Document_And_Entity_Informatio
Document And Entity Information | 6 Months Ended | |
Jun. 30, 2014 | Jul. 31, 2014 | |
Document Information [Line Items] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Jun-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
Trading Symbol | 'LKFN | ' |
Entity Common Stock, Shares Outstanding | ' | 16,548,074 |
Entity Registrant Name | 'LAKELAND FINANCIAL CORP | ' |
Entity Central Index Key | '0000721994 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $150,448 | $55,727 |
Short-term investments | 9,954 | 7,378 |
Total cash and cash equivalents | 160,402 | 63,105 |
Securities available for sale (carried at fair value) | 475,862 | 468,967 |
Real estate mortgage loans held for sale | 1,069 | 1,778 |
Loans, net of allowance for loan losses of $45,605 and $48,797 | 2,627,722 | 2,486,301 |
Land, premises and equipment, net | 39,867 | 39,335 |
Bank owned life insurance | 63,363 | 62,883 |
Federal Reserve and Federal Home Loan Bank stock | 10,732 | 10,732 |
Accrued interest receivable | 8,970 | 8,577 |
Goodwill | 4,970 | 4,970 |
Other assets | 26,154 | 29,116 |
Total assets | 3,419,111 | 3,175,764 |
LIABILITIES | ' | ' |
Noninterest bearing deposits | 506,771 | 479,606 |
Interest bearing deposits | 2,320,974 | 2,066,462 |
Total deposits | 2,827,745 | 2,546,068 |
Short-term borrowings | ' | ' |
Federal funds purchased | 0 | 11,000 |
Securities sold under agreements to repurchase | 92,961 | 104,876 |
Other short-term borrowings | 110,000 | 146,000 |
Total short-term borrowings | 202,961 | 261,876 |
Long-term borrowings | 35 | 37 |
Subordinated debentures | 30,928 | 30,928 |
Accrued interest payable | 2,996 | 2,918 |
Other liabilities | 10,871 | 11,973 |
Total liabilities | 3,075,536 | 2,853,800 |
STOCKHOLDERS' EQUITY | ' | ' |
Common stock: 90,000,000 shares authorized, no par value16,538,617 shares issued and 16,459,359 outstanding as of June 30, 2014 16,475,716 shares issued and 16,377,449 outstanding as of December 31, 2013 | 94,205 | 93,249 |
Retained earnings | 247,715 | 233,108 |
Accumulated other comprehensive income/(loss) | 3,352 | -2,494 |
Treasury stock, at cost (2014 - 79,258 shares, 2013 - 98,267 shares) | -1,786 | -1,988 |
Total stockholders' equity | 343,486 | 321,875 |
Noncontrolling interest | 89 | 89 |
Total equity | 343,575 | 321,964 |
Total liabilities and equity | $3,419,111 | $3,175,764 |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
ASSETS | ' | ' |
Valuation allowance | $45,605 | $48,797 |
EQUITY | ' | ' |
Common stock, shares authorized (in shares) | 90,000,000 | 90,000,000 |
Common stock, par value (in dollars per share) | $0 | $0 |
Common stock, shares issued (in shares) | 16,538,617 | 16,475,716 |
Common stock, shares outstanding (in shares) | 16,459,359 | 16,377,449 |
Treasury stock, at cost | 79,258 | 98,267 |
CONSOLIDATED_STATEMENTS_OF_INC
CONSOLIDATED STATEMENTS OF INCOME (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Interest and fees on loans | ' | ' | ' | ' |
Taxable | $26,270 | $24,388 | $51,604 | $48,874 |
Tax exempt | 125 | 102 | 223 | 204 |
Interest and dividends on securities | ' | ' | ' | ' |
Taxable | 2,028 | 1,152 | 4,039 | 2,097 |
Tax exempt | 816 | 770 | 1,635 | 1,505 |
Interest on short-term investments | 11 | 12 | 19 | 36 |
Total interest income | 29,250 | 26,424 | 57,520 | 52,716 |
Interest on deposits | 3,335 | 4,139 | 6,522 | 8,776 |
Interest on borrowings | ' | ' | ' | ' |
Short-term | 104 | 112 | 255 | 203 |
Long-term | 257 | 261 | 509 | 568 |
Total interest expense | 3,696 | 4,512 | 7,286 | 9,547 |
NET INTEREST INCOME | 25,554 | 21,912 | 50,234 | 43,169 |
Provision for loan losses | 0 | 0 | 0 | 0 |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 25,554 | 21,912 | 50,234 | 43,169 |
NONINTEREST INCOME | ' | ' | ' | ' |
Wealth advisory fees | 977 | 971 | 2,016 | 1,915 |
Investment brokerage fees | 923 | 997 | 2,040 | 1,946 |
Service charges on deposit accounts | 2,348 | 2,252 | 4,499 | 4,223 |
Loan, insurance and service fees | 1,757 | 1,812 | 3,215 | 3,268 |
Merchant card fee income | 380 | 293 | 730 | 569 |
Bank owned life insurance income | 338 | 418 | 710 | 811 |
Other income | 686 | 288 | 1,561 | 1,270 |
Mortgage banking income | 179 | 538 | 244 | 1,047 |
Net securities gains | 4 | 0 | 4 | 1 |
Total noninterest income | 7,592 | 7,569 | 15,019 | 15,050 |
NONINTEREST EXPENSE | ' | ' | ' | ' |
Salaries and employee benefits | 9,467 | 8,891 | 19,454 | 18,056 |
Net occupancy expense | 903 | 873 | 2,013 | 1,719 |
Equipment costs | 761 | 654 | 1,534 | 1,263 |
Data processing fees and supplies | 1,493 | 1,379 | 2,984 | 2,672 |
Corporate and business development | 481 | 443 | 897 | 849 |
FDIC insurance and other regulatory fees | 488 | 458 | 965 | 921 |
Professional fees | 736 | 753 | 1,536 | 1,348 |
Other expense | 1,755 | 1,640 | 3,491 | 3,156 |
Total noninterest expense | 16,084 | 15,091 | 32,874 | 29,984 |
INCOME BEFORE INCOME TAX EXPENSE | 17,062 | 14,390 | 32,379 | 28,235 |
Income tax expense | 5,750 | 5,154 | 11,155 | 9,753 |
NET INCOME | $11,312 | $9,236 | $21,224 | $18,482 |
BASIC WEIGHTED AVERAGE COMMON SHARES | 16,536,112 | 16,425,382 | 16,524,079 | 16,411,695 |
BASIC EARNINGS PER COMMON SHARE | $0.68 | $0.56 | $1.28 | $1.13 |
DILUTED WEIGHTED AVERAGE COMMON SHARES | 16,739,069 | 16,546,547 | 16,729,479 | 16,524,250 |
DILUTED EARNINGS PER COMMON SHARE | $0.68 | $0.56 | $1.27 | $1.12 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Net income | $11,312 | $9,236 | $21,224 | $18,482 |
Change in securities available for sale: | ' | ' | ' | ' |
Unrealized holding gain (loss) on securities available for sale arising during the period | 4,761 | -9,358 | 9,552 | -10,399 |
Reclassification adjustment for (gains) losses included in net income | -4 | 0 | -4 | -1 |
Net securities gain (loss) activity during the period | 4,757 | -9,358 | 9,548 | -10,400 |
Tax effect | -1,888 | 3,705 | -3,792 | 4,104 |
Net of tax amount | 2,869 | -5,653 | 5,756 | -6,296 |
Defined benefit pension plans: | ' | ' | ' | ' |
Net gain (loss) on defined benefit pension plans | 0 | 0 | 64 | -151 |
Amortization of net actuarial loss | 50 | 66 | 99 | 121 |
Net gain (loss) activity during the period | 50 | 66 | 163 | -30 |
Tax effect | -21 | -26 | -73 | 12 |
Net of tax amount | 29 | 40 | 90 | -18 |
Total other comprehensive income (loss), net of tax | 2,898 | -5,613 | 5,846 | -6,314 |
Comprehensive income | $14,210 | $3,623 | $27,070 | $12,168 |
CONSOLIDATED_STATEMENTS_OF_CHA
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $) | Total | Common Stock | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock |
In Thousands, except Share data | |||||
Balance at Dec. 31, 2012 | $297,739 | $90,039 | $203,654 | $5,689 | ($1,643) |
Balance (in shares) at Dec. 31, 2012 | ' | 16,290,136 | ' | ' | ' |
Net income | 18,482 | ' | 18,482 | ' | ' |
Other comprehensive income (loss), net of tax | -6,314 | ' | ' | -6,314 | ' |
Cash dividends declared | -3,134 | ' | -3,134 | ' | ' |
Treasury shares purchased under deferred directors' plan | 0 | 190 | ' | ' | -190 |
Treasury shares purchased under deferred directors' plan (in shares) | ' | -7,091 | ' | ' | ' |
Treasury stock sold and distributed under deferred directors' plan | ' | -54 | ' | ' | 54 |
Treasury stock sold and distributed under deferred directors' plan (in shares) | ' | 3,018 | ' | ' | ' |
Stock activity under equity compensation plans | 18 | 18 | ' | ' | ' |
Stock activity under stock compensation plans (in shares) | ' | 54,634 | ' | ' | ' |
Stock based compensation expense | 728 | 728 | ' | ' | ' |
Balance at Jun. 30, 2013 | 307,519 | 90,921 | 219,002 | -625 | -1,779 |
Balance (in shares) at Jun. 30, 2013 | ' | 16,340,697 | ' | ' | ' |
Balance at Dec. 31, 2013 | 321,875 | 93,249 | 233,108 | -2,494 | -1,988 |
Balance (in shares) at Dec. 31, 2013 | ' | 16,377,449 | ' | ' | ' |
Net income | 21,224 | ' | 21,224 | ' | ' |
Other comprehensive income (loss), net of tax | 5,846 | ' | ' | 5,846 | ' |
Cash dividends declared | -6,617 | ' | -6,617 | ' | ' |
Treasury shares purchased under deferred directors' plan | 0 | 230 | ' | ' | -230 |
Treasury shares purchased under deferred directors' plan (in shares) | ' | -6,022 | ' | ' | ' |
Treasury stock sold and distributed under deferred directors' plan | 0 | -432 | ' | ' | 432 |
Treasury stock sold and distributed under deferred directors' plan (in shares) | ' | 25,031 | ' | ' | ' |
Stock activity under equity compensation plans | -70 | -70 | ' | ' | ' |
Stock activity under stock compensation plans (in shares) | ' | 62,901 | ' | ' | ' |
Stock based compensation expense | 1,228 | 1,228 | ' | ' | ' |
Balance at Jun. 30, 2014 | $343,486 | $94,205 | $247,715 | $3,352 | ($1,786) |
Balance (in shares) at Jun. 30, 2014 | ' | 16,459,359 | ' | ' | ' |
CONSOLIDATED_STATEMENTS_OF_CHA1
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) (USD $) | 6 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | |
Common stock cash dividends declared, per share (in dollars per share) | $0.40 | $0.19 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Cash flows from operating activities: | ' | ' |
Net income | $21,224 | $18,482 |
Adjustments to reconcile net income to net cash from operating activities: | ' | ' |
Depreciation | 1,657 | 1,384 |
Loss on sale and write down of other real estate owned | 58 | 95 |
Amortization of intangible assets | 0 | 23 |
Amortization of loan servicing rights | 262 | 324 |
Net change in loan servicing rights valuation allowance | 0 | -39 |
Loans originated for sale | -26,251 | -51,639 |
Net gain on sales of loans | -493 | -1,676 |
Proceeds from sale of loans | 27,269 | 56,748 |
Net gain on sales of premises and equipment | -5 | -1 |
Net gain on sales and calls of securities available for sale | -4 | -1 |
Net securities amortization | 2,893 | 5,139 |
Stock based compensation expense | 1,228 | 728 |
Earnings on life insurance | -709 | -797 |
Tax benefit of stock option exercises | -34 | -39 |
Net change: | ' | ' |
Interest receivable and other assets | -618 | 5,267 |
Interest payable and other liabilities | -665 | -2,797 |
Total adjustments | 4,588 | 12,719 |
Net cash from operating activities | 25,812 | 31,201 |
Cash flows from investing activities: | ' | ' |
Proceeds from maturities, calls and principal paydowns of securities available for sale | 29,218 | 69,675 |
Purchases of securities available for sale | -29,454 | -91,167 |
Purchase of life insurance | -124 | -99 |
Proceeds from loans sold to others | 4,307 | 0 |
Net increase in total loans | -146,573 | -77,990 |
Proceeds from sales of land, premises and equipment | 6 | 1 |
Purchases of land, premises and equipment | -2,190 | -1,890 |
Proceeds from sales of other real estate | 150 | 386 |
Distribution from life insurance | 302 | 0 |
Net cash from investing activities | -144,358 | -101,084 |
Cash flows from financing activities: | ' | ' |
Net increase (decrease) in total deposits | 281,677 | -98,264 |
Net increase (decrease) in short-term borrowings | -58,915 | 17,772 |
Payments on long-term borrowings | -2 | -15,001 |
Common dividends paid | -6,604 | -3,121 |
Preferred dividends paid | -13 | -13 |
Proceeds (payments) related to equity incentive plans | -70 | 18 |
Purchase of treasury stock | -230 | -190 |
Net cash from financing activities | 215,843 | -98,799 |
Net change in cash and cash equivalents | 97,297 | -168,682 |
Cash and cash equivalents at beginning of the period | 63,105 | 232,237 |
Cash and cash equivalents at end of the period | 160,402 | 63,555 |
Cash paid during the period for: | ' | ' |
Interest | 7,208 | 9,900 |
Income taxes | 10,185 | 8,330 |
Supplemental non-cash disclosures: | ' | ' |
Loans transferred to other real estate owned | $845 | $0 |
BASIS_OF_PRESENTATION
BASIS OF PRESENTATION | 6 Months Ended |
Jun. 30, 2014 | |
Organization, Consolidation and Presentation Of Financial Statements [Abstract] | ' |
BASIS OF PRESENTATION | ' |
NOTE 1. BASIS OF PRESENTATION | |
This report is filed for Lakeland Financial Corporation (the “Company”) and its wholly owned subsidiaries, Lake City Bank (the “Bank”), and LCB Risk Management, a captive insurance company. All significant inter-company balances and transactions have been eliminated in consolidation. Also included in this report is the Bank’s wholly owned subsidiary, LCB Investments II, Inc. (“LCB Investments”), which manages a portion of the Bank’s investment portfolio. LCB Investments also owns LCB Funding, Inc. (“LCB Funding”), a real estate investment trust. | |
The unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions for Form 10-Q. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and are unaudited. In the opinion of management, all adjustments (all of which are normal and recurring in nature) considered necessary for a fair presentation have been included. Operating results for the three-month and six-month periods ending June 30, 2014 are not necessarily indicative of the results that may be expected for any subsequent reporting periods, including the year ending December 31, 2014. The 2013 Lakeland Financial Corporation Annual Report on Form 10-K should be read in conjunction with these statements. | |
SECURITIES
SECURITIES | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Securities [Abstract] | ' | |||||||||||||||||||
SECURITIES | ' | |||||||||||||||||||
NOTE 2. SECURITIES | ||||||||||||||||||||
Information related to the fair value and amortized cost of securities available for sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) is provided in the tables below. | ||||||||||||||||||||
Gross | Gross | |||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||||||||||
(dollars in thousands) | Cost | Gain | Losses | Value | ||||||||||||||||
30-Jun-14 | ||||||||||||||||||||
U.S. Treasury securities | $ | 1,000 | $ | 6 | $ | 0 | $ | 1,006 | ||||||||||||
Agency residential mortgage-backed securities | 370,111 | 7,533 | -3,066 | 374,578 | ||||||||||||||||
State and municipal securities | 97,236 | 3,771 | -729 | 100,278 | ||||||||||||||||
Total | $ | 468,347 | $ | 11,310 | $ | -3,795 | $ | 475,862 | ||||||||||||
31-Dec-13 | ||||||||||||||||||||
U.S. Treasury securities | $ | 1,001 | $ | 16 | $ | 0 | $ | 1,017 | ||||||||||||
Agency residential mortgage-backed securities | 374,611 | 5,301 | -7,935 | 371,977 | ||||||||||||||||
State and municipal securities | 95,388 | 2,597 | -2,012 | 95,973 | ||||||||||||||||
Total | $ | 471,000 | $ | 7,914 | $ | -9,947 | $ | 468,967 | ||||||||||||
There was no other-than-temporary impairment (“OTTI”) recognized in accumulated other comprehensive income (loss) for securities available for sale at June 30, 2014 and December 31, 2013. | ||||||||||||||||||||
Information regarding the fair value and amortized cost of available for sale debt securities by maturity as of June 30, 2014 is presented below. Maturity information is based on contractual maturity for all securities other than mortgage-backed securities. Actual maturities of securities may differ from contractual maturities because borrowers may have the right to prepay the obligation without a prepayment penalty. | ||||||||||||||||||||
Amortized | Fair | |||||||||||||||||||
(dollars in thousands) | Cost | Value | ||||||||||||||||||
Due in one year or less | $ | 4,994 | $ | 5,029 | ||||||||||||||||
Due after one year through five years | 17,438 | 18,464 | ||||||||||||||||||
Due after five years through ten years | 42,389 | 44,103 | ||||||||||||||||||
Due after ten years | 33,415 | 33,688 | ||||||||||||||||||
98,236 | 101,284 | |||||||||||||||||||
Mortgage-backed securities | 370,111 | 374,578 | ||||||||||||||||||
Total debt securities | $ | 468,347 | $ | 475,862 | ||||||||||||||||
There were no securities sales during the first six months of 2014 or 2013. All the gains in 2014 and 2013 were from calls. | ||||||||||||||||||||
Purchase premiums or discounts are recognized in interest income using the interest method over the terms of the securities or over the estimated lives of mortgage-backed securities. Gains and losses on sales are based on the amortized cost of the security sold and recorded on the trade date. | ||||||||||||||||||||
Securities with carrying values of $232.8 million and $244.3 million were pledged as of June 30, 2014 and December 31, 2013, as collateral for deposits of public funds, securities sold under agreements to repurchase, borrowings from the Federal Home Loan Bank and for other purposes as permitted or required by law. | ||||||||||||||||||||
Information regarding securities with unrealized losses as of June 30, 2014 and December 31, 2013 is presented below. The tables divide the securities between those with unrealized losses for less than twelve months and those with unrealized losses for twelve months or more. | ||||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||
(dollars in thousands) | Value | Losses | Value | Losses | Value | Losses | ||||||||||||||
30-Jun-14 | ||||||||||||||||||||
Agency residential mortgage-backed securities | $ | 37,421 | $ | -209 | $ | 116,718 | $ | -2,857 | $ | 154,139 | $ | -3,066 | ||||||||
State and municipal securities | 3,518 | -31 | 18,648 | -698 | 22,166 | -729 | ||||||||||||||
Total temporarily impaired | $ | 40,939 | $ | -240 | $ | 135,366 | $ | -3,555 | $ | 176,305 | $ | -3,795 | ||||||||
31-Dec-13 | ||||||||||||||||||||
Agency residential mortgage-backed securities | $ | 177,779 | $ | -6,444 | $ | 34,093 | $ | -1,491 | $ | 211,872 | $ | -7,935 | ||||||||
State and municipal securities | 24,610 | -1,102 | 8,037 | -910 | 32,647 | -2,012 | ||||||||||||||
Total temporarily impaired | $ | 202,389 | $ | -7,546 | $ | 42,130 | $ | -2,401 | $ | 244,519 | $ | -9,947 | ||||||||
The total number of securities with unrealized losses as of June 30, 2014 and December 31, 2013 is presented below. | ||||||||||||||||||||
Less than | 12 months | |||||||||||||||||||
12 months | or more | Total | ||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||
Agency residential mortgage-backed securities | 11 | 30 | 41 | |||||||||||||||||
State and municipal securities | 8 | 36 | 44 | |||||||||||||||||
Total temporarily impaired | 19 | 66 | 85 | |||||||||||||||||
Less than | 12 months | |||||||||||||||||||
12 months | or more | Total | ||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||
Agency residential mortgage-backed securities | 49 | 10 | 59 | |||||||||||||||||
State and municipal securities | 59 | 12 | 71 | |||||||||||||||||
Total temporarily impaired | 108 | 22 | 130 | |||||||||||||||||
The following factors are considered in determining whether or not the impairment of these securities is other-than-temporary. In making this determination, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the income statement and 2) OTTI related to other factors, which is recognized in other comprehensive income. Credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. For equity securities, the entire amount of impairment is recognized through earnings. Ninety-nine percent of the securities are backed by the U.S. government, government agencies, government sponsored agencies or are A-rated or better, except for certain non-local or local municipal securities, which are not rated. For the government, government-sponsored agency and municipal securities, management did not believe that there would be credit losses or that full principal would not be received. Management considered the unrealized losses on these securities to be primarily interest rate driven and does not expect material losses given current market conditions unless the securities are sold. However, at this time management does not have the intent to sell, and it is more likely than not that it will not be required to sell these securities before the recovery of their amortized cost basis. | ||||||||||||||||||||
LOANS
LOANS | 6 Months Ended | |||||||||||||
Jun. 30, 2014 | ||||||||||||||
Loans [Abstract] | ' | |||||||||||||
LOANS | ' | |||||||||||||
NOTE 3. LOANS | ||||||||||||||
June 30, | December 31, | |||||||||||||
(dollars in thousands) | 2014 | 2013 | ||||||||||||
Commercial and industrial loans: | ||||||||||||||
Working capital lines of credit loans | $ | 509,725 | 19.1 | % | $ | 457,690 | 18 | % | ||||||
Non-working capital loans | 526,221 | 19.7 | 443,877 | 17.5 | ||||||||||
Total commercial and industrial loans | 1,035,946 | 38.7 | 901,567 | 35.6 | ||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||
Construction and land development loans | 166,671 | 6.2 | 157,630 | 6.2 | ||||||||||
Owner occupied loans | 385,706 | 14.4 | 370,386 | 14.6 | ||||||||||
Nonowner occupied loans | 406,691 | 15.2 | 394,748 | 15.6 | ||||||||||
Multifamily loans | 58,955 | 2.2 | 63,443 | 2.5 | ||||||||||
Total commercial real estate and multi-family residential loans | 1,018,023 | 38.1 | 986,207 | 38.9 | ||||||||||
Agri-business and agricultural loans: | ||||||||||||||
Loans secured by farmland | 122,515 | 4.6 | 133,458 | 5.3 | ||||||||||
Loans for agricultural production | 90,164 | 3.4 | 120,571 | 4.8 | ||||||||||
Total agri-business and agricultural loans | 212,679 | 8 | 254,029 | 10 | ||||||||||
Other commercial loans | 72,097 | 2.7 | 70,770 | 2.8 | ||||||||||
Total commercial loans | 2,338,745 | 87.5 | 2,212,573 | 87.3 | ||||||||||
Consumer 1-4 family mortgage loans: | ||||||||||||||
Closed end first mortgage loans | 138,773 | 5.2 | 125,444 | 4.9 | ||||||||||
Open end and junior lien loans | 145,330 | 5.4 | 146,946 | 5.8 | ||||||||||
Residential construction and land development loans | 7,114 | 0.3 | 4,640 | 0.2 | ||||||||||
Total consumer 1-4 family mortgage loans | 291,217 | 10.9 | 277,030 | 10.9 | ||||||||||
Other consumer loans | 43,907 | 1.6 | 46,125 | 1.8 | ||||||||||
Total consumer loans | 335,124 | 12.5 | 323,155 | 12.7 | ||||||||||
Subtotal | 2,673,869 | 100 | % | 2,535,728 | 100 | % | ||||||||
Less: Allowance for loan losses | -45,605 | -48,797 | ||||||||||||
Net deferred loan fees | -542 | -630 | ||||||||||||
Loans, net | $ | 2,627,722 | $ | 2,486,301 | ||||||||||
ALLOWANCE_FOR_LOAN_LOSSES_AND_
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY | 6 Months Ended | |||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||
Loans [Abstract] | ' | |||||||||||||||||||||||||
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY | ' | |||||||||||||||||||||||||
NOTE 4. ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY | ||||||||||||||||||||||||||
The following tables present the activity in the allowance for loan losses by portfolio segment for the three-month periods ended June 30, 2014 and 2013: | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||
Commercial | and | Agri-business | Consumer | |||||||||||||||||||||||
and | Multifamily | and | Other | 1-4 Family | Other | |||||||||||||||||||||
(dollars in thousands) | Industrial | Residential | Agricultural | Commercial | Mortgage | Consumer | Unallocated | Total | ||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||||
Beginning balance | $ | 21,730 | $ | 15,648 | $ | 1,408 | $ | 249 | $ | 3,064 | $ | 549 | $ | 3,489 | $ | 46,137 | ||||||||||
Provision for loan losses | -343 | 329 | -10 | -15 | 276 | -56 | -181 | 0 | ||||||||||||||||||
Loans charged-off | -483 | -22 | 0 | 0 | -107 | -43 | 0 | -655 | ||||||||||||||||||
Recoveries | 18 | 20 | 6 | 0 | 42 | 37 | 0 | 123 | ||||||||||||||||||
Net loans charged-off | -465 | -2 | 6 | 0 | -65 | -6 | 0 | -532 | ||||||||||||||||||
Ending balance | $ | 20,922 | $ | 15,975 | $ | 1,404 | $ | 234 | $ | 3,275 | $ | 487 | $ | 3,308 | $ | 45,605 | ||||||||||
Commercial | ||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||
Commercial | and | Agri-business | Consumer | |||||||||||||||||||||||
and | Multifamily | and | Other | 1-4 Family | Other | |||||||||||||||||||||
(dollars in thousands) | Industrial | Residential | Agricultural | Commercial | Mortgage | Consumer | Unallocated | Total | ||||||||||||||||||
30-Jun-13 | ||||||||||||||||||||||||||
Beginning balance | $ | 22,113 | $ | 20,420 | $ | 1,263 | $ | 223 | $ | 2,866 | $ | 558 | $ | 3,375 | $ | 50,818 | ||||||||||
Provision for loan losses | -348 | -336 | 452 | 41 | 30 | 69 | 92 | 0 | ||||||||||||||||||
Loans charged-off | -10 | 0 | -200 | 0 | -81 | -78 | 0 | -369 | ||||||||||||||||||
Recoveries | 124 | 14 | 2 | 0 | 8 | 38 | 0 | 186 | ||||||||||||||||||
Net loans charged-off | 114 | 14 | -198 | 0 | -73 | -40 | 0 | -183 | ||||||||||||||||||
Ending balance | $ | 21,879 | $ | 20,098 | $ | 1,517 | $ | 264 | $ | 2,823 | $ | 587 | $ | 3,467 | $ | 50,635 | ||||||||||
The following tables present the activity in the allowance for loan losses by portfolio segment for the six-month periods ended June 30, 2014 and 2013: | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||
Commercial | and | Agri-business | Consumer | |||||||||||||||||||||||
and | Multifamily | and | Other | 1-4 Family | Other | |||||||||||||||||||||
(dollars in thousands) | Industrial | Residential | Agricultural | Commercial | Mortgage | Consumer | Unallocated | Total | ||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||||
Beginning balance | $ | 21,005 | $ | 18,556 | $ | 1,682 | $ | 391 | $ | 3,046 | $ | 608 | $ | 3,509 | $ | 48,797 | ||||||||||
Provision for loan losses | 377 | -59 | -289 | -157 | 408 | -79 | -201 | 0 | ||||||||||||||||||
Loans charged-off | -513 | -2,553 | 0 | 0 | -222 | -118 | 0 | -3,406 | ||||||||||||||||||
Recoveries | 53 | 31 | 11 | 0 | 43 | 76 | 0 | 214 | ||||||||||||||||||
Net loans charged-off | -460 | -2,522 | 11 | 0 | -179 | -42 | 0 | -3,192 | ||||||||||||||||||
Ending balance | $ | 20,922 | $ | 15,975 | $ | 1,404 | $ | 234 | $ | 3,275 | $ | 487 | $ | 3,308 | $ | 45,605 | ||||||||||
Commercial | ||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||
Commercial | and | Agri-business | Consumer | |||||||||||||||||||||||
and | Multifamily | and | Other | 1-4 Family | Other | |||||||||||||||||||||
(dollars in thousands) | Industrial | Residential | Agricultural | Commercial | Mortgage | Consumer | Unallocated | Total | ||||||||||||||||||
30-Jun-13 | ||||||||||||||||||||||||||
Beginning balance | $ | 22,342 | $ | 20,812 | $ | 1,403 | $ | 240 | $ | 2,682 | $ | 609 | $ | 3,357 | $ | 51,445 | ||||||||||
Provision for loan losses | -707 | -83 | 310 | 24 | 300 | 46 | 110 | 0 | ||||||||||||||||||
Loans charged-off | -143 | -906 | -200 | 0 | -189 | -137 | 0 | -1,575 | ||||||||||||||||||
Recoveries | 387 | 275 | 4 | 0 | 30 | 69 | 0 | 765 | ||||||||||||||||||
Net loans charged-off | 244 | -631 | -196 | 0 | -159 | -68 | 0 | -810 | ||||||||||||||||||
Ending balance | $ | 21,879 | $ | 20,098 | $ | 1,517 | $ | 264 | $ | 2,823 | $ | 587 | $ | 3,467 | $ | 50,635 | ||||||||||
The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of June 30, 2014 and December 31, 2013: | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||
Commercial | and | Agri-business | Consumer | |||||||||||||||||||||||
and | Multifamily | and | Other | 1-4 Family | Other | |||||||||||||||||||||
(dollars in thousands) | Industrial | Residential | Agricultural | Commercial | Mortgage | Consumer | Unallocated | Total | ||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,297 | $ | 2,027 | $ | 26 | $ | 0 | $ | 511 | $ | 26 | $ | 0 | $ | 5,887 | ||||||||||
Collectively evaluated for impairment | 17,625 | 13,948 | 1,378 | 234 | 2,764 | 461 | 3,308 | 39,718 | ||||||||||||||||||
Total ending allowance balance | $ | 20,922 | $ | 15,975 | $ | 1,404 | $ | 234 | $ | 3,275 | $ | 487 | $ | 3,308 | $ | 45,605 | ||||||||||
Loans: | ||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 15,548 | $ | 12,277 | $ | 488 | $ | 0 | $ | 3,668 | $ | 76 | $ | 0 | $ | 32,057 | ||||||||||
Loans collectively evaluated for impairment | 1,020,632 | 1,004,451 | 212,286 | 72,095 | 288,035 | 43,771 | 0 | 2,641,270 | ||||||||||||||||||
Total ending loans balance | $ | 1,036,180 | $ | 1,016,728 | $ | 212,774 | $ | 72,095 | $ | 291,703 | $ | 43,847 | $ | 0 | $ | 2,673,327 | ||||||||||
Commercial | ||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||
Commercial | and | Agri-business | Consumer | |||||||||||||||||||||||
and | Multifamily | and | Other | 1-4 Family | Other | |||||||||||||||||||||
(dollars in thousands) | Industrial | Residential | Agricultural | Commercial | Mortgage | Consumer | Unallocated | Total | ||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 4,144 | $ | 4,598 | $ | 38 | $ | 0 | $ | 479 | $ | 57 | $ | 0 | $ | 9,316 | ||||||||||
Collectively evaluated for impairment | 16,861 | 13,959 | 1,644 | 391 | 2,566 | 551 | 3,509 | 39,481 | ||||||||||||||||||
Total ending allowance balance | $ | 21,005 | $ | 18,557 | $ | 1,682 | $ | 391 | $ | 3,045 | $ | 608 | $ | 3,509 | $ | 48,797 | ||||||||||
Loans: | ||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 16,196 | $ | 22,204 | $ | 1,114 | $ | 0 | $ | 3,594 | $ | 119 | $ | 0 | $ | 43,227 | ||||||||||
Loans collectively evaluated for impairment | 885,651 | 962,673 | 253,011 | 70,766 | 273,812 | 45,958 | 0 | 2,491,871 | ||||||||||||||||||
Total ending loans balance | $ | 901,847 | $ | 984,877 | $ | 254,125 | $ | 70,766 | $ | 277,406 | $ | 46,077 | $ | 0 | $ | 2,535,098 | ||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans as of June 30, 2014: | ||||||||||||||||||||||||||
Unpaid | Allowance for | |||||||||||||||||||||||||
Principal | Recorded | Loan Losses | ||||||||||||||||||||||||
(dollars in thousands) | Balance | Investment | Allocated | |||||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | $ | 529 | $ | 244 | $ | 0 | ||||||||||||||||||||
Non-working capital loans | 38 | 38 | 0 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 0 | 0 | 0 | |||||||||||||||||||||||
Owner occupied loans | 345 | 165 | 0 | |||||||||||||||||||||||
Nonowner occupied loans | 337 | 337 | 0 | |||||||||||||||||||||||
Multifamily loans | 0 | 0 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 0 | 0 | 0 | |||||||||||||||||||||||
Loans for ag production | 0 | 0 | 0 | |||||||||||||||||||||||
Other commercial loans | 0 | 0 | 0 | |||||||||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 687 | 688 | 0 | |||||||||||||||||||||||
Open end and junior lien loans | 156 | 156 | 0 | |||||||||||||||||||||||
Residential construction loans | 139 | 139 | 0 | |||||||||||||||||||||||
Other consumer loans | 2 | 2 | 0 | |||||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | 1,548 | 1,547 | 526 | |||||||||||||||||||||||
Non-working capital loans | 17,276 | 13,719 | 2,771 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 2,717 | 2,717 | 696 | |||||||||||||||||||||||
Owner occupied loans | 1,945 | 1,905 | 454 | |||||||||||||||||||||||
Nonowner occupied loans | 7,786 | 7,153 | 877 | |||||||||||||||||||||||
Multifamily loans | 0 | 0 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 987 | 488 | 26 | |||||||||||||||||||||||
Loans for agricultural production | 0 | 0 | 0 | |||||||||||||||||||||||
Other commercial loans | 0 | 0 | 0 | |||||||||||||||||||||||
Consumer 1-4 family mortgage loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 2,713 | 2,627 | 501 | |||||||||||||||||||||||
Open end and junior lien loans | 58 | 58 | 10 | |||||||||||||||||||||||
Residential construction loans | 0 | 0 | 0 | |||||||||||||||||||||||
Other consumer loans | 74 | 74 | 26 | |||||||||||||||||||||||
