Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 05, 2013 | |
Document Information [Line Items] | ' | ' |
Entity Registrant Name | 'FIRST FINANCIAL CORP /IN/ | ' |
Entity Central Index Key | '0000714562 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Amendment Flag | 'false | ' |
Entity Common Stock, Shares Outstanding | ' | 13,307,498 |
Trading Symbol | 'THFF | ' |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $80,899 | $87,230 |
Federal funds sold | 3,420 | 20,800 |
Securities available-for-sale | 872,675 | 691,000 |
Loans: | ' | ' |
Commercial | 1,057,823 | 1,088,144 |
Residential | 482,477 | 496,237 |
Consumer | 269,282 | 268,507 |
Loans, gross | 1,809,582 | 1,852,888 |
Less: Unearned Income | -977 | -952 |
Less: Allowance for loan losses | -22,004 | -21,958 |
Loans, Net | 1,786,601 | 1,829,978 |
Restricted Stock | 21,050 | 21,292 |
Accrued interest receivable | 11,767 | 12,024 |
Premises and equipment, net | 51,875 | 47,308 |
Bank-owned life insurance | 78,679 | 77,295 |
Goodwill | 39,489 | 37,612 |
Other intangible assets | 5,253 | 3,893 |
Other real estate owned | 9,249 | 7,722 |
FDIC Indemnification Asset | 1,171 | 2,632 |
Other assets | 55,341 | 56,622 |
TOTAL ASSETS | 3,017,469 | 2,895,408 |
Deposits: | ' | ' |
Non-interest-bearing | 491,826 | 465,954 |
Interest-bearing: | ' | ' |
Certificates of deposit of $100 or more | 187,305 | 213,610 |
Other interest-bearing deposits | 1,807,897 | 1,596,570 |
Total Deposits | 2,487,028 | 2,276,134 |
Short-term borrowings | 27,929 | 40,551 |
Other borrowings | 58,362 | 119,705 |
Other liabilities | 69,073 | 86,896 |
TOTAL LIABILITIES | 2,642,392 | 2,523,286 |
Shareholders' equity | ' | ' |
Common stock, $.125 stated value per share; Authorized shares-40,000,000 Issued shares-14,516,113 in 2013 and 14,490,609 in 2012 Outstanding shares-13,307,498 in 2013 and 13,287,348 in 2012 | 1,810 | 1,808 |
Additional paid-in capital | 70,537 | 69,989 |
Retained earnings | 354,565 | 338,342 |
Accumulated other comprehensive income (loss) | -21,128 | -7,472 |
Less: Treasury shares at cost-1,208,615 in 2013 and 1,203,261 in 2012 | -30,707 | -30,545 |
TOTAL SHAREHOLDERS' EQUITY | 375,077 | 372,122 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $3,017,469 | $2,895,408 |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Certificates of deposit (in dollars) | $100 | $100 |
Common stock, stated value per share | $0.13 | $0.13 |
Common stock, Authorized shares | 40,000,000 | 40,000,000 |
Common stock, Issued shares | 14,516,113 | 14,490,609 |
Common stock, Outstanding shares | 13,307,498 | 13,287,348 |
Treasury, shares | 1,208,615 | 1,203,261 |
CONSOLIDATED_STATEMENTS_OF_INC
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
INTEREST INCOME: | ' | ' | ' | ' |
Loans, including related fees | $22,510 | $24,725 | $68,540 | $75,149 |
Securities: | ' | ' | ' | ' |
Taxable | 5,038 | 3,308 | 11,732 | 10,339 |
Tax-exempt | 1,750 | 1,827 | 5,281 | 5,442 |
Other | 421 | 568 | 1,413 | 1,781 |
TOTAL INTEREST INCOME | 29,719 | 30,428 | 86,966 | 92,711 |
INTEREST EXPENSE: | ' | ' | ' | ' |
Deposits | 1,349 | 1,881 | 4,625 | 6,714 |
Short-term borrowings | 23 | 33 | 62 | 116 |
Other borrowings | 549 | 1,108 | 2,570 | 3,648 |
TOTAL INTEREST EXPENSE | 1,921 | 3,022 | 7,257 | 10,478 |
NET INTEREST INCOME | 27,798 | 27,406 | 79,709 | 82,233 |
Provision for loan losses | 495 | 2,559 | 6,476 | 7,304 |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 27,303 | 24,847 | 73,233 | 74,929 |
NON-INTEREST INCOME: | ' | ' | ' | ' |
Trust and financial services | 1,402 | 1,413 | 4,331 | 4,332 |
Service charges and fees on deposit accounts | 2,693 | 2,560 | 7,341 | 7,166 |
Other service charges and fees | 2,818 | 2,506 | 8,044 | 7,237 |
Securities gains/(losses), net | 0 | 17 | 7 | 677 |
Total impairment losses | 0 | 0 | 0 | -11 |
Loss recognized in other comprehensive loss | 0 | 0 | 0 | 0 |
Net impairment loss recognized in earnings | 0 | 0 | 0 | -11 |
Insurance commissions | 1,896 | 1,736 | 5,800 | 5,426 |
Gain on sales of mortgage loans | 583 | 1,253 | 2,489 | 2,970 |
Other | 245 | 203 | 1,165 | 1,159 |
TOTAL NON-INTEREST INCOME | 9,637 | 9,688 | 29,177 | 28,956 |
NON-INTEREST EXPENSE: | ' | ' | ' | ' |
Salaries and employee benefits | 13,773 | 13,695 | 41,082 | 42,005 |
Occupancy expense | 1,544 | 1,465 | 4,642 | 4,370 |
Equipment expense | 1,686 | 1,335 | 4,724 | 4,016 |
FDIC Expense | 500 | 494 | 1,559 | 1,449 |
Other | 7,316 | 5,975 | 18,394 | 17,646 |
TOTAL NON-INTEREST EXPENSE | 24,819 | 22,964 | 70,401 | 69,486 |
INCOME BEFORE INCOME TAXES | 12,121 | 11,571 | 32,009 | 34,399 |
Provision for income taxes | 3,649 | 3,480 | 9,398 | 10,160 |
NET INCOME | 8,472 | 8,091 | 22,611 | 24,239 |
OTHER COMPREHENSIVE INCOME (LOSS) | ' | ' | ' | ' |
Change in unrealized gains/losses on securities, net of reclassifications | -3,790 | 3,123 | -24,660 | 3,763 |
Tax effect | 1,468 | -1,249 | 10,112 | -1,505 |
Unrealized gain (loss) on securities, net of tax | -2,322 | 1,874 | -14,548 | 2,258 |
Change in funded status of post retirement benefits | 566 | 645 | 1,486 | 1,932 |
Tax effect | -226 | -258 | -594 | -773 |
Net Current period other comprehensive other income, Retirement plans | -340 | -387 | -892 | -1,159 |
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) | -1,982 | 2,261 | -13,656 | 3,417 |
COMPREHENSIVE INCOME (LOSS) | $6,490 | $10,352 | $8,955 | $27,656 |
PER SHARE DATA | ' | ' | ' | ' |
Basic and Diluted Earnings per Share (in dollars per share) | $0.64 | $0.61 | $1.70 | $1.83 |
Dividends per Share (in dollars per share) | $0 | $0 | $0.48 | $0.47 |
Weighted average number of shares outstanding (in thousands) | 13,307 | 13,238 | 13,305 | 13,233 |
CONSOLIDATED_STATEMENTS_OF_SHA
CONSOLIDATED STATEMENTS OF SHAREHOLDERSb EQUITY (USD $) | Total | Common Stock [Member] | Additional Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income/(Loss) [Member] | Treasury Stock [Member] |
In Thousands, unless otherwise specified | ||||||
Balance at Dec. 31, 2011 | $346,961 | $1,806 | $69,328 | $318,130 | ($10,494) | ($31,809) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income | 24,239 | 0 | 0 | 24,239 | 0 | 0 |
Other comprehensive income (loss) | 3,417 | 0 | 0 | 0 | 3,417 | 0 |
Omnibus Equity Incentive Plan | 366 | 2 | 364 | 0 | 0 | 0 |
Cash Dividends | -6,222 | 0 | 0 | -6,222 | 0 | 0 |
Balance at Sep. 30, 2012 | 368,761 | 1,808 | 69,692 | 336,147 | -7,077 | -31,809 |
Balance at Jun. 30, 2012 | 358,287 | 1,807 | 69,571 | 328,056 | -9,338 | -31,809 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income | 8,091 | 0 | 0 | 8,091 | 0 | 0 |
Other comprehensive income (loss) | 2,261 | 0 | 0 | 0 | 2,261 | 0 |
Omnibus Equity Incentive Plan | 122 | 1 | 121 | 0 | 0 | 0 |
Cash Dividends | ' | ' | ' | ' | ' | ' |
Balance at Sep. 30, 2012 | 368,761 | 1,808 | 69,692 | 336,147 | -7,077 | -31,809 |
Balance at Dec. 31, 2012 | 372,122 | 1,808 | 69,989 | 338,342 | -7,472 | -30,545 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income | 22,611 | 0 | 0 | 22,611 | 0 | 0 |
Other comprehensive income (loss) | -13,656 | 0 | 0 | 0 | -13,656 | 0 |
Omnibus Equity Incentive Plan | 550 | 2 | 548 | 0 | 0 | 0 |
Cash Dividends | -6,388 | 0 | 0 | -6,388 | 0 | 0 |
Treasury stock purchase (5,354 shares) | -162 | ' | ' | ' | ' | -162 |
Balance at Sep. 30, 2013 | 375,077 | 1,810 | 70,537 | 354,565 | -21,128 | -30,707 |
Balance at Jun. 30, 2013 | 368,403 | 1,809 | 70,354 | 346,093 | -19,146 | -30,707 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income | 8,472 | 0 | 0 | 8,472 | 0 | 0 |
Other comprehensive income (loss) | -1,982 | 0 | 0 | 0 | -1,982 | 0 |
Omnibus Equity Incentive Plan | 184 | 1 | 183 | 0 | 0 | 0 |
Cash Dividends | ' | ' | ' | ' | ' | ' |
Balance at Sep. 30, 2013 | $375,077 | $1,810 | $70,537 | $354,565 | ($21,128) | ($30,707) |
CONSOLIDATED_STATEMENTS_OF_SHA1
CONSOLIDATED STATEMENTS OF SHAREHOLDERSb EQUITY (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Treasury stock purchase (in shares) | ' | ' | 5,354 | ' |
Cash Dividends (in dollars per share) | $0.48 | $0.47 | $0.48 | $0.47 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Net Income | $22,611 | $24,239 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Net amortization (accretion) of premiums and discounts on investments | 2,092 | 2,209 |
Provision for loan losses | 6,476 | 7,304 |
Securities (gains) losses | -7 | -677 |
Securities impairment loss | 0 | 11 |
(Gain) loss on sale of other real estate | 109 | 46 |
Restricted stock compensation | 550 | 366 |
Depreciation and amortization | 4,066 | 3,741 |
Other, net | 1,488 | 2,345 |
NET CASH FROM OPERATING ACTIVITIES | 37,385 | 39,584 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Proceeds from sales of securities available-for-sale | 5,052 | 9,015 |
Redemption of retricted stock | 250 | 1,172 |
Purchases of restricted stock | -8 | -186 |
Purchases of customer list | 0 | -114 |
Cash received (disbursed) from purchase of branches | 177,251 | 0 |
Redemption of bank owned life insurance | 0 | 7,319 |
Purchase of bank owned life insurance | 0 | -1,551 |
Calls, maturities and principal reductions on securities available-for-sale | 126,395 | 99,465 |
Purchases of securities available-for-sale | -339,872 | -96,953 |
Loans made to customers, net of repayment | 36,105 | 24,248 |
Proceeds from sales of other real estate owned | 1,251 | 3,210 |
Net change in federal funds sold | 17,380 | -44,048 |
Additions to premises and equipment | -1,850 | -7,318 |
NET CASH FROM INVESTING ACTIVITIES | 21,954 | -5,741 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Net change in deposits | 20,978 | -15,945 |
Net change in short-term borrowings | -12,622 | -56,025 |
Proceeds from other borrowings | 135,000 | 0 |
Maturities of other borrowings | -196,097 | -20,090 |
Purchase of treasury stock | -162 | 0 |
Dividends paid | -12,767 | -12,425 |
NET CASH FROM FINANCING ACTIVITIES | -65,670 | -104,485 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | -6,331 | -70,642 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 87,230 | 134,280 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $80,899 | $63,638 |
Significant_Accounting_Policie
Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Significant Accounting Policies | ' |
Significant Accounting Policies | |
The significant accounting policies followed by the Corporation and its subsidiaries for interim financial reporting are consistent with the accounting policies followed for annual financial reporting. All adjustments which are, in the opinion of management, necessary for a fair statement of the results for the periods reported have been included in the accompanying consolidated financial statements and are of a normal recurring nature. The Corporation reports financial information for only one segment, banking. Some items in the prior year financials were reclassified to conform to the current presentation. | |
The Omnibus Equity Incentive Plan is a long-term incentive plan that was designed to align the interests of participants with the interests of shareholders. Under the plan, awards may be made based on certain performance measures. The grants are made in restricted stock units that are subject to a vesting schedule. These shares vest over 3 years in increments of 33%, 33%, and 34% respectively. In 2013 and 2012, 30,219 and 39,643 shares were awarded, respectively. These shares had a grant date value of $0.9 million and $1.4 million for 2013 and 2012, vest over three years and their grant is not subject to future performance measures. Outstanding shares are increased at the award date for the total shares awarded. |
Allowance_for_Loan_Losses
Allowance for Loan Losses | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Allowance For Loan Losses Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Allowance for Loan Losses | ' | ||||||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||
The following table presents the activity of the allowance for loan losses by portfolio segment for the three months | |||||||||||||||||||||||||
ended September 30. | |||||||||||||||||||||||||
Allowance for Loan Losses: | September 30, 2013 | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Commercial | Residential | Consumer | Unallocated | Total | ||||||||||||||||||||
Beginning balance | $ | 14,531 | $ | 1,592 | $ | 3,637 | $ | 2,373 | $ | 22,133 | |||||||||||||||
Provision for loan losses* | (486 | ) | (266 | ) | 504 | 548 | 300 | ||||||||||||||||||
Loans charged -off | (388 | ) | (284 | ) | (840 | ) | — | (1,512 | ) | ||||||||||||||||
Recoveries | 361 | 398 | 324 | — | 1,083 | ||||||||||||||||||||
Ending Balance | $ | 14,018 | $ | 1,440 | $ | 3,625 | $ | 2,921 | $ | 22,004 | |||||||||||||||
* Provision before increase of $195 thousand in 2013for decrease in FDIC indemnification asset | |||||||||||||||||||||||||
Allowance for Loan Losses: | September 30, 2012 | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Commercial | Residential | Consumer | Unallocated | Total | ||||||||||||||||||||
Beginning balance | $ | 13,190 | $ | 2,124 | $ | 3,744 | $ | 1,034 | $ | 20,092 | |||||||||||||||
Provision for loan losses* | 765 | 1,594 | 196 | 85 | 2,640 | ||||||||||||||||||||
Loans charged -off | (715 | ) | (381 | ) | (779 | ) | — | (1,875 | ) | ||||||||||||||||
Recoveries | 167 | 36 | 397 | — | 600 | ||||||||||||||||||||
Ending Balance | $ | 13,407 | $ | 3,373 | $ | 3,558 | $ | 1,119 | $ | 21,457 | |||||||||||||||
* Provision before decrease of $81 thousand in 2012 for increase in FDIC indemnification asset | |||||||||||||||||||||||||
The following table presents the activity of the allowance for loan losses by portfolio segment for the nine months ended September30. | |||||||||||||||||||||||||
Allowance for Loan Losses: | September 30, 2013 | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Commercial | Residential | Consumer | Unallocated | Total | ||||||||||||||||||||
Beginning balance | $ | 10,987 | $ | 5,426 | $ | 3,879 | $ | 1,666 | $ | 21,958 | |||||||||||||||
Provision for loan losses* | 2,438 | 234 | 1,348 | 1,255 | 5,275 | ||||||||||||||||||||
Loans charged -off | (2,273 | ) | (4,683 | ) | (2,677 | ) | — | (9,633 | ) | ||||||||||||||||
Recoveries | 2,866 | 463 | 1,075 | — | 4,404 | ||||||||||||||||||||
Ending Balance | $ | 14,018 | $ | 1,440 | $ | 3,625 | $ | 2,921 | $ | 22,004 | |||||||||||||||
* Provision before increase of $1.2 million in 2013 for decrease in FDIC indemnification asset | |||||||||||||||||||||||||
Allowance for Loan Losses: | September 30, 2012 | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Commercial | Residential | Consumer | Unallocated | Total | ||||||||||||||||||||
Beginning balance | $ | 12,119 | $ | 2,728 | $ | 3,889 | $ | 505 | $ | 19,241 | |||||||||||||||
Provision for loan losses* | 3,642 | 2,859 | 1,185 | 614 | 8,300 | ||||||||||||||||||||
Loans charged -off | (2,917 | ) | (2,289 | ) | (2,635 | ) | — | (7,841 | ) | ||||||||||||||||
Recoveries | 563 | 75 | 1,119 | — | 1,757 | ||||||||||||||||||||
Ending Balance | $ | 13,407 | $ | 3,373 | $ | 3,558 | $ | 1,119 | $ | 21,457 | |||||||||||||||
* Provision before decrease of $1.0 million in 2012 for increase in FDIC indemnification asset | |||||||||||||||||||||||||
The following table presents the allocation of the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method at September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||
Allowance for Loan Losses | September 30, 2013 | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Commercial | Residential | Consumer | Unallocated | Total | ||||||||||||||||||||
Individually evaluated for impairment | $ | 5,510 | $ | — | $ | — | $ | — | $ | 5,510 | |||||||||||||||
Collectively evaluated for impairment | 7,698 | 1,254 | 3,625 | 2,921 | 15,498 | ||||||||||||||||||||
Acquired with deteriorated credit quality | 810 | 186 | — | — | 996 | ||||||||||||||||||||
Ending Balance | $ | 14,018 | $ | 1,440 | $ | 3,625 | $ | 2,921 | $ | 22,004 | |||||||||||||||
Loans: | September 30, 2013 | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Commercial | Residential | Consumer | Total | |||||||||||||||||||||
Individually evaluated for impairment | $ | 24,741 | $ | 226 | $ | — | $ | 24,967 | |||||||||||||||||
Collectively evaluated for impairment | 1,028,446 | 481,064 | 270,518 | 1,780,028 | |||||||||||||||||||||
Acquired with deteriorated credit quality | 10,142 | 2,736 | — | 12,878 | |||||||||||||||||||||
Ending Balance | $ | 1,063,329 | $ | 484,026 | $ | 270,518 | $ | 1,817,873 | |||||||||||||||||
Allowance for Loan Losses: | December 31, 2012 | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Commercial | Residential | Consumer | Unallocated | Total | ||||||||||||||||||||
Individually evaluated for impairment | 3,453 | 3,920 | — | — | 7,373 | ||||||||||||||||||||
Collectively evaluated for impairment | 7,286 | 1,506 | 3,879 | 1,666 | 14,337 | ||||||||||||||||||||
Acquired with deteriorated credit quality | 248 | — | — | — | 248 | ||||||||||||||||||||
Ending Balance | $ | 10,987 | $ | 5,426 | $ | 3,879 | $ | 1,666 | $ | 21,958 | |||||||||||||||
Loans | December 31, 2012 | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Commercial | Residential | Consumer | Total | |||||||||||||||||||||
Individually evaluated for impairment | 23,721 | 6,973 | — | 30,694 | |||||||||||||||||||||
Collectively evaluated for impairment | 1,056,861 | 487,486 | 269,882 | 1,814,229 | |||||||||||||||||||||
Acquired with deteriorated credit quality | 13,582 | 3,421 | 6 | 17,009 | |||||||||||||||||||||
Ending Balance | $ | 1,094,164 | $ | 497,880 | $ | 269,888 | $ | 1,861,932 | |||||||||||||||||
The following tables present loans individually evaluated for impairment by class of loans. | |||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
Unpaid | Recorded | Allowance | Average | Interest | Cash Basis | ||||||||||||||||||||
Principal | for Loan | Recorded | Income | Interest | |||||||||||||||||||||
Losses | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Balance | Investment | Allocated | Investment | Recognized | Recognized | |||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | $ | 3,725 | $ | 3,527 | $ | — | $ | 1,464 | $ | — | $ | — | |||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||
Non Farm, Non Residential | 24 | 24 | — | 6 | — | — | |||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||
All Other Commercial | — | — | — | — | — | — | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | — | — | — | 9 | — | — | |||||||||||||||||||
Home Equity | — | — | — | — | — | — | |||||||||||||||||||
Junior Liens | — | — | — | — | — | — | |||||||||||||||||||
Multifamily | — | — | — | — | — | — | |||||||||||||||||||
All Other Residential | — | — | — | — | — | — | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | — | — | — | — | — | — | |||||||||||||||||||
All Other Consumer | — | — | — | — | — | — | |||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | 10,789 | 10,789 | 3,353 | 14,131 | — | — | |||||||||||||||||||
Farmland | — | — | — | 446 | — | — | |||||||||||||||||||
Non Farm, Non Residential | 8,063 | 7,997 | 1,361 | 8,100 | — | — | |||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||
All Other Commercial | 4,107 | 4,107 | 896 | 3,458 | — | — | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 38 | 38 | — | 646 | — | — | |||||||||||||||||||
Home Equity | — | — | — | — | — | — | |||||||||||||||||||
Junior Liens | — | — | — | — | — | — | |||||||||||||||||||
Multifamily | — | — | — | 2,770 | — | — | |||||||||||||||||||
All Other Residential | — | — | — | — | — | — | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | — | — | — | — | — | — | |||||||||||||||||||
All Other Consumer | — | — | — | — | — | — | |||||||||||||||||||
TOTAL | $ | 26,746 | $ | 26,482 | $ | 5,610 | $ | 31,030 | $ | — | $ | — | |||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Unpaid | Recorded | Allowance | Average | Interest | Cash Basis | ||||||||||||||||||||
Principal | for Loan | Recorded | Income | Interest | |||||||||||||||||||||
Losses | Income | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Balance | Investment | Allocated | Investment | Recognized | Recognized | |||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | $ | — | $ | — | $ | — | $ | 1,013 | $ | — | $ | — | |||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||
Non Farm, Non Residential | — | — | — | 1,679 | — | — | |||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||
All Other Commercial | — | — | — | — | — | — | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | — | — | — | 150 | — | — | |||||||||||||||||||
Home Equity | — | — | — | — | — | — | |||||||||||||||||||
Junior Liens | — | — | — | — | — | — | |||||||||||||||||||
Multifamily | — | — | — | 50 | — | — | |||||||||||||||||||
All Other Residential | — | — | — | — | — | — | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | — | — | — | — | — | — | |||||||||||||||||||
All Other Consumer | — | — | — | — | — | — | |||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | 17,262 | 17,098 | 3,153 | 16,738 | — | — | |||||||||||||||||||
Farmland | 891 | 891 | 191 | 891 | — | — | |||||||||||||||||||
Non Farm, Non Residential | 7,438 | 7,386 | 293 | 5,000 | 179 | — | |||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||
All Other Commercial | 1,209 | 1,209 | 52 | 1,362 | — | — | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 1,254 | 1,254 | 126 | 1,230 | — | — | |||||||||||||||||||
Home Equity | 179 | 179 | — | 75 | — | — | |||||||||||||||||||
Junior Liens | — | — | — | 176 | — | — | |||||||||||||||||||
Multifamily | 5,540 | 5,540 | 3,794 | 2,216 | — | — | |||||||||||||||||||
All Other Residential | — | — | — | — | — | — | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | — | — | — | — | — | — | |||||||||||||||||||
All Other Consumer | — | — | — | — | — | — | |||||||||||||||||||
TOTAL | $ | 33,773 | $ | 33,557 | $ | 7,609 | $ | 30,580 | $ | 179 | $ | — | |||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
September 30, 2013 | September 30, 2013 | ||||||||||||||||||||||||
Average | Interest | Cash Basis | Average | Interest | Cash Basis | ||||||||||||||||||||
Recorded | Income | Interest Income | Recorded | Income | Interest Income | ||||||||||||||||||||
(Dollar amounts in thousands) | Investment | Recognized | Recognized | Investment | Recognized | Recognized | |||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | $ | 2,728 | $ | — | $ | — | $ | 1,464 | $ | — | $ | — | |||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||
Non Farm, Non Residential | 12 | — | — | 6 | — | — | |||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||
All Other Commercial | — | — | — | — | — | — | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 17 | — | — | 9 | — | — | |||||||||||||||||||
Home Equity | — | — | — | — | — | — | |||||||||||||||||||
Junior Liens | — | — | — | — | — | — | |||||||||||||||||||
Multifamily | — | — | — | — | — | — | |||||||||||||||||||
All Other Residential | — | — | — | — | — | — | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | — | — | — | — | — | — | |||||||||||||||||||
All Other Consumer | — | — | — | — | — | — | |||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | 11,627 | — | — | 14,131 | — | — | |||||||||||||||||||
Farmland | — | — | — | 446 | — | — | |||||||||||||||||||
Non Farm, Non Residential | 8,185 | — | — | 8,100 | — | — | |||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||
All Other Commercial | 4,148 | — | — | 3,458 | — | — | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 39 | — | — | 646 | — | — | |||||||||||||||||||
Home Equity | — | — | — | — | — | — | |||||||||||||||||||
Junior Liens | — | — | — | — | — | — | |||||||||||||||||||
Multifamily | — | — | — | 2,770 | — | — | |||||||||||||||||||
All Other Residential | — | — | — | — | — | — | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | — | — | — | — | — | — | |||||||||||||||||||
All Other Consumer | — | — | — | — | — | — | |||||||||||||||||||
TOTAL | $ | 26,756 | $ | — | $ | — | $ | 31,030 | $ | — | $ | — | |||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
September 30, 2012 | September 30, 2012 | ||||||||||||||||||||||||
Average | Interest | Cash Basis | Average | Interest | Cash Basis | ||||||||||||||||||||
Recorded | Income | Interest Income | Recorded | Income | Interest Income | ||||||||||||||||||||
(Dollar amounts in thousands) | Investment | Recognized | Recognized | Investment | Recognized | Recognized | |||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | $ | 2,531 | $ | — | $ | — | $ | 1,266 | $ | — | $ | — | |||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||
Non Farm, Non Residential | 987 | — | — | 2,098 | — | — | |||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||
All Other Commercial | — | — | — | — | — | — | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | — | — | — | 188 | — | — | |||||||||||||||||||
Home Equity | — | — | — | — | — | — | |||||||||||||||||||
Junior Liens | — | — | — | — | — | — | |||||||||||||||||||
Multifamily | — | — | — | 62 | — | — | |||||||||||||||||||
All Other Residential | — | — | — | — | — | — | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | — | — | — | — | — | — | |||||||||||||||||||
All Other Consumer | — | — | — | — | — | — | |||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | 15,427 | — | — | 16,648 | — | — | |||||||||||||||||||
Farmland | 891 | — | — | 891 | — | — | |||||||||||||||||||
Non Farm, Non Residential | 5,045 | — | — | 4,404 | — | — | |||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||
All Other Commercial | 1,313 | — | — | 1,400 | — | — | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 1,234 | — | — | 1,224 | — | — | |||||||||||||||||||
Home Equity | 99 | — | — | 49 | — | — | |||||||||||||||||||
Junior Liens | — | — | — | 220 | — | — | |||||||||||||||||||
Multifamily | 2,770 | — | — | 1,385 | — | — | |||||||||||||||||||
All Other Residential | — | — | — | — | — | — | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | — | — | — | — | — | — | |||||||||||||||||||
All Other Consumer | — | — | — | — | — | — | |||||||||||||||||||
TOTAL | $ | 30,297 | $ | — | $ | — | $ | 29,835 | $ | — | $ | — | |||||||||||||
The table below presents the recorded investment in non-performing loans. | |||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
