Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Oct. 31, 2013 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Document Fiscal Year Focus | '2013 | ' |
Entity Registrant Name | 'FRANKLIN FINANCIAL SERVICES CORP /PA/ | ' |
Entity Central Index Key | '0000723646 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 4,149,542 |
Trading Symbol | 'fraf | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Cash and due from banks | $22,475 | $20,578 |
Interest-bearing deposits in other banks | 39,158 | 57,256 |
Total cash and cash equivalents | 61,633 | 77,834 |
Investment securities available for sale, at fair value | 162,761 | 133,328 |
Restricted stock | 1,906 | 3,571 |
Loans held for sale | 446 | 67 |
Loans | 720,151 | 753,579 |
Allowance for loan losses | -11,376 | -10,379 |
Net Loans | 708,775 | 743,200 |
Premises and equipment, net | 16,408 | 17,037 |
Bank owned life insurance | 21,379 | 20,925 |
Goodwill | 9,016 | 9,016 |
Other intangible assets | 804 | 1,123 |
Other real estate owned | 4,738 | 5,127 |
Deferred tax assets | 6,441 | 5,461 |
Other assets | 8,963 | 10,674 |
Total assets | 1,003,270 | 1,027,363 |
Deposits | ' | ' |
Noninterest-bearing checking | 122,874 | 123,623 |
Money management, savings and interest-bearing checking | 613,798 | 572,698 |
Time | 129,146 | 178,119 |
Total Deposits | 865,818 | 874,440 |
Securities sold under agreements to repurchase | 23,870 | 42,209 |
Long-term debt | 12,405 | 12,410 |
Other liabilities | 7,811 | 6,670 |
Total liabilities | 909,904 | 935,729 |
Stockholders' equity | ' | ' |
Common stock, $1 par value per share,15,000,000 shares authorized with 4,539,996 shares issued and 4,147,969 shares outstanding at September 30, 2013 and 4,503,380 shares issued and 4,107,346 shares outstanding at December 31, 2012 | 4,540 | 4,503 |
Capital stock without par value, 5,000,000 shares authorized with no shares issued and outstanding | ' | ' |
Additional paid-in capital | 36,313 | 35,788 |
Retained earnings | 65,463 | 62,475 |
Accumulated other comprehensive loss | -5,940 | -4,050 |
Treasury stock, 392,027 shares at September 30, 2013 and 396,034 shares at December 31, 2012, at cost | -7,010 | -7,082 |
Total shareholders' equity | 93,366 | 91,634 |
Total liabilities and shareholders' equity | $1,003,270 | $1,027,363 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Consolidated Balance Sheets [Abstract] | ' | ' |
Common Stock, Par or Stated Value Per Share | $1 | $1 |
Common Stock, Shares Authorized | 15,000,000 | 15,000,000 |
Common Stock, Shares, Issued | 4,539,996 | 4,503,380 |
Common Stock, Shares, Outstanding | 4,147,969 | 4,107,346 |
Capital stock, no par value | ' | ' |
Capital Stock, Shares Authorized | 5,000,000 | 5,000,000 |
Capital Stock, Shares, Issued | 0 | 0 |
Capital Stock, Shares, Outstanding | 0 | 0 |
Treasury Stock, Shares | 392,027 | 396,034 |
Consolidated_Statements_Of_Inc
Consolidated Statements Of Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Interest income | ' | ' | ' | ' |
Loans, including fees | $8,019 | $8,826 | $24,351 | $27,035 |
Interest and dividend on investments: | ' | ' | ' | ' |
Taxable interest | 476 | 445 | 1,194 | 1,328 |
Tax exempt interest | 378 | 380 | 1,135 | 1,112 |
Dividend income | 19 | 18 | 59 | 53 |
Deposits and obligations of other banks | 49 | 59 | 180 | 152 |
Total interest income | 8,941 | 9,728 | 26,919 | 29,680 |
Interest expense | ' | ' | ' | ' |
Deposits | 811 | 1,262 | 3,076 | 4,020 |
Securities sold under agreements to repurchase | 10 | 20 | 40 | 59 |
Long-term debt | 124 | 410 | 367 | 1,390 |
Total interest expense | 945 | 1,692 | 3,483 | 5,469 |
Net interest income | 7,996 | 8,036 | 23,436 | 24,211 |
Provision for loan losses | 350 | 825 | 1,955 | 3,600 |
Net interest income after provision for loan losses | 7,646 | 7,211 | 21,481 | 20,611 |
Noninterest income | ' | ' | ' | ' |
Investment and trust services fees | 1,140 | 957 | 3,288 | 2,984 |
Loan service charges | 232 | 328 | 674 | 869 |
Mortgage banking activities | 18 | -27 | 36 | -8 |
Deposit service charges and fees | 472 | 479 | 1,359 | 1,432 |
Other service charges and fees | 232 | 209 | 687 | 657 |
Debit card income | 315 | 288 | 917 | 859 |
Increase in cash surrender value of life insurance | 150 | 159 | 455 | 493 |
Other real estate owned (losses) gains, net | -119 | -197 | -260 | -169 |
Other | 89 | 40 | 179 | 154 |
OTTI losses recognized in earnings | -25 | -50 | -75 | -50 |
Securities gains, net | ' | 23 | 30 | 44 |
Total noninterest income | 2,504 | 2,209 | 7,290 | 7,265 |
Noninterest expense | ' | ' | ' | ' |
Salaries and employee benefits | 3,977 | 4,141 | 12,208 | 12,097 |
Net occupancy expense | 566 | 499 | 1,702 | 1,510 |
Furniture and equipment expense | 239 | 226 | 730 | 653 |
Advertising | 386 | 315 | 1,039 | 1,024 |
Legal and professional fees | 233 | 252 | 871 | 791 |
Data processing | 472 | 382 | 1,317 | 1,234 |
Pennsylvania bank shares tax | 204 | 187 | 612 | 560 |
Intangible amortization | 106 | 109 | 319 | 327 |
FDIC insurance | 245 | 274 | 760 | 803 |
ATM/debit card processing | 174 | 162 | 520 | 468 |
Other | 780 | 808 | 2,513 | 2,495 |
Total noninterest expense | 7,382 | 7,355 | 22,591 | 21,962 |
Income before federal income taxes | 2,768 | 2,065 | 6,180 | 5,914 |
Federal income tax expense | 583 | 318 | 1,089 | 893 |
Net income | $2,185 | $1,747 | $5,091 | $5,021 |
Per share | ' | ' | ' | ' |
Basic earnings per share | $0.53 | $0.43 | $1.23 | $1.24 |
Diluted earnings per share | $0.53 | $0.43 | $1.23 | $1.24 |
Cash dividends declared | $0.17 | $0.17 | $0.51 | $0.61 |
Consolidated_Statements_Of_Com
Consolidated Statements Of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Consolidated Statements Of Comprehensive Income [Abstract] | ' | ' | ' | ' | ||||
Net income | $2,185 | $1,747 | $5,091 | $5,021 | ||||
Securities: | ' | ' | ' | ' | ||||
Unrealized (losses) gains arising during the period | -1,772 | 558 | -3,362 | 1,058 | ||||
Reclassification adjustment for net losses (gains) included in net income | 25 | 27 | 45 | 6 | ||||
Net unrealized (losses) gains | -1,747 | 585 | -3,317 | 1,064 | ||||
Tax effect | 594 | -199 | 1,128 | -362 | ||||
Net of tax amount | -1,153 | 386 | -2,189 | 702 | ||||
Derivatives: | ' | ' | ' | ' | ||||
Unrealized gains (losses) arising during the period | -20 | -33 | 24 | -97 | ||||
Reclassification adjustment for losses included in net income | 97 | [1] | 192 | [1] | 429 | [1] | 551 | [1] |
Net unrealized gains | 77 | 159 | 453 | 454 | ||||
Tax effect | -26 | -53 | -154 | -153 | ||||
Net of tax amount | 51 | 106 | 299 | 301 | ||||
Total other comprehensive (loss) income | -1,102 | 492 | -1,890 | 1,003 | ||||
Total Comprehensive Income | 1,083 | 2,239 | 3,201 | 6,024 | ||||
Derivative/interest expense on deposits | ($33) | ($65) | ($146) | ($187) | ||||
[1] | Derivatives/interest expense on deposits |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Shareholders' Equity (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Loss [Member] | Treasury Stock [Member] | Total |
In Thousands | ||||||
Balance at Dec. 31, 2011 | $4,419 | $34,698 | $60,280 | ($5,131) | ($7,084) | $87,182 |
Net income | ' | ' | 5,021 | ' | ' | 5,021 |
Other comprehensive income (loss) | ' | ' | ' | 1,003 | ' | 1,003 |
Cash dividends declared | ' | ' | -2,474 | ' | ' | -2,474 |
Common stock issued under stock option plan | ' | ' | ' | ' | 1 | 1 |
Common stock issued under dividend reinvestment plan | 70 | 901 | ' | ' | ' | 971 |
Balance at Sep. 30, 2012 | 4,489 | 35,599 | 62,827 | -4,128 | -7,083 | 91,704 |
Balance at Dec. 31, 2012 | 4,503 | 35,788 | 62,475 | -4,050 | -7,082 | 91,634 |
Net income | ' | ' | 5,091 | ' | ' | 5,091 |
Other comprehensive income (loss) | ' | ' | ' | -1,890 | ' | -1,890 |
Cash dividends declared | ' | ' | -2,103 | ' | ' | -2,103 |
Treasury shares issued under stock option plans | ' | -20 | ' | ' | 72 | 52 |
Common stock issued under dividend reinvestment plan | 37 | 545 | ' | ' | ' | 582 |
Balance at Sep. 30, 2013 | $4,540 | $36,313 | $65,463 | ($5,940) | ($7,010) | $93,366 |
Recovered_Sheet1
Consolidated Statements Of Changes In Shareholders' Equity (Parenthetical) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Common Stock, Dividends, Per Share, Declared | $0.51 | $0.61 |
Common stock issued under stock option plan, shares | ' | 92 |
Treasury shares issued under stock option plan, shares | 4,007 | ' |
Common Stock [Member] | ' | ' |
Common stock issued under dividend reinvestment plan, shares | 36,616 | 69,652 |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Cash flows from operating activities | ' | ' |
Net income | $5,091 | $5,021 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 1,118 | 1,053 |
Net amortization of loans and investment securities | 1,525 | 1,060 |
Amortization and net change in mortgage servicing rights valuation | 39 | 116 |
Amortization of intangibles | 319 | 327 |
Provision for loan losses | 1,955 | 3,600 |
Net realized gains on sales of securities | -30 | -44 |
Impairment writedown on securities recognized in earnings | 75 | 50 |
Loans originated for sale | -7,859 | -10,241 |
Proceeds from sale of loans | 7,480 | 9,250 |
Writedown on other real estate owned | 256 | ' |
Net loss gain on sale or disposal of other real estate/other repossessed assets | 4 | 169 |
Increase in cash surrender value of life insurance | -455 | -493 |
Contribution to pension plan | ' | -783 |
Decrease in interest receivable and other assets | 1,625 | 2,549 |
Increase in interest payable and other liabilities | 1,108 | -1,160 |
Other, net | 482 | 184 |
Net cash provided by operating activities | 12,733 | 10,658 |
Cash flows from investing activities | ' | ' |
Proceeds from sales and calls of investment securities available for sale | 5,819 | 516 |
Proceeds from maturities and paydowns of investment securities available for sale | 25,161 | 27,330 |
Purchase of investment securities available for sale | -65,315 | -36,598 |
Net decrease in restricted stock | 1,665 | 918 |
Net decrease in loans | 32,092 | 6,601 |
Proceeds from sale of other real estate/other repossessed assets | 518 | 788 |
Capital expenditures | -439 | -1,112 |
Net cash used in investing activities | -499 | -1,557 |
Cash flows from financing activities | ' | ' |
Net increase in demand deposits, interest-bearing and savings accounts | 40,351 | 66,518 |
Net (decrease) increase in time deposits | -48,973 | 3,322 |
Net (decrease) increase in repurchase agreements | -18,339 | 3,048 |
Long-term debt payments | -5 | -10,414 |
Dividends paid | -2,103 | -2,474 |
Treasury stock issued under stock option plans | 52 | 1 |
Common stock issued under dividend reinvestment plan | 582 | 971 |
Net cash (used in) provided by financing activities | -28,435 | 60,972 |
(Decrease) increase in cash and cash equivalents | -16,201 | 70,073 |
Cash and cash equivalents as of January 1 | 77,834 | 34,144 |
Cash and cash equivalents as of September 30 | 61,633 | 104,217 |
Cash Paid During The Year For: | ' | ' |
Interest on deposits and other borrowed funds | 3,483 | 3,453 |
Income taxes | 300 | ' |
Noncash Activities | ' | ' |
Loans transferred to Other Real Estate | $390 | $3,909 |
Basis_Of_Presentation
Basis Of Presentation | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Basis Of Presentation [Abstract] | ' | |||||||||||
Basis Of Presentation | ' | |||||||||||
Note 1 - Basis of Presentation | ||||||||||||
The consolidated financial statements include the accounts of Franklin Financial Services Corporation (the Corporation), and its wholly-owned subsidiaries, Farmers and Merchants Trust Company of Chambersburg (the Bank) and Franklin Future Fund Inc. Farmers and Merchants Trust Company of Chambersburg is a commercial bank that has one wholly-owned subsidiary, Franklin Financial Properties Corp. Franklin Financial Property Corp. holds real estate assets that are leased by the Bank. Franklin Future Fund Inc. is a non-bank investment company. The activities of non-bank entities are not significant to the consolidated totals. All significant intercompany transactions and account balances have been eliminated. | ||||||||||||
In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the consolidated financial position, results of operations, and cash flows as of September 30, 2013, and for all other periods presented have been made. | ||||||||||||
Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted. It is suggested that these consolidated financial statements be read in conjunction with the audited consolidated financial statements and notes thereto included in the Corporation’s 2012 Annual Report on Form 10-K. The consolidated results of operations for the period ended September 30, 2013 are not necessarily indicative of the operating results for the full year. Management has evaluated subsequent events for potential recognition and/or disclosure through the date these consolidated financial statements were issued. | ||||||||||||
The consolidated financial information at December 31, 2012 has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by GAAP for complete consolidated financial statements. | ||||||||||||
For purposes of reporting cash flows, cash and cash equivalents include cash and due from banks, interest-bearing deposits in other banks and federal funds sold. Generally, federal funds are purchased and sold for one-day periods. | ||||||||||||
Earnings per share are computed based on the weighted average number of shares outstanding during each period end. A reconciliation of the weighted average shares outstanding used to calculate basic earnings per share and diluted earnings per share follows: | ||||||||||||
For the Three Months Ended | For the Nine Months Ended | |||||||||||
30-Sep | 30-Sep | |||||||||||
(Dollars and shares in thousands, except per share data) | 2013 | 2012 | 2013 | 2012 | ||||||||
Weighted average shares outstanding (basic) | 4,142 | 4,083 | 4,127 | 4,063 | ||||||||
Impact of common stock equivalents | 2 | 3 | 5 | 1 | ||||||||
Weighted average shares outstanding (diluted) | 4,144 | 4,086 | 4,132 | 4,064 | ||||||||
Anti-dilutive options excluded from calculation | 56 | 72 | 57 | 93 | ||||||||
Net income | $ | 2,185 | $ | 1,747 | $ | 5,091 | $ | 5,021 | ||||
Basic earnings per share | $ | 0.53 | $ | 0.43 | $ | 1.23 | $ | 1.24 | ||||
Diluted earnings per share | $ | 0.53 | $ | 0.43 | $ | 1.23 | $ | 1.24 | ||||
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Recent Accounting Pronouncements [Abstract] | ' | |||||||||||||||
Recent Accounting Pronouncements | ' | |||||||||||||||
Note 2. Recent Accounting Pronouncements | ||||||||||||||||
Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. ASU 2013-11 “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists,” require an entity with an unrecognized tax benefit that is ‘not available’ or not intended to be used at the reporting date to present the unrecognized tax benefit as a liability that should not be combined with deferred tax assets. Otherwise, the unrecognized tax benefit should be presented as a reduction to the related deferred tax asset. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The amendments in ASU 2013-11 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The Corporation does not believe ASU 2013-11 will have a material effect on its financial statements. | ||||||||||||||||
Derivatives and Hedging (Topic 815): Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes. ASU 2013-10 “Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes,” permit the use of the Fed Funds Effective Swap Rate (also referred to as the Overnight Index Swap Rate, or OIS) as a benchmark interest rate for hedge accounting purposes. Previous U.S. GAAP permitted only the interest rates on direct U.S. Treasury obligations and, for practical reasons, the LIBOR swap rate to be used as benchmark interest rates. ASU 2013-10 is effective prospectively for qualifying new or redesignated hedging relationship entered into on or after July 17, 2013. | ||||||||||||||||
Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. ASU 2013-02 “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income,” requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. The amendments are effective prospectively for reporting periods beginning after December 15, 2012. The Corporation adopted this ASU at March 31, 2013. | ||||||||||||||||
Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. The objective of this ASU is to address the limitation of ASU 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities. This ASU clarifies that the scope of ASU 2011-11 applies to derivatives accounted for in accordance with Topic 815, Derivatives and Hedging, which includes bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements. It also applies to securities borrowing and lending transactions that are offset in accordance with Section 210-20-45 or Section 215-10-45 or subject to an enforceable master netting arrangement or similar agreement. This Update will provide users of financial statements with comparable information as it relates to certain reconciling differences between financial statements prepared in accordance with U.S. GAAP and those prepared in accordance with International Financial Reporting Standards. This update requires that the gross amounts of the asset and offsetting liabilities be disclosed in the notes to the financial statements. The provisions of this ASU are effective for fiscal years beginning on or after January 1, 2013 and interim periods within those annual periods, the same effective date as Update 2011-11. The required disclosures are to be retrospectively applied for all comparative periods presented. The Corporation adopted this ASU at March 31, 2013. | ||||||||||||||||
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Loss | 9 Months Ended | |||||
Sep. 30, 2013 | ||||||
Accumulated Other Comprehensive Loss [Abstract] | ' | |||||
Accumulated Other Comprehensive Loss | ' | |||||
Note 3. Accumulated Other Comprehensive Loss | ||||||
The components of accumulated other comprehensive loss included in shareholders' equity are as follows: | ||||||
30-Sep | 31-Dec | |||||
2013 | 2012 | |||||
(Dollars in thousands) | ||||||
Net unrealized gains (losses) on securities | $ | -774 | $ | 2,543 | ||
Tax effect | 263 | -865 | ||||
Net of tax amount | -511 | 1,678 | ||||
Net unrealized losses on derivatives | -650 | -1,103 | ||||
Tax effect | 221 | 375 | ||||
Net of tax amount | -429 | -728 | ||||
Accumulated pension adjustment | -7,576 | -7,576 | ||||
Tax effect | 2,576 | 2,576 | ||||
Net of tax amount | -5,000 | -5,000 | ||||
Total accumulated other comprehensive loss | $ | -5,940 | $ | -4,050 | ||
Guarantees
Guarantees | 9 Months Ended |
Sep. 30, 2013 | |
Guarantees [Abstract] | ' |
Guarantees | ' |
Note 4. Guarantees | |
The Corporation does not issue any guarantees that would require liability recognition or disclosure, other than its standby letters of credit. Standby letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. Generally, all letters of credit, when issued, have expiration dates within one year. The credit risk involved in issuing letters of credit is essentially the same as those that are involved in extending loan facilities to customers. The Bank generally holds collateral and/or personal guarantees supporting these commitments. The Bank had $20.4 million and $28.2 million of standby letters of credit as of September 30, 2013 and December 31, 2012, respectively. Management believes that the proceeds obtained through a liquidation of collateral and the enforcement of guarantees would be sufficient to cover the potential amount of future payments required under the corresponding guarantees. The amount of the liability as of September 30, 2013 and December 31, 2012 for guarantees under standby letters of credit issued was not material. | |
Investments
Investments | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Investments [Abstract] | ' | |||||||||||||||||||||||
Investments | ' | |||||||||||||||||||||||
Note 5. Investments | ||||||||||||||||||||||||
The amortized cost and estimated fair value of investment securities available for sale as of September 30, 2013 and December 31, 2012 is as follows: | ||||||||||||||||||||||||
(Dollars in thousands) | Gross | Gross | ||||||||||||||||||||||
Amortized | unrealized | unrealized | Fair | |||||||||||||||||||||
30-Sep-13 | cost | gains | losses | value | ||||||||||||||||||||
Equity securities | $ | 1,399 | $ | 121 | $ | -6 | $ | 1,514 | ||||||||||||||||
