Document_and_Entity_Informatio
Document and Entity Information | 6 Months Ended | |
Jun. 30, 2014 | Aug. 04, 2014 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Jun-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
Entity Registrant Name | 'CNB FINANCIAL CORP/PA | ' |
Entity Central Index Key | '0000736772 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 14,367,220 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $31,358 | $25,769 |
Interest bearing deposits with other banks | 2,993 | 3,864 |
Total cash and cash equivalents | 34,351 | 29,633 |
Interest bearing time deposits with other banks | 225 | 275 |
Securities available for sale | 695,419 | 685,991 |
Trading securities | 4,429 | 4,127 |
Loans held for sale | 942 | 487 |
Loans | 1,312,379 | 1,299,259 |
Less: unearned discount | -4,048 | -3,896 |
Less: allowance for loan losses | -17,415 | -16,234 |
Net loans | 1,290,916 | 1,279,129 |
FHLB and other equity interests | 9,040 | 7,533 |
Premises and equipment, net | 32,758 | 31,589 |
Bank owned life insurance | 34,283 | 33,804 |
Mortgage servicing rights | 939 | 904 |
Goodwill | 27,194 | 27,194 |
Core deposit intangible | 3,979 | 4,583 |
Accrued interest receivable and other assets | 22,190 | 26,040 |
Total Assets | 2,156,665 | 2,131,289 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ' | ' |
Non-interest bearing deposits | 225,366 | 221,293 |
Interest bearing deposits | 1,625,681 | 1,614,021 |
Total deposits | 1,851,047 | 1,835,314 |
FHLB and other long-term borrowings | 75,838 | 75,000 |
Other short-term borrowings | 9,770 | 12,950 |
Subordinated debentures | 20,620 | 20,620 |
Accrued interest payable and other liabilities | 22,204 | 22,494 |
Total liabilities | 1,979,479 | 1,966,378 |
Common stock, $0 par value; authorized 50,000,000 shares; issued 14,473,482 shares | 0 | 0 |
Additional paid in capital | 77,766 | 77,923 |
Retained earnings | 103,075 | 97,066 |
Treasury stock, at cost (101,499 shares at June 30, 2014 and 45,702 shares at December 31, 2013) | -1,671 | -633 |
Accumulated other comprehensive loss | -1,984 | -9,445 |
Total shareholders' equity | 177,186 | 164,911 |
Total Liabilities and Shareholders' Equity | $2,156,665 | $2,131,289 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
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 | 14,473,482 |
Treasury stock, shares | 101,499 | 45,702 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
INTEREST AND DIVIDEND INCOME: | ' | ' | ' | ' |
Loans including fees | $17,069 | $12,281 | $34,154 | $24,583 |
Securities: | ' | ' | ' | ' |
Taxable | 3,350 | 3,474 | 6,690 | 6,883 |
Tax-exempt | 927 | 965 | 1,836 | 1,922 |
Dividends | 72 | 38 | 175 | 74 |
Total interest and dividend income | 21,418 | 16,758 | 42,855 | 33,462 |
INTEREST EXPENSE: | ' | ' | ' | ' |
Deposits | 2,077 | 1,955 | 4,149 | 4,189 |
Borrowed funds | 713 | 779 | 1,611 | 1,608 |
Subordinated debentures (includes $94 and $105 for three months ended and $191 and $202 for six months ended accumulated other comprehensive income reclassification for change in fair value of interest rate swap agreements in 2014 and 2013, respectively) | 185 | 198 | 372 | 388 |
Total interest expense | 2,975 | 2,932 | 6,132 | 6,185 |
NET INTEREST INCOME | 18,443 | 13,826 | 36,723 | 27,277 |
PROVISION FOR LOAN LOSSES | 1,501 | 3,115 | 2,520 | 4,045 |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 16,942 | 10,711 | 34,203 | 23,232 |
NON-INTEREST INCOME: | ' | ' | ' | ' |
Wealth and asset management fees | 753 | 538 | 1,425 | 1,112 |
Service charges on deposit accounts | 1,145 | 1,019 | 2,186 | 1,961 |
Other service charges and fees | 670 | 524 | 1,238 | 954 |
Net realized gains on available-for-sale securities (includes $138 and $252 for three months ended and $204 and $328 for six months ended accumulated other comprehensive income reclassifications for net realized gains on available-for-sale securities in 2014 and 2013, respectively) | 138 | 252 | 204 | 328 |
Net realized and unrealized gains on trading securities | 99 | 28 | 74 | 331 |
Mortgage banking | 183 | 271 | 358 | 526 |
Bank owned life insurance | 239 | 815 | 479 | 1,077 |
Other | 287 | 324 | 755 | 553 |
Total non-interest income | 3,514 | 3,771 | 6,719 | 6,842 |
NON-INTEREST EXPENSES: | ' | ' | ' | ' |
Salaries and benefits | 6,443 | 5,332 | 13,278 | 10,529 |
Net occupancy expense | 1,760 | 1,281 | 3,521 | 2,598 |
Amortization of core deposit intangible | 301 | 0 | 604 | 0 |
Data processing | 841 | 798 | 1,944 | 1,565 |
State and local taxes | 454 | 436 | 1,016 | 875 |
Legal, professional, and examination fees | 302 | 253 | 744 | 653 |
Advertising | 431 | 246 | 742 | 492 |
FDIC insurance premiums | 344 | 319 | 684 | 598 |
Merger costs | 0 | 539 | 0 | 913 |
Other | 1,732 | 1,589 | 3,336 | 2,252 |
Total non-interest expenses | 12,608 | 10,793 | 25,869 | 20,475 |
INCOME BEFORE INCOME TAXES | 7,848 | 3,689 | 15,053 | 9,599 |
INCOME TAX EXPENSE (includes $15 and $51 for three months ended and $5 and $44 for six months ended income tax expense from reclassification items in 2014 and 2013, respectively) | 2,231 | 738 | 4,270 | 2,351 |
NET INCOME | $5,617 | $2,951 | $10,783 | $7,248 |
EARNINGS PER SHARE: | ' | ' | ' | ' |
Basic | $0.39 | $0.24 | $0.75 | $0.58 |
Diluted | $0.39 | $0.24 | $0.75 | $0.58 |
DIVIDENDS PER SHARE: | ' | ' | ' | ' |
Cash dividends per share | $0.17 | $0.17 | $0.33 | $0.33 |
Consolidated_Statements_of_Inc1
Consolidated Statements of Income (Parenthetical) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Income Statement [Abstract] | ' | ' | ' | ' |
Accumulated other comprehensive income reclassification for change in fair value of interest rate swap agreements | $94 | $105 | $191 | $202 |
Accumulated other comprehensive income reclassifications for net realized gains on available-for-sale securities | 138 | 252 | 204 | 328 |
Income tax expense from reclassification | $15 | $51 | $5 | $44 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' | ' | ' |
NET INCOME | $5,617 | $2,951 | $10,783 | $7,248 |
Net change in fair value of interest rate swap agreements designated as cash flow hedges: | ' | ' | ' | ' |
Unrealized gain (loss) on interest rate swaps, net of tax of $37 and ($95) for the three months ended June 30, 2014 and 2013, and $58 and ($101) for the six months ended June 30, 2014 and 2013 | -68 | 177 | -107 | 188 |
Reclassification adjustment for losses recognized in earnings, net of tax of ($33) and ($37) for the three months ended June 30, 2014 and 2013, and ($67) and ($71) for the six months ended June 30, 2014 and 2013 | 61 | 68 | 124 | 131 |
Net change in fair value of interest rate swap agreements designated as cash flow hedges | -7 | 245 | 17 | 319 |
Unrealized gains on other-than-temporarily securities available for sale: | ' | ' | ' | ' |
Unrealized gains arising during the period, net of tax of $0 and ($25) for the three months ended June 30, 2014 and 2013, and ($48) and ($11) for the six months ended June 30, 2014 and 2013 | 0 | 47 | 89 | 20 |
Unrealized gains (losses) on other securities available for sale: | ' | ' | ' | ' |
Unrealized gains (losses) arising during the period, net of tax of $(1,726) and $8,762 for the three months ended June 30, 2014 and 2013, and $9,627 and $(4,032) and $9,627 for the six months ended June 30, 2014 and 2013 | 3,205 | -16,273 | 7,488 | -17,878 |
Reclassification adjustment for realized gains included in net income, net of tax of $48 and $88 for the three months ended June 30, 2014 and 2013, and $71 and $115 for the six months ended June 30, 2014 and 2013 | -90 | -164 | -133 | -213 |
Unrealized losses on other securities available for sale net of reclassification adjustment for realized gains included in net income | 3,115 | -16,437 | 7,355 | -18,091 |
Other comprehensive income (loss) | 3,108 | -16,145 | 7,461 | -17,752 |
COMPREHENSIVE INCOME (LOSS) | $8,725 | ($13,194) | $18,244 | ($10,504) |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' | ' | ' |
Unrealized gain (loss) on interest rate swaps, net of tax | $37 | ($95) | $58 | ($101) |
Reclassification adjustment for losses recognized in earnings, net of tax | -33 | -37 | -67 | -71 |
Unrealized gains on other-than-temporarily impaired securities available for sale arising during the period, net of tax | 0 | -25 | -48 | -11 |
Unrealized gains (losses) on other securities available for sale arising during the period, net of tax | -1,726 | 8,762 | -4,032 | 9,627 |
Reclassification adjustment for realized gains included in net income, net of tax | $48 | $88 | $71 | $115 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
NET INCOME | $10,783 | $7,248 |
Adjustments to reconcile net income to net cash provided by operations: | ' | ' |
PROVISION FOR LOAN LOSSES | 2,520 | 4,045 |
Depreciation and amortization of premises and equipment, core deposit intangible, and mortgage servicing rights | 2,063 | 1,120 |
Amortization and accretion of securities premiums and discounts, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income | 153 | 2,117 |
Net realized gains on sales of available-for-sale securities | -204 | -328 |
Net realized and unrealized (gains) losses on trading securities | -74 | -331 |
Proceeds from sale of trading securities | 0 | 3,818 |
Purchase of trading securities | -210 | -3,803 |
Gain on sale of loans | -257 | -504 |
Net losses (gains) on dispositions of premises and equipment and foreclosed assets | 130 | -77 |
Proceeds from sale of loans | 3,563 | 18,116 |
Origination of loans held for sale | -3,942 | -15,392 |
Income on bank owned life insurance | -479 | -1,077 |
Stock-based compensation expense | 327 | 186 |
Contribution of treasury stock | 60 | 60 |
Changes in: | ' | ' |
Accrued interest receivable and other assets | 3,571 | -141 |
Accrued interest payable and other liabilities | -4,272 | -3,526 |
NET CASH PROVIDED BY OPERATING ACTIVITIES | 13,732 | 11,531 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Net (increase) decrease in interest bearing time deposits with other banks | 50 | -52 |
Proceeds from maturities, prepayments and calls of available-for-sale securities | 34,335 | 63,596 |
Proceeds from sales of available-for-sale securities | 29,128 | 33,672 |
Purchase of available-for-sale securities | -62,868 | -113,998 |
Loan origination and payments, net | -13,006 | -57,734 |
Purchase of bank owned life insurance | 0 | -2,000 |
Purchase of FHLB and other equity interests | -1,507 | -881 |
Purchase of premises and equipment | -2,482 | -1,738 |
Proceeds from the sale of premises and equipment and foreclosed assets | 301 | 429 |
NET CASH USED IN INVESTING ACTIVITIES | -16,049 | -78,706 |
Net change in: | ' | ' |
Checking, money market and savings accounts | 80,563 | 75,382 |
Certificates of deposit | -64,830 | -13,839 |
Proceeds from sale of treasury stock | 0 | 2 |
Purchase of treasury stock | -1,582 | 0 |
Cash dividends paid | -4,774 | -4,128 |
Repayment of long-term borrowings | -112 | -94 |
Proceeds from long-term borrowings | 950 | 900 |
Net change in short-term borrowings | -3,180 | 1,865 |
NET CASH PROVIDED BY USED IN FINANCING ACTIVITIES | 7,035 | 60,088 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 4,718 | -7,087 |
CASH AND CASH EQUIVALENTS, Beginning | 29,633 | 31,881 |
CASH AND CASH EQUIVALENTS, Ending | 34,351 | 24,794 |
Cash paid during the period for: | ' | ' |
Interest | 6,197 | 6,326 |
Income taxes | 4,076 | 1,862 |
SUPPLEMENTAL NONCASH DISCLOSURES: | ' | ' |
Transfers to other real estate owned | 161 | 204 |
Grant of restricted stock awards from treasury stock | $609 | $539 |
Basis_of_Presentation
Basis of Presentation | 6 Months Ended | |
Jun. 30, 2014 | ||
Accounting Policies [Abstract] | ' | |
Basis of Presentation | ' | |
1 | BASIS OF PRESENTATION | |
The accompanying consolidated financial statements have been prepared pursuant to rules and regulations of the Securities and Exchange Commission (“SEC”) and in compliance with accounting principles generally accepted in the United States of America (“GAAP”). Because this report is based on an interim period, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. | ||
In the opinion of management of the registrant, the accompanying consolidated financial statements as of June 30, 2014 and for the three and six month periods ended June 30, 2014 and 2013 include all adjustments, consisting of only normal recurring adjustments, necessary for a fair presentation of the financial condition and the results of operations for the periods presented. The financial performance reported for CNB Financial Corporation (the “Corporation”) for the three and six month period ended June 30, 2014 is not necessarily indicative of the results to be expected for the full year. This information should be read in conjunction with the Corporation’s Annual Report on Form 10-K for the period ended December 31, 2013 (the “2013 Form 10-K”). All dollar amounts are stated in thousands, except share and per share data and other amounts as indicated. Certain prior period amounts have been reclassified to conform to the current period presentation. |
Stock_Compensation
Stock Compensation | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||
Stock Compensation | ' | ||||||||
2 | STOCK 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 aggregate grants of up to 500,000 shares of common stock in the form of nonqualified options or restricted stock. For key employees, the plan vesting is one-fourth of the granted options or restricted stock per year beginning one year after the grant date, with 100% vested by the fourth anniversary of the grant. For independent directors, the vesting schedule is one-third of the granted options or restricted stock per year beginning one year after the grant date, with 100% vested by the third anniversary of the grant. | |||||||||
At June 30, 2014, there was no unrecognized compensation cost related to nonvested stock options granted under this plan and no stock options were granted during the three and six month periods ended June 30, 2014 and 2013. At June 30, 2014 and December 31, 2013, the Corporation had 35,500 stock options that were fully vested and exercisable. | |||||||||
Compensation expense for the restricted stock awards is recognized over the requisite service period noted above based on the fair value of the shares at the date of grant. Nonvested restricted stock awards are recorded as a reduction of additional paid-in-capital in shareholders’ equity until earned. Compensation expense resulting from these restricted stock awards was $75 and $283 for the three and six months ended June 30, 2014, and $103 and $186 for the three and six months ended June 30, 2013. As of June 30, 2014, there was $992 of total unrecognized compensation cost related to unvested restricted stock awards. | |||||||||
A summary of changes in nonvested restricted stock awards for the three months ended June 30, 2014 follows: | |||||||||
Per Share | |||||||||
Weighted Average | |||||||||
Shares | Grant Date Fair Value | ||||||||
Nonvested at beginning of period | 70,061 | $ | 16.8 | ||||||
Granted | 0 | 0 | |||||||
Vested | 0 | 0 | |||||||
Nonvested at end of period | 70,061 | $ | 16.8 | ||||||
A summary of changes in nonvested restricted stock awards for the six months ended June 30, 2014 follows: | |||||||||
Per Share | |||||||||
Weighted Average | |||||||||
Shares | Grant Date Fair Value | ||||||||
Nonvested at beginning of period | 62,076 | $ | 16.25 | ||||||
Granted | 35,400 | 17.19 | |||||||
Vested | (27,415 | ) | 16.05 | ||||||
Nonvested at end of period | 70,061 | $ | 16.8 | ||||||
Fair_Value
Fair Value | 6 Months Ended | ||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value | ' | ||||||||||||||||||||
3 | 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 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 and its fair value has accordingly been determined using Level 2 inputs which are generally verifiable and do not typically involved significant management judgments. | |||||||||||||||||||||
Assets and liabilities measured at fair value on a recurring basis are as follows at June 30, 2014 and December 31, 2013: | |||||||||||||||||||||
Fair Value Measurements at June 30, 2014 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. Government sponsored entities | $ | 167,176 | $ | 0 | $ | 167,176 | $ | 0 | |||||||||||||
States and political subdivisions | 183,212 | 0 | 183,212 | 0 | |||||||||||||||||
Residential and multi-family mortgage | 262,901 | 0 | 262,901 | 0 | |||||||||||||||||
Commercial mortgage | 188 | 0 | 188 | 0 | |||||||||||||||||
Corporate notes and bonds | 14,484 | 0 | 14,484 | 0 | |||||||||||||||||
Pooled trust preferred | 798 | 0 | 0 | 798 | |||||||||||||||||
Pooled SBA | 65,658 | 0 | 65,658 | 0 | |||||||||||||||||
Other securities | 1,002 | 1,002 | 0 | 0 | |||||||||||||||||
Total Securities Available For Sale | $ | 695,419 | $ | 1,002 | $ | 695,419 | $ | 798 | |||||||||||||
Trading Securities: | |||||||||||||||||||||
Corporate equity securities | $ | 2,990 | $ | 2,990 | $ | 0 | $ | 0 | |||||||||||||
Mutual funds | 978 | 978 | 0 | 0 | |||||||||||||||||
Certificates of deposit | 254 | 254 | 0 | 0 | |||||||||||||||||
Corporate notes and bonds | 153 | 0 | 153 | 0 | |||||||||||||||||
U.S. Government sponsored entities | 54 | 0 | 54 | 0 | |||||||||||||||||
Total Trading Securities | $ | 4,429 | $ | 4,222 | $ | 207 | $ | 0 | |||||||||||||
Liabilities: | |||||||||||||||||||||
Interest rate swaps | $ | (1,089 | ) | $ | 0 | $ | (1,089 | ) | $ | 0 | |||||||||||
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. 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 | |||||||||||||
Mutual funds | 965 | 965 | 0 | 0 | |||||||||||||||||
Certificates of deposit | 253 | 253 | 0 | 0 | |||||||||||||||||
Corporate notes and bonds | 152 | 0 | 152 | 0 | |||||||||||||||||
U.S. Government sponsored entities | 52 | 0 | 52 | 0 | |||||||||||||||||
Total Trading Securities | $ | 4,127 | $ | 3,923 | $ | 204 | $ | 0 | |||||||||||||
Liabilities: | |||||||||||||||||||||
Interest rate swaps | $ | (1,116 | ) | $ | 0 | $ | (1,116 | ) | $ | 0 | |||||||||||
The table below presents a reconciliation of the fair value of securities available for sale measured on a recurring basis using significant unobservable inputs (Level 3) for the three months ended June 30, 2014: | |||||||||||||||||||||
Pooled | |||||||||||||||||||||
trust | |||||||||||||||||||||
preferred | |||||||||||||||||||||
Balance, April 1, 2014 | $ | 798 | |||||||||||||||||||
Total gains or (losses): | |||||||||||||||||||||
Included in other comprehensive income (unrealized) | 0 | ||||||||||||||||||||
Balance, June 30, 2014 | $ | 798 | |||||||||||||||||||
The table below presents a reconciliation of the fair value of securities available for sale measured on a recurring basis using significant unobservable inputs (Level 3) for the six months ended June 30, 2014: | |||||||||||||||||||||
Pooled | |||||||||||||||||||||
Trust | |||||||||||||||||||||
Preferred | |||||||||||||||||||||
Balance, January 1, 2014 | $ | 661 | |||||||||||||||||||
Total gains or (losses): | |||||||||||||||||||||
Included in other comprehensive income (unrealized) | 137 | ||||||||||||||||||||
Balance, June 30, 2014 | $ | 798 | |||||||||||||||||||