Total | $ | 37,337 | $ | 32,057 | $ | 5,887 | ||||||||||||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2013: | ||||||||||||||||||||||||||
Unpaid | Allowance for | |||||||||||||||||||||||||
Principal | Recorded | Loan Losses | ||||||||||||||||||||||||
(dollars in thousands) | Balance | Investment | Allocated | |||||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | $ | 63 | $ | 63 | $ | 0 | ||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Owner occupied loans | 377 | 196 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 604 | 604 | 0 | |||||||||||||||||||||||
Other commercial loans | ||||||||||||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 688 | 689 | 0 | |||||||||||||||||||||||
Open end and junior lien loans | 81 | 81 | 0 | |||||||||||||||||||||||
Residential construction loans | 150 | 150 | 0 | |||||||||||||||||||||||
Other consumer loans | 1 | 1 | 0 | |||||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | 5,251 | 2,641 | 984 | |||||||||||||||||||||||
Non-working capital loans | 15,345 | 13,492 | 3,160 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 2,795 | 2,795 | 585 | |||||||||||||||||||||||
Owner occupied loans | 5,553 | 4,681 | 723 | |||||||||||||||||||||||
Nonowner occupied loans | 15,163 | 14,532 | 3,290 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 1,008 | 510 | 38 | |||||||||||||||||||||||
Consumer 1-4 family mortgage loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 3,469 | 2,463 | 442 | |||||||||||||||||||||||
Open end and junior lien loans | 211 | 211 | 37 | |||||||||||||||||||||||
Other consumer loans | 118 | 118 | 57 | |||||||||||||||||||||||
Total | $ | 50,877 | $ | 43,227 | $ | 9,316 | ||||||||||||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans as of and for the three-month period ended June 30, 2014: | ||||||||||||||||||||||||||
Cash Basis | ||||||||||||||||||||||||||
Average | Interest | Interest | ||||||||||||||||||||||||
Recorded | Income | Income | ||||||||||||||||||||||||
(dollars in thousands) | Investment | Recognized | Recognized | |||||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | $ | 462 | $ | 0 | $ | 1 | ||||||||||||||||||||
Non-working capital loans | 124 | 0 | 0 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 0 | 0 | 0 | |||||||||||||||||||||||
Owner occupied loans | 168 | 0 | 0 | |||||||||||||||||||||||
Nonowner occupied loans | 344 | 0 | 0 | |||||||||||||||||||||||
Multifamily loans | 0 | 0 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 0 | 0 | 0 | |||||||||||||||||||||||
Loans for ag production | 0 | 0 | 0 | |||||||||||||||||||||||
Other commercial loans | 0 | 0 | 0 | |||||||||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 688 | 0 | 0 | |||||||||||||||||||||||
Open end and junior lien loans | 157 | 0 | 0 | |||||||||||||||||||||||
Residential construction loans | 141 | 0 | 0 | |||||||||||||||||||||||
Other consumer loans | 3 | 0 | 0 | |||||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | 1,549 | 21 | 16 | |||||||||||||||||||||||
Non-working capital loans | 13,898 | 134 | 136 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 2,695 | 15 | 16 | |||||||||||||||||||||||
Owner occupied loans | 1,921 | 6 | 0 | |||||||||||||||||||||||
Nonowner occupied loans | 7,218 | 35 | 35 | |||||||||||||||||||||||
Multifamily loans | 0 | 0 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 616 | 0 | 0 | |||||||||||||||||||||||
Loans for agricultural production | 0 | 0 | 0 | |||||||||||||||||||||||
Other commercial loans | 0 | 0 | 0 | |||||||||||||||||||||||
Consumer 1-4 family mortgage loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 2,736 | 17 | 17 | |||||||||||||||||||||||
Open end and junior lien loans | 29 | 0 | 0 | |||||||||||||||||||||||
Residential construction loans | 0 | 0 | 0 | |||||||||||||||||||||||
Other consumer loans | 82 | 0 | 0 | |||||||||||||||||||||||
Total | $ | 32,831 | $ | 228 | $ | 221 | ||||||||||||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans as of and for the three-month period ended June 30, 2013: | ||||||||||||||||||||||||||
Cash Basis | ||||||||||||||||||||||||||
Average | Interest | Interest | ||||||||||||||||||||||||
Recorded | Income | Income | ||||||||||||||||||||||||
(dollars in thousands) | Investment | Recognized | Recognized | |||||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | $ | 65 | $ | 0 | $ | 0 | ||||||||||||||||||||
Non-working capital loans | 0 | 0 | 0 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Owner occupied loans | 543 | 0 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 440 | 0 | 0 | |||||||||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 49 | 0 | 0 | |||||||||||||||||||||||
Open end and junior lien loans | 0 | 0 | 0 | |||||||||||||||||||||||
Other consumer loans | 1 | 0 | 0 | |||||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | 2,898 | 14 | 14 | |||||||||||||||||||||||
Non-working capital loans | 13,815 | 136 | 139 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 4,203 | 7 | -5 | |||||||||||||||||||||||
Owner occupied loans | 2,768 | 39 | 45 | |||||||||||||||||||||||
Nonowner occupied loans | 19,399 | 84 | 85 | |||||||||||||||||||||||
Multifamily loans | 0 | 0 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 391 | 0 | 0 | |||||||||||||||||||||||
Consumer 1-4 family mortgage loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 2,537 | 23 | 18 | |||||||||||||||||||||||
Open end and junior lien loans | 58 | 0 | 0 | |||||||||||||||||||||||
Other consumer loans | 79 | 1 | 1 | |||||||||||||||||||||||
Total | $ | 47,246 | $ | 304 | $ | 297 | ||||||||||||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans as of and for the six-month period ended June 30, 2014: | ||||||||||||||||||||||||||
Cash Basis | ||||||||||||||||||||||||||
Average | Interest | Interest | ||||||||||||||||||||||||
Recorded | Income | Income | ||||||||||||||||||||||||
(dollars in thousands) | Investment | Recognized | Recognized | |||||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | $ | 287 | $ | 1 | $ | 1 | ||||||||||||||||||||
Non-working capital loans | 62 | 0 | 0 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 0 | 0 | 0 | |||||||||||||||||||||||
Owner occupied loans | 243 | 0 | 0 | |||||||||||||||||||||||
Nonowner occupied loans | 349 | 0 | 0 | |||||||||||||||||||||||
Multifamily loans | 0 | 0 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 196 | 0 | 0 | |||||||||||||||||||||||
Loans for ag production | 0 | 0 | 0 | |||||||||||||||||||||||
Other commercial loans | 0 | 0 | 0 | |||||||||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 689 | 0 | 0 | |||||||||||||||||||||||
Open end and junior lien loans | 113 | 0 | 0 | |||||||||||||||||||||||
Residential construction loans | 144 | 0 | 0 | |||||||||||||||||||||||
Other consumer loans | 2 | 0 | 0 | |||||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | 2,000 | 33 | 29 | |||||||||||||||||||||||
Non-working capital loans | 13,840 | 260 | 262 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 2,663 | 30 | 31 | |||||||||||||||||||||||
Owner occupied loans | 2,816 | 19 | 14 | |||||||||||||||||||||||
Nonowner occupied loans | 9,526 | 69 | 69 | |||||||||||||||||||||||
Multifamily loans | 0 | 0 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | 0 | |||||||||||||||||||||||||
Loans secured by farmland | 559 | 0 | 0 | |||||||||||||||||||||||
Loans for agricultural production | 0 | 0 | 0 | |||||||||||||||||||||||
Other commercial loans | 0 | 0 | 0 | |||||||||||||||||||||||
Consumer 1-4 family mortgage loans: | 0 | |||||||||||||||||||||||||
Closed end first mortgage loans | 2,835 | 33 | 36 | |||||||||||||||||||||||
Open end and junior lien loans | 73 | 0 | 0 | |||||||||||||||||||||||
Residential construction loans | 0 | 0 | 0 | |||||||||||||||||||||||
Other consumer loans | 87 | 0 | 0 | |||||||||||||||||||||||
Total | $ | 36,484 | $ | 445 | $ | 442 | ||||||||||||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans as of and for the six-month period ended June 30, 2013: | ||||||||||||||||||||||||||
Cash Basis | ||||||||||||||||||||||||||
Average | Interest | Interest | ||||||||||||||||||||||||
Recorded | Income | Income | ||||||||||||||||||||||||
(dollars in thousands) | Investment | Recognized | Recognized | |||||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | $ | 65 | $ | 0 | $ | 0 | ||||||||||||||||||||
Non-working capital loans | 17 | 0 | 0 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Owner occupied loans | 555 | 0 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 481 | 0 | 0 | |||||||||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 54 | 0 | 0 | |||||||||||||||||||||||
Open end and junior lien loans | 21 | 0 | 0 | |||||||||||||||||||||||
Other consumer loans | 1 | 0 | 0 | |||||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | 3,034 | 27 | 27 | |||||||||||||||||||||||
Non-working capital loans | 14,114 | 271 | 276 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 4,366 | 52 | 47 | |||||||||||||||||||||||
Owner occupied loans | 3,534 | 68 | 76 | |||||||||||||||||||||||
Nonowner occupied loans | 21,849 | 168 | 172 | |||||||||||||||||||||||
Multifamily loans | 96 | 0 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 359 | 0 | 0 | |||||||||||||||||||||||
Consumer 1-4 family mortgage loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 2,518 | 23 | 37 | |||||||||||||||||||||||
Open end and junior lien loans | 49 | 0 | 0 | |||||||||||||||||||||||
Other consumer loans | 80 | 1 | 1 | |||||||||||||||||||||||
Total | $ | 51,193 | $ | 610 | $ | 636 | ||||||||||||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
The following table presents the aging of the recorded investment in past due loans as of June 30, 2014 by class of loans: | ||||||||||||||||||||||||||
30-89 | Greater than | |||||||||||||||||||||||||
Loans Not | Days | 90 Days | Total | |||||||||||||||||||||||
(dollars in thousands) | Past Due | Past Due | Past Due | Nonaccrual | Past Due | Total | ||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | $ | 508,829 | $ | 631 | $ | 0 | $ | 470 | $ | 1,101 | $ | 509,930 | ||||||||||||||
Non-working capital loans | 521,756 | 374 | 0 | 4,120 | 4,494 | 526,250 | ||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 165,660 | 0 | 0 | 535 | 535 | 166,195 | ||||||||||||||||||||
Owner occupied loans | 383,356 | 0 | 0 | 2,070 | 2,070 | 385,426 | ||||||||||||||||||||
Nonowner occupied loans | 401,446 | 64 | 0 | 4,718 | 4,782 | 406,228 | ||||||||||||||||||||
Multifamily loans | 58,879 | 0 | 0 | 0 | 0 | 58,879 | ||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 122,035 | 0 | 0 | 488 | 488 | 122,523 | ||||||||||||||||||||
Loans for agricultural production | 90,251 | 0 | 0 | 0 | 0 | 90,251 | ||||||||||||||||||||
Other commercial loans | 72,095 | 0 | 0 | 0 | 0 | 72,095 | ||||||||||||||||||||
Consumer 1-4 family mortgage loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 135,906 | 1,347 | 0 | 1,253 | 2,600 | 138,506 | ||||||||||||||||||||
Open end and junior lien loans | 145,506 | 372 | 4 | 214 | 590 | 146,096 | ||||||||||||||||||||
Residential construction loans | 6,962 | 0 | 0 | 139 | 139 | 7,101 | ||||||||||||||||||||
Other consumer loans | 43,522 | 261 | 0 | 64 | 325 | 43,847 | ||||||||||||||||||||
Total | $ | 2,656,203 | $ | 3,049 | $ | 4 | $ | 14,071 | $ | 17,124 | $ | 2,673,327 | ||||||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
The following table presents the aging of the recorded investment in past due loans as of December 31, 2013 by class of loans: | ||||||||||||||||||||||||||
30-89 | Greater than | |||||||||||||||||||||||||
Loans Not | Days | 90 Days | Total | |||||||||||||||||||||||
(dollars in thousands) | Past Due | Past Due | Past Due | Nonaccrual | Past Due | Total | ||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | $ | 456,136 | $ | 0 | $ | 0 | $ | 1,819 | $ | 1,819 | $ | 457,955 | ||||||||||||||
Non-working capital loans | 440,050 | 46 | 0 | 3,796 | 3,842 | 443,892 | ||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 156,594 | 0 | 0 | 544 | 544 | 157,138 | ||||||||||||||||||||
Owner occupied loans | 366,955 | 0 | 0 | 3,156 | 3,156 | 370,111 | ||||||||||||||||||||
Nonowner occupied loans | 382,478 | 0 | 0 | 11,758 | 11,758 | 394,236 | ||||||||||||||||||||
Multifamily loans | 63,392 | 0 | 0 | 0 | 0 | 63,392 | ||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 132,347 | 0 | 0 | 1,113 | 1,113 | 133,460 | ||||||||||||||||||||
Loans for agricultural production | 120,665 | 0 | 0 | 0 | 0 | 120,665 | ||||||||||||||||||||
Other commercial loans | 70,766 | 0 | 0 | 0 | 0 | 70,766 | ||||||||||||||||||||
Consumer 1-4 family mortgage loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 122,370 | 1,645 | 0 | 1,165 | 2,810 | 125,180 | ||||||||||||||||||||
Open end and junior lien loans | 147,123 | 135 | 46 | 291 | 472 | 147,595 | ||||||||||||||||||||
Residential construction loans | 4,481 | 0 | 0 | 150 | 150 | 4,631 | ||||||||||||||||||||
Other consumer loans | 45,826 | 145 | 0 | 106 | 251 | 46,077 | ||||||||||||||||||||
Total | $ | 2,509,183 | $ | 1,971 | $ | 46 | $ | 23,898 | $ | 25,915 | $ | 2,535,098 | ||||||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
Troubled Debt Restructurings: | ||||||||||||||||||||||||||
Troubled debt restructured loans are included in the totals for impaired loans. The Company has allocated $4.8 million and $8.3 million of specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of June 30, 2014 and December 31, 2013. The Company is not committed to lend additional funds to debtors whose loans have been modified in a troubled debt restructuring. | ||||||||||||||||||||||||||
June 30, | December 31, | |||||||||||||||||||||||||
(dollars in thousands) | 2014 | 2013 | ||||||||||||||||||||||||
Accruing troubled debt restructured loans | $ | 15,607 | $ | 17,714 | ||||||||||||||||||||||
Nonaccrual troubled debt restructured loans | 10,349 | 18,531 | ||||||||||||||||||||||||
Total troubled debt restructured loans | $ | 25,956 | $ | 36,245 | ||||||||||||||||||||||
No loans were modified as troubled debt restructurings during the second quarter of 2014. | ||||||||||||||||||||||||||
During the quarter ending March 31, 2014, certain loans were modified as troubled debt restructurings. The modified terms of these loans include one or a combination of the following: inadequate compensation for the terms of the restructure or renewal; a modification of the repayment terms which delays principal repayment for some period; or renewal terms offered to borrowers in financial distress where no additional credit enhancements were obtained at the time of renewal. | ||||||||||||||||||||||||||
During the quarter ending March 31, 2014, there were restructured terms offered to one borrower under financial duress which did not require additional compensation or consideration, and the terms offered would not have been readily available in the marketplace for loans bearing similar risk profiles. In this instance, it was determined that a concession had been granted. It is difficult to quantify the concession granted due to an absence of readily available market terms to be used for comparison. The restructure was granted to a borrower engaged in retail sales where the collateral and cash flow did not support the loan with a recorded investment of $159,000. | ||||||||||||||||||||||||||
An additional concession was granted to a borrower with a previously restructured loan. The new concession includes further forgiveness of principal if the terms of the restructured loan are met during the life of the loan. This borrower had a recorded investment of $2.7 million as of March 31, 2014, which is not included in the table below since it was not considered a new troubled debt restructuring. | ||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the six-months ending June 30, 2014: | ||||||||||||||||||||||||||
All Modifications | Modified Repayment Terms | |||||||||||||||||||||||||
Pre-Modification | Post-Modification | Extension | ||||||||||||||||||||||||
Outstanding | Outstanding | Period or | ||||||||||||||||||||||||
Number of | Recorded | Recorded | Number of | Range | ||||||||||||||||||||||
(dollars in thousands) | Loans | Investment | Investment | Loans | (in months) | |||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Non-working capital loans | 2 | $ | 433 | $ | 433 | 2 | 15-Dec | |||||||||||||||||||
Commercial real estate and multi- family residential loans: | ||||||||||||||||||||||||||
Owner occupied loans | 1 | 158 | 159 | |||||||||||||||||||||||
Total | 3 | $ | 591 | $ | 592 | 2 | 15-Dec | |||||||||||||||||||
For the three month period ending June 30, 2014, the commercial and industrial troubled debt restructurings described above increased the allowance for loan losses by $36,000 and the commercial real estate and multi-family residential loan troubled debt restructuring described above increased the allowance for loan losses by $8,000. For the six month period ending June 30, 2014, the commercial and industrial troubled debt restructurings described above increased the allowance for loan losses by $137,000 and the commercial real estate and multi-family residential loan troubled debt restructuring described above increased the allowance for loan losses by $2,000. | ||||||||||||||||||||||||||
No charge-offs resulted from any of the troubled debt restructurings described above during the three-month and six-month periods ending June 30, 2014. | ||||||||||||||||||||||||||
During the quarter ending June 30, 2013, loans totaling $328,000 were modified as troubled debt restructured loans. Concessions granted during the modifications included reduction in the interest rates to rates that would not be readily available in the marketplace for borrowers with a similar risk profile and/or capitalizing past due interest and other expenses into the principal balance of the loan. The troubled debt restructured loans during the quarter were all granted to consumer mortgage borrowers. | ||||||||||||||||||||||||||
During the quarter ending March 31, 2013, loans totaling $1.8 million were modified as troubled debt restructured loans. The modified terms of the loans included reductions in the interest rates to rates that would not be readily available in the marketplace for borrowers with a similar risk profile and modifications of the repayment terms. These restructured loans were provided to related borrowers who are engaged in land development. | ||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the three months ending June 30, 2013: | ||||||||||||||||||||||||||
All Modifications | Interest Rate Reductions | |||||||||||||||||||||||||
Pre-Modification | Post-Modification | |||||||||||||||||||||||||
Outstanding | Outstanding | Interest at | Interest at | |||||||||||||||||||||||
Number of | Recorded | Recorded | Number of | Pre-Modification | Post-Modification | |||||||||||||||||||||
(dollars in thousands) | Loans | Investment | Investment | Loans | Rate | Rate | ||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 4 | 317 | 328 | 2 | 142 | 158 | ||||||||||||||||||||
Total | 4 | $ | 317 | $ | 328 | 2 | $ | 142 | $ | 158 | ||||||||||||||||
Principal and Interest Forgiveness | ||||||||||||||||||||||||||
Number of | Principal at | Principal at | Pre-Modification | Post-Modification | ||||||||||||||||||||||
(dollars in thousands) | Loans | Pre-Modification | Post-Modification | Rate | Rate | |||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 2 | 156 | 161 | 164 | 149 | |||||||||||||||||||||
Total | 2 | $ | 156 | $ | 161 | $ | 164 | $ | 149 | |||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the six months ending June 30, 2013: | ||||||||||||||||||||||||||
All Modifications | Interest Rate Reductions | |||||||||||||||||||||||||
Pre-Modification | Post-Modification | |||||||||||||||||||||||||
Outstanding | Outstanding | Interest at | Interest at | |||||||||||||||||||||||
Number of | Recorded | Recorded | Number of | Pre-Modification | Post-Modification | |||||||||||||||||||||
(dollars in thousands) | Loans | Investment | Investment | Loans | Rate | Rate | ||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 6 | $ | 2,198 | $ | 2,198 | 6 | $ | 85 | $ | 63 | ||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 4 | 317 | 328 | 2 | 142 | 158 | ||||||||||||||||||||
Total | 10 | $ | 2,515 | $ | 2,526 | 8 | $ | 227 | $ | 221 | ||||||||||||||||
Principal and Interest Forgiveness | ||||||||||||||||||||||||||
Number of | Principal at | Principal at | Pre-Modification | Post-Modification | ||||||||||||||||||||||
(dollars in thousands) | Loans | Pre-Modification | Post-Modification | Rate | Rate | |||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 2 | 156 | 161 | 164 | 149 | |||||||||||||||||||||
Total | 2 | $ | 156 | $ | 161 | $ | 164 | $ | 149 | |||||||||||||||||
For the three-month period ending June 30, 2013, the commercial real estate and multi-family residential loan troubled debt restructuring described above decreased the allowance for loan losses by $86,000 and the consumer 1-4 family loan troubled debt restructurings described above increased the allowance for loan losses by $42,000. | ||||||||||||||||||||||||||
For the six-month period ending June 30, 2013, the commercial real estate and multi-family residential loan troubled debt restructurings described above decreased the allowance for loan losses by $373,000 and the consumer 1-4 family loan troubled debt restructurings described above increased the allowance for loan losses by $65,000. | ||||||||||||||||||||||||||
The troubled debt restructurings described above had charge-offs of $0 and $365,000, respectively, during the three-month and six-month periods ending June 30, 2013. | ||||||||||||||||||||||||||
There were no troubled debt restructurings which had payment defaults within the twelve months following modification during the six months ended June 30, 2014. The following table presents loans by class modified as troubled debt restructurings for which there was a payment default within twelve months following the modification which occurred during the three month and six month periods ending June 30, 2013: | ||||||||||||||||||||||||||
Modifications | ||||||||||||||||||||||||||
Three Months Ended June 30, 2013 | Six Months Ended June 30, 2013 | |||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | |||||||||||||||||||||||
Loans | Investment | Loans | Investment | |||||||||||||||||||||||
Troubled Debt Restructurings that Subsequently Defaulted | ||||||||||||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 0 | $ | 0 | 1 | $ | 946 | ||||||||||||||||||||
Total | 0 | $ | 0 | 1 | $ | 946 | ||||||||||||||||||||
A loan is considered to be in payment default once it is 30 days contractually past due under the modified terms. | ||||||||||||||||||||||||||
The troubled debt restructurings described above that subsequently defaulted made a large principal payment during the second quarter of 2013, which decreased the allowance for loan losses by $80,000 and did not result in any charge offs during the three and six month periods ending June 30, 2013. | ||||||||||||||||||||||||||
During the first quarter of 2014 the Company sold, to an independent party, three loans totaling $6.7 million, representing a single commercial relationship. The three loans were accounted for as troubled debt restructurings. The Company received proceeds of $4.3 million and recognized charge offs of $2.4 million as a result of the sale. The amount charged-off had previously been reserved for by the Company. | ||||||||||||||||||||||||||
Credit Quality Indicators: | ||||||||||||||||||||||||||
The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes commercial loans individually by classifying the loans as to credit risk. This analysis is performed on a quarterly basis for Special Mention, Substandard and Doubtful grade loans and annually on Pass grade loans over $250,000. | ||||||||||||||||||||||||||
The Company uses the following definitions for risk ratings: | ||||||||||||||||||||||||||
Special Mention. Loans classified as Special Mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. | ||||||||||||||||||||||||||
Substandard. Loans classified as Substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. | ||||||||||||||||||||||||||
Doubtful. Loans classified as Doubtful have all the weaknesses inherent in those classified as Substandard, with the added characteristics that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. | ||||||||||||||||||||||||||
Loans not meeting the criteria above that are analyzed individually as part of the above-described process are considered to be Pass rated loans with the exception of consumer troubled debt restructurings which are evaluated and listed with Substandard commercial grade loans and consumer nonaccrual loans which are evaluated individually and listed with Not Rated loans. Loans listed as Not Rated are consumer loans included in groups of homogenous loans which are analyzed for credit quality indicators utilizing delinquency status. As of June 30, 2014, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: | ||||||||||||||||||||||||||
Special | Not | |||||||||||||||||||||||||
(dollars in thousands) | Pass | Mention | Substandard | Doubtful | Rated | Total | ||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | $ | 480,081 | $ | 17,243 | $ | 12,606 | $ | 0 | $ | 0 | $ | 509,930 | ||||||||||||||
Non-working capital loans | 474,237 | 29,215 | 20,388 | 0 | 2,410 | 526,250 | ||||||||||||||||||||
Commercial real estate and multi- family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 157,694 | 640 | 7,861 | 0 | 0 | 166,195 | ||||||||||||||||||||
Owner occupied loans | 350,560 | 23,183 | 11,683 | 0 | 0 | 385,426 | ||||||||||||||||||||
Nonowner occupied loans | 386,519 | 13,549 | 6,160 | 0 | 0 | 406,228 | ||||||||||||||||||||
Multifamily loans | 58,879 | 0 | 0 | 0 | 0 | 58,879 | ||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 121,814 | 0 | 694 | 0 | 15 | 122,523 | ||||||||||||||||||||
Loans for agricultural production | 90,251 | 0 | 0 | 0 | 0 | 90,251 | ||||||||||||||||||||
Other commercial loans | 72,091 | 0 | 0 | 0 | 4 | 72,095 | ||||||||||||||||||||
Consumer 1-4 family mortgage loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 38,026 | 65 | 2,226 | 0 | 98,189 | 138,506 | ||||||||||||||||||||
Open end and junior lien loans | 9,462 | 2,240 | 0 | 0 | 134,394 | 146,096 | ||||||||||||||||||||
Residential construction loans | 0 | 0 | 0 | 0 | 7,101 | 7,101 | ||||||||||||||||||||
Other consumer loans | 9,191 | 512 | 78 | 0 | 34,066 | 43,847 | ||||||||||||||||||||
Total | $ | 2,248,805 | $ | 86,647 | $ | 61,696 | $ | 0 | $ | 276,179 | $ | 2,673,327 | ||||||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
As of December 31, 2013, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: | ||||||||||||||||||||||||||
Special | Not | |||||||||||||||||||||||||
(dollars in thousands) | Pass | Mention | Substandard | Doubtful | Rated | Total | ||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | $ | 431,069 | $ | 15,212 | $ | 11,674 | $ | 0 | $ | 0 | $ | 457,955 | ||||||||||||||
Non-working capital loans | 384,415 | 37,727 | 19,659 | 0 | 2,091 | 443,892 | ||||||||||||||||||||
Commercial real estate and multi- family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 148,338 | 763 | 8,037 | 0 | 0 | 157,138 | ||||||||||||||||||||
Owner occupied loans | 333,795 | 23,687 | 12,629 | 0 | 0 | 370,111 | ||||||||||||||||||||
Nonowner occupied loans | 367,108 | 9,180 | 17,948 | 0 | 0 | 394,236 | ||||||||||||||||||||
Multifamily loans | 63,392 | 0 | 0 | 0 | 0 | 63,392 | ||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 132,331 | 0 | 1,113 | 0 | 16 | 133,460 | ||||||||||||||||||||
Loans for agricultural production | 120,665 | 0 | 0 | 0 | 0 | 120,665 | ||||||||||||||||||||
Other commercial loans | 70,766 | 0 | 0 | 0 | 0 | 70,766 | ||||||||||||||||||||
Consumer 1-4 family mortgage loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 29,092 | 0 | 2,316 | 0 | 93,772 | 125,180 | ||||||||||||||||||||
Open end and junior lien loans | 8,291 | 1,863 | 0 | 0 | 137,441 | 147,595 | ||||||||||||||||||||
Residential construction loans | 0 | 0 | 0 | 0 | 4,631 | 4,631 | ||||||||||||||||||||
Other consumer loans | 10,722 | 416 | 291 | 0 | 34,648 | 46,077 | ||||||||||||||||||||
Total | $ | 2,099,984 | $ | 88,848 | $ | 73,667 | $ | 0 | $ | 272,599 | $ | 2,535,098 | ||||||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
FAIR_VALUE_DISCLOSURES
FAIR VALUE DISCLOSURES | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
FAIR VALUE DISCLOSURES | ' | ||||||||||||||||
NOTE 5. FAIR VALUE DISCLOSURES | |||||||||||||||||
Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: | |||||||||||||||||
Level 1 | Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. | ||||||||||||||||
Level 2 | Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. | ||||||||||||||||
Level 3 | Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. | ||||||||||||||||
The Company used the following methods and significant assumptions to estimate the fair value of each type of financial instrument: | |||||||||||||||||
Securities: Securities available for sale are valued primarily by a third party pricing service. The fair values of securities available for sale are determined on a recurring basis by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs) or pricing models which utilize significant observable inputs such as matrix pricing. This is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). These models utilize the market approach with standard inputs that include, but are not limited to, benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data. For certain non-agency residential mortgage-backed securities where observable inputs about the specific issuer are not available, fair values are estimated using observable data from other non-agency residential mortgage-backed securities presumed to be similar or other market data on other non-agency residential mortgage-backed securities (Level 3 inputs). For certain municipal securities that are not rated and observable inputs about the specific issuer are not available, fair values are estimated using observable data from other municipal securities presumed to be similar or other market data on other non-rated municipal securities (Level 3 inputs). | |||||||||||||||||
The Company’s Controlling Department, which is responsible for all accounting and SEC compliance, and the Company’s Treasury Department, which is responsible for investment portfolio management and asset/liability modeling, are the two areas that determine the Company’s valuation policies and procedures. Both of these areas report directly to the Executive Vice President and Chief Financial Officer of the Company. For assets or liabilities that may be considered for Level 3 fair value measurement on a recurring basis, these two departments and the Executive Vice President and Chief Financial Officer determine the appropriate level of the assets or liabilities under consideration. If there are assets or liabilities that are determined to be Level 3 by this group, the Risk Management Committee of the Company and the Audit Committee of the Board of Directors are made aware of such assets at their next scheduled meeting. | |||||||||||||||||
