Document_And_Entity_Informatio
Document And Entity Information | 6 Months Ended | |
Jun. 30, 2014 | Aug. 06, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'FARMERS CAPITAL BANK CORP | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 7,484,702 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0000713095 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 30-Jun-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
Unaudited_Condensed_Consolidat
Unaudited Condensed Consolidated Balance Sheets (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Cash and cash equivalents: | ' | ' |
Cash and due from banks | $26,874 | $22,925 |
Interest bearing deposits in other banks | 39,352 | 41,749 |
Federal funds sold and securities purchased under agreements to resell | 2,761 | 3,579 |
Total cash and cash equivalents | 68,987 | 68,253 |
Investment securities: | ' | ' |
Available for sale, amortized cost of $608,533 (2014) and $618,395 (2013) | 616,256 | 612,820 |
Held to maturity, fair value of $3,963 (2014) and $827 (2013) | 3,814 | 765 |
Total investment securities | 620,070 | 613,585 |
Loans, net of unearned income | 970,179 | 999,883 |
Allowance for loan losses | -17,123 | -20,577 |
Loans, net | 953,056 | 979,306 |
Premises and equipment, net | 35,912 | 36,273 |
Company-owned life insurance | 29,359 | 28,899 |
Intangible assets, net | 652 | 854 |
Other real estate owned | 39,034 | 37,826 |
Other assets | 38,113 | 44,559 |
Total assets | 1,785,183 | 1,809,555 |
Deposits: | ' | ' |
Noninterest bearing | 279,765 | 277,294 |
Interest bearing | 1,102,908 | 1,132,921 |
Total deposits | 1,382,673 | 1,410,215 |
Federal funds purchased and other short-term borrowings | 24,230 | 29,123 |
Securities sold under agreements to repurchase and other long-term borrowings | 127,797 | 127,880 |
Subordinated notes payable to unconsolidated trusts | 48,970 | 48,970 |
Dividends payable | 225 | 188 |
Other liabilities | 25,319 | 23,124 |
Total liabilities | 1,609,214 | 1,639,500 |
Shareholders’ Equity | ' | ' |
Common stock, par value $.125 per share 14,608,000 shares authorized; 7,483,967 and 7,478,706 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively | 935 | 935 |
Capital surplus | 51,220 | 51,102 |
Retained earnings | 98,336 | 91,242 |
Accumulated other comprehensive income (loss) | 5,478 | -3,212 |
Total shareholders’ equity | 175,969 | 170,055 |
Total liabilities and shareholders’ equity | 1,785,183 | 1,809,555 |
Series A Preferred Stock [Member] | ' | ' |
Shareholders’ Equity | ' | ' |
Preferred stock, no par value 1,000,000 shares authorized; 20,000 and 30,000 Series A shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively; Liquidation preference of $20,000 at June 30, 2014 | $20,000 | $29,988 |
Unaudited_Condensed_Consolidat1
Unaudited Condensed Consolidated Balance Sheets (Parentheticals) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Available for sale, amortized cost (in Dollars) | $608,533 | $618,395 |
Held to maturity, fair value (in Dollars) | 3,963 | 827 |
Common stock, par value per share (in Dollars per share) | $0.13 | $0.13 |
Common stock, shares authorized | 14,608,000 | 14,608,000 |
Common stock, shares issued | 7,483,967 | 7,478,706 |
Common stock, shares outstanding | 7,483,967 | 7,478,706 |
Series A Preferred Stock [Member] | ' | ' |
Preferred stock, par value (in Dollars per share) | $0 | $0 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, Series A shares issued | 20,000 | 30,000 |
Preferred stock, Series A shares outstanding | 20,000 | 30,000 |
Preferred stock, Liquidation preference (in Dollars) | $20,000 | ' |
Unaudited_Condensed_Consolidat2
Unaudited Condensed Consolidated Statements of Income (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 | ' | ' | ' | ' |
Interest and fees on loans | $12,676 | $13,491 | $25,318 | $27,022 |
Interest on investment securities: | ' | ' | ' | ' |
Taxable | 2,980 | 2,459 | 6,060 | 5,021 |
Nontaxable | 637 | 642 | 1,261 | 1,256 |
Interest on deposits in other banks | 37 | 38 | 64 | 72 |
Interest on federal funds sold and securities purchased under agreements to resell | 1 | 1 | 2 | 2 |
Total interest income | 16,331 | 16,631 | 32,705 | 33,373 |
Interest Expense | ' | ' | ' | ' |
Interest on deposits | 1,104 | 1,524 | 2,307 | 3,187 |
Interest on federal funds purchased and other short-term borrowings | 11 | 20 | 30 | 39 |
Interest on securities sold under agreements to repurchase and other long-term borrowings | 1,279 | 1,278 | 2,543 | 2,545 |
Interest on subordinated notes payable to unconsolidated trusts | 210 | 216 | 419 | 433 |
Total interest expense | 2,604 | 3,038 | 5,299 | 6,204 |
Net interest income | 13,727 | 13,593 | 27,406 | 27,169 |
Provision for loan losses | -1,388 | -362 | -1,256 | -994 |
Net interest income after provision for loan losses | 15,115 | 13,955 | 28,662 | 28,163 |
Noninterest Income | ' | ' | ' | ' |
Service charges and fees on deposits | 1,991 | 2,018 | 3,907 | 3,978 |
Allotment processing fees | 1,274 | 1,241 | 2,519 | 2,507 |
Other service charges, commissions, and fees | 1,399 | 1,264 | 2,634 | 2,456 |
Trust income | 523 | 470 | 1,068 | 954 |
Investment securities losses, net | -84 | -60 | -75 | -60 |
Gains on sale of mortgage loans, net | 123 | 292 | 220 | 631 |
Income from company-owned life insurance | 233 | 232 | 479 | 472 |
Other | 532 | -16 | 612 | -86 |
Total noninterest income | 5,991 | 5,441 | 11,364 | 10,852 |
Noninterest Expense | ' | ' | ' | ' |
Salaries and employee benefits | 7,342 | 7,231 | 14,693 | 14,555 |
Occupancy expenses, net | 1,209 | 1,165 | 2,491 | 2,331 |
Equipment expenses | 593 | 579 | 1,187 | 1,141 |
Data processing and communication expenses | 969 | 945 | 1,974 | 2,043 |
Bank franchise tax | 610 | 610 | 1,222 | 1,200 |
Amortization of intangibles | 101 | 135 | 202 | 270 |
Deposit insurance expense | 461 | 497 | 901 | 1,139 |
Other real estate expenses, net | 938 | 1,485 | 2,002 | 2,377 |
Other | 2,100 | 2,075 | 4,081 | 4,175 |
Total noninterest expense | 14,323 | 14,722 | 28,753 | 29,231 |
Income before income taxes | 6,783 | 4,674 | 11,273 | 9,784 |
Income tax expense | 1,959 | 1,127 | 3,079 | 2,445 |
Net income | 4,824 | 3,547 | 8,194 | 7,339 |
Less preferred stock dividends and discount accretion | 563 | 487 | 1,100 | 972 |
Net income available to common shareholders | $4,261 | $3,060 | $7,094 | $6,367 |
Per Common Share | ' | ' | ' | ' |
Net income - basic and diluted (in Dollars per share) | $0.57 | $0.41 | $0.95 | $0.85 |
Cash dividends declared (in Dollars per share) | $0 | $0 | $0 | $0 |
Weighted Average Common Shares Outstanding | ' | ' | ' | ' |
Basic and diluted (in Shares) | 7,482 | 7,473 | 7,481 | 7,471 |
Unaudited_Condensed_Consolidat3
Unaudited Condensed Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Net Income | $4,824 | $3,547 | $8,194 | $7,339 |
Other comprehensive income (loss): | ' | ' | ' | ' |
Unrealized holding gain (loss) on available for sale securities arising during the period on securities held at end of period, net of tax of $2,678, $(5,519), $4,618 and $(6,024), respectively | 4,973 | -10,250 | 8,577 | -11,188 |
Reclassification adjustment for prior period unrealized (gain) loss previously reported in other comprehensive income recognized during current period, net of tax of $8, $22, $(36) and $18, respectively | -15 | -40 | 67 | -33 |
Change in unfunded portion of postretirement benefit obligation, net of tax of $13, $23, $25 and $46, respectively | 23 | 44 | 46 | 88 |
Other comprehensive income (loss) | 4,981 | -10,246 | 8,690 | -11,133 |
Comprehensive income (loss) | $9,805 | ($6,699) | $16,884 | ($3,794) |
Unaudited_Condensed_Consolidat4
Unaudited Condensed Consolidated Statements of Comprehensive Income (Parentheticals) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Tax on net unrealized holding gain (loss) on available for sale securities arising during the period | $2,678 | ($5,519) | $4,618 | ($6,024) |
Tax on reclassification adjustment for prior period unrealized (gain) loss recognized during current period | 8 | 22 | -36 | 18 |
Tax on change in unfunded portion of postretirement benefit obligation | $13 | $23 | $25 | $46 |
Unaudited_Condensed_Consolidat5
Unaudited Condensed Consolidated Statements of Changes in Shareholders’ Equity (USD $) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Total |
In Thousands | ||||||
Balance at Dec. 31, 2012 | $29,537 | $934 | $50,934 | $79,747 | $6,869 | $168,021 |
Balance (in Shares) at Dec. 31, 2012 | ' | 7,470 | ' | ' | ' | ' |
Net income | ' | ' | ' | 7,339 | ' | 7,339 |
Other comprehensive income (loss) | ' | ' | ' | ' | -11,133 | -11,133 |
Cash dividends declared-preferred | ' | ' | ' | -750 | ' | -750 |
Preferred stock discount accretion | 222 | ' | ' | -222 | ' | ' |
Shares issued pursuant to employee stock purchase plan | ' | ' | 69 | ' | ' | 69 |
Shares issued pursuant to employee stock purchase plan (in Shares) | ' | 5 | ' | ' | ' | ' |
Expense related to employee stock purchase plan | ' | ' | 19 | ' | ' | 19 |
Balance at Jun. 30, 2013 | 29,759 | 934 | 51,022 | 86,114 | -4,264 | 163,565 |
Balance (in Shares) at Jun. 30, 2013 | ' | 7,475 | ' | ' | ' | ' |
Balance at Dec. 31, 2013 | 29,988 | 935 | 51,102 | 91,242 | -3,212 | 170,055 |
Balance (in Shares) at Dec. 31, 2013 | ' | 7,479 | ' | ' | ' | ' |
Net income | ' | ' | ' | 8,194 | ' | 8,194 |
Other comprehensive income (loss) | ' | ' | ' | ' | 8,690 | 8,690 |
Cash dividends declared-preferred | ' | ' | ' | -1,088 | ' | -1,088 |
Preferred stock discount accretion | 12 | ' | ' | -12 | ' | ' |
Redemption of preferred stock | -10,000 | ' | ' | ' | ' | -10,000 |
Shares issued under director compensation plan | ' | ' | 36 | ' | ' | 36 |
Shares issued under director compensation plan (in Shares) | ' | 2 | ' | ' | ' | ' |
Shares issued pursuant to employee stock purchase plan | ' | ' | 63 | ' | ' | 63 |
Shares issued pursuant to employee stock purchase plan (in Shares) | ' | 3 | ' | ' | ' | ' |
Expense related to employee stock purchase plan | ' | ' | 19 | ' | ' | 19 |
Balance at Jun. 30, 2014 | $20,000 | $935 | $51,220 | $98,336 | $5,478 | $175,969 |
Balance (in Shares) at Jun. 30, 2014 | ' | 7,484 | ' | ' | ' | ' |
Unaudited_Condensed_Consolidat6
Unaudited Condensed Consolidated Statements of Changes in Shareholders’ Equity (Parentheticals) (USD $) | 6 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | |
Preferred stock dividends, per share | $40 | $25 |
Unaudited_Condensed_Consolidat7
Unaudited Condensed Consolidated Statements of Cash Flows (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Cash Flows from Operating Activities | ' | ' |
Net income | $8,194 | $7,339 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 2,012 | 1,976 |
Net premium amortization of investment securities: | ' | ' |
Provision for loan losses | -1,256 | -994 |
Deferred income tax expense | 2 | 237 |
Mortgage loans originated for sale | -12,584 | -29,859 |
Proceeds from sale of mortgage loans | 16,156 | 29,973 |
Gain on sale of mortgage loans, net | -220 | -631 |
(Gain) loss on disposal and write downs of premises and equipment, net | -5 | 31 |
Net loss on sale and write downs of other real estate | 1,508 | 1,782 |
Net loss on sale of available for sale investment securities | 75 | 60 |
Increase in cash surrender value of company-owned life insurance | -460 | -449 |
Decrease in accrued interest receivable | 231 | 319 |
Decrease in other assets | 977 | 383 |
Decrease in accrued interest payable | -72 | -60 |
Increase in other liabilities | 2,337 | 700 |
Net cash provided by operating activities | 18,861 | 13,644 |
Cash Flows from Investing Activities | ' | ' |
Proceeds from maturities and calls of available for sale investment securities | 41,485 | 71,427 |
Proceeds from sale of available for sale investment securities | 12,104 | 945 |
Purchase of investment securities: | ' | ' |
Available for sale | -45,697 | -80,910 |
Held to maturity | -3,065 | 0 |
Proceeds from sale of restricted stock investments, net | 148 | 0 |
Principal collected (disbursed) on loans originated for investment, net | 18,945 | -2,677 |
Purchase of premises and equipment | -1,350 | -1,612 |
Proceeds from sale of other real estate | 2,803 | 7,255 |
Proceeds from disposals of premises and equipment | 5 | 4 |
Net cash provided by (used in) investing activities | 25,378 | -5,568 |
Cash Flows from Financing Activities | ' | ' |
Net decrease in deposits | -27,542 | -8,295 |
Net (decrease) increase in federal funds purchased and other short-term borrowings | -4,893 | 4,727 |
Proceeds from securities sold under agreements to repurchase and other long-term borrowings | 5 | 0 |
Repayments of securities sold under agreements to repurchase and other long-term borrowings | -88 | -2,093 |
Redemption of preferred stock | -10,000 | 0 |
Dividends paid, preferred | -1,050 | -750 |
Shares issued under employee stock purchase plan | 63 | 69 |
Net cash used in financing activities | -43,505 | -6,342 |
Net increase in cash and cash equivalents | 734 | 1,734 |
Cash and cash equivalents at beginning of year | 68,253 | 95,855 |
Cash and cash equivalents at end of period | 68,987 | 97,589 |
Cash paid during the period for: | ' | ' |
Interest | 5,371 | 6,264 |
Income taxes | 750 | 3,000 |
Transfers from loans to other real estate | 6,668 | 5,279 |
Sale and financing of other real estate | 1,459 | 2,364 |
Cash dividends payable, preferred | 225 | 188 |
Available-for-sale Securities [Member] | ' | ' |
Net premium amortization of investment securities: | ' | ' |
Net premuim amortization of investment securities | 1,895 | 2,818 |
Held-to-maturity Securities [Member] | ' | ' |
Net premium amortization of investment securities: | ' | ' |
Net premuim amortization of investment securities | 16 | 0 |
Employee Stock Purchase Plan Expense [Member] | ' | ' |
Net premium amortization of investment securities: | ' | ' |
Noncash compensation expense | 19 | 19 |
Director Fee Compensation [Member] | ' | ' |
Net premium amortization of investment securities: | ' | ' |
Noncash compensation expense | $36 | $0 |
Note_1_Basis_of_Presentation_a
Note 1 - Basis of Presentation and Nature of Operations | 6 Months Ended |
Jun. 30, 2014 | |
Disclosure Text Block [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
1. Basis of Presentation and Nature of Operations | |
The condensed consolidated financial statements include the accounts of Farmers Capital Bank Corporation (the “Company” or “Parent Company”), a bank holding company, and its bank and nonbank subsidiaries. Bank subsidiaries include Farmers Bank & Capital Trust Company (“Farmers Bank”) in Frankfort, KY, United Bank & Trust Company (“United Bank”) in Versailles, KY, First Citizens Bank (“First Citizens”) in Elizabethtown, KY, and Citizens Bank of Northern Kentucky, Inc. (“Citizens Northern”) in Newport, KY. | |
Farmers Bank’s significant subsidiaries include EG Properties, Inc., Leasing One Corporation (“Leasing One”), and Farmers Capital Insurance Corporation (“Farmers Insurance”). EG Properties, Inc. is involved in real estate management and liquidation for certain repossessed properties of Farmers Bank. Leasing One is a commercial leasing company in Frankfort, KY, and Farmers Insurance is an insurance agency in Frankfort, KY. United Bank has one wholly-owned subsidiary, EGT Properties, Inc. EGT Properties, Inc. is involved in real estate management and liquidation for certain repossessed properties of United Bank. First Citizens has one wholly-owned subsidiary, HBJ Properties, LLC. HBJ Properties, LLC is involved in real estate management and liquidation for certain repossessed properties of First Citizens. Citizens Northern has one wholly-owned subsidiary, ENKY Properties, Inc. ENKY Properties, Inc. is involved in real estate management and liquidation for certain repossessed properties of Citizens Northern. | |
The Company has three active nonbank subsidiaries, FCB Services, Inc. (“FCB Services”), FFKT Insurance Services, Inc. (“FFKT Insurance”), and EKT Properties, Inc. (“EKT”). FCB Services is a data processing subsidiary located in Frankfort, KY that provides services to the Company’s banks as well as unaffiliated entities. FFKT Insurance is a captive property and casualty insurance company insuring primarily deductible exposures and uncovered liability related to properties of the Company. EKT was formed to manage and liquidate certain real estate properties repossessed by the Company. The Company has three subsidiaries organized as Delaware statutory trusts that are not consolidated into its financial statements. These trusts were formed for the purpose of issuing trust preferred securities. All significant intercompany transactions and balances are eliminated in consolidation. | |
The Company provides financial services at its 36 locations in 23 communities throughout Central and Northern Kentucky to individual, business, agriculture, government, and educational customers. Its primary deposit products are checking, savings, and term certificate accounts. Its primary lending products are residential mortgage, commercial lending, and consumer installment loans. Substantially all loans and leases are secured by specific items of collateral including business assets, consumer assets, and commercial and residential real estate. Commercial loans and leases are expected to be repaid from cash flow from operations of businesses. Other services include, but are not limited to, cash management services, issuing letters of credit, safe deposit box rental, and providing funds transfer services. Other financial instruments, which potentially represent concentrations of credit risk, include deposit accounts in other financial institutions and federal funds sold. | |
The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates used in the preparation of the condensed financial statements are based on various factors including the current interest rate environment and the general strength of the local and state economy. Changes in the overall interest rate environment can significantly affect the Company’s net interest income and the value of its recorded assets and liabilities. Actual results could differ from those estimates used in the preparation of the condensed financial statements. The allowance for loan losses, carrying value of other real estate owned, actuarial assumptions used to calculate postretirement benefits, and the fair values of financial instruments are estimates that are particularly subject to change. | |
The consolidated balance sheet as of December 31, 2013 has been derived from the audited financial statements of the Company as of that date. For further information, refer to the consolidated financial statements and footnotes thereto for the year ended December 31, 2013 included in the Company’s annual report on Form 10-K. The accompanying condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X and do not include all of the information and the footnotes required by U.S. GAAP for complete statements. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of such condensed financial statements, have been included. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year. All significant intercompany transactions and balances are eliminated in consolidation. | |
For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2013. |
Note_2_Reclassifications
Note 2 - Reclassifications | 6 Months Ended |
Jun. 30, 2014 | |
Disclosure Text Block [Abstract] | ' |
Reclassifications [Text Block] | ' |
2. Reclassifications | |
Certain reclassifications have been made to the consolidated financial statements of prior periods to conform to the current period presentation. These reclassifications do not affect net income or total shareholders’ equity as previously reported. |
Note_3_Accumulated_Other_Compr
Note 3 - Accumulated Other Comprehensive Income | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||
Comprehensive Income (Loss) Note [Text Block] | ' | ||||||||||||||||||||||||
3. Accumulated Other Comprehensive Income | |||||||||||||||||||||||||
The following table presents changes in accumulated other comprehensive income by component, net of tax, for the periods indicated. | |||||||||||||||||||||||||
Three months ended June 30, | 2014 | 2013 | |||||||||||||||||||||||
(In thousands) | Unrealized | Postretirement | Total | Unrealized | Total | ||||||||||||||||||||
Gains and | Benefit | Gains and | Postretirement | ||||||||||||||||||||||
Losses on | Obligation | Losses on | Benefit | ||||||||||||||||||||||
Available for | Available for | Obligation | |||||||||||||||||||||||
Sale | Sale | ||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||
Securities | Securities | ||||||||||||||||||||||||
Beginning balance | $ | 63 | $ | 434 | $ | 497 | $ | 8,480 | $ | (2,498 | ) | $ | 5,982 | ||||||||||||
Other comprehensive income (loss) before reclassifications | 4,973 | - | 4,973 | (10,250 | ) | - | (10,250 | ) | |||||||||||||||||
Amounts reclassified from accumulated other comprehensive income | (15 | ) | 23 | 8 | (40 | ) | 44 | 4 | |||||||||||||||||
Net current-period other comprehensive income (loss) | 4,958 | 23 | 4,981 | (10,290 | ) | 44 | (10,246 | ) | |||||||||||||||||
Ending balance | $ | 5,021 | $ | 457 | $ | 5,478 | $ | (1,810 | ) | $ | (2,454 | ) | $ | (4,264 | ) | ||||||||||
Six months ended June 30, | 2014 | 2013 | |||||||||||||||||||||||
(In thousands) | Unrealized | Postretirement | Total | Unrealized | Postretirement | Total | |||||||||||||||||||
Gains and | Benefit | Gains and | Benefit | ||||||||||||||||||||||
Losses on | Obligation | Losses on | Obligation | ||||||||||||||||||||||
Available for | Available for | ||||||||||||||||||||||||
Sale | Sale | ||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||
Securities | Securities | ||||||||||||||||||||||||
Beginning balance | $ | (3,623 | ) | $ | 411 | $ | (3,212 | ) | $ | 9,411 | $ | (2,542 | ) | $ | 6,869 | ||||||||||
Other comprehensive income (loss) before reclassifications | 8,577 | - | 8,577 | (11,188 | ) | - | (11,188 | ) | |||||||||||||||||
Amounts reclassified from accumulated other comprehensive income | 67 | 46 | 113 | (33 | ) | 88 | 55 | ||||||||||||||||||
Net current-period other comprehensive income (loss) | 8,644 | 46 | 8,690 | (11,221 | ) | 88 | (11,133 | ) | |||||||||||||||||
Ending balance | $ | 5,021 | $ | 457 | $ | 5,478 | $ | (1,810 | ) | $ | (2,454 | ) | $ | (4,264 | ) | ||||||||||
The following table presents amounts reclassified out of accumulated other comprehensive income by component for the period indicated. Line items in the statement of income affected by the reclassification are also presented. | |||||||||||||||||||||||||
Amount Reclassified from Accumulated Other | Affected Line Item in the | ||||||||||||||||||||||||
Comprehensive Income | Statement Where Net Income is | ||||||||||||||||||||||||
Presented | |||||||||||||||||||||||||
Three months ended | Six months ended | ||||||||||||||||||||||||
June 30, | June 30, | ||||||||||||||||||||||||
(In thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
Unrealized gains and losses on available for sale investment securities | $ | 23 | $ | 62 | $ | (103 | ) | $ | 51 | Investment securities losses, net | |||||||||||||||
(8 | ) | (22 | ) | 36 | (18 | ) | Income tax expense | ||||||||||||||||||
$ | 15 | $ | 40 | $ | (67 | ) | $ | 33 | Net of tax | ||||||||||||||||
Amortization related to postretirement benefits | |||||||||||||||||||||||||
Prior service costs | $ | (52 | ) | $ | (64 | ) | $ | (104 | ) | $ | (128 | ) | Salaries and employee benefits | ||||||||||||
Actuarial gains (losses) | 16 | (3 | ) | 33 | (6 | ) | Salaries and employee benefits | ||||||||||||||||||
(36 | ) | (67 | ) | (71 | ) | (134 | ) | Total before tax | |||||||||||||||||
13 | 23 | 25 | 46 | Income tax benefit | |||||||||||||||||||||
$ | (23 | ) | $ | (44 | ) | $ | (46 | ) | $ | (88 | ) | Net of tax | |||||||||||||
Total reclassifications for the period | $ | (8 | ) | $ | (4 | ) | $ | (113 | ) | $ | (55 | ) | Net of tax | ||||||||||||
Note_4_Accounting_Policy
Note 4 - Accounting Policy | 6 Months Ended | ||
Jun. 30, 2014 | |||
Accounting Policies [Abstract] | ' | ||
Significant Accounting Policies [Text Block] | ' | ||
4. Accounting Policy | |||
Loans and Interest Income | |||
Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at their unpaid principal amount outstanding adjusted for any charge-offs and deferred fees or costs on originated loans. Interest income on loans is recognized using the interest method based on loan principal amounts outstanding during the period. Interest income also includes amortization and accretion of any premiums or discounts over the expected life of acquired loans at the time of purchase or business acquisition. Loan origination fees, net of certain direct origination costs, are deferred and amortized as yield adjustments over the contractual term of the loans. | |||
The Company disaggregates certain disclosure information related to loans, the related allowance for loan losses, and credit quality measures by either portfolio segment or by loan class. The Company segregates its loan portfolio segments based on similar risk characteristics as follows: real estate loans, commercial loans, and consumer loans. Portfolio segments are further disaggregated into classes for certain required disclosures as follows: | |||
Portfolio Segment | Class | ||
Real estate loans | Real estate mortgage - construction and land development | ||
Real estate mortgage - residential | |||
Real estate mortgage - farmland and other commercial enterprises | |||
Commercial loans | Commercial and industrial | ||
Depository institutions | |||
Agriculture production and other loans to farmers | |||
States and political subdivisions | |||
Leases | |||
Other | |||
Consumer loans | Secured | ||
Unsecured | |||
The Company has a loan policy in place that is amended and approved from time to time as needed to reflect current economic conditions and product offerings in its markets. The policy establishes written procedures concerning areas such as the lending authorities of loan officers, committee review and approval of certain credit requests, underwriting criteria, policy exceptions, appraisal requirements, and loan review. Credit is extended to borrowers based primarily on their ability to repay as demonstrated by income and cash flow analysis. | |||