The table below presents a reconciliation of the fair value of securities available for sale measured on a recurring basis using significant unobservable inputs (Level 3) for the three months ended June 30, 2013: | |||||||||||||||||||||
Corporate | Pooled | ||||||||||||||||||||
notes and | trust | ||||||||||||||||||||
bonds | preferred | ||||||||||||||||||||
Balance, April 1, 2013 | $ | 2,067 | $ | 558 | |||||||||||||||||
Total gains or (losses): | |||||||||||||||||||||
Included in other comprehensive income | (116 | ) | 72 | ||||||||||||||||||
Included in realized gains on available-for-sale securities | 58 | 0 | |||||||||||||||||||
Sale of available-for-sale securities | (2,009 | ) | 0 | ||||||||||||||||||
Balance, June 30, 2013 | $ | 0 | $ | 630 | |||||||||||||||||
The table below presents a reconciliation of the fair value of securities available for sale measured on a recurring basis using significant unobservable inputs (Level 3) for the six months ended June 30, 2013: | |||||||||||||||||||||
Corporate | Pooled | ||||||||||||||||||||
notes and | trust | ||||||||||||||||||||
bonds | preferred | ||||||||||||||||||||
Balance, January 1, 2013 | $ | 1,980 | $ | 600 | |||||||||||||||||
Total gains or (losses): | |||||||||||||||||||||
Included in other comprehensive income | (29 | ) | 30 | ||||||||||||||||||
Included in realized gains on available-for-sale securities | 58 | 0 | |||||||||||||||||||
Sale of available-for-sale securities | (2,009 | ) | 0 | ||||||||||||||||||
Balance, June 30, 2013 | $ | 0 | $ | 630 | |||||||||||||||||
The following table presents quantitative information about Level 3 fair value measurements at June 30, 2014: | |||||||||||||||||||||
Fair | Valuation | Unobservable | Input | ||||||||||||||||||
value | Technique | Inputs | Utilized | ||||||||||||||||||
Pooled trust preferred | $ | 798 | Discounted | Collateral default rate | 1.5% in 2014; 1.0% in | ||||||||||||||||
cash flow | 2015; 0.5% in 2016 and | ||||||||||||||||||||
thereafter | |||||||||||||||||||||
Yield | 12% | ||||||||||||||||||||
Prepayment speed | 2.0% constant prepayment | ||||||||||||||||||||
rate in 2014 and thereafter | |||||||||||||||||||||
The following table presents quantitative information about Level 3 fair value measurements at December 31, 2013: | |||||||||||||||||||||
Fair | Valuation | Unobservable | Input | ||||||||||||||||||
value | Technique | Inputs | Utilized | ||||||||||||||||||
Pooled trust preferred | $ | 661 | Discounted | Collateral default rate | 2% in 2014; 1.5% in | ||||||||||||||||
cash flow | 2015; 1.0% in 2016; 0.5% in | ||||||||||||||||||||
2017 and thereafter | |||||||||||||||||||||
Yield | 15% | ||||||||||||||||||||
Prepayment speed | 2.0% constant prepayment | ||||||||||||||||||||
rate in 2014 and thereafter | |||||||||||||||||||||
At June 30, 2014 and 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. 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. | |||||||||||||||||||||
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 non-recurring basis are as follows at June 30, 2014 and December 31, 2013: | |||||||||||||||||||||
Fair Value Measurements at June 30, 2014 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: | |||||||||||||||||||||
Impaired loans: | |||||||||||||||||||||
Commercial mortgages | $ | 3,067 | 0 | 0 | $ | 3,067 | |||||||||||||||
Commercial, industrial, and agricultural | 3,360 | 0 | 0 | 3,360 | |||||||||||||||||
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: | |||||||||||||||||||||
Impaired loans: | |||||||||||||||||||||
Commercial mortgages | $ | 3,000 | 0 | 0 | $ | 3,000 | |||||||||||||||
Commercial, industrial, and agricultural | 3,706 | 0 | 0 | 3,706 | |||||||||||||||||
Impaired loans, which are measured for impairment using the fair value of collateral for collateral dependent loans, had a recorded investment of $8,547 with a valuation allowance of $2,120 as of June 30, 2014, resulting in an additional provision for loan losses of $280 and $630 for the corresponding three and six month period ended June 30, 2014. Impaired loans had a recorded investment of $8,161 with a valuation allowance of $1,455 as of December 31, 2013, and an additional provision for loan losses of $2,328 and $2,529 was recorded for the three and six months ended June 30, 2013. | |||||||||||||||||||||
The estimated fair values of impaired collateral dependent loans such as commercial or residential mortgages are determined primarily by using 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 management determines an updated appraisal is not necessary, an appropriate adjustment factor is applied based on 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 June 30, 2014: | |||||||||||||||||||||
Fair | Valuation Technique | Unobservable | Range | ||||||||||||||||||
value | Inputs | (Weighted Average) | |||||||||||||||||||
Impaired loans – commercial mortgages | $ | 3,067 | Sales comparison | Adjustment for differences | 13% - 61% (35%) | ||||||||||||||||
approach | between the comparable sales | ||||||||||||||||||||
Impaired loans – commercial, industrial, and agricultural | $ | 3,360 | Sales comparison | Adjustment for differences | 9% - 28% (9%) | ||||||||||||||||
approach | between the comparable sales | ||||||||||||||||||||
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 Technique | Unobservable Inputs | Range | ||||||||||||||||||
value | (Weighted Average) | ||||||||||||||||||||
Impaired loans – commercial mortgages | $ | 3,000 | Sales comparison | Adjustment for differences | 17% - 61% (22%) | ||||||||||||||||
approach | between the comparable sales | ||||||||||||||||||||
Impaired loans – commercial, industrial, and agricultural | $ | 3,274 | Sales comparison | Adjustment for differences | 9% | ||||||||||||||||
approach | between the comparable sales | ||||||||||||||||||||
Impaired loans – commercial, industrial, and agricultural | $ | 432 | Income approach | Adjustment for differences in | 2% | ||||||||||||||||
net operating income | |||||||||||||||||||||
Fair Value of Financial Instruments | |||||||||||||||||||||
The following table presents the carrying amount and fair value of financial instruments at June 30, 2014: | |||||||||||||||||||||
Carrying | Fair Value Measurement Using: | Total | |||||||||||||||||||
Amount | Level 1 | Level 2 | Level 3 | Fair Value | |||||||||||||||||
ASSETS | |||||||||||||||||||||
Cash and cash equivalents | $ | 34,351 | $ | 34,351 | $ | 0 | $ | 0 | $ | 34,351 | |||||||||||
Interest bearing time deposits with other banks | 225 | 0 | 225 | 0 | 225 | ||||||||||||||||
Securities available for sale | 695,419 | 1,002 | 693,619 | 798 | 695,419 | ||||||||||||||||
Trading securities | 4,429 | 4,222 | 207 | 0 | 4,429 | ||||||||||||||||
Loans held for sale | 942 | 0 | 942 | 0 | 942 | ||||||||||||||||
Net loans | 1,290,916 | 0 | 0 | 1,290,449 | 1,290,449 | ||||||||||||||||
FHLB and other equity interests | 9,040 | n/a | n/a | n/a | n/a | ||||||||||||||||
Accrued interest receivable | 7,533 | 5 | 3,607 | 3,921 | 7,533 | ||||||||||||||||
LIABILITIES | |||||||||||||||||||||
Deposits | $ | (1,851,047 | ) | $ | (1,650,115 | ) | $ | (200,558 | ) | $ | 0 | $ | (1,850,673 | ) | |||||||
FHLB and other borrowings | (85,608 | ) | 0 | (85,703 | ) | 0 | (85,703 | ) | |||||||||||||
Subordinated debentures | (20,620 | ) | 0 | (11,275 | ) | 0 | (11,275 | ) | |||||||||||||
Interest rate swaps | (1,089 | ) | 0 | (1,089 | ) | 0 | (1,089 | ) | |||||||||||||
Accrued interest payable | (800 | ) | (332 | ) | (453 | ) | (15 | ) | (800 | ) | |||||||||||
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 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 2 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. |
Securities
Securities | 6 Months Ended | ||||||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||||||
Cash And Cash Equivalents [Abstract] | ' | ||||||||||||||||||||||||||||||||
Securities | ' | ||||||||||||||||||||||||||||||||
4 | SECURITIES | ||||||||||||||||||||||||||||||||
Securities available for sale at June 30, 2014 and December 31, 2013 are as follows: | |||||||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||||||
Amortized | Unrealized | Fair | Amortized | Unrealized | Fair | ||||||||||||||||||||||||||||
Cost | Gains | Losses | Value | Cost | Gains | Losses | Value | ||||||||||||||||||||||||||
U.S. Gov’t sponsored entities | $ | 168,144 | $ | 4,279 | $ | (5,247 | ) | $ | 167,176 | $ | 185,205 | $ | 2,894 | $ | (6,474 | ) | $ | 181,625 | |||||||||||||||
State & political subdivisions | 178,078 | 5,849 | (715 | ) | 183,212 | 176,490 | 3,770 | (2,317 | ) | 177,943 | |||||||||||||||||||||||
Residential & multi-family mortgage | 264,882 | 2,432 | (4,413 | ) | 262,901 | 248,017 | 2,410 | (7,820 | ) | 242,607 | |||||||||||||||||||||||
Commercial mortgage | 193 | 0 | (5 | ) | 188 | 385 | 0 | (11 | ) | 374 | |||||||||||||||||||||||
Corporate notes & bonds | 15,748 | 116 | (1,380 | ) | 14,484 | 15,744 | 65 | (1,734 | ) | 14,075 | |||||||||||||||||||||||
Pooled trust preferred | 800 | 0 | (2 | ) | 798 | 800 | 0 | (139 | ) | 661 | |||||||||||||||||||||||
Pooled SBA | 66,851 | 836 | (2,029 | ) | 65,658 | 70,077 | 688 | (3,044 | ) | 67,721 | |||||||||||||||||||||||
Other securities | 1,020 | 0 | (18 | ) | 1,002 | 1,020 | 0 | (35 | ) | 985 | |||||||||||||||||||||||
Total | $ | 695,716 | $ | 13,512 | $ | (13,809 | ) | $ | 695,419 | $ | 697,738 | $ | 9,827 | $ | (21,574 | ) | $ | 685,991 | |||||||||||||||
At June 30, 2014, there were no holdings of securities of any one issuer, other than the 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 June 30, 2014 and December 31, 2013 are as follows: | |||||||||||||||||||||||||||||||||
June 30, | December 31, | ||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
Corporate equity securities | $ | 2,990 | $ | 2,705 | |||||||||||||||||||||||||||||
Mutual funds | 978 | 965 | |||||||||||||||||||||||||||||||
Certificates of deposit | 254 | 253 | |||||||||||||||||||||||||||||||
Corporate notes and bonds | 153 | 152 | |||||||||||||||||||||||||||||||
U.S. Government sponsored entities | 54 | 52 | |||||||||||||||||||||||||||||||
Total | $ | 4,429 | $ | 4,127 | |||||||||||||||||||||||||||||
Securities with unrealized losses at June 30, 2014 and December 31, 2013, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows (in thousands): | |||||||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||||||
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. Gov’t sponsored entities | $ | 4,857 | $ | (1,604 | ) | $ | 97,377 | $ | (3,643 | ) | $ | 102,234 | $ | (5,247 | ) | ||||||||||||||||||
State & political subdivisions | 8,527 | (34 | ) | 23,517 | (681 | ) | 32,044 | (715 | ) | ||||||||||||||||||||||||
Residential & multi-family mortgage | 61,870 | (779 | ) | 101,485 | (3,634 | ) | 163,355 | (4,413 | ) | ||||||||||||||||||||||||
Commercial mortgage | 0 | 0 | 188 | (5 | ) | 188 | (5 | ) | |||||||||||||||||||||||||
Corporate notes & bonds | 0 | 0 | 8,020 | (1,380 | ) | 8,020 | (1,380 | ) | |||||||||||||||||||||||||
Pooled trust preferred | 0 | 0 | 798 | (2 | ) | 798 | (2 | ) | |||||||||||||||||||||||||
Pooled SBA | 1,991 | (9 | ) | 39,753 | (2,020 | ) | 41,744 | (2,029 | ) | ||||||||||||||||||||||||
Other securities | 1,002 | (18 | ) | 0 | 0 | 1,002 | (18 | ) | |||||||||||||||||||||||||
$ | 78,247 | $ | (2,444 | ) | $ | 271,138 | $ | (11,365 | ) | $ | 349,385 | $ | (13,809 | ) | |||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||
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 and 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 | ) | |||||||||||||||||||
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. | |||||||||||||||||||||||||||||||||
At June 30, 2014, the Corporation held one structured pooled trust preferred security with an adjusted amortized cost of $800 and a fair value of $798. The Corporation evaluated this 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. For the three and six months ended June 30, 2014, and June 30, 2013, no other-than-temporary impairment was required to be realized in earnings. At June 30, 2014 and December 31, 2013, the Corporation held four structured pooled trust preferred securities with an adjusted amortized cost and fair value of zero. | |||||||||||||||||||||||||||||||||
A roll-forward of the other-than-temporary impairment amount related to credit losses for the three and six months ended June 30, 2014 and 2013 is as follows: | |||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||
Additional credit loss for which other-than-temporary impairment was not previously recognized | 0 | ||||||||||||||||||||||||||||||||
Additional credit loss for which other-than-temporary impairment was previously recognized | 0 | ||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||
Due to the insignificance of the adjusted amortized cost balance, no further disclosures are required with respect to the Corporation’s structured pooled trust preferred securities. | |||||||||||||||||||||||||||||||||
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 June 30, 2014 and December 31, 2013, 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. | |||||||||||||||||||||||||||||||||
Information pertaining to security sales is as follows: | |||||||||||||||||||||||||||||||||
Proceeds | Gross Gains | Gross Losses | |||||||||||||||||||||||||||||||
Three months ended June 30, 2014 | $ | 16,177 | $ | 138 | $ | 0 | |||||||||||||||||||||||||||
Six months ended June 30, 2014 | 29,128 | 287 | (83 | ) | |||||||||||||||||||||||||||||
Three months ended June 30, 2013 | 32,348 | 746 | (494 | ) | |||||||||||||||||||||||||||||
Six months ended June 30, 2013 | 33,672 | 822 | (494 | ) | |||||||||||||||||||||||||||||
The following is a schedule of the contractual maturity of securities available for sale, excluding equity securities, at June 30, 2014: | |||||||||||||||||||||||||||||||||
Amortized | Fair Value | ||||||||||||||||||||||||||||||||
Cost | |||||||||||||||||||||||||||||||||
1 year or less | $ | 29,494 | $ | 29,090 | |||||||||||||||||||||||||||||
1 year – 5 years | 149,072 | 151,616 | |||||||||||||||||||||||||||||||
5 years – 10 years | 145,065 | 146,310 | |||||||||||||||||||||||||||||||
After 10 years | 39,139 | 38,654 | |||||||||||||||||||||||||||||||
362,770 | 365,670 | ||||||||||||||||||||||||||||||||
Residential and multi-family mortgage | 264,882 | 262,901 | |||||||||||||||||||||||||||||||
Pooled SBA | 66,851 | 65,658 | |||||||||||||||||||||||||||||||
Commercial mortgage | 193 | 188 | |||||||||||||||||||||||||||||||
Total debt securities | $ | 694,696 | $ | 694,417 | |||||||||||||||||||||||||||||
Mortgage and asset backed 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. | |||||||||||||||||||||||||||||||||
On June 30, 2014 and December 31, 2013, securities carried at $332,626 and $353,102, respectively, were pledged to secure public deposits and for other purposes as provided by law. |
Loans
Loans | 6 Months Ended | ||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Loans | ' | ||||||||||||||||||||||||||||
5 | LOANS | ||||||||||||||||||||||||||||
Total net loans at June 30, 2014 and December 31, 2013 are summarized as follows: | |||||||||||||||||||||||||||||
June 30, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 422,399 | $ | 427,715 | |||||||||||||||||||||||||
Commercial mortgages | 342,048 | 343,465 | |||||||||||||||||||||||||||
Residential real estate | 477,186 | 459,114 | |||||||||||||||||||||||||||
Consumer | 65,314 | 63,491 | |||||||||||||||||||||||||||
Credit cards | 5,115 | 5,065 | |||||||||||||||||||||||||||
Overdrafts | 317 | 409 | |||||||||||||||||||||||||||
Less: unearned discount | (4,048 | ) | (3,896 | ) | |||||||||||||||||||||||||
allowance for loan losses | (17,415 | ) | (16,234 | ) | |||||||||||||||||||||||||
Loans, net | $ | 1,290,916 | $ | 1,279,129 | |||||||||||||||||||||||||
At June 30, 2014 and December 31, 2013, net unamortized loan costs of $830 and $911, 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 33% of the Corporation’s total loan portfolio at June 30, 2014 and December 31, 2013. Commercial mortgage loans comprised 27% of the Corporation’s total loan portfolio at June 30, 2014 and December 31, 2013. 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 36% of the Corporation’s total loan portfolio at June 30, 2014 and December 31, 2013, 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 June 30, 2014 and December 31, 2013. Terms and collateral requirements vary depending on the size and nature of the loan. | |||||||||||||||||||||||||||||
The Corporation 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. | |||||||||||||||||||||||||||||
During the first quarter of 2014, management reviewed its loan portfolio segments resulting in the reclassification of approximately $66 million into Commercial, Industrial and Agricultural. $54 million was reclassified out of Commercial Mortgages and $12 million was reclassified out of Residential Real Estate. During the second quarter of 2014, management further identified a reclassification of approximately $70 million into the Commercial, Industrial and Agricultural segment from the Commercial Mortgage segment. Accordingly, the December 31, 2013 loan portfolio segment balances were reclassified to conform to the June 30, 2014 presentation. The effect of this reclassification was not considered material to the overall allowance for loan losses, did not change the total loan balances, and is not considered material to the consolidated financial statements taken as a whole. | |||||||||||||||||||||||||||||
Transactions in the allowance for loan losses for the three months ended June 30, 2014 were as follows: | |||||||||||||||||||||||||||||
Commercial, | Residential | ||||||||||||||||||||||||||||
Industrial, and | Commercial | Real | Credit | ||||||||||||||||||||||||||
Agricultural | Mortgages | Estate | Consumer | Cards | Overdrafts | Total | |||||||||||||||||||||||
Allowance for loan losses, April 1, 2014 | $ | 8,278 | $ | 3,704 | $ | 2,455 | $ | 1,972 | $ | 68 | $ | 197 | $ | 16,674 | |||||||||||||||
Charge-offs | (319 | ) | 0 | (76 | ) | (369 | ) | (2 | ) | (64 | ) | (830 | ) | ||||||||||||||||
Recoveries | 1 | 10 | 0 | 31 | 1 | 27 | 70 | ||||||||||||||||||||||
Provision for loan losses | 136 | 867 | 88 | 362 | 21 | 27 | 1,501 | ||||||||||||||||||||||
Allowance for loan losses, June 30, 2014 | $ | 8,096 | $ | 4,581 | $ | 2,467 | $ | 1,996 | $ | 88 | $ | 187 | $ | 17,415 | |||||||||||||||
Transactions in the allowance for loan losses for the six months ended June 30, 2014 were as follows: | |||||||||||||||||||||||||||||
Commercial, | Residential | ||||||||||||||||||||||||||||
Industrial, and | Commercial | Real | Credit | ||||||||||||||||||||||||||
Agricultural | Mortgages | Estate | Consumer | Cards | Overdrafts | Total | |||||||||||||||||||||||
Allowance for loan losses, January 1, 2014 | $ | 8,212 | $ | 3,536 | $ | 2,450 | $ | 1,763 | $ | 66 | $ | 207 | $ | 16,234 | |||||||||||||||
Charge-offs | (319 | ) | (50 | ) | (198 | ) | (768 | ) | (23 | ) | (122 | ) | (1,480 | ) | |||||||||||||||
Recoveries | 1 | 10 | 19 | 53 | 3 | 55 | 141 | ||||||||||||||||||||||
Provision for loan losses | 202 | 1,085 | 196 | 948 | 42 | 47 | 2,520 | ||||||||||||||||||||||
Allowance for loan losses, June 30, 2014 | $ | 8,096 | $ | 4,581 | $ | 2,467 | $ | 1,996 | $ | 88 | $ | 187 | $ | 17,415 | |||||||||||||||