U.S. Government agency securities | 11,939 | 118 | -130 | 11,927 | ||||||||||||||||||||
Municipal securities | 58,010 | 1,426 | -1,390 | 58,046 | ||||||||||||||||||||
Corporate debt securities | 1,003 | - | -2 | 1,001 | ||||||||||||||||||||
Trust preferred securities | 5,918 | - | -789 | 5,129 | ||||||||||||||||||||
Agency mortgage-backed securities | 83,140 | 776 | -880 | 83,036 | ||||||||||||||||||||
Private-label mortgage-backed securities | 2,075 | 23 | -36 | 2,062 | ||||||||||||||||||||
Asset-backed securities | 51 | - | -5 | 46 | ||||||||||||||||||||
$ | 163,535 | $ | 2,464 | $ | -3,238 | $ | 162,761 | |||||||||||||||||
(Dollars in thousands) | Gross | Gross | ||||||||||||||||||||||
Amortized | unrealized | unrealized | Fair | |||||||||||||||||||||
31-Dec-12 | cost | gains | losses | value | ||||||||||||||||||||
Equity securities | $ | 2,104 | $ | 92 | $ | -255 | $ | 1,941 | ||||||||||||||||
U.S. Government agency securities | 12,657 | 156 | -4 | 12,809 | ||||||||||||||||||||
Municipal securities | 58,395 | 2,984 | -163 | 61,216 | ||||||||||||||||||||
Corporate debt securities | 1,005 | - | -11 | 994 | ||||||||||||||||||||
Trust preferred securities | 5,905 | - | -1,075 | 4,830 | ||||||||||||||||||||
Agency mortgage-backed securities | 48,121 | 1,029 | -84 | 49,066 | ||||||||||||||||||||
Private-label mortgage-backed securities | 2,539 | 10 | -123 | 2,426 | ||||||||||||||||||||
Asset-backed securities | 59 | - | -13 | 46 | ||||||||||||||||||||
$ | 130,785 | $ | 4,271 | $ | -1,728 | $ | 133,328 | |||||||||||||||||
At September 30, 2013 and December 31, 2012, the fair value of investment securities pledged to secure public funds, trust balances, repurchase agreements, deposit and other obligations totaled $108.5 million and $119.8 million, respectively. | ||||||||||||||||||||||||
The amortized cost and estimated fair value of debt securities at September 30, 2013, by contractual maturity are shown below. Actual maturities may differ from contractual maturities because of prepayment or call options embedded in the securities. | ||||||||||||||||||||||||
(Dollars in thousands) | Amorized cost | Fair value | ||||||||||||||||||||||
Due in one year or less | $ | 1,835 | $ | 1,840 | ||||||||||||||||||||
Due after one year through five years | 13,570 | 14,163 | ||||||||||||||||||||||
Due after five years through ten years | 22,179 | 22,383 | ||||||||||||||||||||||
Due after ten years | 39,337 | 37,763 | ||||||||||||||||||||||
76,921 | 76,149 | |||||||||||||||||||||||
Mortgage-backed securities | 85,215 | 85,098 | ||||||||||||||||||||||
$ | 162,136 | $ | 161,247 | |||||||||||||||||||||
The following table provides additional detail about trust preferred securities as of September 30, 2013: | ||||||||||||||||||||||||
Trust Preferred Securities | ||||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||
Deal Name | Single Issuer or Pooled | Class | Amortized Cost | Fair Value | Gross Unrealized Gain (Loss) | Lowest Credit Rating Assigned | Number of Banks Currently Performing | Deferrals and Defaults as % of Original Collateral | Expected Deferral/ Defaults as a Percentage of Remaining Performing Collateral | |||||||||||||||
Huntington Cap Trust | Single | Preferred Stock | $ | 935 | $ | 816 | $ | -119 | BB | 1 | None | None | ||||||||||||
Huntington Cap Trust II | Single | Preferred Stock | 884 | 786 | -98 | BB | 1 | None | None | |||||||||||||||
BankAmerica Cap III | Single | Preferred Stock | 960 | 802 | -158 | Ba2 | 1 | None | None | |||||||||||||||
Wachovia Cap Trust II | Single | Preferred Stock | 275 | 249 | -26 | BBB+ | 1 | None | None | |||||||||||||||
Corestates Captl Tr II | Single | Preferred Stock | 931 | 846 | -85 | BBB+ | 1 | None | None | |||||||||||||||
Chase Cap VI JPM | Single | Preferred Stock | 960 | 829 | -131 | BBB | 1 | None | None | |||||||||||||||
Fleet Cap Tr V | Single | Preferred Stock | 973 | 801 | -172 | Ba2 | 1 | None | None | |||||||||||||||
$ | 5,918 | $ | 5,129 | $ | -789 | |||||||||||||||||||
The following table provides additional detail about private label mortgage-backed securities as of September 30, 2013: | ||||||||||||||||||||||||
Private Label Mortgage Backed Securities | ||||||||||||||||||||||||
(Dollars in thousands) | Gross | Cumulative | ||||||||||||||||||||||
Origination | Amortized | Fair | Unrealized | Collateral | Lowest Credit | Credit | OTTI | |||||||||||||||||
Description | Date | Cost | Value | Gain (Loss) | Type | Rating Assigned | Support % | Charges | ||||||||||||||||
RALI 2004-QS4 A7 | 3/1/04 | $ | 213 | $ | 212 | $ | -1 | ALT A | BBB+ | 12.22 | $ | - | ||||||||||||
MALT 2004-6 7A1 | 6/1/04 | 450 | 461 | 11 | ALT A | CCC | 13.80 | - | ||||||||||||||||
RALI 2005-QS2 A1 | 2/1/05 | 340 | 351 | 11 | ALT A | CC | 6.22 | 10 | ||||||||||||||||
RALI 2006-QS4 A2 | 4/1/06 | 624 | 611 | -13 | ALT A | D | - | 293 | ||||||||||||||||
GSR 2006-5F 2A1 | 5/1/06 | 106 | 107 | 1 | Prime | D | - | 15 | ||||||||||||||||
RALI 2006-QS8 A1 | 7/28/06 | 342 | 320 | -22 | ALT A | D | - | 197 | ||||||||||||||||
$ | 2,075 | $ | 2,062 | $ | -13 | $ | 515 | |||||||||||||||||
Impairment: | ||||||||||||||||||||||||
The following table reflects temporary impairment in the investment portfolio (excluding restricted stock), aggregated by investment category, length of time that individual securities have been in a continuous unrealized loss position and the number of securities in each category as of September 30, 2013 and December 31, 2012: | ||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
(Dollars in thousands) | Value | Losses | Count | Value | Losses | Count | Value | Losses | Count | |||||||||||||||
Equity securities | $ | 373 | $ | -3 | 2 | $ | 13 | $ | -3 | 1 | $ | 386 | $ | -6 | 3 | |||||||||
U.S. Government agency securities | 3,878 | -111 | 6 | 3,907 | -19 | 7 | 7,785 | -130 | 13 | |||||||||||||||
Municipal securities | 18,343 | -1,253 | 26 | 1,683 | -137 | 2 | 20,026 | -1,390 | 28 | |||||||||||||||
Corporate debt securities | - | - | - | 1,001 | -2 | 1 | 1,001 | -2 | 1 | |||||||||||||||
Trust preferred securities | - | - | - | 5,129 | -789 | 7 | 5,129 | -789 | 7 | |||||||||||||||
Agency mortgage-backed securities | 44,184 | -874 | 43 | 1,199 | -6 | 2 | 45,383 | -880 | 45 | |||||||||||||||
Private-label mortgage-backed securities | - | - | - | 1,143 | -36 | 3 | 1,143 | -36 | 3 | |||||||||||||||
Asset-backed securities | - | - | - | 46 | -5 | 3 | 46 | -5 | 3 | |||||||||||||||
Total temporarily impaired securities | $ | 66,778 | $ | -2,241 | 77 | $ | 14,121 | $ | -997 | 26 | $ | 80,899 | $ | -3,238 | 103 | |||||||||
31-Dec-12 | ||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
(Dollars in thousands) | Value | Losses | Count | Value | Losses | Count | Value | Losses | Count | |||||||||||||||
Equity securities | $ | 226 | $ | -20 | 3 | $ | 1,236 | $ | -235 | 13 | $ | 1,462 | $ | -255 | 16 | |||||||||
U.S. Government agency securities | 938 | -1 | 1 | 3,346 | -3 | 6 | 4,284 | -4 | 7 | |||||||||||||||
Municipal securities | 8,789 | -163 | 10 | - | - | - | 8,789 | -163 | 10 | |||||||||||||||
Corporate debt securities | - | - | - | 994 | -11 | 1 | 994 | -11 | 1 | |||||||||||||||
Trust preferred securities | - | - | - | 4,830 | -1,075 | 7 | 4,830 | -1,075 | 7 | |||||||||||||||
Agency mortgage-backed securities | 6,869 | -68 | 8 | 2,664 | -16 | 6 | 9,533 | -84 | 14 | |||||||||||||||
Private-label mortgage-backed securities | - | - | - | 1,875 | -123 | 5 | 1,875 | -123 | 5 | |||||||||||||||
Asset-backed securities | - | - | - | 46 | -13 | 3 | 46 | -13 | 3 | |||||||||||||||
Total temporarily impaired securities | $ | 16,822 | $ | -252 | 22 | $ | 14,991 | $ | -1,476 | 41 | $ | 31,813 | $ | -1,728 | 63 | |||||||||
Loans
Loans | 9 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Loans [Abstract] | ' | ||||||||||
Loans | ' | ||||||||||
Note 6. Loans | |||||||||||
The Bank reports its loan portfolio based on the primary collateral of the loan. It further classifies these loans by the primary purpose, either consumer or commercial. The Bank’s mortgage loans include long-term loans to individuals and businesses secured by mortgages on the borrower’s real property. Consumer real estate loans also include home equity loans and lines of credit. Construction loans are made to finance the purchase of land and the construction of residential and commercial buildings thereon, and are secured by mortgages on real estate. Commercial loans are made to businesses of various sizes for a variety of purposes including construction, property, plant and equipment, and working capital. Commercial loans also include loans to government municipalities. Commercial lending is concentrated in the Bank’s primary market, but also includes purchased loan participations. Consumer loans are comprised of installment loans and unsecured personal lines of credit. | |||||||||||
A summary of loans outstanding, by primary collateral, at the end of the reporting periods is as follows: | |||||||||||
Change | |||||||||||
(Dollars in thousands) | 30-Sep-13 | 31-Dec-12 | Amount | % | |||||||
Residential Real Estate 1-4 Family | |||||||||||
Consumer first liens | $ | 103,388 | $ | 93,790 | $ | 9,598 | 10.2 | ||||
Consumer junior liens and lines of credit | 33,750 | 35,494 | -1,744 | -4.9 | |||||||
Total consumer | 137,138 | 129,284 | 7,854 | 6.1 | |||||||
Commercial first lien | 57,882 | 60,809 | -2,927 | -4.8 | |||||||
Commercial junior liens and lines of credit | 6,176 | 6,794 | -618 | -9.1 | |||||||
Total | 64,058 | 67,603 | -3,545 | -5.2 | |||||||
Total residential real estate 1-4 family | 201,196 | 196,887 | 4,309 | 2.2 | |||||||
Residential real estate - construction | |||||||||||
Consumer purpose | 2,795 | 3,255 | -460 | -14.1 | |||||||
Commercial purpose | 7,986 | 12,177 | -4,191 | -34.4 | |||||||
Total residential real estate construction | 10,781 | 15,432 | -4,651 | -30.1 | |||||||
Commercial, industrial and agricultural real estate | 348,721 | 363,874 | -15,153 | -4.2 | |||||||
Commercial, industrial and agricultural | 150,323 | 166,734 | -16,411 | -9.8 | |||||||
Total commercial, industrial and agricultural | 499,044 | 530,608 | -31,564 | -5.9 | |||||||
Consumer | 9,130 | 10,652 | -1,522 | -14.3 | |||||||
720,151 | 753,579 | -33,428 | -4.4 | ||||||||
Less: Allowance for loan losses | -11,376 | -10,379 | -997 | 9.6 | |||||||
Net Loans | $ | 708,775 | $ | 743,200 | $ | -34,425 | -4.6 | ||||
Included in the loan balances are the following: | |||||||||||
Net unamortized deferred loan costs | $ | 367 | $ | 456 | |||||||
Unamortized discount on purchased loans | $ | -106 | $ | -129 | |||||||
Loans pledged as collateral for borrowings and commitments from: | |||||||||||
FHLB | $ | 592,392 | $ | 657,684 | |||||||
Federal Reserve Bank | 71,128 | 112,613 | |||||||||
$ | 663,520 | $ | 770,297 | ||||||||
Loan_Quality
Loan Quality | 9 Months Ended | |||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||
Loan Quality [Abstract] | ' | |||||||||||||||||||||
Loan Quality | ' | |||||||||||||||||||||
Note 7. Loan Quality | ||||||||||||||||||||||
The following table presents, by loan segment, the activity in the Allowance for Loan Losses (ALL) for the periods ended: | ||||||||||||||||||||||
Commercial | ||||||||||||||||||||||
Residential Real Estate 1-4 Family | Industrial & | Commercial | ||||||||||||||||||||
Junior Liens & | Agricultural | Industrial & | ||||||||||||||||||||
(Dollars in thousands) | First Liens | Lines of Credit | Construction | Real Estate | Agricultural | Consumer | Total | |||||||||||||||
Allowance at June 30, 2013 | $ | 1,365 | $ | 278 | $ | 701 | $ | 6,730 | $ | 2,202 | $ | 162 | $ | 11,438 | ||||||||
Charge-offs | - | - | - | -369 | -35 | -29 | -433 | |||||||||||||||
Recoveries | 1 | - | - | 2 | 5 | 13 | 21 | |||||||||||||||
Provision | 125 | -15 | -448 | 598 | 79 | 11 | 350 | |||||||||||||||
Allowance at September 30, 2013 | $ | 1,491 | $ | 263 | $ | 253 | $ | 6,961 | $ | 2,251 | $ | 157 | $ | 11,376 | ||||||||
Allowance at December 31, 2012 | $ | 913 | $ | 306 | $ | 899 | $ | 6,450 | $ | 1,620 | $ | 191 | $ | 10,379 | ||||||||
Charge-offs | -39 | -45 | - | -536 | -362 | -113 | -1,095 | |||||||||||||||
Recoveries | 10 | - | - | 5 | 80 | 42 | 137 | |||||||||||||||
Provision | 607 | 2 | -646 | 1,042 | 913 | 37 | 1,955 | |||||||||||||||
Allowance at September 30, 2013 | $ | 1,491 | $ | 263 | $ | 253 | $ | 6,961 | $ | 2,251 | $ | 157 | $ | 11,376 | ||||||||
Allowance at June 30, 2012 | $ | 777 | $ | 321 | $ | 925 | $ | 5,839 | $ | 1,564 | $ | 201 | $ | 9,627 | ||||||||
Charge-offs | -71 | - | - | -159 | -73 | -61 | -364 | |||||||||||||||
Recoveries | - | - | - | 2 | 10 | 13 | 25 | |||||||||||||||
Provision | 157 | -3 | -8 | 269 | 359 | 51 | 825 | |||||||||||||||
Allowance at September 30, 2012 | $ | 863 | $ | 318 | $ | 917 | $ | 5,951 | $ | 1,860 | $ | 204 | $ | 10,113 | ||||||||
Allowance at December 31, 2011 | $ | 1,049 | $ | 308 | $ | 1,222 | $ | 5,257 | $ | 1,651 | $ | 236 | $ | 9,723 | ||||||||
Charge-offs | -251 | -65 | - | -2,413 | -418 | -183 | -3,330 | |||||||||||||||
Recoveries | - | 25 | - | 11 | 17 | 67 | 120 | |||||||||||||||
Provision | 65 | 50 | -305 | 3,096 | 610 | 84 | 3,600 | |||||||||||||||
Allowance at September 30, 2012 | $ | 863 | $ | 318 | $ | 917 | $ | 5,951 | $ | 1,860 | $ | 204 | $ | 10,113 | ||||||||
Allowance at December 31, 2011 | $ | 1,049 | $ | 308 | $ | 1,222 | $ | 5,257 | $ | 1,651 | $ | 236 | $ | 9,723 | ||||||||
Charge-offs | -251 | -71 | - | -3,298 | -861 | -236 | -4,717 | |||||||||||||||
Recoveries | 1 | 25 | - | 13 | 21 | 88 | 148 | |||||||||||||||
Provision | 114 | 44 | -323 | 4,478 | 809 | 103 | 5,225 | |||||||||||||||
Allowance at December 31, 2012 | $ | 913 | $ | 306 | $ | 899 | $ | 6,450 | $ | 1,620 | $ | 191 | $ | 10,379 | ||||||||
The following table presents, by loan segment, loans that were evaluated for the ALL under the specific reserve (individually) and those that were evaluated under the general reserve (collectively), and the amount of the allowance established in each category as of September 30, 2013 and December 31, 2012: | ||||||||||||||||||||||
Commercial | ||||||||||||||||||||||
Residential Real Estate 1-4 Family | Industrial & | Commercial | ||||||||||||||||||||
Junior Liens & | Agricultural | Industrial & | ||||||||||||||||||||
(Dollars in thousands) | First Liens | Lines of Credit | Construction | Real Estate | Agricultural | Consumer | Total | |||||||||||||||
30-Sep-13 | ||||||||||||||||||||||
Loans evaluated for allowance: | ||||||||||||||||||||||
Individually | $ | 2,755 | $ | 243 | $ | 542 | $ | 30,958 | $ | 2,025 | $ | - | $ | 36,523 | ||||||||
Collectively | 158,515 | 39,683 | 10,239 | 317,763 | 148,298 | 9,130 | 683,628 | |||||||||||||||
Total | $ | 161,270 | $ | 39,926 | $ | 10,781 | $ | 348,721 | $ | 150,323 | $ | 9,130 | $ | 720,151 | ||||||||
Allowance established for loans evaluated: | ||||||||||||||||||||||
Individually | $ | 514 | $ | - | $ | - | $ | 1,325 | $ | 1,023 | $ | - | $ | 2,862 | ||||||||
Collectively | 977 | 263 | 253 | 5,636 | 1,228 | 157 | 8,514 | |||||||||||||||
Allowance at September 30, 2013 | $ | 1,491 | $ | 263 | $ | 253 | $ | 6,961 | $ | 2,251 | $ | 157 | $ | 11,376 | ||||||||
31-Dec-12 | ||||||||||||||||||||||
Loans evaluated for allowance: | ||||||||||||||||||||||
Individually | $ | 3,583 | $ | 692 | $ | 557 | $ | 30,949 | $ | 3,583 | $ | - | $ | 39,364 | ||||||||
Collectively | 151,016 | 41,596 | 14,875 | 332,925 | 163,151 | 10,652 | 714,215 | |||||||||||||||
Total | $ | 154,599 | $ | 42,288 | $ | 15,432 | $ | 363,874 | $ | 166,734 | $ | 10,652 | $ | 753,579 | ||||||||
Allowance established for loans evaluated: | ||||||||||||||||||||||
Individually | $ | 20 | $ | 3 | $ | - | $ | 357 | $ | 467 | $ | - | $ | 847 | ||||||||
Collectively | 893 | 303 | 899 | 6,093 | 1,153 | 191 | 9,532 | |||||||||||||||
Allowance at December 31, 2012 | $ | 913 | $ | 306 | $ | 899 | $ | 6,450 | $ | 1,620 | $ | 191 | $ | 10,379 | ||||||||
The following table shows additional information about those loans considered to be impaired at September 30, 2013 and December 31, 2012: | ||||||||||||||||||||||
Impaired Loans | ||||||||||||||||||||||
With No Allowance | With Allowance | |||||||||||||||||||||
(Dollars in thousands) | Unpaid | Unpaid | ||||||||||||||||||||
Recorded | Principal | Recorded | Principal | Related | ||||||||||||||||||
30-Sep-13 | Investment | Balance | Investment | Balance | Allowance | |||||||||||||||||
Residential Real Estate 1-4 Family | ||||||||||||||||||||||
First liens | $ | 1,554 | $ | 1,621 | $ | 1,796 | $ | 1,796 | $ | 514 | ||||||||||||
Junior liens and lines of credit | 416 | 436 | - | - | - | |||||||||||||||||
Total | 1,970 | 2,057 | 1,796 | 1,796 | 514 | |||||||||||||||||
Residential real estate - construction | 542 | 559 | - | - | - | |||||||||||||||||
Commercial, industrial and agricultural real estate | 25,418 | 29,168 | 5,592 | 6,494 | 1,325 | |||||||||||||||||
Commercial, industrial and agricultural | 89 | 89 | 1,999 | 2,052 | 1,023 | |||||||||||||||||
Consumer | - | - | - | - | - | |||||||||||||||||
Total | $ | 28,019 | $ | 31,873 | $ | 9,387 | $ | 10,342 | $ | 2,862 | ||||||||||||
31-Dec-12 | ||||||||||||||||||||||
Residential Real Estate 1-4 Family | ||||||||||||||||||||||
First liens | $ | 3,504 | $ | 3,715 | $ | 80 | $ | 80 | $ | 20 | ||||||||||||
Junior liens and lines of credit | 691 | 707 | - | - | - | |||||||||||||||||
Total | 4,195 | 4,422 | 80 | 80 | 20 | |||||||||||||||||
Residential real estate - construction | 557 | 567 | - | - | - | |||||||||||||||||
Commercial, industrial and agricultural real estate | 28,346 | 31,937 | 2,603 | 3,194 | 357 | |||||||||||||||||
Commercial, industrial and agricultural | 2,495 | 2,584 | 1,088 | 1,145 | 470 | |||||||||||||||||
Consumer | - | - | - | - | - | |||||||||||||||||
Total | $ | 35,593 | $ | 39,510 | $ | 3,771 | $ | 4,419 | $ | 847 | ||||||||||||
The following table shows the average of impaired loans and related interest income for the three and nine months ended September 30, 2013 and 2012: | ||||||||||||||||||||||
Three Months Ended | Three Months Ended | |||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | |||||||||||||||||||||
Average | Interest | Average | Interest | |||||||||||||||||||
(Dollars in thousands) | Recorded | Income | Recorded | Income | ||||||||||||||||||
Investment | Recognized | Investment | Recognized | |||||||||||||||||||
Residential Real Estate 1-4 Family | ||||||||||||||||||||||
First liens | $ | 3,365 | $ | 4 | $ | 3,791 | $ | 4 | ||||||||||||||
Junior liens and lines of credit | 417 | - | 740 | - | ||||||||||||||||||
Total | 3,782 | 4 | 4,531 | 4 | ||||||||||||||||||
Residential real estate - construction | 544 | - | 571 | - | ||||||||||||||||||
Commercial, industrial and agricultural real estate | 31,730 | 118 | 27,741 | 35 | ||||||||||||||||||
Commercial, industrial and agricultural | 2,112 | - | 4,099 | 31 | ||||||||||||||||||
Consumer | - | - | - | - | ||||||||||||||||||
Total | $ | 38,168 | $ | 122 | $ | 36,942 | $ | 70 | ||||||||||||||
Nine Months Ended | Nine Months Ended | |||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | |||||||||||||||||||||
Average | Interest | Average | Interest | |||||||||||||||||||
(Dollars in thousands) | Recorded | Income | Recorded | Income | ||||||||||||||||||
Investment | Recognized | Investment | Recognized | |||||||||||||||||||
Residential Real Estate 1-4 Family | ||||||||||||||||||||||
First liens | $ | 3,477 | $ | 12 | $ | 4,225 | $ | 55 | ||||||||||||||
Junior liens and lines of credit | 613 | 5 | 760 | 1 | ||||||||||||||||||
Total | 4,090 | 17 | 4,985 | 56 | ||||||||||||||||||
Residential real estate - construction | 550 | - | 424 | - | ||||||||||||||||||
Commercial, industrial and agricultural real estate | 30,508 | 252 | 25,445 | 125 | ||||||||||||||||||
Commercial, industrial and agricultural | 3,015 | - | 4,211 | 104 | ||||||||||||||||||
Consumer | - | - | - | - | ||||||||||||||||||
Total | $ | 38,163 | $ | 269 | $ | 35,065 | $ | 285 | ||||||||||||||
The following table presents the aging of payments of the loan portfolio: | ||||||||||||||||||||||
(Dollars in thousands) | Loans Past Due and Still Accruing | Total | ||||||||||||||||||||
Current | 30-59 Days | 60-89 Days | 90 Days+ | Total | Non-Accrual | Loans | ||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||
Residential Real Estate 1-4 Family | ||||||||||||||||||||||
First liens | $ | 157,251 | $ | 464 | $ | 543 | $ | 52 | $ | 1,059 | $ | 2,960 | $ | 161,270 | ||||||||
