (25,901 | ) | |||||
The following is a summary of each component of accumulated other comprehensive income (loss) that was reclassified into net income during the three and six months ended June 30, 2013: | |||||||||||||
Unrealized | Postretirement | Total | |||||||||||
gains/losses on | Benefits | ||||||||||||
Available for Sale | |||||||||||||
Securities | |||||||||||||
(Dollars in thousands) | |||||||||||||
Beginning balance (03/31/2013) | $ | 2,119 | $ | 1,600 | $ | 3,719 | |||||||
Other comprehensive income before reclassification | (31,065 | ) | — | (31,065 | ) | ||||||||
Amounts reclassified from accumulated other compressive income | (1,857 | ) | — | (1,857 | ) | ||||||||
Net current period other comprehensive income | (32,922 | ) | — | (32,922 | ) | ||||||||
Ending balance (06/30/2013) | $ | (30,803 | ) | $ | 1,600 | $ | (29,203 | ) | |||||
Unrealized | Postretirement | Total | |||||||||||
gains/losses on | Benefits | ||||||||||||
Available for Sale | |||||||||||||
Securities | |||||||||||||
(Dollars in thousands) | |||||||||||||
Beginning balance (12/31/2013) | $ | 5,082 | $ | 1,600 | $ | 6,682 | |||||||
Other comprehensive income before reclassification | (33,307 | ) | — | (33,307 | ) | ||||||||
Amounts reclassified from accumulated other compressive income | (2,578 | ) | — | (2,578 | ) | ||||||||
Net current period other comprehensive income | (35,885 | ) | — | (35,885 | ) | ||||||||
Ending balance (06/30/2013) | $ | (30,803 | ) | $ | 1,600 | $ | (29,203 | ) | |||||
The following are significant amounts reclassified out of each component of accumulated comprehensive income (loss) for the three months ended June 30, 2014: | |||||||||||||
Details About Accumulated Other Comprehensive | Amount Reclassified | Affected Line Item on | |||||||||||
Income Components | From Accumulated | ||||||||||||
Other Comprehensive | the Statement Where | ||||||||||||
Income | |||||||||||||
Net Income is Presented | |||||||||||||
(Dollars in thousands) | |||||||||||||
Realized net gains on the sale of available for sale securities | $ | (31 | ) | Net gains on securities available for sale | |||||||||
11 | Tax expense (benefit) | ||||||||||||
(20 | ) | Net of tax | |||||||||||
Total reclassification during the period | $ | (20 | ) | ||||||||||
The following is significant amounts reclassified out of each component of accumulated comprehensive income (loss) for the three months ended June 30, 2013: | |||||||||||||
Details About Accumulated Other Comprehensive | Amount Reclassified | Affected Line Item on | |||||||||||
Income Components | From Accumulated | ||||||||||||
Other Comprehensive | the Statement Where | ||||||||||||
Income | |||||||||||||
Net Income is Presented | |||||||||||||
(Dollars in thousands) | |||||||||||||
Realized net gains on the sale of available for sale securities | $ | (1,857 | ) | Net gains on securities available for sale | |||||||||
— | Tax expense (benefit) | ||||||||||||
(1,857 | ) | Net of tax | |||||||||||
Total reclassification during the period | $ | (1,857 | ) | ||||||||||
The following is significant amounts reclassified out of each component of accumulated comprehensive income (loss) for the six months ended June 30, 2014: | |||||||||||||
Details About Accumulated Other Comprehensive | Amount Reclassified | Affected Line Item on | |||||||||||
Income Components | From Accumulated | ||||||||||||
Other Comprehensive | the Statement Where | ||||||||||||
Income | |||||||||||||
Net Income is Presented | |||||||||||||
(Dollars in thousands) | |||||||||||||
Realized net gains on the sale of available for sale securities | $ | (34 | ) | Net gains on securities available for sale | |||||||||
12 | Tax expense (benefit) | ||||||||||||
(22 | ) | Net of tax | |||||||||||
Total reclassification during the period | $ | (22 | ) | ||||||||||
The following is significant amounts reclassified out of each component of accumulated comprehensive income (loss) for the six months ended June 30, 2013: | |||||||||||||
Details About Accumulated Other Comprehensive | Amount Reclassified | Affected Line Item on | |||||||||||
Income Components | From Accumulated | ||||||||||||
Other Comprehensive | the Statement Where | ||||||||||||
Income | |||||||||||||
Net Income is Presented | |||||||||||||
(Dollars in thousands) | |||||||||||||
Realized net gains on the sale of available for sale securities | $ | (2,578 | ) | Net gains on securities available for sale | |||||||||
— | Tax expense (benefit) | ||||||||||||
(2,578 | ) | Net of tax | |||||||||||
Total reclassification during the period | $ | (2,578 | ) | ||||||||||
REGULATORY_CAPITAL_REQUIREMENT
REGULATORY CAPITAL REQUIREMENTS | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||
REGULATORY CAPITAL REQUIREMENTS | ' | ||||||||||||||||||||||||
14. 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 possible 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 in keeping with 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 is also subject to qualitative judgments by the regulators about components of capital, risk weightings, and other factors. | |||||||||||||||||||||||||
Quantitative measures established by regulation for capital adequacy require Home Savings to maintain minimum 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 regulatory required capital ratios for Home Savings, along with the dollar amount of capital implied by such ratios, are presented below. | |||||||||||||||||||||||||
As of June 30, 2014 | |||||||||||||||||||||||||
Actual | Minimum Capital | To Be Well Capitalized | |||||||||||||||||||||||
Requirements Per | Under Prompt | ||||||||||||||||||||||||
Regulation | Corrective Action | ||||||||||||||||||||||||
Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Total risk-based capital to risk-weighted assets | $ | 223,734 | 21.26 | % | $ | 84,201 | 8 | % | $ | 105,251 | 10 | % | |||||||||||||
Tier 1 capital to risk-weighted assets | 210,515 | 20 | % | * | * | 63,151 | 6 | % | |||||||||||||||||
Tier 1 capital to average total assets** | 210,515 | 12.05 | % | 69,872 | 4 | % | 87,340 | 5 | % | ||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||
Actual | Minimum Capital | To Be Well Capitalized | |||||||||||||||||||||||
Requirements Per | Under Prompt | ||||||||||||||||||||||||
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 June 30, 2014 and December 31, 2013, Home Savings was considered well capitalized. |
INCOME_TAXES
INCOME TAXES | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
INCOME TAXES | ' | ||||||||
15. INCOME TAXES | |||||||||
Significant components of the deferred tax assets and liabilities are as follows: | |||||||||
June 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
(Dollars in thousands) | |||||||||
Deferred tax assets: | |||||||||
Loan loss reserves | $ | 6,393 | $ | 7,391 | |||||
Postretirement benefits | 1,113 | 1,162 | |||||||
Other real estate owned valuation | 1,247 | 1,421 | |||||||
Tax credits carryforward | 529 | 339 | |||||||
Securities impairment charges | 150 | 153 | |||||||
Unrealized loss on securities available for sale | 5,649 | 14,138 | |||||||
Interest on nonaccrual loans | 910 | 758 | |||||||
Net operating loss carryforward | 23,558 | 26,708 | |||||||
Purchase accounting adjustment | 76 | 70 | |||||||
Accrued bonuses | 149 | 456 | |||||||
Other | 686 | 295 | |||||||
Less: Valuation allowance | (2,481 | ) | (42,802 | ) | |||||
Deferred tax assets | 37,979 | 10,089 | |||||||
Deferred tax liabilities: | |||||||||
Deferred loan fees | 378 | 405 | |||||||
Federal Home Loan Bank stock dividends | 4,585 | 6,715 | |||||||
Mortgage servicing rights | 1,978 | 2,079 | |||||||
Postretirement benefits accrual | 640 | 640 | |||||||
Prepaid expenses | 206 | 250 | |||||||
Deferred tax liabilities | 7,787 | 10,089 | |||||||
Net deferred tax asset | $ | 30,192 | $ | — | |||||
As of June 30, 2014, the net deferred tax asset (DTA) was $30.2 million, and as of December 31, 2013, the net DTA (prior to any valuation allowance) was $42.8 million. Management recorded a valuation allowance against the net deferred tax assets at December 31, 2013 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. | |||||||||
As of June 30, 2014, the Company had reversed $40.3 million of the valuation allowance on its net DTA. $1.6 million of the reversal is due to current year-to-date operating income; the remaining $38.7 million reversal is due to management’s change in judgment regarding the ability to realize deferred tax assets in future years. The remaining $2.5 million of valuation allowance is expected to reverse due to operating income projected for the remainder of 2014. The realization of a DTA is assessed and a valuation allowance is recorded if it is “more likely than not” that all or a portion of the DTA will not be realized. “More likely than not” is defined as the DTA being more than 50% likely of being realized. All available evidence, both positive and negative is considered to determine whether, based on the weight of that evidence, a valuation allowance against the net DTA is required. In assessing the need for a valuation allowance, the Company considered all available evidence about the realization of the DTA both positive and negative, that could be objectively verified. | |||||||||
Positive evidence considered included (1) the Company’s recent history of quarterly pre-tax earnings (ten out of the last eleven quarters with the most recent quarterly loss being recorded for the quarter ended September 30, 2012), (2) expectations for sustained and continued profitability with sufficient taxable income to fully utilize the remaining net deferred tax benefits (3) significant reductions in the level of non-performing assets since their peak, which was the primary source of the losses generated in prior periods (4) resolution to executive searches placed on key management positions (5) evaluation of core earnings (6) adequacy of capital to fund balance sheet and future growth and (7) cost-saving initiatives triggered during the second quarter of 2014. | |||||||||
Negative evidence considered was (1) the uncertainty about the potential impact on future earnings from nonperforming assets along with (2) former pre-tax losses reported by the Company. As the number of consecutive periods of profitability increased and the level of profits are indicative of on-going results, the weight of cumulative losses as negative evidence decreased. A reduction in the weight given to such losses is further validated given that the source of the losses was due to an elevated level of problem assets and related credit costs, which have since been significantly reduced due to the bulk asset sale in 2012 and as evidenced by the improvements in the Company’s asset quality metrics. | |||||||||
After weighing both the positive and negative evidence, management determined that a valuation allowance on the net DTA was no longer warranted as of June 30, 2014. For a more detailed discussion of the Company’s tax calculation, see Note 14 to the consolidated financial statements, included in Item 8 of the Company’s Form 10-K. | |||||||||
Net operating loss carryforwards will begin to expire in the year ending December 31, 2030. | |||||||||
The Company’s ultimate realization of the DTA is dependent upon the generation of future taxable income during the periods in which temporary differences become deductible. Management considers the nature and amount of historical and projected future taxable income, the scheduled reversal of deferred tax assets and liabilities, and available tax planning strategies in making this assessment. The amount of deferred taxes recognized could be impacted by changes to any of these variables. |
CAPITAL_RAISE
CAPITAL RAISE | 6 Months Ended |
Jun. 30, 2014 | |
Text Block [Abstract] | ' |
CAPITAL RAISE | ' |
16. 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. |
RECENT_ACCOUNTING_DEVELOPMENTS1
RECENT ACCOUNTING DEVELOPMENTS (Policies) | 6 Months Ended |
Jun. 30, 2014 | |
Accounting Changes And Error Corrections [Abstract] | ' |
Presentation Unrecognized Tax Benefit | ' |
In July 2013, the Financial Accounting Standards Board 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 was permitted. The effect of adopting this standard did not have a material effect on the Company’s operating results or financial condition. | |
Receivables-Troubled Debt Restructurings by Creditors | ' |
In January 2014, FASB issued Accounting Standards Update 2014-04, Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force). The ASU clarifies when an in-substance repossession or foreclosure occurs and a creditor is considered to have received physical possession of real estate property collateralizing a consumer mortgage loan. Specifically, the new ASU requires a creditor to reclassify a collateralized consumer mortgage loan to real estate property upon obtaining legal title to the real estate collateral, or the borrower voluntarily conveying all interest in the real estate property to the lender to satisfy the loan through a deed in lieu of foreclosure or similar legal agreement. Additional disclosures are required detailing the amount of foreclosed residential real estate property held by the creditor and the recorded investment in consumer mortgages collateralized by real estate property that are in the process of foreclosure. The new guidance is effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2014. The adoption of this guidance will not have a material impact on the Company’s consolidated financial statements, but will result in additional disclosures. | |
Revenue from Contracts with Customers | ' |
In May 2014, FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606). The ASU creates a new topic, Topic 606, to provide guidance on revenue recognition for entities that enter into contracts with customers to transfer goods or services or enter into contracts for the transfer of nonfinancial assets. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additional disclosures are required to provide quantitative and qualitative information regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The new guidance is effective for annual reporting periods, and interim reporting periods within those annual periods, beginning after December 15, 2016. Early adoption is not permitted. Management is currently evaluating the impact of the adoption of this guidance on the Company’s consolidated financial statements. |
STOCK_COMPENSATION_Tables
STOCK COMPENSATION (Tables) | 6 Months Ended | ||||||||||||
Jun. 30, 2014 | |||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||
Summary of Activity in Plans | ' | ||||||||||||
A summary of activity in the plans is as follows: | |||||||||||||
For the six months ended June 30, 2014 | |||||||||||||
Shares | Weighted | Aggregate | |||||||||||
average | intrinsic value | ||||||||||||
exercise price | (in thousands) | ||||||||||||
Outstanding at beginning of year | 948,690 | $ | 5.44 | ||||||||||
Granted | 3,623 | 3.77 | |||||||||||
Exercised | (80,000 | ) | 2.02 | ||||||||||
Forfeited and expired | (284,864 | ) | 12.38 | ||||||||||
Outstanding at end of period | 587,449 | $ | 2.53 | $ | 1,075 | ||||||||
Options exercisable at end of period | 566,528 | $ | 2.49 | $ | 1,064 | ||||||||
Information Related to Stock Option Plans | ' | ||||||||||||
Information related to the stock option plans for the six months ended June 30, 2014 follows: | |||||||||||||
June 30, 2014 | |||||||||||||
Intrinsic value of options exercised | $ | 135,800 | |||||||||||
Cash received from option exercises | 162,000 | ||||||||||||
Tax benefit realized from option exercises | 10,267 | ||||||||||||
Weighted average fair value of options granted, per share | $ | 1.7 | |||||||||||
Weighted-Average Assumptions for Determining Fair Value of Options Granted | ' | ||||||||||||
The fair value of options granted during the second quarter of 2014 was determined using the following weighted-average assumptions as of the grant date: | |||||||||||||
April 3, 2014 | |||||||||||||
Risk-free interest rate | 1.76% | ||||||||||||
Expected term (years) | 5 | ||||||||||||
Expected stock volatility | 64.98% | ||||||||||||
Dividend yield | — % | ||||||||||||
Summary of Changes in Company's Nonvested Restricted Shares | ' | ||||||||||||
A summary of changes in the Company’s nonvested restricted shares for the first six months of 2014 is as follows: | |||||||||||||
Shares | Weighted | ||||||||||||
average grant | |||||||||||||
date fair value | |||||||||||||
Nonvested shares at January 1, 2014 | 192,937 | $ | 3.49 | ||||||||||
Granted | 241,969 | 3.85 | |||||||||||
Vested | (50,061 | ) | 3.54 | ||||||||||
Forfeited | (52,475 | ) | 3.55 | ||||||||||
Nonvested shares at March 31, 2014 | 332,370 | $ | 3.74 | ||||||||||
SECURITIES_Tables
SECURITIES (Tables) | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Components of Available for Sale Portfolio | ' | ||||||||||||||||||||||||
Components of the available for sale portfolio are as follows: | |||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||||||||||
cost | Unrealized | unrealized | value | ||||||||||||||||||||||
Gains | losses | ||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Available for Sale | |||||||||||||||||||||||||
U.S. Treasury and government sponsored entities’ securities | $ | 242,314 | $ | — | $ | (10,717 | ) | $ | 231,597 | ||||||||||||||||
Equity securities | 100 | 352 | — | 452 | |||||||||||||||||||||
Mortgage-backed GSE securities: residential | 290,363 | 185 | (5,960 | ) | 284,588 | ||||||||||||||||||||
Total | $ | 532,777 | $ | 537 | $ | (16,677 | ) | $ | 516,637 | ||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
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 | ||||||||||||||||
Debt Securities Available for Sale by Contractual Maturity | ' | ||||||||||||||||||||||||
Debt securities available for sale by contractual maturity, repricing or expected call date are shown below: | |||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Amortized | Fair | ||||||||||||||||||||||||
Cost | Value | ||||||||||||||||||||||||
Due in one year or less | $ | 500 | $ | 500 | |||||||||||||||||||||
Due after one year through five years | — | — | |||||||||||||||||||||||
Due after five years through ten years | 183,967 | 176,757 | |||||||||||||||||||||||
Due after ten years through fifteen years | 57,847 | 54,340 | |||||||||||||||||||||||
Mortgage-backed GSE securities: residential | 290,363 | 284,588 | |||||||||||||||||||||||
Total | $ | 532,677 | $ | 516,185 | |||||||||||||||||||||
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: | |||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||
U.S. Treasury and government sponsored entities’ securities | $ | — | $ | — | $ | 231,097 | $ | -10,717 | $ | 231,097 | $ | -10,717 | |||||||||||||
Mortgage-backed GSE securities: | |||||||||||||||||||||||||
residential | 4,023 | -7 | 240,899 | -5,953 | 244,922 | -5,960 | |||||||||||||||||||
Total | $ | 4,023 | $ | -7 | $ | 471,996 | $ | -16,670 | $ | 476,019 | $ | -16,677 | |||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||
Less Than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||
U.S. Treasury and government sponsored entities’ securities | $ | 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 | $ | 433,947 | $ | -32,040 | $ | 75,365 | $ | -8,728 | $ | 509,312 | $ | -40,768 | |||||||||||||
LOANS_Tables
LOANS (Tables) | 6 Months Ended | ||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule of Portfolio of Loans | ' | ||||||||||||||||||||||||||||
Portfolio loans consist of the following: | |||||||||||||||||||||||||||||
June 30, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 645,211 | $ | 585,025 | |||||||||||||||||||||||||
Multi-family residential | 52,938 | 54,485 | |||||||||||||||||||||||||||
Nonresidential | 122,066 | 131,251 | |||||||||||||||||||||||||||
Land | 9,635 | 9,683 | |||||||||||||||||||||||||||
Construction: | |||||||||||||||||||||||||||||
One-to four-family residential and land development | 51,974 | 53,349 | |||||||||||||||||||||||||||
Multi-family and nonresidential | 1,010 | — | |||||||||||||||||||||||||||
Total real estate | 882,834 | 833,793 | |||||||||||||||||||||||||||
Consumer | |||||||||||||||||||||||||||||
Home equity | 155,083 | 159,795 | |||||||||||||||||||||||||||
Auto | 4,869 | 5,669 | |||||||||||||||||||||||||||
Marine | 4,088 | 4,308 | |||||||||||||||||||||||||||
Recreational vehicles | 15,983 | 17,347 | |||||||||||||||||||||||||||
Other | 2,004 | 2,112 | |||||||||||||||||||||||||||
Total consumer | 182,027 | 189,231 | |||||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||||||
Secured | 39,001 | 25,714 | |||||||||||||||||||||||||||
Unsecured | 126 | 427 | |||||||||||||||||||||||||||
Total commercial | 39,127 | 26,141 | |||||||||||||||||||||||||||
Total loans | 1,103,988 | 1,049,165 | |||||||||||||||||||||||||||
Less: | |||||||||||||||||||||||||||||
Allowance for loan losses | 18,264 | 21,116 | |||||||||||||||||||||||||||
Deferred loan costs, net | (1,047 | ) | (1,143 | ) | |||||||||||||||||||||||||
Total | 17,217 | 19,973 | |||||||||||||||||||||||||||
Loans, net | $ | 1,086,771 | $ | 1,029,192 | |||||||||||||||||||||||||
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 are based on impairment method as of June 30, 2014 and December 31, 2013 and activity for the three and six months ended June 30, 2014 and 2013. | |||||||||||||||||||||||||||||
Allowance For Loan Losses | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Permanent | Construction | Consumer | Commercial | Total | |||||||||||||||||||||||||
Real | Loans | Loans | Loans | ||||||||||||||||||||||||||
Estate | |||||||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||
For the three months ended June 30, 2014 | |||||||||||||||||||||||||||||
Beginning balance (03/31/14) | $ | 13,626 | $ | 2,027 | $ | 3,895 | $ | 1,006 | $ | 20,554 | |||||||||||||||||||
Provision | (1,013 | ) | (533 | ) | 199 | (267 | ) | (1,614 | ) | ||||||||||||||||||||
Chargeoffs | (415 | ) | (330 | ) | (447 | ) | — | (1,192 | ) | ||||||||||||||||||||
Recoveries | 155 | — | 143 | 218 | 516 | ||||||||||||||||||||||||
Ending balance (06/30/14) | $ | 12,353 | $ | 1,164 | $ | 3,790 | $ | 957 | $ | 18,264 | |||||||||||||||||||
For the six months ended June 30, 2014 | |||||||||||||||||||||||||||||
Beginning balance (12/31/13) | $ | 13,794 | $ | 2,281 | $ | 4,302 | $ | 739 | $ | 21,116 | |||||||||||||||||||
Provision (recovery) | (761 | ) | (708 | ) | 25 | (137 | ) | (1,581 | ) | ||||||||||||||||||||
Chargeoffs | (1,027 | ) | (430 | ) | (854 | ) | (45 | ) | (2,356 | ) | |||||||||||||||||||
