Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Mar. 14, 2014 | Jun. 30, 2013 | |
Document And Entity Information [Abstract] | ' | ' | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Entity Registrant Name | 'UNITED SECURITY BANCSHARES INC | ' | ' |
Entity Central Index Key | '0000717806 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 6,043,292 | ' |
Entity Public Float | ' | ' | $54,790,679 |
Consolidated_Statements_of_Fin
Consolidated Statements of Financial Condition (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
CASH AND DUE FROM BANKS | $10,276 | $12,181 |
INTEREST-BEARING DEPOSITS IN OTHER BANKS | 37,444 | 41,945 |
Total cash and cash equivalents | 47,720 | 54,126 |
FEDERAL FUNDS SOLD | ' | 5,000 |
INVESTMENT SECURITIES AVAILABLE-FOR-SALE, at fair value | 135,754 | 92,614 |
INVESTMENT SECURITIES HELD TO MATURITY, at amortized cost | 35,050 | 21,136 |
FEDERAL HOME LOAN BANK STOCK, at cost | 906 | 936 |
LOANS, net of allowance for loan losses of $9,396 and $19,278, respectively | 300,927 | 337,400 |
PREMISES AND EQUIPMENT, net of accumulated depreciation of $18,178 and $17,760, respectively | 8,928 | 8,903 |
CASH SURRENDER VALUE OF BANK-OWNED LIFE INSURANCE | 13,650 | 13,303 |
ACCRUED INTEREST RECEIVABLE | 2,702 | 3,101 |
OTHER REAL ESTATE OWNED | 9,310 | 13,286 |
OTHER ASSETS | 14,854 | 17,328 |
TOTAL ASSETS | 569,801 | 567,133 |
DEPOSITS: | ' | ' |
Demand, non-interest-bearing | 64,432 | 57,747 |
Demand, interest-bearing | 137,285 | 124,219 |
Savings | 70,838 | 65,296 |
Time, $100 and over | 93,007 | 108,927 |
Other time | 118,717 | 132,845 |
Total deposits | 484,279 | 489,034 |
ACCRUED INTEREST EXPENSE | 266 | 413 |
OTHER LIABILITIES | 8,930 | 8,401 |
SHORT-TERM BORROWINGS | 1,231 | 638 |
LONG-TERM DEBT | 5,000 | 0 |
TOTAL LIABILITIES | 499,706 | 498,486 |
COMMITMENTS AND CONTINGENCIES (SEE NOTE 18) | ' | ' |
SHAREHOLDERS' EQUITY: | ' | ' |
Common stock, par value $.01 per share; 10,000,000 shares authorized; 7,327,560 shares issued; 6,028,091 shares and 6,023,622 shares outstanding for December 31, 2013 and 2012, respectively | 73 | 73 |
Surplus | 9,284 | 9,284 |
Accumulated other comprehensive income, net of tax | 529 | 3,139 |
Retained earnings | 81,214 | 77,287 |
Treasury stock, 1,299,469 and 1,303,938 shares at cost for 2013 and 2012, respectively | -20,992 | -21,123 |
Noncontrolling interest | -13 | -13 |
TOTAL SHAREHOLDERS' EQUITY | 70,095 | 68,647 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $569,801 | $567,133 |
Consolidated_Statements_of_Fin1
Consolidated Statements of Financial Condition (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Loans, allowance for loan losses | $9,396 | $19,278 |
Accumulated depreciation | $18,178 | $17,760 |
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 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
INTEREST INCOME: | ' | ' |
Interest and fees on loans | $30,394 | $35,373 |
Interest on investment securities: | ' | ' |
Taxable | 2,540 | 2,629 |
Tax-exempt | 549 | 575 |
Other interest and dividends | 153 | 176 |
Total interest income | 33,636 | 38,753 |
INTEREST EXPENSE: | ' | ' |
Interest on deposits | 2,884 | 4,433 |
Interest on short-term borrowings | 10 | 10 |
Interest on long-term debt | 11 | 113 |
Total interest expense | 2,905 | 4,556 |
NET INTEREST INCOME | 30,731 | 34,197 |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | -642 | 4,338 |
Net interest income after provision (reduction in reserve) for loan losses | 31,373 | 29,859 |
NON-INTEREST INCOME: | ' | ' |
Service and other charges on deposit accounts | 1,720 | 2,522 |
Credit life insurance income | 806 | 955 |
Other income | 2,339 | 2,088 |
Total non-interest income | 4,865 | 5,565 |
NON-INTEREST EXPENSE: | ' | ' |
Salaries and employee benefits | 16,261 | 14,590 |
Occupancy expense | 1,949 | 1,899 |
Furniture and equipment expense | 1,197 | 1,293 |
Write-downs on other real estate | 2,352 | 4,866 |
Other expense | 9,043 | 9,836 |
Total non-interest expense | 30,802 | 32,484 |
INCOME BEFORE INCOME TAXES | 5,436 | 2,940 |
PROVISION FOR INCOME TAXES | 1,509 | 745 |
NET INCOME | $3,927 | $2,195 |
BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING | 6,025,724 | 6,022,892 |
BASIC AND DILUTED NET INCOME PER SHARE | $0.65 | $0.36 |
DIVIDENDS PER SHARE | $0 | $0 |
Consolidated_Statements_of_Sha
Consolidated Statements of Shareholders' Equity (USD $) | Total | Common Stock [Member] | Surplus [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Retained Earnings [Member] | Treasury Stock, at Cost [Member] | Non-controlling Interest [Member] |
In Thousands | |||||||
Beginning balance at Dec. 31, 2011 | $66,206 | $73 | $9,258 | $3,004 | $75,092 | ($21,208) | ($13) |
Net income | 2,195 | ' | ' | ' | 2,195 | ' | ' |
Other comprehensive income (loss) | 135 | ' | ' | 135 | ' | ' | ' |
Treasury stock reissued | 85 | ' | ' | ' | ' | 85 | ' |
Stock award under employment contract | 26 | ' | 26 | ' | ' | ' | ' |
Ending balance at Dec. 31, 2012 | 68,647 | 73 | 9,284 | 3,139 | 77,287 | -21,123 | -13 |
Net income | 3,927 | ' | ' | ' | 3,927 | ' | ' |
Other comprehensive income (loss) | -2,610 | ' | ' | -2,610 | ' | ' | ' |
Treasury stock reissued | 131 | ' | ' | ' | ' | 131 | ' |
Ending balance at Dec. 31, 2013 | $70,095 | $73 | $9,284 | $529 | $81,214 | ($20,992) | ($13) |
Consolidated_Statements_of_Sha1
Consolidated Statements of Shareholders' Equity (Parenthetical) (Treasury Stock, at Cost [Member]) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Treasury Stock, at Cost [Member] | ' | ' |
Treasury stock reissued, shares | 4,469 | 2,885 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' |
Net income | $3,927 | $2,195 |
Other comprehensive income: | ' | ' |
Change in unrealized holding (losses) gains on available-for-sale securities arising during period, net of $1.6 million and $(0.08) million tax effect | -2,610 | 135 |
Other comprehensive income (loss) | -2,610 | 135 |
Total comprehensive income | $1,317 | $2,330 |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income (Parenthetical) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' |
Tax effect on change in unrealized holding (losses) gains on available-for-sale securities arising during period | $1.60 | ($0.08) |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Net income | $3,927 | $2,195 |
Adjustments to reconcile net income to cash provided by operating activities: | ' | ' |
Depreciation | 717 | 715 |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | -642 | 4,338 |
Deferred income tax provision | 308 | 999 |
Gain on sale of securities, net | -484 | -1 |
Write-downs on other real estate | 2,352 | 4,866 |
Amortization of premium and discounts, net | 810 | 1,183 |
Changes in assets and liabilities: | ' | ' |
Decrease in accrued interest receivable | 399 | 857 |
Decrease in other assets | 1,588 | 429 |
Decrease in accrued interest expense | -147 | -377 |
Increase in other liabilities | 2,095 | 937 |
Net cash provided by operating activities | 10,923 | 16,141 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Purchase of investment securities available-for-sale | -81,301 | -20,375 |
Purchase of investment securities held-to-maturity | -23,191 | -26,188 |
Purchase of Federal Home Loan Bank stock | -225 | ' |
Proceeds from sales of investment securities available-for-sale | ' | 4,010 |
Proceeds from maturities and prepayments of securities available-for-sale | 33,654 | 44,952 |
Proceeds from maturities and prepayments of securities held-to-maturity | 9,282 | 6,225 |
Proceeds from redemption of Federal Home Loan Bank stock | 256 | 1,925 |
Proceeds from the sale of other real estate | 4,020 | 5,990 |
Net change in loan portfolio | 34,719 | 31,979 |
Net decrease (increase) in federal funds sold | 5,000 | -5,000 |
Purchase of premises and equipment, net | -381 | -572 |
Net cash (used in) provided by investing activities | -18,167 | 42,946 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Net decrease in customer deposits | -4,755 | -38,039 |
Net increase in short-term borrowings | 593 | 282 |
Proceeds from Federal Home Loan Bank advances and other borrowings | 5,000 | ' |
Repayment of Federal Home Loan Bank advances and other borrowings | ' | -20,000 |
Net cash provided by (used in) financing activities | 838 | -57,757 |
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | -6,406 | 1,330 |
CASH AND CASH EQUIVALENTS, beginning of year | 54,126 | 52,796 |
CASH AND CASH EQUIVALENTS, end of year | $47,720 | $54,126 |
Description_of_Business
Description of Business | 12 Months Ended | |
Dec. 31, 2013 | ||
Accounting Policies [Abstract] | ' | |
Description of Business | ' | |
1 | DESCRIPTION OF BUSINESS | |
United Security Bancshares, Inc. (“USBI”) and its wholly-owned subsidiary, First United Security Bank (the “Bank” or “FUSB”), provide commercial banking services to customers through nineteen banking offices located in Brent, Bucksville, Butler, Calera, Centreville, Coffeeville, Columbiana, Fulton, Gilbertown, Grove Hill, Harpersville, Jackson, Thomasville, Tuscaloosa and Woodstock, Alabama. | ||
The Bank owns all of the stock of Acceptance Loan Company, Inc. (“ALC”), an Alabama corporation. ALC is a finance company organized for the purpose of making consumer loans and purchasing consumer loans from vendors. ALC has offices located within the communities served by the Bank, as well as offices outside the Bank’s market area in Alabama and southeast Mississippi. The Bank also owns all of the stock of FUSB Reinsurance, Inc. (“FUSB Reinsurance”), an Arizona corporation. FUSB Reinsurance is an insurance company that was created to underwrite credit life and accidental death insurance related to loans written by the Bank and ALC. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||
Summary of Significant Accounting Policies | ' | ||||||||||||
2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||||||||||||
Principles of Consolidation | |||||||||||||
The consolidated financial statements include the accounts of USBI, the Bank and its wholly-owned subsidiaries (collectively, the “Company”), and one variable interest entity (“VIE”). All significant intercompany balances and transactions have been eliminated. The Company consolidates an entity if the Company has a controlling financial interest in the entity. VIEs are consolidated if the Company has the power to direct the significant economic activities of the VIE that impact financial performance and has the obligation to absorb losses or the right to receive benefits that could potentially be significant (i.e., the Company is the primary beneficiary). The assessment of whether or not the Company is the primary beneficiary of a VIE is performed on an ongoing basis. Unconsolidated investments held by the Company are accounted for using the cost method. See Note 7, “Investment in Limited Partnerships,” for further discussion of the consolidated VIE and unconsolidated cost method investments. | |||||||||||||
Use of Estimates | |||||||||||||
The accounting principles and reporting policies of the Company, and the methods of applying these principles, conform with U.S. GAAP and with general practices within the financial services industry. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated statements of condition and revenues and expenses for the period included in the consolidated statements of operations and of cash flows. Actual results could differ from those estimates. | |||||||||||||
Material estimates that are particularly susceptible to significant changes in the near-term relate to the accounting for the allowance for loan losses, the value of OREO and certain collateral-dependent loans, and deferred tax asset valuation. In connection with the determination of the allowance for loan losses and other real estate owned, in some cases, management obtains independent appraisals for significant properties, evaluates the overall portfolio characteristics and delinquencies and monitors economic conditions. | |||||||||||||
A substantial portion of the Company’s loans are secured by real estate in its primary market area. Accordingly, the ultimate collectability of a substantial portion of the Company’s loan portfolio and the recovery of a portion of the carrying amount of foreclosed real estate are susceptible to changes in economic conditions in the Company’s primary market. | |||||||||||||
Cash and Cash Equivalents | |||||||||||||
For purposes of reporting cash flows, cash and cash equivalents include cash on hand, instruments with an original maturity of less than 90 days from issuance and amounts due from banks. | |||||||||||||
Supplemental disclosures of cash flow information and non-cash transactions related to cash flows for the years ended December 31, 2013 and 2012 are as follows: | |||||||||||||
2013 | 2012 | ||||||||||||
(Dollars in Thousands) | |||||||||||||
Cash Paid (Refunded) During the Period for: | |||||||||||||
Interest | $ | 3,052 | $ | 4,933 | |||||||||
Income Taxes | (2,252 | ) | 97 | ||||||||||
Non-Cash Transactions: | |||||||||||||
Other Real Estate Acquired in Settlement of Loans | 2,396 | 7,368 | |||||||||||
Issuance of Treasury Stock as Compensation | 131 | 85 | |||||||||||
Stock Award Under Employment Contract | — | 26 | |||||||||||
Revenue Recognition | |||||||||||||
The main source of revenue for the Company is interest revenue, which is recognized on an accrual basis calculated by non-discretionary formulas based on written contracts, such as loan agreements or securities contracts. Loan origination fees are amortized into interest income over the term of the loan. Other types of non-interest revenue, such as service charges on deposits, are accrued and recognized into income as services are provided and the amount of fees earned is reasonably determinable. | |||||||||||||
Reinsurance Activities | |||||||||||||
The Company assumes insurance risk related to credit life and credit accident and health insurance written by a non-affiliated insurance company for its customers that choose such coverage through a quota share reinsurance agreement. Assumed premiums on credit life are deferred and earned over the period of insurance coverage using a pro rata method or the effective yield method, depending on whether the amount of insurance coverage generally remains level or declines. Assumed premiums for accident and health policies are earned on an average of the pro rata and the effective yield method. | |||||||||||||
Other liabilities include reserves for incurred but unpaid credit insurance claims for policies assumed under the quota share reinsurance agreement. These insurance liabilities are established based on acceptable actuarial methods. Such liabilities are necessarily based on estimates, and, while management believes that the amount is adequate, the ultimate liability may be in excess of or less than the amounts provided. The methods for making such estimates and for establishing the resulting liabilities are continually reviewed, and any adjustments are reflected in earnings currently. | |||||||||||||
Investment Securities | |||||||||||||
Securities may be held in three portfolios: trading account securities, held-to-maturity securities and securities available-for-sale. Trading account securities are carried at estimated fair value, with unrealized gains and losses included in operations. The Company held no securities in a trading account as of December 31, 2013 or 2012. Investment securities held-to-maturity are carried at cost, adjusted for amortization of premiums and accretion of discounts. With regard to investment securities held-to-maturity, management has the intent and the Bank has the ability to hold such securities until maturity. Investment securities available-for-sale are carried at fair value, with any unrealized gains or losses excluded from operations and reflected, net of tax, as a separate component of shareholders’ equity in accumulated other comprehensive income or loss. Investment securities available-for-sale are so classified because management may decide to sell certain securities prior to maturity for liquidity, tax planning or other valid business purposes. When the fair value of a security falls below carrying value, an evaluation must be made to determine if the unrealized loss is a temporary or other-than-temporary impairment. Impaired securities that are not deemed to be temporarily impaired are written down by a charge to operations to the extent that the impairment is related to credit losses. The amount of impairment related to other factors is recognized in other comprehensive income or loss. The Company uses a systematic methodology to evaluate potential impairment of its investments that considers, among other things, the magnitude and duration of the decline in fair value, the financial health of and business outlook of the issuer and the Company’s ability and intent to hold the investment until such time as the security recovers its fair value. | |||||||||||||
Interest earned on investment securities available-for-sale is included in interest income. Amortization of premiums and discounts on investment securities is determined by the interest method and included in interest income. Gains and losses on the sale of investment securities available-for-sale, computed principally on the specific identification method, are shown separately in non-interest income. | |||||||||||||
Derivatives and Hedging Activities | |||||||||||||
As part of the Company’s overall interest rate risk management, the Company has used derivative instruments, which can include interest rate swaps, caps and floors. Accounting Standards Codification (“ASC”) Topic 815, Derivatives and Hedging, requires all derivative instruments to be carried at fair value on the consolidated statements of condition. ASC Topic 815 provides special accounting provisions for derivative instruments that qualify for hedge accounting. To be eligible, the Company must specifically identify a derivative as a hedging instrument and identify the risk being hedged. The derivative instrument must be shown to meet specific requirements under ASC Topic 815. | |||||||||||||
The Company held no derivative instruments as of December 31, 2013 or 2012. | |||||||||||||
Loans and Interest Income | |||||||||||||
Loans are reported at principal amounts outstanding, adjusted for unearned income, net deferred loan origination fees and costs, purchase premiums and discounts, write-downs and the allowance for loan losses. Loan origination fees, net of certain deferred origination costs, and purchase premiums and discounts are recognized as an adjustment to yield of the related loans, on an effective yield basis. | |||||||||||||
Interest on all loans is accrued and credited to income based on the principal amount outstanding. | |||||||||||||
The accrual of interest on loans is discontinued when, in the opinion of management, there is an indication that the borrower may be unable to meet payments as they become due. Upon such discontinuance, all unpaid accrued interest is reversed against current income unless the collateral for the loan is sufficient to cover the accrued interest. Interest received on non-accrual loans generally is either applied against principal or reported as interest income, according to management’s judgment as to the collectability of principal. The policy for interest recognition on impaired loans is consistent with the non-accrual interest recognition policy. Generally, loans are restored to accrual status when the obligation is brought current and has performed in accordance with the contractual terms for a reasonable period of time and the ultimate collectability of the total contractual principal and interest is no longer in doubt. | |||||||||||||
Allowance for Loan Losses | |||||||||||||
The allowance for loan losses is determined based on various components for individually impaired loans and for homogeneous pools of loans. The allowance for loan losses is increased by a provision for loan losses, which is charged to expense and reduced by charge-offs, net of recoveries by portfolio segment. The methodology for determining charge-offs is consistently applied to each segment. The allowance for loan losses is maintained at a level that, in management’s judgment, is adequate to absorb credit losses inherent in the loan portfolio. The amount of the allowance is based on management’s evaluation of the collectability of the loan portfolio, including the nature of the portfolio, and changes in its risk profile, credit concentrations, historical trends and economic conditions. This evaluation also considers the balance of impaired loans. Losses on individually identified impaired loans are measured based on the present value of expected future cash flows discounted at each loan’s original effective market interest rate. As a practical expedient, impairment may be measured based on the loan’s observable market price or the fair value of the collateral if the loan is collateral dependent. When the measure of the impaired loan is less than the recorded investment in the loan, the impairment is recorded through the provision added to the allowance for loan losses. One-to-four family residential mortgages and consumer installment loans are subjected to a collective evaluation for impairment, considering delinquency and repossession statistics, loss experience and other factors. Though management believes the allowance for loan losses to be adequate, ultimate losses may vary from their estimates. However, estimates are reviewed periodically, and, as adjustments become necessary, they are reported in earnings during periods in which they become known. | |||||||||||||
Premises and Equipment | |||||||||||||
Premises and equipment are carried at cost less accumulated depreciation and amortization computed principally by the straight-line method over the estimated useful lives of the assets or the expected lease terms for leasehold improvements, whichever is shorter. Useful lives for all premises and equipment range between three and thirty years. | |||||||||||||
Other Real Estate | |||||||||||||
Other real estate consists of properties acquired through a foreclosure proceeding or acceptance of a deed in lieu of foreclosure. These properties are carried at the lower of cost or fair value based on appraised value, less estimated selling costs. Losses arising from the acquisition of properties are charged against the allowance for loan losses. Other real estate aggregated amounted to $9.3 million and $13.3 million as of December 31, 2013 and 2012, respectively. Transfers from loans to other real estate amounted to $2.4 million in 2013 and $7.4 million in 2012. There were no transfers from other real estate to loans in 2013. Transfers from other real estate to loans amounted to $0.3 million in 2012. Other real estate disposed of amounted to $4.9 million and $7.3 million in 2013 and 2012, respectively. | |||||||||||||
Income Taxes | |||||||||||||
The Company accounts for income taxes on the accrual basis through the use of the asset and liability method. Under the asset and liability method, deferred taxes are recognized for the tax consequences of temporary differences by applying enacted statutory tax rates applicable to future years to differences between the consolidated financial statement carrying amounts and the basis of existing assets and liabilities. The effect on deferred taxes of a change in tax rates would be recognized in income in the period that includes the enactment date. | |||||||||||||
In accordance with ASC Topic 740, Income Taxes, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. | |||||||||||||
Treasury Stock | |||||||||||||
Treasury stock purchases and sales are accounted for using the cost method. | |||||||||||||
Advertising Costs | |||||||||||||
Advertising costs for promoting the Company are minimal and expensed as incurred. | |||||||||||||
Reclassification | |||||||||||||
Certain amounts in the 2012 consolidated financial statements have been reclassified to conform to the 2013 method of presentation. | |||||||||||||
Subsequent Events | |||||||||||||
The Company has evaluated subsequent events through the filing date of the consolidated financial statements. No subsequent events requiring recognition or disclosure were identified, and, therefore, none were incorporated into the consolidated financial statements presented herein. | |||||||||||||
Net Income Per Share | |||||||||||||
Basic net income per share is computed by dividing net income by the weighted average shares outstanding during the period. Diluted net income per share 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 periods ended December 31, 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 share calculations for the years ended December 31, 2013 and 2012. | |||||||||||||
Net Income | Weighted | Basic and | |||||||||||
Average | Diluted Net | ||||||||||||
Shares | Income | ||||||||||||
Outstanding | Per Share | ||||||||||||
For the Years Ended: | (Dollars in Thousands, Except Share | ||||||||||||
Amounts) | |||||||||||||
December 31, 2013 | $ | 3,927 | 6,025,724 | $ | 0.65 | ||||||||
December 31, 2012 | $ | 2,195 | 6,022,892 | $ | 0.36 | ||||||||
Accounting Policies Recently Adopted and Pending Accounting Pronouncements | |||||||||||||
In January 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force). ASU 2014-04 clarifies when an “in substance repossession or foreclosure” occurs, that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, such that all or a portion of the loan should be derecognized and the real estate property recognized. ASU 2014-04 states that a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure, or the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The amendments of ASU 2014-04 also require interim and annual disclosure of both the amount of foreclosed residential real estate property held by the creditor and the recorded investment in consumer mortgage loans collateralized by residential real estate properties that are in the process of foreclosure. The amendments of ASU 2014-04 are effective for interim and annual periods beginning after December 15, 2014, and may be applied using either a modified retrospective transition method or a prospective transition method as described in ASU 2014-04. The adoption of ASU 2014-04 is not expected to have a significant impact on the Company’s consolidated financial position, results of operations or cash flows. | |||||||||||||
In January 2014, the FASB issued ASU 2014-01, Investments – Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects (a consensus of the FASB Emerging Issues Task Force). ASU 2014-01 permits reporting entities that invest in qualified affordable housing projects to elect to account for those investments using the “proportional amortization method” if certain conditions are met. Under this method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). The decision to apply the proportional amortization method of accounting is an accounting policy decision and should be applied consistently to all qualifying affordable housing project investments. ASU 2014-01 should be applied retrospectively to all periods presented and is effective for annual and interim reporting periods beginning after December 15, 2014. The Company does not have a significant amount of investments in qualified affordable housing projects that qualify for the low income housing tax credit. Such investments are currently either consolidated in the Company’s financial statements or accounted for as cost method investments. The adoption of ASU 2014-01 is not expected to have a significant impact on the Company’s consolidated financial position, results of operations or cash flows. | |||||||||||||
In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (a consensus of the FASB Emerging Issues Task Force). ASU 2013-11 provides that an entity’s unrecognized tax benefit, or a portion of its unrecognized tax benefit, should be presented in its financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, with one exception. The exception states that to the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position, or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. ASU 2013-11 applies prospectively for all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or tax credit carryforward exists at the reporting date. ASU 2013-11 is effective for fiscal years, and interim periods within those years beginning after December 15, 2013. The adoption of ASU 2013-11 is not expected to have a significant impact on the Company’s consolidated financial position, results of operations or cash flows. | |||||||||||||
In February 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. ASU 2013-02 requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on net income line items only for those items that are reported in their entirety in net income in the period of reclassification. For these items, entities are required to disclose the effect of the reclassification on each line item of net income that is affected by the reclassification adjustment. For items that are not reclassified in their entirety into net income, an entity is required to add a cross-reference to the note that includes additional information about the effect of the reclassification. For entities that only have reclassifications into net income in their entirety, this information may be presented either in the notes or parenthetically on the face of the statement that reports net income as long as the required information is reported in a single location. Entities that have one or more reclassification items that are not presented in their entirety in net income in the period of reclassification must present this information in the notes to the financial statements. ASU 2013-02 became effective for the Company’s financial statements on January 1, 2013, and the adoption did not have a significant impact on the Company’s consolidated financial position, results of operations or cash flows. |
Investment_Securities
Investment Securities | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||
Investment Securities | ' | ||||||||||||||||
3 | INVESTMENT SECURITIES | ||||||||||||||||
Details of investment securities available-for-sale and held-to-maturity as of December 31, 2013 and 2012 are as follows: | |||||||||||||||||
Available-for-Sale | |||||||||||||||||
December 31, 2013 | |||||||||||||||||
Amortized Cost | Gross | Gross | Estimated Fair | ||||||||||||||
Unrealized | Unrealized | Value | |||||||||||||||
Gains | Losses | ||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||
Residential | $ | 82,840 | $ | 1,479 | $ | (885 | ) | $ | 83,434 | ||||||||
Commercial | 30,677 | 143 | (355 | ) | 30,465 | ||||||||||||
Obligations of states and political subdivisions | 16,230 | 799 | (2 | ) | 17,027 | ||||||||||||
Obligations of U.S. government sponsored agencies | 1,000 | 1 | — | 1,001 | |||||||||||||
U.S. treasury securities | 4,161 | — | (334 | ) | 3,827 | ||||||||||||
Total | $ | 134,908 | $ | 2,422 | $ | (1,576 | ) | $ | 135,754 | ||||||||
Held-to-Maturity | |||||||||||||||||
December 31, 2013 | |||||||||||||||||
Amortized Cost | Gross | Gross | Estimated Fair | ||||||||||||||
Unrealized | Unrealized | Value | |||||||||||||||
Gains | Losses | ||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
Obligations of U.S. government sponsored agencies | $ | 35,050 | $ | — | $ | (1,684 | ) | $ | 33,365 | ||||||||
Available-for-Sale | |||||||||||||||||
December 31, 2012 | |||||||||||||||||
Amortized Cost | Gross | Gross | Estimated Fair | ||||||||||||||