Junior liens and lines of credit | 39,238 | 187 | 43 | 41 | 271 | 417 | 39,926 | |||||||||||||||
Total | 196,489 | 651 | 586 | 93 | 1,330 | 3,377 | 201,196 | |||||||||||||||
Residential real estate - construction | 10,239 | - | - | - | - | 542 | 10,781 | |||||||||||||||
Commercial, industrial and agricultural real estate | 324,733 | 1,349 | 321 | - | 1,670 | 22,318 | 348,721 | |||||||||||||||
Commercial, industrial and agricultural | 147,650 | 96 | 75 | 68 | 239 | 2,434 | 150,323 | |||||||||||||||
Consumer | 8,986 | 110 | 24 | 10 | 144 | - | 9,130 | |||||||||||||||
Total | $ | 688,097 | $ | 2,206 | $ | 1,006 | $ | 171 | $ | 3,383 | $ | 28,671 | $ | 720,151 | ||||||||
31-Dec-12 | ||||||||||||||||||||||
Residential Real Estate 1-4 Family | ||||||||||||||||||||||
First liens | $ | 147,236 | $ | 2,862 | $ | 797 | $ | 120 | $ | 3,779 | $ | 3,584 | $ | 154,599 | ||||||||
Junior liens and lines of credit | 40,741 | 449 | 228 | 112 | 789 | 758 | 42,288 | |||||||||||||||
Total | 187,977 | 3,311 | 1,025 | 232 | 4,568 | 4,342 | 196,887 | |||||||||||||||
Residential real estate - construction | 14,875 | - | - | - | - | 557 | 15,432 | |||||||||||||||
Commercial, industrial and agricultural real estate | 334,822 | 64 | 329 | - | 393 | 28,659 | 363,874 | |||||||||||||||
Commercial, industrial and agricultural | 163,387 | 161 | 35 | 315 | 511 | 2,836 | 166,734 | |||||||||||||||
Consumer | 10,339 | 258 | 39 | 16 | 313 | - | 10,652 | |||||||||||||||
Total | $ | 711,400 | $ | 3,794 | $ | 1,428 | $ | 563 | $ | 5,785 | $ | 36,394 | $ | 753,579 | ||||||||
The following table reports the internal credit rating for the loan portfolio. Consumer purpose non-real estate related loans are assigned a rating of either pass or substandard. Substandard consumer loans are comprised of loans 90 days or more past due and still accruing. Commercial loans may be assigned any rating in accordance with the Bank’s internal risk rating system. | ||||||||||||||||||||||
(Dollars in thousands) | Pass | OAEM | Substandard | Doubtful | Total | |||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||
Residential Real Estate 1-4 Family | ||||||||||||||||||||||
First liens | $ | 149,712 | $ | 4,052 | $ | 7,506 | $ | - | $ | 161,270 | ||||||||||||
Junior liens and lines of credit | 39,105 | 102 | 719 | - | 39,926 | |||||||||||||||||
Total | 188,817 | 4,154 | 8,225 | - | 201,196 | |||||||||||||||||
Residential real estate - construction | 8,990 | 74 | 1,717 | - | 10,781 | |||||||||||||||||
Commercial, industrial and agricultural real estate | 291,358 | 16,423 | 40,940 | - | 348,721 | |||||||||||||||||
Commercial, industrial and agricultural | 134,718 | 4,131 | 11,474 | - | 150,323 | |||||||||||||||||
Consumer | 9,120 | - | 10 | - | 9,130 | |||||||||||||||||
Total | $ | 633,003 | $ | 24,782 | $ | 62,366 | $ | - | $ | 720,151 | ||||||||||||
31-Dec-12 | ||||||||||||||||||||||
Residential Real Estate 1-4 Family | ||||||||||||||||||||||
First liens | $ | 139,549 | $ | 6,277 | $ | 8,773 | $ | - | $ | 154,599 | ||||||||||||
Junior liens and lines of credit | 40,584 | 175 | 1,529 | - | 42,288 | |||||||||||||||||
Total | 180,133 | 6,452 | 10,302 | - | 196,887 | |||||||||||||||||
Residential real estate - construction | 11,284 | 2,922 | 1,226 | - | 15,432 | |||||||||||||||||
Commercial, industrial and agricultural real estate | 299,075 | 20,221 | 41,828 | 2,750 | 363,874 | |||||||||||||||||
Commercial, industrial and agricultural | 148,195 | 3,120 | 15,419 | - | 166,734 | |||||||||||||||||
Consumer | 10,636 | - | 16 | - | 10,652 | |||||||||||||||||
Total | $ | 649,323 | $ | 32,715 | $ | 68,791 | $ | 2,750 | $ | 753,579 | ||||||||||||
The following table presents information on the Bank’s Troubled Debt Restructuring (TDR) loans: | ||||||||||||||||||||||
Troubled Debt Restructings | ||||||||||||||||||||||
That Have Defaulted on | ||||||||||||||||||||||
(Dollars in thousands) | Troubled Debt Restructings | Modified Terms YTD | ||||||||||||||||||||
Number of | Recorded | Number of | Recorded | |||||||||||||||||||
Contracts | Investment | Performing* | Nonperforming* | Contracts | Investment | |||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||
Real estate construction | 1 | $ | 542 | $ | - | $ | 542 | - | $ | - | ||||||||||||
Residential real estate | 4 | 390 | 390 | - | - | - | ||||||||||||||||
Commercial, industrial and agricultural real estate | 14 | 18,786 | 17,210 | 1,576 | - | - | ||||||||||||||||
Total | 19 | $ | 19,718 | $ | 17,600 | $ | 2,118 | - | $ | - | ||||||||||||
31-Dec-12 | ||||||||||||||||||||||
Real estate construction | 1 | $ | 557 | $ | 557 | $ | - | - | $ | - | ||||||||||||
Residential real estate | 4 | 467 | 467 | - | - | - | ||||||||||||||||
Commercial, industrial and agricultural | 2 | 1,812 | 1,812 | - | - | - | ||||||||||||||||
Commercial, industrial and agricultural real estate | 12 | 8,594 | 8,594 | - | - | - | ||||||||||||||||
Total | 19 | $ | 11,430 | $ | 11,430 | $ | - | - | $ | - | ||||||||||||
* The performing status is determined by the loan's compliance with the modified terms | ||||||||||||||||||||||
The following table reports new TDR loans during 2013 and the recorded investment as of September 30, 2013. There were no new TDR loans recorded during the three months ended September 30, 2013. | ||||||||||||||||||||||
(Dollars in thousands) | New During Period | |||||||||||||||||||||
Number of | Pre-TDR | After-TDR | Recorded | |||||||||||||||||||
Nine Months Ended September 30, 2013 | Contracts | Modification | Modification | Investment | Concession | |||||||||||||||||
Residential real estate | 1 | $ | 75 | $ | 75 | $ | 73 | multiple | ||||||||||||||
Commercial, industrial and agricultural real estate | 2 | 10,458 | 10,745 | 10,659 | multiple | |||||||||||||||||
Total | 3 | $ | 10,533 | $ | 10,820 | $ | 10,732 | |||||||||||||||
The following table reports new TDR loans made during 2012 and the recorded investment as of September 30, 2012. | ||||||||||||||||||||||
(Dollars in thousands) | New During Period | |||||||||||||||||||||
Number of | Pre-TDR | After-TDR | Recorded | |||||||||||||||||||
Three Months Ended September 30, 2012 | Contracts | Modification | Modification | Investment | Concession | |||||||||||||||||
Residential real estate | 1 | $ | 221 | $ | 240 | $ | 240 | multiple | ||||||||||||||
Nine Months Ended September 30, 2012 | ||||||||||||||||||||||
Real estate construction | 2 | $ | 1,111 | $ | 935 | $ | 570 | multiple | ||||||||||||||
Residential real estate | 2 | 371 | 390 | 386 | multiple | |||||||||||||||||
Commercial, industrial and agricultural | 2 | 2,223 | 2,223 | 1,818 | maturity | |||||||||||||||||
Commercial, industrial and agricultural real estate | 3 | 1,662 | 2,052 | 2,004 | multiple | |||||||||||||||||
Total | 9 | $ | 5,367 | $ | 5,600 | $ | 4,778 | |||||||||||||||
Pensions
Pensions | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Pensions [Abstract] | ' | |||||||||||
Pensions | ' | |||||||||||
Note 8. Pensions | ||||||||||||
The components of pension expense for the periods presented are as follows: | ||||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | ||||||||
Components of net periodic cost: | ||||||||||||
Service cost | $ | 114 | $ | 115 | $ | 342 | $ | 345 | ||||
Interest cost | 179 | 179 | 537 | 537 | ||||||||
Expected return on plan assets | -312 | -197 | -936 | -591 | ||||||||
Recognized net actuarial loss | 159 | 171 | 477 | 514 | ||||||||
Net period cost | $ | 140 | $ | 268 | $ | 420 | $ | 805 | ||||
The Bank expects its pension expense to decrease to approximately $560 thousand in 2013 compared to $1.1 million in 2012. The Bank contributed $6.8 million to its pension plan in 2012 and does not expect to contribute any additional amounts in 2013. | ||||||||||||
Contributions are intended to provide not only for the benefits attributed to service to date but also for those expected to be earned in the future. However, due to the low rate environment, the funding status of the pension plan, and the Bank’s excess cash position earning a low return, the Bank made an additional contribution, above the required minimum contribution, of $6.0 million to the pension plan in December 2012. This action brought the plan to a fully funded status and will significantly reduce future pension expense. In 2012, the Bank changed the source of the discount rate used to calculate the benefit obligation, to the Citigroup Above Median Pension Discount Curve from the Citigroup Pension Discount Curve and Liability Index. The new curve represents bonds that are more like the pension plan assets in terms of duration and quality, and generally results in a higher discount rate. | ||||||||||||
Fair_Value_Measurements_And_Fa
Fair Value Measurements And Fair Values Of Financial Instruments | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Fair Value Measurements And Fair Values Of Financial Instruments [Abstract] | ' | ||||||||||||||
Fair Value Measurements And Fair Values Of Financial Instruments | ' | ||||||||||||||
Note 9. Fair Value Measurements and Fair Values of Financial Instruments | |||||||||||||||
Management uses its best judgment in estimating the fair value of the Corporation’s financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts the Corporation could have realized in a sales transaction on the dates indicated. The estimated fair value amounts have been measured as of their respective year-ends and have not been re-evaluated or updated for purposes of these financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates maybe different than the amounts reported at each year-end. | |||||||||||||||
FASB ASC Topic 820, “Financial Instruments”, requires disclosure of the fair value of financial assets and liabilities, including those financial assets and liabilities that are not measured and reported at fair value on a recurring and nonrecurring basis. The Corporation does not report any nonfinancial assets at fair value. FASB ASC Topic 820 establishes a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under FASB ASC Topic 820 are as follows: | |||||||||||||||
Level 1: Valuation is based on unadjusted, quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. | |||||||||||||||
Level 2: Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. There may be substantial differences in the assumptions used for securities within the same level. For example, prices for U.S. Agency securities have fewer assumptions and are closer to level 1 valuations than the private label mortgage backed securities that require more assumptions and are closer to level 3 valuations. | |||||||||||||||
Level 3: Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect the Corporation’s assumptions regarding what market participants would assume when pricing a financial instrument. | |||||||||||||||
An asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. | |||||||||||||||
The following methods and assumptions were used to estimate the fair values of the Corporation’s financial instruments at September 30, 2013 and December 31, 2012. | |||||||||||||||
Cash and Cash Equivalents: For these short-term instruments, the carrying amount is a reasonable estimate of fair value. | |||||||||||||||
Investment securities: The fair value of investment securities is determined in accordance with the methods described under FASB ASC Topic 820 as discussed below. | |||||||||||||||
Restricted stock: The carrying value of restricted stock approximates its fair value based on redemption provisions for the restricted stock. | |||||||||||||||
Loans held for sale: The fair value of loans held for sale is determined by the price set between the Bank and the purchaser prior to origination. These loans are usually sold at par. | |||||||||||||||
Net loans: The fair value of fixed-rate loans is estimated for each major type of loan (e.g. real estate, commercial, industrial and agricultural and consumer) by discounting the future cash flows associated with such loans using rates currently offered for loans with similar terms to borrowers of comparable credit quality. The model considers scheduled principal maturities, repricing characteristics, prepayment assumptions and interest cash flows. The discount rates used are estimated based upon consideration of a number of factors including the treasury yield curve, expense and service charge factors. For variable rate loans that reprice frequently and have no significant change in credit quality, carrying values approximate the fair value. | |||||||||||||||
Accrued interest receivable: The carrying amount is a reasonable estimate of fair value. | |||||||||||||||
Mortgage servicing rights: The fair value of mortgage servicing rights is based on observable market prices when available or the present value of expected future cash flows when not available. Assumptions such as loan default rates, costs to service, and prepayment speeds significantly affect the estimate of future cash flows. Mortgage servicing rights are carried at the lower of cost or fair value. | |||||||||||||||
Deposits, securities sold under agreements to repurchase and long-term debt: The fair value of demand deposits, savings accounts, and money market deposits is the amount payable on demand at the reporting date. The fair value of fixed-rate certificates of deposit and long-term debt is estimated by discounting the future cash flows using rates approximating those currently offered for certificates of deposit and borrowings with similar remaining maturities. Other borrowings consist of a line of credit with the FHLB at a variable interest rate and securities sold under agreements to repurchase, for which the carrying value approximates a reasonable estimate of the fair value. | |||||||||||||||
Accrued interest payable: The carrying amount is a reasonable estimate of fair value. | |||||||||||||||
Derivatives: The fair value of the interest rate swaps is based on other similar financial instruments and is classified as Level 2. | |||||||||||||||
The following information regarding the fair value of the Corporation’s financial instruments should not be interpreted as an estimate of the fair value of the entire Corporation since a fair value calculation is only provided for a limited portion of the Corporation’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Corporation’s disclosures and those of other companies may not be meaningful. | |||||||||||||||
The fair value of the Corporation's financial instruments are as follows: | |||||||||||||||
30-Sep-13 | |||||||||||||||
Carrying | Fair | ||||||||||||||
(Dollars in thousands) | Amount | Value | Level 1 | Level 2 | Level 3 | ||||||||||
Financial assets: | |||||||||||||||
Cash and cash equivalents | $ | 61,633 | $ | 61,633 | $ | 61,633 | $ | - | $ | - | |||||
Investment securities available for sale | 162,761 | 162,761 | 1,514 | 161,247 | - | ||||||||||
Restricted stock | 1,906 | 1,906 | - | 1,906 | - | ||||||||||
Loans held for sale | 446 | 446 | - | 446 | - | ||||||||||
Net loans | 708,775 | 713,465 | - | - | 713,465 | ||||||||||
Accrued interest receivable | 2,849 | 2,849 | - | 2,849 | - | ||||||||||
Mortgage servicing rights | 195 | 195 | - | - | 195 | ||||||||||
Financial liabilities: | |||||||||||||||
Deposits | $ | 865,818 | $ | 866,512 | $ | - | $ | 866,512 | $ | - | |||||
Securities sold under agreements to repurchase | 23,870 | 23,870 | - | 23,870 | - | ||||||||||
Long-term debt | 12,405 | 13,084 | - | 13,084 | - | ||||||||||
Accrued interest payable | 348 | 348 | - | 348 | - | ||||||||||
Interest rate swaps | 650 | 650 | - | 650 | - | ||||||||||
31-Dec-12 | |||||||||||||||
Carrying | Fair | ||||||||||||||
(Dollars in thousands) | Amount | Value | Level 1 | Level 2 | Level 3 | ||||||||||
Financial assets: | |||||||||||||||
Cash and cash equivalents | $ | 77,834 | $ | 77,834 | $ | 77,834 | $ | - | $ | - | |||||
Investment securities available for sale | 133,328 | 133,328 | 1,941 | 131,387 | - | ||||||||||
Restricted stock | 3,571 | 3,571 | - | 3,571 | - | ||||||||||
Loans held for sale | 67 | 67 | - | 67 | - | ||||||||||
Net loans | 743,200 | 759,490 | - | - | 759,490 | ||||||||||
Accrued interest receivable | 3,178 | 3,178 | - | 3,178 | - | ||||||||||
Mortgage servicing rights | 235 | 235 | - | - | 235 | ||||||||||
Financial liabilities: | $ | ||||||||||||||
Deposits | 874,440 | $ | 876,240 | $ | - | $ | 876,240 | $ | - | ||||||
Securities sold under agreements to repurchase | 42,209 | 42,209 | - | 42,209 | - | ||||||||||
Long-term debt | 12,410 | 13,718 | - | 13,718 | - | ||||||||||
Accrued interest payable | 348 | 348 | - | 348 | - | ||||||||||
Interest rate swaps | 1,103 | 1,103 | - | 1,103 | - | ||||||||||
Recurring Fair Value Measurements | |||||||||||||||
For financial assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at September 30, 2013 and December 31, 2012 are as follows: | |||||||||||||||
(Dollars in Thousands) | Fair Value at September 30, 2013 | ||||||||||||||
Asset Description | Level 1 | Level 2 | Level 3 | Total | |||||||||||
Equity securities | $ | 1,514 | $ | - | $ | - | $ | 1,514 | |||||||
Obligations of U.S. Government agencies | - | 11,927 | - | 11,927 | |||||||||||
Municipal securities | - | 58,046 | - | 58,046 | |||||||||||
Corporate debt securities | - | 1,001 | - | 1,001 | |||||||||||
Trust Preferred Securities | - | 5,129 | - | 5,129 | |||||||||||
Agency mortgage-backed securities | - | 83,036 | - | 83,036 | |||||||||||
Private-label mortgage-backed securities | - | 2,062 | - | 2,062 | |||||||||||
Asset-backed securities | - | 46 | - | 46 | |||||||||||
Total assets | $ | 1,514 | $ | 161,247 | $ | - | $ | 162,761 | |||||||
Liability Description | |||||||||||||||
Interest rate swaps | $ | - | $ | 650 | $ | - | $ | 650 | |||||||
Total liabilities | $ | - | $ | 650 | $ | - | $ | 650 | |||||||
(Dollars in Thousands) | Fair Value at December 31, 2012 | ||||||||||||||
Asset Description | Level 1 | Level 2 | Level 3 | Total | |||||||||||
Equity securities | $ | 1,941 | $ | - | $ | - | $ | 1,941 | |||||||
Obligations of U.S. Government agencies | - | 12,809 | - | 12,809 | |||||||||||
Municipal securities | - | 61,216 | - | 61,216 | |||||||||||
Corporate debt securities | - | 994 | - | 994 | |||||||||||
Trust Preferred Securities | - | 4,830 | - | 4,830 | |||||||||||
Agency mortgage-backed securities | - | 49,066 | - | 49,066 | |||||||||||
Private-label mortgage-backed securities | - | 2,426 | - | 2,426 | |||||||||||
Asset-backed securities | - | 46 | - | 46 | |||||||||||
Total assets | $ | 1,941 | $ | 131,387 | $ | - | $ | 133,328 | |||||||
Liability Description | |||||||||||||||
Interest rate swaps | $ | - | $ | 1,103 | $ | - | $ | 1,103 | |||||||
Total liabilities | $ | - | $ | 1,103 | $ | - | $ | 1,103 | |||||||
The Corporation used the following methods and significant assumptions to estimate the fair values for financial assets measured at fair value on a recurring basis. | |||||||||||||||
Investment securities: Level 1 securities represent equity securities that are valued using quoted market prices from nationally recognized markets. Level 2 securities represent debt securities that are valued using a mathematical model based upon the specific characteristics of a security in relationship to quoted prices for similar securities. | |||||||||||||||
Interest rate swaps: The interest rate swaps are valued using a discounted cash flow model that uses verifiable market environment inputs to calculate the fair value. This method is not dependent on the input of any significant judgments or assumptions by Management. | |||||||||||||||
Nonrecurring Fair Value Measurements | |||||||||||||||
For financial assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used at September 30, 2013 and December 31, 2012 are as follows: | |||||||||||||||
(Dollars in Thousands) | |||||||||||||||
Fair Value at September 30, 2013 | |||||||||||||||
Asset Description | Level 1 | Level 2 | Level 3 | Total | |||||||||||
Impaired loans (1) | $ | - | $ | - | $ | 10,502 | $ | 10,502 | |||||||
Other real estate owned (1) | - | - | 528 | 528 | |||||||||||
Mortgage servicing rights | - | - | 195 | 195 | |||||||||||
Total assets | $ | - | $ | - | $ | 11,225 | $ | 11,225 | |||||||
(Dollars in Thousands) | Fair Value at December 31, 2012 | ||||||||||||||
Asset Description | Level 1 | Level 2 | Level 3 | Total | |||||||||||
Impaired loans (1) | $ | - | $ | - | $ | 9,235 | $ | 9,235 | |||||||
Other real estate owned (1) | - | - | 5,127 | 5,127 | |||||||||||
Mortgage servicing rights | - | - | 235 | 235 | |||||||||||
