Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2014 | Oct. 31, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-14 | ' |
Entity Registrant Name | 'ACNB CORP | ' |
Entity Central Index Key | '0000715579 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 6,011,329 |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Consolidated_Statements_of_Con
Consolidated Statements of Condition (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
ASSETS | ' | ' | ' |
Cash and due from banks | $14,338 | $13,963 | $16,371 |
Interest bearing deposits with banks | 9,670 | 4,153 | 2,856 |
Total Cash and Cash Equivalents | 24,008 | 18,116 | 19,227 |
Securities available for sale | 122,064 | 129,983 | 135,163 |
Securities held to maturity, fair value $74,338; $94,667; $92,082 | 75,407 | 94,373 | 96,255 |
Loans held for sale | 1,482 | 496 | 603 |
Loans, net of allowance for loan losses $15,421; $16,797; $16,091 | 750,920 | 712,557 | 701,251 |
Premises and equipment | 16,871 | 15,991 | 15,545 |
Restricted investment in bank stocks | 5,239 | 6,861 | 4,189 |
Investment in bank-owned life insurance | 37,667 | 32,237 | 32,003 |
Investments in low-income housing partnerships | 3,974 | 4,687 | 5,233 |
Goodwill | 6,308 | 6,308 | 6,308 |
Intangible assets | 1,359 | 1,845 | 1,928 |
Foreclosed assets held for resale | 1,688 | 1,762 | 1,608 |
Other assets | 20,544 | 20,831 | 15,217 |
Total Assets | 1,067,531 | 1,046,047 | 1,034,530 |
LIABILITIES | ' | ' | ' |
Deposits: Non-interest bearing | 142,696 | 128,011 | 130,110 |
Deposits: Interest bearing | 681,316 | 672,632 | 689,121 |
Total Deposits | 824,012 | 800,643 | 819,231 |
Short-term borrowings | 53,824 | 49,052 | 57,418 |
Long-term borrowings | 69,505 | 82,703 | 47,767 |
Other liabilities | 8,482 | 6,847 | 7,094 |
Total Liabilities | 955,823 | 939,245 | 931,510 |
STOCKHOLDERS’ EQUITY | ' | ' | ' |
Preferred Stock, $2.50 par value; 20,000,000 shares authorized; no shares outstanding | 0 | 0 | 0 |
Common stock, $2.50 par value; 20,000,000 shares authorized; 6,073,929, 6,049,261 and 6,053,911 shares issued; 6,011,329, 5,986,661 and 5,991,311 shares outstanding | 15,185 | 15,135 | 15,123 |
Treasury stock, at cost (62,600 shares) | -728 | -728 | -728 |
Additional paid-in capital | 9,959 | 9,628 | 9,557 |
Retained earnings | 87,069 | 82,661 | 81,532 |
Accumulated other comprehensive income (loss) | 223 | 106 | -2,464 |
Total Stockholders’ Equity | 111,708 | 106,802 | 103,020 |
Total Liabilities and Stockholders’ Equity | $1,067,531 | $1,046,047 | $1,034,530 |
Consolidated_Statements_of_Con1
Consolidated Statements of Condition (Parenthetical) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, except Share data, unless otherwise specified | |||
Statement of Financial Position [Abstract] | ' | ' | ' |
Securities held to maturity, fair value | $74,338 | $92,082 | $94,667 |
Allowance for loan losses | $15,421 | $16,091 | $16,797 |
Preferred Stock, Par value | $2.50 | $2.50 | $2.50 |
Preferred Stock, Shares authorized | 20,000,000 | 20,000,000 | 20,000,000 |
Preferred Stock, Shares outstanding | 0 | 0 | 0 |
Common Stock, Par value | $2.50 | $2.50 | $2.50 |
Common Stock, Shares authorized | 20,000,000 | 20,000,000 | 20,000,000 |
Common Stock, Shares issued | 6,073,929 | 6,053,911 | 6,049,261 |
Common Stock, Shares outstanding | 6,011,329 | 5,991,311 | 5,986,661 |
Treasury Stock, Shares | 62,600 | 62,600 | 62,600 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
INTEREST INCOME | ' | ' | ' | ' |
Loans, including fees | $8,199 | $7,840 | $24,222 | $24,074 |
Securities: | ' | ' | ' | ' |
Taxable | 843 | 1,078 | 2,805 | 3,166 |
Tax-exempt | 260 | 280 | 800 | 922 |
Dividends | 55 | 6 | 144 | 16 |
Other | 19 | 16 | 49 | 64 |
Total Interest Income | 9,376 | 9,220 | 28,020 | 28,242 |
INTEREST EXPENSE | ' | ' | ' | ' |
Deposits | 460 | 500 | 1,326 | 1,721 |
Short-term borrowings | 12 | 17 | 46 | 44 |
Long-term borrowings | 439 | 419 | 1,346 | 1,321 |
Total Interest Expense | 911 | 936 | 2,718 | 3,086 |
Net Interest Income | 8,465 | 8,284 | 25,302 | 25,156 |
PROVISION FOR LOAN LOSSES | 0 | 150 | 150 | 1,300 |
Net Interest Income after Provision for Loan Losses | 8,465 | 8,134 | 25,152 | 23,856 |
OTHER INCOME | ' | ' | ' | ' |
Service charges on deposit accounts | 550 | 596 | 1,548 | 1,682 |
Income from fiduciary activities | 337 | 333 | 1,074 | 976 |
Earnings on investment in bank-owned life insurance | 281 | 246 | 825 | 741 |
Gain (Loss) on Sale of Securities, Net | 2 | 0 | 54 | 0 |
Service charges on ATM and debit card transactions | 391 | 376 | 1,150 | 1,051 |
Commissions from insurance sales | 1,124 | 1,079 | 3,721 | 3,609 |
Other | 245 | 217 | 552 | 873 |
Total Other Income | 2,930 | 2,847 | 8,924 | 8,932 |
OTHER EXPENSES | ' | ' | ' | ' |
Salaries and employee benefits | 4,776 | 4,546 | 14,485 | 14,158 |
Net occupancy | 470 | 463 | 1,544 | 1,471 |
Equipment | 731 | 727 | 2,051 | 2,177 |
Other tax | 184 | 199 | 555 | 669 |
Professional services | 158 | 232 | 732 | 667 |
Supplies and postage | 156 | 127 | 429 | 443 |
Marketing and corporate relations | 150 | 81 | 451 | 293 |
FDIC and regulatory | 183 | 191 | 582 | 592 |
Intangible assets amortization | 162 | 160 | 487 | 481 |
Foreclosed real estate expenses | 135 | 503 | 252 | 410 |
Other operating | 874 | 817 | 2,313 | 2,458 |
Total Other Expenses | 7,979 | 8,046 | 23,881 | 23,819 |
Income before Income Taxes | 3,416 | 2,935 | 10,195 | 8,969 |
PROVISION FOR INCOME TAXES | 792 | 627 | 2,368 | 1,921 |
Net Income | $2,624 | $2,308 | $7,827 | $7,048 |
PER SHARE DATA | ' | ' | ' | ' |
Basic earnings (in dollars per share) | $0.44 | $0.39 | $1.30 | $1.18 |
Cash dividends declared (in dollars per share) | $0.19 | $0.19 | $0.57 | $0.57 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | ||||
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' | ||||
NET INCOME | $2,624 | $2,308 | $7,827 | $7,048 | ||||
OTHER COMPREHENSIVE (LOSS) INCOME | ' | ' | ' | ' | ||||
SECURITIES: Unrealized (losses) gains arising during the period, net of income taxes of $(181), $(82), $62 and $(1,336), respectively | -352 | -159 | 122 | -2,595 | ||||
SECURITIES: Reclassification adjustment for net gains included in net income, net of income taxes of $(1), $0, $(18) and $0, respectively | -1 | [1],[2] | 0 | [1],[2] | -36 | [1],[2] | 0 | [1],[2] |
PENSION: Amortization of pension net loss, transition liability, and prior service cost, net of income taxes of $5, $58, $15 and $176, respectively | 10 | [1],[3] | 115 | [1],[3] | 31 | [1],[3] | 343 | [1],[3] |
TOTAL OTHER COMPREHENSIVE (LOSS) INCOME | -343 | -44 | 117 | -2,252 | ||||
TOTAL COMPREHENSIVE INCOME | $2,281 | $2,264 | $7,944 | $4,796 | ||||
[1] | Income tax amounts are included in the provision for income taxes on the Consolidated Statements of Income. | |||||||
[2] | Gross amounts are included in net gains on sales or calls of securities on the Consolidated Statement of Income in total other income. | |||||||
[3] | Gross amounts are included in the computation of net periodic benefit cost and are included in salaries and employee benefits on the Consolidated Statements of Income in total other expenses. |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
SECURITIES: Unrealized (losses) gains arising during the period, income taxes | ($181) | ($82) | $62 | ($1,336) |
SECURITIES: Reclassification adjustment for net gains included in net income, income taxes | -1 | 0 | -18 | 0 |
PENSION: Amortization of pension net loss, transition liability, and prior service cost, tax | $5 | $58 | $15 | $176 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Stockholders' Equity (USD $) | Total | Common Stock [Member] | Treasury Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
In Thousands, unless otherwise specified | ||||||
Beginning Balance at Dec. 31, 2012 | $101,264 | $15,070 | ($728) | $9,246 | $77,888 | ($212) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income | 7,048 | ' | ' | ' | 7,048 | ' |
Other comprehensive income (loss), net of taxes | -2,252 | ' | ' | ' | ' | -2,252 |
Common stock shares issued | 364 | 53 | ' | 311 | ' | ' |
Cash dividends declared | -3,404 | ' | ' | ' | -3,404 | ' |
Ending Balance at Sep. 30, 2013 | 103,020 | 15,123 | -728 | 9,557 | 81,532 | -2,464 |
Beginning Balance at Dec. 31, 2013 | 106,802 | 15,135 | -728 | 9,628 | 82,661 | 106 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net income | 7,827 | ' | ' | ' | 7,827 | ' |
Other comprehensive income (loss), net of taxes | 117 | ' | ' | ' | ' | 117 |
Common stock shares issued | 381 | 50 | ' | 331 | ' | ' |
Cash dividends declared | -3,419 | ' | ' | ' | -3,419 | ' |
Ending Balance at Sep. 30, 2014 | $111,708 | $15,185 | ($728) | $9,959 | $87,069 | $223 |
Consolidated_Statements_of_Cha1
Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Statement of Stockholders' Equity [Abstract] | ' | ' |
Common stock shares issued (in shares) | 20,018 | 21,293 |
Consolidated_Statement_of_Cash
Consolidated Statement of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' |
Net income | $7,827 | $7,048 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Gain on sales of loans originated for sale | -138 | -417 |
(Gain) loss on sales of foreclosed assets held for resale, including writedowns | -42 | 173 |
Earnings on investment in bank-owned life insurance | -825 | -741 |
Gain on sales or calls of securities | -54 | 0 |
Depreciation and amortization | 1,530 | 1,500 |
Provision for loan losses | 150 | 1,300 |
Net amortization of investment securities premiums | 625 | 739 |
Decrease in accrued interest receivable | 139 | 226 |
Decrease in accrued interest payable | -301 | -419 |
Mortgage loans originated for sale | -10,192 | -18,882 |
Proceeds from sales of loans originated for sale | 9,344 | 25,383 |
Decrease in other assets | 581 | 861 |
Increase in other liabilities | 1,984 | 734 |
Net Cash Provided by Operating Activities | 10,628 | 17,505 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' |
Proceeds from maturities of investment securities held to maturity | 18,600 | 7,223 |
Proceeds from maturities of investment securities available for sale | 13,747 | 33,202 |
Proceeds from Sale of Available-for-sale Securities | 1,862 | 0 |
Purchase of investment securities held to maturity | 0 | -53,689 |
Purchase of investment securities available for sale | -7,765 | -6,875 |
Net increase in loans | -39,363 | -11,741 |
Redemption of restricted investment in bank stocks | 1,622 | 1,129 |
Investment in low-income housing partnerships | 0 | -249 |
Purchase of bank-owned life insurance | -4,605 | -140 |
Capital expenditures | -1,924 | -1,433 |
Proceeds from Sale of Low-income Housing Partnerships | 219 | 0 |
Proceeds from sale of foreclosed real estate | 966 | 2,967 |
Net Cash Used in Investing Activities | -16,641 | -29,606 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' |
Net increase in demand deposits | 14,685 | 10,813 |
Net increase (decrease) in time certificates of deposits and interest bearing deposits | 8,684 | -25,758 |
Net increase in short-term borrowings | 4,772 | 10,115 |
Dividends paid | -3,419 | -3,404 |
Common stock issued | 381 | 364 |
Proceeds from long-term borrowings | 10,000 | 2,000 |
Repayments on long-term borrowings | -23,198 | -14,187 |
Net Cash Provided by (Used in) Financing Activities | 11,905 | -20,057 |
Net Increase (Decrease) in Cash and Cash Equivalents | 5,892 | -32,158 |
CASH AND CASH EQUIVALENTS — BEGINNING | 18,116 | 51,385 |
CASH AND CASH EQUIVALENTS — ENDING | 24,008 | 19,227 |
Interest paid | 3,019 | 3,505 |
Income taxes paid | 1,600 | 2,225 |
Loans transferred to foreclosed assets held for resale | $850 | $501 |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Basis of Presentation | ' |
Basis of Presentation | |
ACNB Corporation (the Corporation or ACNB), headquartered in Gettysburg, Pennsylvania, provides banking, insurance, and financial services to businesses and consumers through its wholly-owned subsidiaries, ACNB Bank (Bank) and Russell Insurance Group, Inc. (RIG). The Bank engages in full-service commercial and consumer banking and trust services through its twenty retail banking office locations in Adams, Cumberland, Franklin and York Counties, Pennsylvania. There is also a loan production office situated in York County, Pennsylvania. | |
RIG is a full-service insurance agency based in Westminster, Maryland. The agency offers a broad range of property and casualty, life, and health insurance to both commercial and individual clients. In 2008, as part of an agency acquisition, a second location of RIG was established in Germantown, Maryland. | |
The Corporation’s primary source of revenue is interest income on loans and investment securities and fee income on its products and services. Expenses consist of interest expense on deposits and borrowed funds, provisions for loan losses, and other operating expenses. | |
The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments necessary to present fairly ACNB Corporation’s financial position and the results of operations, comprehensive income, changes in stockholders’ equity, and cash flows. All such adjustments are of a normal recurring nature. | |
The accounting policies followed by the Corporation are set forth in Note A to the Corporation’s consolidated financial statements in the 2013 ACNB Corporation Annual Report on Form 10-K, filed with the SEC on March 7, 2014. It is suggested that the consolidated financial statements contained herein be read in conjunction with the consolidated financial statements and notes included in the Corporation’s Annual Report on Form 10-K. The results of operations for the three and nine month periods ended September 30, 2014, are not necessarily indicative of the results to be expected for the full year. | |
The Corporation has evaluated events and transactions occurring subsequent to the statement of condition date of September 30, 2014, for items that should potentially be recognized or disclosed in the consolidated financial statements. The evaluation was conducted through the date these consolidated financial statements were issued. |
Earnings_Per_Share
Earnings Per Share | 9 Months Ended |
Sep. 30, 2014 | |
Earnings Per Share [Abstract] | ' |
Earnings Per Share | ' |
Earnings Per Share | |
The Corporation has a simple capital structure. Basic earnings per share of common stock is computed based on 5,998,925 and 5,973,418 weighted average shares of common stock outstanding for the nine months ended September 30, 2014 and 2013, respectively, and 6,006,321 and 5,981,936 for the three months ended September 30, 2014 and 2013, respectively. The Corporation does not have dilutive securities outstanding. |
Retirement_Benefits
Retirement Benefits | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Postemployment Benefits [Abstract] | ' | ||||||||||||||||
Retirement Benefits | ' | ||||||||||||||||
Retirement Benefits | |||||||||||||||||
The components of net periodic benefit (income) cost related to the non-contributory, defined benefit pension plan for the three and nine month periods ended September 30 were as follows: | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
In thousands | 2014 | 2013 | 2014 | 2013 | |||||||||||||
Service cost | $ | 172 | $ | 194 | $ | 516 | $ | 582 | |||||||||
Interest cost | 259 | 223 | 777 | 669 | |||||||||||||
Expected return on plan assets | (578 | ) | (489 | ) | (1,734 | ) | (1,467 | ) | |||||||||
Amortization of net loss | 5 | 163 | 16 | 489 | |||||||||||||
Amortization of prior service cost | 10 | 10 | 30 | 30 | |||||||||||||
Net Periodic Benefit (Income) Cost | $ | (132 | ) | $ | 101 | $ | (395 | ) | $ | 303 | |||||||
The Corporation previously disclosed in its consolidated financial statements for the year ended December 31, 2013, that it had not yet determined the amount the Bank planned on contributing to the defined benefit plan in 2014. As of September 30, 2014, this contribution amount had still not been determined. Effective April 1, 2012, no inactive or former participant in the plan is eligible to again participate in the plan, and no employee hired after March 31, 2012, is eligible to participate in the plan. As of the last annual census, ACNB Bank had a combined 368 active, vested, terminated and retired persons in the plan. |
Guarantees
Guarantees | 9 Months Ended |
Sep. 30, 2014 | |
Guarantees [Abstract] | ' |
Guarantees | ' |
Guarantees | |
The Corporation does not issue any guarantees that would require liability recognition or disclosure, other than its standby letters of credit. Standby letters of credit are written conditional commitments issued by the Corporation to guarantee the performance of a customer to a third party. Generally, all letters of credit, when issued, have expiration dates within one year. The credit risk involved in issuing letters of credit is essentially the same as those that are involved in extending loan facilities to customers. The Corporation generally holds collateral and/or personal guarantees supporting these commitments. The Corporation had $5,742,000 in standby letters of credit as of September 30, 2014. Management believes that the proceeds obtained through a liquidation of collateral and the enforcement of guarantees would be sufficient to cover the potential amount of future payments required under the corresponding guarantees. The current amount of the liability, as of September 30, 2014, for guarantees under standby letters of credit issued is not material. |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income (Loss) | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||
Accumulated Other Comprehensive Income (Loss) | ' | ||||||||||||
Accumulated Other Comprehensive Income (Loss) | |||||||||||||
The components of accumulated other comprehensive income (loss), net of taxes, are as follows: | |||||||||||||
In thousands | Unrealized | Pension | Accumulated Other | ||||||||||
Gains on | Liability | Comprehensive | |||||||||||
Securities | Income (Loss) | ||||||||||||
BALANCE — SEPTEMBER 30, 2014 | $ | 2,658 | $ | (2,435 | ) | $ | 223 | ||||||
BALANCE — DECEMBER 31, 2013 | $ | 2,572 | $ | (2,466 | ) | $ | 106 | ||||||
BALANCE — SEPTEMBER 30, 2013 | $ | 3,019 | $ | (5,483 | ) | $ | (2,464 | ) | |||||
Segment_Reporting
Segment Reporting | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||
Segment Reporting | ' | ||||||||||||
Segment Reporting | |||||||||||||
The Corporation has two reporting segments, the Bank and RIG. RIG is managed separately from the banking segment, which includes the Bank and related financial services that the Corporation offers through its banking subsidiary. RIG offers a broad range of property and casualty, life, and health insurance to both commercial and individual clients. | |||||||||||||
Segment information for the nine month periods ended September 30, 2014 and 2013, is as follows: | |||||||||||||
In thousands | Banking | Insurance | Total | ||||||||||
2014 | |||||||||||||
Net interest income and other income from external customers | $ | 30,370 | $ | 3,856 | $ | 34,226 | |||||||
Income before income taxes | 9,566 | 629 | 10,195 | ||||||||||
Total assets | 1,058,774 | 8,757 | 1,067,531 | ||||||||||
Capital expenditures | 1,924 | — | 1,924 | ||||||||||
2013 | |||||||||||||
Net interest income and other income from external customers | $ | 30,786 | $ | 3,302 | $ | 34,088 | |||||||
Income before income taxes | 8,470 | 499 | 8,969 | ||||||||||
Total assets | 1,024,946 | 9,584 | 1,034,530 | ||||||||||
Capital expenditures | 1,426 | 7 | 1,433 | ||||||||||
Segment information for the three month periods ended September 30, 2014 and 2013, is as follows: | |||||||||||||
In thousands | Banking | Insurance | Total | ||||||||||
2014 | |||||||||||||
Net interest income and other income from external customers | $ | 10,141 | $ | 1,254 | $ | 11,395 | |||||||
Income before income taxes | 3,269 | 147 | 3,416 | ||||||||||
Total assets | 1,058,774 | 8,757 | 1,067,531 | ||||||||||
Capital expenditures | 918 | — | 918 | ||||||||||
2013 | |||||||||||||
Net interest income and other income from external customers | $ | 10,343 | $ | 788 | $ | 11,131 | |||||||
Income before income taxes | 2,813 | 122 | 2,935 | ||||||||||
Total assets | 1,024,946 | 9,584 | 1,034,530 | ||||||||||
Capital expenditures | 734 | — | 734 | ||||||||||
Intangible assets, representing customer lists, are amortized over 10 years on a straight line basis. Goodwill is not amortized, but rather is analyzed annually for impairment. If certain events occur which might indicate goodwill has been impaired, the goodwill is tested for impairment when such events occur. Amortization of goodwill and the intangible assets is deductible for tax purposes. |
Securities
Securities | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Securities | ' | ||||||||||||||||||||||||
Securities | |||||||||||||||||||||||||
Debt securities that management has the positive intent and ability to hold to maturity are classified as “held to maturity” and recorded at amortized cost. Securities not classified as held to maturity or trading, including equity securities with readily determinable fair values, are classified as “available for sale” and recorded at fair value, with unrealized gains and losses excluded from earnings and reported, net of tax, in other comprehensive income (loss). | |||||||||||||||||||||||||
Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Declines in the fair value of held to maturity and available for sale securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses. In estimating other-than-temporary impairment losses on debt securities, management considers (1) whether management intends to sell the security, or (2) if it is more likely than not that management will be required to sell the security before recovery, or (3) if management does not expect to recover the entire amortized cost basis. In assessing potential other-than-temporary impairment for equity securities, consideration is given to management’s intention and ability to hold the securities until recovery of unrealized losses. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. | |||||||||||||||||||||||||
Amortized cost and fair value of securities at September 30, 2014, and December 31, 2013, were as follows: | |||||||||||||||||||||||||
In thousands | Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
SECURITIES AVAILABLE FOR SALE | |||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||
U.S. Government and agencies | $ | 19,007 | $ | 399 | $ | — | $ | 19,406 | |||||||||||||||||
Mortgage-backed securities, residential | 49,762 | 2,137 | 16 | 51,883 | |||||||||||||||||||||
State and municipal | 37,599 | 1,300 | 17 | 38,882 | |||||||||||||||||||||
Corporate bonds | 10,002 | 132 | — | 10,134 | |||||||||||||||||||||
CRA mutual fund | 1,044 | 5 | — | 1,049 | |||||||||||||||||||||
Stock in other banks | 627 | 83 | — | 710 | |||||||||||||||||||||
$ | 118,041 | $ | 4,056 | $ | 33 | $ | 122,064 | ||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
U.S. Government and agencies | $ | 21,094 | $ | 557 | $ | — | $ | 21,651 | |||||||||||||||||
Mortgage-backed securities, residential | 51,541 | 2,322 | 123 | 53,740 | |||||||||||||||||||||
State and municipal | 40,780 | 1,117 | 375 | 41,522 | |||||||||||||||||||||
Corporate bonds | 11,004 | 192 | 31 | 11,165 | |||||||||||||||||||||
CRA mutual fund | 1,044 | — | 11 | 1,033 | |||||||||||||||||||||
Stock in other banks | 627 | 245 | — | 872 | |||||||||||||||||||||
$ | 126,090 | $ | 4,433 | $ | 540 | $ | 129,983 | ||||||||||||||||||
SECURITIES HELD TO MATURITY | |||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||
U.S. Government and agencies | $ | 24,502 | $ | — | $ | 460 | $ | 24,042 | |||||||||||||||||
