Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2015 | Aug. 13, 2015 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2015 | |
Document Fiscal Year Focus | 2,015 | |
Document Fiscal Period Focus | Q2 | |
Trading Symbol | USBI | |
Entity Registrant Name | UNITED SECURITY BANCSHARES INC | |
Entity Central Index Key | 717,806 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 6,043,292 |
Interim Condensed Consolidated
Interim Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
ASSETS | ||
Cash and due from banks | $ 9,227 | $ 9,697 |
Interest bearing deposits in banks | 15,826 | 24,469 |
Total cash and cash equivalents | 25,053 | 34,166 |
Investment securities available-for-sale, at fair value | 202,247 | 204,966 |
Investment securities held-to-maturity, at amortized cost | 43,929 | 29,120 |
Federal Home Loan Bank stock, at cost | 740 | 738 |
Loans, net of allowance for loan losses of $5,008 and $6,168, respectively | 244,993 | 259,516 |
Premises and equipment, net | 10,929 | 9,764 |
Cash surrender value of bank-owned life insurance | 14,133 | 13,975 |
Accrued interest receivable | 1,931 | 2,235 |
Other real estate owned | 7,168 | 7,735 |
Other assets | 9,527 | 10,394 |
Total assets | 560,650 | 572,609 |
LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
Deposits | 471,141 | 483,659 |
Accrued interest expense | 198 | 221 |
Other liabilities | 7,543 | 8,131 |
Short-term borrowings | 985 | 436 |
Long-term debt | 5,000 | 5,000 |
Total liabilities | $ 484,867 | $ 497,447 |
Commitments and contingencies | ||
Shareholders’ equity: | ||
Common stock, par value $0.01 per share, 10,000,000 shares authorized; 7,329,060 shares issued; 6,034,059 shares outstanding | $ 73 | $ 73 |
Surplus | 9,691 | 9,577 |
Accumulated other comprehensive income, net of tax | 968 | 1,829 |
Retained earnings | 85,950 | 84,582 |
Less treasury stock: 1,295,001 shares at cost | (20,886) | (20,886) |
Noncontrolling interest | (13) | (13) |
Total shareholders’ equity | 75,783 | 75,162 |
Total liabilities and shareholders’ equity | $ 560,650 | $ 572,609 |
Interim Condensed Consolidated3
Interim Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Statement Of Financial Position [Abstract] | ||
Loans, allowance for loan losses | $ 5,008 | $ 6,168 |
Common Stock, par value | $ 0.01 | $ 0.01 |
Common Stock, shares authorized | 10,000,000 | 10,000,000 |
Common Stock, shares issued | 7,329,060 | 7,329,060 |
Common Stock, shares outstanding | 6,034,059 | 6,034,059 |
Treasury Stock, shares | 1,295,001 | 1,295,001 |
Interim Condensed Consolidated4
Interim Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Interest income: | ||||
Interest and fees on loans | $ 6,520 | $ 6,845 | $ 12,655 | $ 13,642 |
Interest on investment securities | 1,215 | 1,085 | 2,401 | 2,134 |
Total interest income | 7,735 | 7,930 | 15,056 | 15,776 |
Interest expense: | ||||
Interest on deposits | 557 | 617 | 1,164 | 1,254 |
Interest on borrowings | 8 | 13 | 15 | 21 |
Total interest expense | 565 | 630 | 1,179 | 1,275 |
Net interest income | 7,170 | 7,300 | 13,877 | 14,501 |
Provision (reduction in reserve) for loan losses | 45 | (264) | (121) | 150 |
Net interest income after provision (reduction in reserve) for loan losses | 7,125 | 7,564 | 13,998 | 14,351 |
Non-interest income: | ||||
Service and other charges on deposit accounts | 472 | 491 | 926 | 991 |
Credit insurance income | 114 | 93 | 189 | 233 |
Other income | 482 | 901 | 1,244 | 1,408 |
Total non-interest income | 1,068 | 1,485 | 2,359 | 2,632 |
Non-interest expense: | ||||
Salaries and employee benefits | 4,215 | 4,141 | 8,407 | 8,223 |
Net occupancy and equipment | 780 | 775 | 1,603 | 1,590 |
Other real estate/foreclosure expense, net | 347 | 325 | 567 | 425 |
Other expense | 1,765 | 1,982 | 3,507 | 3,869 |
Total non-interest expense | 7,107 | 7,223 | 14,084 | 14,107 |
Income before income taxes | 1,086 | 1,826 | 2,273 | 2,876 |
Provision for income taxes | 312 | 608 | 663 | 884 |
Net income | $ 774 | $ 1,218 | $ 1,610 | $ 1,992 |
Basic net income per share | $ 0.13 | $ 0.20 | $ 0.26 | $ 0.33 |
Diluted net income per share | 0.12 | $ 0.20 | 0.25 | $ 0.33 |
Dividends per share | $ 0.02 | $ 0.04 |
Interim Condensed Consolidated5
Interim Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Statement Of Income And Comprehensive Income [Abstract] | ||||
Net income | $ 774 | $ 1,218 | $ 1,610 | $ 1,992 |
Other comprehensive income: | ||||
Change in unrealized holding gains (losses) on available-for-sale securities arising during period, net of tax expense (benefit) of $(386), $393, $(382) and $638, respectively | (641) | 653 | (638) | 1,179 |
Reclassification adjustment for net gains realized on available-for-sale securities realized in net income, net of tax of $31, $0, $136 and $34, respectively | (50) | (223) | (58) | |
Other comprehensive income (loss) | (691) | 653 | (861) | 1,121 |
Total comprehensive income | $ 83 | $ 1,871 | $ 749 | $ 3,113 |
Interim Condensed Consolidated6
Interim Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Statement Of Income And Comprehensive Income [Abstract] | ||||
Tax effect on change in unrealized holding gains(losses)on available-for-sale securities arising during period | $ (386) | $ 393 | $ (382) | $ 638 |
Tax on reclassification adjustment for net gains realized on available-for-sale securities realized in net income | $ 31 | $ 0 | $ 136 | $ 34 |
Interim Condensed Consolidated7
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Cash flows from operating activities: | ||
Net income | $ 1,610 | $ 1,992 |
Adjustments to reconcile net income to cash provided by operating activities: | ||
Depreciation and amortization | 428 | 364 |
Provision (reduction in reserve) for loan losses | (121) | 150 |
Deferred income tax provision | 648 | 1,588 |
Net gain on sale of securities | (359) | (103) |
Stock-based compensation expense | 189 | 75 |
Net amortization of securities | 837 | 489 |
Net loss on premises and equipment and other real estate | 494 | 171 |
Changes in assets and liabilities: | ||
Decrease in accrued interest receivable | 304 | 359 |
Decrease in other assets | 859 | 1,860 |
Decrease in accrued interest expense | (23) | (28) |
Decrease in other liabilities | (662) | (660) |
Net cash provided by operating activities | 4,204 | 6,257 |
Cash flows from investing activities: | ||
Purchase of investment securities, available-for-sale | (40,185) | (48,963) |
Purchase of investment securities, held-to-maturity | (17,538) | (5,978) |
Proceeds from sales of investment securities, available-for-sale | 15,754 | 1,095 |
Proceeds from maturities and prepayments of investment securities, available-for-sale | 25,399 | 15,925 |
Proceeds from maturities and prepayments of investment securities, held-to-maturity | 2,625 | 187 |
Proceeds from redemption of Federal Home Loan Bank stock | 168 | |
Proceeds from the sale of premises and equipment and other real estate | 1,520 | 3,107 |
Purchase of Federal Home Loan Bank stock | (3) | |
Net change in loan portfolio | 13,181 | 24,439 |
Purchase of premises and equipment | (1,859) | (881) |
Net cash used in investing activities | (1,106) | (10,901) |
Cash flows from financing activities: | ||
Net decrease in customer deposits | (12,518) | (1,025) |
Increase (decrease) in short-term borrowings | 549 | (608) |
Dividends paid | (242) | |
Net cash used in financial activities | (12,211) | (1,633) |
Net decrease in cash and cash equivalents | (9,113) | (6,277) |
Cash and cash equivalents, beginning of period | 34,166 | 47,720 |
Cash and cash equivalents, end of period | 25,053 | 41,443 |
Cash paid for: | ||
Interest | 1,202 | 1,303 |
Income taxes | 28 | 52 |
Non-cash transactions: | ||
Foreclosed assets acquired in settlement of loans | $ 1,463 | 4,252 |
Reissuance of treasury stock as compensation | $ 24 |
General
General | 6 Months Ended |
Jun. 30, 2015 | |
Accounting Policies [Abstract] | |
General | 1. GENERAL The accompanying unaudited interim condensed consolidated financial statements include the accounts of United Security Bancshares, Inc. (“USBI”) and its subsidiaries (collectively, the “Company”). USBI is the parent holding company of First US Bank (the “Bank” or “FUSB”). The Bank operates a finance company, Acceptance Loan Company, Inc. (“ALC”). All significant intercompany transactions and accounts have been eliminated. The unaudited interim condensed consolidated financial statements, in the opinion of management, reflect all adjustments necessary for a fair presentation of consolidated financial position, results of operations and cash flows for the periods presented. Such adjustments are of a normal, recurring nature. The results of operations for any interim period are not necessarily indicative of results expected for the fiscal year ending December 31, 2015. While certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”), management believes that the disclosures herein are adequate to make the information presented not misleading. These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in USBI’s Annual Report on Form 10-K for the year ended December 31, 2014. The accounting policies followed by the Company are set forth in Note 2, “Summary of Significant Accounting Policies,” of the Notes to Consolidated Financial Statements in USBI’s Annual Report on Form 10-K for the year ended December 31, 2014. Certain amounts in the 2014 condensed consolidated financial statements have been reclassified to conform to the 2015 method of presentation. |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 6 Months Ended |
Jun. 30, 2015 | |
Accounting Changes And Error Corrections [Abstract] | |
Recent Accounting Pronouncements | 2. RECENT ACCOUNTING PRONOUNCEMENTS In January 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force). In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) In August 2014, the FASB issued ASU 2014-14 , Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Residential Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force). In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis, In April 2015, the FASB issued new accounting guidance on the accounting for fees paid in a cloud computing arrangement. The standard provides guidance on how customers should evaluate whether such arrangements contain a software license that should be accounted for separately. A customer that determines a cloud computing arrangement contains a software license must account for the license consistently with the acquisition of other software licenses. If an arrangement does not contain a software license, the customer is required to account for it as a service contract. As a result, all software licenses within the scope of this guidance will be accounted for consistently with other licenses of intangible assets. The guidance is effective for annual and interim periods beginning after December 15, 2015. Entities can elect to apply the guidance either retrospectively or prospectively to all cloud computing arrangements entered into or materially modified after the effective date. Early adoption is permitted. The Company is evaluating the potential impact on the Company’s consolidated financial statements. |
Net Income Per Share
Net Income Per Share | 6 Months Ended |
Jun. 30, 2015 | |
Earnings Per Share [Abstract] | |
Net Income Per Share | 3. NET INCOME PER SHARE Basic net income per share is computed by dividing net income by the weighted average number of shares of common stock outstanding. Included in basic shares are certain shares that have been accrued as of the balance sheet date as deferred compensation for members of USBI’s Board of Directors. Diluted net income per share is computed by dividing net income by the weighted average number of shares of common stock outstanding, adjusted for the effect of potentially dilutive stock awards outstanding during the period. The dilutive shares are comprised of nonqualified stock option grants issued to employees and members of USBI’s Board of Directors pursuant to the United Security Bancshares, Inc. 2013 Incentive Plan (the “2013 Incentive Plan”) previously approved by USBI’s shareholders. The following table reflects weighted average shares used to calculate basic and diluted net income per share for the periods presented. Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Basic shares 6,139,268 6,115,689 6,136,882 6,115,475 Dilutive shares 177,050 10,750 177,050 10,750 Diluted shares 6,316,318 6,126,439 6,313,932 6,126,225 Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 (Dollars in Thousands, Except Per Share Data) (Dollars in Thousands, Except Per Share Data) Net income $ 774 $ 1,218 $ 1,610 $ 1,992 Basic net income per share $ 0.13 $ 0.20 $ 0.26 $ 0.33 Diluted net income per share $ 0.12 $ 0.20 $ 0.25 $ 0.33 |
Comprehensive Income
Comprehensive Income | 6 Months Ended |
Jun. 30, 2015 | |
Equity [Abstract] | |
Comprehensive Income | 4. COMPREHENSIVE INCOME Comprehensive income consists of net income and the change in the unrealized gains or losses on the Company’s available-for-sale securities portfolio arising during the period. In the calculation of comprehensive income, certain reclassification adjustments are made for any sale of investment securities to avoid double counting items that are displayed as part of net income for a period that also had been displayed as part of other comprehensive income in that period or earlier periods. |
Investment Securities
Investment Securities | 6 Months Ended |
Jun. 30, 2015 | |
Investments Debt And Equity Securities [Abstract] | |
Investment Securities | 5. INVESTMENT SECURITIES Details of investment securities available-for-sale and held-to-maturity as of June 30, 2015 and December 31, 2014 are as follows: Available-for-Sale June 30, 2015 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Mortgage-backed securities: Residential $ 138,119 $ 1,216 $ (566 ) $ 138,769 Commercial 45,144 237 (234 ) 45,147 Obligations of states and political subdivisions 14,566 907 (12 ) 15,461 Obligations of U.S. government-sponsored agencies 1,999 1 — 2,000 Corporate notes 791 — (1 ) 790 U.S. Treasury securities 80 — — 80 Total $ 200,699 $ 2,361 $ (813 ) $ 202,247 Held-to-Maturity June 30, 2015 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Obligations of U.S. government-sponsored agencies $ 25,093 $ 23 $ (235 ) $ 24,881 Mortgage-backed securities: Commercial 17,256 48 (130 ) 17,174 Obligations of states and political subdivisions 1,580 — (6 ) 1,574 Total $ 43,929 $ 71 $ (371 ) $ 43,629 Available-for-Sale December 31, 2014 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Mortgage-backed securities: Residential $ 139,980 $ 1,896 $ (192 ) $ 141,684 Commercial 35,873 164 (93 ) 35,944 Obligations of states and political subdivisions 15,673 1,241 — 16,914 Obligations of U.S. government-sponsored agencies 6,360 5 (1 ) 6,364 U.S. Treasury securities 4,153 — (93 ) 4,060 Total $ 202,039 $ 3,306 $ (379 ) $ 204,966 Held-to-Maturity December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (Dollars in Thousands) Mortgage-backed securities: Commercial $ 10,666 $ 65 $ (2 ) $ 10,729 Obligations of U.S. government-sponsored agencies 17,870 19 (52 ) 17,837 Obligations of states and political subdivisions 584 4 — 588 Total $ 29,120 $ 88 $ (54 ) $ 29,154 The scheduled maturities of investment securities available-for-sale and held-to-maturity as of June 30, 2015 are presented in the following table: Available-for-Sale Held-to-Maturity Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value (Dollars in Thousands) Maturing within one year $ 183 $ 185 $ 968 $ 956 Maturing after one to five years 8,430 8,771 9,059 9,038 Maturing after five to ten years 118,477 118,776 33,902 33,635 Maturing after ten years 73,609 74,515 — — Total $ 200,699 $ 202,247 $ 43,929 $ 43,629 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 (i) the length of time and the extent to which fair value has been less than cost, (ii) the financial condition and near-term prospects of the issuer and (iii) whether the Company intends to sell securities, and whether it is more likely than not that the Company will be required to sell the securities before recovery of their amortized cost bases. As of June 30, 2015 and December 31, 2014, 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 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 June 30, 2015 and December 31, 2014. Available-for-Sale June 30, 2015 Less than 12 Months 12 Months or More Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in Thousands) Mortgage-backed securities: Residential $ 80,061 $ (396 ) $ 7,014 $ (170 ) Commercial 32,027 (234 ) — — Corporate notes 790 (1 ) — — Obligations of states and political subdivisions 443 (12 ) — — Total $ 113,321 $ (643 ) $ 7,014 $ (170 ) Held-to-Maturity June 30, 2015 Less than 12 Months 12 Months or More Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in Thousands) Obligations of U.S. government-sponsored agencies $ 15,269 $ (197 ) $ 1,608 $ (38 ) Mortgage-backed securities: Commercial 14,823 (130 ) — — Obligations of states and political subdivisions 574 (6 ) — — Total $ 30,666 $ (333 ) $ 1,608 $ (38 ) Available-for-Sale December 31, 2014 Less than 12 Months 12 Months or More Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in Thousands) Mortgage-backed securities: Residential $ 24,459 $ (67 ) $ 7,630 $ (125 ) Commercial 19,069 (70 ) 1,304 (23 ) Obligations of U.S. government-sponsored agencies 1,999 (1 ) — — Obligations of states and political subdivisions 269 — — — U.S. Treasury securities 80 — 3,980 (93 ) Total $ 45,876 $ (138 ) $ 12,914 $ (241 ) Held-to-Maturity December 31, 2014 Less than 12 Months 12 Months or More Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in Thousands) Obligations of U.S. government-sponsored agencies $ — $ — $ 11,664 $ (52 ) Mortgage-backed securities: Commercial 538 (2 ) — — Total $ 538 $ (2 ) $ 11,664 $ (52 ) As of June 30, 2015, five debt securities had been in a loss position for more than twelve months, and 92 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 each issuer for a period of time that management believes to be 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 $61.6 million and $61.1 million as of June 30, 2015 and December 31, 2014, respectively, were pledged to secure public deposits and for other purposes. Gains realized on sales of securities available-for-sale were approximately $0.4 million and $0.1 million for the six months ended June 30, 2015 and the six months ended June 30, 2014, respectively. There were no losses on sales of securities during the six months ended June 30, 2015 or the six months ended June 30, 2014. |
Loans and Allowance for Loan Lo
Loans and Allowance for Loan Losses | 6 Months Ended |
Jun. 30, 2015 | |
Receivables [Abstract] | |
