Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Oct. 29, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'CITIZENS FINANCIAL SERVICES INC | ' |
Entity Central Index Key | '0000739421 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Entity Voluntary Filers | 'No | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 3,019,354 |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
CONSOLIDATED_BALANCE_SHEET_UNA
CONSOLIDATED BALANCE SHEET (UNAUDITED) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Cash and due from banks: | ' | ' |
Noninterest-bearing | $10,956 | $12,307 |
Interest-bearing | 2,800 | 14,026 |
Total cash and cash equivalents | 13,756 | 26,333 |
Interest bearing time deposits with other banks | 2,480 | 0 |
Available-for-sale securities | 318,452 | 310,252 |
Loans held for sale | 260 | 1,458 |
Loans (net of allowance for loan losses:2013, $7,070 and 2012, $6,784) | 515,262 | 495,679 |
Premises and equipment | 11,259 | 11,521 |
Accrued interest receivable | 3,815 | 3,816 |
Goodwill | 10,256 | 10,256 |
Bank owned life insurance | 14,554 | 14,177 |
Other assets | 9,302 | 8,935 |
TOTAL ASSETS | 899,396 | 882,427 |
Deposits: | ' | ' |
Noninterest-bearing | 89,716 | 89,494 |
Interest-bearing | 668,940 | 647,602 |
Total deposits | 758,656 | 737,096 |
Borrowed funds | 43,163 | 46,126 |
Accrued interest payable | 971 | 1,143 |
Other liabilities | 6,226 | 8,587 |
TOTAL LIABILITIES | 809,016 | 792,952 |
STOCKHOLDERS' EQUITY: | ' | ' |
Preferred Stock $1.00 par value; authorized 3,000,000 shares September 30, 2013 and December 31, 2012;none issued in 2013 or 2012 | 0 | 0 |
Common stock $1.00 par value, authorized 15,000,000 shares, issued 3,305,517 at September 30, 2013 and 3,161,324 at December 31, 2012 | 3,306 | 3,161 |
Additional paid-in capital | 23,545 | 16,468 |
Retained earnings | 72,190 | 71,813 |
Accumulated other comprehensive (loss) income | -816 | 4,631 |
Treasury stock, at cost, 289,040 shares at September 30, 2013 and 262,921 shares at December 31, 2012 | -7,845 | -6,598 |
TOTAL STOCKHOLDERS' EQUITY | 90,380 | 89,475 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $899,396 | $882,427 |
CONSOLIDATED_BALANCE_SHEET_UNA1
CONSOLIDATED BALANCE SHEET (UNAUDITED) (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
ASSETS: | ' | ' |
Loans, allowance for loan losses | $7,070 | $6,784 |
STOCKHOLDERS' EQUITY: | ' | ' |
Preferred Stock , par value (in dollars per share) | $1 | $1 |
Preferred Stock , authorized (in shares) | 3,000,000 | 3,000,000 |
Preferred Stock , issued (in shares) | 0 | 0 |
Common Stock, par value (in dollars per share) | $1 | $1 |
Common Stock, authorized (in shares) | 15,000,000 | 15,000,000 |
Common Stock, issued (in shares) | 3,305,517 | 3,161,324 |
Treasury stock, shares (in shares) | 289,040 | 262,921 |
CONSOLIDATED_STATEMENT_OF_INCO
CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) (USD $) | 3 Months Ended | 9 Months Ended | ||||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||
INTEREST INCOME: | ' | ' | ' | ' | ||
Interest and fees on loans | $7,521 | $7,448 | $21,799 | $22,352 | ||
Interest-bearing deposits with banks | 8 | 5 | 27 | 11 | ||
Investment securities: | ' | ' | ' | ' | ||
Taxable | 905 | 1,085 | 2,804 | 3,519 | ||
Nontaxable | 850 | 919 | 2,563 | 2,793 | ||
Dividends | 23 | 17 | 61 | 49 | ||
TOTAL INTEREST INCOME | 9,307 | 9,474 | 27,254 | 28,724 | ||
INTEREST EXPENSE: | ' | ' | ' | ' | ||
Deposits | 1,279 | 1,486 | 3,894 | 4,707 | ||
Borrowed funds | 283 | 373 | 951 | 1,179 | ||
TOTAL INTEREST EXPENSE | 1,562 | 1,859 | 4,845 | 5,886 | ||
NET INTEREST INCOME | 7,745 | 7,615 | 22,409 | 22,838 | ||
Provision for loan losses | 90 | 105 | 315 | 315 | ||
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 7,655 | 7,510 | 22,094 | 22,523 | ||
NON-INTEREST INCOME: | ' | ' | ' | ' | ||
Service charges | 1,100 | 1,139 | 3,203 | 3,346 | ||
Trust | 169 | 148 | 539 | 472 | ||
Brokerage and insurance | 120 | 80 | 333 | 305 | ||
Investment securities gains | 91 | [1] | 240 | 385 | [1] | 561 |
Gains on loans sold | 75 | 102 | 236 | 287 | ||
Earnings on bank owned life insurance | 127 | 128 | 377 | 378 | ||