Total assets | $ | - | $ | - | $ | 14,597 | $ | 14,597 | |||||||
-1 | Includes assets directly charged-down to fair value during the year-to-date period. | ||||||||||||||
The Corporation used the following methods and significant assumptions to estimate the fair values for financial assets measured at fair value on a nonrecurring basis. | |||||||||||||||
Impaired loans: Impaired loans are reported at the fair value of the underlying collateral if repayment is expected solely from the collateral. Collateral values are estimated using Level 3 inputs based on customized discounting criteria. | |||||||||||||||
Other real estate: The fair value of other real estate, upon initial recognition, is estimated using Level 2 inputs within the fair value hierarchy based on observable market data and Level 3 inputs based on customized discounting criteria. In connection with the measurement and initial recognition of the foregoing assets, the Corporation recognizes charge-offs through the allowance for loan losses. | |||||||||||||||
Mortgage servicing rights: The fair value of mortgage servicing rights, upon initial recognition, is estimated using a valuation model that calculates the present value of estimated future net servicing income. The model incorporates Level 3 assumptions such as cost to service, discount rate, prepayment speeds, default rates and losses. | |||||||||||||||
The Corporation did not record any liabilities at fair value for which measurement of the fair value was made on a nonrecurring basis at September 30, 2013. For financial assets and liabilities measured at fair value on a recurring basis, there were no transfers of financial assets or liabilities between Level 1 and Level 2 during the period ending September 30, 2013. | |||||||||||||||
The following table presents additional quantitative information about Level 3 assets measured at fair value on a nonrecurring basis: | |||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||
(Dollars in Thousands) | at September 30, 2013 | ||||||||||||||
Range | |||||||||||||||
Asset Description | Fair Value | Valuation Technique | Unobservable Input | (Weighted Average) | |||||||||||
Impaired loans (1) | $ 10,502 | Appraisal | Appraisal Adjustments (2) | 0% - 100% (35.3%) | |||||||||||
Cost to sell | 5% - 15% (6.35%) | ||||||||||||||
Other real estate owned (1) | 528 | Appraisal | Appraisal Adjustments (2) | ||||||||||||
Cost to sell | 8% (8%) | ||||||||||||||
Mortgage servicing rights | 195 | Discounted Cash Flow (3) | |||||||||||||
at December 31, 2012 | |||||||||||||||
Impaired loans (1) | $ 9,235 | Appraisal | Appraisal Adjustments (2) | 0% - 100% (11%) | |||||||||||
Cost to sell | 5% - 25% (7%) | ||||||||||||||
Other real estate owned (1) | 5,127 | Appraisal | Appraisal Adjustments (2) | ||||||||||||
Cost to sell | 8% (8%) | ||||||||||||||
Mortgage servicing rights | 235 | Discounted Cash Flow (3) | |||||||||||||
(1) Includes assets directly charged-down to fair value during the year-to-date period. | |||||||||||||||
(2) Qualitative adjustments are discounts specific to each asset and are made as needed. | |||||||||||||||
(3) Valuation and inputs are determined by a third-party pricing service without adjustment. | |||||||||||||||
Financial_Derivatives
Financial Derivatives | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Financial Derivatives [Abstract] | ' | |||||||||||||||||
Financial Derivatives | ' | |||||||||||||||||
Note 10. Financial Derivatives | ||||||||||||||||||
The Board of Directors has given Management authorization to enter into additional derivative activity including interest rate swaps, caps and floors, forward-rate agreements, options and futures contracts in order to hedge interest rate risk. The Bank is exposed to credit risk equal to the positive fair value of a derivative instrument, if any, as a positive fair value indicates that the counterparty to the agreement is financially liable to the Bank. To limit this risk, counterparties must have an investment grade long-term debt rating and individual counterparty credit exposure is limited by Board approved parameters. Management anticipates continuing to use derivatives, as permitted by its Board-approved policy, to manage interest rate risk. | ||||||||||||||||||
Information regarding the interest rate swap as of September 30, 2013 follows: | ||||||||||||||||||
(Dollars in thousands) | Amount Expected to | |||||||||||||||||
be Expensed into | ||||||||||||||||||
Notional | Maturity | Interest Rate | Earnings within the | |||||||||||||||
Amount | Date | Fixed | Variable | next 12 Months | ||||||||||||||
$ | 10,000 | 5/30/15 | 3.87% | 0.02% | $ | 385 | ||||||||||||
Fair Value of Derivative Instruments in the Consolidated Balance Sheets were as follows as of September 30, 2013 and December 31, 2012: | ||||||||||||||||||
Fair Value of Derivative Instruments | ||||||||||||||||||
(Dollars in thousands) | Balance Sheet | |||||||||||||||||
Date | Type | Location | Fair Value | |||||||||||||||
30-Sep-13 | Interest rate contracts | Other liabilities | $ | 650 | ||||||||||||||
31-Dec-12 | Interest rate contracts | Other liabilities | $ | 1,103 | ||||||||||||||
The Effect of Derivative Instruments on the Statement of Income for the Three and Nine Months Ended September 30, 2013 and 2012 follows: | ||||||||||||||||||
Derivatives in ASC Topic 815 Cash Flow Hedging Relationships | ||||||||||||||||||
(Dollars in thousands) | Amount of Gain | |||||||||||||||||
Location of | or (Loss) | |||||||||||||||||
Gain or (Loss) | Recognized in | |||||||||||||||||
Recognized in | Income on | |||||||||||||||||
Location of | Amount of Gain | Income on | Derivatives | |||||||||||||||
Amount of Gain | Gain or (Loss) | or (Loss) | Derivative (Ineffective | (Ineffective Portion | ||||||||||||||
or (Loss) | Reclassified from | Reclassified from | Portion and Amount | and Amount | ||||||||||||||
Recognized in OCI | Accumulated OCI | Accumulated OCI | Excluded from | Excluded from | ||||||||||||||
net of tax on Derivative | into Income | into Income | Effectiveness | Effectiveness | ||||||||||||||
Date / Type | (Effective Portion) | (Effective Portion) | (Effective Portion) | Testing) | Testing) | |||||||||||||
Interest rate contracts | ||||||||||||||||||
Three months ended: | ||||||||||||||||||
30-Sep-13 | $ | 51 | Interest Expense | $ | -97 | Other income (expense) | $ | - | ||||||||||
30-Sep-12 | $ | 106 | Interest Expense | $ | -192 | Other income (expense) | $ | - | ||||||||||
Nine months ended: | ||||||||||||||||||
30-Sep-13 | $ | 299 | Interest Expense | $ | -429 | Other income (expense) | $ | - | ||||||||||
30-Sep-12 | $ | 301 | Interest Expense | $ | -551 | Other income (expense) | $ | - | ||||||||||
Interest Rate Swap Agreements (“Swap Agreements”) | ||||||||||||||||||
The Bank has entered into an interest rate swap agreement as part of its asset/liability management program. The swap is a free-standing derivative and is recorded at fair value in the Corporation’s consolidated statements of condition. The Bank is party to master netting arrangements with its financial institution counterparty; however, the Bank does not offset assets and liabilities under these arrangements for financial statement presentation purposes. The master netting arrangements provide for a single net settlement of all swap agreements, as well as collateral, in the event of default on, or termination of, any one contract. Collateral, in the form of marketable securities, is posted by the counterparty with net liability positions in accordance with contract thresholds. | ||||||||||||||||||
Securities Sold Under Agreements to Repurchase (“Repurchase Agreements”) | ||||||||||||||||||
The Bank enters into agreements under which it sells securities subject to an obligation to repurchase the same or similar securities. Under these arrangements, the Bank may transfer legal control over the assets but still retain effective control through an agreement that both entitles and obligates the Bank to repurchase the agreements. As a result, these repurchase agreements are accounted for as collateralized financing arrangements (i.e., secured borrowings) and not as a sale and subsequent repurchase of securities. The obligation to repurchase the securities is reflected as a liability in the Corporation’s consolidated statements of condition, while the securities underlying the repurchase agreements remain in the respective investment securities asset accounts. In other words, there is no offsetting or netting of the investment securities assets with the repurchase agreement liabilities. In addition, as the Bank does not enter into reverse repurchase agreements, there is no such offsetting to be done with repurchase agreements. | ||||||||||||||||||
The following table presents the liabilities subject to an enforceable master netting arrangement or repurchase agreements as of September 30, 2013 and December 31, 2012. As of these dates, all of the Bank’s swap agreements with institutional counterparties were in a liability position. Therefore, there were no assets to be recognized in the consolidated statements of condition. The swap agreements we have with our commercial banking customers are not subject to an enforceable master netting arrangement, and therefore, are excluded from this table. | ||||||||||||||||||
Net Amounts | Gross Amounts Not Offset in the | |||||||||||||||||
Gross | Gross Amounts | of Liabilities | Statements of Condition | |||||||||||||||
Amounts of | Offset in the | Presented in the | ||||||||||||||||
Recognized | Statements of | Statements of | Financial | Cash Collateral | Net | |||||||||||||
(Dollars in thousands) | Liabilities | Condition | Condition | Instruments | Pledged | Amount | ||||||||||||
Interest Rate Swap Agreements | ||||||||||||||||||
30-Sep-13 | $ | 650 | $ | - | $ | 650 | $ | 650 | $ | - | $ | - | ||||||
31-Dec-12 | $ | 1,103 | $ | - | $ | 1,103 | $ | 1,103 | $ | - | $ | - | ||||||
Reclassifications
Reclassifications | 9 Months Ended |
Sep. 30, 2013 | |
Reclassifications [Abstract] | ' |
Reclassifications | ' |
Note 11. Reclassification | |
Certain prior period amounts may have been reclassified to conform to the current year presentation. Such reclassifications did not affect reported net income. | |
Basis_Of_Presentation_Policy
Basis Of Presentation (Policy) | 9 Months Ended |
Sep. 30, 2013 | |
Basis Of Presentation [Abstract] | ' |
Consolidation | ' |
The consolidated financial statements include the accounts of Franklin Financial Services Corporation (the Corporation), and its wholly-owned subsidiaries, Farmers and Merchants Trust Company of Chambersburg (the Bank) and Franklin Future Fund Inc. Farmers and Merchants Trust Company of Chambersburg is a commercial bank that has one wholly-owned subsidiary, Franklin Financial Properties Corp. Franklin Financial Property Corp. holds real estate assets that are leased by the Bank. Franklin Future Fund Inc. is a non-bank investment company. The activities of non-bank entities are not significant to the consolidated totals. All significant intercompany transactions and account balances have been eliminated. | |
In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the consolidated financial position, results of operations, and cash flows as of September 30, 2013, and for all other periods presented have been made. | |
Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted. It is suggested that these consolidated financial statements be read in conjunction with the audited consolidated financial statements and notes thereto included in the Corporation’s 2012 Annual Report on Form 10-K. The consolidated results of operations for the period ended September 30, 2013 are not necessarily indicative of the operating results for the full year. Management has evaluated subsequent events for potential recognition and/or disclosure through the date these consolidated financial statements were issued. | |
The consolidated financial information at December 31, 2012 has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by GAAP for complete consolidated financial statements. | |
For purposes of reporting cash flows, cash and cash equivalents include cash and due from banks, interest-bearing deposits in other banks and federal funds sold. Generally, federal funds are purchased and sold for one-day periods. | |
Earnings Per Share | ' |
Earnings per share are computed based on the weighted average number of shares outstanding during each period end. | |
Basis_Of_Presentation_Tables
Basis Of Presentation (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Basis Of Presentation [Abstract] | ' | |||||||||||
Schedule Of Earnings Per Share, Basic And Diluted | ' | |||||||||||
For the Three Months Ended | For the Nine Months Ended | |||||||||||
30-Sep | 30-Sep | |||||||||||
(Dollars and shares in thousands, except per share data) | 2013 | 2012 | 2013 | 2012 | ||||||||
Weighted average shares outstanding (basic) | 4,142 | 4,083 | 4,127 | 4,063 | ||||||||
Impact of common stock equivalents | 2 | 3 | 5 | 1 | ||||||||
Weighted average shares outstanding (diluted) | 4,144 | 4,086 | 4,132 | 4,064 | ||||||||
Anti-dilutive options excluded from calculation | 56 | 72 | 57 | 93 | ||||||||
Net income | $ | 2,185 | $ | 1,747 | $ | 5,091 | $ | 5,021 | ||||
Basic earnings per share | $ | 0.53 | $ | 0.43 | $ | 1.23 | $ | 1.24 | ||||
Diluted earnings per share | $ | 0.53 | $ | 0.43 | $ | 1.23 | $ | 1.24 | ||||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended | |||||
Sep. 30, 2013 | ||||||
Accumulated Other Comprehensive Loss [Abstract] | ' | |||||
Schedule Of Accumulated Other Comprehensive Loss | ' | |||||
30-Sep | 31-Dec | |||||
2013 | 2012 | |||||
(Dollars in thousands) | ||||||
Net unrealized gains (losses) on securities | $ | -774 | $ | 2,543 | ||
Tax effect | 263 | -865 | ||||
Net of tax amount | -511 | 1,678 | ||||
Net unrealized losses on derivatives | -650 | -1,103 | ||||
Tax effect | 221 | 375 | ||||
Net of tax amount | -429 | -728 | ||||
Accumulated pension adjustment | -7,576 | -7,576 | ||||
Tax effect | 2,576 | 2,576 | ||||
Net of tax amount | -5,000 | -5,000 | ||||
Total accumulated other comprehensive loss | $ | -5,940 | $ | -4,050 | ||
Investments_Tables
Investments (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Investments [Abstract] | ' | |||||||||||||||||||||||
Unrealized Gain (Loss) On Investments | ' | |||||||||||||||||||||||
(Dollars in thousands) | Gross | Gross | ||||||||||||||||||||||
Amortized | unrealized | unrealized | Fair | |||||||||||||||||||||
30-Sep-13 | cost | gains | losses | value | ||||||||||||||||||||
Equity securities | $ | 1,399 | $ | 121 | $ | -6 | $ | 1,514 | ||||||||||||||||
U.S. Government agency securities | 11,939 | 118 | -130 | 11,927 | ||||||||||||||||||||
Municipal securities | 58,010 | 1,426 | -1,390 | 58,046 | ||||||||||||||||||||
Corporate debt securities | 1,003 | - | -2 | 1,001 | ||||||||||||||||||||
Trust preferred securities | 5,918 | - | -789 | 5,129 | ||||||||||||||||||||
Agency mortgage-backed securities | 83,140 | 776 | -880 | 83,036 | ||||||||||||||||||||
Private-label mortgage-backed securities | 2,075 | 23 | -36 | 2,062 | ||||||||||||||||||||
Asset-backed securities | 51 | - | -5 | 46 | ||||||||||||||||||||
$ | 163,535 | $ | 2,464 | $ | -3,238 | $ | 162,761 | |||||||||||||||||
(Dollars in thousands) | Gross | Gross | ||||||||||||||||||||||
Amortized | unrealized | unrealized | Fair | |||||||||||||||||||||
31-Dec-12 | cost | gains | losses | value | ||||||||||||||||||||
Equity securities | $ | 2,104 | $ | 92 | $ | -255 | $ | 1,941 | ||||||||||||||||
U.S. Government agency securities | 12,657 | 156 | -4 | 12,809 | ||||||||||||||||||||
Municipal securities | 58,395 | 2,984 | -163 | 61,216 | ||||||||||||||||||||
Corporate debt securities | 1,005 | - | -11 | 994 | ||||||||||||||||||||
Trust preferred securities | 5,905 | - | -1,075 | 4,830 | ||||||||||||||||||||
Agency mortgage-backed securities | 48,121 | 1,029 | -84 | 49,066 | ||||||||||||||||||||
Private-label mortgage-backed securities | 2,539 | 10 | -123 | 2,426 | ||||||||||||||||||||
Asset-backed securities | 59 | - | -13 | 46 | ||||||||||||||||||||
$ | 130,785 | $ | 4,271 | $ | -1,728 | $ | 133,328 | |||||||||||||||||
Amortized Cost And Fair Value Of Debt Securities, By Contractual Maturity | ' | |||||||||||||||||||||||
(Dollars in thousands) | Amorized cost | Fair value | ||||||||||||||||||||||
Due in one year or less | $ | 1,835 | $ | 1,840 | ||||||||||||||||||||
Due after one year through five years | 13,570 | 14,163 | ||||||||||||||||||||||
Due after five years through ten years | 22,179 | 22,383 | ||||||||||||||||||||||
Due after ten years | 39,337 | 37,763 | ||||||||||||||||||||||
76,921 | 76,149 | |||||||||||||||||||||||
Mortgage-backed securities | 85,215 | 85,098 | ||||||||||||||||||||||
$ | 162,136 | $ | 161,247 | |||||||||||||||||||||
Schedule Of Trust Preferred Securities | ' | |||||||||||||||||||||||
(Dollars in thousands) | ||||||||||||||||||||||||
Deal Name | Single Issuer or Pooled | Class | Amortized Cost | Fair Value | Gross Unrealized Gain (Loss) | Lowest Credit Rating Assigned | Number of Banks Currently Performing | Deferrals and Defaults as % of Original Collateral | Expected Deferral/ Defaults as a Percentage of Remaining Performing Collateral | |||||||||||||||
Huntington Cap Trust | Single | Preferred Stock | $ | 935 | $ | 816 | $ | -119 | BB | 1 | None | None | ||||||||||||
Huntington Cap Trust II | Single | Preferred Stock | 884 | 786 | -98 | BB | 1 | None | None | |||||||||||||||
BankAmerica Cap III | Single | Preferred Stock | 960 | 802 | -158 | Ba2 | 1 | None | None | |||||||||||||||
Wachovia Cap Trust II | Single | Preferred Stock | 275 | 249 | -26 | BBB+ | 1 | None | None | |||||||||||||||
Corestates Captl Tr II | Single | Preferred Stock | 931 | 846 | -85 | BBB+ | 1 | None | None | |||||||||||||||
Chase Cap VI JPM | Single | Preferred Stock | 960 | 829 | -131 | BBB | 1 | None | None | |||||||||||||||
Fleet Cap Tr V | Single | Preferred Stock | 973 | 801 | -172 | Ba2 | 1 | None | None | |||||||||||||||
$ | 5,918 | $ | 5,129 | $ | -789 | |||||||||||||||||||
Private Label Mortgage Backed Securities | ' | |||||||||||||||||||||||
(Dollars in thousands) | Gross | Cumulative | ||||||||||||||||||||||
Origination | Amortized | Fair | Unrealized | Collateral | Lowest Credit | Credit | OTTI | |||||||||||||||||
Description | Date | Cost | Value | Gain (Loss) | Type | Rating Assigned | Support % | Charges | ||||||||||||||||
RALI 2004-QS4 A7 | 3/1/04 | $ | 213 | $ | 212 | $ | -1 | ALT A | BBB+ | 12.22 | $ | - | ||||||||||||
MALT 2004-6 7A1 | 6/1/04 | 450 | 461 | 11 | ALT A | CCC | 13.80 | - | ||||||||||||||||
RALI 2005-QS2 A1 | 2/1/05 | 340 | 351 | 11 | ALT A | CC | 6.22 | 10 | ||||||||||||||||
RALI 2006-QS4 A2 | 4/1/06 | 624 | 611 | -13 | ALT A | D | - | 293 | ||||||||||||||||
GSR 2006-5F 2A1 | 5/1/06 | 106 | 107 | 1 | Prime | D | - | 15 | ||||||||||||||||
RALI 2006-QS8 A1 | 7/28/06 | 342 | 320 | -22 | ALT A | D | - | 197 | ||||||||||||||||
$ | 2,075 | $ | 2,062 | $ | -13 | $ | 515 | |||||||||||||||||
Schedule Of Unrealized Loss On Investments | ' | |||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
(Dollars in thousands) | Value | Losses | Count | Value | Losses | Count | Value | Losses | Count | |||||||||||||||
Equity securities | $ | 373 | $ | -3 | 2 | $ | 13 | $ | -3 | 1 | $ | 386 | $ | -6 | 3 | |||||||||
U.S. Government agency securities | 3,878 | -111 | 6 | 3,907 | -19 | 7 | 7,785 | -130 | 13 | |||||||||||||||
Municipal securities | 18,343 | -1,253 | 26 | 1,683 | -137 | 2 | 20,026 | -1,390 | 28 | |||||||||||||||
Corporate debt securities | - | - | - | 1,001 | -2 | 1 | 1,001 | -2 | 1 | |||||||||||||||
Trust preferred securities | - | - | - | 5,129 | -789 | 7 | 5,129 | -789 | 7 | |||||||||||||||
Agency mortgage-backed securities | 44,184 | -874 | 43 | 1,199 | -6 | 2 | 45,383 | -880 | 45 | |||||||||||||||
Private-label mortgage-backed securities | - | - | - | 1,143 | -36 | 3 | 1,143 | -36 | 3 | |||||||||||||||
Asset-backed securities | - | - | - | 46 | -5 | 3 | 46 | -5 | 3 | |||||||||||||||
Total temporarily impaired securities | $ | 66,778 | $ | -2,241 | 77 | $ | 14,121 | $ | -997 | 26 | $ | 80,899 | $ | -3,238 | 103 | |||||||||
31-Dec-12 | ||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | ||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
(Dollars in thousands) | Value | Losses | Count | Value | Losses | Count | Value | Losses | Count | |||||||||||||||