Loans and Allowance for Loan Losses | 6. LOANS AND ALLOWANCE FOR LOAN LOSSES Portfolio Segments: The Company has divided the loan portfolio into eight portfolio segments, each with different risk characteristics described as follows: Construction, land development and other land loans – Commercial construction, land and land development loans include loans for 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 – This portfolio segment includes mortgage loans secured by apartment buildings. Secured by non-farm, non-residential properties – This portfolio segment includes real estate 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 farmland. Commercial and industrial loans – This portfolio segment includes loans to commercial customers for use in the normal course of business. These credits include loans and lines of credit to financially strong borrowers, secured by inventories, equipment or receivables, and are generally guaranteed by the principals of the borrowing entity. Consumer loans – This portfolio segment 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 are comprised of credit cards, overdrawn checking accounts reclassified to loans and overdraft lines of credit. As of June 30, 2015 and December 31, 2014, the composition of the loan portfolio by reporting segment and portfolio segment was as follows: June 30, 2015 FUSB ALC Total (Dollars in Thousands) Real estate loans: Construction, land development and other land loans $ 12,363 $ — $ 12,363 Secured by 1-4 family residential properties 30,564 19,129 49,693 Secured by multi-family residential properties 17,163 — 17,163 Secured by non-farm, non-residential properties 81,621 — 81,621 Other 57 — 57 Commercial and industrial loans 18,198 — 18,198 Consumer loans 6,910 73,342 80,252 Other loans 786 — 786 Total loans 167,662 92,471 260,133 Less: Unearned interest, fees and deferred cost 191 9,941 10,132 Allowance for loan losses 2,449 2,559 5,008 Net loans $ 165,022 $ 79,971 $ 244,993 December 31, 2014 FUSB ALC Total (Dollars in Thousands) Real estate loans: Construction, land development and other land loans $ 10,431 $ — $ 10,431 Secured by 1-4 family residential properties 30,795 21,309 52,104 Secured by multi-family residential properties 20,403 — 20,403 Secured by non-farm, non-residential properties 104,883 — 104,883 Other 58 — 58 Commercial and industrial loans 16,838 — 16,838 Consumer loans 7,188 61,833 69,021 Other loans 579 — 579 Total loans 191,175 83,142 274,317 Less: Unearned interest, fees and deferred cost 189 8,444 8,633 Allowance for loan losses 3,486 2,682 6,168 Net loans $ 187,500 $ 72,016 $ 259,516 The Company makes commercial, real estate and installment loans to its customers. Although the Company has a diversified loan portfolio, 61.9% and 68.5% of the portfolio was concentrated in loans secured by real estate located primarily within a single geographic region of the United States as of June 30, 2015 and December 31, 2014, respectively. 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. Management believes that such loans do not represent more than a normal risk of collectability, nor do they present other unfavorable features. The aggregate balances of such related party loans and commitments as of June 30, 2015 and December 31, 2014 were $3.0 million and $3.1 million, respectively. During the six months ended June 30, 2015, there were no new loans to these parties, and repayments by active related parties were $0.1 million. During the year ended December 31, 2014, there were no new loans to these related parties, and repayments by active related parties were $0.5 million. Allowance for Loan Losses: The following tables present changes in the allowance for loan losses by loan portfolio segment and loan type as of June 30, 2015 and December 31, 2014: FUSB Six Months Ended June 30, 2015 Commercial Commercial Real Consumer Residential Real Other Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ 141 $ 2,810 $ 114 $ 421 $ — $ 3,486 Charge-offs — (105 ) (14 ) (40 ) — (159 ) Recoveries 22 11 32 27 — 92 Provision (46 ) (609 ) (90 ) (225 ) — (970 ) Ending balance 117 2,107 42 183 — 2,449 Ending balance individually evaluated for impairment 96 886 — — — 982 Ending balance collectively evaluated for impairment $ 21 $ 1,221 $ 42 $ 183 $ — $ 1,467 Loan receivables: Ending balance 18,198 111,204 6,910 30,564 786 167,662 Ending balance individually evaluated for impairment 460 6,394 — 96 — 6,950 Ending balance collectively evaluated for impairment $ 17,738 $ 104,810 $ 6,910 $ 30,468 $ 786 $ 160,712 ALC Six Months Ended June 30, 2015 Commercial Commercial Real Consumer Residential Real Other Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ — $ — $ 2,336 $ 346 $ — $ 2,682 Charge-offs — — (1,229 ) (143 ) — (1,372 ) Recoveries — — 390 10 — 400 Provision — — 779 70 — 849 Ending balance — — 2,276 283 — 2,559 Ending balance individually evaluated for impairment — — — — — — Ending balance collectively evaluated for impairment $ — $ — $ 2,276 $ 283 $ — $ 2,559 Loan receivables: — Ending balance — — 73,342 19,129 — 92,471 Ending balance individually evaluated for impairment — — — — — — Ending balance collectively evaluated for impairment $ — $ — $ 73,342 $ 19,129 $ — $ 92,471 FUSB & ALC Six Months Ended June 30, 2015 Commercial Commercial Real Consumer Residential Real Other Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ 141 $ 2,810 $ 2,450 $ 767 $ — $ 6,168 Charge-offs — (105 ) (1,243 ) (183 ) — (1,531 ) Recoveries 22 11 422 37 — 492 Provision (46 ) (609 ) 689 (155 ) — (121 ) Ending balance 117 2,107 2,318 466 — 5,008 Ending balance individually evaluated for impairment 96 886 — — — 982 Ending balance collectively evaluated for impairment $ 21 $ 1,221 $ 2,318 $ 466 $ — $ 4,026 Loan receivables: Ending balance 18,198 111,204 80,252 49,693 786 260,133 Ending balance individually evaluated for impairment 460 6,394 — 96 — 6,950 Ending balance collectively evaluated for impairment $ 17,738 $ 104,810 $ 80,252 $ 49,597 $ 786 $ 253,183 FUSB Year Ended December 31, 2014 Commercial Commercial Real Consumer Residential Real Other Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ 592 $ 4,852 $ 180 $ 635 $ 13 $ 6,272 Charge-offs (289 ) (1,329 ) (147 ) (176 ) — (1,941 ) Recoveries 307 587 129 51 1 1,075 Provision (469 ) (1,300 ) (48 ) (89 ) (14 ) (1,920 ) Ending balance 141 2,810 114 421 — 3,486 Ending balance individually evaluated for impairment — 762 — — — 762 Ending balance collectively evaluated for impairment $ 141 $ 2,048 $ 114 $ 421 $ — $ 2,724 Loan receivables: Ending balance 16,838 135,775 7,188 30,795 579 191,175 Ending balance individually evaluated for impairment — 10,509 — 96 — 10,605 Ending balance collectively evaluated for impairment $ 16,838 $ 125,266 $ 7,188 $ 30,699 $ 579 $ 180,570 ALC Year Ended December 31, 2014 Commercial Commercial Real Estate Consumer Residential Real Estate Other Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ — $ — $ 2,667 $ 457 $ — $ 3,124 Charge-offs — — (2,778 ) (311 ) — (3,089 ) Recoveries — — 772 29 — 801 Provision — — 1,675 171 — 1,846 Ending balance — — 2,336 346 — 2,682 Ending balance individually evaluated for impairment — — — — — — Ending balance collectively evaluated for impairment $ — $ — $ 2,336 $ 346 $ — $ 2,682 Loan receivables: Ending balance — — 61,833 21,309 — 83,142 Ending balance individually evaluated for impairment — — — — — — Ending balance collectively evaluated for impairment $ — $ — $ 61,833 $ 21,309 $ — $ 83,142 FUSB & ALC Year Ended December 31, 2014 Commercial Commercial Real Estate Consumer Residential Real Estate Other Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ 592 $ 4,852 $ 2,847 $ 1,092 $ 13 $ 9,396 Charge-offs (289 ) (1,329 ) (2,925 ) (487 ) — (5,030 ) Recoveries 307 587 901 80 1 1,876 Provision (469 ) (1,300 ) 1,627 82 (14 ) (74 ) Ending balance 141 2,810 2,450 767 — 6,168 Ending balance individually evaluated for impairment — 762 — — — 762 Ending balance collectively evaluated for impairment $ 141 $ 2,048 $ 2,450 $ 767 $ — $ 5,406 Loan receivables: Ending balance 16,838 135,775 69,021 52,104 579 274,317 Ending balance individually evaluated for impairment — 10,509 — 96 — 10,605 Ending balance collectively evaluated for impairment $ 16,838 $ 125,266 $ 69,021 $ 52,008 $ 579 $ 263,712 Credit Quality: The Bank utilizes a credit grading system that provides a uniform framework for establishing and monitoring credit risk in the loan portfolio. Under this system, each loan is graded, based on pre-determined risk metrics, and categorized into one of nine risk grades. These risk grades can be summarized into categories described as pass, special mention, substandard, doubtful and loss, as described in further detail below. · Pass (Risk Grades 1-5): Loans in this category include obligations in which the probability of default is considered low. · Special Mention (Risk Grade 6): Loans 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. Although a special mention asset has a higher probability of default than pass rated categories, its default is not imminent. · Substandard (Risk Grade 7): Loans in this category have defined weaknesses that jeopardize the orderly liquidation of debt. A substandard loan is inadequately protected by the current sound worth and paying capacity of the obligor or by the collateral pledged, if any. Normal repayment from the borrower is in jeopardy, although no loss of principal is envisioned. There is a distinct possibility that a partial loss of interest and/or principal will occur if the deficiencies are not corrected. Loss potential, while existing in the aggregate amount of substandard assets, does not have to exist in individual assets classified as substandard. · Doubtful (Risk Grade 8): Loans classified as doubtful have all of the weaknesses found in substandard loans, with the added characteristic that the weaknesses make collection of debt in full, based on currently existing facts, conditions and values, highly questionable or improbable. Serious problems exist such that partial loss of principal is likely; however, 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. Such pending factors may include proposed merger, acquisition or liquidation procedures, capital injection, perfection of liens on additional collateral and refinancing plans. Loans classified as doubtful may include loans to borrowers that have demonstrated a history of failing to live up to agreements. · Loss (Risk Grade 9): Loans are classified in this category when borrowers are deemed incapable of repayment of unsecured debt. Loans to such borrowers are considered uncollectable 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 that it is not prudent to defer writing off these assets, even though partial recovery may be effected in the future. At ALC, because the loan portfolio is more uniform in nature, each loan is categorized into one of two risk grades, depending on whether the loan is considered to be performing or nonperforming. Performing loans are loans that are paying principal and interest in accordance with a contractual agreement. Nonperforming loans are loans that are either not paying as contractually agreed or that have demonstrated characteristics that indicate a probability of loss. The tables below illustrate the carrying amount of loans by credit quality indicator as of June 30, 2015. FUSB Pass 1-5 Special Mention 6 Substandard 7 Doubtful 8 Total (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ 10,388 $ — $ 1,975 $ — $ 12,363 Secured by 1-4 family residential properties 29,284 236 1,044 — 30,564 Secured by multi-family residential properties 14,813 — 2,350 — 17,163 Secured by non-farm, non-residential properties 75,431 3,158 3,032 — 81,621 Other 57 — — — 57 Commercial and industrial loans 16,658 780 760 — 18,198 Consumer loans 6,810 — 100 — 6,910 Other loans 786 — — — 786 Total $ 154,227 $ 4,174 $ 9,261 $ — $ 167,662 ALC Performing Nonperforming Total (Dollars in Thousands) Loans secured by real estate: Secured by 1-4 family residential properties $ 18,635 $ 494 $ 19,129 Consumer loans 72,045 1,297 73,342 Total $ 90,680 $ 1,791 $ 92,471 The tables below illustrate the carrying amount of loans by credit quality indicator as of December 31, 2014. FUSB Pass 1-5 Special Mention 6 Substandard 7 Doubtful 8 Total (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ 5,326 $ 2,515 $ 2,590 $ — $ 10,431 Secured by 1-4 family residential properties 27,956 638 2,201 — 30,795 Secured by multi-family residential properties 18,033 — 2,370 — 20,403 Secured by non-farm, non-residential properties 86,812 10,905 7,166 — 104,883 Other 58 — — — 58 Commercial and industrial loans 14,915 1,222 701 — 16,838 Consumer loans 6,744 105 339 — 7,188 Other loans 577 — 2 — 579 Total $ 160,421 $ 15,385 $ 15,369 $ — $ 191,175 ALC Performing Nonperforming Total (Dollars in Thousands) Loans secured by real estate: Secured by 1-4 family residential properties $ 20,778 $ 531 $ 21,309 Consumer loans 60,459 1,374 61,833 Total $ 81,237 $ 1,905 $ 83,142 The following tables provide an aging analysis of past due loans by class as of June 30, 2015. FUSB As of June 30, 2015 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Past Due Current Total Loans Recorded Investment > 90 Days And Accruing (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ — $ 430 $ 86 $ 516 $ 11,847 $ 12,363 $ — Secured by 1-4 family residential properties 151 103 405 659 29,905 30,564 — Secured by multi-family residential properties — — — — 17,163 17,163 — Secured by non-farm, non-residential properties — — 762 762 80,859 81,621 — Other — — — — 57 57 — Commercial and industrial loans 52 — — 52 18,146 18,198 — Consumer loans 45 19 — 64 6,846 6,910 — Other loans — — — — 786 786 — Total $ 248 $ 552 $ 1,253 $ 2,053 $ 165,609 $ 167,662 $ — ALC As of June 30, 2015 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Past Due Current Total Loans Recorded 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 34 40 472 546 18,583 19,129 — Secured by multi-family residential properties — — — — — — — Secured by non-farm, non-residential properties — — — — — — — Other — — — — — — — Commercial and industrial loans — — — — — — — Consumer loans 637 373 1,280 2,290 71,052 73,342 — Other loans — — — — — — — Total $ 671 $ 413 $ 1,752 $ 2,836 $ 89,635 $ 92,471 $ — The following tables provide an aging analysis of past due loans by class as of December 31, 2014. FUSB As of December 31, 2014 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Past Due Current Total Loans Recorded Investment > 90 Days And Accruing (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ 41 $ — $ 86 $ 127 $ 10,304 $ 10,431 $ — Secured by 1-4 family residential properties 200 20 852 1,072 29,723 30,795 — Secured by multi-family residential properties — — — — 20,403 20,403 — Secured by non-farm, non-residential properties 268 159 1,743 2,170 102,713 104,883 — Other — — — — 58 58 — Commercial and industrial loans — 8 — 8 16,830 16,838 — Consumer loans 12 3 24 39 7,149 7,188 — Other loans 4 — 12 16 563 579 11 Total $ 525 $ 190 $ 2,717 $ 3,432 $ 187,743 $ 191,175 $ 11 ALC As of December 31, 2014 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Past Due Current Total Loans Recorded 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 182 147 501 830 20,479 21,309 401 Secured by multi-family residential properties — — — — — — — Secured by non-farm, non-residential properties — — — — — — — Other — — — — — — — Commercial and industrial loans — — — — — — — Consumer loans 671 558 1,346 2,575 59,258 61,833 1,335 Other loans — — — — — — — Total $ 853 $ 705 $ 1,847 $ 3,405 $ 79,737 $ 83,142 $ 1,736 The following table provides an analysis of non-accruing loans by class as of June 30, 2015 and December 31, 2014. Loans on Non-Accrual Status June 30, 2015 December 31, 2014 (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ 345 $ 956 Secured by 1-4 family residential properties 1,137 1,277 Secured by non-farm, non-residential properties 845 2,314 Commercial and industrial loans 119 139 Consumer loans 1,372 140 Total loans $ 3,818 $ 4,826 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 $0.5 million or more that have a credit quality risk grade of seven or above are identified for impairment analysis. Impaired loans, or portions thereof, are charged off when deemed uncollectable. As of June 30, 2015, the carrying amount of impaired loans consisted of the following: June 30, 2015 Impaired loans with no related allowance recorded Carrying Amount Unpaid Principal Balance Related Allowances (Dollars in Thousands) Loans secured by real estate Construction, land development and other land loans $ — $ — $ — Secured by 1-4 family residential properties 96 96 — Secured by multi-family residential properties 749 749 — Secured by non-farm, non-residential properties 1,135 1,135 — Commercial and industrial — — — Total loans with no related allowance recorded $ 1,980 $ 1,980 $ — Impaired loans with an allowance recorded Loans secured by real estate Construction, land development and other land loans $ 1,445 $ 1,445 $ 95 Secured by 1-4 family residential properties — — — Secured by multi-family residential properties 1,601 1,601 691 Secured by non-farm, non-residential properties 1,464 1,464 100 Commercial and industrial 460 460 96 Total loans with an allowance recorded $ 4,970 $ 4,970 $ 982 Total impaired loans Loans secured by real estate Construction, land development and other land loans $ 1,445 $ 1,445 $ 95 Secured by 1-4 family residential properties 96 96 — Secured by multi-family residential properties 2,350 2,350 691 Secured by non-farm, non-residential properties 2,599 2,599 100 Commercial and industrial 460 460 96 Total impaired loans $ 6,950 $ 6,950 $ 982 As of December 31, 2014, the carrying amount of impaired loans consisted of the following: December 31, 2014 Impaired loans with no related allowance recorded Carrying Amount Unpaid Principal Balance Related Allowances (Dollars in Thousands) Loans secured by real estate Construction, land development and other land loans $ 1,445 $ 1,445 $ — Secured by 1-4 family residential properties 96 96 — Secured by multi-family residential properties 755 1,146 — Secured by non-farm, non-residential properties 6,091 6,091 — Commercial and industrial — — — Total loans with no related allowance recorded $ 8,387 $ 8,778 $ — Impaired loans with an allowance recorded Loans secured by real estate Construction, land development and other land loans $ 603 $ 603 $ 71 Secured by 1-4 family residential properties — — — Secured by multi-family residential properties 1,615 1,615 691 Secured by non-farm, non-residential properties — — — Commercial and industrial — — — Total loans with an allowance recorded $ 2,218 $ 2,218 $ 762 Total impaired loans Loans secured by real estate Construction, land development and other land loans $ 2,048 $ 2,048 $ 71 Secured by 1-4 family residential properties 96 96 — Secured by multi-family residential properties 2,370 2,761 691 Secured by non-farm, non-residential properties 6,091 6,091 — Commercial and industrial — — — Total impaired loans $ 10,605 $ 10,996 $ 762 The average net investment in impaired loans and interest income recognized and received on impaired loans during the six months ended June 30, 2015 and the year ended December 31, 2014 were as follows: June 30, 2015 Average Recorded Investment Interest Income Recognized Interest Income Received (Dollars in Thousands) Loans secured by real estate Construction, land development and other land loans $ 3,081 $ 20 $ 22 Secured by 1-4 family residential properties 193 — — Secured by multi-family residential properties 4,997 72 63 Secured by non-farm, non-residential properties 9,138 289 279 Commercial and industrial 153 14 13 Total $ 17,562 $ 395 $ 377 December 31, 2014 Average Recorded Investment Interest Income Recognized Interest Income Received (Dollars in Thousands) Loans secured by real estate Construction, land development and other land loans $ 2,769 $ 46 $ 46 Secured by 1-4 family residential properties 143 3 3 Secured by multi-family residential properties 3,565 178 170 Secured by non-farm, non-residential properties 8,186 324 320 Commercial and industrial 80 1 1 Total $ 14,743 $ 552 $ 540 Loans on which the accrual of interest has been discontinued amounted to $3.8 million and $4.8 million as of June 30, 2015 and December 31, 