Mortgage-backed securities, residential | 50,905 | 100 | 709 | 50,296 | |||||||||||||||||||||
$ | 75,407 | $ | 100 | $ | 1,169 | $ | 74,338 | ||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
U.S. Government and agencies | $ | 37,528 | $ | 142 | $ | 923 | $ | 36,747 | |||||||||||||||||
Mortgage-backed securities, residential | 56,845 | 40 | 1,550 | 55,335 | |||||||||||||||||||||
$ | 94,373 | $ | 182 | $ | 2,473 | $ | 92,082 | ||||||||||||||||||
The following table shows the Corporation’s investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at September 30, 2014, and December 31, 2013: | |||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
In thousands | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
SECURITIES AVAILABLE FOR SALE | |||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||
Mortgage-backed securities, residential | $ | 3,790 | $ | 11 | $ | 792 | $ | 5 | $ | 4,582 | $ | 16 | |||||||||||||
State and municipal | — | — | 2,454 | 17 | 2,454 | 17 | |||||||||||||||||||
$ | 3,790 | $ | 11 | $ | 3,246 | $ | 22 | $ | 7,036 | $ | 33 | ||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
Mortgage-backed securities, residential | $ | 6,944 | $ | 123 | $ | — | $ | — | $ | 6,944 | $ | 123 | |||||||||||||
State and municipal | 11,107 | 340 | 1,070 | 35 | 12,177 | 375 | |||||||||||||||||||
Corporate bond | 4,969 | 31 | — | — | 4,969 | 31 | |||||||||||||||||||
CRA mutual fund | 1,033 | 11 | — | — | 1,033 | 11 | |||||||||||||||||||
$ | 24,053 | $ | 505 | $ | 1,070 | $ | 35 | $ | 25,123 | $ | 540 | ||||||||||||||
SECURITIES HELD TO MATURITY | |||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||
U.S. Government and agencies | $ | — | $ | — | $ | 24,042 | $ | 460 | $ | 24,042 | $ | 460 | |||||||||||||
Mortgage-backed securities, residential | 10,133 | 32 | 24,963 | 677 | 35,096 | 709 | |||||||||||||||||||
$ | 10,133 | $ | 32 | $ | 49,005 | $ | 1,137 | $ | 59,138 | $ | 1,169 | ||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
U.S. Government and agencies | $ | 22,710 | $ | 812 | $ | 2,889 | $ | 111 | $ | 25,599 | $ | 923 | |||||||||||||
Mortgage-backed security, residential | 45,891 | 1,446 | 1,755 | 104 | 47,646 | 1,550 | |||||||||||||||||||
$ | 68,601 | $ | 2,258 | $ | 4,644 | $ | 215 | $ | 73,245 | $ | 2,473 | ||||||||||||||
All mortgage-backed security investments are government sponsored enterprise (GSE) pass-through instruments issued by the Federal National Mortgage Association (FNMA), Government National Mortgage Association (GNMA) or Federal Home Loan Mortgage Corporation (FHLMC), which guarantee the timely payment of principal on these investments. | |||||||||||||||||||||||||
At September 30, 2014, four available for sale residential mortgage-backed securities had unrealized losses that individually did not exceed 2% of amortized cost. Two of these securities have been in a continuous loss position for 12 months or more. These unrealized losses relate principally to changes in interest rates subsequent to the acquisition of the specific securities. | |||||||||||||||||||||||||
At September 30, 2014, six available for sale state and municipal bonds had unrealized losses that individually did not exceed 2% of amortized cost. All of these securities have been in a continuous loss position for 12 months or more. These unrealized losses relate principally to changes in interest rates subsequent to the acquisition of the specific securities. | |||||||||||||||||||||||||
At September 30, 2014, sixteen held to maturity U.S. Government and agency securities had unrealized losses that individually did not exceed 5% of amortized cost. All of these securities have been in a continuous loss position for 12 months or more. These unrealized losses relate principally to changes in interest rates subsequent to the acquisition of the specific securities. | |||||||||||||||||||||||||
At September 30, 2014, twenty-five held to maturity residential mortgage-backed securities had unrealized losses that individually did not exceed 4% of amortized cost. Eighteen of these securities have been in a continuous loss position for 12 months or more. These unrealized losses relate principally to changes in interest rates subsequent to the acquisition of the specific securities. | |||||||||||||||||||||||||
In analyzing the issuer’s financial condition, management considers industry analysts’ reports, financial performance, and projected target prices of investment analysts within a one-year time frame. Based on the above information, management has determined that none of these investments are other-than-temporarily impaired. | |||||||||||||||||||||||||
The fair values of securities available for sale (carried at fair value) and held to maturity (carried at amortized cost) are determined by obtaining quoted market prices on nationally recognized securities exchanges (Level 1), or matrix pricing (Level 2) which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the security’s relationship to other benchmark quoted prices. The Corporation uses independent service providers to provide matrix pricing. | |||||||||||||||||||||||||
Management routinely sells securities from its available for sale portfolio in an effort to manage and allocate the portfolio. At September 30, 2014, management had not identified any securities with an unrealized loss that it intends to sell or will be required to sell. In estimating other-than-temporary impairment losses on debt securities, management considers (1) whether management intends to sell the security, or (2) if it is more likely than not that management will be required to sell the security before recovery, or (3) if management does not expect to recover the entire amortized cost basis. In assessing potential other-than-temporary impairment for equity securities, consideration is given to management’s intention and ability to hold the securities until recovery of unrealized losses. | |||||||||||||||||||||||||
Amortized cost and fair value at September 30, 2014, by contractual maturity, where applicable, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay with or without penalties. | |||||||||||||||||||||||||
Available for Sale | Held to Maturity | ||||||||||||||||||||||||
In thousands | Amortized | Fair | Amortized | Fair | |||||||||||||||||||||
Cost | Value | Cost | Value | ||||||||||||||||||||||
1 year or less | $ | 9,549 | $ | 9,671 | $ | — | $ | — | |||||||||||||||||
Over 1 year through 5 years | 29,593 | 30,650 | 17,049 | 16,779 | |||||||||||||||||||||
Over 5 years through 10 years | 25,250 | 25,793 | 7,453 | 7,263 | |||||||||||||||||||||
Over 10 years | 2,216 | 2,308 | — | — | |||||||||||||||||||||
Mortgage-backed securities, residential | 49,762 | 51,883 | 50,905 | 50,296 | |||||||||||||||||||||
CRA mutual fund | 1,044 | 1,049 | — | — | |||||||||||||||||||||
Stock in other banks | 627 | 710 | — | — | |||||||||||||||||||||
$ | 118,041 | $ | 122,064 | $ | 75,407 | $ | 74,338 | ||||||||||||||||||
The Corporation realized $2,000 in gross gains and $0 in gross losses on sales of securities available for sale during the three month period ended September 30, 2014. The Corporation realized gross gains of $54,000 and $0 in gross losses on sales of securities available for sale during the nine month period ended September 30, 2014. | |||||||||||||||||||||||||
At September 30, 2014, and December 31, 2013, securities with a carrying value of $130,885,000 and $139,966,000, respectively, were pledged as collateral as required by law on public and trust deposits, repurchase agreements, and for other purposes. |
Loans
Loans | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] | ' | ||||||||||||||||||||||||||||||||
Loans | ' | ||||||||||||||||||||||||||||||||
Loans | |||||||||||||||||||||||||||||||||
The Corporation grants commercial, residential, and consumer loans to customers. A substantial portion of the loan portfolio is represented by mortgage loans throughout southcentral Pennsylvania and northern Maryland. The ability of the Corporation’s debtors to honor their contracts is dependent upon the real estate values and general economic conditions in this area. | |||||||||||||||||||||||||||||||||
Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off generally are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for loan losses, and any deferred fees or costs on originated loans. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. | |||||||||||||||||||||||||||||||||
The loans receivable portfolio is segmented into commercial, residential mortgage, home equity lines of credit, and consumer loans. Commercial loans consist of the following classes: commercial and industrial, commercial real estate, and commercial real estate construction. | |||||||||||||||||||||||||||||||||
The accrual of interest on residential mortgage and commercial loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Consumer loans (consisting of home equity lines of credit and consumer loan classes) are typically charged off no later than 120 days past due. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. | |||||||||||||||||||||||||||||||||
All interest accrued, but not collected, for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. | |||||||||||||||||||||||||||||||||
Allowance for Credit Losses | |||||||||||||||||||||||||||||||||
The allowance for credit losses consists of the allowance for loan losses and the reserve for unfunded lending commitments. The allowance for loan losses (the “allowance”) is established as losses are estimated to occur through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The reserve for unfunded lending commitments represents management’s estimate of losses inherent in its unfunded loan commitments and is recorded in other liabilities on the consolidated statement of condition. The amount of the reserve for unfunded lending commitments is not material to the consolidated financial statements. | |||||||||||||||||||||||||||||||||
The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. | |||||||||||||||||||||||||||||||||
The allowance consists of specific, general and unallocated components. The specific component relates to loans that are classified as either doubtful, substandard, or special mention. For such loans that are also classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers pools of loans by loan class including commercial loans not considered impaired, as well as smaller balance homogeneous loans, such as residential real estate, home equity, and other consumer loans. These pools of loans are evaluated for loss exposure based upon historical loss rates for the previous twelve quarters for each of these categories of loans, adjusted for qualitative risk factors. These qualitative risk factors include: | |||||||||||||||||||||||||||||||||
• | lending policies and procedures, including underwriting standards and collection, charge-off and recovery practices; | ||||||||||||||||||||||||||||||||
• | national, regional and local economic and business conditions, as well as the condition of various market segments, including the impact on the value of underlying collateral for collateral dependent loans; | ||||||||||||||||||||||||||||||||
• | the nature and volume of the portfolio and terms of loans; | ||||||||||||||||||||||||||||||||
• | the experience, ability and depth of lending management and staff; | ||||||||||||||||||||||||||||||||
• | the volume and severity of past due, classified and nonaccrual loans, as well as other loan modifications; and, | ||||||||||||||||||||||||||||||||
• | the existence and effect of any concentrations of credit and changes in the level of such concentrations. | ||||||||||||||||||||||||||||||||
Each factor is assigned a value to reflect improving, stable or declining conditions based on management’s best judgment using relevant information available at the time of the evaluation. Adjustments to the factors are supported through documentation of changes in conditions in a narrative accompanying the allowance for loan loss calculation. | |||||||||||||||||||||||||||||||||
The unallocated component of the allowance is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. It covers risks that are inherently difficult to quantify including, but not limited to, collateral risk, information risk, and historical charge-off risk. | |||||||||||||||||||||||||||||||||
A loan is considered impaired when, based on current information and events, it is probable that the Corporation will be unable to collect the scheduled payments of principal and/or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and/or interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and commercial construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. | |||||||||||||||||||||||||||||||||
A specific allocation within the allowance for loan losses is established for an impaired loan if its carrying value exceeds its estimated fair value. The estimated fair values of the Corporation’s impaired loans are measured based on the estimated fair value of the loan’s collateral or the discounted cash flows method. | |||||||||||||||||||||||||||||||||
It is the policy of the Corporation to order an updated valuation on all real estate secured loans when the loan becomes 90 days past due and there has not been an updated valuation completed within the previous 12 months. In addition, the Corporation orders third-party valuations on all impaired real estate collateralized loans within 30 days of the loan being classified as impaired. Until the valuations are completed, the Corporation utilizes the most recent independent third-party real estate valuation to estimate the need for a specific allocation to be assigned to the loan. These existing valuations are discounted downward to account for such things as the age of the existing collateral valuation, change in the condition of the real estate, change in local market and economic conditions, and other specific factors involving the collateral. Once the updated valuation is completed, the collateral value is updated accordingly. | |||||||||||||||||||||||||||||||||
For commercial and industrial loans secured by non-real estate collateral, such as accounts receivable, inventory and equipment, estimated fair values are determined based on the borrower’s financial statements, inventory reports, accounts receivable aging reports, equipment appraisals, or invoices. Indications of value from these sources are generally discounted based on the age of the financial information or the quality of the assets. | |||||||||||||||||||||||||||||||||
The Corporation actively monitors the values of collateral as well as the age of the valuation of impaired loans. Management believes that the Corporation’s market area is not as volatile as other areas throughout the United States, therefore valuations are ordered at least every 18 months, or more frequently if management believes that there is an indication that the fair value has declined. | |||||||||||||||||||||||||||||||||
For impaired loans secured by collateral other than real estate, the Corporation considers the net book value of the collateral, as recorded in the most recent financial statements of the borrower, and determines fair value based on estimates made by management. | |||||||||||||||||||||||||||||||||
Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Corporation does not separately identify individual consumer and residential loans for impairment disclosures, unless such loans are the subject of a troubled debt restructure. | |||||||||||||||||||||||||||||||||
Loans whose terms are modified are classified as troubled debt restructured loans if the Corporation grants such borrowers concessions that it would not otherwise consider and it is deemed that those borrowers are experiencing financial difficulty. Concessions granted under a troubled debt restructuring generally involve a temporary reduction in interest rate, a below market interest rate given the risk associated with the loan, or an extension of a loan’s stated maturity date. Nonaccrual troubled debt restructurings may be restored to accrual status if principal and interest payments, under the modified terms, are current for a sustained period of time and, based on a well-documented credit evaluation of the borrower’s financial condition, there is reasonable assurance of repayment. Loans classified as troubled debt restructurings are generally designated as impaired. | |||||||||||||||||||||||||||||||||
The allowance calculation methodology includes further segregation of loan classes into credit quality rating categories. The borrower’s overall financial condition, repayment sources, guarantors, and value of collateral, if appropriate, are generally evaluated annually for commercial loans or when credit deficiencies arise, such as delinquent loan payments. | |||||||||||||||||||||||||||||||||
Credit quality risk ratings include regulatory classifications of special mention, substandard, doubtful, and loss. Loans classified special mention have potential weaknesses that deserve management’s close attention. If uncorrected, the potential weaknesses may result in deterioration of the repayment prospects. Loans classified substandard have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They include loans that are inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified doubtful have all the weaknesses inherent in loans classified substandard with the added characteristic that collection or liquidation in full, on the basis of current conditions and facts, is highly improbable. Loans classified as a loss are considered uncollectible and are charged to the allowance for loan losses. Loans not classified are rated pass. | |||||||||||||||||||||||||||||||||
In addition, federal and state regulatory agencies, as an integral part of their examination process, periodically review the Corporation’s allowance for loan losses and may require the Corporation to recognize additions to the allowance based on their judgments about information available to them at the time of their examination, which may not be currently available to management. Based on management’s comprehensive analysis of the loan portfolio and economic conditions, management believes the current level of the allowance for loan losses is adequate. | |||||||||||||||||||||||||||||||||
Commercial and Industrial Lending — The Corporation originates commercial and industrial loans primarily to businesses located in its primary market area and surrounding areas. These loans are used for various business purposes which include short-term loans and lines of credit to finance machinery and equipment purchases, inventory, and accounts receivable. Generally, the maximum term for loans extended on machinery and equipment is based on the projected useful life of such machinery and equipment. Most business lines of credit are written on demand and may be renewed annually. | |||||||||||||||||||||||||||||||||
Commercial and industrial loans are generally secured with short-term assets; however, in many cases, additional collateral such as real estate is provided as additional security for the loan. Loan-to-value maximum values have been established by the Corporation and are specific to the type of collateral. Collateral values may be determined using invoices, inventory reports, accounts receivable aging reports, collateral appraisals, etc. | |||||||||||||||||||||||||||||||||
In underwriting commercial and industrial loans, an analysis is performed to evaluate the borrower’s character and capacity to repay the loan, the adequacy of the borrower’s capital and collateral, as well as the conditions affecting the borrower. Evaluation of the borrower’s past, present and future cash flows is also an important aspect of the Corporation’s analysis. | |||||||||||||||||||||||||||||||||
Commercial loans generally present a higher level of risk than other types of loans due primarily to the effect of general economic conditions. | |||||||||||||||||||||||||||||||||
Commercial Real Estate Lending — The Corporation engages in commercial real estate lending in its primary market area and surrounding areas. The Corporation’s commercial loan portfolio is secured primarily by commercial retail space, office buildings, and hotels. Generally, commercial real estate loans have terms that do not exceed 20 years, have loan-to-value ratios of up to 80% of the appraised value of the property, and are typically secured by personal guarantees of the borrowers. | |||||||||||||||||||||||||||||||||
In underwriting these loans, the Corporation performs a thorough analysis of the financial condition of the borrower, the borrower’s credit history, and the reliability and predictability of the cash flow generated by the property securing the loan. Appraisals on properties securing commercial real estate loans originated by the Corporation are performed by independent appraisers. | |||||||||||||||||||||||||||||||||
Commercial real estate loans generally present a higher level of risk than other types of loans due primarily to the effect of general economic conditions and the complexities involved in valuing the underlying collateral. | |||||||||||||||||||||||||||||||||
Commercial Real Estate Construction Lending — The Corporation engages in commercial real estate construction lending in its primary market area and surrounding areas. The Corporation’s commercial real estate construction lending consists of commercial and residential site development loans, as well as commercial building construction and residential housing construction loans. | |||||||||||||||||||||||||||||||||
The Corporation’s commercial real estate construction loans are generally secured with the subject property. Terms of construction loans depend on the specifics of the project, such as estimated absorption rates, estimated time to complete, etc. | |||||||||||||||||||||||||||||||||
In underwriting commercial real estate construction loans, the Corporation performs a thorough analysis of the financial condition of the borrower, the borrower’s credit history, and the reliability and predictability of the cash flow generated by the project using feasibility studies, market data, etc. Appraisals on properties securing commercial real estate construction loans originated by the Corporation are performed by independent appraisers. | |||||||||||||||||||||||||||||||||
Commercial real estate construction loans generally present a higher level of risk than other types of loans due primarily to the effect of general economic conditions and the uncertainties surrounding total construction costs. | |||||||||||||||||||||||||||||||||
Residential Mortgage Lending — One-to-four family residential mortgage loan originations, including home equity closed-end loans, are generated by the Corporation’s marketing efforts, its present customers, walk-in customers, and referrals. These loans originate primarily within the Corporation’s market area or with customers primarily from the market area. | |||||||||||||||||||||||||||||||||
The Corporation offers fixed-rate and adjustable-rate mortgage loans with terms up to a maximum of 30 years for both permanent structures and those under construction. The Corporation’s one-to-four family residential mortgage originations are secured primarily by properties located in its primary market area and surrounding areas. The majority of the Corporation’s residential mortgage loans originate with a loan-to-value of 80% or less. Loans in excess of 80% are required to have private mortgage insurance. | |||||||||||||||||||||||||||||||||
