Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 13, 2013 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Entity Registrant Name | 'UNITED SECURITY BANCSHARES INC | ' |
Entity Central Index Key | '0000717806 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 6,028,091 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Financial Condition (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
ASSETS | ' | ' |
Cash and Due from Banks | $12,048,000 | $12,181,000 |
Interest Bearing Deposits in Banks | 31,430,000 | 41,945,000 |
Total Cash and Cash Equivalents | 43,478,000 | 54,126,000 |
Federal Funds Sold | 5,000,000 | 5,000,000 |
Investment Securities Available-for-Sale, at fair value | 121,744,000 | 92,614,000 |
Investment Securities Held-to-Maturity, at amortized cost | 35,108,000 | 21,136,000 |
Federal Home Loan Bank Stock, at cost | 906,000 | 936,000 |
Loans, net of allowance for loan losses of $9,282 and $19,278, respectively | 304,778,000 | 337,400,000 |
Premises and Equipment, net | 8,756,000 | 8,903,000 |
Cash Surrender Value of Bank-Owned Life Insurance | 13,565,000 | 13,303,000 |
Accrued Interest Receivable | 2,527,000 | 3,101,000 |
Investment in Limited Partnerships | 819,000 | 836,000 |
Other Real Estate Owned | 11,372,000 | 13,286,000 |
Other Assets | 11,949,000 | 16,492,000 |
Total Assets | 560,002,000 | 567,133,000 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ' | ' |
Deposits | 476,020,000 | 489,034,000 |
Accrued Interest Expense | 263,000 | 413,000 |
Other Liabilities | 7,535,000 | 8,401,000 |
Short-Term Borrowings | 1,777,000 | 638,000 |
Long Term Borrowings | 5,000,000 | ' |
Total Liabilities | 490,595,000 | 498,486,000 |
Commitments and Contingencies | ' | ' |
Shareholders' Equity: | ' | ' |
Common Stock, par value $0.01 per share, 10,000,000 shares authorized; 7,327,560 shares issued; 6,028,091 and 6,023,622 shares outstanding, respectively | 73,000 | 73,000 |
Surplus | 9,284,000 | 9,284,000 |
Accumulated Other Comprehensive Income, net of tax | 796,000 | 3,139,000 |
Retained Earnings | 80,259,000 | 77,287,000 |
Less Treasury Stock: 1,299,469 and 1,303,938 shares at cost, respectively | -20,992,000 | -21,123,000 |
Noncontrolling Interest | -13,000 | -13,000 |
Total Shareholders' Equity | 69,407,000 | 68,647,000 |
Total Liabilities and Shareholders' Equity | $560,002,000 | $567,133,000 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Financial Condition (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Loans, allowance for loan losses | $9,282 | $19,278 |
Common Stock, par value | $0.01 | $0.01 |
Common Stock, shares authorized | 10,000,000 | 10,000,000 |
Common Stock, shares issued | 7,327,560 | 7,327,560 |
Common Stock, shares outstanding | 6,028,091 | 6,023,622 |
Treasury Stock, shares | 1,299,469 | 1,303,938 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Operations (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
INTEREST INCOME: | ' | ' | ' | ' |
Interest and Fees on Loans | $7,413,000 | $8,488,000 | $23,020,000 | $26,454,000 |
Interest on Investment Securities | 857,000 | 840,000 | 2,276,000 | 2,632,000 |
Total Interest Income | 8,270,000 | 9,328,000 | 25,296,000 | 29,086,000 |
INTEREST EXPENSE: | ' | ' | ' | ' |
Interest on Deposits | 693,000 | 1,027,000 | 2,215,000 | 3,549,000 |
Interest on Borrowings | 9,000 | 4,000 | 13,000 | 119,000 |
Total Interest Expense | 702,000 | 1,031,000 | 2,228,000 | 3,668,000 |
NET INTEREST INCOME | 7,568,000 | 8,297,000 | 23,068,000 | 25,418,000 |
Provision for loan losses | 240,000 | 492,000 | 799,000 | 3,175,000 |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 7,328,000 | 7,805,000 | 22,269,000 | 22,243,000 |
NON-INTEREST INCOME: | ' | ' | ' | ' |
Service and Other Charges on Deposit Accounts | 586,000 | 639,000 | 1,734,000 | 1,870,000 |
Credit Life Insurance Income | 239,000 | 272,000 | 518,000 | 613,000 |
Other Income | 466,000 | 542,000 | 1,890,000 | 1,575,000 |
Total Non-Interest Income | 1,291,000 | 1,453,000 | 4,142,000 | 4,058,000 |
NON-INTEREST EXPENSE: | ' | ' | ' | ' |
Salaries and Employee Benefits | 4,029,000 | 3,433,000 | 12,006,000 | 10,912,000 |
Occupancy Expense | 495,000 | 488,000 | 1,456,000 | 1,416,000 |
Furniture and Equipment Expense | 301,000 | 317,000 | 865,000 | 970,000 |
Impairment on Other Real Estate | 215,000 | 377,000 | 577,000 | 3,241,000 |
Loss on Sale of Other Real Estate | 48,000 | 572,000 | 753,000 | 1,032,000 |
Other Expense | 2,277,000 | 2,375,000 | 6,576,000 | 7,261,000 |
Total Non-Interest Expense | 7,365,000 | 7,562,000 | 22,233,000 | 24,832,000 |
INCOME BEFORE INCOME TAXES | 1,254,000 | 1,696,000 | 4,178,000 | 1,469,000 |
PROVISION FOR INCOME TAXES | 350,000 | 517,000 | 1,206,000 | 157,000 |
Net income | $904,000 | $1,179,000 | $2,972,000 | $1,312,000 |
BASIC AND DILUTED NET INCOME PER SHARE | $0.15 | $0.20 | $0.49 | $0.22 |
DIVIDENDS PER SHARE | $0 | $0 | $0 | $0 |
Condensed_Consolidated_Stateme3
Condensed Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net income | $904 | $1,179 | $2,972 | $1,312 |
Other comprehensive income: | ' | ' | ' | ' |
Change in unrealized holding gains (losses) on available-for-sale securities arising during period, net of tax (benefit) of $(384), $74, $(1,406), and $279, respectively | -639 | 123 | -2,343 | 465 |
Total comprehensive income | $265 | $1,302 | $629 | $1,777 |
Condensed_Consolidated_Stateme4
Condensed Consolidated Statements of Comprehensive Income (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' | ' | ' |
Tax (benefits) on change in unrealized holding gains on available-for-sale securities arising during period | ($384) | $74 | ($1,406) | $279 |
Condensed_Consolidated_Stateme5
Condensed Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Net income | $2,972,000 | $1,312,000 |
Adjustments to reconcile net income to cash provided by operating activities: | ' | ' |
Depreciation | 520,000 | 524,000 |
Amortization of premiums and discounts, net | 641,000 | 890,000 |
Provision for loan losses | 799,000 | 3,175,000 |
Impairment of OREO | 577,000 | 3,241,000 |
Loss on sale of OREO | 753,000 | 1,032,000 |
Net other operating activities | 4,969,000 | 1,217,000 |
Total adjustments | 8,259,000 | 10,079,000 |
Net cash provided by operating activities | 11,231,000 | 11,391,000 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Proceeds from maturities and prepayments of investment securities, available-for-sale | 27,299,000 | 35,745,000 |
Proceeds from maturities and prepayments of investment securities, held-to-maturity | 9,224,000 | 1,170,000 |
Proceeds from redemption of Federal Home Loan Bank stock | 256,000 | 1,925,000 |
Proceeds from the sale of other real estate | 2,780,000 | 4,912,000 |
Purchase of premises and equipment | -82,000 | -420,000 |
Purchase of investment securities, available-for-sale | -60,825,000 | -16,296,000 |
Purchase of investment securities, held-to-maturity | -23,191,000 | -12,189,000 |
Purchase of FHLB stock | -225,000 | ' |
Net increase in federal funds sold | ' | -5,000,000 |
Net change in loan portfolio | 29,629,000 | 27,158,000 |
Net cash (used in) provided by investing activities | -15,135,000 | 37,005,000 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Net decrease in customer deposits | -13,014,000 | -20,446,000 |
Exercise of stock options | ' | 26,000 |
Increase (decrease) in borrowings | 6,139,000 | -19,023,000 |
Reissuance of treasury stock | 131,000 | 85,000 |
Net cash used in financing activities | -6,744,000 | -39,358,000 |
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | -10,648,000 | 9,038,000 |
CASH AND CASH EQUIVALENTS, beginning of period | 54,126,000 | 52,797,000 |
CASH AND CASH EQUIVALENTS, end of period | 43,478,000 | 61,835,000 |
Cash paid for: | ' | ' |
Interest | 2,377,000 | 3,935,000 |
Income taxes | 17,000 | 90,000 |
NON-CASH TRANSACTIONS: | ' | ' |
Other real estate acquired in settlement of loans | $2,196,000 | $6,019,000 |
General
General | 9 Months Ended | |
Sep. 30, 2013 | ||
Accounting Policies [Abstract] | ' | |
General | ' | |
1 | GENERAL | |
The accompanying unaudited interim condensed consolidated financial statements include the accounts of United Security Bancshares, Inc. (“USBI”) and its subsidiaries (collectively, the “Company”). USBI is the parent holding company of First United Security Bank (the “Bank” or “FUSB”). The Bank operates a finance company, Acceptance Loan Company, Inc. (“ALC”). All significant intercompany transactions and accounts have been eliminated. | ||
The unaudited interim condensed consolidated financial statements, in the opinion of management, reflect all adjustments necessary for a fair presentation of consolidated financial position, results of operations and cash flows for the periods presented. Such adjustments are of a normal, recurring nature. The results of operations for any interim period are not necessarily indicative of results expected for the fiscal year ending December 31, 2013. While certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”), management believes that the disclosures herein are adequate to make the information presented not misleading. These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in USBI’s Annual Report on Form 10-K for the year ended December 31, 2012. The accounting policies followed by the Company are set forth in Note 2, “Summary of Significant Accounting Policies,” of the Notes to Consolidated Financial Statements in USBI’s Annual Report on Form 10-K for the year ended December 31, 2012. In preparing the unaudited interim condensed consolidated financial statements, management evaluated subsequent events through the date on which the unaudited interim condensed consolidated financial statements were issued. |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 9 Months Ended | |
Sep. 30, 2013 | ||
Accounting Changes And Error Corrections [Abstract] | ' | |
Recent Accounting Pronouncements | ' | |
2 | RECENT ACCOUNTING PRONOUNCEMENTS | |
In December 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities. The amendments in this ASU affect all entities that have financial instruments and derivative instruments that are either (1) offset in accordance with either Accounting Standards Codification (“ASC”) Section 210-20-45 or Section 815-10-45 or (2) subject to an enforceable master netting arrangement or similar agreement. The requirements amend the disclosure requirements on offsetting in ASC Section 210-20-50. This information will enable users of an entity’s financial statements to evaluate the effect or potential effect of netting arrangements on an entity’s financial position, including the effect or potential effect of rights of setoff associated with certain financial instruments and derivative instruments in the scope of this ASU. An entity is required to apply the amendments for annual reporting periods beginning on or after January 1, 2013 and interim periods within those annual periods. An entity should provide the disclosures required by those amendments retrospectively for all comparative periods presented. The adoption of this guidance, which involves disclosure only, did not have a material impact on the Company’s consolidated financial position, results of operations or cash flows. | ||
In February 2013, the FASB issued ASU No. 2013-02, which updated ASC Topic 220, Comprehensive Income, which requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income. For other amounts that are not reclassified in their entirety to net income, an entity is required to cross-reference other disclosures required under GAAP that provide additional detail about those amounts. ASU No. 2013-02 is effective for annual reporting periods beginning on or after December 15, 2012 and interim periods within those annual periods. The adoption of ASU No. 2013-02 did not have a material impact on the Company’s consolidated financial position, results of operations or cash flows. |
Net_Income_Per_Share
Net Income Per Share | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Net Income Per Share | ' | ||||||||||||
3 | NET INCOME PER SHARE | ||||||||||||
Basic net income per share is computed by dividing net income by the weighted average shares during the three- and nine-month periods ended September 30, 2013 and 2012. Diluted net income per share for each of the three- and nine-month periods ended September 30, 2013 and 2012 is computed based on the weighted average shares outstanding during the period plus the dilutive effect of all potentially dilutive instruments outstanding. There were no outstanding potentially dilutive instruments during the three-and nine-month periods ended September 30, 2013 or 2012, and, therefore, basic and diluted weighted average shares outstanding were the same. | |||||||||||||
The following table represents the basic and diluted net income per share calculations for the three- and nine-month periods ended September 30, 2013 and 2012 (in thousands of dollars, except per share data): | |||||||||||||
Weighted | Basic and | ||||||||||||
Average | Diluted Net | ||||||||||||
Net | Shares | Income | |||||||||||
Income | Outstanding | Per Share | |||||||||||
For the Three Months Ended: | |||||||||||||
September 30, 2013 | $ | 904 | 6,027,562 | $ | 0.15 | ||||||||
September 30, 2012 | $ | 1,179 | 6,023,124 | $ | 0.2 | ||||||||
For the Nine Months Ended: | |||||||||||||
September 30, 2013 | $ | 2,972 | 6,024,935 | $ | 0.49 | ||||||||
September 30, 2012 | $ | 1,312 | 6,022,648 | $ | 0.22 |
Comprehensive_Income
Comprehensive Income | 9 Months Ended | |
Sep. 30, 2013 | ||
Equity [Abstract] | ' | |
Comprehensive Income | ' | |
4 | COMPREHENSIVE INCOME | |
Comprehensive income consists of net income and the change in the unrealized gains or losses on the Company’s available-for-sale securities portfolio arising during the period. In the calculation of comprehensive income, certain reclassification adjustments are made for any sale of investment securities to avoid double counting items that are displayed as part of net income for a period that also had been displayed as part of other comprehensive income in that period or earlier periods. |
Fair_Value_of_Financial_Instru
Fair Value of Financial Instruments | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value of Financial Instruments | ' | ||||||||||||||||||||
5 | FAIR VALUE OF FINANCIAL INSTRUMENTS | ||||||||||||||||||||
The Company follows the provisions of ASC Topic 820, Fair Value Measurements, which defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. | |||||||||||||||||||||
Fair Value Hierarchy | |||||||||||||||||||||
The assumptions used in the estimation of the fair value of the Company’s financial instruments are detailed below. Where quoted prices are not available, fair values are based on estimates using discounted cash flows and other valuation techniques. The use of discounted cash flows can be significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. The following disclosures should not be considered a surrogate of the liquidation value of the Company, but rather represent a good-faith estimate of the increase or decrease in value of financial instruments held by the Company since purchase, origination or issuance. | |||||||||||||||||||||
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between willing market participants at the measurement date. In determining fair value, the Company uses various methods, including market, income and cost approaches. Based on these approaches, the Company often utilizes certain assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and/or the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated or generally unobservable inputs. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Based on the observability of the inputs used in the valuation techniques, the Company is required to provide the following information according to the fair value hierarchy. The fair value hierarchy ranks the quality and reliability of the information used to determine fair values. Assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories: | |||||||||||||||||||||
• | Level 1 – Valuations for assets and liabilities traded in active exchange markets, such as the New York Stock Exchange. Level 1 also includes equity securities in banks that are publicly traded. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. | ||||||||||||||||||||
• | Level 2 – Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third-party pricing services for identical or similar assets or liabilities. | ||||||||||||||||||||
• | Level 3 – Valuations for assets and liabilities that are derived from other valuation methodologies, including option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer or broker-traded transactions. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities. | ||||||||||||||||||||
The Company rarely transfers assets and liabilities measured at fair value between Level 1 and Level 2 measurements. Trading account assets and securities available-for-sale may be periodically transferred to or from Level 3 valuation based on management’s conclusion regarding the best method of pricing for an individual security. Such transfers are accounted for as if they occurred at the beginning of a reporting period. There were no such transfers during the quarter ended September 30, 2013 or the year ended December 31, 2012. | |||||||||||||||||||||
Fair Value Measurements on a Recurring Basis | |||||||||||||||||||||
Available-for-Sale Securities | |||||||||||||||||||||
Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities would include exchange traded equities. Level 2 securities include U.S. treasury and agency securities, mortgage-backed agency securities, obligations of states and political subdivisions and certain corporate, asset-backed and other securities. Level 2 fair values are obtained from quoted prices of securities with similar characteristics. In certain cases, where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy. | |||||||||||||||||||||
The following table presents the balances of available-for-sale securities measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||
Fair Value Measurements at September 30, 2013 Using | |||||||||||||||||||||
Totals | Quoted | Significant | Significant | ||||||||||||||||||
At | Prices in | Other | Unobservable | ||||||||||||||||||
September 30, | Active | Observable | Inputs | ||||||||||||||||||
2013 | Markets For | Inputs | (Level 3) | ||||||||||||||||||
Identical | (Level 2) | ||||||||||||||||||||
Assets | |||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||
Mortgage-backed securities | $ | 102,020 | $ | — | $ | 102,020 | $ | — | |||||||||||||
Obligations of states, counties and political subdivisions | 14,877 | — | 14,877 | — | |||||||||||||||||
U.S. treasury securities | 3,846 | — | 3,846 | — | |||||||||||||||||
U.S. agencies | 1,001 | — | 1,001 | — | |||||||||||||||||
Fair Value Measurements at December 31, 2012 Using | |||||||||||||||||||||
Totals | Quoted | Significant | Significant | ||||||||||||||||||
At | Prices in | Other | Unobservable | ||||||||||||||||||
December 31, | Active | Observable | Inputs | ||||||||||||||||||
2012 | Markets For | Inputs | (Level 3) | ||||||||||||||||||
Identical | (Level 2) | ||||||||||||||||||||
Assets | |||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||
Mortgage-backed securities | $ | 77,553 | $ | — | $ | 77,553 | $ | — | |||||||||||||
Obligations of states, counties and political subdivisions | 14,981 | — | 14,981 | — | |||||||||||||||||
U.S. treasury securities | 80 | — | 80 | — | |||||||||||||||||
Fair Value Measurements on a Non-recurring Basis | |||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||
Estimates of fair value are determined based on a variety of information, including the use of available appraisals, estimates of market value by licensed appraisers or local real estate brokers and the knowledge and experience of the Company’s management related to values of properties in the Company’s market areas. Management takes into consideration the type, location and occupancy of the property, as well as current economic conditions in the area in which the property is located, in assessing estimates of fair value. Accordingly, fair value estimates for impaired loans are classified as Level 3. | |||||||||||||||||||||
Loan impairment is reported when full payment under the loan terms is not expected. Impaired loans are carried at the present value of estimated future cash flows using the loan’s existing rate or the fair value of collateral if the loan is collateral dependent. A portion of the allowance for loan losses is allocated to impaired loans if the value of such loans is deemed to be less than the unpaid balance. If these allocations cause the allowance for loan losses to increase, such increase is reported as a component of the provision for loan losses. When an impaired loan is determined to be collateral dependent, the fair value is determined through the utilization of a third-party appraisal. It is the policy of the Company to update appraisals every 18-24 months. The types of collateral influence the frequency of obtaining updated appraisals. Management knows the market trends of collateral values well and monitors trends in sales and valuations in all of the various categories of collateral. These trends influence how often new appraisals are obtained within the 18-24 month timeframe. An example would be loans collateralized by residential subdivision lots. The values of this type of collateral have been volatile in recent years, and, therefore, appraisals are generally updated at the lower end of the timeframe (i.e., closer to 18 months), while timberland appraisals which have been less volatile in recent years would be updated closer to the upper end of the timeframe (i.e., closer to 24 months). Any observed trend indicating significant changes in valuations would require updated appraisals. Based on experience, current appraisals are discounted 9% for estimated costs associated with foreclosures and costs to sell. If a loan is evaluated for impairment under ASC Topic 310-10-35, Accounting by Creditors for Impairment of a Loan, and the appraisal is outdated, a new appraisal is ordered. If the new appraisal is not received in sufficient time to assess any required impairment to meet financial reporting obligations, the old appraisal may be adjusted to reflect values observed in similar properties. In recent years, discounts have ranged from 20% to 30% and have been based on the most recent valuation/appraisal information available related to that particular type of loan/collateral. After a new appraisal is obtained, the analysis is updated to reflect the new valuation. Loan losses are charged against the allowance when management believes that the uncollectibility of a loan is confirmed. Loans, net of specific allowances, subject to this evaluation amounted to $9,848,600 and $14,956,079 as of September 30, 2013 and December 31, 2012, respectively. This valuation would be considered Level 3, consisting of appraisals of underlying collateral and discounted cash flow analysis. | |||||||||||||||||||||
Foreclosed Assets | |||||||||||||||||||||
Estimates of fair values are determined based on a variety of information, including the use of available appraisals, estimates of market value by licensed appraisers or local real estate brokers and the knowledge and experience of the Company’s management related to values of properties in the Company’s market areas. Management takes into consideration the type, location and occupancy of the property, as well as current economic conditions in the area in which the property is located, in assessing estimates of fair value. Accordingly, the fair value estimates for foreclosed real estate are classified as Level 3. | |||||||||||||||||||||
During 2013, certain foreclosed assets, upon initial recognition, were measured and reported at fair value through a charge-off to the allowance for loan losses based upon the fair value of the foreclosed asset. The fair value of a foreclosed asset, upon initial recognition, is estimated using Level 2 inputs based on observable market data or Level 3 inputs based on customized discounting criteria. Foreclosed assets measured at fair value upon initial recognition totaled $2,093,755 and $2,097,440 (utilizing Level 3 valuation inputs) as of September 30, 2013 and December 31, 2012, respectively. In connection with the measurement and initial recognition of the foregoing foreclosed assets, the Company recognized charge-offs of the allowance for loan losses totaling approximately $515,399 and $407,043 during the periods ended September 30, 2013 and December 31, 2012, respectively. Foreclosed assets totaling $2,640,103 and $9,270,443 (utilizing Level 3 valuation inputs) were remeasured at fair value at September 30, 2013 and December 31, 2012, respectively, resulting in impairment loss of $577,000 and $3,582,596 on other real estate owned during the periods ended September 30, 2013 and December 31, 2012, respectively. | |||||||||||||||||||||
The following table presents the balances of impaired loans and foreclosed assets measured at fair value on a non-recurring basis as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||
Fair Value Measurements at September 30, 2013 Using | |||||||||||||||||||||
Totals | Quoted | Significant | Significant | ||||||||||||||||||
At | Prices in | Other | Unobservable | ||||||||||||||||||
September 30, | Active | Observable | Inputs | ||||||||||||||||||
2013 | Markets For | Inputs | (Level 3) | ||||||||||||||||||
Identical | (Level 2) | ||||||||||||||||||||
Assets | |||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||
Impaired loans | $ | 9,849 | $ | — | $ | — | $ | 9,849 | |||||||||||||
Foreclosed property and other real estate | 4,734 | — | — | 4,734 | |||||||||||||||||
Fair Value Measurements at December 31, 2012 Using | |||||||||||||||||||||
Totals | Quoted | Significant | Significant | ||||||||||||||||||
At | Prices in | Other | Unobservable | ||||||||||||||||||
December 31, | Active | Observable | Inputs | ||||||||||||||||||
2012 | Markets For | Inputs | (Level 3) | ||||||||||||||||||
Identical | (Level 2) | ||||||||||||||||||||
Assets | |||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||
Impaired loans | $ | 14,956 | $ | — | $ | — | $ | 14,956 | |||||||||||||
Foreclosed property and other real estate | 11,368 | — | — | 11,368 | |||||||||||||||||
Non-Recurring Fair Value Measurements Using Significant Unobservable Inputs: | |||||||||||||||||||||
The following table presents information regarding assets and liabilities measured at fair value using significant unobservable inputs (Level 3) as of September 30, 2013. The table includes the valuation techniques and the significant unobservable inputs utilized. The range of each unobservable input, as well as the weighted-average within the range utilized at September 30, 2013, are both included. Following the table is a description of the valuation technique and the sensitivity of the technique to changes in the significant unobservable input. | |||||||||||||||||||||
Level 3 Significant Unobservable Input Assumptions | |||||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Quantitative | ||||||||||||||||||
September 30, | Range | ||||||||||||||||||||
2013 | of Unobservable | ||||||||||||||||||||
Inputs (Weighted- | |||||||||||||||||||||
Average) | |||||||||||||||||||||
(In | |||||||||||||||||||||
Thousands of | |||||||||||||||||||||
Dollars) | |||||||||||||||||||||
Non-recurring fair value measurements: | |||||||||||||||||||||
Impaired loans | $ | 9,849 | Multiple data points, including discount to appraised value of collateral based on recent market activity | Appraisal compatibility adjustment (discount) | 9% - 10% | ||||||||||||||||
-9.50% | |||||||||||||||||||||
Foreclosed property and other real estate | $ | 4,734 | Discount to appraised value of property based on recent market activity for sales of similar properties | Appraisal compatibility adjustment (discount) | 9% - 10% | ||||||||||||||||