Loans secured by real estate make up the largest segment of the Company’s loan portfolio. If a borrower fails to repay a loan secured by real estate, the Company may liquidate the collateral in order to satisfy the amount owed. Determining the value of real estate is a key component to the lending process for real estate backed loans. If the fair value of real estate (less estimated cost to sell) securing a collateral dependent loan declines below the outstanding loan amount, the Company will write down the carrying value of the loan and thereby incur a loss. The Company uses independent third party state certified or licensed appraisers in accordance with its loan policy to mitigate risk when underwriting real estate loans. Cash flow analysis of the borrower, loan to value limits as adopted by loan policy, and other customary underwriting standards are also in place which are designed to maximize credit quality and mitigate risks associated with real estate lending. | |||
Commercial loans are made to businesses and are secured mainly by assets such as inventory, accounts receivable, machinery, fixtures and equipment, or other business assets. Commercial lending involves significant risk, as loan repayments are more dependent on the successful operation or management of the business and its cash flows. Consumer lending includes loans to individuals mainly for personal autos, boats, or a variety of other personal uses and may be secured or unsecured. Loan repayment associated with consumer loans is highly dependent upon the borrower’s continuing financial stability, which is heavily influenced by local unemployment rates. The Company mitigates its risk exposure to each of its loan segments by analyzing the borrower’s repayment capacity, imposing restrictions on the amount it will loan compared to estimated collateral values, limiting the payback periods, and following other customary underwriting practices as adopted in its loan policy. | |||
The accrual of interest on loans is discontinued when it is determined that the collection of interest or principal is doubtful, or when a default of interest or principal has existed for 90 days or more, unless such loan is well secured and in the process of collection. Past due status is based on the contractual terms of the loan. Interest accrued but not received for a loan placed on nonaccrual status is reversed against interest income. Cash payments received on nonaccrual loans generally are applied to principal until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. The Company’s policy for placing a loan on nonaccrual status or subsequently returning a loan to accrual status does not differ based on its portfolio class or segment. | |||
Commercial and real estate loans delinquent in excess of 120 days and consumer loans delinquent in excess of 180 days are charged off, unless the collateral securing the debt is of such value that any loss appears to be unlikely. In all cases, loans are charged off at an earlier date if classified as loss under its loan grading process or as a result of regulatory examination. The Company’s charge-off policy for impaired loans does not differ from the charge-off policy for loans outside the definition of impaired. | |||
Provision and Allowance for Loan Losses | |||
The provision for loan losses represents charges or credits made to earnings to maintain an allowance for loan losses at a level considered adequate to provide for probable incurred credit losses at the balance sheet date. The allowance for loan losses is a valuation allowance increased by the provision for loan losses and decreased by net charge-offs. Loan losses are charged against the allowance when management believes the uncollectibility of a loan is confirmed. Subsequent recoveries, if any, are credited to the allowance. | |||
The Company estimates the adequacy of the allowance using a risk-rated methodology which is based on the Company’s past loan loss experience, known and inherent risks in the loan portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral securing loans, composition of the loan portfolio, current economic conditions, and other relevant factors. This evaluation is inherently subjective as it requires significant judgment and the use of estimates that may be susceptible to change. | |||
The allowance for loan losses consists of specific and general components. The specific component relates to loans that are individually classified as impaired. The general component covers non-impaired loans and is based on historical loss experience adjusted for current risk factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged off. Actual loan losses could differ significantly from the amounts estimated by management. | |||
The Company’s risk-rated methodology includes segregating non-impaired watch list and past due loans from the general portfolio and allocating a loss percentage to these loans depending on their status. For example, watch list loans, which may be identified by the internal loan review risk-rating process or by regulatory examiner classification, are assigned a certain loss percentage while loans past due 30 days or more are assigned a different loss percentage. Each of these percentages considers past experience as well as current factors. The remainder of the general loan portfolio is segregated into portfolio segments having similar risk characteristics identified as follows: real estate loans, commercial loans, and consumer loans. Each of these portfolio segments is assigned a loss percentage based on their respective sixteen quarter rolling historical loss rates, adjusted for qualitative risk factors. | |||
The qualitative risk factors used in the methodology are consistent with the guidance in the most recent Interagency Policy Statement on the Allowance for Loan Losses issued. Each factor is supported by a detailed analysis performed at each subsidiary bank and is both measureable and supportable. Some factors include a minimum allocation in some instances where loss levels are extremely low and it is determined to be prudent from a safety and soundness perspective. Qualitative risk factors that are used in the methodology include the following for each loan portfolio segment: | |||
● | Delinquency trends | ||
● | Trends in net charge-offs | ||
● | Trends in loan volume | ||
● | Lending philosophy risk | ||
● | Management experience risk | ||
● | Concentration of credit risk | ||
● | Economic conditions risk | ||
A loan is impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings and classified as impaired. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. | |||
The Company accounts for impaired loans in accordance with Accounting Standards Codification (“ASC”) Topic 310, “Receivables.” ASC Topic 310 requires that impaired loans be measured at the present value of expected future cash flows, discounted at the loan’s effective interest rate, at the loan’s observable market price, or at the fair value of the collateral if the loan is collateral dependent. Impaired loans may also be classified as nonaccrual. In many circumstances, however, the Company continues to accrue interest on an impaired loan. Cash receipts on accruing impaired loans are applied to the recorded investment in the loan, including any accrued interest receivable. Cash payments received on nonaccrual impaired loans generally are applied to principal until qualifying for return to accrual status. Loans that are part of a large group of smaller-balance homogeneous loans, such as residential mortgage, consumer, and smaller-balance commercial loans, are collectively evaluated for impairment. Troubled debt restructurings are measured at the present value of estimated future cash flows using the loan’s effective interest rate at inception, or at the fair value of collateral. The Company determines the amount of reserve for troubled debt restructurings that subsequently default in accordance with its accounting policy for the allowance for loan losses. | |||
Recently Issued AccountingStandards | |||
In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360 - Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. This ASU changes the requirements for reporting discontinued operations and seeks to enhance the FASB and International Accounting Standards Board’s (“IASB”) convergence project regarding such reporting requirements. A discontinued operation may include a component of an entity, a group of components of an entity, a business or a non-profit activity. A disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has, or will have, a major effect on an entity’s operations and financial results. This ASU, which is intended to reduce the frequency of disposals reported as discontinued operations, requires additional disclosures regarding discontinued operations. Those disclosures include among others, the requirement that an entity present, for each comparative period, the assets and liabilities of a disposal group that includes a discontinued operation separately in the asset and liability sections, respectively, of the statement of financial position. | |||
For the Company, the guidance of ASU 2014-08 is effective prospectively for annual periods beginning on or after December 15, 2014, and interim periods within that year. The Company does not expect there to be a material impact on its consolidated financial position, results of operations, or cash flows upon adoption. | |||
In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), as part of a joint project with the IASB to clarify revenue-recognition principles and develop a common revenue standard for U.S. GAAP and International Financial Reporting Standards (“IFRS”). ASU No. 2014-09 is expected to remove inconsistencies and weaknesses in revenue requirements and improve comparability of revenue recognition practices across entities, industries, jurisdictions and capital markets. The scope of the new ASU includes all contracts with customers to provide goods or services in the ordinary course of business, except the following contracts that are specifically excluded from the scope: | |||
● | Lease contracts within the scope of ASC 840 | ||
● | Insurance contracts within the scope of ASC 944 | ||
● | Financial instruments and other contractual rights or obligations (e.g., receivables, debt and equity securities, derivatives) | ||
● | Guarantees (other than product or service warranties) within the scope of ASC 460 | ||
● | Nonmonetary exchanges between entities in the same line of business to facilitate sales to customers other than the parties to the exchange | ||
The primary principle of ASU 2014-09 is that entities 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. To achieve this core principle, the guidance provides that an entity should apply the following steps: (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when, or as, the entity satisfies a performance obligation. | |||
The amendments in this ASU are effective for the Company in annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. Entities should apply the amendments either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying this ASU recognized at the date of initial application. If an entity elects the second method, then it should also provide the additional disclosures in reporting periods that include the date of initial application of (1) the amount by which each financial statement line item is affected in the current reporting period, as compared to the guidance that was in effect before the change, and (2) an explanation of the reasons for significant changes. The Company is currently evaluating the potential impact of ASU 2014-09 on its consolidated financial position, results of operations, and cash flows. | |||
Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows. |
Note_5_Net_Income_Per_Common_S
Note 5 - Net Income Per Common Share | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||||||
5. Net Income Per Common Share | |||||||||||||||||
Basic net income per common share is determined by dividing net income available to common shareholders by the weighted average total number of common shares issued and outstanding. Net income available to common shareholders represents net income adjusted for preferred stock dividends including dividends declared, accretion of discounts on preferred stock issuances, and cumulative dividends related to the current dividend period that have not been declared as of the end of the period. | |||||||||||||||||
Diluted net income per common share is determined by dividing net income available to common shareholders by the total weighted average number of common shares issued and outstanding plus amounts representing the dilutive effect of stock options outstanding. The effects of stock options outstanding are excluded from the computation of diluted earnings per common share in periods in which the effect would be antidilutive. Dilutive potential common shares are calculated using the treasury stock method. | |||||||||||||||||
Net income per common share computations were as follows for the periods indicated. | |||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||
June 30, | June 30, | ||||||||||||||||
(In thousands, except per share data) | 2014 | 2013 | 2014 | 2013 | |||||||||||||
Net income, basic and diluted | $ | 4,824 | $ | 3,547 | $ | 8,194 | $ | 7,339 | |||||||||
Less preferred stock dividends and discount accretion | 563 | 487 | 1,100 | 972 | |||||||||||||
Net income available to common shareholders, basic and diluted | $ | 4,261 | $ | 3,060 | $ | 7,094 | $ | 6,367 | |||||||||
Average common shares issued and outstanding, basic and diluted | 7,482 | 7,473 | 7,481 | 7,471 | |||||||||||||
Net income per common share, basic and diluted | $ | 0.57 | $ | 0.41 | $ | 0.95 | $ | 0.85 | |||||||||
Stock options for 18,049 and 22,049 shares of common stock were not included in the determination of diluted net income per common share for each period in 2014 and 2013, respectively, because they were antidilutive. |
Note_6_Investment_Securities
Note 6 - Investment Securities | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ' | ||||||||||||||||||||||||
6. Investment Securities | |||||||||||||||||||||||||
The following tables summarize the amortized costs and estimated fair value of the securities portfolio at June 30, 2014 and December 31, 2013. The summary is divided into available for sale and held to maturity investment securities. | |||||||||||||||||||||||||
June 30, 2014 (In thousands) | Amortized | Gross | Gross | Estimated | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
Available For Sale | |||||||||||||||||||||||||
Obligations of U.S. government-sponsored entities | $ | 98,241 | $ | 292 | $ | 1,303 | $ | 97,230 | |||||||||||||||||
Obligations of states and political subdivisions | 130,947 | 2,920 | 586 | 133,281 | |||||||||||||||||||||
Mortgage-backed securities – residential | 370,687 | 8,777 | 1,945 | 377,519 | |||||||||||||||||||||
Mortgage-backed securities – commercial | 741 | - | 26 | 715 | |||||||||||||||||||||
Corporate debt securities | 6,925 | 45 | 478 | 6,492 | |||||||||||||||||||||
Mutual funds and equity securities | 992 | 28 | 1 | 1,019 | |||||||||||||||||||||
Total securities – available for sale | $ | 608,533 | $ | 12,062 | $ | 4,339 | $ | 616,256 | |||||||||||||||||
Held To Maturity | |||||||||||||||||||||||||
Obligations of states and political subdivisions | $ | 3,814 | $ | 149 | $ | - | $ | 3,963 | |||||||||||||||||
December 31, 2013 (In thousands) | Amortized | Gross | Gross | Estimated | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
Available For Sale | |||||||||||||||||||||||||
Obligations of U.S. government-sponsored entities | $ | 96,750 | $ | 155 | $ | 3,155 | $ | 93,750 | |||||||||||||||||
Obligations of states and political subdivisions | 132,311 | 2,056 | 2,397 | 131,970 | |||||||||||||||||||||
Mortgage-backed securities – residential | 379,238 | 5,071 | 6,232 | 378,077 | |||||||||||||||||||||
Mortgage-backed securities – commercial | 748 | - | 59 | 689 | |||||||||||||||||||||
Corporate debt securities | 7,266 | 40 | 1,049 | 6,257 | |||||||||||||||||||||
Mutual funds and equity securities | 2,082 | 15 | 20 | 2,077 | |||||||||||||||||||||
Total securities – available for sale | $ | 618,395 | $ | 7,337 | $ | 12,912 | $ | 612,820 | |||||||||||||||||
Held To Maturity | |||||||||||||||||||||||||
Obligations of states and political subdivisions | $ | 765 | $ | 62 | $ | - | $ | 827 | |||||||||||||||||
The amortized cost and estimated fair value of the debt securities portfolio at June 30, 2014, by contractual maturity, are detailed below. The summary is divided into available for sale and held to maturity securities. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Mutual funds and equity securities in the available for sale portfolio consist of investments attributed to the Company’s captive insurance subsidiary. These securities have no stated maturity and are not included in the maturity schedule that follows. | |||||||||||||||||||||||||
Mortgage-backed securities are stated separately due to the nature of payment and prepayment characteristics of these securities, as principal is not due at a single date. | |||||||||||||||||||||||||
Available For Sale | Held To Maturity | ||||||||||||||||||||||||
Amortized | Estimated | Amortized | Estimated | ||||||||||||||||||||||
June 30, 2014 (In thousands) | Cost | Fair Value | Cost | Fair Value | |||||||||||||||||||||
Due in one year or less | $ | 8,368 | $ | 8,391 | $ | - | $ | - | |||||||||||||||||
Due after one year through five years | 123,957 | 124,798 | - | - | |||||||||||||||||||||
Due after five years through ten years | 86,163 | 86,514 | 765 | 846 | |||||||||||||||||||||
Due after ten years | 17,625 | 17,300 | 3,049 | 3,117 | |||||||||||||||||||||
Mortgage-backed securities | 371,428 | 378,234 | - | - | |||||||||||||||||||||
Total | $ | 607,541 | $ | 615,237 | $ | 3,814 | $ | 3,963 | |||||||||||||||||
Gross realized gains and losses on the sale of available for sale investment securities were as follows: | |||||||||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||||||||
June 30, | June 30, | ||||||||||||||||||||||||
(In thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
Gross realized gains | $ | 19 | $ | 3 | $ | 178 | $ | 3 | |||||||||||||||||
Gross realized losses | 103 | 63 | 253 | 63 | |||||||||||||||||||||
Net realized loss | $ | (84 | ) | $ | (60 | ) | $ | (75 | ) | $ | (60 | ) | |||||||||||||
Investment securities with unrealized losses at June 30, 2014 and December 31, 2013 not recognized in income are presented in the tables below. The tables segregate investment securities that have been in a continuous unrealized loss position for less than twelve months from those that have been in a continuous unrealized loss position for twelve months or more. The tables also include the fair value of the related securities. | |||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
June 30, 2014 (In thousands) | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
Obligations of U.S. government-sponsored entities | $ | 3,391 | $ | 12 | $ | 66,769 | $ | 1,291 | $ | 70,160 | $ | 1,303 | |||||||||||||
Obligations of states and political subdivisions | 9,739 | 17 | 31,756 | 569 | 41,495 | 586 | |||||||||||||||||||
Mortgage-backed securities – residential | 10,303 | 37 | 101,240 | 1,908 | 111,543 | 1,945 | |||||||||||||||||||
Mortgage-backed securities – commercial | - | - | 715 | 26 | 715 | 26 | |||||||||||||||||||
Corporate debt securities | - | - | 5,395 | 478 | 5,395 | 478 | |||||||||||||||||||
Mutual funds and equity securities | - | - | 154 | 1 | 154 | 1 | |||||||||||||||||||
Total | $ | 23,433 | $ | 66 | $ | 206,029 | $ | 4,273 | $ | 229,462 | $ | 4,339 | |||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
December 31, 2013 (In thousands) | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
Obligations of U.S. government-sponsored entities | $ | 65,094 | $ | 2,434 | $ | 11,830 | $ | 721 | $ | 76,924 | $ | 3,155 | |||||||||||||
Obligations of states and political subdivisions | 48,715 | 1,594 | 15,095 | 803 | 63,810 | 2,397 | |||||||||||||||||||
Mortgage-backed securities – residential | 219,032 | 5,199 | 16,306 | 1,033 | 235,338 | 6,232 | |||||||||||||||||||
Mortgage-backed securities – commercial | 689 | 59 | - | - | 689 | 59 | |||||||||||||||||||
Corporate debt securities | 80 | - | 4,816 | 1,049 | 4,896 | 1,049 | |||||||||||||||||||
Mutual funds and equity securities | 716 | 17 | 22 | 3 | 738 | 20 | |||||||||||||||||||
Total | $ | 334,326 | $ | 9,303 | $ | 48,069 | $ | 3,609 | $ | 382,395 | $ | 12,912 | |||||||||||||
Unrealized losses included in the tables above have not been recognized in income since they have been identified as temporary. The Company evaluates investment securities for other-than-temporary impairment (“OTTI”) at least quarterly, and more frequently when economic or market conditions warrant. Many factors are considered, including: (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, (3) whether the market decline was effected by macroeconomic conditions, and (4) whether the Company has the intent to sell the security or more likely than not will be required to sell the security before its anticipated recovery. The assessment of whether an OTTI charge exists involves a high degree of subjectivity and judgment and is based on the information available to the Company at a point in time. | |||||||||||||||||||||||||
At June 30, 2014, the Company’s investment securities portfolio had gross unrealized losses of $4.3 million, a decrease of $8.6 million or 66.4% compared with $12.9 million at year-end 2013. Gross unrealized losses include $4.3 million which have been in a continuous loss position of 12 months or more. | |||||||||||||||||||||||||
Corporate debt securities in the Company’s investment securities portfolio at June 30, 2014 include single-issuer trust preferred capital securities with an unrealized loss of $478 thousand and a carrying value of $5.4 million. These securities were issued by a national and global financial services firm and purchased by the Company during 2007. The securities are currently performing and continue to be rated as investment grade by major rating agencies. The issuer of the securities announced in the first quarter of 2014 an increase in per share common dividend payments and authorization of a common equity repurchase plan. The Company does not intend to sell these securities nor does the Company believe it is likely that it will be required to sell these securities prior to their anticipated recovery. The Company believes these securities are not impaired due to reasons of credit quality or other factors, but rather the unrealized loss is primarily attributed to continuing uncertainties in both international and domestic economies and market volatility. The Company believes that it will collect all amounts due according to the contractual terms of these securities and that the fair values of these securities will continue to recover as they approach their maturity dates. | |||||||||||||||||||||||||
The Company attributes the unrealized losses in other sectors of its investment securities portfolio to changes in market interest rates and volatility. Investment securities with unrealized losses at June 30, 2014 are performing according to their contractual terms, and the Company does not expect to incur a loss on these securities unless they are sold prior to maturity. The Company does not have the intent to sell these securities nor does it believe it is likely that it will be required to sell these securities prior to their anticipated recovery. The Company does not consider any of the securities to be impaired due to reasons of credit quality or other factors. |
Note_7_Loans_and_Allowance_for
Note 7 - Loans and Allowance for Loan Losses | 6 Months Ended | ||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Financing Receivables [Text Block] | ' | ||||||||||||||||||||||||||||
7. Loans and Allowance for Loan Losses | |||||||||||||||||||||||||||||
Major classifications of loans outstanding are summarized as follows: | |||||||||||||||||||||||||||||
(In thousands) | June 30, | December 31, | |||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
Real estate mortgage - construction and land development | $ | 97,769 | $ | 101,352 | |||||||||||||||||||||||||
Real estate mortgage - residential | 365,969 | 371,582 | |||||||||||||||||||||||||||
Real estate mortgage - farmland and other commercial enterprises | 392,910 | 418,147 | |||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 52,713 | 47,426 | |||||||||||||||||||||||||||
States and political subdivisions | 25,150 | 21,561 | |||||||||||||||||||||||||||
Lease financing | 398 | 902 | |||||||||||||||||||||||||||
Other | 20,769 | 23,840 | |||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Secured | 8,836 | 8,579 | |||||||||||||||||||||||||||
Unsecured | 5,670 | 6,513 | |||||||||||||||||||||||||||
Total loans | 970,184 | 999,902 | |||||||||||||||||||||||||||
Less unearned income | 5 | 19 | |||||||||||||||||||||||||||
Total loans, net of unearned income | $ | 970,179 | $ | 999,883 | |||||||||||||||||||||||||
Activity in the allowance for loan losses by portfolio segment was as follows for the periods indicated. | |||||||||||||||||||||||||||||
(In thousands) | Real Estate | Commercial | Consumer | Total | |||||||||||||||||||||||||
Three months ended June 30, 2014 | |||||||||||||||||||||||||||||
Balance, beginning of period | $ | 17,114 | $ | 1,201 | $ | 375 | $ | 18,690 | |||||||||||||||||||||
Provision for loan losses | (1,603 | ) | 205 | 10 | (1,388 | ) | |||||||||||||||||||||||
Recoveries | 189 | 18 | 39 | 246 | |||||||||||||||||||||||||
Loans charged off | (252 | ) | (86 | ) | (87 | ) | (425 | ) | |||||||||||||||||||||
Balance, end of period | $ | 15,448 | $ | 1,338 | $ | 337 | $ | 17,123 | |||||||||||||||||||||
Six months ended June 30, 2014 | |||||||||||||||||||||||||||||
Balance, beginning of period | $ | 18,716 | $ | 1,409 | $ | 452 | $ | 20,577 | |||||||||||||||||||||
Provision for loan losses | (2,359 | ) | 1,130 | (27 | ) | (1,256 | ) | ||||||||||||||||||||||
Recoveries | 357 | 45 | 74 | 476 | |||||||||||||||||||||||||
Loans charged off | (1,266 | ) | (1,246 | ) | (162 | ) | (2,674 | ) | |||||||||||||||||||||
Balance, end of period | $ | 15,448 | $ | 1,338 | $ | 337 | $ | 17,123 | |||||||||||||||||||||
