Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Mar. 03, 2014 | Jun. 30, 2013 | |
Document And Entity Information [Abstract] | ' | ' | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Entity Registrant Name | 'CNB FINANCIAL CORP/PA | ' | ' |
Entity Central Index Key | '0000736772 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 14,464,041 | ' |
Entity Public Float | ' | ' | $198,933,179 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $25,769 | $28,570 |
Interest bearing deposits with other banks | 3,864 | 3,311 |
Total cash and cash equivalents | 29,633 | 31,881 |
Interest bearing time deposits with other banks | 275 | 225 |
Securities available for sale | 685,991 | 737,311 |
Trading securities | 4,127 | 4,459 |
Loans held for sale | 487 | 2,398 |
Loans | 1,299,259 | 931,225 |
Less: unearned discount | -3,896 | -3,401 |
Less: allowance for loan losses | -16,234 | -14,060 |
Net loans | 1,279,129 | 913,764 |
FHLB and other equity interests | 7,533 | 6,684 |
Premises and equipment, net | 31,589 | 24,072 |
Bank owned life insurance | 33,804 | 27,645 |
Mortgage servicing rights | 904 | 714 |
Goodwill | 27,194 | 10,946 |
Core deposit intangible | 4,583 | ' |
Accrued interest receivable and other assets | 26,040 | 12,980 |
Total assets | 2,131,289 | 1,773,079 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ' | ' |
Non-interest bearing deposits | 221,293 | 175,239 |
Interest bearing deposits | 1,614,021 | 1,309,764 |
Total deposits | 1,835,314 | 1,485,003 |
FHLB and other long-term borrowings | 75,000 | 74,296 |
Other short-term borrowings | 12,950 | 23,510 |
Subordinated debentures | 20,620 | 20,620 |
Accrued interest payable and other liabilities | 22,494 | 24,286 |
Total liabilities | 1,966,378 | 1,627,715 |
Common stock, $0 par value; authorized 50,000,000 shares; issued 14,473,482 shares at December 31, 2013 and 12,599,603 shares at December 31, 2012 | 0 | 0 |
Additional paid in capital | 77,923 | 44,223 |
Retained earnings | 97,066 | 88,960 |
Treasury stock, at cost (45,702 shares for 2013 and 123,699 for 2012) | -633 | -1,743 |
Accumulated other comprehensive income (loss) | -9,445 | 13,924 |
Total shareholders' equity | 164,911 | 145,364 |
Total Liabilities and Shareholders' Equity | $2,131,289 | $1,773,079 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Statement Of Financial Position [Abstract] | ' | ' |
Common stock, par value | $0 | $0 |
Common stock, shares authorized | 50,000,000 | 50,000,000 |
Common stock, shares issued | 14,473,482 | 12,599,603 |
Treasury stock, shares | 45,702 | 123,699 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income and Comprehensive Income (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Interest and Dividend Income: | ' | ' | ' |
Loans including fees | $53,927 | $49,760 | $48,324 |
Securities: | ' | ' | ' |
Taxable | 13,456 | 14,688 | 14,395 |
Tax-exempt | 3,828 | 3,595 | 2,957 |
Dividends | 205 | 86 | 36 |
Total interest and dividend income | 71,416 | 68,129 | 65,712 |
Interest Expense: | ' | ' | ' |
Deposits | 7,995 | 10,875 | 13,625 |
Borrowed funds | 3,447 | 3,245 | 3,176 |
Subordinated debentures (includes $400, $390, and $402 accumulated other comprehensive income reclassification for change in fair value of interest rate swap agreements in 2013, 2012, and 2011) | 770 | 800 | 778 |
Total interest expense | 12,212 | 14,920 | 17,579 |
Net Interest Income | 59,204 | 53,209 | 48,133 |
Provision for loan losses | 6,138 | 6,381 | 4,937 |
Net Interest Income After Provision for Loan Losses | 53,066 | 46,828 | 43,196 |
Non-Interest Income: | ' | ' | ' |
Wealth and asset management fees | 2,426 | 1,819 | 1,691 |
Service charges on deposit accounts | 4,272 | 4,106 | 4,233 |
Other service charges and fees | 2,179 | 1,868 | 1,626 |
Net realized gains on trading securities | 579 | 298 | 30 |
Net unrealized gains on trading securities | 149 | 266 | 34 |
Mortgage banking | 940 | 990 | 735 |
Bank owned life insurance | 1,552 | 973 | 930 |
Other | 1,314 | 965 | 1,224 |
Total Fees and Commissions | 13,411 | 11,285 | 10,503 |
Total other-than-temporary impairment losses on available-for-sale securities | 0 | 0 | -398 |
Less portion of loss recognized in other comprehensive income | 0 | 0 | 0 |
Net impairment losses recognized in earnings | 0 | 0 | -398 |
Net realized gains on available-for-sale securities (includes $355, $1,379, and $614 accumulated other comprehensive income reclassifications for net realized gains on available-for-sale securities in 2013, 2012, and 2011) | 355 | 1,379 | 614 |
Net impairment losses recognized in earnings and realized gains on available-for-sale securities | 355 | 1,379 | 216 |
Total non-interest income | 13,766 | 12,664 | 10,719 |
Non-Interest Expenses: | ' | ' | ' |
Salaries | 15,467 | 13,106 | 12,349 |
Employee benefits | 6,250 | 5,787 | 4,936 |
Net occupancy expense | 5,506 | 4,651 | 4,416 |
Amortization of core deposit intangible | 251 | 0 | 0 |
Data processing | 3,469 | 2,791 | 2,754 |
State and local taxes | 1,549 | 1,474 | 1,275 |
Legal, professional and examination fees | 1,318 | 1,265 | 956 |
Advertising | 939 | 859 | 822 |
FDIC insurance | 1,266 | 1,115 | 1,259 |
Directors fees and benefits | 776 | 666 | 591 |
Merger costs | 2,396 | 0 | 0 |
Other | 4,626 | 4,231 | 3,924 |
Total non-interest expenses | 43,813 | 35,945 | 33,282 |
Income Before Income Taxes | 23,019 | 23,547 | 20,633 |
Income Tax Expense (includes ($16), $346, and $74 income tax expense reclassification items in 2013, 2012, and 2011) | 6,340 | 6,411 | 5,529 |
Net Income | 16,679 | 17,136 | 15,104 |
Other Comprehensive Income (Loss): | ' | ' | ' |
Net change in unrealized gains/losses on available-for-sale securities, net of reclassification and tax | -23,675 | 3,561 | 14,441 |
Change in actuarial gain, net of amortization and tax, for post-employment health care plan, net of tax | -103 | -349 | -485 |
Change in fair value of interest rate swap agreements designated as a cash flow hedge, net of tax | 409 | -49 | -522 |
Total other comprehensive income (loss) | -23,369 | 3,163 | 13,434 |
Comprehensive Income (Loss) | ($6,690) | $20,299 | $28,538 |
Earnings Per Share: | ' | ' | ' |
Basic | $1.29 | $1.38 | $1.23 |
Diluted | $1.29 | $1.38 | $1.23 |
Consolidated_Statements_of_Inc1
Consolidated Statements of Income and Comprehensive Income (Parenthetical) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Statement [Abstract] | ' | ' | ' |
Accumulated other comprehensive income reclassification for change in fair value of interest rate swap agreements | $400 | $390 | $402 |
Accumulated other comprehensive income reclassifications for net realized gains on available-for-sale securities | 355 | 1,379 | 614 |
Income tax expense reclassification | ($16) | $346 | $74 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash Flows From Operating Activities: | ' | ' | ' |
Net income | $16,679 | $17,136 | $15,104 |
Adjustments to reconcile net income to net cash provided by operations: | ' | ' | ' |
Provision for loan losses | 6,138 | 6,381 | 4,937 |
Depreciation and amortization of premises and equipment, core deposit intangible, and mortgage servicing rights | 2,641 | 2,225 | 2,075 |
Amortization and accretion of securities premiums and discounts, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income | 3,541 | 4,509 | 2,786 |
Deferred taxes | -977 | -240 | 441 |
Net impairment losses realized in earnings and realized gains on sales of available-for-sale securities | -355 | -1,379 | -216 |
Net realized and unrealized gains on trading securities | -728 | -564 | -64 |
Proceeds from sale of trading securities | 5,811 | 3,386 | 343 |
Purchase of trading securities | -4,671 | -4,187 | -1,266 |
Gain on sale of loans | -808 | -927 | -638 |
Net gains on dispositions of premises and equipment and foreclosed assets | -252 | -158 | -104 |
Proceeds from sale of loans | 22,252 | 32,512 | 23,324 |
Origination of loans held for sale | -19,883 | -32,626 | -19,927 |
Income on bank owned life insurance | -1,552 | -973 | -930 |
Stock-based compensation expense | 390 | 277 | 213 |
Contribution of treasury stock | 120 | 120 | 120 |
Changes in: | ' | ' | ' |
Accrued interest receivable and other assets | -3,124 | -455 | -1,342 |
Accrued interest payable and other liabilities | 8,387 | 2,523 | 5,529 |
Net Cash Provided By Operating Activities | 33,609 | 27,560 | 30,385 |
Cash Flows from Investing Activities: | ' | ' | ' |
Net (increase) decrease in interest bearing time deposits with other banks | -50 | -1 | 2,593 |
Proceeds from maturities, prepayments and calls of available-for-sale securities | 139,863 | 109,673 | 101,178 |
Proceeds from sales of available-for-sale securities | 35,633 | 125,579 | 69,740 |
Purchase of available-for-sale securities | -130,412 | -332,155 | -288,757 |
Loan origination and payments, net | -124,155 | -82,393 | -58,552 |
Purchase of bank owned life insurance | -2,000 | -1,000 | -5,000 |
Proceeds from death benefits associated with bank owned life insurance | 1,348 | 0 | 0 |
Net cash acquired from FC Banc Corp. | 46,982 | 0 | 0 |
Acquisition of consumer discount company | 0 | -1,248 | 0 |
Redemption (purchase) of FHLB and other equity interests | 940 | -147 | -122 |
Purchase of premises and equipment | -5,336 | -2,016 | -1,705 |
Proceeds from the sale of premises and equipment and foreclosed assets | 735 | 1,088 | 257 |
Net Cash Used In Investing Activities | -36,452 | -182,620 | -180,368 |
Net change in: | ' | ' | ' |
Checking, money market and savings accounts | 48,680 | 186,262 | 292,369 |
Certificates of deposit | -30,395 | -55,110 | -101,386 |
Proceeds from sale of treasury stock | 41 | 526 | 1,188 |
Proceeds from exercise of stock options | 698 | 424 | 259 |
Cash dividends paid | -8,573 | -8,214 | -8,125 |
Proceeds from long-term borrowings | 900 | 0 | 700 |
Repayments on long-term borrowings | -196 | -160 | -133 |
Net change in short-term borrowings | -10,560 | 23,510 | -32,618 |
Net Cash Provided By (Used In) Financing Activities | 595 | 147,238 | 152,254 |
Net (Decrease) Increase in Cash and Cash Equivalents | -2,248 | -7,822 | 2,271 |
Cash and Cash Equivalents, Beginning | 31,881 | 39,703 | 37,432 |
Cash and Cash Equivalents, Ending | 29,633 | 31,881 | 39,703 |
Cash paid during the period for: | ' | ' | ' |
Interest | 12,283 | 15,205 | 17,937 |
Income taxes | 5,529 | 7,548 | 3,991 |
Supplemental Noncash Disclosures: | ' | ' | ' |
Transfers to other real estate owned | 1,151 | 750 | 249 |
Grant of restricted stock awards from treasury stock | 539 | 419 | 266 |
Net liabilities assumed from FC Banc Corp., excluding cash and cash equivalents | 29,669 | 0 | 0 |
Fair value of common stock issued in connection with acquisition of FC Banc Corp. | $33,561 | $0 | $0 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Shareholders' Equity (USD $) | Total | Additional Paid-In Capital [Member] | Retained Earnings [Member] | Treasury Stock [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
In Thousands | |||||
Beginning balance at Dec. 31, 2010 | $109,645 | $44,676 | $73,059 | ($5,417) | ($2,673) |
Net income | 15,104 | ' | 15,104 | ' | ' |
Other comprehensive income (loss) | 13,434 | ' | ' | ' | 13,434 |
Restricted stock award grants | ' | -266 | ' | 266 | ' |
Forfeiture of restricted stock award grants | ' | 22 | ' | -22 | ' |
Exercise of stock options, including tax benefit | 310 | -133 | ' | 443 | ' |
Stock based compensation expense | 213 | 213 | ' | ' | ' |
Reissue of treasury stock | 1,308 | -162 | ' | 1,470 | ' |
Cash dividends declared ($0.66 per share) | -8,125 | ' | -8,125 | ' | ' |
Ending balance at Dec. 31, 2011 | 131,889 | 44,350 | 80,038 | -3,260 | 10,761 |
Net income | 17,136 | ' | 17,136 | ' | ' |
Other comprehensive income (loss) | 3,163 | ' | ' | ' | 3,163 |
Restricted stock award grants | ' | -419 | ' | 419 | ' |
Exercise of stock options, including tax benefit | 464 | -27 | ' | 491 | ' |
Stock based compensation expense | 277 | 277 | ' | ' | ' |
Reissue of treasury stock | 649 | 42 | ' | 607 | ' |
Cash dividends declared ($0.66 per share) | -8,214 | ' | -8,214 | ' | ' |
Ending balance at Dec. 31, 2012 | 145,364 | 44,223 | 88,960 | -1,743 | 13,924 |
Net income | 16,679 | ' | 16,679 | ' | ' |
Other comprehensive income (loss) | -23,369 | ' | ' | ' | -23,369 |
Common stock issued in acquisition | 33,561 | 33,561 | ' | ' | ' |
Restricted stock award grants | ' | -471 | ' | 471 | ' |
Exercise of stock options, including tax benefit | 733 | 182 | ' | 551 | ' |
Stock based compensation expense | 390 | 390 | ' | ' | ' |
Reissue of treasury stock | 126 | 38 | ' | 88 | ' |
Cash dividends declared ($0.66 per share) | -8,573 | ' | -8,573 | ' | ' |
Ending balance at Dec. 31, 2013 | $164,911 | $77,923 | $97,066 | ($633) | ($9,445) |
Consolidated_Statements_of_Cha1
Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Common stock issued in acquisition, shares | 1,873,879 | ' | ' |
Exercise of stock options, shares, including tax benefit | 40,000 | 31,875 | 28,750 |
Reissue of treasury stock, shares | 6,497 | 39,811 | 94,895 |
Cash dividends declared, per share | $0.66 | $0.66 | $0.66 |
Additional Paid-In Capital [Member] | ' | ' | ' |
Common stock issued in acquisition, shares | 1,873,879 | ' | ' |
Restricted stock award grants shares | 31,500 | 26,900 | 17,900 |
Forfeiture of restricted stock award grants, shares | ' | ' | 1,488 |
Exercise of stock options, shares, including tax benefit | 40,000 | 31,875 | 28,750 |
Reissue of treasury stock, shares | 6,497 | 39,811 | 94,895 |
Retained Earnings [Member] | ' | ' | ' |
Cash dividends declared, per share | $0.66 | $0.66 | $0.66 |
Treasury Stock [Member] | ' | ' | ' |
Restricted stock award grants shares | 31,500 | 26,900 | 17,900 |
Forfeiture of restricted stock award grants, shares | ' | ' | 1,488 |
Exercise of stock options, shares, including tax benefit | 40,000 | 31,875 | 28,750 |
Reissue of treasury stock, shares | 6,497 | 39,811 | 94,895 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Accounting Policies [Abstract] | ' | |||
Summary of Significant Accounting Policies | ' | |||
1. Summary of Significant Accounting Policies | ||||
Unless otherwise indicated, dollar amounts are in thousands, except per share data. | ||||
Business and Organization | ||||
CNB Financial Corporation (the “Corporation”) is headquartered in Clearfield, Pennsylvania, and provides a full range of banking and related services through its wholly owned subsidiary, CNB Bank (the “Bank”). In addition, the Bank provides trust and asset management services, including the administration of trusts and estates, retirement plans, and other employee benefit plans as well as a full range of wealth management services. The Bank serves individual and corporate customers and is subject to competition from other financial institutions and intermediaries with respect to these services. In addition to the Bank, the Corporation also operates a consumer discount loan and finance business through its wholly owned subsidiary, Holiday Financial Services Corporation (“Holiday”). The Corporation and these and its other subsidiaries are subject to examination by federal and state regulators. The Corporation’s market area is primarily concentrated in the central and northwest regions of the Commonwealth of Pennsylvania and in the central region of the state of Ohio. | ||||
Basis of Financial Presentation | ||||
The financial statements are consolidated to include the accounts of the Corporation and the Bank, CNB Securities Corporation, Holiday, County Reinsurance Company, and CNB Insurance Agency. All significant intercompany accounts and transactions have been eliminated in the consolidated financial statements. | ||||
Use of Estimates | ||||
To prepare financial statements in conformity with accounting principles generally accepted in the U.S., management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and actual results could differ. The allowance for loan losses, carrying value of goodwill, mortgage servicing rights, fair value of assets acquired and liabilities assumed in connection with business combinations and fair values of securities and other financial instruments are particularly subject to change. | ||||
Operating Segments | ||||
While the chief decision-makers monitor the revenue streams of the various products and services, operations are managed and financial performance is evaluated on a Corporation-wide basis, and operating segments are aggregated into one as operating results for all segments are similar. Accordingly, all of the financial service operations are considered by management to be aggregated in one reportable operating segment. | ||||
Interest Bearing Time Deposits with Other Banks | ||||
Interest-bearing deposits in other financial institutions mature within one year and are carried at cost. | ||||
Securities | ||||
When purchased, securities are classified as held to maturity, trading or available for sale. Debt securities are classified as held to maturity when the Corporation has the positive intent and ability to hold the securities to maturity. Held to maturity securities are carried at amortized cost. Debt or equity securities are classified as trading when purchased principally for the purpose of selling them in the near term, or when the fair value option has been elected. Trading securities are recorded at fair value with changes in fair value included in earnings in non-interest income. Available for sale securities are those securities not classified as held to maturity or trading and are carried at their fair value. Unrealized gains and losses, net of deferred tax, on securities classified as available for sale are recorded as other comprehensive income. Management has not classified any debt securities as held to maturity. | ||||
The amortized cost of debt securities classified as held to maturity or available for sale is adjusted for the amortization of premiums and the accretion of discounts over the period through contractual maturity or, in the case of mortgage-backed securities and collateralized mortgage obligations, over the estimated life of the security. Such amortization is included in interest income from securities. Gains and losses on securities sold are recorded on the trade date and based on the specific identification method. | ||||
Declines in the fair value of debt securities below their cost that are other than temporary and attributable to credit losses are reflected in earnings. Other-than-temporary impairment losses that are not attributable to credit losses are reported as a component of accumulated other comprehensive income. In estimating other-than-temporary losses, management considers: the length of time and extent that fair value has been less than cost, the financial condition and near term prospects of the issuer, and the Corporation’s intent to sell, or whether it is more likely than not that it will be required to sell a security in an unrealized loss position before recovery of its amortized cost basis. If the Corporation intends to sell a security or it is more likely than not it will be required to sell a security before recovery of its amortized cost basis, the entire difference between amortized cost and fair value is recognized as impairment through earnings. | ||||
Loans | ||||
Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding. | ||||
Interest income is reported on the interest method and includes amortization of net deferred loan fees and costs over the loan term. Interest income on commercial, industrial, and agricultural loans, commercial mortgage loans, and residential real estate loans is discontinued at the time the loan is 90 days delinquent unless the credit is well-secured and in process of collection. Consumer loans are typically charged off no later than 180 days past due. Past due status is based on the contractual terms of the loan. Loans, including loans modified in a troubled debt restructuring, are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. Nonaccrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. | ||||
All interest accrued but not received on loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. For all portfolio segments, loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. | ||||
Concentration of Credit Risk | ||||
Most of the Corporation’s business activity is with customers located within the Commonwealth of Pennsylvania and the state of Ohio. Therefore, the Corporation’s exposure to credit risk is significantly affected by changes in the economies of Pennsylvania and Ohio. | ||||
Purchased Credit Impaired Loans | ||||
The Corporation purchased loans in connection with its acquisition of FC Banc Corp. in 2013, some of which have shown evidence of credit deterioration since origination. These purchased credit impaired loans are recorded at the amount paid, such that there is no carryover of the seller’s allowance for loan losses. After acquisition, losses are recognized by an increase in the allowance for loan losses. | ||||
Such purchased credit impaired loans are accounted for individually, and the Corporation estimates the amount and timing of expected cash flows for each loan. The expected cash flows in excess of the amount paid is recorded as interest income over the remaining life of the loan (accretable yield). The excess of the loan’s contractual principal and interest over expected cash flows is not recorded (nonaccretable difference). | ||||
Over the life of the loan, expected cash flows continue to be estimated. If the present value of expected cash flows is less than the carrying amount, a loss is recorded. If the present value of the expected cash flows is greater than the carrying amount, it is recognized as part of future interest income. | ||||
For loans purchased that did not show evidence of credit deterioration, the difference between the fair value of the loan at the acquisition date and the loan’s face value is being amortized as a yield adjustment over the estimated remaining life of the loan using the effective interest method. | ||||
Loans Held for Sale | ||||
Loans originated and intended for sale in the secondary market are carried at the lower of aggregate cost or fair value, as determined by outstanding commitments from investors. Net unrealized losses, if any, are recorded as a valuation allowance and charged to earnings. | ||||
Mortgage loans held for sale are generally sold with servicing rights retained. The carrying value of the mortgage loan sold is reduced by the amount allocated to the servicing right. Gains and losses on sales of mortgage loans are based on the difference between the selling price and the carrying value of the related loan sold. | ||||
Allowance for Loan Losses | ||||
The allowance for loan losses is a valuation allowance for probable incurred credit losses. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance account. | ||||
Management determines the adequacy of the allowance based on historical patterns of charge-offs and recoveries, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, industry experience, economic conditions, and other qualitative factors relevant to the collectability of the loan portfolio. While management believes that the allowance is adequate to absorb probable loan losses incurred at the balance sheet date, future adjustments may be necessary due to circumstances that differ substantially from the assumptions used in evaluating the adequacy of the allowance for loan losses. | ||||
The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired or loans otherwise classified as substandard or doubtful. A loan is impaired when, based on current information and events, it is probable that the Corporation will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans for which the terms have been modified, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings and classified as impaired. | ||||
Commercial and commercial real estate loans are individually evaluated for impairment. If a loan is impaired, a portion of the allowance is allocated so that the loan is reported, net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the collateral. Large groups of smaller balance homogeneous loans, such as consumer and residential real estate loans, are collectively evaluated for impairment, and accordingly, they are not separately identified for impairment disclosures. Troubled debt restructurings are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a troubled debt restructuring is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For troubled debt restructurings that subsequently default, the Corporation determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses. | ||||
The general component of the allowance for loan losses covers non-impaired loans and is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Corporation over the most recent 2 years. This actual loss experience is supplemented with other factors based on the risks present for each portfolio segment. These historical loss factors include consideration of the following: levels of and trends in delinquencies, non-accrual loans, and classified loans; trends in volume and terms of loans; effects of any changes in lending policies and procedures; experience, ability, and depth of management; national and local economic trends and conditions; and concentrations of credit. | ||||
The following portfolio segments, which are the same as the Corporation’s portfolio classifications and associated risk characteristics, have been identified: | ||||
— | Commercial, industrial, and agricultural – risk characteristics include recession-like economic conditions in many of the markets served by the Corporation and high levels of unemployment, which has caused consumer spending to slow. | |||
— | Commercial mortgages – the most significant risk characteristic is the subjectivity involved in real estate valuations for properties located in areas with stagnant or low growth economies. | |||
— | Residential real estate – risk characteristics include higher than historical levels of delinquencies and a weakened housing market. | |||
— | Consumer – risk characteristics include continuing weakness in industrial employment in many of the markets served by the Corporation and inflation. | |||
— | Credit cards – the most significant risk characteristic is the unsecured nature of credit card loans. | |||
— | Overdrafts – risk characteristics include the Corporation’s continued deposit growth and overall economic conditions which may lead to a greater likelihood of overdrawn deposit accounts. | |||
Acquired loans were recorded at fair value with no carryover of the related allowance for loan losses. Premiums and discounts recognized on acquired loans are recognized in earnings using the interest method. Credit losses on the acquired loan portfolio will be charged against the allowance for loan losses as incurred. | ||||
Federal Home Loan Bank (FHLB) Stock | ||||
As a member of the Federal Home Loan Bank of Pittsburgh (“FHLB”), the Corporation is required to purchase and hold stock in the FHLB to satisfy membership and borrowing requirements. This stock is restricted in that it can only be sold to the FHLB or to another member institution, and all sales of FHLB stock must be at par. As a result of these restrictions, FHLB stock is unlike other investment securities insofar as there is no trading market for FHLB stock and the transfer price is determined by FHLB membership rules and not by market participants. | ||||
FHLB stock is held as a long-term investment, is valued at its cost basis and is analyzed for impairment based on the ultimate recoverability of the par value. The Company evaluates impairment quarterly. The decision of whether impairment exists is a matter of judgment that reflects our view of the FHLB’s long-term performance, which includes factors such as the following: | ||||
— | its operating performance; | |||
— | the severity and duration of declines in the fair value of its net assets related to its capital stock amount; | |||
— | its commitment to make payments required by law or regulation and the level of such payments in relation to its operating performance; | |||
— | the impact of legislative and regulatory changes on the FHLB, and accordingly, on the members of FHLB; and | |||
— | its liquidity and funding position. | |||
Premises and Equipment | ||||
Premises and equipment are stated at cost less accumulated depreciation. Depreciation of premises and equipment is computed principally by the straight line method. In general, useful lives range from 3 to 39 years with lives for furniture, fixtures and equipment ranging from 3 to 10 years and lives of buildings and building improvements ranging from 15 to 39 years. Amortization of leasehold improvements is computed using the straight-line method over useful lives of the leasehold improvements or the term of the lease, whichever is shorter. Maintenance, repairs and minor renewals are charged to expense as incurred. | ||||
Foreclosed Assets | ||||
Assets acquired through or in lieu of loan foreclosure are initially recorded at fair value less estimated selling costs when acquired, establishing a new cost basis, and are them carried at the lower of cost or fair value. If fair value declines, a valuation allowance is recorded through expense. Costs after acquisition are expensed. | ||||
Bank Owned Life Insurance | ||||
The Corporation has purchased life insurance policies on certain key executives. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. | ||||
Goodwill and Other Intangible Assets | ||||
Goodwill resulting from business combinations prior to January 1, 2009 represents the excess of the purchase price over the fair value of the net assets of businesses acquired. Goodwill resulting from business combinations after January 1, 2009 is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interest in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a purchase business combination and determined to have an indefinite useful life are not amortized, but tested for impairment at least annually or more frequently if events and circumstances exist that indicate an impairment test should be performed. | ||||
The Corporation has selected December 31 as the date to perform the annual impairment test. Intangible assets with definite useful lives are amortized over their estimated useful lives. Goodwill is the only intangible asset with an indefinite life on the Corporation’s balance sheet. Other intangible assets consist of a core deposit intangible asset arising from the acquisition of FC Banc Corp. in 2013. The core deposit intangible asset is amortized using an accelerated method over its estimated useful life of 7 years. | ||||
Long-term Assets | ||||
Premises and equipment, goodwill and other intangible assets, and other long-term assets are reviewed for impairment when events indicate their carrying amount may not be recoverable from future undiscounted cash flows. If impaired, the assets are recorded at fair value. | ||||
Loan Commitments and Related Financial Instruments | ||||
Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. | ||||
Derivatives | ||||
Derivative financial instruments are recognized as assets or liabilities at fair value. The Corporation has interest rate swap agreements which are used as part of its asset liability management to help manage interest rate risk. The Corporation does not use derivatives for trading purposes. | ||||
At the inception of a derivative contract, the Corporation designates the derivative as one of three types based on the purpose of the contract and belief as to its effectiveness as a hedge. These three types are (1) a hedge of the fair value of a recognized asset or liability or of an unrecognized firm commitment (“fair value hedge”), (2) a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow hedge”), or (3) an instrument with no hedging designation (“stand-alone derivative”). For a fair value hedge, the gain or loss on the derivative, as well as the offsetting loss or gain on the hedged item, are recognized in current earnings as fair values change. For a cash flow hedge, the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. For both types of hedges, changes in the fair value of derivatives that are not highly effective in hedging the changes in fair value or expected cash flows of the hedged item are recognized immediately in current earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in earnings, as noninterest income. | ||||
Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. | ||||
The Corporation formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions, at the inception of the hedging relationship. This documentation includes linking fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Corporation also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in fair values or cash flows of the hedged items. The Corporation discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended. | ||||
When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as noninterest income. When a fair value hedge is discontinued, the hedged asset or liability is no longer adjusted for changes in fair value and the existing basis adjustment is amortized or accreted over the remaining life of the asset or liability. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings. | ||||
Advertising Costs | ||||
Advertising costs are generally expensed as incurred and amounted to $939, $859, and $822, for 2013, 2012 and 2011 respectively. | ||||
Mortgage Servicing Rights | ||||
Servicing rights are recognized separately when they are acquired through sales of loans. Servicing rights are initially recorded at fair value with the income statement effect recorded in gains on sales of loans. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. The Corporation compares the valuation model inputs and results to published industry data in order to validate the model results and assumptions. All classes of servicing assets are subsequently measured using the amortization method which requires servicing rights to be amortized into non-interest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. | ||||
Servicing rights are evaluated for impairment based upon the fair value of the rights as compared to carrying amount. Impairment is determined by stratifying rights into groupings based on predominant risk characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual grouping, to the extent that fair value is less than the carrying amount. If the Corporation later determines that all or a portion of the impairment no longer exists for a particular grouping, a reduction of the allowance may be recorded as an increase to income. Changes in valuation allowances are reported with mortgage banking income on the income statement. The fair values of servicing rights are subject to significant fluctuations as a result of changes in estimated and actual prepayment speeds and default rates and losses. | ||||
Servicing fee income, which is reported on the income statement as mortgage banking income, is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. The amortization of mortgage servicing rights is netted against loan servicing fee income. Late fees and ancillary fees related to loan servicing are not material. | ||||
Treasury Stock | ||||
The purchase of the Corporation’s common stock is recorded at cost. Purchases of the stock are made both in the open market and through negotiated private purchases based on market prices. At the date of subsequent reissue, the treasury stock account is reduced by the cost of such stock on a first-in-first-out basis. | ||||
Stock-Based Compensation | ||||
The Corporation has a stock incentive plan for key employees and independent directors. The Stock Incentive Plan, which is administered by a committee of the Board of Directors, provides for up to 500,000 shares of common stock in the form of nonqualified options or restricted stock. For key employees, the plan vesting schedule is one-fourth of granted stock-based awards per year beginning one year after the grant date with 100% vested on the fourth anniversary. For independent directors, the vesting schedule is one-third of granted stock-based awards per year beginning one year after the grant date with 100% vested on the third anniversary. | ||||
At December 31, 2013 and 2012, there was no unrecognized compensation cost related to nonvested stock options granted under this plan, and no stock options were granted during the years then ended. | ||||
During 2013, 2012 and 2011, the Executive Compensation and Personnel Committee of the Board of Directors granted a total of 31,500, 26,900 and 17,900 shares, respectively, of restricted common stock to certain key employees and all independent directors of the Corporation. Compensation expense for the restricted stock awards is recognized over the requisite service period based on the fair value of the shares at the date of grant on a straight-line basis. Unearned restricted stock awards are recorded as a reduction of shareholders’ equity until earned. Compensation expense resulting from these restricted stock awards was $390, $277 and $213 for the years ended December 31, 2013, 2012 and 2011, respectively. | ||||
Comprehensive Income | ||||
The Corporation presents comprehensive income as part of the Consolidated Statement of Income and Comprehensive Income. Other comprehensive income (loss) consists of unrealized holding gains (losses) on the available for sale securities portfolio, changes in the unrecognized actuarial gain and transition obligation related to the Corporation’s post retirement benefits plans, and changes in the fair value of the Corporation’s interest rate swaps. | ||||
Income Taxes | ||||
The Corporation files a consolidated U.S. income tax return that includes all subsidiaries except County Reinsurance Company which files a separate return. Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. | ||||
A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. | ||||
The Corporation recognizes interest and/or penalties related to income tax matters in income tax expense. | ||||
Retirement Plans | ||||
The Corporation’s expense associated with its 401(k) plan is determined under the provisions of the plan document and includes both matching and profit sharing components. Deferred compensation and supplemental retirement plan expenses allocate the benefits over years of service. | ||||
Earnings Per Share | ||||
Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of shares outstanding during the applicable period, excluding outstanding participating securities. Diluted earnings per share is computed using the weighted average number of shares determined for the basic computation plus the dilutive effect of potential common shares issuable under certain stock compensation plans. Unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and are included in the computation of earnings per share pursuant to the two-class method. The Corporation has determined that its outstanding non-vested stock awards are participating securities. | ||||
Cash and Cash Equivalents | ||||
For purposes of the consolidated statement of cash flows, the Corporation defines cash and cash equivalents as cash and due from banks, interest bearing deposits with other banks, and Federal funds sold. Net cash flows are reported for customer loan and deposit transactions, interest bearing time deposits with other banks and borrowings with original maturities of 90 days or less. | ||||
Restrictions on Cash | ||||
The Bank is required to maintain average reserve balances with the Federal Reserve Bank or in vault cash. The average amount of these non-interest bearing reserve balances for the year ended December 31, 2013 and 2012, was $50, which was maintained in vault cash. Note 12 to the consolidated financial statements discloses the cash collateral balances required to be maintained in connection with the Corporation’s interest rate swaps. | ||||
Loss Contingencies | ||||
Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there are any such matters that will have a material effect on the financial statements. | ||||
Fair Value of Financial Instruments | ||||
Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in a separate note. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates. | ||||
Adoption of New Accounting Standards | ||||
In February 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” (ASU 2013-02). ASU 2013-02 requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under U.S. GAAP that provide additional detail about these amounts. The effect of adopting ASU 2013-02 did not have a material effect on the Corporation’s financial statements. | ||||
In July 2013, the FASB issued Accounting Standards Update 2013-10, “Derivatives and Hedging (Topic 815), Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes” (ASU 2013-10). ASU 2013-10 was issued to permit the Fed Funds Effective Swap Rate to be used as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815, in addition to direct Treasury obligations of the U.S. Government and the London Interbank Offered Rate (LIBOR) swap rate. ASU 2013-10 is effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. The adoption of ASU 2013-10 did not have a material effect on the Corporation’s financial statements. | ||||
Effect of Newly Issued But Not Yet Effective Accounting Standards | ||||
In February 2013, the FASB issued Accounting Standards Update 2013-04, “Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date” (ASU 2013-04). ASU 2013-04 provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of the guidance is fixed at the reporting date, except for obligations addressed within existing guidance in U.S. GAAP. ASU 2013-04 is effective for reporting periods beginning after December 15, 2013. The effect of adopting ASU 2013-04 is not expected to have a material effect on the Corporation’s financial statements. | ||||
In July 2013, the FASB issued Accounting Standards Update 2013-11, “Income Taxes (Topic 740), Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (ASU 2013-11). ASU 2013-11 was issued to clarify the financial presentation of unrecognized tax benefits in the instances described. ASU 2013-11 is effective for reporting periods beginning after December 15, 2013. The effect of adopting ASU 2013-11 is not expected to have a material effect on the Corporation’s financial statements. | ||||
In January 2014, the FASB issued Accounting Standards Update 2014-04, “Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40)” (ASU 2014-04). The amendments in ASU 2014-04 clarify the circumstances under which an in substance repossession or foreclosure occurs and when a creditor is considered to have received physical possession of a residential real estate property collateralizing a residential real estate loan. The amendments in ASU 2014-04 also require interim and annual disclosure of the amount of foreclosed residential real estate property held by the creditor and the recorded investment in loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. ASU 2014-04 is effective for reporting periods beginning after December 15, 2014. The effect of adopting ASU 2014-04 is not expected to have a material effect on the Corporation’s financial statements. | ||||
Reclassifications | ||||
Certain prior year amounts have been reclassified for comparative purposes. |
Business_Combination
Business Combination | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Business Combinations [Abstract] | ' | ||||||||
Business Combination | ' | ||||||||
2. Business Combination | |||||||||
In the first quarter of 2013, the Corporation announced the signing of a definitive merger agreement to acquire 100% of the outstanding equity interests of FC Banc Corp. and its subsidiary, Farmers Citizens Bank, for $30.00 per share in cash and stock. Farmers Citizens Bank served the central Ohio markets of Bucyrus, Cardington, Fredericktown, Mount Hope and Shiloh, as well as the markets of Worthington and Upper Arlington in the greater Columbus, Ohio area, with 8 branch locations. The transaction closed on October 11, 2013 and resulted in consideration paid to FC Banc Corp. shareholders totaling approximately $41.6 million, comprised of approximately $8.0 million in cash and 1,873,879 shares of the Corporation’s common stock valued at approximately $33.6 million based on the October 11, 2013 closing price of $17.91 per share. FC Banc Corp. results of operations were included in the Corporation’s results beginning October 12, 2013. | |||||||||
The Corporation’s management and board of directors have periodically conducted strategic reviews as part of their ongoing efforts to improve the Corporation’s banking franchise and enhance shareholder value. In connection with these strategic reviews, the Corporation has considered potential acquisition targets, including banking institutions in Ohio. On March 26, 2013, the Corporation’s board of directors unanimously approved the merger transaction with FC Banc Corp. and authorized the Corporation’s management to execute and deliver the merger agreement. | |||||||||
As disclosed in the accompanying consolidated statements of income, the Corporation incurred merger costs of $2,396 during the year ended December 31, 2013. All merger costs have been expensed as incurred. | |||||||||
The following table summarizes the consideration paid for FC Banc Corp. and the amounts of the assets acquired and liabilities assumed that were recognized at the acquisition date: | |||||||||
Consideration paid: | |||||||||
Cash | $ | 8,013 | |||||||
Common stock | 33,561 | ||||||||
Fair value of total consideration transferred | 41,574 | ||||||||
Recognized amounts of identifiable assets acquired and liabilities assumed: | |||||||||
Cash and cash equivalents | 54,995 | ||||||||
Securities available for sale | 34,214 | ||||||||
Loans | 247,737 | ||||||||
FHLB and other equity interests | 1,789 | ||||||||
Premises and equipment | 4,328 | ||||||||
Bank owned life insurance | 3,955 | ||||||||
Mortgage servicing rights | 83 | ||||||||
Core deposit intangible | 4,834 | ||||||||
Accrued interest receivable and other assets | 8,093 | ||||||||
Total assets acquired | 360,028 | ||||||||
Demand deposits | 248,812 | ||||||||
Time deposits | 83,214 | ||||||||
Accrued interest payable and other liabilities | 2,676 | ||||||||
Total liabilities assumed | 334,702 | ||||||||
Total identifiable net assets | 25,326 | ||||||||
Goodwill | $ | 16,248 | |||||||
Included in accrued interest receivable and other assets is a deferred tax asset totaling $5,696 representing the tax effect of temporary differences between the tax basis and fair values assigned to the assets and liabilities, as well as the effect of FC Banc Corp.’s net operating loss carryfowards. See Note 13. | |||||||||
Acquired loans were recorded at fair value with no carryover of the related allowance for loan losses. Determining the fair value of loans involved estimating the amount and timing of principal and interest cash flows expected to be collected on the loans and discounting those cash flows at a market rate of interest. Loans acquired with evidence of credit quality deterioration totaled $2,225. The Corporation acquired $256,418 of gross loans, including purchased credit impaired loans, and recognized a net combined yield and credit mark of $8,681. | |||||||||