Transactions in the allowance for loan losses for the three months ended June 30, 2013 were as follows: | |||||||||||||||||||||||||||||
Commercial, | Residential | ||||||||||||||||||||||||||||
Industrial, and | Commercial | Real | Credit | ||||||||||||||||||||||||||
Agricultural | Mortgages | Estate | Consumer | Cards | Overdrafts | Total | |||||||||||||||||||||||
Allowance for loan losses, April 1, 2013 | $ | 5,271 | $ | 4,299 | $ | 2,395 | $ | 1,707 | $ | 77 | $ | 148 | $ | 13,897 | |||||||||||||||
Charge-offs | (84 | ) | (923 | ) | (169 | ) | (346 | ) | (17 | ) | (44 | ) | (1,583 | ) | |||||||||||||||
Recoveries | 7 | 2 | 3 | 33 | 8 | 18 | 71 | ||||||||||||||||||||||
Provision (benefit) for loan losses | 144 | 2,518 | 279 | 161 | (13 | ) | 26 | 3,115 | |||||||||||||||||||||
Allowance for loan losses, June 30, 2013 | $ | 5,338 | $ | 5,896 | $ | 2,508 | $ | 1,555 | $ | 55 | $ | 148 | $ | 15,500 | |||||||||||||||
Transactions in the allowance for loan losses for the six months ended June 30, 2013 were as follows: | |||||||||||||||||||||||||||||
Commercial, | Residential | ||||||||||||||||||||||||||||
Industrial, and | Commercial | Real | Credit | ||||||||||||||||||||||||||
Agricultural | Mortgages | Estate | Consumer | Cards | Overdrafts | Total | |||||||||||||||||||||||
Allowance for loan losses, January 1, 2013 | $ | 4,940 | $ | 4,697 | $ | 2,466 | $ | 1,699 | $ | 83 | $ | 175 | $ | 14,060 | |||||||||||||||
Charge-offs | (84 | ) | (1,530 | ) | (341 | ) | (677 | ) | (29 | ) | (91 | ) | (2,752 | ) | |||||||||||||||
Recoveries | 7 | 3 | 4 | 74 | 10 | 49 | 147 | ||||||||||||||||||||||
Provision (benefit) for loan losses | 475 | 2,726 | 379 | 459 | (9 | ) | 15 | 4,045 | |||||||||||||||||||||
Allowance for loan losses, June 30, 2013 | $ | 5,338 | $ | 5,896 | $ | 2,508 | $ | 1,555 | $ | 55 | $ | 148 | $ | 15,500 | |||||||||||||||
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 June 30, 2014 and December 31, 2013. The recorded investment in loans excludes accrued interest and unearned discounts due to their insignificance. | |||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||
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 | $ | 352 | $ | 307 | $ | 204 | $ | 0 | $ | 0 | $ | 0 | $ | 863 | |||||||||||||||
Collectively evaluated for impairment | 7,632 | 2,603 | 2,263 | 1,996 | 88 | 187 | 14,769 | ||||||||||||||||||||||
Acquired with deteriorated credit quality | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
Modified in a troubled debt restructuring | 112 | 1,671 | 0 | 0 | 0 | 0 | 1,783 | ||||||||||||||||||||||
Total ending allowance balance | $ | 8,096 | $ | 4,581 | $ | 2,467 | $ | 1,996 | $ | 88 | $ | 187 | $ | 17,415 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 4,537 | $ | 2,467 | $ | 400 | $ | 0 | $ | 0 | $ | 0 | $ | 7,404 | |||||||||||||||
Collectively evaluated for impairment | 416,163 | 327,306 | 476,786 | 65,314 | 5,115 | 317 | 1,291,001 | ||||||||||||||||||||||
Acquired with deteriorated credit quality | 0 | 2,227 | 0 | 0 | 0 | 0 | 2,227 | ||||||||||||||||||||||
Modified in a troubled debt restructuring | 1,699 | 10,048 | 0 | 0 | 0 | 0 | 11,747 | ||||||||||||||||||||||
Total ending loans balance | $ | 422,399 | $ | 342,048 | $ | 477,186 | $ | 65,314 | $ | 5,115 | $ | 317 | $ | 1,312,379 | |||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Commercial, | Commercial | Residential | Consumer | Credit | Overdrafts | Total | |||||||||||||||||||||||
Industrial, and | Mortgages | Real Estate | Cards | ||||||||||||||||||||||||||
Agricultural | |||||||||||||||||||||||||||||
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 | 7,725 | 2,141 | 2,450 | 1,763 | 66 | 207 | 14,352 | ||||||||||||||||||||||
Acquired with deteriorated credit quality | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
Modified in a troubled debt restructuring | 115 | 1,340 | 0 | 0 | 0 | 0 | 1,455 | ||||||||||||||||||||||
Total ending allowance balance | $ | 8,212 | $ | 3,536 | $ | 2,450 | $ | 1,763 | $ | 66 | $ | 207 | $ | 16,234 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 4,923 | $ | 1,249 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 6,172 | |||||||||||||||
Collectively evaluated for impairment | 421,002 | 329,645 | 459,114 | 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 | 1,790 | 10,346 | 0 | 0 | 0 | 0 | 12,136 | ||||||||||||||||||||||
Total ending loans balance | $ | 427,715 | $ | 343,465 | $ | 459,114 | $ | 63,491 | $ | 5,065 | $ | 409 | $ | 1,299,259 | |||||||||||||||
The following tables present information related to loans individually evaluated for impairment, including loans modified in troubled debt restructurings, by portfolio segment as of June 30, 2014 and December 31, 2013 and for the three and six months ended June 30, 2014 and 2013: | |||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||
Unpaid Principal | Recorded | Allowance for Loan | |||||||||||||||||||||||||||
Balance | Investment | Losses Allocated | |||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 4,045 | $ | 3,995 | $ | 465 | |||||||||||||||||||||||
Commercial mortgage | 5,938 | 5,609 | 1,977 | ||||||||||||||||||||||||||
Residential real estate | 400 | 400 | 204 | ||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 4,579 | 2,242 | 0 | ||||||||||||||||||||||||||
Commercial mortgage | 6,905 | 6,905 | 0 | ||||||||||||||||||||||||||
Residential real estate | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total | $ | 21,867 | $ | 19,151 | $ | 2,646 | |||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Unpaid Principal | Recorded | Allowance for Loan | |||||||||||||||||||||||||||
Balance | Investment | Losses Allocated | |||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 5,929 | $ | 4,679 | $ | 487 | |||||||||||||||||||||||
Commercial mortgage | 5,646 | 5,443 | 1,395 | ||||||||||||||||||||||||||
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 | |||||||||||||||||||||||
Three Months Ended June 30, 2014 | Six Months Ended June 30, 2014 | ||||||||||||||||||||||||||||
Average | Interest | Cash Basis | Average | Interest | Cash Basis | ||||||||||||||||||||||||
Recorded | Income | Interest | Recorded | Income | Interest | ||||||||||||||||||||||||
Investment | Recognized | Recognized | Investment | Recognized | Recognized | ||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 4,318 | $ | 1 | $ | 1 | $ | 4,438 | $ | 2 | $ | 2 | |||||||||||||||||
Commercial mortgage | 5,402 | 0 | 0 | 5,416 | 0 | 0 | |||||||||||||||||||||||
Residential real estate | 200 | 3 | 3 | 133 | 11 | 11 | |||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 2,234 | 0 | 0 | 2,167 | 0 | 0 | |||||||||||||||||||||||
Commercial mortgage | 6,249 | 0 | 0 | 6,217 | 0 | 0 | |||||||||||||||||||||||
Residential real estate | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Total | $ | 18,403 | $ | 4 | $ | 4 | $ | 18,371 | $ | 13 | $ | 13 | |||||||||||||||||
Three Months Ended June 30, 2013 | Six Months Ended June 30, 2013 | ||||||||||||||||||||||||||||
Average | Interest | Cash Basis | Average | Interest | Cash Basis | ||||||||||||||||||||||||
Recorded | Income | Interest | Recorded | Income | Interest | ||||||||||||||||||||||||
Investment | Recognized | Recognized | Investment | Recognized | Recognized | ||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 1,459 | $ | 1 | $ | 1 | $ | 1,621 | $ | 1 | $ | 1 | |||||||||||||||||
Commercial mortgage | 5,787 | 0 | 0 | 6,009 | 3 | 3 | |||||||||||||||||||||||
Residential real estate | 62 | 2 | 2 | 191 | 3 | 3 | |||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 2,172 | 0 | 0 | 2,184 | 0 | 0 | |||||||||||||||||||||||
Commercial mortgage | 14,637 | 0 | 0 | 15,270 | 0 | 0 | |||||||||||||||||||||||
Residential real estate | 76 | 0 | 0 | 143 | 0 | 0 | |||||||||||||||||||||||
Total | $ | 24,193 | $ | 3 | $ | 3 | $ | 25,418 | $ | 7 | $ | 7 | |||||||||||||||||
The following table presents the recorded investment in nonaccrual loans and loans past due over 90 days still accruing interest by class of loans as of June 30, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||
Nonaccrual | Past Due Over | Nonaccrual | Past Due Over | ||||||||||||||||||||||||||
90 Days | 90 Days | ||||||||||||||||||||||||||||
Still on | Still on | ||||||||||||||||||||||||||||
Accrual | Accrual | ||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 1,491 | $ | 319 | $ | 1,006 | $ | 0 | |||||||||||||||||||||
Commercial mortgages | 4,553 | 0 | 7,236 | 0 | |||||||||||||||||||||||||
Residential real estate | 4,614 | 326 | 2,389 | 150 | |||||||||||||||||||||||||
Consumer | 1,009 | 7 | 942 | 170 | |||||||||||||||||||||||||
Credit cards | 0 | 53 | 0 | 24 | |||||||||||||||||||||||||
Total | $ | 11,667 | $ | 705 | $ | 11,573 | $ | 344 | |||||||||||||||||||||
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. | |||||||||||||||||||||||||||||
Generally, loans 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. | |||||||||||||||||||||||||||||
The following table presents the aging of the recorded investment in past due loans as of June 30, 2014 and December 31, 2013 by class of loans. | |||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater Than | Total Past | Loans Not | Total | ||||||||||||||||||||||||
Past Due | Past Due | 90 Days | Due | Past Due | |||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 442 | $ | 1,708 | $ | 1,643 | $ | 3,793 | $ | 418,606 | $ | 422,399 | |||||||||||||||||
Commercial mortgages | 1,213 | 129 | 4,553 | 5,895 | 336,153 | 342,048 | |||||||||||||||||||||||
Residential real estate | 3,648 | 1,074 | 4,940 | 9,662 | 467,524 | 477,186 | |||||||||||||||||||||||
Consumer | 153 | 50 | 251 | 454 | 64,860 | 65,314 | |||||||||||||||||||||||
Credit cards | 0 | 103 | 53 | 156 | 4,959 | 5,115 | |||||||||||||||||||||||
Overdrafts | 0 | 0 | 0 | 0 | 317 | 317 | |||||||||||||||||||||||
Total | $ | 5,456 | $ | 3,064 | $ | 11,440 | $ | 19,960 | $ | 1,292,419 | $ | 1,312,379 | |||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater Than | Total Past | Loans Not | Total | ||||||||||||||||||||||||
Past Due | Past Due | 90 Days | Due | Past Due | |||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 211 | $ | 542 | $ | 855 | $ | 1,608 | $ | 426,107 | $ | 427,715 | |||||||||||||||||
Commercial mortgages | 1,258 | 713 | 7,236 | 9,207 | 334,258 | 343,465 | |||||||||||||||||||||||
Residential real estate | 4,216 | 114 | 2,539 | 6,869 | 452,245 | 459,114 | |||||||||||||||||||||||
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 | |||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||
The terms of certain loans have been 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 June 30, 2014 and December 31, 2013. | |||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||
Number of | Loan | Specific | Number of | Loan | Specific | ||||||||||||||||||||||||
Loans | Balance | Reserve | Loans | Balance | Reserve | ||||||||||||||||||||||||
Commercial, industrial, and agricultural | 5 | $ | 1,699 | $ | 112 | 5 | $ | 1,790 | $ | 115 | |||||||||||||||||||
Commercial mortgages | 7 | 10,048 | 1,671 | 7 | 10,346 | 1,340 | |||||||||||||||||||||||
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 | $ | 11,747 | $ | 1,783 | 12 | $ | 12,136 | $ | 1,455 | |||||||||||||||||||
There were no loans modified as troubled debt restructurings during the three or six months ended June 30, 2014. The following table presents loans by class modified as troubled debt restructurings that occurred during the six months ended June 30, 2013. There were no loans modified as troubled debt restructurings during the three months ended June 30, 2013. | |||||||||||||||||||||||||||||
Six Months Ended June 30, 2013 | |||||||||||||||||||||||||||||
Number of | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||
Loans | Outstanding Recorded | Outstanding Recorded | |||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 0 | $ | 0 | $ | 0 | ||||||||||||||||||||||||
Commercial mortgages | 1 | 346 | 403 | ||||||||||||||||||||||||||
Residential real estate | 0 | 0 | 0 | ||||||||||||||||||||||||||
Consumer | 0 | 0 | 0 | ||||||||||||||||||||||||||
Credit cards | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total | 1 | $ | 346 | $ | 403 | ||||||||||||||||||||||||
The troubled debt restructuring described above did not increase the allowance for loan losses during the three or six months ended June 30, 2013. | |||||||||||||||||||||||||||||
Modifications involving a reduction of the stated interest rate of the loan were for periods ranging from 4 to 15 years. Modifications involving an extension of the maturity date were for periods ranging from 4 to 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 June 30, 2014 and December 31, 2013 and no principal balances were forgiven in connection with the loan restructurings. | |||||||||||||||||||||||||||||
In the first quarter of 2013, the Corporation recorded a partial chargeoff of $595 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 $0 and $135 on this loan during the three and six months ended June 30, 2013. | |||||||||||||||||||||||||||||
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 on this loan during the year ended December 31, 2013. | |||||||||||||||||||||||||||||
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. | |||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||
Pass | Special | Substandard | Doubtful | Total | |||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 396,268 | $ | 4,233 | $ | 21,565 | $ | 333 | $ | 422,399 | |||||||||||||||||||
Commercial mortgages | 297,995 | 2,857 | 40,752 | 444 | 342,048 | ||||||||||||||||||||||||
Total | $ | 694,263 | $ | 7,090 | $ | 62,317 | $ | 777 | $ | 764,447 | |||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Special | |||||||||||||||||||||||||||||
Pass | Mention | Substandard | Doubtful | Total | |||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 402,507 | $ | 5,509 | $ | 19,318 | $ | 381 | $ | 427,715 | |||||||||||||||||||
Commercial mortgages | 281,421 | 16,623 | 44,936 | 485 | 343,465 | ||||||||||||||||||||||||
Total | $ | 683,928 | $ | 22,132 | $ | 64,254 | $ | 866 | $ | 771,180 | |||||||||||||||||||
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 June 30, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||
Residential | Credit | Residential | Credit | ||||||||||||||||||||||||||
Real Estate | Consumer | Cards | Real Estate | Consumer | Cards | ||||||||||||||||||||||||
Performing | $ | 472,246 | $ | 64,298 | $ | 5,062 | $ | 456,575 | $ | 62,379 | $ | 5,041 | |||||||||||||||||
Non-performing | 4,940 | 1,016 | 53 | 2,539 | 1,112 | 24 | |||||||||||||||||||||||
Total | $ | 477,186 | $ | 65,314 | $ | 5,115 | $ | 459,114 | $ | 63,491 | $ | 5,065 | |||||||||||||||||
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 is summarized as follows at June 30, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||
June 30, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Consumer | $ | 25,591 | $ | 24,891 | |||||||||||||||||||||||||
Residential real estate | 1,419 | 1,552 | |||||||||||||||||||||||||||
Less: unearned discount | (4,048 | ) | (3,896 | ) | |||||||||||||||||||||||||
Total | $ | 22,962 | $ | 22,547 | |||||||||||||||||||||||||
Deposits
Deposits | 6 Months Ended | ||||||||||||
Jun. 30, 2014 | |||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||
Deposits | ' | ||||||||||||
6 | DEPOSITS | ||||||||||||
Total deposits at June 30, 2014 and December 31, 2013 are summarized as follows (in thousands): | |||||||||||||
Percentage | |||||||||||||
Change | June 30, 2014 | December 31, 2013 | |||||||||||
Checking, non-interest bearing | 1.8 | % | $ | 225,366 | $ | 221,293 | |||||||
Checking, interest bearing | 2.9 | % | 463,356 | 450,216 | |||||||||
Savings accounts | 7.1 | % | 961,393 | 898,043 | |||||||||
Certificates of deposit | -24.4 | % | 200,932 | 265,762 | |||||||||
0.9 | % | $ | 1,851,047 | $ | 1,835,314 | ||||||||
Earnings_Per_Share
Earnings Per Share | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Earnings Per Share | ' | ||||||||||||||||
7 | EARNINGS PER SHARE | ||||||||||||||||
Basic earnings per share is computed by dividing net income 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. For the three and six months ended June 30, 2013, 37,500 shares issuable pursuant to outstanding stock options were excluded from the diluted earnings per share calculations because the strike prices associated with the options exceeded the market price of the Corporation’s common stock thus making the shares anti-dilutive. There were no anti-dilutive shares outstanding during the three and six months ended June 30, 2014. | |||||||||||||||||
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. | |||||||||||||||||
The computation of basic and diluted earnings per share is shown below (in thousands except share and per share data): | |||||||||||||||||
Three months ended | Six months ended | ||||||||||||||||
June 30, | June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Basic earnings per common share computation: | |||||||||||||||||
Net income per consolidated statements of income | $ | 5,617 | $ | 2,951 | $ | 10,783 | $ | 7,248 | |||||||||
Net earnings allocated to participating securities | (25 | ) | (15 | ) | (46 | ) | (34 | ) | |||||||||
Net earnings allocated to common stock | $ | 5,592 | $ | 2,936 | $ | 10,737 | $ | 7,214 | |||||||||
Distributed earnings allocated to common stock | $ | 2,375 | $ | 2,053 | $ | 4,751 | $ | 4,107 | |||||||||
Undistributed earnings allocated to common stock | 3,217 | 883 | 5,986 | 3,107 | |||||||||||||
Net earnings allocated to common stock | $ | 5,592 | $ | 2,936 | $ | 10,737 | $ | 7,214 | |||||||||
Weighted average common shares outstanding, including shares considered participating securities | 14,450 | 12,510 | 14,447 | 12,502 | |||||||||||||
Less: Average participating securities | (60 | ) | (57 | ) | (56 | ) | (53 | ) | |||||||||
Weighted average shares | 14,390 | 12,453 | 14,391 | 12,449 | |||||||||||||
Basic earnings per common share | $ | 0.39 | $ | 0.24 | $ | 0.75 | $ | 0.58 | |||||||||
Diluted earnings per common share computation: | |||||||||||||||||
Net earnings allocated to common stock | $ | 5,592 | $ | 2,936 | $ | 10,737 | $ | 7,214 | |||||||||
Weighted average common shares outstanding for basic earnings per common share | 14,390 | 12,453 | 14,391 | 12,449 | |||||||||||||
Add: Dilutive effects of assumed exercises of stock options | 1 | 1 | 2 | 1 | |||||||||||||
Weighted average shares and dilutive potential common shares | 14,391 | 12,454 | 14,393 | 12,450 | |||||||||||||
Diluted earnings per common share | $ | 0.39 | $ | 0.24 | $ | 0.75 | $ | 0.58 | |||||||||
Derivative_Instruments
Derivative Instruments | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||
Derivative Instruments | ' | ||||||||||||||||
8 | DERIVATIVE INSTRUMENTS | ||||||||||||||||
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 June 30, 2014, the variable rate on the subordinated debt was 1.78% (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 June 30, 2014 and December 31, 2013, 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 June 30, 2014 and December 31, 2013 and for the three and six months ended June 30, 2014 and 2013: | |||||||||||||||||
Fair value as of | |||||||||||||||||
Balance Sheet | June 30, | December 31, | |||||||||||||||
Location | 2014 | 2013 | |||||||||||||||