In underwriting one-to-four family residential real estate loans, the Corporation evaluates both the borrower’s financial ability to repay the loan as agreed and the value of the property securing the loan. Properties securing real estate loans made by the Corporation are appraised by independent appraisers. The Corporation generally requires borrowers to obtain an attorney’s title opinion or title insurance, as well as fire and property insurance (including flood insurance, if necessary) in an amount not less than the amount of the loan. The Corporation has not engaged in subprime residential mortgage originations. | |||||||||||||||||||||||||||||||||
Residential mortgage loans present a moderate level of risk due primarily to general economic conditions, as well as a continued weak housing market. | |||||||||||||||||||||||||||||||||
Home Equity Lines of Credit Lending — The Corporation originates home equity lines of credit primarily within the Corporation’s market area or with customers primarily from the market area. Home equity lines of credit are generated by the Corporation’s marketing efforts, its present customers, walk-in customers, and referrals. | |||||||||||||||||||||||||||||||||
Home equity lines of credit are secured by the borrower’s primary residence with a maximum loan-to-value of 90% and a maximum term of 20 years. In underwriting home equity lines of credit, the Corporation evaluates both the value of the property securing the loan and the borrower’s financial ability to repay the loan as agreed. The ability to repay is determined by the borrower’s employment history, current financial condition, and credit background. | |||||||||||||||||||||||||||||||||
Home equity lines of credit generally present a moderate level of risk due primarily to general economic conditions, as well as a continued weak housing market. | |||||||||||||||||||||||||||||||||
Junior liens inherently have more credit risk by virtue of the fact that another financial institution may have a higher security position in the case of foreclosure liquidation of collateral to extinguish the debt. Generally, foreclosure actions could become more prevalent if the real estate market continues to be weak and property values deteriorate. | |||||||||||||||||||||||||||||||||
Consumer Lending — The Corporation offers a variety of secured and unsecured consumer loans, including those for vehicles and mobile homes and those secured by savings deposits. These loans originate primarily within the Corporation’s market area or with customers primarily from the market area. | |||||||||||||||||||||||||||||||||
Consumer loan terms vary according to the type and value of collateral and the creditworthiness of the borrower. In underwriting consumer loans, a thorough analysis of the borrower’s financial ability to repay the loan as agreed is performed. The ability to repay is determined by the borrower’s employment history, current financial condition, and credit background. | |||||||||||||||||||||||||||||||||
Consumer loans may entail greater credit risk than residential mortgage loans or home equity lines of credit, particularly in the case of consumer loans which are unsecured or are secured by rapidly depreciable assets such as automobiles or recreational equipment. In such cases, any repossessed collateral for a defaulted consumer loan may not provide an adequate source of repayment of the outstanding loan balance as a result of the greater likelihood of damage, loss or depreciation. In addition, consumer loan collections are dependent on the borrower’s continuing financial stability, and thus are more likely to be affected by adverse personal circumstances. Furthermore, the application of various federal and state laws, including bankruptcy and insolvency laws, may limit the amount which can be recovered on such loans. | |||||||||||||||||||||||||||||||||
The following table presents the classes of the loan portfolio summarized by the aggregate pass rating and the classified ratings of special mention, substandard, and doubtful within the Corporation’s internal risk rating system as of September 30, 2014, and December 31, 2013: | |||||||||||||||||||||||||||||||||
In thousands | Pass | Special | Substandard | Doubtful | Total | ||||||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 59,818 | $ | 2,364 | $ | 3,723 | $ | — | $ | 65,905 | |||||||||||||||||||||||
Commercial real estate | 221,647 | 27,465 | 15,501 | — | 264,613 | ||||||||||||||||||||||||||||
Commercial real estate construction | 7,675 | 3,360 | 582 | — | 11,617 | ||||||||||||||||||||||||||||
Residential mortgage | 348,149 | 4,571 | 2,055 | — | 354,775 | ||||||||||||||||||||||||||||
Home equity lines of credit | 53,190 | 777 | 35 | — | 54,002 | ||||||||||||||||||||||||||||
Consumer | 15,429 | — | — | — | 15,429 | ||||||||||||||||||||||||||||
$ | 705,908 | $ | 38,537 | $ | 21,896 | $ | — | $ | 766,341 | ||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 53,316 | $ | 2,364 | $ | 3,537 | $ | — | $ | 59,217 | |||||||||||||||||||||||
Commercial real estate | 193,162 | 29,655 | 16,369 | — | 239,186 | ||||||||||||||||||||||||||||
Commercial real estate construction | 5,123 | 5,018 | 1,055 | — | 11,196 | ||||||||||||||||||||||||||||
Residential mortgage | 344,847 | 2,551 | 3,611 | — | 351,009 | ||||||||||||||||||||||||||||
Home equity lines of credit | 53,021 | 608 | 223 | — | 53,852 | ||||||||||||||||||||||||||||
Consumer | 14,188 | — | — | — | 14,188 | ||||||||||||||||||||||||||||
$ | 663,657 | $ | 40,196 | $ | 24,795 | $ | — | $ | 728,648 | ||||||||||||||||||||||||
The following table summarizes information relative to impaired loans by loan portfolio class as of September 30, 2014, and December 31, 2013: | |||||||||||||||||||||||||||||||||
Impaired Loans with Allowance | Impaired Loans with | ||||||||||||||||||||||||||||||||
No Allowance | |||||||||||||||||||||||||||||||||
In thousands | Recorded | Unpaid | Related | Recorded | Unpaid | ||||||||||||||||||||||||||||
Investment | Principal | Allowance | Investment | Principal | |||||||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | — | $ | — | $ | — | $ | 1,785 | $ | 2,900 | |||||||||||||||||||||||
Commercial real estate | — | — | — | 10,472 | 10,671 | ||||||||||||||||||||||||||||
Commercial real estate construction | — | — | — | 368 | 642 | ||||||||||||||||||||||||||||
Residential mortgage | 238 | 275 | 42 | 830 | 1,056 | ||||||||||||||||||||||||||||
$ | 238 | $ | 275 | $ | 42 | $ | 13,455 | $ | 15,269 | ||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | — | $ | — | $ | — | $ | 1,574 | $ | 2,688 | |||||||||||||||||||||||
Commercial real estate | — | — | — | 11,197 | 11,758 | ||||||||||||||||||||||||||||
Commercial real estate construction | — | — | — | 788 | 1,062 | ||||||||||||||||||||||||||||
Residential mortgage | 1,478 | 1,478 | 201 | 675 | 712 | ||||||||||||||||||||||||||||
$ | 1,478 | $ | 1,478 | $ | 201 | $ | 14,234 | $ | 16,220 | ||||||||||||||||||||||||
The following table summarizes information in regards to the average of impaired loans and related interest income by loan portfolio class for the three months ended September 30, 2014 and 2013: | |||||||||||||||||||||||||||||||||
Impaired Loans with | Impaired Loans with | ||||||||||||||||||||||||||||||||
Allowance | No Allowance | ||||||||||||||||||||||||||||||||
In thousands | Average | Interest | Average | Interest | |||||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | — | $ | — | $ | 1,048 | $ | 2 | |||||||||||||||||||||||||
Commercial real estate | — | — | 10,468 | 58 | |||||||||||||||||||||||||||||
Commercial real estate construction | — | — | 539 | — | |||||||||||||||||||||||||||||
Residential mortgage | 601 | — | 578 | 4 | |||||||||||||||||||||||||||||
$ | 601 | $ | — | $ | 12,633 | $ | 64 | ||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | — | $ | — | $ | 183 | $ | — | |||||||||||||||||||||||||
Commercial real estate | 228 | — | 11,997 | 107 | |||||||||||||||||||||||||||||
Commercial real estate construction | 4,168 | 34 | 788 | — | |||||||||||||||||||||||||||||
Residential mortgage | 1,170 | — | 999 | 2 | |||||||||||||||||||||||||||||
$ | 5,566 | $ | 34 | $ | 13,967 | $ | 109 | ||||||||||||||||||||||||||
The following table summarizes information in regards to the average of impaired loans and related interest income by loan portfolio class for the nine months ended September 30, 2014 and 2013: | |||||||||||||||||||||||||||||||||
Impaired Loans with | Impaired Loans with | ||||||||||||||||||||||||||||||||
Allowance | No Allowance | ||||||||||||||||||||||||||||||||
In thousands | Average | Interest | Average | Interest | |||||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | — | $ | — | $ | 1,256 | $ | 2 | |||||||||||||||||||||||||
Commercial real estate | 180 | — | 10,475 | 388 | |||||||||||||||||||||||||||||
Commercial real estate construction | — | — | 663 | — | |||||||||||||||||||||||||||||
Residential mortgage | 1,111 | 9 | 513 | 12 | |||||||||||||||||||||||||||||
$ | 1,291 | $ | 9 | $ | 12,907 | $ | 402 | ||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 73 | $ | — | $ | 189 | $ | — | |||||||||||||||||||||||||
Commercial real estate | 232 | — | 11,133 | 466 | |||||||||||||||||||||||||||||
Commercial real estate construction | 3,430 | 169 | 821 | — | |||||||||||||||||||||||||||||
Residential mortgage | 935 | — | 967 | 8 | |||||||||||||||||||||||||||||
$ | 4,670 | $ | 169 | $ | 13,110 | $ | 474 | ||||||||||||||||||||||||||
No additional funds are committed to be advanced in connection with impaired loans. | |||||||||||||||||||||||||||||||||
The following table presents nonaccrual loans by loan portfolio class as of September 30, 2014, and December 31, 2013: | |||||||||||||||||||||||||||||||||
In thousands | 30-Sep-14 | 31-Dec-13 | |||||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,785 | $ | 1,574 | |||||||||||||||||||||||||||||
Commercial real estate | 3,757 | 4,363 | |||||||||||||||||||||||||||||||
Commercial real estate construction | 368 | 788 | |||||||||||||||||||||||||||||||
Residential mortgage | 772 | 1,848 | |||||||||||||||||||||||||||||||
$ | 6,682 | $ | 8,573 | ||||||||||||||||||||||||||||||
The following table summarizes information relative to troubled debt restructurings by loan portfolio class as of September 30, 2014, and December 31, 2013: | |||||||||||||||||||||||||||||||||
In thousands | Pre-Modification | Post-Modification | Recorded | ||||||||||||||||||||||||||||||
Outstanding Recorded Investment | Outstanding Recorded Investment | Investment at Period End | |||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||
Nonaccruing troubled debt restructurings: | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 490 | $ | 485 | $ | 68 | |||||||||||||||||||||||||||
Commercial real estate | 1,021 | 1,021 | 569 | ||||||||||||||||||||||||||||||
Commercial real estate construction | 1,548 | 1,541 | 274 | ||||||||||||||||||||||||||||||
Total nonaccruing troubled debt restructurings | 3,059 | 3,047 | 911 | ||||||||||||||||||||||||||||||
Accruing troubled debt restructurings: | |||||||||||||||||||||||||||||||||
Commercial real estate | 7,118 | 7,170 | 6,715 | ||||||||||||||||||||||||||||||
Residential mortgage | 336 | 336 | 296 | ||||||||||||||||||||||||||||||
Total accruing troubled debt restructurings | 7,454 | 7,506 | 7,011 | ||||||||||||||||||||||||||||||
Total Troubled Debt Restructurings | $ | 10,513 | $ | 10,553 | $ | 7,922 | |||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||
Nonaccruing troubled debt restructurings: | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 490 | $ | 485 | $ | 142 | |||||||||||||||||||||||||||
Commercial real estate | 1,021 | 1,021 | 634 | ||||||||||||||||||||||||||||||
Commercial real estate construction | 1,548 | 1,541 | 694 | ||||||||||||||||||||||||||||||
Residential mortgage | 566 | 566 | 566 | ||||||||||||||||||||||||||||||
Total nonaccruing troubled debt restructurings | 3,625 | 3,613 | 2,036 | ||||||||||||||||||||||||||||||
Accruing troubled debt restructurings: | |||||||||||||||||||||||||||||||||
Commercial real estate | 7,118 | 7,170 | 6,834 | ||||||||||||||||||||||||||||||
Residential mortgage | 336 | 336 | 305 | ||||||||||||||||||||||||||||||
Total accruing troubled debt restructurings | 7,454 | 7,506 | 7,139 | ||||||||||||||||||||||||||||||
Total Troubled Debt Restructurings | $ | 11,079 | $ | 11,119 | $ | 9,175 | |||||||||||||||||||||||||||
All of the Corporation’s troubled debt restructured loans are also impaired loans, of which some have resulted in a specific allocation and, subsequently, a charge-off as appropriate. During the three and nine months ended September 30, 2014, there were no defaulted troubled debt restructured loans. One troubled debt restructured loan paid in full during the second quarter of 2014. During the three and nine months ended September 30, 2013, one troubled debt restructured loan defaulted in the amount of $237,000 and was transferred to foreclosed assets held for resale. All other troubled debt restructured loans were current as of September 30, 2014, with respect to their associated forbearance agreement, except for one loan which has had periodic late payments. One forbearance agreement was negotiated during 2009 and modified during 2011, two were negotiated during 2010 and modified during 2013, three were negotiated during 2012, and one was negotiated during 2013. | |||||||||||||||||||||||||||||||||
There are forbearance agreements on all loans currently classified as troubled debt restructurings, except for two loans in which the forbearance agreement has expired and one loan in which a modification took place, all of which remain classified as troubled debt restructured loans. All of these troubled debt restructured loans have resulted in additional principal repayment. The terms of these troubled debt restructured loans vary whereby principal payments have been decreased, interest rates have been reduced, and/or the loan will be repaid as collateral is sold. | |||||||||||||||||||||||||||||||||
The following table summarizes loans whose terms have been modified resulting in troubled debt restructurings during the three and nine months ended September 30, 2014 and 2013: | |||||||||||||||||||||||||||||||||
Dollars in thousands | Number of Contracts | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Recorded Investment at Period End | |||||||||||||||||||||||||||||
THREE MONTHS ENDED SEPTEMBER 30, 2014 | |||||||||||||||||||||||||||||||||
Troubled debt restructurings | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||||
NINE MONTHS ENDED SEPTEMBER 30, 2014 | |||||||||||||||||||||||||||||||||
Troubled debt restructurings | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||||
THREE MONTHS ENDED SEPTEMBER 30, 2013 | |||||||||||||||||||||||||||||||||
Troubled debt restructurings | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||||
NINE MONTHS ENDED SEPTEMBER 30, 2013 | |||||||||||||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||||||||||
Commercial real estate | 1 | $ | 2,541 | $ | 2,593 | $ | 2,559 | ||||||||||||||||||||||||||
The performance and credit quality of the loan portfolio is also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due. | |||||||||||||||||||||||||||||||||
The following table presents the classes of the loan portfolio summarized by the past due status as of September 30, 2014, and December 31, 2013: | |||||||||||||||||||||||||||||||||
In thousands | 30-59 Days | 60-89 Days | >90 Days | Total Past | Current | Total Loans | Loans | ||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Due | Receivable | Receivable | ||||||||||||||||||||||||||||
>90 Days | |||||||||||||||||||||||||||||||||
and | |||||||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 17 | $ | — | $ | 1,785 | $ | 1,802 | $ | 64,103 | $ | 65,905 | $ | — | |||||||||||||||||||
Commercial real estate | 564 | 1,328 | 2,036 | 3,928 | 260,685 | 264,613 | 33 | ||||||||||||||||||||||||||
Commercial real estate construction | — | — | 368 | 368 | 11,249 | 11,617 | — | ||||||||||||||||||||||||||
Residential mortgage | 306 | 1,007 | 2,578 | 3,891 | 350,884 | 354,775 | 1,832 | ||||||||||||||||||||||||||
Home equity lines of credit | 214 | — | 100 | 314 | 53,688 | 54,002 | 100 | ||||||||||||||||||||||||||
Consumer | 20 | — | 2 | 22 | 15,407 | 15,429 | 2 | ||||||||||||||||||||||||||
$ | 1,121 | $ | 2,335 | $ | 6,869 | $ | 10,325 | $ | 756,016 | $ | 766,341 | $ | 1,967 | ||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 55 | $ | 13 | $ | 152 | $ | 220 | $ | 58,997 | $ | 59,217 | $ | 3 | |||||||||||||||||||
Commercial real estate | 857 | 552 | 1,964 | 3,373 | 235,813 | 239,186 | — | ||||||||||||||||||||||||||
Commercial real estate construction | — | — | 788 | 788 | 10,408 | 11,196 | — | ||||||||||||||||||||||||||
Residential mortgage | 4,728 | 795 | 3,148 | 8,671 | 342,338 | 351,009 | 1,900 | ||||||||||||||||||||||||||
Home equity lines of credit | 260 | 36 | 14 | 310 | 53,542 | 53,852 | 14 | ||||||||||||||||||||||||||
Consumer | 22 | 15 | 9 | 46 | 14,142 | 14,188 | 9 | ||||||||||||||||||||||||||
$ | 5,922 | $ | 1,411 | $ | 6,075 | $ | 13,408 | $ | 715,240 | $ | 728,648 | $ | 1,926 | ||||||||||||||||||||
The following tables summarize the allowance for loan losses and recorded investment in loans receivable: | |||||||||||||||||||||||||||||||||
In thousands | Commercial | Commercial | Commercial | Residential | Home Equity | Consumer | Unallocated | Total | |||||||||||||||||||||||||
and | Real Estate | Real Estate | Mortgage | Lines of | |||||||||||||||||||||||||||||
Industrial | Construction | Credit | |||||||||||||||||||||||||||||||
AS OF AND FOR THE PERIOD ENDED SEPTEMBER 30, 2014 | |||||||||||||||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||||||||||
Beginning balance - July 1, 2014 | $ | 1,964 | $ | 5,462 | $ | 225 | $ | 3,929 | $ | 529 | $ | 998 | $ | 2,656 | $ | 15,763 | |||||||||||||||||
Charge-offs | (31 | ) | — | — | (362 | ) | — | (5 | ) | — | (398 | ) | |||||||||||||||||||||
Recoveries | 2 | — | — | 51 | — | 3 | — | 56 | |||||||||||||||||||||||||
Provisions | (4 | ) | 210 | 2 | 165 | 6 | (2 | ) | (377 | ) | — | ||||||||||||||||||||||
Ending balance - September 30, 2014 | $ | 1,931 | $ | 5,672 | $ | 227 | $ | 3,783 | $ | 535 | $ | 994 | $ | 2,279 | $ | 15,421 | |||||||||||||||||
Beginning balance - January 1, 2014 | $ | 1,915 | $ | 5,819 | $ | 247 | $ | 4,013 | $ | 537 | $ | 947 | $ | 2,613 | $ | 16,091 | |||||||||||||||||
Charge-offs | (88 | ) | (111 | ) | — | (535 | ) | (121 | ) | (45 | ) | — | (900 | ) | |||||||||||||||||||
Recoveries | 14 | — | — | 58 | — | 8 | — | 80 | |||||||||||||||||||||||||
Provisions | 90 | (36 | ) | (20 | ) | 247 | 119 | 84 | (334 | ) | 150 | ||||||||||||||||||||||
Ending balance - September 30, 2014 | $ | 1,931 | $ | 5,672 | $ | 227 | $ | 3,783 | $ | 535 | $ | 994 | $ | 2,279 | $ | 15,421 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | — | $ | — | $ | — | $ | 42 | $ | — | $ | — | $ | — | $ | 42 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 1,931 | $ | 5,672 | $ | 227 | $ | 3,741 | $ | 535 | $ | 994 | $ | 2,279 | $ | 15,379 | |||||||||||||||||
Loans Receivable | |||||||||||||||||||||||||||||||||
Ending balance | $ | 65,905 | $ | 264,613 | $ | 11,617 | $ | 354,775 | $ | 54,002 | $ | 15,429 | $ | — | $ | 766,341 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 1,785 | $ | 10,472 | $ | 368 | $ | 1,068 | $ | — | $ | — | $ | — | $ | 13,693 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 64,120 | $ | 254,141 | $ | 11,249 | $ | 353,707 | $ | 54,002 | $ | 15,429 | $ | — | $ | 752,648 | |||||||||||||||||
AS OF AND FOR THE PERIOD ENDED SEPTEMBER 30, 2013 | |||||||||||||||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||||||||||
Beginning Balance - July 1, 2013 | $ | 1,470 | $ | 5,852 | $ | 1,542 | $ | 4,149 | $ | 531 | $ | 826 | $ | 2,869 | $ | 17,239 | |||||||||||||||||
Charge-offs | (41 | ) | (396 | ) | — | (133 | ) | — | (29 | ) | — | (599 | ) | ||||||||||||||||||||
Recoveries | 5 | — | — | 1 | — | 1 | — | 7 | |||||||||||||||||||||||||
Provisions | 346 | 934 | (462 | ) | 87 | 7 | 85 | (847 | ) | 150 | |||||||||||||||||||||||
Ending balance - September 30, 2013 | $ | 1,780 | $ | 6,390 | $ | 1,080 | $ | 4,104 | $ | 538 | $ | 883 | $ | 2,022 | $ | 16,797 | |||||||||||||||||
Beginning Balance - January 1, 2013 | $ | 1,507 | $ | 6,576 | $ | 518 | $ | 3,721 | $ | 517 | $ | 633 | $ | 3,353 | $ | 16,825 | |||||||||||||||||
Charge-offs | (133 | ) | (540 | ) | — | (729 | ) | — | (158 | ) | — | (1,560 | ) | ||||||||||||||||||||
Recoveries | 226 | — | — | 2 | — | 4 | — | 232 | |||||||||||||||||||||||||
Provisions | 180 | 354 | 562 | 1,110 | 21 | 404 | (1,331 | ) | 1,300 | ||||||||||||||||||||||||
Ending balance - September 30, 2013 | $ | 1,780 | $ | 6,390 | $ | 1,080 | $ | 4,104 | $ | 538 | $ | 883 | $ | 2,022 | $ | 16,797 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | — | $ | 455 | $ | 906 | $ | 404 | $ | — | $ | — | $ | — | $ | 1,765 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 1,780 | $ | 5,935 | $ | 174 | $ | 3,700 | $ | 538 | $ | 883 | $ | 2,022 | $ | 15,032 | |||||||||||||||||
Loans Receivable | |||||||||||||||||||||||||||||||||
Ending balance | $ | 54,850 | $ | 239,326 | $ | 12,683 | $ | 343,388 | $ | 53,462 | $ | 14,339 | $ | — | $ | 718,048 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 179 | $ | 11,862 | $ | 4,599 | $ | 2,214 | $ | — | $ | — | $ | — | $ | 18,854 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 54,671 | $ | 227,464 | $ | 8,084 | $ | 341,174 | $ | 53,462 | $ | 14,339 | $ | — | $ | 699,194 | |||||||||||||||||
In thousands | Commercial | Commercial | Commercial | Residential | Home Equity | Consumer | Unallocated | Total | |||||||||||||||||||||||||
and | Real Estate | Real Estate | Mortgage | Lines of | |||||||||||||||||||||||||||||
Industrial | Construction | Credit | |||||||||||||||||||||||||||||||
AS OF DECEMBER 31, 2013 | |||||||||||||||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||||||||||
Ending balance | $ | 1,915 | $ | 5,819 | $ | 247 | $ | 4,013 | $ | 537 | $ | 947 | $ | 2,613 | $ | 16,091 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | — | $ | — | $ | — | $ | 201 | $ | — | $ | — | $ | — | $ | 201 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 1,915 | $ | 5,819 | $ | 247 | $ | 3,812 | $ | 537 | $ | 947 | $ | 2,613 | $ | 15,890 | |||||||||||||||||
Loans Receivable | |||||||||||||||||||||||||||||||||
Ending balance | $ | 59,217 | $ | 239,186 | $ | 11,196 | $ | 351,009 | $ | 53,852 | $ | 14,188 | $ | — | $ | 728,648 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 1,574 | $ | 11,197 | $ | 788 | $ | 2,153 | $ | — | $ | — | $ | — | $ | 15,712 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 57,643 | $ | 227,989 | $ | 10,408 | $ | 348,856 | $ | 53,852 | $ | 14,188 | $ | — | $ | 712,936 | |||||||||||||||||
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||||||
Fair Value Measurements | |||||||||||||||||||||
Management uses its best judgment in estimating the fair value of the Corporation’s financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts the Corporation could have realized in a sales transaction on the dates indicated. The estimated fair value amounts have been measured as of their respective reporting dates and have not been reevaluated or updated for purposes of these consolidated financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported at each period end. | |||||||||||||||||||||
Fair value measurement and disclosure guidance defines fair value as the price that would be received to sell the asset or transfer the liability in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. | |||||||||||||||||||||