Goodwill of $16,248 arising from the acquisition consisted largely of synergies and the cost savings resulting from the combining of the operations of the Corporation and FC Banc Corp. None of the goodwill is expected to be deductible for income tax purposes. | |||||||||
The following table presents pro forma information as if the acquisition had occurred at the beginning of 2012: | |||||||||
2013 | 2012 | ||||||||
Net interest income | $ | 68,723 | $ | 65,786 | |||||
Net income | 17,589 | 20,125 | |||||||
Basic earnings per share | 1.23 | 1.41 | |||||||
Diluted earnings per share | 1.23 | 1.41 |
Earnings_Per_Share
Earnings Per Share | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Earnings Per Share | ' | ||||||||||||
3. Earnings Per Share | |||||||||||||
The computation of basic and diluted earnings per share is shown below (in thousands, except per share data). For the years ended December 31, 2012, and 2011, options to purchase 37,500 and 75,500 shares of common stock were not considered in computing diluted earnings per share because they were anti-dilutive. There were no anti-dilutive stock options for the year ended December 31, 2013. | |||||||||||||
Years Ended December 31 | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Basic earnings per common share computation | |||||||||||||
Net income per consolidated statements of income | $ | 16,679 | $ | 17,136 | $ | 15,104 | |||||||
Net earnings allocated to participating securities | (73 | ) | (62 | ) | (42 | ) | |||||||
Net earnings allocated to common stock | $ | 16,606 | $ | 17,074 | $ | 15,062 | |||||||
Distributed earnings allocated to common stock | $ | 8,532 | $ | 8,182 | $ | 8,101 | |||||||
Undistributed earnings allocated to common stock | 8,074 | 8,892 | 6,961 | ||||||||||
Net earnings allocated to common stock | $ | 16,606 | $ | 17,074 | $ | 15,062 | |||||||
Weighted average common shares outstanding, including shares considered participating securities | 12,929 | 12,441 | 12,306 | ||||||||||
Less: Average participating securities | (50 | ) | (41 | ) | (33 | ) | |||||||
Weighted average shares | 12,879 | 12,400 | 12,273 | ||||||||||
Basic earnings per common share | $ | 1.29 | $ | 1.38 | $ | 1.23 | |||||||
Diluted earnings per common share computation | |||||||||||||
Net earnings allocated to common stock | $ | 16,606 | $ | 17,074 | $ | 15,062 | |||||||
Weighted average common shares outstanding for basic earnings per common share | 12,879 | 12,400 | 12,273 | ||||||||||
Add: Dilutive effects of assumed exercises of stock options | 2 | 3 | 6 | ||||||||||
Weighted average shares and dilutive potential common shares | 12,881 | 12,403 | 12,279 | ||||||||||
Diluted earnings per common share | $ | 1.29 | $ | 1.38 | $ | 1.23 | |||||||
Securities
Securities | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||
Securities | ' | ||||||||||||||||||||||||||||||||
4. Securities | |||||||||||||||||||||||||||||||||
Securities available-for-sale at December 31, 2013 and 2012 are as follows: | |||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
Amortized | Unrealized | Fair | Amortized | Unrealized | Fair | ||||||||||||||||||||||||||||
Cost | Gains | Losses | Value | Cost | Gains | Losses | Value | ||||||||||||||||||||||||||
U.S. Treasury | $ 0 | $ 0 | $ 0 | $ 0 | $ 4,018 | $ 18 | $ | 0 | $4,036 | ||||||||||||||||||||||||
U.S. Gov’t sponsored entities | 185,205 | 2,894 | -6,474 | 181,625 | 157,965 | 5,977 | (161 | ) | 163,781 | ||||||||||||||||||||||||
State & political subdivisions | 176,490 | 3,770 | -2,317 | 177,943 | 170,223 | 11,113 | (57 | ) | 181,279 | ||||||||||||||||||||||||
Residential & multi-family mortgage | 248,017 | 2,410 | -7,820 | 242,607 | 308,800 | 8,724 | (702 | ) | 316,822 | ||||||||||||||||||||||||
Commercial mortgage | 385 | 0 | -11 | 374 | 1,275 | 29 | 0 | 1,304 | |||||||||||||||||||||||||
Corporate notes & bonds | 15,744 | 65 | -1,734 | 14,075 | 17,368 | 26 | (2,370 | ) | 15,024 | ||||||||||||||||||||||||
Pooled trust preferred | 800 | 0 | -139 | 661 | 800 | 0 | (200 | ) | 600 | ||||||||||||||||||||||||
Pooled SBA | 70,077 | 688 | -3,044 | 67,721 | 50,667 | 2,277 | (17 | ) | 52,927 | ||||||||||||||||||||||||
Other securities | 1,020 | 0 | -35 | 985 | 1,521 | 17 | 0 | 1,538 | |||||||||||||||||||||||||
Total | $697,738 | $9,827 | ($21,574) | $685,991 | $712,637 | $28,181 | ($3,507) | $737,311 | |||||||||||||||||||||||||
At December 31, 2013 and 2012, there were no holdings of securities by any one issuer, other than U.S. Government sponsored entities, in an amount greater than 10% of shareholders’ equity. The Corporation’s residential and multi-family mortgage securities are issued by government sponsored entities, and the Corporation holds one commercial mortgage security that is private label. | |||||||||||||||||||||||||||||||||
Trading securities at December 31, 2013 and 2012 are as follows: | |||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Corporate equity securities | $ | 2,705 | $ | 3,117 | |||||||||||||||||||||||||||||
Certificates of deposit | 253 | 408 | |||||||||||||||||||||||||||||||
International mutual funds | 259 | 287 | |||||||||||||||||||||||||||||||
Large cap growth mutual funds | 197 | 157 | |||||||||||||||||||||||||||||||
Money market mutual funds | 124 | 110 | |||||||||||||||||||||||||||||||
Large cap value mutual funds | 129 | 104 | |||||||||||||||||||||||||||||||
Corporate notes and bonds | 152 | 101 | |||||||||||||||||||||||||||||||
Real estate investment trust mutual funds | 39 | 65 | |||||||||||||||||||||||||||||||
U.S. Government sponsored entities | 52 | 58 | |||||||||||||||||||||||||||||||
Small cap mutual funds | 83 | 26 | |||||||||||||||||||||||||||||||
Mid cap mutual funds | 84 | 26 | |||||||||||||||||||||||||||||||
Commodities mutual funds | 50 | 0 | |||||||||||||||||||||||||||||||
Total | $ | 4,127 | $ | 4,459 | |||||||||||||||||||||||||||||
Securities with unrealized losses at December 31, 2013 and 2012, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows: | |||||||||||||||||||||||||||||||||
December 31, 2013 | Less than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||||||||||
Description of Securities | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||||||||||
U.S. Treasury | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||||||||||||||
U.S. Gov’t sponsored entities | 95,677 | (5,394 | ) | 17,964 | (1,080 | ) | 113,641 | (6,474 | ) | ||||||||||||||||||||||||
State & political subdivisions | 57,526 | (2,192 | ) | 5,324 | (125 | ) | 62,850 | (2,317 | ) | ||||||||||||||||||||||||
Residential & multi-family mortgage | 150,229 | (6,806 | ) | 16,608 | (1,014 | ) | 166,837 | (7,820 | ) | ||||||||||||||||||||||||
Commercial mortgage | 374 | (11 | ) | 0 | 0 | 374 | (11 | ) | |||||||||||||||||||||||||
Corporate notes & bonds | 0 | 0 | 9,662 | (1,734 | ) | 9,662 | (1,734 | ) | |||||||||||||||||||||||||
Pooled trust preferred | 0 | 0 | 661 | (139 | ) | 661 | (139 | ) | |||||||||||||||||||||||||
Pooled SBA | 36,842 | (2,296 | ) | 8,277 | (748 | ) | 45,119 | (3,044 | ) | ||||||||||||||||||||||||
Other securities | 985 | (35 | ) | 0 | 0 | 985 | (35 | ) | |||||||||||||||||||||||||
$ | 341,633 | $ | (16,734 | ) | $ | 58,496 | $ | (4,840 | ) | $ | 400,129 | $ | (21,574 | ) | |||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||
U.S. Treasury | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||||||||||||||
U.S. Gov’t sponsored entities | 41,715 | (161 | ) | 0 | 0 | 41,715 | (161 | ) | |||||||||||||||||||||||||
State & political subdivisions | 7,857 | (57 | ) | 0 | 0 | 7,857 | (57 | ) | |||||||||||||||||||||||||
Residential and multi-family mortgage | 32,159 | (688 | ) | 4,254 | (14 | ) | 36,413 | (702 | ) | ||||||||||||||||||||||||
Commercial mortgage | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||
Corporate notes & bonds | 0 | 0 | 13,002 | (2,370 | ) | 13,002 | (2,370 | ) | |||||||||||||||||||||||||
Pooled trust preferred | 0 | 0 | 600 | (200 | ) | 600 | (200 | ) | |||||||||||||||||||||||||
Pooled SBA | 3,521 | (17 | ) | 0 | 0 | 3,521 | (17 | ) | |||||||||||||||||||||||||
Other securities | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||
$ | 85,252 | $ | (923 | ) | $ | 17,856 | $ | (2,584 | ) | $ | 103,108 | $ | (3,507 | ) | |||||||||||||||||||
The Corporation evaluates securities for other-than-temporary impairment on a quarterly basis, or more frequently when economic or market conditions warrant such an evaluation. | |||||||||||||||||||||||||||||||||
The following table provides detailed information related to the Corporation’s structured pooled trust preferred securities as of December 31, 2013 and for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||||||||||||||||||||||
As of December 31, 2013 | Credit Losses Realized in | ||||||||||||||||||||||||||||||||
Earnings | |||||||||||||||||||||||||||||||||
Adjusted | Unrealized | Fair | Year Ended December 31, | ||||||||||||||||||||||||||||||
Amortized | |||||||||||||||||||||||||||||||||
Cost | Gain (Loss) | Value | 2013 | 2012 | 2011 | ||||||||||||||||||||||||||||
ALESCO Preferred Funding V, Ltd. | $ | 800 | $ | (139 | ) | $ | 661 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||||
ALESCO Preferred Funding XII, Ltd. | 0 | 0 | 0 | 0 | 0 | 280 | |||||||||||||||||||||||||||
ALESCO Preferred Funding XVII, Ltd. | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||
Preferred Term Securities XVI, Ltd. | 0 | 0 | 0 | 0 | 0 | 118 | |||||||||||||||||||||||||||
US Capital Funding VI, Ltd. | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||
Total | $ | 800 | $ | (139 | ) | $ | 661 | $ | 0 | $ | 0 | $ | 398 | ||||||||||||||||||||
At December 31, 2013, the Corporation evaluated the ALESCO Preferred Funding V, Ltd. Security for other than-temporary impairment by estimating the cash flows expected to be received, taking into account future estimated levels of deferrals and defaults by the underlying issuers and discounting those cash flows at the appropriate accounting yield. | |||||||||||||||||||||||||||||||||
A roll-forward of the other-than-temporary impairment amount related to credit losses for the years ended December 31, 2013, 2012 and 2011 is as follows: | |||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||
Balance of credit losses on debt securities for which a portion of other-than-temporary impairment was recognized in earnings, beginning of period | $ | 4,054 | $ | 4,054 | $ | 3,656 | |||||||||||||||||||||||||||
Additional credit loss for which other-than-temporary impairment was not previously recognized | 0 | 0 | 0 | ||||||||||||||||||||||||||||||
Additional credit loss for which other-than-temporary impairment was previously recognized | 0 | 0 | 398 | ||||||||||||||||||||||||||||||
Balance of credit losses on debt securities for which a portion of other-than-temporary impairment was recognized in earnings, end of period | $ | 4,054 | $ | 4,054 | $ | 4,054 | |||||||||||||||||||||||||||
Due to the insignificance of the adjusted amortized cost of structured pooled trust preferred securities as of December 31, 2013 and 2012, no further disclosures are required. | |||||||||||||||||||||||||||||||||
For the securities that comprise corporate notes and bonds and the securities that are issued by state and political subdivisions, management monitors publicly available financial information, such as filings with the Securities and Exchange Commission, in order to evaluate the securities for other-than-temporary impairment. For financial institution issuers, management monitors information from quarterly “call” report filings that are used to generate Uniform Bank Performance Reports. All other securities that were in an unrealized loss position at the balance sheet date were reviewed by management, and issuer-specific documents were reviewed, as appropriate given the following considerations. When reviewing securities for other-than-temporary impairment, management considers the financial condition and near-term prospects of the issuer and whether downgrades by bond rating agencies have occurred. Management also considers the length of time and extent to which fair value has been less than cost, and whether management does not have the intent to sell these securities and it is likely that it will not be required to sell the securities before their anticipated recovery. | |||||||||||||||||||||||||||||||||
As of December 31, 2013 and 2012, management concluded that the securities described in the previous paragraph were not other-than-temporarily impaired for the following reasons: | |||||||||||||||||||||||||||||||||
— | There is no indication of any significant deterioration of the creditworthiness of the institutions that issued the securities. | ||||||||||||||||||||||||||||||||
— | All contractual interest payments on the securities have been received as scheduled, and no information has come to management’s attention through the processes previously described which would lead to a conclusion that future contractual payments will not be timely received. | ||||||||||||||||||||||||||||||||
The Corporation does not intend to sell and it is not more likely than not that it will be required to sell the securities in an unrealized loss position before recovery of its amortized cost basis. | |||||||||||||||||||||||||||||||||
On December 31, 2013 and 2012, securities carried at $353,102 and $264,813, respectively, were pledged to secure public deposits and for other purposes as provided by law. | |||||||||||||||||||||||||||||||||
The following is a schedule of the contractual maturity of securities available for sale, excluding equity securities, at December 31, 2013: | |||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||
Amortized | Fair Value | ||||||||||||||||||||||||||||||||
Cost | |||||||||||||||||||||||||||||||||
1 year or less | $ | 31,192 | $ | 30,902 | |||||||||||||||||||||||||||||
1 year – 5 years | 141,228 | 141,410 | |||||||||||||||||||||||||||||||
5 years – 10 years | 165,713 | 163,735 | |||||||||||||||||||||||||||||||
After 10 years | 40,106 | 38,257 | |||||||||||||||||||||||||||||||
378,239 | 374,304 | ||||||||||||||||||||||||||||||||
Residential and multi-family mortgage | 248,017 | 242,607 | |||||||||||||||||||||||||||||||
Pooled SBA | 70,077 | 67,721 | |||||||||||||||||||||||||||||||
Commercial mortgage | 385 | 374 | |||||||||||||||||||||||||||||||
Total debt securities | $ | 696,718 | $ | 685,006 | |||||||||||||||||||||||||||||
Mortgage securities and pooled SBA securities are not due at a single date; periodic payments are received based on the payment patterns of the underlying collateral. | |||||||||||||||||||||||||||||||||
Information pertaining to security sales is as follows: | |||||||||||||||||||||||||||||||||
Year ended December 31 | Proceeds | Gross Gains | Gross Losses | ||||||||||||||||||||||||||||||
2013 | $ | 35,633 | $ | 849 | $ | 494 | |||||||||||||||||||||||||||
2012 | 125,579 | 1,809 | 430 | ||||||||||||||||||||||||||||||
2011 | 69,740 | 878 | 264 | ||||||||||||||||||||||||||||||
The tax provision related to these net realized gains was $124, $483, and $215, respectively. | |||||||||||||||||||||||||||||||||
During 2013, 2012 and 2011, the Corporation sold trading securities. Proceeds were $5,811 in 2013, $3,386 in 2012, and $343 in 2011, resulting in net gains of $579 in 2013, $298 in 2012, and $30 in 2011. |
Loans
Loans | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Loans | ' | ||||||||||||||||||||||||||||
5. Loans | |||||||||||||||||||||||||||||
Total net loans at December 31, 2013 and 2012 are summarized as follows: | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 291,704 | $ | 257,091 | |||||||||||||||||||||||||
Commercial mortgages | 467,292 | 261,791 | |||||||||||||||||||||||||||
Residential real estate | 471,298 | 347,904 | |||||||||||||||||||||||||||
Consumer | 63,491 | 58,668 | |||||||||||||||||||||||||||
Credit cards | 5,065 | 4,800 | |||||||||||||||||||||||||||
Overdrafts | 409 | 971 | |||||||||||||||||||||||||||
Less: unearned discount | (3,896 | ) | (3,401 | ) | |||||||||||||||||||||||||
allowance for loan losses | (16,234 | ) | (14,060 | ) | |||||||||||||||||||||||||
Loans, net | $ | 1,279,129 | $ | 913,764 | |||||||||||||||||||||||||
At December 31, 2013 and 2012 net unamortized loan costs of $911 and $232, respectively, have been included in the carrying value of loans. | |||||||||||||||||||||||||||||
The Corporation’s outstanding loans and related unfunded commitments are primarily concentrated within Central and Western Pennsylvania and Central Ohio. The Bank attempts to limit concentrations within specific industries by utilizing dollar limitations to single industries or customers, and by entering into participation agreements with third parties. Collateral requirements are established based on management’s assessment of the customer. The Corporation maintains lending policies to control the quality of the loan portfolio. These policies delegate the authority to extend loans under specific guidelines and underwriting standards. These policies are prepared by the Corporation’s management and reviewed and ratified annually by the Corporation’s Board of Directors. | |||||||||||||||||||||||||||||
All relevant documentation, such as the loan application, financial statements and tax returns, required under the lending policies is summarized and provided to management and/or the Corporation’s Board of Directors in connection with the loan approval process. Such documentation is subsequently electronically archived in the Corporation’s document management system. Pursuant to the Corporation’s lending policies, management considers a variety of factors when determining whether to extend credit to a customer, including loan-to-value ratios, FICO scores, quality of the borrower’s financial statements, and the ability to obtain personal guarantees. | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural loans comprised 23% and 28% of the Corporation’s total loan portfolio at December 31, 2013 and 2012, respectively. Commercial mortgage loans comprised 37% and 29% of the Corporation’s total loan portfolio at December 31, 2013 and 2012, respectively. Management assigns a risk rating to all commercial loans in excess of $250,000. The loan-to-value policy guidelines for commercial, industrial, and agricultural loans are generally a maximum of 80% of the value of business equipment, a maximum of 75% of the value of accounts receivable, and a maximum of 60% of the value of business inventory. The loan-to-value policy guideline for commercial mortgage loans is generally a maximum of 85% of the appraised value of the real estate. | |||||||||||||||||||||||||||||
Residential real estate loans comprised 37% and 38% of the Corporation’s total loan portfolio at December 31, 2013 and 2012, respectively. The loan-to-value policy guidelines for residential real estate loans vary depending on the collateral position and the specific type of loan. Higher loan-to-value terms may be approved with the appropriate private mortgage insurance coverage. The Corporation also originates and prices loans for sale into the secondary market through Freddie Mac. Loans so originated are classified as loans held for sale and are excluded from residential real estate loans reported above. The rationale for these sales is to mitigate interest rate risk associated with holding lower rate, long-term residential mortgages in the loan portfolio and to generate fee revenue from sales and servicing the loan. The Corporation also offers a variety of unsecured and secured consumer loan and credit card products which represent less than 10% of the total loan portfolio at both December 31, 2013 and 2012. Terms and collateral requirements vary depending on the size and nature of the loan. | |||||||||||||||||||||||||||||
CNB has not underwritten any hybrid loans, payment option loans, or low documentation/no documentation loans. Variable rate loans are generally underwritten at the fully indexed rate. Loan underwriting policies and procedures have not changed materially between any periods presented. | |||||||||||||||||||||||||||||
Transactions in the allowance for loan losses for the year ended December 31, 2013 were as follows: | |||||||||||||||||||||||||||||
Commercial, | Commercial | Residential | Consumer | Credit | Overdrafts | Total | |||||||||||||||||||||||
Industrial, and | Mortgages | Real | Cards | ||||||||||||||||||||||||||
Agricultural | Estate | ||||||||||||||||||||||||||||
Allowance for loan losses, January 1, 2013 | $ | 4,940 | $ | 4,697 | $ | 2,466 | $ | 1,699 | $ | 83 | $ | 175 | $ | 14,060 | |||||||||||||||
Charge-offs | (958 | ) | (1,931 | ) | (467 | ) | (1,919 | ) | (97 | ) | (258 | ) | (5,630 | ) | |||||||||||||||
Recoveries | 7 | 1,430 | 5 | 114 | 16 | 94 | 1,666 | ||||||||||||||||||||||
Provision for loan losses | 2,290 | 1,273 | 876 | 1,439 | 64 | 196 | 6,138 | ||||||||||||||||||||||
Allowance for loan losses, December 31, 2013 | $ | 6,279 | $ | 5,469 | $ | 2,880 | $ | 1,333 | $ | 66 | $ | 207 | $ | 16,234 | |||||||||||||||
Transactions in the allowance for loan losses for the year ended December 31, 2012 were as follows: | |||||||||||||||||||||||||||||
Commercial, | Commercial | Residential | Consumer | Credit | Overdrafts | Total | |||||||||||||||||||||||
Industrial, and | Mortgages | Real | Cards | ||||||||||||||||||||||||||
Agricultural | Estate | ||||||||||||||||||||||||||||
Allowance for loan losses, January 1, 2012 | $ | 4,511 | $ | 4,470 | $ | 1,991 | $ | 1,404 | $ | 71 | $ | 168 | $ | 12,615 | |||||||||||||||
Charge-offs | (2,871 | ) | (401 | ) | (304 | ) | (1,279 | ) | (78 | ) | (257 | ) | (5,190 | ) | |||||||||||||||
Recoveries | 45 | 0 | 1 | 91 | 18 | 99 | 254 | ||||||||||||||||||||||
Provision for loan losses | 3,255 | 628 | 778 | 1,483 | 72 | 165 | 6,381 | ||||||||||||||||||||||
Allowance for loan losses, December 31, 2012 | $ | 4,940 | $ | 4,697 | $ | 2,466 | $ | 1,699 | $ | 83 | $ | 175 | $ | 14,060 | |||||||||||||||
Transactions in the allowance for loan losses for the year ended December 31, 2011 were as follows: | |||||||||||||||||||||||||||||
Commercial, | Commercial | Residential | Consumer | Credit | Overdrafts | Total | |||||||||||||||||||||||
Industrial, and | Mortgages | Real | Cards | ||||||||||||||||||||||||||
Agricultural | Estate | ||||||||||||||||||||||||||||
Allowance for loan losses, January 1, 2011 | $ | 3,517 | $ | 3,511 | $ | 1,916 | $ | 1,561 | $ | 96 | $ | 219 | $ | 10,820 | |||||||||||||||
Charge-offs | (1,796 | ) | (175 | ) | (217 | ) | (907 | ) | (39 | ) | (222 | ) | (3,356 | ) | |||||||||||||||
Recoveries | 9 | 0 | 13 | 88 | 10 | 94 | 214 | ||||||||||||||||||||||
Provision for loan losses | 2,781 | 1,134 | 279 | 662 | 4 | 77 | 4,937 | ||||||||||||||||||||||
Allowance for loan losses, December 31, 2011 | $ | 4,511 | $ | 4,470 | $ | 1,991 | $ | 1,404 | $ | 71 | $ | 168 | $ | 12,615 | |||||||||||||||
The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and is based on the Corporation’s impairment method as of December 31, 2013 and 2012. The recorded investment in loans excludes accrued interest and unearned discounts due to their insignificance. | |||||||||||||||||||||||||||||
December 31, 2013 | Commercial, | Commercial | Residential | Consumer | Credit | Overdrafts | Total | ||||||||||||||||||||||
Industrial, and | Mortgages | Real | Cards | ||||||||||||||||||||||||||
Agricultural | Estate | ||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 372 | $ | 55 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 427 | |||||||||||||||
Collectively evaluated for impairment | 5,907 | 3,959 | 2,880 | 1,333 | 66 | 207 | 14,352 | ||||||||||||||||||||||
Acquired with deteriorated credit quality | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
Modified in a troubled debt restructuring | 0 | 1,455 | 0 | 0 | 0 | 0 | 1,455 | ||||||||||||||||||||||
Total ending allowance balance | $ | 6,279 | $ | 5,469 | $ | 2,880 | $ | 1,333 | $ | 66 | $ | 207 | $ | 16,234 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 4,923 | $ | 1,249 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 6,172 | |||||||||||||||
Collectively evaluated for impairment | 285,518 | 452,945 | 471,298 | 63,491 | 5,065 | 409 | 1,278,726 | ||||||||||||||||||||||
Acquired with deteriorated credit quality | 0 | 2,225 | 0 | 0 | 0 | 0 | 2,225 | ||||||||||||||||||||||
Modified in a troubled debt restructuring | 1,263 | 10,873 | 0 | 0 | 0 | 0 | 12,136 | ||||||||||||||||||||||
Total ending loans balance | $ | 291,704 | $ | 467,292 | $ | 471,298 | $ | 63,491 | $ | 5,065 | $ | 409 | $ | 1,299,259 | |||||||||||||||
December 31, 2012 | Commercial, | Commercial | Residential | Consumer | Credit | Overdrafts | Total | ||||||||||||||||||||||
Industrial, and | Mortgages | Real | Cards | ||||||||||||||||||||||||||
Agricultural | Estate | ||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 541 | $ | 131 | $ | 81 | $ | 0 | $ | 0 | $ | 0 | $ | 753 | |||||||||||||||
Collectively evaluated for impairment | 4,399 | 3,467 | 2,385 | 1,699 | 83 | 175 | 12,208 | ||||||||||||||||||||||
Modified in a troubled debt restructuring | 0 | 1,099 | 0 | 0 | 0 | 0 | 1,099 | ||||||||||||||||||||||
Total ending allowance balance | $ | 4,940 | $ | 4,697 | $ | 2,466 | $ | 1,699 | $ | 83 | $ | 175 | $ | 14,060 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 2,623 | $ | 10,683 | $ | 593 | $ | 0 | $ | 0 | $ | 0 | $ | 13,899 | |||||||||||||||
Collectively evaluated for impairment | 253,048 | 240,907 | 347,311 | 58,668 | 4,800 | 971 | 905,705 | ||||||||||||||||||||||
Modified in a troubled debt restructuring | 1,420 | 10,201 | 0 | 0 | 0 | 0 | 11,621 | ||||||||||||||||||||||
Total ending loans balance | $ | 257,091 | $ | 261,791 | $ | 347,904 | $ | 58,668 | $ | 4,800 | $ | 971 | $ | 931,225 | |||||||||||||||
The following tables present information related to loans individually evaluated for impairment, including loans modified in troubled debt restructurings, by portfolio segment as of December 31, 2013 and 2012 and for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||||||||||||||||||
December 31, 2013 | Unpaid | Recorded | Allowance | ||||||||||||||||||||||||||
Principal | Investment | for Loan | |||||||||||||||||||||||||||
Balance | Losses | ||||||||||||||||||||||||||||
Allocated | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 5,402 | $ | 4,152 | $ | 372 | |||||||||||||||||||||||
Commercial mortgage | 6,173 | 5,970 | 1,510 | ||||||||||||||||||||||||||
Residential real estate | 0 | 0 | 0 | ||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 2,055 | 2,034 | 0 | ||||||||||||||||||||||||||
Commercial mortgage | 6,178 | 6,152 | 0 | ||||||||||||||||||||||||||
Residential real estate | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total | $ | 19,808 | $ | 18,308 | $ | 1,882 | |||||||||||||||||||||||
December 31, 2012 | Unpaid | Recorded | Allowance | ||||||||||||||||||||||||||
Principal | Investment | for Loan | |||||||||||||||||||||||||||
Balance | Losses | ||||||||||||||||||||||||||||
Allocated | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 2,542 | $ | 1,792 | $ | 541 | |||||||||||||||||||||||
Commercial mortgage | 5,870 | 5,329 | 1,230 | ||||||||||||||||||||||||||
Residential real estate | 416 | 381 | 81 | ||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 2,804 | 2,251 | 0 | ||||||||||||||||||||||||||
Commercial mortgage | 17,285 | 15,555 | 0 | ||||||||||||||||||||||||||
Residential real estate | 308 | 212 | 0 | ||||||||||||||||||||||||||
Total | $ | 29,225 | $ | 25,520 | $ | 1,852 | |||||||||||||||||||||||
The unpaid principal balance of impaired loans includes the Corporation’s recorded investment in the loan and amounts that have been charged off. | |||||||||||||||||||||||||||||
Year Ended | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Average | Interest | Cash Basis | |||||||||||||||||||||||||||
Recorded | Income | Interest | |||||||||||||||||||||||||||
Investment | Recognized | Recognized | |||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 1,989 | $ | 7 | $ | 7 | |||||||||||||||||||||||
Commercial mortgage | 6,572 | 3 | 3 | ||||||||||||||||||||||||||
Residential real estate | 101 | 7 | 7 | ||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 2,124 | 0 | 0 | ||||||||||||||||||||||||||
Commercial mortgage | 11,885 | 0 | 0 | ||||||||||||||||||||||||||
Residential real estate | 86 | 0 | 0 | ||||||||||||||||||||||||||
Total | $ | 22,757 | $ | 17 | $ | 17 | |||||||||||||||||||||||
Year Ended | |||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Average | Interest | Cash Basis | |||||||||||||||||||||||||||
Recorded | Income | Interest | |||||||||||||||||||||||||||
Investment | Recognized | Recognized | |||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 3,083 | $ | 4 | $ | 4 | |||||||||||||||||||||||
Commercial mortgage | 5,504 | 3 | 3 | ||||||||||||||||||||||||||
Residential real estate | 334 | 13 | 13 | ||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 3,217 | 0 | 0 | ||||||||||||||||||||||||||
Commercial mortgage | 12,723 | 0 | 0 | ||||||||||||||||||||||||||
Residential real estate | 103 | 0 | 0 | ||||||||||||||||||||||||||
Total | $ | 24,964 | $ | 20 | $ | 20 | |||||||||||||||||||||||
Year Ended | |||||||||||||||||||||||||||||
December 31, 2011 | |||||||||||||||||||||||||||||
Average | Interest | Cash Basis | |||||||||||||||||||||||||||
Recorded | Income | Interest | |||||||||||||||||||||||||||
Investment | Recognized | Recognized | |||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 3,711 | $ | 3 | $ | 3 | |||||||||||||||||||||||
Commercial mortgage | 6,412 | 19 | 19 | ||||||||||||||||||||||||||
Residential real estate | 179 | 4 | 4 | ||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 2,050 | 0 | 0 | ||||||||||||||||||||||||||
Commercial mortgage | 6,040 | 0 | 0 | ||||||||||||||||||||||||||
Residential real estate | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total | $ | 18,392 | $ | 26 | $ | 26 | |||||||||||||||||||||||
The following table presents the recorded investment in nonaccrual loans and loans past due over 90 days still on accrual by class of loans as of December 31, 2012 and 2011: | |||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
Nonaccrual | Past Due | Nonaccrual | Past Due | ||||||||||||||||||||||||||
Over 90 Days | Over 90 Days | ||||||||||||||||||||||||||||
Still on Accrual | Still on Accrual | ||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 1,006 | $ | 0 | $ | 3,073 | $ | 0 | |||||||||||||||||||||
Commercial mortgages | 7,236 | 0 | 8,570 | 109 | |||||||||||||||||||||||||
Residential real estate | 2,389 | 150 | 2,792 | 18 | |||||||||||||||||||||||||
Consumer | 942 | 170 | 10 | 217 | |||||||||||||||||||||||||
Credit cards | 0 | 24 | 0 | 13 | |||||||||||||||||||||||||
Total | $ | 11,573 | $ | 344 | $ | 14,445 | $ | 357 | |||||||||||||||||||||
Nonaccrual loans and loans past due over 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. | |||||||||||||||||||||||||||||
The following table presents the aging of the recorded investment in past due loans as of December 31, 2013 and 2012 by class of loans. | |||||||||||||||||||||||||||||
December 31, 2013 | 30-59 Days | 60-89 Days | Greater Than | Total | Loans Not | Total | |||||||||||||||||||||||
Past Due | Past Due | 90 Days | Past Due | Past Due | |||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 211 | $ | 542 | $ | 855 | $ | 1,608 | $ | 290,096 | $ | 291,704 | |||||||||||||||||
Commercial mortgages | 1,258 | 713 | 7,236 | 9,207 | 458,085 | 467,292 | |||||||||||||||||||||||
Residential real estate | 4,216 | 114 | 2,539 | 6,869 | 464,429 | 471,298 | |||||||||||||||||||||||
Consumer | 334 | 1,049 | 1,112 | 2,495 | 60,996 | 63,491 | |||||||||||||||||||||||
Credit cards | 0 | 29 | 24 | 53 | 5,012 | 5,065 | |||||||||||||||||||||||
Overdrafts | 0 | 0 | 0 | 0 | 409 | 409 | |||||||||||||||||||||||
Total | $ | 6,019 | $ | 2,447 | $ | 11,766 | $ | 20,232 | $ | 1,279,027 | $ | 1,299,259 | |||||||||||||||||
December 31, 2012 | 30-59 Days | 60-89 Days | Greater Than | Total | Loans Not | Total | |||||||||||||||||||||||
Past Due | Past Due | 90 Days | Past Due | Past Due | |||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 724 | $ | 157 | $ | 2,968 | $ | 3,849 | $ | 253,242 | $ | 257,091 | |||||||||||||||||
Commercial mortgages | 1,162 | 3,197 | 8,679 | 13,038 | 248,753 | 261,791 | |||||||||||||||||||||||
Residential real estate | 1,390 | 641 | 2,700 | 4,731 | 343,173 | 347,904 | |||||||||||||||||||||||
Consumer | 724 | 203 | 227 | 1,154 | 57,514 | 58,668 | |||||||||||||||||||||||
Credit cards | 39 | 9 | 13 | 61 | 4,739 | 4,800 | |||||||||||||||||||||||
Overdrafts | 0 | 0 | 0 | 0 | 971 | 971 | |||||||||||||||||||||||
Total | $ | 4,039 | $ | 4,207 | $ | 14,587 | $ | 22,833 | $ | 908,392 | $ | 931,225 | |||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||
During the years ended December 31, 2013 and 2012, the terms of certain loans were modified as troubled debt restructurings. The modification of the terms of such loans included either or both of the following: a reduction of the stated interest rate of the loan; or an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk. | |||||||||||||||||||||||||||||
The following table presents the number of loans, loan balances, and specific reserves for loans that have been restructured in a troubled debt restructuring as of December 31, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
Number of | Loan | Specific | Number of | Loan | Specific | ||||||||||||||||||||||||
Loans | Balance | Reserve | Loans | Balance | Reserve | ||||||||||||||||||||||||
Commercial, industrial, and agricultural | 2 | $ | 1,263 | $ | 0 | 2 | $ | 1,420 | $ | 0 | |||||||||||||||||||
Commercial mortgages | 10 | 10,873 | 1,455 | 8 | 10,201 | 1,099 | |||||||||||||||||||||||
Residential real estate | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Consumer | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Credit cards | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Total | 12 | $ | 12,136 | $ | 1,455 | 10 | $ | 11,621 | $ | 1,099 | |||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the years ended December 31, 2013 and 2012: | |||||||||||||||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||||||||||||||
Number of | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||
Loans | Outstanding Recorded | Outstanding Recorded | |||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 0 | $ | 0 | $ | 0 | ||||||||||||||||||||||||
Commercial mortgages | 3 | 3,747 | 3,681 | ||||||||||||||||||||||||||
Residential real estate | 0 | 0 | 0 | ||||||||||||||||||||||||||
Consumer | 0 | 0 | 0 | ||||||||||||||||||||||||||
Credit cards | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total | 3 | $ | 3,747 | $ | 3,681 | ||||||||||||||||||||||||
Year Ended December 31, 2012 | |||||||||||||||||||||||||||||
Number of | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||
Loans | Outstanding Recorded | Outstanding Recorded | |||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 2 | $ | 1,455 | $ | 1,455 | ||||||||||||||||||||||||
Commercial mortgages | 5 | 2,717 | 2,717 | ||||||||||||||||||||||||||
Residential real estate | 0 | 0 | 0 | ||||||||||||||||||||||||||
Consumer | 0 | 0 | 0 | ||||||||||||||||||||||||||
Credit cards | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total | 7 | $ | 4,172 | $ | 4,172 | ||||||||||||||||||||||||
The troubled debt restructurings described above increased the allowance for loan losses by $514 and $101 during the years ended December 31, 2013 and 2012, respectively. | |||||||||||||||||||||||||||||
Modifications involving a reduction of the stated interest rate of the loan were for periods ranging from 4-15 years. Modifications involving an extension of the maturity date were for periods ranging from 4-18 years. | |||||||||||||||||||||||||||||
A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. Except as discussed below, all loans modified in troubled debt restructurings are performing in accordance with their modified terms as of December 31, 2013 and 2012 and no principal balances were forgiven in connection with the loan restructurings. | |||||||||||||||||||||||||||||
During the year ended December 31, 2013, the Corporation recorded a partial charge-off of $974 for a commercial mortgage loan with a balance of $1,660 that had defaulted under its restructured terms in 2012 and was placed on nonaccrual status. The Corporation recorded an additional provision for loan losses of $262 on this loan during the year ended December 31, 2013. A commercial mortgage loan with a balance of $1,086 defaulted under its restructured terms in 2013 and was placed on nonaccrual status. The Corporation recorded an additional provision for loan losses of $615 during the year ended December 31, 2013. In addition, an impaired commercial mortgage loan that was placed on non-accrual status in 2013 and having a balance of $3,269 was modified in a troubled debt restructuring. The Corporation recorded an additional provision for loan losses of $514 for this loan during the year ended December 31, 2013. | |||||||||||||||||||||||||||||
During the year ended December 31, 2012, one commercial mortgage loan with a balance of $1,660 defaulted under its restructured terms and was placed on nonaccrual status, resulting in an increase in the allowance for loan losses of $503. No loans that were modified in a troubled debt restructuring were charged off during the year ended December 31, 2012. | |||||||||||||||||||||||||||||
In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without a loan modification. This evaluation is performed using the Corporation’s internal underwriting policies. The Corporation has no further loan commitments to customers whose loans are classified as a troubled debt restructuring. | |||||||||||||||||||||||||||||
Generally, non-performing troubled debt restructurings are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time (generally six months) and the ultimate collectability of the total contractual principal and interest is no longer in doubt. | |||||||||||||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||||||||||
The Corporation classifies commercial, industrial, and agricultural loans and commercial mortgage loans into risk categories based on relevant information about the ability of borrowers to service their debt, such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. Loans with outstanding balances greater than $1 million are analyzed at least semiannually and loans with outstanding balances of less than $1 million are analyzed at least annually. | |||||||||||||||||||||||||||||
The Corporation uses the following definitions for risk ratings: | |||||||||||||||||||||||||||||
Special Mention: Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the Corporation’s credit position at some future date. | |||||||||||||||||||||||||||||
Substandard: Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Corporation will sustain some loss if the deficiencies are not corrected. | |||||||||||||||||||||||||||||
Doubtful: Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. | |||||||||||||||||||||||||||||
Loans not rated as special mention, substandard, or doubtful are considered to be pass rated loans. All loans included in the following tables have been assigned a risk rating within 12 months of the balance sheet date. | |||||||||||||||||||||||||||||
December 31, 2013 | Pass | Special | Substandard | Doubtful | Total | ||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 266,868 | $ | 5,377 | $ | 19,318 | $ | 141 | $ | 291,704 | |||||||||||||||||||
Commercial mortgages | 404,876 | 16,755 | 44,936 | 725 | 467,292 | ||||||||||||||||||||||||
Total | $ | 671,744 | $ | 22,132 | $ | 64,254 | $ | 866 | $ | 758,996 | |||||||||||||||||||
December 31, 2012 | Pass | Special | Substandard | Doubtful | Total | ||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 234,835 | $ | 6,641 | $ | 15,459 | $ | 156 | $ | 257,091 | |||||||||||||||||||
Commercial mortgages | 225,294 | 12,294 | 23,501 | 702 | 261,791 | ||||||||||||||||||||||||
Total | $ | 460,129 | $ | 18,935 | $ | 38,960 | $ | 858 | $ | 518,882 | |||||||||||||||||||
The Corporation considers the performance of the loan portfolio and its impact on the allowance for loan losses. For residential real estate, consumer, and credit card loan classes, the Corporation also evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity. The following table presents the recorded investment in residential, consumer, and credit card loans based on payment activity as of December 31, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
Residential | Consumer | Credit | Residential | Consumer | Credit | ||||||||||||||||||||||||
Real Estate | Cards | Real Estate | Cards | ||||||||||||||||||||||||||
Performing | $ | 468,759 | $ | 62,379 | $ | 5,041 | $ | 345,094 | $ | 58,441 | $ | 4,787 | |||||||||||||||||
Non-performing | 2,539 | 1,112 | 24 | 2,810 | 227 | 13 | |||||||||||||||||||||||
Total | $ | 471,298 | $ | 63,491 | $ | 5,065 | $ | 347,904 | $ | 58,668 | $ | 4,800 | |||||||||||||||||
The Corporation’s portfolio of residential real estate and consumer loans maintained within Holiday Financial Services Corporation (“Holiday”), a subsidiary that offers small balance unsecured and secured loans, primarily collateralized by automobiles and equipment, to borrowers with higher risk characteristics than are typical in the Bank’s consumer loan portfolio, are considered to be subprime loans. | |||||||||||||||||||||||||||||
Holiday’s loan portfolio, included in consumer and residential loans above, is summarized as follows at December 31, 2013 and 2012: | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Consumer | $ | 24,891 | $ | 21,535 | |||||||||||||||||||||||||
Residential real estate | 1,552 | 954 | |||||||||||||||||||||||||||
Less: unearned discount | (3,896 | ) | (3,401 | ) | |||||||||||||||||||||||||
Total | $ | 22,547 | $ | 19,088 | |||||||||||||||||||||||||
Secondary_Market_Mortgage_Acti
Secondary Market Mortgage Activities | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Text Block [Abstract] | ' | ||||||||||||
Secondary Market Mortgage Activities | ' | ||||||||||||
6. Secondary Market Mortgage Activities | |||||||||||||
The following summarizes secondary market mortgage activities for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Loans originated for resale, net of principal pay downs | $ | 19,883 | $ | 32,626 | $ | 19,927 | |||||||
Proceeds from sales of loans held for sale | 22,252 | 32,512 | 23,324 | ||||||||||
Net gains on sales of loans held for sale | 808 | 927 | 638 | ||||||||||
Loan servicing fees | 375 | 340 | 349 | ||||||||||
Total loans serviced for others was $114,428, $104,017, and $109,006 at December 31, 2013, 2012, and 2011, respectively. | |||||||||||||
The following summarizes activity for capitalized mortgage servicing rights for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Balance, beginning of year | $ | 714 | $ | 906 | $ | 909 | |||||||
Additions | 350 | 85 | 249 | ||||||||||
Servicing rights acquired | 83 | 0 | 0 | ||||||||||
Amortization | (242 | ) | (277 | ) | (252 | ) | |||||||
Balance, end of year | $ | 905 | $ | 714 | $ | 906 | |||||||
The fair value of mortgage servicing rights is based on market prices for comparable mortgage servicing contracts, when available, or alternatively based on a valuation model that calculates the present value of estimated future net servicing income. The fair value of mortgage servicing rights was $915, $718, and $959 at December 31, 2013, 2012, and 2011, respectively. No valuation allowance is deemed necessary at December 31, 2013, 2012, or 2011. The fair value of interest rate lock commitments was not material at December 31, 2013 or 2012. |
Premises_and_Equipment
Premises and Equipment | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Premises and Equipment | ' | ||||||||
7. Premises and Equipment | |||||||||
The following summarizes premises and equipment at December 31, 2013 and 2012: | |||||||||
2013 | 2012 | ||||||||
Land | $ | 4,412 | $ | 4,126 | |||||
Premises and leasehold improvements | 28,764 | 25,670 | |||||||
Furniture and equipment | 20,248 | 17,522 | |||||||
Construction in process | 3,924 | 408 | |||||||
57,348 | 47,726 | ||||||||
Less: accumulated depreciation | 25,759 | 23,654 | |||||||
Premises and equipment, net | $ | 31,589 | $ | 24,072 | |||||
Depreciation on premises and equipment amounted to $2,147 in 2013, $1,948 in 2012, and $1,823 in 2011. | |||||||||
In 2013, the Corporation entered into a contractual commitment to expand its main office facility in Clearfield, Pennsylvania at a cost of $4,128. Construction has commenced with $3,112 in construction-related expenditures incurred as of December 31, 2013. The project is expected to be completed early in the second quarter of 2014. | |||||||||
The Corporation is committed under twenty noncancelable operating leases for facilities and four noncancelable operating leases for vehicles with initial or remaining terms in excess of one year. The minimum annual rental commitments under these leases at December 31, 2013 are as follows: | |||||||||
2014 | $ | 630 | |||||||
2015 | 617 | ||||||||
2016 | 592 | ||||||||
2017 | 426 | ||||||||
2018 | 207 | ||||||||
Thereafter | 1,169 | ||||||||
$ | 3,641 | ||||||||
Rental expense, net of rental income, charged to occupancy expense for 2013, 2012, and 2011 was $490, $351, and $349, respectively. | |||||||||
In December 2009, the Corporation entered into a sale-leaseback transaction for real estate used in the operations of one of its branch office locations. The lease term is seventeen years, with two automatic renewal terms of five years each. The Corporation sold the property for $1,200 but financed the entire sales amount. Because the buyer/lessor did not make an initial investment on the purchase of the real estate that is adequate to transfer the risks and rewards of ownership, the Corporation deferred the entire gain of $489 associated with this transaction, which is included in accrued interest payable and other liabilities in the accompanying consolidated balance sheet. The gain is being recognized over the term of the loan under the installment method, and the gain recognized was included in other income in the accompanying consolidated statements of income and comprehensive income and totaled $17, $19, and $16 in 2013, 2012, and 2011, respectively. | |||||||||
The minimum annual rental commitments under this lease at December 31, 2013 are as follows: | |||||||||
2014 | $ | 112 | |||||||
2015 | 112 | ||||||||
2016 | 112 | ||||||||
2017 | 112 | ||||||||
2018 | 112 | ||||||||
Thereafter | 893 | ||||||||
$ | 1,453 | ||||||||
Foreclosed_Assets
Foreclosed Assets | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Text Block [Abstract] | ' | ||||||||||||
Foreclosed Assets | ' | ||||||||||||
8. Foreclosed Assets | |||||||||||||
Foreclosed real estate is reported net of a valuation allowance and included in accrued interest receivable and other assets in the accompanying consolidated balance sheets. Activity for the years ended December 31, 2013, 2012, and 2011 is as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Balance, beginning of year | $ | 325 | $ | 505 | $ | 396 | |||||||
Additions | 1,151 | 750 | 249 | ||||||||||
Sales (at carrying value) | (490 | ) | (930 | ) | (140 | ) | |||||||