-9.50% | |||||||||||||||||||||
Impaired loans | |||||||||||||||||||||
Impaired loans are valued based on multiple data points indicating the fair value for each loan. The primary data point for non-performing loans is the appraisal value of the underlying collateral to which a discount is applied. Management establishes this discount or comparability adjustment based on recent sales of similar property types. As liquidity in the market increases or decreases, the comparability adjustment and the resulting asset valuation are impacted. | |||||||||||||||||||||
Foreclosed property and other real estate | |||||||||||||||||||||
Foreclosed property and other real estate under a binding contract for sale are valued based on contract price. If no sales contract is pending for a specific property, management establishes a comparability adjustment to the appraised value based on historical activity considering proceeds for properties sold versus the corresponding appraised value. Increases or decreases in realization for properties sold impact the comparability adjustment for similar assets remaining on the balance sheet. | |||||||||||||||||||||
Fair Value of Financial Instruments | |||||||||||||||||||||
ASC 825, Financial Instruments, requires disclosure of fair value information about financial instruments, whether or not recognized on the face of the balance sheet, for which it is practicable to estimate that value. The following methods and assumptions were used by the Company in estimating the fair value of its financial instruments: | |||||||||||||||||||||
Cash, due from banks and federal funds sold: The carrying amount of cash, due from banks and federal funds sold approximates fair value. | |||||||||||||||||||||
Federal Home Loan Bank (“FHLB”): Based on the redemption provision of the FHLB, the stock has no quoted market value and is carried at cost. | |||||||||||||||||||||
Securities: Fair values of securities are based on quoted market prices where available. If quoted market prices are not available, estimated fair values are based on market prices of comparable instruments. | |||||||||||||||||||||
Accrued interest receivable and payable: The carrying amount of accrued interest approximates fair value. | |||||||||||||||||||||
Loans, net: For variable-rate loans, fair values are based on carrying values. Fixed-rate commercial loans, other installment loans and certain real estate mortgage loans are valued using discounted cash flows. The discount rate used to determine the present value of these loans is based on interest rates currently being charged by the Company on comparable loans as to credit risk and term. | |||||||||||||||||||||
Demand and savings deposits: The fair values of demand deposits are equal to the carrying value of such deposits. Demand deposits include non-interest bearing demand deposits, savings accounts, NOW accounts and money market demand accounts. | |||||||||||||||||||||
Time deposits: The fair values of relatively short-term time deposits are equal to their carrying values. Discounted cash flows are used to value long-term time deposits. The discount rate used is based on interest rates currently being offered by the Company on comparable deposits as to amount and term. | |||||||||||||||||||||
Short-term borrowings: These borrowings may consist of federal funds purchased, securities sold under agreements to repurchase and the floating rate borrowings from the FHLB account. Due to the short-term nature of these borrowings, fair values approximate carrying values. | |||||||||||||||||||||
Long-term borrowings: The fair value of this debt is estimated using discounted cash flows based on the Company’s current incremental borrowing rate for similar types of borrowing arrangements as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||
Off-balance sheet instruments: The carrying amount of commitments to extend credit and standby letters of credit approximates fair value. The carrying amount of the off-balance sheet financial instruments is based on fees currently charged to enter into such agreements. | |||||||||||||||||||||
The estimated fair value and related carrying or notional amounts, as well as the level within the fair value hierarchy, of the Company’s financial instruments at September 30, 2013 and December 31, 2012 were as follows: | |||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Carrying | Estimated | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Amount | Fair Value | ||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||
Assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 43,478 | $ | 43,478 | $ | 43,478 | $ | — | $ | — | |||||||||||
Investment securities available-for-sale | 121,744 | 121,744 | — | 121,744 | — | ||||||||||||||||
Investment securities held-to-maturity | 35,108 | 33,508 | — | 33,508 | — | ||||||||||||||||
Federal funds sold | 5,000 | 5,000 | 5,000 | — | — | ||||||||||||||||
Federal Home Loan Bank stock | 906 | 906 | — | 906 | — | ||||||||||||||||
Loans, net of allowance for loan losses | 304,778 | 305,032 | — | — | 305,032 | ||||||||||||||||
Liabilities: | |||||||||||||||||||||
Deposits | 476,020 | 476,534 | — | 476,534 | — | ||||||||||||||||
Short-term borrowings | 1,777 | 1,777 | — | 1,777 | — | ||||||||||||||||
Long-term borrowings | 5,000 | 5,009 | — | 5,009 | — | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Carrying | Estimated | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Amount | Fair Value | ||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||
Assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 54,126 | $ | 54,126 | $ | 54,126 | $ | — | $ | — | |||||||||||
Investment securities available-for-sale | 92,614 | 92,614 | — | 92,614 | — | ||||||||||||||||
Investment securities held-to-maturity | 21,136 | 21,185 | — | 21,185 | — | ||||||||||||||||
Federal funds sold | 5,000 | 5,000 | 5,000 | — | — | ||||||||||||||||
Federal Home Loan Bank stock | 936 | 936 | — | 936 | — | ||||||||||||||||
Loans, net of allowance for loan losses | 337,400 | 339,230 | — | — | 339,230 | ||||||||||||||||
Liabilities: | |||||||||||||||||||||
Deposits | 489,034 | 490,596 | — | 490,596 | — | ||||||||||||||||
Short-term borrowings | 638 | 638 | — | 638 | — |
Investment_Securities
Investment Securities | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||
Investment Securities | ' | ||||||||||||||||
6 | INVESTMENT SECURITIES | ||||||||||||||||
Details of investment securities available-for-sale and held-to-maturity at September 30, 2013 and December 31, 2012 are as follows: | |||||||||||||||||
Available-for-Sale | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||
Unrealized | Unrealized | Fair | |||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||
Mortgage-backed securities | $ | 101,147 | $ | 1,888 | $ | (1,015 | ) | $ | 102,020 | ||||||||
Obligations of states, counties and political subdivisions | 14,160 | 742 | (25 | ) | 14,877 | ||||||||||||
U.S. treasury securities | 4,164 | — | (318 | ) | 3,846 | ||||||||||||
Obligations of U.S. government sponsored agencies | 1,000 | 1 | — | 1,001 | |||||||||||||
Total | $ | 120,471 | $ | 2,631 | $ | (1,358 | ) | $ | 121,744 | ||||||||
Held-to-Maturity | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||
Unrealized | Unrealized | Fair | |||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||
U.S. agencies | $ | 35,108 | $ | — | $ | (1,600 | ) | $ | 33,508 | ||||||||
Available-for-Sale | |||||||||||||||||
December 31, 2012 | |||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||
Mortgage-backed securities | $ | 74,117 | $ | 3,468 | $ | (32 | ) | $ | 77,553 | ||||||||
Obligations of states, counties and political subdivisions | 13,395 | 1,586 | — | 14,981 | |||||||||||||
U.S. treasury securities | 80 | — | — | 80 | |||||||||||||
Total | $ | 87,592 | $ | 5,054 | $ | (32 | ) | $ | 92,614 | ||||||||
Held-to-Maturity | |||||||||||||||||
December 31, 2012 | |||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||
Unrealized | Unrealized | Fair | |||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||
U.S. agencies | $ | 21,136 | $ | 56 | $ | (7 | ) | $ | 21,185 | ||||||||
The scheduled maturities of investment securities available-for-sale and held-to-maturity at September 30, 2013 are presented in the following table: | |||||||||||||||||
Available-for-Sale | Held-to-Maturity | ||||||||||||||||
Amortized | Estimated | Amortized | Estimated | ||||||||||||||
Fair | Fair | ||||||||||||||||
Cost | Value | Cost | Value | ||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||
Maturing within one year | $ | 281 | $ | 284 | $ | — | $ | — | |||||||||
Maturing after one to five years | 10,641 | 11,127 | — | — | |||||||||||||
Maturing after five to ten years | 56,585 | 56,593 | 15,196 | 14,853 | |||||||||||||
Maturing after ten years | 52,964 | 53,740 | 19,912 | 18,655 | |||||||||||||
Total | $ | 120,471 | $ | 121,744 | $ | 35,108 | $ | 33,508 | |||||||||
For purposes of the maturity table, mortgage-backed securities, which are not due at a single maturity date, have been allocated over maturity groupings based on the weighted-average contractual maturities of underlying collateral. The mortgage-backed securities generally mature earlier than their weighted-average contractual maturities because of principal prepayments. | |||||||||||||||||
The following table reflects the Company’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, 2013 and December 31, 2012. Management evaluates securities for other-than-temporary impairment no less frequently than quarterly and more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) the length of time and the extent to which fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer and (3) whether the Company does not intend to sell these securities, and it is not more likely than not that the Company will be required to sell the securities before recovery of their amortized cost bases. At September 30, 2013 and December 31, 2012, based on the aforementioned considerations, management did not record an other-than-temporary impairment on any security that was in an unrealized loss position. | |||||||||||||||||
Available-for-Sale | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Less than 12 Months | 12 Months or More | ||||||||||||||||
Unrealized | Unrealized | ||||||||||||||||
Fair Value | Losses | Fair Value | Losses | ||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||
Mortgage-backed securities | $ | 50,328 | $ | (996 | ) | $ | 296 | $ | (19 | ) | |||||||
U.S. treasury securities | 3,766 | (318 | ) | — | — | ||||||||||||
Obligations of states, counties and political subdivisions | 1,944 | (25 | ) | — | — | ||||||||||||
$ | 56,038 | $ | (1,339 | ) | $ | 296 | $ | (19 | ) | ||||||||
Held-to-Maturity | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Less than 12 Months | 12 Months or More | ||||||||||||||||
Unrealized | Unrealized | ||||||||||||||||
Fair Value | Losses | Fair Value | Losses | ||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||
U.S. agencies | $ | 33,508 | $ | (1,600 | ) | $ | — | $ | — | ||||||||
Available-for-Sale | |||||||||||||||||
December 31, 2012 | |||||||||||||||||
Less than 12 Months | 12 Months or More | ||||||||||||||||
Unrealized | Unrealized | ||||||||||||||||
Fair Value | Losses | Fair Value | Losses | ||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||
U.S. treasury securities | $ | 80 | $ | — | $ | — | $ | — | |||||||||
Mortgage-backed securities | 1,173 | (3 | ) | 5,617 | (29 | ) | |||||||||||
$ | 1,253 | $ | (3 | ) | $ | 5,617 | $ | (29 | ) | ||||||||
Held-to-Maturity | |||||||||||||||||
December 31, 2012 | |||||||||||||||||
Less than 12 Months | 12 Months or More | ||||||||||||||||
Unrealized | Unrealized | ||||||||||||||||
Fair Value | Losses | Fair Value | Losses | ||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||
U.S. agencies | $ | 7,491 | $ | (7 | ) | $ | — | $ | — | ||||||||
As of September 30, 2013, two debt securities had been in a loss position for more than twelve months, and forty-three debt securities had been in a loss position for less than twelve months. The losses for all securities are considered to be a direct result of the effect that the current interest rate environment has on the value of debt securities and not related to the creditworthiness of the issuers. Further, the Company has the current intent and ability to retain its investments in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. Therefore, the Company has not recognized any other-than-temporary impairments. | |||||||||||||||||
Investment securities available-for-sale with a carrying value of $69.7 million and $61.6 million at September 30, 2013 and December 31, 2012, respectively, were pledged to secure public deposits and for other purposes. | |||||||||||||||||
There were no gross gains or losses realized on sales of securities available-for-sale during the periods ended September 30, 2013 or December 31, 2012, respectively. |
Investments_in_Limited_Partner
Investments in Limited Partnerships | 9 Months Ended | |
Sep. 30, 2013 | ||
Text Block [Abstract] | ' | |
Investments in Limited Partnerships | ' | |
7 | INVESTMENTS IN LIMITED PARTNERSHIPS | |
The Company has limited partnership investments in affordable housing projects for which it provides funding as a limited partner and receives tax credits related to its investments in the projects based on its partnership share. The Company has invested in limited partnerships of affordable housing projects, both as direct investments and investments in funds that invest solely in affordable housing projects. The Company has determined that these structures require evaluation as a variable interest entity (“VIE”) under ASC Topic 810, Consolidation. The Company consolidates one of the funds in which it has a 99.9% limited partnership interest. The resulting financial impact to the Company of the consolidation was a net increase to total assets of approximately $53,388 as of September 30, 2013. The remaining limited partnership investments are unconsolidated and are accounted for under the cost method as allowed under ASC Topic 325, Accounting for Tax Benefits Resulting from Investments in Affordable Housing Projects. The Company amortizes the excess of carrying value of the investment over its estimated residual value during the period in which tax credits are allocated to the investors. The Company’s maximum exposure to future loss related to these limited partnerships is limited to the $818,999 recorded investment. | ||
The assets and liabilities of these partnerships consist primarily of apartment complexes and related mortgages. The Company’s carrying value approximates cost or its underlying equity in the net assets of the partnerships. Market quotations are not available for any of the aforementioned partnerships. Management has no knowledge of intervening events since the date of the partnerships’ financial statements that would have had a material effect on the Company’s consolidated financial position or results of operations. | ||
The Company had no remaining cash commitments to these partnerships at September 30, 2013. |
Loans_and_Allowance_for_Loan_L
Loans and Allowance for Loan Losses | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||||||
Loans and Allowance for Loan Losses | ' | ||||||||||||||||||||||||||||
8 | LOANS AND ALLOWANCE FOR LOAN LOSSES | ||||||||||||||||||||||||||||
At September 30, 2013 and December 31, 2012, the composition of the loan portfolio by reporting segment and portfolio segment was as follows: | |||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
FUSB | ALC | Total | |||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 13,650 | $ | — | $ | 13,650 | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 35,532 | 27,807 | 63,339 | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 22,085 | — | 22,085 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 121,586 | — | 121,586 | ||||||||||||||||||||||||||
Other | 771 | — | 771 | ||||||||||||||||||||||||||
Commercial and industrial loans | 38,665 | — | 38,665 | ||||||||||||||||||||||||||
Consumer loans | 11,045 | 47,426 | 58,471 | ||||||||||||||||||||||||||
Other loans | 746 | — | 746 | ||||||||||||||||||||||||||
Total loans | $ | 244,080 | $ | 75,233 | $ | 319,313 | |||||||||||||||||||||||
Less: Unearned interest and fees | 160 | 5,093 | 5,253 | ||||||||||||||||||||||||||
Allowance for loan losses | 6,349 | 2,933 | 9,282 | ||||||||||||||||||||||||||
Net loans | $ | 237,571 | $ | 67,207 | $ | 304,778 | |||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
FUSB | ALC | Total | |||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 30,635 | $ | — | $ | 30,635 | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 38,450 | 33,047 | 71,497 | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 24,187 | — | 24,187 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 129,235 | — | 129,235 | ||||||||||||||||||||||||||
Other | 801 | — | 801 | ||||||||||||||||||||||||||
Commercial and industrial loans | 42,903 | — | 42,903 | ||||||||||||||||||||||||||
Consumer loans | 14,483 | 47,001 | 61,484 | ||||||||||||||||||||||||||
Other loans | 1,037 | — | 1,037 | ||||||||||||||||||||||||||
Total loans | $ | 281,731 | $ | 80,048 | $ | 361,779 | |||||||||||||||||||||||
Less: Unearned interest and fees | 175 | 4,926 | 5,101 | ||||||||||||||||||||||||||
Allowance for loan losses | 15,765 | 3,513 | 19,278 | ||||||||||||||||||||||||||
Net loans | $ | 265,791 | $ | 71,609 | $ | 337,400 | |||||||||||||||||||||||
The Company grants commercial, real estate and installment loans to its customers. Although the Company has a diversified loan portfolio, 69.3% and 70.9% of the portfolio was concentrated in loans secured by real estate located primarily within a single geographic region of the United States as of September 30, 2013 and December 31, 2012, respectively. | |||||||||||||||||||||||||||||
Portfolio Segments | |||||||||||||||||||||||||||||
The Company has divided the loan portfolio into eight portfolio segments, each with different risk characteristics and methodologies for assessing the risk described as follows: | |||||||||||||||||||||||||||||
Construction, land development and other land loans – Commercial construction, land and land development loans include the development of residential housing projects, loans for the development of commercial and industrial use property and loans for the purchase and improvement of raw land. These loans are secured in whole or in part by the underlying real estate collateral and are generally guaranteed by the principals of the borrowing entity. | |||||||||||||||||||||||||||||
Secured by 1–4 family residential properties – These loans include conventional mortgage loans on one-to-four family residential properties. These properties may serve as the borrower’s primary residence, vacation home or investment property. Also included in this portfolio are home equity loans and lines of credit. This type of lending, which is secured by a first or second mortgage on the borrower’s residence, allows customers to borrow against the equity in their home. | |||||||||||||||||||||||||||||
Secured by multi-family residential properties – These are mortgage loans secured by apartment buildings. | |||||||||||||||||||||||||||||
Secured by non-farm, non-residential properties – Commercial real estate loans include loans secured by commercial and industrial properties, office or mixed-use facilities, strip shopping centers or other commercial property. These loans are generally guaranteed by the principals of the borrowing entity. | |||||||||||||||||||||||||||||
Other real estate loans – Other real estate loans are loans primarily for agricultural production, secured by mortgages on farm land. | |||||||||||||||||||||||||||||
Commercial and industrial loans – Includes loans to commercial customers for use in normal business to finance working projects. These credits may be loans and lines of credit to financially strong borrowers, secured by inventories, equipment or receivables, and are generally guaranteed by the principals of the borrowing entity. | |||||||||||||||||||||||||||||
Consumer loans – Includes a variety of secured and unsecured personal loans, including automobile loans, loans for household and personal purposes and all other direct consumer installment loans. | |||||||||||||||||||||||||||||
Other loans – Other loans comprise overdrawn checking accounts reclassified to loans and overdraft lines of credit. | |||||||||||||||||||||||||||||
Related Party Loans | |||||||||||||||||||||||||||||
In the ordinary course of business, the Bank makes loans to certain officers and directors of USBI, the Bank and ALC, including companies with which they are associated. These loans are made on the same terms as those prevailing for comparable transactions with others. Such loans do not represent more than normal risk of collectibility, nor do they present other unfavorable features. The aggregate balances of such related party loans and commitments at September 30, 2013 and December 31, 2012 were $3,689,631 and $2,468,563, respectively. During the quarter ended September 30, 2013, no new loans were extended to these parties, and repayments by active related parties were $53,446. During the year ended December 31, 2012, new loans to these parties totaled $310,265, and repayments by active related parties were $747,536. | |||||||||||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||||||||||
The following tables present changes in the allowance for loan losses by reporting segment and loan type as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||
FUSB | |||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 977 | $ | 14,216 | $ | 168 | $ | 338 | $ | 66 | $ | — | $ | 15,765 | |||||||||||||||
Charge-offs | 462 | 7,950 | 248 | 493 | 2 | — | 9,155 | ||||||||||||||||||||||
Recoveries | 87 | 43 | 65 | 4 | 2 | — | 201 | ||||||||||||||||||||||
Provision | 168 | (1,381 | ) | 195 | 599 | (43 | ) | — | (462 | ) | |||||||||||||||||||
Ending balance | 770 | 4,928 | 180 | 448 | 23 | — | 6,349 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 224 | 2,561 | — | — | — | — | 2,785 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 546 | $ | 2,367 | $ | 180 | $ | 448 | $ | 23 | $ | — | $ | 3,564 | |||||||||||||||
Loan receivables: | |||||||||||||||||||||||||||||
Ending balance | 38,665 | 158,092 | 11,045 | 35,532 | 746 | — | 244,080 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 788 | 34,532 | — | 295 | — | — | 35,615 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 37,877 | $ | 123,560 | $ | 11,045 | $ | 35,237 | $ | 746 | $ | — | $ | 208,465 | |||||||||||||||
ALC | |||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | — | $ | — | $ | 2,733 | $ | 780 | $ | — | $ | — | $ | 3,513 | |||||||||||||||
Charge-offs | — | — | 2,129 | 407 | — | — | 2,536 | ||||||||||||||||||||||
Recoveries | — | — | 680 | 15 | — | — | 695 | ||||||||||||||||||||||
Provision | — | — | 1,075 | 186 | — | — | 1,261 | ||||||||||||||||||||||
Ending balance | — | — | 2,359 | 574 | — | — | 2,933 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | — | — | — | — | — | — | — | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | — | $ | — | $ | 2,359 | $ | 574 | $ | — | $ | — | $ | 2,933 | |||||||||||||||
Loan receivables: | |||||||||||||||||||||||||||||
Ending balance | — | — | 47,426 | 27,807 | — | — | 75,233 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | — | — | — | — | — | — | — | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | — | $ | — | $ | 47,426 | $ | 27,807 | $ | — | $ | — | $ | 75,233 | |||||||||||||||
FUSB & ALC | |||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 977 | $ | 14,216 | $ | 2,901 | $ | 1,118 | $ | 66 | $ | — | $ | 19,278 | |||||||||||||||
Charge-offs | 462 | 7,950 | 2,377 | 900 | 2 | — | 11,691 | ||||||||||||||||||||||
Recoveries | 87 | 43 | 745 | 19 | 2 | — | 896 | ||||||||||||||||||||||
Provision | 168 | (1,381 | ) | 1,270 | 785 | (43 | ) | — | 799 | ||||||||||||||||||||
Ending balance | 770 | 4,928 | 2,539 | 1,022 | 23 | — | 9,282 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 224 | 2,561 | — | — | — | — | 2,785 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 546 | $ | 2,367 | $ | 2,539 | $ | 1,022 | $ | 23 | $ | — | $ | 6,497 | |||||||||||||||
Loan receivables: | |||||||||||||||||||||||||||||
Ending balance | 38,665 | 158,092 | 58,471 | 63,339 | 746 | — | 319,313 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 788 | 34,532 | — | 295 | — | — | 35,615 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 37,877 | $ | 123,560 | $ | 58,471 | $ | 63,044 | $ | 746 | $ | — | $ | 283,698 | |||||||||||||||
FUSB | |||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 889 | $ | 16,533 | $ | 306 | $ | 684 | $ | 78 | $ | 201 | $ | 18,691 | |||||||||||||||
Charge-offs | 1,278 | 3,395 | 199 | 199 | 16 | — | 5,087 | ||||||||||||||||||||||
Recoveries | 156 | 606 | 79 | 24 | 2 | — | 867 | ||||||||||||||||||||||
Provision | 1,210 | 472 | (18 | ) | (171 | ) | 2 | (201 | ) | 1,294 | |||||||||||||||||||
Ending balance | 977 | 14,216 | 168 | 338 | 66 | — | 15,765 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 406 | 10,818 | — | — | — | — | 11,224 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 571 | $ | 3,398 | $ | 168 | $ | 338 | $ | 66 | $ | — | $ | 4,541 | |||||||||||||||
Loan receivables: | |||||||||||||||||||||||||||||
Ending balance | 42,903 | 184,858 | 14,483 | 38,450 | 1,037 | — | 281,731 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 1,085 | 52,893 | — | 325 | — | — | 54,303 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 41,818 | $ | 131,965 | $ | 14,483 | $ | 38,125 | $ | 1,037 | $ | — | $ | 227,428 | |||||||||||||||
ALC | |||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | — | $ | — | $ | 2,542 | $ | 1,034 | $ | — | $ | — | $ | 3,576 | |||||||||||||||
Charge-offs | — | — | 3,249 | 713 | — | — | 3,962 | ||||||||||||||||||||||
Recoveries | — | — | 815 | 40 | — | — | 855 | ||||||||||||||||||||||
Provision | — | — | 2,625 | 419 | — | — | 3,044 | ||||||||||||||||||||||
Ending balance | — | — | 2,733 | 780 | — | — | 3,513 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | — | — | — | — | — | — | — | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | — | $ | — | $ | 2,733 | $ | 780 | $ | — | $ | — | $ | 3,513 | |||||||||||||||
Loan receivables: | |||||||||||||||||||||||||||||
Ending balance | — | — | 47,001 | 33,047 | — | — | 80,048 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | — | — | — | — | — | — | — | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | — | $ | — | $ | 47,001 | $ | 33,047 | $ | — | $ | — | $ | 80,048 | |||||||||||||||
FUSB & ALC | |||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 889 | $ | 16,533 | $ | 2,848 | $ | 1,718 | $ | 78 | $ | 201 | $ | 22,267 | |||||||||||||||
Charge-offs | 1,278 | 3,395 | 3,448 | 912 | 16 | — | 9,049 | ||||||||||||||||||||||
Recoveries | 156 | 606 | 894 | 64 | 2 | — | 1,722 | ||||||||||||||||||||||
Provision | 1,210 | 472 | 2,607 | 248 | 2 | (201 | ) | 4,338 | |||||||||||||||||||||
Ending balance | 977 | 14,216 | 2,901 | 1,118 | 66 | — | 19,278 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 406 | 10,818 | — | — | — | — | 11,224 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 571 | $ | 3,398 | $ | 2,901 | $ | 1,118 | $ | 66 | $ | — | $ | 8,054 | |||||||||||||||
— | |||||||||||||||||||||||||||||
Loan receivables: | |||||||||||||||||||||||||||||
Ending balance | 42,903 | 184,858 | 61,484 | 71,497 | 1,037 | — | 361,779 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 1,085 | 52,893 | — | 325 | — | — | 54,303 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 41,818 | $ | 131,965 | $ | 61,484 | $ | 71,172 | $ | 1,037 | $ | — | $ | 307,476 | |||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||||||||||