Fair value measurement and disclosure guidance provides a list of factors that a reporting entity should evaluate to determine whether there has been a significant decrease in the volume and level of activity for the asset or liability in relation to normal market activity for the asset or liability. When the reporting entity concludes there has been a significant decrease in the volume and level of activity for the asset or liability, further analysis of the information from that market is needed and significant adjustments to the related prices may be necessary to estimate fair value in accordance with fair value measurement and disclosure guidance. | |||||||||||||||||||||
This guidance further clarifies that when there has been a significant decrease in the volume and level of activity for the asset or liability, some transactions may not be orderly. In those situations, the entity must evaluate the weight of the evidence to determine whether the transaction is orderly. The guidance provides a list of circumstances that may indicate that a transaction is not orderly. A transaction price that is not associated with an orderly transaction is given little, if any, weight when estimating fair value. | |||||||||||||||||||||
Fair value measurement and disclosure guidance establishes a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: | |||||||||||||||||||||
Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. | |||||||||||||||||||||
Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability. | |||||||||||||||||||||
Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported with little or no market activity). | |||||||||||||||||||||
An asset or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. | |||||||||||||||||||||
For assets measured at fair value, the fair value measurements by level within the fair value hierarchy, and the basis of measurement used, at September 30, 2014, and December 31, 2013, are as follows: | |||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||
In thousands | Basis | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||
U.S. Government and agencies | $ | 19,406 | $ | — | $ | 19,406 | $ | — | |||||||||||||
Mortgage-backed securities, residential | 51,883 | — | 51,883 | — | |||||||||||||||||
State and municipal | 38,882 | — | 38,882 | — | |||||||||||||||||
Corporate bonds | 10,134 | — | 10,134 | — | |||||||||||||||||
CRA mutual fund | 1,049 | 1,049 | — | — | |||||||||||||||||
Stock in other banks | 710 | 710 | — | — | |||||||||||||||||
Total securities available for sale | Recurring | $ | 122,064 | $ | 1,759 | $ | 120,305 | $ | — | ||||||||||||
Impaired loans | Nonrecurring | $ | 5,385 | $ | — | $ | — | $ | 5,385 | ||||||||||||
Foreclosed assets held for resale | Nonrecurring | $ | 171 | $ | — | $ | — | $ | 171 | ||||||||||||
31-Dec-13 | |||||||||||||||||||||
In thousands | Basis | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||
U.S. Government and agencies | $ | 21,651 | $ | — | $ | 21,651 | $ | — | |||||||||||||
Mortgage-backed securities, residential | 53,740 | — | 53,740 | — | |||||||||||||||||
State and municipal | 41,522 | — | 41,522 | — | |||||||||||||||||
Corporate bonds | 11,165 | — | 11,165 | — | |||||||||||||||||
CRA mutual fund | 1,033 | 1,033 | — | — | |||||||||||||||||
Stock in other banks | 872 | 872 | — | — | |||||||||||||||||
Total securities available for sale | Recurring | $ | 129,983 | $ | 1,905 | $ | 128,078 | $ | — | ||||||||||||
Impaired loans | Nonrecurring | $ | 6,887 | $ | — | $ | — | $ | 6,887 | ||||||||||||
Foreclosed assets held for resale | Nonrecurring | $ | 413 | $ | — | $ | — | $ | 413 | ||||||||||||
The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis for which the Corporation has utilized Level 3 inputs to determine fair value: | |||||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
Dollars in thousands | Fair Value Estimate | Valuation Technique | Unobservable Input | Range | Weighted Average | ||||||||||||||||
September 30, 2014 | |||||||||||||||||||||
Impaired loans | $ | 5,385 | Appraisal of collateral | (a) | Appraisal adjustments | (b) | (10) - (50)% | -19% | |||||||||||||
Foreclosed assets held for resale | $ | 171 | Appraisal of collateral | (a) | Appraisal adjustments | (b) | (10) - (50)% | -18% | |||||||||||||
December 31, 2013 | |||||||||||||||||||||
Impaired loans | $ | 6,887 | Appraisal of collateral | (a) | Appraisal adjustments | (b) | (10) - (50)% | -19% | |||||||||||||
Foreclosed assets held for resale | $ | 413 | Appraisal of collateral | (a) | Appraisal adjustments | (b) | (10) - (50)% | -35% | |||||||||||||
(a) Fair value is generally determined through independent third-party appraisals of the underlying collateral, which generally includes various Level 3 inputs which are not observable. | |||||||||||||||||||||
(b) Appraisals may be adjusted downward by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percentage of the appraisal. Higher downward adjustments are caused by negative changes to the collateral or conditions in the real estate market, actual offers or sales contracts received, and/or age of the appraisal. | |||||||||||||||||||||
The following information should not be interpreted as an estimate of the fair value of the entire Corporation since a fair value calculation is only provided for a limited portion of the Corporation’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Corporation’s disclosures and those of other companies may not be meaningful. The following methods and assumptions were used to estimate the fair values of certain Corporation financial instruments at September 30, 2014, and December 31, 2013: | |||||||||||||||||||||
Cash and Cash Equivalents (Carried at Cost) | |||||||||||||||||||||
The carrying amounts reported in the consolidated statement of condition for cash and short-term instruments approximate those assets’ fair value. U.S. currency is Level 1 and cash equivalents are Level 2. | |||||||||||||||||||||
Securities | |||||||||||||||||||||
The fair values of securities available for sale (carried at fair value) and held to maturity (carried at amortized cost) are determined by obtaining quoted market prices on nationally recognized securities exchanges (Level 1), or by matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific security but rather by relying on the security’s relationship to other benchmark quoted prices. The Corporation uses an independent service provider to provide matrix pricing, and uses the valuation of another provider to compare for reasonableness. | |||||||||||||||||||||
Loans Held for Sale (Carried at Lower of Cost or Fair Value) | |||||||||||||||||||||
The fair values of mortgage loans held for sale are determined based on amounts to be received at settlement by establishing the respective buyer requirement or market interest rates. | |||||||||||||||||||||
Loans (Carried at Cost) | |||||||||||||||||||||
The fair values of loans are estimated using discounted cash flow analyses, as well as using market rates at the balance sheet date that reflect the credit and interest rate risk inherent in the loans. Projected future cash flows are calculated based upon contractual maturity or call dates, projected repayments, and prepayments of principal. Generally, for variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. | |||||||||||||||||||||
Impaired Loans (Generally Carried at Fair Value) | |||||||||||||||||||||
Loans for which the Corporation has measured impairment are generally based on the fair value of the loan’s collateral. Fair value is generally determined based upon independent third-party appraisals of the properties, or discounted cash flows based upon the expected proceeds. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. The fair value consists of the loan balances less the valuation allowance and/or charge-offs. | |||||||||||||||||||||
Foreclosed Assets Held for Resale | |||||||||||||||||||||
The fair value of real estate acquired through foreclosure is based on independent third-party appraisals of the properties. These assets are included as Level 3 fair values, based upon appraisals that consider the sales prices of similar properties in the proximate vicinity. | |||||||||||||||||||||
It is the policy of the Corporation to have the initial market value of a foreclosed asset held for resale determined by an independent third-party valuation. If the Corporation already has a valid appraisal on file for the property and that appraisal has been completed within the previous 12 months, another appraisal shall not be required when the Corporation acquires ownership of that real estate. Further, the Corporation shall update the market value of each foreclosed asset with an independent third-party valuation at least every 18 months, or more frequently if management believes that there is an indication that the fair value has declined. These valuations may be adjusted downward to account for specialized use of the property, change in the condition of the real estate, change in local market and economic conditions, and other specific factors involving the collateral. | |||||||||||||||||||||
Restricted Investment in Bank Stock (Carried at Cost) | |||||||||||||||||||||
The carrying amount of required and restricted investment in correspondent bank stock approximates fair value, and considers the limited marketability of such securities. | |||||||||||||||||||||
Accrued Interest Receivable and Payable (Carried at Cost) | |||||||||||||||||||||
The carrying amounts of accrued interest receivable and accrued interest payable approximate their fair value. | |||||||||||||||||||||
Deposits (Carried at Cost) | |||||||||||||||||||||
The fair values disclosed for demand deposits (e.g., interest and non-interest checking, savings, and money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (e.g., their carrying amounts). Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies market interest rates currently being offered in the market on certificates to a schedule of aggregated expected monthly maturities on time deposits. | |||||||||||||||||||||
Short-Term Borrowings (Carried at Cost) | |||||||||||||||||||||
The carrying amounts of short-term borrowings approximate their fair values. | |||||||||||||||||||||
Long-Term Borrowings (Carried at Cost) | |||||||||||||||||||||
The fair values of Federal Home Loan Bank (FHLB) advances are estimated using discounted cash flow analysis, based on quoted prices for new FHLB advances with similar credit risk characteristics, terms, and remaining maturity. The prices obtained from this active market represent a market value that is deemed to represent the transfer price if the liability were assumed by a third party. | |||||||||||||||||||||
Off-Balance Sheet Credit-Related Instruments | |||||||||||||||||||||
The fair values for the Corporation’s off-balance sheet financial instruments (specifically, lending commitments and letters of credit) are based on fees currently charged in the market to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. | |||||||||||||||||||||
The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Corporation’s financial instruments as of September 30, 2014, and December 31, 2013: | |||||||||||||||||||||
September 30, 2014 | |||||||||||||||||||||
In thousands | Carrying Amount | Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and due from banks | $ | 14,338 | $ | 14,338 | $ | 6,361 | $ | 7,977 | $ | — | |||||||||||
Interest-bearing deposits in banks | 9,670 | 9,670 | 9,670 | — | — | ||||||||||||||||
Investment securities available for sale | 122,064 | 122,064 | 1,759 | 120,305 | — | ||||||||||||||||
Investment securities held to maturity | 75,407 | 74,338 | — | 74,338 | — | ||||||||||||||||
Loans held for sale | 1,482 | 1,482 | — | 1,482 | — | ||||||||||||||||
Loans, less allowance for loan losses | 750,920 | 762,293 | — | — | 762,293 | ||||||||||||||||
Accrued interest receivable | 2,888 | 2,888 | — | 2,888 | — | ||||||||||||||||
Restricted investment in bank stocks | 5,239 | 5,239 | — | 5,239 | — | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | 824,012 | 824,325 | — | 824,325 | — | ||||||||||||||||
Short-term borrowings | 53,824 | 53,824 | — | 53,824 | — | ||||||||||||||||
Long-term borrowings | 69,505 | 70,943 | — | 70,943 | — | ||||||||||||||||
Accrued interest payable | 380 | 380 | — | 380 | — | ||||||||||||||||
Off-balance sheet financial instruments | — | — | — | — | — | ||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
In thousands | Carrying Amount | Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and due from banks | $ | 13,963 | $ | 13,963 | $ | 7,755 | $ | 6,208 | $ | — | |||||||||||
Interest-bearing deposits in banks | 4,153 | 4,153 | 4,153 | — | — | ||||||||||||||||
Investment securities available for sale | 129,983 | 129,983 | 1,905 | 128,078 | — | ||||||||||||||||
Investment securities held to maturity | 94,373 | 92,082 | — | 92,082 | — | ||||||||||||||||
Loans held for sale | 496 | 496 | — | 496 | — | ||||||||||||||||
Loans, less allowance for loan losses | 712,557 | 724,937 | — | — | 724,937 | ||||||||||||||||
Accrued interest receivable | 3,027 | 3,027 | — | 3,027 | — | ||||||||||||||||
Restricted investment in bank stocks | 6,861 | 6,861 | — | 6,861 | — | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | 800,643 | 801,063 | — | 801,063 | — | ||||||||||||||||
Short-term borrowings | 49,052 | 49,052 | — | 49,052 | — | ||||||||||||||||
Long-term borrowings | 82,703 | 84,558 | — | 84,558 | — | ||||||||||||||||
Accrued interest payable | 681 | 681 | — | 681 | — | ||||||||||||||||
Off-balance sheet financial instruments | — | — | — | — | — | ||||||||||||||||
Securities_Sold_Under_Agreemen
Securities Sold Under Agreements to Repurchase ("Repurchase Agreements") | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Disclosure of Repurchase Agreements [Abstract] | ' | ||||||||||||||||||||||||
Securities Sold Under Agreements to Repurchase ("Repurchase Agreements") | ' | ||||||||||||||||||||||||
Securities Sold Under Agreements to Repurchase (Repurchase Agreements) | |||||||||||||||||||||||||
The Corporation enters into agreements under which it sells securities subject to an obligation to repurchase the same or similar securities. Under these arrangements, the Corporation may transfer legal control over the assets but still retain effective control through an agreement that both entitles and obligates the Corporation to repurchase the assets. As a result, these repurchase agreements are accounted for as collateralized financing agreements (i.e., secured borrowings) and not as a sale and subsequent repurchase of securities. The obligation to repurchase the securities is reflected as a liability in the Corporation’s consolidated statements of condition, while the securities underlying the repurchase agreements remain in the respective investment securities asset accounts. In other words, there is no offsetting or netting of the investment securities assets with the repurchase agreement liabilities. In addition, as the Corporation does not enter into reverse repurchase agreements, there is no such offsetting to be done with the repurchase agreements. | |||||||||||||||||||||||||
The right of setoff for a repurchase agreement resembles a secured borrowing, whereby the collateral would be used to settle the fair value of the repurchase agreement should the Corporation be in default (e.g., fails to make an interest payment to the counterparty). For private institution repurchase agreements, if the private institution counterparty were to default (e.g., declare bankruptcy), the Corporation could cancel the repurchase agreement (i.e., cease payment of principal and interest), and attempt collection on the amount of collateral value in excess of the repurchase agreement fair value. The collateral is held by a third-party financial institution in the counterparty’s custodial account. The counterparty has the right to sell or repledge the investment securities. For government entity repurchase agreements, the collateral is held by the Corporation in a segregated custodial account under a tri-party agreement. | |||||||||||||||||||||||||
The following table presents the short-term borrowings subject to an enforceable master netting arrangement or repurchase agreement as of September 30, 2014, and December 31, 2013: | |||||||||||||||||||||||||
Gross Amounts Not Offset in the Statements of Condition | |||||||||||||||||||||||||
In thousands | Gross Amounts of Recognized Liabilities | Gross Amounts Offset in the Statements of Condition | Net Amounts of Liabilities Presented in the Statements of Condition | Financial Instruments | Cash Collateral Pledged | Net Amount | |||||||||||||||||||
September 30, 2014 | |||||||||||||||||||||||||
Repurchase agreements | |||||||||||||||||||||||||
Commercial customers and government entities | (a) | $ | 53,824 | $ | — | $ | 53,824 | $ | (53,824 | ) | $ | — | $ | — | |||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Repurchase agreements | |||||||||||||||||||||||||
Commercial customers and government entities | (a) | $ | 42,252 | $ | — | $ | 42,252 | $ | (42,252 | ) | $ | — | $ | — | |||||||||||
(a) As of September 30, 2014, and December 31, 2013, the fair value of securities pledged in connection with repurchase agreements was $57,450,000 and $60,823,000, respectively. |
New_Accounting_Pronouncements
New Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2014 | |
New Accounting Pronouncement or Change in Accounting Principle, Current Period Disclosures [Abstract] | ' |
New Accounting Pronouncements | ' |
New Accounting Pronouncements | |
ASU 2014-01 | |
In January 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2014-01, Investments — Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects (a consensus of the FASB Emerging Issues Task Force). | |
The Low-Income Housing Tax Credit is a program designed to encourage investment of private capital for use in the construction and rehabilitation of low-income housing, which provides certain tax benefits to investors in those projects. The amendments in this Update permit a reporting entity that invests in qualified affordable housing projects to account for the investments using a proportional amortization method if certain conditions are met. If the Corporation elects the proportional amortization method, it will amortize the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognize the net investment performance in the income statement as a component of income tax expense. Otherwise, the Corporation would apply either the equity method or the cost method, as appropriate. | |
The amendments in this Update are effective for public business entities for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. If adopted, the amendments should be applied retrospectively to all periods presented. A reporting entity that uses the effective yield method to account for its investments in qualified affordable housing projects before the date of adoption may continue to apply the effective yield method for those preexisting investments. | |
The Corporation is evaluating the effects this Update will have on its consolidated financial condition or results of operations. | |
ASU 2014-04 | |
In January 2014, the FASB issued ASU 2014-04, Receivables — Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force). | |
The Update clarifies that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. | |
The amendments in this Update are effective for public business entities for annual periods and interim periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. If adopted, an entity can elect to adopt the amendments in this Update using either a modified retrospective transition method or a prospective transition method. | |
The Corporation is evaluating the effects this Update will have on its consolidated financial condition or results of operations. | |
ASU 2014-09 | |
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). | |
The amendments in this Update establish a comprehensive revenue recognition standard for virtually all industries under U.S. GAAP, including those that previously followed industry-specific guidance such as the real estate, construction and software industries. The revenue standard’s core principle is built on the contract between a vendor and a customer for the provision of goods and services. It attempts to depict the exchange of rights and obligations between the parties in the pattern of revenue recognition based on the consideration to which the vendor is entitled. To accomplish this objective, the standard requires five basic steps: i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. | |
The amendments in this Update are effective for public entities for annual periods beginning after December 15, 2016, including interim periods therein. Three basic transition methods are available - full retrospective, retrospective with certain practical expedients, and a cumulative effect approach. Under the third alternative, an entity would apply the new revenue standard only to contracts that are incomplete under legacy U.S. GAAP at the date of initial application (e.g. January 1, 2017) and recognize the cumulative effect of the new standard as an adjustment to the opening balance of retained earnings. That is, prior years would not be restated and additional disclosures would be required to enable users of the financial statements to understand the impact of adopting the new standard in the current year compared to prior years that are presented under legacy U.S. GAAP. Early adoption is prohibited under U.S. GAAP. | |
The Corporation is evaluating the effects this Update will have on its consolidated financial condition or results of operations. | |
ASU 2014-11 | |
In June 2014, the FASB issued ASU 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. | |
The amendments in this Update require two accounting changes. First, repurchase-to-maturity transactions will be accounted for as secured borrowing transactions on the balance sheet, rather than sales. Second, for repurchase financing arrangements, the amendments require separate accounting for a transfer of a financial asset executed contemporaneously with (or in contemplation of) a repurchase agreement with the same counterparty, which also will generally result in secured borrowing accounting for the repurchase agreement. The ASU introduces new disclosures to increase transparency about the types of collateral pledged for repurchase agreements, securities lending transactions, and repurchase-to-maturity transactions that are accounted for as secured borrowings. The ASU also requires a transferor to disclose information about transactions accounted for as a sale in which the transferor retains substantially all of the exposure to the economic return on the transferred financial assets through an agreement with the transferee. | |
For public business entities, the accounting changes and disclosure for certain transactions accounted for as a sale are effective for the first interim or annual period beginning after December 15, 2014. The disclosure for transactions accounted for as secured borrowings is required for annual periods beginning after December 15, 2014, and for interim periods beginning after March 15, 2015. All entities are required to present changes in accounting for transactions outstanding on the effective date as a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. Earlier application for a public business entity is prohibited. The disclosures are not required to be presented for comparative periods before the effective date. | |
The Corporation is evaluating the effects this Update will have on its consolidated financial condition or results of operations. | |
ASU 2014-14 | |
In August 2014, the FASB issued ASU 2014-14, Receivables — Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force). | |