Securities pricing is obtained from a third party pricing service and is tested at least annually against prices from another third party provider and reviewed with a market value price tolerance variance of +/-3%, an individual security market value tolerance of +/-$50,000 and an aggregate market value tolerance of +/-$500,000 for all securities. If any securities fall outside any of these tolerance thresholds, they are reviewed in more detail to determine why the variance exists. Changes in market value are reviewed monthly in aggregate yield by security type and any material differences are reviewed to determine why they exist. At least annually, the pricing methodology of the pricing service is received and reviewed to support the fair value levels used by the Company. A detailed pricing evaluation is requested and reviewed on any security determined to be fair valued using unobservable inputs by the pricing service. | |||||||||||||||||
Mortgage banking derivatives: The fair value of mortgage banking derivatives are based on observable market data as of the measurement date (Level 2). | |||||||||||||||||
Interest rate swap derivatives: The Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Currently, none of the Company’s derivatives are designated in qualifying hedging relationships, as the derivatives are not used to manage risks within the Company’s assets or liabilities. As such, all changes in fair value of the Company’s derivatives are recognized directly in earnings. The fair value of interest rate swap derivatives is determined by pricing or valuation models using observable market data as of the measurement date (Level 2). | |||||||||||||||||
Impaired loans: Impaired loans with specific allocations of the allowance for loan losses are generally based on the fair value of the underlying collateral if repayment is expected solely from the collateral. Fair value is determined using several methods. Generally, the fair value of real estate is based on appraisals by qualified third party appraisers. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and result in a Level 3 classification of the inputs for determining fair value. In addition, the Company’s management routinely applies internal discount factors to the value of appraisals used in the fair value evaluation of impaired loans. The deductions to the appraisals take into account changing business factors and market conditions, as well as value impairment in cases where the appraisal date predates a likely change in market conditions. Commercial real estate is generally discounted from its appraised value by 0-50% with the higher discounts applied to real estate that is determined to have a thin trading market or to be specialized collateral. In addition to real estate, the Company’s management evaluates other types of collateral as follows: (a) raw and finished inventory is discounted from its cost or book value by 35-65%, depending on the marketability of the goods; (b) finished goods are generally discounted by 30-60%, depending on the ease of marketability, cost of transportation or scope of use of the finished good; (c) work in process inventory is typically discounted by 50-100%, depending on the length of manufacturing time, types of components used in the completion process, and the breadth of the user base; (d) equipment is valued at a percentage of depreciated book value or recent appraised value, if available, and is typically discounted at 30-70% after various considerations including age and condition of the equipment, marketability, breadth of use, and whether the equipment includes unique components or add-ons; and (e) marketable securities are discounted by 10-30%, depending on the type of investment, age of valuation report and general market conditions. This methodology is based on a market approach and typically results in a Level 3 classification of the inputs for determining fair value. | |||||||||||||||||
Mortgage servicing rights: As of June 30, 2014 the fair value of the Company’s Level 3 servicing assets for residential mortgage loans was $3.2 million, none of which are currently impaired and therefore are carried at amortized cost. These residential mortgage loans have a weighted average interest rate of 4.10%, a weighted average maturity of 19 years and are secured by homes generally within the Company’s market area, which is primarily Northern Indiana. A valuation model is used to estimate fair value, which is based on an income approach. The inputs used include estimates of prepayment speeds, discount rate, cost to service, escrow account earnings, contractual servicing fee income, ancillary income, late fees, and float income. The most significant assumption used to value mortgage servicing rights is prepayment rate. Prepayment rates are estimated based on published industry consensus prepayment rates. The most significant unobservable assumption is the discount rate. At June 30, 2014, the constant prepayment speed (PSA) used was 199 and the discount rate used was 9.4%. At December 31, 2013, the PSA used was 185 and the discount rate used was 9.4%. | |||||||||||||||||
Other real estate owned: Nonrecurring adjustments to certain commercial and residential real estate properties classified as other real estate owned are measured at the lower of carrying amount or fair value, less costs to sell. Fair values are generally based on third party appraisals of the property and are reviewed by the Company’s internal appraisal officer. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales. Such adjustments are usually significant and result in a Level 3 classification. In addition, the Company’s management may apply discount factors to the appraisals to take into account changing business factors and market conditions, as well as value impairment in cases where the appraisal date predates a likely change in market conditions. In cases where the carrying amount exceeds the fair value, less costs to sell, an impairment loss is recognized. | |||||||||||||||||
Real estate mortgage loans held for sale: Real estate mortgage loans held for sale are carried at the lower of cost or fair value, as determined by outstanding commitments, from third party investors, and result in a Level 2 classification. | |||||||||||||||||
The table below presents the balances of assets measured at fair value on a recurring basis: | |||||||||||||||||
June 30, 2014 | |||||||||||||||||
Fair Value Measurements Using | Assets | ||||||||||||||||
(dollars in thousands) | Level 1 | Level 2 | Level 3 | at Fair Value | |||||||||||||
Assets | |||||||||||||||||
U.S. Treasury securities | $ | 1,006 | $ | 0 | $ | 0 | $ | 1,006 | |||||||||
Mortgage-backed securities | 0 | 374,578 | 0 | 374,578 | |||||||||||||
State and municipal securities | 0 | 99,364 | 914 | 100,278 | |||||||||||||
Total Securities | 1,006 | 473,942 | 914 | 475,862 | |||||||||||||
Mortgage banking derivative | 0 | 183 | 0 | 183 | |||||||||||||
Interest rate swap derivative | 0 | 916 | 0 | 916 | |||||||||||||
Total assets | $ | 1,006 | $ | 475,041 | $ | 914 | $ | 476,961 | |||||||||
Liabilities | |||||||||||||||||
Mortgage banking derivative | 0 | 30 | 0 | 30 | |||||||||||||
Interest rate swap derivative | 0 | 930 | 0 | 930 | |||||||||||||
Total liabilities | $ | 0 | $ | 960 | $ | 0 | $ | 960 | |||||||||
December 31, 2013 | |||||||||||||||||
Fair Value Measurements Using | Assets | ||||||||||||||||
(dollars in thousands) | Level 1 | Level 2 | Level 3 | at Fair Value | |||||||||||||
Assets | |||||||||||||||||
U.S. Treasury securities | $ | 1,017 | $ | 0 | $ | 0 | $ | 1,017 | |||||||||
Mortgage-backed securities | 0 | 371,977 | 0 | 371,977 | |||||||||||||
State and municipal securities | 0 | 94,998 | 975 | 95,973 | |||||||||||||
Total securities | 1,017 | 466,975 | 975 | 468,967 | |||||||||||||
Mortgage banking derivative | 0 | 142 | 0 | 142 | |||||||||||||
Interest rate swap derivative | 0 | 627 | 0 | 627 | |||||||||||||
Total assets | $ | 1,017 | $ | 467,744 | $ | 975 | $ | 469,736 | |||||||||
Liabilities | |||||||||||||||||
Mortgage banking derivative | 0 | 2 | 0 | 2 | |||||||||||||
Interest rate swap derivative | 0 | 592 | 0 | 592 | |||||||||||||
Total liabilities | $ | 0 | $ | 594 | $ | 0 | $ | 594 | |||||||||
There were no transfers between Level 1 and Level 2 during the six months ended June 30, 2014 and there were no transfers between Level 1 and Level 2 during 2013. | |||||||||||||||||
The table below presents a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the six months ended June 30, 2014 and 2013: | |||||||||||||||||
Non-Agency Residential | |||||||||||||||||
Mortgage-Backed Securities | State and Municipal Securities | ||||||||||||||||
(dollars in thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||
Balance of recurring Level 3 assets at January 1 | $ | 0 | $ | 2,859 | $ | 975 | $ | 988 | |||||||||
Transfers into Level 3 | 0 | 3,334 | 0 | 0 | |||||||||||||
Changes in fair value of securities included in other comprehensive income | 0 | -52 | 24 | -9 | |||||||||||||
Principal payments | 0 | -749 | -85 | 0 | |||||||||||||
Balance of recurring Level 3 assets at June 30 | $ | 0 | $ | 5,392 | $ | 914 | $ | 979 | |||||||||
The fair value of two non-agency residential mortgage-backed securities with a fair value of $3.3 million as of March 31, 2013 were transferred out of Level 2 and into Level 3 because of a lack of observable market data for these investments. The Company’s policy is to recognize transfers as of the end of the reporting period. As a result, the fair value for these non-agency residential mortgage-backed securities and state and municipal securities was transferred into Level 3 on March 31, 2013. The securities were subsequently sold in the third quarter of 2013. The Company no longer owns any non-agency residential mortgage backed securities. | |||||||||||||||||
The state and municipal securities measured at fair value included below are non-rated Indiana municipal revenue bonds and are not actively traded. | |||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||
Range of | |||||||||||||||||
Fair Value at | Inputs | ||||||||||||||||
(dollars in thousands) | 6/30/14 | Valuation Technique | Unobservable Input | (Average) | |||||||||||||
State and municipal securities | $ | 914 | Price to type, par, call | Discount to benchmark index | 0-7 | % | |||||||||||
-2.72 | % | ||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||
Range of | |||||||||||||||||
Fair Value at | Inputs | ||||||||||||||||
(dollars in thousands) | 12/31/13 | Valuation Technique | Unobservable Input | (Average) | |||||||||||||
State and municipal securities | $ | 975 | Price to type, par, call | Discount to benchmark index | 0-6 | % | |||||||||||
-2.21 | % | ||||||||||||||||
The primary methodology used in the fair value measurement of the Company’s state and municipal securities classified as Level 3 is a discount to the AAA municipal benchmark index. Significant increases or (decreases) in this index as well as the degree to which the security differs in ratings, coupon, call and duration will result in a higher or (lower) fair value measurement for those securities that are not callable. For those securities that are continuously callable, a slight premium to par is used. | |||||||||||||||||
The table below presents the balances of assets measured at fair value on a nonrecurring basis: | |||||||||||||||||
June 30, 2014 | |||||||||||||||||
Fair Value Measurements Using | Assets | ||||||||||||||||
(dollars in thousands) | Level 1 | Level 2 | Level 3 | at Fair Value | |||||||||||||
Assets | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Commercial and industrial loans: | |||||||||||||||||
Working capital lines of credit loans | $ | 0 | $ | 0 | $ | 1,021 | $ | 1,021 | |||||||||
Non-working capital loans | 0 | 0 | 2,846 | 2,846 | |||||||||||||
Commercial real estate and multi-family residential loans: | |||||||||||||||||
Construction and land development loans | 0 | 0 | 2,021 | 2,021 | |||||||||||||
Owner occupied loans | 0 | 0 | 1,451 | 1,451 | |||||||||||||
Nonowner occupied loans | 0 | 0 | 3,941 | 3,941 | |||||||||||||
Agri-business and agricultural loans: | |||||||||||||||||
Loans secured by farmland | 0 | 0 | 462 | 462 | |||||||||||||
Consumer 1-4 family mortgage loans: | |||||||||||||||||
Closed end first mortgage loans | 0 | 0 | 565 | 565 | |||||||||||||
Open end and junior lien loans | 0 | 0 | 48 | 48 | |||||||||||||
Other consumer loans | 0 | 0 | 37 | 37 | |||||||||||||
Total impaired loans | $ | 0 | $ | 0 | $ | 12,392 | $ | 12,392 | |||||||||
Other real estate owned | 0 | 0 | 263 | 263 | |||||||||||||
Total assets | $ | 0 | $ | 0 | $ | 12,655 | $ | 12,655 | |||||||||
December 31, 2013 | |||||||||||||||||
Fair Value Measurements Using | Assets | ||||||||||||||||
(dollars in thousands) | Level 1 | Level 2 | Level 3 | at Fair Value | |||||||||||||
Assets | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Commercial and industrial loans: | |||||||||||||||||
Working capital lines of credit loans | $ | 0 | $ | 0 | $ | 920 | $ | 920 | |||||||||
Non-working capital loans | 0 | 0 | 3,097 | 3,097 | |||||||||||||
Commercial real estate and multi-family residential loans: | |||||||||||||||||
Construction and land development loans | 0 | 0 | 2,210 | 2,210 | |||||||||||||
Owner occupied loans | 0 | 0 | 3,958 | 3,958 | |||||||||||||
Nonowner occupied loans | 0 | 0 | 8,938 | 8,938 | |||||||||||||
Agri-business and agricultural loans: | |||||||||||||||||
Loans secured by farmland | 0 | 0 | 472 | 472 | |||||||||||||
Consumer 1-4 family mortgage loans: | |||||||||||||||||
Closed end first mortgage loans | 0 | 0 | 409 | 409 | |||||||||||||
Open end and junior lien loans | 0 | 0 | 174 | 174 | |||||||||||||
Other consumer loans | 0 | 0 | 50 | 50 | |||||||||||||
Total impaired loans | $ | 0 | $ | 0 | $ | 20,228 | $ | 20,228 | |||||||||
Other real estate owned | 0 | 0 | 75 | 75 | |||||||||||||
Total assets | $ | 0 | $ | 0 | $ | 20,303 | $ | 20,303 | |||||||||
The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis at June 30, 2014: | |||||||||||||||||
(dollars in thousands) | Fair Value | Valuation Methodology | Unobservable Inputs | Average | Range of Inputs | ||||||||||||
Impaired loans: | |||||||||||||||||
Commercial and industrial | $ | 3,867 | Collateral based | Discount to reflect | 37 | % | (2% - 58%) | ||||||||||
measurements | current market conditions | ||||||||||||||||
and ultimate collectability | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Commercial real estate | 7,413 | Collateral based | Discount to reflect | 18 | % | (2% - 63%) | |||||||||||
measurements | current market conditions | ||||||||||||||||
and ultimate collectability | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Agri-business and agricultural | 462 | Collateral based | Discount to reflect | 5 | % | (2% - 10%) | |||||||||||
measurements | current market conditions | ||||||||||||||||
and ultimate collectability | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Consumer 1-4 family mortgage | 613 | Collateral based | Discount to reflect | 26 | % | (5% - 77%) | |||||||||||
measurements | current market conditions | ||||||||||||||||
and ultimate collectability | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Other consumer | 37 | Collateral based | Discount to reflect | 39 | % | (31% - 46%) | |||||||||||
measurements | current market conditions | ||||||||||||||||
and ultimate collectability | |||||||||||||||||
Other real estate owned | 263 | Appraisals | Discount to reflect | 30 | % | (18% - 49%) | |||||||||||
current market conditions | |||||||||||||||||
The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis at December 31, 2013: | |||||||||||||||||
(dollars in thousands) | Fair Value | Valuation Methodology | Unobservable Inputs | Average | Range of Inputs | ||||||||||||
Impaired loans: | |||||||||||||||||
Commercial and industrial | $ | 4,017 | Collateral based | Discount to reflect | 29 | % | (3% - 93%) | ||||||||||
measurements | current market conditions | ||||||||||||||||
and ultimate collectability | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Commercial real estate | 15,106 | Collateral based | Discount to reflect | 22 | % | (3% - 45%) | |||||||||||
measurements | current market conditions | ||||||||||||||||
and ultimate collectability | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Agri-business and agricultural | 472 | Collateral based | Discount to reflect | 8 | % | (4% - 12%) | |||||||||||
measurements | current market conditions | ||||||||||||||||
and ultimate collectability | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Consumer 1-4 family mortgage | 583 | Collateral based | Discount to reflect | 33 | % | (6% - 77%) | |||||||||||
measurements | current market conditions | ||||||||||||||||
and ultimate collectability | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Other consumer | 50 | Collateral based | Discount to reflect | 53 | % | (28% - 98%) | |||||||||||
measurements | current market conditions | ||||||||||||||||
and ultimate collectability | |||||||||||||||||
Other real estate owned | 75 | Appraisals | Discount to reflect | 49 | % | ||||||||||||
current market conditions | |||||||||||||||||
and ultimate collectability | |||||||||||||||||
Impaired loans, which are measured for impairment using the fair value of the collateral for collateral dependent loans, had a gross carrying amount of $16.5 million, with a valuation allowance of $4.1 million at June 30, 2014, resulting in a net recovery in the provision for loan losses of $100,000 and $2.2 million, respectively, in the three months and six months ended June 30, 2014. At June 30, 2013, impaired loans had a gross carrying amount of $30.3 million, with a valuation allowance of $7.5 million, resulting in a net recovery in the provision for loan losses of $200,000 and $2.5 million, respectively, for the three months and six months ended June 30, 2013. | |||||||||||||||||
Other real estate owned measured at fair value less costs to sell had a net carrying amount of $263,000 at June 30, 2014, which is made up of the outstanding balance of $376,000, net of a valuation allowance of $113,000, resulting in an additional provision of $41,000 during the three months and six months ended June 30, 2014. | |||||||||||||||||
The following table contains the estimated fair values and the related carrying values of the Company’s financial instruments. Items which are not financial instruments are not included. | |||||||||||||||||
June 30, 2014 | |||||||||||||||||
Carrying | Estimated Fair Value | ||||||||||||||||
(dollars in thousands) | Value | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Financial Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 160,402 | $ | 160,402 | $ | 0 | $ | 0 | $ | 160,402 | |||||||
Securities available for sale | 475,862 | 1,006 | 473,942 | 914 | 475,862 | ||||||||||||
Real estate mortgages held for sale | 1,069 | 0 | 1,108 | 0 | 1,108 | ||||||||||||
Loans, net | 2,627,722 | 0 | 0 | 2,614,925 | 2,614,925 | ||||||||||||
Federal Home Loan Bank stock | 7,312 | N/A | N/A | N/A | N/A | ||||||||||||
Federal Reserve Bank stock | 3,420 | N/A | N/A | N/A | N/A | ||||||||||||
Accrued interest receivable | 8,970 | 6 | 2,255 | 6,709 | 8,970 | ||||||||||||
Financial Liabilities: | |||||||||||||||||
Certificates of deposit | -879,489 | 0 | -886,194 | 0 | -886,194 | ||||||||||||
All other deposits | -1,948,256 | -1,948,256 | 0 | 0 | -1,948,256 | ||||||||||||
Securities sold under agreements to repurchase | -92,961 | 0 | -92,961 | 0 | -92,961 | ||||||||||||
Federal funds purchased | 0 | 0 | 0 | 0 | 0 | ||||||||||||
Other short-term borrowings | -110,000 | 0 | -109,997 | 0 | -109,997 | ||||||||||||
Long-term borrowings | -35 | 0 | -41 | 0 | -41 | ||||||||||||
Subordinated debentures | -30,928 | 0 | 0 | -31,227 | -31,227 | ||||||||||||
Standby letters of credit | -286 | 0 | 0 | -286 | -286 | ||||||||||||
Accrued interest payable | -2,996 | -109 | -2,884 | -3 | -2,996 | ||||||||||||
December 31, 2013 | |||||||||||||||||
Carrying | Estimated Fair Value | ||||||||||||||||
(dollars in thousands) | Value | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Financial Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 63,105 | $ | 63,105 | $ | 0 | $ | 0 | $ | 63,105 | |||||||
Securities available for sale | 468,967 | 1,017 | 466,975 | 975 | 468,967 | ||||||||||||
Real estate mortgages held for sale | 1,778 | 0 | 1,800 | 0 | 1,800 | ||||||||||||
Loans, net | 2,486,301 | 0 | 0 | 2,490,593 | 2,490,593 | ||||||||||||
Federal Home Loan Bank stock | 7,312 | N/A | N/A | N/A | N/A | ||||||||||||
Federal Reserve Bank stock | 3,420 | N/A | N/A | N/A | N/A | ||||||||||||
Accrued interest receivable | 8,577 | 0 | 2,297 | 6,280 | 8,577 | ||||||||||||
Financial Liabilities: | |||||||||||||||||
Certificates of deposit | -727,809 | 0 | -736,088 | 0 | -736,088 | ||||||||||||
All other deposits | -1,818,259 | -1,818,259 | 0 | 0 | -1,818,259 | ||||||||||||
Securities sold under agreements to repurchase | -104,876 | 0 | -104,876 | 0 | -104,876 | ||||||||||||
Federal funds purchased | -11,000 | 0 | -11,000 | 0 | -11,000 | ||||||||||||
Other short-term borrowings | -146,000 | 0 | -146,002 | 0 | -146,002 | ||||||||||||
Long-term borrowings | -37 | 0 | -43 | 0 | -43 | ||||||||||||
Subordinated debentures | -30,928 | 0 | 0 | -31,217 | -31,217 | ||||||||||||
Standby letters of credit | -312 | 0 | 0 | -312 | -312 | ||||||||||||
Accrued interest payable | -2,918 | -125 | -2,790 | -3 | -2,918 | ||||||||||||
The methods and assumptions, not previously presented, used to estimate fair values are described as follows: | |||||||||||||||||
Cash and cash equivalents - The carrying amount of cash and cash equivalents approximate fair value and are classified as Level 1. | |||||||||||||||||
Loans, net – Fair values of loans, excluding loans held for sale, are estimated as follows: For variable rate loans, fair values are based on carrying values resulting in a Level 3 classification. Fair values for other loans are estimated using discounted cash flow analyses, using current market rates applied to the estimated life of the loan resulting in a Level 3 classification. Impaired loans are valued at the lower of cost or fair value as described previously. The methods utilized to estimate the fair value of loans do not necessarily represent an exit price. | |||||||||||||||||
Federal Home Loan Bank stock and Federal Reserve Bank stock– It is not practical to determine the fair value of Federal Home Loan Bank stock and Federal Reserve Bank stock due to restrictions placed on its transferability. | |||||||||||||||||
Certificates of deposit - Fair values of certificates of deposit are estimated using discounted cash flow analyses using current market rates applied to the estimated life resulting in a Level 2 classification. | |||||||||||||||||
All other deposits- The fair values for all other deposits other than certificates of deposit are equal to the amount payable on demand (the carrying value) resulting in a Level 1 classification. | |||||||||||||||||
Securities sold under agreements to repurchase – The carrying amount of borrowings under repurchase agreements approximates their fair values resulting in a Level 2 classification. | |||||||||||||||||
Federal funds purchased – The carrying amount of federal funds purchased approximates their fair values resulting in a Level 2 classification. | |||||||||||||||||
Other short-term borrowings – The fair value of other short-term borrowings approximates their fair values resulting in a Level 2 classification. | |||||||||||||||||
Long-term borrowings – The fair value of long-term borrowings is estimated using discounted cash flow analyses based on current borrowing rates resulting in a Level 2 classification. | |||||||||||||||||
Subordinated debentures - The fair value of subordinated debentures is based on the rates currently available to the Company with similar term and remaining maturity and credit spread resulting in a Level 3 classification. | |||||||||||||||||
Standby letters of credit – The fair value of off-balance sheet items is based on the current fees and costs that would be charged to enter into or terminate such arrangements resulting in a Level 3 classification. | |||||||||||||||||
Accrued interest receivable/payable – The carrying amounts of accrued interest approximates fair value resulting in a Level 1, Level 2 or Level 3 classification which is consistent with its associated asset/liability. | |||||||||||||||||
EMPLOYEE_BENEFIT_PLANS
EMPLOYEE BENEFIT PLANS | 6 Months Ended | |||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||
Employee Benefit Plans [Abstract] | ' | |||||||||||||||||||||||||
EMPLOYEE BENEFIT PLANS | ' | |||||||||||||||||||||||||
NOTE 6. EMPLOYEE BENEFIT PLANS | ||||||||||||||||||||||||||
Components of net periodic benefit cost: | ||||||||||||||||||||||||||
Six Months Ended June 30, | Three Months Ended June 30, | |||||||||||||||||||||||||
Pension Benefits | SERP Benefits | Pension Benefits | SERP Benefits | |||||||||||||||||||||||
(dollars in thousands) | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||
Interest cost | $ | 60 | $ | 58 | $ | 25 | $ | 23 | $ | 30 | $ | 26 | $ | 13 | $ | 10 | ||||||||||
Expected return on plan assets | -63 | -60 | -36 | -37 | -32 | -25 | -18 | -18 | ||||||||||||||||||
Recognized net actuarial (gain) loss | 59 | 75 | 40 | 46 | 30 | 41 | 20 | 25 | ||||||||||||||||||
Net pension expense (benefit) | $ | 56 | $ | 73 | $ | 29 | $ | 32 | $ | 28 | $ | 42 | $ | 15 | $ | 17 | ||||||||||
The Company previously disclosed in its financial statements for the year ended December 31, 2013 that it expected to contribute $207,000 to its pension plan and $4,000 to its Supplemental Executive Retirement Plan (“SERP”) in 2014. The Company has contributed $69,000 to its pension plan and $4,000 to its SERP as of June 30, 2014. The Company expects to contribute $138,000 to its pension plan during the remainder of 2014. The Company does not expect to make any additional contributions to its SERP during the remainder of 2014. | ||||||||||||||||||||||||||
OFFSETTING_ASSETS_AND_LIABILIT
OFFSETTING ASSETS AND LIABILITIES | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Offsetting [Abstract] | ' | |||||||||||||||||||
OFFSETTING ASSETS AND LIABILITIES | ' | |||||||||||||||||||
NOTE 7. OFFSETTING ASSETS AND LIABILITIES | ||||||||||||||||||||
The following tables summarize gross and net information about financial instruments and derivative instruments that are offset in the statement of financial position or that are subject to an enforceable master netting arrangement at June 30, 2014 and December 31, 2013. | ||||||||||||||||||||
June 30, 2014 | ||||||||||||||||||||
Gross | Net Amounts | |||||||||||||||||||
Gross | Amounts | of Assets | Gross Amounts Not | |||||||||||||||||
Amounts of | Offset in the | presented in | Offset in the Statement | |||||||||||||||||
Recognized | Statement of | the Statement | of Financial Position | |||||||||||||||||
Assets/ | Financial | of Financial | Financial | Cash | ||||||||||||||||
(dollars in thousands) | Liabilities | Position | Position | Instruments | Received | Net | ||||||||||||||
Assets | ||||||||||||||||||||
Interest rate swap derivatives | $ | 916 | $ | 0 | $ | 916 | $ | 0 | $ | 0 | $ | 916 | ||||||||
Total assets | $ | 916 | $ | 0 | $ | 916 | $ | 0 | $ | 0 | $ | 916 | ||||||||
Liabilities | ||||||||||||||||||||
Interest rate swap derivatives | $ | 930 | $ | 0 | $ | 930 | $ | 0 | $ | 0 | $ | 930 | ||||||||
Repurchase agreements | 92,961 | 0 | 92,961 | -92,961 | 0 | 0 | ||||||||||||||
Total liabilities | $ | 93,891 | $ | 0 | $ | 93,891 | $ | -92,961 | $ | 0 | $ | 930 | ||||||||
December 31, 2013 | ||||||||||||||||||||
Gross | Net Amounts | |||||||||||||||||||
Gross | Amounts | of Assets | Gross Amounts Not | |||||||||||||||||
Amounts of | Offset in the | presented in | Offset in the Statement | |||||||||||||||||
Recognized | Statement of | the Statement | of Financial Position | |||||||||||||||||
Assets/ | Financial | of Financial | Financial | Cash Collateral | ||||||||||||||||
(dollars in thousands) | Liabilities | Position | Position | Instruments | Received | Net Amount | ||||||||||||||
Assets | ||||||||||||||||||||
Interest rate swap derivatives | $ | 627 | $ | 0 | $ | 627 | $ | 0 | $ | -260 | $ | 367 | ||||||||
Total assets | $ | 627 | $ | 0 | $ | 627 | $ | 0 | $ | -260 | $ | 367 | ||||||||
Liabilities | ||||||||||||||||||||
Interest rate swap derivatives | $ | 592 | $ | 0 | $ | 592 | $ | 0 | $ | 0 | $ | 592 | ||||||||
Repurchase agreements | 104,876 | 0 | 104,876 | -104,876 | 0 | 0 | ||||||||||||||
Total liabilities | $ | 105,468 | $ | 0 | $ | 105,468 | $ | -104,876 | $ | 0 | $ | 592 | ||||||||
If an event of default occurs causing an early termination of an interest rate swap derivative, any early termination amount payable to one party by the other party may be reduced by set-off against any other amount payable by the one party to the other party. If a default in performance of any obligation of a repurchase agreement occurs, each party will set-off property held in respect of transactions against obligations owing in respect of any other transactions. | ||||||||||||||||||||
EARNINGS_PER_SHARE
EARNINGS PER SHARE | 6 Months Ended | |||||||||||||
Jun. 30, 2014 | ||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||
EARNINGS PER SHARE | ' | |||||||||||||
NOTE 8. EARNINGS PER SHARE | ||||||||||||||
Basic earnings per common share is net income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock options, stock awards and warrants, none of which were antidilutive. | ||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||
Weighted average shares outstanding for basic earnings per common share | 16,536,112 | 16,425,382 | 16,524,079 | 16,411,695 | ||||||||||
Dilutive effect of stock options, awards and warrants | 202,957 | 121,165 | 205,400 | 112,555 | ||||||||||
Weighted average shares outstanding for diluted earnings per common share | 16,739,069 | 16,546,547 | 16,729,479 | 16,524,250 | ||||||||||
Basic earnings per common share | $ | 0.68 | $ | 0.56 | $ | 1.28 | $ | 1.13 | ||||||
Diluted earnings per common share | $ | 0.68 | $ | 0.56 | $ | 1.27 | $ | 1.12 | ||||||
ACCUMULATED_OTHER_COMPREHENSIV
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | 6 Months Ended | ||||||||||
Jun. 30, 2014 | |||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | ' | ||||||||||
NOTE 9. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | |||||||||||
The following tables summarize the changes within each classification of accumulated other comprehensive income (loss) for the six months ended June 30, 2014 and the year ended December 31, 2013: | |||||||||||
Unrealized | |||||||||||
Gains and | |||||||||||
Losses on | Defined | ||||||||||
Available- | Benefit | ||||||||||
for-Sales | Pension | ||||||||||
(dollars in thousands) | Securities | Items | Total | ||||||||
Balance at December 31, 2013 | $ | -1,138 | $ | -1,356 | $ | -2,494 | |||||