Unrealized | Unrealized | Value | |||||||||||||||
Gains | Losses | ||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||
Residential | $ | 46,260 | $ | 3,004 | $ | — | $ | 49,264 | |||||||||
Commercial | 27,857 | 464 | (32 | ) | 28,289 | ||||||||||||
Obligations of states 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 Cost | Gross | Gross | Estimated Fair | ||||||||||||||
Unrealized | Unrealized | Value | |||||||||||||||
Gains | Losses | ||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
Obligations of U.S. government sponsored agencies | $ | 21,136 | $ | 56 | $ | (7 | ) | $ | 21,185 | ||||||||
The scheduled maturities of investment securities available-for-sale and held-to-maturity as of December 31, 2013 are presented in the following table: | |||||||||||||||||
Available-for-Sale | Held-to-Maturity | ||||||||||||||||
Amortized Cost | Estimated Fair | Amortized | Estimated | ||||||||||||||
Value | Cost | Fair Value | |||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
Maturing within one year | $ | 280 | $ | 281 | $ | — | $ | — | |||||||||
Maturing after one to five years | 11,796 | 12,306 | — | — | |||||||||||||
Maturing after five to ten years | 63,180 | 62,974 | 15,197 | 14,821 | |||||||||||||
Maturing after ten years | 59,652 | 60,193 | 19,853 | 18,544 | |||||||||||||
Total | $ | 134,908 | $ | 135,754 | $ | 35,050 | $ | 33,365 | |||||||||
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. | |||||||||||||||||
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 December 31, 2013 and 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. | |||||||||||||||||
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, as of December 31, 2013 and 2012. | |||||||||||||||||
Available-for-Sale | |||||||||||||||||
December 31, 2013 | |||||||||||||||||
Less than 12 Months | 12 Months or More | ||||||||||||||||
Fair Value | Unrealized | Fair Value | Unrealized | ||||||||||||||
Losses | Losses | ||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||
Residential | $ | 43,091 | $ | (885 | ) | $ | — | $ | — | ||||||||
Commercial | 21,231 | (337 | ) | 271 | (18 | ) | |||||||||||
Obligations of states and political subdivisions | 1,050 | (2 | ) | — | — | ||||||||||||
U.S. treasury securities | 3,748 | (334 | ) | — | — | ||||||||||||
Total | $ | 69,120 | $ | (1,558 | ) | $ | 271 | $ | (18 | ) | |||||||
Held-to-Maturity | |||||||||||||||||
December 31, 2013 | |||||||||||||||||
Less than 12 Months | 12 Months or More | ||||||||||||||||
Fair Value | Unrealized | Fair Value | Unrealized | ||||||||||||||
Losses | Losses | ||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
Obligations of U.S. government sponsored agencies | $ | 33,365 | $ | (1,684 | ) | $ | — | $ | — | ||||||||
Available-for-Sale | |||||||||||||||||
December 31, 2012 | |||||||||||||||||
Less than 12 Months | 12 Months or More | ||||||||||||||||
Fair Value | Unrealized | Fair Value | Unrealized | ||||||||||||||
Losses | Losses | ||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
U.S. treasury securities | $ | 80 | $ | — | $ | — | $ | — | |||||||||
Mortgage-backed commercial securities | 1,173 | (3 | ) | 5,617 | (29 | ) | |||||||||||
Total | $ | 1,253 | $ | (3 | ) | $ | 5,617 | $ | (29 | ) | |||||||
Held-to-Maturity | |||||||||||||||||
December 31, 2012 | |||||||||||||||||
Less than 12 Months | 12 Months or More | ||||||||||||||||
Fair Value | Unrealized | Fair Value | Unrealized | ||||||||||||||
Losses | Losses | ||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
Obligations of U.S. government sponsored agencies | $ | 7,491 | $ | (7 | ) | $ | — | $ | — | ||||||||
As of December 31, 2013, two debt securities had been in a loss position for more than twelve months, and 49 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 $72.7 million and $61.6 million as of December 31, 2013 and 2012, respectively, were pledged to secure public deposits and for other purposes. | |||||||||||||||||
Gains realized on sales of securities available-for-sale were approximately $0.5 million and $1,000 in 2013 and 2012, respectively. The gain on sale in 2013 resulted from a non-recurring fee received by the Bank in connection with early payoff of a mortgage-backed pool. Losses on sales of securities totaled approximately zero in both 2013 and 2012. |
Loans_and_Allowance_for_Loan_L
Loans and Allowance for Loan Losses | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||||||
Loans and Allowance for Loan Losses | ' | ||||||||||||||||||||||||||||
4 | LOANS AND ALLOWANCE FOR LOAN LOSSES | ||||||||||||||||||||||||||||
As of December 31, 2013 and 2012, the composition of the loan portfolio by reporting segment and portfolio segment was as follows: | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
FUSB | ALC | Total | |||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 11,348 | $ | — | $ | 11,348 | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 34,978 | 26,621 | 61,599 | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 22,095 | — | 22,095 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 122,430 | — | 122,430 | ||||||||||||||||||||||||||
Other | 761 | — | 761 | ||||||||||||||||||||||||||
Commercial and industrial loans | 37,772 | — | 37,772 | ||||||||||||||||||||||||||
Consumer loans | 9,886 | 48,938 | 58,824 | ||||||||||||||||||||||||||
Other loans | 604 | — | 604 | ||||||||||||||||||||||||||
Total loans | 239,874 | 75,559 | 315,433 | ||||||||||||||||||||||||||
Less: Unearned interest, fees and deferred cost | 149 | 4,961 | 5,110 | ||||||||||||||||||||||||||
Allowance for loan losses | 6,272 | 3,124 | 9,396 | ||||||||||||||||||||||||||
Net loans | $ | 233,453 | $ | 67,474 | $ | 300,927 | |||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
FUSB | ALC | Total | |||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
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, fees and deferred cost | 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, 69.2% 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 December 31, 2013 and 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 the normal course of business. These credits may be loans and lines 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 credit cards, 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 the Company, 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 collectability, nor do they present other unfavorable features. The aggregate balances of such related party loans and commitments as of December 31, 2013 and 2012 were $3.6 million and $2.5 million, respectively. During the year ended December 31, 2013, new loans to these parties totaled $1.7 million, and repayments by active related parties were $0.6 million. During the year ended December 31, 2012, new loans to these related parties totaled $0.3 million, and repayments by active related parties were $0.7 million. | |||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||
The following tables present changes in the allowance for loan losses by reporting segment and loan type as of December 31, 2013 and 2012: | |||||||||||||||||||||||||||||
FUSB | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 977 | $ | 14,216 | $ | 168 | $ | 338 | $ | 66 | $ | — | $ | 15,765 | |||||||||||||||
Charge-offs | 537 | 8,055 | 350 | 685 | — | — | 9,627 | ||||||||||||||||||||||
Recoveries | 141 | 2,747 | 96 | 8 | 4 | — | 2,996 | ||||||||||||||||||||||
Provision | 11 | (4,056 | ) | 266 | 974 | (57 | ) | — | (2,862 | ) | |||||||||||||||||||
Ending balance | 592 | 4,852 | 180 | 635 | 13 | — | 6,272 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 219 | 2,839 | — | 11 | — | — | 3,069 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 373 | $ | 2,013 | $ | 180 | $ | 624 | $ | 13 | $ | — | $ | 3,203 | |||||||||||||||
Loan receivables: | |||||||||||||||||||||||||||||
Ending balance | 37,772 | 156,634 | 9,886 | 34,978 | 604 | — | 239,874 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 753 | 28,813 | — | 2,985 | — | — | 32,551 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 37,019 | $ | 127,821 | $ | 9,886 | $ | 31,993 | $ | 604 | $ | — | $ | 207,323 | |||||||||||||||
ALC | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | — | $ | — | $ | 2,733 | $ | 780 | $ | — | $ | — | $ | 3,513 | |||||||||||||||
Charge-offs | — | — | 2,979 | 525 | — | — | 3,504 | ||||||||||||||||||||||
Recoveries | — | — | 874 | 21 | — | — | 895 | ||||||||||||||||||||||
Provision | — | — | 2,039 | 181 | — | — | 2,220 | ||||||||||||||||||||||
Ending balance | — | — | 2,667 | 457 | — | — | 3,124 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | — | — | — | — | — | — | — | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | — | $ | — | $ | 2,667 | $ | 457 | $ | — | $ | — | $ | 3,124 | |||||||||||||||
Loan receivables: | |||||||||||||||||||||||||||||
Ending balance | — | — | 48,938 | 26,621 | — | — | 75,559 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | — | — | — | — | — | — | — | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | — | $ | — | $ | 48,938 | $ | 26,621 | $ | — | $ | — | $ | 75,559 | |||||||||||||||
FUSB & ALC | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 977 | $ | 14,216 | $ | 2,901 | $ | 1,118 | $ | 66 | $ | — | $ | 19,278 | |||||||||||||||
Charge-offs | 537 | 8,055 | 3,329 | 1,210 | — | — | 13,131 | ||||||||||||||||||||||
Recoveries | 141 | 2,747 | 970 | 29 | 4 | — | 3,891 | ||||||||||||||||||||||
Provision | 11 | (4,056 | ) | 2,305 | 1,155 | (57 | ) | — | (642 | ) | |||||||||||||||||||
Ending balance | 592 | 4,852 | 2,847 | 1,092 | 13 | — | 9,396 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 219 | 2,839 | — | 11 | — | — | 3,069 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 373 | $ | 2,013 | $ | 2,847 | $ | 1,081 | $ | 13 | $ | — | $ | 6,327 | |||||||||||||||
Loan receivables: | |||||||||||||||||||||||||||||
Ending balance | 37,772 | 156,634 | 58,824 | 61,599 | 604 | — | 315,433 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 753 | 28,813 | — | 2,985 | — | — | 32,551 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 37,019 | $ | 127,821 | $ | 58,824 | $ | 58,614 | $ | 604 | $ | — | $ | 282,882 | |||||||||||||||
FUSB | |||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
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 and ALC | |||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
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 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 as of December 31, 2013. | |||||||||||||||||||||||||||||
FUSB | |||||||||||||||||||||||||||||
Pass | Special | Substandard | Doubtful | Total | |||||||||||||||||||||||||
4-Jan | Mention | 6 | 7 | ||||||||||||||||||||||||||
5 | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 3,992 | $ | 793 | $ | 6,563 | $ | — | $ | 11,348 | |||||||||||||||||||
Secured by 1-4 family residential properties | 29,295 | 1,497 | 4,162 | 24 | 34,978 | ||||||||||||||||||||||||
Secured by multi-family residential properties | 14,569 | — | 7,526 | — | 22,095 | ||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 92,880 | 11,904 | 17,595 | 51 | 122,430 | ||||||||||||||||||||||||
Other | 761 | — | — | — | 761 | ||||||||||||||||||||||||
Commercial and industrial loans | 31,164 | 175 | 6,433 | — | 37,772 | ||||||||||||||||||||||||
Consumer loans | 9,133 | 105 | 648 | — | 9,886 | ||||||||||||||||||||||||
Other loans | 600 | 1 | 3 | — | 604 | ||||||||||||||||||||||||
Total | $ | 182,394 | $ | 14,475 | $ | 42,930 | $ | 75 | $ | 239,874 | |||||||||||||||||||
ALC | |||||||||||||||||||||||||||||
Performing | Nonperforming | Total | |||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Secured by 1-4 family residential properties | $ | 26,061 | $ | 560 | $ | 26,621 | |||||||||||||||||||||||
Consumer loans | 47,644 | 1,294 | 48,938 | ||||||||||||||||||||||||||
Total | $ | 73,705 | $ | 1,854 | $ | 75,559 | |||||||||||||||||||||||
The table below illustrates the carrying amount of loans by credit quality indicator as of December 31, 2012. | |||||||||||||||||||||||||||||
FUSB | |||||||||||||||||||||||||||||
Pass | Special | Substandard | Doubtful | Total | |||||||||||||||||||||||||
4-Jan | Mention | 6 | 7 | ||||||||||||||||||||||||||
5 | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
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 as of December 31, 2013. | |||||||||||||||||||||||||||||
FUSB | |||||||||||||||||||||||||||||
As of December 31, 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 | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | — | $ | 38 | $ | 2,000 | $ | 2,038 | $ | 9,310 | $ | 11,348 | $ | — | |||||||||||||||
Secured by 1-4 family residential properties | 271 | 154 | 1,801 | 2,226 | 32,752 | 34,978 | — | ||||||||||||||||||||||
Secured by multi-family residential properties | — | — | 1,286 | 1,286 | 20,809 | 22,095 | — | ||||||||||||||||||||||
Secured by non-farm, non-residential properties | 719 | 93 | 4,434 | 5,246 | 117,184 | 122,430 | — | ||||||||||||||||||||||
Other | — | — | — | — | 761 | 761 | — | ||||||||||||||||||||||
Commercial and industrial loans | 902 | — | 480 | 1,382 | 36,390 | 37,772 | — | ||||||||||||||||||||||
Consumer loans | 101 | — | 26 | 127 | 9,759 | 9,886 | — | ||||||||||||||||||||||
Other loans | 11 | — | 8 | 19 | 585 | 604 | — | ||||||||||||||||||||||
Total | $ | 2,004 | $ | 285 | $ | 10,035 | $ | 12,324 | $ | 227,550 | $ | 239,874 | $ | — | |||||||||||||||
ALC | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater Than | Total Past | Current | Total | Recorded | |||||||||||||||||||||||
Past Due | Past Due | 90 Days | Due | Loans | Investment > | ||||||||||||||||||||||||
90 Days and | |||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||
Secured by 1-4 family residential properties | 403 | 143 | 507 | 1,053 | 25,568 | 26,621 | 409 | ||||||||||||||||||||||
Secured by multi-family residential properties | — | — | — | — | — | — | — | ||||||||||||||||||||||
Secured by non-farm, non-residential properties | — | — | — | — | — | — | — | ||||||||||||||||||||||
Other | — | — | — | — | — | — | — | ||||||||||||||||||||||
Commercial and industrial loans | — | — | — | — | — | — | — | ||||||||||||||||||||||
Consumer loans | 684 | 597 | 1,258 | 2,539 | 46,399 | 48,938 | 1,252 | ||||||||||||||||||||||
Other loans | — | — | — | — | — | — | — | ||||||||||||||||||||||
Total | $ | 1,087 | $ | 740 | $ | 1,765 | $ | 3,592 | $ | 71,967 | $ | 75,559 | $ | 1,661 | |||||||||||||||
The following table provides an aging analysis of past due loans by class as of December 31, 2012. | |||||||||||||||||||||||||||||
FUSB | |||||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater Than | Total Past | Current | Total Loans | Recorded | |||||||||||||||||||||||
Past Due | Past Due | 90 Days | Due | Investment > | |||||||||||||||||||||||||
90 Days and | |||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
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 | 429 | 59 | 480 | 968 | 41,935 | 42,903 | — | ||||||||||||||||||||||
Consumer loans | 407 | 89 | 66 | 562 | 13,921 | 14,483 | — | ||||||||||||||||||||||
Other loans | — | — | — | — | 1,037 | 1,037 | — | ||||||||||||||||||||||
Total | $ | 2,529 | $ | 1,878 | $ | 19,795 | $ | 24,202 | $ | 257,529 | $ | 281,731 | $ | — | |||||||||||||||
ALC | |||||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater Than | Total Past | Current | Total Loans | Recorded | |||||||||||||||||||||||
Past Due | Past Due | 90 Days | Due | Investment > | |||||||||||||||||||||||||
90 Days and | |||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
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 as of December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
Loans on Non-Accrual Status | |||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 2,337 | $ | 11,456 | |||||||||||||||||||||||||
Secured by 1-4 family residential properties | 1,952 | 2,441 | |||||||||||||||||||||||||||
Secured by multi-family residential properties | 1,286 | 2,884 | |||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 4,435 | 5,809 | |||||||||||||||||||||||||||
Commercial and industrial loans | 479 | 822 | |||||||||||||||||||||||||||
Consumer loans | 76 | 206 | |||||||||||||||||||||||||||
Total loans | $ | 10,565 | $ | 23,618 | |||||||||||||||||||||||||
Impaired Loans: | |||||||||||||||||||||||||||||
A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the related loan agreement. If a loan is impaired, a specific valuation allowance is allocated, if necessary, so that the loan is reported net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the collateral. All loans of $500,000 or more that are classified as nonaccrual are identified for impairment analysis. The policy for recognizing income on impaired loans is consistent with the nonaccrual policy. Impaired loans, or portions thereof, are charged off when deemed uncollectible. | |||||||||||||||||||||||||||||
As of December 31, 2013, the carrying amount of impaired loans consisted of the following: | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Impaired loans with no related allowance recorded | Carrying | Unpaid | Related | ||||||||||||||||||||||||||
Amount | Principal | Allowances | |||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Loans secured by real estate | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 4,590 | $ | 4,590 | $ | — | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 103 | 103 | — | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 1,053 | 1,053 | — | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 11,844 | 11,844 | — | ||||||||||||||||||||||||||
Commercial and industrial | 534 | 534 | — | ||||||||||||||||||||||||||
Total loans with no related allowance recorded | $ | 18,124 | $ | 18,124 | $ | — | |||||||||||||||||||||||
Impaired loans with an allowance recorded | |||||||||||||||||||||||||||||
Loans secured by real estate | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 1,407 | $ | 1,407 | $ | 232 | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 185 | 185 | 11 | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 6,474 | 6,474 | 2,005 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 6,376 | 6,376 | 835 | ||||||||||||||||||||||||||
Commercial and industrial | 219 | 219 | 219 | ||||||||||||||||||||||||||
Total loans with an allowance recorded | $ | 14,661 | $ | 14,661 | $ | 3,302 | |||||||||||||||||||||||
Total impaired loans | |||||||||||||||||||||||||||||
Loans secured by real estate | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 5,997 | $ | 5,997 | $ | 232 | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 288 | 288 | 11 | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 7,527 | 7,527 | 2,005 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 18,220 | 18,220 | 835 | ||||||||||||||||||||||||||
Commercial and industrial | 753 | 753 | 219 | ||||||||||||||||||||||||||
Total impaired loans | $ | 32,785 | $ | 32,785 | $ | 3,302 | |||||||||||||||||||||||
As of December 31, 2012, the carrying amount of impaired loans consisted of the following: | |||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Impaired loans with no related allowance recorded | Carrying | Unpaid | Related | ||||||||||||||||||||||||||
Amount | Principal | Allowances | |||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
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 as of December 31, 2013 and 2012 were as follows: | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Average | Interest | Interest | |||||||||||||||||||||||||||
Recorded | Income | Income | |||||||||||||||||||||||||||
Investment | Recognized | Received | |||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Loans secured by real estate | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 10,249 | $ | 177 | $ | 179 | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 303 | 7 | 7 | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 8,690 | 438 | 446 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 22,272 | 918 | 935 | ||||||||||||||||||||||||||
Commercial and industrial | 987 | 33 | 34 | ||||||||||||||||||||||||||
Total | $ | 42,501 | $ | 1,573 | $ | 1,601 | |||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Average | Interest | Interest | |||||||||||||||||||||||||||
Recorded | Income | Income | |||||||||||||||||||||||||||
Investment | Recognized | Received | |||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
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 | 9 | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 4,942 | 483 | 455 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 29,627 | 1,452 | 1,478 | ||||||||||||||||||||||||||
Commercial and industrial | 1,222 | 38 | 42 | ||||||||||||||||||||||||||
Total | $ | 54,220 | $ | 2,529 | $ | 2,582 | |||||||||||||||||||||||
Loans on which the accrual of interest has been discontinued amounted to $10.6 million and $23.6 million as of December 31, 2013 and 2012, respectively. If interest on those loans had been accrued, such income would have approximated $0.6 million and $1.1 million for 2013 and 2012, respectively. Interest income actually recorded on those loans amounted to $0.1 million and $0.2 million for 2013 and 2012, respectively. Accruing loans past due 90 days or more amounted to $1.7 million and $1.6 million for 2013 and 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 being 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. Based on the above, the Company had $5.7 million and $12.4 million of non-accruing loans that were restructured and remained on non-accrual status as of December 31, 2013 and 2012, respectively. In addition, the Company had $2.0 million of restructured loans that were restored to accrual status based on a sustained period of repayment performance as of December 31, 2013, compared to $0.1 million as of December 31, 2012. | |||||||||||||||||||||||||||||
The following table provides the number of loans modified in a troubled debt restructuring by loan portfolio as of December 31, 2013 and 2012, as well as the pre- and post-modification principal balance as of December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
December 31, 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 | ||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | 10 | $ | 7,551 | $ | 3,837 | 10 | $ | 11,267 | $ | 9,988 | |||||||||||||||||||
Secured by 1-4 family residential properties | 17 | 1,375 | 1,067 | 4 | 596 | 586 | |||||||||||||||||||||||
Secured by non-farm, non-residential properties | 9 | 2,683 | 2,418 | 6 | 1,811 | 1,586 | |||||||||||||||||||||||
Commercial loans | 4 | 416 | 344 | 4 | 380 | 356 | |||||||||||||||||||||||
Total | 40 | $ | 12,025 | $ | 7,666 | 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 December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
Number | Recorded | Number | Recorded | ||||||||||||||||||||||||||
of Loans | Investment | of Loans | Investment | ||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Construction, land development and other land loans | 2 | $ | 566 | 6 | $ | 7,062 | |||||||||||||||||||||||
Secured by non-farm, non-residential properties | 4 | 1,073 | 2 | 433 | |||||||||||||||||||||||||
Commercial | — | — | 2 | 68 | |||||||||||||||||||||||||
Total | 6 | $ | 1,639 | 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 years ended December 31, 2013 and 2012, restructured loan modifications of loans secured by real estate, commercial and industrial loans primarily included maturity date extensions and payment schedule modifications. | |||||||||||||||||||||||||||||
Troubled debt restructurings as of December 31, 2013 and December 31, 2012 were as follows: | |||||||||||||||||||||||||||||
December 31, | December 31, | Change | |||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 3,837 | $ | 9,988 | $ | (6,151 | ) | ||||||||||||||||||||||
Secured by 1-4 family residential properties | 1,067 | 586 | 481 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 2,418 | 1,586 | 832 | ||||||||||||||||||||||||||
Commercial and industrial loans | 344 | 356 | (12 | ) | |||||||||||||||||||||||||
Total | $ | 7,666 | $ | 12,516 | $ | (4,850 | ) | ||||||||||||||||||||||
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 which have experienced a subsequent payment default, are 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 $0.8 million and $6.3 million for 2013 and 2012, respectively. |
Other_Real_Estate_Owned
Other Real Estate Owned | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||
Other Real Estate Owned | ' | ||||||||||||
5 | OTHER REAL ESTATE OWNED | ||||||||||||
Other real estate and certain other assets acquired in foreclosure are reported at the lower of the recorded investment or fair value of the property less estimated costs to sell. The following table summarizes foreclosed property activity as of December 31, 2013 and 2012. | |||||||||||||
December 31, 2013 | |||||||||||||
FUSB | ALC | TOTAL | |||||||||||
(Dollars in Thousands) | |||||||||||||
Balance December 31, 2012 | $ | 11,089 | $ | 2,197 | $ | 13,286 | |||||||
Transfers from loans | 1,859 | 537 | 2,396 | ||||||||||
Sales proceeds | (3,051 | ) | (969 | ) | (4,020 | ) | |||||||
Gross gains | 69 | 27 | 96 | ||||||||||
Gross losses | (215 | ) | (729 | ) | (944 | ) | |||||||
Net losses | (146 | ) | (702 | ) | (848 | ) | |||||||
Impairment | (1,288 | ) | (216 | ) | (1,504 | ) | |||||||
Balance December 31, 2013 | $ | 8,463 | $ | 847 | $ | 9,310 | |||||||
December 31, 2012 | |||||||||||||
FUSB | ALC | TOTAL | |||||||||||
(Dollars in Thousands) | |||||||||||||
Balance December 31, 2011 | $ | 12,606 | $ | 4,168 | $ | 16,774 | |||||||
Transfers from loans | 6,611 | 757 | 7,368 | ||||||||||
Sales proceeds | (4,514 | ) | (1,477 | ) | (5,991 | ) | |||||||
Gross gains | 42 | 63 | 105 | ||||||||||
Gross losses | (663 | ) | (725 | ) | (1,388 | ) | |||||||
Net losses | (621 | ) | (662 | ) | (1,283 | ) | |||||||
Impairment | (2,993 | ) | (589 | ) | (3,582 | ) | |||||||
Balance December 31, 2012 | $ | 11,089 | $ | 2,197 | $ | 13,286 | |||||||
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. |
Premises_and_Equipment
Premises and Equipment | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Premises and Equipment | ' | ||||||||
6 | PREMISES AND EQUIPMENT | ||||||||
Premises and equipment and their depreciable lives are summarized as follows: | |||||||||
2013 | 2012 | ||||||||
(Dollars in Thousands) | |||||||||
Land | $ | 2,003 | $ | 2,003 | |||||
Premises (40 years) | 12,408 | 12,176 | |||||||
Furniture, fixtures, and equipment (3-7 years) | 12,695 | 12,484 | |||||||
Total | 27,106 | 26,663 | |||||||
Less accumulated depreciation | (18,178 | ) | (17,760 | ) | |||||
Total | $ | 8,928 | $ | 8,903 | |||||
Depreciation expense of $0.7 million was recorded in both 2013 and 2012 on premises and equipment. |
Investment_in_Limited_Partners
Investment in Limited Partnerships | 12 Months Ended | |
Dec. 31, 2013 | ||
Text Block [Abstract] | ' | |
Investment in Limited Partnerships | ' | |
7 | INVESTMENT 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 VIE under ASC Topic 810, Consolidation. The Company consolidates one of the funds in which it has a 99.9% limited partnership interest. Assets recorded by the Company as a result of the consolidation totaled approximately $53,000 and $70,000 as of December 31, 2013 and 2012, respectively. In addition, net loss associated with the consolidation reported as a reduction to the Company’s net income totaled approximately $26,000 and $70,000 in 2013 and 2012, respectively. In both years, a small portion of the loss (less than $1,000) was attributable to noncontrolling interests, with the remainder of the loss attributable to the Company. 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 was limited to the $0.8 million recorded investment as of December 31, 2013 and 2012. | ||
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 Bank had no remaining cash commitments to these partnerships as of December 31, 2013. |
Deposits
Deposits | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Banking And Thrift [Abstract] | ' | ||||
Deposits | ' | ||||
8 | DEPOSITS | ||||
As of December 31, 2013, the scheduled maturities of the Bank’s time deposits were as follows: | |||||
December 31,2013 | |||||
(Dollars in | |||||
Thousands) | |||||
2014 | $ | 137,052 | |||
2015 | 37,974 | ||||
2016 | 18,709 | ||||
2017 | 12,818 | ||||
2018 and Thereafter | 5,171 | ||||
Total | $ | 211,724 | |||
At December 31, 2013 and 2012, the Company had brokered certificates of deposit totaling $15.2 million and $21.9 million, respectively. Deposits from related parties held by the Company amounted to $3.9 million and $4.1 million at December 31, 2013 and 2012, respectively |
ShortTerm_Borrowings
Short-Term Borrowings | 12 Months Ended | |
Dec. 31, 2013 | ||
Debt Disclosure [Abstract] | ' | |
Short-Term Borrowings | ' | |
9 | 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 as of December 31, 2013 or 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 as of December 31, 2013 and 2012 were $1.2 million and $0.6 million, respectively. | ||
As of December 31, 2013, the Bank had $18.8 million in available federal fund lines from correspondent banks. |
LongTerm_Debt
Long-Term Debt | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Long-Term Debt | ' | ||||||||
10 | LONG-TERM DEBT | ||||||||
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. As of December 31, 2013, the Company had advances outstanding of $5.0 million and assets pledged of $5.1 million. As of December 31, 2012, no advances were outstanding, and no assets were pledged. | |||||||||
The following summarizes information concerning FHLB advances and other borrowings: | |||||||||
2013 | 2012 | ||||||||
(Dollars in Thousands, | |||||||||
Except Percentages) | |||||||||
Balance at year-end | $ | 5,000 | $ | — | |||||
Average balance during the year | 1,890 | 4,918 | |||||||
Maximum month-end balance during the year | 5,000 | 20,000 | |||||||
Average rate paid during the year | 0.58 | % | 2.3 | % | |||||
Weighted average remaining maturity | 1.67 years | — | |||||||
As of December 31, 2013 the Company had one FHLB advance with a rate of 0.57% maturing August 2015. There were no FHLB advances as of December 31, 2012. | |||||||||
December 31, 2013, the Bank had $165.9 million in available credit from the FHLB. |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Income Taxes | ' | ||||||||
11 | 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, 2010 through 2013. | |||||||||
As of December 31, 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 December 31, 2013. As of December 31, 2013, the Company had accrued no interest and no penalties related to uncertain tax positions. | |||||||||
The consolidated provisions for (benefits from) income taxes for the years ended December 31, 2013 and 2012 were as follows: | |||||||||
2013 | 2012 | ||||||||
(Dollars in | |||||||||
Thousands) | |||||||||
Federal | |||||||||
Current | $ | 971 | $ | (381 | ) | ||||
Deferred | 245 | 830 | |||||||
1,216 | 449 | ||||||||
State | |||||||||
Current | 230 | 126 | |||||||
Deferred | 63 | 170 | |||||||
293 | 296 | ||||||||
Total | $ | 1,509 | $ | 745 | |||||
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: | |||||||||
2013 | 2012 | ||||||||
(Dollars in | |||||||||
Thousands) | |||||||||
Income tax expense at federal statutory rate | $ | 1,848 | $ | 1,000 | |||||
Increase (decrease) resulting from: | |||||||||
Tax-exempt interest | (394 | ) | (375 | ) | |||||
State income tax expense, net of federal income taxes | 190 | 102 | |||||||
Other | (135 | ) | 18 | ||||||
Total | $ | 1,509 | $ | 745 | |||||
The tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31, 2013 and 2012 are presented below: | |||||||||
2013 | 2012 | ||||||||