(In thousands) | Real Estate | Commercial | Consumer | Total | |||||||||||||||||||||||||
Three months ended June 30, 2013 | |||||||||||||||||||||||||||||
Balance, beginning of period | $ | 21,402 | $ | 1,558 | $ | 603 | $ | 23,563 | |||||||||||||||||||||
Provision for loan losses | (848 | ) | 624 | (138 | ) | (362 | ) | ||||||||||||||||||||||
Recoveries | 48 | 14 | 114 | 176 | |||||||||||||||||||||||||
Loans charged off | (362 | ) | (19 | ) | (53 | ) | (434 | ) | |||||||||||||||||||||
Balance, end of period | $ | 20,240 | $ | 2,177 | $ | 526 | $ | 22,943 | |||||||||||||||||||||
Six months ended June 30, 2013 | |||||||||||||||||||||||||||||
Balance, beginning of period | $ | 22,254 | $ | 1,513 | $ | 678 | $ | 24,445 | |||||||||||||||||||||
Provision for loan losses | (1,500 | ) | 617 | (111 | ) | (994 | ) | ||||||||||||||||||||||
Recoveries | 184 | 97 | 150 | 431 | |||||||||||||||||||||||||
Loans charged off | (698 | ) | (50 | ) | (191 | ) | (939 | ) | |||||||||||||||||||||
Balance, end of period | $ | 20,240 | $ | 2,177 | $ | 526 | $ | 22,943 | |||||||||||||||||||||
The following tables present individually impaired loans by class of loans for the dates indicated. | |||||||||||||||||||||||||||||
Unpaid | Recorded | Recorded | Total | Allowance | |||||||||||||||||||||||||
June 30, 2014 (In thousands) | Principal | Investment | Investment | Recorded | for | ||||||||||||||||||||||||
Balance | With No | With | Investment | Loan Losses | |||||||||||||||||||||||||
Allowance | Allowance | Allocated | |||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Real estate mortgage - construction and land development | $ | 15,753 | $ | 8,566 | $ | 4,400 | $ | 12,966 | $ | 856 | |||||||||||||||||||
Real estate mortgage - residential | 10,930 | 3,980 | 6,645 | 10,625 | 1,195 | ||||||||||||||||||||||||
Real estate mortgage - farmland and other commercial enterprises | 25,833 | 7,126 | 18,600 | 25,726 | 1,278 | ||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||||||
Commercial and industrial | 240 | 23 | 217 | 240 | 195 | ||||||||||||||||||||||||
Consumer | |||||||||||||||||||||||||||||
Unsecured | 66 | - | 66 | 66 | 66 | ||||||||||||||||||||||||
Total | $ | 52,822 | $ | 19,695 | $ | 29,928 | $ | 49,623 | $ | 3,590 | |||||||||||||||||||
Unpaid | Recorded | Recorded | Total | Allowance | |||||||||||||||||||||||||
December 31, 2013 (In thousands) | Principal | Investment | Investment | Recorded | for | ||||||||||||||||||||||||
Balance | With No | With | Investment | Loan Losses | |||||||||||||||||||||||||
Allowance | Allowance | Allocated | |||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Real estate mortgage - construction and land development | $ | 17,234 | $ | 9,742 | $ | 4,699 | $ | 14,441 | $ | 930 | |||||||||||||||||||
Real estate mortgage - residential | 11,595 | 2,871 | 8,612 | 11,483 | 1,443 | ||||||||||||||||||||||||
Real estate mortgage - farmland and other commercial enterprises | 32,102 | 12,262 | 19,746 | 32,008 | 1,443 | ||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||||||
Commercial and industrial | 311 | 24 | 293 | 317 | 200 | ||||||||||||||||||||||||
Consumer | |||||||||||||||||||||||||||||
Secured | 18 | - | 18 | 18 | 15 | ||||||||||||||||||||||||
Unsecured | 71 | - | 72 | 72 | 71 | ||||||||||||||||||||||||
Total | $ | 61,331 | $ | 24,899 | $ | 33,440 | $ | 58,339 | $ | 4,102 | |||||||||||||||||||
Three Months Ended June 30, | 2014 | 2013 | |||||||||||||||||||||||||||
(In thousands) | Average | Interest | Cash Basis | Average | Interest | Cash Basis | |||||||||||||||||||||||
Income | Interest | Income | Interest | ||||||||||||||||||||||||||
Recognized | Recognized | Recognized | Recognized | ||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Real estate – construction and land development | $ | 15,452 | $ | 120 | $ | 118 | $ | 24,159 | $ | 338 | $ | 347 | |||||||||||||||||
Real estate mortgage – residential | 11,059 | 147 | 141 | 10,836 | 87 | 83 | |||||||||||||||||||||||
Real estate mortgage – farmland and other commercial enterprises | 26,295 | 359 | 346 | 28,209 | 236 | 236 | |||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||||||
Commercial and industrial | 245 | 3 | 3 | 1,154 | 29 | 29 | |||||||||||||||||||||||
Consumer | |||||||||||||||||||||||||||||
Secured | - | - | - | 21 | 1 | 1 | |||||||||||||||||||||||
Unsecured | 68 | - | - | 215 | 3 | 4 | |||||||||||||||||||||||
Total | $ | 53,119 | $ | 629 | $ | 608 | $ | 64,594 | $ | 694 | $ | 700 | |||||||||||||||||
Six Months Ended June 30, | 2014 | 2013 | |||||||||||||||||||||||||||
(In thousands) | Average | Interest | Cash Basis | Average | Interest | Cash Basis | |||||||||||||||||||||||
Income | Interest | Income | Interest | ||||||||||||||||||||||||||
Recognized | Recognized | Recognized | Recognized | ||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Real estate – construction and land development | $ | 15,537 | $ | 233 | $ | 229 | $ | 25,047 | $ | 691 | $ | 689 | |||||||||||||||||
Real estate mortgage – residential | 11,384 | 262 | 250 | 9,569 | 172 | 163 | |||||||||||||||||||||||
Real estate mortgage – farmland and other commercial enterprises | 30,222 | 745 | 722 | 29,692 | 484 | 478 | |||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||||||
Commercial and industrial | 247 | 4 | 3 | 930 | 33 | 33 | |||||||||||||||||||||||
Consumer | |||||||||||||||||||||||||||||
Secured | 9 | - | - | 21 | 1 | 1 | |||||||||||||||||||||||
Unsecured | 69 | 4 | 3 | 214 | 6 | 6 | |||||||||||||||||||||||
Total | $ | 57,468 | $ | 1,248 | $ | 1,207 | $ | 65,473 | $ | 1,387 | $ | 1,370 | |||||||||||||||||
The following tables present the balance of the allowance for loan losses and the recorded investment in loans by portfolio segment based on impairment method as of June 30, 2014 and December 31, 2013. | |||||||||||||||||||||||||||||
June 30, 2014 (In thousands) | Real Estate | Commercial | Consumer | Total | |||||||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,329 | $ | 195 | $ | 66 | $ | 3,590 | |||||||||||||||||||||
Collectively evaluated for impairment | 12,119 | 1,143 | 271 | 13,533 | |||||||||||||||||||||||||
Total ending allowance balance | $ | 15,448 | $ | 1,338 | $ | 337 | $ | 17,123 | |||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 49,317 | $ | 240 | $ | 66 | $ | 49,623 | |||||||||||||||||||||
Loans collectively evaluated for impairment | 807,331 | 98,785 | 14,440 | 920,556 | |||||||||||||||||||||||||
Total ending loan balance, net of unearned income | $ | 856,648 | $ | 99,025 | $ | 14,506 | $ | 970,179 | |||||||||||||||||||||
December 31, 2013 (In thousands) | Real Estate | Commercial | Consumer | Total | |||||||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,816 | $ | 200 | $ | 86 | $ | 4,102 | |||||||||||||||||||||
Collectively evaluated for impairment | 14,900 | 1,209 | 366 | 16,475 | |||||||||||||||||||||||||
Total ending allowance balance | $ | 18,716 | $ | 1,409 | $ | 452 | $ | 20,577 | |||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 57,932 | $ | 317 | $ | 90 | $ | 58,339 | |||||||||||||||||||||
Loans collectively evaluated for impairment | 833,149 | 93,393 | 15,002 | 941,544 | |||||||||||||||||||||||||
Total ending loan balance, net of unearned income | $ | 891,081 | $ | 93,710 | $ | 15,092 | $ | 999,883 | |||||||||||||||||||||
The following tables present the recorded investment in nonperforming loans by class of loans as of June 30, 2014 and December 31, 2013. | |||||||||||||||||||||||||||||
June 30, 2014 (In thousands) | Nonaccrual | Restructured | Loans Past | ||||||||||||||||||||||||||
Loans | Due 90 Days | ||||||||||||||||||||||||||||
or More and | |||||||||||||||||||||||||||||
Still Accruing | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
Real estate mortgage - construction and land development | $ | 4,794 | $ | 4,219 | $ | - | |||||||||||||||||||||||
Real estate mortgage - residential | 5,149 | 4,532 | - | ||||||||||||||||||||||||||
Real estate mortgage - farmland and other commercial enterprises | 7,937 | 16,657 | - | ||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 199 | - | - | ||||||||||||||||||||||||||
Other | 11 | - | - | ||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Secured | 5 | - | - | ||||||||||||||||||||||||||
Unsecured | - | 48 | - | ||||||||||||||||||||||||||
Total | $ | 18,095 | $ | 25,456 | $ | - | |||||||||||||||||||||||
December 31, 2013 (In thousands) | Nonaccrual | Restructured | Loans Past | ||||||||||||||||||||||||||
Loans | Due 90 Days | ||||||||||||||||||||||||||||
or More and | |||||||||||||||||||||||||||||
Still Accruing | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
Real estate mortgage - construction and land development | $ | 5,821 | $ | 4,391 | $ | - | |||||||||||||||||||||||
Real estate mortgage - residential | 5,154 | 4,826 | 10 | ||||||||||||||||||||||||||
Real estate mortgage - farmland and other commercial enterprises | 12,677 | 16,987 | 434 | ||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 160 | - | - | ||||||||||||||||||||||||||
Lease financing | 22 | - | - | ||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Secured | 3 | - | - | ||||||||||||||||||||||||||
Unsecured | 1 | 51 | - | ||||||||||||||||||||||||||
Total | $ | 23,838 | $ | 26,255 | $ | 444 | |||||||||||||||||||||||
The Company has allocated $2.5 million and $2.7 million of specific reserves to customers whose loan terms have been modified in troubled debt restructurings and that are in compliance with those terms as of June 30, 2014 and December 31, 2013, respectively. The Company had no commitments to lend additional amounts to customers with outstanding loans that are classified as troubled debt restructurings at June 30, 2014 and December 31, 2013. | |||||||||||||||||||||||||||||
The Company had no credits during 2014 that were modified as troubled debt restructurings. The Company had five credits in 2013 that were modified as troubled debt restructurings. Each of these credits represents debt by a borrower which was discharged under Chapter 7 bankruptcy. The borrower in each case did not reaffirm their debt, and the release of personal liability by the court is deemed a concession. However, each borrower continues to make payments under the original terms of the loan agreement. | |||||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the three and six months ended June 30, 2013. There were no loans modified as troubled debt restructurings during 2014. | |||||||||||||||||||||||||||||
(Dollars in thousands) | Number | Pre-Modification | Post-Modification | ||||||||||||||||||||||||||
of Loans | Outstanding | Outstanding | |||||||||||||||||||||||||||
Troubled Debt Restructurings: | Recorded | Recorded | |||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
Three Months Ended June 30, 2013 | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
Real estate mortgage – residential | 1 | $ | 18 | $ | 18 | ||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 1 | 2 | 2 | ||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Secured | 1 | 13 | 13 | ||||||||||||||||||||||||||
Total | 3 | $ | 33 | $ | 33 | ||||||||||||||||||||||||
Six Months Ended June 30, 2013 | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
Real estate mortgage – residential | 3 | $ | 309 | $ | 309 | ||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 1 | 2 | 2 | ||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Secured | 1 | 13 | 13 | ||||||||||||||||||||||||||
Total | 5 | $ | 324 | $ | 324 | ||||||||||||||||||||||||
The troubled debt restructurings identified above increased the allowance for loan losses by $15 thousand and $23 thousand in the three and six months periods ended June 30, 2013, respectively. There were no charge-offs related to these loans. There were no payment defaults during the first six months of 2014 or 2013 for credits that were restructured during the previous twelve months. | |||||||||||||||||||||||||||||
The tables below present an age analysis of past due loans 30 days or more by class of loans as of the dates indicated. Past due loans that are also classified as nonaccrual are included in their respective past due category. | |||||||||||||||||||||||||||||
June 30, 2014 (In thousands) | 30-89 | 90 Days | Total | Current | Total | ||||||||||||||||||||||||
Days | or More | Loans | |||||||||||||||||||||||||||
Past Due | Past Due | ||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
Real estate mortgage - construction and land development | $ | 568 | $ | 317 | $ | 885 | $ | 96,884 | $ | 97,769 | |||||||||||||||||||
Real estate mortgage - residential | 2,771 | 2,822 | 5,593 | 360,376 | 365,969 | ||||||||||||||||||||||||
Real estate mortgage - farmland and other commercial enterprises | 444 | 6,278 | 6,722 | 386,188 | 392,910 | ||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 45 | 176 | 221 | 52,492 | 52,713 | ||||||||||||||||||||||||
States and political subdivisions | - | - | - | 25,150 | 25,150 | ||||||||||||||||||||||||
Lease financing, net | 171 | - | 171 | 222 | 393 | ||||||||||||||||||||||||
Other | 25 | - | 25 | 20,744 | 20,769 | ||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Secured | 56 | 2 | 58 | 8,778 | 8,836 | ||||||||||||||||||||||||
Unsecured | 58 | - | 58 | 5,612 | 5,670 | ||||||||||||||||||||||||
Total | $ | 4,138 | $ | 9,595 | $ | 13,733 | $ | 956,446 | $ | 970,179 | |||||||||||||||||||
December 31, 2013 (In thousands) | 30-89 | 90 Days | Total | Current | Total | ||||||||||||||||||||||||
Days | or More | Loans | |||||||||||||||||||||||||||
Past Due | Past Due | ||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
Real estate mortgage - construction and land development | $ | 58 | $ | 613 | $ | 671 | $ | 100,681 | $ | 101,352 | |||||||||||||||||||
Real estate mortgage - residential | 1,225 | 2,502 | 3,727 | 367,855 | 371,582 | ||||||||||||||||||||||||
Real estate mortgage - farmland and other commercial enterprises | 3,548 | 7,978 | 11,526 | 406,621 | 418,147 | ||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 71 | 53 | 124 | 47,302 | 47,426 | ||||||||||||||||||||||||
States and political subdivisions | - | - | - | 21,561 | 21,561 | ||||||||||||||||||||||||
Lease financing, net | - | 22 | 22 | 861 | 883 | ||||||||||||||||||||||||
Other | 56 | - | 56 | 23,784 | 23,840 | ||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Secured | 41 | 3 | 44 | 8,535 | 8,579 | ||||||||||||||||||||||||
Unsecured | 58 | 1 | 59 | 6,454 | 6,513 | ||||||||||||||||||||||||
Total | $ | 5,057 | $ | 11,172 | $ | 16,229 | $ | 983,654 | $ | 999,883 | |||||||||||||||||||
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 and conditions. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis includes large-balance loans and non-homogeneous loans, such as commercial real estate and certain residential real estate loans. Loan rating grades, as described further below, are assigned based on a continuous process. The amount and adequacy of the allowance for loan loss is determined on a quarterly basis. The Company uses the following definitions for its risk ratings: | |||||||||||||||||||||||||||||
Special Mention. Loans classified as special mention have a potential weakness that deserves management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the borrower’s repayment ability, weaken the collateral or inadequately protect the Company’s credit position at some future date. These credits pose elevated risk, but their weaknesses do not yet justify a substandard classification. | |||||||||||||||||||||||||||||
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 Company will sustain some loss if the deficiencies are not corrected. | |||||||||||||||||||||||||||||
Doubtful. Loans classified as doubtful have all the weaknesses inherent of 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. | |||||||||||||||||||||||||||||
Loans not meeting the criteria above which are analyzed individually as part of the above described process are considered to be pass rated loans, which are considered to have a low risk of loss. Based on the most recent analysis performed, the risk category of loans by class of loans is as follows for the dates indicated. Each of the following tables excludes immaterial amounts attributed to accrued interest receivable. | |||||||||||||||||||||||||||||
Real Estate | Commercial | ||||||||||||||||||||||||||||
30-Jun-14 | Real Estate | Real Estate | Real Estate | Commercial | States and | Lease | Other | ||||||||||||||||||||||
(In thousands) | Mortgage - | Mortgage- | Mortgage- | and | Political | Financing | |||||||||||||||||||||||
Construction | Residential | Farmland | Industrial | Subdivisions | |||||||||||||||||||||||||
and Land | and Other | ||||||||||||||||||||||||||||
Development | Commercial | ||||||||||||||||||||||||||||
Enterprises | |||||||||||||||||||||||||||||
Credit risk profile by internally assigned rating grades: | |||||||||||||||||||||||||||||
Pass | $ | 75,835 | $ | 332,358 | $ | 345,066 | $ | 50,930 | $ | 25,150 | $ | 393 | $ | 20,691 | |||||||||||||||
Special Mention | 7,207 | 12,219 | 16,532 | 785 | - | - | 59 | ||||||||||||||||||||||
Substandard | 14,727 | 21,392 | 30,837 | 998 | - | - | 19 | ||||||||||||||||||||||
Doubtful | - | - | 475 | - | - | - | - | ||||||||||||||||||||||
Total | $ | 97,769 | $ | 365,969 | $ | 392,910 | $ | 52,713 | $ | 25,150 | $ | 393 | $ | 20,769 | |||||||||||||||
Real Estate | Commercial | ||||||||||||||||||||||||||||
31-Dec-13 | Real Estate | Real Estate | Real Estate | Commercial | States and | Lease | Other | ||||||||||||||||||||||
(In thousands) | Mortgage - | Mortgage- | Mortgage- | and | Political | Financing | |||||||||||||||||||||||
Construction | Residential | Farmland | Industrial | Subdivisions | |||||||||||||||||||||||||
and Land | and Other | ||||||||||||||||||||||||||||
Development | Commercial | ||||||||||||||||||||||||||||
Enterprises | |||||||||||||||||||||||||||||
Credit risk profile by internally assigned rating grades: | |||||||||||||||||||||||||||||
Pass | $ | 77,873 | $ | 334,104 | $ | 352,238 | $ | 45,652 | $ | 21,561 | $ | 861 | $ | 23,820 | |||||||||||||||
Special Mention | 7,755 | 15,120 | 29,156 | 963 | - | - | - | ||||||||||||||||||||||
Substandard | 15,724 | 22,358 | 36,753 | 735 | - | 22 | 20 | ||||||||||||||||||||||
Doubtful | - | - | - | 76 | - | - | - | ||||||||||||||||||||||
Total | $ | 101,352 | $ | 371,582 | $ | 418,147 | $ | 47,426 | $ | 21,561 | $ | 883 | $ | 23,840 | |||||||||||||||
The Company considers the performance of the loan portfolio and its impact on the allowance for loan losses. For consumer loan classes, the Company evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity. The following table presents the consumer loans outstanding based on payment activity as of June 30, 2014 and December 31, 2013. | |||||||||||||||||||||||||||||
30-Jun-14 | 31-Dec-13 | ||||||||||||||||||||||||||||
Consumer | Consumer | ||||||||||||||||||||||||||||
(In thousands) | Secured | Unsecured | Secured | Unsecured | |||||||||||||||||||||||||
Credit risk profile based on payment activity: | |||||||||||||||||||||||||||||
Performing | $ | 8,831 | $ | 5,622 | $ | 8,576 | $ | 6,461 | |||||||||||||||||||||
Nonperforming | 5 | 48 | 3 | 52 | |||||||||||||||||||||||||
Total | $ | 8,836 | $ | 5,670 | $ | 8,579 | $ | 6,513 | |||||||||||||||||||||
Note_8_Other_Real_Estate_Owned
Note 8 - Other Real Estate Owned | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Real Estate Owned [Text Block] | ' | ||||||||
8.Other Real Estate Owned | |||||||||
Other real estate owned (“OREO”) was as follows as of the date indicated: | |||||||||
(In thousands) | June 30, | December 31, | |||||||
2014 | 2013 | ||||||||
Construction and land development | $ | 21,106 | $ | 23,504 | |||||
Residential real estate | 2,004 | 2,695 | |||||||
Farmland and other commercial enterprises | 15,924 | 11,627 | |||||||
Total | $ | 39,034 | $ | 37,826 | |||||
OREO activity for the six months ended June 30, 2014 and 2013 was as follows: | |||||||||
Six months ended June 30, (In thousands) | 2014 | 2013 | |||||||
Beginning balance | $ | 37,826 | $ | 52,562 | |||||
Transfers from loans and other increases | 6,978 | 5,279 | |||||||
Proceeds from sales | (4,262 | ) | (9,619 | ) | |||||
(Loss) gain on sales, net | (94 | ) | 280 | ||||||
Write downs and other decreases, net | (1,414 | ) | (2,037 | ) | |||||
Ending balance | $ | 39,034 | $ | 46,465 | |||||
Note_9_Postretirement_Medical_
Note 9 - Postretirement Medical Benefits | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Pension and Other Postretirement Benefits Disclosure [Text Block] | ' | ||||||||||||||||
9.Postretirement Medical Benefits | |||||||||||||||||
Prior to 2003, the Company provided lifetime medical and dental benefits upon retirement for certain employees meeting the eligibility requirements as of December 31, 1989 (Plan 1). During 2003, the Company implemented an additional postretirement health insurance program (Plan 2). Under Plan 2, any employee meeting the service requirement of 20 years of full time service to the Company and is at least age 55 years of age upon retirement is eligible to continue their health insurance coverage. Under both plans, retirees not yet eligible for Medicare have coverage identical to the coverage offered to active employees. Under both plans, Medicare-eligible retirees are provided with a Medicare Advantage plan. The Company pays 100% of the cost of Plan 1. The Company and the retirees each pay 50% of the cost under Plan 2. Both plans are unfunded. | |||||||||||||||||
The following disclosures of the net periodic benefit cost components of Plan 1 and Plan 2 were measured at January 1, 2014 and 2013. | |||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||
June 30, | June 30, | ||||||||||||||||
(In thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||
Service cost | $ | 120 | $ | 158 | $ | 241 | $ | 315 | |||||||||
Interest cost | 143 | 138 | 285 | 276 | |||||||||||||
Recognized prior service cost | 52 | 64 | 104 | 128 | |||||||||||||
Recognized net actuarial gain | (16 | ) | - | (32 | ) | - | |||||||||||
Net periodic benefit cost | $ | 299 | $ | 360 | $ | 598 | $ | 719 | |||||||||
The Company expects benefit payments of $340 thousand for 2014, of which $67 thousand and $133 thousand have been made during the three and six months ended June 30, 2014, respectively. |
Note_10_Regulatory_Matters
Note 10 - Regulatory Matters | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Disclosure Text Block [Abstract] | ' | |||||||
Regulatory Capital Requirements under Banking Regulations [Text Block] | ' | |||||||
10. Regulatory Matters | ||||||||
The Company and its subsidiary banks are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements will initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the banks must meet specific capital guidelines that involve quantitative measures of the banks’ assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Company and its subsidiary banks’ capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. | ||||||||
The regulatory ratios of the consolidated Company and its subsidiary banks were as follows for the dates indicated. | ||||||||
30-Jun-14 | 31-Dec-13 | |||||||
Tier 1 | Total | Tier 1 | Tier 1 | Total | Tier 1 | |||
Risk-based | Risk-based | Leverage2 | Risk-based | Risk-based | Leverage2 | |||
Capital1 | Capital1 | Capital1 | Capital1 | |||||
Consolidated | 19.43% | 20.69% | 11.99% | 18.95% | 20.21% | 11.90% | ||
Farmers Bank | 18.08 | 19.33 | 9.71 | 17.56 | 18.82 | 9.60 | ||
United Bank | 16.16 | 17.43 | 10.31 | 15.06 | 16.33 | 9.67 | ||
First Citizens | 13.39 | 14.07 | 9.20 | 12.92 | 13.67 | 9.03 | ||
Citizens Northern | 14.12 | 15.37 | 9.81 | 13.57 | 14.82 | 9.67 | ||
1Tier 1 Risk-based and Total Risk-based Capital ratios are computed by dividing a bank’s Tier 1 or Total Capital, as defined by regulation, by a risk-weighted sum of the bank’s assets, with the risk weighting determined by general standards established by regulation. The safest assets (e.g., government obligations) are assigned a weighting of 0% with riskier assets receiving higher ratings (e.g., ordinary commercial loans are assigned a weighting of 100%). | ||||||||
2Tier 1 Leverage ratio is computed by dividing a bank’s Tier 1 Capital, as defined by regulation, by its total quarterly average assets. | ||||||||
Summary of Regulatory Agreements | ||||||||
Below is a summary of the agreements that two of the Company’s subsidiary banks have entered into with their primary banking regulators. The agreement entered into during 2009 between the Parent Company and its primary regulators was terminated in March 2014 as a result of continued satisfactory compliance, most notably from the progress made in lowering nonperforming assets and increasing capital levels. Therefore, the Company is no longer required to receive permission from its banking regulators to make interest payments on its trust preferred securities or to pay dividends on its common and preferred stock. However, the Company’s current goal is to redeem all of its outstanding preferred stock before considering the payment of a dividend on its common stock. The Company redeemed 10,000 shares, or one-third, of its outstanding preferred stock on May 15, 2014. Further redemptions, which require regulatory approval, will be based on satisfactory financial performance and take into consideration the Company’s capital position, earnings, asset quality, and other factors. The timing and amount of any further redemption by the Company of its remaining outstanding preferred stock will be disclosed when assured. | ||||||||
United Bank | ||||||||
In November of 2009, the Federal Deposit Insurance Corporation (“FDIC”) and the Kentucky Department of Financial Institutions (“KDFI”) entered into a Cease and Desist Order (“C&D”) with United Bank primarily as a result of its level of nonperforming assets. The C&D was terminated in December 2011 coincident with the issuance of a Consent Order (“Consent Order”) entered into between the parties. The Consent Order is substantially the same as the C&D, with the primary exception being that United Bank must achieve and maintain a Tier 1 Leverage ratio of 9.0% and a Total Risk-based Capital ratio of 13.0%. | ||||||||
During January 2014, the formal Consent Order entered into during 2011 with United Bank was terminated and replaced with a stepped-down enforcement action in the form of an informal Memorandum of Understanding (“Memorandum”). The informal Memorandum includes many of the same provisions covered by the Consent Order. | ||||||||