The amendments in this Update address a practice issue related to the classification of certain foreclosed residential and nonresidential mortgage loans that are either fully or partially guaranteed under government programs. Specifically, creditors should reclassify loans that meet certain conditions to “other receivables” upon foreclosure, rather than reclassifying them to other real estate owned (OREO). The separate other receivable recorded upon foreclosure is to be measured based on the amount of the loan balance (principal and interest) the creditor expects to recover from the guarantor. | |
The ASU is effective for public business entities for annual periods and interim periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted, if the entity has already adopted ASU 2014-04, Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. Transition methods include a prospective method and a modified retrospective method; however, entities must apply the same transition method as elected under ASU 2014-04. | |
The Corporation is evaluating the effects this Update will have on its consolidated financial condition or results of operations. |
Retirement_Benefits_Tables
Retirement Benefits (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Postemployment Benefits [Abstract] | ' | ||||||||||||||||
Components Of Net Periodic Benefit Costs (Income) [Table Text Block] | ' | ||||||||||||||||
The components of net periodic benefit (income) cost related to the non-contributory, defined benefit pension plan for the three and nine month periods ended September 30 were as follows: | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
In thousands | 2014 | 2013 | 2014 | 2013 | |||||||||||||
Service cost | $ | 172 | $ | 194 | $ | 516 | $ | 582 | |||||||||
Interest cost | 259 | 223 | 777 | 669 | |||||||||||||
Expected return on plan assets | (578 | ) | (489 | ) | (1,734 | ) | (1,467 | ) | |||||||||
Amortization of net loss | 5 | 163 | 16 | 489 | |||||||||||||
Amortization of prior service cost | 10 | 10 | 30 | 30 | |||||||||||||
Net Periodic Benefit (Income) Cost | $ | (132 | ) | $ | 101 | $ | (395 | ) | $ | 303 | |||||||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||
Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||
The components of accumulated other comprehensive income (loss), net of taxes, are as follows: | |||||||||||||
In thousands | Unrealized | Pension | Accumulated Other | ||||||||||
Gains on | Liability | Comprehensive | |||||||||||
Securities | Income (Loss) | ||||||||||||
BALANCE — SEPTEMBER 30, 2014 | $ | 2,658 | $ | (2,435 | ) | $ | 223 | ||||||
BALANCE — DECEMBER 31, 2013 | $ | 2,572 | $ | (2,466 | ) | $ | 106 | ||||||
BALANCE — SEPTEMBER 30, 2013 | $ | 3,019 | $ | (5,483 | ) | $ | (2,464 | ) | |||||
Segment_Reporting_Tables
Segment Reporting (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||
Segment Information [Table Text Block] | ' | ||||||||||||
Segment information for the nine month periods ended September 30, 2014 and 2013, is as follows: | |||||||||||||
In thousands | Banking | Insurance | Total | ||||||||||
2014 | |||||||||||||
Net interest income and other income from external customers | $ | 30,370 | $ | 3,856 | $ | 34,226 | |||||||
Income before income taxes | 9,566 | 629 | 10,195 | ||||||||||
Total assets | 1,058,774 | 8,757 | 1,067,531 | ||||||||||
Capital expenditures | 1,924 | — | 1,924 | ||||||||||
2013 | |||||||||||||
Net interest income and other income from external customers | $ | 30,786 | $ | 3,302 | $ | 34,088 | |||||||
Income before income taxes | 8,470 | 499 | 8,969 | ||||||||||
Total assets | 1,024,946 | 9,584 | 1,034,530 | ||||||||||
Capital expenditures | 1,426 | 7 | 1,433 | ||||||||||
Segment information for the three month periods ended September 30, 2014 and 2013, is as follows: | |||||||||||||
In thousands | Banking | Insurance | Total | ||||||||||
2014 | |||||||||||||
Net interest income and other income from external customers | $ | 10,141 | $ | 1,254 | $ | 11,395 | |||||||
Income before income taxes | 3,269 | 147 | 3,416 | ||||||||||
Total assets | 1,058,774 | 8,757 | 1,067,531 | ||||||||||
Capital expenditures | 918 | — | 918 | ||||||||||
2013 | |||||||||||||
Net interest income and other income from external customers | $ | 10,343 | $ | 788 | $ | 11,131 | |||||||
Income before income taxes | 2,813 | 122 | 2,935 | ||||||||||
Total assets | 1,024,946 | 9,584 | 1,034,530 | ||||||||||
Capital expenditures | 734 | — | 734 | ||||||||||
Securities_Tables
Securities (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Unrealized Gain (Loss) on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
Amortized cost and fair value of securities at September 30, 2014, and December 31, 2013, were as follows: | |||||||||||||||||||||||||
In thousands | Amortized | Gross | Gross | Fair | |||||||||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||||||||||
Gains | Losses | ||||||||||||||||||||||||
SECURITIES AVAILABLE FOR SALE | |||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||
U.S. Government and agencies | $ | 19,007 | $ | 399 | $ | — | $ | 19,406 | |||||||||||||||||
Mortgage-backed securities, residential | 49,762 | 2,137 | 16 | 51,883 | |||||||||||||||||||||
State and municipal | 37,599 | 1,300 | 17 | 38,882 | |||||||||||||||||||||
Corporate bonds | 10,002 | 132 | — | 10,134 | |||||||||||||||||||||
CRA mutual fund | 1,044 | 5 | — | 1,049 | |||||||||||||||||||||
Stock in other banks | 627 | 83 | — | 710 | |||||||||||||||||||||
$ | 118,041 | $ | 4,056 | $ | 33 | $ | 122,064 | ||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
U.S. Government and agencies | $ | 21,094 | $ | 557 | $ | — | $ | 21,651 | |||||||||||||||||
Mortgage-backed securities, residential | 51,541 | 2,322 | 123 | 53,740 | |||||||||||||||||||||
State and municipal | 40,780 | 1,117 | 375 | 41,522 | |||||||||||||||||||||
Corporate bonds | 11,004 | 192 | 31 | 11,165 | |||||||||||||||||||||
CRA mutual fund | 1,044 | — | 11 | 1,033 | |||||||||||||||||||||
Stock in other banks | 627 | 245 | — | 872 | |||||||||||||||||||||
$ | 126,090 | $ | 4,433 | $ | 540 | $ | 129,983 | ||||||||||||||||||
SECURITIES HELD TO MATURITY | |||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||
U.S. Government and agencies | $ | 24,502 | $ | — | $ | 460 | $ | 24,042 | |||||||||||||||||
Mortgage-backed securities, residential | 50,905 | 100 | 709 | 50,296 | |||||||||||||||||||||
$ | 75,407 | $ | 100 | $ | 1,169 | $ | 74,338 | ||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
U.S. Government and agencies | $ | 37,528 | $ | 142 | $ | 923 | $ | 36,747 | |||||||||||||||||
Mortgage-backed securities, residential | 56,845 | 40 | 1,550 | 55,335 | |||||||||||||||||||||
$ | 94,373 | $ | 182 | $ | 2,473 | $ | 92,082 | ||||||||||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
The following table shows the Corporation’s investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at September 30, 2014, and December 31, 2013: | |||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
In thousands | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
SECURITIES AVAILABLE FOR SALE | |||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||
Mortgage-backed securities, residential | $ | 3,790 | $ | 11 | $ | 792 | $ | 5 | $ | 4,582 | $ | 16 | |||||||||||||
State and municipal | — | — | 2,454 | 17 | 2,454 | 17 | |||||||||||||||||||
$ | 3,790 | $ | 11 | $ | 3,246 | $ | 22 | $ | 7,036 | $ | 33 | ||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
Mortgage-backed securities, residential | $ | 6,944 | $ | 123 | $ | — | $ | — | $ | 6,944 | $ | 123 | |||||||||||||
State and municipal | 11,107 | 340 | 1,070 | 35 | 12,177 | 375 | |||||||||||||||||||
Corporate bond | 4,969 | 31 | — | — | 4,969 | 31 | |||||||||||||||||||
CRA mutual fund | 1,033 | 11 | — | — | 1,033 | 11 | |||||||||||||||||||
$ | 24,053 | $ | 505 | $ | 1,070 | $ | 35 | $ | 25,123 | $ | 540 | ||||||||||||||
SECURITIES HELD TO MATURITY | |||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||
U.S. Government and agencies | $ | — | $ | — | $ | 24,042 | $ | 460 | $ | 24,042 | $ | 460 | |||||||||||||
Mortgage-backed securities, residential | 10,133 | 32 | 24,963 | 677 | 35,096 | 709 | |||||||||||||||||||
$ | 10,133 | $ | 32 | $ | 49,005 | $ | 1,137 | $ | 59,138 | $ | 1,169 | ||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
U.S. Government and agencies | $ | 22,710 | $ | 812 | $ | 2,889 | $ | 111 | $ | 25,599 | $ | 923 | |||||||||||||
Mortgage-backed security, residential | 45,891 | 1,446 | 1,755 | 104 | 47,646 | 1,550 | |||||||||||||||||||
$ | 68,601 | $ | 2,258 | $ | 4,644 | $ | 215 | $ | 73,245 | $ | 2,473 | ||||||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] | ' | ||||||||||||||||||||||||
Amortized cost and fair value at September 30, 2014, by contractual maturity, where applicable, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay with or without penalties. | |||||||||||||||||||||||||
Available for Sale | Held to Maturity | ||||||||||||||||||||||||
In thousands | Amortized | Fair | Amortized | Fair | |||||||||||||||||||||
Cost | Value | Cost | Value | ||||||||||||||||||||||
1 year or less | $ | 9,549 | $ | 9,671 | $ | — | $ | — | |||||||||||||||||
Over 1 year through 5 years | 29,593 | 30,650 | 17,049 | 16,779 | |||||||||||||||||||||
Over 5 years through 10 years | 25,250 | 25,793 | 7,453 | 7,263 | |||||||||||||||||||||
Over 10 years | 2,216 | 2,308 | — | — | |||||||||||||||||||||
Mortgage-backed securities, residential | 49,762 | 51,883 | 50,905 | 50,296 | |||||||||||||||||||||
CRA mutual fund | 1,044 | 1,049 | — | — | |||||||||||||||||||||
Stock in other banks | 627 | 710 | — | — | |||||||||||||||||||||
$ | 118,041 | $ | 122,064 | $ | 75,407 | $ | 74,338 | ||||||||||||||||||
Loans_Tables
Loans (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] | ' | ||||||||||||||||||||||||||||||||
Classes Of The Loan Portfolio Summarized By The Aggregate Risk Rating [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
The following table presents the classes of the loan portfolio summarized by the aggregate pass rating and the classified ratings of special mention, substandard, and doubtful within the Corporation’s internal risk rating system as of September 30, 2014, and December 31, 2013: | |||||||||||||||||||||||||||||||||
In thousands | Pass | Special | Substandard | Doubtful | Total | ||||||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 59,818 | $ | 2,364 | $ | 3,723 | $ | — | $ | 65,905 | |||||||||||||||||||||||
Commercial real estate | 221,647 | 27,465 | 15,501 | — | 264,613 | ||||||||||||||||||||||||||||
Commercial real estate construction | 7,675 | 3,360 | 582 | — | 11,617 | ||||||||||||||||||||||||||||
Residential mortgage | 348,149 | 4,571 | 2,055 | — | 354,775 | ||||||||||||||||||||||||||||
Home equity lines of credit | 53,190 | 777 | 35 | — | 54,002 | ||||||||||||||||||||||||||||
Consumer | 15,429 | — | — | — | 15,429 | ||||||||||||||||||||||||||||
$ | 705,908 | $ | 38,537 | $ | 21,896 | $ | — | $ | 766,341 | ||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 53,316 | $ | 2,364 | $ | 3,537 | $ | — | $ | 59,217 | |||||||||||||||||||||||
Commercial real estate | 193,162 | 29,655 | 16,369 | — | 239,186 | ||||||||||||||||||||||||||||
Commercial real estate construction | 5,123 | 5,018 | 1,055 | — | 11,196 | ||||||||||||||||||||||||||||
Residential mortgage | 344,847 | 2,551 | 3,611 | — | 351,009 | ||||||||||||||||||||||||||||
Home equity lines of credit | 53,021 | 608 | 223 | — | 53,852 | ||||||||||||||||||||||||||||
Consumer | 14,188 | — | — | — | 14,188 | ||||||||||||||||||||||||||||
$ | 663,657 | $ | 40,196 | $ | 24,795 | $ | — | $ | 728,648 | ||||||||||||||||||||||||
Impaired Loans By Loan Portfolio Class [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
The following table summarizes information relative to impaired loans by loan portfolio class as of September 30, 2014, and December 31, 2013: | |||||||||||||||||||||||||||||||||
Impaired Loans with Allowance | Impaired Loans with | ||||||||||||||||||||||||||||||||
No Allowance | |||||||||||||||||||||||||||||||||
In thousands | Recorded | Unpaid | Related | Recorded | Unpaid | ||||||||||||||||||||||||||||
Investment | Principal | Allowance | Investment | Principal | |||||||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | — | $ | — | $ | — | $ | 1,785 | $ | 2,900 | |||||||||||||||||||||||
Commercial real estate | — | — | — | 10,472 | 10,671 | ||||||||||||||||||||||||||||
Commercial real estate construction | — | — | — | 368 | 642 | ||||||||||||||||||||||||||||
Residential mortgage | 238 | 275 | 42 | 830 | 1,056 | ||||||||||||||||||||||||||||
$ | 238 | $ | 275 | $ | 42 | $ | 13,455 | $ | 15,269 | ||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | — | $ | — | $ | — | $ | 1,574 | $ | 2,688 | |||||||||||||||||||||||
Commercial real estate | — | — | — | 11,197 | 11,758 | ||||||||||||||||||||||||||||
Commercial real estate construction | — | — | — | 788 | 1,062 | ||||||||||||||||||||||||||||
Residential mortgage | 1,478 | 1,478 | 201 | 675 | 712 | ||||||||||||||||||||||||||||
$ | 1,478 | $ | 1,478 | $ | 201 | $ | 14,234 | $ | 16,220 | ||||||||||||||||||||||||
Average Of Impaired Loans And Related Interest Income By Loan Portfolio Class [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
The following table summarizes information in regards to the average of impaired loans and related interest income by loan portfolio class for the three months ended September 30, 2014 and 2013: | |||||||||||||||||||||||||||||||||
Impaired Loans with | Impaired Loans with | ||||||||||||||||||||||||||||||||
Allowance | No Allowance | ||||||||||||||||||||||||||||||||
In thousands | Average | Interest | Average | Interest | |||||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | — | $ | — | $ | 1,048 | $ | 2 | |||||||||||||||||||||||||
Commercial real estate | — | — | 10,468 | 58 | |||||||||||||||||||||||||||||
Commercial real estate construction | — | — | 539 | — | |||||||||||||||||||||||||||||
Residential mortgage | 601 | — | 578 | 4 | |||||||||||||||||||||||||||||
$ | 601 | $ | — | $ | 12,633 | $ | 64 | ||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | — | $ | — | $ | 183 | $ | — | |||||||||||||||||||||||||
Commercial real estate | 228 | — | 11,997 | 107 | |||||||||||||||||||||||||||||
Commercial real estate construction | 4,168 | 34 | 788 | — | |||||||||||||||||||||||||||||
Residential mortgage | 1,170 | — | 999 | 2 | |||||||||||||||||||||||||||||
$ | 5,566 | $ | 34 | $ | 13,967 | $ | 109 | ||||||||||||||||||||||||||
The following table summarizes information in regards to the average of impaired loans and related interest income by loan portfolio class for the nine months ended September 30, 2014 and 2013: | |||||||||||||||||||||||||||||||||
Impaired Loans with | Impaired Loans with | ||||||||||||||||||||||||||||||||
Allowance | No Allowance | ||||||||||||||||||||||||||||||||
In thousands | Average | Interest | Average | Interest | |||||||||||||||||||||||||||||
Recorded | Income | Recorded | Income | ||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | — | $ | — | $ | 1,256 | $ | 2 | |||||||||||||||||||||||||
Commercial real estate | 180 | — | 10,475 | 388 | |||||||||||||||||||||||||||||
Commercial real estate construction | — | — | 663 | — | |||||||||||||||||||||||||||||
Residential mortgage | 1,111 | 9 | 513 | 12 | |||||||||||||||||||||||||||||
$ | 1,291 | $ | 9 | $ | 12,907 | $ | 402 | ||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 73 | $ | — | $ | 189 | $ | — | |||||||||||||||||||||||||
Commercial real estate | 232 | — | 11,133 | 466 | |||||||||||||||||||||||||||||
Commercial real estate construction | 3,430 | 169 | 821 | — | |||||||||||||||||||||||||||||
Residential mortgage | 935 | — | 967 | 8 | |||||||||||||||||||||||||||||
$ | 4,670 | $ | 169 | $ | 13,110 | $ | 474 | ||||||||||||||||||||||||||
Nonaccrual Loans By Classes Of The Loan Portfolio [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
The following table presents nonaccrual loans by loan portfolio class as of September 30, 2014, and December 31, 2013: | |||||||||||||||||||||||||||||||||
In thousands | 30-Sep-14 | 31-Dec-13 | |||||||||||||||||||||||||||||||
Commercial and industrial | $ | 1,785 | $ | 1,574 | |||||||||||||||||||||||||||||
Commercial real estate | 3,757 | 4,363 | |||||||||||||||||||||||||||||||
Commercial real estate construction | 368 | 788 | |||||||||||||||||||||||||||||||
Residential mortgage | 772 | 1,848 | |||||||||||||||||||||||||||||||
$ | 6,682 | $ | 8,573 | ||||||||||||||||||||||||||||||
Troubled Debt Restructurings [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
The following table summarizes information relative to troubled debt restructurings by loan portfolio class as of September 30, 2014, and December 31, 2013: | |||||||||||||||||||||||||||||||||
In thousands | Pre-Modification | Post-Modification | Recorded | ||||||||||||||||||||||||||||||
Outstanding Recorded Investment | Outstanding Recorded Investment | Investment at Period End | |||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||
Nonaccruing troubled debt restructurings: | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 490 | $ | 485 | $ | 68 | |||||||||||||||||||||||||||
Commercial real estate | 1,021 | 1,021 | 569 | ||||||||||||||||||||||||||||||
Commercial real estate construction | 1,548 | 1,541 | 274 | ||||||||||||||||||||||||||||||
Total nonaccruing troubled debt restructurings | 3,059 | 3,047 | 911 | ||||||||||||||||||||||||||||||
Accruing troubled debt restructurings: | |||||||||||||||||||||||||||||||||
Commercial real estate | 7,118 | 7,170 | 6,715 | ||||||||||||||||||||||||||||||
Residential mortgage | 336 | 336 | 296 | ||||||||||||||||||||||||||||||
Total accruing troubled debt restructurings | 7,454 | 7,506 | 7,011 | ||||||||||||||||||||||||||||||
Total Troubled Debt Restructurings | $ | 10,513 | $ | 10,553 | $ | 7,922 | |||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||
Nonaccruing troubled debt restructurings: | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 490 | $ | 485 | $ | 142 | |||||||||||||||||||||||||||
Commercial real estate | 1,021 | 1,021 | 634 | ||||||||||||||||||||||||||||||
Commercial real estate construction | 1,548 | 1,541 | 694 | ||||||||||||||||||||||||||||||
Residential mortgage | 566 | 566 | 566 | ||||||||||||||||||||||||||||||
Total nonaccruing troubled debt restructurings | 3,625 | 3,613 | 2,036 | ||||||||||||||||||||||||||||||
Accruing troubled debt restructurings: | |||||||||||||||||||||||||||||||||
Commercial real estate | 7,118 | 7,170 | 6,834 | ||||||||||||||||||||||||||||||
Residential mortgage | 336 | 336 | 305 | ||||||||||||||||||||||||||||||
Total accruing troubled debt restructurings | 7,454 | 7,506 | 7,139 | ||||||||||||||||||||||||||||||
Total Troubled Debt Restructurings | $ | 11,079 | $ | 11,119 | $ | 9,175 | |||||||||||||||||||||||||||
Troubled Debt Restructurings Modified In Current Period [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
The following table summarizes loans whose terms have been modified resulting in troubled debt restructurings during the three and nine months ended September 30, 2014 and 2013: | |||||||||||||||||||||||||||||||||
Dollars in thousands | Number of Contracts | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Recorded Investment at Period End | |||||||||||||||||||||||||||||
THREE MONTHS ENDED SEPTEMBER 30, 2014 | |||||||||||||||||||||||||||||||||
Troubled debt restructurings | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||||
NINE MONTHS ENDED SEPTEMBER 30, 2014 | |||||||||||||||||||||||||||||||||
Troubled debt restructurings | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||||
THREE MONTHS ENDED SEPTEMBER 30, 2013 | |||||||||||||||||||||||||||||||||
Troubled debt restructurings | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||||
NINE MONTHS ENDED SEPTEMBER 30, 2013 | |||||||||||||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||||||||||
Commercial real estate | 1 | $ | 2,541 | $ | 2,593 | $ | 2,559 | ||||||||||||||||||||||||||
Loan Portfolio Summarized By The Past Due Status [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
The following table presents the classes of the loan portfolio summarized by the past due status as of September 30, 2014, and December 31, 2013: | |||||||||||||||||||||||||||||||||
In thousands | 30-59 Days | 60-89 Days | >90 Days | Total Past | Current | Total Loans | Loans | ||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Due | Receivable | Receivable | ||||||||||||||||||||||||||||
>90 Days | |||||||||||||||||||||||||||||||||
and | |||||||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 17 | $ | — | $ | 1,785 | $ | 1,802 | $ | 64,103 | $ | 65,905 | $ | — | |||||||||||||||||||
Commercial real estate | 564 | 1,328 | 2,036 | 3,928 | 260,685 | 264,613 | 33 | ||||||||||||||||||||||||||
Commercial real estate construction | — | — | 368 | 368 | 11,249 | 11,617 | — | ||||||||||||||||||||||||||
Residential mortgage | 306 | 1,007 | 2,578 | 3,891 | 350,884 | 354,775 | 1,832 | ||||||||||||||||||||||||||
Home equity lines of credit | 214 | — | 100 | 314 | 53,688 | 54,002 | 100 | ||||||||||||||||||||||||||
Consumer | 20 | — | 2 | 22 | 15,407 | 15,429 | 2 | ||||||||||||||||||||||||||
$ | 1,121 | $ | 2,335 | $ | 6,869 | $ | 10,325 | $ | 756,016 | $ | 766,341 | $ | 1,967 | ||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||
Commercial and industrial | $ | 55 | $ | 13 | $ | 152 | $ | 220 | $ | 58,997 | $ | 59,217 | $ | 3 | |||||||||||||||||||
Commercial real estate | 857 | 552 | 1,964 | 3,373 | 235,813 | 239,186 | — | ||||||||||||||||||||||||||
Commercial real estate construction | — | — | 788 | 788 | 10,408 | 11,196 | — | ||||||||||||||||||||||||||
Residential mortgage | 4,728 | 795 | 3,148 | 8,671 | 342,338 | 351,009 | 1,900 | ||||||||||||||||||||||||||
Home equity lines of credit | 260 | 36 | 14 | 310 | 53,542 | 53,852 | 14 | ||||||||||||||||||||||||||
Consumer | 22 | 15 | 9 | 46 | 14,142 | 14,188 | 9 | ||||||||||||||||||||||||||
$ | 5,922 | $ | 1,411 | $ | 6,075 | $ | 13,408 | $ | 715,240 | $ | 728,648 | $ | 1,926 | ||||||||||||||||||||
Allowance For Loan Losses And Recorded Investment In Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
The following tables summarize the allowance for loan losses and recorded investment in loans receivable: | |||||||||||||||||||||||||||||||||
In thousands | Commercial | Commercial | Commercial | Residential | Home Equity | Consumer | Unallocated | Total | |||||||||||||||||||||||||
and | Real Estate | Real Estate | Mortgage | Lines of | |||||||||||||||||||||||||||||
Industrial | Construction | Credit | |||||||||||||||||||||||||||||||
AS OF AND FOR THE PERIOD ENDED SEPTEMBER 30, 2014 | |||||||||||||||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||||||||||
Beginning balance - July 1, 2014 | $ | 1,964 | $ | 5,462 | $ | 225 | $ | 3,929 | $ | 529 | $ | 998 | $ | 2,656 | $ | 15,763 | |||||||||||||||||
Charge-offs | (31 | ) | — | — | (362 | ) | — | (5 | ) | — | (398 | ) | |||||||||||||||||||||
Recoveries | 2 | — | — | 51 | — | 3 | — | 56 | |||||||||||||||||||||||||
Provisions | (4 | ) | 210 | 2 | 165 | 6 | (2 | ) | (377 | ) | — | ||||||||||||||||||||||
Ending balance - September 30, 2014 | $ | 1,931 | $ | 5,672 | $ | 227 | $ | 3,783 | $ | 535 | $ | 994 | $ | 2,279 | $ | 15,421 | |||||||||||||||||
Beginning balance - January 1, 2014 | $ | 1,915 | $ | 5,819 | $ | 247 | $ | 4,013 | $ | 537 | $ | 947 | $ | 2,613 | $ | 16,091 | |||||||||||||||||
Charge-offs | (88 | ) | (111 | ) | — | (535 | ) | (121 | ) | (45 | ) | — | (900 | ) | |||||||||||||||||||
Recoveries | 14 | — | — | 58 | — | 8 | — | 80 | |||||||||||||||||||||||||
Provisions | 90 | (36 | ) | (20 | ) | 247 | 119 | 84 | (334 | ) | 150 | ||||||||||||||||||||||