(Dollars in Thousands) | |||||||||
Deferred tax assets: | |||||||||
Allowance for loan losses | $ | 3,556 | $ | 7,321 | |||||
Accrued vacation | 66 | 69 | |||||||
Deferred compensation | 1,608 | 1,543 | |||||||
Deferred commissions and fees | 269 | 420 | |||||||
Goodwill amortization | 104 | 147 | |||||||
Impairment OREO | 3,103 | 2,254 | |||||||
Federal NOL carryover | 2,135 | — | |||||||
State NOL carryover | 568 | 205 | |||||||
Federal AMT & general business credits carryover | 216 | 155 | |||||||
Other | 42 | 44 | |||||||
Total gross deferred tax assets | 11,667 | 12,158 | |||||||
Deferred tax liabilities: | |||||||||
Premises and equipment | 236 | 308 | |||||||
Limited Partnerships | 154 | — | |||||||
Unrealized gain on securities available-for-sale | 317 | 1,883 | |||||||
Other | 173 | 438 | |||||||
Total gross deferred tax liabilities | 880 | 2,629 | |||||||
Net deferred tax asset, included in other assets | $ | 10,787 | $ | 9,529 | |||||
As of December 31, 2013, of the $10.8 million net deferred tax asset, $3.6 million related to the provision for loan losses, $3.1 million related to impairment of OREO, $1.6 million resulted from deferred compensation, and $2.7 million related to carryover of federal and state net operating losses (“NOLs”). 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. | |||||||||
The calculation of the income tax provision requires the use of estimates and judgments by management. As part of the Company’s overall business strategy, management must take into account tax laws and regulations that apply to specific tax issues faced by the Company each year. Management’s determination of the realization of the net deferred tax asset is based upon an evaluation of the four possible sources of taxable income: 1) the future reversals of taxable temporary differences; 2) future taxable income, exclusive of reversing temporary differences and carryforwards; 3) taxable income in prior carryback years; and 4) tax-planning strategies. In making a conclusion, management has evaluated the available positive and negative evidence impacting these sources of taxable income. The primary sources of positive and negative evidence impacting taxable income are summarized below: | |||||||||
Positive Evidence | |||||||||
• | History of earnings – The Company has a strong history of generating earnings and has demonstrated positive earnings in 18 of the last 20 years. The Company has a full 20-year carryforward period for federal tax purposes and eight years for the State of Alabama to absorb and use any operating losses triggered as a result of reversing deductible differences, such as loan charge-offs or sales of other real estate. | ||||||||
• | Creation of future taxable income – The Company has projected future taxable income that will be sufficient to absorb the remaining deferred tax assets after the reversal of future taxable temporary differences. The taxable income forecasting process utilizes the forecasted pre-tax earnings and adjusts for book-tax differences that will be exempt from taxation, primarily tax-exempt interest income and bank-owned life insurance, as well as temporary book-tax differences, including the allowance for loan losses. The projections relied upon for this process are consistent with those used for the Company’s financial forecasting process. Management believes that the projections resulting from the taxable income forecasting process are sound, however; there can be no assurance that such taxable income will be realized due to unanticipated changes in economic and competitive factors. | ||||||||
• | Strong capital position – As of December 31, 2013, the Company had a Tier 1 leverage ratio of 10.88%, calculated as a percentage of 2013 average assets, which is substantially above the 5.00% minimum standard to be considered well capitalized under regulatory guidelines. Also, the total risk-based capital ratio of 19.20% substantially exceeds the 10.00% minimum standard to be considered well capitalized. | ||||||||
• | Ability to implement tax-planning strategies – The Company has the ability to implement tax planning strategies to maximize the realization of deferred tax assets, such as the sale of assets. As an example, during the year ended December 31, 2013, the Company’s portfolio of securities available for sale had $2.4 million of gross unrealized pre-tax gains that could accelerate the recognition of the associated taxable temporary differences, which management would consider to be a tax planning strategy to maximize the realization of the deferred tax assets that may expire unutilized. | ||||||||
• | The largest losses experienced were in one type of loan, real estate development. Except in unusual circumstances, the Company no longer invests in these types of loans and is focused on managing this segment of the loan portfolio aggressively. Of the loan loss provision expensed in 2012, 25.0%, or $1.1 million, was in the loan category of real estate development loans, raw land or residential lots. In 2013, recoveries of previously charged-off amounts in this category, coupled with an improvement in the credit quality and other inherent risks of the loan portfolio at December 31, 2012, resulted in a credit to the loan loss provision. | ||||||||
Negative Evidence | |||||||||
• | Cumulative loss position – As of December 31, 2013, the Company was in a three-year cumulative loss position. Excluding goodwill impairment in 2011, as this item is nondeductible for income tax purposes, the cumulative continuing operations pre-tax loss position for 2011 through 2013 was $2.6 million. The cumulative loss primarily resulted from the unprecedented provision for loan losses and net recoveries of $22.5 million during these periods. Based on our current evaluation of the loan portfolio under current economic conditions, management believes that the provision for loan losses will continue to return to more normalized levels in future periods. During 2013, the Company experienced a reduction in the reserve of $0.6 million, as compared with a provision for loan losses of $4.3 million and $18.8 million in 2012 and 2011, respectively. | ||||||||
The Company believes that the positive evidence, when considered in its entirety, outweighs the negative evidence of recent pre-tax losses. Accordingly, a valuation allowance was not established as of December 31, 2013 or 2012. |
Employee_Benefit_Plans
Employee Benefit Plans | 12 Months Ended | |
Dec. 31, 2013 | ||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | |
Employee Benefit Plans | ' | |
12 | EMPLOYEE BENEFIT PLANS | |
The Company sponsors a combined 401(k) and employee stock ownership plan, the United Security Bancshares, Inc. Employee Stock Ownership Plan (With 401(k) Provisions) (the “401(k) Plan”). The 401(k) Plan allows participants to defer up to 15% of their compensation on a pre-tax basis, subject to the statutory annual contribution limit. For 2013 and 2012, the Company made “safe harbor” contributions on behalf of participants in the form of a match that was equal to 100% of each participant’s elective deferrals, up to a maximum of 4% of the participant’s eligible compensation. The 401(k) Plan also allows the Company to make discretionary matching contributions on behalf of participants equal to 2% of each participant’s elective deferrals. No discretionary match was made in 2013 or 2012. The Company’s matching contributions to the 401(k) Plan totaled $0.3 million in both 2013 and 2012. | ||
Participants can elect to invest all or a portion of their assets in the 401(k) Plan in the form of Company stock. The 401(k) Plan held 321,814 and 335,349 shares of Company stock as of December 31, 2013 and 2012, respectively. These shares are allocated to participants in the 401(k) Plan and, accordingly, are included in the earnings per share calculations. |
Deferred_Compensation_Plan
Deferred Compensation Plan | 12 Months Ended | |
Dec. 31, 2013 | ||
Postemployment Benefits [Abstract] | ' | |
Deferred Compensation Plan | ' | |
13 | DEFERRED COMPENSATION PLAN | |
The Bank has entered into supplemental compensation benefits agreements with the directors and certain executive officers. The measurement of the liability under these agreements includes estimates involving life expectancy, length of time before retirement and the expected returns on the Bank-owned life insurance policies used to fund those agreements. Should these estimates prove materially wrong, the cost of these agreements could change accordingly. The related deferred compensation obligation to these directors and executive officers included in other liabilities was $3.5 and $3.4 million as of December 31, 2013 and 2012, respectively. | ||
Non-employee directors may elect to defer payment of all or any portion of their FUSB director fees under the United Security Bancshares, Inc. Non-Employee Directors’ Deferred Compensation Plan (the “Deferral Plan”), and, beginning on January 1, 2012, all USBI director fees are deferred under the Deferral Plan. The Deferral Plan, which was ratified by shareholders at the annual meeting held on May 11, 2004, permits non-employee directors to invest their directors’ fees and to receive the adjusted value of the deferred amounts in cash and/or shares of USBI’s common stock. | ||
Neither USBI nor the Bank makes any contribution to participants’ accounts under the Deferral Plan. | ||
While not required by the Deferral Plan, the Company established a grantor trust (Rabbi Trust) as an instrument to fund the stock portion of the Deferral Plan. As of December 31, 2013 and 2012, the grantor trust held 13,701 and 18,170 shares, respectively, of USBI’s common stock. These shares have been classified in equity as treasury stock. The related deferred compensation obligation, included in other liabilities, was $0.6 million for both December 31, 2013 and 2012. |
Shareholders_Equity
Shareholders' Equity | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||||||||||
Shareholders' Equity | ' | ||||||||||||||||||||||||
14 | SHAREHOLDERS’ EQUITY | ||||||||||||||||||||||||
Dividends are paid at the discretion of the Company’s Board of Directors, based on the Company’s operating performance and financial position, including earnings, capital and liquidity. Dividends from the Bank are the Company’s primary source of funds for the payment of dividends to shareholders, and there are various legal and regulatory limits regarding the extent to which the Bank may pay dividends or otherwise supply funds to the Company. In addition, federal and state regulatory agencies have the authority to prevent the Company from paying a dividend to shareholders. The Company has not paid a dividend to its shareholders since the first quarter of 2011 due to substantial net losses at the Bank, and the Company can make no assurances that it will be able or permitted to pay dividends in the future. | |||||||||||||||||||||||||
The Company is subject to various regulatory capital requirements that prescribe quantitative measures of the Company’s assets, liabilities and certain off-balance sheet items. The Company’s regulators also have imposed qualitative guidelines for capital amounts and classifications such as risk weightings, capital components and other details. The quantitative measures to ensure capital adequacy require that the Company maintain amounts and ratios, as set forth in the schedule below, of total and Tier I capital (as defined in the regulations) to risk-weighted assets (as defined in the regulations) and of Tier I capital to average total assets (as defined in the regulations). Failure to meet minimum capital requirements can initiate certain actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Management believes that, as of December 31, 2013 and 2012, the Company met all capital adequacy requirements imposed by its regulators. | |||||||||||||||||||||||||
As of December 31, 2013, the most recent notification from the Federal Deposit Insurance Corporation categorized the Bank as “well-capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well-capitalized,” the Bank must maintain minimum total risk-based, Tier I risk-based and Tier I leverage ratios, as set forth in the table. There have been no conditions or events since that notification that management believes have changed the Bank’s categorization. The Bank was categorized as “well-capitalized” as of December 31, 2012, as well. | |||||||||||||||||||||||||
Actual capital amounts, as well as required and well capitalized total risk-based, Tier I risk-based, and Tier I leverage ratios as of December 31, 2013 and 2012, for the Company and the Bank were as follows: | |||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Actual | Adequacy | To Be Well | |||||||||||||||||||||||
Purposes | Capitalized Under | ||||||||||||||||||||||||
Prompt | |||||||||||||||||||||||||
Corrective | |||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||
Total Capital (to Risk Weighted Assets): | |||||||||||||||||||||||||
United Security Bancshares, Inc. | $ | 64,842 | 19.2 | % | $ | 27,012 | 8 | % | N/A | N/A | |||||||||||||||
First United Security Bank | 65,304 | 19.34 | % | 27,012 | 8 | % | $ | 33,765 | 10 | % | |||||||||||||||
Tier I Capital (to Risk Weighted Assets): | |||||||||||||||||||||||||
United Security Bancshares, Inc. | 60,557 | 17.93 | % | 13,506 | 4 | % | N/A | N/A | |||||||||||||||||
First United Security Bank | 61,019 | 18.07 | % | 13,506 | 4 | % | 20,259 | 6 | % | ||||||||||||||||
Tier I Leverage (to Average Assets): | |||||||||||||||||||||||||
United Security Bancshares, Inc. | 60,557 | 10.88 | % | 16,698 | 3 | % | N/A | N/A | |||||||||||||||||
First United Security Bank | 61,019 | 10.97 | % | 16,691 | 3 | % | 27,819 | 5 | % | ||||||||||||||||
2012 | |||||||||||||||||||||||||
Actual | Adequacy | To Be Well | |||||||||||||||||||||||
Purposes | Capitalized Under | ||||||||||||||||||||||||
Prompt | |||||||||||||||||||||||||
Corrective | |||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||
Total Capital (to Risk Weighted Assets): | |||||||||||||||||||||||||
United Security Bancshares, Inc. | $ | 63,957 | 17.05 | % | $ | 30,008 | 8 | % | N/A | N/A | |||||||||||||||
First United Security Bank | 64,422 | 17.17 | % | 30,008 | 8 | % | $ | 37,510 | 10 | % | |||||||||||||||
Tier I Capital (to Risk Weighted Assets): | |||||||||||||||||||||||||
United Security Bancshares, Inc. | 59,088 | 15.75 | % | 15,004 | 4 | % | N/A | N/A | |||||||||||||||||
First United Security Bank | 59,553 | 15.88 | % | 15,004 | 4 | % | 22,506 | 6 | % | ||||||||||||||||
Tier I Leverage (to Average Assets): | |||||||||||||||||||||||||
United Security Bancshares, Inc. | 59,088 | 10.51 | % | 16,873 | 3 | % | N/A | N/A | |||||||||||||||||
First United Security Bank | 59,553 | 10.6 | % | 16,862 | 3 | % | 28,104 | 5 | % |
Segment_Reporting
Segment Reporting | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||
Segment Reporting | ' | ||||||||||||||||||||
15 | SEGMENT REPORTING | ||||||||||||||||||||
Under ASC Topic 280, Segment Reporting, certain information is disclosed for the two reportable operating segments of the Company: FUSB, ALC and all other (primarily FUSB Reinsurance). The reportable segments were determined using the internal management reporting system. These segments are composed of the Company’s and the Bank’s significant subsidiaries. The accounting policies for each segment are the same as those described in Note 2, “Summary of Significant Accounting Policies.” 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: | |||||||||||||||||||||
2013 | |||||||||||||||||||||
FUSB | ALC | All | Eliminations | Consolidated | |||||||||||||||||
Other | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Total interest income | $ | 19,833 | $ | 17,026 | $ | 10 | $ | (3,233 | ) | $ | 33,636 | ||||||||||
Total interest expense | 2,915 | 3,223 | — | (3,233 | ) | 2,905 | |||||||||||||||
Net interest income | 16,918 | 13,803 | 10 | — | 30,731 | ||||||||||||||||
Provision (reduction in reserve) for loan losses | (2,862 | ) | 2,220 | — | — | (642 | ) | ||||||||||||||
Net interest income after provision (reduction in reserve) | 19,780 | 11,583 | 10 | — | 31,373 | ||||||||||||||||
Total non-interest income | 3,553 | 1,387 | 812 | (887 | ) | 4,865 | |||||||||||||||
Total non-interest expense | 20,464 | 10,303 | 922 | (887 | ) | 30,802 | |||||||||||||||
Income (loss) before income taxes | 2,869 | 2,667 | (100 | ) | — | 5,436 | |||||||||||||||
Provision for income taxes | 493 | 1,012 | 4 | — | 1,509 | ||||||||||||||||
Net income (loss) | $ | 2,376 | $ | 1,655 | (104 | ) | — | 3,927 | |||||||||||||
Other significant items: | |||||||||||||||||||||
Total assets | $ | 559,159 | $ | 71,572 | $ | 76,236 | $ | (137,166 | ) | $ | 569,801 | ||||||||||
Total investment securities | 170,724 | — | 80 | — | 170,804 | ||||||||||||||||
Total loans, net | 293,069 | 67,474 | — | (59,616 | ) | 300,927 | |||||||||||||||
Investment in subsidiaries | 784 | — | 71,096 | (71,875 | ) | 5 | |||||||||||||||
Fixed asset additions | 323 | 58 | — | — | 381 | ||||||||||||||||
Depreciation and amortization expense | 539 | 178 | — | — | 717 | ||||||||||||||||
Total interest income from external customers | 16,610 | 17,026 | — | — | 33,636 | ||||||||||||||||
Total interest income from affiliates | 3,223 | — | 10 | (3,233 | ) | — | |||||||||||||||
2012 | |||||||||||||||||||||
FUSB | ALC | All | Eliminations | Consolidated | |||||||||||||||||
Other | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Total interest income | $ | 24,109 | $ | 18,503 | $ | 19 | $ | (3,878 | ) | $ | 38,753 | ||||||||||
Total interest expense | 4,575 | 3,859 | — | (3,878 | ) | 4,556 | |||||||||||||||
Net interest income | 19,534 | 14,644 | 19 | — | 34,197 | ||||||||||||||||
Provision for loan losses | 1,294 | 3,044 | — | — | 4,338 | ||||||||||||||||
Net interest income after provision | 18,240 | 11,600 | 19 | — | 29,859 | ||||||||||||||||
Total non-interest income | 3,967 | 1,414 | 956 | (772 | ) | 5,565 | |||||||||||||||
Total non-interest expense | 21,368 | 10,734 | 1,154 | (772 | ) | 32,484 | |||||||||||||||
Income (loss) before income taxes | 839 | 2,280 | (179 | ) | — | 2,940 | |||||||||||||||
(Benefit from) provision for income taxes | (145 | ) | 884 | 6 | — | 745 | |||||||||||||||
Net income (loss) | $ | 984 | $ | 1,396 | $ | (185 | ) | — | $ | 2,195 | |||||||||||
Other significant items: | |||||||||||||||||||||
Total assets | $ | 557,374 | $ | 79,090 | $ | 74,958 | $ | (144,289 | ) | $ | 567,133 | ||||||||||
Total investment securities | 113,670 | — | 80 | — | 113,750 | ||||||||||||||||
Total loans, net | 329,425 | 71,609 | — | (63,634 | ) | 337,400 | |||||||||||||||
Investment in subsidiaries | 784 | — | 69,757 | (70,536 | ) | 5 | |||||||||||||||
Fixed asset additions | 314 | 258 | — | — | 572 | ||||||||||||||||
Depreciation and amortization expense | 562 | 153 | — | — | 715 | ||||||||||||||||
Total interest income from external customers | 20,250 | 18,503 | — | — | 38,753 | ||||||||||||||||
Total interest income from affiliates | 3,858 | — | 19 | (3,877 | ) | — |
Other_Operating_Expenses
Other Operating Expenses | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Other Income And Expenses [Abstract] | ' | ||||||||
Other Operating Expenses | ' | ||||||||
16 | OTHER OPERATING EXPENSES | ||||||||
Other operating expenses for the years 2013 and 2012 consisted of the following: | |||||||||
2013 | 2012 | ||||||||
(Dollars in Thousands) | |||||||||
Legal, accounting and other professional fees | $ | 1,355 | $ | 1,361 | |||||
Postage, stationery and supplies | 851 | 859 | |||||||
Telephone/data communication | 622 | 631 | |||||||
FDIC insurance assessments | 722 | 787 | |||||||
Other | 5,493 | 6,198 | |||||||
Total | $ | 9,043 | $ | 9,836 | |||||
Operating_Leases
Operating Leases | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Leases [Abstract] | ' | ||||
Operating Leases | ' | ||||
17 | OPERATING LEASES | ||||
The Company leases equipment and office space under noncancellable operating leases and also month-to-month rental agreements. | |||||
The following is a schedule, by years, of future minimum rental payments required under operating leases having initial or remaining noncancellable terms in excess of one year as of December 31, 2013 (dollars in thousands): | |||||
Year ending December 31, | |||||
2014 | $ | 401 | |||
2015 | 303 | ||||
2016 | 226 | ||||
2017 | 151 | ||||
2018 | 126 | ||||
2019 | 73 | ||||
Total rental expense under all operating leases was $0.3 million and $0.7 million in 2013 and 2012, respectively. |
Guarantees_Commitments_and_Con
Guarantees, Commitments and Contingencies | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||||
Guarantees, Commitments and Contingencies | ' | ||||||||
18 | 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 years ended December 31, 2013 and 2012, there were no credit losses associated with derivative contracts. | |||||||||
In the normal course of business, there are 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 financial statements. A summary of these commitments and contingent liabilities is presented below: | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
(Dollars in Thousands) | |||||||||
Standby Letters of Credit | $ | 931 | $ | 1,092 | |||||
Commitments to Extend Credit | $ | 28,875 | $ | 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, which represent the Bank’s total credit risk, are listed in the table above. | |||||||||
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. As of December 31, 2013, there was $3.0 million in outstanding commitments to purchase securities for delayed delivery and no outstanding commitments to sell securities for delayed delivery. As of 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. Because Graves Automotive had been unable to produce any documents supporting these remaining claims, on September 30, 2013, the court entered an order requiring Graves Automotive to produce a number of categories of specific documents evidencing the unreimbursed work it had allegedly performed for ALC. After the deadline to produce the documents had passed, ALC filed a Motion to Dismiss for failure to comply with the discovery order or, in the alternative, Motion for Summary Judgment based upon Graves Automotive’s inability to produce evidence supporting its claims. In response, Graves recently submitted an affidavit and produced a number of documents purportedly supporting its claims and damages. ALC is currently in the process of supplementing its Motion to Dismiss, or in the Alternative, Motion for Summary Judgment to address Graves Automotive’s recent production. This motion is set for hearing on May 20, 2014. 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. ALC continues to deny the allegations against it in the lawsuit with respect to the remaining claims and intends to vigorously defend itself in this matter. Given the lack of discovery conducted, it is too early to assess the likelihood of a resolution of the remaining claims in this matter or the possibility of an unfavorable outcome. | |||||||||
On December 2, 2013, Wayne Allen Russell filed a lawsuit against the Bank in the Circuit Court of Tuscaloosa County, alleging that the Bank wrongfully foreclosed on a parcel of property owned by Russell that was subject to a mortgage in favor of the Bank. Mr. Russell alleges that the loan secured by the mortgage had been satisfied in full from the proceeds of a prior foreclosure of additional properties subject to the same mortgage. Mr. Russell seeks an unspecified amount of damages. The Bank denies Mr. Russell’s allegations and will vigorously defend the lawsuit. However, given the lack of discovery conducted, it is too early to assess the likelihood of a resolution of this matter or the possibility of an unfavorable outcome. | |||||||||
The Company is also party 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. |
Fair_Value_Measurements
Fair Value Measurements | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||||||
19 | FAIR VALUE MEASUREMENTS | ||||||||||||||||||||
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 years ended December 31, 2013 or 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 December 31, 2013 and 2012. | |||||||||||||||||||||
Fair Value Measurements as of December 31, 2013 Using | |||||||||||||||||||||
Totals | Quoted | Significant | Significant | ||||||||||||||||||
At | Prices in | Other | Unobservable | ||||||||||||||||||
December 31, | Active | Observable | Inputs | ||||||||||||||||||
2013 | Markets For | Inputs | (Level 3) | ||||||||||||||||||
Identical | (Level 2) | ||||||||||||||||||||
Assets | |||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||||||
Residential | $ | 83,434 | $ | — | $ | 83,434 | $ | — | |||||||||||||
Commercial | 30,465 | — | 30,465 | — | |||||||||||||||||
Obligations of states and political subdivisions | 17,027 | — | 17,027 | — | |||||||||||||||||
U.S. treasury securities | 3,827 | — | 3,827 | — | |||||||||||||||||
Obligations of U.S. government sponsored agencies | 1,001 | — | 1,001 | — | |||||||||||||||||
Fair Value Measurements as of 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) | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||||||
Residential | $ | 49,264 | $ | — | $ | 49,264 | $ | — | |||||||||||||
Commercial | 28,289 | — | 28,289 | — | |||||||||||||||||
Obligations of states 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. 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 uncollectability of a loan is confirmed. Loans, net of specific allowances, subject to this evaluation amounted to $11.4 million and $15.0 million as of December 31, 2013 and 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. | |||||||||||||||||||||
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 $0.5 million and $2.1 million (utilizing Level 3 valuation inputs) as of December 31, 2013 and 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 $0.5 million and $0.4 million as of December 31, 2013 and 2012, respectively. Foreclosed assets totaling $5.3 million and $9.3 million (utilizing Level 3 valuation inputs) were remeasured at fair value as of December 31, 2013 and 2012, respectively, resulting in impairment loss of $1.3 million and $3.6 million on other real estate owned as of December 31, 2013 and 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 December 31, 2013 and 2012. | |||||||||||||||||||||
Fair Value Measurements as of December 31, 2013 Using | |||||||||||||||||||||
Totals | Quoted | Significant | Significant | ||||||||||||||||||
At | Prices in | Other | Unobservable | ||||||||||||||||||
December 31, | Active | Observable | Inputs | ||||||||||||||||||
2013 | Markets For | Inputs | (Level 3) | ||||||||||||||||||
Identical | (Level 2) | ||||||||||||||||||||
Assets | |||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Impaired loans | $ | 11,358 | $ | — | $ | — | $ | 11,358 | |||||||||||||
Foreclosed property and other real estate | 5,832 | — | — | 5,832 | |||||||||||||||||
Fair Value Measurements as of 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) | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
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 December 31, 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 as of December 31, 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 | ||||||||||||||||||
December 31, | Range | ||||||||||||||||||||
2013 | of Unobservable | ||||||||||||||||||||
Inputs (Weighted- | |||||||||||||||||||||
Average) | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Non-recurring fair value measurements: | |||||||||||||||||||||
Impaired loans | $11,358 | Multiple data points, including discount to appraised value of collateral based on recent market activity | Appraisal compatibility adjustment (discount) | 9%—30% | |||||||||||||||||
-11.60% | |||||||||||||||||||||
Foreclosed property and other real estate | $5,832 | Discount to appraised value of property based on recent market activity for sales of similar properties | Appraisal compatibility adjustment (discount) | 9%—10% | |||||||||||||||||
-9.30% | |||||||||||||||||||||
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 Topic 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 debt: 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 December 31, 2013 and 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 as of December 31, 2013 and 2012, are as follows: | |||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
Carrying | Estimated | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Amount | Fair Value | ||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 47,720 | $ | 47,720 | $ | 47,720 | $ | — | $ | — | |||||||||||
Investment securities available-for-sale | 135,754 | 135,754 | — | 135,754 | — | ||||||||||||||||
Investment securities held-to-maturity | 35,050 | 33,365 | — | 33,365 | — | ||||||||||||||||
Federal Home Loan Bank stock | 906 | 906 | — | 906 | — | ||||||||||||||||
Loans, net of allowance for loan losses | 300,927 | 303,291 | — | — | 303,291 | ||||||||||||||||
Liabilities: | |||||||||||||||||||||
Deposits | 484,279 | 484,957 | — | 484,957 | — | ||||||||||||||||
Short-term borrowings | 1,231 | 1,231 | — | 1,231 | — | ||||||||||||||||
Long-term debt | 5,000 | 5,011 | — | 5,011 | — | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Carrying | Estimated | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Amount | Fair Value | ||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
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 | — | ||||||||||||||||
United_Security_Bancshares_Inc
United Security Bancshares, Inc. (Parent Company Only) Financial Information | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | ' | ||||||||
United Security Bancshares, Inc. (Parent Company Only) Financial Information | ' | ||||||||
20 | UNITED SECURITY BANCSHARES, INC. (PARENT COMPANY ONLY) FINANCIAL INFORMATION | ||||||||
Statements of Condition | |||||||||
Year-Ended December 31, | |||||||||
2013 | 2012 | ||||||||
(Dollars in Thousands) | |||||||||
ASSETS: | |||||||||
Cash on deposit | $ | 73 | $ | 83 | |||||
Investment in subsidiaries | 70,557 | 69,113 | |||||||
TOTAL ASSETS | $ | 70,630 | $ | 69,196 | |||||
LIABILITIES: | |||||||||
Other liabilities | $ | 535 | $ | 549 | |||||
SHAREHOLDERS’ EQUITY | 70,095 | 68,647 | |||||||
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 70,630 | $ | 69,196 | |||||
Statements of Income | |||||||||
Year-Ended December 31, | |||||||||
2013 | 2012 | ||||||||
(Dollars in Thousands) | |||||||||
INCOME: | |||||||||
Dividend income, First United Security Bank | $ | 200 | $ | — | |||||
Other Income | 6 | — | |||||||
Total income | $ | 206 | $ | — | |||||
EXPENSE: | 334 | 383 | |||||||
LOSS BEFORE EQUITY IN UNDISTRIBUTED INCOME OF SUBSIDIARIES | (128 | ) | (383 | ) | |||||
EQUITY IN UNDISTRIBUTED INCOME OF SUBSIDIARIES | 4,055 | 2,578 | |||||||
NET INCOME | $ | 3,927 | $ | 2,195 | |||||
Statements of Cash Flows | |||||||||
Year-Ended December 31, | |||||||||
2013 | 2012 | ||||||||
(Dollars in Thousands) | |||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||
Net income | $ | 3,927 | $ | 2,195 | |||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Distributions in excess of undistributed income (loss) of subsidiaries | (4,055 | ) | (2,578 | ) | |||||
Decrease in other assets | 131 | 110 | |||||||
(Increase) decrease in other liabilities | (13 | ) | 65 | ||||||
DECREASE IN CASH | (10 | ) | (208 | ) | |||||
CASH AT BEGINNING OF YEAR | 83 | 291 | |||||||
CASH AT END OF YEAR | $ | 73 | $ | 83 | |||||
Quarterly_Data_Unaudited