Interest rate contracts | Accrued interest and | ($1,089) | ($ | 1,116 | ) | ||||||||||||
other liabilities | |||||||||||||||||
For the Three Months | |||||||||||||||||
Ended June 30, 2014 | (a) | (b) | (c) | (d) | (e) | ||||||||||||
Interest rate contracts | $ | 17 | Interest expense – | ($ | 94 | ) | Other | $ | 0 | ||||||||
subordinated debentures | income | ||||||||||||||||
For the Six Months | |||||||||||||||||
Ended June 30, 2014 | (a) | (b) | (c) | (d) | (e) | ||||||||||||
Interest rate contracts | ($ | 7 | ) | Interest expense – | ($191) | Other | $ | 0 | |||||||||
subordinated debentures | income | ||||||||||||||||
For the Three Months | |||||||||||||||||
Ended June 30, 2013 | (a) | (b) | (c) | (d) | (e) | ||||||||||||
Interest rate contracts | $ | 245 | Interest expense – | ($ | 105 | ) | Other | $ | 0 | ||||||||
subordinated debentures | income | ||||||||||||||||
For the Six Months | |||||||||||||||||
Ended June 30, 2013 | (a) | (b) | (c) | (d) | (e) | ||||||||||||
Interest rate contracts | $ | 319 | Interest expense – | ($ | 202 | ) | Other | $ | 0 | ||||||||
subordinated 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 $379. | |||||||||||||||||
As of June 30, 2014 and December 31, 2013, a cash collateral balance in the amount of $1,400 was maintained with a counterparty to the interest rate swaps. These balances are included in interest bearing deposits with other banks on the consolidated balance sheet. |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 6 Months Ended | |
Jun. 30, 2014 | ||
Accounting Changes And Error Corrections [Abstract] | ' | |
Recent Accounting Pronouncements | ' | |
9 | RECENT ACCOUNTING PRONOUNCEMENTS | |
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 did not 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. | ||
In June 2014, the FASB issued ASU 2014-12 “Compensation – Stock Compensation (Topic 718)”. ASU 2014-12 clarifies that entities should treat performance targets that can be met after the requisite service period of a share-based payment award as performance conditions that affect vesting. Therefore, an entity would not record compensation expense (measured as of the grant date without taking into account the effect of the performance target) related to an award for which transfer to the employee is contingent on the entity’s satisfaction of a performance target until it becomes probable that the performance target will be met. No new disclosures are required under ASU 2014-12. The guidance is effective for reporting periods beginning after December 15, 2015. The effect of adopting ASU 2014-12 is not expected to have a material effect on the Corporation’s financial statements. | ||
In May 2014, the FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606). The ASU creates a new topic, Topic 606, to provide guidance on revenue recognition for entities that enter into contracts with customers to transfer goods or services or enter into contracts for the transfer of nonfinancial assets. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additional disclosures are required to provide quantitative and qualitative information regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The new guidance is effective for annual reporting periods, and interim reporting periods within those annual periods, beginning after December 15, 2016. Early adoption is not permitted. Management is currently evaluating the impact of the adoption of this guidance on the Corporation’s financial statements. |
Recent_Accounting_Pronouncemen1
Recent Accounting Pronouncements (Policies) | 6 Months Ended |
Jun. 30, 2014 | |
Accounting Changes And Error Corrections [Abstract] | ' |
Income Taxes | ' |
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 did not have a material effect on the Corporation’s financial statements. | |
Receivables - Troubled Debt Restructurings by Creditors | ' |
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. | |
Compensation- Stock Compensation | ' |
In June 2014, the FASB issued ASU 2014-12 “Compensation – Stock Compensation (Topic 718)”. ASU 2014-12 clarifies that entities should treat performance targets that can be met after the requisite service period of a share-based payment award as performance conditions that affect vesting. Therefore, an entity would not record compensation expense (measured as of the grant date without taking into account the effect of the performance target) related to an award for which transfer to the employee is contingent on the entity’s satisfaction of a performance target until it becomes probable that the performance target will be met. No new disclosures are required under ASU 2014-12. The guidance is effective for reporting periods beginning after December 15, 2015. The effect of adopting ASU 2014-12 is not expected to have a material effect on the Corporation’s financial statements. | |
Revenue from Contracts with Customers | ' |
In May 2014, the FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606). The ASU creates a new topic, Topic 606, to provide guidance on revenue recognition for entities that enter into contracts with customers to transfer goods or services or enter into contracts for the transfer of nonfinancial assets. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additional disclosures are required to provide quantitative and qualitative information regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The new guidance is effective for annual reporting periods, and interim reporting periods within those annual periods, beginning after December 15, 2016. Early adoption is not permitted. Management is currently evaluating the impact of the adoption of this guidance on the Corporation’s financial statements. |
Stock_Compensation_Tables
Stock Compensation (Tables) | 6 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||
Summary of Changes in Nonvested Restricted Stock Awards | ' | ||||||||
A summary of changes in nonvested restricted stock awards for the three months ended June 30, 2014 follows: | |||||||||
Per Share | |||||||||
Weighted Average | |||||||||
Shares | Grant Date Fair Value | ||||||||
Nonvested at beginning of period | 70,061 | $ | 16.8 | ||||||
Granted | 0 | 0 | |||||||
Vested | 0 | 0 | |||||||
Nonvested at end of period | 70,061 | $ | 16.8 | ||||||
A summary of changes in nonvested restricted stock awards for the six months ended June 30, 2014 follows: | |||||||||
Per Share | |||||||||
Weighted Average | |||||||||
Shares | Grant Date Fair Value | ||||||||
Nonvested at beginning of period | 62,076 | $ | 16.25 | ||||||
Granted | 35,400 | 17.19 | |||||||
Vested | (27,415 | ) | 16.05 | ||||||
Nonvested at end of period | 70,061 | $ | 16.8 | ||||||
Fair_Value_Tables
Fair Value (Tables) | 6 Months Ended | ||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||
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 June 30, 2014 and December 31, 2013: | |||||||||||||||||||||
Fair Value Measurements at June 30, 2014 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. Government sponsored entities | $ | 167,176 | $ | 0 | $ | 167,176 | $ | 0 | |||||||||||||
States and political subdivisions | 183,212 | 0 | 183,212 | 0 | |||||||||||||||||
Residential and multi-family mortgage | 262,901 | 0 | 262,901 | 0 | |||||||||||||||||
Commercial mortgage | 188 | 0 | 188 | 0 | |||||||||||||||||
Corporate notes and bonds | 14,484 | 0 | 14,484 | 0 | |||||||||||||||||
Pooled trust preferred | 798 | 0 | 0 | 798 | |||||||||||||||||
Pooled SBA | 65,658 | 0 | 65,658 | 0 | |||||||||||||||||
Other securities | 1,002 | 1,002 | 0 | 0 | |||||||||||||||||
Total Securities Available For Sale | $ | 695,419 | $ | 1,002 | $ | 695,419 | $ | 798 | |||||||||||||
Trading Securities: | |||||||||||||||||||||
Corporate equity securities | $ | 2,990 | $ | 2,990 | $ | 0 | $ | 0 | |||||||||||||
Mutual funds | 978 | 978 | 0 | 0 | |||||||||||||||||
Certificates of deposit | 254 | 254 | 0 | 0 | |||||||||||||||||
Corporate notes and bonds | 153 | 0 | 153 | 0 | |||||||||||||||||
U.S. Government sponsored entities | 54 | 0 | 54 | 0 | |||||||||||||||||
Total Trading Securities | $ | 4,429 | $ | 4,222 | $ | 207 | $ | 0 | |||||||||||||
Liabilities: | |||||||||||||||||||||
Interest rate swaps | $ | (1,089 | ) | $ | 0 | $ | (1,089 | ) | $ | 0 | |||||||||||
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. 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 | |||||||||||||
Mutual funds | 965 | 965 | 0 | 0 | |||||||||||||||||
Certificates of deposit | 253 | 253 | 0 | 0 | |||||||||||||||||
Corporate notes and bonds | 152 | 0 | 152 | 0 | |||||||||||||||||
U.S. Government sponsored entities | 52 | 0 | 52 | 0 | |||||||||||||||||
Total Trading Securities | $ | 4,127 | $ | 3,923 | $ | 204 | $ | 0 | |||||||||||||
Liabilities: | |||||||||||||||||||||
Interest rate swaps | $ | (1,116 | ) | $ | 0 | $ | (1,116 | ) | $ | 0 | |||||||||||
Securities Available for Sale Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) | ' | ||||||||||||||||||||
The table below presents a reconciliation of the fair value of securities available for sale measured on a recurring basis using significant unobservable inputs (Level 3) for the three months ended June 30, 2014: | |||||||||||||||||||||
Pooled | |||||||||||||||||||||
trust | |||||||||||||||||||||
preferred | |||||||||||||||||||||
Balance, April 1, 2014 | $ | 798 | |||||||||||||||||||
Total gains or (losses): | |||||||||||||||||||||
Included in other comprehensive income (unrealized) | 0 | ||||||||||||||||||||
Balance, June 30, 2014 | $ | 798 | |||||||||||||||||||
The table below presents a reconciliation of the fair value of securities available for sale measured on a recurring basis using significant unobservable inputs (Level 3) for the six months ended June 30, 2014: | |||||||||||||||||||||
Pooled | |||||||||||||||||||||
Trust | |||||||||||||||||||||
Preferred | |||||||||||||||||||||
Balance, January 1, 2014 | $ | 661 | |||||||||||||||||||
Total gains or (losses): | |||||||||||||||||||||
Included in other comprehensive income (unrealized) | 137 | ||||||||||||||||||||
Balance, June 30, 2014 | $ | 798 | |||||||||||||||||||
The table below presents a reconciliation of the fair value of securities available for sale measured on a recurring basis using significant unobservable inputs (Level 3) for the three months ended June 30, 2013: | |||||||||||||||||||||
Corporate | Pooled | ||||||||||||||||||||
notes and | trust | ||||||||||||||||||||
bonds | preferred | ||||||||||||||||||||
Balance, April 1, 2013 | $ | 2,067 | $ | 558 | |||||||||||||||||
Total gains or (losses): | |||||||||||||||||||||
Included in other comprehensive income | (116 | ) | 72 | ||||||||||||||||||
Included in realized gains on available-for-sale securities | 58 | 0 | |||||||||||||||||||
Sale of available-for-sale securities | (2,009 | ) | 0 | ||||||||||||||||||
Balance, June 30, 2013 | $ | 0 | $ | 630 | |||||||||||||||||
The table below presents a reconciliation of the fair value of securities available for sale measured on a recurring basis using significant unobservable inputs (Level 3) for the six months ended June 30, 2013: | |||||||||||||||||||||
Corporate | Pooled | ||||||||||||||||||||
notes and | trust | ||||||||||||||||||||
bonds | preferred | ||||||||||||||||||||
Balance, January 1, 2013 | $ | 1,980 | $ | 600 | |||||||||||||||||
Total gains or (losses): | |||||||||||||||||||||
Included in other comprehensive income | (29 | ) | 30 | ||||||||||||||||||
Included in realized gains on available-for-sale securities | 58 | 0 | |||||||||||||||||||
Sale of available-for-sale securities | (2,009 | ) | 0 | ||||||||||||||||||
Balance, June 30, 2013 | $ | 0 | $ | 630 | |||||||||||||||||
Quantitative Information About Level 3 Fair Value Measurements | ' | ||||||||||||||||||||
The following table presents quantitative information about Level 3 fair value measurements at June 30, 2014: | |||||||||||||||||||||
Fair | Valuation | Unobservable | Input | ||||||||||||||||||
value | Technique | Inputs | Utilized | ||||||||||||||||||
Pooled trust preferred | $ | 798 | Discounted | Collateral default rate | 1.5% in 2014; 1.0% in | ||||||||||||||||
cash flow | 2015; 0.5% in 2016 and | ||||||||||||||||||||
thereafter | |||||||||||||||||||||
Yield | 12% | ||||||||||||||||||||
Prepayment speed | 2.0% constant prepayment | ||||||||||||||||||||
rate in 2014 and thereafter | |||||||||||||||||||||
The following table presents quantitative information about Level 3 fair value measurements at December 31, 2013: | |||||||||||||||||||||
Fair | Valuation | Unobservable | Input | ||||||||||||||||||
value | Technique | Inputs | Utilized | ||||||||||||||||||
Pooled trust preferred | $ | 661 | Discounted | Collateral default rate | 2% in 2014; 1.5% in | ||||||||||||||||
cash flow | 2015; 1.0% in 2016; 0.5% in | ||||||||||||||||||||
2017 and thereafter | |||||||||||||||||||||
Yield | 15% | ||||||||||||||||||||
Prepayment speed | 2.0% constant prepayment | ||||||||||||||||||||
rate in 2014 and thereafter | |||||||||||||||||||||
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 June 30, 2014 and December 31, 2013: | |||||||||||||||||||||
Fair Value Measurements at June 30, 2014 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: | |||||||||||||||||||||
Impaired loans: | |||||||||||||||||||||
Commercial mortgages | $ | 3,067 | 0 | 0 | $ | 3,067 | |||||||||||||||
Commercial, industrial, and agricultural | 3,360 | 0 | 0 | 3,360 | |||||||||||||||||
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: | |||||||||||||||||||||
Impaired loans: | |||||||||||||||||||||
Commercial mortgages | $ | 3,000 | 0 | 0 | $ | 3,000 | |||||||||||||||
Commercial, industrial, and agricultural | 3,706 | 0 | 0 | 3,706 | |||||||||||||||||
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 June 30, 2014: | |||||||||||||||||||||
Fair | Valuation Technique | Unobservable | Range | ||||||||||||||||||
value | Inputs | (Weighted Average) | |||||||||||||||||||
Impaired loans – commercial mortgages | $ | 3,067 | Sales comparison | Adjustment for differences | 13% - 61% (35%) | ||||||||||||||||
approach | between the comparable sales | ||||||||||||||||||||
Impaired loans – commercial, industrial, and agricultural | $ | 3,360 | Sales comparison | Adjustment for differences | 9% - 28% (9%) | ||||||||||||||||
approach | between the comparable sales | ||||||||||||||||||||
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 Technique | Unobservable Inputs | Range | ||||||||||||||||||
value | (Weighted Average) | ||||||||||||||||||||
Impaired loans – commercial mortgages | $ | 3,000 | Sales comparison | Adjustment for differences | 17% - 61% (22%) | ||||||||||||||||
approach | between the comparable sales | ||||||||||||||||||||
Impaired loans – commercial, industrial, and agricultural | $ | 3,274 | Sales comparison | Adjustment for differences | 9% | ||||||||||||||||
approach | between the comparable sales | ||||||||||||||||||||
Impaired loans – commercial, industrial, and agricultural | $ | 432 | Income approach | Adjustment for differences in | 2% | ||||||||||||||||
net operating income | |||||||||||||||||||||
Carrying Amount and Fair Value of Financial Instruments | ' | ||||||||||||||||||||
The following table presents the carrying amount and fair value of financial instruments at June 30, 2014: | |||||||||||||||||||||
Carrying | Fair Value Measurement Using: | Total | |||||||||||||||||||
Amount | Level 1 | Level 2 | Level 3 | Fair Value | |||||||||||||||||
ASSETS | |||||||||||||||||||||
Cash and cash equivalents | $ | 34,351 | $ | 34,351 | $ | 0 | $ | 0 | $ | 34,351 | |||||||||||
Interest bearing time deposits with other banks | 225 | 0 | 225 | 0 | 225 | ||||||||||||||||
Securities available for sale | 695,419 | 1,002 | 693,619 | 798 | 695,419 | ||||||||||||||||
Trading securities | 4,429 | 4,222 | 207 | 0 | 4,429 | ||||||||||||||||
Loans held for sale | 942 | 0 | 942 | 0 | 942 | ||||||||||||||||
Net loans | 1,290,916 | 0 | 0 | 1,290,449 | 1,290,449 | ||||||||||||||||
FHLB and other equity interests | 9,040 | n/a | n/a | n/a | n/a | ||||||||||||||||
Accrued interest receivable | 7,533 | 5 | 3,607 | 3,921 | 7,533 | ||||||||||||||||
LIABILITIES | |||||||||||||||||||||
Deposits | $ | (1,851,047 | ) | $ | (1,650,115 | ) | $ | (200,558 | ) | $ | 0 | $ | (1,850,673 | ) | |||||||
FHLB and other borrowings | (85,608 | ) | 0 | (85,703 | ) | 0 | (85,703 | ) | |||||||||||||
Subordinated debentures | (20,620 | ) | 0 | (11,275 | ) | 0 | (11,275 | ) | |||||||||||||
Interest rate swaps | (1,089 | ) | 0 | (1,089 | ) | 0 | (1,089 | ) | |||||||||||||
Accrued interest payable | (800 | ) | (332 | ) | (453 | ) | (15 | ) | (800 | ) | |||||||||||
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 | ) |
Securities_Tables
Securities (Tables) | 6 Months Ended | ||||||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||||||
Cash And Cash Equivalents [Abstract] | ' | ||||||||||||||||||||||||||||||||
Securities Available for Sale | ' | ||||||||||||||||||||||||||||||||
Securities available for sale at June 30, 2014 and December 31, 2013 are as follows: | |||||||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||||||
Amortized | Unrealized | Fair | Amortized | Unrealized | Fair | ||||||||||||||||||||||||||||
Cost | Gains | Losses | Value | Cost | Gains | Losses | Value | ||||||||||||||||||||||||||
U.S. Gov’t sponsored entities | $ | 168,144 | $ | 4,279 | $ | (5,247 | ) | $ | 167,176 | $ | 185,205 | $ | 2,894 | $ | (6,474 | ) | $ | 181,625 | |||||||||||||||
State & political subdivisions | 178,078 | 5,849 | (715 | ) | 183,212 | 176,490 | 3,770 | (2,317 | ) | 177,943 | |||||||||||||||||||||||
Residential & multi-family mortgage | 264,882 | 2,432 | (4,413 | ) | 262,901 | 248,017 | 2,410 | (7,820 | ) | 242,607 | |||||||||||||||||||||||
Commercial mortgage | 193 | 0 | (5 | ) | 188 | 385 | 0 | (11 | ) | 374 | |||||||||||||||||||||||
Corporate notes & bonds | 15,748 | 116 | (1,380 | ) | 14,484 | 15,744 | 65 | (1,734 | ) | 14,075 | |||||||||||||||||||||||
Pooled trust preferred | 800 | 0 | (2 | ) | 798 | 800 | 0 | (139 | ) | 661 | |||||||||||||||||||||||
Pooled SBA | 66,851 | 836 | (2,029 | ) | 65,658 | 70,077 | 688 | (3,044 | ) | 67,721 | |||||||||||||||||||||||
Other securities | 1,020 | 0 | (18 | ) | 1,002 | 1,020 | 0 | (35 | ) | 985 | |||||||||||||||||||||||
Total | $ | 695,716 | $ | 13,512 | $ | (13,809 | ) | $ | 695,419 | $ | 697,738 | $ | 9,827 | $ | (21,574 | ) | $ | 685,991 | |||||||||||||||
Trading Securities | ' | ||||||||||||||||||||||||||||||||
Trading securities at June 30, 2014 and December 31, 2013 are as follows: | |||||||||||||||||||||||||||||||||
June 30, | December 31, | ||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
Corporate equity securities | $ | 2,990 | $ | 2,705 | |||||||||||||||||||||||||||||
Mutual funds | 978 | 965 | |||||||||||||||||||||||||||||||
Certificates of deposit | 254 | 253 | |||||||||||||||||||||||||||||||
Corporate notes and bonds | 153 | 152 | |||||||||||||||||||||||||||||||
U.S. Government sponsored entities | 54 | 52 | |||||||||||||||||||||||||||||||
Total | $ | 4,429 | $ | 4,127 | |||||||||||||||||||||||||||||
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 June 30, 2014 and December 31, 2013, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows (in thousands): | |||||||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||||||