Other components in the regulatory order include oversight and reporting obligations to its regulators in terms of complying with the Memorandum. It also includes requirements in the level of reporting by management to its board of directors of its financial results, budgeting, and liquidity analysis, as well as restricting the bank from extending additional credit to borrowers with credits classified as substandard, doubtful or special mention in the report of examination. There is also a requirement to obtain written consent prior to declaring or paying a dividend and to develop a written contingency plan if the bank is unable to meet the capital levels established in the Memorandum. | ||||||||
Citizens Northern | ||||||||
The FDIC and KDFI entered into a Memorandum with Citizens Northern on September 8, 2010. The Memorandum was terminated July 7, 2013 upon the issuance of an updated Memorandum. The updated Memorandum contains many of the same provisions included in the terminated Memorandum, with a new requirement that Citizens Northern maintain a Tier 1 leverage ratio at or above 9.0%. In addition, the updated Memorandum requires having and retaining qualified management in the areas of loan administration and collection. It also requires Citizens Northern to address credit underwriting and administration weaknesses identified in the most recent examination of the bank by the FDIC and KDFI. | ||||||||
Other parts of the regulatory order include the development and documentation of plans for reducing problem loans, providing progress reports on compliance with the Memorandum, and for the development and implementation of a written profit plan and strategic plans. It also restricts the bank from extending additional credit to borrowers with credits classified as substandard, doubtful or special mention in the report of examination. | ||||||||
Regulators continue to monitor the Company’s progress and compliance with the regulatory agreements through periodic on-site examinations, regular communications, and quarterly data analysis. The Company believes it is adequately addressing all issues of the regulatory agreements to which it is subject. However, only the respective regulatory agencies can determine if compliance with the applicable regulatory agreements has been met. The Company believes that each of its subsidiary banks are in compliance with the requirements identified in their regulatory agreements as of June 30, 2014. | ||||||||
The Parent Company maintains cash available to fund a certain amount of additional injections of capital to its bank subsidiaries as determined by management or if required by its regulators. If needed, further amounts in excess of available cash may be funded by future public or private sales of securities, although the Parent Company is currently under no directive by its regulators to raise any additional capital. |
Note_11_Fair_Value_Measurement
Note 11 - Fair Value Measurements | 6 Months Ended | ||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||||||||||
11. Fair Value Measurements | |||||||||||||||||||||
ASC Topic 820, “Fair Value Measurements and Disclosures,” defines fair value, establishes a framework for measuring fair value, and sets forth disclosures about fair value measurements. ASC Topic 825, “Financial Instruments,” allows entities to choose to measure certain financial assets and liabilities at fair value. The Company has not elected the fair value option for any of its financial assets or liabilities. | |||||||||||||||||||||
ASC Topic 820 defines fair value as the price that would be received to sell an asset or 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 at the measurement date. It also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. This Topic describes three levels of inputs that may be used to measure fair value: | |||||||||||||||||||||
Level 1: | Quoted prices for identical assets or liabilities in active markets that the entity has the ability to access at 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 for substantially the full term of the assets or liabilities. | ||||||||||||||||||||
Level 3: | Significant unobservable inputs that reflect a reporting entity’s own assumptions supported by little or no market activity, about the assumptions that market participants would use in pricing the asset or liability. | ||||||||||||||||||||
Following is a description of the valuation method used for financial instruments measured at fair value on a recurring basis. For this disclosure, the Company only has available for sale investment securities that meet the requirement. | |||||||||||||||||||||
Available for sale investment securities | |||||||||||||||||||||
Valued primarily by independent third party pricing services under the market valuation approach that include, but are not limited to, the following inputs: | |||||||||||||||||||||
● | Mutual funds and equity securities are priced utilizing real-time data feeds from active market exchanges for identical securities and are considered Level 1 inputs. | ||||||||||||||||||||
● | Government-sponsored agency debt securities, obligations of states and political subdivisions, mortgage-backed securities, corporate bonds, and other similar investment securities are priced with available market information through processes using benchmark yields, matrix pricing, prepayment speeds, cash flows, live trading data, and market spreads sourced from new issues, dealer quotes, and trade prices, among others sources and are considered Level 2 inputs. | ||||||||||||||||||||
Available for sale investment securities are the Company’s only balance sheet item that meets the disclosure requirements for instruments measured at fair value on a recurring basis. Disclosures as of June 30, 2014 and December 31, 2013 are as follows: | |||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
(In thousands) | Fair Value | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets | Observable | Unobservable | |||||||||||||||||||
for Identical | Inputs | Inputs | |||||||||||||||||||
Available For Sale Investment Securities | Assets | (Level 2) | (Level 3) | ||||||||||||||||||
(Level 1) | |||||||||||||||||||||
30-Jun-14 | |||||||||||||||||||||
Obligations of U.S. government-sponsored entities | $ | 97,230 | $ | - | $ | 97,230 | $ | - | |||||||||||||
Obligations of states and political subdivisions | 133,281 | - | 133,281 | - | |||||||||||||||||
Mortgage-backed securities – residential | 377,519 | - | 377,519 | - | |||||||||||||||||
Mortgage-backed securities – commercial | 715 | - | 715 | - | |||||||||||||||||
Corporate debt securities | 6,492 | - | 6,492 | - | |||||||||||||||||
Mutual funds and equity securities | 1,019 | 1,019 | - | - | |||||||||||||||||
Total | $ | 616,256 | $ | 1,019 | $ | 615,237 | $ | - | |||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
(In thousands) | Fair Value | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets | Observable | Unobservable | |||||||||||||||||||
for Identical | Inputs | Inputs | |||||||||||||||||||
Available For Sale Investment Securities | Assets | (Level 2) | (Level 3) | ||||||||||||||||||
(Level 1) | |||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||
Obligations of U.S. government-sponsored entities | $ | 93,750 | $ | - | $ | 93,750 | $ | - | |||||||||||||
Obligations of states and political subdivisions | 131,970 | - | 131,970 | - | |||||||||||||||||
Mortgage-backed securities – residential | 378,077 | - | 378,077 | - | |||||||||||||||||
Mortgage-backed securities – commercial | 689 | - | 689 | - | |||||||||||||||||
Corporate debt securities | 6,257 | - | 6,257 | - | |||||||||||||||||
Mutual funds and equity securities | 2,077 | 2,077 | - | - | |||||||||||||||||
Total | $ | 612,820 | $ | 2,077 | $ | 610,743 | $ | - | |||||||||||||
The Company is required to measure and disclose certain other assets and liabilities at fair value on a nonrecurring basis in periods following their initial recognition. The Company’s disclosure about assets and liabilities measured at fair value on a nonrecurring basis consists of impaired loans and OREO. The carrying value of these assets are adjusted to fair value on a nonrecurring basis through impairment charges as described more fully below. | |||||||||||||||||||||
Impairment charges on collateral-dependent loans are recorded by either an increase to the provision for loan losses and related allowance or by direct loan charge-offs. The fair value of collateral-dependent impaired loans with specific allocations of the allowance for loan losses is measured based on recent appraisals of the underlying collateral. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Appraisers take absorption rates into consideration and adjustments are routinely made in the appraisal process to identify differences between the comparable sales and income data available. Such adjustments consist mainly of estimated costs to sell that are not included in certain appraisals or to update appraised collateral values as a result of market declines of similar properties for which a newer appraisal is available. These adjustments can be significant and typically result in a Level 3 classification of the inputs for determining fair value. | |||||||||||||||||||||
OREO includes properties acquired by the Company through, or in lieu of, actual loan foreclosures and is carried at fair value less estimated costs to sell. Fair value of OREO at acquisition is generally based on third party appraisals of the property that includes comparable sales data and is considered as Level 3 inputs. The carrying value of each OREO property is updated at least annually and more frequently when market conditions significantly impact the value of the property. If the carrying amount of the OREO exceeds fair value less estimated costs to sell, an impairment loss is recorded through noninterest expense. | |||||||||||||||||||||
The following table represents the carrying amount of assets measured at fair value on a nonrecurring basis and still held by the Company as of the dates indicated. The amounts in the table only represent assets whose carrying amount has been adjusted by impairment charges during the period in a manner as described above; therefore, these amounts will differ from the total amounts outstanding. Collateral-dependent impaired loan amounts in the tables below exclude restructured loans since they are measured based on present value techniques, which are outside the scope of the fair value reporting framework. | |||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
(In thousands) | Fair Value | Quoted Prices in | Significant | Significant | |||||||||||||||||
Active Markets | Other | Unobservable | |||||||||||||||||||
for Identical | Observable | Inputs | |||||||||||||||||||
Description | Assets | Inputs | (Level 3) | ||||||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||||||
30-Jun-14 | |||||||||||||||||||||
Collateral-dependent Impaired Loans | |||||||||||||||||||||
Real estate mortgage – residential | $ | 1,219 | $ | - | $ | - | $ | 1,219 | |||||||||||||
Real estate mortgage – farmland and other commercial enterprises | 7 | - | - | 7 | |||||||||||||||||
Commercial and industrial | 37 | - | - | 37 | |||||||||||||||||
Total | $ | 1,263 | $ | - | $ | - | $ | 1,263 | |||||||||||||
OREO | |||||||||||||||||||||
Construction and land development | $ | 4,191 | $ | - | $ | - | $ | 4,191 | |||||||||||||
Residential real estate | 934 | - | - | 934 | |||||||||||||||||
Farmland and other commercial enterprises | 1,887 | - | - | 1,887 | |||||||||||||||||
Total | $ | 7,012 | $ | - | $ | - | $ | 7,012 | |||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
(In thousands) | Fair Value | Quoted Prices in | Significant | Significant | |||||||||||||||||
Active Markets | Other | Unobservable | |||||||||||||||||||
for Identical | Observable | Inputs | |||||||||||||||||||
Assets | Inputs | (Level 3) | |||||||||||||||||||
Description | (Level 1) | (Level 2 | |||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||
Collateral-dependent Impaired Loans | |||||||||||||||||||||
Real estate mortgage – construction and land development | $ | 334 | $ | - | $ | - | $ | 334 | |||||||||||||
Real estate mortgage – residential | 2,085 | - | - | 2,085 | |||||||||||||||||
Real estate mortgage – farmland and other commercial enterprises | 3,152 | - | - | 3,152 | |||||||||||||||||
Commercial and industrial | 88 | - | - | 88 | |||||||||||||||||
Total | $ | 5,659 | $ | - | $ | - | $ | 5,659 | |||||||||||||
OREO | |||||||||||||||||||||
Construction and land development | $ | 14,465 | $ | - | $ | - | $ | 14,465 | |||||||||||||
Residential real estate | 1,116 | - | - | 1,116 | |||||||||||||||||
Farmland and other commercial enterprises | 9,152 | - | - | 9,152 | |||||||||||||||||
Total | $ | 24,733 | $ | - | $ | - | $ | 24,733 | |||||||||||||
The following table represents impairment charges recorded in earnings for the periods indicated on assets measured at fair value on a nonrecurring basis. | |||||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||||
June 30, | June 30, | ||||||||||||||||||||
(In thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||
Impairment charges: | |||||||||||||||||||||
Collateral-dependent impaired loans | $ | 135 | $ | 839 | $ | 268 | $ | 1,210 | |||||||||||||
OREO | 419 | 1,005 | 1,170 | 1,694 | |||||||||||||||||
Total | $ | 554 | $ | 1,844 | $ | 1,438 | $ | 2,904 | |||||||||||||
The following table presents quantitative information about unobservable inputs for assets measured on a nonrecurring basis using Level 3 measurements. As previously discussed, the fair value of real estate securing impaired loans and OREO are based on current third party appraisals. It is often necessary, however, for the Company to discount the appraisal amounts supporting its impaired loans and OREO. These discounts relate primarily to marketing and other holding costs that are not included in certain appraisals or to update values as a result of market declines of similar properties for which newer appraisals are available. Discounts also result from contracts to sell properties entered into during the period. The range of discounts is presented in the table below for 2014. | |||||||||||||||||||||
(In thousands) | Fair Value at | Valuation Technique | Unobservable Inputs | Range | Average | ||||||||||||||||
30-Jun-14 | |||||||||||||||||||||
Collateral-dependent impaired loans | $ | 1,263 | Discounted appraisals | Marketability discount | 0% - 30.1% | 13.00% | |||||||||||||||
OREO | $ | 7,012 | Discounted appraisals | Marketability discount | 0.5% - 31.8% | 8.10% | |||||||||||||||
Fair Value of Financial Instruments | |||||||||||||||||||||
The table that follows represents the estimated fair values of the Company’s financial instruments made in accordance with the requirements of ASC 825, “Financial Instruments.” ASC 825 requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet for which it is practicable to estimate that value. The estimated fair value amounts have been determined by the Company using available market information and present value or other valuation techniques. These derived fair values are subjective in nature, involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. ASC 825 excludes certain financial instruments and all nonfinancial instruments from the disclosure requirements. Accordingly, the aggregate fair value amounts presented are not intended to represent the underlying value of the Company. | |||||||||||||||||||||
The following methods and assumptions were used to estimate the fair value of each of the financial instruments in the table that follows. | |||||||||||||||||||||
Cash and Cash Equivalents, Accrued Interest Receivable, and Accrued Interest Payable | |||||||||||||||||||||
The carrying amount is a reasonable estimate of fair value due to the relatively short time between the origination of the instrument and its expected realization or settlement. | |||||||||||||||||||||
Investment Securities Held to Maturity | |||||||||||||||||||||
Fair value is based on quoted market price, if available. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities or with available market information through processes using benchmark yields, matrix pricing, prepayment speeds, cash flows, live trading data, and market spreads sourced from new issues, dealer quotes, and trade prices, among others sources. | |||||||||||||||||||||
Loans | |||||||||||||||||||||
The fair value of loans is estimated by discounting expected future cash flows using current discount rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. Expected future cash flows are projected based on contractual cash flows adjusted for estimated prepayments. | |||||||||||||||||||||
Federal Home Loan Bank and Federal Reserve Bank Stock | |||||||||||||||||||||
It is not practical to determine the fair value of Federal Home Loan Bank and Federal Reserve Bank stock due to restrictions placed on its transferability. | |||||||||||||||||||||
Deposit Liabilities | |||||||||||||||||||||
The fair value of demand deposits, savings accounts, and certain money market deposits is the amount payable on demand at the reporting date and fair value approximates carrying value. The fair value of fixed maturity certificates of deposit is estimated by discounting the expected future cash flows using the rates currently offered for certificates of deposit with similar remaining maturities. | |||||||||||||||||||||
Federal Funds Purchased and Other Short-term Borrowings | |||||||||||||||||||||
The carrying amount is the estimated fair value for these borrowings which reprice frequently in the near term. | |||||||||||||||||||||
Securities Sold Under Agreements to Repurchase, Subordinated Notes Payable, and Other Long-term Borrowings | |||||||||||||||||||||
The fair value of these borrowings is estimated by discounting the expected future cash flows using rates currently available for debt with similar terms and remaining maturities. For subordinated notes payable, the Company uses its best estimate to determine an appropriate discount rate since active markets for similar debt transactions are very limited. | |||||||||||||||||||||
Commitments to Extend Credit and Standby Letters of Credit | |||||||||||||||||||||
Pricing of these financial instruments is based on the credit quality and relationship, fees, interest rates, probability of funding, compensating balance, and other covenants or requirements. Loan commitments generally have fixed expiration dates, variable interest rates and contain termination and other clauses that provide for relief from funding in the event there is a significant deterioration in the credit quality of the customer. Many loan commitments are expected to, and typically do, expire without being drawn upon. The rates and terms of the Company’s commitments to lend and standby letters of credit are competitive with others in the various markets in which the Company operates. There are no unamortized fees relating to these financial instruments, as such the carrying value and fair value are both zero. | |||||||||||||||||||||
The following table presents the estimated fair values of the Company’s financial instruments and the level within the fair value hierarchy in which the fair value measurements fall at June 30, 2014 and December 31, 2013. Information for available for sale investment securities is presented within this footnote in greater detail above. | |||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
(In thousands) | Carrying | Fair | Quoted Prices | Significant | Significant | ||||||||||||||||
Amount | Value | in Active | Other | Unobservable | |||||||||||||||||
Markets for | Observable | Inputs | |||||||||||||||||||
Identical Assets | Inputs | (Level 3) | |||||||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||||||
30-Jun-14 | |||||||||||||||||||||
Assets | |||||||||||||||||||||
Cash and cash equivalents | $ | 68,987 | $ | 68,987 | $ | 68,987 | $ | - | $ | - | |||||||||||
Held to maturity investment securities | 3,814 | 3,963 | - | 3,963 | - | ||||||||||||||||
Loans, net | 953,056 | 953,158 | - | - | 953,158 | ||||||||||||||||
Accrued interest receivable | 5,670 | 5,670 | - | 5,670 | - | ||||||||||||||||
Federal Home Loan Bank and Federal Reserve Bank Stock | 9,368 | N/A | - | - | - | ||||||||||||||||
Liabilities | |||||||||||||||||||||
Deposits | 1,382,673 | 1,384,661 | 947,958 | - | 436,703 | ||||||||||||||||
Federal funds purchased and other short-term borrowings | 24,230 | 24,230 | - | 24,230 | - | ||||||||||||||||
Securities sold under agreements to repurchase and other long-term borrowings | 127,797 | 138,251 | - | 138,251 | - | ||||||||||||||||
Subordinated notes payable to unconsolidated trusts | 48,970 | 23,794 | - | - | 23,794 | ||||||||||||||||
Accrued interest payable | 1,065 | 1,065 | - | 1,065 | - | ||||||||||||||||
31-Dec-13 | |||||||||||||||||||||
Assets | |||||||||||||||||||||
Cash and cash equivalents | $ | 68,253 | $ | 68,253 | $ | 68,253 | $ | - | $ | - | |||||||||||
Held to maturity investment securities | 765 | 827 | - | 827 | - | ||||||||||||||||
Loans, net | 979,306 | 977,846 | - | - | 977,846 | ||||||||||||||||
Accrued interest receivable | 5,901 | 5,901 | - | 5,901 | - | ||||||||||||||||
Federal Home Loan Bank and Federal Reserve Bank Stock | 9,516 | N/A | - | - | - | ||||||||||||||||
Liabilities | |||||||||||||||||||||
Deposits | 1,410,215 | 1,412,572 | 938,700 | - | 473,872 | ||||||||||||||||
Federal funds purchased and other short-term borrowings | 29,123 | 29,123 | - | 29,123 | - | ||||||||||||||||
Securities sold under agreements to repurchase and other long-term borrowings | 127,880 | 139,375 | - | 139,375 | - | ||||||||||||||||
Subordinated notes payable to unconsolidated trusts | 48,970 | 26,070 | - | - | 26,070 | ||||||||||||||||
Accrued interest payable | 1,137 | 1,137 | - | 1,137 | - | ||||||||||||||||
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 6 Months Ended | ||
Jun. 30, 2014 | |||
Accounting Policies [Abstract] | ' | ||
Finance, Loans and Leases Receivable, Policy [Policy Text Block] | ' | ||
Loans and Interest Income | |||
Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at their unpaid principal amount outstanding adjusted for any charge-offs and deferred fees or costs on originated loans. Interest income on loans is recognized using the interest method based on loan principal amounts outstanding during the period. Interest income also includes amortization and accretion of any premiums or discounts over the expected life of acquired loans at the time of purchase or business acquisition. Loan origination fees, net of certain direct origination costs, are deferred and amortized as yield adjustments over the contractual term of the loans. | |||
The Company disaggregates certain disclosure information related to loans, the related allowance for loan losses, and credit quality measures by either portfolio segment or by loan class. The Company segregates its loan portfolio segments based on similar risk characteristics as follows: real estate loans, commercial loans, and consumer loans. Portfolio segments are further disaggregated into classes for certain required disclosures as follows: | |||
Portfolio Segment | Class | ||
Real estate loans | Real estate mortgage - construction and land development | ||
Real estate mortgage - residential | |||
Real estate mortgage - farmland and other commercial enterprises | |||
Commercial loans | Commercial and industrial | ||
Depository institutions | |||
Agriculture production and other loans to farmers | |||
States and political subdivisions | |||
Leases | |||
Other | |||
Consumer loans | Secured | ||
Unsecured | |||
The Company has a loan policy in place that is amended and approved from time to time as needed to reflect current economic conditions and product offerings in its markets. The policy establishes written procedures concerning areas such as the lending authorities of loan officers, committee review and approval of certain credit requests, underwriting criteria, policy exceptions, appraisal requirements, and loan review. Credit is extended to borrowers based primarily on their ability to repay as demonstrated by income and cash flow analysis. | |||
Loans secured by real estate make up the largest segment of the Company’s loan portfolio. If a borrower fails to repay a loan secured by real estate, the Company may liquidate the collateral in order to satisfy the amount owed. Determining the value of real estate is a key component to the lending process for real estate backed loans. If the fair value of real estate (less estimated cost to sell) securing a collateral dependent loan declines below the outstanding loan amount, the Company will write down the carrying value of the loan and thereby incur a loss. The Company uses independent third party state certified or licensed appraisers in accordance with its loan policy to mitigate risk when underwriting real estate loans. Cash flow analysis of the borrower, loan to value limits as adopted by loan policy, and other customary underwriting standards are also in place which are designed to maximize credit quality and mitigate risks associated with real estate lending. | |||
Commercial loans are made to businesses and are secured mainly by assets such as inventory, accounts receivable, machinery, fixtures and equipment, or other business assets. Commercial lending involves significant risk, as loan repayments are more dependent on the successful operation or management of the business and its cash flows. Consumer lending includes loans to individuals mainly for personal autos, boats, or a variety of other personal uses and may be secured or unsecured. Loan repayment associated with consumer loans is highly dependent upon the borrower’s continuing financial stability, which is heavily influenced by local unemployment rates. The Company mitigates its risk exposure to each of its loan segments by analyzing the borrower’s repayment capacity, imposing restrictions on the amount it will loan compared to estimated collateral values, limiting the payback periods, and following other customary underwriting practices as adopted in its loan policy. | |||
