Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Oct. 31, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'HILLS BANCORPORATION | ' |
Entity Central Index Key | '0000732417 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Entity Voluntary Filers | 'No | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 4,726,245 |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
CONSOLIDATED_BALANCE_SHEETS_Un
CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and cash equivalents | $56,923 | $63,582 |
Investment securities available for sale at fair value (amortized cost September 30, 2013 $225,527; December 31, 2012 $219,777) | 227,679 | 226,182 |
Stock of Federal Home Loan Bank | 7,580 | 8,062 |
Loans held for sale | 2,811 | 28,256 |
Loans, net of allowance for loan losses (September 30, 2013 $24,750; December 31, 2012 $25,160) | 1,767,603 | 1,697,002 |
Property and equipment, net | 29,876 | 30,624 |
Tax credit real estate | 18,267 | 18,745 |
Accrued interest receivable | 8,460 | 7,851 |
Deferred income taxes, net | 8,874 | 7,144 |
Other real estate | 588 | 746 |
Goodwill | 2,500 | 2,500 |
Prepaid FDIC insurance | 0 | 2,957 |
Other assets | 2,979 | 6,069 |
Total Assets | 2,134,140 | 2,099,720 |
Liabilities | ' | ' |
Noninterest-bearing deposits | 250,226 | 273,973 |
Interest-bearing deposits | 1,443,079 | 1,388,571 |
Total deposits | 1,693,305 | 1,662,544 |
Short-term borrowings | 29,163 | 38,783 |
Federal Home Loan Bank borrowings | 125,000 | 125,000 |
Accrued interest payable | 1,092 | 1,361 |
Other liabilities | 18,337 | 16,121 |
Total Liabilities | 1,866,897 | 1,843,809 |
Redeemable Common Stock Held by Employee Stock Ownership Plan (ESOP) | 28,140 | 30,715 |
STOCKHOLDERS' EQUITY | ' | ' |
Common stock, no par value; authorized 10,000,000 shares; issued September 30, 2013 - 5,071,780 shares; December 31, 2012 - 5,064,383 shares | 0 | 0 |
Paid in capital | 42,013 | 42,241 |
Retained earnings | 244,787 | 229,625 |
Accumulated other comprehensive income | 1,329 | 3,955 |
Unearned ESOP shares | -1,513 | -1,513 |
Treasury stock at cost (September 30, 2013 - 341,666 shares; December 31, 2012 - 328,065 shares) | -19,373 | -18,397 |
Total Stockholders' Equity | 267,243 | 255,911 |
Less maximum cash obligation related to ESOP shares | 28,140 | 30,715 |
Total Stockholders' Equity Less Maximum Cash Obligations Related to ESOP Shares | 239,103 | 225,196 |
Total Liabilities & Stockholders' Equity | $2,134,140 | $2,099,720 |
CONSOLIDATED_BALANCE_SHEETS_Un1
CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
ASSETS | ' | ' |
Investment securities available for sale, amortized cost | $225,527 | $219,777 |
Loans, allowance for loan losses | $24,750 | $25,160 |
STOCKHOLDERS' EQUITY | ' | ' |
Common stock, no par value (in dollars per share) | $0 | $0 |
Common stock, authorized (in shares) | 10,000,000 | 10,000,000 |
Common stock, issued (in shares) | 5,071,780 | 5,064,383 |
Treasury stock at cost (in shares) | 341,666 | 328,065 |
CONSOLIDATED_STATEMENTS_OF_INC
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (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 | $20,104 | $20,907 | $60,000 | $63,291 |
Investment securities: | ' | ' | ' | ' |
Taxable | 303 | 460 | 957 | 1,535 |
Nontaxable | 823 | 857 | 2,497 | 2,544 |
Federal funds sold | 11 | 32 | 57 | 90 |
Total interest income | 21,241 | 22,256 | 63,511 | 67,460 |
Interest expense: | ' | ' | ' | ' |
Deposits | 2,684 | 3,396 | 8,488 | 10,493 |
Short-term borrowings | 41 | 61 | 102 | 156 |
FHLB borrowings | 1,409 | 1,983 | 4,181 | 5,963 |
Total interest expense | 4,134 | 5,440 | 12,771 | 16,612 |
Net interest income | 17,107 | 16,816 | 50,740 | 50,848 |
Provision for loan losses | 112 | -608 | -309 | -2,900 |
Net interest income after provision for loan losses | 16,995 | 17,424 | 51,049 | 53,748 |
Noninterest income: | ' | ' | ' | ' |
Net gain on sales of loans | 531 | 1,023 | 1,793 | 2,589 |
Trust fees | 1,185 | 1,160 | 3,740 | 3,450 |
Service charges and fees | 2,022 | 1,970 | 5,969 | 5,802 |
Rental revenue on tax credit real estate | 398 | 397 | 1,114 | 1,189 |
Net gain on sale of other real estate owned and other repossessed assets | 18 | 163 | 168 | 604 |
Other noninterest income | 591 | 608 | 1,939 | 1,880 |
Noninterest income | 4,745 | 5,321 | 14,723 | 15,514 |
Noninterest expenses: | ' | ' | ' | ' |
Salaries and employee benefits | 6,158 | 5,782 | 18,312 | 17,725 |
Occupancy | 907 | 773 | 2,780 | 2,469 |
Furniture and equipment | 1,183 | 1,183 | 3,650 | 3,477 |
Office supplies and postage | 445 | 427 | 1,222 | 1,145 |
Advertising and business development | 624 | 608 | 1,895 | 1,705 |
Outside services | 1,819 | 1,689 | 5,378 | 5,026 |
Rental expenses on tax credit real estate | 614 | 560 | 1,571 | 1,774 |
FDIC insurance assessment | 229 | 259 | 760 | 784 |
Loss on extinguishment of debt - Federal Home Loan Bank borrowings | 0 | 3,544 | 0 | 3,544 |
Other noninterest expense | 432 | 447 | 1,298 | 1,382 |
Noninterest expenses | 12,411 | 15,272 | 36,866 | 39,031 |
Income before income taxes | 9,329 | 7,473 | 28,906 | 30,231 |
Income taxes | 2,705 | 1,971 | 8,558 | 8,759 |
Net income | $6,624 | $5,502 | $20,348 | $21,472 |
Earnings per share: | ' | ' | ' | ' |
Basic (in dollars per share) | $1.41 | $1.16 | $4.32 | $4.52 |
Diluted (in dollars per share) | $1.40 | $1.16 | $4.31 | $4.51 |
CONSOLIDATED_STATEMENTS_OF_COM
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (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 (Unaudited) [Abstract] | ' | ' | ' | ' |
Net income | $6,624 | $5,502 | $20,348 | $21,472 |
Other comprehensive (loss) income before tax: | ' | ' | ' | ' |
Unrealized holding (losses) gains arising during the period | -1,084 | 152 | -4,236 | -876 |
Less: reclassification adjustments for gains included in net income | 0 | 0 | -17 | -6 |
Other comprehensive (loss) income, before tax: | -1,084 | 152 | -4,253 | -882 |
Tax benefit (expense) related to other comprehensive loss | 414 | -58 | 1,627 | 337 |
Other comprehensive (loss) income, net of tax | -670 | 94 | -2,626 | -545 |
Comprehensive income | $5,954 | $5,596 | $17,722 | $20,927 |
CONSOLIDATED_STATEMENTS_OF_STO
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) (USD $) | Paid In Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Unearned ESOP Shares [Member] | Treasury Stock [Member] | Maximum Cash Obligation Related to ESOP Shares [Member] | Total |
In Thousands, unless otherwise specified | |||||||
Balance at Dec. 31, 2011 | $41,467 | $207,790 | $4,974 | ($2,017) | ($15,959) | ($27,826) | $208,429 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Issuance of shares of common stock | 488 | 0 | 0 | 0 | 0 | 0 | 488 |
Forfeiture of shares of common stock | -41 | 0 | 0 | 0 | 0 | 0 | -41 |
Share-based compensation | 13 | 0 | 0 | 0 | 0 | 0 | 13 |
Income tax benefit related to share-based compensation | 38 | 0 | 0 | 0 | 0 | 0 | 38 |
Change related to ESOP shares | 0 | 0 | 0 | 0 | 0 | -1,772 | -1,772 |
Net income | 0 | 21,472 | 0 | 0 | 0 | 0 | 21,472 |
Cash dividends | 0 | -4,998 | 0 | 0 | 0 | 0 | -4,998 |
Purchase of shares of common stock | 0 | 0 | 0 | 0 | -1,739 | 0 | -1,739 |
Other comprehensive loss | 0 | 0 | -545 | 0 | 0 | 0 | -545 |
Balance at Sep. 30, 2012 | 41,965 | 224,264 | 4,429 | -2,017 | -17,698 | -29,598 | 221,345 |
Balance at Dec. 31, 2012 | 42,241 | 229,625 | 3,955 | -1,513 | -18,397 | -30,715 | 225,196 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Issuance of shares of common stock | 240 | 0 | 0 | 0 | 0 | 0 | 240 |
Issuance of shares of common stock under the employee stock purchase plan | 111 | 0 | 0 | 0 | 0 | 0 | 111 |
Unearned restricted stock compensation | -660 | 0 | 0 | 0 | 0 | 0 | -660 |
Forfeiture of shares of common stock | -25 | 0 | 0 | 0 | 0 | 0 | -25 |
Share-based compensation | 21 | 0 | 0 | 0 | 0 | 0 | 21 |
Income tax benefit related to share-based compensation | 85 | 0 | 0 | 0 | 0 | 0 | 85 |
Change related to ESOP shares | 0 | 0 | 0 | 0 | 0 | 2,575 | 2,575 |
Net income | 0 | 20,348 | 0 | 0 | 0 | 0 | 20,348 |
Cash dividends | 0 | -5,186 | 0 | 0 | 0 | 0 | -5,186 |
Purchase of shares of common stock | 0 | 0 | 0 | 0 | -976 | 0 | -976 |
Other comprehensive loss | 0 | 0 | -2,626 | 0 | 0 | 0 | -2,626 |
Balance at Sep. 30, 2013 | $42,013 | $244,787 | $1,329 | ($1,513) | ($19,373) | ($28,140) | $239,103 |
CONSOLIDATED_STATEMENTS_OF_STO1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) (Parenthetical) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' |
Issuance of common stock (in shares) | 6,180 | 8,797 |
Forfeiture of common stock (in shares) | 375 | 718 |
Cash dividends (in dollars per share) | $1.10 | $1.05 |
Purchase of common stock (in shares) | 13,601 | 25,990 |
Issuance of common stock purchased under the Employee Stock Purchase Plan (in shares) | 1,592 | ' |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Cash Flows from Operating Activities | ' | ' |
Net income | $20,348 | $21,472 |
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities: | ' | ' |
Depreciation | 2,176 | 2,149 |
Provision for loan losses | -309 | -2,900 |
Net gain on sale of investment securities | -17 | -6 |
Share-based compensation | 21 | 13 |
Forfeiture of common stock | -25 | -41 |
Compensation expensed through issuance of common stock | 176 | 400 |
Excess tax benefits from share-based compensation | -85 | -38 |
Provision for deferred income taxes | -103 | 1,529 |
Net gain on sale of other real estate owned and other repossessed assets | -168 | -604 |
Increase in accrued interest receivable | -609 | -425 |
Amortization of discount on investment securities, net | 834 | 747 |
Decrease in prepaid FDIC insurance | 2,957 | 694 |
Decrease (increase) in other assets | 3,175 | -827 |
Increase in accrued interest payable and other liabilities | 1,287 | 81 |
Loans originated for sale | -178,872 | -235,155 |
Proceeds on sales of loans | 206,110 | 246,356 |
Net gain on sales of loans | -1,793 | -2,589 |
Net cash and cash equivalents provided by operating activities | 55,103 | 30,856 |
Cash Flows from Investing Activities | ' | ' |
Proceeds from maturities of investment securities available for sale | 21,070 | 43,126 |
Proceeds from sales of investment securities available for sale | 566 | 246 |
Purchases of investment securities available for sale | -27,721 | -51,634 |
Loans made to customers, net of collections | -71,241 | -45 |
Proceeds on sale of other real estate owned and other repossessed assets | 1,275 | 2,476 |
Purchases of property and equipment | -1,428 | -2,756 |
Income from tax credit real estate, net | 478 | 937 |
Net cash and cash equivalents used in investing activities | -77,001 | -7,650 |
Cash Flows from Financing Activities | ' | ' |
Net increase in deposits | 30,761 | 81,674 |
Net decrease in short-term borrowings | -9,620 | -7,709 |
Stock options exercised | 175 | 88 |
Excess tax benefits related to share-based compensation | 85 | 38 |
Payments on FHLB borrowings | 0 | -40,000 |
Purchase of treasury stock | -976 | -1,739 |
Dividends paid | -5,186 | -4,998 |
Net cash and cash equivalents provided by financing activities | 15,239 | 27,354 |
(Decrease) increase in cash and cash equivalents | -6,659 | 50,560 |
Cash and cash equivalents: | ' | ' |
Beginning of year | 63,582 | 29,291 |
End of period | 56,923 | 79,851 |
Cash payments for: | ' | ' |
Interest paid to depositors | 8,757 | 10,681 |
Interest paid on other obligations | 4,283 | 6,119 |
Income taxes paid | 6,800 | 8,208 |
Noncash activities: | ' | ' |
(Decrease) increase in maximum cash obligation related to ESOP shares | -2,575 | 1,772 |
Transfers to other real estate owned | $949 | $1,666 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 9 Months Ended | |
Sep. 30, 2013 | ||
Summary of Significant Accounting Policies [Abstract] | ' | |
Summary of Significant Accounting Policies | ' | |
Note 1. | Summary of Significant Accounting Policies | |
Basis of Presentation: | ||
The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial reporting and with instructions for Form 10-Q and Regulation S-X. These financial statements include all adjustments (consisting of normal recurring accruals) which in the opinion of management are considered necessary for the fair presentation of the financial position and results of operations for the periods shown. Certain prior year amounts may be reclassified to conform to the current year presentation. The Company considers that it operates as one business segment, a commercial bank. | ||
The consolidated balance sheet of the Company as of December 31, 2012, has been derived from the audited consolidated balance sheet of the Company as of that date. Operating results for the nine month period ended September 30, 2013 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2013. | ||
Certain information and note disclosures normally included in the Company's annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 filed with the Securities and Exchange Commission on March 13, 2013. | ||
The Company evaluated subsequent events through the filing date of its quarterly report on Form 10-Q with the SEC. | ||
Recently Adopted Accounting Standards: | ||
In July 2012, the FASB issued ASU 2012-02, Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment, which permits an entity to make a qualitative assessment to determine whether it is more likely than not that an indefinite-lived intangible asset, other than goodwill, is impaired. Under the new standard, if an entity concludes, based on an evaluation of all relevant qualitative factors, that it is not more likely than not that the fair value of an indefinite-lived intangible asset is less than its carrying amount, it will not be required to perform the quantitative impairment test for that asset. The standard is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012, with early adoption permitted. The adoption of this standard did not have a material impact on the consolidated financial statements. | ||
In February 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income, to improve the transparency of reporting reclassification out of accumulated other comprehensive income. The new standard is effective for reporting periods beginning after December 15, 2012, and the amendments should be prospectively applied. The amendments do not change the current requirement for reporting net income or other comprehensive income. The amendments require an organization to present on the face of the financial statements or in the footnotes the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income if the item reclassified is required to be reclassified to net income in its entirety in the same reporting period. Additionally, for other amounts that are not required to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required to provide additional detail about those amounts. The adoption of this standard did not have a material impact on the consolidated financial statements. |
Earnings_Per_Share
Earnings Per Share | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Earnings Per Share | ' | ||||||||||||||||
Note 2. | Earnings Per Share | ||||||||||||||||
Basic earnings per share is computed using the weighted average number of actual common shares outstanding during the period. Diluted earnings per share reflects the potential dilution that would occur from the exercise of common stock options outstanding. ESOP shares are considered outstanding for this calculation unless unearned. | |||||||||||||||||
The computation of basic and diluted earnings per share for the periods presented is as follows: | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Common shares outstanding at the beginning of the period | 4,708,910 | 4,746,393 | 4,712,328 | 4,759,818 | |||||||||||||
Weighted average number of net shares redeemed | (720 | ) | (4,818 | ) | (364 | ) | (9,203 | ) | |||||||||
Weighted average shares outstanding (basic) | 4,708,190 | 4,741,575 | 4,711,964 | 4,750,615 | |||||||||||||
Weighted average of potential dilutive shares attributable to stock options granted, computed under the treasury stock method | 3,220 | 6,777 | 3,755 | 6,954 | |||||||||||||
Weighted average number of shares (diluted) | 4,711,410 | 4,748,352 | 4,715,719 | 4,757,569 | |||||||||||||
Net income (In thousands) | $ | 6,624 | $ | 5,502 | $ | 20,348 | $ | 21,472 | |||||||||
Earnings per share: | |||||||||||||||||
Basic | $ | 1.41 | $ | 1.16 | $ | 4.32 | $ | 4.52 | |||||||||
Diluted | $ | 1.4 | $ | 1.16 | $ | 4.31 | $ | 4.51 |
Other_Comprehensive_Income
Other Comprehensive Income | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Other Comprehensive Income [Abstract] | ' | ||||||||||||||||
Other Comprehensive Income | ' | ||||||||||||||||
Note 3. | Other Comprehensive Income | ||||||||||||||||
The following table summarizes the changes in the balances of each component of accumulated other comprehensive income for the three and nine months ended September 30, 2013 and 2012 (in thousands): | |||||||||||||||||
Three Months Ended September 30, 2013 | Nine Months Ended September 30, 2013 | ||||||||||||||||
Unrealized Gains | Accumulated Other Comprehensive Income | Unrealized Gains | Accumulated Other Comprehensive Income | ||||||||||||||
on Securities | on Securities | ||||||||||||||||
Balance at the beginning of the period | $ | 659 | $ | 659 | $ | 3,955 | $ | 3,955 | |||||||||
Current period, other comprehensive income (loss) | 670 | 670 | (2,626 | ) | (2,626 | ) | |||||||||||
Balance September 30, 2013 | $ | 1,329 | $ | 1,329 | $ | 1,329 | $ | 1,329 | |||||||||
Three Months Ended September 30, 2012 | Nine Months Ended September 30, 2012 | ||||||||||||||||
Unrealized Gains | Accumulated Other Comprehensive Income | Unrealized Gains | Accumulated Other Comprehensive Income | ||||||||||||||
on Securities | on Securities | ||||||||||||||||
Balance at the beginning of the period | $ | 4,335 | $ | 4,335 | $ | 4,974 | $ | 4,974 | |||||||||
Current period, other comprehensive income (loss) | 94 | 94 | (545 | ) | (545 | ) | |||||||||||
Balance September 30, 2012 | $ | 4,429 | $ | 4,429 | $ | 4,429 | $ | 4,429 |
Securities
Securities | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
Securities | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
Note 4. | Securities | ||||||||||||||||||||||||||||||||||||||||||||||||
The carrying values of investment securities at September 30, 2013 and December 31, 2012 are summarized in the following table (dollars in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||||||||
Amount | Percent | Amount | Percent | ||||||||||||||||||||||||||||||||||||||||||||||
Securities available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | $ | 135,056 | 59.32 | % | $ | 134,332 | 59.39 | % | |||||||||||||||||||||||||||||||||||||||||
Other securities (FHLB, FHLMC and FNMA) | 92,623 | 40.68 | 91,850 | 40.61 | |||||||||||||||||||||||||||||||||||||||||||||
Total securities available for sale | $ | 227,679 | 100 | % | $ | 226,182 | 100 | % | |||||||||||||||||||||||||||||||||||||||||
Investment securities have been classified in the consolidated balance sheets according to management’s intent. Available-for-sale securities consist of debt securities not classified as trading or held to maturity. Available-for-sale securities are stated at fair value, and unrealized holding gains and losses, net of the related deferred tax effect, are reported as a separate component of stockholders' equity. There were no trading or held to maturity securities as of September 30, 2013 or December 31, 2012. The carrying amount of available-for-sale securities and their approximate fair values were as follows as of September 30, 2013 and December 31, 2012 (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | Gross Unrealized | Gross Unrealized | Estimated Fair Value | ||||||||||||||||||||||||||||||||||||||||||||||
Gains | (Losses) | ||||||||||||||||||||||||||||||||||||||||||||||||
September 30, 2013: | |||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | $ | 133,288 | $ | 3,182 | $ | (1,414 | ) | $ | 135,056 | ||||||||||||||||||||||||||||||||||||||||
Other securities (FHLB, FHLMC and FNMA) | 92,239 | 477 | (93 | ) | 92,623 | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 225,527 | $ | 3,659 | $ | (1,507 | ) | $ | 227,679 | ||||||||||||||||||||||||||||||||||||||||
December 31, 2012: | |||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | $ | 128,848 | $ | 5,593 | $ | (109 | ) | $ | 134,332 | ||||||||||||||||||||||||||||||||||||||||
Other securities (FHLB, FHLMC and FNMA) | 90,929 | 946 | (25 | ) | 91,850 | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 219,777 | $ | 6,539 | $ | (134 | ) | $ | 226,182 | ||||||||||||||||||||||||||||||||||||||||
The amortized cost and estimated fair value of available-for-sale securities classified according to their contractual maturities at September 30, 2013, were as follows (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||||||||||||||||||||||||||||||||||
Due in one year or less | $ | 45,053 | $ | 45,344 | |||||||||||||||||||||||||||||||||||||||||||||
Due after one year through five years | 108,733 | 111,048 | |||||||||||||||||||||||||||||||||||||||||||||||
Due after five years through ten years | 71,641 | 71,190 | |||||||||||||||||||||||||||||||||||||||||||||||
Due over ten years | 100 | 97 | |||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 225,527 | $ | 227,679 | |||||||||||||||||||||||||||||||||||||||||||||
As of September 30, 2013 investment securities with a carrying value of $29.16 million were pledged to collateralize short-term borrowings. | |||||||||||||||||||||||||||||||||||||||||||||||||
The following table shows the fair value, gross unrealized losses and the percentage of fair value represented by gross unrealized losses of applicable investment securities owned by the Company, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2013 and December 31, 2012 (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | |||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | Unrealized | Unrealized | Unrealized | ||||||||||||||||||||||||||||||||||||||||||||||
Description of Securities | # | Fair Value | Loss | % | # | Fair Value | Loss | % | # | Fair Value | Loss | % | |||||||||||||||||||||||||||||||||||||
State and political subdivisions | 163 | $ | 37,949 | $ | (1,381 | ) | 3.64 | % | 10 | $ | 2,080 | $ | (33 | ) | 1.59 | % | 173 | $ | 40,029 | $ | (1,414 | ) | 3.53 | % | |||||||||||||||||||||||||
Other securities (FHLB, FHLMC and FNMA) | 6 | 16,647 | (93 | ) | 0.56 | % | - | - | - | - | 6 | 16,647 | (93 | ) | 0.56 | % | |||||||||||||||||||||||||||||||||
Total temporarily impaired securities | 169 | $ | 54,596 | $ | (1,474 | ) | 2.7 | % | 10 | $ | 2,080 | $ | (33 | ) | 1.59 | % | 179 | $ | 56,676 | $ | (1,507 | ) | 2.66 | % | |||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | |||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | Unrealized | Unrealized | Unrealized | ||||||||||||||||||||||||||||||||||||||||||||||
Description of Securities | # | Fair Value | Loss | % | # | Fair Value | Loss | % | # | Fair Value | Loss | % | |||||||||||||||||||||||||||||||||||||
State and political subdivisions | 37 | $ | 7,854 | $ | (92 | ) | 1.17 | % | 2 | $ | 483 | $ | (17 | ) | 3.52 | % | 39 | $ | 8,337 | $ | (109 | ) | 1.31 | % | |||||||||||||||||||||||||
Other securities (FHLB, FHLMC and FNMA) | 5 | 12,865 | (25 | ) | 0.19 | % | - | - | - | - | 5 | 12,865 | (25 | ) | 0.19 | % | |||||||||||||||||||||||||||||||||
Total temporarily impaired securities | 42 | $ | 20,719 | $ | (117 | ) | 0.56 | % | 2 | $ | 483 | $ | (17 | ) | 3.52 | % | 44 | $ | 21,202 | $ | (134 | ) | 0.63 | % | |||||||||||||||||||||||||
The Company considered the following information in reaching the conclusion that the impairments disclosed in the table above are temporary and not other-than-temporary impairments. Two of the ten state and political subdivision securities with gross unrealized losses greater than twelve months as of September 30, 2013 are municipal bonds which are rated Ba2. Bonds with a Ba2 rating are less than investment grade. The aggregate fair value of these Ba2 rated bonds is $0.49 million while their amortized cost is $0.50 million, representing an unrealized loss of $0.01 million. None of the unrealized losses in the above table were due to the deterioration in the credit quality of any of the issues that might result in the non-collection of contractual principal and interest. The unrealized losses are due to changes in interest rates. The Company has not recognized any unrealized loss in income because management does not have the intent to sell the securities included in the previous table. Management has concluded that it is more likely than not that the Company will not be required to sell these securities prior to recovery of the amortized cost basis. |
Loans
Loans | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Loans [Abstract] | ' | ||||||||||||||||||||||||||||||||
Loans | ' | ||||||||||||||||||||||||||||||||
Note 5. | Loans | ||||||||||||||||||||||||||||||||
Classes of loans are as follows: | |||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||||||||||
Agricultural | $ | 82,740 | $ | 76,190 | |||||||||||||||||||||||||||||
Commercial and financial | 166,175 | 148,034 | |||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | 31,852 | 25,788 | |||||||||||||||||||||||||||||||
Construction, land development and commercial | 67,302 | 79,097 | |||||||||||||||||||||||||||||||
Mortgage, farmland | 131,105 | 113,841 | |||||||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 596,838 | 583,567 | |||||||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 103,278 | 104,278 | |||||||||||||||||||||||||||||||
Mortgage, multi-family | 239,795 | 214,812 | |||||||||||||||||||||||||||||||
Mortgage, commercial | 310,847 | 312,506 | |||||||||||||||||||||||||||||||
Loans to individuals | 19,034 | 20,350 | |||||||||||||||||||||||||||||||
Obligations of state and political subdivisions | 42,761 | 43,102 | |||||||||||||||||||||||||||||||
$ | 1,791,727 | $ | 1,721,565 | ||||||||||||||||||||||||||||||
Net unamortized fees and costs | 626 | 597 | |||||||||||||||||||||||||||||||
$ | 1,792,353 | $ | 1,722,162 | ||||||||||||||||||||||||||||||
Less allowance for loan losses | 24,750 | 25,160 | |||||||||||||||||||||||||||||||
$ | 1,767,603 | $ | 1,697,002 | ||||||||||||||||||||||||||||||
The Bank primarily makes loans in the Bank’s market area. The Bank’s market area includes the counties of Johnson, Linn and Washington as well as the contiguous counties of Benton, Buchanan, Cedar, Delaware, Henry, Iowa, Jefferson, Jones, Keokuk, Louisa, and Muscatine. Out of market area financing is limited and according to the Bank’s loan policy is subject to additional preapproval requirements. | |||||||||||||||||||||||||||||||||
Agricultural loans include loans made to finance agricultural production and other loans to farmers and farming operations. Agricultural loans, most of which are secured by crops and machinery, are provided to finance capital improvement and farm operations as well as acquisitions of livestock and machinery. The ability of the borrower to repay may be affected by many factors outside of the borrower’s control including adverse weather conditions, loss of livestock due to disease or other factors, declines in market prices for agricultural products and the impact of government regulations. The ultimate repayment of agricultural loans is dependent upon the profitable operation or management of the agricultural entity. Agricultural loans generally have a term of one year and may have a fixed or variable rate. | |||||||||||||||||||||||||||||||||