Balance, end of year | $ | 986 | $ | 325 | $ | 505 | |||||||
Expenses related to foreclosed real estate include: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Net loss (gain) on sale | $ | (252 | ) | $ | (158 | ) | $ | (101 | ) | ||||
Operating expenses, net of rental income | 81 | 176 | 24 | ||||||||||
$ | (171 | ) | $ | 18 | $ | (77 | ) | ||||||
Goodwill_and_Intangible_Assets
Goodwill and Intangible Assets | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||
Goodwill and Intangible Assets | ' | ||||||||
9. Goodwill and Intangible Assets | |||||||||
Goodwill | |||||||||
The change in the carrying amount of goodwill for the years ended December 31, 2013 and 2012 is as follows: | |||||||||
2013 | 2012 | ||||||||
Balance, beginning of year | $ | 10,946 | $ | 10,821 | |||||
Acquired during the year | 16,248 | 125 | |||||||
Balance, end of year | $ | 27,194 | $ | 10,946 | |||||
The goodwill acquired in 2013 is attributable to the business combination associated with the Corporation’s acquisition of FC Banc Corp. (Note 2). | |||||||||
In 2012, the Corporation purchased the loans and other assets of a consumer discount company in Ebensburg, Pennsylvania. The purchase price was $1,248 for the performing loans and customers of the business. The purchase price resulted in the Corporation recording goodwill of $125 in connection with the acquisition. Due to the insignificance of the assets acquired in relation to the consolidated financial statements as a whole, no further business combination or intangible asset disclosures are included in the notes to consolidated financial statements. | |||||||||
Impairment exists when a reporting unit’s carrying value of goodwill exceeds its fair value, which is determined through a two-step impairment test. Step 1 includes the determination of the carrying value of our single reporting unit, including the existing goodwill and intangible assets, and estimating the fair value of the reporting unit. We determined the fair value of our reporting unit exceeded its carrying amount. If the carrying amount of the reporting unit exceeds its fair value, we are required to perform a second step to the impairment test. Our annual impairment analysis at December 31, 2013 and 2012 indicated that the Step 2 analysis was not necessary. | |||||||||
Intangible Assets | |||||||||
In connection with its acquisition of FC Banc Corp. in 2013, the Corporation recorded a core deposit intangible asset of $4,834 and amortization expense of $251, resulting in a net carrying value of $4,583 at December 31, 2013. No other intangible assets were required to be recorded in connection with the acquisition. | |||||||||
Estimated amortization expense for each of the next five years is as follows: | |||||||||
2014 | $ | 1,180 | |||||||
2015 | 1,007 | ||||||||
2016 | 835 | ||||||||
2017 | 662 | ||||||||
2018 | 489 |
Deposits
Deposits | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Banking And Thrift [Abstract] | ' | ||||
Deposits | ' | ||||
10. Deposits | |||||
The following table reflects time certificates of deposit accounts included in total deposits and their remaining maturities at December 31, 2013: | |||||
Time deposits maturing: | |||||
2014 | $ | 122,126 | |||
2015 | 43,106 | ||||
2016 | 40,874 | ||||
2017 | 20,608 | ||||
2018 | 27,043 | ||||
Thereafter | 12,005 | ||||
$ | 265,762 | ||||
Certificates of deposit of $100 thousand or more totaled $126,924 and $87,018 at December 31, 2013 and 2012, respectively. |
Borrowings
Borrowings | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Text Block [Abstract] | ' | ||||||||||||
Borrowings | ' | ||||||||||||
11. Borrowings | |||||||||||||
At December 31, 2013, the Corporation had available one $10 million line of credit with an unaffiliated institution, at a variable interest rate with a floor as defined in the agreement. At December 31, 2012, the Corporation had available one $9 million line of credit with an unaffiliated institution, which was not renewed in 2013. There were no borrowings on either line of credit at December 31, 2013 and 2012. | |||||||||||||
FHLB Borrowings | |||||||||||||
At December 31, 2013, the Bank had remaining borrowing capacity with the FHLB of $348,574. At December 31, 2013, borrowings with the FHLB are secured by a pledge of selected securities in the amount of $75,885 and certain loans with a balance of $469,822 at December 31, 2013. Borrowings from the FHLB at December 31, 2013 and 2012 are as follows: | |||||||||||||
Interest | Maturity | 2013 | 2012 | ||||||||||
Rate | |||||||||||||
(a) | 9/17/15 | $ | 20,000 | $ | 20,000 | ||||||||
(b) | 6/1/17 | 10,000 | 10,000 | ||||||||||
(c) | 8/7/17 | 5,000 | 5,000 | ||||||||||
(d) | 8/7/17 | 5,000 | 5,000 | ||||||||||
(e) | 8/7/17 | 10,000 | 10,000 | ||||||||||
(f) | 10/10/17 | 10,000 | 10,000 | ||||||||||
(g) | 7/7/23 | 700 | 700 | ||||||||||
(h) | 9/5/23 | 2,280 | 2,388 | ||||||||||
(i) | 6/11/24 | 535 | 557 | ||||||||||
(j) | 5/24/26 | 302 | 321 | ||||||||||
(k) | 10/14/26 | 311 | 330 | ||||||||||
(l) | 2/11/33 | 872 | 0 | ||||||||||
$ | 65,000 | $ | 64,296 | ||||||||||
(a), (g) – Fixed rate borrowings at interest rates of 2.09% and 4.72%, respectively. | |||||||||||||
(b) – Interest rate was fixed at 4.60% until June 2009, since which time FHLB has had the option to convert to floating interest rate based on the 3 month LIBOR + 0.16%. The interest rate was 4.60% at December 31, 2013 and 2012. | |||||||||||||
(c) – Interest rate was fixed at 4.02% until February 2008, since which time FHLB has had the option to convert to a floating interest rate based on the 3 month LIBOR + 0.11%. The interest rate was 4.02% at December 31, 2013 and 2012. | |||||||||||||
(d) – Interest rate was fixed at 4.10% until August 2008, since which time FHLB has had the option to convert to a floating interest rate based on the 3 month LIBOR + 0.11%. The interest rate was 4.10% at December 31, 2013 and 2012. | |||||||||||||
(e) – Interest rate is fixed at 4.47% until August 2010, since which time FHLB has had the option to convert to a floating interest rate based on the 3 month LIBOR + 0.11%. The interest rate was 4.47% at December 31, 2013 and 2012. | |||||||||||||
(f) – Interest rate was fixed at 3.97% until October 2009, since which time FHLB has had the option to convert to a floating interest rate based on the 3 month LIBOR + 0.10%. The interest rate was 3.97% at December 31, 2013 and 2012. | |||||||||||||
(h) – Fixed rate borrowing at an interest rate of 4.31%, with monthly principal and interest payments and a balloon payment due at maturity. | |||||||||||||
(i) – Fixed rate borrowing at an interest rate of 5.24%, with monthly principal and interest payments and a balloon payment due at maturity. | |||||||||||||
(j) – Fixed rate borrowing at an interest rate of 3.35%, with monthly principal and interest payments. | |||||||||||||
(k) – Fixed rate borrowing at an interest rate of 4.00%, with monthly principal and interest payments. | |||||||||||||
(l) – Fixed rate borrowing at an interest rate of 3.23%, with monthly principal and interest payments. | |||||||||||||
The terms of borrowings (a) through (g) are interest only payments with principal due at maturity. | |||||||||||||
Each advance is payable at its maturity date, with a prepayment penalty for fixed rate advances. | |||||||||||||
Other Borrowings | |||||||||||||
At December 31, 2013 and 2012, the Bank had outstanding borrowings of $12,950 and $23,510 from one unaffiliated institution under an overnight borrowing agreement. The interest rate on this borrowing was 0.35%. | |||||||||||||
The Bank entered into a borrowing transaction with an unaffiliated institution in March 2007. The proceeds of this borrowing were $10,000 and, as part of this transaction, the Bank pledged certain securities which had a carrying amount of $12,222 at December 31, 2013. The borrowing has a maturity date of March 20, 2017 and a variable interest rate of 3 month LIBOR minus 1.0% through March 20, 2008, at which time the interest rate became fixed as defined. The borrowing is callable by the issuer at the end of each quarter until maturity. The interest rate was 5.25% at December 31, 2013 and 2012. | |||||||||||||
Subordinated Debentures | |||||||||||||
In 2007, the Corporation issued two $10,000 floating rate trust preferred securities as part of a pooled offering of such securities. The interest rate on each offering is determined quarterly and floats based on the 3 month LIBOR plus 1.55% and was 1.79% and 1.86% at December 31, 2013 and 2012, respectively. The Corporation issued subordinated debentures to the trusts in exchange for the proceeds of the offerings, which debentures represent the sole assets of the trusts. The subordinated debentures must be redeemed no later than 2037. The Corporation may redeem the debentures, in whole or in part, at face value at any time. The Corporation has the option to defer interest payments from time to time for a period not to exceed five consecutive years. | |||||||||||||
Although the trusts are variable interest entities, the Corporation is not the primary beneficiary. As a result, because the trusts are not consolidated with the Corporation, the Corporation does not report the securities issued by the trusts as liabilities. Instead, the Corporation reports as liabilities the subordinated debentures issued by the Corporation and held by the trusts, since the liabilities are not eliminated in consolidation. | |||||||||||||
Maturity Schedule of All Borrowed Funds | |||||||||||||
The following is a schedule of maturities of all borrowed funds as of December 31, 2013: | |||||||||||||
2014 | $ | 13,159 | |||||||||||
2015 | 20,218 | ||||||||||||
2016 | 227 | ||||||||||||
2017 | 50,237 | ||||||||||||
2018 | 246 | ||||||||||||
Thereafter | 24,483 | ||||||||||||
Total borrowed funds | $ | 108,570 | |||||||||||
Interest_Rate_Swaps
Interest Rate Swaps | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ||||||||||||
Interest Rate Swaps | ' | ||||||||||||
12. Interest Rate Swaps | |||||||||||||
On May 3, 2011, the Corporation executed an interest rate swap agreement with a 5 year term and an effective date of September 15, 2013 in order to hedge cash flows associated with $10 million of a subordinated note that was issued by the Corporation during 2007 and elected cash flow hedge accounting for the agreement. The Corporation’s objective in using this derivative is to add stability to interest expense and to manage its exposure to interest rate risk. The interest rate swap involves the receipt of variable-rate amounts in exchange for fixed-rate payments from September 15, 2013 to September 15, 2018 without exchange of the underlying notional amount. At December 31, 2013, the variable rate on the subordinated debt was 1.79% (LIBOR plus 155 basis points) and the Corporation was paying 5.57% (4.02% fixed rate plus 155 basis points). | |||||||||||||
On August 1, 2008, the Corporation executed an interest rate swap agreement with a 5 year term and an effective date of September 15, 2008 in order to hedge cash flows associated with $10 million of a subordinated note discussed above. The Corporation’s objective in using this derivative was to add stability to interest expense and to manage its exposure to interest rate risk. The interest rate swap involved the receipt of variable-rate amounts in exchange for fixed-rate payments from September 15, 2008 to the September 15, 2013 maturity date without exchange of the underlying notional amount. | |||||||||||||
As of December 31, 2013 and 2012, no derivatives were designated as fair value hedges or hedges of net investments in foreign operations. Additionally, the Corporation does not use derivatives for trading or speculative purposes and currently does not have any derivatives that are not designated as hedges. | |||||||||||||
The following tables provide information about the amounts and locations of activity related to the interest rate swaps designated as cash flow hedges within the Corporation’s consolidated balance sheet and statement of income as of December 31, 2013 and 2012 and for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||
As of December 31 | Liability Derivative | ||||||||||||
Balance Sheet | Fair value | ||||||||||||
Location | 2013 | 2012 | |||||||||||
Interest rate contract | Accrued interest and | ($1,116) | ($1,745) | ||||||||||
other liabilities | |||||||||||||
For the Year Ended | (a) | (b) | (c) | (d) | (e) | ||||||||
December 31, 2013 | |||||||||||||
Interest rate contract | $409 | Interest expense – subordinated | ($400) | Other | $0 | ||||||||
debentures | income | ||||||||||||
For the Year Ended | |||||||||||||
December 31, 2012 | |||||||||||||
Interest rate contract | ($49) | Interest expense – subordinated | ($390) | Other | $0 | ||||||||
debentures | income | ||||||||||||
For the Year Ended | |||||||||||||
December 31, 2011 | |||||||||||||
Interest rate contract | ($522) | Interest expense – subordinated | ($402) | Other | $0 | ||||||||
debentures | income | ||||||||||||
(a) | Amount of Gain or (Loss) Recognized in Other Comprehensive Loss on Derivative (Effective Portion), net of tax | ||||||||||||
(b) | Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion) | ||||||||||||
(c) | Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion) | ||||||||||||
(d) | Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) | ||||||||||||
(e) | Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) | ||||||||||||
Amounts reported in accumulated other comprehensive loss related to the interest rate swap will be reclassified to interest expense as interest payments are made on the subordinated debentures. Such amounts reclassified from accumulated other comprehensive loss to interest expense in the next twelve months are expected to be $378. | |||||||||||||
As of December 31, 2013 and 2012, a cash collateral balance in the amount of $1,400 and $1,950, respectively, was maintained with the counterparty to the interest rate swaps. These balances are included in interest bearing deposits with other banks on the consolidated balance sheets. |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Income Taxes | ' | ||||||||||||||||||||||||
13. Income Taxes | |||||||||||||||||||||||||
The following is a summary of income tax expense for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Current – federal | $ | 7,189 | $ | 6,535 | $ | 4,951 | |||||||||||||||||||
Current – state | 128 | 116 | 137 | ||||||||||||||||||||||
Deferred - federal | (977 | ) | (240 | ) | 441 | ||||||||||||||||||||
Income tax expense | $ | 6,340 | $ | 6,411 | $ | 5,529 | |||||||||||||||||||
The components of the net deferred tax asset (liability) as of December 31, 2013 and 2012 are as follows: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Deferred tax assets: | |||||||||||||||||||||||||
Allowance for loan losses | $ | 5,084 | $ | 4,632 | |||||||||||||||||||||
Unrealized loss on securities available for sale | 4,085 | 0 | |||||||||||||||||||||||
Fair value adjustments – business combination | 3,541 | 0 | |||||||||||||||||||||||
Deferred compensation | 2,179 | 1,753 | |||||||||||||||||||||||
Impaired security valuation | 590 | 670 | |||||||||||||||||||||||
Net operating loss carryover | 2,155 | 0 | |||||||||||||||||||||||
Capital loss carryover | 0 | 278 | |||||||||||||||||||||||
Post-retirement benefits | 1,308 | 1,063 | |||||||||||||||||||||||
Unrealized loss on interest rate swap | 391 | 616 | |||||||||||||||||||||||
Nonaccrual loan interest | 516 | 305 | |||||||||||||||||||||||
Accrued expenses | 817 | 297 | |||||||||||||||||||||||
Other | 296 | 312 | |||||||||||||||||||||||
20,962 | 9,926 | ||||||||||||||||||||||||
Deferred tax liabilities: | |||||||||||||||||||||||||
Unrealized gain on securities available for sale | 0 | 8,636 | |||||||||||||||||||||||
Premises and equipment | 1,527 | 1,535 | |||||||||||||||||||||||
Intangibles – section 197 | 5,130 | 3,179 | |||||||||||||||||||||||
Mortgage servicing rights | 317 | 250 | |||||||||||||||||||||||
Other | 328 | 339 | |||||||||||||||||||||||
7,302 | 13,939 | ||||||||||||||||||||||||
Net deferred tax asset (liability) | $ | 13,660 | ($ | 4,013 | ) | ||||||||||||||||||||
The Corporation determined that it was not required to establish a valuation allowance for deferred tax assets since management believes that the deferred tax assets are likely to be realized through a carry back to taxable income in prior years, future reversals of existing temporary differences, and future taxable income. | |||||||||||||||||||||||||
The reconciliation of income tax attributable to pre-tax income at the federal statutory tax rates to income tax expense is as follows: | |||||||||||||||||||||||||
2013 | % | 2012 | % | 2011 | % | ||||||||||||||||||||
Tax at statutory rate | $ | 8,057 | 35 | $ | 8,241 | 35 | $ | 7,222 | 35 | ||||||||||||||||
Tax exempt income, net | (1,664 | ) | (7.2 | ) | (1,553 | ) | (6.6 | ) | (1,353 | ) | (6.6 | ) | |||||||||||||
Bank owned life insurance | (543 | ) | (2.4 | ) | (341 | ) | (1.4 | ) | (325 | ) | (1.6 | ) | |||||||||||||
Merger costs | 233 | 1 | 0 | 0 | 0 | 0 | |||||||||||||||||||
Other | 257 | 1.1 | 64 | 0.2 | (15 | ) | (0.0 | ) | |||||||||||||||||
Income tax expense | $ | 6,340 | 27.5 | $ | 6,411 | 27.2 | $ | 5,529 | 26.8 | ||||||||||||||||
At December 31, 2013 and 2012, the Corporation has no unrecognized tax benefits. The Corporation does not expect the total amount of unrecognized tax benefits to significantly increase in the next twelve months. | |||||||||||||||||||||||||
The Corporation recognizes interest and/or penalties related to income tax matters as part of income tax expense. At December 31, 2013 and 2012, there were no amounts accrued for interest and/or penalties. | |||||||||||||||||||||||||
The Corporation and its subsidiaries are subject to U.S. federal income tax as well as income tax of the Commonwealth of Pennsylvania. The Corporation is no longer subject to examination by the taxing authorities for years prior to 2010. Tax years 2010 through 2012 remain open to federal and state examination. | |||||||||||||||||||||||||
In connection with its acquisition of FC Banc Corp., the Corporation assumed a federal net operating loss carryforward of $6,367, which expires in 2033. Under Section 382 of the Internal Revenue Code, the utilization of the loss carryforward in future years is limited based on the consideration paid and other factors. Management believes that the net operating loss carryforward will be used in full before its expiration. |
Employee_Benefit_Plans
Employee Benefit Plans | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Compensation And Retirement Disclosure [Abstract] | ' | ||||||||||||
Employee Benefit Plans | ' | ||||||||||||
14. Employee Benefit Plans | |||||||||||||
The Corporation sponsors a contributory defined contribution Section 401(k) plan in which substantially all employees participate. The plan permits employees to make pre-tax contributions which are matched by the Corporation at 100% for every 1% contributed up to three percent then 50% for every 1% contributed up to the next four percent in total of the employee’s compensation. The Corporation’s contributions were $431, $397, and $385 in 2013, 2012, and 2011, respectively. Profit sharing contributions to this plan, based on current year compensation, are 6 percent of total compensation plus 5.7 percent of the compensation in excess of $114. The Corporation recognized profit sharing expense of $855, $783, and $667 in 2013, 2012, and 2011 respectively. | |||||||||||||
The Corporation has adopted a non-qualified supplemental executive retirement plan (“SERP”) for certain executives to compensate those executive participants in the Corporation’s retirement plan whose benefits are limited by compensation limitations under current tax law. The SERP is considered an unfunded plan for tax and ERISA purposes and all obligations arising under the SERP are payable from the general assets of the Corporation. At December 31, 2013 and 2012, obligations of $4,120 and $3,792, respectively, were included in other liabilities for this plan. Expenses related to this plan were $541 in 2013, $728 in 2012, and $647 in 2011. | |||||||||||||
The Corporation has established a Survivor Benefit Plan for the benefit of outside directors. The purpose of the plan is to provide life insurance benefits to beneficiaries of the Corporation’s directors who at the time of their death are participants in the plan. The plan is considered an unfunded plan for tax and ERISA purposes and all obligations arising under the plan are payable from the general assets of the Corporation. At December 31, 2013 and 2012, obligations of $932 and $813, respectively, were included in other liabilities for this plan. Expenses related to this plan were $119 in 2013, $127 in 2012, and $106 in 2011. | |||||||||||||
The Corporation has an unfunded post retirement benefits plan which provides certain health care benefits for retired employees who have reached the age of 60 and retired with 30 years of service. The plan was amended in 2013 to include only employees hired prior to January 1, 2000. Benefits are provided for these retired employees and their qualifying dependents from the age of 60 through the age of 65. | |||||||||||||
The following table sets forth the change in the benefit obligation of the plan as of and for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Benefit obligation at beginning of year | $ | 2,224 | $ | 1,674 | $ | 1,073 | |||||||
Interest cost | 84 | 69 | 56 | ||||||||||
Service cost | 125 | 88 | 49 | ||||||||||
Actual claims | (167 | ) | (184 | ) | (262 | ) | |||||||
Plan amendment | (602 | ) | 0 | 0 | |||||||||
Actuarial loss | 821 | 577 | 758 | ||||||||||
Benefit obligation at end of year | $ | 2,485 | $ | 2,224 | $ | 1,674 | |||||||
Amounts recognized in accumulated other comprehensive income at December 31, 2013 and 2012 consist of: | |||||||||||||
2013 | 2012 | ||||||||||||
Net actuarial loss | $ | (1,667 | ) | $ | (1,502 | ) | |||||||
Transition obligation | 0 | (7 | ) | ||||||||||
(1,667 | ) | (1,509 | ) | ||||||||||
Tax effect | 583 | 528 | |||||||||||
$ | (1,084 | ) | $ | (981 | ) | ||||||||
The accumulated benefit obligation was $2,485 and $2,224 at December 31, 2013 and 2012, respectively. | |||||||||||||
The following table sets forth the components of net periodic benefit cost and other amounts recognized in other comprehensive income: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Service cost | $ | 125 | $ | 88 | $ | 49 | |||||||
Interest cost | 84 | 69 | 56 | ||||||||||
Net amortization of transition obligation and actuarial loss | 61 | 41 | 11 | ||||||||||
Net periodic benefit cost | 270 | 198 | 116 | ||||||||||
Net loss | 821 | 578 | 758 | ||||||||||
Plan amendment | (602 | ) | 0 | 0 | |||||||||
Amortization of loss | (54 | ) | (34 | ) | (4 | ) | |||||||
Amortization of transition obligation | (7 | ) | (7 | ) | (7 | ) | |||||||
Total recognized in other comprehensive income | 158 | 537 | 747 | ||||||||||
Total recognized in net periodic benefit cost and other comprehensive income | $ | 428 | $ | 735 | $ | 863 | |||||||
The estimated net loss that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year is $149. | |||||||||||||
The weighted average discount rate used to calculate net periodic benefit cost was 3.88% in 2013, 4.29% in 2012, and 5.50% in 2011. The weighted average rate used to calculate accrued benefit obligations was 4.31% in 2013, 3.88% in 2012, and 4.29% in 2011. The health care cost trend rate used to measure the expected costs of benefits is 5.0% for 2014 and thereafter. A one percent increase in the health care trend rates would result in an increase of $241 in the benefit obligation as of December 31, 2013, and would increase the service and interest costs by $21 in future periods. A similar one percent decrease in health care trend rates would result in a decrease of $217 and $19 in the benefit obligation and services and interest costs, respectively, at December 31, 2013. |
Deferred_Compensation_Plans
Deferred Compensation Plans | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Postemployment Benefits [Abstract] | ' | ||||||||||||
Deferred Compensation Plans | ' | ||||||||||||
15. Deferred Compensation Plans | |||||||||||||
Deferred compensation plans cover all directors and certain officers. Under the plans, the Corporation pays each participant, or their beneficiary, the value of the participant’s account over a maximum period of 10 years, beginning with the individual’s termination of service. A liability is accrued for the obligation under these plans. | |||||||||||||
A summary of changes in the deferred compensation plan liability follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Balance, beginning of year | $ | 990 | $ | 987 | $ | 1,038 | |||||||
Deferrals, dividends, and changes in fair value recorded as an expense | 191 | 84 | 80 | ||||||||||
Deferred compensation payments | (81 | ) | (81 | ) | (131 | ) | |||||||
Balance, end of year | $ | 1,100 | $ | 990 | $ | 987 | |||||||
StockBased_Compensation
Stock-Based Compensation | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||
Stock-Based Compensation | ' | ||||||||||
16. Stock-Based Compensation | |||||||||||
Stock Options | |||||||||||
A summary of the status of the stock options is presented below: | |||||||||||
Stock | Weighted-average | ||||||||||
Options | Exercise Price | ||||||||||
Outstanding at January 1, 2013 | 75,500 | $ | 16.79 | ||||||||
Exercised | (40,000 | ) | 17.45 | ||||||||
Outstanding at December 31, 2013 | 35,500 | $ | 16.04 | ||||||||
Options vested and exercisable at December 31, 2013 | 35,500 | ||||||||||
Fair value of options granted during 2013 | N/A | ||||||||||
Number of authorized stock-based awards available for grant | 393,441 | ||||||||||
Options outstanding and exercisable at December 31, 2013 are as follows: | |||||||||||
Exercise Price | Number | Remaining | |||||||||
Contractual | |||||||||||
Life | |||||||||||
$16.04 | 35,500 | 1.0 years | |||||||||
The aggregate intrinsic value of all options outstanding and exercisable at December 31, 2013 and 2012 was $105 and $13, respectively. | |||||||||||
Additional information related to the stock option plan follows: | |||||||||||
2013 | 2012 | 2011 | |||||||||
Intrinsic value of options exercised | $ | 99 | $114 | $ | 151 | ||||||
Cash received from option exercises | 698 | 424 | 259 | ||||||||
As of December 31, 2013, there was no unrecognized compensation cost related to nonvested stock options granted under the stock option plan. | |||||||||||
Restricted Stock Awards | |||||||||||
A summary of changes in nonvested restricted stock awards follows: | |||||||||||
Shares | Weighted-average | ||||||||||
Grant Date | |||||||||||
Fair Value | |||||||||||
Nonvested at January 1, 2013 | 49,574 | $15.37 | |||||||||
Granted | 31,500 | 17.1 | |||||||||
Forfeited | (525 | ) | 16.44 | ||||||||
Vested | (18,473 | ) | 15.33 | ||||||||
Nonvested at December 31, 2013 | 62,076 | $16.25 | |||||||||
As of December 31, 2013 and 2012, there was $675 and $536, respectively, of total unrecognized compensation cost related to nonvested shares granted under the restricted stock award plan. The fair value of shares vesting during 2013, 2012, and 2011 was $323, $206 and $173, respectively. Compensation expense for restricted stock awards was $390 in 2013, $277 in 2012, and $213 in 201. |
Related_Party_Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions | ' |
17. Related Party Transactions | |
In the ordinary course of business, the Bank has transactions, including loans, with its officers, directors, and their affiliated companies. The aggregate of such loans totaled $2,238 on December 31, 2013 compared to $1,144 at December 31, 2012. During 2013, $1,432 new loans were made, $125 was added due to a change in the composition of related parties, and repayments totaled $463. | |
Deposits from principal officers, directors, and their affiliates were $48,249 and $25,293 at December 31, 2013 and 2012, respectively. |
Capital_Requirements_and_Restr
Capital Requirements and Restrictions on Retained Earnings | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||||||||||||||
Capital Requirements and Restrictions on Retained Earnings | ' | ||||||||||||||||||||||||
18. Capital Requirements and Restrictions on Retained Earnings | |||||||||||||||||||||||||
Banks and financial holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, for the Bank, prompt corrective action (PCA) regulations involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can result in regulatory enforcement actions. Management believes as of December 31, 2013 the Corporation and Bank meet all capital adequacy requirements to which they are subject. | |||||||||||||||||||||||||
The PCA regulations provide five capital categories: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms alone do not represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion; brokered deposits may not be accepted, renewed or rolled over; and capital restoration plans are required. As of December 31, 2013 and 2012, the most recent regulatory notifications categorized the Bank as well capitalized under the PCA regulatory framework. There are no events or conditions since this notification that management believes have changed the Bank’s capital category. | |||||||||||||||||||||||||
Actual and required capital amounts and ratios are presented below as of December 31, 2013 and 2012: | |||||||||||||||||||||||||
Actual | For Capital | To Be Well Capitalized | |||||||||||||||||||||||
Adequacy Purposes | Under Prompt Corrective | ||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Total Capital to Risk Weighted Assets | |||||||||||||||||||||||||
Consolidated | $183,984 | 13.72 | % | $107,316 | 8 | % | N/A | ||||||||||||||||||
Bank | $166,440 | 12.57 | % | $105,912 | 8 | % | $132,390 | 10 | % | ||||||||||||||||
Tier 1 (Core) Capital to Risk Weighted Assets | |||||||||||||||||||||||||
Consolidated | $167,773 | 12.51 | % | $53,658 | 4 | % | N/A | ||||||||||||||||||
Bank | $151,585 | 11.45 | % | $52,956 | 4 | % | $79,434 | 6 | % | ||||||||||||||||
Tier 1 (Core) Capital to Average Assets | |||||||||||||||||||||||||
Consolidated | $167,773 | 7.96 | % | $84,332 | 4 | % | N/A | ||||||||||||||||||
Bank | $151,585 | 7.39 | % | $82,078 | 4 | % | $102,597 | 5 | % | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Total Capital to Risk Weighted Assets | |||||||||||||||||||||||||
Consolidated | $152,968 | 15.28 | % | $80,073 | 8 | % | N/A | ||||||||||||||||||
Bank | $131,788 | 13.46 | % | $78,324 | 8 | % | $97,905 | 10 | % | ||||||||||||||||
Tier 1 (Core) Capital to Risk Weighted Assets | |||||||||||||||||||||||||
Consolidated | $140,426 | 14.03 | % | $40,036 | 4 | % | N/A | ||||||||||||||||||
Bank | $119,534 | 12.21 | % | $39,162 | 4 | % | $58,743 | 6 | % | ||||||||||||||||
Tier 1 (Core) Capital to Average Assets | |||||||||||||||||||||||||
Consolidated | $140,426 | 8.06 | % | $69,726 | 4 | % | N/A | ||||||||||||||||||
Bank | $119,534 | 6.99 | % | $68,409 | 4 | % | $85,512 | 5 | % | ||||||||||||||||
Certain restrictions exist regarding the ability of the Bank to transfer funds to the Corporation in the form of cash dividends, loans or advances. At December 31, 2013, $22,763 of accumulated net earnings of the Bank, included in the consolidated stockholders’ equity, was available for distribution to the Corporation as dividends without prior regulatory approval, subject to regulatory capital requirements described above. |
Off_Balance_Sheet_Activities
Off Balance Sheet Activities | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||
Off Balance Sheet Activities | ' | ||||||||||||||||
19. Off Balance Sheet Activities | |||||||||||||||||
Some financial instruments, such as loan commitments, credit lines, letters of credit, and overdraft protection, are issued to meet customer financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contract are met, and usually have expiration dates. Commitments may expire without being used. Off balance sheet risk to credit loss exists up to the face amount of these instruments, although material losses are not anticipated. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment. | |||||||||||||||||
The contractual amount of financial instruments with off balance sheet risk was as follows at December 31, 2013 and 2012: | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Fixed Rate | Variable Rate | Fixed Rate | Variable Rate | ||||||||||||||
Commitments to make loans | $54,556 | $155,391 | $13,670 | $171,862 | |||||||||||||
Unused lines of credit | 0 | 78,937 | 0 | 69,621 | |||||||||||||
Standby letters of credit | 0 | 13,520 | 0 | 22,598 | |||||||||||||
Commitments to make loans are generally made for periods of 60 days or less. The fixed rate loan commitments at December 31, 2013 have interest rates ranging from 2.15% to 18.00% and maturities ranging from 3 months to 20 years. The fixed rate loan commitments at December 31, 2012 have interest rates ranging from 2.15% to 16.00% and maturities ranging from 3 months to 20 years. |
Fair_Value
Fair Value | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value | ' | ||||||||||||||||||||
20. Fair Value | |||||||||||||||||||||
Fair Value Measurement | |||||||||||||||||||||
Fair value is defined 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. A fair value hierarchy has also been established which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The following three levels of inputs are used to measure fair value: | |||||||||||||||||||||
Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. | |||||||||||||||||||||
Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. | |||||||||||||||||||||
Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. | |||||||||||||||||||||
The fair values of most trading securities and securities available for sale are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs) or matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). The fair value of one corporate bond held by the Corporation has been determined by using Level 3 inputs. The Corporation has engaged a valuation expert to price this security using a proprietary model which incorporates assumptions about certain factors that market participants would use in pricing the securities, including bid/ask spreads and liquidity and credit premiums. | |||||||||||||||||||||
The Corporation’s structured pooled trust preferred security is priced using Level 3 inputs. The decline in the level of observable inputs and market activity in this class of investments by the measurement date has been significant and resulted in unreliable external pricing. Broker pricing and bid/ask spreads, when available, vary widely, and the once-active market has become comparatively inactive. The Corporation engaged a third party consultant who has developed a model for pricing this security. Information such as historical and current performance of the underlying collateral, deferral and default rates, collateral coverage ratios, break in yield calculations, cash flow projections, liquidity and credit premiums required by a market participant, and financial trend analysis with respect to the individual issuing financial institutions and insurance companies are utilized in determining the security valuation. Due to the current market conditions as well as the limited trading activity of these types of securities, the market value of the Corporation’s structured pooled trust preferred security is highly sensitive to assumption changes and market volatility. | |||||||||||||||||||||
The Corporation’s derivative instrument is an interest rate swap that is similar to those that trade in liquid markets. As such, significant fair value inputs can generally be verified and do not typically involve significant management judgments (Level 2 inputs). | |||||||||||||||||||||
The fair value of impaired loans with specific allocations of the allowance for loan losses is generally based on recent real estate appraisals prepared by third-parties. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Management also adjusts appraised values based on the length of time that has passed since the appraisal date and other factors. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. | |||||||||||||||||||||
Assets and liabilities measured at fair value on a recurring basis are as follows at December 31, 2013 and 2012: | |||||||||||||||||||||
Fair Value Measurements at December 31, 2013 Using | |||||||||||||||||||||
Description | Total | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable Inputs | Unobservable | |||||||||||||||||||
Identical Assets | (Level 2) | Inputs | |||||||||||||||||||
(Level 1) | (Level 3) | ||||||||||||||||||||
Assets: | |||||||||||||||||||||
Securities Available For Sale: | |||||||||||||||||||||
U.S. Treasury | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||||||
U.S. Government sponsored entities | 181,625 | 0 | 181,625 | 0 | |||||||||||||||||
States and political subdivisions | 177,943 | 0 | 177,943 | 0 | |||||||||||||||||
Residential and multi-family mortgage | 242,607 | 0 | 242,607 | 0 | |||||||||||||||||
Commercial mortgage | 374 | 0 | 374 | 0 | |||||||||||||||||
Corporate notes and bonds | 14,075 | 0 | 14,075 | 0 | |||||||||||||||||
Pooled trust preferred | 661 | 0 | 0 | 661 | |||||||||||||||||
Pooled SBA | 67,721 | 0 | 67,721 | 0 | |||||||||||||||||
Other securities | 985 | 985 | 0 | 0 | |||||||||||||||||
Total Securities Available For Sale | $ | 685,991 | $ | 985 | $ | 684,345 | $ | 661 | |||||||||||||
Trading Securities: | |||||||||||||||||||||
Corporate equity securities | $ | 2,705 | $ | 2,705 | $ | 0 | $ | 0 | |||||||||||||
Certificates of deposit | 253 | 253 | 0 | 0 | |||||||||||||||||
International mutual funds | 259 | 259 | 0 | 0 | |||||||||||||||||
Large cap growth mutual funds | 197 | 197 | 0 | 0 | |||||||||||||||||
Money market mutual funds | 124 | 124 | 0 | 0 | |||||||||||||||||
Large cap value mutual funds | 129 | 129 | 0 | 0 | |||||||||||||||||
Corporate notes and bonds | 152 | 0 | 152 | 0 | |||||||||||||||||
Real estate investment trust mutual funds | 39 | 39 | 0 | 0 | |||||||||||||||||
U.S. Government sponsored entities | 52 | 0 | 52 | 0 | |||||||||||||||||
Small cap mutual funds | 83 | 83 | 0 | 0 | |||||||||||||||||
Mid cap mutual funds | 84 | 84 | 0 | 0 | |||||||||||||||||
Commodities mutual funds | 50 | 50 | 0 | 0 | |||||||||||||||||
Total Trading Securities | $ | 4,127 | $ | 3,923 | $ | 204 | $ | 0 | |||||||||||||
Liabilities, | |||||||||||||||||||||
Interest rate swaps | $ | (1,116 | ) | $ | 0 | $ | (1,116 | ) | $ | 0 | |||||||||||
Fair Value Measurements at December 31, 2012 Using | |||||||||||||||||||||
Description | Total | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable Inputs | Unobservable | |||||||||||||||||||
Identical Assets | (Level 2) | Inputs | |||||||||||||||||||
(Level 1) | (Level 3) | ||||||||||||||||||||
Assets: | |||||||||||||||||||||
Securities Available For Sale: | |||||||||||||||||||||
U.S. Treasury | $ | 4,036 | $ | 0 | $ | 4,036 | $ | 0 | |||||||||||||
U.S. Government sponsored entities | 163,781 | 0 | 163,781 | 0 | |||||||||||||||||
States and political subdivisions | 181,279 | 0 | 181,279 | 0 | |||||||||||||||||
Residential and multi-family mortgage | 316,822 | 0 | 316,822 | 0 | |||||||||||||||||
Commercial mortgage | 1,304 | 0 | 1,304 | 0 | |||||||||||||||||
Corporate notes and bonds | 15,024 | 0 | 13,044 | 1,980 | |||||||||||||||||
Pooled trust preferred | 600 | 0 | 0 | 600 | |||||||||||||||||
Pooled SBA | 52,927 | 52,631 | 296 | 0 | |||||||||||||||||
Other securities | 1,538 | 1,538 | 0 | 0 | |||||||||||||||||
Total Securities Available For Sale | $ | 737,311 | $ | 54,169 | $ | 680,562 | $ | 2,580 | |||||||||||||
Trading Securities: | |||||||||||||||||||||
Corporate equity securities | $ | 3,117 | $ | 3,117 | $ | 0 | $ | 0 | |||||||||||||
Certificates of deposit | 408 | 408 | 0 | 0 | |||||||||||||||||
International mutual funds | 287 | 287 | 0 | 0 | |||||||||||||||||
Large cap growth mutual funds | 157 | 157 | 0 | 0 | |||||||||||||||||
Money market mutual funds | 110 | 110 | 0 | 0 | |||||||||||||||||
Large cap value mutual funds | 104 | 104 | 0 | 0 | |||||||||||||||||
Corporate notes and bonds | 101 | 0 | 101 | 0 | |||||||||||||||||
Real estate investment trust mutual funds | 65 | 65 | 0 | 0 | |||||||||||||||||
U.S. Government sponsored entities | 58 | 0 | 58 | 0 | |||||||||||||||||
Small cap mutual funds | 26 | 26 | 0 | 0 | |||||||||||||||||
Mid cap mutual funds | 26 | 26 | 0 | 0 | |||||||||||||||||
Total Trading Securities | $ | 4,459 | $ | 4,300 | $ | 159 | $ | 0 | |||||||||||||
Liabilities, | |||||||||||||||||||||
Interest rate swaps | $ | (1,745 | ) | $ | 0 | $ | (1,745 | ) | $ | 0 | |||||||||||
The table below presents a reconciliation and income statement classification of gains and losses for all securities available for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year ended December 31, 2013: | |||||||||||||||||||||
Corporate | Pooled | ||||||||||||||||||||
notes and | trust | ||||||||||||||||||||
bonds | preferred | ||||||||||||||||||||
Balance, January 1, 2013 | $ | 1,980 | $ | 600 | |||||||||||||||||
Total gains or (losses): | |||||||||||||||||||||
Included in other comprehensive income (loss) | (29 | ) | 61 | ||||||||||||||||||
Included in realized gains on available-for-sale securities | 58 | 0 | |||||||||||||||||||
Sale of available-for-sale securities | (2,009 | ) | 0 | ||||||||||||||||||
Balance, December 31, 2013 | $ | 0 | $ | 661 | |||||||||||||||||
The table below presents a reconciliation and income statement classification of gains and losses for all securities available for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year ended December 31, 2012: | |||||||||||||||||||||
Corporate | Pooled | ||||||||||||||||||||
notes and | trust | ||||||||||||||||||||
bonds | preferred | ||||||||||||||||||||
Balance, January 1, 2012 | $ | 2,060 | $ | 340 | |||||||||||||||||
Total gains or (losses): | |||||||||||||||||||||
Included in other comprehensive income (unrealized) | (80 | ) | 260 | ||||||||||||||||||
Balance, December 31, 2012 | $ | 1,980 | $ | 600 | |||||||||||||||||
The following table presents quantitative information about Level 3 fair value measurements at December 31, 2013: | |||||||||||||||||||||
Fair value | Valuation | Unobservable | Input | ||||||||||||||||||
Technique | Inputs | Utilized | |||||||||||||||||||
Pooled trust preferred | $ | 661 | Discounted | Collateral default rate | 2% in 2014; 1.5% in 2015; 1.0% in 2016; 0.5% in 2017 and thereafter | ||||||||||||||||
cash flow | 15% | ||||||||||||||||||||
2.0% constant prepayment rate in 2014 and thereafter | |||||||||||||||||||||
Yield | |||||||||||||||||||||
Prepayment speed | |||||||||||||||||||||
The following table presents quantitative information about Level 3 fair value measurements at December 31, 2012: | |||||||||||||||||||||
Fair value | Valuation | Unobservable Inputs | Input Utilized | ||||||||||||||||||
Technique | |||||||||||||||||||||
Corporate notes and bonds | $1,980 | Discounted | Constant prepayment rate | 0% | |||||||||||||||||
cash flow | Probability of default | 0% | |||||||||||||||||||
Discount rate | 9.60% | ||||||||||||||||||||
Pooled trust preferred | $600 | Discounted | Collateral default rate | 2% annually for 2 years; 0.36% thereafter | |||||||||||||||||
cash flow | 13% | ||||||||||||||||||||
Discount rate | 10%, lagged 2 years | ||||||||||||||||||||
Recovery probability | |||||||||||||||||||||
At December 31, 2013, the significant unobservable inputs used in the fair value measurement of the Corporation’s pooled trust preferred security are collateral default rate, yield, and prepayment speed. At December 31, 2012, the significant unobservable inputs used in the fair value measurement of the Corporation’s pooled trust preferred security are collateral default rate, yield, and recovery probability. Significant increases in specific-issuer default assumptions or decreases in specific-issuer recovery assumptions would result in a significantly lower fair value measurement. Conversely, decreases in specific-issuer default assumptions or increases in specific-issuer recovery assumptions would result in a higher fair value measurement. | |||||||||||||||||||||
During the year ended December 31, 2013, $52,631 of available for sale Pooled SBA securities reported as Level 1 securities as of the beginning of the year were transferred to the Level 2 category since the Corporation could not obtain quoted prices for identical assets in active markets. | |||||||||||||||||||||
During the year ended December 31, 2012, the following available for sale securities reported as Level 1 securities as of the beginning of the year were transferred to the Level 2 category: | |||||||||||||||||||||
2012 | |||||||||||||||||||||
U.S. Government sponsored entities | $ | 2,000 | |||||||||||||||||||
States and political subdivisions | 4,655 | ||||||||||||||||||||
Residential and multi-family mortgage | 8,577 | ||||||||||||||||||||
Total | $ | 15,232 | |||||||||||||||||||
These securities were transferred from the Level 1 category to the Level 2 category since there were no longer quoted prices for identical assets in active markets that the Corporation had the ability to access. There were no transfers of securities from Level 2 to Level 1 during the years ended December 31, 2013 or 2012. The Corporation’s policy for determining when a transfer between the Level 1 and Level 2 categories has occurred is to monitor and report such transfers as of each quarterly reporting period. | |||||||||||||||||||||
Assets and liabilities measured at fair value on a non-recurring basis are as follows at December 31, 2013 and 2012: | |||||||||||||||||||||
Fair Value Measurements at December 31, 2013 Using | |||||||||||||||||||||
Description | Total | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable | Unobservable | |||||||||||||||||||
Identical Assets | Inputs | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Assets: | |||||||||||||||||||||
Impaired loans: | |||||||||||||||||||||
Commercial mortgages | $ | 3,000 | 0 | 0 | $ | 3,000 | |||||||||||||||
Commercial, industrial, and agricultural | 3,706 | 0 | 0 | 3,706 | |||||||||||||||||
Fair Value Measurements at December 31, 2012 Using | |||||||||||||||||||||
Description | Total | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable | Unobservable | |||||||||||||||||||
Identical Assets | Inputs | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Assets: | |||||||||||||||||||||
Impaired loans: | |||||||||||||||||||||
Commercial mortgages | $ | 8,422 | $ | 0 | $ | 0 | $ | 8,422 | |||||||||||||
Commercial, industrial, and agricultural | 1,973 | 0 | 0 | 1,973 | |||||||||||||||||
Residential real estate | 402 | 0 | 0 | 402 | |||||||||||||||||
Impaired loans, which are measured for impairment using the fair value of collateral for collateral dependent loans, had a principal balance of $8,161, with a valuation allowance of $1,455 as of December 31, 2013, resulting in an additional provision for loan losses of $1,415 for the year then ended. Impaired loans had a principal balance of $12,535, with a valuation allowance of $1,738 as of December 31, 2012, resulting in an additional provision for loan losses of $2,558 for the year then ended. | |||||||||||||||||||||