Equity securities | $ | 226 | $ | -20 | 3 | $ | 1,236 | $ | -235 | 13 | $ | 1,462 | $ | -255 | 16 | |||||||||
U.S. Government agency securities | 938 | -1 | 1 | 3,346 | -3 | 6 | 4,284 | -4 | 7 | |||||||||||||||
Municipal securities | 8,789 | -163 | 10 | - | - | - | 8,789 | -163 | 10 | |||||||||||||||
Corporate debt securities | - | - | - | 994 | -11 | 1 | 994 | -11 | 1 | |||||||||||||||
Trust preferred securities | - | - | - | 4,830 | -1,075 | 7 | 4,830 | -1,075 | 7 | |||||||||||||||
Agency mortgage-backed securities | 6,869 | -68 | 8 | 2,664 | -16 | 6 | 9,533 | -84 | 14 | |||||||||||||||
Private-label mortgage-backed securities | - | - | - | 1,875 | -123 | 5 | 1,875 | -123 | 5 | |||||||||||||||
Asset-backed securities | - | - | - | 46 | -13 | 3 | 46 | -13 | 3 | |||||||||||||||
Total temporarily impaired securities | $ | 16,822 | $ | -252 | 22 | $ | 14,991 | $ | -1,476 | 41 | $ | 31,813 | $ | -1,728 | 63 | |||||||||
Loans_Tables
Loans (Tables) | 9 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Loans [Abstract] | ' | ||||||||||
Summary Of Loans Outstanding | ' | ||||||||||
Change | |||||||||||
(Dollars in thousands) | 30-Sep-13 | 31-Dec-12 | Amount | % | |||||||
Residential Real Estate 1-4 Family | |||||||||||
Consumer first liens | $ | 103,388 | $ | 93,790 | $ | 9,598 | 10.2 | ||||
Consumer junior liens and lines of credit | 33,750 | 35,494 | -1,744 | -4.9 | |||||||
Total consumer | 137,138 | 129,284 | 7,854 | 6.1 | |||||||
Commercial first lien | 57,882 | 60,809 | -2,927 | -4.8 | |||||||
Commercial junior liens and lines of credit | 6,176 | 6,794 | -618 | -9.1 | |||||||
Total | 64,058 | 67,603 | -3,545 | -5.2 | |||||||
Total residential real estate 1-4 family | 201,196 | 196,887 | 4,309 | 2.2 | |||||||
Residential real estate - construction | |||||||||||
Consumer purpose | 2,795 | 3,255 | -460 | -14.1 | |||||||
Commercial purpose | 7,986 | 12,177 | -4,191 | -34.4 | |||||||
Total residential real estate construction | 10,781 | 15,432 | -4,651 | -30.1 | |||||||
Commercial, industrial and agricultural real estate | 348,721 | 363,874 | -15,153 | -4.2 | |||||||
Commercial, industrial and agricultural | 150,323 | 166,734 | -16,411 | -9.8 | |||||||
Total commercial, industrial and agricultural | 499,044 | 530,608 | -31,564 | -5.9 | |||||||
Consumer | 9,130 | 10,652 | -1,522 | -14.3 | |||||||
720,151 | 753,579 | -33,428 | -4.4 | ||||||||
Less: Allowance for loan losses | -11,376 | -10,379 | -997 | 9.6 | |||||||
Net Loans | $ | 708,775 | $ | 743,200 | $ | -34,425 | -4.6 | ||||
Included in the loan balances are the following: | |||||||||||
Net unamortized deferred loan costs | $ | 367 | $ | 456 | |||||||
Unamortized discount on purchased loans | $ | -106 | $ | -129 | |||||||
Loans pledged as collateral for borrowings and commitments from: | |||||||||||
FHLB | $ | 592,392 | $ | 657,684 | |||||||
Federal Reserve Bank | 71,128 | 112,613 | |||||||||
$ | 663,520 | $ | 770,297 | ||||||||
Loan_Quality_Tables
Loan Quality (Tables) | 9 Months Ended | |||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||
Loan Quality [Abstract] | ' | |||||||||||||||||||||
Allowance For Loan Losses, By Loan Segment | ' | |||||||||||||||||||||
The following table presents, by loan segment, the activity in the Allowance for Loan Losses (ALL) for the periods ended: | ||||||||||||||||||||||
Commercial | ||||||||||||||||||||||
Residential Real Estate 1-4 Family | Industrial & | Commercial | ||||||||||||||||||||
Junior Liens & | Agricultural | Industrial & | ||||||||||||||||||||
(Dollars in thousands) | First Liens | Lines of Credit | Construction | Real Estate | Agricultural | Consumer | Total | |||||||||||||||
Allowance at June 30, 2013 | $ | 1,365 | $ | 278 | $ | 701 | $ | 6,730 | $ | 2,202 | $ | 162 | $ | 11,438 | ||||||||
Charge-offs | - | - | - | -369 | -35 | -29 | -433 | |||||||||||||||
Recoveries | 1 | - | - | 2 | 5 | 13 | 21 | |||||||||||||||
Provision | 125 | -15 | -448 | 598 | 79 | 11 | 350 | |||||||||||||||
Allowance at September 30, 2013 | $ | 1,491 | $ | 263 | $ | 253 | $ | 6,961 | $ | 2,251 | $ | 157 | $ | 11,376 | ||||||||
Allowance at December 31, 2012 | $ | 913 | $ | 306 | $ | 899 | $ | 6,450 | $ | 1,620 | $ | 191 | $ | 10,379 | ||||||||
Charge-offs | -39 | -45 | - | -536 | -362 | -113 | -1,095 | |||||||||||||||
Recoveries | 10 | - | - | 5 | 80 | 42 | 137 | |||||||||||||||
Provision | 607 | 2 | -646 | 1,042 | 913 | 37 | 1,955 | |||||||||||||||
Allowance at September 30, 2013 | $ | 1,491 | $ | 263 | $ | 253 | $ | 6,961 | $ | 2,251 | $ | 157 | $ | 11,376 | ||||||||
Allowance at June 30, 2012 | $ | 777 | $ | 321 | $ | 925 | $ | 5,839 | $ | 1,564 | $ | 201 | $ | 9,627 | ||||||||
Charge-offs | -71 | - | - | -159 | -73 | -61 | -364 | |||||||||||||||
Recoveries | - | - | - | 2 | 10 | 13 | 25 | |||||||||||||||
Provision | 157 | -3 | -8 | 269 | 359 | 51 | 825 | |||||||||||||||
Allowance at September 30, 2012 | $ | 863 | $ | 318 | $ | 917 | $ | 5,951 | $ | 1,860 | $ | 204 | $ | 10,113 | ||||||||
Allowance at December 31, 2011 | $ | 1,049 | $ | 308 | $ | 1,222 | $ | 5,257 | $ | 1,651 | $ | 236 | $ | 9,723 | ||||||||
Charge-offs | -251 | -65 | - | -2,413 | -418 | -183 | -3,330 | |||||||||||||||
Recoveries | - | 25 | - | 11 | 17 | 67 | 120 | |||||||||||||||
Provision | 65 | 50 | -305 | 3,096 | 610 | 84 | 3,600 | |||||||||||||||
Allowance at September 30, 2012 | $ | 863 | $ | 318 | $ | 917 | $ | 5,951 | $ | 1,860 | $ | 204 | $ | 10,113 | ||||||||
Allowance at December 31, 2011 | $ | 1,049 | $ | 308 | $ | 1,222 | $ | 5,257 | $ | 1,651 | $ | 236 | $ | 9,723 | ||||||||
Charge-offs | -251 | -71 | - | -3,298 | -861 | -236 | -4,717 | |||||||||||||||
Recoveries | 1 | 25 | - | 13 | 21 | 88 | 148 | |||||||||||||||
Provision | 114 | 44 | -323 | 4,478 | 809 | 103 | 5,225 | |||||||||||||||
Allowance at December 31, 2012 | $ | 913 | $ | 306 | $ | 899 | $ | 6,450 | $ | 1,620 | $ | 191 | $ | 10,379 | ||||||||
The following table presents, by loan segment, loans that were evaluated for the ALL under the specific reserve (individually) and those that were evaluated under the general reserve (collectively), and the amount of the allowance established in each category as of September 30, 2013 and December 31, 2012: | ||||||||||||||||||||||
Commercial | ||||||||||||||||||||||
Residential Real Estate 1-4 Family | Industrial & | Commercial | ||||||||||||||||||||
Junior Liens & | Agricultural | Industrial & | ||||||||||||||||||||
(Dollars in thousands) | First Liens | Lines of Credit | Construction | Real Estate | Agricultural | Consumer | Total | |||||||||||||||
30-Sep-13 | ||||||||||||||||||||||
Loans evaluated for allowance: | ||||||||||||||||||||||
Individually | $ | 2,755 | $ | 243 | $ | 542 | $ | 30,958 | $ | 2,025 | $ | - | $ | 36,523 | ||||||||
Collectively | 158,515 | 39,683 | 10,239 | 317,763 | 148,298 | 9,130 | 683,628 | |||||||||||||||
Total | $ | 161,270 | $ | 39,926 | $ | 10,781 | $ | 348,721 | $ | 150,323 | $ | 9,130 | $ | 720,151 | ||||||||
Allowance established for loans evaluated: | ||||||||||||||||||||||
Individually | $ | 514 | $ | - | $ | - | $ | 1,325 | $ | 1,023 | $ | - | $ | 2,862 | ||||||||
Collectively | 977 | 263 | 253 | 5,636 | 1,228 | 157 | 8,514 | |||||||||||||||
Allowance at September 30, 2013 | $ | 1,491 | $ | 263 | $ | 253 | $ | 6,961 | $ | 2,251 | $ | 157 | $ | 11,376 | ||||||||
31-Dec-12 | ||||||||||||||||||||||
Loans evaluated for allowance: | ||||||||||||||||||||||
Individually | $ | 3,583 | $ | 692 | $ | 557 | $ | 30,949 | $ | 3,583 | $ | - | $ | 39,364 | ||||||||
Collectively | 151,016 | 41,596 | 14,875 | 332,925 | 163,151 | 10,652 | 714,215 | |||||||||||||||
Total | $ | 154,599 | $ | 42,288 | $ | 15,432 | $ | 363,874 | $ | 166,734 | $ | 10,652 | $ | 753,579 | ||||||||
Allowance established for loans evaluated: | ||||||||||||||||||||||
Individually | $ | 20 | $ | 3 | $ | - | $ | 357 | $ | 467 | $ | - | $ | 847 | ||||||||
Collectively | 893 | 303 | 899 | 6,093 | 1,153 | 191 | 9,532 | |||||||||||||||
Allowance at December 31, 2012 | $ | 913 | $ | 306 | $ | 899 | $ | 6,450 | $ | 1,620 | $ | 191 | $ | 10,379 | ||||||||
Impaired Financing Receivables | ' | |||||||||||||||||||||
The following table shows additional information about those loans considered to be impaired at September 30, 2013 and December 31, 2012: | ||||||||||||||||||||||
Impaired Loans | ||||||||||||||||||||||
With No Allowance | With Allowance | |||||||||||||||||||||
(Dollars in thousands) | Unpaid | Unpaid | ||||||||||||||||||||
Recorded | Principal | Recorded | Principal | Related | ||||||||||||||||||
30-Sep-13 | Investment | Balance | Investment | Balance | Allowance | |||||||||||||||||
Residential Real Estate 1-4 Family | ||||||||||||||||||||||
First liens | $ | 1,554 | $ | 1,621 | $ | 1,796 | $ | 1,796 | $ | 514 | ||||||||||||
Junior liens and lines of credit | 416 | 436 | - | - | - | |||||||||||||||||
Total | 1,970 | 2,057 | 1,796 | 1,796 | 514 | |||||||||||||||||
Residential real estate - construction | 542 | 559 | - | - | - | |||||||||||||||||
Commercial, industrial and agricultural real estate | 25,418 | 29,168 | 5,592 | 6,494 | 1,325 | |||||||||||||||||
Commercial, industrial and agricultural | 89 | 89 | 1,999 | 2,052 | 1,023 | |||||||||||||||||
Consumer | - | - | - | - | - | |||||||||||||||||
Total | $ | 28,019 | $ | 31,873 | $ | 9,387 | $ | 10,342 | $ | 2,862 | ||||||||||||
31-Dec-12 | ||||||||||||||||||||||
Residential Real Estate 1-4 Family | ||||||||||||||||||||||
First liens | $ | 3,504 | $ | 3,715 | $ | 80 | $ | 80 | $ | 20 | ||||||||||||
Junior liens and lines of credit | 691 | 707 | - | - | - | |||||||||||||||||
Total | 4,195 | 4,422 | 80 | 80 | 20 | |||||||||||||||||
Residential real estate - construction | 557 | 567 | - | - | - | |||||||||||||||||
Commercial, industrial and agricultural real estate | 28,346 | 31,937 | 2,603 | 3,194 | 357 | |||||||||||||||||
Commercial, industrial and agricultural | 2,495 | 2,584 | 1,088 | 1,145 | 470 | |||||||||||||||||
Consumer | - | - | - | - | - | |||||||||||||||||
Total | $ | 35,593 | $ | 39,510 | $ | 3,771 | $ | 4,419 | $ | 847 | ||||||||||||
The following table shows the average of impaired loans and related interest income for the three and nine months ended September 30, 2013 and 2012: | ||||||||||||||||||||||
Three Months Ended | Three Months Ended | |||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | |||||||||||||||||||||
Average | Interest | Average | Interest | |||||||||||||||||||
(Dollars in thousands) | Recorded | Income | Recorded | Income | ||||||||||||||||||
Investment | Recognized | Investment | Recognized | |||||||||||||||||||
Residential Real Estate 1-4 Family | ||||||||||||||||||||||
First liens | $ | 3,365 | $ | 4 | $ | 3,791 | $ | 4 | ||||||||||||||
Junior liens and lines of credit | 417 | - | 740 | - | ||||||||||||||||||
Total | 3,782 | 4 | 4,531 | 4 | ||||||||||||||||||
Residential real estate - construction | 544 | - | 571 | - | ||||||||||||||||||
Commercial, industrial and agricultural real estate | 31,730 | 118 | 27,741 | 35 | ||||||||||||||||||
Commercial, industrial and agricultural | 2,112 | - | 4,099 | 31 | ||||||||||||||||||
Consumer | - | - | - | - | ||||||||||||||||||
Total | $ | 38,168 | $ | 122 | $ | 36,942 | $ | 70 | ||||||||||||||
Nine Months Ended | Nine Months Ended | |||||||||||||||||||||
30-Sep-13 | 30-Sep-12 | |||||||||||||||||||||
Average | Interest | Average | Interest | |||||||||||||||||||
(Dollars in thousands) | Recorded | Income | Recorded | Income | ||||||||||||||||||
Investment | Recognized | Investment | Recognized | |||||||||||||||||||
Residential Real Estate 1-4 Family | ||||||||||||||||||||||
First liens | $ | 3,477 | $ | 12 | $ | 4,225 | $ | 55 | ||||||||||||||
Junior liens and lines of credit | 613 | 5 | 760 | 1 | ||||||||||||||||||
Total | 4,090 | 17 | 4,985 | 56 | ||||||||||||||||||
Residential real estate - construction | 550 | - | 424 | - | ||||||||||||||||||
Commercial, industrial and agricultural real estate | 30,508 | 252 | 25,445 | 125 | ||||||||||||||||||
Commercial, industrial and agricultural | 3,015 | - | 4,211 | 104 | ||||||||||||||||||
Consumer | - | - | - | - | ||||||||||||||||||
Total | $ | 38,163 | $ | 269 | $ | 35,065 | $ | 285 | ||||||||||||||
Aging Of Payments Of The Loan Portfolio | ' | |||||||||||||||||||||
(Dollars in thousands) | Loans Past Due and Still Accruing | Total | ||||||||||||||||||||
Current | 30-59 Days | 60-89 Days | 90 Days+ | Total | Non-Accrual | Loans | ||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||
Residential Real Estate 1-4 Family | ||||||||||||||||||||||
First liens | $ | 157,251 | $ | 464 | $ | 543 | $ | 52 | $ | 1,059 | $ | 2,960 | $ | 161,270 | ||||||||
Junior liens and lines of credit | 39,238 | 187 | 43 | 41 | 271 | 417 | 39,926 | |||||||||||||||
Total | 196,489 | 651 | 586 | 93 | 1,330 | 3,377 | 201,196 | |||||||||||||||
Residential real estate - construction | 10,239 | - | - | - | - | 542 | 10,781 | |||||||||||||||
Commercial, industrial and agricultural real estate | 324,733 | 1,349 | 321 | - | 1,670 | 22,318 | 348,721 | |||||||||||||||
Commercial, industrial and agricultural | 147,650 | 96 | 75 | 68 | 239 | 2,434 | 150,323 | |||||||||||||||
Consumer | 8,986 | 110 | 24 | 10 | 144 | - | 9,130 | |||||||||||||||
Total | $ | 688,097 | $ | 2,206 | $ | 1,006 | $ | 171 | $ | 3,383 | $ | 28,671 | $ | 720,151 | ||||||||
31-Dec-12 | ||||||||||||||||||||||
Residential Real Estate 1-4 Family | ||||||||||||||||||||||
First liens | $ | 147,236 | $ | 2,862 | $ | 797 | $ | 120 | $ | 3,779 | $ | 3,584 | $ | 154,599 | ||||||||
Junior liens and lines of credit | 40,741 | 449 | 228 | 112 | 789 | 758 | 42,288 | |||||||||||||||
Total | 187,977 | 3,311 | 1,025 | 232 | 4,568 | 4,342 | 196,887 | |||||||||||||||
Residential real estate - construction | 14,875 | - | - | - | - | 557 | 15,432 | |||||||||||||||
Commercial, industrial and agricultural real estate | 334,822 | 64 | 329 | - | 393 | 28,659 | 363,874 | |||||||||||||||
Commercial, industrial and agricultural | 163,387 | 161 | 35 | 315 | 511 | 2,836 | 166,734 | |||||||||||||||
Consumer | 10,339 | 258 | 39 | 16 | 313 | - | 10,652 | |||||||||||||||
Total | $ | 711,400 | $ | 3,794 | $ | 1,428 | $ | 563 | $ | 5,785 | $ | 36,394 | $ | 753,579 | ||||||||
Internal Credit Rating For The Loan Portfolio | ' | |||||||||||||||||||||
(Dollars in thousands) | Pass | OAEM | Substandard | Doubtful | Total | |||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||
Residential Real Estate 1-4 Family | ||||||||||||||||||||||
First liens | $ | 149,712 | $ | 4,052 | $ | 7,506 | $ | - | $ | 161,270 | ||||||||||||
Junior liens and lines of credit | 39,105 | 102 | 719 | - | 39,926 | |||||||||||||||||
Total | 188,817 | 4,154 | 8,225 | - | 201,196 | |||||||||||||||||
Residential real estate - construction | 8,990 | 74 | 1,717 | - | 10,781 | |||||||||||||||||
Commercial, industrial and agricultural real estate | 291,358 | 16,423 | 40,940 | - | 348,721 | |||||||||||||||||
Commercial, industrial and agricultural | 134,718 | 4,131 | 11,474 | - | 150,323 | |||||||||||||||||
Consumer | 9,120 | - | 10 | - | 9,130 | |||||||||||||||||
Total | $ | 633,003 | $ | 24,782 | $ | 62,366 | $ | - | $ | 720,151 | ||||||||||||
31-Dec-12 | ||||||||||||||||||||||
Residential Real Estate 1-4 Family | ||||||||||||||||||||||
First liens | $ | 139,549 | $ | 6,277 | $ | 8,773 | $ | - | $ | 154,599 | ||||||||||||
Junior liens and lines of credit | 40,584 | 175 | 1,529 | - | 42,288 | |||||||||||||||||
Total | 180,133 | 6,452 | 10,302 | - | 196,887 | |||||||||||||||||
Residential real estate - construction | 11,284 | 2,922 | 1,226 | - | 15,432 | |||||||||||||||||
Commercial, industrial and agricultural real estate | 299,075 | 20,221 | 41,828 | 2,750 | 363,874 | |||||||||||||||||
Commercial, industrial and agricultural | 148,195 | 3,120 | 15,419 | - | 166,734 | |||||||||||||||||
Consumer | 10,636 | - | 16 | - | 10,652 | |||||||||||||||||
Total | $ | 649,323 | $ | 32,715 | $ | 68,791 | $ | 2,750 | $ | 753,579 | ||||||||||||
Troubled Debt Restructuring Loans | ' | |||||||||||||||||||||
The following table presents information on the Bank’s Troubled Debt Restructuring (TDR) loans: | ||||||||||||||||||||||
Troubled Debt Restructings | ||||||||||||||||||||||
That Have Defaulted on | ||||||||||||||||||||||
(Dollars in thousands) | Troubled Debt Restructings | Modified Terms YTD | ||||||||||||||||||||
Number of | Recorded | Number of | Recorded | |||||||||||||||||||
Contracts | Investment | Performing* | Nonperforming* | Contracts | Investment | |||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||
Real estate construction | 1 | $ | 542 | $ | - | $ | 542 | - | $ | - | ||||||||||||
Residential real estate | 4 | 390 | 390 | - | - | - | ||||||||||||||||
Commercial, industrial and agricultural real estate | 14 | 18,786 | 17,210 | 1,576 | - | - | ||||||||||||||||
Total | 19 | $ | 19,718 | $ | 17,600 | $ | 2,118 | - | $ | - | ||||||||||||
31-Dec-12 | ||||||||||||||||||||||
Real estate construction | 1 | $ | 557 | $ | 557 | $ | - | - | $ | - | ||||||||||||
Residential real estate | 4 | 467 | 467 | - | - | - | ||||||||||||||||
Commercial, industrial and agricultural | 2 | 1,812 | 1,812 | - | - | - | ||||||||||||||||
Commercial, industrial and agricultural real estate | 12 | 8,594 | 8,594 | - | - | - | ||||||||||||||||
Total | 19 | $ | 11,430 | $ | 11,430 | $ | - | - | $ | - | ||||||||||||
* The performing status is determined by the loan's compliance with the modified terms | ||||||||||||||||||||||
The following table reports new TDR loans during 2013 and the recorded investment as of September 30, 2013. There were no new TDR loans recorded during the three months ended September 30, 2013. | ||||||||||||||||||||||
(Dollars in thousands) | New During Period | |||||||||||||||||||||
Number of | Pre-TDR | After-TDR | Recorded | |||||||||||||||||||
Nine Months Ended September 30, 2013 | Contracts | Modification | Modification | Investment | Concession | |||||||||||||||||
Residential real estate | 1 | $ | 75 | $ | 75 | $ | 73 | multiple | ||||||||||||||
Commercial, industrial and agricultural real estate | 2 | 10,458 | 10,745 | 10,659 | multiple | |||||||||||||||||
Total | 3 | $ | 10,533 | $ | 10,820 | $ | 10,732 | |||||||||||||||
The following table reports new TDR loans made during 2012 and the recorded investment as of September 30, 2012. | ||||||||||||||||||||||
(Dollars in thousands) | New During Period | |||||||||||||||||||||
Number of | Pre-TDR | After-TDR | Recorded | |||||||||||||||||||
Three Months Ended September 30, 2012 | Contracts | Modification | Modification | Investment | Concession | |||||||||||||||||
Residential real estate | 1 | $ | 221 | $ | 240 | $ | 240 | multiple | ||||||||||||||
Nine Months Ended September 30, 2012 | ||||||||||||||||||||||
Real estate construction | 2 | $ | 1,111 | $ | 935 | $ | 570 | multiple | ||||||||||||||
Residential real estate | 2 | 371 | 390 | 386 | multiple | |||||||||||||||||
Commercial, industrial and agricultural | 2 | 2,223 | 2,223 | 1,818 | maturity | |||||||||||||||||
Commercial, industrial and agricultural real estate | 3 | 1,662 | 2,052 | 2,004 | multiple | |||||||||||||||||
Total | 9 | $ | 5,367 | $ | 5,600 | $ | 4,778 | |||||||||||||||
Pensions_Tables
Pensions (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Pensions [Abstract] | ' | |||||||||||
Schedule Of Net Periodic Pension Costs | ' | |||||||||||
Three Months Ended September 30 | Nine Months Ended September 30 | |||||||||||
(Dollars in thousands) | 2013 | 2012 | 2013 | 2012 | ||||||||
Components of net periodic cost: | ||||||||||||
Service cost | $ | 114 | $ | 115 | $ | 342 | $ | 345 | ||||
Interest cost | 179 | 179 | 537 | 537 | ||||||||
Expected return on plan assets | -312 | -197 | -936 | -591 | ||||||||
Recognized net actuarial loss | 159 | 171 | 477 | 514 | ||||||||
Net period cost | $ | 140 | $ | 268 | $ | 420 | $ | 805 | ||||
Fair_Value_Measurements_And_Fa1
Fair Value Measurements And Fair Values Of Financial Instruments (Tables) | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Fair Value Measurements And Fair Values Of Financial Instruments [Abstract] | ' | ||||||||||||||
Fair Value, By Balance Sheet Grouping | ' | ||||||||||||||
30-Sep-13 | |||||||||||||||
Carrying | Fair | ||||||||||||||
(Dollars in thousands) | Amount | Value | Level 1 | Level 2 | Level 3 | ||||||||||
Financial assets: | |||||||||||||||
Cash and cash equivalents | $ | 61,633 | $ | 61,633 | $ | 61,633 | $ | - | $ | - | |||||
Investment securities available for sale | 162,761 | 162,761 | 1,514 | 161,247 | - | ||||||||||