Quarterly Data (Unaudited) | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||||||
Quarterly Data (Unaudited) | ' | ||||||||||||||||||||||||||||||||
21 | QUARTERLY DATA (UNAUDITED) | ||||||||||||||||||||||||||||||||
Year-Ended December 31, | |||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Fourth | Third | Second | First | Fourth | Third | Second | First | ||||||||||||||||||||||||||
Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | ||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
Interest income | $ | 8,340 | $ | 8,270 | $ | 8,432 | $ | 8,594 | $ | 9,667 | $ | 9,328 | $ | 9,748 | $ | 10,010 | |||||||||||||||||
Interest expense | 677 | 702 | 737 | 789 | 888 | 1,031 | 1,177 | 1,460 | |||||||||||||||||||||||||
Net interest income | 7,663 | 7,568 | 7,695 | 7,805 | 8,779 | 8,297 | 8,571 | 8,550 | |||||||||||||||||||||||||
Provision for loan losses | (1,441 | ) | 240 | 53 | 506 | 1,163 | 492 | 468 | 2,215 | ||||||||||||||||||||||||
Net interest income, after provision for loan losses | 9,104 | 7,328 | 7,642 | 7,299 | 7,616 | 7,805 | 8,103 | 6,335 | |||||||||||||||||||||||||
Non-interest: | |||||||||||||||||||||||||||||||||
Income | 723 | 1,291 | 1,228 | 1,623 | 1,507 | 1,453 | 1,331 | 1,274 | |||||||||||||||||||||||||
Expense | 8,569 | 7,365 | 7,176 | 7,692 | 7,652 | 7,562 | 7,442 | 9,828 | |||||||||||||||||||||||||
Income (loss) before income taxes | 1,258 | 1,254 | 1,694 | 1,230 | 1,471 | 1,696 | 1,992 | (2,219 | ) | ||||||||||||||||||||||||
(Benefits from) provision for income taxes | 303 | 350 | 512 | 344 | 588 | 517 | 622 | (982 | ) | ||||||||||||||||||||||||
Net income (loss) after taxes | $ | 955 | $ | 904 | $ | 1,182 | $ | 886 | $ | 883 | $ | 1,179 | $ | 1,370 | $ | (1,237 | ) | ||||||||||||||||
Earnings (losses) per common share: | |||||||||||||||||||||||||||||||||
Basic and diluted earnings (losses) | $ | 0.16 | $ | 0.15 | $ | 0.2 | $ | 0.15 | $ | 0.15 | $ | 0.2 | $ | 0.23 | $ | (0.21 | ) |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||||||
Principles of Consolidation | ' | ||||||||||||||||||||
Principles of Consolidation | |||||||||||||||||||||
The consolidated financial statements include the accounts of USBI, the Bank and its wholly-owned subsidiaries (collectively, the “Company”), and one variable interest entity (“VIE”). All significant intercompany balances and transactions have been eliminated. The Company consolidates an entity if the Company has a controlling financial interest in the entity. VIEs are consolidated if the Company has the power to direct the significant economic activities of the VIE that impact financial performance and has the obligation to absorb losses or the right to receive benefits that could potentially be significant (i.e., the Company is the primary beneficiary). The assessment of whether or not the Company is the primary beneficiary of a VIE is performed on an ongoing basis. Unconsolidated investments held by the Company are accounted for using the cost method. See Note 7, “Investment in Limited Partnerships,” for further discussion of the consolidated VIE and unconsolidated cost method investments. | |||||||||||||||||||||
Use of Estimates | ' | ||||||||||||||||||||
Use of Estimates | |||||||||||||||||||||
The accounting principles and reporting policies of the Company, and the methods of applying these principles, conform with U.S. GAAP and with general practices within the financial services industry. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated statements of condition and revenues and expenses for the period included in the consolidated statements of operations and of cash flows. Actual results could differ from those estimates. | |||||||||||||||||||||
Material estimates that are particularly susceptible to significant changes in the near-term relate to the accounting for the allowance for loan losses, the value of OREO and certain collateral dependent loans, and deferred tax asset valuation. In connection with the determination of the allowance for loan losses and other real estate owned, in some cases, management obtains independent appraisals for significant properties, evaluates the overall portfolio characteristics and delinquencies and monitors economic conditions. | |||||||||||||||||||||
A substantial portion of the Company’s loans are secured by real estate in its primary market area. Accordingly, the ultimate collectability of a substantial portion of the Company’s loan portfolio and the recovery of a portion of the carrying amount of foreclosed real estate are susceptible to changes in economic conditions in the Company’s primary market. | |||||||||||||||||||||
Cash and Cash Equivalents | ' | ||||||||||||||||||||
Cash and Cash Equivalents | |||||||||||||||||||||
For purposes of reporting cash flows, cash and cash equivalents include cash on hand, instruments with an original maturity of less than 90 days from issuance and amounts due from banks. | |||||||||||||||||||||
Supplemental disclosures of cash flow information and non-cash transactions related to cash flows for the years ended December 31, 2013 and 2012 are as follows: | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Cash paid during the period for: | |||||||||||||||||||||
Interest | $ | 3,052 | $ | 4,933 | |||||||||||||||||
Income taxes | 2,386 | 97 | |||||||||||||||||||
Non-Cash Transactions: | |||||||||||||||||||||
Other Real Estate Acquired in Settlement of Loans | 2,396 | 7,368 | |||||||||||||||||||
Issuance of Treasury Stock as Compensation | 131 | 85 | |||||||||||||||||||
Stock Award Under Employment Contract | — | 26 | |||||||||||||||||||
Revenue Recognition | ' | ||||||||||||||||||||
Revenue Recognition | |||||||||||||||||||||
The main source of revenue for the Company is interest revenue, which is recognized on an accrual basis calculated by non-discretionary formulas based on written contracts, such as loan agreements or securities contracts. Loan origination fees are amortized into interest income over the term of the loan. Other types of non-interest revenue, such as service charges on deposits, are accrued and recognized into income as services are provided and the amount of fees earned is reasonably determinable. | |||||||||||||||||||||
Reinsurance Activities | ' | ||||||||||||||||||||
Reinsurance Activities | |||||||||||||||||||||
The Company assumes insurance risk related to credit life and credit accident and health insurance written by a non-affiliated insurance company for its customers that choose such coverage through a quota share reinsurance agreement. Assumed premiums on credit life are deferred and earned over the period of insurance coverage using a pro rata method or the effective yield method, depending on whether the amount of insurance coverage generally remains level or declines. Assumed premiums for accident and health policies are earned on an average of the pro rata and the effective yield method. | |||||||||||||||||||||
Other liabilities include reserves for incurred but unpaid credit insurance claims for policies assumed under the quota share reinsurance agreement. These insurance liabilities are established based on acceptable actuarial methods. Such liabilities are necessarily based on estimates, and, while management believes that the amount is adequate, the ultimate liability may be in excess of or less than the amounts provided. The methods for making such estimates and for establishing the resulting liabilities are continually reviewed, and any adjustments are reflected in earnings currently. | |||||||||||||||||||||
Investment Securities | ' | ||||||||||||||||||||
Investment Securities | |||||||||||||||||||||
Securities may be held in three portfolios: trading account securities, held-to-maturity securities and securities available-for-sale. Trading account securities are carried at estimated fair value, with unrealized gains and losses included in operations. The Company held no securities in a trading account as of December 31, 2013 or 2012. Investment securities held-to-maturity are carried at cost, adjusted for amortization of premiums and accretion of discounts. With regard to investment securities held-to-maturity, management has the intent and the Bank has the ability to hold such securities until maturity. Investment securities available-for-sale are carried at fair value, with any unrealized gains or losses excluded from operations and reflected, net of tax, as a separate component of shareholders’ equity in accumulated other comprehensive income or loss. Investment securities available-for-sale are so classified because management may decide to sell certain securities prior to maturity for liquidity, tax planning or other valid business purposes. When the fair value of a security falls below carrying value, an evaluation must be made to determine if the unrealized loss is a temporary or other-than-temporary impairment. Impaired securities that are not deemed to be temporarily impaired are written down by a charge to operations to the extent that the impairment is related to credit losses. The amount of impairment related to other factors is recognized in other comprehensive income or loss. The Company uses a systematic methodology to evaluate potential impairment of its investments that considers, among other things, the magnitude and duration of the decline in fair value, the financial health of and business outlook of the issuer and the Company’s ability and intent to hold the investment until such time as the security recovers its fair value. | |||||||||||||||||||||
Interest earned on investment securities available-for-sale is included in interest income. Amortization of premiums and discounts on investment securities is determined by the interest method and included in interest income. Gains and losses on the sale of investment securities available-for-sale, computed principally on the specific identification method, are shown separately in non-interest income. | |||||||||||||||||||||
Derivatives and Hedging Activities | ' | ||||||||||||||||||||
Derivatives and Hedging Activities | |||||||||||||||||||||
As part of the Company’s overall interest rate risk management, the Company has used derivative instruments, which can include interest rate swaps, caps and floors. Accounting Standards Codification (“ASC”) Topic 815, Derivatives and Hedging, requires all derivative instruments to be carried at fair value on the consolidated statements of condition. ASC Topic 815 provides special accounting provisions for derivative instruments that qualify for hedge accounting. To be eligible, the Company must specifically identify a derivative as a hedging instrument and identify the risk being hedged. The derivative instrument must be shown to meet specific requirements under ASC Topic 815. | |||||||||||||||||||||
The Company held no derivative instruments as of December 31, 2013 or 2012. | |||||||||||||||||||||
Loans and Interest Income | ' | ||||||||||||||||||||
Loans and Interest Income | |||||||||||||||||||||
Loans are reported at principal amounts outstanding, adjusted for unearned income, net deferred loan origination fees and costs, purchase premiums and discounts, write-downs and the allowance for loan losses. Loan origination fees, net of certain deferred origination costs, and purchase premiums and discounts are recognized as an adjustment to yield of the related loans, on an effective yield basis. | |||||||||||||||||||||
Interest on all loans is accrued and credited to income based on the principal amount outstanding. | |||||||||||||||||||||
The accrual of interest on loans is discontinued when, in the opinion of management, there is an indication that the borrower may be unable to meet payments as they become due. Upon such discontinuance, all unpaid accrued interest is reversed against current income unless the collateral for the loan is sufficient to cover the accrued interest. Interest received on non-accrual loans generally is either applied against principal or reported as interest income, according to management’s judgment as to the collectability of principal. The policy for interest recognition on impaired loans is consistent with the non-accrual interest recognition policy. Generally, loans are restored to accrual status when the obligation is brought current and has performed in accordance with the contractual terms for a reasonable period of time and the ultimate collectability of the total contractual principal and interest is no longer in doubt. | |||||||||||||||||||||
Allowance for Loan Losses | ' | ||||||||||||||||||||
Allowance for Loan Losses | |||||||||||||||||||||
The allowance for loan losses is determined based on various components for individually impaired loans and for homogeneous pools of loans. The allowance for loan losses is increased by a provision for loan losses, which is charged to expense and reduced by charge-offs, net of recoveries by portfolio segment. The methodology for determining charge-offs is consistently applied to each segment. The allowance for loan losses is maintained at a level that, in management’s judgment, is adequate to absorb credit losses inherent in the loan portfolio. The amount of the allowance is based on management’s evaluation of the collectability of the loan portfolio, including the nature of the portfolio, and changes in its risk profile, credit concentrations, historical trends and economic conditions. This evaluation also considers the balance of impaired loans. Losses on individually identified impaired loans are measured based on the present value of expected future cash flows discounted at each loan’s original effective market interest rate. As a practical expedient, impairment may be measured based on the loan’s observable market price or the fair value of the collateral if the loan is collateral dependent. When the measure of the impaired loan is less than the recorded investment in the loan, the impairment is recorded through the provision added to the allowance for loan losses. One-to-four family residential mortgages and consumer installment loans are subjected to a collective evaluation for impairment, considering delinquency and repossession statistics, loss experience and other factors. Though management believes the allowance for loan losses to be adequate, ultimate losses may vary from their estimates. However, estimates are reviewed periodically, and, as adjustments become necessary, they are reported in earnings during periods in which they become known. | |||||||||||||||||||||
Premises and Equipment | ' | ||||||||||||||||||||
Premises and Equipment | |||||||||||||||||||||
Premises and equipment are carried at cost less accumulated depreciation and amortization computed principally by the straight-line method over the estimated useful lives of the assets or the expected lease terms for leasehold improvements, whichever is shorter. Useful lives for all premises and equipment range between three and thirty years. | |||||||||||||||||||||
Other Real Estate | ' | ||||||||||||||||||||
Other Real Estate | |||||||||||||||||||||
Other real estate consists of properties acquired through a foreclosure proceeding or acceptance of a deed in lieu of foreclosure. These properties are carried at the lower of cost or fair value based on appraised value, less estimated selling costs. Losses arising from the acquisition of properties are charged against the allowance for loan losses. Other real estate aggregated amounted to $9.3 million and $13.3 million as of December 31, 2013 and 2012, respectively. Transfers from loans to other real estate amounted to $2.4 million in 2013 and $7.4 million in 2012. There were no transfers from other real estate to loans in 2013. Transfers from other real estate to loans amounted to $0.3 million in 2012. Other real estate disposed of amounted to $4.9 million and $7.3 million in 2013 and 2012, respectively. | |||||||||||||||||||||
Income Taxes | ' | ||||||||||||||||||||
Income Taxes | |||||||||||||||||||||
The Company accounts for income taxes on the accrual basis through the use of the asset and liability method. Under the asset and liability method, deferred taxes are recognized for the tax consequences of temporary differences by applying enacted statutory tax rates applicable to future years to differences between the consolidated financial statement carrying amounts and the basis of existing assets and liabilities. The effect on deferred taxes of a change in tax rates would be recognized in income in the period that includes the enactment date. | |||||||||||||||||||||
In accordance with ASC Topic 740, Income Taxes, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. | |||||||||||||||||||||
Treasury Stock | ' | ||||||||||||||||||||
Treasury Stock | |||||||||||||||||||||
Treasury stock purchases and sales are accounted for using the cost method. | |||||||||||||||||||||
Advertising Costs | ' | ||||||||||||||||||||
Advertising Costs | |||||||||||||||||||||
Advertising costs for promoting the Company are minimal and expensed as incurred. | |||||||||||||||||||||
Reclassification | ' | ||||||||||||||||||||
Reclassification | |||||||||||||||||||||
Certain amounts in the 2012 consolidated financial statements have been reclassified to conform to the 2013 method of presentation. | |||||||||||||||||||||
Subsequent Events | ' | ||||||||||||||||||||
Subsequent Events | |||||||||||||||||||||
The Company has evaluated subsequent events through the filing date of the consolidated financial statements. No subsequent events requiring recognition or disclosure were identified, and, therefore, none were incorporated into the consolidated financial statements presented herein. | |||||||||||||||||||||
Net Income Per Share | ' | ||||||||||||||||||||
Net Income Per Share | |||||||||||||||||||||
Basic net income per share is computed by dividing net income by the weighted average shares outstanding during the period. Diluted net income per share 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 periods ended December 31, 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 share calculations for the years ended December 31, 2013 and 2012. | |||||||||||||||||||||
Net Income | Weighted | Basic and | |||||||||||||||||||
Average | Diluted Net | ||||||||||||||||||||
Shares | Income | ||||||||||||||||||||
Outstanding | Per Share | ||||||||||||||||||||
For the Years Ended: | (Dollars in Thousands, Except Share | ||||||||||||||||||||
Amounts) | |||||||||||||||||||||
December 31, 2013 | $ | 3,927 | 6,025,724 | $ | 0.65 | ||||||||||||||||
December 31, 2012 | $ | 2,195 | 6,022,892 | $ | 0.36 | ||||||||||||||||
Accounting Policies Recently Adopted and Pending Accounting Pronouncements | ' | ||||||||||||||||||||
Accounting Policies Recently Adopted and Pending Accounting Pronouncements | |||||||||||||||||||||
In January 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force). ASU 2014-04 clarifies when an “in substance repossession or foreclosure” occurs, that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, such that all or a portion of the loan should be derecognized and the real estate property recognized. ASU 2014-04 states that a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure, or the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The amendments of ASU 2014-04 also require interim and annual disclosure of both the amount of foreclosed residential real estate property held by the creditor and the recorded investment in consumer mortgage loans collateralized by residential real estate properties that are in the process of foreclosure. The amendments of ASU 2014-04 are effective for interim and annual periods beginning after December 15, 2014, and may be applied using either a modified retrospective transition method or a prospective transition method as described in ASU 2014-04. The adoption of ASU 2014-04 is not expected to have a significant impact on the Company’s consolidated financial position, results of operations or cash flows. | |||||||||||||||||||||
In January 2014, the FASB issued ASU 2014-01, Investments – Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects (a consensus of the FASB Emerging Issues Task Force). ASU 2014-01 permits reporting entities that invest in qualified affordable housing projects to elect to account for those investments using the “proportional amortization method” if certain conditions are met. Under this method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). The decision to apply the proportional amortization method of accounting is an accounting policy decision and should be applied consistently to all qualifying affordable housing project investments. ASU 2014-01 should be applied retrospectively to all periods presented and is effective for annual and interim reporting periods beginning after December 15, 2014. The Company does not have a significant amount of investments in qualified affordable housing projects that qualify for the low income housing tax credit. Such investments are currently either consolidated in the Company’s financial statements or accounted for as cost method investments. The adoption of ASU 2014-01 is not expected to have a significant impact on the Company’s consolidated financial position, results of operations or cash flows. | |||||||||||||||||||||
In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (a consensus of the FASB Emerging Issues Task Force). ASU 2013-11 provides that an entity’s unrecognized tax benefit, or a portion of its unrecognized tax benefit, should be presented in its financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, with one exception. The exception states that to the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position, or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. ASU 2013-11 applies prospectively for all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or tax credit carryforward exists at the reporting date. ASU 2013-11 is effective for fiscal years, and interim periods within those years beginning after December 15, 2013. The adoption of ASU 2013-11 is not expected to have a significant impact on the Company’s consolidated financial position, results of operations or cash flows. | |||||||||||||||||||||
In February 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. ASU 2013-02 requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on net income line items only for those items that are reported in their entirety in net income in the period of reclassification. For these items, entities are required to disclose the effect of the reclassification on each line item of net income that is affected by the reclassification adjustment. For items that are not reclassified in their entirety into net income, an entity is required to add a cross-reference to the note that includes additional information about the effect of the reclassification. For entities that only have reclassifications into net income in their entirety, this information may be presented either in the notes or parenthetically on the face of the statement that reports net income as long as the required information is reported in a single location. Entities that have one or more reclassification items that are not presented in their entirety in net income in the period of reclassification must present this information in the notes to the financial statements. ASU 2013-02 became effective for the Company’s financial statements on January 1, 2013, and the adoption did not have a significant impact on the Company’s consolidated financial position, results of operations or cash flows. | |||||||||||||||||||||
Consolidation | ' | ||||||||||||||||||||
The Company has determined that these structures require evaluation as a VIE under ASC Topic 810, Consolidation. The Company consolidates one of the funds in which it has a 99.9% limited partnership interest. Assets recorded by the Company as a result of the consolidation totaled approximately $53,000 and $70,000 as of December 31, 2013 and 2012, respectively. | |||||||||||||||||||||
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. | |||||||||||||||||||||
Segment Reporting | ' | ||||||||||||||||||||
Under ASC Topic 280, Segment Reporting, certain information is disclosed for the two reportable operating segments of the Company: FUSB, ALC and all other (primarily FUSB Reinsurance). The reportable segments were determined using the internal management reporting system. These segments are composed of the Company’s and the Bank’s significant subsidiaries. The accounting policies for each segment are the same as those described in Note 2, “Summary of Significant Accounting Policies.” 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: | |||||||||||||||||||||
2013 | |||||||||||||||||||||
FUSB | ALC | All | Eliminations | Consolidated | |||||||||||||||||
Other | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Total interest income | $ | 19,833 | $ | 17,026 | $ | 10 | $ | (3,233 | ) | $ | 33,636 | ||||||||||
Total interest expense | 2,915 | 3,223 | — | (3,233 | ) | 2,905 | |||||||||||||||
Net interest income | 16,918 | 13,803 | 10 | — | 30,731 | ||||||||||||||||
Provision (reduction in reserve) for loan losses | (2,862 | ) | 2,220 | — | — | (642 | ) | ||||||||||||||
Net interest income after provision (reduction in reserve) | 19,780 | 11,583 | 10 | — | 31,373 | ||||||||||||||||
Total non-interest income | 3,553 | 1,387 | 812 | (887 | ) | 4,865 | |||||||||||||||
Total non-interest expense | 20,464 | 10,303 | 922 | (887 | ) | 30,802 | |||||||||||||||
Income (loss) before income taxes | 2,869 | 2,667 | (100 | ) | — | 5,436 | |||||||||||||||
Provision for income taxes | 493 | 1,012 | 4 | — | 1,509 | ||||||||||||||||
Net income (loss) | $ | 2,376 | $ | 1,655 | (104 | ) | — | 3,927 | |||||||||||||
Other significant items: | |||||||||||||||||||||
Total assets | $ | 559,159 | $ | 71,572 | $ | 76,236 | $ | (137,166 | ) | $ | 569,801 | ||||||||||
Total investment securities | 170,724 | — | 80 | — | 170,804 | ||||||||||||||||
Total loans, net | 293,069 | 67,474 | — | (59,616 | ) | 300,927 | |||||||||||||||
Investment in subsidiaries | 784 | — | 71,096 | (71,875 | ) | 5 | |||||||||||||||
Fixed asset additions | 323 | 58 | — | — | 381 | ||||||||||||||||
Depreciation and amortization expense | 539 | 178 | — | — | 717 | ||||||||||||||||
Total interest income from external customers | 16,610 | 17,026 | — | — | 33,636 | ||||||||||||||||
Total interest income from affiliates | 3,223 | — | 10 | (3,233 | ) | — | |||||||||||||||
2012 | |||||||||||||||||||||
FUSB | ALC | All | Eliminations | Consolidated | |||||||||||||||||
Other | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Total interest income | $ | 24,109 | $ | 18,503 | $ | 19 | $ | (3,878 | ) | $ | 38,753 | ||||||||||
Total interest expense | 4,575 | 3,859 | — | (3,878 | ) | 4,556 | |||||||||||||||
Net interest income | 19,534 | 14,644 | 19 | — | 34,197 | ||||||||||||||||
Provision for loan losses | 1,294 | 3,044 | — | — | 4,338 | ||||||||||||||||
Net interest income after provision | 18,240 | 11,600 | 19 | — | 29,859 | ||||||||||||||||
Total non-interest income | 3,967 | 1,414 | 956 | (772 | ) | 5,565 | |||||||||||||||
Total non-interest expense | 21,368 | 10,734 | 1,154 | (772 | ) | 32,484 | |||||||||||||||
Income (loss) before income taxes | 839 | 2,280 | (179 | ) | — | 2,940 | |||||||||||||||
(Benefit from) provision for income taxes | (145 | ) | 884 | 6 | — | 745 | |||||||||||||||
Net income (loss) | $ | 984 | $ | 1,396 | $ | (185 | ) | — | $ | 2,195 | |||||||||||
Other significant items: | |||||||||||||||||||||
Total assets | $ | 557,374 | $ | 79,090 | $ | 74,958 | $ | (144,289 | ) | $ | 567,133 | ||||||||||
Total investment securities | 113,670 | — | 80 | — | 113,750 | ||||||||||||||||
Total loans, net | 329,425 | 71,609 | — | (63,634 | ) | 337,400 | |||||||||||||||
Investment in subsidiaries | 784 | — | 69,757 | (70,536 | ) | 5 | |||||||||||||||
Fixed asset additions | 314 | 258 | — | — | 572 | ||||||||||||||||
Depreciation and amortization expense | 562 | 153 | — | — | 715 | ||||||||||||||||
Total interest income from external customers | 20,250 | 18,503 | — | — | 38,753 | ||||||||||||||||
Total interest income from affiliates | 3,858 | — | 19 | (3,877 | ) | — | |||||||||||||||
Fair Value Measurement and Disclosures | ' | ||||||||||||||||||||
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. | ||||||||||||||||||||
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. 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 uncollectability of a loan is confirmed. Loans, net of specific allowances, subject to this evaluation amounted to $11.4 million and $15.0 million as of December 31, 2013 and 2012, respectively. This valuation would be considered Level 3, consisting of appraisals of underlying collateral and discounted cash flow analysis. |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||
Disclosures of Cash Flow Information and Non-Cash Transactions | ' | ||||||||||||
Supplemental disclosures of cash flow information and non-cash transactions related to cash flows for the years ended December 31, 2013 and 2012 are as follows: | |||||||||||||
2013 | 2012 | ||||||||||||
(Dollars in Thousands) | |||||||||||||
Cash Paid (Refunded) During the Period for: | |||||||||||||
Interest | $ | 3,052 | $ | 4,933 | |||||||||
Income Taxes | (2,252 | ) | 97 | ||||||||||
Non-Cash Transactions: | |||||||||||||
Other Real Estate Acquired in Settlement of Loans | 2,396 | 7,368 | |||||||||||
Issuance of Treasury Stock as Compensation | 131 | 85 | |||||||||||
Stock Award Under Employment Contract | — | 26 | |||||||||||
Basic and Diluted Net Income Share Calculations | ' | ||||||||||||
The following table represents the basic and diluted net income share calculations for the years ended December 31, 2013 and 2012. | |||||||||||||
Net Income | Weighted | Basic and | |||||||||||
Average | Diluted Net | ||||||||||||
Shares | Income | ||||||||||||
Outstanding | Per Share | ||||||||||||
For the Years Ended: | (Dollars in Thousands, Except Share | ||||||||||||
Amounts) | |||||||||||||
December 31, 2013 | $ | 3,927 | 6,025,724 | $ | 0.65 | ||||||||
December 31, 2012 | $ | 2,195 | 6,022,892 | $ | 0.36 | ||||||||
Investment_Securities_Tables
Investment Securities (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 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 as of December 31, 2013 and 2012 are as follows: | |||||||||||||||||
Available-for-Sale | |||||||||||||||||
December 31, 2013 | |||||||||||||||||
Amortized Cost | Gross | Gross | Estimated Fair | ||||||||||||||
Unrealized | Unrealized | Value | |||||||||||||||
Gains | Losses | ||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||
Residential | $ | 82,840 | $ | 1,479 | $ | (885 | ) | $ | 83,434 | ||||||||
Commercial | 30,677 | 143 | (355 | ) | 30,465 | ||||||||||||
Obligations of states and political subdivisions | 16,230 | 799 | (2 | ) | 17,027 | ||||||||||||
Obligations of U.S. government sponsored agencies | 1,000 | 1 | — | 1,001 | |||||||||||||
U.S. treasury securities | 4,161 | — | (334 | ) | 3,827 | ||||||||||||
Total | $ | 134,908 | $ | 2,422 | $ | (1,576 | ) | $ | 135,754 | ||||||||
Held-to-Maturity | |||||||||||||||||
December 31, 2013 | |||||||||||||||||
Amortized Cost | Gross | Gross | Estimated Fair | ||||||||||||||
Unrealized | Unrealized | Value | |||||||||||||||
Gains | Losses | ||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
Obligations of U.S. government sponsored agencies | $ | 35,050 | $ | — | $ | (1,684 | ) | $ | 33,365 | ||||||||
Available-for-Sale | |||||||||||||||||
December 31, 2012 | |||||||||||||||||
Amortized Cost | Gross | Gross | Estimated Fair | ||||||||||||||
Unrealized | Unrealized | Value | |||||||||||||||