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. Gov’t sponsored entities | $ | 4,857 | $ | (1,604 | ) | $ | 97,377 | $ | (3,643 | ) | $ | 102,234 | $ | (5,247 | ) | ||||||||||||||||||
State & political subdivisions | 8,527 | (34 | ) | 23,517 | (681 | ) | 32,044 | (715 | ) | ||||||||||||||||||||||||
Residential & multi-family mortgage | 61,870 | (779 | ) | 101,485 | (3,634 | ) | 163,355 | (4,413 | ) | ||||||||||||||||||||||||
Commercial mortgage | 0 | 0 | 188 | (5 | ) | 188 | (5 | ) | |||||||||||||||||||||||||
Corporate notes & bonds | 0 | 0 | 8,020 | (1,380 | ) | 8,020 | (1,380 | ) | |||||||||||||||||||||||||
Pooled trust preferred | 0 | 0 | 798 | (2 | ) | 798 | (2 | ) | |||||||||||||||||||||||||
Pooled SBA | 1,991 | (9 | ) | 39,753 | (2,020 | ) | 41,744 | (2,029 | ) | ||||||||||||||||||||||||
Other securities | 1,002 | (18 | ) | 0 | 0 | 1,002 | (18 | ) | |||||||||||||||||||||||||
$ | 78,247 | $ | (2,444 | ) | $ | 271,138 | $ | (11,365 | ) | $ | 349,385 | $ | (13,809 | ) | |||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||||||||||
Value | Loss | Value | Loss | Value | Loss | ||||||||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||||||
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 and 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 | ) | |||||||||||||||||||
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 three and six months ended June 30, 2014 and 2013 is as follows: | |||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||
Additional credit loss for which other-than-temporary impairment was not previously recognized | 0 | ||||||||||||||||||||||||||||||||
Additional credit loss for which other-than-temporary impairment was previously recognized | 0 | ||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||
Information Pertaining to Security Sales | ' | ||||||||||||||||||||||||||||||||
Information pertaining to security sales is as follows: | |||||||||||||||||||||||||||||||||
Proceeds | Gross Gains | Gross Losses | |||||||||||||||||||||||||||||||
Three months ended June 30, 2014 | $ | 16,177 | $ | 138 | $ | 0 | |||||||||||||||||||||||||||
Six months ended June 30, 2014 | 29,128 | 287 | (83 | ) | |||||||||||||||||||||||||||||
Three months ended June 30, 2013 | 32,348 | 746 | (494 | ) | |||||||||||||||||||||||||||||
Six months ended June 30, 2013 | 33,672 | 822 | (494 | ) | |||||||||||||||||||||||||||||
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 June 30, 2014: | |||||||||||||||||||||||||||||||||
Amortized | Fair Value | ||||||||||||||||||||||||||||||||
Cost | |||||||||||||||||||||||||||||||||
1 year or less | $ | 29,494 | $ | 29,090 | |||||||||||||||||||||||||||||
1 year – 5 years | 149,072 | 151,616 | |||||||||||||||||||||||||||||||
5 years – 10 years | 145,065 | 146,310 | |||||||||||||||||||||||||||||||
After 10 years | 39,139 | 38,654 | |||||||||||||||||||||||||||||||
362,770 | 365,670 | ||||||||||||||||||||||||||||||||
Residential and multi-family mortgage | 264,882 | 262,901 | |||||||||||||||||||||||||||||||
Pooled SBA | 66,851 | 65,658 | |||||||||||||||||||||||||||||||
Commercial mortgage | 193 | 188 | |||||||||||||||||||||||||||||||
Total debt securities | $ | 694,696 | $ | 694,417 | |||||||||||||||||||||||||||||
Loans_Tables
Loans (Tables) | 6 Months Ended | ||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule of Net Loans | ' | ||||||||||||||||||||||||||||
Total net loans at June 30, 2014 and December 31, 2013 are summarized as follows: | |||||||||||||||||||||||||||||
June 30, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 422,399 | $ | 427,715 | |||||||||||||||||||||||||
Commercial mortgages | 342,048 | 343,465 | |||||||||||||||||||||||||||
Residential real estate | 477,186 | 459,114 | |||||||||||||||||||||||||||
Consumer | 65,314 | 63,491 | |||||||||||||||||||||||||||
Credit cards | 5,115 | 5,065 | |||||||||||||||||||||||||||
Overdrafts | 317 | 409 | |||||||||||||||||||||||||||
Less: unearned discount | (4,048 | ) | (3,896 | ) | |||||||||||||||||||||||||
allowance for loan losses | (17,415 | ) | (16,234 | ) | |||||||||||||||||||||||||
Loans, net | $ | 1,290,916 | $ | 1,279,129 | |||||||||||||||||||||||||
Allowance for Loan Losses | ' | ||||||||||||||||||||||||||||
Transactions in the allowance for loan losses for the three months ended June 30, 2014 were as follows: | |||||||||||||||||||||||||||||
Commercial, | Residential | ||||||||||||||||||||||||||||
Industrial, and | Commercial | Real | Credit | ||||||||||||||||||||||||||
Agricultural | Mortgages | Estate | Consumer | Cards | Overdrafts | Total | |||||||||||||||||||||||
Allowance for loan losses, April 1, 2014 | $ | 8,278 | $ | 3,704 | $ | 2,455 | $ | 1,972 | $ | 68 | $ | 197 | $ | 16,674 | |||||||||||||||
Charge-offs | (319 | ) | 0 | (76 | ) | (369 | ) | (2 | ) | (64 | ) | (830 | ) | ||||||||||||||||
Recoveries | 1 | 10 | 0 | 31 | 1 | 27 | 70 | ||||||||||||||||||||||
Provision for loan losses | 136 | 867 | 88 | 362 | 21 | 27 | 1,501 | ||||||||||||||||||||||
Allowance for loan losses, June 30, 2014 | $ | 8,096 | $ | 4,581 | $ | 2,467 | $ | 1,996 | $ | 88 | $ | 187 | $ | 17,415 | |||||||||||||||
Transactions in the allowance for loan losses for the six months ended June 30, 2014 were as follows: | |||||||||||||||||||||||||||||
Commercial, | Residential | ||||||||||||||||||||||||||||
Industrial, and | Commercial | Real | Credit | ||||||||||||||||||||||||||
Agricultural | Mortgages | Estate | Consumer | Cards | Overdrafts | Total | |||||||||||||||||||||||
Allowance for loan losses, January 1, 2014 | $ | 8,212 | $ | 3,536 | $ | 2,450 | $ | 1,763 | $ | 66 | $ | 207 | $ | 16,234 | |||||||||||||||
Charge-offs | (319 | ) | (50 | ) | (198 | ) | (768 | ) | (23 | ) | (122 | ) | (1,480 | ) | |||||||||||||||
Recoveries | 1 | 10 | 19 | 53 | 3 | 55 | 141 | ||||||||||||||||||||||
Provision for loan losses | 202 | 1,085 | 196 | 948 | 42 | 47 | 2,520 | ||||||||||||||||||||||
Allowance for loan losses, June 30, 2014 | $ | 8,096 | $ | 4,581 | $ | 2,467 | $ | 1,996 | $ | 88 | $ | 187 | $ | 17,415 | |||||||||||||||
Transactions in the allowance for loan losses for the three months ended June 30, 2013 were as follows: | |||||||||||||||||||||||||||||
Commercial, | Residential | ||||||||||||||||||||||||||||
Industrial, and | Commercial | Real | Credit | ||||||||||||||||||||||||||
Agricultural | Mortgages | Estate | Consumer | Cards | Overdrafts | Total | |||||||||||||||||||||||
Allowance for loan losses, April 1, 2013 | $ | 5,271 | $ | 4,299 | $ | 2,395 | $ | 1,707 | $ | 77 | $ | 148 | $ | 13,897 | |||||||||||||||
Charge-offs | (84 | ) | (923 | ) | (169 | ) | (346 | ) | (17 | ) | (44 | ) | (1,583 | ) | |||||||||||||||
Recoveries | 7 | 2 | 3 | 33 | 8 | 18 | 71 | ||||||||||||||||||||||
Provision (benefit) for loan losses | 144 | 2,518 | 279 | 161 | (13 | ) | 26 | 3,115 | |||||||||||||||||||||
Allowance for loan losses, June 30, 2013 | $ | 5,338 | $ | 5,896 | $ | 2,508 | $ | 1,555 | $ | 55 | $ | 148 | $ | 15,500 | |||||||||||||||
Transactions in the allowance for loan losses for the six months ended June 30, 2013 were as follows: | |||||||||||||||||||||||||||||
Commercial, | Residential | ||||||||||||||||||||||||||||
Industrial, and | Commercial | Real | Credit | ||||||||||||||||||||||||||
Agricultural | Mortgages | Estate | Consumer | Cards | Overdrafts | Total | |||||||||||||||||||||||
Allowance for loan losses, January 1, 2013 | $ | 4,940 | $ | 4,697 | $ | 2,466 | $ | 1,699 | $ | 83 | $ | 175 | $ | 14,060 | |||||||||||||||
Charge-offs | (84 | ) | (1,530 | ) | (341 | ) | (677 | ) | (29 | ) | (91 | ) | (2,752 | ) | |||||||||||||||
Recoveries | 7 | 3 | 4 | 74 | 10 | 49 | 147 | ||||||||||||||||||||||
Provision (benefit) for loan losses | 475 | 2,726 | 379 | 459 | (9 | ) | 15 | 4,045 | |||||||||||||||||||||
Allowance for loan losses, June 30, 2013 | $ | 5,338 | $ | 5,896 | $ | 2,508 | $ | 1,555 | $ | 55 | $ | 148 | $ | 15,500 | |||||||||||||||
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 June 30, 2014 and December 31, 2013. The recorded investment in loans excludes accrued interest and unearned discounts due to their insignificance. | |||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||
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 | $ | 352 | $ | 307 | $ | 204 | $ | 0 | $ | 0 | $ | 0 | $ | 863 | |||||||||||||||
Collectively evaluated for impairment | 7,632 | 2,603 | 2,263 | 1,996 | 88 | 187 | 14,769 | ||||||||||||||||||||||
Acquired with deteriorated credit quality | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
Modified in a troubled debt restructuring | 112 | 1,671 | 0 | 0 | 0 | 0 | 1,783 | ||||||||||||||||||||||
Total ending allowance balance | $ | 8,096 | $ | 4,581 | $ | 2,467 | $ | 1,996 | $ | 88 | $ | 187 | $ | 17,415 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 4,537 | $ | 2,467 | $ | 400 | $ | 0 | $ | 0 | $ | 0 | $ | 7,404 | |||||||||||||||
Collectively evaluated for impairment | 416,163 | 327,306 | 476,786 | 65,314 | 5,115 | 317 | 1,291,001 | ||||||||||||||||||||||
Acquired with deteriorated credit quality | 0 | 2,227 | 0 | 0 | 0 | 0 | 2,227 | ||||||||||||||||||||||
Modified in a troubled debt restructuring | 1,699 | 10,048 | 0 | 0 | 0 | 0 | 11,747 | ||||||||||||||||||||||
Total ending loans balance | $ | 422,399 | $ | 342,048 | $ | 477,186 | $ | 65,314 | $ | 5,115 | $ | 317 | $ | 1,312,379 | |||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Commercial, | Commercial | Residential | Consumer | Credit | Overdrafts | Total | |||||||||||||||||||||||
Industrial, and | Mortgages | Real Estate | Cards | ||||||||||||||||||||||||||
Agricultural | |||||||||||||||||||||||||||||
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 | 7,725 | 2,141 | 2,450 | 1,763 | 66 | 207 | 14,352 | ||||||||||||||||||||||
Acquired with deteriorated credit quality | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||
Modified in a troubled debt restructuring | 115 | 1,340 | 0 | 0 | 0 | 0 | 1,455 | ||||||||||||||||||||||
Total ending allowance balance | $ | 8,212 | $ | 3,536 | $ | 2,450 | $ | 1,763 | $ | 66 | $ | 207 | $ | 16,234 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 4,923 | $ | 1,249 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 6,172 | |||||||||||||||
Collectively evaluated for impairment | 421,002 | 329,645 | 459,114 | 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 | 1,790 | 10,346 | 0 | 0 | 0 | 0 | 12,136 | ||||||||||||||||||||||
Total ending loans balance | $ | 427,715 | $ | 343,465 | $ | 459,114 | $ | 63,491 | $ | 5,065 | $ | 409 | $ | 1,299,259 | |||||||||||||||
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 June 30, 2014 and December 31, 2013 and for the three and six months ended June 30, 2014 and 2013: | |||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||
Unpaid Principal | Recorded | Allowance for Loan | |||||||||||||||||||||||||||
Balance | Investment | Losses Allocated | |||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 4,045 | $ | 3,995 | $ | 465 | |||||||||||||||||||||||
Commercial mortgage | 5,938 | 5,609 | 1,977 | ||||||||||||||||||||||||||
Residential real estate | 400 | 400 | 204 | ||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 4,579 | 2,242 | 0 | ||||||||||||||||||||||||||
Commercial mortgage | 6,905 | 6,905 | 0 | ||||||||||||||||||||||||||
Residential real estate | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total | $ | 21,867 | $ | 19,151 | $ | 2,646 | |||||||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Unpaid Principal | Recorded | Allowance for Loan | |||||||||||||||||||||||||||
Balance | Investment | Losses Allocated | |||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 5,929 | $ | 4,679 | $ | 487 | |||||||||||||||||||||||
Commercial mortgage | 5,646 | 5,443 | 1,395 | ||||||||||||||||||||||||||
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 | |||||||||||||||||||||||
Impaired Financing Receivables with Related and not Related Allowances | ' | ||||||||||||||||||||||||||||
Three Months Ended June 30, 2014 | Six Months Ended June 30, 2014 | ||||||||||||||||||||||||||||
Average | Interest | Cash Basis | Average | Interest | Cash Basis | ||||||||||||||||||||||||
Recorded | Income | Interest | Recorded | Income | Interest | ||||||||||||||||||||||||
Investment | Recognized | Recognized | Investment | Recognized | Recognized | ||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 4,318 | $ | 1 | $ | 1 | $ | 4,438 | $ | 2 | $ | 2 | |||||||||||||||||
Commercial mortgage | 5,402 | 0 | 0 | 5,416 | 0 | 0 | |||||||||||||||||||||||
Residential real estate | 200 | 3 | 3 | 133 | 11 | 11 | |||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 2,234 | 0 | 0 | 2,167 | 0 | 0 | |||||||||||||||||||||||
Commercial mortgage | 6,249 | 0 | 0 | 6,217 | 0 | 0 | |||||||||||||||||||||||
Residential real estate | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||
Total | $ | 18,403 | $ | 4 | $ | 4 | $ | 18,371 | $ | 13 | $ | 13 | |||||||||||||||||
Three Months Ended June 30, 2013 | Six Months Ended June 30, 2013 | ||||||||||||||||||||||||||||
Average | Interest | Cash Basis | Average | Interest | Cash Basis | ||||||||||||||||||||||||
Recorded | Income | Interest | Recorded | Income | Interest | ||||||||||||||||||||||||
Investment | Recognized | Recognized | Investment | Recognized | Recognized | ||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 1,459 | $ | 1 | $ | 1 | $ | 1,621 | $ | 1 | $ | 1 | |||||||||||||||||
Commercial mortgage | 5,787 | 0 | 0 | 6,009 | 3 | 3 | |||||||||||||||||||||||
Residential real estate | 62 | 2 | 2 | 191 | 3 | 3 | |||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 2,172 | 0 | 0 | 2,184 | 0 | 0 | |||||||||||||||||||||||
Commercial mortgage | 14,637 | 0 | 0 | 15,270 | 0 | 0 | |||||||||||||||||||||||
Residential real estate | 76 | 0 | 0 | 143 | 0 | 0 | |||||||||||||||||||||||
Total | $ | 24,193 | $ | 3 | $ | 3 | $ | 25,418 | $ | 7 | $ | 7 | |||||||||||||||||
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 accruing interest by class of loans as of June 30, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||
Nonaccrual | Past Due Over | Nonaccrual | Past Due Over | ||||||||||||||||||||||||||
90 Days | 90 Days | ||||||||||||||||||||||||||||
Still on | Still on | ||||||||||||||||||||||||||||
Accrual | Accrual | ||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 1,491 | $ | 319 | $ | 1,006 | $ | 0 | |||||||||||||||||||||
Commercial mortgages | 4,553 | 0 | 7,236 | 0 | |||||||||||||||||||||||||
Residential real estate | 4,614 | 326 | 2,389 | 150 | |||||||||||||||||||||||||
Consumer | 1,009 | 7 | 942 | 170 | |||||||||||||||||||||||||
Credit cards | 0 | 53 | 0 | 24 | |||||||||||||||||||||||||
Total | $ | 11,667 | $ | 705 | $ | 11,573 | $ | 344 | |||||||||||||||||||||
Aging of Recorded Investment in Past Due Loans | ' | ||||||||||||||||||||||||||||
The following table presents the aging of the recorded investment in past due loans as of June 30, 2014 and December 31, 2013 by class of loans. | |||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater Than | Total Past | Loans Not | Total | ||||||||||||||||||||||||
Past Due | Past Due | 90 Days | Due | Past Due | |||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 442 | $ | 1,708 | $ | 1,643 | $ | 3,793 | $ | 418,606 | $ | 422,399 | |||||||||||||||||
Commercial mortgages | 1,213 | 129 | 4,553 | 5,895 | 336,153 | 342,048 | |||||||||||||||||||||||
Residential real estate | 3,648 | 1,074 | 4,940 | 9,662 | 467,524 | 477,186 | |||||||||||||||||||||||
Consumer | 153 | 50 | 251 | 454 | 64,860 | 65,314 | |||||||||||||||||||||||
Credit cards | 0 | 103 | 53 | 156 | 4,959 | 5,115 | |||||||||||||||||||||||
Overdrafts | 0 | 0 | 0 | 0 | 317 | 317 | |||||||||||||||||||||||
Total | $ | 5,456 | $ | 3,064 | $ | 11,440 | $ | 19,960 | $ | 1,292,419 | $ | 1,312,379 | |||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater Than | Total Past | Loans Not | Total | ||||||||||||||||||||||||
Past Due | Past Due | 90 Days | Due | Past Due | |||||||||||||||||||||||||
Past Due | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 211 | $ | 542 | $ | 855 | $ | 1,608 | $ | 426,107 | $ | 427,715 | |||||||||||||||||
Commercial mortgages | 1,258 | 713 | 7,236 | 9,207 | 334,258 | 343,465 | |||||||||||||||||||||||
Residential real estate | 4,216 | 114 | 2,539 | 6,869 | 452,245 | 459,114 | |||||||||||||||||||||||
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 | |||||||||||||||||
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 June 30, 2014 and December 31, 2013. | |||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||
Number of | Loan | Specific | Number of | Loan | Specific | ||||||||||||||||||||||||
Loans | Balance | Reserve | Loans | Balance | Reserve | ||||||||||||||||||||||||
Commercial, industrial, and agricultural | 5 | $ | 1,699 | $ | 112 | 5 | $ | 1,790 | $ | 115 | |||||||||||||||||||
Commercial mortgages | 7 | 10,048 | 1,671 | 7 | 10,346 | 1,340 | |||||||||||||||||||||||
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 | $ | 11,747 | $ | 1,783 | 12 | $ | 12,136 | $ | 1,455 | |||||||||||||||||||
Loans by Class Modified as Troubled Debt Restructurings | ' | ||||||||||||||||||||||||||||
The following table presents loans by class modified as troubled debt restructurings that occurred during the six months ended June 30, 2013. There were no loans modified as troubled debt restructurings during the three months ended June 30, 2013. | |||||||||||||||||||||||||||||
Six Months Ended June 30, 2013 | |||||||||||||||||||||||||||||
Number of | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||
Loans | Outstanding Recorded | Outstanding Recorded | |||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | 0 | $ | 0 | $ | 0 | ||||||||||||||||||||||||
Commercial mortgages | 1 | 346 | 403 | ||||||||||||||||||||||||||
Residential real estate | 0 | 0 | 0 | ||||||||||||||||||||||||||
Consumer | 0 | 0 | 0 | ||||||||||||||||||||||||||
Credit cards | 0 | 0 | 0 | ||||||||||||||||||||||||||
Total | 1 | $ | 346 | $ | 403 | ||||||||||||||||||||||||
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. | |||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||
Pass | Special | Substandard | Doubtful | Total | |||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 396,268 | $ | 4,233 | $ | 21,565 | $ | 333 | $ | 422,399 | |||||||||||||||||||
Commercial mortgages | 297,995 | 2,857 | 40,752 | 444 | 342,048 | ||||||||||||||||||||||||
Total | $ | 694,263 | $ | 7,090 | $ | 62,317 | $ | 777 | $ | 764,447 | |||||||||||||||||||
December 31, 2013 | |||||||||||||||||||||||||||||
Special | |||||||||||||||||||||||||||||
Pass | Mention | Substandard | Doubtful | Total | |||||||||||||||||||||||||
Commercial, industrial, and agricultural | $ | 402,507 | $ | 5,509 | $ | 19,318 | $ | 381 | $ | 427,715 | |||||||||||||||||||
Commercial mortgages | 281,421 | 16,623 | 44,936 | 485 | 343,465 | ||||||||||||||||||||||||
Total | $ | 683,928 | $ | 22,132 | $ | 64,254 | $ | 866 | $ | 771,180 | |||||||||||||||||||
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 June 30, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||
Residential | Credit | Residential | Credit | ||||||||||||||||||||||||||
Real Estate | Consumer | Cards | Real Estate | Consumer | Cards | ||||||||||||||||||||||||
Performing | $ | 472,246 | $ | 64,298 | $ | 5,062 | $ | 456,575 | $ | 62,379 | $ | 5,041 | |||||||||||||||||