The Bank’s commercial and financial loans include loans to contractors, retailers and other businesses. The Bank provides a wide range of business loans, including lines of credit for working capital and operational purposes and term loans for the acquisition of equipment. Although most loans are made on a secured basis, loans may be made on an unsecured basis where warranted by the overall financial condition of the borrower. Terms of commercial and financial loans generally range from one to five years. Interest rates for commercial loans can be fixed or variable. The Bank’s commercial and financial loans are primarily made based on the reported cash flow of the borrower and secondarily on the underlying collateral provided by the borrower. The collateral support provided by the borrower for most of these loans and the probability of repayment is based on the liquidation of the pledged collateral and enforcement of personal guarantees, if applicable. The primary repayment risks of commercial loans are that the cash flows of the borrower may be unpredictable, and the collateral securing these loans may fluctuate in value. | |||||||||||||||||||||||||||||||||
The Bank offers loans both to individuals that are constructing personal residences and to real estate developers and building contractors for the acquisition of land for development and the construction of homes and commercial properties. Construction loans generally have a term of one year or less, with interest payable at maturity. Interest rate arrangements are variable for construction projects. Generally, collateral for construction loans is the underlying construction project. | |||||||||||||||||||||||||||||||||
Loans for farmland are made to individuals and businesses. The primary source of repayment is the cash flow generated by the collateral underlying the loan. The secondary repayment source would be the liquidation of the collateral. Terms for real estate loans secured by farmland range from one to five years with an amortization period of 25 years or less. Generally, interest rates are fixed for mortgage loans secured by farmland. | |||||||||||||||||||||||||||||||||
Residential real estate loans include first and junior liens on 1 to 4 family residences. The Bank sells certain mortgage loans to third parties on the secondary market. For the loans sold on the secondary market the Bank does not retain any percentage of ownership or servicing rights. Interest rates for residential real estate mortgages are determined by competitive pricing factors on the secondary market and within the Bank’s market area. Collateral for residential real estate mortgages is generally the underlying property. Generally, repayment of these loans is from monthly principal and interest payments from the borrower’s personal cash flows and liquidity, and collateral values are a function of residential real estate values in the markets that the Bank serves. | |||||||||||||||||||||||||||||||||
Multi-family real estate loans are primarily secured by properties such as apartment complexes. The primary source of repayment is the cash flow generated by the collateral underlying the loan. The secondary repayment source would be the liquidation of the collateral. Terms for commercial real estate loans range from one to five years with an amortization period of 25 years or less. Generally, interest rates for multi-family loans are fixed for the loan term. | |||||||||||||||||||||||||||||||||
The Bank originates loans for commercial properties to individuals and businesses. The primary source of repayment is the cash flow generated by the collateral underlying the loan. The secondary repayment source would be the liquidation of the collateral. Terms for commercial real estate loans range from one to five years with an amortization period of 25 years or less. The Bank offers both fixed and variable rate loans for commercial real estate. | |||||||||||||||||||||||||||||||||
The Bank offers loans to individuals including personal loans and automobile loans. These consumer loans typically have shorter terms and lower balances. | |||||||||||||||||||||||||||||||||
Obligations to State and Political Subdivisions include only tax-exempt loans. | |||||||||||||||||||||||||||||||||
Changes in the allowance for loan losses, the allowance for loan losses applicable to impaired loans and the related loan balance of impaired loans for the three and nine months ended September 30, 2013 were as follows: | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Agricultural | Commercial and Financial | Real Estate: | Real Estate: | Real Estate: | Real Estate: | Other | Total | ||||||||||||||||||||||||||
Construction and | Mortgage, | Mortgage, 1 to 4 | Mortgage, multi- | ||||||||||||||||||||||||||||||
land development | farmland | family | family and | ||||||||||||||||||||||||||||||
commercial | |||||||||||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 2,379 | $ | 4,878 | $ | 2,988 | $ | 2,150 | $ | 6,984 | $ | 4,370 | $ | 651 | $ | 24,400 | |||||||||||||||||
Charge-offs | - | (283 | ) | - | - | (103 | ) | (44 | ) | (19 | ) | (449 | ) | ||||||||||||||||||||
Recoveries | 12 | 220 | 76 | - | 85 | 258 | 36 | 687 | |||||||||||||||||||||||||
Provision | 150 | 58 | (258 | ) | 139 | 105 | (12 | ) | (70 | ) | 112 | ||||||||||||||||||||||
Ending balance | $ | 2,541 | $ | 4,873 | $ | 2,806 | $ | 2,289 | $ | 7,071 | $ | 4,572 | $ | 598 | $ | 24,750 | |||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Agricultural | Commercial and Financial | Real Estate: Construction and | Real Estate: | Real Estate: | Real Estate: | Other | Total | ||||||||||||||||||||||||||
land development | Mortgage, | Mortgage, 1 to 4 family | Mortgage, multi-family and | ||||||||||||||||||||||||||||||
farmland | commercial | ||||||||||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 1,653 | $ | 4,573 | $ | 3,175 | $ | 1,746 | $ | 8,088 | $ | 5,104 | $ | 821 | $ | 25,160 | |||||||||||||||||
Charge-offs | - | (778 | ) | (220 | ) | - | (651 | ) | (327 | ) | (143 | ) | (2,119 | ) | |||||||||||||||||||
Recoveries | 30 | 772 | 242 | - | 434 | 414 | 126 | 2,018 | |||||||||||||||||||||||||
Provision | 858 | 306 | (391 | ) | 543 | (800 | ) | (619 | ) | (206 | ) | (309 | ) | ||||||||||||||||||||
Ending balance | $ | 2,541 | $ | 4,873 | $ | 2,806 | $ | 2,289 | $ | 7,071 | $ | 4,572 | $ | 598 | $ | 24,750 | |||||||||||||||||
Ending balance, individually evaluated for impairment | $ | 3 | $ | 13 | $ | - | $ | 4 | $ | 69 | $ | 218 | $ | 1 | $ | 308 | |||||||||||||||||
Ending balance, collectively evaluated for impairment | $ | 2,538 | $ | 4,860 | $ | 2,806 | $ | 2,285 | $ | 7,002 | $ | 4,354 | $ | 597 | $ | 24,442 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance | $ | 82,740 | $ | 166,175 | $ | 99,154 | $ | 131,105 | $ | 700,116 | $ | 550,642 | $ | 61,795 | $ | 1,791,727 | |||||||||||||||||
Ending balance, individually evaluated for impairment | 123 | 1,868 | 1,722 | 459 | 4,519 | 17,912 | 12 | 26,615 | |||||||||||||||||||||||||
Ending balance, collectively evaluated for impairment | $ | 82,617 | $ | 164,307 | $ | 97,432 | $ | 130,646 | $ | 695,597 | $ | 532,730 | $ | 61,783 | $ | 1,765,112 | |||||||||||||||||
Changes in the allowance for loan losses for the three and nine months ended September 30, 2012 were as follows: | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Agricultural | Commercial and Financial | Real Estate: | Real Estate: | Real Estate: | Real Estate: | Other | Total | ||||||||||||||||||||||||||
Construction and | Mortgage, | Mortgage, 1 to 4 | Mortgage, multi- | ||||||||||||||||||||||||||||||
land development | farmland | family | family and | ||||||||||||||||||||||||||||||
commercial | |||||||||||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 1,607 | $ | 5,203 | $ | 4,104 | $ | 1,687 | $ | 8,271 | $ | 5,171 | $ | 627 | $ | 26,670 | |||||||||||||||||
Charge-offs | - | (162 | ) | (88 | ) | - | (378 | ) | (3 | ) | (46 | ) | (677 | ) | |||||||||||||||||||
Recoveries | 10 | 461 | 8 | - | 155 | 99 | 52 | 785 | |||||||||||||||||||||||||
Provision | 287 | (818 | ) | 8 | (36 | ) | 89 | (186 | ) | 48 | (608 | ) | |||||||||||||||||||||
Ending balance | $ | 1,904 | $ | 4,684 | $ | 4,032 | $ | 1,651 | $ | 8,137 | $ | 5,081 | $ | 681 | $ | 26,170 | |||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Agricultural | Commercial and Financial | Real Estate: Construction and | Real Estate: | Real Estate: | Real Estate: | Other | Total | ||||||||||||||||||||||||||
land development | Mortgage, | Mortgage, 1 to 4 family | Mortgage, multi-family and | ||||||||||||||||||||||||||||||
farmland | commercial | ||||||||||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 1,354 | $ | 6,429 | $ | 4,994 | $ | 1,411 | $ | 9,051 | $ | 6,150 | $ | 761 | $ | 30,150 | |||||||||||||||||
Charge-offs | - | (991 | ) | (689 | ) | - | (1,113 | ) | (214 | ) | (136 | ) | (3,143 | ) | |||||||||||||||||||
Recoveries | 43 | 1,156 | 15 | - | 409 | 225 | 215 | 2,063 | |||||||||||||||||||||||||
Provision | 507 | (1,910 | ) | (288 | ) | 240 | (210 | ) | (1,080 | ) | (159 | ) | (2,900 | ) | |||||||||||||||||||
Ending balance | $ | 1,904 | $ | 4,684 | $ | 4,032 | $ | 1,651 | $ | 8,137 | $ | 5,081 | $ | 681 | $ | 26,170 | |||||||||||||||||
Ending balance, individually evaluated for impairment | $ | 3 | $ | 24 | $ | 41 | $ | - | $ | 66 | $ | 82 | $ | - | $ | 216 | |||||||||||||||||
Ending balance, collectively evaluated for impairment | $ | 1,901 | $ | 4,660 | $ | 3,991 | $ | 1,651 | $ | 8,071 | $ | 4,999 | $ | 681 | $ | 25,954 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance | $ | 68,769 | $ | 142,888 | $ | 106,738 | $ | 102,457 | $ | 689,835 | $ | 526,427 | $ | 52,251 | $ | 1,689,365 | |||||||||||||||||
Ending balance, individually evaluated for impairment | $ | 14 | $ | 3,012 | $ | 2,136 | $ | 810 | $ | 3,122 | $ | 19,921 | $ | - | $ | 29,015 | |||||||||||||||||
Ending balance, collectively evaluated for impairment | $ | 68,755 | $ | 139,876 | $ | 104,602 | $ | 101,647 | $ | 686,713 | $ | 506,506 | $ | 52,251 | $ | 1,660,350 | |||||||||||||||||
The following table presents the credit quality indicators by type of loans in each category as of September 30, 2013 and December 31, 2012, respectively (amounts in thousands): | |||||||||||||||||||||||||||||||||
Agricultural | Commercial and | Real Estate: | Real Estate: | ||||||||||||||||||||||||||||||
Financial | Construction, 1 to 4 | Construction, land | |||||||||||||||||||||||||||||||
family residential | development and | ||||||||||||||||||||||||||||||||
commercial | |||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 71,917 | $ | 134,059 | $ | 27,396 | $ | 56,994 | |||||||||||||||||||||||||
Potential Watch | 3,438 | 11,036 | 1,384 | 4,774 | |||||||||||||||||||||||||||||
Watch | 1,550 | 15,383 | 2,760 | 3,858 | |||||||||||||||||||||||||||||
Substandard | 5,835 | 5,697 | 312 | 1,676 | |||||||||||||||||||||||||||||
Total | $ | 82,740 | $ | 166,175 | $ | 31,852 | $ | 67,302 | |||||||||||||||||||||||||
Real Estate: | Real Estate: | Real Estate: Mortgage, | Real Estate: | ||||||||||||||||||||||||||||||
Mortgage, | Mortgage, 1 to 4 | 1 to 4 family junior | Mortgage, multi- | ||||||||||||||||||||||||||||||
farmland | family first liens | liens | family | ||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 122,593 | $ | 524,283 | $ | 95,965 | $ | 197,317 | |||||||||||||||||||||||||
Potential Watch | 4,553 | 27,236 | 1,639 | 17,376 | |||||||||||||||||||||||||||||
Watch | 1,570 | 25,295 | 3,719 | 24,281 | |||||||||||||||||||||||||||||
Substandard | 2,389 | 20,024 | 1,955 | 821 | |||||||||||||||||||||||||||||
Total | $ | 131,105 | $ | 596,838 | $ | 103,278 | $ | 239,795 | |||||||||||||||||||||||||
Real Estate: | Loans to | Obligations of | Total | ||||||||||||||||||||||||||||||
Mortgage, | individuals | state and | |||||||||||||||||||||||||||||||
commercial | political subdivisions | ||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 264,347 | $ | 18,500 | $ | 40,630 | $ | 1,554,001 | |||||||||||||||||||||||||
Potential Watch | 22,432 | 112 | 1,072 | 95,052 | |||||||||||||||||||||||||||||
Watch | 14,810 | 292 | 1,059 | 94,577 | |||||||||||||||||||||||||||||
Substandard | 9,258 | 130 | - | 48,097 | |||||||||||||||||||||||||||||
Total | $ | 310,847 | $ | 19,034 | $ | 42,761 | $ | 1,791,727 | |||||||||||||||||||||||||
Agricultural | Commercial and | Real Estate: | Real Estate: | ||||||||||||||||||||||||||||||
Financial | Construction, 1 to 4 | Construction, land | |||||||||||||||||||||||||||||||
family residential | development and | ||||||||||||||||||||||||||||||||
commercial | |||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 70,821 | $ | 123,005 | $ | 20,698 | $ | 67,011 | |||||||||||||||||||||||||
Potential Watch | 1,169 | 7,996 | 2,232 | 4,636 | |||||||||||||||||||||||||||||
Watch | 1,376 | 10,927 | 1,826 | 3,855 | |||||||||||||||||||||||||||||
Substandard | 2,824 | 6,106 | 1,032 | 3,595 | |||||||||||||||||||||||||||||
Total | $ | 76,190 | $ | 148,034 | $ | 25,788 | $ | 79,097 | |||||||||||||||||||||||||
Real Estate: | Real Estate: | Real Estate: Mortgage, | Real Estate: | ||||||||||||||||||||||||||||||
Mortgage, | Mortgage, 1 to 4 | 1 to 4 family junior | Mortgage, multi- | ||||||||||||||||||||||||||||||
farmland | family first liens | liens | family | ||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 106,041 | $ | 517,684 | $ | 94,219 | $ | 173,348 | |||||||||||||||||||||||||
Potential Watch | 2,434 | 24,240 | 3,839 | 11,098 | |||||||||||||||||||||||||||||
Watch | 1,863 | 21,266 | 3,584 | 27,936 | |||||||||||||||||||||||||||||
Substandard | 3,503 | 20,377 | 2,636 | 2,430 | |||||||||||||||||||||||||||||
Total | $ | 113,841 | $ | 583,567 | $ | 104,278 | $ | 214,812 | |||||||||||||||||||||||||
Real Estate: | Loans to | Obligations of | Total | ||||||||||||||||||||||||||||||
Mortgage, | individuals | state and | |||||||||||||||||||||||||||||||
commercial | political subdivisions | ||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 267,883 | $ | 19,763 | $ | 42,022 | $ | 1,502,495 | |||||||||||||||||||||||||
Potential Watch | 11,687 | 118 | - | 69,449 | |||||||||||||||||||||||||||||
Watch | 24,890 | 318 | 1,080 | 98,921 | |||||||||||||||||||||||||||||
Substandard | 8,046 | 151 | - | 50,700 | |||||||||||||||||||||||||||||
Total | $ | 312,506 | $ | 20,350 | $ | 43,102 | $ | 1,721,565 | |||||||||||||||||||||||||
The below are descriptions of the credit quality indicators: | |||||||||||||||||||||||||||||||||
Pass – Pass rated loans are supported by sound payment capacity, are adequately collateralized and have no apparent weaknesses that would affect the full repayment of the loan under the established terms and conditions. | |||||||||||||||||||||||||||||||||
Potential Watch – Potential watch rated loans are supported by adequate payment capacity, are adequately collateralized and are performing according to the established terms and conditions. However, the loan requires more than average monitoring due to a potential weakness. The potential watch indicator assists the Company in identifying and monitoring loans for which credit quality could deteriorate. | |||||||||||||||||||||||||||||||||
Watch – Watch rated loans are supported by a marginal payment capacity and may be marginally collateralized. There are identified weaknesses that if not monitored and corrected may adversely affect the Company’s credit position. A watch credit would typically have a weakness in one of the general categories (cash flow, collateral position or payment history) but not in all categories. | |||||||||||||||||||||||||||||||||
Substandard – Substandard loans are not adequately supported by the paying capacity of the borrower and may be inadequately collateralized. These loans have a well-defined weakness or weaknesses. For these loans, it is more probable than not that the Company could sustain some loss if the deficiency(ies) is not corrected. | |||||||||||||||||||||||||||||||||
Past due loans as of September 30, 2013 and December 31, 2012 were as follows: | |||||||||||||||||||||||||||||||||
90 Days | Total | Accruing Loans | |||||||||||||||||||||||||||||||
30 - 59 Days | 60 - 89 Days | or More | Total Past | Loans | Past Due 90 | ||||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Due | Current | Receivable | Days or More | |||||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Agricultural | $ | 492 | $ | - | $ | - | $ | 492 | $ | 82,248 | $ | 82,740 | $ | - | |||||||||||||||||||
Commercial and financial | 871 | 492 | 13 | 1,376 | 164,799 | 166,175 | 13 | ||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | - | 859 | - | 859 | 30,993 | 31,852 | - | ||||||||||||||||||||||||||
Construction, land development and commercial | 144 | 385 | 823 | 1,352 | 65,950 | 67,302 | 91 | ||||||||||||||||||||||||||
Mortgage, farmland | - | 60 | 171 | 231 | 130,874 | 131,105 | 171 | ||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 596 | 1,399 | 2,144 | 4,139 | 592,699 | 596,838 | 1,127 | ||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 355 | 264 | 95 | 714 | 102,564 | 103,278 | 66 | ||||||||||||||||||||||||||
Mortgage, multi-family | 846 | - | 68 | 914 | 238,881 | 239,795 | - | ||||||||||||||||||||||||||
Mortgage, commercial | 2,817 | 302 | 509 | 3,628 | 307,219 | 310,847 | 14 | ||||||||||||||||||||||||||
Loans to individuals | 27 | 13 | 12 | 52 | 18,982 | 19,034 | 12 | ||||||||||||||||||||||||||
Obligations of state and political subdivisions | - | - | - | - | 42,761 | 42,761 | - | ||||||||||||||||||||||||||
$ | 6,148 | $ | 3,774 | $ | 3,835 | $ | 13,757 | $ | 1,777,970 | $ | 1,791,727 | $ | 1,494 | ||||||||||||||||||||
December 31, 2012: | |||||||||||||||||||||||||||||||||
Agricultural | $ | 374 | $ | - | $ | - | $ | 374 | $ | 75,816 | $ | 76,190 | $ | - | |||||||||||||||||||
Commercial and financial | 712 | 100 | 100 | 912 | 147,122 | 148,034 | 10 | ||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | - | - | - | - | 25,788 | 25,788 | - | ||||||||||||||||||||||||||
Construction, land development and commercial | 909 | 15 | - | 924 | 78,173 | 79,097 | - | ||||||||||||||||||||||||||
Mortgage, farmland | - | - | 512 | 512 | 113,329 | 113,841 | - | ||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 5,433 | 1,579 | 2,033 | 9,045 | 574,522 | 583,567 | 1,592 | ||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 640 | 43 | 221 | 904 | 103,374 | 104,278 | 221 | ||||||||||||||||||||||||||
Mortgage, multi-family | 840 | - | 845 | 1,685 | 213,127 | 214,812 | 592 | ||||||||||||||||||||||||||
Mortgage, commercial | 2,060 | - | 1,415 | 3,475 | 309,031 | 312,506 | 228 | ||||||||||||||||||||||||||
Loans to individuals | 22 | - | - | 22 | 20,328 | 20,350 | - | ||||||||||||||||||||||||||
Obligations of state and political subdivisions | - | - | - | - | 43,102 | 43,102 | - | ||||||||||||||||||||||||||
$ | 10,990 | $ | 1,737 | $ | 5,126 | $ | 17,853 | $ | 1,703,712 | $ | 1,721,565 | $ | 2,643 | ||||||||||||||||||||
The Company does not have a significant amount of loans that are past due less than 90 days where there are serious doubts as to the ability of the borrowers to comply with the loan repayment terms. | |||||||||||||||||||||||||||||||||
Certain impaired loan information by loan type at September 30, 2013 and December 31, 2012, was as follows: | |||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||
Non-accrual | Accruing loans | TDR loans (2) | Non- | Accruing loans | TDR loans (2) | ||||||||||||||||||||||||||||
loans | past due 90 days | accrual | past due 90 days | ||||||||||||||||||||||||||||||
or more (1) | loans | or more (1) | |||||||||||||||||||||||||||||||
(Amounts In Thousands) | (Amounts In Thousands) | ||||||||||||||||||||||||||||||||
Agricultural | $ | - | $ | - | $ | 122 | $ | - | $ | - | $ | - | |||||||||||||||||||||
Commercial and financial | 108 | 13 | 1,748 | 265 | 10 | 1,824 | |||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | - | - | - | 714 | - | - | |||||||||||||||||||||||||||
Construction, land development and commercial | 1,572 | 91 | 58 | 2,169 | - | 95 | |||||||||||||||||||||||||||
Mortgage, farmland | - | 171 | 288 | 512 | - | 294 | |||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 1,909 | 1,127 | 1,295 | 580 | 1,592 | 1,065 | |||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 199 | 66 | - | 17 | 221 | 90 | |||||||||||||||||||||||||||
Mortgage, multi-family | 476 | - | 5,643 | 2,027 | 592 | 5,739 | |||||||||||||||||||||||||||
Mortgage, commercial | 1,804 | 14 | 9,899 | 1,401 | 228 | 10,323 | |||||||||||||||||||||||||||
Loans to individuals | - | 12 | - | - | - | - | |||||||||||||||||||||||||||
$ | 6,068 | $ | 1,494 | $ | 19,053 | $ | 7,685 | $ | 2,643 | $ | 19,430 | ||||||||||||||||||||||
-1 | There were $0.09 million TDR loans included within accruing loans past due 90 days or more as of September 30, 2013. There were no TDR loans included within accruing loans past due 90 days or more as of December 31, 2012. | ||||||||||||||||||||||||||||||||
-2 | Total TDR loans were $20.68 million and $22.13 million as of September 30, 2013 and December 31, 2012, respectively. Included in the total nonaccrual loans were $1.54 million and $2.69 million of TDR loans as of September 30, 2013 and December 31, 2012. | ||||||||||||||||||||||||||||||||
Loans 90 days or more past due that are still accruing interest decreased $1.15 million from December 31, 2012 to September 30, 2013. The average accruing loans past due 90 days or more balance was $62,000 as of September 30, 2013 and $110,000 as of December 31, 2012. The accruing loans past due 90 days or more balances are believed to be adequately collateralized and the Company expects to collect all principal and interest as contractually due under these loans. | |||||||||||||||||||||||||||||||||
The Company may modify the terms of a loan to maximize the collection of amounts due. Such a modification is considered a troubled debt restructuring (“TDR”). In most cases, the modification is either a reduction in interest rate, conversion to interest only payments or an extension of the maturity date. The borrower is experiencing financial difficulties or is expected to experience difficulties in the near-term, so a concessionary modification is granted to the borrower that would otherwise not be considered. TDR loans accrue interest as long as the borrower complies with the revised terms and conditions and has demonstrated repayment performance at a level commensurate with the modified terms over several payment cycles. | |||||||||||||||||||||||||||||||||
Below is a summary of information for TDR loans as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||
Number | Number | ||||||||||||||||||||||||||||||||
of | Recorded | Commitments | of | Recorded | Commitments | ||||||||||||||||||||||||||||
contracts | investment | outstanding | contracts | investment | outstanding | ||||||||||||||||||||||||||||
(Amounts In Thousands) | (Amounts In Thousands) | ||||||||||||||||||||||||||||||||
Agriculture | 1 | $ | 122 | $ | - | - | $ | - | $ | - | |||||||||||||||||||||||
Commercial and financial | 12 | 1,856 | 54 | 11 | 1,927 | 15 | |||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | - | - | - | - | - | - | |||||||||||||||||||||||||||
Construction, land development and commercial | 3 | 190 | - | 3 | 401 | - | |||||||||||||||||||||||||||
Mortgage, farmland | 1 | 288 | - | 1 | 295 | - | |||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 11 | 1,701 | - | 8 | 1,277 | - | |||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | - | - | - | 2 | 90 | 8 | |||||||||||||||||||||||||||
Mortgage, multi-family | 3 | 6,051 | - | 5 | 7,364 | - | |||||||||||||||||||||||||||
Mortgage, commercial | 7 | 10,475 | - | 8 | 10,771 | - | |||||||||||||||||||||||||||
Loans to individuals | - | - | - | - | - | - | |||||||||||||||||||||||||||
38 | $ | 20,683 | $ | 54 | 38 | $ | 22,125 | $ | 23 | ||||||||||||||||||||||||
The Company had no loan modifications considered TDR loans during the three months ended September 30, 2013. The following is a summary of TDR loans that were modified during the nine months ended September 30, 2013: | |||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Number | Pre-modification | Post-modification | |||||||||||||||||||||||||||||||
of | recorded | recorded | |||||||||||||||||||||||||||||||
contracts | investment | investment | |||||||||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||||||||||
Agriculture | 1 | $ | 125 | $ | 125 | ||||||||||||||||||||||||||||
Commercial and financial | 2 | 66 | 66 | ||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Mortgage, 1 to 4 family first lien | 3 | 483 | 448 | ||||||||||||||||||||||||||||||
6 | $ | 674 | $ | 639 | |||||||||||||||||||||||||||||
The Company had commitments to lend $0.05 million in additional borrowings to restructured loan customers as of September 30, 2013. The Company had commitments to lend $0.02 million in additional borrowings to restructured loan customers as of December 31, 2012. These commitments were in the normal course of business and allowed the borrowers to build pre-sold homes and commercial property, which was expected to increase their overall cash flow. The additional borrowings were not used to facilitate payments on these loans. | |||||||||||||||||||||||||||||||||
There were $0.09 million and $0.0 million of TDR loans that were in payment default (defined as past due 90 days or more) as of September 30, 2013 and December 31, 2012, respectively. As of September 30, 2013, TDR loans in payment default consisted of a $0.09 million land development construction loan. | |||||||||||||||||||||||||||||||||
Information regarding impaired loans as of and for the three and nine months ended September 30, 2013 is as follows: | |||||||||||||||||||||||||||||||||
30-Sep-13 | Three Months Ended September 30, 2013 | Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Average Recorded | Interest Income | Average Recorded Investment | Interest Income | |||||||||||||||||||||||||||
Investment | Principal | Allowance | Investment | Recognized | Recognized | ||||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | (Amounts In Thousands) | ||||||||||||||||||||||||||||||||
Agricultural | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Commercial and financial | 990 | 2,442 | - | 998 | 11 | 1,053 | 33 | ||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | 140 | 140 | - | 229 | - | 229 | - | ||||||||||||||||||||||||||
Construction, land development and commercial | 1,582 | 3,237 | - | 1,751 | 2 | 1,883 | 4 | ||||||||||||||||||||||||||
Mortgage, farmland | 288 | 288 | - | 288 | 4 | 291 | 14 | ||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 2,447 | 3,353 | - | 2,466 | 7 | 2,436 | 21 | ||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 199 | 471 | - | 199 | - | 218 | - | ||||||||||||||||||||||||||
Mortgage, multi-family | 476 | 1,077 | - | 484 | - | 676 | - | ||||||||||||||||||||||||||
Mortgage, commercial | 2,745 | 5,555 | - | 2,919 | 12 | 3,026 | 35 | ||||||||||||||||||||||||||
Loans to individuals | - | 20 | - | - | - | - | - | ||||||||||||||||||||||||||
$ | 8,867 | $ | 16,583 | $ | - | $ | 9,334 | $ | 36 | $ | 9,812 | $ | 107 | ||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Agricultural | $ | 123 | $ | 123 | $ | 3 | $ | 124 | $ | 1 | $ | 124 | $ | 4 | |||||||||||||||||||