Other | 124 | 109 | 328 | 342 | ||
TOTAL NON-INTEREST INCOME | 1,806 | 1,946 | 5,401 | 5,691 | ||
NON-INTEREST EXPENSES: | ' | ' | ' | ' | ||
Salaries and employee benefits | 2,856 | [1] | 2,705 | 8,456 | [1] | 8,126 |
Occupancy | 302 | 304 | 956 | 928 | ||
Furniture and equipment | 157 | 113 | 372 | 315 | ||
Professional fees | 187 | 209 | 604 | 701 | ||
FDIC insurance | 112 | 115 | 337 | 353 | ||
Pennsylvania shares tax | 183 | 115 | 548 | 441 | ||
Other | 1,123 | 1,398 | 3,301 | 3,488 | ||
TOTAL NON-INTEREST EXPENSES | 4,920 | 4,959 | 14,574 | 14,352 | ||
Income before provision for income taxes | 4,541 | 4,497 | 12,921 | 13,862 | ||
Provision for income taxes | 1,029 | [1] | 1,033 | 2,842 | [1] | 3,196 |
NET INCOME | $3,512 | [1] | $3,464 | $10,079 | [1] | $10,666 |
PER COMMON SHARE DATA: | ' | ' | ' | ' | ||
Net Income - Basic (in dollars per share) | $1.16 | $1.13 | $3.33 | $3.49 | ||
Net Income - Diluted (in dollars per share) | $1.16 | $1.13 | $3.33 | $3.48 | ||
Cash Dividends Paid (in dollars per share) | $0.28 | $0.29 | $0.84 | $0.85 | ||
[1] | Amounts in parentheses indicate debits to profit/loss |
CONSOLIDATED_STATEMENT_OF_COMP
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) (USD $) | 3 Months Ended | 9 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) [Abstract] | ' | ' | ' | ' | ||
Net income | $3,512 | [1] | $3,464 | $10,079 | [1] | $10,666 |
Other comprehensive income (loss): | ' | ' | ' | ' | ||
Change in unrealized gains on available for sale securities | -183 | 1,724 | -8,215 | 2,041 | ||
Income tax effect | 62 | -587 | 2,793 | -694 | ||
Change in unrecognized pension cost | 66 | 0 | 194 | 0 | ||
Income tax benefit | -22 | 0 | -66 | 0 | ||
Change in unrealized loss on interest rate swap | 53 | 32 | 154 | 97 | ||
Income tax effect | -18 | -11 | -52 | -33 | ||
Less: Reclassification adjustment for investment security gains included in net income | -91 | -240 | -385 | -561 | ||
Income tax effect | 30 | 82 | 130 | 191 | ||
Other comprehensive income (loss), net of tax | -103 | 1,000 | -5,447 | 1,041 | ||
Comprehensive income | $3,409 | $4,464 | $4,632 | $11,707 | ||
[1] | Amounts in parentheses indicate debits to profit/loss |
CONSOLIDATED_STATEMENT_OF_CASH
CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) (USD $) | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | ||
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | |
Net income | $10,079,000 | [1] | $10,666,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | |
Provision for loan losses | 315,000 | 315,000 | |
Depreciation and amortization | 318,000 | 311,000 | |
Amortization and accretion on investment securities | 1,837,000 | 1,782,000 | |
Deferred income taxes | 570,000 | 213,000 | |
Investment securities gains, net | -385,000 | [1] | -561,000 |
Earnings on bank owned life insurance | -377,000 | -378,000 | |
Originations of loans held for sale | -17,039,000 | -21,625,000 | |
Proceeds from sales of loans held for sale | 18,473,000 | 21,912,000 | |
Realized gains on loans sold | -236,000 | -287,000 | |
Decrease (increase) in accrued interest receivable | 1,000 | -340,000 | |
Decrease in accrued interest payable | -172,000 | -299,000 | |
Other, net | -495,000 | -941,000 | |
Net cash provided by operating activities | 12,889,000 | 10,768,000 | |
Available-for-sale securities: | ' | ' | |
Proceeds from sales | 15,894,000 | 18,363,000 | |
Proceeds from maturity and principal repayments | 64,380,000 | 86,565,000 | |
Purchase of securities | -98,526,000 | -109,289,000 | |
Purchase of interest bearing time deposits with other banks | -2,480,000 | 0 | |
Proceeds from redemption of regulatory stock | 1,186,000 | 646,000 | |
Purchase of regulatory stock | -563,000 | -1,405,000 | |
Net increase in loans | -19,800,000 | -11,736,000 | |
Purchase of premises, equipment and software | -339,000 | -179,000 | |
Proceeds from sale of foreclosed assets held for sale | 151,000 | 650,000 | |
Net cash used in investing activities | -40,097,000 | -16,385,000 | |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | |
Net increase (decrease) in deposits | 21,560,000 | -4,786,000 | |