The Bank has established a credit risk rating system to assess and manage the risk in the loan portfolio. It establishes a uniform framework and common language for assessing and monitoring risk in the portfolio. | |||||||||||||||||||||||||||||
The following is a guide for an 8-grade system of credit risk: | |||||||||||||||||||||||||||||
1 | Minimal Risk: Borrowers in this category have the lowest risk of any resulting loss. Borrowers are of the highest quality, presently and prospectively. | ||||||||||||||||||||||||||||
2 | Better Than Average Risk: Borrowers in the high end of medium range between borrowers who are definitely sound and those with minor risk characteristics. | ||||||||||||||||||||||||||||
3 | Moderate Risk: Borrowers in this category have little chance of resulting in a loss. This category should include the average loan, under average economic conditions. | ||||||||||||||||||||||||||||
4 | Acceptable Risk: Borrowers in this category have a limited chance of resulting in a loss. | ||||||||||||||||||||||||||||
5 | Special Mention (Potential Weakness): Borrowers in this category exhibit potential credit weaknesses or downward trends deserving Bank management’s close attention. If left uncorrected, these potential weaknesses may result in the deterioration of the repayment prospects for the asset or in the Bank’s credit position at some future date. Special mention loans are not adversely classified and do not expose the Bank to sufficient risk to warrant adverse classification. | ||||||||||||||||||||||||||||
Included in special mention assets could be workout or turnaround situations, as well as those borrowers previously rated 2-4 who have shown deterioration, for whatever reason, indicating a downgrading from the better grade. The special mention rating is designed to identify a specific level of risk and concern about a loan’s and/or borrower’s quality. Although a special mention asset has a higher probability of default than previously rated categories, its default is not imminent. | |||||||||||||||||||||||||||||
6 | Substandard (Definite Weakness – Loss Unlikely): These are borrowers with defined weaknesses that jeopardize the orderly liquidation of debt. A substandard loan is inadequately protected by the current sound worth and paying capacity of the obligor or by the collateral pledged, if any. Normal repayment from the borrower is in jeopardy, although no loss of principal is envisioned. There is a distinct possibility that a partial loss of interest and/or principal will occur if the deficiencies are not corrected. Loss potential, while existing in the aggregate amount of substandard assets, does not have to exist in individual assets classified as substandard. | ||||||||||||||||||||||||||||
7 | Doubtful: Borrowers classified doubtful have all the weaknesses found in substandard borrowers with the added provision that the weaknesses make collection of debt in full, based on currently existing facts, conditions and values, highly questionable and improbable. Serious problems exist to the point where partial loss of principal is likely. The possibility of loss is extremely high, but because of certain important, reasonably specific pending factors that may work to strengthen the assets, the loans’ classification as estimated losses is deferred until a more exact status may be determined. Pending factors include proposed merger, acquisition or liquidation procedures, capital injection, perfecting liens on additional collateral and refinancing plans. Management of borrowers classified doubtful may have demonstrated a history of failing to live up to agreements. | ||||||||||||||||||||||||||||
8 | Loss: Borrowers deemed incapable of repayment of unsecured debt. Loans to such borrowers are considered uncollectible and of such little value that continuance as active assets of the Bank is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value, but rather it is not prudent to defer writing off these worthless assets, even though partial recovery may be affected in the future. | ||||||||||||||||||||||||||||
The table below illustrates the carrying amount of loans by credit quality indicator at September 30, 2013: | |||||||||||||||||||||||||||||
FUSB | |||||||||||||||||||||||||||||
Pass | Special | Substandard | Doubtful | Total | |||||||||||||||||||||||||
4-Jan | Mention | 6 | 7 | ||||||||||||||||||||||||||
5 | |||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 4,299 | $ | 947 | $ | 8,404 | $ | — | $ | 13,650 | |||||||||||||||||||
Secured by 1-4 family residential properties | 29,666 | 1,841 | 4,025 | — | 35,532 | ||||||||||||||||||||||||
Secured by multi-family residential properties | 14,532 | — | 7,553 | — | 22,085 | ||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 97,425 | 7,178 | 16,983 | — | 121,586 | ||||||||||||||||||||||||
Other | 771 | — | — | — | 771 | ||||||||||||||||||||||||
Commercial and industrial loans | 31,729 | 1,269 | 5,667 | — | 38,665 | ||||||||||||||||||||||||
Consumer loans | 10,173 | 123 | 749 | — | 11,045 | ||||||||||||||||||||||||
Other loans | 742 | — | 4 | — | 746 | ||||||||||||||||||||||||
Total | $ | 189,337 | $ | 11,358 | $ | 43,385 | $ | — | $ | 244,080 | |||||||||||||||||||
ALC | |||||||||||||||||||||||||||||
Performing | Nonperforming | Total | |||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Secured by 1-4 family residential properties | $ | 27,085 | $ | 722 | $ | 27,807 | |||||||||||||||||||||||
Consumer loans | 46,088 | 1,338 | 47,426 | ||||||||||||||||||||||||||
Total | $ | 73,173 | $ | 2,060 | $ | 75,233 | |||||||||||||||||||||||
The table below illustrates the carrying amount of loans by credit quality indicator at December 31, 2012: | |||||||||||||||||||||||||||||
FUSB | |||||||||||||||||||||||||||||
Pass | Special | Substandard | Doubtful | Total | |||||||||||||||||||||||||
4-Jan | Mention | 6 | 7 | ||||||||||||||||||||||||||
5 | |||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 12,653 | $ | 1,235 | $ | 16,747 | $ | — | $ | 30,635 | |||||||||||||||||||
Secured by 1-4 family residential properties | 31,772 | 1,546 | 5,132 | — | 38,450 | ||||||||||||||||||||||||
Secured by multi-family residential properties | 10,776 | 3,132 | 10,279 | — | 24,187 | ||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 90,139 | 8,630 | 30,466 | — | 129,235 | ||||||||||||||||||||||||
Other | 801 | — | — | — | 801 | ||||||||||||||||||||||||
Commercial and industrial loans | 40,607 | 419 | 1,877 | — | 42,903 | ||||||||||||||||||||||||
Consumer loans | 13,394 | 188 | 901 | — | 14,483 | ||||||||||||||||||||||||
Other loans | 1,036 | — | 1 | — | 1,037 | ||||||||||||||||||||||||
Total | $ | 201,178 | $ | 15,150 | $ | 65,403 | $ | — | $ | 281,731 | |||||||||||||||||||
ALC | |||||||||||||||||||||||||||||
Performing | Nonperforming | Total | |||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Secured by 1-4 family residential properties | $ | 32,036 | $ | 1,011 | $ | 33,047 | |||||||||||||||||||||||
Consumer loans | 46,175 | 826 | 47,001 | ||||||||||||||||||||||||||
Total | $ | 78,211 | $ | 1,837 | $ | 80,048 | |||||||||||||||||||||||
The following table provides an aging analysis of past due loans by class at September 30, 2013: | |||||||||||||||||||||||||||||
FUSB | |||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater | Total Past | Current | Total | Recorded | |||||||||||||||||||||||
Past Due | Past Due | Than | Due | Loans | Investment > | ||||||||||||||||||||||||
90 Days | 90 Days and | ||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 233 | $ | — | $ | 3,132 | $ | 3,365 | $ | 10,285 | $ | 13,650 | $ | — | |||||||||||||||
Secured by 1-4 family residential properties | 438 | 236 | 1,062 | 1,736 | 33,796 | 35,532 | — | ||||||||||||||||||||||
Secured by multi-family residential Properties | — | — | 1,286 | 1,286 | 20,799 | 22,085 | — | ||||||||||||||||||||||
Secured by non-farm, non-residential properties | 693 | 105 | 3,579 | 4,377 | 117,209 | 121,586 | — | ||||||||||||||||||||||
Other | — | — | — | — | 771 | 771 | — | ||||||||||||||||||||||
Commercial and industrial loans | 68 | 83 | 55 | 206 | 38,459 | 38,665 | — | ||||||||||||||||||||||
Consumer loans | 128 | 19 | 25 | 172 | 10,873 | 11,045 | — | ||||||||||||||||||||||
Other loans | — | — | — | — | 746 | 746 | — | ||||||||||||||||||||||
Total | $ | 1,560 | $ | 443 | $ | 9,139 | $ | 11,142 | $ | 232,938 | $ | 244,080 | $ | — | |||||||||||||||
ALC | |||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater | Total Past | Current | Total | Recorded | |||||||||||||||||||||||
Past Due | Past Due | Than | Due | Loans | Investment > | ||||||||||||||||||||||||
90 Days | 90 Days and | ||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||
Secured by 1-4 family residential properties | 286 | 92 | 763 | 1,141 | 26,666 | 27,807 | 665 | ||||||||||||||||||||||
Secured by multi-family residential properties | — | — | — | — | — | — | — | ||||||||||||||||||||||
Secured by non-farm, non-residential properties | — | — | — | — | — | — | — | ||||||||||||||||||||||
Other | — | — | — | — | — | — | — | ||||||||||||||||||||||
Commercial and industrial loans | — | — | — | — | — | — | — | ||||||||||||||||||||||
Consumer loans | 745 | 543 | 1,200 | 2,488 | 44,938 | 47,426 | 1,188 | ||||||||||||||||||||||
Other loans | — | — | — | — | — | — | — | ||||||||||||||||||||||
Total | $ | 1,031 | $ | 635 | $ | 1,963 | $ | 3,629 | $ | 71,604 | $ | 75,233 | $ | 1,853 | |||||||||||||||
The following table provides an aging analysis of past due loans by class at December 31, 2012: | |||||||||||||||||||||||||||||
FUSB | |||||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater | Total Past | Current | Total | Recorded | |||||||||||||||||||||||
Past Due | Past Due | Than | Due | Loans | Investment > | ||||||||||||||||||||||||
90 Days | 90 Days and | ||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 456 | $ | 1,126 | $ | 10,329 | $ | 11,911 | $ | 18,724 | $ | 30,635 | $ | — | |||||||||||||||
Secured by 1-4 family residential properties | 1,027 | 572 | 1,106 | 2,705 | 35,745 | 38,450 | — | ||||||||||||||||||||||
Secured by multi-family residential properties | — | — | 2,884 | 2,884 | 21,303 | 24,187 | — | ||||||||||||||||||||||
Secured by non-farm, non-residential properties | 210 | 32 | 4,930 | 5,172 | 124,063 | 129,235 | — | ||||||||||||||||||||||
Other | — | — | — | — | 801 | 801 | — | ||||||||||||||||||||||
Commercial and industrial loans | 430 | 59 | 480 | 969 | 41,934 | 42,903 | — | ||||||||||||||||||||||
Consumer loans | 407 | 89 | 66 | 562 | 13,921 | 14,483 | — | ||||||||||||||||||||||
Other loans | — | — | — | — | 1,037 | 1,037 | — | ||||||||||||||||||||||
Total | $ | 2,530 | $ | 1,878 | $ | 19,795 | $ | 24,203 | $ | 257,528 | $ | 281,731 | $ | — | |||||||||||||||
ALC | |||||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater | Total Past | Current | Total | Recorded | |||||||||||||||||||||||
Past Due | Past Due | Than | Due | Loans | Investment > | ||||||||||||||||||||||||
90 Days | 90 Days and | ||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||
Secured by 1-4 family residential properties | 348 | 173 | 1,075 | 1,596 | 31,451 | 33,047 | 851 | ||||||||||||||||||||||
Secured by multi-family residential properties | — | — | — | — | — | — | — | ||||||||||||||||||||||
Secured by non-farm, non-residential properties | — | — | — | — | — | — | — | ||||||||||||||||||||||
Other | — | — | — | — | — | — | — | ||||||||||||||||||||||
Commercial and industrial loans | — | — | — | — | — | — | — | ||||||||||||||||||||||
Consumer loans | 989 | 609 | 1,159 | 2,757 | 44,244 | 47,001 | 720 | ||||||||||||||||||||||
Other loans | — | — | — | — | — | — | — | ||||||||||||||||||||||
Total | $ | 1,337 | $ | 782 | $ | 2,234 | $ | 4,353 | $ | 75,695 | $ | 80,048 | $ | 1,571 | |||||||||||||||
The following table provides an analysis of non-accruing loans by class at September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||
Loans on Non-Accrual Status | |||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 4,330 | $ | 11,456 | |||||||||||||||||||||||||
Secured by 1-4 family residential properties | 1,978 | 2,441 | |||||||||||||||||||||||||||
Secured by multi-family residential properties | 1,286 | 2,884 | |||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 4,594 | 5,809 | |||||||||||||||||||||||||||
Commercial and industrial loans | 425 | 822 | |||||||||||||||||||||||||||
Consumer loans | 137 | 206 | |||||||||||||||||||||||||||
Total loans | $ | 12,750 | $ | 23,618 | |||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||
At September 30, 2013, the carrying amount of impaired loans consisted of the following: | |||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Carrying | Unpaid | Related | |||||||||||||||||||||||||||
Amount | Principal | Allowances | |||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Impaired loans with no related allowance recorded | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 6,570 | $ | 6,570 | $ | — | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 295 | 295 | — | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 1,054 | 1,054 | — | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 14,498 | 14,498 | — | ||||||||||||||||||||||||||
Commercial and industrial | 564 | 564 | — | ||||||||||||||||||||||||||
Total loans with no related allowance recorded | $ | 22,981 | $ | 22,981 | $ | — | |||||||||||||||||||||||
Impaired loans with an allowance recorded | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 1,461 | $ | 1,461 | $ | 263 | |||||||||||||||||||||||
Secured by multi-family residential properties | 6,499 | 6,499 | 1,699 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 4,450 | 4,450 | 599 | ||||||||||||||||||||||||||
Commercial and industrial | 224 | 224 | 224 | ||||||||||||||||||||||||||
Total loans with an allowance recorded | $ | 12,634 | $ | 12,634 | $ | 2,785 | |||||||||||||||||||||||
Total impaired loans | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 8,031 | $ | 8,031 | $ | 263 | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 295 | 295 | — | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 7,553 | 7,553 | 1,699 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 18,948 | 18,948 | 599 | ||||||||||||||||||||||||||
Commercial and industrial | 788 | 788 | 224 | ||||||||||||||||||||||||||
Total impaired loans | $ | 35,615 | $ | 35,615 | $ | 2,785 | |||||||||||||||||||||||
At December 31, 2012, the carrying amount of impaired loans consisted of the following: | |||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Carrying | Unpaid | Related | |||||||||||||||||||||||||||
Amount | Principal | Allowances | |||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Impaired loans with no related allowance recorded | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 2,645 | $ | 2,645 | $ | — | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 325 | 325 | — | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 3,027 | 3,027 | — | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 21,471 | 21,471 | — | ||||||||||||||||||||||||||
Commercial and industrial | 655 | 655 | — | ||||||||||||||||||||||||||
Total loans with no related allowance recorded | $ | 28,123 | $ | 28,123 | $ | — | |||||||||||||||||||||||
Impaired loans with an allowance recorded | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 12,658 | $ | 12,658 | $ | 7,453 | |||||||||||||||||||||||
Secured by multi-family residential properties | 7,252 | 7,252 | 1,865 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 5,840 | 5,840 | 1,500 | ||||||||||||||||||||||||||
Commercial and industrial | 430 | 430 | 406 | ||||||||||||||||||||||||||
Total loans with an allowance recorded | $ | 26,180 | $ | 26,180 | $ | 11,224 | |||||||||||||||||||||||
Total impaired loans | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 15,303 | $ | 15,303 | $ | 7,453 | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 325 | 325 | — | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 10,279 | 10,279 | 1,865 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 27,311 | 27,311 | 1,500 | ||||||||||||||||||||||||||
Commercial and industrial | 1,085 | 1,085 | 406 | ||||||||||||||||||||||||||
Total impaired loans | $ | 54,303 | $ | 54,303 | $ | 11,224 | |||||||||||||||||||||||
The average net investment in impaired loans and interest income recognized and received on impaired loans at September 30, 2013 and December 31, 2012 were as follows: | |||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Average | Interest | Interest | |||||||||||||||||||||||||||
Recorded | Income | Income | |||||||||||||||||||||||||||
Investment | Recognized | Received | |||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 11,656 | $ | 134 | $ | 135 | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 308 | 5 | 6 | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 9,075 | 298 | 304 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 23,527 | 741 | 726 | ||||||||||||||||||||||||||
Commercial and industrial | 1,061 | 28 | 28 | ||||||||||||||||||||||||||
Total impaired loans | $ | 45,627 | $ | 1,206 | $ | 1,199 | |||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Average | Interest | Interest | |||||||||||||||||||||||||||
Recorded | Income | Income | |||||||||||||||||||||||||||
Investment | Recognized | Received | |||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 18,283 | $ | 546 | $ | 598 | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 146 | 10 | 10 | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 4,942 | 483 | 455 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 29,627 | 1,452 | 1,477 | ||||||||||||||||||||||||||
Commercial and industrial | 1,222 | 38 | 42 | ||||||||||||||||||||||||||
Total impaired loans | $ | 54,220 | $ | 2,529 | $ | 2,582 | |||||||||||||||||||||||
Loans on which the accrual of interest has been discontinued amounted to $12,750,648 and $23,618,330 at September 30, 2013 and December 31, 2012, respectively. If interest on those loans had been accrued, such income would have approximated $333,637 and $1,058,377 for the quarter ended September 30, 2013 and the year ended December 31, 2012, respectively. Interest income actually recorded on those loans amounted to $30,880 and $157,601 for the quarter ended September 30, 2013 and the year ended December 31, 2012, respectively. Accruing loans past due 90 days or more amounted to $1,853,276 and $1,570,548 at September 30, 2013 and December 31, 2012, respectively. | |||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||
Loans are considered restructured loans if concessions have been granted to borrowers that are experiencing financial difficulty. The concessions granted generally involve the modification of terms of the loan, such as changes in payment schedule or interest rate, which generally would not otherwise be considered. Restructured loans can involve loans remaining on non-accrual, moving to non-accrual or continuing on accrual status, depending on the individual facts and circumstances of the borrower. Non-accrual restructured loans are included and treated with all other non-accrual loans. In addition, all accruing restructured loans are reported as troubled debt restructurings. Generally, restructured loans remain on non-accrual until the customer has attained a sustained period of repayment performance under the modified loan terms (generally a minimum of six months). However, performance prior to the restructuring, or significant events that coincide with the restructuring, are considered in assessing whether the borrower can meet the new terms and whether the loan should be returned to or maintained on non-accrual status. If the borrower’s ability to meet the revised payment schedule is not reasonably assured, the loan remains on non-accrual status. Based on the above, the Company had $6,116,647 and $12,397,049 of non-accruing loans that were restructured and remained on non-accrual status at September 30, 2013 and December 31, 2012, respectively. | |||||||||||||||||||||||||||||
The following table provides the number of loans modified in a troubled debt restructuring by loan portfolio as of September 30, 2013 and December 31, 2012, as well as the pre- and post-modification principal balance as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
Number | Pre- | Post- | Number | Pre- | Post- | ||||||||||||||||||||||||
of Loans | Modification | Modification | of Loans | Modification | Modification | ||||||||||||||||||||||||
Outstanding | Principal | Outstanding | Principal | ||||||||||||||||||||||||||
Principal | Balance | Principal | Balance | ||||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | 8 | $ | 12,580 | $ | 5,279 | 10 | $ | 11,267 | $ | 9,988 | |||||||||||||||||||
Secured by 1-4 family residential properties | 13 | 870 | 591 | 4 | 596 | 586 | |||||||||||||||||||||||
Secured by non-farm, non-residential properties | 8 | 1,892 | 1,633 | 6 | 1,811 | 1,586 | |||||||||||||||||||||||
Commercial loans | 3 | 371 | 331 | 4 | 380 | 356 | |||||||||||||||||||||||
Total | 32 | $ | 15,713 | $ | 7,834 | 24 | $ | 14,054 | $ | 12,516 | |||||||||||||||||||
The following table provides the number of loans modified in a troubled debt restructuring that have subsequently defaulted, by loan portfolio, as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
Number | Recorded | Number | Recorded | ||||||||||||||||||||||||||
of Loans | Investment | of Loans | Investment | ||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Troubled debt restructurings that have subsequently defaulted: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | 2 | $ | 2,083 | 6 | $ | 7,062 | |||||||||||||||||||||||
Secured by non-farm, non-residential properties | 4 | 1,073 | 2 | 433 | |||||||||||||||||||||||||
Commercial loans | — | — | 2 | 68 | |||||||||||||||||||||||||
Total | 6 | $ | 3,156 | 10 | $ | 7,563 | |||||||||||||||||||||||
Restructured loan modifications may include payment schedule modifications, interest rate concessions, maturity date extensions, modification of note structure, principal reduction or some combination of these concessions. | |||||||||||||||||||||||||||||
During the quarter ended September 30, 2013 and the year ended December 31, 2012, restructured loan modifications of loans secured by real estate and commercial and industrial loans primarily included maturity date extensions and payment schedule modifications. | |||||||||||||||||||||||||||||
The change in troubled debt restructuring from December 31, 2012 to September 30, 2013 was as follows: | |||||||||||||||||||||||||||||
September 30, | December 31, | Change | |||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 5,279 | $ | 9,988 | $ | (4,709 | ) | ||||||||||||||||||||||
Secured by 1-4 family residential properties | 591 | 586 | 5 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 1,633 | 1,586 | 47 | ||||||||||||||||||||||||||
Commercial and industrial loans | 331 | 356 | (25 | ) | |||||||||||||||||||||||||
Total | $ | 7,834 | $ | 12,516 | (4,682 | ) | |||||||||||||||||||||||
All loans $500,000 and over, modified in a troubled debt restructuring and rated substandard or lower, are evaluated for impairment. The nature and extent of impairment of restructured loans, including those that have experienced a subsequent payment default, is considered in the determination of an appropriate level of allowance for loan losses. This evaluation resulted in an allowance for loan losses on these restructured loans of $486,349 and $6,322,593 at September 30, 2013 and December 31, 2012, respectively. | |||||||||||||||||||||||||||||
Other_Real_Estate_Owned
Other Real Estate Owned | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||
Other Real Estate Owned | ' | ||||||||||||
9 | OTHER REAL ESTATE OWNED | ||||||||||||
Other real estate and certain other assets acquired in foreclosure are reported at the lower of the investment in the loan or fair value of the property less estimated costs to sell. The following table summarizes foreclosed property activity for the nine months ended September 30, 2013 and 2012. | |||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||
FUSB | ALC | TOTAL | |||||||||||
(Dollars in Thousands) | |||||||||||||
Balance December 31, 2012 | $ | 11,089 | $ | 2,197 | $ | 13,286 | |||||||
Transfers from loans | 1,770 | 426 | 2,196 | ||||||||||
Sales proceeds | (1,876 | ) | (905 | ) | (2,781 | ) | |||||||
Gross gains | 62 | 28 | 90 | ||||||||||
Gross losses | (155 | ) | (687 | ) | (842 | ) | |||||||
Net losses | (93 | ) | (659 | ) | (752 | ) | |||||||
Impairment | (368 | ) | (209 | ) | (577 | ) | |||||||
Balance September 30, 2013 | $ | 10,522 | $ | 850 | $ | 11,372 | |||||||
Nine Months Ended September 30, 2012 | |||||||||||||
FUSB | ALC | TOTAL | |||||||||||
(Dollars in Thousands) | |||||||||||||
Balance December 31, 2011 | $ | 12,606 | $ | 4,168 | $ | 16,774 | |||||||
Transfers from loans | 5,337 | 682 | 6,019 | ||||||||||
Sales proceeds | (3,670 | ) | (1,242 | ) | (4,912 | ) | |||||||
Gross gains | 11 | 63 | 74 | ||||||||||
Gross losses | (528 | ) | (578 | ) | (1,106 | ) | |||||||
Net losses | (517 | ) | (515 | ) | (1,032 | ) | |||||||
Impairment | (2,735 | ) | (506 | ) | (3,241 | ) | |||||||
Balance September 30, 2012 | $ | 11,021 | $ | 2,587 | $ | 13,608 | |||||||
Valuation adjustments are primarily recorded in other non-interest expense; adjustments are also recorded as a charge to the allowance for loan losses if incurred within 60 days after the date of transfer from loans. Valuation adjustments are primarily post-foreclosure write-downs that are a result of continued declining property values based on updated appraisals or other indications of value, such as offers to purchase. |
ShortTerm_Borrowings
Short-Term Borrowings | 9 Months Ended | |
Sep. 30, 2013 | ||
Debt Disclosure [Abstract] | ' | |
Short-Term Borrowings | ' | |
10 | SHORT-TERM BORROWINGS | |
Short-term borrowings consist of federal funds purchased and securities sold under repurchase agreements. Federal funds purchased generally mature within one to four days. There were no federal funds purchased outstanding at September 30, 2013 or December 31, 2012. | ||
Securities sold under repurchase agreements, which are secured borrowings, generally are reflected at the amount of cash received in connection with the transaction. The Company may be required to provide additional collateral based on the fair value of the underlying securities. The Company monitors the fair value of the underlying securities on a daily basis. Securities sold under repurchase agreements at September 30, 2013 and December 31, 2012 were $1,777,000 and $638,000, respectively. | ||
At September 30, 2013, the Bank had $17.8 million in available federal fund lines from correspondent banks. | ||
LongTerm_Borrowings
Long-Term Borrowings | 9 Months Ended | |
Sep. 30, 2013 | ||
Debt Disclosure [Abstract] | ' | |
Long-Term Borrowings | ' | |
11 | LONG-TERM BORROWINGS | |
The Company uses FHLB advances as an alternative to funding sources with similar maturities, such as certificates of deposit or other deposit programs. These advances generally offer more attractive rates when compared to other mid-term financing options. They are also flexible, allowing the Company to quickly obtain the necessary maturities and rates that best suit its overall asset/liability strategy. At September 30, 2013, the Company had advances outstanding of $5.0 million and assets pledged of $5.3 million. At December 31, 2012, no advances were outstanding, and no assets were pledged. | ||
At September 30, 2013, the Bank had $163.0 million in available credit from the FHLB. |
Income_Taxes
Income Taxes | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Income Taxes | ' | ||||||||
12 | INCOME TAXES | ||||||||
The Company files a consolidated income tax return with the federal government and the State of Alabama. ALC files a Mississippi state income tax return related to operations from its Mississippi branches. The Company is currently open to audit under the statute of limitations by the Internal Revenue Service and the states in which it files for the years ended December 31, 2009 through 2012. | |||||||||