The estimated fair values of impaired collateral dependent loans such as commercial or residential mortgages are determined primarily through third-party appraisals. When a collateral dependent loan, such as a commercial or residential mortgage loan, becomes impaired, a decision is made regarding whether an updated certified appraisal of the real estate is necessary. This decision is based on various considerations, including the age of the most recent appraisal, the loan-to-value ratio based on the original appraisal, and the condition of the property. Appraised values are discounted to arrive at the estimated selling price of the collateral and a further reduction for estimated costs to sell the property is applied, which results in an amount that is considered to be the estimated fair value. If a loan becomes impaired and the appraisal of related loan collateral is outdated, management applies an appropriate adjustment factor based on its experience with current valuations of similar collateral in determining the loan’s estimated fair value and resulting allowance for loan losses. Third-party appraisals are not customarily obtained in respect of unimpaired loans, unless in management’s view changes in circumstances warrant obtaining an updated appraisal. | |||||||||||||||||||||
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2013: | |||||||||||||||||||||
Fair | Valuation | Unobservable | Range | ||||||||||||||||||
value | Technique | Inputs | (Weighted | ||||||||||||||||||
Average) | |||||||||||||||||||||
Impaired loans – commercial mortgages | $ | 3,000 | Sales comparison approach | Adjustment for differences between the comparable sales | 17%—61% (22%) | ||||||||||||||||
Impaired loans – commercial, industrial, and agricultural | $ | 3,274 | Sales comparison approach | Adjustment for differences between the comparable sales | 9% | ||||||||||||||||
Impaired loans – commercial, industrial, and agricultural | $ | 432 | Income approach | Adjustment for differences in net operating income | 2% | ||||||||||||||||
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2012: | |||||||||||||||||||||
Fair | Valuation | Unobservable | Range | ||||||||||||||||||
value | Technique | Inputs | (Weighted Average) | ||||||||||||||||||
Impaired loans – commercial mortgages | $ | 8,422 | Sales comparison approach | Adjustment for differences between the comparable sales | 1%—39% (19%) | ||||||||||||||||
Impaired loans – commercial, industrial, and agricultural | $ | 1,973 | Income approach | Adjusting for differences in net operating income | 24%—38% (27%) | ||||||||||||||||
Impaired loans – residential real estate | $ | 402 | Sales comparison approach | Adjustment for differences between the comparable sales | 10%—15% (11%) | ||||||||||||||||
Fair Value of Financial Instruments | |||||||||||||||||||||
The following table presents the carrying amount and fair value of financial instruments at December 31, 2013: | |||||||||||||||||||||
Carrying | Fair Value Measurement Using: | Total | |||||||||||||||||||
Amount | Level 1 | Level 2 | Level 3 | Fair Value | |||||||||||||||||
ASSETS | |||||||||||||||||||||
Cash and cash equivalents | $ | 29,633 | $ | 29,633 | $ | 0 | $ | 0 | $ | 29,633 | |||||||||||
Interest bearing time deposits with other banks | 275 | 0 | 274 | 0 | 274 | ||||||||||||||||
Securities available for sale | 685,991 | 985 | 684,345 | 661 | 685,991 | ||||||||||||||||
Trading securities | 4,127 | 3,923 | 204 | 0 | 4,127 | ||||||||||||||||
Loans held for sale | 487 | 0 | 507 | 0 | 507 | ||||||||||||||||
Net loans | 1,279,129 | 0 | 0 | 1,276,622 | 1,276,622 | ||||||||||||||||
FHLB and other equity interests | 7,533 | n/a | n/a | n/a | n/a | ||||||||||||||||
Accrued interest receivable | 8,032 | 368 | 3,302 | 4,362 | 8,032 | ||||||||||||||||
LIABILITIES | |||||||||||||||||||||
Deposits | $ | (1,835,314 | ) | $ | (1,569,552 | ) | $ | (265,237 | ) | $ | 0 | $ | (1,834,789 | ) | |||||||
FHLB and other borrowings | (87,950 | ) | 0 | (87,833 | ) | 0 | (87,833 | ) | |||||||||||||
Subordinated debentures | (20,620 | ) | 0 | (11,178 | ) | 0 | (11,178 | ) | |||||||||||||
Interest rate swaps | (1,116 | ) | 0 | (1,116 | ) | 0 | (1,116 | ) | |||||||||||||
Accrued interest payable | (868 | ) | (200 | ) | (653 | ) | (15 | ) | (868 | ) | |||||||||||
The following table presents the carrying amount and fair value of financial instruments at December 31, 2012: | |||||||||||||||||||||
Carrying | Fair Value Measurement Using: | Total | |||||||||||||||||||
Amount | Level 1 | Level 2 | Level 3 | Fair Value | |||||||||||||||||
ASSETS | |||||||||||||||||||||
Cash and cash equivalents | $ | 31,881 | $ | 31,881 | $ | 0 | $ | 0 | $ | 31,881 | |||||||||||
Interest bearing time deposits with other banks | 225 | 0 | 281 | 0 | 281 | ||||||||||||||||
Securities available for sale | 737,311 | 54,169 | 680,562 | 2,580 | 737,311 | ||||||||||||||||
Trading securities | 4,459 | 4,300 | 159 | 0 | 4,459 | ||||||||||||||||
Loans held for sale | 2,398 | 0 | 2,460 | 0 | 2,460 | ||||||||||||||||
Net loans | 913,764 | 0 | 0 | 946,238 | 946,238 | ||||||||||||||||
FHLB and other equity interests | 6,684 | n/a | n/a | n/a | n/a | ||||||||||||||||
Accrued interest receivable | 6,863 | 278 | 3,498 | 3,087 | 6,863 | ||||||||||||||||
LIABILITIES | |||||||||||||||||||||
Deposits | $ | (1,485,003 | ) | $ | (1,272,060 | ) | $ | (215,485 | ) | $ | 0 | $ | (1,487,545 | ) | |||||||
FHLB and other borrowings | (97,806 | ) | 0 | (105,850 | ) | 0 | (105,850 | ) | |||||||||||||
Subordinated debentures | (20,620 | ) | 0 | (10,682 | ) | 0 | (10,682 | ) | |||||||||||||
Interest rate swaps | (1,745 | ) | 0 | (1,745 | ) | 0 | (1,745 | ) | |||||||||||||
Accrued interest payable | (1,022 | ) | (301 | ) | (707 | ) | (14 | ) | (1,022 | ) | |||||||||||
The methods and assumptions, not otherwise presented, used to estimate fair values are described as follows: | |||||||||||||||||||||
Cash and cash equivalents: The carrying amounts of cash and cash equivalents approximate fair values and are classified as Level 1. | |||||||||||||||||||||
Interest bearing time deposits with other banks: The fair value of interest bearing time deposits with other banks is estimated using a discounted cash flow calculation that applies interest rates currently being offered to a schedule of aggregated expected monthly maturities, resulting in a Level 2 classification. | |||||||||||||||||||||
Loans held for sale: The fair value of loans held for sale is estimated based upon binding contracts and quotes from third party investors resulting in a Level 2 classification. | |||||||||||||||||||||
Loans: For variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values, resulting in a Level 3 classification. Fair values for other loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality, resulting in a Level 3 classification. Impaired loans are valued at the lower of cost or fair value as described previously. The methods utilized to estimate the fair value of loans do not necessarily represent an exit price. | |||||||||||||||||||||
FHLB and other equity interests: It is not practical to determine the fair value of Federal Home Loan Bank stock and other equity interests due to restrictions placed on the transferability of these instruments. | |||||||||||||||||||||
Accrued interest receivable: The carrying amount of accrued interest receivable approximates fair value resulting in a classification that is consistent with the asset with which it is associated. | |||||||||||||||||||||
Deposits: The fair values disclosed for demand deposits are, by definition, equal to the amount payable on demand at the reporting date (i.e. their carrying amount), resulting in a Level 1 classification. Fair values for time deposits are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits, resulting in a Level 2 classification. | |||||||||||||||||||||
FHLB and other borrowings: The fair values of the Corporation’s FHLB and other borrowings are estimated using discounted cash flow analyses based on the current borrowing rates for similar types of borrowing arrangements, resulting in a Level 2 classification. | |||||||||||||||||||||
Subordinated debentures: The fair value of the Corporation’s subordinated debentures are estimated using discounted cash flow analyses based on the current borrowing rates for similar types of arrangements, resulting in a Level 3 classification. | |||||||||||||||||||||
Accrued interest payable: The carrying amount of accrued interest payable approximates fair value resulting in a classification that is consistent with the liability with which it is associated. | |||||||||||||||||||||
While estimates of fair value are based on management’s judgment of the most appropriate factors as of the balance sheet date, there is no assurance that the estimated fair values would have been realized if the assets had been disposed of or the liabilities settled at that date, since market values may differ depending on various circumstances. The estimated fair values would also not apply to subsequent dates. | |||||||||||||||||||||
In addition, other assets and liabilities that are not financial instruments, such as premises and equipment, are not included in the disclosures. Also, non-financial assets such as, among other things, the estimated earnings power of core deposits, the earnings potential of trust accounts, the trained workforce, and customer goodwill, which typically are not recognized on the balance sheet, may have value but are not included in the fair value disclosures. |
Parent_Company_Only_Financial_
Parent Company Only Financial Information | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||
Parent Company Only Financial Information | ' | ||||||||||||
21. Parent Company Only Financial Information (Dollars in thousands) | |||||||||||||
CONDENSED BALANCE SHEETS | December 31, | ||||||||||||
2013 | 2012 | ||||||||||||
Assets | |||||||||||||
Cash | $ | 1,778 | $ | 2,029 | |||||||||
Trading securities | 276 | 229 | |||||||||||
Investment in bank subsidiary | 161,983 | 138,195 | |||||||||||
Investment in non-bank subsidiaries | 22,738 | 27,796 | |||||||||||
Deferred tax asset | 636 | 883 | |||||||||||
Other assets | 2,240 | 2,249 | |||||||||||
Total assets | $ | 189,651 | $ | 171,381 | |||||||||
Liabilities | |||||||||||||
Borrowings from subsidiary | $ | 1,350 | $ | 1,950 | |||||||||
Subordinated debentures | 20,620 | 20,620 | |||||||||||
Other liabilities | 2,770 | 3,447 | |||||||||||
Total liabilities | 24,740 | 26,017 | |||||||||||
Total shareholders’ equity | 164,911 | 145,364 | |||||||||||
Total liabilities and shareholders’ equity | $ | 189,651 | $ | 171,381 | |||||||||
CONDENSED STATEMENTS OF INCOME AND | Year Ended December 31, | ||||||||||||
COMPREHENSIVE INCOME | |||||||||||||
Income: | 2013 | 2012 | 2011 | ||||||||||
Dividends from: | |||||||||||||
Bank subsidiary | $ | 1,875 | $ | 7,990 | $ | 7,600 | |||||||
Non-bank subsidiaries | 6,674 | 0 | 0 | ||||||||||
Other | 208 | 208 | 146 | ||||||||||
Total income | 8,757 | 8,198 | 7,746 | ||||||||||
Expenses | (1,461 | ) | (1,457 | ) | (1,410 | ) | |||||||
Income before income taxes and equity in undistributed net income of subsidiaries: | 7,296 | 6,741 | 6,336 | ||||||||||
Income tax benefit | 438 | 438 | 443 | ||||||||||
Equity in undistributed net income of bank subsidiary | 14,080 | 8,682 | 7,162 | ||||||||||
Equity in undistributed net income (loss) of non-bank subsidiaries | (5,135 | ) | 1,275 | 1,163 | |||||||||
Net income | 16,679 | 17,136 | 15,104 | ||||||||||
Other Comprehensive Income (Loss): | |||||||||||||
Net change in unrealized gains/losses on available for sale securities, net of reclassification and tax | (23,675 | ) | 3,561 | 14,441 | |||||||||
Change in actuarial gain, net of amortization and tax, for post-employment health care plan, net of tax | (103 | ) | (349 | ) | (485 | ) | |||||||
Change in fair value of interest rate swap agreements designated as a cash flow hedge, net of tax | 409 | (49 | ) | (522 | ) | ||||||||
Total other comprehensive income (loss) | (23,369 | ) | 3,163 | 13,434 | |||||||||
Comprehensive income (loss) | $ | (6,690 | ) | $ | 20,299 | $ | 28,538 | ||||||
CONDENSED STATEMENTS OF CASH FLOWS | Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
Net income | |||||||||||||
Adjustments to reconcile net income to net cash provided by | $ | 16,679 | $ | 17,136 | $ | 15,104 | |||||||
operating activities: | |||||||||||||
Equity in undistributed net income of bank subsidiary | (14,080 | ) | (8,682 | ) | (7,162 | ) | |||||||
Equity in undistributed (net income) loss of non-bank subsidiaries | 5,135 | (1,275 | ) | (1,163 | ) | ||||||||
Net unrealized (gains) losses on trading securities | (47 | ) | (54 | ) | 2 | ||||||||
Decrease in other assets | 112 | 47 | 39 | ||||||||||
Increase in other liabilities | 384 | 384 | 334 | ||||||||||
Net cash provided by operating activities | 8,183 | 7,556 | 7,154 | ||||||||||
Cash flows from investing activities: | |||||||||||||
Purchase of securities | 0 | 0 | (100 | ) | |||||||||
Net cash used in investing activities | 0 | 0 | (100 | ) | |||||||||
Cash flows from financing activities: | |||||||||||||
Dividends paid | (8,573 | ) | (8,214 | ) | (8,125 | ) | |||||||
Proceeds from sale of treasury stock and option exercises | 739 | 951 | 1,447 | ||||||||||
Net advance to (repayment from) subsidiary | (600 | ) | (200 | ) | 400 | ||||||||
Net cash used in financing activities | (8,434 | ) | (7,463 | ) | (6,278 | ) | |||||||
Net increase (decrease) in cash | (251 | ) | 93 | 776 | |||||||||
Cash beginning of year | 2,029 | 1,936 | 1,160 | ||||||||||
Cash end of year | $ | 1,778 | $ | 2,029 | $ | 1,936 | |||||||
Other_Comprehensive_Income
Other Comprehensive Income | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||||||||||||||
Other Comprehensive Income | ' | ||||||||||||||||||||||||||||
22. Other Comprehensive Income | |||||||||||||||||||||||||||||
Other comprehensive income components and related tax effects were as follows for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||
Unrealized holding gains (losses) on available for sale securities | $ | (36,130 | ) | $ | 6,597 | $ | 22,457 | ||||||||||||||||||||||
Less reclassification adjustment for gains recognized in earnings | (355 | ) | (1,379 | ) | (614 | ) | |||||||||||||||||||||||
Net unrealized gains | (36,485 | ) | 5,218 | 21,843 | |||||||||||||||||||||||||
Tax effect | 12,770 | (1,826 | ) | (7,642 | ) | ||||||||||||||||||||||||
Net-of-tax amount | (23,715 | ) | 3,392 | 14,201 | |||||||||||||||||||||||||
Unrealized holding gains (losses) on available for sale securities for which a portion of an other-than-temporary impairment has been recognized in earnings | 61 | 260 | (28 | ) | |||||||||||||||||||||||||
Less reclassification adjustment for impairment loss recognized in earnings | 0 | 0 | 398 | ||||||||||||||||||||||||||
Net unrealized gains | 61 | 260 | 370 | ||||||||||||||||||||||||||
Tax effect | (21 | ) | (91 | ) | (130 | ) | |||||||||||||||||||||||
Net-of-tax amount | 40 | 169 | 240 | ||||||||||||||||||||||||||
Actuarial loss on postemployment health care plan | (219 | ) | (578 | ) | (757 | ) | |||||||||||||||||||||||
Net amortization of transition obligation and actuarial gain | 61 | 41 | 11 | ||||||||||||||||||||||||||
Net unrealized loss on postemployment health care plan | (158 | ) | (537 | ) | (746 | ) | |||||||||||||||||||||||
Tax effect | 55 | 188 | 261 | ||||||||||||||||||||||||||
Net-of-tax amount | (103 | ) | (349 | ) | (485 | ) | |||||||||||||||||||||||
Unrealized loss on interest rate swap | 229 | (465 | ) | (1,205 | ) | ||||||||||||||||||||||||
Less reclassification adjustment for losses recognized in earnings | 400 | 390 | 402 | ||||||||||||||||||||||||||
Net unrealized gain (loss) | 629 | (75 | ) | (803 | ) | ||||||||||||||||||||||||
Tax effect | (220 | ) | 26 | 281 | |||||||||||||||||||||||||
Net-of-tax amount | 409 | (49 | ) | (522 | ) | ||||||||||||||||||||||||
Other comprehensive income | $ | (23,369 | ) | $ | 3,163 | $ | 13,434 | ||||||||||||||||||||||
The following is a summary of the change in the accumulated other comprehensive income (loss) balance, net of tax, for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||||||||||||||||||
Balance | Increase | Balance | Increase | Balance | Increase | Balance | |||||||||||||||||||||||
1/1/11 | (Decrease) | 12/31/11 | (Decrease) | 12/31/12 | (Decrease) | 12/31/13 | |||||||||||||||||||||||
Unrealized gains (losses) on securities available for sale | $ | (1,963 | ) | $ | 14,441 | $ | 12,478 | $ | 3,561 | $ | 16,039 | $ | (23,675 | ) | $ | (7,636 | ) | ||||||||||||
Unrealized gain (loss) on postretirement benefits plan | (147 | ) | (485 | ) | (632 | ) | (349 | ) | (981 | ) | (103 | ) | (1,084 | ) | |||||||||||||||
Unrealized loss on interest rate swap | (563 | ) | (522 | ) | (1,085 | ) | (49 | ) | (1,134 | ) | 409 | (725 | ) | ||||||||||||||||
Total | $ | (2,673 | ) | $ | 13,434 | $ | 10,761 | $ | 3,163 | $ | 13,924 | $ | (23,369 | ) | $ | (9,445 | ) | ||||||||||||
Quarterly_Financial_Data_Unaud
Quarterly Financial Data (Unaudited) | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||||||
Quarterly Financial Data (Unaudited) | ' | ||||||||||||||||||||||||||||||||
23. Quarterly Financial Data (Unaudited) | |||||||||||||||||||||||||||||||||
The unaudited quarterly results of operations for the years ended December 31, 2013 and 2012 are as follows (in thousands, except per share data): | |||||||||||||||||||||||||||||||||
Quarters Ended in 2013 | Quarters Ended in 2012 | ||||||||||||||||||||||||||||||||
Mar. 31 | 30-Jun | Sept. 30 | Dec. 31 | Mar. 31 | 30-Jun | Sept. 30 | Dec. 31 | ||||||||||||||||||||||||||
Total interest and dividend income | $ | 16,704 | $ | 16,758 | $ | 17,465 | $ | 20,489 | $ | 16,824 | $ | 17,207 | $ | 17,133 | $ | 16,965 | |||||||||||||||||
Net interest income | 13,451 | 13,826 | 14,648 | 17,279 | 12,677 | 13,274 | 13,670 | 13,588 | |||||||||||||||||||||||||
Provision for loan losses | 930 | 3,115 | 846 | 1,247 | 1,104 | 1,746 | 1,188 | 2,343 | |||||||||||||||||||||||||
Non-interest income | 3,071 | 3,771 | 3,248 | 3,676 | 3,518 | 3,264 | 3,079 | 2,803 | |||||||||||||||||||||||||
Non-interest expense | 9,682 | 10,793 | 10,343 | 12,995 | 9,014 | 8,833 | 9,208 | 8,890 | |||||||||||||||||||||||||
Net income | 4,297 | 2,951 | 4,703 | 4,728 | 4,347 | 4,336 | 4,563 | 3,890 | |||||||||||||||||||||||||
Net income per share, basic | 0.34 | 0.24 | 0.38 | 0.33 | 0.35 | 0.35 | 0.37 | 0.31 | |||||||||||||||||||||||||
Net income per share, diluted | 0.34 | 0.24 | 0.38 | 0.33 | 0.35 | 0.35 | 0.37 | 0.31 | |||||||||||||||||||||||||
During the quarter ended December 31, 2013, the Corporation completed its acquisition of FC Banc Corp. FC Banc Corp. results of operations were included in the Corporation’s results beginning October 12, 2013. A provision for loan losses in the amount of $2,343 was recorded during the quarter ended December 31, 2012 as a result of specific reserves required for impaired loans in the commercial, industrial, and agricultural loan portfolio in the fourth quarter of 2012. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | |||
Dec. 31, 2013 | ||||
Accounting Policies [Abstract] | ' | |||
Business and Organization | ' | |||
Business and Organization | ||||
CNB Financial Corporation (the “Corporation”) is headquartered in Clearfield, Pennsylvania, and provides a full range of banking and related services through its wholly owned subsidiary, CNB Bank (the “Bank”). In addition, the Bank provides trust and asset management services, including the administration of trusts and estates, retirement plans, and other employee benefit plans as well as a full range of wealth management services. The Bank serves individual and corporate customers and is subject to competition from other financial institutions and intermediaries with respect to these services. In addition to the Bank, the Corporation also operates a consumer discount loan and finance business through its wholly owned subsidiary, Holiday Financial Services Corporation (“Holiday”). The Corporation and these and its other subsidiaries are subject to examination by federal and state regulators. The Corporation’s market area is primarily concentrated in the central and northwest regions of the Commonwealth of Pennsylvania and in the central region of the state of Ohio. | ||||
Basis of Financial Presentation | ' | |||
Basis of Financial Presentation | ||||
The financial statements are consolidated to include the accounts of the Corporation and the Bank, CNB Securities Corporation, Holiday, County Reinsurance Company, and CNB Insurance Agency. All significant intercompany accounts and transactions have been eliminated in the consolidated financial statements. | ||||
Use of Estimates | ' | |||
Use of Estimates | ||||
To prepare financial statements in conformity with accounting principles generally accepted in the U.S., management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and actual results could differ. The allowance for loan losses, carrying value of goodwill, mortgage servicing rights, fair value of assets acquired and liabilities assumed in connection with business combinations and fair values of securities and other financial instruments are particularly subject to change. | ||||
Operating Segments | ' | |||
Operating Segments | ||||
While the chief decision-makers monitor the revenue streams of the various products and services, operations are managed and financial performance is evaluated on a Corporation-wide basis, and operating segments are aggregated into one as operating results for all segments are similar. Accordingly, all of the financial service operations are considered by management to be aggregated in one reportable operating segment. | ||||
Interest Bearing Time Deposits with Other Banks | ' | |||
Interest Bearing Time Deposits with Other Banks | ||||
Interest-bearing deposits in other financial institutions mature within one year and are carried at cost. | ||||
Securities | ' | |||
Securities | ||||
When purchased, securities are classified as held to maturity, trading or available for sale. Debt securities are classified as held to maturity when the Corporation has the positive intent and ability to hold the securities to maturity. Held to maturity securities are carried at amortized cost. Debt or equity securities are classified as trading when purchased principally for the purpose of selling them in the near term, or when the fair value option has been elected. Trading securities are recorded at fair value with changes in fair value included in earnings in non-interest income. Available for sale securities are those securities not classified as held to maturity or trading and are carried at their fair value. Unrealized gains and losses, net of deferred tax, on securities classified as available for sale are recorded as other comprehensive income. Management has not classified any debt securities as held to maturity. | ||||
The amortized cost of debt securities classified as held to maturity or available for sale is adjusted for the amortization of premiums and the accretion of discounts over the period through contractual maturity or, in the case of mortgage-backed securities and collateralized mortgage obligations, over the estimated life of the security. Such amortization is included in interest income from securities. Gains and losses on securities sold are recorded on the trade date and based on the specific identification method. | ||||
Declines in the fair value of debt securities below their cost that are other than temporary and attributable to credit losses are reflected in earnings. Other-than-temporary impairment losses that are not attributable to credit losses are reported as a component of accumulated other comprehensive income. In estimating other-than-temporary losses, management considers: the length of time and extent that fair value has been less than cost, the financial condition and near term prospects of the issuer, and the Corporation’s intent to sell, or whether it is more likely than not that it will be required to sell a security in an unrealized loss position before recovery of its amortized cost basis. If the Corporation intends to sell a security or it is more likely than not it will be required to sell a security before recovery of its amortized cost basis, the entire difference between amortized cost and fair value is recognized as impairment through earnings. | ||||
Loans | ' | |||
Loans | ||||
Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding. | ||||
Interest income is reported on the interest method and includes amortization of net deferred loan fees and costs over the loan term. Interest income on commercial, industrial, and agricultural loans, commercial mortgage loans, and residential real estate loans is discontinued at the time the loan is 90 days delinquent unless the credit is well-secured and in process of collection. Consumer loans are typically charged off no later than 180 days past due. Past due status is based on the contractual terms of the loan. Loans, including loans modified in a troubled debt restructuring, are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. Nonaccrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. | ||||
All interest accrued but not received on loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. For all portfolio segments, loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. | ||||
Concentration of Credit Risk | ' | |||
Concentration of Credit Risk | ||||
Most of the Corporation’s business activity is with customers located within the Commonwealth of Pennsylvania and the state of Ohio. Therefore, the Corporation’s exposure to credit risk is significantly affected by changes in the economies of Pennsylvania and Ohio. | ||||
Purchased Credit Impaired Loans | ' | |||
Purchased Credit Impaired Loans | ||||
The Corporation purchased loans in connection with its acquisition of FC Banc Corp. in 2013, some of which have shown evidence of credit deterioration since origination. These purchased credit impaired loans are recorded at the amount paid, such that there is no carryover of the seller’s allowance for loan losses. After acquisition, losses are recognized by an increase in the allowance for loan losses. | ||||
Such purchased credit impaired loans are accounted for individually, and the Corporation estimates the amount and timing of expected cash flows for each loan. The expected cash flows in excess of the amount paid is recorded as interest income over the remaining life of the loan (accretable yield). The excess of the loan’s contractual principal and interest over expected cash flows is not recorded (nonaccretable difference). | ||||
Over the life of the loan, expected cash flows continue to be estimated. If the present value of expected cash flows is less than the carrying amount, a loss is recorded. If the present value of the expected cash flows is greater than the carrying amount, it is recognized as part of future interest income. | ||||
For loans purchased that did not show evidence of credit deterioration, the difference between the fair value of the loan at the acquisition date and the loan’s face value is being amortized as a yield adjustment over the estimated remaining life of the loan using the effective interest method. | ||||
Loans Held for Sale | ' | |||
Loans Held for Sale | ||||
Loans originated and intended for sale in the secondary market are carried at the lower of aggregate cost or fair value, as determined by outstanding commitments from investors. Net unrealized losses, if any, are recorded as a valuation allowance and charged to earnings. | ||||
Mortgage loans held for sale are generally sold with servicing rights retained. The carrying value of the mortgage loan sold is reduced by the amount allocated to the servicing right. Gains and losses on sales of mortgage loans are based on the difference between the selling price and the carrying value of the related loan sold. | ||||
Allowance for Loan Losses | ' | |||
Allowance for Loan Losses | ||||
The allowance for loan losses is a valuation allowance for probable incurred credit losses. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance account. | ||||
Management determines the adequacy of the allowance based on historical patterns of charge-offs and recoveries, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, industry experience, economic conditions, and other qualitative factors relevant to the collectability of the loan portfolio. While management believes that the allowance is adequate to absorb probable loan losses incurred at the balance sheet date, future adjustments may be necessary due to circumstances that differ substantially from the assumptions used in evaluating the adequacy of the allowance for loan losses. | ||||
The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired or loans otherwise classified as substandard or doubtful. A loan is impaired when, based on current information and events, it is probable that the Corporation will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans for which the terms have been modified, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings and classified as impaired. | ||||
Commercial and commercial real estate loans are individually evaluated for impairment. If a loan is impaired, a portion of the allowance is allocated so that the loan is reported, net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the collateral. Large groups of smaller balance homogeneous loans, such as consumer and residential real estate loans, are collectively evaluated for impairment, and accordingly, they are not separately identified for impairment disclosures. Troubled debt restructurings are measured at the present value of estimated future cash flows using the loan’s effective rate at inception. If a troubled debt restructuring is considered to be a collateral dependent loan, the loan is reported, net, at the fair value of the collateral. For troubled debt restructurings that subsequently default, the Corporation determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses. | ||||
The general component of the allowance for loan losses covers non-impaired loans and is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Corporation over the most recent 2 years. This actual loss experience is supplemented with other factors based on the risks present for each portfolio segment. These historical loss factors include consideration of the following: levels of and trends in delinquencies, non-accrual loans, and classified loans; trends in volume and terms of loans; effects of any changes in lending policies and procedures; experience, ability, and depth of management; national and local economic trends and conditions; and concentrations of credit. | ||||
The following portfolio segments, which are the same as the Corporation’s portfolio classifications and associated risk characteristics, have been identified: | ||||
— | Commercial, industrial, and agricultural – risk characteristics include recession-like economic conditions in many of the markets served by the Corporation and high levels of unemployment, which has caused consumer spending to slow. | |||
— | Commercial mortgages – the most significant risk characteristic is the subjectivity involved in real estate valuations for properties located in areas with stagnant or low growth economies. | |||
— | Residential real estate – risk characteristics include higher than historical levels of delinquencies and a weakened housing market. | |||
— | Consumer – risk characteristics include continuing weakness in industrial employment in many of the markets served by the Corporation and inflation. | |||
— | Credit cards – the most significant risk characteristic is the unsecured nature of credit card loans. | |||
— | Overdrafts – risk characteristics include the Corporation’s continued deposit growth and overall economic conditions which may lead to a greater likelihood of overdrawn deposit accounts. | |||
Acquired loans were recorded at fair value with no carryover of the related allowance for loan losses. Premiums and discounts recognized on acquired loans are recognized in earnings using the interest method. Credit losses on the acquired loan portfolio will be charged against the allowance for loan losses as incurred. | ||||
Federal Home Loan Bank (FHLB) Stock | ' | |||
Federal Home Loan Bank (FHLB) Stock | ||||
As a member of the Federal Home Loan Bank of Pittsburgh (“FHLB”), the Corporation is required to purchase and hold stock in the FHLB to satisfy membership and borrowing requirements. This stock is restricted in that it can only be sold to the FHLB or to another member institution, and all sales of FHLB stock must be at par. As a result of these restrictions, FHLB stock is unlike other investment securities insofar as there is no trading market for FHLB stock and the transfer price is determined by FHLB membership rules and not by market participants. | ||||
FHLB stock is held as a long-term investment, is valued at its cost basis and is analyzed for impairment based on the ultimate recoverability of the par value. The Company evaluates impairment quarterly. The decision of whether impairment exists is a matter of judgment that reflects our view of the FHLB’s long-term performance, which includes factors such as the following: | ||||
— | its operating performance; | |||
— | the severity and duration of declines in the fair value of its net assets related to its capital stock amount; | |||
— | its commitment to make payments required by law or regulation and the level of such payments in relation to its operating performance; | |||
— | the impact of legislative and regulatory changes on the FHLB, and accordingly, on the members of FHLB; and | |||
— | its liquidity and funding position. | |||
Premises and Equipment | ' | |||
Premises and Equipment | ||||
Premises and equipment are stated at cost less accumulated depreciation. Depreciation of premises and equipment is computed principally by the straight line method. In general, useful lives range from 3 to 39 years with lives for furniture, fixtures and equipment ranging from 3 to 10 years and lives of buildings and building improvements ranging from 15 to 39 years. Amortization of leasehold improvements is computed using the straight-line method over useful lives of the leasehold improvements or the term of the lease, whichever is shorter. Maintenance, repairs and minor renewals are charged to expense as incurred. | ||||
Foreclosed Assets | ' | |||
Foreclosed Assets | ||||
Assets acquired through or in lieu of loan foreclosure are initially recorded at fair value less estimated selling costs when acquired, establishing a new cost basis, and are them carried at the lower of cost or fair value. If fair value declines, a valuation allowance is recorded through expense. Costs after acquisition are expensed. | ||||
Bank Owned Life Insurance | ' | |||
Bank Owned Life Insurance | ||||
The Corporation has purchased life insurance policies on certain key executives. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. | ||||
Goodwill and Other Intangible Assets | ' | |||
Goodwill and Other Intangible Assets | ||||
Goodwill resulting from business combinations prior to January 1, 2009 represents the excess of the purchase price over the fair value of the net assets of businesses acquired. Goodwill resulting from business combinations after January 1, 2009 is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interest in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a purchase business combination and determined to have an indefinite useful life are not amortized, but tested for impairment at least annually or more frequently if events and circumstances exist that indicate an impairment test should be performed. | ||||
The Corporation has selected December 31 as the date to perform the annual impairment test. Intangible assets with definite useful lives are amortized over their estimated useful lives. Goodwill is the only intangible asset with an indefinite life on the Corporation’s balance sheet. Other intangible assets consist of a core deposit intangible asset arising from the acquisition of FC Banc Corp. in 2013. The core deposit intangible asset is amortized using an accelerated method over its estimated useful life of 7 years. | ||||
Long-Term Assets | ' | |||
Long-term Assets | ||||
Premises and equipment, goodwill and other intangible assets, and other long-term assets are reviewed for impairment when events indicate their carrying amount may not be recoverable from future undiscounted cash flows. If impaired, the assets are recorded at fair value. | ||||
Loan Commitments and Related Financial Instruments | ' | |||
Loan Commitments and Related Financial Instruments | ||||
Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. | ||||
Derivatives | ' | |||
Derivatives | ||||
Derivative financial instruments are recognized as assets or liabilities at fair value. The Corporation has interest rate swap agreements which are used as part of its asset liability management to help manage interest rate risk. The Corporation does not use derivatives for trading purposes. | ||||
At the inception of a derivative contract, the Corporation designates the derivative as one of three types based on the purpose of the contract and belief as to its effectiveness as a hedge. These three types are (1) a hedge of the fair value of a recognized asset or liability or of an unrecognized firm commitment (“fair value hedge”), (2) a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow hedge”), or (3) an instrument with no hedging designation (“stand-alone derivative”). For a fair value hedge, the gain or loss on the derivative, as well as the offsetting loss or gain on the hedged item, are recognized in current earnings as fair values change. For a cash flow hedge, the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. For both types of hedges, changes in the fair value of derivatives that are not highly effective in hedging the changes in fair value or expected cash flows of the hedged item are recognized immediately in current earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in earnings, as noninterest income. | ||||
Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. | ||||
The Corporation formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions, at the inception of the hedging relationship. This documentation includes linking fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Corporation also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in fair values or cash flows of the hedged items. The Corporation discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended. | ||||
When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as noninterest income. When a fair value hedge is discontinued, the hedged asset or liability is no longer adjusted for changes in fair value and the existing basis adjustment is amortized or accreted over the remaining life of the asset or liability. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings. | ||||
Advertising Costs | ' | |||
Advertising Costs | ||||
Advertising costs are generally expensed as incurred and amounted to $939, $859, and $822, for 2013, 2012 and 2011 respectively. | ||||
Mortgage Servicing Rights | ' | |||
Mortgage Servicing Rights | ||||
Servicing rights are recognized separately when they are acquired through sales of loans. Servicing rights are initially recorded at fair value with the income statement effect recorded in gains on sales of loans. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. The Corporation compares the valuation model inputs and results to published industry data in order to validate the model results and assumptions. All classes of servicing assets are subsequently measured using the amortization method which requires servicing rights to be amortized into non-interest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. | ||||
Servicing rights are evaluated for impairment based upon the fair value of the rights as compared to carrying amount. Impairment is determined by stratifying rights into groupings based on predominant risk characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual grouping, to the extent that fair value is less than the carrying amount. If the Corporation later determines that all or a portion of the impairment no longer exists for a particular grouping, a reduction of the allowance may be recorded as an increase to income. Changes in valuation allowances are reported with mortgage banking income on the income statement. The fair values of servicing rights are subject to significant fluctuations as a result of changes in estimated and actual prepayment speeds and default rates and losses. | ||||
Servicing fee income, which is reported on the income statement as mortgage banking income, is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. The amortization of mortgage servicing rights is netted against loan servicing fee income. Late fees and ancillary fees related to loan servicing are not material. | ||||
Treasury Stock | ' | |||
Treasury Stock | ||||
The purchase of the Corporation’s common stock is recorded at cost. Purchases of the stock are made both in the open market and through negotiated private purchases based on market prices. At the date of subsequent reissue, the treasury stock account is reduced by the cost of such stock on a first-in-first-out basis. | ||||
Stock-Based Compensation | ' | |||
Stock-Based Compensation | ||||
The Corporation has a stock incentive plan for key employees and independent directors. The Stock Incentive Plan, which is administered by a committee of the Board of Directors, provides for up to 500,000 shares of common stock in the form of nonqualified options or restricted stock. For key employees, the plan vesting schedule is one-fourth of granted stock-based awards per year beginning one year after the grant date with 100% vested on the fourth anniversary. For independent directors, the vesting schedule is one-third of granted stock-based awards per year beginning one year after the grant date with 100% vested on the third anniversary. | ||||
At December 31, 2013 and 2012, there was no unrecognized compensation cost related to nonvested stock options granted under this plan, and no stock options were granted during the years then ended. | ||||
During 2013, 2012 and 2011, the Executive Compensation and Personnel Committee of the Board of Directors granted a total of 31,500, 26,900 and 17,900 shares, respectively, of restricted common stock to certain key employees and all independent directors of the Corporation. Compensation expense for the restricted stock awards is recognized over the requisite service period based on the fair value of the shares at the date of grant on a straight-line basis. Unearned restricted stock awards are recorded as a reduction of shareholders’ equity until earned. Compensation expense resulting from these restricted stock awards was $390, $277 and $213 for the years ended December 31, 2013, 2012 and 2011, respectively. | ||||
Comprehensive Income | ' | |||
Comprehensive Income | ||||
The Corporation presents comprehensive income as part of the Consolidated Statement of Income and Comprehensive Income. Other comprehensive income (loss) consists of unrealized holding gains (losses) on the available for sale securities portfolio, changes in the unrecognized actuarial gain and transition obligation related to the Corporation’s post retirement benefits plans, and changes in the fair value of the Corporation’s interest rate swaps. | ||||
Income Taxes | ' | |||
Income Taxes | ||||
The Corporation files a consolidated U.S. income tax return that includes all subsidiaries except County Reinsurance Company which files a separate return. Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. | ||||
A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. | ||||
The Corporation recognizes interest and/or penalties related to income tax matters in income tax expense. | ||||
Retirement Plans | ' | |||
Retirement Plans | ||||
The Corporation’s expense associated with its 401(k) plan is determined under the provisions of the plan document and includes both matching and profit sharing components. Deferred compensation and supplemental retirement plan expenses allocate the benefits over years of service. | ||||
Earnings Per Share | ' | |||
Earnings Per Share | ||||
Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of shares outstanding during the applicable period, excluding outstanding participating securities. Diluted earnings per share is computed using the weighted average number of shares determined for the basic computation plus the dilutive effect of potential common shares issuable under certain stock compensation plans. Unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and are included in the computation of earnings per share pursuant to the two-class method. The Corporation has determined that its outstanding non-vested stock awards are participating securities. | ||||
Cash and Cash Equivalents | ' | |||
Cash and Cash Equivalents | ||||
For purposes of the consolidated statement of cash flows, the Corporation defines cash and cash equivalents as cash and due from banks, interest bearing deposits with other banks, and Federal funds sold. Net cash flows are reported for customer loan and deposit transactions, interest bearing time deposits with other banks and borrowings with original maturities of 90 days or less. | ||||
Restrictions on Cash | ' | |||
Restrictions on Cash | ||||
The Bank is required to maintain average reserve balances with the Federal Reserve Bank or in vault cash. The average amount of these non-interest bearing reserve balances for the year ended December 31, 2013 and 2012, was $50, which was maintained in vault cash. Note 12 to the consolidated financial statements discloses the cash collateral balances required to be maintained in connection with the Corporation’s interest rate swaps. | ||||
Loss Contingencies | ' | |||
Loss Contingencies | ||||
Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there are any such matters that will have a material effect on the financial statements. | ||||
Fair Value of Financial Instruments | ' | |||
Fair Value of Financial Instruments | ||||
Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in a separate note. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates. | ||||
Adoption of New Accounting Standards | ' | |||
Adoption of New Accounting Standards | ||||
In February 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” (ASU 2013-02). ASU 2013-02 requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under U.S. GAAP that provide additional detail about these amounts. The effect of adopting ASU 2013-02 did not have a material effect on the Corporation’s financial statements. | ||||
In July 2013, the FASB issued Accounting Standards Update 2013-10, “Derivatives and Hedging (Topic 815), Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes” (ASU 2013-10). ASU 2013-10 was issued to permit the Fed Funds Effective Swap Rate to be used as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815, in addition to direct Treasury obligations of the U.S. Government and the London Interbank Offered Rate (LIBOR) swap rate. ASU 2013-10 is effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. The adoption of ASU 2013-10 did not have a material effect on the Corporation’s financial statements. | ||||