Other comprehensive income before reclassification | 5,760 | 31 | 5,791 | ||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | -4 | 59 | 55 | ||||||||
Net current period other comprehensive income | 5,756 | 90 | 5,846 | ||||||||
Balance at June 30, 2014 | $ | 4,618 | $ | -1,266 | $ | 3,352 | |||||
Unrealized | |||||||||||
Gains and | |||||||||||
Losses on | Defined | ||||||||||
Available- | Benefit | ||||||||||
for-Sales | Pension | ||||||||||
(dollars in thousands) | Securities | Items | Total | ||||||||
Balance at December 31, 2012 | $ | 7,517 | $ | -1,828 | $ | 5,689 | |||||
Other comprehensive income before reclassification | -8,591 | 327 | -8,264 | ||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | -64 | 145 | 81 | ||||||||
Net current period other comprehensive income | -8,655 | 472 | -8,183 | ||||||||
Balance at December 31, 2013 | $ | -1,138 | $ | -1,356 | $ | -2,494 | |||||
Reclassifications out of accumulated comprehensive income for the three months ended June 30, 2014 are as follows: | |||||||||||
Details about | Amount | Affected Line Item | |||||||||
Accumulated Other | Reclassified From | in the Statement | |||||||||
Comprehensive | Accumulated Other | Where Net | |||||||||
Income Components | Comprehensive Income | Income is Presented | |||||||||
(dollars in thousands) | |||||||||||
Unrealized gains and losses on available-for-sale securities | $ | 4 | Net securities gains (losses) | ||||||||
Tax effect | 0 | Income tax expense | |||||||||
4 | Net of tax | ||||||||||
Amortization of defined benefit pension items(1) | -50 | Salaries and employee benefits | |||||||||
Tax effect | 21 | Income tax expense | |||||||||
-29 | Net of tax | ||||||||||
Total reclassifications for the period | $ | -25 | Net of tax | ||||||||
Reclassifications out of accumulated comprehensive income for the three months ended June 30, 2013 are as follows: | |||||||||||
Details about | Amount | Affected Line Item | |||||||||
Accumulated Other | Reclassified From | in the Statement | |||||||||
Comprehensive | Accumulated Other | Where Net | |||||||||
Income Components | Comprehensive Income | Income is Presented | |||||||||
(dollars in thousands) | |||||||||||
Unrealized gains and losses on available-for-sale securities | $ | 0 | Net securities gains (losses) | ||||||||
Tax effect | 0 | Income tax expense | |||||||||
0 | Net of tax | ||||||||||
Amortization of defined benefit pension items(1) | -66 | Salaries and employee benefits | |||||||||
Tax effect | 27 | Income tax expense | |||||||||
-39 | Net of tax | ||||||||||
Total reclassifications for the period | $ | -39 | Net of tax | ||||||||
Reclassifications out of accumulated comprehensive income for the six months ended June 30, 2014 are as follows: | |||||||||||
Details about | Amount | Affected Line Item | |||||||||
Accumulated Other | Reclassified From | in the Statement | |||||||||
Comprehensive | Accumulated Other | Where Net | |||||||||
Income Components | Comprehensive Income | Income is Presented | |||||||||
(dollars in thousands) | |||||||||||
Unrealized gains and losses on available-for-sale securities | $ | 4 | Net securities gains (losses) | ||||||||
Tax effect | 0 | Income tax expense | |||||||||
4 | Net of tax | ||||||||||
Amortization of defined benefit pension items(1) | -99 | Salaries and employee benefits | |||||||||
Tax effect | 40 | Income tax expense | |||||||||
-59 | Net of tax | ||||||||||
Total reclassifications for the period | $ | -55 | Net of tax | ||||||||
Reclassifications out of accumulated comprehensive income for the six months ended June 30, 2013 are as follows: | |||||||||||
Details about | Amount | Affected Line Item | |||||||||
Accumulated Other | Reclassified From | in the Statement | |||||||||
Comprehensive | Accumulated Other | Where Net | |||||||||
Income Components | Comprehensive Income | Income is Presented | |||||||||
(dollars in thousands) | |||||||||||
Unrealized gains and losses on available-for-sale securities | $ | 1 | Net securities gains (losses) | ||||||||
Tax effect | 0 | Income tax expense | |||||||||
1 | Net of tax | ||||||||||
Amortization of defined benefit pension items(1) | -121 | Salaries and employee benefits | |||||||||
Tax effect | 49 | Income tax expense | |||||||||
-72 | Net of tax | ||||||||||
Total reclassifications for the period | $ | -71 | Net of tax | ||||||||
NEW_ACCOUNTING_PRONOUNCEMENTS
NEW ACCOUNTING PRONOUNCEMENTS | 6 Months Ended |
Jun. 30, 2014 | |
New Accounting Pronouncements and Changes In Accounting Principles [Abstract] | ' |
NEW ACCOUNTING PRONOUNCEMENTS | ' |
NOTE 10. NEW ACCOUNTING PRONOUNCEMENTS | |
In May 2014, the FASB issued new accounting guidance related to revenue recognition. This new standard will replace all current U.S. GAAP guidance on this topic and eliminate all industry-specific guidance. The new revenue recognition standard provides a unified model to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. This guidance will be effective for the Company beginning January 1, 2017 and can be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. Management is evaluating the impact of adopting this new accounting standard on our financial statements. | |
In January 2014, the FASB issued updated guidance related to the accounting for investments in qualified affordable housing projects. The amendment permits reporting entities to make an accounting policy election to account for investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). To qualify for the proportional amortization method, all of the following conditions must be met: 1. It is probable that the tax credits allocable to the investor will be available. 2. The investor does not have the ability to exercise significant influence over the operating and financial policies of the limited liability entity. 3. Substantially all of the projected benefits are from tax credits and other tax benefits (for example, tax benefits generated from the operating losses of the investment). 4. The investor’s projected yield based solely on the cash flows from the tax credits and other tax benefits is positive. 5. The investor is a limited liability investor in the limited liability entity for both legal and tax purposes, and the investor’s liability is limited to its capital investment. The decision to apply the proportional amortization method of accounting is an accounting policy decision that should be applied consistently to all qualifying affordable housing project investments rather than a decision to be applied to individual investments. For those investments in qualified affordable housing projects not accounted for using the proportional amortization method, the investment should be accounted for as an equity method investment or a cost method investment in accordance with Subtopic 970-323. The new requirements are effective for public companies in fiscal years, and interim periods within those years, beginning after December 15, 2014. Adopting this standard is not expected to have a significant impact on the Company’s financial condition or results of operations. | |
In January 2014, the FASB issued updated guidance related to the reclassification of residential real estate collateralized consumer mortgage loans upon foreclosure. The amendments in this Update clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The new requirements are effective for public companies in fiscal years, and interim periods within those years, beginning after December 15, 2014. Adopting this standard is not expected to have a significant impact on the Company’s financial condition or results of operations. | |
SUBSEQUENT_EVENTS
SUBSEQUENT EVENTS | 6 Months Ended |
Jun. 30, 2014 | |
Subsequent Events [Abstract] | ' |
SUBSEQUENT EVENTS | ' |
NOTE 11. SUBSEQUENT EVENTS | |
There were no subsequent events that would have a material impact on the financial statements presented in this Form 10-Q. | |
RECLASSIFICATIONS
RECLASSIFICATIONS | 6 Months Ended |
Jun. 30, 2014 | |
Equity [Abstract] | ' |
RECLASSIFICATIONS | ' |
NOTE 12. RECLASSIFICATIONS | |
Certain amounts appearing in the financial statements and notes thereto for prior periods have been reclassified to conform with the current presentation. The reclassification had no effect on net income or stockholders’ equity as previously reported. | |
SECURITIES_Tables
SECURITIES (Tables) | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Securities [Abstract] | ' | |||||||||||||||||||
Summary of available-for-sale securities | ' | |||||||||||||||||||
Information related to the fair value and amortized cost of securities available for sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) is provided in the tables below. | ||||||||||||||||||||
Gross | Gross | |||||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||||||||||
(dollars in thousands) | Cost | Gain | Losses | Value | ||||||||||||||||
30-Jun-14 | ||||||||||||||||||||
U.S. Treasury securities | $ | 1,000 | $ | 6 | $ | 0 | $ | 1,006 | ||||||||||||
Agency residential mortgage-backed securities | 370,111 | 7,533 | -3,066 | 374,578 | ||||||||||||||||
State and municipal securities | 97,236 | 3,771 | -729 | 100,278 | ||||||||||||||||
Total | $ | 468,347 | $ | 11,310 | $ | -3,795 | $ | 475,862 | ||||||||||||
31-Dec-13 | ||||||||||||||||||||
U.S. Treasury securities | $ | 1,001 | $ | 16 | $ | 0 | $ | 1,017 | ||||||||||||
Agency residential mortgage-backed securities | 374,611 | 5,301 | -7,935 | 371,977 | ||||||||||||||||
State and municipal securities | 95,388 | 2,597 | -2,012 | 95,973 | ||||||||||||||||
Total | $ | 471,000 | $ | 7,914 | $ | -9,947 | $ | 468,967 | ||||||||||||
Schedule of available-for-sale securities by maturity | ' | |||||||||||||||||||
Actual maturities of securities may differ from contractual maturities because borrowers may have the right to prepay the obligation without a prepayment penalty. | ||||||||||||||||||||
Amortized | Fair | |||||||||||||||||||
(dollars in thousands) | Cost | Value | ||||||||||||||||||
Due in one year or less | $ | 4,994 | $ | 5,029 | ||||||||||||||||
Due after one year through five years | 17,438 | 18,464 | ||||||||||||||||||
Due after five years through ten years | 42,389 | 44,103 | ||||||||||||||||||
Due after ten years | 33,415 | 33,688 | ||||||||||||||||||
98,236 | 101,284 | |||||||||||||||||||
Mortgage-backed securities | 370,111 | 374,578 | ||||||||||||||||||
Total debt securities | $ | 468,347 | $ | 475,862 | ||||||||||||||||
Schedule of available-for-sale securities continuous unrealized loss position | ' | |||||||||||||||||||
Information regarding securities with unrealized losses as of June 30, 2014 and December 31, 2013 is presented below. The tables divide the securities between those with unrealized losses for less than twelve months and those with unrealized losses for twelve months or more. | ||||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||
(dollars in thousands) | Value | Losses | Value | Losses | Value | Losses | ||||||||||||||
30-Jun-14 | ||||||||||||||||||||
Agency residential mortgage-backed securities | $ | 37,421 | $ | -209 | $ | 116,718 | $ | -2,857 | $ | 154,139 | $ | -3,066 | ||||||||
State and municipal securities | 3,518 | -31 | 18,648 | -698 | 22,166 | -729 | ||||||||||||||
Total temporarily impaired | $ | 40,939 | $ | -240 | $ | 135,366 | $ | -3,555 | $ | 176,305 | $ | -3,795 | ||||||||
31-Dec-13 | ||||||||||||||||||||
Agency residential mortgage-backed securities | $ | 177,779 | $ | -6,444 | $ | 34,093 | $ | -1,491 | $ | 211,872 | $ | -7,935 | ||||||||
State and municipal securities | 24,610 | -1,102 | 8,037 | -910 | 32,647 | -2,012 | ||||||||||||||
Total temporarily impaired | $ | 202,389 | $ | -7,546 | $ | 42,130 | $ | -2,401 | $ | 244,519 | $ | -9,947 | ||||||||
Quantitative disclosure of available-for-sale securities | ' | |||||||||||||||||||
The total number of securities with unrealized losses as of June 30, 2014 and December 31, 2013 is presented below. | ||||||||||||||||||||
Less than | 12 months | |||||||||||||||||||
12 months | or more | Total | ||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||
Agency residential mortgage-backed securities | 11 | 30 | 41 | |||||||||||||||||
State and municipal securities | 8 | 36 | 44 | |||||||||||||||||
Total temporarily impaired | 19 | 66 | 85 | |||||||||||||||||
Less than | 12 months | |||||||||||||||||||
12 months | or more | Total | ||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||
Agency residential mortgage-backed securities | 49 | 10 | 59 | |||||||||||||||||
State and municipal securities | 59 | 12 | 71 | |||||||||||||||||
Total temporarily impaired | 108 | 22 | 130 | |||||||||||||||||
LOANS_Tables
LOANS (Tables) | 6 Months Ended | |||||||||||||
Jun. 30, 2014 | ||||||||||||||
Loans [Abstract] | ' | |||||||||||||
Schedule of loans | ' | |||||||||||||
June 30, | December 31, | |||||||||||||
(dollars in thousands) | 2014 | 2013 | ||||||||||||
Commercial and industrial loans: | ||||||||||||||
Working capital lines of credit loans | $ | 509,725 | 19.1 | % | $ | 457,690 | 18 | % | ||||||
Non-working capital loans | 526,221 | 19.7 | 443,877 | 17.5 | ||||||||||
Total commercial and industrial loans | 1,035,946 | 38.7 | 901,567 | 35.6 | ||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||
Construction and land development loans | 166,671 | 6.2 | 157,630 | 6.2 | ||||||||||
Owner occupied loans | 385,706 | 14.4 | 370,386 | 14.6 | ||||||||||
Nonowner occupied loans | 406,691 | 15.2 | 394,748 | 15.6 | ||||||||||
Multifamily loans | 58,955 | 2.2 | 63,443 | 2.5 | ||||||||||
Total commercial real estate and multi-family residential loans | 1,018,023 | 38.1 | 986,207 | 38.9 | ||||||||||
Agri-business and agricultural loans: | ||||||||||||||
Loans secured by farmland | 122,515 | 4.6 | 133,458 | 5.3 | ||||||||||
Loans for agricultural production | 90,164 | 3.4 | 120,571 | 4.8 | ||||||||||
Total agri-business and agricultural loans | 212,679 | 8 | 254,029 | 10 | ||||||||||
Other commercial loans | 72,097 | 2.7 | 70,770 | 2.8 | ||||||||||
Total commercial loans | 2,338,745 | 87.5 | 2,212,573 | 87.3 | ||||||||||
Consumer 1-4 family mortgage loans: | ||||||||||||||
Closed end first mortgage loans | 138,773 | 5.2 | 125,444 | 4.9 | ||||||||||
Open end and junior lien loans | 145,330 | 5.4 | 146,946 | 5.8 | ||||||||||
Residential construction and land development loans | 7,114 | 0.3 | 4,640 | 0.2 | ||||||||||
Total consumer 1-4 family mortgage loans | 291,217 | 10.9 | 277,030 | 10.9 | ||||||||||
Other consumer loans | 43,907 | 1.6 | 46,125 | 1.8 | ||||||||||
Total consumer loans | 335,124 | 12.5 | 323,155 | 12.7 | ||||||||||
Subtotal | 2,673,869 | 100 | % | 2,535,728 | 100 | % | ||||||||
Less: Allowance for loan losses | -45,605 | -48,797 | ||||||||||||
Net deferred loan fees | -542 | -630 | ||||||||||||
Loans, net | $ | 2,627,722 | $ | 2,486,301 | ||||||||||
ALLOWANCE_FOR_LOAN_LOSSES_AND_1
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Tables) | 6 Months Ended | |||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||
Loans [Abstract] | ' | |||||||||||||||||||||||||
In Allowance For Loan Losses and Recorded Investment In Loans By Portfolio Segment | ' | |||||||||||||||||||||||||
The following tables present the activity in the allowance for loan losses by portfolio segment for the three-month periods ended June 30, 2014 and 2013: | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||
Commercial | and | Agri-business | Consumer | |||||||||||||||||||||||
and | Multifamily | and | Other | 1-4 Family | Other | |||||||||||||||||||||
(dollars in thousands) | Industrial | Residential | Agricultural | Commercial | Mortgage | Consumer | Unallocated | Total | ||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||||
Beginning balance | $ | 21,730 | $ | 15,648 | $ | 1,408 | $ | 249 | $ | 3,064 | $ | 549 | $ | 3,489 | $ | 46,137 | ||||||||||
Provision for loan losses | -343 | 329 | -10 | -15 | 276 | -56 | -181 | 0 | ||||||||||||||||||
Loans charged-off | -483 | -22 | 0 | 0 | -107 | -43 | 0 | -655 | ||||||||||||||||||
Recoveries | 18 | 20 | 6 | 0 | 42 | 37 | 0 | 123 | ||||||||||||||||||
Net loans charged-off | -465 | -2 | 6 | 0 | -65 | -6 | 0 | -532 | ||||||||||||||||||
Ending balance | $ | 20,922 | $ | 15,975 | $ | 1,404 | $ | 234 | $ | 3,275 | $ | 487 | $ | 3,308 | $ | 45,605 | ||||||||||
Commercial | ||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||
Commercial | and | Agri-business | Consumer | |||||||||||||||||||||||
and | Multifamily | and | Other | 1-4 Family | Other | |||||||||||||||||||||
(dollars in thousands) | Industrial | Residential | Agricultural | Commercial | Mortgage | Consumer | Unallocated | Total | ||||||||||||||||||
30-Jun-13 | ||||||||||||||||||||||||||
Beginning balance | $ | 22,113 | $ | 20,420 | $ | 1,263 | $ | 223 | $ | 2,866 | $ | 558 | $ | 3,375 | $ | 50,818 | ||||||||||
Provision for loan losses | -348 | -336 | 452 | 41 | 30 | 69 | 92 | 0 | ||||||||||||||||||
Loans charged-off | -10 | 0 | -200 | 0 | -81 | -78 | 0 | -369 | ||||||||||||||||||
Recoveries | 124 | 14 | 2 | 0 | 8 | 38 | 0 | 186 | ||||||||||||||||||
Net loans charged-off | 114 | 14 | -198 | 0 | -73 | -40 | 0 | -183 | ||||||||||||||||||
Ending balance | $ | 21,879 | $ | 20,098 | $ | 1,517 | $ | 264 | $ | 2,823 | $ | 587 | $ | 3,467 | $ | 50,635 | ||||||||||
The following tables present the activity in the allowance for loan losses by portfolio segment for the six-month periods ended June 30, 2014 and 2013: | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||
Commercial | and | Agri-business | Consumer | |||||||||||||||||||||||
and | Multifamily | and | Other | 1-4 Family | Other | |||||||||||||||||||||
(dollars in thousands) | Industrial | Residential | Agricultural | Commercial | Mortgage | Consumer | Unallocated | Total | ||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||||
Beginning balance | $ | 21,005 | $ | 18,556 | $ | 1,682 | $ | 391 | $ | 3,046 | $ | 608 | $ | 3,509 | $ | 48,797 | ||||||||||
Provision for loan losses | 377 | -59 | -289 | -157 | 408 | -79 | -201 | 0 | ||||||||||||||||||
Loans charged-off | -513 | -2,553 | 0 | 0 | -222 | -118 | 0 | -3,406 | ||||||||||||||||||
Recoveries | 53 | 31 | 11 | 0 | 43 | 76 | 0 | 214 | ||||||||||||||||||
Net loans charged-off | -460 | -2,522 | 11 | 0 | -179 | -42 | 0 | -3,192 | ||||||||||||||||||
Ending balance | $ | 20,922 | $ | 15,975 | $ | 1,404 | $ | 234 | $ | 3,275 | $ | 487 | $ | 3,308 | $ | 45,605 | ||||||||||
Commercial | ||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||
Commercial | and | Agri-business | Consumer | |||||||||||||||||||||||
and | Multifamily | and | Other | 1-4 Family | Other | |||||||||||||||||||||
(dollars in thousands) | Industrial | Residential | Agricultural | Commercial | Mortgage | Consumer | Unallocated | Total | ||||||||||||||||||
30-Jun-13 | ||||||||||||||||||||||||||
Beginning balance | $ | 22,342 | $ | 20,812 | $ | 1,403 | $ | 240 | $ | 2,682 | $ | 609 | $ | 3,357 | $ | 51,445 | ||||||||||
Provision for loan losses | -707 | -83 | 310 | 24 | 300 | 46 | 110 | 0 | ||||||||||||||||||
Loans charged-off | -143 | -906 | -200 | 0 | -189 | -137 | 0 | -1,575 | ||||||||||||||||||
Recoveries | 387 | 275 | 4 | 0 | 30 | 69 | 0 | 765 | ||||||||||||||||||
Net loans charged-off | 244 | -631 | -196 | 0 | -159 | -68 | 0 | -810 | ||||||||||||||||||
Ending balance | $ | 21,879 | $ | 20,098 | $ | 1,517 | $ | 264 | $ | 2,823 | $ | 587 | $ | 3,467 | $ | 50,635 | ||||||||||
The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of June 30, 2014 and December 31, 2013: | ||||||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||
Commercial | and | Agri-business | Consumer | |||||||||||||||||||||||
and | Multifamily | and | Other | 1-4 Family | Other | |||||||||||||||||||||
(dollars in thousands) | Industrial | Residential | Agricultural | Commercial | Mortgage | Consumer | Unallocated | Total | ||||||||||||||||||
30-Jun-14 | ||||||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 3,297 | $ | 2,027 | $ | 26 | $ | 0 | $ | 511 | $ | 26 | $ | 0 | $ | 5,887 | ||||||||||
Collectively evaluated for impairment | 17,625 | 13,948 | 1,378 | 234 | 2,764 | 461 | 3,308 | 39,718 | ||||||||||||||||||
Total ending allowance balance | $ | 20,922 | $ | 15,975 | $ | 1,404 | $ | 234 | $ | 3,275 | $ | 487 | $ | 3,308 | $ | 45,605 | ||||||||||
Loans: | ||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 15,548 | $ | 12,277 | $ | 488 | $ | 0 | $ | 3,668 | $ | 76 | $ | 0 | $ | 32,057 | ||||||||||
Loans collectively evaluated for impairment | 1,020,632 | 1,004,451 | 212,286 | 72,095 | 288,035 | 43,771 | 0 | 2,641,270 | ||||||||||||||||||
Total ending loans balance | $ | 1,036,180 | $ | 1,016,728 | $ | 212,774 | $ | 72,095 | $ | 291,703 | $ | 43,847 | $ | 0 | $ | 2,673,327 | ||||||||||
Commercial | ||||||||||||||||||||||||||
Real Estate | ||||||||||||||||||||||||||
Commercial | and | Agri-business | Consumer | |||||||||||||||||||||||
and | Multifamily | and | Other | 1-4 Family | Other | |||||||||||||||||||||
(dollars in thousands) | Industrial | Residential | Agricultural | Commercial | Mortgage | Consumer | Unallocated | Total | ||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||
Allowance for loan losses: | ||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 4,144 | $ | 4,598 | $ | 38 | $ | 0 | $ | 479 | $ | 57 | $ | 0 | $ | 9,316 | ||||||||||
Collectively evaluated for impairment | 16,861 | 13,959 | 1,644 | 391 | 2,566 | 551 | 3,509 | 39,481 | ||||||||||||||||||
Total ending allowance balance | $ | 21,005 | $ | 18,557 | $ | 1,682 | $ | 391 | $ | 3,045 | $ | 608 | $ | 3,509 | $ | 48,797 | ||||||||||
Loans: | ||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 16,196 | $ | 22,204 | $ | 1,114 | $ | 0 | $ | 3,594 | $ | 119 | $ | 0 | $ | 43,227 | ||||||||||
Loans collectively evaluated for impairment | 885,651 | 962,673 | 253,011 | 70,766 | 273,812 | 45,958 | 0 | 2,491,871 | ||||||||||||||||||
Total ending loans balance | $ | 901,847 | $ | 984,877 | $ | 254,125 | $ | 70,766 | $ | 277,406 | $ | 46,077 | $ | 0 | $ | 2,535,098 | ||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
Loans individually evaluated for impairment | ' | |||||||||||||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans as of June 30, 2014: | ||||||||||||||||||||||||||
Unpaid | Allowance for | |||||||||||||||||||||||||
Principal | Recorded | Loan Losses | ||||||||||||||||||||||||
(dollars in thousands) | Balance | Investment | Allocated | |||||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | $ | 529 | $ | 244 | $ | 0 | ||||||||||||||||||||
Non-working capital loans | 38 | 38 | 0 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 0 | 0 | 0 | |||||||||||||||||||||||
Owner occupied loans | 345 | 165 | 0 | |||||||||||||||||||||||
Nonowner occupied loans | 337 | 337 | 0 | |||||||||||||||||||||||
Multifamily loans | 0 | 0 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 0 | 0 | 0 | |||||||||||||||||||||||
Loans for ag production | 0 | 0 | 0 | |||||||||||||||||||||||
Other commercial loans | 0 | 0 | 0 | |||||||||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 687 | 688 | 0 | |||||||||||||||||||||||
Open end and junior lien loans | 156 | 156 | 0 | |||||||||||||||||||||||
Residential construction loans | 139 | 139 | 0 | |||||||||||||||||||||||
Other consumer loans | 2 | 2 | 0 | |||||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | 1,548 | 1,547 | 526 | |||||||||||||||||||||||
Non-working capital loans | 17,276 | 13,719 | 2,771 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 2,717 | 2,717 | 696 | |||||||||||||||||||||||
Owner occupied loans | 1,945 | 1,905 | 454 | |||||||||||||||||||||||
Nonowner occupied loans | 7,786 | 7,153 | 877 | |||||||||||||||||||||||
Multifamily loans | 0 | 0 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 987 | 488 | 26 | |||||||||||||||||||||||
Loans for agricultural production | 0 | 0 | 0 | |||||||||||||||||||||||
Other commercial loans | 0 | 0 | 0 | |||||||||||||||||||||||
Consumer 1-4 family mortgage loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 2,713 | 2,627 | 501 | |||||||||||||||||||||||
Open end and junior lien loans | 58 | 58 | 10 | |||||||||||||||||||||||
Residential construction loans | 0 | 0 | 0 | |||||||||||||||||||||||
Other consumer loans | 74 | 74 | 26 | |||||||||||||||||||||||
Total | $ | 37,337 | $ | 32,057 | $ | 5,887 | ||||||||||||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2013: | ||||||||||||||||||||||||||
Unpaid | Allowance for | |||||||||||||||||||||||||
Principal | Recorded | Loan Losses | ||||||||||||||||||||||||
(dollars in thousands) | Balance | Investment | Allocated | |||||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | $ | 63 | $ | 63 | $ | 0 | ||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Owner occupied loans | 377 | 196 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 604 | 604 | 0 | |||||||||||||||||||||||
Other commercial loans | ||||||||||||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 688 | 689 | 0 | |||||||||||||||||||||||
Open end and junior lien loans | 81 | 81 | 0 | |||||||||||||||||||||||
Residential construction loans | 150 | 150 | 0 | |||||||||||||||||||||||
Other consumer loans | 1 | 1 | 0 | |||||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | 5,251 | 2,641 | 984 | |||||||||||||||||||||||
Non-working capital loans | 15,345 | 13,492 | 3,160 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 2,795 | 2,795 | 585 | |||||||||||||||||||||||
Owner occupied loans | 5,553 | 4,681 | 723 | |||||||||||||||||||||||
Nonowner occupied loans | 15,163 | 14,532 | 3,290 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 1,008 | 510 | 38 | |||||||||||||||||||||||
Consumer 1-4 family mortgage loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 3,469 | 2,463 | 442 | |||||||||||||||||||||||
Open end and junior lien loans | 211 | 211 | 37 | |||||||||||||||||||||||
Other consumer loans | 118 | 118 | 57 | |||||||||||||||||||||||
Total | $ | 50,877 | $ | 43,227 | $ | 9,316 | ||||||||||||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans as of and for the three-month period ended June 30, 2014: | ||||||||||||||||||||||||||
Cash Basis | ||||||||||||||||||||||||||
Average | Interest | Interest | ||||||||||||||||||||||||
Recorded | Income | Income | ||||||||||||||||||||||||
(dollars in thousands) | Investment | Recognized | Recognized | |||||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | $ | 462 | $ | 0 | $ | 1 | ||||||||||||||||||||
Non-working capital loans | 124 | 0 | 0 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 0 | 0 | 0 | |||||||||||||||||||||||
Owner occupied loans | 168 | 0 | 0 | |||||||||||||||||||||||
Nonowner occupied loans | 344 | 0 | 0 | |||||||||||||||||||||||
Multifamily loans | 0 | 0 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 0 | 0 | 0 | |||||||||||||||||||||||
Loans for ag production | 0 | 0 | 0 | |||||||||||||||||||||||
Other commercial loans | 0 | 0 | 0 | |||||||||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 688 | 0 | 0 | |||||||||||||||||||||||
Open end and junior lien loans | 157 | 0 | 0 | |||||||||||||||||||||||
Residential construction loans | 141 | 0 | 0 | |||||||||||||||||||||||
Other consumer loans | 3 | 0 | 0 | |||||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | 1,549 | 21 | 16 | |||||||||||||||||||||||
Non-working capital loans | 13,898 | 134 | 136 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 2,695 | 15 | 16 | |||||||||||||||||||||||
Owner occupied loans | 1,921 | 6 | 0 | |||||||||||||||||||||||
Nonowner occupied loans | 7,218 | 35 | 35 | |||||||||||||||||||||||
Multifamily loans | 0 | 0 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 616 | 0 | 0 | |||||||||||||||||||||||
Loans for agricultural production | 0 | 0 | 0 | |||||||||||||||||||||||
Other commercial loans | 0 | 0 | 0 | |||||||||||||||||||||||
Consumer 1-4 family mortgage loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 2,736 | 17 | 17 | |||||||||||||||||||||||
Open end and junior lien loans | 29 | 0 | 0 | |||||||||||||||||||||||
Residential construction loans | 0 | 0 | 0 | |||||||||||||||||||||||
Other consumer loans | 82 | 0 | 0 | |||||||||||||||||||||||
Total | $ | 32,831 | $ | 228 | $ | 221 | ||||||||||||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans as of and for the three-month period ended June 30, 2013: | ||||||||||||||||||||||||||
Cash Basis | ||||||||||||||||||||||||||
Average | Interest | Interest | ||||||||||||||||||||||||
Recorded | Income | Income | ||||||||||||||||||||||||
(dollars in thousands) | Investment | Recognized | Recognized | |||||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | $ | 65 | $ | 0 | $ | 0 | ||||||||||||||||||||
Non-working capital loans | 0 | 0 | 0 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Owner occupied loans | 543 | 0 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 440 | 0 | 0 | |||||||||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 49 | 0 | 0 | |||||||||||||||||||||||
Open end and junior lien loans | 0 | 0 | 0 | |||||||||||||||||||||||
Other consumer loans | 1 | 0 | 0 | |||||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | 2,898 | 14 | 14 | |||||||||||||||||||||||
Non-working capital loans | 13,815 | 136 | 139 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 4,203 | 7 | -5 | |||||||||||||||||||||||
Owner occupied loans | 2,768 | 39 | 45 | |||||||||||||||||||||||
Nonowner occupied loans | 19,399 | 84 | 85 | |||||||||||||||||||||||
Multifamily loans | 0 | 0 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 391 | 0 | 0 | |||||||||||||||||||||||
Consumer 1-4 family mortgage loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 2,537 | 23 | 18 | |||||||||||||||||||||||
Open end and junior lien loans | 58 | 0 | 0 | |||||||||||||||||||||||
Other consumer loans | 79 | 1 | 1 | |||||||||||||||||||||||
Total | $ | 47,246 | $ | 304 | $ | 297 | ||||||||||||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans as of and for the six-month period ended June 30, 2014: | ||||||||||||||||||||||||||
Cash Basis | ||||||||||||||||||||||||||
Average | Interest | Interest | ||||||||||||||||||||||||
Recorded | Income | Income | ||||||||||||||||||||||||
(dollars in thousands) | Investment | Recognized | Recognized | |||||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | $ | 287 | $ | 1 | $ | 1 | ||||||||||||||||||||
Non-working capital loans | 62 | 0 | 0 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 0 | 0 | 0 | |||||||||||||||||||||||
Owner occupied loans | 243 | 0 | 0 | |||||||||||||||||||||||
Nonowner occupied loans | 349 | 0 | 0 | |||||||||||||||||||||||
Multifamily loans | 0 | 0 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 196 | 0 | 0 | |||||||||||||||||||||||
Loans for ag production | 0 | 0 | 0 | |||||||||||||||||||||||
Other commercial loans | 0 | 0 | 0 | |||||||||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 689 | 0 | 0 | |||||||||||||||||||||||
Open end and junior lien loans | 113 | 0 | 0 | |||||||||||||||||||||||
Residential construction loans | 144 | 0 | 0 | |||||||||||||||||||||||
Other consumer loans | 2 | 0 | 0 | |||||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | 2,000 | 33 | 29 | |||||||||||||||||||||||
Non-working capital loans | 13,840 | 260 | 262 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 2,663 | 30 | 31 | |||||||||||||||||||||||