As of September 30, 2013, the Company had no unrecognized tax benefits related to federal or state income tax matters and does not anticipate any material increase or decrease in unrecognized tax benefits relative to any tax positions taken prior to September 30, 2013. As of September 30, 2013, the Company had accrued no interest and no penalties related to uncertain tax positions. | |||||||||
The consolidated tax expense (benefit) differed from the amount computed by applying the federal statutory income tax rate of 34.0%, as described in the following table: | |||||||||
Nine Months Ended | |||||||||
September 30, | September 30, | ||||||||
2013 | 2012 | ||||||||
(Dollars in Thousands) | |||||||||
Income tax expense at federal statutory rate | $ | 1,421 | $ | 499 | |||||
Increase (decrease) resulting from: | |||||||||
Tax-exempt interest | (292 | ) | (274 | ) | |||||
State income tax expense, net of federal income taxes | 163 | 43 | |||||||
Other | (86 | ) | (111 | ) | |||||
Total | $ | 1,206 | $ | 157 | |||||
The Company’s determination of the realization of the net deferred tax asset is based on its assessment of all available positive and negative evidence. The Company is currently in a three-year cumulative loss position, which represents negative evidence. As of September 30, 2013, of the $7.1 million net deferred tax asset, $3.5 million related to the provision for loan losses, $1.8 million related to impairment of OREO and $1.6 million resulted from deferred compensation. As of December 31, 2012, of the $9.5 million net deferred tax asset, $7.3 million related to the provision for loan losses, $2.3 million related to impairment of OREO and $1.5 million resulted from deferred compensation. | |||||||||
At September 30, 2013, positive evidence supporting the realization of the deferred tax asset included a strong earnings history, exclusive of loan loss provisions and other real estate write-downs, which created the most significant portion of the deferred asset. The majority of these provisions and write-downs resulted from one type of loan – real estate development. The Company believes that impaired loans of this type have been identified and adequately reserved. Management has projected taxable income over the next five years resulting from reduced provisions for loan losses and reduced write-downs of OREO. Except in unusual circumstances, the Company no longer invests in these types of loans. | |||||||||
Along with the taxable income in 2012 and the first, second and third quarters of 2013, the Company has projected future taxable income over the next five tax years, although there can be no assurance that such income will be realized due to unanticipated changes in economic, competitive and other factors. Further positive evidence includes the Company’s strong capital position and history of significant pre-tax earnings, which the Company believes outweighs the negative evidence of recent pre-tax losses. Accordingly, a valuation allowance has not been established as of September 30, 2013. | |||||||||
Segment_Reporting
Segment Reporting | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||
Segment Reporting | ' | ||||||||||||||||||||
13 | SEGMENT REPORTING | ||||||||||||||||||||
Under ASC Topic 280, Segment Reporting, certain information is disclosed for the two reportable operating segments of the Company. The reportable segments were determined using the internal management reporting system. They are composed of USBI’s significant subsidiaries. The accounting policies for each segment are the same as those described in Note 2, “Summary of Significant Accounting Policies,” of the Notes to Consolidated Financial Statements in USBI’s Annual Report on Form 10-K for the period ended December 31, 2012. The segment results include certain overhead allocations and intercompany transactions that were recorded at current market prices. All intercompany transactions have been eliminated to determine the consolidated balances. The results for the two reportable segments of the Company are included in the following table: | |||||||||||||||||||||
FUSB | ALC | All Other | Eliminations | Consolidated | |||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
For the three months ended September 30, 2013: | |||||||||||||||||||||
Net interest income | $ | 4,190 | $ | 3,376 | $ | 2 | $ | — | $ | 7,568 | |||||||||||
Provision for loan losses | (300 | ) | 540 | — | — | 240 | |||||||||||||||
Total non-interest income | 913 | 360 | 1,267 | (1,249 | ) | 1,291 | |||||||||||||||
Total non-interest expense | 4,962 | 2,322 | 308 | (227 | ) | 7,365 | |||||||||||||||
Income before income taxes | 441 | 874 | 961 | (1,022 | ) | 1,254 | |||||||||||||||
Provision for income taxes | 12 | 337 | 1 | — | 350 | ||||||||||||||||
Net income | $ | 429 | $ | 537 | $ | 960 | $ | (1,022 | ) | $ | 904 | ||||||||||
Other significant items: | |||||||||||||||||||||
Total assets | $ | 561,325 | $ | 70,809 | $ | 75,422 | $ | (147,554 | ) | $ | 560,002 | ||||||||||
Total investment securities | 156,772 | — | 80 | — | 156,852 | ||||||||||||||||
Total loans, net | 292,180 | 67,207 | — | (54,609 | ) | 304,778 | |||||||||||||||
Investment in subsidiaries | 784 | — | 70,386 | (71,165 | ) | 5 | |||||||||||||||
Fixed asset additions | (6 | ) | 8 | — | — | 2 | |||||||||||||||
Depreciation expense | 131 | 49 | — | — | 180 | ||||||||||||||||
Total interest income from external customers | 4,096 | 4,174 | — | — | 8,270 | ||||||||||||||||
Total interest income from affiliates | 798 | — | 3 | (801 | ) | — | |||||||||||||||
For the nine months ended September 30, 2013: | |||||||||||||||||||||
Net interest income | $ | 12,706 | $ | 10,355 | $ | 7 | $ | — | $ | 23,068 | |||||||||||
Provision for loan losses | (462 | ) | 1,261 | — | — | 799 | |||||||||||||||
Total non-interest income | 3,239 | 1,045 | 3,778 | (3,920 | ) | 4,142 | |||||||||||||||
Total non-interest expense | 14,247 | 7,984 | 668 | (666 | ) | 22,233 | |||||||||||||||
Income before income taxes | 2,160 | 2,155 | 3,117 | (3,254 | ) | 4,178 | |||||||||||||||
Provision for income taxes | 371 | 833 | 2 | — | 1,206 | ||||||||||||||||
Net income | $ | 1,789 | $ | 1,322 | $ | 3,115 | $ | (3,254 | ) | $ | 2,972 | ||||||||||
Other significant items: | |||||||||||||||||||||
Fixed asset additions | $ | 56 | $ | 26 | $ | — | $ | — | $ | 82 | |||||||||||
Depreciation expense | 392 | 128 | — | — | 520 | ||||||||||||||||
Total interest income from external customers | 12,494 | 12,802 | — | — | 25,296 | ||||||||||||||||
Total interest income from affiliates | 2,447 | — | 7 | (2,454 | ) | — | |||||||||||||||
For the three months ended September 30, 2012: | |||||||||||||||||||||
Net interest income | $ | 4,617 | $ | 3,675 | $ | 5 | $ | — | $ | 8,297 | |||||||||||
Provision for loan losses | — | 492 | — | — | 492 | ||||||||||||||||
Total non-interest income | 1,017 | 361 | 1,610 | (1,535 | ) | 1,453 | |||||||||||||||
Total non-interest expense | 4,803 | 2,562 | 394 | (197 | ) | 7,562 | |||||||||||||||
Income before income taxes | 831 | 982 | 1,221 | (1,338 | ) | 1,696 | |||||||||||||||
Provision for income taxes | 136 | 379 | 2 | — | 517 | ||||||||||||||||
Net income | $ | 695 | $ | 603 | $ | 1,219 | $ | (1,338 | ) | $ | 1,179 | ||||||||||
Other significant items: | |||||||||||||||||||||
Total assets | $ | 584,884 | $ | 79,629 | $ | 74,280 | $ | (154,471 | ) | $ | 584,322 | ||||||||||
Total investment securities | 114,688 | — | 75 | — | 114,763 | ||||||||||||||||
Total loans, net | 335,487 | 73,565 | — | (64,319 | ) | 344,733 | |||||||||||||||
Investment in subsidiaries | 802 | — | 69,080 | (69,877 | ) | 5 | |||||||||||||||
Fixed asset additions | 99 | 32 | — | — | 131 | ||||||||||||||||
Depreciation expense | 127 | 38 | — | — | 165 | ||||||||||||||||
Total interest income from external customers | 4,701 | 4,627 | — | — | 9,328 | ||||||||||||||||
Total interest income from affiliates | 952 | — | 5 | (957 | ) | — | |||||||||||||||
For the nine months ended September 30, 2012: | |||||||||||||||||||||
Net interest income | $ | 14,548 | $ | 10,856 | $ | 14 | $ | — | $ | 25,418 | |||||||||||
Provision for loan losses | 1,523 | 1,652 | — | — | 3,175 | ||||||||||||||||
Total non-interest income | 2,987 | 1,020 | 2,254 | (2,203 | ) | 4,058 | |||||||||||||||
Total non-interest expense | 16,506 | 8,124 | 763 | (561 | ) | 24,832 | |||||||||||||||
Income before income taxes | (494 | ) | 2,100 | 1,505 | (1,642 | ) | 1,469 | ||||||||||||||
Provision for (benefit from) income taxes | (660 | ) | 812 | 5 | — | 157 | |||||||||||||||
Net income | $ | 166 | $ | 1,288 | $ | 1,500 | $ | (1,642 | ) | $ | 1,312 | ||||||||||
Other significant items: | |||||||||||||||||||||
Fixed asset additions | $ | 211 | $ | 209 | $ | — | $ | — | $ | 420 | |||||||||||
Depreciation expense | 408 | 116 | — | — | 524 | ||||||||||||||||
Total interest income from external customers | 15,296 | 13,790 | — | — | 29,086 | ||||||||||||||||
Total interest income from affiliates | 2,935 | — | 13 | (2,948 | ) | — |
Guarantees_Commitments_and_Con
Guarantees, Commitments and Contingencies | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||||
Guarantees, Commitments and Contingencies | ' | ||||||||
14 | GUARANTEES, COMMITMENTS AND CONTINGENCIES | ||||||||
The Bank’s exposure to credit loss in the event of nonperformance by the other party for commitments to make loans and standby letters of credit is represented by the contractual amount of those instruments. The Bank uses the same credit policies in making these commitments as it does for on-balance sheet instruments. For interest rate swap transactions and commitments to purchase or sell securities for forward delivery, the contract or notional amounts do not represent exposure to credit loss. The Bank controls the credit risk of these derivative instruments through credit approvals, limits and monitoring procedures. Certain derivative contracts have credit risk for the carrying value plus the amount to replace such contracts in the event of counterparty default. All of the Bank’s financial instruments are held for risk management and not for trading purposes. During the quarters ended September 30, 2013 and 2012, there were no credit losses associated with derivative contracts. | |||||||||
In the normal course of business, there are certain outstanding commitments and contingent liabilities, such as commitments to extend credit, letters of credit and others, that are not included in the consolidated financial statements. The financial instruments involve, to varying degrees, elements of credit and interest rate risk in excess of amounts recognized in the condensed consolidated financial statements. A summary of these commitments and contingent liabilities is presented below: | |||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
(Dollars in Thousands) | |||||||||
Standby Letters of Credit | $ | 946 | $ | 1,092 | |||||
Commitments to Extend Credit | $ | 31,363 | $ | 32,123 | |||||
Standby letters of credit are contingent commitments issued by the Bank generally to guarantee the performance of a customer to a third party. The Bank has recourse against the customer for any amount that it is required to pay to a third party under a standby letter of credit. Revenues are recognized over the lives of the standby letters of credit. The potential amount of future payments that the Bank could be required to make under its standby letters of credit at September 30, 2013 and December 31, 2012 was $946,000 and $1,092,000, respectively, representing the Bank’s total credit risk. | |||||||||
Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Bank evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on management’s credit evaluation of the counterparty. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment and income-producing commercial properties. | |||||||||
Commitments to purchase securities for delayed delivery require the Bank to purchase a specified security at a specified price for delivery on a specified date. Similarly, commitments to sell securities for delayed delivery require the Bank to sell a specified security at a specified price for delivery on a specified date. Market risk arises from potential movements in security values and interest rates between the commitment and delivery dates. At September 30, 2013 and December 31, 2012, there were no outstanding commitments to purchase and sell securities for delayed delivery. | |||||||||
Litigation | |||||||||
On September 27, 2007, Malcomb Graves Automotive, LLC (“Graves Automotive”), Malcomb Graves and Tina Graves filed a lawsuit in the Circuit Court of Shelby County, Alabama against USBI, the Bank, ALC and their respective directors and officers seeking an unspecified amount of compensatory and punitive damages. A former employee of ALC, Corey Mitchell, was named as a co-defendant, and ALC and the Bank filed a crossclaim against him seeking, among other relief, defense and indemnification for any damages suffered in the underlying lawsuit. The underlying complaint alleged that the defendants committed fraud in misrepresenting to Graves Automotive the amounts that Graves Automotive owed on certain loans and failing to credit Graves Automotive properly for certain loans. The defendants moved to compel arbitration, and the trial court denied the defendants’ motion. The defendants appealed this decision, and, on September 29, 2010, the Alabama Supreme Court affirmed the trial court’s denial of defendants’ motion. Following the return of the case to the active docket, on November 30, 2010, ALC and the Bank moved to dismiss the lawsuit. In response to this motion to dismiss, on June 15, 2011, the Circuit Court dismissed all claims against USBI, the Bank and their respective directors and officers and all claims that were brought by Malcomb Graves and Tina Graves in their individual capacities. The Circuit Court also dismissed Graves Automotive’s claims for conversion and negligent supervision against ALC and ordered Graves Automotive to re-plead its fraud allegations against ALC with more particularity. On September 15, 2011, Graves Automotive filed a third amended complaint in response to the Circuit Court’s June 15, 2011 order. In its third amended complaint, Graves Automotive asserted claims against ALC for breach of contract, fraud, unjust enrichment and conversion. ALC moved to dismiss the third amended complaint on many of the same grounds as set forth in its previous motion to dismiss. On October 13, 2011, the Circuit Court dismissed Graves Automotive’s conversion claim and again ordered Graves Automotive to re-plead its fraud claims with more particularity, this time within 60 days. On December 12, 2011, Graves Automotive filed its fourth amended complaint, this time asserting only two counts, breach of contract and unjust enrichment. Despite removing the fraud claims, the fourth amended complaint still requests punitive damages. On January 11, 2012, ALC filed a motion to dismiss the fourth amended complaint and to strike Graves Automotive’s request for punitive damages. This motion was heard on November 27, 2012, and the Circuit Court struck the punitive damages claim but allowed the breach of contract and unjust enrichment claims to go forward. The Circuit Court conducted a status conference on September 24, 2013 and ordered on September 30, 2013, as a result of the conference, Graves Automotive to produce all documents supporting its contentions within 30 days. Graves Automotive has failed to do so. ALC also has made a nominal settlement offer to avoid the costs associated with additional litigation. ALC has yet to receive a response to this offer. Although the ultimate outcome of this matter remains unknown, ALC continues to deny the allegations against it in the underlying lawsuit with respect to the remaining claims and intends to vigorously defend itself in this matter. | |||||||||
USBI and its subsidiaries also are parties to other litigation, and the Company intends to vigorously defend itself in all such litigation. In the opinion of the Company, based on review and consultation with legal counsel, the outcome of such other litigation should not have a material adverse effect on the Company’s consolidated financial statements or results of operations. | |||||||||
Contingencies Resolved Subsequent to Period End | |||||||||
On February 17, 2011, Wayne Allen Russell, Jr. (“Russell”) filed a lawsuit in the Circuit Court of Tuscaloosa County, Alabama against the Bank and Bill Morgan, who served as the Bank’s Business Development Officer. The allegations in the lawsuit relate to a mortgage on a parcel of real estate, executed by Russell in favor of the Bank as security for a loan, and certain related transactions, including foreclosure proceedings executed by the Bank. Additionally, on June 17, 2011, Mr. Russell’s wife, Rebecca Russell, in response to a lawsuit filed against Mrs. Russell by the Bank, filed a counterclaim against the Bank seeking compensatory and punitive damages, asserting that she was induced to mortgage a rental dwelling owned by her, the proceeds of which were paid upon certain obligations owed to the Bank by her husband, and that the Bank had orally agreed to refinance her loan as a part of an alleged refinancing promise by the Bank with respect to the obligations of Mr. Russell. On October 29, 2012, the Court granted summary judgment in favor of the Bank and Mr. Morgan with respect to all claims asserted in the consolidated lawsuits, and a subsequent motion to alter, amend or vacate filed by Mr. and Mrs. Russell was denied by operation of law. On March 25, 2013, Mr. and Mrs. Russell filed a Notice of Appeal to the Supreme Court of Alabama. On October 25, 2013, the Alabama Court of Civil Appeals affirmed the ruling of the lower court and the grant of summary judgment in favor of the Bank without an opinion. This concluded the appeal and the lawsuit. | |||||||||
On or about June 1, 2012, a former employee filed a complaint against the Bank with the Occupational Safety and Health Administration (“OSHA”) alleging violations of Section 806 of the Corporate and Criminal Fraud Accountability Act, 18 U.S.C. § 1514A (“Section 806”), and Section 1057 of the Consumer Financial Protection Act, 12 U.S.C. § 5567, in connection with his separation from the Bank in April 2012. Based on its investigation, OSHA concluded it had no reasonable cause to believe the statutes were violated. As was his right, however, the former employee timely requested a hearing before an Administrative Law Judge (“ALJ”) and filed an amended complaint in that forum. The Bank filed a motion to dismiss the amended complaint (in lieu of an answer), and the motion was granted as to all claims other than the claim alleging a violation of Section 806. On November 12, 2013, the Bank entered into a settlement agreement with the former employee to resolve the matter. In connection with the settlement agreement, any and all remaining claims alleged by the former employee against the Bank are due to be dismissed, with prejudice. | |||||||||
Recent_Accounting_Pronouncemen1
Recent Accounting Pronouncements (Policies) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Accounting Changes And Error Corrections [Abstract] | ' | ||||||||||||||||||||
Disclosures about Offsetting Assets and Liabilities | ' | ||||||||||||||||||||
In December 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities. The amendments in this ASU affect all entities that have financial instruments and derivative instruments that are either (1) offset in accordance with either Accounting Standards Codification (“ASC”) Section 210-20-45 or Section 815-10-45 or (2) subject to an enforceable master netting arrangement or similar agreement. The requirements amend the disclosure requirements on offsetting in ASC Section 210-20-50. This information will enable users of an entity’s financial statements to evaluate the effect or potential effect of netting arrangements on an entity’s financial position, including the effect or potential effect of rights of setoff associated with certain financial instruments and derivative instruments in the scope of this ASU. An entity is required to apply the amendments for annual reporting periods beginning on or after January 1, 2013 and interim periods within those annual periods. An entity should provide the disclosures required by those amendments retrospectively for all comparative periods presented. The adoption of this guidance, which involves disclosure only, did not have a material impact on the Company’s consolidated financial position, results of operations or cash flows. | |||||||||||||||||||||
Comprehensive Income | ' | ||||||||||||||||||||
In February 2013, the FASB issued ASU No. 2013-02, which updated ASC Topic 220, Comprehensive Income, which requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income. For other amounts that are not reclassified in their entirety to net income, an entity is required to cross-reference other disclosures required under GAAP that provide additional detail about those amounts. ASU No. 2013-02 is effective for annual reporting periods beginning on or after December 15, 2012 and interim periods within those annual periods. The adoption of ASU No. 2013-02 did not have a material impact on the Company’s consolidated financial position, results of operations or cash flows. | |||||||||||||||||||||
Fair Value Measurement | ' | ||||||||||||||||||||
The Company follows the provisions of ASC Topic 820, Fair Value Measurements, which defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. | |||||||||||||||||||||
Fair Value Hierarchy | |||||||||||||||||||||
The assumptions used in the estimation of the fair value of the Company’s financial instruments are detailed below. Where quoted prices are not available, fair values are based on estimates using discounted cash flows and other valuation techniques. The use of discounted cash flows can be significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. The following disclosures should not be considered a surrogate of the liquidation value of the Company, but rather represent a good-faith estimate of the increase or decrease in value of financial instruments held by the Company since purchase, origination or issuance. | |||||||||||||||||||||
Accounting by Creditors for Impairment of a Loan | ' | ||||||||||||||||||||
Loan impairment is reported when full payment under the loan terms is not expected. Impaired loans are carried at the present value of estimated future cash flows using the loan’s existing rate or the fair value of collateral if the loan is collateral dependent. A portion of the allowance for loan losses is allocated to impaired loans if the value of such loans is deemed to be less than the unpaid balance. If these allocations cause the allowance for loan losses to increase, such increase is reported as a component of the provision for loan losses. When an impaired loan is determined to be collateral dependent, the fair value is determined through the utilization of a third-party appraisal. It is the policy of the Company to update appraisals every 18-24 months. The types of collateral influence the frequency of obtaining updated appraisals. Management knows the market trends of collateral values well and monitors trends in sales and valuations in all of the various categories of collateral. These trends influence how often new appraisals are obtained within the 18-24 month timeframe. An example would be loans collateralized by residential subdivision lots. The values of this type of collateral have been volatile in recent years, and, therefore, appraisals are generally updated at the lower end of the timeframe (i.e., closer to 18 months), while timberland appraisals which have been less volatile in recent years would be updated closer to the upper end of the timeframe (i.e., closer to 24 months). Any observed trend indicating significant changes in valuations would require updated appraisals. Based on experience, current appraisals are discounted 9% for estimated costs associated with foreclosures and costs to sell. If a loan is evaluated for impairment under ASC Topic 310-10-35, Accounting by Creditors for Impairment of a Loan, and the appraisal is outdated, a new appraisal is ordered. If the new appraisal is not received in sufficient time to assess any required impairment to meet financial reporting obligations, the old appraisal may be adjusted to reflect values observed in similar properties. In recent years, discounts have ranged from 20% to 30% and have been based on the most recent valuation/appraisal information available related to that particular type of loan/collateral. After a new appraisal is obtained, the analysis is updated to reflect the new valuation. Loan losses are charged against the allowance when management believes that the uncollectibility of a loan is confirmed. Loans, net of specific allowances, subject to this evaluation amounted to $9,848,600 and $14,956,079 as of September 30, 2013 and December 31, 2012, respectively. This valuation would be considered Level 3, consisting of appraisals of underlying collateral and discounted cash flow analysis. | |||||||||||||||||||||
Financial Instruments | ' | ||||||||||||||||||||
ASC 825, Financial Instruments, requires disclosure of fair value information about financial instruments, whether or not recognized on the face of the balance sheet, for which it is practicable to estimate that value. The following methods and assumptions were used by the Company in estimating the fair value of its financial instruments: | |||||||||||||||||||||
Cash, due from banks and federal funds sold: The carrying amount of cash, due from banks and federal funds sold approximates fair value. | |||||||||||||||||||||
Federal Home Loan Bank (“FHLB”): Based on the redemption provision of the FHLB, the stock has no quoted market value and is carried at cost. | |||||||||||||||||||||
Securities: Fair values of securities are based on quoted market prices where available. If quoted market prices are not available, estimated fair values are based on market prices of comparable instruments. | |||||||||||||||||||||
Accrued interest receivable and payable: The carrying amount of accrued interest approximates fair value. | |||||||||||||||||||||
Loans, net: For variable-rate loans, fair values are based on carrying values. Fixed-rate commercial loans, other installment loans and certain real estate mortgage loans are valued using discounted cash flows. The discount rate used to determine the present value of these loans is based on interest rates currently being charged by the Company on comparable loans as to credit risk and term. | |||||||||||||||||||||
Demand and savings deposits: The fair values of demand deposits are equal to the carrying value of such deposits. Demand deposits include non-interest bearing demand deposits, savings accounts, NOW accounts and money market demand accounts. | |||||||||||||||||||||
Time deposits: The fair values of relatively short-term time deposits are equal to their carrying values. Discounted cash flows are used to value long-term time deposits. The discount rate used is based on interest rates currently being offered by the Company on comparable deposits as to amount and term. | |||||||||||||||||||||
Short-term borrowings: These borrowings may consist of federal funds purchased, securities sold under agreements to repurchase and the floating rate borrowings from the FHLB account. Due to the short-term nature of these borrowings, fair values approximate carrying values. | |||||||||||||||||||||
Long-term borrowings: The fair value of this debt is estimated using discounted cash flows based on the Company’s current incremental borrowing rate for similar types of borrowing arrangements as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||