2014, respectively. If interest on those loans had been accrued, there would have been $33 thousand and $0.1 million accrued for the periods ended June 30, 2015 and December 31, 2014, respectively. Interest income recorded related to these loans as of June 30, 2015 and December 31, 2014 was $0.3 million and $0.2 million, respectively. Troubled Debt Restructurings: Troubled debt restructurings include loans with respect to which concessions have been granted to borrowers that generally would not have otherwise been considered had the borrowers not been experiencing financial difficulty. The concessions granted may include payment schedule modifications, interest rate reductions, maturity date extensions, modification of note structure, principal balance reductions or some combination of these concessions. Restructured loans may 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 with all other non-accrual loans. In addition, all accruing restructured loans are reported as troubled debt restructurings. Generally, restructured loans remain on non-accrual until the customer has attained a sustained period of repayment performance under the modified loan terms (generally a minimum of six months). However, performance prior to the restructuring, or significant events that coincide with the restructuring, are considered in assessing whether the borrower can meet the new terms and whether the loan should be returned to or maintained on non-accrual status. If the borrower’s ability to meet the revised payment schedule is not reasonably assured, the loan remains on non-accrual. As of June 30, 2015 and 2014, respectively, the Company had $1.2 million and $3.4 million of non-accruing loans that were previously restructured and that remained on non-accrual status. For the six months ended June 30, 2015 and the year ended December 31, 2014, the Company had no restructured loans that were restored to accrual status based on a sustained period of repayment performance. The following table provides the number of loans that the Bank had modified in a troubled debt restructuring by loan portfolio as of June 30, 2015 and December 31, 2014, as well as the pre- and post-modification principal balance as of June 30, 2015 and December 31, 2014. June 30, 2015 December 31, 2014 Number of Loans Pre- Modification Outstanding Principal Balance Post- Modification Principal Balance Number of Loans Pre- Modification Outstanding Principal Balance Post- Modification Principal Balance (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans 3 $ 2,220 $ 1,755 4 $ 3,282 $ 2,365 Secured by 1-4 family residential properties 4 200 149 4 200 156 Secured by non-farm, non-residential properties 5 1,368 908 6 1,448 1,299 Commercial loans 3 159 99 4 159 109 Total 15 $ 3,947 $ 2,911 18 $ 5,089 $ 3,929 The following table provides the number of loans modified in a troubled debt restructuring that have subsequently defaulted, by loan portfolio, as of June 30, 2015 and December 31, 2014. June 30, 2015 December 31, 2014 Number of Loans Recorded Investment Number of Loans Recorded Investment (Dollars in Thousands) Construction, land development and other land loans — $ — — $ — Secured by non-farm, non-residential properties 2 610 2 886 Total 2 $ 610 2 $ 886 Restructured loan modifications primarily included maturity date extensions and payment schedule modifications. There were no modifications to principal balances of the loans that were restructured. Accordingly, there was no impact on the Company’s allowance for loan losses resulting from the modifications. All loans with a principal balance of $0.5 million or more that have been modified in a troubled debt restructuring are considered impaired and evaluated individually for impairment. The nature and extent of impairment of restructured loans, including those that 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 attributable to such restructured loans of $4 thousand and $0.9 million as of June 30, 2015 and December 31, 2014, respectively. |
Other Real Estate Owned
Other Real Estate Owned | 6 Months Ended |
Jun. 30, 2015 | |
Banking And Thrift [Abstract] | |
Other Real Estate Owned | 7. OTHER REAL ESTATE OWNED Other real estate and certain other assets acquired in foreclosure are reported at the lower of the investment in the loan or fair value of the property, less estimated costs to sell. The following table summarizes foreclosed property activity as of the six months ended June 30, 2015 and 2014: June 30, 2015 FUSB ALC Total (Dollars in Thousands) Beginning Balance $ 6,997 $ 738 $ 7,735 Transfers from loans 996 118 1,114 Sales proceeds (1,274 ) (96 ) (1,370 ) Gross gains 4 — 4 Gross losses (190 ) (60 ) (250 ) Net gains (losses) (186 ) (60 ) (246 ) Impairment (24 ) (41 ) (65 ) Ending Balance $ 6,509 $ 659 $ 7,168 June 30, 2014 FUSB ALC Total (Dollars in Thousands) Beginning Balance $ 8,463 $ 847 $ 9,310 Transfers from loans 4,020 232 4,252 Sales proceeds (2,956 ) (151 ) (3,107 ) Gross gains 230 — 230 Gross losses (127 ) (58 ) (185 ) Net gains (losses) 103 (58 ) 45 Impairment (146 ) (47 ) (193 ) Ending Balance $ 9,484 $ 823 $ 10,307 Valuation adjustments are recorded in other non-interest expense and 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. The amount of foreclosed residential real estate that the Company held as of June 30, 2015 was $1.1 million. The Company also held $0.5 million in consumer mortgage loans collateralized by residential real estate that were in the process of foreclosure as of June 30, 2015. |
Investment in Limited Partnersh
Investment in Limited Partnerships | 6 Months Ended |
Jun. 30, 2015 | |
Equity Method Investments And Joint Ventures [Abstract] | |
Investment in Limited Partnerships | 8. INVESTMENTS IN LIMITED PARTNERSHIPS The Bank holds investments in affordable housing projects for which it provides funding as a limited partner and has received tax credits related to its investments in the projects based on its partnership share. Historically, the Bank’s investments have included both direct investments and investments in funds that invest solely in affordable housing projects. The net assets of the partnerships consist primarily of apartment complexes and the primary liabilities consist of those associated with the operation of the partnerships. The Company has determined that these structures require evaluation as a VIE under Accounting Standards Codification (“ASC”) Topic 810, Consolidation. Accounting for Tax Benefits Resulting from Investments in Affordable Housing Projects |
Short-Term Borrowings
Short-Term Borrowings | 6 Months Ended |
Jun. 30, 2015 | |
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 June 30, 2015 or December 31, 2014. 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 June 30, 2015 and December 31, 2014 totaled $1.0 million and $0.4 million, respectively. As of both June 30, 2015 and December 31, 2014, the Bank had $18.8 million in remaining federal funds lines available from correspondent banks. |
Long-Term Debt
Long-Term Debt | 6 Months Ended |
Jun. 30, 2015 | |
Debt Disclosure [Abstract] | |
Long-Term Debt | 10. LONG-TERM DEBT The Company uses Federal Home Loan Bank (“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. The Company had FHLB advances outstanding of $5.0 million as of both June 30, 2015 and December 31, 2014, respectively, and assets pledged associated with these advances of $6.9 million and $5.7 million, respectively. As of June 30, 2015 and December 31, 2014, the Bank had $168.1 million and $166.8 million, respectively, in remaining credit from the FHLB (subject to available collateral). |
Income Taxes
Income Taxes | 6 Months Ended |
Jun. 30, 2015 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 11. INCOME TAXES The provision for income taxes was $0.7 million and $0.9 million for the six-month periods ended June 30, 2015 and 2014, respectively. The Company’s effective tax rate was 29.2% and 30.7% for the same periods. The effective tax rate is impacted by recurring permanent differences, such as those associated with bank-owned life insurance and tax-exempt investment and loan income. The Company had a net deferred tax asset of $7.8 million and $7.9 million as of June 30, 2015 and December 31, 2014, respectively. The reduction in the net deferred tax asset resulted primarily from a decrease in the allowance for loan losses, partially offset by the impact of changes in the fair value of securities available-for-sale. |
Stock Option Grants
Stock Option Grants | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Stock Option Grants | 12. STOCK OPTION GRANTS As of June 30, 2015 and June 30, 2014, the Company had outstanding stock options granted by USBI to certain employees and non-employee directors under the 2013 Incentive Plan. The stock option awards were granted with an exercise price equal to the market price of USBI’s common stock on the date of the grant. The awards granted were either fully vested or had a vesting period of one year, with a contractual 10-year term. The Company recognizes the cost of services received in exchange for stock options based on the grant date fair value of the award. The fair value is determined using the Black-Scholes option pricing model, and the compensation cost is recognized on a straight-line basis over the vesting period of the award. Stock-based compensation expense related to stock options was $0.1 million for the six-month period ended June 30, 2015, and less than $0.1 million for the six-month period ended June 30, 2014. The following table summarizes the Company’s stock option activity for the periods presented. Six Months Ended June 30, 2015 June 30, 2014 Number of Shares Average Exercise Price Number of Shares Average Exercise Price Options: Outstanding, beginning of period 83,400 $ 8.09 — $ — Granted 96,150 8.23 10,750 8.00 Exercised — — — — Expired — 8.09 — — Forfeited 2,500 — — — Options outstanding, end of period 177,050 $ 8.16 10,750 $ 8.00 Options exercisable, end of period 81,900 $ 8.09 — $ — The awards granted in 2015 have a vesting period of one year, with a contractual 10-year term. To calculate the fair value of these awards, the Company used a risk-free interest rate of 1.5%, an expected option life of 7.5 years and a dividend rate of 1.5%. Stock price volatility was calculated using a three-year stock price history. The aggregate intrinsic value (calculated as the amount by which the market value of the underlying stock exceeds the exercise price of the option) was less than $0.1 million as of both June 30, 2015 and 2014. |
Segment Reporting
Segment Reporting | 6 Months Ended |
Jun. 30, 2015 | |
Segment Reporting [Abstract] | |
Segment Reporting | 1 3 . SEGMENT REPORTING Under ASC Topic 280, Segment Reporting All FUSB ALC Other Eliminations Consolidated (Dollars in Thousands) For the three months ended June 30, 2015: Net interest income $ 3,991 $ 3,176 $ 3 $ — $ 7,170 Provision (reduction in reserve) for loan losses (445 ) 490 — — 45 Total non-interest income 861 235 1,093 (1,121 ) 1,068 Total non-interest expense 4,386 2,477 386 (142 ) 7,107 Income before income taxes 911 444 710 (979 ) 1,086 Provision for income taxes 264 153 (105 ) — 312 Net income $ 647 $ 291 $ 815 $ (979 ) $ 774 Other significant items: Total assets $ 562,900 $ 84,139 $ 81,816 $ (168,205 ) $ 560,650 Total investment securities 246,096 — 80 — 246,176 Total loans, net 237,357 79,971 — (72,335 ) 244,993 Investment in subsidiaries 5 — 76,488 (76,488 ) 5 Fixed asset addition 639 87 — — 726 Depreciation and amortization expense 155 61 — — 216 Total interest income from external customers 3,640 4,095 — — 7,735 Total interest income from affiliates 918 — 3 (921 ) — For the six months ended June 30, 2015: Net interest income $ 7,835 $ 6,037 $ 5 $ — $ 13,877 Provision (reduction in reserve) for loan losses (970 ) 849 — — (121 ) Total non-interest income 2,011 455 2,206 (2,313 ) 2,359 Total non-interest expense 8,667 4,970 743 (296 ) 14,084 Income before income taxes 2,149 673 1,468 (2,017 ) 2,273 Provision for income taxes 635 239 (211 ) — 663 Net income $ 1,514 $ 434 $ 1,679 $ (2,017 ) $ 1,610 Other significant items: Fixed asset addition $ 1,610 $ 249 $ — $ — $ 1,859 Depreciation and amortization expense 308 120 — — 428 Total interest income from external customers 7,217 7,838 1 — 15,056 Total interest income from affiliates 1,801 — 4 (1,805 ) — All FUSB ALC Other Eliminations Consolidated (Dollars in Thousands) For the three months ended June 30, 2014: Net interest income $ 4,101 $ 3,197 $ 2 $ — $ 7,300 Provision (reduction in reserve) for loan losses (325 ) 61 — — (264 ) Total non-interest income 1,286 286 1,425 (1,512 ) 1,485 Total non-interest expense 4,767 2,443 193 (180 ) 7,223 Income before income taxes 945 979 1,234 (1,332 ) 1,826 Provision for income taxes 230 377 1 — 608 Net income $ 715 $ 602 $ 1,233 $ (1,332 ) $ 1,218 Other significant items: Total assets $ 572,377 $ 71,303 $ 79,408 $ (152,396 ) $ 570,692 Total investment securities 209,865 — 80 — 209,945 Total loans, net 262,533 68,488 — (58,935 ) 272,086 Investment in subsidiaries 5 — 74,262 (74,262 ) 5 Fixed asset addition 159 1 — — 160 Depreciation and amortization expense 131 53 — — 184 Total interest income from external customers 3,935 3,995 — — 7,930 Total interest income from affiliates 799 — 2 (801 ) — For the six months ended June 30, 2014: Net interest income $ 8,188 $ 6,308 $ 5 $ — $ 14,501 Provision (reduction in reserve) for loan losses (500 ) 650 — — 150 Total non-interest income 2,217 572 2,468 (2,625 ) 2,632 Total non-interest expense 9,097 4,999 402 (391 ) 14,107 Income before income taxes 1,808 1,231 2,071 (2,234 ) 2,876 Provision for income taxes 406 476 2 — 884 Net income $ 1,402 $ 755 $ 2,069 $ (2,234 ) $ 1,992 Other significant items: Fixed asset addition $ 867 $ 14 $ — $ — $ 881 Depreciation and amortization expense 259 105 — — 364 Total interest income from external customers 7,904 7,872 — — 15,776 Total interest income from affiliates 1,564 — 4 (1,568 ) — |
Guarantees, Commitments and Con
Guarantees, Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2015 | |
Commitments And Contingencies Disclosure [Abstract] | |
Guarantees, Commitments and Contingencies | 1 4 . GUARANTEES, COMMITMENTS AND CONTINGENCIES The Bank’s exposure to credit loss in the event of nonperformance by the other party for commitments to make loans and standby letters of credit is represented by the contractual amount of those instruments. The Bank uses the same credit policies in making these commitments as it does for on-balance sheet instruments. For interest rate swap transactions and commitments to purchase or sell securities for forward delivery, the contract or notional amounts do not represent exposure to credit loss. The Bank controls the credit risk of these derivative instruments through credit approvals, limits and monitoring procedures. Certain derivative contracts have credit risk for the carrying value plus the amount to replace such contracts in the event of counterparty default. All of the Bank’s financial instruments are held for risk management and not for trading purposes. During the quarters ended June 30, 2015 and 2014, respectively, 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: June 30, 2015 December 2014 (Dollars in Thousands) Standby letters of credit $ 683 $ 833 Commitments to extend credit $ 29,914 $ 31,644 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. As of June 30, 2015 and December 31, 2014, 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 in this category, is 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 June 30, 2015 and December 31, 2014, there were no outstanding commitments to purchase securities for delayed delivery and no outstanding commitments to sell securities for delayed delivery. Litigation On December 2, 2013, Wayne Allen Russell filed a lawsuit against the Bank in the Circuit Court of Tuscaloosa County, Alabama, 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 is vigorously defending the lawsuit. At this time, discovery is ongoing, and the Company is unable to assess the likelihood of a resolution or the possibility of an unfavorable outcome in this matter. 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 of Financial Instrum
Fair Value of Financial Instruments | 6 Months Ended |
Jun. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Instruments | 1 5 . FAIR VALUE OF FINANCIAL INSTRUMENTS The Company follows the provisions of ASC Topic 820, Fair Value Measurements and Disclosures 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 or Nasdaq. 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 six months ended June 30, 2015 or the year ended December 31, 2014. 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 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. Interest Rate Cap Derivative Agreements Interest rate cap agreements were included in other assets at fair value on the Company’s balance sheet as of June 30, 2015. The interest rate caps qualify as derivatives but are not designated as hedging instruments. Accordingly, changes in fair value are included in results of operations. The fair value of these agreements is based on information obtained from third-party financial institutions. This information is periodically evaluated by the Company and, as necessary, corroborated against other third-party valuations. The Company classifies these derivative assets within Level 2 of the valuation hierarchy. The following table presents assets measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014. There were no liabilities measured at fair value on a recurring basis for either period presented. Fair Value Measurements as of June 30, 2015 Using Totals At June 30, 2015 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (Dollars in Thousands) Investment securities, available-for-sale Mortgage-backed securities: Residential $ 138,769 $ — $ 138,769 $ — Commercial 45,147 — 45,147 — Obligations of states and political subdivisions 15,461 — 15,461 — Obligations of U.S. government-sponsored agencies 2,000 — 2,000 — Corporate notes 790 — 790 — U.S. Treasury securities 80 — 80 — Other assets - derivatives 14 — 14 — Fair Value Measurements as of December 31, 2014 Using Totals At December 2014 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (Dollars in Thousands) Investment securities, available-for-sale Mortgage-backed securities: Residential $ 141,684 $ — $ 141,684 $ — Commercial 35,944 — 35,944 — Obligations of states and political subdivisions 16,914 — 16,914 — Obligations of U.S. government-sponsored agencies 6,364 — 6,364 — U.S. Treasury securities 4,060 — 4,060 — Other assets - derivatives 68 — 68 — Fair Value Measurements on a Non-recurring Basis Impaired Loans Loans that are considered impaired are loans for which, based on current information and events, it is probable that the Company will be unable to collect all principal and interest payments due under the contractual terms of the loan agreement. Impaired loans can be measured based on the present value of expected payments using the loan’s original effective rate as the discount rate, the loan’s observable market price or the fair value of the collateral less estimated selling cost if the loan is collateral-dependent. For the Company, the fair value of impaired loans was primarily measured based on the value of the collateral (typically real estate) securing the loans. The Company determines the fair value of the collateral based on independent appraisals performed by qualified licensed appraisers. The appraisals may include a single valuation approach or a combination of approaches, including comparable sales and income approaches. Appraised values are discounted for estimated costs to sell and may be discounted further based on management’s knowledge of the collateral, changes in market conditions since the most recent appraisal and/or management’s knowledge of the borrower and the borrower’s business. Such discounts by management are subjective and are typically significant unobservable inputs for determining fair value. Impaired loans are evaluated by management for additional impairment at least quarterly and are adjusted accordingly. Other Real Estate Owned (OREO) OREO consists of properties obtained through foreclosure or in satisfaction of loans and is recorded at the lower of the loan’s carrying amount or the fair value of the property, less estimated cost to sell. Estimates of fair value are generally based on third-party appraisals of the property and are classified within Level 3 of the fair value hierarchy. The appraisals are sometimes discounted based on management’s knowledge of the property and/or changes in market conditions from the date of the most recent appraisal. Such discounts are typically significant unobservable inputs for determining fair value. The following table presents the balances of impaired loans and OREO measured at fair value on a non-recurring basis as of June 30, 2015 and December 31, 2014. Fair Value Measurements as of June 30, 2015 Using Totals At June 30, 2015 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (Dollars in Thousands) Impaired loans $ 3,988 $ — $ — $ 3,988 OREO 7,168 — — 7,168 Fair Value Measurements as of December 31, 2014 Using Totals At December 31, 2014 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (Dollars in Thousands) Impaired loans $ 1,456 $ — $ — $ 1,456 OREO 7,735 — — 7,735 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 June 30, 2015. 