Non-performing | 4,940 | 1,016 | 53 | 2,539 | 1,112 | 24 | |||||||||||||||||||||||
Total | $ | 477,186 | $ | 65,314 | $ | 5,115 | $ | 459,114 | $ | 63,491 | $ | 5,065 | |||||||||||||||||
Summary of Holiday's Loan Portfolio Included in Consumer and Residential Loans | ' | ||||||||||||||||||||||||||||
Holiday’s loan portfolio is summarized as follows at June 30, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||
June 30, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Consumer | $ | 25,591 | $ | 24,891 | |||||||||||||||||||||||||
Residential real estate | 1,419 | 1,552 | |||||||||||||||||||||||||||
Less: unearned discount | (4,048 | ) | (3,896 | ) | |||||||||||||||||||||||||
Total | $ | 22,962 | $ | 22,547 | |||||||||||||||||||||||||
Deposits_Tables
Deposits (Tables) | 6 Months Ended | ||||||||||||
Jun. 30, 2014 | |||||||||||||
Banking And Thrift [Abstract] | ' | ||||||||||||
Total Deposits | ' | ||||||||||||
Total deposits at June 30, 2014 and December 31, 2013 are summarized as follows (in thousands): | |||||||||||||
Percentage | |||||||||||||
Change | June 30, 2014 | December 31, 2013 | |||||||||||
Checking, non-interest bearing | 1.8 | % | $ | 225,366 | $ | 221,293 | |||||||
Checking, interest bearing | 2.9 | % | 463,356 | 450,216 | |||||||||
Savings accounts | 7.1 | % | 961,393 | 898,043 | |||||||||
Certificates of deposit | -24.4 | % | 200,932 | 265,762 | |||||||||
0.9 | % | $ | 1,851,047 | $ | 1,835,314 | ||||||||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
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 share and per share data): | |||||||||||||||||
Three months ended | Six months ended | ||||||||||||||||
June 30, | June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Basic earnings per common share computation: | |||||||||||||||||
Net income per consolidated statements of income | $ | 5,617 | $ | 2,951 | $ | 10,783 | $ | 7,248 | |||||||||
Net earnings allocated to participating securities | (25 | ) | (15 | ) | (46 | ) | (34 | ) | |||||||||
Net earnings allocated to common stock | $ | 5,592 | $ | 2,936 | $ | 10,737 | $ | 7,214 | |||||||||
Distributed earnings allocated to common stock | $ | 2,375 | $ | 2,053 | $ | 4,751 | $ | 4,107 | |||||||||
Undistributed earnings allocated to common stock | 3,217 | 883 | 5,986 | 3,107 | |||||||||||||
Net earnings allocated to common stock | $ | 5,592 | $ | 2,936 | $ | 10,737 | $ | 7,214 | |||||||||
Weighted average common shares outstanding, including shares considered participating securities | 14,450 | 12,510 | 14,447 | 12,502 | |||||||||||||
Less: Average participating securities | (60 | ) | (57 | ) | (56 | ) | (53 | ) | |||||||||
Weighted average shares | 14,390 | 12,453 | 14,391 | 12,449 | |||||||||||||
Basic earnings per common share | $ | 0.39 | $ | 0.24 | $ | 0.75 | $ | 0.58 | |||||||||
Diluted earnings per common share computation: | |||||||||||||||||
Net earnings allocated to common stock | $ | 5,592 | $ | 2,936 | $ | 10,737 | $ | 7,214 | |||||||||
Weighted average common shares outstanding for basic earnings per common share | 14,390 | 12,453 | 14,391 | 12,449 | |||||||||||||
Add: Dilutive effects of assumed exercises of stock options | 1 | 1 | 2 | 1 | |||||||||||||
Weighted average shares and dilutive potential common shares | 14,391 | 12,454 | 14,393 | 12,450 | |||||||||||||
Diluted earnings per common share | $ | 0.39 | $ | 0.24 | $ | 0.75 | $ | 0.58 | |||||||||
Derivative_Instruments_Tables
Derivative Instruments (Tables) | 6 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
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 June 30, 2014 and December 31, 2013 and for the three and six months ended June 30, 2014 and 2013: | |||||||||||||||||
Fair value as of | |||||||||||||||||
Balance Sheet | June 30, | December 31, | |||||||||||||||
Location | 2014 | 2013 | |||||||||||||||
Interest rate contracts | Accrued interest and | ($1,089) | ($ | 1,116 | ) | ||||||||||||
other liabilities | |||||||||||||||||
For the Three Months | |||||||||||||||||
Ended June 30, 2014 | (a) | (b) | (c) | (d) | (e) | ||||||||||||
Interest rate contracts | $ | 17 | Interest expense – | ($ | 94 | ) | Other | $ | 0 | ||||||||
subordinated debentures | income | ||||||||||||||||
For the Six Months | |||||||||||||||||
Ended June 30, 2014 | (a) | (b) | (c) | (d) | (e) | ||||||||||||
Interest rate contracts | ($ | 7 | ) | Interest expense – | ($191) | Other | $ | 0 | |||||||||
subordinated debentures | income | ||||||||||||||||
For the Three Months | |||||||||||||||||
Ended June 30, 2013 | (a) | (b) | (c) | (d) | (e) | ||||||||||||
Interest rate contracts | $ | 245 | Interest expense – | ($ | 105 | ) | Other | $ | 0 | ||||||||
subordinated debentures | income | ||||||||||||||||
For the Six Months | |||||||||||||||||
Ended June 30, 2013 | (a) | (b) | (c) | (d) | (e) | ||||||||||||
Interest rate contracts | $ | 319 | Interest expense – | ($ | 202 | ) | Other | $ | 0 | ||||||||
subordinated 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) |
Stock_Compensation_Additional_
Stock Compensation - Additional Information (Detail) (USD $) | 3 Months Ended | 6 Months Ended | |||
In Thousands, except Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' |
Number of nonqualified options or restricted stock for key employees and independent director | 500,000 | ' | 500,000 | ' | ' |
Description of award terms | ' | ' | 'For key employees, the plan vesting is one-fourth of the granted options or restricted stock per year beginning one year after the grant date, with 100% vested by the fourth anniversary of the grant. For independent directors, the vesting schedule is one-third of the granted options or restricted stock per year beginning one year after the grant date, with 100% vested by the third anniversary of the grant. | ' | ' |
Unrecognized compensation cost related to nonvested stock options granted under this plan | $0 | ' | $0 | ' | ' |
Stock options, granted | 0 | 0 | 0 | 0 | ' |
Stock options that were fully vested and exercisable | 35,500 | ' | 35,500 | ' | 35,500 |
Compensation Expense | 75 | 103 | 283 | 186 | ' |
Key Employees [Member] | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' |
Beginning period of Vesting of stock based award | ' | ' | '1 year | ' | ' |
Stock incentive plan, vesting per year, portion | ' | ' | 0.25 | ' | ' |
Aggregate percentage of stock based awards to be matured | ' | ' | 100.00% | ' | ' |
Independent Directors [Member] | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' |
Beginning period of Vesting of stock based award | ' | ' | '1 year | ' | ' |
Stock incentive plan, vesting per year, portion | ' | ' | 0.33 | ' | ' |
Aggregate percentage of stock based awards to be matured | ' | ' | 100.00% | ' | ' |
Restricted Stock Units (RSUs) [Member] | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' |
Unrecognized compensation cost related to nonvested stock options granted | $992 | ' | $992 | ' | ' |
Stock_Compensation_Summary_of_
Stock Compensation - Summary of Changes in Nonvested Restricted Stock Awards (Detail) (USD $) | 3 Months Ended | 6 Months Ended |
Jun. 30, 2014 | Jun. 30, 2014 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ' |
Nonvested at beginning of period, Shares | 70,061 | 62,076 |
Granted, Shares | 0 | 35,400 |
Vested, Shares | 0 | -27,415 |
Nonvested at end of period, Shares | 70,061 | 70,061 |
Nonvested at beginning of period, Per Share Weighted Average Grant Date Fair Value | $16.80 | $16.25 |
Granted, Per Share Weighted Average Grant Date Fair Value | $0 | $17.19 |
Vested, Per Share Weighted Average Grant Date Fair Value | $0 | $16.05 |
Nonvested at end of period, Per Share Weighted Average Grant Date Fair Value | $16.80 | $16.80 |
Fair_Value_Assets_and_Liabilit
Fair Value - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Securities Available For Sale: | ' | ' |
Securities available for sale | $695,419 | $685,991 |
Trading Securities: | ' | ' |
Trading securities | 4,429 | 4,127 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 1,002 | 985 |
Trading Securities: | ' | ' |
Trading securities | 4,222 | 3,923 |
Liabilities: | ' | ' |
Interest rate swaps | 0 | 0 |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 693,619 | 684,345 |
Trading Securities: | ' | ' |
Trading securities | 207 | 204 |
Liabilities: | ' | ' |
Interest rate swaps | -1,089 | -1,116 |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 798 | 661 |
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 | 695,419 | 685,991 |
Trading Securities: | ' | ' |
Trading securities | 4,429 | 4,127 |
Fair Value Measurement on Recurring Basis [Member] | U.S. Government Sponsored Entities [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 167,176 | 181,625 |
Trading Securities: | ' | ' |
Trading securities | 54 | 52 |
Fair Value Measurement on Recurring Basis [Member] | States and Political Subdivisions [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 183,212 | 177,943 |
Fair Value Measurement on Recurring Basis [Member] | Residential and Multi-Family Mortgage [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 262,901 | 242,607 |
Fair Value Measurement on Recurring Basis [Member] | Commercial Mortgage [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 188 | 374 |
Fair Value Measurement on Recurring Basis [Member] | Corporate Notes and Bonds [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 14,484 | 14,075 |
Trading Securities: | ' | ' |
Trading securities | 153 | 152 |
Fair Value Measurement on Recurring Basis [Member] | Pooled Trust Preferred [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 798 | 661 |
Fair Value Measurement on Recurring Basis [Member] | Pooled SBA [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 65,658 | 67,721 |
Fair Value Measurement on Recurring Basis [Member] | Other Securities [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 1,002 | 985 |
Fair Value Measurement on Recurring Basis [Member] | Corporate Equity Securities [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 2,990 | 2,705 |
Fair Value Measurement on Recurring Basis [Member] | Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 978 | 965 |
Fair Value Measurement on Recurring Basis [Member] | Certificates of Deposit [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 254 | 253 |
Fair Value Measurement on Recurring Basis [Member] | Interest Rate Swaps [Member] | ' | ' |
Liabilities: | ' | ' |
Interest rate swaps | -1,089 | -1,116 |
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 | 1,002 | 985 |
Trading Securities: | ' | ' |
Trading securities | 4,222 | 3,923 |
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 | 0 |
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 | 1,002 | 985 |
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 | 2,990 | 2,705 |
Fair Value Measurement on Recurring Basis [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Mutual Funds [Member] | ' | ' |
Trading Securities: | ' | ' |
Trading securities | 978 | 965 |
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 | 254 | 253 |
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] | Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 695,419 | 684,345 |
Trading Securities: | ' | ' |
Trading securities | 207 | 204 |
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 | 167,176 | 181,625 |
Trading Securities: | ' | ' |
Trading securities | 54 | 52 |
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 | 183,212 | 177,943 |
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 | 262,901 | 242,607 |
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 | 188 | 374 |
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 | 14,484 | 14,075 |
Trading Securities: | ' | ' |
Trading securities | 153 | 152 |
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 | 65,658 | 67,721 |
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] | Mutual Funds [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] | Interest Rate Swaps [Member] | ' | ' |
Liabilities: | ' | ' |
Interest rate swaps | -1,089 | -1,116 |
Fair Value Measurement on Recurring Basis [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Securities Available For Sale: | ' | ' |
Securities available for sale | 798 | 661 |
Trading Securities: | ' | ' |
Trading securities | 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 | 0 |
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 | 798 | 661 |
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] | Mutual Funds [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] | Interest Rate Swaps [Member] | ' | ' |
Liabilities: | ' | ' |
Interest rate swaps | $0 | $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 $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Pooled Trust Preferred [Member] | ' | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' |
Beginning balance | $798 | $558 | $661 | $600 |
Total gains or (losses): | ' | ' | ' | ' |
Included in other comprehensive income (unrealized) | 0 | 72 | 137 | 30 |
Included in realized gains on available-for-sale securities | ' | 0 | ' | 0 |
Sale of available-for-sale securities | ' | 0 | ' | 0 |
Ending balance | 798 | 630 | 798 | 630 |
Corporate Notes and Bonds [Member] | ' | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' |
Beginning balance | ' | 2,067 | ' | 1,980 |
Total gains or (losses): | ' | ' | ' | ' |
Included in other comprehensive income (unrealized) | ' | -116 | ' | -29 |
Included in realized gains on available-for-sale securities | ' | 58 | ' | 58 |
Sale of available-for-sale securities | ' | -2,009 | ' | -2,009 |
Ending balance | ' | $0 | ' | $0 |
Fair_Value_Quantitative_Inform
Fair Value - Quantitative Information About Level 3 Fair Value Measurements (Detail) (Pooled Trust Preferred [Member], USD $) | 6 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value | 798 | 661 |
Collateral Default Rate [Member] | Discounted Cash Flow [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Input utilized two | '1.5% in 2014; 1.0% in 2015; 0.5% in 2016 and thereafter | '2% in 2014; 1.5% in 2015; 1.0% in 2016; 0.5% in 2017 and thereafter |
Yield [Member] | Discounted Cash Flow [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Input utilized one | 12.00% | 15.00% |
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 | '2.0% constant prepayment rate in 2014 and thereafter |
Fair_Value_Assets_and_Liabilit1
Fair Value - Assets and Liabilities Measured at Fair Value on Non-Recurring Basis (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Commercial Mortgages [Member] | ' | ' |
Impaired loans: | ' | ' |
Fair value assets and liabilities measured on a nonrecurring basis | $3,067 | $3,000 |
Commercial, Industrial, and Agricultural [Member] | ' | ' |
Impaired loans: | ' | ' |
Fair value assets and liabilities measured on a nonrecurring basis | 3,360 | 3,706 |
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 |
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 Unobservable Inputs (Level 3) [Member] | Commercial Mortgages [Member] | ' | ' |
Impaired loans: | ' | ' |
Fair value assets and liabilities measured on a nonrecurring basis | 3,067 | 3,000 |
Significant Unobservable Inputs (Level 3) [Member] | Commercial, Industrial, and Agricultural [Member] | ' | ' |
Impaired loans: | ' | ' |
Fair value assets and liabilities measured on a nonrecurring basis | $3,360 | $3,706 |
Fair_Value_Additional_Informat
Fair Value - Additional Information (Detail) (USD $) | 3 Months Ended | 6 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' |
Impaired loans, recorded investment | $19,151 | ' | $19,151 | ' | $18,308 |
Impaired loans allowance | 2,646 | ' | 2,646 | ' | 1,882 |
Collateral Dependent Loans [Member] | ' | ' | ' | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' |
Impaired loans, recorded investment | 8,547 | ' | 8,547 | ' | 8,161 |
Impaired loans allowance | 2,120 | ' | 2,120 | ' | 1,455 |
Impaired loans, additional provisions | $280 | $2,328 | $630 | $2,529 | ' |
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 $) | Jun. 30, 2014 | Dec. 31, 2013 |
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 | $3,067 | $3,000 |
Impaired Loans - Commercial Mortgages [Member] | Minimum [Member] | Sales Comparison Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Sales comparison approach | 13.00% | 17.00% |
Impaired Loans - Commercial Mortgages [Member] | Maximum [Member] | Sales Comparison Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Sales comparison approach | 61.00% | 61.00% |
Impaired Loans - Commercial Mortgages [Member] | Weighted Average [Member] | Sales Comparison Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Sales comparison approach | -35.00% | -22.00% |
Impaired Loans - Commercial, Industrial, and Agricultural [Member] | Sales Comparison Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair value | 3,360 | 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 |
Impaired Loans - Commercial, Industrial, and Agricultural [Member] | Minimum [Member] | Sales Comparison Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Sales comparison approach | 9.00% | ' |
Impaired Loans - Commercial, Industrial, and Agricultural [Member] | Maximum [Member] | Sales Comparison Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Sales comparison approach | 28.00% | 9.00% |
Impaired Loans - Commercial, Industrial, and Agricultural [Member] | Maximum [Member] | Income Approach Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Income approach | ' | 2.00% |
Impaired Loans - Commercial, Industrial, and Agricultural [Member] | Weighted Average [Member] | Sales Comparison Valuation Technique [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Sales comparison approach | -9.00% | ' |
Fair_Value_Carrying_Amount_and
Fair Value - Carrying Amount and Fair Value of Financial Instruments (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||
ASSETS | ' | ' | ' | ' |
Cash and cash equivalents | $34,351 | $29,633 | $24,794 | $31,881 |
Interest bearing time deposits with other banks | 225 | 275 | ' | ' |
Securities available for sale | 695,419 | 685,991 | ' | ' |
Trading securities | 4,429 | 4,127 | ' | ' |
Loans held for sale | 942 | 487 | ' | ' |
Net loans | 1,290,916 | 1,279,129 | ' | ' |
FHLB and other equity interests | 9,040 | 7,533 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Deposits | -1,851,047 | -1,835,314 | ' | ' |
Subordinated debentures | -20,620 | -20,620 | ' | ' |
Carrying Amount [Member] | ' | ' | ' | ' |
ASSETS | ' | ' | ' | ' |
Cash and cash equivalents | 34,351 | 29,633 | ' | ' |
Interest bearing time deposits with other banks | 225 | 275 | ' | ' |
Securities available for sale | 695,419 | 685,991 | ' | ' |
Trading securities | 4,429 | 4,127 | ' | ' |
Loans held for sale | 942 | 487 | ' | ' |
Net loans | 1,290,916 | 1,279,129 | ' | ' |
FHLB and other equity interests | 9,040 | 7,533 | ' | ' |
Accrued interest receivable | 7,533 | 8,032 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Deposits | -1,851,047 | -1,835,314 | ' | ' |
FHLB and other borrowings | -85,608 | -87,950 | ' | ' |
Subordinated debentures | -20,620 | -20,620 | ' | ' |
Interest rate swaps | -1,089 | -1,116 | ' | ' |
Accrued interest payable | -800 | -868 | ' | ' |
Total Fair Value [Member] | ' | ' | ' | ' |
ASSETS | ' | ' | ' | ' |