Off-balance sheet instruments: The carrying amount of commitments to extend credit and standby letters of credit approximates fair value. The carrying amount of the off-balance sheet financial instruments is based on fees currently charged to enter into such agreements. | |||||||||||||||||||||
Consolidation | ' | ||||||||||||||||||||
The Company has determined that these structures require evaluation as a variable interest entity (“VIE”) under ASC Topic 810, Consolidation. The Company consolidates one of the funds in which it has a 99.9% limited partnership interest. The resulting financial impact to the Company of the consolidation was a net increase to total assets of approximately $53,388 as of September 30, 2013. | |||||||||||||||||||||
Accounting for Tax Benefits Resulting from Investments in Affordable Housing Projects | ' | ||||||||||||||||||||
The remaining limited partnership investments are unconsolidated and are accounted for under the cost method as allowed under ASC Topic 325, Accounting for Tax Benefits Resulting from Investments in Affordable Housing Projects. The Company amortizes the excess of carrying value of the investment over its estimated residual value during the period in which tax credits are allocated to the investors. The Company’s maximum exposure to future loss related to these limited partnerships is limited to the $818,999 recorded investment. | |||||||||||||||||||||
Segment Reporting | ' | ||||||||||||||||||||
Under ASC Topic 280, Segment Reporting, certain information is disclosed for the two reportable operating segments of the Company. The reportable segments were determined using the internal management reporting system. They are composed of USBI’s significant subsidiaries. The accounting policies for each segment are the same as those described in Note 2, “Summary of Significant Accounting Policies,” of the Notes to Consolidated Financial Statements in USBI’s Annual Report on Form 10-K for the period ended December 31, 2012. The segment results include certain overhead allocations and intercompany transactions that were recorded at current market prices. All intercompany transactions have been eliminated to determine the consolidated balances. The results for the two reportable segments of the Company are included in the following table: | |||||||||||||||||||||
FUSB | ALC | All Other | Eliminations | Consolidated | |||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
For the three months ended September 30, 2013: | |||||||||||||||||||||
Net interest income | $ | 4,190 | $ | 3,376 | $ | 2 | $ | — | $ | 7,568 | |||||||||||
Provision for loan losses | (300 | ) | 540 | — | — | 240 | |||||||||||||||
Total non-interest income | 913 | 360 | 1,267 | (1,249 | ) | 1,291 | |||||||||||||||
Total non-interest expense | 4,962 | 2,322 | 308 | (227 | ) | 7,365 | |||||||||||||||
Income before income taxes | 441 | 874 | 961 | (1,022 | ) | 1,254 | |||||||||||||||
Provision for income taxes | 12 | 337 | 1 | — | 350 | ||||||||||||||||
Net income | $ | 429 | $ | 537 | $ | 960 | $ | (1,022 | ) | $ | 904 | ||||||||||
Other significant items: | |||||||||||||||||||||
Total assets | $ | 561,325 | $ | 70,809 | $ | 75,422 | $ | (147,554 | ) | $ | 560,002 | ||||||||||
Total investment securities | 156,772 | — | 80 | — | 156,852 | ||||||||||||||||
Total loans, net | 292,180 | 67,207 | — | (54,609 | ) | 304,778 | |||||||||||||||
Investment in subsidiaries | 784 | — | 70,386 | (71,165 | ) | 5 | |||||||||||||||
Fixed asset additions | (6 | ) | 8 | — | — | 2 | |||||||||||||||
Depreciation expense | 131 | 49 | — | — | 180 | ||||||||||||||||
Total interest income from external customers | 4,096 | 4,174 | — | — | 8,270 | ||||||||||||||||
Total interest income from affiliates | 798 | — | 3 | (801 | ) | — | |||||||||||||||
For the nine months ended September 30, 2013: | |||||||||||||||||||||
Net interest income | $ | 12,706 | $ | 10,355 | $ | 7 | $ | — | $ | 23,068 | |||||||||||
Provision for loan losses | (462 | ) | 1,261 | — | — | 799 | |||||||||||||||
Total non-interest income | 3,239 | 1,045 | 3,778 | (3,920 | ) | 4,142 | |||||||||||||||
Total non-interest expense | 14,247 | 7,984 | 668 | (666 | ) | 22,233 | |||||||||||||||
Income before income taxes | 2,160 | 2,155 | 3,117 | (3,254 | ) | 4,178 | |||||||||||||||
Provision for income taxes | 371 | 833 | 2 | — | 1,206 | ||||||||||||||||
Net income | $ | 1,789 | $ | 1,322 | $ | 3,115 | $ | (3,254 | ) | $ | 2,972 | ||||||||||
Other significant items: | |||||||||||||||||||||
Fixed asset additions | $ | 56 | $ | 26 | $ | — | $ | — | $ | 82 | |||||||||||
Depreciation expense | 392 | 128 | — | — | 520 | ||||||||||||||||
Total interest income from external customers | 12,494 | 12,802 | — | — | 25,296 | ||||||||||||||||
Total interest income from affiliates | 2,447 | — | 7 | (2,454 | ) | — | |||||||||||||||
For the three months ended September 30, 2012: | |||||||||||||||||||||
Net interest income | $ | 4,617 | $ | 3,675 | $ | 5 | $ | — | $ | 8,297 | |||||||||||
Provision for loan losses | — | 492 | — | — | 492 | ||||||||||||||||
Total non-interest income | 1,017 | 361 | 1,610 | (1,535 | ) | 1,453 | |||||||||||||||
Total non-interest expense | 4,803 | 2,562 | 394 | (197 | ) | 7,562 | |||||||||||||||
Income before income taxes | 831 | 982 | 1,221 | (1,338 | ) | 1,696 | |||||||||||||||
Provision for income taxes | 136 | 379 | 2 | — | 517 | ||||||||||||||||
Net income | $ | 695 | $ | 603 | $ | 1,219 | $ | (1,338 | ) | $ | 1,179 | ||||||||||
Other significant items: | |||||||||||||||||||||
Total assets | $ | 584,884 | $ | 79,629 | $ | 74,280 | $ | (154,471 | ) | $ | 584,322 | ||||||||||
Total investment securities | 114,688 | — | 75 | — | 114,763 | ||||||||||||||||
Total loans, net | 335,487 | 73,565 | — | (64,319 | ) | 344,733 | |||||||||||||||
Investment in subsidiaries | 802 | — | 69,080 | (69,877 | ) | 5 | |||||||||||||||
Fixed asset additions | 99 | 32 | — | — | 131 | ||||||||||||||||
Depreciation expense | 127 | 38 | — | — | 165 | ||||||||||||||||
Total interest income from external customers | 4,701 | 4,627 | — | — | 9,328 | ||||||||||||||||
Total interest income from affiliates | 952 | — | 5 | (957 | ) | — | |||||||||||||||
For the nine months ended September 30, 2012: | |||||||||||||||||||||
Net interest income | $ | 14,548 | $ | 10,856 | $ | 14 | $ | — | $ | 25,418 | |||||||||||
Provision for loan losses | 1,523 | 1,652 | — | — | 3,175 | ||||||||||||||||
Total non-interest income | 2,987 | 1,020 | 2,254 | (2,203 | ) | 4,058 | |||||||||||||||
Total non-interest expense | 16,506 | 8,124 | 763 | (561 | ) | 24,832 | |||||||||||||||
Income before income taxes | (494 | ) | 2,100 | 1,505 | (1,642 | ) | 1,469 | ||||||||||||||
Provision for (benefit from) income taxes | (660 | ) | 812 | 5 | — | 157 | |||||||||||||||
Net income | $ | 166 | $ | 1,288 | $ | 1,500 | $ | (1,642 | ) | $ | 1,312 | ||||||||||
Other significant items: | |||||||||||||||||||||
Fixed asset additions | $ | 211 | $ | 209 | $ | — | $ | — | $ | 420 | |||||||||||
Depreciation expense | 408 | 116 | — | — | 524 | ||||||||||||||||
Total interest income from external customers | 15,296 | 13,790 | — | — | 29,086 | ||||||||||||||||
Total interest income from affiliates | 2,935 | — | 13 | (2,948 | ) | — |
Net_Income_Per_Share_Tables
Net Income Per Share (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Basic and Diluted Net Income Per Share Calculations | ' | ||||||||||||
The following table represents the basic and diluted net income per share calculations for the three- and nine-month periods ended September 30, 2013 and 2012 (in thousands of dollars, except per share data): | |||||||||||||
Weighted | Basic and | ||||||||||||
Average | Diluted Net | ||||||||||||
Net | Shares | Income | |||||||||||
Income | Outstanding | Per Share | |||||||||||
For the Three Months Ended: | |||||||||||||
September 30, 2013 | $ | 904 | 6,027,562 | $ | 0.15 | ||||||||
September 30, 2012 | $ | 1,179 | 6,023,124 | $ | 0.2 | ||||||||
For the Nine Months Ended: | |||||||||||||
September 30, 2013 | $ | 2,972 | 6,024,935 | $ | 0.49 | ||||||||
September 30, 2012 | $ | 1,312 | 6,022,648 | $ | 0.22 |
Fair_Value_of_Financial_Instru1
Fair Value of Financial Instruments (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Balances of Available-for-Sale Securities Measured at Fair Value on Recurring Basis | ' | ||||||||||||||||||||
The following table presents the balances of available-for-sale securities measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||
Fair Value Measurements at September 30, 2013 Using | |||||||||||||||||||||
Totals | Quoted | Significant | Significant | ||||||||||||||||||
At | Prices in | Other | Unobservable | ||||||||||||||||||
September 30, | Active | Observable | Inputs | ||||||||||||||||||
2013 | Markets For | Inputs | (Level 3) | ||||||||||||||||||
Identical | (Level 2) | ||||||||||||||||||||
Assets | |||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||
Mortgage-backed securities | $ | 102,020 | $ | — | $ | 102,020 | $ | — | |||||||||||||
Obligations of states, counties and political subdivisions | 14,877 | — | 14,877 | — | |||||||||||||||||
U.S. treasury securities | 3,846 | — | 3,846 | — | |||||||||||||||||
U.S. agencies | 1,001 | — | 1,001 | — | |||||||||||||||||
Fair Value Measurements at December 31, 2012 Using | |||||||||||||||||||||
Totals | Quoted | Significant | Significant | ||||||||||||||||||
At | Prices in | Other | Unobservable | ||||||||||||||||||
December 31, | Active | Observable | Inputs | ||||||||||||||||||
2012 | Markets For | Inputs | (Level 3) | ||||||||||||||||||
Identical | (Level 2) | ||||||||||||||||||||
Assets | |||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||
Mortgage-backed securities | $ | 77,553 | $ | — | $ | 77,553 | $ | — | |||||||||||||
Obligations of states, counties and political subdivisions | 14,981 | — | 14,981 | — | |||||||||||||||||
U.S. treasury securities | 80 | — | 80 | — | |||||||||||||||||
Balances of Impaired Loans and Foreclosed Assets Measured at Fair Value on Nonrecurring Basis | ' | ||||||||||||||||||||
The following table presents the balances of impaired loans and foreclosed assets measured at fair value on a non-recurring basis as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||
Fair Value Measurements at September 30, 2013 Using | |||||||||||||||||||||
Totals | Quoted | Significant | Significant | ||||||||||||||||||
At | Prices in | Other | Unobservable | ||||||||||||||||||
September 30, | Active | Observable | Inputs | ||||||||||||||||||
2013 | Markets For | Inputs | (Level 3) | ||||||||||||||||||
Identical | (Level 2) | ||||||||||||||||||||
Assets | |||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||
Impaired loans | $ | 9,849 | $ | — | $ | — | $ | 9,849 | |||||||||||||
Foreclosed property and other real estate | 4,734 | — | — | 4,734 | |||||||||||||||||
Fair Value Measurements at December 31, 2012 Using | |||||||||||||||||||||
Totals | Quoted | Significant | Significant | ||||||||||||||||||
At | Prices in | Other | Unobservable | ||||||||||||||||||
December 31, | Active | Observable | Inputs | ||||||||||||||||||
2012 | Markets For | Inputs | (Level 3) | ||||||||||||||||||
Identical | (Level 2) | ||||||||||||||||||||
Assets | |||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||
Impaired loans | $ | 14,956 | $ | — | $ | — | $ | 14,956 | |||||||||||||
Foreclosed property and other real estate | 11,368 | — | — | 11,368 | |||||||||||||||||
Summary of Assets and Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3) | ' | ||||||||||||||||||||
Following the table is a description of the valuation technique and the sensitivity of the technique to changes in the significant unobservable input. | |||||||||||||||||||||
Level 3 Significant Unobservable Input Assumptions | |||||||||||||||||||||
Fair Value | Valuation Technique | Unobservable Input | Quantitative | ||||||||||||||||||
September 30, | Range | ||||||||||||||||||||
2013 | of Unobservable | ||||||||||||||||||||
Inputs (Weighted- | |||||||||||||||||||||
Average) | |||||||||||||||||||||
(In | |||||||||||||||||||||
Thousands of | |||||||||||||||||||||
Dollars) | |||||||||||||||||||||
Non-recurring fair value measurements: | |||||||||||||||||||||
Impaired loans | $ | 9,849 | Multiple data points, including discount to appraised value of collateral based on recent market activity | Appraisal compatibility adjustment (discount) | 9% - 10% | ||||||||||||||||
-9.50% | |||||||||||||||||||||
Foreclosed property and other real estate | $ | 4,734 | Discount to appraised value of property based on recent market activity for sales of similar properties | Appraisal compatibility adjustment (discount) | 9% - 10% | ||||||||||||||||
-9.50% | |||||||||||||||||||||
Schedule of Estimated Fair Value and Related Carrying or Notional Amounts of Company's Financial Instruments | ' | ||||||||||||||||||||
The estimated fair value and related carrying or notional amounts, as well as the level within the fair value hierarchy, of the Company’s financial instruments at September 30, 2013 and December 31, 2012 were as follows: | |||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Carrying | Estimated | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Amount | Fair Value | ||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||
Assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 43,478 | $ | 43,478 | $ | 43,478 | $ | — | $ | — | |||||||||||
Investment securities available-for-sale | 121,744 | 121,744 | — | 121,744 | — | ||||||||||||||||
Investment securities held-to-maturity | 35,108 | 33,508 | — | 33,508 | — | ||||||||||||||||
Federal funds sold | 5,000 | 5,000 | 5,000 | — | — | ||||||||||||||||
Federal Home Loan Bank stock | 906 | 906 | — | 906 | — | ||||||||||||||||
Loans, net of allowance for loan losses | 304,778 | 305,032 | — | — | 305,032 | ||||||||||||||||
Liabilities: | |||||||||||||||||||||
Deposits | 476,020 | 476,534 | — | 476,534 | — | ||||||||||||||||
Short-term borrowings | 1,777 | 1,777 | — | 1,777 | — | ||||||||||||||||
Long-term borrowings | 5,000 | 5,009 | — | 5,009 | — | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Carrying | Estimated | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Amount | Fair Value | ||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||
Assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 54,126 | $ | 54,126 | $ | 54,126 | $ | — | $ | — | |||||||||||
Investment securities available-for-sale | 92,614 | 92,614 | — | 92,614 | — | ||||||||||||||||
Investment securities held-to-maturity | 21,136 | 21,185 | — | 21,185 | — | ||||||||||||||||
Federal funds sold | 5,000 | 5,000 | 5,000 | — | — | ||||||||||||||||
Federal Home Loan Bank stock | 936 | 936 | — | 936 | — | ||||||||||||||||
Loans, net of allowance for loan losses | 337,400 | 339,230 | — | — | 339,230 | ||||||||||||||||
Liabilities: | |||||||||||||||||||||
Deposits | 489,034 | 490,596 | — | 490,596 | — | ||||||||||||||||
Short-term borrowings | 638 | 638 | — | 638 | — |
Investment_Securities_Tables
Investment Securities (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||
Investment Securities Available-for-Sale and Held-to-Maturity | ' | ||||||||||||||||
Details of investment securities available-for-sale and held-to-maturity at September 30, 2013 and December 31, 2012 are as follows: | |||||||||||||||||
Available-for-Sale | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||
Unrealized | Unrealized | Fair | |||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||
Mortgage-backed securities | $ | 101,147 | $ | 1,888 | $ | (1,015 | ) | $ | 102,020 | ||||||||
Obligations of states, counties and political subdivisions | 14,160 | 742 | (25 | ) | 14,877 | ||||||||||||
U.S. treasury securities | 4,164 | — | (318 | ) | 3,846 | ||||||||||||
Obligations of U.S. government sponsored agencies | 1,000 | 1 | — | 1,001 | |||||||||||||
Total | $ | 120,471 | $ | 2,631 | $ | (1,358 | ) | $ | 121,744 | ||||||||
Held-to-Maturity | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||
Unrealized | Unrealized | Fair | |||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||
U.S. agencies | $ | 35,108 | $ | — | $ | (1,600 | ) | $ | 33,508 | ||||||||
Available-for-Sale | |||||||||||||||||
December 31, 2012 | |||||||||||||||||
Gross | Gross | Estimated | |||||||||||||||
Amortized | Unrealized | Unrealized | Fair | ||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||
Mortgage-backed securities | $ | 74,117 | $ | 3,468 | $ | (32 | ) | $ | 77,553 | ||||||||
Obligations of states, counties and political subdivisions | 13,395 | 1,586 | — | 14,981 | |||||||||||||
U.S. treasury securities | 80 | — | — | 80 | |||||||||||||
Total | $ | 87,592 | $ | 5,054 | $ | (32 | ) | $ | 92,614 | ||||||||
Held-to-Maturity | |||||||||||||||||
December 31, 2012 | |||||||||||||||||
Amortized | Gross | Gross | Estimated | ||||||||||||||
Unrealized | Unrealized | Fair | |||||||||||||||
Cost | Gains | Losses | Value | ||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||
U.S. agencies | $ | 21,136 | $ | 56 | $ | (7 | ) | $ | 21,185 | ||||||||
Scheduled Maturities of Investment Securities Available-for-Sale and Held-to-Maturity | ' | ||||||||||||||||
The scheduled maturities of investment securities available-for-sale and held-to-maturity at September 30, 2013 are presented in the following table: | |||||||||||||||||
Available-for-Sale | Held-to-Maturity | ||||||||||||||||
Amortized | Estimated | Amortized | Estimated | ||||||||||||||
Fair | Fair | ||||||||||||||||
Cost | Value | Cost | Value | ||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||
Maturing within one year | $ | 281 | $ | 284 | $ | — | $ | — | |||||||||
Maturing after one to five years | 10,641 | 11,127 | — | — | |||||||||||||
Maturing after five to ten years | 56,585 | 56,593 | 15,196 | 14,853 | |||||||||||||
Maturing after ten years | 52,964 | 53,740 | 19,912 | 18,655 | |||||||||||||
Total | $ | 120,471 | $ | 121,744 | $ | 35,108 | $ | 33,508 | |||||||||
Investments' Gross Unrealized Losses and Fair Value | ' | ||||||||||||||||
At September 30, 2013 and December 31, 2012, based on the aforementioned considerations, management did not record an other-than-temporary impairment on any security that was in an unrealized loss position. | |||||||||||||||||
Available-for-Sale | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Less than 12 Months | 12 Months or More | ||||||||||||||||
Unrealized | Unrealized | ||||||||||||||||
Fair Value | Losses | Fair Value | Losses | ||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||
Mortgage-backed securities | $ | 50,328 | $ | (996 | ) | $ | 296 | $ | (19 | ) | |||||||
U.S. treasury securities | 3,766 | (318 | ) | — | — | ||||||||||||
Obligations of states, counties and political subdivisions | 1,944 | (25 | ) | — | — | ||||||||||||
$ | 56,038 | $ | (1,339 | ) | $ | 296 | $ | (19 | ) | ||||||||
Held-to-Maturity | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Less than 12 Months | 12 Months or More | ||||||||||||||||
Unrealized | Unrealized | ||||||||||||||||
Fair Value | Losses | Fair Value | Losses | ||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||
U.S. agencies | $ | 33,508 | $ | (1,600 | ) | $ | — | $ | — | ||||||||
Available-for-Sale | |||||||||||||||||
December 31, 2012 | |||||||||||||||||
Less than 12 Months | 12 Months or More | ||||||||||||||||
Unrealized | Unrealized | ||||||||||||||||
Fair Value | Losses | Fair Value | Losses | ||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||
U.S. treasury securities | $ | 80 | $ | — | $ | — | $ | — | |||||||||
Mortgage-backed securities | 1,173 | (3 | ) | 5,617 | (29 | ) | |||||||||||
$ | 1,253 | $ | (3 | ) | $ | 5,617 | $ | (29 | ) | ||||||||
Held-to-Maturity | |||||||||||||||||
December 31, 2012 | |||||||||||||||||
Less than 12 Months | 12 Months or More | ||||||||||||||||
Unrealized | Unrealized | ||||||||||||||||
Fair Value | Losses | Fair Value | Losses | ||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||
U.S. agencies | $ | 7,491 | $ | (7 | ) | $ | — | $ | — | ||||||||
Loans_and_Allowance_for_Loan_L1
Loans and Allowance for Loan Losses (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule of Loan Portfolio by Reporting Segment and Portfolio Segment | ' | ||||||||||||||||||||||||||||
At September 30, 2013 and December 31, 2012, the composition of the loan portfolio by reporting segment and portfolio segment was as follows: | |||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
FUSB | ALC | Total | |||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 13,650 | $ | — | $ | 13,650 | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 35,532 | 27,807 | 63,339 | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 22,085 | — | 22,085 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 121,586 | — | 121,586 | ||||||||||||||||||||||||||
Other | 771 | — | 771 | ||||||||||||||||||||||||||
Commercial and industrial loans | 38,665 | — | 38,665 | ||||||||||||||||||||||||||
Consumer loans | 11,045 | 47,426 | 58,471 | ||||||||||||||||||||||||||
Other loans | 746 | — | 746 | ||||||||||||||||||||||||||
Total loans | $ | 244,080 | $ | 75,233 | $ | 319,313 | |||||||||||||||||||||||
Less: Unearned interest and fees | 160 | 5,093 | 5,253 | ||||||||||||||||||||||||||
Allowance for loan losses | 6,349 | 2,933 | 9,282 | ||||||||||||||||||||||||||
Net loans | $ | 237,571 | $ | 67,207 | $ | 304,778 | |||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
FUSB | ALC | Total | |||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 30,635 | $ | — | $ | 30,635 | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 38,450 | 33,047 | 71,497 | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 24,187 | — | 24,187 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 129,235 | — | 129,235 | ||||||||||||||||||||||||||
Other | 801 | — | 801 | ||||||||||||||||||||||||||
Commercial and industrial loans | 42,903 | — | 42,903 | ||||||||||||||||||||||||||
Consumer loans | 14,483 | 47,001 | 61,484 | ||||||||||||||||||||||||||
Other loans | 1,037 | — | 1,037 | ||||||||||||||||||||||||||
Total loans | $ | 281,731 | $ | 80,048 | $ | 361,779 | |||||||||||||||||||||||
Less: Unearned interest and fees | 175 | 4,926 | 5,101 | ||||||||||||||||||||||||||
Allowance for loan losses | 15,765 | 3,513 | 19,278 | ||||||||||||||||||||||||||
Net loans | $ | 265,791 | $ | 71,609 | $ | 337,400 | |||||||||||||||||||||||
Schedule of Changes in Allowance for Loan Losses and Recorded Investment in Loans | ' | ||||||||||||||||||||||||||||
The following tables present changes in the allowance for loan losses by reporting segment and loan type as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||
FUSB | |||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 977 | $ | 14,216 | $ | 168 | $ | 338 | $ | 66 | $ | — | $ | 15,765 | |||||||||||||||
Charge-offs | 462 | 7,950 | 248 | 493 | 2 | — | 9,155 | ||||||||||||||||||||||
Recoveries | 87 | 43 | 65 | 4 | 2 | — | 201 | ||||||||||||||||||||||
Provision | 168 | (1,381 | ) | 195 | 599 | (43 | ) | — | (462 | ) | |||||||||||||||||||
Ending balance | 770 | 4,928 | 180 | 448 | 23 | — | 6,349 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 224 | 2,561 | — | — | — | — | 2,785 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 546 | $ | 2,367 | $ | 180 | $ | 448 | $ | 23 | $ | — | $ | 3,564 | |||||||||||||||
Loan receivables: | |||||||||||||||||||||||||||||
Ending balance | 38,665 | 158,092 | 11,045 | 35,532 | 746 | — | 244,080 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 788 | 34,532 | — | 295 | — | — | 35,615 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 37,877 | $ | 123,560 | $ | 11,045 | $ | 35,237 | $ | 746 | $ | — | $ | 208,465 | |||||||||||||||
ALC | |||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | — | $ | — | $ | 2,733 | $ | 780 | $ | — | $ | — | $ | 3,513 | |||||||||||||||
Charge-offs | — | — | 2,129 | 407 | — | — | 2,536 | ||||||||||||||||||||||
Recoveries | — | — | 680 | 15 | — | — | 695 | ||||||||||||||||||||||
Provision | — | — | 1,075 | 186 | — | — | 1,261 | ||||||||||||||||||||||
Ending balance | — | — | 2,359 | 574 | — | — | 2,933 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | — | — | — | — | — | — | — | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | — | $ | — | $ | 2,359 | $ | 574 | $ | — | $ | — | $ | 2,933 | |||||||||||||||
Loan receivables: | |||||||||||||||||||||||||||||
Ending balance | — | — | 47,426 | 27,807 | — | — | 75,233 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | — | — | — | — | — | — | — | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | — | $ | — | $ | 47,426 | $ | 27,807 | $ | — | $ | — | $ | 75,233 | |||||||||||||||
FUSB & ALC | |||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 977 | $ | 14,216 | $ | 2,901 | $ | 1,118 | $ | 66 | $ | — | $ | 19,278 | |||||||||||||||
Charge-offs | 462 | 7,950 | 2,377 | 900 | 2 | — | 11,691 | ||||||||||||||||||||||
Recoveries | 87 | 43 | 745 | 19 | 2 | — | 896 | ||||||||||||||||||||||
Provision | 168 | (1,381 | ) | 1,270 | 785 | (43 | ) | — | 799 | ||||||||||||||||||||
Ending balance | 770 | 4,928 | 2,539 | 1,022 | 23 | — | 9,282 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 224 | 2,561 | — | — | — | — | 2,785 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 546 | $ | 2,367 | $ | 2,539 | $ | 1,022 | $ | 23 | $ | — | $ | 6,497 | |||||||||||||||
Loan receivables: | |||||||||||||||||||||||||||||
Ending balance | 38,665 | 158,092 | 58,471 | 63,339 | 746 | — | 319,313 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 788 | 34,532 | — | 295 | — | — | 35,615 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 37,877 | $ | 123,560 | $ | 58,471 | $ | 63,044 | $ | 746 | $ | — | $ | 283,698 | |||||||||||||||
FUSB | |||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 889 | $ | 16,533 | $ | 306 | $ | 684 | $ | 78 | $ | 201 | $ | 18,691 | |||||||||||||||
Charge-offs | 1,278 | 3,395 | 199 | 199 | 16 | — | 5,087 | ||||||||||||||||||||||
Recoveries | 156 | 606 | 79 | 24 | 2 | — | 867 | ||||||||||||||||||||||
Provision | 1,210 | 472 | (18 | ) | (171 | ) | 2 | (201 | ) | 1,294 | |||||||||||||||||||
Ending balance | 977 | 14,216 | 168 | 338 | 66 | — | 15,765 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 406 | 10,818 | — | — | — | — | 11,224 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 571 | $ | 3,398 | $ | 168 | $ | 338 | $ | 66 | $ | — | $ | 4,541 | |||||||||||||||
Loan receivables: | |||||||||||||||||||||||||||||
Ending balance | 42,903 | 184,858 | 14,483 | 38,450 | 1,037 | — | 281,731 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 1,085 | 52,893 | — | 325 | — | — | 54,303 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 41,818 | $ | 131,965 | $ | 14,483 | $ | 38,125 | $ | 1,037 | $ | — | $ | 227,428 | |||||||||||||||
ALC | |||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | — | $ | — | $ | 2,542 | $ | 1,034 | $ | — | $ | — | $ | 3,576 | |||||||||||||||
Charge-offs | — | — | 3,249 | 713 | — | — | 3,962 | ||||||||||||||||||||||
Recoveries | — | — | 815 | 40 | — | — | 855 | ||||||||||||||||||||||
Provision | — | — | 2,625 | 419 | — | — | 3,044 | ||||||||||||||||||||||
Ending balance | — | — | 2,733 | 780 | — | — | 3,513 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | — | — | — | — | — | — | — | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | — | $ | — | $ | 2,733 | $ | 780 | $ | — | $ | — | $ | 3,513 | |||||||||||||||
Loan receivables: | |||||||||||||||||||||||||||||
Ending balance | — | — | 47,001 | 33,047 | — | — | 80,048 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | — | — | — | — | — | — | — | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | — | $ | — | $ | 47,001 | $ | 33,047 | $ | — | $ | — | $ | 80,048 | |||||||||||||||
FUSB & ALC | |||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 889 | $ | 16,533 | $ | 2,848 | $ | 1,718 | $ | 78 | $ | 201 | $ | 22,267 | |||||||||||||||
Charge-offs | 1,278 | 3,395 | 3,448 | 912 | 16 | — | 9,049 | ||||||||||||||||||||||