Effect of Newly Issued But Not Yet Effective Accounting Standards | ' | |||
Effect of Newly Issued But Not Yet Effective Accounting Standards | ||||
In February 2013, the FASB issued Accounting Standards Update 2013-04, “Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date” (ASU 2013-04). ASU 2013-04 provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of the guidance is fixed at the reporting date, except for obligations addressed within existing guidance in U.S. GAAP. ASU 2013-04 is effective for reporting periods beginning after December 15, 2013. The effect of adopting ASU 2013-04 is not expected to have a material effect on the Corporation’s financial statements. | ||||
In July 2013, the FASB issued Accounting Standards Update 2013-11, “Income Taxes (Topic 740), Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (ASU 2013-11). ASU 2013-11 was issued to clarify the financial presentation of unrecognized tax benefits in the instances described. ASU 2013-11 is effective for reporting periods beginning after December 15, 2013. The effect of adopting ASU 2013-11 is not expected to have a material effect on the Corporation’s financial statements. | ||||
In January 2014, the FASB issued Accounting Standards Update 2014-04, “Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40)” (ASU 2014-04). The amendments in ASU 2014-04 clarify the circumstances under which an in substance repossession or foreclosure occurs and when a creditor is considered to have received physical possession of a residential real estate property collateralizing a residential real estate loan. The amendments in ASU 2014-04 also require interim and annual disclosure of the amount of foreclosed residential real estate property held by the creditor and the recorded investment in loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. ASU 2014-04 is effective for reporting periods beginning after December 15, 2014. The effect of adopting ASU 2014-04 is not expected to have a material effect on the Corporation’s financial statements. | ||||
Reclassifications | ' | |||
Reclassifications | ||||
Certain prior year amounts have been reclassified for comparative purposes. |
Business_Combination_Tables
Business Combination (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Business Combinations [Abstract] | ' | ||||||||
Schedule of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed | ' | ||||||||
The following table summarizes the consideration paid for FC Banc Corp. and the amounts of the assets acquired and liabilities assumed that were recognized at the acquisition date: | |||||||||
Consideration paid: | |||||||||
Cash | $ | 8,013 | |||||||
Common stock | 33,561 | ||||||||
Fair value of total consideration transferred | 41,574 | ||||||||
Recognized amounts of identifiable assets acquired and liabilities assumed: | |||||||||
Cash and cash equivalents | 54,995 | ||||||||
Securities available for sale | 34,214 | ||||||||
Loans | 247,737 | ||||||||
FHLB and other equity interests | 1,789 | ||||||||
Premises and equipment | 4,328 | ||||||||
Bank owned life insurance | 3,955 | ||||||||
Mortgage servicing rights | 83 | ||||||||
Core deposit intangible | 4,834 | ||||||||
Accrued interest receivable and other assets | 8,093 | ||||||||
Total assets acquired | 360,028 | ||||||||
Demand deposits | 248,812 | ||||||||
Time deposits | 83,214 | ||||||||
Accrued interest payable and other liabilities | 2,676 | ||||||||
Total liabilities assumed | 334,702 | ||||||||
Total identifiable net assets | 25,326 | ||||||||
Goodwill | $ | 16,248 | |||||||
Schedule of Pro Forma Information of Acquisition | ' | ||||||||
The following table presents pro forma information as if the acquisition had occurred at the beginning of 2012: | |||||||||
2013 | 2012 | ||||||||
Net interest income | $ | 68,723 | $ | 65,786 | |||||
Net income | 17,589 | 20,125 | |||||||
Basic earnings per share | 1.23 | 1.41 | |||||||
Diluted earnings per share | 1.23 | 1.41 |
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Computation of Basic and Diluted Earnings Per Share | ' | ||||||||||||
The computation of basic and diluted earnings per share is shown below (in thousands, except per share data). | |||||||||||||
Years Ended December 31 | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Basic earnings per common share computation | |||||||||||||
Net income per consolidated statements of income | $ | 16,679 | $ | 17,136 | $ | 15,104 | |||||||
Net earnings allocated to participating securities | (73 | ) | (62 | ) | (42 | ) | |||||||
Net earnings allocated to common stock | $ | 16,606 | $ | 17,074 | $ | 15,062 | |||||||
Distributed earnings allocated to common stock | $ | 8,532 | $ | 8,182 | $ | 8,101 | |||||||
Undistributed earnings allocated to common stock | 8,074 | 8,892 | 6,961 | ||||||||||
Net earnings allocated to common stock | $ | 16,606 | $ | 17,074 | $ | 15,062 | |||||||
Weighted average common shares outstanding, including shares considered participating securities | 12,929 | 12,441 | 12,306 | ||||||||||
Less: Average participating securities | (50 | ) | (41 | ) | (33 | ) | |||||||
Weighted average shares | 12,879 | 12,400 | 12,273 | ||||||||||
Basic earnings per common share | $ | 1.29 | $ | 1.38 | $ | 1.23 | |||||||
Diluted earnings per common share computation | |||||||||||||
Net earnings allocated to common stock | $ | 16,606 | $ | 17,074 | $ | 15,062 | |||||||
Weighted average common shares outstanding for basic earnings per common share | 12,879 | 12,400 | 12,273 | ||||||||||
Add: Dilutive effects of assumed exercises of stock options | 2 | 3 | 6 | ||||||||||
Weighted average shares and dilutive potential common shares | 12,881 | 12,403 | 12,279 | ||||||||||
Diluted earnings per common share | $ | 1.29 | $ | 1.38 | $ | 1.23 | |||||||
Securities_Tables
Securities (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||||||||||||||||||
Securities Available for Sale | ' | ||||||||||||||||||||||||||||||||
Securities available-for-sale at December 31, 2013 and 2012 are as follows: | |||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||||||
Amortized | Unrealized | Fair | Amortized | Unrealized | Fair | ||||||||||||||||||||||||||||
Cost | Gains | Losses | Value | Cost | Gains | Losses | Value | ||||||||||||||||||||||||||
U.S. Treasury | $ 0 | $ 0 | $ 0 | $ 0 | $ 4,018 | $ 18 | $ | 0 | $4,036 | ||||||||||||||||||||||||
U.S. Gov’t sponsored entities | 185,205 | 2,894 | -6,474 | 181,625 | 157,965 | 5,977 | (161 | ) | 163,781 | ||||||||||||||||||||||||
State & political subdivisions | 176,490 | 3,770 | -2,317 | 177,943 | 170,223 | 11,113 | (57 | ) | 181,279 | ||||||||||||||||||||||||
Residential & multi-family mortgage | 248,017 | 2,410 | -7,820 | 242,607 | 308,800 | 8,724 | (702 | ) | 316,822 | ||||||||||||||||||||||||
Commercial mortgage | 385 | 0 | -11 | 374 | 1,275 | 29 | 0 | 1,304 | |||||||||||||||||||||||||
Corporate notes & bonds | 15,744 | 65 | -1,734 | 14,075 | 17,368 | 26 | (2,370 | ) | 15,024 | ||||||||||||||||||||||||
Pooled trust preferred | 800 | 0 | -139 | 661 | 800 | 0 | (200 | ) | 600 | ||||||||||||||||||||||||
Pooled SBA | 70,077 | 688 | -3,044 | 67,721 | 50,667 | 2,277 | (17 | ) | 52,927 | ||||||||||||||||||||||||
Other securities | 1,020 | 0 | -35 | 985 | 1,521 | 17 | 0 | 1,538 | |||||||||||||||||||||||||
Total | $697,738 | $9,827 | ($21,574) | $685,991 | $712,637 | $28,181 | ($3,507) | $737,311 | |||||||||||||||||||||||||
Trading Securities | ' | ||||||||||||||||||||||||||||||||
Trading securities at December 31, 2013 and 2012 are as follows: | |||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||
Corporate equity securities | $ | 2,705 | $ | 3,117 | |||||||||||||||||||||||||||||
Certificates of deposit | 253 | 408 | |||||||||||||||||||||||||||||||
International mutual funds | 259 | 287 | |||||||||||||||||||||||||||||||
Large cap growth mutual funds | 197 | 157 | |||||||||||||||||||||||||||||||
Money market mutual funds | 124 | 110 | |||||||||||||||||||||||||||||||
Large cap value mutual funds | 129 | 104 | |||||||||||||||||||||||||||||||
Corporate notes and bonds | 152 | 101 | |||||||||||||||||||||||||||||||
Real estate investment trust mutual funds | 39 | 65 | |||||||||||||||||||||||||||||||
U.S. Government sponsored entities | 52 | 58 | |||||||||||||||||||||||||||||||
Small cap mutual funds | 83 | 26 | |||||||||||||||||||||||||||||||
Mid cap mutual funds | 84 | 26 | |||||||||||||||||||||||||||||||
Commodities mutual funds | 50 | 0 | |||||||||||||||||||||||||||||||
Total | $ | 4,127 | $ | 4,459 | |||||||||||||||||||||||||||||
Securities with Unrealized Losses Aggregated by Investment Category and Length of Time that Individual Securities have been in Continuous Unrealized Loss Position | ' | ||||||||||||||||||||||||||||||||
Securities with unrealized losses at December 31, 2013 and 2012, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows: | |||||||||||||||||||||||||||||||||
December 31, 2013 | Less than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||||||||||
Description of Securities | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||||||||||
U.S. Treasury | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||||||||||||||
U.S. Gov’t sponsored entities | 95,677 | (5,394 | ) | 17,964 | (1,080 | ) | 113,641 | (6,474 | ) | ||||||||||||||||||||||||
State & political subdivisions | 57,526 | (2,192 | ) | 5,324 | (125 | ) | 62,850 | (2,317 | ) | ||||||||||||||||||||||||
Residential & multi-family mortgage | 150,229 | (6,806 | ) | 16,608 | (1,014 | ) | 166,837 | (7,820 | ) | ||||||||||||||||||||||||
Commercial mortgage | 374 | (11 | ) | 0 | 0 | 374 | (11 | ) | |||||||||||||||||||||||||
Corporate notes & bonds | 0 | 0 | 9,662 | (1,734 | ) | 9,662 | (1,734 | ) | |||||||||||||||||||||||||
Pooled trust preferred | 0 | 0 | 661 | (139 | ) | 661 | (139 | ) | |||||||||||||||||||||||||
Pooled SBA | 36,842 | (2,296 | ) | 8,277 | (748 | ) | 45,119 | (3,044 | ) | ||||||||||||||||||||||||
Other securities | 985 | (35 | ) | 0 | 0 | 985 | (35 | ) | |||||||||||||||||||||||||
$ | 341,633 | $ | (16,734 | ) | $ | 58,496 | $ | (4,840 | ) | $ | 400,129 | $ | (21,574 | ) | |||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||
U.S. Treasury | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||||||||||||||
U.S. Gov’t sponsored entities | 41,715 | (161 | ) | 0 | 0 | 41,715 | (161 | ) | |||||||||||||||||||||||||
State & political subdivisions | 7,857 | (57 | ) | 0 | 0 | 7,857 | (57 | ) | |||||||||||||||||||||||||
Residential and multi-family mortgage | 32,159 | (688 | ) | 4,254 | (14 | ) | 36,413 | (702 | ) | ||||||||||||||||||||||||
Commercial mortgage | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||
Corporate notes & bonds | 0 | 0 | 13,002 | (2,370 | ) | 13,002 | (2,370 | ) | |||||||||||||||||||||||||
Pooled trust preferred | 0 | 0 | 600 | (200 | ) | 600 | (200 | ) | |||||||||||||||||||||||||
Pooled SBA | 3,521 | (17 | ) | 0 | 0 | 3,521 | (17 | ) | |||||||||||||||||||||||||
Other securities | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||
$ | 85,252 | $ | (923 | ) | $ | 17,856 | $ | (2,584 | ) | $ | 103,108 | $ | (3,507 | ) | |||||||||||||||||||
Summary of Structured Pooled Trust Preferred Securities | ' | ||||||||||||||||||||||||||||||||
The following table provides detailed information related to the Corporation’s structured pooled trust preferred securities as of December 31, 2013 and for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||||||||||||||||||||||
As of December 31, 2013 | Credit Losses Realized in | ||||||||||||||||||||||||||||||||
Earnings | |||||||||||||||||||||||||||||||||
Adjusted | Unrealized | Fair | Year Ended December 31, | ||||||||||||||||||||||||||||||
Amortized | |||||||||||||||||||||||||||||||||
Cost | Gain (Loss) | Value | 2013 | 2012 | 2011 | ||||||||||||||||||||||||||||
ALESCO Preferred Funding V, Ltd. | $ | 800 | $ | (139 | ) | $ | 661 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||||
ALESCO Preferred Funding XII, Ltd. | 0 | 0 | 0 | 0 | 0 | 280 | |||||||||||||||||||||||||||
ALESCO Preferred Funding XVII, Ltd. | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||
Preferred Term Securities XVI, Ltd. | 0 | 0 | 0 | 0 | 0 | 118 | |||||||||||||||||||||||||||
US Capital Funding VI, Ltd. | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||
Total | $ | 800 | $ | (139 | ) | $ | 661 | $ | 0 | $ | 0 | $ | 398 | ||||||||||||||||||||
Roll-Forward of Other-Than-Temporary Impairment Amount Related to Credit Losses | ' | ||||||||||||||||||||||||||||||||
A roll-forward of the other-than-temporary impairment amount related to credit losses for the years ended December 31, 2013, 2012 and 2011 is as follows: | |||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||
Balance of credit losses on debt securities for which a portion of other-than-temporary impairment was recognized in earnings, beginning of period | $ | 4,054 | $ | 4,054 | $ | 3,656 | |||||||||||||||||||||||||||
Additional credit loss for which other-than-temporary impairment was not previously recognized | 0 | 0 | 0 | ||||||||||||||||||||||||||||||
Additional credit loss for which other-than-temporary impairment was previously recognized | 0 | 0 | 398 | ||||||||||||||||||||||||||||||
Balance of credit losses on debt securities for which a portion of other-than-temporary impairment was recognized in earnings, end of period | $ | 4,054 | $ | 4,054 | $ | 4,054 | |||||||||||||||||||||||||||
Schedule of Contractual Maturity of Securities Available for Sale, Excluding Equity Securities | ' | ||||||||||||||||||||||||||||||||
The following is a schedule of the contractual maturity of securities available for sale, excluding equity securities, at December 31, 2013: | |||||||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||
Amortized | Fair Value | ||||||||||||||||||||||||||||||||
Cost | |||||||||||||||||||||||||||||||||
1 year or less | $ | 31,192 | $ | 30,902 | |||||||||||||||||||||||||||||
1 year – 5 years | 141,228 | 141,410 | |||||||||||||||||||||||||||||||
5 years – 10 years | 165,713 | 163,735 | |||||||||||||||||||||||||||||||
After 10 years | 40,106 | 38,257 | |||||||||||||||||||||||||||||||
378,239 | 374,304 | ||||||||||||||||||||||||||||||||
Residential and multi-family mortgage | 248,017 | 242,607 | |||||||||||||||||||||||||||||||
Pooled SBA | 70,077 | 67,721 | |||||||||||||||||||||||||||||||
Commercial mortgage | 385 | 374 | |||||||||||||||||||||||||||||||
Total debt securities | $ | 696,718 | $ | 685,006 | |||||||||||||||||||||||||||||
Information Pertaining to Security Sales | ' | ||||||||||||||||||||||||||||||||
Information pertaining to security sales is as follows: | |||||||||||||||||||||||||||||||||
Year ended December 31 | Proceeds | Gross Gains | Gross Losses | ||||||||||||||||||||||||||||||
2013 | $ | 35,633 | $ | 849 | $ | 494 | |||||||||||||||||||||||||||
2012 | 125,579 | 1,809 | 430 | ||||||||||||||||||||||||||||||
2011 | 69,740 | 878 | 264 |
Loans_Tables
Loans (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule of Net Loans | ' | ||||||||||||||||||||||||||||
Total net loans at December 31, 2013 and 2012 are summarized as follows: | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 291,704 | $ | 257,091 | |||||||||||||||||||||||||
Commercial mortgages | 467,292 | 261,791 | |||||||||||||||||||||||||||
Residential real estate | 471,298 | 347,904 | |||||||||||||||||||||||||||
Consumer | 63,491 | 58,668 | |||||||||||||||||||||||||||
Credit cards | 5,065 | 4,800 | |||||||||||||||||||||||||||
Overdrafts | 409 | 971 | |||||||||||||||||||||||||||
Less: unearned discount | (3,896 | ) | (3,401 | ) | |||||||||||||||||||||||||
allowance for loan losses | (16,234 | ) | (14,060 | ) | |||||||||||||||||||||||||
Loans, net | $ | 1,279,129 | $ | 913,764 | |||||||||||||||||||||||||
Allowance for Loan Losses | ' | ||||||||||||||||||||||||||||
Transactions in the allowance for loan losses for the year ended December 31, 2013 were as follows: | |||||||||||||||||||||||||||||
Commercial, | Commercial | Residential | Consumer | Credit | Overdrafts | Total | |||||||||||||||||||||||
Industrial, and | Mortgages | Real | Cards | ||||||||||||||||||||||||||
Agricultural | Estate | ||||||||||||||||||||||||||||
Allowance for loan losses, January 1, 2013 | $ | 4,940 | $ | 4,697 | $ | 2,466 | $ | 1,699 | $ | 83 | $ | 175 | $ | 14,060 | |||||||||||||||
Charge-offs | (958 | ) | (1,931 | ) | (467 | ) | (1,919 | ) | (97 | ) | (258 | ) | (5,630 | ) | |||||||||||||||
Recoveries | 7 | 1,430 | 5 | 114 | 16 | 94 | 1,666 | ||||||||||||||||||||||
Provision for loan losses | 2,290 | 1,273 | 876 | 1,439 | 64 | 196 | 6,138 | ||||||||||||||||||||||
Allowance for loan losses, December 31, 2013 | $ | 6,279 | $ | 5,469 | $ | 2,880 | $ | 1,333 | $ | 66 | $ | 207 | $ | 16,234 | |||||||||||||||
Transactions in the allowance for loan losses for the year ended December 31, 2012 were as follows: | |||||||||||||||||||||||||||||
Commercial, | Commercial | Residential | Consumer | Credit | Overdrafts | Total | |||||||||||||||||||||||
Industrial, and | Mortgages | Real | Cards | ||||||||||||||||||||||||||
Agricultural | Estate | ||||||||||||||||||||||||||||
Allowance for loan losses, January 1, 2012 | $ | 4,511 | $ | 4,470 | $ | 1,991 | $ | 1,404 | $ | 71 | $ | 168 | $ | 12,615 | |||||||||||||||
Charge-offs | (2,871 | ) | (401 | ) | (304 | ) | (1,279 | ) | (78 | ) | (257 | ) | (5,190 | ) | |||||||||||||||
Recoveries | 45 | 0 | 1 | 91 | 18 | 99 | 254 | ||||||||||||||||||||||
Provision for loan losses | 3,255 | 628 | 778 | 1,483 | 72 | 165 | 6,381 | ||||||||||||||||||||||
Allowance for loan losses, December 31, 2012 | $ | 4,940 | $ | 4,697 | $ | 2,466 | $ | 1,699 | $ | 83 | $ | 175 | $ | 14,060 | |||||||||||||||
Transactions in the allowance for loan losses for the year ended December 31, 2011 were as follows: | |||||||||||||||||||||||||||||
Commercial, | Commercial | Residential | Consumer | Credit | Overdrafts | Total | |||||||||||||||||||||||
Industrial, and | Mortgages | Real | Cards | ||||||||||||||||||||||||||
Agricultural | Estate | ||||||||||||||||||||||||||||
Allowance for loan losses, January 1, 2011 | $ | 3,517 | $ | 3,511 | $ | 1,916 | $ | 1,561 | $ | 96 | $ | 219 | $ | 10,820 | |||||||||||||||
Charge-offs | (1,796 | ) | (175 | ) | (217 | ) | (907 | ) | (39 | ) | (222 | ) | (3,356 | ) | |||||||||||||||
Recoveries | 9 | 0 | 13 | 88 | 10 | 94 | 214 | ||||||||||||||||||||||
Provision for loan losses | 2,781 | 1,134 | 279 | 662 | 4 | 77 | 4,937 | ||||||||||||||||||||||
Allowance for loan losses, December 31, 2011 | $ | 4,511 | $ | 4,470 | $ | 1,991 | $ | 1,404 | $ | 71 | $ | 168 | $ | 12,615 | |||||||||||||||
Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment | ' | ||||||||||||||||||||||||||||
The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and is based on the Corporation’s impairment method as of December 31, 2013 and 2012. The recorded investment in loans excludes accrued interest and unearned discounts due to their insignificance. | |||||||||||||||||||||||||||||
December 31, 2013 | Commercial, | Commercial | Residential | Consumer | Credit | Overdrafts | Total | ||||||||||||||||||||||
Industrial, and | Mortgages | Real | Cards | ||||||||||||||||||||||||||
Agricultural | Estate | ||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 372 | $ | 55 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 427 | |||||||||||||||
Collectively evaluated for impairment | 5,907 | 3,959 | 2,880 | 1,333 | 66 | 207 | 14,352 | ||||||||||||||||||||||
Acquired with deteriorated credit quality | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
Modified in a troubled debt restructuring | 0 | 1,455 | 0 | 0 | 0 | 0 | 1,455 | ||||||||||||||||||||||
Total ending allowance balance | $ | 6,279 | $ | 5,469 | $ | 2,880 | $ | 1,333 | $ | 66 | $ | 207 | $ | 16,234 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 4,923 | $ | 1,249 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 6,172 | |||||||||||||||
Collectively evaluated for impairment | 285,518 | 452,945 | 471,298 | 63,491 | 5,065 | 409 | 1,278,726 | ||||||||||||||||||||||
Acquired with deteriorated credit quality | 0 | 2,225 | 0 | 0 | 0 | 0 | 2,225 | ||||||||||||||||||||||
Modified in a troubled debt restructuring | 1,263 | 10,873 | 0 | 0 | 0 | 0 | 12,136 | ||||||||||||||||||||||
Total ending loans balance | $ | 291,704 | $ | 467,292 | $ | 471,298 | $ | 63,491 | $ | 5,065 | $ | 409 | $ | 1,299,259 | |||||||||||||||
December 31, 2012 | Commercial, | Commercial | Residential | Consumer | Credit | Overdrafts | Total | ||||||||||||||||||||||
Industrial, and | Mortgages | Real | Cards | ||||||||||||||||||||||||||
Agricultural | Estate | ||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 541 | $ | 131 | $ | 81 | $ | 0 | $ | 0 | $ | 0 | $ | 753 | |||||||||||||||
Collectively evaluated for impairment | 4,399 | 3,467 | 2,385 | 1,699 | 83 | 175 | 12,208 | ||||||||||||||||||||||
Modified in a troubled debt restructuring | 0 | 1,099 | 0 | 0 | 0 | 0 | 1,099 | ||||||||||||||||||||||
Total ending allowance balance | $ | 4,940 | $ | 4,697 | $ | 2,466 | $ | 1,699 | $ | 83 | $ | 175 | $ | 14,060 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 2,623 | $ | 10,683 | $ | 593 | $ | 0 | $ | 0 | $ | 0 | $ | 13,899 | |||||||||||||||
Collectively evaluated for impairment | 253,048 | 240,907 | 347,311 | 58,668 | 4,800 | 971 | 905,705 | ||||||||||||||||||||||
Modified in a troubled debt restructuring | 1,420 | 10,201 | 0 | 0 | 0 | 0 | 11,621 | ||||||||||||||||||||||
Total ending loans balance | $ | 257,091 | $ | 261,791 | $ | 347,904 | $ | 58,668 | $ | 4,800 | $ | 971 | $ | 931,225 | |||||||||||||||
Loans Individually Evaluated for Impairment Including Loans Modified in Troubled Debt Restructurings by Portfolio Segment | ' | ||||||||||||||||||||||||||||
The following tables present information related to loans individually evaluated for impairment, including loans modified in troubled debt restructurings, by portfolio segment as of December 31, 2013 and 2012 and for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||||||||||||||||||
December 31, 2013 | Unpaid | Recorded | Allowance | ||||||||||||||||||||||||||
Principal | Investment | for Loan | |||||||||||||||||||||||||||
Balance | Losses | ||||||||||||||||||||||||||||
Allocated | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 5,402 | $ | 4,152 | $ | 372 | |||||||||||||||||||||||
Commercial mortgage | 6,173 | 5,970 | 1,510 | ||||||||||||||||||||||||||
Residential real estate | 0 | 0 | 0 | ||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 2,055 | 2,034 | 0 | ||||||||||||||||||||||||||
Commercial mortgage | 6,178 | 6,152 | 0 | ||||||||||||||||||||||||||
Residential real estate | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total | $ | 19,808 | $ | 18,308 | $ | 1,882 | |||||||||||||||||||||||
December 31, 2012 | Unpaid | Recorded | Allowance | ||||||||||||||||||||||||||
Principal | Investment | for Loan | |||||||||||||||||||||||||||
Balance | Losses | ||||||||||||||||||||||||||||
Allocated | |||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 2,542 | $ | 1,792 | $ | 541 | |||||||||||||||||||||||
Commercial mortgage | 5,870 | 5,329 | 1,230 | ||||||||||||||||||||||||||
Residential real estate | 416 | 381 | 81 | ||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 2,804 | 2,251 | 0 | ||||||||||||||||||||||||||
Commercial mortgage | 17,285 | 15,555 | 0 | ||||||||||||||||||||||||||
Residential real estate | 308 | 212 | 0 | ||||||||||||||||||||||||||
Total | $ | 29,225 | $ | 25,520 | $ | 1,852 | |||||||||||||||||||||||
Impaired Financing Receivables with Related and not Related Allowances | ' | ||||||||||||||||||||||||||||
The unpaid principal balance of impaired loans includes the Corporation’s recorded investment in the loan and amounts that have been charged off. | |||||||||||||||||||||||||||||
Year Ended | |||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Average | Interest | Cash Basis | |||||||||||||||||||||||||||
Recorded | Income | Interest | |||||||||||||||||||||||||||
Investment | Recognized | Recognized | |||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 1,989 | $ | 7 | $ | 7 | |||||||||||||||||||||||
Commercial mortgage | 6,572 | 3 | 3 | ||||||||||||||||||||||||||
Residential real estate | 101 | 7 | 7 | ||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 2,124 | 0 | 0 | ||||||||||||||||||||||||||
Commercial mortgage | 11,885 | 0 | 0 | ||||||||||||||||||||||||||
Residential real estate | 86 | 0 | 0 | ||||||||||||||||||||||||||
Total | $ | 22,757 | $ | 17 | $ | 17 | |||||||||||||||||||||||
Year Ended | |||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||
Average | Interest | Cash Basis | |||||||||||||||||||||||||||
Recorded | Income | Interest | |||||||||||||||||||||||||||
Investment | Recognized | Recognized | |||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 3,083 | $ | 4 | $ | 4 | |||||||||||||||||||||||
Commercial mortgage | 5,504 | 3 | 3 | ||||||||||||||||||||||||||
Residential real estate | 334 | 13 | 13 | ||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 3,217 | 0 | 0 | ||||||||||||||||||||||||||
Commercial mortgage | 12,723 | 0 | 0 | ||||||||||||||||||||||||||
Residential real estate | 103 | 0 | 0 | ||||||||||||||||||||||||||
Total | $ | 24,964 | $ | 20 | $ | 20 | |||||||||||||||||||||||
Year Ended | |||||||||||||||||||||||||||||
December 31, 2011 | |||||||||||||||||||||||||||||
Average | Interest | Cash Basis | |||||||||||||||||||||||||||
Recorded | Income | Interest | |||||||||||||||||||||||||||
Investment | Recognized | Recognized | |||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 3,711 | $ | 3 | $ | 3 | |||||||||||||||||||||||
Commercial mortgage | 6,412 | 19 | 19 | ||||||||||||||||||||||||||
Residential real estate | 179 | 4 | 4 | ||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 2,050 | 0 | 0 | ||||||||||||||||||||||||||
Commercial mortgage | 6,040 | 0 | 0 | ||||||||||||||||||||||||||
Residential real estate | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total | $ | 18,392 | $ | 26 | $ | 26 | |||||||||||||||||||||||
Nonaccrual Loans and Loans Past Due over 90 Days Still Accruing Interest by Class of Loans | ' | ||||||||||||||||||||||||||||
The following table presents the recorded investment in nonaccrual loans and loans past due over 90 days still on accrual by class of loans as of December 31, 2012 and 2011: | |||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
Nonaccrual | Past Due | Nonaccrual | Past Due | ||||||||||||||||||||||||||
Over 90 Days | Over 90 Days | ||||||||||||||||||||||||||||
Still on Accrual | Still on Accrual | ||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 1,006 | $ | 0 | $ | 3,073 | $ | 0 | |||||||||||||||||||||
Commercial mortgages | 7,236 | 0 | 8,570 | 109 | |||||||||||||||||||||||||
Residential real estate | 2,389 | 150 | 2,792 | 18 | |||||||||||||||||||||||||
Consumer | 942 | 170 | 10 | 217 | |||||||||||||||||||||||||
Credit cards | 0 | 24 | 0 | 13 | |||||||||||||||||||||||||
Total | $ | 11,573 | $ | 344 | $ | 14,445 | $ | 357 | |||||||||||||||||||||
Aging of Recorded Investment in Past Due Loans | ' | ||||||||||||||||||||||||||||
The following table presents the aging of the recorded investment in past due loans as of December 31, 2013 and 2012 by class of loans. | |||||||||||||||||||||||||||||
December 31, 2013 | 30-59 Days | 60-89 Days | Greater Than | Total | Loans Not | Total | |||||||||||||||||||||||
Past Due | Past Due | 90 Days | Past Due | Past Due | |||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 211 | $ | 542 | $ | 855 | $ | 1,608 | $ | 290,096 | $ | 291,704 | |||||||||||||||||
Commercial mortgages | 1,258 | 713 | 7,236 | 9,207 | 458,085 | 467,292 | |||||||||||||||||||||||
Residential real estate | 4,216 | 114 | 2,539 | 6,869 | 464,429 | 471,298 | |||||||||||||||||||||||
Consumer | 334 | 1,049 | 1,112 | 2,495 | 60,996 | 63,491 | |||||||||||||||||||||||
Credit cards | 0 | 29 | 24 | 53 | 5,012 | 5,065 | |||||||||||||||||||||||
Overdrafts | 0 | 0 | 0 | 0 | 409 | 409 | |||||||||||||||||||||||
Total | $ | 6,019 | $ | 2,447 | $ | 11,766 | $ | 20,232 | $ | 1,279,027 | $ | 1,299,259 | |||||||||||||||||
December 31, 2012 | 30-59 Days | 60-89 Days | Greater Than | Total | Loans Not | Total | |||||||||||||||||||||||
Past Due | Past Due | 90 Days | Past Due | Past Due | |||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 724 | $ | 157 | $ | 2,968 | $ | 3,849 | $ | 253,242 | $ | 257,091 | |||||||||||||||||
Commercial mortgages | 1,162 | 3,197 | 8,679 | 13,038 | 248,753 | 261,791 | |||||||||||||||||||||||
Residential real estate | 1,390 | 641 | 2,700 | 4,731 | 343,173 | 347,904 | |||||||||||||||||||||||
Consumer | 724 | 203 | 227 | 1,154 | 57,514 | 58,668 | |||||||||||||||||||||||
Credit cards | 39 | 9 | 13 | 61 | 4,739 | 4,800 | |||||||||||||||||||||||
Overdrafts | 0 | 0 | 0 | 0 | 971 | 971 | |||||||||||||||||||||||
Total | $ | 4,039 | $ | 4,207 | $ | 14,587 | $ | 22,833 | $ | 908,392 | $ | 931,225 | |||||||||||||||||
Restructured in Troubled Debt | ' | ||||||||||||||||||||||||||||
The following table presents the number of loans, loan balances, and specific reserves for loans that have been restructured in a troubled debt restructuring as of December 31, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
Number of | Loan | Specific | Number of | Loan | Specific | ||||||||||||||||||||||||
Loans | Balance | Reserve | Loans | Balance | Reserve | ||||||||||||||||||||||||
Commercial, industrial, and agricultural | 2 | $ | 1,263 | $ | 0 | 2 | $ | 1,420 | $ | 0 | |||||||||||||||||||
Commercial mortgages | 10 | 10,873 | 1,455 | 8 | 10,201 | 1,099 | |||||||||||||||||||||||
Residential real estate | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Consumer | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Credit cards | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Total | 12 | $ | 12,136 | $ | 1,455 | 10 | $ | 11,621 | $ | 1,099 | |||||||||||||||||||
Loans by Class Modified as Troubled Debt Restructurings | ' | ||||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the years ended December 31, 2013 and 2012: | |||||||||||||||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||||||||||||||
Number of | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||
Loans | Outstanding Recorded | Outstanding Recorded | |||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 0 | $ | 0 | $ | 0 | ||||||||||||||||||||||||
Commercial mortgages | 3 | 3,747 | 3,681 | ||||||||||||||||||||||||||
Residential real estate | 0 | 0 | 0 | ||||||||||||||||||||||||||
Consumer | 0 | 0 | 0 | ||||||||||||||||||||||||||
Credit cards | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total | 3 | $ | 3,747 | $ | 3,681 | ||||||||||||||||||||||||
Year Ended December 31, 2012 | |||||||||||||||||||||||||||||
Number of | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||
Loans | Outstanding Recorded | Outstanding Recorded | |||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 2 | $ | 1,455 | $ | 1,455 | ||||||||||||||||||||||||
Commercial mortgages | 5 | 2,717 | 2,717 | ||||||||||||||||||||||||||
Residential real estate | 0 | 0 | 0 | ||||||||||||||||||||||||||
Consumer | 0 | 0 | 0 | ||||||||||||||||||||||||||
Credit cards | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total | 7 | $ | 4,172 | $ | 4,172 | ||||||||||||||||||||||||
Schedule of Loan Assigned Risk Rating within 12 Months of Balance Sheet Date | ' | ||||||||||||||||||||||||||||
All loans included in the following tables have been assigned a risk rating within 12 months of the balance sheet date. | |||||||||||||||||||||||||||||
December 31, 2013 | Pass | Special | Substandard | Doubtful | Total | ||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 266,868 | $ | 5,377 | $ | 19,318 | $ | 141 | $ | 291,704 | |||||||||||||||||||
Commercial mortgages | 404,876 | 16,755 | 44,936 | 725 | 467,292 | ||||||||||||||||||||||||
Total | $ | 671,744 | $ | 22,132 | $ | 64,254 | $ | 866 | $ | 758,996 | |||||||||||||||||||
December 31, 2012 | Pass | Special | Substandard | Doubtful | Total | ||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 234,835 | $ | 6,641 | $ | 15,459 | $ | 156 | $ | 257,091 | |||||||||||||||||||
Commercial mortgages | 225,294 | 12,294 | 23,501 | 702 | 261,791 | ||||||||||||||||||||||||
Total | $ | 460,129 | $ | 18,935 | $ | 38,960 | $ | 858 | $ | 518,882 | |||||||||||||||||||
Recorded Investment in Residential, Consumer and Credit Card Loans Based on Payment Activity | ' | ||||||||||||||||||||||||||||
The following table presents the recorded investment in residential, consumer, and credit card loans based on payment activity as of December 31, 2013 and December 31, 2012: | |||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | ||||||||||||||||||||||||||||
Residential | Consumer | Credit | Residential | Consumer | Credit | ||||||||||||||||||||||||
Real Estate | Cards | Real Estate | Cards | ||||||||||||||||||||||||||
Performing | $ | 468,759 | $ | 62,379 | $ | 5,041 | $ | 345,094 | $ | 58,441 | $ | 4,787 | |||||||||||||||||
Non-performing | 2,539 | 1,112 | 24 | 2,810 | 227 | 13 | |||||||||||||||||||||||
Total | $ | 471,298 | $ | 63,491 | $ | 5,065 | $ | 347,904 | $ | 58,668 | $ | 4,800 | |||||||||||||||||
Summary of Holiday's Loan Portfolio Included in Consumer and Residential Loans | ' | ||||||||||||||||||||||||||||
Holiday’s loan portfolio, included in consumer and residential loans above, is summarized as follows at December 31, 2013 and 2012: | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Consumer | $ | 24,891 | $ | 21,535 | |||||||||||||||||||||||||
Residential real estate | 1,552 | 954 | |||||||||||||||||||||||||||
Less: unearned discount | (3,896 | ) | (3,401 | ) | |||||||||||||||||||||||||
Total | $ | 22,547 | $ | 19,088 | |||||||||||||||||||||||||
Secondary_Market_Mortgage_Acti1
Secondary Market Mortgage Activities (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Text Block [Abstract] | ' | ||||||||||||
Summary of Secondary Market Mortgage Activities | ' | ||||||||||||
The following summarizes secondary market mortgage activities for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Loans originated for resale, net of principal pay downs | $ | 19,883 | $ | 32,626 | $ | 19,927 | |||||||
Proceeds from sales of loans held for sale | 22,252 | 32,512 | 23,324 | ||||||||||
Net gains on sales of loans held for sale | 808 | 927 | 638 | ||||||||||
Loan servicing fees | 375 | 340 | 349 | ||||||||||
Summary of Activity for Capitalized Mortgage Servicing Rights | ' | ||||||||||||
The following summarizes activity for capitalized mortgage servicing rights for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Balance, beginning of year | $ | 714 | $ | 906 | $ | 909 | |||||||
Additions | 350 | 85 | 249 | ||||||||||
Servicing rights acquired | 83 | 0 | 0 | ||||||||||
Amortization | (242 | ) | (277 | ) | (252 | ) | |||||||
Balance, end of year | $ | 905 | $ | 714 | $ | 906 | |||||||
Premises_and_Equipment_Tables
Premises and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Summary of Premises and Equipment | ' | ||||||||
The following summarizes premises and equipment at December 31, 2013 and 2012: | |||||||||
2013 | 2012 | ||||||||
Land | $ | 4,412 | $ | 4,126 | |||||
Premises and leasehold improvements | 28,764 | 25,670 | |||||||
Furniture and equipment | 20,248 | 17,522 | |||||||
Construction in process | 3,924 | 408 | |||||||
57,348 | 47,726 | ||||||||
Less: accumulated depreciation | 25,759 | 23,654 | |||||||
Premises and equipment, net | $ | 31,589 | $ | 24,072 | |||||
Summary of Minimum Annual Rental Commitments Under Operating Lease | ' | ||||||||
The minimum annual rental commitments under these leases at December 31, 2013 are as follows: | |||||||||
2014 | $ | 630 | |||||||
2015 | 617 | ||||||||
2016 | 592 | ||||||||
2017 | 426 | ||||||||
2018 | 207 | ||||||||
Thereafter | 1,169 | ||||||||
$ | 3,641 | ||||||||
Summary of Minimum Annual Rental Commitments Under Sale Lease Back | ' | ||||||||
The minimum annual rental commitments under this lease at December 31, 2013 are as follows: | |||||||||
2014 | $ | 112 | |||||||
2015 | 112 | ||||||||
2016 | 112 | ||||||||
2017 | 112 | ||||||||
2018 | 112 | ||||||||
Thereafter | 893 | ||||||||
$ | 1,453 | ||||||||
Foreclosed_Assets_Tables
Foreclosed Assets (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Text Block [Abstract] | ' | ||||||||||||
Summary of Foreclosed Assets Activity | ' | ||||||||||||
Activity for the years ended December 31, 2013, 2012, and 2011 is as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Balance, beginning of year | $ | 325 | $ | 505 | $ | 396 | |||||||
Additions | 1,151 | 750 | 249 | ||||||||||
Sales (at carrying value) | (490 | ) | (930 | ) | (140 | ) | |||||||
Balance, end of year | $ | 986 | $ | 325 | $ | 505 | |||||||
Summary of Expenses Related to Foreclosed Real Estate | ' | ||||||||||||
Expenses related to foreclosed real estate include: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Net loss (gain) on sale | $ | (252 | ) | $ | (158 | ) | $ | (101 | ) | ||||
Operating expenses, net of rental income | 81 | 176 | 24 | ||||||||||
$ | (171 | ) | $ | 18 | $ | (77 | ) | ||||||
Goodwill_and_Intangible_Assets1
Goodwill and Intangible Assets (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||
Summary of Change in the Carrying Amount of Goodwill | ' | ||||||||
The change in the carrying amount of goodwill for the years ended December 31, 2013 and 2012 is as follows: | |||||||||
2013 | 2012 | ||||||||
Balance, beginning of year | $ | 10,946 | $ | 10,821 | |||||
Acquired during the year | 16,248 | 125 | |||||||
Balance, end of year | $ | 27,194 | $ | 10,946 | |||||
Estimated Amortization Expense | ' | ||||||||
Estimated amortization expense for each of the next five years is as follows: | |||||||||
2014 | $ | 1,180 | |||||||
2015 | 1,007 | ||||||||
2016 | 835 | ||||||||
2017 | 662 | ||||||||
2018 | 489 |
Deposits_Tables
Deposits (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Banking And Thrift [Abstract] | ' | ||||
Summary of Time Certificates of Deposit Accounts Included in Total Deposits and Their Remaining Maturities | ' | ||||
The following table reflects time certificates of deposit accounts included in total deposits and their remaining maturities at December 31, 2013: | |||||
Time deposits maturing: | |||||
2014 | $ | 122,126 | |||
2015 | 43,106 | ||||
2016 | 40,874 | ||||
2017 | 20,608 | ||||
2018 | 27,043 | ||||
Thereafter | 12,005 | ||||
$ | 265,762 | ||||
Borrowings_Tables
Borrowings (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Text Block [Abstract] | ' | ||||||||||||
Schedule of Remaining Borrowing Capacity with FHLB | ' | ||||||||||||
Borrowings from the FHLB at December 31, 2013 and 2012 are as follows: | |||||||||||||
Interest | Maturity | 2013 | 2012 | ||||||||||
Rate | |||||||||||||
(a) | 9/17/15 | $ | 20,000 | $ | 20,000 | ||||||||
(b) | 6/1/17 | 10,000 | 10,000 | ||||||||||
(c) | 8/7/17 | 5,000 | 5,000 | ||||||||||
(d) | 8/7/17 | 5,000 | 5,000 | ||||||||||
(e) | 8/7/17 | 10,000 | 10,000 | ||||||||||
(f) | 10/10/17 | 10,000 | 10,000 | ||||||||||
(g) | 7/7/23 | 700 | 700 | ||||||||||
(h) | 9/5/23 | 2,280 | 2,388 | ||||||||||
(i) | 6/11/24 | 535 | 557 | ||||||||||
(j) | 5/24/26 | 302 | 321 | ||||||||||
(k) | 10/14/26 | 311 | 330 | ||||||||||
(l) | 2/11/33 | 872 | 0 | ||||||||||
$ | 65,000 | $ | 64,296 | ||||||||||
(a), (g) – Fixed rate borrowings at interest rates of 2.09% and 4.72%, respectively. | |||||||||||||
(b) – Interest rate was fixed at 4.60% until June 2009, since which time FHLB has had the option to convert to floating interest rate based on the 3 month LIBOR + 0.16%. The interest rate was 4.60% at December 31, 2013 and 2012. | |||||||||||||
(c) – Interest rate was fixed at 4.02% until February 2008, since which time FHLB has had the option to convert to a floating interest rate based on the 3 month LIBOR + 0.11%. The interest rate was 4.02% at December 31, 2013 and 2012. | |||||||||||||
(d) – Interest rate was fixed at 4.10% until August 2008, since which time FHLB has had the option to convert to a floating interest rate based on the 3 month LIBOR + 0.11%. The interest rate was 4.10% at December 31, 2013 and 2012. | |||||||||||||
(e) – Interest rate is fixed at 4.47% until August 2010, since which time FHLB has had the option to convert to a floating interest rate based on the 3 month LIBOR + 0.11%. The interest rate was 4.47% at December 31, 2013 and 2012. | |||||||||||||
(f) – Interest rate was fixed at 3.97% until October 2009, since which time FHLB has had the option to convert to a floating interest rate based on the 3 month LIBOR + 0.10%. The interest rate was 3.97% at December 31, 2013 and 2012. | |||||||||||||
(h) – Fixed rate borrowing at an interest rate of 4.31%, with monthly principal and interest payments and a balloon payment due at maturity. | |||||||||||||
(i) – Fixed rate borrowing at an interest rate of 5.24%, with monthly principal and interest payments and a balloon payment due at maturity. | |||||||||||||
(j) – Fixed rate borrowing at an interest rate of 3.35%, with monthly principal and interest payments. | |||||||||||||
(k) – Fixed rate borrowing at an interest rate of 4.00%, with monthly principal and interest payments. | |||||||||||||
(l) – Fixed rate borrowing at an interest rate of 3.23%, with monthly principal and interest payments. | |||||||||||||
Maturity Schedule of All Borrowed Funds | ' | ||||||||||||
The following is a schedule of maturities of all borrowed funds as of December 31, 2013: | |||||||||||||
2014 | $ | 13,159 | |||||||||||
2015 | 20,218 | ||||||||||||
2016 | 227 | ||||||||||||
2017 | 50,237 | ||||||||||||
2018 | 246 | ||||||||||||
Thereafter | 24,483 | ||||||||||||
Total borrowed funds | $ | 108,570 | |||||||||||
Interest_Rate_Swaps_Tables
Interest Rate Swaps (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ||||||||||||
Amounts and Locations of Activity Related to the Interest Rate Swaps Designated as Cash Flow Hedges within the Corporation's Consolidated Balance Sheet and Statement of Income | ' | ||||||||||||
The following tables provide information about the amounts and locations of activity related to the interest rate swaps designated as cash flow hedges within the Corporation’s consolidated balance sheet and statement of income as of December 31, 2013 and 2012 and for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||
As of December 31 | Liability Derivative | ||||||||||||
Balance Sheet | Fair value | ||||||||||||
Location | 2013 | 2012 | |||||||||||
Interest rate contract | Accrued interest and | ($1,116) | ($1,745) | ||||||||||
other liabilities | |||||||||||||
For the Year Ended | (a) | (b) | (c) | (d) | (e) | ||||||||
December 31, 2013 | |||||||||||||
Interest rate contract | $409 | Interest expense – subordinated | ($400) | Other | $0 | ||||||||
debentures | income | ||||||||||||
For the Year Ended | |||||||||||||
December 31, 2012 | |||||||||||||
Interest rate contract | ($49) | Interest expense – subordinated | ($390) | Other | $0 | ||||||||
debentures | income | ||||||||||||
For the Year Ended | |||||||||||||
December 31, 2011 | |||||||||||||
Interest rate contract | ($522) | Interest expense – subordinated | ($402) | Other | $0 | ||||||||
debentures | income | ||||||||||||
(a) | Amount of Gain or (Loss) Recognized in Other Comprehensive Loss on Derivative (Effective Portion), net of tax | ||||||||||||
(b) | Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion) | ||||||||||||
(c) | Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion) | ||||||||||||
(d) | Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) | ||||||||||||
(e) | Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Summary of Income Tax Expense | ' | ||||||||||||||||||||||||
The following is a summary of income tax expense for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
Current – federal | $ | 7,189 | $ | 6,535 | $ | 4,951 | |||||||||||||||||||
Current – state | 128 | 116 | 137 | ||||||||||||||||||||||
Deferred - federal | (977 | ) | (240 | ) | 441 | ||||||||||||||||||||
Income tax expense | $ | 6,340 | $ | 6,411 | $ | 5,529 | |||||||||||||||||||
Components of Net Deferred Tax Asset (Liability) | ' | ||||||||||||||||||||||||
The components of the net deferred tax asset (liability) as of December 31, 2013 and 2012 are as follows: | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Deferred tax assets: | |||||||||||||||||||||||||
Allowance for loan losses | $ | 5,084 | $ | 4,632 | |||||||||||||||||||||
Unrealized loss on securities available for sale | 4,085 | 0 | |||||||||||||||||||||||
Fair value adjustments – business combination | 3,541 | 0 | |||||||||||||||||||||||
Deferred compensation | 2,179 | 1,753 | |||||||||||||||||||||||
Impaired security valuation | 590 | 670 | |||||||||||||||||||||||
Net operating loss carryover | 2,155 | 0 | |||||||||||||||||||||||
Capital loss carryover | 0 | 278 | |||||||||||||||||||||||
Post-retirement benefits | 1,308 | 1,063 | |||||||||||||||||||||||
Unrealized loss on interest rate swap | 391 | 616 | |||||||||||||||||||||||
Nonaccrual loan interest | 516 | 305 | |||||||||||||||||||||||
Accrued expenses | 817 | 297 | |||||||||||||||||||||||
Other | 296 | 312 | |||||||||||||||||||||||
20,962 | 9,926 | ||||||||||||||||||||||||
Deferred tax liabilities: | |||||||||||||||||||||||||
Unrealized gain on securities available for sale | 0 | 8,636 | |||||||||||||||||||||||
Premises and equipment | 1,527 | 1,535 | |||||||||||||||||||||||
Intangibles – section 197 | 5,130 | 3,179 | |||||||||||||||||||||||
Mortgage servicing rights | 317 | 250 | |||||||||||||||||||||||
Other | 328 | 339 | |||||||||||||||||||||||
7,302 | 13,939 | ||||||||||||||||||||||||
Net deferred tax asset (liability) | $ | 13,660 | ($ | 4,013 | ) | ||||||||||||||||||||
Reconciliation of Income Tax Attributable to Pre-Tax Income at Federal Statutory Tax Rates to Income Tax Expense | ' | ||||||||||||||||||||||||
The reconciliation of income tax attributable to pre-tax income at the federal statutory tax rates to income tax expense is as follows: | |||||||||||||||||||||||||
2013 | % | 2012 | % | 2011 | % | ||||||||||||||||||||
Tax at statutory rate | $ | 8,057 | 35 | $ | 8,241 | 35 | $ | 7,222 | 35 | ||||||||||||||||
Tax exempt income, net | (1,664 | ) | (7.2 | ) | (1,553 | ) | (6.6 | ) | (1,353 | ) | (6.6 | ) | |||||||||||||
Bank owned life insurance | (543 | ) | (2.4 | ) | (341 | ) | (1.4 | ) | (325 | ) | (1.6 | ) | |||||||||||||
Merger costs | 233 | 1 | 0 | 0 | 0 | 0 | |||||||||||||||||||
Other | 257 | 1.1 | 64 | 0.2 | (15 | ) | (0.0 | ) | |||||||||||||||||
Income tax expense | $ | 6,340 | 27.5 | $ | 6,411 | 27.2 | $ | 5,529 | 26.8 | ||||||||||||||||
Employee_Benefit_Plans_Tables
Employee Benefit Plans (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Compensation And Retirement Disclosure [Abstract] | ' | ||||||||||||
Unfunded Post Retirement Benefits Plan | ' | ||||||||||||
The following table sets forth the change in the benefit obligation of the plan as of and for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Benefit obligation at beginning of year | $ | 2,224 | $ | 1,674 | $ | 1,073 | |||||||
Interest cost | 84 | 69 | 56 | ||||||||||
Service cost | 125 | 88 | 49 | ||||||||||
Actual claims | (167 | ) | (184 | ) | (262 | ) | |||||||
Plan amendment | (602 | ) | 0 | 0 | |||||||||