Cash and cash equivalents | 34,351 | 29,633 | ' | ' |
Interest bearing time deposits with other banks | 225 | 274 | ' | ' |
Securities available for sale | 695,419 | 685,991 | ' | ' |
Trading securities | 4,429 | 4,127 | ' | ' |
Loans held for sale | 942 | 507 | ' | ' |
Net loans | 1,290,449 | 1,276,622 | ' | ' |
Accrued interest receivable | 7,533 | 8,032 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Deposits | -1,850,673 | -1,834,789 | ' | ' |
FHLB and other borrowings | -85,703 | -87,833 | ' | ' |
Subordinated debentures | -11,275 | -11,178 | ' | ' |
Interest rate swaps | -1,089 | -1,116 | ' | ' |
Accrued interest payable | -800 | -868 | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' | ' | ' |
ASSETS | ' | ' | ' | ' |
Cash and cash equivalents | 34,351 | 29,633 | ' | ' |
Interest bearing time deposits with other banks | 0 | 0 | ' | ' |
Securities available for sale | 1,002 | 985 | ' | ' |
Trading securities | 4,222 | 3,923 | ' | ' |
Loans held for sale | 0 | 0 | ' | ' |
Net loans | 0 | 0 | ' | ' |
Accrued interest receivable | 5 | 368 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Deposits | -1,650,115 | -1,569,552 | ' | ' |
FHLB and other borrowings | 0 | 0 | ' | ' |
Subordinated debentures | 0 | 0 | ' | ' |
Interest rate swaps | 0 | 0 | ' | ' |
Accrued interest payable | -332 | -200 | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' | ' |
ASSETS | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | ' | ' |
Interest bearing time deposits with other banks | 225 | 274 | ' | ' |
Securities available for sale | 693,619 | 684,345 | ' | ' |
Trading securities | 207 | 204 | ' | ' |
Loans held for sale | 942 | 507 | ' | ' |
Net loans | 0 | 0 | ' | ' |
Accrued interest receivable | 3,607 | 3,302 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Deposits | -200,558 | -265,237 | ' | ' |
FHLB and other borrowings | -85,703 | -87,833 | ' | ' |
Subordinated debentures | -11,275 | -11,178 | ' | ' |
Interest rate swaps | -1,089 | -1,116 | ' | ' |
Accrued interest payable | -453 | -653 | ' | ' |
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 | 798 | 661 | ' | ' |
Trading securities | 0 | 0 | ' | ' |
Loans held for sale | 0 | 0 | ' | ' |
Net loans | 1,290,449 | 1,276,622 | ' | ' |
Accrued interest receivable | 3,921 | 4,362 | ' | ' |
LIABILITIES | ' | ' | ' | ' |
Deposits | 0 | 0 | ' | ' |
FHLB and other borrowings | 0 | 0 | ' | ' |
Subordinated debentures | 0 | 0 | ' | ' |
Interest rate swaps | 0 | 0 | ' | ' |
Accrued interest payable | ($15) | ($15) | ' | ' |
Securities_Securities_Availabl
Securities - Securities Available for Sale (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | $695,716 | $697,738 |
Unrealized Gains | 13,512 | 9,827 |
Unrealized Losses | -13,809 | -21,574 |
Fair Value | 695,419 | 685,991 |
U.S. Government Sponsored Entities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 168,144 | 185,205 |
Unrealized Gains | 4,279 | 2,894 |
Unrealized Losses | -5,247 | -6,474 |
Fair Value | 167,176 | 181,625 |
States and Political Subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 178,078 | 176,490 |
Unrealized Gains | 5,849 | 3,770 |
Unrealized Losses | -715 | -2,317 |
Fair Value | 183,212 | 177,943 |
Residential and Multi-Family Mortgage [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 264,882 | 248,017 |
Unrealized Gains | 2,432 | 2,410 |
Unrealized Losses | -4,413 | -7,820 |
Fair Value | 262,901 | 242,607 |
Commercial Mortgage [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 193 | 385 |
Unrealized Gains | 0 | 0 |
Unrealized Losses | -5 | -11 |
Fair Value | 188 | 374 |
Corporate Notes and Bonds [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 15,748 | 15,744 |
Unrealized Gains | 116 | 65 |
Unrealized Losses | -1,380 | -1,734 |
Fair Value | 14,484 | 14,075 |
Pooled Trust Preferred [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 800 | 800 |
Unrealized Gains | 0 | 0 |
Unrealized Losses | -2 | -139 |
Fair Value | 798 | 661 |
Pooled SBA [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 66,851 | 70,077 |
Unrealized Gains | 836 | 688 |
Unrealized Losses | -2,029 | -3,044 |
Fair Value | 65,658 | 67,721 |
Other Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 1,020 | 1,020 |
Unrealized Gains | 0 | 0 |
Unrealized Losses | -18 | -35 |
Fair Value | $1,002 | $985 |
Securities_Additional_Informat
Securities - Additional Information (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | Securities | Securities | Four Structured Pool Trust Securities [Member] | Four Structured Pool Trust Securities [Member] | Four Structured Pool Trust Securities [Member] | Four Structured Pool Trust Securities [Member] | Pooled Trust Preferred [Member] | Pooled Trust Preferred [Member] |
Securities | Securities | |||||||
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Number of securities holdings | 0 | ' | ' | ' | ' | ' | ' | ' |
Shareholders' equity percentage | 10.00% | ' | ' | ' | ' | ' | ' | ' |
Number of pooled trust securities | ' | ' | 1 | ' | 1 | ' | ' | ' |
Amortized Cost | $695,716 | $697,738 | ' | ' | ' | ' | $800 | $800 |
Fair Value | 695,419 | 685,991 | ' | ' | ' | ' | 798 | 661 |
Other than temporary impairment recognized in earnings for available for sale securities | ' | ' | 0 | 0 | 0 | 0 | ' | ' |
Number of structured pooled trust preferred securities deemed to be other-than-temporarily impaired | 4 | 4 | ' | ' | ' | ' | ' | ' |
Securities | $332,626 | $353,102 | ' | ' | ' | ' | ' | ' |
Securities_Trading_Securities_
Securities - Trading Securities (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Trading securities | $4,429 | $4,127 |
Corporate Equity Securities [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Trading securities | 2,990 | 2,705 |
Mutual Funds [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Trading securities | 978 | 965 |
Certificates of Deposit [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Trading securities | 254 | 253 |
Corporate Notes and Bonds [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Trading securities | 153 | 152 |
U.S. Government Sponsored Entities [Member] | ' | ' |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ' | ' |
Trading securities | $54 | $52 |
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 $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | $78,247 | $341,633 |
Less than 12 Months, Unrealized Loss | -2,444 | -16,734 |
12 Months or More, Fair Value | 271,138 | 58,496 |
12 Months or More, Unrealized Loss | -11,365 | -4,840 |
Total, Fair Value | 349,385 | 400,129 |
Total, Unrealized Loss | -13,809 | -21,574 |
U.S. Government Sponsored Entities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 4,857 | 95,677 |
Less than 12 Months, Unrealized Loss | -1,604 | -5,394 |
12 Months or More, Fair Value | 97,377 | 17,964 |
12 Months or More, Unrealized Loss | -3,643 | -1,080 |
Total, Fair Value | 102,234 | 113,641 |
Total, Unrealized Loss | -5,247 | -6,474 |
States and Political Subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 8,527 | 57,526 |
Less than 12 Months, Unrealized Loss | -34 | -2,192 |
12 Months or More, Fair Value | 23,517 | 5,324 |
12 Months or More, Unrealized Loss | -681 | -125 |
Total, Fair Value | 32,044 | 62,850 |
Total, Unrealized Loss | -715 | -2,317 |
Residential and Multi-Family Mortgage [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 61,870 | 150,229 |
Less than 12 Months, Unrealized Loss | -779 | -6,806 |
12 Months or More, Fair Value | 101,485 | 16,608 |
12 Months or More, Unrealized Loss | -3,634 | -1,014 |
Total, Fair Value | 163,355 | 166,837 |
Total, Unrealized Loss | -4,413 | -7,820 |
Commercial Mortgage [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 0 | 374 |
Less than 12 Months, Unrealized Loss | 0 | -11 |
12 Months or More, Fair Value | 188 | 0 |
12 Months or More, Unrealized Loss | -5 | 0 |
Total, Fair Value | 188 | 374 |
Total, Unrealized Loss | -5 | -11 |
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 | 8,020 | 9,662 |
12 Months or More, Unrealized Loss | -1,380 | -1,734 |
Total, Fair Value | 8,020 | 9,662 |
Total, Unrealized Loss | -1,380 | -1,734 |
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 | 798 | 661 |
12 Months or More, Unrealized Loss | -2 | -139 |
Total, Fair Value | 798 | 661 |
Total, Unrealized Loss | -2 | -139 |
Pooled SBA [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 1,991 | 36,842 |
Less than 12 Months, Unrealized Loss | -9 | -2,296 |
12 Months or More, Fair Value | 39,753 | 8,277 |
12 Months or More, Unrealized Loss | -2,020 | -748 |
Total, Fair Value | 41,744 | 45,119 |
Total, Unrealized Loss | -2,029 | -3,044 |
Other Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Less than 12 Months, Fair Value | 1,002 | 985 |
Less than 12 Months, Unrealized Loss | -18 | -35 |
12 Months or More, Fair Value | 0 | 0 |
12 Months or More, Unrealized Loss | 0 | 0 |
Total, Fair Value | 1,002 | 985 |
Total, Unrealized Loss | ($18) | ($35) |
Securities_RollForward_of_Othe
Securities - Roll-Forward of Other-Than-Temporary Impairment Amount Related to Credit Losses (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
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 | $4,054 | $4,054 |
Additional credit loss for which other-than-temporary impairment was not previously recognized | 0 | 0 | 0 | 0 |
Additional credit loss for which other-than-temporary impairment was previously recognized | 0 | 0 | 0 | 0 |
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 | $4,054 |
Securities_Information_Pertain
Securities - Information Pertaining to Security Sales (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Investments Debt And Equity Securities [Abstract] | ' | ' | ' | ' |
Proceeds | $16,177 | $32,348 | $29,128 | $33,672 |
Gross Gains | 138 | 746 | 287 | 822 |
Gross Losses | $0 | ($494) | ($83) | ($494) |
Securities_Schedule_of_Contrac
Securities - Schedule of Contractual Maturity of Securities Available for Sale, Excluding Equity Securities (Detail) (USD $) | Jun. 30, 2014 |
In Thousands, unless otherwise specified | |
Schedule of Available-for-sale Securities [Line Items] | ' |
1 year or less, Amortized Cost | $29,494 |
1 year - 5 years, Amortized Cost | 149,072 |
5 years - 10 years, Amortized Cost | 145,065 |
After 10 years, Amortized Cost | 39,139 |
Total, Amortized Cost | 362,770 |
1 year or less, Fair Value | 29,090 |
1 year - 5 years, Fair Value | 151,616 |
5 years - 10 years, Fair Value | 146,310 |
After 10 years, Fair Value | 38,654 |
Total, Fair Value | 365,670 |
Total debt securities, Amortized Cost | 694,696 |
Total debt securities, Fair Value | 694,417 |
Residential and Multi-Family Mortgage [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Mortgage & asset backed securities, Amortized Cost | 264,882 |
Mortgage & asset backed securities, Fair Value | 262,901 |
Pooled SBA [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Mortgage & asset backed securities, Amortized Cost | 66,851 |
Mortgage & asset backed securities, Fair Value | 65,658 |
Commercial Mortgage [Member] | ' |
Schedule of Available-for-sale Securities [Line Items] | ' |
Mortgage & asset backed securities, Amortized Cost | 193 |
Mortgage & asset backed securities, Fair Value | $188 |
Loans_Schedule_of_Net_Loans_De
Loans - Schedule of Net Loans (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Receivables [Abstract] | ' | ' |
Commercial, industrial, and agricultural | $422,399 | $427,715 |
Commercial mortgages | 342,048 | 343,465 |
Residential real estate | 477,186 | 459,114 |
Consumer | 65,314 | 63,491 |
Credit cards | 5,115 | 5,065 |
Overdrafts | 317 | 409 |
Less: unearned discount | -4,048 | -3,896 |
Less: allowance for loan losses | -17,415 | -16,234 |
Net loans | $1,290,916 | $1,279,129 |
Loans_Additional_Information_D
Loans - Additional Information (Detail) (USD $) | 6 Months Ended | 12 Months Ended | 3 Months Ended | 6 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | ||||||
Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 31, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | |
Loans | Loans | Trouble Debt Restructuring [Member] | Trouble Debt Restructuring [Member] | Trouble Debt Restructuring [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Commercial Mortgage Loan One [Member] | Commercial Mortgage Loan One [Member] | Commercial Mortgage Loan One [Member] | Commercial Mortgage Loan One [Member] | Commercial Mortgage Loan One [Member] | Commercial, Industrial, and Agricultural [Member] | Commercial, Industrial, and Agricultural [Member] | Commercial Mortgages [Member] | Residential Real Estate [Member] | |
Loans | Loans | Loans | |||||||||||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net unamortized loan costs and fees | $830,000 | $911,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of comprised loan, commercial, industrial and agricultural loans | 33.00% | 33.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of comprised loan, commercial mortgage loans | 27.00% | 27.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Risk rating to commercial loans | 250,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
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% | 36.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum percentage of consumer loan and credit card in portfolio | ' | ' | ' | ' | ' | 10.00% | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan portfolio segment reclassification | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 66,000,000 | 70,000,000 | 54,000,000 | 12,000,000 |
Number of Loans | 12 | 12 | 0 | 0 | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reduction in stated interest rate modification having loan range period | ' | ' | ' | ' | ' | '15 years | ' | '4 years | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Extension of maturity date modification having loan range period | ' | ' | ' | ' | ' | '18 years | ' | '4 years | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum period to be considered for loan to have defaulted | '90 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal balances forgiven in connection with loan restructurings | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Troubled debt restructuring charged off | ' | ' | ' | ' | ' | ' | ' | ' | ' | 595,000 | ' | ' | ' | ' | ' | ' | ' |
Commercial mortgage loan balance amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,086,000 | 1,660,000 | ' | ' | ' | ' |
Additional provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | $0 | ' | $135,000 | $615,000 | ' | ' | ' | ' | ' |
Outstanding balance of semi annual loans | 'Greater than $1 million | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding balance of annual loans | 'Less than $1 million | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans_Allowance_for_Loan_Losse
Loans - Allowance for Loan Losses (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Allowances for loan losses, Beginning Balance | $16,674 | $13,897 | $16,234 | $14,060 |
Charge-offs | -830 | -1,583 | -1,480 | -2,752 |
Recoveries | 70 | 71 | 141 | 147 |
Provision (benefit) for loan losses | 1,501 | 3,115 | 2,520 | 4,045 |
Allowances for loan losses, Ending Balance | 17,415 | 15,500 | 17,415 | 15,500 |
Commercial, Industrial, and Agricultural [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Allowances for loan losses, Beginning Balance | 8,278 | 5,271 | 8,212 | 4,940 |
Charge-offs | -319 | -84 | -319 | -84 |
Recoveries | 1 | 7 | 1 | 7 |
Provision (benefit) for loan losses | 136 | 144 | 202 | 475 |
Allowances for loan losses, Ending Balance | 8,096 | 5,338 | 8,096 | 5,338 |
Commercial Mortgages [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Allowances for loan losses, Beginning Balance | 3,704 | 4,299 | 3,536 | 4,697 |
Charge-offs | 0 | -923 | -50 | -1,530 |
Recoveries | 10 | 2 | 10 | 3 |
Provision (benefit) for loan losses | 867 | 2,518 | 1,085 | 2,726 |
Allowances for loan losses, Ending Balance | 4,581 | 5,896 | 4,581 | 5,896 |
Residential Real Estate [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Allowances for loan losses, Beginning Balance | 2,455 | 2,395 | 2,450 | 2,466 |
Charge-offs | -76 | -169 | -198 | -341 |
Recoveries | 0 | 3 | 19 | 4 |
Provision (benefit) for loan losses | 88 | 279 | 196 | 379 |
Allowances for loan losses, Ending Balance | 2,467 | 2,508 | 2,467 | 2,508 |
Consumer [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Allowances for loan losses, Beginning Balance | 1,972 | 1,707 | 1,763 | 1,699 |
Charge-offs | -369 | -346 | -768 | -677 |
Recoveries | 31 | 33 | 53 | 74 |
Provision (benefit) for loan losses | 362 | 161 | 948 | 459 |
Allowances for loan losses, Ending Balance | 1,996 | 1,555 | 1,996 | 1,555 |
Credit Cards [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Allowances for loan losses, Beginning Balance | 68 | 77 | 66 | 83 |
Charge-offs | -2 | -17 | -23 | -29 |
Recoveries | 1 | 8 | 3 | 10 |
Provision (benefit) for loan losses | 21 | -13 | 42 | -9 |
Allowances for loan losses, Ending Balance | 88 | 55 | 88 | 55 |
Overdrafts [Member] | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' |
Allowances for loan losses, Beginning Balance | 197 | 148 | 207 | 175 |
Charge-offs | -64 | -44 | -122 | -91 |
Recoveries | 27 | 18 | 55 | 49 |
Provision (benefit) for loan losses | 27 | 26 | 47 | 15 |
Allowances for loan losses, Ending Balance | $187 | $148 | $187 | $148 |
Loans_Allowance_for_Loan_Losse1
Loans - Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment (Detail) (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||||
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, Individually evaluated for impairment | $863 | ' | $427 | ' | ' | ' |
Allowance for loan losses, Collectively evaluated for impairment | 14,769 | ' | 14,352 | ' | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | 0 | ' | ' | ' |
Allowance for loan losses, Modified in a troubled debt restructuring | 1,783 | ' | 1,455 | ' | ' | ' |
Total ending allowance balance | 17,415 | 16,674 | 16,234 | 15,500 | 13,897 | 14,060 |
Loans: | ' | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 7,404 | ' | 6,172 | ' | ' | ' |
Loans collectively evaluated for impairment | 1,291,001 | ' | 1,278,726 | ' | ' | ' |
Acquired with deteriorated credit quality | 2,227 | ' | 2,225 | ' | ' | ' |
Loans modified in a troubled debt restructuring | 11,747 | ' | 12,136 | ' | ' | ' |
Total ending loans balance | 1,312,379 | ' | 1,299,259 | ' | ' | ' |
Commercial, Industrial, and Agricultural [Member] | ' | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, Individually evaluated for impairment | 352 | ' | 372 | ' | ' | ' |
Allowance for loan losses, Collectively evaluated for impairment | 7,632 | ' | 7,725 | ' | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | 0 | ' | ' | ' |
Allowance for loan losses, Modified in a troubled debt restructuring | 112 | ' | 115 | ' | ' | ' |
Total ending allowance balance | 8,096 | 8,278 | 8,212 | 5,338 | 5,271 | 4,940 |
Loans: | ' | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 4,537 | ' | 4,923 | ' | ' | ' |
Loans collectively evaluated for impairment | 416,163 | ' | 421,002 | ' | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | 0 | ' | ' | ' |
Loans modified in a troubled debt restructuring | 1,699 | ' | 1,790 | ' | ' | ' |
Total ending loans balance | 422,399 | ' | 427,715 | ' | ' | ' |