Recoveries | 347 | 21 | 317 | 400 | 1,085 | ||||||||||||||||||||||||
Ending balance (06/30/14) | $ | 12,353 | $ | 1,164 | $ | 3,790 | $ | 957 | $ | 18,264 | |||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||
Period-end amount allocated to: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 2,330 | $ | 202 | $ | 1,090 | $ | 3 | $ | 3,625 | |||||||||||||||||||
Loans collectively evaluated for impairment | 10,023 | 962 | 2,700 | 954 | 14,639 | ||||||||||||||||||||||||
Ending balance | $ | 12,353 | $ | 1,164 | $ | 3,790 | $ | 957 | $ | 18,264 | |||||||||||||||||||
Period-end balances: | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 27,007 | $ | 2,550 | $ | 13,491 | $ | 4,032 | $ | 47,080 | |||||||||||||||||||
Loans collectively evaluated for impairment | 802,843 | 50,434 | 168,536 | 35,095 | 1,056,908 | ||||||||||||||||||||||||
Ending balance | $ | 829,850 | $ | 52,984 | $ | 182,027 | $ | 39,127 | $ | 1,103,988 | |||||||||||||||||||
Permanent | Construction | Consumer | Commercial | Total | |||||||||||||||||||||||||
Real Estate | Loans | Loans | Loans | ||||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||
For the three months ended June 30, 2013 | |||||||||||||||||||||||||||||
Beginning balance (03/31/13) | $ | 14,907 | $ | 1,443 | $ | 4,254 | $ | 1,223 | $ | 21,827 | |||||||||||||||||||
Provision | 749 | 464 | 335 | (435 | ) | 1,113 | |||||||||||||||||||||||
Chargeoffs | (3,937 | ) | (139 | ) | (514 | ) | 0 | (4,590 | ) | ||||||||||||||||||||
Recoveries | 410 | 35 | 127 | 115 | 687 | ||||||||||||||||||||||||
Ending balance (06/30/13) | $ | 12,129 | $ | 1,803 | $ | 4,202 | $ | 903 | $ | 19,037 | |||||||||||||||||||
For the six months ended June 30, 2013 | |||||||||||||||||||||||||||||
Beginning balance (12/31/12) | $ | 13,819 | $ | 1,404 | $ | 4,459 | $ | 1,448 | $ | 21,130 | |||||||||||||||||||
Provision | 2,778 | 446 | 573 | (620 | ) | 3,177 | |||||||||||||||||||||||
Chargeoffs | (5,143 | ) | (365 | ) | (1,114 | ) | (128 | ) | (6,750 | ) | |||||||||||||||||||
Recoveries | 675 | 318 | 284 | 203 | 1,480 | ||||||||||||||||||||||||
Ending balance (06/30/13) | $ | 12,129 | $ | 1,803 | $ | 4,202 | $ | 903 | $ | 19,037 | |||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
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 | |||||||||||||||||||
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 six months ended June 30, 2014: | |||||||||||||||||||||||||||||
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 | $ | 7,571 | $ | 6,020 | $ | — | $ | 8,558 | $ | 29 | $ | 148 | |||||||||||||||||
Multifamily residential | 185 | 86 | — | 347 | — | — | |||||||||||||||||||||||
Nonresidential | 5,304 | 3,684 | — | 4,536 | — | 20 | |||||||||||||||||||||||
Land | 3,958 | 532 | — | 498 | — | — | |||||||||||||||||||||||
Total | 17,018 | 10,322 | — | 13,939 | 29 | 168 | |||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 1,741 | 739 | — | 824 | — | — | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 1,741 | 739 | — | 824 | — | — | |||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 2,509 | 1,998 | — | 4,517 | 3 | 46 | |||||||||||||||||||||||
Auto | 94 | 79 | — | 57 | — | 5 | |||||||||||||||||||||||
Marine | 156 | 156 | — | 159 | — | 5 | |||||||||||||||||||||||
Recreational vehicle | 544 | 323 | — | 255 | 3 | 12 | |||||||||||||||||||||||
Other | 6 | 6 | — | 2 | — | — | |||||||||||||||||||||||
Total | 3,309 | 2,562 | — | 4,990 | 6 | 68 | |||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 3,945 | 3,708 | — | 3,948 | — | 2 | |||||||||||||||||||||||
Unsecured | 3,783 | — | — | — | — | 57 | |||||||||||||||||||||||
Total | 7,728 | 3,708 | — | 3,948 | — | 59 | |||||||||||||||||||||||
Total | $ | 29,796 | $ | 17,331 | $ | — | $ | 23,701 | $ | 35 | $ | 295 | |||||||||||||||||
Unpaid | Recorded | Allowance | Average | Interest | Cash Basis | ||||||||||||||||||||||||
Principal | Investment | for Loan | Recorded | Income | Income | ||||||||||||||||||||||||
Balance | Losses | Investment | Recognized | Recognized | |||||||||||||||||||||||||
Allocated | |||||||||||||||||||||||||||||
With a specific allowance recorded Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 15,252 | $ | 15,252 | $ | 2,246 | $ | 11,761 | $ | 292 | $ | 305 | |||||||||||||||||
Multifamily residential | 73 | 48 | 6 | 326 | — | — | |||||||||||||||||||||||
Nonresidential | 1,865 | 1,385 | 78 | 1,015 | 2 | 7 | |||||||||||||||||||||||
Land | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 17,190 | 16,685 | 2,330 | 13,102 | 294 | 312 | |||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 3,436 | 1,811 | 202 | 2,140 | — | — | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 3,436 | 1,811 | 202 | 2,140 | — | — | |||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 10,348 | 10,160 | 949 | 7,568 | 246 | 260 | |||||||||||||||||||||||
Auto | 8 | 8 | — | 4 | — | — | |||||||||||||||||||||||
Marine | — | — | — | — | — | — | |||||||||||||||||||||||
Recreational vehicle | 761 | 761 | 141 | 743 | 11 | 11 | |||||||||||||||||||||||
Other | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 11,117 | 10,929 | 1,090 | 8,315 | 257 | 271 | |||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 324 | 324 | 3 | 162 | — | — | |||||||||||||||||||||||
Unsecured | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 324 | 324 | 3 | 162 | — | — | |||||||||||||||||||||||
Total | $ | 32,067 | $ | 29,749 | $ | 3,625 | $ | 23,719 | $ | 551 | $ | 583 | |||||||||||||||||
Total | $ | 61,863 | $ | 47,080 | $ | 3,625 | $ | 47,420 | $ | 586 | $ | 878 | |||||||||||||||||
The following tables present loans individually evaluated for impairment by class of loans as of and for the six months ended June 30, 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 | $ | 19,608 | $ | 17,484 | $ | — | $ | 16,870 | $ | 305 | $ | 323 | |||||||||||||||||
Multifamily residential | 755 | 660 | — | 734 | 2 | 4 | |||||||||||||||||||||||
Nonresidential | 6,461 | 5,313 | — | 8,688 | 10 | 27 | |||||||||||||||||||||||
Land | 3,913 | 487 | — | 2,951 | — | — | |||||||||||||||||||||||
Total | 30,737 | 23,944 | — | 29,243 | 317 | 354 | |||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 13,409 | 2,081 | — | 2,435 | — | 2 | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 13,409 | 2,081 | — | 2,435 | — | 2 | |||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 11,041 | 10,423 | — | 8,053 | 232 | 255 | |||||||||||||||||||||||
Auto | 65 | 44 | — | 44 | 1 | 2 | |||||||||||||||||||||||
Marine | 186 | 186 | — | 184 | — | 5 | |||||||||||||||||||||||
Recreational vehicle | 1,252 | 1,110 | — | 835 | 16 | 17 | |||||||||||||||||||||||
Other | — | — | — | 4 | — | — | |||||||||||||||||||||||
Total | 12,544 | 11,763 | — | 9,120 | 249 | 279 | |||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 5,380 | 4,512 | — | 2,061 | — | 33 | |||||||||||||||||||||||
Unsecured | 4,371 | 1 | — | 199 | 1 | 28 | |||||||||||||||||||||||
Total | 9,751 | 4,513 | — | 2,260 | 1 | 61 | |||||||||||||||||||||||
Total | $ | 66,441 | $ | 42,301 | $ | — | $ | 43,058 | $ | 567 | $ | 696 | |||||||||||||||||
Unpaid | Recorded | Allowance | Average | Interest | Cash Basis | ||||||||||||||||||||||||
Principal | Investment | for Loan | Recorded | Income | Income | ||||||||||||||||||||||||
Balance | Losses | Investment | Recognized | Recognized | |||||||||||||||||||||||||
Allocated | |||||||||||||||||||||||||||||
With a specific allowance recorded Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 17 | $ | 10 | $ | 1 | $ | 370 | $ | — | $ | — | |||||||||||||||||
Multifamily residential | 185 | 85 | 25 | 785 | — | — | |||||||||||||||||||||||
Nonresidential | 2,326 | 1,994 | 325 | 6,477 | 5 | 35 | |||||||||||||||||||||||
Land | — | — | — | 1,656 | — | — | |||||||||||||||||||||||
Total | 2,528 | 2,089 | 351 | 9,288 | 5 | 35 | |||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 3,921 | 2,316 | 685 | 4,280 | — | — | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 3,921 | 2,316 | 685 | 4,280 | — | — | |||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | — | — | — | — | — | — | |||||||||||||||||||||||
Auto | — | — | — | — | — | — | |||||||||||||||||||||||
Marine | — | — | — | — | — | — | |||||||||||||||||||||||
Recreational vehicle | — | — | — | 9 | — | — | |||||||||||||||||||||||
Other | — | — | — | — | — | — | |||||||||||||||||||||||
Total | — | — | — | 9 | — | — | |||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 571 | 204 | 10 | 314 | — | — | |||||||||||||||||||||||
Unsecured | — | — | — | — | — | — | |||||||||||||||||||||||
Total | 571 | 204 | 10 | 314 | — | — | |||||||||||||||||||||||
Total | 7,020 | 4,609 | 1,046 | 13,891 | 5 | 35 | |||||||||||||||||||||||
Total | $ | 73,461 | $ | 46,910 | $ | 1,046 | $ | 56,949 | $ | 572 | $ | 731 | |||||||||||||||||
The following table present loans individually evaluated for impairment by class of loans as of December 31, 2013: | |||||||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Unpaid | Recorded | Allowance | |||||||||||||||||||||||||||
Principal | Investment | for Loan | |||||||||||||||||||||||||||
Balance | Losses | ||||||||||||||||||||||||||||
Allocated | |||||||||||||||||||||||||||||
With no specific allowance recorded Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 13,321 | $ | 11,309 | $ | — | |||||||||||||||||||||||
Multifamily residential | 662 | 567 | — | ||||||||||||||||||||||||||
Nonresidential | 6,451 | 5,311 | — | ||||||||||||||||||||||||||
Land | 3,913 | 487 | — | ||||||||||||||||||||||||||
Total | 24,347 | 17,674 | — | ||||||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 1,433 | 825 | — | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | 1,433 | 825 | — | ||||||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 6,458 | 5,808 | — | ||||||||||||||||||||||||||
Auto | 83 | 66 | — | ||||||||||||||||||||||||||
Marine | 160 | 160 | — | ||||||||||||||||||||||||||
Recreational vehicle | 429 | 386 | — | ||||||||||||||||||||||||||
Other | 2 | 2 | — | ||||||||||||||||||||||||||
Total | 7,132 | 6,422 | — | ||||||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 4,414 | 4,044 | — | ||||||||||||||||||||||||||
Unsecured | 4,067 | — | — | ||||||||||||||||||||||||||
Total | 8,481 | 4,044 | — | ||||||||||||||||||||||||||
Total | $ | 41,393 | $ | 28,965 | $ | — | |||||||||||||||||||||||
Unpaid | Recorded | Allowance | |||||||||||||||||||||||||||
Principal | Investment | for Loan | |||||||||||||||||||||||||||
Balance | Losses | ||||||||||||||||||||||||||||
Allocated | |||||||||||||||||||||||||||||
With a specific allowance recorded Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 8,897 | $ | 8,897 | $ | 1,675 | |||||||||||||||||||||||
Multifamily residential | 185 | 85 | 25 | ||||||||||||||||||||||||||
Nonresidential | 908 | 568 | 86 | ||||||||||||||||||||||||||
Land | — | — | — | ||||||||||||||||||||||||||
Total | 9,990 | 9,550 | 1,786 | ||||||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 3,895 | 2,267 | 680 | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | 3,895 | 2,267 | 680 | ||||||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 6,743 | 6,743 | 719 | ||||||||||||||||||||||||||
Auto | — | — | — | ||||||||||||||||||||||||||
Marine | — | — | — | ||||||||||||||||||||||||||
Recreational vehicle | 656 | 656 | 140 | ||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||
Total | 7,399 | 7,399 | 859 | ||||||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | — | — | — | ||||||||||||||||||||||||||
Unsecured | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | ||||||||||||||||||||||||||
Total | $ | 21,284 | $ | 19,216 | $ | 3,325 | |||||||||||||||||||||||
Total | $ | 62,677 | $ | 48,181 | $ | 3,325 | |||||||||||||||||||||||
The following tables present loans individually evaluated for impairment by class of loans as of and for the three months ended June 30, 2014: | |||||||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Average | Interest | Cash Basis | |||||||||||||||||||||||||||
Recorded | Income | Income | |||||||||||||||||||||||||||
Investment | Recognized | Recognized | |||||||||||||||||||||||||||
With no specific allowance recorded Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 5,226 | $ | 13 | $ | 84 | |||||||||||||||||||||||
Multifamily residential | 88 | — | 1 | ||||||||||||||||||||||||||
Nonresidential | 3,802 | — | 10 | ||||||||||||||||||||||||||
Land | 510 | — | — | ||||||||||||||||||||||||||
Total | 9,626 | 13 | 95 | ||||||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 690 | — | — | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | 690 | — | — | ||||||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 1,875 | 2 | 21 | ||||||||||||||||||||||||||
Auto | 65 | — | 2 | ||||||||||||||||||||||||||
Marine | 157 | — | 2 | ||||||||||||||||||||||||||
Recreational vehicle | 195 | 1 | 4 | ||||||||||||||||||||||||||
Other | 4 | — | — | ||||||||||||||||||||||||||
Total | 2,296 | 3 | 29 | ||||||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 3,710 | — | 1 | ||||||||||||||||||||||||||
Unsecured | — | 9 | 23 | ||||||||||||||||||||||||||
Total | 3,710 | 9 | 24 | ||||||||||||||||||||||||||
Total | $ | 16,322 | $ | 25 | $ | 148 | |||||||||||||||||||||||
Average | Interest | Cash Basis | |||||||||||||||||||||||||||
Recorded | Income | Income | |||||||||||||||||||||||||||
Investment | Recognized | Recognized | |||||||||||||||||||||||||||
With a specific allowance recorded Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 15,742 | $ | 145 | $ | 148 | |||||||||||||||||||||||
Multifamily residential | 567 | — | — | ||||||||||||||||||||||||||
Nonresidential | 1,404 | 1 | 3 | ||||||||||||||||||||||||||
Land | — | — | — | ||||||||||||||||||||||||||
Total | 17,713 | 146 | 151 | ||||||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 2,026 | — | — | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | 2,026 | — | — | ||||||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 10,399 | 124 | 131 | ||||||||||||||||||||||||||
Auto | 9 | — | — | ||||||||||||||||||||||||||
Marine | — | — | — | ||||||||||||||||||||||||||
Recreational vehicle | 794 | 7 | 7 | ||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||
Total | 11,202 | 131 | 138 | ||||||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 324 | — | — | ||||||||||||||||||||||||||
Unsecured | — | — | — | ||||||||||||||||||||||||||
Total | 324 | — | — | ||||||||||||||||||||||||||
Total | $ | 31,265 | $ | 277 | $ | 289 | |||||||||||||||||||||||
Total | $ | 47,587 | $ | 302 | $ | 437 | |||||||||||||||||||||||
The following tables present loans individually evaluated for impairment by class of loans as of and for the three months ended June 30, 2013: | |||||||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Average | Interest | Cash Basis | |||||||||||||||||||||||||||
Recorded | Income | Income | |||||||||||||||||||||||||||
Investment | Recognized | Recognized | |||||||||||||||||||||||||||
With no specific allowance recorded Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 17,469 | $ | 148 | $ | 155 | |||||||||||||||||||||||
Multifamily residential | 671 | — | 1 | ||||||||||||||||||||||||||
Nonresidential | 5,485 | 2 | 5 | ||||||||||||||||||||||||||
Land | 2,094 | — | — | ||||||||||||||||||||||||||
Total | 25,719 | 150 | 161 | ||||||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 1,804 | — | — | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | 1,804 | — | — | ||||||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | 9,649 | 107 | 119 | ||||||||||||||||||||||||||
Auto | 41 | — | 1 | ||||||||||||||||||||||||||
Marine | 187 | — | 2 | ||||||||||||||||||||||||||
Recreational vehicle | 1,055 | 5 | 6 | ||||||||||||||||||||||||||
Other | 4 | — | — | ||||||||||||||||||||||||||
Total | 10,936 | 112 | 128 | ||||||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 2,827 | — | 15 | ||||||||||||||||||||||||||
Unsecured | 357 | — | 6 | ||||||||||||||||||||||||||
Total | 3,184 | — | 21 | ||||||||||||||||||||||||||
Total | $ | 41,643 | $ | 262 | $ | 310 | |||||||||||||||||||||||
Average | Interest | Cash Basis | |||||||||||||||||||||||||||
Recorded | Income | Income | |||||||||||||||||||||||||||
Investment | Recognized | Recognized | |||||||||||||||||||||||||||
With a specific allowance recorded Permanent real estate | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 373 | $ | — | $ | — | |||||||||||||||||||||||
Multifamily residential | 575 | — | — | ||||||||||||||||||||||||||
Nonresidential | 7,045 | — | 17 | ||||||||||||||||||||||||||
Land | 1,064 | — | — | ||||||||||||||||||||||||||
Total | 9,057 | — | 17 | ||||||||||||||||||||||||||
Construction loans | |||||||||||||||||||||||||||||
One-to four-family residential | 2,864 | — | — | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | 2,864 | — | — | ||||||||||||||||||||||||||
Consumer loans | |||||||||||||||||||||||||||||
Home Equity | — | — | — | ||||||||||||||||||||||||||
Auto | — | — | — | ||||||||||||||||||||||||||
Marine | — | — | — | ||||||||||||||||||||||||||
Recreational vehicle | — | — | — | ||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | ||||||||||||||||||||||||||
Commercial loans | |||||||||||||||||||||||||||||
Secured | 204 | — | — | ||||||||||||||||||||||||||
Unsecured | — | — | — | ||||||||||||||||||||||||||
Total | 204 | — | — | ||||||||||||||||||||||||||
Total | $ | 12,125 | $ | — | $ | 17 | |||||||||||||||||||||||
Total | $ | 53,768 | $ | 262 | $ | 327 | |||||||||||||||||||||||
Presentation of Recorded Investment in Nonaccrual Loans and Loans Past Due Over 90 Days and Still on Accrual by Class of Loans | ' | ||||||||||||||||||||||||||||
The following table presents the recorded investment in nonaccrual and loans past due over 90 days and still on accrual by class of loans as of June 30, 2014: | |||||||||||||||||||||||||||||
Nonaccrual Loans and Loans Past Due Over 90 Days and Still Accruing | |||||||||||||||||||||||||||||
As of June 30, 2014 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Nonaccrual | Loans past due | ||||||||||||||||||||||||||||
over 90 days | |||||||||||||||||||||||||||||
and still | |||||||||||||||||||||||||||||
accruing | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 5,380 | $ | — | |||||||||||||||||||||||||
Multifamily residential | 134 | — | |||||||||||||||||||||||||||
Nonresidential | 4,902 | — | |||||||||||||||||||||||||||
Land | 532 | — | |||||||||||||||||||||||||||
Total | 10,948 | — | |||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | 2,550 | — | |||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | |||||||||||||||||||||||||||
Total | 2,550 | — | |||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 2,224 | — | |||||||||||||||||||||||||||
Auto | 64 | — | |||||||||||||||||||||||||||
Marine | 127 | — | |||||||||||||||||||||||||||
Recreational vehicle | 242 | — | |||||||||||||||||||||||||||
Other | 6 | — | |||||||||||||||||||||||||||
Total | 2,663 | — | |||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | 4,023 | — | |||||||||||||||||||||||||||
Unsecured | 128 | — | |||||||||||||||||||||||||||
Total | 4,151 | — | |||||||||||||||||||||||||||
Total | $ | 20,312 | $ | — | |||||||||||||||||||||||||
The following table presents 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 | |||||||||||||||||||||||||
Presentation of Age Analysis of Past-Due Loans, Segregated by Class of Loans | ' | ||||||||||||||||||||||||||||
The following table presents an age analysis of past-due loans, segregated by class of loans as of June 30, 2014: | |||||||||||||||||||||||||||||
Past Due Loans | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
30-59 | 60-89 | Greater | Total Past | Current | Total Loans | ||||||||||||||||||||||||
Days Past | Days Past | than 90 | Due | Loans | |||||||||||||||||||||||||
Due | Due | Days Past | |||||||||||||||||||||||||||
Due | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 1,325 | $ | 419 | $ | 2,795 | $ | 4,539 | $ | 640,672 | $ | 645,211 | |||||||||||||||||
Multifamily residential | — | — | 133 | 133 | 52,805 | 52,938 | |||||||||||||||||||||||
Nonresidential | — | — | 4,852 | 4,852 | 117,214 | 122,066 | |||||||||||||||||||||||
Land | — | — | 532 | 532 | 9,103 | 9,635 | |||||||||||||||||||||||
Total | 1,325 | 419 | 8,312 | 10,056 | 819,794 | 829,850 | |||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | — | — | 2,553 | 2,553 | 49,421 | 51,974 | |||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | — | 1,010 | 1,010 | |||||||||||||||||||||||
Total | — | — | 2,553 | 2,553 | 50,431 | 52,984 | |||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 905 | 103 | 1,440 | 2,448 | 152,635 | 155,083 | |||||||||||||||||||||||
Auto | — | — | 30 | 30 | 4,839 | 4,869 | |||||||||||||||||||||||
Marine | 60 | — | — | 60 | 4,028 | 4,088 | |||||||||||||||||||||||
Recreational vehicle | 282 | 477 | 150 | 909 | 15,074 | 15,983 | |||||||||||||||||||||||
Other | 2 | 9 | 1 | 12 | 1,992 | 2,004 | |||||||||||||||||||||||
Total | 1,249 | 589 | 1,621 | 3,459 | 178,568 | 182,027 | |||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | — | 4,023 | 4,023 | 34,978 | 39,001 | |||||||||||||||||||||||
Unsecured | — | — | 128 | 128 | (2 | ) | 126 | ||||||||||||||||||||||
Total | — | — | 4,151 | 4,151 | 34,976 | 39,127 | |||||||||||||||||||||||
Total | $ | 2,574 | $ | 1,008 | $ | 16,637 | $ | 20,219 | $ | 1,083,769 | $ | 1,103,988 | |||||||||||||||||
The following table presents 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 Past | Days Past | than 90 | Due | Loans | Loans | ||||||||||||||||||||||||
Due | 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 | |||||||||||||||||
Loans by Class Modified as Troubled Debt Restructuring | ' | ||||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the three months ended June 30, 2014: | |||||||||||||||||||||||||||||
Number of | Pre- | Post- | |||||||||||||||||||||||||||
loans | Modification | Modification | |||||||||||||||||||||||||||
Outstanding | Recorded | ||||||||||||||||||||||||||||
Recorded | Investment | ||||||||||||||||||||||||||||
Investment | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family | 11 | $ | 922 | $ | 969 | ||||||||||||||||||||||||
Multifamily residential | — | — | — | ||||||||||||||||||||||||||
Nonresidential | — | — | — | ||||||||||||||||||||||||||
Land | — | — | — | ||||||||||||||||||||||||||
Total | 11 | 922 | 969 | ||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | — | — | — | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | ||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 9 | 465 | 450 | ||||||||||||||||||||||||||
Auto | — | — | — | ||||||||||||||||||||||||||
Marine | — | — | — | ||||||||||||||||||||||||||
Recreational vehicle | — | — | — | ||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||