Owner occupied loans | 2,816 | 19 | 14 | |||||||||||||||||||||||
Nonowner occupied loans | 9,526 | 69 | 69 | |||||||||||||||||||||||
Multifamily loans | 0 | 0 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | 0 | |||||||||||||||||||||||||
Loans secured by farmland | 559 | 0 | 0 | |||||||||||||||||||||||
Loans for agricultural production | 0 | 0 | 0 | |||||||||||||||||||||||
Other commercial loans | 0 | 0 | 0 | |||||||||||||||||||||||
Consumer 1-4 family mortgage loans: | 0 | |||||||||||||||||||||||||
Closed end first mortgage loans | 2,835 | 33 | 36 | |||||||||||||||||||||||
Open end and junior lien loans | 73 | 0 | 0 | |||||||||||||||||||||||
Residential construction loans | 0 | 0 | 0 | |||||||||||||||||||||||
Other consumer loans | 87 | 0 | 0 | |||||||||||||||||||||||
Total | $ | 36,484 | $ | 445 | $ | 442 | ||||||||||||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
The following table presents loans individually evaluated for impairment by class of loans as of and for the six-month period ended June 30, 2013: | ||||||||||||||||||||||||||
Cash Basis | ||||||||||||||||||||||||||
Average | Interest | Interest | ||||||||||||||||||||||||
Recorded | Income | Income | ||||||||||||||||||||||||
(dollars in thousands) | Investment | Recognized | Recognized | |||||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | $ | 65 | $ | 0 | $ | 0 | ||||||||||||||||||||
Non-working capital loans | 17 | 0 | 0 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Owner occupied loans | 555 | 0 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 481 | 0 | 0 | |||||||||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 54 | 0 | 0 | |||||||||||||||||||||||
Open end and junior lien loans | 21 | 0 | 0 | |||||||||||||||||||||||
Other consumer loans | 1 | 0 | 0 | |||||||||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | 3,034 | 27 | 27 | |||||||||||||||||||||||
Non-working capital loans | 14,114 | 271 | 276 | |||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 4,366 | 52 | 47 | |||||||||||||||||||||||
Owner occupied loans | 3,534 | 68 | 76 | |||||||||||||||||||||||
Nonowner occupied loans | 21,849 | 168 | 172 | |||||||||||||||||||||||
Multifamily loans | 96 | 0 | 0 | |||||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 359 | 0 | 0 | |||||||||||||||||||||||
Consumer 1-4 family mortgage loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 2,518 | 23 | 37 | |||||||||||||||||||||||
Open end and junior lien loans | 49 | 0 | 0 | |||||||||||||||||||||||
Other consumer loans | 80 | 1 | 1 | |||||||||||||||||||||||
Total | $ | 51,193 | $ | 610 | $ | 636 | ||||||||||||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
Aging of the recorded investment in past due loans | ' | |||||||||||||||||||||||||
The following table presents the aging of the recorded investment in past due loans as of June 30, 2014 by class of loans: | ||||||||||||||||||||||||||
30-89 | Greater than | |||||||||||||||||||||||||
Loans Not | Days | 90 Days | Total | |||||||||||||||||||||||
(dollars in thousands) | Past Due | Past Due | Past Due | Nonaccrual | Past Due | Total | ||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | $ | 508,829 | $ | 631 | $ | 0 | $ | 470 | $ | 1,101 | $ | 509,930 | ||||||||||||||
Non-working capital loans | 521,756 | 374 | 0 | 4,120 | 4,494 | 526,250 | ||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 165,660 | 0 | 0 | 535 | 535 | 166,195 | ||||||||||||||||||||
Owner occupied loans | 383,356 | 0 | 0 | 2,070 | 2,070 | 385,426 | ||||||||||||||||||||
Nonowner occupied loans | 401,446 | 64 | 0 | 4,718 | 4,782 | 406,228 | ||||||||||||||||||||
Multifamily loans | 58,879 | 0 | 0 | 0 | 0 | 58,879 | ||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 122,035 | 0 | 0 | 488 | 488 | 122,523 | ||||||||||||||||||||
Loans for agricultural production | 90,251 | 0 | 0 | 0 | 0 | 90,251 | ||||||||||||||||||||
Other commercial loans | 72,095 | 0 | 0 | 0 | 0 | 72,095 | ||||||||||||||||||||
Consumer 1-4 family mortgage loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 135,906 | 1,347 | 0 | 1,253 | 2,600 | 138,506 | ||||||||||||||||||||
Open end and junior lien loans | 145,506 | 372 | 4 | 214 | 590 | 146,096 | ||||||||||||||||||||
Residential construction loans | 6,962 | 0 | 0 | 139 | 139 | 7,101 | ||||||||||||||||||||
Other consumer loans | 43,522 | 261 | 0 | 64 | 325 | 43,847 | ||||||||||||||||||||
Total | $ | 2,656,203 | $ | 3,049 | $ | 4 | $ | 14,071 | $ | 17,124 | $ | 2,673,327 | ||||||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
The following table presents the aging of the recorded investment in past due loans as of December 31, 2013 by class of loans: | ||||||||||||||||||||||||||
30-89 | Greater than | |||||||||||||||||||||||||
Loans Not | Days | 90 Days | Total | |||||||||||||||||||||||
(dollars in thousands) | Past Due | Past Due | Past Due | Nonaccrual | Past Due | Total | ||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | $ | 456,136 | $ | 0 | $ | 0 | $ | 1,819 | $ | 1,819 | $ | 457,955 | ||||||||||||||
Non-working capital loans | 440,050 | 46 | 0 | 3,796 | 3,842 | 443,892 | ||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 156,594 | 0 | 0 | 544 | 544 | 157,138 | ||||||||||||||||||||
Owner occupied loans | 366,955 | 0 | 0 | 3,156 | 3,156 | 370,111 | ||||||||||||||||||||
Nonowner occupied loans | 382,478 | 0 | 0 | 11,758 | 11,758 | 394,236 | ||||||||||||||||||||
Multifamily loans | 63,392 | 0 | 0 | 0 | 0 | 63,392 | ||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 132,347 | 0 | 0 | 1,113 | 1,113 | 133,460 | ||||||||||||||||||||
Loans for agricultural production | 120,665 | 0 | 0 | 0 | 0 | 120,665 | ||||||||||||||||||||
Other commercial loans | 70,766 | 0 | 0 | 0 | 0 | 70,766 | ||||||||||||||||||||
Consumer 1-4 family mortgage loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 122,370 | 1,645 | 0 | 1,165 | 2,810 | 125,180 | ||||||||||||||||||||
Open end and junior lien loans | 147,123 | 135 | 46 | 291 | 472 | 147,595 | ||||||||||||||||||||
Residential construction loans | 4,481 | 0 | 0 | 150 | 150 | 4,631 | ||||||||||||||||||||
Other consumer loans | 45,826 | 145 | 0 | 106 | 251 | 46,077 | ||||||||||||||||||||
Total | $ | 2,509,183 | $ | 1,971 | $ | 46 | $ | 23,898 | $ | 25,915 | $ | 2,535,098 | ||||||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
Troubled debt restructuring | ' | |||||||||||||||||||||||||
The Company is not committed to lend additional funds to debtors whose loans have been modified in a troubled debt restructuring. | ||||||||||||||||||||||||||
June 30, | December 31, | |||||||||||||||||||||||||
(dollars in thousands) | 2014 | 2013 | ||||||||||||||||||||||||
Accruing troubled debt restructured loans | $ | 15,607 | $ | 17,714 | ||||||||||||||||||||||
Nonaccrual troubled debt restructured loans | 10,349 | 18,531 | ||||||||||||||||||||||||
Total troubled debt restructured loans | $ | 25,956 | $ | 36,245 | ||||||||||||||||||||||
Loans by class modified as troubled debt restructurings | ' | |||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the six-months ending June 30, 2014: | ||||||||||||||||||||||||||
All Modifications | Modified Repayment Terms | |||||||||||||||||||||||||
Pre-Modification | Post-Modification | Extension | ||||||||||||||||||||||||
Outstanding | Outstanding | Period or | ||||||||||||||||||||||||
Number of | Recorded | Recorded | Number of | Range | ||||||||||||||||||||||
(dollars in thousands) | Loans | Investment | Investment | Loans | (in months) | |||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Non-working capital loans | 2 | $ | 433 | $ | 433 | 2 | 15-Dec | |||||||||||||||||||
Commercial real estate and multi- family residential loans: | ||||||||||||||||||||||||||
Owner occupied loans | 1 | 158 | 159 | |||||||||||||||||||||||
Total | 3 | $ | 591 | $ | 592 | 2 | 15-Dec | |||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the three months ending June 30, 2013: | ||||||||||||||||||||||||||
All Modifications | Interest Rate Reductions | |||||||||||||||||||||||||
Pre-Modification | Post-Modification | |||||||||||||||||||||||||
Outstanding | Outstanding | Interest at | Interest at | |||||||||||||||||||||||
Number of | Recorded | Recorded | Number of | Pre-Modification | Post-Modification | |||||||||||||||||||||
(dollars in thousands) | Loans | Investment | Investment | Loans | Rate | Rate | ||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 4 | 317 | 328 | 2 | 142 | 158 | ||||||||||||||||||||
Total | 4 | $ | 317 | $ | 328 | 2 | $ | 142 | $ | 158 | ||||||||||||||||
Principal and Interest Forgiveness | ||||||||||||||||||||||||||
Number of | Principal at | Principal at | Pre-Modification | Post-Modification | ||||||||||||||||||||||
(dollars in thousands) | Loans | Pre-Modification | Post-Modification | Rate | Rate | |||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 2 | 156 | 161 | 164 | 149 | |||||||||||||||||||||
Total | 2 | $ | 156 | $ | 161 | $ | 164 | $ | 149 | |||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the six months ending June 30, 2013: | ||||||||||||||||||||||||||
All Modifications | Interest Rate Reductions | |||||||||||||||||||||||||
Pre-Modification | Post-Modification | |||||||||||||||||||||||||
Outstanding | Outstanding | Interest at | Interest at | |||||||||||||||||||||||
Number of | Recorded | Recorded | Number of | Pre-Modification | Post-Modification | |||||||||||||||||||||
(dollars in thousands) | Loans | Investment | Investment | Loans | Rate | Rate | ||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 6 | $ | 2,198 | $ | 2,198 | 6 | $ | 85 | $ | 63 | ||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 4 | 317 | 328 | 2 | 142 | 158 | ||||||||||||||||||||
Total | 10 | $ | 2,515 | $ | 2,526 | 8 | $ | 227 | $ | 221 | ||||||||||||||||
Principal and Interest Forgiveness | ||||||||||||||||||||||||||
Number of | Principal at | Principal at | Pre-Modification | Post-Modification | ||||||||||||||||||||||
(dollars in thousands) | Loans | Pre-Modification | Post-Modification | Rate | Rate | |||||||||||||||||||||
Troubled Debt Restructurings | ||||||||||||||||||||||||||
Commercial real estate and multi-family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 2 | 156 | 161 | 164 | 149 | |||||||||||||||||||||
Total | 2 | $ | 156 | $ | 161 | $ | 164 | $ | 149 | |||||||||||||||||
Troubled debt restructurings subsequently defaulted | ' | |||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings for which there was a payment default within twelve months following the modification which occurred during the three month and six month periods ending June 30, 2013: | ||||||||||||||||||||||||||
Modifications | ||||||||||||||||||||||||||
Three Months Ended June 30, 2013 | Six Months Ended June 30, 2013 | |||||||||||||||||||||||||
Number of | Recorded | Number of | Recorded | |||||||||||||||||||||||
Loans | Investment | Loans | Investment | |||||||||||||||||||||||
Troubled Debt Restructurings that Subsequently Defaulted | ||||||||||||||||||||||||||
Consumer 1-4 family loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 0 | $ | 0 | 1 | $ | 946 | ||||||||||||||||||||
Total | 0 | $ | 0 | 1 | $ | 946 | ||||||||||||||||||||
Credit quality indicators | ' | |||||||||||||||||||||||||
As of June 30, 2014, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: | ||||||||||||||||||||||||||
Special | Not | |||||||||||||||||||||||||
(dollars in thousands) | Pass | Mention | Substandard | Doubtful | Rated | Total | ||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | $ | 480,081 | $ | 17,243 | $ | 12,606 | $ | 0 | $ | 0 | $ | 509,930 | ||||||||||||||
Non-working capital loans | 474,237 | 29,215 | 20,388 | 0 | 2,410 | 526,250 | ||||||||||||||||||||
Commercial real estate and multi- family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 157,694 | 640 | 7,861 | 0 | 0 | 166,195 | ||||||||||||||||||||
Owner occupied loans | 350,560 | 23,183 | 11,683 | 0 | 0 | 385,426 | ||||||||||||||||||||
Nonowner occupied loans | 386,519 | 13,549 | 6,160 | 0 | 0 | 406,228 | ||||||||||||||||||||
Multifamily loans | 58,879 | 0 | 0 | 0 | 0 | 58,879 | ||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 121,814 | 0 | 694 | 0 | 15 | 122,523 | ||||||||||||||||||||
Loans for agricultural production | 90,251 | 0 | 0 | 0 | 0 | 90,251 | ||||||||||||||||||||
Other commercial loans | 72,091 | 0 | 0 | 0 | 4 | 72,095 | ||||||||||||||||||||
Consumer 1-4 family mortgage loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 38,026 | 65 | 2,226 | 0 | 98,189 | 138,506 | ||||||||||||||||||||
Open end and junior lien loans | 9,462 | 2,240 | 0 | 0 | 134,394 | 146,096 | ||||||||||||||||||||
Residential construction loans | 0 | 0 | 0 | 0 | 7,101 | 7,101 | ||||||||||||||||||||
Other consumer loans | 9,191 | 512 | 78 | 0 | 34,066 | 43,847 | ||||||||||||||||||||
Total | $ | 2,248,805 | $ | 86,647 | $ | 61,696 | $ | 0 | $ | 276,179 | $ | 2,673,327 | ||||||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
As of December 31, 2013, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: | ||||||||||||||||||||||||||
Special | Not | |||||||||||||||||||||||||
(dollars in thousands) | Pass | Mention | Substandard | Doubtful | Rated | Total | ||||||||||||||||||||
Commercial and industrial loans: | ||||||||||||||||||||||||||
Working capital lines of credit loans | $ | 431,069 | $ | 15,212 | $ | 11,674 | $ | 0 | $ | 0 | $ | 457,955 | ||||||||||||||
Non-working capital loans | 384,415 | 37,727 | 19,659 | 0 | 2,091 | 443,892 | ||||||||||||||||||||
Commercial real estate and multi- family residential loans: | ||||||||||||||||||||||||||
Construction and land development loans | 148,338 | 763 | 8,037 | 0 | 0 | 157,138 | ||||||||||||||||||||
Owner occupied loans | 333,795 | 23,687 | 12,629 | 0 | 0 | 370,111 | ||||||||||||||||||||
Nonowner occupied loans | 367,108 | 9,180 | 17,948 | 0 | 0 | 394,236 | ||||||||||||||||||||
Multifamily loans | 63,392 | 0 | 0 | 0 | 0 | 63,392 | ||||||||||||||||||||
Agri-business and agricultural loans: | ||||||||||||||||||||||||||
Loans secured by farmland | 132,331 | 0 | 1,113 | 0 | 16 | 133,460 | ||||||||||||||||||||
Loans for agricultural production | 120,665 | 0 | 0 | 0 | 0 | 120,665 | ||||||||||||||||||||
Other commercial loans | 70,766 | 0 | 0 | 0 | 0 | 70,766 | ||||||||||||||||||||
Consumer 1-4 family mortgage loans: | ||||||||||||||||||||||||||
Closed end first mortgage loans | 29,092 | 0 | 2,316 | 0 | 93,772 | 125,180 | ||||||||||||||||||||
Open end and junior lien loans | 8,291 | 1,863 | 0 | 0 | 137,441 | 147,595 | ||||||||||||||||||||
Residential construction loans | 0 | 0 | 0 | 0 | 4,631 | 4,631 | ||||||||||||||||||||
Other consumer loans | 10,722 | 416 | 291 | 0 | 34,648 | 46,077 | ||||||||||||||||||||
Total | $ | 2,099,984 | $ | 88,848 | $ | 73,667 | $ | 0 | $ | 272,599 | $ | 2,535,098 | ||||||||||||||
The recorded investment in loans does not include accrued interest. | ||||||||||||||||||||||||||
FAIR_VALUE_DISCLOSURES_Tables
FAIR VALUE DISCLOSURES (Tables) | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Schedule of assets measured at fair value on a recurring basis | ' | ||||||||||||||||
The table below presents the balances of assets measured at fair value on a recurring basis: | |||||||||||||||||
June 30, 2014 | |||||||||||||||||
Fair Value Measurements Using | Assets | ||||||||||||||||
(dollars in thousands) | Level 1 | Level 2 | Level 3 | at Fair Value | |||||||||||||
Assets | |||||||||||||||||
U.S. Treasury securities | $ | 1,006 | $ | 0 | $ | 0 | $ | 1,006 | |||||||||
Mortgage-backed securities | 0 | 374,578 | 0 | 374,578 | |||||||||||||
State and municipal securities | 0 | 99,364 | 914 | 100,278 | |||||||||||||
Total Securities | 1,006 | 473,942 | 914 | 475,862 | |||||||||||||
Mortgage banking derivative | 0 | 183 | 0 | 183 | |||||||||||||
Interest rate swap derivative | 0 | 916 | 0 | 916 | |||||||||||||
Total assets | $ | 1,006 | $ | 475,041 | $ | 914 | $ | 476,961 | |||||||||
Liabilities | |||||||||||||||||
Mortgage banking derivative | 0 | 30 | 0 | 30 | |||||||||||||
Interest rate swap derivative | 0 | 930 | 0 | 930 | |||||||||||||
Total liabilities | $ | 0 | $ | 960 | $ | 0 | $ | 960 | |||||||||
December 31, 2013 | |||||||||||||||||
Fair Value Measurements Using | Assets | ||||||||||||||||
(dollars in thousands) | Level 1 | Level 2 | Level 3 | at Fair Value | |||||||||||||
Assets | |||||||||||||||||
U.S. Treasury securities | $ | 1,017 | $ | 0 | $ | 0 | $ | 1,017 | |||||||||
Mortgage-backed securities | 0 | 371,977 | 0 | 371,977 | |||||||||||||
State and municipal securities | 0 | 94,998 | 975 | 95,973 | |||||||||||||
Total securities | 1,017 | 466,975 | 975 | 468,967 | |||||||||||||
Mortgage banking derivative | 0 | 142 | 0 | 142 | |||||||||||||
Interest rate swap derivative | 0 | 627 | 0 | 627 | |||||||||||||
Total assets | $ | 1,017 | $ | 467,744 | $ | 975 | $ | 469,736 | |||||||||
Liabilities | |||||||||||||||||
Mortgage banking derivative | 0 | 2 | 0 | 2 | |||||||||||||
Interest rate swap derivative | 0 | 592 | 0 | 592 | |||||||||||||
Total liabilities | $ | 0 | $ | 594 | $ | 0 | $ | 594 | |||||||||
Schedule of reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs | ' | ||||||||||||||||
The table below presents a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the six months ended June 30, 2014 and 2013: | |||||||||||||||||
Non-Agency Residential | |||||||||||||||||
Mortgage-Backed Securities | State and Municipal Securities | ||||||||||||||||
(dollars in thousands) | 2014 | 2013 | 2014 | 2013 | |||||||||||||
Balance of recurring Level 3 assets at January 1 | $ | 0 | $ | 2,859 | $ | 975 | $ | 988 | |||||||||
Transfers into Level 3 | 0 | 3,334 | 0 | 0 | |||||||||||||
Changes in fair value of securities included in other comprehensive income | 0 | -52 | 24 | -9 | |||||||||||||
Principal payments | 0 | -749 | -85 | 0 | |||||||||||||
Balance of recurring Level 3 assets at June 30 | $ | 0 | $ | 5,392 | $ | 914 | $ | 979 | |||||||||
Fair Value Measurements, Recurring, Valuation Techniques | ' | ||||||||||||||||
The state and municipal securities measured at fair value included below are non-rated Indiana municipal revenue bonds and are not actively traded. | |||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||
Range of | |||||||||||||||||
Fair Value at | Inputs | ||||||||||||||||
(dollars in thousands) | 6/30/14 | Valuation Technique | Unobservable Input | (Average) | |||||||||||||
State and municipal securities | $ | 914 | Price to type, par, call | Discount to benchmark index | 0-7 | % | |||||||||||
-2.72 | % | ||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||
Range of | |||||||||||||||||
Fair Value at | Inputs | ||||||||||||||||
(dollars in thousands) | 12/31/13 | Valuation Technique | Unobservable Input | (Average) | |||||||||||||
State and municipal securities | $ | 975 | Price to type, par, call | Discount to benchmark index | 0-6 | % | |||||||||||
-2.21 | % | ||||||||||||||||
Schedule of assets measured at fair value on a nonrecurring basis | ' | ||||||||||||||||
The table below presents the balances of assets measured at fair value on a nonrecurring basis: | |||||||||||||||||
June 30, 2014 | |||||||||||||||||
Fair Value Measurements Using | Assets | ||||||||||||||||
(dollars in thousands) | Level 1 | Level 2 | Level 3 | at Fair Value | |||||||||||||
Assets | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Commercial and industrial loans: | |||||||||||||||||
Working capital lines of credit loans | $ | 0 | $ | 0 | $ | 1,021 | $ | 1,021 | |||||||||
Non-working capital loans | 0 | 0 | 2,846 | 2,846 | |||||||||||||
Commercial real estate and multi-family residential loans: | |||||||||||||||||
Construction and land development loans | 0 | 0 | 2,021 | 2,021 | |||||||||||||
Owner occupied loans | 0 | 0 | 1,451 | 1,451 | |||||||||||||
Nonowner occupied loans | 0 | 0 | 3,941 | 3,941 | |||||||||||||
Agri-business and agricultural loans: | |||||||||||||||||
Loans secured by farmland | 0 | 0 | 462 | 462 | |||||||||||||
Consumer 1-4 family mortgage loans: | |||||||||||||||||
Closed end first mortgage loans | 0 | 0 | 565 | 565 | |||||||||||||
Open end and junior lien loans | 0 | 0 | 48 | 48 | |||||||||||||
Other consumer loans | 0 | 0 | 37 | 37 | |||||||||||||
Total impaired loans | $ | 0 | $ | 0 | $ | 12,392 | $ | 12,392 | |||||||||
Other real estate owned | 0 | 0 | 263 | 263 | |||||||||||||
Total assets | $ | 0 | $ | 0 | $ | 12,655 | $ | 12,655 | |||||||||
December 31, 2013 | |||||||||||||||||
Fair Value Measurements Using | Assets | ||||||||||||||||
(dollars in thousands) | Level 1 | Level 2 | Level 3 | at Fair Value | |||||||||||||
Assets | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Commercial and industrial loans: | |||||||||||||||||
Working capital lines of credit loans | $ | 0 | $ | 0 | $ | 920 | $ | 920 | |||||||||
Non-working capital loans | 0 | 0 | 3,097 | 3,097 | |||||||||||||
Commercial real estate and multi-family residential loans: | |||||||||||||||||
Construction and land development loans | 0 | 0 | 2,210 | 2,210 | |||||||||||||
Owner occupied loans | 0 | 0 | 3,958 | 3,958 | |||||||||||||
Nonowner occupied loans | 0 | 0 | 8,938 | 8,938 | |||||||||||||
Agri-business and agricultural loans: | |||||||||||||||||
Loans secured by farmland | 0 | 0 | 472 | 472 | |||||||||||||
Consumer 1-4 family mortgage loans: | |||||||||||||||||
Closed end first mortgage loans | 0 | 0 | 409 | 409 | |||||||||||||
Open end and junior lien loans | 0 | 0 | 174 | 174 | |||||||||||||
Other consumer loans | 0 | 0 | 50 | 50 | |||||||||||||
Total impaired loans | $ | 0 | $ | 0 | $ | 20,228 | $ | 20,228 | |||||||||
Other real estate owned | 0 | 0 | 75 | 75 | |||||||||||||
Total assets | $ | 0 | $ | 0 | $ | 20,303 | $ | 20,303 | |||||||||
Fair Value Measured On Nonrecurring Basis Valuation Techniques | ' | ||||||||||||||||
The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis at June 30, 2014: | |||||||||||||||||
(dollars in thousands) | Fair Value | Valuation Methodology | Unobservable Inputs | Average | Range of Inputs | ||||||||||||
Impaired loans: | |||||||||||||||||
Commercial and industrial | $ | 3,867 | Collateral based | Discount to reflect | 37 | % | (2% - 58%) | ||||||||||
measurements | current market conditions | ||||||||||||||||
and ultimate collectability | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Commercial real estate | 7,413 | Collateral based | Discount to reflect | 18 | % | (2% - 63%) | |||||||||||
measurements | current market conditions | ||||||||||||||||
and ultimate collectability | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Agri-business and agricultural | 462 | Collateral based | Discount to reflect | 5 | % | (2% - 10%) | |||||||||||
measurements | current market conditions | ||||||||||||||||
and ultimate collectability | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Consumer 1-4 family mortgage | 613 | Collateral based | Discount to reflect | 26 | % | (5% - 77%) | |||||||||||
measurements | current market conditions | ||||||||||||||||
and ultimate collectability | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Other consumer | 37 | Collateral based | Discount to reflect | 39 | % | (31% - 46%) | |||||||||||
measurements | current market conditions | ||||||||||||||||
and ultimate collectability | |||||||||||||||||
Other real estate owned | 263 | Appraisals | Discount to reflect | 30 | % | (18% - 49%) | |||||||||||
current market conditions | |||||||||||||||||
The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis at December 31, 2013: | |||||||||||||||||
(dollars in thousands) | Fair Value | Valuation Methodology | Unobservable Inputs | Average | Range of Inputs | ||||||||||||
Impaired loans: | |||||||||||||||||
Commercial and industrial | $ | 4,017 | Collateral based | Discount to reflect | 29 | % | (3% - 93%) | ||||||||||
measurements | current market conditions | ||||||||||||||||
and ultimate collectability | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Commercial real estate | 15,106 | Collateral based | Discount to reflect | 22 | % | (3% - 45%) | |||||||||||
measurements | current market conditions | ||||||||||||||||
and ultimate collectability | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Agri-business and agricultural | 472 | Collateral based | Discount to reflect | 8 | % | (4% - 12%) | |||||||||||
measurements | current market conditions | ||||||||||||||||
and ultimate collectability | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Consumer 1-4 family mortgage | 583 | Collateral based | Discount to reflect | 33 | % | (6% - 77%) | |||||||||||
measurements | current market conditions | ||||||||||||||||
and ultimate collectability | |||||||||||||||||
Impaired loans: | |||||||||||||||||
Other consumer | 50 | Collateral based | Discount to reflect | 53 | % | (28% - 98%) | |||||||||||
measurements | current market conditions | ||||||||||||||||
and ultimate collectability | |||||||||||||||||
Other real estate owned | 75 | Appraisals | Discount to reflect | 49 | % | ||||||||||||
current market conditions | |||||||||||||||||
and ultimate collectability | |||||||||||||||||
Schedule of fair values and the related carrying values of financial instruments | ' | ||||||||||||||||
The following table contains the estimated fair values and the related carrying values of the Company’s financial instruments. Items which are not financial instruments are not included. | |||||||||||||||||
June 30, 2014 | |||||||||||||||||
Carrying | Estimated Fair Value | ||||||||||||||||
(dollars in thousands) | Value | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Financial Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 160,402 | $ | 160,402 | $ | 0 | $ | 0 | $ | 160,402 | |||||||
Securities available for sale | 475,862 | 1,006 | 473,942 | 914 | 475,862 | ||||||||||||
Real estate mortgages held for sale | 1,069 | 0 | 1,108 | 0 | 1,108 | ||||||||||||
Loans, net | 2,627,722 | 0 | 0 | 2,614,925 | 2,614,925 | ||||||||||||
Federal Home Loan Bank stock | 7,312 | N/A | N/A | N/A | N/A | ||||||||||||
Federal Reserve Bank stock | 3,420 | N/A | N/A | N/A | N/A | ||||||||||||
Accrued interest receivable | 8,970 | 6 | 2,255 | 6,709 | 8,970 | ||||||||||||
Financial Liabilities: | |||||||||||||||||
Certificates of deposit | -879,489 | 0 | -886,194 | 0 | -886,194 | ||||||||||||
All other deposits | -1,948,256 | -1,948,256 | 0 | 0 | -1,948,256 | ||||||||||||
Securities sold under agreements to repurchase | -92,961 | 0 | -92,961 | 0 | -92,961 | ||||||||||||
Federal funds purchased | 0 | 0 | 0 | 0 | 0 | ||||||||||||
Other short-term borrowings | -110,000 | 0 | -109,997 | 0 | -109,997 | ||||||||||||
Long-term borrowings | -35 | 0 | -41 | 0 | -41 | ||||||||||||
Subordinated debentures | -30,928 | 0 | 0 | -31,227 | -31,227 | ||||||||||||
Standby letters of credit | -286 | 0 | 0 | -286 | -286 | ||||||||||||
Accrued interest payable | -2,996 | -109 | -2,884 | -3 | -2,996 | ||||||||||||
December 31, 2013 | |||||||||||||||||
Carrying | Estimated Fair Value | ||||||||||||||||
(dollars in thousands) | Value | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Financial Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 63,105 | $ | 63,105 | $ | 0 | $ | 0 | $ | 63,105 | |||||||
Securities available for sale | 468,967 | 1,017 | 466,975 | 975 | 468,967 | ||||||||||||
Real estate mortgages held for sale | 1,778 | 0 | 1,800 | 0 | 1,800 | ||||||||||||
Loans, net | 2,486,301 | 0 | 0 | 2,490,593 | 2,490,593 | ||||||||||||
Federal Home Loan Bank stock | 7,312 | N/A | N/A | N/A | N/A | ||||||||||||
Federal Reserve Bank stock | 3,420 | N/A | N/A | N/A | N/A | ||||||||||||
Accrued interest receivable | 8,577 | 0 | 2,297 | 6,280 | 8,577 | ||||||||||||
Financial Liabilities: | |||||||||||||||||
Certificates of deposit | -727,809 | 0 | -736,088 | 0 | -736,088 | ||||||||||||
All other deposits | -1,818,259 | -1,818,259 | 0 | 0 | -1,818,259 | ||||||||||||
Securities sold under agreements to repurchase | -104,876 | 0 | -104,876 | 0 | -104,876 | ||||||||||||
Federal funds purchased | -11,000 | 0 | -11,000 | 0 | -11,000 | ||||||||||||
Other short-term borrowings | -146,000 | 0 | -146,002 | 0 | -146,002 | ||||||||||||
Long-term borrowings | -37 | 0 | -43 | 0 | -43 | ||||||||||||
Subordinated debentures | -30,928 | 0 | 0 | -31,217 | -31,217 | ||||||||||||
Standby letters of credit | -312 | 0 | 0 | -312 | -312 | ||||||||||||
Accrued interest payable | -2,918 | -125 | -2,790 | -3 | -2,918 | ||||||||||||
EMPLOYEE_BENEFIT_PLANS_Tables
EMPLOYEE BENEFIT PLANS (Tables) | 6 Months Ended | |||||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||||
Employee Benefit Plans [Abstract] | ' | |||||||||||||||||||||||||
Components of net periodic benefit cost | ' | |||||||||||||||||||||||||
Components of net periodic benefit cost: | ||||||||||||||||||||||||||
Six Months Ended June 30, | Three Months Ended June 30, | |||||||||||||||||||||||||
Pension Benefits | SERP Benefits | Pension Benefits | SERP Benefits | |||||||||||||||||||||||
(dollars in thousands) | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||
Interest cost | $ | 60 | $ | 58 | $ | 25 | $ | 23 | $ | 30 | $ | 26 | $ | 13 | $ | 10 | ||||||||||
Expected return on plan assets | -63 | -60 | -36 | -37 | -32 | -25 | -18 | -18 | ||||||||||||||||||
Recognized net actuarial (gain) loss | 59 | 75 | 40 | 46 | 30 | 41 | 20 | 25 | ||||||||||||||||||
Net pension expense (benefit) | $ | 56 | $ | 73 | $ | 29 | $ | 32 | $ | 28 | $ | 42 | $ | 15 | $ | 17 | ||||||||||
OFFSETTING_ASSETS_AND_LIABILIT1
OFFSETTING ASSETS AND LIABILITIES (Tables) | 6 Months Ended | |||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||
Offsettings [Abstract] | ' | |||||||||||||||||||
Offsetting Assets and Liability | ' | |||||||||||||||||||
The following tables summarize gross and net information about financial instruments and derivative instruments that are offset in the statement of financial position or that are subject to an enforceable master netting arrangement at June 30, 2014 and December 31, 2013. | ||||||||||||||||||||
June 30, 2014 | ||||||||||||||||||||
Gross | Net Amounts | |||||||||||||||||||
Gross | Amounts | of Assets | Gross Amounts Not | |||||||||||||||||
Amounts of | Offset in the | presented in | Offset in the Statement | |||||||||||||||||
Recognized | Statement of | the Statement | of Financial Position | |||||||||||||||||
Assets/ | Financial | of Financial | Financial | Cash | ||||||||||||||||
(dollars in thousands) | Liabilities | Position | Position | Instruments | Received | Net | ||||||||||||||
Assets | ||||||||||||||||||||
Interest rate swap derivatives | $ | 916 | $ | 0 | $ | 916 | $ | 0 | $ | 0 | $ | 916 | ||||||||
Total assets | $ | 916 | $ | 0 | $ | 916 | $ | 0 | $ | 0 | $ | 916 | ||||||||
Liabilities | ||||||||||||||||||||
Interest rate swap derivatives | $ | 930 | $ | 0 | $ | 930 | $ | 0 | $ | 0 | $ | 930 | ||||||||
Repurchase agreements | 92,961 | 0 | 92,961 | -92,961 | 0 | 0 | ||||||||||||||
Total liabilities | $ | 93,891 | $ | 0 | $ | 93,891 | $ | -92,961 | $ | 0 | $ | 930 | ||||||||
December 31, 2013 | ||||||||||||||||||||
Gross | Net Amounts | |||||||||||||||||||
Gross | Amounts | of Assets | Gross Amounts Not | |||||||||||||||||