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 June 30, 2015, 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 June 30, 2015 Valuation Technique Unobservable Quantitative of Unobservable Inputs (Weighted Average) (Dollars in Thousands) Non-recurring fair value measurements: Impaired loans $ 3,988 Multiple data points, including discount to appraised value of collateral based on recent market activity Appraisal comparability adjustment (discount) 9% - 10% (9.0%) OREO $ 7,168 Discount to appraised value of property based on recent market activity for sales of similar properties Appraisal comparability adjustment (discount) 9% - 10% (9.0%) Impaired Loans Impaired loans are valued based on multiple data points indicating the fair value for each loan. The primary data point 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. OREO OREO under a binding contract for sale is 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 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 stock: Based on the redemption provision of the FHLB, the stock has no quoted market value and is carried at cost. Investment securities: Fair values of investment 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. Derivative instruments: The fair value of derivative instruments is based on information obtained from a third-party financial institution. This information is periodically evaluated by the Company and, as necessary, corroborated against other third-party information. 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 June 30, 2015 and December 31, 2014. 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 June 30, 2015 and December 31, 2014, were as follows: June 30, 2015 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 (Dollars in Thousands) Assets: Cash and cash equivalents $ 25,053 $ 25,053 $ 25,053 $ — $ — Investment securities available-for-sale 202,247 202,247 — 202,247 — Investment securities held-to-maturity 43,929 43,629 — 43,629 — Federal Home Loan Bank stock 740 740 — — 740 Loans, net of allowance for loan losses 244,993 246,865 — — 246,865 Other assets – derivatives 14 14 — 14 — Liabilities: Deposits 471,141 471,692 — 471,692 — Short-term borrowings 985 985 — 985 — Long-term debt 5,000 5,002 — 5,002 — December 31, 2014 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 (Dollars in Thousands) Assets: Cash and cash equivalents $ 34,166 $ 34,166 $ 34,166 $ — $ — Investment securities available-for-sale 204,966 204,966 — 204,966 — Investment securities held-to-maturity 29,120 29,154 — 29,154 — Federal Home Loan Bank stock 738 738 — — 738 Loans, net of allowance for loan losses 259,516 259,337 — — 259,337 Other assets – derivatives 68 68 — 68 — Liabilities: Deposits 483,659 484,108 — 484,108 — Short-term borrowings 436 436 — 436 — Long-term debt 5,000 5,007 — 5,007 — |
Recent Accounting Pronounceme23
Recent Accounting Pronouncements (Policies) | 6 Months Ended |
Jun. 30, 2015 | |
Accounting Policies [Abstract] | |
Recent Accounting Pronouncements | In January 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force). In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) In August 2014, the FASB issued ASU 2014-14 , Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Residential Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force). In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis, In April 2015, the FASB issued new accounting guidance on the accounting for fees paid in a cloud computing arrangement. The standard provides guidance on how customers should evaluate whether such arrangements contain a software license that should be accounted for separately. A customer that determines a cloud computing arrangement contains a software license must account for the license consistently with the acquisition of other software licenses. If an arrangement does not contain a software license, the customer is required to account for it as a service contract. As a result, all software licenses within the scope of this guidance will be accounted for consistently with other licenses of intangible assets. The guidance is effective for annual and interim periods beginning after December 15, 2015. Entities can elect to apply the guidance either retrospectively or prospectively to all cloud computing arrangements entered into or materially modified after the effective date. Early adoption is permitted. The Company is evaluating the potential impact on the Company’s consolidated financial statements. |
Net Income Per Share (Tables)
Net Income Per Share (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Earnings Per Share [Abstract] | |
Summary of Basic and Diluted Net Income Per Share Calculations | The following table reflects weighted average shares used to calculate basic and diluted net income per share for the periods presented. Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Basic shares 6,139,268 6,115,689 6,136,882 6,115,475 Dilutive shares 177,050 10,750 177,050 10,750 Diluted shares 6,316,318 6,126,439 6,313,932 6,126,225 Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 (Dollars in Thousands, Except Per Share Data) (Dollars in Thousands, Except Per Share Data) Net income $ 774 $ 1,218 $ 1,610 $ 1,992 Basic net income per share $ 0.13 $ 0.20 $ 0.26 $ 0.33 Diluted net income per share $ 0.12 $ 0.20 $ 0.25 $ 0.33 |
Investment Securities (Tables)
Investment Securities (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
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 June 30, 2015 and December 31, 2014 are as follows: Available-for-Sale June 30, 2015 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Mortgage-backed securities: Residential $ 138,119 $ 1,216 $ (566 ) $ 138,769 Commercial 45,144 237 (234 ) 45,147 Obligations of states and political subdivisions 14,566 907 (12 ) 15,461 Obligations of U.S. government-sponsored agencies 1,999 1 — 2,000 Corporate notes 791 — (1 ) 790 U.S. Treasury securities 80 — — 80 Total $ 200,699 $ 2,361 $ (813 ) $ 202,247 Held-to-Maturity June 30, 2015 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Obligations of U.S. government-sponsored agencies $ 25,093 $ 23 $ (235 ) $ 24,881 Mortgage-backed securities: Commercial 17,256 48 (130 ) 17,174 Obligations of states and political subdivisions 1,580 — (6 ) 1,574 Total $ 43,929 $ 71 $ (371 ) $ 43,629 Available-for-Sale December 31, 2014 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Mortgage-backed securities: Residential $ 139,980 $ 1,896 $ (192 ) $ 141,684 Commercial 35,873 164 (93 ) 35,944 Obligations of states and political subdivisions 15,673 1,241 — 16,914 Obligations of U.S. government-sponsored agencies 6,360 5 (1 ) 6,364 U.S. Treasury securities 4,153 — (93 ) 4,060 Total $ 202,039 $ 3,306 $ (379 ) $ 204,966 Held-to-Maturity December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value (Dollars in Thousands) Mortgage-backed securities: Commercial $ 10,666 $ 65 $ (2 ) $ 10,729 Obligations of U.S. government-sponsored agencies 17,870 19 (52 ) 17,837 Obligations of states and political subdivisions 584 4 — 588 Total $ 29,120 $ 88 $ (54 ) $ 29,154 |
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 June 30, 2015 are presented in the following table: Available-for-Sale Held-to-Maturity Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value (Dollars in Thousands) Maturing within one year $ 183 $ 185 $ 968 $ 956 Maturing after one to five years 8,430 8,771 9,059 9,038 Maturing after five to ten years 118,477 118,776 33,902 33,635 Maturing after ten years 73,609 74,515 — — Total $ 200,699 $ 202,247 $ 43,929 $ 43,629 |
Investments' Gross Unrealized Losses and Fair Value | The following table reflects 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 June 30, 2015 and December 31, 2014. Available-for-Sale June 30, 2015 Less than 12 Months 12 Months or More Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in Thousands) Mortgage-backed securities: Residential $ 80,061 $ (396 ) $ 7,014 $ (170 ) Commercial 32,027 (234 ) — — Corporate notes 790 (1 ) — — Obligations of states and political subdivisions 443 (12 ) — — Total $ 113,321 $ (643 ) $ 7,014 $ (170 ) Held-to-Maturity June 30, 2015 Less than 12 Months 12 Months or More Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in Thousands) Obligations of U.S. government-sponsored agencies $ 15,269 $ (197 ) $ 1,608 $ (38 ) Mortgage-backed securities: Commercial 14,823 (130 ) — — Obligations of states and political subdivisions 574 (6 ) — — Total $ 30,666 $ (333 ) $ 1,608 $ (38 ) Available-for-Sale December 31, 2014 Less than 12 Months 12 Months or More Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in Thousands) Mortgage-backed securities: Residential $ 24,459 $ (67 ) $ 7,630 $ (125 ) Commercial 19,069 (70 ) 1,304 (23 ) Obligations of U.S. government-sponsored agencies 1,999 (1 ) — — Obligations of states and political subdivisions 269 — — — U.S. Treasury securities 80 — 3,980 (93 ) Total $ 45,876 $ (138 ) $ 12,914 $ (241 ) Held-to-Maturity December 31, 2014 Less than 12 Months 12 Months or More Fair Value Unrealized Losses Fair Value Unrealized Losses (Dollars in Thousands) Obligations of U.S. government-sponsored agencies $ — $ — $ 11,664 $ (52 ) Mortgage-backed securities: Commercial 538 (2 ) — — Total $ 538 $ (2 ) $ 11,664 $ (52 ) |
Loans and Allowance for Loan 26
Loans and Allowance for Loan Losses (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Receivables [Abstract] | |
Schedule of Loan Portfolio by Reporting Segment and Portfolio Segment | As of June 30, 2015 and December 31, 2014, the composition of the loan portfolio by reporting segment and portfolio segment was as follows: June 30, 2015 FUSB ALC Total (Dollars in Thousands) Real estate loans: Construction, land development and other land loans $ 12,363 $ — $ 12,363 Secured by 1-4 family residential properties 30,564 19,129 49,693 Secured by multi-family residential properties 17,163 — 17,163 Secured by non-farm, non-residential properties 81,621 — 81,621 Other 57 — 57 Commercial and industrial loans 18,198 — 18,198 Consumer loans 6,910 73,342 80,252 Other loans 786 — 786 Total loans 167,662 92,471 260,133 Less: Unearned interest, fees and deferred cost 191 9,941 10,132 Allowance for loan losses 2,449 2,559 5,008 Net loans $ 165,022 $ 79,971 $ 244,993 December 31, 2014 FUSB ALC Total (Dollars in Thousands) Real estate loans: Construction, land development and other land loans $ 10,431 $ — $ 10,431 Secured by 1-4 family residential properties 30,795 21,309 52,104 Secured by multi-family residential properties 20,403 — 20,403 Secured by non-farm, non-residential properties 104,883 — 104,883 Other 58 — 58 Commercial and industrial loans 16,838 — 16,838 Consumer loans 7,188 61,833 69,021 Other loans 579 — 579 Total loans 191,175 83,142 274,317 Less: Unearned interest, fees and deferred cost 189 8,444 8,633 Allowance for loan losses 3,486 2,682 6,168 Net loans $ 187,500 $ 72,016 $ 259,516 |
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 loan portfolio segment and loan type as of June 30, 2015 and December 31, 2014: FUSB Six Months Ended June 30, 2015 Commercial Commercial Real Consumer Residential Real Other Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ 141 $ 2,810 $ 114 $ 421 $ — $ 3,486 Charge-offs — (105 ) (14 ) (40 ) — (159 ) Recoveries 22 11 32 27 — 92 Provision (46 ) (609 ) (90 ) (225 ) — (970 ) Ending balance 117 2,107 42 183 — 2,449 Ending balance individually evaluated for impairment 96 886 — — — 982 Ending balance collectively evaluated for impairment $ 21 $ 1,221 $ 42 $ 183 $ — $ 1,467 Loan receivables: Ending balance 18,198 111,204 6,910 30,564 786 167,662 Ending balance individually evaluated for impairment 460 6,394 — 96 — 6,950 Ending balance collectively evaluated for impairment $ 17,738 $ 104,810 $ 6,910 $ 30,468 $ 786 $ 160,712 ALC Six Months Ended June 30, 2015 Commercial Commercial Real Consumer Residential Real Other Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ — $ — $ 2,336 $ 346 $ — $ 2,682 Charge-offs — — (1,229 ) (143 ) — (1,372 ) Recoveries — — 390 10 — 400 Provision — — 779 70 — 849 Ending balance — — 2,276 283 — 2,559 Ending balance individually evaluated for impairment — — — — — — Ending balance collectively evaluated for impairment $ — $ — $ 2,276 $ 283 $ — $ 2,559 Loan receivables: — Ending balance — — 73,342 19,129 — 92,471 Ending balance individually evaluated for impairment — — — — — — Ending balance collectively evaluated for impairment $ — $ — $ 73,342 $ 19,129 $ — $ 92,471 FUSB & ALC Six Months Ended June 30, 2015 Commercial Commercial Real Consumer Residential Real Other Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ 141 $ 2,810 $ 2,450 $ 767 $ — $ 6,168 Charge-offs — (105 ) (1,243 ) (183 ) — (1,531 ) Recoveries 22 11 422 37 — 492 Provision (46 ) (609 ) 689 (155 ) — (121 ) Ending balance 117 2,107 2,318 466 — 5,008 Ending balance individually evaluated for impairment 96 886 — — — 982 Ending balance collectively evaluated for impairment $ 21 $ 1,221 $ 2,318 $ 466 $ — $ 4,026 Loan receivables: Ending balance 18,198 111,204 80,252 49,693 786 260,133 Ending balance individually evaluated for impairment 460 6,394 — 96 — 6,950 Ending balance collectively evaluated for impairment $ 17,738 $ 104,810 $ 80,252 $ 49,597 $ 786 $ 253,183 FUSB Year Ended December 31, 2014 Commercial Commercial Real Consumer Residential Real Other Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ 592 $ 4,852 $ 180 $ 635 $ 13 $ 6,272 Charge-offs (289 ) (1,329 ) (147 ) (176 ) — (1,941 ) Recoveries 307 587 129 51 1 1,075 Provision (469 ) (1,300 ) (48 ) (89 ) (14 ) (1,920 ) Ending balance 141 2,810 114 421 — 3,486 Ending balance individually evaluated for impairment — 762 — — — 762 Ending balance collectively evaluated for impairment $ 141 $ 2,048 $ 114 $ 421 $ — $ 2,724 Loan receivables: Ending balance 16,838 135,775 7,188 30,795 579 191,175 Ending balance individually evaluated for impairment — 10,509 — 96 — 10,605 Ending balance collectively evaluated for impairment $ 16,838 $ 125,266 $ 7,188 $ 30,699 $ 579 $ 180,570 ALC Year Ended December 31, 2014 Commercial Commercial Real Estate Consumer Residential Real Estate Other Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ — $ — $ 2,667 $ 457 $ — $ 3,124 Charge-offs — — (2,778 ) (311 ) — (3,089 ) Recoveries — — 772 29 — 801 Provision — — 1,675 171 — 1,846 Ending balance — — 2,336 346 — 2,682 Ending balance individually evaluated for impairment — — — — — — Ending balance collectively evaluated for impairment $ — $ — $ 2,336 $ 346 $ — $ 2,682 Loan receivables: Ending balance — — 61,833 21,309 — 83,142 Ending balance individually evaluated for impairment — — — — — — Ending balance collectively evaluated for impairment $ — $ — $ 61,833 $ 21,309 $ — $ 83,142 FUSB & ALC Year Ended December 31, 2014 Commercial Commercial Real Estate Consumer Residential Real Estate Other Total (Dollars in Thousands) Allowance for loan losses: Beginning balance $ 592 $ 4,852 $ 2,847 $ 1,092 $ 13 $ 9,396 Charge-offs (289 ) (1,329 ) (2,925 ) (487 ) — (5,030 ) Recoveries 307 587 901 80 1 1,876 Provision (469 ) (1,300 ) 1,627 82 (14 ) (74 ) Ending balance 141 2,810 2,450 767 — 6,168 Ending balance individually evaluated for impairment — 762 — — — 762 Ending balance collectively evaluated for impairment $ 141 $ 2,048 $ 2,450 $ 767 $ — $ 5,406 Loan receivables: Ending balance 16,838 135,775 69,021 52,104 579 274,317 Ending balance individually evaluated for impairment — 10,509 — 96 — 10,605 Ending balance collectively evaluated for impairment $ 16,838 $ 125,266 $ 69,021 $ 52,008 $ 579 $ 263,712 |
Schedule of Carrying Amount of Loans by Credit Quality Indicator | The tables below illustrate the carrying amount of loans by credit quality indicator as of June 30, 2015. FUSB Pass 1-5 Special Mention 6 Substandard 7 Doubtful 8 Total (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ 10,388 $ — $ 1,975 $ — $ 12,363 Secured by 1-4 family residential properties 29,284 236 1,044 — 30,564 Secured by multi-family residential properties 14,813 — 2,350 — 17,163 Secured by non-farm, non-residential properties 75,431 3,158 3,032 — 81,621 Other 57 — — — 57 Commercial and industrial loans 16,658 780 760 — 18,198 Consumer loans 6,810 — 100 — 6,910 Other loans 786 — — — 786 Total $ 154,227 $ 4,174 $ 9,261 $ — $ 167,662 ALC Performing Nonperforming Total (Dollars in Thousands) Loans secured by real estate: Secured by 1-4 family residential properties $ 18,635 $ 494 $ 19,129 Consumer loans 72,045 1,297 73,342 Total $ 90,680 $ 1,791 $ 92,471 The tables below illustrate the carrying amount of loans by credit quality indicator as of December 31, 2014. FUSB Pass 1-5 Special Mention 6 Substandard 7 Doubtful 8 Total (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ 5,326 $ 2,515 $ 2,590 $ — $ 10,431 Secured by 1-4 family residential properties 27,956 638 2,201 — 30,795 Secured by multi-family residential properties 18,033 — 2,370 — 20,403 Secured by non-farm, non-residential properties 86,812 10,905 7,166 — 104,883 Other 58 — — — 58 Commercial and industrial loans 14,915 1,222 701 — 16,838 Consumer loans 6,744 105 339 — 7,188 Other loans 577 — 2 — 579 Total $ 160,421 $ 15,385 $ 15,369 $ — $ 191,175 ALC Performing Nonperforming Total (Dollars in Thousands) Loans secured by real estate: Secured by 1-4 family residential properties $ 20,778 $ 531 $ 21,309 Consumer loans 60,459 1,374 61,833 Total $ 81,237 $ 1,905 $ 83,142 |