The accrual of interest on loans is discontinued when it is determined that the collection of interest or principal is doubtful, or when a default of interest or principal has existed for 90 days or more, unless such loan is well secured and in the process of collection. Past due status is based on the contractual terms of the loan. Interest accrued but not received for a loan placed on nonaccrual status is reversed against interest income. Cash payments received on nonaccrual loans generally are applied to principal until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. The Company’s policy for placing a loan on nonaccrual status or subsequently returning a loan to accrual status does not differ based on its portfolio class or segment. | |||
Commercial and real estate loans delinquent in excess of 120 days and consumer loans delinquent in excess of 180 days are charged off, unless the collateral securing the debt is of such value that any loss appears to be unlikely. In all cases, loans are charged off at an earlier date if classified as loss under its loan grading process or as a result of regulatory examination. The Company’s charge-off policy for impaired loans does not differ from the charge-off policy for loans outside the definition of impaired. | |||
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | ' | ||
Provision and Allowance for Loan Losses | |||
The provision for loan losses represents charges or credits made to earnings to maintain an allowance for loan losses at a level considered adequate to provide for probable incurred credit losses at the balance sheet date. The allowance for loan losses is a valuation allowance increased by the provision for loan losses and decreased by net charge-offs. Loan losses are charged against the allowance when management believes the uncollectibility of a loan is confirmed. Subsequent recoveries, if any, are credited to the allowance. | |||
The Company estimates the adequacy of the allowance using a risk-rated methodology which is based on the Company’s past loan loss experience, known and inherent risks in the loan portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral securing loans, composition of the loan portfolio, current economic conditions, and other relevant factors. This evaluation is inherently subjective as it requires significant judgment and the use of estimates that may be susceptible to change. | |||
The allowance for loan losses consists of specific and general components. The specific component relates to loans that are individually classified as impaired. The general component covers non-impaired loans and is based on historical loss experience adjusted for current risk factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in management’s judgment, should be charged off. Actual loan losses could differ significantly from the amounts estimated by management. | |||
The Company’s risk-rated methodology includes segregating non-impaired watch list and past due loans from the general portfolio and allocating a loss percentage to these loans depending on their status. For example, watch list loans, which may be identified by the internal loan review risk-rating process or by regulatory examiner classification, are assigned a certain loss percentage while loans past due 30 days or more are assigned a different loss percentage. Each of these percentages considers past experience as well as current factors. The remainder of the general loan portfolio is segregated into portfolio segments having similar risk characteristics identified as follows: real estate loans, commercial loans, and consumer loans. Each of these portfolio segments is assigned a loss percentage based on their respective sixteen quarter rolling historical loss rates, adjusted for qualitative risk factors. | |||
The qualitative risk factors used in the methodology are consistent with the guidance in the most recent Interagency Policy Statement on the Allowance for Loan Losses issued. Each factor is supported by a detailed analysis performed at each subsidiary bank and is both measureable and supportable. Some factors include a minimum allocation in some instances where loss levels are extremely low and it is determined to be prudent from a safety and soundness perspective. Qualitative risk factors that are used in the methodology include the following for each loan portfolio segment: | |||
● | Delinquency trends | ||
● | Trends in net charge-offs | ||
● | Trends in loan volume | ||
● | Lending philosophy risk | ||
● | Management experience risk | ||
● | Concentration of credit risk | ||
● | Economic conditions risk | ||
A loan is impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings and classified as impaired. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. | |||
The Company accounts for impaired loans in accordance with Accounting Standards Codification (“ASC”) Topic 310, “Receivables.” ASC Topic 310 requires that impaired loans be measured at the present value of expected future cash flows, discounted at the loan’s effective interest rate, at the loan’s observable market price, or at the fair value of the collateral if the loan is collateral dependent. Impaired loans may also be classified as nonaccrual. In many circumstances, however, the Company continues to accrue interest on an impaired loan. Cash receipts on accruing impaired loans are applied to the recorded investment in the loan, including any accrued interest receivable. Cash payments received on nonaccrual impaired loans generally are applied to principal until qualifying for return to accrual status. Loans that are part of a large group of smaller-balance homogeneous loans, such as residential mortgage, consumer, and smaller-balance commercial loans, are collectively evaluated for impairment. Troubled debt restructurings are measured at the present value of estimated future cash flows using the loan’s effective interest rate at inception, or at the fair value of collateral. The Company determines the amount of reserve for troubled debt restructurings that subsequently default in accordance with its accounting policy for the allowance for loan losses. | |||
New Accounting Pronouncements, Policy [Policy Text Block] | ' | ||
Recently Issued AccountingStandards | |||
In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360 - Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. This ASU changes the requirements for reporting discontinued operations and seeks to enhance the FASB and International Accounting Standards Board’s (“IASB”) convergence project regarding such reporting requirements. A discontinued operation may include a component of an entity, a group of components of an entity, a business or a non-profit activity. A disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has, or will have, a major effect on an entity’s operations and financial results. This ASU, which is intended to reduce the frequency of disposals reported as discontinued operations, requires additional disclosures regarding discontinued operations. Those disclosures include among others, the requirement that an entity present, for each comparative period, the assets and liabilities of a disposal group that includes a discontinued operation separately in the asset and liability sections, respectively, of the statement of financial position. | |||
For the Company, the guidance of ASU 2014-08 is effective prospectively for annual periods beginning on or after December 15, 2014, and interim periods within that year. The Company does not expect there to be a material impact on its consolidated financial position, results of operations, or cash flows upon adoption. | |||
In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), as part of a joint project with the IASB to clarify revenue-recognition principles and develop a common revenue standard for U.S. GAAP and International Financial Reporting Standards (“IFRS”). ASU No. 2014-09 is expected to remove inconsistencies and weaknesses in revenue requirements and improve comparability of revenue recognition practices across entities, industries, jurisdictions and capital markets. The scope of the new ASU includes all contracts with customers to provide goods or services in the ordinary course of business, except the following contracts that are specifically excluded from the scope: | |||
● | Lease contracts within the scope of ASC 840 | ||
● | Insurance contracts within the scope of ASC 944 | ||
● | Financial instruments and other contractual rights or obligations (e.g., receivables, debt and equity securities, derivatives) | ||
● | Guarantees (other than product or service warranties) within the scope of ASC 460 | ||
● | Nonmonetary exchanges between entities in the same line of business to facilitate sales to customers other than the parties to the exchange | ||
The primary principle of ASU 2014-09 is that entities 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. To achieve this core principle, the guidance provides that an entity should apply the following steps: (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when, or as, the entity satisfies a performance obligation. | |||
The amendments in this ASU are effective for the Company in annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. Entities should apply the amendments either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying this ASU recognized at the date of initial application. If an entity elects the second method, then it should also provide the additional disclosures in reporting periods that include the date of initial application of (1) the amount by which each financial statement line item is affected in the current reporting period, as compared to the guidance that was in effect before the change, and (2) an explanation of the reasons for significant changes. The Company is currently evaluating the potential impact of ASU 2014-09 on its consolidated financial position, results of operations, and cash flows. | |||
Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows. |
Note_3_Accumulated_Other_Compr1
Note 3 - Accumulated Other Comprehensive Income (Tables) | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||||||||||||||
Three months ended June 30, | 2014 | 2013 | |||||||||||||||||||||||
(In thousands) | Unrealized | Postretirement | Total | Unrealized | Total | ||||||||||||||||||||
Gains and | Benefit | Gains and | Postretirement | ||||||||||||||||||||||
Losses on | Obligation | Losses on | Benefit | ||||||||||||||||||||||
Available for | Available for | Obligation | |||||||||||||||||||||||
Sale | Sale | ||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||
Securities | Securities | ||||||||||||||||||||||||
Beginning balance | $ | 63 | $ | 434 | $ | 497 | $ | 8,480 | $ | (2,498 | ) | $ | 5,982 | ||||||||||||
Other comprehensive income (loss) before reclassifications | 4,973 | - | 4,973 | (10,250 | ) | - | (10,250 | ) | |||||||||||||||||
Amounts reclassified from accumulated other comprehensive income | (15 | ) | 23 | 8 | (40 | ) | 44 | 4 | |||||||||||||||||
Net current-period other comprehensive income (loss) | 4,958 | 23 | 4,981 | (10,290 | ) | 44 | (10,246 | ) | |||||||||||||||||
Ending balance | $ | 5,021 | $ | 457 | $ | 5,478 | $ | (1,810 | ) | $ | (2,454 | ) | $ | (4,264 | ) | ||||||||||
Six months ended June 30, | 2014 | 2013 | |||||||||||||||||||||||
(In thousands) | Unrealized | Postretirement | Total | Unrealized | Postretirement | Total | |||||||||||||||||||
Gains and | Benefit | Gains and | Benefit | ||||||||||||||||||||||
Losses on | Obligation | Losses on | Obligation | ||||||||||||||||||||||
Available for | Available for | ||||||||||||||||||||||||
Sale | Sale | ||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||
Securities | Securities | ||||||||||||||||||||||||
Beginning balance | $ | (3,623 | ) | $ | 411 | $ | (3,212 | ) | $ | 9,411 | $ | (2,542 | ) | $ | 6,869 | ||||||||||
Other comprehensive income (loss) before reclassifications | 8,577 | - | 8,577 | (11,188 | ) | - | (11,188 | ) | |||||||||||||||||
Amounts reclassified from accumulated other comprehensive income | 67 | 46 | 113 | (33 | ) | 88 | 55 | ||||||||||||||||||
Net current-period other comprehensive income (loss) | 8,644 | 46 | 8,690 | (11,221 | ) | 88 | (11,133 | ) | |||||||||||||||||
Ending balance | $ | 5,021 | $ | 457 | $ | 5,478 | $ | (1,810 | ) | $ | (2,454 | ) | $ | (4,264 | ) | ||||||||||
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | ' | ||||||||||||||||||||||||
Amount Reclassified from Accumulated Other | Affected Line Item in the | ||||||||||||||||||||||||
Comprehensive Income | Statement Where Net Income is | ||||||||||||||||||||||||
Presented | |||||||||||||||||||||||||
Three months ended | Six months ended | ||||||||||||||||||||||||
June 30, | June 30, | ||||||||||||||||||||||||
(In thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
Unrealized gains and losses on available for sale investment securities | $ | 23 | $ | 62 | $ | (103 | ) | $ | 51 | Investment securities losses, net | |||||||||||||||
(8 | ) | (22 | ) | 36 | (18 | ) | Income tax expense | ||||||||||||||||||
$ | 15 | $ | 40 | $ | (67 | ) | $ | 33 | Net of tax | ||||||||||||||||
Amortization related to postretirement benefits | |||||||||||||||||||||||||
Prior service costs | $ | (52 | ) | $ | (64 | ) | $ | (104 | ) | $ | (128 | ) | Salaries and employee benefits | ||||||||||||
Actuarial gains (losses) | 16 | (3 | ) | 33 | (6 | ) | Salaries and employee benefits | ||||||||||||||||||
(36 | ) | (67 | ) | (71 | ) | (134 | ) | Total before tax | |||||||||||||||||
13 | 23 | 25 | 46 | Income tax benefit | |||||||||||||||||||||
$ | (23 | ) | $ | (44 | ) | $ | (46 | ) | $ | (88 | ) | Net of tax | |||||||||||||
Total reclassifications for the period | $ | (8 | ) | $ | (4 | ) | $ | (113 | ) | $ | (55 | ) | Net of tax |
Note_5_Net_Income_Per_Common_S1
Note 5 - Net Income Per Common Share (Tables) | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||
June 30, | June 30, | ||||||||||||||||
(In thousands, except per share data) | 2014 | 2013 | 2014 | 2013 | |||||||||||||
Net income, basic and diluted | $ | 4,824 | $ | 3,547 | $ | 8,194 | $ | 7,339 | |||||||||
Less preferred stock dividends and discount accretion | 563 | 487 | 1,100 | 972 | |||||||||||||
Net income available to common shareholders, basic and diluted | $ | 4,261 | $ | 3,060 | $ | 7,094 | $ | 6,367 | |||||||||
Average common shares issued and outstanding, basic and diluted | 7,482 | 7,473 | 7,481 | 7,471 | |||||||||||||
Net income per common share, basic and diluted | $ | 0.57 | $ | 0.41 | $ | 0.95 | $ | 0.85 |
Note_6_Investment_Securities_T
Note 6 - Investment Securities (Tables) | 6 Months Ended | ||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Schedule of AFS and HTM Reconciliation [Table Text Block] | ' | ||||||||||||||||||||||||
June 30, 2014 (In thousands) | Amortized | Gross | Gross | Estimated | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
Available For Sale | |||||||||||||||||||||||||
Obligations of U.S. government-sponsored entities | $ | 98,241 | $ | 292 | $ | 1,303 | $ | 97,230 | |||||||||||||||||
Obligations of states and political subdivisions | 130,947 | 2,920 | 586 | 133,281 | |||||||||||||||||||||
Mortgage-backed securities – residential | 370,687 | 8,777 | 1,945 | 377,519 | |||||||||||||||||||||
Mortgage-backed securities – commercial | 741 | - | 26 | 715 | |||||||||||||||||||||
Corporate debt securities | 6,925 | 45 | 478 | 6,492 | |||||||||||||||||||||
Mutual funds and equity securities | 992 | 28 | 1 | 1,019 | |||||||||||||||||||||
Total securities – available for sale | $ | 608,533 | $ | 12,062 | $ | 4,339 | $ | 616,256 | |||||||||||||||||
Held To Maturity | |||||||||||||||||||||||||
Obligations of states and political subdivisions | $ | 3,814 | $ | 149 | $ | - | $ | 3,963 | |||||||||||||||||
December 31, 2013 (In thousands) | Amortized | Gross | Gross | Estimated | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Fair Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
Available For Sale | |||||||||||||||||||||||||
Obligations of U.S. government-sponsored entities | $ | 96,750 | $ | 155 | $ | 3,155 | $ | 93,750 | |||||||||||||||||
Obligations of states and political subdivisions | 132,311 | 2,056 | 2,397 | 131,970 | |||||||||||||||||||||
Mortgage-backed securities – residential | 379,238 | 5,071 | 6,232 | 378,077 | |||||||||||||||||||||
Mortgage-backed securities – commercial | 748 | - | 59 | 689 | |||||||||||||||||||||
Corporate debt securities | 7,266 | 40 | 1,049 | 6,257 | |||||||||||||||||||||
Mutual funds and equity securities | 2,082 | 15 | 20 | 2,077 | |||||||||||||||||||||
Total securities – available for sale | $ | 618,395 | $ | 7,337 | $ | 12,912 | $ | 612,820 | |||||||||||||||||
Held To Maturity | |||||||||||||||||||||||||
Obligations of states and political subdivisions | $ | 765 | $ | 62 | $ | - | $ | 827 | |||||||||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] | ' | ||||||||||||||||||||||||
Available For Sale | Held To Maturity | ||||||||||||||||||||||||
Amortized | Estimated | Amortized | Estimated | ||||||||||||||||||||||
June 30, 2014 (In thousands) | Cost | Fair Value | Cost | Fair Value | |||||||||||||||||||||
Due in one year or less | $ | 8,368 | $ | 8,391 | $ | - | $ | - | |||||||||||||||||
Due after one year through five years | 123,957 | 124,798 | - | - | |||||||||||||||||||||
Due after five years through ten years | 86,163 | 86,514 | 765 | 846 | |||||||||||||||||||||
Due after ten years | 17,625 | 17,300 | 3,049 | 3,117 | |||||||||||||||||||||
Mortgage-backed securities | 371,428 | 378,234 | - | - | |||||||||||||||||||||
Total | $ | 607,541 | $ | 615,237 | $ | 3,814 | $ | 3,963 | |||||||||||||||||
Realized Gain (Loss) on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||||||||
June 30, | June 30, | ||||||||||||||||||||||||
(In thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
Gross realized gains | $ | 19 | $ | 3 | $ | 178 | $ | 3 | |||||||||||||||||
Gross realized losses | 103 | 63 | 253 | 63 | |||||||||||||||||||||
Net realized loss | $ | (84 | ) | $ | (60 | ) | $ | (75 | ) | $ | (60 | ) | |||||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
June 30, 2014 (In thousands) | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
Obligations of U.S. government-sponsored entities | $ | 3,391 | $ | 12 | $ | 66,769 | $ | 1,291 | $ | 70,160 | $ | 1,303 | |||||||||||||
Obligations of states and political subdivisions | 9,739 | 17 | 31,756 | 569 | 41,495 | 586 | |||||||||||||||||||
Mortgage-backed securities – residential | 10,303 | 37 | 101,240 | 1,908 | 111,543 | 1,945 | |||||||||||||||||||
Mortgage-backed securities – commercial | - | - | 715 | 26 | 715 | 26 | |||||||||||||||||||
Corporate debt securities | - | - | 5,395 | 478 | 5,395 | 478 | |||||||||||||||||||
Mutual funds and equity securities | - | - | 154 | 1 | 154 | 1 | |||||||||||||||||||
Total | $ | 23,433 | $ | 66 | $ | 206,029 | $ | 4,273 | $ | 229,462 | $ | 4,339 | |||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
December 31, 2013 (In thousands) | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
Obligations of U.S. government-sponsored entities | $ | 65,094 | $ | 2,434 | $ | 11,830 | $ | 721 | $ | 76,924 | $ | 3,155 | |||||||||||||
Obligations of states and political subdivisions | 48,715 | 1,594 | 15,095 | 803 | 63,810 | 2,397 | |||||||||||||||||||
Mortgage-backed securities – residential | 219,032 | 5,199 | 16,306 | 1,033 | 235,338 | 6,232 | |||||||||||||||||||
Mortgage-backed securities – commercial | 689 | 59 | - | - | 689 | 59 | |||||||||||||||||||
Corporate debt securities | 80 | - | 4,816 | 1,049 | 4,896 | 1,049 | |||||||||||||||||||
Mutual funds and equity securities | 716 | 17 | 22 | 3 | 738 | 20 | |||||||||||||||||||
Total | $ | 334,326 | $ | 9,303 | $ | 48,069 | $ | 3,609 | $ | 382,395 | $ | 12,912 |
Note_7_Loans_and_Allowance_for1
Note 7 - Loans and Allowance for Loan Losses (Tables) | 6 Months Ended | ||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||
Note 7 - Loans and Allowance for Loan Losses (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | ||||||||||||||||||||||||||||
(In thousands) | June 30, | December 31, | |||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
Real estate mortgage - construction and land development | $ | 97,769 | $ | 101,352 | |||||||||||||||||||||||||
Real estate mortgage - residential | 365,969 | 371,582 | |||||||||||||||||||||||||||
Real estate mortgage - farmland and other commercial enterprises | 392,910 | 418,147 | |||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 52,713 | 47,426 | |||||||||||||||||||||||||||
States and political subdivisions | 25,150 | 21,561 | |||||||||||||||||||||||||||
Lease financing | 398 | 902 | |||||||||||||||||||||||||||
Other | 20,769 | 23,840 | |||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Secured | 8,836 | 8,579 | |||||||||||||||||||||||||||
Unsecured | 5,670 | 6,513 | |||||||||||||||||||||||||||
Total loans | 970,184 | 999,902 | |||||||||||||||||||||||||||
Less unearned income | 5 | 19 | |||||||||||||||||||||||||||
Total loans, net of unearned income | $ | 970,179 | $ | 999,883 | |||||||||||||||||||||||||
Allowance for Credit Losses on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
(In thousands) | Real Estate | Commercial | Consumer | Total | |||||||||||||||||||||||||
Three months ended June 30, 2014 | |||||||||||||||||||||||||||||
Balance, beginning of period | $ | 17,114 | $ | 1,201 | $ | 375 | $ | 18,690 | |||||||||||||||||||||
Provision for loan losses | (1,603 | ) | 205 | 10 | (1,388 | ) | |||||||||||||||||||||||
Recoveries | 189 | 18 | 39 | 246 | |||||||||||||||||||||||||
Loans charged off | (252 | ) | (86 | ) | (87 | ) | (425 | ) | |||||||||||||||||||||
Balance, end of period | $ | 15,448 | $ | 1,338 | $ | 337 | $ | 17,123 | |||||||||||||||||||||
Six months ended June 30, 2014 | |||||||||||||||||||||||||||||
Balance, beginning of period | $ | 18,716 | $ | 1,409 | $ | 452 | $ | 20,577 | |||||||||||||||||||||
Provision for loan losses | (2,359 | ) | 1,130 | (27 | ) | (1,256 | ) | ||||||||||||||||||||||
Recoveries | 357 | 45 | 74 | 476 | |||||||||||||||||||||||||
Loans charged off | (1,266 | ) | (1,246 | ) | (162 | ) | (2,674 | ) | |||||||||||||||||||||
Balance, end of period | $ | 15,448 | $ | 1,338 | $ | 337 | $ | 17,123 | |||||||||||||||||||||
(In thousands) | Real Estate | Commercial | Consumer | Total | |||||||||||||||||||||||||
Three months ended June 30, 2013 | |||||||||||||||||||||||||||||
Balance, beginning of period | $ | 21,402 | $ | 1,558 | $ | 603 | $ | 23,563 | |||||||||||||||||||||
Provision for loan losses | (848 | ) | 624 | (138 | ) | (362 | ) | ||||||||||||||||||||||
Recoveries | 48 | 14 | 114 | 176 | |||||||||||||||||||||||||
Loans charged off | (362 | ) | (19 | ) | (53 | ) | (434 | ) | |||||||||||||||||||||
Balance, end of period | $ | 20,240 | $ | 2,177 | $ | 526 | $ | 22,943 | |||||||||||||||||||||
Six months ended June 30, 2013 | |||||||||||||||||||||||||||||
Balance, beginning of period | $ | 22,254 | $ | 1,513 | $ | 678 | $ | 24,445 | |||||||||||||||||||||
Provision for loan losses | (1,500 | ) | 617 | (111 | ) | (994 | ) | ||||||||||||||||||||||
Recoveries | 184 | 97 | 150 | 431 | |||||||||||||||||||||||||
Loans charged off | (698 | ) | (50 | ) | (191 | ) | (939 | ) | |||||||||||||||||||||
Balance, end of period | $ | 20,240 | $ | 2,177 | $ | 526 | $ | 22,943 | |||||||||||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
Unpaid | Recorded | Recorded | Total | Allowance | |||||||||||||||||||||||||
June 30, 2014 (In thousands) | Principal | Investment | Investment | Recorded | for | ||||||||||||||||||||||||
Balance | With No | With | Investment | Loan Losses | |||||||||||||||||||||||||
Allowance | Allowance | Allocated | |||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Real estate mortgage - construction and land development | $ | 15,753 | $ | 8,566 | $ | 4,400 | $ | 12,966 | $ | 856 | |||||||||||||||||||
Real estate mortgage - residential | 10,930 | 3,980 | 6,645 | 10,625 | 1,195 | ||||||||||||||||||||||||
Real estate mortgage - farmland and other commercial enterprises | 25,833 | 7,126 | 18,600 | 25,726 | 1,278 | ||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||||||
Commercial and industrial | 240 | 23 | 217 | 240 | 195 | ||||||||||||||||||||||||
Consumer | |||||||||||||||||||||||||||||
Unsecured | 66 | - | 66 | 66 | 66 | ||||||||||||||||||||||||
Total | $ | 52,822 | $ | 19,695 | $ | 29,928 | $ | 49,623 | $ | 3,590 | |||||||||||||||||||
Unpaid | Recorded | Recorded | Total | Allowance | |||||||||||||||||||||||||
December 31, 2013 (In thousands) | Principal | Investment | Investment | Recorded | for | ||||||||||||||||||||||||
Balance | With No | With | Investment | Loan Losses | |||||||||||||||||||||||||
Allowance | Allowance | Allocated | |||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Real estate mortgage - construction and land development | $ | 17,234 | $ | 9,742 | $ | 4,699 | $ | 14,441 | $ | 930 | |||||||||||||||||||
Real estate mortgage - residential | 11,595 | 2,871 | 8,612 | 11,483 | 1,443 | ||||||||||||||||||||||||
Real estate mortgage - farmland and other commercial enterprises | 32,102 | 12,262 | 19,746 | 32,008 | 1,443 | ||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||||||
Commercial and industrial | 311 | 24 | 293 | 317 | 200 | ||||||||||||||||||||||||
Consumer | |||||||||||||||||||||||||||||
Secured | 18 | - | 18 | 18 | 15 | ||||||||||||||||||||||||
Unsecured | 71 | - | 72 | 72 | 71 | ||||||||||||||||||||||||
Total | $ | 61,331 | $ | 24,899 | $ | 33,440 | $ | 58,339 | $ | 4,102 | |||||||||||||||||||
Loans and ALL Disaggregated Impairment Method [Table Text Block] | ' | ||||||||||||||||||||||||||||
June 30, 2014 (In thousands) | Real Estate | Commercial | Consumer | Total | |||||||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,329 | $ | 195 | $ | 66 | $ | 3,590 | |||||||||||||||||||||
Collectively evaluated for impairment | 12,119 | 1,143 | 271 | 13,533 | |||||||||||||||||||||||||
Total ending allowance balance | $ | 15,448 | $ | 1,338 | $ | 337 | $ | 17,123 | |||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 49,317 | $ | 240 | $ | 66 | $ | 49,623 | |||||||||||||||||||||
Loans collectively evaluated for impairment | 807,331 | 98,785 | 14,440 | 920,556 | |||||||||||||||||||||||||
Total ending loan balance, net of unearned income | $ | 856,648 | $ | 99,025 | $ | 14,506 | $ | 970,179 | |||||||||||||||||||||