Amounts of | Offset in the | presented in | Offset in the Statement | |||||||||||||||||
Recognized | Statement of | the Statement | of Financial Position | |||||||||||||||||
Assets/ | Financial | of Financial | Financial | Cash Collateral | ||||||||||||||||
(dollars in thousands) | Liabilities | Position | Position | Instruments | Received | Net Amount | ||||||||||||||
Assets | ||||||||||||||||||||
Interest rate swap derivatives | $ | 627 | $ | 0 | $ | 627 | $ | 0 | $ | -260 | $ | 367 | ||||||||
Total assets | $ | 627 | $ | 0 | $ | 627 | $ | 0 | $ | -260 | $ | 367 | ||||||||
Liabilities | ||||||||||||||||||||
Interest rate swap derivatives | $ | 592 | $ | 0 | $ | 592 | $ | 0 | $ | 0 | $ | 592 | ||||||||
Repurchase agreements | 104,876 | 0 | 104,876 | -104,876 | 0 | 0 | ||||||||||||||
Total liabilities | $ | 105,468 | $ | 0 | $ | 105,468 | $ | -104,876 | $ | 0 | $ | 592 | ||||||||
EARNINGS_PER_SHARE_Tables
EARNINGS PER SHARE (Tables) | 6 Months Ended | |||||||||||||
Jun. 30, 2014 | ||||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||||
Schedule of weighted average number of shares | ' | |||||||||||||
Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock options, stock awards and warrants, none of which were antidilutive. | ||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||
Weighted average shares outstanding for basic earnings per common share | 16,536,112 | 16,425,382 | 16,524,079 | 16,411,695 | ||||||||||
Dilutive effect of stock options, awards and warrants | 202,957 | 121,165 | 205,400 | 112,555 | ||||||||||
Weighted average shares outstanding for diluted earnings per common share | 16,739,069 | 16,546,547 | 16,729,479 | 16,524,250 | ||||||||||
Basic earnings per common share | $ | 0.68 | $ | 0.56 | $ | 1.28 | $ | 1.13 | ||||||
Diluted earnings per common share | $ | 0.68 | $ | 0.56 | $ | 1.27 | $ | 1.12 | ||||||
ACCUMULATED_OTHER_COMPREHENSIV1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables) | 6 Months Ended | ||||||||||
Jun. 30, 2014 | |||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||
Schedule of changes in accumulated other comprehensive income | ' | ||||||||||
The following tables summarize the changes within each classification of accumulated other comprehensive income (loss) for the six months ended June 30, 2014 and the year ended December 31, 2013: | |||||||||||
Unrealized | |||||||||||
Gains and | |||||||||||
Losses on | Defined | ||||||||||
Available- | Benefit | ||||||||||
for-Sales | Pension | ||||||||||
(dollars in thousands) | Securities | Items | Total | ||||||||
Balance at December 31, 2013 | $ | -1,138 | $ | -1,356 | $ | -2,494 | |||||
Other comprehensive income before reclassification | 5,760 | 31 | 5,791 | ||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | -4 | 59 | 55 | ||||||||
Net current period other comprehensive income | 5,756 | 90 | 5,846 | ||||||||
Balance at June 30, 2014 | $ | 4,618 | $ | -1,266 | $ | 3,352 | |||||
Unrealized | |||||||||||
Gains and | |||||||||||
Losses on | Defined | ||||||||||
Available- | Benefit | ||||||||||
for-Sales | Pension | ||||||||||
(dollars in thousands) | Securities | Items | Total | ||||||||
Balance at December 31, 2012 | $ | 7,517 | $ | -1,828 | $ | 5,689 | |||||
Other comprehensive income before reclassification | -8,591 | 327 | -8,264 | ||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | -64 | 145 | 81 | ||||||||
Net current period other comprehensive income | -8,655 | 472 | -8,183 | ||||||||
Balance at December 31, 2013 | $ | -1,138 | $ | -1,356 | $ | -2,494 | |||||
Reclassification Accumulated Other Comprehensive Income | ' | ||||||||||
Reclassifications out of accumulated comprehensive income for the three months ended June 30, 2014 are as follows: | |||||||||||
Details about | Amount | Affected Line Item | |||||||||
Accumulated Other | Reclassified From | in the Statement | |||||||||
Comprehensive | Accumulated Other | Where Net | |||||||||
Income Components | Comprehensive Income | Income is Presented | |||||||||
(dollars in thousands) | |||||||||||
Unrealized gains and losses on available-for-sale securities | $ | 4 | Net securities gains (losses) | ||||||||
Tax effect | 0 | Income tax expense | |||||||||
4 | Net of tax | ||||||||||
Amortization of defined benefit pension items(1) | -50 | Salaries and employee benefits | |||||||||
Tax effect | 21 | Income tax expense | |||||||||
-29 | Net of tax | ||||||||||
Total reclassifications for the period | $ | -25 | Net of tax | ||||||||
Reclassifications out of accumulated comprehensive income for the three months ended June 30, 2013 are as follows: | |||||||||||
Details about | Amount | Affected Line Item | |||||||||
Accumulated Other | Reclassified From | in the Statement | |||||||||
Comprehensive | Accumulated Other | Where Net | |||||||||
Income Components | Comprehensive Income | Income is Presented | |||||||||
(dollars in thousands) | |||||||||||
Unrealized gains and losses on available-for-sale securities | $ | 0 | Net securities gains (losses) | ||||||||
Tax effect | 0 | Income tax expense | |||||||||
0 | Net of tax | ||||||||||
Amortization of defined benefit pension items(1) | -66 | Salaries and employee benefits | |||||||||
Tax effect | 27 | Income tax expense | |||||||||
-39 | Net of tax | ||||||||||
Total reclassifications for the period | $ | -39 | Net of tax | ||||||||
Reclassifications out of accumulated comprehensive income for the six months ended June 30, 2014 are as follows: | |||||||||||
Details about | Amount | Affected Line Item | |||||||||
Accumulated Other | Reclassified From | in the Statement | |||||||||
Comprehensive | Accumulated Other | Where Net | |||||||||
Income Components | Comprehensive Income | Income is Presented | |||||||||
(dollars in thousands) | |||||||||||
Unrealized gains and losses on available-for-sale securities | $ | 4 | Net securities gains (losses) | ||||||||
Tax effect | 0 | Income tax expense | |||||||||
4 | Net of tax | ||||||||||
Amortization of defined benefit pension items(1) | -99 | Salaries and employee benefits | |||||||||
Tax effect | 40 | Income tax expense | |||||||||
-59 | Net of tax | ||||||||||
Total reclassifications for the period | $ | -55 | Net of tax | ||||||||
Reclassifications out of accumulated comprehensive income for the six months ended June 30, 2013 are as follows: | |||||||||||
Details about | Amount | Affected Line Item | |||||||||
Accumulated Other | Reclassified From | in the Statement | |||||||||
Comprehensive | Accumulated Other | Where Net | |||||||||
Income Components | Comprehensive Income | Income is Presented | |||||||||
(dollars in thousands) | |||||||||||
Unrealized gains and losses on available-for-sale securities | $ | 1 | Net securities gains (losses) | ||||||||
Tax effect | 0 | Income tax expense | |||||||||
1 | Net of tax | ||||||||||
Amortization of defined benefit pension items(1) | -121 | Salaries and employee benefits | |||||||||
Tax effect | 49 | Income tax expense | |||||||||
-72 | Net of tax | ||||||||||
Total reclassifications for the period | $ | -71 | Net of tax | ||||||||
SECURITIES_Summary_Of_Availabl
SECURITIES (Summary Of Available Sale Of Securities) (Details) (USD $) | 6 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Information related to available for sale securities [Abstract] | ' | ' |
Amortized Cost | $468,347 | $471,000 |
Gross Unrealized Gain | 11,310 | 7,914 |
Gross Unrealized Losses | -3,795 | -9,947 |
Fair Value | 475,862 | 468,967 |
Us Treasury Securities [Member] | ' | ' |
Information related to available for sale securities [Abstract] | ' | ' |
Amortized Cost | 1,000 | 1,001 |
Gross Unrealized Gain | 6 | 16 |
Gross Unrealized Losses | 0 | 0 |
Fair Value | 1,006 | 1,017 |
Agency Residential Mortgage-Backed Securities [Member] | ' | ' |
Information related to available for sale securities [Abstract] | ' | ' |
Amortized Cost | 370,111 | 374,611 |
Gross Unrealized Gain | 7,533 | 5,301 |
Gross Unrealized Losses | -3,066 | -7,935 |
Fair Value | 374,578 | 371,977 |
State and Municipal Securities [Member] | ' | ' |
Information related to available for sale securities [Abstract] | ' | ' |
Amortized Cost | 97,236 | 95,388 |
Gross Unrealized Gain | 3,771 | 2,597 |
Gross Unrealized Losses | -729 | -2,012 |
Fair Value | $100,278 | $95,973 |
SECURITIES_Schedule_Of_Availab
SECURITIES (Schedule Of Available Sale Of Securities By Maturity) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Maturities of Available-for-sale Debt Securities [Abstract] | ' | ' |
Due in one year or less, Amortized Cost | $4,994 | ' |
Due after one year through five years, Amortized Cost | 17,438 | ' |
Due after five years through ten years, Amortized Cost | 42,389 | ' |
Due after ten years, Amortized Cost | 33,415 | ' |
Available for sale securities with maturities, Amortized cost | 98,236 | ' |
Mortgage-backed securities, Amortized Cost | 370,111 | ' |
Total debt securities, Amortized cost | 468,347 | 471,000 |
Due in one year or less, Fair Value | 5,029 | ' |
Due after one year through five years, Fair Value | 18,464 | ' |
Due after five years through ten years, Fair Value | 44,103 | ' |
Due after ten years, Fair Value | 33,688 | ' |
Available for sale securities with maturities fair value, Fair Value | 101,284 | ' |
Mortgage-backed securities, Fair Value | 374,578 | ' |
Total securities | $475,862 | $468,967 |
SECURITIES_Schedule_Of_Availab1
SECURITIES (Schedule Of Available Sale Of Securities Continous Unrealized Loss Position) (Details) (USD $) | 6 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Securities with unrealized losses [Abstract] | ' | ' |
Less than 12 months, Fair Value | $40,939 | $202,389 |
Less than 12 months, Unrealized Losses | -240 | -7,546 |
12 months or more, Fair Value | 135,366 | 42,130 |
12 months or more, Unrealized Losses | -3,555 | -2,401 |
Total Fair Value | 176,305 | 244,519 |
Total Unrealized Losses | -3,795 | -9,947 |
Agency Residential Mortgage-Backed Securities [Member] | ' | ' |
Securities with unrealized losses [Abstract] | ' | ' |
Less than 12 months, Fair Value | 37,421 | 177,779 |
Less than 12 months, Unrealized Losses | -209 | -6,444 |
12 months or more, Fair Value | 116,718 | 34,093 |
12 months or more, Unrealized Losses | -2,857 | -1,491 |
Total Fair Value | 154,139 | 211,872 |
Total Unrealized Losses | -3,066 | -7,935 |
State and Municipal Securities [Member] | ' | ' |
Securities with unrealized losses [Abstract] | ' | ' |
Less than 12 months, Fair Value | 3,518 | 24,610 |
Less than 12 months, Unrealized Losses | -31 | -1,102 |
12 months or more, Fair Value | 18,648 | 8,037 |
12 months or more, Unrealized Losses | -698 | -910 |
Total Fair Value | 22,166 | 32,647 |
Total Unrealized Losses | ($729) | ($2,012) |
SECURITIES_Quantitative_Disclo
SECURITIES (Quantitative Disclosure Of Available Sale Of Securities) (Details) | Jun. 30, 2014 | Dec. 31, 2013 |
Number | Number | |
Number of securities with unrealized losses [Abstract] | ' | ' |
Number of available-for-sale securities in unrealized loss positions, Less than 12 months | 19 | 108 |
Number of available-for-sale securities in unrealized loss positions, 12 months or more | 66 | 22 |
Available-for-sale, Securities in Unrealized Loss Positions, Number of Positions | 85 | 130 |
Agency Residential Mortgage-Backed Securities [Member] | ' | ' |
Number of securities with unrealized losses [Abstract] | ' | ' |
Number of available-for-sale securities in unrealized loss positions, Less than 12 months | 11 | 49 |
Number of available-for-sale securities in unrealized loss positions, 12 months or more | 30 | 10 |
Available-for-sale, Securities in Unrealized Loss Positions, Number of Positions | 41 | 59 |
State and Municipal Securities [Member] | ' | ' |
Number of securities with unrealized losses [Abstract] | ' | ' |
Number of available-for-sale securities in unrealized loss positions, Less than 12 months | 8 | 59 |
Number of available-for-sale securities in unrealized loss positions, 12 months or more | 36 | 12 |
Available-for-sale, Securities in Unrealized Loss Positions, Number of Positions | 44 | 71 |
SECURITIES_Additional_informat
SECURITIES (Additional information) (Details) (USD $) | Jun. 30, 2014 | Jun. 30, 2013 |
In Millions, unless otherwise specified | ||
Information related to available for sale securities [Abstract] | ' | ' |
Available-for-sale Securities pledged as collateral | $232.80 | $244.30 |
LOANS_Total_Loans_Outstanding_
LOANS (Total Loans Outstanding) (Details) (USD $) | 6 Months Ended | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Total consumer loans | $335,124 | $323,155 | ' | ' | ' | ' |
Subtotal | 2,673,869 | 2,535,728 | ' | ' | ' | ' |
Less: Allowance for loan losses | -45,605 | -48,797 | -46,137 | -50,635 | -50,818 | -51,445 |
Net deferred loan fees | -542 | -630 | ' | ' | ' | ' |
Loans, net | 2,627,722 | 2,486,301 | ' | ' | ' | ' |
Percentage of Total consumer loans | 12.50% | 12.70% | ' | ' | ' | ' |
Percentage of Subtotal | 100.00% | 100.00% | ' | ' | ' | ' |
Commercial Loan [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Total commercial loans | 2,338,745 | 2,212,573 | ' | ' | ' | ' |
Percentage of Total commercial loans | 87.50% | 87.30% | ' | ' | ' | ' |
Commercial and Industrial Loans [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Total commercial loans | 1,035,946 | 901,567 | ' | ' | ' | ' |
Less: Allowance for loan losses | -20,922 | -21,005 | -21,730 | -21,879 | -22,113 | -22,342 |
Percentage of Total commercial loans | 38.70% | 35.60% | ' | ' | ' | ' |
Commercial and Industrial Loans [Member] | Working Capital Lines Of Credit Loans [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Total commercial loans | 509,725 | 457,690 | ' | ' | ' | ' |
Percentage of Total commercial loans | 19.10% | 18.00% | ' | ' | ' | ' |
Commercial and Industrial Loans [Member] | Non-working Capital Loans [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Total commercial loans | 526,221 | 443,877 | ' | ' | ' | ' |
Percentage of Total commercial loans | 19.70% | 17.50% | ' | ' | ' | ' |
Commercial Real Estate and Multi-family Residential Loans [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Total commercial loans | 1,018,023 | 986,207 | ' | ' | ' | ' |
Percentage of Total commercial loans | 38.10% | 38.90% | ' | ' | ' | ' |
Commercial Real Estate and Multi-family Residential Loans [Member] | Construction and Land Development Loans [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Total commercial loans | 166,671 | 157,630 | ' | ' | ' | ' |
Percentage of Total commercial loans | 6.20% | 6.20% | ' | ' | ' | ' |
Commercial Real Estate and Multi-family Residential Loans [Member] | Owner Occupied Loans [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Total commercial loans | 385,706 | 370,386 | ' | ' | ' | ' |
Percentage of Total commercial loans | 14.40% | 14.60% | ' | ' | ' | ' |
Commercial Real Estate and Multi-family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Total commercial loans | 406,691 | 394,748 | ' | ' | ' | ' |
Percentage of Total commercial loans | 15.20% | 15.60% | ' | ' | ' | ' |
Commercial Real Estate and Multi-family Residential Loans [Member] | Multifamily Loans [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Total commercial loans | 58,955 | 63,443 | ' | ' | ' | ' |
Percentage of Total commercial loans | 2.20% | 2.50% | ' | ' | ' | ' |
Agri-business and Agricultural Loans [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Total commercial loans | 212,679 | 254,029 | ' | ' | ' | ' |
Less: Allowance for loan losses | -1,404 | -1,682 | -1,408 | -1,517 | -1,263 | -1,403 |
Percentage of Total commercial loans | 8.00% | 10.00% | ' | ' | ' | ' |
Agri-business and Agricultural Loans [Member] | Loans Secured By Farmland [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Total commercial loans | 122,515 | 133,458 | ' | ' | ' | ' |
Percentage of Total commercial loans | 4.60% | 5.30% | ' | ' | ' | ' |
Agri-business and Agricultural Loans [Member] | Loans For Agricultural Production [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Total commercial loans | 90,164 | 120,571 | ' | ' | ' | ' |
Percentage of Total commercial loans | 3.40% | 4.80% | ' | ' | ' | ' |
Other Commerical Loans [Member] | Commercial Loan [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Total commercial loans | 72,097 | 70,770 | ' | ' | ' | ' |
Percentage of Total commercial loans | 2.70% | 2.80% | ' | ' | ' | ' |
Consumer 1-4 Family Mortgage Loans [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Total consumer loans | 291,217 | 277,030 | ' | ' | ' | ' |
Percentage of Total consumer loans | 10.90% | 10.90% | ' | ' | ' | ' |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Total consumer loans | 138,773 | 125,444 | ' | ' | ' | ' |
Percentage of Total consumer loans | 5.20% | 4.90% | ' | ' | ' | ' |
Consumer 1-4 Family Mortgage Loans [Member] | Open End And Junior Lien Loans [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Total consumer loans | 145,330 | 146,946 | ' | ' | ' | ' |
Percentage of Total consumer loans | 5.40% | 5.80% | ' | ' | ' | ' |
Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction and Land Development Loans [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Total consumer loans | 7,114 | 4,640 | ' | ' | ' | ' |
Percentage of Total consumer loans | 0.30% | 0.20% | ' | ' | ' | ' |
Other Consumer Loans [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Total consumer loans | $43,907 | $46,125 | ' | ' | ' | ' |
Percentage of Total consumer loans | 1.60% | 1.80% | ' | ' | ' | ' |
ALLOWANCE_FOR_LOAN_LOSSES_AND_2
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Balance In The Allowance For Loan Losses And The Recorded Investment In Loans By Portfolio Management) (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Beginning balance | $46,137 | $50,818 | $48,797 | $51,445 | ' |
Provision for loan losses | 0 | 0 | 0 | 0 | ' |
Loans charged-off | -655 | -369 | -3,406 | -1,575 | ' |
Recoveries | 123 | 186 | 214 | 765 | ' |
Net loans charged-off | -532 | -183 | -3,192 | -810 | ' |
Ending balance | 45,605 | 50,635 | 45,605 | 50,635 | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 5,887 | ' | 5,887 | ' | 9,316 |
Collectively evaluated for impairment | 39,718 | ' | 39,718 | ' | 39,481 |
Total ending allowance balance | 45,605 | 50,635 | 45,605 | 50,635 | ' |
Loans: | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 32,057 | ' | 32,057 | ' | 43,227 |
Loans collectively evaluated for impairment | 2,641,270 | ' | 2,641,270 | ' | 2,491,871 |
Total ending loan balance | 2,673,327 | ' | 2,673,327 | ' | 2,535,098 |
Commercial and Industrial Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Beginning balance | 21,730 | 22,113 | 21,005 | 22,342 | ' |
Provision for loan losses | -343 | -348 | 377 | -707 | ' |
Loans charged-off | -483 | -10 | -513 | -143 | ' |
Recoveries | 18 | 124 | 53 | 387 | ' |
Net loans charged-off | -465 | 114 | -460 | 244 | ' |
Ending balance | 20,922 | 21,879 | 20,922 | 21,879 | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 3,297 | ' | 3,297 | ' | 4,144 |
Collectively evaluated for impairment | 17,625 | ' | 17,625 | ' | 16,861 |
Total ending allowance balance | 20,922 | 21,879 | 20,922 | 21,879 | ' |
Loans: | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 15,548 | ' | 15,548 | ' | 16,196 |
Loans collectively evaluated for impairment | 1,020,632 | ' | 1,020,632 | ' | 885,651 |
Total ending loan balance | 1,036,180 | ' | 1,036,180 | ' | 901,847 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Beginning balance | 15,648 | 20,420 | 18,556 | 20,812 | ' |
Provision for loan losses | 329 | -336 | -59 | -83 | ' |
Loans charged-off | -22 | 0 | -2,553 | -906 | ' |
Recoveries | 20 | 14 | 31 | 275 | ' |
Net loans charged-off | -2 | 14 | -2,522 | -631 | ' |
Ending balance | 15,975 | 20,098 | 15,975 | 20,098 | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 2,027 | ' | 2,027 | ' | 4,598 |
Collectively evaluated for impairment | 13,948 | ' | 13,948 | ' | 13,959 |
Total ending allowance balance | 15,975 | 20,098 | 15,975 | 20,098 | ' |
Loans: | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 12,277 | ' | 12,277 | ' | 22,204 |
Loans collectively evaluated for impairment | 1,004,451 | ' | 1,004,451 | ' | 962,673 |
Total ending loan balance | 1,016,728 | ' | 1,016,728 | ' | 984,877 |
Agri-business and Agricultural Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Beginning balance | 1,408 | 1,263 | 1,682 | 1,403 | ' |
Provision for loan losses | -10 | 452 | -289 | 310 | ' |
Loans charged-off | 0 | -200 | 0 | -200 | ' |
Recoveries | 6 | 2 | 11 | 4 | ' |
Net loans charged-off | 6 | -198 | 11 | -196 | ' |
Ending balance | 1,404 | 1,517 | 1,404 | 1,517 | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 26 | ' | 26 | ' | 38 |
Collectively evaluated for impairment | 1,378 | ' | 1,378 | ' | 1,644 |
Total ending allowance balance | 1,404 | 1,517 | 1,404 | 1,517 | ' |
Loans: | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 488 | ' | 488 | ' | 1,114 |
Loans collectively evaluated for impairment | 212,286 | ' | 212,286 | ' | 253,011 |
Total ending loan balance | 212,774 | ' | 212,774 | ' | 254,125 |
Other Commercial [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Beginning balance | 249 | 223 | 391 | 240 | ' |
Provision for loan losses | -15 | 41 | -157 | 24 | ' |
Loans charged-off | 0 | 0 | 0 | 0 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Net loans charged-off | 0 | 0 | 0 | 0 | ' |
Ending balance | 234 | 264 | 234 | 264 | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | 0 | ' | 0 |
Collectively evaluated for impairment | 234 | ' | 234 | ' | 391 |
Total ending allowance balance | 234 | 264 | 234 | 264 | ' |
Loans: | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 0 | ' | 0 | ' | 0 |
Loans collectively evaluated for impairment | 72,095 | ' | 72,095 | ' | 70,766 |
Total ending loan balance | 72,095 | ' | 72,095 | ' | 70,766 |
Consumer 1-4 Family Mortgage Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Beginning balance | 3,064 | 2,866 | 3,046 | 2,682 | ' |
Provision for loan losses | 276 | 30 | 408 | 300 | ' |
Loans charged-off | -107 | -81 | -222 | -189 | ' |
Recoveries | 42 | 8 | 43 | 30 | ' |
Net loans charged-off | -65 | -73 | -179 | -159 | ' |
Ending balance | 3,275 | 2,823 | 3,275 | 2,823 | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 511 | ' | 511 | ' | 479 |
Collectively evaluated for impairment | 2,764 | ' | 2,764 | ' | 2,566 |
Total ending allowance balance | 3,275 | 2,823 | 3,275 | 2,823 | ' |
Loans: | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 3,668 | ' | 3,668 | ' | 3,594 |
Loans collectively evaluated for impairment | 288,035 | ' | 288,035 | ' | 273,812 |
Total ending loan balance | 291,703 | ' | 291,703 | ' | 277,406 |
Other Consumer [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Beginning balance | 549 | 558 | 608 | 609 | ' |
Provision for loan losses | -56 | 69 | -79 | 46 | ' |
Loans charged-off | -43 | -78 | -118 | -137 | ' |
Recoveries | 37 | 38 | 76 | 69 | ' |
Net loans charged-off | -6 | -40 | -42 | -68 | ' |
Ending balance | 487 | 587 | 487 | 587 | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 26 | ' | 26 | ' | 57 |
Collectively evaluated for impairment | 461 | ' | 461 | ' | 551 |
Total ending allowance balance | 487 | 587 | 487 | 587 | ' |
Loans: | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 76 | ' | 76 | ' | 119 |
Loans collectively evaluated for impairment | 43,771 | ' | 43,771 | ' | 45,958 |
Total ending loan balance | 43,847 | ' | 43,847 | ' | 46,077 |
Unallocated [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Beginning balance | 3,489 | 3,375 | 3,509 | 3,357 | ' |
Provision for loan losses | -181 | 92 | -201 | 110 | ' |
Loans charged-off | 0 | 0 | 0 | 0 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Net loans charged-off | 0 | 0 | 0 | 0 | ' |
Ending balance | 3,308 | 3,467 | 3,308 | 3,467 | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | 0 | ' | 0 |
Collectively evaluated for impairment | 3,308 | ' | 3,308 | ' | 3,509 |
Total ending allowance balance | 3,308 | 3,467 | 3,308 | 3,467 | ' |
Loans: | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 0 | ' | 0 | ' | 0 |
Loans collectively evaluated for impairment | 0 | ' | 0 | ' | 0 |
Total ending loan balance | $0 | ' | $0 | ' | $0 |
ALLOWANCE_FOR_LOAN_LOSSES_AND_3
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Loans Individualy Evaluated For Impairment) (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Unpaid Principal Balance | $37,337 | ' | $37,337 | ' | $50,877 |
Recorded Investment | 32,057 | ' | 32,057 | ' | 43,227 |
Allowance for loans losses allocated | 5,887 | ' | 5,887 | ' | 9,316 |
Average recorded investment with an allowance recorded | ' | ' | 0 | ' | ' |
Average Recorded Investment | 32,831 | 47,246 | 36,484 | 51,193 | ' |
Interest Income Recognized | 228 | 304 | 445 | 610 | ' |
Cash Basis Interest Income Recogonized | 221 | 297 | 442 | 636 | ' |
Other Commerical Loans [Member] | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Unpaid principal balance with no related allowance recorded | 0 | ' | 0 | ' | ' |
Unpaid principal balance with an allowance recorded | 0 | ' | 0 | ' | ' |
Recorded Investment with no related allowance recorded | 0 | ' | 0 | ' | ' |
Recorded investment with an allowance recorded | 0 | ' | 0 | ' | ' |
Allowance for loan losses allocated with no related allowance recorded | 0 | ' | 0 | ' | ' |
Allowance for loans losses allocated with an allowance recorded | 0 | ' | 0 | ' | ' |
Average recorded investment with no related allowance recorded | 0 | ' | 0 | ' | ' |
Average recorded investment with an allowance recorded | 0 | ' | 0 | ' | ' |
Interest income recognized with no related allowance recorded | 0 | ' | 0 | ' | ' |
Interest income recognized with an allowance recorded | 0 | ' | 0 | ' | ' |
Cash basis interest income recognized with no related allowance recorded | 0 | ' | 0 | ' | ' |
Cash basis interest income recognized with an allowance recorded | 0 | ' | 0 | ' | ' |
Other Consumer Loans [Member] | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Unpaid principal balance with no related allowance recorded | 2 | ' | 2 | ' | 1 |
Unpaid principal balance with an allowance recorded | 74 | ' | 74 | ' | 118 |
Recorded Investment with no related allowance recorded | 2 | ' | 2 | ' | 1 |
Recorded investment with an allowance recorded | 74 | ' | 74 | ' | 118 |
Allowance for loan losses allocated with no related allowance recorded | 0 | ' | 0 | ' | 0 |
Allowance for loans losses allocated with an allowance recorded | 26 | ' | 26 | ' | 57 |
Average recorded investment with no related allowance recorded | 3 | 1 | 2 | 1 | ' |
Average recorded investment with an allowance recorded | 82 | 79 | 87 | 80 | ' |
Interest income recognized with no related allowance recorded | 0 | 0 | 0 | 0 | ' |
Interest income recognized with an allowance recorded | 0 | 1 | 0 | 1 | ' |
Cash basis interest income recognized with no related allowance recorded | 0 | 0 | 0 | 0 | ' |
Cash basis interest income recognized with an allowance recorded | 0 | 1 | 0 | 1 | ' |
Commercial and Industrial Loans [Member] | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Allowance for loans losses allocated | 3,297 | ' | 3,297 | ' | 4,144 |
Commercial and Industrial Loans [Member] | Working Capital Lines Of Credit Loans [Member] | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Unpaid principal balance with no related allowance recorded | 529 | ' | 529 | ' | 63 |
Unpaid principal balance with an allowance recorded | 1,548 | ' | 1,548 | ' | 5,251 |
Recorded Investment with no related allowance recorded | 244 | ' | 244 | ' | 63 |
Recorded investment with an allowance recorded | 1,547 | ' | 1,547 | ' | 2,641 |
Allowance for loan losses allocated with no related allowance recorded | 0 | ' | 0 | ' | 0 |
Allowance for loans losses allocated with an allowance recorded | 526 | ' | 526 | ' | 984 |
Average recorded investment with no related allowance recorded | 462 | 65 | 287 | 65 | ' |
Average recorded investment with an allowance recorded | 1,549 | 2,898 | 2,000 | 3,034 | ' |
Interest income recognized with no related allowance recorded | 0 | 0 | 1 | 0 | ' |
Interest income recognized with an allowance recorded | 21 | 14 | 33 | 27 | ' |
Cash basis interest income recognized with no related allowance recorded | 1 | 0 | 1 | 0 | ' |
Cash basis interest income recognized with an allowance recorded | 16 | 14 | 29 | 27 | ' |
Commercial and Industrial Loans [Member] | Non-working Capital Loans [Member] | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Unpaid principal balance with no related allowance recorded | 38 | ' | 38 | ' | ' |
Unpaid principal balance with an allowance recorded | 17,276 | ' | 17,276 | ' | 15,345 |
Recorded Investment with no related allowance recorded | 38 | ' | 38 | ' | ' |
Recorded investment with an allowance recorded | 13,719 | ' | 13,719 | ' | 13,492 |
Allowance for loan losses allocated with no related allowance recorded | 0 | ' | 0 | ' | ' |
Allowance for loans losses allocated with an allowance recorded | 2,771 | ' | 2,771 | ' | 3,160 |
Average recorded investment with no related allowance recorded | 124 | 0 | 62 | 17 | ' |
Average recorded investment with an allowance recorded | 13,898 | 13,815 | 13,840 | 14,114 | ' |
Interest income recognized with no related allowance recorded | 0 | 0 | 0 | 0 | ' |
Interest income recognized with an allowance recorded | 134 | 136 | 260 | 271 | ' |
Cash basis interest income recognized with no related allowance recorded | 0 | 0 | 0 | 0 | ' |
Cash basis interest income recognized with an allowance recorded | 136 | 139 | 262 | 276 | ' |
Commercial Real Estate and Multi-Family Residential Loans [Member] | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Allowance for loans losses allocated | 2,027 | ' | 2,027 | ' | 4,598 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and Land Development Loans [Member] | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Unpaid principal balance with no related allowance recorded | 0 | ' | 0 | ' | ' |
Unpaid principal balance with an allowance recorded | 2,717 | ' | 2,717 | ' | 2,795 |
Recorded Investment with no related allowance recorded | 0 | ' | 0 | ' | ' |
Recorded investment with an allowance recorded | 2,717 | ' | 2,717 | ' | 2,795 |
Allowance for loan losses allocated with no related allowance recorded | 0 | ' | 0 | ' | ' |
Allowance for loans losses allocated with an allowance recorded | 696 | ' | 696 | ' | 585 |
Average recorded investment with no related allowance recorded | 0 | ' | 0 | ' | ' |
Average recorded investment with an allowance recorded | 2,695 | 4,203 | 2,663 | 4,366 | ' |
Interest income recognized with no related allowance recorded | 0 | ' | 0 | ' | ' |
Interest income recognized with an allowance recorded | 15 | 7 | 30 | 52 | ' |
Cash basis interest income recognized with no related allowance recorded | 0 | ' | 0 | ' | ' |
Cash basis interest income recognized with an allowance recorded | 16 | -5 | 31 | 47 | ' |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Unpaid principal balance with no related allowance recorded | 345 | ' | 345 | ' | 377 |
Unpaid principal balance with an allowance recorded | 1,945 | ' | 1,945 | ' | 5,553 |