Loans Past | Troubled | ||||||||||||||||||||||||
Due Over | Debt | ||||||||||||||||||||||||
90 Day Still | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Accruing | Restructurings | Nonaccrual | ||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | $ | 10 | $ | 10,083 | $ | 5,061 | |||||||||||||||||||
Farmland | — | — | 179 | ||||||||||||||||||||||
Non Farm, Non Residential | 37 | 6,215 | 5,189 | ||||||||||||||||||||||
Agriculture | — | — | 116 | ||||||||||||||||||||||
All Other Commercial | — | — | 4,165 | ||||||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 747 | 4,276 | 4,414 | ||||||||||||||||||||||
Home Equity | 22 | — | 188 | ||||||||||||||||||||||
Junior Liens | 147 | — | 547 | ||||||||||||||||||||||
Multifamily | — | — | 452 | ||||||||||||||||||||||
All Other Residential | — | — | 135 | ||||||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | 172 | 626 | 186 | ||||||||||||||||||||||
All Other Consumer | 4 | 17 | 1,168 | ||||||||||||||||||||||
TOTAL | $ | 1,139 | $ | 21,217 | $ | 21,800 | |||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Loans Past | Troubled | ||||||||||||||||||||||||
Due Over | Debt | ||||||||||||||||||||||||
90 Day Still | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Accruing | Restructurings | Nonaccrual | ||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | $ | 724 | $ | 11,573 | $ | 9,360 | |||||||||||||||||||
Farmland | 231 | — | 907 | ||||||||||||||||||||||
Non Farm, Non Residential | 491 | 4,836 | 6,718 | ||||||||||||||||||||||
Agriculture | 69 | — | 104 | ||||||||||||||||||||||
All Other Commercial | — | — | 4,811 | ||||||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 1,237 | 4,126 | 6,852 | ||||||||||||||||||||||
Home Equity | 24 | — | 196 | ||||||||||||||||||||||
Junior Liens | 538 | — | 405 | ||||||||||||||||||||||
Multifamily | 101 | — | 5,598 | ||||||||||||||||||||||
All Other Residential | — | — | 150 | ||||||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | 133 | 685 | 174 | ||||||||||||||||||||||
All Other Consumer | 3 | 16 | 1,519 | ||||||||||||||||||||||
TOTAL | $ | 3,551 | $ | 21,236 | $ | 36,794 | |||||||||||||||||||
Loans covered by loss share agreements with the FDIC included in loans past due over 90 days still on accrual are $76 thousand at September 30, 2013 and $630 thousand at December 31, 2012. Covered loans included in non-accrual loans are $2.7 million at September 30, 2013 and $4.3 million at December 31, 2012. Covered loans of $1.7 million at September 30, 2013 and $2.9 million at December 31, 2012 are deemed impaired and have allowance for loan loss allocated to them of $100 thousand and $236 thousand, respectively for September 30, 2013 and December 31, 2012. Non-performing loans include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. | |||||||||||||||||||||||||
The following table presents the aging of the recorded investment in loans by past due category and class of loans. | |||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater | Total | ||||||||||||||||||||||
than 90 days | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Past Due | Past Due | Past Due | Past Due | Current | Total | |||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | $ | 1,863 | $ | 1,096 | $ | 10,830 | $ | 13,789 | $ | 466,057 | $ | 479,846 | |||||||||||||
Farmland | 58 | — | 123 | 181 | 85,479 | 85,660 | |||||||||||||||||||
Non Farm, Non Residential | 204 | 464 | 3,080 | 3,748 | 255,676 | 259,424 | |||||||||||||||||||
Agriculture | 280 | — | 1 | 281 | 129,151 | 129,432 | |||||||||||||||||||
All Other Commercial | 260 | 102 | — | 362 | 108,605 | 108,967 | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 1,701 | 1,563 | 1,889 | 5,153 | 331,226 | 336,379 | |||||||||||||||||||
Home Equity | 177 | 9 | 22 | 208 | 42,288 | 42,496 | |||||||||||||||||||
Junior Liens | 248 | 57 | 659 | 964 | 32,864 | 33,828 | |||||||||||||||||||
Multifamily | 20 | — | 404 | 424 | 60,584 | 61,008 | |||||||||||||||||||
All Other Residential | — | 26 | — | 26 | 10,289 | 10,315 | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | 3,250 | 474 | 189 | 3,913 | 244,281 | 248,194 | |||||||||||||||||||
All Other Consumer | 152 | 9 | 4 | 165 | 22,159 | 22,324 | |||||||||||||||||||
TOTAL | $ | 8,213 | $ | 3,800 | $ | 17,201 | $ | 29,214 | $ | 1,788,659 | $ | 1,817,873 | |||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater | Total | ||||||||||||||||||||||
than 90 days | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Past Due | Past Due | Past Due | Past Due | Current | Total | |||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | $ | 1,315 | $ | 861 | $ | 3,616 | $ | 5,792 | $ | 487,160 | $ | 492,952 | |||||||||||||
Farmland | 534 | — | 1,122 | 1,656 | 87,270 | 88,926 | |||||||||||||||||||
Non Farm, Non Residential | 5,618 | 1,004 | 2,449 | 9,071 | 290,023 | 299,094 | |||||||||||||||||||
Agriculture | 137 | — | 78 | 215 | 130,404 | 130,619 | |||||||||||||||||||
All Other Commercial | 568 | 202 | 350 | 1,120 | 81,453 | 82,573 | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 8,359 | 1,659 | 4,599 | 14,617 | 336,230 | 350,847 | |||||||||||||||||||
Home Equity | 143 | 15 | 24 | 182 | 43,317 | 43,499 | |||||||||||||||||||
Junior Liens | 555 | 98 | 586 | 1,239 | 36,535 | 37,774 | |||||||||||||||||||
Multifamily | 52 | — | 5,641 | 5,693 | 49,019 | 54,712 | |||||||||||||||||||
All Other Residential | 214 | — | — | 214 | 10,834 | 11,048 | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | 4,164 | 600 | 182 | 4,946 | 241,303 | 246,249 | |||||||||||||||||||
All Other Consumer | 225 | 93 | 3 | 321 | 23,318 | 23,639 | |||||||||||||||||||
TOTAL | $ | 21,884 | $ | 4,532 | $ | 18,650 | $ | 45,066 | $ | 1,816,866 | $ | 1,861,932 | |||||||||||||
Troubled Debt Restructurings: | |||||||||||||||||||||||||
The Corporation has allocated $4.1 million and $1.6 million of specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of September 30, 2013 and December 31, 2012. The Corporation has not committed to lend additional amounts as of September 30, 2013 and December 31, 2012 to customers with outstanding loans that are classified as troubled debt restructurings. Modification of the terms of such loans typically include one or a combination of the following: a reduction of the stated interest rate of the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk. No modification in 2013 or 2012 resulted in permanent reduction of the recorded investment in the loan. There were $1.6 million in modifications that were troubled debt restructurings in the quarter ended September 30, 2013 and $5.1 million for the three months ended September 30, 2012, resulting in no impact to the allowance for loan losses. In the third quarter of 2013 and 2012 there were non farm, non residential loans for $1.5 million and $4.9 million respectively that were collateralized well enough to expect no loss. The remaining loans added were all other consumer loans. There were no loans that defaulted during the nine months ended September 30, 2013 that had been restructured within the past 12 months. There were $15 thousand in loans that defaulted during the three and nine months ended September 30, 2012 that had been restructured within the past 12 months. | |||||||||||||||||||||||||
Credit Quality Indicators: | |||||||||||||||||||||||||
The Corporation categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Corporation analyzes loans individually by classifying the loans as to credit risk. This analysis includes non-homogeneous loans, such as commercial loans, with an outstanding balance greater than $100 thousand. Any consumer loans outstanding to a borrower who had commercial loans analyzed will be similarly risk rated. This analysis is performed on a quarterly basis. The Corporation uses the following definitions for risk ratings: | |||||||||||||||||||||||||
Special Mention: Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. | |||||||||||||||||||||||||
Substandard: Loans classified as substandard are inadequately protected by the current net worth and debt service capacity of the borrower or of any pledged collateral. These loans have a well-defined weakness or weaknesses which have clearly jeopardized repayment of principal and interest as originally intended. They are characterized by the distinct possibility that the institution will sustain some future loss if the deficiencies are not corrected. | |||||||||||||||||||||||||
Doubtful: Loans classified as doubtful have all the weaknesses inherent in those graded substandard, with the added characteristic that the severity of the weaknesses makes collection or liquidation in full highly questionable or improbable based upon currently existing facts, conditions, and values. | |||||||||||||||||||||||||
Furthermore, non-homogeneous loans which were not individually analyzed, but are 90+ days past due or on non-accrual are classified as substandard. Loans included in homogeneous pools, such as residential or consumer may be classified as substandard due to 90+ days delinquency, non-accrual status, bankruptcy, or loan restructuring. | |||||||||||||||||||||||||
Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Loans listed as not rated are either less than $100 thousand or are included in groups of homogeneous loans. As of September 30, 2013 and December 31, 2012, and based on the most recent analysis performed, the risk category of loans by class of loans are as follows: | |||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Pass | Special | Substandard | Doubtful | Not Rated | Total | |||||||||||||||||||
Mention | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | $ | 417,192 | $ | 19,532 | $ | 28,254 | $ | 6,656 | $ | 7,159 | $ | 478,793 | |||||||||||||
Farmland | 79,780 | 3,717 | 435 | — | 129 | 84,061 | |||||||||||||||||||
Non Farm, Non Residential | 228,337 | 8,266 | 20,812 | 543 | 826 | 258,784 | |||||||||||||||||||
Agriculture | 122,541 | 4,939 | 80 | — | 111 | 127,671 | |||||||||||||||||||
All Other Commercial | 93,628 | 3,639 | 10,550 | 47 | 650 | 108,514 | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 115,051 | 4,217 | 8,274 | 1,245 | 206,439 | 335,226 | |||||||||||||||||||
Home Equity | 13,207 | 370 | 1,526 | 113 | 27,209 | 42,425 | |||||||||||||||||||
Junior Liens | 9,088 | 39 | 631 | 241 | 23,708 | 33,707 | |||||||||||||||||||
Multifamily | 56,738 | 2,473 | 1,568 | 48 | 8 | 60,835 | |||||||||||||||||||
All Other Residential | 3,285 | — | 33 | — | 6,966 | 10,284 | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | 11,752 | 290 | 358 | 9 | 234,689 | 247,098 | |||||||||||||||||||
All Other Consumer | 3,670 | 76 | 64 | 23 | 18,351 | 22,184 | |||||||||||||||||||
TOTAL | $ | 1,154,269 | $ | 47,558 | $ | 72,585 | $ | 8,925 | $ | 526,245 | $ | 1,809,582 | |||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Pass | Special | Substandard | Doubtful | Not Rated | Total | |||||||||||||||||||
Mention | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | $ | 414,680 | $ | 31,368 | $ | 31,442 | $ | 7,138 | $ | 7,025 | $ | 491,653 | |||||||||||||
Farmland | 81,977 | 2,718 | 1,616 | — | 805 | 87,116 | |||||||||||||||||||
Non Farm, Non Residential | 249,614 | 25,764 | 22,038 | 831 | 42 | 298,289 | |||||||||||||||||||
Agriculture | 119,789 | 8,921 | 134 | — | 62 | 128,906 | |||||||||||||||||||
All Other Commercial | 69,952 | 132 | 11,239 | 54 | 803 | 82,180 | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 113,360 | 8,986 | 11,516 | 689 | 215,034 | 349,585 | |||||||||||||||||||
Home Equity | 13,035 | 469 | 1,631 | 23 | 28,267 | 43,425 | |||||||||||||||||||
Junior Liens | 10,419 | 50 | 515 | 70 | 26,575 | 37,629 | |||||||||||||||||||
Multifamily | 42,719 | 3,328 | 8,481 | 59 | — | 54,587 | |||||||||||||||||||
All Other Residential | 2,840 | — | 35 | — | 8,136 | 11,011 | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | 11,695 | 262 | 311 | 25 | 232,727 | 245,020 | |||||||||||||||||||
All Other Consumer | 4,614 | 73 | 104 | 21 | 18,675 | 23,487 | |||||||||||||||||||
TOTAL | $ | 1,134,694 | $ | 82,071 | $ | 89,062 | $ | 8,910 | $ | 538,151 | $ | 1,852,888 | |||||||||||||
Securities
Securities | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Securities | ' | ||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Amortized | Unrealized | Unrealized | Fair Value | |||||||||||||||||||||
Cost | Gains | Losses | |||||||||||||||||||||||
U.S. Government agencies | $ | 1,625 | $ | 6 | $ | — | $ | 1,631 | |||||||||||||||||
Mortgage Backed Securities - Residential | 203,624 | 8,386 | (1,783 | ) | 210,227 | ||||||||||||||||||||
Mortgage Backed Securities - Commercial | 4,768 | 1 | (246 | ) | 4,523 | ||||||||||||||||||||
Collateralized Mortgage Obligations | 466,978 | 1,918 | (12,784 | ) | 456,112 | ||||||||||||||||||||
State and Municipal Obligations | 186,632 | 7,011 | (1,647 | ) | 191,996 | ||||||||||||||||||||
Collateralized Debt Obligations | 11,007 | 3,681 | (7,164 | ) | 7,524 | ||||||||||||||||||||
Equity Securities | 320 | 342 | — | 662 | |||||||||||||||||||||
TOTAL | $ | 874,954 | $ | 21,345 | $ | (23,624 | ) | $ | 872,675 | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Amortized | Unrealized | Unrealized | Fair Value | |||||||||||||||||||||
Cost | Gains | Losses | |||||||||||||||||||||||
U.S. Government agencies | $ | 1,807 | $ | 79 | $ | — | $ | 1,886 | |||||||||||||||||
Mortgage Backed Securities-residential | 231,316 | 13,373 | (13 | ) | 244,676 | ||||||||||||||||||||
Mortgage Backed Securities-commercial | 5,146 | 1 | (16 | ) | 5,131 | ||||||||||||||||||||
Collateralized mortgage obligations | 230,739 | 2,827 | (246 | ) | 233,320 | ||||||||||||||||||||
State and municipal | 187,044 | 12,518 | (77 | ) | 199,485 | ||||||||||||||||||||
Collateralized debt obligations | 12,243 | 1,761 | (7,882 | ) | 6,122 | ||||||||||||||||||||
Equities | 320 | 60 | — | 380 | |||||||||||||||||||||
TOTAL | $ | 668,615 | $ | 30,619 | $ | (8,234 | ) | $ | 691,000 | ||||||||||||||||
Contractual maturities of debt securities at September 30, 2013 were as follows. Securities not due at a single maturity or with no maturity date, primarily mortgage-backed and equity securities are shown separately. | |||||||||||||||||||||||||
Available-for-Sale | |||||||||||||||||||||||||
Amortized | Fair | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Cost | Value | |||||||||||||||||||||||
Due in one year or less | $ | 12,171 | $ | 12,263 | |||||||||||||||||||||
Due after one but within five years | 35,071 | 36,659 | |||||||||||||||||||||||
Due after five but within ten years | 83,992 | 86,735 | |||||||||||||||||||||||
Due after ten years | 535,008 | 521,606 | |||||||||||||||||||||||
666,242 | 657,263 | ||||||||||||||||||||||||
Mortgage-backed securities and equities | 208,712 | 215,412 | |||||||||||||||||||||||
TOTAL | $ | 874,954 | $ | 872,675 | |||||||||||||||||||||
There were $7 thousand in gains and no losses from investment sales realized by the Corporation for the nine months ended September 30, 2013. For the three months ended September 30, 2013 there were no gains or losses on investment securities. There were $683 thousand in gains and $6 thousand in losses from investment sales, and $11 thousand in losses from OTTI realized by the Corporation for the nine months ended September 30, 2012. The $11 thousand of OTTI was realized in the second quarter of 2012. For the three months ended September 30, 2012 there were $19 thousand in gains and $2 thousand in losses from investment sales. | |||||||||||||||||||||||||
The following tables show the securities’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position, at September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
Less Than 12 Months | More Than 12 Months | Total | |||||||||||||||||||||||
Unrealized | Unrealized | Unrealized | |||||||||||||||||||||||
(Dollar amounts in thousands) | Fair Value | Losses | Fair Value | Losses | Fair Value | Losses | |||||||||||||||||||
Mortgage Backed Securities - Residential | $ | 60,541 | $ | (1,783 | ) | $ | — | $ | — | $ | 60,541 | $ | (1,783 | ) | |||||||||||
Mortgage Backed Securities - Commercial | 4,486 | (246 | ) | — | — | 4,486 | (246 | ) | |||||||||||||||||
Collateralized mortgage obligations | 333,189 | (12,258 | ) | 8,791 | (526 | ) | 341,980 | (12,784 | ) | ||||||||||||||||
State and municipal obligations | 38,538 | (1,553 | ) | 991 | (94 | ) | 39,529 | (1,647 | ) | ||||||||||||||||
Collateralized Debt Obligations | — | — | 3,843 | (7,164 | ) | 3,843 | (7,164 | ) | |||||||||||||||||
Total temporarily impaired securities | $ | 436,754 | $ | (15,840 | ) | $ | 13,625 | $ | (7,784 | ) | $ | 450,379 | $ | (23,624 | ) | ||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Less Than 12 Months | More Than 12 Months | Total | |||||||||||||||||||||||
Unrealized | Unrealized | Unrealized | |||||||||||||||||||||||
(Dollar amounts in thousands) | Fair Value | Losses | Fair Value | Losses | Fair Value | Losses | |||||||||||||||||||
Mortgage Backed Securities - Residential | $ | 7,245 | $ | (13 | ) | $ | — | $ | — | $ | 7,245 | $ | (13 | ) | |||||||||||
Mortgage Backed Securities - Commercial | 5,086 | (16 | ) | — | — | 5,086 | (16 | ) | |||||||||||||||||
Collateralized mortgage obligations | 46,121 | (246 | ) | — | — | 46,121 | (246 | ) | |||||||||||||||||
State and municipal obligations | 8,611 | (77 | ) | — | — | 8,611 | (77 | ) | |||||||||||||||||
Collateralized Debt Obligations | — | — | 4,032 | (7,882 | ) | 4,032 | (7,882 | ) | |||||||||||||||||
Total temporarily impaired securities | $ | 67,063 | $ | (352 | ) | $ | 4,032 | $ | (7,882 | ) | $ | 71,095 | $ | (8,234 | ) | ||||||||||
Management evaluates securities for other-than-temporary impairment (“OTTI”) at least on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. The investment securities portfolio is evaluated for OTTI by segregating the portfolio into two general segments and applying the appropriate OTTI model. Investment securities are generally evaluated for OTTI under FASB ASC 320, Investments - Debt and Equity Securities. However, certain purchased beneficial interests, including non-agency mortgage-backed securities, asset-backed securities, and collateralized debt obligations, that had credit ratings at the time of purchase of below AA are evaluated using the model outlined in FASB ASC 325-40, Beneficial Interests in Securitized Financial Assets. | |||||||||||||||||||||||||
In determining OTTI under the FASB ASC 320 model, management considers many factors, including: (1)the length of time and the extent to which the fair value has been less than cost, (2)the financial condition and near-term prospects of the issuer, (3) whether the market decline was affected by macroeconomic conditions, and (4) whether the entity has the intent to sell the security or more likely than not will be required to sell the security before its anticipated recovery. The assessment of whether an other-than-temporary decline exists involves a high degree of subjectivity and judgment and is based on the information available to management at a point in time. | |||||||||||||||||||||||||
The second segment of the portfolio uses the OTTI guidance provided by FASB ASC 325 that is specific to purchased beneficial interests that, on the purchase date, were rated below AA. Under the FASB ASC 325 model, the Company compares the present value of the remaining cash flows as estimated at the preceding evaluation date to the current expected remaining cash flows. An OTTI is deemed to have occurred if there has been an adverse change in the remaining expected future cash flows. | |||||||||||||||||||||||||
When OTTI occurs under either model, the amount of the OTTI recognized in earnings depends on whether an entity intends to sell the security or it is more likely than not it will be required to sell the security before recovery of its amortized cost basis, less any current-period credit loss. If an entity intends to sell or it is more likely than not it will be required to sell the security before recovery of its amortized cost basis, less any current-period credit loss, the OTTI shall be recognized in earnings equal to the entire difference between the investment’s amortized cost basis and its fair value at the balance sheet date. If an entity does not intend to sell the security and it is not more likely than not that the entity will be required to sell the security before recovery of its amortized cost basis less any current-period loss, the OTTI shall be separated into the amount representing the credit loss and the amount related to all other factors. The amount of the total OTTI related to the credit loss is determined based on the present value of cash flows expected to be collected and is recognized in earnings. The amount of the total OTTI related to other factors is recognized in other comprehensive income, net of applicable taxes. The previous amortized cost basis less the OTTI recognized in earnings becomes the new amortized cost basis of the investment. | |||||||||||||||||||||||||
Gross unrealized losses on investment securities were $23.6 million as of September 30, 2013 and $8.2 million as of December 31, 2012. A majority of these losses represent negative adjustments to market value relative to the interest rate environment reflecting the increase in market rates in 2013 and not losses related to the creditworthiness of the issuer. Based upon our review of the issuers, we do not believe these investments to be other than temporarily impaired. Management does not intend to sell these securities and it is not more likely than not that we will be required to sell them before their anticipated recovery. | |||||||||||||||||||||||||
A significant portion of the securities in an unrealized loss position for more than 12 months relate to collateralized debt obligations that were separately evaluated under FASB ASC 325-40, Beneficial Interests in Securitized Financial Assets. Based upon qualitative considerations, such as a down grade in credit rating or further defaults of underlying issuers during the quarter, and an analysis of expected cash flows, we have determined that three of the CDO’s included in collateralized debt obligations were other-than-temporarily impaired, though no impairment was identified during 2013. Those three CDO’s have a contractual balance of $26.7 million at September 30, 2013 which has been reduced to $7.0 million by $1.4 million of interest payments received, $14.9 million of cumulative OTTI charges recorded through earnings to date, and $3.4 million recorded in other comprehensive income ($2.1 million after tax effect). The severity of the OTTI recorded varies by security, based on the analysis described below, and ranges at September 30, 2013 from 28% to 94%. The losses recorded in other comprehensive income represents temporary impairment due to factors other than credit loss, mainly current market illiquidity. The issuers in these securities are primarily banks, but some of the pools do include a limited number of insurance companies. The market for these securities has become very illiquid, there are very few new issuances of trust preferred securities and the credit spreads implied by current prices have increased dramatically and remain very high, resulting in significant non-credit related impairment. The Company uses the OTTI evaluation model to compare the present value of expected cash flows to the previous estimate to ensure there are no adverse changes in cash flows during the quarter. The OTTI model considers the structure and term of the CDO and the financial condition of the underlying issuers. Specifically, the model details interest rates, principal balances of note classes and underlying issuers, the timing and amount of interest and principal payments of the underlying issuers, and the allocation of the payments to the note classes. Cash flows are projected using a forward rate LIBOR curve, as these CDOs are variable rate instruments. An average rate is then computed using this same forward rate curve to determine an appropriate discount rate (3 month LIBOR plus margin ranging from 160 to 180 basis points). The current estimate of expected cash flows is based on the most recent trustee reports and any other relevant market information including announcements of interest payment deferrals or defaults of underlying trust preferred securities. Assumptions used in the model include expected future default rates and prepayments. In addition we use the model to “stress” each CDO, or make assumptions more severe than expected activity, to determine the degree to which assumptions could deteriorate before the CDO could no longer fully support repayment of the Company’s note class. | |||||||||||||||||||||||||
In the third quarter of 2013, the Corporation received a $1.3 million payment on a CDO that had a book value of $0.2 million. The payment in excess of book value is recognized as interest income. This CDO had the highest severity of recorded impairment and while a payment by the issuer was expected, such payment was not projected until maturity in the OTTI evaluation at June 30, 2013. The future payments, if any, on this CDO cannot be predicted with enough accuracy that such future payments will be recorded as interest income when received. | |||||||||||||||||||||||||
Collateralized debt obligations include an investment in a CDO consisting of pooled trust preferred securities in which the issuers are primarily banks. This CDO with an amortized cost of $606 thousand and a fair value of $548 thousand is rated BAA3 and is the senior tranche, is not in the scope of FASB ASC 325, as it was rated high investment grade at purchase, and is not considered to be other-than-temporarily impaired based on its credit quality. Its fair value is negatively impacted by the factors described above. | |||||||||||||||||||||||||