Actuarial loss | 821 | 577 | 758 | ||||||||||
Benefit obligation at end of year | $ | 2,485 | $ | 2,224 | $ | 1,674 | |||||||
Accumulated Other Comprehensive Income | ' | ||||||||||||
Amounts recognized in accumulated other comprehensive income at December 31, 2013 and 2012 consist of: | |||||||||||||
2013 | 2012 | ||||||||||||
Net actuarial loss | $ | (1,667 | ) | $ | (1,502 | ) | |||||||
Transition obligation | 0 | (7 | ) | ||||||||||
(1,667 | ) | (1,509 | ) | ||||||||||
Tax effect | 583 | 528 | |||||||||||
$ | (1,084 | ) | $ | (981 | ) | ||||||||
Recognized Net Periodic Benefit Cost and Other Comprehensive Income | ' | ||||||||||||
The following table sets forth the components of net periodic benefit cost and other amounts recognized in other comprehensive income: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Service cost | $ | 125 | $ | 88 | $ | 49 | |||||||
Interest cost | 84 | 69 | 56 | ||||||||||
Net amortization of transition obligation and actuarial loss | 61 | 41 | 11 | ||||||||||
Net periodic benefit cost | 270 | 198 | 116 | ||||||||||
Net loss | 821 | 578 | 758 | ||||||||||
Plan amendment | (602 | ) | 0 | 0 | |||||||||
Amortization of loss | (54 | ) | (34 | ) | (4 | ) | |||||||
Amortization of transition obligation | (7 | ) | (7 | ) | (7 | ) | |||||||
Total recognized in other comprehensive income | 158 | 537 | 747 | ||||||||||
Total recognized in net periodic benefit cost and other comprehensive income | $ | 428 | $ | 735 | $ | 863 | |||||||
Deferred_Compensation_Plans_Ta
Deferred Compensation Plans (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Postemployment Benefits [Abstract] | ' | ||||||||||||
Summary of Changes in Deferred Compensation Plan Liability | ' | ||||||||||||
A summary of changes in the deferred compensation plan liability follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Balance, beginning of year | $ | 990 | $ | 987 | $ | 1,038 | |||||||
Deferrals, dividends, and changes in fair value recorded as an expense | 191 | 84 | 80 | ||||||||||
Deferred compensation payments | (81 | ) | (81 | ) | (131 | ) | |||||||
Balance, end of year | $ | 1,100 | $ | 990 | $ | 987 | |||||||
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||
Summary of the Status of the Stock Options | ' | ||||||||||
A summary of the status of the stock options is presented below: | |||||||||||
Stock | Weighted-average | ||||||||||
Options | Exercise Price | ||||||||||
Outstanding at January 1, 2013 | 75,500 | $ | 16.79 | ||||||||
Exercised | (40,000 | ) | 17.45 | ||||||||
Outstanding at December 31, 2013 | 35,500 | $ | 16.04 | ||||||||
Options vested and exercisable at December 31, 2013 | 35,500 | ||||||||||
Fair value of options granted during 2013 | N/A | ||||||||||
Number of authorized stock-based awards available for grant | 393,441 | ||||||||||
Summary of Options Outstanding and Exercisable | ' | ||||||||||
Options outstanding and exercisable at December 31, 2013 are as follows: | |||||||||||
Exercise Price | Number | Remaining | |||||||||
Contractual | |||||||||||
Life | |||||||||||
$16.04 | 35,500 | 1.0 years | |||||||||
Additional Information Related to the Stock Option Plan | ' | ||||||||||
Additional information related to the stock option plan follows: | |||||||||||
2013 | 2012 | 2011 | |||||||||
Intrinsic value of options exercised | $ | 99 | $114 | $ | 151 | ||||||
Cash received from option exercises | 698 | 424 | 259 | ||||||||
Summary of Changes in Nonvested Restricted Stock Awards | ' | ||||||||||
A summary of changes in nonvested restricted stock awards follows: | |||||||||||
Shares | Weighted-average | ||||||||||
Grant Date | |||||||||||
Fair Value | |||||||||||
Nonvested at January 1, 2013 | 49,574 | $15.37 | |||||||||
Granted | 31,500 | 17.1 | |||||||||
Forfeited | (525 | ) | 16.44 | ||||||||
Vested | (18,473 | ) | 15.33 | ||||||||
Nonvested at December 31, 2013 | 62,076 | $16.25 | |||||||||
Capital_Requirements_and_Restr1
Capital Requirements and Restrictions on Retained Earnings (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||||||||||||||
Summary of Actual and Required Capital Amounts and Ratios | ' | ||||||||||||||||||||||||
Actual and required capital amounts and ratios are presented below as of December 31, 2013 and 2012: | |||||||||||||||||||||||||
Actual | For Capital | To Be Well Capitalized | |||||||||||||||||||||||
Adequacy Purposes | Under Prompt Corrective | ||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||
Total Capital to Risk Weighted Assets | |||||||||||||||||||||||||
Consolidated | $183,984 | 13.72 | % | $107,316 | 8 | % | N/A | ||||||||||||||||||
Bank | $166,440 | 12.57 | % | $105,912 | 8 | % | $132,390 | 10 | % | ||||||||||||||||
Tier 1 (Core) Capital to Risk Weighted Assets | |||||||||||||||||||||||||
Consolidated | $167,773 | 12.51 | % | $53,658 | 4 | % | N/A | ||||||||||||||||||
Bank | $151,585 | 11.45 | % | $52,956 | 4 | % | $79,434 | 6 | % | ||||||||||||||||
Tier 1 (Core) Capital to Average Assets | |||||||||||||||||||||||||
Consolidated | $167,773 | 7.96 | % | $84,332 | 4 | % | N/A | ||||||||||||||||||
Bank | $151,585 | 7.39 | % | $82,078 | 4 | % | $102,597 | 5 | % | ||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
Total Capital to Risk Weighted Assets | |||||||||||||||||||||||||
Consolidated | $152,968 | 15.28 | % | $80,073 | 8 | % | N/A | ||||||||||||||||||
Bank | $131,788 | 13.46 | % | $78,324 | 8 | % | $97,905 | 10 | % | ||||||||||||||||
Tier 1 (Core) Capital to Risk Weighted Assets | |||||||||||||||||||||||||
Consolidated | $140,426 | 14.03 | % | $40,036 | 4 | % | N/A | ||||||||||||||||||
Bank | $119,534 | 12.21 | % | $39,162 | 4 | % | $58,743 | 6 | % | ||||||||||||||||
Tier 1 (Core) Capital to Average Assets | |||||||||||||||||||||||||
Consolidated | $140,426 | 8.06 | % | $69,726 | 4 | % | N/A | ||||||||||||||||||
Bank | $119,534 | 6.99 | % | $68,409 | 4 | % | $85,512 | 5 | % |
Off_Balance_Sheet_Activities_T
Off Balance Sheet Activities (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||
Schedule of Off-Balance Sheet Risks | ' | ||||||||||||||||
The contractual amount of financial instruments with off balance sheet risk was as follows at December 31, 2013 and 2012: | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Fixed Rate | Variable Rate | Fixed Rate | Variable Rate | ||||||||||||||
Commitments to make loans | $54,556 | $155,391 | $13,670 | $171,862 | |||||||||||||
Unused lines of credit | 0 | 78,937 | 0 | 69,621 | |||||||||||||
Standby letters of credit | 0 | 13,520 | 0 | 22,598 |
Fair_Value_Tables
Fair Value (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Assets and Liabilities Measured at Fair Value on Recurring Basis | ' | ||||||||||||||||||||
Assets and liabilities measured at fair value on a recurring basis are as follows at December 31, 2013 and 2012: | |||||||||||||||||||||
Fair Value Measurements at December 31, 2013 Using | |||||||||||||||||||||
Description | Total | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable Inputs | Unobservable | |||||||||||||||||||
Identical Assets | (Level 2) | Inputs | |||||||||||||||||||
(Level 1) | (Level 3) | ||||||||||||||||||||
Assets: | |||||||||||||||||||||
Securities Available For Sale: | |||||||||||||||||||||
U.S. Treasury | $ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||||||
U.S. Government sponsored entities | 181,625 | 0 | 181,625 | 0 | |||||||||||||||||
States and political subdivisions | 177,943 | 0 | 177,943 | 0 | |||||||||||||||||
Residential and multi-family mortgage | 242,607 | 0 | 242,607 | 0 | |||||||||||||||||
Commercial mortgage | 374 | 0 | 374 | 0 | |||||||||||||||||
Corporate notes and bonds | 14,075 | 0 | 14,075 | 0 | |||||||||||||||||
Pooled trust preferred | 661 | 0 | 0 | 661 | |||||||||||||||||
Pooled SBA | 67,721 | 0 | 67,721 | 0 | |||||||||||||||||
Other securities | 985 | 985 | 0 | 0 | |||||||||||||||||
Total Securities Available For Sale | $ | 685,991 | $ | 985 | $ | 684,345 | $ | 661 | |||||||||||||
Trading Securities: | |||||||||||||||||||||
Corporate equity securities | $ | 2,705 | $ | 2,705 | $ | 0 | $ | 0 | |||||||||||||
Certificates of deposit | 253 | 253 | 0 | 0 | |||||||||||||||||
International mutual funds | 259 | 259 | 0 | 0 | |||||||||||||||||
Large cap growth mutual funds | 197 | 197 | 0 | 0 | |||||||||||||||||
Money market mutual funds | 124 | 124 | 0 | 0 | |||||||||||||||||
Large cap value mutual funds | 129 | 129 | 0 | 0 | |||||||||||||||||
Corporate notes and bonds | 152 | 0 | 152 | 0 | |||||||||||||||||
Real estate investment trust mutual funds | 39 | 39 | 0 | 0 | |||||||||||||||||
U.S. Government sponsored entities | 52 | 0 | 52 | 0 | |||||||||||||||||
Small cap mutual funds | 83 | 83 | 0 | 0 | |||||||||||||||||
Mid cap mutual funds | 84 | 84 | 0 | 0 | |||||||||||||||||
Commodities mutual funds | 50 | 50 | 0 | 0 | |||||||||||||||||
Total Trading Securities | $ | 4,127 | $ | 3,923 | $ | 204 | $ | 0 | |||||||||||||
Liabilities, | |||||||||||||||||||||
Interest rate swaps | $ | (1,116 | ) | $ | 0 | $ | (1,116 | ) | $ | 0 | |||||||||||
Fair Value Measurements at December 31, 2012 Using | |||||||||||||||||||||
Description | Total | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable Inputs | Unobservable | |||||||||||||||||||
Identical Assets | (Level 2) | Inputs | |||||||||||||||||||
(Level 1) | (Level 3) | ||||||||||||||||||||
Assets: | |||||||||||||||||||||
Securities Available For Sale: | |||||||||||||||||||||
U.S. Treasury | $ | 4,036 | $ | 0 | $ | 4,036 | $ | 0 | |||||||||||||
U.S. Government sponsored entities | 163,781 | 0 | 163,781 | 0 | |||||||||||||||||
States and political subdivisions | 181,279 | 0 | 181,279 | 0 | |||||||||||||||||
Residential and multi-family mortgage | 316,822 | 0 | 316,822 | 0 | |||||||||||||||||
Commercial mortgage | 1,304 | 0 | 1,304 | 0 | |||||||||||||||||
Corporate notes and bonds | 15,024 | 0 | 13,044 | 1,980 | |||||||||||||||||
Pooled trust preferred | 600 | 0 | 0 | 600 | |||||||||||||||||
Pooled SBA | 52,927 | 52,631 | 296 | 0 | |||||||||||||||||
Other securities | 1,538 | 1,538 | 0 | 0 | |||||||||||||||||
Total Securities Available For Sale | $ | 737,311 | $ | 54,169 | $ | 680,562 | $ | 2,580 | |||||||||||||
Trading Securities: | |||||||||||||||||||||
Corporate equity securities | $ | 3,117 | $ | 3,117 | $ | 0 | $ | 0 | |||||||||||||
Certificates of deposit | 408 | 408 | 0 | 0 | |||||||||||||||||
International mutual funds | 287 | 287 | 0 | 0 | |||||||||||||||||
Large cap growth mutual funds | 157 | 157 | 0 | 0 | |||||||||||||||||
Money market mutual funds | 110 | 110 | 0 | 0 | |||||||||||||||||
Large cap value mutual funds | 104 | 104 | 0 | 0 | |||||||||||||||||
Corporate notes and bonds | 101 | 0 | 101 | 0 | |||||||||||||||||
Real estate investment trust mutual funds | 65 | 65 | 0 | 0 | |||||||||||||||||
U.S. Government sponsored entities | 58 | 0 | 58 | 0 | |||||||||||||||||
Small cap mutual funds | 26 | 26 | 0 | 0 | |||||||||||||||||
Mid cap mutual funds | 26 | 26 | 0 | 0 | |||||||||||||||||
Total Trading Securities | $ | 4,459 | $ | 4,300 | $ | 159 | $ | 0 | |||||||||||||
Liabilities, | |||||||||||||||||||||
Interest rate swaps | $ | (1,745 | ) | $ | 0 | $ | (1,745 | ) | $ | 0 | |||||||||||
Securities Available for Sale Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) | ' | ||||||||||||||||||||
The table below presents a reconciliation and income statement classification of gains and losses for all securities available for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year ended December 31, 2013: | |||||||||||||||||||||
Corporate | Pooled | ||||||||||||||||||||
notes and | trust | ||||||||||||||||||||
bonds | preferred | ||||||||||||||||||||
Balance, January 1, 2013 | $ | 1,980 | $ | 600 | |||||||||||||||||
Total gains or (losses): | |||||||||||||||||||||
Included in other comprehensive income (loss) | (29 | ) | 61 | ||||||||||||||||||
Included in realized gains on available-for-sale securities | 58 | 0 | |||||||||||||||||||
Sale of available-for-sale securities | (2,009 | ) | 0 | ||||||||||||||||||
Balance, December 31, 2013 | $ | 0 | $ | 661 | |||||||||||||||||
The table below presents a reconciliation and income statement classification of gains and losses for all securities available for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year ended December 31, 2012: | |||||||||||||||||||||
Corporate | Pooled | ||||||||||||||||||||
notes and | trust | ||||||||||||||||||||
bonds | preferred | ||||||||||||||||||||
Balance, January 1, 2012 | $ | 2,060 | $ | 340 | |||||||||||||||||
Total gains or (losses): | |||||||||||||||||||||
Included in other comprehensive income (unrealized) | (80 | ) | 260 | ||||||||||||||||||
Balance, December 31, 2012 | $ | 1,980 | $ | 600 | |||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | ' | ||||||||||||||||||||
The following table presents quantitative information about Level 3 fair value measurements at December 31, 2013: | |||||||||||||||||||||
Fair value | Valuation | Unobservable | Input | ||||||||||||||||||
Technique | Inputs | Utilized | |||||||||||||||||||
Pooled trust preferred | $ | 661 | Discounted | Collateral default rate | 2% in 2014; 1.5% in 2015; 1.0% in 2016; 0.5% in 2017 and thereafter | ||||||||||||||||
cash flow | 15% | ||||||||||||||||||||
2.0% constant prepayment rate in 2014 and thereafter | |||||||||||||||||||||
Yield | |||||||||||||||||||||
Prepayment speed | |||||||||||||||||||||
The following table presents quantitative information about Level 3 fair value measurements at December 31, 2012: | |||||||||||||||||||||
Fair value | Valuation | Unobservable Inputs | Input Utilized | ||||||||||||||||||
Technique | |||||||||||||||||||||
Corporate notes and bonds | $1,980 | Discounted | Constant prepayment rate | 0% | |||||||||||||||||
cash flow | Probability of default | 0% | |||||||||||||||||||
Discount rate | 9.60% | ||||||||||||||||||||
Pooled trust preferred | $600 | Discounted | Collateral default rate | 2% annually for 2 years; 0.36% thereafter | |||||||||||||||||
cash flow | 13% | ||||||||||||||||||||
Discount rate | 10%, lagged 2 years | ||||||||||||||||||||
Recovery probability | |||||||||||||||||||||
Sale Securities Reported as Level 1 Securities as of Beginning of Period were Transferred to Level 2 Category | ' | ||||||||||||||||||||
During the year ended December 31, 2012, the following available for sale securities reported as Level 1 securities as of the beginning of the year were transferred to the Level 2 category: | |||||||||||||||||||||
2012 | |||||||||||||||||||||
U.S. Government sponsored entities | $ | 2,000 | |||||||||||||||||||
States and political subdivisions | 4,655 | ||||||||||||||||||||
Residential and multi-family mortgage | 8,577 | ||||||||||||||||||||
Total | $ | 15,232 | |||||||||||||||||||
Assets and Liabilities Measured at Fair Value on Non-Recurring Basis | ' | ||||||||||||||||||||
Assets and liabilities measured at fair value on a non-recurring basis are as follows at December 31, 2013 and 2012: | |||||||||||||||||||||
Fair Value Measurements at December 31, 2013 Using | |||||||||||||||||||||
Description | Total | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable | Unobservable | |||||||||||||||||||
Identical Assets | Inputs | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Assets: | |||||||||||||||||||||
Impaired loans: | |||||||||||||||||||||
Commercial mortgages | $ | 3,000 | 0 | 0 | $ | 3,000 | |||||||||||||||
Commercial, industrial, and agricultural | 3,706 | 0 | 0 | 3,706 | |||||||||||||||||
Fair Value Measurements at December 31, 2012 Using | |||||||||||||||||||||
Description | Total | Quoted Prices in | Significant Other | Significant | |||||||||||||||||
Active Markets for | Observable | Unobservable | |||||||||||||||||||
Identical Assets | Inputs | Inputs | |||||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Assets: | |||||||||||||||||||||
Impaired loans: | |||||||||||||||||||||
Commercial mortgages | $ | 8,422 | $ | 0 | $ | 0 | $ | 8,422 | |||||||||||||
Commercial, industrial, and agricultural | 1,973 | 0 | 0 | 1,973 | |||||||||||||||||
Residential real estate | 402 | 0 | 0 | 402 | |||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on Non Recurring Basis | ' | ||||||||||||||||||||
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2013: | |||||||||||||||||||||
Fair | Valuation | Unobservable | Range | ||||||||||||||||||
value | Technique | Inputs | (Weighted | ||||||||||||||||||
Average) | |||||||||||||||||||||
Impaired loans – commercial mortgages | $ | 3,000 | Sales comparison approach | Adjustment for differences between the comparable sales | 17%—61% (22%) | ||||||||||||||||
Impaired loans – commercial, industrial, and agricultural | $ | 3,274 | Sales comparison approach | Adjustment for differences between the comparable sales | 9% | ||||||||||||||||
Impaired loans – commercial, industrial, and agricultural | $ | 432 | Income approach | Adjustment for differences in net operating income | 2% | ||||||||||||||||
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2012: | |||||||||||||||||||||
Fair | Valuation | Unobservable | Range | ||||||||||||||||||
value | Technique | Inputs | (Weighted Average) | ||||||||||||||||||
Impaired loans – commercial mortgages | $ | 8,422 | Sales comparison approach | Adjustment for differences between the comparable sales | 1%—39% (19%) | ||||||||||||||||
Impaired loans – commercial, industrial, and agricultural | $ | 1,973 | Income approach | Adjusting for differences in net operating income | 24%—38% (27%) | ||||||||||||||||
Impaired loans – residential real estate | $ | 402 | Sales comparison approach | Adjustment for differences between the comparable sales | 10%—15% (11%) | ||||||||||||||||
Carrying Amount and Fair Value of Financial Instruments | ' | ||||||||||||||||||||
The following table presents the carrying amount and fair value of financial instruments at December 31, 2013: | |||||||||||||||||||||
Carrying | Fair Value Measurement Using: | Total | |||||||||||||||||||
Amount | Level 1 | Level 2 | Level 3 | Fair Value | |||||||||||||||||
ASSETS | |||||||||||||||||||||
Cash and cash equivalents | $ | 29,633 | $ | 29,633 | $ | 0 | $ | 0 | $ | 29,633 | |||||||||||
Interest bearing time deposits with other banks | 275 | 0 | 274 | 0 | 274 | ||||||||||||||||
Securities available for sale | 685,991 | 985 | 684,345 | 661 | 685,991 | ||||||||||||||||
Trading securities | 4,127 | 3,923 | 204 | 0 | 4,127 | ||||||||||||||||
Loans held for sale | 487 | 0 | 507 | 0 | 507 | ||||||||||||||||
Net loans | 1,279,129 | 0 | 0 | 1,276,622 | 1,276,622 | ||||||||||||||||
FHLB and other equity interests | 7,533 | n/a | n/a | n/a | n/a | ||||||||||||||||
Accrued interest receivable | 8,032 | 368 | 3,302 | 4,362 | 8,032 | ||||||||||||||||
LIABILITIES | |||||||||||||||||||||
Deposits | $ | (1,835,314 | ) | $ | (1,569,552 | ) | $ | (265,237 | ) | $ | 0 | $ | (1,834,789 | ) | |||||||
FHLB and other borrowings | (87,950 | ) | 0 | (87,833 | ) | 0 | (87,833 | ) | |||||||||||||
Subordinated debentures | (20,620 | ) | 0 | (11,178 | ) | 0 | (11,178 | ) | |||||||||||||
Interest rate swaps | (1,116 | ) | 0 | (1,116 | ) | 0 | (1,116 | ) | |||||||||||||
Accrued interest payable | (868 | ) | (200 | ) | (653 | ) | (15 | ) | (868 | ) | |||||||||||
The following table presents the carrying amount and fair value of financial instruments at December 31, 2012: | |||||||||||||||||||||
Carrying | Fair Value Measurement Using: | Total | |||||||||||||||||||
Amount | Level 1 | Level 2 | Level 3 | Fair Value | |||||||||||||||||
ASSETS | |||||||||||||||||||||
Cash and cash equivalents | $ | 31,881 | $ | 31,881 | $ | 0 | $ | 0 | $ | 31,881 | |||||||||||
Interest bearing time deposits with other banks | 225 | 0 | 281 | 0 | 281 | ||||||||||||||||
Securities available for sale | 737,311 | 54,169 | 680,562 | 2,580 | 737,311 | ||||||||||||||||
Trading securities | 4,459 | 4,300 | 159 | 0 | 4,459 | ||||||||||||||||
Loans held for sale | 2,398 | 0 | 2,460 | 0 | 2,460 | ||||||||||||||||
Net loans | 913,764 | 0 | 0 | 946,238 | 946,238 | ||||||||||||||||
FHLB and other equity interests | 6,684 | n/a | n/a | n/a | n/a | ||||||||||||||||
Accrued interest receivable | 6,863 | 278 | 3,498 | 3,087 | 6,863 | ||||||||||||||||
LIABILITIES | |||||||||||||||||||||
Deposits | $ | (1,485,003 | ) | $ | (1,272,060 | ) | $ | (215,485 | ) | $ | 0 | $ | (1,487,545 | ) | |||||||
FHLB and other borrowings | (97,806 | ) | 0 | (105,850 | ) | 0 | (105,850 | ) | |||||||||||||
Subordinated debentures | (20,620 | ) | 0 | (10,682 | ) | 0 | (10,682 | ) | |||||||||||||
Interest rate swaps | (1,745 | ) | 0 | (1,745 | ) | 0 | (1,745 | ) | |||||||||||||
Accrued interest payable | (1,022 | ) | (301 | ) | (707 | ) | (14 | ) | (1,022 | ) |
Parent_Company_Only_Financial_1
Parent Company Only Financial Information (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||
Condensed Balance Sheets | ' | ||||||||||||
CONDENSED BALANCE SHEETS | December 31, | ||||||||||||
2013 | 2012 | ||||||||||||
Assets | |||||||||||||
Cash | $ | 1,778 | $ | 2,029 | |||||||||
Trading securities | 276 | 229 | |||||||||||
Investment in bank subsidiary | 161,983 | 138,195 | |||||||||||
Investment in non-bank subsidiaries | 22,738 | 27,796 | |||||||||||
Deferred tax asset | 636 | 883 | |||||||||||
Other assets | 2,240 | 2,249 | |||||||||||
Total assets | $ | 189,651 | $ | 171,381 | |||||||||
Liabilities | |||||||||||||
Borrowings from subsidiary | $ | 1,350 | $ | 1,950 | |||||||||
Subordinated debentures | 20,620 | 20,620 | |||||||||||
Other liabilities | 2,770 | 3,447 | |||||||||||
Total liabilities | 24,740 | 26,017 | |||||||||||
Total shareholders’ equity | 164,911 | 145,364 | |||||||||||
Total liabilities and shareholders’ equity | $ | 189,651 | $ | 171,381 | |||||||||
Condensed Statements of Income and Comprehensive Income | ' | ||||||||||||
CONDENSED STATEMENTS OF INCOME AND | Year Ended December 31, | ||||||||||||
COMPREHENSIVE INCOME | |||||||||||||
Income: | 2013 | 2012 | 2011 | ||||||||||
Dividends from: | |||||||||||||
Bank subsidiary | $ | 1,875 | $ | 7,990 | $ | 7,600 | |||||||
Non-bank subsidiaries | 6,674 | 0 | 0 | ||||||||||
Other | 208 | 208 | 146 | ||||||||||
Total income | 8,757 | 8,198 | 7,746 | ||||||||||
Expenses | (1,461 | ) | (1,457 | ) | (1,410 | ) | |||||||
Income before income taxes and equity in undistributed net income of subsidiaries: | 7,296 | 6,741 | 6,336 | ||||||||||
Income tax benefit | 438 | 438 | 443 | ||||||||||
Equity in undistributed net income of bank subsidiary | 14,080 | 8,682 | 7,162 | ||||||||||
Equity in undistributed net income (loss) of non-bank subsidiaries | (5,135 | ) | 1,275 | 1,163 | |||||||||
Net income | 16,679 | 17,136 | 15,104 | ||||||||||
Other Comprehensive Income (Loss): | |||||||||||||
Net change in unrealized gains/losses on available for sale securities, net of reclassification and tax | (23,675 | ) | 3,561 | 14,441 | |||||||||
Change in actuarial gain, net of amortization and tax, for post-employment health care plan, net of tax | (103 | ) | (349 | ) | (485 | ) | |||||||
Change in fair value of interest rate swap agreements designated as a cash flow hedge, net of tax | 409 | (49 | ) | (522 | ) | ||||||||
Total other comprehensive income (loss) | (23,369 | ) | 3,163 | 13,434 | |||||||||
Comprehensive income (loss) | $ | (6,690 | ) | $ | 20,299 | $ | 28,538 | ||||||
Condensed Statements of Cash Flows | ' | ||||||||||||
CONDENSED STATEMENTS OF CASH FLOWS | Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
Net income | |||||||||||||
Adjustments to reconcile net income to net cash provided by | $ | 16,679 | $ | 17,136 | $ | 15,104 | |||||||
operating activities: | |||||||||||||
Equity in undistributed net income of bank subsidiary | (14,080 | ) | (8,682 | ) | (7,162 | ) | |||||||
Equity in undistributed (net income) loss of non-bank subsidiaries | 5,135 | (1,275 | ) | (1,163 | ) | ||||||||
Net unrealized (gains) losses on trading securities | (47 | ) | (54 | ) | 2 | ||||||||
Decrease in other assets | 112 | 47 | 39 | ||||||||||
Increase in other liabilities | 384 | 384 | 334 | ||||||||||
Net cash provided by operating activities | 8,183 | 7,556 | 7,154 | ||||||||||
Cash flows from investing activities: | |||||||||||||
Purchase of securities | 0 | 0 | (100 | ) | |||||||||
Net cash used in investing activities | 0 | 0 | (100 | ) | |||||||||
Cash flows from financing activities: | |||||||||||||
Dividends paid | (8,573 | ) | (8,214 | ) | (8,125 | ) | |||||||
Proceeds from sale of treasury stock and option exercises | 739 | 951 | 1,447 | ||||||||||
Net advance to (repayment from) subsidiary | (600 | ) | (200 | ) | 400 | ||||||||
Net cash used in financing activities | (8,434 | ) | (7,463 | ) | (6,278 | ) | |||||||
Net increase (decrease) in cash | (251 | ) | 93 | 776 | |||||||||
Cash beginning of year | 2,029 | 1,936 | 1,160 | ||||||||||
Cash end of year | $ | 1,778 | $ | 2,029 | $ | 1,936 | |||||||
Other_Comprehensive_Income_Tab
Other Comprehensive Income (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||||||||||||||
Components of Other Comprehensive Income and Related Tax Effects | ' | ||||||||||||||||||||||||||||
Other comprehensive income components and related tax effects were as follows for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||
Unrealized holding gains (losses) on available for sale securities | $ | (36,130 | ) | $ | 6,597 | $ | 22,457 | ||||||||||||||||||||||
Less reclassification adjustment for gains recognized in earnings | (355 | ) | (1,379 | ) | (614 | ) | |||||||||||||||||||||||
Net unrealized gains | (36,485 | ) | 5,218 | 21,843 | |||||||||||||||||||||||||
Tax effect | 12,770 | (1,826 | ) | (7,642 | ) | ||||||||||||||||||||||||
Net-of-tax amount | (23,715 | ) | 3,392 | 14,201 | |||||||||||||||||||||||||
Unrealized holding gains (losses) on available for sale securities for which a portion of an other-than-temporary impairment has been recognized in earnings | 61 | 260 | (28 | ) | |||||||||||||||||||||||||
Less reclassification adjustment for impairment loss recognized in earnings | 0 | 0 | 398 | ||||||||||||||||||||||||||
Net unrealized gains | 61 | 260 | 370 | ||||||||||||||||||||||||||
Tax effect | (21 | ) | (91 | ) | (130 | ) | |||||||||||||||||||||||
Net-of-tax amount | 40 | 169 | 240 | ||||||||||||||||||||||||||
Actuarial loss on postemployment health care plan | (219 | ) | (578 | ) | (757 | ) | |||||||||||||||||||||||
Net amortization of transition obligation and actuarial gain | 61 | 41 | 11 | ||||||||||||||||||||||||||
Net unrealized loss on postemployment health care plan | (158 | ) | (537 | ) | (746 | ) | |||||||||||||||||||||||
Tax effect | 55 | 188 | 261 | ||||||||||||||||||||||||||
Net-of-tax amount | (103 | ) | (349 | ) | (485 | ) | |||||||||||||||||||||||
Unrealized loss on interest rate swap | 229 | (465 | ) | (1,205 | ) | ||||||||||||||||||||||||
Less reclassification adjustment for losses recognized in earnings | 400 | 390 | 402 | ||||||||||||||||||||||||||
Net unrealized gain (loss) | 629 | (75 | ) | (803 | ) | ||||||||||||||||||||||||
Tax effect | (220 | ) | 26 | 281 | |||||||||||||||||||||||||
Net-of-tax amount | 409 | (49 | ) | (522 | ) | ||||||||||||||||||||||||
Other comprehensive income | $ | (23,369 | ) | $ | 3,163 | $ | 13,434 | ||||||||||||||||||||||
Summary of Change in Accumulated Other Comprehensive Income (Loss) | ' | ||||||||||||||||||||||||||||
The following is a summary of the change in the accumulated other comprehensive income (loss) balance, net of tax, for the years ended December 31, 2013, 2012, and 2011: | |||||||||||||||||||||||||||||
Balance | Increase | Balance | Increase | Balance | Increase | Balance | |||||||||||||||||||||||
1/1/11 | (Decrease) | 12/31/11 | (Decrease) | 12/31/12 | (Decrease) | 12/31/13 | |||||||||||||||||||||||
Unrealized gains (losses) on securities available for sale | $ | (1,963 | ) | $ | 14,441 | $ | 12,478 | $ | 3,561 | $ | 16,039 | $ | (23,675 | ) | $ | (7,636 | ) | ||||||||||||
Unrealized gain (loss) on postretirement benefits plan | (147 | ) | (485 | ) | (632 | ) | (349 | ) | (981 | ) | (103 | ) | (1,084 | ) | |||||||||||||||
Unrealized loss on interest rate swap | (563 | ) | (522 | ) | (1,085 | ) | (49 | ) | (1,134 | ) | 409 | (725 | ) | ||||||||||||||||
Total | $ | (2,673 | ) | $ | 13,434 | $ | 10,761 | $ | 3,163 | $ | 13,924 | $ | (23,369 | ) | $ | (9,445 | ) | ||||||||||||
Quarterly_Financial_Data_Unaud1
Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||||||
Unaudited Quarterly Results of Operations | ' | ||||||||||||||||||||||||||||||||
The unaudited quarterly results of operations for the years ended December 31, 2013 and 2012 are as follows (in thousands, except per share data): | |||||||||||||||||||||||||||||||||
Quarters Ended in 2013 | Quarters Ended in 2012 | ||||||||||||||||||||||||||||||||
Mar. 31 | 30-Jun | Sept. 30 | Dec. 31 | Mar. 31 | 30-Jun | Sept. 30 | Dec. 31 | ||||||||||||||||||||||||||
Total interest and dividend income | $ | 16,704 | $ | 16,758 | $ | 17,465 | $ | 20,489 | $ | 16,824 | $ | 17,207 | $ | 17,133 | $ | 16,965 | |||||||||||||||||
Net interest income | 13,451 | 13,826 | 14,648 | 17,279 | 12,677 | 13,274 | 13,670 | 13,588 | |||||||||||||||||||||||||
Provision for loan losses | 930 | 3,115 | 846 | 1,247 | 1,104 | 1,746 | 1,188 | 2,343 | |||||||||||||||||||||||||
Non-interest income | 3,071 | 3,771 | 3,248 | 3,676 | 3,518 | 3,264 | 3,079 | 2,803 | |||||||||||||||||||||||||
Non-interest expense | 9,682 | 10,793 | 10,343 | 12,995 | 9,014 | 8,833 | 9,208 | 8,890 | |||||||||||||||||||||||||
Net income | 4,297 | 2,951 | 4,703 | 4,728 | 4,347 | 4,336 | 4,563 | 3,890 | |||||||||||||||||||||||||
Net income per share, basic | 0.34 | 0.24 | 0.38 | 0.33 | 0.35 | 0.35 | 0.37 | 0.31 | |||||||||||||||||||||||||
Net income per share, diluted | 0.34 | 0.24 | 0.38 | 0.33 | 0.35 | 0.35 | 0.37 | 0.31 |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Segment | |||
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Number of reportable operating segment | 1 | ' | ' |
Maturity period of Interest bearing deposits in other financial institutions | '1 year | ' | ' |
Period of delinquent loan | '90 days | ' | ' |
Loss history of portfolio segment determination period | '2 years | ' | ' |
Advertising costs | $939 | $859 | $822 |
Number of nonqualified options or restricted stock for key employees and independent director | 500,000 | ' | ' |
Description of award terms | 'For key employees, the plan vesting schedule is one-fourth of granted stock-based awards per year beginning one year after the grant date with 100% vested on the fourth anniversary. For independent directors, the vesting schedule is one-third of granted stock-based awards per year beginning one year after the grant date with 100% vested on the third anniversary. | ' | ' |
Unrecognized compensation cost related to nonvested stock options granted under this plan | 0 | 0 | ' |
Stock options, granted | 0 | 0 | ' |
Shares granted by Executive Compensation and Personnel Committee of the Board of Directors | 31,500 | 26,900 | 17,900 |
Compensation expense restricted stock awards | 390 | 277 | 213 |
Average amount of non interest bearing reserve with federal reserve bank | $50 | $50 | ' |
Independent Directors [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Starting period of vesting of stock based award | '1 year | ' | ' |
Aggregate percentage of stock based awards to be matured | 100.00% | ' | ' |
Key Employees [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Starting period of vesting of stock based award | '1 year | ' | ' |
Aggregate percentage of stock based awards to be matured | 100.00% | ' | ' |
Minimum [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Percentage of tax benefit realized | 50.00% | ' | ' |
Maximum [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Period of Consumer loans charged off | '180 days | ' | ' |
Premises and Equipment [Member] | Minimum [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Useful lives of premises and equipment | '3 years | ' | ' |
Premises and Equipment [Member] | Maximum [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Useful lives of premises and equipment | '39 years | ' | ' |
Furniture, Fixtures and Equipment [Member] | Minimum [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Useful lives of premises and equipment | '3 years | ' | ' |
Furniture, Fixtures and Equipment [Member] | Maximum [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Useful lives of premises and equipment | '10 years | ' | ' |
Buildings and Building Improvements [Member] | Minimum [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Useful lives of premises and equipment | '15 years | ' | ' |
Buildings and Building Improvements [Member] | Maximum [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Useful lives of premises and equipment | '39 years | ' | ' |
Core Deposit [Member] | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' |
Amortization of intangible assets | '7 years | ' | ' |
Business_Combination_Additiona
Business Combination - Additional Information (Detail) (USD $) | 12 Months Ended | 0 Months Ended | 3 Months Ended | 12 Months Ended | |||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Oct. 11, 2013 | Mar. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 |
Farmers Citizens Bank [Member] | Farmers Citizens Bank [Member] | Farmers Citizens Bank [Member] | Farmers Citizens Bank [Member] | ||||
Location | |||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Outstanding equity interests of FC Banc Corp. | ' | ' | ' | ' | 100.00% | ' | ' |
Business acquisition share price | ' | ' | ' | $17.91 | $30 | ' | ' |
Number of branch locations | ' | ' | ' | ' | 8 | ' | ' |
Total consideration paid to FC Banc Corp. shareholders | ' | $1,248 | ' | $41,600 | ' | $41,574 | ' |
Total consideration paid to FC Banc Corp. shareholders in cash | 0 | 1,248 | 0 | 8,000 | ' | 8,013 | ' |
Total consideration paid to FC Banc Corp. shareholders in shares | ' | ' | ' | 1,873,879 | ' | ' | ' |
Total value of common stock | ' | ' | ' | 33,600 | ' | 33,561 | ' |
Merger cost | 2,396 | 0 | 0 | ' | ' | ' | ' |
Deferred tax asset included in accrued interest receivable and other assets | 13,660 | -4,013 | ' | ' | ' | 5,696 | ' |
Loans acquired with evidence of credit quality deterioration | 2,225 | ' | ' | ' | ' | ' | ' |
Gross loans acquired | 256,418 | ' | ' | ' | ' | ' | ' |
Combined yield and credit mark | 8,681 | ' | ' | ' | ' | ' | ' |
Goodwill arising from Acquisition | $27,194 | $10,946 | $10,821 | ' | ' | $16,248 | $125 |
Business_Combination_Schedule_
Business Combination - Schedule of Consideration Paid and Amounts of Assets Acquired and Liabilities Assumed (Detail) (USD $) | 12 Months Ended | 0 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Oct. 11, 2013 | Dec. 31, 2013 | Dec. 31, 2012 |
Farmers Citizens Bank [Member] | Farmers Citizens Bank [Member] | Farmers Citizens Bank [Member] | ||||
Consideration paid: | ' | ' | ' | ' | ' | ' |
Cash | $0 | $1,248 | $0 | $8,000 | $8,013 | ' |
Common stock | ' | ' | ' | 33,600 | 33,561 | ' |
Fair value of total consideration transferred | ' | 1,248 | ' | 41,600 | 41,574 | ' |
Recognized amounts of identifiable assets acquired and liabilities assumed: | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | ' | ' | ' | ' | 54,995 | ' |
Securities available for sale | ' | ' | ' | ' | 34,214 | ' |
Loans | ' | ' | ' | ' | 247,737 | ' |
FHLB and other equity interests | ' | ' | ' | ' | 1,789 | ' |
Premises and equipment | ' | ' | ' | ' | 4,328 | ' |
Bank owned life insurance | ' | ' | ' | ' | 3,955 | ' |
Mortgage servicing rights | ' | ' | ' | ' | 83 | ' |
Core deposit intangible | ' | ' | ' | ' | 4,834 | ' |
Accrued interest receivable and other assets | ' | ' | ' | ' | 8,093 | ' |
Total assets acquired | ' | ' | ' | ' | 360,028 | ' |
Demand deposits | ' | ' | ' | ' | 248,812 | ' |
Time deposits | ' | ' | ' | ' | 83,214 | ' |
Accrued interest payable and other liabilities | ' | ' | ' | ' | 2,676 | ' |
Total liabilities assumed | ' | ' | ' | ' | 334,702 | ' |
Total identifiable net assets | ' | ' | ' | ' | 25,326 | ' |
Goodwill | $27,194 | $10,946 | $10,821 | ' | $16,248 | $125 |
Business_Combination_Schedule_1
Business Combination - Schedule of Pro Forma Information of Acquisition (Detail) (USD $) | 12 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Business Combinations [Abstract] | ' | ' |
Net interest income | $68,723 | $65,786 |
Net income | $17,589 | $20,125 |
Basic earnings per share | $1.23 | $1.41 |
Diluted earnings per share | $1.23 | $1.41 |
Earnings_Per_Share_Additional_
Earnings Per Share - Additional Information (Detail) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Earnings Per Share [Abstract] | ' | ' | ' |
Antidilutive shares excluded from the diluted earnings per share calculations | 0 | 37,500 | 75,500 |
Earnings_Per_Share_Computation
Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Basic earnings per common share computation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income | $4,728 | $4,703 | $2,951 | $4,297 | $3,890 | $4,563 | $4,336 | $4,347 | $16,679 | $17,136 | $15,104 |
Net earnings allocated to participating securities | ' | ' | ' | ' | ' | ' | ' | ' | -73 | -62 | -42 |
Net earnings allocated to common stock | ' | ' | ' | ' | ' | ' | ' | ' | 16,606 | 17,074 | 15,062 |
Weighted average common shares outstanding, including shares considered participating securities | ' | ' | ' | ' | ' | ' | ' | ' | 12,929 | 12,441 | 12,306 |
Less: Average participating securities | ' | ' | ' | ' | ' | ' | ' | ' | -50 | -41 | -33 |
Weighted average shares | ' | ' | ' | ' | ' | ' | ' | ' | 12,879 | 12,400 | 12,273 |
Basic earnings per common share | $0.33 | $0.38 | $0.24 | $0.34 | $0.31 | $0.37 | $0.35 | $0.35 | $1.29 | $1.38 | $1.23 |
Diluted earnings per common share computation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net earnings allocated to common stock | ' | ' | ' | ' | ' | ' | ' | ' | 16,606 | 17,074 | 15,062 |
Weighted average common shares outstanding for basic earnings per common share | ' | ' | ' | ' | ' | ' | ' | ' | 12,879 | 12,400 | 12,273 |
Add: Dilutive effects of assumed exercises of stock options | ' | ' | ' | ' | ' | ' | ' | ' | 2 | 3 | 6 |
Weighted average shares and dilutive potential common shares | ' | ' | ' | ' | ' | ' | ' | ' | 12,881 | 12,403 | 12,279 |
Diluted earnings per common share | $0.33 | $0.38 | $0.24 | $0.34 | $0.31 | $0.37 | $0.35 | $0.35 | $1.29 | $1.38 | $1.23 |
Distributed Earnings Allocated to Common Stock [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic earnings per common share computation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net earnings allocated to common stock | ' | ' | ' | ' | ' | ' | ' | ' | 8,532 | 8,182 | 8,101 |
Undistributed Earnings Allocated to Common Stock [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic earnings per common share computation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net earnings allocated to common stock | ' | ' | ' | ' | ' | ' | ' | ' | $8,074 | $8,892 | $6,961 |
Securities_Securities_Availabl
Securities - Securities Available for Sale (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | $697,738 | $712,637 |
Unrealized Gains | 9,827 | 28,181 |
Unrealized Losses | -21,574 | -3,507 |
Fair Value | 685,991 | 737,311 |
U.S. Treasury [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 0 | 4,018 |
Unrealized Gains | 0 | 18 |
Unrealized Losses | 0 | 0 |
Fair Value | 0 | 4,036 |
U.S. Government Sponsored Entities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 185,205 | 157,965 |
Unrealized Gains | 2,894 | 5,977 |
Unrealized Losses | -6,474 | -161 |
Fair Value | 181,625 | 163,781 |
States and Political Subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 176,490 | 170,223 |
Unrealized Gains | 3,770 | 11,113 |
Unrealized Losses | -2,317 | -57 |
Fair Value | 177,943 | 181,279 |
Residential and Multi-Family Mortgage [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 248,017 | 308,800 |
Unrealized Gains | 2,410 | 8,724 |
Unrealized Losses | -7,820 | -702 |
Fair Value | 242,607 | 316,822 |
Commercial Mortgage [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 385 | 1,275 |
Unrealized Gains | 0 | 29 |
Unrealized Losses | -11 | 0 |
Fair Value | 374 | 1,304 |
Corporate Notes and Bonds [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 15,744 | 17,368 |
Unrealized Gains | 65 | 26 |
Unrealized Losses | -1,734 | -2,370 |
Fair Value | 14,075 | 15,024 |
Pooled Trust Preferred [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 800 | 800 |
Unrealized Gains | 0 | 0 |
Unrealized Losses | -139 | -200 |
Fair Value | 661 | 600 |
Pooled SBA [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 70,077 | 50,667 |
Unrealized Gains | 688 | 2,277 |
Unrealized Losses | -3,044 | -17 |
Fair Value | 67,721 | 52,927 |
Other Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 1,020 | 1,521 |
Unrealized Gains | 0 | 17 |
Unrealized Losses | -35 | 0 |
Fair Value | $985 | $1,538 |
Securities_Additional_Informat
Securities - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Securities | Securities | ||
Amortized Cost And Fair Value Debt Securities [Abstract] | ' | ' | ' |
Number of securities holdings | 0 | 0 | ' |
Shareholders' equity percentage | 10.00% | 10.00% | ' |
Securities | $353,102 | $264,813 | ' |
Tax provision related to net realized gains | 124 | 483 | 215 |
Proceeds from sale of trading securities | 5,811 | 3,386 | 343 |
Net gain from proceeds of sale of trading securities | $579 | $298 | $30 |
Securities_Trading_Securities_
Securities - Trading Securities (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Trading securities | $4,127 | $4,459 |
Corporate Equity Securities [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Trading securities | 2,705 | 3,117 |
Certificates of Deposit [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Trading securities | 253 | 408 |
International Mutual Funds [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Trading securities | 259 | 287 |
Large Cap Growth Mutual Funds [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Trading securities | 197 | 157 |
Money Market Mutual Funds [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Trading securities | 124 | 110 |
Large Cap Value Mutual Funds [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Trading securities | 129 | 104 |
Corporate Notes and Bonds [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Trading securities | 152 | 101 |
Real Estate Investment Trust Mutual Funds [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Trading securities | 39 | 65 |
U.S. Government Sponsored Entities [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Trading securities | 52 | 58 |
Small Cap Mutual Funds [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Trading securities | 83 | 26 |
Mid Cap Mutual Funds [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Trading securities | 84 | 26 |
Commodities Mutual Funds [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Trading securities | $50 | $0 |
Securities_Securities_with_Unr
Securities - Securities with Unrealized Losses Aggregated by Investment Category and Length of Time that Individual Securities have been in Continuous Unrealized Loss Position (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | $341,633 | $85,252 |
Less than 12 Months, Unrealized Loss | -16,734 | -923 |
12 Months or More, Fair Value | 58,496 | 17,856 |
12 Months or More, Unrealized Loss | -4,840 | -2,584 |
Total, Fair Value | 400,129 | 103,108 |
Total, Unrealized Loss | -21,574 | -3,507 |
U.S. Treasury [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 0 | 0 |
Less than 12 Months, Unrealized Loss | 0 | 0 |
12 Months or More, Fair Value | 0 | 0 |
12 Months or More, Unrealized Loss | 0 | 0 |
Total, Fair Value | 0 | 0 |
Total, Unrealized Loss | 0 | 0 |
U.S. Government Sponsored Entities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 95,677 | 41,715 |
Less than 12 Months, Unrealized Loss | -5,394 | -161 |
12 Months or More, Fair Value | 17,964 | 0 |
12 Months or More, Unrealized Loss | -1,080 | 0 |
Total, Fair Value | 113,641 | 41,715 |
Total, Unrealized Loss | -6,474 | -161 |
States and Political Subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 57,526 | 7,857 |
Less than 12 Months, Unrealized Loss | -2,192 | -57 |
12 Months or More, Fair Value | 5,324 | 0 |
12 Months or More, Unrealized Loss | -125 | 0 |
Total, Fair Value | 62,850 | 7,857 |
Total, Unrealized Loss | -2,317 | -57 |
Residential and Multi-Family Mortgage [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 150,229 | 32,159 |
Less than 12 Months, Unrealized Loss | -6,806 | -688 |
12 Months or More, Fair Value | 16,608 | 4,254 |
12 Months or More, Unrealized Loss | -1,014 | -14 |
Total, Fair Value | 166,837 | 36,413 |
Total, Unrealized Loss | -7,820 | -702 |
Commercial Mortgage [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 374 | 0 |
Less than 12 Months, Unrealized Loss | -11 | 0 |
12 Months or More, Fair Value | 0 | 0 |
12 Months or More, Unrealized Loss | 0 | 0 |
Total, Fair Value | 374 | 0 |
Total, Unrealized Loss | -11 | 0 |
Corporate Notes and Bonds [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 0 | 0 |
Less than 12 Months, Unrealized Loss | 0 | 0 |
12 Months or More, Fair Value | 9,662 | 13,002 |
12 Months or More, Unrealized Loss | -1,734 | -2,370 |
Total, Fair Value | 9,662 | 13,002 |
Total, Unrealized Loss | -1,734 | -2,370 |
Pooled Trust Preferred [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 0 | 0 |
Less than 12 Months, Unrealized Loss | 0 | 0 |
12 Months or More, Fair Value | 661 | 600 |
12 Months or More, Unrealized Loss | -139 | -200 |
Total, Fair Value | 661 | 600 |
Total, Unrealized Loss | -139 | -200 |
Pooled SBA [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 36,842 | 3,521 |
Less than 12 Months, Unrealized Loss | -2,296 | -17 |
12 Months or More, Fair Value | 8,277 | 0 |
12 Months or More, Unrealized Loss | -748 | 0 |
Total, Fair Value | 45,119 | 3,521 |
Total, Unrealized Loss | -3,044 | -17 |
Other Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 985 | 0 |
Less than 12 Months, Unrealized Loss | -35 | 0 |
12 Months or More, Fair Value | 0 | 0 |
12 Months or More, Unrealized Loss | 0 | 0 |
Total, Fair Value | 985 | 0 |
Total, Unrealized Loss | ($35) | $0 |
Securities_Summary_of_Structur
Securities - Summary of Structured Pooled Trust Preferred Securities (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Adjusted Amortized Cost | $800 | ' | ' |
Unrealized Gain (Loss) | -139 | ' | ' |
Fair Value | 661 | ' | ' |
Credit Losses Realized in Earnings | 0 | 0 | 398 |
ALESCO Preferred Funding V, Ltd [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Adjusted Amortized Cost | 800 | ' | ' |
Unrealized Gain (Loss) | -139 | ' | ' |
Fair Value | 661 | ' | ' |
Credit Losses Realized in Earnings | 0 | 0 | 0 |
ALESCO Preferred Funding XII, Ltd [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Adjusted Amortized Cost | 0 | ' | ' |
Unrealized Gain (Loss) | 0 | ' | ' |
Fair Value | 0 | ' | ' |
Credit Losses Realized in Earnings | 0 | 0 | 280 |
ALESCO Preferred Funding XVII, Ltd [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Adjusted Amortized Cost | 0 | ' | ' |
Unrealized Gain (Loss) | 0 | ' | ' |
Fair Value | 0 | ' | ' |
Credit Losses Realized in Earnings | 0 | 0 | 0 |
Preferred Term Securities XVI, Ltd [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Adjusted Amortized Cost | 0 | ' | ' |
Unrealized Gain (Loss) | 0 | ' | ' |
Fair Value | 0 | ' | ' |
