Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Mar. 31, 2015 | 7-May-15 | |
Document Information [Line Items] | ||
Entity Registrant Name | NEWBRIDGE BANCORP | |
Entity Central Index Key | 714530 | |
Current Fiscal Year End Date | -19 | |
Entity Filer Category | Accelerated Filer | |
Trading Symbol | NBBC | |
Document Type | 10-Q | |
Amendment Flag | FALSE | |
Document Period End Date | 31-Mar-15 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2015 | |
Common Class A [Member] | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding | 35,880,135 | |
Common Class B [Member] | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding | 3,186,748 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Assets | ||
Cash and due from banks | $38,751 | $32,870 |
Interest-bearing bank balances | 5,089 | 1,499 |
Investment certificates of deposit | 18,822 | 15,632 |
Loans held for sale | 11,739 | 6,181 |
Available for sale investment securities | 392,045 | 366,097 |
Held to maturity investment securities (market value of $146,573 and $131,915 at March 31, 2015 and December 31, 2014, respectively) | 144,038 | 130,701 |
Loans | 1,948,032 | 1,804,406 |
Less allowance for credit losses | -21,878 | -22,112 |
Net loans | 1,926,154 | 1,782,294 |
Premises and equipment | 44,756 | 44,822 |
Goodwill and other intangible assets | 29,880 | 26,679 |
Real estate acquired in settlement of loans | 2,484 | 3,057 |
Bank-owned life insurance | 61,496 | 52,891 |
Deferred tax assets | 31,601 | 33,133 |
Other assets | 28,181 | 24,376 |
Total assets | 2,735,036 | 2,520,232 |
Liabilities | ||
Noninterest-bearing deposits | 360,378 | 319,327 |
NOW deposits | 543,149 | 509,450 |
Savings and money market deposits | 543,181 | 454,372 |
Time deposits | 580,077 | 549,415 |
Total deposits | 2,026,785 | 1,832,564 |
Borrowings from the Federal Home Loan Bank | 355,800 | 346,700 |
Other borrowings | 79,654 | 91,774 |
Accrued expenses and other liabilities | 21,584 | 17,839 |
Total liabilities | 2,483,823 | 2,288,877 |
Shareholders' Equity | ||
Preferred stock - Authorized 30,000,000 shares; issued and outstanding - none at 3/31/15 and 12/31/2014 | 0 | 0 |
Common stock: Class A and Class B | 290,755 | 275,615 |
Directors' deferred compensation plan | -324 | -324 |
Accumulated deficit | -40,056 | -43,241 |
Accumulated other comprehensive income (loss) | 838 | -695 |
Total shareholders’ equity | 251,213 | 231,355 |
Total liabilities and shareholders’ equity | $2,735,036 | $2,520,232 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets [Parenthetical] (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, except Share data, unless otherwise specified | ||
Held to maturity investment securities at market value (in dollars) | $146,573 | $131,915 |
Preferred stock, shares authorized | 30,000,000 | 30,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common Class A [Member] | ||
Common stock, par value (in dollars per share) | $0 | $0 |
Common stock, shares authorized | 90,000,000 | 90,000,000 |
Common stock, shares issued | 35,815,135 | 34,008,795 |
Common stock, shares outstanding | 35,815,135 | 34,008,795 |
Common Class B [Member] | ||
Common stock, par value (in dollars per share) | $0 | $0 |
Common stock, shares authorized | 10,000,000 | 10,000,000 |
Common stock, shares issued | 3,186,748 | 3,186,748 |
Common stock, shares outstanding | 3,186,748 | 3,186,748 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Interest Income | ||
Interest and fees on loans | $19,463 | $15,111 |
Interest on investment securities: | ||
Taxable | 3,959 | 2,796 |
Tax-exempt | 276 | 156 |
Interest-bearing bank balances and investment certificates of deposit | 37 | 1 |
Total interest income | 23,735 | 18,064 |
Interest Expense | ||
Deposits | 1,140 | 857 |
Federal Home Loan Bank borrowings | 263 | 186 |
Other borrowings | 645 | 385 |
Total interest expense | 2,048 | 1,428 |
Net interest income | 21,687 | 16,636 |
Provision for credit losses | 104 | 144 |
Net interest income after provision for credit losses | 21,583 | 16,492 |
Noninterest Income | ||
Retail banking | 2,108 | 2,579 |
Mortgage banking services | 356 | 129 |
Wealth management services | 752 | 716 |
Gain on sale of investment securities | 0 | 0 |
Bank-owned life insurance | 307 | 448 |
Other | 862 | 454 |
Total noninterest income | 4,385 | 4,326 |
Noninterest Expense | ||
Personnel | 10,069 | 8,341 |
Occupancy | 1,379 | 1,186 |
Furniture and equipment | 961 | 907 |
Technology and data processing | 1,213 | 1,117 |
Legal and professional | 740 | 538 |
FDIC insurance | 411 | 397 |
Real estate acquired in settlement of loans | 177 | 398 |
Acquisition-related | 2,257 | 88 |
Other | 2,920 | 2,495 |
Total noninterest expense | 20,127 | 15,467 |
Income before income taxes | 5,841 | 5,351 |
Income tax expense | 2,071 | 1,900 |
Net Income | 3,770 | 3,451 |
Dividends on preferred stock | 0 | -337 |
Net Income available to common shareholders | $3,770 | $3,114 |
Earnings per share: | ||
Basic (in dollars per share) | $0.10 | $0.11 |
Diluted (in dollars per share) | $0.10 | $0.11 |
Cash dividends declared per share (in dollars per share) | $0.02 | $0 |
Weighted average shares outstanding: | ||
Basic (in shares) | 37,844,273 | 28,487,709 |
Diluted (in shares) | 38,333,841 | 28,597,530 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Net Income | $3,770 | $3,451 |
Unrealized gains (losses) on securities: | ||
Unrealized holding gains (losses) arising during period, net of tax of $736 and $1,130, respectively | 1,187 | 1,775 |
Unrealized gains (losses) of cash flow hedges: | ||
Unrecognized holding gains (losses) arising during period, net of tax of $289 and $0, respectively | 467 | 0 |
Reclassification adjustment for (gains) losses included in net income, net of tax of $(75) and $0, respectively | -121 | 0 |
Defined benefit pension plans: | ||
Amortization of net loss, net of tax of $0 and $6, respectively | 0 | -10 |
Total other comprehensive income (loss) | 1,533 | 1,765 |
Comprehensive Income | $5,303 | $5,216 |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income [Parenthetical] (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Unrealized holding gains (losses) arising during period, tax | $736 | $1,130 |
Other Comprehensive Income Change In Unrecognized Gain Loss On Cash Flow Hedging, tax | 289 | 0 |
Other Comprehensive Income Reclassification adjustment for (gains) losses included in net income, tax | -75 | 0 |
Amortization of post retirement benefit, tax | $0 | $6 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Shareholders' Equity (USD $) | Total | Preferred Stock Series A [Member] | Common Class A [Member] | Common Class B [Member] | Common Stock [Member] | Directors' Deferred Comp Plan [Member] | Accumulated Deficit [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
In Thousands, except Share data | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | |||
Balance at Dec. 31, 2013 | $166,792 | $210,297 | ($468) | ($56,880) | ($1,157) | |||
Balance (in shares) at Dec. 31, 2013 | 15,000 | 25,291,568 | 3,186,748 | |||||
Net Income | 3,451 | 0 | 0 | 3,451 | 0 | |||
Change in accumulated other comprehensive income (loss) net of deferred income taxes | 1,765 | 0 | 0 | 0 | 1,765 | |||
Redemption of preferred stock | -15,000 | 0 | 0 | 0 | 0 | |||
Stock Redeemed or Called During Period, Shares | -15,000 | |||||||
Dividends on preferred stock | -337 | 0 | 0 | -337 | 0 | |||
Expense of stock issuance | 0 | |||||||
Stock issuance pursuant to restricted stock units | -49 | -49 | 0 | 0 | 0 | |||
Stock issuance pursuant to restricted stock units (in shares) | 0 | 12,252 | 0 | |||||
Stock-based compensation | 203 | 203 | 0 | 0 | 0 | |||
Balance at Mar. 31, 2014 | 156,825 | 210,451 | -468 | -53,766 | 608 | |||
Balance (in shares) at Mar. 31, 2014 | 0 | 25,303,820 | 3,186,748 | |||||
Balance at Dec. 31, 2014 | 231,355 | 275,615 | -324 | -43,241 | -695 | |||
Balance (in shares) at Dec. 31, 2014 | 0 | 34,008,795 | 3,186,748 | |||||
Net Income | 3,770 | 0 | 0 | 3,770 | 0 | |||
Change in accumulated other comprehensive income (loss) net of deferred income taxes | 1,533 | 0 | 0 | 0 | 1,533 | |||
Redemption of preferred stock | 0 | |||||||
Acquisition of Premier Commercial Bank | 15,037 | 15,037 | 0 | 0 | 0 | |||
Acquisition of Premier Commercial Bank (in shares) | 0 | 1,735,465 | 0 | |||||
Expense of stock issuance | -101 | -101 | 0 | 0 | 0 | |||
Dividends on common stock | -585 | 0 | 0 | -585 | 0 | |||
Exercise of stock options | 122 | 122 | 0 | 0 | 0 | |||
Exercise of stock options (in shares) | 0 | 20,000 | 0 | |||||
Stock issuance pursuant to restricted stock units | -240 | -240 | 0 | 0 | 0 | |||
Stock issuance pursuant to restricted stock units (in shares) | 0 | 50,875 | 0 | |||||
Excess tax benefits from stock-based awards | 135 | 135 | 0 | 0 | 0 | |||
Stock-based compensation | 187 | 187 | 0 | 0 | 0 | |||
Balance at Mar. 31, 2015 | $251,213 | $290,755 | ($324) | ($40,056) | $838 | |||
Balance (in shares) at Mar. 31, 2015 | 0 | 35,815,135 | 3,186,748 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Cash Flow from operating activities | ||
Net Income | $3,770 | $3,451 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 1,082 | 1,402 |
Securities premium amortization and discount accretion, net | 117 | 219 |
Earnings on bank-owned life insurance | -307 | -448 |
Mortgage banking services | -356 | -129 |
Originations of loans held for sale | -30,972 | -14,130 |
Proceeds from sales of loans held for sale | 28,089 | 14,303 |
Accretion on acquired loans | -1,468 | -705 |
Excess tax benefits from stock-based awards | -135 | 0 |
Deferred income tax expense (benefit) | 2,071 | 1,900 |
Writedowns and (gains) losses on sales of real estate acquired in settlement of loans, net | 94 | 245 |
Provision for credit losses | 104 | 144 |
Stock-based compensation | 187 | 203 |
(Increase) decrease in income taxes receivable | -175 | 99 |
(Increase) decrease in interest earned but not received | -186 | 46 |
Increase (decrease) in interest accrued but not paid | 283 | -14 |
Net (increase) decrease in other assets | -1,777 | -1,288 |
Net increase (decrease) in other liabilities | 610 | -248 |
Net cash provided by (used in) operating activities | 1,031 | 5,050 |
Cash Flow from investing activities | ||
Net cash received from acquisition | 3,215 | 0 |
Proceeds from maturities of investment certificates of deposit | 1,245 | 0 |
Purchases of available for sale ("AFS") securities | -9,480 | -11,805 |
Purchases of held to maturity ("HTM") securities | -18,195 | -36,517 |
Proceeds from sales of AFS securities | 25,891 | 0 |
Proceeds from maturities, prepayments and calls of AFS securities | 8,507 | 9,001 |
Proceeds from maturities, prepayments and calls of HTM securities | 4,880 | 751 |
Net (increase) decrease in loans | -46,848 | -27,584 |
Purchase of bank-owned life insurance | -8,299 | 0 |
Purchases of premises and equipment | -705 | -466 |
Proceeds from sales of premises and equipment | 1 | 352 |
Proceeds from sales of real estate acquired in settlement of loans | 905 | 2,233 |
Net cash provided by (used in) investing activities | -38,883 | -64,035 |
Cash Flow from financing activities | ||
Net increase (decrease) in demand deposits and NOW accounts | 51,642 | 31,653 |
Net increase (decrease) in savings and money market accounts | 17,727 | -4,344 |
Net increase (decrease) in time deposits | 827 | 40,981 |
Net increase (decrease) in Federal Home Loan Bank borrowings | -10,669 | 6,000 |
Net increase (decrease) in other borrowings | -12,120 | 9,000 |
Dividends paid | 0 | -337 |
Redemption of preferred stock | 0 | -15,000 |
Exercise of stock options | 122 | 0 |
Cash paid in lieu of issuing shares pursuant to restricted stock units | -240 | -49 |
Excess tax benefits from stock-based awards | 135 | 0 |
Expense of stock issuance | -101 | 0 |
Net cash provided by (used in) financing activities | 47,323 | 67,904 |
Increase (decrease) in cash and cash equivalents | 9,471 | 8,919 |
Cash and cash equivalents at the beginning of the period | 34,369 | 33,513 |
Cash and cash equivalents at the end of the period | 43,840 | 42,432 |
Supplemental disclosures of cash flow information | ||
Cash paid during the periods for: Interest | 1,750 | 1,442 |
Cash paid during the periods for: Income taxes | 200 | 0 |
Supplemental disclosures of noncash transactions | ||
Transfer of loans to real estate acquired in settlement of loans | 425 | 550 |
Dividends declared but not paid | 585 | 0 |
Unrealized gains (losses) on securities available for sale: | ||
Change in securities available for sale | 1,923 | 2,905 |
Change in deferred income taxes | -736 | -1,130 |
Change in shareholders’ equity | 1,187 | 1,775 |
Unrealized gains (losses) on cash flow hedges: | ||
Change in fair value of cash flow hedges | 560 | 0 |
Change in deferred income taxes | -214 | 0 |
Change in shareholders’ equity | 346 | 0 |
Acquisition: | ||
Fair value of assets acquired | 161,663 | 0 |
Fair value of liabilities assumed | $144,483 | $0 |
Basis_of_Presentation
Basis of Presentation | 3 Months Ended |
Mar. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | Note 1 — Basis of Presentation |
The accompanying interim unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. They do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) and provisions for credit losses considered necessary for a fair presentation have been included. Operating results for the three-month period ended March 31, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015. | |
NewBridge Bancorp (the “Company”) is a bank holding company incorporated under the laws of North Carolina (“NC”) and registered under the Bank Holding Company Act of 1956, as amended (the “BHCA”). The Company’s principal asset is stock of its banking subsidiary, NewBridge Bank (the “Bank”). Accordingly, throughout this Quarterly Report on Form 10-Q, there are frequent references to the Bank. | |
Through its branch network, the Bank provides a wide range of banking products to individuals, small to medium-sized businesses and other organizations in its market areas, including interest-bearing and noninterest-bearing checking accounts, certificates of deposit, individual retirement accounts, overdraft protection, personal and corporate trust services, safe deposit boxes, online banking, corporate cash management, brokerage, financial planning and asset management, mortgage loans and secured and unsecured loans. | |
The organization and business of the Company, accounting policies followed by the Company and other relevant information are contained in the notes to the consolidated financial statements in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014, filed with the Securities and Exchange Commission (the “SEC”) on March 12, 2015 (SEC File No. 000-11448) (the “Annual Report”). This Quarterly Report should be read in conjunction with the Annual Report. | |
Recent accounting pronouncements | |
In January 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2014-04, “Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force).” This Update provides guidance on when an in-substance repossession or foreclosure is deemed to occur, which requires the mortgage loan to be derecognized and the related real estate be recognized. The Update clarifies that an in-substance repossession or foreclosure is deemed to occur upon either (i) a creditor obtaining legal title to the residential real estate or (ii) the borrower conveying all interest in the residential real estate through a deed in lieu of foreclosure (or a similar legal agreement). Creditors must disclose the amount of foreclosed residential real estate held as well as the amount of collateralized loans for which foreclosure is in process. The Update became effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The Update can be adopted on either a modified retrospective or a prospective method, and early adoption was permitted. The Company adopted this Update prospectively January 1, 2015, which requires additional disclosure by the Company but does not otherwise materially affect our financial statements. (See Note 5 of the Notes to the Consolidated Financial Statements of this Quarterly Report on Form 10-Q.) | |
In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” This Update sets new guidance to clarify principles for recognizing revenue and develops a common revenue standard with the International Accounting Standards Board. ASU 2014-09 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. On April 29, 2015, the FASB released proposed ASU 2015-240, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, which calls for a one-year delay of the effective date of this Update for most companies. The Company is currently evaluating the effect of adopting ASU 2014-09 on its consolidated financial statements. | |
In June 2014, the FASB issued ASU 2014-11, “Transfers and Servicing: Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures (Topic 860).” The amendments in this Update require two accounting changes. First, the amendments in this Update change the accounting for repurchase-to-maturity transactions to secured borrowing accounting. Second, for repurchase financing arrangements, the amendments require separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement. Also, the amendments in this Update require disclosure for certain transactions accounted for as a sale and for repurchase agreements, securities lending transactions, and repurchase-to-maturity transactions accounted for as secured borrowings. The accounting changes and the disclosure for certain transactions accounted for as a sale in this Update are effective for public business entities for the first interim or annual period beginning after December 15, 2014, and the disclosure for repurchase agreements, securities lending transactions, and repurchase-to-maturity transactions accounted for as secured borrowings is required to be presented for annual periods beginning after December 15, 2014 and for interim periods beginning after March 15, 2015. Early adoption for a public business entity is prohibited. This Update will require additional disclosure by the Company but does not otherwise materially affect our financial statements. | |
In August 2014, the FASB issued ASU 2014-14, “Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force).” The amendments in this Update require that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if the following conditions are met: (i) the loan has a government guarantee that is not separable from the loan before foreclosure; (ii) at the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim; and (iii) at the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed. Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. An entity should adopt the amendments in this Update using either a prospective transition method or a modified retrospective transition method. Early adoption, including adoption in an interim period, was permitted if the entity already had adopted ASU 2014-04. The adoption of ASU 2014-14 did not have a material effect on the Company’s consolidated financial statements as the Company does not have a material amount of government-guaranteed mortgage loans. | |
In February 2015, the FASB issued ASU 2015-01, “Income Statement – Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.” This Update eliminates from GAAP the concept of extraordinary items, which are items that are unusual in nature and infrequent. The amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. A reporting entity may apply the amendments prospectively and also may apply the amendments retrospectively to all prior periods presented in the financial statements. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The effective date is the same for both public business entities and all other entities. The adoption of ASU 2015-01 is not expected to have a material effect on the Company’s consolidated financial statements. | |
In February 2015, the FASB issued ASU 2015-02, “Consolidation (Subtopic 810): Amendments to the Consolidation Analysis.” This Update provides an additional requirement for a limited partnership or similar entity to qualify as a voting interest entity and also amends the criteria for consolidating such an entity. In addition, the Update amends the criteria for evaluating fees paid to a decision maker or service provider as a variable interest and amends the criteria for evaluating the effect of fee arrangements and related parties on a variable interest entity primary beneficiary determination. The amendments in this Update are effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. The Company does not anticipate that the adoption of ASU 2015-02 will have a material effect on its consolidated financial statements as the Company does not have any significant investments in limited partnerships with voting rights. | |
In April 2015, the FASB issued ASU 2015-03, “Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” This Update requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. For public business entities, the amendments in this Update are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption of the amendments in this Update is permitted for financial statements that have not been previously issued. An entity should apply the new guidance on a retrospective basis. The adoption of ASU 2015-03 is not expected to have a material effect on the Company’s consolidated financial statements. | |
Reclassification | |
Certain items for 2014 have been reclassified to conform to the 2015 presentation. Such reclassifications had no effect on net income, total assets or shareholders’ equity as previously reported. | |
Business_Combinations_and_Acqu
Business Combinations and Acquisitions | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Business Combinations [Abstract] | ||||||||
Business Combination Disclosure | Note 2 – Business Combinations and Acquisitions | |||||||
Acquisition of Premier Commercial Bank | ||||||||
On February 27, 2015, the acquisition of Premier Commercial Bank (“Premier”) was completed. Premier, a commercial bank headquartered in Greensboro, NC, operated one full-service banking office centrally located in Greensboro and residential mortgage origination offices in Greensboro, Charlotte, Raleigh, High Point, Kernersville and Burlington, NC. Per the terms of the Agreement and Plan of Combination and Reorganization, 75% of the 1,925,247 shares of Premier common stock outstanding at acquisition were exchanged for 1,735,465 shares of the Company’s Class A common stock at an exchange ratio of 1.2019, and the remaining 25% was exchanged for cash of $4.8 million. The shares were issued at a price of $8.30 per share, the closing stock price of the Class A common stock on February 27, 2015. The total purchase price was $19.8 million, including the conversion of 294,400 Premier stock options having a fair value of $632,000. The acquisition was a tax-free transaction. | ||||||||
The transaction was accounted for using the acquisition method of accounting. Under the acquisition method of accounting, the assets and liabilities of Premier, as of February 27, 2015, were recorded at their respective fair values, and the excess of the acquisition consideration over the fair value of Premier’s net assets was allocated to goodwill. For the acquisition of Premier, estimated fair values of assets acquired and liabilities assumed are based on the information available, and the Company believes this information provides a reasonable basis for determining fair values. Management continues to evaluate these fair values, which are subject to revision as more detailed analyses are completed and additional information becomes available. Any changes resulting from the evaluation of these or other estimates as of the acquisition date may change the amount of the fair values recorded. | ||||||||
The following table summarizes the allocation of the purchase price to the assets acquired and the liabilities assumed based on their estimated fair values (dollars in thousands, except per share data): | ||||||||
Fair value of assets acquired | ||||||||
Cash and cash equivalents | $ | 8,028 | ||||||
Investment certificates of deposit | 4,478 | |||||||
Loans held for sale | 2,319 | |||||||
Investment securities | 47,085 | |||||||
Loans | 95,984 | |||||||
Premises and equipment | 114 | |||||||
Core deposit intangible | 970 | |||||||
Deferred tax assets | 1,355 | |||||||
Other assets | 1,330 | |||||||
Total assets acquired | 161,663 | |||||||
Fair value of liabilities assumed | ||||||||
Deposits | 124,182 | |||||||
Federal Home Loan Bank borrowings | 19,810 | |||||||
Other liabilities | 491 | |||||||
Total liabilities assumed | 144,483 | |||||||
Net assets acquired | $ | 17,180 | ||||||
Purchase price | ||||||||
Shares of common stock issued | 1,735,465 | |||||||
Purchase price per share of the Company’s common stock | $ | 8.3 | ||||||
Company common stock issued and cash exchanged for fractional shares | 14,405 | |||||||
Fair value of converted stock options | 632 | |||||||
Cash paid | 4,813 | |||||||
Total purchase price | $ | 19,850 | ||||||
Goodwill | $ | 2,670 | ||||||
Purchased Credit Impaired (“PCI”) loans acquired totaled $16.1 million at estimated fair value, and acquired performing loans totaled $79.9 million at estimated fair value. The gross contractual amount receivable for PCI loans and acquired performing loans was $20.0 million and $100.1 million, respectively, as of the acquisition date. For the acquired performing loans, the best estimate at acquisition date of contractual cash flows not expected to be collected is $1.4 million. | ||||||||
Goodwill recorded for Premier represents future revenues to be derived, including efficiencies that will result from combining operations, and other non-identifiable intangible assets. None of the goodwill is expected to be deductible for tax purposes. | ||||||||
Pro Forma | ||||||||
The following table reflects the pro forma total net interest income, noninterest income and net income for the three months ended March 31, 2015 and 2014 as though the acquisition of Premier had taken place on January 1, 2014. The pro forma results are not adjusted for acquisition-related expense, and are not necessarily indicative of the results of operations that would have occurred had the acquisition actually taken place on January 1, 2014, nor of future results of operations. | ||||||||
Three Months Ended March 31 | ||||||||
(Dollars in thousands) | 2015 | 2014 | ||||||
Net interest income | $ | 22,361 | $ | 18,052 | ||||
Noninterest income | 4,691 | 4,904 | ||||||
Net income | 3,461 | 3,709 | ||||||
It is not practicable to present the revenue and earnings of Premier since acquisition because Premier has not been maintained as a separate accounting entity. | ||||||||
Acquisition of CapStone Bank | ||||||||
On April 1, 2014, the Company completed its acquisition of CapStone Bank (“CapStone”), headquartered in Raleigh, NC, with branches in Cary, Clinton, Fuquay-Varina and Raleigh, pursuant to which CapStone’s shareholders received 2.25 shares of the Company’s Class A common stock for each share of CapStone common stock. The Company issued 8,075,228 shares of Class A common stock (in exchange for 3,589,028 shares of CapStone common stock issued and outstanding as of the closing date) at a price of $7.14 per share, the closing stock price of the Class A common stock on March 31, 2014. The implied value of the consideration received by CapStone shareholders was $16.065 per share of CapStone common stock. The total purchase price was $62.3 million, including the conversion of 617,270 CapStone stock options having a fair value of $4.6 million. No cash was issued in the transaction other than an immaterial amount of cash paid in lieu of fractional shares. The acquisition was a tax-free transaction. | ||||||||
The transaction was accounted for using the acquisition method of accounting. Under the acquisition method of accounting, the assets and liabilities of CapStone, as of April 1, 2014, were recorded at their respective estimated fair values, and the excess of the acquisition consideration over the fair value of CapStone’s net assets was allocated to goodwill. The estimated fair values of assets acquired and liabilities assumed are based on the information available, and the Company believes this information provides a reasonable basis for determining fair values. | ||||||||
The following table summarizes the allocation of the purchase price to the assets acquired and the liabilities assumed based on their estimated fair values (dollars in thousands, except per share data): | ||||||||
Fair value of assets acquired | ||||||||
Cash and cash equivalents | $ | 6,198 | ||||||
Investment certificates of deposit | 18,250 | |||||||
Federal funds sold | 1,000 | |||||||
Available for sale investment securities | 49,357 | |||||||
Loans | 292,848 | |||||||
Premises and equipment | 3,185 | |||||||
Core deposit intangible | 2,490 | |||||||
Real estate acquired in settlement of loans | 169 | |||||||
Deferred tax assets | 3,740 | |||||||
Other assets | 4,357 | |||||||
Total assets acquired | 381,594 | |||||||
Fair value of liabilities assumed | ||||||||
Deposits | 273,665 | |||||||
Federal Home Loan Bank borrowings | 61,268 | |||||||
Accrued expenses and other liabilities | 1,797 | |||||||
Total liabilities assumed | 336,730 | |||||||
Net assets acquired | $ | 44,864 | ||||||
Purchase price | ||||||||
Shares of common stock issued | 8,075,228 | |||||||
Purchase price per share of Class A common stock | $ | 7.14 | ||||||
Class A common stock issued and cash exchanged for fractional shares | 57,658 | |||||||
Fair value of converted stock options | 4,606 | |||||||
Total purchase price | $ | 62,264 | ||||||
Goodwill | $ | 17,400 | ||||||
During the third quarter of 2014, adjustments of $509,000 were made to deferred tax assets acquired and goodwill. During the fourth quarter of 2014, there was an adjustment of $5,000 made to real estate acquired in settlement of loans and goodwill. | ||||||||
PCI loans acquired totaled $65.8 million at estimated fair value, and acquired performing loans totaled $227.0 million at estimated fair value. The gross contractual amount receivable for PCI loans and acquired performing loans was $84.9 million and $274.8 million, respectively, as of the acquisition date. For the acquired performing loans, the best estimate at acquisition date of contractual cash flows not expected to be collected is $2.5 million. | ||||||||
Goodwill recorded for CapStone represents future revenues to be derived, including efficiencies that will result from combining operations, and other non-identifiable intangible assets. None of the goodwill is expected to be deductible for tax purposes. | ||||||||
Acquisition-related expense during the first three months of 2015 totaled $2.3 million. These costs are recorded as noninterest expense as incurred. Acquisition-related expense during the first three months of 2014 was $88,000 and was related to the acquisitions of Security Savings Bank, SSB (“Security Savings”) and CapStone. The components of acquisition-related expense for 2015 predominately related to the acquisition of Premier are as follows (dollars in thousands): | ||||||||
Personnel | $ | 1345 | ||||||
Furniture and equipment | 330 | |||||||
Technology and data processing | 389 | |||||||
Legal and professional | 158 | |||||||
Other | 35 | |||||||
Total acquisition-related expense | $ | 2,257 | ||||||
Net_Income_Per_Share
Net Income Per Share | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Earnings Per Share [Abstract] | ||||||||
Net Income Per Share | Note 3 — Net Income Per Share | |||||||
Basic and diluted net income per share are computed based on the weighted average number of shares outstanding during each period. Diluted net income per share reflects the potential dilution that could occur if stock options were exercised or restricted stock units and performance units vested, resulting in the issuance of common stock sharing in the net income of the Company. A summary of basic and diluted net income per share follows (dollars in thousands, except per share data): | ||||||||
Three Months Ended March 31 | ||||||||
2015 | 2014 | |||||||
Basic: | ||||||||
Net income available to common shareholders | $ | 3,770 | $ | 3,114 | ||||
Weighted average shares outstanding | 37,844,273 | 28,487,709 | ||||||
Net income per share, basic | $ | 0.1 | $ | 0.11 | ||||
Diluted: | ||||||||
Net income available to common shareholders | $ | 3,770 | $ | 3,114 | ||||
Weighted average shares outstanding | 37,844,273 | 28,487,709 | ||||||
Effect of dilutive securities: | ||||||||
Stock options | 317,717 | 540 | ||||||
Restricted stock units and performance units | 171,851 | 109,281 | ||||||
Weighted average shares outstanding and dilutive potential shares outstanding | 38,333,841 | 28,597,530 | ||||||
Net income per share, diluted | $ | 0.1 | $ | 0.11 | ||||
Investment_Securities
Investment Securities | 3 Months Ended | ||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||
Investment Securities [Abstract] | |||||||||||||||||||||
Investment Securities | Note 4 — Investment Securities | ||||||||||||||||||||
Investment securities consist of the following (dollars in thousands): | |||||||||||||||||||||
Available for Sale - March 31, 2015 | |||||||||||||||||||||
Amortized | Unrealized | Unrealized | Market | Average | Average | ||||||||||||||||
Cost | Gains | Losses | Value | Yield | Duration(1) | ||||||||||||||||
U.S. government agency securities | $ | 56,633 | $ | 59 | $ | -509 | $ | 56,183 | 2.11 | % | 6.51 | ||||||||||
Agency mortgage backed securities | 30,160 | 1,366 | - | 31,526 | 3.02 | 3.59 | |||||||||||||||
Collateralized mortgage obligations | 9,833 | 262 | - | 10,095 | 3.82 | 3.55 | |||||||||||||||
Commercial mortgage backed securities | 33,371 | 1,273 | - | 34,644 | 3.39 | 2.41 | |||||||||||||||
Corporate bonds | 135,761 | 4,181 | -663 | 139,279 | 3.72 | 2.84 | |||||||||||||||
Covered bonds | 49,985 | 1,831 | - | 51,816 | 3.48 | 1.75 | |||||||||||||||
State and municipal obligations | 33,814 | 1,231 | -2 | 35,043 | 5.02 | -2 | 3.55 | ||||||||||||||
Total debt securities | 349,557 | 10,203 | -1,174 | 358,586 | 3.46 | 2) | 3.39 | ||||||||||||||
Federal Home Loan Bank stock | 17,540 | - | - | 17,540 | |||||||||||||||||
Federal Reserve Bank stock | 6,097 | - | - | 6,097 | |||||||||||||||||
Other equity securities | 9,336 | 549 | -63 | 9,822 | |||||||||||||||||
Total | $ | 382,530 | $ | 10,752 | $ | -1,237 | $ | 392,045 | |||||||||||||
Available for Sale - December 31, 2014 | |||||||||||||||||||||
Amortized | Unrealized | Unrealized | Market | Average | Average | ||||||||||||||||
Cost | Gains | Losses | Value | Yield | Duration(1) | ||||||||||||||||
U.S. government agency securities | $ | 49,599 | $ | - | $ | -1,485 | $ | 48,114 | 2.05 | % | 6.8 | ||||||||||
Agency mortgage backed securities | 19,314 | 1,255 | - | 20,569 | 3.78 | 3.46 | |||||||||||||||
Collateralized mortgage obligations | 10,492 | 217 | - | 10,709 | 3.81 | 3.72 | |||||||||||||||
Commercial mortgage backed securities | 33,646 | 1,179 | - | 34,825 | 3.4 | 2.62 | |||||||||||||||
Corporate bonds | 128,798 | 3,612 | -535 | 131,875 | 3.78 | 3.5 | |||||||||||||||
Covered bonds | 49,976 | 2,017 | -73 | 51,920 | 3.49 | 1.98 | |||||||||||||||
State and municipal obligations | 33,930 | 1,204 | -4 | 35,130 | 5.17 | -2 | 3.75 | ||||||||||||||
Total debt securities | 325,755 | 9,484 | -2,097 | 333,142 | 3.58 | -2 | 3.71 | ||||||||||||||
Federal Home Loan Bank stock | 17,712 | - | - | 17,712 | |||||||||||||||||
Federal Reserve Bank stock | 5,702 | - | - | 5,702 | |||||||||||||||||
Other equity securities | 9,336 | 361 | -156 | 9,541 | |||||||||||||||||
Total | $ | 358,505 | $ | 9,845 | $ | -2,253 | $ | 366,097 | |||||||||||||
Held to Maturity - March 31, 2015 | |||||||||||||||||||||
Amortized | Unrealized | Unrealized | Market | Average | Average | ||||||||||||||||
Cost | Gains | Losses | Value | Yield | Duration(1) | ||||||||||||||||
U.S. government agency securities | $ | 29,783 | $ | 150 | $ | -102 | $ | 29,831 | 2.17 | % | 4.45 | ||||||||||
Agency mortgage backed securities | 52,466 | 1,751 | - | 54,217 | 2.56 | 4.76 | |||||||||||||||
Corporate bonds | 28,653 | 297 | -21 | 28,929 | 2.71 | 3.97 | |||||||||||||||
Covered bonds | 4,985 | 75 | - | 5,060 | 2.08 | 3.71 | |||||||||||||||
Subordinated debt issues | 27,000 | 327 | - | 27,327 | 5.88 | 9.47 | |||||||||||||||