Management has consistently used Standard & Poors pricing to value these investments. There are a number of other pricing sources available to determine fair value for these investments. These sources utilize a variety of methods to determine fair value. The result is a wide range of estimates of fair value for these securities. The Standard & Poors pricing ranges from 4.4 to 90.3 while Moody Investor Service pricing ranges from .32 to 90.5, with others falling somewhere in between. We recognize that the Standard & Poors pricing utilized is an estimate, but have been consistent in using this source and its estimate of fair value. | |||||||||||||||||||||||||
Equity securities relate to investments in a bank stock held at the holding company. In the second quarter of 2012 the Corporation recognized other-than-temporary impairment on this equity security in the amount of $11 thousand. On October 1, 2013 it was announced that another bank was acquiring this security and the Corporation intends to sell acquiring bank's security when the acquisition has been completed. | |||||||||||||||||||||||||
The table below presents a rollforward of the credit losses recognized in earnings for the three and nine month periods ended September 30, 2013 and 2012: | |||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||
(Dollar amounts in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||
Beginning balance | $ | 14,983 | $ | 14,983 | $ | 14,983 | $ | 15,180 | |||||||||||||||||
Increases to the amount related to the credit | |||||||||||||||||||||||||
Loss for which other-than-temporary was previously recognized | — | — | — | 11 | |||||||||||||||||||||
Reductions for increases in cash flows collected | (581 | ) | — | (581 | ) | — | |||||||||||||||||||
Amounts realized for securities sold during the period | — | — | — | (208 | ) | ||||||||||||||||||||
Ending balance | $ | 14,402 | $ | 14,983 | $ | 14,402 | $ | 14,983 | |||||||||||||||||
Fair_Value
Fair Value | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value | ' | ||||||||||||||||||||
Fair Value | |||||||||||||||||||||
FASB ASC No. 820-10 establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: | |||||||||||||||||||||
Level 1: Quoted prices (unadjusted) of identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. | |||||||||||||||||||||
Level 2: Significant other observable inputs other than Level I prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. | |||||||||||||||||||||
Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. | |||||||||||||||||||||
The fair value of most securities available for sale is determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs) or matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). | |||||||||||||||||||||
For those securities that cannot be priced using quoted market prices or observable inputs a Level 3 valuation is determined. These securities are primarily trust preferred securities, which are priced using Level 3 due to current market illiquidity and certain investments in state and municipal securities. The fair value of the trust preferred securities is obtained from a third party provider without adjustment. As described previously, management obtains values from other pricing sources to validate the Standard & Poors pricing that they currently utilize. The fair value of state and municipal obligations are derived by comparing the securities to current market rates plus an appropriate credit spread to determine an estimated value. Illiquidity spreads are then considered. Credit reviews are performed on each of the issuers. The significant unobservable inputs used in the fair value measurement of the Corporation’s state and municipal obligations are credit spreads related to specific issuers. Significantly higher credit spread assumptions would result in significantly lower fair value measurement. Conversely, significantly lower credit spreads would result in a significantly higher fair value measurements. | |||||||||||||||||||||
The fair value of derivatives is based on valuation models using observable market data as of the measurement date (Level 2 inputs). | |||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Fair Value Measurements Using Significant | |||||||||||||||||||||
Unobservable Inputs (Level 3) | |||||||||||||||||||||
(Dollar amounts in thousands) | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||
U.S. Government agencies | $ | — | $ | 1,631 | $ | — | $ | 1,631 | |||||||||||||
Mortgage Backed Securities-residential | — | 210,227 | — | 210,227 | |||||||||||||||||
Mortgage Backed Securities-commercial | — | 4,523 | — | 4,523 | |||||||||||||||||
Collateralized mortgage obligations | — | 456,112 | — | 456,112 | |||||||||||||||||
State and municipal | — | 187,472 | 4,524 | 191,996 | |||||||||||||||||
Collateralized debt obligations | — | — | 7,524 | 7,524 | |||||||||||||||||
Equities | 662 | — | — | 662 | |||||||||||||||||
TOTAL | $ | 662 | $ | 859,965 | $ | 12,048 | $ | 872,675 | |||||||||||||
Derivative Assets | 1,381 | ||||||||||||||||||||
Derivative Liabilities | (1,381 | ) | |||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Fair Value Measurements Using Significant | |||||||||||||||||||||
Unobservable Inputs (Level 3) | |||||||||||||||||||||
(Dollar amounts in thousands) | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||
U.S. Government agencies | $ | — | $ | 1,886 | $ | — | $ | 1,886 | |||||||||||||
Mortgage Backed Securities-residential | — | 244,676 | — | 244,676 | |||||||||||||||||
Mortgage Backed Securities-commercial | — | 5,131 | — | 5,131 | |||||||||||||||||
Collateralized mortgage obligations | — | 233,320 | — | 233,320 | |||||||||||||||||
State and municipal | — | 189,574 | 9,911 | 199,485 | |||||||||||||||||
Collateralized debt obligations | — | — | 6,122 | 6,122 | |||||||||||||||||
Equities | 380 | — | — | 380 | |||||||||||||||||
TOTAL | $ | 380 | $ | 674,587 | $ | 16,033 | $ | 691,000 | |||||||||||||
Derivative Assets | 2,053 | ||||||||||||||||||||
Derivative Liabilities | (2,053 | ) | |||||||||||||||||||
There were no transfers between Level 1 and Level 2 during 2013 and 2012. | |||||||||||||||||||||
The table below presents a reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2013 and the year ended December 31, 2012. | |||||||||||||||||||||
Fair Value Measurements Using Significant Unobservable Inputs (Level 3) | |||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||
State and | Collateralized | Total | |||||||||||||||||||
municipal | debt | ||||||||||||||||||||
obligations | obligations | ||||||||||||||||||||
Beginning balance, July 1 | $ | 6,502 | $ | 8,177 | $ | 14,679 | |||||||||||||||
Total realized/unrealized gains or losses | |||||||||||||||||||||
Included in earnings | — | — | — | ||||||||||||||||||
Included in other comprehensive income | — | (305 | ) | (305 | ) | ||||||||||||||||
Transfers | (1,187 | ) | — | (1,187 | ) | ||||||||||||||||
Settlements | (790 | ) | (349 | ) | (1,139 | ) | |||||||||||||||
Ending balance, September 30 | $ | 4,525 | $ | 7,523 | $ | 12,048 | |||||||||||||||
Fair Value Measurements Using Significant Unobservable Inputs (Level 3) | |||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||
State and | Collateralized | Total | |||||||||||||||||||
municipal | debt | ||||||||||||||||||||
obligations | obligations | ||||||||||||||||||||
Beginning balance, January 1 | $ | 9,911 | $ | 6,122 | $ | 16,033 | |||||||||||||||
Total realized/unrealized gains or losses | |||||||||||||||||||||
Included in earnings | — | — | |||||||||||||||||||
Included in other comprehensive income | — | 2,499 | 2,499 | ||||||||||||||||||
Transfers | (1,187 | ) | — | (1,187 | ) | ||||||||||||||||
Settlements | (4,199 | ) | (1,098 | ) | (5,297 | ) | |||||||||||||||
Ending balance, September 30 | $ | 4,525 | $ | 7,523 | $ | 12,048 | |||||||||||||||
The transfers out of level 3 is due to securities that previously were not priced independently are now priced as other level 2 securities. | |||||||||||||||||||||
Fair Value Measurements Using Significant Unobservable Inputs (Level 3) | |||||||||||||||||||||
Balance at December 31, 2012 | |||||||||||||||||||||
Equities | State and | Collateralized | Total | ||||||||||||||||||
municipal | debt | ||||||||||||||||||||
obligations | obligations | ||||||||||||||||||||
Beginning balance, January 1 | $ | 1,711 | $ | 9,525 | $ | 4,771 | $ | 16,007 | |||||||||||||
Total realized/unrealized gains or losses | |||||||||||||||||||||
Included in earnings | (446 | ) | — | (96 | ) | (542 | ) | ||||||||||||||
Included in other comprehensive income | — | — | 1,556 | 1,556 | |||||||||||||||||
Purchases | — | 1,186 | — | 1,186 | |||||||||||||||||
Settlements | (1,265 | ) | (800 | ) | (109 | ) | (2,174 | ) | |||||||||||||
Ending balance, December 31 | $ | — | $ | 9,911 | $ | 6,122 | $ | 16,033 | |||||||||||||
The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at September 30, 2013. | |||||||||||||||||||||
Fair Value | Valuation Technique(s) | Unobservable Input(s) | Range | ||||||||||||||||||
State and municipal obligations | $ | 4,525 | Discounted cash flow | Discount rate | 3.05%-5.50% | ||||||||||||||||
Probability of default | |||||||||||||||||||||
Other real estate | $ | 9,249 | Sales comparison/income approach | Discount rate for age of appraisal and market conditions | 5.00%-20.00% | ||||||||||||||||
Impaired Loans | 17,324 | Sales comparison/income approach | Discount rate for age of appraisal and market conditions | 0.00%-50.00% | |||||||||||||||||
All impaired loans disclosed in footnote 2 that have no allowance for loan loss allocation are valued at Level 3 and are carried at a fair value of $17.3 million, net of a valuation allowance of $5.6 million at September 30, 2013. At December 31, 2012 impaired loans valued at Level 3 were carried at a fair value of $26.0 million, net of a valuation allowance of $7.6 million. The impact to the provision for loan losses was $(0.2) and $2.2 million for the three and nine months ended September 30, 2013, and was $4.2 million for the year ended December 31, 2012. Other real estate owned is valued at Level 3. Other real estate owned at September 30, 2013, with a value of $9.2 million was reduced $1.3 million for fair value adjustment. Other real estate owned at December 31, 2012, with a value of $7.7 million was reduced $234 thousand for fair value adjustment. | |||||||||||||||||||||
Fair value is measured based on the value of the collateral securing those loans, and is determined using several methods. Generally the fair value of real estate is determined based on appraisals by qualified licensed appraisers. Appraisals for real estate generally use three methods to derive value: cost, sales or market comparison and income approach. The cost method bases value on the cost to replace current property. The market comparison evaluates the sales price of similar properties in the same market area. The income approach considers net operating income generated by the property and the investor’s required return. The final fair value is based on a reconciliation of these three approaches. If an appraisal is not available, the fair value may be determined by using a cash flow analysis, a broker’s opinion of value, the net present value of future cash flows, or an observable market price from an active market. Fair value of other real estate is based upon the current appraised values of the properties as determined by qualified licensed appraisers and the Company’s judgment of other relevant market conditions. Appraisals are obtained annually and reductions in value are recorded as a valuation through a charge to expense. The primary unobservable input used by management in estimating fair value are additional discounts to the appraised value to consider the age of the appraisal and market conditions, which are based on management’s past experience in resolving these types of properties. These discounts range from 5% to20%. Other real estate and impaired loans carried at fair value are primarily comprised of smaller balance properties. One impaired loan has an estimated fair value of $3.9 million. The collateral securing this loan is a hotel and was appraised based on income and sales comparison approaches. Given the current distressed market, it was difficult for the appraiser to identify recent and relevant comparable sales, therefore the value was based predominantly on the income method which applied a 9.5% capitalization rate to projected net operating income. | |||||||||||||||||||||
The following tables presents loans identified as impaired by class of loans as of September 30, 2013 and December 31, 2012, which are all considered Level 3. | |||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
(Dollar amounts in thousands) | Carrying | Allowance | Fair Value | ||||||||||||||||||
Value | for Loan | ||||||||||||||||||||
Losses | |||||||||||||||||||||
Allocated | |||||||||||||||||||||
Commercial | |||||||||||||||||||||
Commercial & Industrial | $ | 10,792 | $ | 3,353 | $ | 7,439 | |||||||||||||||
Farmland | — | — | — | ||||||||||||||||||
Non Farm, Non Residential | 7,997 | 1,361 | 6,636 | ||||||||||||||||||
Agriculture | — | — | — | ||||||||||||||||||
All Other Commercial | 4,107 | 896 | 3,211 | ||||||||||||||||||
Residential | |||||||||||||||||||||
First Liens | 38 | — | 38 | ||||||||||||||||||
Home Equity | — | — | — | ||||||||||||||||||
Junior Liens | — | — | — | ||||||||||||||||||
Multifamily | — | — | — | ||||||||||||||||||
All Other Residential | — | — | — | ||||||||||||||||||
Consumer | |||||||||||||||||||||
Motor Vehicle | — | — | — | ||||||||||||||||||
All Other Consumer | — | — | — | ||||||||||||||||||
TOTAL | $ | 22,934 | $ | 5,610 | $ | 17,324 | |||||||||||||||
December 31, 2012 | |||||||||||||||||||||
(Dollar amounts in thousands) | Carrying | Allowance | Fair Value | ||||||||||||||||||
Value | for Loan | ||||||||||||||||||||
Losses | |||||||||||||||||||||
Allocated | |||||||||||||||||||||
Commercial | |||||||||||||||||||||
Commercial & Industrial | $ | 17,098 | $ | 3,153 | $ | 13,945 | |||||||||||||||
Farmland | 891 | 191 | 700 | ||||||||||||||||||
Non Farm, Non Residential | 7,386 | 293 | 7,093 | ||||||||||||||||||
Agriculture | — | — | |||||||||||||||||||
All Other Commercial | 1,209 | 52 | 1,157 | ||||||||||||||||||
Residential | |||||||||||||||||||||
First Liens | 1,254 | 126 | 1,128 | ||||||||||||||||||
Home Equity | 179 | — | 179 | ||||||||||||||||||
Junior Liens | — | — | — | ||||||||||||||||||
Multifamily | 5,540 | 3,794 | 1,746 | ||||||||||||||||||
All Other Residential | — | — | |||||||||||||||||||
Consumer | |||||||||||||||||||||
Motor Vehicle | — | — | |||||||||||||||||||
All Other Consumer | — | — | |||||||||||||||||||
TOTAL | $ | 33,557 | $ | 7,609 | $ | 25,948 | |||||||||||||||
The carrying amounts and estimated fair value of financial instruments at September 30, 2013 and December 31, 2012, are shown below. Carrying amount is the estimated fair value for cash and due from banks, federal funds sold, short-term borrowings, accrued interest receivable and payable, demand deposits, short-term debt and variable-rate loans or deposits that reprice frequently and fully. Security fair values were described previously. For fixed-rate, non-impaired loans or deposits, variable rate loans or deposits with infrequent repricing or repricing limits, and for longer-term borrowings, fair value is based on discounted cash flows using current market rates applied to the estimated life and considering credit risk. The valuation of impaired loans was described previously. Loan fair value estimates do not necessarily represent an exit price. Fair values of loans held for sale are based on market bids on the loans or similar loans. It was not practicable to determine the fair value of Federal Home Loan Bank stock due to restrictions placed on its transferability. For the FDIC indemnification asset the carrying value is the estimated fair value as it represents amounts to be received from the FDIC in the near term. Fair value of debt is based on current rates for similar financing. The fair value of off-balance sheet items is not considered material. | |||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Carrying | Fair Value | ||||||||||||||||||||
(Dollar amounts in thousands) | Value | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||
Cash and due from banks | $ | 80,899 | $ | 20,404 | $ | 60,495 | $ | — | $ | 80,899 | |||||||||||
Federal funds sold | 3,420 | — | 3,420 | — | 3,420 | ||||||||||||||||
Securities available—for—sale | 872,675 | 662 | 859,965 | 12,048 | 872,675 | ||||||||||||||||
Restricted stock | 21,050 | — | — | — | — | ||||||||||||||||
Loans, net | 1,786,601 | — | 1,845,392 | 1,845,392 | |||||||||||||||||
FDIC Indemnification Asset | 1,171 | — | 1,171 | — | 1,171 | ||||||||||||||||
Accrued interest receivable | 11,767 | — | 3,475 | 8,292 | 11,767 | ||||||||||||||||
Deposits | (2,487,028 | ) | — | (2,489,329 | ) | — | (2,489,329 | ) | |||||||||||||
Short—term borrowings | (27,929 | ) | — | (27,929 | ) | — | (27,929 | ) | |||||||||||||
Federal Home Loan Bank advances | (58,362 | ) | — | (60,721 | ) | — | (60,721 | ) | |||||||||||||
Accrued interest payable | (770 | ) | — | (770 | ) | — | (770 | ) | |||||||||||||
December 31, 2012 | |||||||||||||||||||||
Carrying | Fair Value | ||||||||||||||||||||
(Dollar amounts in thousands) | Value | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||
Cash and due from banks | $ | 87,230 | $ | 21,333 | $ | 65,897 | $ | — | $ | 87,230 | |||||||||||
Federal funds sold | 20,800 | — | 20,800 | — | 20,800 | ||||||||||||||||
Securities available—for—sale | 691,000 | 380 | 674,587 | 16,033 | 691,000 | ||||||||||||||||
Restricted stock | 21,292 | — | — | — | — | ||||||||||||||||
Loans, net | 1,829,978 | — | — | 1,916,256 | 1,916,256 | ||||||||||||||||
FDIC Indemnification Asset | 2,632 | — | 2,632 | — | 2,632 | ||||||||||||||||
Accrued interest receivable | 12,024 | — | 2,980 | 9,044 | 12,024 | ||||||||||||||||
Deposits | (2,276,134 | ) | — | (2,280,910 | ) | — | (2,280,910 | ) | |||||||||||||
Short—term borrowings | (40,551 | ) | — | (40,551 | ) | — | (40,551 | ) | |||||||||||||
Federal Home Loan Bank advances | (119,705 | ) | — | (124,933 | ) | — | (124,933 | ) | |||||||||||||
Accrued interest payable | (1,163 | ) | — | (1,163 | ) | — | (1,163 | ) | |||||||||||||
ShortTerm_Borrowings
Short-Term Borrowings | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Short Term Borrowings Disclosure [Abstract] | ' | |||||||
Short-Term Borrowings | ' | |||||||
Short-Term Borrowings | ||||||||
Period–end short-term borrowings were comprised of the following: | ||||||||
(000 's) | ||||||||
September 30, 2013 | December 31, 2012 | |||||||
Federal Funds Purchased | $ | 160 | $ | 2,750 | ||||
Repurchase Agreements | 27,769 | 37,801 | ||||||
$ | 27,929 | $ | 40,551 | |||||
Other_Borrowings
Other Borrowings | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Other Borrowings Disclosure [Abstract] | ' | |||||||
Other Borrowings | ' | |||||||
(000 's) | ||||||||
September 30, 2013 | December 31, 2012 | |||||||
FHLB Advances | $ | 58,362 | $ | 119,705 | ||||
$ | 58,362 | $ | 119,705 | |||||
Components_of_Net_Periodic_Ben
Components of Net Periodic Benefit Cost | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||||||
Components of Net Periodic Benefit Cost | ' | ||||||||||||||||||||||||||||||||
7 | Components of Net Periodic Benefit Cost | ||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||||||||||
(000's) | (000's) | ||||||||||||||||||||||||||||||||
Pension Benefits | Post-Retirement | Pension Benefits | Post-Retirement | ||||||||||||||||||||||||||||||
Health Benefits | Health Benefits | ||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||||
Service cost | $ | 559 | $ | 1,218 | $ | 17 | $ | 15 | $ | 1,678 | $ | 3,654 | $ | 51 | $ | 82 | |||||||||||||||||
Interest cost | 846 | 917 | 43 | 43 | 2,537 | 2,750 | 130 | 180 | |||||||||||||||||||||||||
Expected return on plan assets | (827 | ) | (815 | ) | — | — | (2,482 | ) | (2,444 | ) | — | — | |||||||||||||||||||||
Amortization of transition obligation | — | — | 15 | 15 | — | — | 44 | 45 | |||||||||||||||||||||||||
Net amortization of prior service cost | (4 | ) | 41 | — | — | (12 | ) | 124 | — | — | |||||||||||||||||||||||
Net amortization of net (gain) loss | 523 | 567 | — | — | 1,568 | 1,702 | — | — | |||||||||||||||||||||||||
Net Periodic Benefit Cost | $ | 1,097 | $ | 1,928 | $ | 75 | $ | 73 | $ | 3,289 | $ | 5,786 | $ | 225 | $ | 307 | |||||||||||||||||
Employer Contributions | |||||||||||||||||||||||||||||||||
First Financial Corporation previously disclosed in its financial statements for the year ended December 31, 2012 that it expected to contribute $2.1 million and $550 thousand respectively to its Pension Plan and ESOP and $234 thousand to the Post Retirement Health Benefits Plan in 2013. Contributions of $1.5 million have been made to the Pension Plan. Contributions of $156 thousand have been made through the first nine months of 2013 for the Post Retirement Health Benefits plan. No contributions have been made in 2013 for the ESOP. The Pension plan was frozen for most employees at the end of 2012 and for those employees there will be discretionary contributions to the ESOP plan and a 401K plan in place of the former Pension benefit. In the first nine months of 2013 there has been $1.1 million of expense accrued for potential contributions to these alternative retirement benefit options. |
New_accounting_standards
New accounting standards | 9 Months Ended |
Sep. 30, 2013 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ' |
New accounting standards | ' |
New accounting standards | |
In February 2013, the Financial Accounting Standards Board (FASB) issued updated guidance related to disclosure of reclassification amounts out of other comprehensive income. The standard requires that companies present either in a single note or parenthetically on the face of the financial statements, the effect of significant amounts reclassified from each component of accumulated other comprehensive income based on its source and the income statement line items affected by the reclassification. The new requirements will take effect for public companies in fiscal years, and interim periods within those years, beginning after December 15, 2012. The Company has adopted this standard and the effect of adopting this standard increased our disclosure surrounding reclassification items out of accumulated other comprehensive income. | |
In October 2012, the Financial Accounting Standards Board (“FASB”) issued guidance on the subsequent accounting for an indemnification asset recognized at the acquisition date as a result of a government assisted acquisition of a financial institution. When an entity recognizes such an indemnification asset and subsequently a change in the cash flows expected to be collected on the indemnification asset occurs as a result of a change in the cash flows expected to be collected on the indemnified asset, the guidance requires the entity to recognize the change in the measurement of the indemnification asset on the same basis as the indemnified assets. Any amortization of changes in value of the indemnification asset should be limited to the lesser of the term of the indemnification agreement and the remaining life of the indemnified assets. The amendments are effective for fiscal years beginning on or after December 15, 2012 and early adoption is permitted. The amendments are to be applied prospectively to any new indemnification assets acquired after the date of adoption and to indemnification assets existing as of the date of adoption arising from a government-assisted acquisition of a financial institution. The effect of adopting this standard did not have a material effect on the Corporation’s operating results or financial condition. | |
In July 2012, the FASB amended existing guidance relating to testing indefinite-lived intangible assets for impairment. The amendment permits an assessment of qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the indefinite-lived intangible asset is impaired. If, after assessing the totality of events and circumstances, it is concluded that it is not more likely than not that the indefinite-lived intangible asset is impaired, then no further action is required. However, after the same assessment, if it is concluded that it is more likely than not that the indefinite-lived intangible asset is impaired, then a quantitative impairment test should be performed whereby the fair value of the indefinite-lived intangible asset is compared to the carrying amount. The amendments in this guidance are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. The effect of adopting this standard did not have a material effect on the Corporation’s operating results or financial condition. |
Acquisitions_and_FDIC_Indemnif
Acquisitions and FDIC Indemnification Asset | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||||||
Acquisitions and FDIC Indemnification Asset | ' | ||||||||||||||||
Acquisitions and FDIC Indemnification Asset | |||||||||||||||||
On July 2, 2009, the Bank entered into a purchase and assumption agreement with the Federal Deposit Insurance Corporation (“FDIC”) to assume all of the deposits (excluding brokered deposits) and certain assets of The First National Bank of Danville, a full-service commercial bank headquartered in Danville, Illinois, that had failed and been placed in receivership with the FDIC. The acquisition consisted of assets worth a fair value of approximately $151.8 million, including $77.5 million of loans, $24.2 million of investment securities, $31.0 million of cash and cash equivalents and $146.3 million of liabilities, including $145.7 million of deposits. A customer related core deposit intangible asset of $4.6 million was also recorded. In addition to the excess of liabilities over assets, the Bank received approximately$14.6 million in cash from the FDIC. Based upon the acquisition date fair values of the net assets acquired, no goodwill was recorded. The transaction resulted in a gain of $5.1 million, which is included in non-interest income in the December 31, 2009 Consolidated Statement of Operations Under the loss-sharing agreement (“LSA”), the Bank will share in the losses on assets covered under the agreement (referred to as covered assets). On losses up to $29 million, the FDIC has agreed to reimburse the Bank for 80 percent of the losses. On losses exceeding $29 million, the FDIC has agreed to reimburse the Bank for 95 percent of the losses. The loss-sharing agreement is subject to following servicing procedures as specified in the agreement with the FDIC. The loss sharing provisions of the agreements for commercial and single family residential mortgage loans are in effect for five and ten years, respectively, from the acquisition date and the loss recovery provisions for such loans are in effect for eight years and ten years, respectively, from the acquisition date. Loans acquired that are subject to the loss-sharing agreement with the FDIC are referred to as covered loans for disclosure purposes. Since the acquisition date the Bank has been reimbursed $18.3 million for losses and carrying expenses and currently carries a balance of $1.2 million. Included in the current balance is the estimate of $493 thousand for 80% of the loans subject to the loss-sharing agreement identified in the allowance for loan loss evaluation as probable incurred losses. | |||||||||||||||||