Recoveries | 156 | 606 | 894 | 64 | 2 | — | 1,722 | ||||||||||||||||||||||
Provision | 1,210 | 472 | 2,607 | 248 | 2 | (201 | ) | 4,338 | |||||||||||||||||||||
Ending balance | 977 | 14,216 | 2,901 | 1,118 | 66 | — | 19,278 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 406 | 10,818 | — | — | — | — | 11,224 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 571 | $ | 3,398 | $ | 2,901 | $ | 1,118 | $ | 66 | $ | — | $ | 8,054 | |||||||||||||||
— | |||||||||||||||||||||||||||||
Loan receivables: | |||||||||||||||||||||||||||||
Ending balance | 42,903 | 184,858 | 61,484 | 71,497 | 1,037 | — | 361,779 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 1,085 | 52,893 | — | 325 | — | — | 54,303 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 41,818 | $ | 131,965 | $ | 61,484 | $ | 71,172 | $ | 1,037 | $ | — | $ | 307,476 | |||||||||||||||
Schedule of Carrying Amount of Loans by Credit Quality Indicator | ' | ||||||||||||||||||||||||||||
The table below illustrates the carrying amount of loans by credit quality indicator at September 30, 2013: | |||||||||||||||||||||||||||||
FUSB | |||||||||||||||||||||||||||||
Pass | Special | Substandard | Doubtful | Total | |||||||||||||||||||||||||
4-Jan | Mention | 6 | 7 | ||||||||||||||||||||||||||
5 | |||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 4,299 | $ | 947 | $ | 8,404 | $ | — | $ | 13,650 | |||||||||||||||||||
Secured by 1-4 family residential properties | 29,666 | 1,841 | 4,025 | — | 35,532 | ||||||||||||||||||||||||
Secured by multi-family residential properties | 14,532 | — | 7,553 | — | 22,085 | ||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 97,425 | 7,178 | 16,983 | — | 121,586 | ||||||||||||||||||||||||
Other | 771 | — | — | — | 771 | ||||||||||||||||||||||||
Commercial and industrial loans | 31,729 | 1,269 | 5,667 | — | 38,665 | ||||||||||||||||||||||||
Consumer loans | 10,173 | 123 | 749 | — | 11,045 | ||||||||||||||||||||||||
Other loans | 742 | — | 4 | — | 746 | ||||||||||||||||||||||||
Total | $ | 189,337 | $ | 11,358 | $ | 43,385 | $ | — | $ | 244,080 | |||||||||||||||||||
ALC | |||||||||||||||||||||||||||||
Performing | Nonperforming | Total | |||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Secured by 1-4 family residential properties | $ | 27,085 | $ | 722 | $ | 27,807 | |||||||||||||||||||||||
Consumer loans | 46,088 | 1,338 | 47,426 | ||||||||||||||||||||||||||
Total | $ | 73,173 | $ | 2,060 | $ | 75,233 | |||||||||||||||||||||||
The table below illustrates the carrying amount of loans by credit quality indicator at December 31, 2012: | |||||||||||||||||||||||||||||
FUSB | |||||||||||||||||||||||||||||
Pass | Special | Substandard | Doubtful | Total | |||||||||||||||||||||||||
4-Jan | Mention | 6 | 7 | ||||||||||||||||||||||||||
5 | |||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 12,653 | $ | 1,235 | $ | 16,747 | $ | — | $ | 30,635 | |||||||||||||||||||
Secured by 1-4 family residential properties | 31,772 | 1,546 | 5,132 | — | 38,450 | ||||||||||||||||||||||||
Secured by multi-family residential properties | 10,776 | 3,132 | 10,279 | — | 24,187 | ||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 90,139 | 8,630 | 30,466 | — | 129,235 | ||||||||||||||||||||||||
Other | 801 | — | — | — | 801 | ||||||||||||||||||||||||
Commercial and industrial loans | 40,607 | 419 | 1,877 | — | 42,903 | ||||||||||||||||||||||||
Consumer loans | 13,394 | 188 | 901 | — | 14,483 | ||||||||||||||||||||||||
Other loans | 1,036 | — | 1 | — | 1,037 | ||||||||||||||||||||||||
Total | $ | 201,178 | $ | 15,150 | $ | 65,403 | $ | — | $ | 281,731 | |||||||||||||||||||
ALC | |||||||||||||||||||||||||||||
Performing | Nonperforming | Total | |||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Secured by 1-4 family residential properties | $ | 32,036 | $ | 1,011 | $ | 33,047 | |||||||||||||||||||||||
Consumer loans | 46,175 | 826 | 47,001 | ||||||||||||||||||||||||||
Total | $ | 78,211 | $ | 1,837 | $ | 80,048 | |||||||||||||||||||||||
Schedule of Aging Analysis of Past Due Loans | ' | ||||||||||||||||||||||||||||
The following table provides an aging analysis of past due loans by class at September 30, 2013: | |||||||||||||||||||||||||||||
FUSB | |||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater | Total Past | Current | Total | Recorded | |||||||||||||||||||||||
Past Due | Past Due | Than | Due | Loans | Investment > | ||||||||||||||||||||||||
90 Days | 90 Days and | ||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 233 | $ | — | $ | 3,132 | $ | 3,365 | $ | 10,285 | $ | 13,650 | $ | — | |||||||||||||||
Secured by 1-4 family residential properties | 438 | 236 | 1,062 | 1,736 | 33,796 | 35,532 | — | ||||||||||||||||||||||
Secured by multi-family residential Properties | — | — | 1,286 | 1,286 | 20,799 | 22,085 | — | ||||||||||||||||||||||
Secured by non-farm, non-residential properties | 693 | 105 | 3,579 | 4,377 | 117,209 | 121,586 | — | ||||||||||||||||||||||
Other | — | — | — | — | 771 | 771 | — | ||||||||||||||||||||||
Commercial and industrial loans | 68 | 83 | 55 | 206 | 38,459 | 38,665 | — | ||||||||||||||||||||||
Consumer loans | 128 | 19 | 25 | 172 | 10,873 | 11,045 | — | ||||||||||||||||||||||
Other loans | — | — | — | — | 746 | 746 | — | ||||||||||||||||||||||
Total | $ | 1,560 | $ | 443 | $ | 9,139 | $ | 11,142 | $ | 232,938 | $ | 244,080 | $ | — | |||||||||||||||
ALC | |||||||||||||||||||||||||||||
As of September 30, 2013 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater | Total Past | Current | Total | Recorded | |||||||||||||||||||||||
Past Due | Past Due | Than | Due | Loans | Investment > | ||||||||||||||||||||||||
90 Days | 90 Days and | ||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||
Secured by 1-4 family residential properties | 286 | 92 | 763 | 1,141 | 26,666 | 27,807 | 665 | ||||||||||||||||||||||
Secured by multi-family residential properties | — | — | — | — | — | — | — | ||||||||||||||||||||||
Secured by non-farm, non-residential properties | — | — | — | — | — | — | — | ||||||||||||||||||||||
Other | — | — | — | — | — | — | — | ||||||||||||||||||||||
Commercial and industrial loans | — | — | — | — | — | — | — | ||||||||||||||||||||||
Consumer loans | 745 | 543 | 1,200 | 2,488 | 44,938 | 47,426 | 1,188 | ||||||||||||||||||||||
Other loans | — | — | — | — | — | — | — | ||||||||||||||||||||||
Total | $ | 1,031 | $ | 635 | $ | 1,963 | $ | 3,629 | $ | 71,604 | $ | 75,233 | $ | 1,853 | |||||||||||||||
The following table provides an aging analysis of past due loans by class at December 31, 2012: | |||||||||||||||||||||||||||||
FUSB | |||||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater | Total Past | Current | Total | Recorded | |||||||||||||||||||||||
Past Due | Past Due | Than | Due | Loans | Investment > | ||||||||||||||||||||||||
90 Days | 90 Days and | ||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 456 | $ | 1,126 | $ | 10,329 | $ | 11,911 | $ | 18,724 | $ | 30,635 | $ | — | |||||||||||||||
Secured by 1-4 family residential properties | 1,027 | 572 | 1,106 | 2,705 | 35,745 | 38,450 | — | ||||||||||||||||||||||
Secured by multi-family residential properties | — | — | 2,884 | 2,884 | 21,303 | 24,187 | — | ||||||||||||||||||||||
Secured by non-farm, non-residential properties | 210 | 32 | 4,930 | 5,172 | 124,063 | 129,235 | — | ||||||||||||||||||||||
Other | — | — | — | — | 801 | 801 | — | ||||||||||||||||||||||
Commercial and industrial loans | 430 | 59 | 480 | 969 | 41,934 | 42,903 | — | ||||||||||||||||||||||
Consumer loans | 407 | 89 | 66 | 562 | 13,921 | 14,483 | — | ||||||||||||||||||||||
Other loans | — | — | — | — | 1,037 | 1,037 | — | ||||||||||||||||||||||
Total | $ | 2,530 | $ | 1,878 | $ | 19,795 | $ | 24,203 | $ | 257,528 | $ | 281,731 | $ | — | |||||||||||||||
ALC | |||||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater | Total Past | Current | Total | Recorded | |||||||||||||||||||||||
Past Due | Past Due | Than | Due | Loans | Investment > | ||||||||||||||||||||||||
90 Days | 90 Days and | ||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||
Secured by 1-4 family residential properties | 348 | 173 | 1,075 | 1,596 | 31,451 | 33,047 | 851 | ||||||||||||||||||||||
Secured by multi-family residential properties | — | — | — | — | — | — | — | ||||||||||||||||||||||
Secured by non-farm, non-residential properties | — | — | — | — | — | — | — | ||||||||||||||||||||||
Other | — | — | — | — | — | — | — | ||||||||||||||||||||||
Commercial and industrial loans | — | — | — | — | — | — | — | ||||||||||||||||||||||
Consumer loans | 989 | 609 | 1,159 | 2,757 | 44,244 | 47,001 | 720 | ||||||||||||||||||||||
Other loans | — | — | — | — | — | — | — | ||||||||||||||||||||||
Total | $ | 1,337 | $ | 782 | $ | 2,234 | $ | 4,353 | $ | 75,695 | $ | 80,048 | $ | 1,571 | |||||||||||||||
Schedule of Analysis of Non-Accruing Loans | ' | ||||||||||||||||||||||||||||
The following table provides an analysis of non-accruing loans by class at September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||
Loans on Non-Accrual Status | |||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 4,330 | $ | 11,456 | |||||||||||||||||||||||||
Secured by 1-4 family residential properties | 1,978 | 2,441 | |||||||||||||||||||||||||||
Secured by multi-family residential properties | 1,286 | 2,884 | |||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 4,594 | 5,809 | |||||||||||||||||||||||||||
Commercial and industrial loans | 425 | 822 | |||||||||||||||||||||||||||
Consumer loans | 137 | 206 | |||||||||||||||||||||||||||
Total loans | $ | 12,750 | $ | 23,618 | |||||||||||||||||||||||||
Schedule of Carrying Amount of Impaired Loans | ' | ||||||||||||||||||||||||||||
At September 30, 2013, the carrying amount of impaired loans consisted of the following: | |||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Carrying | Unpaid | Related | |||||||||||||||||||||||||||
Amount | Principal | Allowances | |||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Impaired loans with no related allowance recorded | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 6,570 | $ | 6,570 | $ | — | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 295 | 295 | — | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 1,054 | 1,054 | — | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 14,498 | 14,498 | — | ||||||||||||||||||||||||||
Commercial and industrial | 564 | 564 | — | ||||||||||||||||||||||||||
Total loans with no related allowance recorded | $ | 22,981 | $ | 22,981 | $ | — | |||||||||||||||||||||||
Impaired loans with an allowance recorded | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 1,461 | $ | 1,461 | $ | 263 | |||||||||||||||||||||||
Secured by multi-family residential properties | 6,499 | 6,499 | 1,699 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 4,450 | 4,450 | 599 | ||||||||||||||||||||||||||
Commercial and industrial | 224 | 224 | 224 | ||||||||||||||||||||||||||
Total loans with an allowance recorded | $ | 12,634 | $ | 12,634 | $ | 2,785 | |||||||||||||||||||||||
Total impaired loans | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 8,031 | $ | 8,031 | $ | 263 | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 295 | 295 | — | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 7,553 | 7,553 | 1,699 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 18,948 | 18,948 | 599 | ||||||||||||||||||||||||||
Commercial and industrial | 788 | 788 | 224 | ||||||||||||||||||||||||||
Total impaired loans | $ | 35,615 | $ | 35,615 | $ | 2,785 | |||||||||||||||||||||||
At December 31, 2012, the carrying amount of impaired loans consisted of the following: | |||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Carrying | Unpaid | Related | |||||||||||||||||||||||||||
Amount | Principal | Allowances | |||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Impaired loans with no related allowance recorded | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 2,645 | $ | 2,645 | $ | — | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 325 | 325 | — | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 3,027 | 3,027 | — | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 21,471 | 21,471 | — | ||||||||||||||||||||||||||
Commercial and industrial | 655 | 655 | — | ||||||||||||||||||||||||||
Total loans with no related allowance recorded | $ | 28,123 | $ | 28,123 | $ | — | |||||||||||||||||||||||
Impaired loans with an allowance recorded | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 12,658 | $ | 12,658 | $ | 7,453 | |||||||||||||||||||||||
Secured by multi-family residential properties | 7,252 | 7,252 | 1,865 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 5,840 | 5,840 | 1,500 | ||||||||||||||||||||||||||
Commercial and industrial | 430 | 430 | 406 | ||||||||||||||||||||||||||
Total loans with an allowance recorded | $ | 26,180 | $ | 26,180 | $ | 11,224 | |||||||||||||||||||||||
Total impaired loans | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 15,303 | $ | 15,303 | $ | 7,453 | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 325 | 325 | — | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 10,279 | 10,279 | 1,865 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 27,311 | 27,311 | 1,500 | ||||||||||||||||||||||||||
Commercial and industrial | 1,085 | 1,085 | 406 | ||||||||||||||||||||||||||
Total impaired loans | $ | 54,303 | $ | 54,303 | $ | 11,224 | |||||||||||||||||||||||
Schedule of Average Net Investment Impaired Loans and Interest Income Recognized and Received on Impaired Loans | ' | ||||||||||||||||||||||||||||
The average net investment in impaired loans and interest income recognized and received on impaired loans at September 30, 2013 and December 31, 2012 were as follows: | |||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Average | Interest | Interest | |||||||||||||||||||||||||||
Recorded | Income | Income | |||||||||||||||||||||||||||
Investment | Recognized | Received | |||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 11,656 | $ | 134 | $ | 135 | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 308 | 5 | 6 | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 9,075 | 298 | 304 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 23,527 | 741 | 726 | ||||||||||||||||||||||||||
Commercial and industrial | 1,061 | 28 | 28 | ||||||||||||||||||||||||||
Total impaired loans | $ | 45,627 | $ | 1,206 | $ | 1,199 | |||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Average | Interest | Interest | |||||||||||||||||||||||||||
Recorded | Income | Income | |||||||||||||||||||||||||||
Investment | Recognized | Received | |||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 18,283 | $ | 546 | $ | 598 | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 146 | 10 | 10 | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 4,942 | 483 | 455 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 29,627 | 1,452 | 1,477 | ||||||||||||||||||||||||||
Commercial and industrial | 1,222 | 38 | 42 | ||||||||||||||||||||||||||
Total impaired loans | $ | 54,220 | $ | 2,529 | $ | 2,582 | |||||||||||||||||||||||
Schedule of Number of Loans Modified Troubled Debt Restructuring by Loan Portfolio | ' | ||||||||||||||||||||||||||||
The following table provides the number of loans modified in a troubled debt restructuring by loan portfolio as of September 30, 2013 and December 31, 2012, as well as the pre- and post-modification principal balance as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
Number | Pre- | Post- | Number | Pre- | Post- | ||||||||||||||||||||||||
of Loans | Modification | Modification | of Loans | Modification | Modification | ||||||||||||||||||||||||
Outstanding | Principal | Outstanding | Principal | ||||||||||||||||||||||||||
Principal | Balance | Principal | Balance | ||||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | 8 | $ | 12,580 | $ | 5,279 | 10 | $ | 11,267 | $ | 9,988 | |||||||||||||||||||
Secured by 1-4 family residential properties | 13 | 870 | 591 | 4 | 596 | 586 | |||||||||||||||||||||||
Secured by non-farm, non-residential properties | 8 | 1,892 | 1,633 | 6 | 1,811 | 1,586 | |||||||||||||||||||||||
Commercial loans | 3 | 371 | 331 | 4 | 380 | 356 | |||||||||||||||||||||||
Total | 32 | $ | 15,713 | $ | 7,834 | 24 | $ | 14,054 | $ | 12,516 | |||||||||||||||||||
The following table provides the number of loans modified in a troubled debt restructuring that have subsequently defaulted, by loan portfolio, as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
Number | Recorded | Number | Recorded | ||||||||||||||||||||||||||
of Loans | Investment | of Loans | Investment | ||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Troubled debt restructurings that have subsequently defaulted: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | 2 | $ | 2,083 | 6 | $ | 7,062 | |||||||||||||||||||||||
Secured by non-farm, non-residential properties | 4 | 1,073 | 2 | 433 | |||||||||||||||||||||||||
Commercial loans | — | — | 2 | 68 | |||||||||||||||||||||||||
Total | 6 | $ | 3,156 | 10 | $ | 7,563 | |||||||||||||||||||||||
Schedule of Change in Troubled Debt Restructuring | ' | ||||||||||||||||||||||||||||
The change in troubled debt restructuring from December 31, 2012 to September 30, 2013 was as follows: | |||||||||||||||||||||||||||||
September 30, | December 31, | Change | |||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
(In Thousands of Dollars) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 5,279 | $ | 9,988 | $ | (4,709 | ) | ||||||||||||||||||||||
Secured by 1-4 family residential properties | 591 | 586 | 5 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 1,633 | 1,586 | 47 | ||||||||||||||||||||||||||
Commercial and industrial loans | 331 | 356 | (25 | ) | |||||||||||||||||||||||||
Total | $ | 7,834 | $ | 12,516 | (4,682 | ) | |||||||||||||||||||||||
Other_Real_Estate_Owned_Tables
Other Real Estate Owned (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||
Summary of Foreclosed Property Activity | ' | ||||||||||||
The following table summarizes foreclosed property activity for the nine months ended September 30, 2013 and 2012. | |||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||
FUSB | ALC | TOTAL | |||||||||||
(Dollars in Thousands) | |||||||||||||
Balance December 31, 2012 | $ | 11,089 | $ | 2,197 | $ | 13,286 | |||||||
Transfers from loans | 1,770 | 426 | 2,196 | ||||||||||
Sales proceeds | (1,876 | ) | (905 | ) | (2,781 | ) | |||||||
Gross gains | 62 | 28 | 90 | ||||||||||
Gross losses | (155 | ) | (687 | ) | (842 | ) | |||||||
Net losses | (93 | ) | (659 | ) | (752 | ) | |||||||
Impairment | (368 | ) | (209 | ) | (577 | ) | |||||||
Balance September 30, 2013 | $ | 10,522 | $ | 850 | $ | 11,372 | |||||||
Nine Months Ended September 30, 2012 | |||||||||||||
FUSB | ALC | TOTAL | |||||||||||
(Dollars in Thousands) | |||||||||||||
Balance December 31, 2011 | $ | 12,606 | $ | 4,168 | $ | 16,774 | |||||||
Transfers from loans | 5,337 | 682 | 6,019 | ||||||||||
Sales proceeds | (3,670 | ) | (1,242 | ) | (4,912 | ) | |||||||
Gross gains | 11 | 63 | 74 | ||||||||||
Gross losses | (528 | ) | (578 | ) | (1,106 | ) | |||||||
Net losses | (517 | ) | (515 | ) | (1,032 | ) | |||||||
Impairment | (2,735 | ) | (506 | ) | (3,241 | ) | |||||||
Balance September 30, 2012 | $ | 11,021 | $ | 2,587 | $ | 13,608 | |||||||
Income_Taxes_Tables
Income Taxes (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Schedule of Effective Income Tax Rate | ' | ||||||||
The consolidated tax expense (benefit) differed from the amount computed by applying the federal statutory income tax rate of 34.0%, as described in the following table: | |||||||||
Nine Months Ended | |||||||||
September 30, | September 30, | ||||||||
2013 | 2012 | ||||||||
(Dollars in Thousands) | |||||||||
Income tax expense at federal statutory rate | $ | 1,421 | $ | 499 | |||||
Increase (decrease) resulting from: | |||||||||
Tax-exempt interest | (292 | ) | (274 | ) | |||||
State income tax expense, net of federal income taxes | 163 | 43 | |||||||
Other | (86 | ) | (111 | ) | |||||
Total | $ | 1,206 | $ | 157 | |||||
Segment_Reporting_Tables
Segment Reporting (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||
Summary of Results for Reportable Segments | ' | ||||||||||||||||||||
All intercompany transactions have been eliminated to determine the consolidated balances. The results for the two reportable segments of the Company are included in the following table: | |||||||||||||||||||||
FUSB | ALC | All Other | Eliminations | Consolidated | |||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
For the three months ended September 30, 2013: | |||||||||||||||||||||
Net interest income | $ | 4,190 | $ | 3,376 | $ | 2 | $ | — | $ | 7,568 | |||||||||||
Provision for loan losses | (300 | ) | 540 | — | — | 240 | |||||||||||||||
Total non-interest income | 913 | 360 | 1,267 | (1,249 | ) | 1,291 | |||||||||||||||
Total non-interest expense | 4,962 | 2,322 | 308 | (227 | ) | 7,365 | |||||||||||||||
Income before income taxes | 441 | 874 | 961 | (1,022 | ) | 1,254 | |||||||||||||||
Provision for income taxes | 12 | 337 | 1 | — | 350 | ||||||||||||||||
Net income | $ | 429 | $ | 537 | $ | 960 | $ | (1,022 | ) | $ | 904 | ||||||||||
Other significant items: | |||||||||||||||||||||
Total assets | $ | 561,325 | $ | 70,809 | $ | 75,422 | $ | (147,554 | ) | $ | 560,002 | ||||||||||
Total investment securities | 156,772 | — | 80 | — | 156,852 | ||||||||||||||||
Total loans, net | 292,180 | 67,207 | — | (54,609 | ) | 304,778 | |||||||||||||||
Investment in subsidiaries | 784 | — | 70,386 | (71,165 | ) | 5 | |||||||||||||||
Fixed asset additions | (6 | ) | 8 | — | — | 2 | |||||||||||||||
Depreciation expense | 131 | 49 | — | — | 180 | ||||||||||||||||
Total interest income from external customers | 4,096 | 4,174 | — | — | 8,270 | ||||||||||||||||
Total interest income from affiliates | 798 | — | 3 | (801 | ) | — | |||||||||||||||
For the nine months ended September 30, 2013: | |||||||||||||||||||||
Net interest income | $ | 12,706 | $ | 10,355 | $ | 7 | $ | — | $ | 23,068 | |||||||||||
Provision for loan losses | (462 | ) | 1,261 | — | — | 799 | |||||||||||||||
Total non-interest income | 3,239 | 1,045 | 3,778 | (3,920 | ) | 4,142 | |||||||||||||||
Total non-interest expense | 14,247 | 7,984 | 668 | (666 | ) | 22,233 | |||||||||||||||
Income before income taxes | 2,160 | 2,155 | 3,117 | (3,254 | ) | 4,178 | |||||||||||||||
Provision for income taxes | 371 | 833 | 2 | — | 1,206 | ||||||||||||||||
Net income | $ | 1,789 | $ | 1,322 | $ | 3,115 | $ | (3,254 | ) | $ | 2,972 | ||||||||||
Other significant items: | |||||||||||||||||||||
Fixed asset additions | $ | 56 | $ | 26 | $ | — | $ | — | $ | 82 | |||||||||||
Depreciation expense | 392 | 128 | — | — | 520 | ||||||||||||||||
Total interest income from external customers | 12,494 | 12,802 | — | — | 25,296 | ||||||||||||||||
Total interest income from affiliates | 2,447 | — | 7 | (2,454 | ) | — | |||||||||||||||
For the three months ended September 30, 2012: | |||||||||||||||||||||
Net interest income | $ | 4,617 | $ | 3,675 | $ | 5 | $ | — | $ | 8,297 | |||||||||||
Provision for loan losses | — | 492 | — | — | 492 | ||||||||||||||||
Total non-interest income | 1,017 | 361 | 1,610 | (1,535 | ) | 1,453 | |||||||||||||||
Total non-interest expense | 4,803 | 2,562 | 394 | (197 | ) | 7,562 | |||||||||||||||
Income before income taxes | 831 | 982 | 1,221 | (1,338 | ) | 1,696 | |||||||||||||||
Provision for income taxes | 136 | 379 | 2 | — | 517 | ||||||||||||||||
Net income | $ | 695 | $ | 603 | $ | 1,219 | $ | (1,338 | ) | $ | 1,179 | ||||||||||
Other significant items: | |||||||||||||||||||||
Total assets | $ | 584,884 | $ | 79,629 | $ | 74,280 | $ | (154,471 | ) | $ | 584,322 | ||||||||||
Total investment securities | 114,688 | — | 75 | — | 114,763 | ||||||||||||||||
Total loans, net | 335,487 | 73,565 | — | (64,319 | ) | 344,733 | |||||||||||||||
Investment in subsidiaries | 802 | — | 69,080 | (69,877 | ) | 5 | |||||||||||||||
Fixed asset additions | 99 | 32 | — | — | 131 | ||||||||||||||||
Depreciation expense | 127 | 38 | — | — | 165 | ||||||||||||||||
Total interest income from external customers | 4,701 | 4,627 | — | — | 9,328 | ||||||||||||||||
Total interest income from affiliates | 952 | — | 5 | (957 | ) | — | |||||||||||||||
For the nine months ended September 30, 2012: | |||||||||||||||||||||
Net interest income | $ | 14,548 | $ | 10,856 | $ | 14 | $ | — | $ | 25,418 | |||||||||||
Provision for loan losses | 1,523 | 1,652 | — | — | 3,175 | ||||||||||||||||
Total non-interest income | 2,987 | 1,020 | 2,254 | (2,203 | ) | 4,058 | |||||||||||||||
Total non-interest expense | 16,506 | 8,124 | 763 | (561 | ) | 24,832 | |||||||||||||||
Income before income taxes | (494 | ) | 2,100 | 1,505 | (1,642 | ) | 1,469 | ||||||||||||||
Provision for (benefit from) income taxes | (660 | ) | 812 | 5 | — | 157 | |||||||||||||||
Net income | $ | 166 | $ | 1,288 | $ | 1,500 | $ | (1,642 | ) | $ | 1,312 | ||||||||||
Other significant items: | |||||||||||||||||||||
Fixed asset additions | $ | 211 | $ | 209 | $ | — | $ | — | $ | 420 | |||||||||||
Depreciation expense | 408 | 116 | — | — | 524 | ||||||||||||||||
Total interest income from external customers | 15,296 | 13,790 | — | — | 29,086 | ||||||||||||||||
Total interest income from affiliates | 2,935 | — | 13 | (2,948 | ) | — |
Guarantees_Commitments_and_Con1
Guarantees, Commitments and Contingencies (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||||
Summary of Commitments and Contingent Liabilities | ' | ||||||||
A summary of these commitments and contingent liabilities is presented below: | |||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
(Dollars in Thousands) | |||||||||
Standby Letters of Credit | $ | 946 | $ | 1,092 | |||||
Commitments to Extend Credit | $ | 31,363 | $ | 32,123 |
Net_Income_Per_Share_Additiona
Net Income Per Share - Additional Information (Detail) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Outstanding potentially dilutive instruments | 0 | 0 | 0 | 0 |
Net_Income_Per_Share_Basic_and
Net Income Per Share - Basic and Diluted Net Income Per Share Calculations (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Net income | $904 | $1,179 | $2,972 | $1,312 |
Weighted Average Shares Outstanding | 6,027,562 | 6,023,124 | 6,024,935 | 6,022,648 |
BASIC AND DILUTED NET INCOME PER SHARE | $0.15 | $0.20 | $0.49 | $0.22 |
Fair_Value_of_Financial_Instru2
Fair Value of Financial Instruments - Balances of Available-for-Sale Securities Measured at Fair Value on Recurring Basis (Detail) (Available-for-sale Securities [Member], Recurring Fair Value Measurements [Member], USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Mortgage-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | $102,020 | $77,553 |
U.S. Treasury Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | 3,846 | 80 |
Obligations of States, Counties and Political Subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | 14,877 | 14,981 |
U.S. Agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | 1,001 | ' |
Level 1 [Member] | Mortgage-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | ' | ' |
Level 1 [Member] | U.S. Treasury Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | ' | ' |
Level 1 [Member] | Obligations of States, Counties and Political Subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | ' | ' |
Level 1 [Member] | U.S. Agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | ' | ' |
Level 2 [Member] | Mortgage-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | 102,020 | 77,553 |
Level 2 [Member] | U.S. Treasury Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | 3,846 | 80 |
Level 2 [Member] | Obligations of States, Counties and Political Subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | 14,877 | 14,981 |
Level 2 [Member] | U.S. Agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | 1,001 | ' |
Level 3 [Member] | Mortgage-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | ' | ' |