State and municipal obligations | 1,151 | 58 | - | 1,209 | 4.28 | -2 | 7.42 | ||||||||||||||
Total | $ | 144,038 | $ | 2,658 | $ | -123 | $ | 146,573 | 3.13 | -2 | 5.43 | ||||||||||
Held to Maturity - December 31, 2014 | |||||||||||||||||||||
Amortized | Unrealized | Unrealized | Market | Average | Average | ||||||||||||||||
Cost | Gains | Losses | Value | Yield | Duration(1) | ||||||||||||||||
U.S. government agency securities | $ | 32,772 | $ | 95 | $ | -416 | $ | 32,451 | 2.16 | % | 4.75 | ||||||||||
Agency mortgage backed securities | 54,339 | 1,352 | - | 55,691 | 2.58 | 4.43 | |||||||||||||||
Corporate bonds | 23,455 | 123 | -64 | 23,514 | 2.72 | 4.19 | |||||||||||||||
Covered bonds | 4,984 | 25 | - | 5,009 | 2.08 | 3.92 | |||||||||||||||
Subordinated debt issues | 14,000 | 50 | -17 | 14,033 | 6.26 | 9.35 | |||||||||||||||
State and municipal obligations | 1,151 | 66 | - | 1,217 | 4.28 | -2 | 7.6 | ||||||||||||||
Total | $ | 130,701 | $ | 1,711 | $ | -497 | $ | 131,915 | 2.89 | -2 | 5 | ||||||||||
(1) Average remaining duration to maturity, in years | |||||||||||||||||||||
(2) Fully taxable-equivalent basis | |||||||||||||||||||||
The following table shows the Company’s investments with gross unrealized losses and their fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, as of March 31, 2015 (dollars in thousands): | |||||||||||||||||||||
Less Than 1 Year | 1 Year or More | Total | |||||||||||||||||||
Market | Unrealized | Market | Unrealized | Market | Unrealized | ||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||
U.S. government agency securities | $ | 20,849 | $ | -119 | $ | 40,613 | $ | -492 | $ | 61,462 | $ | -611 | |||||||||
Corporate bonds | 18,945 | -684 | - | - | 18,945 | -684 | |||||||||||||||
State and municipal obligations | - | - | 177 | -2 | 177 | -2 | |||||||||||||||
Equity securities | 1,024 | -4 | 1,838 | -59 | 2,862 | -63 | |||||||||||||||
Total securities | $ | 40,818 | $ | -807 | $ | 42,628 | $ | -553 | $ | 83,446 | $ | -1,360 | |||||||||
Declines in the fair value of available for sale debt securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses to the extent the impairment is related to credit losses. The amount of the impairment related to other factors is recognized in other comprehensive income. Declines in the fair value of held to maturity securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses. In estimating other-than-temporary impairment losses, management considers, among other things, (i) the length of time and the extent to which the fair value has been less than cost, (ii) the financial condition and near-term prospects of the issuer, and (iii) the intent and ability to retain the investment in the issuer for a period of time sufficient to allow for any anticipated recovery in cost. The other-than-temporary impairment review for available for sale equity securities includes an analysis of the facts and circumstances of each individual investment and focuses on the severity of loss, the length of time the fair value has been below cost, the expectation for that security’s performance, the financial condition and near-term prospects of the issuer, and management’s intent and ability to hold the security to recovery. Declines in the value of available for sale equity securities that are considered to be other-than-temporary are reflected in earnings as realized losses. | |||||||||||||||||||||
There were 19 available for sale debt securities and seven held to maturity securities in an unrealized loss position at March 31, 2015. Management does not intend to sell any of these securities that have unrealized losses and believes that it is not likely that we will have to sell any such securities before a recovery of cost. The unrealized losses in all of these securities are largely due to increases in market interest rates over the yields available at the time the underlying securities were purchased and are not the result of deteriorated credit quality. The fair value is expected to recover as the bonds approach their maturity dates or repricing dates or if market yields for such investments decline. Management does not believe such securities are other-than-temporarily impaired due to reasons of credit quality. | |||||||||||||||||||||
There were three available for sale equity securities in an unrealized loss position at March 31, 2015. Although two of those three securities have been in a loss position one year or more, they remain investment grade by all rating agencies and show no indication that dividend payments or credit of the issuer are at risk. Management does not intend to sell these securities, believes that it is not likely that sales of these securities will be necessary before a recovery of cost and does not consider these securities other-than-temporarily impaired. | |||||||||||||||||||||
Investment securities with an amortized cost of $172.8 million and $170.0 million, as of March 31, 2015 and December 31, 2014, respectively, were pledged to secure public deposits and for other purposes. The Company has $30.0 million in letters of credit issued by the Federal Home Loan Bank of Atlanta, which are used in lieu of securities to pledge against public deposits. | |||||||||||||||||||||
Premier investment securities having a book value of $25.9 million were sold immediately following the acquisition to reposition the portfolio at no recorded gain or loss. No other investment securities were sold during the three months ended March 31, 2015, and no investment securities were sold during the three months ended March 31, 2014 | |||||||||||||||||||||
Loans_and_Allowance_for_Credit
Loans and Allowance for Credit Losses | 3 Months Ended | |||||||||||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||||||||||
Receivables [Abstract] | ||||||||||||||||||||||||||||||||
Loans and Allowance for Credit Losses | Note 5 — Loans and Allowance for Credit Losses | |||||||||||||||||||||||||||||||
Loans held for investment are summarized in the following table (dollars in thousands) which include $93.1 million at March 31, 2015 of PCI loans resulting from the acquisition of Security Savings on October 1, 2013, the acquisition of CapStone on April 1, 2014, and the acquisition of Premier on February 27, 2015, and $81.1 million at December 31, 2014 of PCI loans resulting from the acquisitions of Security Savings and Capstone; loans purchased with evidence of credit deterioration since origination and for which it is probable that all contractually required payments will not be collected are considered PCI loans: | ||||||||||||||||||||||||||||||||
March 31, 2015 | December 31, 2014 | |||||||||||||||||||||||||||||||
Loans – | Loans – | |||||||||||||||||||||||||||||||
Excluding | PCI | Total | Excluding | PCI | Total | |||||||||||||||||||||||||||
PCI | Loans | Loans | PCI | Loans | Loans | |||||||||||||||||||||||||||
Secured by owner-occupied nonfarm nonresidential properties | $ | 307,797 | $ | 21,075 | $ | 328,872 | $ | 292,013 | $ | 17,969 | $ | 309,982 | ||||||||||||||||||||
Secured by other nonfarm nonresidential properties | 444,759 | 18,002 | 462,761 | 411,107 | 15,768 | 426,875 | ||||||||||||||||||||||||||
Other commercial and industrial | 213,732 | 6,021 | 219,753 | 189,085 | 2,819 | 191,904 | ||||||||||||||||||||||||||
Total Commercial | 966,288 | 45,098 | 1,011,386 | 892,205 | 36,556 | 928,761 | ||||||||||||||||||||||||||
Construction loans – 1 to 4 family residential | 40,305 | 1,009 | 41,314 | 42,969 | 712 | 43,681 | ||||||||||||||||||||||||||
Other construction and land development | 144,630 | 3,848 | 148,478 | 120,612 | 3,816 | 124,428 | ||||||||||||||||||||||||||
Total Real estate – construction | 184,935 | 4,857 | 189,792 | 163,581 | 4,528 | 168,109 | ||||||||||||||||||||||||||
Closed-end loans secured by 1 to 4 family residential properties | 395,200 | 28,089 | 423,289 | 379,646 | 26,626 | 406,272 | ||||||||||||||||||||||||||
Lines of credit secured by 1 to 4 family residential properties | 228,621 | 6,324 | 234,945 | 222,329 | 6,375 | 228,704 | ||||||||||||||||||||||||||
Loans secured by 5 or more family residential properties | 47,234 | 6,752 | 53,986 | 32,611 | 4,987 | 37,598 | ||||||||||||||||||||||||||
Total Real estate – mortgage | 671,055 | 41,165 | 712,220 | 634,586 | 37,988 | 672,574 | ||||||||||||||||||||||||||
Credit cards | 7,456 | - | 7,456 | 7,656 | - | 7,656 | ||||||||||||||||||||||||||
Other revolving credit plans | 9,744 | 25 | 9,769 | 9,085 | 27 | 9,112 | ||||||||||||||||||||||||||
Other consumer loans | 6,421 | 1,930 | 8,351 | 7,414 | 1,982 | 9,396 | ||||||||||||||||||||||||||
Total Consumer | 23,621 | 1,955 | 25,576 | 24,155 | 2,009 | 26,164 | ||||||||||||||||||||||||||
All other loans | 9,058 | - | 9,058 | 8,798 | - | 8,798 | ||||||||||||||||||||||||||
Total Other | 9,058 | - | 9,058 | 8,798 | - | 8,798 | ||||||||||||||||||||||||||
Total loans held for investment | $ | 1,854,957 | $ | 93,075 | $ | 1,948,032 | $ | 1,723,325 | $ | 81,081 | $ | 1,804,406 | ||||||||||||||||||||
Unamortized deferred loan origination fees and costs were a net cost of $1.7 million at March 31, 2015 and $1.3 million at December 31, 2014. | ||||||||||||||||||||||||||||||||
Loans totaling $11.7 million and $6.2 million, as of March 31, 2015 and December 31, 2014, respectively, were held for sale, and stated at the lower of cost or market value on an individual basis. | ||||||||||||||||||||||||||||||||
As of March 31, 2015 and December 31, 2014, qualifying loans totaling approximately $641.5 million and $768.9 million, respectively, were pledged under a blanket lien to secure the lines of credit with the Federal Home Loan Bank of Atlanta and the Federal Reserve Bank of Richmond. | ||||||||||||||||||||||||||||||||
Nonperforming assets are summarized as follows (dollars in thousands): | ||||||||||||||||||||||||||||||||
March 31, | December 31, | |||||||||||||||||||||||||||||||
2015 | 2014 | |||||||||||||||||||||||||||||||
Commercial nonaccrual loans, not restructured | $ | 1,349 | $ | 1,620 | ||||||||||||||||||||||||||||
Commercial nonaccrual loans, restructured | - | - | ||||||||||||||||||||||||||||||
Non-commercial nonaccrual loans, not restructured | 2,525 | 3,471 | ||||||||||||||||||||||||||||||
Non-commercial nonaccrual loans, restructured | 63 | 5 | ||||||||||||||||||||||||||||||
Total nonaccrual loans | 3,937 | 5,096 | ||||||||||||||||||||||||||||||
Troubled debt restructured, accruing | 2,004 | 2,116 | ||||||||||||||||||||||||||||||
Total nonperforming loans | 5,941 | 7,212 | ||||||||||||||||||||||||||||||
Real estate acquired in settlement of loans | 2,484 | 3,057 | ||||||||||||||||||||||||||||||
Total nonperforming assets | $ | 8,425 | $ | 10,269 | ||||||||||||||||||||||||||||
Restructured loans, performing (1) | $ | 1,045 | $ | 1,151 | ||||||||||||||||||||||||||||
Loans past due 90 days or more and still accruing(2) | $ | 1,942 | $ | 1,534 | ||||||||||||||||||||||||||||
Nonperforming loans to loans held for investment | 0.3 | % | 0.4 | % | ||||||||||||||||||||||||||||
Nonperforming assets to total assets at end of period | 0.31 | % | 0.41 | % | ||||||||||||||||||||||||||||
Allowance for credit losses to nonperforming loans | 368.25 | % | 306.6 | % | ||||||||||||||||||||||||||||
(1) Loans restructured in a prior year without an interest rate concession or forgiveness of debt that are performing in accordance with their restructured terms. | ||||||||||||||||||||||||||||||||
(2) Loans past due 90 days or more and still accruing includes $1,934 and $1,463 of PCI loans as of March 31, 2015 and December 31, 2014, respectively. | ||||||||||||||||||||||||||||||||
Nonperforming assets include nonaccrual loans, troubled debt restructurings (“TDRs”), and real estate acquired in settlement of loans. Loans are placed on nonaccrual status when (i) management has concerns relating to the ability to collect the loan principal and interest, and (ii) generally when such loans are 90 days or more past due. No assurance can be given, however, that economic conditions will not adversely affect borrowers and result in increased credit losses. | ||||||||||||||||||||||||||||||||
Commitments to lend additional funds to borrowers whose loans have been restructured were not material at March 31, 2015. | ||||||||||||||||||||||||||||||||
The amount of real estate acquired in settlement of loans secured by one to four family residential properties was $979,000 at March 31, 2015. The amount of loans secured by one to four family residential properties in process of foreclosure at March 31, 2015, was $1.9 million. As of March 31, 2015, there had been no foreclosures on mortgage loans with a government guarantee. | ||||||||||||||||||||||||||||||||
The aging of loans is summarized in the following tables (dollars in thousands): | ||||||||||||||||||||||||||||||||
Loans – Excluding PCI | ||||||||||||||||||||||||||||||||
30-89 Days | 90+ Days | Nonaccrual | Total Past Due | Total Loans | ||||||||||||||||||||||||||||
March 31, 2015 | Past Due | Past Due | Loans | + Nonaccrual | Current | Receivable | ||||||||||||||||||||||||||
Secured by owner-occupied nonfarm nonresidential properties | $ | 362 | $ | - | $ | 717 | $ | 1,079 | $ | 306,718 | $ | 307,797 | ||||||||||||||||||||
Secured by other nonfarm nonresidential properties | 150 | - | - | 150 | 444,609 | 444,759 | ||||||||||||||||||||||||||
Other commercial and industrial | 814 | - | 632 | 1,446 | 212,286 | 213,732 | ||||||||||||||||||||||||||
Total Commercial | 1,326 | - | 1,349 | 2,675 | 963,613 | 966,288 | ||||||||||||||||||||||||||
Construction loans – 1 to 4 family residential | 164 | - | - | 164 | 40,141 | 40,305 | ||||||||||||||||||||||||||
Other construction and land development | 540 | - | 61 | 601 | 144,029 | 144,630 | ||||||||||||||||||||||||||
Total Real estate – construction | 704 | - | 61 | 765 | 184,170 | 184,935 | ||||||||||||||||||||||||||
Closed-end loans secured by 1 to 4 family residential properties | 2,489 | - | 1,356 | 3,845 | 391,355 | 395,200 | ||||||||||||||||||||||||||
Lines of credit secured by 1 to 4 family residential Properties | 1,880 | - | 1,127 | 3,007 | 225,614 | 228,621 | ||||||||||||||||||||||||||
Loans secured by 5 or more family residential properties | - | - | - | - | 47,234 | 47,234 | ||||||||||||||||||||||||||
Total Real estate – mortgage | 4,369 | - | 2,483 | 6,852 | 664,203 | 671,055 | ||||||||||||||||||||||||||
Credit cards | 66 | 8 | - | 74 | 7,382 | 7,456 | ||||||||||||||||||||||||||
Other revolving credit plans | 19 | - | - | 19 | 9,725 | 9,744 | ||||||||||||||||||||||||||
Other consumer loans | 15 | - | 44 | 59 | 6,362 | 6,421 | ||||||||||||||||||||||||||
Total Consumer | 100 | 8 | 44 | 152 | 23,469 | 23,621 | ||||||||||||||||||||||||||
All other loans | - | - | - | - | 9,058 | 9,058 | ||||||||||||||||||||||||||
Total Other | - | - | - | - | 9,058 | 9,058 | ||||||||||||||||||||||||||
Total loans | $ | 6,499 | $ | 8 | $ | 3,937 | $ | 10,444 | $ | 1,844,513 | $ | 1,854,957 | ||||||||||||||||||||
PCI Loans | ||||||||||||||||||||||||||||||||
30-89 Days | 90+ Days | Nonaccrual | Total Past Due | Total Loans | ||||||||||||||||||||||||||||
March 31, 2015 | Past Due | Past Due | Loans | + Nonaccrual | Current | Receivable | ||||||||||||||||||||||||||
Secured by owner-occupied nonfarm nonresidential properties | $ | 497 | $ | - | $ | - | $ | 497 | $ | 20,578 | $ | 21,075 | ||||||||||||||||||||
Secured by other nonfarm nonresidential properties | - | - | - | - | 18,002 | 18,002 | ||||||||||||||||||||||||||
Other commercial and industrial | - | 10 | - | 10 | 6,011 | 6,021 | ||||||||||||||||||||||||||
Total Commercial | 497 | 10 | - | 507 | 44,591 | 45,098 | ||||||||||||||||||||||||||
Construction loans – 1 to 4 family residential | - | - | - | - | 1,009 | 1,009 | ||||||||||||||||||||||||||
Other construction and land development | - | - | - | - | 3,848 | 3,848 | ||||||||||||||||||||||||||
Total Real estate – construction | - | - | - | - | 4,857 | 4,857 | ||||||||||||||||||||||||||
Closed-end loans secured by 1 to 4 family residential properties | 1,725 | 1,792 | - | 3,517 | 24,572 | 28,089 | ||||||||||||||||||||||||||
Lines of credit secured by 1 to 4 family residential | ||||||||||||||||||||||||||||||||
properties | 451 | 91 | - | 542 | 5782 | 6324 | ||||||||||||||||||||||||||
Loans secured by 5 or more family residential properties | - | - | - | - | 6,752 | 6,752 | ||||||||||||||||||||||||||
Total Real estate – mortgage | 2,176 | 1,883 | - | 4,059 | 37,106 | 41,165 | ||||||||||||||||||||||||||
Credit cards | - | - | - | - | - | - | ||||||||||||||||||||||||||
Other revolving credit plans | - | - | - | - | 25 | 25 | ||||||||||||||||||||||||||
Other consumer loans | - | 41 | - | 41 | 1,889 | 1,930 | ||||||||||||||||||||||||||
Total Consumer | - | 41 | - | 41 | 1,914 | 1,955 | ||||||||||||||||||||||||||
All other loans | - | - | - | - | - | - | ||||||||||||||||||||||||||
Total Other | - | - | - | - | - | - | ||||||||||||||||||||||||||
Total loans | $ | 2,673 | $ | 1,934 | $ | - | $ | 4,607 | $ | 88,468 | $ | 93,075 | ||||||||||||||||||||
Total Loans | ||||||||||||||||||||||||||||||||
30-89 Days | 90+ Days | Nonaccrual | Total Past Due | Total Loans | ||||||||||||||||||||||||||||
March 31, 2015 | Past Due | Past Due | Loans | + Nonaccrual | Current | Receivable | ||||||||||||||||||||||||||
Secured by owner-occupied nonfarm nonresidential properties | $ | 859 | $ | - | $ | 717 | $ | 1,576 | $ | 327,296 | $ | 328,872 | ||||||||||||||||||||
Secured by other nonfarm nonresidential properties | 150 | - | - | 150 | 462,611 | 462,761 | ||||||||||||||||||||||||||
Other commercial and industrial | 814 | 10 | 632 | 1,456 | 218,297 | 219,753 | ||||||||||||||||||||||||||
Total Commercial | 1,823 | 10 | 1,349 | 3,182 | 1,008,204 | 1,011,386 | ||||||||||||||||||||||||||
Construction loans – 1 to 4 family residential | 164 | - | - | 164 | 41,150 | 41,314 | ||||||||||||||||||||||||||
Other construction and land development | 540 | - | 61 | 601 | 147,877 | 148,478 | ||||||||||||||||||||||||||
Total Real estate – construction | 704 | - | 61 | 765 | 189,027 | 189,792 | ||||||||||||||||||||||||||
Closed-end loans secured by 1 to 4 family residential properties | 4,214 | 1,792 | 1,356 | 7,362 | 415,927 | 423,289 | ||||||||||||||||||||||||||
Lines of credit secured by 1 to 4 family residential properties | 2,331 | 91 | 1,127 | 3,549 | 231,396 | 234,945 | ||||||||||||||||||||||||||
Loans secured by 5 or more family residential properties | - | - | - | - | 53,986 | 53,986 | ||||||||||||||||||||||||||
Total Real estate – mortgage | 6,545 | 1,883 | 2,483 | 10,911 | 701,309 | 712,220 | ||||||||||||||||||||||||||
Credit cards | 66 | 8 | - | 74 | 7,382 | 7,456 | ||||||||||||||||||||||||||
Other revolving credit plans | 19 | - | - | 19 | 9,750 | 9,769 | ||||||||||||||||||||||||||
Other consumer loans | 15 | 41 | 44 | 100 | 8,251 | 8,351 | ||||||||||||||||||||||||||
Total Consumer | 100 | 49 | 44 | 193 | 25,383 | 25,576 | ||||||||||||||||||||||||||
All other loans | - | - | - | - | 9,058 | 9,058 | ||||||||||||||||||||||||||
Total Other | - | - | - | - | 9,058 | 9,058 | ||||||||||||||||||||||||||
Total loans | $ | 9,172 | $ | 1,942 | $ | 3,937 | $ | 15,051 | $ | 1,932,981 | $ | 1,948,032 | ||||||||||||||||||||
Loans – Excluding PCI | ||||||||||||||||||||||||||||||||
30-89 Days | 90+ Days | Nonaccrual | Total Past Due | Total Loans | ||||||||||||||||||||||||||||
December 31, 2014 | Past Due | Past Due | Loans | + Nonaccrual | Current | Receivable | ||||||||||||||||||||||||||
Secured by owner-occupied nonfarm nonresidential properties | $ | 1,366 | $ | - | $ | 1,353 | $ | 2,719 | $ | 289,294 | $ | 292,013 | ||||||||||||||||||||
Secured by other nonfarm nonresidential properties | - | - | 237 | 237 | 410,870 | 411,107 | ||||||||||||||||||||||||||
Other commercial and industrial | 1,451 | - | 30 | 1,481 | 187,604 | 189,085 | ||||||||||||||||||||||||||
Total Commercial | 2,817 | - | 1,620 | 4,437 | 887,768 | 892,205 | ||||||||||||||||||||||||||
Construction loans – 1 to 4 family residential | - | - | - | - | 42,969 | 42,969 | ||||||||||||||||||||||||||
Other construction and land development | 66 | - | 159 | 225 | 120,387 | 120,612 | ||||||||||||||||||||||||||
Total Real estate – construction | 66 | - | 159 | 225 | 163,356 | 163,581 | ||||||||||||||||||||||||||
Closed-end loans secured by 1 to 4 family residential properties | 3,529 | 35 | 1,871 | 5,435 | 374,211 | 379,646 | ||||||||||||||||||||||||||
Lines of credit secured by 1 to 4 family residential properties | 2,578 | - | 1,301 | 3,879 | 218,450 | 222,329 | ||||||||||||||||||||||||||
Loans secured by 5 or more family residential properties | - | - | - | - | 32,611 | 32,611 | ||||||||||||||||||||||||||
Total Real estate – mortgage | 6,107 | 35 | 3,172 | 9,314 | 625,272 | 634,586 | ||||||||||||||||||||||||||
Credit cards | 93 | 35 | - | 128 | 7,528 | 7,656 | ||||||||||||||||||||||||||
Other revolving credit plans | 121 | 1 | 102 | 224 | 8,861 | 9,085 | ||||||||||||||||||||||||||
Other consumer loans | 131 | - | 43 | 174 | 7,240 | 7,414 | ||||||||||||||||||||||||||
Total Consumer | 345 | 36 | 145 | 526 | 23,629 | 24,155 | ||||||||||||||||||||||||||
All other loans | - | - | - | - | 8,798 | 8,798 | ||||||||||||||||||||||||||
Total Other | - | - | - | - | 8,798 | 8,798 | ||||||||||||||||||||||||||
Total loans | $ | 9,335 | $ | 71 | $ | 5,096 | $ | 14,502 | $ | 1,708,823 | $ | 1,723,325 | ||||||||||||||||||||
PCI Loans | ||||||||||||||||||||||||||||||||
30-89 Days | 90+ Days | Nonaccrual | Total Past Due | Total Loans | ||||||||||||||||||||||||||||
December 31, 2014 | Past Due | Past Due | Loans | + Nonaccrual | Current | Receivable | ||||||||||||||||||||||||||
Secured by owner-occupied nonfarm nonresidential properties | $ | 285 | $ | - | $ | - | $ | 285 | $ | 17,684 | $ | 17,969 | ||||||||||||||||||||
Secured by other nonfarm nonresidential properties | - | - | - | - | 15,768 | 15,768 | ||||||||||||||||||||||||||
Other commercial and industrial | - | 13 | - | 13 | 2,806 | 2,819 | ||||||||||||||||||||||||||
Total Commercial | 285 | 13 | - | 298 | 36,258 | 36,556 | ||||||||||||||||||||||||||
Construction loans – 1 to 4 family residential | - | - | - | - | 712 | 712 | ||||||||||||||||||||||||||
Other construction and land development | - | - | - | - | 3,816 | 3,816 | ||||||||||||||||||||||||||
Total Real estate – construction | - | - | - | - | 4,528 | 4,528 | ||||||||||||||||||||||||||
Closed-end loans secured by 1 to 4 family residential properties | 2,394 | 1,396 | - | 3,790 | 22,836 | 26,626 | ||||||||||||||||||||||||||
Lines of credit secured by 1 to 4 family residential properties | 380 | 33 | - | 413 | 5,962 | 6,375 | ||||||||||||||||||||||||||
Loans secured by 5 or more family residential properties | - | - | - | - | 4,987 | 4,987 | ||||||||||||||||||||||||||
Total Real estate – mortgage | 2,774 | 1,429 | - | 4,203 | 33,785 | 37,988 | ||||||||||||||||||||||||||
Credit cards | - | - | - | - | - | - | ||||||||||||||||||||||||||
Other revolving credit plans | - | - | - | - | 27 | 27 | ||||||||||||||||||||||||||
Other consumer loans | 46 | 21 | - | 67 | 1,915 | 1,982 | ||||||||||||||||||||||||||
Total Consumer | 46 | 21 | - | 67 | 1,942 | 2,009 | ||||||||||||||||||||||||||
All other loans | - | - | - | - | - | - | ||||||||||||||||||||||||||
Total Other | - | - | - | - | - | - | ||||||||||||||||||||||||||
Total loans | $ | 3,105 | $ | 1,463 | $ | - | $ | 4,568 | $ | 76,513 | $ | 81,081 | ||||||||||||||||||||
Total Loans | ||||||||||||||||||||||||||||||||
30-89 Days | 90+ Days | Nonaccrual | Total Past Due | Total Loans | ||||||||||||||||||||||||||||
December 31, 2014 | Past Due | Past Due | Loans | + Nonaccrual | Current | Receivable | ||||||||||||||||||||||||||
Secured by owner-occupied nonfarm nonresidential properties | $ | 1,651 | $ | - | $ | 1,353 | $ | 3,004 | $ | 306,978 | $ | 309,982 | ||||||||||||||||||||
Secured by other nonfarm nonresidential properties | - | - | 237 | 237 | 426,638 | 426,875 | ||||||||||||||||||||||||||
Other commercial and industrial | 1,451 | 13 | 30 | 1,494 | 190,410 | 191,904 | ||||||||||||||||||||||||||
Total Commercial | 3,102 | 13 | 1,620 | 4,735 | 924,026 | 928,761 | ||||||||||||||||||||||||||
Construction loans – 1 to 4 family residential | - | - | - | - | 43,681 | 43,681 | ||||||||||||||||||||||||||
Other construction and land development | 66 | - | 159 | 225 | 124,203 | 124,428 | ||||||||||||||||||||||||||
Total Real estate – construction | 66 | - | 159 | 225 | 167,884 | 168,109 | ||||||||||||||||||||||||||
Closed-end loans secured by 1 to 4 family residential properties | 5,923 | 1,431 | 1,871 | 9,225 | 397,047 | 406,272 | ||||||||||||||||||||||||||
Lines of credit secured by 1 to 4 family residential properties | 2,958 | 33 | 1,301 | 4,292 | 224,412 | 228,704 | ||||||||||||||||||||||||||
Loans secured by 5 or more family residential properties | - | - | - | - | 37,598 | 37,598 | ||||||||||||||||||||||||||
Total Real estate – mortgage | 8,881 | 1,464 | 3,172 | 13,517 | 659,057 | 672,574 | ||||||||||||||||||||||||||
Credit cards | 93 | 35 | - | 128 | 7,528 | 7,656 | ||||||||||||||||||||||||||
Other revolving credit plans | 121 | 1 | 102 | 224 | 8,888 | 9,112 | ||||||||||||||||||||||||||
Other consumer loans | 177 | 21 | 43 | 241 | 9,155 | 9,396 | ||||||||||||||||||||||||||
Total Consumer | 391 | 57 | 145 | 593 | 25,571 | 26,164 | ||||||||||||||||||||||||||
All other loans | - | - | - | - | 8,798 | 8,798 | ||||||||||||||||||||||||||
Total Other | - | - | - | - | 8,798 | 8,798 | ||||||||||||||||||||||||||
Total loans | $ | 12,440 | $ | 1,534 | $ | 5,096 | $ | 19,070 | $ | 1,785,336 | $ | 1,804,406 | ||||||||||||||||||||
At March 31, 2015 and December 31, 2014 there were $3.1 million and $3.3 million, respectively, of loans classified as TDRs. A restructured loan is classified as a TDR if the creditor grants a concession to the borrower for economic or legal reasons related to the borrower’s financial difficulties that it would not otherwise consider. The Company monitors the performance of restructured loans on an ongoing basis. For loans classified as TDRs, the Company further evaluates the loans as performing or nonperforming. Loans retain their accrual status at the time of their restructuring. As a result, if a loan is on nonaccrual at the time it is restructured, it stays as nonaccrual; and if a loan is on accrual at the time of the restructuring, it generally stays on accrual. A restructured loan will be reclassified to nonaccrual if the loan becomes 90 days delinquent or other weaknesses are observed which make collection of principal and interest unlikely. Nonperforming TDRs originally classified as nonaccrual may be reclassified as accruing if, subsequent to restructuring, they experience six consecutive months of payment performance according to the restructured terms. Further, a TDR may be considered performing and subsequently removed from nonperforming status in years subsequent to the restructuring if it meets the following criteria: | ||||||||||||||||||||||||||||||||
⋅ | At the time of restructuring, the loan was made at a market rate of interest for comparable risk; | |||||||||||||||||||||||||||||||
⋅ | The loan has shown at least six consecutive months of payment performance in accordance with the restructured terms; and | |||||||||||||||||||||||||||||||
⋅ | The loan has been included in the TDR disclosures for at least one Annual Report on Form 10-K | |||||||||||||||||||||||||||||||
Restructurings of loans and their classification as TDRs are based on individual facts and circumstances. Loan restructurings that are classified as TDRs may involve an increase or reduction of the interest rate, extension of the term of the loan, or deferral or forgiveness of principal or interest payments, which the Company considers are concessions. All loans classified as TDRs were restructured due to financial difficulties experienced by the borrower. The Company had $1.0 million and $1.2 million of performing TDRs at March 31, 2015 and December 31, 2014, respectively, which were restructured in a prior year without an interest rate concession and were performing in accordance with their restructured terms. | ||||||||||||||||||||||||||||||||
The following table provides information about TDRs restructured during the current and prior year period (dollars in thousands): | ||||||||||||||||||||||||||||||||
Restructurings During the Three Months Ended | Restructurings During the Three Months Ended | |||||||||||||||||||||||||||||||
March 31, 2015 | March 31, 2014 | |||||||||||||||||||||||||||||||
Number | Pre- | Post- | Number | Pre- | Post- | |||||||||||||||||||||||||||
of | Restructuring | Restructuring | of | Restructuring | Restructuring | |||||||||||||||||||||||||||
Contracts | Outstanding | Outstanding | Contracts | Outstanding | Outstanding | |||||||||||||||||||||||||||
Recorded | Recorded | Recorded | Recorded | |||||||||||||||||||||||||||||
Investment | Investment | Investment | Investment | |||||||||||||||||||||||||||||
TDRs: | ||||||||||||||||||||||||||||||||
Real estate – mortgage | - | $ | - | $ | - | 2 | $ | 51 | $ | 51 | ||||||||||||||||||||||
Total | - | $ | - | $ | - | 2 | $ | 51 | $ | 51 | ||||||||||||||||||||||
There were no restructurings in the first quarter of 2015. The restructurings in the first quarter of 2014 involved deferral of interest payments. | ||||||||||||||||||||||||||||||||
A TDR is considered to be in default if it is 90 days or more past due at the end of any month during the reporting period. | ||||||||||||||||||||||||||||||||
No TDRs were restructured in the prior 12 months that subsequently defaulted during the three months ended March 31, 2015 or the three months ended March 31, 2014. | ||||||||||||||||||||||||||||||||
Interest is not typically accrued on nonperforming loans, as they are normally in nonaccrual status. However, interest may be accrued in certain circumstances on nonperforming TDRs, such as those that have an interest rate concession but are otherwise performing. Interest income on performing or nonperforming accruing TDRs is recognized consistent with any other accruing loan. Interest on loans is accrued and credited to income based on the principal amount outstanding. The accrual of interest on a loan is discontinued when, in management’s opinion, the borrower is not likely to meet payments as they become due. When interest accrual is discontinued, all unpaid accrued interest is reversed. Loans are placed on nonaccrual status when (i) management has concerns relating to the ability to collect the loan principal and interest, and (ii) generally when loans are 90 days or more past due. Interest income is subsequently recognized on a cash basis only to the extent payments are received and only if the loan is well secured. Commercial loans may be returned to accrual status when all principal and interest amounts contractually due are reasonably assured of repayment within an acceptable period of time and there is a sustained period of repayment performance (generally a minimum of six months) of interest and principal by the borrower in accordance with the contractual terms. Residential mortgage and consumer loans are typically returned to accrual status once they are no longer past due. There were $2.0 million in TDRs at March 31, 2015 and $2.2 million in TDRs at March 31, 2014 that were considered nonperforming and were accruing interest. The following table shows interest income recognized and received on these TDRs for the three months ended March 31, 2015 and 2014 (dollars in thousands): | ||||||||||||||||||||||||||||||||
Three Months Ended | Three Months Ended | |||||||||||||||||||||||||||||||
March 31, 2015 | March 31, 2014 | |||||||||||||||||||||||||||||||
Recognized | Received | Recognized | Received | |||||||||||||||||||||||||||||
Interest Income: | ||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | - | $ | 3 | $ | 3 | ||||||||||||||||||||||||
Real estate – construction | - | - | 2 | 2 | ||||||||||||||||||||||||||||
Real estate – mortgage | 20 | 21 | 16 | 16 | ||||||||||||||||||||||||||||
Total | $ | 20 | $ | 21 | $ | 21 | $ | 21 | ||||||||||||||||||||||||
The Company’s policy for impaired loan accounting subjects all loans to impairment recognition; however, loans with total credit exposure of less than $500,000 are generally not evaluated on an individual basis for levels of impairment. The Company generally considers loans 90 days or more past due, all nonaccrual loans and all TDRs to be impaired. All TDRs are evaluated on an individual basis for levels of impairment. | ||||||||||||||||||||||||||||||||
Loans specifically identified and evaluated for levels of impairment totaled $3.7 million and $4.2 million at March 31, 2015 and December 31, 2014, respectively, as detailed in the following tables (dollars in thousands). | ||||||||||||||||||||||||||||||||
Impaired Loans | ||||||||||||||||||||||||||||||||
Unpaid | Average | Interest | ||||||||||||||||||||||||||||||
Recorded | Principal | Specific | Recorded | Income | ||||||||||||||||||||||||||||
Balance | Balance | Allowance | Investment | Recognized | ||||||||||||||||||||||||||||
At March 31, 2015 | ||||||||||||||||||||||||||||||||
Loans without a specific valuation allowance | ||||||||||||||||||||||||||||||||
Commercial | $ | 329 | $ | 329 | $ | - | $ | 331 | $ | 3 | ||||||||||||||||||||||
Real estate – construction | 446 | 446 | - | 463 | 8 | |||||||||||||||||||||||||||
Real estate – mortgage | 352 | 372 | - | 431 | 6 | |||||||||||||||||||||||||||
Consumer | 5 | 6 | - | 5 | - | |||||||||||||||||||||||||||
Total | 1,132 | 1,153 | - | 1,230 | 17 | |||||||||||||||||||||||||||
Loans with a specific valuation allowance | ||||||||||||||||||||||||||||||||
Commercial | 552 | 659 | 165 | 551 | 3 | |||||||||||||||||||||||||||
Real estate – construction | 145 | 145 | 51 | 184 | 3 | |||||||||||||||||||||||||||
Real estate – mortgage | 1,862 | 1,862 | 257 | 1,874 | 17 | |||||||||||||||||||||||||||
Consumer | 10 | 10 | 1 | 11 | - | |||||||||||||||||||||||||||
Total | 2,569 | 2,676 | 474 | 2,620 | 23 | |||||||||||||||||||||||||||
Total impaired loans | ||||||||||||||||||||||||||||||||
Commercial | 881 | 988 | 165 | 882 | 6 | |||||||||||||||||||||||||||
Real estate – construction | 591 | 591 | 51 | 647 | 11 | |||||||||||||||||||||||||||
Real estate – mortgage | 2,214 | 2,234 | 257 | 2,305 | 23 | |||||||||||||||||||||||||||
Consumer | 15 | 16 | 1 | 16 | - | |||||||||||||||||||||||||||
Total | $ | 3,701 | $ | 3,829 | $ | 474 | $ | 3,850 | $ | 40 | ||||||||||||||||||||||
Impaired Loans | ||||||||||||||||||||||||||||||||
Unpaid | Average | Interest | ||||||||||||||||||||||||||||||
Recorded | Principal | Specific | Recorded | Income | ||||||||||||||||||||||||||||
Balance | Balance | Allowance | Investment | Recognized | ||||||||||||||||||||||||||||
At December 31, 2014 | ||||||||||||||||||||||||||||||||
Loans without a specific valuation allowance | ||||||||||||||||||||||||||||||||
Commercial | $ | 283 | $ | 283 | $ | - | $ | 342 | $ | 22 | ||||||||||||||||||||||
Real estate – construction | 453 | 453 | - | 480 | 32 | |||||||||||||||||||||||||||
Real estate – mortgage | 361 | 381 | - | 454 | 36 | |||||||||||||||||||||||||||
Consumer | 17 | 17 | - | 18 | 1 | |||||||||||||||||||||||||||
Total | 1,114 | 1,134 | - | 1,294 | 91 | |||||||||||||||||||||||||||
Loans with a specific valuation allowance | ||||||||||||||||||||||||||||||||
Commercial | 1,087 | 1,194 | 588 | 1,409 | 78 | |||||||||||||||||||||||||||
Real estate – construction | 148 | 148 | 53 | 186 | 11 | |||||||||||||||||||||||||||
Real estate – mortgage | 1,878 | 1,878 | 264 | 1,913 | 71 | |||||||||||||||||||||||||||
Consumer | - | - | - | - | - | |||||||||||||||||||||||||||
Total | 3,113 | 3,220 | 905 | 3,508 | 160 | |||||||||||||||||||||||||||
Total impaired loans | ||||||||||||||||||||||||||||||||
Commercial | 1,370 | 1,477 | 588 | 1,751 | 100 | |||||||||||||||||||||||||||
Real estate – construction | 601 | 601 | 53 | 666 | 43 | |||||||||||||||||||||||||||
Real estate – mortgage | 2,239 | 2,259 | 264 | 2,367 | 107 | |||||||||||||||||||||||||||
Consumer | 17 | 17 | - | 18 | 1 | |||||||||||||||||||||||||||
Total | $ | 4,227 | $ | 4,354 | $ | 905 | $ | 4,802 | $ | 251 | ||||||||||||||||||||||
The balance in the allowance for credit losses and the recorded investment in loans by portfolio segment and based on the reserving method for the quarter ended March 31, 2015, the year ended December 31, 2014 and the quarter ended March 31, 2014 were as follows: | ||||||||||||||||||||||||||||||||
Real Estate - | Real Estate - | Total | ||||||||||||||||||||||||||||||