Total | 9 | 465 | 450 | ||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | — | — | ||||||||||||||||||||||||||
Unsecured | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | ||||||||||||||||||||||||||
Total Restructured Loans | 20 | $ | 1,387 | $ | 1,419 | ||||||||||||||||||||||||
The troubled debt restructurings described above increased the allowance for loan losses by $59,000 and resulted in charge-offs of $3,000 during the three months ended June 30, 2014. | |||||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the six months ended June 30, 2014: | |||||||||||||||||||||||||||||
Number of | Pre- | Post- | |||||||||||||||||||||||||||
loans | Modification | Modification | |||||||||||||||||||||||||||
Outstanding | Recorded | ||||||||||||||||||||||||||||
Recorded | Investment | ||||||||||||||||||||||||||||
Investment | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family | 20 | $ | 1,491 | $ | 1,545 | ||||||||||||||||||||||||
Multifamily residential | — | — | — | ||||||||||||||||||||||||||
Nonresidential | 1 | 120 | 120 | ||||||||||||||||||||||||||
Land | — | — | — | ||||||||||||||||||||||||||
Total | 21 | 1,611 | 1,665 | ||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | — | — | — | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | ||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 19 | 1,017 | 1,009 | ||||||||||||||||||||||||||
Auto | — | — | — | ||||||||||||||||||||||||||
Marine | — | — | — | ||||||||||||||||||||||||||
Recreational vehicle | — | — | — | ||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||
Total | 19 | 1,017 | 1,009 | ||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | — | — | ||||||||||||||||||||||||||
Unsecured | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | ||||||||||||||||||||||||||
Total Restructured Loans | 40 | $ | 2,628 | $ | 2,674 | ||||||||||||||||||||||||
The troubled debt restructurings described above increased the allowance for loan losses by $116,000 and resulted in charge-offs of $3,000 during the six months ended June 30, 2014. | |||||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the three months ended June 30, 2013: | |||||||||||||||||||||||||||||
Number of | Pre-Modification | Post- | |||||||||||||||||||||||||||
loans | Outstanding | Modification | |||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family | 9 | $ | 1,099 | $ | 844 | ||||||||||||||||||||||||
Multifamily residential | 1 | 469 | 469 | ||||||||||||||||||||||||||
Nonresidential | 1 | 41 | 41 | ||||||||||||||||||||||||||
Land | 2 | 3,913 | 487 | ||||||||||||||||||||||||||
Total | 13 | 5,522 | 1,841 | ||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | 1 | 1,161 | 823 | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | 1 | 1,161 | 823 | ||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 37 | 1,655 | 1,660 | ||||||||||||||||||||||||||
Auto | — | — | — | ||||||||||||||||||||||||||
Marine | — | — | — | ||||||||||||||||||||||||||
Recreational vehicle | — | — | — | ||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||
Total | 37 | 1,655 | 1,660 | ||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | — | — | ||||||||||||||||||||||||||
Unsecured | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | ||||||||||||||||||||||||||
Total Restructured Loans | 51 | $ | 8,338 | $ | 4,324 | ||||||||||||||||||||||||
The troubled debt restructurings described above increased the allowance for loan losses by $199,000, and resulted in charge-offs of $1.8 million during the three months ended June 30, 2013.. | |||||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the six months ended June 30, 2013: | |||||||||||||||||||||||||||||
Number of | Pre-Modification | Post- | |||||||||||||||||||||||||||
loans | Outstanding | Modification | |||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family | 22 | $ | 1,842 | $ | 1,606 | ||||||||||||||||||||||||
Multifamily residential | 1 | 469 | 469 | ||||||||||||||||||||||||||
Nonresidential | 1 | 41 | 41 | ||||||||||||||||||||||||||
Land | 2 | 3,913 | 487 | ||||||||||||||||||||||||||
Total | 26 | 6,265 | 2,603 | ||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | 1 | 1,161 | 823 | ||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | — | ||||||||||||||||||||||||||
Total | 1 | 1,161 | 823 | ||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 63 | 2,526 | 2,537 | ||||||||||||||||||||||||||
Auto | — | — | — | ||||||||||||||||||||||||||
Marine | — | — | — | ||||||||||||||||||||||||||
Recreational vehicle | 4 | 791 | 804 | ||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||
Total | 67 | 3,317 | 3,341 | ||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | — | — | ||||||||||||||||||||||||||
Unsecured | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | ||||||||||||||||||||||||||
Total Restructured Loans | 94 | $ | 10,743 | $ | 6,767 | ||||||||||||||||||||||||
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 a twelve month cycle following the modification as June 30, 2014: | |||||||||||||||||||||||||||||
Number of | Recorded | ||||||||||||||||||||||||||||
loans | Investment | ||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family | 2 | $ | 74 | ||||||||||||||||||||||||||
Multifamily residential | — | — | |||||||||||||||||||||||||||
Nonresidential | — | — | |||||||||||||||||||||||||||
Land | — | — | |||||||||||||||||||||||||||
Total | 2 | 74 | |||||||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | — | — | |||||||||||||||||||||||||||
Multifamily and nonresidential | — | — | |||||||||||||||||||||||||||
Total | — | — | |||||||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 4 | 172 | |||||||||||||||||||||||||||
Auto | — | — | |||||||||||||||||||||||||||
Marine | — | — | |||||||||||||||||||||||||||
Recreational vehicle | — | — | |||||||||||||||||||||||||||
Other | — | — | |||||||||||||||||||||||||||
Total | 4 | 172 | |||||||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | — | — | |||||||||||||||||||||||||||
Unsecured | — | — | |||||||||||||||||||||||||||
Total | — | — | |||||||||||||||||||||||||||
Total Restructured Loans | 6 | $ | 246 | ||||||||||||||||||||||||||
The troubled debt restructurings that subsequently defaulted described above resulted in no charge-offs during the three months ended June 30, 2014, and had no effect on the provision for loan losses. | |||||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings for which there was a payment default within a twelve month cycle following the modification as of December 31, 2013: | |||||||||||||||||||||||||||||
Number of loans | Recorded 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 | ||||||||||||||||||||||||||
Risk Category of Loans by Class of Loans | ' | ||||||||||||||||||||||||||||
As of June 30, 2014 and December 31, 2013, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: | |||||||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||
Unclassified | Classified | ||||||||||||||||||||||||||||
Unclassified | Special | Substandard | Doubtful | Loss | Total | Total Loans | |||||||||||||||||||||||
Mention | Classified | ||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||
Permanent | |||||||||||||||||||||||||||||
One-to four-family residential | $ | 636,679 | $ | 1,556 | $ | 6,976 | $ | — | $ | — | $ | 6,976 | $ | 645,211 | |||||||||||||||
Multifamily residential | 47,655 | 2,599 | 2,684 | — | — | 2,684 | 52,938 | ||||||||||||||||||||||
Nonresidential | 92,480 | 8,605 | 20,981 | — | — | 20,981 | 122,066 | ||||||||||||||||||||||
Land | 9,148 | — | 487 | — | — | 487 | 9,635 | ||||||||||||||||||||||
Total | 785,962 | 12,760 | 31,128 | — | — | 31,128 | 829,850 | ||||||||||||||||||||||
Construction Loans | |||||||||||||||||||||||||||||
One-to four-family residential | 49,423 | — | 2,551 | — | — | 2,551 | 51,974 | ||||||||||||||||||||||
Multifamily and nonresidential | 1,010 | — | — | — | — | — | 1,010 | ||||||||||||||||||||||
Total | 50,433 | — | 2,551 | — | — | 2,551 | 52,984 | ||||||||||||||||||||||
Consumer Loans | |||||||||||||||||||||||||||||
Home Equity | 152,467 | 27 | 2,589 | — | — | 2,589 | 155,083 | ||||||||||||||||||||||
Auto | 4,790 | 4 | 75 | — | — | 75 | 4,869 | ||||||||||||||||||||||
Marine | 3,932 | — | 156 | — | — | 156 | 4,088 | ||||||||||||||||||||||
Recreational vehicle | 15,715 | — | 268 | — | — | 268 | 15,983 | ||||||||||||||||||||||
Other | 1,990 | — | 14 | — | — | 14 | 2,004 | ||||||||||||||||||||||
Total | 178,894 | 31 | 3,102 | — | — | 3,102 | 182,027 | ||||||||||||||||||||||
Commercial Loans | |||||||||||||||||||||||||||||
Secured | 32,173 | 2,030 | 4,798 | — | — | 4,798 | 39,001 | ||||||||||||||||||||||
Unsecured | 10 | — | 116 | — | — | 116 | 126 | ||||||||||||||||||||||
Total | 32,183 | 2,030 | 4,914 | — | — | 4,914 | 39,127 | ||||||||||||||||||||||
Total | $ | 1,047,472 | $ | 14,821 | $ | 41,695 | $ | — | $ | — | $ | 41,695 | $ | 1,103,988 | |||||||||||||||
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 | |||||||||||||||
MORTGAGE_BANKING_ACTIVITIES_Ta
MORTGAGE BANKING ACTIVITIES (Tables) | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Text Block [Abstract] | ' | ||||||||
Principal Balance of Mortgage Servicing Rights | ' | ||||||||
Mortgage loans serviced for others are not reported as assets. The principal balances of these loans are as follows: | |||||||||
June 30, 2014 | December 31, 2013 | ||||||||
(Dollars in thousands) | |||||||||
Mortgage loan portfolios serviced for: | |||||||||
FHLMC | $ | 816,370 | $ | 827,146 | |||||
FNMA | 272,639 | 283,340 | |||||||
Capitalized Mortgage Servicing Rights | ' | ||||||||
Activity for capitalized mortgage servicing rights, included in other assets, was as follows: | |||||||||
Six Months Ended | Six Months Ended | ||||||||
June 30, 2014 | June 30, 2013 | ||||||||
(Dollars in thousands) | |||||||||
Balance, beginning of year | $ | 5,941 | $ | 5,506 | |||||
Originations | 541 | 1,791 | |||||||
Amortized to expense | (824 | ) | (1,230 | ) | |||||
Balance, end of period | 5,658 | 6,067 | |||||||
Less valuation allowance | (6 | ) | (34 | ) | |||||
Net balance | $ | 5,652 | $ | 6,033 | |||||
Valuation Allowance for Mortgage Servicing Rights | ' | ||||||||
Activity in the valuation allowance for mortgage servicing rights was as follows: | |||||||||
Six Months Ended | Six Months Ended | ||||||||
June 30, 2014 | June 30, 2013 | ||||||||
(Dollars in thousands) | |||||||||
Balance, beginning of year | $ | — | $ | (680 | ) | ||||
Impairment charges | (6 | ) | — | ||||||
Recoveries | — | 646 | |||||||
Balance, end of period | $ | (6 | ) | $ | (34 | ) | |||
Key Economic Assumptions in Measuring Value of Mortgage Servicing Rights | ' | ||||||||
Key economic assumptions in measuring the value of mortgage servicing rights at June 30, 2014, and December 31, 2013, were as follows: | |||||||||
June 30, 2014 | December 31, 2013 | ||||||||
Weighted average prepayment rate | 195 PSA | 182 PSA | |||||||
Weighted average life (in years) | 3.74 | 3.94 | |||||||
Weighted average discount rate | 8 | % | 8 | % | |||||
OTHER_REAL_ESTATE_OWNED_AND_OT1
OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS (Tables) | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Text Block [Abstract] | ' | ||||||||
Real Estate Owned and Other Repossessed Assets | ' | ||||||||
Real estate owned and other repossessed assets at June 30, 2014 and June 30, 2013 were as follows: | |||||||||
June 30, 2014 | June 30, 2013 | ||||||||
(Dollars in thousands) | |||||||||
Real estate owned and other repossessed assets | $ | 8,111 | $ | 17,864 | |||||
Valuation allowance | (3,563 | ) | (6,505 | ) | |||||
End of period | $ | 4,548 | $ | 11,359 | |||||
Valuation Allowance Related to Real Estate Owned | ' | ||||||||
Activity in the valuation allowance was as follows: | |||||||||
June 30, 2014 | June 30, 2013 | ||||||||
(Dollars in thousands) | |||||||||
Beginning of year | $ | 4,059 | $ | 6,796 | |||||
Additions charged to expense | 438 | 1,337 | |||||||
Reductions due to sales | (934 | ) | (1,628 | ) | |||||
End of period | $ | 3,563 | $ | 6,505 | |||||
Expenses Related to Foreclosed and Repossessed Assets | ' | ||||||||
Expenses related to foreclosed and repossessed assets include: | |||||||||
Three Months | Three Months | ||||||||
Ended | Ended | ||||||||
June 30, | June 30, | ||||||||
2014 | 2013 | ||||||||
(Dollars in thousands) | |||||||||
Net (gain) loss on sales | $ | (104 | ) | $ | 126 | ||||
Provision for unrealized losses, net | 146 | 1,014 | |||||||
Operating expenses, net of rental income | 137 | 293 | |||||||
Total expenses | $ | 179 | $ | 1,433 | |||||
Six Months | Six Months | ||||||||
Ended | Ended | ||||||||
June 30, | June 30, | ||||||||
2014 | 2013 | ||||||||
(Dollars in thousands) | |||||||||
Net (gain) loss on sales | $ | (13 | ) | $ | 234 | ||||
Provision for unrealized losses, net | 438 | 1,337 | |||||||
Operating expenses, net of rental income | 350 | 786 | |||||||
Total expenses | $ | 775 | $ | 2,357 | |||||
OTHER_POSTRETIREMENT_BENEFIT_P1
OTHER POSTRETIREMENT BENEFIT PLANS (Tables) | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Compensation And Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Components of Net Periodic Benefit Cost | ' | ||||||||||||||||
Components of net periodic benefit cost are as follows: | |||||||||||||||||
Three Months | Six Months | ||||||||||||||||
Ended June 30, | Ended June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Service cost | $ | — | $ | — | $ | — | $ | — | |||||||||
Interest cost | 14 | 13 | 28 | 26 | |||||||||||||
Expected return on plan assets | — | — | — | — | |||||||||||||
Net amortization of prior service cost | (19 | ) | (19 | ) | (39 | ) | (38 | ) | |||||||||
Recognized net actuarial gain | (36 | ) | (28 | ) | (71 | ) | (56 | ) | |||||||||
Net periodic benefit cost/(gain) | $ | (41 | ) | $ | (34 | ) | $ | (82 | ) | $ | (68 | ) | |||||
Assumptions Used in Valuation of Other Postretirement Benefits | ' | ||||||||||||||||
Assumptions used in the valuations were as follows: | |||||||||||||||||
Weighted average discount rate | 3.95 | % | 3 | % | 3.95 | % | 3 | % |
FAIR_VALUE_MEASUREMENT_Tables
FAIR VALUE MEASUREMENT (Tables) | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
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 June 30, 2014 Using: | |||||||||||||||||
June 30, | Quoted | Significant | Significant | ||||||||||||||
Prices in | Other | Unobservable | |||||||||||||||
Active | Observable | Inputs | |||||||||||||||
Markets for | Inputs | ||||||||||||||||
Identical | |||||||||||||||||
Assets | |||||||||||||||||
2014 | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Available for sale securities | |||||||||||||||||
U.S. Treasury and government sponsored entities’ securities | $ | 231,597 | $ | — | $ | 231,597 | $ | — | |||||||||
Equity securities | 452 | 452 | — | — | |||||||||||||
Mortgage-backed GSE securities: residential | 284,588 | — | 284,588 | — | |||||||||||||
Mortgage servicing assets | 157 | — | 157 | — | |||||||||||||
Interest rate caps | 214 | — | — | 214 | |||||||||||||
Purchased certificate of deposit option | 489 | — | 489 | — | |||||||||||||
Liabilities | |||||||||||||||||
Written certificate of deposit option | 489 | — | 489 | — | |||||||||||||
Fair Value Measurements at December 31, 2013 Using: | |||||||||||||||||
December 31, | Quoted Prices | Significant | Significant | ||||||||||||||
in Active | Other | Unobservable | |||||||||||||||
Markets for | Observable | Inputs | |||||||||||||||
Identical | Inputs | ||||||||||||||||
Assets | |||||||||||||||||
2013 | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Available for sale securities | |||||||||||||||||
U.S. 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 | — | |||||||||||||
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 three months ended June 30, 2014 and 2013: | |||||||||||||||||
Interest Rate Caps | |||||||||||||||||
Six Months Ended | Six Months Ended | ||||||||||||||||
June 30, 2014 | June 30, 2013 | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Balance of recurring Level 3 assets at beginning of period | $ | 546 | $ | 436 | |||||||||||||
Total gains (losses) for the period | |||||||||||||||||
Included in other income | (73 | ) | 700 | ||||||||||||||
Included in other comprehensive income | — | — | |||||||||||||||
Purchases | — | — | |||||||||||||||
Amortization | (259 | ) | (259 | ) | |||||||||||||
Sales | — | — | |||||||||||||||
Balance of recurring Level 3 assets at end of period | $ | 214 | $ | 877 | |||||||||||||
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 June 30, 2014: | |||||||||||||||||
Fair Value | Valuation Technique(s) | Unobservable Input(s) | Range (Average) | ||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Permanent real estate loans | $ | 1,062 | Sales comparison approach | Adjustment for differences between comparable sales | 0.00%-56.90% | ||||||||||||
Adjustment for differences in net operating income | -11.78% | ||||||||||||||||
Income approach | Capitalization rate | 3.95%-14.62% | |||||||||||||||
-9.41% | |||||||||||||||||
Construction loans | 1,997 | Sales comparison approach | Adjustment for differences between comparable sales | 0.00%-25.00% | |||||||||||||
-11.90% | |||||||||||||||||
Consumer loans | 163 | Sales comparison approach | Adjustment for differences between comparable sales | 0.00%-25.00% | |||||||||||||
-11.90% | |||||||||||||||||
Other real estate owned, net: | |||||||||||||||||
Permanent real estate loans | 1,366 | Sales comparison approach | Adjustment for differences between comparable sales | 6.00%-46.53% | |||||||||||||
-17.76% | |||||||||||||||||
Construction loans | 1,848 | Sales comparison approach | Adjustment for differences between comparable sales | 6.54%-26.63% | |||||||||||||
-9.24% | |||||||||||||||||
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 Value | Valuation Technique(s) | Unobservable Input(s) | Range (Average) | ||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Permanent real estate loans | $ | 2,219 | Sales comparison approach | Adjustment for differences between comparable sales | 0.00%-56.90% | ||||||||||||
Adjustment for differences in net operating income | -11.78% | ||||||||||||||||
Income approach | Capitalization rate | 3.95%-14.62% | |||||||||||||||
-9.41% | |||||||||||||||||
Construction loans | 1,587 | Sales comparison approach | Adjustment for differences between comparable sales | 0.00%-25.00% | |||||||||||||
-11.90% | |||||||||||||||||
Consumer loans | 339 | Sales comparison approach | Adjustment for differences between comparable sales | 0.00%-10.00% | |||||||||||||
-5.00% | |||||||||||||||||
Other real estate owned, net: | |||||||||||||||||
Permanent real estate loans | 1,939 | Sales comparison approach | Adjustment for differences between comparable sales | 6.00%-46.53% | |||||||||||||
-17.76% | |||||||||||||||||
Construction loans | 2,310 | Sales comparison approach | Adjustment for differences between comparable sales | 6.54%-26.63% | |||||||||||||
-9.24% | |||||||||||||||||
Assets and Liabilities Measured on Non-recurring Basis | ' | ||||||||||||||||
Assets and Liabilities Measured on a Non-Recurring Basis: Assets and liabilities measured at fair value on a non-recurring basis are summarized below: | |||||||||||||||||
Fair Value Measurements at June 30, 2014 Using: | |||||||||||||||||
June 30, | Quoted | Significant | Significant | ||||||||||||||
2014 | Prices in | Other | Unobservable | ||||||||||||||
Active | Observable | Inputs | |||||||||||||||
Markets for | Inputs | (Level 3) | |||||||||||||||
Identical | (Level 2) | ||||||||||||||||
Assets | |||||||||||||||||
(Level 1) | |||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Permanent real estate loans | $ | 1,062 | $ | — | $ | — | $ | 1,062 | |||||||||
Construction loans | 1,997 | — | — | 1,997 | |||||||||||||
Consumer loans | 163 | — | — | 163 | |||||||||||||
Other real estate owned, net: | |||||||||||||||||
Permanent real estate | 1,366 | — | — | 1,366 | |||||||||||||
Construction | 1,848 | — | — | 1,848 | |||||||||||||
Fair Value Measurements at December 31, 2013 Using: | |||||||||||||||||
December 31, | Quoted | Significant | Significant | ||||||||||||||
2013 | Prices in | Other | Unobservable | ||||||||||||||
Active | Observable | Inputs | |||||||||||||||
Markets for | Inputs | (Level 3) | |||||||||||||||
Identical | (Level 2) | ||||||||||||||||
Assets | |||||||||||||||||
(Level 1) | |||||||||||||||||
(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 | |||||||||||||
Carrying Value and Estimated Fair Values of Financial Instruments | ' | ||||||||||||||||
In accordance with U.S. GAAP, the carrying value and estimated fair values of financial instruments at June 30, 2014 and December 31, 2013, were as follows: | |||||||||||||||||
Fair Value Measurements at June 30, 2014 Using: | |||||||||||||||||
June 30, | |||||||||||||||||
2014 | |||||||||||||||||
Carrying Value | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 43,590 | $ | 43,590 | $ | — | $ | — | |||||||||
Available for sale securities | 516,637 | 452 | 516,185 | — | |||||||||||||
Loans held for sale | 9,290 | — | 9,507 | — | |||||||||||||
Loans, net | 1,086,771 | — | — | 1,096,670 | |||||||||||||
FHLB stock | 18,068 | n/a | n/a | n/a | |||||||||||||
Accrued interest receivable | 5,762 | — | 2,513 | 3,249 | |||||||||||||
Interest rate caps | 214 | — | — | 214 | |||||||||||||
Purchased certificate of deposit option | 489 | — | 489 | — | |||||||||||||
Liabilities: | |||||||||||||||||
Deposits: | |||||||||||||||||
Checking, savings and money market accounts | (923,552 | ) | (923,552 | ) | — | — | |||||||||||
Certificates of deposit | (451,922 | ) | — | (457,181 | ) | — | |||||||||||
FHLB advances | (65,000 | ) | — | (69,647 | ) | — | |||||||||||
Repurchase agreements and other | (90,567 | ) | — | (96,904 | ) | — | |||||||||||
Advance payments by borrowers for taxes and insurance | (12,708 | ) | — | (12,708 | ) | — | |||||||||||
Accrued interest payable | (573 | ) | — | (573 | ) | — | |||||||||||
Written certificate of deposit option | (489 | ) | — | (489 | ) | — | |||||||||||
December 31, | |||||||||||||||||
2013 | Fair Value Measurements at December 31, 2013 Using: | ||||||||||||||||
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 | ) | — | |||||||||||
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 June 30, 2014: | |||||||||||||||||
Fair Value | Valuation | Unobservable | Range | ||||||||||||||
Technique(s) | Input(s) | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Interest rate caps | $ | 214 | Discounted | Discount rate | 0.4 | %-1.18% | |||||||||||
cash flow | |||||||||||||||||