Level 3 [Member] | U.S. Treasury Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | ' | ' |
Level 3 [Member] | Obligations of States, Counties and Political Subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | ' | ' |
Level 3 [Member] | U.S. Agencies [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | ' | ' |
Fair_Value_of_Financial_Instru3
Fair Value of Financial Instruments - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Fair Value Measurement [Line Items] | ' | ' | ' | ' | ' |
Assets transferred into or out of Levels 1-2 | $0 | ' | $0 | ' | $0 |
Liabilities transferred into or out of Levels 1-2 | 0 | ' | 0 | ' | 0 |
Charge-offs of the allowance for possible loan losses | ' | ' | 515,399 | ' | 407,043 |
Impairment on Other Real Estate | 215,000 | 377,000 | 577,000 | 3,241,000 | 3,582,596 |
Level 3 [Member] | ' | ' | ' | ' | ' |
Fair Value Measurement [Line Items] | ' | ' | ' | ' | ' |
Loans, net of specific allowances, subject to nonrecurring measurement valuation | 9,848,600 | ' | 9,848,600 | ' | 14,956,079 |
Foreclosed assets measured at fair value upon initial recognition | ' | ' | 2,093,755 | ' | 2,097,440 |
Foreclosed assets, total | $2,640,103 | ' | $2,640,103 | ' | $9,270,443 |
Impaired Loans [Member] | ' | ' | ' | ' | ' |
Fair Value Measurement [Line Items] | ' | ' | ' | ' | ' |
Discounted rate for estimated cost in current affairs | ' | ' | 9.00% | ' | ' |
Minimum [Member] | ' | ' | ' | ' | ' |
Fair Value Measurement [Line Items] | ' | ' | ' | ' | ' |
Duration for appraisal | ' | ' | '18 months | ' | ' |
Percentage of fair value input discount rate as per old appraisal | ' | ' | 20.00% | ' | ' |
Maximum [Member] | ' | ' | ' | ' | ' |
Fair Value Measurement [Line Items] | ' | ' | ' | ' | ' |
Duration for appraisal | ' | ' | '24 months | ' | ' |
Percentage of fair value input discount rate as per old appraisal | ' | ' | 30.00% | ' | ' |
Fair_Value_of_Financial_Instru4
Fair Value of Financial Instruments - Balances of Impaired Loans and Foreclosed Assets Measured at Fair Value on Nonrecurring Basis (Detail) (Non-Recurring Fair Value Measurements [Member], USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Impaired Loans [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | $9,849 | $14,956 |
Foreclosed Property and Other Real Estate [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | 4,734 | 11,368 |
Level 1 [Member] | Impaired Loans [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | ' | ' |
Level 1 [Member] | Foreclosed Property and Other Real Estate [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | ' | ' |
Level 2 [Member] | Impaired Loans [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | ' | ' |
Level 2 [Member] | Foreclosed Property and Other Real Estate [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | ' | ' |
Level 3 [Member] | Impaired Loans [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | 9,849 | 14,956 |
Level 3 [Member] | Foreclosed Property and Other Real Estate [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Financial assets measured at fair value | $4,734 | $11,368 |
Fair_Value_of_Financial_Instru5
Fair Value of Financial Instruments - Summary of Assets and Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3) (Detail) (Non-Recurring Fair Value Measurements [Member], USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value | $9,849 | $14,956 |
Valuation Technique | 'Multiple data points, including discount to appraised value of collateral based on recent market activity | ' |
Quantitative Range of Unobservable Inputs (Weighted-Average) | -9.50% | ' |
Foreclosed Property and Other Real Estate [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value | $4,734 | $11,368 |
Valuation Technique | 'Discount to appraised value of property based on recent market activity for sales of similar properties | ' |
Quantitative Range of Unobservable Inputs (Weighted-Average) | -9.50% | ' |
Minimum [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Quantitative Range of Unobservable Inputs (Weighted-Average) | 9.00% | ' |
Minimum [Member] | Foreclosed Property and Other Real Estate [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Quantitative Range of Unobservable Inputs (Weighted-Average) | 9.00% | ' |
Maximum [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Quantitative Range of Unobservable Inputs (Weighted-Average) | 10.00% | ' |
Maximum [Member] | Foreclosed Property and Other Real Estate [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Quantitative Range of Unobservable Inputs (Weighted-Average) | 10.00% | ' |
Fair_Value_of_Financial_Instru6
Fair Value of Financial Instruments - Schedule of Estimated Fair Value and Related Carrying or Notional Amounts of Company's Financial Instruments (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Assets: | ' | ' |
Investment securities available-for-sale | $121,744 | $92,614 |
Investment securities held-to-maturity | 33,508 | ' |
Federal Funds Sold | 5,000 | 5,000 |
Carrying Amount [Member] | ' | ' |
Assets: | ' | ' |
Cash and cash equivalents | 43,478 | 54,126 |
Investment securities available-for-sale | 121,744 | 92,614 |
Investment securities held-to-maturity | 35,108 | 21,136 |
Federal Funds Sold | 5,000 | 5,000 |
Federal Home Loan Bank stock | 906 | 936 |
Loans, net of allowance for loan losses | 304,778 | 337,400 |
Liabilities: | ' | ' |
Deposits | 476,020 | 489,034 |
Short-term borrowings | 1,777 | 638 |
Long-term borrowings | 5,000 | ' |
Estimated Fair Value [Member] | ' | ' |
Assets: | ' | ' |
Cash and cash equivalents | 43,478 | 54,126 |
Investment securities available-for-sale | 121,744 | 92,614 |
Investment securities held-to-maturity | 33,508 | 21,185 |
Federal Funds Sold | 5,000 | 5,000 |
Federal Home Loan Bank stock | 906 | 936 |
Loans, net of allowance for loan losses | 305,032 | 339,230 |
Liabilities: | ' | ' |
Deposits | 476,534 | 490,596 |
Short-term borrowings | 1,777 | 638 |
Long-term borrowings | 5,009 | ' |
Level 1 [Member] | ' | ' |
Assets: | ' | ' |
Cash and cash equivalents | 43,478 | 54,126 |
Investment securities available-for-sale | ' | ' |
Investment securities held-to-maturity | ' | ' |
Federal Funds Sold | 5,000 | 5,000 |
Federal Home Loan Bank stock | ' | ' |
Loans, net of allowance for loan losses | ' | ' |
Liabilities: | ' | ' |
Deposits | ' | ' |
Short-term borrowings | ' | ' |
Long-term borrowings | ' | ' |
Level 2 [Member] | ' | ' |
Assets: | ' | ' |
Cash and cash equivalents | ' | ' |
Investment securities available-for-sale | 121,744 | 92,614 |
Investment securities held-to-maturity | 33,508 | 21,185 |
Federal Funds Sold | ' | ' |
Federal Home Loan Bank stock | 906 | 936 |
Loans, net of allowance for loan losses | ' | ' |
Liabilities: | ' | ' |
Deposits | 476,534 | 490,596 |
Short-term borrowings | 1,777 | 638 |
Long-term borrowings | 5,009 | ' |
Level 3 [Member] | ' | ' |
Assets: | ' | ' |
Cash and cash equivalents | ' | ' |
Investment securities available-for-sale | ' | ' |
Investment securities held-to-maturity | ' | ' |
Federal Funds Sold | ' | ' |
Federal Home Loan Bank stock | ' | ' |
Loans, net of allowance for loan losses | 305,032 | 339,230 |
Liabilities: | ' | ' |
Deposits | ' | ' |
Short-term borrowings | ' | ' |
Long-term borrowings | ' | ' |
Investment_Securities_Investme
Investment Securities - Investment Securities Available-for-Sale and Held-to-Maturity (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Held-to-Maturity, Amortized Cost | $35,108 | $21,136 |
Held-to-Maturity, Estimated Fair Value | 33,508 | ' |
Available-for-Sale, Amortized Cost | 120,471 | 87,592 |
Available-for-Sale, Gross Unrealized Gains | 2,631 | 5,054 |
Available-for-Sale, Gross Unrealized Losses | -1,358 | -32 |
Available-for-Sale, Estimated Fair Value | 121,744 | 92,614 |
Mortgage-Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-Sale, Amortized Cost | 101,147 | 74,117 |
Available-for-Sale, Gross Unrealized Gains | 1,888 | 3,468 |
Available-for-Sale, Gross Unrealized Losses | -1,015 | -32 |
Available-for-Sale, Estimated Fair Value | 102,020 | 77,553 |
Obligations of States, Counties and Political Subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-Sale, Amortized Cost | 14,160 | 13,395 |
Available-for-Sale, Gross Unrealized Gains | 742 | 1,586 |
Available-for-Sale, Gross Unrealized Losses | -25 | ' |
Available-for-Sale, Estimated Fair Value | 14,877 | 14,981 |
U.S. Treasury Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-Sale, Amortized Cost | 4,164 | 80 |
Available-for-Sale, Gross Unrealized Gains | ' | ' |
Available-for-Sale, Gross Unrealized Losses | -318 | ' |
Available-for-Sale, Estimated Fair Value | 3,846 | 80 |
Obligations of U.S. Government Sponsored Agencies [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-Sale, Amortized Cost | 1,000 | ' |
Available-for-Sale, Gross Unrealized Gains | 1 | ' |
Available-for-Sale, Gross Unrealized Losses | ' | ' |
Available-for-Sale, Estimated Fair Value | 1,001 | ' |
U.S. Agencies [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Held-to-Maturity, Amortized Cost | 35,108 | 21,136 |
Held-to-Maturity, Gross Unrealized Gains | ' | 56 |
Held-to-Maturity, Gross Unrealized Losses | -1,600 | -7 |
Held-to-Maturity, Estimated Fair Value | $33,508 | $21,185 |
Investment_Securities_Schedule
Investment Securities - Scheduled Maturities of Investment Securities Available-for-Sale and Held-to-Maturity (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Investments Debt And Equity Securities [Abstract] | ' | ' |
Available-for Sale, Maturing within one year, Amortized Cost | $281 | ' |
Available-for Sale, Maturing after one to five years, Amortized Cost | 10,641 | ' |
Available-for Sale, Maturing after five to ten years, Amortized Cost | 56,585 | ' |
Available-for Sale, Maturing after ten years, Amortized Cost | 52,964 | ' |
Available-for Sale, Amortized Cost, Total | 120,471 | ' |
Available-for Sale, Maturing within one year, Estimated Fair Value | 284 | ' |
Available-for Sale, Maturing after one to five years, Estimated Fair Value | 11,127 | ' |
Available-for Sale, Maturing after five to ten years, Estimated Fair Value | 56,593 | ' |
Available-for Sale, Maturing after ten years, Estimated Fair Value | 53,740 | ' |
Available-for Sale, Estimated Fair Value, Total | 121,744 | ' |
Held-to-maturity, Maturing within one year, Amortized Cost | ' | ' |
Held-to-maturity, Maturing after one to five years, Amortized Cost | ' | ' |
Held-to-maturity, Maturing after five to ten years, Amortized Cost | 15,196 | ' |
Held-to-maturity, Maturing after ten years, Amortized Cost | 19,912 | ' |
Held-to-Maturity, Amortized Cost, Total | 35,108 | 21,136 |
Held-to-maturity, Maturing within one year, Estimated Fair Value | ' | ' |
Held-to-maturity, Maturing after one to five years, Estimated Fair Value | ' | ' |
Held-to-maturity, Maturing after five to ten years, Estimated Fair Value | 14,853 | ' |
Held-to-maturity, Maturing after ten years, Estimated Fair Value | 18,655 | ' |
Held-to-Maturity, Estimated Fair Value | $33,508 | ' |
Investment_Securities_Investme1
Investment Securities - Investments' Gross Unrealized Losses and Fair Value (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Available For Sale And Held To Maturity Securities In Continuous Unrealized Loss Position [Line Items] | ' | ' |
Available-for-Sale, Less than 12 Months, Fair Value | $56,038 | $1,253 |
Available-for-Sale, Less than 12 Months, Unrealized Losses | -1,339 | -3 |
Available-for-Sale, 12 Months or More, Fair Value | 296 | 5,617 |
Available-for-Sale, 12 Months or More, Unrealized Losses | -19 | -29 |
U.S. Agencies [Member] | ' | ' |
Available For Sale And Held To Maturity Securities In Continuous Unrealized Loss Position [Line Items] | ' | ' |
Held-to-Maturity, Less than 12 Months, Fair Value | 33,508 | 7,491 |
Held-to-Maturity, Less than 12 Months, Unrealized Losses | -1,600 | -7 |
Held-to-Maturity, 12 Months or More, Fair Value | ' | ' |
Held-to-Maturity, 12 Months or More, Unrealized Losses | ' | ' |
Mortgage-Backed Securities [Member] | ' | ' |
Available For Sale And Held To Maturity Securities In Continuous Unrealized Loss Position [Line Items] | ' | ' |
Available-for-Sale, Less than 12 Months, Fair Value | 50,328 | 1,173 |
Available-for-Sale, Less than 12 Months, Unrealized Losses | -996 | -3 |
Available-for-Sale, 12 Months or More, Fair Value | 296 | 5,617 |
Available-for-Sale, 12 Months or More, Unrealized Losses | -19 | -29 |
U.S. Treasury Securities [Member] | ' | ' |
Available For Sale And Held To Maturity Securities In Continuous Unrealized Loss Position [Line Items] | ' | ' |
Available-for-Sale, Less than 12 Months, Fair Value | 3,766 | 80 |
Available-for-Sale, Less than 12 Months, Unrealized Losses | -318 | ' |
Available-for-Sale, 12 Months or More, Fair Value | ' | ' |
Available-for-Sale, 12 Months or More, Unrealized Losses | ' | ' |
Obligations of States, Counties and Political Subdivisions [Member] | ' | ' |
Available For Sale And Held To Maturity Securities In Continuous Unrealized Loss Position [Line Items] | ' | ' |
Available-for-Sale, Less than 12 Months, Fair Value | 1,944 | ' |
Available-for-Sale, Less than 12 Months, Unrealized Losses | -25 | ' |
Available-for-Sale, 12 Months or More, Fair Value | ' | ' |
Available-for-Sale, 12 Months or More, Unrealized Losses | ' | ' |
Investment_Securities_Addition
Investment Securities - Additional Information (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
Security | ||
Investments Debt And Equity Securities [Abstract] | ' | ' |
Number of debt securities continues loss position for more than twelve months | 2 | ' |
Number of debt securities continues loss position for less than twelve months | 43 | ' |
Investment securities available-for-sale carrying amount | $69,700,000 | $61,600,000 |
Net gains and losses realized on securities available-for-sale | $0 | $0 |
Investments_in_Limited_Partner1
Investments in Limited Partnerships - Additional Information (Detail) (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Equity Method Investments And Joint Ventures [Abstract] | ' |
Consolidated VIE limited partnership interest | 99.90% |
Net increase to total assets due to consolidation | $53,388 |
Maximum exposure to future loss related to limited partnerships recorded investment | 818,999 |
Remaining cash commitments | $0 |
Loans_and_Allowance_for_Loan_L2
Loans and Allowance for Loan Losses - Schedule of Loan Portfolio by Reporting Segment and Portfolio Segment (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | $319,313 | $361,779 | ' |
Less: Unearned Interest and fees | 5,253 | 5,101 | ' |
Allowance for loan losses | 9,282 | 19,278 | ' |
Net loans | 304,778 | 337,400 | ' |
FUSB [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 244,080 | 281,731 | ' |
Less: Unearned Interest and fees | 160 | 175 | ' |
Allowance for loan losses | 6,349 | 15,765 | 18,691 |
Net loans | 237,571 | 265,791 | ' |
ALC [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 75,233 | 80,048 | ' |
Less: Unearned Interest and fees | 5,093 | 4,926 | ' |
Allowance for loan losses | 2,933 | 3,513 | 3,576 |
Net loans | 67,207 | 71,609 | ' |
Construction, Land Development and Other Land Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 13,650 | 30,635 | ' |
Construction, Land Development and Other Land Loans [Member] | FUSB [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 13,650 | 30,635 | ' |
Construction, Land Development and Other Land Loans [Member] | ALC [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Secured by 1-4 Family Residential Properties [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 63,339 | 71,497 | ' |
Secured by 1-4 Family Residential Properties [Member] | FUSB [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 35,532 | 38,450 | ' |
Secured by 1-4 Family Residential Properties [Member] | ALC [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 27,807 | 33,047 | ' |
Secured by Multi-family Residential Properties [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 22,085 | 24,187 | ' |
Secured by Multi-family Residential Properties [Member] | FUSB [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 22,085 | 24,187 | ' |
Secured by Multi-family Residential Properties [Member] | ALC [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Secured by Non-farm, Non-residential Properties [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 121,586 | 129,235 | ' |
Secured by Non-farm, Non-residential Properties [Member] | FUSB [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 121,586 | 129,235 | ' |
Secured by Non-farm, Non-residential Properties [Member] | ALC [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Other [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 771 | 801 | ' |
Other [Member] | FUSB [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 771 | 801 | ' |
Other [Member] | ALC [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Commercial and Industrial Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 38,665 | 42,903 | ' |
Commercial and Industrial Loans [Member] | FUSB [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 38,665 | 42,903 | ' |
Commercial and Industrial Loans [Member] | ALC [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Consumer Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 58,471 | 61,484 | ' |
Consumer Loans [Member] | FUSB [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 11,045 | 14,483 | ' |
Consumer Loans [Member] | ALC [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 47,426 | 47,001 | ' |
Other Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 746 | 1,037 | ' |
Other Loans [Member] | FUSB [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 746 | 1,037 | ' |
Allowance for loan losses | 23 | 66 | 78 |
Other Loans [Member] | ALC [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | ' | ' | ' |
Allowance for loan losses | ' | ' | ' |
Loans_and_Allowance_for_Loan_L3
Loans and Allowance for Loan Losses - Additional Information (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
Segment | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ' | ' |
Number of portfolio segments | 8 | ' |
Related party loans and commitments | $3,689,631 | $2,468,563 |
New loans to parties | ' | 310,265 |
Repayments of loan | 53,446 | 747,536 |
Accrued interest on loans, discontinued amount | 12,750,648 | 23,618,330 |
Accrued interest on loans | 333,637 | 1,058,377 |
Interest income actually recorded | 30,880 | 157,601 |
Accruing loans past due 90 days or more amounted | 1,853,276 | 1,570,548 |
Trouble Debt restructuring Modified period term | '6 months | ' |
Period of repayment performance under the modified loan terms | '6 months | ' |
Non-accruing loans restructured and remained on nonaccrual status | 6,116,647 | 12,397,049 |
Troubled debt restructuring evaluated impairment | 500,000 | ' |
Allowance for loans losses | $486,349 | $6,322,593 |
Real Estate [Member] | ' | ' |
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ' | ' |
Percentage of loan portfolio | 0.69% | 70.90% |
Loans_and_Allowance_for_Loan_L4
Loans and Allowance for Loan Losses - Schedule of Changes in Allowance for Loan Losses and Recorded Investment in Loans (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 |
Other Loans [Member] | Other Loans [Member] | FUSB [Member] | FUSB [Member] | FUSB [Member] | FUSB [Member] | FUSB [Member] | FUSB [Member] | FUSB [Member] | FUSB [Member] | FUSB [Member] | FUSB [Member] | FUSB [Member] | FUSB [Member] | FUSB [Member] | FUSB [Member] | ALC [Member] | ALC [Member] | ALC [Member] | ALC [Member] | ALC [Member] | ALC [Member] | ALC [Member] | ALC [Member] | ALC [Member] | ALC [Member] | ALC [Member] | ALC [Member] | ALC [Member] | ALC [Member] | FUSB & ALC [Member] | FUSB & ALC [Member] | FUSB & ALC [Member] | FUSB & ALC [Member] | FUSB & ALC [Member] | FUSB & ALC [Member] | FUSB & ALC [Member] | FUSB & ALC [Member] | FUSB & ALC [Member] | FUSB & ALC [Member] | FUSB & ALC [Member] | FUSB & ALC [Member] | FUSB & ALC [Member] | ||||||
Commercial Loans [Member] | Commercial Loans [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | Consumer [Member] | Consumer [Member] | Residential Real Estate [Member] | Residential Real Estate [Member] | Other Loans [Member] | Other Loans [Member] | Unallocated [Member] | Unallocated [Member] | Commercial Loans [Member] | Commercial Loans [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | Consumer [Member] | Consumer [Member] | Residential Real Estate [Member] | Residential Real Estate [Member] | Other Loans [Member] | Other Loans [Member] | Unallocated [Member] | Unallocated [Member] | Commercial Loans [Member] | Commercial Loans [Member] | Commercial Real Estate [Member] | Commercial Real Estate [Member] | Consumer [Member] | Consumer [Member] | Residential Real Estate [Member] | Residential Real Estate [Member] | Other Loans [Member] | Other Loans [Member] | Unallocated [Member] | ||||||||||||||
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | $19,278 | ' | ' | ' | ' | $15,765 | $18,691 | $977 | $889 | $14,216 | $16,533 | $168 | $306 | $338 | $684 | $66 | $78 | ' | $201 | $3,513 | $3,576 | ' | ' | ' | ' | $2,733 | $2,542 | $780 | $1,034 | ' | ' | ' | ' | $19,278 | $22,267 | $977 | $889 | $14,216 | $16,533 | $2,901 | $2,848 | $1,118 | $1,718 | $66 | $78 | $201 |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | 9,155 | 5,087 | 462 | 1,278 | 7,950 | 3,395 | 248 | 199 | 493 | 199 | 2 | 16 | ' | ' | 2,536 | 3,962 | ' | ' | ' | ' | 2,129 | 3,249 | 407 | 713 | ' | ' | ' | ' | 11,691 | 9,049 | 462 | 1,278 | 7,950 | 3,395 | 2,377 | 3,448 | 900 | 912 | 2 | 16 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | 201 | 867 | 87 | 156 | 43 | 606 | 65 | 79 | 4 | 24 | 2 | 2 | ' | ' | 695 | 855 | ' | ' | ' | ' | 680 | 815 | 15 | 40 | ' | ' | ' | ' | 896 | 1,722 | 87 | 156 | 43 | 606 | 745 | 894 | 19 | 64 | 2 | 2 | ' |
Provision | 240 | 492 | 799 | 3,175 | ' | ' | ' | -462 | 1,294 | 168 | 1,210 | -1,381 | 472 | 195 | -18 | 599 | -171 | -43 | 2 | ' | -201 | 1,261 | 3,044 | ' | ' | ' | ' | 1,075 | 2,625 | 186 | 419 | ' | ' | ' | ' | 799 | 4,338 | 168 | 1,210 | -1,381 | 472 | 1,270 | 2,607 | 785 | 248 | -43 | 2 | -201 |
Ending balance | 9,282 | ' | 9,282 | ' | ' | ' | ' | 6,349 | 15,765 | 770 | 977 | 4,928 | 14,216 | 180 | 168 | 448 | 338 | 23 | 66 | ' | ' | 2,933 | 3,513 | ' | ' | ' | ' | 2,359 | 2,733 | 574 | 780 | ' | ' | ' | ' | 9,282 | 19,278 | 770 | 977 | 4,928 | 14,216 | 2,539 | 2,901 | 1,022 | 1,118 | 23 | 66 | ' |
Beginning balance | ' | ' | 19,278 | ' | ' | ' | ' | 15,765 | 18,691 | 977 | 889 | 14,216 | 16,533 | 168 | 306 | 338 | 684 | 66 | 78 | ' | 201 | 3,513 | 3,576 | ' | ' | ' | ' | 2,733 | 2,542 | 780 | 1,034 | ' | ' | ' | ' | 19,278 | 22,267 | 977 | 889 | 14,216 | 16,533 | 2,901 | 2,848 | 1,118 | 1,718 | 66 | 78 | 201 |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | 9,155 | 5,087 | 462 | 1,278 | 7,950 | 3,395 | 248 | 199 | 493 | 199 | 2 | 16 | ' | ' | 2,536 | 3,962 | ' | ' | ' | ' | 2,129 | 3,249 | 407 | 713 | ' | ' | ' | ' | 11,691 | 9,049 | 462 | 1,278 | 7,950 | 3,395 | 2,377 | 3,448 | 900 | 912 | 2 | 16 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | 201 | 867 | 87 | 156 | 43 | 606 | 65 | 79 | 4 | 24 | 2 | 2 | ' | ' | 695 | 855 | ' | ' | ' | ' | 680 | 815 | 15 | 40 | ' | ' | ' | ' | 896 | 1,722 | 87 | 156 | 43 | 606 | 745 | 894 | 19 | 64 | 2 | 2 | ' |
Provision | 240 | 492 | 799 | 3,175 | ' | ' | ' | -462 | 1,294 | 168 | 1,210 | -1,381 | 472 | 195 | -18 | 599 | -171 | -43 | 2 | ' | -201 | 1,261 | 3,044 | ' | ' | ' | ' | 1,075 | 2,625 | 186 | 419 | ' | ' | ' | ' | 799 | 4,338 | 168 | 1,210 | -1,381 | 472 | 1,270 | 2,607 | 785 | 248 | -43 | 2 | -201 |
Ending balance | 9,282 | ' | 9,282 | ' | ' | ' | ' | 6,349 | 15,765 | 770 | 977 | 4,928 | 14,216 | 180 | 168 | 448 | 338 | 23 | 66 | ' | ' | 2,933 | 3,513 | ' | ' | ' | ' | 2,359 | 2,733 | 574 | 780 | ' | ' | ' | ' | 9,282 | 19,278 | 770 | 977 | 4,928 | 14,216 | 2,539 | 2,901 | 1,022 | 1,118 | 23 | 66 | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | 2,785 | 11,224 | 224 | 406 | 2,561 | 10,818 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,785 | 11,224 | 224 | 406 | 2,561 | 10,818 | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | 3,564 | 4,541 | 546 | 571 | 2,367 | 3,398 | 180 | 168 | 448 | 338 | 23 | 66 | ' | ' | 2,933 | 3,513 | ' | ' | ' | ' | 2,359 | 2,733 | 574 | 780 | ' | ' | ' | ' | 6,497 | 8,054 | 546 | 571 | 2,367 | 3,398 | 2,539 | 2,901 | 1,022 | 1,118 | 23 | 66 | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 319,313 | ' | 319,313 | ' | 361,779 | 746 | 1,037 | 244,080 | 281,731 | 38,665 | 42,903 | 158,092 | 184,858 | 11,045 | 14,483 | 35,532 | 38,450 | 746 | 1,037 | ' | ' | 75,233 | 80,048 | ' | ' | ' | ' | 47,426 | 47,001 | 27,807 | 33,047 | ' | ' | ' | ' | 319,313 | 361,779 | 38,665 | 42,903 | 158,092 | 184,858 | 58,471 | 61,484 | 63,339 | 71,497 | 746 | 1,037 | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | 35,615 | 54,303 | 788 | 1,085 | 34,532 | 52,893 | ' | ' | 295 | 325 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35,615 | 54,303 | 788 | 1,085 | 34,532 | 52,893 | ' | ' | 295 | 325 | ' | ' | ' |
Ending balance collectively evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | $208,465 | $227,428 | $37,877 | $41,818 | $123,560 | $131,965 | $11,045 | $14,483 | $35,237 | $38,125 | $746 | $1,037 | ' | ' | $75,233 | $80,048 | ' | ' | ' | ' | $47,426 | $47,001 | $27,807 | $33,047 | ' | ' | ' | ' | $283,698 | $307,476 | $37,877 | $41,818 | $123,560 | $131,965 | $58,471 | $61,484 | $63,044 | $71,172 | $746 | $1,037 | ' |
Loans_and_Allowance_for_Loan_L5
Loans and Allowance for Loan Losses - Schedule of Carrying Amount of Loans by Credit Quality Indicator (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | $319,313 | $361,779 |
Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 63,339 | 71,497 |
Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 58,471 | 61,484 |
Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 13,650 | 30,635 |
Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 22,085 | 24,187 |
Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 121,586 | 129,235 |
Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 771 | 801 |
Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 38,665 | 42,903 |
Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 746 | 1,037 |
ALC [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 75,233 | 80,048 |
ALC [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 27,807 | 33,047 |
ALC [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 47,426 | 47,001 |
ALC [Member] | Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | ' |
ALC [Member] | Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | ' |
ALC [Member] | Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | ' |
ALC [Member] | Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | ' |
ALC [Member] | Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | ' |
ALC [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | ' |
FUSB [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 244,080 | 281,731 |
FUSB [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 35,532 | 38,450 |
FUSB [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 11,045 | 14,483 |
FUSB [Member] | Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 13,650 | 30,635 |
FUSB [Member] | Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 22,085 | 24,187 |
FUSB [Member] | Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 121,586 | 129,235 |
FUSB [Member] | Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 771 | 801 |
FUSB [Member] | Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 38,665 | 42,903 |
FUSB [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 746 | 1,037 |
Performing [Member] | ALC [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 73,173 | 78,211 |
Performing [Member] | ALC [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 27,085 | 32,036 |
Performing [Member] | ALC [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 46,088 | 46,175 |