Gains | Losses | ||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||
Residential | $ | 46,260 | $ | 3,004 | $ | — | $ | 49,264 | |||||||||
Commercial | 27,857 | 464 | (32 | ) | 28,289 | ||||||||||||
Obligations of states 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 Cost | Gross | Gross | Estimated Fair | ||||||||||||||
Unrealized | Unrealized | Value | |||||||||||||||
Gains | Losses | ||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
Obligations of U.S. government sponsored 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 as of December 31, 2013 are presented in the following table: | |||||||||||||||||
Available-for-Sale | Held-to-Maturity | ||||||||||||||||
Amortized Cost | Estimated Fair | Amortized | Estimated | ||||||||||||||
Value | Cost | Fair Value | |||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
Maturing within one year | $ | 280 | $ | 281 | $ | — | $ | — | |||||||||
Maturing after one to five years | 11,796 | 12,306 | — | — | |||||||||||||
Maturing after five to ten years | 63,180 | 62,974 | 15,197 | 14,821 | |||||||||||||
Maturing after ten years | 59,652 | 60,193 | 19,853 | 18,544 | |||||||||||||
Total | $ | 134,908 | $ | 135,754 | $ | 35,050 | $ | 33,365 | |||||||||
Investments' Gross Unrealized Losses and Fair Value | ' | ||||||||||||||||
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, as of December 31, 2013 and 2012. | |||||||||||||||||
Available-for-Sale | |||||||||||||||||
December 31, 2013 | |||||||||||||||||
Less than 12 Months | 12 Months or More | ||||||||||||||||
Fair Value | Unrealized | Fair Value | Unrealized | ||||||||||||||
Losses | Losses | ||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||
Residential | $ | 43,091 | $ | (885 | ) | $ | — | $ | — | ||||||||
Commercial | 21,231 | (337 | ) | 271 | (18 | ) | |||||||||||
Obligations of states and political subdivisions | 1,050 | (2 | ) | — | — | ||||||||||||
U.S. treasury securities | 3,748 | (334 | ) | — | — | ||||||||||||
Total | $ | 69,120 | $ | (1,558 | ) | $ | 271 | $ | (18 | ) | |||||||
Held-to-Maturity | |||||||||||||||||
December 31, 2013 | |||||||||||||||||
Less than 12 Months | 12 Months or More | ||||||||||||||||
Fair Value | Unrealized | Fair Value | Unrealized | ||||||||||||||
Losses | Losses | ||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
Obligations of U.S. government sponsored agencies | $ | 33,365 | $ | (1,684 | ) | $ | — | $ | — | ||||||||
Available-for-Sale | |||||||||||||||||
December 31, 2012 | |||||||||||||||||
Less than 12 Months | 12 Months or More | ||||||||||||||||
Fair Value | Unrealized | Fair Value | Unrealized | ||||||||||||||
Losses | Losses | ||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
U.S. treasury securities | $ | 80 | $ | — | $ | — | $ | — | |||||||||
Mortgage-backed commercial securities | 1,173 | (3 | ) | 5,617 | (29 | ) | |||||||||||
Total | $ | 1,253 | $ | (3 | ) | $ | 5,617 | $ | (29 | ) | |||||||
Held-to-Maturity | |||||||||||||||||
December 31, 2012 | |||||||||||||||||
Less than 12 Months | 12 Months or More | ||||||||||||||||
Fair Value | Unrealized | Fair Value | Unrealized | ||||||||||||||
Losses | Losses | ||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||
Obligations of U.S. government sponsored agencies | $ | 7,491 | $ | (7 | ) | $ | — | $ | — | ||||||||
Loans_and_Allowance_for_Loan_L1
Loans and Allowance for Loan Losses (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule of Loan Portfolio by Reporting Segment and Portfolio Segment | ' | ||||||||||||||||||||||||||||
As of December 31, 2013 and 2012, the composition of the loan portfolio by reporting segment and portfolio segment was as follows: | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
FUSB | ALC | Total | |||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 11,348 | $ | — | $ | 11,348 | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 34,978 | 26,621 | 61,599 | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 22,095 | — | 22,095 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 122,430 | — | 122,430 | ||||||||||||||||||||||||||
Other | 761 | — | 761 | ||||||||||||||||||||||||||
Commercial and industrial loans | 37,772 | — | 37,772 | ||||||||||||||||||||||||||
Consumer loans | 9,886 | 48,938 | 58,824 | ||||||||||||||||||||||||||
Other loans | 604 | — | 604 | ||||||||||||||||||||||||||
Total loans | 239,874 | 75,559 | 315,433 | ||||||||||||||||||||||||||
Less: Unearned interest, fees and deferred cost | 149 | 4,961 | 5,110 | ||||||||||||||||||||||||||
Allowance for loan losses | 6,272 | 3,124 | 9,396 | ||||||||||||||||||||||||||
Net loans | $ | 233,453 | $ | 67,474 | $ | 300,927 | |||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
FUSB | ALC | Total | |||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
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, fees and deferred cost | 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 December 31, 2013 and 2012: | |||||||||||||||||||||||||||||
FUSB | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 977 | $ | 14,216 | $ | 168 | $ | 338 | $ | 66 | $ | — | $ | 15,765 | |||||||||||||||
Charge-offs | 537 | 8,055 | 350 | 685 | — | — | 9,627 | ||||||||||||||||||||||
Recoveries | 141 | 2,747 | 96 | 8 | 4 | — | 2,996 | ||||||||||||||||||||||
Provision | 11 | (4,056 | ) | 266 | 974 | (57 | ) | — | (2,862 | ) | |||||||||||||||||||
Ending balance | 592 | 4,852 | 180 | 635 | 13 | — | 6,272 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 219 | 2,839 | — | 11 | — | — | 3,069 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 373 | $ | 2,013 | $ | 180 | $ | 624 | $ | 13 | $ | — | $ | 3,203 | |||||||||||||||
Loan receivables: | |||||||||||||||||||||||||||||
Ending balance | 37,772 | 156,634 | 9,886 | 34,978 | 604 | — | 239,874 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 753 | 28,813 | — | 2,985 | — | — | 32,551 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 37,019 | $ | 127,821 | $ | 9,886 | $ | 31,993 | $ | 604 | $ | — | $ | 207,323 | |||||||||||||||
ALC | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | — | $ | — | $ | 2,733 | $ | 780 | $ | — | $ | — | $ | 3,513 | |||||||||||||||
Charge-offs | — | — | 2,979 | 525 | — | — | 3,504 | ||||||||||||||||||||||
Recoveries | — | — | 874 | 21 | — | — | 895 | ||||||||||||||||||||||
Provision | — | — | 2,039 | 181 | — | — | 2,220 | ||||||||||||||||||||||
Ending balance | — | — | 2,667 | 457 | — | — | 3,124 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | — | — | — | — | — | — | — | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | — | $ | — | $ | 2,667 | $ | 457 | $ | — | $ | — | $ | 3,124 | |||||||||||||||
Loan receivables: | |||||||||||||||||||||||||||||
Ending balance | — | — | 48,938 | 26,621 | — | — | 75,559 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | — | — | — | — | — | — | — | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | — | $ | — | $ | 48,938 | $ | 26,621 | $ | — | $ | — | $ | 75,559 | |||||||||||||||
FUSB & ALC | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Beginning balance | $ | 977 | $ | 14,216 | $ | 2,901 | $ | 1,118 | $ | 66 | $ | — | $ | 19,278 | |||||||||||||||
Charge-offs | 537 | 8,055 | 3,329 | 1,210 | — | — | 13,131 | ||||||||||||||||||||||
Recoveries | 141 | 2,747 | 970 | 29 | 4 | — | 3,891 | ||||||||||||||||||||||
Provision | 11 | (4,056 | ) | 2,305 | 1,155 | (57 | ) | — | (642 | ) | |||||||||||||||||||
Ending balance | 592 | 4,852 | 2,847 | 1,092 | 13 | — | 9,396 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 219 | 2,839 | — | 11 | — | — | 3,069 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 373 | $ | 2,013 | $ | 2,847 | $ | 1,081 | $ | 13 | $ | — | $ | 6,327 | |||||||||||||||
Loan receivables: | |||||||||||||||||||||||||||||
Ending balance | 37,772 | 156,634 | 58,824 | 61,599 | 604 | — | 315,433 | ||||||||||||||||||||||
Ending balance individually evaluated for impairment | 753 | 28,813 | — | 2,985 | — | — | 32,551 | ||||||||||||||||||||||
Ending balance collectively evaluated for impairment | $ | 37,019 | $ | 127,821 | $ | 58,824 | $ | 58,614 | $ | 604 | $ | — | $ | 282,882 | |||||||||||||||
FUSB | |||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
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 and ALC | |||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Commercial | Commercial | Consumer | Residential | Other | Unallocated | Total | |||||||||||||||||||||||
Real Estate | Real Estate | ||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
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 as of December 31, 2013. | |||||||||||||||||||||||||||||
FUSB | |||||||||||||||||||||||||||||
Pass | Special | Substandard | Doubtful | Total | |||||||||||||||||||||||||
4-Jan | Mention | 6 | 7 | ||||||||||||||||||||||||||
5 | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 3,992 | $ | 793 | $ | 6,563 | $ | — | $ | 11,348 | |||||||||||||||||||
Secured by 1-4 family residential properties | 29,295 | 1,497 | 4,162 | 24 | 34,978 | ||||||||||||||||||||||||
Secured by multi-family residential properties | 14,569 | — | 7,526 | — | 22,095 | ||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 92,880 | 11,904 | 17,595 | 51 | 122,430 | ||||||||||||||||||||||||
Other | 761 | — | — | — | 761 | ||||||||||||||||||||||||
Commercial and industrial loans | 31,164 | 175 | 6,433 | — | 37,772 | ||||||||||||||||||||||||
Consumer loans | 9,133 | 105 | 648 | — | 9,886 | ||||||||||||||||||||||||
Other loans | 600 | 1 | 3 | — | 604 | ||||||||||||||||||||||||
Total | $ | 182,394 | $ | 14,475 | $ | 42,930 | $ | 75 | $ | 239,874 | |||||||||||||||||||
ALC | |||||||||||||||||||||||||||||
Performing | Nonperforming | Total | |||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Secured by 1-4 family residential properties | $ | 26,061 | $ | 560 | $ | 26,621 | |||||||||||||||||||||||
Consumer loans | 47,644 | 1,294 | 48,938 | ||||||||||||||||||||||||||
Total | $ | 73,705 | $ | 1,854 | $ | 75,559 | |||||||||||||||||||||||
The table below illustrates the carrying amount of loans by credit quality indicator as of December 31, 2012. | |||||||||||||||||||||||||||||
FUSB | |||||||||||||||||||||||||||||
Pass | Special | Substandard | Doubtful | Total | |||||||||||||||||||||||||
4-Jan | Mention | 6 | 7 | ||||||||||||||||||||||||||
5 | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
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 as of December 31, 2013. | |||||||||||||||||||||||||||||
FUSB | |||||||||||||||||||||||||||||
As of December 31, 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 | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | — | $ | 38 | $ | 2,000 | $ | 2,038 | $ | 9,310 | $ | 11,348 | $ | — | |||||||||||||||
Secured by 1-4 family residential properties | 271 | 154 | 1,801 | 2,226 | 32,752 | 34,978 | — | ||||||||||||||||||||||
Secured by multi-family residential properties | — | — | 1,286 | 1,286 | 20,809 | 22,095 | — | ||||||||||||||||||||||
Secured by non-farm, non-residential properties | 719 | 93 | 4,434 | 5,246 | 117,184 | 122,430 | — | ||||||||||||||||||||||
Other | — | — | — | — | 761 | 761 | — | ||||||||||||||||||||||
Commercial and industrial loans | 902 | — | 480 | 1,382 | 36,390 | 37,772 | — | ||||||||||||||||||||||
Consumer loans | 101 | — | 26 | 127 | 9,759 | 9,886 | — | ||||||||||||||||||||||
Other loans | 11 | — | 8 | 19 | 585 | 604 | — | ||||||||||||||||||||||
Total | $ | 2,004 | $ | 285 | $ | 10,035 | $ | 12,324 | $ | 227,550 | $ | 239,874 | $ | — | |||||||||||||||
ALC | |||||||||||||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater Than | Total Past | Current | Total | Recorded | |||||||||||||||||||||||
Past Due | Past Due | 90 Days | Due | Loans | Investment > | ||||||||||||||||||||||||
90 Days and | |||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||
Secured by 1-4 family residential properties | 403 | 143 | 507 | 1,053 | 25,568 | 26,621 | 409 | ||||||||||||||||||||||
Secured by multi-family residential properties | — | — | — | — | — | — | — | ||||||||||||||||||||||
Secured by non-farm, non-residential properties | — | — | — | — | — | — | — | ||||||||||||||||||||||
Other | — | — | — | — | — | — | — | ||||||||||||||||||||||
Commercial and industrial loans | — | — | — | — | — | — | — | ||||||||||||||||||||||
Consumer loans | 684 | 597 | 1,258 | 2,539 | 46,399 | 48,938 | 1,252 | ||||||||||||||||||||||
Other loans | — | — | — | — | — | — | — | ||||||||||||||||||||||
Total | $ | 1,087 | $ | 740 | $ | 1,765 | $ | 3,592 | $ | 71,967 | $ | 75,559 | $ | 1,661 | |||||||||||||||
The following table provides an aging analysis of past due loans by class as of December 31, 2012. | |||||||||||||||||||||||||||||
FUSB | |||||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater Than | Total Past | Current | Total Loans | Recorded | |||||||||||||||||||||||
Past Due | Past Due | 90 Days | Due | Investment > | |||||||||||||||||||||||||
90 Days and | |||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
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 | 429 | 59 | 480 | 968 | 41,935 | 42,903 | — | ||||||||||||||||||||||
Consumer loans | 407 | 89 | 66 | 562 | 13,921 | 14,483 | — | ||||||||||||||||||||||
Other loans | — | — | — | — | 1,037 | 1,037 | — | ||||||||||||||||||||||
Total | $ | 2,529 | $ | 1,878 | $ | 19,795 | $ | 24,202 | $ | 257,529 | $ | 281,731 | $ | — | |||||||||||||||
ALC | |||||||||||||||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater Than | Total Past | Current | Total Loans | Recorded | |||||||||||||||||||||||
Past Due | Past Due | 90 Days | Due | Investment > | |||||||||||||||||||||||||
90 Days and | |||||||||||||||||||||||||||||
Accruing | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
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 as of December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
Loans on Non-Accrual Status | |||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 2,337 | $ | 11,456 | |||||||||||||||||||||||||
Secured by 1-4 family residential properties | 1,952 | 2,441 | |||||||||||||||||||||||||||
Secured by multi-family residential properties | 1,286 | 2,884 | |||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 4,435 | 5,809 | |||||||||||||||||||||||||||
Commercial and industrial loans | 479 | 822 | |||||||||||||||||||||||||||
Consumer loans | 76 | 206 | |||||||||||||||||||||||||||
Total loans | $ | 10,565 | $ | 23,618 | |||||||||||||||||||||||||
Schedule of Carrying Amount of Impaired Loans | ' | ||||||||||||||||||||||||||||
As of December 31, 2013, the carrying amount of impaired loans consisted of the following: | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Impaired loans with no related allowance recorded | Carrying | Unpaid | Related | ||||||||||||||||||||||||||
Amount | Principal | Allowances | |||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Loans secured by real estate | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 4,590 | $ | 4,590 | $ | — | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 103 | 103 | — | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 1,053 | 1,053 | — | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 11,844 | 11,844 | — | ||||||||||||||||||||||||||
Commercial and industrial | 534 | 534 | — | ||||||||||||||||||||||||||
Total loans with no related allowance recorded | $ | 18,124 | $ | 18,124 | $ | — | |||||||||||||||||||||||
Impaired loans with an allowance recorded | |||||||||||||||||||||||||||||
Loans secured by real estate | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 1,407 | $ | 1,407 | $ | 232 | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 185 | 185 | 11 | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 6,474 | 6,474 | 2,005 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 6,376 | 6,376 | 835 | ||||||||||||||||||||||||||
Commercial and industrial | 219 | 219 | 219 | ||||||||||||||||||||||||||
Total loans with an allowance recorded | $ | 14,661 | $ | 14,661 | $ | 3,302 | |||||||||||||||||||||||
Total impaired loans | |||||||||||||||||||||||||||||
Loans secured by real estate | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 5,997 | $ | 5,997 | $ | 232 | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 288 | 288 | 11 | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 7,527 | 7,527 | 2,005 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 18,220 | 18,220 | 835 | ||||||||||||||||||||||||||
Commercial and industrial | 753 | 753 | 219 | ||||||||||||||||||||||||||
Total impaired loans | $ | 32,785 | $ | 32,785 | $ | 3,302 | |||||||||||||||||||||||
As of December 31, 2012, the carrying amount of impaired loans consisted of the following: | |||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Impaired loans with no related allowance recorded | Carrying | Unpaid | Related | ||||||||||||||||||||||||||
Amount | Principal | Allowances | |||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
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 as of December 31, 2013 and 2012 were as follows: | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Average | Interest | Interest | |||||||||||||||||||||||||||
Recorded | Income | Income | |||||||||||||||||||||||||||
Investment | Recognized | Received | |||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Loans secured by real estate | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 10,249 | $ | 177 | $ | 179 | |||||||||||||||||||||||
Secured by 1-4 family residential properties | 303 | 7 | 7 | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 8,690 | 438 | 446 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 22,272 | 918 | 935 | ||||||||||||||||||||||||||
Commercial and industrial | 987 | 33 | 34 | ||||||||||||||||||||||||||
Total | $ | 42,501 | $ | 1,573 | $ | 1,601 | |||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Average | Interest | Interest | |||||||||||||||||||||||||||
Recorded | Income | Income | |||||||||||||||||||||||||||
Investment | Recognized | Received | |||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
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 | 9 | ||||||||||||||||||||||||||
Secured by multi-family residential properties | 4,942 | 483 | 455 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 29,627 | 1,452 | 1,478 | ||||||||||||||||||||||||||
Commercial and industrial | 1,222 | 38 | 42 | ||||||||||||||||||||||||||
Total | $ | 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 December 31, 2013 and 2012, as well as the pre- and post-modification principal balance as of December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
December 31, 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 | ||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | 10 | $ | 7,551 | $ | 3,837 | 10 | $ | 11,267 | $ | 9,988 | |||||||||||||||||||
Secured by 1-4 family residential properties | 17 | 1,375 | 1,067 | 4 | 596 | 586 | |||||||||||||||||||||||
Secured by non-farm, non-residential properties | 9 | 2,683 | 2,418 | 6 | 1,811 | 1,586 | |||||||||||||||||||||||
Commercial loans | 4 | 416 | 344 | 4 | 380 | 356 | |||||||||||||||||||||||
Total | 40 | $ | 12,025 | $ | 7,666 | 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 December 31, 2013 and 2012. | |||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
Number | Recorded | Number | Recorded | ||||||||||||||||||||||||||
of Loans | Investment | of Loans | Investment | ||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Construction, land development and other land loans | 2 | $ | 566 | 6 | $ | 7,062 | |||||||||||||||||||||||
Secured by non-farm, non-residential properties | 4 | 1,073 | 2 | 433 | |||||||||||||||||||||||||
Commercial | — | — | 2 | 68 | |||||||||||||||||||||||||
Total | 6 | $ | 1,639 | 10 | $ | 7,563 | |||||||||||||||||||||||
Schedule of Troubled Debt Restructuring | ' | ||||||||||||||||||||||||||||
Troubled debt restructurings as of December 31, 2013 and December 31, 2012 were as follows: | |||||||||||||||||||||||||||||
December 31, | December 31, | Change | |||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||
Loans secured by real estate: | |||||||||||||||||||||||||||||
Construction, land development and other land loans | $ | 3,837 | $ | 9,988 | $ | (6,151 | ) | ||||||||||||||||||||||
Secured by 1-4 family residential properties | 1,067 | 586 | 481 | ||||||||||||||||||||||||||
Secured by non-farm, non-residential properties | 2,418 | 1,586 | 832 | ||||||||||||||||||||||||||
Commercial and industrial loans | 344 | 356 | (12 | ) | |||||||||||||||||||||||||
Total | $ | 7,666 | $ | 12,516 | $ | (4,850 | ) | ||||||||||||||||||||||
Other_Real_Estate_Owned_Tables
Other Real Estate Owned (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||
Summary of Foreclosed Property Activity | ' | ||||||||||||
The following table summarizes foreclosed property activity as of December 31, 2013 and 2012. | |||||||||||||
December 31, 2013 | |||||||||||||
FUSB | ALC | TOTAL | |||||||||||
(Dollars in Thousands) | |||||||||||||
Balance December 31, 2012 | $ | 11,089 | $ | 2,197 | $ | 13,286 | |||||||
Transfers from loans | 1,859 | 537 | 2,396 | ||||||||||
Sales proceeds | (3,051 | ) | (969 | ) | (4,020 | ) | |||||||
Gross gains | 69 | 27 | 96 | ||||||||||
Gross losses | (215 | ) | (729 | ) | (944 | ) | |||||||
Net losses | (146 | ) | (702 | ) | (848 | ) | |||||||
Impairment | (1,288 | ) | (216 | ) | (1,504 | ) | |||||||
Balance December 31, 2013 | $ | 8,463 | $ | 847 | $ | 9,310 | |||||||
December 31, 2012 | |||||||||||||
FUSB | ALC | TOTAL | |||||||||||
(Dollars in Thousands) | |||||||||||||
Balance December 31, 2011 | $ | 12,606 | $ | 4,168 | $ | 16,774 | |||||||
Transfers from loans | 6,611 | 757 | 7,368 | ||||||||||
Sales proceeds | (4,514 | ) | (1,477 | ) | (5,991 | ) | |||||||
Gross gains | 42 | 63 | 105 | ||||||||||
Gross losses | (663 | ) | (725 | ) | (1,388 | ) | |||||||
Net losses | (621 | ) | (662 | ) | (1,283 | ) | |||||||
Impairment | (2,993 | ) | (589 | ) | (3,582 | ) | |||||||
Balance December 31, 2012 | $ | 11,089 | $ | 2,197 | $ | 13,286 | |||||||
Premises_and_Equipment_Tables
Premises and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Summary of Premises and Equipment and their Depreciable Lives | ' | ||||||||
Premises and equipment and their depreciable lives are summarized as follows: | |||||||||
2013 | 2012 | ||||||||
(Dollars in Thousands) | |||||||||
Land | $ | 2,003 | $ | 2,003 | |||||
Premises (40 years) | 12,408 | 12,176 | |||||||
Furniture, fixtures, and equipment (3-7 years) | 12,695 | 12,484 | |||||||
Total | 27,106 | 26,663 | |||||||
Less accumulated depreciation | (18,178 | ) | (17,760 | ) | |||||
Total | $ | 8,928 | $ | 8,903 | |||||
Deposits_Tables
Deposits (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Banking And Thrift [Abstract] | ' | ||||
Scheduled Maturities of the Bank's Time Deposits | ' | ||||
As of December 31, 2013, the scheduled maturities of the Bank’s time deposits were as follows: | |||||
December 31,2013 | |||||
(Dollars in | |||||
Thousands) | |||||
2014 | $ | 137,052 | |||
2015 | 37,974 | ||||
2016 | 18,709 | ||||
2017 | 12,818 | ||||
2018 and Thereafter | 5,171 | ||||
Total | $ | 211,724 | |||
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Summary of Information Concerning FHLB Advances and Other Borrowings | ' | ||||||||
The following summarizes information concerning FHLB advances and other borrowings: | |||||||||
2013 | 2012 | ||||||||
(Dollars in Thousands, | |||||||||
Except Percentages) | |||||||||
Balance at year-end | $ | 5,000 | $ | — | |||||
Average balance during the year | 1,890 | 4,918 | |||||||
Maximum month-end balance during the year | 5,000 | 20,000 | |||||||
Average rate paid during the year | 0.58 | % | 2.3 | % | |||||
Weighted average remaining maturity | 1.67 years | — |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Consolidated Provisions for (Benefits from) Income Taxes | ' | ||||||||
The consolidated provisions for (benefits from) income taxes for the years ended December 31, 2013 and 2012 were as follows: | |||||||||
2013 | 2012 | ||||||||
(Dollars in | |||||||||
Thousands) | |||||||||
Federal | |||||||||
Current | $ | 971 | $ | (381 | ) | ||||
Deferred | 245 | 830 | |||||||
1,216 | 449 | ||||||||
State | |||||||||
Current | 230 | 126 | |||||||
Deferred | 63 | 170 | |||||||
293 | 296 | ||||||||
Total | $ | 1,509 | $ | 745 | |||||
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: | |||||||||
2013 | 2012 | ||||||||
(Dollars in | |||||||||
Thousands) | |||||||||
Income tax expense at federal statutory rate | $ | 1,848 | $ | 1,000 | |||||
Increase (decrease) resulting from: | |||||||||
Tax-exempt interest | (394 | ) | (375 | ) | |||||
State income tax expense, net of federal income taxes | 190 | 102 | |||||||
Other | (135 | ) | 18 | ||||||
Total | $ | 1,509 | $ | 745 | |||||
Effects of Temporary Differences of Deferred Tax Assets and Deferred Tax Liabilities | ' | ||||||||
The tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31, 2013 and 2012 are presented below: | |||||||||
2013 | 2012 | ||||||||
(Dollars in Thousands) | |||||||||
Deferred tax assets: | |||||||||
Allowance for loan losses | $ | 3,556 | $ | 7,321 | |||||
Accrued vacation | 66 | 69 | |||||||
Deferred compensation | 1,608 | 1,543 | |||||||
Deferred commissions and fees | 269 | 420 | |||||||
Goodwill amortization | 104 | 147 | |||||||
Impairment OREO | 3,103 | 2,254 | |||||||
Federal NOL carryover | 2,135 | — | |||||||
State NOL carryover | 568 | 205 | |||||||
Federal AMT & general business credits carryover | 216 | 155 | |||||||
Other | 42 | 44 | |||||||
Total gross deferred tax assets | 11,667 | 12,158 | |||||||
Deferred tax liabilities: | |||||||||
Premises and equipment | 236 | 308 | |||||||
Limited Partnerships | 154 | — | |||||||
Unrealized gain on securities available-for-sale | 317 | 1,883 | |||||||
Other | 173 | 438 | |||||||
Total gross deferred tax liabilities | 880 | 2,629 | |||||||
Net deferred tax asset, included in other assets | $ | 10,787 | $ | 9,529 | |||||
Shareholders_Equity_Tables
Shareholders' Equity (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||||||||||
Summary of Actual Capital Amount and Well Capitalized Total Risk-Based, Tier I Risk-Based, and Tier I Leverage Ratios | ' | ||||||||||||||||||||||||
Actual capital amounts, as well as required and well capitalized total risk-based, Tier I risk-based, and Tier I leverage ratios as of December 31, 2013 and 2012, for the Company and the Bank were as follows: | |||||||||||||||||||||||||
2013 | |||||||||||||||||||||||||
Actual | Adequacy | To Be Well | |||||||||||||||||||||||
Purposes | Capitalized Under | ||||||||||||||||||||||||
Prompt | |||||||||||||||||||||||||
Corrective | |||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||
Total Capital (to Risk Weighted Assets): | |||||||||||||||||||||||||
United Security Bancshares, Inc. | $ | 64,842 | 19.2 | % | $ | 27,012 | 8 | % | N/A | N/A | |||||||||||||||
First United Security Bank | 65,304 | 19.34 | % | 27,012 | 8 | % | $ | 33,765 | 10 | % | |||||||||||||||
Tier I Capital (to Risk Weighted Assets): | |||||||||||||||||||||||||
United Security Bancshares, Inc. | 60,557 | 17.93 | % | 13,506 | 4 | % | N/A | N/A | |||||||||||||||||
First United Security Bank | 61,019 | 18.07 | % | 13,506 | 4 | % | 20,259 | 6 | % | ||||||||||||||||
Tier I Leverage (to Average Assets): | |||||||||||||||||||||||||
United Security Bancshares, Inc. | 60,557 | 10.88 | % | 16,698 | 3 | % | N/A | N/A | |||||||||||||||||
First United Security Bank | 61,019 | 10.97 | % | 16,691 | 3 | % | 27,819 | 5 | % | ||||||||||||||||
2012 | |||||||||||||||||||||||||
Actual | Adequacy | To Be Well | |||||||||||||||||||||||
Purposes | Capitalized Under | ||||||||||||||||||||||||
Prompt | |||||||||||||||||||||||||
Corrective | |||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||
Total Capital (to Risk Weighted Assets): | |||||||||||||||||||||||||
United Security Bancshares, Inc. | $ | 63,957 | 17.05 | % | $ | 30,008 | 8 | % | N/A | N/A | |||||||||||||||
First United Security Bank | 64,422 | 17.17 | % | 30,008 | 8 | % | $ | 37,510 | 10 | % | |||||||||||||||
Tier I Capital (to Risk Weighted Assets): | |||||||||||||||||||||||||
United Security Bancshares, Inc. | 59,088 | 15.75 | % | 15,004 | 4 | % | N/A | N/A | |||||||||||||||||
First United Security Bank | 59,553 | 15.88 | % | 15,004 | 4 | % | 22,506 | 6 | % | ||||||||||||||||
Tier I Leverage (to Average Assets): | |||||||||||||||||||||||||
United Security Bancshares, Inc. | 59,088 | 10.51 | % | 16,873 | 3 | % | N/A | N/A | |||||||||||||||||
First United Security Bank | 59,553 | 10.6 | % | 16,862 | 3 | % | 28,104 | 5 | % |
Segment_Reporting_Tables
Segment Reporting (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 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: | |||||||||||||||||||||
2013 | |||||||||||||||||||||
FUSB | ALC | All | Eliminations | Consolidated | |||||||||||||||||
Other | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Total interest income | $ | 19,833 | $ | 17,026 | $ | 10 | $ | (3,233 | ) | $ | 33,636 | ||||||||||
Total interest expense | 2,915 | 3,223 | — | (3,233 | ) | 2,905 | |||||||||||||||
Net interest income | 16,918 | 13,803 | 10 | — | 30,731 | ||||||||||||||||
Provision (reduction in reserve) for loan losses | (2,862 | ) | 2,220 | — | — | (642 | ) | ||||||||||||||
Net interest income after provision (reduction in reserve) | 19,780 | 11,583 | 10 | — | 31,373 | ||||||||||||||||
Total non-interest income | 3,553 | 1,387 | 812 | (887 | ) | 4,865 | |||||||||||||||
Total non-interest expense | 20,464 | 10,303 | 922 | (887 | ) | 30,802 | |||||||||||||||
Income (loss) before income taxes | 2,869 | 2,667 | (100 | ) | — | 5,436 | |||||||||||||||
Provision for income taxes | 493 | 1,012 | 4 | — | 1,509 | ||||||||||||||||
Net income (loss) | $ | 2,376 | $ | 1,655 | (104 | ) | — | 3,927 | |||||||||||||
Other significant items: | |||||||||||||||||||||
Total assets | $ | 559,159 | $ | 71,572 | $ | 76,236 | $ | (137,166 | ) | $ | 569,801 | ||||||||||
Total investment securities | 170,724 | — | 80 | — | 170,804 | ||||||||||||||||
Total loans, net | 293,069 | 67,474 | — | (59,616 | ) | 300,927 | |||||||||||||||
Investment in subsidiaries | 784 | — | 71,096 | (71,875 | ) | 5 | |||||||||||||||
Fixed asset additions | 323 | 58 | — | — | 381 | ||||||||||||||||
Depreciation and amortization expense | 539 | 178 | — | — | 717 | ||||||||||||||||
Total interest income from external customers | 16,610 | 17,026 | — | — | 33,636 | ||||||||||||||||
Total interest income from affiliates | 3,223 | — | 10 | (3,233 | ) | — | |||||||||||||||
2012 | |||||||||||||||||||||
FUSB | ALC | All | Eliminations | Consolidated | |||||||||||||||||
Other | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Total interest income | $ | 24,109 | $ | 18,503 | $ | 19 | $ | (3,878 | ) | $ | 38,753 | ||||||||||
Total interest expense | 4,575 | 3,859 | — | (3,878 | ) | 4,556 | |||||||||||||||
Net interest income | 19,534 | 14,644 | 19 | — | 34,197 | ||||||||||||||||
Provision for loan losses | 1,294 | 3,044 | — | — | 4,338 | ||||||||||||||||
Net interest income after provision | 18,240 | 11,600 | 19 | — | 29,859 | ||||||||||||||||
Total non-interest income | 3,967 | 1,414 | 956 | (772 | ) | 5,565 | |||||||||||||||
Total non-interest expense | 21,368 | 10,734 | 1,154 | (772 | ) | 32,484 | |||||||||||||||
Income (loss) before income taxes | 839 | 2,280 | (179 | ) | — | 2,940 | |||||||||||||||
(Benefit from) provision for income taxes | (145 | ) | 884 | 6 | — | 745 | |||||||||||||||
Net income (loss) | $ | 984 | $ | 1,396 | $ | (185 | ) | — | $ | 2,195 | |||||||||||
Other significant items: | |||||||||||||||||||||
Total assets | $ | 557,374 | $ | 79,090 | $ | 74,958 | $ | (144,289 | ) | $ | 567,133 | ||||||||||