Restricted stock | 1,906 | 1,906 | - | 1,906 | - | ||||||||||
Loans held for sale | 446 | 446 | - | 446 | - | ||||||||||
Net loans | 708,775 | 713,465 | - | - | 713,465 | ||||||||||
Accrued interest receivable | 2,849 | 2,849 | - | 2,849 | - | ||||||||||
Mortgage servicing rights | 195 | 195 | - | - | 195 | ||||||||||
Financial liabilities: | |||||||||||||||
Deposits | $ | 865,818 | $ | 866,512 | $ | - | $ | 866,512 | $ | - | |||||
Securities sold under agreements to repurchase | 23,870 | 23,870 | - | 23,870 | - | ||||||||||
Long-term debt | 12,405 | 13,084 | - | 13,084 | - | ||||||||||
Accrued interest payable | 348 | 348 | - | 348 | - | ||||||||||
Interest rate swaps | 650 | 650 | - | 650 | - | ||||||||||
31-Dec-12 | |||||||||||||||
Carrying | Fair | ||||||||||||||
(Dollars in thousands) | Amount | Value | Level 1 | Level 2 | Level 3 | ||||||||||
Financial assets: | |||||||||||||||
Cash and cash equivalents | $ | 77,834 | $ | 77,834 | $ | 77,834 | $ | - | $ | - | |||||
Investment securities available for sale | 133,328 | 133,328 | 1,941 | 131,387 | - | ||||||||||
Restricted stock | 3,571 | 3,571 | - | 3,571 | - | ||||||||||
Loans held for sale | 67 | 67 | - | 67 | - | ||||||||||
Net loans | 743,200 | 759,490 | - | - | 759,490 | ||||||||||
Accrued interest receivable | 3,178 | 3,178 | - | 3,178 | - | ||||||||||
Mortgage servicing rights | 235 | 235 | - | - | 235 | ||||||||||
Financial liabilities: | $ | ||||||||||||||
Deposits | 874,440 | $ | 876,240 | $ | - | $ | 876,240 | $ | - | ||||||
Securities sold under agreements to repurchase | 42,209 | 42,209 | - | 42,209 | - | ||||||||||
Long-term debt | 12,410 | 13,718 | - | 13,718 | - | ||||||||||
Accrued interest payable | 348 | 348 | - | 348 | - | ||||||||||
Interest rate swaps | 1,103 | 1,103 | - | 1,103 | - | ||||||||||
Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis | ' | ||||||||||||||
(Dollars in Thousands) | Fair Value at September 30, 2013 | ||||||||||||||
Asset Description | Level 1 | Level 2 | Level 3 | Total | |||||||||||
Equity securities | $ | 1,514 | $ | - | $ | - | $ | 1,514 | |||||||
Obligations of U.S. Government agencies | - | 11,927 | - | 11,927 | |||||||||||
Municipal securities | - | 58,046 | - | 58,046 | |||||||||||
Corporate debt securities | - | 1,001 | - | 1,001 | |||||||||||
Trust Preferred Securities | - | 5,129 | - | 5,129 | |||||||||||
Agency mortgage-backed securities | - | 83,036 | - | 83,036 | |||||||||||
Private-label mortgage-backed securities | - | 2,062 | - | 2,062 | |||||||||||
Asset-backed securities | - | 46 | - | 46 | |||||||||||
Total assets | $ | 1,514 | $ | 161,247 | $ | - | $ | 162,761 | |||||||
Liability Description | |||||||||||||||
Interest rate swaps | $ | - | $ | 650 | $ | - | $ | 650 | |||||||
Total liabilities | $ | - | $ | 650 | $ | - | $ | 650 | |||||||
(Dollars in Thousands) | Fair Value at December 31, 2012 | ||||||||||||||
Asset Description | Level 1 | Level 2 | Level 3 | Total | |||||||||||
Equity securities | $ | 1,941 | $ | - | $ | - | $ | 1,941 | |||||||
Obligations of U.S. Government agencies | - | 12,809 | - | 12,809 | |||||||||||
Municipal securities | - | 61,216 | - | 61,216 | |||||||||||
Corporate debt securities | - | 994 | - | 994 | |||||||||||
Trust Preferred Securities | - | 4,830 | - | 4,830 | |||||||||||
Agency mortgage-backed securities | - | 49,066 | - | 49,066 | |||||||||||
Private-label mortgage-backed securities | - | 2,426 | - | 2,426 | |||||||||||
Asset-backed securities | - | 46 | - | 46 | |||||||||||
Total assets | $ | 1,941 | $ | 131,387 | $ | - | $ | 133,328 | |||||||
Liability Description | |||||||||||||||
Interest rate swaps | $ | - | $ | 1,103 | $ | - | $ | 1,103 | |||||||
Total liabilities | $ | - | $ | 1,103 | $ | - | $ | 1,103 | |||||||
Schedule Of Fair Value On A Nonrecurring Basis | ' | ||||||||||||||
(Dollars in Thousands) | |||||||||||||||
Fair Value at September 30, 2013 | |||||||||||||||
Asset Description | Level 1 | Level 2 | Level 3 | Total | |||||||||||
Impaired loans (1) | $ | - | $ | - | $ | 10,502 | $ | 10,502 | |||||||
Other real estate owned (1) | - | - | 528 | 528 | |||||||||||
Mortgage servicing rights | - | - | 195 | 195 | |||||||||||
Total assets | $ | - | $ | - | $ | 11,225 | $ | 11,225 | |||||||
(Dollars in Thousands) | Fair Value at December 31, 2012 | ||||||||||||||
Asset Description | Level 1 | Level 2 | Level 3 | Total | |||||||||||
Impaired loans (1) | $ | - | $ | - | $ | 9,235 | $ | 9,235 | |||||||
Other real estate owned (1) | - | - | 5,127 | 5,127 | |||||||||||
Mortgage servicing rights | - | - | 235 | 235 | |||||||||||
Total assets | $ | - | $ | - | $ | 14,597 | $ | 14,597 | |||||||
-1 | Includes assets directly charged-down to fair value during the year-to-date period. | ||||||||||||||
Additional Qualitative Information About Level 3 Assets | ' | ||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||
(Dollars in Thousands) | at September 30, 2013 | ||||||||||||||
Range | |||||||||||||||
Asset Description | Fair Value | Valuation Technique | Unobservable Input | (Weighted Average) | |||||||||||
Impaired loans (1) | $ 10,502 | Appraisal | Appraisal Adjustments (2) | 0% - 100% (35.3%) | |||||||||||
Cost to sell | 5% - 15% (6.35%) | ||||||||||||||
Other real estate owned (1) | 528 | Appraisal | Appraisal Adjustments (2) | ||||||||||||
Cost to sell | 8% (8%) | ||||||||||||||
Mortgage servicing rights | 195 | Discounted Cash Flow (3) | |||||||||||||
at December 31, 2012 | |||||||||||||||
Impaired loans (1) | $ 9,235 | Appraisal | Appraisal Adjustments (2) | 0% - 100% (11%) | |||||||||||
Cost to sell | 5% - 25% (7%) | ||||||||||||||
Other real estate owned (1) | 5,127 | Appraisal | Appraisal Adjustments (2) | ||||||||||||
Cost to sell | 8% (8%) | ||||||||||||||
Mortgage servicing rights | 235 | Discounted Cash Flow (3) | |||||||||||||
(1) Includes assets directly charged-down to fair value during the year-to-date period. | |||||||||||||||
(2) Qualitative adjustments are discounts specific to each asset and are made as needed. | |||||||||||||||
(3) Valuation and inputs are determined by a third-party pricing service without adjustment. | |||||||||||||||
Financial_Derivatives_Tables
Financial Derivatives (Tables) | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Financial Derivatives [Abstract] | ' | |||||||||||||||||
Schedule Of Interest Rate Swap | ' | |||||||||||||||||
(Dollars in thousands) | Amount Expected to | |||||||||||||||||
be Expensed into | ||||||||||||||||||
Notional | Maturity | Interest Rate | Earnings within the | |||||||||||||||
Amount | Date | Fixed | Variable | next 12 Months | ||||||||||||||
$ | 10,000 | 5/30/15 | 3.87% | 0.02% | $ | 385 | ||||||||||||
Schedule Of Fair Value Of Derivative Instruments | ' | |||||||||||||||||
Fair Value of Derivative Instruments | ||||||||||||||||||
(Dollars in thousands) | Balance Sheet | |||||||||||||||||
Date | Type | Location | Fair Value | |||||||||||||||
30-Sep-13 | Interest rate contracts | Other liabilities | $ | 650 | ||||||||||||||
31-Dec-12 | Interest rate contracts | Other liabilities | $ | 1,103 | ||||||||||||||
Schedule Of Effect Of Derivative Instruments On The Statement Of Income | ' | |||||||||||||||||
Derivatives in ASC Topic 815 Cash Flow Hedging Relationships | ||||||||||||||||||
(Dollars in thousands) | Amount of Gain | |||||||||||||||||
Location of | or (Loss) | |||||||||||||||||
Gain or (Loss) | Recognized in | |||||||||||||||||
Recognized in | Income on | |||||||||||||||||
Location of | Amount of Gain | Income on | Derivatives | |||||||||||||||
Amount of Gain | Gain or (Loss) | or (Loss) | Derivative (Ineffective | (Ineffective Portion | ||||||||||||||
or (Loss) | Reclassified from | Reclassified from | Portion and Amount | and Amount | ||||||||||||||
Recognized in OCI | Accumulated OCI | Accumulated OCI | Excluded from | Excluded from | ||||||||||||||
net of tax on Derivative | into Income | into Income | Effectiveness | Effectiveness | ||||||||||||||
Date / Type | (Effective Portion) | (Effective Portion) | (Effective Portion) | Testing) | Testing) | |||||||||||||
Interest rate contracts | ||||||||||||||||||
Three months ended: | ||||||||||||||||||
30-Sep-13 | $ | 51 | Interest Expense | $ | -97 | Other income (expense) | $ | - | ||||||||||
30-Sep-12 | $ | 106 | Interest Expense | $ | -192 | Other income (expense) | $ | - | ||||||||||
Nine months ended: | ||||||||||||||||||
30-Sep-13 | $ | 299 | Interest Expense | $ | -429 | Other income (expense) | $ | - | ||||||||||
30-Sep-12 | $ | 301 | Interest Expense | $ | -551 | Other income (expense) | $ | - | ||||||||||
Schedule Of Derivative Instruments Subject To Master Netting Arrangement Or Repurchase Agreement | ' | |||||||||||||||||
Net Amounts | Gross Amounts Not Offset in the | |||||||||||||||||
Gross | Gross Amounts | of Liabilities | Statements of Condition | |||||||||||||||
Amounts of | Offset in the | Presented in the | ||||||||||||||||
Recognized | Statements of | Statements of | Financial | Cash Collateral | Net | |||||||||||||
(Dollars in thousands) | Liabilities | Condition | Condition | Instruments | Pledged | Amount | ||||||||||||
Interest Rate Swap Agreements | ||||||||||||||||||
30-Sep-13 | $ | 650 | $ | - | $ | 650 | $ | 650 | $ | - | $ | - | ||||||
31-Dec-12 | $ | 1,103 | $ | - | $ | 1,103 | $ | 1,103 | $ | - | $ | - | ||||||
Basis_Of_Presentation_Details
Basis Of Presentation (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Basis Of Presentation [Abstract] | ' | ' | ' | ' |
Weighted average shares outstanding (basic) | 4,142 | 4,083 | 4,127 | 4,063 |
Impact of common stock equivalents | 2 | 3 | 5 | 1 |
Weighted average shares outstanding (diluted) | 4,144 | 4,086 | 4,132 | 4,064 |
Anti-dilutive options excluded from the calculation | 56 | 72 | 57 | 93 |
Net income | $2,185 | $1,747 | $5,091 | $5,021 |
Basic earnings per share | $0.53 | $0.43 | $1.23 | $1.24 |
Diluted earnings per share | $0.53 | $0.43 | $1.23 | $1.24 |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Loss (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accumulated Other Comprehensive Loss [Abstract] | ' | ' |
Net unrealized gains (losses) on securities | ($774) | $2,543 |
Tax effect | 263 | -865 |
Net of tax amount | -511 | 1,678 |
Net unrealized losses on derivatives | -650 | -1,103 |
Tax effect | 221 | 375 |
Net of tax amount | -429 | -728 |
Accumulated pension adjustment | -7,576 | -7,576 |
Tax effect | 2,576 | 2,576 |
Net of tax amount | -5,000 | -5,000 |
Total accumulated other comprehensive loss | ($5,940) | ($4,050) |
Guarantees_Details
Guarantees (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Guarantees [Abstract] | ' | ' |
Standby Letters of Credit Outstanding | $20.40 | $28.20 |
Standby letters of credit expiration period | '1 year | ' |
Investments_Narrative_Details
Investments (Narrative) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Investments [Abstract] | ' | ' |
Securities pledged as collateral | $108.50 | $119.80 |
Investments_Unrealized_Gain_Lo
Investments (Unrealized Gain (Loss) On Investments) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | $163,535 | $130,785 |
Gross Unrealized Gains | 2,464 | 4,271 |
Gross Unrealized Losses | -3,238 | -1,728 |
Fair Value | 162,761 | 133,328 |
Equity Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 1,399 | 2,104 |
Gross Unrealized Gains | 121 | 92 |
Gross Unrealized Losses | -6 | -255 |
Fair Value | 1,514 | 1,941 |
U.S. Government Agency Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 11,939 | 12,657 |
Gross Unrealized Gains | 118 | 156 |
Gross Unrealized Losses | -130 | -4 |
Fair Value | 11,927 | 12,809 |
Municipal Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 58,010 | 58,395 |
Gross Unrealized Gains | 1,426 | 2,984 |
Gross Unrealized Losses | -1,390 | -163 |
Fair Value | 58,046 | 61,216 |
Corporate Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 1,003 | 1,005 |
Gross Unrealized Losses | -2 | -11 |
Fair Value | 1,001 | 994 |
Trust Preferred Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 5,918 | 5,905 |
Gross Unrealized Losses | -789 | -1,075 |
Fair Value | 5,129 | 4,830 |
Agency Mortgage-Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 83,140 | 48,121 |
Gross Unrealized Gains | 776 | 1,029 |
Gross Unrealized Losses | -880 | -84 |
Fair Value | 83,036 | 49,066 |
Private-Label Mortgage-Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 2,075 | 2,539 |
Gross Unrealized Gains | 23 | 10 |
Gross Unrealized Losses | -36 | -123 |
Fair Value | 2,062 | 2,426 |
Asset-Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 51 | 59 |
Gross Unrealized Losses | -5 | -13 |
Fair Value | $46 | $46 |
Investments_Amortized_Cost_And
Investments (Amortized Cost And Fair Value Of Debt Securities, By Contractual Maturity) (Details) (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Investments [Abstract] | ' |
Due in one year or less, Amortized cost | $1,835 |
Due after one year through five years, Amortized cost | 13,570 |
Due after five years through ten years, Amortized cost | 22,179 |
Due after ten years, Amortized cost | 39,337 |
Amortized Cost Contractual Maturities Subtotal | 76,921 |
Mortgage-backed securities, Amortized cost | 85,215 |
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis | 162,136 |
Due in one year or less, Fair value | 1,840 |
Due after one year through five years, Fair value | 14,163 |
Due after five years through ten years, Fair value | 22,383 |
Due after ten years, Fair value | 37,763 |
Fair Value Contractual Maturities Subtotal | 76,149 |
Mortgage-backed securities, Fair value | 85,098 |
Available-for-sale Securities, Debt Securities, Fair Value | $161,247 |
Investments_Schedule_Of_Trust_
Investments (Schedule Of Trust Preferred Securities) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | Trust Preferred Securities: Huntington Cap Trust [Member] | Trust Preferred Securities: Huntington Cap Trust II [Member] | Trust Preferred Securities: BankAmerica Cap III [Member] | Trust Preferred Securities: Wachovia Cap Trust II [Member] | Trust Preferred Securities: Corestates Captl Tr II [Member] | Trust Preferred Securities: Chase Cap VI JPM [Member] | Trust Preferred Securities: Fleet Cap Tr V [Member] | Trust Preferred Securities [Member] | Trust Preferred Securities [Member] | ||
Lowest Credit Rating Assigned: Standard & Poor's, BB Rating [Member] | Lowest Credit Rating Assigned: Standard & Poor's, BB Rating [Member] | Lowest Credit Rating Assigned: Moody's, Ba2 Rating [Member] | Lowest Credit Rating Assigned: Standard & Poor's, BBB+ Rating [Member] | Lowest Credit Rating Assigned: Standard & Poor's, BBB+ Rating [Member] | Lowest Credit Rating Assigned: Standard & Poor's, BBB Rating [Member] | Lowest Credit Rating Assigned: Moody's, Ba2 Rating [Member] | |||||
item | item | item | item | item | item | item | |||||
Schedule of Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Single Issuer or Pooled | ' | ' | 'Single | 'Single | 'Single | 'Single | 'Single | 'Single | 'Single | ' | ' |
Class | ' | ' | 'Preferred Stock | 'Preferred Stock | 'Preferred Stock | 'Preferred Stock | 'Preferred Stock | 'Preferred Stock | 'Preferred Stock | ' | ' |
Amortized Cost | $163,535 | $130,785 | $935 | $884 | $960 | $275 | $931 | $960 | $973 | $5,918 | $5,905 |
Available-for-sale Securities | 162,761 | 133,328 | 816 | 786 | 802 | 249 | 846 | 829 | 801 | 5,129 | 4,830 |
Gross Unrealized Gain (Loss) | ' | ' | ($119) | ($98) | ($158) | ($26) | ($85) | ($131) | ($172) | ($789) | ' |
Lowest Credit Rating Assigned | ' | ' | 'BB | 'BB | 'Ba2 | 'BBB+ | 'BBB+ | 'BBB | 'Ba2 | ' | ' |
Number of Banks Currently Performing | ' | ' | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ' | ' |
Deferrals and Defaults as % of Original Collateral | ' | ' | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ' | ' |
Expected Deferral/Defaults as a Percentage of Remaining Performing Collateral | ' | ' | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ' | ' |
Investments_Private_Label_Mort
Investments (Private Label Mortgage Backed Securities) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | RALI2004-QS4 A7 [Member] | MALT2004-6 7A1 [Member] | RALI2005-QS2 A1 [Member] | RALI2006-QS4 A2 [Member] | GSR 2006-5F 2A1 [Member] | RALI2006-QS8 A1 [Member] | Private-Label Mortgage-Backed Securities [Member] | Private-Label Mortgage-Backed Securities [Member] | ||
Lowest Credit Rating Assigned: Standard & Poor's, BBB+ Rating [Member] | Lowest Credit Rating Assigned: Standard & Poor's, CCC Rating [Member] | Lowest Credit Rating Assigned: Standard & Poor's, C Rating [Member] | Lowest Credit Rating Assigned: Standard & Poor's, D Rating [Member] | Lowest Credit Rating Assigned: Standard & Poor's, D Rating [Member] | Lowest Credit Rating Assigned: Standard & Poor's, D Rating [Member] | |||||
Schedule of Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Origination Date | ' | ' | 1-Mar-04 | 1-Jun-04 | 1-Feb-05 | 1-Apr-06 | 1-May-06 | 28-Jul-06 | ' | ' |
Amortized Cost | $163,535 | $130,785 | $213 | $450 | $340 | $624 | $106 | $342 | $2,075 | $2,539 |
Available-for-sale Securities | 162,761 | 133,328 | 212 | 461 | 351 | 611 | 107 | 320 | 2,062 | 2,426 |
Gross Unrealized Gain (Loss) | ' | ' | -1 | 11 | 11 | -13 | 1 | -22 | -13 | ' |
Collateral Type | ' | ' | 'ALT A | 'ALT A | 'ALT A | 'ALT A | 'Prime | 'ALT A | ' | ' |
Lowest Credit Rating Assigned to Private Label Mortgage Backed Securities | ' | ' | 'BBB+ | 'CCC | 'CC | 'D | 'D | 'D | ' | ' |
Credit Support % | ' | ' | 12.22% | 13.80% | 6.22% | ' | ' | ' | ' | ' |
Cumulative OTTI Charges | ' | ' | ' | ' | $10 | $293 | $15 | $197 | $515 | ' |
Investments_Schedule_Of_Unreal
Investments (Schedule Of Unrealized Loss On Investments) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | security | security |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 months: Fair Value | $66,778 | $16,822 |
Less than 12 months: Unrealized Losses | -2,241 | -252 |
Less than 12 months: Count | 77 | 22 |
12 months or more: Fair Value | 14,121 | 14,991 |
12 months or more: Unrealized Losses | -997 | -1,476 |
12 months or more: Count | 26 | 41 |
Fair Value | 80,899 | 31,813 |
Unrealized Losses | -3,238 | -1,728 |
Count | 103 | 63 |
Equity Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 months: Fair Value | 373 | 226 |
Less than 12 months: Unrealized Losses | -3 | -20 |
Less than 12 months: Count | 2 | 3 |
12 months or more: Fair Value | 13 | 1,236 |
12 months or more: Unrealized Losses | -3 | -235 |
12 months or more: Count | 1 | 13 |
Fair Value | 386 | 1,462 |
Unrealized Losses | -6 | -255 |
Count | 3 | 16 |
U.S. Government Agency Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 months: Fair Value | 3,878 | 938 |
Less than 12 months: Unrealized Losses | -111 | -1 |
Less than 12 months: Count | 6 | 1 |
12 months or more: Fair Value | 3,907 | 3,346 |
12 months or more: Unrealized Losses | -19 | -3 |
12 months or more: Count | 7 | 6 |
Fair Value | 7,785 | 4,284 |
Unrealized Losses | -130 | -4 |
Count | 13 | 7 |
Municipal Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 months: Fair Value | 18,343 | 8,789 |
Less than 12 months: Unrealized Losses | -1,253 | -163 |
Less than 12 months: Count | 26 | 10 |
12 months or more: Fair Value | 1,683 | ' |
12 months or more: Unrealized Losses | -137 | ' |
12 months or more: Count | 2 | ' |
Fair Value | 20,026 | 8,789 |
Unrealized Losses | -1,390 | -163 |
Count | 28 | 10 |
Corporate Debt Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
12 months or more: Fair Value | 1,001 | 994 |
12 months or more: Unrealized Losses | -2 | -11 |
12 months or more: Count | 1 | 1 |
Fair Value | 1,001 | 994 |
Unrealized Losses | -2 | -11 |
Count | 1 | 1 |
Trust Preferred Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
12 months or more: Fair Value | 5,129 | 4,830 |
12 months or more: Unrealized Losses | -789 | -1,075 |
12 months or more: Count | 7 | 7 |
Fair Value | 5,129 | 4,830 |
Unrealized Losses | -789 | -1,075 |
Count | 7 | 7 |
Agency Mortgage-Backed Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 months: Fair Value | 44,184 | 6,869 |
Less than 12 months: Unrealized Losses | -874 | -68 |
Less than 12 months: Count | 43 | 8 |
12 months or more: Fair Value | 1,199 | 2,664 |
12 months or more: Unrealized Losses | -6 | -16 |
12 months or more: Count | 2 | 6 |
Fair Value | 45,383 | 9,533 |
Unrealized Losses | -880 | -84 |
Count | 45 | 14 |
Private-Label Mortgage-Backed Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
12 months or more: Fair Value | 1,143 | 1,875 |
12 months or more: Unrealized Losses | -36 | -123 |