FASB ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality, applies to a loan with evidence of deterioration of credit quality since origination, acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. FASB ASC 310-30 prohibits carrying over or creating an allowance for loan losses upon initial recognition. The carrying amount of covered assets at September 30, 2013 and December 31, 2012, consisted of loans accounted for in accordance with FASB ASC 310-30, loans not subject to FASB ASC 310-30 and other assets as shown in the following table: | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
ASC 310-30 | Non ASC 310-30 | ||||||||||||||||
(Dollar amounts in thousands) | Loans | Loans | Other | Total | |||||||||||||
Loans | $ | 2,969 | $ | 19,357 | $ | — | $ | 22,326 | |||||||||
Foreclosed Assets | — | — | 253 | 253 | |||||||||||||
Total Covered Assets | $ | 2,969 | $ | 19,357 | $ | 253 | $ | 22,579 | |||||||||
December 31, 2012 | |||||||||||||||||
ASC 310-30 | Non ASC 310-30 | ||||||||||||||||
(Dollar amounts in thousands) | Loans | Loans | Other | Total | |||||||||||||
Loans | $ | 4,279 | $ | 23,475 | $ | — | $ | 27,754 | |||||||||
Foreclosed Assets | — | — | 720 | 720 | |||||||||||||
Total Covered Assets | $ | 4,279 | $ | 23,475 | $ | 720 | $ | 28,474 | |||||||||
The rollforward of the FDIC Indemnification asset is as follows: | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | Year Ended | |||||||||||||||
December 31, | |||||||||||||||||
(Dollar amounts in thousands) | 2013 | 2013 | 2012 | ||||||||||||||
Beginning balance | $ | 1,515 | $ | 2,632 | $ | 2,384 | |||||||||||
Accretion | — | — | |||||||||||||||
Net changes in losses and expenses | (201 | ) | (1,180 | ) | 2,422 | ||||||||||||
Reimbursements from the FDIC | (143 | ) | (281 | ) | (2,174 | ) | |||||||||||
TOTAL | $ | 1,171 | $ | 1,171 | $ | 2,632 | |||||||||||
On the acquisition date, the preliminary estimate of the contractually required payments receivable for all FASB ASC310-30 loans acquired in the acquisition were $31.6 million, the cash flows expected to be collected were $18.4 million including interest, and the estimated fair value of the loans was $16.7 million. These amounts were determined based upon the estimated remaining life of the underlying loans, which include the effects of estimated prepayments. At September 30, 2013, a majority of these loans were valued based on the liquidation value of the underlying collateral, because the expected cash flows are primarily based on the liquidation of underlying collateral and the timing and amount of the cash flows could not be reasonably estimated. There was a $623 thousand allowance for credit losses related to these loans at September 30, 2013. On the acquisition date, the preliminary estimate of the contractually required payments receivable for all non FASB ASC310-30 loans acquired in the acquisition was $58.4 million and the estimated fair value of the loans was $60.7 million. The impact to the Corporation from the amortization and accretion of premiums and discounts was immaterial. | |||||||||||||||||
On August 16, 2013, the Bank completed a Purchase and Assumption Agreement with Bank of America, National Association. Under the terms of the Agreement, First Financial Bank purchased certain assets and assumed certain liabilities of 7 branch offices and 2 drive-up facilities of Bank of America in central and southern Illinois. The acquisition was beneficial in increasing the presence of the bank in the Illinois market.First Financial received cash in the amount of $177.7 million. The acquisition consisted of loans with a fair value of $1.9 million, fixed assets with a value of $5.9 million, a customer related core deposit intangible asset of $2.2 million, deposits with a value of $189.3 million and other liabilities of $0.3 million. Based upon the acquisition date fair values of the net assets acquired, goodwill of $1.9 million was recorded, all of which is $1.6 million is expected to be tax deductible. |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ||||||||||||
Accumulated Other Comprehensive Income | ' | ||||||||||||
Accumulated Other Comprehensive Income | |||||||||||||
The following table summarizes the changes, net of tax within each classification of accumulated other comprehensive income for the three and nine months ended September 30, 2013 and 2012. | |||||||||||||
Unrealized | |||||||||||||
gains and | 2013 | ||||||||||||
Losses on | Retirement | ||||||||||||
available- | |||||||||||||
for-sale | |||||||||||||
(Dollar amounts in thousands) | Securities | plans | Total | ||||||||||
Beginning balance, July 1 | $ | 1,205 | $ | (20,351 | ) | $ | (19,146 | ) | |||||
Change in other comprehensive income before reclassification | (2,322 | ) | — | (2,322 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive income | — | 340 | 340 | ||||||||||
Net Current period other comprehensive other income | (2,322 | ) | 340 | (1,982 | ) | ||||||||
Ending balance, September 30 | $ | (1,117 | ) | $ | (20,011 | ) | $ | (21,128 | ) | ||||
Unrealized | |||||||||||||
gains and | 2013 | ||||||||||||
Losses on | Retirement | ||||||||||||
available- | |||||||||||||
for-sale | |||||||||||||
(Dollar amounts in thousands) | Securities | plans | Total | ||||||||||
Beginning balance, January 1 | $ | 13,431 | $ | (20,903 | ) | $ | (7,472 | ) | |||||
Change in other comprehensive income before reclassification | (14,544 | ) | — | (14,544 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive income | (4 | ) | 892 | 888 | |||||||||
Net Current period other comprehensive other income | (14,548 | ) | 892 | (13,656 | ) | ||||||||
Ending balance, September 30 | $ | (1,117 | ) | $ | (20,011 | ) | $ | (21,128 | ) | ||||
Unrealized | |||||||||||||
gains and | 2012 | ||||||||||||
Losses on | Retirement | ||||||||||||
available- | |||||||||||||
for-sale | |||||||||||||
(Dollar amounts in thousands) | Securities | plans | Total | ||||||||||
Beginning balance, July 1 | $ | 13,124 | $ | (22,462 | ) | $ | (9,338 | ) | |||||
Change in other comprehensive income before reclassification | 1,884 | — | 1,884 | ||||||||||
Amounts reclassified from accumulated other comprehensive income | (10 | ) | 387 | 377 | |||||||||
Net Current period other comprehensive other income | 1,874 | 387 | 2,261 | ||||||||||
Ending balance, September 30 | $ | 14,998 | $ | (22,075 | ) | $ | (7,077 | ) | |||||
Unrealized | |||||||||||||
gains and | 2012 | ||||||||||||
Losses on | Retirement | ||||||||||||
available- | |||||||||||||
for-sale | |||||||||||||
(Dollar amounts in thousands) | Securities | plans | Total | ||||||||||
Beginning balance, January 1 | $ | 12,740 | $ | (23,234 | ) | $ | (10,494 | ) | |||||
Change in other comprehensive income before reclassification | 2,657 | — | 2,657 | ||||||||||
Amounts reclassified from accumulated other comprehensive income | (399 | ) | 1,159 | 760 | |||||||||
Net Current period other comprehensive other income | 2,258 | 1,159 | 3,417 | ||||||||||
Ending balance, September 30 | $ | 14,998 | $ | (22,075 | ) | $ | (7,077 | ) | |||||
Balance | Current | Balance | |||||||||||
at | Period | at | |||||||||||
(Dollar amounts in thousands) | 7/1/13 | Change | 9/30/13 | ||||||||||
Unrealized gains (losses) on securities available-for-sale | |||||||||||||
without other than temporary impairment | $ | 3,023 | $ | (2,250 | ) | $ | 773 | ||||||
Unrealized gains (losses) on securities available-for-sale | |||||||||||||
with other than temporary impairment | (1,818 | ) | (72 | ) | (1,890 | ) | |||||||
Total unrealized loss on securities available-for-sale | $ | 1,205 | $ | (2,322 | ) | $ | (1,117 | ) | |||||
Unrealized loss on retirement plans | (20,351 | ) | 340 | (20,011 | ) | ||||||||
TOTAL | $ | (19,146 | ) | $ | (1,982 | ) | $ | (21,128 | ) | ||||
Balance | Current | Balance | |||||||||||
at | Period | at | |||||||||||
(Dollar amounts in thousands) | 1/1/13 | Change | 9/30/13 | ||||||||||
Unrealized gains (losses) on securities available-for-sale | |||||||||||||
without other than temporary impairment | $ | 17,044 | $ | (16,271 | ) | $ | 773 | ||||||
Unrealized gains (losses) on securities available-for-sale | |||||||||||||
with other than temporary impairment | (3,613 | ) | 1,723 | (1,890 | ) | ||||||||
Total unrealized loss on securities available-for-sale | $ | 13,431 | $ | (14,548 | ) | $ | (1,117 | ) | |||||
Unrealized loss on retirement plans | (20,903 | ) | 892 | (20,011 | ) | ||||||||
TOTAL | $ | (7,472 | ) | $ | (13,656 | ) | $ | (21,128 | ) | ||||
Balance | Current | Balance | |||||||||||
at | Period | at | |||||||||||
(Dollar amounts in thousands) | 7/1/12 | Change | 9/30/12 | ||||||||||
Unrealized gains (losses) on securities available-for-sale | |||||||||||||
without other than temporary impairment | $ | 18,514 | $ | 1,290 | $ | 19,804 | |||||||
Unrealized gains (losses) on securities available-for-sale | |||||||||||||
with other than temporary impairment | (5,390 | ) | 584 | (4,806 | ) | ||||||||
Total unrealized loss on securities available-for-sale | $ | 13,124 | $ | 1,874 | $ | 14,998 | |||||||
Unrealized loss on retirement plans | (22,462 | ) | 387 | (22,075 | ) | ||||||||
TOTAL | $ | (9,338 | ) | $ | 2,261 | $ | (7,077 | ) | |||||
Balance | Current | Balance | |||||||||||
at | Period | at | |||||||||||
(Dollar amounts in thousands) | 1/1/12 | Change | 9/30/12 | ||||||||||
Unrealized gains (losses) on securities available-for-sale | |||||||||||||
without other than temporary impairment | $ | 18,136 | $ | 1,668 | $ | 19,804 | |||||||
Unrealized gains (losses) on securities available-for-sale | |||||||||||||
with other than temporary impairment | (5,396 | ) | 590 | (4,806 | ) | ||||||||
Total unrealized loss on securities available-for-sale | $ | 12,740 | $ | 2,258 | $ | 14,998 | |||||||
Unrealized loss on retirement plans | (23,234 | ) | 1,159 | (22,075 | ) | ||||||||
TOTAL | $ | (10,494 | ) | $ | 3,417 | $ | (7,077 | ) | |||||
Three Months Ended September 30, 2013 | |||||||||||||
Details about accumulated | Amount reclassified from | Affected line item in | |||||||||||
other comprehensive | accumulated other | the statement where | |||||||||||
income components | comprehensive income | net income is presented | |||||||||||
(in thousands) | |||||||||||||
Unrealized gains and losses | $ | — | Net securities gains (losses) | ||||||||||
on available-for-sale | — | Income tax expense | |||||||||||
securities | $ | — | Net of tax | ||||||||||
Amortization of | $ | (566 | ) | (a) | |||||||||
retirement plan items | 226 | Income tax expense | |||||||||||
$ | (340 | ) | Net of tax | ||||||||||
Total reclassifications for the period | $ | (340 | ) | Net of tax | |||||||||
(a) Included in the computation of net periodic benefit cost. (see Footnote 7 for additional details). | |||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||
Details about accumulated | Amount reclassified from | Affected line item in | |||||||||||
other comprehensive | accumulated other | the statement where | |||||||||||
income components | comprehensive income | net income is presented | |||||||||||
(in thousands) | |||||||||||||
Unrealized gains and losses | $ | 7 | Net securities gains (losses) | ||||||||||
on available-for-sale | (3 | ) | Income tax expense | ||||||||||
securities | $ | 4 | Net of tax | ||||||||||
Amortization of | $ | (1,486 | ) | (a) | |||||||||
retirement plan items | 594 | Income tax expense | |||||||||||
$ | (892 | ) | Net of tax | ||||||||||
Total reclassifications for the period | $ | (888 | ) | Net of tax | |||||||||
(a) Included in the computation of net periodic benefit cost. (see Footnote 7 for additional details). | |||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||
Details about accumulated | Amount reclassified from | Affected line item in | |||||||||||
other comprehensive | accumulated other | the statement where | |||||||||||
income components | comprehensive income | net income is presented | |||||||||||
(in thousands) | |||||||||||||
Unrealized gains and losses | $ | 17 | Net securities gains (losses) | ||||||||||
on available-for-sale | (7 | ) | Income tax expense | ||||||||||
securities | $ | 10 | Net of tax | ||||||||||
Amortization of | $ | (645 | ) | (a) | |||||||||
retirement plan items | 258 | Income tax expense | |||||||||||
$ | (387 | ) | Net of tax | ||||||||||
Total reclassifications for the period | $ | (377 | ) | Net of tax | |||||||||
(a) Included in the computation of net periodic benefit cost. (see Footnote 7 for additional details). | |||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||
Details about accumulated | Amount reclassified from | Affected line item in | |||||||||||
other comprehensive | accumulated other | the statement where | |||||||||||
income components | comprehensive income | net income is presented | |||||||||||
(in thousands) | |||||||||||||
Unrealized gains and losses | $ | 666 | Net securities gains (losses) | ||||||||||
on available-for-sale | (267 | ) | Income tax expense | ||||||||||
securities | $ | 399 | Net of tax | ||||||||||
Amortization of | $ | (1,932 | ) | (a) | |||||||||
retirement plan items | 773 | Income tax expense | |||||||||||
$ | (1,159 | ) | Net of tax | ||||||||||
Total reclassifications for the period | $ | (760 | ) | Net of tax | |||||||||
(a) Included in the computation of net periodic benefit cost. (see Footnote 7 for additional details). |
Allowance_for_Loan_Losses_Tabl
Allowance for Loan Losses (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Allowance For Loan Losses Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Schedule of allowances for loan losses by portfolio segment | ' | ||||||||||||||||||||||||
The following table presents the activity of the allowance for loan losses by portfolio segment for the three months | |||||||||||||||||||||||||
ended September 30. | |||||||||||||||||||||||||
Allowance for Loan Losses: | September 30, 2013 | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Commercial | Residential | Consumer | Unallocated | Total | ||||||||||||||||||||
Beginning balance | $ | 14,531 | $ | 1,592 | $ | 3,637 | $ | 2,373 | $ | 22,133 | |||||||||||||||
Provision for loan losses* | (486 | ) | (266 | ) | 504 | 548 | 300 | ||||||||||||||||||
Loans charged -off | (388 | ) | (284 | ) | (840 | ) | — | (1,512 | ) | ||||||||||||||||
Recoveries | 361 | 398 | 324 | — | 1,083 | ||||||||||||||||||||
Ending Balance | $ | 14,018 | $ | 1,440 | $ | 3,625 | $ | 2,921 | $ | 22,004 | |||||||||||||||
* Provision before increase of $195 thousand in 2013for decrease in FDIC indemnification asset | |||||||||||||||||||||||||
Allowance for Loan Losses: | September 30, 2012 | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Commercial | Residential | Consumer | Unallocated | Total | ||||||||||||||||||||
Beginning balance | $ | 13,190 | $ | 2,124 | $ | 3,744 | $ | 1,034 | $ | 20,092 | |||||||||||||||
Provision for loan losses* | 765 | 1,594 | 196 | 85 | 2,640 | ||||||||||||||||||||
Loans charged -off | (715 | ) | (381 | ) | (779 | ) | — | (1,875 | ) | ||||||||||||||||
Recoveries | 167 | 36 | 397 | — | 600 | ||||||||||||||||||||
Ending Balance | $ | 13,407 | $ | 3,373 | $ | 3,558 | $ | 1,119 | $ | 21,457 | |||||||||||||||
* Provision before decrease of $81 thousand in 2012 for increase in FDIC indemnification asset | |||||||||||||||||||||||||
The following table presents the activity of the allowance for loan losses by portfolio segment for the nine months ended September30. | |||||||||||||||||||||||||
Allowance for Loan Losses: | September 30, 2013 | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Commercial | Residential | Consumer | Unallocated | Total | ||||||||||||||||||||
Beginning balance | $ | 10,987 | $ | 5,426 | $ | 3,879 | $ | 1,666 | $ | 21,958 | |||||||||||||||
Provision for loan losses* | 2,438 | 234 | 1,348 | 1,255 | 5,275 | ||||||||||||||||||||
Loans charged -off | (2,273 | ) | (4,683 | ) | (2,677 | ) | — | (9,633 | ) | ||||||||||||||||
Recoveries | 2,866 | 463 | 1,075 | — | 4,404 | ||||||||||||||||||||
Ending Balance | $ | 14,018 | $ | 1,440 | $ | 3,625 | $ | 2,921 | $ | 22,004 | |||||||||||||||
* Provision before increase of $1.2 million in 2013 for decrease in FDIC indemnification asset | |||||||||||||||||||||||||
Allowance for Loan Losses: | September 30, 2012 | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Commercial | Residential | Consumer | Unallocated | Total | ||||||||||||||||||||
Beginning balance | $ | 12,119 | $ | 2,728 | $ | 3,889 | $ | 505 | $ | 19,241 | |||||||||||||||
Provision for loan losses* | 3,642 | 2,859 | 1,185 | 614 | 8,300 | ||||||||||||||||||||
Loans charged -off | (2,917 | ) | (2,289 | ) | (2,635 | ) | — | (7,841 | ) | ||||||||||||||||
Recoveries | 563 | 75 | 1,119 | — | 1,757 | ||||||||||||||||||||
Ending Balance | $ | 13,407 | $ | 3,373 | $ | 3,558 | $ | 1,119 | $ | 21,457 | |||||||||||||||
* Provision before decrease of $1.0 million in 2012 for increase in FDIC indemnification asset | |||||||||||||||||||||||||
Allocation of the allowance for loan losses by portfolio segment based on the impairment method | ' | ||||||||||||||||||||||||
The following table presents the allocation of the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method at September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||
Allowance for Loan Losses | September 30, 2013 | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Commercial | Residential | Consumer | Unallocated | Total | ||||||||||||||||||||
Individually evaluated for impairment | $ | 5,510 | $ | — | $ | — | $ | — | $ | 5,510 | |||||||||||||||
Collectively evaluated for impairment | 7,698 | 1,254 | 3,625 | 2,921 | 15,498 | ||||||||||||||||||||
Acquired with deteriorated credit quality | 810 | 186 | — | — | 996 | ||||||||||||||||||||
Ending Balance | $ | 14,018 | $ | 1,440 | $ | 3,625 | $ | 2,921 | $ | 22,004 | |||||||||||||||
Loans: | September 30, 2013 | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Commercial | Residential | Consumer | Total | |||||||||||||||||||||
Individually evaluated for impairment | $ | 24,741 | $ | 226 | $ | — | $ | 24,967 | |||||||||||||||||
Collectively evaluated for impairment | 1,028,446 | 481,064 | 270,518 | 1,780,028 | |||||||||||||||||||||
Acquired with deteriorated credit quality | 10,142 | 2,736 | — | 12,878 | |||||||||||||||||||||
Ending Balance | $ | 1,063,329 | $ | 484,026 | $ | 270,518 | $ | 1,817,873 | |||||||||||||||||
Allowance for Loan Losses: | December 31, 2012 | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Commercial | Residential | Consumer | Unallocated | Total | ||||||||||||||||||||
Individually evaluated for impairment | 3,453 | 3,920 | — | — | 7,373 | ||||||||||||||||||||
Collectively evaluated for impairment | 7,286 | 1,506 | 3,879 | 1,666 | 14,337 | ||||||||||||||||||||
Acquired with deteriorated credit quality | 248 | — | — | — | 248 | ||||||||||||||||||||
Ending Balance | $ | 10,987 | $ | 5,426 | $ | 3,879 | $ | 1,666 | $ | 21,958 | |||||||||||||||
Loans | December 31, 2012 | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Commercial | Residential | Consumer | Total | |||||||||||||||||||||
Individually evaluated for impairment | 23,721 | 6,973 | — | 30,694 | |||||||||||||||||||||
Collectively evaluated for impairment | 1,056,861 | 487,486 | 269,882 | 1,814,229 | |||||||||||||||||||||
Acquired with deteriorated credit quality | 13,582 | 3,421 | 6 | 17,009 | |||||||||||||||||||||
Ending Balance | $ | 1,094,164 | $ | 497,880 | $ | 269,888 | $ | 1,861,932 | |||||||||||||||||
Schedule of loans individually evaluated for impairment by class of loans | ' | ||||||||||||||||||||||||
The following tables present loans individually evaluated for impairment by class of loans. | |||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
Unpaid | Recorded | Allowance | Average | Interest | Cash Basis | ||||||||||||||||||||
Principal | for Loan | Recorded | Income | Interest | |||||||||||||||||||||
Losses | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Balance | Investment | Allocated | Investment | Recognized | Recognized | |||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | $ | 3,725 | $ | 3,527 | $ | — | $ | 1,464 | $ | — | $ | — | |||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||
Non Farm, Non Residential | 24 | 24 | — | 6 | — | — | |||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||
All Other Commercial | — | — | — | — | — | — | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | — | — | — | 9 | — | — | |||||||||||||||||||
Home Equity | — | — | — | — | — | — | |||||||||||||||||||
Junior Liens | — | — | — | — | — | — | |||||||||||||||||||
Multifamily | — | — | — | — | — | — | |||||||||||||||||||
All Other Residential | — | — | — | — | — | — | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | — | — | — | — | — | — | |||||||||||||||||||
All Other Consumer | — | — | — | — | — | — | |||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | 10,789 | 10,789 | 3,353 | 14,131 | — | — | |||||||||||||||||||
Farmland | — | — | — | 446 | — | — | |||||||||||||||||||
Non Farm, Non Residential | 8,063 | 7,997 | 1,361 | 8,100 | — | — | |||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||
All Other Commercial | 4,107 | 4,107 | 896 | 3,458 | — | — | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 38 | 38 | — | 646 | — | — | |||||||||||||||||||
Home Equity | — | — | — | — | — | — | |||||||||||||||||||
Junior Liens | — | — | — | — | — | — | |||||||||||||||||||
Multifamily | — | — | — | 2,770 | — | — | |||||||||||||||||||
All Other Residential | — | — | — | — | — | — | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | — | — | — | — | — | — | |||||||||||||||||||
All Other Consumer | — | — | — | — | — | — | |||||||||||||||||||
TOTAL | $ | 26,746 | $ | 26,482 | $ | 5,610 | $ | 31,030 | $ | — | $ | — | |||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Unpaid | Recorded | Allowance | Average | Interest | Cash Basis | ||||||||||||||||||||
Principal | for Loan | Recorded | Income | Interest | |||||||||||||||||||||
Losses | Income | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Balance | Investment | Allocated | Investment | Recognized | Recognized | |||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | $ | — | $ | — | $ | — | $ | 1,013 | $ | — | $ | — | |||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||
Non Farm, Non Residential | — | — | — | 1,679 | — | — | |||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||
All Other Commercial | — | — | — | — | — | — | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | — | — | — | 150 | — | — | |||||||||||||||||||
Home Equity | — | — | — | — | — | — | |||||||||||||||||||
Junior Liens | — | — | — | — | — | — | |||||||||||||||||||
Multifamily | — | — | — | 50 | — | — | |||||||||||||||||||
All Other Residential | — | — | — | — | — | — | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | — | — | — | — | — | — | |||||||||||||||||||
All Other Consumer | — | — | — | — | — | — | |||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | 17,262 | 17,098 | 3,153 | 16,738 | — | — | |||||||||||||||||||
Farmland | 891 | 891 | 191 | 891 | — | — | |||||||||||||||||||
Non Farm, Non Residential | 7,438 | 7,386 | 293 | 5,000 | 179 | — | |||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||
All Other Commercial | 1,209 | 1,209 | 52 | 1,362 | — | — | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 1,254 | 1,254 | 126 | 1,230 | — | — | |||||||||||||||||||
Home Equity | 179 | 179 | — | 75 | — | — | |||||||||||||||||||
Junior Liens | — | — | — | 176 | — | — | |||||||||||||||||||
Multifamily | 5,540 | 5,540 | 3,794 | 2,216 | — | — | |||||||||||||||||||
All Other Residential | — | — | — | — | — | — | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | — | — | — | — | — | — | |||||||||||||||||||
All Other Consumer | — | — | — | — | — | — | |||||||||||||||||||
TOTAL | $ | 33,773 | $ | 33,557 | $ | 7,609 | $ | 30,580 | $ | 179 | $ | — | |||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
September 30, 2013 | September 30, 2013 | ||||||||||||||||||||||||
Average | Interest | Cash Basis | Average | Interest | Cash Basis | ||||||||||||||||||||
Recorded | Income | Interest Income | Recorded | Income | Interest Income | ||||||||||||||||||||
(Dollar amounts in thousands) | Investment | Recognized | Recognized | Investment | Recognized | Recognized | |||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | $ | 2,728 | $ | — | $ | — | $ | 1,464 | $ | — | $ | — | |||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||
Non Farm, Non Residential | 12 | — | — | 6 | — | — | |||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||
All Other Commercial | — | — | — | — | — | — | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 17 | — | — | 9 | — | — | |||||||||||||||||||
Home Equity | — | — | — | — | — | — | |||||||||||||||||||
Junior Liens | — | — | — | — | — | — | |||||||||||||||||||
Multifamily | — | — | — | — | — | — | |||||||||||||||||||
All Other Residential | — | — | — | — | — | — | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | — | — | — | — | — | — | |||||||||||||||||||
All Other Consumer | — | — | — | — | — | — | |||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | 11,627 | — | — | 14,131 | — | — | |||||||||||||||||||