Allowance for credit losses: | Commercial | Construction | Mortgage | Consumer | Other | Allowance | ||||||||||||||||||||||||||
31-Mar-15 | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 165 | $ | 51 | $ | 257 | $ | 1 | $ | - | $ | 474 | ||||||||||||||||||||
Collectively evaluated for impairment | 10,309 | 1,954 | 8,614 | 381 | 102 | 21,360 | ||||||||||||||||||||||||||
PCI | - | - | 41 | 3 | - | 44 | ||||||||||||||||||||||||||
Total ending allowance | $ | 10,474 | $ | 2,005 | $ | 8,912 | $ | 385 | $ | 102 | $ | 21,878 | ||||||||||||||||||||
Allowance for credit losses as a percentage of recorded investment | 1.04 | % | 1.06 | % | 1.25 | % | 1.51 | % | 1.13 | % | 1.12 | % | ||||||||||||||||||||
31-Dec-14 | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 588 | $ | 53 | $ | 264 | $ | - | $ | - | $ | 905 | ||||||||||||||||||||
Collectively evaluated for impairment | 10,567 | 1,931 | 8,195 | 421 | 93 | 21,207 | ||||||||||||||||||||||||||
PCI | - | - | - | - | - | - | ||||||||||||||||||||||||||
Total ending allowance | $ | 11,155 | $ | 1,984 | $ | 8,459 | $ | 421 | $ | 93 | $ | 22,112 | ||||||||||||||||||||
Allowance for credit losses as a percentage of recorded investment | 1.2 | % | 1.18 | % | 1.26 | % | 1.61 | % | 1.06 | % | 1.23 | % | ||||||||||||||||||||
31-Mar-14 | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 280 | $ | 8 | $ | 1,031 | $ | - | $ | - | $ | 1,319 | ||||||||||||||||||||
Collectively evaluated for impairment | 11,067 | 1,845 | 9,652 | 462 | 90 | 23,116 | ||||||||||||||||||||||||||
PCI | - | - | - | - | - | - | ||||||||||||||||||||||||||
Total ending allowance | $ | 11,347 | $ | 1,853 | $ | 10,683 | $ | 462 | $ | 90 | $ | 24,435 | ||||||||||||||||||||
Allowance for credit losses as a percentage of recorded investment | 1.66 | % | 1.6 | % | 1.75 | % | 1.84 | % | 1.13 | % | 1.69 | % | ||||||||||||||||||||
Real Estate - | Real Estate - | Total | ||||||||||||||||||||||||||||||
Recorded investment in loans: | Commercial | Construction | Mortgage | Consumer | Other | Loans | ||||||||||||||||||||||||||
31-Mar-15 | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 881 | $ | 591 | $ | 2,214 | $ | 15 | $ | - | $ | 3,701 | ||||||||||||||||||||
Collectively evaluated for impairment | 965,407 | 184,344 | 668,841 | 23,606 | 9,058 | 1,851,256 | ||||||||||||||||||||||||||
PCI | 45,098 | 4,857 | 41,165 | 1,955 | - | 93,075 | ||||||||||||||||||||||||||
Total recorded investment in loans | $ | 1,011,386 | $ | 189,792 | $ | 712,220 | $ | 25,576 | $ | 9,058 | $ | 1,948,032 | ||||||||||||||||||||
31-Dec-14 | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,370 | $ | 601 | $ | 2,239 | $ | 17 | $ | - | $ | 4,227 | ||||||||||||||||||||
Collectively evaluated for impairment | 890,835 | 162,980 | 632,347 | 24,138 | 8,798 | 1,719,098 | ||||||||||||||||||||||||||
PCI | 36,556 | 4,528 | 37,988 | 2,009 | - | 81,081 | ||||||||||||||||||||||||||
Total recorded investment in loans | $ | 928,761 | $ | 168,109 | $ | 672,574 | $ | 26,164 | $ | 8,798 | $ | 1,804,406 | ||||||||||||||||||||
31-Mar-14 | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,244 | $ | 625 | $ | 5,085 | $ | - | $ | - | $ | 8,954 | ||||||||||||||||||||
Collectively evaluated for impairment | 664,699 | 111,226 | 575,485 | 22,918 | 7,991 | 1,382,319 | ||||||||||||||||||||||||||
PCI | 16,700 | 3,897 | 29,795 | 2,176 | - | 52,568 | ||||||||||||||||||||||||||
Total recorded investment in loans | $ | 684,643 | $ | 115,748 | $ | 610,365 | $ | 25,094 | $ | 7,991 | $ | 1,443,841 | ||||||||||||||||||||
The allowance for credit losses as a percentage of the recorded investment in loans shown in the table above reflects the improvement in asset quality in the past year. There is a greater proportion of low risk, high quality loans in the loan portfolio at March 31, 2015 compared to March 31, 2014. As a result, the allowance for credit losses as a percentage of the total recorded investment in loans at March 31, 2015 is significantly lower than at March 31, 2014. Also impacting the allowance for credit losses as a percentage of the total recorded investment in loans is the acquired non-PCI portfolio, which was recorded at fair value on the acquisition date and had an immaterial amount of allowance for credit losses as of March 31, 2015. | ||||||||||||||||||||||||||||||||
The following table summarizes, by internally assigned risk grade, the risk grade for loans for which the Company has assigned a risk grade (dollars in thousands). | ||||||||||||||||||||||||||||||||
March 31, | December 31, | |||||||||||||||||||||||||||||||
2015 | 2014 | |||||||||||||||||||||||||||||||
Special | Sub- | Special | Sub- | |||||||||||||||||||||||||||||
Loans – excluding PCI | Pass | Mention | standard | Doubtful | Total | Pass | Mention | standard | Doubtful | Total | ||||||||||||||||||||||
Commercial | $ | 927,763 | $ | 26,261 | $ | 10,640 | $ | 33 | $ | 964,697 | $ | 858,218 | $ | 18,578 | $ | 12,717 | $ | 969 | $ | 890,482 | ||||||||||||
Real estate – construction | 169,432 | 948 | 88 | 58 | 170,526 | 148,226 | 1,144 | 88 | 60 | 149,518 | ||||||||||||||||||||||
Real estate – mortgage | 123,568 | 4,321 | 1,517 | - | 129,406 | 99,200 | 4,794 | 1,987 | - | 105,981 | ||||||||||||||||||||||
Consumer | 430 | - | - | - | 430 | 928 | - | - | - | 928 | ||||||||||||||||||||||
Other | 8,182 | 877 | - | - | 9,059 | 7,646 | 1,152 | - | - | 8,798 | ||||||||||||||||||||||
Total | $ | 1,229,375 | $ | 32,407 | $ | 12,245 | $ | 91 | $ | 1,274,118 | $ | 1,114,218 | $ | 25,668 | $ | 14,792 | $ | 1, 029 | $ | 1,155,707 | ||||||||||||
March 31, | December 31, | |||||||||||||||||||||||||||||||
2015 | 2014 | |||||||||||||||||||||||||||||||
Special | Sub- | Special | Sub- | |||||||||||||||||||||||||||||
PCI loans | Pass(1) | Mention | standard | Doubtful | Total | Pass | Mention | standard | Doubtful | Total | ||||||||||||||||||||||
Commercial | $ | 32,541 | $ | 8,637 | $ | 3,765 | $ | - | $ | 44,943 | $ | 27,766 | $ | 5,345 | $ | 3,205 | $ | - | $ | 36,316 | ||||||||||||
Real estate – construction | 2,959 | 1,419 | 335 | - | 4,713 | 2,838 | 1,248 | 339 | - | 4,425 | ||||||||||||||||||||||
Real estate – mortgage | 14,563 | 4,313 | 1,482 | - | 20,358 | 11,246 | 3,811 | 1,627 | - | 16,684 | ||||||||||||||||||||||
Consumer | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
Other | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
Total | $ | 50,063 | $ | 14,369 | $ | 5,582 | $ | - | $ | 70,014 | $ | 41,850 | $ | 10,404 | $ | 5,171 | $ | - | $ | 57,425 | ||||||||||||
March 31, | December 31, | |||||||||||||||||||||||||||||||
2015 | 2014 | |||||||||||||||||||||||||||||||
Special | Sub- | Special | Sub- | |||||||||||||||||||||||||||||
Total loans | Pass | Mention | standard | Doubtful | Total | Pass | Mention | standard | Doubtful | Total | ||||||||||||||||||||||
Commercial | $ | 960,304 | $ | 34,898 | $ | 14,405 | $ | 33 | $ | 1,009,640 | $ | 885,984 | $ | 23,923 | $ | 15,922 | $ | 969 | $ | 926,798 | ||||||||||||
Real estate – construction | 172,391 | 2,367 | 423 | 58 | 175,239 | 151,064 | 2,392 | 427 | 60 | 153,943 | ||||||||||||||||||||||
Real estate – mortgage | 138,131 | 8,634 | 2,999 | - | 149,764 | 110,446 | 8,605 | 3,614 | - | 122,665 | ||||||||||||||||||||||
Consumer | 430 | - | - | - | 430 | 928 | - | - | - | 928 | ||||||||||||||||||||||
Other | 8,182 | 877 | - | - | 9,059 | 7,646 | 1,152 | - | - | 8,798 | ||||||||||||||||||||||
Total | $ | 1,279,438 | $ | 46,776 | $ | 17,827 | $ | 91 | $ | 1,344,132 | $ | 1,156,068 | $ | 36,072 | $ | 19,963 | $ | 1,029 | $ | 1,213,132 | ||||||||||||
(1) PCI loans in the Pass category are in the pre-watch risk grade, which is the lowest risk grade in the Pass category. | ||||||||||||||||||||||||||||||||
An analysis of the changes in the allowance for credit losses follows (dollars in thousands): | ||||||||||||||||||||||||||||||||
Beginning | Charge | Ending | ||||||||||||||||||||||||||||||
Balance | Offs | Recoveries | Provision | Balance | ||||||||||||||||||||||||||||
31-Mar-15 | ||||||||||||||||||||||||||||||||
Loans – excluding PCI | ||||||||||||||||||||||||||||||||
Commercial | $ | 11,155 | $ | 636 | $ | 260 | $ | -305 | $ | 10,474 | ||||||||||||||||||||||
Real estate – construction | 1,984 | 3 | 300 | -276 | 2,005 | |||||||||||||||||||||||||||
Real estate – mortgage | 8,459 | 407 | 145 | 674 | 8,871 | |||||||||||||||||||||||||||
Consumer | 421 | 138 | 138 | -39 | 382 | |||||||||||||||||||||||||||
Other | 93 | - | 4 | 5 | 102 | |||||||||||||||||||||||||||
Total | $ | 22,112 | $ | 1,184 | $ | 847 | $ | 59 | $ | 21,834 | ||||||||||||||||||||||
PCI loans | ||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||
Real estate – construction | - | - | - | - | - | |||||||||||||||||||||||||||
Real estate – mortgage | - | - | - | 41 | 41 | |||||||||||||||||||||||||||
Consumer | - | 1 | - | 4 | 3 | |||||||||||||||||||||||||||
Other | - | - | - | - | - | |||||||||||||||||||||||||||
Total | $ | - | $ | 1 | $ | - | $ | 45 | $ | 44 | ||||||||||||||||||||||
Total loans | ||||||||||||||||||||||||||||||||
Commercial | $ | 11,155 | $ | 636 | $ | 260 | $ | -305 | $ | 10,474 | ||||||||||||||||||||||
Real estate – construction | 1,984 | 3 | 300 | -276 | 2,005 | |||||||||||||||||||||||||||
Real estate – mortgage | 8,459 | 407 | 145 | 715 | 8,912 | |||||||||||||||||||||||||||
Consumer | 421 | 139 | 138 | -35 | 385 | |||||||||||||||||||||||||||
Other | 93 | - | 4 | 5 | 102 | |||||||||||||||||||||||||||
Total | $ | 22,112 | $ | 1,185 | $ | 847 | $ | 104 | $ | 21,878 | ||||||||||||||||||||||
31-Mar-14 | ||||||||||||||||||||||||||||||||
Loans – excluding PCI | ||||||||||||||||||||||||||||||||
Commercial | $ | 11,480 | $ | 133 | $ | 373 | $ | -373 | $ | 11,347 | ||||||||||||||||||||||
Real estate – construction | 2,027 | 4 | 70 | -240 | 1,853 | |||||||||||||||||||||||||||
Real estate – mortgage | 10,479 | 523 | 197 | 530 | 10,683 | |||||||||||||||||||||||||||
Consumer | 469 | 224 | 56 | 161 | 462 | |||||||||||||||||||||||||||
Other | 95 | - | 3 | -8 | 90 | |||||||||||||||||||||||||||
Total | $ | 24,550 | $ | 884 | $ | 699 | $ | 70 | $ | 24,435 | ||||||||||||||||||||||
PCI loans | ||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | 52 | $ | - | $ | 52 | $ | - | ||||||||||||||||||||||
Real estate – construction | - | - | - | - | - | |||||||||||||||||||||||||||
Real estate – mortgage | - | 22 | - | 22 | - | |||||||||||||||||||||||||||
Consumer | - | - | - | - | - | |||||||||||||||||||||||||||
Other | - | - | - | - | - | |||||||||||||||||||||||||||
Total | $ | - | $ | 74 | $ | - | $ | 74 | $ | - | ||||||||||||||||||||||
Total loans | ||||||||||||||||||||||||||||||||
Commercial | $ | 11,480 | $ | 185 | $ | 373 | $ | -321 | $ | 11,347 | ||||||||||||||||||||||
Real estate – construction | 2,027 | 4 | 70 | -240 | 1,853 | |||||||||||||||||||||||||||
Real estate – mortgage | 10,479 | 545 | 197 | 552 | 10,683 | |||||||||||||||||||||||||||
Consumer | 469 | 224 | 56 | 161 | 462 | |||||||||||||||||||||||||||
Other | 95 | - | 3 | -8 | 90 | |||||||||||||||||||||||||||
Total | $ | 24,550 | $ | 958 | $ | 699 | $ | 144 | $ | 24,435 | ||||||||||||||||||||||
Determining the fair value of PCI loans at acquisition required the Company to estimate cash flows expected to result from those loans and to discount those cash flows at appropriate rates of interest. For such loans, the excess of cash flows expected to be collected at acquisition over the estimated fair value is recognized as interest income over the remaining lives of the loans and is called the accretable yield. The difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition reflects the impact of estimated credit losses and is called the nonaccretable difference. In accordance with GAAP, there was no carry-over of previously established allowance for credit losses from the acquired companies. | ||||||||||||||||||||||||||||||||
In conjunction with the acquisition of Premier on February 27, 2015, the PCI loan portfolio was accounted for at fair value as follows (dollars in thousands): | ||||||||||||||||||||||||||||||||
February 27, 2015 | ||||||||||||||||||||||||||||||||
Contractual principal and interest at acquisition | $ | 19,999 | ||||||||||||||||||||||||||||||
Nonaccretable difference | -821 | |||||||||||||||||||||||||||||||
Expected cash flows at acquisition | 19,178 | |||||||||||||||||||||||||||||||
Accretable yield | -3,040 | |||||||||||||||||||||||||||||||
Basis in PCI loans at acquisition – estimated fair value | $ | 16,138 | ||||||||||||||||||||||||||||||
A summary of changes in the recorded investment of PCI loans for the three months ended March 31, 2015 and 2014 follows (dollars in thousands): | ||||||||||||||||||||||||||||||||
2015 | 2014 | |||||||||||||||||||||||||||||||
Recorded investment, beginning of period | $ | 81,081 | $ | 56,015 | ||||||||||||||||||||||||||||
Fair value of loans acquired during the period | 16,138 | - | ||||||||||||||||||||||||||||||
Accretion | 1,186 | 627 | ||||||||||||||||||||||||||||||
Reductions for payments, sales and foreclosures | -5,330 | -4,074 | ||||||||||||||||||||||||||||||
Recorded investment, end of period | $ | 93,075 | $ | 52,568 | ||||||||||||||||||||||||||||
Outstanding principal balance, end of period | $ | 101,541 | $ | 59,071 | ||||||||||||||||||||||||||||
A summary of changes in the accretable yield for PCI loans for the three months ended March 31, 2015 and 2014 follows (dollars in thousands): | ||||||||||||||||||||||||||||||||
2015 | 2014 | |||||||||||||||||||||||||||||||
Accretable yield, beginning of period | $ | 22,447 | $ | 14,462 | ||||||||||||||||||||||||||||
Addition from acquisition | 3,040 | - | ||||||||||||||||||||||||||||||
Accretion | -1,186 | -627 | ||||||||||||||||||||||||||||||
Reclassification from nonaccretable difference | 1,050 | 103 | ||||||||||||||||||||||||||||||
Other changes, net | -1,466 | -465 | ||||||||||||||||||||||||||||||
Accretable yield, end of period | $ | 23,885 | $ | 13,473 | ||||||||||||||||||||||||||||
Deferred_Tax_Assets
Deferred Tax Assets | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Deferred Tax Assets, Net [Abstract] | ||||||||
Deferred Tax Assets | Note 6 — Deferred Tax Assets | |||||||
Accounting Standards Codification Topic 740 requires that in considering the realizability of its deferred tax assets and evaluating the need for a valuation allowance, a company consider all positive and negative evidence to form a conclusion as to whether the realization of the deferred tax asset is more likely than not. A company must also assign weights to the various forms of evidence, based upon its ability to verify the evidence. Management evaluates the realizability of the Company’s recorded deferred tax assets on a regular basis. This evaluation includes a review of all available evidence, including recent historical financial performance and expected near-term levels of net interest margin, nonperforming assets, operating expenses, earnings and other factors. It also considers the items that have given rise to the deferred tax assets, as well as tax planning strategies. | ||||||||
Management has concluded that only a portion of the deferred tax assets associated with certain state net economic loss carryforwards should be impaired. Management has also concluded that the utilization of the remaining deferred tax assets is more likely than not. | ||||||||
The significant components of the Company’s deferred tax assets at March 31, 2015 and December 31, 2014 were as follows (dollars in thousands): | ||||||||
2015 | 2014 | |||||||
Deferred tax assets: | ||||||||
Allowance for credit losses | $ | 8,368 | $ | 8,458 | ||||
Net operating losses | 20,741 | 21,554 | ||||||
Other | 13,599 | 13,420 | ||||||
Valuation allowance | -328 | -328 | ||||||
Total | 42,380 | 43,104 | ||||||
Deferred tax liabilities: | ||||||||
Net unrealized gain on available for sale securities | 3,639 | 2,904 | ||||||
Other | 7,140 | 7,067 | ||||||
Total | 10,779 | 9,971 | ||||||
Net deferred tax assets | $ | 31,601 | $ | 33,133 | ||||
Stock_Compensation_Plans
Stock Compensation Plans | 3 Months Ended | ||||||||||
Mar. 31, 2015 | |||||||||||
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract] | |||||||||||
Stock Compensation Plans | Note 7 — Stock Compensation Plans | ||||||||||
The Company recorded $187,000 and $203,000 of stock-based compensation expense for the three-month periods ended March 31, 2015 and 2014, respectively. The stock-based compensation expense is calculated on a ratable basis over the vesting periods of the related stock options or grants of restricted stock units or performance units and is reported within personnel expense. This expense had no impact on the Company’s reported cash flows. As of March 31, 2015, there was $1.9 million of unrecognized stock-based compensation expense. This expense will be fully recognized by December 31, 2017. | |||||||||||
To determine the amounts recorded in the financial statements, the fair value of each stock option is estimated on the date of the grant using the Black-Scholes-Merton option-pricing model, and for restricted stock units and performance units, the fair value of the Company’s stock on date of grant is used. During the first quarter of 2015, no stock options were granted. | |||||||||||
As of March 31, 2015, there were 447,615 restricted stock units and performance units outstanding. The fair value of each restricted stock unit or performance unit is the closing price of the Company’s Class A common stock on the grant date. The date of grant and the fair value of these are as follows: | |||||||||||
March 31, 2015 | |||||||||||
Grant | Fair Value | ||||||||||
Type | Units | Date | Per Unit | ||||||||
Restricted stock units | 10 | 2/9/11 | $ | 5.15 | |||||||
Restricted stock units | 43,447 | 1/11/12 | 3.89 | ||||||||
Restricted stock units | 3,790 | 7/25/12 | 4.1 | ||||||||
Restricted stock units | 93,260 | 1/16/13 | 5 | ||||||||
Restricted stock units | 2,390 | 3/6/13 | 5.91 | ||||||||
Restricted stock units | 1,460 | 4/24/13 | 5.99 | ||||||||
Restricted stock units | 22,204 | 7/24/13 | 8.8 | ||||||||
Restricted stock units | 1,701 | 10/9/13 | 6.61 | ||||||||
Restricted stock units | 85,928 | 1/15/14 | 7.19 | ||||||||
Performance units | 36,301 | 7/29/14 | 7.64 | ||||||||
Performance units | 22,835 | 10/29/14 | 8.41 | ||||||||
Performance units | 134,289 | 1/28/15 | 8.1 | ||||||||
447,615 | |||||||||||
. | |||||||||||
On February 27, 2015, there were 294,400 Premier stock options that converted to 353,831 Company stock options. The estimated fair value of the converted options was $632,000 using the Black-Scholes-Merton option-pricing model. At March 31, 2015, there were 353,831 of these converted options outstanding and exercisable with an average weighted remaining contractual life of approximately three years and no intrinsic value as the exercise price exceeds the current market price. The following is a summary of stock option activity and related information for the first three months of 2015. | |||||||||||
Options | Weighted | ||||||||||
Average | |||||||||||
Exercise | |||||||||||
Price | |||||||||||
Outstanding – beginning of period | 985,071 | $ | 7.51 | ||||||||
Converted | 353,831 | 9.16 | |||||||||
Exercised | -20,000 | 6.12 | |||||||||
Forfeited | -79,578 | 16.89 | |||||||||
Outstanding – end of period | 1,239,324 | $ | 7.4 | ||||||||
Exercisable – end of period | 1,239,324 | $ | 7.4 | ||||||||
Fair_Value_of_Financial_Instru
Fair Value of Financial Instruments | 3 Months Ended | |||||||||||
Mar. 31, 2015 | ||||||||||||
Fair Value Of Financial Instruments [Abstract] | ||||||||||||
Fair Value of Financial Instruments | Note 8 —Fair Value of Financial Instruments | |||||||||||
The following methods and assumptions were used to estimate the fair value for each class of the Company’s financial instruments. | ||||||||||||
Cash and cash equivalents. The carrying amounts for cash and due from banks approximate fair value because of the short maturities of those instruments and are categorized as Level 1 (quoted prices in active markets for identical assets). | ||||||||||||
Investment certificates of deposit. Investment certificates of deposit are certificates of deposit of $250,000 or less placed in multiple financial institutions. The fair value is estimated using the difference between the coupon rate on each certificate of deposit and the current required rate and is categorized as Level 2 (“significant other observable inputs”). | ||||||||||||
Investment securities. The fair value of investment securities is based on quoted prices in active markets for identical assets (Level 1), if available. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities, corresponding to the “significant other observable inputs” definition of GAAP (Level 2). If a quoted market price for a similar security is not available, fair value is estimated using “significant unobservable inputs” as defined by GAAP (Level 3). The fair value of equity investments in the restricted stock of the Federal Home Loan Bank of Atlanta and the Federal Reserve Bank or Richmond equals the carrying value based on the redemption provisions and is categorized as Level 3. | ||||||||||||
Loans. The fair value of fixed rate loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. The fair value of variable rate loans with frequent repricing and negligible credit risk approximates book value. The fair value of loans is categorized as Level 3. | ||||||||||||
Impaired loans. The fair value of each impaired loan is based on discounted cash flows using the loan’s initial effective interest rate or the fair value of the collateral, less selling and other handling costs, for certain collateral dependent loans less specific reserves. The fair value of impaired loans is categorized as Level 3. | ||||||||||||
Loans held for sale. Substantially all residential mortgage loans held for sale are pre-sold; therefore, their carrying value approximates fair value and is categorized as Level 2. | ||||||||||||
Investments held in trust and non-qualified defined contribution plan liability. Investments held in trust consist primarily of cash and cash equivalents, equity securities, and mutual fund investments, and are recorded at fair value and included in other assets. The purpose of these investments is to fund certain director and executive officer non-qualified deferred compensation. The benefit payable is the non-qualified defined contribution plan liability, which is recorded at fair value and included in other liabilities. For cash and cash equivalents, which have maturities of 90 days or less, their carrying amounts reported in the consolidated balance sheets approximate fair value and are categorized as Level 1. The fair value of other equity securities and mutual funds are valued based on quoted prices from the market and are categorized as Level 1. | ||||||||||||
Interest rate swaps. Under the terms of cash flow hedges, which the Bank entered into in August and November, 2014, for the duration of the hedges the Bank and the counterparty pay one another the difference between the variable amount payable by the Bank based on the 30-day LIBOR rate and the fixed payment payable by the counterparty. The fair values of the cash flow hedges are based on projected LIBOR rates for the duration of the hedges, values that, while observable in the market, are subject to adjustment due to pricing considerations for the specific instrument. In addition, the Bank has several other interest rate swap contracts that were classified as non-designated hedges that allow the customers to pay a fixed rate of interest to the Bank. These interest rate swaps were simultaneously hedged by executing offsetting interest rate swaps with a derivatives dealer to mitigate the net risk exposure to the Bank resulting from the transactions and allow the Bank to receive a variable rate of interest. The fair values of the interest rate swaps are categorized as Level 2. | ||||||||||||
Deposits. The fair value of noninterest-bearing demand deposits and Negotiable Order of Withdrawal (“NOW”), savings, and money market deposits are the amounts payable on demand at the reporting date. The fair value of time deposits is estimated using the rates currently offered for deposits of similar remaining maturities. The fair value of deposits is categorized as Level 2. | ||||||||||||
Federal funds purchased and retail repurchase agreements. The carrying values of federal funds purchased and retail repurchase agreements are considered to be a reasonable estimate of fair value and are categorized as Level 1. | ||||||||||||
Wholesale repurchase agreements, subordinated debt, junior subordinated notes and Federal Home Loan Bank of Atlanta borrowings. The fair values of these liabilities are estimated using the discounted values of the contractual cash flows and are categorized as Level 2. The discount rate is estimated using the rates currently in effect for similar borrowings. | ||||||||||||
During the first quarter 2015, the Company revised its methodology for estimating the fair value of the junior subordinated notes to discounting the projected future cash flows using the LIBOR interest rate swap curve. Previously, the Company projected cash flows assuming the current payment rate remained unchanged for the remaining term. Prior period amounts have not been revised. | ||||||||||||
The table below presents the estimated fair values of financial instruments as of March 31, 2015 and December 31, 2014 (dollars in thousands): | ||||||||||||
March 31, 2015 | Carrying | Estimated | ||||||||||
Value | FairValue | |||||||||||
Financial assets: | ||||||||||||
Cash and cash equivalents | $ | 43,840 | $ | 43,840 | ||||||||
Investment certificates of deposit | 18,822 | 18,895 | ||||||||||
Investment securities | 536,083 | 538,618 | ||||||||||
Loans | 1,926,154 | 1,927,189 | ||||||||||
Loans held for sale | 11,739 | 11,739 | ||||||||||
Investments held in trust | 7,664 | 7,664 | ||||||||||
Interest rate swaps | 648 | 648 | ||||||||||
Financial liabilities: | ||||||||||||
Deposits | 2,026,785 | 2,028,575 | ||||||||||
Federal funds purchased | 17,380 | 17,380 | ||||||||||
Wholesale repurchase agreements | 21,000 | 22,284 | ||||||||||
Subordinated debt | 15,500 | 16,225 | ||||||||||
Junior subordinated notes | 25,774 | 19,546 | ||||||||||
Federal Home Loan Bank borrowings | 355,800 | 355,820 | ||||||||||
Non-qualified defined contribution plan liability | 7,664 | 7,664 | ||||||||||
Interest rate swaps | 361 | 361 | ||||||||||
December 31, 2014 | Carrying | Estimated | ||||||||||
Value | FairValue | |||||||||||
Financial assets: | ||||||||||||
Cash and cash equivalents | $ | 34,369 | $ | 34,369 | ||||||||
Investment certificates of deposit | 15,632 | 15,705 | ||||||||||
Investment securities | 496,798 | 498,012 | ||||||||||
Loans | 1,782,294 | 1,784,477 | ||||||||||
Loans held for sale | 6,181 | 6,181 | ||||||||||
Investments held in trust | 7,342 | 7,342 | ||||||||||
Interest rate swaps | 224 | 224 | ||||||||||
Financial liabilities: | ||||||||||||
Deposits | 1,832,564 | 1,834,333 | ||||||||||
Federal funds purchased | 29,500 | 29,500 | ||||||||||
Wholesale repurchase agreements | 21,000 | 22,252 | ||||||||||
Subordinated debt | 15,500 | 15,978 | ||||||||||
Junior subordinated notes | 25,774 | 12,515 | ||||||||||
Federal Home Loan Bank borrowings | 346,700 | 346,712 | ||||||||||
Non-qualified defined contribution plan liability | 7,342 | 7,342 | ||||||||||
Interest rate swaps | 492 | 492 | ||||||||||
The fair value estimates are made at a specific point in time based on relevant market and other information about the financial instruments. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates. | ||||||||||||
The table below presents the assets measured at fair value on a recurring basis categorized by the level of inputs used in the valuation of each asset (dollars in thousands): | ||||||||||||
Quoted prices in active | Significant other | Significant | ||||||||||
markets for identical | observable | unobservable | ||||||||||
assets (Level 1) | inputs (Level 2) | inputs (Level 3) | ||||||||||
Assets measured at fair value | ||||||||||||
Available for sale securities: | ||||||||||||
at March 31, 2015 | $ | 4,699 | $ | 363,709 | $ | 23,637 | ||||||
at December 31, 2014 | 4,465 | 338,218 | 23,414 | |||||||||
Investments held in trust: | ||||||||||||
at March 31, 2015 | 7,664 | - | - | |||||||||
at December 31, 2014 | 7,342 | - | - | |||||||||
Interest rate swaps: | ||||||||||||
at March 31, 2015 | - | 648 | - | |||||||||
at December 31, 2014 | - | 224 | - | |||||||||
Liabilities measured at fair value | ||||||||||||
Non-qualified defined contribution plan liability: | ||||||||||||
at March 31, 2015 | 7,664 | - | - | |||||||||
at December 31, 2014 | 7,342 | - | - | |||||||||
Interest rate swaps: | ||||||||||||
at March 31, 2015 | - | 361 | - | |||||||||
at December 31, 2014 | - | 492 | - | |||||||||
The table below presents the reconciliation for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended March 31, 2015 and the year ended December 31, 2014 (dollars in thousands): | ||||||||||||
Three Months | Twelve Months | |||||||||||
Ended | Ended | |||||||||||
March 31, | December 31, | |||||||||||
2015 | 2014 | |||||||||||
Available for sale securities | ||||||||||||
Beginning balance | $ | 23,414 | $ | 9,988 | ||||||||
Purchases | 1,515 | 16,947 | ||||||||||
Acquisitions | 1,147 | 3,089 | ||||||||||
Redemptions | -2,439 | -6,610 | ||||||||||
Ending balance | $ | 23,637 | $ | 23,414 | ||||||||
The table below presents the assets measured at fair value on a non-recurring basis categorized by the level of inputs used in the valuation of each asset (dollars in thousands): | ||||||||||||
Quoted prices in active | Significant other | Significant | ||||||||||
markets for identical | observable | unobservable | ||||||||||
assets (Level 1) | inputs (Level 2) | inputs (Level 3) | ||||||||||
Loans held for sale: | ||||||||||||
at March 31, 2015 | $ | - | $ | 11,739 | $ | - | ||||||
at December 31, 2014 | - | 6,181 | - | |||||||||
Real estate acquired in settlement of loans: | ||||||||||||
at March 31, 2015 | - | - | 2,133 | |||||||||
at December 31, 2014 | - | - | 2,485 | |||||||||
Impaired loans, net of allowance: | ||||||||||||
at March 31, 2015 | - | - | 3,227 | |||||||||
at December 31, 2014 | - | - | 3,322 | |||||||||
The fair value of collateral dependent loans is determined by appraisals or by alternative evaluations, such as tax evaluations. The fair value of loans may also be determined by sales contracts in hand or settlement agreements. | ||||||||||||
The following table presents the valuation and unobservable inputs for Level 3 assets measured at fair value at March 31, 2015 (dollars in thousands): | ||||||||||||
Description | Fair | Valuation | Unobservable | Range of | ||||||||
Value | Methodology | Inputs | Inputs | |||||||||
Federal Home Loan Bank stock and Federal Reserve Bank stock | $ | 23,637 | Cost | Redemption provisions | N/A | |||||||
Real estate acquired in settlement of loans | 2,133 | Appraised value | Discount to reflect current market conditions | 0.00% - 52.00% | ||||||||
Impaired loans, net of allowance | 3,227 | Appraised value | Discount to reflect current market conditions | 0.00% - 52.00% | ||||||||
Discounted cash flows | Discount rates | 3.00% - 7.50% | ||||||||||
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income (Loss) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ||||||||
Accumulated Other Comprehensive Income (Loss) | Note 9 —Accumulated Other Comprehensive Income (Loss) | |||||||
The components of accumulated other comprehensive income, net of tax, at March 31, 2015 and December 31, 2014 are as follows (dollars in thousands): | ||||||||
2015 | 2014 | |||||||
Unrealized gains on available for sale securities | $ | 5,875 | $ | 4,688 | ||||
Funded status of pension plans | -5,220 | -5,220 | ||||||
Unrecognized gains (losses) on cash flow hedges | 183 | -163 | ||||||
Total accumulated other comprehensive income (loss) | $ | 838 | $ | -695 | ||||
Reclassifications from accumulated other comprehensive income (loss) for the three-month periods ended March 31, 2015 and 2014 are as follows (dollars in thousands): | ||||||||
Details about accumulated other | Amount reclassified from | Affected line item in the Consolidated | ||||||
accumulated other | ||||||||
comprehensive income (loss) | comprehensive income (loss) | Statements of Income | ||||||
Three months ended March, 2015 | ||||||||
Unrealized gains (losses) on cash flow hedges | $ | 196 | Interest and fees on loans | |||||
-75 | Income tax expense (benefit) | |||||||
$ | 121 | Net of tax | ||||||
Total reclassifications for the period | $ | 121 | ||||||
Three months ended March 31, 2014 | ||||||||
Amortization of net actuarial loss | $ | 16 | Personnel expense | |||||
-6 | Income tax expense (benefit) | |||||||
$ | 10 | Net of tax | ||||||
Total reclassifications for the period | $ | 10 | ||||||
Capital_Transactions
Capital Transactions | 3 Months Ended |
Mar. 31, 2015 | |
Stockholders' Equity Note [Abstract] | |
Capital Transactions | Note 10 —Capital Transactions |
On March 14, 2014, the Company entered into a Subordinated Note Purchase Agreement with 14 accredited investors under which the Company issued an aggregate of $15.5 million of subordinated notes (the “Notes”) to the accredited investors, including members of the Company’s Board of Directors. The Notes have a maturity date of March 14, 2024. The Notes bear interest, payable on the 1st of January and July of each year, commencing July 1, 2014, at a fixed interest rate of 7.25% per year. The Notes are intended to qualify as Tier 2 capital for regulatory purposes. | |
On March 31, 2014, the Company redeemed of all of its remaining 15,000 outstanding shares of Series A preferred stock at the liquidation price of $1,000 per share for a total of $15.0 million plus $172,500 of accrued and unpaid dividends. | |
On April 1, 2014, the Company completed its acquisition of CapStone. (See Note 2 of the Notes to the Consolidated Financial Statements of this Quarterly Report on Form 10-Q for details of the transaction.) | |
Quarterly cash dividends resumed in the first quarter of 2015. On February 18, 2015, the Board of Directors declared a $0.015 per share quarterly cash dividend on its common stock, payable April 15, 2015 to shareholders of record as of the close of business on March 16, 2015. | |
On February 27, 2015, the Company completed its acquisition of Premier. (See Note 2 of the Notes to the Consolidated Financial Statements of this Quarterly Report on Form 10-Q for details of the transaction.) | |
Derivatives
Derivatives | 3 Months Ended |
Mar. 31, 2015 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative | Note 11 – Derivatives |
Interest rate risk management is a part of the Company’s overall asset/liability management process. The primary oversight of asset/liability management rests with the Asset and Liability Committee, which is comprised of the Company’s Chief Executive Officer, Chief Financial Officer, and other senior executives. Over the past several years, the Company’s balance sheet has been consistently slightly “asset sensitive,” i.e. should interest rates decline, the Company’s assets will reprice faster than its liabilities, resulting in a declining net interest margin and less net interest income. | |
In order to partially mitigate its exposure in the event the interest rate curve flattens over the next three years, on August 8, 2014 and on November 13, 2014, the Bank entered into three-year interest rate swaps that qualify as cash flow hedges under GAAP. The fair value of the swaps is included in other assets in the consolidated balance sheets, and the net change in fair value is included in other comprehensive income and in the consolidated statements of cash flows under the caption net (increase) decrease in other liabilities. At March 31, 2015, the estimated fair value of the asset is $296,000. | |