Ending balance - September 30, 2014 | $ | 1,931 | $ | 5,672 | $ | 227 | $ | 3,783 | $ | 535 | $ | 994 | $ | 2,279 | $ | 15,421 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | — | $ | — | $ | — | $ | 42 | $ | — | $ | — | $ | — | $ | 42 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 1,931 | $ | 5,672 | $ | 227 | $ | 3,741 | $ | 535 | $ | 994 | $ | 2,279 | $ | 15,379 | |||||||||||||||||
Loans Receivable | |||||||||||||||||||||||||||||||||
Ending balance | $ | 65,905 | $ | 264,613 | $ | 11,617 | $ | 354,775 | $ | 54,002 | $ | 15,429 | $ | — | $ | 766,341 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 1,785 | $ | 10,472 | $ | 368 | $ | 1,068 | $ | — | $ | — | $ | — | $ | 13,693 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 64,120 | $ | 254,141 | $ | 11,249 | $ | 353,707 | $ | 54,002 | $ | 15,429 | $ | — | $ | 752,648 | |||||||||||||||||
AS OF AND FOR THE PERIOD ENDED SEPTEMBER 30, 2013 | |||||||||||||||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||||||||||
Beginning Balance - July 1, 2013 | $ | 1,470 | $ | 5,852 | $ | 1,542 | $ | 4,149 | $ | 531 | $ | 826 | $ | 2,869 | $ | 17,239 | |||||||||||||||||
Charge-offs | (41 | ) | (396 | ) | — | (133 | ) | — | (29 | ) | — | (599 | ) | ||||||||||||||||||||
Recoveries | 5 | — | — | 1 | — | 1 | — | 7 | |||||||||||||||||||||||||
Provisions | 346 | 934 | (462 | ) | 87 | 7 | 85 | (847 | ) | 150 | |||||||||||||||||||||||
Ending balance - September 30, 2013 | $ | 1,780 | $ | 6,390 | $ | 1,080 | $ | 4,104 | $ | 538 | $ | 883 | $ | 2,022 | $ | 16,797 | |||||||||||||||||
Beginning Balance - January 1, 2013 | $ | 1,507 | $ | 6,576 | $ | 518 | $ | 3,721 | $ | 517 | $ | 633 | $ | 3,353 | $ | 16,825 | |||||||||||||||||
Charge-offs | (133 | ) | (540 | ) | — | (729 | ) | — | (158 | ) | — | (1,560 | ) | ||||||||||||||||||||
Recoveries | 226 | — | — | 2 | — | 4 | — | 232 | |||||||||||||||||||||||||
Provisions | 180 | 354 | 562 | 1,110 | 21 | 404 | (1,331 | ) | 1,300 | ||||||||||||||||||||||||
Ending balance - September 30, 2013 | $ | 1,780 | $ | 6,390 | $ | 1,080 | $ | 4,104 | $ | 538 | $ | 883 | $ | 2,022 | $ | 16,797 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | — | $ | 455 | $ | 906 | $ | 404 | $ | — | $ | — | $ | — | $ | 1,765 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 1,780 | $ | 5,935 | $ | 174 | $ | 3,700 | $ | 538 | $ | 883 | $ | 2,022 | $ | 15,032 | |||||||||||||||||
Loans Receivable | |||||||||||||||||||||||||||||||||
Ending balance | $ | 54,850 | $ | 239,326 | $ | 12,683 | $ | 343,388 | $ | 53,462 | $ | 14,339 | $ | — | $ | 718,048 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 179 | $ | 11,862 | $ | 4,599 | $ | 2,214 | $ | — | $ | — | $ | — | $ | 18,854 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 54,671 | $ | 227,464 | $ | 8,084 | $ | 341,174 | $ | 53,462 | $ | 14,339 | $ | — | $ | 699,194 | |||||||||||||||||
In thousands | Commercial | Commercial | Commercial | Residential | Home Equity | Consumer | Unallocated | Total | |||||||||||||||||||||||||
and | Real Estate | Real Estate | Mortgage | Lines of | |||||||||||||||||||||||||||||
Industrial | Construction | Credit | |||||||||||||||||||||||||||||||
AS OF DECEMBER 31, 2013 | |||||||||||||||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||||||||||
Ending balance | $ | 1,915 | $ | 5,819 | $ | 247 | $ | 4,013 | $ | 537 | $ | 947 | $ | 2,613 | $ | 16,091 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | — | $ | — | $ | — | $ | 201 | $ | — | $ | — | $ | — | $ | 201 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 1,915 | $ | 5,819 | $ | 247 | $ | 3,812 | $ | 537 | $ | 947 | $ | 2,613 | $ | 15,890 | |||||||||||||||||
Loans Receivable | |||||||||||||||||||||||||||||||||
Ending balance | $ | 59,217 | $ | 239,186 | $ | 11,196 | $ | 351,009 | $ | 53,852 | $ | 14,188 | $ | — | $ | 728,648 | |||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 1,574 | $ | 11,197 | $ | 788 | $ | 2,153 | $ | — | $ | — | $ | — | $ | 15,712 | |||||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 57,643 | $ | 227,989 | $ | 10,408 | $ | 348,856 | $ | 53,852 | $ | 14,188 | $ | — | $ | 712,936 | |||||||||||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] | ' | ||||||||||||||||||||
For assets measured at fair value, the fair value measurements by level within the fair value hierarchy, and the basis of measurement used, at September 30, 2014, and December 31, 2013, are as follows: | |||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||
In thousands | Basis | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||
U.S. Government and agencies | $ | 19,406 | $ | — | $ | 19,406 | $ | — | |||||||||||||
Mortgage-backed securities, residential | 51,883 | — | 51,883 | — | |||||||||||||||||
State and municipal | 38,882 | — | 38,882 | — | |||||||||||||||||
Corporate bonds | 10,134 | — | 10,134 | — | |||||||||||||||||
CRA mutual fund | 1,049 | 1,049 | — | — | |||||||||||||||||
Stock in other banks | 710 | 710 | — | — | |||||||||||||||||
Total securities available for sale | Recurring | $ | 122,064 | $ | 1,759 | $ | 120,305 | $ | — | ||||||||||||
Impaired loans | Nonrecurring | $ | 5,385 | $ | — | $ | — | $ | 5,385 | ||||||||||||
Foreclosed assets held for resale | Nonrecurring | $ | 171 | $ | — | $ | — | $ | 171 | ||||||||||||
31-Dec-13 | |||||||||||||||||||||
In thousands | Basis | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||
U.S. Government and agencies | $ | 21,651 | $ | — | $ | 21,651 | $ | — | |||||||||||||
Mortgage-backed securities, residential | 53,740 | — | 53,740 | — | |||||||||||||||||
State and municipal | 41,522 | — | 41,522 | — | |||||||||||||||||
Corporate bonds | 11,165 | — | 11,165 | — | |||||||||||||||||
CRA mutual fund | 1,033 | 1,033 | — | — | |||||||||||||||||
Stock in other banks | 872 | 872 | — | — | |||||||||||||||||
Total securities available for sale | Recurring | $ | 129,983 | $ | 1,905 | $ | 128,078 | $ | — | ||||||||||||
Impaired loans | Nonrecurring | $ | 6,887 | $ | — | $ | — | $ | 6,887 | ||||||||||||
Foreclosed assets held for resale | Nonrecurring | $ | 413 | $ | — | $ | — | $ | 413 | ||||||||||||
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | ' | ||||||||||||||||||||
The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis for which the Corporation has utilized Level 3 inputs to determine fair value: | |||||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
Dollars in thousands | Fair Value Estimate | Valuation Technique | Unobservable Input | Range | Weighted Average | ||||||||||||||||
September 30, 2014 | |||||||||||||||||||||
Impaired loans | $ | 5,385 | Appraisal of collateral | (a) | Appraisal adjustments | (b) | (10) - (50)% | -19% | |||||||||||||
Foreclosed assets held for resale | $ | 171 | Appraisal of collateral | (a) | Appraisal adjustments | (b) | (10) - (50)% | -18% | |||||||||||||
December 31, 2013 | |||||||||||||||||||||
Impaired loans | $ | 6,887 | Appraisal of collateral | (a) | Appraisal adjustments | (b) | (10) - (50)% | -19% | |||||||||||||
Foreclosed assets held for resale | $ | 413 | Appraisal of collateral | (a) | Appraisal adjustments | (b) | (10) - (50)% | -35% | |||||||||||||
(a) Fair value is generally determined through independent third-party appraisals of the underlying collateral, which generally includes various Level 3 inputs which are not observable. | |||||||||||||||||||||
(b) Appraisals may be adjusted downward by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percentage of the appraisal. Higher downward adjustments are caused by negative changes to the collateral or conditions in the real estate market, actual offers or sales contracts received, and/or age of the appraisal. | |||||||||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | ||||||||||||||||||||
The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Corporation’s financial instruments as of September 30, 2014, and December 31, 2013: | |||||||||||||||||||||
September 30, 2014 | |||||||||||||||||||||
In thousands | Carrying Amount | Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and due from banks | $ | 14,338 | $ | 14,338 | $ | 6,361 | $ | 7,977 | $ | — | |||||||||||
Interest-bearing deposits in banks | 9,670 | 9,670 | 9,670 | — | — | ||||||||||||||||
Investment securities available for sale | 122,064 | 122,064 | 1,759 | 120,305 | — | ||||||||||||||||
Investment securities held to maturity | 75,407 | 74,338 | — | 74,338 | — | ||||||||||||||||
Loans held for sale | 1,482 | 1,482 | — | 1,482 | — | ||||||||||||||||
Loans, less allowance for loan losses | 750,920 | 762,293 | — | — | 762,293 | ||||||||||||||||
Accrued interest receivable | 2,888 | 2,888 | — | 2,888 | — | ||||||||||||||||
Restricted investment in bank stocks | 5,239 | 5,239 | — | 5,239 | — | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | 824,012 | 824,325 | — | 824,325 | — | ||||||||||||||||
Short-term borrowings | 53,824 | 53,824 | — | 53,824 | — | ||||||||||||||||
Long-term borrowings | 69,505 | 70,943 | — | 70,943 | — | ||||||||||||||||
Accrued interest payable | 380 | 380 | — | 380 | — | ||||||||||||||||
Off-balance sheet financial instruments | — | — | — | — | — | ||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
In thousands | Carrying Amount | Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and due from banks | $ | 13,963 | $ | 13,963 | $ | 7,755 | $ | 6,208 | $ | — | |||||||||||
Interest-bearing deposits in banks | 4,153 | 4,153 | 4,153 | — | — | ||||||||||||||||
Investment securities available for sale | 129,983 | 129,983 | 1,905 | 128,078 | — | ||||||||||||||||
Investment securities held to maturity | 94,373 | 92,082 | — | 92,082 | — | ||||||||||||||||
Loans held for sale | 496 | 496 | — | 496 | — | ||||||||||||||||
Loans, less allowance for loan losses | 712,557 | 724,937 | — | — | 724,937 | ||||||||||||||||
Accrued interest receivable | 3,027 | 3,027 | — | 3,027 | — | ||||||||||||||||
Restricted investment in bank stocks | 6,861 | 6,861 | — | 6,861 | — | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | 800,643 | 801,063 | — | 801,063 | — | ||||||||||||||||
Short-term borrowings | 49,052 | 49,052 | — | 49,052 | — | ||||||||||||||||
Long-term borrowings | 82,703 | 84,558 | — | 84,558 | — | ||||||||||||||||
Accrued interest payable | 681 | 681 | — | 681 | — | ||||||||||||||||
Off-balance sheet financial instruments | — | — | — | — | — | ||||||||||||||||
Securities_Sold_Under_Agreemen1
Securities Sold Under Agreements to Repurchase ("Repurchase Agreements") (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Disclosure of Repurchase Agreements [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Repurchase Agreements [Table Text Block] | ' | ||||||||||||||||||||||||
The following table presents the short-term borrowings subject to an enforceable master netting arrangement or repurchase agreement as of September 30, 2014, and December 31, 2013: | |||||||||||||||||||||||||
Gross Amounts Not Offset in the Statements of Condition | |||||||||||||||||||||||||
In thousands | Gross Amounts of Recognized Liabilities | Gross Amounts Offset in the Statements of Condition | Net Amounts of Liabilities Presented in the Statements of Condition | Financial Instruments | Cash Collateral Pledged | Net Amount | |||||||||||||||||||
September 30, 2014 | |||||||||||||||||||||||||
Repurchase agreements | |||||||||||||||||||||||||
Commercial customers and government entities | (a) | $ | 53,824 | $ | — | $ | 53,824 | $ | (53,824 | ) | $ | — | $ | — | |||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Repurchase agreements | |||||||||||||||||||||||||
Commercial customers and government entities | (a) | $ | 42,252 | $ | — | $ | 42,252 | $ | (42,252 | ) | $ | — | $ | — | |||||||||||
(a) As of September 30, 2014, and December 31, 2013, the fair value of securities pledged in connection with repurchase agreements was $57,450,000 and $60,823,000, respectively. |
Basis_of_Presentation_Basis_of
Basis of Presentation Basis of Presentation (Narrative) (Details) | 9 Months Ended |
Sep. 30, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Number of Full-service Bank Offices | 20 |
Earnings_Per_Share_Narrative_D
Earnings Per Share (Narrative) (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Weighted average shares of common stock outstanding | 6,006,321 | 5,981,936 | 5,998,925 | 5,973,418 |
Dilutive securities outstanding | 0 | 0 | 0 | 0 |
Retirement_Benefits_Components
Retirement Benefits (Components Of Net Periodic Benefit Costs (Income)) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Person | Person | |||
Postemployment Benefits [Abstract] | ' | ' | ' | ' |
Service cost | $172 | $194 | $516 | $582 |
Interest cost | 259 | 223 | 777 | 669 |
Expected return on plan assets | -578 | -489 | -1,734 | -1,467 |
Amortization of net loss | 5 | 163 | 16 | 489 |
Amortization of prior service cost | 10 | 10 | 30 | 30 |
Net Periodic Benefit (Income) Cost | ($132) | $101 | ($395) | $303 |
Number of active, vested terminated and retired persons in the Plan | 368 | ' | 368 | ' |
Guarantees_Narrative_Details
Guarantees (Narrative) (Details) (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 |
Guarantor Obligations [Line Items] | ' |
Line of credit facility expiration period | '1 year |
Standby Letters of Credit [Member] | ' |
Guarantor Obligations [Line Items] | ' |
Guarantees amount | 5,742 |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income (Loss) (Schedule Of Components Of The Accumulated Other Comprehensive Income, Net Of Taxes) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Stockholders' Equity Note [Abstract] | ' | ' | ' |
Unrealized Gains on Securities | $2,658 | $2,572 | $3,019 |
Pension Liability | -2,435 | -2,466 | -5,483 |
Accumulated Other Comprehensive Income (Loss) | $223 | $106 | ($2,464) |
Segment_Reporting_Segment_Info
Segment Reporting (Segment Information) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Number of Reportable Segments | ' | ' | 2 | ' | ' |
Net interest income and other income from external customers | $11,395 | $11,131 | $34,226 | $34,088 | ' |
Income before income taxes | 3,416 | 2,935 | 10,195 | 8,969 | ' |
Total assets | 1,067,531 | 1,034,530 | 1,067,531 | 1,034,530 | 1,046,047 |
Capital expenditures | 918 | 734 | 1,924 | 1,433 | ' |
Finite-Lived Intangible Asset, Useful Life | ' | ' | '10 years | ' | ' |
Banking [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Net interest income and other income from external customers | 10,141 | 10,343 | 30,370 | 30,786 | ' |
Income before income taxes | 3,269 | 2,813 | 9,566 | 8,470 | ' |
Total assets | 1,058,774 | 1,024,946 | 1,058,774 | 1,024,946 | ' |
Capital expenditures | 918 | 734 | 1,924 | 1,426 | ' |
Insurance [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Net interest income and other income from external customers | 1,254 | 788 | 3,856 | 3,302 | ' |
Income before income taxes | 147 | 122 | 629 | 499 | ' |
Total assets | 8,757 | 9,584 | 8,757 | 9,584 | ' |
Capital expenditures | $0 | $0 | $0 | $7 | ' |
Securities_Unrealized_Gain_Los
Securities (Unrealized Gain (Loss) on Investments) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Schedule of Investments [Line Items] | ' | ' | ' |
Amortized Cost | $118,041 | $126,090 | ' |
Available-for-sale Securities, Gross Unrealized Gain, Accumulated in Investments | 4,056 | 4,433 | ' |
Available-for-sale Securities, Gross Unrealized Loss, Accumulated in Investments | 33 | 540 | ' |
Fair Value | 122,064 | 129,983 | 135,163 |
Held to Maturity Securities, Amortized Cost | 75,407 | 94,373 | 96,255 |
Held-to-maturity Securities, Accumulated Unrecognized Holding Gain | 100 | 182 | ' |
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss | 1,169 | 2,473 | ' |
Fair Value | 74,338 | 92,082 | 94,667 |
U.S. Government and agencies [Member] | ' | ' | ' |
Schedule of Investments [Line Items] | ' | ' | ' |
Amortized Cost | 19,007 | 21,094 | ' |
Available-for-sale Securities, Gross Unrealized Gain, Accumulated in Investments | 399 | 557 | ' |
Available-for-sale Securities, Gross Unrealized Loss, Accumulated in Investments | 0 | 0 | ' |
Fair Value | 19,406 | 21,651 | ' |
Held to Maturity Securities, Amortized Cost | 24,502 | 37,528 | ' |
Held-to-maturity Securities, Accumulated Unrecognized Holding Gain | 0 | 142 | ' |
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss | 460 | 923 | ' |
Fair Value | 24,042 | 36,747 | ' |
Residential Mortgage Backed Securities [Member] | ' | ' | ' |
Schedule of Investments [Line Items] | ' | ' | ' |
Amortized Cost | 49,762 | 51,541 | ' |
Available-for-sale Securities, Gross Unrealized Gain, Accumulated in Investments | 2,137 | 2,322 | ' |
Available-for-sale Securities, Gross Unrealized Loss, Accumulated in Investments | 16 | 123 | ' |
Fair Value | 51,883 | 53,740 | ' |
Held to Maturity Securities, Amortized Cost | 50,905 | 56,845 | ' |
Held-to-maturity Securities, Accumulated Unrecognized Holding Gain | 100 | 40 | ' |
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss | 709 | 1,550 | ' |
Fair Value | 50,296 | 55,335 | ' |
State and municipal [Member] | ' | ' | ' |
Schedule of Investments [Line Items] | ' | ' | ' |
Amortized Cost | 37,599 | 40,780 | ' |
Available-for-sale Securities, Gross Unrealized Gain, Accumulated in Investments | 1,300 | 1,117 | ' |
Available-for-sale Securities, Gross Unrealized Loss, Accumulated in Investments | 17 | 375 | ' |
Fair Value | 38,882 | 41,522 | ' |
Corporate bonds [Member] | ' | ' | ' |
Schedule of Investments [Line Items] | ' | ' | ' |
Amortized Cost | 10,002 | 11,004 | ' |
Available-for-sale Securities, Gross Unrealized Gain, Accumulated in Investments | 132 | 192 | ' |
Available-for-sale Securities, Gross Unrealized Loss, Accumulated in Investments | 0 | 31 | ' |
Fair Value | 10,134 | 11,165 | ' |
CRA mutual fund [Member] | ' | ' | ' |
Schedule of Investments [Line Items] | ' | ' | ' |
Amortized Cost | 1,044 | 1,044 | ' |
Available-for-sale Securities, Gross Unrealized Gain, Accumulated in Investments | 5 | 0 | ' |
Available-for-sale Securities, Gross Unrealized Loss, Accumulated in Investments | 0 | 11 | ' |
Fair Value | 1,049 | 1,033 | ' |
Stock in other banks [Member] | ' | ' | ' |
Schedule of Investments [Line Items] | ' | ' | ' |
Amortized Cost | 627 | 627 | ' |
Available-for-sale Securities, Gross Unrealized Gain, Accumulated in Investments | 83 | 245 | ' |
Available-for-sale Securities, Gross Unrealized Loss, Accumulated in Investments | 0 | 0 | ' |
Fair Value | $710 | $872 | ' |
Securities_Schedule_of_Unreali
Securities (Schedule of Unrealized Loss on Investments) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Investments [Line Items] | ' | ' |
Less than 12 Months: Fair Value | $3,790 | $24,053 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses Accumulated in Investments | 11 | 505 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 3,246 | 1,070 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses Accumulated in Investments | 22 | 35 |
Total: Fair Value | 7,036 | 25,123 |
Available-for-sale Securities, Gross Unrealized Loss, Accumulated in Investments | 33 | 540 |
Less than 12 Months: Fair Value | 10,133 | 68,601 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 32 | 2,258 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 49,005 | 4,644 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 1,137 | 215 |
Total: Fair Value | 59,138 | 73,245 |
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss | 1,169 | 2,473 |
State and municipal [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 Months: Fair Value | 0 | 11,107 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses Accumulated in Investments | 0 | 340 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 2,454 | 1,070 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses Accumulated in Investments | 17 | 35 |
Total: Fair Value | 2,454 | 12,177 |
Available-for-sale Securities, Gross Unrealized Loss, Accumulated in Investments | 17 | 375 |
Available-for-sale, Number of Securities in Continuous Loss Positions for 12 Months or More | 6 | ' |
Corporate bonds [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 Months: Fair Value | ' | 4,969 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses Accumulated in Investments | ' | 31 |
Total: Fair Value | ' | 4,969 |
Available-for-sale Securities, Gross Unrealized Loss, Accumulated in Investments | 0 | 31 |
U.S. Government and agencies [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Available-for-sale Securities, Gross Unrealized Loss, Accumulated in Investments | 0 | 0 |
Less than 12 Months: Fair Value | 0 | 22,710 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 812 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 24,042 | 2,889 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 460 | 111 |
Total: Fair Value | 24,042 | 25,599 |
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss | 460 | 923 |
Held-to-maturity, Number of Securities in Continuous Loss Positions for 12 Months or More | 16 | ' |
Residential Mortgage Backed Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 Months: Fair Value | 3,790 | 6,944 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses Accumulated in Investments | 11 | 123 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 792 | ' |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses Accumulated in Investments | 5 | ' |
Total: Fair Value | 4,582 | 6,944 |
Available-for-sale Securities, Gross Unrealized Loss, Accumulated in Investments | 16 | 123 |
Less than 12 Months: Fair Value | 10,133 | 45,891 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 32 | 1,446 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 24,963 | 1,755 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 677 | 104 |
Total: Fair Value | 35,096 | 47,646 |
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss | 709 | 1,550 |
Number of available for sale securities have not been in a continuous loss position for 12 months or more | 4 | ' |
Available-for-sale, Number of Securities in Continuous Loss Positions for 12 Months or More | 2 | ' |
Held-to-maturity, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 25 | ' |
Held-to-maturity, Number of Securities in Continuous Loss Positions for 12 Months or More | 18 | ' |
CRA mutual fund [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 Months: Fair Value | ' | 1,033 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses Accumulated in Investments | ' | 11 |
Total: Fair Value | ' | 1,033 |
Available-for-sale Securities, Gross Unrealized Loss, Accumulated in Investments | $0 | $11 |
Maximum [Member] | State and municipal [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Available for sale securities with gross unrealized losses individually as a percentage of amortized cost | 2.00% | ' |
Maximum [Member] | U.S. Government and agencies [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Held to maturity securities with gross unrealized losses individually as a percentage of amortized cost | 5.00% | ' |
Maximum [Member] | Residential Mortgage Backed Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Available for sale securities with gross unrealized losses individually as a percentage of amortized cost | 2.00% | ' |
Held to maturity securities with gross unrealized losses individually as a percentage of amortized cost | 4.00% | ' |
Securities_Investments_Classif
Securities (Investments Classified by Contractual Maturity Date) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |
Schedule of Investments [Line Items] | ' | ' | ' | ' | ' |
Available for Sale Securities, 1 year or less, Amortized Cost | $9,549,000 | ' | $9,549,000 | ' | ' |
Available for Sale Securities, Over 1 year through 5 years, Amortized Cost | 29,593,000 | ' | 29,593,000 | ' | ' |
Available for Sale Securities, Over 5 years through 10 years, Amortized Cost | 25,250,000 | ' | 25,250,000 | ' | ' |