Commercial and financial | 878 | 878 | 13 | 895 | 12 | 925 | 37 | ||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
Construction, land development and commercial | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
Mortgage, farmland | 171 | 171 | 4 | 171 | 3 | 171 | 8 | ||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 1,807 | 2,080 | 68 | 1,819 | 22 | 1,859 | 66 | ||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 66 | 66 | 1 | 66 | 1 | 67 | 3 | ||||||||||||||||||||||||||
Mortgage, multi-family | 5,643 | 5,643 | 200 | 5,660 | 64 | 5,691 | 192 | ||||||||||||||||||||||||||
Mortgage, commercial | 9,048 | 9,048 | 18 | 9,072 | 135 | 9,124 | 402 | ||||||||||||||||||||||||||
Loans to individuals | 12 | 12 | 1 | 12 | 1 | 13 | 1 | ||||||||||||||||||||||||||
$ | 17,748 | $ | 18,021 | $ | 308 | $ | 17,819 | $ | 239 | $ | 17,974 | $ | 713 | ||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Agricultural | $ | 123 | $ | 123 | $ | 3 | $ | 124 | $ | 1 | $ | 124 | $ | 4 | |||||||||||||||||||
Commercial and financial | 1,868 | 3,320 | 13 | 1,893 | 23 | 1,978 | 70 | ||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | 140 | 140 | - | 229 | - | 229 | - | ||||||||||||||||||||||||||
Construction, land development and commercial | 1,582 | 3,237 | - | 1,751 | 2 | 1,883 | 4 | ||||||||||||||||||||||||||
Mortgage, farmland | 459 | 459 | 4 | 459 | 7 | 462 | 22 | ||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 4,254 | 5,433 | 68 | 4,285 | 29 | 4,295 | 87 | ||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 265 | 537 | 1 | 265 | 1 | 285 | 3 | ||||||||||||||||||||||||||
Mortgage, multi-family | 6,119 | 6,720 | 200 | 6,144 | 64 | 6,367 | 192 | ||||||||||||||||||||||||||
Mortgage, commercial | 11,793 | 14,603 | 18 | 11,991 | 147 | 12,150 | 437 | ||||||||||||||||||||||||||
Loans to individuals | 12 | 32 | 1 | 12 | 1 | 13 | 1 | ||||||||||||||||||||||||||
$ | 26,615 | $ | 34,604 | $ | 308 | $ | 27,153 | $ | 275 | $ | 27,786 | $ | 820 | ||||||||||||||||||||
Information regarding impaired loans as of December 31, 2012 is as follows: | |||||||||||||||||||||||||||||||||
Recorded | Unpaid Principal | Related | |||||||||||||||||||||||||||||||
Investment | Balance | Allowance | |||||||||||||||||||||||||||||||
With no related allowance recorded: | (Amounts In Thousands) | ||||||||||||||||||||||||||||||||
Agricultural | $ | - | $ | - | $ | - | |||||||||||||||||||||||||||
Commercial and financial | 364 | 1,911 | - | ||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | 714 | 946 | - | ||||||||||||||||||||||||||||||
Construction, land development and commercial | 2,264 | 3,520 | - | ||||||||||||||||||||||||||||||
Mortgage, farmland | 806 | 808 | - | ||||||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 952 | 1,332 | - | ||||||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 68 | 361 | - | ||||||||||||||||||||||||||||||
Mortgage, multi-family | 2,027 | 2,766 | - | ||||||||||||||||||||||||||||||
Mortgage, commercial | 2,369 | 5,046 | - | ||||||||||||||||||||||||||||||
Loans to individuals | - | 20 | - | ||||||||||||||||||||||||||||||
$ | 9,564 | $ | 16,710 | $ | - | ||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Agricultural | $ | - | $ | - | $ | - | |||||||||||||||||||||||||||
Commercial and financial | 1,788 | 1,788 | 22 | ||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | - | - | - | ||||||||||||||||||||||||||||||
Construction, land development and commercial | - | - | - | ||||||||||||||||||||||||||||||
Mortgage, farmland | - | - | - | ||||||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 2,286 | 2,487 | 83 | ||||||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 259 | 259 | 7 | ||||||||||||||||||||||||||||||
Mortgage, multi-family | 6,331 | 6,331 | 241 | ||||||||||||||||||||||||||||||
Mortgage, commercial | 9,530 | 9,530 | 20 | ||||||||||||||||||||||||||||||
Loans to individuals | - | - | - | ||||||||||||||||||||||||||||||
$ | 20,194 | $ | 20,395 | $ | 373 | ||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Agricultural | $ | - | $ | - | $ | - | |||||||||||||||||||||||||||
Commercial and financial | 2,152 | 3,699 | 22 | ||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | 714 | 946 | - | ||||||||||||||||||||||||||||||
Construction, land development and commercial | 2,264 | 3,520 | - | ||||||||||||||||||||||||||||||
Mortgage, farmland | 806 | 808 | - | ||||||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 3,238 | 3,819 | 83 | ||||||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 327 | 620 | 7 | ||||||||||||||||||||||||||||||
Mortgage, multi-family | 8,358 | 9,097 | 241 | ||||||||||||||||||||||||||||||
Mortgage, commercial | 11,899 | 14,576 | 20 | ||||||||||||||||||||||||||||||
Loans to individuals | - | 20 | - | ||||||||||||||||||||||||||||||
$ | 29,758 | $ | 37,105 | $ | 373 | ||||||||||||||||||||||||||||
Impaired loans decreased $3.14 million from December 31, 2012 to September 30, 2013. Impaired loans include any loan that has been placed on nonaccrual status, accruing loans past due 90 days or more and TDR loans. Impaired loans also include loans that, based on management’s evaluation of current information and events, the Company expects to be unable to collect in full according to the contractual terms of the original loan agreement. Impaired loans were 1.49% of loans held for investment as of September 30, 2013 and 1.73% as of December 31, 2012. The decrease in impaired loans is due mainly to a decrease in nonaccrual loans of $1.62 million from December 31, 2012 to September 30, 2013 primarily resulting from the payoff of $1.24 million in multi-family real estate loans and a decrease in accruing loans past due 90 days or more of $1.15 million. | |||||||||||||||||||||||||||||||||
The Company regularly reviews a substantial portion of the loans in the portfolio and assesses whether the loans are impaired in accordance with ASC 310. If the loans are impaired, the Company determines if a specific allowance is appropriate. In addition, the Company's management also reviews and, where determined necessary, provides allowances for particular loans based upon (1) reviews of specific borrowers and (2) management’s assessment of areas that management considers are of higher credit risk, including loans that have been restructured. Loans that are determined not to be impaired and for which there are no specific allowances are classified into one or more risk categories. Based upon the risk category assigned, the Company allocates a percentage, as determined by management, for a required allowance needed. The determination of the appropriate percentage begins with historical loss experience factors, which are then adjusted for levels and trends in past due loans, levels and trends in charged-off and recovered loans, trends in volume growth, trends in problem and watch loans, trends in restructured loans, local economic trends and conditions, industry and other conditions, and effects of changing interest rates. | |||||||||||||||||||||||||||||||||
Specific allowances for losses on impaired loans are established if the loan balances exceed the net present value of the relevant future cash flows or the fair value of the relevant collateral based on updated appraisals and/or updated collateral analysis for the properties if the loan is collateral dependent. The Company recognizes a charge off related to an impaired loan if there is a collateral shortfall or it is unlikely the borrower can make all principal and interest payments as contractually due. | |||||||||||||||||||||||||||||||||
For loans that are collateral dependent, losses are evaluated based on the portion of a loan that exceeds the fair market value of the collateral. In general, this is the amount that the carrying value of the loan exceeds the related appraised value less estimated costs to sell the collateral. Generally, it is the Company’s policy not to rely on appraisals that are older than one year prior to the date the impairment is being measured. The most recent appraisal values may be adjusted if, in the Company’s judgment, experience and other market data indicate that the property’s value, use, condition, exit market or other variable affecting its value may have changed since the appraisal was performed, consistent with the December 2006 joint interagency guidance on the allowance for loan losses. The charge off or loss adjustment supported by an appraisal is considered the minimum charge off. Any adjustments made to the appraised value are to provide an additional charge off or specific reserve based on the applicable facts and circumstances. In instances where there is an estimated decline in value, a specific reserve may be provided or a charge off taken pending confirmation of the amount of the loss from an updated appraisal. Upon receipt of the new appraisals, an additional specific reserve may be provided or charge off taken based on the appraised value of the collateral. On average, appraisals are obtained within one month of order. | |||||||||||||||||||||||||||||||||
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Fair Value Measurements [Abstract] | ' | ||||||||||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||||||||||
Note 6. | Fair Value Measurements | ||||||||||||||||||||||||
The carrying value and estimated fair values of the Company's financial instruments as of September 30, 2013 are as follows: | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Carrying | Estimated Fair | Readily | Observable | Company | |||||||||||||||||||||
Amount | Value | Available | Market | Determined | |||||||||||||||||||||
Market | Prices(2) | Market | |||||||||||||||||||||||
Prices(1) | Prices(3) | ||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||
Financial instrument assets: | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 56,923 | $ | 56,923 | $ | 56,923 | $ | - | $ | - | |||||||||||||||
Investment securities | 235,259 | 235,259 | - | 235,259 | - | ||||||||||||||||||||
Loans held for sale | 2,811 | 2,811 | 2,811 | ||||||||||||||||||||||
Loans | |||||||||||||||||||||||||
Agricultural | 80,199 | 82,894 | - | - | 82,894 | ||||||||||||||||||||
Commercial and financial | 161,302 | 166,959 | - | - | 166,959 | ||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||
Construction, 1 to 4 family residential | 30,895 | 30,371 | - | - | 30,371 | ||||||||||||||||||||
Construction, land development and commercial | 65,453 | 64,522 | - | - | 64,522 | ||||||||||||||||||||
Mortgage, farmland | 128,816 | 128,334 | - | - | 128,334 | ||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 590,719 | 592,889 | - | - | 592,889 | ||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 102,326 | 102,810 | - | - | 102,810 | ||||||||||||||||||||
Mortgage, multi-family | 237,866 | 239,274 | - | - | 239,274 | ||||||||||||||||||||
Mortgage, commercial | 308,204 | 309,885 | - | - | 309,885 | ||||||||||||||||||||
Loans to individuals | 18,781 | 18,963 | - | - | 18,963 | ||||||||||||||||||||
Obligations of state and political subdivisions | 42,416 | 42,371 | - | - | 42,371 | ||||||||||||||||||||
Accrued interest receivable | 8,460 | 8,460 | - | 8,460 | - | ||||||||||||||||||||
Total financial instrument assets | $ | 2,070,430 | $ | 2,082,727 | $ | 56,923 | $ | 246,530 | $ | 1,779,274 | |||||||||||||||
Financial instrument liabilities: | |||||||||||||||||||||||||
Deposits | |||||||||||||||||||||||||
Noninterest-bearing deposits | $ | 250,226 | $ | 250,226 | $ | - | $ | 250,226 | $ | - | |||||||||||||||
Interest-bearing deposits | 1,443,079 | 1,448,957 | - | 1,448,957 | - | ||||||||||||||||||||
Short-term borrowings | 29,163 | 29,163 | - | 29,163 | - | ||||||||||||||||||||
Federal Home Loan Bank borrowings | 125,000 | 133,029 | - | 133,029 | - | ||||||||||||||||||||
Accrued interest payable | 1,092 | 1,092 | - | 1,092 | - | ||||||||||||||||||||
Total financial instrument liabilities | $ | 1,848,560 | $ | 1,862,467 | $ | - | $ | 1,862,467 | $ | - | |||||||||||||||
Face Amount | |||||||||||||||||||||||||
Financial instrument with off-balance sheet risk: | |||||||||||||||||||||||||
Loan commitments | $ | 362,985 | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
Letters of credit | 11,229 | - | - | - | - | ||||||||||||||||||||
Total financial instrument liabilities with off-balance-sheet risk | $ | 374,214 | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
See Notes to Consolidated Financial Statements. | |||||||||||||||||||||||||
-1 | Considered Level 1 under Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements and Disclosures (“ASC 820”). | ||||||||||||||||||||||||
-2 | Considered Level 2 under ASC 820. | ||||||||||||||||||||||||
-3 | Considered Level 3 under ASC 820 and are based on valuation models that use significant assumptions that are not observable in an active market. | ||||||||||||||||||||||||
The carrying value and estimated fair values of the Company's financial instruments as of December 31, 2012 are as follows: | |||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Carrying | Estimated Fair | Readily | Observable | Company | |||||||||||||||||||||
Amount | Value | Available | Market | Determined | |||||||||||||||||||||
Market | Prices(2) | Market | |||||||||||||||||||||||
Prices(1) | Prices(3) | ||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||
Financial instrument assets: | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 63,582 | $ | 63,582 | $ | 63,582 | $ | - | $ | - | |||||||||||||||
Investment securities | 234,244 | 234,244 | - | 234,244 | - | ||||||||||||||||||||
Loans held for sale | 28,256 | 28,256 | - | 28,256 | - | ||||||||||||||||||||
Loans | |||||||||||||||||||||||||
Agricultural | 74,537 | 72,605 | - | - | 72,605 | ||||||||||||||||||||
Commercial and financial | 143,461 | 138,350 | - | - | 138,350 | ||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||
Construction, 1 to 4 family residential | 24,940 | 25,516 | - | - | 25,516 | ||||||||||||||||||||
Construction, land development and commercial | 76,770 | 78,827 | - | - | 78,827 | ||||||||||||||||||||
Mortgage, farmland | 112,095 | 116,751 | - | - | 116,751 | ||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 577,027 | 603,442 | - | - | 603,442 | ||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 102,730 | 107,049 | - | - | 107,049 | ||||||||||||||||||||
Mortgage, multi-family | 212,972 | 223,295 | - | - | 223,295 | ||||||||||||||||||||
Mortgage, commercial | 309,242 | 323,639 | - | - | 323,639 | ||||||||||||||||||||
Loans to individuals | 19,968 | 20,148 | - | - | 20,148 | ||||||||||||||||||||
Obligations of state and political subdivisions | 42,663 | 42,487 | - | - | 42,487 | ||||||||||||||||||||
Accrued interest receivable | 7,851 | 7,851 | - | 7,851 | - | ||||||||||||||||||||
Total financial instrument assets | $ | 2,030,338 | $ | 2,086,042 | $ | 63,582 | $ | 270,351 | $ | 1,752,109 | |||||||||||||||
Financial instrument liabilities: | |||||||||||||||||||||||||
Deposits | |||||||||||||||||||||||||
Noninterest-bearing deposits | $ | 273,973 | $ | 273,973 | $ | - | $ | 273,973 | $ | - | |||||||||||||||
Interest-bearing deposits | 1,388,571 | 1,400,509 | - | 1,400,509 | - | ||||||||||||||||||||
Short-term borrowings | 38,783 | 38,783 | - | 38,783 | - | ||||||||||||||||||||
Federal Home Loan Bank borrowings | 125,000 | 136,842 | - | 136,842 | - | ||||||||||||||||||||
Accrued interest payable | 1,361 | 1,361 | - | 1,361 | - | ||||||||||||||||||||
Total financial instrument liabilities | $ | 1,827,688 | $ | 1,851,468 | $ | - | $ | 1,851,468 | $ | - | |||||||||||||||
Face Amount | |||||||||||||||||||||||||
Financial instrument with off-balance sheet risk: | |||||||||||||||||||||||||
Loan commitments | $ | 344,120 | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
Letters of credit | 10,778 | - | - | - | - | ||||||||||||||||||||
Total financial instrument liabilities with off-balance-sheet risk | $ | 354,898 | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
-1 | Considered Level 1 under ASC 820. | ||||||||||||||||||||||||
-2 | Considered Level 2 under ASC 820. | ||||||||||||||||||||||||
-3 | Considered Level 3 under ASC 820 and are based on valuation models that use significant assumptions that are not observable in an active market. | ||||||||||||||||||||||||
Fair value of financial instruments: FASB ASC 820, Fair Value Measurements and Disclosures (“ASC 820”) provides a single definition for fair value, a framework for measuring fair value and expanded disclosures concerning fair value. Fair value is defined under ASC 820 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. | |||||||||||||||||||||||||
The Company determines the fair market value of its financial instruments based on the fair value hierarchy established in ASC 820. There are three levels of inputs that may be used to measure fair value as follows: | |||||||||||||||||||||||||
Level 1 | Quoted prices in active markets for identical assets or liabilities. | ||||||||||||||||||||||||
Level 2 | Observable inputs other than quoted prices included within Level 1. Observable inputs include the quoted prices for similar assets or liabilities in markets that are not active and inputs other than quoted prices that are observable for the asset or liability. | ||||||||||||||||||||||||
Level 3 | Unobservable inputs supported by little or no market activity for financial instruments. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. | ||||||||||||||||||||||||
It is the Company’s policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements. Recent market conditions have led to diminished, and in some cases, non-existent trading in certain of the financial asset classes. The Company is required to use observable inputs, to the extent available, in the fair value estimation process unless that data results from forced liquidations or distressed sales. Despite the Company’s best efforts to maximize the use of relevant observable inputs, the current market environment has diminished the observability of trades and assumptions that have historically been available. | |||||||||||||||||||||||||
The following is a description of valuation methodologies used for assets and liabilities recorded at fair value and for estimating fair value for assets or liabilities not recorded at fair value. | |||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
Cash and cash equivalents: The carrying amounts reported in the consolidated balance sheets for cash and short-term instruments approximate their fair values (Level 1). | |||||||||||||||||||||||||
Investment securities available for sale: Investment securities available for sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices, if available. If a quoted price is not available, the fair value is obtained from benchmarking the security against similar securities. All of the Company’s securities are considered Level 2. | |||||||||||||||||||||||||
The pricing for investment securities is obtained from an independent source. There are no level 1 or level 3 investment securities owned by the Company. The Company obtains an understanding of the independent source’s valuation methodologies used to determine fair value by level of security. The Company validates assigned fair values on a sample basis using an additional third-party provider pricing service to determine if the fair value measurement is reasonable. Due to the nature of our investment portfolio, we do not expect significant and unusual fluctuations as fair value changes primarily relate to interest rate changes. No unusual fluctuations were identified during the nine months ended September 30, 2013. If a fluctuation requiring investigation was identified, the Company would research the change with the independent source or other available information. | |||||||||||||||||||||||||
Loans held for sale: Loans held for sale are carried at historical cost. The carrying amount is a reasonable estimate of fair value because of the short time between origination of the loan and its sale on the secondary market (Level 2). The market is active for these loans and as a result prices for similar assets are available. | |||||||||||||||||||||||||
Loans: The Company does not record loans at fair value on a recurring basis. For variable-rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values (Level 3). The fair values for other loans are determined using estimated future cash flows, discounted at the interest rates currently being offered for loans with similar terms to borrowers with similar credit quality utilizing an entrance price concept (Level 3). The Company does record nonrecurring fair value adjustments to loans to reflect (1) partial write-downs that are based on the observable market price or appraised value of the collateral or (2) the full charge-off of the loan carrying value (Level 3). These loans are considered Level 3 as the instruments used to determine fair market value require significant management judgment and estimation. | |||||||||||||||||||||||||
Foreclosed assets: The Company does not record foreclosed assets at fair value on a recurring basis. Foreclosed assets consist mainly of other real estate owned but may include other types of assets repossessed by the Company. Foreclosed assets are adjusted to the lower of carrying value or fair value less the cost of disposal. Fair value is generally based upon independent market prices or appraised values of the collateral, and may include a marketability discount as deemed necessary by management based on its experience with similar types of real estate. The value of foreclosed assets is evaluated periodically as a nonrecurring fair value adjustment. Foreclosed assets are classified as Level 3. | |||||||||||||||||||||||||
Off-balance sheet instruments: Fair values for outstanding letters of credit are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties' credit standing. The fair value of the outstanding letters of credit is not significant. Unfunded loan commitments are not valued since the loans are generally priced at market at the time of funding (Level 2). | |||||||||||||||||||||||||
Accrued interest receivable: The fair value of accrued interest receivable equals the amount receivable due to the current nature of the amounts receivable (Level 2). | |||||||||||||||||||||||||
Non-marketable equity investments: Non-marketable equity investments are recorded under the cost or equity method of accounting. There are generally restrictions on the sale and/or liquidation of these investments, including stock of the Federal Home Loan Bank. The carrying value of stock of the Federal Home Loan Bank approximates fair value (Level 2). | |||||||||||||||||||||||||
LIABILITIES | |||||||||||||||||||||||||
Deposit liabilities: Deposit liabilities are carried at historical cost. The fair value of demand deposits, savings accounts and certain money market account deposits is the amount payable on demand at the reporting date. The fair value of fixed maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities. If the fair value of the fixed maturity certificates of deposit is calculated at less than the carrying amount, the carrying value of these deposits is reported as the fair value (Level 2). Deposit liabilities are classified as Level 2 due to available prices for similar liabilities in the market. | |||||||||||||||||||||||||
Short-term borrowings: Short-term borrowings are carried at historical cost and include federal funds purchased and securities sold under agreements to repurchase. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the liability and its expected realization (Level 2). Short-term borrowings are classified as Level 2 due to available prices for similar liabilities in the market. | |||||||||||||||||||||||||
Federal Home Loan Bank borrowings: Federal Home Loan Bank borrowings are recorded at historical cost. The fair values of the Company’s Federal Home Loan Bank borrowings are estimated using discounted cash flow analyses, based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements (Level 2). Federal Home Loan Bank borrowings are classified as Level 2 due to available prices for similar liabilities in the market. | |||||||||||||||||||||||||
Accrued interest payable: The fair value of accrued interest payable equals the amount payable due to the current nature of the amounts payable (Level 2). | |||||||||||||||||||||||||
Assets and Liabilities Recorded at Fair Value on a Recurring Basis | |||||||||||||||||||||||||
The table below represents the balances of assets and liabilities measured at fair value on a recurring basis at September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Readily | Observable | Company | Total at | ||||||||||||||||||||||
Available | Market | Determined | Fair Value | ||||||||||||||||||||||
Market | Prices(2) | Market | |||||||||||||||||||||||
Prices(1) | Prices(3) | ||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||
State and political subdivisions | $ | - | $ | 135,056 | $ | - | $ | 135,056 | |||||||||||||||||
Other securities (FHLB, FHLMC and FNMA) | - | 92,623 | - | 92,623 | |||||||||||||||||||||
Total | $ | - | $ | 227,679 | $ | - | $ | 227,679 | |||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Readily | Observable | Company | Total at | ||||||||||||||||||||||
Available | Market | Determined | Fair Value | ||||||||||||||||||||||
Market | Prices(2) | Market | |||||||||||||||||||||||
Prices(1) | Prices(3) | ||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||
State and political subdivisions | $ | - | $ | 134,332 | $ | - | $ | 134,332 | |||||||||||||||||
Other securities (FHLB, FHLMC and FNMA) | - | 91,850 | - | 91,850 | |||||||||||||||||||||
Total | $ | - | $ | 226,182 | $ | - | $ | 226,182 | |||||||||||||||||
-1 | Considered Level 1 under ASC 820. | ||||||||||||||||||||||||
-2 | Considered Level 2 under ASC 820. | ||||||||||||||||||||||||
-3 | Considered Level 3 under ASC 820 and are based on valuation models that use significant assumptions that are not observable in an active market. | ||||||||||||||||||||||||
There were no transfers between Levels 1, 2 or 3 during the nine months ended September 30, 2013. | |||||||||||||||||||||||||
Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis | |||||||||||||||||||||||||
The Company is required to measure certain assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from application of lower-of-cost-or-market accounting or write-downs of individual assets. The following tables present the Company’s assets that are measured at fair value on a nonrecurring basis. | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
30-Sep-13 | 30-Sep-13 | 30-Sep-13 | |||||||||||||||||||||||
Readily | Observable | Company | Total at | Total Losses | Total Losses | ||||||||||||||||||||
Available | Market | Determined | Fair Value | ||||||||||||||||||||||
Market | Prices(2) | Market | |||||||||||||||||||||||
Prices(1) | Prices(3) | ||||||||||||||||||||||||
(Amounts in Thousands) | |||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||
Agricultural | $ | - | $ | - | $ | 120 | $ | 120 | $ | - | $ | - | |||||||||||||
Commercial and financial | - | - | 1,855 | 1,855 | - | 5 | |||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||
Construction, 1 to 4 family residential | - | - | 140 | 140 | - | - | |||||||||||||||||||
Construction, land development and commercial | - | - | 1,582 | 1,582 | - | - | |||||||||||||||||||
Mortgage, farmland | - | - | 455 | 455 | - | - | |||||||||||||||||||
Mortgage, 1 to 4 family first liens | - | - | 4,186 | 4,186 | 72 | 317 | |||||||||||||||||||