The following table presents quantitative information about recurring Level 3 fair value measurements at December 31, 2013: | |||||||||||||||||
Fair Value | Valuation | Unobservable | Range | ||||||||||||||
Technique(s) | Input(s) | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Interest rate caps | $ | 546 | Discounted | Discount rate | 0.35 | %-1.18% | |||||||||||
cash flow |
STATEMENT_OF_CASH_FLOWS_SUPPLE1
STATEMENT OF CASH FLOWS SUPPLEMENTAL DISCLOSURE (Tables) | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Supplemental Cash Flow Elements [Abstract] | ' | ||||||||
Supplemental Disclosures of Cash Flow Information | ' | ||||||||
Supplemental disclosures of cash flow information are summarized below. | |||||||||
Six Months Ended | Six Months Ended | ||||||||
June 30, | June 30, | ||||||||
2014 | 2013 | ||||||||
(Dollars in thousands) | |||||||||
Supplemental disclosures of cash flow information | |||||||||
Cash paid (received) during the period for: | |||||||||
Interest on deposits and borrowings | $ | 6,150 | $ | 6,836 | |||||
Income taxes | — | 150 | |||||||
Supplemental schedule of noncash activities: | |||||||||
Transfers from loans to real estate owned and other repossessed assets | 853 | 1,053 | |||||||
Amortization of preferred stock discount | — | 6,751 | |||||||
Conversion of preferred stock to common stock | — | 21,841 | |||||||
EARNINGS_PER_SHARE_Tables
EARNINGS PER SHARE (Tables) | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Computation of Earnings Per Share | ' | ||||||||
Three months ended | Three months ended | ||||||||
June 30, | June 30, | ||||||||
2014 | 2013 | ||||||||
(Dollars in thousands, except per share data) | |||||||||
Net income per consolidated statements of income | $ | 42,404 | $ | 3,389 | |||||
Net income allocated to participating securities | (235 | ) | (9 | ) | |||||
Amortization of discount on preferred stock | — | (5,930 | ) | ||||||
Net income allocated to common stock | $ | 42,169 | $ | (2,550 | ) | ||||
Basic earnings per common share computation: | |||||||||
Distributed earnings allocated to common stock | $ | — | $ | — | |||||
Undistributed earnings allocated to common stock | 42,169 | (2,550 | ) | ||||||
Net income allocated to common stock | $ | 42,169 | $ | (2,550 | ) | ||||
Weighted average common shares outstanding, including shares considered participating securities | 50,554 | 43,276 | |||||||
Less: Average participating securities | (280 | ) | (116 | ) | |||||
Weighted average shares | 50,274 | 13,160 | |||||||
Basic earnings per common share | $ | 0.84 | $ | (0.06 | ) | ||||
Diluted earnings per common share computation: | |||||||||
Net income allocated to common stock | $ | 42,169 | $ | (2,550 | ) | ||||
Weighted average common shares outstanding for basic earnings per common share | 50,274 | 43,160 | |||||||
Add: Dilutive effects of assumed exercises of stock options | 222 | — | |||||||
Weighted average shares and dilutive potential common shares | 50,496 | 43,160 | |||||||
Diluted earnings per common share | $ | 0.84 | $ | (0.06 | ) | ||||
Six months ended | Six months ended | ||||||||
June 30, | June 30, | ||||||||
2014 | 2013 | ||||||||
(Dollars in thousands, except per share data) | |||||||||
Net income per consolidated statements of income | $ | 44,498 | $ | 6,071 | |||||
Net income allocated to participating securities | (232 | ) | (19 | ) | |||||
Amortization of discount on preferred stock | — | (6,751 | ) | ||||||
Net income allocated to common stock | $ | 44,266 | $ | (699 | ) | ||||
Basic earnings per common share computation: | |||||||||
Distributed earnings allocated to common stock | $ | — | $ | — | |||||
Undistributed earnings allocated to common stock | 44,266 | (699 | ) | ||||||
Net income allocated to common stock | $ | 44,266 | $ | (699 | ) | ||||
Weighted average common shares outstanding, including shares considered participating securities | 50,481 | 38,509 | |||||||
Less: Average participating securities | (263 | ) | (121 | ) | |||||
Weighted average shares | 50,218 | 38,388 | |||||||
Basic earnings per common share | $ | 0.88 | $ | (0.02 | ) | ||||
Diluted earnings per common share computation: | |||||||||
Net income allocated to common stock | $ | 44,266 | $ | (699 | ) | ||||
Weighted average common shares outstanding for basic earnings per common share | 50,218 | 38,388 | |||||||
Add: Dilutive effects of assumed exercises of stock options | 221 | — | |||||||
Weighted average shares and dilutive potential common shares | 50,439 | 38,388 | |||||||
Diluted earnings per common share | $ | 0.88 | $ | (0.02 | ) | ||||
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: | |||||||||
Total common shares that may be issued upon conversion of preferred shares | 7,942,000 | ||||||||
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 | $ | 6,750,700 | |||||||
OTHER_COMPREHENSIVE_INCOME_LOS1
OTHER COMPREHENSIVE INCOME (LOSS) (Tables) | 6 Months Ended | ||||||||||||
Jun. 30, 2014 | |||||||||||||
Equity [Abstract] | ' | ||||||||||||
Other Comprehensive Income (Loss) Components and Related Tax Effects | ' | ||||||||||||
Other comprehensive income (loss) components and related tax effects for the three and six month periods are as follows: | |||||||||||||
Three months ended June 30, | |||||||||||||
2014 | 2013 | ||||||||||||
(Dollars in thousands) | |||||||||||||
Unrealized holding gain (loss) on securities available for sale | $ | 11,716 | $ | (31,065 | ) | ||||||||
Unrealized holding gain (loss) on postretirement benefits | — | — | |||||||||||
Reclassification adjustment for (gains) losses realized in income | (31 | ) | (1,857 | ) | |||||||||
Net unrealized gains | 11,685 | (32,922 | ) | ||||||||||
Tax effect, including tax effect attributable to reversal of prior quarter’s deferred tax valuation allowance | (8,489 | ) | — | ||||||||||
Net of tax amount | $ | 3,196 | $ | (32,922 | ) | ||||||||
Six months ended June 30, | |||||||||||||
2014 | 2013 | ||||||||||||
(Dollars in thousands) | |||||||||||||
Unrealized holding gain (loss) on securities available for sale | $ | 24,287 | $ | (33,307 | ) | ||||||||
Unrealized holding gain (loss) on postretirement benefits | — | — | |||||||||||
Reclassification adjustment for (gains) losses realized in income | (34 | ) | (2,578 | ) | |||||||||
Net unrealized gains | 24,253 | (35,885 | ) | ||||||||||
Tax effect | (8,489 | ) | — | ||||||||||
Net of tax amount | $ | 15,764 | $ | (35,885 | ) | ||||||||
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 | June 30, | |||||||||||
2013 | Change | 2014 | |||||||||||
Unrealized gains (losses) on securities available for sale | $ | (43,364 | ) | $ | 15,764 | $ | (27,600 | ) | |||||
Unrealized gains (losses) on post-retirement benefits | 1,699 | — | 1,699 | ||||||||||
Total | $ | (41,665 | ) | $ | 15,764 | $ | (25,901 | ) | |||||
Balance at | Current | Balance at | |||||||||||
December 31, | Period | June 30, | |||||||||||
2012 | Change | 2013 | |||||||||||
Unrealized gains (losses) on securities available for sale | $ | 5,082 | $ | (35,885 | ) | $ | (30,803 | ) | |||||
Unrealized gains (losses) on post-retirement benefits | 1,600 | — | 1,600 | ||||||||||
Total | $ | 6,682 | $ | (35,885 | ) | $ | (29,203 | ) | |||||
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 three and six months ended June 30, 2014, net of tax: | |||||||||||||
Unrealized | Postretirement | Total | |||||||||||
gains/losses on | Benefits | ||||||||||||
Available for Sale | |||||||||||||
Securities | |||||||||||||
(Dollars in thousands) | |||||||||||||
Beginning balance (03/31/2014) | $ | (30,796 | ) | $ | 1,699 | $ | (29,097 | ) | |||||
Other comprehensive income before reclassification, net of tax | 3,216 | — | 3,216 | ||||||||||
Amounts reclassified from accumulated other compressive income, net of tax | (20 | ) | — | (20 | ) | ||||||||
Net current period other comprehensive income, net of tax | 3,196 | — | 3,196 | ||||||||||
Ending balance (06/30/2014) | $ | (27,600 | ) | $ | 1,699 | $ | (25,901 | ) | |||||
Unrealized | Postretirement | Total | |||||||||||
gains/losses on | Benefits | ||||||||||||
Available for Sale | |||||||||||||
Securities | |||||||||||||
(Dollars in thousands) | |||||||||||||
Beginning balance (12/31/2013) | $ | (43,364 | ) | $ | 1,699 | $ | (41,665 | ) | |||||
Other comprehensive income before reclassification, net of tax | 15,786 | — | 15,786 | ||||||||||
Amounts reclassified from accumulated other compressive income, net of tax | (22 | ) | — | (22 | ) | ||||||||
Net current period other comprehensive income, net of tax | 15,764 | — | 15,764 | ||||||||||
Ending balance (06/30/2014) | $ | (27,600 | ) | $ | 1,699 | $ | (25,901 | ) | |||||
The following is a summary of each component of accumulated other comprehensive income (loss) that was reclassified into net income during the three and six months ended June 30, 2013: | |||||||||||||
Unrealized | Postretirement | Total | |||||||||||
gains/losses on | Benefits | ||||||||||||
Available for Sale | |||||||||||||
Securities | |||||||||||||
(Dollars in thousands) | |||||||||||||
Beginning balance (03/31/2013) | $ | 2,119 | $ | 1,600 | $ | 3,719 | |||||||
Other comprehensive income before reclassification | (31,065 | ) | — | (31,065 | ) | ||||||||
Amounts reclassified from accumulated other compressive income | (1,857 | ) | — | (1,857 | ) | ||||||||
Net current period other comprehensive income | (32,922 | ) | — | (32,922 | ) | ||||||||
Ending balance (06/30/2013) | $ | (30,803 | ) | $ | 1,600 | $ | (29,203 | ) | |||||
Unrealized | Postretirement | Total | |||||||||||
gains/losses on | Benefits | ||||||||||||
Available for Sale | |||||||||||||
Securities | |||||||||||||
(Dollars in thousands) | |||||||||||||
Beginning balance (12/31/2013) | $ | 5,082 | $ | 1,600 | $ | 6,682 | |||||||
Other comprehensive income before reclassification | (33,307 | ) | — | (33,307 | ) | ||||||||
Amounts reclassified from accumulated other compressive income | (2,578 | ) | — | (2,578 | ) | ||||||||
Net current period other comprehensive income | (35,885 | ) | — | (35,885 | ) | ||||||||
Ending balance (06/30/2013) | $ | (30,803 | ) | $ | 1,600 | $ | (29,203 | ) | |||||
Summary of Reclassification Out of Each Component of Accumulated Comprehensive Income (Loss) | ' | ||||||||||||
The following are significant amounts reclassified out of each component of accumulated comprehensive income (loss) for the three months ended June 30, 2014: | |||||||||||||
Details About Accumulated Other Comprehensive | Amount Reclassified | Affected Line Item on | |||||||||||
Income Components | From Accumulated | the Statement Where | |||||||||||
Other Comprehensive | Net Income is Presented | ||||||||||||
Income | |||||||||||||
(Dollars in thousands) | |||||||||||||
Realized net gains on the sale of available for sale securities | $ | (31 | ) | Net gains on securities available for sale | |||||||||
11 | Tax expense (benefit) | ||||||||||||
(20 | ) | Net of tax | |||||||||||
Total reclassification during the period | $ | (20 | ) | ||||||||||
The following is significant amounts reclassified out of each component of accumulated comprehensive income (loss) for the three months ended June 30, 2013: | |||||||||||||
Details About Accumulated Other Comprehensive | Amount Reclassified | Affected Line Item on | |||||||||||
Income Components | From Accumulated | the Statement Where | |||||||||||
Other Comprehensive | Net Income is Presented | ||||||||||||
Income | |||||||||||||
(Dollars in thousands) | |||||||||||||
Realized net gains on the sale of available for sale securities | $ | (1,857 | ) | Net gains on securities available for sale | |||||||||
— | Tax expense (benefit) | ||||||||||||
(1,857 | ) | Net of tax | |||||||||||
Total reclassification during the period | $ | (1,857 | ) | ||||||||||
The following is significant amounts reclassified out of each component of accumulated comprehensive income (loss) for the six months ended June 30, 2014: | |||||||||||||
Details About Accumulated Other Comprehensive | Amount Reclassified | Affected Line Item on | |||||||||||
Income Components | From Accumulated | the Statement Where | |||||||||||
Other Comprehensive | Net Income is Presented | ||||||||||||
Income | |||||||||||||
(Dollars in thousands) | |||||||||||||
Realized net gains on the sale of available for sale securities | $ | (34 | ) | Net gains on securities available for sale | |||||||||
12 | Tax expense (benefit) | ||||||||||||
(22 | ) | Net of tax | |||||||||||
Total reclassification during the period | $ | (22 | ) | ||||||||||
The following is significant amounts reclassified out of each component of accumulated comprehensive income (loss) for the six months ended June 30, 2013: | |||||||||||||
Details About Accumulated Other Comprehensive | Amount Reclassified | Affected Line Item on | |||||||||||
Income Components | From Accumulated | the Statement Where | |||||||||||
Other Comprehensive | Net Income is Presented | ||||||||||||
Income | |||||||||||||
(Dollars in thousands) | |||||||||||||
Realized net gains on the sale of available for sale securities | $ | (2,578 | ) | Net gains on securities available for sale | |||||||||
— | Tax expense (benefit) | ||||||||||||
(2,578 | ) | Net of tax | |||||||||||
Total reclassification during the period | $ | (2,578 | ) | ||||||||||
REGULATORY_CAPITAL_REQUIREMENT1
REGULATORY CAPITAL REQUIREMENTS (Tables) | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||
Actual and Statutory Required Capital Amounts and Ratios | ' | ||||||||||||||||||||||||
Actual and regulatory required capital ratios for Home Savings, along with the dollar amount of capital implied by such ratios, are presented below. | |||||||||||||||||||||||||
As of June 30, 2014 | |||||||||||||||||||||||||
Actual | Minimum Capital | To Be Well Capitalized | |||||||||||||||||||||||
Requirements Per | Under Prompt | ||||||||||||||||||||||||
Regulation | Corrective Action | ||||||||||||||||||||||||
Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Total risk-based capital to risk-weighted assets | $ | 223,734 | 21.26 | % | $ | 84,201 | 8 | % | $ | 105,251 | 10 | % | |||||||||||||
Tier 1 capital to risk-weighted assets | 210,515 | 20 | % | * | * | 63,151 | 6 | % | |||||||||||||||||
Tier 1 capital to average total assets** | 210,515 | 12.05 | % | 69,872 | 4 | % | 87,340 | 5 | % | ||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||
Actual | Minimum Capital | To Be Well Capitalized | |||||||||||||||||||||||
Requirements Per | Under Prompt | ||||||||||||||||||||||||
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 |
INCOME_TAXES_Tables
INCOME TAXES (Tables) | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Significant Components of Deferred Tax Assets and Liabilities | ' | ||||||||
Significant components of the deferred tax assets and liabilities are as follows: | |||||||||
June 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
(Dollars in thousands) | |||||||||
Deferred tax assets: | |||||||||
Loan loss reserves | $ | 6,393 | $ | 7,391 | |||||
Postretirement benefits | 1,113 | 1,162 | |||||||
Other real estate owned valuation | 1,247 | 1,421 | |||||||
Tax credits carryforward | 529 | 339 | |||||||
Securities impairment charges | 150 | 153 | |||||||
Unrealized loss on securities available for sale | 5,649 | 14,138 | |||||||
Interest on nonaccrual loans | 910 | 758 | |||||||
Net operating loss carryforward | 23,558 | 26,708 | |||||||
Purchase accounting adjustment | 76 | 70 | |||||||
Accrued bonuses | 149 | 456 | |||||||
Other | 686 | 295 | |||||||
Less: Valuation allowance | (2,481 | ) | (42,802 | ) | |||||
Deferred tax assets | 37,979 | 10,089 | |||||||
Deferred tax liabilities: | |||||||||
Deferred loan fees | 378 | 405 | |||||||
Federal Home Loan Bank stock dividends | 4,585 | 6,715 | |||||||
Mortgage servicing rights | 1,978 | 2,079 | |||||||
Postretirement benefits accrual | 640 | 640 | |||||||
Prepaid expenses | 206 | 250 | |||||||
Deferred tax liabilities | 7,787 | 10,089 | |||||||
Net deferred tax asset | $ | 30,192 | $ | — | |||||
Basis_of_Presentation_Addition
Basis of Presentation - Additional Information (Detail) | Jun. 30, 2014 |
Office | |
Branch | |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | ' |
Number of full-service branches | 33 |
Number of loan production offices | 9 |
Stock_Compensation_Additional_
Stock Compensation - Additional Information (Detail) (USD $) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
Compensation Related Costs Share Based Payments Disclosure [Line Items] | ' | ' | ' | ' | ' |
Options granted in 2009 exercisable period | ' | ' | '3 years | ' | ' |
Weighted average period to cost recognized | ' | ' | '2 years | ' | ' |
Weighted average remaining life for outstanding stock | ' | ' | '5 years 8 months 5 days | ' | ' |
Exercise price range, lower range limit | ' | ' | $1.20 | ' | ' |
Exercise price range, upper range limit | ' | ' | $5.89 | ' | ' |
2007 Long-Term Incentive Plan [Member] | ' | ' | ' | ' | ' |
Compensation Related Costs Share Based Payments Disclosure [Line Items] | ' | ' | ' | ' | ' |
Authorized shares of stock, option plan, maximum | 2,000,000 | ' | 2,000,000 | ' | ' |
Shares Granted | ' | ' | 3,623 | 17,787 | ' |
Maximum term for option exercisable | ' | ' | '10 years | ' | ' |
Unrecognized cost of nonvested stock options granted | $27,000 | ' | $27,000 | ' | ' |
1999 Long-Term Incentive Plan [Member] | ' | ' | ' | ' | ' |
Compensation Related Costs Share Based Payments Disclosure [Line Items] | ' | ' | ' | ' | ' |
Authorized shares of stock, option plan, maximum | 3,569,766 | ' | 3,569,766 | ' | ' |
Option expiry term (Years) | ' | ' | '10 years | ' | ' |
Stock Option [Member] | ' | ' | ' | ' | ' |
Compensation Related Costs Share Based Payments Disclosure [Line Items] | ' | ' | ' | ' | ' |
Recognition of stock option expense | 6,193 | 5,720 | 12,551 | 9,469 | ' |
Unrecognized cost of nonvested stock options granted | 10,989 | ' | 10,989 | ' | ' |
Expected additional expense for 2015 | 15,786 | ' | 15,786 | ' | ' |
Expected additional expense for 2016 | 468 | ' | 468 | ' | ' |
Restricted Stock [Member] | ' | ' | ' | ' | ' |
Compensation Related Costs Share Based Payments Disclosure [Line Items] | ' | ' | ' | ' | ' |
Recognition of stock option expense | 58,000 | 88,000 | 236,000 | 179,000 | ' |
Unrecognized cost of nonvested stock options granted | 222,000 | ' | 222,000 | ' | ' |
Expected additional expense for 2015 | 363,000 | ' | 363,000 | ' | ' |
Expected additional expense for 2016 | 295,000 | ' | 295,000 | ' | ' |
Non Vested shares issued during 2014 | 332,370 | ' | 332,370 | ' | 192,937 |
Vested shares during 2014 | ' | ' | 117,435 | ' | ' |
Vested shares during 2015 | ' | ' | 94,609 | ' | ' |
Vested shares during 2016 | 60,163 | ' | 60,163 | ' | ' |
Vested shares during 2017 | 60,163 | ' | 60,163 | ' | ' |
Vested shares during 2017 | ' | ' | $79,000 | ' | ' |
Stock_Compensation_Summary_of_
Stock Compensation - Summary of Activity in Plans (Detail) (USD $) | 6 Months Ended |
In Thousands, except Share data, unless otherwise specified | Jun. 30, 2014 |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' |
Shares, Outstanding at beginning of year | 948,690 |
Shares, Granted | 3,623 |
Shares, Exercised | -80,000 |
Shares, Forfeited and expired | -284,864 |
Shares, Outstanding at end of period | 587,449 |
Shares, Options exercisable at end of period | 566,528 |
Weighted average exercise price, Outstanding at beginning of year | $5.44 |
Weighted average exercise price, Granted | $3.77 |
Weighted average exercise price, Exercised | $2.02 |
Weighted average exercise price, Forfeited and expired | $12.38 |
Weighted average exercise price, Outstanding at end of period | $2.53 |
Weighted average exercise price, Options exercisable at the end of period | $2.49 |
Aggregate intrinsic value, Outstanding at beginning of year | ' |
Aggregate intrinsic value, Granted | ' |
Aggregate intrinsic value, Exercised | ' |
Aggregate intrinsic value, Forfeited and expired | ' |
Aggregate intrinsic value, Outstanding at end of period | 1,075 |
Aggregate intrinsic value, Options exercisable at the end of period | $1,064 |
Stock_Compensation_Information
Stock Compensation - Information Related to Stock Option Plans (Detail) (USD $) | 6 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ' |
Intrinsic value of options exercised | $135,800 | ' |
Cash received from option exercises | 162,000 | 137,000 |
Tax benefit realized from option exercises | $10,267 | ' |
Weighted average fair value of options granted, per share | $1.70 | ' |
Stock_Compensation_WeightedAve
Stock Compensation - Weighted-Average Assumptions for Determining Fair Value of Options Granted (Detail) | 0 Months Ended |
Apr. 03, 2014 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' |
Risk-free interest rate | 1.76% |
Expected term (years) | '5 years |
Expected stock volatility | 64.98% |
Dividend yield | ' |
Stock_Compensation_Summary_of_1
Stock Compensation - Summary of Changes in Company's Nonvested Restricted Shares (Detail) (Restricted Stock [Member], USD $) | 6 Months Ended |
Jun. 30, 2014 | |
Restricted Stock [Member] | ' |
Compensation Related Costs Share Based Payments Disclosure [Line Items] | ' |
Shares, Nonvested shares, Beginning balance | 192,937 |
Shares, Granted | 241,969 |
Shares, Vested | -50,061 |
Shares, Forfeited | -52,475 |
Shares, Nonvested shares, Ending balance | 332,370 |
Weighted average grant date fair value, Nonvested shares, Beginning balance | $3.49 |
Weighted average grant date fair value, Granted | $3.85 |
Weighted average grant date fair value, Vested | $3.54 |
Weighted average grant date fair value, Forfeited | $3.55 |
Weighted average grant date fair value, Nonvested shares, Ending balance | $3.74 |
Securities_Components_of_Avail
Securities - Components of Available for Sale Portfolio (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total amortized cost | $532,777 | $551,399 |
Available-for-sale securities, Gross unrealized gains | 537 | 375 |
Available-for-sale securities, Gross unrealized losses | -16,677 | -40,768 |
Total fair value | 516,637 | 511,006 |
U.S. Treasury and Government Sponsored Entities' Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total amortized cost | 242,314 | 247,863 |
Available-for-sale securities, Gross unrealized losses | -10,717 | -25,570 |
Total fair value | 231,597 | 222,293 |
Equity Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total amortized cost | 100 | 101 |
Available-for-sale securities, Gross unrealized gains | 352 | 344 |
Total fair value | 452 | 445 |
Mortgage-Backed GSE Securities: Residential [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Total amortized cost | 290,363 | 303,435 |