Schedule of Aging Analysis of Past Due Loans | The following tables provide an aging analysis of past due loans by class as of June 30, 2015. FUSB As of June 30, 2015 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Past Due Current Total Loans Recorded Investment > 90 Days And Accruing (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ — $ 430 $ 86 $ 516 $ 11,847 $ 12,363 $ — Secured by 1-4 family residential properties 151 103 405 659 29,905 30,564 — Secured by multi-family residential properties — — — — 17,163 17,163 — Secured by non-farm, non-residential properties — — 762 762 80,859 81,621 — Other — — — — 57 57 — Commercial and industrial loans 52 — — 52 18,146 18,198 — Consumer loans 45 19 — 64 6,846 6,910 — Other loans — — — — 786 786 — Total $ 248 $ 552 $ 1,253 $ 2,053 $ 165,609 $ 167,662 $ — ALC As of June 30, 2015 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Past Due Current Total Loans Recorded 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 34 40 472 546 18,583 19,129 — Secured by multi-family residential properties — — — — — — — Secured by non-farm, non-residential properties — — — — — — — Other — — — — — — — Commercial and industrial loans — — — — — — — Consumer loans 637 373 1,280 2,290 71,052 73,342 — Other loans — — — — — — — Total $ 671 $ 413 $ 1,752 $ 2,836 $ 89,635 $ 92,471 $ — The following tables provide an aging analysis of past due loans by class as of December 31, 2014. FUSB As of December 31, 2014 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Past Due Current Total Loans Recorded Investment > 90 Days And Accruing (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ 41 $ — $ 86 $ 127 $ 10,304 $ 10,431 $ — Secured by 1-4 family residential properties 200 20 852 1,072 29,723 30,795 — Secured by multi-family residential properties — — — — 20,403 20,403 — Secured by non-farm, non-residential properties 268 159 1,743 2,170 102,713 104,883 — Other — — — — 58 58 — Commercial and industrial loans — 8 — 8 16,830 16,838 — Consumer loans 12 3 24 39 7,149 7,188 — Other loans 4 — 12 16 563 579 11 Total $ 525 $ 190 $ 2,717 $ 3,432 $ 187,743 $ 191,175 $ 11 ALC As of December 31, 2014 30-59 Days Past Due 60-89 Days Past Due 90 Days Or Greater Total Past Due Current Total Loans Recorded 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 182 147 501 830 20,479 21,309 401 Secured by multi-family residential properties — — — — — — — Secured by non-farm, non-residential properties — — — — — — — Other — — — — — — — Commercial and industrial loans — — — — — — — Consumer loans 671 558 1,346 2,575 59,258 61,833 1,335 Other loans — — — — — — — Total $ 853 $ 705 $ 1,847 $ 3,405 $ 79,737 $ 83,142 $ 1,736 |
Schedule of Analysis of Non-Accruing Loans | The following table provides an analysis of non-accruing loans by class as of June 30, 2015 and December 31, 2014. Loans on Non-Accrual Status June 30, 2015 December 31, 2014 (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans $ 345 $ 956 Secured by 1-4 family residential properties 1,137 1,277 Secured by non-farm, non-residential properties 845 2,314 Commercial and industrial loans 119 139 Consumer loans 1,372 140 Total loans $ 3,818 $ 4,826 |
Schedule of Carrying Amount of Impaired Loans | As of June 30, 2015, the carrying amount of impaired loans consisted of the following: June 30, 2015 Impaired loans with no related allowance recorded Carrying Amount Unpaid Principal Balance Related Allowances (Dollars in Thousands) Loans secured by real estate Construction, land development and other land loans $ — $ — $ — Secured by 1-4 family residential properties 96 96 — Secured by multi-family residential properties 749 749 — Secured by non-farm, non-residential properties 1,135 1,135 — Commercial and industrial — — — Total loans with no related allowance recorded $ 1,980 $ 1,980 $ — Impaired loans with an allowance recorded Loans secured by real estate Construction, land development and other land loans $ 1,445 $ 1,445 $ 95 Secured by 1-4 family residential properties — — — Secured by multi-family residential properties 1,601 1,601 691 Secured by non-farm, non-residential properties 1,464 1,464 100 Commercial and industrial 460 460 96 Total loans with an allowance recorded $ 4,970 $ 4,970 $ 982 Total impaired loans Loans secured by real estate Construction, land development and other land loans $ 1,445 $ 1,445 $ 95 Secured by 1-4 family residential properties 96 96 — Secured by multi-family residential properties 2,350 2,350 691 Secured by non-farm, non-residential properties 2,599 2,599 100 Commercial and industrial 460 460 96 Total impaired loans $ 6,950 $ 6,950 $ 982 As of December 31, 2014, the carrying amount of impaired loans consisted of the following: December 31, 2014 Impaired loans with no related allowance recorded Carrying Amount Unpaid Principal Balance Related Allowances (Dollars in Thousands) Loans secured by real estate Construction, land development and other land loans $ 1,445 $ 1,445 $ — Secured by 1-4 family residential properties 96 96 — Secured by multi-family residential properties 755 1,146 — Secured by non-farm, non-residential properties 6,091 6,091 — Commercial and industrial — — — Total loans with no related allowance recorded $ 8,387 $ 8,778 $ — Impaired loans with an allowance recorded Loans secured by real estate Construction, land development and other land loans $ 603 $ 603 $ 71 Secured by 1-4 family residential properties — — — Secured by multi-family residential properties 1,615 1,615 691 Secured by non-farm, non-residential properties — — — Commercial and industrial — — — Total loans with an allowance recorded $ 2,218 $ 2,218 $ 762 Total impaired loans Loans secured by real estate Construction, land development and other land loans $ 2,048 $ 2,048 $ 71 Secured by 1-4 family residential properties 96 96 — Secured by multi-family residential properties 2,370 2,761 691 Secured by non-farm, non-residential properties 6,091 6,091 — Commercial and industrial — — — Total impaired loans $ 10,605 $ 10,996 $ 762 |
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 during the six months ended June 30, 2015 and the year ended December 31, 2014 were as follows: June 30, 2015 Average Recorded Investment Interest Income Recognized Interest Income Received (Dollars in Thousands) Loans secured by real estate Construction, land development and other land loans $ 3,081 $ 20 $ 22 Secured by 1-4 family residential properties 193 — — Secured by multi-family residential properties 4,997 72 63 Secured by non-farm, non-residential properties 9,138 289 279 Commercial and industrial 153 14 13 Total $ 17,562 $ 395 $ 377 December 31, 2014 Average Recorded Investment Interest Income Recognized Interest Income Received (Dollars in Thousands) Loans secured by real estate Construction, land development and other land loans $ 2,769 $ 46 $ 46 Secured by 1-4 family residential properties 143 3 3 Secured by multi-family residential properties 3,565 178 170 Secured by non-farm, non-residential properties 8,186 324 320 Commercial and industrial 80 1 1 Total $ 14,743 $ 552 $ 540 |
Schedule of Number of Loans Modified Troubled Debt Restructuring by Loan Portfolio | The following table provides the number of loans that the Bank had modified in a troubled debt restructuring by loan portfolio as of June 30, 2015 and December 31, 2014, as well as the pre- and post-modification principal balance as of June 30, 2015 and December 31, 2014. June 30, 2015 December 31, 2014 Number of Loans Pre- Modification Outstanding Principal Balance Post- Modification Principal Balance Number of Loans Pre- Modification Outstanding Principal Balance Post- Modification Principal Balance (Dollars in Thousands) Loans secured by real estate: Construction, land development and other land loans 3 $ 2,220 $ 1,755 4 $ 3,282 $ 2,365 Secured by 1-4 family residential properties 4 200 149 4 200 156 Secured by non-farm, non-residential properties 5 1,368 908 6 1,448 1,299 Commercial loans 3 159 99 4 159 109 Total 15 $ 3,947 $ 2,911 18 $ 5,089 $ 3,929 The following table provides the number of loans modified in a troubled debt restructuring that have subsequently defaulted, by loan portfolio, as of June 30, 2015 and December 31, 2014. June 30, 2015 December 31, 2014 Number of Loans Recorded Investment Number of Loans Recorded Investment (Dollars in Thousands) Construction, land development and other land loans — $ — — $ — Secured by non-farm, non-residential properties 2 610 2 886 Total 2 $ 610 2 $ 886 |
Other Real Estate Owned (Tables
Other Real Estate Owned (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Banking And Thrift [Abstract] | |
Summary of Foreclosed Property Activity | The following table summarizes foreclosed property activity as of the six months ended June 30, 2015 and 2014: June 30, 2015 FUSB ALC Total (Dollars in Thousands) Beginning Balance $ 6,997 $ 738 $ 7,735 Transfers from loans 996 118 1,114 Sales proceeds (1,274 ) (96 ) (1,370 ) Gross gains 4 — 4 Gross losses (190 ) (60 ) (250 ) Net gains (losses) (186 ) (60 ) (246 ) Impairment (24 ) (41 ) (65 ) Ending Balance $ 6,509 $ 659 $ 7,168 June 30, 2014 FUSB ALC Total (Dollars in Thousands) Beginning Balance $ 8,463 $ 847 $ 9,310 Transfers from loans 4,020 232 4,252 Sales proceeds (2,956 ) (151 ) (3,107 ) Gross gains 230 — 230 Gross losses (127 ) (58 ) (185 ) Net gains (losses) 103 (58 ) 45 Impairment (146 ) (47 ) (193 ) Ending Balance $ 9,484 $ 823 $ 10,307 |
Stock Option Grants (Tables)
Stock Option Grants (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Summary of Stock Option Activity | The following table summarizes the Company’s stock option activity for the periods presented. Six Months Ended June 30, 2015 June 30, 2014 Number of Shares Average Exercise Price Number of Shares Average Exercise Price Options: Outstanding, beginning of period 83,400 $ 8.09 — $ — Granted 96,150 8.23 10,750 8.00 Exercised — — — — Expired — 8.09 — — Forfeited 2,500 — — — Options outstanding, end of period 177,050 $ 8.16 10,750 $ 8.00 Options exercisable, end of period 81,900 $ 8.09 — $ — |
Segment Reporting (Tables)
Segment Reporting (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
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 tables below. All FUSB ALC Other Eliminations Consolidated (Dollars in Thousands) For the three months ended June 30, 2015: Net interest income $ 3,991 $ 3,176 $ 3 $ — $ 7,170 Provision (reduction in reserve) for loan losses (445 ) 490 — — 45 Total non-interest income 861 235 1,093 (1,121 ) 1,068 Total non-interest expense 4,386 2,477 386 (142 ) 7,107 Income before income taxes 911 444 710 (979 ) 1,086 Provision for income taxes 264 153 (105 ) — 312 Net income $ 647 $ 291 $ 815 $ (979 ) $ 774 Other significant items: Total assets $ 562,900 $ 84,139 $ 81,816 $ (168,205 ) $ 560,650 Total investment securities 246,096 — 80 — 246,176 Total loans, net 237,357 79,971 — (72,335 ) 244,993 Investment in subsidiaries 5 — 76,488 (76,488 ) 5 Fixed asset addition 639 87 — — 726 Depreciation and amortization expense 155 61 — — 216 Total interest income from external customers 3,640 4,095 — — 7,735 Total interest income from affiliates 918 — 3 (921 ) — For the six months ended June 30, 2015: Net interest income $ 7,835 $ 6,037 $ 5 $ — $ 13,877 Provision (reduction in reserve) for loan losses (970 ) 849 — — (121 ) Total non-interest income 2,011 455 2,206 (2,313 ) 2,359 Total non-interest expense 8,667 4,970 743 (296 ) 14,084 Income before income taxes 2,149 673 1,468 (2,017 ) 2,273 Provision for income taxes 635 239 (211 ) — 663 Net income $ 1,514 $ 434 $ 1,679 $ (2,017 ) $ 1,610 Other significant items: Fixed asset addition $ 1,610 $ 249 $ — $ — $ 1,859 Depreciation and amortization expense 308 120 — — 428 Total interest income from external customers 7,217 7,838 1 — 15,056 Total interest income from affiliates 1,801 — 4 (1,805 ) — All FUSB ALC Other Eliminations Consolidated (Dollars in Thousands) For the three months ended June 30, 2014: Net interest income $ 4,101 $ 3,197 $ 2 $ — $ 7,300 Provision (reduction in reserve) for loan losses (325 ) 61 — — (264 ) Total non-interest income 1,286 286 1,425 (1,512 ) 1,485 Total non-interest expense 4,767 2,443 193 (180 ) 7,223 Income before income taxes 945 979 1,234 (1,332 ) 1,826 Provision for income taxes 230 377 1 — 608 Net income $ 715 $ 602 $ 1,233 $ (1,332 ) $ 1,218 Other significant items: Total assets $ 572,377 $ 71,303 $ 79,408 $ (152,396 ) $ 570,692 Total investment securities 209,865 — 80 — 209,945 Total loans, net 262,533 68,488 — (58,935 ) 272,086 Investment in subsidiaries 5 — 74,262 (74,262 ) 5 Fixed asset addition 159 1 — — 160 Depreciation and amortization expense 131 53 — — 184 Total interest income from external customers 3,935 3,995 — — 7,930 Total interest income from affiliates 799 — 2 (801 ) — For the six months ended June 30, 2014: Net interest income $ 8,188 $ 6,308 $ 5 $ — $ 14,501 Provision (reduction in reserve) for loan losses (500 ) 650 — — 150 Total non-interest income 2,217 572 2,468 (2,625 ) 2,632 Total non-interest expense 9,097 4,999 402 (391 ) 14,107 Income before income taxes 1,808 1,231 2,071 (2,234 ) 2,876 Provision for income taxes 406 476 2 — 884 Net income $ 1,402 $ 755 $ 2,069 $ (2,234 ) $ 1,992 Other significant items: Fixed asset addition $ 867 $ 14 $ — $ — $ 881 Depreciation and amortization expense 259 105 — — 364 Total interest income from external customers 7,904 7,872 — — 15,776 Total interest income from affiliates 1,564 — 4 (1,568 ) — |
Guarantees, Commitments and C30
Guarantees, Commitments and Contingencies (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Commitments And Contingencies Disclosure [Abstract] | |
Summary of Commitments and Contingent Liabilities | A summary of these commitments and contingent liabilities is presented below: June 30, 2015 December 2014 (Dollars in Thousands) Standby letters of credit $ 683 $ 833 Commitments to extend credit $ 29,914 $ 31,644 |
Fair Value of Financial Instr31
Fair Value of Financial Instruments (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Schedule of Assets Measured at Fair Value on Recurring Basis | The following table presents assets measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014. There were no liabilities measured at fair value on a recurring basis for either period presented. Fair Value Measurements as of June 30, 2015 Using Totals At June 30, 2015 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (Dollars in Thousands) Investment securities, available-for-sale Mortgage-backed securities: Residential $ 138,769 $ — $ 138,769 $ — Commercial 45,147 — 45,147 — Obligations of states and political subdivisions 15,461 — 15,461 — Obligations of U.S. government-sponsored agencies 2,000 — 2,000 — Corporate notes 790 — 790 — U.S. Treasury securities 80 — 80 — Other assets - derivatives 14 — 14 — Fair Value Measurements as of December 31, 2014 Using Totals At December 2014 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (Dollars in Thousands) Investment securities, available-for-sale Mortgage-backed securities: Residential $ 141,684 $ — $ 141,684 $ — Commercial 35,944 — 35,944 — Obligations of states and political subdivisions 16,914 — 16,914 — Obligations of U.S. government-sponsored agencies 6,364 — 6,364 — U.S. Treasury securities 4,060 — 4,060 — Other assets - derivatives 68 — 68 — |
Balances of Impaired Loans and OREO Measured at Fair Value on Nonrecurring Basis | The following table presents the balances of impaired loans and OREO measured at fair value on a non-recurring basis as of June 30, 2015 and December 31, 2014. Fair Value Measurements as of June 30, 2015 Using Totals At June 30, 2015 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (Dollars in Thousands) Impaired loans $ 3,988 $ — $ — $ 3,988 OREO 7,168 — — 7,168 Fair Value Measurements as of December 31, 2014 Using Totals At December 31, 2014 Quoted Prices in Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (Dollars in Thousands) Impaired loans $ 1,456 $ — $ — $ 1,456 OREO 7,735 — — 7,735 |
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 June 30, 2015 Valuation Technique Unobservable Quantitative of Unobservable Inputs (Weighted Average) (Dollars in Thousands) Non-recurring fair value measurements: Impaired loans $ 3,988 Multiple data points, including discount to appraised value of collateral based on recent market activity Appraisal comparability adjustment (discount) 9% - 10% (9.0%) OREO $ 7,168 Discount to appraised value of property based on recent market activity for sales of similar properties Appraisal comparability adjustment (discount) 9% - 10% (9.0%) |
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 June 30, 2015 and December 31, 2014, were as follows: June 30, 2015 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 (Dollars in Thousands) Assets: Cash and cash equivalents $ 25,053 $ 25,053 $ 25,053 $ — $ — Investment securities available-for-sale 202,247 202,247 — 202,247 — Investment securities held-to-maturity 43,929 43,629 — 43,629 — Federal Home Loan Bank stock 740 740 — — 740 Loans, net of allowance for loan losses 244,993 246,865 — — 246,865 Other assets – derivatives 14 14 — 14 — Liabilities: Deposits 471,141 471,692 — 471,692 — Short-term borrowings 985 985 — 985 — Long-term debt 5,000 5,002 — 5,002 — December 31, 2014 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 (Dollars in Thousands) Assets: Cash and cash equivalents $ 34,166 $ 34,166 $ 34,166 $ — $ — Investment securities available-for-sale 204,966 204,966 — 204,966 — Investment securities held-to-maturity 29,120 29,154 — 29,154 — Federal Home Loan Bank stock 738 738 — — 738 Loans, net of allowance for loan losses 259,516 259,337 — — 259,337 Other assets – derivatives 68 68 — 68 — Liabilities: Deposits 483,659 484,108 — 484,108 — Short-term borrowings 436 436 — 436 — Long-term debt 5,000 5,007 — 5,007 — |
Net Income Per Share - Basic an
Net Income Per Share - Basic and Diluted Net Income Per Share Calculations (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Earnings Per Share [Abstract] | ||||
Basic shares | 6,139,268 | 6,115,689 | 6,136,882 | 6,115,475 |
Dilutive shares | 177,050 | 10,750 | 177,050 | 10,750 |
Diluted shares | 6,316,318 | 6,126,439 | 6,313,932 | 6,126,225 |
Net income | $ 774 | $ 1,218 | $ 1,610 | $ 1,992 |
Basic net income per share | $ 0.13 | $ 0.20 | $ 0.26 | $ 0.33 |
Diluted net income per share | $ 0.12 | $ 0.20 | $ 0.25 | $ 0.33 |
Investment Securities - Investm
Investment Securities - Investment Securities Available-for-Sale and Held-to-Maturity (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Schedule Of Available For Sale Securities [Line Items] | ||
Available-for-Sale, Amortized Cost | $ 200,699 | $ 202,039 |
Available-for-Sale, Gross Unrealized Gains | 2,361 | 3,306 |
Available-for-Sale, Gross Unrealized Losses | (813) | (379) |
Available-for-Sale, Estimated Fair Value | 202,247 | 204,966 |
Held-to-Maturity, Amortized Cost | 43,929 | 29,120 |
Held-to-Maturity, Gross Unrealized Gains | 71 | 88 |
Held-to-Maturity, Gross Unrealized Losses | (371) | (54) |
Held-to-Maturity, Estimated Fair Value | 43,629 | 29,154 |
Residential [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Available-for-Sale, Amortized Cost | 138,119 | 139,980 |
Available-for-Sale, Gross Unrealized Gains | 1,216 | 1,896 |
Available-for-Sale, Gross Unrealized Losses | (566) | (192) |
Available-for-Sale, Estimated Fair Value | 138,769 | 141,684 |
Commercial [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Available-for-Sale, Amortized Cost | 45,144 | 35,873 |
Available-for-Sale, Gross Unrealized Gains | 237 | 164 |
Available-for-Sale, Gross Unrealized Losses | (234) | (93) |
Available-for-Sale, Estimated Fair Value | 45,147 | 35,944 |
Held-to-Maturity, Amortized Cost | 17,256 | 10,666 |