Recorded Investment with no related allowance recorded | 165 | ' | 165 | ' | 196 |
Recorded investment with an allowance recorded | 1,905 | ' | 1,905 | ' | 4,681 |
Allowance for loan losses allocated with no related allowance recorded | 0 | ' | 0 | ' | 0 |
Allowance for loans losses allocated with an allowance recorded | 454 | ' | 454 | ' | 723 |
Average recorded investment with no related allowance recorded | 168 | 543 | 243 | 555 | ' |
Average recorded investment with an allowance recorded | 1,921 | 2,768 | 2,816 | 3,534 | ' |
Interest income recognized with no related allowance recorded | 0 | 0 | 0 | 0 | ' |
Interest income recognized with an allowance recorded | 6 | 39 | 19 | 68 | ' |
Cash basis interest income recognized with no related allowance recorded | 0 | 0 | 0 | 0 | ' |
Cash basis interest income recognized with an allowance recorded | 0 | 45 | 14 | 76 | ' |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Unpaid principal balance with no related allowance recorded | 337 | ' | 337 | ' | ' |
Unpaid principal balance with an allowance recorded | 7,786 | ' | 7,786 | ' | 15,163 |
Recorded Investment with no related allowance recorded | 337 | ' | 337 | ' | ' |
Recorded investment with an allowance recorded | 7,153 | ' | 7,153 | ' | 14,532 |
Allowance for loan losses allocated with no related allowance recorded | 0 | ' | 0 | ' | ' |
Allowance for loans losses allocated with an allowance recorded | 877 | ' | 877 | ' | 3,290 |
Average recorded investment with no related allowance recorded | 344 | ' | 349 | ' | ' |
Average recorded investment with an allowance recorded | 7,218 | 19,399 | 9,526 | 21,849 | ' |
Interest income recognized with no related allowance recorded | 0 | ' | 0 | ' | ' |
Interest income recognized with an allowance recorded | 35 | 84 | 69 | 168 | ' |
Cash basis interest income recognized with no related allowance recorded | 0 | ' | 0 | ' | ' |
Cash basis interest income recognized with an allowance recorded | 35 | 85 | 69 | 172 | ' |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Multifamily Loans [Member] | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Unpaid principal balance with no related allowance recorded | 0 | ' | 0 | ' | ' |
Unpaid principal balance with an allowance recorded | 0 | ' | 0 | ' | ' |
Recorded Investment with no related allowance recorded | 0 | ' | 0 | ' | ' |
Recorded investment with an allowance recorded | 0 | ' | 0 | ' | ' |
Allowance for loan losses allocated with no related allowance recorded | 0 | ' | 0 | ' | ' |
Allowance for loans losses allocated with an allowance recorded | 0 | ' | 0 | ' | ' |
Average recorded investment with no related allowance recorded | 0 | ' | 0 | ' | ' |
Average recorded investment with an allowance recorded | 0 | 0 | 0 | 96 | ' |
Interest income recognized with no related allowance recorded | 0 | ' | 0 | ' | ' |
Interest income recognized with an allowance recorded | 0 | 0 | 0 | 0 | ' |
Cash basis interest income recognized with no related allowance recorded | 0 | ' | 0 | ' | ' |
Cash basis interest income recognized with an allowance recorded | 0 | 0 | 0 | 0 | ' |
Agri-business and Agricultural Loans [Member] | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Allowance for loans losses allocated | 26 | ' | 26 | ' | 38 |
Agri-business and Agricultural Loans [Member] | Loans Secured By Farmland [Member] | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Unpaid principal balance with no related allowance recorded | 0 | ' | 0 | ' | 604 |
Unpaid principal balance with an allowance recorded | 987 | ' | 987 | ' | 1,008 |
Recorded Investment with no related allowance recorded | 0 | ' | 0 | ' | 604 |
Recorded investment with an allowance recorded | 488 | ' | 488 | ' | 510 |
Allowance for loan losses allocated with no related allowance recorded | 0 | ' | 0 | ' | 0 |
Allowance for loans losses allocated with an allowance recorded | 26 | ' | 26 | ' | 38 |
Average recorded investment with no related allowance recorded | 0 | 440 | 196 | 481 | ' |
Average recorded investment with an allowance recorded | 616 | 391 | 559 | 359 | ' |
Interest income recognized with no related allowance recorded | 0 | 0 | 0 | 0 | ' |
Interest income recognized with an allowance recorded | 0 | 0 | 0 | 0 | ' |
Cash basis interest income recognized with no related allowance recorded | 0 | 0 | 0 | 0 | ' |
Cash basis interest income recognized with an allowance recorded | 0 | 0 | 0 | 0 | ' |
Agri-business and Agricultural Loans [Member] | Loans For Agricultural Production [Member] | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Unpaid principal balance with no related allowance recorded | 0 | ' | 0 | ' | ' |
Unpaid principal balance with an allowance recorded | 0 | ' | 0 | ' | ' |
Recorded Investment with no related allowance recorded | 0 | ' | 0 | ' | ' |
Recorded investment with an allowance recorded | 0 | ' | 0 | ' | ' |
Allowance for loan losses allocated with no related allowance recorded | 0 | ' | 0 | ' | ' |
Allowance for loans losses allocated with an allowance recorded | 0 | ' | 0 | ' | ' |
Average recorded investment with no related allowance recorded | 0 | ' | 0 | ' | ' |
Average recorded investment with an allowance recorded | 0 | ' | 0 | ' | ' |
Interest income recognized with no related allowance recorded | 0 | ' | 0 | ' | ' |
Interest income recognized with an allowance recorded | 0 | ' | 0 | ' | ' |
Cash basis interest income recognized with no related allowance recorded | 0 | ' | 0 | ' | ' |
Cash basis interest income recognized with an allowance recorded | 0 | ' | 0 | ' | ' |
Consumer 1-4 Family Mortgage Loans [Member] | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Allowance for loans losses allocated | 511 | ' | 511 | ' | 479 |
Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction Loans [Member] | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Unpaid principal balance with no related allowance recorded | 139 | ' | 139 | ' | 150 |
Unpaid principal balance with an allowance recorded | 0 | ' | 0 | ' | ' |
Recorded Investment with no related allowance recorded | 139 | ' | 139 | ' | 150 |
Recorded investment with an allowance recorded | 0 | ' | 0 | ' | ' |
Allowance for loan losses allocated with no related allowance recorded | 0 | ' | 0 | ' | 0 |
Allowance for loans losses allocated with an allowance recorded | 0 | ' | 0 | ' | ' |
Average recorded investment with no related allowance recorded | 141 | ' | 144 | ' | ' |
Average recorded investment with an allowance recorded | 0 | ' | 0 | ' | ' |
Interest income recognized with no related allowance recorded | 0 | ' | 0 | ' | ' |
Interest income recognized with an allowance recorded | 0 | ' | 0 | ' | ' |
Cash basis interest income recognized with no related allowance recorded | 0 | ' | 0 | ' | ' |
Cash basis interest income recognized with an allowance recorded | 0 | ' | 0 | ' | ' |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Unpaid principal balance with no related allowance recorded | 687 | ' | 687 | ' | 688 |
Unpaid principal balance with an allowance recorded | 2,713 | ' | 2,713 | ' | 3,469 |
Recorded Investment with no related allowance recorded | 688 | ' | 688 | ' | 689 |
Recorded investment with an allowance recorded | 2,627 | ' | 2,627 | ' | 2,463 |
Allowance for loan losses allocated with no related allowance recorded | 0 | ' | 0 | ' | 0 |
Allowance for loans losses allocated with an allowance recorded | 501 | ' | 501 | ' | 442 |
Average recorded investment with no related allowance recorded | 688 | 49 | 689 | 54 | ' |
Average recorded investment with an allowance recorded | 2,736 | 2,537 | 2,835 | 2,518 | ' |
Interest income recognized with no related allowance recorded | 0 | 0 | 0 | 0 | ' |
Interest income recognized with an allowance recorded | 17 | 23 | 33 | 23 | ' |
Cash basis interest income recognized with no related allowance recorded | 0 | 0 | 0 | 0 | ' |
Cash basis interest income recognized with an allowance recorded | 17 | 18 | 36 | 37 | ' |
Consumer 1-4 Family Mortgage Loans [Member] | Open End and Junior Lien Loans [Member] | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' |
Unpaid principal balance with no related allowance recorded | 156 | ' | 156 | ' | 81 |
Unpaid principal balance with an allowance recorded | 58 | ' | 58 | ' | 211 |
Recorded Investment with no related allowance recorded | 156 | ' | 156 | ' | 81 |
Recorded investment with an allowance recorded | 58 | ' | 58 | ' | 211 |
Allowance for loan losses allocated with no related allowance recorded | 0 | ' | 0 | ' | 0 |
Allowance for loans losses allocated with an allowance recorded | 10 | ' | 10 | ' | 37 |
Average recorded investment with no related allowance recorded | 157 | 0 | 113 | 21 | ' |
Average recorded investment with an allowance recorded | 29 | 58 | 73 | 49 | ' |
Interest income recognized with no related allowance recorded | 0 | 0 | 0 | 0 | ' |
Interest income recognized with an allowance recorded | 0 | 0 | 0 | 0 | ' |
Cash basis interest income recognized with no related allowance recorded | 0 | 0 | 0 | 0 | ' |
Cash basis interest income recognized with an allowance recorded | $0 | $0 | $0 | $0 | ' |
ALLOWANCE_FOR_LOAN_LOSSES_AND_4
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Aging Of The Recorded Investment In Past Due Loans) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
Loans Not Past Due | $2,656,203 | $2,509,183 |
30-89 Days Past Due | 3,049 | 1,971 |
Greater than 90 Days Past Due | 4 | 46 |
Nonaccrual | 14,071 | 23,898 |
Total Past Due | 17,124 | 25,915 |
Total | 2,673,327 | 2,535,098 |
Other Commerical Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
Loans Not Past Due | 72,095 | 70,766 |
30-89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 0 | 0 |
Nonaccrual | 0 | 0 |
Total Past Due | 0 | 0 |
Total | 72,095 | 70,766 |
Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
Total | 1,036,180 | 901,847 |
Commercial and Industrial Loans [Member] | Working Capital Lines Of Credit Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
Loans Not Past Due | 508,829 | 456,136 |
30-89 Days Past Due | 631 | 0 |
Greater than 90 Days Past Due | 0 | 0 |
Nonaccrual | 470 | 1,819 |
Total Past Due | 1,101 | 1,819 |
Total | 509,930 | 457,955 |
Commercial and Industrial Loans [Member] | Non-working Capital Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
Loans Not Past Due | 521,756 | 440,050 |
30-89 Days Past Due | 374 | 46 |
Greater than 90 Days Past Due | 0 | 0 |
Nonaccrual | 4,120 | 3,796 |
Total Past Due | 4,494 | 3,842 |
Total | 526,250 | 443,892 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
Total | 1,016,728 | 984,877 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and Land Development Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
Loans Not Past Due | 165,660 | 156,594 |
30-89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 0 | 0 |
Nonaccrual | 535 | 544 |
Total Past Due | 535 | 544 |
Total | 166,195 | 157,138 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
Loans Not Past Due | 383,356 | 366,955 |
30-89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 0 | 0 |
Nonaccrual | 2,070 | 3,156 |
Total Past Due | 2,070 | 3,156 |
Total | 385,426 | 370,111 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
Loans Not Past Due | 401,446 | 382,478 |
30-89 Days Past Due | 64 | 0 |
Greater than 90 Days Past Due | 0 | 0 |
Nonaccrual | 4,718 | 11,758 |
Total Past Due | 4,782 | 11,758 |
Total | 406,228 | 394,236 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Multifamily Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
Loans Not Past Due | 58,879 | 63,392 |
30-89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 0 | 0 |
Nonaccrual | 0 | 0 |
Total Past Due | 0 | 0 |
Total | 58,879 | 63,392 |
Agri-business and Agricultural Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
Total | 212,774 | 254,125 |
Agri-business and Agricultural Loans [Member] | Loans Secured By Farmland [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
Loans Not Past Due | 122,035 | 132,347 |
30-89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 0 | 0 |
Nonaccrual | 488 | 1,113 |
Total Past Due | 488 | 1,113 |
Total | 122,523 | 133,460 |
Agri-business and Agricultural Loans [Member] | Loans For Agricultural Production [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
Loans Not Past Due | 90,251 | 120,665 |
30-89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 0 | 0 |
Nonaccrual | 0 | 0 |
Total Past Due | 0 | 0 |
Total | 90,251 | 120,665 |
Consumer 1-4 Family Mortgage Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
Total | 291,703 | 277,406 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
Loans Not Past Due | 135,906 | 122,370 |
30-89 Days Past Due | 1,347 | 1,645 |
Greater than 90 Days Past Due | 0 | 0 |
Nonaccrual | 1,253 | 1,165 |
Total Past Due | 2,600 | 2,810 |
Total | 138,506 | 125,180 |
Consumer 1-4 Family Mortgage Loans [Member] | Open End and Junior Lien Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
Loans Not Past Due | 145,506 | 147,123 |
30-89 Days Past Due | 372 | 135 |
Greater than 90 Days Past Due | 4 | 46 |
Nonaccrual | 214 | 291 |
Total Past Due | 590 | 472 |
Total | 146,096 | 147,595 |
Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
Loans Not Past Due | 6,962 | 4,481 |
30-89 Days Past Due | 0 | 0 |
Greater than 90 Days Past Due | 0 | 0 |
Nonaccrual | 139 | 150 |
Total Past Due | 139 | 150 |
Total | 7,101 | 4,631 |
Other consumer loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Aging [Abstract] | ' | ' |
Loans Not Past Due | 43,522 | 45,826 |
30-89 Days Past Due | 261 | 145 |
Greater than 90 Days Past Due | 0 | 0 |
Nonaccrual | 64 | 106 |
Total Past Due | 325 | 251 |
Total | $43,847 | $46,077 |
ALLOWANCE_FOR_LOAN_LOSSES_AND_5
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Troubled Debt Restructuring) (Details) (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |||
Troubled Debt Restructuring [Abstract] | ' | ' | ' |
Accruing troubled debt restructured loans | $15,607 | ' | $17,714 |
Nonaccrual troubled debt restructured loans | 10,349 | ' | 18,531 |
Total troubled debt restructured loans | $25,956 | $2,700 | $36,245 |
ALLOWANCE_FOR_LOAN_LOSSES_AND_6
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Loans By Class Modified As Troubled Debt Restructuring) (Details) (USD $) | 3 Months Ended | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Number of Loans | 4 | 3 | 10 |
Pre-Modification Outstanding Recorded Investment | $317 | $591 | $2,515 |
Post-Modification Outstanding Recorded Investment | 328 | 592 | 2,526 |
Interest Rate Reductions [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Number of Loans | 2 | ' | 8 |
Pre-Modification Outstanding Recorded Investment | 142 | ' | 227 |
Post-Modification Outstanding Recorded Investment | 158 | ' | 221 |
Principal and Interest Forgiveness [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Number of Loans | 2 | ' | 2 |
Principal and Interest Forgiveness [Member] | Interest [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Pre-Modification Outstanding Recorded Investment | 164 | ' | 164 |
Post-Modification Outstanding Recorded Investment | 149 | ' | 149 |
Principal and Interest Forgiveness [Member] | Principal [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Pre-Modification Outstanding Recorded Investment | 156 | ' | 156 |
Post-Modification Outstanding Recorded Investment | 161 | ' | 161 |
Modified Repayment Terms [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Number of Loans | ' | 2 | ' |
Modified Repayment Terms [Member] | Minimum [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Extension period for modified repayment terms | ' | '12 months | ' |
Modified Repayment Terms [Member] | Maximum [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Extension period for modified repayment terms | ' | '15 months | ' |
Commercial and Industrial Loans [Member] | Non Working Capital Loans [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Number of Loans | ' | 2 | ' |
Pre-Modification Outstanding Recorded Investment | ' | 433 | ' |
Post-Modification Outstanding Recorded Investment | ' | 433 | ' |
Commercial and Industrial Loans [Member] | Non Working Capital Loans [Member] | Modified Repayment Terms [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Number of Loans | ' | 2 | ' |
Commercial and Industrial Loans [Member] | Non Working Capital Loans [Member] | Modified Repayment Terms [Member] | Minimum [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Extension period for modified repayment terms | ' | '12 months | ' |
Commercial and Industrial Loans [Member] | Non Working Capital Loans [Member] | Modified Repayment Terms [Member] | Maximum [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Extension period for modified repayment terms | ' | '15 months | ' |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and Land Development Loans [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Number of Loans | ' | ' | 6 |
Pre-Modification Outstanding Recorded Investment | ' | ' | 2,198 |
Post-Modification Outstanding Recorded Investment | ' | ' | 2,198 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and Land Development Loans [Member] | Interest Rate Reductions [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Number of Loans | ' | ' | 6 |
Pre-Modification Outstanding Recorded Investment | ' | ' | 85 |
Post-Modification Outstanding Recorded Investment | ' | ' | 63 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and Land Development Loans [Member] | Principal and Interest Forgiveness [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Number of Loans | ' | ' | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and Land Development Loans [Member] | Principal and Interest Forgiveness [Member] | Interest [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' | 0 |
Post-Modification Outstanding Recorded Investment | ' | ' | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and Land Development Loans [Member] | Principal and Interest Forgiveness [Member] | Principal [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' | 0 |
Post-Modification Outstanding Recorded Investment | ' | ' | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Number of Loans | ' | 1 | ' |
Pre-Modification Outstanding Recorded Investment | ' | 158 | ' |
Post-Modification Outstanding Recorded Investment | ' | 159 | ' |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Number of Loans | 4 | ' | 4 |
Pre-Modification Outstanding Recorded Investment | 317 | ' | 317 |
Post-Modification Outstanding Recorded Investment | 328 | ' | 328 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | Interest Rate Reductions [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Number of Loans | 2 | ' | 2 |
Pre-Modification Outstanding Recorded Investment | 142 | ' | 142 |
Post-Modification Outstanding Recorded Investment | 158 | ' | 158 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | Principal and Interest Forgiveness [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Number of Loans | 2 | ' | 2 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | Principal and Interest Forgiveness [Member] | Interest [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Pre-Modification Outstanding Recorded Investment | 164 | ' | 164 |
Post-Modification Outstanding Recorded Investment | 149 | ' | 149 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | Principal and Interest Forgiveness [Member] | Principal [Member] | ' | ' | ' |
Troubled Debt Restructurings Modified During Period [Abstract] | ' | ' | ' |
Pre-Modification Outstanding Recorded Investment | 156 | ' | 156 |
Post-Modification Outstanding Recorded Investment | $161 | ' | $161 |
ALLOWANCE_FOR_LOAN_LOSSES_AND_7
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Troubled Debt Restructuring Subsequently Defaulted) (Details) (USD $) | 3 Months Ended | 6 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Jun. 30, 2013 | Jun. 30, 2013 |
Troubled Debt Restructurings that Subsequently Defaulted [Abstract] | ' | ' | ' |
Number of Loans | ' | 0 | 1 |
Recorded Investment | $159 | $0 | $946 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ' | ' | ' |
Troubled Debt Restructurings that Subsequently Defaulted [Abstract] | ' | ' | ' |
Number of Loans | ' | 0 | 1 |
Recorded Investment | ' | $0 | $946 |
ALLOWANCE_FOR_LOAN_LOSSES_AND_8
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Credit Quality Indicators) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | $2,673,327 | $2,535,098 |
Other Commerical Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 72,095 | 70,766 |
Other Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 43,847 | 46,077 |
Commercial and Industrial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 1,036,180 | 901,847 |
Commercial and Industrial Loans [Member] | Working Capital Lines of Credit Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 509,930 | 457,955 |
Commercial and Industrial Loans [Member] | Non-working Capital Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 526,250 | 443,892 |
Commercial Real Estate and Multi-family Residential Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 1,016,728 | 984,877 |
Commercial Real Estate and Multi-family Residential Loans [Member] | Construction and Land Development Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 166,195 | 157,138 |
Commercial Real Estate and Multi-family Residential Loans [Member] | Owner Occupied Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 385,426 | 370,111 |
Commercial Real Estate and Multi-family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 406,228 | 394,236 |
Commercial Real Estate and Multi-family Residential Loans [Member] | Multifamily Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 58,879 | 63,392 |
Agri-business and Agricultural Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 212,774 | 254,125 |
Agri-business and Agricultural Loans [Member] | Loans Secured By Farmland [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 122,523 | 133,460 |
Agri-business and Agricultural Loans [Member] | Loans For Agricultural Production [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 90,251 | 120,665 |
Consumer 1-4 Family Mortgage Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 291,703 | 277,406 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 138,506 | 125,180 |
Consumer 1-4 Family Mortgage Loans [Member] | Open End And Junior Lien Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 146,096 | 147,595 |
Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 7,101 | 4,631 |
Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 2,248,805 | 2,099,984 |
Pass [Member] | Other Commerical Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 72,091 | 70,766 |
Pass [Member] | Other Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 9,191 | 10,722 |
Pass [Member] | Commercial and Industrial Loans [Member] | Working Capital Lines of Credit Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 480,081 | 431,069 |
Pass [Member] | Commercial and Industrial Loans [Member] | Non-working Capital Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 474,237 | 384,415 |
Pass [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Construction and Land Development Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 157,694 | 148,338 |
Pass [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Owner Occupied Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 350,560 | 333,795 |
Pass [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 386,519 | 367,108 |
Pass [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Multifamily Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 58,879 | 63,392 |
Pass [Member] | Agri-business and Agricultural Loans [Member] | Loans Secured By Farmland [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 121,814 | 132,331 |
Pass [Member] | Agri-business and Agricultural Loans [Member] | Loans For Agricultural Production [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 90,251 | 120,665 |
Pass [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 38,026 | 29,092 |
Pass [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Open End And Junior Lien Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 9,462 | 8,291 |
Pass [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 86,647 | 88,848 |
Special Mention [Member] | Other Commerical Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Special Mention [Member] | Other Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 512 | 416 |
Special Mention [Member] | Commercial and Industrial Loans [Member] | Working Capital Lines of Credit Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 17,243 | 15,212 |
Special Mention [Member] | Commercial and Industrial Loans [Member] | Non-working Capital Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 29,215 | 37,727 |
Special Mention [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Construction and Land Development Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 640 | 763 |
Special Mention [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Owner Occupied Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 23,183 | 23,687 |
Special Mention [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 13,549 | 9,180 |
Special Mention [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Multifamily Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Special Mention [Member] | Agri-business and Agricultural Loans [Member] | Loans Secured By Farmland [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Special Mention [Member] | Agri-business and Agricultural Loans [Member] | Loans For Agricultural Production [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Special Mention [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 65 | 0 |
Special Mention [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Open End And Junior Lien Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 2,240 | 1,863 |
Special Mention [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 61,696 | 73,667 |
Substandard [Member] | Other Commerical Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Substandard [Member] | Other Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 78 | 291 |
Substandard [Member] | Commercial and Industrial Loans [Member] | Working Capital Lines of Credit Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 12,606 | 11,674 |
Substandard [Member] | Commercial and Industrial Loans [Member] | Non-working Capital Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 20,388 | 19,659 |
Substandard [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Construction and Land Development Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 7,861 | 8,037 |
Substandard [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Owner Occupied Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 11,683 | 12,629 |
Substandard [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 6,160 | 17,948 |
Substandard [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Multifamily Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Substandard [Member] | Agri-business and Agricultural Loans [Member] | Loans Secured By Farmland [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 694 | 1,113 |
Substandard [Member] | Agri-business and Agricultural Loans [Member] | Loans For Agricultural Production [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Substandard [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 2,226 | 2,316 |
Substandard [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Open End And Junior Lien Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Substandard [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Doubtful [Member] | Other Commerical Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Doubtful [Member] | Other Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Doubtful [Member] | Commercial and Industrial Loans [Member] | Working Capital Lines of Credit Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Doubtful [Member] | Commercial and Industrial Loans [Member] | Non-working Capital Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Doubtful [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Construction and Land Development Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Doubtful [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Owner Occupied Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Doubtful [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Doubtful [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Multifamily Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Doubtful [Member] | Agri-business and Agricultural Loans [Member] | Loans Secured By Farmland [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Doubtful [Member] | Agri-business and Agricultural Loans [Member] | Loans For Agricultural Production [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Doubtful [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Doubtful [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Open End And Junior Lien Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Doubtful [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Not Rated [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 276,179 | 272,599 |
Not Rated [Member] | Other Commerical Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 4 | 0 |
Not Rated [Member] | Other Consumer Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 34,066 | 34,648 |
Not Rated [Member] | Commercial and Industrial Loans [Member] | Working Capital Lines of Credit Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Not Rated [Member] | Commercial and Industrial Loans [Member] | Non-working Capital Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 2,410 | 2,091 |
Not Rated [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Construction and Land Development Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Not Rated [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Owner Occupied Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Not Rated [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Not Rated [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Multifamily Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Not Rated [Member] | Agri-business and Agricultural Loans [Member] | Loans Secured By Farmland [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 15 | 16 |
Not Rated [Member] | Agri-business and Agricultural Loans [Member] | Loans For Agricultural Production [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 0 | 0 |
Not Rated [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 98,189 | 93,772 |
Not Rated [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Open End And Junior Lien Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 134,394 | 137,441 |
Not Rated [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | $7,101 | $4,631 |
ALLOWANCE_FOR_LOAN_LOSSES_AND_9
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Additional Information) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | ||||||
Mar. 31, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Mar. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | |
Number | Commercial and Industrial Loans [Member] | Commercial and Industrial Loans [Member] | Commercial Real Estate and Multi-Family Residential Loans [Member] | Commercial Real Estate and Multi-Family Residential Loans [Member] | Commercial Real Estate and Multi-Family Residential Loans [Member] | Commercial Real Estate and Multi-Family Residential Loans [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Consumer 1-4 Family Mortgage Loans [Member] | ||||||
Troubled Debt Restructuring [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans Modified In Troubled Debt Restructured Loans | ' | ' | $4,800,000 | ' | $8,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount added to total troubled debt restructured loans | ' | 328,000 | ' | 328,000 | ' | 1,800,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Increase (decrease) in allowance for loan loss | ' | ' | ' | ' | ' | ' | 36,000 | 137,000 | 8,000 | 86,000 | 2,000 | 373,000 | 42,000 | 65,000 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 159,000 | 0 | ' | 946,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan amount of credit quality analysis | ' | ' | 250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 2,700,000 | ' | 25,956,000 | ' | 36,245,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number Of Loans Restructured | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recognized charge offs | 2,400,000 | 0 | ' | 365,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from sale of loans | 4,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sale Of Loan | 6,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for Loan and Lease Losses, Period Increase (Decrease) | ' | $80,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
FAIR_VALUE_DISCLOSURES_Assets_
FAIR VALUE DISCLOSURES (Assets and Liabilities Measured At Fair Value on a Recurring Basis) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Mortgage-backed securities | $374,578 | ' |
Total securities | 475,862 | 468,967 |
Mortgage banking derivative | 916 | 367 |
Total assets | 12,655 | 20,303 |
Liabilities | ' | ' |
Mortgage banking derivative | 930 | 592 |
Fair Value, Measurements, Recurring [Member] | ' | ' |
Assets | ' | ' |
U.S. Treasury securities | 1,006 | 1,017 |
Mortgage-backed securities | 374,578 | 371,977 |
State and municipal securities | 100,278 | 95,973 |
Total securities | 475,862 | 468,967 |
Mortgage banking derivative | 183 | 142 |
Interest rate swap derivative | 916 | 627 |
Total assets | 476,961 | 469,736 |
Liabilities | ' | ' |
Mortgage banking derivative | 30 | 2 |
Interest rate swap derivative | 930 | 592 |
Total liabilities | 960 | 594 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets | ' | ' |
Total assets | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Assets | ' | ' |
U.S. Treasury securities | 1,006 | 1,017 |
Mortgage-backed securities | 0 | 0 |
State and municipal securities | 0 | 0 |
Total securities | 1,006 | 1,017 |
Mortgage banking derivative | 0 | 0 |
Interest rate swap derivative | 0 | 0 |
Total assets | 1,006 | 1,017 |
Liabilities | ' | ' |
Mortgage banking derivative | 0 | 0 |
Interest rate swap derivative | 0 | 0 |
Total liabilities | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets | ' | ' |
Total assets | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Assets | ' | ' |
U.S. Treasury securities | 0 | 0 |
Mortgage-backed securities | 374,578 | 371,977 |
State and municipal securities | 99,364 | 94,998 |
Total securities | 473,942 | 466,975 |
Mortgage banking derivative | 183 | 142 |
Interest rate swap derivative | 916 | 627 |
Total assets | 475,041 | 467,744 |
Liabilities | ' | ' |
Mortgage banking derivative | 30 | 2 |
Interest rate swap derivative | 930 | 592 |
Total liabilities | 960 | 594 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets | ' | ' |
Total assets | 12,655 | 20,303 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Assets | ' | ' |
U.S. Treasury securities | 0 | 0 |
Mortgage-backed securities | 0 | 0 |
State and municipal securities | 914 | 975 |
Total securities | 914 | 975 |
Mortgage banking derivative | 0 | 0 |
Interest rate swap derivative | 0 | 0 |
Total assets | 914 | 975 |
Liabilities | ' | ' |
Mortgage banking derivative | 0 | 0 |
Interest rate swap derivative | 0 | 0 |
Total liabilities | $0 | $0 |
FAIR_VALUE_DISCLOSURES_Reconci
FAIR VALUE DISCLOSURES (Reconciliation of All Assets Measured at Fair Value on a Recurring Basis using Significant Unobservable Inputs (Level 3) (Details) (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Non-Agency Residential Mortgage-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Balance | $0 | $2,859 |
Transfers into Level 3 | 0 | 3,334 |
Changes in fair value of securities included in other comprehensive income | 0 | -52 |
Principal payments | 0 | -749 |
Balance | 0 | 5,392 |
State and Municipal Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Balance | 975 | 988 |
Transfers into Level 3 | 0 | 0 |
Changes in fair value of securities included in other comprehensive income | 24 | -9 |
Principal payments | -85 | 0 |
Balance | $914 | $979 |
FAIR_VALUE_DISCLOSURES_Quantit
FAIR VALUE DISCLOSURES (Quantitative Information about Level 3 Fair Value Measurements) (Details) (USD $) | 6 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Total assets | $12,655 | $20,303 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Total assets | 12,655 | 20,303 |
State and Municipal Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Total assets | $914 | $975 |
Valuation Technique | 'Price to type, par, call | 'Price to type, par, call |
State and Municipal Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Discount To Benchmark Index [Member] | Minimum [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range of Inputs | 0.00% | 0.00% |
State and Municipal Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Discount To Benchmark Index [Member] | Maximum [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range of Inputs | 7.00% | 6.00% |
State and Municipal Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Discount To Benchmark Index [Member] | Weighted Average [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range of Inputs | -2.72% | -2.21% |
FAIR_VALUE_DISCLOSURES_Assets_1
FAIR VALUE DISCLOSURES (Assets Measured at Fair Value on a Nonrecurring Basis) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | $12,392 | $20,228 |
Other real estate owned | 263 | 75 |
Total assets | 12,655 | 20,303 |
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 0 | 0 |
Other real estate owned | 0 | 0 |
Total assets | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 0 | 0 |
Other real estate owned | 0 | 0 |
Total assets | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 12,392 | 20,228 |
Other real estate owned | 263 | 75 |
Total assets | 12,655 | 20,303 |
Commercial and Industrial Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 3,867 | 4,017 |
Commercial and Industrial Loans [Member] | Working Capital Lines of Credit Loans [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 1,021 | 920 |
Commercial and Industrial Loans [Member] | Working Capital Lines of Credit Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 0 | 0 |
Commercial and Industrial Loans [Member] | Working Capital Lines of Credit Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 0 | 0 |
Commercial and Industrial Loans [Member] | Working Capital Lines of Credit Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 1,021 | 920 |
Commercial and Industrial Loans [Member] | Non Working Capital Loans [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 2,846 | 3,097 |
Commercial and Industrial Loans [Member] | Non Working Capital Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 0 | 0 |
Commercial and Industrial Loans [Member] | Non Working Capital Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 0 | 0 |
Commercial and Industrial Loans [Member] | Non Working Capital Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 2,846 | 3,097 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 7,413 | 15,106 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and Land Development Loans [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 2,021 | 2,210 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and Land Development Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 0 | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and Land Development Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 0 | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and Land Development Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 2,021 | 2,210 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 1,451 | 3,958 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 0 | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 0 | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 1,451 | 3,958 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 3,941 | 8,938 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Nonowner Occupied Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 0 | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Nonowner Occupied Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 0 | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Nonowner Occupied Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 3,941 | 8,938 |
Agri-business and Agricultural Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 462 | 472 |
Agri-business and Agricultural Loans [Member] | Loans Secured by Farmland [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 462 | 472 |
Agri-business and Agricultural Loans [Member] | Loans Secured by Farmland [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 0 | 0 |
Agri-business and Agricultural Loans [Member] | Loans Secured by Farmland [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 0 | 0 |
Agri-business and Agricultural Loans [Member] | Loans Secured by Farmland [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 462 | 472 |
Consumer 1-4 Family Mortgage Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 613 | 583 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 565 | 409 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 0 | 0 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 0 | 0 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 565 | 409 |
Consumer 1-4 Family Mortgage Loans [Member] | Open End and Junior Lien Loans [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 48 | 174 |
Consumer 1-4 Family Mortgage Loans [Member] | Open End and Junior Lien Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 0 | 0 |
Consumer 1-4 Family Mortgage Loans [Member] | Open End and Junior Lien Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 0 | 0 |
Consumer 1-4 Family Mortgage Loans [Member] | Open End and Junior Lien Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 48 | 174 |
Other Consumer Loans [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 37 | 50 |
Other Consumer Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 37 | 50 |
Other Consumer Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 0 | 0 |
Other Consumer Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | 0 | 0 |
Other Consumer Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | $37 | $50 |
FAIR_VALUE_DISCLOSURES_Valuati
FAIR VALUE DISCLOSURES (Valuation Methodology and Unobservable Inputs for Level 3 Assets) (Details) (USD $) | 6 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Impaired loans | $12,392 | $20,228 |
Commercial and Industrial Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Impaired loans | 3,867 | 4,017 |
Valuation Methodology | 'Collateral based measurements | 'Collateral based measurements |
Unobservable Inputs | 'Discount to reflect current market conditions and ultimate collectability | 'Discount to reflect current market conditions and ultimate collectability |
Commercial and Industrial Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Minimum [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Range of Inputs | 2.00% | 3.00% |
Commercial and Industrial Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Maximum [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Range of Inputs | 58.00% | 93.00% |
Commercial and Industrial Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Weighted Average [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Range of Inputs | 37.00% | 29.00% |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Impaired loans | 7,413 | 15,106 |
Valuation Methodology | 'Collateral based measurements | 'Collateral based measurements |
Unobservable Inputs | 'Discount to reflect current market conditions and ultimate collectability | 'Discount to reflect current market conditions and ultimate collectability |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Minimum [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Range of Inputs | 2.00% | 3.00% |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Maximum [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Range of Inputs | 63.00% | 45.00% |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Weighted Average [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Range of Inputs | 18.00% | 22.00% |
Agri-business and Agricultural Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Impaired loans | 462 | 472 |
Valuation Methodology | 'Collateral based measurements | 'Collateral based measurements |
Unobservable Inputs | 'Discount to reflect current market conditions and ultimate collectability | 'Discount to reflect current market conditions and ultimate collectability |
Agri-business and Agricultural Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Minimum [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Range of Inputs | 2.00% | 4.00% |
Agri-business and Agricultural Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Maximum [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Range of Inputs | 10.00% | 12.00% |
Agri-business and Agricultural Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Weighted Average [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Range of Inputs | 5.00% | 8.00% |
Consumer 1-4 Family Mortgage Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Impaired loans | 613 | 583 |
Valuation Methodology | 'Collateral based measurements | 'Collateral based measurements |
Unobservable Inputs | 'Discount to reflect current market conditions and ultimate collectability | 'Discount to reflect current market conditions and ultimate collectability |
Consumer 1-4 Family Mortgage Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Minimum [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Range of Inputs | 5.00% | 6.00% |
Consumer 1-4 Family Mortgage Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Maximum [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Range of Inputs | 77.00% | 77.00% |
Consumer 1-4 Family Mortgage Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Weighted Average [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Range of Inputs | 26.00% | 33.00% |
Other Consumer Loans [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Impaired loans | 37 | 50 |
Other Consumer Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Impaired loans | 37 | 50 |
Valuation Methodology | 'Collateral based measurements | 'Collateral based measurements |
Unobservable Inputs | 'Discount to reflect current market conditions and ultimate collectability | 'Discount to reflect current market conditions and ultimate collectability |
Other Consumer Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Minimum [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Range of Inputs | 31.00% | 28.00% |
Other Consumer Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Maximum [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Range of Inputs | 46.00% | 98.00% |
Other Consumer Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Weighted Average [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Range of Inputs | 39.00% | 53.00% |
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Impaired loans | $263 | $75 |
Valuation Methodology | 'Appraisals | 'Appraisals |
Unobservable Inputs | 'Discount to reflect current market conditions | 'Discount to reflect current market conditions and ultimate collectability |
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Minimum [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Range of Inputs | 18.00% | ' |
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Maximum [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Range of Inputs | 49.00% | ' |
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | Weighted Average [Member] | ' | ' |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ' | ' |
Range of Inputs | 30.00% | 49.00% |
FAIR_VALUE_DISCLOSURES_Estimat
FAIR VALUE DISCLOSURES (Estimated Fair Values And The Related Carrying Values Of Financial Instruments) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financial Assets: | ' | ' |
Securities available for sale | $475,862 | $468,967 |
Financial Liabilities: | ' | ' |
Federal funds purchased | 0 | -11,000 |
Carrying Value [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and cash equivalents | 160,402 | 63,105 |
Securities available for sale | 475,862 | 468,967 |
Real estate mortgages held for sale | 1,069 | 1,778 |
Loans, net | 2,627,722 | 2,486,301 |
Federal Home Loan Bank stock | 7,312 | 7,312 |
Federal Reserve Bank stock | 3,420 | 3,420 |
Accrued interest receivable | 8,970 | 8,577 |
Financial Liabilities: | ' | ' |
Certificates of deposit | -879,489 | -727,809 |
All other deposits | -1,948,256 | -1,818,259 |
Securities sold under agreements to repurchase | -92,961 | -104,876 |
Federal funds purchased | 0 | -11,000 |
Other short-term borrowings | -110,000 | -146,000 |
Long-term borrowings | -35 | -37 |
Subordinated debentures | -30,928 | -30,928 |
Standby letters of credit | -286 | -312 |
Accrued interest payable | -2,996 | -2,918 |
Estimated Fair Value [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and cash equivalents | 160,402 | 63,105 |
Securities available for sale | 475,862 | 468,967 |
Real estate mortgages held for sale | 1,108 | 1,800 |
Loans, net | 2,614,925 | 2,490,593 |
Federal Home Loan Bank stock | 0 | 0 |
Federal Reserve Bank stock | 0 | 0 |
Accrued interest receivable | 8,970 | 8,577 |
Financial Liabilities: | ' | ' |
Certificates of deposit | -886,194 | -736,088 |
All other deposits | -1,948,256 | -1,818,259 |
Securities sold under agreements to repurchase | -92,961 | -104,876 |
Federal funds purchased | 0 | -11,000 |
Other short-term borrowings | -109,997 | -146,002 |
Long-term borrowings | -41 | -43 |
Subordinated debentures | -31,227 | -31,217 |
Standby letters of credit | -286 | -312 |
Accrued interest payable | -2,996 | -2,918 |
Estimated Fair Value [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and cash equivalents | 160,402 | 63,105 |
Securities available for sale | 1,006 | 1,017 |
Real estate mortgages held for sale | 0 | 0 |
Loans, net | 0 | 0 |
Federal Home Loan Bank stock | 0 | 0 |
Federal Reserve Bank stock | 0 | 0 |
Accrued interest receivable | 6 | 0 |
Financial Liabilities: | ' | ' |
Certificates of deposit | 0 | 0 |
All other deposits | -1,948,256 | -1,818,259 |
Securities sold under agreements to repurchase | 0 | 0 |
Federal funds purchased | 0 | 0 |
Other short-term borrowings | 0 | 0 |
Long-term borrowings | 0 | 0 |
Subordinated debentures | 0 | 0 |
Standby letters of credit | 0 | 0 |
Accrued interest payable | -109 | -125 |
Estimated Fair Value [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and cash equivalents | 0 | 0 |
Securities available for sale | 473,942 | 466,975 |
Real estate mortgages held for sale | 1,108 | 1,800 |
Loans, net | 0 | 0 |
Federal Home Loan Bank stock | 0 | 0 |
Federal Reserve Bank stock | 0 | 0 |
Accrued interest receivable | 2,255 | 2,297 |
Financial Liabilities: | ' | ' |
Certificates of deposit | -886,194 | -736,088 |
All other deposits | 0 | 0 |
Securities sold under agreements to repurchase | -92,961 | -104,876 |
Federal funds purchased | 0 | -11,000 |
Other short-term borrowings | -109,997 | -146,002 |
Long-term borrowings | -41 | -43 |
Subordinated debentures | 0 | 0 |
Standby letters of credit | 0 | 0 |
Accrued interest payable | -2,884 | -2,790 |
Estimated Fair Value [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Financial Assets: | ' | ' |
Cash and cash equivalents | 0 | 0 |
Securities available for sale | 914 | 975 |
Real estate mortgages held for sale | 0 | 0 |
Loans, net | 2,614,925 | 2,490,593 |
Federal Home Loan Bank stock | 0 | 0 |
Federal Reserve Bank stock | 0 | 0 |
Accrued interest receivable | 6,709 | 6,280 |
Financial Liabilities: | ' | ' |
Certificates of deposit | 0 | 0 |
All other deposits | 0 | 0 |
Securities sold under agreements to repurchase | 0 | 0 |
Federal funds purchased | 0 | 0 |
Other short-term borrowings | 0 | 0 |
Long-term borrowings | 0 | 0 |
Subordinated debentures | -31,227 | -31,217 |
Standby letters of credit | -286 | -312 |
Accrued interest payable | ($3) | ($3) |
FAIR_VALUE_DISCLOSURES_Additio
FAIR VALUE DISCLOSURES (Additional Information) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | |||||||||||||||||||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2012 | Mar. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | |
Non Agency Residential Mortgage Backed Securities [Member] | State and Municipal Securities [Member] | State and Municipal Securities [Member] | Commercial Real Estates [Member] | Commercial Real Estates [Member] | Inventory Finished Goods [Member] | Inventory Finished Goods [Member] | Finished Goods [Member] | Finished Goods [Member] | Inventory Work In Process [Member] | Inventory Work In Process [Member] | Equipment [Member] | Equipment [Member] | Marketable Securities [Member] | Marketable Securities [Member] | Impaired Loans [Member] | Impaired Loans [Member] | Impaired Loans [Member] | Impaired Loans [Member] | Other Real Estate Owned [Member] | |||||||||
Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | |||||||||||||||||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | |||||||||||||||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mortgage servicing rights | $3,200,000 | ' | $3,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of discount from appraised value (in hundredths) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | 50.00% | 35.00% | 65.00% | 30.00% | 60.00% | 50.00% | 100.00% | 30.00% | 70.00% | 10.00% | 30.00% | ' | ' | ' | ' | ' |
Weighted average interest rate, residential mortgages (in hundredths) | ' | ' | 4.10% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average maturity of residential mortgages | ' | ' | '19 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Discount rate used to estimate fair value (in hundredths) | ' | ' | 9.40% | ' | 9.40% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Subtotal | 2,673,869,000 | ' | 2,673,869,000 | ' | 2,535,728,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16,500,000 | 30,300,000 | 16,500,000 | 30,300,000 | 376,000 |
Valuation allowance | 45,605,000 | 50,635,000 | 45,605,000 | 50,635,000 | 48,797,000 | 46,137,000 | 50,818,000 | 51,445,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,100,000 | 7,500,000 | 4,100,000 | 7,500,000 | 113,000 |
Recoveries | 123,000 | 186,000 | 214,000 | 765,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | 200,000 | 2,200,000 | 2,500,000 | ' |
Fair Value, Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 | ' | ' | ' | ' | ' | ' | ' | ' | 3,300,000 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans, Net Of Allowance For Loan Losses Of 53,400 and 45,007 | 2,627,722,000 | ' | 2,627,722,000 | ' | 2,486,301,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 263,000 |
Loans and Leases Receivable, Other, Allowance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $41,000 |
EMPLOYEE_BENEFIT_PLANS_Compone
EMPLOYEE BENEFIT PLANS (Components of Net Periodic Benefit Cost) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' |
Interest cost | $30 | $26 | $60 | $58 |
Expected return on plan assets | -32 | -25 | -63 | -60 |
Recognized net actuarial (gain) loss | 30 | 41 | 59 | 75 |
Net pension expense (benefit) | 28 | 42 | 56 | 73 |
Supplemental Employee Retirement Plans, Defined Benefit [Member] | ' | ' | ' | ' |
Interest cost | 13 | 10 | 25 | 23 |
Expected return on plan assets | -18 | -18 | -36 | -37 |
Recognized net actuarial (gain) loss | 20 | 25 | 40 | 46 |
Net pension expense (benefit) | $15 | $17 | $29 | $32 |
EMPLOYEE_BENEFIT_PLANS_Additio
EMPLOYEE BENEFIT PLANS (Additional Information) (Details) (USD $) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2014 | Dec. 31, 2013 | |
Additional contributions to benefit plan | $138,000 | ' |
Pension Plan, Defined Benefit [Member] | ' | ' |
Estimated future employer contributions in next fiscal year | 69,000 | 207,000 |
Supplemental Employee Retirement Plan, Defined Benefit [Member] | ' | ' |
Estimated future employer contributions in next fiscal year | $4,000 | $4,000 |
OFFSETTING_ASSETS_AND_LIABILIT2
OFFSETTING ASSETS AND LIABILITIES (Derivatives Assets And Liability) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Off Setting Derivative Assets [Abstract] | ' | ' |
Gross Amounts of Recognized Assets | $916 | $627 |
Gross Amounts Offset in the Statement of Financial Position | 0 | 0 |
Net Amounts of Assets presented in the Statement of Financial Position | 916 | 627 |
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments | 0 | 0 |
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received | 0 | -260 |
Net Amount | 916 | 367 |
Offsetting Derivative Liabilities [Abstract] | ' | ' |
Gross Amounts of Recognized Liabilities | 93,891 | 105,468 |
Gross Amounts Offset in the Statement of Financial Position | 0 | 0 |
Net Amounts of Liabilities presented in the Statement of Financial Position | 93,891 | 105,468 |
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments | -92,961 | -104,876 |
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Pledged | 0 | 0 |
Net Amount | 930 | 592 |
Interest Rate Swap [Member] | ' | ' |
Off Setting Derivative Assets [Abstract] | ' | ' |
Gross Amounts of Recognized Assets | 916 | 627 |
Gross Amounts Offset in the Statement of Financial Position | 0 | 0 |
Net Amounts of Assets presented in the Statement of Financial Position | 916 | 627 |
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments | 0 | 0 |
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received | 0 | -260 |
Net Amount | 916 | 367 |
Offsetting Derivative Liabilities [Abstract] | ' | ' |
Gross Amounts of Recognized Liabilities | 930 | 592 |
Gross Amounts Offset in the Statement of Financial Position | 0 | 0 |
Net Amounts of Liabilities presented in the Statement of Financial Position | 930 | 592 |
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments | 0 | 0 |
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Pledged | 0 | 0 |
Net Amount | 930 | 592 |
Repurchase Agreements [Member] | ' | ' |
Offsetting Derivative Liabilities [Abstract] | ' | ' |
Gross Amounts of Recognized Liabilities | 92,961 | 104,876 |
Gross Amounts Offset in the Statement of Financial Position | 0 | 0 |
Net Amounts of Liabilities presented in the Statement of Financial Position | 92,961 | 104,876 |
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments | -92,961 | -104,876 |
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Pledged | 0 | 0 |
Net Amount | $0 | $0 |
EARNINGS_PER_SHARE_Earnings_Pe
EARNINGS PER SHARE (Earnings Per Share Computations) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Weighted average shares outstanding for basic earnings per common share | 16,536,112 | 16,425,382 | 16,524,079 | 16,411,695 |
Dilutive effect of stock options, awards and warrants | 202,957 | 121,165 | 205,400 | 112,555 |
Weighted average shares outstanding for diluted earnings per common share | 16,739,069 | 16,546,547 | 16,729,479 | 16,524,250 |
Basic earnings per common share | $0.68 | $0.56 | $1.28 | $1.13 |
Diluted earnings per common share | $0.68 | $0.56 | $1.27 | $1.12 |
ACCUMULATED_OTHER_COMPREHENSIV2
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Changes in Accumulated Other Comprehensive Income By Component) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax [Abstract] | ' | ' | ' | ' | ' |
Unrealized Gains and Losses on Available- for-Sales Securities, Opening Balance | ' | ' | ($1,138) | $7,517 | $7,517 |
Unrealized Gains and Losses on Available- for-Sales Securities, Other comprehensive income before reclassification | ' | ' | 5,760 | ' | -8,591 |
Unrealized Gains and Losses on Available- for-Sales Securities, Amounts reclassified from accumulated other comprehensive income (loss) | ' | ' | -4 | ' | -64 |
Unrealized Gains and Losses on Available- for-Sales Securities,Net current period other comprehensive income | ' | ' | 5,756 | ' | -8,655 |
Unrealized Gains and Losses on Available- for-Sales Securities, Ending Balance | 4,618 | ' | 4,618 | ' | -1,138 |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax [Abstract] | ' | ' | ' | ' | ' |
Defined Benefit Pension Items, Opening Balance | ' | ' | -1,356 | -1,828 | -1,828 |
Defined Benefit Pension Items, Other comprehensive income before reclassification | ' | ' | 31 | ' | 327 |
Defined Benefit Pension Items, Amounts reclassified from accumulated other comprehensive income (loss) | ' | ' | 59 | ' | 145 |
Defined Benefit Pension Items, Net current period other comprehensive income | ' | ' | 90 | ' | 472 |
Defined Benefit Pension Items, Ending Balance | -1,266 | ' | -1,266 | ' | -1,356 |
Accumulated other comprehensive income, Opening Balance | ' | ' | -2,494 | 5,689 | 5,689 |
Other comprehensive income (loss) before reclassification | ' | ' | 5,791 | ' | -8,264 |
Amounts reclassified from accumulated other comprehensive income (loss) | ' | ' | 55 | ' | 81 |
Net current period other comprehensive income | 2,898 | -5,613 | 5,846 | -6,314 | -8,183 |
Accumulated other comprehensive income, Ending Balance | $3,352 | ' | $3,352 | ' | ($2,494) |
ACCUMULATED_OTHER_COMPREHENSIV3
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Reclassification Adjustment) (Details) (USD $) | 6 Months Ended | 12 Months Ended | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Amount Reclassified From Accumulated Other Comprehensive Income [Member] | Amount Reclassified From Accumulated Other Comprehensive Income [Member] | Amount Reclassified From Accumulated Other Comprehensive Income [Member] | Amount Reclassified From Accumulated Other Comprehensive Income [Member] | |||
Unrealized gains and losses on available-for-sale securities | ' | ' | ' | ' | ' | ' |
Net securities gains (losses) | ' | ' | $4 | $0 | $4 | $1 |
Income tax expense | -4 | -64 | 0 | 0 | 0 | 0 |
Net of tax | ' | ' | 4 | 0 | 4 | 1 |
Amortization of defined benefit pension items | ' | ' | ' | ' | ' | ' |
Salaries and employee benefits | ' | ' | -50 | -66 | -99 | -121 |
Income tax expense | ' | ' | 21 | 27 | 40 | 49 |
Net of tax | ' | ' | -29 | -39 | -59 | -72 |
Total reclassifications for the period | ($55) | ($81) | ($25) | ($39) | ($55) | ($71) |