Available for Sale Securities, Over 10 years, Amortized Cost | 2,216,000 | ' | 2,216,000 | ' | ' |
Available-for-sale Securities, Amortized Cost | 118,041,000 | ' | 118,041,000 | ' | 126,090,000 |
Available for Sale Securities, 1 year or less, Fair Value | 9,671,000 | ' | 9,671,000 | ' | ' |
Available for Sale Securities, Over 1 year through 5 years, Fair Value | 30,650,000 | ' | 30,650,000 | ' | ' |
Available for Sale Securities, Over 5 years through 10 years, Fair Value | 25,793,000 | ' | 25,793,000 | ' | ' |
Available for Sale Securities, Over 10 years, Fair Value | 2,308,000 | ' | 2,308,000 | ' | ' |
Investment securities available for sale, Fair Value | 122,064,000 | 135,163,000 | 122,064,000 | 135,163,000 | 129,983,000 |
Held to Maturity Securities, 1 year or less, Amortized Cost | 0 | ' | 0 | ' | ' |
Held to Maturity Securities, Over 1 year through 5 years, Amortized Cost | 17,049,000 | ' | 17,049,000 | ' | ' |
Held to Maturity Securities, Over 5 years through 10 years, Amortized Cost | 7,453,000 | ' | 7,453,000 | ' | ' |
Held to Maturity Securities, Over 10 years, Amortized Cost | 0 | ' | 0 | ' | ' |
Held to Maturity Securities, Amortized Cost | 75,407,000 | 96,255,000 | 75,407,000 | 96,255,000 | 94,373,000 |
Held to Maturity Securities, 1 year or less, Fair Value | 0 | ' | 0 | ' | ' |
Held to Maturity Securities, Over 1 year through 5 years, Fair Value | 16,779,000 | ' | 16,779,000 | ' | ' |
Held to Maturity Securities, Over 5 years through 10 years, Fair Value | 7,263,000 | ' | 7,263,000 | ' | ' |
Held to Maturity Securities, Over 10 years, Fair Value | 0 | ' | 0 | ' | ' |
Securities held to maturity, fair value | 74,338,000 | 94,667,000 | 74,338,000 | 94,667,000 | 92,082,000 |
Gross gains on sales or calls of securities available for sale | 2,000 | 0 | 54,000 | 0 | ' |
Gross losses on sales or calls of securities available for sale | 0 | 0 | 0 | 0 | ' |
Securities pledged as collateral, carrying value | 130,885,000 | ' | 130,885,000 | ' | 139,966,000 |
Residential Mortgage Backed Securities [Member] | ' | ' | ' | ' | ' |
Schedule of Investments [Line Items] | ' | ' | ' | ' | ' |
Available for Sale Securities, without Single Maturity Date, Amortized Cost | 49,762,000 | ' | 49,762,000 | ' | ' |
Available-for-sale Securities, Amortized Cost | 49,762,000 | ' | 49,762,000 | ' | 51,541,000 |
Available for Sale Securities, without Single Maturity Date, Fair Value | 51,883,000 | ' | 51,883,000 | ' | ' |
Investment securities available for sale, Fair Value | 51,883,000 | ' | 51,883,000 | ' | 53,740,000 |
Held to Maturity Securities, without Single Maturity Date, Amortized Costs | 50,905,000 | ' | 50,905,000 | ' | ' |
Held to Maturity Securities, Amortized Cost | 50,905,000 | ' | 50,905,000 | ' | 56,845,000 |
Held to Maturity Securities, without Single Maturity Date, Fair Value | 50,296,000 | ' | 50,296,000 | ' | ' |
Securities held to maturity, fair value | 50,296,000 | ' | 50,296,000 | ' | 55,335,000 |
CRA mutual fund [Member] | ' | ' | ' | ' | ' |
Schedule of Investments [Line Items] | ' | ' | ' | ' | ' |
Available for Sale Securities, without Single Maturity Date, Amortized Cost | 1,044,000 | ' | 1,044,000 | ' | ' |
Available-for-sale Securities, Amortized Cost | 1,044,000 | ' | 1,044,000 | ' | 1,044,000 |
Available for Sale Securities, without Single Maturity Date, Fair Value | 1,049,000 | ' | 1,049,000 | ' | ' |
Investment securities available for sale, Fair Value | 1,049,000 | ' | 1,049,000 | ' | 1,033,000 |
Held to Maturity Securities, without Single Maturity Date, Amortized Costs | 0 | ' | 0 | ' | ' |
Held to Maturity Securities, without Single Maturity Date, Fair Value | 0 | ' | 0 | ' | ' |
Stock in other banks [Member] | ' | ' | ' | ' | ' |
Schedule of Investments [Line Items] | ' | ' | ' | ' | ' |
Available for Sale Securities, without Single Maturity Date, Amortized Cost | 627,000 | ' | 627,000 | ' | ' |
Available-for-sale Securities, Amortized Cost | 627,000 | ' | 627,000 | ' | 627,000 |
Available for Sale Securities, without Single Maturity Date, Fair Value | 710,000 | ' | 710,000 | ' | ' |
Investment securities available for sale, Fair Value | 710,000 | ' | 710,000 | ' | 872,000 |
Held to Maturity Securities, without Single Maturity Date, Amortized Costs | 0 | ' | 0 | ' | ' |
Held to Maturity Securities, without Single Maturity Date, Fair Value | $0 | ' | $0 | ' | ' |
Loans_Classes_Of_The_Loan_Port
Loans (Classes Of The Loan Portfolio Summarized By The Aggregate Risk Rating) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | $601 | $5,566 | $1,291 | $4,670 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 34 | 9 | 169 | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 12,633 | 13,967 | 12,907 | 13,110 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 64 | 109 | 402 | 474 | ' |
Total Loans Receivable | 766,341 | 718,048 | 766,341 | 718,048 | 728,648 |
Commercial and industrial [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 73 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,048 | 183 | 1,256 | 189 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 2 | 0 | 2 | 0 | ' |
Total Loans Receivable | 65,905 | 54,850 | 65,905 | 54,850 | 59,217 |
Commercial real estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 228 | 180 | 232 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 10,468 | 11,997 | 10,475 | 11,133 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 58 | 107 | 388 | 466 | ' |
Total Loans Receivable | 264,613 | 239,326 | 264,613 | 239,326 | 239,186 |
Commercial real estate construction [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 4,168 | 0 | 3,430 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 34 | 0 | 169 | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 539 | 788 | 663 | 821 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | ' |
Total Loans Receivable | 11,617 | 12,683 | 11,617 | 12,683 | 11,196 |
Residential mortgage [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 601 | 1,170 | 1,111 | 935 | ' |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 9 | 0 | ' |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 578 | 999 | 513 | 967 | ' |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 4 | 2 | 12 | 8 | ' |
Total Loans Receivable | 354,775 | 343,388 | 354,775 | 343,388 | 351,009 |
Home Equity Line of Credit [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 54,002 | 53,462 | 54,002 | 53,462 | 53,852 |
Consumer [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 15,429 | 14,339 | 15,429 | 14,339 | 14,188 |
Pass [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 705,908 | ' | 705,908 | ' | 663,657 |
Pass [Member] | Commercial and industrial [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 59,818 | ' | 59,818 | ' | 53,316 |
Pass [Member] | Commercial real estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 221,647 | ' | 221,647 | ' | 193,162 |
Pass [Member] | Commercial real estate construction [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 7,675 | ' | 7,675 | ' | 5,123 |
Pass [Member] | Residential mortgage [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 348,149 | ' | 348,149 | ' | 344,847 |
Pass [Member] | Home Equity Line of Credit [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 53,190 | ' | 53,190 | ' | 53,021 |
Pass [Member] | Consumer [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 15,429 | ' | 15,429 | ' | 14,188 |
Special Mention [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 38,537 | ' | 38,537 | ' | 40,196 |
Special Mention [Member] | Commercial and industrial [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 2,364 | ' | 2,364 | ' | 2,364 |
Special Mention [Member] | Commercial real estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 27,465 | ' | 27,465 | ' | 29,655 |
Special Mention [Member] | Commercial real estate construction [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 3,360 | ' | 3,360 | ' | 5,018 |
Special Mention [Member] | Residential mortgage [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 4,571 | ' | 4,571 | ' | 2,551 |
Special Mention [Member] | Home Equity Line of Credit [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 777 | ' | 777 | ' | 608 |
Special Mention [Member] | Consumer [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 0 | ' | 0 | ' | 0 |
Substandard [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 21,896 | ' | 21,896 | ' | 24,795 |
Substandard [Member] | Commercial and industrial [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 3,723 | ' | 3,723 | ' | 3,537 |
Substandard [Member] | Commercial real estate [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 15,501 | ' | 15,501 | ' | 16,369 |
Substandard [Member] | Commercial real estate construction [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 582 | ' | 582 | ' | 1,055 |
Substandard [Member] | Residential mortgage [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 2,055 | ' | 2,055 | ' | 3,611 |
Substandard [Member] | Home Equity Line of Credit [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | 35 | ' | 35 | ' | 223 |
Substandard [Member] | Consumer [Member] | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' |
Total Loans Receivable | $0 | ' | $0 | ' | $0 |
Loans_Impaired_Loans_By_Loan_P
Loans (Impaired Loans By Loan Portfolio Class) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Loans with Allowance: Recorded Investment | $238 | $1,478 |
Impaired Loans with Allowance: Unpaid Principal Balance | 275 | 1,478 |
Impaired Loans with Allowance: Related Allowance | 42 | 201 |
Impaired Loans with No Allowance: Recorded Investment | 13,455 | 14,234 |
Impaired Loans with No Allowance: Unpaid Principal Balance | 15,269 | 16,220 |
Commercial and industrial [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Loans with Allowance: Recorded Investment | 0 | 0 |
Impaired Loans with Allowance: Unpaid Principal Balance | 0 | 0 |
Impaired Loans with Allowance: Related Allowance | 0 | 0 |
Impaired Loans with No Allowance: Recorded Investment | 1,785 | 1,574 |
Impaired Loans with No Allowance: Unpaid Principal Balance | 2,900 | 2,688 |
Commercial real estate [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Loans with Allowance: Recorded Investment | 0 | 0 |
Impaired Loans with Allowance: Unpaid Principal Balance | 0 | 0 |
Impaired Loans with Allowance: Related Allowance | 0 | 0 |
Impaired Loans with No Allowance: Recorded Investment | 10,472 | 11,197 |
Impaired Loans with No Allowance: Unpaid Principal Balance | 10,671 | 11,758 |
Commercial real estate construction [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Loans with Allowance: Recorded Investment | 0 | 0 |
Impaired Loans with Allowance: Unpaid Principal Balance | 0 | 0 |
Impaired Loans with Allowance: Related Allowance | 0 | 0 |
Impaired Loans with No Allowance: Recorded Investment | 368 | 788 |
Impaired Loans with No Allowance: Unpaid Principal Balance | 642 | 1,062 |
Residential mortgage [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Impaired Loans with Allowance: Recorded Investment | 238 | 1,478 |
Impaired Loans with Allowance: Unpaid Principal Balance | 275 | 1,478 |
Impaired Loans with Allowance: Related Allowance | 42 | 201 |
Impaired Loans with No Allowance: Recorded Investment | 830 | 675 |
Impaired Loans with No Allowance: Unpaid Principal Balance | $1,056 | $712 |
Loans_Average_Of_Impaired_Loan
Loans (Average Of Impaired Loans And Related Interest Income By Loan Portfolio Class) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Impaired Loans with Allowance: Average Recorded Investment | $601 | $5,566 | $1,291 | $4,670 |
Impaired Loans with Allowance: Interest Income | 0 | 34 | 9 | 169 |
Impaired Loans with No Allowance: Average Recorded Investment | 12,633 | 13,967 | 12,907 | 13,110 |
Impaired Loans with No Allowance: Interest Income | 64 | 109 | 402 | 474 |
Commercial and industrial [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Impaired Loans with Allowance: Average Recorded Investment | 0 | 0 | 0 | 73 |
Impaired Loans with Allowance: Interest Income | 0 | 0 | 0 | 0 |
Impaired Loans with No Allowance: Average Recorded Investment | 1,048 | 183 | 1,256 | 189 |
Impaired Loans with No Allowance: Interest Income | 2 | 0 | 2 | 0 |
Commercial real estate [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Impaired Loans with Allowance: Average Recorded Investment | 0 | 228 | 180 | 232 |
Impaired Loans with Allowance: Interest Income | 0 | 0 | 0 | 0 |
Impaired Loans with No Allowance: Average Recorded Investment | 10,468 | 11,997 | 10,475 | 11,133 |
Impaired Loans with No Allowance: Interest Income | 58 | 107 | 388 | 466 |
Commercial real estate construction [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Impaired Loans with Allowance: Average Recorded Investment | 0 | 4,168 | 0 | 3,430 |
Impaired Loans with Allowance: Interest Income | 0 | 34 | 0 | 169 |
Impaired Loans with No Allowance: Average Recorded Investment | 539 | 788 | 663 | 821 |
Impaired Loans with No Allowance: Interest Income | 0 | 0 | 0 | 0 |
Residential mortgage [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Impaired Loans with Allowance: Average Recorded Investment | 601 | 1,170 | 1,111 | 935 |
Impaired Loans with Allowance: Interest Income | 0 | 0 | 9 | 0 |
Impaired Loans with No Allowance: Average Recorded Investment | 578 | 999 | 513 | 967 |
Impaired Loans with No Allowance: Interest Income | $4 | $2 | $12 | $8 |
Loans_Nonaccrual_Loans_By_Clas
Loans (Nonaccrual Loans By Classes Of The Loan Portfolio) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | $6,682 | $8,573 |
Commercial and industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 1,785 | 1,574 |
Commercial real estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 3,757 | 4,363 |
Commercial real estate construction [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | 368 | 788 |
Residential mortgage [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Financing Receivable, Recorded Investment, Nonaccrual Status | $772 | $1,848 |
Loans_Troubled_Debt_Restructur
Loans (Troubled Debt Restructurings) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Contract | Contract | Contract | Contract | Contract | Contract | Contract | |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Number of Troubled Debt Restructured Loans Paid in Full | 1 | ' | ' | ' | ' | ' | ' |
Troubled debt restructured loans, periodic late payments | ' | ' | 1 | ' | ' | ' | ' |
Troubled debt restructured loan defaulted, number of contracts | 0 | 1 | 0 | 1 | ' | ' | ' |
Forbearance Agreements Modified, Number of Modified | ' | ' | ' | ' | 2 | ' | 1 |
Pre-Modification Outstanding Recorded Investments | ' | ' | $10,513,000 | ' | $11,079,000 | ' | ' |
Post-Modification Outstanding Recorded Investments | ' | ' | 10,553,000 | ' | 11,119,000 | ' | ' |
Recorded Investment | 7,922,000 | ' | 7,922,000 | ' | 9,175,000 | ' | ' |
Forbearance Agreement, Number Of Negotiations | ' | ' | ' | ' | 1 | 3 | ' |
Forbearance Agreement, Number Of Expirations | 2 | ' | 2 | ' | ' | ' | ' |
Troubled debt restructured loan defaulted, amount | ' | 237,000 | ' | 237,000 | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | ' | ' | 1 | ' | ' | ' | ' |
Nonaccrual [Member] | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Pre-Modification Outstanding Recorded Investments | ' | ' | 3,059,000 | ' | 3,625,000 | ' | ' |
Post-Modification Outstanding Recorded Investments | ' | ' | 3,047,000 | ' | 3,613,000 | ' | ' |
Recorded Investment | 911,000 | ' | 911,000 | ' | 2,036,000 | ' | ' |
Accrual [Member] | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Pre-Modification Outstanding Recorded Investments | ' | ' | 7,454,000 | ' | 7,454,000 | ' | ' |
Post-Modification Outstanding Recorded Investments | ' | ' | 7,506,000 | ' | 7,506,000 | ' | ' |
Recorded Investment | 7,011,000 | ' | 7,011,000 | ' | 7,139,000 | ' | ' |
Residential mortgage [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Pre-Modification Outstanding Recorded Investments | ' | ' | ' | ' | 566,000 | ' | ' |
Post-Modification Outstanding Recorded Investments | ' | ' | ' | ' | 566,000 | ' | ' |
Recorded Investment | ' | ' | ' | ' | 566,000 | ' | ' |
Residential mortgage [Member] | Accrual [Member] | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Pre-Modification Outstanding Recorded Investments | ' | ' | 336,000 | ' | 336,000 | ' | ' |
Post-Modification Outstanding Recorded Investments | ' | ' | 336,000 | ' | 336,000 | ' | ' |
Recorded Investment | 296,000 | ' | 296,000 | ' | 305,000 | ' | ' |
Commercial real estate construction [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Pre-Modification Outstanding Recorded Investments | ' | ' | 1,548,000 | ' | 1,548,000 | ' | ' |
Post-Modification Outstanding Recorded Investments | ' | ' | 1,541,000 | ' | 1,541,000 | ' | ' |
Recorded Investment | 274,000 | ' | 274,000 | ' | 694,000 | ' | ' |
Commercial real estate [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Pre-Modification Outstanding Recorded Investments | ' | ' | 1,021,000 | ' | 1,021,000 | ' | ' |
Post-Modification Outstanding Recorded Investments | ' | ' | 1,021,000 | ' | 1,021,000 | ' | ' |
Recorded Investment | 569,000 | ' | 569,000 | ' | 634,000 | ' | ' |
Commercial real estate [Member] | Accrual [Member] | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Pre-Modification Outstanding Recorded Investments | ' | ' | 7,118,000 | ' | 7,118,000 | ' | ' |
Post-Modification Outstanding Recorded Investments | ' | ' | 7,170,000 | ' | 7,170,000 | ' | ' |
Recorded Investment | 6,715,000 | ' | 6,715,000 | ' | 6,834,000 | ' | ' |
Commercial and industrial [Member] | Nonaccrual [Member] | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Pre-Modification Outstanding Recorded Investments | ' | ' | 490,000 | ' | 490,000 | ' | ' |
Post-Modification Outstanding Recorded Investments | ' | ' | 485,000 | ' | 485,000 | ' | ' |
Recorded Investment | $68,000 | ' | $68,000 | ' | $142,000 | ' | ' |
Loans_Troubled_Debt_Restructur1
Loans (Troubled Debt Restructurings Modified In Current Period) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Contract | Contract | Contract | Commercial real estate [Member] | |
Contract | ||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Contracts | 0 | 0 | 0 | 1 |
Pre-Modification Outstanding Recorded Investment | $0 | $0 | $0 | $2,541 |
Post-Modification Outstanding Recorded Investment | 0 | 0 | 0 | 2,593 |
Recorded Investment at Period End | $0 | $0 | $0 | $2,559 |
Loans_Loan_Portfolio_Summarize
Loans (Loan Portfolio Summarized By The Past Due Status) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | $1,121 | $5,922 | ' |
60-89 Days Past Due | 2,335 | 1,411 | ' |
90 Days Past Due | 6,869 | 6,075 | ' |
Total Past Due | 10,325 | 13,408 | ' |
Current | 756,016 | 715,240 | ' |
Total Loans Receivable | 766,341 | 728,648 | 718,048 |
Loans Receivable 90 Days and Accruing | 1,967 | 1,926 | ' |
Commercial and industrial [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 17 | 55 | ' |
60-89 Days Past Due | 0 | 13 | ' |
90 Days Past Due | 1,785 | 152 | ' |
Total Past Due | 1,802 | 220 | ' |
Current | 64,103 | 58,997 | ' |
Total Loans Receivable | 65,905 | 59,217 | 54,850 |
Loans Receivable 90 Days and Accruing | 0 | 3 | ' |
Commercial real estate [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 564 | 857 | ' |
60-89 Days Past Due | 1,328 | 552 | ' |
90 Days Past Due | 2,036 | 1,964 | ' |
Total Past Due | 3,928 | 3,373 | ' |
Current | 260,685 | 235,813 | ' |
Total Loans Receivable | 264,613 | 239,186 | 239,326 |
Loans Receivable 90 Days and Accruing | 33 | 0 | ' |
Commercial real estate construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 0 | 0 | ' |
60-89 Days Past Due | 0 | 0 | ' |
90 Days Past Due | 368 | 788 | ' |
Total Past Due | 368 | 788 | ' |
Current | 11,249 | 10,408 | ' |
Total Loans Receivable | 11,617 | 11,196 | 12,683 |
Loans Receivable 90 Days and Accruing | 0 | 0 | ' |
Residential mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 306 | 4,728 | ' |
60-89 Days Past Due | 1,007 | 795 | ' |
90 Days Past Due | 2,578 | 3,148 | ' |
Total Past Due | 3,891 | 8,671 | ' |
Current | 350,884 | 342,338 | ' |
Total Loans Receivable | 354,775 | 351,009 | 343,388 |
Loans Receivable 90 Days and Accruing | 1,832 | 1,900 | ' |
Home Equity Lines of Credit [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 214 | 260 | ' |
60-89 Days Past Due | 0 | 36 | ' |
90 Days Past Due | 100 | 14 | ' |
Total Past Due | 314 | 310 | ' |
Current | 53,688 | 53,542 | ' |
Total Loans Receivable | 54,002 | 53,852 | 53,462 |
Loans Receivable 90 Days and Accruing | 100 | 14 | ' |
Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
30-59 Days Past Due | 20 | 22 | ' |
60-89 Days Past Due | 0 | 15 | ' |
90 Days Past Due | 2 | 9 | ' |
Total Past Due | 22 | 46 | ' |
Current | 15,407 | 14,142 | ' |
Total Loans Receivable | 15,429 | 14,188 | 14,339 |
Loans Receivable 90 Days and Accruing | $2 | $9 | ' |
Loans_Allowance_For_Loan_Losse
Loans (Allowance For Loan Losses And Recorded Investment In Financing Receivables) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 |
Allowance for Loan Losses [Roll Forward] | ' | ' | ' | ' | ' |
Allowance for Loan Losses, Beginning Balance | $15,763 | $17,239 | $16,091 | $16,825 | ' |
Charge-offs | -398 | -599 | -900 | -1,560 | ' |
Recoveries | 56 | 7 | 80 | 232 | ' |
Provision for loan losses | 0 | -150 | -150 | -1,300 | ' |
Allowance for Loan Losses, Ending Balance | 15,421 | 16,797 | 15,421 | 16,797 | ' |
Allowance for loan losses: Ending balance: individually evaluated for impairment | 42 | 1,765 | 42 | 1,765 | 201 |
Allowance for loan losses: Ending balance: collectively evaluated for impairment | 15,379 | 15,032 | 15,379 | 15,032 | 15,890 |
Loans receivables, Ending Balance | 766,341 | 718,048 | 766,341 | 718,048 | 728,648 |
Loans receivables: Ending balance: individually evaluated for impairment | 13,693 | 18,854 | 13,693 | 18,854 | 15,712 |
Loans Receivable: Ending balance: collectively evaluated for impairment | 752,648 | 699,194 | 752,648 | 699,194 | 712,936 |
Commercial and industrial [Member] | ' | ' | ' | ' | ' |
Allowance for Loan Losses [Roll Forward] | ' | ' | ' | ' | ' |
Allowance for Loan Losses, Beginning Balance | 1,964 | 1,470 | 1,915 | 1,507 | ' |
Charge-offs | -31 | -41 | -88 | -133 | ' |
Recoveries | 2 | 5 | 14 | 226 | ' |
Provision for loan losses | 4 | -346 | -90 | -180 | ' |
Allowance for Loan Losses, Ending Balance | 1,931 | 1,780 | 1,931 | 1,780 | ' |
Allowance for loan losses: Ending balance: individually evaluated for impairment | 0 | 0 | 0 | 0 | 0 |
Allowance for loan losses: Ending balance: collectively evaluated for impairment | 1,931 | 1,780 | 1,931 | 1,780 | 1,915 |
Loans receivables, Ending Balance | 65,905 | 54,850 | 65,905 | 54,850 | 59,217 |
Loans receivables: Ending balance: individually evaluated for impairment | 1,785 | 179 | 1,785 | 179 | 1,574 |
Loans Receivable: Ending balance: collectively evaluated for impairment | 64,120 | 54,671 | 64,120 | 54,671 | 57,643 |
Commercial real estate [Member] | ' | ' | ' | ' | ' |
Allowance for Loan Losses [Roll Forward] | ' | ' | ' | ' | ' |
Allowance for Loan Losses, Beginning Balance | 5,462 | 5,852 | 5,819 | 6,576 | ' |
Charge-offs | 0 | -396 | -111 | -540 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Provision for loan losses | -210 | -934 | 36 | -354 | ' |
Allowance for Loan Losses, Ending Balance | 5,672 | 6,390 | 5,672 | 6,390 | ' |
Allowance for loan losses: Ending balance: individually evaluated for impairment | 0 | 455 | 0 | 455 | 0 |
Allowance for loan losses: Ending balance: collectively evaluated for impairment | 5,672 | 5,935 | 5,672 | 5,935 | 5,819 |
Loans receivables, Ending Balance | 264,613 | 239,326 | 264,613 | 239,326 | 239,186 |