December 31, 2013 (In thousands) | Real Estate | Commercial | Consumer | Total | |||||||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,816 | $ | 200 | $ | 86 | $ | 4,102 | |||||||||||||||||||||
Collectively evaluated for impairment | 14,900 | 1,209 | 366 | 16,475 | |||||||||||||||||||||||||
Total ending allowance balance | $ | 18,716 | $ | 1,409 | $ | 452 | $ | 20,577 | |||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 57,932 | $ | 317 | $ | 90 | $ | 58,339 | |||||||||||||||||||||
Loans collectively evaluated for impairment | 833,149 | 93,393 | 15,002 | 941,544 | |||||||||||||||||||||||||
Total ending loan balance, net of unearned income | $ | 891,081 | $ | 93,710 | $ | 15,092 | $ | 999,883 | |||||||||||||||||||||
Non-performing Loans Including TDR's [Table Text Block] | ' | ||||||||||||||||||||||||||||
June 30, 2014 (In thousands) | Nonaccrual | Restructured | Loans Past | ||||||||||||||||||||||||||
Loans | Due 90 Days | ||||||||||||||||||||||||||||
or More and | |||||||||||||||||||||||||||||
Still Accruing | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
Real estate mortgage - construction and land development | $ | 4,794 | $ | 4,219 | $ | - | |||||||||||||||||||||||
Real estate mortgage - residential | 5,149 | 4,532 | - | ||||||||||||||||||||||||||
Real estate mortgage - farmland and other commercial enterprises | 7,937 | 16,657 | - | ||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 199 | - | - | ||||||||||||||||||||||||||
Other | 11 | - | - | ||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Secured | 5 | - | - | ||||||||||||||||||||||||||
Unsecured | - | 48 | - | ||||||||||||||||||||||||||
Total | $ | 18,095 | $ | 25,456 | $ | - | |||||||||||||||||||||||
December 31, 2013 (In thousands) | Nonaccrual | Restructured | Loans Past | ||||||||||||||||||||||||||
Loans | Due 90 Days | ||||||||||||||||||||||||||||
or More and | |||||||||||||||||||||||||||||
Still Accruing | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
Real estate mortgage - construction and land development | $ | 5,821 | $ | 4,391 | $ | - | |||||||||||||||||||||||
Real estate mortgage - residential | 5,154 | 4,826 | 10 | ||||||||||||||||||||||||||
Real estate mortgage - farmland and other commercial enterprises | 12,677 | 16,987 | 434 | ||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 160 | - | - | ||||||||||||||||||||||||||
Lease financing | 22 | - | - | ||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Secured | 3 | - | - | ||||||||||||||||||||||||||
Unsecured | 1 | 51 | - | ||||||||||||||||||||||||||
Total | $ | 23,838 | $ | 26,255 | $ | 444 | |||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
(Dollars in thousands) | Number | Pre-Modification | Post-Modification | ||||||||||||||||||||||||||
of Loans | Outstanding | Outstanding | |||||||||||||||||||||||||||
Troubled Debt Restructurings: | Recorded | Recorded | |||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
Three Months Ended June 30, 2013 | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
Real estate mortgage – residential | 1 | $ | 18 | $ | 18 | ||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 1 | 2 | 2 | ||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Secured | 1 | 13 | 13 | ||||||||||||||||||||||||||
Total | 3 | $ | 33 | $ | 33 | ||||||||||||||||||||||||
Six Months Ended June 30, 2013 | |||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
Real estate mortgage – residential | 3 | $ | 309 | $ | 309 | ||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 1 | 2 | 2 | ||||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Secured | 1 | 13 | 13 | ||||||||||||||||||||||||||
Total | 5 | $ | 324 | $ | 324 | ||||||||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
June 30, 2014 (In thousands) | 30-89 | 90 Days | Total | Current | Total | ||||||||||||||||||||||||
Days | or More | Loans | |||||||||||||||||||||||||||
Past Due | Past Due | ||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
Real estate mortgage - construction and land development | $ | 568 | $ | 317 | $ | 885 | $ | 96,884 | $ | 97,769 | |||||||||||||||||||
Real estate mortgage - residential | 2,771 | 2,822 | 5,593 | 360,376 | 365,969 | ||||||||||||||||||||||||
Real estate mortgage - farmland and other commercial enterprises | 444 | 6,278 | 6,722 | 386,188 | 392,910 | ||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 45 | 176 | 221 | 52,492 | 52,713 | ||||||||||||||||||||||||
States and political subdivisions | - | - | - | 25,150 | 25,150 | ||||||||||||||||||||||||
Lease financing, net | 171 | - | 171 | 222 | 393 | ||||||||||||||||||||||||
Other | 25 | - | 25 | 20,744 | 20,769 | ||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Secured | 56 | 2 | 58 | 8,778 | 8,836 | ||||||||||||||||||||||||
Unsecured | 58 | - | 58 | 5,612 | 5,670 | ||||||||||||||||||||||||
Total | $ | 4,138 | $ | 9,595 | $ | 13,733 | $ | 956,446 | $ | 970,179 | |||||||||||||||||||
December 31, 2013 (In thousands) | 30-89 | 90 Days | Total | Current | Total | ||||||||||||||||||||||||
Days | or More | Loans | |||||||||||||||||||||||||||
Past Due | Past Due | ||||||||||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||||||
Real estate mortgage - construction and land development | $ | 58 | $ | 613 | $ | 671 | $ | 100,681 | $ | 101,352 | |||||||||||||||||||
Real estate mortgage - residential | 1,225 | 2,502 | 3,727 | 367,855 | 371,582 | ||||||||||||||||||||||||
Real estate mortgage - farmland and other commercial enterprises | 3,548 | 7,978 | 11,526 | 406,621 | 418,147 | ||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||
Commercial and industrial | 71 | 53 | 124 | 47,302 | 47,426 | ||||||||||||||||||||||||
States and political subdivisions | - | - | - | 21,561 | 21,561 | ||||||||||||||||||||||||
Lease financing, net | - | 22 | 22 | 861 | 883 | ||||||||||||||||||||||||
Other | 56 | - | 56 | 23,784 | 23,840 | ||||||||||||||||||||||||
Consumer: | |||||||||||||||||||||||||||||
Secured | 41 | 3 | 44 | 8,535 | 8,579 | ||||||||||||||||||||||||
Unsecured | 58 | 1 | 59 | 6,454 | 6,513 | ||||||||||||||||||||||||
Total | $ | 5,057 | $ | 11,172 | $ | 16,229 | $ | 983,654 | $ | 999,883 | |||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||
Real Estate | Commercial | ||||||||||||||||||||||||||||
30-Jun-14 | Real Estate | Real Estate | Real Estate | Commercial | States and | Lease | Other | ||||||||||||||||||||||
(In thousands) | Mortgage - | Mortgage- | Mortgage- | and | Political | Financing | |||||||||||||||||||||||
Construction | Residential | Farmland | Industrial | Subdivisions | |||||||||||||||||||||||||
and Land | and Other | ||||||||||||||||||||||||||||
Development | Commercial | ||||||||||||||||||||||||||||
Enterprises | |||||||||||||||||||||||||||||
Credit risk profile by internally assigned rating grades: | |||||||||||||||||||||||||||||
Pass | $ | 75,835 | $ | 332,358 | $ | 345,066 | $ | 50,930 | $ | 25,150 | $ | 393 | $ | 20,691 | |||||||||||||||
Special Mention | 7,207 | 12,219 | 16,532 | 785 | - | - | 59 | ||||||||||||||||||||||
Substandard | 14,727 | 21,392 | 30,837 | 998 | - | - | 19 | ||||||||||||||||||||||
Doubtful | - | - | 475 | - | - | - | - | ||||||||||||||||||||||
Total | $ | 97,769 | $ | 365,969 | $ | 392,910 | $ | 52,713 | $ | 25,150 | $ | 393 | $ | 20,769 | |||||||||||||||
Real Estate | Commercial | ||||||||||||||||||||||||||||
31-Dec-13 | Real Estate | Real Estate | Real Estate | Commercial | States and | Lease | Other | ||||||||||||||||||||||
(In thousands) | Mortgage - | Mortgage- | Mortgage- | and | Political | Financing | |||||||||||||||||||||||
Construction | Residential | Farmland | Industrial | Subdivisions | |||||||||||||||||||||||||
and Land | and Other | ||||||||||||||||||||||||||||
Development | Commercial | ||||||||||||||||||||||||||||
Enterprises | |||||||||||||||||||||||||||||
Credit risk profile by internally assigned rating grades: | |||||||||||||||||||||||||||||
Pass | $ | 77,873 | $ | 334,104 | $ | 352,238 | $ | 45,652 | $ | 21,561 | $ | 861 | $ | 23,820 | |||||||||||||||
Special Mention | 7,755 | 15,120 | 29,156 | 963 | - | - | - | ||||||||||||||||||||||
Substandard | 15,724 | 22,358 | 36,753 | 735 | - | 22 | 20 | ||||||||||||||||||||||
Doubtful | - | - | - | 76 | - | - | - | ||||||||||||||||||||||
Total | $ | 101,352 | $ | 371,582 | $ | 418,147 | $ | 47,426 | $ | 21,561 | $ | 883 | $ | 23,840 | |||||||||||||||
Credit Quality Consumer Loans [Table Text Block] | ' | ||||||||||||||||||||||||||||
30-Jun-14 | 31-Dec-13 | ||||||||||||||||||||||||||||
Consumer | Consumer | ||||||||||||||||||||||||||||
(In thousands) | Secured | Unsecured | Secured | Unsecured | |||||||||||||||||||||||||
Credit risk profile based on payment activity: | |||||||||||||||||||||||||||||
Performing | $ | 8,831 | $ | 5,622 | $ | 8,576 | $ | 6,461 | |||||||||||||||||||||
Nonperforming | 5 | 48 | 3 | 52 | |||||||||||||||||||||||||
Total | $ | 8,836 | $ | 5,670 | $ | 8,579 | $ | 6,513 | |||||||||||||||||||||
Additional Information Regarding Impaired Loans [Member] | ' | ||||||||||||||||||||||||||||
Note 7 - Loans and Allowance for Loan Losses (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||
Three Months Ended June 30, | 2014 | 2013 | |||||||||||||||||||||||||||
(In thousands) | Average | Interest | Cash Basis | Average | Interest | Cash Basis | |||||||||||||||||||||||
Income | Interest | Income | Interest | ||||||||||||||||||||||||||
Recognized | Recognized | Recognized | Recognized | ||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Real estate – construction and land development | $ | 15,452 | $ | 120 | $ | 118 | $ | 24,159 | $ | 338 | $ | 347 | |||||||||||||||||
Real estate mortgage – residential | 11,059 | 147 | 141 | 10,836 | 87 | 83 | |||||||||||||||||||||||
Real estate mortgage – farmland and other commercial enterprises | 26,295 | 359 | 346 | 28,209 | 236 | 236 | |||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||||||
Commercial and industrial | 245 | 3 | 3 | 1,154 | 29 | 29 | |||||||||||||||||||||||
Consumer | |||||||||||||||||||||||||||||
Secured | - | - | - | 21 | 1 | 1 | |||||||||||||||||||||||
Unsecured | 68 | - | - | 215 | 3 | 4 | |||||||||||||||||||||||
Total | $ | 53,119 | $ | 629 | $ | 608 | $ | 64,594 | $ | 694 | $ | 700 | |||||||||||||||||
Six Months Ended June 30, | 2014 | 2013 | |||||||||||||||||||||||||||
(In thousands) | Average | Interest | Cash Basis | Average | Interest | Cash Basis | |||||||||||||||||||||||
Income | Interest | Income | Interest | ||||||||||||||||||||||||||
Recognized | Recognized | Recognized | Recognized | ||||||||||||||||||||||||||
Real Estate | |||||||||||||||||||||||||||||
Real estate – construction and land development | $ | 15,537 | $ | 233 | $ | 229 | $ | 25,047 | $ | 691 | $ | 689 | |||||||||||||||||
Real estate mortgage – residential | 11,384 | 262 | 250 | 9,569 | 172 | 163 | |||||||||||||||||||||||
Real estate mortgage – farmland and other commercial enterprises | 30,222 | 745 | 722 | 29,692 | 484 | 478 | |||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||||||
Commercial and industrial | 247 | 4 | 3 | 930 | 33 | 33 | |||||||||||||||||||||||
Consumer | |||||||||||||||||||||||||||||
Secured | 9 | - | - | 21 | 1 | 1 | |||||||||||||||||||||||
Unsecured | 69 | 4 | 3 | 214 | 6 | 6 | |||||||||||||||||||||||
Total | $ | 57,468 | $ | 1,248 | $ | 1,207 | $ | 65,473 | $ | 1,387 | $ | 1,370 |
Note_8_Other_Real_Estate_Owned1
Note 8 - Other Real Estate Owned (Tables) | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
OREO Detail [Table Text Block] | ' | ||||||||
(In thousands) | June 30, | December 31, | |||||||
2014 | 2013 | ||||||||
Construction and land development | $ | 21,106 | $ | 23,504 | |||||
Residential real estate | 2,004 | 2,695 | |||||||
Farmland and other commercial enterprises | 15,924 | 11,627 | |||||||
Total | $ | 39,034 | $ | 37,826 | |||||
OREO Activity [Table Text Block] | ' | ||||||||
Six months ended June 30, (In thousands) | 2014 | 2013 | |||||||
Beginning balance | $ | 37,826 | $ | 52,562 | |||||
Transfers from loans and other increases | 6,978 | 5,279 | |||||||
Proceeds from sales | (4,262 | ) | (9,619 | ) | |||||
(Loss) gain on sales, net | (94 | ) | 280 | ||||||
Write downs and other decreases, net | (1,414 | ) | (2,037 | ) | |||||
Ending balance | $ | 39,034 | $ | 46,465 |
Note_9_Postretirement_Medical_1
Note 9 - Postretirement Medical Benefits (Tables) | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Schedule of Net Benefit Costs [Table Text Block] | ' | ||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||
June 30, | June 30, | ||||||||||||||||
(In thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||
Service cost | $ | 120 | $ | 158 | $ | 241 | $ | 315 | |||||||||
Interest cost | 143 | 138 | 285 | 276 | |||||||||||||
Recognized prior service cost | 52 | 64 | 104 | 128 | |||||||||||||
Recognized net actuarial gain | (16 | ) | - | (32 | ) | - | |||||||||||
Net periodic benefit cost | $ | 299 | $ | 360 | $ | 598 | $ | 719 |
Note_10_Regulatory_Matters_Tab
Note 10 - Regulatory Matters (Tables) | 6 Months Ended | |||||||
Jun. 30, 2014 | ||||||||
Disclosure Text Block [Abstract] | ' | |||||||
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | ' | |||||||
30-Jun-14 | 31-Dec-13 | |||||||
Tier 1 | Total | Tier 1 | Tier 1 | Total | Tier 1 | |||
Risk-based | Risk-based | Leverage2 | Risk-based | Risk-based | Leverage2 | |||
Capital1 | Capital1 | Capital1 | Capital1 | |||||
Consolidated | 19.43% | 20.69% | 11.99% | 18.95% | 20.21% | 11.90% | ||
Farmers Bank | 18.08 | 19.33 | 9.71 | 17.56 | 18.82 | 9.60 | ||
United Bank | 16.16 | 17.43 | 10.31 | 15.06 | 16.33 | 9.67 | ||
First Citizens | 13.39 | 14.07 | 9.20 | 12.92 | 13.67 | 9.03 | ||
Citizens Northern | 14.12 | 15.37 | 9.81 | 13.57 | 14.82 | 9.67 |
Note_11_Fair_Value_Measurement1
Note 11 - Fair Value Measurements (Tables) | 6 Months Ended | ||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | ' | ||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
(In thousands) | Fair Value | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets | Observable | Unobservable | |||||||||||||||||||
for Identical | Inputs | Inputs | |||||||||||||||||||
Available For Sale Investment Securities | Assets | (Level 2) | (Level 3) | ||||||||||||||||||
(Level 1) | |||||||||||||||||||||
30-Jun-14 | |||||||||||||||||||||
Obligations of U.S. government-sponsored entities | $ | 97,230 | $ | - | $ | 97,230 | $ | - | |||||||||||||
Obligations of states and political subdivisions | 133,281 | - | 133,281 | - | |||||||||||||||||
Mortgage-backed securities – residential | 377,519 | - | 377,519 | - | |||||||||||||||||
Mortgage-backed securities – commercial | 715 | - | 715 | - | |||||||||||||||||
Corporate debt securities | 6,492 | - | 6,492 | - | |||||||||||||||||
Mutual funds and equity securities | 1,019 | 1,019 | - | - | |||||||||||||||||
Total | $ | 616,256 | $ | 1,019 | $ | 615,237 | $ | - | |||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
(In thousands) | Fair Value | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets | Observable | Unobservable | |||||||||||||||||||
for Identical | Inputs | Inputs | |||||||||||||||||||
Available For Sale Investment Securities | Assets | (Level 2) | (Level 3) | ||||||||||||||||||
(Level 1) | |||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||
Obligations of U.S. government-sponsored entities | $ | 93,750 | $ | - | $ | 93,750 | $ | - | |||||||||||||
Obligations of states and political subdivisions | 131,970 | - | 131,970 | - | |||||||||||||||||
Mortgage-backed securities – residential | 378,077 | - | 378,077 | - | |||||||||||||||||
Mortgage-backed securities – commercial | 689 | - | 689 | - | |||||||||||||||||
Corporate debt securities | 6,257 | - | 6,257 | - | |||||||||||||||||
Mutual funds and equity securities | 2,077 | 2,077 | - | - | |||||||||||||||||
Total | $ | 612,820 | $ | 2,077 | $ | 610,743 | $ | - | |||||||||||||
Fair Value Measurements, Nonrecurring [Table Text Block] | ' | ||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
(In thousands) | Fair Value | Quoted Prices in | Significant | Significant | |||||||||||||||||
Active Markets | Other | Unobservable | |||||||||||||||||||
for Identical | Observable | Inputs | |||||||||||||||||||
Description | Assets | Inputs | (Level 3) | ||||||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||||||
30-Jun-14 | |||||||||||||||||||||
Collateral-dependent Impaired Loans | |||||||||||||||||||||
Real estate mortgage – residential | $ | 1,219 | $ | - | $ | - | $ | 1,219 | |||||||||||||
Real estate mortgage – farmland and other commercial enterprises | 7 | - | - | 7 | |||||||||||||||||
Commercial and industrial | 37 | - | - | 37 | |||||||||||||||||
Total | $ | 1,263 | $ | - | $ | - | $ | 1,263 | |||||||||||||
OREO | |||||||||||||||||||||
Construction and land development | $ | 4,191 | $ | - | $ | - | $ | 4,191 | |||||||||||||
Residential real estate | 934 | - | - | 934 | |||||||||||||||||
Farmland and other commercial enterprises | 1,887 | - | - | 1,887 | |||||||||||||||||
Total | $ | 7,012 | $ | - | $ | - | $ | 7,012 | |||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
(In thousands) | Fair Value | Quoted Prices in | Significant | Significant | |||||||||||||||||
Active Markets | Other | Unobservable | |||||||||||||||||||
for Identical | Observable | Inputs | |||||||||||||||||||
Assets | Inputs | (Level 3) | |||||||||||||||||||
Description | (Level 1) | (Level 2 | |||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||
Collateral-dependent Impaired Loans | |||||||||||||||||||||
Real estate mortgage – construction and land development | $ | 334 | $ | - | $ | - | $ | 334 | |||||||||||||
Real estate mortgage – residential | 2,085 | - | - | 2,085 | |||||||||||||||||
Real estate mortgage – farmland and other commercial enterprises | 3,152 | - | - | 3,152 | |||||||||||||||||
Commercial and industrial | 88 | - | - | 88 | |||||||||||||||||
Total | $ | 5,659 | $ | - | $ | - | $ | 5,659 | |||||||||||||
OREO | |||||||||||||||||||||
Construction and land development | $ | 14,465 | $ | - | $ | - | $ | 14,465 | |||||||||||||
Residential real estate | 1,116 | - | - | 1,116 | |||||||||||||||||
Farmland and other commercial enterprises | 9,152 | - | - | 9,152 | |||||||||||||||||
Total | $ | 24,733 | $ | - | $ | - | $ | 24,733 | |||||||||||||
Asset Impairment Charges [Text Block] | ' | ||||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||||
June 30, | June 30, | ||||||||||||||||||||
(In thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||
Impairment charges: | |||||||||||||||||||||
Collateral-dependent impaired loans | $ | 135 | $ | 839 | $ | 268 | $ | 1,210 | |||||||||||||
OREO | 419 | 1,005 | 1,170 | 1,694 | |||||||||||||||||
Total | $ | 554 | $ | 1,844 | $ | 1,438 | $ | 2,904 | |||||||||||||
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | ' | ||||||||||||||||||||
(In thousands) | Fair Value at | Valuation Technique | Unobservable Inputs | Range | Average | ||||||||||||||||
30-Jun-14 | |||||||||||||||||||||
Collateral-dependent impaired loans | $ | 1,263 | Discounted appraisals | Marketability discount | 0% - 30.1% | 13.00% | |||||||||||||||
OREO | $ | 7,012 | Discounted appraisals | Marketability discount | 0.5% - 31.8% | 8.10% | |||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | ||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
(In thousands) | Carrying | Fair | Quoted Prices | Significant | Significant | ||||||||||||||||
Amount | Value | in Active | Other | Unobservable | |||||||||||||||||
Markets for | Observable | Inputs | |||||||||||||||||||
Identical Assets | Inputs | (Level 3) | |||||||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||||||
30-Jun-14 | |||||||||||||||||||||
Assets | |||||||||||||||||||||
Cash and cash equivalents | $ | 68,987 | $ | 68,987 | $ | 68,987 | $ | - | $ | - | |||||||||||
Held to maturity investment securities | 3,814 | 3,963 | - | 3,963 | - | ||||||||||||||||
Loans, net | 953,056 | 953,158 | - | - | 953,158 | ||||||||||||||||
Accrued interest receivable | 5,670 | 5,670 | - | 5,670 | - | ||||||||||||||||
Federal Home Loan Bank and Federal Reserve Bank Stock | 9,368 | N/A | - | - | - | ||||||||||||||||
Liabilities | |||||||||||||||||||||
Deposits | 1,382,673 | 1,384,661 | 947,958 | - | 436,703 | ||||||||||||||||
Federal funds purchased and other short-term borrowings | 24,230 | 24,230 | - | 24,230 | - | ||||||||||||||||
Securities sold under agreements to repurchase and other long-term borrowings | 127,797 | 138,251 | - | 138,251 | - | ||||||||||||||||
Subordinated notes payable to unconsolidated trusts | 48,970 | 23,794 | - | - | 23,794 | ||||||||||||||||
Accrued interest payable | 1,065 | 1,065 | - | 1,065 | - | ||||||||||||||||
31-Dec-13 | |||||||||||||||||||||
Assets | |||||||||||||||||||||
Cash and cash equivalents | $ | 68,253 | $ | 68,253 | $ | 68,253 | $ | - | $ | - | |||||||||||
Held to maturity investment securities | 765 | 827 | - | 827 | - | ||||||||||||||||
Loans, net | 979,306 | 977,846 | - | - | 977,846 | ||||||||||||||||
Accrued interest receivable | 5,901 | 5,901 | - | 5,901 | - | ||||||||||||||||
Federal Home Loan Bank and Federal Reserve Bank Stock | 9,516 | N/A | - | - | - | ||||||||||||||||
Liabilities | |||||||||||||||||||||
Deposits | 1,410,215 | 1,412,572 | 938,700 | - | 473,872 | ||||||||||||||||
Federal funds purchased and other short-term borrowings | 29,123 | 29,123 | - | 29,123 | - | ||||||||||||||||
Securities sold under agreements to repurchase and other long-term borrowings | 127,880 | 139,375 | - | 139,375 | - | ||||||||||||||||
Subordinated notes payable to unconsolidated trusts | 48,970 | 26,070 | - | - | 26,070 | ||||||||||||||||
Accrued interest payable | 1,137 | 1,137 | - | 1,137 | - |
Note_3_Accumulated_Other_Compr2
Note 3 - Accumulated Other Comprehensive Income (Details) - Changes in Accumulated Other Comprehensive Income by Component (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Beginning balance | $497 | $5,982 | ($3,212) | $6,869 |
Other comprehensive income (loss) before reclassifications | 4,973 | -10,250 | 8,577 | -11,188 |
Amounts reclassified from accumulated other comprehensive income | 8 | 4 | 113 | 55 |
Net current-period other comprehensive income (loss) | 4,981 | -10,246 | 8,690 | -11,133 |
Ending balance | 5,478 | -4,264 | 5,478 | -4,264 |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Beginning balance | 63 | 8,480 | -3,623 | 9,411 |
Other comprehensive income (loss) before reclassifications | 4,973 | -10,250 | 8,577 | -11,188 |
Amounts reclassified from accumulated other comprehensive income | -15 | -40 | 67 | -33 |
Net current-period other comprehensive income (loss) | 4,958 | -10,290 | 8,644 | -11,221 |
Ending balance | 5,021 | -1,810 | 5,021 | -1,810 |
Accumulated Defined Benefit Plans Adjustment [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Beginning balance | 434 | -2,498 | 411 | -2,542 |
Other comprehensive income (loss) before reclassifications | 0 | 0 | 0 | 0 |
Amounts reclassified from accumulated other comprehensive income | 23 | 44 | 46 | 88 |
Net current-period other comprehensive income (loss) | 23 | 44 | 46 | 88 |
Ending balance | $457 | ($2,454) | $457 | ($2,454) |
Note_3_Accumulated_Other_Compr3
Note 3 - Accumulated Other Comprehensive Income (Details) - Amounts Reclassified out of Accumulated Other Comprehensive Income by Component (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' |
Income tax expense | ($1,959) | ($1,127) | ($3,079) | ($2,445) |
Net of tax | 4,261 | 3,060 | 7,094 | 6,367 |
6,783 | 4,674 | 11,273 | 9,784 | |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' |
Unrealized gains and losses on available for sale investment securities | 23 | 62 | -103 | 51 |
Income tax expense | -8 | -22 | 36 | -18 |
Net of tax | 15 | 40 | -67 | 33 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' |
Income tax expense | 13 | 23 | 25 | 46 |
Net of tax | -23 | -44 | -46 | -88 |
Prior service costs | -52 | -64 | -104 | -128 |
Actuarial gains (losses) | 16 | -3 | 33 | -6 |
-36 | -67 | -71 | -134 | |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' |
Net of tax | ($8) | ($4) | ($113) | ($55) |
Note_5_Net_Income_Per_Common_S2
Note 5 - Net Income Per Common Share (Details) (Equity Option [Member]) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Equity Option [Member] | ' | ' | ' | ' |
Note 5 - Net Income Per Common Share (Details) [Line Items] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 18,049 | 22,049 | 18,049 | 22,049 |
Note_5_Net_Income_Per_Common_S3
Note 5 - Net Income Per Common Share (Details) - Net Income Per Common Share Computations (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 |
Net Income Per Common Share Computations [Abstract] | ' | ' | ' | ' |
Net income, basic and diluted | $4,824 | $3,547 | $8,194 | $7,339 |
Less preferred stock dividends and discount accretion | 563 | 487 | 1,100 | 972 |
Net income available to common shareholders, basic and diluted | $4,261 | $3,060 | $7,094 | $6,367 |
Average common shares issued and outstanding, basic and diluted (in Shares) | 7,482 | 7,473 | 7,481 | 7,471 |
Net income per common share, basic and diluted (in Dollars per share) | $0.57 | $0.41 | $0.95 | $0.85 |
Note_6_Investment_Securities_D
Note 6 - Investment Securities (Details) (USD $) | 6 Months Ended | |
Jun. 30, 2014 | Dec. 31, 2013 | |
Note 6 - Investment Securities (Details) [Line Items] | ' | ' |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | $4,300,000 | $12,900,000 |
Percentage Decrease in Securities With Gross Unrealized Losses | 66.40% | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 4,273,000 | 3,609,000 |
Available-for-sale Securities | 616,256,000 | 612,820,000 |
AFS Gross Unrealized Losses [Member] | ' | ' |
Note 6 - Investment Securities (Details) [Line Items] | ' | ' |
Available-for-sale Securities, Change in Net Unrealized Holding Gain (Loss) before Taxes | 8,600,000 | ' |
Single Issuer Corporate Debt Security [Member] | ' | ' |
Note 6 - Investment Securities (Details) [Line Items] | ' | ' |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | 478,000 | ' |
Available-for-sale Securities | $5,400,000 | ' |
Note_6_Investment_Securities_D1
Note 6 - Investment Securities (Details) - The Amortized Costs And Estimated Fair Value Of The Securities Portfolio (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Available For Sale | ' | ' |
Available for Sale Securities - Amortized Cost | $608,533 | $618,395 |
Available for Sale Securities - Gross Unrealized Losses | 4,300 | 12,900 |