The risk management objective is to mitigate the Bank’s interest rate risk exposure to the variability of the cash flows upon changes to its forecasted interest receipts as the 30-day LIBOR, the benchmark interest rate used by the Bank, changes. The Bank has sought to manage its interest rate risk exposure by entering into two interest rate swaps with a notional amount of $50.0 million each. These are designated as cash flow hedges of the interest rate risk associated with the benchmark rate of the 30-day LIBOR attributable to the forecasted interest payments received from the 30-day LIBOR loan portfolio and investment securities (the hedged forecasted transaction). For the interest rate swap entered into on August 8, 2014, the Bank will receive interest at a fixed rate of 0.925 percent and pay interest at a rate based on the 30-day LIBOR. This interest rate swap hedges interest receipts through August 8, 2017. For the interest rate swap entered into on November 13, 2014, the Bank will receive interest at a fixed rate of 0.98 percent and pay interest at a rate based on the 30-day LIBOR. This interest rate swap hedges interest receipts through November 13, 2017. Settlement of the swaps occurs monthly. As of March 31, 2015, collateral of $450,000 was pledged and on deposit with the counterparty to secure the existing obligations under these interest rate swaps. | |
For cash flow hedges, the effective portion of the gain or loss due to changes in the fair value of the derivative hedging instrument is included in other comprehensive income, while the ineffective portion, representing the excess of the cumulative change in the fair value of the derivative over the cumulative change in expected future discounted cash flows on the hedged transaction, is recorded in the consolidated statements of income. The Bank’s interest rate swaps have been effective since inception. Changes in the fair value of the interest rate swaps, therefore, have had no impact on net income. For the first three months of 2015, the Bank recognized interest income of $196,000 resulting from incremental interest received from the counterparty, none of which related to ineffectiveness. The Bank regularly monitors the credit risk of the interest rate swaps counterparty. | |
In addition, the Bank has three other interest rate swap contracts that were classified as non-designated hedges. These derivatives are interest rate swaps executed with commercial borrowers to allow the customers to pay a fixed rate of interest to the Bank. These interest rate swaps were simultaneously hedged by executing offsetting interest rate swaps with derivatives dealers to mitigate the net risk exposure to the Bank resulting from the transactions and allow the Bank to receive a variable rate of interest. | |
The interest rate swap contracts with the commercial borrowers require the borrowers to pay to or receive from the Bank an amount equal to and offsetting the value of the interest rate swaps. If the commercial borrower fails to perform and the market value for the interest rate swap with the derivatives dealer is negative (i.e. in a net liability position), the Bank would have to continue to pay the settlement amount for the financial derivative to the dealer or pay a termination fee. If the market value for the interest rate swap with the derivatives dealer is positive (i.e. in a net asset position), the Bank would continue to receive a payment for the settlement amount for the financial derivative with the dealer. The settlement amount is impacted by the fluctuation of interest rates. | |
The fair values of interest rate swap derivatives that are classified as non-designated hedges are recorded in other assets and other liabilities on the balance sheet. As these interest rate swaps do not meet hedge accounting requirements, changes in the fair value of these interest rate swaps are recognized directly in earnings. These changes are recorded in other noninterest expense. As of March 31, 2015, the customer interest rate swaps and the offsetting swaps each had an aggregate notional amount of approximately $11.8 million and the fair value of these three interest rate swap derivatives are recorded in other assets for $352,000 and in other liabilities for $361,000 on the balance sheet. The net effect of recording the derivatives at fair value through earnings was immaterial to the Company’s financial condition and results of operations during the first three months of 2015. | |
As of March 31, 2015, the Bank provided $350,000 of collateral for two of these interest rate swaps, which is included in cash on the balance sheet as interest-bearing deposits with banks. Collateral for the third interest rate swap is an agency mortgage backed security with a collateral value of $573,000 at March 31, 2015. If the Bank had breached any of these provisions at March 31, 2015, it would have been required to settle its obligations under the agreements by paying termination values totaling $384,000. | |
Basis_of_Presentation_Policies
Basis of Presentation (Policies) | 3 Months Ended |
Mar. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Recent accounting pronouncements | Recent accounting pronouncements |
In January 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2014-04, “Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force).” This Update provides guidance on when an in-substance repossession or foreclosure is deemed to occur, which requires the mortgage loan to be derecognized and the related real estate be recognized. The Update clarifies that an in-substance repossession or foreclosure is deemed to occur upon either (i) a creditor obtaining legal title to the residential real estate or (ii) the borrower conveying all interest in the residential real estate through a deed in lieu of foreclosure (or a similar legal agreement). Creditors must disclose the amount of foreclosed residential real estate held as well as the amount of collateralized loans for which foreclosure is in process. The Update became effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The Update can be adopted on either a modified retrospective or a prospective method, and early adoption was permitted. The Company adopted this Update prospectively January 1, 2015, which requires additional disclosure by the Company but does not otherwise materially affect our financial statements. (See Note 5 of the Notes to the Consolidated Financial Statements of this Quarterly Report on Form 10-Q.) | |
In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” This Update sets new guidance to clarify principles for recognizing revenue and develops a common revenue standard with the International Accounting Standards Board. ASU 2014-09 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. On April 29, 2015, the FASB released proposed ASU 2015-240, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, which calls for a one-year delay of the effective date of this Update for most companies. The Company is currently evaluating the effect of adopting ASU 2014-09 on its consolidated financial statements. | |
In June 2014, the FASB issued ASU 2014-11, “Transfers and Servicing: Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures (Topic 860).” The amendments in this Update require two accounting changes. First, the amendments in this Update change the accounting for repurchase-to-maturity transactions to secured borrowing accounting. Second, for repurchase financing arrangements, the amendments require separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement. Also, the amendments in this Update require disclosure for certain transactions accounted for as a sale and for repurchase agreements, securities lending transactions, and repurchase-to-maturity transactions accounted for as secured borrowings. The accounting changes and the disclosure for certain transactions accounted for as a sale in this Update are effective for public business entities for the first interim or annual period beginning after December 15, 2014, and the disclosure for repurchase agreements, securities lending transactions, and repurchase-to-maturity transactions accounted for as secured borrowings is required to be presented for annual periods beginning after December 15, 2014 and for interim periods beginning after March 15, 2015. Early adoption for a public business entity is prohibited. This Update will require additional disclosure by the Company but does not otherwise materially affect our financial statements. | |
In August 2014, the FASB issued ASU 2014-14, “Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force).” The amendments in this Update require that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if the following conditions are met: (i) the loan has a government guarantee that is not separable from the loan before foreclosure; (ii) at the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim; and (iii) at the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed. Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. An entity should adopt the amendments in this Update using either a prospective transition method or a modified retrospective transition method. Early adoption, including adoption in an interim period, was permitted if the entity already had adopted ASU 2014-04. The adoption of ASU 2014-14 did not have a material effect on the Company’s consolidated financial statements as the Company does not have a material amount of government-guaranteed mortgage loans. | |
In February 2015, the FASB issued ASU 2015-01, “Income Statement – Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.” This Update eliminates from GAAP the concept of extraordinary items, which are items that are unusual in nature and infrequent. The amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. A reporting entity may apply the amendments prospectively and also may apply the amendments retrospectively to all prior periods presented in the financial statements. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The effective date is the same for both public business entities and all other entities. The adoption of ASU 2015-01 is not expected to have a material effect on the Company’s consolidated financial statements. | |
In February 2015, the FASB issued ASU 2015-02, “Consolidation (Subtopic 810): Amendments to the Consolidation Analysis.” This Update provides an additional requirement for a limited partnership or similar entity to qualify as a voting interest entity and also amends the criteria for consolidating such an entity. In addition, the Update amends the criteria for evaluating fees paid to a decision maker or service provider as a variable interest and amends the criteria for evaluating the effect of fee arrangements and related parties on a variable interest entity primary beneficiary determination. The amendments in this Update are effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. The Company does not anticipate that the adoption of ASU 2015-02 will have a material effect on its consolidated financial statements as the Company does not have any significant investments in limited partnerships with voting rights. | |
In April 2015, the FASB issued ASU 2015-03, “Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” This Update requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. For public business entities, the amendments in this Update are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption of the amendments in this Update is permitted for financial statements that have not been previously issued. An entity should apply the new guidance on a retrospective basis. The adoption of ASU 2015-03 is not expected to have a material effect on the Company’s consolidated financial statements. | |
Reclassification | Reclassification |
Certain items for 2014 have been reclassified to conform to the 2015 presentation. Such reclassifications had no effect on net income, total assets or shareholders’ equity as previously reported. | |
Business_Combinations_and_Acqu1
Business Combinations and Acquisitions (Tables) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Business Acquisition [Line Items] | ||||||||
Schedule of Business Acquisitions, by Acquisition | The following table reflects the pro forma total net interest income, noninterest income and net income for the three months ended March 31, 2015 and 2014 as though the acquisition of Premier had taken place on January 1, 2014. The pro forma results are not adjusted for acquisition-related expense, and are not necessarily indicative of the results of operations that would have occurred had the acquisition actually taken place on January 1, 2014, nor of future results of operations. | |||||||
Three Months Ended March 31 | ||||||||
(Dollars in thousands) | 2015 | 2014 | ||||||
Net interest income | $ | 22,361 | $ | 18,052 | ||||
Noninterest income | 4,691 | 4,904 | ||||||
Net income | 3,461 | 3,709 | ||||||
Schedule of Noncash Merger Related Costs | The components of acquisition-related expense for 2015 predominately related to the acquisition of Premier are as follows (dollars in thousands): | |||||||
Personnel | $ | 1345 | ||||||
Furniture and equipment | 330 | |||||||
Technology and data processing | 389 | |||||||
Legal and professional | 158 | |||||||
Other | 35 | |||||||
Total acquisition-related expense | $ | 2,257 | ||||||
CapStone Bank [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the allocation of the purchase price to the assets acquired and the liabilities assumed based on their estimated fair values (dollars in thousands, except per share data): | |||||||
Fair value of assets acquired | ||||||||
Cash and cash equivalents | $ | 6,198 | ||||||
Investment certificates of deposit | 18,250 | |||||||
Federal funds sold | 1,000 | |||||||
Available for sale investment securities | 49,357 | |||||||
Loans | 292,848 | |||||||
Premises and equipment | 3,185 | |||||||
Core deposit intangible | 2,490 | |||||||
Real estate acquired in settlement of loans | 169 | |||||||
Deferred tax assets | 3,740 | |||||||
Other assets | 4,357 | |||||||
Total assets acquired | 381,594 | |||||||
Fair value of liabilities assumed | ||||||||
Deposits | 273,665 | |||||||
Federal Home Loan Bank borrowings | 61,268 | |||||||
Accrued expenses and other liabilities | 1,797 | |||||||
Total liabilities assumed | 336,730 | |||||||
Net assets acquired | $ | 44,864 | ||||||
Purchase price | ||||||||
Shares of common stock issued | 8,075,228 | |||||||
Purchase price per share of Class A common stock | $ | 7.14 | ||||||
Class A common stock issued and cash exchanged for fractional shares | 57,658 | |||||||
Fair value of converted stock options | 4,606 | |||||||
Total purchase price | $ | 62,264 | ||||||
Goodwill | $ | 17,400 | ||||||
Premier Commercial Bank [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the allocation of the purchase price to the assets acquired and the liabilities assumed based on their estimated fair values (dollars in thousands, except per share data): | |||||||
Fair value of assets acquired | ||||||||
Cash and cash equivalents | $ | 8,028 | ||||||
Investment certificates of deposit | 4,478 | |||||||
Loans held for sale | 2,319 | |||||||
Investment securities | 47,085 | |||||||
Loans | 95,984 | |||||||
Premises and equipment | 114 | |||||||
Core deposit intangible | 970 | |||||||
Deferred tax assets | 1,355 | |||||||
Other assets | 1,330 | |||||||
Total assets acquired | 161,663 | |||||||
Fair value of liabilities assumed | ||||||||
Deposits | 124,182 | |||||||
Federal Home Loan Bank borrowings | 19,810 | |||||||
Other liabilities | 491 | |||||||
Total liabilities assumed | 144,483 | |||||||
Net assets acquired | $ | 17,180 | ||||||
Purchase price | ||||||||
Shares of common stock issued | 1,735,465 | |||||||
Purchase price per share of the Company’s common stock | $ | 8.3 | ||||||
Company common stock issued and cash exchanged for fractional shares | 14,405 | |||||||
Fair value of converted stock options | 632 | |||||||
Cash paid | 4,813 | |||||||
Total purchase price | $ | 19,850 | ||||||
Goodwill | $ | 2,670 | ||||||
Net_Income_Per_Share_Tables
Net Income Per Share (Tables) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Earnings Per Share [Abstract] | ||||||||
Schedule Of Earnings Per Share, Basic and Diluted | A summary of basic and diluted net income per share follows (dollars in thousands, except per share data): | |||||||
Three Months Ended March 31 | ||||||||
2015 | 2014 | |||||||
Basic: | ||||||||
Net income available to common shareholders | $ | 3,770 | $ | 3,114 | ||||
Weighted average shares outstanding | 37,844,273 | 28,487,709 | ||||||
Net income per share, basic | $ | 0.1 | $ | 0.11 | ||||
Diluted: | ||||||||
Net income available to common shareholders | $ | 3,770 | $ | 3,114 | ||||
Weighted average shares outstanding | 37,844,273 | 28,487,709 | ||||||
Effect of dilutive securities: | ||||||||
Stock options | 317,717 | 540 | ||||||
Restricted stock units and performance units | 171,851 | 109,281 | ||||||
Weighted average shares outstanding and dilutive potential shares outstanding | 38,333,841 | 28,597,530 | ||||||
Net income per share, diluted | $ | 0.1 | $ | 0.11 | ||||
Investment_Securities_Tables
Investment Securities (Tables) | 3 Months Ended | ||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||
Investment Securities [Abstract] | |||||||||||||||||||||
Schedule Of Available-For-Sale Securities Reconciliation | Investment securities consist of the following (dollars in thousands): | ||||||||||||||||||||
Available for Sale - March 31, 2015 | |||||||||||||||||||||
Amortized | Unrealized | Unrealized | Market | Average | Average | ||||||||||||||||
Cost | Gains | Losses | Value | Yield | Duration(1) | ||||||||||||||||
U.S. government agency securities | $ | 56,633 | $ | 59 | $ | -509 | $ | 56,183 | 2.11 | % | 6.51 | ||||||||||
Agency mortgage backed securities | 30,160 | 1,366 | - | 31,526 | 3.02 | 3.59 | |||||||||||||||
Collateralized mortgage obligations | 9,833 | 262 | - | 10,095 | 3.82 | 3.55 | |||||||||||||||
Commercial mortgage backed securities | 33,371 | 1,273 | - | 34,644 | 3.39 | 2.41 | |||||||||||||||
Corporate bonds | 135,761 | 4,181 | -663 | 139,279 | 3.72 | 2.84 | |||||||||||||||
Covered bonds | 49,985 | 1,831 | - | 51,816 | 3.48 | 1.75 | |||||||||||||||
State and municipal obligations | 33,814 | 1,231 | -2 | 35,043 | 5.02 | -2 | 3.55 | ||||||||||||||
Total debt securities | 349,557 | 10,203 | -1,174 | 358,586 | 3.46 | 2) | 3.39 | ||||||||||||||
Federal Home Loan Bank stock | 17,540 | - | - | 17,540 | |||||||||||||||||
Federal Reserve Bank stock | 6,097 | - | - | 6,097 | |||||||||||||||||
Other equity securities | 9,336 | 549 | -63 | 9,822 | |||||||||||||||||
Total | $ | 382,530 | $ | 10,752 | $ | -1,237 | $ | 392,045 | |||||||||||||
Available for Sale - December 31, 2014 | |||||||||||||||||||||
Amortized | Unrealized | Unrealized | Market | Average | Average | ||||||||||||||||
Cost | Gains | Losses | Value | Yield | Duration(1) | ||||||||||||||||
U.S. government agency securities | $ | 49,599 | $ | - | $ | -1,485 | $ | 48,114 | 2.05 | % | 6.8 | ||||||||||
Agency mortgage backed securities | 19,314 | 1,255 | - | 20,569 | 3.78 | 3.46 | |||||||||||||||
Collateralized mortgage obligations | 10,492 | 217 | - | 10,709 | 3.81 | 3.72 | |||||||||||||||
Commercial mortgage backed securities | 33,646 | 1,179 | - | 34,825 | 3.4 | 2.62 | |||||||||||||||
Corporate bonds | 128,798 | 3,612 | -535 | 131,875 | 3.78 | 3.5 | |||||||||||||||
Covered bonds | 49,976 | 2,017 | -73 | 51,920 | 3.49 | 1.98 | |||||||||||||||
State and municipal obligations | 33,930 | 1,204 | -4 | 35,130 | 5.17 | -2 | 3.75 | ||||||||||||||
Total debt securities | 325,755 | 9,484 | -2,097 | 333,142 | 3.58 | -2 | 3.71 | ||||||||||||||
Federal Home Loan Bank stock | 17,712 | - | - | 17,712 | |||||||||||||||||
Federal Reserve Bank stock | 5,702 | - | - | 5,702 | |||||||||||||||||
Other equity securities | 9,336 | 361 | -156 | 9,541 | |||||||||||||||||
Total | $ | 358,505 | $ | 9,845 | $ | -2,253 | $ | 366,097 | |||||||||||||
Held-to-maturity Securities | Held to Maturity - March 31, 2015 | ||||||||||||||||||||
Amortized | Unrealized | Unrealized | Market | Average | Average | ||||||||||||||||
Cost | Gains | Losses | Value | Yield | Duration(1) | ||||||||||||||||
U.S. government agency securities | $ | 29,783 | $ | 150 | $ | -102 | $ | 29,831 | 2.17 | % | 4.45 | ||||||||||
Agency mortgage backed securities | 52,466 | 1,751 | - | 54,217 | 2.56 | 4.76 | |||||||||||||||
Corporate bonds | 28,653 | 297 | -21 | 28,929 | 2.71 | 3.97 | |||||||||||||||
Covered bonds | 4,985 | 75 | - | 5,060 | 2.08 | 3.71 | |||||||||||||||
Subordinated debt issues | 27,000 | 327 | - | 27,327 | 5.88 | 9.47 | |||||||||||||||
State and municipal obligations | 1,151 | 58 | - | 1,209 | 4.28 | -2 | 7.42 | ||||||||||||||
Total | $ | 144,038 | $ | 2,658 | $ | -123 | $ | 146,573 | 3.13 | -2 | 5.43 | ||||||||||
Held to Maturity - December 31, 2014 | |||||||||||||||||||||
Amortized | Unrealized | Unrealized | Market | Average | Average | ||||||||||||||||
Cost | Gains | Losses | Value | Yield | Duration(1) | ||||||||||||||||
U.S. government agency securities | $ | 32,772 | $ | 95 | $ | -416 | $ | 32,451 | 2.16 | % | 4.75 | ||||||||||
Agency mortgage backed securities | 54,339 | 1,352 | - | 55,691 | 2.58 | 4.43 | |||||||||||||||
Corporate bonds | 23,455 | 123 | -64 | 23,514 | 2.72 | 4.19 | |||||||||||||||
Covered bonds | 4,984 | 25 | - | 5,009 | 2.08 | 3.92 | |||||||||||||||
Subordinated debt issues | 14,000 | 50 | -17 | 14,033 | 6.26 | 9.35 | |||||||||||||||
State and municipal obligations | 1,151 | 66 | - | 1,217 | 4.28 | -2 | 7.6 | ||||||||||||||
Total | $ | 130,701 | $ | 1,711 | $ | -497 | $ | 131,915 | 2.89 | -2 | 5 | ||||||||||
(1) Average remaining duration to maturity, in years | |||||||||||||||||||||
(2) Fully taxable-equivalent basis | |||||||||||||||||||||
Available-For-Sale Securities, Continuous Unrealized Loss Position, Fair Value | The following table shows the Company’s investments with gross unrealized losses and their fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, as of March 31, 2015 (dollars in thousands): | ||||||||||||||||||||
Less Than 1 Year | 1 Year or More | Total | |||||||||||||||||||
Market | Unrealized | Market | Unrealized | Market | Unrealized | ||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||
U.S. government agency securities | $ | 20,849 | $ | -119 | $ | 40,613 | $ | -492 | $ | 61,462 | $ | -611 | |||||||||
Corporate bonds | 18,945 | -684 | - | - | 18,945 | -684 | |||||||||||||||
State and municipal obligations | - | - | 177 | -2 | 177 | -2 | |||||||||||||||
Equity securities | 1,024 | -4 | 1,838 | -59 | 2,862 | -63 | |||||||||||||||
Total securities | $ | 40,818 | $ | -807 | $ | 42,628 | $ | -553 | $ | 83,446 | $ | -1,360 | |||||||||
Loans_and_Allowance_for_Credit1
Loans and Allowance for Credit Losses (Tables) | 3 Months Ended | |||||||||||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||||||||||
Receivables [Abstract] | ||||||||||||||||||||||||||||||||
Schedule Of Financing Receivables | March 31, 2015 | December 31, 2014 | ||||||||||||||||||||||||||||||
Loans – | Loans – | |||||||||||||||||||||||||||||||
Excluding | PCI | Total | Excluding | PCI | Total | |||||||||||||||||||||||||||
PCI | Loans | Loans | PCI | Loans | Loans | |||||||||||||||||||||||||||
Secured by owner-occupied nonfarm nonresidential properties | $ | 307,797 | $ | 21,075 | $ | 328,872 | $ | 292,013 | $ | 17,969 | $ | 309,982 | ||||||||||||||||||||
Secured by other nonfarm nonresidential properties | 444,759 | 18,002 | 462,761 | 411,107 | 15,768 | 426,875 | ||||||||||||||||||||||||||
Other commercial and industrial | 213,732 | 6,021 | 219,753 | 189,085 | 2,819 | 191,904 | ||||||||||||||||||||||||||
Total Commercial | 966,288 | 45,098 | 1,011,386 | 892,205 | 36,556 | 928,761 | ||||||||||||||||||||||||||
Construction loans – 1 to 4 family residential | 40,305 | 1,009 | 41,314 | 42,969 | 712 | 43,681 | ||||||||||||||||||||||||||
Other construction and land development | 144,630 | 3,848 | 148,478 | 120,612 | 3,816 | 124,428 | ||||||||||||||||||||||||||
Total Real estate – construction | 184,935 | 4,857 | 189,792 | 163,581 | 4,528 | 168,109 | ||||||||||||||||||||||||||
Closed-end loans secured by 1 to 4 family residential properties | 395,200 | 28,089 | 423,289 | 379,646 | 26,626 | 406,272 | ||||||||||||||||||||||||||
Lines of credit secured by 1 to 4 family residential properties | 228,621 | 6,324 | 234,945 | 222,329 | 6,375 | 228,704 | ||||||||||||||||||||||||||
Loans secured by 5 or more family residential properties | 47,234 | 6,752 | 53,986 | 32,611 | 4,987 | 37,598 | ||||||||||||||||||||||||||
Total Real estate – mortgage | 671,055 | 41,165 | 712,220 | 634,586 | 37,988 | 672,574 | ||||||||||||||||||||||||||
Credit cards | 7,456 | - | 7,456 | 7,656 | - | 7,656 | ||||||||||||||||||||||||||
Other revolving credit plans | 9,744 | 25 | 9,769 | 9,085 | 27 | 9,112 | ||||||||||||||||||||||||||
Other consumer loans | 6,421 | 1,930 | 8,351 | 7,414 | 1,982 | 9,396 | ||||||||||||||||||||||||||
Total Consumer | 23,621 | 1,955 | 25,576 | 24,155 | 2,009 | 26,164 | ||||||||||||||||||||||||||
All other loans | 9,058 | - | 9,058 | 8,798 | - | 8,798 | ||||||||||||||||||||||||||
Total Other | 9,058 | - | 9,058 | 8,798 | - | 8,798 | ||||||||||||||||||||||||||
Total loans held for investment | $ | 1,854,957 | $ | 93,075 | $ | 1,948,032 | $ | 1,723,325 | $ | 81,081 | $ | 1,804,406 | ||||||||||||||||||||
Troubled Debt Restructurings On Financing Receivables | Nonperforming assets are summarized as follows (dollars in thousands): | |||||||||||||||||||||||||||||||
March 31, | December 31, | |||||||||||||||||||||||||||||||
2015 | 2014 | |||||||||||||||||||||||||||||||
Commercial nonaccrual loans, not restructured | $ | 1,349 | $ | 1,620 | ||||||||||||||||||||||||||||
Commercial nonaccrual loans, restructured | - | - | ||||||||||||||||||||||||||||||
Non-commercial nonaccrual loans, not restructured | 2,525 | 3,471 | ||||||||||||||||||||||||||||||
Non-commercial nonaccrual loans, restructured | 63 | 5 | ||||||||||||||||||||||||||||||
Total nonaccrual loans | 3,937 | 5,096 | ||||||||||||||||||||||||||||||
Troubled debt restructured, accruing | 2,004 | 2,116 | ||||||||||||||||||||||||||||||
Total nonperforming loans | 5,941 | 7,212 | ||||||||||||||||||||||||||||||
Real estate acquired in settlement of loans | 2,484 | 3,057 | ||||||||||||||||||||||||||||||
Total nonperforming assets | $ | 8,425 | $ | 10,269 | ||||||||||||||||||||||||||||
Restructured loans, performing (1) | $ | 1,045 | $ | 1,151 | ||||||||||||||||||||||||||||
Loans past due 90 days or more and still accruing(2) | $ | 1,942 | $ | 1,534 | ||||||||||||||||||||||||||||
Nonperforming loans to loans held for investment | 0.3 | % | 0.4 | % | ||||||||||||||||||||||||||||
Nonperforming assets to total assets at end of period | 0.31 | % | 0.41 | % | ||||||||||||||||||||||||||||
Allowance for credit losses to nonperforming loans | 368.25 | % | 306.6 | % | ||||||||||||||||||||||||||||
(1) Loans restructured in a prior year without an interest rate concession or forgiveness of debt that are performing in accordance with their restructured terms. | ||||||||||||||||||||||||||||||||
(2) Loans past due 90 days or more and still accruing includes $1,934 and $1,463 of PCI loans as of March 31, 2015 and December 31, 2014, respectively. | ||||||||||||||||||||||||||||||||
Past Due Financing Receivables | The aging of loans is summarized in the following tables (dollars in thousands): | |||||||||||||||||||||||||||||||
Loans – Excluding PCI | ||||||||||||||||||||||||||||||||
30-89 Days | 90+ Days | Nonaccrual | Total Past Due | Total Loans | ||||||||||||||||||||||||||||
March 31, 2015 | Past Due | Past Due | Loans | + Nonaccrual | Current | Receivable | ||||||||||||||||||||||||||
Secured by owner-occupied nonfarm nonresidential properties | $ | 362 | $ | - | $ | 717 | $ | 1,079 | $ | 306,718 | $ | 307,797 | ||||||||||||||||||||
Secured by other nonfarm nonresidential properties | 150 | - | - | 150 | 444,609 | 444,759 | ||||||||||||||||||||||||||
Other commercial and industrial | 814 | - | 632 | 1,446 | 212,286 | 213,732 | ||||||||||||||||||||||||||
Total Commercial | 1,326 | - | 1,349 | 2,675 | 963,613 | 966,288 | ||||||||||||||||||||||||||
Construction loans – 1 to 4 family residential | 164 | - | - | 164 | 40,141 | 40,305 | ||||||||||||||||||||||||||
Other construction and land development | 540 | - | 61 | 601 | 144,029 | 144,630 | ||||||||||||||||||||||||||
Total Real estate – construction | 704 | - | 61 | 765 | 184,170 | 184,935 | ||||||||||||||||||||||||||
Closed-end loans secured by 1 to 4 family residential properties | 2,489 | - | 1,356 | 3,845 | 391,355 | 395,200 | ||||||||||||||||||||||||||
Lines of credit secured by 1 to 4 family residential Properties | 1,880 | - | 1,127 | 3,007 | 225,614 | 228,621 | ||||||||||||||||||||||||||
Loans secured by 5 or more family residential properties | - | - | - | - | 47,234 | 47,234 | ||||||||||||||||||||||||||
Total Real estate – mortgage | 4,369 | - | 2,483 | 6,852 | 664,203 | 671,055 | ||||||||||||||||||||||||||
Credit cards | 66 | 8 | - | 74 | 7,382 | 7,456 | ||||||||||||||||||||||||||
Other revolving credit plans | 19 | - | - | 19 | 9,725 | 9,744 | ||||||||||||||||||||||||||
Other consumer loans | 15 | - | 44 | 59 | 6,362 | 6,421 | ||||||||||||||||||||||||||
Total Consumer | 100 | 8 | 44 | 152 | 23,469 | 23,621 | ||||||||||||||||||||||||||
All other loans | - | - | - | - | 9,058 | 9,058 | ||||||||||||||||||||||||||
Total Other | - | - | - | - | 9,058 | 9,058 | ||||||||||||||||||||||||||
Total loans | $ | 6,499 | $ | 8 | $ | 3,937 | $ | 10,444 | $ | 1,844,513 | $ | 1,854,957 | ||||||||||||||||||||
PCI Loans | ||||||||||||||||||||||||||||||||
30-89 Days | 90+ Days | Nonaccrual | Total Past Due | Total Loans | ||||||||||||||||||||||||||||
March 31, 2015 | Past Due | Past Due | Loans | + Nonaccrual | Current | Receivable | ||||||||||||||||||||||||||
Secured by owner-occupied nonfarm nonresidential properties | $ | 497 | $ | - | $ | - | $ | 497 | $ | 20,578 | $ | 21,075 | ||||||||||||||||||||
Secured by other nonfarm nonresidential properties | - | - | - | - | 18,002 | 18,002 | ||||||||||||||||||||||||||
Other commercial and industrial | - | 10 | - | 10 | 6,011 | 6,021 | ||||||||||||||||||||||||||
Total Commercial | 497 | 10 | - | 507 | 44,591 | 45,098 | ||||||||||||||||||||||||||
Construction loans – 1 to 4 family residential | - | - | - | - | 1,009 | 1,009 | ||||||||||||||||||||||||||
Other construction and land development | - | - | - | - | 3,848 | 3,848 | ||||||||||||||||||||||||||
Total Real estate – construction | - | - | - | - | 4,857 | 4,857 | ||||||||||||||||||||||||||
Closed-end loans secured by 1 to 4 family residential properties | 1,725 | 1,792 | - | 3,517 | 24,572 | 28,089 | ||||||||||||||||||||||||||
Lines of credit secured by 1 to 4 family residential | ||||||||||||||||||||||||||||||||
properties | 451 | 91 | - | 542 | 5782 | 6324 | ||||||||||||||||||||||||||
Loans secured by 5 or more family residential properties | - | - | - | - | 6,752 | 6,752 | ||||||||||||||||||||||||||
Total Real estate – mortgage | 2,176 | 1,883 | - | 4,059 | 37,106 | 41,165 | ||||||||||||||||||||||||||
Credit cards | - | - | - | - | - | - | ||||||||||||||||||||||||||
Other revolving credit plans | - | - | - | - | 25 | 25 | ||||||||||||||||||||||||||
Other consumer loans | - | 41 | - | 41 | 1,889 | 1,930 | ||||||||||||||||||||||||||
Total Consumer | - | 41 | - | 41 | 1,914 | 1,955 | ||||||||||||||||||||||||||
All other loans | - | - | - | - | - | - | ||||||||||||||||||||||||||
Total Other | - | - | - | - | - | - | ||||||||||||||||||||||||||
Total loans | $ | 2,673 | $ | 1,934 | $ | - | $ | 4,607 | $ | 88,468 | $ | 93,075 | ||||||||||||||||||||
Total Loans | ||||||||||||||||||||||||||||||||
30-89 Days | 90+ Days | Nonaccrual | Total Past Due | Total Loans | ||||||||||||||||||||||||||||
March 31, 2015 | Past Due | Past Due | Loans | + Nonaccrual | Current | Receivable | ||||||||||||||||||||||||||
Secured by owner-occupied nonfarm nonresidential properties | $ | 859 | $ | - | $ | 717 | $ | 1,576 | $ | 327,296 | $ | 328,872 | ||||||||||||||||||||
Secured by other nonfarm nonresidential properties | 150 | - | - | 150 | 462,611 | 462,761 | ||||||||||||||||||||||||||
Other commercial and industrial | 814 | 10 | 632 | 1,456 | 218,297 | 219,753 | ||||||||||||||||||||||||||
Total Commercial | 1,823 | 10 | 1,349 | 3,182 | 1,008,204 | 1,011,386 | ||||||||||||||||||||||||||
Construction loans – 1 to 4 family residential | 164 | - | - | 164 | 41,150 | 41,314 | ||||||||||||||||||||||||||
Other construction and land development | 540 | - | 61 | 601 | 147,877 | 148,478 | ||||||||||||||||||||||||||
Total Real estate – construction | 704 | - | 61 | 765 | 189,027 | 189,792 | ||||||||||||||||||||||||||
Closed-end loans secured by 1 to 4 family residential properties | 4,214 | 1,792 | 1,356 | 7,362 | 415,927 | 423,289 | ||||||||||||||||||||||||||
Lines of credit secured by 1 to 4 family residential properties | 2,331 | 91 | 1,127 | 3,549 | 231,396 | 234,945 | ||||||||||||||||||||||||||
Loans secured by 5 or more family residential properties | - | - | - | - | 53,986 | 53,986 | ||||||||||||||||||||||||||
Total Real estate – mortgage | 6,545 | 1,883 | 2,483 | 10,911 | 701,309 | 712,220 | ||||||||||||||||||||||||||
Credit cards | 66 | 8 | - | 74 | 7,382 | 7,456 | ||||||||||||||||||||||||||
Other revolving credit plans | 19 | - | - | 19 | 9,750 | 9,769 | ||||||||||||||||||||||||||
Other consumer loans | 15 | 41 | 44 | 100 | 8,251 | 8,351 | ||||||||||||||||||||||||||
Total Consumer | 100 | 49 | 44 | 193 | 25,383 | 25,576 | ||||||||||||||||||||||||||
All other loans | - | - | - | - | 9,058 | 9,058 | ||||||||||||||||||||||||||
Total Other | - | - | - | - | 9,058 | 9,058 | ||||||||||||||||||||||||||
Total loans | $ | 9,172 | $ | 1,942 | $ | 3,937 | $ | 15,051 | $ | 1,932,981 | $ | 1,948,032 | ||||||||||||||||||||
Loans – Excluding PCI | ||||||||||||||||||||||||||||||||
30-89 Days | 90+ Days | Nonaccrual | Total Past Due | Total Loans | ||||||||||||||||||||||||||||
December 31, 2014 | Past Due | Past Due | Loans | + Nonaccrual | Current | Receivable | ||||||||||||||||||||||||||
Secured by owner-occupied nonfarm nonresidential properties | $ | 1,366 | $ | - | $ | 1,353 | $ | 2,719 | $ | 289,294 | $ | 292,013 | ||||||||||||||||||||
Secured by other nonfarm nonresidential properties | - | - | 237 | 237 | 410,870 | 411,107 | ||||||||||||||||||||||||||
Other commercial and industrial | 1,451 | - | 30 | 1,481 | 187,604 | 189,085 | ||||||||||||||||||||||||||
Total Commercial | 2,817 | - | 1,620 | 4,437 | 887,768 | 892,205 | ||||||||||||||||||||||||||
Construction loans – 1 to 4 family residential | - | - | - | - | 42,969 | 42,969 | ||||||||||||||||||||||||||
Other construction and land development | 66 | - | 159 | 225 | 120,387 | 120,612 | ||||||||||||||||||||||||||
Total Real estate – construction | 66 | - | 159 | 225 | 163,356 | 163,581 | ||||||||||||||||||||||||||
Closed-end loans secured by 1 to 4 family residential properties | 3,529 | 35 | 1,871 | 5,435 | 374,211 | 379,646 | ||||||||||||||||||||||||||
Lines of credit secured by 1 to 4 family residential properties | 2,578 | - | 1,301 | 3,879 | 218,450 | 222,329 | ||||||||||||||||||||||||||
Loans secured by 5 or more family residential properties | - | - | - | - | 32,611 | 32,611 | ||||||||||||||||||||||||||
Total Real estate – mortgage | 6,107 | 35 | 3,172 | 9,314 | 625,272 | 634,586 | ||||||||||||||||||||||||||
Credit cards | 93 | 35 | - | 128 | 7,528 | 7,656 | ||||||||||||||||||||||||||
Other revolving credit plans | 121 | 1 | 102 | 224 | 8,861 | 9,085 | ||||||||||||||||||||||||||
Other consumer loans | 131 | - | 43 | 174 | 7,240 | 7,414 | ||||||||||||||||||||||||||
Total Consumer | 345 | 36 | 145 | 526 | 23,629 | 24,155 | ||||||||||||||||||||||||||
All other loans | - | - | - | - | 8,798 | 8,798 | ||||||||||||||||||||||||||
Total Other | - | - | - | - | 8,798 | 8,798 | ||||||||||||||||||||||||||
Total loans | $ | 9,335 | $ | 71 | $ | 5,096 | $ | 14,502 | $ | 1,708,823 | $ | 1,723,325 | ||||||||||||||||||||
PCI Loans | ||||||||||||||||||||||||||||||||
30-89 Days | 90+ Days | Nonaccrual | Total Past Due | Total Loans | ||||||||||||||||||||||||||||
December 31, 2014 | Past Due | Past Due | Loans | + Nonaccrual | Current | Receivable | ||||||||||||||||||||||||||
Secured by owner-occupied nonfarm nonresidential properties | $ | 285 | $ | - | $ | - | $ | 285 | $ | 17,684 | $ | 17,969 | ||||||||||||||||||||
Secured by other nonfarm nonresidential properties | - | - | - | - | 15,768 | 15,768 | ||||||||||||||||||||||||||
Other commercial and industrial | - | 13 | - | 13 | 2,806 | 2,819 | ||||||||||||||||||||||||||
Total Commercial | 285 | 13 | - | 298 | 36,258 | 36,556 | ||||||||||||||||||||||||||
Construction loans – 1 to 4 family residential | - | - | - | - | 712 | 712 | ||||||||||||||||||||||||||
Other construction and land development | - | - | - | - | 3,816 | 3,816 | ||||||||||||||||||||||||||