Mortgage, 1 to 4 family junior liens | - | - | 264 | 264 | - | 59 | |||||||||||||||||||
Mortgage, multi-family | - | - | 5,919 | 5,919 | 41 | 41 | |||||||||||||||||||
Mortgage, commercial | - | - | 11,775 | 11,775 | - | 229 | |||||||||||||||||||
Loans to individuals | - | - | 11 | 11 | - | - | |||||||||||||||||||
Foreclosed assets | - | - | 250 | 250 | 23 | 23 | |||||||||||||||||||
Total | $ | - | $ | - | $ | 26,557 | $ | 26,557 | $ | 136 | $ | 674 | |||||||||||||
-1 | Considered Level 1 under ASC 820. | ||||||||||||||||||||||||
-2 | Considered Level 2 under ASC 820. | ||||||||||||||||||||||||
-3 | Considered Level 3 under ASC 820 and are based on valuation models that use significant assumptions that are not observable in an active market. | ||||||||||||||||||||||||
Year Ended | |||||||||||||||||||||||||
31-Dec-12 | 31-Dec-12 | ||||||||||||||||||||||||
Readily | Observable | Company | Total at | Total Losses | |||||||||||||||||||||
Available | Market | Determined | Fair Value | ||||||||||||||||||||||
Market | Prices(2) | Market | |||||||||||||||||||||||
Prices(1) | Prices(3) | ||||||||||||||||||||||||
(Amounts in Thousands) | |||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||
Agricultural | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
Commercial and financial | - | - | 2,130 | 2,130 | 302 | ||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||
Construction, 1 to 4 family residential | - | - | 714 | 714 | - | ||||||||||||||||||||
Construction, land development and commercial | - | - | 2,264 | 2,264 | 1,176 | ||||||||||||||||||||
Mortgage, farmland | - | - | 806 | 806 | - | ||||||||||||||||||||
Mortgage, 1 to 4 family first liens | - | - | 3,155 | 3,155 | 665 | ||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | - | - | 320 | 320 | 82 | ||||||||||||||||||||
Mortgage, multi-family | - | - | 8,117 | 8,117 | - | ||||||||||||||||||||
Mortgage, commercial | - | - | 11,879 | 11,879 | 210 | ||||||||||||||||||||
Loans to individuals | - | - | - | - | 12 | ||||||||||||||||||||
Foreclosed assets | - | - | 234 | 234 | 164 | ||||||||||||||||||||
Total | $ | - | $ | - | $ | 29,619 | $ | 29,619 | $ | 2,611 | |||||||||||||||
-1 | Considered Level 1 under ASC 820. | ||||||||||||||||||||||||
-2 | Considered Level 2 under ASC 820. | ||||||||||||||||||||||||
-3 | Considered Level 3 under ASC 820 and are based on valuation models that use significant assumptions that are not observable in an active market. | ||||||||||||||||||||||||
Collateral-dependent impaired loans are evaluated and valued at the time the loan is identified as impaired, at the lower of cost or fair value and are classified as Level 3 in the fair value hierarchy. Fair value is measured based on the value of the collateral securing the loans. Collateral may be real estate and/or business assets and is determined based on appraisals by qualified licensed appraisers hired by the Company. Appraised and reported values may be discounted based on management’s historical knowledge, change in market conditions from the time of valuation, and/or management’s expertise and knowledge of the client and the client’s business. | |||||||||||||||||||||||||
Foreclosed assets in the table above consist of property acquired through foreclosures and settlements of loans. Property acquired is carried at the estimated fair value of the property, less disposal costs, and is classified as a Level 3 in the fair value hierarchy. The estimated fair value of the property is determined based on appraisals by licensed appraisers hired by the Company. Appraised and reported values are discounted based on management’s historical knowledge, changes in market conditions from the time of valuation, and /or management’s expertise and knowledge of the property. | |||||||||||||||||||||||||
During the year ended December 31, 2012 the Company revised the classification of impaired loans and foreclosed assets from previous filings. In previous filings, the Company classified impaired loans and foreclosed assets as Level 2 under ASC 820. The Company revised the classification to Level 3 as the determination of fair value requires significant management judgment or estimation due to the inherent subjectivity of the inputs used to determine value. The resulting change in presentation does not have a material impact on the Company’s financial position. |
Stock_Repurchase_Program
Stock Repurchase Program | 9 Months Ended | |
Sep. 30, 2013 | ||
Stock Repurchase Program [Abstract] | ' | |
Stock Repurchase Program | ' | |
Note 7. | Stock Repurchase Program | |
On July 26, 2005, the Company’s Board of Directors authorized a program to repurchase up to a total of 750,000 shares of the Company’s common stock (the “2005 Stock Repurchase Program”). The authorization was previously set to expire on December 31, 2013. In September 2012 the Company’s Board of Directors extended the expiration date of the 2005 Stock Repurchase Program to December 31, 2014. The Company expects the purchases pursuant to the 2005 Stock Repurchase Program to be made from time to time in private transactions at a price equal to the most recent quarterly independent appraisal of the shares of the Company’s common stock and with the Board reviewing the overall results of the 2005 Stock Repurchase Program on a quarterly basis. All purchases made pursuant to the 2005 Stock Repurchase Program since its inception have been made on that basis. The amount and timing of stock repurchases will be based on various factors, such as the Board’s assessment of the Company’s capital structure and liquidity, the amount of interest shown by shareholders in selling shares of stock to the Company at their appraised value, and applicable regulatory, legal and accounting factors. The Company has purchased 341,666 shares of its common stock in privately negotiated transactions from August 1, 2005 through September 30, 2013. Of these 341,666 shares, 4,208 shares were purchased during the quarter ended September 30, 2013, at an average price per share of $72.68. |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Commitments and Contingencies [Abstract] | ' | ||||||||
Commitments and Contingencies | ' | ||||||||
Note 8. | Commitments and Contingencies | ||||||||
Concentrations of credit risk: The Bank’s loans, commitments to extend credit, unused lines of credit and outstanding letters of credit have been granted to customers primarily within the Bank's market area. Investments in securities issued by state and political subdivisions within the state of Iowa totaled approximately $61.82 million. The concentrations of credit by type of loan are set forth in Note 5 to the Consolidated Financial Statements. Outstanding letters of credit were granted primarily to commercial borrowers. Although the Bank has a diversified loan portfolio, a substantial portion of its debtors' ability to honor their contracts is dependent upon the economic conditions in Johnson, Linn and Washington Counties, Iowa. | |||||||||
Contingencies: In the normal course of business, the Company and Bank are involved in various legal proceedings. In the opinion of management, any liability resulting from such proceedings would not have a material adverse effect on the accompanying consolidated financial statements. | |||||||||
Financial instruments with off-balance sheet risk: The Bank is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, credit card participations and standby letters of credit. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. | |||||||||
The Bank’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit, credit card participations and standby letters of credit is represented by the contractual amount of those instruments. The Bank uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. A summary of the Bank’s commitments at September 30, 2013 and December 31, 2012 is as follows: | |||||||||
30-Sep-13 | 31-Dec-12 | ||||||||
(Amounts In Thousands) | |||||||||
Firm loan commitments and unused portion of lines of credit: | |||||||||
Home equity loans | $ | 37,858 | $ | 36,030 | |||||
Credit cards | 42,440 | 44,554 | |||||||
Commercial, real estate and home construction | 111,696 | 96,326 | |||||||
Commercial lines and real estate purchase loans | 170,991 | 167,210 | |||||||
Outstanding letters of credit | 11,229 | 10,778 |
Income_Taxes
Income Taxes | 9 Months Ended | |
Sep. 30, 2013 | ||
Income Taxes [abstract] | ' | |
Income Taxes | ' | |
Note 9. | Income Taxes | |
Federal income tax expense for the nine months ended September 30, 2013 and 2012 was computed using the consolidated effective federal tax rate. The Company also recognized income tax expense pertaining to state franchise taxes payable individually by the subsidiary bank. The Company files a consolidated tax return for federal purposes and separate tax returns for State of Iowa purposes. The tax years ended December 31, 2012, 2011, and 2010 remain subject to examination by the Internal Revenue Service. For state tax purposes, the tax years ended December 31, 2012, 2011, and 2010 remain open for examination. There were no material unrecognized tax benefits at September 30, 2013 and December 31, 2012 and therefore no interest or penalties on unrecognized tax benefits has been recorded. As of September 30, 2013, the Company does not anticipate any significant increase in unrecognized tax benefits during the twelve-month period ending September 30, 2014. | ||
Income taxes as a percentage of income before taxes were 29.61% for the nine months ended September 30, 2013 and 28.97% for the same period in 2012. The increase in the effective tax rate is due to tax-exempt interest income and income tax credits and the relationship to total income before income taxes. |
Subsequent_Event
Subsequent Event | 9 Months Ended | |
Sep. 30, 2013 | ||
Subsequent Event [Abstract] | ' | |
Subsequent Event | ' | |
Note 10. | Subsequent Event | |
The Company intends to enter into two interest rate swaps prior to year ending December 31, 2013. Each interest rate swap will be in a notional amount of $25.00 million. The intent of the interest rate swaps is to fix the interest rates on the Company’s future cash flows attributable to interest payments on $50.00 million of variable rate debt. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Summary of Significant Accounting Policies [Abstract] | ' |
Basis of Presentation | ' |
Basis of Presentation: | |
The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial reporting and with instructions for Form 10-Q and Regulation S-X. These financial statements include all adjustments (consisting of normal recurring accruals) which in the opinion of management are considered necessary for the fair presentation of the financial position and results of operations for the periods shown. Certain prior year amounts may be reclassified to conform to the current year presentation. The Company considers that it operates as one business segment, a commercial bank. | |
The consolidated balance sheet of the Company as of December 31, 2012, has been derived from the audited consolidated balance sheet of the Company as of that date. Operating results for the nine month period ended September 30, 2013 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2013. | |
Certain information and note disclosures normally included in the Company's annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 filed with the Securities and Exchange Commission on March 13, 2013. | |
The Company evaluated subsequent events through the filing date of its quarterly report on Form 10-Q with the SEC. | |
Recently Adopted Accounting Standards | ' |
Recently Adopted Accounting Standards: | |
In July 2012, the FASB issued ASU 2012-02, Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment, which permits an entity to make a qualitative assessment to determine whether it is more likely than not that an indefinite-lived intangible asset, other than goodwill, is impaired. Under the new standard, if an entity concludes, based on an evaluation of all relevant qualitative factors, that it is not more likely than not that the fair value of an indefinite-lived intangible asset is less than its carrying amount, it will not be required to perform the quantitative impairment test for that asset. The standard is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012, with early adoption permitted. The adoption of this standard did not have a material impact on the consolidated financial statements. | |
In February 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income, to improve the transparency of reporting reclassification out of accumulated other comprehensive income. The new standard is effective for reporting periods beginning after December 15, 2012, and the amendments should be prospectively applied. The amendments do not change the current requirement for reporting net income or other comprehensive income. The amendments require an organization to present on the face of the financial statements or in the footnotes the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income if the item reclassified is required to be reclassified to net income in its entirety in the same reporting period. Additionally, for other amounts that are not required to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required to provide additional detail about those amounts. The adoption of this standard did not have a material impact on the consolidated financial statements. |
Earnings_Per_Share_Policies
Earnings Per Share (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Earnings Per Share [Abstract] | ' |
Earnings Per Share | ' |
Basic earnings per share is computed using the weighted average number of actual common shares outstanding during the period. Diluted earnings per share reflects the potential dilution that would occur from the exercise of common stock options outstanding. ESOP shares are considered outstanding for this calculation unless unearned. |
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Schedule of computation of basic and diluted earnings per share | ' | ||||||||||||||||
The computation of basic and diluted earnings per share for the periods presented is as follows: | |||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Common shares outstanding at the beginning of the period | 4,708,910 | 4,746,393 | 4,712,328 | 4,759,818 | |||||||||||||
Weighted average number of net shares redeemed | (720 | ) | (4,818 | ) | (364 | ) | (9,203 | ) | |||||||||
Weighted average shares outstanding (basic) | 4,708,190 | 4,741,575 | 4,711,964 | 4,750,615 | |||||||||||||
Weighted average of potential dilutive shares attributable to stock options granted, computed under the treasury stock method | 3,220 | 6,777 | 3,755 | 6,954 | |||||||||||||
Weighted average number of shares (diluted) | 4,711,410 | 4,748,352 | 4,715,719 | 4,757,569 | |||||||||||||
Net income (In thousands) | $ | 6,624 | $ | 5,502 | $ | 20,348 | $ | 21,472 | |||||||||
Earnings per share: | |||||||||||||||||
Basic | $ | 1.41 | $ | 1.16 | $ | 4.32 | $ | 4.52 | |||||||||
Diluted | $ | 1.4 | $ | 1.16 | $ | 4.31 | $ | 4.51 |
Other_Comprehensive_Income_Tab
Other Comprehensive Income (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Other Comprehensive Income [Abstract] | ' | ||||||||||||||||
Schedule of changes in the balances of each component of accumulated other comprehensive income | ' | ||||||||||||||||
The following table summarizes the changes in the balances of each component of accumulated other comprehensive income for the three and nine months ended September 30, 2013 and 2012 (in thousands): | |||||||||||||||||
Three Months Ended September 30, 2013 | Nine Months Ended September 30, 2013 | ||||||||||||||||
Unrealized Gains | Accumulated Other Comprehensive Income | Unrealized Gains | Accumulated Other Comprehensive Income | ||||||||||||||
on Securities | on Securities | ||||||||||||||||
Balance at the beginning of the period | $ | 659 | $ | 659 | $ | 3,955 | $ | 3,955 | |||||||||
Current period, other comprehensive income (loss) | 670 | 670 | (2,626 | ) | (2,626 | ) | |||||||||||
Balance September 30, 2013 | $ | 1,329 | $ | 1,329 | $ | 1,329 | $ | 1,329 | |||||||||
Three Months Ended September 30, 2012 | Nine Months Ended September 30, 2012 | ||||||||||||||||
Unrealized Gains | Accumulated Other Comprehensive Income | Unrealized Gains | Accumulated Other Comprehensive Income | ||||||||||||||
on Securities | on Securities | ||||||||||||||||
Balance at the beginning of the period | $ | 4,335 | $ | 4,335 | $ | 4,974 | $ | 4,974 | |||||||||
Current period, other comprehensive income (loss) | 94 | 94 | (545 | ) | (545 | ) | |||||||||||
Balance September 30, 2012 | $ | 4,429 | $ | 4,429 | $ | 4,429 | $ | 4,429 |
Securities_Tables
Securities (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||
Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
Carrying value of investment in securities | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
The carrying values of investment securities at September 30, 2013 and December 31, 2012 are summarized in the following table (dollars in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||||||||||||||||||
Amount | Percent | Amount | Percent | ||||||||||||||||||||||||||||||||||||||||||||||
Securities available for sale | |||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | $ | 135,056 | 59.32 | % | $ | 134,332 | 59.39 | % | |||||||||||||||||||||||||||||||||||||||||
Other securities (FHLB, FHLMC and FNMA) | 92,623 | 40.68 | 91,850 | 40.61 | |||||||||||||||||||||||||||||||||||||||||||||
Total securities available for sale | $ | 227,679 | 100 | % | $ | 226,182 | 100 | % | |||||||||||||||||||||||||||||||||||||||||
Carrying amount of available-for-sale securities and approximate fair values | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
The carrying amount of available-for-sale securities and their approximate fair values were as follows as of September 30, 2013 and December 31, 2012 (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | Gross Unrealized | Gross Unrealized | Estimated Fair Value | ||||||||||||||||||||||||||||||||||||||||||||||
Gains | (Losses) | ||||||||||||||||||||||||||||||||||||||||||||||||
September 30, 2013: | |||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | $ | 133,288 | $ | 3,182 | $ | (1,414 | ) | $ | 135,056 | ||||||||||||||||||||||||||||||||||||||||
Other securities (FHLB, FHLMC and FNMA) | 92,239 | 477 | (93 | ) | 92,623 | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 225,527 | $ | 3,659 | $ | (1,507 | ) | $ | 227,679 | ||||||||||||||||||||||||||||||||||||||||
December 31, 2012: | |||||||||||||||||||||||||||||||||||||||||||||||||
State and political subdivisions | $ | 128,848 | $ | 5,593 | $ | (109 | ) | $ | 134,332 | ||||||||||||||||||||||||||||||||||||||||
Other securities (FHLB, FHLMC and FNMA) | 90,929 | 946 | (25 | ) | 91,850 | ||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 219,777 | $ | 6,539 | $ | (134 | ) | $ | 226,182 | ||||||||||||||||||||||||||||||||||||||||
Available-for-sale securities classified as per contractual maturities | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
The amortized cost and estimated fair value of available-for-sale securities classified according to their contractual maturities at September 30, 2013, were as follows (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||||||||||||||||||||||||||||||||||
Due in one year or less | $ | 45,053 | $ | 45,344 | |||||||||||||||||||||||||||||||||||||||||||||
Due after one year through five years | 108,733 | 111,048 | |||||||||||||||||||||||||||||||||||||||||||||||
Due after five years through ten years | 71,641 | 71,190 | |||||||||||||||||||||||||||||||||||||||||||||||
Due over ten years | 100 | 97 | |||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 225,527 | $ | 227,679 | |||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale securities, continuous unrealized loss position, fair value | ' | ||||||||||||||||||||||||||||||||||||||||||||||||
The following table shows the fair value, gross unrealized losses and the percentage of fair value represented by gross unrealized losses of applicable investment securities owned by the Company, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2013 and December 31, 2012 (in thousands): | |||||||||||||||||||||||||||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | |||||||||||||||||||||||||||||||||||||||||||||||
30-Sep-13 | Unrealized | Unrealized | Unrealized | ||||||||||||||||||||||||||||||||||||||||||||||
Description of Securities | # | Fair Value | Loss | % | # | Fair Value | Loss | % | # | Fair Value | Loss | % | |||||||||||||||||||||||||||||||||||||
State and political subdivisions | 163 | $ | 37,949 | $ | (1,381 | ) | 3.64 | % | 10 | $ | 2,080 | $ | (33 | ) | 1.59 | % | 173 | $ | 40,029 | $ | (1,414 | ) | 3.53 | % | |||||||||||||||||||||||||
Other securities (FHLB, FHLMC and FNMA) | 6 | 16,647 | (93 | ) | 0.56 | % | - | - | - | - | 6 | 16,647 | (93 | ) | 0.56 | % | |||||||||||||||||||||||||||||||||
Total temporarily impaired securities | 169 | $ | 54,596 | $ | (1,474 | ) | 2.7 | % | 10 | $ | 2,080 | $ | (33 | ) | 1.59 | % | 179 | $ | 56,676 | $ | (1,507 | ) | 2.66 | % | |||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | |||||||||||||||||||||||||||||||||||||||||||||||
31-Dec-12 | Unrealized | Unrealized | Unrealized | ||||||||||||||||||||||||||||||||||||||||||||||
Description of Securities | # | Fair Value | Loss | % | # | Fair Value | Loss | % | # | Fair Value | Loss | % | |||||||||||||||||||||||||||||||||||||
State and political subdivisions | 37 | $ | 7,854 | $ | (92 | ) | 1.17 | % | 2 | $ | 483 | $ | (17 | ) | 3.52 | % | 39 | $ | 8,337 | $ | (109 | ) | 1.31 | % | |||||||||||||||||||||||||
Other securities (FHLB, FHLMC and FNMA) | 5 | 12,865 | (25 | ) | 0.19 | % | - | - | - | - | 5 | 12,865 | (25 | ) | 0.19 | % | |||||||||||||||||||||||||||||||||
Total temporarily impaired securities | 42 | $ | 20,719 | $ | (117 | ) | 0.56 | % | 2 | $ | 483 | $ | (17 | ) | 3.52 | % | 44 | $ | 21,202 | $ | (134 | ) | 0.63 | % | |||||||||||||||||||||||||
Loans_Tables
Loans (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Loans [Abstract] | ' | ||||||||||||||||||||||||||||||||
Schedule of classes of loans | ' | ||||||||||||||||||||||||||||||||
Classes of loans are as follows: | |||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||||||||||
Agricultural | $ | 82,740 | $ | 76,190 | |||||||||||||||||||||||||||||
Commercial and financial | 166,175 | 148,034 | |||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | 31,852 | 25,788 | |||||||||||||||||||||||||||||||
Construction, land development and commercial | 67,302 | 79,097 | |||||||||||||||||||||||||||||||
Mortgage, farmland | 131,105 | 113,841 | |||||||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 596,838 | 583,567 | |||||||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 103,278 | 104,278 | |||||||||||||||||||||||||||||||
Mortgage, multi-family | 239,795 | 214,812 | |||||||||||||||||||||||||||||||
Mortgage, commercial | 310,847 | 312,506 | |||||||||||||||||||||||||||||||
Loans to individuals | 19,034 | 20,350 | |||||||||||||||||||||||||||||||
Obligations of state and political subdivisions | 42,761 | 43,102 | |||||||||||||||||||||||||||||||
$ | 1,791,727 | $ | 1,721,565 | ||||||||||||||||||||||||||||||
Net unamortized fees and costs | 626 | 597 | |||||||||||||||||||||||||||||||
$ | 1,792,353 | $ | 1,722,162 | ||||||||||||||||||||||||||||||
Less allowance for loan losses | 24,750 | 25,160 | |||||||||||||||||||||||||||||||
$ | 1,767,603 | $ | 1,697,002 | ||||||||||||||||||||||||||||||
Schedule of changes in allowance for loan losses | ' | ||||||||||||||||||||||||||||||||
Changes in the allowance for loan losses, the allowance for loan losses applicable to impaired loans and the related loan balance of impaired loans for the three and nine months ended September 30, 2013 were as follows: | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Agricultural | Commercial and Financial | Real Estate: | Real Estate: | Real Estate: | Real Estate: | Other | Total | ||||||||||||||||||||||||||
Construction and | Mortgage, | Mortgage, 1 to 4 | Mortgage, multi- | ||||||||||||||||||||||||||||||
land development | farmland | family | family and | ||||||||||||||||||||||||||||||
commercial | |||||||||||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 2,379 | $ | 4,878 | $ | 2,988 | $ | 2,150 | $ | 6,984 | $ | 4,370 | $ | 651 | $ | 24,400 | |||||||||||||||||
Charge-offs | - | (283 | ) | - | - | (103 | ) | (44 | ) | (19 | ) | (449 | ) | ||||||||||||||||||||
Recoveries | 12 | 220 | 76 | - | 85 | 258 | 36 | 687 | |||||||||||||||||||||||||
Provision | 150 | 58 | (258 | ) | 139 | 105 | (12 | ) | (70 | ) | 112 | ||||||||||||||||||||||
Ending balance | $ | 2,541 | $ | 4,873 | $ | 2,806 | $ | 2,289 | $ | 7,071 | $ | 4,572 | $ | 598 | $ | 24,750 | |||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Agricultural | Commercial and Financial | Real Estate: Construction and | Real Estate: | Real Estate: | Real Estate: | Other | Total | ||||||||||||||||||||||||||
land development | Mortgage, | Mortgage, 1 to 4 family | Mortgage, multi-family and | ||||||||||||||||||||||||||||||
farmland | commercial | ||||||||||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 1,653 | $ | 4,573 | $ | 3,175 | $ | 1,746 | $ | 8,088 | $ | 5,104 | $ | 821 | $ | 25,160 | |||||||||||||||||
Charge-offs | - | (778 | ) | (220 | ) | - | (651 | ) | (327 | ) | (143 | ) | (2,119 | ) | |||||||||||||||||||
Recoveries | 30 | 772 | 242 | - | 434 | 414 | 126 | 2,018 | |||||||||||||||||||||||||
Provision | 858 | 306 | (391 | ) | 543 | (800 | ) | (619 | ) | (206 | ) | (309 | ) | ||||||||||||||||||||
Ending balance | $ | 2,541 | $ | 4,873 | $ | 2,806 | $ | 2,289 | $ | 7,071 | $ | 4,572 | $ | 598 | $ | 24,750 | |||||||||||||||||
Ending balance, individually evaluated for impairment | $ | 3 | $ | 13 | $ | - | $ | 4 | $ | 69 | $ | 218 | $ | 1 | $ | 308 | |||||||||||||||||
Ending balance, collectively evaluated for impairment | $ | 2,538 | $ | 4,860 | $ | 2,806 | $ | 2,285 | $ | 7,002 | $ | 4,354 | $ | 597 | $ | 24,442 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance | $ | 82,740 | $ | 166,175 | $ | 99,154 | $ | 131,105 | $ | 700,116 | $ | 550,642 | $ | 61,795 | $ | 1,791,727 | |||||||||||||||||
Ending balance, individually evaluated for impairment | 123 | 1,868 | 1,722 | 459 | 4,519 | 17,912 | 12 | 26,615 | |||||||||||||||||||||||||
Ending balance, collectively evaluated for impairment | $ | 82,617 | $ | 164,307 | $ | 97,432 | $ | 130,646 | $ | 695,597 | $ | 532,730 | $ | 61,783 | $ | 1,765,112 | |||||||||||||||||
Changes in the allowance for loan losses for the three and nine months ended September 30, 2012 were as follows: | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Agricultural | Commercial and Financial | Real Estate: | Real Estate: | Real Estate: | Real Estate: | Other | Total | ||||||||||||||||||||||||||
Construction and | Mortgage, | Mortgage, 1 to 4 | Mortgage, multi- | ||||||||||||||||||||||||||||||
land development | farmland | family | family and | ||||||||||||||||||||||||||||||
commercial | |||||||||||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 1,607 | $ | 5,203 | $ | 4,104 | $ | 1,687 | $ | 8,271 | $ | 5,171 | $ | 627 | $ | 26,670 | |||||||||||||||||
Charge-offs | - | (162 | ) | (88 | ) | - | (378 | ) | (3 | ) | (46 | ) | (677 | ) | |||||||||||||||||||