Commercial Mortgages [Member] | ' | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, Individually evaluated for impairment | 307 | ' | 55 | ' | ' | ' |
Allowance for loan losses, Collectively evaluated for impairment | 2,603 | ' | 2,141 | ' | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | 0 | ' | ' | ' |
Allowance for loan losses, Modified in a troubled debt restructuring | 1,671 | ' | 1,340 | ' | ' | ' |
Total ending allowance balance | 4,581 | 3,704 | 3,536 | 5,896 | 4,299 | 4,697 |
Loans: | ' | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 2,467 | ' | 1,249 | ' | ' | ' |
Loans collectively evaluated for impairment | 327,306 | ' | 329,645 | ' | ' | ' |
Acquired with deteriorated credit quality | 2,227 | ' | 2,225 | ' | ' | ' |
Loans modified in a troubled debt restructuring | 10,048 | ' | 10,346 | ' | ' | ' |
Total ending loans balance | 342,048 | ' | 343,465 | ' | ' | ' |
Residential Real Estate [Member] | ' | ' | ' | ' | ' | ' |
Ending allowance balance attributable to loans: | ' | ' | ' | ' | ' | ' |
Allowance for loan losses, Individually evaluated for impairment | 204 | ' | 0 | ' | ' | ' |
Allowance for loan losses, Collectively evaluated for impairment | 2,263 | ' | 2,450 | ' | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | 0 | ' | ' | ' |
Allowance for loan losses, Modified in a troubled debt restructuring | 0 | ' | 0 | ' | ' | ' |
Total ending allowance balance | 2,467 | 2,455 | 2,450 | 2,508 | 2,395 | 2,466 |
Loans: | ' | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 400 | ' | 0 | ' | ' | ' |
Loans collectively evaluated for impairment | 476,786 | ' | 459,114 | ' | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | 0 | ' | ' | ' |
Loans modified in a troubled debt restructuring | 0 | ' | 0 | ' | ' | ' |
Total ending loans balance | 477,186 | ' | 459,114 | ' | ' | ' |
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 | 1,996 | ' | 1,763 | ' | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | 0 | ' | ' | ' |
Allowance for loan losses, Modified in a troubled debt restructuring | 0 | ' | 0 | ' | ' | ' |
Total ending allowance balance | 1,996 | 1,972 | 1,763 | 1,555 | 1,707 | 1,699 |
Loans: | ' | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 0 | ' | 0 | ' | ' | ' |
Loans collectively evaluated for impairment | 65,314 | ' | 63,491 | ' | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | 0 | ' | ' | ' |
Loans modified in a troubled debt restructuring | 0 | ' | 0 | ' | ' | ' |
Total ending loans balance | 65,314 | ' | 63,491 | ' | ' | ' |
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 | 88 | ' | 66 | ' | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | 0 | ' | ' | ' |
Allowance for loan losses, Modified in a troubled debt restructuring | 0 | ' | 0 | ' | ' | ' |
Total ending allowance balance | 88 | 68 | 66 | 55 | 77 | 83 |
Loans: | ' | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 0 | ' | 0 | ' | ' | ' |
Loans collectively evaluated for impairment | 5,115 | ' | 5,065 | ' | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | 0 | ' | ' | ' |
Loans modified in a troubled debt restructuring | 0 | ' | 0 | ' | ' | ' |
Total ending loans balance | 5,115 | ' | 5,065 | ' | ' | ' |
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 | 187 | ' | 207 | ' | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | 0 | ' | ' | ' |
Allowance for loan losses, Modified in a troubled debt restructuring | 0 | ' | 0 | ' | ' | ' |
Total ending allowance balance | 187 | 197 | 207 | 148 | 148 | 175 |
Loans: | ' | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | 0 | ' | 0 | ' | ' | ' |
Loans collectively evaluated for impairment | 317 | ' | 409 | ' | ' | ' |
Acquired with deteriorated credit quality | 0 | ' | 0 | ' | ' | ' |
Loans modified in a troubled debt restructuring | 0 | ' | 0 | ' | ' | ' |
Total ending loans balance | $317 | ' | $409 | ' | ' | ' |
Loans_Loans_Individually_Evalu
Loans - Loans Individually Evaluated for Impairment Including Loans Modified in Troubled Debt Restructurings by Portfolio Segment (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance, Total | $21,867 | $19,808 |
Recorded Investment, Total | 19,151 | 18,308 |
Allowance for Loan Losses Allocated | 2,646 | 1,882 |
Commercial, Industrial, and Agricultural [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance, Related Allowance | 4,045 | 5,929 |
Recorded Investment, Related Allowance | 3,995 | 4,679 |
Allowance for Loan Losses Allocated | 465 | 487 |
Unpaid Principal Balance, No Related Allowance | 4,579 | 2,055 |
Recorded Investment, No Related Allowance | 2,242 | 2,034 |
Allowance for Loan Losses Allocated, No Related Allowance | 0 | 0 |
Commercial Mortgages [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance, Related Allowance | 5,938 | 5,646 |
Recorded Investment, Related Allowance | 5,609 | 5,443 |
Allowance for Loan Losses Allocated | 1,977 | 1,395 |
Unpaid Principal Balance, No Related Allowance | 6,905 | 6,178 |
Recorded Investment, No Related Allowance | 6,905 | 6,152 |
Allowance for Loan Losses Allocated, No Related Allowance | 0 | 0 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Unpaid Principal Balance, Related Allowance | 400 | 0 |
Recorded Investment, Related Allowance | 400 | 0 |
Allowance for Loan Losses Allocated | 204 | 0 |
Unpaid Principal Balance, No Related Allowance | 0 | 0 |
Recorded Investment, No Related Allowance | 0 | 0 |
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 $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Average Recorded Investment, Total | $18,403 | $24,193 | $18,371 | $25,418 |
Interest Income Recognized, Total | 4 | 3 | 13 | 7 |
Cash Basis Interest Recognized, Total | 4 | 3 | 13 | 7 |
Commercial, Industrial, and Agricultural [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Average Recorded Investment, Related Allowance | 4,318 | 1,459 | 4,438 | 1,621 |
Interest Income Recognized, Related Allowance | 1 | 1 | 2 | 1 |
Cash Basis Interest Recognized, Related Allowance | 1 | 1 | 2 | 1 |
Average Recorded Investment, No Related Allowance | 2,234 | 2,172 | 2,167 | 2,184 |
Interest Income Recognized, No Related Allowance | 0 | 0 | 0 | 0 |
Cash Basis Interest Recognized, No Related Allowance | 0 | 0 | 0 | 0 |
Commercial Mortgages [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Average Recorded Investment, Related Allowance | 5,402 | 5,787 | 5,416 | 6,009 |
Interest Income Recognized, Related Allowance | 0 | 0 | 0 | 3 |
Cash Basis Interest Recognized, Related Allowance | 0 | 0 | 0 | 3 |
Average Recorded Investment, No Related Allowance | 6,249 | 14,637 | 6,217 | 15,270 |
Interest Income Recognized, No Related Allowance | 0 | 0 | 0 | 0 |
Cash Basis Interest Recognized, No Related Allowance | 0 | 0 | 0 | 0 |
Residential Real Estate [Member] | ' | ' | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' | ' | ' |
Average Recorded Investment, Related Allowance | 200 | 62 | 133 | 191 |
Interest Income Recognized, Related Allowance | 3 | 2 | 11 | 3 |
Cash Basis Interest Recognized, Related Allowance | 3 | 2 | 11 | 3 |
Average Recorded Investment, No Related Allowance | 0 | 76 | 0 | 143 |
Interest Income Recognized, No Related Allowance | 0 | 0 | 0 | 0 |
Cash Basis Interest Recognized, No Related Allowance | $0 | $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 $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Nonaccrual | $11,667 | $11,573 |
Past Due Over 90 Days Still on Accrual | 705 | 344 |
Commercial, Industrial, and Agricultural [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Nonaccrual | 1,491 | 1,006 |
Past Due Over 90 Days Still on Accrual | 319 | 0 |
Commercial Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Nonaccrual | 4,553 | 7,236 |
Past Due Over 90 Days Still on Accrual | 0 | 0 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Nonaccrual | 4,614 | 2,389 |
Past Due Over 90 Days Still on Accrual | 326 | 150 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Nonaccrual | 1,009 | 942 |
Past Due Over 90 Days Still on Accrual | 7 | 170 |
Credit Cards [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Nonaccrual | 0 | 0 |
Past Due Over 90 Days Still on Accrual | $53 | $24 |
Loans_Aging_of_Recorded_Invest
Loans - Aging of Recorded Investment in Past Due Loans (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | $5,456 | $6,019 |
60-89 Days Past Due | 3,064 | 2,447 |
Greater Than 90 Days Past Due | 11,440 | 11,766 |
Total Past Due | 19,960 | 20,232 |
Loans Not Past Due | 1,292,419 | 1,279,027 |
Total | 1,312,379 | 1,299,259 |
Commercial, Industrial, and Agricultural [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 442 | 211 |
60-89 Days Past Due | 1,708 | 542 |
Greater Than 90 Days Past Due | 1,643 | 855 |
Total Past Due | 3,793 | 1,608 |
Loans Not Past Due | 418,606 | 426,107 |
Total | 422,399 | 427,715 |
Commercial Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 1,213 | 1,258 |
60-89 Days Past Due | 129 | 713 |
Greater Than 90 Days Past Due | 4,553 | 7,236 |
Total Past Due | 5,895 | 9,207 |
Loans Not Past Due | 336,153 | 334,258 |
Total | 342,048 | 343,465 |
Residential Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 3,648 | 4,216 |
60-89 Days Past Due | 1,074 | 114 |
Greater Than 90 Days Past Due | 4,940 | 2,539 |
Total Past Due | 9,662 | 6,869 |
Loans Not Past Due | 467,524 | 452,245 |
Total | 477,186 | 459,114 |
Consumer [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 153 | 334 |
60-89 Days Past Due | 50 | 1,049 |
Greater Than 90 Days Past Due | 251 | 1,112 |
Total Past Due | 454 | 2,495 |
Loans Not Past Due | 64,860 | 60,996 |
Total | 65,314 | 63,491 |
Credit Cards [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 0 | 0 |
60-89 Days Past Due | 103 | 29 |
Greater Than 90 Days Past Due | 53 | 24 |
Total Past Due | 156 | 53 |
Loans Not Past Due | 4,959 | 5,012 |
Total | 5,115 | 5,065 |
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 | 317 | 409 |
Total | $317 | $409 |
Loans_Restructured_in_Troubled
Loans - Restructured in Troubled Debt (Detail) (USD $) | 6 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Loans | Loans | |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 12 | 12 |
Loans Balance | $11,747 | $12,136 |
Specific Reserve | 1,783 | 1,455 |
Commercial, Industrial, and Agricultural [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 5 | 5 |
Loans Balance | 1,699 | 1,790 |
Specific Reserve | 112 | 115 |
Commercial Mortgages [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Loans | 7 | 7 |
Loans Balance | 10,048 | 10,346 |
Specific Reserve | 1,671 | 1,340 |
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 $) | 6 Months Ended | 12 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | ||||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 |
Loans | Loans | Trouble Debt Restructuring [Member] | Trouble Debt Restructuring [Member] | Trouble Debt Restructuring [Member] | Commercial, Industrial, and Agricultural [Member] | Commercial, Industrial, and Agricultural [Member] | Commercial, Industrial, and Agricultural [Member] | Commercial Mortgages [Member] | Commercial Mortgages [Member] | Commercial Mortgages [Member] | Residential Real Estate [Member] | Residential Real Estate [Member] | Residential Real Estate [Member] | Consumer [Member] | Consumer [Member] | Consumer [Member] | Credit Cards [Member] | Credit Cards [Member] | Credit Cards [Member] | |
Loans | Loans | Loans | Loans | Loans | Trouble Debt Restructuring [Member] | Loans | Loans | Trouble Debt Restructuring [Member] | Loans | Loans | Trouble Debt Restructuring [Member] | Loans | Loans | Trouble Debt Restructuring [Member] | Loans | Loans | Trouble Debt Restructuring [Member] | |||
Loans | Loans | Loans | Loans | Loans | ||||||||||||||||
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Loans | 12 | 12 | 0 | 0 | 1 | 5 | 5 | 0 | 7 | 7 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Pre-Modification Outstanding Recorded Investment | ' | ' | ' | ' | $346 | ' | ' | $0 | ' | ' | $346 | ' | ' | $0 | ' | ' | $0 | ' | ' | $0 |
Post-Modification Outstanding Recorded Investment | ' | ' | ' | ' | $403 | ' | ' | $0 | ' | ' | $403 | ' | ' | $0 | ' | ' | $0 | ' | ' | $0 |
Loans_Schedule_of_Loan_Assigne
Loans - Schedule of Loan Assigned Risk Rating within 12 Months of Balance Sheet Date (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | $764,447 | $771,180 |
Commercial, Industrial, and Agricultural [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 422,399 | 427,715 |
Commercial Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 342,048 | 343,465 |
Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 694,263 | 683,928 |
Pass [Member] | Commercial, Industrial, and Agricultural [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 396,268 | 402,507 |
Pass [Member] | Commercial Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 297,995 | 281,421 |
Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 7,090 | 22,132 |
Special Mention [Member] | Commercial, Industrial, and Agricultural [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 4,233 | 5,509 |
Special Mention [Member] | Commercial Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 2,857 | 16,623 |
Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 62,317 | 64,254 |
Substandard [Member] | Commercial, Industrial, and Agricultural [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 21,565 | 19,318 |
Substandard [Member] | Commercial Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 40,752 | 44,936 |
Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 777 | 866 |
Doubtful [Member] | Commercial, Industrial, and Agricultural [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | 333 | 381 |
Doubtful [Member] | Commercial Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable recorded investment | $444 | $485 |
Loans_Recorded_Investment_in_R
Loans - Recorded Investment in Residential, Consumer and Credit Card Loans Based on Payment Activity (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Residential real estate | $477,186 | $459,114 |
Consumer | 65,314 | 63,491 |
Credit cards | 5,115 | 5,065 |
Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Residential real estate | 472,246 | 456,575 |
Consumer | 64,298 | 62,379 |
Credit cards | 5,062 | 5,041 |
Non-Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Residential real estate | 4,940 | 2,539 |
Consumer | 1,016 | 1,112 |
Credit cards | $53 | $24 |
Loans_Summary_of_Holidays_Loan
Loans - Summary of Holiday's Loan Portfolio Included in Consumer and Residential Loans (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer | $65,314 | $63,491 |
Residential real estate | 477,186 | 459,114 |
Less: unearned discount | -4,048 | -3,896 |
Holiday Financial Services Corporation [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Consumer | 25,591 | 24,891 |
Residential real estate | 1,419 | 1,552 |
Less: unearned discount | -4,048 | -3,896 |
Total | $22,962 | $22,547 |
Deposits_Total_Deposits_Detail
Deposits - Total Deposits (Detail) (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Banking And Thrift [Abstract] | ' | ' |
Percentage Change, Checking, non-interest bearing | 1.80% | ' |
Percentage Change, Checking, interest bearing | 2.90% | ' |
Percentage Change, Savings accounts | 7.10% | ' |
Percentage Change, Certificates of deposit | -24.40% | ' |
Percentage change, Total | 0.90% | ' |
Checking, non-interest bearing | $225,366 | $221,293 |
Checking, interest bearing | 463,356 | 450,216 |
Savings accounts | 961,393 | 898,043 |
Certificates of deposit | 200,932 | 265,762 |
Total deposits | $1,851,047 | $1,835,314 |
Earnings_Per_Share_Additional_
Earnings Per Share - Additional Information (Detail) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Antidilutive shares excluded from the diluted earnings per share calculations | 0 | 37,500 | 0 | 37,500 |
Earnings_Per_Share_Computation
Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Basic earnings per common share computation | ' | ' | ' | ' |
NET INCOME | $5,617 | $2,951 | $10,783 | $7,248 |
Net earnings allocated to participating securities | -25 | -15 | -46 | -34 |
Net earnings allocated to common stock | 5,592 | 2,936 | 10,737 | 7,214 |
Weighted average common shares outstanding, including shares considered participating securities | 14,450 | 12,510 | 14,447 | 12,502 |
Less: Average participating securities | -60 | -57 | -56 | -53 |
Weighted average shares | 14,390 | 12,453 | 14,391 | 12,449 |
Basic earnings per common share | $0.39 | $0.24 | $0.75 | $0.58 |
Diluted earnings per common share computation | ' | ' | ' | ' |
Net earnings allocated to common stock | 5,592 | 2,936 | 10,737 | 7,214 |
Weighted average common shares outstanding for basic earnings per common share | 14,390 | 12,453 | 14,391 | 12,449 |
Add: Dilutive effects of assumed exercises of stock options | 1 | 1 | 2 | 1 |
Weighted average shares and dilutive potential common shares | 14,391 | 12,454 | 14,393 | 12,450 |
Diluted earnings per common share | $0.39 | $0.24 | $0.75 | $0.58 |
Distributed Earnings Allocated to Common Stock [Member] | ' | ' | ' | ' |
Basic earnings per common share computation | ' | ' | ' | ' |
Net earnings allocated to common stock | 2,375 | 2,053 | 4,751 | 4,107 |
Undistributed Earnings Allocated to Common Stock [Member] | ' | ' | ' | ' |
Basic earnings per common share computation | ' | ' | ' | ' |
Net earnings allocated to common stock | $3,217 | $883 | $5,986 | $3,107 |
Derivative_Instruments_Additio
Derivative Instruments - Additional Information (Detail) (USD $) | 0 Months Ended | 6 Months Ended | ||
3-May-11 | Aug. 01, 2008 | Jun. 30, 2014 | Dec. 31, 2013 | |
Derivative [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 | ' | ' | 379,000 | ' |
Collateral amount for counterparty interest rate swap | ' | ' | $1,400,000 | $1,400,000 |
LIBOR Plus 155 Basis Points [Member] | ' | ' | ' | ' |
Derivative [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 | ' | ' | 1.78% | ' |
4.02% Fixed Rate Plus 155 Basis Points [Member] | ' | ' | ' | ' |
Derivative [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] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Derivative basis spread on variable rate | ' | ' | 1.55% | ' |
Derivative fixed interest rate rate basis | ' | ' | 4.02% | ' |
Derivative_Instruments_Amounts
Derivative Instruments - 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 $) | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | ||||||||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 |
Interest Expense - Subordinated Debentures [Member] | Interest Expense - Subordinated Debentures [Member] | Interest Expense - Subordinated Debentures [Member] | Interest Expense - Subordinated Debentures [Member] | Other Income [Member] | Other Income [Member] | Other Income [Member] | Other Income [Member] | Accrued Interest and Other Liabilities [Member] | Accrued Interest and Other Liabilities [Member] | |||||
Derivative [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate contracts | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($1,089) | ($1,116) |
Interest rate contracts | 17 | 245 | -7 | 319 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense, Fair Value | ' | ' | ' | ' | -94 | -105 | -191 | -202 | ' | ' | ' | ' | ' | ' |
Other income | ' | ' | ' | ' | ' | ' | ' | ' | $0 | $0 | $0 | $0 | ' | ' |