Total Real estate – construction | - | - | - | - | 4,528 | 4,528 | ||||||||||||||||||||||||||
Closed-end loans secured by 1 to 4 family residential properties | 2,394 | 1,396 | - | 3,790 | 22,836 | 26,626 | ||||||||||||||||||||||||||
Lines of credit secured by 1 to 4 family residential properties | 380 | 33 | - | 413 | 5,962 | 6,375 | ||||||||||||||||||||||||||
Loans secured by 5 or more family residential properties | - | - | - | - | 4,987 | 4,987 | ||||||||||||||||||||||||||
Total Real estate – mortgage | 2,774 | 1,429 | - | 4,203 | 33,785 | 37,988 | ||||||||||||||||||||||||||
Credit cards | - | - | - | - | - | - | ||||||||||||||||||||||||||
Other revolving credit plans | - | - | - | - | 27 | 27 | ||||||||||||||||||||||||||
Other consumer loans | 46 | 21 | - | 67 | 1,915 | 1,982 | ||||||||||||||||||||||||||
Total Consumer | 46 | 21 | - | 67 | 1,942 | 2,009 | ||||||||||||||||||||||||||
All other loans | - | - | - | - | - | - | ||||||||||||||||||||||||||
Total Other | - | - | - | - | - | - | ||||||||||||||||||||||||||
Total loans | $ | 3,105 | $ | 1,463 | $ | - | $ | 4,568 | $ | 76,513 | $ | 81,081 | ||||||||||||||||||||
Total Loans | ||||||||||||||||||||||||||||||||
30-89 Days | 90+ Days | Nonaccrual | Total Past Due | Total Loans | ||||||||||||||||||||||||||||
December 31, 2014 | Past Due | Past Due | Loans | + Nonaccrual | Current | Receivable | ||||||||||||||||||||||||||
Secured by owner-occupied nonfarm nonresidential properties | $ | 1,651 | $ | - | $ | 1,353 | $ | 3,004 | $ | 306,978 | $ | 309,982 | ||||||||||||||||||||
Secured by other nonfarm nonresidential properties | - | - | 237 | 237 | 426,638 | 426,875 | ||||||||||||||||||||||||||
Other commercial and industrial | 1,451 | 13 | 30 | 1,494 | 190,410 | 191,904 | ||||||||||||||||||||||||||
Total Commercial | 3,102 | 13 | 1,620 | 4,735 | 924,026 | 928,761 | ||||||||||||||||||||||||||
Construction loans – 1 to 4 family residential | - | - | - | - | 43,681 | 43,681 | ||||||||||||||||||||||||||
Other construction and land development | 66 | - | 159 | 225 | 124,203 | 124,428 | ||||||||||||||||||||||||||
Total Real estate – construction | 66 | - | 159 | 225 | 167,884 | 168,109 | ||||||||||||||||||||||||||
Closed-end loans secured by 1 to 4 family residential properties | 5,923 | 1,431 | 1,871 | 9,225 | 397,047 | 406,272 | ||||||||||||||||||||||||||
Lines of credit secured by 1 to 4 family residential properties | 2,958 | 33 | 1,301 | 4,292 | 224,412 | 228,704 | ||||||||||||||||||||||||||
Loans secured by 5 or more family residential properties | - | - | - | - | 37,598 | 37,598 | ||||||||||||||||||||||||||
Total Real estate – mortgage | 8,881 | 1,464 | 3,172 | 13,517 | 659,057 | 672,574 | ||||||||||||||||||||||||||
Credit cards | 93 | 35 | - | 128 | 7,528 | 7,656 | ||||||||||||||||||||||||||
Other revolving credit plans | 121 | 1 | 102 | 224 | 8,888 | 9,112 | ||||||||||||||||||||||||||
Other consumer loans | 177 | 21 | 43 | 241 | 9,155 | 9,396 | ||||||||||||||||||||||||||
Total Consumer | 391 | 57 | 145 | 593 | 25,571 | 26,164 | ||||||||||||||||||||||||||
All other loans | - | - | - | - | 8,798 | 8,798 | ||||||||||||||||||||||||||
Total Other | - | - | - | - | 8,798 | 8,798 | ||||||||||||||||||||||||||
Total loans | $ | 12,440 | $ | 1,534 | $ | 5,096 | $ | 19,070 | $ | 1,785,336 | $ | 1,804,406 | ||||||||||||||||||||
Troubled Debt Restructurings | The following table provides information about TDRs restructured during the current and prior year period (dollars in thousands): | |||||||||||||||||||||||||||||||
Restructurings During the Three Months Ended | Restructurings During the Three Months Ended | |||||||||||||||||||||||||||||||
March 31, 2015 | March 31, 2014 | |||||||||||||||||||||||||||||||
Number | Pre- | Post- | Number | Pre- | Post- | |||||||||||||||||||||||||||
of | Restructuring | Restructuring | of | Restructuring | Restructuring | |||||||||||||||||||||||||||
Contracts | Outstanding | Outstanding | Contracts | Outstanding | Outstanding | |||||||||||||||||||||||||||
Recorded | Recorded | Recorded | Recorded | |||||||||||||||||||||||||||||
Investment | Investment | Investment | Investment | |||||||||||||||||||||||||||||
TDRs: | ||||||||||||||||||||||||||||||||
Real estate – mortgage | - | $ | - | $ | - | 2 | $ | 51 | $ | 51 | ||||||||||||||||||||||
Total | - | $ | - | $ | - | 2 | $ | 51 | $ | 51 | ||||||||||||||||||||||
Interest and Other Income | Three Months Ended | Three Months Ended | ||||||||||||||||||||||||||||||
March 31, 2015 | March 31, 2014 | |||||||||||||||||||||||||||||||
Recognized | Received | Recognized | Received | |||||||||||||||||||||||||||||
Interest Income: | ||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | - | $ | 3 | $ | 3 | ||||||||||||||||||||||||
Real estate – construction | - | - | 2 | 2 | ||||||||||||||||||||||||||||
Real estate – mortgage | 20 | 21 | 16 | 16 | ||||||||||||||||||||||||||||
Total | $ | 20 | $ | 21 | $ | 21 | $ | 21 | ||||||||||||||||||||||||
Impaired Financing Receivables | Loans specifically identified and evaluated for levels of impairment totaled $3.7 million and $4.2 million at March 31, 2015 and December 31, 2014, respectively, as detailed in the following tables (dollars in thousands). | |||||||||||||||||||||||||||||||
Impaired Loans | ||||||||||||||||||||||||||||||||
Unpaid | Average | Interest | ||||||||||||||||||||||||||||||
Recorded | Principal | Specific | Recorded | Income | ||||||||||||||||||||||||||||
Balance | Balance | Allowance | Investment | Recognized | ||||||||||||||||||||||||||||
At March 31, 2015 | ||||||||||||||||||||||||||||||||
Loans without a specific valuation allowance | ||||||||||||||||||||||||||||||||
Commercial | $ | 329 | $ | 329 | $ | - | $ | 331 | $ | 3 | ||||||||||||||||||||||
Real estate – construction | 446 | 446 | - | 463 | 8 | |||||||||||||||||||||||||||
Real estate – mortgage | 352 | 372 | - | 431 | 6 | |||||||||||||||||||||||||||
Consumer | 5 | 6 | - | 5 | - | |||||||||||||||||||||||||||
Total | 1,132 | 1,153 | - | 1,230 | 17 | |||||||||||||||||||||||||||
Loans with a specific valuation allowance | ||||||||||||||||||||||||||||||||
Commercial | 552 | 659 | 165 | 551 | 3 | |||||||||||||||||||||||||||
Real estate – construction | 145 | 145 | 51 | 184 | 3 | |||||||||||||||||||||||||||
Real estate – mortgage | 1,862 | 1,862 | 257 | 1,874 | 17 | |||||||||||||||||||||||||||
Consumer | 10 | 10 | 1 | 11 | - | |||||||||||||||||||||||||||
Total | 2,569 | 2,676 | 474 | 2,620 | 23 | |||||||||||||||||||||||||||
Total impaired loans | ||||||||||||||||||||||||||||||||
Commercial | 881 | 988 | 165 | 882 | 6 | |||||||||||||||||||||||||||
Real estate – construction | 591 | 591 | 51 | 647 | 11 | |||||||||||||||||||||||||||
Real estate – mortgage | 2,214 | 2,234 | 257 | 2,305 | 23 | |||||||||||||||||||||||||||
Consumer | 15 | 16 | 1 | 16 | - | |||||||||||||||||||||||||||
Total | $ | 3,701 | $ | 3,829 | $ | 474 | $ | 3,850 | $ | 40 | ||||||||||||||||||||||
Impaired Loans | ||||||||||||||||||||||||||||||||
Unpaid | Average | Interest | ||||||||||||||||||||||||||||||
Recorded | Principal | Specific | Recorded | Income | ||||||||||||||||||||||||||||
Balance | Balance | Allowance | Investment | Recognized | ||||||||||||||||||||||||||||
At December 31, 2014 | ||||||||||||||||||||||||||||||||
Loans without a specific valuation allowance | ||||||||||||||||||||||||||||||||
Commercial | $ | 283 | $ | 283 | $ | - | $ | 342 | $ | 22 | ||||||||||||||||||||||
Real estate – construction | 453 | 453 | - | 480 | 32 | |||||||||||||||||||||||||||
Real estate – mortgage | 361 | 381 | - | 454 | 36 | |||||||||||||||||||||||||||
Consumer | 17 | 17 | - | 18 | 1 | |||||||||||||||||||||||||||
Total | 1,114 | 1,134 | - | 1,294 | 91 | |||||||||||||||||||||||||||
Loans with a specific valuation allowance | ||||||||||||||||||||||||||||||||
Commercial | 1,087 | 1,194 | 588 | 1,409 | 78 | |||||||||||||||||||||||||||
Real estate – construction | 148 | 148 | 53 | 186 | 11 | |||||||||||||||||||||||||||
Real estate – mortgage | 1,878 | 1,878 | 264 | 1,913 | 71 | |||||||||||||||||||||||||||
Consumer | - | - | - | - | - | |||||||||||||||||||||||||||
Total | 3,113 | 3,220 | 905 | 3,508 | 160 | |||||||||||||||||||||||||||
Total impaired loans | ||||||||||||||||||||||||||||||||
Commercial | 1,370 | 1,477 | 588 | 1,751 | 100 | |||||||||||||||||||||||||||
Real estate – construction | 601 | 601 | 53 | 666 | 43 | |||||||||||||||||||||||||||
Real estate – mortgage | 2,239 | 2,259 | 264 | 2,367 | 107 | |||||||||||||||||||||||||||
Consumer | 17 | 17 | - | 18 | 1 | |||||||||||||||||||||||||||
Total | $ | 4,227 | $ | 4,354 | $ | 905 | $ | 4,802 | $ | 251 | ||||||||||||||||||||||
Schedule Of Allowance For Credit Losses and Recorded Investment In Loans | The balance in the allowance for credit losses and the recorded investment in loans by portfolio segment and based on the reserving method for the quarter ended March 31, 2015, the year ended December 31, 2014 and the quarter ended March 31, 2014 were as follows: | |||||||||||||||||||||||||||||||
Real Estate - | Real Estate - | Total | ||||||||||||||||||||||||||||||
Allowance for credit losses: | Commercial | Construction | Mortgage | Consumer | Other | Allowance | ||||||||||||||||||||||||||
31-Mar-15 | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 165 | $ | 51 | $ | 257 | $ | 1 | $ | - | $ | 474 | ||||||||||||||||||||
Collectively evaluated for impairment | 10,309 | 1,954 | 8,614 | 381 | 102 | 21,360 | ||||||||||||||||||||||||||
PCI | - | - | 41 | 3 | - | 44 | ||||||||||||||||||||||||||
Total ending allowance | $ | 10,474 | $ | 2,005 | $ | 8,912 | $ | 385 | $ | 102 | $ | 21,878 | ||||||||||||||||||||
Allowance for credit losses as a percentage of recorded investment | 1.04 | % | 1.06 | % | 1.25 | % | 1.51 | % | 1.13 | % | 1.12 | % | ||||||||||||||||||||
31-Dec-14 | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 588 | $ | 53 | $ | 264 | $ | - | $ | - | $ | 905 | ||||||||||||||||||||
Collectively evaluated for impairment | 10,567 | 1,931 | 8,195 | 421 | 93 | 21,207 | ||||||||||||||||||||||||||
PCI | - | - | - | - | - | - | ||||||||||||||||||||||||||
Total ending allowance | $ | 11,155 | $ | 1,984 | $ | 8,459 | $ | 421 | $ | 93 | $ | 22,112 | ||||||||||||||||||||
Allowance for credit losses as a percentage of recorded investment | 1.2 | % | 1.18 | % | 1.26 | % | 1.61 | % | 1.06 | % | 1.23 | % | ||||||||||||||||||||
31-Mar-14 | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 280 | $ | 8 | $ | 1,031 | $ | - | $ | - | $ | 1,319 | ||||||||||||||||||||
Collectively evaluated for impairment | 11,067 | 1,845 | 9,652 | 462 | 90 | 23,116 | ||||||||||||||||||||||||||
PCI | - | - | - | - | - | - | ||||||||||||||||||||||||||
Total ending allowance | $ | 11,347 | $ | 1,853 | $ | 10,683 | $ | 462 | $ | 90 | $ | 24,435 | ||||||||||||||||||||
Allowance for credit losses as a percentage of recorded investment | 1.66 | % | 1.6 | % | 1.75 | % | 1.84 | % | 1.13 | % | 1.69 | % | ||||||||||||||||||||
Real Estate - | Real Estate - | Total | ||||||||||||||||||||||||||||||
Recorded investment in loans: | Commercial | Construction | Mortgage | Consumer | Other | Loans | ||||||||||||||||||||||||||
31-Mar-15 | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 881 | $ | 591 | $ | 2,214 | $ | 15 | $ | - | $ | 3,701 | ||||||||||||||||||||
Collectively evaluated for impairment | 965,407 | 184,344 | 668,841 | 23,606 | 9,058 | 1,851,256 | ||||||||||||||||||||||||||
PCI | 45,098 | 4,857 | 41,165 | 1,955 | - | 93,075 | ||||||||||||||||||||||||||
Total recorded investment in loans | $ | 1,011,386 | $ | 189,792 | $ | 712,220 | $ | 25,576 | $ | 9,058 | $ | 1,948,032 | ||||||||||||||||||||
31-Dec-14 | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,370 | $ | 601 | $ | 2,239 | $ | 17 | $ | - | $ | 4,227 | ||||||||||||||||||||
Collectively evaluated for impairment | 890,835 | 162,980 | 632,347 | 24,138 | 8,798 | 1,719,098 | ||||||||||||||||||||||||||
PCI | 36,556 | 4,528 | 37,988 | 2,009 | - | 81,081 | ||||||||||||||||||||||||||
Total recorded investment in loans | $ | 928,761 | $ | 168,109 | $ | 672,574 | $ | 26,164 | $ | 8,798 | $ | 1,804,406 | ||||||||||||||||||||
31-Mar-14 | ||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,244 | $ | 625 | $ | 5,085 | $ | - | $ | - | $ | 8,954 | ||||||||||||||||||||
Collectively evaluated for impairment | 664,699 | 111,226 | 575,485 | 22,918 | 7,991 | 1,382,319 | ||||||||||||||||||||||||||
PCI | 16,700 | 3,897 | 29,795 | 2,176 | - | 52,568 | ||||||||||||||||||||||||||
Total recorded investment in loans | $ | 684,643 | $ | 115,748 | $ | 610,365 | $ | 25,094 | $ | 7,991 | $ | 1,443,841 | ||||||||||||||||||||
Financing Receivable Credit Quality Indicators | The following table summarizes, by internally assigned risk grade, the risk grade for loans for which the Company has assigned a risk grade (dollars in thousands). | |||||||||||||||||||||||||||||||
March 31, | December 31, | |||||||||||||||||||||||||||||||
2015 | 2014 | |||||||||||||||||||||||||||||||
Special | Sub- | Special | Sub- | |||||||||||||||||||||||||||||
Loans – excluding PCI | Pass | Mention | standard | Doubtful | Total | Pass | Mention | standard | Doubtful | Total | ||||||||||||||||||||||
Commercial | $ | 927,763 | $ | 26,261 | $ | 10,640 | $ | 33 | $ | 964,697 | $ | 858,218 | $ | 18,578 | $ | 12,717 | $ | 969 | $ | 890,482 | ||||||||||||
Real estate – construction | 169,432 | 948 | 88 | 58 | 170,526 | 148,226 | 1,144 | 88 | 60 | 149,518 | ||||||||||||||||||||||
Real estate – mortgage | 123,568 | 4,321 | 1,517 | - | 129,406 | 99,200 | 4,794 | 1,987 | - | 105,981 | ||||||||||||||||||||||
Consumer | 430 | - | - | - | 430 | 928 | - | - | - | 928 | ||||||||||||||||||||||
Other | 8,182 | 877 | - | - | 9,059 | 7,646 | 1,152 | - | - | 8,798 | ||||||||||||||||||||||
Total | $ | 1,229,375 | $ | 32,407 | $ | 12,245 | $ | 91 | $ | 1,274,118 | $ | 1,114,218 | $ | 25,668 | $ | 14,792 | $ | 1, 029 | $ | 1,155,707 | ||||||||||||
March 31, | December 31, | |||||||||||||||||||||||||||||||
2015 | 2014 | |||||||||||||||||||||||||||||||
Special | Sub- | Special | Sub- | |||||||||||||||||||||||||||||
PCI loans | Pass(1) | Mention | standard | Doubtful | Total | Pass | Mention | standard | Doubtful | Total | ||||||||||||||||||||||
Commercial | $ | 32,541 | $ | 8,637 | $ | 3,765 | $ | - | $ | 44,943 | $ | 27,766 | $ | 5,345 | $ | 3,205 | $ | - | $ | 36,316 | ||||||||||||
Real estate – construction | 2,959 | 1,419 | 335 | - | 4,713 | 2,838 | 1,248 | 339 | - | 4,425 | ||||||||||||||||||||||
Real estate – mortgage | 14,563 | 4,313 | 1,482 | - | 20,358 | 11,246 | 3,811 | 1,627 | - | 16,684 | ||||||||||||||||||||||
Consumer | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
Other | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
Total | $ | 50,063 | $ | 14,369 | $ | 5,582 | $ | - | $ | 70,014 | $ | 41,850 | $ | 10,404 | $ | 5,171 | $ | - | $ | 57,425 | ||||||||||||
March 31, | December 31, | |||||||||||||||||||||||||||||||
2015 | 2014 | |||||||||||||||||||||||||||||||
Special | Sub- | Special | Sub- | |||||||||||||||||||||||||||||
Total loans | Pass | Mention | standard | Doubtful | Total | Pass | Mention | standard | Doubtful | Total | ||||||||||||||||||||||
Commercial | $ | 960,304 | $ | 34,898 | $ | 14,405 | $ | 33 | $ | 1,009,640 | $ | 885,984 | $ | 23,923 | $ | 15,922 | $ | 969 | $ | 926,798 | ||||||||||||
Real estate – construction | 172,391 | 2,367 | 423 | 58 | 175,239 | 151,064 | 2,392 | 427 | 60 | 153,943 | ||||||||||||||||||||||
Real estate – mortgage | 138,131 | 8,634 | 2,999 | - | 149,764 | 110,446 | 8,605 | 3,614 | - | 122,665 | ||||||||||||||||||||||
Consumer | 430 | - | - | - | 430 | 928 | - | - | - | 928 | ||||||||||||||||||||||
Other | 8,182 | 877 | - | - | 9,059 | 7,646 | 1,152 | - | - | 8,798 | ||||||||||||||||||||||
Total | $ | 1,279,438 | $ | 46,776 | $ | 17,827 | $ | 91 | $ | 1,344,132 | $ | 1,156,068 | $ | 36,072 | $ | 19,963 | $ | 1,029 | $ | 1,213,132 | ||||||||||||
(1) PCI loans in the Pass category are in the pre-watch risk grade, which is the lowest risk grade in the Pass category. | ||||||||||||||||||||||||||||||||
Allowance For Credit Losses On Financing Receivables | An analysis of the changes in the allowance for credit losses follows (dollars in thousands): | |||||||||||||||||||||||||||||||
Beginning | Charge | Ending | ||||||||||||||||||||||||||||||
Balance | Offs | Recoveries | Provision | Balance | ||||||||||||||||||||||||||||
31-Mar-15 | ||||||||||||||||||||||||||||||||
Loans – excluding PCI | ||||||||||||||||||||||||||||||||
Commercial | $ | 11,155 | $ | 636 | $ | 260 | $ | -305 | $ | 10,474 | ||||||||||||||||||||||
Real estate – construction | 1,984 | 3 | 300 | -276 | 2,005 | |||||||||||||||||||||||||||
Real estate – mortgage | 8,459 | 407 | 145 | 674 | 8,871 | |||||||||||||||||||||||||||
Consumer | 421 | 138 | 138 | -39 | 382 | |||||||||||||||||||||||||||
Other | 93 | - | 4 | 5 | 102 | |||||||||||||||||||||||||||
Total | $ | 22,112 | $ | 1,184 | $ | 847 | $ | 59 | $ | 21,834 | ||||||||||||||||||||||
PCI loans | ||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||||||||||||||
Real estate – construction | - | - | - | - | - | |||||||||||||||||||||||||||
Real estate – mortgage | - | - | - | 41 | 41 | |||||||||||||||||||||||||||
Consumer | - | 1 | - | 4 | 3 | |||||||||||||||||||||||||||
Other | - | - | - | - | - | |||||||||||||||||||||||||||
Total | $ | - | $ | 1 | $ | - | $ | 45 | $ | 44 | ||||||||||||||||||||||
Total loans | ||||||||||||||||||||||||||||||||
Commercial | $ | 11,155 | $ | 636 | $ | 260 | $ | -305 | $ | 10,474 | ||||||||||||||||||||||
Real estate – construction | 1,984 | 3 | 300 | -276 | 2,005 | |||||||||||||||||||||||||||
Real estate – mortgage | 8,459 | 407 | 145 | 715 | 8,912 | |||||||||||||||||||||||||||
Consumer | 421 | 139 | 138 | -35 | 385 | |||||||||||||||||||||||||||
Other | 93 | - | 4 | 5 | 102 | |||||||||||||||||||||||||||
Total | $ | 22,112 | $ | 1,185 | $ | 847 | $ | 104 | $ | 21,878 | ||||||||||||||||||||||
31-Mar-14 | ||||||||||||||||||||||||||||||||
Loans – excluding PCI | ||||||||||||||||||||||||||||||||
Commercial | $ | 11,480 | $ | 133 | $ | 373 | $ | -373 | $ | 11,347 | ||||||||||||||||||||||
Real estate – construction | 2,027 | 4 | 70 | -240 | 1,853 | |||||||||||||||||||||||||||
Real estate – mortgage | 10,479 | 523 | 197 | 530 | 10,683 | |||||||||||||||||||||||||||
Consumer | 469 | 224 | 56 | 161 | 462 | |||||||||||||||||||||||||||
Other | 95 | - | 3 | -8 | 90 | |||||||||||||||||||||||||||
Total | $ | 24,550 | $ | 884 | $ | 699 | $ | 70 | $ | 24,435 | ||||||||||||||||||||||
PCI loans | ||||||||||||||||||||||||||||||||
Commercial | $ | - | $ | 52 | $ | - | $ | 52 | $ | - | ||||||||||||||||||||||
Real estate – construction | - | - | - | - | - | |||||||||||||||||||||||||||
Real estate – mortgage | - | 22 | - | 22 | - | |||||||||||||||||||||||||||
Consumer | - | - | - | - | - | |||||||||||||||||||||||||||
Other | - | - | - | - | - | |||||||||||||||||||||||||||
Total | $ | - | $ | 74 | $ | - | $ | 74 | $ | - | ||||||||||||||||||||||
Total loans | ||||||||||||||||||||||||||||||||
Commercial | $ | 11,480 | $ | 185 | $ | 373 | $ | -321 | $ | 11,347 | ||||||||||||||||||||||
Real estate – construction | 2,027 | 4 | 70 | -240 | 1,853 | |||||||||||||||||||||||||||
Real estate – mortgage | 10,479 | 545 | 197 | 552 | 10,683 | |||||||||||||||||||||||||||
Consumer | 469 | 224 | 56 | 161 | 462 | |||||||||||||||||||||||||||
Other | 95 | - | 3 | -8 | 90 | |||||||||||||||||||||||||||
Total | $ | 24,550 | $ | 958 | $ | 699 | $ | 144 | $ | 24,435 | ||||||||||||||||||||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period | In conjunction with the acquisition of Premier on February 27, 2015, the PCI loan portfolio was accounted for at fair value as follows (dollars in thousands): | |||||||||||||||||||||||||||||||
February 27, 2015 | ||||||||||||||||||||||||||||||||
Contractual principal and interest at acquisition | $ | 19,999 | ||||||||||||||||||||||||||||||
Nonaccretable difference | -821 | |||||||||||||||||||||||||||||||
Expected cash flows at acquisition | 19,178 | |||||||||||||||||||||||||||||||
Accretable yield | -3,040 | |||||||||||||||||||||||||||||||
Basis in PCI loans at acquisition – estimated fair value | $ | 16,138 | ||||||||||||||||||||||||||||||
Schedule Of Recorded Investment Of PCI Loans | A summary of changes in the recorded investment of PCI loans for the three months ended March 31, 2015 and 2014 follows (dollars in thousands): | |||||||||||||||||||||||||||||||
2015 | 2014 | |||||||||||||||||||||||||||||||
Recorded investment, beginning of period | $ | 81,081 | $ | 56,015 | ||||||||||||||||||||||||||||
Fair value of loans acquired during the period | 16,138 | - | ||||||||||||||||||||||||||||||
Accretion | 1,186 | 627 | ||||||||||||||||||||||||||||||
Reductions for payments, sales and foreclosures | -5,330 | -4,074 | ||||||||||||||||||||||||||||||
Recorded investment, end of period | $ | 93,075 | $ | 52,568 | ||||||||||||||||||||||||||||
Outstanding principal balance, end of period | $ | 101,541 | $ | 59,071 | ||||||||||||||||||||||||||||
Summary Of Changes In The Acceptable Yield For PCI Loans | A summary of changes in the accretable yield for PCI loans for the three months ended March 31, 2015 and 2014 follows (dollars in thousands): | |||||||||||||||||||||||||||||||
2015 | 2014 | |||||||||||||||||||||||||||||||
Accretable yield, beginning of period | $ | 22,447 | $ | 14,462 | ||||||||||||||||||||||||||||
Addition from acquisition | 3,040 | - | ||||||||||||||||||||||||||||||
Accretion | -1,186 | -627 | ||||||||||||||||||||||||||||||
Reclassification from nonaccretable difference | 1,050 | 103 | ||||||||||||||||||||||||||||||
Other changes, net | -1,466 | -465 | ||||||||||||||||||||||||||||||
Accretable yield, end of period | $ | 23,885 | $ | 13,473 | ||||||||||||||||||||||||||||
Deferred_Tax_Assets_Tables
Deferred Tax Assets (Tables) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Deferred Tax Assets, Net [Abstract] | ||||||||
Schedule of Deferred Tax Assets and Liabilities | The significant components of the Company’s deferred tax assets at March 31, 2015 and December 31, 2014 were as follows (dollars in thousands): | |||||||
2015 | 2014 | |||||||
Deferred tax assets: | ||||||||
Allowance for credit losses | $ | 8,368 | $ | 8,458 | ||||
Net operating losses | 20,741 | 21,554 | ||||||
Other | 13,599 | 13,420 | ||||||
Valuation allowance | -328 | -328 | ||||||
Total | 42,380 | 43,104 | ||||||
Deferred tax liabilities: | ||||||||
Net unrealized gain on available for sale securities | 3,639 | 2,904 | ||||||
Other | 7,140 | 7,067 | ||||||
Total | 10,779 | 9,971 | ||||||
Net deferred tax assets | $ | 31,601 | $ | 33,133 | ||||
Stock_Compensation_Plans_Table
Stock Compensation Plans (Tables) | 3 Months Ended | ||||||||||
Mar. 31, 2015 | |||||||||||
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract] | |||||||||||
Schedule of Nonvested Restricted Stock Units Activity | The date of grant and the fair value of these are as follows: | ||||||||||
March 31, 2015 | |||||||||||
Grant | Fair Value | ||||||||||
Type | Units | Date | Per Unit | ||||||||
Restricted stock units | 10 | 2/9/11 | $ | 5.15 | |||||||
Restricted stock units | 43,447 | 1/11/12 | 3.89 | ||||||||
Restricted stock units | 3,790 | 7/25/12 | 4.1 | ||||||||
Restricted stock units | 93,260 | 1/16/13 | 5 | ||||||||
Restricted stock units | 2,390 | 3/6/13 | 5.91 | ||||||||
Restricted stock units | 1,460 | 4/24/13 | 5.99 | ||||||||
Restricted stock units | 22,204 | 7/24/13 | 8.8 | ||||||||
Restricted stock units | 1,701 | 10/9/13 | 6.61 | ||||||||
Restricted stock units | 85,928 | 1/15/14 | 7.19 | ||||||||
Performance units | 36,301 | 7/29/14 | 7.64 | ||||||||
Performance units | 22,835 | 10/29/14 | 8.41 | ||||||||
Performance units | 134,289 | 1/28/15 | 8.1 | ||||||||
447,615 | |||||||||||
Schedule of Share-based Compensation, Stock Options, Activity | The following is a summary of stock option activity and related information for the first three months of 2015. | ||||||||||
Options | Weighted | ||||||||||
Average | |||||||||||
Exercise | |||||||||||
Price | |||||||||||
Outstanding – beginning of period | 985,071 | $ | 7.51 | ||||||||
Converted | 353,831 | 9.16 | |||||||||
Exercised | -20,000 | 6.12 | |||||||||
Forfeited | -79,578 | 16.89 | |||||||||
Outstanding – end of period | 1,239,324 | $ | 7.4 | ||||||||
Exercisable – end of period | 1,239,324 | $ | 7.4 | ||||||||
Fair_Value_of_Financial_Instru1
Fair Value of Financial Instruments (Tables) | 3 Months Ended | |||||||||||
Mar. 31, 2015 | ||||||||||||
Fair Value Of Financial Instruments [Abstract] | ||||||||||||
Fair Value, By Balance Sheet Grouping | The table below presents the estimated fair values of financial instruments as of March 31, 2015 and December 31, 2014 (dollars in thousands): | |||||||||||
March 31, 2015 | Carrying | Estimated | ||||||||||
Value | FairValue | |||||||||||
Financial assets: | ||||||||||||
Cash and cash equivalents | $ | 43,840 | $ | 43,840 | ||||||||
Investment certificates of deposit | 18,822 | 18,895 | ||||||||||
Investment securities | 536,083 | 538,618 | ||||||||||
Loans | 1,926,154 | 1,927,189 | ||||||||||
Loans held for sale | 11,739 | 11,739 | ||||||||||
Investments held in trust | 7,664 | 7,664 | ||||||||||
Interest rate swaps | 648 | 648 | ||||||||||
Financial liabilities: | ||||||||||||
Deposits | 2,026,785 | 2,028,575 | ||||||||||
Federal funds purchased | 17,380 | 17,380 | ||||||||||
Wholesale repurchase agreements | 21,000 | 22,284 | ||||||||||
Subordinated debt | 15,500 | 16,225 | ||||||||||
Junior subordinated notes | 25,774 | 19,546 | ||||||||||
Federal Home Loan Bank borrowings | 355,800 | 355,820 | ||||||||||
Non-qualified defined contribution plan liability | 7,664 | 7,664 | ||||||||||
Interest rate swaps | 361 | 361 | ||||||||||
December 31, 2014 | Carrying | Estimated | ||||||||||
Value | FairValue | |||||||||||
Financial assets: | ||||||||||||
Cash and cash equivalents | $ | 34,369 | $ | 34,369 | ||||||||
Investment certificates of deposit | 15,632 | 15,705 | ||||||||||
Investment securities | 496,798 | 498,012 | ||||||||||
Loans | 1,782,294 | 1,784,477 | ||||||||||
Loans held for sale | 6,181 | 6,181 | ||||||||||
Investments held in trust | 7,342 | 7,342 | ||||||||||
Interest rate swaps | 224 | 224 | ||||||||||
Financial liabilities: | ||||||||||||
Deposits | 1,832,564 | 1,834,333 | ||||||||||
Federal funds purchased | 29,500 | 29,500 | ||||||||||
Wholesale repurchase agreements | 21,000 | 22,252 | ||||||||||
Subordinated debt | 15,500 | 15,978 | ||||||||||
Junior subordinated notes | 25,774 | 12,515 | ||||||||||
Federal Home Loan Bank borrowings | 346,700 | 346,712 | ||||||||||
Non-qualified defined contribution plan liability | 7,342 | 7,342 | ||||||||||
Interest rate swaps | 492 | 492 | ||||||||||
Fair Value, Assets and Liabilities Measured On Recurring Basis | The table below presents the assets measured at fair value on a recurring basis categorized by the level of inputs used in the valuation of each asset (dollars in thousands): | |||||||||||
Quoted prices in active | Significant other | Significant | ||||||||||
markets for identical | observable | unobservable | ||||||||||
assets (Level 1) | inputs (Level 2) | inputs (Level 3) | ||||||||||
Assets measured at fair value | ||||||||||||
Available for sale securities: | ||||||||||||
at March 31, 2015 | $ | 4,699 | $ | 363,709 | $ | 23,637 | ||||||
at December 31, 2014 | 4,465 | 338,218 | 23,414 | |||||||||
Investments held in trust: | ||||||||||||
at March 31, 2015 | 7,664 | - | - | |||||||||
at December 31, 2014 | 7,342 | - | - | |||||||||
Interest rate swaps: | ||||||||||||
at March 31, 2015 | - | 648 | - | |||||||||
at December 31, 2014 | - | 224 | - | |||||||||
Liabilities measured at fair value | ||||||||||||
Non-qualified defined contribution plan liability: | ||||||||||||
at March 31, 2015 | 7,664 | - | - | |||||||||
at December 31, 2014 | 7,342 | - | - | |||||||||
Interest rate swaps: | ||||||||||||
at March 31, 2015 | - | 361 | - | |||||||||
at December 31, 2014 | - | 492 | - | |||||||||
Fair Value, Assets Measured On Recurring Basis, Unobservable Input Reconciliation | The table below presents the reconciliation for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended March 31, 2015 and the year ended December 31, 2014 (dollars in thousands): | |||||||||||
Three Months | Twelve Months | |||||||||||
Ended | Ended | |||||||||||
March 31, | December 31, | |||||||||||
2015 | 2014 | |||||||||||
Available for sale securities | ||||||||||||
Beginning balance | $ | 23,414 | $ | 9,988 | ||||||||
Purchases | 1,515 | 16,947 | ||||||||||
Acquisitions | 1,147 | 3,089 | ||||||||||
Redemptions | -2,439 | -6,610 | ||||||||||
Ending balance | $ | 23,637 | $ | 23,414 | ||||||||
Fair Value Measurements, Nonrecurring | The table below presents the assets measured at fair value on a non-recurring basis categorized by the level of inputs used in the valuation of each asset (dollars in thousands): | |||||||||||
Quoted prices in active | Significant other | Significant | ||||||||||
markets for identical | observable | unobservable | ||||||||||
assets (Level 1) | inputs (Level 2) | inputs (Level 3) | ||||||||||
Loans held for sale: | ||||||||||||
at March 31, 2015 | $ | - | $ | 11,739 | $ | - | ||||||
at December 31, 2014 | - | 6,181 | - | |||||||||
Real estate acquired in settlement of loans: | ||||||||||||
at March 31, 2015 | - | - | 2,133 | |||||||||
at December 31, 2014 | - | - | 2,485 | |||||||||
Impaired loans, net of allowance: | ||||||||||||
at March 31, 2015 | - | - | 3,227 | |||||||||
at December 31, 2014 | - | - | 3,322 | |||||||||
Fair Value Inputs, Assets, Quantitative Information | The following table presents the valuation and unobservable inputs for Level 3 assets measured at fair value at March 31, 2015 (dollars in thousands): | |||||||||||
Description | Fair | Valuation | Unobservable | Range of | ||||||||
Value | Methodology | Inputs | Inputs | |||||||||
Federal Home Loan Bank stock and Federal Reserve Bank stock | $ | 23,637 | Cost | Redemption provisions | N/A | |||||||
Real estate acquired in settlement of loans | 2,133 | Appraised value | Discount to reflect current market conditions | 0.00% - 52.00% | ||||||||
Impaired loans, net of allowance | 3,227 | Appraised value | Discount to reflect current market conditions | 0.00% - 52.00% | ||||||||
Discounted cash flows | Discount rates | 3.00% - 7.50% | ||||||||||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Loss) (Tables) | 3 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) | The components of accumulated other comprehensive income, net of tax, at March 31, 2015 and December 31, 2014 are as follows (dollars in thousands): | |||||||
2015 | 2014 | |||||||
Unrealized gains on available for sale securities | $ | 5,875 | $ | 4,688 | ||||
Funded status of pension plans | -5,220 | -5,220 | ||||||
Unrecognized gains (losses) on cash flow hedges | 183 | -163 | ||||||
Total accumulated other comprehensive income (loss) | $ | 838 | $ | -695 | ||||
Accumulated Other Comprehensive Income (Loss) | Reclassifications from accumulated other comprehensive income (loss) for the three-month periods ended March 31, 2015 and 2014 are as follows (dollars in thousands): | |||||||
Details about accumulated other | Amount reclassified from | Affected line item in the Consolidated | ||||||
accumulated other | ||||||||
comprehensive income (loss) | comprehensive income (loss) | Statements of Income | ||||||
Three months ended March, 2015 | ||||||||
Unrealized gains (losses) on cash flow hedges | $ | 196 | Interest and fees on loans | |||||
-75 | Income tax expense (benefit) | |||||||
$ | 121 | Net of tax | ||||||
Total reclassifications for the period | $ | 121 | ||||||
Three months ended March 31, 2014 | ||||||||
Amortization of net actuarial loss | $ | 16 | Personnel expense | |||||
-6 | Income tax expense (benefit) | |||||||
$ | 10 | Net of tax | ||||||
Total reclassifications for the period | $ | 10 | ||||||
Business_Combinations_and_Acqu2
Business Combinations and Acquisitions (Details) (USD $) | 1 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Apr. 01, 2014 | Feb. 27, 2015 |
CapStone Bank [Member] | ||
Fair value of assets acquired | ||
Cash and cash equivalents | $6,198 | |
Investment certificates of deposit | 18,250 | |
Loans held for sale | 1,000 | |
Investment securities | 49,357 | |
Loans | 292,848 | |
Premises and equipment | 3,185 | |
Core deposit intangible | 2,490 | |
Real estate acquired in settlement of loans | 169 | |
Deferred tax assets | 3,740 | |
Other assets | 4,357 | |
Total assets acquired | 381,594 | |
Fair value of liabilities assumed | ||
Deposits | 273,665 | |
Federal Home Loan Bank borrowings | 61,268 | |
Accrued expenses and other liabilities | 1,797 | |
Total liabilities assumed | 336,730 | |
Net assets acquired | 44,864 | |
Purchase price | ||
Shares of common stock issued | 8,075,228 | |
Purchase price per share of the Company’s common stock | $7.14 | |
Company common stock issued and cash exchanged for fractional shares | 57,658 | |
Fair value of converted stock options | 4,606 | |
Total purchase price | 62,264 | |
Goodwill | 17,400 | |
Premier Commercial Bank [Member] | ||
Fair value of assets acquired | ||
Cash and cash equivalents | 8,028 | |
Investment certificates of deposit | 4,478 | |
Loans held for sale | 2,319 | |
Investment securities | 47,085 | |
Loans | 95,984 | |
Premises and equipment | 114 | |
Core deposit intangible | 970 | |
Deferred tax assets | 1,355 | |
Other assets | 1,330 | |
Total assets acquired | 161,663 | |
Fair value of liabilities assumed | ||
Deposits | 124,182 | |
Federal Home Loan Bank borrowings | 19,810 | |
Accrued expenses and other liabilities | 491 | |
Total liabilities assumed | 144,483 | |
Net assets acquired | 17,180 | |
Purchase price | ||
Shares of common stock issued | 1,735,465 | |
Purchase price per share of the Company’s common stock | $8.30 | |
Company common stock issued and cash exchanged for fractional shares | 14,405 | |
Fair value of converted stock options | 632 | |
Cash paid | 4,813 | |
Total purchase price | 19,850 | |
Goodwill | $2,670 |
Business_Combinations_and_Acqu3
Business Combinations and Acquisitions (Details 1) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Business Acquisition [Line Items] | ||
Net interest income | $22,361 | $18,052 |
Noninterest income | 4,691 | 4,904 |
Net income | $3,461 | $3,709 |
Business_Combinations_and_Acqu4
Business Combinations and Acquisitions (Details 2) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Business Acquisition [Line Items] | ||
Personnel | $10,069 | $8,341 |
Furniture and equipment | 961 | 907 |
Technology and data processing | 1,213 | 1,117 |
Legal and professional | 740 | 538 |
Other | 2,920 | 2,495 |
Total acquisition-related expense | 2,257 | 88 |
Acquisition related expense [Member] | ||
Business Acquisition [Line Items] | ||
Personnel | 1,345 | |
Furniture and equipment | 330 | |
Technology and data processing | 389 | |
Legal and professional | 158 | |
Other | 35 | |
Total acquisition-related expense | $2,257 |
Business_Combinations_and_Acqu5
Business Combinations and Acquisitions (Details Textual) (USD $) | 3 Months Ended | 1 Months Ended | ||||
Mar. 31, 2015 | Mar. 31, 2014 | Apr. 01, 2014 | Feb. 27, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | |
Business Acquisition [Line Items] | ||||||
Financing Receivable, Acquired with Deteriorated Credit Quality | $93,075,000 | $52,568,000 | $81,081,000 | |||
Business Combination, Acquired Receivables, Estimated Uncollectible | 2,500,000 | 1,400,000 | ||||
Business Combination, Acquisition Related Costs | 2,257,000 | 88,000 | ||||
CapStone Bank [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 8,075,228 | |||||
Share Price | $7.14 | |||||
Business Acquisition Equity Interests Issued Or Issuable For Each Share Of Common Stock | 2.25 | |||||
Common Stock, Shares, Outstanding | 3,589,028 | |||||
Business Acquisition, Share Price | $16.07 | |||||
Business Combination, Consideration Transferred | 62,300,000 | |||||
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Real Estate Acquired Through Foreclosure | 169,000 | |||||
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Assets Liabilities Net | 3,740,000 | |||||
CapStone Bank [Member] | Subsequent Adjustments [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Real Estate Acquired Through Foreclosure | 5,000 | |||||
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Assets Liabilities Net | 509,000 | |||||
CapStone Bank [Member] | Employee Stock Option [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 617,270 | |||||