Repayments of long-term borrowings | -10,800,000 | -5,627,000 | |
Net increase (decrease) in short-term borrowed funds | 7,837,000 | -299,000 | |
Purchase of treasury and restricted stock | -1,431,000 | -782,000 | |
Dividends paid | -2,535,000 | -2,611,000 | |
Net cash provided (used) by financing activities | 14,631,000 | -14,105,000 | |
Net decrease in cash and cash equivalents | -12,577,000 | -19,722,000 | |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 26,333,000 | 30,432,000 | |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 13,756,000 | 10,710,000 | |
Supplemental Disclosures of Cash Flow Information: | ' | ' | |
Interest paid | 5,017,000 | 6,185,000 | |
Income taxes paid | 2,945,000 | 3,395,000 | |
Loans transferred to foreclosed property | 62,000 | 123,000 | |
Investments sold and not settled included in other assets | $0 | $1,403,000 | |
[1] | Amounts in parentheses indicate debits to profit/loss |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Basis of Presentation [Abstract] | ' |
Basis of Presentation | ' |
Note 1 - Basis of Presentation | |
Citizens Financial Services, Inc., (individually and collectively with its direct and indirect subsidiaries, the “Company”) is a Pennsylvania corporation organized as the holding company of its wholly owned subsidiary, First Citizens Community Bank (the “Bank”), and the Bank’s subsidiary, First Citizens Insurance Agency, Inc. (“First Citizens Insurance”). | |
The accompanying consolidated financial statements have been prepared pursuant to rules and regulations of the Securities and Exchange Commission (“SEC”) and in conformity with U.S. generally accepted accounting principles. Because this report is based on an interim period, certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted. Certain of the prior year amounts have been reclassified to conform with the current year presentation. Such reclassifications had no effect on net income or stockholders’ equity. All material inter-company balances and transactions have been eliminated in consolidation. | |
In the opinion of management of the Company, the accompanying interim financial statements for the periods ended September 30, 2013 and 2012 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 period. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses for the period. The financial performance reported for the Company for the nine month period ended September 30, 2013 is not necessarily indicative of the results to be expected for the full year. This information should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. |
Earnings_per_Share
Earnings per Share | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
Earnings per Share [Abstract] | ' | ||||
Earnings per Share | ' | ||||
Note 2 - Earnings per Share | |||||
The following table sets forth the computation of earnings per share. Earnings per share calculations give retroactive effect to stock dividends declared by the Company. | |||||
Three months ended | Nine months ended | ||||
September 30, | September 30, | ||||
2013 | 2012 | 2013 | 2012 | ||
Net income applicable to common stock | $3,512,000 | $3,464,000 | $10,079,000 | $10,666,000 | |
Basic earnings per share computation | |||||
Weighted average common shares outstanding | 3,024,507 | 3,052,628 | 3,029,801 | 3,059,808 | |
Earnings per share - basic | $1.16 | $1.13 | $3.33 | $3.49 | |
Diluted earnings per share computation | |||||
Weighted average common shares outstanding for basic earnings per share | 3,024,507 | 3,052,628 | 3,029,801 | 3,059,808 | |
Add: Dilutive effects of restricted stock | 1,483 | 2,066 | 1,288 | 1,762 | |
Weighted average common shares outstanding for dilutive earnings per share | 3,025,990 | 3,054,694 | 3,031,089 | 3,061,570 | |
Earnings per share - diluted | $1.16 | $1.13 | $3.33 | $3.48 | |
For the three months ended September 30, 2013 and 2012, there were 1,037 and 0 shares, respectively, related to the restricted stock program that were excluded from the diluted earnings per share calculations since they were anti-dilutive. For the nine months ended September 30, 2013 and 2012, 3,280 and 3,419 shares, respectively, related to the restricted stock program were excluded from the diluted earnings per share calculations since they were anti-dilutive. | |||||