Held-to-Maturity, Gross Unrealized Gains | 48 | 65 |
Held-to-Maturity, Gross Unrealized Losses | (130) | (2) |
Held-to-Maturity, Estimated Fair Value | 17,174 | 10,729 |
Obligations of States and Political Subdivisions [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Available-for-Sale, Amortized Cost | 14,566 | 15,673 |
Available-for-Sale, Gross Unrealized Gains | 907 | 1,241 |
Available-for-Sale, Gross Unrealized Losses | (12) | |
Available-for-Sale, Estimated Fair Value | 15,461 | 16,914 |
Held-to-Maturity, Amortized Cost | 1,580 | 584 |
Held-to-Maturity, Gross Unrealized Gains | 4 | |
Held-to-Maturity, Gross Unrealized Losses | (6) | |
Held-to-Maturity, Estimated Fair Value | 1,574 | 588 |
Obligations of U.S. Government Sponsored Agencies [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Available-for-Sale, Amortized Cost | 1,999 | 6,360 |
Available-for-Sale, Gross Unrealized Gains | 1 | 5 |
Available-for-Sale, Gross Unrealized Losses | (1) | |
Available-for-Sale, Estimated Fair Value | 2,000 | 6,364 |
Held-to-Maturity, Amortized Cost | 25,093 | 17,870 |
Held-to-Maturity, Gross Unrealized Gains | 23 | 19 |
Held-to-Maturity, Gross Unrealized Losses | (235) | (52) |
Held-to-Maturity, Estimated Fair Value | 24,881 | 17,837 |
Corporate notes [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Available-for-Sale, Amortized Cost | 791 | |
Available-for-Sale, Gross Unrealized Losses | (1) | |
Available-for-Sale, Estimated Fair Value | 790 | |
U.S. Treasury Securities [Member] | ||
Schedule Of Available For Sale Securities [Line Items] | ||
Available-for-Sale, Amortized Cost | 80 | 4,153 |
Available-for-Sale, Gross Unrealized Losses | (93) | |
Available-for-Sale, Estimated Fair Value | $ 80 | $ 4,060 |
Investment Securities - Schedul
Investment Securities - Scheduled Maturities of Investment Securities Available-for-Sale and Held-to-Maturity (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Investments Debt And Equity Securities [Abstract] | ||
Available-for-Sale, Maturing within one year, Amortized Cost | $ 183 | |
Available-for-Sale, Maturing after one to five years, Amortized Cost | 8,430 | |
Available-for-Sale, Maturing after five to ten years, Amortized Cost | 118,477 | |
Available-for-Sale, Maturing after ten years, Amortized Cost | 73,609 | |
Available-for-Sale, Amortized Cost | 200,699 | $ 202,039 |
Available-for-Sale, Maturing within one year, Estimated Fair Value | 185 | |
Available-for-Sale, Maturing after one to five years, Estimated Fair Value | 8,771 | |
Available-for-Sale, Maturing after five to ten years, Estimated Fair Value | 118,776 | |
Available-for-Sale, Maturing after ten years, Estimated Fair Value | 74,515 | |
Available-for-Sale, Estimated Fair Value, Total | 202,247 | 204,966 |
Held-to-Maturity, Maturing within one year, Amortized Cost | 968 | |
Held-to-Maturity, Maturing after one to five years, Amortized Cost | 9,059 | |
Held-to-Maturity, Maturing after five to ten years, Amortized Cost | 33,902 | |
Held-to-Maturity, Amortized Cost | 43,929 | 29,120 |
Held-to-Maturity, Maturing within one year, Estimated Fair Value | 956 | |
Held-to-Maturity, Maturing after one to five years, Estimated Fair Value | 9,038 | |
Held-to-Maturity, Maturing after five to ten years, Estimated Fair Value | 33,635 | |
Held-to-Maturity, Estimated Fair Value, Total | $ 43,629 | $ 29,154 |
Investment Securities - Inves35
Investment Securities - Investments' Gross Unrealized Losses and Fair Value (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Available For Sale And Held To Maturity Securities In Continuous Unrealized Loss Position [Line Items] | ||
Available-for-Sale, Less than 12 Months, Fair Value | $ 113,321 | $ 45,876 |
Available-for-Sale, Less than 12 Months, Unrealized Losses | (643) | (138) |
Available-for-Sale, 12 Months or More, Fair Value | 7,014 | 12,914 |
Available-for-Sale, 12 Months or More, Unrealized Losses | (170) | (241) |
Held-to-Maturity, Less than 12 Months, Fair Value | 30,666 | 538 |
Held-to-Maturity, Less than 12 Months, Unrealized Losses | (333) | (2) |
Held-to-Maturity, 12 Months or More, Fair Value | 1,608 | 11,664 |
Held-to-Maturity, 12 Months or More, Unrealized Losses | (38) | (52) |
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 | 80,061 | 24,459 |
Available-for-Sale, Less than 12 Months, Unrealized Losses | (396) | (67) |
Available-for-Sale, 12 Months or More, Fair Value | 7,014 | 7,630 |
Available-for-Sale, 12 Months or More, Unrealized Losses | (170) | (125) |
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 | 32,027 | 19,069 |
Available-for-Sale, Less than 12 Months, Unrealized Losses | (234) | (70) |
Available-for-Sale, 12 Months or More, Fair Value | 1,304 | |
Available-for-Sale, 12 Months or More, Unrealized Losses | (23) | |
Held-to-Maturity, Less than 12 Months, Fair Value | 14,823 | 538 |
Held-to-Maturity, Less than 12 Months, Unrealized Losses | (130) | (2) |
Corporate notes [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 | 790 | |
Available-for-Sale, Less than 12 Months, Unrealized Losses | (1) | |
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 | 443 | 269 |
Available-for-Sale, Less than 12 Months, Unrealized Losses | (12) | |
Held-to-Maturity, Less than 12 Months, Fair Value | 574 | |
Held-to-Maturity, Less than 12 Months, Unrealized Losses | (6) | |
Obligations of U.S. Government Sponsored Agencies [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 | 1,999 | |
Available-for-Sale, Less than 12 Months, Unrealized Losses | (1) | |
Held-to-Maturity, Less than 12 Months, Fair Value | 15,269 | |
Held-to-Maturity, Less than 12 Months, Unrealized Losses | (197) | |
Held-to-Maturity, 12 Months or More, Fair Value | 1,608 | 11,664 |
Held-to-Maturity, 12 Months or More, Unrealized Losses | $ (38) | (52) |
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 | 80 | |
Available-for-Sale, 12 Months or More, Fair Value | 3,980 | |
Available-for-Sale, 12 Months or More, Unrealized Losses | $ (93) |
Investment Securities - Additio
Investment Securities - Additional Information (Detail) | 6 Months Ended | ||
Jun. 30, 2015USD ($)security | Jun. 30, 2014USD ($) | Dec. 31, 2014USD ($) | |
Investments Debt And Equity Securities [Abstract] | |||
Number of debt securities continues loss position for more than twelve months | security | 5 | ||
Number of debt securities continues loss position for less than twelve months | security | 92 | ||
Investment securities available-for-sale carrying amount | $ 61,600,000 | $ 61,100,000 | |
Gains realized on sales of securities available-for-sale | 359,000 | $ 103,000 | |
Losses on sales of securities | $ 0 | $ 0 |
Loans and Allowance for Loan 37
Loans and Allowance for Loan Losses - Additional Information (Detail) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2015USD ($)Segment | Dec. 31, 2014USD ($) | Jun. 30, 2014USD ($) | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Number of portfolio segments | Segment | 8 | ||
Loans on which the accrual of interest has been discontinued | $ 3,818,000 | $ 4,826,000 | |
Accrued interest on loans | 33,000 | 100,000 | |
Interest income recorded | $ 300,000 | 200,000 | |
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 | $ 1,200,000 | $ 3,400,000 | |
Repayments of loans | 0 | 0 | |
Troubled debt restructuring evaluated impairment | 500,000 | 500,000 | |
Allowance for loans losses | 4,000 | 900,000 | |
Restructured Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Troubled debt restructuring evaluated impairment | 0 | ||
Allowance for loans losses | 0 | ||
Minimum [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loan amount threshold for impairment analysis | 500,000 | ||
Related Party Loan [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Related party loans and commitments | 3,000,000 | 3,100,000 | |
New loans to parties | 0 | 0 | |
Repayments of loan | $ 100,000 | $ 500,000 | |
Real Estate [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Percentage of loan portfolio | 61.90% | 68.50% |
Loans and Allowance for Loan 38
Loans and Allowance for Loan Losses - Schedule of Loan Portfolio by Reporting Segment and Portfolio Segment (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | Dec. 31, 2013 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Total loans | $ 260,133 | $ 274,317 | ||
Less: Unearned interest, fees and deferred cost | 10,132 | 8,633 | ||
Allowance for loan losses | 5,008 | 6,168 | ||
Net loans | 244,993 | 259,516 | $ 272,086 | |
FUSB [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Total loans | 167,662 | 191,175 | ||
Less: Unearned interest, fees and deferred cost | 191 | 189 | ||
Allowance for loan losses | 2,449 | 3,486 | $ 6,272 | |
Net loans | 165,022 | 187,500 | ||
ALC [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Total loans | 92,471 | 83,142 | ||
Less: Unearned interest, fees and deferred cost | 9,941 | 8,444 | ||
Allowance for loan losses | 2,559 | 2,682 | 3,124 | |
Net loans | 79,971 | 72,016 | ||
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Total loans | 12,363 | 10,431 | ||
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | FUSB [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Total loans | 12,363 | 10,431 | ||
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Total loans | 49,693 | 52,104 | ||
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | FUSB [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Total loans | 30,564 | 30,795 | ||
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ALC [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Total loans | 19,129 | 21,309 | ||
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Total loans | 17,163 | 20,403 | ||
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | FUSB [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Total loans | 17,163 | 20,403 | ||
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Total loans | 81,621 | 104,883 | ||
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | FUSB [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Total loans | 81,621 | 104,883 | ||
Real Estate [Member] | Other Real Estate Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Total loans | 57 | 58 | ||
Real Estate [Member] | Other Real Estate Loans [Member] | FUSB [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Total loans | 57 | 58 | ||
Commercial and Industrial Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Total loans | 18,198 | 16,838 | ||
Commercial and Industrial Loans [Member] | FUSB [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Total loans | 18,198 | 16,838 | ||
Allowance for loan losses | 117 | 141 | 592 | |
Consumer Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Total loans | 80,252 | 69,021 | ||
Consumer Loans [Member] | FUSB [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Total loans | 6,910 | 7,188 | ||
Allowance for loan losses | 42 | 114 | 180 | |
Consumer Loans [Member] | ALC [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Total loans | 73,342 | 61,833 | ||
Allowance for loan losses | 2,276 | 2,336 | 2,667 | |
Other Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Total loans | 786 | 579 | ||
Other Loans [Member] | FUSB [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Total loans | $ 786 | $ 579 | ||
Allowance for loan losses | $ 13 |
Loans and Allowance for Loan 39
Loans and Allowance for Loan Losses - Schedule of Changes in Allowance for Loan Losses and Recorded Investment in Loans (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Allowance for loan losses: | |||||
Beginning balance | $ 6,168 | ||||
Provision (reduction in reserve) for loan losses | $ 45 | $ (264) | (121) | $ 150 | |
Ending balance | 5,008 | 5,008 | $ 6,168 | ||
Loan receivables: | |||||
Ending balance | 260,133 | 260,133 | 274,317 | ||
Commercial and Industrial Loans [Member] | |||||
Loan receivables: | |||||
Ending balance | 18,198 | 18,198 | 16,838 | ||
Consumer Loans [Member] | |||||
Loan receivables: | |||||
Ending balance | 80,252 | 80,252 | 69,021 | ||
Other Loans [Member] | |||||
Loan receivables: | |||||
Ending balance | 786 | 786 | 579 | ||
FUSB [Member] | |||||
Allowance for loan losses: | |||||
Beginning balance | 3,486 | 6,272 | 6,272 | ||
Charge-offs | (159) | (1,941) | |||
Recoveries | 92 | 1,075 | |||
Provision (reduction in reserve) for loan losses | (970) | (1,920) | |||
Ending balance | 2,449 | 2,449 | 3,486 | ||
Ending balance individually evaluated for impairment | 982 | 982 | 762 | ||
Ending balance collectively evaluated for impairment | 1,467 | 1,467 | 2,724 | ||
Loan receivables: | |||||
Ending balance | 167,662 | 167,662 | 191,175 | ||
Ending balance individually evaluated for impairment | 6,950 | 6,950 | 10,605 | ||
Ending balance collectively evaluated for impairment | 160,712 | 160,712 | 180,570 | ||
FUSB [Member] | Commercial and Industrial Loans [Member] | |||||
Allowance for loan losses: | |||||
Beginning balance | 141 | 592 | 592 | ||
Charge-offs | (289) | ||||
Recoveries | 22 | 307 | |||
Provision (reduction in reserve) for loan losses | (46) | (469) | |||
Ending balance | 117 | 117 | 141 | ||
Ending balance individually evaluated for impairment | 96 | 96 | |||
Ending balance collectively evaluated for impairment | 21 | 21 | 141 | ||
Loan receivables: | |||||
Ending balance | 18,198 | 18,198 | 16,838 | ||
Ending balance individually evaluated for impairment | 460 | 460 | |||
Ending balance collectively evaluated for impairment | 17,738 | 17,738 | 16,838 | ||
FUSB [Member] | Commercial Real Estate [Member] | |||||
Allowance for loan losses: | |||||
Beginning balance | 2,810 | 4,852 | 4,852 | ||
Charge-offs | (105) | (1,329) | |||
Recoveries | 11 | 587 | |||
Provision (reduction in reserve) for loan losses | (609) | (1,300) | |||
Ending balance | 2,107 | 2,107 | 2,810 | ||
Ending balance individually evaluated for impairment | 886 | 886 | 762 | ||
Ending balance collectively evaluated for impairment | 1,221 | 1,221 | 2,048 | ||
Loan receivables: | |||||
Ending balance | 111,204 | 111,204 | 135,775 | ||
Ending balance individually evaluated for impairment | 6,394 | 6,394 | 10,509 | ||
Ending balance collectively evaluated for impairment | 104,810 | 104,810 | 125,266 | ||
FUSB [Member] | Consumer Loans [Member] | |||||
Allowance for loan losses: | |||||
Beginning balance | 114 | 180 | 180 | ||
Charge-offs | (14) | (147) | |||
Recoveries | 32 | 129 | |||
Provision (reduction in reserve) for loan losses | (90) | (48) | |||
Ending balance | 42 | 42 | 114 | ||
Ending balance collectively evaluated for impairment | 42 | 42 | 114 | ||
Loan receivables: | |||||
Ending balance | 6,910 | 6,910 | 7,188 | ||
Ending balance collectively evaluated for impairment | 6,910 | 6,910 | 7,188 | ||
FUSB [Member] | Residential Real Estate [Member] | |||||
Allowance for loan losses: | |||||
Beginning balance | 421 | 635 | 635 | ||
Charge-offs | (40) | (176) | |||
Recoveries | 27 | 51 | |||
Provision (reduction in reserve) for loan losses | (225) | (89) | |||
Ending balance | 183 | 183 | 421 | ||
Ending balance collectively evaluated for impairment | 183 | 183 | 421 | ||
Loan receivables: | |||||
Ending balance | 30,564 | 30,564 | 30,795 | ||
Ending balance individually evaluated for impairment | 96 | 96 | 96 | ||
Ending balance collectively evaluated for impairment | 30,468 | 30,468 | 30,699 | ||
FUSB [Member] | Other Loans [Member] | |||||
Allowance for loan losses: | |||||
Beginning balance | 13 | 13 | |||
Recoveries | 1 | ||||
Provision (reduction in reserve) for loan losses | (14) | ||||
Loan receivables: | |||||
Ending balance | 786 | 786 | 579 | ||
Ending balance collectively evaluated for impairment | 786 | 786 | 579 | ||
ALC [Member] | |||||
Allowance for loan losses: | |||||
Beginning balance | 2,682 | 3,124 | 3,124 | ||
Charge-offs | (1,372) | (3,089) | |||
Recoveries | 400 | 801 | |||
Provision (reduction in reserve) for loan losses | 849 | 1,846 | |||
Ending balance | 2,559 | 2,559 | 2,682 | ||
Ending balance collectively evaluated for impairment | 2,559 | 2,559 | 2,682 | ||
Loan receivables: | |||||
Ending balance | 92,471 | 92,471 | 83,142 | ||
Ending balance collectively evaluated for impairment | 92,471 | 92,471 | 83,142 | ||
ALC [Member] | Consumer Loans [Member] | |||||
Allowance for loan losses: | |||||
Beginning balance | 2,336 | 2,667 | 2,667 | ||
Charge-offs | (1,229) | (2,778) | |||
Recoveries | 390 | 772 | |||
Provision (reduction in reserve) for loan losses | 779 | 1,675 | |||
Ending balance | 2,276 | 2,276 | 2,336 | ||
Ending balance collectively evaluated for impairment | 2,276 | 2,276 | 2,336 | ||
Loan receivables: | |||||
Ending balance | 73,342 | 73,342 | 61,833 | ||
Ending balance collectively evaluated for impairment | 73,342 | 73,342 | 61,833 | ||
ALC [Member] | Residential Real Estate [Member] | |||||
Allowance for loan losses: | |||||
Beginning balance | 346 | 457 | 457 | ||
Charge-offs | (143) | (311) | |||
Recoveries | 10 | 29 | |||
Provision (reduction in reserve) for loan losses | 70 | 171 | |||
Ending balance | 283 | 283 | 346 | ||
Ending balance collectively evaluated for impairment | 283 | 283 | 346 | ||
Loan receivables: | |||||
Ending balance | 19,129 | 19,129 | 21,309 | ||
Ending balance collectively evaluated for impairment | 19,129 | 19,129 | 21,309 | ||
FUSB & ALC [Member] | |||||
Allowance for loan losses: | |||||
Beginning balance | 6,168 | 9,396 | 9,396 | ||
Charge-offs | (1,531) | (5,030) | |||
Recoveries | 492 | 1,876 | |||
Provision (reduction in reserve) for loan losses | (121) | (74) | |||
Ending balance | 5,008 | 5,008 | 6,168 | ||
Ending balance individually evaluated for impairment | 982 | 982 | 762 | ||
Ending balance collectively evaluated for impairment | 4,026 | 4,026 | 5,406 | ||
Loan receivables: | |||||
Ending balance | 260,133 | 260,133 | 274,317 | ||
Ending balance individually evaluated for impairment | 6,950 | 6,950 | 10,605 | ||
Ending balance collectively evaluated for impairment | 253,183 | 253,183 | 263,712 | ||
FUSB & ALC [Member] | Commercial and Industrial Loans [Member] | |||||
Allowance for loan losses: | |||||
Beginning balance | 141 | 592 | 592 | ||
Charge-offs | (289) | ||||
Recoveries | 22 | 307 | |||
Provision (reduction in reserve) for loan losses | (46) | (469) | |||
Ending balance | 117 | 117 | 141 | ||
Ending balance individually evaluated for impairment | 96 | 96 | |||
Ending balance collectively evaluated for impairment | 21 | 21 | 141 | ||
Loan receivables: | |||||
Ending balance | 18,198 | 18,198 | 16,838 | ||
Ending balance individually evaluated for impairment | 460 | 460 | |||
Ending balance collectively evaluated for impairment | 17,738 | 17,738 | 16,838 | ||
FUSB & ALC [Member] | Commercial Real Estate [Member] | |||||
Allowance for loan losses: | |||||
Beginning balance | 2,810 | 4,852 | 4,852 | ||
Charge-offs | (105) | (1,329) | |||
Recoveries | 11 | 587 | |||
Provision (reduction in reserve) for loan losses | (609) | (1,300) | |||
Ending balance | 2,107 | 2,107 | 2,810 | ||
Ending balance individually evaluated for impairment | 886 | 886 | 762 | ||
Ending balance collectively evaluated for impairment | 1,221 | 1,221 | 2,048 | ||
Loan receivables: | |||||
Ending balance | 111,204 | 111,204 | 135,775 | ||
Ending balance individually evaluated for impairment | 6,394 | 6,394 | 10,509 | ||
Ending balance collectively evaluated for impairment | 104,810 | 104,810 | 125,266 | ||
FUSB & ALC [Member] | Consumer Loans [Member] | |||||
Allowance for loan losses: | |||||
Beginning balance | 2,450 | 2,847 | 2,847 | ||
Charge-offs | (1,243) | (2,925) | |||
Recoveries | 422 | 901 | |||
Provision (reduction in reserve) for loan losses | 689 | 1,627 | |||