Business Combination, Consideration Transferred | 4,600,000 | |||||
PCI Loans [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Financing Receivable, Acquired with Deteriorated Credit Quality | 65,800,000 | 16,100,000 | ||||
Business Combination, Acquired Receivables, Gross Contractual Amount | 84,900,000 | 20,000,000 | ||||
Acquired Performing Loans [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Financing Receivable Acquired Without Deteriorated Credit Quality | 227,000,000 | 79,900,000 | ||||
Business Combination, Acquired Receivables, Gross Contractual Amount | 274,800,000 | 100,100,000 | ||||
Premier Commercial Bank [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 1,735,465 | |||||
Share Price | $8.30 | |||||
Business Acquisition Equity Interests Issued Or Issuable For Each Share Of Common Stock | 1.2019 | |||||
Common Stock, Shares, Outstanding | 1,925,247 | |||||
Business Combination, Consideration Transferred | 19,800,000 | |||||
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Assets Liabilities Net | 1,355,000 | |||||
Percentage of shares exchanged for acquirer's Class A common stock | 75.00% | |||||
Common Stock Value Exchanged For Cash | 4,800,000 | |||||
Premier Commercial Bank [Member] | Cash [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Percentage of shares exchanged for cash | 25.00% | |||||
Premier Commercial Bank [Member] | Employee Stock Option [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 294,400 | |||||
Business Combination, Consideration Transferred | $632,000 | |||||
Common Class [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Common Stock, Shares, Outstanding | 35,815,135 | 34,008,795 | ||||
Common Class [Member] | Premier Commercial Bank [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Share Price | $8.30 | |||||
Common Stock, Shares, Outstanding | 1,735,465 |
Net_Income_Per_Share_Details
Net Income Per Share (Details) (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Basic: | ||
Net income available to common shareholders (in dollars) | $3,770 | $3,114 |
Weighted average shares outstanding | 37,844,273 | 28,487,709 |
Net income per share, basic (in dollars per share) | $0.10 | $0.11 |
Diluted: | ||
Net income available to common shareholders (in dollars) | $3,770 | $3,114 |
Weighted average shares outstanding | 37,844,273 | 28,487,709 |
Effect of dilutive securities: | ||
Stock options | 317,717 | 540 |
Restricted stock units and performance units | 171,851 | 109,281 |
Weighted average shares outstanding and dilutive potential shares outstanding | 38,333,841 | 28,597,530 |
Net income per share, diluted (in dollars per share) | $0.10 | $0.11 |
Investment_Securities_Details
Investment Securities (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 | ||
Investment Securities Available for Sale | ||||
Amortized Cost | $382,530 | $358,505 | ||
Unrealized Gains | 10,752 | 9,845 | ||
Unrealized Losses | -1,237 | -2,253 | ||
Market Value | 392,045 | 366,097 | ||
Investment Securities Held to Maturity | ||||
Amortized Cost | 144,038 | 130,701 | ||
Unrealized Gains | 2,658 | 1,711 | ||
Unrealized Losses | -123 | -497 | ||
Market Value | 146,573 | 131,915 | ||
Average Yield | 3.13% | [1] | 2.89% | [1] |
Average Duration | 5.43 | [2] | 5 | [2] |
U.S. government agency securities [Member] | ||||
Investment Securities Available for Sale | ||||
Amortized Cost | 56,633 | 49,599 | ||
Unrealized Gains | 59 | 0 | ||
Unrealized Losses | -509 | -1,485 | ||
Market Value | 56,183 | 48,114 | ||
Average Yield | 2.11% | 2.05% | ||
Average Duration | 6.51 | [2] | 6.8 | [2] |
Investment Securities Held to Maturity | ||||
Amortized Cost | 29,783 | 32,772 | ||
Unrealized Gains | 150 | 95 | ||
Unrealized Losses | -102 | -416 | ||
Market Value | 29,831 | 32,451 | ||
Average Yield | 2.17% | 2.16% | ||
Average Duration | 4.45 | [2] | 4.75 | [2] |
Agency mortgage backed securities [Member] | ||||
Investment Securities Available for Sale | ||||
Amortized Cost | 30,160 | 19,314 | ||
Unrealized Gains | 1,366 | 1,255 | ||
Unrealized Losses | 0 | 0 | ||
Market Value | 31,526 | 20,569 | ||
Average Yield | 3.02% | 3.78% | ||
Average Duration | 3.59 | [2] | 3.46 | [2] |
Investment Securities Held to Maturity | ||||
Amortized Cost | 52,466 | 54,339 | ||
Unrealized Gains | 1,751 | 1,352 | ||
Unrealized Losses | 0 | 0 | ||
Market Value | 54,217 | 55,691 | ||
Average Yield | 2.56% | 2.58% | ||
Average Duration | 4.76 | [2] | 4.43 | [2] |
Collateralized mortgage obligations [Member] | ||||
Investment Securities Available for Sale | ||||
Amortized Cost | 9,833 | 10,492 | ||
Unrealized Gains | 262 | 217 | ||
Unrealized Losses | 0 | 0 | ||
Market Value | 10,095 | 10,709 | ||
Average Yield | 3.82% | 3.81% | ||
Average Duration | 3.55 | [2] | 3.72 | [2] |
Commercial mortgage backed securities [Member] | ||||
Investment Securities Available for Sale | ||||
Amortized Cost | 33,371 | 33,646 | ||
Unrealized Gains | 1,273 | 1,179 | ||
Unrealized Losses | 0 | 0 | ||
Market Value | 34,644 | 34,825 | ||
Average Yield | 3.39% | 3.40% | ||
Average Duration | 2.41 | [2] | 2.62 | [2] |
Corporate bonds [Member] | ||||
Investment Securities Available for Sale | ||||
Amortized Cost | 135,761 | 128,798 | ||
Unrealized Gains | 4,181 | 3,612 | ||
Unrealized Losses | -663 | -535 | ||
Market Value | 139,279 | 131,875 | ||
Average Yield | 3.72% | 3.78% | ||
Average Duration | 2.84 | [2] | 3.5 | [2] |
Investment Securities Held to Maturity | ||||
Amortized Cost | 28,653 | 23,455 | ||
Unrealized Gains | 297 | 123 | ||
Unrealized Losses | -21 | -64 | ||
Market Value | 28,929 | 23,514 | ||
Average Yield | 2.71% | 2.72% | ||
Average Duration | 3.97 | [2] | 4.19 | [2] |
Covered Bonds [Member] | ||||
Investment Securities Available for Sale | ||||
Amortized Cost | 49,985 | 49,976 | ||
Unrealized Gains | 1,831 | 2,017 | ||
Unrealized Losses | 0 | -73 | ||
Market Value | 51,816 | 51,920 | ||
Average Yield | 3.48% | 3.49% | ||
Average Duration | 1.75 | [2] | 1.98 | [2] |
Investment Securities Held to Maturity | ||||
Amortized Cost | 4,985 | 4,984 | ||
Unrealized Gains | 75 | 25 | ||
Unrealized Losses | 0 | 0 | ||
Market Value | 5,060 | 5,009 | ||
Average Yield | 2.08% | 2.08% | ||
Average Duration | 3.71 | [2] | 3.92 | [2] |
Subordinated debt issues [Member] | ||||
Investment Securities Held to Maturity | ||||
Amortized Cost | 27,000 | 14,000 | ||
Unrealized Gains | 327 | 50 | ||
Unrealized Losses | 0 | -17 | ||
Market Value | 27,327 | 14,033 | ||
Average Yield | 5.88% | 6.26% | ||
Average Duration | 9.47 | [2] | 9.35 | [2] |
State and municipal obligations [Member] | ||||
Investment Securities Available for Sale | ||||
Amortized Cost | 33,814 | 33,930 | ||
Unrealized Gains | 1,231 | 1,204 | ||
Unrealized Losses | -2 | -4 | ||
Market Value | 35,043 | 35,130 | ||
Average Yield | 5.02% | [1] | 5.17% | [1] |
Average Duration | 3.55 | [2] | 3.75 | [2] |
Investment Securities Held to Maturity | ||||
Amortized Cost | 1,151 | 1,151 | ||
Unrealized Gains | 58 | 66 | ||
Unrealized Losses | 0 | 0 | ||
Market Value | 1,209 | 1,217 | ||
Average Yield | 4.28% | [1] | 4.28% | [1] |
Average Duration | 7.42 | [2] | 7.6 | [2] |
Total debt securities [Member] | ||||
Investment Securities Available for Sale | ||||
Amortized Cost | 349,557 | 325,755 | ||
Unrealized Gains | 10,203 | 9,484 | ||
Unrealized Losses | -1,174 | -2,097 | ||
Market Value | 358,586 | 333,142 | ||
Average Yield | 3.46% | [1] | 3.58% | [1] |
Average Duration | 3.39 | [2] | 3.71 | [2] |
Federal Home Loan Bank stock [Member] | ||||
Investment Securities Available for Sale | ||||
Amortized Cost | 17,540 | 17,712 | ||
Unrealized Gains | 0 | 0 | ||
Unrealized Losses | 0 | 0 | ||
Market Value | 17,540 | 17,712 | ||
Federal Reserve Bank Stock [Member] | ||||
Investment Securities Available for Sale | ||||
Amortized Cost | 6,097 | 5,702 | ||
Unrealized Gains | 0 | 0 | ||
Unrealized Losses | 0 | 0 | ||
Market Value | 6,097 | 5,702 | ||
Other equity securities [Member] | ||||
Investment Securities Available for Sale | ||||
Amortized Cost | 9,336 | 9,336 | ||
Unrealized Gains | 549 | 361 | ||
Unrealized Losses | -63 | -156 | ||
Market Value | $9,822 | $9,541 | ||
[1] | Fully taxable-equivalent basis. | |||
[2] | Average remaining duration to maturity, in years |
Investment_Securities_Details_
Investment Securities (Details 1) (USD $) | 3 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2015 |
Investment Securities Loss Position, Market value | |
Fair value Less than 12 months | $40,818 |
Fair value 12 months or more | 42,628 |
Fair value Total | 83,446 |
Investment Securities Unrealized losses Position | |
Unrealized losses Less than 12 months | -807 |
Unrealized losses 12 months or more | -553 |
Unrealized Losses Total | -1,360 |
U.S. government agency securities [Member] | |
Investment Securities Loss Position, Market value | |
Fair value Less than 12 months | 20,849 |
Fair value 12 months or more | 40,613 |
Fair value Total | 61,462 |
Investment Securities Unrealized losses Position | |
Unrealized losses Less than 12 months | -119 |
Unrealized losses 12 months or more | -492 |
Unrealized Losses Total | -611 |
Corporate bonds [Member] | |
Investment Securities Loss Position, Market value | |
Fair value Less than 12 months | 18,945 |
Fair value 12 months or more | 0 |
Fair value Total | 18,945 |
Investment Securities Unrealized losses Position | |
Unrealized losses Less than 12 months | -684 |
Unrealized losses 12 months or more | 0 |
Unrealized Losses Total | -684 |
State and municipal obligations [Member] | |
Investment Securities Loss Position, Market value | |
Fair value Less than 12 months | 0 |
Fair value 12 months or more | 177 |
Fair value Total | 177 |
Investment Securities Unrealized losses Position | |
Unrealized losses Less than 12 months | 0 |
Unrealized losses 12 months or more | -2 |
Unrealized Losses Total | -2 |
Equity securities [Member] | |
Investment Securities Loss Position, Market value | |
Fair value Less than 12 months | 1,024 |
Fair value 12 months or more | 1,838 |
Fair value Total | 2,862 |
Investment Securities Unrealized losses Position | |
Unrealized losses Less than 12 months | -4 |
Unrealized losses 12 months or more | -59 |
Unrealized Losses Total | ($63) |
Investment_Securities_Details_1
Investment Securities (Details Textual) (USD $) | 3 Months Ended | |
In Millions, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized cost of pledged investment securities | $172.80 | $170 |
Letters of credit | 30 | |
Available For Sale Securities Sold Book Value | $25.90 | |
Held-to-maturity, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 7 | |
Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 19 | |
Equity Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 3 |
Loans_and_Allowance_for_Credit2
Loans and Allowance for Credit Losses (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 |
In Thousands, unless otherwise specified | |||
Loans Receivable, Net | |||
Total loans | $1,948,032 | $1,804,406 | $1,443,841 |
Commercial [Member] | |||
Loans Receivable, Net | |||
Total Commercial | 1,011,386 | 928,761 | |
Commercial [Member] | Loans Excluding PCI [Member] | |||
Loans Receivable, Net | |||
Total Commercial | 966,288 | 892,205 | |
Commercial [Member] | PCI Loans [Member] | |||
Loans Receivable, Net | |||
Total Commercial | 45,098 | 36,556 | |
Real estate - construction [Member] | |||
Loans Receivable, Net | |||
Total Real estate - construction | 189,792 | 168,109 | |
Real estate - construction [Member] | Loans Excluding PCI [Member] | |||
Loans Receivable, Net | |||
Total Real estate - construction | 184,935 | 163,581 | |
Real estate - construction [Member] | PCI Loans [Member] | |||
Loans Receivable, Net | |||
Total Real estate - construction | 4,857 | 4,528 | |
Real estate - mortgage [Member] | |||
Loans Receivable, Net | |||
Total Real estate - mortgage | 712,220 | 672,574 | |
Real estate - mortgage [Member] | Loans Excluding PCI [Member] | |||
Loans Receivable, Net | |||
Total Real estate - mortgage | 671,055 | 634,586 | |
Real estate - mortgage [Member] | PCI Loans [Member] | |||
Loans Receivable, Net | |||
Total Real estate - mortgage | 41,165 | 37,988 | |
Consumer [Member] | |||
Loans Receivable, Net | |||
Total Consumer | 25,576 | 26,164 | |
Consumer [Member] | Loans Excluding PCI [Member] | |||
Loans Receivable, Net | |||
Total Consumer | 23,621 | 24,155 | |
Consumer [Member] | PCI Loans [Member] | |||
Loans Receivable, Net | |||
Total Consumer | 1,955 | 2,009 | |
Total Other [Member] | |||
Loans Receivable, Net | |||
Total Other | 9,058 | 8,798 | |
Total Other [Member] | Loans Excluding PCI [Member] | |||
Loans Receivable, Net | |||
Total Other | 9,058 | 8,798 | |
Total Other [Member] | PCI Loans [Member] | |||
Loans Receivable, Net | |||
Total Other | 0 | 0 | |
Secured by owner-occupied nonfarm nonresidential properties [Member] | Commercial [Member] | |||
Loans Receivable, Net | |||
Total Commercial | 328,872 | 309,982 | |
Secured by owner-occupied nonfarm nonresidential properties [Member] | Commercial [Member] | Loans Excluding PCI [Member] | |||
Loans Receivable, Net | |||
Total Commercial | 307,797 | 292,013 | |
Secured by owner-occupied nonfarm nonresidential properties [Member] | Commercial [Member] | PCI Loans [Member] | |||
Loans Receivable, Net | |||
Total Commercial | 21,075 | 17,969 | |
Secured by other nonfarm nonresidential properties [Member] | Commercial [Member] | |||
Loans Receivable, Net | |||
Total Commercial | 462,761 | 426,875 | |
Secured by other nonfarm nonresidential properties [Member] | Commercial [Member] | Loans Excluding PCI [Member] | |||
Loans Receivable, Net | |||
Total Commercial | 444,759 | 411,107 | |
Secured by other nonfarm nonresidential properties [Member] | Commercial [Member] | PCI Loans [Member] | |||
Loans Receivable, Net | |||
Total Commercial | 18,002 | 15,768 | |
Other commercial and industrial [Member] | Commercial [Member] | |||
Loans Receivable, Net | |||
Total Commercial | 219,753 | 191,904 | |
Other commercial and industrial [Member] | Commercial [Member] | Loans Excluding PCI [Member] | |||
Loans Receivable, Net | |||
Total Commercial | 213,732 | 189,085 | |
Other commercial and industrial [Member] | Commercial [Member] | PCI Loans [Member] | |||
Loans Receivable, Net | |||
Total Commercial | 6,021 | 2,819 | |
Construction loans - 1 to 4 family residential [Member] | Real estate - construction [Member] | |||
Loans Receivable, Net | |||
Total Real estate - construction | 41,314 | 43,681 | |
Construction loans - 1 to 4 family residential [Member] | Real estate - construction [Member] | Loans Excluding PCI [Member] | |||
Loans Receivable, Net | |||
Total Real estate - construction | 40,305 | 42,969 | |
Construction loans - 1 to 4 family residential [Member] | Real estate - construction [Member] | PCI Loans [Member] | |||
Loans Receivable, Net | |||
Total Real estate - construction | 1,009 | 712 | |
Other construction and land development [Member] | Real estate - construction [Member] | |||
Loans Receivable, Net | |||
Total Real estate - construction | 148,478 | 124,428 | |
Other construction and land development [Member] | Real estate - construction [Member] | Loans Excluding PCI [Member] | |||
Loans Receivable, Net | |||
Total Real estate - construction | 144,630 | 120,612 | |
Other construction and land development [Member] | Real estate - construction [Member] | PCI Loans [Member] | |||
Loans Receivable, Net | |||
Total Real estate - construction | 3,848 | 3,816 | |
Closed-end loans secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | |||
Loans Receivable, Net | |||
Total Real estate - mortgage | 423,289 | 406,272 | |
Closed-end loans secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Loans Excluding PCI [Member] | |||
Loans Receivable, Net | |||
Total Real estate - mortgage | 395,200 | 379,646 | |
Closed-end loans secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | PCI Loans [Member] | |||
Loans Receivable, Net | |||
Total Real estate - mortgage | 28,089 | 26,626 | |
Lines of credit secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | |||
Loans Receivable, Net | |||
Total Real estate - mortgage | 234,945 | 228,704 | |
Lines of credit secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Loans Excluding PCI [Member] | |||
Loans Receivable, Net | |||
Total Real estate - mortgage | 228,621 | 222,329 | |
Lines of credit secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | PCI Loans [Member] | |||
Loans Receivable, Net | |||
Total Real estate - mortgage | 6,324 | 6,375 | |
Loans secured by 5 or more family residential properties [Member] | Real estate - mortgage [Member] | |||
Loans Receivable, Net | |||
Total Real estate - mortgage | 53,986 | 37,598 | |
Loans secured by 5 or more family residential properties [Member] | Real estate - mortgage [Member] | Loans Excluding PCI [Member] | |||
Loans Receivable, Net | |||
Total Real estate - mortgage | 47,234 | 32,611 | |
Loans secured by 5 or more family residential properties [Member] | Real estate - mortgage [Member] | PCI Loans [Member] | |||
Loans Receivable, Net | |||
Total Real estate - mortgage | 6,752 | 4,987 | |
Credit cards [member] | Consumer [Member] | |||
Loans Receivable, Net | |||
Total Consumer | 7,456 | 7,656 | |
Credit cards [member] | Consumer [Member] | Loans Excluding PCI [Member] | |||
Loans Receivable, Net | |||
Total Consumer | 7,456 | 7,656 | |
Credit cards [member] | Consumer [Member] | PCI Loans [Member] | |||
Loans Receivable, Net | |||
Total Consumer | 0 | 0 | |
Other revolving credit plans [member] | Consumer [Member] | |||
Loans Receivable, Net | |||
Total Consumer | 9,769 | 9,112 | |
Other revolving credit plans [member] | Consumer [Member] | Loans Excluding PCI [Member] | |||
Loans Receivable, Net | |||
Total Consumer | 9,744 | 9,085 | |
Other revolving credit plans [member] | Consumer [Member] | PCI Loans [Member] | |||
Loans Receivable, Net | |||
Total Consumer | 25 | 27 | |
Other consumer loans [member] | Consumer [Member] | |||
Loans Receivable, Net | |||
Total Consumer | 8,351 | 9,396 | |
Other consumer loans [member] | Consumer [Member] | Loans Excluding PCI [Member] | |||
Loans Receivable, Net | |||
Total Consumer | 6,421 | 7,414 | |
Other consumer loans [member] | Consumer [Member] | PCI Loans [Member] | |||
Loans Receivable, Net | |||
Total Consumer | 1,930 | 1,982 | |
All other loans [Member] | Total Other [Member] | |||
Loans Receivable, Net | |||
Total Other | 9,058 | 8,798 | |
All other loans [Member] | Total Other [Member] | Loans Excluding PCI [Member] | |||
Loans Receivable, Net | |||
Total Other | 9,058 | 8,798 | |
All other loans [Member] | Total Other [Member] | PCI Loans [Member] | |||
Loans Receivable, Net | |||
Total Other | 0 | 0 | |
Total Loans [Member] | |||
Loans Receivable, Net | |||
Total loans | 1,948,032 | 1,804,406 | |
Total Loans [Member] | Loans Excluding PCI [Member] | |||
Loans Receivable, Net | |||
Total loans | 1,854,957 | 1,723,325 | |
Total Loans [Member] | PCI Loans [Member] | |||
Loans Receivable, Net | |||
Total loans | $93,075 | $81,081 |
Loans_and_Allowance_for_Credit3
Loans and Allowance for Credit Losses (Details 1) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | ||
In Thousands, unless otherwise specified | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total nonaccrual loans | $3,937 | $5,096 | ||
Total nonperforming loans | 5,941 | 7,212 | ||
Real estate acquired in settlement of loans | 2,484 | 3,057 | ||
Total nonperforming assets | 8,425 | 10,269 | ||
Restructured loans, performing | 1,045 | [1] | 1,151 | [1] |
Nonperforming loans to loans held for investment | 0.30% | 0.40% | ||
Nonperforming assets to total assets at end of period | 0.31% | 0.41% | ||
Allowance for credit losses to nonperforming loans | 368.25% | 306.60% | ||
Commercial nonaccrual loans, not restructured [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total nonaccrual loans | 1,349 | 1,620 | ||
Commercial nonaccrual loans, restructured [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total nonaccrual loans | 0 | 0 | ||
Non-commercial nonaccrual loans, not restructured [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total nonaccrual loans | 2,525 | 3,471 | ||
Non-commercial nonaccrual loans, restructured [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total nonaccrual loans | 63 | 5 | ||
Troubled debt restructured, accruing [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Troubled debt restructured, accruing | 2,004 | 2,116 | ||
Accruing loans which are contractually past due 90 days or more [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total loans past due 90 days or more and still accruing | $1,942 | [2] | $1,534 | [2] |
[1] | Loans restructured in a prior year without an interest rate concession or forgiveness of debt that are performing in accordance with their restructured terms. | |||
[2] | Loans past due 90 days or more and still accruing includes $1,934 and $1,463 of PCI loans as of March 31, 2015 and December 31, 2014, respectively. |
Loans_and_Allowance_for_Credit4
Loans and Allowance for Credit Losses (Details 2) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 |
In Thousands, unless otherwise specified | |||
Recorded investment in loans: | |||
Total loans | $1,948,032 | $1,804,406 | $1,443,841 |
Commercial [Member] | 30 - 89 Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total commercial | 1,823 | 3,102 | |
Commercial [Member] | 30 - 89 Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 1,326 | 2,817 | |
Commercial [Member] | 30 - 89 Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 497 | 285 | |
Commercial [Member] | 90+ Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total commercial | 10 | 13 | |
Commercial [Member] | 90+ Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 0 | 0 | |
Commercial [Member] | 90+ Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 10 | 13 | |
Commercial [Member] | Nonaccrual Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 1,349 | 1,620 | |
Commercial [Member] | Nonaccrual Loans [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 1,349 | 1,620 | |
Commercial [Member] | Nonaccrual Loans [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 0 | 0 | |
Commercial [Member] | Total Past Due + Nonaccrual [Member] | |||
Recorded investment in loans: | |||
Total commercial | 3,182 | 4,735 | |
Commercial [Member] | Total Past Due + Nonaccrual [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 2,675 | 4,437 | |
Commercial [Member] | Total Past Due + Nonaccrual [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 507 | 298 | |
Commercial [Member] | Current [Member] | |||
Recorded investment in loans: | |||
Total commercial | 1,008,204 | 924,026 | |
Commercial [Member] | Current [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 963,613 | 887,768 | |
Commercial [Member] | Current [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 44,591 | 36,258 | |
Commercial [Member] | Total Loans Receivable [Member] | |||
Recorded investment in loans: | |||
Total commercial | 1,011,386 | 928,761 | |
Commercial [Member] | Total Loans Receivable [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 966,288 | 892,205 | |
Commercial [Member] | Total Loans Receivable [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 45,098 | 36,556 | |
Real estate - construction [Member] | 30 - 89 Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 704 | 66 | |
Real estate - construction [Member] | 30 - 89 Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 704 | 66 | |
Real estate - construction [Member] | 30 - 89 Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 0 | 0 | |
Real estate - construction [Member] | 90+ Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 0 | 0 | |
Real estate - construction [Member] | 90+ Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 0 | 0 | |
Real estate - construction [Member] | 90+ Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 0 | 0 | |
Real estate - construction [Member] | Nonaccrual Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 61 | 159 | |
Real estate - construction [Member] | Nonaccrual Loans [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 61 | 159 | |
Real estate - construction [Member] | Nonaccrual Loans [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 0 | 0 | |
Real estate - construction [Member] | Total Past Due + Nonaccrual [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 765 | 225 | |
Real estate - construction [Member] | Total Past Due + Nonaccrual [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 765 | 225 | |
Real estate - construction [Member] | Total Past Due + Nonaccrual [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 0 | 0 | |
Real estate - construction [Member] | Current [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 189,027 | 167,884 | |
Real estate - construction [Member] | Current [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 184,170 | 163,356 | |
Real estate - construction [Member] | Current [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 4,857 | 4,528 | |
Real estate - construction [Member] | Total Loans Receivable [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 189,792 | 168,109 | |
Real estate - construction [Member] | Total Loans Receivable [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 184,935 | 163,581 | |
Real estate - construction [Member] | Total Loans Receivable [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 4,857 | 4,528 | |
Real estate - mortgage [Member] | 30 - 89 Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 6,545 | 8,881 | |
Real estate - mortgage [Member] | 30 - 89 Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 4,369 | 6,107 | |
Real estate - mortgage [Member] | 30 - 89 Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 2,176 | 2,774 | |
Real estate - mortgage [Member] | 90+ Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 1,883 | 1,464 | |
Real estate - mortgage [Member] | 90+ Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 0 | 35 | |
Real estate - mortgage [Member] | 90+ Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 1,883 | 1,429 | |
Real estate - mortgage [Member] | Nonaccrual Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 2,483 | 3,172 | |
Real estate - mortgage [Member] | Nonaccrual Loans [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 2,483 | 3,172 | |
Real estate - mortgage [Member] | Nonaccrual Loans [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 0 | 0 | |
Real estate - mortgage [Member] | Total Past Due + Nonaccrual [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 10,911 | 13,517 | |
Real estate - mortgage [Member] | Total Past Due + Nonaccrual [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 6,852 | 9,314 | |
Real estate - mortgage [Member] | Total Past Due + Nonaccrual [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 4,059 | 4,203 | |
Real estate - mortgage [Member] | Current [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 701,309 | 659,057 | |
Real estate - mortgage [Member] | Current [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 664,203 | 625,272 | |
Real estate - mortgage [Member] | Current [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 37,106 | 33,785 | |
Real estate - mortgage [Member] | Total Loans Receivable [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 712,220 | 672,574 | |
Real estate - mortgage [Member] | Total Loans Receivable [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 671,055 | 634,586 | |
Real estate - mortgage [Member] | Total Loans Receivable [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 41,165 | 37,988 | |
Consumer [Member] | |||
Recorded investment in loans: | |||
Total loans | 25,576 | 26,164 | 25,094 |
Consumer [Member] | 30 - 89 Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 100 | 391 | |
Consumer [Member] | 30 - 89 Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 100 | 345 | |
Consumer [Member] | 30 - 89 Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 0 | 46 | |
Consumer [Member] | 90+ Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 49 | 57 | |
Consumer [Member] | 90+ Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 8 | 36 | |
Consumer [Member] | 90+ Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 41 | 21 | |
Consumer [Member] | Nonaccrual Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 44 | 145 | |
Consumer [Member] | Nonaccrual Loans [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 44 | 145 | |
Consumer [Member] | Nonaccrual Loans [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 0 | 0 | |
Consumer [Member] | Total Past Due + Nonaccrual [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 193 | 593 | |
Consumer [Member] | Total Past Due + Nonaccrual [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 152 | 526 | |
Consumer [Member] | Total Past Due + Nonaccrual [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 41 | 67 | |
Consumer [Member] | Current [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 25,383 | 25,571 | |
Consumer [Member] | Current [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 23,469 | 23,629 | |
Consumer [Member] | Current [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 1,914 | 1,942 | |
Consumer [Member] | Total Loans Receivable [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 25,576 | 26,164 | |
Consumer [Member] | Total Loans Receivable [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 23,621 | 24,155 | |
Consumer [Member] | Total Loans Receivable [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 1,955 | 2,009 | |
Other [Member] | 30 - 89 Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
Other [Member] | 30 - 89 Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
Other [Member] | 30 - 89 Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
Other [Member] | 90+ Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
Other [Member] | 90+ Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
Other [Member] | 90+ Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
Other [Member] | Nonaccrual Loans [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
Other [Member] | Nonaccrual Loans [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
Other [Member] | Nonaccrual Loans [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
Other [Member] | Total Past Due + Nonaccrual [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
Other [Member] | Total Past Due + Nonaccrual [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
Other [Member] | Total Past Due + Nonaccrual [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
Other [Member] | Current [Member] | |||
Recorded investment in loans: | |||
Total Other | 9,058 | 8,798 | |
Other [Member] | Current [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Other | 9,058 | 8,798 | |
Other [Member] | Current [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
Other [Member] | Total Loans Receivable [Member] | |||
Recorded investment in loans: | |||
Total Other | 9,058 | 8,798 | |
Other [Member] | Total Loans Receivable [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Other | 9,058 | 8,798 | |
Other [Member] | Total Loans Receivable [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
Secured by owner-occupied nonfarm nonresidential properties [Member] | Commercial [Member] | 30 - 89 Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total commercial | 859 | 1,651 | |
Secured by owner-occupied nonfarm nonresidential properties [Member] | Commercial [Member] | 30 - 89 Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 362 | 1,366 | |
Secured by owner-occupied nonfarm nonresidential properties [Member] | Commercial [Member] | 30 - 89 Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 497 | 285 | |
Secured by owner-occupied nonfarm nonresidential properties [Member] | Commercial [Member] | 90+ Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total commercial | 0 | 0 | |
Secured by owner-occupied nonfarm nonresidential properties [Member] | Commercial [Member] | 90+ Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 0 | 0 | |
Secured by owner-occupied nonfarm nonresidential properties [Member] | Commercial [Member] | 90+ Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 0 | 0 | |
Secured by owner-occupied nonfarm nonresidential properties [Member] | Commercial [Member] | Nonaccrual Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 717 | 1,353 | |
Secured by owner-occupied nonfarm nonresidential properties [Member] | Commercial [Member] | Nonaccrual Loans [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 717 | 1,353 | |
Secured by owner-occupied nonfarm nonresidential properties [Member] | Commercial [Member] | Nonaccrual Loans [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 0 | 0 | |
Secured by owner-occupied nonfarm nonresidential properties [Member] | Commercial [Member] | Total Past Due + Nonaccrual [Member] | |||
Recorded investment in loans: | |||
Total commercial | 1,576 | 3,004 | |
Secured by owner-occupied nonfarm nonresidential properties [Member] | Commercial [Member] | Total Past Due + Nonaccrual [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 1,079 | 2,719 | |
Secured by owner-occupied nonfarm nonresidential properties [Member] | Commercial [Member] | Total Past Due + Nonaccrual [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 497 | 285 | |
Secured by owner-occupied nonfarm nonresidential properties [Member] | Commercial [Member] | Current [Member] | |||
Recorded investment in loans: | |||
Total commercial | 327,296 | 306,978 | |
Secured by owner-occupied nonfarm nonresidential properties [Member] | Commercial [Member] | Current [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 306,718 | 289,294 | |
Secured by owner-occupied nonfarm nonresidential properties [Member] | Commercial [Member] | Current [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 20,578 | 17,684 | |
Secured by owner-occupied nonfarm nonresidential properties [Member] | Commercial [Member] | Total Loans Receivable [Member] | |||
Recorded investment in loans: | |||
Total commercial | 328,872 | 309,982 | |
Secured by owner-occupied nonfarm nonresidential properties [Member] | Commercial [Member] | Total Loans Receivable [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 307,797 | 292,013 | |
Secured by owner-occupied nonfarm nonresidential properties [Member] | Commercial [Member] | Total Loans Receivable [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 21,075 | 17,969 | |
Secured by other nonfarm nonresidential properties [Member] | Commercial [Member] | 30 - 89 Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total commercial | 150 | 0 | |
Secured by other nonfarm nonresidential properties [Member] | Commercial [Member] | 30 - 89 Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 150 | 0 | |
Secured by other nonfarm nonresidential properties [Member] | Commercial [Member] | 30 - 89 Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 0 | 0 | |
Secured by other nonfarm nonresidential properties [Member] | Commercial [Member] | 90+ Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total commercial | 0 | 0 | |
Secured by other nonfarm nonresidential properties [Member] | Commercial [Member] | 90+ Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 0 | 0 | |
Secured by other nonfarm nonresidential properties [Member] | Commercial [Member] | 90+ Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 0 | 0 | |
Secured by other nonfarm nonresidential properties [Member] | Commercial [Member] | Nonaccrual Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 0 | 237 | |
Secured by other nonfarm nonresidential properties [Member] | Commercial [Member] | Nonaccrual Loans [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 0 | 237 | |
Secured by other nonfarm nonresidential properties [Member] | Commercial [Member] | Nonaccrual Loans [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 0 | 0 | |
Secured by other nonfarm nonresidential properties [Member] | Commercial [Member] | Total Past Due + Nonaccrual [Member] | |||
Recorded investment in loans: | |||
Total commercial | 150 | 237 | |
Secured by other nonfarm nonresidential properties [Member] | Commercial [Member] | Total Past Due + Nonaccrual [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 150 | 237 | |
Secured by other nonfarm nonresidential properties [Member] | Commercial [Member] | Total Past Due + Nonaccrual [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 0 | 0 | |