Available-for-sale securities, Gross unrealized gains | 185 | 31 |
Available-for-sale securities, Gross unrealized losses | -5,960 | -15,198 |
Total fair value | $284,588 | $288,268 |
Securities_Debt_Securities_Ava
Securities - Debt Securities Available for Sale by Contractual Maturity (Detail) (USD $) | Jun. 30, 2014 |
In Thousands, unless otherwise specified | |
Amortized Cost And Fair Value Debt Securities [Abstract] | ' |
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 | 183,967 |
Due after ten years through fifteen years, amortized cost | 57,847 |
Mortgage-backed GSE securities: residential, amortized cost | 290,363 |
Total amortized cost | 532,677 |
Due in one year or less, | 500 |
Due after one year through five years, fair value | ' |
Due after five years through ten years, fair value | 176,757 |
Due after ten years through fifteen years, fair value | 54,340 |
Mortgage-backed GSE securities: residential, fair value | 284,588 |
Total fair value | $516,185 |
Securities_Additional_Informat
Securities - Additional Information (Detail) (USD $) | 3 Months Ended | 6 Months Ended | 6 Months Ended | 8 Months Ended | |||||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | 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] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Securities pledged for Company's participation in the VISA payment processing program | ' | ' | ' | ' | $0 | $0 | ' | ' | ' | ' | ' |
Securities pledged for investment in Ohio Linked Deposit Program | ' | ' | ' | ' | ' | ' | 400,000 | 382,000 | ' | ' | ' |
Term of treasury security | ' | ' | '6 years 2 months 12 days | ' | ' | ' | ' | ' | '10 years | ' | ' |
Treasury security yield | ' | ' | 2.53% | ' | ' | ' | ' | ' | ' | 1.70% | 3.04% |
Securities available for sale | 5,000,000 | 69,200,000 | 5,042,000 | 97,127,000 | ' | ' | ' | ' | ' | ' | ' |
Gross gains on sales of securities available for sale | $31,000 | $1,900,000 | $34,000 | $2,600,000 | ' | ' | ' | ' | ' | ' | ' |
Securities_Securities_Availabl
Securities - Securities Available for Sale in Unrealized Loss Position (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value, Less Than 12 Months | $4,023 | $433,947 |
Unrealized Loss, Less Than 12 Months | -7 | -32,040 |
Fair Value, 12 Months or More | 471,996 | 75,365 |
Unrealized Loss, 12 Months or More | -16,670 | -8,728 |
Total Fair Value | 476,019 | 509,312 |
Total, Unrealized Loss | -16,677 | -40,768 |
U.S. Treasury and Government Sponsored Entities' Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value, Less Than 12 Months | ' | 193,746 |
Unrealized Loss, Less Than 12 Months | ' | -21,360 |
Fair Value, 12 Months or More | 231,097 | 28,046 |
Unrealized Loss, 12 Months or More | -10,717 | -4,210 |
Total Fair Value | 231,097 | 221,792 |
Total, Unrealized Loss | -10,717 | -25,570 |
Mortgage-Backed GSE Securities: Residential [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Fair Value, Less Than 12 Months | 4,023 | 240,201 |
Unrealized Loss, Less Than 12 Months | -7 | -10,680 |
Fair Value, 12 Months or More | 240,899 | 47,319 |
Unrealized Loss, 12 Months or More | -5,953 | -4,518 |
Total Fair Value | 244,922 | 287,520 |
Total, Unrealized Loss | ($5,960) | ($15,198) |
Loans_Schedule_of_Portfolio_of
Loans - Schedule of Portfolio of Loans (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total real estate | $882,834 | $833,793 | ' |
Total consumer | 182,027 | 189,231 | ' |
Total commercial | 39,127 | 26,141 | ' |
Ending balance | 1,103,988 | 1,049,165 | 1,049,165 |
Allowance for loan losses | 18,264 | 21,116 | ' |
Deferred loan costs, net | -1,047 | -1,143 | ' |
Total | 17,217 | 19,973 | ' |
Loans, net | 1,086,771 | 1,029,192 | ' |
Secured [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total commercial | 39,001 | 25,714 | ' |
Unsecured [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total commercial | 126 | 427 | ' |
Auto [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total consumer | 4,869 | 5,669 | ' |
Home Equity [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total consumer | 155,083 | 159,795 | ' |
Land [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total real estate | 9,635 | 9,683 | ' |
One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total real estate | 645,211 | 585,025 | ' |
Multi-Family Residential [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total real estate | 52,938 | 54,485 | ' |
Nonresidential [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total real estate | 122,066 | 131,251 | ' |
One-to Four-Family Residential and Land Development [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total real estate | 51,974 | 53,349 | ' |
Multi-Family and Nonresidential [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total real estate | 1,010 | ' | ' |
Marine [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total consumer | 4,088 | 4,308 | ' |
Recreational Vehicles [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total consumer | 15,983 | 17,347 | ' |
Other [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total consumer | $2,004 | $2,112 | ' |
Loans_Investment_in_Loans_by_P
Loans - Investment in Loans by Portfolio Segment and Based on Impairment (Detail) (USD $) | 3 Months Ended | 6 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Allowance, Beginning balance | $20,554 | $21,827 | $21,116 | $21,130 | ' |
Provision (recovery) | -1,614 | 1,113 | -1,581 | 3,177 | ' |
Chargeoffs | -1,192 | -4,590 | -2,356 | -6,750 | ' |
Recoveries | 516 | 687 | 1,085 | 1,480 | ' |
Allowance, Ending balance | 18,264 | 19,037 | 18,264 | 19,037 | ' |
Loans individually evaluated for impairment | 3,625 | 3,325 | 3,625 | 3,325 | 3,325 |
Loans collectively evaluated for impairment | 14,639 | 17,791 | 14,639 | 17,791 | ' |
Allowance, Ending balance | 18,264 | 21,116 | 18,264 | 21,116 | ' |
Loans individually evaluated for impairment | 47,080 | 48,181 | 47,080 | 48,181 | 48,181 |
Loans collectively evaluated for impairment | 1,056,908 | 1,000,984 | 1,056,908 | 1,000,984 | ' |
Ending balance | 1,103,988 | 1,049,165 | 1,103,988 | 1,049,165 | 1,049,165 |
Commercial Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Allowance, Beginning balance | 1,006 | 1,223 | 739 | 1,448 | ' |
Provision (recovery) | -267 | -435 | -137 | -620 | ' |
Chargeoffs | ' | 0 | -45 | -128 | ' |
Recoveries | 218 | 115 | 400 | 203 | ' |
Allowance, Ending balance | 957 | 903 | 957 | 903 | ' |
Loans individually evaluated for impairment | 3 | ' | 3 | ' | ' |
Loans collectively evaluated for impairment | 954 | 739 | 954 | 739 | ' |
Allowance, Ending balance | 957 | 739 | 957 | 739 | ' |
Loans individually evaluated for impairment | 4,032 | 4,044 | 4,032 | 4,044 | ' |
Loans collectively evaluated for impairment | 35,095 | 22,097 | 35,095 | 22,097 | ' |
Ending balance | 39,127 | 26,141 | 39,127 | 26,141 | ' |
Permanent Real Estate Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Allowance, Beginning balance | 13,626 | 14,907 | 13,794 | 13,819 | ' |
Provision (recovery) | -1,013 | 749 | -761 | 2,778 | ' |
Chargeoffs | -415 | -3,937 | -1,027 | -5,143 | ' |
Recoveries | 155 | 410 | 347 | 675 | ' |
Allowance, Ending balance | 12,353 | 12,129 | 12,353 | 12,129 | ' |
Loans individually evaluated for impairment | 2,330 | 1,786 | 2,330 | 1,786 | 1,786 |
Loans collectively evaluated for impairment | 10,023 | 12,008 | 10,023 | 12,008 | ' |
Allowance, Ending balance | 12,353 | 13,794 | 12,353 | 13,794 | ' |
Loans individually evaluated for impairment | 27,007 | 27,224 | 27,007 | 27,224 | ' |
Loans collectively evaluated for impairment | 802,843 | 753,220 | 802,843 | 753,220 | ' |
Ending balance | 829,850 | 780,444 | 829,850 | 780,444 | 780,444 |
Construction Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Allowance, Beginning balance | 2,027 | 1,443 | 2,281 | 1,404 | ' |
Provision (recovery) | -533 | 464 | -708 | 446 | ' |
Chargeoffs | -330 | -139 | -430 | -365 | ' |
Recoveries | ' | 35 | 21 | 318 | ' |
Allowance, Ending balance | 1,164 | 1,803 | 1,164 | 1,803 | ' |
Loans individually evaluated for impairment | 202 | 680 | 202 | 680 | 680 |
Loans collectively evaluated for impairment | 962 | 1,601 | 962 | 1,601 | ' |
Allowance, Ending balance | 1,164 | 2,281 | 1,164 | 2,281 | ' |
Loans individually evaluated for impairment | 2,550 | 3,092 | 2,550 | 3,092 | ' |
Loans collectively evaluated for impairment | 50,434 | 50,257 | 50,434 | 50,257 | ' |
Ending balance | 52,984 | 53,349 | 52,984 | 53,349 | 53,349 |
Consumer Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Allowance, Beginning balance | 3,895 | 4,254 | 4,302 | 4,459 | ' |
Provision (recovery) | 199 | 335 | 25 | 573 | ' |
Chargeoffs | -447 | -514 | -854 | -1,114 | ' |
Recoveries | 143 | 127 | 317 | 284 | ' |
Allowance, Ending balance | 3,790 | 4,202 | 3,790 | 4,202 | ' |
Loans individually evaluated for impairment | 1,090 | 859 | 1,090 | 859 | 859 |
Loans collectively evaluated for impairment | 2,700 | 3,443 | 2,700 | 3,443 | ' |
Allowance, Ending balance | 3,790 | 4,302 | 3,790 | 4,302 | ' |
Loans individually evaluated for impairment | 13,491 | 13,821 | 13,491 | 13,821 | ' |
Loans collectively evaluated for impairment | 168,536 | 175,410 | 168,536 | 175,410 | ' |
Ending balance | $182,027 | $189,231 | $182,027 | $189,231 | $189,231 |
Loans_Presentation_of_Loans_In
Loans - Presentation of Loans Individually Evaluated for Impairment by Class (Detail) (USD $) | 3 Months Ended | 6 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | $29,796 | $66,441 | $29,796 | $66,441 | $41,393 |
With no specific allowance recorded, Recorded Investment | 17,331 | 42,301 | 17,331 | 42,301 | 28,965 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 16,322 | 262 | 23,701 | 43,058 | ' |
With no specific allowance recorded, Interest Income Recognized | 25 | 310 | 35 | 567 | ' |
With no specific allowance recorded, Cash Basis Income Recognized | 148 | ' | 295 | 696 | ' |
With a specific allowance recorded, Unpaid Principal Balance | 32,067 | 7,020 | 32,067 | 7,020 | 21,284 |
With a specific allowance recorded, Recorded Investment | 29,749 | 4,609 | 29,749 | 4,609 | 19,216 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 3,625 | 3,325 | 3,625 | 3,325 | 3,325 |
With a specific allowance recorded, Average Recorded Investment | 31,265 | 12,125 | 23,719 | 13,891 | ' |
With a specific allowance recorded, Interest Income Recognized | 277 | ' | 551 | 5 | ' |
With a specific allowance recorded, Cash Basis Income Recognized | 289 | 17 | 583 | 35 | ' |
Total Unpaid Principal Balance | 61,863 | 73,461 | 61,863 | 73,461 | 62,677 |
Total Recorded Investment | 47,080 | 48,181 | 47,080 | 48,181 | 48,181 |
Total Allowance for Loan Losses Allocated | 3,625 | 1,046 | 3,625 | 1,046 | 3,325 |
Total Average Recorded Investment | 47,587 | 53,768 | 47,420 | 56,949 | ' |
Total Interest Income, Accrual Method | 302 | 262 | 586 | 572 | ' |
Total Cash Basis Income Recognized | 437 | 327 | 878 | 731 | ' |
Permanent Real Estate Loans [Member] | ' | ' | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 17,018 | 30,737 | 17,018 | 30,737 | 24,347 |
With no specific allowance recorded, Recorded Investment | 10,322 | 23,944 | 10,322 | 23,944 | 17,674 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 9,626 | 150 | 13,939 | 29,243 | ' |
With no specific allowance recorded, Interest Income Recognized | 13 | 161 | 29 | 317 | ' |
With no specific allowance recorded, Cash Basis Income Recognized | 95 | ' | 168 | 354 | ' |
With a specific allowance recorded, Unpaid Principal Balance | 17,190 | 2,528 | 17,190 | 2,528 | 9,990 |
With a specific allowance recorded, Recorded Investment | 16,685 | 2,089 | 16,685 | 2,089 | 9,550 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 2,330 | 1,786 | 2,330 | 1,786 | 1,786 |
With a specific allowance recorded, Average Recorded Investment | 17,713 | 9,057 | 13,102 | 9,288 | ' |
With a specific allowance recorded, Interest Income Recognized | 146 | ' | 294 | 5 | ' |
With a specific allowance recorded, Cash Basis Income Recognized | 151 | 17 | 312 | 35 | ' |
Total Recorded Investment | 27,007 | 27,224 | 27,007 | 27,224 | ' |
Permanent Real Estate Loans [Member] | Land [Member] | ' | ' | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 3,958 | 3,913 | 3,958 | 3,913 | 3,913 |
With no specific allowance recorded, Recorded Investment | 532 | 487 | 532 | 487 | 487 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 487 | ' | 498 | 2,951 | ' |
With no specific allowance recorded, Interest Income Recognized | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Cash Basis Income Recognized | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Unpaid Principal Balance | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Recorded Investment | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Average Recorded Investment | 0 | 1,064 | 0 | 1,656 | ' |
With a specific allowance recorded, Interest Income Recognized | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | 0 | ' | 0 | ' | ' |
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 | 7,571 | 19,608 | 7,571 | 19,608 | 13,321 |
With no specific allowance recorded, Recorded Investment | 6,020 | 17,484 | 6,020 | 17,484 | 11,309 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 5,226 | 148 | 8,558 | 16,870 | ' |
With no specific allowance recorded, Interest Income Recognized | 13 | 155 | 29 | 305 | ' |
With no specific allowance recorded, Cash Basis Income Recognized | 84 | ' | 148 | 323 | ' |
With a specific allowance recorded, Unpaid Principal Balance | 15,252 | 17 | 15,252 | 17 | 8,897 |
With a specific allowance recorded, Recorded Investment | 15,252 | 10 | 15,252 | 10 | 8,897 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 2,246 | 1 | 2,246 | 1 | 1,675 |
With a specific allowance recorded, Average Recorded Investment | 15,742 | 373 | 11,761 | 370 | ' |
With a specific allowance recorded, Interest Income Recognized | 145 | ' | 292 | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | 148 | ' | 305 | ' | ' |
Permanent Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 185 | 755 | 185 | 755 | 662 |
With no specific allowance recorded, Recorded Investment | 86 | 660 | 86 | 660 | 567 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 88 | ' | 347 | 734 | ' |
With no specific allowance recorded, Interest Income Recognized | 0 | 1 | 0 | 2 | ' |
With no specific allowance recorded, Cash Basis Income Recognized | 1 | ' | 0 | 4 | ' |
With a specific allowance recorded, Unpaid Principal Balance | 73 | 185 | 73 | 185 | 185 |
With a specific allowance recorded, Recorded Investment | 48 | 85 | 48 | 85 | 85 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 6 | 25 | 6 | 25 | 25 |
With a specific allowance recorded, Average Recorded Investment | 567 | 575 | 326 | 785 | ' |
With a specific allowance recorded, Interest Income Recognized | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | 0 | ' | 0 | ' | ' |
Permanent Real Estate Loans [Member] | Nonresidential [Member] | ' | ' | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 5,304 | 6,461 | 5,304 | 6,461 | 6,451 |
With no specific allowance recorded, Recorded Investment | 3,684 | 5,313 | 3,684 | 5,313 | 5,311 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 3,802 | 2 | 4,536 | 8,688 | ' |
With no specific allowance recorded, Interest Income Recognized | 0 | 5 | 0 | 10 | ' |
With no specific allowance recorded, Cash Basis Income Recognized | 10 | ' | 20 | 27 | ' |
With a specific allowance recorded, Unpaid Principal Balance | 1,865 | 2,326 | 1,865 | 2,326 | 908 |
With a specific allowance recorded, Recorded Investment | 1,385 | 1,994 | 1,385 | 1,994 | 568 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 78 | 325 | 78 | 325 | 86 |
With a specific allowance recorded, Average Recorded Investment | 1,404 | 7,045 | 1,015 | 6,477 | ' |
With a specific allowance recorded, Interest Income Recognized | 1 | ' | 2 | 5 | ' |
With a specific allowance recorded, Cash Basis Income Recognized | 3 | 17 | 7 | 35 | ' |
Construction Loans [Member] | ' | ' | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 1,741 | 13,409 | 1,741 | 13,409 | 1,433 |
With no specific allowance recorded, Recorded Investment | 739 | 2,081 | 739 | 2,081 | 825 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 690 | ' | 824 | 2,435 | ' |
With no specific allowance recorded, Interest Income Recognized | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Cash Basis Income Recognized | 0 | ' | 0 | 2 | ' |
With a specific allowance recorded, Unpaid Principal Balance | 3,436 | 3,921 | 3,436 | 3,921 | 3,895 |
With a specific allowance recorded, Recorded Investment | 1,811 | 2,316 | 1,811 | 2,316 | 2,267 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 202 | 680 | 202 | 680 | 680 |
With a specific allowance recorded, Average Recorded Investment | 2,026 | 2,864 | 2,140 | 4,280 | ' |
With a specific allowance recorded, Interest Income Recognized | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | 0 | ' | 0 | ' | ' |
Total Recorded Investment | 2,550 | 3,092 | 2,550 | 3,092 | ' |
Construction Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 1,741 | 13,409 | 1,741 | 13,409 | 1,433 |
With no specific allowance recorded, Recorded Investment | 739 | 2,081 | 739 | 2,081 | 825 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 690 | ' | 824 | 2,435 | ' |
With no specific allowance recorded, Interest Income Recognized | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Cash Basis Income Recognized | 0 | ' | 0 | 2 | ' |
With a specific allowance recorded, Unpaid Principal Balance | 3,436 | 3,921 | 3,436 | 3,921 | 3,895 |
With a specific allowance recorded, Recorded Investment | 1,811 | 2,316 | 1,811 | 2,316 | 2,267 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 202 | 685 | 202 | 685 | 680 |
With a specific allowance recorded, Average Recorded Investment | 2,026 | 2,864 | 2,140 | 4,280 | ' |
With a specific allowance recorded, Interest Income Recognized | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | 0 | ' | 0 | ' | ' |
Construction Loans [Member] | Multi-Family and Nonresidential [Member] | ' | ' | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Recorded Investment | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Interest Income Recognized | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Cash Basis Income Recognized | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Unpaid Principal Balance | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Recorded Investment | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Average Recorded Investment | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Interest Income Recognized | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | 0 | ' | 0 | ' | ' |
Consumer Loans [Member] | ' | ' | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 3,309 | 12,544 | 3,309 | 12,544 | 7,132 |
With no specific allowance recorded, Recorded Investment | 2,562 | 11,763 | 2,562 | 11,763 | 6,422 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 2,296 | 112 | 4,990 | 9,120 | ' |
With no specific allowance recorded, Interest Income Recognized | 3 | 128 | 6 | 249 | ' |
With no specific allowance recorded, Cash Basis Income Recognized | 29 | ' | 68 | 279 | ' |
With a specific allowance recorded, Unpaid Principal Balance | 11,117 | ' | 11,117 | ' | 7,399 |
With a specific allowance recorded, Recorded Investment | 10,929 | ' | 10,929 | ' | 7,399 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 1,090 | 859 | 1,090 | 859 | 859 |
With a specific allowance recorded, Average Recorded Investment | 11,202 | ' | 8,315 | 9 | ' |
With a specific allowance recorded, Interest Income Recognized | 131 | ' | 257 | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | 138 | ' | 271 | ' | ' |
Total Recorded Investment | 13,491 | 13,821 | 13,491 | 13,821 | ' |
Consumer Loans [Member] | Auto [Member] | ' | ' | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 94 | 65 | 94 | 65 | 83 |
With no specific allowance recorded, Recorded Investment | 79 | 44 | 79 | 44 | 66 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 65 | ' | 57 | 44 | ' |
With no specific allowance recorded, Interest Income Recognized | 0 | 1 | 0 | 1 | ' |
With no specific allowance recorded, Cash Basis Income Recognized | 2 | ' | 5 | 2 | ' |
With a specific allowance recorded, Unpaid Principal Balance | 8 | ' | 8 | ' | ' |
With a specific allowance recorded, Recorded Investment | 8 | ' | 8 | ' | ' |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Average Recorded Investment | 9 | ' | 4 | ' | ' |
With a specific allowance recorded, Interest Income Recognized | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | 0 | ' | 0 | ' | ' |
Consumer Loans [Member] | Home Equity [Member] | ' | ' | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 2,509 | 11,041 | 2,509 | 11,041 | 6,458 |
With no specific allowance recorded, Recorded Investment | 1,998 | 10,423 | 1,998 | 10,423 | 5,808 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 1,875 | 107 | 4,517 | 8,053 | ' |
With no specific allowance recorded, Interest Income Recognized | 2 | 119 | 3 | 232 | ' |
With no specific allowance recorded, Cash Basis Income Recognized | 21 | ' | 46 | 255 | ' |
With a specific allowance recorded, Unpaid Principal Balance | 10,348 | ' | 10,348 | ' | 6,743 |
With a specific allowance recorded, Recorded Investment | 10,160 | ' | 10,160 | ' | 6,743 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 949 | ' | 949 | ' | 719 |
With a specific allowance recorded, Average Recorded Investment | 10,399 | ' | 7,568 | ' | ' |
With a specific allowance recorded, Interest Income Recognized | 124 | ' | 246 | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | 131 | ' | 260 | ' | ' |
Consumer Loans [Member] | Marine [Member] | ' | ' | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 156 | 186 | 156 | 186 | 160 |
With no specific allowance recorded, Recorded Investment | 156 | 186 | 156 | 186 | 160 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 157 | ' | 159 | 184 | ' |
With no specific allowance recorded, Interest Income Recognized | 0 | 2 | 0 | ' | ' |
With no specific allowance recorded, Cash Basis Income Recognized | 2 | ' | 5 | 5 | ' |
With a specific allowance recorded, Unpaid Principal Balance | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Recorded Investment | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Average Recorded Investment | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Interest Income Recognized | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | 0 | ' | 0 | ' | ' |