Ending balance | 2,318 | 2,318 | 2,450 | ||
Ending balance collectively evaluated for impairment | 2,318 | 2,318 | 2,450 | ||
Loan receivables: | |||||
Ending balance | 80,252 | 80,252 | 69,021 | ||
Ending balance collectively evaluated for impairment | 80,252 | 80,252 | 69,021 | ||
FUSB & ALC [Member] | Residential Real Estate [Member] | |||||
Allowance for loan losses: | |||||
Beginning balance | 767 | 1,092 | 1,092 | ||
Charge-offs | (183) | (487) | |||
Recoveries | 37 | 80 | |||
Provision (reduction in reserve) for loan losses | (155) | 82 | |||
Ending balance | 466 | 466 | 767 | ||
Ending balance collectively evaluated for impairment | 466 | 466 | 767 | ||
Loan receivables: | |||||
Ending balance | 49,693 | 49,693 | 52,104 | ||
Ending balance individually evaluated for impairment | 96 | 96 | 96 | ||
Ending balance collectively evaluated for impairment | 49,597 | 49,597 | 52,008 | ||
FUSB & ALC [Member] | Other Loans [Member] | |||||
Allowance for loan losses: | |||||
Beginning balance | $ 13 | 13 | |||
Recoveries | 1 | ||||
Provision (reduction in reserve) for loan losses | (14) | ||||
Loan receivables: | |||||
Ending balance | 786 | 786 | 579 | ||
Ending balance collectively evaluated for impairment | $ 786 | $ 786 | $ 579 |
Loans and Allowance for Loan 40
Loans and Allowance for Loan Losses - Schedule of Carrying Amount of Loans by Credit Quality Indicator (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | $ 260,133 | $ 274,317 |
FUSB [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 167,662 | 191,175 |
FUSB [Member] | Pass 1-5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 154,227 | 160,421 |
FUSB [Member] | Special Mention 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 4,174 | 15,385 |
FUSB [Member] | Substandard 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 9,261 | 15,369 |
ALC [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 92,471 | 83,142 |
ALC [Member] | Performing Financing Receivable | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 90,680 | 81,237 |
ALC [Member] | Nonperforming Financing Receivable | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 1,791 | 1,905 |
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 12,363 | 10,431 |
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | FUSB [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 12,363 | 10,431 |
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | FUSB [Member] | Pass 1-5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 10,388 | 5,326 |
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | FUSB [Member] | Special Mention 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 2,515 | |
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | FUSB [Member] | Substandard 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 1,975 | 2,590 |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 49,693 | 52,104 |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | FUSB [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 30,564 | 30,795 |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | FUSB [Member] | Pass 1-5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 29,284 | 27,956 |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | FUSB [Member] | Special Mention 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 236 | 638 |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | FUSB [Member] | Substandard 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 1,044 | 2,201 |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ALC [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 19,129 | 21,309 |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ALC [Member] | Performing Financing Receivable | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 18,635 | 20,778 |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ALC [Member] | Nonperforming Financing Receivable | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 494 | 531 |
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 17,163 | 20,403 |
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | FUSB [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 17,163 | 20,403 |
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | FUSB [Member] | Pass 1-5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 14,813 | 18,033 |
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | FUSB [Member] | Substandard 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 2,350 | 2,370 |
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 81,621 | 104,883 |
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | FUSB [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 81,621 | 104,883 |
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | FUSB [Member] | Pass 1-5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 75,431 | 86,812 |
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | FUSB [Member] | Special Mention 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 3,158 | 10,905 |
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | FUSB [Member] | Substandard 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 3,032 | 7,166 |
Real Estate [Member] | Other Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 57 | 58 |
Real Estate [Member] | Other Real Estate Loans [Member] | FUSB [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 57 | 58 |
Real Estate [Member] | Other Real Estate Loans [Member] | FUSB [Member] | Pass 1-5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 57 | 58 |
Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 18,198 | 16,838 |
Commercial and Industrial Loans [Member] | FUSB [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 18,198 | 16,838 |
Commercial and Industrial Loans [Member] | FUSB [Member] | Pass 1-5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 16,658 | 14,915 |
Commercial and Industrial Loans [Member] | FUSB [Member] | Special Mention 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 780 | 1,222 |
Commercial and Industrial Loans [Member] | FUSB [Member] | Substandard 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 760 | 701 |
Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 80,252 | 69,021 |
Consumer Loans [Member] | FUSB [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 6,910 | 7,188 |
Consumer Loans [Member] | FUSB [Member] | Pass 1-5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 6,810 | 6,744 |
Consumer Loans [Member] | FUSB [Member] | Special Mention 6 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 105 | |
Consumer Loans [Member] | FUSB [Member] | Substandard 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 100 | 339 |
Consumer Loans [Member] | ALC [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 73,342 | 61,833 |
Consumer Loans [Member] | ALC [Member] | Performing Financing Receivable | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 72,045 | 60,459 |
Consumer Loans [Member] | ALC [Member] | Nonperforming Financing Receivable | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 1,297 | 1,374 |
Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 786 | 579 |
Other Loans [Member] | FUSB [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | 786 | 579 |
Other Loans [Member] | FUSB [Member] | Pass 1-5 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | $ 786 | 577 |
Other Loans [Member] | FUSB [Member] | Substandard 7 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Ending balance | $ 2 |
Loans and Allowance for Loan 41
Loans and Allowance for Loan Losses - Schedule of Aging Analysis of Past Due Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | $ 260,133 | $ 274,317 |
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 12,363 | 10,431 |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 49,693 | 52,104 |
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 17,163 | 20,403 |
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 81,621 | 104,883 |
Real Estate [Member] | Other Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 57 | 58 |
Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 18,198 | 16,838 |
Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 80,252 | 69,021 |
Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 786 | 579 |
FUSB [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 2,053 | 3,432 |
Current | 165,609 | 187,743 |
Total loans | 167,662 | 191,175 |
Accruing loans past due 90 days or more amounted | 11 | |
FUSB [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 248 | 525 |
FUSB [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 552 | 190 |
FUSB [Member] | 90 Days Or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,253 | 2,717 |
FUSB [Member] | Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 516 | 127 |
Current | 11,847 | 10,304 |
Total loans | 12,363 | 10,431 |
FUSB [Member] | Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 41 | |
FUSB [Member] | Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 430 | |
FUSB [Member] | Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | 90 Days Or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 86 | 86 |
FUSB [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 659 | 1,072 |
Current | 29,905 | 29,723 |
Total loans | 30,564 | 30,795 |
FUSB [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 151 | 200 |
FUSB [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 103 | 20 |
FUSB [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | 90 Days Or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 405 | 852 |
FUSB [Member] | Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 17,163 | 20,403 |
Total loans | 17,163 | 20,403 |
FUSB [Member] | Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 762 | 2,170 |
Current | 80,859 | 102,713 |
Total loans | 81,621 | 104,883 |
FUSB [Member] | Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 268 | |
FUSB [Member] | Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 159 | |
FUSB [Member] | Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | 90 Days Or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 762 | 1,743 |
FUSB [Member] | Real Estate [Member] | Other Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 57 | 58 |
Total loans | 57 | 58 |
FUSB [Member] | Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 52 | 8 |
Current | 18,146 | 16,830 |
Total loans | 18,198 | 16,838 |
FUSB [Member] | Commercial and Industrial Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 52 | |
FUSB [Member] | Commercial and Industrial Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 8 | |
FUSB [Member] | Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 64 | 39 |
Current | 6,846 | 7,149 |
Total loans | 6,910 | 7,188 |
FUSB [Member] | Consumer Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 45 | 12 |
FUSB [Member] | Consumer Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 19 | 3 |
FUSB [Member] | Consumer Loans [Member] | 90 Days Or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 24 | |
FUSB [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 16 | |
Current | 786 | 563 |
Total loans | 786 | 579 |
Accruing loans past due 90 days or more amounted | 11 | |
FUSB [Member] | Other Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 4 | |
FUSB [Member] | Other Loans [Member] | 90 Days Or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 12 | |
ALC [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 2,836 | 3,405 |
Current | 89,635 | 79,737 |
Total loans | 92,471 | 83,142 |
Accruing loans past due 90 days or more amounted | 1,736 | |
ALC [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 671 | 853 |
ALC [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 413 | 705 |
ALC [Member] | 90 Days Or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,752 | 1,847 |
ALC [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 546 | |
Current | 18,583 | |
Total loans | 19,129 | 21,309 |
ALC [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 34 | |
ALC [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 40 | |
ALC [Member] | Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | 90 Days Or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 472 | |
ALC [Member] | Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 2,290 | 2,575 |
Current | 71,052 | 59,258 |
Total loans | 73,342 | 61,833 |
Accruing loans past due 90 days or more amounted | 1,335 | |
ALC [Member] | Consumer Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 637 | 671 |
ALC [Member] | Consumer Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 373 | 558 |
ALC [Member] | Consumer Loans [Member] | 90 Days Or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | $ 1,280 | 1,346 |
ALC [Member] | Residential Real Estate Portfolio | Secured by 1-4 Family Residential Properties [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 830 | |
Current | 20,479 | |
Total loans | 21,309 | |
Accruing loans past due 90 days or more amounted | 401 | |
ALC [Member] | Residential Real Estate Portfolio | Secured by 1-4 Family Residential Properties [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 182 | |
ALC [Member] | Residential Real Estate Portfolio | Secured by 1-4 Family Residential Properties [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 147 | |
ALC [Member] | Residential Real Estate Portfolio | Secured by 1-4 Family Residential Properties [Member] | 90 Days Or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | $ 501 |
Loans and Allowance for Loan 42
Loans and Allowance for Loan Losses - Schedule of Analysis of Non-Accruing Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | $ 3,818 | $ 4,826 |
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 345 | 956 |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 1,137 | 1,277 |
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 845 | 2,314 |
Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | 119 | 139 |
Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total loans | $ 1,372 | $ 140 |
Loans and Allowance for Loan 43
Loans and Allowance for Loan Losses - Schedule of Carrying Amount of Impaired Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Financing Receivable Impaired [Line Items] | ||
Impaired loans with no related allowance recorded, Carrying Amount | $ 1,980 | $ 8,387 |
Impaired loans with no related allowance recorded, Unpaid Principal Balance | 1,980 | 8,778 |
Impaired loans with no related allowance recorded, Related Allowances | 982 | 762 |
Impaired loans with an allowance recorded, Carrying Amount | 4,970 | 2,218 |
Impaired loans with an allowance recorded, Unpaid Principal Balance | 4,970 | 2,218 |
Total impaired loans, Carrying Amount | 6,950 | 10,605 |
Total impaired loans, Unpaid Principal Balance | 6,950 | 10,996 |
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Impaired loans with no related allowance recorded, Carrying Amount | 1,445 | |
Impaired loans with no related allowance recorded, Unpaid Principal Balance | 1,445 | |
Impaired loans with no related allowance recorded, Related Allowances | 95 | 71 |
Impaired loans with an allowance recorded, Carrying Amount | 1,445 | 603 |
Impaired loans with an allowance recorded, Unpaid Principal Balance | 1,445 | 603 |
Total impaired loans, Carrying Amount | 1,445 | 2,048 |
Total impaired loans, Unpaid Principal Balance | 1,445 | 2,048 |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Impaired loans with no related allowance recorded, Carrying Amount | 96 | 96 |
Impaired loans with no related allowance recorded, Unpaid Principal Balance | 96 | 96 |
Total impaired loans, Carrying Amount | 96 | 96 |
Total impaired loans, Unpaid Principal Balance | 96 | 96 |
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Impaired loans with no related allowance recorded, Carrying Amount | 749 | 755 |
Impaired loans with no related allowance recorded, Unpaid Principal Balance | 749 | 1,146 |
Impaired loans with no related allowance recorded, Related Allowances | 691 | 691 |
Impaired loans with an allowance recorded, Carrying Amount | 1,601 | 1,615 |
Impaired loans with an allowance recorded, Unpaid Principal Balance | 1,601 | 1,615 |
Total impaired loans, Carrying Amount | 2,350 | 2,370 |
Total impaired loans, Unpaid Principal Balance | 2,350 | 2,761 |
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Impaired loans with no related allowance recorded, Carrying Amount | 1,135 | 6,091 |
Impaired loans with no related allowance recorded, Unpaid Principal Balance | 1,135 | 6,091 |
Impaired loans with no related allowance recorded, Related Allowances | 100 | |
Impaired loans with an allowance recorded, Carrying Amount | 1,464 | |
Impaired loans with an allowance recorded, Unpaid Principal Balance | 1,464 | |
Total impaired loans, Carrying Amount | 2,599 | 6,091 |
Total impaired loans, Unpaid Principal Balance | 2,599 | $ 6,091 |
Commercial and Industrial Loans [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Impaired loans with no related allowance recorded, Related Allowances | 96 | |
Impaired loans with an allowance recorded, Carrying Amount | 460 | |
Impaired loans with an allowance recorded, Unpaid Principal Balance | 460 | |
Total impaired loans, Carrying Amount | 460 | |
Total impaired loans, Unpaid Principal Balance | $ 460 |
Loans and Allowance for Loan 44
Loans and Allowance for Loan Losses - Schedule of Average Net Investment Impaired Loans and Interest Income Recognized and Received on Impaired Loans (Detail) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Financing Receivable Impaired [Line Items] | ||
Average Recorded Investment | $ 17,562 | $ 14,743 |
Interest Income Recognized | 395 | 552 |
Interest Income Received | 377 | 540 |
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Average Recorded Investment | 3,081 | 2,769 |
Interest Income Recognized | 20 | 46 |
Interest Income Received | 22 | 46 |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Average Recorded Investment | 193 | 143 |
Interest Income Recognized | 3 | |
Interest Income Received | 3 | |
Real Estate [Member] | Secured by Multi-family Residential Properties [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Average Recorded Investment | 4,997 | 3,565 |
Interest Income Recognized | 72 | 178 |
Interest Income Received | 63 | 170 |
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Average Recorded Investment | 9,138 | 8,186 |
Interest Income Recognized | 289 | 324 |
Interest Income Received | 279 | 320 |
Commercial and Industrial Loans [Member] | ||
Financing Receivable Impaired [Line Items] | ||
Average Recorded Investment | 153 | 80 |
Interest Income Recognized | 14 | 1 |
Interest Income Received | $ 13 | $ 1 |
Loans and Allowance for Loan 45
Loans and Allowance for Loan Losses - Schedule of Number of Loans Modified Troubled Debt Restructuring by Loan Portfolio (Detail) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015USD ($)SecurityLoan | Dec. 31, 2014USD ($)SecurityLoan | |
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | SecurityLoan | 15 | 18 |
Pre-Modification Outstanding Principal Balance | $ 3,947 | $ 5,089 |
Post-Modification Principal Balance | $ 2,911 | $ 3,929 |
Subsequent default number of loans | SecurityLoan | 2 | 2 |
Recorded Investment | $ 610 | $ 886 |
Real Estate [Member] | Construction, Land Development and Other Land Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | SecurityLoan | 3 | 4 |
Pre-Modification Outstanding Principal Balance | $ 2,220 | $ 3,282 |
Post-Modification Principal Balance | $ 1,755 | $ 2,365 |
Real Estate [Member] | Secured by 1-4 Family Residential Properties [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | SecurityLoan | 4 | 4 |