Secured by other nonfarm nonresidential properties [Member] | Commercial [Member] | Current [Member] | |||
Recorded investment in loans: | |||
Total commercial | 462,611 | 426,638 | |
Secured by other nonfarm nonresidential properties [Member] | Commercial [Member] | Current [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 444,609 | 410,870 | |
Secured by other nonfarm nonresidential properties [Member] | Commercial [Member] | Current [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 18,002 | 15,768 | |
Secured by other nonfarm nonresidential properties [Member] | Commercial [Member] | Total Loans Receivable [Member] | |||
Recorded investment in loans: | |||
Total commercial | 462,761 | 426,875 | |
Secured by other nonfarm nonresidential properties [Member] | Commercial [Member] | Total Loans Receivable [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 444,759 | 411,107 | |
Secured by other nonfarm nonresidential properties [Member] | Commercial [Member] | Total Loans Receivable [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 18,002 | 15,768 | |
Other commercial and industrial [Member] | Commercial [Member] | 30 - 89 Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total commercial | 814 | 1,451 | |
Other commercial and industrial [Member] | Commercial [Member] | 30 - 89 Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 814 | 1,451 | |
Other commercial and industrial [Member] | Commercial [Member] | 30 - 89 Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 0 | 0 | |
Other commercial and industrial [Member] | Commercial [Member] | 90+ Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total commercial | 10 | 13 | |
Other commercial and industrial [Member] | Commercial [Member] | 90+ Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 0 | 0 | |
Other commercial and industrial [Member] | Commercial [Member] | 90+ Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 10 | 13 | |
Other commercial and industrial [Member] | Commercial [Member] | Nonaccrual Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 632 | 30 | |
Other commercial and industrial [Member] | Commercial [Member] | Nonaccrual Loans [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 632 | 30 | |
Other commercial and industrial [Member] | Commercial [Member] | Nonaccrual Loans [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 0 | 0 | |
Other commercial and industrial [Member] | Commercial [Member] | Total Past Due + Nonaccrual [Member] | |||
Recorded investment in loans: | |||
Total commercial | 1,456 | 1,494 | |
Other commercial and industrial [Member] | Commercial [Member] | Total Past Due + Nonaccrual [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 1,446 | 1,481 | |
Other commercial and industrial [Member] | Commercial [Member] | Total Past Due + Nonaccrual [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 10 | 13 | |
Other commercial and industrial [Member] | Commercial [Member] | Current [Member] | |||
Recorded investment in loans: | |||
Total commercial | 218,297 | 190,410 | |
Other commercial and industrial [Member] | Commercial [Member] | Current [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 212,286 | 187,604 | |
Other commercial and industrial [Member] | Commercial [Member] | Current [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 6,011 | 2,806 | |
Other commercial and industrial [Member] | Commercial [Member] | Total Loans Receivable [Member] | |||
Recorded investment in loans: | |||
Total commercial | 219,753 | 191,904 | |
Other commercial and industrial [Member] | Commercial [Member] | Total Loans Receivable [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total commercial | 213,732 | 189,085 | |
Other commercial and industrial [Member] | Commercial [Member] | Total Loans Receivable [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total commercial | 6,021 | 2,819 | |
Construction loans - 1 to 4 family residential [Member] | Real estate - construction [Member] | 30 - 89 Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 164 | 0 | |
Construction loans - 1 to 4 family residential [Member] | Real estate - construction [Member] | 30 - 89 Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 164 | 0 | |
Construction loans - 1 to 4 family residential [Member] | Real estate - construction [Member] | 30 - 89 Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 0 | 0 | |
Construction loans - 1 to 4 family residential [Member] | Real estate - construction [Member] | 90+ Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 0 | 0 | |
Construction loans - 1 to 4 family residential [Member] | Real estate - construction [Member] | 90+ Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 0 | 0 | |
Construction loans - 1 to 4 family residential [Member] | Real estate - construction [Member] | 90+ Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 0 | 0 | |
Construction loans - 1 to 4 family residential [Member] | Real estate - construction [Member] | Nonaccrual Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 0 | 0 | |
Construction loans - 1 to 4 family residential [Member] | Real estate - construction [Member] | Nonaccrual Loans [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 0 | 0 | |
Construction loans - 1 to 4 family residential [Member] | Real estate - construction [Member] | Nonaccrual Loans [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 0 | 0 | |
Construction loans - 1 to 4 family residential [Member] | Real estate - construction [Member] | Total Past Due + Nonaccrual [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 164 | 0 | |
Construction loans - 1 to 4 family residential [Member] | Real estate - construction [Member] | Total Past Due + Nonaccrual [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 164 | 0 | |
Construction loans - 1 to 4 family residential [Member] | Real estate - construction [Member] | Total Past Due + Nonaccrual [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 0 | 0 | |
Construction loans - 1 to 4 family residential [Member] | Real estate - construction [Member] | Current [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 41,150 | 43,681 | |
Construction loans - 1 to 4 family residential [Member] | Real estate - construction [Member] | Current [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 40,141 | 42,969 | |
Construction loans - 1 to 4 family residential [Member] | Real estate - construction [Member] | Current [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 1,009 | 712 | |
Construction loans - 1 to 4 family residential [Member] | Real estate - construction [Member] | Total Loans Receivable [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 41,314 | 43,681 | |
Construction loans - 1 to 4 family residential [Member] | Real estate - construction [Member] | Total Loans Receivable [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 40,305 | 42,969 | |
Construction loans - 1 to 4 family residential [Member] | Real estate - construction [Member] | Total Loans Receivable [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 1,009 | 712 | |
Other construction and land development [Member] | Real estate - construction [Member] | 30 - 89 Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 540 | 66 | |
Other construction and land development [Member] | Real estate - construction [Member] | 30 - 89 Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 540 | 66 | |
Other construction and land development [Member] | Real estate - construction [Member] | 30 - 89 Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 0 | 0 | |
Other construction and land development [Member] | Real estate - construction [Member] | 90+ Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 0 | 0 | |
Other construction and land development [Member] | Real estate - construction [Member] | 90+ Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 0 | 0 | |
Other construction and land development [Member] | Real estate - construction [Member] | 90+ Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 0 | 0 | |
Other construction and land development [Member] | Real estate - construction [Member] | Nonaccrual Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 61 | 159 | |
Other construction and land development [Member] | Real estate - construction [Member] | Nonaccrual Loans [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 61 | 159 | |
Other construction and land development [Member] | Real estate - construction [Member] | Nonaccrual Loans [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 0 | 0 | |
Other construction and land development [Member] | Real estate - construction [Member] | Total Past Due + Nonaccrual [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 601 | 225 | |
Other construction and land development [Member] | Real estate - construction [Member] | Total Past Due + Nonaccrual [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 601 | 225 | |
Other construction and land development [Member] | Real estate - construction [Member] | Total Past Due + Nonaccrual [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 0 | 0 | |
Other construction and land development [Member] | Real estate - construction [Member] | Current [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 147,877 | 124,203 | |
Other construction and land development [Member] | Real estate - construction [Member] | Current [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 144,029 | 120,387 | |
Other construction and land development [Member] | Real estate - construction [Member] | Current [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 3,848 | 3,816 | |
Other construction and land development [Member] | Real estate - construction [Member] | Total Loans Receivable [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 148,478 | 124,428 | |
Other construction and land development [Member] | Real estate - construction [Member] | Total Loans Receivable [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 144,630 | 120,612 | |
Other construction and land development [Member] | Real estate - construction [Member] | Total Loans Receivable [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - construction | 3,848 | 3,816 | |
Closed-end loans secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | 30 - 89 Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 4,214 | 5,923 | |
Closed-end loans secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | 30 - 89 Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 2,489 | 3,529 | |
Closed-end loans secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | 30 - 89 Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 1,725 | 2,394 | |
Closed-end loans secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | 90+ Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 1,792 | 1,431 | |
Closed-end loans secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | 90+ Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 0 | 35 | |
Closed-end loans secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | 90+ Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 1,792 | 1,396 | |
Closed-end loans secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Nonaccrual Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 1,356 | 1,871 | |
Closed-end loans secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Nonaccrual Loans [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 1,356 | 1,871 | |
Closed-end loans secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Nonaccrual Loans [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 0 | 0 | |
Closed-end loans secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Total Past Due + Nonaccrual [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 7,362 | 9,225 | |
Closed-end loans secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Total Past Due + Nonaccrual [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 3,845 | 5,435 | |
Closed-end loans secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Total Past Due + Nonaccrual [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 3,517 | 3,790 | |
Closed-end loans secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Current [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 415,927 | 397,047 | |
Closed-end loans secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Current [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 391,355 | 374,211 | |
Closed-end loans secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Current [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 24,572 | 22,836 | |
Closed-end loans secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Total Loans Receivable [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 423,289 | 406,272 | |
Closed-end loans secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Total Loans Receivable [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 395,200 | 379,646 | |
Closed-end loans secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Total Loans Receivable [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 28,089 | 26,626 | |
Lines of credit secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | 30 - 89 Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 2,331 | 2,958 | |
Lines of credit secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | 30 - 89 Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 1,880 | 2,578 | |
Lines of credit secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | 30 - 89 Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 451 | 380 | |
Lines of credit secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | 90+ Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 91 | 33 | |
Lines of credit secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | 90+ Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 0 | 0 | |
Lines of credit secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | 90+ Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 91 | 33 | |
Lines of credit secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Nonaccrual Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 1,127 | 1,301 | |
Lines of credit secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Nonaccrual Loans [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 1,127 | 1,301 | |
Lines of credit secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Nonaccrual Loans [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 0 | 0 | |
Lines of credit secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Total Past Due + Nonaccrual [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 3,549 | 4,292 | |
Lines of credit secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Total Past Due + Nonaccrual [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 3,007 | 3,879 | |
Lines of credit secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Total Past Due + Nonaccrual [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 542 | 413 | |
Lines of credit secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Current [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 231,396 | 224,412 | |
Lines of credit secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Current [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 225,614 | 218,450 | |
Lines of credit secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Current [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 5,782 | 5,962 | |
Lines of credit secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Total Loans Receivable [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 234,945 | 228,704 | |
Lines of credit secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Total Loans Receivable [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 228,621 | 222,329 | |
Lines of credit secured by 1 to 4 family residential properties [Member] | Real estate - mortgage [Member] | Total Loans Receivable [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 6,324 | 6,375 | |
Loans secured by 5 or more family residential property [Member] | Real estate - mortgage [Member] | 30 - 89 Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 0 | 0 | |
Loans secured by 5 or more family residential property [Member] | Real estate - mortgage [Member] | 30 - 89 Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 0 | 0 | |
Loans secured by 5 or more family residential property [Member] | Real estate - mortgage [Member] | 30 - 89 Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 0 | 0 | |
Loans secured by 5 or more family residential property [Member] | Real estate - mortgage [Member] | 90+ Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 0 | 0 | |
Loans secured by 5 or more family residential property [Member] | Real estate - mortgage [Member] | 90+ Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 0 | 0 | |
Loans secured by 5 or more family residential property [Member] | Real estate - mortgage [Member] | 90+ Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 0 | 0 | |
Loans secured by 5 or more family residential property [Member] | Real estate - mortgage [Member] | Nonaccrual Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 0 | 0 | |
Loans secured by 5 or more family residential property [Member] | Real estate - mortgage [Member] | Nonaccrual Loans [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 0 | 0 | |
Loans secured by 5 or more family residential property [Member] | Real estate - mortgage [Member] | Nonaccrual Loans [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 0 | 0 | |
Loans secured by 5 or more family residential property [Member] | Real estate - mortgage [Member] | Total Past Due + Nonaccrual [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 0 | 0 | |
Loans secured by 5 or more family residential property [Member] | Real estate - mortgage [Member] | Total Past Due + Nonaccrual [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 0 | 0 | |
Loans secured by 5 or more family residential property [Member] | Real estate - mortgage [Member] | Total Past Due + Nonaccrual [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 0 | 0 | |
Loans secured by 5 or more family residential property [Member] | Real estate - mortgage [Member] | Current [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 53,986 | 37,598 | |
Loans secured by 5 or more family residential property [Member] | Real estate - mortgage [Member] | Current [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 47,234 | 32,611 | |
Loans secured by 5 or more family residential property [Member] | Real estate - mortgage [Member] | Current [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 6,752 | 4,987 | |
Loans secured by 5 or more family residential property [Member] | Real estate - mortgage [Member] | Total Loans Receivable [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 53,986 | 37,598 | |
Loans secured by 5 or more family residential property [Member] | Real estate - mortgage [Member] | Total Loans Receivable [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 47,234 | 32,611 | |
Loans secured by 5 or more family residential property [Member] | Real estate - mortgage [Member] | Total Loans Receivable [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Real estate - mortgage | 6,752 | 4,987 | |
Credit Cards [Member] | Consumer [Member] | 30 - 89 Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 66 | 93 | |
Credit Cards [Member] | Consumer [Member] | 30 - 89 Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 66 | 93 | |
Credit Cards [Member] | Consumer [Member] | 30 - 89 Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 0 | 0 | |
Credit Cards [Member] | Consumer [Member] | 90+ Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 8 | 35 | |
Credit Cards [Member] | Consumer [Member] | 90+ Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 8 | 35 | |
Credit Cards [Member] | Consumer [Member] | 90+ Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 0 | 0 | |
Credit Cards [Member] | Consumer [Member] | Nonaccrual Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 0 | 0 | |
Credit Cards [Member] | Consumer [Member] | Nonaccrual Loans [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 0 | 0 | |
Credit Cards [Member] | Consumer [Member] | Nonaccrual Loans [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 0 | 0 | |
Credit Cards [Member] | Consumer [Member] | Total Past Due + Nonaccrual [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 74 | 128 | |
Credit Cards [Member] | Consumer [Member] | Total Past Due + Nonaccrual [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 74 | 128 | |
Credit Cards [Member] | Consumer [Member] | Total Past Due + Nonaccrual [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 0 | 0 | |
Credit Cards [Member] | Consumer [Member] | Current [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 7,382 | 7,528 | |
Credit Cards [Member] | Consumer [Member] | Current [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 7,382 | 7,528 | |
Credit Cards [Member] | Consumer [Member] | Current [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 0 | 0 | |
Credit Cards [Member] | Consumer [Member] | Total Loans Receivable [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 7,456 | 7,656 | |
Credit Cards [Member] | Consumer [Member] | Total Loans Receivable [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 7,456 | 7,656 | |
Credit Cards [Member] | Consumer [Member] | Total Loans Receivable [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 0 | 0 | |
Other Revolving Credit Plans [Member] | Consumer [Member] | 30 - 89 Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 19 | 121 | |
Other Revolving Credit Plans [Member] | Consumer [Member] | 30 - 89 Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 19 | 121 | |
Other Revolving Credit Plans [Member] | Consumer [Member] | 30 - 89 Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 0 | 0 | |
Other Revolving Credit Plans [Member] | Consumer [Member] | 90+ Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 0 | 1 | |
Other Revolving Credit Plans [Member] | Consumer [Member] | 90+ Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 0 | 1 | |
Other Revolving Credit Plans [Member] | Consumer [Member] | 90+ Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 0 | 0 | |
Other Revolving Credit Plans [Member] | Consumer [Member] | Nonaccrual Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 0 | 102 | |
Other Revolving Credit Plans [Member] | Consumer [Member] | Nonaccrual Loans [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 0 | 102 | |
Other Revolving Credit Plans [Member] | Consumer [Member] | Nonaccrual Loans [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 0 | 0 | |
Other Revolving Credit Plans [Member] | Consumer [Member] | Total Past Due + Nonaccrual [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 19 | 224 | |
Other Revolving Credit Plans [Member] | Consumer [Member] | Total Past Due + Nonaccrual [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 19 | 224 | |
Other Revolving Credit Plans [Member] | Consumer [Member] | Total Past Due + Nonaccrual [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 0 | 0 | |
Other Revolving Credit Plans [Member] | Consumer [Member] | Current [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 9,750 | 8,888 | |
Other Revolving Credit Plans [Member] | Consumer [Member] | Current [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 9,725 | 8,861 | |
Other Revolving Credit Plans [Member] | Consumer [Member] | Current [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 25 | 27 | |
Other Revolving Credit Plans [Member] | Consumer [Member] | Total Loans Receivable [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 9,769 | 9,112 | |
Other Revolving Credit Plans [Member] | Consumer [Member] | Total Loans Receivable [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 9,744 | 9,085 | |
Other Revolving Credit Plans [Member] | Consumer [Member] | Total Loans Receivable [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 25 | 27 | |
Other Consumer Loans [Member] | Consumer [Member] | 30 - 89 Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 15 | 177 | |
Other Consumer Loans [Member] | Consumer [Member] | 30 - 89 Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 15 | 131 | |
Other Consumer Loans [Member] | Consumer [Member] | 30 - 89 Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 0 | 46 | |
Other Consumer Loans [Member] | Consumer [Member] | 90+ Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 41 | 21 | |
Other Consumer Loans [Member] | Consumer [Member] | 90+ Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 0 | 0 | |
Other Consumer Loans [Member] | Consumer [Member] | 90+ Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 41 | 21 | |
Other Consumer Loans [Member] | Consumer [Member] | Nonaccrual Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 44 | 43 | |
Other Consumer Loans [Member] | Consumer [Member] | Nonaccrual Loans [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 44 | 43 | |
Other Consumer Loans [Member] | Consumer [Member] | Nonaccrual Loans [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 0 | 0 | |
Other Consumer Loans [Member] | Consumer [Member] | Total Past Due + Nonaccrual [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 100 | 241 | |
Other Consumer Loans [Member] | Consumer [Member] | Total Past Due + Nonaccrual [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 59 | 174 | |
Other Consumer Loans [Member] | Consumer [Member] | Total Past Due + Nonaccrual [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 41 | 67 | |
Other Consumer Loans [Member] | Consumer [Member] | Current [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 8,251 | 9,155 | |
Other Consumer Loans [Member] | Consumer [Member] | Current [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 6,362 | 7,240 | |
Other Consumer Loans [Member] | Consumer [Member] | Current [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 1,889 | 1,915 | |
Other Consumer Loans [Member] | Consumer [Member] | Total Loans Receivable [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 8,351 | 9,396 | |
Other Consumer Loans [Member] | Consumer [Member] | Total Loans Receivable [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 6,421 | 7,414 | |
Other Consumer Loans [Member] | Consumer [Member] | Total Loans Receivable [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Consumer | 1,930 | 1,982 | |
Other Consumer Loans [Member] | Other [Member] | 30 - 89 Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | ||
Other Consumer Loans [Member] | Other [Member] | 90+ Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | ||
Other Consumer Loans [Member] | Other [Member] | Nonaccrual Loans [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | ||
Other Consumer Loans [Member] | Other [Member] | Total Past Due + Nonaccrual [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | ||
Other Consumer Loans [Member] | Other [Member] | Current [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Other | 9,058 | ||
Other Consumer Loans [Member] | Other [Member] | Total Loans Receivable [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Other | 9,058 | ||
All other loans [Member] | Other [Member] | 30 - 89 Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
All other loans [Member] | Other [Member] | 30 - 89 Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | ||
All other loans [Member] | Other [Member] | 30 - 89 Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
All other loans [Member] | Other [Member] | 90+ Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
All other loans [Member] | Other [Member] | 90+ Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | ||
All other loans [Member] | Other [Member] | 90+ Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
All other loans [Member] | Other [Member] | Nonaccrual Loans [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
All other loans [Member] | Other [Member] | Nonaccrual Loans [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | ||
All other loans [Member] | Other [Member] | Nonaccrual Loans [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
All other loans [Member] | Other [Member] | Total Past Due + Nonaccrual [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
All other loans [Member] | Other [Member] | Total Past Due + Nonaccrual [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | ||
All other loans [Member] | Other [Member] | Total Past Due + Nonaccrual [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
All other loans [Member] | Other [Member] | Current [Member] | |||
Recorded investment in loans: | |||
Total Other | 9,058 | 8,798 | |
All other loans [Member] | Other [Member] | Current [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Other | 8,798 | ||
All other loans [Member] | Other [Member] | Current [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
All other loans [Member] | Other [Member] | Total Loans Receivable [Member] | |||
Recorded investment in loans: | |||
Total Other | 9,058 | 8,798 | |
All other loans [Member] | Other [Member] | Total Loans Receivable [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total Other | 8,798 | ||
All other loans [Member] | Other [Member] | Total Loans Receivable [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total Other | 0 | 0 | |
Total Loans [Member] | |||
Recorded investment in loans: | |||
Total loans | 1,948,032 | 1,804,406 | |
Total Loans [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total loans | 1,854,957 | 1,723,325 | |
Total Loans [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total loans | 93,075 | 81,081 | |
Total Loans [Member] | 30 - 89 Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total loans | 9,172 | 12,440 | |
Total Loans [Member] | 30 - 89 Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total loans | 6,499 | 9,335 | |
Total Loans [Member] | 30 - 89 Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total loans | 2,673 | 3,105 | |
Total Loans [Member] | 90+ Days Past Due [Member] | |||
Recorded investment in loans: | |||
Total loans | 1,942 | 1,534 | |
Total Loans [Member] | 90+ Days Past Due [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total loans | 8 | 71 | |
Total Loans [Member] | 90+ Days Past Due [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total loans | 1,934 | 1,463 | |
Total Loans [Member] | Nonaccrual Loans [Member] | |||
Recorded investment in loans: | |||
Total loans | 3,937 | 5,096 | |
Total Loans [Member] | Nonaccrual Loans [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total loans | 3,937 | 5,096 | |
Total Loans [Member] | Nonaccrual Loans [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total loans | 0 | 0 | |
Total Loans [Member] | Total Past Due + Nonaccrual [Member] | |||
Recorded investment in loans: | |||
Total loans | 15,051 | 19,070 | |
Total Loans [Member] | Total Past Due + Nonaccrual [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total loans | 10,444 | 14,502 | |
Total Loans [Member] | Total Past Due + Nonaccrual [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total loans | 4,607 | 4,568 | |
Total Loans [Member] | Current [Member] | |||
Recorded investment in loans: | |||
Total loans | 1,932,981 | 1,785,336 | |
Total Loans [Member] | Current [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total loans | 1,844,513 | 1,708,823 | |
Total Loans [Member] | Current [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total loans | 88,468 | 76,513 | |
Total Loans [Member] | Total Loans Receivable [Member] | |||
Recorded investment in loans: | |||
Total loans | 1,948,032 | 1,804,406 | |
Total Loans [Member] | Total Loans Receivable [Member] | Loans Excluding PCI [Member] | |||
Recorded investment in loans: | |||
Total loans | 1,854,957 | 1,723,325 | |
Total Loans [Member] | Total Loans Receivable [Member] | PCI Loans [Member] | |||
Recorded investment in loans: | |||
Total loans | $93,075 | $81,081 |
Loans_and_Allowance_for_Credit5
Loans and Allowance for Credit Losses (Details 3) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
TDRs: | ||
Number of Contracts | 0 | 2 |
Pre-Restructuring Outstanding Recorded Investment | $0 | $51 |
Post-Restructuring Outstanding Recorded Investment | 0 | 51 |
Real estate - mortgage [Member] | ||
TDRs: | ||
Number of Contracts | 0 | 2 |
Pre-Restructuring Outstanding Recorded Investment | 0 | 51 |
Post-Restructuring Outstanding Recorded Investment | $0 | $51 |
Loans_and_Allowance_for_Credit6
Loans and Allowance for Credit Losses (Details 4) (Troubled Debt Restructured [Member], USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Troubled Debt Restructured [Member] | ||
Interest income recognized on impaired loans | ||
Commercial | $0 | $3 |
Real estate - construction | 0 | 2 |
Real estate - mortgage | 20 | 16 |
Total | 20 | 21 |
Interest income received on impaired loans | ||
Commercial | 0 | 3 |
Real estate - construction | 0 | 2 |
Real estate - mortgage | 21 | 16 |
Total | $21 | $21 |
Loans_and_Allowance_for_Credit7
Loans and Allowance for Credit Losses (Details 5) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 |
Impaired loans | ||
Impaired Loans Recorded Balance | $3,700 | $4,200 |
Loans without a specific valuation allowance [Member] | ||
Impaired loans | ||
Impaired Loans Recorded Balance | 1,132 | 1,114 |
Impaired Loans Unpaid Principal Balance | 1,153 | 1,134 |
Impaired Loans Specific Allowance | 0 | 0 |
Impaired Loans Average Recorded Investment | 1,230 | 1,294 |
Impaired Loan Interest Income Recognized | 17 | 91 |
Loans without a specific valuation allowance [Member] | Commercial [Member] | ||
Impaired loans | ||
Impaired Loans Recorded Balance | 329 | 283 |
Impaired Loans Unpaid Principal Balance | 329 | 283 |
Impaired Loans Specific Allowance | 0 | 0 |
Impaired Loans Average Recorded Investment | 331 | 342 |
Impaired Loan Interest Income Recognized | 3 | 22 |
Loans without a specific valuation allowance [Member] | Real estate-construction [Member] | ||
Impaired loans | ||
Impaired Loans Recorded Balance | 446 | 453 |
Impaired Loans Unpaid Principal Balance | 446 | 453 |
Impaired Loans Specific Allowance | 0 | 0 |
Impaired Loans Average Recorded Investment | 463 | 480 |
Impaired Loan Interest Income Recognized | 8 | 32 |
Loans without a specific valuation allowance [Member] | Real estate-mortgage [Member] | ||
Impaired loans | ||
Impaired Loans Recorded Balance | 352 | 361 |
Impaired Loans Unpaid Principal Balance | 372 | 381 |
Impaired Loans Specific Allowance | 0 | 0 |
Impaired Loans Average Recorded Investment | 431 | 454 |
Impaired Loan Interest Income Recognized | 6 | 36 |
Loans without a specific valuation allowance [Member] | Consumer [Member] | ||
Impaired loans | ||
Impaired Loans Recorded Balance | 5 | 17 |
Impaired Loans Unpaid Principal Balance | 6 | 17 |
Impaired Loans Specific Allowance | 0 | 0 |
Impaired Loans Average Recorded Investment | 5 | 18 |
Impaired Loan Interest Income Recognized | 0 | 1 |
Loans with a specific valuation allowance [Member] | ||
Impaired loans | ||
Impaired Loans Recorded Balance | 2,569 | 3,113 |
Impaired Loans Unpaid Principal Balance | 2,676 | 3,220 |
Impaired Loans Specific Allowance | 474 | 905 |
Impaired Loans Average Recorded Investment | 2,620 | 3,508 |
Impaired Loan Interest Income Recognized | 23 | 160 |
Loans with a specific valuation allowance [Member] | Commercial [Member] | ||
Impaired loans | ||
Impaired Loans Recorded Balance | 552 | 1,087 |
Impaired Loans Unpaid Principal Balance | 659 | 1,194 |
Impaired Loans Specific Allowance | 165 | 588 |
Impaired Loans Average Recorded Investment | 551 | 1,409 |
Impaired Loan Interest Income Recognized | 3 | 78 |
Loans with a specific valuation allowance [Member] | Real estate-construction [Member] | ||
Impaired loans | ||
Impaired Loans Recorded Balance | 145 | 148 |
Impaired Loans Unpaid Principal Balance | 145 | 148 |
Impaired Loans Specific Allowance | 51 | 53 |
Impaired Loans Average Recorded Investment | 184 | 186 |
Impaired Loan Interest Income Recognized | 3 | 11 |
Loans with a specific valuation allowance [Member] | Real estate-mortgage [Member] | ||
Impaired loans | ||
Impaired Loans Recorded Balance | 1,862 | 1,878 |
Impaired Loans Unpaid Principal Balance | 1,862 | 1,878 |
Impaired Loans Specific Allowance | 257 | 264 |
Impaired Loans Average Recorded Investment | 1,874 | 1,913 |
Impaired Loan Interest Income Recognized | 17 | 71 |
Loans with a specific valuation allowance [Member] | Consumer [Member] | ||
Impaired loans | ||