Total investment securities | 113,670 | — | 80 | — | 113,750 | ||||||||||||||||
Total loans, net | 329,425 | 71,609 | — | (63,634 | ) | 337,400 | |||||||||||||||
Investment in subsidiaries | 784 | — | 69,757 | (70,536 | ) | 5 | |||||||||||||||
Fixed asset additions | 314 | 258 | — | — | 572 | ||||||||||||||||
Depreciation and amortization expense | 562 | 153 | — | — | 715 | ||||||||||||||||
Total interest income from external customers | 20,250 | 18,503 | — | — | 38,753 | ||||||||||||||||
Total interest income from affiliates | 3,858 | — | 19 | (3,877 | ) | — |
Other_Operating_Expenses_Table
Other Operating Expenses (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Other Income And Expenses [Abstract] | ' | ||||||||
Components of Other Operating Expenses | ' | ||||||||
Other operating expenses for the years 2013 and 2012 consisted of the following: | |||||||||
2013 | 2012 | ||||||||
(Dollars in Thousands) | |||||||||
Legal, accounting and other professional fees | $ | 1,355 | $ | 1,361 | |||||
Postage, stationery and supplies | 851 | 859 | |||||||
Telephone/data communication | 622 | 631 | |||||||
FDIC insurance assessments | 722 | 787 | |||||||
Other | 5,493 | 6,198 | |||||||
Total | $ | 9,043 | $ | 9,836 | |||||
Operating_Leases_Tables
Operating Leases (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Leases [Abstract] | ' | ||||
Future Minimum Rental Payments Required Under Operating Leases | ' | ||||
The following is a schedule, by years, of future minimum rental payments required under operating leases having initial or remaining noncancellable terms in excess of one year as of December 31, 2013 (dollars in thousands): | |||||
Year ending December 31, | |||||
2014 | $ | 401 | |||
2015 | 303 | ||||
2016 | 226 | ||||
2017 | 151 | ||||
2018 | 126 | ||||
2019 | 73 |
Guarantees_Commitments_and_Con1
Guarantees, Commitments and Contingencies (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||||
Summary of Commitments and Contingent Liabilities | ' | ||||||||
A summary of these commitments and contingent liabilities is presented below: | |||||||||
December 31, | |||||||||
2013 | 2012 | ||||||||
(Dollars in Thousands) | |||||||||
Standby Letters of Credit | $ | 931 | $ | 1,092 | |||||
Commitments to Extend Credit | $ | 28,875 | $ | 32,123 |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 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 December 31, 2013 and 2012. | |||||||||||||||||||||
Fair Value Measurements as of December 31, 2013 Using | |||||||||||||||||||||
Totals | Quoted | Significant | Significant | ||||||||||||||||||
At | Prices in | Other | Unobservable | ||||||||||||||||||
December 31, | Active | Observable | Inputs | ||||||||||||||||||
2013 | Markets For | Inputs | (Level 3) | ||||||||||||||||||
Identical | (Level 2) | ||||||||||||||||||||
Assets | |||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||||||
Residential | $ | 83,434 | $ | — | $ | 83,434 | $ | — | |||||||||||||
Commercial | 30,465 | — | 30,465 | — | |||||||||||||||||
Obligations of states and political subdivisions | 17,027 | — | 17,027 | — | |||||||||||||||||
U.S. treasury securities | 3,827 | — | 3,827 | — | |||||||||||||||||
Obligations of U.S. government sponsored agencies | 1,001 | — | 1,001 | — | |||||||||||||||||
Fair Value Measurements as of 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) | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Mortgage-backed securities: | |||||||||||||||||||||
Residential | $ | 49,264 | $ | — | $ | 49,264 | $ | — | |||||||||||||
Commercial | 28,289 | — | 28,289 | — | |||||||||||||||||
Obligations of states 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 December 31, 2013 and 2012. | |||||||||||||||||||||
Fair Value Measurements as of December 31, 2013 Using | |||||||||||||||||||||
Totals | Quoted | Significant | Significant | ||||||||||||||||||
At | Prices in | Other | Unobservable | ||||||||||||||||||
December 31, | Active | Observable | Inputs | ||||||||||||||||||
2013 | Markets For | Inputs | (Level 3) | ||||||||||||||||||
Identical | (Level 2) | ||||||||||||||||||||
Assets | |||||||||||||||||||||
(Level 1) | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Impaired loans | $ | 11,358 | $ | — | $ | — | $ | 11,358 | |||||||||||||
Foreclosed property and other real estate | 5,832 | — | — | 5,832 | |||||||||||||||||
Fair Value Measurements as of 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) | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
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 | ||||||||||||||||||
December 31, | Range | ||||||||||||||||||||
2013 | of Unobservable | ||||||||||||||||||||
Inputs (Weighted- | |||||||||||||||||||||
Average) | |||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Non-recurring fair value measurements: | |||||||||||||||||||||
Impaired loans | $11,358 | Multiple data points, including discount to appraised value of collateral based on recent market activity | Appraisal compatibility adjustment (discount) | 9%—30% | |||||||||||||||||
-11.60% | |||||||||||||||||||||
Foreclosed property and other real estate | $5,832 | Discount to appraised value of property based on recent market activity for sales of similar properties | Appraisal compatibility adjustment (discount) | 9%—10% | |||||||||||||||||
-9.30% | |||||||||||||||||||||
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 as of December 31, 2013 and 2012, are as follows: | |||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||
Carrying | Estimated | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Amount | Fair Value | ||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
Assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 47,720 | $ | 47,720 | $ | 47,720 | $ | — | $ | — | |||||||||||
Investment securities available-for-sale | 135,754 | 135,754 | — | 135,754 | — | ||||||||||||||||
Investment securities held-to-maturity | 35,050 | 33,365 | — | 33,365 | — | ||||||||||||||||
Federal Home Loan Bank stock | 906 | 906 | — | 906 | — | ||||||||||||||||
Loans, net of allowance for loan losses | 300,927 | 303,291 | — | — | 303,291 | ||||||||||||||||
Liabilities: | |||||||||||||||||||||
Deposits | 484,279 | 484,957 | — | 484,957 | — | ||||||||||||||||
Short-term borrowings | 1,231 | 1,231 | — | 1,231 | — | ||||||||||||||||
Long-term debt | 5,000 | 5,011 | — | 5,011 | — | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||
Carrying | Estimated | Level 1 | Level 2 | Level 3 | |||||||||||||||||
Amount | Fair Value | ||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||
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 | — |
United_Security_Bancshares_Inc1
United Security Bancshares, Inc. (Parent Company Only) Financial Information (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | ' | ||||||||
Summary of Statements of Condition | ' | ||||||||
Statements of Condition | |||||||||
Year-Ended December 31, | |||||||||
2013 | 2012 | ||||||||
(Dollars in Thousands) | |||||||||
ASSETS: | |||||||||
Cash on deposit | $ | 73 | $ | 83 | |||||
Investment in subsidiaries | 70,557 | 69,113 | |||||||
TOTAL ASSETS | $ | 70,630 | $ | 69,196 | |||||
LIABILITIES: | |||||||||
Other liabilities | $ | 535 | $ | 549 | |||||
SHAREHOLDERS’ EQUITY | 70,095 | 68,647 | |||||||
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 70,630 | $ | 69,196 | |||||
Statements of Income | ' | ||||||||
Statements of Income | |||||||||
Year-Ended December 31, | |||||||||
2013 | 2012 | ||||||||
(Dollars in Thousands) | |||||||||
INCOME: | |||||||||
Dividend income, First United Security Bank | $ | 200 | $ | — | |||||
Other Income | 6 | — | |||||||
Total income | $ | 206 | $ | — | |||||
EXPENSE: | 334 | 383 | |||||||
LOSS BEFORE EQUITY IN UNDISTRIBUTED INCOME OF SUBSIDIARIES | (128 | ) | (383 | ) | |||||
EQUITY IN UNDISTRIBUTED INCOME OF SUBSIDIARIES | 4,055 | 2,578 | |||||||
NET INCOME | $ | 3,927 | $ | 2,195 | |||||
Statements of Cash Flows | ' | ||||||||
Statements of Cash Flows | |||||||||
Year-Ended December 31, | |||||||||
2013 | 2012 | ||||||||
(Dollars in Thousands) | |||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||
Net income | $ | 3,927 | $ | 2,195 | |||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Distributions in excess of undistributed income (loss) of subsidiaries | (4,055 | ) | (2,578 | ) | |||||
Decrease in other assets | 131 | 110 | |||||||
(Increase) decrease in other liabilities | (13 | ) | 65 | ||||||
DECREASE IN CASH | (10 | ) | (208 | ) | |||||
CASH AT BEGINNING OF YEAR | 83 | 291 | |||||||
CASH AT END OF YEAR | $ | 73 | $ | 83 | |||||
Quarterly_Data_Unaudited_Table
Quarterly Data (Unaudited) (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||||||
Summary of Quarterly Data | ' | ||||||||||||||||||||||||||||||||
Year-Ended December 31, | |||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Fourth | Third | Second | First | Fourth | Third | Second | First | ||||||||||||||||||||||||||
Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | Quarter | ||||||||||||||||||||||||||
(Dollars in Thousands) | |||||||||||||||||||||||||||||||||
Interest income | $ | 8,340 | $ | 8,270 | $ | 8,432 | $ | 8,594 | $ | 9,667 | $ | 9,328 | $ | 9,748 | $ | 10,010 | |||||||||||||||||
Interest expense | 677 | 702 | 737 | 789 | 888 | 1,031 | 1,177 | 1,460 | |||||||||||||||||||||||||
Net interest income | 7,663 | 7,568 | 7,695 | 7,805 | 8,779 | 8,297 | 8,571 | 8,550 | |||||||||||||||||||||||||
Provision for loan losses | (1,441 | ) | 240 | 53 | 506 | 1,163 | 492 | 468 | 2,215 | ||||||||||||||||||||||||
Net interest income, after provision for loan losses | 9,104 | 7,328 | 7,642 | 7,299 | 7,616 | 7,805 | 8,103 | 6,335 | |||||||||||||||||||||||||
Non-interest: | |||||||||||||||||||||||||||||||||
Income | 723 | 1,291 | 1,228 | 1,623 | 1,507 | 1,453 | 1,331 | 1,274 | |||||||||||||||||||||||||
Expense | 8,569 | 7,365 | 7,176 | 7,692 | 7,652 | 7,562 | 7,442 | 9,828 | |||||||||||||||||||||||||
Income (loss) before income taxes | 1,258 | 1,254 | 1,694 | 1,230 | 1,471 | 1,696 | 1,992 | (2,219 | ) | ||||||||||||||||||||||||
(Benefits from) provision for income taxes | 303 | 350 | 512 | 344 | 588 | 517 | 622 | (982 | ) | ||||||||||||||||||||||||
Net income (loss) after taxes | $ | 955 | $ | 904 | $ | 1,182 | $ | 886 | $ | 883 | $ | 1,179 | $ | 1,370 | $ | (1,237 | ) | ||||||||||||||||
Earnings (losses) per common share: | |||||||||||||||||||||||||||||||||
Basic and diluted earnings (losses) | $ | 0.16 | $ | 0.15 | $ | 0.2 | $ | 0.15 | $ | 0.15 | $ | 0.2 | $ | 0.23 | $ | (0.21 | ) |
Description_of_Business_Additi
Description of Business - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2013 | |
Office | |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | ' |
Number of banking offices | 19 |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Security | Security | ||
Entity | Instruments | ||
Portfolios | |||
Instruments | |||
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Number of variable interest entity included in consolidated statements | 1 | ' | ' |
Instruments with an original maturity | 'Less than 90 days | ' | ' |
Number of Investment portfolios | 3 | ' | ' |
Number of securities held as trading securities | 0 | 0 | ' |
Derivative instruments | 0 | 0 | ' |
Other real estate aggregate amount | $9,310,000 | $13,286,000 | $16,774,000 |
Loans transferred to other real estate | 2,396,000 | 7,368,000 | ' |
Other real estate transferred to loans | 0 | 300,000 | ' |
Other real estate sold amount | 4,900,000 | 7,300,000 | ' |
Minimum percentage chances of tax benefit to be realized on examination | 50.00% | ' | ' |
Tax benefit | $0 | ' | ' |
Outstanding potentially dilutive instruments | 0 | 0 | ' |
Maximum [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Useful lives for all premises and equipment | '30 years | ' | ' |
Minimum [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Useful lives for all premises and equipment | '3 years | ' | ' |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies - Disclosures of Cash Flow Information and Non-cash Transactions (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Cash Paid (Refunded) During the Period for: | ' | ' |
Interest | $3,052 | $4,933 |
Income Taxes | -2,252 | 97 |
Non-Cash Transactions: | ' | ' |
Other Real Estate Acquired in Settlement of Loans | 2,396 | 7,368 |
Issuance of Treasury Stock as Compensation | 131 | 85 |
Stock Award Under Employment Contract | ' | $26 |
Summary_of_Significant_Account5
Summary of Significant Accounting Policies - Basic and Diluted Net Income Share Calculations (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Accounting Policies [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | $955 | $904 | $1,182 | $886 | $883 | $1,179 | $1,370 | ($1,237) | $3,927 | $2,195 |
Weighted Average Shares Outstanding | ' | ' | ' | ' | ' | ' | ' | ' | 6,025,724 | 6,022,892 |
BASIC AND DILUTED NET INCOME PER SHARE | $0.16 | $0.15 | $0.20 | $0.15 | $0.15 | $0.20 | $0.23 | ($0.21) | $0.65 | $0.36 |
Investment_Securities_Investme
Investment Securities - Investment Securities Available-for-Sale and Held-to-Maturity (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-Sale, Amortized Cost | $134,908 | $87,592 |
Available-for-Sale, Gross Unrealized Gains | 2,422 | 5,054 |
Available-for-Sale, Gross Unrealized Losses | -1,576 | -32 |
Available-for-Sale, Estimated Fair Value | 135,754 | 92,614 |
Held-to-Maturity, Amortized Cost | 35,050 | 21,136 |
Held-to-Maturity, Estimated Fair Value | 33,365 | ' |
Residential [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-Sale, Amortized Cost | 82,840 | 46,260 |
Available-for-Sale, Gross Unrealized Gains | 1,479 | 3,004 |
Available-for-Sale, Gross Unrealized Losses | -885 | ' |
Available-for-Sale, Estimated Fair Value | 83,434 | 49,264 |
Commercial [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-Sale, Amortized Cost | 30,677 | 27,857 |
Available-for-Sale, Gross Unrealized Gains | 143 | 464 |
Available-for-Sale, Gross Unrealized Losses | -355 | -32 |
Available-for-Sale, Estimated Fair Value | 30,465 | 28,289 |
Obligations of States and Political Subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-Sale, Amortized Cost | 16,230 | 13,395 |
Available-for-Sale, Gross Unrealized Gains | 799 | 1,586 |
Available-for-Sale, Gross Unrealized Losses | -2 | ' |
Available-for-Sale, Estimated Fair Value | 17,027 | 14,981 |
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, Estimated Fair Value | 1,001 | ' |
Held-to-Maturity, Amortized Cost | 35,050 | 21,136 |
Held-to-Maturity, Gross Unrealized Gains | ' | 56 |
Held-to-Maturity, Gross Unrealized Losses | -1,684 | -7 |
Held-to-Maturity, Estimated Fair Value | 33,365 | 21,185 |
U.S. Treasury Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-Sale, Amortized Cost | 4,161 | 80 |
Available-for-Sale, Gross Unrealized Losses | -334 | ' |
Available-for-Sale, Estimated Fair Value | $3,827 | $80 |
Investment_Securities_Schedule
Investment Securities - Scheduled Maturities of Investment Securities Available-for-Sale and Held-to-Maturity (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Investments Debt And Equity Securities [Abstract] | ' | ' |
Available-for-Sale, Maturing within one year, Amortized Cost | $280 | ' |
Available-for-Sale, Maturing after one to five years, Amortized Cost | 11,796 | ' |
Available-for-Sale, Maturing after five to ten years, Amortized Cost | 63,180 | ' |
Available-for-Sale, Maturing after ten years, Amortized Cost | 59,652 | ' |
Available-for-Sale, Amortized Cost, Total | 134,908 | ' |
Available-for-Sale, Maturing within one year, Estimated Fair Value | 281 | ' |
Available-for-Sale, Maturing after one to five years, Estimated Fair Value | 12,306 | ' |
Available-for-Sale, Maturing after five to ten years, Estimated Fair Value | 62,974 | ' |
Available-for-Sale, Maturing after ten years, Estimated Fair Value | 60,193 | ' |
Available-for-Sale, Estimated Fair Value, Total | 135,754 | ' |
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 | 15,197 | ' |
Held-to-Maturity, Maturing after ten years, Amortized Cost | 19,853 | ' |
Held-to-Maturity, Amortized Cost, Total | 35,050 | 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 | 14,821 | ' |
Held-to-Maturity, Maturing after ten years, Estimated Fair Value | 18,544 | ' |
Held-to-Maturity, Estimated Fair Value | $33,365 | ' |
Investment_Securities_Investme1
Investment Securities - Investments' Gross Unrealized Losses and Fair Value (Detail) (USD $) | Dec. 31, 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 | $69,120 | $1,253 |
Available-for-Sale, Less than 12 Months, Unrealized Losses | -1,558 | -3 |
Available-for-Sale, 12 Months or More, Fair Value | 271 | 5,617 |
Available-for-Sale, 12 Months or More, Unrealized Losses | -18 | -29 |
Residential [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 | 43,091 | ' |
Available-for-Sale, Less than 12 Months, Unrealized Losses | -885 | ' |
Available-for-Sale, 12 Months or More, Fair Value | ' | ' |
Available-for-Sale, 12 Months or More, Unrealized Losses | ' | ' |
Commercial [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 | 21,231 | ' |
Available-for-Sale, Less than 12 Months, Unrealized Losses | -337 | ' |
Available-for-Sale, 12 Months or More, Fair Value | 271 | ' |
Available-for-Sale, 12 Months or More, Unrealized Losses | -18 | ' |
Obligations of States 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 | 1,050 | ' |
Available-for-Sale, Less than 12 Months, Unrealized Losses | -2 | ' |
Available-for-Sale, 12 Months or More, Fair Value | ' | ' |
Available-for-Sale, 12 Months or More, Unrealized Losses | ' | ' |
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 | 3,748 | 80 |
Available-for-Sale, Less than 12 Months, Unrealized Losses | -334 | ' |
Available-for-Sale, 12 Months or More, Fair Value | ' | ' |
Available-for-Sale, 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 | ' | 1,173 |
Available-for-Sale, Less than 12 Months, Unrealized Losses | ' | -3 |
Available-for-Sale, 12 Months or More, Fair Value | ' | 5,617 |
Available-for-Sale, 12 Months or More, Unrealized Losses | ' | -29 |
Obligations of U.S. Government Sponsored 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 | 33,365 | 7,491 |
Held-to-Maturity, Less than 12 Months, Unrealized Losses | -1,684 | -7 |
Held-to-Maturity, 12 Months or More, Fair Value | ' | ' |
Held-to-Maturity, 12 Months or More, Unrealized Losses | ' | ' |
Investment_Securities_Addition
Investment Securities - Additional Information (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 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 | 49 | ' |
Investment securities available-for-sale carrying amount | $72,700,000 | $61,600,000 |
Gains realized on sales of securities available-for-sale | 500,000 | 1,000 |
Losses on sales of securities | $0 | $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 $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | $315,433 | $361,779 | ' |
Less: Unearned Interest and fees | 5,110 | 5,101 | ' |
Allowance for loan losses | 9,396 | 19,278 | ' |
Net loans | 300,927 | 337,400 | ' |
FUSB [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 239,874 | 281,731 | ' |
Less: Unearned Interest and fees | 149 | 175 | ' |
Allowance for loan losses | 6,272 | 15,765 | 18,691 |
Net loans | 233,453 | 265,791 | ' |
ALC [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 75,559 | 80,048 | ' |
Less: Unearned Interest and fees | 4,961 | 4,926 | ' |
Allowance for loan losses | 3,124 | 3,513 | 3,576 |
Net loans | 67,474 | 71,609 | ' |
Construction, Land Development and Other Land Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 11,348 | 30,635 | ' |
Construction, Land Development and Other Land Loans [Member] | FUSB [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 11,348 | 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 | 61,599 | 71,497 | ' |
Secured by 1-4 Family Residential Properties [Member] | FUSB [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 34,978 | 38,450 | ' |
Secured by 1-4 Family Residential Properties [Member] | ALC [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 26,621 | 33,047 | ' |
Secured by Multi-family Residential Properties [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 22,095 | 24,187 | ' |
Secured by Multi-family Residential Properties [Member] | FUSB [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 22,095 | 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 | 122,430 | 129,235 | ' |
Secured by Non-farm, Non-residential Properties [Member] | FUSB [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 122,430 | 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 | 761 | 801 | ' |
Other [Member] | FUSB [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 761 | 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 | 37,772 | 42,903 | ' |
Commercial and Industrial Loans [Member] | FUSB [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 37,772 | 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 | 58,824 | 61,484 | ' |
Consumer Loans [Member] | FUSB [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 9,886 | 14,483 | ' |
Consumer Loans [Member] | ALC [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 48,938 | 47,001 | ' |
Other Loans [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 604 | 1,037 | ' |
Other Loans [Member] | FUSB [Member] | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' |
Total loans | 604 | 1,037 | ' |
Allowance for loan losses | 13 | 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 $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Segment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Number of portfolio segments | 8 | ' |
Related party loans and commitments | $3,600,000 | $2,500,000 |
New loans to parties | 1,700,000 | 300,000 |
Repayments of loan | 0 | 700,000 |
Loans totaling excluded no longer related parties | 600,000 | ' |
Accrued interest on loans, discontinued amount | 10,565,000 | 23,618,000 |
Accrued interest on loans | 600,000 | 1,100,000 |
Interest income actually recorded | 100,000 | 200,000 |
Accruing loans past due 90 days or more amounted | 1,700,000 | 1,600,000 |
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 | 5,700,000 | 12,400,000 |
Repayments of loans | 2,000,000 | 100,000 |
Troubled debt restructuring evaluated impairment | 500,000 | ' |
Allowance for loans losses | 800,000 | 6,300,000 |
Minimum [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Loan amount threshold for impairment analysis | $500,000 | ' |
Real Estate [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Percentage of loan portfolio | 69.20% | 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 | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | $19,278 | ' | ' | ' | ' | $19,278 | ' | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | -1,441 | 240 | 53 | 506 | 1,163 | 492 | 468 | 2,215 | -642 | 4,338 | 18,800 |
Ending balance | 9,396 | ' | ' | ' | 19,278 | ' | ' | ' | 9,396 | 19,278 | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 315,433 | ' | ' | ' | 361,779 | ' | ' | ' | 315,433 | 361,779 | ' |
Other Loans [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 604 | ' | ' | ' | 1,037 | ' | ' | ' | 604 | 1,037 | ' |
FUSB [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 15,765 | ' | ' | ' | 18,691 | 15,765 | 18,691 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 9,627 | 5,087 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 2,996 | 867 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | -2,862 | 1,294 | ' |
Ending balance | 6,272 | ' | ' | ' | 15,765 | ' | ' | ' | 6,272 | 15,765 | ' |
Ending balance individually evaluated for impairment | 3,069 | ' | ' | ' | 11,224 | ' | ' | ' | 3,069 | 11,224 | ' |
Ending balance collectively evaluated for impairment | 3,203 | ' | ' | ' | 4,541 | ' | ' | ' | 3,203 | 4,541 | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 239,874 | ' | ' | ' | 281,731 | ' | ' | ' | 239,874 | 281,731 | ' |
Ending balance individually evaluated for impairment | 32,551 | ' | ' | ' | 54,303 | ' | ' | ' | 32,551 | 54,303 | ' |
Ending balance collectively evaluated for impairment | 207,323 | ' | ' | ' | 227,428 | ' | ' | ' | 207,323 | 227,428 | ' |
FUSB [Member] | Commercial Loans [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 977 | ' | ' | ' | 889 | 977 | 889 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 537 | 1,278 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 141 | 156 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | 11 | 1,210 | ' |
Ending balance | 592 | ' | ' | ' | 977 | ' | ' | ' | 592 | 977 | ' |
Ending balance individually evaluated for impairment | 219 | ' | ' | ' | 406 | ' | ' | ' | 219 | 406 | ' |
Ending balance collectively evaluated for impairment | 373 | ' | ' | ' | 571 | ' | ' | ' | 373 | 571 | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 37,772 | ' | ' | ' | 42,903 | ' | ' | ' | 37,772 | 42,903 | ' |
Ending balance individually evaluated for impairment | 753 | ' | ' | ' | 1,085 | ' | ' | ' | 753 | 1,085 | ' |
Ending balance collectively evaluated for impairment | 37,019 | ' | ' | ' | 41,818 | ' | ' | ' | 37,019 | 41,818 | ' |
FUSB [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 14,216 | ' | ' | ' | 16,533 | 14,216 | 16,533 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 8,055 | 3,395 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 2,747 | 606 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | -4,056 | 472 | ' |
Ending balance | 4,852 | ' | ' | ' | 14,216 | ' | ' | ' | 4,852 | 14,216 | ' |
Ending balance individually evaluated for impairment | 2,839 | ' | ' | ' | 10,818 | ' | ' | ' | 2,839 | 10,818 | ' |
Ending balance collectively evaluated for impairment | 2,013 | ' | ' | ' | 3,398 | ' | ' | ' | 2,013 | 3,398 | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 156,634 | ' | ' | ' | 184,858 | ' | ' | ' | 156,634 | 184,858 | ' |
Ending balance individually evaluated for impairment | 28,813 | ' | ' | ' | 52,893 | ' | ' | ' | 28,813 | 52,893 | ' |
Ending balance collectively evaluated for impairment | 127,821 | ' | ' | ' | 131,965 | ' | ' | ' | 127,821 | 131,965 | ' |
FUSB [Member] | Consumer [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 168 | ' | ' | ' | 306 | 168 | 306 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 350 | 199 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 96 | 79 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | 266 | -18 | ' |
Ending balance | 180 | ' | ' | ' | 168 | ' | ' | ' | 180 | 168 | ' |
Ending balance collectively evaluated for impairment | 180 | ' | ' | ' | 168 | ' | ' | ' | 180 | 168 | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 9,886 | ' | ' | ' | 14,483 | ' | ' | ' | 9,886 | 14,483 | ' |
Ending balance collectively evaluated for impairment | 9,886 | ' | ' | ' | 14,483 | ' | ' | ' | 9,886 | 14,483 | ' |
FUSB [Member] | Residential Real Estate [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 338 | ' | ' | ' | 684 | 338 | 684 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 685 | 199 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 8 | 24 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | 974 | -171 | ' |
Ending balance | 635 | ' | ' | ' | 338 | ' | ' | ' | 635 | 338 | ' |
Ending balance individually evaluated for impairment | 11 | ' | ' | ' | ' | ' | ' | ' | 11 | ' | ' |
Ending balance collectively evaluated for impairment | 624 | ' | ' | ' | 338 | ' | ' | ' | 624 | 338 | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 34,978 | ' | ' | ' | 38,450 | ' | ' | ' | 34,978 | 38,450 | ' |
Ending balance individually evaluated for impairment | 2,985 | ' | ' | ' | 325 | ' | ' | ' | 2,985 | 325 | ' |
Ending balance collectively evaluated for impairment | 31,993 | ' | ' | ' | 38,125 | ' | ' | ' | 31,993 | 38,125 | ' |
FUSB [Member] | Other Loans [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 66 | ' | ' | ' | 78 | 66 | 78 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 4 | 2 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | -57 | 2 | ' |
Ending balance | 13 | ' | ' | ' | 66 | ' | ' | ' | 13 | 66 | ' |
Ending balance collectively evaluated for impairment | 13 | ' | ' | ' | 66 | ' | ' | ' | 13 | 66 | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 604 | ' | ' | ' | 1,037 | ' | ' | ' | 604 | 1,037 | ' |
Ending balance collectively evaluated for impairment | 604 | ' | ' | ' | 1,037 | ' | ' | ' | 604 | 1,037 | ' |
FUSB [Member] | Unallocated [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | ' | ' | ' | ' | 201 | ' | 201 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | ' | -201 | ' |
ALC [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 3,513 | ' | ' | ' | 3,576 | 3,513 | 3,576 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 3,504 | 3,962 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 895 | 855 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | 2,220 | 3,044 | ' |
Ending balance | 3,124 | ' | ' | ' | 3,513 | ' | ' | ' | 3,124 | 3,513 | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | 3,124 | ' | ' | ' | 3,513 | ' | ' | ' | 3,124 | 3,513 | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 75,559 | ' | ' | ' | 80,048 | ' | ' | ' | 75,559 | 80,048 | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | 75,559 | ' | ' | ' | 80,048 | ' | ' | ' | 75,559 | 80,048 | ' |
ALC [Member] | Commercial Loans [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
ALC [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
ALC [Member] | Consumer [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 2,733 | ' | ' | ' | 2,542 | 2,733 | 2,542 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 2,979 | 3,249 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 874 | 815 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | 2,039 | 2,625 | ' |
Ending balance | 2,667 | ' | ' | ' | 2,733 | ' | ' | ' | 2,667 | 2,733 | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | 2,667 | ' | ' | ' | 2,733 | ' | ' | ' | 2,667 | 2,733 | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 48,938 | ' | ' | ' | 47,001 | ' | ' | ' | 48,938 | 47,001 | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | 48,938 | ' | ' | ' | 47,001 | ' | ' | ' | 48,938 | 47,001 | ' |
ALC [Member] | Residential Real Estate [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 780 | ' | ' | ' | 1,034 | 780 | 1,034 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 525 | 713 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 21 | 40 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | 181 | 419 | ' |
Ending balance | 457 | ' | ' | ' | 780 | ' | ' | ' | 457 | 780 | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | 457 | ' | ' | ' | 780 | ' | ' | ' | 457 | 780 | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 26,621 | ' | ' | ' | 33,047 | ' | ' | ' | 26,621 | 33,047 | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | 26,621 | ' | ' | ' | 33,047 | ' | ' | ' | 26,621 | 33,047 | ' |
ALC [Member] | Other Loans [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
ALC [Member] | Unallocated [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
FUSB & ALC [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 19,278 | ' | ' | ' | 22,267 | 19,278 | 22,267 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 13,131 | 9,049 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 3,891 | 1,722 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | -642 | 4,338 | ' |
Ending balance | 9,396 | ' | ' | ' | 19,278 | ' | ' | ' | 9,396 | 19,278 | ' |
Ending balance individually evaluated for impairment | 3,069 | ' | ' | ' | 11,224 | ' | ' | ' | 3,069 | 11,224 | ' |
Ending balance collectively evaluated for impairment | 6,327 | ' | ' | ' | 8,054 | ' | ' | ' | 6,327 | 8,054 | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 315,433 | ' | ' | ' | 361,779 | ' | ' | ' | 315,433 | 361,779 | ' |