Available for Sale Securities - Estimated Fair Value | 616,256 | 612,820 |
Held To Maturity | ' | ' |
Held to Maturity Securities - Amortized Cost | 3,814 | 765 |
Held to Maturity Securities - Estimated Fair Value | 3,963 | 827 |
US Government-sponsored Enterprises Debt Securities [Member] | ' | ' |
Available For Sale | ' | ' |
Available for Sale Securities - Amortized Cost | 98,241 | 96,750 |
Available for Sale Securities - Gross Unrealized Gains | 292 | 155 |
Available for Sale Securities - Gross Unrealized Losses | 1,303 | 3,155 |
Available for Sale Securities - Estimated Fair Value | 97,230 | 93,750 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Available For Sale | ' | ' |
Available for Sale Securities - Amortized Cost | 130,947 | 132,311 |
Available for Sale Securities - Gross Unrealized Gains | 2,920 | 2,056 |
Available for Sale Securities - Gross Unrealized Losses | 586 | 2,397 |
Available for Sale Securities - Estimated Fair Value | 133,281 | 131,970 |
Held To Maturity | ' | ' |
Held to Maturity Securities - Amortized Cost | 3,814 | 765 |
Held to Maturity Securities - Gross Unrealized Gains | 149 | 62 |
Held to Maturity Securities - Gross Unrealized Losses | 0 | 0 |
Held to Maturity Securities - Estimated Fair Value | 3,963 | 827 |
Residential Mortgage Backed Securities [Member] | ' | ' |
Available For Sale | ' | ' |
Available for Sale Securities - Amortized Cost | 370,687 | 379,238 |
Available for Sale Securities - Gross Unrealized Gains | 8,777 | 5,071 |
Available for Sale Securities - Gross Unrealized Losses | 1,945 | 6,232 |
Available for Sale Securities - Estimated Fair Value | 377,519 | 378,077 |
Commercial Mortgage Backed Securities [Member] | ' | ' |
Available For Sale | ' | ' |
Available for Sale Securities - Amortized Cost | 741 | 748 |
Available for Sale Securities - Gross Unrealized Gains | 0 | 0 |
Available for Sale Securities - Gross Unrealized Losses | 26 | 59 |
Available for Sale Securities - Estimated Fair Value | 715 | 689 |
Corporate Debt Securities [Member] | ' | ' |
Available For Sale | ' | ' |
Available for Sale Securities - Amortized Cost | 6,925 | 7,266 |
Available for Sale Securities - Gross Unrealized Gains | 45 | 40 |
Available for Sale Securities - Gross Unrealized Losses | 478 | 1,049 |
Available for Sale Securities - Estimated Fair Value | 6,492 | 6,257 |
Mutual Funds And Equity Securities [Member] | ' | ' |
Available For Sale | ' | ' |
Available for Sale Securities - Amortized Cost | 992 | 2,082 |
Available for Sale Securities - Gross Unrealized Gains | 28 | 15 |
Available for Sale Securities - Gross Unrealized Losses | 1 | 20 |
Available for Sale Securities - Estimated Fair Value | 1,019 | 2,077 |
Total [Member] | ' | ' |
Available For Sale | ' | ' |
Available for Sale Securities - Amortized Cost | 608,533 | 618,395 |
Available for Sale Securities - Gross Unrealized Gains | 12,062 | 7,337 |
Available for Sale Securities - Gross Unrealized Losses | 4,339 | 12,912 |
Available for Sale Securities - Estimated Fair Value | $616,256 | $612,820 |
Note_6_Investment_Securities_D2
Note 6 - Investment Securities (Details) - The Amortized Cost And Estimated Fair Value Of The Securities Portfolio By Contractual Maturity (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
The Amortized Cost And Estimated Fair Value Of The Securities Portfolio By Contractual Maturity [Abstract] | ' | ' |
Due in one year or less | $8,368 | ' |
Due in one year or less | 8,391 | ' |
Due in one year or less | 0 | ' |
Due in one year or less | 0 | ' |
Due after one year through five years | 123,957 | ' |
Due after one year through five years | 124,798 | ' |
Due after one year through five years | 0 | ' |
Due after one year through five years | 0 | ' |
Due after five years through ten years | 86,163 | ' |
Due after five years through ten years | 86,514 | ' |
Due after five years through ten years | 765 | ' |
Due after five years through ten years | 846 | ' |
Due after ten years | 17,625 | ' |
Due after ten years | 17,300 | ' |
Due after ten years | 3,049 | ' |
Due after ten years | 3,117 | ' |
Mortgage-backed securities | 371,428 | ' |
Mortgage-backed securities | 378,234 | ' |
Mortgage-backed securities | 0 | ' |
Mortgage-backed securities | 0 | ' |
Total | 607,541 | ' |
Total | 615,237 | ' |
Total | 3,814 | 765 |
Total | $3,963 | $827 |
Note_6_Investment_Securities_D3
Note 6 - Investment Securities (Details) - Gross Realized Gains And Losses On The Sale Of Available For Sale Investment Securities (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Gross Realized Gains And Losses On The Sale Of Available For Sale Investment Securities [Abstract] | ' | ' | ' | ' |
Gross realized gains | $19 | $3 | $178 | $3 |
Gross realized losses | 103 | 63 | 253 | 63 |
Net realized loss | ($84) | ($60) | ($75) | ($60) |
Note_6_Investment_Securities_D4
Note 6 - Investment Securities (Details) - Investment Securities With Unrealized Losses Not Recognized In Income (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note 6 - Investment Securities (Details) - Investment Securities With Unrealized Losses Not Recognized In Income [Line Items] | ' | ' |
Less than 12 Months, Fair Value | $23,433 | $334,326 |
Less than 12 Months, Unrealized Losses | 66 | 9,303 |
12 Months or More, Fair Value | 206,029 | 48,069 |
12 Months or More, Unrealized Losses | 4,273 | 3,609 |
Total, Fair Value | 229,462 | 382,395 |
Total, Unrealized Losses | 4,339 | 12,912 |
US Government-sponsored Enterprises Debt Securities [Member] | ' | ' |
Note 6 - Investment Securities (Details) - Investment Securities With Unrealized Losses Not Recognized In Income [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 3,391 | 65,094 |
Less than 12 Months, Unrealized Losses | 12 | 2,434 |
12 Months or More, Fair Value | 66,769 | 11,830 |
12 Months or More, Unrealized Losses | 1,291 | 721 |
Total, Fair Value | 70,160 | 76,924 |
Total, Unrealized Losses | 1,303 | 3,155 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Note 6 - Investment Securities (Details) - Investment Securities With Unrealized Losses Not Recognized In Income [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 9,739 | 48,715 |
Less than 12 Months, Unrealized Losses | 17 | 1,594 |
12 Months or More, Fair Value | 31,756 | 15,095 |
12 Months or More, Unrealized Losses | 569 | 803 |
Total, Fair Value | 41,495 | 63,810 |
Total, Unrealized Losses | 586 | 2,397 |
Residential Mortgage Backed Securities [Member] | ' | ' |
Note 6 - Investment Securities (Details) - Investment Securities With Unrealized Losses Not Recognized In Income [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 10,303 | 219,032 |
Less than 12 Months, Unrealized Losses | 37 | 5,199 |
12 Months or More, Fair Value | 101,240 | 16,306 |
12 Months or More, Unrealized Losses | 1,908 | 1,033 |
Total, Fair Value | 111,543 | 235,338 |
Total, Unrealized Losses | 1,945 | 6,232 |
Commercial Mortgage Backed Securities [Member] | ' | ' |
Note 6 - Investment Securities (Details) - Investment Securities With Unrealized Losses Not Recognized In Income [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 0 | 689 |
Less than 12 Months, Unrealized Losses | 0 | 59 |
12 Months or More, Fair Value | 715 | 0 |
12 Months or More, Unrealized Losses | 26 | 0 |
Total, Fair Value | 715 | 689 |
Total, Unrealized Losses | 26 | 59 |
Corporate Debt Securities [Member] | ' | ' |
Note 6 - Investment Securities (Details) - Investment Securities With Unrealized Losses Not Recognized In Income [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 0 | 80 |
Less than 12 Months, Unrealized Losses | 0 | 0 |
12 Months or More, Fair Value | 5,395 | 4,816 |
12 Months or More, Unrealized Losses | 478 | 1,049 |
Total, Fair Value | 5,395 | 4,896 |
Total, Unrealized Losses | 478 | 1,049 |
Mutual Funds And Equity Securities [Member] | ' | ' |
Note 6 - Investment Securities (Details) - Investment Securities With Unrealized Losses Not Recognized In Income [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 0 | 716 |
Less than 12 Months, Unrealized Losses | 0 | 17 |
12 Months or More, Fair Value | 154 | 22 |
12 Months or More, Unrealized Losses | 1 | 3 |
Total, Fair Value | 154 | 738 |
Total, Unrealized Losses | $1 | $20 |
Note_7_Loans_and_Allowance_for2
Note 7 - Loans and Allowance for Loan Losses (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | |
Note 7 - Loans and Allowance for Loan Losses (Details) [Line Items] | ' | ' | ' | ' |
Impaired Financing Receivable, Related Allowance | ' | $3,590,000 | ' | $4,102,000 |
Financing Receivable, Modifications, Number of Contracts | ' | 0 | ' | ' |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | 0 | ' | 0 | ' |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | ' | 0 | 0 | ' |
Debt by Borrowers Discharged under Chapter Seven Bankruptcy [Member] | ' | ' | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) [Line Items] | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | ' | ' | 5 | ' |
TDR Financing Receivable [Member] | ' | ' | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) [Line Items] | ' | ' | ' | ' |
Impaired Financing Receivable, Related Allowance | ' | 2,500,000 | ' | 2,700,000 |
Loans and Leases Receivable, Impaired, Commitment to Lend | ' | 0 | ' | 0 |
Allowance for Loan and Lease Losses, Period Increase (Decrease) | $15,000 | ' | $23,000 | ' |
Note_7_Loans_and_Allowance_for3
Note 7 - Loans and Allowance for Loan Losses (Details) - Major Classifications Of Loans Outstanding (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Major Classifications Of Loans Outstanding [Abstract] | ' | ' |
Real estate mortgage - construction and land development | $97,769 | $101,352 |
Real estate mortgage - residential | 365,969 | 371,582 |
Real estate mortgage - farmland and other commercial enterprises | 392,910 | 418,147 |
Commercial and industrial | 52,713 | 47,426 |
States and political subdivisions | 25,150 | 21,561 |
Lease financing | 398 | 902 |
Other | 20,769 | 23,840 |
Secured | 8,836 | 8,579 |
Unsecured | 5,670 | 6,513 |
Total loans | 970,184 | 999,902 |
Less unearned income | 5 | 19 |
Total loans, net of unearned income | $970,179 | $999,883 |
Note_7_Loans_and_Allowance_for4
Note 7 - Loans and Allowance for Loan Losses (Details) - Activity In The Allowance For Loan Losses (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Balance at Beginning of Period | $18,690 | $23,563 | $20,577 | $24,445 |
Balance at End of Period | 17,123 | 22,943 | 17,123 | 22,943 |
Provision for loan losses | -1,388 | -362 | -1,256 | -994 |
Recoveries | 246 | 176 | 476 | 431 |
Loans charged off | -425 | -434 | -2,674 | -939 |
Real Estate Loans [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Balance at Beginning of Period | 17,114 | 21,402 | 18,716 | 22,254 |
Balance at End of Period | 15,448 | 20,240 | 15,448 | 20,240 |
Provision for loan losses | -1,603 | -848 | -2,359 | -1,500 |
Recoveries | 189 | 48 | 357 | 184 |
Loans charged off | -252 | -362 | -1,266 | -698 |
Commercial Portfolio Segment [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Balance at Beginning of Period | 1,201 | 1,558 | 1,409 | 1,513 |
Balance at End of Period | 1,338 | 2,177 | 1,338 | 2,177 |
Provision for loan losses | 205 | 624 | 1,130 | 617 |
Recoveries | 18 | 14 | 45 | 97 |
Loans charged off | -86 | -19 | -1,246 | -50 |
Consumer Portfolio Segment [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Balance at Beginning of Period | 375 | 603 | 452 | 678 |
Balance at End of Period | 337 | 526 | 337 | 526 |
Provision for loan losses | 10 | -138 | -27 | -111 |
Recoveries | 39 | 114 | 74 | 150 |
Loans charged off | ($87) | ($53) | ($162) | ($191) |
Note_7_Loans_and_Allowance_for5
Note 7 - Loans and Allowance for Loan Losses (Details) - Individually Impaired Loans By Class Of Loans (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | $52,822 | $61,331 |
Recorded Investment With No Allowance | 19,695 | 24,899 |
Recorded Investment With Allowance | 29,928 | 33,440 |
Total Recorded Investment | 49,623 | 58,339 |
Allowance for Loan Losses Allocated | 3,590 | 4,102 |
Real Estate Construction And Land Development [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 15,753 | 17,234 |
Recorded Investment With No Allowance | 8,566 | 9,742 |
Recorded Investment With Allowance | 4,400 | 4,699 |
Total Recorded Investment | 12,966 | 14,441 |
Allowance for Loan Losses Allocated | 856 | 930 |
Real Estate Mortgage Residential [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 10,930 | 11,595 |
Recorded Investment With No Allowance | 3,980 | 2,871 |
Recorded Investment With Allowance | 6,645 | 8,612 |
Total Recorded Investment | 10,625 | 11,483 |
Allowance for Loan Losses Allocated | 1,195 | 1,443 |
Real Estate Mortgage Farmland And Other Commercial Enterprises [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 25,833 | 32,102 |
Recorded Investment With No Allowance | 7,126 | 12,262 |
Recorded Investment With Allowance | 18,600 | 19,746 |
Total Recorded Investment | 25,726 | 32,008 |
Allowance for Loan Losses Allocated | 1,278 | 1,443 |
Commercial And Industrial [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 240 | 311 |
Recorded Investment With No Allowance | 23 | 24 |
Recorded Investment With Allowance | 217 | 293 |
Total Recorded Investment | 240 | 317 |
Allowance for Loan Losses Allocated | 195 | 200 |
Consumer Unsecured [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | 66 | 71 |
Recorded Investment With No Allowance | 0 | 0 |
Recorded Investment With Allowance | 66 | 72 |
Total Recorded Investment | 66 | 72 |
Allowance for Loan Losses Allocated | 66 | 71 |
Consumer Secured [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance | ' | 18 |
Recorded Investment With No Allowance | ' | 0 |
Recorded Investment With Allowance | ' | 18 |
Total Recorded Investment | ' | 18 |
Allowance for Loan Losses Allocated | ' | $15 |
Note_7_Loans_and_Allowance_for6
Note 7 - Loans and Allowance for Loan Losses (Details) - Individually Impaired Loans By Class of Loans, Continued (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Average | $53,119 | $64,594 | $57,468 | $65,473 |
Interest Income Recognized | 629 | 694 | 1,248 | 1,387 |
Cash Basis Interest Recognized | 608 | 700 | 1,207 | 1,370 |
Real Estate Construction And Land Development [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Average | 15,452 | 24,159 | 15,537 | 25,047 |
Interest Income Recognized | 120 | 338 | 233 | 691 |
Cash Basis Interest Recognized | 118 | 347 | 229 | 689 |
Real Estate Mortgage Residential [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Average | 11,059 | 10,836 | 11,384 | 9,569 |
Interest Income Recognized | 147 | 87 | 262 | 172 |
Cash Basis Interest Recognized | 141 | 83 | 250 | 163 |
Real Estate Mortgage Farmland And Other Commercial Enterprises [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Average | 26,295 | 28,209 | 30,222 | 29,692 |
Interest Income Recognized | 359 | 236 | 745 | 484 |
Cash Basis Interest Recognized | 346 | 236 | 722 | 478 |
Commercial And Industrial [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Average | 245 | 1,154 | 247 | 930 |
Interest Income Recognized | 3 | 29 | 4 | 33 |
Cash Basis Interest Recognized | 3 | 29 | 3 | 33 |
Consumer Secured [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Average | 0 | 21 | 9 | 21 |
Interest Income Recognized | 0 | 1 | 0 | 1 |
Cash Basis Interest Recognized | 0 | 1 | 0 | 1 |
Consumer Unsecured [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Average | 68 | 215 | 69 | 214 |
Interest Income Recognized | 0 | 3 | 4 | 6 |
Cash Basis Interest Recognized | $0 | $4 | $3 | $6 |
Note_7_Loans_and_Allowance_for7
Note 7 - Loans and Allowance for Loan Losses (Details) - Allowance For Loan Losses And The Recorded Investment In Loans By Portfolio Segment (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||||
Note 7 - Loans and Allowance for Loan Losses (Details) - Allowance For Loan Losses And The Recorded Investment In Loans By Portfolio Segment [Line Items] | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, individually evaluated for impairment, | $3,590 | ' | $4,102 | ' | ' | ' |
Allowance for loan losses, collectively evaluated for impairment | 13,533 | ' | 16,475 | ' | ' | ' |
Total ending allowance balance | 17,123 | 18,690 | 20,577 | 22,943 | 23,563 | 24,445 |
Loans individually evaluated for impairment | 49,623 | ' | 58,339 | ' | ' | ' |
Loans collectively evaluated for impairment | 920,556 | ' | 941,544 | ' | ' | ' |
Total ending loan balance, net of unearned income | 970,179 | ' | 999,883 | ' | ' | ' |
Real Estate Loans [Member] | ' | ' | ' | ' | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) - Allowance For Loan Losses And The Recorded Investment In Loans By Portfolio Segment [Line Items] | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, individually evaluated for impairment, | 3,329 | ' | 3,816 | ' | ' | ' |
Allowance for loan losses, collectively evaluated for impairment | 12,119 | ' | 14,900 | ' | ' | ' |
Total ending allowance balance | 15,448 | 17,114 | 18,716 | 20,240 | 21,402 | 22,254 |
Loans individually evaluated for impairment | 49,317 | ' | 57,932 | ' | ' | ' |
Loans collectively evaluated for impairment | 807,331 | ' | 833,149 | ' | ' | ' |
Total ending loan balance, net of unearned income | 856,648 | ' | 891,081 | ' | ' | ' |
Commercial Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) - Allowance For Loan Losses And The Recorded Investment In Loans By Portfolio Segment [Line Items] | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, individually evaluated for impairment, | 195 | ' | 200 | ' | ' | ' |
Allowance for loan losses, collectively evaluated for impairment | 1,143 | ' | 1,209 | ' | ' | ' |
Total ending allowance balance | 1,338 | 1,201 | 1,409 | 2,177 | 1,558 | 1,513 |
Loans individually evaluated for impairment | 240 | ' | 317 | ' | ' | ' |
Loans collectively evaluated for impairment | 98,785 | ' | 93,393 | ' | ' | ' |
Total ending loan balance, net of unearned income | 99,025 | ' | 93,710 | ' | ' | ' |
Consumer Portfolio Segment [Member] | ' | ' | ' | ' | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) - Allowance For Loan Losses And The Recorded Investment In Loans By Portfolio Segment [Line Items] | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, individually evaluated for impairment, | 66 | ' | 86 | ' | ' | ' |
Allowance for loan losses, collectively evaluated for impairment | 271 | ' | 366 | ' | ' | ' |
Total ending allowance balance | 337 | 375 | 452 | 526 | 603 | 678 |
Loans individually evaluated for impairment | 66 | ' | 90 | ' | ' | ' |
Loans collectively evaluated for impairment | 14,440 | ' | 15,002 | ' | ' | ' |
Total ending loan balance, net of unearned income | $14,506 | ' | $15,092 | ' | ' | ' |
Note_7_Loans_and_Allowance_for8
Note 7 - Loans and Allowance for Loan Losses (Details) - Recorded Investment In Nonperforming Loans By Class Of Loans (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Real Estate Construction And Land Development [Member] | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) - Recorded Investment In Nonperforming Loans By Class Of Loans [Line Items] | ' | ' |
Nonaccrual | $4,794 | $5,821 |
Restructured Loans | 4,219 | 4,391 |
Loans Past Due 90 Days Or More And Still Accruing | 0 | 0 |
Real Estate Mortgage Residential [Member] | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) - Recorded Investment In Nonperforming Loans By Class Of Loans [Line Items] | ' | ' |
Nonaccrual | 5,149 | 5,154 |
Restructured Loans | 4,532 | 4,826 |
Loans Past Due 90 Days Or More And Still Accruing | 0 | 10 |
Real Estate Mortgage Farmland And Other Commercial Enterprises [Member] | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) - Recorded Investment In Nonperforming Loans By Class Of Loans [Line Items] | ' | ' |
Nonaccrual | 7,937 | 12,677 |
Restructured Loans | 16,657 | 16,987 |
Loans Past Due 90 Days Or More And Still Accruing | 0 | 434 |
Commercial And Industrial [Member] | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) - Recorded Investment In Nonperforming Loans By Class Of Loans [Line Items] | ' | ' |
Nonaccrual | 199 | 160 |
Restructured Loans | 0 | 0 |
Loans Past Due 90 Days Or More And Still Accruing | 0 | 0 |
Commercial Other [Member] | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) - Recorded Investment In Nonperforming Loans By Class Of Loans [Line Items] | ' | ' |
Nonaccrual | 11 | ' |
Restructured Loans | 0 | ' |
Loans Past Due 90 Days Or More And Still Accruing | 0 | ' |
Consumer Secured [Member] | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) - Recorded Investment In Nonperforming Loans By Class Of Loans [Line Items] | ' | ' |
Nonaccrual | 5 | 3 |
Restructured Loans | 0 | 0 |
Loans Past Due 90 Days Or More And Still Accruing | 0 | 0 |
Consumer Unsecured [Member] | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) - Recorded Investment In Nonperforming Loans By Class Of Loans [Line Items] | ' | ' |
Nonaccrual | 0 | 1 |
Restructured Loans | 48 | 51 |
Loans Past Due 90 Days Or More And Still Accruing | 0 | 0 |
Total [Member] | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) - Recorded Investment In Nonperforming Loans By Class Of Loans [Line Items] | ' | ' |
Nonaccrual | 18,095 | 23,838 |
Restructured Loans | 25,456 | 26,255 |
Loans Past Due 90 Days Or More And Still Accruing | 0 | 444 |
Lease Financing [Member] | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) - Recorded Investment In Nonperforming Loans By Class Of Loans [Line Items] | ' | ' |
Nonaccrual | ' | 22 |
Restructured Loans | ' | 0 |
Loans Past Due 90 Days Or More And Still Accruing | ' | $0 |
Note_7_Loans_and_Allowance_for9
Note 7 - Loans and Allowance for Loan Losses (Details) - Loans by Class Modified as Troubled Debt Restructurings (USD $) | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 |
TDR Identified Current Period [Member] | TDR Identified Current Period [Member] | TDR Identified Current Period [Member] | TDR Identified Current Period [Member] | TDR Identified Current Period [Member] | TDR Identified Current Period [Member] | TDR Identified Current Period [Member] | TDR Identified Current Period [Member] | ||
Real Estate Mortgage Residential [Member] | Real Estate Mortgage Residential [Member] | Commercial And Industrial [Member] | Commercial And Industrial [Member] | Consumer Secured [Member] | Consumer Secured [Member] | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Loans | 0 | 1 | 3 | 1 | 1 | 1 | 1 | 3 | 5 |
Pre-ModificationOutstanding Recorded Investment | ' | $18 | $309 | $2 | $2 | $13 | $13 | $33 | $324 |
Post-Modification Outstanding Recorded Investment | ' | $18 | $309 | $2 | $2 | $13 | $13 | $33 | $324 |
Recovered_Sheet1
Note 7 - Loans and Allowance for Loan Losses (Details) - Aging Analysis of Loans (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total Loans | $970,179 | $999,883 |
Real Estate Construction And Land Development [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 Days Past Due | 568 | 58 |
90 Days Or More Past Due | 317 | 613 |
Total | 885 | 671 |
Current | 96,884 | 100,681 |
Total Loans | 97,769 | 101,352 |
Real Estate Mortgage Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 Days Past Due | 2,771 | 1,225 |
90 Days Or More Past Due | 2,822 | 2,502 |
Total | 5,593 | 3,727 |
Current | 360,376 | 367,855 |
Total Loans | 365,969 | 371,582 |
Real Estate Mortgage Farmland And Other Commercial Enterprises [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 Days Past Due | 444 | 3,548 |
90 Days Or More Past Due | 6,278 | 7,978 |
Total | 6,722 | 11,526 |
Current | 386,188 | 406,621 |
Total Loans | 392,910 | 418,147 |
Commercial And Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 Days Past Due | 45 | 71 |
90 Days Or More Past Due | 176 | 53 |
Total | 221 | 124 |
Current | 52,492 | 47,302 |
Total Loans | 52,713 | 47,426 |
States and Political Subdivisions [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 Days Past Due | 0 | 0 |
90 Days Or More Past Due | 0 | 0 |
Total | 0 | 0 |
Current | 25,150 | 21,561 |
Total Loans | 25,150 | 21,561 |
Lease Financing [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 Days Past Due | 171 | 0 |
90 Days Or More Past Due | 0 | 22 |
Total | 171 | 22 |
Current | 222 | 861 |
Total Loans | 393 | 883 |
Commercial Other [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 Days Past Due | 25 | 56 |
90 Days Or More Past Due | 0 | 0 |
Total | 25 | 56 |
Current | 20,744 | 23,784 |
Total Loans | 20,769 | 23,840 |
Consumer Secured [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 Days Past Due | 56 | 41 |
90 Days Or More Past Due | 2 | 3 |
Total | 58 | 44 |
Current | 8,778 | 8,535 |
Total Loans | 8,836 | 8,579 |
Consumer Unsecured [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 Days Past Due | 58 | 58 |
90 Days Or More Past Due | 0 | 1 |
Total | 58 | 59 |
Current | 5,612 | 6,454 |
Total Loans | 5,670 | 6,513 |
Total [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-89 Days Past Due | 4,138 | 5,057 |
90 Days Or More Past Due | 9,595 | 11,172 |
Total | 13,733 | 16,229 |
Current | 956,446 | 983,654 |
Total Loans | $970,179 | $999,883 |
Recovered_Sheet2
Note 7 - Loans and Allowance for Loan Losses (Details) - Risk Category of Loans by Class (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | $970,179 | $999,883 |
Real Estate Construction And Land Development [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 75,835 | 77,873 |
Real Estate Construction And Land Development [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 7,207 | 7,755 |
Real Estate Construction And Land Development [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 14,727 | 15,724 |
Real Estate Construction And Land Development [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
Real Estate Construction And Land Development [Member] | Total [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 97,769 | 101,352 |
Real Estate Construction And Land Development [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 97,769 | 101,352 |
Real Estate Mortgage Residential [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 332,358 | 334,104 |
Real Estate Mortgage Residential [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 12,219 | 15,120 |
Real Estate Mortgage Residential [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 21,392 | 22,358 |
Real Estate Mortgage Residential [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