Recoveries | 10 | 461 | 8 | - | 155 | 99 | 52 | 785 | |||||||||||||||||||||||||
Provision | 287 | (818 | ) | 8 | (36 | ) | 89 | (186 | ) | 48 | (608 | ) | |||||||||||||||||||||
Ending balance | $ | 1,904 | $ | 4,684 | $ | 4,032 | $ | 1,651 | $ | 8,137 | $ | 5,081 | $ | 681 | $ | 26,170 | |||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Agricultural | Commercial and Financial | Real Estate: Construction and | Real Estate: | Real Estate: | Real Estate: | Other | Total | ||||||||||||||||||||||||||
land development | Mortgage, | Mortgage, 1 to 4 family | Mortgage, multi-family and | ||||||||||||||||||||||||||||||
farmland | commercial | ||||||||||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 1,354 | $ | 6,429 | $ | 4,994 | $ | 1,411 | $ | 9,051 | $ | 6,150 | $ | 761 | $ | 30,150 | |||||||||||||||||
Charge-offs | - | (991 | ) | (689 | ) | - | (1,113 | ) | (214 | ) | (136 | ) | (3,143 | ) | |||||||||||||||||||
Recoveries | 43 | 1,156 | 15 | - | 409 | 225 | 215 | 2,063 | |||||||||||||||||||||||||
Provision | 507 | (1,910 | ) | (288 | ) | 240 | (210 | ) | (1,080 | ) | (159 | ) | (2,900 | ) | |||||||||||||||||||
Ending balance | $ | 1,904 | $ | 4,684 | $ | 4,032 | $ | 1,651 | $ | 8,137 | $ | 5,081 | $ | 681 | $ | 26,170 | |||||||||||||||||
Ending balance, individually evaluated for impairment | $ | 3 | $ | 24 | $ | 41 | $ | - | $ | 66 | $ | 82 | $ | - | $ | 216 | |||||||||||||||||
Ending balance, collectively evaluated for impairment | $ | 1,901 | $ | 4,660 | $ | 3,991 | $ | 1,651 | $ | 8,071 | $ | 4,999 | $ | 681 | $ | 25,954 | |||||||||||||||||
Loans: | |||||||||||||||||||||||||||||||||
Ending balance | $ | 68,769 | $ | 142,888 | $ | 106,738 | $ | 102,457 | $ | 689,835 | $ | 526,427 | $ | 52,251 | $ | 1,689,365 | |||||||||||||||||
Ending balance, individually evaluated for impairment | $ | 14 | $ | 3,012 | $ | 2,136 | $ | 810 | $ | 3,122 | $ | 19,921 | $ | - | $ | 29,015 | |||||||||||||||||
Ending balance, collectively evaluated for impairment | $ | 68,755 | $ | 139,876 | $ | 104,602 | $ | 101,647 | $ | 686,713 | $ | 506,506 | $ | 52,251 | $ | 1,660,350 | |||||||||||||||||
Schedule of credit quality indicators by type of loans | ' | ||||||||||||||||||||||||||||||||
The following table presents the credit quality indicators by type of loans in each category as of September 30, 2013 and December 31, 2012, respectively (amounts in thousands): | |||||||||||||||||||||||||||||||||
Agricultural | Commercial and | Real Estate: | Real Estate: | ||||||||||||||||||||||||||||||
Financial | Construction, 1 to 4 | Construction, land | |||||||||||||||||||||||||||||||
family residential | development and | ||||||||||||||||||||||||||||||||
commercial | |||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 71,917 | $ | 134,059 | $ | 27,396 | $ | 56,994 | |||||||||||||||||||||||||
Potential Watch | 3,438 | 11,036 | 1,384 | 4,774 | |||||||||||||||||||||||||||||
Watch | 1,550 | 15,383 | 2,760 | 3,858 | |||||||||||||||||||||||||||||
Substandard | 5,835 | 5,697 | 312 | 1,676 | |||||||||||||||||||||||||||||
Total | $ | 82,740 | $ | 166,175 | $ | 31,852 | $ | 67,302 | |||||||||||||||||||||||||
Real Estate: | Real Estate: | Real Estate: Mortgage, | Real Estate: | ||||||||||||||||||||||||||||||
Mortgage, | Mortgage, 1 to 4 | 1 to 4 family junior | Mortgage, multi- | ||||||||||||||||||||||||||||||
farmland | family first liens | liens | family | ||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 122,593 | $ | 524,283 | $ | 95,965 | $ | 197,317 | |||||||||||||||||||||||||
Potential Watch | 4,553 | 27,236 | 1,639 | 17,376 | |||||||||||||||||||||||||||||
Watch | 1,570 | 25,295 | 3,719 | 24,281 | |||||||||||||||||||||||||||||
Substandard | 2,389 | 20,024 | 1,955 | 821 | |||||||||||||||||||||||||||||
Total | $ | 131,105 | $ | 596,838 | $ | 103,278 | $ | 239,795 | |||||||||||||||||||||||||
Real Estate: | Loans to | Obligations of | Total | ||||||||||||||||||||||||||||||
Mortgage, | individuals | state and | |||||||||||||||||||||||||||||||
commercial | political subdivisions | ||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 264,347 | $ | 18,500 | $ | 40,630 | $ | 1,554,001 | |||||||||||||||||||||||||
Potential Watch | 22,432 | 112 | 1,072 | 95,052 | |||||||||||||||||||||||||||||
Watch | 14,810 | 292 | 1,059 | 94,577 | |||||||||||||||||||||||||||||
Substandard | 9,258 | 130 | - | 48,097 | |||||||||||||||||||||||||||||
Total | $ | 310,847 | $ | 19,034 | $ | 42,761 | $ | 1,791,727 | |||||||||||||||||||||||||
Agricultural | Commercial and | Real Estate: | Real Estate: | ||||||||||||||||||||||||||||||
Financial | Construction, 1 to 4 | Construction, land | |||||||||||||||||||||||||||||||
family residential | development and | ||||||||||||||||||||||||||||||||
commercial | |||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 70,821 | $ | 123,005 | $ | 20,698 | $ | 67,011 | |||||||||||||||||||||||||
Potential Watch | 1,169 | 7,996 | 2,232 | 4,636 | |||||||||||||||||||||||||||||
Watch | 1,376 | 10,927 | 1,826 | 3,855 | |||||||||||||||||||||||||||||
Substandard | 2,824 | 6,106 | 1,032 | 3,595 | |||||||||||||||||||||||||||||
Total | $ | 76,190 | $ | 148,034 | $ | 25,788 | $ | 79,097 | |||||||||||||||||||||||||
Real Estate: | Real Estate: | Real Estate: Mortgage, | Real Estate: | ||||||||||||||||||||||||||||||
Mortgage, | Mortgage, 1 to 4 | 1 to 4 family junior | Mortgage, multi- | ||||||||||||||||||||||||||||||
farmland | family first liens | liens | family | ||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 106,041 | $ | 517,684 | $ | 94,219 | $ | 173,348 | |||||||||||||||||||||||||
Potential Watch | 2,434 | 24,240 | 3,839 | 11,098 | |||||||||||||||||||||||||||||
Watch | 1,863 | 21,266 | 3,584 | 27,936 | |||||||||||||||||||||||||||||
Substandard | 3,503 | 20,377 | 2,636 | 2,430 | |||||||||||||||||||||||||||||
Total | $ | 113,841 | $ | 583,567 | $ | 104,278 | $ | 214,812 | |||||||||||||||||||||||||
Real Estate: | Loans to | Obligations of | Total | ||||||||||||||||||||||||||||||
Mortgage, | individuals | state and | |||||||||||||||||||||||||||||||
commercial | political subdivisions | ||||||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||||||
Grade: | |||||||||||||||||||||||||||||||||
Pass | $ | 267,883 | $ | 19,763 | $ | 42,022 | $ | 1,502,495 | |||||||||||||||||||||||||
Potential Watch | 11,687 | 118 | - | 69,449 | |||||||||||||||||||||||||||||
Watch | 24,890 | 318 | 1,080 | 98,921 | |||||||||||||||||||||||||||||
Substandard | 8,046 | 151 | - | 50,700 | |||||||||||||||||||||||||||||
Total | $ | 312,506 | $ | 20,350 | $ | 43,102 | $ | 1,721,565 | |||||||||||||||||||||||||
Schedule of past due loans | ' | ||||||||||||||||||||||||||||||||
Past due loans as of September 30, 2013 and December 31, 2012 were as follows: | |||||||||||||||||||||||||||||||||
90 Days | Total | Accruing Loans | |||||||||||||||||||||||||||||||
30 - 59 Days | 60 - 89 Days | or More | Total Past | Loans | Past Due 90 | ||||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Due | Current | Receivable | Days or More | |||||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Agricultural | $ | 492 | $ | - | $ | - | $ | 492 | $ | 82,248 | $ | 82,740 | $ | - | |||||||||||||||||||
Commercial and financial | 871 | 492 | 13 | 1,376 | 164,799 | 166,175 | 13 | ||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | - | 859 | - | 859 | 30,993 | 31,852 | - | ||||||||||||||||||||||||||
Construction, land development and commercial | 144 | 385 | 823 | 1,352 | 65,950 | 67,302 | 91 | ||||||||||||||||||||||||||
Mortgage, farmland | - | 60 | 171 | 231 | 130,874 | 131,105 | 171 | ||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 596 | 1,399 | 2,144 | 4,139 | 592,699 | 596,838 | 1,127 | ||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 355 | 264 | 95 | 714 | 102,564 | 103,278 | 66 | ||||||||||||||||||||||||||
Mortgage, multi-family | 846 | - | 68 | 914 | 238,881 | 239,795 | - | ||||||||||||||||||||||||||
Mortgage, commercial | 2,817 | 302 | 509 | 3,628 | 307,219 | 310,847 | 14 | ||||||||||||||||||||||||||
Loans to individuals | 27 | 13 | 12 | 52 | 18,982 | 19,034 | 12 | ||||||||||||||||||||||||||
Obligations of state and political subdivisions | - | - | - | - | 42,761 | 42,761 | - | ||||||||||||||||||||||||||
$ | 6,148 | $ | 3,774 | $ | 3,835 | $ | 13,757 | $ | 1,777,970 | $ | 1,791,727 | $ | 1,494 | ||||||||||||||||||||
December 31, 2012: | |||||||||||||||||||||||||||||||||
Agricultural | $ | 374 | $ | - | $ | - | $ | 374 | $ | 75,816 | $ | 76,190 | $ | - | |||||||||||||||||||
Commercial and financial | 712 | 100 | 100 | 912 | 147,122 | 148,034 | 10 | ||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | - | - | - | - | 25,788 | 25,788 | - | ||||||||||||||||||||||||||
Construction, land development and commercial | 909 | 15 | - | 924 | 78,173 | 79,097 | - | ||||||||||||||||||||||||||
Mortgage, farmland | - | - | 512 | 512 | 113,329 | 113,841 | - | ||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 5,433 | 1,579 | 2,033 | 9,045 | 574,522 | 583,567 | 1,592 | ||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 640 | 43 | 221 | 904 | 103,374 | 104,278 | 221 | ||||||||||||||||||||||||||
Mortgage, multi-family | 840 | - | 845 | 1,685 | 213,127 | 214,812 | 592 | ||||||||||||||||||||||||||
Mortgage, commercial | 2,060 | - | 1,415 | 3,475 | 309,031 | 312,506 | 228 | ||||||||||||||||||||||||||
Loans to individuals | 22 | - | - | 22 | 20,328 | 20,350 | - | ||||||||||||||||||||||||||
Obligations of state and political subdivisions | - | - | - | - | 43,102 | 43,102 | - | ||||||||||||||||||||||||||
$ | 10,990 | $ | 1,737 | $ | 5,126 | $ | 17,853 | $ | 1,703,712 | $ | 1,721,565 | $ | 2,643 | ||||||||||||||||||||
Schedule of impaired loan information | ' | ||||||||||||||||||||||||||||||||
Certain impaired loan information by loan type at September 30, 2013 and December 31, 2012, was as follows: | |||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||
Non-accrual | Accruing loans | TDR loans (2) | Non- | Accruing loans | TDR loans (2) | ||||||||||||||||||||||||||||
loans | past due 90 days | accrual | past due 90 days | ||||||||||||||||||||||||||||||
or more (1) | loans | or more (1) | |||||||||||||||||||||||||||||||
(Amounts In Thousands) | (Amounts In Thousands) | ||||||||||||||||||||||||||||||||
Agricultural | $ | - | $ | - | $ | 122 | $ | - | $ | - | $ | - | |||||||||||||||||||||
Commercial and financial | 108 | 13 | 1,748 | 265 | 10 | 1,824 | |||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | - | - | - | 714 | - | - | |||||||||||||||||||||||||||
Construction, land development and commercial | 1,572 | 91 | 58 | 2,169 | - | 95 | |||||||||||||||||||||||||||
Mortgage, farmland | - | 171 | 288 | 512 | - | 294 | |||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 1,909 | 1,127 | 1,295 | 580 | 1,592 | 1,065 | |||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 199 | 66 | - | 17 | 221 | 90 | |||||||||||||||||||||||||||
Mortgage, multi-family | 476 | - | 5,643 | 2,027 | 592 | 5,739 | |||||||||||||||||||||||||||
Mortgage, commercial | 1,804 | 14 | 9,899 | 1,401 | 228 | 10,323 | |||||||||||||||||||||||||||
Loans to individuals | - | 12 | - | - | - | - | |||||||||||||||||||||||||||
$ | 6,068 | $ | 1,494 | $ | 19,053 | $ | 7,685 | $ | 2,643 | $ | 19,430 | ||||||||||||||||||||||
-1 | There were $0.09 million TDR loans included within accruing loans past due 90 days or more as of September 30, 2013. There were no TDR loans included within accruing loans past due 90 days or more as of December 31, 2012. | ||||||||||||||||||||||||||||||||
-2 | Total TDR loans were $20.68 million and $22.13 million as of September 30, 2013 and December 31, 2012, respectively. Included in the total nonaccrual loans were $1.54 million and $2.69 million of TDR loans as of September 30, 2013 and December 31, 2012. | ||||||||||||||||||||||||||||||||
Schedule of information for TDR loans | ' | ||||||||||||||||||||||||||||||||
Below is a summary of information for TDR loans as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||||||||||||||
Number | Number | ||||||||||||||||||||||||||||||||
of | Recorded | Commitments | of | Recorded | Commitments | ||||||||||||||||||||||||||||
contracts | investment | outstanding | contracts | investment | outstanding | ||||||||||||||||||||||||||||
(Amounts In Thousands) | (Amounts In Thousands) | ||||||||||||||||||||||||||||||||
Agriculture | 1 | $ | 122 | $ | - | - | $ | - | $ | - | |||||||||||||||||||||||
Commercial and financial | 12 | 1,856 | 54 | 11 | 1,927 | 15 | |||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | - | - | - | - | - | - | |||||||||||||||||||||||||||
Construction, land development and commercial | 3 | 190 | - | 3 | 401 | - | |||||||||||||||||||||||||||
Mortgage, farmland | 1 | 288 | - | 1 | 295 | - | |||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 11 | 1,701 | - | 8 | 1,277 | - | |||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | - | - | - | 2 | 90 | 8 | |||||||||||||||||||||||||||
Mortgage, multi-family | 3 | 6,051 | - | 5 | 7,364 | - | |||||||||||||||||||||||||||
Mortgage, commercial | 7 | 10,475 | - | 8 | 10,771 | - | |||||||||||||||||||||||||||
Loans to individuals | - | - | - | - | - | - | |||||||||||||||||||||||||||
38 | $ | 20,683 | $ | 54 | 38 | $ | 22,125 | $ | 23 | ||||||||||||||||||||||||
The Company had no loan modifications considered TDR loans during the three months ended September 30, 2013. The following is a summary of TDR loans that were modified during the nine months ended September 30, 2013: | |||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Number | Pre-modification | Post-modification | |||||||||||||||||||||||||||||||
of | recorded | recorded | |||||||||||||||||||||||||||||||
contracts | investment | investment | |||||||||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||||||||||
Agriculture | 1 | $ | 125 | $ | 125 | ||||||||||||||||||||||||||||
Commercial and financial | 2 | 66 | 66 | ||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Mortgage, 1 to 4 family first lien | 3 | 483 | 448 | ||||||||||||||||||||||||||||||
6 | $ | 674 | $ | 639 | |||||||||||||||||||||||||||||
Schedule of impaired loans | ' | ||||||||||||||||||||||||||||||||
Information regarding impaired loans as of and for the three and nine months ended September 30, 2013 is as follows: | |||||||||||||||||||||||||||||||||
30-Sep-13 | Three Months Ended September 30, 2013 | Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Average Recorded | Interest Income | Average Recorded Investment | Interest Income | |||||||||||||||||||||||||||
Investment | Principal | Allowance | Investment | Recognized | Recognized | ||||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||||||
With no related allowance recorded: | (Amounts In Thousands) | ||||||||||||||||||||||||||||||||
Agricultural | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Commercial and financial | 990 | 2,442 | - | 998 | 11 | 1,053 | 33 | ||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | 140 | 140 | - | 229 | - | 229 | - | ||||||||||||||||||||||||||
Construction, land development and commercial | 1,582 | 3,237 | - | 1,751 | 2 | 1,883 | 4 | ||||||||||||||||||||||||||
Mortgage, farmland | 288 | 288 | - | 288 | 4 | 291 | 14 | ||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 2,447 | 3,353 | - | 2,466 | 7 | 2,436 | 21 | ||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 199 | 471 | - | 199 | - | 218 | - | ||||||||||||||||||||||||||
Mortgage, multi-family | 476 | 1,077 | - | 484 | - | 676 | - | ||||||||||||||||||||||||||
Mortgage, commercial | 2,745 | 5,555 | - | 2,919 | 12 | 3,026 | 35 | ||||||||||||||||||||||||||
Loans to individuals | - | 20 | - | - | - | - | - | ||||||||||||||||||||||||||
$ | 8,867 | $ | 16,583 | $ | - | $ | 9,334 | $ | 36 | $ | 9,812 | $ | 107 | ||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Agricultural | $ | 123 | $ | 123 | $ | 3 | $ | 124 | $ | 1 | $ | 124 | $ | 4 | |||||||||||||||||||
Commercial and financial | 878 | 878 | 13 | 895 | 12 | 925 | 37 | ||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
Construction, land development and commercial | - | - | - | - | - | - | - | ||||||||||||||||||||||||||
Mortgage, farmland | 171 | 171 | 4 | 171 | 3 | 171 | 8 | ||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 1,807 | 2,080 | 68 | 1,819 | 22 | 1,859 | 66 | ||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 66 | 66 | 1 | 66 | 1 | 67 | 3 | ||||||||||||||||||||||||||
Mortgage, multi-family | 5,643 | 5,643 | 200 | 5,660 | 64 | 5,691 | 192 | ||||||||||||||||||||||||||
Mortgage, commercial | 9,048 | 9,048 | 18 | 9,072 | 135 | 9,124 | 402 | ||||||||||||||||||||||||||
Loans to individuals | 12 | 12 | 1 | 12 | 1 | 13 | 1 | ||||||||||||||||||||||||||
$ | 17,748 | $ | 18,021 | $ | 308 | $ | 17,819 | $ | 239 | $ | 17,974 | $ | 713 | ||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Agricultural | $ | 123 | $ | 123 | $ | 3 | $ | 124 | $ | 1 | $ | 124 | $ | 4 | |||||||||||||||||||
Commercial and financial | 1,868 | 3,320 | 13 | 1,893 | 23 | 1,978 | 70 | ||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | 140 | 140 | - | 229 | - | 229 | - | ||||||||||||||||||||||||||
Construction, land development and commercial | 1,582 | 3,237 | - | 1,751 | 2 | 1,883 | 4 | ||||||||||||||||||||||||||
Mortgage, farmland | 459 | 459 | 4 | 459 | 7 | 462 | 22 | ||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 4,254 | 5,433 | 68 | 4,285 | 29 | 4,295 | 87 | ||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 265 | 537 | 1 | 265 | 1 | 285 | 3 | ||||||||||||||||||||||||||
Mortgage, multi-family | 6,119 | 6,720 | 200 | 6,144 | 64 | 6,367 | 192 | ||||||||||||||||||||||||||
Mortgage, commercial | 11,793 | 14,603 | 18 | 11,991 | 147 | 12,150 | 437 | ||||||||||||||||||||||||||
Loans to individuals | 12 | 32 | 1 | 12 | 1 | 13 | 1 | ||||||||||||||||||||||||||
$ | 26,615 | $ | 34,604 | $ | 308 | $ | 27,153 | $ | 275 | $ | 27,786 | $ | 820 | ||||||||||||||||||||
Information regarding impaired loans as of December 31, 2012 is as follows: | |||||||||||||||||||||||||||||||||
Recorded | Unpaid Principal | Related | |||||||||||||||||||||||||||||||
Investment | Balance | Allowance | |||||||||||||||||||||||||||||||
With no related allowance recorded: | (Amounts In Thousands) | ||||||||||||||||||||||||||||||||
Agricultural | $ | - | $ | - | $ | - | |||||||||||||||||||||||||||
Commercial and financial | 364 | 1,911 | - | ||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | 714 | 946 | - | ||||||||||||||||||||||||||||||
Construction, land development and commercial | 2,264 | 3,520 | - | ||||||||||||||||||||||||||||||
Mortgage, farmland | 806 | 808 | - | ||||||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 952 | 1,332 | - | ||||||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 68 | 361 | - | ||||||||||||||||||||||||||||||
Mortgage, multi-family | 2,027 | 2,766 | - | ||||||||||||||||||||||||||||||
Mortgage, commercial | 2,369 | 5,046 | - | ||||||||||||||||||||||||||||||
Loans to individuals | - | 20 | - | ||||||||||||||||||||||||||||||
$ | 9,564 | $ | 16,710 | $ | - | ||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||
Agricultural | $ | - | $ | - | $ | - | |||||||||||||||||||||||||||
Commercial and financial | 1,788 | 1,788 | 22 | ||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | - | - | - | ||||||||||||||||||||||||||||||
Construction, land development and commercial | - | - | - | ||||||||||||||||||||||||||||||
Mortgage, farmland | - | - | - | ||||||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 2,286 | 2,487 | 83 | ||||||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 259 | 259 | 7 | ||||||||||||||||||||||||||||||
Mortgage, multi-family | 6,331 | 6,331 | 241 | ||||||||||||||||||||||||||||||
Mortgage, commercial | 9,530 | 9,530 | 20 | ||||||||||||||||||||||||||||||
Loans to individuals | - | - | - | ||||||||||||||||||||||||||||||
$ | 20,194 | $ | 20,395 | $ | 373 | ||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Agricultural | $ | - | $ | - | $ | - | |||||||||||||||||||||||||||
Commercial and financial | 2,152 | 3,699 | 22 | ||||||||||||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||||||||||
Construction, 1 to 4 family residential | 714 | 946 | - | ||||||||||||||||||||||||||||||
Construction, land development and commercial | 2,264 | 3,520 | - | ||||||||||||||||||||||||||||||
Mortgage, farmland | 806 | 808 | - | ||||||||||||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 3,238 | 3,819 | 83 | ||||||||||||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 327 | 620 | 7 | ||||||||||||||||||||||||||||||
Mortgage, multi-family | 8,358 | 9,097 | 241 | ||||||||||||||||||||||||||||||
Mortgage, commercial | 11,899 | 14,576 | 20 | ||||||||||||||||||||||||||||||
Loans to individuals | - | 20 | - | ||||||||||||||||||||||||||||||
$ | 29,758 | $ | 37,105 | $ | 373 |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Fair Value Measurements [Abstract] | ' | ||||||||||||||||||||||||
Carrying value and estimated fair values of entity's financial instruments | ' | ||||||||||||||||||||||||
The carrying value and estimated fair values of the Company's financial instruments as of September 30, 2013 are as follows: | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Carrying | Estimated Fair | Readily | Observable | Company | |||||||||||||||||||||
Amount | Value | Available | Market | Determined | |||||||||||||||||||||
Market | Prices(2) | Market | |||||||||||||||||||||||
Prices(1) | Prices(3) | ||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||
Financial instrument assets: | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 56,923 | $ | 56,923 | $ | 56,923 | $ | - | $ | - | |||||||||||||||
Investment securities | 235,259 | 235,259 | - | 235,259 | - | ||||||||||||||||||||
Loans held for sale | 2,811 | 2,811 | 2,811 | ||||||||||||||||||||||
Loans | |||||||||||||||||||||||||
Agricultural | 80,199 | 82,894 | - | - | 82,894 | ||||||||||||||||||||
Commercial and financial | 161,302 | 166,959 | - | - | 166,959 | ||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||
Construction, 1 to 4 family residential | 30,895 | 30,371 | - | - | 30,371 | ||||||||||||||||||||
Construction, land development and commercial | 65,453 | 64,522 | - | - | 64,522 | ||||||||||||||||||||
Mortgage, farmland | 128,816 | 128,334 | - | - | 128,334 | ||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 590,719 | 592,889 | - | - | 592,889 | ||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 102,326 | 102,810 | - | - | 102,810 | ||||||||||||||||||||
Mortgage, multi-family | 237,866 | 239,274 | - | - | 239,274 | ||||||||||||||||||||
Mortgage, commercial | 308,204 | 309,885 | - | - | 309,885 | ||||||||||||||||||||
Loans to individuals | 18,781 | 18,963 | - | - | 18,963 | ||||||||||||||||||||
Obligations of state and political subdivisions | 42,416 | 42,371 | - | - | 42,371 | ||||||||||||||||||||
Accrued interest receivable | 8,460 | 8,460 | - | 8,460 | - | ||||||||||||||||||||
Total financial instrument assets | $ | 2,070,430 | $ | 2,082,727 | $ | 56,923 | $ | 246,530 | $ | 1,779,274 | |||||||||||||||
Financial instrument liabilities: | |||||||||||||||||||||||||
Deposits | |||||||||||||||||||||||||
Noninterest-bearing deposits | $ | 250,226 | $ | 250,226 | $ | - | $ | 250,226 | $ | - | |||||||||||||||
Interest-bearing deposits | 1,443,079 | 1,448,957 | - | 1,448,957 | - | ||||||||||||||||||||
Short-term borrowings | 29,163 | 29,163 | - | 29,163 | - | ||||||||||||||||||||
Federal Home Loan Bank borrowings | 125,000 | 133,029 | - | 133,029 | - | ||||||||||||||||||||
Accrued interest payable | 1,092 | 1,092 | - | 1,092 | - | ||||||||||||||||||||
Total financial instrument liabilities | $ | 1,848,560 | $ | 1,862,467 | $ | - | $ | 1,862,467 | $ | - | |||||||||||||||
Face Amount | |||||||||||||||||||||||||
Financial instrument with off-balance sheet risk: | |||||||||||||||||||||||||
Loan commitments | $ | 362,985 | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
Letters of credit | 11,229 | - | - | - | - | ||||||||||||||||||||
Total financial instrument liabilities with off-balance-sheet risk | $ | 374,214 | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
See Notes to Consolidated Financial Statements. | |||||||||||||||||||||||||
-1 | Considered Level 1 under Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements and Disclosures (“ASC 820”). | ||||||||||||||||||||||||
-2 | Considered Level 2 under ASC 820. | ||||||||||||||||||||||||
-3 | Considered Level 3 under ASC 820 and are based on valuation models that use significant assumptions that are not observable in an active market. | ||||||||||||||||||||||||
The carrying value and estimated fair values of the Company's financial instruments as of December 31, 2012 are as follows: | |||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Carrying | Estimated Fair | Readily | Observable | Company | |||||||||||||||||||||
Amount | Value | Available | Market | Determined | |||||||||||||||||||||
Market | Prices(2) | Market | |||||||||||||||||||||||
Prices(1) | Prices(3) | ||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||
Financial instrument assets: | |||||||||||||||||||||||||
Cash and cash equivalents | $ | 63,582 | $ | 63,582 | $ | 63,582 | $ | - | $ | - | |||||||||||||||
Investment securities | 234,244 | 234,244 | - | 234,244 | - | ||||||||||||||||||||
Loans held for sale | 28,256 | 28,256 | - | 28,256 | - | ||||||||||||||||||||
Loans | |||||||||||||||||||||||||
Agricultural | 74,537 | 72,605 | - | - | 72,605 | ||||||||||||||||||||
Commercial and financial | 143,461 | 138,350 | - | - | 138,350 | ||||||||||||||||||||
Real estate: | |||||||||||||||||||||||||
Construction, 1 to 4 family residential | 24,940 | 25,516 | - | - | 25,516 | ||||||||||||||||||||
Construction, land development and commercial | 76,770 | 78,827 | - | - | 78,827 | ||||||||||||||||||||
Mortgage, farmland | 112,095 | 116,751 | - | - | 116,751 | ||||||||||||||||||||
Mortgage, 1 to 4 family first liens | 577,027 | 603,442 | - | - | 603,442 | ||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | 102,730 | 107,049 | - | - | 107,049 | ||||||||||||||||||||
Mortgage, multi-family | 212,972 | 223,295 | - | - | 223,295 | ||||||||||||||||||||
Mortgage, commercial | 309,242 | 323,639 | - | - | 323,639 | ||||||||||||||||||||
Loans to individuals | 19,968 | 20,148 | - | - | 20,148 | ||||||||||||||||||||
Obligations of state and political subdivisions | 42,663 | 42,487 | - | - | 42,487 | ||||||||||||||||||||
Accrued interest receivable | 7,851 | 7,851 | - | 7,851 | - | ||||||||||||||||||||
Total financial instrument assets | $ | 2,030,338 | $ | 2,086,042 | $ | 63,582 | $ | 270,351 | $ | 1,752,109 | |||||||||||||||
Financial instrument liabilities: | |||||||||||||||||||||||||
Deposits | |||||||||||||||||||||||||
Noninterest-bearing deposits | $ | 273,973 | $ | 273,973 | $ | - | $ | 273,973 | $ | - | |||||||||||||||
Interest-bearing deposits | 1,388,571 | 1,400,509 | - | 1,400,509 | - | ||||||||||||||||||||
Short-term borrowings | 38,783 | 38,783 | - | 38,783 | - | ||||||||||||||||||||
Federal Home Loan Bank borrowings | 125,000 | 136,842 | - | 136,842 | - | ||||||||||||||||||||
Accrued interest payable | 1,361 | 1,361 | - | 1,361 | - | ||||||||||||||||||||
Total financial instrument liabilities | $ | 1,827,688 | $ | 1,851,468 | $ | - | $ | 1,851,468 | $ | - | |||||||||||||||
Face Amount | |||||||||||||||||||||||||
Financial instrument with off-balance sheet risk: | |||||||||||||||||||||||||
Loan commitments | $ | 344,120 | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