Ending balance individually evaluated for impairment | 32,551 | ' | ' | ' | 54,303 | ' | ' | ' | 32,551 | 54,303 | ' |
Ending balance collectively evaluated for impairment | 282,882 | ' | ' | ' | 307,476 | ' | ' | ' | 282,882 | 307,476 | ' |
FUSB & ALC [Member] | Commercial Loans [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 977 | ' | ' | ' | 889 | 977 | 889 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 537 | 1,278 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 141 | 156 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | 11 | 1,210 | ' |
Ending balance | 592 | ' | ' | ' | 977 | ' | ' | ' | 592 | 977 | ' |
Ending balance individually evaluated for impairment | 219 | ' | ' | ' | 406 | ' | ' | ' | 219 | 406 | ' |
Ending balance collectively evaluated for impairment | 373 | ' | ' | ' | 571 | ' | ' | ' | 373 | 571 | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 37,772 | ' | ' | ' | 42,903 | ' | ' | ' | 37,772 | 42,903 | ' |
Ending balance individually evaluated for impairment | 753 | ' | ' | ' | 1,085 | ' | ' | ' | 753 | 1,085 | ' |
Ending balance collectively evaluated for impairment | 37,019 | ' | ' | ' | 41,818 | ' | ' | ' | 37,019 | 41,818 | ' |
FUSB & ALC [Member] | Commercial Real Estate [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 14,216 | ' | ' | ' | 16,533 | 14,216 | 16,533 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 8,055 | 3,395 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 2,747 | 606 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | -4,056 | 472 | ' |
Ending balance | 4,852 | ' | ' | ' | 14,216 | ' | ' | ' | 4,852 | 14,216 | ' |
Ending balance individually evaluated for impairment | 2,839 | ' | ' | ' | 10,818 | ' | ' | ' | 2,839 | 10,818 | ' |
Ending balance collectively evaluated for impairment | 2,013 | ' | ' | ' | 3,398 | ' | ' | ' | 2,013 | 3,398 | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 156,634 | ' | ' | ' | 184,858 | ' | ' | ' | 156,634 | 184,858 | ' |
Ending balance individually evaluated for impairment | 28,813 | ' | ' | ' | 52,893 | ' | ' | ' | 28,813 | 52,893 | ' |
Ending balance collectively evaluated for impairment | 127,821 | ' | ' | ' | 131,965 | ' | ' | ' | 127,821 | 131,965 | ' |
FUSB & ALC [Member] | Consumer [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 2,901 | ' | ' | ' | 2,848 | 2,901 | 2,848 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 3,329 | 3,448 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 970 | 894 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | 2,305 | 2,607 | ' |
Ending balance | 2,847 | ' | ' | ' | 2,901 | ' | ' | ' | 2,847 | 2,901 | ' |
Ending balance collectively evaluated for impairment | 2,847 | ' | ' | ' | 2,901 | ' | ' | ' | 2,847 | 2,901 | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 58,824 | ' | ' | ' | 61,484 | ' | ' | ' | 58,824 | 61,484 | ' |
Ending balance collectively evaluated for impairment | 58,824 | ' | ' | ' | 61,484 | ' | ' | ' | 58,824 | 61,484 | ' |
FUSB & ALC [Member] | Residential Real Estate [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 1,118 | ' | ' | ' | 1,718 | 1,118 | 1,718 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | 1,210 | 912 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 29 | 64 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | 1,155 | 248 | ' |
Ending balance | 1,092 | ' | ' | ' | 1,118 | ' | ' | ' | 1,092 | 1,118 | ' |
Ending balance individually evaluated for impairment | 11 | ' | ' | ' | ' | ' | ' | ' | 11 | ' | ' |
Ending balance collectively evaluated for impairment | 1,081 | ' | ' | ' | 1,118 | ' | ' | ' | 1,081 | 1,118 | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 61,599 | ' | ' | ' | 71,497 | ' | ' | ' | 61,599 | 71,497 | ' |
Ending balance individually evaluated for impairment | 2,985 | ' | ' | ' | 325 | ' | ' | ' | 2,985 | 325 | ' |
Ending balance collectively evaluated for impairment | 58,614 | ' | ' | ' | 71,172 | ' | ' | ' | 58,614 | 71,172 | ' |
FUSB & ALC [Member] | Other Loans [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | 66 | ' | ' | ' | 78 | 66 | 78 | ' |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16 | ' |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 4 | 2 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | -57 | 2 | ' |
Ending balance | 13 | ' | ' | ' | 66 | ' | ' | ' | 13 | 66 | ' |
Ending balance collectively evaluated for impairment | 13 | ' | ' | ' | 66 | ' | ' | ' | 13 | 66 | ' |
Loan receivables: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | 604 | ' | ' | ' | 1,037 | ' | ' | ' | 604 | 1,037 | ' |
Ending balance collectively evaluated for impairment | 604 | ' | ' | ' | 1,037 | ' | ' | ' | 604 | 1,037 | ' |
FUSB & ALC [Member] | Unallocated [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for loan losses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | ' | ' | ' | ' | 201 | ' | 201 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($201) | ' |
Loans_and_Allowance_for_Loan_L5
Loans and Allowance for Loan Losses - Schedule of Carrying Amount of Loans by Credit Quality Indicator (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | $315,433 | $361,779 |
Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 11,348 | 30,635 |
Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 61,599 | 71,497 |
Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 22,095 | 24,187 |
Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 122,430 | 129,235 |
Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 761 | 801 |
Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 37,772 | 42,903 |
Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 58,824 | 61,484 |
Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 604 | 1,037 |
FUSB [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 239,874 | 281,731 |
FUSB [Member] | Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 11,348 | 30,635 |
FUSB [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 34,978 | 38,450 |
FUSB [Member] | Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 22,095 | 24,187 |
FUSB [Member] | Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 122,430 | 129,235 |
FUSB [Member] | Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 761 | 801 |
FUSB [Member] | Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 37,772 | 42,903 |
FUSB [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 9,886 | 14,483 |
FUSB [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 604 | 1,037 |
FUSB [Member] | Pass 1-4 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 182,394 | 201,178 |
FUSB [Member] | Pass 1-4 [Member] | Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 3,992 | 12,653 |
FUSB [Member] | Pass 1-4 [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 29,295 | 31,772 |
FUSB [Member] | Pass 1-4 [Member] | Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 14,569 | 10,776 |
FUSB [Member] | Pass 1-4 [Member] | Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 92,880 | 90,139 |
FUSB [Member] | Pass 1-4 [Member] | Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 761 | 801 |
FUSB [Member] | Pass 1-4 [Member] | Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 31,164 | 40,607 |
FUSB [Member] | Pass 1-4 [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 9,133 | 13,394 |
FUSB [Member] | Pass 1-4 [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 600 | 1,036 |
FUSB [Member] | Special Mention 5 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 14,475 | 15,150 |
FUSB [Member] | Special Mention 5 [Member] | Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 793 | 1,235 |
FUSB [Member] | Special Mention 5 [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 1,497 | 1,546 |
FUSB [Member] | Special Mention 5 [Member] | Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | 3,132 |
FUSB [Member] | Special Mention 5 [Member] | Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 11,904 | 8,630 |
FUSB [Member] | Special Mention 5 [Member] | Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 175 | 419 |
FUSB [Member] | Special Mention 5 [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 105 | 188 |
FUSB [Member] | Special Mention 5 [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 1 | ' |
FUSB [Member] | Substandard 6 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 42,930 | 65,403 |
FUSB [Member] | Substandard 6 [Member] | Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 6,563 | 16,747 |
FUSB [Member] | Substandard 6 [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 4,162 | 5,132 |
FUSB [Member] | Substandard 6 [Member] | Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 7,526 | 10,279 |
FUSB [Member] | Substandard 6 [Member] | Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 17,595 | 30,466 |
FUSB [Member] | Substandard 6 [Member] | Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 6,433 | 1,877 |
FUSB [Member] | Substandard 6 [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 648 | 901 |
FUSB [Member] | Substandard 6 [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 3 | 1 |
FUSB [Member] | Doubtful 7 [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 75 | ' |
FUSB [Member] | Doubtful 7 [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 24 | ' |
FUSB [Member] | Doubtful 7 [Member] | Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 51 | ' |
ALC [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 75,559 | 80,048 |
ALC [Member] | Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | ' |
ALC [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 26,621 | 33,047 |
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] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 48,938 | 47,001 |
ALC [Member] | Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | ' | ' |
ALC [Member] | Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 73,705 | 78,211 |
ALC [Member] | Performing [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 26,061 | 32,036 |
ALC [Member] | Performing [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 47,644 | 46,175 |
ALC [Member] | Nonperforming [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 1,854 | 1,837 |
ALC [Member] | Nonperforming [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | 560 | 1,011 |
ALC [Member] | Nonperforming [Member] | Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Ending balance | $1,294 | $826 |
Loans_and_Allowance_for_Loan_L6
Loans and Allowance for Loan Losses - Schedule of Aging Analysis of Past Due Loans (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | $315,433 | $361,779 |
Accruing loans past due 90 days or more amounted | 1,700 | 1,600 |
Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 11,348 | 30,635 |
Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 61,599 | 71,497 |
Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 22,095 | 24,187 |
Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 122,430 | 129,235 |
Other [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 761 | 801 |
Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 37,772 | 42,903 |
Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 58,824 | 61,484 |
Other Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 604 | 1,037 |
FUSB [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 2,004 | 2,529 |
60-89 Days Past Due | 285 | 1,878 |
Greater than 90 Days | 10,035 | 19,795 |
Total Past Due | 12,324 | 24,202 |
Current | 227,550 | 257,529 |
Total loans | 239,874 | 281,731 |
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 | ' | 456 |
60-89 Days Past Due | 38 | 1,126 |
Greater than 90 Days | 2,000 | 10,329 |
Total Past Due | 2,038 | 11,911 |
Current | 9,310 | 18,724 |
Total loans | 11,348 | 30,635 |
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 | 271 | 1,027 |
60-89 Days Past Due | 154 | 572 |
Greater than 90 Days | 1,801 | 1,106 |
Total Past Due | 2,226 | 2,705 |
Current | 32,752 | 35,745 |
Total loans | 34,978 | 38,450 |
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 | 2,884 |
Total Past Due | 1,286 | 2,884 |
Current | 20,809 | 21,303 |
Total loans | 22,095 | 24,187 |
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 | 719 | 210 |
60-89 Days Past Due | 93 | 32 |
Greater than 90 Days | 4,434 | 4,930 |
Total Past Due | 5,246 | 5,172 |
Current | 117,184 | 124,063 |
Total loans | 122,430 | 129,235 |
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 | 761 | 801 |
Total loans | 761 | 801 |
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 | 902 | 429 |
60-89 Days Past Due | ' | 59 |
Greater than 90 Days | 480 | 480 |
Total Past Due | 1,382 | 968 |
Current | 36,390 | 41,935 |
Total loans | 37,772 | 42,903 |
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 | 101 | 407 |
60-89 Days Past Due | ' | 89 |
Greater than 90 Days | 26 | 66 |
Total Past Due | 127 | 562 |
Current | 9,759 | 13,921 |
Total loans | 9,886 | 14,483 |
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 | 11 | ' |
60-89 Days Past Due | ' | ' |
Greater than 90 Days | 8 | ' |
Total Past Due | 19 | ' |
Current | 585 | 1,037 |
Total loans | 604 | 1,037 |
Accruing loans past due 90 days or more amounted | ' | ' |
ALC [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 1,087 | 1,337 |
60-89 Days Past Due | 740 | 782 |
Greater than 90 Days | 1,765 | 2,234 |
Total Past Due | 3,592 | 4,353 |
Current | 71,967 | 75,695 |
Total loans | 75,559 | 80,048 |
Accruing loans past due 90 days or more amounted | 1,661 | 1,571 |
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 | 403 | 348 |
60-89 Days Past Due | 143 | 173 |
Greater than 90 Days | 507 | 1,075 |
Total Past Due | 1,053 | 1,596 |
Current | 25,568 | 31,451 |
Total loans | 26,621 | 33,047 |
Accruing loans past due 90 days or more amounted | 409 | 851 |
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 | 684 | 989 |
60-89 Days Past Due | 597 | 609 |
Greater than 90 Days | 1,258 | 1,159 |
Total Past Due | 2,539 | 2,757 |
Current | 46,399 | 44,244 |
Total loans | 48,938 | 47,001 |
Accruing loans past due 90 days or more amounted | 1,252 | 720 |
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 | ' | ' |
Loans_and_Allowance_for_Loan_L7
Loans and Allowance for Loan Losses - Schedule of Analysis of Non-Accruing Loans (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | $10,565 | $23,618 |
Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 2,337 | 11,456 |
Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 1,952 | 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 | 4,435 | 5,809 |
Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | 479 | 822 |
Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Total loans | $76 | $206 |
Loans_and_Allowance_for_Loan_L8
Loans and Allowance for Loan Losses - Schedule of Carrying Amount of Impaired Loans (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | $315,433 | $361,779 |
Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 11,348 | 30,635 |
Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 61,599 | 71,497 |
Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 22,095 | 24,187 |
Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 122,430 | 129,235 |
Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 37,772 | 42,903 |
Impaired Loans with No Related Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 18,124 | 28,123 |
Unpaid Principal Balance | 18,124 | 28,123 |
Related Allowances | ' | ' |
Impaired Loans with No Related Allowance Recorded [Member] | Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 4,590 | 2,645 |
Unpaid Principal Balance | 4,590 | 2,645 |
Related Allowances | ' | ' |
Impaired Loans with No Related Allowance Recorded [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 103 | 325 |
Unpaid Principal Balance | 103 | 325 |
Related Allowances | ' | ' |
Impaired Loans with No Related Allowance Recorded [Member] | Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 1,053 | 3,027 |
Unpaid Principal Balance | 1,053 | 3,027 |
Related Allowances | ' | ' |
Impaired Loans with No Related Allowance Recorded [Member] | Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 11,844 | 21,471 |
Unpaid Principal Balance | 11,844 | 21,471 |
Related Allowances | ' | ' |
Impaired Loans with No Related Allowance Recorded [Member] | Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 534 | 655 |
Unpaid Principal Balance | 534 | 655 |
Related Allowances | ' | ' |
Impaired Loans with an Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 14,661 | 26,180 |
Unpaid Principal Balance | 14,661 | 26,180 |
Related Allowances | 3,302 | 11,224 |
Impaired Loans with an Allowance Recorded [Member] | Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 1,407 | 12,658 |
Unpaid Principal Balance | 1,407 | 12,658 |
Related Allowances | 232 | 7,453 |
Impaired Loans with an Allowance Recorded [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 185 | ' |
Unpaid Principal Balance | 185 | ' |
Related Allowances | 11 | ' |
Impaired Loans with an Allowance Recorded [Member] | Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 6,474 | 7,252 |
Unpaid Principal Balance | 6,474 | 7,252 |
Related Allowances | 2,005 | 1,865 |
Impaired Loans with an Allowance Recorded [Member] | Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 6,376 | 5,840 |
Unpaid Principal Balance | 6,376 | 5,840 |
Related Allowances | 835 | 1,500 |
Impaired Loans with an Allowance Recorded [Member] | Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 219 | 430 |
Unpaid Principal Balance | 219 | 430 |
Related Allowances | 219 | 406 |
Impaired Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 32,785 | 54,303 |
Unpaid Principal Balance | 32,785 | 54,303 |
Related Allowances | 3,302 | 11,224 |
Impaired Loans [Member] | Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 5,997 | 15,303 |
Unpaid Principal Balance | 5,997 | 15,303 |
Related Allowances | 232 | 7,453 |
Impaired Loans [Member] | Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 288 | 325 |
Unpaid Principal Balance | 288 | 325 |
Related Allowances | 11 | ' |
Impaired Loans [Member] | Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 7,527 | 10,279 |
Unpaid Principal Balance | 7,527 | 10,279 |
Related Allowances | 2,005 | 1,865 |
Impaired Loans [Member] | Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 18,220 | 27,311 |
Unpaid Principal Balance | 18,220 | 27,311 |
Related Allowances | 835 | 1,500 |
Impaired Loans [Member] | Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Carrying Amount | 753 | 1,085 |
Unpaid Principal Balance | 753 | 1,085 |
Related Allowances | $219 | $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 $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Financing Receivable, Impaired [Line Items] | ' | ' |
Average Recorded Investment | $42,501 | $54,220 |
Interest Income Recognized | 1,573 | 2,529 |
Interest Income Received | 1,601 | 2,582 |
Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Average Recorded Investment | 10,249 | 18,283 |
Interest Income Recognized | 177 | 546 |
Interest Income Received | 179 | 598 |
Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Average Recorded Investment | 303 | 146 |
Interest Income Recognized | 7 | 10 |
Interest Income Received | 7 | 9 |
Secured by Multi-family Residential Properties [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Average Recorded Investment | 8,690 | 4,942 |
Interest Income Recognized | 438 | 483 |
Interest Income Received | 446 | 455 |
Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Average Recorded Investment | 22,272 | 29,627 |
Interest Income Recognized | 918 | 1,452 |
Interest Income Received | 935 | 1,478 |
Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Average Recorded Investment | 987 | 1,222 |
Interest Income Recognized | 33 | 38 |
Interest Income Received | $34 | $42 |
Recovered_Sheet1
Loans and Allowance for Loan Losses - Schedule of Number of Loans Modified Troubled Debt Restructuring by Loan Portfolio (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
SecurityLoan | SecurityLoan | |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 40 | 24 |
Pre-Modification Outstanding Principal Balance | $12,025 | $14,054 |
Post-Modification Principal Balance | 7,666 | 12,516 |
Subsequent default number of loans | 6 | 10 |
Recorded Investment | 1,639 | 7,563 |
Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 10 | 10 |
Pre-Modification Outstanding Principal Balance | 7,551 | 11,267 |
Post-Modification Principal Balance | 3,837 | 9,988 |
Subsequent default number of loans | 2 | 6 |
Recorded Investment | 566 | 7,062 |
Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 17 | 4 |
Pre-Modification Outstanding Principal Balance | 1,375 | 596 |
Post-Modification Principal Balance | 1,067 | 586 |
Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 9 | 6 |
Pre-Modification Outstanding Principal Balance | 2,683 | 1,811 |
Post-Modification Principal Balance | 2,418 | 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 | 4 | 4 |
Pre-Modification Outstanding Principal Balance | 416 | 380 |
Post-Modification Principal Balance | 344 | 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 Troubled Debt Restructuring (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Principal Balance | $7,666 | $12,516 |
Change | -4,850 | ' |
Construction, Land Development and Other Land Loans [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Principal Balance | 3,837 | 9,988 |
Change | -6,151 | ' |
Secured by 1-4 Family Residential Properties [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Principal Balance | 1,067 | 586 |
Change | 481 | ' |
Secured by Non-farm, Non-residential Properties [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Principal Balance | 2,418 | 1,586 |
Change | 832 | ' |
Commercial Loans [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Post-Modification Principal Balance | 344 | 356 |
Change | ($12) | ' |
Other_Real_Estate_Owned_Summar
Other Real Estate Owned - Summary of Foreclosed Property Activity (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Beginning balance | $13,286 | $16,774 |
Transfers from loans | 2,396 | 7,368 |
Sales proceeds | -4,020 | -5,991 |
Gross gains | 96 | 105 |
Gross losses | -944 | -1,388 |
Net losses | -848 | -1,283 |
Impairment | -1,504 | -3,582 |
Ending balance | 9,310 | 13,286 |
FUSB [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Beginning balance | 11,089 | 12,606 |
Transfers from loans | 1,859 | 6,611 |
Sales proceeds | -3,051 | -4,514 |
Gross gains | 69 | 42 |
Gross losses | -215 | -663 |
Net losses | -146 | -621 |
Impairment | -1,288 | -2,993 |
Ending balance | 8,463 | 11,089 |
ALC [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Beginning balance | 2,197 | 4,168 |
Transfers from loans | 537 | 757 |
Sales proceeds | -969 | -1,477 |
Gross gains | 27 | 63 |
Gross losses | -729 | -725 |
Net losses | -702 | -662 |
Impairment | -216 | -589 |
Ending balance | $847 | $2,197 |
Other_Real_Estate_Owned_Additi
Other Real Estate Owned - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2013 | |
Real Estate [Abstract] | ' |
Maximum period for recording the adjustments to loan losses | '60 days |
Premises_and_Equipment_Summary
Premises and Equipment - Summary of Premises and Equipment and their Depreciable Lives (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Gross, Total | $27,106 | $26,663 |
Less accumulated depreciation | -18,178 | -17,760 |
Total | 8,928 | 8,903 |
Land [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Gross, Total | 2,003 | 2,003 |
Premises (40 Years) [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Gross, Total | 12,408 | 12,176 |
Furniture, Fixtures, and Equipment (3-7 Years) [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Gross, Total | $12,695 | $12,484 |
Premises_and_Equipment_Summary1
Premises and Equipment - Summary of Premises and Equipment and their Depreciable Lives (Parenthetical) (Detail) | 12 Months Ended |
Dec. 31, 2013 | |
Premises (40 Years) [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful lives for all premises and equipment | '40 years |
Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful lives for all premises and equipment | '3 years |
Minimum [Member] | Furniture, Fixtures, and Equipment (3-7 Years) [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful lives for all premises and equipment | '3 years |
Maximum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful lives for all premises and equipment | '30 years |
Maximum [Member] | Furniture, Fixtures, and Equipment (3-7 Years) [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Useful lives for all premises and equipment | '7 years |
Premises_and_Equipment_Additio
Premises and Equipment - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Property Plant And Equipment [Abstract] | ' | ' |
Depreciation expense | $717 | $715 |
Investment_in_Limited_Partners1
Investment in Limited Partnerships - Additional Information (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Schedule of Equity Method Investments [Line Items] | ' | ' |
Consolidated VIE limited partnership interest | 99.90% | ' |
Total assets recorded due to consolidation | $53,000 | $70,000 |
Net Income | 26,000 | 70,000 |
Maximum exposure to future loss related to limited partnerships recorded investment | 800,000 | 800,000 |
Remaining cash commitments | 0 | ' |
Maximum [Member] | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' |
Loss attributable to noncotrolling interest | $1,000 | $1,000 |
Deposit_Scheduled_Maturities_o
Deposit - Scheduled Maturities of the Bank's Time Deposits (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Banking And Thrift [Abstract] | ' |
2014 | $137,052 |
2015 | 37,974 |
2016 | 18,709 |
2017 | 12,818 |
2018 and Thereafter | 5,171 |
Total | $211,724 |
Deposits_Additional_Informatio
Deposits - Additional Information (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Banking And Thrift [Abstract] | ' | ' |
Brokered certificates of deposit | $15.20 | $21.90 |
Deposits from related parties | $3.90 | $4.10 |
ShortTerm_Borrowings_Additiona
Short-Term Borrowings - Additional Information (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 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 | 1,231,000 | 638,000 | ' | ' |
Available fund lines from correspondent banks | $18,800,000 | ' | ' | ' |
LongTerm_Debt_Additional_Infor
Long-Term Debt - Additional Information (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Advance | ||
Debt Disclosure [Abstract] | ' | ' |
Advances outstanding to secure borrowings | $5,000,000 | $0 |
Assets pledged | 5,100,000 | 0 |
Number of FHLB Advance | 1 | ' |
FHLB advance rate | 0.57% | ' |
Maturity period of FHLB advance | '2015-08 | ' |
FHLB advances | ' | 0 |
Available credit from the FHLB | $165,900,000 | ' |
LongTerm_Debt_Summary_of_Infor
Long-Term Debt - Summary of Information Concerning FHLB Advances and Other Borrowings (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Debt Disclosure [Abstract] | ' | ' |
Balance at year-end | $5,000 | $0 |
Average balance during the year | 1,890 | 4,918 |
Maximum month-end balance during the year | $5,000 | $20,000 |
Average rate paid during the year | 0.58% | 2.30% |
Weighted average remaining maturity | '1 year 8 months 1 day | ' |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Income Tax Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized tax benefits | $0 | ' | ' | ' | ' | ' | ' | ' | $0 | ' | ' |
Accrued interest and penalties | 0 | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' |
Federal statutory income tax rate | ' | ' | ' | ' | ' | ' | ' | ' | 34.00% | ' | ' |
Net deferred tax assets | 10,787,000 | ' | ' | ' | 9,529,000 | ' | ' | ' | 10,787,000 | 9,529,000 | ' |
Net deferred tax asset related to provision for loan losses | 3,556,000 | ' | ' | ' | 7,321,000 | ' | ' | ' | 3,556,000 | 7,321,000 | ' |
Impairment of OREO | 3,100,000 | ' | ' | ' | 2,300,000 | ' | ' | ' | 3,100,000 | 2,300,000 | ' |
Carryover of federal and state net operating losses | 2,700,000 | ' | ' | ' | ' | ' | ' | ' | 2,700,000 | ' | ' |
Deferred compensation | 1,608,000 | ' | ' | ' | 1,543,000 | ' | ' | ' | 1,608,000 | 1,543,000 | ' |
Period of positive earnings | ' | ' | ' | ' | ' | ' | ' | ' | '18 years | ' | ' |
Period of historical earning | ' | ' | ' | ' | ' | ' | ' | ' | '20 years | ' | ' |
Tier 1 leverage ratio | 10.88% | ' | ' | ' | ' | ' | ' | ' | 10.88% | ' | ' |
Minimum standard to be considered well capitalized under regulatory guidelines | 5.00% | ' | ' | ' | ' | ' | ' | ' | 5.00% | ' | ' |
Total risk based capital ratio | 19.20% | ' | ' | ' | ' | ' | ' | ' | 19.20% | ' | ' |
Minimum standard to be considered well capitalized | 10.00% | ' | ' | ' | ' | ' | ' | ' | 10.00% | ' | ' |
Gross unrealized pre-tax gains | ' | ' | ' | ' | ' | ' | ' | ' | 2,400,000 | ' | ' |
Cumulative loss position period | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | ' | ' |
Cumulative continuing operations pre-tax loss position | ' | ' | ' | ' | ' | ' | ' | ' | 2,600,000 | ' | ' |
Cumulative loss resulted from the unprecedented provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 22,500,000 | ' | ' |
Reduction in reserve | 600,000 | ' | ' | ' | ' | ' | ' | ' | 600,000 | ' | ' |
Provision for loan losses | -1,441,000 | 240,000 | 53,000 | 506,000 | 1,163,000 | 492,000 | 468,000 | 2,215,000 | -642,000 | 4,338,000 | 18,800,000 |
Real Estate Investment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Tax Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan loss provision expensed | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,100,000 | ' |
Percentage of loan loss provision expensed | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% | ' |
Federal Tax [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Tax Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income tax carryforward period | ' | ' | ' | ' | ' | ' | ' | ' | '20 years | ' | ' |
State Tax [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Tax Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income tax carryforward period | ' | ' | ' | ' | ' | ' | ' | ' | '8 years | ' | ' |
Income_Taxes_Consolidated_Prov
Income Taxes - Consolidated Provisions for (Benefits from) Income Taxes (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Federal | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current | ' | ' | ' | ' | ' | ' | ' | ' | $971 | ($381) |
Deferred | ' | ' | ' | ' | ' | ' | ' | ' | 245 | 830 |
Total | ' | ' | ' | ' | ' | ' | ' | ' | 1,216 | 449 |
State | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current | ' | ' | ' | ' | ' | ' | ' | ' | 230 | 126 |
Deferred | ' | ' | ' | ' | ' | ' | ' | ' | 63 | 170 |
Total | ' | ' | ' | ' | ' | ' | ' | ' | 293 | 296 |
Total | $303 | $350 | $512 | $344 | $588 | $517 | $622 | ($982) | $1,509 | $745 |
Income_Taxes_Schedule_of_Effec
Income Taxes - Schedule of Effective Income Tax Rate (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income tax expense at federal statutory rate | ' | ' | ' | ' | ' | ' | ' | ' | $1,848 | $1,000 |
Increase (decrease) resulting from: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Tax-exempt interest | ' | ' | ' | ' | ' | ' | ' | ' | -394 | -375 |
State income tax expense, net of federal income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 190 | 102 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | -135 | 18 |
Total | $303 | $350 | $512 | $344 | $588 | $517 | $622 | ($982) | $1,509 | $745 |
Income_Taxes_Effects_of_Tempor
Income Taxes - Effects of Temporary Differences of Deferred Tax Assets and Deferred Tax Liabilities (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deferred tax assets: | ' | ' |