Nonperforming [Member] | ALC [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 2,060 | 1,837 |
Nonperforming [Member] | ALC [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 722 | 1,011 |
Nonperforming [Member] | ALC [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 1,338 | 826 |
Pass 1-4 [Member] | FUSB [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 189,337 | 201,178 |
Pass 1-4 [Member] | FUSB [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 29,666 | 31,772 |
Pass 1-4 [Member] | FUSB [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 10,173 | 13,394 |
Pass 1-4 [Member] | FUSB [Member] | Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 4,299 | 12,653 |
Pass 1-4 [Member] | FUSB [Member] | Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 14,532 | 10,776 |
Pass 1-4 [Member] | FUSB [Member] | Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 97,425 | 90,139 |
Pass 1-4 [Member] | FUSB [Member] | Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 771 | 801 |
Pass 1-4 [Member] | FUSB [Member] | Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 31,729 | 40,607 |
Pass 1-4 [Member] | FUSB [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 742 | 1,036 |
Special Mention 5 [Member] | FUSB [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 11,358 | 15,150 |
Special Mention 5 [Member] | FUSB [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 1,841 | 1,546 |
Special Mention 5 [Member] | FUSB [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 123 | 188 |
Special Mention 5 [Member] | FUSB [Member] | Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 947 | 1,235 |
Special Mention 5 [Member] | FUSB [Member] | Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | 3,132 |
Special Mention 5 [Member] | FUSB [Member] | Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 7,178 | 8,630 |
Special Mention 5 [Member] | FUSB [Member] | Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | ' |
Special Mention 5 [Member] | FUSB [Member] | Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 1,269 | 419 |
Special Mention 5 [Member] | FUSB [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | ' |
Substandard 6 [Member] | FUSB [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 43,385 | 65,403 |
Substandard 6 [Member] | FUSB [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 4,025 | 5,132 |
Substandard 6 [Member] | FUSB [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 749 | 901 |
Substandard 6 [Member] | FUSB [Member] | Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 8,404 | 16,747 |
Substandard 6 [Member] | FUSB [Member] | Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 7,553 | 10,279 |
Substandard 6 [Member] | FUSB [Member] | Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 16,983 | 30,466 |
Substandard 6 [Member] | FUSB [Member] | Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | ' |
Substandard 6 [Member] | FUSB [Member] | Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 5,667 | 1,877 |
Substandard 6 [Member] | FUSB [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 4 | 1 |
Doubtful 7 [Member] | FUSB [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | ' |
Doubtful 7 [Member] | FUSB [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | ' |
Doubtful 7 [Member] | FUSB [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | ' |
Doubtful 7 [Member] | FUSB [Member] | Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | ' |
Doubtful 7 [Member] | FUSB [Member] | Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | ' |
Doubtful 7 [Member] | FUSB [Member] | Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | ' |
Doubtful 7 [Member] | FUSB [Member] | Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | ' |
Doubtful 7 [Member] | FUSB [Member] | Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | ' |
Doubtful 7 [Member] | FUSB [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | ' |
Loans_and_Allowance_for_Loan_L6
Loans and Allowance for Loan Losses - Schedule of Aging Analysis of Past Due Loans (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | $319,313,000 | $361,779,000 |
Accruing loans past due 90 days or more amounted | 1,853,276 | 1,570,548 |
Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 13,650,000 | 30,635,000 |
Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 63,339,000 | 71,497,000 |
Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 22,085,000 | 24,187,000 |
Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 121,586,000 | 129,235,000 |
Other [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 771,000 | 801,000 |
Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 38,665,000 | 42,903,000 |
Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 58,471,000 | 61,484,000 |
Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 746,000 | 1,037,000 |
ALC [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 1,031,000 | 1,337,000 |
60-89 Days Past Due | 635,000 | 782,000 |
Greater than 90 Days | 1,963,000 | 2,234,000 |
Total Past Due | 3,629,000 | 4,353,000 |
Current | 71,604,000 | 75,695,000 |
Total loans | 75,233,000 | 80,048,000 |
Accruing loans past due 90 days or more amounted | 1,853,000 | 1,571,000 |
ALC [Member] | Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | ' | ' |
60-89 Days Past Due | ' | ' |
Greater than 90 Days | ' | ' |
Total Past Due | ' | ' |
Current | ' | ' |
Total loans | ' | ' |
Accruing loans past due 90 days or more amounted | ' | ' |
ALC [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 286,000 | 348,000 |
60-89 Days Past Due | 92,000 | 173,000 |
Greater than 90 Days | 763,000 | 1,075,000 |
Total Past Due | 1,141,000 | 1,596,000 |
Current | 26,666,000 | 31,451,000 |
Total loans | 27,807,000 | 33,047,000 |
Accruing loans past due 90 days or more amounted | 665,000 | 851,000 |
ALC [Member] | Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | ' | ' |
60-89 Days Past Due | ' | ' |
Greater than 90 Days | ' | ' |
Total Past Due | ' | ' |
Current | ' | ' |
Total loans | ' | ' |
Accruing loans past due 90 days or more amounted | ' | ' |
ALC [Member] | Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | ' | ' |
60-89 Days Past Due | ' | ' |
Greater than 90 Days | ' | ' |
Total Past Due | ' | ' |
Current | ' | ' |
Total loans | ' | ' |
Accruing loans past due 90 days or more amounted | ' | ' |
ALC [Member] | Other [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | ' | ' |
60-89 Days Past Due | ' | ' |
Greater than 90 Days | ' | ' |
Total Past Due | ' | ' |
Current | ' | ' |
Total loans | ' | ' |
Accruing loans past due 90 days or more amounted | ' | ' |
ALC [Member] | Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | ' | ' |
60-89 Days Past Due | ' | ' |
Greater than 90 Days | ' | ' |
Total Past Due | ' | ' |
Current | ' | ' |
Total loans | ' | ' |
Accruing loans past due 90 days or more amounted | ' | ' |
ALC [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 745,000 | 989,000 |
60-89 Days Past Due | 543,000 | 609,000 |
Greater than 90 Days | 1,200,000 | 1,159,000 |
Total Past Due | 2,488,000 | 2,757,000 |
Current | 44,938,000 | 44,244,000 |
Total loans | 47,426,000 | 47,001,000 |
Accruing loans past due 90 days or more amounted | 1,188,000 | 720,000 |
ALC [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | ' | ' |
60-89 Days Past Due | ' | ' |
Greater than 90 Days | ' | ' |
Total Past Due | ' | ' |
Current | ' | ' |
Total loans | ' | ' |
Accruing loans past due 90 days or more amounted | ' | ' |
FUSB [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 1,560,000 | 2,530,000 |
60-89 Days Past Due | 443,000 | 1,878,000 |
Greater than 90 Days | 9,139,000 | 19,795,000 |
Total Past Due | 11,142,000 | 24,203,000 |
Current | 232,938,000 | 257,528,000 |
Total loans | 244,080,000 | 281,731,000 |
Accruing loans past due 90 days or more amounted | ' | ' |
FUSB [Member] | Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 233,000 | 456,000 |
60-89 Days Past Due | ' | 1,126,000 |
Greater than 90 Days | 3,132,000 | 10,329,000 |
Total Past Due | 3,365,000 | 11,911,000 |
Current | 10,285,000 | 18,724,000 |
Total loans | 13,650,000 | 30,635,000 |
Accruing loans past due 90 days or more amounted | ' | ' |
FUSB [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 438,000 | 1,027,000 |
60-89 Days Past Due | 236,000 | 572,000 |
Greater than 90 Days | 1,062,000 | 1,106,000 |
Total Past Due | 1,736,000 | 2,705,000 |
Current | 33,796,000 | 35,745,000 |
Total loans | 35,532,000 | 38,450,000 |
Accruing loans past due 90 days or more amounted | ' | ' |
FUSB [Member] | Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | ' | ' |
60-89 Days Past Due | ' | ' |
Greater than 90 Days | 1,286,000 | 2,884,000 |
Total Past Due | 1,286,000 | 2,884,000 |
Current | 20,799,000 | 21,303,000 |
Total loans | 22,085,000 | 24,187,000 |
Accruing loans past due 90 days or more amounted | ' | ' |
FUSB [Member] | Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 693,000 | 210,000 |
60-89 Days Past Due | 105,000 | 32,000 |
Greater than 90 Days | 3,579,000 | 4,930,000 |
Total Past Due | 4,377,000 | 5,172,000 |
Current | 117,209,000 | 124,063,000 |
Total loans | 121,586,000 | 129,235,000 |
Accruing loans past due 90 days or more amounted | ' | ' |
FUSB [Member] | Other [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | ' | ' |
60-89 Days Past Due | ' | ' |
Greater than 90 Days | ' | ' |
Total Past Due | ' | ' |
Current | 771,000 | 801,000 |
Total loans | 771,000 | 801,000 |
Accruing loans past due 90 days or more amounted | ' | ' |
FUSB [Member] | Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 68,000 | 430,000 |
60-89 Days Past Due | 83,000 | 59,000 |
Greater than 90 Days | 55,000 | 480,000 |
Total Past Due | 206,000 | 969,000 |
Current | 38,459,000 | 41,934,000 |
Total loans | 38,665,000 | 42,903,000 |
Accruing loans past due 90 days or more amounted | ' | ' |
FUSB [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 128,000 | 407,000 |
60-89 Days Past Due | 19,000 | 89,000 |
Greater than 90 Days | 25,000 | 66,000 |
Total Past Due | 172,000 | 562,000 |
Current | 10,873,000 | 13,921,000 |
Total loans | 11,045,000 | 14,483,000 |
Accruing loans past due 90 days or more amounted | ' | ' |
FUSB [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | ' | ' |
60-89 Days Past Due | ' | ' |
Greater than 90 Days | ' | ' |
Total Past Due | ' | ' |
Current | 746,000 | 1,037,000 |
Total loans | 746,000 | 1,037,000 |
Accruing loans past due 90 days or more amounted | ' | ' |
Loans_and_Allowance_for_Loan_L7
Loans and Allowance for Loan Losses - Schedule of Analysis of Non-Accruing Loans (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | $12,750 | $23,618 |
Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 4,330 | 11,456 |
Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 1,978 | 2,441 |
Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 1,286 | 2,884 |
Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 4,594 | 5,809 |
Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 425 | 822 |
Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | $137 | $206 |
Loans_and_Allowance_for_Loan_L8
Loans and Allowance for Loan Losses - Schedule of Carrying Amount of Impaired Loans (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | $319,313 | $361,779 |
Construction, Land Development and Other Land Loans [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 13,650 | 30,635 |
Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 63,339 | 71,497 |
Secured by Multi-family Residential Properties [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 22,085 | 24,187 |
Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 121,586 | 129,235 |
Commercial and Industrial Loans [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 38,665 | 42,903 |
Impaired Loans with no Related Allowance Recorded [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 22,981 | 28,123 |
Unpaid Principal Balance | 22,981 | 28,123 |
Related Allowances | ' | ' |
Impaired Loans with no Related Allowance Recorded [Member] | Construction, Land Development and Other Land Loans [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 6,570 | 2,645 |
Unpaid Principal Balance | 6,570 | 2,645 |
Related Allowances | ' | ' |
Impaired Loans with no Related Allowance Recorded [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 295 | 325 |
Unpaid Principal Balance | 295 | 325 |
Related Allowances | ' | ' |
Impaired Loans with no Related Allowance Recorded [Member] | Secured by Multi-family Residential Properties [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 1,054 | 3,027 |
Unpaid Principal Balance | 1,054 | 3,027 |
Related Allowances | ' | ' |
Impaired Loans with no Related Allowance Recorded [Member] | Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 14,498 | 21,471 |
Unpaid Principal Balance | 14,498 | 21,471 |
Related Allowances | ' | ' |
Impaired Loans with no Related Allowance Recorded [Member] | Commercial and Industrial Loans [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 564 | 655 |
Unpaid Principal Balance | 564 | 655 |
Related Allowances | ' | ' |
Impaired Loans with an Allowance Recorded [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 12,634 | 26,180 |
Unpaid Principal Balance | 12,634 | 26,180 |
Related Allowances | 2,785 | 11,224 |
Impaired Loans with an Allowance Recorded [Member] | Construction, Land Development and Other Land Loans [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 1,461 | 12,658 |
Unpaid Principal Balance | 1,461 | 12,658 |
Related Allowances | 263 | 7,453 |
Impaired Loans with an Allowance Recorded [Member] | Secured by Multi-family Residential Properties [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 6,499 | 7,252 |
Unpaid Principal Balance | 6,499 | 7,252 |
Related Allowances | 1,699 | 1,865 |
Impaired Loans with an Allowance Recorded [Member] | Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 4,450 | 5,840 |
Unpaid Principal Balance | 4,450 | 5,840 |
Related Allowances | 599 | 1,500 |
Impaired Loans with an Allowance Recorded [Member] | Commercial and Industrial Loans [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 224 | 430 |
Unpaid Principal Balance | 224 | 430 |
Related Allowances | 224 | 406 |
Impaired Loans [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 35,615 | 54,303 |
Unpaid Principal Balance | 35,615 | 54,303 |
Related Allowances | 2,785 | 11,224 |
Impaired Loans [Member] | Construction, Land Development and Other Land Loans [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 8,031 | 15,303 |
Unpaid Principal Balance | 8,031 | 15,303 |
Related Allowances | 263 | 7,453 |
Impaired Loans [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 295 | 325 |
Unpaid Principal Balance | 295 | 325 |
Related Allowances | ' | ' |
Impaired Loans [Member] | Secured by Multi-family Residential Properties [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 7,553 | 10,279 |
Unpaid Principal Balance | 7,553 | 10,279 |
Related Allowances | 1,699 | 1,865 |
Impaired Loans [Member] | Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 18,948 | 27,311 |
Unpaid Principal Balance | 18,948 | 27,311 |
Related Allowances | 599 | 1,500 |
Impaired Loans [Member] | Commercial and Industrial Loans [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Carrying Amount | 788 | 1,085 |
Unpaid Principal Balance | 788 | 1,085 |
Related Allowances | $224 | $406 |
Loans_and_Allowance_for_Loan_L9
Loans and Allowance for Loan Losses - Schedule of Average Net Investment Impaired Loans and Interest Income Recognized and Received on Impaired Loans (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Average Recorded Investment | $45,627 | $54,220 |
Interest Income Recognized | 1,206 | 2,529 |
Interest Income Received | 1,199 | 2,582 |
Construction, Land Development and Other Land Loans [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Average Recorded Investment | 11,656 | 18,283 |
Interest Income Recognized | 134 | 546 |
Interest Income Received | 135 | 598 |
Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Average Recorded Investment | 308 | 146 |
Interest Income Recognized | 5 | 10 |
Interest Income Received | 6 | 10 |
Secured by Multi-family Residential Properties [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Average Recorded Investment | 9,075 | 4,942 |
Interest Income Recognized | 298 | 483 |
Interest Income Received | 304 | 455 |
Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Average Recorded Investment | 23,527 | 29,627 |
Interest Income Recognized | 741 | 1,452 |
Interest Income Received | 726 | 1,477 |
Commercial and Industrial Loans [Member] | ' | ' |
Schedule Of Financial Receivables [Line Items] | ' | ' |
Average Recorded Investment | 1,061 | 1,222 |
Interest Income Recognized | 28 | 38 |
Interest Income Received | $28 | $42 |
Recovered_Sheet1
Loans and Allowance for Loan Losses - Schedule of Number of Loans Modified Troubled Debt Restructuring by Loan Portfolio (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
SecurityLoan | SecurityLoan | |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 32 | 24 |
Pre-Modification Outstanding Principal Balance | $15,713 | $14,054 |
Post-Modification Principal Balance | 7,834 | 12,516 |
Subsequent default number of loans | 6 | 10 |
Recorded Investment | 3,156 | 7,563 |
Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 8 | 10 |
Pre-Modification Outstanding Principal Balance | 12,580 | 11,267 |
Post-Modification Principal Balance | 5,279 | 9,988 |
Subsequent default number of loans | 2 | 6 |
Recorded Investment | 2,083 | 7,062 |
Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 13 | 4 |
Pre-Modification Outstanding Principal Balance | 870 | 596 |
Post-Modification Principal Balance | 591 | 586 |
Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 8 | 6 |
Pre-Modification Outstanding Principal Balance | 1,892 | 1,811 |
Post-Modification Principal Balance | 1,633 | 1,586 |
Subsequent default number of loans | 4 | 2 |
Recorded Investment | 1,073 | 433 |
Commercial loans [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 3 | 4 |
Pre-Modification Outstanding Principal Balance | 371 | 380 |
Post-Modification Principal Balance | 331 | 356 |
Commercial Loans [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Subsequent default number of loans | ' | 2 |
Recorded Investment | ' | $68 |
Recovered_Sheet2
Loans and Allowance for Loan Losses - Schedule of Change in Troubled Debt Restructuring (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Post-Modification Principal Balance | $7,834 | $12,516 |
Change | -4,682 | ' |
Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Post-Modification Principal Balance | 5,279 | 9,988 |
Change | -4,709 | ' |
Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Post-Modification Principal Balance | 591 | 586 |
Change | 5 | ' |
Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Post-Modification Principal Balance | 1,633 | 1,586 |
Change | 47 | ' |
Commercial loans [Member] | ' | ' |
Financing Receivable Modifications Number Of Contracts [Line Items] | ' | ' |
Post-Modification Principal Balance | 331 | 356 |
Change | ($25) | ' |
Other_Real_Estate_Owned_Summar
Other Real Estate Owned - Summary of Foreclosed Property Activity (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | $13,286,000 | $16,774,000 | $16,774,000 |
Transfers from loans | ' | ' | 2,196,000 | 6,019,000 | ' |
Sales proceeds | ' | ' | -2,781,000 | -4,912,000 | ' |
Gross gains | ' | ' | 90,000 | 74,000 | ' |
Gross losses | ' | ' | -842,000 | -1,106,000 | ' |
Net losses | ' | ' | -752,000 | -1,032,000 | ' |
Impairment | -215,000 | -377,000 | -577,000 | -3,241,000 | -3,582,596 |
Ending balance | 11,372,000 | 13,608,000 | 11,372,000 | 13,608,000 | 13,286,000 |
FUSB [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | 11,089,000 | 12,606,000 | 12,606,000 |
Transfers from loans | ' | ' | 1,770,000 | 5,337,000 | ' |
Sales proceeds | ' | ' | -1,876,000 | -3,670,000 | ' |
Gross gains | ' | ' | 62,000 | 11,000 | ' |
Gross losses | ' | ' | -155,000 | -528,000 | ' |
Net losses | ' | ' | -93,000 | -517,000 | ' |
Impairment | ' | ' | -368,000 | -2,735,000 | ' |
Ending balance | 10,522,000 | 11,021,000 | 10,522,000 | 11,021,000 | ' |
ALC [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | 2,197,000 | 4,168,000 | 4,168,000 |
Transfers from loans | ' | ' | 426,000 | 682,000 | ' |
Sales proceeds | ' | ' | -905,000 | -1,242,000 | ' |
Gross gains | ' | ' | 28,000 | 63,000 | ' |
Gross losses | ' | ' | -687,000 | -578,000 | ' |
Net losses | ' | ' | -659,000 | -515,000 | ' |
Impairment | ' | ' | -209,000 | -506,000 | ' |
Ending balance | $850,000 | $2,587,000 | $850,000 | $2,587,000 | ' |
Other_Real_Estate_Owned_Additi
Other Real Estate Owned - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2013 | |
Real Estate [Abstract] | ' |
Maximum period for recording the adjustments to loan losses | '60 days |
ShortTerm_Borrowings_Additiona
Short-Term Borrowings - Additional Information (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 |
Minimum [Member] | Maximum [Member] | |||
Short-term Debt [Line Items] | ' | ' | ' | ' |
Maturity period of federal funds | ' | ' | '1 day | '4 days |
Federal funds purchased | $0 | $0 | ' | ' |
Securities sold under repurchase agreements | 1,777,000 | 638,000 | ' | ' |
Available fund lines from correspondent banks | $17,800,000 | ' | ' | ' |
LongTerm_Borrowings_Additional
Long-Term Borrowings - Additional Information (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Debt Disclosure [Abstract] | ' | ' |
Advances outstanding to secure borrowings | $5 | $0 |
Assets pledged | 5.3 | 0 |
Available credit from the FHLB | $163 | ' |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Dec. 31, 2012 | |
Income Tax Disclosure [Abstract] | ' | ' |
Unrecognized tax benefits | $0 | ' |
Accrued interest and penalties | 0 | ' |
Federal statutory income tax rate | 34.00% | ' |
Cumulative loss position period | '3 years | ' |
Net deferred tax assets | 7,100,000 | 9,500,000 |
Provision for loan losses | 3,500,000 | 7,300,000 |
Impairment of OREO | 1,800,000 | 2,300,000 |
Deferred compensation | $1,600,000 | $1,500,000 |
Projected future taxable income period | '5 years | ' |
Income_Taxes_Schedule_of_Effec
Income Taxes - Schedule of Effective Income Tax Rate (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' |
Income tax expense at federal statutory rate | ' | ' | $1,421 | $499 |
Increase (decrease) resulting from: | ' | ' | ' | ' |
Tax-exempt interest | ' | ' | -292 | -274 |
State income tax expense, net of federal income taxes | ' | ' | 163 | 43 |
Other | ' | ' | -86 | -111 |
Total | $350 | $517 | $1,206 | $157 |
Segment_Reporting_Additional_I
Segment Reporting - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2013 | |
Segment | |
Segment Reporting [Abstract] | ' |
Number of reportable operating segments | 2 |
Segment_Reporting_Summary_of_R
Segment Reporting - Summary of Results for Reportable Segments (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Eliminations [Member] | Eliminations [Member] | Eliminations [Member] | Eliminations [Member] | FUSB [Member] | FUSB [Member] | FUSB [Member] | FUSB [Member] | FUSB [Member] | FUSB [Member] | ALC [Member] | ALC [Member] | ALC [Member] | ALC [Member] | ALC [Member] | ALC [Member] | All Other [Member] | All Other [Member] | All Other [Member] | All Other [Member] | ||||||
Operating Segments [Member] | Operating Segments [Member] | Operating Segments [Member] | Operating Segments [Member] | Operating Segments [Member] | Operating Segments [Member] | Operating Segments [Member] | Operating Segments [Member] | Operating Segments [Member] | Operating Segments [Member] | Operating Segments [Member] | Operating Segments [Member] | ||||||||||||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net interest income | $7,568 | $8,297 | $23,068 | $25,418 | ' | ' | ' | ' | ' | ' | ' | $4,190 | $4,617 | $12,706 | $14,548 | ' | ' | $3,376 | $3,675 | $10,355 | $10,856 | $2 | $5 | $7 | $14 |
Provision for loan losses | 240 | 492 | 799 | 3,175 | ' | ' | ' | ' | ' | -462 | 1,294 | -300 | ' | -462 | 1,523 | 1,261 | 3,044 | 540 | 492 | 1,261 | 1,652 | ' | ' | ' | ' |
Total non-interest income | 1,291 | 1,453 | 4,142 | 4,058 | ' | -1,249 | -1,535 | -3,920 | -2,203 | ' | ' | 913 | 1,017 | 3,239 | 2,987 | ' | ' | 360 | 361 | 1,045 | 1,020 | 1,267 | 1,610 | 3,778 | 2,254 |
Total non-interest expense | 7,365 | 7,562 | 22,233 | 24,832 | ' | -227 | -197 | -666 | -561 | ' | ' | 4,962 | 4,803 | 14,247 | 16,506 | ' | ' | 2,322 | 2,562 | 7,984 | 8,124 | 308 | 394 | 668 | 763 |
Income before income taxes | 1,254 | 1,696 | 4,178 | 1,469 | ' | -1,022 | -1,338 | -3,254 | -1,642 | ' | ' | 441 | 831 | 2,160 | -494 | ' | ' | 874 | 982 | 2,155 | 2,100 | 961 | 1,221 | 3,117 | 1,505 |
Provision for (benefit from) income taxes | 350 | 517 | 1,206 | 157 | ' | ' | ' | ' | ' | ' | ' | 12 | 136 | 371 | -660 | ' | ' | 337 | 379 | 833 | 812 | 1 | 2 | 2 | 5 |
Net income | 904 | 1,179 | 2,972 | 1,312 | ' | -1,022 | -1,338 | -3,254 | -1,642 | ' | ' | 429 | 695 | 1,789 | 166 | ' | ' | 537 | 603 | 1,322 | 1,288 | 960 | 1,219 | 3,115 | 1,500 |
Other significant items: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | 560,002 | 584,322 | 560,002 | 584,322 | 567,133 | -147,554 | -154,471 | -147,554 | -154,471 | ' | ' | 561,325 | 584,884 | 561,325 | 584,884 | ' | ' | 70,809 | 79,629 | 70,809 | 79,629 | 75,422 | 74,280 | 75,422 | 74,280 |
Total investment securities | 156,852 | 114,763 | 156,852 | 114,763 | ' | ' | ' | ' | ' | ' | ' | 156,772 | 114,688 | 156,772 | 114,688 | ' | ' | ' | ' | ' | ' | 80 | 75 | 80 | 75 |
Total loans, net | 304,778 | 344,733 | 304,778 | 344,733 | ' | -54,609 | -64,319 | -54,609 | -64,319 | ' | ' | 292,180 | 335,487 | 292,180 | 335,487 | ' | ' | 67,207 | 73,565 | 67,207 | 73,565 | ' | ' | ' | ' |
Investment in subsidiaries | 5 | 5 | 5 | 5 | ' | -71,165 | -69,877 | -71,165 | -69,877 | ' | ' | 784 | 802 | 784 | 802 | ' | ' | ' | ' | ' | ' | 70,386 | 69,080 | 70,386 | 69,080 |
Fixed asset additions | 2 | 131 | 82 | 420 | ' | ' | ' | ' | ' | ' | ' | -6 | 99 | 56 | 211 | ' | ' | 8 | 32 | 26 | 209 | ' | ' | ' | ' |
Depreciation expense | 180 | 165 | 520 | 524 | ' | ' | ' | ' | ' | ' | ' | 131 | 127 | 392 | 408 | ' | ' | 49 | 38 | 128 | 116 | ' | ' | ' | ' |
Total interest income from external customers | 8,270 | 9,328 | 25,296 | 29,086 | ' | ' | ' | ' | ' | ' | ' | 4,096 | 4,701 | 12,494 | 15,296 | ' | ' | 4,174 | 4,627 | 12,802 | 13,790 | ' | ' | ' | ' |
Total interest income from affiliates | ' | ' | ' | ' | ' | ($801) | ($957) | ($2,454) | ($2,948) | ' | ' | $798 | $952 | $2,447 | $2,935 | ' | ' | ' | ' | ' | ' | $3 | $5 | $7 | $13 |
Guarantees_Commitments_and_Con2
Guarantees, Commitments and Contingencies - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | |
Standby Letters of Credit [Member] | Standby Letters of Credit [Member] | |||||
Long-term Purchase Commitment [Line Items] | ' | ' | ' | ' | ' | ' |
Credit losses associated with derivative contracts | $0 | $0 | ' | ' | ' | ' |
Bank's total credit risk | ' | ' | ' | ' | 946,000 | 1,092,000 |
Outstanding commitments to purchase and sell securities | ' | ' | ' | ' | $0 | $0 |
Conversion claim and again ordered graves automotive to re-plead its fraud claims period | ' | ' | '60 days | ' | ' | ' |
Number of days within which documents need to be produced | ' | ' | '30 days | ' | ' | ' |
Guarantees_Commitments_and_Con3
Guarantees, Commitments and Contingencies - Summary of Commitments and Contingent Liabilities (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Summary Of Commitments And Contingent Liabilities [Line Items] | ' | ' |
Commitments and contingent liabilities | ' | ' |
Standby Letters of Credit [Member] | ' | ' |
Summary Of Commitments And Contingent Liabilities [Line Items] | ' | ' |
Commitments and contingent liabilities | 946,000 | 1,092,000 |
Commitments to Extend Credit [Member] | ' | ' |
Summary Of Commitments And Contingent Liabilities [Line Items] | ' | ' |
Commitments and contingent liabilities | $31,363,000 | $32,123,000 |