Farmland | — | — | — | 446 | — | — | |||||||||||||||||||
Non Farm, Non Residential | 8,185 | — | — | 8,100 | — | — | |||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||
All Other Commercial | 4,148 | — | — | 3,458 | — | — | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 39 | — | — | 646 | — | — | |||||||||||||||||||
Home Equity | — | — | — | — | — | — | |||||||||||||||||||
Junior Liens | — | — | — | — | — | — | |||||||||||||||||||
Multifamily | — | — | — | 2,770 | — | — | |||||||||||||||||||
All Other Residential | — | — | — | — | — | — | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | — | — | — | — | — | — | |||||||||||||||||||
All Other Consumer | — | — | — | — | — | — | |||||||||||||||||||
TOTAL | $ | 26,756 | $ | — | $ | — | $ | 31,030 | $ | — | $ | — | |||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
September 30, 2012 | September 30, 2012 | ||||||||||||||||||||||||
Average | Interest | Cash Basis | Average | Interest | Cash Basis | ||||||||||||||||||||
Recorded | Income | Interest Income | Recorded | Income | Interest Income | ||||||||||||||||||||
(Dollar amounts in thousands) | Investment | Recognized | Recognized | Investment | Recognized | Recognized | |||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | $ | 2,531 | $ | — | $ | — | $ | 1,266 | $ | — | $ | — | |||||||||||||
Farmland | — | — | — | — | — | — | |||||||||||||||||||
Non Farm, Non Residential | 987 | — | — | 2,098 | — | — | |||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||
All Other Commercial | — | — | — | — | — | — | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | — | — | — | 188 | — | — | |||||||||||||||||||
Home Equity | — | — | — | — | — | — | |||||||||||||||||||
Junior Liens | — | — | — | — | — | — | |||||||||||||||||||
Multifamily | — | — | — | 62 | — | — | |||||||||||||||||||
All Other Residential | — | — | — | — | — | — | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | — | — | — | — | — | — | |||||||||||||||||||
All Other Consumer | — | — | — | — | — | — | |||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | 15,427 | — | — | 16,648 | — | — | |||||||||||||||||||
Farmland | 891 | — | — | 891 | — | — | |||||||||||||||||||
Non Farm, Non Residential | 5,045 | — | — | 4,404 | — | — | |||||||||||||||||||
Agriculture | — | — | — | — | — | — | |||||||||||||||||||
All Other Commercial | 1,313 | — | — | 1,400 | — | — | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 1,234 | — | — | 1,224 | — | — | |||||||||||||||||||
Home Equity | 99 | — | — | 49 | — | — | |||||||||||||||||||
Junior Liens | — | — | — | 220 | — | — | |||||||||||||||||||
Multifamily | 2,770 | — | — | 1,385 | — | — | |||||||||||||||||||
All Other Residential | — | — | — | — | — | — | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | — | — | — | — | — | — | |||||||||||||||||||
All Other Consumer | — | — | — | — | — | — | |||||||||||||||||||
TOTAL | $ | 30,297 | $ | — | $ | — | $ | 29,835 | $ | — | $ | — | |||||||||||||
Schedule of non-performing loans | ' | ||||||||||||||||||||||||
The table below presents the recorded investment in non-performing loans. | |||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
Loans Past | Troubled | ||||||||||||||||||||||||
Due Over | Debt | ||||||||||||||||||||||||
90 Day Still | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Accruing | Restructurings | Nonaccrual | ||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | $ | 10 | $ | 10,083 | $ | 5,061 | |||||||||||||||||||
Farmland | — | — | 179 | ||||||||||||||||||||||
Non Farm, Non Residential | 37 | 6,215 | 5,189 | ||||||||||||||||||||||
Agriculture | — | — | 116 | ||||||||||||||||||||||
All Other Commercial | — | — | 4,165 | ||||||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 747 | 4,276 | 4,414 | ||||||||||||||||||||||
Home Equity | 22 | — | 188 | ||||||||||||||||||||||
Junior Liens | 147 | — | 547 | ||||||||||||||||||||||
Multifamily | — | — | 452 | ||||||||||||||||||||||
All Other Residential | — | — | 135 | ||||||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | 172 | 626 | 186 | ||||||||||||||||||||||
All Other Consumer | 4 | 17 | 1,168 | ||||||||||||||||||||||
TOTAL | $ | 1,139 | $ | 21,217 | $ | 21,800 | |||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Loans Past | Troubled | ||||||||||||||||||||||||
Due Over | Debt | ||||||||||||||||||||||||
90 Day Still | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Accruing | Restructurings | Nonaccrual | ||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | $ | 724 | $ | 11,573 | $ | 9,360 | |||||||||||||||||||
Farmland | 231 | — | 907 | ||||||||||||||||||||||
Non Farm, Non Residential | 491 | 4,836 | 6,718 | ||||||||||||||||||||||
Agriculture | 69 | — | 104 | ||||||||||||||||||||||
All Other Commercial | — | — | 4,811 | ||||||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 1,237 | 4,126 | 6,852 | ||||||||||||||||||||||
Home Equity | 24 | — | 196 | ||||||||||||||||||||||
Junior Liens | 538 | — | 405 | ||||||||||||||||||||||
Multifamily | 101 | — | 5,598 | ||||||||||||||||||||||
All Other Residential | — | — | 150 | ||||||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | 133 | 685 | 174 | ||||||||||||||||||||||
All Other Consumer | 3 | 16 | 1,519 | ||||||||||||||||||||||
TOTAL | $ | 3,551 | $ | 21,236 | $ | 36,794 | |||||||||||||||||||
Aging of recorded investment in loans by past due category and class of loans | ' | ||||||||||||||||||||||||
The following table presents the aging of the recorded investment in loans by past due category and class of loans. | |||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater | Total | ||||||||||||||||||||||
than 90 days | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Past Due | Past Due | Past Due | Past Due | Current | Total | |||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | $ | 1,863 | $ | 1,096 | $ | 10,830 | $ | 13,789 | $ | 466,057 | $ | 479,846 | |||||||||||||
Farmland | 58 | — | 123 | 181 | 85,479 | 85,660 | |||||||||||||||||||
Non Farm, Non Residential | 204 | 464 | 3,080 | 3,748 | 255,676 | 259,424 | |||||||||||||||||||
Agriculture | 280 | — | 1 | 281 | 129,151 | 129,432 | |||||||||||||||||||
All Other Commercial | 260 | 102 | — | 362 | 108,605 | 108,967 | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 1,701 | 1,563 | 1,889 | 5,153 | 331,226 | 336,379 | |||||||||||||||||||
Home Equity | 177 | 9 | 22 | 208 | 42,288 | 42,496 | |||||||||||||||||||
Junior Liens | 248 | 57 | 659 | 964 | 32,864 | 33,828 | |||||||||||||||||||
Multifamily | 20 | — | 404 | 424 | 60,584 | 61,008 | |||||||||||||||||||
All Other Residential | — | 26 | — | 26 | 10,289 | 10,315 | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | 3,250 | 474 | 189 | 3,913 | 244,281 | 248,194 | |||||||||||||||||||
All Other Consumer | 152 | 9 | 4 | 165 | 22,159 | 22,324 | |||||||||||||||||||
TOTAL | $ | 8,213 | $ | 3,800 | $ | 17,201 | $ | 29,214 | $ | 1,788,659 | $ | 1,817,873 | |||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater | Total | ||||||||||||||||||||||
than 90 days | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Past Due | Past Due | Past Due | Past Due | Current | Total | |||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | $ | 1,315 | $ | 861 | $ | 3,616 | $ | 5,792 | $ | 487,160 | $ | 492,952 | |||||||||||||
Farmland | 534 | — | 1,122 | 1,656 | 87,270 | 88,926 | |||||||||||||||||||
Non Farm, Non Residential | 5,618 | 1,004 | 2,449 | 9,071 | 290,023 | 299,094 | |||||||||||||||||||
Agriculture | 137 | — | 78 | 215 | 130,404 | 130,619 | |||||||||||||||||||
All Other Commercial | 568 | 202 | 350 | 1,120 | 81,453 | 82,573 | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 8,359 | 1,659 | 4,599 | 14,617 | 336,230 | 350,847 | |||||||||||||||||||
Home Equity | 143 | 15 | 24 | 182 | 43,317 | 43,499 | |||||||||||||||||||
Junior Liens | 555 | 98 | 586 | 1,239 | 36,535 | 37,774 | |||||||||||||||||||
Multifamily | 52 | — | 5,641 | 5,693 | 49,019 | 54,712 | |||||||||||||||||||
All Other Residential | 214 | — | — | 214 | 10,834 | 11,048 | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | 4,164 | 600 | 182 | 4,946 | 241,303 | 246,249 | |||||||||||||||||||
All Other Consumer | 225 | 93 | 3 | 321 | 23,318 | 23,639 | |||||||||||||||||||
TOTAL | $ | 21,884 | $ | 4,532 | $ | 18,650 | $ | 45,066 | $ | 1,816,866 | $ | 1,861,932 | |||||||||||||
Analysis of risk category of loans by class of loans | ' | ||||||||||||||||||||||||
Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Loans listed as not rated are either less than $100 thousand or are included in groups of homogeneous loans. As of September 30, 2013 and December 31, 2012, and based on the most recent analysis performed, the risk category of loans by class of loans are as follows: | |||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Pass | Special | Substandard | Doubtful | Not Rated | Total | |||||||||||||||||||
Mention | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | $ | 417,192 | $ | 19,532 | $ | 28,254 | $ | 6,656 | $ | 7,159 | $ | 478,793 | |||||||||||||
Farmland | 79,780 | 3,717 | 435 | — | 129 | 84,061 | |||||||||||||||||||
Non Farm, Non Residential | 228,337 | 8,266 | 20,812 | 543 | 826 | 258,784 | |||||||||||||||||||
Agriculture | 122,541 | 4,939 | 80 | — | 111 | 127,671 | |||||||||||||||||||
All Other Commercial | 93,628 | 3,639 | 10,550 | 47 | 650 | 108,514 | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 115,051 | 4,217 | 8,274 | 1,245 | 206,439 | 335,226 | |||||||||||||||||||
Home Equity | 13,207 | 370 | 1,526 | 113 | 27,209 | 42,425 | |||||||||||||||||||
Junior Liens | 9,088 | 39 | 631 | 241 | 23,708 | 33,707 | |||||||||||||||||||
Multifamily | 56,738 | 2,473 | 1,568 | 48 | 8 | 60,835 | |||||||||||||||||||
All Other Residential | 3,285 | — | 33 | — | 6,966 | 10,284 | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | 11,752 | 290 | 358 | 9 | 234,689 | 247,098 | |||||||||||||||||||
All Other Consumer | 3,670 | 76 | 64 | 23 | 18,351 | 22,184 | |||||||||||||||||||
TOTAL | $ | 1,154,269 | $ | 47,558 | $ | 72,585 | $ | 8,925 | $ | 526,245 | $ | 1,809,582 | |||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Pass | Special | Substandard | Doubtful | Not Rated | Total | |||||||||||||||||||
Mention | |||||||||||||||||||||||||
Commercial | |||||||||||||||||||||||||
Commercial & Industrial | $ | 414,680 | $ | 31,368 | $ | 31,442 | $ | 7,138 | $ | 7,025 | $ | 491,653 | |||||||||||||
Farmland | 81,977 | 2,718 | 1,616 | — | 805 | 87,116 | |||||||||||||||||||
Non Farm, Non Residential | 249,614 | 25,764 | 22,038 | 831 | 42 | 298,289 | |||||||||||||||||||
Agriculture | 119,789 | 8,921 | 134 | — | 62 | 128,906 | |||||||||||||||||||
All Other Commercial | 69,952 | 132 | 11,239 | 54 | 803 | 82,180 | |||||||||||||||||||
Residential | |||||||||||||||||||||||||
First Liens | 113,360 | 8,986 | 11,516 | 689 | 215,034 | 349,585 | |||||||||||||||||||
Home Equity | 13,035 | 469 | 1,631 | 23 | 28,267 | 43,425 | |||||||||||||||||||
Junior Liens | 10,419 | 50 | 515 | 70 | 26,575 | 37,629 | |||||||||||||||||||
Multifamily | 42,719 | 3,328 | 8,481 | 59 | — | 54,587 | |||||||||||||||||||
All Other Residential | 2,840 | — | 35 | — | 8,136 | 11,011 | |||||||||||||||||||
Consumer | |||||||||||||||||||||||||
Motor Vehicle | 11,695 | 262 | 311 | 25 | 232,727 | 245,020 | |||||||||||||||||||
All Other Consumer | 4,614 | 73 | 104 | 21 | 18,675 | 23,487 | |||||||||||||||||||
TOTAL | $ | 1,134,694 | $ | 82,071 | $ | 89,062 | $ | 8,910 | $ | 538,151 | $ | 1,852,888 | |||||||||||||
Securities_Tables
Securities (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Amortized cost and fair value of investments classified as available-for-sale | ' | ||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Amortized | Unrealized | Unrealized | Fair Value | |||||||||||||||||||||
Cost | Gains | Losses | |||||||||||||||||||||||
U.S. Government agencies | $ | 1,625 | $ | 6 | $ | — | $ | 1,631 | |||||||||||||||||
Mortgage Backed Securities - Residential | 203,624 | 8,386 | (1,783 | ) | 210,227 | ||||||||||||||||||||
Mortgage Backed Securities - Commercial | 4,768 | 1 | (246 | ) | 4,523 | ||||||||||||||||||||
Collateralized Mortgage Obligations | 466,978 | 1,918 | (12,784 | ) | 456,112 | ||||||||||||||||||||
State and Municipal Obligations | 186,632 | 7,011 | (1,647 | ) | 191,996 | ||||||||||||||||||||
Collateralized Debt Obligations | 11,007 | 3,681 | (7,164 | ) | 7,524 | ||||||||||||||||||||
Equity Securities | 320 | 342 | — | 662 | |||||||||||||||||||||
TOTAL | $ | 874,954 | $ | 21,345 | $ | (23,624 | ) | $ | 872,675 | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
(Dollar amounts in thousands) | Amortized | Unrealized | Unrealized | Fair Value | |||||||||||||||||||||
Cost | Gains | Losses | |||||||||||||||||||||||
U.S. Government agencies | $ | 1,807 | $ | 79 | $ | — | $ | 1,886 | |||||||||||||||||
Mortgage Backed Securities-residential | 231,316 | 13,373 | (13 | ) | 244,676 | ||||||||||||||||||||
Mortgage Backed Securities-commercial | 5,146 | 1 | (16 | ) | 5,131 | ||||||||||||||||||||
Collateralized mortgage obligations | 230,739 | 2,827 | (246 | ) | 233,320 | ||||||||||||||||||||
State and municipal | 187,044 | 12,518 | (77 | ) | 199,485 | ||||||||||||||||||||
Collateralized debt obligations | 12,243 | 1,761 | (7,882 | ) | 6,122 | ||||||||||||||||||||
Equities | 320 | 60 | — | 380 | |||||||||||||||||||||
TOTAL | $ | 668,615 | $ | 30,619 | $ | (8,234 | ) | $ | 691,000 | ||||||||||||||||
Schedule of contractual maturities of debt securities | ' | ||||||||||||||||||||||||
Contractual maturities of debt securities at September 30, 2013 were as follows. Securities not due at a single maturity or with no maturity date, primarily mortgage-backed and equity securities are shown separately. | |||||||||||||||||||||||||
Available-for-Sale | |||||||||||||||||||||||||
Amortized | Fair | ||||||||||||||||||||||||
(Dollar amounts in thousands) | Cost | Value | |||||||||||||||||||||||
Due in one year or less | $ | 12,171 | $ | 12,263 | |||||||||||||||||||||
Due after one but within five years | 35,071 | 36,659 | |||||||||||||||||||||||
Due after five but within ten years | 83,992 | 86,735 | |||||||||||||||||||||||
Due after ten years | 535,008 | 521,606 | |||||||||||||||||||||||
666,242 | 657,263 | ||||||||||||||||||||||||
Mortgage-backed securities and equities | 208,712 | 215,412 | |||||||||||||||||||||||
TOTAL | $ | 874,954 | $ | 872,675 | |||||||||||||||||||||
Schedule of gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position | ' | ||||||||||||||||||||||||
The following tables show the securities’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position, at September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
Less Than 12 Months | More Than 12 Months | Total | |||||||||||||||||||||||
Unrealized | Unrealized | Unrealized | |||||||||||||||||||||||
(Dollar amounts in thousands) | Fair Value | Losses | Fair Value | Losses | Fair Value | Losses | |||||||||||||||||||
Mortgage Backed Securities - Residential | $ | 60,541 | $ | (1,783 | ) | $ | — | $ | — | $ | 60,541 | $ | (1,783 | ) | |||||||||||
Mortgage Backed Securities - Commercial | 4,486 | (246 | ) | — | — | 4,486 | (246 | ) | |||||||||||||||||
Collateralized mortgage obligations | 333,189 | (12,258 | ) | 8,791 | (526 | ) | 341,980 | (12,784 | ) | ||||||||||||||||
State and municipal obligations | 38,538 | (1,553 | ) | 991 | (94 | ) | 39,529 | (1,647 | ) | ||||||||||||||||
Collateralized Debt Obligations | — | — | 3,843 | (7,164 | ) | 3,843 | (7,164 | ) | |||||||||||||||||
Total temporarily impaired securities | $ | 436,754 | $ | (15,840 | ) | $ | 13,625 | $ | (7,784 | ) | $ | 450,379 | $ | (23,624 | ) | ||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Less Than 12 Months | More Than 12 Months | Total | |||||||||||||||||||||||
Unrealized | Unrealized | Unrealized | |||||||||||||||||||||||
(Dollar amounts in thousands) | Fair Value | Losses | Fair Value | Losses | Fair Value | Losses | |||||||||||||||||||
Mortgage Backed Securities - Residential | $ | 7,245 | $ | (13 | ) | $ | — | $ | — | $ | 7,245 | $ | (13 | ) | |||||||||||
Mortgage Backed Securities - Commercial | 5,086 | (16 | ) | — | — | 5,086 | (16 | ) | |||||||||||||||||
Collateralized mortgage obligations | 46,121 | (246 | ) | — | — | 46,121 | (246 | ) | |||||||||||||||||
State and municipal obligations | 8,611 | (77 | ) | — | — | 8,611 | (77 | ) | |||||||||||||||||
Collateralized Debt Obligations | — | — | 4,032 | (7,882 | ) | 4,032 | (7,882 | ) | |||||||||||||||||
Total temporarily impaired securities | $ | 67,063 | $ | (352 | ) | $ | 4,032 | $ | (7,882 | ) | $ | 71,095 | $ | (8,234 | ) | ||||||||||
Rollforward of the credit losses recognized in earnings | ' | ||||||||||||||||||||||||
The table below presents a rollforward of the credit losses recognized in earnings for the three and nine month periods ended September 30, 2013 and 2012: | |||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||
(Dollar amounts in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||||||
Beginning balance | $ | 14,983 | $ | 14,983 | $ | 14,983 | $ | 15,180 | |||||||||||||||||
Increases to the amount related to the credit | |||||||||||||||||||||||||
Loss for which other-than-temporary was previously recognized | — | — | — | 11 | |||||||||||||||||||||
Reductions for increases in cash flows collected | (581 | ) | — | (581 | ) | — | |||||||||||||||||||
Amounts realized for securities sold during the period | — | — | — | (208 | ) | ||||||||||||||||||||
Ending balance | $ | 14,402 | $ | 14,983 | $ | 14,402 | $ | 14,983 | |||||||||||||||||
Fair_Value_Tables
Fair Value (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Schedule of assets and liabilities measured at fair value | ' | ||||||||||||||||||||
The fair value of derivatives is based on valuation models using observable market data as of the measurement date (Level 2 inputs). | |||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Fair Value Measurements Using Significant | |||||||||||||||||||||
Unobservable Inputs (Level 3) | |||||||||||||||||||||
(Dollar amounts in thousands) | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||
U.S. Government agencies | $ | — | $ | 1,631 | $ | — | $ | 1,631 | |||||||||||||
Mortgage Backed Securities-residential | — | 210,227 | — | 210,227 | |||||||||||||||||
Mortgage Backed Securities-commercial | — | 4,523 | — | 4,523 | |||||||||||||||||
Collateralized mortgage obligations | — | 456,112 | — | 456,112 | |||||||||||||||||
State and municipal | — | 187,472 | 4,524 | 191,996 | |||||||||||||||||
Collateralized debt obligations | — | — | 7,524 | 7,524 | |||||||||||||||||
Equities | 662 | — | — | 662 | |||||||||||||||||
TOTAL | $ | 662 | $ | 859,965 | $ | 12,048 | $ | 872,675 | |||||||||||||
Derivative Assets | 1,381 | ||||||||||||||||||||
Derivative Liabilities | (1,381 | ) | |||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Fair Value Measurements Using Significant | |||||||||||||||||||||
Unobservable Inputs (Level 3) | |||||||||||||||||||||
(Dollar amounts in thousands) | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||
U.S. Government agencies | $ | — | $ | 1,886 | $ | — | $ | 1,886 | |||||||||||||
Mortgage Backed Securities-residential | — | 244,676 | — | 244,676 | |||||||||||||||||
Mortgage Backed Securities-commercial | — | 5,131 | — | 5,131 | |||||||||||||||||
Collateralized mortgage obligations | — | 233,320 | — | 233,320 | |||||||||||||||||
State and municipal | — | 189,574 | 9,911 | 199,485 | |||||||||||||||||
Collateralized debt obligations | — | — | 6,122 | 6,122 | |||||||||||||||||
Equities | 380 | — | — | 380 | |||||||||||||||||
TOTAL | $ | 380 | $ | 674,587 | $ | 16,033 | $ | 691,000 | |||||||||||||
Derivative Assets | 2,053 | ||||||||||||||||||||
Derivative Liabilities | (2,053 | ) | |||||||||||||||||||
Roll forward of financial instruments having fair value measurements using significant unobservable inputs (Level 3) | ' | ||||||||||||||||||||
The table below presents a reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2013 and the year ended December 31, 2012. | |||||||||||||||||||||
Fair Value Measurements Using Significant Unobservable Inputs (Level 3) | |||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||
State and | Collateralized | Total | |||||||||||||||||||
municipal | debt | ||||||||||||||||||||
obligations | obligations | ||||||||||||||||||||
Beginning balance, July 1 | $ | 6,502 | $ | 8,177 | $ | 14,679 | |||||||||||||||
Total realized/unrealized gains or losses | |||||||||||||||||||||
Included in earnings | — | — | — | ||||||||||||||||||
Included in other comprehensive income | — | (305 | ) | (305 | ) | ||||||||||||||||
Transfers | (1,187 | ) | — | (1,187 | ) | ||||||||||||||||
Settlements | (790 | ) | (349 | ) | (1,139 | ) | |||||||||||||||
Ending balance, September 30 | $ | 4,525 | $ | 7,523 | $ | 12,048 | |||||||||||||||
Fair Value Measurements Using Significant Unobservable Inputs (Level 3) | |||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||
State and | Collateralized | Total | |||||||||||||||||||
municipal | debt | ||||||||||||||||||||
obligations | obligations | ||||||||||||||||||||
Beginning balance, January 1 | $ | 9,911 | $ | 6,122 | $ | 16,033 | |||||||||||||||
Total realized/unrealized gains or losses | |||||||||||||||||||||
Included in earnings | — | — | |||||||||||||||||||
Included in other comprehensive income | — | 2,499 | 2,499 | ||||||||||||||||||
Transfers | (1,187 | ) | — | (1,187 | ) | ||||||||||||||||
Settlements | (4,199 | ) | (1,098 | ) | (5,297 | ) | |||||||||||||||
Ending balance, September 30 | $ | 4,525 | $ | 7,523 | $ | 12,048 | |||||||||||||||
The transfers out of level 3 is due to securities that previously were not priced independently are now priced as other level 2 securities. | |||||||||||||||||||||
Fair Value Measurements Using Significant Unobservable Inputs (Level 3) | |||||||||||||||||||||
Balance at December 31, 2012 | |||||||||||||||||||||
Equities | State and | Collateralized | Total | ||||||||||||||||||
municipal | debt | ||||||||||||||||||||
obligations | obligations | ||||||||||||||||||||
Beginning balance, January 1 | $ | 1,711 | $ | 9,525 | $ | 4,771 | $ | 16,007 | |||||||||||||
Total realized/unrealized gains or losses | |||||||||||||||||||||
Included in earnings | (446 | ) | — | (96 | ) | (542 | ) | ||||||||||||||
Included in other comprehensive income | — | — | 1,556 | 1,556 | |||||||||||||||||
Purchases | — | 1,186 | — | 1,186 | |||||||||||||||||
Settlements | (1,265 | ) | (800 | ) | (109 | ) | (2,174 | ) | |||||||||||||
Ending balance, December 31 | $ | — | $ | 9,911 | $ | 6,122 | $ | 16,033 | |||||||||||||
Quantitative information about recurring and non-recurring Level 3 | ' | ||||||||||||||||||||
The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at September 30, 2013. | |||||||||||||||||||||
Fair Value | Valuation Technique(s) | Unobservable Input(s) | Range | ||||||||||||||||||
State and municipal obligations | $ | 4,525 | Discounted cash flow | Discount rate | 3.05%-5.50% | ||||||||||||||||
Probability of default | |||||||||||||||||||||
Other real estate | $ | 9,249 | Sales comparison/income approach | Discount rate for age of appraisal and market conditions | 5.00%-20.00% | ||||||||||||||||
Impaired Loans | 17,324 | Sales comparison/income approach | Discount rate for age of appraisal and market conditions | 0.00%-50.00% | |||||||||||||||||
Schedule of loans identified as impaired by class of loans | ' | ||||||||||||||||||||
The following tables presents loans identified as impaired by class of loans as of September 30, 2013 and December 31, 2012, which are all considered Level 3. | |||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
(Dollar amounts in thousands) | Carrying | Allowance | Fair Value | ||||||||||||||||||
Value | for Loan | ||||||||||||||||||||
Losses | |||||||||||||||||||||
Allocated | |||||||||||||||||||||
Commercial | |||||||||||||||||||||
Commercial & Industrial | $ | 10,792 | $ | 3,353 | $ | 7,439 | |||||||||||||||
Farmland | — | — | — | ||||||||||||||||||
Non Farm, Non Residential | 7,997 | 1,361 | 6,636 | ||||||||||||||||||
Agriculture | — | — | — | ||||||||||||||||||
All Other Commercial | 4,107 | 896 | 3,211 | ||||||||||||||||||
Residential | |||||||||||||||||||||
First Liens | 38 | — | 38 | ||||||||||||||||||
Home Equity | — | — | — | ||||||||||||||||||
Junior Liens | — | — | — | ||||||||||||||||||
Multifamily | — | — | — | ||||||||||||||||||
All Other Residential | — | — | — | ||||||||||||||||||
Consumer | |||||||||||||||||||||
Motor Vehicle | — | — | — | ||||||||||||||||||
All Other Consumer | — | — | — | ||||||||||||||||||
TOTAL | $ | 22,934 | $ | 5,610 | $ | 17,324 | |||||||||||||||
December 31, 2012 | |||||||||||||||||||||
(Dollar amounts in thousands) | Carrying | Allowance | Fair Value | ||||||||||||||||||
Value | for Loan | ||||||||||||||||||||
Losses | |||||||||||||||||||||
Allocated | |||||||||||||||||||||
Commercial | |||||||||||||||||||||
Commercial & Industrial | $ | 17,098 | $ | 3,153 | $ | 13,945 | |||||||||||||||
Farmland | 891 | 191 | 700 | ||||||||||||||||||
Non Farm, Non Residential | 7,386 | 293 | 7,093 | ||||||||||||||||||
Agriculture | — | — | |||||||||||||||||||
All Other Commercial | 1,209 | 52 | 1,157 | ||||||||||||||||||
Residential | |||||||||||||||||||||
First Liens | 1,254 | 126 | 1,128 | ||||||||||||||||||
Home Equity | 179 | — | 179 | ||||||||||||||||||
Junior Liens | — | — | — | ||||||||||||||||||
Multifamily | 5,540 | 3,794 | 1,746 | ||||||||||||||||||
All Other Residential | — | — | |||||||||||||||||||
Consumer | |||||||||||||||||||||
Motor Vehicle | — | — | |||||||||||||||||||
All Other Consumer | — | — | |||||||||||||||||||
TOTAL | $ | 33,557 | $ | 7,609 | $ | 25,948 | |||||||||||||||
Schedule of carrying amount and estimated fair value of financial instruments | ' | ||||||||||||||||||||
The fair value of off-balance sheet items is not considered material. | |||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Carrying | Fair Value | ||||||||||||||||||||
(Dollar amounts in thousands) | Value | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||
Cash and due from banks | $ | 80,899 | $ | 20,404 | $ | 60,495 | $ | — | $ | 80,899 | |||||||||||