Allowance for loan losses | $3,556 | $7,321 |
Accrued vacation | 66 | 69 |
Deferred compensation | 1,608 | 1,543 |
Deferred commissions and fees | 269 | 420 |
Goodwill amortization | 104 | 147 |
Impairment OREO | 3,103 | 2,254 |
Federal NOL carryover | 2,135 | ' |
State NOL carryover | 568 | 205 |
Federal AMT & general business credits carryover | 216 | 155 |
Other | 42 | 44 |
Total gross deferred tax assets | 11,667 | 12,158 |
Deferred tax liabilities: | ' | ' |
Premises and equipment | 236 | 308 |
Limited Partnerships | 154 | ' |
Unrealized gain on securities available-for-sale | 317 | 1,883 |
Other | 173 | 438 |
Total gross deferred tax liabilities | 880 | 2,629 |
Net deferred tax asset, included in other assets | $10,787 | $9,529 |
Employee_Benefit_Plans_Additio
Employee Benefit Plans - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Postemployment Benefits [Abstract] | ' | ' |
Limit of plan to differ compensation on pre-tax basis | 15.00% | ' |
Contribution on participant's elective deferrals | 100.00% | 100.00% |
Maximum participant's eligible compensation | 4.00% | 4.00% |
Discretionary contributions on behalf of participants | 2.00% | ' |
Contributions to the Plan | $0.30 | $0.30 |
Shares held | 321,814 | 335,349 |
Deferred_Compensation_Plan_Add
Deferred Compensation Plan - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Component Of Long Term Incentive Compensation Costs [Line Items] | ' | ' |
Deferred compensation plan approved date under meeting | 11-May-04 | ' |
Grantor trust shares | 321,814 | 335,349 |
Grantor Trust [Member] | ' | ' |
Component Of Long Term Incentive Compensation Costs [Line Items] | ' | ' |
Deferred compensation obligation to directors and executive officers, included in other liability | 0.6 | 0.6 |
Grantor trust shares | 13,701 | 18,170 |
Directors and Executive Officers [Member] | ' | ' |
Component Of Long Term Incentive Compensation Costs [Line Items] | ' | ' |
Deferred compensation obligation to directors and executive officers, included in other liability | 3.5 | 3.4 |
Shareholders_Equity_Summary_of
Shareholders' Equity - Summary of Actual Capital Amount and Well Capitalized Total Risk-Based, Tier I Risk-Based, and Tier I Leverage Ratios (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total Capital (to Risk Weighted Assets), Adequacy purposes, Ratio | 10.00% | ' |
Total Capital (to Risk Weighted Assets), To be well Capitalized Under Prompt Corrective Action Provisions , Ratio | 19.20% | ' |
Tier I Leverage (to Average Assets), Actual, Ratio | 10.88% | ' |
Tier I Leverage (to Average Assets), Adequacy Purposes, Ratio | 5.00% | ' |
United Security Bancshares, Inc. [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total Capital (to Risk Weighted Assets), Actual, Amount | $64,842 | $63,957 |
Total Capital (to Risk Weighted Assets), Actual, Ratio | 19.20% | 17.05% |
Total Capital (to Risk Weighted Assets), Adequacy purposes, Amount | 27,012 | 30,008 |
Total Capital (to Risk Weighted Assets), Adequacy purposes, Ratio | 8.00% | 8.00% |
Total Capital (to Risk Weighted Assets), To be well Capitalized Under Prompt Corrective Action Provisions , Amount | ' | ' |
Total Capital (to Risk Weighted Assets), To be well Capitalized Under Prompt Corrective Action Provisions , Ratio | ' | ' |
Tier I Capital (to Risk Weighted Assets), Actual, Amount | 60,557 | 59,088 |
Tier I Capital (to Risk Weighted Assets), Actual, Ratio | 17.93% | 15.75% |
Tier I Capital (to Risk Weighted Assets), Adequacy Purposes, Amount | 13,506 | 15,004 |
Tier I Capital (to Risk Weighted Assets), Adequacy Purposes, Ratio | 4.00% | 4.00% |
Tier I Capital (to Risk Weighted Assets), To BE Well Capitalized Under Prompt Corrective Action Provisions, Amount | ' | ' |
Tier I Capital (to Risk Weighted Assets), To BE Well Capitalized Under Prompt Corrective Action Provisions, Ratio | ' | ' |
Tier I Leverage (to Average Assets), Actual, Amount | 60,557 | 59,088 |
Tier I Leverage (to Average Assets), Actual, Ratio | 10.88% | 10.51% |
Tier I Leverage (to Average Assets), Adequacy Purposes, Amount | 16,698 | 16,873 |
Tier I Leverage (to Average Assets), Adequacy Purposes, Ratio | 3.00% | 3.00% |
Tier I Leverage (to Average Assets), To Be Capitalized Under Prompt Corrective Action Provisions, Amount | ' | ' |
Tier I Leverage (to Average Assets), To Be Capitalized Under Prompt Corrective Action Provisions, Ratio | ' | ' |
FUSB [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total Capital (to Risk Weighted Assets), Actual, Amount | 65,304 | 64,422 |
Total Capital (to Risk Weighted Assets), Actual, Ratio | 19.34% | 17.17% |
Total Capital (to Risk Weighted Assets), Adequacy purposes, Amount | 27,012 | 30,008 |
Total Capital (to Risk Weighted Assets), Adequacy purposes, Ratio | 8.00% | 8.00% |
Total Capital (to Risk Weighted Assets), To be well Capitalized Under Prompt Corrective Action Provisions , Amount | 33,765 | 37,510 |
Total Capital (to Risk Weighted Assets), To be well Capitalized Under Prompt Corrective Action Provisions , Ratio | 10.00% | 10.00% |
Tier I Capital (to Risk Weighted Assets), Actual, Amount | 61,019 | 59,553 |
Tier I Capital (to Risk Weighted Assets), Actual, Ratio | 18.07% | 15.88% |
Tier I Capital (to Risk Weighted Assets), Adequacy Purposes, Amount | 13,506 | 15,004 |
Tier I Capital (to Risk Weighted Assets), Adequacy Purposes, Ratio | 4.00% | 4.00% |
Tier I Capital (to Risk Weighted Assets), To BE Well Capitalized Under Prompt Corrective Action Provisions, Amount | 20,259 | 22,506 |
Tier I Capital (to Risk Weighted Assets), To BE Well Capitalized Under Prompt Corrective Action Provisions, Ratio | 6.00% | 6.00% |
Tier I Leverage (to Average Assets), Actual, Amount | 61,019 | 59,553 |
Tier I Leverage (to Average Assets), Actual, Ratio | 10.97% | 10.60% |
Tier I Leverage (to Average Assets), Adequacy Purposes, Amount | 16,691 | 16,862 |
Tier I Leverage (to Average Assets), Adequacy Purposes, Ratio | 3.00% | 3.00% |
Tier I Leverage (to Average Assets), To Be Capitalized Under Prompt Corrective Action Provisions, Amount | $27,819 | $28,104 |
Tier I Leverage (to Average Assets), To Be Capitalized Under Prompt Corrective Action Provisions, Ratio | 5.00% | 5.00% |
Segment_Reporting_Additional_I
Segment Reporting - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 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 | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total interest income | $8,340 | $8,270 | $8,432 | $8,594 | $9,667 | $9,328 | $9,748 | $10,010 | $33,636 | $38,753 | ' |
Total interest expense | 677 | 702 | 737 | 789 | 888 | 1,031 | 1,177 | 1,460 | 2,905 | 4,556 | ' |
Net interest income | 7,663 | 7,568 | 7,695 | 7,805 | 8,779 | 8,297 | 8,571 | 8,550 | 30,731 | 34,197 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | -1,441 | 240 | 53 | 506 | 1,163 | 492 | 468 | 2,215 | -642 | 4,338 | 18,800 |
Net interest income after provision (reduction in reserve) | 9,104 | 7,328 | 7,642 | 7,299 | 7,616 | 7,805 | 8,103 | 6,335 | 31,373 | 29,859 | ' |
Total non-interest income | 723 | 1,291 | 1,228 | 1,623 | 1,507 | 1,453 | 1,331 | 1,274 | 4,865 | 5,565 | ' |
Total non-interest expense | 8,569 | 7,365 | 7,176 | 7,692 | 7,652 | 7,562 | 7,442 | 9,828 | 30,802 | 32,484 | ' |
Income (loss) before income taxes | 1,258 | 1,254 | 1,694 | 1,230 | 1,471 | 1,696 | 1,992 | -2,219 | 5,436 | 2,940 | ' |
PROVISION FOR INCOME TAXES | 303 | 350 | 512 | 344 | 588 | 517 | 622 | -982 | 1,509 | 745 | ' |
Net income (loss) | 955 | 904 | 1,182 | 886 | 883 | 1,179 | 1,370 | -1,237 | 3,927 | 2,195 | ' |
Other significant items: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total interest income | 8,340 | 8,270 | 8,432 | 8,594 | 9,667 | 9,328 | 9,748 | 10,010 | 33,636 | 38,753 | ' |
Total interest expense | 677 | 702 | 737 | 789 | 888 | 1,031 | 1,177 | 1,460 | 2,905 | 4,556 | ' |
Net interest income | 7,663 | 7,568 | 7,695 | 7,805 | 8,779 | 8,297 | 8,571 | 8,550 | 30,731 | 34,197 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | -1,441 | 240 | 53 | 506 | 1,163 | 492 | 468 | 2,215 | -642 | 4,338 | 18,800 |
Net interest income after provision | 9,104 | 7,328 | 7,642 | 7,299 | 7,616 | 7,805 | 8,103 | 6,335 | 31,373 | 29,859 | ' |
Total non-interest income | 723 | 1,291 | 1,228 | 1,623 | 1,507 | 1,453 | 1,331 | 1,274 | 4,865 | 5,565 | ' |
Total non-interest expense | 8,569 | 7,365 | 7,176 | 7,692 | 7,652 | 7,562 | 7,442 | 9,828 | 30,802 | 32,484 | ' |
Income (loss) before income taxes | 1,258 | 1,254 | 1,694 | 1,230 | 1,471 | 1,696 | 1,992 | -2,219 | 5,436 | 2,940 | ' |
PROVISION FOR INCOME TAXES | 303 | 350 | 512 | 344 | 588 | 517 | 622 | -982 | 1,509 | 745 | ' |
Net income (loss) | 955 | 904 | 1,182 | 886 | 883 | 1,179 | 1,370 | -1,237 | 3,927 | 2,195 | ' |
Total assets | 569,801 | ' | ' | ' | 567,133 | ' | ' | ' | 569,801 | 567,133 | ' |
Total investment securities | 170,804 | ' | ' | ' | 113,750 | ' | ' | ' | 170,804 | 113,750 | ' |
Total loans, net | 300,927 | ' | ' | ' | 337,400 | ' | ' | ' | 300,927 | 337,400 | ' |
Investment in subsidiaries | 5 | ' | ' | ' | 5 | ' | ' | ' | 5 | 5 | ' |
Fixed asset additions | ' | ' | ' | ' | ' | ' | ' | ' | 381 | 572 | ' |
Depreciation and amortization expense | ' | ' | ' | ' | ' | ' | ' | ' | 717 | 715 | ' |
Total interest income from external customers | ' | ' | ' | ' | ' | ' | ' | ' | 33,636 | 38,753 | ' |
Eliminations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total interest income | ' | ' | ' | ' | ' | ' | ' | ' | -3,233 | -3,878 | ' |
Total interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -3,233 | -3,878 | ' |
Total non-interest income | ' | ' | ' | ' | ' | ' | ' | ' | -887 | -772 | ' |
Total non-interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -887 | -772 | ' |
Other significant items: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total interest income | ' | ' | ' | ' | ' | ' | ' | ' | -3,233 | -3,878 | ' |
Total interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -3,233 | -3,878 | ' |
Total non-interest income | ' | ' | ' | ' | ' | ' | ' | ' | -887 | -772 | ' |
Total non-interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -887 | -772 | ' |
Total assets | -137,166 | ' | ' | ' | -144,289 | ' | ' | ' | -137,166 | -144,289 | ' |
Total loans, net | -59,616 | ' | ' | ' | -63,634 | ' | ' | ' | -59,616 | -63,634 | ' |
Investment in subsidiaries | -71,875 | ' | ' | ' | -70,536 | ' | ' | ' | -71,875 | -70,536 | ' |
Total interest income from affiliates | ' | ' | ' | ' | ' | ' | ' | ' | -3,233 | -3,877 | ' |
FUSB [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | -2,862 | 1,294 | ' |
Other significant items: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | -2,862 | 1,294 | ' |
FUSB [Member] | Operating Segments [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total interest income | ' | ' | ' | ' | ' | ' | ' | ' | 19,833 | 24,109 | ' |
Total interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 2,915 | 4,575 | ' |
Net interest income | ' | ' | ' | ' | ' | ' | ' | ' | 16,918 | 19,534 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | -2,862 | 1,294 | ' |
Net interest income after provision (reduction in reserve) | ' | ' | ' | ' | ' | ' | ' | ' | 19,780 | 18,240 | ' |
Total non-interest income | ' | ' | ' | ' | ' | ' | ' | ' | 3,553 | 3,967 | ' |
Total non-interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 20,464 | 21,368 | ' |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 2,869 | 839 | ' |
PROVISION FOR INCOME TAXES | ' | ' | ' | ' | ' | ' | ' | ' | 493 | -145 | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 2,376 | 984 | ' |
Other significant items: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total interest income | ' | ' | ' | ' | ' | ' | ' | ' | 19,833 | 24,109 | ' |
Total interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 2,915 | 4,575 | ' |
Net interest income | ' | ' | ' | ' | ' | ' | ' | ' | 16,918 | 19,534 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | -2,862 | 1,294 | ' |
Net interest income after provision | ' | ' | ' | ' | ' | ' | ' | ' | 19,780 | 18,240 | ' |
Total non-interest income | ' | ' | ' | ' | ' | ' | ' | ' | 3,553 | 3,967 | ' |
Total non-interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 20,464 | 21,368 | ' |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 2,869 | 839 | ' |
PROVISION FOR INCOME TAXES | ' | ' | ' | ' | ' | ' | ' | ' | 493 | -145 | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 2,376 | 984 | ' |
Total assets | 559,159 | ' | ' | ' | 557,374 | ' | ' | ' | 559,159 | 557,374 | ' |
Total investment securities | 170,724 | ' | ' | ' | 113,670 | ' | ' | ' | 170,724 | 113,670 | ' |
Total loans, net | 293,069 | ' | ' | ' | 329,425 | ' | ' | ' | 293,069 | 329,425 | ' |
Investment in subsidiaries | 784 | ' | ' | ' | 784 | ' | ' | ' | 784 | 784 | ' |
Fixed asset additions | ' | ' | ' | ' | ' | ' | ' | ' | 323 | 314 | ' |
Depreciation and amortization expense | ' | ' | ' | ' | ' | ' | ' | ' | 539 | 562 | ' |
Total interest income from external customers | ' | ' | ' | ' | ' | ' | ' | ' | 16,610 | 20,250 | ' |
Total interest income from affiliates | ' | ' | ' | ' | ' | ' | ' | ' | 3,223 | 3,858 | ' |
ALC [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | 2,220 | 3,044 | ' |
Other significant items: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | 2,220 | 3,044 | ' |
ALC [Member] | Operating Segments [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total interest income | ' | ' | ' | ' | ' | ' | ' | ' | 17,026 | 18,503 | ' |
Total interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 3,223 | 3,859 | ' |
Net interest income | ' | ' | ' | ' | ' | ' | ' | ' | 13,803 | 14,644 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | 2,220 | 3,044 | ' |
Net interest income after provision (reduction in reserve) | ' | ' | ' | ' | ' | ' | ' | ' | 11,583 | 11,600 | ' |
Total non-interest income | ' | ' | ' | ' | ' | ' | ' | ' | 1,387 | 1,414 | ' |
Total non-interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 10,303 | 10,734 | ' |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 2,667 | 2,280 | ' |
PROVISION FOR INCOME TAXES | ' | ' | ' | ' | ' | ' | ' | ' | 1,012 | 884 | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 1,655 | 1,396 | ' |
Other significant items: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total interest income | ' | ' | ' | ' | ' | ' | ' | ' | 17,026 | 18,503 | ' |
Total interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 3,223 | 3,859 | ' |
Net interest income | ' | ' | ' | ' | ' | ' | ' | ' | 13,803 | 14,644 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | ' | ' | ' | ' | ' | ' | ' | ' | 2,220 | 3,044 | ' |
Net interest income after provision | ' | ' | ' | ' | ' | ' | ' | ' | 11,583 | 11,600 | ' |
Total non-interest income | ' | ' | ' | ' | ' | ' | ' | ' | 1,387 | 1,414 | ' |
Total non-interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 10,303 | 10,734 | ' |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 2,667 | 2,280 | ' |
PROVISION FOR INCOME TAXES | ' | ' | ' | ' | ' | ' | ' | ' | 1,012 | 884 | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 1,655 | 1,396 | ' |
Total assets | 71,572 | ' | ' | ' | 79,090 | ' | ' | ' | 71,572 | 79,090 | ' |
Total loans, net | 67,474 | ' | ' | ' | 71,609 | ' | ' | ' | 67,474 | 71,609 | ' |
Fixed asset additions | ' | ' | ' | ' | ' | ' | ' | ' | 58 | 258 | ' |
Depreciation and amortization expense | ' | ' | ' | ' | ' | ' | ' | ' | 178 | 153 | ' |
Total interest income from external customers | ' | ' | ' | ' | ' | ' | ' | ' | 17,026 | 18,503 | ' |
All Other [Member] | Operating Segments [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total interest income | ' | ' | ' | ' | ' | ' | ' | ' | 10 | 19 | ' |
Net interest income | ' | ' | ' | ' | ' | ' | ' | ' | 10 | 19 | ' |
Net interest income after provision (reduction in reserve) | ' | ' | ' | ' | ' | ' | ' | ' | 10 | 19 | ' |
Total non-interest income | ' | ' | ' | ' | ' | ' | ' | ' | 812 | 956 | ' |
Total non-interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 922 | 1,154 | ' |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -100 | -179 | ' |
PROVISION FOR INCOME TAXES | ' | ' | ' | ' | ' | ' | ' | ' | 4 | 6 | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -104 | -185 | ' |
Other significant items: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total interest income | ' | ' | ' | ' | ' | ' | ' | ' | 10 | 19 | ' |
Net interest income | ' | ' | ' | ' | ' | ' | ' | ' | 10 | 19 | ' |
Net interest income after provision | ' | ' | ' | ' | ' | ' | ' | ' | 10 | 19 | ' |
Total non-interest income | ' | ' | ' | ' | ' | ' | ' | ' | 812 | 956 | ' |
Total non-interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 922 | 1,154 | ' |
Income (loss) before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -100 | -179 | ' |
PROVISION FOR INCOME TAXES | ' | ' | ' | ' | ' | ' | ' | ' | 4 | 6 | ' |
Net income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -104 | -185 | ' |
Total assets | 76,236 | ' | ' | ' | 74,958 | ' | ' | ' | 76,236 | 74,958 | ' |
Total investment securities | 80 | ' | ' | ' | 80 | ' | ' | ' | 80 | 80 | ' |
Investment in subsidiaries | 71,096 | ' | ' | ' | 69,757 | ' | ' | ' | 71,096 | 69,757 | ' |
Total interest income from affiliates | ' | ' | ' | ' | ' | ' | ' | ' | $10 | $19 | ' |
Other_Operating_Expenses_Compo
Other Operating Expenses - Components of Other Operating Expenses (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Component Of Other Operation Expense [Line Items] | ' | ' |
Total | $9,043 | $9,836 |
Legal, Accounting and Other Professional Fees [Member] | ' | ' |
Component Of Other Operation Expense [Line Items] | ' | ' |
Total | 1,355 | 1,361 |
Postage, Stationery and Supplies [Member] | ' | ' |
Component Of Other Operation Expense [Line Items] | ' | ' |
Total | 851 | 859 |
Telephone/Data Communication [Member] | ' | ' |
Component Of Other Operation Expense [Line Items] | ' | ' |
Total | 622 | 631 |
FDIC Insurance Assessments [Member] | ' | ' |
Component Of Other Operation Expense [Line Items] | ' | ' |
Total | 722 | 787 |
Other [Member] | ' | ' |
Component Of Other Operation Expense [Line Items] | ' | ' |
Total | $5,493 | $6,198 |
Operating_Leases_Future_Minimu
Operating Leases - Future Minimum Rental Payments Required Under Operating Leases (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Leases [Abstract] | ' |
2014 | $401 |
2015 | 303 |
2016 | 226 |
2017 | 151 |
2018 | 126 |
2019 | $73 |
Operating_Leases_Additional_In
Operating Leases - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Leases [Abstract] | ' | ' |
Total rental expense | $0.30 | $0.70 |
Guarantees_Commitments_and_Con2
Guarantees, Commitments and Contingencies - Additional Information (Detail) (USD $) | 0 Months Ended | 1 Months Ended | 12 Months Ended | |
Oct. 13, 2011 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | |
Long-term Purchase Commitment [Line Items] | ' | ' | ' | ' |
Credit losses associated with derivative contracts | ' | ' | $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 | ' | ' |
Standby Letters of Credit [Member] | ' | ' | ' | ' |
Long-term Purchase Commitment [Line Items] | ' | ' | ' | ' |
Outstanding commitments to purchase securities | ' | ' | 3,000,000 | ' |
Outstanding commitments to sell securities | ' | ' | $0 | ' |
Guarantees_Commitments_and_Con3
Guarantees, Commitments and Contingencies - Summary of Commitments and Contingent Liabilities (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
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 | 931 | 1,092 |
Commitments to Extend Credit [Member] | ' | ' |
Summary Of Commitments And Contingent Liabilities [Line Items] | ' | ' |
Commitments and contingent liabilities | $28,875 | $32,123 |
Fair_Value_Measurements_Balanc
Fair Value Measurements - Balances of Available-for-Sale Securities Measured at Fair Value on Recurring Basis (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | U.S. Treasury Securities [Member] | Recurring Fair Value Measurements [Member] | Recurring Fair Value Measurements [Member] | Recurring Fair Value Measurements [Member] | Recurring Fair Value Measurements [Member] | Recurring Fair Value Measurements [Member] | Recurring Fair Value Measurements [Member] | Recurring Fair Value Measurements [Member] | Recurring Fair Value Measurements [Member] | Level 2 [Member] | Level 2 [Member] | Level 2 [Member] | Level 2 [Member] | Level 2 [Member] | Level 2 [Member] | Level 2 [Member] | Level 2 [Member] | Level 2 [Member] |
Available-for-sale Securities [Member] | U.S. Treasury Securities [Member] | Residential [Member] | Residential [Member] | Commercial [Member] | Commercial [Member] | Obligations of States and Political Subdivisions [Member] | Obligations of States and Political Subdivisions [Member] | Obligations of U.S. Government Sponsored Agencies [Member] | U.S. Treasury Securities [Member] | Recurring Fair Value Measurements [Member] | Recurring Fair Value Measurements [Member] | Recurring Fair Value Measurements [Member] | Recurring Fair Value Measurements [Member] | Recurring Fair Value Measurements [Member] | Recurring Fair Value Measurements [Member] | Recurring Fair Value Measurements [Member] | Recurring Fair Value Measurements [Member] | |
Mortgage-Backed Securities [Member] | Mortgage-Backed Securities [Member] | Mortgage-Backed Securities [Member] | Mortgage-Backed Securities [Member] | Available-for-sale Securities [Member] | Available-for-sale Securities [Member] | U.S. Treasury Securities [Member] | Residential [Member] | Residential [Member] | Commercial [Member] | Commercial [Member] | Obligations of States and Political Subdivisions [Member] | Obligations of States and Political Subdivisions [Member] | Obligations of U.S. Government Sponsored Agencies [Member] | |||||
Available-for-sale Securities [Member] | Available-for-sale Securities [Member] | Mortgage-Backed Securities [Member] | Mortgage-Backed Securities [Member] | Mortgage-Backed Securities [Member] | Mortgage-Backed Securities [Member] | Available-for-sale Securities [Member] | ||||||||||||
Available-for-sale Securities [Member] | Available-for-sale Securities [Member] | |||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financial assets measured at fair value | $80 | $3,827 | $83,434 | $49,264 | $30,465 | $28,289 | $17,027 | $14,981 | $1,001 | $80 | $3,827 | $83,434 | $49,264 | $30,465 | $28,289 | $17,027 | $14,981 | $1,001 |
Fair_Value_Measurements_Additi
Fair Value Measurements - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Fair Value Measurement [Line Items] | ' | ' |
Charge-offs of the allowance for possible loan losses | $0.50 | $0.40 |
Impairment on other real estate | 1.3 | 3.6 |
Level 3 [Member] | ' | ' |
Fair Value Measurement [Line Items] | ' | ' |
Loans, net of specific allowances, subject to nonrecurring measurement valuation | 11.4 | 15 |
Foreclosed assets measured at fair value upon initial recognition | 0.5 | 2.1 |
Foreclosed assets, total | $5.30 | $9.30 |
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 | ' |
Maximum [Member] | ' | ' |
Fair Value Measurement [Line Items] | ' | ' |
Duration for appraisal | '24 months | ' |
Fair_Value_Measurements_Balanc1
Fair Value Measurements - Balances of Impaired Loans and Foreclosed Assets Measured at Fair Value on Nonrecurring Basis (Detail) (Non-Recurring Fair Value Measurements [Member], USD $) | Dec. 31, 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 | $11,358 | $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 | 5,832 | 11,368 |
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 | 11,358 | 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 | $5,832 | $11,368 |
Fair_Value_Measurements_Summar
Fair Value Measurements - Summary of Assets and Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3) (Detail) (Non-Recurring Fair Value Measurements [Member], USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value | $11,358 | $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) | -11.60% | ' |
Foreclosed Property and Other Real Estate [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value | 5,832 | 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) | -9.30% | ' |
Minimum [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value | 11,358 | ' |
Valuation Technique | 'Multiple data points, | ' |
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] | ' | ' |
Fair Value | $5,832 | ' |
Valuation Technique | 'Discount to appraised value | ' |
Quantitative Range of Unobservable Inputs (Weighted-Average) | 9.00% | ' |
Maximum [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Valuation Technique | 'including discount to | ' |
Quantitative Range of Unobservable Inputs (Weighted-Average) | 30.00% | ' |
Maximum [Member] | Foreclosed Property and Other Real Estate [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Valuation Technique | 'of property based on recent | ' |
Quantitative Range of Unobservable Inputs (Weighted-Average) | 10.00% | ' |
Fair_Value_Measurements_Schedu
Fair Value Measurements - Schedule of Estimated Fair Value and Related Carrying or Notional Amounts of Company's Financial Instruments (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Assets: | ' | ' |
Investment securities available-for-sale | $135,754 | $92,614 |
Investment securities held-to-maturity | 33,365 | ' |
FEDERAL FUNDS SOLD | ' | 5,000 |
Carrying Amount [Member] | ' | ' |
Assets: | ' | ' |
Cash and cash equivalents | 47,720 | 54,126 |
Investment securities available-for-sale | 135,754 | 92,614 |
Investment securities held-to-maturity | 35,050 | 21,136 |
FEDERAL FUNDS SOLD | ' | 5,000 |
Federal Home Loan Bank stock | 906 | 936 |
Loans, net of allowance for loan losses | 300,927 | 337,400 |
Liabilities: | ' | ' |
Deposits | 484,279 | 489,034 |
Short-term borrowings | 1,231 | 638 |
Long-term debt | 5,000 | ' |
Estimated Fair Value [Member] | ' | ' |
Assets: | ' | ' |
Cash and cash equivalents | 47,720 | 54,126 |
Investment securities available-for-sale | 135,754 | 92,614 |
Investment securities held-to-maturity | 33,365 | 21,185 |
FEDERAL FUNDS SOLD | ' | 5,000 |
Federal Home Loan Bank stock | 906 | 936 |
Loans, net of allowance for loan losses | 303,291 | 339,230 |
Liabilities: | ' | ' |
Deposits | 484,957 | 490,596 |
Short-term borrowings | 1,231 | 638 |
Long-term debt | 5,011 | ' |
Level 1 [Member] | ' | ' |
Assets: | ' | ' |
Cash and cash equivalents | 47,720 | 54,126 |
FEDERAL FUNDS SOLD | ' | 5,000 |
Level 2 [Member] | ' | ' |
Assets: | ' | ' |
Investment securities available-for-sale | 135,754 | 92,614 |
Investment securities held-to-maturity | 33,365 | 21,185 |
Federal Home Loan Bank stock | 906 | 936 |
Liabilities: | ' | ' |
Deposits | 484,957 | 490,596 |
Short-term borrowings | 1,231 | 638 |
Long-term debt | 5,011 | ' |
Level 3 [Member] | ' | ' |
Assets: | ' | ' |
Loans, net of allowance for loan losses | $303,291 | $339,230 |
United_Security_Bancshares_Inc2
United Security Bancshares, Inc. (Parent Company Only) Financial Information - Statements of Condition (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
ASSETS: | ' | ' | ' |
Cash on deposit | $47,720 | $54,126 | $52,796 |
Investment in subsidiaries | 5 | 5 | ' |
TOTAL ASSETS | 569,801 | 567,133 | ' |
LIABILITIES: | ' | ' | ' |
OTHER LIABILITIES | 8,930 | 8,401 | ' |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 569,801 | 567,133 | ' |
United Security Bancshares, Inc. [Member] | ' | ' | ' |
ASSETS: | ' | ' | ' |
Cash on deposit | 73 | 83 | 291 |
Investment in subsidiaries | 70,557 | 69,113 | ' |
TOTAL ASSETS | 70,630 | 69,196 | ' |
LIABILITIES: | ' | ' | ' |
OTHER LIABILITIES | 535 | 549 | ' |
SHAREHOLDERS' EQUITY | 70,095 | 68,647 | ' |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $70,630 | $69,196 | ' |
United_Security_Bancshares_Inc3
United Security Bancshares, Inc. (Parent Company Only) Financial Information - Statements of Income (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
INCOME: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
NET INCOME | $955 | $904 | $1,182 | $886 | $883 | $1,179 | $1,370 | ($1,237) | $3,927 | $2,195 |
United Security Bancshares, Inc. [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
INCOME: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividend income, First United Security Bank | ' | ' | ' | ' | ' | ' | ' | ' | 200 | ' |
Other Income | ' | ' | ' | ' | ' | ' | ' | ' | 6 | ' |
Total income | ' | ' | ' | ' | ' | ' | ' | ' | 206 | ' |
EXPENSE: | ' | ' | ' | ' | ' | ' | ' | ' | 334 | 383 |
LOSS BEFORE EQUITY IN UNDISTRIBUTED INCOME OF SUBSIDIARIES | ' | ' | ' | ' | ' | ' | ' | ' | -128 | -383 |
EQUITY IN UNDISTRIBUTED INCOME OF SUBSIDIARIES | ' | ' | ' | ' | ' | ' | ' | ' | 4,055 | 2,578 |
NET INCOME | ' | ' | ' | ' | ' | ' | ' | ' | $3,927 | $2,195 |
United_Security_Bancshares_Inc4
United Security Bancshares, Inc. (Parent Company Only) Financial Information - Statements of Cash Flows (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' | ' | ' | ' |
Net income | $955 | $886 | $883 | ($1,237) | $3,927 | $2,195 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' | ' | ' | ' |
Decrease in other assets | ' | ' | ' | ' | 1,588 | 429 |
(Increase) decrease in other liabilities | ' | ' | ' | ' | 2,095 | 937 |
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | ' | ' | ' | ' | -6,406 | 1,330 |
CASH AND CASH EQUIVALENTS, beginning of year | ' | 54,126 | ' | 52,796 | 54,126 | 52,796 |
CASH AND CASH EQUIVALENTS, end of year | 47,720 | ' | 54,126 | ' | 47,720 | 54,126 |
United Security Bancshares, Inc. [Member] | ' | ' | ' | ' | ' | ' |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' | ' | ' | ' |
Net income | ' | ' | ' | ' | 3,927 | 2,195 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' | ' | ' | ' |
Distributions in excess of undistributed income (loss) of subsidiaries | ' | ' | ' | ' | -4,055 | -2,578 |
Decrease in other assets | ' | ' | ' | ' | 131 | 110 |
(Increase) decrease in other liabilities | ' | ' | ' | ' | -13 | 65 |
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | ' | ' | ' | ' | -10 | -208 |
CASH AND CASH EQUIVALENTS, beginning of year | ' | 83 | ' | 291 | 83 | 291 |
CASH AND CASH EQUIVALENTS, end of year | $73 | ' | $83 | ' | $73 | $83 |
Quarterly_Data_Unaudited_Summa
Quarterly Data (Unaudited) - Summary of Quarterly Data (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest income | $8,340 | $8,270 | $8,432 | $8,594 | $9,667 | $9,328 | $9,748 | $10,010 | $33,636 | $38,753 | ' |
Interest expense | 677 | 702 | 737 | 789 | 888 | 1,031 | 1,177 | 1,460 | 2,905 | 4,556 | ' |
Net interest income | 7,663 | 7,568 | 7,695 | 7,805 | 8,779 | 8,297 | 8,571 | 8,550 | 30,731 | 34,197 | ' |
PROVISION (REDUCTION IN RESERVE) FOR LOAN LOSSES | -1,441 | 240 | 53 | 506 | 1,163 | 492 | 468 | 2,215 | -642 | 4,338 | 18,800 |
Net interest income, after provision for loan losses | 9,104 | 7,328 | 7,642 | 7,299 | 7,616 | 7,805 | 8,103 | 6,335 | 31,373 | 29,859 | ' |
Non-interest: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income | 723 | 1,291 | 1,228 | 1,623 | 1,507 | 1,453 | 1,331 | 1,274 | 4,865 | 5,565 | ' |
Expense | 8,569 | 7,365 | 7,176 | 7,692 | 7,652 | 7,562 | 7,442 | 9,828 | 30,802 | 32,484 | ' |
Income (loss) before income taxes | 1,258 | 1,254 | 1,694 | 1,230 | 1,471 | 1,696 | 1,992 | -2,219 | 5,436 | 2,940 | ' |
(Benefits from) provision for income taxes | 303 | 350 | 512 | 344 | 588 | 517 | 622 | -982 | 1,509 | 745 | ' |
NET INCOME | $955 | $904 | $1,182 | $886 | $883 | $1,179 | $1,370 | ($1,237) | $3,927 | $2,195 | ' |
Earnings (losses) per common share: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic and diluted earnings (losses) | $0.16 | $0.15 | $0.20 | $0.15 | $0.15 | $0.20 | $0.23 | ($0.21) | $0.65 | $0.36 | ' |