Letters of credit | 10,778 | - | - | - | - | ||||||||||||||||||||
Total financial instrument liabilities with off-balance-sheet risk | $ | 354,898 | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
-1 | Considered Level 1 under ASC 820. | ||||||||||||||||||||||||
-2 | Considered Level 2 under ASC 820. | ||||||||||||||||||||||||
-3 | Considered Level 3 under ASC 820 and are based on valuation models that use significant assumptions that are not observable in an active market. | ||||||||||||||||||||||||
Schedule of assets and liabilities measured at fair value on a recurring basis | ' | ||||||||||||||||||||||||
The table below represents the balances of assets and liabilities measured at fair value on a recurring basis at September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||
Readily | Observable | Company | Total at | ||||||||||||||||||||||
Available | Market | Determined | Fair Value | ||||||||||||||||||||||
Market | Prices(2) | Market | |||||||||||||||||||||||
Prices(1) | Prices(3) | ||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||
State and political subdivisions | $ | - | $ | 135,056 | $ | - | $ | 135,056 | |||||||||||||||||
Other securities (FHLB, FHLMC and FNMA) | - | 92,623 | - | 92,623 | |||||||||||||||||||||
Total | $ | - | $ | 227,679 | $ | - | $ | 227,679 | |||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||
Readily | Observable | Company | Total at | ||||||||||||||||||||||
Available | Market | Determined | Fair Value | ||||||||||||||||||||||
Market | Prices(2) | Market | |||||||||||||||||||||||
Prices(1) | Prices(3) | ||||||||||||||||||||||||
(Amounts In Thousands) | |||||||||||||||||||||||||
State and political subdivisions | $ | - | $ | 134,332 | $ | - | $ | 134,332 | |||||||||||||||||
Other securities (FHLB, FHLMC and FNMA) | - | 91,850 | - | 91,850 | |||||||||||||||||||||
Total | $ | - | $ | 226,182 | $ | - | $ | 226,182 | |||||||||||||||||
-1 | Considered Level 1 under ASC 820. | ||||||||||||||||||||||||
-2 | Considered Level 2 under ASC 820. | ||||||||||||||||||||||||
-3 | Considered Level 3 under ASC 820 and are based on valuation models that use significant assumptions that are not observable in an active market. | ||||||||||||||||||||||||
Schedule of assets measured at fair value on a nonrecurring basis | ' | ||||||||||||||||||||||||
The following tables present the Company’s assets that are measured at fair value on a nonrecurring basis. | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
30-Sep-13 | 30-Sep-13 | 30-Sep-13 | |||||||||||||||||||||||
Readily | Observable | Company | Total at | Total Losses | Total Losses | ||||||||||||||||||||
Available | Market | Determined | Fair Value | ||||||||||||||||||||||
Market | Prices(2) | Market | |||||||||||||||||||||||
Prices(1) | Prices(3) | ||||||||||||||||||||||||
(Amounts in Thousands) | |||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||
Agricultural | $ | - | $ | - | $ | 120 | $ | 120 | $ | - | $ | - | |||||||||||||
Commercial and financial | - | - | 1,855 | 1,855 | - | 5 | |||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||
Construction, 1 to 4 family residential | - | - | 140 | 140 | - | - | |||||||||||||||||||
Construction, land development and commercial | - | - | 1,582 | 1,582 | - | - | |||||||||||||||||||
Mortgage, farmland | - | - | 455 | 455 | - | - | |||||||||||||||||||
Mortgage, 1 to 4 family first liens | - | - | 4,186 | 4,186 | 72 | 317 | |||||||||||||||||||
Mortgage, 1 to 4 family junior liens | - | - | 264 | 264 | - | 59 | |||||||||||||||||||
Mortgage, multi-family | - | - | 5,919 | 5,919 | 41 | 41 | |||||||||||||||||||
Mortgage, commercial | - | - | 11,775 | 11,775 | - | 229 | |||||||||||||||||||
Loans to individuals | - | - | 11 | 11 | - | - | |||||||||||||||||||
Foreclosed assets | - | - | 250 | 250 | 23 | 23 | |||||||||||||||||||
Total | $ | - | $ | - | $ | 26,557 | $ | 26,557 | $ | 136 | $ | 674 | |||||||||||||
-1 | Considered Level 1 under ASC 820. | ||||||||||||||||||||||||
-2 | Considered Level 2 under ASC 820. | ||||||||||||||||||||||||
-3 | Considered Level 3 under ASC 820 and are based on valuation models that use significant assumptions that are not observable in an active market. | ||||||||||||||||||||||||
Year Ended | |||||||||||||||||||||||||
31-Dec-12 | 31-Dec-12 | ||||||||||||||||||||||||
Readily | Observable | Company | Total at | Total Losses | |||||||||||||||||||||
Available | Market | Determined | Fair Value | ||||||||||||||||||||||
Market | Prices(2) | Market | |||||||||||||||||||||||
Prices(1) | Prices(3) | ||||||||||||||||||||||||
(Amounts in Thousands) | |||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||
Agricultural | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||
Commercial and financial | - | - | 2,130 | 2,130 | 302 | ||||||||||||||||||||
Real Estate: | |||||||||||||||||||||||||
Construction, 1 to 4 family residential | - | - | 714 | 714 | - | ||||||||||||||||||||
Construction, land development and commercial | - | - | 2,264 | 2,264 | 1,176 | ||||||||||||||||||||
Mortgage, farmland | - | - | 806 | 806 | - | ||||||||||||||||||||
Mortgage, 1 to 4 family first liens | - | - | 3,155 | 3,155 | 665 | ||||||||||||||||||||
Mortgage, 1 to 4 family junior liens | - | - | 320 | 320 | 82 | ||||||||||||||||||||
Mortgage, multi-family | - | - | 8,117 | 8,117 | - | ||||||||||||||||||||
Mortgage, commercial | - | - | 11,879 | 11,879 | 210 | ||||||||||||||||||||
Loans to individuals | - | - | - | - | 12 | ||||||||||||||||||||
Foreclosed assets | - | - | 234 | 234 | 164 | ||||||||||||||||||||
Total | $ | - | $ | - | $ | 29,619 | $ | 29,619 | $ | 2,611 | |||||||||||||||
-1 | Considered Level 1 under ASC 820. | ||||||||||||||||||||||||
-2 | Considered Level 2 under ASC 820. | ||||||||||||||||||||||||
-3 | Considered Level 3 under ASC 820 and are based on valuation models that use significant assumptions that are not observable in an active market. |
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Commitments and Contingencies [Abstract] | ' | ||||||||
Schedule of banks commitments | ' | ||||||||
A summary of the Bank’s commitments at September 30, 2013 and December 31, 2012 is as follows: | |||||||||
30-Sep-13 | 31-Dec-12 | ||||||||
(Amounts In Thousands) | |||||||||
Firm loan commitments and unused portion of lines of credit: | |||||||||
Home equity loans | $ | 37,858 | $ | 36,030 | |||||
Credit cards | 42,440 | 44,554 | |||||||
Commercial, real estate and home construction | 111,696 | 96,326 | |||||||
Commercial lines and real estate purchase loans | 170,991 | 167,210 | |||||||
Outstanding letters of credit | 11,229 | 10,778 |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Details) | 9 Months Ended |
Sep. 30, 2013 | |
Segment | |
Summary of Significant Accounting Policies [Abstract] | ' |
Number of operating segments | 1 |
Earnings_Per_Share_Details
Earnings Per Share (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Summary of computation of basic and diluted earnings per share [Abstract] | ' | ' | ' | ' |
Common shares outstanding at the beginning of the period (in shares) | 4,708,910 | 4,746,393 | 4,712,328 | 4,759,818 |
Weighted average number of net shares redeemed (in shares) | -720 | -4,818 | -364 | -9,203 |
Weighted average shares outstanding (basic) (in shares) | 4,708,190 | 4,741,575 | 4,711,964 | 4,750,615 |
Weighted average of potential dilutive shares attributable to stock options granted, computed under the treasury stock method (in shares) | 3,220 | 6,777 | 3,755 | 6,954 |
Weighted average number of shares (diluted) (in shares) | 4,711,410 | 4,748,352 | 4,715,719 | 4,757,569 |
Net income | $6,624 | $5,502 | $20,348 | $21,472 |
Earnings per share [Abstract] | ' | ' | ' | ' |
Basic (in dollars per share) | $1.41 | $1.16 | $4.32 | $4.52 |
Diluted (in dollars per share) | $1.40 | $1.16 | $4.31 | $4.51 |
Other_Comprehensive_Income_Det
Other Comprehensive 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 |
Unrealized Gains on Securities [Abstract] | ' | ' | ' | ' |
Beginning, balance | $659 | $4,335 | $3,955 | $4,974 |
Current period, other comprehensive income (loss) | 670 | 94 | -2,626 | -545 |
Ending, balance | 1,329 | 4,429 | 1,329 | 4,429 |
Accumulated Other Comprehensive Income [Abstract] | ' | ' | ' | ' |
Beginning, balance | 659 | 4,335 | 3,955 | 4,974 |
Current period, other comprehensive income (loss) | 670 | 94 | -2,626 | -545 |
Ending, balance | $1,329 | $4,429 | $1,329 | $4,429 |
Securities_Details
Securities (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Dec. 31, 2012 | |
Bond | Security | |
Security | ||
Available-for-sale Securities [Abstract] | ' | ' |
Available-for-sale Securities, Amount | $227,679,000 | $226,182,000 |
Available-for-sale, Percent (in hundredths) | 100.00% | 100.00% |
Available-for-sale Securities Reconciliation [Abstract] | ' | ' |
Amortized Cost | 225,527,000 | 219,777,000 |
Gross Unrealized Gains | 3,659,000 | 6,539,000 |
Gross Unrealized (Losses) | -1,507,000 | -134,000 |
Estimated Fair Value | 227,679,000 | 226,182,000 |
Amortized Cost [Abstract] | ' | ' |
Due in one year or less | 45,053,000 | ' |
Due after one year through five years | 108,733,000 | ' |
Due after five years through ten years | 71,641,000 | ' |
Due over ten years | 100,000 | ' |
Total | 225,527,000 | ' |
Fair Value [Abstract] | ' | ' |
Due in one year or less | 45,344,000 | ' |
Due after one year through five years | 111,048,000 | ' |
Due after five years through ten years, Amortized Cost Basis | 71,190,000 | ' |
Due over ten years | 97,000 | ' |
Estimated Fair Value | 227,679,000 | 226,182,000 |
Carrying value of investment securities pledged to collateralize short-term borrowings | 29,160,000 | ' |
Less than 12 months [Abstract] | ' | ' |
Number of securities | 169 | 42 |
Fair Value | 54,596,000 | 20,719,000 |
Unrealized loss | -1,474,000 | -117,000 |
Unrealized loss (in hundredths) | 2.70% | 0.56% |
12 months or more [Abstract] | ' | ' |
Number of securities | 10 | 2 |
Fair Value | 2,080,000 | 483,000 |
Unrealized loss | -33,000 | -17,000 |
Unrealized loss (in hundredths) | 1.59% | 3.52% |
Total [Abstract] | ' | ' |
Number of securities | 179 | 44 |
Fair Value | 56,676,000 | 21,202,000 |
Unrealized loss | -1,507,000 | -134,000 |
Unrealized loss (in hundredths) | 2.66% | 0.63% |
Number of Ba2 rated municipal bonds | 2 | ' |
Number of state and political subdivision securities | 10 | ' |
Fair value of Ba2 rated municipal bonds | 490,000 | ' |
Amortized cost of Ba2 rated municipal bonds | 500,000 | ' |
Gross unrealized losses of Ba2 rated municipal bonds | 10,000 | ' |
State and political subdivisions [Member] | ' | ' |
Available-for-sale Securities [Abstract] | ' | ' |
Available-for-sale Securities, Amount | 135,056,000 | 134,332,000 |
Available-for-sale, Percent (in hundredths) | 59.32% | 59.39% |
Available-for-sale Securities Reconciliation [Abstract] | ' | ' |
Amortized Cost | 133,288,000 | 128,848,000 |
Gross Unrealized Gains | 3,182,000 | 5,593,000 |
Gross Unrealized (Losses) | -1,414,000 | -109,000 |
Estimated Fair Value | 135,056,000 | 134,332,000 |
Fair Value [Abstract] | ' | ' |
Estimated Fair Value | 135,056,000 | 134,332,000 |
Less than 12 months [Abstract] | ' | ' |
Number of securities | 163 | 37 |
Fair Value | 37,949,000 | 7,854,000 |
Unrealized loss | -1,381,000 | -92,000 |
Unrealized loss (in hundredths) | 3.64% | 1.17% |
12 months or more [Abstract] | ' | ' |
Number of securities | 10 | 2 |
Fair Value | 2,080,000 | 483,000 |
Unrealized loss | -33,000 | -17,000 |
Unrealized loss (in hundredths) | 1.59% | 3.52% |
Total [Abstract] | ' | ' |
Number of securities | 173 | 39 |
Fair Value | 40,029,000 | 8,337,000 |
Unrealized loss | -1,414,000 | -109,000 |
Unrealized loss (in hundredths) | 3.53% | 1.31% |
Other securities (FHLB, FHLMC and FNMA) [Member] | ' | ' |
Available-for-sale Securities [Abstract] | ' | ' |
Available-for-sale Securities, Amount | 92,623,000 | 91,850,000 |
Available-for-sale, Percent (in hundredths) | 40.68% | 40.61% |
Available-for-sale Securities Reconciliation [Abstract] | ' | ' |
Amortized Cost | 92,239,000 | 90,929,000 |
Gross Unrealized Gains | 477,000 | 946,000 |
Gross Unrealized (Losses) | -93,000 | -25,000 |
Estimated Fair Value | 92,623,000 | 91,850,000 |
Fair Value [Abstract] | ' | ' |
Estimated Fair Value | 92,623,000 | 91,850,000 |
Less than 12 months [Abstract] | ' | ' |
Number of securities | 6 | 5 |
Fair Value | 16,647,000 | 12,865,000 |
Unrealized loss | -93,000 | -25,000 |
Unrealized loss (in hundredths) | 0.56% | 0.19% |
12 months or more [Abstract] | ' | ' |
Number of securities | 0 | 0 |
Fair Value | 0 | 0 |
Unrealized loss | 0 | 0 |
Unrealized loss (in hundredths) | 0.00% | 0.00% |
Total [Abstract] | ' | ' |
Number of securities | 6 | 5 |
Fair Value | 16,647,000 | 12,865,000 |
Unrealized loss | ($93,000) | ($25,000) |
Unrealized loss (in hundredths) | 0.56% | 0.19% |
Loans_Details
Loans (Details) (USD $) | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
Summary of classes of loans (abstract) | ' | ' | ' |
Loans and receivable | $1,791,727 | $1,721,565 | $1,689,365 |
Net unamortized fees and costs | 626 | 597 | ' |
Loans and receivable, gross | 1,792,353 | 1,722,162 | ' |
Less allowance for loan losses | 24,750 | 25,160 | ' |
Loans and receivable, net | 1,767,603 | 1,697,002 | ' |
Agricultural [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Loans and receivable | 82,740 | 76,190 | 68,769 |
Average term of loan | '1 year | ' | ' |
Commercial and financial [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Loans and receivable | 166,175 | 148,034 | 142,888 |
Commercial and financial [Member] | Minimum [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Average term of loan | '1 year | ' | ' |
Commercial and financial [Member] | Maximum [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Average term of loan | '5 years | ' | ' |
Real Estate: Construction, 1 to 4 family residential [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Loans and receivable | 31,852 | 25,788 | ' |
Real Estate: Construction, land development and commercial [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Loans and receivable | 67,302 | 79,097 | ' |
Real Estate: Construction and land development [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Loans and receivable | 99,154 | ' | 106,738 |
Real Estate Construction [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Average term of loan | '1 year | ' | ' |
Real Estate: Mortgage, farmland [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Loans and receivable | 131,105 | 113,841 | 102,457 |
Average amortization period of loan | '25 years | ' | ' |
Real Estate: Mortgage, farmland [Member] | Minimum [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Average term of loan | '1 year | ' | ' |
Real Estate: Mortgage, farmland [Member] | Maximum [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Average term of loan | '5 years | ' | ' |
Real Estate: Mortgage, 1 to 4 family [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Loans and receivable | 700,116 | ' | 689,835 |
Real Estate: Mortgage, 1 to 4 family first liens [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Loans and receivable | 596,838 | 583,567 | ' |
Real Estate: Mortgage, 1 to 4 family junior liens [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Loans and receivable | 103,278 | 104,278 | ' |
Real Estate: Mortgage, multi-family and commercial [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Loans and receivable | 550,642 | ' | 526,427 |
Real Estate: Mortgage, multi-family [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Loans and receivable | 239,795 | 214,812 | ' |
Real Estate: Mortgage, commercial [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Loans and receivable | 310,847 | 312,506 | ' |
Average amortization period of loan | '25 years | ' | ' |
Real Estate: Mortgage, commercial [Member] | Minimum [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Average term of loan | '1 year | ' | ' |
Real Estate: Mortgage, commercial [Member] | Maximum [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Average term of loan | '5 years | ' | ' |
Loans to individuals [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Loans and receivable | 19,034 | 20,350 | ' |
Obligations of state and political subdivisions [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Loans and receivable | 42,761 | 43,102 | ' |
Others [Member] | ' | ' | ' |
Summary of classes of loans (abstract) | ' | ' | ' |
Loans and receivable | $61,795 | ' | $52,251 |
Loans_Allowance_For_Credit_Los
Loans, Allowance For Credit Losses (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 |
Allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Beginning balance | $24,400 | $26,670 | $25,160 | $30,150 | ' |
Charge-offs | -449 | -677 | -2,119 | -3,143 | ' |
Recoveries | 687 | 785 | 2,018 | 2,063 | ' |
Provision | 112 | -608 | -309 | -2,900 | ' |
Ending balance | 24,750 | 26,170 | 24,750 | 26,170 | ' |
Ending balance, individually evaluated for impairment | 308 | 216 | 308 | 216 | ' |
Ending balance, collectively evaluated for impairment | 24,442 | 25,954 | 24,442 | 25,954 | ' |
Loan [Abstract] | ' | ' | ' | ' | ' |
Ending balance | 1,791,727 | 1,689,365 | 1,791,727 | 1,689,365 | 1,721,565 |
Ending balance, individually evaluated for impairment | 26,615 | 29,015 | 26,615 | 29,015 | ' |
Ending balance, collectively evaluated for impairment | 1,765,112 | 1,660,350 | 1,765,112 | 1,660,350 | ' |
Agricultural [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Beginning balance | 2,379 | 1,607 | 1,653 | 1,354 | ' |
Charge-offs | 0 | 0 | 0 | 0 | ' |
Recoveries | 12 | 10 | 30 | 43 | ' |
Provision | 150 | 287 | 858 | 507 | ' |
Ending balance | 2,541 | 1,904 | 2,541 | 1,904 | ' |
Ending balance, individually evaluated for impairment | 3 | 3 | 3 | 3 | ' |
Ending balance, collectively evaluated for impairment | 2,538 | 1,901 | 2,538 | 1,901 | ' |
Loan [Abstract] | ' | ' | ' | ' | ' |
Ending balance | 82,740 | 68,769 | 82,740 | 68,769 | 76,190 |
Ending balance, individually evaluated for impairment | 123 | 14 | 123 | 14 | ' |
Ending balance, collectively evaluated for impairment | 82,617 | 68,755 | 82,617 | 68,755 | ' |
Commercial and Financial [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Beginning balance | 4,878 | 5,203 | 4,573 | 6,429 | ' |
Charge-offs | -283 | -162 | -778 | -991 | ' |
Recoveries | 220 | 461 | 772 | 1,156 | ' |
Provision | 58 | -818 | 306 | -1,910 | ' |
Ending balance | 4,873 | 4,684 | 4,873 | 4,684 | ' |
Ending balance, individually evaluated for impairment | 13 | 24 | 13 | 24 | ' |
Ending balance, collectively evaluated for impairment | 4,860 | 4,660 | 4,860 | 4,660 | ' |
Loan [Abstract] | ' | ' | ' | ' | ' |
Ending balance | 166,175 | 142,888 | 166,175 | 142,888 | 148,034 |
Ending balance, individually evaluated for impairment | 1,868 | 3,012 | 1,868 | 3,012 | ' |
Ending balance, collectively evaluated for impairment | 164,307 | 139,876 | 164,307 | 139,876 | ' |
Real Estate: Construction, 1 to 4 family residential [Member] | ' | ' | ' | ' | ' |
Loan [Abstract] | ' | ' | ' | ' | ' |
Ending balance | 31,852 | ' | 31,852 | ' | 25,788 |
Real Estate: Construction, land development and commercial [Member] | ' | ' | ' | ' | ' |
Loan [Abstract] | ' | ' | ' | ' | ' |
Ending balance | 67,302 | ' | 67,302 | ' | 79,097 |
Real Estate: Construction and land development [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Beginning balance | 2,988 | 4,104 | 3,175 | 4,994 | ' |
Charge-offs | 0 | -88 | -220 | -689 | ' |
Recoveries | 76 | 8 | 242 | 15 | ' |
Provision | -258 | 8 | -391 | -288 | ' |
Ending balance | 2,806 | 4,032 | 2,806 | 4,032 | ' |
Ending balance, individually evaluated for impairment | 0 | 41 | 0 | 41 | ' |
Ending balance, collectively evaluated for impairment | 2,806 | 3,991 | 2,806 | 3,991 | ' |
Loan [Abstract] | ' | ' | ' | ' | ' |
Ending balance | 99,154 | 106,738 | 99,154 | 106,738 | ' |
Ending balance, individually evaluated for impairment | 1,722 | 2,136 | 1,722 | 2,136 | ' |
Ending balance, collectively evaluated for impairment | 97,432 | 104,602 | 97,432 | 104,602 | ' |
Real Estate: Mortgage, farmland [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Beginning balance | 2,150 | 1,687 | 1,746 | 1,411 | ' |
Charge-offs | 0 | 0 | 0 | 0 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Provision | 139 | -36 | 543 | 240 | ' |
Ending balance | 2,289 | 1,651 | 2,289 | 1,651 | ' |
Ending balance, individually evaluated for impairment | 4 | 0 | 4 | 0 | ' |
Ending balance, collectively evaluated for impairment | 2,285 | 1,651 | 2,285 | 1,651 | ' |
Loan [Abstract] | ' | ' | ' | ' | ' |
Ending balance | 131,105 | 102,457 | 131,105 | 102,457 | 113,841 |
Ending balance, individually evaluated for impairment | 459 | 810 | 459 | 810 | ' |
Ending balance, collectively evaluated for impairment | 130,646 | 101,647 | 130,646 | 101,647 | ' |
Real Estate: Mortgage, 1 to 4 family [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Beginning balance | 6,984 | 8,271 | 8,088 | 9,051 | ' |
Charge-offs | -103 | -378 | -651 | -1,113 | ' |
Recoveries | 85 | 155 | 434 | 409 | ' |
Provision | 105 | 89 | -800 | -210 | ' |
Ending balance | 7,071 | 8,137 | 7,071 | 8,137 | ' |
Ending balance, individually evaluated for impairment | 69 | 66 | 69 | 66 | ' |
Ending balance, collectively evaluated for impairment | 7,002 | 8,071 | 7,002 | 8,071 | ' |
Loan [Abstract] | ' | ' | ' | ' | ' |
Ending balance | 700,116 | 689,835 | 700,116 | 689,835 | ' |
Ending balance, individually evaluated for impairment | 4,519 | 3,122 | 4,519 | 3,122 | ' |
Ending balance, collectively evaluated for impairment | 695,597 | 686,713 | 695,597 | 686,713 | ' |
Real Estate: Mortgage, 1 to 4 family first liens [Member] | ' | ' | ' | ' | ' |
Loan [Abstract] | ' | ' | ' | ' | ' |
Ending balance | 596,838 | ' | 596,838 | ' | 583,567 |
Real Estate: Mortgage, 1 to 4 family junior liens [Member] | ' | ' | ' | ' | ' |
Loan [Abstract] | ' | ' | ' | ' | ' |
Ending balance | 103,278 | ' | 103,278 | ' | 104,278 |
Real Estate: Mortgage, multi-family and commercial [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Beginning balance | 4,370 | 5,171 | 5,104 | 6,150 | ' |
Charge-offs | -44 | -3 | -327 | -214 | ' |
Recoveries | 258 | 99 | 414 | 225 | ' |
Provision | -12 | -186 | -619 | -1,080 | ' |
Ending balance | 4,572 | 5,081 | 4,572 | 5,081 | ' |
Ending balance, individually evaluated for impairment | 218 | 82 | 218 | 82 | ' |
Ending balance, collectively evaluated for impairment | 4,354 | 4,999 | 4,354 | 4,999 | ' |
Loan [Abstract] | ' | ' | ' | ' | ' |
Ending balance | 550,642 | 526,427 | 550,642 | 526,427 | ' |
Ending balance, individually evaluated for impairment | 17,912 | 19,921 | 17,912 | 19,921 | ' |
Ending balance, collectively evaluated for impairment | 532,730 | 506,506 | 532,730 | 506,506 | ' |
Real Estate: Mortgage, multi-family [Member] | ' | ' | ' | ' | ' |
Loan [Abstract] | ' | ' | ' | ' | ' |
Ending balance | 239,795 | ' | 239,795 | ' | 214,812 |
Real Estate: Mortgage, commercial [Member] | ' | ' | ' | ' | ' |
Loan [Abstract] | ' | ' | ' | ' | ' |
Ending balance | 310,847 | ' | 310,847 | ' | 312,506 |
Loans to individuals [Member] | ' | ' | ' | ' | ' |
Loan [Abstract] | ' | ' | ' | ' | ' |
Ending balance | 19,034 | ' | 19,034 | ' | 20,350 |
Obligations of state and political subdivisions [Member] | ' | ' | ' | ' | ' |
Loan [Abstract] | ' | ' | ' | ' | ' |
Ending balance | 42,761 | ' | 42,761 | ' | 43,102 |
Others [Member] | ' | ' | ' | ' | ' |
Allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Beginning balance | 651 | 627 | 821 | 761 | ' |
Charge-offs | -19 | -46 | -143 | -136 | ' |
Recoveries | 36 | 52 | 126 | 215 | ' |
Provision | -70 | 48 | -206 | -159 | ' |
Ending balance | 598 | 681 | 598 | 681 | ' |
Ending balance, individually evaluated for impairment | 1 | 0 | 1 | 0 | ' |
Ending balance, collectively evaluated for impairment | 597 | 681 | 597 | 681 | ' |
Loan [Abstract] | ' | ' | ' | ' | ' |
Ending balance | 61,795 | 52,251 | 61,795 | 52,251 | ' |
Ending balance, individually evaluated for impairment | 12 | 0 | 12 | 0 | ' |
Ending balance, collectively evaluated for impairment | $61,783 | $52,251 | $61,783 | $52,251 | ' |
Loans_Credit_Quality_Indicator
Loans, Credit Quality Indicators (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | $1,791,727 | $1,721,565 | $1,689,365 |
Pass [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 1,554,001 | 1,502,495 | ' |
Potential Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 95,052 | 69,449 | ' |
Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 94,577 | 98,921 | ' |
Substandard [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 48,097 | 50,700 | ' |
Agricultural [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 82,740 | 76,190 | 68,769 |
Agricultural [Member] | Pass [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 71,917 | 70,821 | ' |
Agricultural [Member] | Potential Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 3,438 | 1,169 | ' |
Agricultural [Member] | Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 1,550 | 1,376 | ' |
Agricultural [Member] | Substandard [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 5,835 | 2,824 | ' |
Commercial and Financial [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 166,175 | 148,034 | 142,888 |
Commercial and Financial [Member] | Pass [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 134,059 | 123,005 | ' |
Commercial and Financial [Member] | Potential Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 11,036 | 7,996 | ' |
Commercial and Financial [Member] | Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 15,383 | 10,927 | ' |
Commercial and Financial [Member] | Substandard [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 5,697 | 6,106 | ' |
Real Estate: Construction, 1 to 4 family residential [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 31,852 | 25,788 | ' |
Real Estate: Construction, 1 to 4 family residential [Member] | Pass [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 27,396 | 20,698 | ' |
Real Estate: Construction, 1 to 4 family residential [Member] | Potential Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 1,384 | 2,232 | ' |
Real Estate: Construction, 1 to 4 family residential [Member] | Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 2,760 | 1,826 | ' |
Real Estate: Construction, 1 to 4 family residential [Member] | Substandard [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 312 | 1,032 | ' |
Real Estate: Construction, land development and commercial [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 67,302 | 79,097 | ' |
Real Estate: Construction, land development and commercial [Member] | Pass [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 56,994 | 67,011 | ' |
Real Estate: Construction, land development and commercial [Member] | Potential Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 4,774 | 4,636 | ' |
Real Estate: Construction, land development and commercial [Member] | Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 3,858 | 3,855 | ' |
Real Estate: Construction, land development and commercial [Member] | Substandard [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 1,676 | 3,595 | ' |
Real Estate: Construction and land development [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 99,154 | ' | 106,738 |
Real Estate: Mortgage, farmland [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 131,105 | 113,841 | 102,457 |
Real Estate: Mortgage, farmland [Member] | Pass [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 122,593 | 106,041 | ' |