Consumer Loans [Member] | Recreational Vehicles [Member] | ' | ' | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 544 | 1,252 | 544 | 1,252 | 429 |
With no specific allowance recorded, Recorded Investment | 323 | 1,110 | 323 | 1,110 | 386 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 195 | 5 | 255 | 835 | ' |
With no specific allowance recorded, Interest Income Recognized | 1 | 6 | 3 | 16 | ' |
With no specific allowance recorded, Cash Basis Income Recognized | 4 | ' | 12 | 17 | ' |
With a specific allowance recorded, Unpaid Principal Balance | 761 | ' | 761 | ' | 656 |
With a specific allowance recorded, Recorded Investment | 761 | ' | 761 | ' | 656 |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 141 | ' | 141 | ' | 140 |
With a specific allowance recorded, Average Recorded Investment | 794 | ' | 743 | 9 | ' |
With a specific allowance recorded, Interest Income Recognized | 7 | ' | 11 | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | 7 | ' | 11 | ' | ' |
Consumer Loans [Member] | Other [Member] | ' | ' | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 6 | ' | 6 | ' | 2 |
With no specific allowance recorded, Recorded Investment | 6 | ' | 6 | ' | 2 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 4 | ' | 2 | 4 | ' |
With no specific allowance recorded, Interest Income Recognized | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Cash Basis Income Recognized | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Unpaid Principal Balance | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Recorded Investment | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Average Recorded Investment | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Interest Income Recognized | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | 0 | ' | 0 | ' | ' |
Commercial Loans [Member] | ' | ' | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 7,728 | 9,751 | 7,728 | 9,751 | 8,481 |
With no specific allowance recorded, Recorded Investment | 3,708 | 4,513 | 3,708 | 4,513 | 4,044 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 3,710 | ' | 3,948 | 2,260 | ' |
With no specific allowance recorded, Interest Income Recognized | 9 | 21 | 0 | 1 | ' |
With no specific allowance recorded, Cash Basis Income Recognized | 24 | ' | 59 | 61 | ' |
With a specific allowance recorded, Unpaid Principal Balance | 324 | 571 | 324 | 571 | ' |
With a specific allowance recorded, Recorded Investment | 324 | 204 | 324 | 204 | ' |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 3 | 10 | 3 | 10 | ' |
With a specific allowance recorded, Average Recorded Investment | 324 | 204 | 162 | 314 | ' |
With a specific allowance recorded, Interest Income Recognized | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | 0 | ' | 0 | ' | ' |
Commercial Loans [Member] | Secured [Member] | ' | ' | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 3,945 | 5,380 | 3,945 | 5,380 | 4,414 |
With no specific allowance recorded, Recorded Investment | 3,708 | 4,512 | 3,708 | 4,512 | 4,044 |
With no specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 3,710 | ' | 3,948 | 2,061 | ' |
With no specific allowance recorded, Interest Income Recognized | 0 | 15 | 0 | ' | ' |
With no specific allowance recorded, Cash Basis Income Recognized | 1 | ' | 2 | 33 | ' |
With a specific allowance recorded, Unpaid Principal Balance | 324 | 571 | 324 | 571 | ' |
With a specific allowance recorded, Recorded Investment | 324 | 204 | 324 | 204 | ' |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 3 | 10 | 3 | 10 | ' |
With a specific allowance recorded, Average Recorded Investment | 324 | 204 | 162 | 314 | ' |
With a specific allowance recorded, Interest Income Recognized | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | 0 | ' | 0 | ' | ' |
Commercial Loans [Member] | Unsecured [Member] | ' | ' | ' | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' | ' | ' | ' |
With no specific allowance recorded, Unpaid Principal Balance | 3,783 | 4,371 | 3,783 | 4,371 | 4,067 |
With no specific allowance recorded, Recorded Investment | 0 | 1 | 0 | 1 | ' |
With no specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With no specific allowance recorded, Average Recorded Investment | 0 | ' | 0 | 199 | ' |
With no specific allowance recorded, Interest Income Recognized | 9 | 6 | 0 | 1 | ' |
With no specific allowance recorded, Cash Basis Income Recognized | 23 | ' | 57 | 28 | ' |
With a specific allowance recorded, Unpaid Principal Balance | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Recorded Investment | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Allowance for Loan Losses Allocated | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Average Recorded Investment | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Interest Income Recognized | 0 | ' | 0 | ' | ' |
With a specific allowance recorded, Cash Basis Income Recognized | $0 | ' | $0 | ' | ' |
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 $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | $20,312 | $23,543 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | 0 | 45 |
Permanent Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 10,948 | 13,053 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | 0 | 0 |
Permanent Real Estate Loans [Member] | Land [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 532 | 496 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | 0 | 0 |
Permanent Real Estate Loans [Member] | One-to Four-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 5,380 | 6,356 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | 0 | 0 |
Permanent Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 134 | 641 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | 0 | 0 |
Permanent Real Estate Loans [Member] | Nonresidential [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 4,902 | 5,560 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | 0 | 0 |
Construction Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 2,550 | 3,084 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | 0 | 0 |
Construction Loans [Member] | One-to Four-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 2,550 | 3,084 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | 0 | 0 |
Construction Loans [Member] | Multi-Family and Nonresidential [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 0 | 0 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | 0 | 0 |
Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 2,663 | 3,248 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | 0 | 45 |
Consumer Loans [Member] | Auto [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 64 | 110 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | 0 | 0 |
Consumer Loans [Member] | Home Equity [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 2,224 | 2,726 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | 0 | 45 |
Consumer Loans [Member] | Marine [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 127 | 136 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | 0 | 0 |
Consumer Loans [Member] | Recreational Vehicles [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 242 | 263 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | 0 | 0 |
Consumer Loans [Member] | Other [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 6 | 13 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | 0 | 0 |
Commercial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 4,151 | 4,158 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | 0 | 0 |
Commercial Loans [Member] | Secured [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 4,023 | 4,028 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | 0 | 0 |
Commercial Loans [Member] | Unsecured [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing receivable, recorded investment, Nonaccrual | 128 | 130 |
Financing receivable, recorded investment, Loans past due over 90 days and still accruing | $0 | $0 |
Loans_Presentation_of_Age_Anal
Loans - Presentation of Age Analysis of Past-Due Loans, Segregated by Class of Loans (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | $2,574 | $2,518 | ' |
60-89 Days Past Due | 1,008 | 1,084 | ' |
Greater than 90 Days Past Due | 16,637 | 20,233 | ' |
Total Past Due | 20,219 | 23,835 | ' |
Current Loans | 1,083,769 | 1,025,330 | ' |
Ending balance | 1,103,988 | 1,049,165 | 1,049,165 |
Permanent Real Estate Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 1,325 | 1,854 | ' |
60-89 Days Past Due | 419 | 415 | ' |
Greater than 90 Days Past Due | 8,312 | 10,829 | ' |
Total Past Due | 10,056 | 13,098 | ' |
Current Loans | 819,794 | 767,346 | ' |
Ending balance | 829,850 | 780,444 | 780,444 |
Permanent Real Estate Loans [Member] | Land [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 0 | ' | ' |
60-89 Days Past Due | 0 | 36 | ' |
Greater than 90 Days Past Due | 532 | 496 | ' |
Total Past Due | 532 | 532 | ' |
Current Loans | 9,103 | 9,151 | ' |
Ending balance | 9,635 | 9,683 | ' |
Permanent Real Estate Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 1,325 | 1,482 | ' |
60-89 Days Past Due | 419 | 379 | ' |
Greater than 90 Days Past Due | 2,795 | 4,687 | ' |
Total Past Due | 4,539 | 6,548 | ' |
Current Loans | 640,672 | 578,477 | ' |
Ending balance | 645,211 | 585,025 | ' |
Permanent Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 0 | 359 | ' |
60-89 Days Past Due | 0 | ' | ' |
Greater than 90 Days Past Due | 133 | 190 | ' |
Total Past Due | 133 | 549 | ' |
Current Loans | 52,805 | 53,936 | ' |
Ending balance | 52,938 | 54,485 | ' |
Permanent Real Estate Loans [Member] | Nonresidential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 0 | 13 | ' |
60-89 Days Past Due | 0 | ' | ' |
Greater than 90 Days Past Due | 4,852 | 5,456 | ' |
Total Past Due | 4,852 | 5,469 | ' |
Current Loans | 117,214 | 125,782 | ' |
Ending balance | 122,066 | 131,251 | ' |
Construction Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 0 | ' | ' |
60-89 Days Past Due | 0 | ' | ' |
Greater than 90 Days Past Due | 2,553 | 3,084 | ' |
Total Past Due | 2,553 | 3,084 | ' |
Current Loans | 50,431 | 50,265 | ' |
Ending balance | 52,984 | 53,349 | 53,349 |
Construction Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 0 | ' | ' |
60-89 Days Past Due | 0 | ' | ' |
Greater than 90 Days Past Due | 2,553 | 3,084 | ' |
Total Past Due | 2,553 | 3,084 | ' |
Current Loans | 49,421 | 50,265 | ' |
Ending balance | 51,974 | 53,349 | ' |
Construction Loans [Member] | Multi-Family and Nonresidential [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 0 | ' | ' |
60-89 Days Past Due | 0 | ' | ' |
Greater than 90 Days Past Due | 0 | ' | ' |
Total Past Due | 0 | ' | ' |
Current Loans | 1,010 | ' | ' |
Ending balance | 1,010 | ' | ' |
Consumer Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 1,249 | 664 | ' |
60-89 Days Past Due | 589 | 658 | ' |
Greater than 90 Days Past Due | 1,621 | 2,173 | ' |
Total Past Due | 3,459 | 3,495 | ' |
Current Loans | 178,568 | 185,736 | ' |
Ending balance | 182,027 | 189,231 | 189,231 |
Consumer Loans [Member] | Auto [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 0 | 5 | ' |
60-89 Days Past Due | 0 | ' | ' |
Greater than 90 Days Past Due | 30 | 49 | ' |
Total Past Due | 30 | 54 | ' |
Current Loans | 4,839 | 5,615 | ' |
Ending balance | 4,869 | 5,669 | ' |
Consumer Loans [Member] | Home Equity [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 905 | 541 | ' |
60-89 Days Past Due | 103 | 452 | ' |
Greater than 90 Days Past Due | 1,440 | 2,111 | ' |
Total Past Due | 2,448 | 3,104 | ' |
Current Loans | 152,635 | 156,691 | ' |
Ending balance | 155,083 | 159,795 | ' |
Consumer Loans [Member] | Marine [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 60 | ' | ' |
60-89 Days Past Due | 0 | ' | ' |
Greater than 90 Days Past Due | 0 | ' | ' |
Total Past Due | 60 | ' | ' |
Current Loans | 4,028 | 4,308 | ' |
Ending balance | 4,088 | 4,308 | ' |
Consumer Loans [Member] | Recreational Vehicles [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 282 | 117 | ' |
60-89 Days Past Due | 477 | 199 | ' |
Greater than 90 Days Past Due | 150 | 3 | ' |
Total Past Due | 909 | 319 | ' |
Current Loans | 15,074 | 17,028 | ' |
Ending balance | 15,983 | 17,347 | ' |
Consumer Loans [Member] | Other [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 2 | 1 | ' |
60-89 Days Past Due | 9 | 7 | ' |
Greater than 90 Days Past Due | 1 | 10 | ' |
Total Past Due | 12 | 18 | ' |
Current Loans | 1,992 | 2,094 | ' |
Ending balance | 2,004 | 2,112 | ' |
Commercial Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 0 | ' | ' |
60-89 Days Past Due | 0 | 11 | ' |
Greater than 90 Days Past Due | 4,151 | 4,147 | ' |
Total Past Due | 4,151 | 4,158 | ' |
Current Loans | 34,976 | 21,983 | ' |
Ending balance | 39,127 | 26,141 | ' |
Commercial Loans [Member] | Secured [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 0 | ' | ' |
60-89 Days Past Due | 0 | 11 | ' |
Greater than 90 Days Past Due | 4,023 | 4,017 | ' |
Total Past Due | 4,023 | 4,028 | ' |
Current Loans | 34,978 | 21,686 | ' |
Ending balance | 39,001 | 25,714 | ' |
Commercial Loans [Member] | Unsecured [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 0 | ' | ' |
60-89 Days Past Due | 0 | ' | ' |
Greater than 90 Days Past Due | 128 | 130 | ' |
Total Past Due | 128 | 130 | ' |
Current Loans | -2 | 297 | ' |
Ending balance | $126 | $427 | ' |
Loans_Loans_by_Class_Modified_
Loans - Loans by Class Modified as Troubled Debt Restructuring (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
SecurityLoan | SecurityLoan | SecurityLoan | SecurityLoan | |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Number of Loans | 20 | 51 | 40 | 94 |
Pre-Modification Outstanding Recorded Investment | $1,387 | $8,338 | $2,628 | $10,743 |
Post- Modification Recorded Investment | 1,419 | 4,324 | 2,674 | 6,767 |
Permanent Real Estate Loans [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Number of Loans | 11 | 13 | 21 | 26 |
Pre-Modification Outstanding Recorded Investment | 922 | 5,522 | 1,611 | 6,265 |
Post- Modification Recorded Investment | 969 | 1,841 | 1,665 | 2,603 |
Permanent Real Estate Loans [Member] | Land [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Number of Loans | 0 | 2 | 0 | 2 |
Pre-Modification Outstanding Recorded Investment | 0 | 3,913 | 0 | 3,913 |
Post- Modification Recorded Investment | 0 | 487 | 0 | 487 |
Permanent Real Estate Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Number of Loans | 11 | 9 | 20 | 22 |
Pre-Modification Outstanding Recorded Investment | 922 | 1,099 | 1,491 | 1,842 |
Post- Modification Recorded Investment | 969 | 844 | 1,545 | 1,606 |
Permanent Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Number of Loans | 0 | 1 | 0 | 1 |
Pre-Modification Outstanding Recorded Investment | 0 | 469 | 0 | 469 |
Post- Modification Recorded Investment | 0 | 469 | 0 | 469 |
Permanent Real Estate Loans [Member] | Nonresidential [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Number of Loans | 0 | 1 | 1 | 1 |
Pre-Modification Outstanding Recorded Investment | 0 | 41 | 120 | 41 |
Post- Modification Recorded Investment | 0 | 41 | 120 | 41 |
Construction Loans [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Number of Loans | 0 | 1 | 0 | 1 |
Pre-Modification Outstanding Recorded Investment | 0 | 1,161 | 0 | 1,161 |
Post- Modification Recorded Investment | 0 | 823 | 0 | 823 |
Construction Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Number of Loans | 0 | 1 | 0 | 1 |
Pre-Modification Outstanding Recorded Investment | 0 | 1,161 | 0 | 1,161 |
Post- Modification Recorded Investment | 0 | 823 | 0 | 823 |
Construction Loans [Member] | Multi-Family and Nonresidential [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Number of Loans | 0 | ' | 0 | ' |
Pre-Modification Outstanding Recorded Investment | 0 | ' | 0 | ' |
Post- Modification Recorded Investment | 0 | ' | 0 | ' |
Consumer Loans [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Number of Loans | 9 | 37 | 19 | 67 |
Pre-Modification Outstanding Recorded Investment | 465 | 1,655 | 1,017 | 3,317 |
Post- Modification Recorded Investment | 450 | 1,660 | 1,009 | 3,341 |
Consumer Loans [Member] | Auto [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Number of Loans | 0 | ' | 0 | ' |
Pre-Modification Outstanding Recorded Investment | 0 | ' | 0 | ' |
Post- Modification Recorded Investment | 0 | ' | 0 | ' |
Consumer Loans [Member] | Home Equity [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Number of Loans | 9 | 37 | 19 | 63 |
Pre-Modification Outstanding Recorded Investment | 465 | 1,655 | 1,017 | 2,526 |
Post- Modification Recorded Investment | 450 | 1,660 | 1,009 | 2,537 |
Consumer Loans [Member] | Marine [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Number of Loans | 0 | ' | 0 | ' |
Pre-Modification Outstanding Recorded Investment | 0 | ' | 0 | ' |
Post- Modification Recorded Investment | 0 | ' | 0 | ' |
Consumer Loans [Member] | Recreational Vehicles [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Number of Loans | 0 | ' | 0 | 4 |
Pre-Modification Outstanding Recorded Investment | 0 | ' | 0 | 791 |
Post- Modification Recorded Investment | 0 | ' | 0 | 804 |
Consumer Loans [Member] | Other [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Number of Loans | 0 | ' | 0 | ' |
Pre-Modification Outstanding Recorded Investment | 0 | ' | 0 | ' |
Post- Modification Recorded Investment | 0 | ' | 0 | ' |
Commercial Loans [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Number of Loans | 0 | ' | 0 | ' |
Pre-Modification Outstanding Recorded Investment | 0 | ' | 0 | ' |
Post- Modification Recorded Investment | 0 | ' | 0 | ' |
Commercial Loans [Member] | Secured [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Number of Loans | 0 | ' | 0 | ' |
Pre-Modification Outstanding Recorded Investment | 0 | ' | 0 | ' |
Post- Modification Recorded Investment | 0 | ' | 0 | ' |
Commercial Loans [Member] | Unsecured [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' |
Number of Loans | 0 | ' | 0 | ' |
Pre-Modification Outstanding Recorded Investment | 0 | ' | 0 | ' |
Post- Modification Recorded Investment | $0 | ' | $0 | ' |
Loans_Additional_Information_D
Loans - Additional Information (Detail) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Amounts charged off | $1,192,000 | $4,590,000 | $2,356,000 | $6,750,000 | ' |
Effect of troubled debt restructurings on provision for loan losses | 0 | ' | ' | ' | 0 |
Maximum period after which troubled debt restructuring is considered to be in payment by default | ' | ' | '30 days | ' | ' |
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 | ' | ' |
Troubled Debt Restructurings [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Increment in allowance for loan losses | 59,000 | 199,000 | 116,000 | 572,000 | ' |
Amounts charged off | 3,000,000 | 1,800,000 | 3,000,000 | 1,800,000 | ' |
Total recorded investment | $8,600,000 | ' | $8,600,000 | ' | $66,400,000 |
Loans_Loans_by_Class_Modified_1
Loans - Loans by Class Modified as Troubled Debt Restructurings with Payment Default (Detail) (USD $) | 6 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
SecurityLoan | SecurityLoan | |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 6 | 16 |
Recorded Investment | $246 | $2,540 |
Permanent Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 2 | 7 |
Recorded Investment | 74 | 1,526 |
Permanent Real Estate Loans [Member] | Land [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 0 | 2 |
Recorded Investment | 0 | 487 |
Permanent Real Estate Loans [Member] | One-to Four-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 2 | 4 |
Recorded Investment | 74 | 576 |
Permanent Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 0 | 1 |
Recorded Investment | 0 | 463 |
Permanent Real Estate Loans [Member] | Nonresidential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 0 | ' |
Recorded Investment | 0 | ' |
Construction Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 0 | 1 |
Recorded Investment | 0 | 623 |
Construction Loans [Member] | One-to Four-Family Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 0 | 1 |
Recorded Investment | 0 | 623 |
Construction Loans [Member] | Multi-Family and Nonresidential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 0 | ' |
Recorded Investment | 0 | ' |
Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 4 | 8 |
Recorded Investment | 172 | 391 |
Consumer Loans [Member] | Auto [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 0 | ' |
Recorded Investment | 0 | ' |
Consumer Loans [Member] | Home Equity [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 4 | 6 |
Recorded Investment | 172 | 207 |
Consumer Loans [Member] | Marine [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 0 | ' |
Recorded Investment | 0 | ' |
Consumer Loans [Member] | Recreational Vehicles [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 0 | 2 |
Recorded Investment | 0 | 184 |
Consumer Loans [Member] | Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 0 | ' |
Recorded Investment | 0 | ' |
Commercial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 0 | ' |
Recorded Investment | 0 | ' |
Commercial Loans [Member] | Secured [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 0 | ' |
Recorded Investment | 0 | ' |
Commercial Loans [Member] | Unsecured [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Number of loans | 0 | ' |
Recorded Investment | $0 | ' |
Loans_Risk_Category_of_Loans_b
Loans - Risk Category of Loans by Class of Loans (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | |||
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | $1,103,988 | $1,049,165 | $1,049,165 |
Permanent Real Estate Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 829,850 | 780,444 | 780,444 |
Permanent Real Estate Loans [Member] | Land [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 9,635 | 9,683 | ' |
Permanent Real Estate Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 645,211 | 585,025 | ' |
Permanent Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 52,938 | 54,485 | ' |
Permanent Real Estate Loans [Member] | Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 122,066 | 131,251 | ' |
Construction Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 52,984 | 53,349 | 53,349 |
Construction Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 51,974 | 53,349 | ' |
Construction Loans [Member] | Multi-Family and Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 1,010 | ' | ' |
Consumer Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 182,027 | 189,231 | 189,231 |
Consumer Loans [Member] | Auto [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 4,869 | 5,669 | ' |