12 months or more: Count | 3 | 5 |
Fair Value | 1,143 | 1,875 |
Unrealized Losses | -36 | -123 |
Count | 3 | 5 |
Asset-Backed Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
12 months or more: Fair Value | 46 | 46 |
12 months or more: Unrealized Losses | -5 | -13 |
12 months or more: Count | 3 | 3 |
Fair Value | 46 | 46 |
Unrealized Losses | ($5) | ($13) |
Count | 3 | 3 |
Loans_Details
Loans (Details) (USD $) | 9 Months Ended | |||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Loans | $720,151 | ' | $753,579 | ' | ' | ' |
Allowance for loan losses | -11,376 | -11,438 | -10,379 | -10,113 | -9,627 | -9,723 |
Net Loans | 708,775 | ' | 743,200 | ' | ' | ' |
Change Amount | -33,428 | ' | ' | ' | ' | ' |
Change % | -4.40% | ' | ' | ' | ' | ' |
Allowance for loan losses, Change Amount | -997 | ' | ' | ' | ' | ' |
Allowance for loan losses, Change % | 9.60% | ' | ' | ' | ' | ' |
Net Loans, Change Amount | -34,425 | ' | ' | ' | ' | ' |
Net Loans, Change % | -4.60% | ' | ' | ' | ' | ' |
Net unamortized deferred loan costs included in the loan balances | 367 | ' | 456 | ' | ' | ' |
Unamortized deferred loan costs included in the loan balances | -106 | ' | -129 | ' | ' | ' |
Loans pledged as collateral for borrowings and commitments from: FHLB | 592,392 | ' | 657,684 | ' | ' | ' |
Loans pledged as collateral for borrowings and commitments from :Federal Reserve Bank | 71,128 | ' | 112,613 | ' | ' | ' |
Total loans pledged as collateral | 663,520 | ' | 770,297 | ' | ' | ' |
Residential Real Estate 1-4 Family Consumer First Liens [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Loans | 103,388 | ' | 93,790 | ' | ' | ' |
Change Amount | 9,598 | ' | ' | ' | ' | ' |
Change % | 10.20% | ' | ' | ' | ' | ' |
Residential Real Estate 1-4 Family Consumer Junior Liens And Lines Of Credit [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Loans | 33,750 | ' | 35,494 | ' | ' | ' |
Change Amount | -1,744 | ' | ' | ' | ' | ' |
Change % | -4.90% | ' | ' | ' | ' | ' |
Residential Real Estate 1-4 Family Consumer [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Loans | 137,138 | ' | 129,284 | ' | ' | ' |
Change Amount | 7,854 | ' | ' | ' | ' | ' |
Change % | 6.10% | ' | ' | ' | ' | ' |
Residential Real Estate 1-4 Family Commercial first lien [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Loans | 57,882 | ' | 60,809 | ' | ' | ' |
Change Amount | -2,927 | ' | ' | ' | ' | ' |
Change % | -4.80% | ' | ' | ' | ' | ' |
Residential Real Estate 1-4 Family Commercial junior liens and lines of credit [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Loans | 6,176 | ' | 6,794 | ' | ' | ' |
Change Amount | -618 | ' | ' | ' | ' | ' |
Change % | -9.10% | ' | ' | ' | ' | ' |
Residential Real Estate 1-4 Family Commercial [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Loans | 64,058 | ' | 67,603 | ' | ' | ' |
Change Amount | -3,545 | ' | ' | ' | ' | ' |
Change % | -5.20% | ' | ' | ' | ' | ' |
Residential Real Estate 1-4 Family [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Loans | 201,196 | ' | 196,887 | ' | ' | ' |
Change Amount | 4,309 | ' | ' | ' | ' | ' |
Change % | 2.20% | ' | ' | ' | ' | ' |
Residential real estate- Construction Consumer purpose [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Loans | 2,795 | ' | 3,255 | ' | ' | ' |
Change Amount | -460 | ' | ' | ' | ' | ' |
Change % | -14.10% | ' | ' | ' | ' | ' |
Residential real estate- Construction Commercial purpose [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Loans | 7,986 | ' | 12,177 | ' | ' | ' |
Change Amount | -4,191 | ' | ' | ' | ' | ' |
Change % | -34.40% | ' | ' | ' | ' | ' |
Residential Real Estate - Construction [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Loans | 10,781 | ' | 15,432 | ' | ' | ' |
Allowance for loan losses | -253 | -701 | -899 | -917 | -925 | -1,222 |
Change Amount | -4,651 | ' | ' | ' | ' | ' |
Change % | -30.10% | ' | ' | ' | ' | ' |
Commercial, Industrial And Agricultural Real Estate [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Loans | 348,721 | ' | 363,874 | ' | ' | ' |
Allowance for loan losses | -6,961 | -6,730 | -6,450 | -5,951 | -5,839 | -5,257 |
Change Amount | -15,153 | ' | ' | ' | ' | ' |
Change % | -4.20% | ' | ' | ' | ' | ' |
Commercial, Industrial And Agricultural [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Loans | 150,323 | ' | 166,734 | ' | ' | ' |
Allowance for loan losses | -2,251 | -2,202 | -1,620 | -1,860 | -1,564 | -1,651 |
Change Amount | -16,411 | ' | ' | ' | ' | ' |
Change % | -9.80% | ' | ' | ' | ' | ' |
Total Commercial, Industrial And Agricultural [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Loans | 499,044 | ' | 530,608 | ' | ' | ' |
Change Amount | -31,564 | ' | ' | ' | ' | ' |
Change % | -5.90% | ' | ' | ' | ' | ' |
Consumer [Member] | ' | ' | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' |
Loans | 9,130 | ' | 10,652 | ' | ' | ' |
Allowance for loan losses | -157 | -162 | -191 | -204 | -201 | -236 |
Change Amount | ($1,522) | ' | ' | ' | ' | ' |
Change % | -14.30% | ' | ' | ' | ' | ' |
Loan_Quality_Allowance_For_Loa
Loan Quality (Allowance For Loan Losses, By Loan Segment) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Allowance, Beginning Balance | $11,438 | $9,627 | $10,379 | $9,723 | $9,723 |
Charge-offs | -433 | -364 | -1,095 | -3,330 | -4,717 |
Recoveries | 21 | 25 | 137 | 120 | 148 |
Provision | 350 | 825 | 1,955 | 3,600 | 5,225 |
Allowance, Ending Balance | 11,376 | 10,113 | 11,376 | 10,113 | 10,379 |
Loans evaluated for allowance individually | 36,523 | ' | 36,523 | ' | 39,364 |
Loans evaluated for allowance collectively | 683,628 | ' | 683,628 | ' | 714,215 |
Total Loans | 720,151 | ' | 720,151 | ' | 753,579 |
Allowance established for loans evaluated individually | 2,862 | ' | 2,862 | ' | 847 |
Allowance established for loan evaluated collectively | 8,514 | ' | 8,514 | ' | 9,532 |
First Liens [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Allowance, Beginning Balance | 1,365 | 777 | 913 | 1,049 | 1,049 |
Charge-offs | ' | -71 | -39 | -251 | -251 |
Recoveries | 1 | ' | 10 | ' | 1 |
Provision | 125 | 157 | 607 | 65 | 114 |
Allowance, Ending Balance | 1,491 | 863 | 1,491 | 863 | 913 |
Loans evaluated for allowance individually | 2,755 | ' | 2,755 | ' | 3,583 |
Loans evaluated for allowance collectively | 158,515 | ' | 158,515 | ' | 151,016 |
Total Loans | 161,270 | ' | 161,270 | ' | 154,599 |
Allowance established for loans evaluated individually | 514 | ' | 514 | ' | 20 |
Allowance established for loan evaluated collectively | 977 | ' | 977 | ' | 893 |
Residential Real Estate Junior Liens & Lines Of Credit [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Allowance, Beginning Balance | 278 | 321 | 306 | 308 | 308 |
Charge-offs | ' | ' | -45 | -65 | -71 |
Recoveries | ' | ' | ' | 25 | 25 |
Provision | -15 | -3 | 2 | 50 | 44 |
Allowance, Ending Balance | 263 | 318 | 263 | 318 | 306 |
Loans evaluated for allowance individually | 243 | ' | 243 | ' | 692 |
Loans evaluated for allowance collectively | 39,683 | ' | 39,683 | ' | 41,596 |
Total Loans | 39,926 | ' | 39,926 | ' | 42,288 |
Allowance established for loans evaluated individually | ' | ' | ' | ' | 3 |
Allowance established for loan evaluated collectively | 263 | ' | 263 | ' | 303 |
Residential Real Estate - Construction [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Allowance, Beginning Balance | 701 | 925 | 899 | 1,222 | 1,222 |
Provision | -448 | -8 | -646 | -305 | -323 |
Allowance, Ending Balance | 253 | 917 | 253 | 917 | 899 |
Loans evaluated for allowance individually | 542 | ' | 542 | ' | 557 |
Loans evaluated for allowance collectively | 10,239 | ' | 10,239 | ' | 14,875 |
Total Loans | 10,781 | ' | 10,781 | ' | 15,432 |
Allowance established for loan evaluated collectively | 253 | ' | 253 | ' | 899 |
Commercial, Industrial And Agricultural Real Estate [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Allowance, Beginning Balance | 6,730 | 5,839 | 6,450 | 5,257 | 5,257 |
Charge-offs | -369 | -159 | -536 | -2,413 | -3,298 |
Recoveries | 2 | 2 | 5 | 11 | 13 |
Provision | 598 | 269 | 1,042 | 3,096 | 4,478 |
Allowance, Ending Balance | 6,961 | 5,951 | 6,961 | 5,951 | 6,450 |
Loans evaluated for allowance individually | 30,958 | ' | 30,958 | ' | 30,949 |
Loans evaluated for allowance collectively | 317,763 | ' | 317,763 | ' | 332,925 |
Total Loans | 348,721 | ' | 348,721 | ' | 363,874 |
Allowance established for loans evaluated individually | 1,325 | ' | 1,325 | ' | 357 |
Allowance established for loan evaluated collectively | 5,636 | ' | 5,636 | ' | 6,093 |
Commercial, Industrial And Agricultural [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Allowance, Beginning Balance | 2,202 | 1,564 | 1,620 | 1,651 | 1,651 |
Charge-offs | -35 | -73 | -362 | -418 | -861 |
Recoveries | 5 | 10 | 80 | 17 | 21 |
Provision | 79 | 359 | 913 | 610 | 809 |
Allowance, Ending Balance | 2,251 | 1,860 | 2,251 | 1,860 | 1,620 |
Loans evaluated for allowance individually | 2,025 | ' | 2,025 | ' | 3,583 |
Loans evaluated for allowance collectively | 148,298 | ' | 148,298 | ' | 163,151 |
Total Loans | 150,323 | ' | 150,323 | ' | 166,734 |
Allowance established for loans evaluated individually | 1,023 | ' | 1,023 | ' | 467 |
Allowance established for loan evaluated collectively | 1,228 | ' | 1,228 | ' | 1,153 |
Consumer [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Allowance, Beginning Balance | 162 | 201 | 191 | 236 | 236 |
Charge-offs | -29 | -61 | -113 | -183 | -236 |
Recoveries | 13 | 13 | 42 | 67 | 88 |
Provision | 11 | 51 | 37 | 84 | 103 |
Allowance, Ending Balance | 157 | 204 | 157 | 204 | 191 |
Loans evaluated for allowance collectively | 9,130 | ' | 9,130 | ' | 10,652 |
Total Loans | 9,130 | ' | 9,130 | ' | 10,652 |
Allowance established for loan evaluated collectively | $157 | ' | $157 | ' | $191 |
Loan_Quality_Impaired_Financin
Loan Quality (Impaired Financing Receivables) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Recorded Investment With No Allowance | $28,019 | ' | $28,019 | ' | $35,593 |
Unpaid Principal Balance With No Allowance | 31,873 | ' | 31,873 | ' | 39,510 |
Recorded Investment With Allowance | 9,387 | ' | 9,387 | ' | 3,771 |
Unpaid Principal Balance With Allowance | 10,342 | ' | 10,342 | ' | 4,419 |
Related Allowance | 2,862 | ' | 2,862 | ' | 847 |
Average Recorded Investment | 38,168 | 36,942 | 38,163 | 35,065 | ' |
Interest Income Recognized | 122 | 70 | 269 | 285 | ' |
First Liens [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Recorded Investment With No Allowance | 1,554 | ' | 1,554 | ' | 3,504 |
Unpaid Principal Balance With No Allowance | 1,621 | ' | 1,621 | ' | 3,715 |
Recorded Investment With Allowance | 1,796 | ' | 1,796 | ' | 80 |
Unpaid Principal Balance With Allowance | 1,796 | ' | 1,796 | ' | 80 |
Related Allowance | 514 | ' | 514 | ' | 20 |
Average Recorded Investment | 3,365 | 3,791 | 3,477 | 4,225 | ' |
Interest Income Recognized | 4 | 4 | 12 | 55 | ' |
Residential Real Estate Junior Liens & Lines Of Credit [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Recorded Investment With No Allowance | 416 | ' | 416 | ' | 691 |
Unpaid Principal Balance With No Allowance | 436 | ' | 436 | ' | 707 |
Average Recorded Investment | 417 | 740 | 613 | 760 | ' |
Interest Income Recognized | ' | ' | 5 | 1 | ' |
Residential Real Estate 1-4 Family [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Recorded Investment With No Allowance | 1,970 | ' | 1,970 | ' | 4,195 |
Unpaid Principal Balance With No Allowance | 2,057 | ' | 2,057 | ' | 4,422 |
Recorded Investment With Allowance | 1,796 | ' | 1,796 | ' | 80 |
Unpaid Principal Balance With Allowance | 1,796 | ' | 1,796 | ' | 80 |
Related Allowance | 514 | ' | 514 | ' | 20 |
Average Recorded Investment | 3,782 | 4,531 | 4,090 | 4,985 | ' |
Interest Income Recognized | 4 | 4 | 17 | 56 | ' |
Residential Real Estate - Construction [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Recorded Investment With No Allowance | 542 | ' | 542 | ' | 557 |
Unpaid Principal Balance With No Allowance | 559 | ' | 559 | ' | 567 |
Average Recorded Investment | 544 | 571 | 550 | 424 | ' |
Commercial, Industrial And Agricultural Real Estate [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Recorded Investment With No Allowance | 25,418 | ' | 25,418 | ' | 28,346 |
Unpaid Principal Balance With No Allowance | 29,168 | ' | 29,168 | ' | 31,937 |
Recorded Investment With Allowance | 5,592 | ' | 5,592 | ' | 2,603 |
Unpaid Principal Balance With Allowance | 6,494 | ' | 6,494 | ' | 3,194 |
Related Allowance | 1,325 | ' | 1,325 | ' | 357 |
Average Recorded Investment | 31,730 | 27,741 | 30,508 | 25,445 | ' |
Interest Income Recognized | 118 | 35 | 252 | 125 | ' |
Commercial, Industrial And Agricultural [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Recorded Investment With No Allowance | 89 | ' | 89 | ' | 2,495 |
Unpaid Principal Balance With No Allowance | 89 | ' | 89 | ' | 2,584 |
Recorded Investment With Allowance | 1,999 | ' | 1,999 | ' | 1,088 |
Unpaid Principal Balance With Allowance | 2,052 | ' | 2,052 | ' | 1,145 |
Related Allowance | 1,023 | ' | 1,023 | ' | 470 |
Average Recorded Investment | 2,112 | 4,099 | 3,015 | 4,211 | ' |
Interest Income Recognized | ' | 31 | ' | 104 | ' |
Consumer [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' | ' |
Recorded Investment With No Allowance | ' | ' | ' | ' | ' |
Unpaid Principal Balance With No Allowance | ' | ' | ' | ' | ' |
Recorded Investment With Allowance | ' | ' | ' | ' | ' |
Unpaid Principal Balance With Allowance | ' | ' | ' | ' | ' |
Related Allowance | ' | ' | ' | ' | ' |
Average Recorded Investment | ' | ' | ' | ' | ' |
Interest Income Recognized | ' | ' | ' | ' | ' |
Loan_Quality_Aging_Of_Payments
Loan Quality (Aging Of Payments Of The Loan Portfolio) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | $688,097 | $711,400 |
30-59 Days | 2,206 | 3,794 |
60-89 Days | 1,006 | 1,428 |
90+ Days | 171 | 563 |
Total | 3,383 | 5,785 |
Nonaccrual loans | 28,671 | 36,394 |
Total Loans | 720,151 | 753,579 |
First Liens [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 157,251 | 147,236 |
30-59 Days | 464 | 2,862 |
60-89 Days | 543 | 797 |
90+ Days | 52 | 120 |
Total | 1,059 | 3,779 |
Nonaccrual loans | 2,960 | 3,584 |
Total Loans | 161,270 | 154,599 |
Residential Real Estate Junior Liens & Lines Of Credit [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 39,238 | 40,741 |
30-59 Days | 187 | 449 |
60-89 Days | 43 | 228 |
90+ Days | 41 | 112 |
Total | 271 | 789 |
Nonaccrual loans | 417 | 758 |
Total Loans | 39,926 | 42,288 |
Residential Real Estate 1-4 Family [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 196,489 | 187,977 |
30-59 Days | 651 | 3,311 |
60-89 Days | 586 | 1,025 |
90+ Days | 93 | 232 |
Total | 1,330 | 4,568 |
Nonaccrual loans | 3,377 | 4,342 |
Total Loans | 201,196 | 196,887 |
Residential Real Estate - Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 10,239 | 14,875 |
Nonaccrual loans | 542 | 557 |
Total Loans | 10,781 | 15,432 |
Commercial, Industrial And Agricultural Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 324,733 | 334,822 |
30-59 Days | 1,349 | 64 |
60-89 Days | 321 | 329 |
Total | 1,670 | 393 |
Nonaccrual loans | 22,318 | 28,659 |
Total Loans | 348,721 | 363,874 |
Commercial, Industrial And Agricultural [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 147,650 | 163,387 |
30-59 Days | 96 | 161 |
60-89 Days | 75 | 35 |
90+ Days | 68 | 315 |
Total | 239 | 511 |
Nonaccrual loans | 2,434 | 2,836 |
Total Loans | 150,323 | 166,734 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 8,986 | 10,339 |
30-59 Days | 110 | 258 |
60-89 Days | 24 | 39 |
90+ Days | 10 | 16 |
Total | 144 | 313 |
Total Loans | $9,130 | $10,652 |
Loan_Quality_Internal_Credit_R
Loan Quality (Internal Credit Rating For The Loan Portfolio) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | $720,151 | $753,579 |
Pass [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 633,003 | 649,323 |
OAEM [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 24,782 | 32,715 |
Substandard [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 62,366 | 68,791 |
Doubtful [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | ' | 2,750 |
First Liens [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 161,270 | 154,599 |
First Liens [Member] | Pass [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 149,712 | 139,549 |
First Liens [Member] | OAEM [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 4,052 | 6,277 |
First Liens [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 7,506 | 8,773 |
Residential Real Estate Junior Liens & Lines Of Credit [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 39,926 | 42,288 |
Residential Real Estate Junior Liens & Lines Of Credit [Member] | Pass [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 39,105 | 40,584 |
Residential Real Estate Junior Liens & Lines Of Credit [Member] | OAEM [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 102 | 175 |
Residential Real Estate Junior Liens & Lines Of Credit [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 719 | 1,529 |
Residential Real Estate 1-4 Family [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 201,196 | 196,887 |
Residential Real Estate 1-4 Family [Member] | Pass [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 188,817 | 180,133 |
Residential Real Estate 1-4 Family [Member] | OAEM [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 4,154 | 6,452 |
Residential Real Estate 1-4 Family [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 8,225 | 10,302 |
Residential Real Estate - Construction [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 10,781 | 15,432 |
Residential Real Estate - Construction [Member] | Pass [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 8,990 | 11,284 |
Residential Real Estate - Construction [Member] | OAEM [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 74 | 2,922 |
Residential Real Estate - Construction [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 1,717 | 1,226 |
Commercial, Industrial And Agricultural Real Estate [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 348,721 | 363,874 |
Commercial, Industrial And Agricultural Real Estate [Member] | Pass [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 291,358 | 299,075 |
Commercial, Industrial And Agricultural Real Estate [Member] | OAEM [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 16,423 | 20,221 |
Commercial, Industrial And Agricultural Real Estate [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 40,940 | 41,828 |
Commercial, Industrial And Agricultural Real Estate [Member] | Doubtful [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | ' | 2,750 |
Commercial, Industrial And Agricultural [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 150,323 | 166,734 |
Commercial, Industrial And Agricultural [Member] | Pass [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 134,718 | 148,195 |
Commercial, Industrial And Agricultural [Member] | OAEM [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 4,131 | 3,120 |
Commercial, Industrial And Agricultural [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 11,474 | 15,419 |
Consumer [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 9,130 | 10,652 |
Consumer [Member] | Pass [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | 9,120 | 10,636 |
Consumer [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans and Leases Receivable, Gross, Carrying Amount | $10 | $16 |
Loan_Quality_Troubled_Debt_Res
Loan Quality (Troubled Debt Restructuring Loans) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | ||
loan | loan | loan | loan | |||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||
Troubled Debt Restructurings: Number of Contracts | ' | 19 | ' | 19 | ||
Troubled Debt Restructurings: Recorded Investment | ' | $19,718 | ' | $11,430 | ||
Troubled Debt Restructurings That Have Defaulted on Modified Terms YTD: Number of Contracts | ' | 0 | ' | 0 | ||
Troubled Debt Restructurings That Have Defaulted on Modified Terms YTD: Recorded Investment | ' | 0 | ' | 0 | ||
Troubled Debt Restructurings, New During Period, Number of Contracts | ' | 3 | 9 | ' | ||
Troubled Debt Restructurings, New During Period, Pre-TDR Modification | ' | 10,533 | 5,367 | ' | ||
Troubled Debt Restructurings, New During Period, After-TDR Modification | ' | 10,820 | 5,600 | ' | ||
Troubled Debt Restructurings, New During Period, Recorded Investment | ' | 10,732 | 4,778 | ' | ||