Credit Losses Realized in Earnings | 0 | 0 | 118 |
US Capital Funding VI, Ltd. [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Adjusted Amortized Cost | 0 | ' | ' |
Unrealized Gain (Loss) | 0 | ' | ' |
Fair Value | 0 | ' | ' |
Credit Losses Realized in Earnings | $0 | $0 | $0 |
Securities_RollForward_of_Othe
Securities - Roll-Forward of Other-Than-Temporary Impairment Amount Related to Credit Losses (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Marketable Securities [Abstract] | ' | ' | ' |
Balance of credit losses on debt securities for which a portion of other-than-temporary impairment was recognized in earnings, beginning of period | $4,054 | $4,054 | $3,656 |
Additional credit loss for which other-than-temporary impairment was not previously recognized | 0 | 0 | 0 |
Additional credit loss for which other-than-temporary impairment was previously recognized | 0 | 0 | 398 |
Balance of credit losses on debt securities for which a portion of other-than-temporary impairment was recognized in earnings, end of period | $4,054 | $4,054 | $4,054 |
Securities_Schedule_of_Contrac
Securities - Schedule of Contractual Maturity of Securities Available for Sale, Excluding Equity Securities (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Schedule of Available-for-sale Securities [Line Items] | ' |
1 year or less, Amortized Cost | $31,192 |
1 year - 5 years, Amortized Cost | 141,228 |
5 years - 10 years, Amortized Cost | 165,713 |
After 10 years, Amortized Cost | 40,106 |
Total, Amortized Cost | 378,239 |
1 year or less, Fair Value | 30,902 |
1 year - 5 years, Fair Value | 141,410 |
5 years - 10 years, Fair Value | 163,735 |
After 10 years, Fair Value | 38,257 |
Total, Fair Value | 374,304 |
Total debt securities, Amortized Cost | 696,718 |
Total debt securities, Fair Value | 685,006 |
Residential and Multi-Family Mortgage [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Mortgage & asset backed securities, Amortized Cost | 248,017 |
Mortgage & asset backed securities, Fair Value | 242,607 |
Pooled SBA [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Mortgage & asset backed securities, Amortized Cost | 70,077 |
Mortgage & asset backed securities, Fair Value | 67,721 |
Commercial Mortgage [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Mortgage & asset backed securities, Amortized Cost | 385 |
Mortgage & asset backed securities, Fair Value | $374 |
Securities_Information_Pertain
Securities - Information Pertaining to Security Sales (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Amortized Cost And Fair Value Debt Securities [Abstract] | ' | ' | ' |
Proceeds | $35,633 | $125,579 | $69,740 |
Gross Gains | 849 | 1,809 | 878 |
Gross Losses | $494 | $430 | $264 |
Loans_Schedule_of_Net_Loans_De
Loans - Schedule of Net Loans (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Receivables [Abstract] | ' | ' |
Commercial, industrial, and agricultural | $291,704 | $257,091 |
Commercial mortgages | 467,292 | 261,791 |
Residential real estate | 471,298 | 347,904 |
Consumer | 63,491 | 58,668 |
Credit cards | 5,065 | 4,800 |
Overdrafts | 409 | 971 |
Less: unearned discount | -3,896 | -3,401 |
Less: allowance for loan losses | -16,234 | -14,060 |
Net loans | $1,279,129 | $913,764 |
Loans_Additional_Information_D
Loans - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Net unamortized loan costs and fees | $911 | $232 |
Percentage of comprised loan, commercial, industrial and agricultural loans | 23.00% | 28.00% |
Percentage of comprised loan, commercial mortgage loans | 37.00% | 29.00% |
Risk rating to commercial loans | 250,000 | ' |
Percentage of loan-to-value to business equipment | 80.00% | ' |
Percentage of loan-to-value to accounts receivable | 75.00% | ' |
Percentage of loan-to-value to business inventory | 60.00% | ' |
Percentage of loan-to-value to real estate | 85.00% | ' |
Percentage of residential real estate loan in portfolio | 37.00% | 38.00% |
Additional provision for loan losses | 514 | 101 |
Minimum period to be considered for loan to have defaulted | '90 days | ' |
Principal balances forgiven in connection with loan restructuring | 0 | 0 |
Troubled debt restructuring charged off | ' | 0 |
Impaired commercial mortgage loan placed on non-accrual status, modified as TDRs | 12,136 | 11,621 |
Resulting in an increase in the allowance for loan losses | ' | 503 |
Outstanding balance of semi annual loans | 'Greater than $1 million | ' |
Outstanding balance of annual loans | 'Less than $1 million | ' |
Maximum [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Maximum percentage of consumer loan and credit card in portfolio | 10.00% | 10.00% |
Reduction in stated interest rate modification having loan range period | '15 years | ' |
Extension of maturity date modification having loan range period | '18 years | ' |
Minimum [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Reduction in stated interest rate modification having loan range period | '4 years | ' |
Extension of maturity date modification having loan range period | '4 years | ' |
Commercial Mortgage Loan One [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Additional provision for loan losses | 262 | ' |
Troubled debt restructuring charged off | 974 | ' |
Commercial mortgage loan balance amount | 1,086 | 1,660 |
Commercial Mortgage Loan Two [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Additional provision for loan losses | 615 | ' |
Commercial Mortgage Loan Three [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Additional provision for loan losses | 514 | ' |
Impaired commercial mortgage loan placed on non-accrual status, modified as TDRs | $3,269 | ' |
Loans_Allowance_for_Loan_Losse
Loans - Allowance for Loan Losses (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowances for loan losses, Beginning Balance | ' | ' | ' | $14,060 | ' | ' | ' | $12,615 | $14,060 | $12,615 | $10,820 |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -5,630 | -5,190 | -3,356 |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 1,666 | 254 | 214 |
Provision for loan losses | 1,247 | 846 | 3,115 | 930 | 2,343 | 1,188 | 1,746 | 1,104 | 6,138 | 6,381 | 4,937 |
Allowances for loan losses, Ending Balance | 16,234 | ' | ' | ' | 14,060 | ' | ' | ' | 16,234 | 14,060 | 12,615 |
Commercial, Industrial, and Agricultural [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowances for loan losses, Beginning Balance | ' | ' | ' | 4,940 | ' | ' | ' | 4,511 | 4,940 | 4,511 | 3,517 |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -958 | -2,871 | -1,796 |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 7 | 45 | 9 |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 2,290 | 3,255 | 2,781 |
Allowances for loan losses, Ending Balance | 6,279 | ' | ' | ' | 4,940 | ' | ' | ' | 6,279 | 4,940 | 4,511 |
Commercial Mortgages [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowances for loan losses, Beginning Balance | ' | ' | ' | 4,697 | ' | ' | ' | 4,470 | 4,697 | 4,470 | 3,511 |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -1,931 | -401 | -175 |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 1,430 | 0 | 0 |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 1,273 | 628 | 1,134 |
Allowances for loan losses, Ending Balance | 5,469 | ' | ' | ' | 4,697 | ' | ' | ' | 5,469 | 4,697 | 4,470 |
Residential Real Estate [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowances for loan losses, Beginning Balance | ' | ' | ' | 2,466 | ' | ' | ' | 1,991 | 2,466 | 1,991 | 1,916 |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -467 | -304 | -217 |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 5 | 1 | 13 |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 876 | 778 | 279 |
Allowances for loan losses, Ending Balance | 2,880 | ' | ' | ' | 2,466 | ' | ' | ' | 2,880 | 2,466 | 1,991 |
Consumer [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowances for loan losses, Beginning Balance | ' | ' | ' | 1,699 | ' | ' | ' | 1,404 | 1,699 | 1,404 | 1,561 |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -1,919 | -1,279 | -907 |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 114 | 91 | 88 |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 1,439 | 1,483 | 662 |
Allowances for loan losses, Ending Balance | 1,333 | ' | ' | ' | 1,699 | ' | ' | ' | 1,333 | 1,699 | 1,404 |
Credit Cards [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowances for loan losses, Beginning Balance | ' | ' | ' | 83 | ' | ' | ' | 71 | 83 | 71 | 96 |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -97 | -78 | -39 |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 16 | 18 | 10 |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 64 | 72 | 4 |
Allowances for loan losses, Ending Balance | 66 | ' | ' | ' | 83 | ' | ' | ' | 66 | 83 | 71 |
Overdrafts [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowances for loan losses, Beginning Balance | ' | ' | ' | 175 | ' | ' | ' | 168 | 175 | 168 | 219 |
Charge-offs | ' | ' | ' | ' | ' | ' | ' | ' | -258 | -257 | -222 |
Recoveries | ' | ' | ' | ' | ' | ' | ' | ' | 94 | 99 | 94 |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 196 | 165 | 77 |
Allowances for loan losses, Ending Balance | $207 | ' | ' | ' | $175 | ' | ' | ' | $207 | $175 | $168 |
Loans_Allowance_for_Loan_Losse1
Loans - Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
Ending allowance balance attributable to loans: | ' | ' | ' | ' |
Allowance for loan losses, Individually evaluated for impairment | $427 | $753 | ' | ' |
Allowance for loan losses, Collectively evaluated for impairment | 14,352 | 12,208 | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | ' | ' |
Allowance for loan losses, Modified in a troubled debt restructuring | 1,455 | 1,099 | ' | ' |
Total ending allowance balance | 16,234 | 14,060 | 12,615 | 10,820 |
Loans: | ' | ' | ' | ' |
Loans individually evaluated for impairment | 6,172 | 13,899 | ' | ' |
Loans collectively evaluated for impairment | 1,278,726 | 905,705 | ' | ' |
Acquired with deteriorated credit quality | 2,225 | ' | ' | ' |
Loans modified in a troubled debt restructuring | 12,136 | 11,621 | ' | ' |
Total ending loans balance | 1,299,259 | 931,225 | ' | ' |
Commercial, Industrial, and Agricultural [Member] | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' |
Allowance for loan losses, Individually evaluated for impairment | 372 | 541 | ' | ' |
Allowance for loan losses, Collectively evaluated for impairment | 5,907 | 4,399 | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | ' | ' |
Allowance for loan losses, Modified in a troubled debt restructuring | 0 | 0 | ' | ' |
Total ending allowance balance | 6,279 | 4,940 | 4,511 | 3,517 |
Loans: | ' | ' | ' | ' |
Loans individually evaluated for impairment | 4,923 | 2,623 | ' | ' |
Loans collectively evaluated for impairment | 285,518 | 253,048 | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | ' | ' |
Loans modified in a troubled debt restructuring | 1,263 | 1,420 | ' | ' |
Total ending loans balance | 291,704 | 257,091 | ' | ' |
Commercial Mortgages [Member] | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' |
Allowance for loan losses, Individually evaluated for impairment | 55 | 131 | ' | ' |
Allowance for loan losses, Collectively evaluated for impairment | 3,959 | 3,467 | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | ' | ' |
Allowance for loan losses, Modified in a troubled debt restructuring | 1,455 | 1,099 | ' | ' |
Total ending allowance balance | 5,469 | 4,697 | 4,470 | 3,511 |
Loans: | ' | ' | ' | ' |
Loans individually evaluated for impairment | 1,249 | 10,683 | ' | ' |
Loans collectively evaluated for impairment | 452,945 | 240,907 | ' | ' |
Acquired with deteriorated credit quality | 2,225 | ' | ' | ' |
Loans modified in a troubled debt restructuring | 10,873 | 10,201 | ' | ' |
Total ending loans balance | 467,292 | 261,791 | ' | ' |
Residential Real Estate [Member] | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' |
Allowance for loan losses, Individually evaluated for impairment | 0 | 81 | ' | ' |
Allowance for loan losses, Collectively evaluated for impairment | 2,880 | 2,385 | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | ' | ' |
Allowance for loan losses, Modified in a troubled debt restructuring | 0 | 0 | ' | ' |
Total ending allowance balance | 2,880 | 2,466 | 1,991 | 1,916 |
Loans: | ' | ' | ' | ' |
Loans individually evaluated for impairment | 0 | 593 | ' | ' |
Loans collectively evaluated for impairment | 471,298 | 347,311 | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | ' | ' |
Loans modified in a troubled debt restructuring | 0 | 0 | ' | ' |
Total ending loans balance | 471,298 | 347,904 | ' | ' |
Consumer [Member] | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' |
Allowance for loan losses, Individually evaluated for impairment | 0 | 0 | ' | ' |
Allowance for loan losses, Collectively evaluated for impairment | 1,333 | 1,699 | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | ' | ' |
Allowance for loan losses, Modified in a troubled debt restructuring | 0 | 0 | ' | ' |
Total ending allowance balance | 1,333 | 1,699 | 1,404 | 1,561 |
Loans: | ' | ' | ' | ' |
Loans individually evaluated for impairment | 0 | 0 | ' | ' |
Loans collectively evaluated for impairment | 63,491 | 58,668 | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | ' | ' |
Loans modified in a troubled debt restructuring | 0 | 0 | ' | ' |
Total ending loans balance | 63,491 | 58,668 | ' | ' |
Credit Cards [Member] | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' |
Allowance for loan losses, Individually evaluated for impairment | 0 | 0 | ' | ' |
Allowance for loan losses, Collectively evaluated for impairment | 66 | 83 | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | ' | ' |
Allowance for loan losses, Modified in a troubled debt restructuring | 0 | 0 | ' | ' |
Total ending allowance balance | 66 | 83 | 71 | 96 |
Loans: | ' | ' | ' | ' |
Loans individually evaluated for impairment | 0 | 0 | ' | ' |
Loans collectively evaluated for impairment | 5,065 | 4,800 | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | ' | ' |
Loans modified in a troubled debt restructuring | 0 | 0 | ' | ' |
Total ending loans balance | 5,065 | 4,800 | ' | ' |
Overdrafts [Member] | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' |
Allowance for loan losses, Individually evaluated for impairment | 0 | 0 | ' | ' |
Allowance for loan losses, Collectively evaluated for impairment | 207 | 175 | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | ' | ' |
Allowance for loan losses, Modified in a troubled debt restructuring | 0 | 0 | ' | ' |
Total ending allowance balance | 207 | 175 | 168 | 219 |
Loans: | ' | ' | ' | ' |
Loans individually evaluated for impairment | 0 | 0 | ' | ' |
Loans collectively evaluated for impairment | 409 | 971 | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | ' | ' |
Loans modified in a troubled debt restructuring | 0 | 0 | ' | ' |
Total ending loans balance | $409 | $971 | ' | ' |
Loans_Loans_Individually_Evalu
Loans - Loans Individually Evaluated for Impairment Including Loans Modified in Troubled Debt Restructurings by Portfolio Segment (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance, Total | $19,808 | $29,225 |
Recorded Investment, Total | 18,308 | 25,520 |
Allowance for Loan Losses Allocated | 1,882 | 1,852 |
Commercial, Industrial, and Agricultural [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance, Related Allowance | 5,402 | 2,542 |
Recorded Investment, Related Allowance | 4,152 | 1,792 |
Allowance for Loan Losses Allocated | 372 | 541 |
Unpaid Principal Balance, No Related Allowance | 2,055 | 2,804 |
Recorded Investment, No Related Allowance | 2,034 | 2,251 |
Allowance for Loan Losses Allocated, No Related Allowance | 0 | 0 |
Commercial Mortgages [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance, Related Allowance | 6,173 | 5,870 |
Recorded Investment, Related Allowance | 5,970 | 5,329 |
Allowance for Loan Losses Allocated | 1,510 | 1,230 |
Unpaid Principal Balance, No Related Allowance | 6,178 | 17,285 |
Recorded Investment, No Related Allowance | 6,152 | 15,555 |
Allowance for Loan Losses Allocated, No Related Allowance | 0 | 0 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance, Related Allowance | 0 | 416 |
Recorded Investment, Related Allowance | 0 | 381 |
Allowance for Loan Losses Allocated | 0 | 81 |
Unpaid Principal Balance, No Related Allowance | 0 | 308 |
Recorded Investment, No Related Allowance | 0 | 212 |
Allowance for Loan Losses Allocated, No Related Allowance | $0 | $0 |
Loans_Impaired_Financing_Recei
Loans - Impaired Financing Receivables with Related and not Related Allowances (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Average Recorded Investment, Total | $22,757 | $24,964 | $18,392 |
Interest Income Recognized, Total | 17 | 20 | 26 |
Cash Basis Interest Recognized, Total | 17 | 20 | 26 |
Commercial, Industrial, and Agricultural [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Average Recorded Investment, Related Allowance | 1,989 | 3,083 | 3,711 |
Interest Income Recognized, Related Allowance | 7 | 4 | 3 |
Cash Basis Interest Recognized, Related Allowance | 7 | 4 | 3 |
Average Recorded Investment, No Related Allowance | 2,124 | 3,217 | 2,050 |
Interest Income Recognized, No Related Allowance | 0 | 0 | 0 |
Cash Basis Interest Recognized, No Related Allowance | 0 | 0 | 0 |
Commercial Mortgages [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Average Recorded Investment, Related Allowance | 6,572 | 5,504 | 6,412 |
Interest Income Recognized, Related Allowance | 3 | 3 | 19 |
Cash Basis Interest Recognized, Related Allowance | 3 | 3 | 19 |
Average Recorded Investment, No Related Allowance | 11,885 | 12,723 | 6,040 |
Interest Income Recognized, No Related Allowance | 0 | 0 | 0 |
Cash Basis Interest Recognized, No Related Allowance | 0 | 0 | 0 |
Residential Real Estate [Member] | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' |
Average Recorded Investment, Related Allowance | 101 | 334 | 179 |
Interest Income Recognized, Related Allowance | 7 | 13 | 4 |
Cash Basis Interest Recognized, Related Allowance | 7 | 13 | 4 |
Average Recorded Investment, No Related Allowance | 86 | 103 | 0 |
Interest Income Recognized, No Related Allowance | 0 | 0 | 0 |
Cash Basis Interest Recognized, No Related Allowance | $0 | $0 | $0 |
Loans_Nonaccrual_Loans_and_Loa
Loans - Nonaccrual Loans and Loans Past Due over 90 Days Still Accruing Interest by Class of Loans (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Nonaccrual | $11,573 | $14,445 |
Past Due Over 90 Days Still on Accrual | 344 | 357 |
Commercial, Industrial, and Agricultural [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Nonaccrual | 1,006 | 3,073 |
Past Due Over 90 Days Still on Accrual | 0 | 0 |
Commercial Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Nonaccrual | 7,236 | 8,570 |
Past Due Over 90 Days Still on Accrual | 0 | 109 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Nonaccrual | 2,389 | 2,792 |
Past Due Over 90 Days Still on Accrual | 150 | 18 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Nonaccrual | 942 | 10 |
Past Due Over 90 Days Still on Accrual | 170 | 217 |
Credit Cards [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Nonaccrual | 0 | 0 |
Past Due Over 90 Days Still on Accrual | $24 | $13 |
Loans_Aging_of_Recorded_Invest
Loans - Aging of Recorded Investment in Past Due Loans (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | $6,019 | $4,039 |
60-89 Days Past Due | 2,447 | 4,207 |
Greater Than 90 Days Past Due | 11,766 | 14,587 |
Total Past Due | 20,232 | 22,833 |
Loans Not Past Due | 1,279,027 | 908,392 |
Total | 1,299,259 | 931,225 |
Commercial, Industrial, and Agricultural [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 211 | 724 |
60-89 Days Past Due | 542 | 157 |
Greater Than 90 Days Past Due | 855 | 2,968 |
Total Past Due | 1,608 | 3,849 |
Loans Not Past Due | 290,096 | 253,242 |
Total | 291,704 | 257,091 |
Commercial Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 1,258 | 1,162 |
60-89 Days Past Due | 713 | 3,197 |
Greater Than 90 Days Past Due | 7,236 | 8,679 |
Total Past Due | 9,207 | 13,038 |
Loans Not Past Due | 458,085 | 248,753 |
Total | 467,292 | 261,791 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 4,216 | 1,390 |
60-89 Days Past Due | 114 | 641 |
Greater Than 90 Days Past Due | 2,539 | 2,700 |
Total Past Due | 6,869 | 4,731 |
Loans Not Past Due | 464,429 | 343,173 |
Total | 471,298 | 347,904 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 334 | 724 |
60-89 Days Past Due | 1,049 | 203 |
Greater Than 90 Days Past Due | 1,112 | 227 |
Total Past Due | 2,495 | 1,154 |
Loans Not Past Due | 60,996 | 57,514 |
Total | 63,491 | 58,668 |
Credit Cards [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 0 | 39 |
60-89 Days Past Due | 29 | 9 |
Greater Than 90 Days Past Due | 24 | 13 |
Total Past Due | 53 | 61 |
Loans Not Past Due | 5,012 | 4,739 |
Total | 5,065 | 4,800 |
Overdrafts [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 0 | 0 |
60-89 Days Past Due | 0 | 0 |
Greater Than 90 Days Past Due | 0 | 0 |
Total Past Due | 0 | 0 |
Loans Not Past Due | 409 | 971 |
Total | $409 | $971 |
Loans_Restructured_in_Troubled
Loans - Restructured in Troubled Debt (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Loans | Loans | |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 12 | 10 |
Loans Balance | $12,136 | $11,621 |
Specific Reserve | 1,455 | 1,099 |
Commercial, Industrial, and Agricultural [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 2 | 2 |
Loans Balance | 1,263 | 1,420 |
Specific Reserve | 0 | 0 |
Commercial Mortgages [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 10 | 8 |
Loans Balance | 10,873 | 10,201 |
Specific Reserve | 1,455 | 1,099 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 0 | 0 |
Loans Balance | 0 | 0 |
Specific Reserve | 0 | 0 |
Consumer [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 0 | 0 |
Loans Balance | 0 | 0 |
Specific Reserve | 0 | 0 |
Credit Cards [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 0 | 0 |
Loans Balance | 0 | 0 |
Specific Reserve | $0 | $0 |
Loans_Loans_by_Class_Modified_
Loans - Loans by Class Modified as Troubled Debt Restructurings (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Loans | Loans | |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 12 | 10 |
Trouble Debt Restructuring [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 3 | 7 |
Pre-Modification Outstanding Recorded Investment | 3,747 | 4,172 |
Post-Modification Outstanding Recorded Investment | 3,681 | 4,172 |
Commercial, Industrial, and Agricultural [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 2 | 2 |
Commercial, Industrial, and Agricultural [Member] | Trouble Debt Restructuring [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 0 | 2 |
Pre-Modification Outstanding Recorded Investment | 0 | 1,455 |
Post-Modification Outstanding Recorded Investment | 0 | 1,455 |
Commercial Mortgages [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 10 | 8 |
Commercial Mortgages [Member] | Trouble Debt Restructuring [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 3 | 5 |
Pre-Modification Outstanding Recorded Investment | 3,747 | 2,717 |
Post-Modification Outstanding Recorded Investment | 3,681 | 2,717 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 0 | 0 |
Residential Real Estate [Member] | Trouble Debt Restructuring [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 0 | 0 |
Pre-Modification Outstanding Recorded Investment | 0 | 0 |
Post-Modification Outstanding Recorded Investment | 0 | 0 |
Consumer [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 0 | 0 |
Consumer [Member] | Trouble Debt Restructuring [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 0 | 0 |
Pre-Modification Outstanding Recorded Investment | 0 | 0 |
Post-Modification Outstanding Recorded Investment | 0 | 0 |
Credit Cards [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 0 | 0 |
Credit Cards [Member] | Trouble Debt Restructuring [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 0 | 0 |
Pre-Modification Outstanding Recorded Investment | 0 | 0 |
Post-Modification Outstanding Recorded Investment | 0 | 0 |
Loans_Schedule_of_Loan_Assigne
Loans - Schedule of Loan Assigned Risk Rating within 12 Months of Balance Sheet Date (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | $758,996 | $518,882 |
Commercial, Industrial, and Agricultural [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 291,704 | 257,091 |
Commercial Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 467,292 | 261,791 |
Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 671,744 | 460,129 |
Pass [Member] | Commercial, Industrial, and Agricultural [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 266,868 | 234,835 |
Pass [Member] | Commercial Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 404,876 | 225,294 |
Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 22,132 | 18,935 |
Special Mention [Member] | Commercial, Industrial, and Agricultural [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 5,377 | 6,641 |
Special Mention [Member] | Commercial Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 16,755 | 12,294 |
Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 64,254 | 38,960 |
Substandard [Member] | Commercial, Industrial, and Agricultural [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 19,318 | 15,459 |
Substandard [Member] | Commercial Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 44,936 | 23,501 |
Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 866 | 858 |
Doubtful [Member] | Commercial, Industrial, and Agricultural [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 141 | 156 |
Doubtful [Member] | Commercial Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | $725 | $702 |
Loans_Recorded_Investment_in_R
Loans - Recorded Investment in Residential, Consumer and Credit Card Loans Based on Payment Activity (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Residential real estate | $471,298 | $347,904 |
Consumer | 63,491 | 58,668 |
Credit cards | 5,065 | 4,800 |
Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Residential real estate | 468,759 | 345,094 |
Consumer | 62,379 | 58,441 |
Credit cards | 5,041 | 4,787 |
Non-Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Residential real estate | 2,539 | 2,810 |
Consumer | 1,112 | 227 |
Credit cards | $24 | $13 |
Loans_Summary_of_Holidays_Loan
Loans - Summary of Holiday's Loan Portfolio Included in Consumer and Residential Loans (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer | $63,491 | $58,668 |
Residential real estate | 471,298 | 347,904 |
Less: unearned discount | -3,896 | -3,401 |
Holiday Financial Services Corporation [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer | 24,891 | 21,535 |
Residential real estate | 1,552 | 954 |
Less: unearned discount | -3,896 | -3,401 |
Total | $22,547 | $19,088 |
Secondary_Market_Mortgage_Acti2
Secondary Market Mortgage Activities - Summary of Secondary Market Mortgage Activities (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Mortgage Banking [Abstract] | ' | ' | ' |
Loans originated for resale, net of principal pay downs | $19,883 | $32,626 | $19,927 |
Proceeds from sales of loans held for sale | 22,252 | 32,512 | 23,324 |
Net gains on sales of loans held for sale | 808 | 927 | 638 |
Loan servicing fees | $375 | $340 | $349 |
Secondary_Market_Mortgage_Acti3
Secondary Market Mortgage Activities - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Debt Disclosure [Abstract] | ' | ' | ' |
Total loans serviced to others | $114,428 | $104,017 | $109,006 |
Fair value of mortgage servicing rights | 915 | 718 | 959 |
Valuation allowance | $0 | $0 | $0 |
Secondary_Market_Mortgage_Acti4
Secondary Market Mortgage Activities - Summary of Activity for Capital Mortgage Servicing Rights (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Mortgage Banking [Abstract] | ' | ' | ' |
Balance, beginning of year | $714 | $906 | $909 |
Additions | 350 | 85 | 249 |
Servicing rights acquired | 83 | 0 | 0 |
Amortization | -242 | -277 | -252 |
Balance, end of year | $905 | $714 | $906 |
Premises_and_Equipment_Summary
Premises and Equipment - Summary of Premises and Equipment (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | $57,348 | $47,726 |
Less: accumulated depreciation | 25,759 | 23,654 |
Premises and equipment, net | 31,589 | 24,072 |
Land [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | 4,412 | 4,126 |
Premises and Leasehold Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | 28,764 | 25,670 |
Furniture, Fixtures and Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | 20,248 | 17,522 |
Construction in Process [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Premises and equipment, gross | $3,924 | $408 |
Premises_and_Equipment_Additio
Premises and Equipment - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Renewal_Terms | |||
Depreciation on premises and equipment | $2,147 | $1,948 | $1,823 |
Rental expense, net of rental income | 490 | 351 | 349 |
Sale leaseback transaction, lease term | '17 years | ' | ' |
Sale leaseback transaction, number of automatic renewals | 2 | ' | ' |
Sale leaseback transaction, two automatic lease renewal, period | '5 years | '5 years | ' |
Sale leaseback transaction, sale of property, amount | 1,200 | ' | ' |
Sale leaseback transaction, deferred gain | 489 | ' | ' |
Sale leaseback transaction, gain recognized | 17 | 19 | 16 |
Facilities [Member] | ' | ' | ' |
Non cancelable operating leases having remaining term less than one year | 20 | ' | ' |
Vehicles [Member] | ' | ' | ' |
Non cancelable operating leases having remaining term less than one year | 4 | ' | ' |
Capital Addition Purchase Commitments [Member] | ' | ' | ' |
Contractual commitment to expand its main office facility in Clearfield, Pennsylvania at a cost | 4,128 | ' | ' |
Construction-related expenditures | $3,112 | ' | ' |
Premises_and_Equipment_Summary1
Premises and Equipment - Summary of Minimum Annual Rental Commitments Under Operating Lease (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Property Plant And Equipment [Abstract] | ' |
2014 | $630 |
2015 | 617 |
2016 | 592 |
2017 | 426 |
2018 | 207 |
Thereafter | 1,169 |
Total | $3,641 |
Premises_and_Equipment_Summary2
Premises and Equipment - Summary of Minimum Annual Rental Commitments Under Sale Lease Back (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Property Plant And Equipment [Abstract] | ' |
2014 | $112 |
2015 | 112 |
2016 | 112 |
2017 | 112 |
2018 | 112 |
Thereafter | 893 |
Total | $1,453 |
Foreclosed_Assets_Summary_of_F
Foreclosed Assets - Summary of Foreclosed Assets Activity (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Banking And Thrift [Abstract] | ' | ' | ' |
Balance, beginning of year | $325 | $505 | $396 |
Additions | 1,151 | 750 | 249 |
Sales (at carrying value) | -490 | -930 | -140 |
Balance, end of year | $986 | $325 | $505 |
Foreclosed_Assets_Summary_of_E
Foreclosed Assets - Summary of Expenses Related to Foreclosed Real Estate (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Banking And Thrift [Abstract] | ' | ' | ' |
Net loss (gain) on sale | ($252) | ($158) | ($101) |
Operating expenses, net of rental income | 81 | 176 | 24 |
Total | ($171) | $18 | ($77) |
Goodwill_and_Intangible_Assets2
Goodwill and Intangible Assets - Summary of Change in the Carrying Amount of Goodwill (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ' |
Balance, beginning of year | $10,946 | $10,821 |
Acquired during the year | 16,248 | 125 |
Balance, end of year | $27,194 | $10,946 |
Goodwill_and_Intangible_Assets3
Goodwill and Intangible Assets - Additional Information (Detail) (USD $) | 12 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Oct. 11, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 |
Unit | Farmers Citizens Bank [Member] | Farmers Citizens Bank [Member] | Farmers Citizens Bank [Member] | Core Deposit [Member] | |||
Goodwill [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Purchase price for performing loan | ' | $1,248 | ' | $41,600 | $41,574 | ' | ' |
Goodwill recorded in connection with acquisition | 27,194 | 10,946 | 10,821 | ' | 16,248 | 125 | ' |
Number of reporting unit | 1 | ' | ' | ' | ' | ' | ' |
Intangible asset | ' | ' | ' | ' | ' | ' | 4,834 |
Amortization expense | ' | ' | ' | ' | ' | ' | 251 |
Net carrying value | ' | ' | ' | ' | ' | ' | $4,583 |
Goodwill_and_Intangible_Assets4
Goodwill and Intangible Assets - Estimated Amortization Expense (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Goodwill And Intangible Assets Disclosure [Abstract] | ' |
2014 | $1,180 |
2015 | 1,007 |
2016 | 835 |
2017 | 662 |
2018 | $489 |
Deposits_Summary_of_Time_Certi
Deposits - Summary of Time Certificates of Deposit Accounts Included in Total Deposits and Their Remaining Maturities (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Deposits [Abstract] | ' |
2014 | $122,126 |
2015 | 43,106 |
2016 | 40,874 |
2017 | 20,608 |
2018 | 27,043 |
Thereafter | 12,005 |
Total | $265,762 |
Deposits_Additional_Informatio
Deposits - Additional Information (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deposits [Abstract] | ' | ' |
Certificates of deposit of $100 thousand or more | $126,924 | $87,018 |
Borrowings_Additional_Informat
Borrowings - Additional Information (Detail) (USD $) | 12 Months Ended | 1 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2007 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 31, 2007 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2007 | Dec. 31, 2013 | Dec. 31, 2012 | |
Security | Unaffiliated institution 1 [Member] | Unaffiliated institution 1 [Member] | Unaffiliated Institution [Member] | Unaffiliated Institution [Member] | Subordinated Debentures [Member] | Subordinated Debentures [Member] | Subordinated Debentures [Member] | Over Night Borrowings [Member] | Over Night Borrowings [Member] | |||
Unaffiliated institution 1 [Member] | Unaffiliated institution 1 [Member] | |||||||||||
Borrowings Under Repurchase Agreements [Line items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, maximum borrowing capacity | ' | $10,000,000 | $9,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit, outstanding amount | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
FHLB borrowings, available capacity | ' | 348,574,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
FHLB borrowings, pledge of selected securities, loan covered amount | ' | 75,885,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
FHLB borrowings, pledge on certain loans, loan covered amount | ' | 469,822,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowings under US treasury | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,950,000 | 23,510,000 |
Borrowings from unaffiliated entities, interest rate | ' | 5.25% | 5.25% | 0.35% | 0.35% | ' | ' | ' | ' | ' | ' | ' |
Borrowings from unaffiliated entities, transaction amount | ' | ' | ' | ' | ' | 10,000,000 | ' | ' | ' | ' | ' | ' |
Borrowings securities pledged under certain transaction | ' | ' | ' | ' | ' | ' | 12,222,000 | ' | ' | ' | ' | ' |
Borrowing maturity date | ' | ' | ' | ' | ' | ' | 20-Mar-17 | ' | ' | ' | ' | ' |
Borrowings, floating interest rate description | ' | ' | ' | ' | ' | ' | 'Variable interest rate of 3 month LIBOR minus 1.0% | 'Floats based on the 3 month LIBOR plus 1.55% and was 1.79% and 1.86% | 'Floats based on the 3 month LIBOR plus 1.55% and was 1.79% and 1.86% | ' | ' | ' |
Line Of Credit, Basis Spread on LIBOR | ' | ' | ' | ' | ' | ' | 1.00% | 1.55% | ' | ' | ' | ' |
Issue of floating rate trust preferred securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | $10,000,000 | ' | ' |
Trust preferred securities, interest payment deferment period maximum | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' |
Trust preferred securities, period end interest rate | ' | ' | ' | ' | ' | ' | ' | 1.79% | 1.86% | ' | ' | ' |
Trust preferred securities, redemption year maximum | ' | ' | ' | ' | ' | ' | ' | '2037 | ' | ' | ' | ' |
Issuance of preferred securities | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowings_Schedule_of_Remaini
Borrowings - Schedule of Remaining Borrowing Capacity with FHLB (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Borrowings Under Repurchase Agreements [Line items] | ' | ' |
Borrowings | $65,000 | $64,296 |
Interest Rate 2.09% [Member] | ' | ' |
Borrowings Under Repurchase Agreements [Line items] | ' | ' |
Borrowings | 20,000 | 20,000 |
Maturity date | 17-Sep-15 | ' |
Interest Rate 4.60% [Member] | ' | ' |
Borrowings Under Repurchase Agreements [Line items] | ' | ' |
Borrowings | 10,000 | 10,000 |
Maturity date | 1-Jun-17 | ' |
Interest Rate 4.02% [Member] | ' | ' |
Borrowings Under Repurchase Agreements [Line items] | ' | ' |
Borrowings | 5,000 | 5,000 |
Maturity date | 7-Aug-17 | ' |
Interest Rate 4.10% [Member] | ' | ' |
Borrowings Under Repurchase Agreements [Line items] | ' | ' |
Borrowings | 5,000 | 5,000 |
Maturity date | 7-Aug-17 | ' |
Interest Rate 4.47% [Member] | ' | ' |
Borrowings Under Repurchase Agreements [Line items] | ' | ' |
Borrowings | 10,000 | 10,000 |
Maturity date | 7-Aug-17 | ' |
Interest Rate 3.97% [Member] | ' | ' |
Borrowings Under Repurchase Agreements [Line items] | ' | ' |
Borrowings | 10,000 | 10,000 |
Maturity date | 10-Oct-17 | ' |
Interest Rate 4.72% [Member] | ' | ' |
Borrowings Under Repurchase Agreements [Line items] | ' | ' |
Borrowings | 700 | 700 |
Maturity date | 7-Jul-23 | ' |
Interest Rate 4.31% [Member] | ' | ' |
Borrowings Under Repurchase Agreements [Line items] | ' | ' |
Borrowings | 2,280 | 2,388 |
Maturity date | 5-Sep-23 | ' |
Interest Rate 5.24% [Member] | ' | ' |
Borrowings Under Repurchase Agreements [Line items] | ' | ' |
Borrowings | 535 | 557 |
Maturity date | 11-Jun-24 | ' |
Interest Rate 3.35% [Member] | ' | ' |
Borrowings Under Repurchase Agreements [Line items] | ' | ' |
Borrowings | 302 | 321 |
Maturity date | 24-May-26 | ' |
Interest Rate 4.00% [Member] | ' | ' |
Borrowings Under Repurchase Agreements [Line items] | ' | ' |
Borrowings | 311 | 330 |
Maturity date | 14-Oct-26 | ' |
Interest Rate 3.23% [Member] | ' | ' |
Borrowings Under Repurchase Agreements [Line items] | ' | ' |
Borrowings | $872 | $0 |
Maturity date | 11-Feb-33 | ' |
Borrowings_Schedule_of_Remaini1
Borrowings - Schedule of Remaining Borrowing Capacity with FHLB (Parenthetical) (Detail) | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2009 | Dec. 31, 2013 | Dec. 31, 2012 | Feb. 29, 2008 | Dec. 31, 2013 | Dec. 31, 2012 | Aug. 31, 2008 | Dec. 31, 2013 | Dec. 31, 2012 | Aug. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Oct. 31, 2009 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
Interest Rate 2.09% [Member] | Interest Rate 4.60% [Member] | Interest Rate 4.60% [Member] | Interest Rate 4.60% [Member] | Interest Rate 4.02% [Member] | Interest Rate 4.02% [Member] | Interest Rate 4.02% [Member] | Interest Rate 4.10% [Member] | Interest Rate 4.10% [Member] | Interest Rate 4.10% [Member] | Interest Rate 4.47% [Member] | Interest Rate 4.47% [Member] | Interest Rate 4.47% [Member] | Interest Rate 3.97% [Member] | Interest Rate 3.97% [Member] | Interest Rate 3.97% [Member] | Interest Rate 4.72% [Member] | Interest Rate 4.31% [Member] | Interest Rate 5.24% [Member] | Interest Rate 3.35% [Member] | Interest Rate 4.00% [Member] | Interest Rate 3.23% [Member] | |
Borrowings Under Repurchase Agreements [Line items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fixed rate on borrowings | 2.09% | 4.60% | 4.60% | 4.60% | 4.02% | 4.02% | 4.02% | 4.10% | 4.10% | 4.10% | 4.47% | 4.47% | 4.47% | 3.97% | 3.97% | 3.97% | 4.72% | 4.31% | 5.24% | 3.35% | 4.00% | 3.23% |
FHLB advances, floating rate description | ' | '3 month LIBOR + 0.16% | ' | ' | '3 month LIBOR + 0.11% | ' | ' | '3 month LIBOR + 0.11% | ' | ' | '3 month LIBOR + 0.11% | ' | ' | '3 month LIBOR + 0.10% | ' | ' | ' | ' | ' | ' | ' | ' |
FHLB advances, basis spread on floating rate | ' | 0.16% | ' | ' | 0.11% | ' | ' | 0.11% | ' | ' | 0.11% | ' | ' | 0.10% | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowings_Maturity_Schedule_o
Borrowings - Maturity Schedule of All Borrowed Funds (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Borrowings [Abstract] | ' |
2014 | $13,159 |
2015 | 20,218 |
2016 | 227 |
2017 | 50,237 |
2018 | 246 |
Thereafter | 24,483 |
Total borrowed funds | $108,570 |
Interest_Rate_Swaps_Additional
Interest Rate Swaps - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | ||
3-May-11 | Aug. 01, 2008 | Dec. 31, 2013 | Dec. 31, 2012 | |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Term of interest rate swap agreement executed | '5 years | '5 years | ' | ' |
Interest rate swap inception date | 3-May-11 | 1-Aug-08 | ' | ' |
Value of subordinated note hedged | $10,000,000 | $10,000,000 | ' | ' |
Interest rate swap effective date | 15-Sep-13 | 15-Sep-08 | ' | ' |
Interest rate | 'The interest rate swap involves the receipt of variable-rate amounts in exchange for fixed-rate payments from September 15, 2013 to September 15, 2018 without exchange of the underlying notional amount | 'The interest Rate swap involved the receipt of variable-rate amounts in exchange for fixed-rate payments from September 15, 2008 to the September 15, 2013 maturity date without exchange of the underlying notional amount | ' | ' |
Interest rate swap maturity date | ' | 15-Sep-13 | ' | ' |
Derivatives designated as fair value hedges | ' | ' | 0 | 0 |
Accumulated other comprehensive loss estimated | ' | ' | 378,000 | ' |
Collateral amount for counterparty interest rate swap | ' | ' | $1,400,000 | $1,950,000 |
LIBOR Plus 155 Basis Points [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Variable rate on the subordinated debt on effective date in case of interest rate swap | ' | ' | 'LIBOR plus 155 basis points | ' |
Variable interest rate on subordinate debt | ' | ' | 1.79% | ' |
4.02% Fixed Rate Plus 155 Basis Points [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Variable rate on the subordinated debt on effective date in case of interest rate swap | ' | ' | '4.02% fixed rate plus 155 basis points | ' |
Interest rate being paid by the corporation | ' | ' | 5.57% | ' |
Interest Rate Swaps [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Derivative basis spread on variable rate | ' | ' | 1.55% | ' |
Derivative fixed interest rate rate basis | ' | ' | 4.02% | ' |
Interest_Rate_Swaps_Amounts_an
Interest Rate Swaps - Amounts and Locations of Activity Related to Interest Rate Swaps Designated as Cash Flow Hedges within Corporation's Consolidated Balance Sheet and Statement of Income (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Derivative [Line Items] | ' | ' | ' |
Interest rate contracts | $409 | ($49) | ($522) |
Interest Expense - Subordinated Debentures [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Interest expense, Fair Value | -400 | -390 | -402 |
Other Income [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Other income | 0 | 0 | 0 |
Accrued Interest and Other Liabilities [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Interest rate contract, fair value | ($1,116) | ($1,745) | ' |
Income_Taxes_Summary_of_Income
Income Taxes - Summary of Income Tax Expense (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Disclosure [Abstract] | ' | ' | ' |
Current - federal | $7,189 | $6,535 | $4,951 |
Current - state | 128 | 116 | 137 |
Deferred - federal | -977 | -240 | 441 |
Income tax expense | $6,340 | $6,411 | $5,529 |
Income_Taxes_Components_of_Net
Income Taxes - Components of Net Deferred Tax Liability (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deferred tax assets: | ' | ' |
Allowance for loan losses | $5,084 | $4,632 |
Unrealized loss on securities available for sale | 4,085 | 0 |
Fair value adjustments - business combination | 3,541 | 0 |
Deferred compensation | 2,179 | 1,753 |
Impaired security valuation | 590 | 670 |
Net operating loss carryover | 2,155 | 0 |
Capital loss carryover | 0 | 278 |
Post-retirement benefits | 1,308 | 1,063 |
Unrealized loss on interest rate swap | 391 | 616 |
Nonaccrual loan interest | 516 | 305 |
Accrued expenses | 817 | 297 |
Other | 296 | 312 |
Deferred tax assets | 20,962 | 9,926 |
Deferred tax liabilities: | ' | ' |
Unrealized gain on securities available for sale | 0 | 8,636 |
Premises and equipment | 1,527 | 1,535 |
Intangibles - section 197 | 5,130 | 3,179 |
Mortgage servicing rights | 317 | 250 |
Other | 328 | 339 |
Deferred tax liabilities | 7,302 | 13,939 |
Net deferred tax asset (liability) | $13,660 | ($4,013) |
Income_Taxes_Reconciliation_of
Income Taxes - Reconciliation of Income Tax Attributable to Pre-Tax Income at Federal Statutory Tax Rates to Income Tax Expense (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Income Tax Disclosure [Abstract] | ' | ' | ' |
Tax at statutory rate, value | $8,057 | $8,241 | $7,222 |
Tax exempt income, net value | -1,664 | -1,553 | -1,353 |
Bank owned life insurance, value | -543 | -341 | -325 |
Merger costs, value | 233 | 0 | 0 |
Other, value | 257 | 64 | -15 |
Income tax expense | $6,340 | $6,411 | $5,529 |
Tax at statutory rate, percent | 35.00% | 35.00% | 35.00% |
Tax exempt income, net percent | -7.20% | -6.60% | -6.60% |
Bank owned life insurance, percent | -2.40% | -1.40% | -1.60% |
Merger costs, percent | 1.00% | 0.00% | 0.00% |
Other, percent | 1.10% | 0.20% | 0.00% |
Income tax expense, percent | 27.50% | 27.20% | 26.80% |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Business Acquisition [Line Items] | ' | ' |
Unrecognized tax benefit | $0 | $0 |
Income tax matters accrued interest or penalties | 0 | 0 |
Income tax examination, open tax year description | 'Tax years 2010 through 2012 remain open to federal and state examination. | ' |
Farmers Citizens Bank [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Net operating loss carryforward, amount | $6,367 | ' |
Net operating loss carryforward, expiration year | '2033 | ' |
Employee_Benefit_Plans_Additio
Employee Benefit Plans - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Age | |||
Services | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Employee pretax contribution percentage | 100.00% | ' | ' |
Employees compensation | 50.00% | ' | ' |
Corporations contributions | $431 | $397 | $385 |
Profit sharing contributions | 6.00% | ' | ' |
Compensation percentage in excess of specified amount | 5.70% | ' | ' |
Excess of compensation | 114 | ' | ' |
Recognized profit sharing expense | 855 | 783 | 667 |
Obligations of other liabilities | 4,120 | 3,792 | ' |
Expenses related employee benefit plans | 541 | 728 | 647 |
Obligations under survivor benefit plan | 932 | 813 | ' |
Other liabilities related to survivor benefit plan | 119 | 127 | 106 |
Employee retirement health care benefits plan | 60 | ' | ' |
Minimum service period for participation in benefit plan | 30 | ' | ' |
Accumulated benefit obligation | 2,485 | 2,224 | ' |
Amortized from accumulated other comprehensive income into net periodic benefit cost | 149 | ' | ' |
Weighted average discount rate net periodic benefit cost | 3.88% | 4.29% | 5.50% |
Weighted average rate accrued benefit obligations | 4.31% | 3.88% | 4.29% |
Expected costs of benefit | 5.00% | ' | ' |
Percent rate of increase in the health care trend | 1.00% | ' | ' |
Increase in health care trend rates | 241 | ' | ' |
Increase service and interest costs | 21 | ' | ' |