Consumer Loans [Member] | Home Equity [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 155,083 | 159,795 | ' |
Consumer Loans [Member] | Marine [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 4,088 | 4,308 | ' |
Consumer Loans [Member] | Recreational Vehicles [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 15,983 | 17,347 | ' |
Consumer Loans [Member] | Other [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 2,004 | 2,112 | ' |
Commercial Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 39,127 | 26,141 | ' |
Commercial Loans [Member] | Secured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 39,001 | 25,714 | ' |
Commercial Loans [Member] | Unsecured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 126 | 427 | ' |
Unclassified [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 1,047,472 | 979,700 | ' |
Unclassified [Member] | Permanent Real Estate Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 785,962 | 724,005 | ' |
Unclassified [Member] | Permanent Real Estate Loans [Member] | Land [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 9,148 | 9,069 | ' |
Unclassified [Member] | Permanent Real Estate Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 636,679 | 575,903 | ' |
Unclassified [Member] | Permanent Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 47,655 | 48,918 | ' |
Unclassified [Member] | Permanent Real Estate Loans [Member] | Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 92,480 | 90,115 | ' |
Unclassified [Member] | Construction Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 50,433 | 50,257 | ' |
Unclassified [Member] | Construction Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 49,423 | 50,257 | ' |
Unclassified [Member] | Construction Loans [Member] | Multi-Family and Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 1,010 | ' | ' |
Unclassified [Member] | Consumer Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 178,894 | 185,656 | ' |
Unclassified [Member] | Consumer Loans [Member] | Auto [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 4,790 | 5,507 | ' |
Unclassified [Member] | Consumer Loans [Member] | Home Equity [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 152,467 | 156,841 | ' |
Unclassified [Member] | Consumer Loans [Member] | Marine [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 3,932 | 4,143 | ' |
Unclassified [Member] | Consumer Loans [Member] | Recreational Vehicles [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 15,715 | 17,066 | ' |
Unclassified [Member] | Consumer Loans [Member] | Other [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 1,990 | 2,099 | ' |
Unclassified [Member] | Commercial Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 32,183 | 19,782 | ' |
Unclassified [Member] | Commercial Loans [Member] | Secured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 32,173 | 19,714 | ' |
Unclassified [Member] | Commercial Loans [Member] | Unsecured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 10 | 68 | ' |
Special Mention [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 14,821 | 15,956 | ' |
Special Mention [Member] | Permanent Real Estate Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 12,760 | 15,715 | ' |
Special Mention [Member] | Permanent Real Estate Loans [Member] | Land [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | 127 | ' |
Special Mention [Member] | Permanent Real Estate Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 1,556 | 404 | ' |
Special Mention [Member] | Permanent Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 2,599 | 2,962 | ' |
Special Mention [Member] | Permanent Real Estate Loans [Member] | Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 8,605 | 12,222 | ' |
Special Mention [Member] | Construction Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Special Mention [Member] | Construction Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Special Mention [Member] | Construction Loans [Member] | Multi-Family and Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Special Mention [Member] | Consumer Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 31 | 51 | ' |
Special Mention [Member] | Consumer Loans [Member] | Auto [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 4 | 5 | ' |
Special Mention [Member] | Consumer Loans [Member] | Home Equity [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 27 | 46 | ' |
Special Mention [Member] | Consumer Loans [Member] | Marine [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Special Mention [Member] | Consumer Loans [Member] | Recreational Vehicles [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Special Mention [Member] | Consumer Loans [Member] | Other [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Special Mention [Member] | Commercial Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 2,030 | 190 | ' |
Special Mention [Member] | Commercial Loans [Member] | Secured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 2,030 | 190 | ' |
Special Mention [Member] | Commercial Loans [Member] | Unsecured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Substandard [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 41,695 | 53,509 | ' |
Substandard [Member] | Permanent Real Estate Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 31,128 | 40,724 | ' |
Substandard [Member] | Permanent Real Estate Loans [Member] | Land [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 487 | 487 | ' |
Substandard [Member] | Permanent Real Estate Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 6,976 | 8,718 | ' |
Substandard [Member] | Permanent Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 2,684 | 2,605 | ' |
Substandard [Member] | Permanent Real Estate Loans [Member] | Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 20,981 | 28,914 | ' |
Substandard [Member] | Construction Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 2,551 | 3,092 | ' |
Substandard [Member] | Construction Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 2,551 | 3,092 | ' |
Substandard [Member] | Construction Loans [Member] | Multi-Family and Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Substandard [Member] | Consumer Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 3,102 | 3,524 | ' |
Substandard [Member] | Consumer Loans [Member] | Auto [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 75 | 116 | ' |
Substandard [Member] | Consumer Loans [Member] | Home Equity [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 2,589 | 2,954 | ' |
Substandard [Member] | Consumer Loans [Member] | Marine [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 156 | 160 | ' |
Substandard [Member] | Consumer Loans [Member] | Recreational Vehicles [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 268 | 281 | ' |
Substandard [Member] | Consumer Loans [Member] | Other [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 14 | 13 | ' |
Substandard [Member] | Commercial Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 4,914 | 6,169 | ' |
Substandard [Member] | Commercial Loans [Member] | Secured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 4,798 | 5,810 | ' |
Substandard [Member] | Commercial Loans [Member] | Unsecured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 116 | 359 | ' |
Doubtful [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Doubtful [Member] | Permanent Real Estate Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Doubtful [Member] | Permanent Real Estate Loans [Member] | Land [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Doubtful [Member] | Permanent Real Estate Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Doubtful [Member] | Permanent Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Doubtful [Member] | Permanent Real Estate Loans [Member] | Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Doubtful [Member] | Construction Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Doubtful [Member] | Construction Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Doubtful [Member] | Construction Loans [Member] | Multi-Family and Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Doubtful [Member] | Consumer Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Doubtful [Member] | Consumer Loans [Member] | Auto [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Doubtful [Member] | Consumer Loans [Member] | Home Equity [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Doubtful [Member] | Consumer Loans [Member] | Marine [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Doubtful [Member] | Consumer Loans [Member] | Recreational Vehicles [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Doubtful [Member] | Consumer Loans [Member] | Other [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Doubtful [Member] | Commercial Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Doubtful [Member] | Commercial Loans [Member] | Secured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Doubtful [Member] | Commercial Loans [Member] | Unsecured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Classified Loss [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Classified Loss [Member] | Permanent Real Estate Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Classified Loss [Member] | Permanent Real Estate Loans [Member] | Land [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Classified Loss [Member] | Permanent Real Estate Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Classified Loss [Member] | Permanent Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Classified Loss [Member] | Permanent Real Estate Loans [Member] | Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Classified Loss [Member] | Construction Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Classified Loss [Member] | Construction Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Classified Loss [Member] | Construction Loans [Member] | Multi-Family and Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Classified Loss [Member] | Consumer Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Classified Loss [Member] | Consumer Loans [Member] | Auto [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Classified Loss [Member] | Consumer Loans [Member] | Home Equity [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Classified Loss [Member] | Consumer Loans [Member] | Marine [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Classified Loss [Member] | Consumer Loans [Member] | Recreational Vehicles [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Classified Loss [Member] | Consumer Loans [Member] | Other [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Classified Loss [Member] | Commercial Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Classified Loss [Member] | Commercial Loans [Member] | Secured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Classified Loss [Member] | Commercial Loans [Member] | Unsecured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Classified [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 41,695 | 53,509 | ' |
Classified [Member] | Permanent Real Estate Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 31,128 | 40,724 | ' |
Classified [Member] | Permanent Real Estate Loans [Member] | Land [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 487 | 487 | ' |
Classified [Member] | Permanent Real Estate Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 6,976 | 8,718 | ' |
Classified [Member] | Permanent Real Estate Loans [Member] | Multi-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 2,684 | 2,605 | ' |
Classified [Member] | Permanent Real Estate Loans [Member] | Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 20,981 | 28,914 | ' |
Classified [Member] | Construction Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 2,551 | 3,092 | ' |
Classified [Member] | Construction Loans [Member] | One-to Four-Family Residential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 2,551 | 3,092 | ' |
Classified [Member] | Construction Loans [Member] | Multi-Family and Nonresidential [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 0 | ' | ' |
Classified [Member] | Consumer Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 3,102 | 3,524 | ' |
Classified [Member] | Consumer Loans [Member] | Auto [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 75 | 116 | ' |
Classified [Member] | Consumer Loans [Member] | Home Equity [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 2,589 | 2,954 | ' |
Classified [Member] | Consumer Loans [Member] | Marine [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 156 | 160 | ' |
Classified [Member] | Consumer Loans [Member] | Recreational Vehicles [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 268 | 281 | ' |
Classified [Member] | Consumer Loans [Member] | Other [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 14 | 13 | ' |
Classified [Member] | Commercial Loans [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 4,914 | 6,169 | ' |
Classified [Member] | Commercial Loans [Member] | Secured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | 4,798 | 5,810 | ' |
Classified [Member] | Commercial Loans [Member] | Unsecured [Member] | ' | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' | ' |
Total loans | $116 | $359 | ' |
Mortgage_Banking_Activities_Ad
Mortgage Banking Activities - Additional Information (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
Mortgage Banking [Abstract] | ' | ' |
Mortgage loans serviced for others | $1,100,000,000 | $1,100,000,000 |
Total services loans | 866,000 | 1,300,000 |
Fair value of mortgage servicing rights | $9,700,000 | $10,200,000 |
Mortgage_Banking_Activities_Pr
Mortgage Banking Activities - Principal Balance of Mortgage Servicing Rights (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Mortgage loan portfolios serviced for: | ' | ' |
Mortgage loan portfolios service | $1,100,000 | $1,100,000 |
FHLMC [Member] | ' | ' |
Mortgage loan portfolios serviced for: | ' | ' |
Mortgage loan portfolios service | 816,370 | 827,146 |
FNMA [Member] | ' | ' |
Mortgage loan portfolios serviced for: | ' | ' |
Mortgage loan portfolios service | $272,639 | $283,340 |
Mortgage_Banking_Activities_Ca
Mortgage Banking Activities - Capitalized Mortgage Servicing Rights (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jan. 01, 2013 |
Mortgage Banking [Abstract] | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | $5,941 | $5,506 | ' | ' |
Originations | ' | ' | 541 | 1,791 | ' | ' |
Amortized to expense | -432 | -570 | -824 | -1,230 | ' | ' |
Ending balance | 5,658 | 6,067 | 5,658 | 6,067 | ' | ' |
Less valuation allowance | -6 | -34 | -6 | -34 | 0 | -680 |
Net balance | $5,652 | $6,033 | $5,652 | $6,033 | ' | ' |
Mortgage_Banking_Activities_Va
Mortgage Banking Activities - Valuation Allowance for Mortgage Servicing Rights (Detail) (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Mortgage Banking [Abstract] | ' | ' |
Balance, beginning of year | $0 | ($680) |
Impairment charges | -6 | ' |
Recoveries | 0 | 646 |
Balance, end of period | ($6) | ($34) |
Mortgage_Banking_Activities_Ke
Mortgage Banking Activities - Key Economic Assumptions in Measuring Value of Mortgage Servicing Rights (Detail) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2014 | Dec. 31, 2013 | |
Mortgage Banking [Abstract] | ' | ' |
Weighted average prepayment rate | 195 | 182 |
Weighted average life (in years) | '3 years 8 months 27 days | '3 years 11 months 9 days |
Weighted average discount rate | 8.00% | 8.00% |
Recovered_Sheet1
Other Real Estate Owned and Other Repossessed Assets - Real Estate Owned and Other Repossessed Assets (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jan. 01, 2013 |
In Thousands, unless otherwise specified | ||||
Other Real Estate Owned And Other Repossessed Assets [Abstract] | ' | ' | ' | ' |
Real estate owned and other repossessed assets | $8,111 | ' | $17,864 | ' |
Valuation allowance | -3,563 | -4,059 | -6,505 | -6,796 |
End of period | $4,548 | $6,341 | $11,359 | ' |
Recovered_Sheet2
Other Real Estate Owned and Other Repossessed Assets - Valuation Allowance Related to Real Estate Owned (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Other Real Estate Owned And Other Repossessed Assets [Abstract] | ' | ' | ' | ' |
Beginning of year | ' | ' | $4,059 | $6,796 |
Additions charged to expense | 146 | 1,014 | 438 | 1,337 |
Reductions due to sales | ' | ' | -934 | -1,628 |
End of period | $3,563 | $6,505 | $3,563 | $6,505 |
Other_Real_Estate_Owned_and_Ot2
Other Real Estate Owned and Other Repossessed Assets - Expenses Related to Foreclosed and Repossessed Assets (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Other Real Estate Owned And Other Repossessed Assets [Abstract] | ' | ' | ' | ' |
Net (gain) loss on sales | ($104) | $126 | ($13) | $234 |
Provision for unrealized losses, net | 146 | 1,014 | 438 | 1,337 |
Operating expenses, net of rental income | 137 | 293 | 350 | 786 |
Total expenses | $179 | $1,433 | $775 | $2,357 |
Recovered_Sheet3
Other Postretirement Benefit Plans - Additional Information (Detail) | 6 Months Ended |
Jun. 30, 2014 | |
Compensation And Retirement Disclosure [Abstract] | ' |
Minimum year of service to qualify for post-retirement medical benefits | '20 years |
Minimum age to qualify for post-retirement medical benefits | '60 years |
Condition to qualify for post-retirement medical benefits | 'Employees who had worked 20 years and attained a minimum age of 60 by September 1, 2000 |
Recovered_Sheet4
Other Postretirement Benefit Plans - Components of Net Periodic Benefit Cost (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Compensation And Retirement Disclosure [Abstract] | ' | ' | ' | ' |
Service cost | $0 | ' | $0 | ' |
Interest cost | 14 | 13 | 28 | 26 |
Expected return on plan assets | 0 | ' | 0 | ' |
Net amortization of prior service cost | -19 | -19 | -39 | -38 |
Recognized net actuarial gain | -36 | -28 | -71 | -56 |
Net periodic benefit cost/(gain) | ($41) | ($34) | ($82) | ($68) |
Other_Postretirement_Benefit_P2
Other Postretirement Benefit Plans - Assumptions Used in Valuation of Other Postretirement Benefits (Detail) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Compensation And Retirement Disclosure [Abstract] | ' | ' | ' | ' |
Weighted average discount rate | 3.95% | 3.00% | 3.95% | 3.00% |
Fair_Value_Measurement_Additio
Fair Value Measurement - Additional Information (Detail) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
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 | 3,200,000 | 3,600,000 | 3,200,000 | 3,600,000 | 4,100,000 |
Increase (Decrease) in provision for loan losses | -30,000 | 1,700,000 | 439,000 | 2,300,000 | 1,500,000 |
Specific allowance for collateral dependent loans | 277,000 | 1,000,000 | 277,000 | 1,000,000 | 792,000 |
Discount applied to appraisals for estimated selling costs percentage | ' | ' | 10.00% | ' | ' |
Mortgage servicing rights, fair amount | 157,000 | 632,000 | 157,000 | 632,000 | 0 |
Valuation allowance | -5,000 | 211,000 | -6,000 | 646,000 | ' |
Mortgage servicing rights net recovery/charge | ' | ' | ' | ' | 680,000 |
Mortgage servicing rights, Outstanding Amount | ' | 666,000 | ' | 666,000 | ' |
Other real estate owned carried at fair value | 3,200,000 | 7,200,000 | 3,200,000 | 7,200,000 | 4,200,000 |
Valuation allowance related to other real estate owned | 3,600,000 | 6,600,000 | 3,600,000 | 6,600,000 | 4,100,000 |
Additional expenses related to other real estate owned | 146,000 | 1,100,000 | 438,000 | 1,300,000 | 2,000,000 |
Maximum maturity period of short term borrowings | ' | ' | '90 days | ' | ' |
Minimum [Member] | ' | ' | ' | ' | ' |
Fair Value Measurements Disclosure [Line Items] | ' | ' | ' | ' | ' |
Increase in fair value | $250,000 | ' | $250,000 | ' | ' |
Fair_Value_Measurement_Assets_
Fair Value Measurement - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | $516,637 | $511,006 |
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 | 214 | 546 |
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 | 231,597 | 222,293 |
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 | 452 | 445 |
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 | 284,588 | 288,268 |
Fair Value, Measurements, Recurring [Member] | Mortgage Servicing Assets [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | 157 | ' |
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 | 489 | 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 | 489 | 155 |
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] | 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 | 452 | 445 |
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] | Mortgage Servicing Assets [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] | 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] | 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 | 231,597 | 222,293 |
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 | 284,588 | 288,268 |
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage Servicing Assets [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Available for sale securities, Fair value | 157 | ' |
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 | 489 | 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 | 489 | 155 |
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 | 214 | 546 |
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] | Mortgage Servicing Assets [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] | 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_Measurement_Reconci
Fair Value Measurement - Reconciliation of All Assets Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) (Detail) (Interest Rate Caps [Member], USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
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 | $546 | $436 |
Included in other income | -73 | 700 |
Included in other comprehensive income | 0 | ' |
Purchases | 0 | ' |
Amortization | -259 | -259 |
Sales | 0 | ' |
Balance of recurring Level 3 assets at end of period | $214 | $877 |
Fair_Value_Measurement_Quantit
Fair Value Measurement - Quantitative Information About Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on Nonrecurring Basis (Interest rate caps) (Detail) (USD $) | 6 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value | $214 | $546 |
Valuation Technique | 'Discounted cash flow | 'Discounted cash flow |
Minimum [Member] | Discounted Cash Flow [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value Inputs, Discount Rate | 0.40% | 0.35% |
Maximum [Member] | Discounted Cash Flow [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value Inputs, Discount Rate | -1.18% | -1.18% |