Performing [Member] | ' | ' | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||
Troubled Debt Restructurings: Recorded Investment | ' | 17,600 | [1] | ' | 11,430 | [1] |
Nonperforming [Member] | ' | ' | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||
Troubled Debt Restructurings: Recorded Investment | ' | 2,118 | [1] | ' | 0 | [1] |
Residential Real Estate - Construction [Member] | ' | ' | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||
Troubled Debt Restructurings: Number of Contracts | ' | 1 | ' | 1 | ||
Troubled Debt Restructurings: Recorded Investment | ' | 542 | ' | 557 | ||
Troubled Debt Restructurings That Have Defaulted on Modified Terms YTD: Number of Contracts | ' | 0 | ' | 0 | ||
Troubled Debt Restructurings That Have Defaulted on Modified Terms YTD: Recorded Investment | ' | 0 | ' | 0 | ||
Troubled Debt Restructurings, New During Period, Number of Contracts | ' | ' | 2 | ' | ||
Troubled Debt Restructurings, New During Period, Pre-TDR Modification | ' | ' | 1,111 | ' | ||
Troubled Debt Restructurings, New During Period, After-TDR Modification | ' | ' | 935 | ' | ||
Troubled Debt Restructurings, New During Period, Recorded Investment | ' | ' | 570 | ' | ||
Troubled Debt Restructurings, New During Period, Concession | ' | ' | 'multiple | ' | ||
Residential Real Estate - Construction [Member] | Performing [Member] | ' | ' | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||
Troubled Debt Restructurings: Recorded Investment | ' | ' | ' | 557 | [1] | |
Residential Real Estate - Construction [Member] | Nonperforming [Member] | ' | ' | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||
Troubled Debt Restructurings: Recorded Investment | ' | 542 | [1] | ' | 0 | [1] |
Residential Real Estate 1-4 Family [Member] | ' | ' | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||
Troubled Debt Restructurings: Number of Contracts | ' | 4 | ' | 4 | ||
Troubled Debt Restructurings: Recorded Investment | ' | 390 | ' | 467 | ||
Troubled Debt Restructurings That Have Defaulted on Modified Terms YTD: Number of Contracts | ' | 0 | ' | 0 | ||
Troubled Debt Restructurings That Have Defaulted on Modified Terms YTD: Recorded Investment | ' | 0 | ' | 0 | ||
Troubled Debt Restructurings, New During Period, Number of Contracts | 1 | 1 | 2 | ' | ||
Troubled Debt Restructurings, New During Period, Pre-TDR Modification | 221 | 75 | 371 | ' | ||
Troubled Debt Restructurings, New During Period, After-TDR Modification | 240 | 75 | 390 | ' | ||
Troubled Debt Restructurings, New During Period, Recorded Investment | 240 | 73 | 386 | ' | ||
Troubled Debt Restructurings, New During Period, Concession | 'multiple | 'multiple | 'multiple | ' | ||
Residential Real Estate 1-4 Family [Member] | Performing [Member] | ' | ' | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||
Troubled Debt Restructurings: Recorded Investment | ' | 390 | [1] | ' | 467 | [1] |
Residential Real Estate 1-4 Family [Member] | Nonperforming [Member] | ' | ' | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||
Troubled Debt Restructurings: Recorded Investment | ' | 0 | [1] | ' | 0 | [1] |
Commercial, Industrial And Agricultural [Member] | ' | ' | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||
Troubled Debt Restructurings: Number of Contracts | ' | ' | ' | 2 | ||
Troubled Debt Restructurings: Recorded Investment | ' | ' | ' | 1,812 | ||
Troubled Debt Restructurings That Have Defaulted on Modified Terms YTD: Number of Contracts | ' | ' | ' | 0 | ||
Troubled Debt Restructurings That Have Defaulted on Modified Terms YTD: Recorded Investment | ' | ' | ' | 0 | ||
Troubled Debt Restructurings, New During Period, Number of Contracts | ' | ' | 2 | ' | ||
Troubled Debt Restructurings, New During Period, Pre-TDR Modification | ' | ' | 2,223 | ' | ||
Troubled Debt Restructurings, New During Period, After-TDR Modification | ' | ' | 2,223 | ' | ||
Troubled Debt Restructurings, New During Period, Recorded Investment | ' | ' | 1,818 | ' | ||
Troubled Debt Restructurings, New During Period, Concession | ' | ' | 'maturity | ' | ||
Commercial, Industrial And Agricultural [Member] | Performing [Member] | ' | ' | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||
Troubled Debt Restructurings: Recorded Investment | ' | ' | ' | 1,812 | [1] | |
Commercial, Industrial And Agricultural [Member] | Nonperforming [Member] | ' | ' | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||
Troubled Debt Restructurings: Recorded Investment | ' | ' | ' | 0 | [1] | |
Commercial, Industrial And Agricultural Real Estate [Member] | ' | ' | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||
Troubled Debt Restructurings: Number of Contracts | ' | 14 | ' | 12 | ||
Troubled Debt Restructurings: Recorded Investment | ' | 18,786 | ' | 8,594 | ||
Troubled Debt Restructurings That Have Defaulted on Modified Terms YTD: Number of Contracts | ' | 0 | ' | 0 | ||
Troubled Debt Restructurings That Have Defaulted on Modified Terms YTD: Recorded Investment | ' | 0 | ' | 0 | ||
Troubled Debt Restructurings, New During Period, Number of Contracts | ' | 2 | 3 | ' | ||
Troubled Debt Restructurings, New During Period, Pre-TDR Modification | ' | 10,458 | 1,662 | ' | ||
Troubled Debt Restructurings, New During Period, After-TDR Modification | ' | 10,745 | 2,052 | ' | ||
Troubled Debt Restructurings, New During Period, Recorded Investment | ' | 10,659 | 2,004 | ' | ||
Troubled Debt Restructurings, New During Period, Concession | ' | 'multiple | 'multiple | ' | ||
Commercial, Industrial And Agricultural Real Estate [Member] | Performing [Member] | ' | ' | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||
Troubled Debt Restructurings: Recorded Investment | ' | 17,210 | [1] | ' | 8,594 | [1] |
Commercial, Industrial And Agricultural Real Estate [Member] | Nonperforming [Member] | ' | ' | ' | ' | ||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ||
Troubled Debt Restructurings: Recorded Investment | ' | $1,576 | [1] | ' | $0 | [1] |
[1] | The performing status is determined by the loan's compliance with the modified terms |
Pensions_Narrative_Details
Pensions (Narrative) (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2012 | Sep. 30, 2013 | |
Pensions [Abstract] | ' | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Remainder of Fiscal Year | ' | $560,000 |
Pension Expense | 1,100,000 | ' |
Defined Benefit Plan, Contributions by Employer | 6,800,000 | ' |
Defined Benefit Plan, Contributions by Employer, Excess Cash Contributed | $6,000,000 | ' |
Pensions_Schedule_Of_Net_Perio
Pensions (Schedule Of Net Periodic Pension Costs) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Pensions [Abstract] | ' | ' | ' | ' |
Service cost | $114 | $115 | $342 | $345 |
Interest cost | 179 | 179 | 537 | 537 |
Expected return on plan assets | -312 | -197 | -936 | -591 |
Recognized net actuarial loss | 159 | 171 | 477 | 514 |
Net period cost | $140 | $268 | $420 | $805 |
Fair_Value_Measurements_And_Fa2
Fair Value Measurements And Fair Values Of Financial Instruments (Fair Value, By Balance Sheet Grouping) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents, Carrying Amount | $61,633 | $77,834 | $104,217 | $34,144 |
Available-for-sale Securities | 162,761 | 133,328 | ' | ' |
Restricted stock, Carrying Amount | 1,906 | 3,571 | ' | ' |
Loans held for sale, Carrying Amount | 446 | 67 | ' | ' |
Net loans, Carrying Amount | 708,775 | 743,200 | ' | ' |
Accrued interest receivable, Carrying Amount | 2,849 | 3,178 | ' | ' |
Mortgage servicing rights, Carrying Amount | 195 | 235 | ' | ' |
Deposits, Carrying Amount | 865,818 | 874,440 | ' | ' |
Securities sold under agreements to repurchase, Carrying Amount | 23,870 | 42,209 | ' | ' |
Long-term debt, Carrying Amount | 12,405 | 12,410 | ' | ' |
Accrued interest payable, Carrying Amount | 348 | 348 | ' | ' |
Interest rate swaps, Carrying Amount | 650 | 1,103 | ' | ' |
Cash and cash equivalents, Fair Value | 61,633 | 77,834 | ' | ' |
Investment securities available for sale, at fair value | 162,761 | 133,328 | ' | ' |
Restricted Stock, Fair Value | 1,906 | 3,571 | ' | ' |
Loans held for sale, Fair Value | 446 | 67 | ' | ' |
Net loans, Fair Value | 713,465 | 759,490 | ' | ' |
Accrued interest receivable, Fair Value | 2,849 | 3,178 | ' | ' |
Mortgage servicing rights, Fair Value | 195 | 235 | ' | ' |
Deposits, Fair Value | 866,512 | 876,240 | ' | ' |
Securities sold under agreements to repurchase, Fair Value | 23,870 | 42,209 | ' | ' |
Long-term debt, Fair Value | 13,084 | 13,718 | ' | ' |
Accrued interest payable, Fair Value | 348 | 348 | ' | ' |
Interest rate swaps, Fair Value | 650 | 1,103 | ' | ' |
Level 1 [Member] | ' | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents, Fair Value | 61,633 | 77,834 | ' | ' |
Investment securities available for sale, at fair value | 1,514 | 1,941 | ' | ' |
Level 2 [Member] | ' | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' |
Investment securities available for sale, at fair value | 161,247 | 131,387 | ' | ' |
Restricted Stock, Fair Value | 1,906 | 3,571 | ' | ' |
Loans held for sale, Fair Value | 446 | 67 | ' | ' |
Accrued interest receivable, Fair Value | 2,849 | 3,178 | ' | ' |
Deposits, Fair Value | 866,512 | 876,240 | ' | ' |
Securities sold under agreements to repurchase, Fair Value | 23,870 | 42,209 | ' | ' |
Long-term debt, Fair Value | 13,084 | 13,718 | ' | ' |
Accrued interest payable, Fair Value | 348 | 348 | ' | ' |
Interest rate swaps, Fair Value | 650 | 1,103 | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' |
Net loans, Fair Value | 713,465 | 759,490 | ' | ' |
Mortgage servicing rights, Fair Value | 195 | 235 | ' | ' |
Interest rate swaps, Fair Value | ' | ' | ' | ' |
Fair_Value_Measurements_And_Fa3
Fair Value Measurements And Fair Values Of Financial Instruments (Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | $162,761 | $133,328 |
Total assets | 162,761 | 133,328 |
Interest rate swaps, Fair Value | 650 | 1,103 |
Total liabilities | 650 | 1,103 |
Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets | 1,514 | 1,941 |
Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets | 161,247 | 131,387 |
Interest rate swaps, Fair Value | 650 | 1,103 |
Total liabilities | 650 | 1,103 |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets | ' | ' |
Interest rate swaps, Fair Value | ' | ' |
Total liabilities | ' | ' |
Equity Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 1,514 | 1,941 |
Equity Securities [Member] | Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 1,514 | 1,941 |
Equity Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | ' | ' |
U.S. Government Agency Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 11,927 | 12,809 |
U.S. Government Agency Securities [Member] | Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 11,927 | 12,809 |
U.S. Government Agency Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | ' | ' |
Municipal Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 58,046 | 61,216 |
Municipal Securities [Member] | Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 58,046 | 61,216 |
Municipal Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | ' | ' |
Corporate Debt Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 1,001 | 994 |
Corporate Debt Securities [Member] | Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 1,001 | 994 |
Corporate Debt Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | ' | ' |
Trust Preferred Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 5,129 | 4,830 |
Trust Preferred Securities [Member] | Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 5,129 | 4,830 |
Trust Preferred Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | ' | ' |
Agency Mortgage-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 83,036 | 49,066 |
Agency Mortgage-Backed Securities [Member] | Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 83,036 | 49,066 |
Agency Mortgage-Backed Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | ' | ' |
Private-Label Mortgage-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 2,062 | 2,426 |
Private-Label Mortgage-Backed Securities [Member] | Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 2,062 | 2,426 |
Private-Label Mortgage-Backed Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | ' | ' |
Asset-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 46 | 46 |
Asset-Backed Securities [Member] | Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | 46 | 46 |
Asset-Backed Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale, at fair value | ' | ' |
Fair_Value_Measurements_And_Fa4
Fair Value Measurements And Fair Values Of Financial Instruments (Schedule Of Fair Value On A Nonrecurring Basis) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | $11,225 | $14,597 | ||
Level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | ' | ' | ||
Level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | ' | ' | ||
Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | 11,225 | 14,597 | ||
Impaired Loans [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | 10,502 | [1] | 9,235 | [1] |
Impaired Loans [Member] | Level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | ' | [1] | ' | [1] |
Impaired Loans [Member] | Level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | ' | [1] | ' | [1] |
Impaired Loans [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | 10,502 | [1] | 9,235 | [1] |
Other Real Estate Owned [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | 528 | [1] | 5,127 | [1] |
Other Real Estate Owned [Member] | Level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | ' | [1] | ' | [1] |
Other Real Estate Owned [Member] | Level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | ' | [1] | ' | [1] |
Other Real Estate Owned [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | 528 | [1] | 5,127 | [1] |
Mortgage Servicing Rights [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | 195 | 235 | ||
Mortgage Servicing Rights [Member] | Level 1 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | ' | ' | ||
Mortgage Servicing Rights [Member] | Level 2 [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | ' | ' | ||
Mortgage Servicing Rights [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | $195 | $235 | ||
[1] | Includes assets directly charged-down to fair value during the year-to-date period. |
Fair_Value_Measurements_And_Fa5
Fair Value Measurements And Fair Value Of Financial Instruments (Additional Qualitative Information About Level 3 Assets) (Details) (USD $) | 9 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | $11,225 | $14,597 | ||
Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | 11,225 | 14,597 | ||
Impaired Loans [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | 10,502 | [1] | 9,235 | [1] |
Impaired Loans [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | 10,502 | [1] | 9,235 | [1] |
Fair Value Measurements, Valuation Techniques | 'Appraisal | 'Appraisal | ||
Impaired Loans [Member] | Significant Unobservable Inputs (Level 3) [Member] | Minimum [Member] | Unobservable Input - Appraisal Adjustments [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Fair Value Inputs, Discount Rate | 0.00% | [2] | 0.00% | [2] |
Impaired Loans [Member] | Significant Unobservable Inputs (Level 3) [Member] | Minimum [Member] | Unobservable Input - Cost To Sell [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Fair Value Inputs, Discount Rate | 5.00% | 5.00% | ||
Impaired Loans [Member] | Significant Unobservable Inputs (Level 3) [Member] | Maximum [Member] | Unobservable Input - Appraisal Adjustments [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Fair Value Inputs, Discount Rate | 100.00% | [2] | 100.00% | [2] |
Impaired Loans [Member] | Significant Unobservable Inputs (Level 3) [Member] | Maximum [Member] | Unobservable Input - Cost To Sell [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Fair Value Inputs, Discount Rate | 15.00% | 25.00% | ||
Impaired Loans [Member] | Significant Unobservable Inputs (Level 3) [Member] | Weighted Average [Member] | Unobservable Input - Appraisal Adjustments [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Fair Value Inputs, Discount Rate | 35.30% | [2] | 11.00% | [2] |
Impaired Loans [Member] | Significant Unobservable Inputs (Level 3) [Member] | Weighted Average [Member] | Unobservable Input - Cost To Sell [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Fair Value Inputs, Discount Rate | 6.35% | 7.00% | ||
Other Real Estate Owned [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | 528 | [1] | 5,127 | [1] |
Other Real Estate Owned [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | 528 | [1] | 5,127 | [1] |
Fair Value Measurements, Valuation Techniques | 'Appraisal | 'Appraisal | ||
Other Real Estate Owned [Member] | Significant Unobservable Inputs (Level 3) [Member] | Unobservable Input - Cost To Sell [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Fair Value Inputs, Discount Rate | 8.00% | 8.00% | ||
Other Real Estate Owned [Member] | Significant Unobservable Inputs (Level 3) [Member] | Weighted Average [Member] | Unobservable Input - Cost To Sell [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Fair Value Inputs, Discount Rate | 8.00% | 8.00% | ||
Mortgage Servicing Rights [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | 195 | 235 | ||
Mortgage Servicing Rights [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Assets, Fair Value Disclosure, Nonrecurring | $195 | $235 | ||
Fair Value Measurements, Valuation Techniques | 'Discounted Cash Flow (3) | [3] | 'Discounted Cash Flow (3) | [3] |
[1] | Includes assets directly charged-down to fair value during the year-to-date period. | |||
[2] | Qualitative adjustments are discounts specific to each asset and are made as needed. | |||
[3] | Valuation and inputs are determined by a third-party pricing service without adjustment |
Financial_Derivatives_Schedule
Financial Derivatives (Schedule Of Interest Rate Swap) (Details) (Interest Rate Swap Maturing 5/30/2015 [Member], USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 |
Interest Rate Swap Maturing 5/30/2015 [Member] | ' |
Derivative [Line Items] | ' |
Notional Amount | $10,000 |
Maturity Date | 30-May-15 |
Fixed Interest Rate | 3.87% |
Variable Interest Rate | 0.02% |
Amount Expected To Be Expensed Into Earnings Within The Next Twelve Months | $385 |
Financial_Derivatives_Schedule1
Financial Derivatives (Schedule Of Fair Value Of Derivative Instruments) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | Interest Rate Swap Maturing 5/30/2013 [Member] | Interest Rate Swap Maturing 5/30/2015 [Member] | ||
Other Liabilities [Member] | Other Liabilities [Member] | |||
Derivatives, Fair Value [Line Items] | ' | ' | ' | ' |
Type | ' | ' | 'Interest rate contracts | 'Interest rate contracts |
Balance Sheet Location | ' | ' | 'Other liabilities | 'Other liabilities |
Interest Rate Derivative Liabilities, at Fair Value | $650 | $1,103 | $650 | $1,103 |
Financial_Derivatives_Schedule2
Financial Derivatives (Schedule Of Effect Of Derivative Instruments On The Statement Of Income) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) | 'Interest Expense | 'Interest Expense | 'Interest Expense | 'Interest Expense |
Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) | 'Other income (expense) | 'Other income (expense) | 'Other income (expense) | 'Other income (expense) |
Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion) | $0 | $0 | $0 | $0 |
Interest Expense [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Amount of Gain or (Loss) Recognized in OCI net of tax on (Effective Portion) | 51 | 106 | 299 | 301 |
Other Income (Expense) [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) | ($97) | ($192) | ($429) | ($551) |
Financial_Derivatives_Schedule3
Financial Derivatives (Schedule Of Derivative Instruments Subject To Master Netting Arrangement Or Repurchase Agreement) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Financial Derivatives [Abstract] | ' | ' |
Gross Amounts of Recognized Liabilities | $650 | $1,103 |
Gross Amounts Offset in the Statements of Condition | ' | ' |
Net Amounts of Liabilities Presented in the Statements of Condition | 650 | 1,103 |
Gross Amounts Not Offset in the Statements of Condition, Financial Instruments | 650 | 1,103 |
Gross Amounts Not Offset in the Statements of Condition, Cash Collateral Pledged | ' | ' |
Gross Amounts Not Offset in the Statements of Condition, Net Amount | ' | ' |