Percent rate of decrease in the health care trend | 1.00% | ' | ' |
Decrease in health care trend rates | 217 | ' | ' |
Decrease service and interest costs | $19 | ' | ' |
Minimum [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Employee contribution percentage | 1.00% | ' | ' |
Total contributed by employee percentage | 1.00% | ' | ' |
Qualifying dependents age group | 60 | ' | ' |
Maximum [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Employee contribution percentage | 3.00% | ' | ' |
Total contributed by employee percentage | 4.00% | ' | ' |
Qualifying dependents age group | 65 | ' | ' |
Employee_Benefit_Plans_Unfunde
Employee Benefit Plans - Unfunded Post Retirement Benefits Plan (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Compensation And Retirement Disclosure [Abstract] | ' | ' | ' |
Benefit obligation at beginning of year | $2,224 | $1,674 | $1,073 |
Interest cost | 84 | 69 | 56 |
Service cost | 125 | 88 | 49 |
Actual claims | -167 | -184 | -262 |
Plan amendment | -602 | 0 | 0 |
Actuarial loss | 821 | 577 | 758 |
Benefit obligation at end of year | $2,485 | $2,224 | $1,674 |
Employee_Benefit_Plans_Accumul
Employee Benefit Plans - Accumulated Other Comprehensive Income (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Employee Benefit Plan [Line Items] | ' | ' |
Net actuarial loss | ($1,667) | ($1,502) |
Transition obligation | 0 | -7 |
Tax effect | 583 | 528 |
Accumulated Other Comprehensive Income (Loss) [Member] | ' | ' |
Employee Benefit Plan [Line Items] | ' | ' |
Actuarial loss | -1,667 | -1,509 |
Employee Benefit Plan [Member] | ' | ' |
Employee Benefit Plan [Line Items] | ' | ' |
Other comprehensive income (loss) | ($1,084) | ($981) |
Employee_Benefit_Plans_Recogni
Employee Benefit Plans - Recognized Net Periodic Benefit Cost and Other Comprehensive Income (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Compensation And Retirement Disclosure [Abstract] | ' | ' | ' |
Service cost | $125 | $88 | $49 |
Interest cost | 84 | 69 | 56 |
Net amortization of transition obligation and actuarial loss | 61 | 41 | 11 |
Net periodic benefit cost | 270 | 198 | 116 |
Net loss | 821 | 578 | 758 |
Plan amendment | -602 | 0 | 0 |
Amortization of loss | -54 | -34 | -4 |
Transition obligation | -7 | -7 | -7 |
Total recognized in other comprehensive income | 158 | 537 | 747 |
Total recognized in net periodic benefit cost and other comprehensive income | $428 | $735 | $863 |
Deferred_Compensation_Plans_Ad
Deferred Compensation Plans - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2013 | |
Postemployment Benefits [Abstract] | ' |
Maximum period for deferred compensation plan payment after individual's termination of service | '10 years |
Deferred_Compensation_Plans_Su
Deferred Compensation Plans - Summary of Changes in Deferred Compensation Plan Liability (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Postemployment Benefits [Abstract] | ' | ' | ' |
Balance, beginning of year | $990 | $987 | $1,038 |
Deferrals, dividends, and changes in fair value recorded as an expense | 191 | 84 | 80 |
Deferred compensation payments | -81 | -81 | -131 |
Balance, end of year | $1,100 | $990 | $987 |
StockBased_Compensation_Summar
Stock-Based Compensation - Summary of the Status of the Stock Options (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ' | ' |
Outstanding, Stock Option, Beginning balance | 75,500 | ' | ' |
Stock option, Exercised | -40,000 | -31,875 | -28,750 |
Outstanding, Stock Option, Ending balance | 35,500 | 75,500 | ' |
Options vested and exercisable | 35,500 | ' | ' |
Fair value of options granted during 2013 | ' | ' | ' |
Number of authorized stock-based awards available for grant | 393,441 | ' | ' |
Outstanding Weighted-average Exercise Price, Beginning balance | $16.79 | ' | ' |
Weighted-average Exercise Price, Exercised | $17.45 | ' | ' |
Outstanding Weighted-average Exercise Price, Ending balance | $16.04 | $16.79 | ' |
StockBased_Compensation_Summar1
Stock-Based Compensation - Summary of Options Outstanding and Exercisable (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ' |
Exercise Price | $16.04 | ' |
Number of options outstanding and exercisable shares | 35,500 | 75,500 |
Options outstanding Weighted Average Remaining Contractual Term | '1 year | ' |
StockBased_Compensation_Additi
Stock-Based Compensation - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Aggregate intrinsic value of option outstanding and exercisable | $105 | $13 | ' |
Unrecognized compensation cost related to nonvested stock options granted | 0 | 0 | ' |
Fair value of shares vesting during period | 323 | 206 | 173 |
Restricted Stock Awards [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Compensation Expense | 390 | 277 | 213 |
Unvested Restricted Stock Awards [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Unrecognized compensation cost related to nonvested stock options granted | 0 | ' | ' |
Total unrecognized compensation cost | $675 | $536 | ' |
StockBased_Compensation_Additi1
Stock-Based Compensation - Additional Information Related to the Stock Option Plan (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ' | ' |
Intrinsic value of options exercised | $99 | $114 | $151 |
Cash received from option exercises | $698 | $424 | $259 |
StockBased_Compensation_Summar2
Stock-Based Compensation - Summary of Changes in Nonvested Restricted Stock Awards (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ' | ' |
Nonvested at beginning of period, Shares | 49,574 | ' | ' |
Granted, Shares | 31,500 | 26,900 | 17,900 |
Forfeited, Shares | -525 | ' | ' |
Vested, Shares | -18,473 | ' | ' |
Nonvested at end of period, Shares | 62,076 | 49,574 | ' |
Nonvested at beginning of period, Weighted-average Grant Date Fair Value | $15.37 | ' | ' |
Granted, Weighted-average Grant Date Fair Value | $17.10 | ' | ' |
Forfeited, Weighted-average Grant Date Fair Value | $16.44 | ' | ' |
Vested, Weighted-average Grant Date Fair Value | $15.33 | ' | ' |
Nonvested at end of period, Weighted-average Grant Date Fair Value | $16.25 | $15.37 | ' |
Related_Party_Transactions_Add
Related Party Transactions - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Related Party Transactions [Abstract] | ' | ' |
Aggregate of loans total | $2,238 | $1,144 |
Payments to fund long-term loans to related parties | 1,432 | ' |
Repayment total | 463 | ' |
Loans added due to change in the composition of related parties | 125 | ' |
Deposits | $48,249 | $25,293 |
Capital_Requirements_and_Restr2
Capital Requirements and Restrictions on Retained Earnings - Additional Information (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Event | |
CapitalCategory | |
Banking And Thrift [Abstract] | ' |
Number of capital categories provided by PCA regulation | 5 |
Number of events resulting in change in Bank's capital category | 0 |
Accumulated net earnings | $22,763 |
Capital_Requirements_and_Restr3
Capital Requirements and Restrictions on Retained Earnings - Summary of Actual and Required Capital Amounts and Ratios (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total Capital to Risk Weighted Assets, Actual Amount | $183,984 | $152,968 |
Total Capital to Risk Weighted Assets, Actual Ratio | 13.72% | 15.28% |
Total Capital to Risk Weighted Assets, For Capital Adequacy Purposes Amount | 107,316 | 80,073 |
Total Capital to Risk Weighted Assets, For Capital Adequacy Purposes Ratio | 8.00% | 8.00% |
Tier 1 (Core) Capital to Risk Weighted Assets, Actual Amount | 167,773 | 140,426 |
Tier 1 (Core) Capital to Risk Weighted Assets, Actual Ratio | 12.51% | 14.03% |
Tier 1 (Core) Capital to Risk Weighted Assets, For Capital Adequacy Purposes Amount | 53,658 | 40,036 |
Tier 1 (Core) Capital to Risk Weighted Assets, For Capital Adequacy Purposes Ratio | 4.00% | 4.00% |
Tier 1 (Core) Capital to Average Assets, Actual Amount | 167,773 | 140,426 |
Tier 1 (Core) Capital to Average Assets, Actual Ratio | 7.96% | 8.06% |
Tier 1 (Core) Capital to Average Assets, For Capital Adequacy Purposes, Amount | 84,332 | 69,726 |
Tier 1 (Core) Capital to Average Assets, For Capital Adequacy Purposes, Ratio | 4.00% | 4.00% |
Bank [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total Capital to Risk Weighted Assets, Actual Amount | 166,440 | 131,788 |
Total Capital to Risk Weighted Assets, Actual Ratio | 12.57% | 13.46% |
Total Capital to Risk Weighted Assets, For Capital Adequacy Purposes Amount | 105,912 | 78,324 |
Total Capital to Risk Weighted Assets, For Capital Adequacy Purposes Ratio | 8.00% | 8.00% |
Total Capital to Risk Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | 132,390 | 97,905 |
Total Capital to Risk Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | 10.00% | 10.00% |
Tier 1 (Core) Capital to Risk Weighted Assets, Actual Amount | 151,585 | 119,534 |
Tier 1 (Core) Capital to Risk Weighted Assets, Actual Ratio | 11.45% | 12.21% |
Tier 1 (Core) Capital to Risk Weighted Assets, For Capital Adequacy Purposes Amount | 52,956 | 39,162 |
Tier 1 (Core) Capital to Risk Weighted Assets, For Capital Adequacy Purposes Ratio | 4.00% | 4.00% |
Tier 1 (Core) Capital to Risk Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount | 79,434 | 58,743 |
Tier 1 (Core) Capital to Risk Weighted Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio | 6.00% | 6.00% |
Tier 1 (Core) Capital to Average Assets, Actual Amount | 151,585 | 119,534 |
Tier 1 (Core) Capital to Average Assets, Actual Ratio | 7.39% | 6.99% |
Tier 1 (Core) Capital to Average Assets, For Capital Adequacy Purposes, Amount | 82,078 | 68,409 |
Tier 1 (Core) Capital to Average Assets, For Capital Adequacy Purposes, Ratio | 4.00% | 4.00% |
Tier 1 (Core) Capital to Average Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount | $102,597 | $85,512 |
Tier 1 (Core) Capital to Average Assets, To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio | 5.00% | 5.00% |
Off_Balance_Sheet_Activities_S
Off Balance Sheet Activities - Schedule of Off-Balance Sheet Risks (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Commitments to Make Loans [Member] | Fixed Rate [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis Unobservable Input [Line Items] | ' | ' |
Off-balance sheet risks, amount, liability | $54,556 | $13,670 |
Commitments to Make Loans [Member] | Variable Rate [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis Unobservable Input [Line Items] | ' | ' |
Off-balance sheet risks, amount, liability | 155,391 | 171,862 |
Unused Lines of Credit [Member] | Fixed Rate [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis Unobservable Input [Line Items] | ' | ' |
Off-balance sheet risks, amount, liability | 0 | 0 |
Unused Lines of Credit [Member] | Variable Rate [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis Unobservable Input [Line Items] | ' | ' |
Off-balance sheet risks, amount, liability | 78,937 | 69,621 |
Standby Letters of Credit [Member] | Fixed Rate [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis Unobservable Input [Line Items] | ' | ' |
Off-balance sheet risks, amount, liability | 0 | 0 |
Standby Letters of Credit [Member] | Variable Rate [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis Unobservable Input [Line Items] | ' | ' |
Off-balance sheet risks, amount, liability | $13,520 | $22,598 |
Off_Balance_Sheet_Activities_A
Off Balance Sheet Activities - Additional Information (Detail) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Fair Value Assets Measured On Recurring Basis Unobservable Input [Line Items] | ' | ' |
Commitments to make loans periods | '60 days or less | ' |
Minimum [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis Unobservable Input [Line Items] | ' | ' |
Fixed Interest rate loan | 2.15% | 2.15% |
Fixed rate loan Maturities range | '3 months | '3 months |
Maximum [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis Unobservable Input [Line Items] | ' | ' |
Fixed Interest rate loan | 18.00% | 16.00% |
Fixed rate loan Maturities range | '20 years | '20 years |
Fair_Value_Assets_and_Liabilit
Fair Value - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Securities Available For Sale: | ' | ' |
Securities available for sale | $685,991 | $737,311 |
Trading Securities: | ' | ' |
Trading securities | 4,127 | 4,459 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 985 | 54,169 |
Trading Securities: | ' | ' |
Trading securities | 3,923 | 4,300 |
Liabilities: | ' | ' |
Interest rate swaps | 0 | 0 |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 684,345 | 680,562 |
Trading Securities: | ' | ' |
Trading securities | 204 | 159 |
Liabilities: | ' | ' |
Interest rate swaps | -1,116 | -1,745 |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 661 | 2,580 |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Liabilities: | ' | ' |
Interest rate swaps | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 685,991 | 737,311 |
Trading Securities: | ' | ' |
Trading securities | 4,127 | 4,459 |
Fair Value Measurement on Recurring Basis [Member] | U.S. Treasury [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 0 | 4,036 |
Fair Value Measurement on Recurring Basis [Member] | U.S. Government Sponsored Entities [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 181,625 | 163,781 |
Trading Securities: | ' | ' |
Trading securities | 52 | 58 |
Fair Value Measurement on Recurring Basis [Member] | States and Political Subdivisions [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 177,943 | 181,279 |
Fair Value Measurement on Recurring Basis [Member] | Residential and Multi-Family Mortgage [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 242,607 | 316,822 |
Fair Value Measurement on Recurring Basis [Member] | Commercial Mortgage [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 374 | 1,304 |
Fair Value Measurement on Recurring Basis [Member] | Corporate Notes and Bonds [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 14,075 | 15,024 |
Trading Securities: | ' | ' |
Trading securities | 152 | 101 |
Fair Value Measurement on Recurring Basis [Member] | Pooled Trust Preferred [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 661 | 600 |
Fair Value Measurement on Recurring Basis [Member] | Pooled SBA [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 67,721 | 52,927 |
Fair Value Measurement on Recurring Basis [Member] | Other Securities [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 985 | 1,538 |
Fair Value Measurement on Recurring Basis [Member] | Corporate Equity Securities [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 2,705 | 3,117 |
Fair Value Measurement on Recurring Basis [Member] | Certificates of Deposit [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 253 | 408 |
Fair Value Measurement on Recurring Basis [Member] | International Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 259 | 287 |
Fair Value Measurement on Recurring Basis [Member] | Large Cap Growth Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 197 | 157 |
Fair Value Measurement on Recurring Basis [Member] | Money Market Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 124 | 110 |
Fair Value Measurement on Recurring Basis [Member] | Large Cap Value Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 129 | 104 |
Fair Value Measurement on Recurring Basis [Member] | Real Estate Investment Trust Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 39 | 65 |
Fair Value Measurement on Recurring Basis [Member] | Small Cap Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 83 | 26 |
Fair Value Measurement on Recurring Basis [Member] | Mid Cap Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 84 | 26 |
Fair Value Measurement on Recurring Basis [Member] | Interest Rate Swaps [Member] | ' | ' |
Liabilities: | ' | ' |
Interest rate swaps | -1,116 | -1,745 |
Fair Value Measurement on Recurring Basis [Member] | Commodities Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 50 | ' |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 985 | 54,169 |
Trading Securities: | ' | ' |
Trading securities | 3,923 | 4,300 |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U.S. Treasury [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U.S. Government Sponsored Entities [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 0 | 0 |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | States and Political Subdivisions [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Residential and Multi-Family Mortgage [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Commercial Mortgage [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Corporate Notes and Bonds [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 0 | 0 |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Pooled Trust Preferred [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Pooled SBA [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 0 | 52,631 |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Other Securities [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 985 | 1,538 |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Corporate Equity Securities [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 2,705 | 3,117 |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Certificates of Deposit [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 253 | 408 |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | International Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 259 | 287 |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Large Cap Growth Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 197 | 157 |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Money Market Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 124 | 110 |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Large Cap Value Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 129 | 104 |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Real Estate Investment Trust Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 39 | 65 |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Small Cap Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 83 | 26 |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Mid Cap Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 84 | 26 |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Interest Rate Swaps [Member] | ' | ' |
Liabilities: | ' | ' |
Interest rate swaps | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Commodities Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 50 | ' |
Fair Value Measurement on Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 684,345 | 680,562 |
Trading Securities: | ' | ' |
Trading securities | 204 | 159 |
Fair Value Measurement on Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. Treasury [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 0 | 4,036 |
Fair Value Measurement on Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. Government Sponsored Entities [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 181,625 | 163,781 |
Trading Securities: | ' | ' |
Trading securities | 52 | 58 |
Fair Value Measurement on Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | States and Political Subdivisions [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 177,943 | 181,279 |
Fair Value Measurement on Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Residential and Multi-Family Mortgage [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 242,607 | 316,822 |
Fair Value Measurement on Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Commercial Mortgage [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 374 | 1,304 |
Fair Value Measurement on Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Corporate Notes and Bonds [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 14,075 | 13,044 |
Trading Securities: | ' | ' |
Trading securities | 152 | 101 |
Fair Value Measurement on Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Pooled Trust Preferred [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Pooled SBA [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 67,721 | 296 |
Fair Value Measurement on Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Other Securities [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Corporate Equity Securities [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Certificates of Deposit [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | International Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Large Cap Growth Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Money Market Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Large Cap Value Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Real Estate Investment Trust Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Small Cap Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Mid Cap Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Interest Rate Swaps [Member] | ' | ' |
Liabilities: | ' | ' |
Interest rate swaps | -1,116 | -1,745 |
Fair Value Measurement on Recurring Basis [Member] | Significant Other Observable Inputs (Level 2) [Member] | Commodities Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 0 | ' |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 661 | 2,580 |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | U.S. Treasury [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | U.S. Government Sponsored Entities [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 0 | 0 |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | States and Political Subdivisions [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Residential and Multi-Family Mortgage [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Commercial Mortgage [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Corporate Notes and Bonds [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 0 | 1,980 |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Pooled Trust Preferred [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 661 | 600 |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Pooled SBA [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Other Securities [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Corporate Equity Securities [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Certificates of Deposit [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | International Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Large Cap Growth Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Money Market Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Large Cap Value Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Real Estate Investment Trust Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Small Cap Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Mid Cap Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Interest Rate Swaps [Member] | ' | ' |
Liabilities: | ' | ' |
Interest rate swaps | 0 | 0 |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | Commodities Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | $0 | ' |
Fair_Value_Securities_Availabl
Fair Value - Securities Available for Sale Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Corporate Notes and Bonds [Member] | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Beginning Balance | $1,980 | $2,060 |
Total gains or (losses): | ' | ' |
Included in other comprehensive income (loss) (unrealized) | -29 | -80 |
Included in realized gains on available-for-sale securities | 58 | ' |
Sale of available-for-sale securities | -2,009 | ' |
Ending Balance | 0 | 1,980 |
Pooled Trust Preferred [Member] | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Beginning Balance | 600 | 340 |
Total gains or (losses): | ' | ' |
Included in other comprehensive income (loss) (unrealized) | 61 | 260 |
Included in realized gains on available-for-sale securities | 0 | ' |
Sale of available-for-sale securities | 0 | ' |
Ending Balance | $661 | $600 |
Fair_Value_Quantitative_Inform
Fair Value - Quantitative Information About Level 3 Fair Value Measurements (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Corporate Notes and Bonds [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value | ' | $1,980 |
Corporate Notes and Bonds [Member] | Constant Prepayment Rate [Member] | Discounted Cash Flow [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Input utilized one | ' | 0.00% |
Corporate Notes and Bonds [Member] | Probability of Default [Member] | Discounted Cash Flow [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Input utilized one | ' | 0.00% |
Corporate Notes and Bonds [Member] | Discount Rate [Member] | Discounted Cash Flow [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Input utilized one | ' | 9.60% |
Pooled Trust Preferred [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value | $661 | $600 |
Pooled Trust Preferred [Member] | Collateral Default Rate [Member] | Discounted Cash Flow [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Input utilized two | '2% in 2014; 1.5% in 2015; 1.0% in 2016; 0.5% in 2017 and thereafter | '2% annually for 2 years; 0.36% thereafter |
Pooled Trust Preferred [Member] | Yield [Member] | Discounted Cash Flow [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Input utilized one | 15.00% | 13.00% |
Pooled Trust Preferred [Member] | Recovery Probability [Member] | Discounted Cash Flow [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Input utilized two | ' | '10%, lagged 2 years |
Pooled Trust Preferred [Member] | Prepayment Speed [Member] | Discounted Cash Flow [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Input utilized two | '2.0% constant prepayment rate in 2014 and thereafter | ' |
Fair_Value_Additional_Informat
Fair Value - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Securities | Securities | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Number of securities transferred from level 2 to level 1 | 0 | 0 |
Impaired loans, principal balance | $19,808 | $29,225 |
Impaired loans allowance | 1,882 | 1,852 |
Pooled SBA [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Residential mortgage and asset backed securities | 52,631 | ' |
Collateral Dependent Loans [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Impaired loans, principal balance | 8,161 | 12,535 |
Impaired loans allowance | 1,455 | 1,738 |
Impaired loans, additional provisions | $1,415 | $2,558 |
Fair_Value_Sale_Securities_Rep
Fair Value - Sale Securities Reported as Level 1 Securities as of Beginning of Period were Transferred to Level 2 Category (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2012 |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' |
Securities transferred to level 2 fair value | $15,232 |
U.S. Government Sponsored Entities [Member] | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' |
Securities transferred to level 2 fair value | 2,000 |
States and Political Subdivisions [Member] | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' |
Securities transferred to level 2 fair value | 4,655 |
Residential and Multi-Family Mortgage [Member] | ' |
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ' |
Securities transferred to level 2 fair value | $8,577 |
Fair_Value_Assets_and_Liabilit1
Fair Value - Assets and Liabilities Measured at Fair Value on Non-Recurring Basis (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Commercial Mortgages [Member] | ' | ' |
Impaired loans: | ' | ' |
Fair value assets and liabilities measured on a nonrecurring basis | $3,000 | $8,422 |
Commercial, Industrial, and Agricultural [Member] | ' | ' |
Impaired loans: | ' | ' |
Fair value assets and liabilities measured on a nonrecurring basis | 3,706 | 1,973 |
Residential Real Estate [Member] | ' | ' |
Impaired loans: | ' | ' |
Fair value assets and liabilities measured on a nonrecurring basis | ' | 402 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Commercial Mortgages [Member] | ' | ' |
Impaired loans: | ' | ' |
Fair value assets and liabilities measured on a nonrecurring basis | 0 | 0 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Commercial, Industrial, and Agricultural [Member] | ' | ' |
Impaired loans: | ' | ' |
Fair value assets and liabilities measured on a nonrecurring basis | 0 | 0 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Residential Real Estate [Member] | ' | ' |
Impaired loans: | ' | ' |
Fair value assets and liabilities measured on a nonrecurring basis | ' | 0 |
Significant Other Observable Inputs (Level 2) [Member] | Commercial Mortgages [Member] | ' | ' |
Impaired loans: | ' | ' |
Fair value assets and liabilities measured on a nonrecurring basis | 0 | 0 |
Significant Other Observable Inputs (Level 2) [Member] | Commercial, Industrial, and Agricultural [Member] | ' | ' |
Impaired loans: | ' | ' |
Fair value assets and liabilities measured on a nonrecurring basis | 0 | 0 |
Significant Other Observable Inputs (Level 2) [Member] | Residential Real Estate [Member] | ' | ' |
Impaired loans: | ' | ' |
Fair value assets and liabilities measured on a nonrecurring basis | ' | 0 |
Significant Unobservable Inputs (Level 3) [Member] | Commercial Mortgages [Member] | ' | ' |
Impaired loans: | ' | ' |
Fair value assets and liabilities measured on a nonrecurring basis | 3,000 | 8,422 |
Significant Unobservable Inputs (Level 3) [Member] | Commercial, Industrial, and Agricultural [Member] | ' | ' |
Impaired loans: | ' | ' |
Fair value assets and liabilities measured on a nonrecurring basis | 3,706 | 1,973 |
Significant Unobservable Inputs (Level 3) [Member] | Residential Real Estate [Member] | ' | ' |
Impaired loans: | ' | ' |
Fair value assets and liabilities measured on a nonrecurring basis | ' | $402 |
Fair_Value_Quantitative_Inform1
Fair Value - Quantitative Information about Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on Non Recurring Basis (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Impaired Loans - Commercial Mortgages [Member] | Sales Comparison Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value | $3,000 | $8,422 |
Impaired Loans - Commercial, Industrial, and Agricultural [Member] | Sales Comparison Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value | 3,274 | ' |
Impaired Loans - Commercial, Industrial, and Agricultural [Member] | Income Approach Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value | 432 | 1,973 |
Impaired Loans - Residential Real Estate [Member] | Sales Comparison Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value | ' | $402 |
Minimum [Member] | Impaired Loans - Commercial Mortgages [Member] | Sales Comparison Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Sales comparison approach | 17.00% | 1.00% |
Minimum [Member] | Impaired Loans - Commercial, Industrial, and Agricultural [Member] | Income Approach Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Income approach | ' | 24.00% |
Minimum [Member] | Impaired Loans - Residential Real Estate [Member] | Sales Comparison Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Sales comparison approach | ' | 10.00% |
Maximum [Member] | Impaired Loans - Commercial Mortgages [Member] | Sales Comparison Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Sales comparison approach | 61.00% | 39.00% |
Maximum [Member] | Impaired Loans - Commercial, Industrial, and Agricultural [Member] | Income Approach Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Income approach | ' | 38.00% |
Maximum [Member] | Impaired Loans - Residential Real Estate [Member] | Sales Comparison Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Sales comparison approach | ' | 15.00% |
Weighted Average [Member] | Impaired Loans - Commercial Mortgages [Member] | Sales Comparison Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Sales comparison approach | 22.00% | -19.00% |
Weighted Average [Member] | Impaired Loans - Commercial, Industrial, and Agricultural [Member] | Sales Comparison Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Sales comparison approach | 9.00% | ' |
Weighted Average [Member] | Impaired Loans - Commercial, Industrial, and Agricultural [Member] | Income Approach Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Income approach | 2.00% | -27.00% |
Weighted Average [Member] | Impaired Loans - Residential Real Estate [Member] | Sales Comparison Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Sales comparison approach | ' | -11.00% |
Fair_Value_Carrying_Amount_and
Fair Value - Carrying Amount and Fair Value of Financial Instruments (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
ASSETS | ' | ' | ' | ' |
Cash and cash equivalents | $29,633 | $31,881 | $39,703 | $37,432 |
Interest bearing time deposits with other banks | 275 | 225 | ' | ' |
Securities available for sale | 685,991 | 737,311 | ' | ' |
Trading securities | 4,127 | 4,459 | ' | ' |
Loans held for sale | 487 | 2,398 | ' | ' |
Net loans | 1,279,129 | 913,764 | ' | ' |
FHLB and other equity interests | 7,533 | 6,684 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Deposits | -1,835,314 | -1,485,003 | ' | ' |
Subordinated debentures | -20,620 | -20,620 | ' | ' |
Carrying Amount [Member] | ' | ' | ' | ' |
ASSETS | ' | ' | ' | ' |
Cash and cash equivalents | 29,633 | 31,881 | ' | ' |
Interest bearing time deposits with other banks | 275 | 225 | ' | ' |
Securities available for sale | 685,991 | 737,311 | ' | ' |
Trading securities | 4,127 | 4,459 | ' | ' |
Loans held for sale | 487 | 2,398 | ' | ' |
Net loans | 1,279,129 | 913,764 | ' | ' |
FHLB and other equity interests | 7,533 | 6,684 | ' | ' |
Accrued interest receivable | 8,032 | 6,863 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Deposits | -1,835,314 | -1,485,003 | ' | ' |
FHLB and other borrowings | -87,950 | -97,806 | ' | ' |
Subordinated debentures | -20,620 | -20,620 | ' | ' |
Interest rate swaps | -1,116 | -1,745 | ' | ' |
Accrued interest payable | -868 | -1,022 | ' | ' |
Total Fair Value [Member] | ' | ' | ' | ' |
ASSETS | ' | ' | ' | ' |
Cash and cash equivalents | 29,633 | 31,881 | ' | ' |
Interest bearing time deposits with other banks | 274 | 281 | ' | ' |
Securities available for sale | 685,991 | 737,311 | ' | ' |
Trading securities | 4,127 | 4,459 | ' | ' |
Loans held for sale | 507 | 2,460 | ' | ' |
Net loans | 1,276,622 | 946,238 | ' | ' |
Accrued interest receivable | 8,032 | 6,863 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Deposits | -1,834,789 | -1,487,545 | ' | ' |
FHLB and other borrowings | -87,833 | -105,850 | ' | ' |
Subordinated debentures | -11,178 | -10,682 | ' | ' |
Interest rate swaps | -1,116 | -1,745 | ' | ' |
Accrued interest payable | -868 | -1,022 | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' | ' | ' |
ASSETS | ' | ' | ' | ' |
Cash and cash equivalents | 29,633 | 31,881 | ' | ' |
Interest bearing time deposits with other banks | 0 | 0 | ' | ' |
Securities available for sale | 985 | 54,169 | ' | ' |
Trading securities | 3,923 | 4,300 | ' | ' |
Loans held for sale | 0 | 0 | ' | ' |
Net loans | 0 | 0 | ' | ' |
Accrued interest receivable | 368 | 278 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Deposits | -1,569,552 | -1,272,060 | ' | ' |
FHLB and other borrowings | 0 | 0 | ' | ' |
Subordinated debentures | 0 | 0 | ' | ' |
Interest rate swaps | 0 | 0 | ' | ' |
Accrued interest payable | -200 | -301 | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' | ' |
ASSETS | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | ' | ' |
Interest bearing time deposits with other banks | 274 | 281 | ' | ' |
Securities available for sale | 684,345 | 680,562 | ' | ' |
Trading securities | 204 | 159 | ' | ' |
Loans held for sale | 507 | 2,460 | ' | ' |
Net loans | 0 | 0 | ' | ' |
Accrued interest receivable | 3,302 | 3,498 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Deposits | -265,237 | -215,485 | ' | ' |
FHLB and other borrowings | -87,833 | -105,850 | ' | ' |
Subordinated debentures | -11,178 | -10,682 | ' | ' |
Interest rate swaps | -1,116 | -1,745 | ' | ' |
Accrued interest payable | -653 | -707 | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' | ' |
ASSETS | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | ' | ' |
Interest bearing time deposits with other banks | 0 | 0 | ' | ' |
Securities available for sale | 661 | 2,580 | ' | ' |
Trading securities | 0 | 0 | ' | ' |
Loans held for sale | 0 | 0 | ' | ' |
Net loans | 1,276,622 | 946,238 | ' | ' |
Accrued interest receivable | 4,362 | 3,087 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Deposits | 0 | 0 | ' | ' |
FHLB and other borrowings | 0 | 0 | ' | ' |
Subordinated debentures | 0 | 0 | ' | ' |
Interest rate swaps | 0 | 0 | ' | ' |
Accrued interest payable | ($15) | ($14) | ' | ' |
Parent_Company_Only_Financial_2
Parent Company Only Financial Information - Condensed Balance Sheets (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
In Thousands, unless otherwise specified | ||||
ASSETS | ' | ' | ' | ' |
Trading securities | $4,127 | $4,459 | ' | ' |
Total assets | 2,131,289 | 1,773,079 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Subordinated debentures | 20,620 | 20,620 | ' | ' |
Total liabilities | 1,966,378 | 1,627,715 | ' | ' |
Total shareholders' equity | 164,911 | 145,364 | 131,889 | 109,645 |
Total liabilities and shareholders' equity | 2,131,289 | 1,773,079 | ' | ' |
Parent Company [Member] | ' | ' | ' | ' |
ASSETS | ' | ' | ' | ' |
Cash | 1,778 | 2,029 | ' | ' |
Trading securities | 276 | 229 | ' | ' |
Investment in bank subsidiary | 161,983 | 138,195 | ' | ' |
Investment in non-bank subsidiaries | 22,738 | 27,796 | ' | ' |
Deferred tax asset | 636 | 883 | ' | ' |
Other assets | 2,240 | 2,249 | ' | ' |
Total assets | 189,651 | 171,381 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Borrowings from subsidiary | 1,350 | 1,950 | ' | ' |
Subordinated debentures | 20,620 | 20,620 | ' | ' |
Other liabilities | 2,770 | 3,447 | ' | ' |
Total liabilities | 24,740 | 26,017 | ' | ' |
Total shareholders' equity | 164,911 | 145,364 | ' | ' |
Total liabilities and shareholders' equity | $189,651 | $171,381 | ' | ' |
Parent_Company_Only_Financial_3
Parent Company Only Financial Information - Condensed Statements of Income and Comprehensive Income (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Dividends from: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Before Income Taxes | ' | ' | ' | ' | ' | ' | ' | ' | $23,019 | $23,547 | $20,633 |
Income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | -6,340 | -6,411 | -5,529 |
Net Income | 4,728 | 4,703 | 2,951 | 4,297 | 3,890 | 4,563 | 4,336 | 4,347 | 16,679 | 17,136 | 15,104 |
Other Comprehensive Income (Loss): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net change in unrealized gains/losses on available for sale securities, net of reclassification and tax | ' | ' | ' | ' | ' | ' | ' | ' | -23,675 | 3,561 | 14,441 |
Change in actuarial gain, net of amortization and tax, for post-employment health care plan, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | -103 | -349 | -485 |
Change in fair value of interest rate swap agreements designated as a cash flow hedge, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 409 | -49 | -522 |
Total other comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -23,369 | 3,163 | 13,434 |
Comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -6,690 | 20,299 | 28,538 |
Parent Company [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends from: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Bank subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | 1,875 | 7,990 | 7,600 |
Non-bank subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 6,674 | 0 | 0 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | 208 | 208 | 146 |
Total income | ' | ' | ' | ' | ' | ' | ' | ' | 8,757 | 8,198 | 7,746 |
Expenses | ' | ' | ' | ' | ' | ' | ' | ' | -1,461 | -1,457 | -1,410 |
Income Before Income Taxes | ' | ' | ' | ' | ' | ' | ' | ' | 7,296 | 6,741 | 6,336 |
Income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | 438 | 438 | 443 |
Equity in undistributed net income of bank subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | 14,080 | 8,682 | 7,162 |
Equity in undistributed net income (loss) of non-bank subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | -5,135 | 1,275 | 1,163 |
Net Income | ' | ' | ' | ' | ' | ' | ' | ' | 16,679 | 17,136 | 15,104 |
Other Comprehensive Income (Loss): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net change in unrealized gains/losses on available for sale securities, net of reclassification and tax | ' | ' | ' | ' | ' | ' | ' | ' | -23,675 | 3,561 | 14,441 |
Change in actuarial gain, net of amortization and tax, for post-employment health care plan, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | -103 | -349 | -485 |
Change in fair value of interest rate swap agreements designated as a cash flow hedge, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 409 | -49 | -522 |
Total other comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -23,369 | 3,163 | 13,434 |
Comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ($6,690) | $20,299 | $28,538 |
Parent_Company_Only_Financial_4
Parent Company Only Financial Information - Condensed Statements of Cash Flows (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Net income | $16,679 | $17,136 | $15,104 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Net unrealized (gains) losses on trading securities | -728 | -564 | -64 |
Decrease in other assets | -3,124 | -455 | -1,342 |
Increase in other liabilities | 8,387 | 2,523 | 5,529 |
Net Cash Provided By Operating Activities | 33,609 | 27,560 | 30,385 |
Cash Flows from Investing Activities: | ' | ' | ' |
Purchase of securities | -130,412 | -332,155 | -288,757 |
Net Cash Used In Investing Activities | -36,452 | -182,620 | -180,368 |
Cash Flows From Financing Activities: | ' | ' | ' |
Dividends paid | -8,573 | -8,214 | -8,125 |
Net Cash Provided By (Used In) Financing Activities | 595 | 147,238 | 152,254 |
Net increase (decrease) in cash | -2,248 | -7,822 | 2,271 |
Cash and Cash Equivalents, Beginning | 31,881 | 39,703 | 37,432 |
Cash and Cash Equivalents, Ending | 29,633 | 31,881 | 39,703 |
Parent Company [Member] | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Net income | 16,679 | 17,136 | 15,104 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Equity in undistributed net income of bank subsidiary | -14,080 | -8,682 | -7,162 |
Equity in undistributed (net income) loss of non-bank subsidiaries | 5,135 | -1,275 | -1,163 |
Net unrealized (gains) losses on trading securities | -47 | -54 | 2 |
Decrease in other assets | 112 | 47 | 39 |
Increase in other liabilities | 384 | 384 | 334 |
Net Cash Provided By Operating Activities | 8,183 | 7,556 | 7,154 |
Cash Flows from Investing Activities: | ' | ' | ' |
Purchase of securities | 0 | 0 | -100 |
Net Cash Used In Investing Activities | 0 | 0 | -100 |
Cash Flows From Financing Activities: | ' | ' | ' |
Dividends paid | -8,573 | -8,214 | -8,125 |
Proceeds from sale of treasury stock and option exercises | 739 | 951 | 1,447 |
Net advance to (repayment from) subsidiary | -600 | -200 | 400 |
Net Cash Provided By (Used In) Financing Activities | -8,434 | -7,463 | -6,278 |
Net increase (decrease) in cash | -251 | 93 | 776 |
Cash and Cash Equivalents, Beginning | 2,029 | 1,936 | 1,160 |
Cash and Cash Equivalents, Ending | $1,778 | $2,029 | $1,936 |
Other_Comprehensive_Income_Com
Other Comprehensive Income - Components of Other Comprehensive Income and Related Tax Effects (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Equity [Abstract] | ' | ' | ' |
Unrealized holding gains (losses) on available for sale securities | ($36,130) | $6,597 | $22,457 |
Less reclassification adjustment for gains recognized in earnings | -355 | -1,379 | -614 |
Net unrealized gains | -36,485 | 5,218 | 21,843 |
Tax effect | 12,770 | -1,826 | -7,642 |
Net-of-tax amount | -23,715 | 3,392 | 14,201 |
Unrealized holding gains (losses) on available for sale securities for which a portion of an other-than-temporary impairment has been recognized in earnings | 61 | 260 | -28 |
Less reclassification adjustment for impairment loss recognized in earnings | 0 | 0 | 398 |
Net unrealized gains | 61 | 260 | 370 |
Tax effect | -21 | -91 | -130 |
Net-of-tax amount | 40 | 169 | 240 |
Actuarial loss on postemployment health care plan | -219 | -578 | -757 |
Net amortization of transition obligation and actuarial gain | 61 | 41 | 11 |
Net unrealized loss on postemployment health care plan | -158 | -537 | -746 |
Tax effect | 55 | 188 | 261 |
Net-of-tax amount | -103 | -349 | -485 |
Unrealized loss on interest rate swap | 229 | -465 | -1,205 |
Less reclassification adjustment for losses recognized in earnings | 400 | 390 | 402 |
Net unrealized gain (loss) | 629 | -75 | -803 |
Tax effect | -220 | 26 | 281 |
Net-of-tax amount | 409 | -49 | -522 |
Total other comprehensive income (loss) | ($23,369) | $3,163 | $13,434 |
Other_Comprehensive_Income_Sum
Other Comprehensive Income - Summary of Change in Accumulated Other Comprehensive Income (Loss) (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Equity [Abstract] | ' | ' | ' |
Unrealized gains (losses) on securities available for sale, Beginning Balance | $16,039 | $12,478 | ($1,963) |
Unrealized gains (losses) on securities available for sale, Increase (Decrease) | -23,675 | 3,561 | 14,441 |
Unrealized gains (losses) on securities available for sale, Ending Balance | -7,636 | 16,039 | 12,478 |
Unrealized gain (loss) on postretirement benefits plan, Beginning Balance | -981 | -632 | -147 |
Unrealized gain (loss) on postretirement benefits plan, Increase (Decrease) | -103 | -349 | -485 |
Unrealized gain (loss) on postretirement benefits plan, Ending Balance | -1,084 | -981 | -632 |
Unrealized gain (loss) on interest rate swap, Beginning Balance | -1,134 | -1,085 | -563 |
Unrealized gain (loss) on interest rate swap, Increase (Decrease) | 409 | -49 | -522 |
Unrealized gain (loss) on interest rate swap, Ending Balance | -725 | -1,134 | -1,085 |
Total, Beginning Balance | 13,924 | 10,761 | -2,673 |
Total, Increase (Decrease) | -23,369 | 3,163 | 13,434 |
Total, Ending Balance | ($9,445) | $13,924 | $10,761 |
Quarterly_Financial_Data_Unaud2
Quarterly Financial Data (Unaudited) - Unaudited Quarterly Results of Operations (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total interest and dividend income | $20,489 | $17,465 | $16,758 | $16,704 | $16,965 | $17,133 | $17,207 | $16,824 | $71,416 | $68,129 | $65,712 |
Net interest income | 17,279 | 14,648 | 13,826 | 13,451 | 13,588 | 13,670 | 13,274 | 12,677 | 59,204 | 53,209 | 48,133 |
Provision for loan losses | 1,247 | 846 | 3,115 | 930 | 2,343 | 1,188 | 1,746 | 1,104 | 6,138 | 6,381 | 4,937 |
Non-interest income | 3,676 | 3,248 | 3,771 | 3,071 | 2,803 | 3,079 | 3,264 | 3,518 | 13,766 | 12,664 | 10,719 |
Non-interest expense | 12,995 | 10,343 | 10,793 | 9,682 | 8,890 | 9,208 | 8,833 | 9,014 | 43,813 | 35,945 | 33,282 |
Net income | $4,728 | $4,703 | $2,951 | $4,297 | $3,890 | $4,563 | $4,336 | $4,347 | $16,679 | $17,136 | $15,104 |
Net income per share, basic | $0.33 | $0.38 | $0.24 | $0.34 | $0.31 | $0.37 | $0.35 | $0.35 | $1.29 | $1.38 | $1.23 |
Net income per share, diluted | $0.33 | $0.38 | $0.24 | $0.34 | $0.31 | $0.37 | $0.35 | $0.35 | $1.29 | $1.38 | $1.23 |
Quarterly_Financial_Data_Unaud3
Quarterly Financial Data (Unaudited) - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Provision for loan losses | $1,247 | $846 | $3,115 | $930 | $2,343 | $1,188 | $1,746 | $1,104 | $6,138 | $6,381 | $4,937 |