Real Estate: Mortgage, farmland [Member] | Potential Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 4,553 | 2,434 | ' |
Real Estate: Mortgage, farmland [Member] | Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 1,570 | 1,863 | ' |
Real Estate: Mortgage, farmland [Member] | Substandard [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 2,389 | 3,503 | ' |
Real Estate: Mortgage, 1 to 4 family [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 700,116 | ' | 689,835 |
Real Estate: Mortgage, 1 to 4 family first liens [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 596,838 | 583,567 | ' |
Real Estate: Mortgage, 1 to 4 family first liens [Member] | Pass [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 524,283 | 517,684 | ' |
Real Estate: Mortgage, 1 to 4 family first liens [Member] | Potential Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 27,236 | 24,240 | ' |
Real Estate: Mortgage, 1 to 4 family first liens [Member] | Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 25,295 | 21,266 | ' |
Real Estate: Mortgage, 1 to 4 family first liens [Member] | Substandard [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 20,024 | 20,377 | ' |
Real Estate: Mortgage, 1 to 4 family junior liens [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 103,278 | 104,278 | ' |
Real Estate: Mortgage, 1 to 4 family junior liens [Member] | Pass [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 95,965 | 94,219 | ' |
Real Estate: Mortgage, 1 to 4 family junior liens [Member] | Potential Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 1,639 | 3,839 | ' |
Real Estate: Mortgage, 1 to 4 family junior liens [Member] | Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 3,719 | 3,584 | ' |
Real Estate: Mortgage, 1 to 4 family junior liens [Member] | Substandard [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 1,955 | 2,636 | ' |
Real Estate: Mortgage, multi-family and commercial [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 550,642 | ' | 526,427 |
Real Estate: Mortgage, multi-family [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 239,795 | 214,812 | ' |
Real Estate: Mortgage, multi-family [Member] | Pass [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 197,317 | 173,348 | ' |
Real Estate: Mortgage, multi-family [Member] | Potential Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 17,376 | 11,098 | ' |
Real Estate: Mortgage, multi-family [Member] | Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 24,281 | 27,936 | ' |
Real Estate: Mortgage, multi-family [Member] | Substandard [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 821 | 2,430 | ' |
Real Estate: Mortgage, commercial [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 310,847 | 312,506 | ' |
Real Estate: Mortgage, commercial [Member] | Pass [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 264,347 | 267,883 | ' |
Real Estate: Mortgage, commercial [Member] | Potential Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 22,432 | 11,687 | ' |
Real Estate: Mortgage, commercial [Member] | Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 14,810 | 24,890 | ' |
Real Estate: Mortgage, commercial [Member] | Substandard [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 9,258 | 8,046 | ' |
Loans to individuals [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 19,034 | 20,350 | ' |
Loans to individuals [Member] | Pass [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 18,500 | 19,763 | ' |
Loans to individuals [Member] | Potential Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 112 | 118 | ' |
Loans to individuals [Member] | Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 292 | 318 | ' |
Loans to individuals [Member] | Substandard [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 130 | 151 | ' |
Obligations of state and political subdivisions [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 42,761 | 43,102 | ' |
Obligations of state and political subdivisions [Member] | Pass [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 40,630 | 42,022 | ' |
Obligations of state and political subdivisions [Member] | Potential Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 1,072 | 0 | ' |
Obligations of state and political subdivisions [Member] | Watch [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 1,059 | 1,080 | ' |
Obligations of state and political subdivisions [Member] | Substandard [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | 0 | 0 | ' |
Others [Member] | ' | ' | ' |
Summary of credit quality indicators by type of loans [Abstract] | ' | ' | ' |
Loans and receivable | $61,795 | ' | $52,251 |
Loans_Past_Due_Receivables_Det
Loans, Past Due Receivables (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | ||
In Thousands, unless otherwise specified | |||||
Schedule of past due loans [Abstract] | ' | ' | ' | ||
30 - 59 Days Past Due | $6,148 | $10,990 | ' | ||
60 - 89 Days Past Due | 3,774 | 1,737 | ' | ||
90 Days or More Past Due | 3,835 | 5,126 | ' | ||
Total Past Due | 13,757 | 17,853 | ' | ||
Current | 1,777,970 | 1,703,712 | ' | ||
Total Loans Receivable | 1,791,727 | 1,721,565 | 1,689,365 | ||
Accruing Loans Past Due 90 Days or More | 1,494 | [1] | 2,643 | [1] | ' |
Agricultural [Member] | ' | ' | ' | ||
Schedule of past due loans [Abstract] | ' | ' | ' | ||
30 - 59 Days Past Due | 492 | 374 | ' | ||
60 - 89 Days Past Due | 0 | 0 | ' | ||
90 Days or More Past Due | 0 | 0 | ' | ||
Total Past Due | 492 | 374 | ' | ||
Current | 82,248 | 75,816 | ' | ||
Total Loans Receivable | 82,740 | 76,190 | 68,769 | ||
Accruing Loans Past Due 90 Days or More | 0 | [1] | 0 | [1] | ' |
Commercial and Financial [Member] | ' | ' | ' | ||
Schedule of past due loans [Abstract] | ' | ' | ' | ||
30 - 59 Days Past Due | 871 | 712 | ' | ||
60 - 89 Days Past Due | 492 | 100 | ' | ||
90 Days or More Past Due | 13 | 100 | ' | ||
Total Past Due | 1,376 | 912 | ' | ||
Current | 164,799 | 147,122 | ' | ||
Total Loans Receivable | 166,175 | 148,034 | 142,888 | ||
Accruing Loans Past Due 90 Days or More | 13 | [1] | 10 | [1] | ' |
Real Estate: Construction, 1 to 4 family residential [Member] | ' | ' | ' | ||
Schedule of past due loans [Abstract] | ' | ' | ' | ||
30 - 59 Days Past Due | 0 | 0 | ' | ||
60 - 89 Days Past Due | 859 | 0 | ' | ||
90 Days or More Past Due | 0 | 0 | ' | ||
Total Past Due | 859 | 0 | ' | ||
Current | 30,993 | 25,788 | ' | ||
Total Loans Receivable | 31,852 | 25,788 | ' | ||
Accruing Loans Past Due 90 Days or More | 0 | [1] | 0 | [1] | ' |
Real Estate: Construction, land development and commercial [Member] | ' | ' | ' | ||
Schedule of past due loans [Abstract] | ' | ' | ' | ||
30 - 59 Days Past Due | 144 | 909 | ' | ||
60 - 89 Days Past Due | 385 | 15 | ' | ||
90 Days or More Past Due | 823 | 0 | ' | ||
Total Past Due | 1,352 | 924 | ' | ||
Current | 65,950 | 78,173 | ' | ||
Total Loans Receivable | 67,302 | 79,097 | ' | ||
Accruing Loans Past Due 90 Days or More | 91 | [1] | 0 | [1] | ' |
Real Estate Construction And Land Development [Member] | ' | ' | ' | ||
Schedule of past due loans [Abstract] | ' | ' | ' | ||
Total Loans Receivable | 99,154 | ' | 106,738 | ||
Real Estate: Mortgage, farmland [Member] | ' | ' | ' | ||
Schedule of past due loans [Abstract] | ' | ' | ' | ||
30 - 59 Days Past Due | 0 | 0 | ' | ||
60 - 89 Days Past Due | 60 | 0 | ' | ||
90 Days or More Past Due | 171 | 512 | ' | ||
Total Past Due | 231 | 512 | ' | ||
Current | 130,874 | 113,329 | ' | ||
Total Loans Receivable | 131,105 | 113,841 | 102,457 | ||
Accruing Loans Past Due 90 Days or More | 171 | [1] | 0 | [1] | ' |
Real Estate: Mortgage, 1 to 4 family [Member] | ' | ' | ' | ||
Schedule of past due loans [Abstract] | ' | ' | ' | ||
Total Loans Receivable | 700,116 | ' | 689,835 | ||
Real Estate: Mortgage, 1 to 4 family first liens [Member] | ' | ' | ' | ||
Schedule of past due loans [Abstract] | ' | ' | ' | ||
30 - 59 Days Past Due | 596 | 5,433 | ' | ||
60 - 89 Days Past Due | 1,399 | 1,579 | ' | ||
90 Days or More Past Due | 2,144 | 2,033 | ' | ||
Total Past Due | 4,139 | 9,045 | ' | ||
Current | 592,699 | 574,522 | ' | ||
Total Loans Receivable | 596,838 | 583,567 | ' | ||
Accruing Loans Past Due 90 Days or More | 1,127 | [1] | 1,592 | [1] | ' |
Real Estate: Mortgage, 1 to 4 family junior liens [Member] | ' | ' | ' | ||
Schedule of past due loans [Abstract] | ' | ' | ' | ||
30 - 59 Days Past Due | 355 | 640 | ' | ||
60 - 89 Days Past Due | 264 | 43 | ' | ||
90 Days or More Past Due | 95 | 221 | ' | ||
Total Past Due | 714 | 904 | ' | ||
Current | 102,564 | 103,374 | ' | ||
Total Loans Receivable | 103,278 | 104,278 | ' | ||
Accruing Loans Past Due 90 Days or More | 66 | [1] | 221 | [1] | ' |
Real Estate: Mortgage, multi-family and commercial [Member] | ' | ' | ' | ||
Schedule of past due loans [Abstract] | ' | ' | ' | ||
Total Loans Receivable | 550,642 | ' | 526,427 | ||
Real Estate: Mortgage, multi-family [Member] | ' | ' | ' | ||
Schedule of past due loans [Abstract] | ' | ' | ' | ||
30 - 59 Days Past Due | 846 | 840 | ' | ||
60 - 89 Days Past Due | 0 | 0 | ' | ||
90 Days or More Past Due | 68 | 845 | ' | ||
Total Past Due | 914 | 1,685 | ' | ||
Current | 238,881 | 213,127 | ' | ||
Total Loans Receivable | 239,795 | 214,812 | ' | ||
Accruing Loans Past Due 90 Days or More | 0 | [1] | 592 | [1] | ' |
Real Estate: Mortgage, commercial [Member] | ' | ' | ' | ||
Schedule of past due loans [Abstract] | ' | ' | ' | ||
30 - 59 Days Past Due | 2,817 | 2,060 | ' | ||
60 - 89 Days Past Due | 302 | 0 | ' | ||
90 Days or More Past Due | 509 | 1,415 | ' | ||
Total Past Due | 3,628 | 3,475 | ' | ||
Current | 307,219 | 309,031 | ' | ||
Total Loans Receivable | 310,847 | 312,506 | ' | ||
Accruing Loans Past Due 90 Days or More | 14 | [1] | 228 | [1] | ' |
Loans to individuals [Member] | ' | ' | ' | ||
Schedule of past due loans [Abstract] | ' | ' | ' | ||
30 - 59 Days Past Due | 27 | 22 | ' | ||
60 - 89 Days Past Due | 13 | 0 | ' | ||
90 Days or More Past Due | 12 | 0 | ' | ||
Total Past Due | 52 | 22 | ' | ||
Current | 18,982 | 20,328 | ' | ||
Total Loans Receivable | 19,034 | 20,350 | ' | ||
Accruing Loans Past Due 90 Days or More | 12 | [1] | 0 | [1] | ' |
Obligations of state and political subdivisions [Member] | ' | ' | ' | ||
Schedule of past due loans [Abstract] | ' | ' | ' | ||
30 - 59 Days Past Due | 0 | 0 | ' | ||
60 - 89 Days Past Due | 0 | 0 | ' | ||
90 Days or More Past Due | 0 | 0 | ' | ||
Total Past Due | 0 | 0 | ' | ||
Current | 42,761 | 43,102 | ' | ||
Total Loans Receivable | 42,761 | 43,102 | ' | ||
Accruing Loans Past Due 90 Days or More | 0 | 0 | ' | ||
Others [Member] | ' | ' | ' | ||
Schedule of past due loans [Abstract] | ' | ' | ' | ||
Total Loans Receivable | $61,795 | ' | $52,251 | ||
[1] | There were $0.09 million TDR loans included within accruing loans past due 90 days or more as of September 30, 2013. There were no TDR loans included within accruing loans past due 90 days or more as of December 31, 2012. |
Loans_Impaired_Financing_Recei
Loans, Impaired Financing Receivable Loan Type (Details) (USD $) | 9 Months Ended | |||
Sep. 30, 2013 | Dec. 31, 2012 | |||
Summary of certain impaired loan information [Abstract] | ' | ' | ||
Non-accrual loans | $6,068,000 | $7,685,000 | ||
Accruing loans past due 90 days or more | 1,494,000 | [1] | 2,643,000 | [1] |
TDR loans | 19,053,000 | [2] | 19,430,000 | [2] |
Total TDR Loans | 20,683,000 | 22,125,000 | ||
Decrease in accruing loans past due 90 days or more creased | 1,150,000 | ' | ||
Average 90 days or more past due loan balance | 62,000 | 110,000 | ||
Agricultural [Member] | ' | ' | ||
Summary of certain impaired loan information [Abstract] | ' | ' | ||
Non-accrual loans | 0 | 0 | ||
Accruing loans past due 90 days or more | 0 | [1] | 0 | [1] |
TDR loans | 122,000 | [2] | 0 | [2] |
Total TDR Loans | 122,000 | 0 | ||
Commercial and financial [Member] | ' | ' | ||
Summary of certain impaired loan information [Abstract] | ' | ' | ||
Non-accrual loans | 108,000 | 265,000 | ||
Accruing loans past due 90 days or more | 13,000 | [1] | 10,000 | [1] |
TDR loans | 1,748,000 | [2] | 1,824,000 | [2] |
Total TDR Loans | 1,856,000 | 1,927,000 | ||
Real Estate: Construction, 1 to 4 family residential [Member] | ' | ' | ||
Summary of certain impaired loan information [Abstract] | ' | ' | ||
Non-accrual loans | 0 | 714,000 | ||
Accruing loans past due 90 days or more | 0 | [1] | 0 | [1] |
TDR loans | 0 | [2] | 0 | [2] |
Total TDR Loans | 0 | 0 | ||
Real Estate: Construction, land development and commercial [Member] | ' | ' | ||
Summary of certain impaired loan information [Abstract] | ' | ' | ||
Non-accrual loans | 1,572,000 | 2,169,000 | ||
Accruing loans past due 90 days or more | 91,000 | [1] | 0 | [1] |
TDR loans | 58,000 | [2] | 95,000 | [2] |
Total TDR Loans | 190,000 | 401,000 | ||
Real Estate: Mortgage, farmland [Member] | ' | ' | ||
Summary of certain impaired loan information [Abstract] | ' | ' | ||
Non-accrual loans | 0 | 512,000 | ||
Accruing loans past due 90 days or more | 171,000 | [1] | 0 | [1] |
TDR loans | 288,000 | [2] | 294,000 | [2] |
Total TDR Loans | 288,000 | 295,000 | ||
Real Estate: Mortgage, 1 to 4 family first liens [Member] | ' | ' | ||
Summary of certain impaired loan information [Abstract] | ' | ' | ||
Non-accrual loans | 1,909,000 | 580,000 | ||
Accruing loans past due 90 days or more | 1,127,000 | [1] | 1,592,000 | [1] |
TDR loans | 1,295,000 | [2] | 1,065,000 | [2] |
Total TDR Loans | 1,701,000 | 1,277,000 | ||
Real Estate: Mortgage, 1 to 4 family junior liens [Member] | ' | ' | ||
Summary of certain impaired loan information [Abstract] | ' | ' | ||
Non-accrual loans | 199,000 | 17,000 | ||
Accruing loans past due 90 days or more | 66,000 | [1] | 221,000 | [1] |
TDR loans | 0 | [2] | 90,000 | [2] |
Total TDR Loans | 0 | 90,000 | ||
Real Estate: Mortgage, multi-family [Member] | ' | ' | ||
Summary of certain impaired loan information [Abstract] | ' | ' | ||
Non-accrual loans | 476,000 | 2,027,000 | ||
Accruing loans past due 90 days or more | 0 | [1] | 592,000 | [1] |
TDR loans | 5,643,000 | [2] | 5,739,000 | [2] |
Total TDR Loans | 6,051,000 | 7,364,000 | ||
Real Estate: Mortgage, commercial [Member] | ' | ' | ||
Summary of certain impaired loan information [Abstract] | ' | ' | ||
Non-accrual loans | 1,804,000 | 1,401,000 | ||
Accruing loans past due 90 days or more | 14,000 | [1] | 228,000 | [1] |
TDR loans | 9,899,000 | [2] | 10,323,000 | [2] |
Total TDR Loans | 10,475,000 | 10,771,000 | ||
Loans to individuals [Member] | ' | ' | ||
Summary of certain impaired loan information [Abstract] | ' | ' | ||
Non-accrual loans | 0 | 0 | ||
Accruing loans past due 90 days or more | 12,000 | [1] | 0 | [1] |
TDR loans | 0 | [2] | 0 | [2] |
Total TDR Loans | 0 | 0 | ||
Troubled Debt Restructuring [Member] | ' | ' | ||
Summary of certain impaired loan information [Abstract] | ' | ' | ||
TDR loans included within accruing loans past due 90 days or more | 90,000 | 0 | ||
TDR Loans included within nonaccrual loans | $1,540,000 | $2,690,000 | ||
[1] | There were $0.09 million TDR loans included within accruing loans past due 90 days or more as of September 30, 2013. There were no TDR loans included within accruing loans past due 90 days or more as of December 31, 2012. | |||
[2] | Total TDR loans were $20.68 million and $22.13 million as of September 30, 2013 and December 31, 2012, respectively. Included in the total nonaccrual loans were $1.54 million and $2.69 million of TDR loans as of September 30, 2013 and December 31, 2012. |
Loans_Troubled_Debt_Restructur
Loans, Troubled Debt Restructuring (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Dec. 31, 2012 | |
Contract | Contract | |
Summary of information for TDR loans [Abstract] | ' | ' |
Number of contracts | 38 | 38 |
Recorded investment | $20,683,000 | $22,125,000 |
Commitments outstanding | 54,000 | 23,000 |
Summary of troubled debt restructuring loans were modified [Abstract] | ' | ' |
Number of Contracts | 6 | ' |
Pre-modification recorded investment | 674,000 | ' |
Post-modification recorded investment | 639,000 | ' |
Commitments to lend additional borrowings to restructured loan customers | 50,000 | 20,000 |
TDR loans default payment | 90,000 | 0 |
Agricultural [Member] | ' | ' |
Summary of information for TDR loans [Abstract] | ' | ' |
Number of contracts | 1 | 0 |
Recorded investment | 122,000 | 0 |
Commitments outstanding | 0 | 0 |
Summary of troubled debt restructuring loans were modified [Abstract] | ' | ' |
Number of Contracts | 1 | ' |
Pre-modification recorded investment | 125,000 | ' |
Post-modification recorded investment | 125,000 | ' |
Commercial and Financial [Member] | ' | ' |
Summary of information for TDR loans [Abstract] | ' | ' |
Number of contracts | 12 | 11 |
Recorded investment | 1,856,000 | 1,927,000 |
Commitments outstanding | 54,000 | 15,000 |
Summary of troubled debt restructuring loans were modified [Abstract] | ' | ' |
Number of Contracts | 2 | ' |
Pre-modification recorded investment | 66,000 | ' |
Post-modification recorded investment | 66,000 | ' |
Real Estate: Construction, 1 to 4 family residential [Member] | ' | ' |
Summary of information for TDR loans [Abstract] | ' | ' |
Number of contracts | 0 | 0 |
Recorded investment | 0 | 0 |
Commitments outstanding | 0 | 0 |
Real Estate: Construction, land development and commercial [Member] | ' | ' |
Summary of information for TDR loans [Abstract] | ' | ' |
Number of contracts | 3 | 3 |
Recorded investment | 190,000 | 401,000 |
Commitments outstanding | 0 | 0 |
Real Estate Construction And Land Development [Member] | ' | ' |
Summary of troubled debt restructuring loans were modified [Abstract] | ' | ' |
TDR loans default payment | 90,000 | ' |
Real Estate: Mortgage, farmland [Member] | ' | ' |
Summary of information for TDR loans [Abstract] | ' | ' |
Number of contracts | 1 | 1 |
Recorded investment | 288,000 | 295,000 |
Commitments outstanding | 0 | 0 |
Real Estate: Mortgage, 1 to 4 family first liens [Member] | ' | ' |
Summary of information for TDR loans [Abstract] | ' | ' |
Number of contracts | 11 | 8 |
Recorded investment | 1,701,000 | 1,277,000 |
Commitments outstanding | 0 | 0 |
Summary of troubled debt restructuring loans were modified [Abstract] | ' | ' |
Number of Contracts | 3 | ' |
Pre-modification recorded investment | 483,000 | ' |
Post-modification recorded investment | 448,000 | ' |
Real Estate: Mortgage, 1 to 4 family junior liens [Member] | ' | ' |
Summary of information for TDR loans [Abstract] | ' | ' |
Number of contracts | 0 | 2 |
Recorded investment | 0 | 90,000 |
Commitments outstanding | 0 | 8,000 |
Real Estate: Mortgage, multi-family [Member] | ' | ' |
Summary of information for TDR loans [Abstract] | ' | ' |
Number of contracts | 3 | 5 |
Recorded investment | 6,051,000 | 7,364,000 |
Commitments outstanding | 0 | 0 |
Real Estate: Mortgage, commercial [Member] | ' | ' |
Summary of information for TDR loans [Abstract] | ' | ' |
Number of contracts | 7 | 8 |
Recorded investment | 10,475,000 | 10,771,000 |
Commitments outstanding | 0 | 0 |
Loans to individuals [Member] | ' | ' |
Summary of information for TDR loans [Abstract] | ' | ' |
Number of contracts | 0 | 0 |
Recorded investment | 0 | 0 |
Commitments outstanding | $0 | $0 |
Loans_Impaired_Financing_Recei1
Loans, Impaired Financing Receivables Activity (Details) (USD $) | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | |
Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | $8,867,000 | $8,867,000 | $9,564,000 |
With an allowance recorded | 17,748,000 | 17,748,000 | 20,194,000 |
Total impaired loans | 26,615,000 | 26,615,000 | 29,758,000 |
Unpaid Principal Balance [Abstract] | ' | ' | ' |
With no related allowance recorded | 16,583,000 | 16,583,000 | 16,710,000 |
With an allowance recorded | 18,021,000 | 18,021,000 | 20,395,000 |
Total | 34,604,000 | 34,604,000 | 37,105,000 |
Related Allowance [Abstract] | ' | ' | ' |
With no related allowance recorded | 0 | 0 | 0 |
With an allowance recorded | 308,000 | 308,000 | 373,000 |
Total | 308,000 | 308,000 | 373,000 |
Average Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | 9,334,000 | 9,812,000 | ' |
With an allowance recorded | 17,819,000 | 17,974,000 | ' |
Total | 27,153,000 | 27,786,000 | ' |
Interest Income Recognized [Abstract] | ' | ' | ' |
With no related allowance recorded | 36,000 | 107,000 | ' |
With an allowance recorded | 239,000 | 713,000 | ' |
Total | 275,000 | 820,000 | ' |
Impaired loans decrease | ' | 3,140,000 | ' |
Nonaccrual loans decreased | ' | 1,620,000 | ' |
Percentages of impaired loans to loans held for investment (in hundredths) | 1.49% | 1.49% | 1.73% |
Prior period within which impairment is being measured | ' | '1 year | ' |
Number of period within which average appraisals obtained | ' | '1 month | ' |
Decrease in accruing loans past due 90 days or more | 1,150,000 | 1,150,000 | ' |
Agricultural [Member] | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | 0 | 0 | 0 |
With an allowance recorded | 123,000 | 123,000 | 0 |
Total impaired loans | 123,000 | 123,000 | 0 |
Unpaid Principal Balance [Abstract] | ' | ' | ' |
With no related allowance recorded | 0 | 0 | 0 |
With an allowance recorded | 123,000 | 123,000 | 0 |
Total | 123,000 | 123,000 | 0 |
Related Allowance [Abstract] | ' | ' | ' |
With no related allowance recorded | 0 | 0 | 0 |
With an allowance recorded | 3,000 | 3,000 | 0 |
Total | 3,000 | 3,000 | 0 |
Average Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | 0 | 0 | ' |
With an allowance recorded | 124,000 | 124,000 | ' |
Total | 124,000 | 124,000 | ' |
Interest Income Recognized [Abstract] | ' | ' | ' |
With no related allowance recorded | 0 | 0 | ' |
With an allowance recorded | 1,000 | 4,000 | ' |
Total | 1,000 | 4,000 | ' |
Commercial and Financial [Member] | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | 990,000 | 990,000 | 364,000 |
With an allowance recorded | 878,000 | 878,000 | 1,788,000 |
Total impaired loans | 1,868,000 | 1,868,000 | 2,152,000 |
Unpaid Principal Balance [Abstract] | ' | ' | ' |
With no related allowance recorded | 2,442,000 | 2,442,000 | 1,911,000 |
With an allowance recorded | 878,000 | 878,000 | 1,788,000 |
Total | 3,320,000 | 3,320,000 | 3,699,000 |
Related Allowance [Abstract] | ' | ' | ' |
With no related allowance recorded | 0 | 0 | 0 |
With an allowance recorded | 13,000 | 13,000 | 22,000 |
Total | 13,000 | 13,000 | 22,000 |
Average Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | 998,000 | 1,053,000 | ' |
With an allowance recorded | 895,000 | 925,000 | ' |
Total | 1,893,000 | 1,978,000 | ' |
Interest Income Recognized [Abstract] | ' | ' | ' |
With no related allowance recorded | 11,000 | 33,000 | ' |
With an allowance recorded | 12,000 | 37,000 | ' |
Total | 23,000 | 70,000 | ' |
Real Estate: Construction, 1 to 4 family residential [Member] | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | 140,000 | 140,000 | 714,000 |
With an allowance recorded | 0 | 0 | 0 |
Total impaired loans | 140,000 | 140,000 | 714,000 |
Unpaid Principal Balance [Abstract] | ' | ' | ' |
With no related allowance recorded | 140,000 | 140,000 | 946,000 |
With an allowance recorded | 0 | 0 | 0 |
Total | 140,000 | 140,000 | 946,000 |
Related Allowance [Abstract] | ' | ' | ' |
With no related allowance recorded | 0 | 0 | 0 |
With an allowance recorded | 0 | 0 | 0 |
Total | 0 | 0 | 0 |
Average Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | 229,000 | 229,000 | ' |
With an allowance recorded | 0 | 0 | ' |
Total | 229,000 | 229,000 | ' |
Interest Income Recognized [Abstract] | ' | ' | ' |
With no related allowance recorded | 0 | 0 | ' |
With an allowance recorded | 0 | 0 | ' |
Total | 0 | 0 | ' |
Real Estate: Construction, land development and commercial [Member] | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | 1,582,000 | 1,582,000 | 2,264,000 |
With an allowance recorded | 0 | 0 | 0 |
Total impaired loans | 1,582,000 | 1,582,000 | 2,264,000 |
Unpaid Principal Balance [Abstract] | ' | ' | ' |
With no related allowance recorded | 3,237,000 | 3,237,000 | 3,520,000 |
With an allowance recorded | 0 | 0 | 0 |
Total | 3,237,000 | 3,237,000 | 3,520,000 |
Related Allowance [Abstract] | ' | ' | ' |
With no related allowance recorded | 0 | 0 | 0 |
With an allowance recorded | 0 | 0 | 0 |
Total | 0 | 0 | 0 |
Average Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | 1,751,000 | 1,883,000 | ' |
With an allowance recorded | 0 | 0 | ' |
Total | 1,751,000 | 1,883,000 | ' |
Interest Income Recognized [Abstract] | ' | ' | ' |
With no related allowance recorded | 2,000 | 4,000 | ' |
With an allowance recorded | 0 | 0 | ' |
Total | 2,000 | 4,000 | ' |
Real Estate: Mortgage, farmland [Member] | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | 288,000 | 288,000 | 806,000 |
With an allowance recorded | 171,000 | 171,000 | 0 |
Total impaired loans | 459,000 | 459,000 | 806,000 |
Unpaid Principal Balance [Abstract] | ' | ' | ' |
With no related allowance recorded | 288,000 | 288,000 | 808,000 |
With an allowance recorded | 171,000 | 171,000 | 0 |
Total | 459,000 | 459,000 | 808,000 |
Related Allowance [Abstract] | ' | ' | ' |
With no related allowance recorded | 0 | 0 | 0 |
With an allowance recorded | 4,000 | 4,000 | 0 |
Total | 4,000 | 4,000 | 0 |
Average Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | 288,000 | 291,000 | ' |
With an allowance recorded | 171,000 | 171,000 | ' |
Total | 459,000 | 462,000 | ' |
Interest Income Recognized [Abstract] | ' | ' | ' |
With no related allowance recorded | 4,000 | 14,000 | ' |
With an allowance recorded | 3,000 | 8,000 | ' |
Total | 7,000 | 22,000 | ' |
Real Estate: Mortgage, 1 to 4 family first liens [Member] | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | 2,447,000 | 2,447,000 | 952,000 |
With an allowance recorded | 1,807,000 | 1,807,000 | 2,286,000 |
Total impaired loans | 4,254,000 | 4,254,000 | 3,238,000 |
Unpaid Principal Balance [Abstract] | ' | ' | ' |
With no related allowance recorded | 3,353,000 | 3,353,000 | 1,332,000 |
With an allowance recorded | 2,080,000 | 2,080,000 | 2,487,000 |
Total | 5,433,000 | 5,433,000 | 3,819,000 |
Related Allowance [Abstract] | ' | ' | ' |
With no related allowance recorded | 0 | 0 | 0 |
With an allowance recorded | 68,000 | 68,000 | 83,000 |
Total | 68,000 | 68,000 | 83,000 |
Average Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | 2,466,000 | 2,436,000 | ' |
With an allowance recorded | 1,819,000 | 1,859,000 | ' |
Total | 4,285,000 | 4,295,000 | ' |
Interest Income Recognized [Abstract] | ' | ' | ' |
With no related allowance recorded | 7,000 | 21,000 | ' |
With an allowance recorded | 22,000 | 66,000 | ' |
Total | 29,000 | 87,000 | ' |
Real Estate: Mortgage, 1 to 4 family junior liens [Member] | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | 199,000 | 199,000 | 68,000 |
With an allowance recorded | 66,000 | 66,000 | 259,000 |
Total impaired loans | 265,000 | 265,000 | 327,000 |
Unpaid Principal Balance [Abstract] | ' | ' | ' |
With no related allowance recorded | 471,000 | 471,000 | 361,000 |
With an allowance recorded | 66,000 | 66,000 | 259,000 |
Total | 537,000 | 537,000 | 620,000 |
Related Allowance [Abstract] | ' | ' | ' |
With no related allowance recorded | 0 | 0 | 0 |
With an allowance recorded | 1,000 | 1,000 | 7,000 |
Total | 1,000 | 1,000 | 7,000 |
Average Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | 199,000 | 218,000 | ' |
With an allowance recorded | 66,000 | 67,000 | ' |
Total | 265,000 | 285,000 | ' |