Loans receivables: Ending balance: individually evaluated for impairment | 10,472 | 11,862 | 10,472 | 11,862 | 11,197 |
Loans Receivable: Ending balance: collectively evaluated for impairment | 254,141 | 227,464 | 254,141 | 227,464 | 227,989 |
Commercial real estate construction [Member] | ' | ' | ' | ' | ' |
Allowance for Loan Losses [Roll Forward] | ' | ' | ' | ' | ' |
Allowance for Loan Losses, Beginning Balance | 225 | 1,542 | 247 | 518 | ' |
Charge-offs | 0 | 0 | 0 | 0 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Provision for loan losses | -2 | 462 | -20 | -562 | ' |
Allowance for Loan Losses, Ending Balance | 227 | 1,080 | 227 | 1,080 | ' |
Allowance for loan losses: Ending balance: individually evaluated for impairment | 0 | 906 | 0 | 906 | 0 |
Allowance for loan losses: Ending balance: collectively evaluated for impairment | 227 | 174 | 227 | 174 | 247 |
Loans receivables, Ending Balance | 11,617 | 12,683 | 11,617 | 12,683 | 11,196 |
Loans receivables: Ending balance: individually evaluated for impairment | 368 | 4,599 | 368 | 4,599 | 788 |
Loans Receivable: Ending balance: collectively evaluated for impairment | 11,249 | 8,084 | 11,249 | 8,084 | 10,408 |
Residential mortgage [Member] | ' | ' | ' | ' | ' |
Allowance for Loan Losses [Roll Forward] | ' | ' | ' | ' | ' |
Allowance for Loan Losses, Beginning Balance | 3,929 | 4,149 | 4,013 | 3,721 | ' |
Charge-offs | -362 | -133 | -535 | -729 | ' |
Recoveries | 51 | 1 | 58 | 2 | ' |
Provision for loan losses | -165 | -87 | -247 | -1,110 | ' |
Allowance for Loan Losses, Ending Balance | 3,783 | 4,104 | 3,783 | 4,104 | ' |
Allowance for loan losses: Ending balance: individually evaluated for impairment | 42 | 404 | 42 | 404 | 201 |
Allowance for loan losses: Ending balance: collectively evaluated for impairment | 3,741 | 3,700 | 3,741 | 3,700 | 3,812 |
Loans receivables, Ending Balance | 354,775 | 343,388 | 354,775 | 343,388 | 351,009 |
Loans receivables: Ending balance: individually evaluated for impairment | 1,068 | 2,214 | 1,068 | 2,214 | 2,153 |
Loans Receivable: Ending balance: collectively evaluated for impairment | 353,707 | 341,174 | 353,707 | 341,174 | 348,856 |
Home Equity Lines of Credit [Member] | ' | ' | ' | ' | ' |
Allowance for Loan Losses [Roll Forward] | ' | ' | ' | ' | ' |
Allowance for Loan Losses, Beginning Balance | 529 | 531 | 537 | 517 | ' |
Charge-offs | 0 | 0 | -121 | 0 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Provision for loan losses | -6 | -7 | -119 | -21 | ' |
Allowance for Loan Losses, Ending Balance | 535 | 538 | 535 | 538 | ' |
Allowance for loan losses: Ending balance: individually evaluated for impairment | 0 | 0 | 0 | 0 | 0 |
Allowance for loan losses: Ending balance: collectively evaluated for impairment | 535 | 538 | 535 | 538 | 537 |
Loans receivables, Ending Balance | 54,002 | 53,462 | 54,002 | 53,462 | 53,852 |
Loans receivables: Ending balance: individually evaluated for impairment | 0 | 0 | 0 | 0 | 0 |
Loans Receivable: Ending balance: collectively evaluated for impairment | 54,002 | 53,462 | 54,002 | 53,462 | 53,852 |
Consumer [Member] | ' | ' | ' | ' | ' |
Allowance for Loan Losses [Roll Forward] | ' | ' | ' | ' | ' |
Allowance for Loan Losses, Beginning Balance | 998 | 826 | 947 | 633 | ' |
Charge-offs | -5 | -29 | -45 | -158 | ' |
Recoveries | 3 | 1 | 8 | 4 | ' |
Provision for loan losses | 2 | -85 | -84 | -404 | ' |
Allowance for Loan Losses, Ending Balance | 994 | 883 | 994 | 883 | ' |
Allowance for loan losses: Ending balance: individually evaluated for impairment | 0 | 0 | 0 | 0 | 0 |
Allowance for loan losses: Ending balance: collectively evaluated for impairment | 994 | 883 | 994 | 883 | 947 |
Loans receivables, Ending Balance | 15,429 | 14,339 | 15,429 | 14,339 | 14,188 |
Loans receivables: Ending balance: individually evaluated for impairment | 0 | 0 | 0 | 0 | 0 |
Loans Receivable: Ending balance: collectively evaluated for impairment | 15,429 | 14,339 | 15,429 | 14,339 | 14,188 |
Unallocated [Member] | ' | ' | ' | ' | ' |
Allowance for Loan Losses [Roll Forward] | ' | ' | ' | ' | ' |
Allowance for Loan Losses, Beginning Balance | 2,656 | 2,869 | 2,613 | 3,353 | ' |
Charge-offs | 0 | 0 | 0 | 0 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Provision for loan losses | 377 | 847 | 334 | 1,331 | ' |
Allowance for Loan Losses, Ending Balance | 2,279 | 2,022 | 2,279 | 2,022 | ' |
Allowance for loan losses: Ending balance: individually evaluated for impairment | 0 | 0 | 0 | 0 | 0 |
Allowance for loan losses: Ending balance: collectively evaluated for impairment | 2,279 | 2,022 | 2,279 | 2,022 | 2,613 |
Loans receivables, Ending Balance | 0 | 0 | 0 | 0 | 0 |
Loans receivables: Ending balance: individually evaluated for impairment | 0 | 0 | 0 | 0 | 0 |
Loans Receivable: Ending balance: collectively evaluated for impairment | $0 | $0 | $0 | $0 | $0 |
Loans_Narrative_Details
Loans (Narrative) (Details) | 9 Months Ended |
Sep. 30, 2014 | |
Residential Mortgage and Commercial Loans [Member] | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Threshold Period Past Due to Discontinue Accrual Interest on Financing Receivable | '90 days |
Commercial and industrial [Member] | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Loans and Leases Receivable, Description | 'Commercial and Industrial Lending — The Corporation originates commercial and industrial loans primarily to businesses located in its primary market area and surrounding areas. These loans are used for various business purposes which include short-term loans and lines of credit to finance machinery and equipment purchases, inventory, and accounts receivable. Generally, the maximum term for loans extended on machinery and equipment is based on the projected useful life of such machinery and equipment. Most business lines of credit are written on demand and may be renewed annually.Commercial and industrial loans are generally secured with short-term assets; however, in many cases, additional collateral such as real estate is provided as additional security for the loan. Loan-to-value maximum values have been established by the Corporation and are specific to the type of collateral. Collateral values may be determined using invoices, inventory reports, accounts receivable aging reports, collateral appraisals, etc. In underwriting commercial and industrial loans, an analysis is performed to evaluate the borrower’s character and capacity to repay the loan, the adequacy of the borrower’s capital and collateral, as well as the conditions affecting the borrower. Evaluation of the borrower’s past, present and future cash flows is also an important aspect of the Corporation’s analysis. Commercial loans generally present a higher level of risk than other types of loans due primarily to the effect of general economic conditions. |
Commercial real estate [Member] | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Loans and Leases Receivable, Description | 'Commercial Real Estate Lending — The Corporation engages in commercial real estate lending in its primary market area and surrounding areas. The Corporation’s commercial loan portfolio is secured primarily by commercial retail space, office buildings, and hotels. Generally, commercial real estate loans have terms that do not exceed 20 years, have loan-to-value ratios of up to 80% of the appraised value of the property, and are typically secured by personal guarantees of the borrowers. In underwriting these loans, the Corporation performs a thorough analysis of the financial condition of the borrower, the borrower’s credit history, and the reliability and predictability of the cash flow generated by the property securing the loan. Appraisals on properties securing commercial real estate loans originated by the Corporation are performed by independent appraisers. Commercial real estate loans generally present a higher level of risk than other types of loans due primarily to the effect of general economic conditions and the complexities involved in valuing the underlying collateral. |
Commercial real estate construction [Member] | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Loans and Leases Receivable, Description | 'Commercial Real Estate Construction Lending — The Corporation engages in commercial real estate construction lending in its primary market area and surrounding areas. The Corporation’s commercial real estate construction lending consists of commercial and residential site development loans, as well as commercial building construction and residential housing construction loans. The Corporation’s commercial real estate construction loans are generally secured with the subject property. Terms of construction loans depend on the specifics of the project, such as estimated absorption rates, estimated time to complete, etc. In underwriting commercial real estate construction loans, the Corporation performs a thorough analysis of the financial condition of the borrower, the borrower’s credit history, and the reliability and predictability of the cash flow generated by the project using feasibility studies, market data, etc. Appraisals on properties securing commercial real estate construction loans originated by the Corporation are performed by independent appraisers. Commercial real estate construction loans generally present a higher level of risk than other types of loans due primarily to the effect of general economic conditions and the uncertainties surrounding total construction costs. |
Residential mortgage [Member] | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Loans and Leases Receivable, Description | 'Residential Mortgage Lending — One-to-four family residential mortgage loan originations, including home equity closed-end loans, are generated by the Corporation’s marketing efforts, its present customers, walk-in customers, and referrals. These loans originate primarily within the Corporation’s market area or with customers primarily from the market area. The Corporation offers fixed-rate and adjustable-rate mortgage loans with terms up to a maximum of 30 years for both permanent structures and those under construction. The Corporation’s one-to-four family residential mortgage originations are secured primarily by properties located in its primary market area and surrounding areas. The majority of the Corporation’s residential mortgage loans originate with a loan-to-value of 80% or less. Loans in excess of 80% are required to have private mortgage insurance. In underwriting one-to-four family residential real estate loans, the Corporation evaluates both the borrower’s financial ability to repay the loan as agreed and the value of the property securing the loan. Properties securing real estate loans made by the Corporation are appraised by independent appraisers. The Corporation generally requires borrowers to obtain an attorney’s title opinion or title insurance, as well as fire and property insurance (including flood insurance, if necessary) in an amount not less than the amount of the loan. The Corporation has not engaged in subprime residential mortgage originations. Residential mortgage loans present a moderate level of risk due primarily to general economic conditions, as well as a continued weak housing market. |
Residential Mortgage [Member] | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Financing Receivable, Loan to Value Ratio of Appraised Value of Property | 0.8 |
Home Equity Line of Credit [Member] | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Loans and Leases Receivable, Description | 'Home Equity Lines of Credit Lending — The Corporation originates home equity lines of credit primarily within the Corporation’s market area or with customers primarily from the market area. Home equity lines of credit are generated by the Corporation’s marketing efforts, its present customers, walk-in customers, and referrals. Home equity lines of credit are secured by the borrower’s primary residence with a maximum loan-to-value of 90% and a maximum term of 20 years. In underwriting home equity lines of credit, the Corporation evaluates both the value of the property securing the loan and the borrower’s financial ability to repay the loan as agreed. The ability to repay is determined by the borrower’s employment history, current financial condition, and credit background. Home equity lines of credit generally present a moderate level of risk due primarily to general economic conditions, as well as a continued weak housing market. Junior liens inherently have more credit risk by virtue of the fact that another financial institution may have a higher security position in the case of foreclosure liquidation of collateral to extinguish the debt. Generally, foreclosure actions could become more prevalent if the real estate market continues to be weak and property values deteriorate. |
Consumer [Member] | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Threshold Period Past Due for Write-off of Financing Receivable | '120 days |
Loans and Leases Receivable, Description | 'Consumer Lending — The Corporation offers a variety of secured and unsecured consumer loans, including those for vehicles and mobile homes and those secured by savings deposits. These loans originate primarily within the Corporation’s market area or with customers primarily from the market area. Consumer loan terms vary according to the type and value of collateral and the creditworthiness of the borrower. In underwriting consumer loans, a thorough analysis of the borrower’s financial ability to repay the loan as agreed is performed. The ability to repay is determined by the borrower’s employment history, current financial condition, and credit background. Consumer loans may entail greater credit risk than residential mortgage loans or home equity lines of credit, particularly in the case of consumer loans which are unsecured or are secured by rapidly depreciable assets such as automobiles or recreational equipment. In such cases, any repossessed collateral for a defaulted consumer loan may not provide an adequate source of repayment of the outstanding loan balance as a result of the greater likelihood of damage, loss or depreciation. In addition, consumer loan collections are dependent on the borrower’s continuing financial stability, and thus are more likely to be affected by adverse personal circumstances. Furthermore, the application of various federal and state laws, including bankruptcy and insolvency laws, may limit the amount which can be recovered on such loans. |
Maximum [Member] | Commercial real estate [Member] | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Financing Receivable, Term | '20 years |
Financing Receivable, Loan to Value Ratio of Appraised Value of Property | 0.8 |
Maximum [Member] | Residential Mortgage [Member] | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Financing Receivable, Term | '30 years |
Maximum [Member] | Home Equity Line of Credit [Member] | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' |
Financing Receivable, Term | '20 years |
Financing Receivable, Loan to Value Ratio of Appraised Value of Property | 0.9 |
Fair_Value_Measurements_Fair_V
Fair Value Measurements (Fair Value Measurements, Recurring and Nonrecurring) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | $122,064 | $129,983 | $135,163 |
Level 1 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 1,759 | 1,905 | ' |
Level 2 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 120,305 | 128,078 | ' |
U.S. Government and agencies [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 19,406 | 21,651 | ' |
State and municipal [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 38,882 | 41,522 | ' |
Corporate bonds [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 10,134 | 11,165 | ' |
CRA mutual fund [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 1,049 | 1,033 | ' |
Stock in other banks [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 710 | 872 | ' |
Fair Value, Measurements, Recurring [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 122,064 | 129,983 | ' |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 1,759 | 1,905 | ' |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 120,305 | 128,078 | ' |
Fair Value, Measurements, Recurring [Member] | U.S. Government and agencies [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 19,406 | 21,651 | ' |
Fair Value, Measurements, Recurring [Member] | U.S. Government and agencies [Member] | Level 2 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 19,406 | 21,651 | ' |
Fair Value, Measurements, Recurring [Member] | Mortgage-backed securities, residential [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 51,883 | 53,740 | ' |
Fair Value, Measurements, Recurring [Member] | Mortgage-backed securities, residential [Member] | Level 2 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 51,883 | 53,740 | ' |
Fair Value, Measurements, Recurring [Member] | State and municipal [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 38,882 | 41,522 | ' |
Fair Value, Measurements, Recurring [Member] | State and municipal [Member] | Level 2 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 38,882 | 41,522 | ' |
Fair Value, Measurements, Recurring [Member] | Corporate bonds [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 10,134 | 11,165 | ' |
Fair Value, Measurements, Recurring [Member] | Corporate bonds [Member] | Level 2 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 10,134 | 11,165 | ' |
Fair Value, Measurements, Recurring [Member] | CRA mutual fund [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 1,049 | 1,033 | ' |
Fair Value, Measurements, Recurring [Member] | CRA mutual fund [Member] | Level 1 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 1,049 | 1,033 | ' |
Fair Value, Measurements, Recurring [Member] | Stock in other banks [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 710 | 872 | ' |
Fair Value, Measurements, Recurring [Member] | Stock in other banks [Member] | Level 1 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Investment securities available for sale, Fair Value | 710 | 872 | ' |
Impaired Loans [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | 5,385 | 6,887 | ' |
Impaired Loans [Member] | Level 3 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | 5,385 | 6,887 | ' |
Foreclosed Assets Held For Resale [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | 171 | 413 | ' |
Foreclosed Assets Held For Resale [Member] | Level 3 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | $171 | $413 | ' |
Fair_Value_Measurements_Fair_V1
Fair Value Measurements (Fair Value Inputs, Assets, Quantitative Information) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Foreclosed Assets Held For Resale [Member] | Foreclosed Assets Held For Resale [Member] | Impaired Loans [Member] | Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired Loans [Member] | Impaired Loans [Member] | Foreclosed Assets Held For Resale [Member] | Foreclosed Assets Held For Resale [Member] | Impaired Loans [Member] | Impaired Loans [Member] | Foreclosed Assets Held For Resale [Member] | Foreclosed Assets Held For Resale [Member] | Estimate of Fair Value Measurement [Member] | Estimate of Fair Value Measurement [Member] | ||||||||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impaired loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $5,385 | $6,887 |
Discount rate | ' | ' | ' | -10.00% | -10.00% | -10.00% | -10.00% | -50.00% | -50.00% | -50.00% | -50.00% | -18.00% | -35.00% | -19.00% | -19.00% | ' | ' |
Foreclosed assets held for resale | $1,688 | $1,762 | $1,608 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $171 | $413 |
Fair_Value_Measurements_Fair_V2
Fair Value Measurements (Fair Value, by Balance Sheet Grouping) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Interest-bearing deposits in banks | $9,670,000 | $4,153,000 | $2,856,000 |
Investment securities available for sale, Fair Value | 122,064,000 | 129,983,000 | 135,163,000 |
Investment securities held to maturity | 74,338,000 | 92,082,000 | 94,667,000 |
Restricted investment in bank stocks | 5,239,000 | 6,861,000 | 4,189,000 |
Carrying Amount [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Cash and due from banks | 14,338,000 | 13,963,000 | ' |
Interest-bearing deposits in banks | 9,670,000 | 4,153,000 | ' |
Investment securities available for sale, Fair Value | 122,064,000 | 129,983,000 | ' |
Investment securities held to maturity | 75,407,000 | 94,373,000 | ' |
Loans held for sale | 1,482,000 | 496,000 | ' |
Loans, less allowance for loan losses | 750,920,000 | 712,557,000 | ' |
Accrued interest receivable | 2,888,000 | 3,027,000 | ' |
Restricted investment in bank stocks | 5,239,000 | 6,861,000 | ' |
Deposits | 824,012,000 | 800,643,000 | ' |
Short-term borrowings | 53,824,000 | 49,052,000 | ' |
Long-term borrowings | 69,505,000 | 82,703,000 | ' |
Accrued interest payable | 380,000 | 681,000 | ' |
Off-balance sheet financial instruments | 0 | 0 | ' |
Fair Value [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Cash and due from banks | 14,338,000 | 13,963,000 | ' |
Interest-bearing deposits in banks | 9,670,000 | 4,153,000 | ' |
Investment securities available for sale, Fair Value | 122,064,000 | 129,983,000 | ' |
Investment securities held to maturity | 74,338,000 | 92,082,000 | ' |
Loans held for sale | 1,482,000 | 496,000 | ' |
Loans, less allowance for loan losses | 762,293,000 | 724,937,000 | ' |
Accrued interest receivable | 2,888,000 | 3,027,000 | ' |
Restricted investment in bank stocks | 5,239,000 | 6,861,000 | ' |
Deposits | 824,325,000 | 801,063,000 | ' |
Short-term borrowings | 53,824,000 | 49,052,000 | ' |
Long-term borrowings | 70,943,000 | 84,558,000 | ' |
Accrued interest payable | 380,000 | 681,000 | ' |
Level 1 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Cash and due from banks | 6,361,000 | 7,755,000 | ' |
Interest-bearing deposits in banks | 9,670,000 | 4,153,000 | ' |
Investment securities available for sale, Fair Value | 1,759,000 | 1,905,000 | ' |
Level 2 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Cash and due from banks | 7,977,000 | 6,208,000 | ' |
Investment securities available for sale, Fair Value | 120,305,000 | 128,078,000 | ' |
Investment securities held to maturity | 74,338,000 | 92,082,000 | ' |
Loans held for sale | 1,482,000 | 496,000 | ' |
Accrued interest receivable | 2,888,000 | 3,027,000 | ' |
Restricted investment in bank stocks | 5,239,000 | 6,861,000 | ' |
Deposits | 824,325,000 | 801,063,000 | ' |
Short-term borrowings | 53,824,000 | 49,052,000 | ' |
Long-term borrowings | 70,943,000 | 84,558,000 | ' |
Accrued interest payable | 380,000 | 681,000 | ' |
Level 3 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Loans, less allowance for loan losses | $762,293,000 | $724,937,000 | ' |
Securities_Sold_Under_Agreemen2
Securities Sold Under Agreements to Repurchase ("Repurchase Agreements") (Schedule of Repurchase Agreements) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | ||
In Thousands, unless otherwise specified | ||||
Disclosure of Repurchase Agreements [Abstract] | ' | ' | ||
Gross Amounts of Recognized Liabilities | $53,824 | [1] | $42,252 | [1] |
Net Amounts of Liabilities Presented in the Statements of Condition | 53,824 | [1] | 42,252 | [1] |
Gross Amounts Not offset in the Statements of Condition - Financial Instruments | -53,824 | [1] | -42,252 | [1] |
Pledged Assets Separately Reported, Securities Pledged for Repurchase Agreements, at Fair Value | $57,450 | $60,823 | ||
[1] | As of September 30, 2014, and December 31, 2013, the fair value of securities pledged in connection with repurchase agreements was $57,450,000 and $60,823,000, respectively. |