Fair_Value_Measurement_Assets_1
Fair Value Measurement - Assets and Liabilities Measured on Non-recurring Basis (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Permanent Real Estate Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | $1,062 | $2,219 |
Construction Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | 1,997 | 1,587 |
Consumer Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | 163 | 339 |
Permanent Real Estate Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Other real estate owned, net | 1,366 | 1,939 |
Construction Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Other real estate owned, net | 1,848 | 2,310 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Permanent Real Estate Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Construction Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Consumer Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Permanent Real Estate Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Other real estate owned, net | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Construction Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Other real estate owned, net | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | Permanent Real Estate Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | Construction Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | Consumer Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | Permanent Real Estate Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Other real estate owned, net | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | Construction Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Other real estate owned, net | ' | ' |
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 | 1,062 | 2,219 |
Significant Unobservable Inputs (Level 3) [Member] | Construction Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | 1,997 | 1,587 |
Significant Unobservable Inputs (Level 3) [Member] | Consumer Loans [Member] | ' | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' | ' |
Impaired loans | 163 | 339 |
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 | 1,366 | 1,939 |
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 | $1,848 | $2,310 |
Fair_Value_Measurement_Quantit1
Fair Value Measurement - Quantitative Information About Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on Nonrecurring Basis (Detail) (USD $) | 6 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value | $214 | $546 |
Valuation Technique | 'Discounted cash flow | 'Discounted cash flow |
Valuation Technique | 'Discounted cash flow | 'Discounted cash flow |
Impaired Loans Permanent Real Estate Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value | 1,062 | 2,219 |
Impaired Loans Construction [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value | 1,997 | 1,587 |
Consumer Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value | 163 | 339 |
Permanent Real Estate Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value | 1,366 | 1,939 |
Construction Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value | $1,848 | $2,310 |
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 |
Valuation Technique | 'Sales comparison approach | '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 |
Valuation Technique | 'Sales comparison approach | 'Sales comparison approach |
Sales Comparison Approach [Member] | Consumer Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Valuation Technique | 'Sales comparison approach | 'Sales comparison approach |
Valuation Technique | 'Sales comparison approach | '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 |
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 |
Valuation Technique | 'Sales comparison approach | '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 | 'Income approach |
Valuation Technique | 'Income approach | '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% | -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% | -11.90% |
Weighted Average [Member] | Sales Comparison Approach [Member] | Consumer Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Adjustment for differences between comparable sales | -11.90% | -5.00% |
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% | -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% | -9.24% |
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% | -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% | 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% | 0.00% |
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% | 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% | 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% | 6.54% |
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% | 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% | -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% | -25.00% |
Maximum [Member] | Sales Comparison Approach [Member] | Consumer Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Adjustment for differences between comparable sales | 25.00% | -10.00% |
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% | -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% | -26.63% |
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% | -14.62% |
Fair_Value_Measurement_Carryin
Fair Value Measurement - Carrying Value and Estimated Fair Values of Financial Instruments (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jan. 01, 2013 |
In Thousands, unless otherwise specified | ||||
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents, Carrying Value | $43,590 | $77,331 | $110,256 | $42,613 |
Available for sale securities, Fair value | 516,637 | 511,006 | ' | ' |
Loans held for sale, Carrying Value | 9,290 | 4,838 | ' | ' |
Loans, net, Carrying Value | 1,086,771 | 1,029,192 | ' | ' |
FHLB stock, Carrying Value | 18,068 | 26,464 | ' | ' |
Accrued interest receivable, Carrying Value | 5,762 | 5,694 | ' | ' |
FHLB advances, Carrying Value | -65,000 | -50,000 | ' | ' |
Repurchase agreements and other, Carrying Value | -90,567 | -90,578 | ' | ' |
Advance payments by borrowers for taxes and insurance, Carrying Value | -12,708 | -20,060 | ' | ' |
Accrued interest payable, Carrying Value | -573 | -550 | ' | ' |
Carrying Value [Member] | ' | ' | ' | ' |
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents, Carrying Value | 43,590 | 77,331 | ' | ' |
Available for sale securities, Carrying value | 516,637 | 511,006 | ' | ' |
Loans held for sale, Carrying Value | 9,290 | 4,838 | ' | ' |
Loans held for sale, Fair Value | 1,086,771 | ' | ' | ' |
Loans, net, Carrying Value | 1,086,771 | ' | ' | ' |
Loans, net, Carrying Value | ' | 1,029,192 | ' | ' |
FHLB stock, Carrying Value | 18,068 | ' | ' | ' |
FHLB stock, Carrying Value | ' | 26,464 | ' | ' |
Accrued interest receivable, Carrying Value | 5,762 | 5,694 | ' | ' |
Interest rate caps, Carrying Value | 214 | 546 | ' | ' |
Checking, savings and money market accounts, Carrying Value | -923,552 | -899,481 | ' | ' |
Certificates of deposit, Carrying Value | -451,922 | -492,271 | ' | ' |
FHLB advances, Carrying Value | -65,000 | -50,000 | ' | ' |
Repurchase agreements and other, Carrying Value | -90,567 | -90,578 | ' | ' |
Advance payments by borrowers for taxes and insurance, Carrying Value | -12,708 | -20,060 | ' | ' |
Accrued interest payable, Carrying Value | -573 | -550 | ' | ' |
Carrying Value [Member] | Purchased Certificate of Deposit Option [Member] | ' | ' | ' | ' |
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' |
Certificate of deposit option, Carrying Value | 489 | 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 | -489 | -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 | 43,590 | 77,331 | ' | ' |
Available for sale securities, Fair value | 452 | 445 | ' | ' |
FHLB stock, Carrying Value | ' | ' | ' | ' |
FHLB stock, Fair Value | ' | ' | ' | ' |
Checking, savings and money market accounts, Fair Value | -923,552 | -899,481 | ' | ' |
Estimate Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' | ' |
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' |
Available for sale securities, Fair value | 516,185 | 510,561 | ' | ' |
Loans held for sale, Fair Value | 9,507 | 4,866 | ' | ' |
Loans, net, Carrying Value | 9,507 | 4,866 | ' | ' |
FHLB stock, Carrying Value | ' | ' | ' | ' |
FHLB stock, Fair Value | ' | ' | ' | ' |
Accrued interest receivable, Fair Value | 2,513 | 2,584 | ' | ' |
Certificates of deposit, Fair Value | -457,181 | -500,651 | ' | ' |
FHLB advances, Fair Value | -69,647 | -55,327 | ' | ' |
Repurchase agreements and other, Fair Value | -96,904 | -98,462 | ' | ' |
Advance payments by borrowers for taxes and insurance, Fair Value | -12,708 | -20,060 | ' | ' |
Accrued interest payable, Fair Value | -573 | -550 | ' | ' |
Estimate Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' | ' |
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' |
Loans, net, Carrying Value | 1,096,670 | ' | ' | ' |
FHLB stock, Carrying Value | ' | 1,031,491 | ' | ' |
FHLB stock, Carrying Value | ' | ' | ' | ' |
FHLB stock, Fair Value | ' | ' | ' | ' |
Accrued interest receivable, Fair Value | 3,249 | 3,110 | ' | ' |
Interest rate caps, Fair Value | 214 | 546 | ' | ' |
Estimate Fair Value [Member] | Purchased Certificate of Deposit Option [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' | ' |
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' |
Certificate of deposit option, Fair Value | 489 | 155 | ' | ' |
Estimate Fair Value [Member] | Written Certificate of Deposit Option [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' | ' |
Fair Value Inputs Assets Liabilities Quantitative Information [Line Items] | ' | ' | ' | ' |
Certificate of deposit option, Fair Value | ($489) | ($155) | ' | ' |
Recovered_Sheet5
Statement of Cash Flows Supplemental Disclosure - Supplemental Disclosures of Cash Flow Information (Detail) (USD $) | 3 Months Ended | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Supplemental Cash Flow Information [Abstract] | ' | ' | ' |
Interest on deposits and borrowings | ' | $6,150 | $6,836 |
Income taxes | ' | ' | 150 |
Supplemental schedule of noncash activities: | ' | ' | ' |
Transfers from loans to real estate owned and other repossessed assets | ' | 853 | 1,053 |
Amortization of preferred stock discount | 5,930 | ' | 6,751 |
Conversion of preferred stock to common stock | ' | ' | $21,841 |
Earnings_Per_Share_Additional_
Earnings Per Share - Additional Information (Detail) (USD $) | 0 Months Ended | 3 Months Ended | 6 Months Ended | ||
Mar. 22, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Earnings Per Share [Abstract] | ' | ' | ' | ' | ' |
Anti-dilutive convertible preferred stock | 7,942 | 87,315 | 380,946 | 87,315 | 380,946 |
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 | 6 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Net income per consolidated statements of income | $42,404 | $3,389 | $44,498 | $6,071 |
Net income allocated to participating securities | -235 | -9 | -232 | -19 |
Amortization of discount on preferred stock | ' | -5,930 | ' | -6,751 |
Net income allocated to common stock | 42,169 | -2,550 | 44,266 | -699 |
Distributed earnings allocated to common stock | ' | ' | ' | ' |
Undistributed earnings allocated to common stock | 42,169 | -2,550 | 44,266 | -699 |
Net income allocated to common stock | 42,169 | -2,550 | 44,266 | -699 |
Weighted average common shares outstanding, including shares considered participating securities | 50,554 | 43,276 | 50,481 | 38,509 |
Less: Average participating securities | -280 | -116 | -263 | -121 |
Weighted average shares | 50,274 | 43,160 | 50,218 | 38,388 |
Basic earnings per common share | $0.84 | ($0.06) | $0.88 | ($0.02) |
Net income allocated to common stock | $42,169 | ($2,550) | $44,266 | ($699) |
Weighted average common shares outstanding for basic earnings per common share | 50,274 | 43,160 | 50,218 | 38,388 |
Add: Dilutive effects of assumed exercises of stock options | 222 | ' | 221 | ' |
Weighted average shares and dilutive potential common shares | 50,496 | 43,160 | 50,439 | 38,388 |
Diluted earnings per common share | $0.84 | ($0.06) | $0.88 | ($0.02) |
Earnings_Per_Share_Summary_of_
Earnings Per Share - Summary of BCF Resulting from Issuance of Preferred Shares (Detail) (USD $) | 6 Months Ended |
In Thousands, except Share data, unless otherwise specified | Jun. 30, 2014 |
Earnings Per Share [Abstract] | ' |
Total common shares that may be issued upon conversion of preferred shares | 7,942,000 |
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 $) | 6 Months Ended |
Jun. 30, 2014 | |
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 |
Recovered_Sheet6
Other Comprehensive Income (Loss) - Additional Information (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Amounts Reclassified Out Of Accumulated Other Comprehensive Income Loss [Abstract] | ' | ' | ' | ' |
Reclassification of gains or (losses) and impairment charges on sales of securities | $31,000 | $1,857,000 | $34,000 | $2,578,000 |
Other than temporary impairment of securities available for sale | 0 | 0 | 0 | 0 |
Disproportional tax effects in accumulated other comprehensive income (loss) | ' | ' | ($16,600,000) | ' |
Recovered_Sheet7
Other Comprehensive Income (Loss) - Other Comprehensive Income (Loss) Components and Related Tax Effects (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Equity [Abstract] | ' | ' | ' | ' |
Unrealized holding gain (loss) on securities available for sale | $11,716 | ($31,065) | $24,287 | ($33,307) |
Unrealized holding gain (loss) on postretirement benefits | ' | ' | ' | ' |
Reclassification adjustment for (gains) losses realized in income | -31 | -1,857 | -34 | -2,578 |
Net unrealized gains | 11,685 | -32,922 | 24,253 | -35,885 |
Tax effect, including tax effect attributable to reversal of prior quarter's deferred tax valuation allowance | -8,489 | ' | -8,489 | ' |
Net of tax amount | $3,196 | ($32,922) | $15,764 | ($35,885) |
Other_Comprehensive_Income_Los2
Other Comprehensive Income (Loss) - Summary of Accumulated Other Comprehensive Income (Loss) Balances, Net of Tax (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Equity [Abstract] | ' | ' | ' | ' |
Unrealized gains (losses) on securities available for sale, Beginning Balance | ' | ' | ($43,364) | $5,082 |
Unrealized gains (losses) on securities available for sale, Current Period Change | 3,196 | -32,922 | 15,764 | -35,885 |
Unrealized gains (losses) on securities available for sale, Ending Balance | -27,600 | -30,803 | -27,600 | -30,803 |
Unrealized gains (losses) on post-retirement benefits, Beginning Balance | ' | ' | 1,699 | 1,600 |
Unrealized gains (losses) on post-retirement benefits, Current Period Change | ' | ' | ' | ' |
Unrealized gains (losses) on post-retirement benefits, Ending Balance | 1,699 | 1,600 | 1,699 | 1,600 |
Total, Beginning Balance | ' | ' | -41,665 | 6,682 |
Total, Current Period Change | 3,196 | -32,922 | 15,764 | -35,885 |
Total, Ending Balance | ($25,901) | ($29,203) | ($25,901) | ($29,203) |
Other_Comprehensive_Income_Los3
Other Comprehensive Income (Loss) - Summary of Each Component of Accumulated Other Comprehensive Income (Loss), Net Income (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Amounts Reclassified Out Of Accumulated Other Comprehensive Income Loss [Abstract] | ' | ' | ' | ' |
Unrealized gains/losses on Available for Sale Securities, Beginning Balance | ($30,796) | $2,119 | ($43,364) | $5,082 |
Other comprehensive income before reclassification, net of tax, Unrealized gains/losses on Available for Sale Securities | 3,216 | -31,065 | 15,786 | -33,307 |
Amounts reclassified from accumulated other comprehensive income, net of tax, Unrealized gains/losses on Available for Sale Securities | -20 | -1,857 | -22 | -2,578 |
Unrealized gains (losses) on securities available for sale, Current Period Change | 3,196 | -32,922 | 15,764 | -35,885 |
Unrealized gains/losses on Available for Sale Securities, Ending Balance | -27,600 | -30,803 | -27,600 | -30,803 |
Postretirement Benefits, Beginning Balance | 1,699 | 1,600 | 1,699 | 1,600 |
Other comprehensive income before reclassification, net of tax, Postretirement Benefits | ' | ' | ' | ' |
Amounts reclassified from accumulated other comprehensive income, net of tax, Postretirement Benefits | ' | ' | ' | ' |
Net current period other comprehensive income, net of tax, Postretirement Benefits | ' | ' | ' | ' |
Postretirement Benefits, Ending Balance | 1,699 | 1,600 | 1,699 | 1,600 |
Total, Beginning Balance | -29,097 | 3,719 | -41,665 | 6,682 |
Other comprehensive income before reclassification, net of tax, Total | 3,216 | -31,065 | 15,786 | -33,307 |
Amounts reclassified from accumulated other comprehensive income, net of tax, Total | ' | ' | -22 | ' |
Amounts reclassified from accumulated other comprehensive income, Total | -31 | -1,857 | -34 | -2,578 |
Amounts reclassified from accumulated other comprehensive income, net of tax, Total | -20 | -1,857 | -22 | -2,578 |
Net of tax amount | 3,196 | -32,922 | 15,764 | -35,885 |
Total, Ending Balance | ($25,901) | ($29,203) | ($25,901) | ($29,203) |
Other_Comprehensive_Income_Los4
Other Comprehensive Income (Loss) - Summary of Reclassification Out of Each Component of Accumulated Comprehensive Income (Loss) (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Equity [Abstract] | ' | ' | ' | ' |
Amounts reclassified from accumulated other comprehensive income, Total | ($31) | ($1,857) | ($34) | ($2,578) |
Realized net gains on the sale of available for sale securities, tax expense (benefit) | 11 | ' | 12 | ' |
Realized net gains on the sale of available for sale securities, gains on securities available for sale, net of tax | -20 | -1,857 | -22 | -2,578 |
Total reclassification during the period | ($20) | ($1,857) | ($22) | ($2,578) |
Recovered_Sheet8
Regulatory Capital Requirements - Actual and Statutory Required Capital Amounts and Ratios (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Actual [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total risk-based capital to risk-weighted assets | $223,734 | $200,835 |
Tier 1 capital to risk-weighted assets | 210,515 | 188,029 |
Tier 1 capital to average total assets | 210,515 | 188,029 |
Total risk-based capital to risk-weighted assets, ratio | 21.26% | 19.76% |
Tier 1 capital to risk-weighted assets, ratio | 20.00% | 18.50% |
Tier 1 capital to average total assets, ratio | 12.05% | 10.50% |
Minimum Capital Requirements Per Regulation [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total risk-based capital to risk-weighted assets | 84,201 | 81,293 |
Tier 1 capital to risk-weighted assets | ' | ' |
Tier 1 capital to average total assets | 69,872 | 71,611 |
Total risk-based capital to risk-weighted assets, ratio | 8.00% | 8.00% |
Tier 1 capital to risk-weighted assets, ratio | ' | ' |
Tier 1 capital to average total assets, ratio | 4.00% | 4.00% |
To be Well Capitalized Under Prompt Corrective Action Provisions [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total risk-based capital to risk-weighted assets | 105,251 | 101,616 |
Tier 1 capital to risk-weighted assets | 63,151 | 60,969 |
Tier 1 capital to average total assets | $87,340 | $89,514 |
Total risk-based capital to risk-weighted assets, ratio | 10.00% | 10.00% |
Tier 1 capital to risk-weighted assets, ratio | 6.00% | 6.00% |
Tier 1 capital to average total assets, ratio | 5.00% | 5.00% |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 6 Months Ended | 12 Months Ended |
In Millions, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Income Tax Disclosure [Line Items] | ' | ' |
Deferred tax asset, gross | $30.20 | $42.80 |
Reversal of valuation allowance on net deferred tax allowance | 40.3 | ' |
Expected reversal of valuation allowance on net deferred tax allowance | 2.5 | ' |
Tax (benefit) at statutory rate, rate | 35.00% | 35.00% |
Operating Income (Loss) [Member] | ' | ' |
Income Tax Disclosure [Line Items] | ' | ' |
Reversal of valuation allowance on net deferred tax allowance | 1.6 | ' |
Management's change in judgment [Member] | ' | ' |
Income Tax Disclosure [Line Items] | ' | ' |
Reversal of valuation allowance on net deferred tax allowance | $38.70 | ' |
Income_Taxes_Significant_Compo
Income Taxes - Significant Components of Deferred Tax Assets and Liabilities (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Deferred tax assets: | ' | ' |
Loan loss reserves | $6,393 | $7,391 |
Postretirement benefits | 1,113 | 1,162 |
Other real estate owned valuation | 1,247 | 1,421 |
Tax credits carryforward | 529 | 339 |
Securities impairment charges | 150 | 153 |
Unrealized loss on securities available for sale | 5,649 | 14,138 |
Interest on nonaccrual loans | 910 | 758 |
Net operating loss carryforward | 23,558 | 26,708 |
Purchase accounting adjustment | 76 | 70 |
Accrued bonuses | 149 | 456 |
Other | 686 | 295 |
Less: Valuation allowance | -2,481 | -42,802 |
Deferred tax assets | 37,979 | 10,089 |
Deferred tax liabilities: | ' | ' |
Deferred loan fees | 378 | 405 |
Federal Home Loan Bank stock dividends | 4,585 | 6,715 |
Mortgage servicing rights | 1,978 | 2,079 |
Postretirement benefits accrual | 640 | 640 |
Prepaid expenses | 206 | 250 |
Deferred tax liabilities | 7,787 | 10,089 |
Net deferred tax asset | $30,192 | ' |
Capital_Raise_Additional_Infor
Capital Raise - Additional Information (Detail) (USD $) | 0 Months Ended | 6 Months Ended | 0 Months Ended | 6 Months Ended | 0 Months Ended | ||
Apr. 26, 2013 | Mar. 22, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jan. 11, 2013 | Jun. 30, 2013 | Jan. 11, 2013 | |
Common Stock [Member] | Common Stock [Member] | Convertible Preferred Stock [Member] | |||||
Investor | |||||||
Number of accredited Investors | ' | ' | ' | ' | 28 | ' | ' |
Aggregate Value | ' | ' | ' | $21,841,000 | $39,900,000 | $6,751,000 | ' |
Newly Created and Issued Shares | ' | ' | ' | ' | 6,574,272 | ' | 7,942 |
Purchase price | $2.75 | ' | ' | ' | $2.75 | ' | ' |
Purchases price per share | ' | ' | ' | ' | ' | ' | $2,750 |
Amount Received | ' | 39,900,000 | ' | ' | ' | ' | ' |
Number of preferred shares converted to common shares | ' | 1,000 | ' | ' | ' | ' | ' |
Preferred Dividends | ' | ' | 0 | ' | ' | ' | ' |
Investment of insider investments | ' | ' | ' | ' | 2,100,000 | ' | ' |
Newly issued common stock | ' | ' | ' | ' | 755,820 | ' | ' |
Right to purchase share, Value | 5,000,000 | ' | ' | ' | ' | ' | ' |
Issuable shares | 1,818,181 | ' | ' | ' | ' | ' | ' |
Rights offering closing date | 28-May-13 | ' | ' | ' | ' | ' | ' |
Capital Raise aggregate value | ' | ' | $4,600,000 | ' | ' | ' | ' |