Impaired Loans Recorded Balance | 10 | 0 |
Impaired Loans Unpaid Principal Balance | 10 | 0 |
Impaired Loans Specific Allowance | 1 | 0 |
Impaired Loans Average Recorded Investment | 11 | 0 |
Impaired Loan Interest Income Recognized | 0 | 0 |
Total impaired loans [Member] | ||
Impaired loans | ||
Impaired Loans Recorded Balance | 3,701 | 4,227 |
Impaired Loans Unpaid Principal Balance | 3,829 | 4,354 |
Impaired Loans Specific Allowance | 474 | 905 |
Impaired Loans Average Recorded Investment | 3,850 | 4,802 |
Impaired Loan Interest Income Recognized | 40 | 251 |
Total impaired loans [Member] | Commercial [Member] | ||
Impaired loans | ||
Impaired Loans Recorded Balance | 881 | 1,370 |
Impaired Loans Unpaid Principal Balance | 988 | 1,477 |
Impaired Loans Specific Allowance | 165 | 588 |
Impaired Loans Average Recorded Investment | 882 | 1,751 |
Impaired Loan Interest Income Recognized | 6 | 100 |
Total impaired loans [Member] | Real estate-construction [Member] | ||
Impaired loans | ||
Impaired Loans Recorded Balance | 591 | 601 |
Impaired Loans Unpaid Principal Balance | 591 | 601 |
Impaired Loans Specific Allowance | 51 | 53 |
Impaired Loans Average Recorded Investment | 647 | 666 |
Impaired Loan Interest Income Recognized | 11 | 43 |
Total impaired loans [Member] | Real estate-mortgage [Member] | ||
Impaired loans | ||
Impaired Loans Recorded Balance | 2,214 | 2,239 |
Impaired Loans Unpaid Principal Balance | 2,234 | 2,259 |
Impaired Loans Specific Allowance | 257 | 264 |
Impaired Loans Average Recorded Investment | 2,305 | 2,367 |
Impaired Loan Interest Income Recognized | 23 | 107 |
Total impaired loans [Member] | Consumer [Member] | ||
Impaired loans | ||
Impaired Loans Recorded Balance | 15 | 17 |
Impaired Loans Unpaid Principal Balance | 16 | 17 |
Impaired Loans Specific Allowance | 1 | 0 |
Impaired Loans Average Recorded Investment | 16 | 18 |
Impaired Loan Interest Income Recognized | $0 | $1 |
Loans_and_Allowance_for_Credit8
Loans and Allowance for Credit Losses (Details 6) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 |
In Thousands, unless otherwise specified | |||
Allowance for credit losses: | |||
Individually evaluated for impairment | $474 | $905 | $1,319 |
Collectively evaluated for impairment | 21,360 | 21,207 | 23,116 |
PCI | 44 | 0 | 0 |
Total ending allowance | 21,878 | 22,112 | 24,435 |
Allowance for credit losses as a percentage of recorded investment | 1.12% | 1.23% | 1.69% |
Recorded investment in loans: | |||
Individually evaluated for impairment | 3,701 | 4,227 | 8,954 |
Collectively evaluated for impairment | 1,851,256 | 1,719,098 | 1,382,319 |
PCI | 93,075 | 81,081 | 52,568 |
Total recorded investment in loans | 1,948,032 | 1,804,406 | 1,443,841 |
Commercial [Member] | |||
Allowance for credit losses: | |||
Individually evaluated for impairment | 165 | 588 | 280 |
Collectively evaluated for impairment | 10,309 | 10,567 | 11,067 |
PCI | 0 | 0 | 0 |
Total ending allowance | 10,474 | 11,155 | 11,347 |
Allowance for credit losses as a percentage of recorded investment | 1.04% | 1.20% | 1.66% |
Recorded investment in loans: | |||
Individually evaluated for impairment | 881 | 1,370 | 3,244 |
Collectively evaluated for impairment | 965,407 | 890,835 | 664,699 |
PCI | 45,098 | 36,556 | 16,700 |
Total recorded investment in loans | 1,011,386 | 928,761 | 684,643 |
Real estate-construction [Member] | |||
Allowance for credit losses: | |||
Individually evaluated for impairment | 51 | 53 | 8 |
Collectively evaluated for impairment | 1,954 | 1,931 | 1,845 |
PCI | 0 | 0 | 0 |
Total ending allowance | 2,005 | 1,984 | 1,853 |
Allowance for credit losses as a percentage of recorded investment | 1.06% | 1.18% | 1.60% |
Recorded investment in loans: | |||
Individually evaluated for impairment | 591 | 601 | 625 |
Collectively evaluated for impairment | 184,344 | 162,980 | 111,226 |
PCI | 4,857 | 4,528 | 3,897 |
Total recorded investment in loans | 189,792 | 168,109 | 115,748 |
Real estate-mortgage [Member] | |||
Allowance for credit losses: | |||
Individually evaluated for impairment | 257 | 264 | 1,031 |
Collectively evaluated for impairment | 8,614 | 8,195 | 9,652 |
PCI | 41 | 0 | 0 |
Total ending allowance | 8,912 | 8,459 | 10,683 |
Allowance for credit losses as a percentage of recorded investment | 1.25% | 1.26% | 1.75% |
Recorded investment in loans: | |||
Individually evaluated for impairment | 2,214 | 2,239 | 5,085 |
Collectively evaluated for impairment | 668,841 | 632,347 | 575,485 |
PCI | 41,165 | 37,988 | 29,795 |
Total recorded investment in loans | 712,220 | 672,574 | 610,365 |
Consumer [Member] | |||
Allowance for credit losses: | |||
Individually evaluated for impairment | 1 | 0 | 0 |
Collectively evaluated for impairment | 381 | 421 | 462 |
PCI | 3 | 0 | 0 |
Total ending allowance | 385 | 421 | 462 |
Allowance for credit losses as a percentage of recorded investment | 1.51% | 1.61% | 1.84% |
Recorded investment in loans: | |||
Individually evaluated for impairment | 15 | 17 | 0 |
Collectively evaluated for impairment | 23,606 | 24,138 | 22,918 |
PCI | 1,955 | 2,009 | 2,176 |
Total recorded investment in loans | 25,576 | 26,164 | 25,094 |
Other [Member] | |||
Allowance for credit losses: | |||
Individually evaluated for impairment | 0 | 0 | 0 |
Collectively evaluated for impairment | 102 | 93 | 90 |
PCI | 0 | 0 | 0 |
Total ending allowance | 102 | 93 | 90 |
Allowance for credit losses as a percentage of recorded investment | 1.13% | 1.06% | 1.13% |
Recorded investment in loans: | |||
Individually evaluated for impairment | 0 | 0 | 0 |
Collectively evaluated for impairment | 9,058 | 8,798 | 7,991 |
PCI | 0 | 0 | 0 |
Total recorded investment in loans | $9,058 | $8,798 | $7,991 |
Loans_and_Allowance_for_Credit9
Loans and Allowance for Credit Losses (Details 7) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | |
In Thousands, unless otherwise specified | |||
Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | $1,274,118 | $1,155,707 | |
PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 70,014 | 57,425 | |
Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 1,344,132 | 1,213,132 | |
Commercial [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 964,697 | 890,482 | |
Commercial [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 44,943 | 36,316 | |
Commercial [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 1,009,640 | 926,798 | |
Real estate-construction [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 170,526 | 149,518 | |
Real estate-construction [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 4,713 | 4,425 | |
Real estate-construction [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 175,239 | 153,943 | |
Real estate-mortgage [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 129,406 | 105,981 | |
Real estate-mortgage [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 20,358 | 16,684 | |
Real estate-mortgage [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 149,764 | 122,665 | |
Consumer [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 430 | 928 | |
Consumer [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Consumer [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 430 | 928 | |
Other [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 9,059 | 8,798 | |
Other [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Other [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 9,059 | 8,798 | |
Pass [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 1,229,375 | 1,114,218 | |
Pass [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 50,063 | [1] | 41,850 |
Pass [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 1,279,438 | 1,156,068 | |
Pass [Member] | Commercial [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 927,763 | 858,218 | |
Pass [Member] | Commercial [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 32,541 | [1] | 27,766 |
Pass [Member] | Commercial [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 960,304 | 885,984 | |
Pass [Member] | Real estate-construction [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 169,432 | 148,226 | |
Pass [Member] | Real estate-construction [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 2,959 | [1] | 2,838 |
Pass [Member] | Real estate-construction [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 172,391 | 151,064 | |
Pass [Member] | Real estate-mortgage [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 123,568 | 99,200 | |
Pass [Member] | Real estate-mortgage [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 14,563 | [1] | 11,246 |
Pass [Member] | Real estate-mortgage [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 138,131 | 110,446 | |
Pass [Member] | Consumer [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 430 | 928 | |
Pass [Member] | Consumer [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | [1] | 0 |
Pass [Member] | Consumer [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 430 | 928 | |
Pass [Member] | Other [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 8,182 | 7,646 | |
Pass [Member] | Other [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | [1] | 0 |
Pass [Member] | Other [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 8,182 | 7,646 | |
Special Mention [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 32,407 | 25,668 | |
Special Mention [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 14,369 | 10,404 | |
Special Mention [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 46,776 | 36,072 | |
Special Mention [Member] | Commercial [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 26,261 | 18,578 | |
Special Mention [Member] | Commercial [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 8,637 | 5,345 | |
Special Mention [Member] | Commercial [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 34,898 | 23,923 | |
Special Mention [Member] | Real estate-construction [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 948 | 1,144 | |
Special Mention [Member] | Real estate-construction [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 1,419 | 1,248 | |
Special Mention [Member] | Real estate-construction [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 2,367 | 2,392 | |
Special Mention [Member] | Real estate-mortgage [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 4,321 | 4,794 | |
Special Mention [Member] | Real estate-mortgage [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 4,313 | 3,811 | |
Special Mention [Member] | Real estate-mortgage [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 8,634 | 8,605 | |
Special Mention [Member] | Consumer [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Special Mention [Member] | Consumer [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Special Mention [Member] | Consumer [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Special Mention [Member] | Other [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 877 | 1,152 | |
Special Mention [Member] | Other [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Special Mention [Member] | Other [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 877 | 1,152 | |
Substandard [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 12,245 | 14,792 | |
Substandard [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 5,582 | 5,171 | |
Substandard [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 17,827 | 19,963 | |
Substandard [Member] | Commercial [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 10,640 | 12,717 | |
Substandard [Member] | Commercial [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 3,765 | 3,205 | |
Substandard [Member] | Commercial [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 14,405 | 15,922 | |
Substandard [Member] | Real estate-construction [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 88 | 88 | |
Substandard [Member] | Real estate-construction [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 335 | 339 | |
Substandard [Member] | Real estate-construction [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 423 | 427 | |
Substandard [Member] | Real estate-mortgage [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 1,517 | 1,987 | |
Substandard [Member] | Real estate-mortgage [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 1,482 | 1,627 | |
Substandard [Member] | Real estate-mortgage [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 2,999 | 3,614 | |
Substandard [Member] | Consumer [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Substandard [Member] | Consumer [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Substandard [Member] | Consumer [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Substandard [Member] | Other [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Substandard [Member] | Other [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Substandard [Member] | Other [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Doubtful [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 91 | 1,029 | |
Doubtful [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Doubtful [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 91 | 1,029 | |
Doubtful [Member] | Commercial [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 33 | 969 | |
Doubtful [Member] | Commercial [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Doubtful [Member] | Commercial [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 33 | 969 | |
Doubtful [Member] | Real estate-construction [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 58 | 60 | |
Doubtful [Member] | Real estate-construction [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Doubtful [Member] | Real estate-construction [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 58 | 60 | |
Doubtful [Member] | Real estate-mortgage [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Doubtful [Member] | Real estate-mortgage [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Doubtful [Member] | Real estate-mortgage [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Doubtful [Member] | Consumer [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Doubtful [Member] | Consumer [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Doubtful [Member] | Consumer [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Doubtful [Member] | Other [Member] | Loans Excluding PCI [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Doubtful [Member] | Other [Member] | PCI loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | 0 | 0 | |
Doubtful [Member] | Other [Member] | Total loans [Member] | |||
Risk grade for loans | |||
Total loans receivable | $0 | $0 | |
[1] | PCI loans in the Pass category are in the pre-watch risk grade, which is the lowest risk grade in the Pass category. |
Recovered_Sheet1
Loans and Allowance for Credit Losses (Details 8) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Allowance for credit losses | ||
Beginning Balance | $22,112 | $24,550 |
ChargeOffs | 1,185 | 958 |
Recoveries | 847 | 699 |
Provision | 104 | 144 |
Ending Balance | 21,878 | 24,435 |
Loans Excluding PCI [Member] | ||
Allowance for credit losses | ||
Beginning Balance | 22,112 | 24,550 |
ChargeOffs | 1,184 | 884 |
Recoveries | 847 | 699 |
Provision | 59 | 70 |
Ending Balance | 21,834 | 24,435 |
PCI Loans [Member] | ||
Allowance for credit losses | ||
Beginning Balance | 0 | 0 |
ChargeOffs | 1 | 74 |
Recoveries | 0 | 0 |
Provision | 45 | 74 |
Ending Balance | 44 | 0 |
Commercial [Member] | ||
Allowance for credit losses | ||
Beginning Balance | 11,155 | 11,480 |
ChargeOffs | 636 | 185 |
Recoveries | 260 | 373 |
Provision | -305 | -321 |
Ending Balance | 10,474 | 11,347 |
Commercial [Member] | Loans Excluding PCI [Member] | ||
Allowance for credit losses | ||
Beginning Balance | 11,155 | 11,480 |
ChargeOffs | 636 | 133 |
Recoveries | 260 | 373 |
Provision | -305 | -373 |
Ending Balance | 10,474 | 11,347 |
Commercial [Member] | PCI Loans [Member] | ||
Allowance for credit losses | ||
Beginning Balance | 0 | 0 |
ChargeOffs | 0 | 52 |
Recoveries | 0 | 0 |
Provision | 0 | 52 |
Ending Balance | 0 | 0 |
Real estate - construction [Member] | ||
Allowance for credit losses | ||
Beginning Balance | 1,984 | 2,027 |
ChargeOffs | 3 | 4 |
Recoveries | 300 | 70 |
Provision | -276 | -240 |
Ending Balance | 2,005 | 1,853 |
Real estate - construction [Member] | Loans Excluding PCI [Member] | ||
Allowance for credit losses | ||
Beginning Balance | 1,984 | 2,027 |
ChargeOffs | 3 | 4 |
Recoveries | 300 | 70 |
Provision | -276 | -240 |
Ending Balance | 2,005 | 1,853 |
Real estate - construction [Member] | PCI Loans [Member] | ||
Allowance for credit losses | ||
Beginning Balance | 0 | 0 |
ChargeOffs | 0 | 0 |
Recoveries | 0 | 0 |
Provision | 0 | 0 |
Ending Balance | 0 | 0 |
Real estate - mortgage [Member] | ||
Allowance for credit losses | ||
Beginning Balance | 8,459 | 10,479 |
ChargeOffs | 407 | 545 |
Recoveries | 145 | 197 |
Provision | 715 | 552 |
Ending Balance | 8,912 | 10,683 |
Real estate - mortgage [Member] | Loans Excluding PCI [Member] | ||
Allowance for credit losses | ||
Beginning Balance | 8,459 | 10,479 |
ChargeOffs | 407 | 523 |
Recoveries | 145 | 197 |
Provision | 674 | 530 |
Ending Balance | 8,871 | 10,683 |
Real estate - mortgage [Member] | PCI Loans [Member] | ||
Allowance for credit losses | ||
Beginning Balance | 0 | 0 |
ChargeOffs | 0 | 22 |
Recoveries | 0 | 0 |
Provision | 41 | 22 |
Ending Balance | 41 | 0 |
Consumer [Member] | ||
Allowance for credit losses | ||
Beginning Balance | 421 | 469 |
ChargeOffs | 139 | 224 |
Recoveries | 138 | 56 |
Provision | -35 | 161 |
Ending Balance | 385 | 462 |
Consumer [Member] | Loans Excluding PCI [Member] | ||
Allowance for credit losses | ||
Beginning Balance | 421 | 469 |
ChargeOffs | 138 | 224 |
Recoveries | 138 | 56 |
Provision | -39 | 161 |
Ending Balance | 382 | 462 |
Consumer [Member] | PCI Loans [Member] | ||
Allowance for credit losses | ||
Beginning Balance | 0 | 0 |
ChargeOffs | 1 | 0 |
Recoveries | 0 | 0 |
Provision | 4 | 0 |
Ending Balance | 3 | 0 |
Other [Member] | ||
Allowance for credit losses | ||
Beginning Balance | 93 | 95 |
ChargeOffs | 0 | 0 |
Recoveries | 4 | 3 |
Provision | 5 | -8 |
Ending Balance | 102 | 90 |
Other [Member] | Loans Excluding PCI [Member] | ||
Allowance for credit losses | ||
Beginning Balance | 93 | 95 |
ChargeOffs | 0 | 0 |
Recoveries | 4 | 3 |
Provision | 5 | -8 |
Ending Balance | 102 | 90 |
Other [Member] | PCI Loans [Member] | ||
Allowance for credit losses | ||
Beginning Balance | 0 | 0 |
ChargeOffs | 0 | 0 |
Recoveries | 0 | 0 |
Provision | 0 | 0 |
Ending Balance | $0 | $0 |
Recovered_Sheet2
Loans and Allowance for Credit Losses (Details 9) (Acquisition Of CapStone [Member], USD $) | Feb. 27, 2015 |
In Thousands, unless otherwise specified | |
Acquisition Of CapStone [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Contractual principal and interest at acquisition | $19,999 |
Nonaccretable difference | -821 |
Expected cash flows at acquisition | 19,178 |
Accretable yield | -3,040 |
Basis in PCI loans at acquisition - estimated fair value | $16,138 |
Recovered_Sheet3
Loans and Allowance for Credit Losses (Details 10) (Purchased Credit Impaired Loans [Member], USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Purchased Credit Impaired Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded investment, beginning of period | $81,081 | $56,015 |
Fair value of loans acquired during the period | 16,138 | 0 |
Accretion | 1,186 | 627 |
Reductions for payments, sales and foreclosures | -5,330 | -4,074 |
Recorded investment, end of period | 93,075 | 52,568 |
Outstanding principal balance, end of period | $101,541 | $59,071 |
Recovered_Sheet4
Loans and Allowance for Credit Losses (Details 11) (Purchased Credit Impaired Loans [Member], USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Purchased Credit Impaired Loans [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Acceptable Yield Movement [Line Items] | ||
Accretable yield, beginning of period | $22,447 | $14,462 |
Addition from acquisition | 3,040 | 0 |
Accretion | -1,186 | -627 |
Reclassification from nonaccretable difference | 1,050 | 103 |
Other changes, net | -1,466 | -465 |
Accretable yield, end of period | $23,885 | $13,473 |
Recovered_Sheet5
Loans and Allowance for Credit Losses (Details Textual) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 |
Loans and Allowance for Credit Losses[Abstract] | |||
Troubled debt restructurings - Performing | $1,000,000 | $1,200,000 | |
Loans held for sale | 11,739,000 | 6,181,000 | |
Non performing Troubled Debt Restructurings Accruing | 2,000,000 | 2,200,000 | |
Impaired Financing Receivable, Recorded Investment | 3,700,000 | 4,200,000 | |
Financing Receivable, Acquired with Deteriorated Credit Quality | 93,075,000 | 81,081,000 | 52,568,000 |
Unamortized deferred loan origination fees and costs | 1,700,000 | 1,300,000 | |
Real Estate Acquired Through Foreclosure | 2,484,000 | 3,057,000 | |
Loans Secured By One To Four Family Residential Properties [Member] | |||
Loans and Allowance for Credit Losses[Abstract] | |||
Real Estate Acquired Through Foreclosure | 979,000 | ||
Mortgage Loans In Process Of Foreclosure Amount | 1,900,000 | ||
Troubled Debt Restructuring Loan [Member] | |||
Loans and Allowance for Credit Losses[Abstract] | |||
Outstanding Recorded Investment Troubled Debt Restructurings | 3,100,000 | 3,300,000 | |
PCI Loans [Member] | |||
Loans and Allowance for Credit Losses[Abstract] | |||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 1,934,000 | 1,463,000 | |
Federal Home Loan Bank and Federal Reserve Bank [Member] | |||
Loans and Allowance for Credit Losses[Abstract] | |||
Loans pledged to secure lines of credit | 641,500,000 | 768,900,000 | |
Minimum [Member] | |||
Loans and Allowance for Credit Losses[Abstract] | |||
Impaired Financing Receivable, Recorded Investment | $500,000 |
Deferred_Tax_Assets_Details
Deferred Tax Assets (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Deferred tax assets: | ||
Allowance for credit losses | $8,368 | $8,458 |
Net operating losses | 20,741 | 21,554 |
Other | 13,599 | 13,420 |
Valuation allowance | -328 | -328 |
Total | 42,380 | 43,104 |
Deferred tax liabilities: | ||
Net unrealized gain on available for sale securities | 3,639 | 2,904 |
Other | 7,140 | 7,067 |
Total | 10,779 | 9,971 |
Net deferred tax assets | $31,601 | $33,133 |
Stock_Compensation_Plans_Detai
Stock Compensation Plans (Details) (USD $) | 3 Months Ended |
Mar. 31, 2015 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Units | 447,615 |
Restricted Stock Units One [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Units | 10 |
Grant Date | 9-Feb-11 |
Fair Value Per Unit | $5.15 |
Restricted Stock Units Two [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Units | 43,447 |
Grant Date | 11-Jan-12 |
Fair Value Per Unit | $3.89 |
Restricted Stock Units Three [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Units | 3,790 |
Grant Date | 25-Jul-12 |
Fair Value Per Unit | $4.10 |
Restricted Stock Units Four [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Units | 93,260 |
Grant Date | 16-Jan-13 |
Fair Value Per Unit | $5 |
Restricted Stock Units Five [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Units | 2,390 |
Grant Date | 6-Mar-13 |
Fair Value Per Unit | $5.91 |
Restricted Stock Units Six [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Units | 1,460 |
Grant Date | 24-Apr-13 |
Fair Value Per Unit | $5.99 |
Restricted Stock Units Seven [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Units | 22,204 |
Grant Date | 24-Jul-13 |
Fair Value Per Unit | $8.80 |
Restricted Stock Units Eight [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Units | 1,701 |
Grant Date | 9-Oct-13 |
Fair Value Per Unit | $6.61 |
Restricted Stock Units Nine [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Units | 85,928 |
Grant Date | 15-Jan-14 |
Fair Value Per Unit | $7.19 |
Performance units One [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Units | 36,301 |
Grant Date | 29-Jul-14 |
Fair Value Per Unit | $7.64 |
Performance units Two [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Units | 22,835 |
Grant Date | 29-Oct-14 |
Fair Value Per Unit | $8.41 |
Performance units Three [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Units | 134,289 |
Grant Date | 28-Jan-15 |
Fair Value Per Unit | $8.10 |
Stock_Compensation_Plans_Detai1
Stock Compensation Plans (Details 1) (USD $) | 1 Months Ended | 3 Months Ended |
Feb. 27, 2015 | Mar. 31, 2015 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Options, Converted | 353,831 | |
Employee Stock Option [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Outstanding - beginning of period | 985,071 | |
Options, Converted | 353,831 | |
Options, Exercised | -20,000 | |
Options, Forfeited | -79,578 | |
Outstanding - end of period | 1,239,324 | |
Exercisable - end of period | 1,239,324 | |
Weighted Average Exercise Price, Outstanding - Beginning of period | $7.51 | |
Weighted Average Exercise Price, Converted | $9.16 | |
Weighted Average Exercise Price, Exercised | $6.12 | |
Weighted Average Exercise Price, Forfeited | $16.89 | |
Weighted Average Exercise Price, Outstanding - End of period | $7.40 | |
Weighted Average Exercise Price, Exercisable - End of period | $7.40 |
Stock_Compensation_Plans_Detai2
Stock Compensation Plans (Details Textual) (USD $) | 1 Months Ended | 3 Months Ended | |
Feb. 27, 2015 | Mar. 31, 2015 | Mar. 31, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Stock-based compensation | $187,000 | $203,000 | |
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized | 1,900,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance | 447,615 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 353,831 | ||
Premier Stock Options [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value | 632,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 294,400 |
Fair_Value_of_Financial_Instru2
Fair Value of Financial Instruments (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Financial assets: | ||
Investment certificates of deposit | $18,822 | $15,632 |
Estimated fair value [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 43,840 | 34,369 |
Investment certificates of deposit | 18,895 | 15,705 |
Investment securities | 538,618 | 498,012 |
Loans | 1,927,189 | 1,784,477 |
Loans held for sale | 11,739 | 6,181 |
Investments held in trust | 7,664 | 7,342 |
Interest rate swaps | 648 | 224 |
Financial liabilities: | ||
Deposits | 2,028,575 | 1,834,333 |
Federal funds purchased | 17,380 | 29,500 |
Wholesale repurchase agreements | 22,284 | 22,252 |
Subordinated debt | 16,225 | 15,978 |
Junior subordinated notes | 19,546 | 12,515 |
Federal Home Loan Bank borrowings | 355,820 | 346,712 |
Non-qualified defined contribution plan liability | 7,664 | 7,342 |
Interest rate swaps | 361 | 492 |
Carrying Value [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 43,840 | 34,369 |
Investment certificates of deposit | 18,822 | 15,632 |
Investment securities | 536,083 | 496,798 |
Loans | 1,926,154 | 1,782,294 |
Loans held for sale | 11,739 | 6,181 |
Investments held in trust | 7,664 | 7,342 |
Interest rate swaps | 648 | 224 |
Financial liabilities: | ||
Deposits | 2,026,785 | 1,832,564 |
Federal funds purchased | 17,380 | 29,500 |
Wholesale repurchase agreements | 21,000 | 21,000 |
Subordinated debt | 15,500 | 15,500 |
Junior subordinated notes | 25,774 | 25,774 |
Federal Home Loan Bank borrowings | 355,800 | 346,700 |
Non-qualified defined contribution plan liability | 7,664 | 7,342 |
Interest rate swaps | $361 | $492 |
Fair_Value_of_Financial_Instru3
Fair Value of Financial Instruments (Details 1) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Assets measured at fair value on a recurring basis | ||
Available-for-sale Securities | $392,045 | $366,097 |
Quoted prices in active markets for identical assets (Level 1) [Member] | ||
Assets measured at fair value on a recurring basis | ||
Available-for-sale Securities | 4,699 | 4,465 |
Investments held in trust | 7,664 | 7,342 |
Interest rate swaps | 0 | 0 |
Non-qualified defined contribution plan liability | 7,664 | 7,342 |
Interest rate swaps | 0 | 0 |
Significant other observable inputs (Level 2) [Member] | ||
Assets measured at fair value on a recurring basis | ||
Available-for-sale Securities | 363,709 | 338,218 |
Investments held in trust | 0 | 0 |
Interest rate swaps | 648 | 224 |
Non-qualified defined contribution plan liability | 0 | 0 |
Interest rate swaps | 361 | 492 |
Significant unobservable inputs (Level 3) [Member] | ||
Assets measured at fair value on a recurring basis | ||
Available-for-sale Securities | 23,637 | 23,414 |
Investments held in trust | 0 | 0 |
Interest rate swaps | 0 | 0 |
Non-qualified defined contribution plan liability | 0 | 0 |
Interest rate swaps | $0 | $0 |
Fair_Value_of_Financial_Instru4
Fair Value of Financial Instruments (Details 2) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Beginning balance | $23,414 | $9,988 |
Purchases | 1,515 | 16,947 |
Acquisitions | 1,147 | 3,089 |
Redemptions | -2,439 | -6,610 |
Ending balance | $23,637 | $23,414 |
Fair_Value_of_Financial_Instru5
Fair Value of Financial Instruments (Details 3) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract] | ||
Real estate acquired in settlement of loans | $2,484 | $3,057 |
Quoted prices in active markets for identical assets (Level 1) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract] | ||
Loans held for sale | 0 | 0 |
Real estate acquired in settlement of loans | 0 | 0 |
Impaired loans, net of allowance | 0 | 0 |
Significant other observable inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract] | ||
Loans held for sale | 11,739 | 6,181 |
Real estate acquired in settlement of loans | 0 | 0 |
Impaired loans, net of allowance | 0 | 0 |
Significant unobservable inputs (Level 3) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract] | ||
Loans held for sale | 0 | 0 |
Real estate acquired in settlement of loans | 2,133 | 2,485 |
Impaired loans, net of allowance | $3,227 | $3,322 |
Fair_Value_of_Financial_Instru6
Fair Value of Financial Instruments (Details 4) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Dec. 31, 2014 |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Real Estate Acquired Through Foreclosure | 2,484 | $3,057 |
Significant unobservable inputs (Level 3) [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Federal Home Loan Bank Stock and Federal Reserve Bank Stock | 23,637 | |
Real Estate Acquired Through Foreclosure | 2,133 | 2,485 |
Impaired loans, net of allowance | 3,227 | $3,322 |
Redemption provisions [Member] | Federal Home Loan Bank stock and Federal Reserve Bank stock [Member] | Significant unobservable inputs (Level 3) [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Measurements, Valuation Techniques | Cost | |
Fair Value Inputs, Discount Rate | 0.00% | |
Discount To Reflect Current Market Conditions [Member] | Real Estate Acquired In Settlement Of Loans [Member] | Significant unobservable inputs (Level 3) [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Measurements, Valuation Techniques | Appraised value | |
Discount To Reflect Current Market Conditions [Member] | Real Estate Acquired In Settlement Of Loans [Member] | Significant unobservable inputs (Level 3) [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Inputs, Discount Rate | 52.00% | |
Discount To Reflect Current Market Conditions [Member] | Real Estate Acquired In Settlement Of Loans [Member] | Significant unobservable inputs (Level 3) [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Inputs, Discount Rate | 0.00% | |
Discount To Reflect Current Market Conditions [Member] | Impaired loans Net Of Allowance [Member] | Significant unobservable inputs (Level 3) [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Measurements, Valuation Techniques | Appraised value | |
Discount To Reflect Current Market Conditions [Member] | Impaired loans Net Of Allowance [Member] | Significant unobservable inputs (Level 3) [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Inputs, Discount Rate | 52.00% | |
Discount To Reflect Current Market Conditions [Member] | Impaired loans Net Of Allowance [Member] | Significant unobservable inputs (Level 3) [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Inputs, Discount Rate | 0.00% | |
Discount Rates [Member] | Significant unobservable inputs (Level 3) [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Measurements, Valuation Techniques | Discounted cash flows | |
Discount Rates [Member] | Significant unobservable inputs (Level 3) [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Inputs, Discount Rate | 7.50% | |
Discount Rates [Member] | Significant unobservable inputs (Level 3) [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Inputs, Discount Rate | 3.00% |
Fair_Value_of_Financial_Instru7
Fair Value of Financial Instruments (Details Textual) (USD $) | Mar. 31, 2015 |
Cash, FDIC Insured Amount | $250,000 |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income (Loss) (Details) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Components of accumulated other comprehensive income | ||
Unrealized gains on available for sale securities | $5,875 | $4,688 |
Funded status of pension plans | -5,220 | -5,220 |
Unrecognized gains (losses) on cash flow hedges | 183 | -163 |
Total accumulated other comprehensive income (loss) | $838 | ($695) |
Accumulated_Other_Comprehensiv3
Accumulated Other Comprehensive Income (Loss) (Details 1) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Unrealized gains (losses) on cash flow hedges, Income tax expense (benefit) | $75 | $0 |
Unrealized gains (losses) on cash flow hedges, Net of tax | 121 | 0 |
Amortization of net actuarial loss, Income tax expense (benefit) | 0 | 6 |
Amortization of net actuarial loss, Net of tax | 0 | 10 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Unrealized gains (losses) on cash flow hedges, Interest and fees on loans | 196 | |
Unrealized gains (losses) on cash flow hedges, Income tax expense (benefit) | -75 | |
Unrealized gains (losses) on cash flow hedges, Net of tax | 121 | |
Amortization of net actuarial loss, Personnel expense | 16 | |
Amortization of net actuarial loss, Income tax expense (benefit) | -6 | |
Amortization of net actuarial loss, Net of tax | 10 | |
Total reclassifications for the period | $121 | $10 |
Capital_Transactions_Details_T
Capital Transactions (Details Textual) (USD $) | 3 Months Ended | 0 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 14, 2014 | |
Capital Transaction [Line Items] | |||
Common Stock, Dividends, Per Share, Declared | $0.02 | $0 | |
Subordinated Debt [Member] | |||
Capital Transaction [Line Items] | |||
Proceeds from Issuance of Subordinated Long-term Debt | $15,500,000 | ||
Debt Instrument, Maturity Date | 14-Mar-24 | ||
Debt Instrument, Interest Rate, Stated Percentage | 7.25% | ||
Preferred Stock Series A [Member] | |||
Capital Transaction [Line Items] | |||
Preferred Stock Liquidation Preference | $1,000 | ||
Stock Redeemed or Called During Period, Shares | -15,000 | ||
Stock Redeemed or Called During Period, Value | 15,000,000 | ||
Payments of Dividends, Total | $172,500 |
Derivatives_Details_Textual
Derivatives (Details Textual) (USD $) | 3 Months Ended | ||
Mar. 31, 2015 | Nov. 13, 2014 | Aug. 08, 2014 | |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Derivative, Fixed Interest Rate | 0.98% | ||
Termination Value To Settle Obligations | $384,000 | ||
Other Assets [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Interest Rate Derivative Assets, at Fair Value | 352,000 | ||
Other Liabilities [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Interest Rate Derivative Liabilities, at Fair Value | 361,000 | ||
Interest Rate Swaps And Offsetting Swaps [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Derivative Liability, Notional Amount | 11,800,000 | ||
Derivative Liability, Collateral, Right to Reclaim Cash, Offset | 350,000 | ||
Interest Rate Swap [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Derivative Liability, Notional Amount | 50,000,000 | ||
Derivative, Fixed Interest Rate | 0.93% | ||
Derivative Liability, Collateral, Right to Reclaim Cash, Offset | 450,000 | ||
Proceeds from Interest Received | 196,000 | ||
Interest Rate Cash Flow Hedge Asset at Fair Value | 296,000 | ||
Interest Rate Swap [Member] | Collateralized Mortgage Backed Securities [Member] | |||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | |||
Derivative Liability, Fair Value of Collateral | $573,000 |