Interest Income Recognized [Abstract] | ' | ' | ' |
With no related allowance recorded | 0 | 0 | ' |
With an allowance recorded | 1,000 | 3,000 | ' |
Total | 1,000 | 3,000 | ' |
Real Estate: Mortgage, multi-family [Member] | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | 476,000 | 476,000 | 2,027,000 |
With an allowance recorded | 5,643,000 | 5,643,000 | 6,331,000 |
Total impaired loans | 6,119,000 | 6,119,000 | 8,358,000 |
Unpaid Principal Balance [Abstract] | ' | ' | ' |
With no related allowance recorded | 1,077,000 | 1,077,000 | 2,766,000 |
With an allowance recorded | 5,643,000 | 5,643,000 | 6,331,000 |
Total | 6,720,000 | 6,720,000 | 9,097,000 |
Related Allowance [Abstract] | ' | ' | ' |
With no related allowance recorded | 0 | 0 | 0 |
With an allowance recorded | 200,000 | 200,000 | 241,000 |
Total | 200,000 | 200,000 | 241,000 |
Average Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | 484,000 | 676,000 | ' |
With an allowance recorded | 5,660,000 | 5,691,000 | ' |
Total | 6,144,000 | 6,367,000 | ' |
Interest Income Recognized [Abstract] | ' | ' | ' |
With no related allowance recorded | 0 | 0 | ' |
With an allowance recorded | 64,000 | 192,000 | ' |
Total | 64,000 | 192,000 | ' |
Impaired loans decrease | ' | 1,240,000 | ' |
Real Estate: Mortgage, commercial [Member] | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | 2,745,000 | 2,745,000 | 2,369,000 |
With an allowance recorded | 9,048,000 | 9,048,000 | 9,530,000 |
Total impaired loans | 11,793,000 | 11,793,000 | 11,899,000 |
Unpaid Principal Balance [Abstract] | ' | ' | ' |
With no related allowance recorded | 5,555,000 | 5,555,000 | 5,046,000 |
With an allowance recorded | 9,048,000 | 9,048,000 | 9,530,000 |
Total | 14,603,000 | 14,603,000 | 14,576,000 |
Related Allowance [Abstract] | ' | ' | ' |
With no related allowance recorded | 0 | 0 | 0 |
With an allowance recorded | 18,000 | 18,000 | 20,000 |
Total | 18,000 | 18,000 | 20,000 |
Average Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | 2,919,000 | 3,026,000 | ' |
With an allowance recorded | 9,072,000 | 9,124,000 | ' |
Total | 11,991,000 | 12,150,000 | ' |
Interest Income Recognized [Abstract] | ' | ' | ' |
With no related allowance recorded | 12,000 | 35,000 | ' |
With an allowance recorded | 135,000 | 402,000 | ' |
Total | 147,000 | 437,000 | ' |
Loans to individuals [Member] | ' | ' | ' |
Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | 0 | 0 | 0 |
With an allowance recorded | 12,000 | 12,000 | 0 |
Total impaired loans | 12,000 | 12,000 | 0 |
Unpaid Principal Balance [Abstract] | ' | ' | ' |
With no related allowance recorded | 20,000 | 20,000 | 20,000 |
With an allowance recorded | 12,000 | 12,000 | 0 |
Total | 32,000 | 32,000 | 20,000 |
Related Allowance [Abstract] | ' | ' | ' |
With no related allowance recorded | 0 | 0 | 0 |
With an allowance recorded | 1,000 | 1,000 | 0 |
Total | 1,000 | 1,000 | 0 |
Average Recorded Investment [Abstract] | ' | ' | ' |
With no related allowance recorded | 0 | 0 | ' |
With an allowance recorded | 12,000 | 13,000 | ' |
Total | 12,000 | 13,000 | ' |
Interest Income Recognized [Abstract] | ' | ' | ' |
With no related allowance recorded | 0 | 0 | ' |
With an allowance recorded | 1,000 | 1,000 | ' |
Total | $1,000 | $1,000 | ' |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Readily Available Market Prices [Member] | ' | ' | ||
Financial instrument assets [Abstract] | ' | ' | ||
Cash and cash equivalents | $56,923 | [1] | $63,582 | [2] |
Investment securities | 0 | [1] | 0 | [2] |
Loans held for sale | ' | 0 | [2] | |
Loans [Abstract] | ' | ' | ||
Agricultural | 0 | [1] | 0 | [2] |
Commercial and financial | 0 | [1] | 0 | [2] |
Real Estate [Abstract] | ' | ' | ||
Construction 1 To 4 Family Residential | 0 | [1] | 0 | [2] |
Construction land development and commercial | 0 | [1] | 0 | [2] |
Mortgage farmland | 0 | [1] | 0 | [2] |
Mortgage 1 To 4 family first liens | 0 | [1] | 0 | [2] |
Mortgage 1 To 4 family junior liens | 0 | [1] | 0 | [2] |
Mortgage multi family | 0 | [1] | 0 | [2] |
Mortgage commercial | 0 | [1] | 0 | [2] |
Loans to individuals | 0 | [1] | 0 | [2] |
Obligations of state and political subdivisions | 0 | [1] | 0 | [2] |
Accrued interest receivable | 0 | [1] | 0 | [2] |
Total financial instrument assets | 56,923 | [1] | 63,582 | [2] |
Deposits [Abstract] | ' | ' | ||
Non interest bearing deposits | 0 | [1] | 0 | [2] |
Interest bearing deposits | 0 | [1] | 0 | [2] |
Short-term borrowings | 0 | [1] | 0 | [2] |
Federal Home Loan Bank borrowings | 0 | [1] | 0 | [2] |
Accrued interest payable | 0 | [1] | 0 | [2] |
Total financial instrument liabilities | 0 | [1] | 0 | [2] |
Financial instrument with off-balance sheet risk [Abstract] | ' | ' | ||
Loan commitments | 0 | [1] | 0 | [2] |
Letters of credit | 0 | [1] | 0 | [2] |
Total financial instrument liabilities with off-balance-sheet risk | 0 | [1] | 0 | [2] |
Observable Market Prices [Member] | ' | ' | ||
Financial instrument assets [Abstract] | ' | ' | ||
Cash and cash equivalents | 0 | [3] | 0 | [3] |
Investment securities | 235,259 | [3] | 234,244 | [3] |
Loans held for sale | 2,811 | [3] | 28,256 | [3] |
Loans [Abstract] | ' | ' | ||
Agricultural | 0 | [3] | 0 | [3] |
Commercial and financial | 0 | [3] | 0 | [3] |
Real Estate [Abstract] | ' | ' | ||
Construction 1 To 4 Family Residential | 0 | [3] | 0 | [3] |
Construction land development and commercial | 0 | [3] | 0 | [3] |
Mortgage farmland | 0 | [3] | 0 | [3] |
Mortgage 1 To 4 family first liens | 0 | [3] | 0 | [3] |
Mortgage 1 To 4 family junior liens | 0 | [3] | 0 | [3] |
Mortgage multi family | 0 | [3] | 0 | [3] |
Mortgage commercial | 0 | [3] | 0 | [3] |
Loans to individuals | 0 | [3] | 0 | [3] |
Obligations of state and political subdivisions | 0 | [3] | 0 | [3] |
Accrued interest receivable | 8,460 | [3] | 7,851 | [3] |
Total financial instrument assets | 246,530 | [3] | 270,351 | [3] |
Deposits [Abstract] | ' | ' | ||
Non interest bearing deposits | 250,226 | [3] | 273,973 | [3] |
Interest bearing deposits | 1,448,957 | [3] | 1,400,509 | [3] |
Short-term borrowings | 29,163 | [3] | 38,783 | [3] |
Federal Home Loan Bank borrowings | 133,029 | [3] | 136,842 | [3] |
Accrued interest payable | 1,092 | [3] | 1,361 | [3] |
Total financial instrument liabilities | 1,862,467 | [3] | 1,851,468 | [3] |
Financial instrument with off-balance sheet risk [Abstract] | ' | ' | ||
Loan commitments | 0 | [3] | 0 | [3] |
Letters of credit | 0 | [3] | 0 | [3] |
Total financial instrument liabilities with off-balance-sheet risk | 0 | [3] | 0 | [3] |
Company Determined Market Prices [Member] | ' | ' | ||
Financial instrument assets [Abstract] | ' | ' | ||
Cash and cash equivalents | 0 | [4] | 0 | [4] |
Investment securities | 0 | [4] | 0 | [4] |
Loans held for sale | ' | 0 | [4] | |
Loans [Abstract] | ' | ' | ||
Agricultural | 82,894 | [4] | 72,605 | [4] |
Commercial and financial | 166,959 | [4] | 138,350 | [4] |
Real Estate [Abstract] | ' | ' | ||
Construction 1 To 4 Family Residential | 30,371 | [4] | 25,516 | [4] |
Construction land development and commercial | 64,522 | [4] | 78,827 | [4] |
Mortgage farmland | 128,334 | [4] | 116,751 | [4] |
Mortgage 1 To 4 family first liens | 592,889 | [4] | 603,442 | [4] |
Mortgage 1 To 4 family junior liens | 102,810 | [4] | 107,049 | [4] |
Mortgage multi family | 239,274 | [4] | 223,295 | [4] |
Mortgage commercial | 309,885 | [4] | 323,639 | [4] |
Loans to individuals | 18,963 | [4] | 20,148 | [4] |
Obligations of state and political subdivisions | 42,371 | [4] | 42,487 | [4] |
Accrued interest receivable | 0 | [4] | 0 | [4] |
Total financial instrument assets | 779,274 | [4] | 1,752,109 | [4] |
Deposits [Abstract] | ' | ' | ||
Non interest bearing deposits | 0 | [4] | 0 | [4] |
Interest bearing deposits | 0 | [4] | 0 | [4] |
Short-term borrowings | 0 | [4] | 0 | [4] |
Federal Home Loan Bank borrowings | 0 | [4] | 0 | [4] |
Accrued interest payable | 0 | [4] | 0 | [4] |
Total financial instrument liabilities | 0 | [4] | 0 | [4] |
Financial instrument with off-balance sheet risk [Abstract] | ' | ' | ||
Loan commitments | 0 | [4] | 0 | [4] |
Letters of credit | 0 | [4] | 0 | [4] |
Total financial instrument liabilities with off-balance-sheet risk | 0 | [4] | 0 | [4] |
Carrying Amount [Member] | ' | ' | ||
Financial instrument assets [Abstract] | ' | ' | ||
Cash and cash equivalents | 56,923 | 63,582 | ||
Investment securities | 235,259 | 234,244 | ||
Loans held for sale | 2,811 | 28,256 | ||
Loans [Abstract] | ' | ' | ||
Agricultural | 80,199 | 74,537 | ||
Commercial and financial | 161,302 | 143,461 | ||
Real Estate [Abstract] | ' | ' | ||
Construction 1 To 4 Family Residential | 30,895 | 24,940 | ||
Construction land development and commercial | 65,453 | 76,770 | ||
Mortgage farmland | 128,816 | 112,095 | ||
Mortgage 1 To 4 family first liens | 590,719 | 577,027 | ||
Mortgage 1 To 4 family junior liens | 102,326 | 102,730 | ||
Mortgage multi family | 237,866 | 212,972 | ||
Mortgage commercial | 308,204 | 309,242 | ||
Loans to individuals | 18,781 | 19,968 | ||
Obligations of state and political subdivisions | 42,416 | 42,663 | ||
Accrued interest receivable | 8,460 | 7,851 | ||
Total financial instrument assets | 2,070,430 | 2,030,338 | ||
Deposits [Abstract] | ' | ' | ||
Non interest bearing deposits | 250,226 | 273,973 | ||
Interest bearing deposits | 1,443,079 | 1,388,571 | ||
Short-term borrowings | 29,163 | 38,783 | ||
Federal Home Loan Bank borrowings | 125,000 | 125,000 | ||
Accrued interest payable | 1,092 | 1,361 | ||
Total financial instrument liabilities | 1,848,560 | 1,827,688 | ||
Financial instrument with off-balance sheet risk [Abstract] | ' | ' | ||
Loan commitments | 362,985 | 344,120 | ||
Letters of credit | 11,229 | 10,778 | ||
Total financial instrument liabilities with off-balance-sheet risk | 374,214 | 354,898 | ||
Estimated Fair Value [Member] | ' | ' | ||
Financial instrument assets [Abstract] | ' | ' | ||
Cash and cash equivalents | 56,923 | 63,582 | ||
Investment securities | 235,259 | 234,244 | ||
Loans held for sale | 2,811 | 28,256 | ||
Loans [Abstract] | ' | ' | ||
Agricultural | 82,894 | 72,605 | ||
Commercial and financial | 166,959 | 138,350 | ||
Real Estate [Abstract] | ' | ' | ||
Construction 1 To 4 Family Residential | 30,371 | 25,516 | ||
Construction land development and commercial | 64,522 | 78,827 | ||
Mortgage farmland | 128,334 | 116,751 | ||
Mortgage 1 To 4 family first liens | 592,889 | 603,442 | ||
Mortgage 1 To 4 family junior liens | 102,810 | 107,049 | ||
Mortgage multi family | 239,274 | 223,295 | ||
Mortgage commercial | 309,885 | 323,639 | ||
Loans to individuals | 18,963 | 20,148 | ||
Obligations of state and political subdivisions | 42,371 | 42,487 | ||
Accrued interest receivable | 8,460 | 7,851 | ||
Total financial instrument assets | 2,082,727 | 2,086,042 | ||
Deposits [Abstract] | ' | ' | ||
Non interest bearing deposits | 250,226 | 273,973 | ||
Interest bearing deposits | 1,448,957 | 1,400,509 | ||
Short-term borrowings | 29,163 | 38,783 | ||
Federal Home Loan Bank borrowings | 133,029 | 136,842 | ||
Accrued interest payable | 1,092 | 1,361 | ||
Total financial instrument liabilities | 1,862,467 | 1,851,468 | ||
Financial instrument with off-balance sheet risk [Abstract] | ' | ' | ||
Loan commitments | 0 | 0 | ||
Letters of credit | 0 | 0 | ||
Total financial instrument liabilities with off-balance-sheet risk | $0 | $0 | ||
[1] | Considered Level 1 under Accounting Standards Codification (bASCb) Topic 820, Fair Value Measurements and Disclosures (bASC 820b). | |||
[2] | Considered Level 1 under ASC 820. | |||
[3] | Considered Level 2 under ASC 820. | |||
[4] | Considered Level 3 under ASC 820 and are based on valuation models that use significant assumptions that are not observable in an active market. |
Fair_Value_Measurements_Assets
Fair Value Measurements, Assets and Liabilities Recurring Basis (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Summary of assets and liabilities measured at fair value on a recurring basis [Abstract] | ' | ' | ||
Investment securities available for sale | $227,679 | $226,182 | ||
State and political subdivisions [Member] | ' | ' | ||
Summary of assets and liabilities measured at fair value on a recurring basis [Abstract] | ' | ' | ||
Investment securities available for sale | 135,056 | 134,332 | ||
Readily Available Market Prices [Member] | ' | ' | ||
Summary of assets and liabilities measured at fair value on a recurring basis [Abstract] | ' | ' | ||
Total | 56,923 | [1] | 63,582 | [2] |
Observable Market Prices [Member] | ' | ' | ||
Summary of assets and liabilities measured at fair value on a recurring basis [Abstract] | ' | ' | ||
Total | 246,530 | [3] | 270,351 | [3] |
Company Determined Market Prices [Member] | ' | ' | ||
Summary of assets and liabilities measured at fair value on a recurring basis [Abstract] | ' | ' | ||
Total | 779,274 | [4] | 1,752,109 | [4] |
Recurring Basis [Member] | ' | ' | ||
Summary of assets and liabilities measured at fair value on a recurring basis [Abstract] | ' | ' | ||
Total | 227,679 | 226,182 | ||
Recurring Basis [Member] | State and political subdivisions [Member] | ' | ' | ||
Summary of assets and liabilities measured at fair value on a recurring basis [Abstract] | ' | ' | ||
Investment securities available for sale | 135,056 | 134,332 | ||
Recurring Basis [Member] | Other securities (FHLB, FHLMC and FNMA) [Member] | ' | ' | ||
Summary of assets and liabilities measured at fair value on a recurring basis [Abstract] | ' | ' | ||
Investment securities available for sale | 92,623 | 91,850 | ||
Recurring Basis [Member] | Readily Available Market Prices [Member] | ' | ' | ||
Summary of assets and liabilities measured at fair value on a recurring basis [Abstract] | ' | ' | ||
Total | 0 | [2] | 0 | [2] |
Recurring Basis [Member] | Readily Available Market Prices [Member] | State and political subdivisions [Member] | ' | ' | ||
Summary of assets and liabilities measured at fair value on a recurring basis [Abstract] | ' | ' | ||
Investment securities available for sale | 0 | [2] | 0 | [2] |
Recurring Basis [Member] | Readily Available Market Prices [Member] | Other securities (FHLB, FHLMC and FNMA) [Member] | ' | ' | ||
Summary of assets and liabilities measured at fair value on a recurring basis [Abstract] | ' | ' | ||
Investment securities available for sale | 0 | [2] | 0 | [2] |
Recurring Basis [Member] | Observable Market Prices [Member] | ' | ' | ||
Summary of assets and liabilities measured at fair value on a recurring basis [Abstract] | ' | ' | ||
Total | 227,679 | [3] | 226,182 | [3] |
Recurring Basis [Member] | Observable Market Prices [Member] | State and political subdivisions [Member] | ' | ' | ||
Summary of assets and liabilities measured at fair value on a recurring basis [Abstract] | ' | ' | ||
Investment securities available for sale | 135,056 | [3] | 134,332 | [3] |
Recurring Basis [Member] | Observable Market Prices [Member] | Other securities (FHLB, FHLMC and FNMA) [Member] | ' | ' | ||
Summary of assets and liabilities measured at fair value on a recurring basis [Abstract] | ' | ' | ||
Investment securities available for sale | 92,623 | [3] | 91,850 | [3] |
Recurring Basis [Member] | Company Determined Market Prices [Member] | ' | ' | ||
Summary of assets and liabilities measured at fair value on a recurring basis [Abstract] | ' | ' | ||
Total | 0 | [4] | 0 | [4] |
Recurring Basis [Member] | Company Determined Market Prices [Member] | State and political subdivisions [Member] | ' | ' | ||
Summary of assets and liabilities measured at fair value on a recurring basis [Abstract] | ' | ' | ||
Investment securities available for sale | 0 | [4] | 0 | [4] |
Recurring Basis [Member] | Company Determined Market Prices [Member] | Other securities (FHLB, FHLMC and FNMA) [Member] | ' | ' | ||
Summary of assets and liabilities measured at fair value on a recurring basis [Abstract] | ' | ' | ||
Investment securities available for sale | $0 | [4] | $0 | [4] |
[1] | Considered Level 1 under Accounting Standards Codification (bASCb) Topic 820, Fair Value Measurements and Disclosures (bASC 820b). | |||
[2] | Considered Level 1 under ASC 820. | |||
[3] | Considered Level 2 under ASC 820. | |||
[4] | Considered Level 3 under ASC 820 and are based on valuation models that use significant assumptions that are not observable in an active market. |
Fair_Value_Measurements_Assets1
Fair Value Measurements, Assets and Liabilities on a Nonrecurring Basis (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | |||
Readily Available Market Prices [Member] | ' | ' | ' | |||
Impaired Loans [Abstract] | ' | ' | ' | |||
Agricultural | $0 | [1] | $0 | [1] | $0 | [2] |
Commercial and financial | 0 | [1] | 0 | [1] | 0 | [2] |
Real Estate [Abstract] | ' | ' | ' | |||
Construction land development and commercial | 0 | [1] | 0 | [1] | 0 | [2] |
Mortgage farmland | 0 | [1] | 0 | [1] | 0 | [2] |
Mortgage 1 To 4 family first liens | 0 | [1] | 0 | [1] | 0 | [2] |
Mortgage 1 To 4 family junior liens | 0 | [1] | 0 | [1] | 0 | [2] |
Mortgage multi family | 0 | [1] | 0 | [1] | 0 | [2] |
Mortgage commercial | 0 | [1] | 0 | [1] | 0 | [2] |
Loans to individuals | 0 | [1] | 0 | [1] | 0 | [2] |
Total financial instrument assets | 56,923 | [1] | 56,923 | [1] | 63,582 | [2] |
Observable Market Prices [Member] | ' | ' | ' | |||
Impaired Loans [Abstract] | ' | ' | ' | |||
Agricultural | 0 | [3] | 0 | [3] | 0 | [3] |
Commercial and financial | 0 | [3] | 0 | [3] | 0 | [3] |
Real Estate [Abstract] | ' | ' | ' | |||
Construction land development and commercial | 0 | [3] | 0 | [3] | 0 | [3] |
Mortgage farmland | 0 | [3] | 0 | [3] | 0 | [3] |
Mortgage 1 To 4 family first liens | 0 | [3] | 0 | [3] | 0 | [3] |
Mortgage 1 To 4 family junior liens | 0 | [3] | 0 | [3] | 0 | [3] |
Mortgage multi family | 0 | [3] | 0 | [3] | 0 | [3] |
Mortgage commercial | 0 | [3] | 0 | [3] | 0 | [3] |
Loans to individuals | 0 | [3] | 0 | [3] | 0 | [3] |
Total financial instrument assets | 246,530 | [3] | 246,530 | [3] | 270,351 | [3] |
Company Determined Market Prices [Member] | ' | ' | ' | |||
Impaired Loans [Abstract] | ' | ' | ' | |||
Agricultural | 82,894 | [4] | 82,894 | [4] | 72,605 | [4] |
Commercial and financial | 166,959 | [4] | 166,959 | [4] | 138,350 | [4] |
Real Estate [Abstract] | ' | ' | ' | |||
Construction land development and commercial | 64,522 | [4] | 64,522 | [4] | 78,827 | [4] |
Mortgage farmland | 128,334 | [4] | 128,334 | [4] | 116,751 | [4] |
Mortgage 1 To 4 family first liens | 592,889 | [4] | 592,889 | [4] | 603,442 | [4] |
Mortgage 1 To 4 family junior liens | 102,810 | [4] | 102,810 | [4] | 107,049 | [4] |
Mortgage multi family | 239,274 | [4] | 239,274 | [4] | 223,295 | [4] |
Mortgage commercial | 309,885 | [4] | 309,885 | [4] | 323,639 | [4] |
Loans to individuals | 18,963 | [4] | 18,963 | [4] | 20,148 | [4] |
Total financial instrument assets | 779,274 | [4] | 779,274 | [4] | 1,752,109 | [4] |
Nonrecurring Basis [Member] | ' | ' | ' | |||
Impaired Loans [Abstract] | ' | ' | ' | |||
Agricultural | 120 | 120 | 0 | |||
Commercial and financial | 1,855 | 1,855 | 2,130 | |||
Real Estate [Abstract] | ' | ' | ' | |||
Construction, 1 to 4 family residential | 140 | 140 | 714 | |||
Construction land development and commercial | 1,582 | 1,582 | 2,264 | |||
Mortgage farmland | 455 | 455 | 806 | |||
Mortgage 1 To 4 family first liens | 4,186 | 4,186 | 3,155 | |||
Mortgage 1 To 4 family junior liens | 264 | 264 | 320 | |||
Mortgage multi family | 5,919 | 5,919 | 8,117 | |||
Mortgage commercial | 11,775 | 11,775 | 11,879 | |||
Loans to individuals | 11 | 11 | 0 | |||
Foreclosed assets | 250 | 250 | 234 | |||
Total financial instrument assets | 26,557 | 26,557 | 29,619 | |||
Total Losses | 136 | 674 | 2,611 | |||
Nonrecurring Basis [Member] | Readily Available Market Prices [Member] | ' | ' | ' | |||
Impaired Loans [Abstract] | ' | ' | ' | |||
Agricultural | 0 | [2] | 0 | [2] | 0 | [2] |
Commercial and financial | 0 | [2] | 0 | [2] | 0 | [2] |
Real Estate [Abstract] | ' | ' | ' | |||
Construction, 1 to 4 family residential | 0 | [2] | 0 | [2] | 0 | [2] |
Construction land development and commercial | 0 | [2] | 0 | [2] | 0 | [2] |
Mortgage farmland | 0 | [2] | 0 | [2] | 0 | [2] |
Mortgage 1 To 4 family first liens | 0 | [2] | 0 | [2] | 0 | [2] |
Mortgage 1 To 4 family junior liens | 0 | [2] | 0 | [2] | 0 | [2] |
Mortgage multi family | 0 | [2] | 0 | [2] | 0 | [2] |
Mortgage commercial | 0 | [2] | 0 | [2] | 0 | [2] |
Loans to individuals | 0 | [2] | 0 | [2] | 0 | [2] |
Foreclosed assets | 0 | [2] | 0 | [2] | 0 | [2] |
Total financial instrument assets | 0 | [2] | 0 | [2] | 0 | [2] |
Nonrecurring Basis [Member] | Observable Market Prices [Member] | ' | ' | ' | |||
Impaired Loans [Abstract] | ' | ' | ' | |||
Agricultural | 0 | [3] | 0 | [3] | 0 | [3] |
Commercial and financial | 0 | [3] | 0 | [3] | 0 | [3] |
Real Estate [Abstract] | ' | ' | ' | |||
Construction, 1 to 4 family residential | 0 | [3] | 0 | [3] | 0 | [3] |
Construction land development and commercial | 0 | [3] | 0 | [3] | 0 | [3] |
Mortgage farmland | 0 | [3] | 0 | [3] | 0 | [3] |
Mortgage 1 To 4 family first liens | 0 | [3] | 0 | [3] | 0 | [3] |
Mortgage 1 To 4 family junior liens | 0 | [3] | 0 | [3] | 0 | [3] |
Mortgage multi family | 0 | [3] | 0 | [3] | 0 | [3] |
Mortgage commercial | 0 | [3] | 0 | [3] | 0 | [3] |
Loans to individuals | 0 | [3] | 0 | [3] | 0 | [3] |
Foreclosed assets | 0 | [3] | 0 | [3] | 0 | [3] |
Total financial instrument assets | 0 | [3] | 0 | [3] | 0 | [3] |
Nonrecurring Basis [Member] | Company Determined Market Prices [Member] | ' | ' | ' | |||
Impaired Loans [Abstract] | ' | ' | ' | |||
Agricultural | 120 | [4] | 120 | [4] | 0 | [4] |
Commercial and financial | 1,855 | [4] | 1,855 | [4] | 2,130 | [4] |
Real Estate [Abstract] | ' | ' | ' | |||
Construction, 1 to 4 family residential | 140 | [4] | 140 | [4] | 714 | [4] |
Construction land development and commercial | 1,582 | [4] | 1,582 | [4] | 2,264 | [4] |
Mortgage farmland | 455 | [4] | 455 | [4] | 806 | [4] |
Mortgage 1 To 4 family first liens | 4,186 | [4] | 4,186 | [4] | 3,155 | [4] |
Mortgage 1 To 4 family junior liens | 264 | [4] | 264 | [4] | 320 | [4] |
Mortgage multi family | 5,919 | [4] | 5,919 | [4] | 8,117 | [4] |
Mortgage commercial | 11,775 | [4] | 11,775 | [4] | 11,879 | [4] |
Loans to individuals | 11 | [4] | 11 | [4] | 0 | [4] |
Foreclosed assets | 250 | [4] | 250 | [4] | 234 | [4] |
Total financial instrument assets | 26,557 | [4] | 26,557 | [4] | 29,619 | [4] |
Agricultural [Member] | Nonrecurring Basis [Member] | ' | ' | ' | |||
Real Estate [Abstract] | ' | ' | ' | |||
Total Losses | 0 | 0 | 0 | |||
Commercial and financial [Member] | Nonrecurring Basis [Member] | ' | ' | ' | |||
Real Estate [Abstract] | ' | ' | ' | |||
Total Losses | 0 | 5 | 302 | |||
Real Estate: Construction, land development and commercial [Member] | Nonrecurring Basis [Member] | ' | ' | ' | |||
Real Estate [Abstract] | ' | ' | ' | |||
Total Losses | 0 | 0 | 1,176 | |||
Real Estate: Mortgage, farmland [Member] | Nonrecurring Basis [Member] | ' | ' | ' | |||
Real Estate [Abstract] | ' | ' | ' | |||
Total Losses | 0 | 0 | 0 | |||
Real Estate: Construction, 1 to 4 family residential [Member] | Nonrecurring Basis [Member] | ' | ' | ' | |||
Real Estate [Abstract] | ' | ' | ' | |||
Total Losses | 0 | 0 | 0 | |||
Real Estate: Mortgage, 1 to 4 family first liens [Member] | Nonrecurring Basis [Member] | ' | ' | ' | |||
Real Estate [Abstract] | ' | ' | ' | |||
Total Losses | 72 | 317 | 665 | |||
Real Estate: Mortgage, 1 to 4 family junior liens [Member] | Nonrecurring Basis [Member] | ' | ' | ' | |||
Real Estate [Abstract] | ' | ' | ' | |||
Total Losses | 0 | 59 | 82 | |||
Real Estate: Mortgage, multi-family [Member] | Nonrecurring Basis [Member] | ' | ' | ' | |||
Real Estate [Abstract] | ' | ' | ' | |||
Total Losses | 41 | 41 | 0 | |||
Real Estate: Mortgage, commercial [Member] | Nonrecurring Basis [Member] | ' | ' | ' | |||
Real Estate [Abstract] | ' | ' | ' | |||
Total Losses | 0 | 229 | 210 | |||
Loans to individuals [Member] | Nonrecurring Basis [Member] | ' | ' | ' | |||
Real Estate [Abstract] | ' | ' | ' | |||
Total Losses | 0 | 0 | 12 | |||
Foreclosed assets [Member] | Nonrecurring Basis [Member] | ' | ' | ' | |||
Real Estate [Abstract] | ' | ' | ' | |||
Total Losses | $23 | $23 | $164 | |||
[1] | Considered Level 1 under Accounting Standards Codification (bASCb) Topic 820, Fair Value Measurements and Disclosures (bASC 820b). | |||||
[2] | Considered Level 1 under ASC 820. | |||||
[3] | Considered Level 2 under ASC 820. | |||||
[4] | Considered Level 3 under ASC 820 and are based on valuation models that use significant assumptions that are not observable in an active market. |
Stock_Repurchase_Program_Detai
Stock Repurchase Program (Details) (USD $) | 3 Months Ended | 9 Months Ended | 98 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Stock Repurchase Program [Abstract] | ' | ' | ' | ' |
Maximum number of share authorized to repurchase under the program (in shares) | 750,000 | 750,000 | ' | 750,000 |
Common stock purchased during the period (in shares) | 4,208 | 13,601 | 25,990 | 341,666 |
Average price per share (in dollars per share) | $72.68 | ' | ' | ' |
Commitments_and_Contingencies_1
Commitments and Contingencies (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Home equity loans [Member] | ' | ' |
Firm loan commitments and unused portion of lines of credit [Abstract] | ' | ' |
Total financial instrument liabilities with off-balance-sheet risk | $37,858,000 | $36,030,000 |
Credit cards [Member] | ' | ' |
Firm loan commitments and unused portion of lines of credit [Abstract] | ' | ' |
Total financial instrument liabilities with off-balance-sheet risk | 42,440,000 | 44,554,000 |
Commercial, real estate and home construction [Member] | ' | ' |
Firm loan commitments and unused portion of lines of credit [Abstract] | ' | ' |
Total financial instrument liabilities with off-balance-sheet risk | 111,696,000 | 96,326,000 |
Commercial lines and real estate purchase loan [Member] | ' | ' |
Firm loan commitments and unused portion of lines of credit [Abstract] | ' | ' |
Total financial instrument liabilities with off-balance-sheet risk | 170,991,000 | 167,210,000 |
Outstanding letters of credit [Member] | ' | ' |
Firm loan commitments and unused portion of lines of credit [Abstract] | ' | ' |
Total financial instrument liabilities with off-balance-sheet risk | 11,229,000 | 10,778,000 |
State and political subdivisions [Member] | ' | ' |
Concentration Risk [Line Items] | ' | ' |
Investment in securities issued by state and political subdivisions within the state of Iowa | $61,820,000 | ' |
Income_Taxes_Details
Income Taxes (Details) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Income Tax Examination [Line Items] | ' | ' |
Effective tax rate (in hundredths) | 29.61% | 28.97% |
Internal Revenue Service [Member] | ' | ' |
Income Tax Examination [Line Items] | ' | ' |
Income tax year, under examination | 'December 31, 2012, 2011, and 2010 | ' |
State Tax [Member] | ' | ' |
Income Tax Examination [Line Items] | ' | ' |
Income tax year, under examination | 'December 31, 2012, 2011, and 2010 | ' |
Subsequent_Event_Details
Subsequent Event (Details) (Subsequent Event [Member], USD $) | Dec. 31, 2013 |
In Millions, unless otherwise specified | Swap |
Subsequent Event [Member] | ' |
Subsequent Event [Line Items] | ' |
Number of interest rate swaps | 2 |
Notional amount of interest rate swap | $25 |
Amount of hedged variable debt | $50 |