Federal funds sold | 3,420 | — | 3,420 | — | 3,420 | ||||||||||||||||
Securities available—for—sale | 872,675 | 662 | 859,965 | 12,048 | 872,675 | ||||||||||||||||
Restricted stock | 21,050 | — | — | — | — | ||||||||||||||||
Loans, net | 1,786,601 | — | 1,845,392 | 1,845,392 | |||||||||||||||||
FDIC Indemnification Asset | 1,171 | — | 1,171 | — | 1,171 | ||||||||||||||||
Accrued interest receivable | 11,767 | — | 3,475 | 8,292 | 11,767 | ||||||||||||||||
Deposits | (2,487,028 | ) | — | (2,489,329 | ) | — | (2,489,329 | ) | |||||||||||||
Short—term borrowings | (27,929 | ) | — | (27,929 | ) | — | (27,929 | ) | |||||||||||||
Federal Home Loan Bank advances | (58,362 | ) | — | (60,721 | ) | — | (60,721 | ) | |||||||||||||
Accrued interest payable | (770 | ) | — | (770 | ) | — | (770 | ) | |||||||||||||
December 31, 2012 | |||||||||||||||||||||
Carrying | Fair Value | ||||||||||||||||||||
(Dollar amounts in thousands) | Value | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||
Cash and due from banks | $ | 87,230 | $ | 21,333 | $ | 65,897 | $ | — | $ | 87,230 | |||||||||||
Federal funds sold | 20,800 | — | 20,800 | — | 20,800 | ||||||||||||||||
Securities available—for—sale | 691,000 | 380 | 674,587 | 16,033 | 691,000 | ||||||||||||||||
Restricted stock | 21,292 | — | — | — | — | ||||||||||||||||
Loans, net | 1,829,978 | — | — | 1,916,256 | 1,916,256 | ||||||||||||||||
FDIC Indemnification Asset | 2,632 | — | 2,632 | — | 2,632 | ||||||||||||||||
Accrued interest receivable | 12,024 | — | 2,980 | 9,044 | 12,024 | ||||||||||||||||
Deposits | (2,276,134 | ) | — | (2,280,910 | ) | — | (2,280,910 | ) | |||||||||||||
Short—term borrowings | (40,551 | ) | — | (40,551 | ) | — | (40,551 | ) | |||||||||||||
Federal Home Loan Bank advances | (119,705 | ) | — | (124,933 | ) | — | (124,933 | ) | |||||||||||||
Accrued interest payable | (1,163 | ) | — | (1,163 | ) | — | (1,163 | ) | |||||||||||||
ShortTerm_Borrowings_Tables
Short-Term Borrowings (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Short Term Borrowings Disclosure [Abstract] | ' | |||||||
Schedule of short-term borrowings | ' | |||||||
Period–end short-term borrowings were comprised of the following: | ||||||||
(000 's) | ||||||||
September 30, 2013 | December 31, 2012 | |||||||
Federal Funds Purchased | $ | 160 | $ | 2,750 | ||||
Repurchase Agreements | 27,769 | 37,801 | ||||||
$ | 27,929 | $ | 40,551 | |||||
Other_Borrowings_Tables
Other Borrowings (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Other Borrowings Disclosure [Abstract] | ' | |||||||
Schedule of other borrowings | ' | |||||||
(000 's) | ||||||||
September 30, 2013 | December 31, 2012 | |||||||
FHLB Advances | $ | 58,362 | $ | 119,705 | ||||
$ | 58,362 | $ | 119,705 | |||||
Components_of_Net_Periodic_Ben1
Components of Net Periodic Benefit Cost (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||||||
Schedule of Net Benefit Costs | ' | ||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||||||||||||
(000's) | (000's) | ||||||||||||||||||||||||||||||||
Pension Benefits | Post-Retirement | Pension Benefits | Post-Retirement | ||||||||||||||||||||||||||||||
Health Benefits | Health Benefits | ||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||||
Service cost | $ | 559 | $ | 1,218 | $ | 17 | $ | 15 | $ | 1,678 | $ | 3,654 | $ | 51 | $ | 82 | |||||||||||||||||
Interest cost | 846 | 917 | 43 | 43 | 2,537 | 2,750 | 130 | 180 | |||||||||||||||||||||||||
Expected return on plan assets | (827 | ) | (815 | ) | — | — | (2,482 | ) | (2,444 | ) | — | — | |||||||||||||||||||||
Amortization of transition obligation | — | — | 15 | 15 | — | — | 44 | 45 | |||||||||||||||||||||||||
Net amortization of prior service cost | (4 | ) | 41 | — | — | (12 | ) | 124 | — | — | |||||||||||||||||||||||
Net amortization of net (gain) loss | 523 | 567 | — | — | 1,568 | 1,702 | — | — | |||||||||||||||||||||||||
Net Periodic Benefit Cost | $ | 1,097 | $ | 1,928 | $ | 75 | $ | 73 | $ | 3,289 | $ | 5,786 | $ | 225 | $ | 307 | |||||||||||||||||
Acquisitions_and_FDIC_Indemnif1
Acquisitions and FDIC Indemnification Asset (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||||||
Schedule of carrying amount of covered assets | ' | ||||||||||||||||
The carrying amount of covered assets at September 30, 2013 and December 31, 2012, consisted of loans accounted for in accordance with FASB ASC 310-30, loans not subject to FASB ASC 310-30 and other assets as shown in the following table: | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
ASC 310-30 | Non ASC 310-30 | ||||||||||||||||
(Dollar amounts in thousands) | Loans | Loans | Other | Total | |||||||||||||
Loans | $ | 2,969 | $ | 19,357 | $ | — | $ | 22,326 | |||||||||
Foreclosed Assets | — | — | 253 | 253 | |||||||||||||
Total Covered Assets | $ | 2,969 | $ | 19,357 | $ | 253 | $ | 22,579 | |||||||||
December 31, 2012 | |||||||||||||||||
ASC 310-30 | Non ASC 310-30 | ||||||||||||||||
(Dollar amounts in thousands) | Loans | Loans | Other | Total | |||||||||||||
Loans | $ | 4,279 | $ | 23,475 | $ | — | $ | 27,754 | |||||||||
Foreclosed Assets | — | — | 720 | 720 | |||||||||||||
Total Covered Assets | $ | 4,279 | $ | 23,475 | $ | 720 | $ | 28,474 | |||||||||
Schedule of FDIC Indemnification asset | ' | ||||||||||||||||
The rollforward of the FDIC Indemnification asset is as follows: | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | Year Ended | |||||||||||||||
December 31, | |||||||||||||||||
(Dollar amounts in thousands) | 2013 | 2013 | 2012 | ||||||||||||||
Beginning balance | $ | 1,515 | $ | 2,632 | $ | 2,384 | |||||||||||
Accretion | — | — | |||||||||||||||
Net changes in losses and expenses | (201 | ) | (1,180 | ) | 2,422 | ||||||||||||
Reimbursements from the FDIC | (143 | ) | (281 | ) | (2,174 | ) | |||||||||||
TOTAL | $ | 1,171 | $ | 1,171 | $ | 2,632 | |||||||||||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ||||||||||||
Schedule of Accumulated Other Comprehensive Income | ' | ||||||||||||
The following table summarizes the changes, net of tax within each classification of accumulated other comprehensive income for the three and nine months ended September 30, 2013 and 2012. | |||||||||||||
Unrealized | |||||||||||||
gains and | 2013 | ||||||||||||
Losses on | Retirement | ||||||||||||
available- | |||||||||||||
for-sale | |||||||||||||
(Dollar amounts in thousands) | Securities | plans | Total | ||||||||||
Beginning balance, July 1 | $ | 1,205 | $ | (20,351 | ) | $ | (19,146 | ) | |||||
Change in other comprehensive income before reclassification | (2,322 | ) | — | (2,322 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive income | — | 340 | 340 | ||||||||||
Net Current period other comprehensive other income | (2,322 | ) | 340 | (1,982 | ) | ||||||||
Ending balance, September 30 | $ | (1,117 | ) | $ | (20,011 | ) | $ | (21,128 | ) | ||||
Unrealized | |||||||||||||
gains and | 2013 | ||||||||||||
Losses on | Retirement | ||||||||||||
available- | |||||||||||||
for-sale | |||||||||||||
(Dollar amounts in thousands) | Securities | plans | Total | ||||||||||
Beginning balance, January 1 | $ | 13,431 | $ | (20,903 | ) | $ | (7,472 | ) | |||||
Change in other comprehensive income before reclassification | (14,544 | ) | — | (14,544 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive income | (4 | ) | 892 | 888 | |||||||||
Net Current period other comprehensive other income | (14,548 | ) | 892 | (13,656 | ) | ||||||||
Ending balance, September 30 | $ | (1,117 | ) | $ | (20,011 | ) | $ | (21,128 | ) | ||||
Unrealized | |||||||||||||
gains and | 2012 | ||||||||||||
Losses on | Retirement | ||||||||||||
available- | |||||||||||||
for-sale | |||||||||||||
(Dollar amounts in thousands) | Securities | plans | Total | ||||||||||
Beginning balance, July 1 | $ | 13,124 | $ | (22,462 | ) | $ | (9,338 | ) | |||||
Change in other comprehensive income before reclassification | 1,884 | — | 1,884 | ||||||||||
Amounts reclassified from accumulated other comprehensive income | (10 | ) | 387 | 377 | |||||||||
Net Current period other comprehensive other income | 1,874 | 387 | 2,261 | ||||||||||
Ending balance, September 30 | $ | 14,998 | $ | (22,075 | ) | $ | (7,077 | ) | |||||
Unrealized | |||||||||||||
gains and | 2012 | ||||||||||||
Losses on | Retirement | ||||||||||||
available- | |||||||||||||
for-sale | |||||||||||||
(Dollar amounts in thousands) | Securities | plans | Total | ||||||||||
Beginning balance, January 1 | $ | 12,740 | $ | (23,234 | ) | $ | (10,494 | ) | |||||
Change in other comprehensive income before reclassification | 2,657 | — | 2,657 | ||||||||||
Amounts reclassified from accumulated other comprehensive income | (399 | ) | 1,159 | 760 | |||||||||
Net Current period other comprehensive other income | 2,258 | 1,159 | 3,417 | ||||||||||
Ending balance, September 30 | $ | 14,998 | $ | (22,075 | ) | $ | (7,077 | ) | |||||
Schedule Of Accumulated Other Comprehensive Income Loss Other Than Temporary Impairment | ' | ||||||||||||
Balance | Current | Balance | |||||||||||
at | Period | at | |||||||||||
(Dollar amounts in thousands) | 7/1/13 | Change | 9/30/13 | ||||||||||
Unrealized gains (losses) on securities available-for-sale | |||||||||||||
without other than temporary impairment | $ | 3,023 | $ | (2,250 | ) | $ | 773 | ||||||
Unrealized gains (losses) on securities available-for-sale | |||||||||||||
with other than temporary impairment | (1,818 | ) | (72 | ) | (1,890 | ) | |||||||
Total unrealized loss on securities available-for-sale | $ | 1,205 | $ | (2,322 | ) | $ | (1,117 | ) | |||||
Unrealized loss on retirement plans | (20,351 | ) | 340 | (20,011 | ) | ||||||||
TOTAL | $ | (19,146 | ) | $ | (1,982 | ) | $ | (21,128 | ) | ||||
Balance | Current | Balance | |||||||||||
at | Period | at | |||||||||||
(Dollar amounts in thousands) | 1/1/13 | Change | 9/30/13 | ||||||||||
Unrealized gains (losses) on securities available-for-sale | |||||||||||||
without other than temporary impairment | $ | 17,044 | $ | (16,271 | ) | $ | 773 | ||||||
Unrealized gains (losses) on securities available-for-sale | |||||||||||||
with other than temporary impairment | (3,613 | ) | 1,723 | (1,890 | ) | ||||||||
Total unrealized loss on securities available-for-sale | $ | 13,431 | $ | (14,548 | ) | $ | (1,117 | ) | |||||
Unrealized loss on retirement plans | (20,903 | ) | 892 | (20,011 | ) | ||||||||
TOTAL | $ | (7,472 | ) | $ | (13,656 | ) | $ | (21,128 | ) | ||||
Balance | Current | Balance | |||||||||||
at | Period | at | |||||||||||
(Dollar amounts in thousands) | 7/1/12 | Change | 9/30/12 | ||||||||||
Unrealized gains (losses) on securities available-for-sale | |||||||||||||
without other than temporary impairment | $ | 18,514 | $ | 1,290 | $ | 19,804 | |||||||
Unrealized gains (losses) on securities available-for-sale | |||||||||||||
with other than temporary impairment | (5,390 | ) | 584 | (4,806 | ) | ||||||||
Total unrealized loss on securities available-for-sale | $ | 13,124 | $ | 1,874 | $ | 14,998 | |||||||
Unrealized loss on retirement plans | (22,462 | ) | 387 | (22,075 | ) | ||||||||
TOTAL | $ | (9,338 | ) | $ | 2,261 | $ | (7,077 | ) | |||||
Balance | Current | Balance | |||||||||||
at | Period | at | |||||||||||
(Dollar amounts in thousands) | 1/1/12 | Change | 9/30/12 | ||||||||||
Unrealized gains (losses) on securities available-for-sale | |||||||||||||
without other than temporary impairment | $ | 18,136 | $ | 1,668 | $ | 19,804 | |||||||
Unrealized gains (losses) on securities available-for-sale | |||||||||||||
with other than temporary impairment | (5,396 | ) | 590 | (4,806 | ) | ||||||||
Total unrealized loss on securities available-for-sale | $ | 12,740 | $ | 2,258 | $ | 14,998 | |||||||
Unrealized loss on retirement plans | (23,234 | ) | 1,159 | (22,075 | ) | ||||||||
TOTAL | $ | (10,494 | ) | $ | 3,417 | $ | (7,077 | ) | |||||
Accumulated Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent | ' | ||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||
Details about accumulated | Amount reclassified from | Affected line item in | |||||||||||
other comprehensive | accumulated other | the statement where | |||||||||||
income components | comprehensive income | net income is presented | |||||||||||
(in thousands) | |||||||||||||
Unrealized gains and losses | $ | — | Net securities gains (losses) | ||||||||||
on available-for-sale | — | Income tax expense | |||||||||||
securities | $ | — | Net of tax | ||||||||||
Amortization of | $ | (566 | ) | (a) | |||||||||
retirement plan items | 226 | Income tax expense | |||||||||||
$ | (340 | ) | Net of tax | ||||||||||
Total reclassifications for the period | $ | (340 | ) | Net of tax | |||||||||
(a) Included in the computation of net periodic benefit cost. (see Footnote 7 for additional details). | |||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||
Details about accumulated | Amount reclassified from | Affected line item in | |||||||||||
other comprehensive | accumulated other | the statement where | |||||||||||
income components | comprehensive income | net income is presented | |||||||||||
(in thousands) | |||||||||||||
Unrealized gains and losses | $ | 7 | Net securities gains (losses) | ||||||||||
on available-for-sale | (3 | ) | Income tax expense | ||||||||||
securities | $ | 4 | Net of tax | ||||||||||
Amortization of | $ | (1,486 | ) | (a) | |||||||||
retirement plan items | 594 | Income tax expense | |||||||||||
$ | (892 | ) | Net of tax | ||||||||||
Total reclassifications for the period | $ | (888 | ) | Net of tax | |||||||||
(a) Included in the computation of net periodic benefit cost. (see Footnote 7 for additional details). | |||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||
Details about accumulated | Amount reclassified from | Affected line item in | |||||||||||
other comprehensive | accumulated other | the statement where | |||||||||||
income components | comprehensive income | net income is presented | |||||||||||
(in thousands) | |||||||||||||
Unrealized gains and losses | $ | 17 | Net securities gains (losses) | ||||||||||
on available-for-sale | (7 | ) | Income tax expense | ||||||||||
securities | $ | 10 | Net of tax | ||||||||||
Amortization of | $ | (645 | ) | (a) | |||||||||
retirement plan items | 258 | Income tax expense | |||||||||||
$ | (387 | ) | Net of tax | ||||||||||
Total reclassifications for the period | $ | (377 | ) | Net of tax | |||||||||
(a) Included in the computation of net periodic benefit cost. (see Footnote 7 for additional details). | |||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||
Details about accumulated | Amount reclassified from | Affected line item in | |||||||||||
other comprehensive | accumulated other | the statement where | |||||||||||
income components | comprehensive income | net income is presented | |||||||||||
(in thousands) | |||||||||||||
Unrealized gains and losses | $ | 666 | Net securities gains (losses) | ||||||||||
on available-for-sale | (267 | ) | Income tax expense | ||||||||||
securities | $ | 399 | Net of tax | ||||||||||
Amortization of | $ | (1,932 | ) | (a) | |||||||||
retirement plan items | 773 | Income tax expense | |||||||||||
$ | (1,159 | ) | Net of tax | ||||||||||
Total reclassifications for the period | $ | (760 | ) | Net of tax | |||||||||
(a) Included in the computation of net periodic benefit cost. (see Footnote 7 for additional details). |
Significant_Accounting_Policie1
Significant Accounting Policies (Details Textual) (USD $) | 9 Months Ended | |
In Millions, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
segment | ||
Accounting Policies [Abstract] | ' | ' |
Number of Reportable Segments | 1 | ' |
Vesting period | '3 years | ' |
Incremental vesting rights for first year (as a percent) | 33.00% | ' |
Incremental vesting rights for second year (as a percent) | 33.00% | ' |
Incremental vesting rights for third year (as a percent) | 34.00% | ' |
Number of shares awarded | 30,219 | 39,643 |
Grant date value | $0.90 | $1.40 |
Allowance_for_Loan_Losses_Deta
Allowance for Loan Losses (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Allowance for Loan Losses: | ' | ' | ' | ' | ||||
Beginning balance | $22,133 | $20,092 | $21,958 | $19,241 | ||||
Provision for loan losses | 300 | [1] | 2,640 | [2] | 5,275 | [3] | 8,300 | [4] |
Loans charged off | -1,512 | -1,875 | -9,633 | -7,841 | ||||
Recoveries | 1,083 | 600 | 4,404 | 1,757 | ||||
Ending Balance | 22,004 | 21,457 | 22,004 | 21,457 | ||||
Commercial | ' | ' | ' | ' | ||||
Allowance for Loan Losses: | ' | ' | ' | ' | ||||
Beginning balance | 14,531 | 13,190 | 10,987 | 12,119 | ||||
Provision for loan losses | -486 | [1] | 765 | [2] | 2,438 | [3] | 3,642 | [4] |
Loans charged off | -388 | -715 | -2,273 | -2,917 | ||||
Recoveries | 361 | 167 | 2,866 | 563 | ||||
Ending Balance | 14,018 | 13,407 | 14,018 | 13,407 | ||||
Residential | ' | ' | ' | ' | ||||
Allowance for Loan Losses: | ' | ' | ' | ' | ||||
Beginning balance | 1,592 | 2,124 | 5,426 | 2,728 | ||||
Provision for loan losses | -266 | [1] | 1,594 | [2] | 234 | [3] | 2,859 | [4] |
Loans charged off | -284 | -381 | -4,683 | -2,289 | ||||
Recoveries | 398 | 36 | 463 | 75 | ||||
Ending Balance | 1,440 | 3,373 | 1,440 | 3,373 | ||||
Consumer | ' | ' | ' | ' | ||||
Allowance for Loan Losses: | ' | ' | ' | ' | ||||
Beginning balance | 3,637 | 3,744 | 3,879 | 3,889 | ||||
Provision for loan losses | 504 | [1] | 196 | [2] | 1,348 | [3] | 1,185 | [4] |
Loans charged off | -840 | -779 | -2,677 | -2,635 | ||||
Recoveries | 324 | 397 | 1,075 | 1,119 | ||||
Ending Balance | 3,625 | 3,558 | 3,625 | 3,558 | ||||
Unallocated | ' | ' | ' | ' | ||||
Allowance for Loan Losses: | ' | ' | ' | ' | ||||
Beginning balance | 2,373 | 1,034 | 1,666 | 505 | ||||
Provision for loan losses | 548 | [1] | 85 | [2] | 1,255 | [3] | 614 | [4] |
Loans charged off | 0 | 0 | 0 | 0 | ||||
Recoveries | 0 | 0 | 0 | 0 | ||||
Ending Balance | $2,921 | $1,119 | $2,921 | $1,119 | ||||
[1] | Provision before increase of $195 thousand in 2013for decrease in FDIC indemnification asset | |||||||
[2] | Provision before decrease of $81 thousand in 2012 for increase in FDIC indemnification asset | |||||||
[3] | Provision before increase of $1.2 million in 2013 for decrease in FDIC indemnification asset | |||||||
[4] | Provision before decrease of $1.0 million in 2012 for increase in FDIC indemnification asset |
Allowance_for_Loan_Losses_Deta1
Allowance for Loan Losses (Details 1) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||||
Ending Balance Attributable to Loans | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | $5,510 | ' | $7,373 | ' | ' | ' |
Collectively evaluated for impairment | 15,498 | ' | 14,337 | ' | ' | ' |
Acquired with deteriorated credit quality | 996 | ' | 248 | ' | ' | ' |
Ending Balance | 22,004 | 22,133 | 21,958 | 21,457 | 20,092 | 19,241 |
Loans | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 24,967 | ' | 30,694 | ' | ' | ' |
Collectively evaluated for impairment | 1,780,028 | ' | 1,814,229 | ' | ' | ' |
Acquired with deteriorated credit quality | 12,878 | ' | 17,009 | ' | ' | ' |
Total | 1,817,873 | ' | 1,861,932 | ' | ' | ' |
Commercial | ' | ' | ' | ' | ' | ' |
Ending Balance Attributable to Loans | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 5,510 | ' | 3,453 | ' | ' | ' |
Collectively evaluated for impairment | 7,698 | ' | 7,286 | ' | ' | ' |
Acquired with deteriorated credit quality | 810 | ' | 248 | ' | ' | ' |
Ending Balance | 14,018 | 14,531 | 10,987 | 13,407 | 13,190 | 12,119 |
Loans | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 24,741 | ' | 23,721 | ' | ' | ' |
Collectively evaluated for impairment | 1,028,446 | ' | 1,056,861 | ' | ' | ' |
Acquired with deteriorated credit quality | 10,142 | ' | 13,582 | ' | ' | ' |
Total | 1,063,329 | ' | 1,094,164 | ' | ' | ' |
Residential | ' | ' | ' | ' | ' | ' |
Ending Balance Attributable to Loans | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | 3,920 | ' | ' | ' |
Collectively evaluated for impairment | 1,254 | ' | 1,506 | ' | ' | ' |
Acquired with deteriorated credit quality | 186 | ' | 0 | ' | ' | ' |
Ending Balance | 1,440 | 1,592 | 5,426 | 3,373 | 2,124 | 2,728 |
Loans | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 226 | ' | 6,973 | ' | ' | ' |
Collectively evaluated for impairment | 481,064 | ' | 487,486 | ' | ' | ' |
Acquired with deteriorated credit quality | 2,736 | ' | 3,421 | ' | ' | ' |
Total | 484,026 | ' | 497,880 | ' | ' | ' |
Consumer | ' | ' | ' | ' | ' | ' |
Ending Balance Attributable to Loans | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | 0 | ' | ' | ' |
Collectively evaluated for impairment | 3,625 | ' | 3,879 | ' | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | 0 | ' | ' | ' |
Ending Balance | 3,625 | 3,637 | 3,879 | 3,558 | 3,744 | 3,889 |
Loans | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | 0 | ' | ' | ' |
Collectively evaluated for impairment | 270,518 | ' | 269,882 | ' | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | 6 | ' | ' | ' |
Total | 270,518 | ' | 269,888 | ' | ' | ' |
Unallocated | ' | ' | ' | ' | ' | ' |
Ending Balance Attributable to Loans | ' | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | 0 | ' | ' | ' |
Collectively evaluated for impairment | 2,921 | ' | 1,666 | ' | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | 0 | ' | ' | ' |
Ending Balance | $2,921 | $2,373 | $1,666 | $1,119 | $1,034 | $505 |
Allowance_for_Loan_Losses_Deta2
Allowance for Loan Losses (Details 2) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Unpaid Principal Balance | ' | ' | ' | ' | ' |
TOTAL | $26,746 | ' | $26,746 | ' | $33,773 |
Recorded Investment | ' | ' | ' | ' | ' |
TOTAL | 26,482 | ' | 26,482 | ' | 33,557 |
Allowance For Loan Losses Allocated | ' | ' | ' | ' | ' |
TOTAL | 5,610 | ' | 5,610 | ' | 7,609 |
Average Recorded Investment | ' | ' | ' | ' | ' |
TOTAL | 26,756 | 30,297 | 31,030 | 29,835 | 30,580 |
Interest Income Recognized | ' | ' | ' | ' | ' |
TOTAL | 0 | 0 | 0 | 0 | 179 |
Cash Basis Interest Income Recognized | ' | ' | ' | ' | ' |
TOTAL | 0 | 0 | 0 | 0 | 0 |
Commercial & Industrial | ' | ' | ' | ' | ' |
Unpaid Principal Balance | ' | ' | ' | ' | ' |
With no related allowance recorded: | 3,725 | ' | 3,725 | ' | 0 |
With an allowance recorded: | 10,789 | ' | 10,789 | ' | 17,262 |
Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 3,527 | ' | 3,527 | ' | 0 |
With an allowance recorded: | 10,789 | ' | 10,789 | ' | 17,098 |
Allowance For Loan Losses Allocated | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 3,353 | ' | 3,353 | ' | 3,153 |
Average Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 2,728 | 2,531 | 1,464 | 1,266 | 1,013 |
With an allowance recorded: | 11,627 | 15,427 | 14,131 | 16,648 | 16,738 |
Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Farmland | ' | ' | ' | ' | ' |
Unpaid Principal Balance | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 891 |
Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 891 |
Allowance For Loan Losses Allocated | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 191 |
Average Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 891 | 446 | 891 | 891 |
Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Non Farm, Non Residential | ' | ' | ' | ' | ' |
Unpaid Principal Balance | ' | ' | ' | ' | ' |
With no related allowance recorded: | 24 | ' | 24 | ' | 0 |
With an allowance recorded: | 8,063 | ' | 8,063 | ' | 7,438 |
Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 24 | ' | 24 | ' | 0 |
With an allowance recorded: | 7,997 | ' | 7,997 | ' | 7,386 |
Allowance For Loan Losses Allocated | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 1,361 | ' | 1,361 | ' | 293 |
Average Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 12 | 987 | 6 | 2,098 | 1,679 |
With an allowance recorded: | 8,185 | 5,045 | 8,100 | 4,404 | 5,000 |
Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 179 |
Cash Basis Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Agriculture | ' | ' | ' | ' | ' |
Unpaid Principal Balance | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 0 |
Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 0 |
Allowance For Loan Losses Allocated | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 0 |
Average Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
All Other Commercial | ' | ' | ' | ' | ' |
Unpaid Principal Balance | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 4,107 | ' | 4,107 | ' | 1,209 |
Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 4,107 | ' | 4,107 | ' | 1,209 |
Allowance For Loan Losses Allocated | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 896 | ' | 896 | ' | 52 |
Average Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 4,148 | 1,313 | 3,458 | 1,400 | 1,362 |
Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
First Liens | ' | ' | ' | ' | ' |
Unpaid Principal Balance | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 38 | ' | 38 | ' | 1,254 |
Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 38 | ' | 38 | ' | 1,254 |
Allowance For Loan Losses Allocated | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 126 |
Average Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 17 | 0 | 9 | 188 | 150 |
With an allowance recorded: | 39 | 1,234 | 646 | 1,224 | 1,230 |
Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Home Equity | ' | ' | ' | ' | ' |
Unpaid Principal Balance | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 179 |
Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 179 |
Allowance For Loan Losses Allocated | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 0 |
Average Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 99 | 0 | 49 | 75 |
Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Junior Liens | ' | ' | ' | ' | ' |
Unpaid Principal Balance | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 0 |
Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 0 |
Allowance For Loan Losses Allocated | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 0 |
Average Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 220 | 176 |
Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Multifamily | ' | ' | ' | ' | ' |
Unpaid Principal Balance | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 5,540 |
Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 5,540 |
Allowance For Loan Losses Allocated | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 3,794 |
Average Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 62 | 50 |
With an allowance recorded: | 0 | 2,770 | 2,770 | 1,385 | 2,216 |
Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
All Other Residential | ' | ' | ' | ' | ' |
Unpaid Principal Balance | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 0 |
Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 0 |
Allowance For Loan Losses Allocated | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 0 |
Average Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Motor Vehicle | ' | ' | ' | ' | ' |
Unpaid Principal Balance | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 0 |
Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 0 |
Allowance For Loan Losses Allocated | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 0 |
Average Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
All Other Consumer | ' | ' | ' | ' | ' |
Unpaid Principal Balance | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 0 |
Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 0 |
Allowance For Loan Losses Allocated | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | ' | 0 | ' | 0 |
With an allowance recorded: | 0 | ' | 0 | ' | 0 |
Average Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | ' | ' | ' | ' | ' |
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | $0 | $0 | $0 | $0 | $0 |
Allowance_for_Loan_Losses_Deta3
Allowance for Loan Losses (Details 3) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
Troubled Debt Restructuring | $4,100 | $1,600 |
Nonperforming Financing Receivable [Member] | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
Loans Past Due Over 90 Day Still Accruing | 1,139 | 3,551 |
Troubled Debt Restructuring | 21,217 | 21,236 |
Nonaccrual | 21,800 | 36,794 |
Commercial & Industrial | Nonperforming Financing Receivable [Member] | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
Loans Past Due Over 90 Day Still Accruing | 10 | 724 |
Troubled Debt Restructuring | 10,083 | 11,573 |
Nonaccrual | 5,061 | 9,360 |
Farmland | Nonperforming Financing Receivable [Member] | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
Loans Past Due Over 90 Day Still Accruing | 0 | 231 |
Troubled Debt Restructuring | 0 | 0 |
Nonaccrual | 179 | 907 |
Non Farm, Non Residential | Nonperforming Financing Receivable [Member] | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
Loans Past Due Over 90 Day Still Accruing | 37 | 491 |
Troubled Debt Restructuring | 6,215 | 4,836 |
Nonaccrual | 5,189 | 6,718 |
Agriculture | Nonperforming Financing Receivable [Member] | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
Loans Past Due Over 90 Day Still Accruing | 0 | 69 |
Troubled Debt Restructuring | 0 | 0 |
Nonaccrual | 116 | 104 |
All Other Commercial | Nonperforming Financing Receivable [Member] | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
Loans Past Due Over 90 Day Still Accruing | 0 | 0 |
Troubled Debt Restructuring | 0 | 0 |
Nonaccrual | 4,165 | 4,811 |
First Liens | Nonperforming Financing Receivable [Member] | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
Loans Past Due Over 90 Day Still Accruing | 747 | 1,237 |
Troubled Debt Restructuring | 4,276 | 4,126 |
Nonaccrual | 4,414 | 6,852 |
Home Equity | Nonperforming Financing Receivable [Member] | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
Loans Past Due Over 90 Day Still Accruing | 22 | 24 |
Troubled Debt Restructuring | 0 | 0 |
Nonaccrual | 188 | 196 |
Junior Liens | Nonperforming Financing Receivable [Member] | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
Loans Past Due Over 90 Day Still Accruing | 147 | 538 |
Troubled Debt Restructuring | 0 | 0 |
Nonaccrual | 547 | 405 |
Multifamily | Nonperforming Financing Receivable [Member] | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
Loans Past Due Over 90 Day Still Accruing | 0 | 101 |
Troubled Debt Restructuring | 0 | 0 |
Nonaccrual | 452 | 5,598 |
All Other Residential | Nonperforming Financing Receivable [Member] | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
Loans Past Due Over 90 Day Still Accruing | 0 | 0 |
Troubled Debt Restructuring | 0 | 0 |
Nonaccrual | 135 | 150 |
Motor Vehicle | Nonperforming Financing Receivable [Member] | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
Loans Past Due Over 90 Day Still Accruing | 172 | 133 |
Troubled Debt Restructuring | 626 | 685 |
Nonaccrual | 186 | 174 |
All Other Consumer | Nonperforming Financing Receivable [Member] | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
Loans Past Due Over 90 Day Still Accruing | 4 | 3 |
Troubled Debt Restructuring | 17 | 16 |
Nonaccrual | $1,168 | $1,519 |
Allowance_for_Loan_Losses_Deta4
Allowance for Loan Losses (Details 4) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
30-59 Days Past Due | $8,213 | $21,884 |
60-89 Days Past Due | 3,800 | 4,532 |
Greater than 90 days Past Due | 17,201 | 18,650 |
Total Past Due | 29,214 | 45,066 |
Current | 1,788,659 | 1,816,866 |
Total | 1,817,873 | 1,861,932 |
Commercial & Industrial | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
30-59 Days Past Due | 1,863 | 1,315 |
60-89 Days Past Due | 1,096 | 861 |
Greater than 90 days Past Due | 10,830 | 3,616 |
Total Past Due | 13,789 | 5,792 |
Current | 466,057 | 487,160 |
Total | 479,846 | 492,952 |
Farmland | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
30-59 Days Past Due | 58 | 534 |
60-89 Days Past Due | 0 | 0 |
Greater than 90 days Past Due | 123 | 1,122 |
Total Past Due | 181 | 1,656 |
Current | 85,479 | 87,270 |
Total | 85,660 | 88,926 |
Non Farm, Non Residential | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
30-59 Days Past Due | 204 | 5,618 |
60-89 Days Past Due | 464 | 1,004 |
Greater than 90 days Past Due | 3,080 | 2,449 |
Total Past Due | 3,748 | 9,071 |
Current | 255,676 | 290,023 |
Total | 259,424 | 299,094 |
Agriculture | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
30-59 Days Past Due | 280 | 137 |
60-89 Days Past Due | 0 | 0 |
Greater than 90 days Past Due | 1 | 78 |
Total Past Due | 281 | 215 |
Current | 129,151 | 130,404 |
Total | 129,432 | 130,619 |
All Other Commercial | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
30-59 Days Past Due | 260 | 568 |
60-89 Days Past Due | 102 | 202 |
Greater than 90 days Past Due | 0 | 350 |
Total Past Due | 362 | 1,120 |
Current | 108,605 | 81,453 |
Total | 108,967 | 82,573 |
First Liens | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
30-59 Days Past Due | 1,701 | 8,359 |
60-89 Days Past Due | 1,563 | 1,659 |
Greater than 90 days Past Due | 1,889 | 4,599 |
Total Past Due | 5,153 | 14,617 |
Current | 331,226 | 336,230 |
Total | 336,379 | 350,847 |
Home Equity | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
30-59 Days Past Due | 177 | 143 |
60-89 Days Past Due | 9 | 15 |
Greater than 90 days Past Due | 22 | 24 |
Total Past Due | 208 | 182 |
Current | 42,288 | 43,317 |
Total | 42,496 | 43,499 |
Junior Liens | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
30-59 Days Past Due | 248 | 555 |
60-89 Days Past Due | 57 | 98 |
Greater than 90 days Past Due | 659 | 586 |
Total Past Due | 964 | 1,239 |
Current | 32,864 | 36,535 |
Total | 33,828 | 37,774 |
Multifamily | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
30-59 Days Past Due | 20 | 52 |
60-89 Days Past Due | 0 | 0 |
Greater than 90 days Past Due | 404 | 5,641 |
Total Past Due | 424 | 5,693 |
Current | 60,584 | 49,019 |
Total | 61,008 | 54,712 |
All Other Residential | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
30-59 Days Past Due | 0 | 214 |
60-89 Days Past Due | 26 | 0 |
Greater than 90 days Past Due | 0 | 0 |
Total Past Due | 26 | 214 |
Current | 10,289 | 10,834 |
Total | 10,315 | 11,048 |
Motor Vehicle | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
30-59 Days Past Due | 3,250 | 4,164 |
60-89 Days Past Due | 474 | 600 |
Greater than 90 days Past Due | 189 | 182 |
Total Past Due | 3,913 | 4,946 |
Current | 244,281 | 241,303 |
Total | 248,194 | 246,249 |
All Other Consumer | ' | ' |
Aging of recorded investment in loans by past due category and class of loans | ' | ' |
30-59 Days Past Due | 152 | 225 |
60-89 Days Past Due | 9 | 93 |
Greater than 90 days Past Due | 4 | 3 |
Total Past Due | 165 | 321 |
Current | 22,159 | 23,318 |
Total | $22,324 | $23,639 |
Allowance_for_Loan_Losses_Deta5
Allowance for Loan Losses (Details 5) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | $1,809,582 | $1,852,888 |
Commercial & Industrial | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 478,793 | 491,653 |
Farmland | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 84,061 | 87,116 |
Non Farm, Non Residential | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 258,784 | 298,289 |
Agriculture | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 127,671 | 128,906 |
All Other Commercial | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 108,514 | 82,180 |
First Liens | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 335,226 | 349,585 |
Home Equity | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 42,425 | 43,425 |
Junior Liens | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 33,707 | 37,629 |
Multifamily | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 60,835 | 54,587 |
All Other Residential | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 10,284 | 11,011 |
Motor Vehicle | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 247,098 | 245,020 |
All Other Consumer | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 22,184 | 23,487 |
Pass | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 1,154,269 | 1,134,694 |
Pass | Commercial & Industrial | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 417,192 | 414,680 |
Pass | Farmland | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 79,780 | 81,977 |
Pass | Non Farm, Non Residential | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 228,337 | 249,614 |
Pass | Agriculture | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 122,541 | 119,789 |
Pass | All Other Commercial | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 93,628 | 69,952 |
Pass | First Liens | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 115,051 | 113,360 |
Pass | Home Equity | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 13,207 | 13,035 |
Pass | Junior Liens | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 9,088 | 10,419 |
Pass | Multifamily | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 56,738 | 42,719 |
Pass | All Other Residential | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 3,285 | 2,840 |
Pass | Motor Vehicle | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 11,752 | 11,695 |
Pass | All Other Consumer | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 3,670 | 4,614 |
Special Mention | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 47,558 | 82,071 |
Special Mention | Commercial & Industrial | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 19,532 | 31,368 |
Special Mention | Farmland | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 3,717 | 2,718 |
Special Mention | Non Farm, Non Residential | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 8,266 | 25,764 |
Special Mention | Agriculture | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 4,939 | 8,921 |
Special Mention | All Other Commercial | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 3,639 | 132 |
Special Mention | First Liens | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 4,217 | 8,986 |
Special Mention | Home Equity | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 370 | 469 |
Special Mention | Junior Liens | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 39 | 50 |
Special Mention | Multifamily | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 2,473 | 3,328 |
Special Mention | All Other Residential | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 0 | 0 |
Special Mention | Motor Vehicle | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 290 | 262 |
Special Mention | All Other Consumer | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 76 | 73 |
Substandard | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 72,585 | 89,062 |
Substandard | Commercial & Industrial | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 28,254 | 31,442 |
Substandard | Farmland | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 435 | 1,616 |
Substandard | Non Farm, Non Residential | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 20,812 | 22,038 |
Substandard | Agriculture | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 80 | 134 |
Substandard | All Other Commercial | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 10,550 | 11,239 |
Substandard | First Liens | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 8,274 | 11,516 |
Substandard | Home Equity | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 1,526 | 1,631 |
Substandard | Junior Liens | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 631 | 515 |
Substandard | Multifamily | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 1,568 | 8,481 |
Substandard | All Other Residential | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 33 | 35 |
Substandard | Motor Vehicle | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 358 | 311 |
Substandard | All Other Consumer | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 64 | 104 |
Doubtful | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 8,925 | 8,910 |
Doubtful | Commercial & Industrial | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 6,656 | 7,138 |
Doubtful | Farmland | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 0 | 0 |
Doubtful | Non Farm, Non Residential | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 543 | 831 |
Doubtful | Agriculture | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 0 | 0 |
Doubtful | All Other Commercial | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 47 | 54 |
Doubtful | First Liens | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 1,245 | 689 |
Doubtful | Home Equity | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 113 | 23 |
Doubtful | Junior Liens | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 241 | 70 |
Doubtful | Multifamily | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 48 | 59 |
Doubtful | All Other Residential | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 0 | 0 |
Doubtful | Motor Vehicle | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 9 | 25 |
Doubtful | All Other Consumer | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 23 | 21 |
Not Rated | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 526,245 | 538,151 |
Not Rated | Commercial & Industrial | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 7,159 | 7,025 |
Not Rated | Farmland | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 129 | 805 |
Not Rated | Non Farm, Non Residential | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 826 | 42 |
Not Rated | Agriculture | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 111 | 62 |
Not Rated | All Other Commercial | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 650 | 803 |
Not Rated | First Liens | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 206,439 | 215,034 |
Not Rated | Home Equity | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 27,209 | 28,267 |
Not Rated | Junior Liens | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 23,708 | 26,575 |
Not Rated | Multifamily | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 8 | 0 |
Not Rated | All Other Residential | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 6,966 | 8,136 |
Not Rated | Motor Vehicle | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | 234,689 | 232,727 |
Not Rated | All Other Consumer | ' | ' |
Analysis of risk category of loans by class of loans | ' | ' |
Total loans | $18,351 | $18,675 |
Allowance_for_Loan_Losses_Deta6
Allowance for Loan Losses (Details Textual) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Allowance for loan losses | ' | ' | ' | ' | ' |
Increase in provision for decrease in FDIC indemnification asset | $195,000 | $81,000 | $1,200,000 | $1,000,000 | ' |
Impaired loans | 26,482,000 | ' | 26,482,000 | ' | 33,557,000 |
Allowance for Loan Losses Allocated | 5,610,000 | ' | 5,610,000 | ' | 7,609,000 |
Allocated amount of specific reserves to customers whose loan terms have been modified in troubled debt restructurings | 4,100,000 | ' | 4,100,000 | ' | 1,600,000 |
Loans modified in troubled debt restructurings | 1,600,000 | 5,100,000 | ' | ' | ' |
Subsequent default, recorded investment | ' | ' | 0 | 15,000 | ' |
Minimum outstanding balance of non-homogeneous loans to be individually evaluated as to credit risk | 100,000 | ' | 100,000 | ' | ' |
Covered Loans | ' | ' | ' | ' | ' |
Allowance for loan losses | ' | ' | ' | ' | ' |
Loans Past Due Over 90 Day Still Accruing | 76,000 | ' | 76,000 | ' | 630,000 |
Nonaccrual | 2,700,000 | ' | 2,700,000 | ' | 4,300,000 |
Impaired loans | 1,700,000 | ' | 1,700,000 | ' | 2,900,000 |
Allowance for Loan Losses Allocated | 100,000 | ' | 100,000 | ' | 236,000 |
Non Farm, Non Residential | ' | ' | ' | ' | ' |
Allowance for loan losses | ' | ' | ' | ' | ' |
Allowance for Loan Losses Allocated | 1,361,000 | ' | 1,361,000 | ' | 293,000 |
Loans post modification | $1,500,000 | $4,900,000 | ' | ' | ' |
Securities_Details
Securities (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Amortized cost and fair value of investments classified as available for sale | ' | ' |
Amortized Cost | $874,954 | $668,615 |
Unrealized Gains | 21,345 | 30,619 |
Unrealized Losses | -23,624 | -8,234 |
Fair Value | 872,675 | 691,000 |
U.S. Government agencies | ' | ' |
Amortized cost and fair value of investments classified as available for sale | ' | ' |
Amortized Cost | 1,625 | 1,807 |
Unrealized Gains | 6 | 79 |
Unrealized Losses | 0 | 0 |
Fair Value | 1,631 | 1,886 |
Mortgage Backed Securities - Residential | ' | ' |
Amortized cost and fair value of investments classified as available for sale | ' | ' |
Amortized Cost | 203,624 | 231,316 |
Unrealized Gains | 8,386 | 13,373 |
Unrealized Losses | -1,783 | -13 |
Fair Value | 210,227 | 244,676 |
Mortgage Backed Securities - Commercial | ' | ' |
Amortized cost and fair value of investments classified as available for sale | ' | ' |
Amortized Cost | 4,768 | 5,146 |
Unrealized Gains | 1 | 1 |
Unrealized Losses | -246 | -16 |
Fair Value | 4,523 | 5,131 |
Collateralized Mortgage Obligations | ' | ' |
Amortized cost and fair value of investments classified as available for sale | ' | ' |
Amortized Cost | 466,978 | 230,739 |
Unrealized Gains | 1,918 | 2,827 |
Unrealized Losses | -12,784 | -246 |
Fair Value | 456,112 | 233,320 |
State and Municipal Obligations | ' | ' |
Amortized cost and fair value of investments classified as available for sale | ' | ' |
Amortized Cost | 186,632 | 187,044 |
Unrealized Gains | 7,011 | 12,518 |
Unrealized Losses | -1,647 | -77 |
Fair Value | 191,996 | 199,485 |
Collateralized Debt Obligations | ' | ' |
Amortized cost and fair value of investments classified as available for sale | ' | ' |
Amortized Cost | 11,007 | 12,243 |
Unrealized Gains | 3,681 | 1,761 |
Unrealized Losses | -7,164 | -7,882 |
Fair Value | 7,524 | 6,122 |
Equity Securities | ' | ' |
Amortized cost and fair value of investments classified as available for sale | ' | ' |
Amortized Cost | 320 | 320 |
Unrealized Gains | 342 | 60 |
Unrealized Losses | 0 | 0 |
Fair Value | $662 | $380 |
Securities_Details_1
Securities (Details 1) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Amortized Cost | ' | ' |
Due in one year or less | $12,171 | ' |
Due after one but within five years | 35,071 | ' |
Due after five but within ten years | 83,992 | ' |
Due after ten years | 535,008 | ' |
Total of securities having specified maturity period | 666,242 | ' |
Mortgage-backed securities and equities | 208,712 | ' |
TOTAL | 874,954 | 668,615 |
Fair Value | ' | ' |
Due in one year or less | 12,263 | ' |
Due after one but within five years | 36,659 | ' |
Due after five but within ten years | 86,735 | ' |
Due after ten years | 521,606 | ' |
Total of securities having specified maturities period | 657,263 | ' |
Mortgage-backed securities and equities | 215,412 | ' |
Fair Value | $872,675 | $691,000 |
Securities_Details_2
Securities (Details 2) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Less Than 12 Months | ' | ' |
Fair Value | $436,754 | $67,063 |
Unrealized Losses | -15,840 | -352 |
More Than 12 Months | ' | ' |
Fair Value | 13,625 | 4,032 |
Unrealized Losses | -7,784 | -7,882 |
Total | ' | ' |
Fair Value | 450,379 | 71,095 |
Unrealized Losses | -23,624 | -8,234 |
Mortgage Backed Securities - Residential | ' | ' |
Less Than 12 Months | ' | ' |
Fair Value | 60,541 | 7,245 |
Unrealized Losses | -1,783 | -13 |
More Than 12 Months | ' | ' |
Fair Value | 0 | 0 |
Unrealized Losses | 0 | 0 |
Total | ' | ' |
Fair Value | 60,541 | 7,245 |
Unrealized Losses | -1,783 | -13 |
Mortgage Backed Securities - Commercial | ' | ' |
Less Than 12 Months | ' | ' |
Fair Value | 4,486 | 5,086 |
Unrealized Losses | -246 | -16 |
More Than 12 Months | ' | ' |
Fair Value | 0 | 0 |
Unrealized Losses | 0 | 0 |
Total | ' | ' |
Fair Value | 4,486 | 5,086 |
Unrealized Losses | -246 | -16 |
Collateralized Mortgage Obligations | ' | ' |
Less Than 12 Months | ' | ' |
Fair Value | 333,189 | 46,121 |
Unrealized Losses | -12,258 | -246 |
More Than 12 Months | ' | ' |
Fair Value | 8,791 | 0 |
Unrealized Losses | -526 | 0 |
Total | ' | ' |
Fair Value | 341,980 | 46,121 |
Unrealized Losses | -12,784 | -246 |
State and Municipal Obligations | ' | ' |
Less Than 12 Months | ' | ' |
Fair Value | 38,538 | 8,611 |
Unrealized Losses | -1,553 | -77 |
More Than 12 Months | ' | ' |
Fair Value | 991 | 0 |
Unrealized Losses | -94 | 0 |
Total | ' | ' |
Fair Value | 39,529 | 8,611 |
Unrealized Losses | -1,647 | -77 |
Collateralized Debt Obligations | ' | ' |
Less Than 12 Months | ' | ' |
Fair Value | 0 | 0 |
Unrealized Losses | 0 | 0 |
More Than 12 Months | ' | ' |
Fair Value | 3,843 | 4,032 |
Unrealized Losses | -7,164 | -7,882 |
Total | ' | ' |
Fair Value | 3,843 | 4,032 |
Unrealized Losses | ($7,164) | ($7,882) |
Securities_Details_3
Securities (Details 3) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Rollforward of the credit losses recognized in earnings | ' | ' | ' | ' |
Beginning balance | $14,983 | $14,983 | $14,983 | $15,180 |
Increases to the amount related to the credit loss for which other-than-temporary was previously recognized | 0 | 0 | 0 | 11 |
Reductions for increases in cash flows collected | -581 | 0 | -581 | 0 |
Amounts realized for securities sold during the period | 0 | 0 | 0 | -208 |
Ending balance | $14,402 | $14,983 | $14,402 | $14,983 |
Securities_Details_Textual
Securities (Details Textual) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Gain on sale of investments | $0 | $19,000 | ' | $7,000 | $683,000 | ' | ' | ' |
Loss on sale of investments | 0 | 2,000 | ' | 0 | 6,000 | ' | ' | ' |
Gross unrealized losses | 23,624,000 | ' | ' | 23,624,000 | ' | ' | 8,234,000 | ' |
Cumulative OTTI charges | 14,402,000 | 14,983,000 | 14,983,000 | 14,402,000 | 14,983,000 | 14,983,000 | 14,983,000 | 15,180,000 |
OTTI, portion in other comprehensive loss, net of tax, available-for-sale securities | ' | ' | ' | 2,100,000 | ' | ' | ' | ' |
Base discount rate, which is subject to an additional margin | ' | ' | ' | '3 month LIBOR | ' | ' | ' | ' |
Amortized Cost | 874,954,000 | ' | ' | 874,954,000 | ' | ' | 668,615,000 | ' |
Securities available-for-sale | 872,675,000 | ' | ' | 872,675,000 | ' | ' | 691,000,000 | ' |
Amounts related to the credit loss for which other-than-temporary impairment was previously recognized | ' | ' | 11,000 | ' | ' | ' | ' | ' |
Other-Than-Temporarily Impaired CDO | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Loss on sale of investments | ' | ' | 11,000 | ' | 11,000 | ' | ' | ' |
Number of positions in loss position greater than 12 months | 3 | ' | ' | 3 | ' | ' | ' | ' |
Contractual balance | 26,700,000 | ' | ' | 26,700,000 | ' | ' | ' | ' |
Reduced balance | 7,000,000 | ' | ' | 7,000,000 | ' | ' | ' | ' |
Interest payment received | 1,400,000 | ' | ' | 1,400,000 | ' | ' | ' | ' |
Cumulative OTTI charges | 14,900,000 | ' | ' | 14,900,000 | ' | ' | ' | ' |
Other comprehensive income net | 3,400,000 | ' | ' | 3,400,000 | ' | ' | ' | ' |
Amortized Cost | 606,000 | ' | ' | 606,000 | ' | ' | ' | ' |
Securities available-for-sale | 548,000 | ' | ' | 548,000 | ' | ' | ' | ' |
Collateralized Debt Obligations [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Payment received | 1,300,000 | ' | ' | ' | ' | ' | ' | ' |
CDO Payment receivable | $200,000 | ' | ' | $200,000 | ' | ' | ' | ' |
Minimum [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Basis point spread on variable rate | 1.60% | ' | ' | 1.60% | ' | ' | ' | ' |
Minimum [Member] | Other-Than-Temporarily Impaired CDO | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Severity of OTTI (as a percent) | 28.00% | ' | ' | 28.00% | ' | ' | ' | ' |
Minimum [Member] | Standard Poors [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Credit Quality Indicator Pricing | 4.4 | ' | ' | 4.4 | ' | ' | ' | ' |
Minimum [Member] | Moody Investor Service [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Credit Quality Indicator Pricing | 0.32 | ' | ' | 0.32 | ' | ' | ' | ' |
Maximum [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Basis point spread on variable rate | 1.80% | ' | ' | 1.80% | ' | ' | ' | ' |
Maximum [Member] | Other-Than-Temporarily Impaired CDO | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Severity of OTTI (as a percent) | 94.00% | ' | ' | 94.00% | ' | ' | ' | ' |
Maximum [Member] | Standard Poors [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Credit Quality Indicator Pricing | 90.3 | ' | ' | 90.3 | ' | ' | ' | ' |
Maximum [Member] | Moody Investor Service [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Credit Quality Indicator Pricing | 90.5 | ' | ' | 90.5 | ' | ' | ' | ' |