Pre-Modification Outstanding Principal Balance | $ 200 | $ 200 |
Post-Modification Principal Balance | $ 149 | $ 156 |
Real Estate [Member] | Secured by Non-farm, Non-residential Properties [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | SecurityLoan | 5 | 6 |
Pre-Modification Outstanding Principal Balance | $ 1,368 | $ 1,448 |
Post-Modification Principal Balance | $ 908 | $ 1,299 |
Subsequent default number of loans | SecurityLoan | 2 | 2 |
Recorded Investment | $ 610 | $ 886 |
Commercial and Industrial Loans [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | SecurityLoan | 3 | 4 |
Pre-Modification Outstanding Principal Balance | $ 159 | $ 159 |
Post-Modification Principal Balance | $ 99 | $ 109 |
Other Real Estate Owned - Summa
Other Real Estate Owned - Summary of Foreclosed Property Activity (Detail) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning Balance | $ 7,735 | $ 9,310 |
Transfers from loans | 1,114 | 4,252 |
Sales proceeds | (1,370) | (3,107) |
Gross gains | 4 | 230 |
Gross losses | (250) | (185) |
Net gains (losses) | (246) | 45 |
Impairment | (65) | (193) |
Ending Balance | 7,168 | 10,307 |
FUSB [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning Balance | 6,997 | 8,463 |
Transfers from loans | 996 | 4,020 |
Sales proceeds | (1,274) | (2,956) |
Gross gains | 4 | 230 |
Gross losses | (190) | (127) |
Net gains (losses) | (186) | 103 |
Impairment | (24) | (146) |
Ending Balance | 6,509 | 9,484 |
ALC [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning Balance | 738 | 847 |
Transfers from loans | 118 | 232 |
Sales proceeds | (96) | (151) |
Gross losses | (60) | (58) |
Net gains (losses) | (60) | (58) |
Impairment | (41) | (47) |
Ending Balance | $ 659 | $ 823 |
Other Real Estate Owned - Addit
Other Real Estate Owned - Additional Information (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | Dec. 31, 2013 |
Real Estate Properties [Line Items] | ||||
Other real estate owned | $ 7,168 | $ 7,735 | $ 10,307 | $ 9,310 |
Consumer mortgage loans collateralized by residential real estate | 500 | |||
Residential Real Estate [Member] | ||||
Real Estate Properties [Line Items] | ||||
Other real estate owned | $ 1,100 |
Investment in Limited Partner48
Investment in Limited Partnerships - Additional Information (Detail) - USD ($) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Schedule of Equity Method Investments [Line Items] | |||
Consolidated VIE limited partnership interest | 99.90% | ||
Total assets recorded due to consolidation | $ 0 | ||
Residual interest upon dissolution of the partnership | $ 1,000,000 | ||
Other Assets | |||
Schedule of Equity Method Investments [Line Items] | |||
Assets representing the carrying amount of remaining partnership | $ 800,000 | ||
Maximum [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Total assets recorded due to consolidation | $ 100,000 | $ 100,000 |
Short-Term Borrowings - Additio
Short-Term Borrowings - Additional Information (Detail) - USD ($) | 6 Months Ended | |
Jun. 30, 2015 | Dec. 31, 2014 | |
Short-term Debt [Line Items] | ||
Federal funds purchased | $ 0 | $ 0 |
Securities sold under repurchase agreements | 1,000,000 | 400,000 |
Available fund lines from correspondent banks | $ 18,800,000 | $ 18,800,000 |
Minimum [Member] | ||
Short-term Debt [Line Items] | ||
Maturity period of federal funds | 1 day | |
Maximum [Member] | ||
Short-term Debt [Line Items] | ||
Maturity period of federal funds | 4 days |
Long-Term Debt - Additional Inf
Long-Term Debt - Additional Information (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Debt Disclosure [Abstract] | ||
FHLB advances outstanding | $ 5,000 | $ 5,000 |
Assets pledged associated with FHLB advances | 6,900 | 5,700 |
Available credit from the FHLB | $ 168,100 | $ 166,800 |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Income Tax Disclosure [Abstract] | |||||
Provision for income taxes | $ 312 | $ 608 | $ 663 | $ 884 | |
Effective tax rate | 29.20% | 30.70% | |||
Net deferred tax assets | $ 7,800 | $ 7,800 | $ 7,900 |
Stock Option Grants - Additiona
Stock Option Grants - Additional Information (Detail) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Maximum [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Stock options aggregate intrinsic value | $ 0.1 | $ 0.1 |
Employee Stock Option [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Fair value risk-free interest rate | 1.50% | |
Fair value expected term | 7 years 6 months | |
Fair value dividend rate | 1.50% | |
Stock price volatility period | 3 years | |
Employee Stock Option [Member] | Omnibus Incentive Plan [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Stock option awards granted vesting period | 1 year | |
Stock option awards granted fully vested or to be vested contractual term | 10 years | |
Stock-based compensation expense related to stock option | $ 0.1 | |
Employee Stock Option [Member] | Omnibus Incentive Plan [Member] | Maximum [Member] | ||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||
Stock-based compensation expense related to stock option | $ 0.1 |
Stock Option Grants - Summary o
Stock Option Grants - Summary of Stock Option Activity (Detail) - $ / shares | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Number of Shares | ||
Stock Options Outstanding, Number of Shares, Beginning balance | 83,400 | |
Stock Options Granted, Number of Shares | 96,150 | 10,750 |
Stock Options Forfeited, Number of Shares | 2,500 | |
Stock Options Outstanding, Number of Shares, Ending balance | 177,050 | 10,750 |
Stock Options Exercisable, Number of Shares | 81,900 | |
Average Exercise Price | ||
Stock Options Outstanding, Average Exercise Price, Beginning balance | $ 8.09 | |
Stock Options Granted, Average Exercise Price | 8.23 | $ 8 |
Stock Options Expired, Average Exercise Price | 8.09 | |
Stock Options Outstanding, Average Exercise Price, Ending balance | 8.16 | $ 8 |
Stock Options Exercisable, Average Exercise Price | $ 8.09 |
Segment Reporting - Additional
Segment Reporting - Additional Information (Detail) | 6 Months Ended |
Jun. 30, 2015Segment | |
Segment Reporting [Abstract] | |
Number of reportable operating segments | 2 |
Segment Reporting - Summary of
Segment Reporting - Summary of Results for Reportable Segments (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Segment Reporting Information [Line Items] | |||||
Net interest income | $ 7,170 | $ 7,300 | $ 13,877 | $ 14,501 | |
Provision (reduction in reserve) for loan losses | 45 | (264) | (121) | 150 | |
Total non-interest income | 1,068 | 1,485 | 2,359 | 2,632 | |
Total non-interest expense | 7,107 | 7,223 | 14,084 | 14,107 | |
Income before income taxes | 1,086 | 1,826 | 2,273 | 2,876 | |
Provision for income taxes | 312 | 608 | 663 | 884 | |
Net income | 774 | 1,218 | 1,610 | 1,992 | |
Other significant items: | |||||
Total assets | 560,650 | 570,692 | 560,650 | 570,692 | $ 572,609 |
Total investment securities | 246,176 | 209,945 | 246,176 | 209,945 | |
Loans, net of allowance for loan losses of $5,008 and $6,168, respectively | 244,993 | 272,086 | 244,993 | 272,086 | 259,516 |
Investment in subsidiaries | 5 | 5 | 5 | 5 | |
Fixed asset addition | 726 | 160 | 1,859 | 881 | |
Depreciation and amortization expense | 216 | 184 | 428 | 364 | |
Total interest income from external customers | 7,735 | 7,930 | 15,056 | 15,776 | |
Eliminations [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Total non-interest income | (1,121) | (1,512) | (2,313) | (2,625) | |
Total non-interest expense | (142) | (180) | (296) | (391) | |
Income before income taxes | (979) | (1,332) | (2,017) | (2,234) | |
Net income | (979) | (1,332) | (2,017) | (2,234) | |
Other significant items: | |||||
Total assets | (168,205) | (152,396) | (168,205) | (152,396) | |
Loans, net of allowance for loan losses of $5,008 and $6,168, respectively | (72,335) | (58,935) | (72,335) | (58,935) | |
Investment in subsidiaries | (76,488) | (74,262) | (76,488) | (74,262) | |
Total interest income from affiliates | (921) | (801) | (1,805) | (1,568) | |
FUSB [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Provision (reduction in reserve) for loan losses | (970) | (1,920) | |||
Other significant items: | |||||
Loans, net of allowance for loan losses of $5,008 and $6,168, respectively | 165,022 | 165,022 | 187,500 | ||
FUSB [Member] | Operating Segments [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net interest income | 3,991 | 4,101 | 7,835 | 8,188 | |
Provision (reduction in reserve) for loan losses | (445) | (325) | (970) | (500) | |
Total non-interest income | 861 | 1,286 | 2,011 | 2,217 | |
Total non-interest expense | 4,386 | 4,767 | 8,667 | 9,097 | |
Income before income taxes | 911 | 945 | 2,149 | 1,808 | |
Provision for income taxes | 264 | 230 | 635 | 406 | |
Net income | 647 | 715 | 1,514 | 1,402 | |
Other significant items: | |||||
Total assets | 562,900 | 572,377 | 562,900 | 572,377 | |
Total investment securities | 246,096 | 209,865 | 246,096 | 209,865 | |
Loans, net of allowance for loan losses of $5,008 and $6,168, respectively | 237,357 | 262,533 | 237,357 | 262,533 | |
Investment in subsidiaries | 5 | 5 | 5 | 5 | |
Fixed asset addition | 639 | 159 | 1,610 | 867 | |
Depreciation and amortization expense | 155 | 131 | 308 | 259 | |
Total interest income from external customers | 3,640 | 3,935 | 7,217 | 7,904 | |
Total interest income from affiliates | 918 | 799 | 1,801 | 1,564 | |
ALC [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Provision (reduction in reserve) for loan losses | 849 | 1,846 | |||
Other significant items: | |||||
Loans, net of allowance for loan losses of $5,008 and $6,168, respectively | 79,971 | 79,971 | $ 72,016 | ||
ALC [Member] | Operating Segments [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net interest income | 3,176 | 3,197 | 6,037 | 6,308 | |
Provision (reduction in reserve) for loan losses | 490 | 61 | 849 | 650 | |
Total non-interest income | 235 | 286 | 455 | 572 | |
Total non-interest expense | 2,477 | 2,443 | 4,970 | 4,999 | |
Income before income taxes | 444 | 979 | 673 | 1,231 | |
Provision for income taxes | 153 | 377 | 239 | 476 | |
Net income | 291 | 602 | 434 | 755 | |
Other significant items: | |||||
Total assets | 84,139 | 71,303 | 84,139 | 71,303 | |
Loans, net of allowance for loan losses of $5,008 and $6,168, respectively | 79,971 | 68,488 | 79,971 | 68,488 | |
Fixed asset addition | 87 | 1 | 249 | 14 | |
Depreciation and amortization expense | 61 | 53 | 120 | 105 | |
Total interest income from external customers | 4,095 | 3,995 | 7,838 | 7,872 | |
All Other [Member] | Operating Segments [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net interest income | 3 | 2 | 5 | 5 | |
Total non-interest income | 1,093 | 1,425 | 2,206 | 2,468 | |
Total non-interest expense | 386 | 193 | 743 | 402 | |
Income before income taxes | 710 | 1,234 | 1,468 | 2,071 | |
Provision for income taxes | (105) | 1 | (211) | 2 | |
Net income | 815 | 1,233 | 1,679 | 2,069 | |
Other significant items: | |||||
Total assets | 81,816 | 79,408 | 81,816 | 79,408 | |
Total investment securities | 80 | 80 | 80 | 80 | |
Investment in subsidiaries | 76,488 | 74,262 | 76,488 | 74,262 | |
Total interest income from external customers | 1 | ||||
Total interest income from affiliates | $ 3 | $ 2 | $ 4 | $ 4 |
Guarantees, Commitments and C56
Guarantees, Commitments and Contingencies - Additional Information (Detail) - USD ($) | 3 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Commitments And Contingencies Disclosure [Abstract] | |||
Credit losses associated with derivative contracts | $ 0 | $ 0 | |
Outstanding commitments to purchase securities | 0 | $ 0 | |
Outstanding commitments to sell securities | $ 0 | $ 0 |
Guarantees, Commitments and C57
Guarantees, Commitments and Contingencies - Summary of Commitments and Contingent Liabilities (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
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 | $ 683 | $ 833 |
Commitments to Extend Credit [Member] | ||
Summary Of Commitments And Contingent Liabilities [Line Items] | ||
Commitments and contingent liabilities | $ 29,914 | $ 31,644 |
Fair Value of Financial Instr58
Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
Recurring Fair Value Measurements [Member] | ||
Fair Value Measurement [Line Items] | ||
Liabilities measured at fair value on recurring basis | $ 0 | $ 0 |
Fair Value of Financial Instr59
Fair Value of Financial Instruments - Schedule of Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value | $ 14 | $ 68 |
Recurring Fair Value Measurements [Member] | U.S. Treasury Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value | 80 | 4,060 |
Recurring Fair Value Measurements [Member] | Other Assets | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value | 14 | 68 |
Recurring Fair Value Measurements [Member] | Residential [Member] | Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value | 138,769 | 141,684 |
Recurring Fair Value Measurements [Member] | Commercial [Member] | Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value | 45,147 | 35,944 |
Recurring Fair Value Measurements [Member] | Obligations of States and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value | 15,461 | 16,914 |
Recurring Fair Value Measurements [Member] | Obligations of U.S. Government Sponsored Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value | 2,000 | 6,364 |
Recurring Fair Value Measurements [Member] | Corporate Notes [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value | 790 | |
Recurring Fair Value Measurements [Member] | Level 2 [Member] | U.S. Treasury Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value | 80 | 4,060 |
Recurring Fair Value Measurements [Member] | Level 2 [Member] | Other Assets | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value | 14 | 68 |
Recurring Fair Value Measurements [Member] | Level 2 [Member] | Residential [Member] | Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value | 138,769 | 141,684 |
Recurring Fair Value Measurements [Member] | Level 2 [Member] | Commercial [Member] | Mortgage-Backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value | 45,147 | 35,944 |
Recurring Fair Value Measurements [Member] | Level 2 [Member] | Obligations of States and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value | 15,461 | 16,914 |
Recurring Fair Value Measurements [Member] | Level 2 [Member] | Obligations of U.S. Government Sponsored Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value | 2,000 | $ 6,364 |
Recurring Fair Value Measurements [Member] | Level 2 [Member] | Corporate Notes [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value | $ 790 |
Fair Value of Financial Instr60
Fair Value of Financial Instruments - Balances of Impaired Loans and OREO Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value | $ 14 | $ 68 |
Non-Recurring Fair Value Measurements [Member] | Impaired Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value | 3,988 | 1,456 |
Non-Recurring Fair Value Measurements [Member] | Impaired Loans [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value | 3,988 | 1,456 |
Non-Recurring Fair Value Measurements [Member] | OREO [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value | 7,168 | 7,735 |
Non-Recurring Fair Value Measurements [Member] | OREO [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value | $ 7,168 | $ 7,735 |
Fair Value of Financial Instr61
Fair Value of Financial Instruments - Summary of Assets and Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3) (Detail) - Non-Recurring Fair Value Measurements [Member] - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2015 | Dec. 31, 2014 | |
Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value | $ 3,988 | $ 1,456 |
Valuation Technique | Multiple data points, including discount to appraised value of collateral based on recent market activity | |
Unobservable Input | Appraisal comparability adjustment (discount) | |
OREO [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value | $ 7,168 | $ 7,735 |
Valuation Technique | Discount to appraised value of property based on recent market activity for sales of similar properties | |
Unobservable Input | Appraisal comparability adjustment (discount) | |
Minimum [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Quantitative Range of Unobservable Inputs (Weighted-Average) | 9.00% | |
Minimum [Member] | OREO [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Quantitative Range of Unobservable Inputs (Weighted-Average) | 9.00% | |
Maximum [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Quantitative Range of Unobservable Inputs (Weighted-Average) | 10.00% | |
Maximum [Member] | OREO [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Quantitative Range of Unobservable Inputs (Weighted-Average) | 10.00% | |
Weighted Average [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Quantitative Range of Unobservable Inputs (Weighted-Average) | (9.00%) | |
Weighted Average [Member] | OREO [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Quantitative Range of Unobservable Inputs (Weighted-Average) | (9.00%) |
Fair Value of Financial Instr62
Fair Value of Financial Instruments - Schedule of Estimated Fair Value and Related Carrying or Notional Amounts of Company's Financial Instruments (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | Dec. 31, 2013 |
Assets: | ||||
Cash and cash equivalents | $ 25,053 | $ 34,166 | $ 41,443 | $ 47,720 |
Investment securities available-for-sale | 202,247 | 204,966 | ||
Investment securities held-to-maturity | 43,929 | 29,120 | ||
Federal Home Loan Bank stock | 740 | 738 | ||
Loans, net of allowance for loan losses | 244,993 | 259,516 | $ 272,086 | |
Other assets – derivatives | 9,527 | 10,394 | ||
Held-to-Maturity, Estimated Fair Value | 43,629 | 29,154 | ||
Liabilities: | ||||
Deposits | 471,141 | 483,659 | ||
Short-term borrowings | 985 | 436 | ||
Long-term debt | 5,000 | 5,000 | ||
Level 1 [Member] | ||||
Assets: | ||||
Cash and cash equivalents | 25,053 | 34,166 | ||
Level 2 [Member] | ||||
Assets: | ||||
Investment securities available-for-sale | 202,247 | 204,966 | ||
Held-to-Maturity, Estimated Fair Value | 43,629 | 29,154 | ||
Other assets – derivatives | 14 | 68 | ||
Liabilities: | ||||
Deposits | 471,692 | 484,108 | ||
Short-term borrowings | 985 | 436 | ||
Long-term debt | 5,002 | 5,007 | ||
Level 3 [Member] | ||||
Assets: | ||||
Federal Home Loan Bank stock | 740 | 738 | ||
Loans, net of allowance for loan losses | 246,865 | 259,337 | ||
Carrying Amount [Member] | ||||
Assets: | ||||
Cash and cash equivalents | 25,053 | 34,166 | ||
Investment securities available-for-sale | 202,247 | 204,966 | ||
Investment securities held-to-maturity | 43,929 | 29,120 | ||
Federal Home Loan Bank stock | 740 | 738 | ||
Loans, net of allowance for loan losses | 244,993 | 259,516 | ||
Other assets – derivatives | 14 | 68 | ||
Liabilities: | ||||
Deposits | 471,141 | 483,659 | ||
Short-term borrowings | 985 | 436 | ||
Long-term debt | 5,000 | 5,000 | ||
Estimated Fair Value [Member] | ||||
Assets: | ||||
Investment securities available-for-sale | 202,247 | 204,966 | ||
Cash and cash equivalents | 25,053 | 34,166 | ||
Held-to-Maturity, Estimated Fair Value | 43,629 | 29,154 | ||
Federal Home Loan Bank stock | 740 | 738 | ||
Loans, net of allowance for loan losses | 246,865 | 259,337 | ||
Other assets – derivatives | 14 | 68 | ||
Liabilities: | ||||
Deposits | 471,692 | 484,108 | ||
Short-term borrowings | 985 | 436 | ||
Long-term debt | $ 5,002 | $ 5,007 |