Real Estate Mortgage Residential [Member] | Total [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 365,969 | 371,582 |
Real Estate Mortgage Residential [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 365,969 | 371,582 |
Real Estate Mortgage Farmland And Other Commercial Enterprises [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 345,066 | 352,238 |
Real Estate Mortgage Farmland And Other Commercial Enterprises [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 16,532 | 29,156 |
Real Estate Mortgage Farmland And Other Commercial Enterprises [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 30,837 | 36,753 |
Real Estate Mortgage Farmland And Other Commercial Enterprises [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 475 | 0 |
Real Estate Mortgage Farmland And Other Commercial Enterprises [Member] | Total [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 392,910 | 418,147 |
Real Estate Mortgage Farmland And Other Commercial Enterprises [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 392,910 | 418,147 |
Commercial And Industrial [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 50,930 | 45,652 |
Commercial And Industrial [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 785 | 963 |
Commercial And Industrial [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 998 | 735 |
Commercial And Industrial [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 76 |
Commercial And Industrial [Member] | Total [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 52,713 | 47,426 |
Commercial And Industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 52,713 | 47,426 |
States and Political Subdivisions [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 25,150 | 21,561 |
States and Political Subdivisions [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
States and Political Subdivisions [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
States and Political Subdivisions [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
States and Political Subdivisions [Member] | Total [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 25,150 | 21,561 |
States and Political Subdivisions [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 25,150 | 21,561 |
Lease Financing [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 393 | 861 |
Lease Financing [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
Lease Financing [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 22 |
Lease Financing [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
Lease Financing [Member] | Total [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 393 | 883 |
Lease Financing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 393 | 883 |
Commercial Other [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 20,691 | 23,820 |
Commercial Other [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 59 | 0 |
Commercial Other [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 19 | 20 |
Commercial Other [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 0 | 0 |
Commercial Other [Member] | Total [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | 20,769 | 23,840 |
Commercial Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loans | $20,769 | $23,840 |
Recovered_Sheet3
Note 7 - Loans and Allowance for Loan Losses (Details) - Risk Category of Loans by Class-Consumer (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note 7 - Loans and Allowance for Loan Losses (Details) - Risk Category of Loans by Class-Consumer [Line Items] | ' | ' |
Loans | $970,179 | $999,883 |
Consumer Secured [Member] | Performing Financing Receivable [Member] | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) - Risk Category of Loans by Class-Consumer [Line Items] | ' | ' |
Loans | 8,831 | 8,576 |
Consumer Secured [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) - Risk Category of Loans by Class-Consumer [Line Items] | ' | ' |
Loans | 5 | 3 |
Consumer Secured [Member] | Total [Member] | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) - Risk Category of Loans by Class-Consumer [Line Items] | ' | ' |
Loans | 8,836 | 8,579 |
Consumer Secured [Member] | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) - Risk Category of Loans by Class-Consumer [Line Items] | ' | ' |
Loans | 8,836 | 8,579 |
Consumer Unsecured [Member] | Performing Financing Receivable [Member] | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) - Risk Category of Loans by Class-Consumer [Line Items] | ' | ' |
Loans | 5,622 | 6,461 |
Consumer Unsecured [Member] | Nonperforming Financing Receivable [Member] | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) - Risk Category of Loans by Class-Consumer [Line Items] | ' | ' |
Loans | 48 | 52 |
Consumer Unsecured [Member] | Total [Member] | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) - Risk Category of Loans by Class-Consumer [Line Items] | ' | ' |
Loans | 5,670 | 6,513 |
Consumer Unsecured [Member] | ' | ' |
Note 7 - Loans and Allowance for Loan Losses (Details) - Risk Category of Loans by Class-Consumer [Line Items] | ' | ' |
Loans | $5,670 | $6,513 |
Note_8_Other_Real_Estate_Owned2
Note 8 - Other Real Estate Owned (Details) - Other Real Estate Owned (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||
Note 8 - Other Real Estate Owned (Details) - Other Real Estate Owned [Line Items] | ' | ' | ' | ' |
Other Real Estate Owned | $39,034 | $37,826 | $46,465 | $52,562 |
Construction and Land Development OREO [Member] | ' | ' | ' | ' |
Note 8 - Other Real Estate Owned (Details) - Other Real Estate Owned [Line Items] | ' | ' | ' | ' |
Other Real Estate Owned | 21,106 | 23,504 | ' | ' |
Residential Real Estate OREO [Member] | ' | ' | ' | ' |
Note 8 - Other Real Estate Owned (Details) - Other Real Estate Owned [Line Items] | ' | ' | ' | ' |
Other Real Estate Owned | 2,004 | 2,695 | ' | ' |
Farmland and Other Commercial Enterprises OREO [Member] | ' | ' | ' | ' |
Note 8 - Other Real Estate Owned (Details) - Other Real Estate Owned [Line Items] | ' | ' | ' | ' |
Other Real Estate Owned | 15,924 | 11,627 | ' | ' |
OREO [Member] | ' | ' | ' | ' |
Note 8 - Other Real Estate Owned (Details) - Other Real Estate Owned [Line Items] | ' | ' | ' | ' |
Other Real Estate Owned | $39,034 | $37,826 | ' | ' |
Note_8_Other_Real_Estate_Owned3
Note 8 - Other Real Estate Owned (Details) - OREO Activity (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
OREO Activity [Abstract] | ' | ' |
Beginning balance | $37,826 | $52,562 |
Transfers from loans and other increases | 6,978 | 5,279 |
Proceeds from sales | -4,262 | -9,619 |
(Loss) gain on sales, net | -94 | 280 |
Write downs and other decreases, net | -1,414 | -2,037 |
Ending balance | $39,034 | $46,465 |
Note_9_Postretirement_Medical_2
Note 9 - Postretirement Medical Benefits (Details) (USD $) | 3 Months Ended | 6 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2014 |
Note 9 - Postretirement Medical Benefits (Details) [Line Items] | ' | ' |
Employee Service Requirement | ' | '20 years |
Employee Age Requirement | ' | '55 years |
Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year | ' | $340 |
Other Postretirement Benefits Payments | $67 | $133 |
Plan 1 [Member] | ' | ' |
Note 9 - Postretirement Medical Benefits (Details) [Line Items] | ' | ' |
Company Contributions Plan 1 | 100.00% | 100.00% |
Plan 2 [Member] | ' | ' |
Note 9 - Postretirement Medical Benefits (Details) [Line Items] | ' | ' |
Contributions Plan 2 | 50.00% | 50.00% |
Note_9_Postretirement_Medical_3
Note 9 - Postretirement Medical Benefits (Details) - Components of Net Periodic Benefit Cost (Postretirement Medical Benefits [Member], USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Postretirement Medical Benefits [Member] | ' | ' | ' | ' |
Note 9 - Postretirement Medical Benefits (Details) - Components of Net Periodic Benefit Cost [Line Items] | ' | ' | ' | ' |
Service cost | $120 | $158 | $241 | $315 |
Interest cost | 143 | 138 | 285 | 276 |
Recognized prior service cost | 52 | 64 | 104 | 128 |
Recognized net actuarial gain | -16 | 0 | -32 | 0 |
Net periodic benefit cost | $299 | $360 | $598 | $719 |
Note_10_Regulatory_Matters_Det
Note 10 - Regulatory Matters (Details) | 0 Months Ended | ||||||||||||
15-May-14 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | |||||
Preferred Stock [Member] | Compliance [Member] | Compliance [Member] | Safest Assets [Member] | Riskier Assets [Member] | United Bank [Member] | United Bank [Member] | Citizens Northern [Member] | Citizens Northern [Member] | |||||
United Bank [Member] | Citizens Northern [Member] | ||||||||||||
Note 10 - Regulatory Matters (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Risk Weighting of Assets | ' | ' | ' | 0.00% | 100.00% | ' | ' | ' | ' | ||||
Stock Redeemed or Called During Period, Shares (in Shares) | 10,000 | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Tier One Leverage Capital to Average Assets | ' | 9.00% | 9.00% | ' | ' | 10.31% | [1] | 9.67% | [1] | 9.81% | [1] | 9.67% | [1] |
Capital to Risk Weighted Assets | ' | 13.00% | ' | ' | ' | 17.43% | [2] | 16.33% | [2] | 15.37% | [2] | 14.82% | [2] |
[1] | Tier 1 Leverage ratio is computed by dividing a bank's Tier 1 Capital, as defined by regulation, by its total quarterly average assets. | ||||||||||||
[2] | Tier 1 Risk-based and Total Risk-based Capital ratios are computed by dividing a bank's Tier 1 or Total Capital, as defined by regulation, by a risk-weighted sum of the bank's assets, with the risk weighting determined by general standards established by regulation. The safest assets (e.g., government obligations) are assigned a weighting of 0% with riskier assets receiving higher ratings (e.g., ordinary commercial loans are assigned a weighting of 100%). |
Note_10_Regulatory_Matters_Det1
Note 10 - Regulatory Matters (Details) - Regulatory Ratios of the Consolidated Company and its Subsidiary Banks | Jun. 30, 2014 | Dec. 31, 2013 | ||
Consolidated [Member] | ' | ' | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' | ||
Tier 1 Risk-based Capital | 19.43% | [1] | 18.95% | [1] |
Total Risk-based Capital | 20.69% | [1] | 20.21% | [1] |
Tier 1 Leverage | 11.99% | [2] | 11.90% | [2] |
Farmers Bank [Member] | ' | ' | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' | ||
Tier 1 Risk-based Capital | 18.08% | [1] | 17.56% | [1] |
Total Risk-based Capital | 19.33% | [1] | 18.82% | [1] |
Tier 1 Leverage | 9.71% | [2] | 9.60% | [2] |
United Bank [Member] | ' | ' | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' | ||
Tier 1 Risk-based Capital | 16.16% | [1] | 15.06% | [1] |
Total Risk-based Capital | 17.43% | [1] | 16.33% | [1] |
Tier 1 Leverage | 10.31% | [2] | 9.67% | [2] |
First Citizens Bank [Member] | ' | ' | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' | ||
Tier 1 Risk-based Capital | 13.39% | [1] | 12.92% | [1] |
Total Risk-based Capital | 14.07% | [1] | 13.67% | [1] |
Tier 1 Leverage | 9.20% | [2] | 9.03% | [2] |
Citizens Northern [Member] | ' | ' | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' | ||
Tier 1 Risk-based Capital | 14.12% | [1] | 13.57% | [1] |
Total Risk-based Capital | 15.37% | [1] | 14.82% | [1] |
Tier 1 Leverage | 9.81% | [2] | 9.67% | [2] |
[1] | Tier 1 Risk-based and Total Risk-based Capital ratios are computed by dividing a bank's Tier 1 or Total Capital, as defined by regulation, by a risk-weighted sum of the bank's assets, with the risk weighting determined by general standards established by regulation. The safest assets (e.g., government obligations) are assigned a weighting of 0% with riskier assets receiving higher ratings (e.g., ordinary commercial loans are assigned a weighting of 100%). | |||
[2] | Tier 1 Leverage ratio is computed by dividing a bank's Tier 1 Capital, as defined by regulation, by its total quarterly average assets. |
Note_11_Fair_Value_Measurement2
Note 11 - Fair Value Measurements (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
Note 11 - Fair Value Measurements (Details) [Line Items] | ' | ' |
Loans and Leases Receivable, Deferred Income | $5,000 | $19,000 |
Commitments to Extend Credit [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) [Line Items] | ' | ' |
Loans and Leases Receivable, Deferred Income | 0 | ' |
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability | 0 | ' |
Financial Standby Letter of Credit [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) [Line Items] | ' | ' |
Loans and Leases Receivable, Deferred Income | 0 | ' |
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability | $0 | ' |
Note_11_Fair_Value_Measurement3
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | $616,256 | $612,820 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 0 | 0 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 97,230 | 93,750 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 0 | 0 |
US Government-sponsored Enterprises Debt Securities [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 97,230 | 93,750 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 133,281 | 131,970 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 133,281 | 131,970 |
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 0 | 0 |
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 377,519 | 378,077 |
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 0 | 0 |
Residential Mortgage Backed Securities [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 377,519 | 378,077 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 0 | 0 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 715 | 689 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 0 | 0 |
Commercial Mortgage Backed Securities [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 715 | 689 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 0 | 0 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 6,492 | 6,257 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 0 | 0 |
Corporate Debt Securities [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 6,492 | 6,257 |
Mutual Funds And Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 1,019 | 2,077 |
Mutual Funds And Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 0 | 0 |
Mutual Funds And Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 0 | 0 |
Mutual Funds And Equity Securities [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 1,019 | 2,077 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 1,019 | 2,077 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | 615,237 | 610,743 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Available For Sale Investment Securities Measured At Fair Value On A Recurring Basis [Line Items] | ' | ' |
Available For Sale Investment Securities | $0 | $0 |
Note_11_Fair_Value_Measurement4
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Construction and Land Development OREO [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | $0 | $0 |
Construction and Land Development OREO [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 0 | 0 |
Construction and Land Development OREO [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 4,191 | 14,465 |
Construction and Land Development OREO [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 4,191 | 14,465 |
Residential Real Estate OREO [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 0 | 0 |
Residential Real Estate OREO [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 0 | 0 |
Residential Real Estate OREO [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 934 | 1,116 |
Residential Real Estate OREO [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 934 | 1,116 |
Farmland and Other Commercial Enterprises OREO [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 0 | 0 |
Farmland and Other Commercial Enterprises OREO [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 0 | 0 |
Farmland and Other Commercial Enterprises OREO [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 1,887 | 9,152 |
Farmland and Other Commercial Enterprises OREO [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 1,887 | 9,152 |
OREO [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 0 | 0 |
OREO [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 0 | 0 |
OREO [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 7,012 | 24,733 |
OREO [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 7,012 | 24,733 |
Real Estate Mortgage Residential [Member] | Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 0 | 0 |
Real Estate Mortgage Residential [Member] | Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 0 | 0 |
Real Estate Mortgage Residential [Member] | Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 1,219 | 2,085 |
Real Estate Mortgage Residential [Member] | Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 1,219 | 2,085 |
Real Estate Mortgage Farmland And Other Commercial Enterprises [Member] | Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 0 | 0 |
Real Estate Mortgage Farmland And Other Commercial Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 0 | 0 |
Real Estate Mortgage Farmland And Other Commercial Enterprises [Member] | Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 7 | 3,152 |
Real Estate Mortgage Farmland And Other Commercial Enterprises [Member] | Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 7 | 3,152 |
Commercial And Industrial [Member] | Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 0 | 0 |
Commercial And Industrial [Member] | Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 0 | 0 |
Commercial And Industrial [Member] | Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 37 | 88 |
Commercial And Industrial [Member] | Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 37 | 88 |
Real Estate Construction And Land Development [Member] | Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | ' | 0 |
Real Estate Construction And Land Development [Member] | Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | ' | 0 |
Real Estate Construction And Land Development [Member] | Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | ' | 334 |
Real Estate Construction And Land Development [Member] | Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | ' | 334 |
Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | 1,263 | 5,659 |
Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Carrying Amount of Assets Measured at Fair Value on a Nonrecurring Basis [Line Items] | ' | ' |
Assets fair value, nonrecurring | $1,263 | $5,659 |
Note_11_Fair_Value_Measurement5
Note 11 - Fair Value Measurements (Details) - Impairment Charges on Assets Measured at Fair Value on a Nonrecurring Basis (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Impairment charges: | ' | ' | ' | ' |
Impairment charges | $554 | $1,844 | $1,438 | $2,904 |
OREO [Member] | ' | ' | ' | ' |
Impairment charges: | ' | ' | ' | ' |
Impairment charges | 419 | 1,005 | 1,170 | 1,694 |
Impaired Loans [Member] | ' | ' | ' | ' |
Impairment charges: | ' | ' | ' | ' |
Impairment charges | $135 | $839 | $268 | $1,210 |
Note_11_Fair_Value_Measurement6
Note 11 - Fair Value Measurements (Details) - Quantitative Information About Unobservable Inputs for Assets Measured on A Nonrecurring Basis Using Level 3 Measurements (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
OREO [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Quantitative Information About Unobservable Inputs for Assets Measured on A Nonrecurring Basis Using Level 3 Measurements [Line Items] | ' | ' |
Fair Value (in Dollars) | $7,012 | $24,733 |
Valuation Technique | 'Discounted appraisals | ' |
Unobservable Inputs | 'Marketability discount | ' |
OREO [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Quantitative Information About Unobservable Inputs for Assets Measured on A Nonrecurring Basis Using Level 3 Measurements [Line Items] | ' | ' |
Range | 0.50% | ' |
OREO [Member] | Fair Value, Inputs, Level 3 [Member] | Maximum [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Quantitative Information About Unobservable Inputs for Assets Measured on A Nonrecurring Basis Using Level 3 Measurements [Line Items] | ' | ' |
Range | 31.80% | ' |
OREO [Member] | Fair Value, Inputs, Level 3 [Member] | Weighted Average [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Quantitative Information About Unobservable Inputs for Assets Measured on A Nonrecurring Basis Using Level 3 Measurements [Line Items] | ' | ' |
Range | 8.10% | ' |
OREO [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Quantitative Information About Unobservable Inputs for Assets Measured on A Nonrecurring Basis Using Level 3 Measurements [Line Items] | ' | ' |
Fair Value (in Dollars) | 7,012 | 24,733 |
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Quantitative Information About Unobservable Inputs for Assets Measured on A Nonrecurring Basis Using Level 3 Measurements [Line Items] | ' | ' |
Fair Value (in Dollars) | 1,263 | 5,659 |
Valuation Technique | 'Discounted appraisals | ' |
Unobservable Inputs | 'Marketability discount | ' |
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | Minimum [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Quantitative Information About Unobservable Inputs for Assets Measured on A Nonrecurring Basis Using Level 3 Measurements [Line Items] | ' | ' |
Range | 0.00% | ' |
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | Maximum [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Quantitative Information About Unobservable Inputs for Assets Measured on A Nonrecurring Basis Using Level 3 Measurements [Line Items] | ' | ' |
Range | 30.10% | ' |
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | Weighted Average [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Quantitative Information About Unobservable Inputs for Assets Measured on A Nonrecurring Basis Using Level 3 Measurements [Line Items] | ' | ' |
Range | 13.00% | ' |
Impaired Loans [Member] | ' | ' |
Note 11 - Fair Value Measurements (Details) - Quantitative Information About Unobservable Inputs for Assets Measured on A Nonrecurring Basis Using Level 3 Measurements [Line Items] | ' | ' |
Fair Value (in Dollars) | $1,263 | $5,659 |
Note_11_Fair_Value_Measurement7
Note 11 - Fair Value Measurements (Details) - The Carrying Amounts and Estimated Fair Values of the Company’s Financial Instruments (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||
Assets | ' | ' | ' | ' |
Cash and cash equivalents | $68,987 | $68,253 | $97,589 | $95,855 |
Held to maturity investment securities | 3,814 | 765 | ' | ' |
Held to maturity investment securities | 3,963 | 827 | ' | ' |
Loans, net | 953,056 | 979,306 | ' | ' |
Liabilities | ' | ' | ' | ' |
Deposits | 1,382,673 | 1,410,215 | ' | ' |
Federal funds purchased and other short-term borrowings | 24,230 | 29,123 | ' | ' |
Securities sold under agreements to repurchase and other long-term borrowings | 127,797 | 127,880 | ' | ' |
Subordinated notes payable to unconsolidated trusts | 48,970 | 48,970 | ' | ' |
Fair Value, Inputs, Level 1 [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Cash and cash equivalents | 68,987 | 68,253 | ' | ' |
Held to maturity investment securities | 0 | 0 | ' | ' |
Loans, net | 0 | 0 | ' | ' |
Accrued interest receivable | 0 | 0 | ' | ' |
Federal Home Loan Bank and Federal Reserve Bank Stock | ' | ' | ' | ' |
Liabilities | ' | ' | ' | ' |
Deposits | 947,958 | 938,700 | ' | ' |
Federal funds purchased and other short-term borrowings | 0 | 0 | ' | ' |
Securities sold under agreements to repurchase and other long-term borrowings | 0 | 0 | ' | ' |
Subordinated notes payable to unconsolidated trusts | 0 | 0 | ' | ' |
Accrued interest payable | 0 | 0 | ' | ' |
Fair Value, Inputs, Level 2 [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | ' | ' |
Held to maturity investment securities | 3,963 | 827 | ' | ' |
Loans, net | 0 | 0 | ' | ' |
Accrued interest receivable | 5,670 | 5,901 | ' | ' |
Federal Home Loan Bank and Federal Reserve Bank Stock | ' | ' | ' | ' |
Liabilities | ' | ' | ' | ' |
Deposits | 0 | 0 | ' | ' |
Federal funds purchased and other short-term borrowings | 24,230 | 29,123 | ' | ' |
Securities sold under agreements to repurchase and other long-term borrowings | 138,251 | 139,375 | ' | ' |
Subordinated notes payable to unconsolidated trusts | 0 | 0 | ' | ' |
Accrued interest payable | 1,065 | 1,137 | ' | ' |
Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | ' | ' |
Held to maturity investment securities | 0 | 0 | ' | ' |
Loans, net | 953,158 | 977,846 | ' | ' |
Accrued interest receivable | 0 | 0 | ' | ' |
Federal Home Loan Bank and Federal Reserve Bank Stock | ' | ' | ' | ' |
Liabilities | ' | ' | ' | ' |
Deposits | 436,703 | 473,872 | ' | ' |
Federal funds purchased and other short-term borrowings | 0 | 0 | ' | ' |
Securities sold under agreements to repurchase and other long-term borrowings | 0 | 0 | ' | ' |
Subordinated notes payable to unconsolidated trusts | 23,794 | 26,070 | ' | ' |
Accrued interest payable | 0 | 0 | ' | ' |
Reported Value Measurement [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Cash and cash equivalents | 68,987 | 68,253 | ' | ' |
Held to maturity investment securities | 3,814 | 765 | ' | ' |
Loans, net | 953,056 | 979,306 | ' | ' |
Accrued interest receivable | 5,670 | 5,901 | ' | ' |
Federal Home Loan Bank and Federal Reserve Bank Stock | 9,368 | 9,516 | ' | ' |
Liabilities | ' | ' | ' | ' |
Deposits | 1,382,673 | 1,410,215 | ' | ' |
Federal funds purchased and other short-term borrowings | 24,230 | 29,123 | ' | ' |
Securities sold under agreements to repurchase and other long-term borrowings | 127,797 | 127,880 | ' | ' |
Subordinated notes payable to unconsolidated trusts | 48,970 | 48,970 | ' | ' |
Accrued interest payable | 1,065 | 1,137 | ' | ' |
Estimate of Fair Value Measurement [Member] | ' | ' | ' | ' |
Assets | ' | ' | ' | ' |
Cash and cash equivalents | 68,987 | 68,253 | ' | ' |
Held to maturity investment securities | 3,963 | 827 | ' | ' |
Loans, net | 953,158 | 977,846 | ' | ' |
Accrued interest receivable | 5,670 | 5,901 | ' | ' |
Federal Home Loan Bank and Federal Reserve Bank Stock | ' | ' | ' | ' |
Liabilities | ' | ' | ' | ' |
Deposits | 1,384,661 | 1,412,572 | ' | ' |
Federal funds purchased and other short-term borrowings | 24,230 | 29,123 | ' | ' |
Securities sold under agreements to repurchase and other long-term borrowings | 138,251 | 139,375 | ' | ' |
Subordinated notes payable to unconsolidated trusts | 23,794 | 26,070 | ' | ' |
Accrued interest payable | $1,065 | $1,137 | ' | ' |