Fair_Value_Details
Fair Value (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair value measurement | ' | ' |
Securities available-for-sale | $872,675 | $691,000 |
U.S. Government agencies | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 1,631 | 1,886 |
Mortgage Backed Securities - Residential | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 210,227 | 244,676 |
Mortgage Backed Securities - Commercial | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 4,523 | 5,131 |
Collateralized Mortgage Obligations | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 456,112 | 233,320 |
State and Municipal Obligations | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 191,996 | 199,485 |
Collateralized Debt Obligations | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 7,524 | 6,122 |
Equity Securities | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 662 | 380 |
Level 1 | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 662 | 380 |
Level 1 | U.S. Government agencies | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 0 | 0 |
Level 1 | Mortgage Backed Securities - Residential | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 0 | 0 |
Level 1 | Mortgage Backed Securities - Commercial | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 0 | 0 |
Level 1 | Collateralized Mortgage Obligations | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 0 | 0 |
Level 1 | State and Municipal Obligations | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 0 | 0 |
Level 1 | Collateralized Debt Obligations | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 0 | 0 |
Level 1 | Equity Securities | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 662 | 380 |
Level 2 | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 859,965 | 674,587 |
Derivative Assets | 1,381 | 2,053 |
Derivative Liability | -1,381 | -2,053 |
Level 2 | U.S. Government agencies | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 1,631 | 1,886 |
Level 2 | Mortgage Backed Securities - Residential | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 210,227 | 244,676 |
Level 2 | Mortgage Backed Securities - Commercial | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 4,523 | 5,131 |
Level 2 | Collateralized Mortgage Obligations | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 456,112 | 233,320 |
Level 2 | State and Municipal Obligations | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 187,472 | 189,574 |
Level 2 | Collateralized Debt Obligations | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 0 | 0 |
Level 2 | Equity Securities | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 0 | 0 |
Level 3 | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 12,048 | 16,033 |
Level 3 | U.S. Government agencies | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 0 | 0 |
Level 3 | Mortgage Backed Securities - Residential | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 0 | 0 |
Level 3 | Mortgage Backed Securities - Commercial | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 0 | 0 |
Level 3 | Collateralized Mortgage Obligations | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 0 | 0 |
Level 3 | State and Municipal Obligations | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 4,524 | 9,911 |
Level 3 | Collateralized Debt Obligations | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | 7,524 | 6,122 |
Level 3 | Equity Securities | ' | ' |
Fair value measurement | ' | ' |
Securities available-for-sale | $0 | $0 |
Fair_Value_Details_1
Fair Value (Details 1) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 |
Reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs | ' | ' | ' |
Beginning balance | $14,679 | $16,033 | $16,007 |
Total realized/unrealized gains or losses - Included in earnings | 0 | 0 | -542 |
Total realized/unrealized gains or losses - Included in other comprehensive income | -305 | 2,499 | 1,556 |
Transfers | -1,187 | -1,187 | ' |
Purchases | ' | ' | 1,186 |
Settlements | -1,139 | -5,297 | -2,174 |
Ending balance | 12,048 | 12,048 | 16,033 |
Equities | ' | ' | ' |
Reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs | ' | ' | ' |
Beginning balance | ' | ' | 1,711 |
Total realized/unrealized gains or losses - Included in earnings | ' | ' | -446 |
Total realized/unrealized gains or losses - Included in other comprehensive income | ' | ' | 0 |
Purchases | ' | ' | 0 |
Settlements | ' | ' | -1,265 |
Ending balance | ' | ' | 0 |
State and Municipal Obligations | ' | ' | ' |
Reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs | ' | ' | ' |
Beginning balance | 6,502 | 9,911 | 9,525 |
Total realized/unrealized gains or losses - Included in earnings | 0 | 0 | 0 |
Total realized/unrealized gains or losses - Included in other comprehensive income | 0 | 0 | 0 |
Transfers | -1,187 | -1,187 | ' |
Purchases | ' | ' | 1,186 |
Settlements | -790 | -4,199 | -800 |
Ending balance | 4,525 | 4,525 | 9,911 |
Collateralized Debt Obligations | ' | ' | ' |
Reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs | ' | ' | ' |
Beginning balance | 8,177 | 6,122 | 4,771 |
Total realized/unrealized gains or losses - Included in earnings | 0 | ' | -96 |
Total realized/unrealized gains or losses - Included in other comprehensive income | -305 | 2,499 | 1,556 |
Transfers | 0 | 0 | ' |
Purchases | ' | ' | 0 |
Settlements | -349 | -1,098 | -109 |
Ending balance | $7,523 | $7,523 | $6,122 |
Fair_Value_Details_2
Fair Value (Details 2) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Minimum [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range of Inputs | 5.00% | ' |
Maximum [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range of Inputs | 20.00% | ' |
State and Municipal Obligations | Level 3 | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value | $4,525 | ' |
Valuation Technique(s) | 'Discounted cash flow | ' |
Unobservable Inputs | 'Discount rate Probability of default | ' |
State and Municipal Obligations | Minimum [Member] | Level 3 | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range of Inputs | 3.05% | ' |
State and Municipal Obligations | Maximum [Member] | Level 3 | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range of Inputs | 5.50% | ' |
Other Real Estate | Level 3 | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value | 9,249 | ' |
Valuation Technique(s) | 'Sales comparison/income approach | ' |
Unobservable Inputs | 'Discount rate for age of appraisal and market conditions | ' |
Other Real Estate | Minimum [Member] | Level 3 | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range of Inputs | 5.00% | ' |
Other Real Estate | Maximum [Member] | Level 3 | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range of Inputs | 20.00% | ' |
Impaired Loans | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value | 3,900 | ' |
Impaired Loans | Level 3 | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value | $17,324 | $26,000 |
Valuation Technique(s) | 'Sales comparison/income approach | ' |
Unobservable Inputs | 'Discount rate for age of appraisal and market conditions | ' |
Impaired Loans | Minimum [Member] | Level 3 | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range of Inputs | 0.00% | ' |
Impaired Loans | Maximum [Member] | Level 3 | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range of Inputs | 50.00% | ' |
Fair_Value_Details_3
Fair Value (Details 3) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Loans identified as impaired by class of loans | ' | ' |
Carrying Value | $22,934 | $33,557 |
Allowance for Loan Losses Allocated | 5,610 | 7,609 |
Fair value | 17,324 | 25,948 |
Commercial & Industrial | ' | ' |
Loans identified as impaired by class of loans | ' | ' |
Carrying Value | 10,792 | 17,098 |
Allowance for Loan Losses Allocated | 3,353 | 3,153 |
Fair value | 7,439 | 13,945 |
Farmland | ' | ' |
Loans identified as impaired by class of loans | ' | ' |
Carrying Value | 0 | 891 |
Allowance for Loan Losses Allocated | 0 | 191 |
Fair value | 0 | 700 |
Non Farm, Non Residential | ' | ' |
Loans identified as impaired by class of loans | ' | ' |
Carrying Value | 7,997 | 7,386 |
Allowance for Loan Losses Allocated | 1,361 | 293 |
Fair value | 6,636 | 7,093 |
Agriculture | ' | ' |
Loans identified as impaired by class of loans | ' | ' |
Carrying Value | 0 | 0 |
Allowance for Loan Losses Allocated | 0 | 0 |
Fair value | 0 | ' |
All Other Commercial | ' | ' |
Loans identified as impaired by class of loans | ' | ' |
Carrying Value | 4,107 | 1,209 |
Allowance for Loan Losses Allocated | 896 | 52 |
Fair value | 3,211 | 1,157 |
First Liens | ' | ' |
Loans identified as impaired by class of loans | ' | ' |
Carrying Value | 38 | 1,254 |
Allowance for Loan Losses Allocated | 0 | 126 |
Fair value | 38 | 1,128 |
Home Equity | ' | ' |
Loans identified as impaired by class of loans | ' | ' |
Carrying Value | 0 | 179 |
Allowance for Loan Losses Allocated | 0 | 0 |
Fair value | 0 | 179 |
Junior Liens | ' | ' |
Loans identified as impaired by class of loans | ' | ' |
Carrying Value | 0 | 0 |
Allowance for Loan Losses Allocated | 0 | 0 |
Fair value | 0 | 0 |
Multifamily | ' | ' |
Loans identified as impaired by class of loans | ' | ' |
Carrying Value | 0 | 5,540 |
Allowance for Loan Losses Allocated | 0 | 3,794 |
Fair value | 0 | 1,746 |
All Other Residential | ' | ' |
Loans identified as impaired by class of loans | ' | ' |
Carrying Value | 0 | 0 |
Allowance for Loan Losses Allocated | 0 | ' |
Fair value | 0 | 0 |
Motor Vehicle | ' | ' |
Loans identified as impaired by class of loans | ' | ' |
Carrying Value | 0 | 0 |
Allowance for Loan Losses Allocated | 0 | ' |
Fair value | 0 | 0 |
All Other Consumer | ' | ' |
Loans identified as impaired by class of loans | ' | ' |
Carrying Value | 0 | 0 |
Allowance for Loan Losses Allocated | 0 | ' |
Fair value | $0 | $0 |
Fair_Value_Details_4
Fair Value (Details 4) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||
Carrying amount and estimated fair value of financial instruments | ' | ' | ' | ' |
Securities available-for-sale | $872,675 | ' | $691,000 | ' |
Restricted stock | 21,050 | ' | 21,292 | ' |
FDIC Indemnification Asset | 1,171 | 1,515 | 2,632 | 2,384 |
Accrued interest receivable | 11,767 | ' | 12,024 | ' |
Deposits | -2,487,028 | ' | -2,276,134 | ' |
Level 1 | ' | ' | ' | ' |
Carrying amount and estimated fair value of financial instruments | ' | ' | ' | ' |
Cash and due from banks | 20,404 | ' | 21,333 | ' |
Federal funds sold | 0 | ' | 0 | ' |
Securities available-for-sale | 662 | ' | 380 | ' |
Restricted stock | 0 | ' | 0 | ' |
Loans, net | 0 | ' | 0 | ' |
FDIC Indemnification Asset | 0 | ' | 0 | ' |
Accrued interest receivable | 0 | ' | 0 | ' |
Deposits | 0 | ' | 0 | ' |
Short-term borrowings | 0 | ' | 0 | ' |
Federal Home Loan Bank advances | 0 | ' | 0 | ' |
Accrued interest payable | 0 | ' | 0 | ' |
Level 2 | ' | ' | ' | ' |
Carrying amount and estimated fair value of financial instruments | ' | ' | ' | ' |
Cash and due from banks | 60,495 | ' | 65,897 | ' |
Federal funds sold | 3,420 | ' | 20,800 | ' |
Securities available-for-sale | 859,965 | ' | 674,587 | ' |
Restricted stock | 0 | ' | 0 | ' |
Loans, net | ' | ' | 0 | ' |
FDIC Indemnification Asset | 1,171 | ' | 2,632 | ' |
Accrued interest receivable | 3,475 | ' | 2,980 | ' |
Deposits | -2,489,329 | ' | -2,280,910 | ' |
Short-term borrowings | -27,929 | ' | -40,551 | ' |
Federal Home Loan Bank advances | -60,721 | ' | -124,933 | ' |
Accrued interest payable | -770 | ' | -1,163 | ' |
Level 3 | ' | ' | ' | ' |
Carrying amount and estimated fair value of financial instruments | ' | ' | ' | ' |
Cash and due from banks | 0 | ' | 0 | ' |
Federal funds sold | 0 | ' | 0 | ' |
Securities available-for-sale | 12,048 | ' | 16,033 | ' |
Restricted stock | 0 | ' | 0 | ' |
Loans, net | 1,845,392 | ' | 1,916,256 | ' |
FDIC Indemnification Asset | 0 | ' | 0 | ' |
Accrued interest receivable | 8,292 | ' | 9,044 | ' |
Deposits | 0 | ' | 0 | ' |
Short-term borrowings | 0 | ' | 0 | ' |
Federal Home Loan Bank advances | 0 | ' | 0 | ' |
Accrued interest payable | 0 | ' | 0 | ' |
Carrying Value | ' | ' | ' | ' |
Carrying amount and estimated fair value of financial instruments | ' | ' | ' | ' |
Cash and due from banks | 80,899 | ' | 87,230 | ' |
Federal funds sold | 3,420 | ' | 20,800 | ' |
Securities available-for-sale | 872,675 | ' | 691,000 | ' |
Restricted stock | 21,050 | ' | 21,292 | ' |
Loans, net | 1,786,601 | ' | 1,829,978 | ' |
FDIC Indemnification Asset | 1,171 | ' | 2,632 | ' |
Accrued interest receivable | 11,767 | ' | 12,024 | ' |
Deposits | -2,487,028 | ' | -2,276,134 | ' |
Short-term borrowings | -27,929 | ' | -40,551 | ' |
Federal Home Loan Bank advances | -58,362 | ' | -119,705 | ' |
Accrued interest payable | -770 | ' | -1,163 | ' |
Fair Value | ' | ' | ' | ' |
Carrying amount and estimated fair value of financial instruments | ' | ' | ' | ' |
Cash and due from banks | 80,899 | ' | 87,230 | ' |
Federal funds sold | 3,420 | ' | 20,800 | ' |
Securities available-for-sale | 872,675 | ' | 691,000 | ' |
Restricted stock | 0 | ' | 0 | ' |
Loans, net | 1,845,392 | ' | 1,916,256 | ' |
FDIC Indemnification Asset | 1,171 | ' | 2,632 | ' |
Accrued interest receivable | 11,767 | ' | 12,024 | ' |
Deposits | -2,489,329 | ' | -2,280,910 | ' |
Short-term borrowings | -27,929 | ' | -40,551 | ' |
Federal Home Loan Bank advances | -60,721 | ' | -124,933 | ' |
Accrued interest payable | ($770) | ' | ($1,163) | ' |
Fair_Value_Details_Textual
Fair Value (Details Textual) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' |
Valuation allowance for impaired loans | $5,610,000 | $5,610,000 | $7,609,000 |
Provision for impaired loan losses | -200,000 | -2,200,000 | -4,200,000 |
Other real estate owned | 9,249,000 | 9,249,000 | 7,722,000 |
Collateral securing loan,net operating income | ' | 9.50% | ' |
Impaired Loans | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' |
Fair Value | 3,900,000 | 3,900,000 | ' |
Impaired Loans | Level 3 | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' |
Fair Value | 17,324,000 | 17,324,000 | 26,000,000 |
Valuation allowance for impaired loans | 5,600,000 | 5,600,000 | 7,600,000 |
Other Real Estate | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' |
Real estate, other deductions | ' | 1,300,000 | 234,000 |
Other Real Estate | Level 3 | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' |
Fair Value | 9,249,000 | 9,249,000 | ' |
Other real estate owned | $9,200,000 | $9,200,000 | $7,700,000 |
ShortTerm_Borrowings_Details
Short-Term Borrowings (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Short Term Borrowings Disclosure [Abstract] | ' | ' |
Federal Funds Purchased | $160 | $2,750 |
Repurchase Agreements | 27,769 | 37,801 |
Short-term borrowings | $27,929 | $40,551 |
Other_Borrowings_Details
Other Borrowings (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Other Borrowings Disclosure [Abstract] | ' | ' |
FHLB advances | $58,362 | $119,705 |
Other borrowings | $58,362 | $119,705 |
Components_of_Net_Periodic_Ben2
Components of Net Periodic Benefit Cost (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Pension Benefits [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service cost | $559 | $1,218 | $1,678 | $3,654 |
Interest cost | 846 | 917 | 2,537 | 2,750 |
Expected return on plan assets | -827 | -815 | -2,482 | -2,444 |
Amortization of transition obligation | 0 | 0 | 0 | 0 |
Net amortization of prior service cost | -4 | 41 | -12 | 124 |
Net amortization of net (gain) loss | 523 | 567 | 1,568 | 1,702 |
Net Periodic Benefit Cost | 1,097 | 1,928 | 3,289 | 5,786 |
Post-Retirement Health Benefits [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service cost | 17 | 15 | 51 | 82 |
Interest cost | 43 | 43 | 130 | 180 |
Expected return on plan assets | 0 | 0 | 0 | 0 |
Amortization of transition obligation | 15 | 15 | 44 | 45 |
Net amortization of prior service cost | 0 | 0 | 0 | 0 |
Net amortization of net (gain) loss | 0 | 0 | 0 | 0 |
Net Periodic Benefit Cost | $75 | $73 | $225 | $307 |
Components_of_Net_Periodic_Ben3
Components of Net Periodic Benefit Cost (Details Textual) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Dec. 31, 2012 | |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Defined Benefits Plan Estimated Future Employer Contributions In Next Fiscal Year | ' | $2,100,000 |
Expected contribution to ESOP | ' | 550,000 |
Defined Contribution Plan Employer Accrued Discretionary Contribution Amount | 1,100,000 | ' |
Pension Benefits [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Contributions made by employer | 1,500,000 | ' |
Post-Retirement Health Benefits [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Contributions made by employer | 156,000 | ' |
Expected contribution to ESOP | ' | $234,000 |
Acquisitions_and_FDIC_Indemnif2
Acquisitions and FDIC Indemnification Asset (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Business Acquisition [Line Items] | ' | ' |
Loans | $22,326 | $27,754 |
Foreclosed Assets | 253 | 720 |
Total Covered Assets | 22,579 | 28,474 |
ASC 310-30 Loans [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Loans | 2,969 | 4,279 |
Foreclosed Assets | 0 | 0 |
Total Covered Assets | 2,969 | 4,279 |
Non ASC 310-30 Loans [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Loans | 19,357 | 23,475 |
Foreclosed Assets | 0 | 0 |
Total Covered Assets | 19,357 | 23,475 |
Other Assets [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Loans | 0 | 0 |
Foreclosed Assets | 253 | 720 |
Total Covered Assets | $253 | $720 |
Acquisitions_and_FDIC_Indemnif3
Acquisitions and FDIC Indemnification Asset (Details 1) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 |
FDIC Indemnification Asset [Roll Forward] | ' | ' | ' |
Beginning balance | $1,515 | $2,632 | $2,384 |
Accretion | 0 | ' | 0 |
Net changes in losses and expenses | -201 | -1,180 | 2,422 |
Reimbursements from the FDIC | -143 | -281 | -2,174 |
TOTAL | $1,171 | $1,171 | $2,632 |
Acquisitions_and_FDIC_Indemnif4
Acquisitions and FDIC Indemnification Asset (Details Textual) (USD $) | 0 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | ||||||||
Jul. 02, 2009 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Jun. 30, 2013 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2009 | Jul. 02, 2009 | Jul. 02, 2009 | Sep. 30, 2013 | Sep. 30, 2013 | Aug. 16, 2013 | |
Commercial And Single Family Residential Mortgage Loans [Member] | Commercial And Single Family Residential Mortgage Loans [Member] | First National Bank Of Danville [Member] | First National Bank Of Danville [Member] | First National Bank Of Danville [Member] | First National Bank Of Danville [Member] | After Acquisition [Member] | After Acquisition [Member] | Bank Of Amercia [Member] | |||||||
Minimum [Member] | Maximum [Member] | ASC 310-30 Loans [Member] | Commercial And Single Family Residential Mortgage Loans [Member] | Commercial And Single Family Residential Mortgage Loans [Member] | |||||||||||
Minimum [Member] | Maximum [Member] | ||||||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Assets acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $151,800,000 | ' | ' | ' | ' |
Loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 77,500,000 | ' | ' | ' | 1,900,000 |
Investment securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24,200,000 | ' | ' | ' | ' |
Cash and cash equivalents | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31,000,000 | ' | ' | ' | 177,700,000 |
Liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 146,300,000 | ' | ' | ' | ' |
Deposits | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 145,700,000 | ' | ' | ' | 189,300,000 |
Customer related core deposit intangible asset | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,600,000 | ' | ' | ' | 2,200,000 |
Cash received (disbursed) from purchase of business unit | 14,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain on acquisition | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,100,000 | ' | ' | ' | ' | ' |
Losses on assets, threshold under loss-sharing agreement | ' | ' | ' | ' | ' | ' | ' | ' | ' | 29,000,000 | ' | ' | ' | ' | ' |
Percentage of losses to be reimbursed by the FDIC, on losses up to the threshold amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | 80.00% | ' | ' | ' | ' | ' |
Percentage of losses to be reimbursed by the FDIC, on losses exceeding the threshold amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | 95.00% | ' | ' | ' | ' | ' |
Loss Sharing Provisions Period | ' | ' | ' | ' | ' | ' | '5 years | '10 years | ' | ' | ' | ' | '8 years | '10 years | ' |
Reimbursements from the FDIC | ' | 143,000 | 281,000 | 2,174,000 | ' | ' | ' | ' | 18,300,000 | ' | ' | ' | ' | ' | ' |
Outstanding balance for reimbursement of losses | ' | 1,171,000 | 1,171,000 | 2,632,000 | 1,515,000 | 2,384,000 | ' | ' | 1,200,000 | ' | ' | ' | ' | ' | ' |
Net changes in losses and expenses added | ' | ' | ' | ' | ' | ' | ' | ' | 493,000 | ' | ' | ' | ' | ' | ' |
Percentage of loans, acquired and subject to the loss-sharing agreement with the FDIC, which were included in the estimate of future potential losses | ' | ' | ' | ' | ' | ' | ' | ' | 80.00% | ' | ' | ' | ' | ' | ' |
Contractually required payments receivable | 58,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31,600,000 | ' | ' | ' |
Allowance for credit losses | ' | 623,000 | 623,000 | ' | ' | ' | ' | ' | ' | ' | ' | 18,400,000 | ' | ' | ' |
Estimated fair value of the loans | 60,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16,700,000 | ' | ' | ' |
Fixed Assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,900,000 |
Other liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 300,000 |
Goodwill | ' | 39,489,000 | 39,489,000 | 37,612,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,900,000 |
Goodwill expected tax deductible amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,600,000 |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Net Current period other comprehensive other income, Retirement plans | $340 | $387 | $892 | $1,159 |
TOTAL Balance | -19,146 | -9,338 | -7,472 | -10,494 |
Change in Other comprehensive income before reclassification | -2,322 | 1,884 | -14,544 | 2,657 |
Amounts reclassified from accumulated other comprehensive income | 340 | 377 | 888 | 760 |
Net Current period other comprehensive other income | -1,982 | 2,261 | -13,656 | 3,417 |
TOTAL Balance | -21,128 | -7,077 | -21,128 | -7,077 |
Retirement plans [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Beginning balance,Retirement plans | -20,351 | -22,462 | -20,903 | -23,234 |
Change in Other comprehensive income before reclassification, Retirement plans | 0 | 0 | 0 | 0 |
Amounts reclassified from accumulated other comprehensive income, Retirement plans | 340 | 387 | 892 | 1,159 |
Net Current period other comprehensive other income, Retirement plans | 340 | 387 | 892 | 1,159 |
Ending balance, Retirement plans | -20,011 | -22,075 | -20,011 | -22,075 |
Unrealized gains and Losses on available-for-sale Securities [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Beginning balance, Unrealized gains and Losses on available-for-sale Securities | 1,205 | 13,124 | 13,431 | 12,740 |
Change in Other comprehensive income before reclassification, Unrealized gains and Losses on available-for-sale Securities | -2,322 | 1,884 | -14,544 | 2,657 |
Amount reclassified from accumalted other comperhensive income, unrealized gain and losses and available for sale securities | 0 | -10 | -4 | -399 |
Net Current period other comprehensive other income, Unrealized gains and Losses on available-for-sale Securities | -2,322 | 1,874 | -14,548 | 2,258 |
Ending balance, Unrealized gains and Losses on available-for-sale Securities | ($1,117) | $14,998 | ($1,117) | $14,998 |
Accumulated_Other_Comprehensiv3
Accumulated Other Comprehensive Income (Details 1) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
TOTAL Balance | ($19,146) | ($9,338) | ($7,472) | ($10,494) |
Current Period Change | -1,982 | 2,261 | -13,656 | 3,417 |
TOTAL Balance | -21,128 | -7,077 | -21,128 | -7,077 |
Unrealized gains losses on securities available-for-sale without other than temporary impairment [Member] | ' | ' | ' | ' |
TOTAL Balance | 3,023 | 18,514 | 17,044 | 18,136 |
Current Period Change | -2,250 | 1,290 | -16,271 | 1,668 |
TOTAL Balance | 773 | 19,804 | 773 | 19,804 |
Unrealized gains losses on securities available-for-sale with other than temporary impairment [Member] | ' | ' | ' | ' |
TOTAL Balance | -1,818 | -5,390 | -3,613 | -5,396 |
Current Period Change | -72 | 584 | 1,723 | 590 |
TOTAL Balance | -1,890 | -4,806 | -1,890 | -4,806 |
Total unrealized loss on securities available-for-sale [Member] | ' | ' | ' | ' |
TOTAL Balance | 1,205 | 13,124 | 13,431 | 12,740 |
Current Period Change | -2,322 | 1,874 | -14,548 | 2,258 |
TOTAL Balance | -1,117 | 14,998 | -1,117 | 14,998 |
Unrealized loss on retirement plans [Member] | ' | ' | ' | ' |
TOTAL Balance | -20,351 | -22,462 | -20,903 | -23,234 |
Current Period Change | 340 | 387 | 892 | 1,159 |
TOTAL Balance | ($20,011) | ($22,075) | ($20,011) | ($22,075) |
Accumulated_Other_Comprehensiv4
Accumulated Other Comprehensive Income (Details 2) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' | ||||
Income tax expense | ($1,468) | $1,249 | ($10,112) | $1,505 | ||||
Unrealized gain (loss) on securities, net of tax | -2,322 | 1,874 | -14,548 | 2,258 | ||||
Change in funded status of post retirement benefits | 566 | 645 | 1,486 | 1,932 | ||||
Income tax expense | -226 | -258 | -594 | -773 | ||||
Net of tax | 340 | 377 | 888 | 760 | ||||
Amount Reclassified From Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' | ||||
Net securities gains (losses) | 0 | 17 | 7 | 666 | ||||
Income tax expense | 0 | -7 | -3 | -267 | ||||
Unrealized gain (loss) on securities, net of tax | 0 | 10 | 4 | 399 | ||||
Change in funded status of post retirement benefits | -566 | [1] | -645 | [1] | -1,486 | [1] | -1,932 | [1] |
Income tax expense | 226 | 258 | 594 | 773 | ||||
Net of tax | -340 | -387 | -892 | -1,159 | ||||
Net of tax | ($340) | ($377) | ($888) | ($760) | ||||
[1] | Included in the computation of net periodic benefit cost. (see Footnote 7 for additional details). |