Income_Tax_Expense
Income Tax Expense | 9 Months Ended |
Sep. 30, 2013 | |
Income Tax Expense [Abstract] | ' |
Income Tax Expense | ' |
Note 3 - Income Tax Expense | |
Income tax expense is less than the amount calculated using the statutory tax rate, primarily as a result of tax-exempt income earned from state and municipal securities and loans and investments in tax credits. |
Investments
Investments | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Investments [Abstract] | ' | |||||||
Investments | ' | |||||||
Note 4 – Investments | ||||||||
The amortized cost and fair value of investment securities at September 30, 2013 and December 31, 2012 were as follows (in thousands): | ||||||||
Gross | Gross | |||||||
Amortized | Unrealized | Unrealized | Fair | |||||
30-Sep-13 | Cost | Gains | Losses | Value | ||||
Available-for-sale securities: | ||||||||
U.S. agency securities | $ 146,649 | $ 890 | $ (1,607) | $ 145,932 | ||||
U.S. treasury securities | 11,850 | - | (370) | 11,480 | ||||
Obligations of state and | ||||||||
political subdivisions | 95,608 | 2,594 | (1,038) | 97,164 | ||||
Corporate obligations | 20,039 | 346 | (476) | 19,909 | ||||
Mortgage-backed securities in | ||||||||
government sponsored entities | 41,869 | 789 | (190) | 42,468 | ||||
Equity securities in financial | ||||||||
institutions | 803 | 696 | - | 1,499 | ||||
Total available-for-sale securities | $ 316,818 | $ 5,315 | $ (3,681) | $ 318,452 | ||||
31-Dec-12 | ||||||||
Available-for-sale securities: | ||||||||
U.S. agency securities | $ 125,125 | $ 2,150 | $ (41) | $ 127,234 | ||||
U.S. treasury securities | 4,922 | 25 | - | 4,947 | ||||
Obligations of state and | ||||||||
political subdivisions | 95,288 | 5,721 | (134) | 100,875 | ||||
Corporate obligations | 21,699 | 452 | (42) | 22,109 | ||||
Mortgage-backed securities in | ||||||||
government sponsored entities | 52,072 | 1,728 | (127) | 53,673 | ||||
Equity securities in financial institutions | 912 | 502 | - | 1,414 | ||||
Total available-for-sale securities | $ 300,018 | $ 10,578 | $ (344) | $ 310,252 | ||||
The following table shows the Company’s gross unrealized losses and fair value of the Company’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time, which individual securities have been in a continuous unrealized loss position, at September 30, 2013 and December 31, 2012 (in thousands). As of September 30, 2013, the Company owned 75 securities whose fair value was less than their cost basis. | ||||||||
30-Sep-13 | Less than Twelve Months | Twelve Months or Greater | Total | |||||
Gross | Gross | Gross | ||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||
Value | Losses | Value | Losses | Value | Losses | |||
U.S. agency securities | $ 80,162 | $ (1,607) | $ - | $ - | $ 80,162 | $ (1,607) | ||
U.S. treasury securities | 11,480 | -370 | - | - | 11,480 | -370 | ||
Obligations of state and | ||||||||
political subdivisions | 20,396 | -978 | 1,642 | (60) | 22,038 | -1,038 | ||
Corporate obligations | 12,009 | -476 | - | - | 12,009 | -476 | ||
Mortgage-backed securities in | ||||||||
government sponsored entities | 14,672 | -176 | 827 | (14) | 15,499 | -190 | ||
Total securities | $ 138,719 | $ (3,607) | $ 2,469 | $ (74) | $ 141,188 | $ (3,681) | ||
31-Dec-12 | ||||||||
U.S. agency securities | $ 6,016 | $ (41) | $ - | $ - | $ 6,016 | $ (41) | ||
Obligations of states and | ||||||||
political subdivisions | 7,981 | (134) | - | - | 7,981 | (134) | ||
Corporate obligations | 10,972 | (42) | - | - | 10,972 | (42) | ||
Mortgage-backed securities in | ||||||||
government sponsored entities | 8,651 | (127) | - | - | 8,651 | (127) | ||
Total securities | $ 33,620 | $ (344) | $ - | $ - | $ 33,620 | $ (344) | ||
As of September 30, 2013, the Company’s investment securities portfolio contained unrealized losses on agency securities issued or backed by the full faith and credit of the United States government or are generally viewed as having the implied guarantee of the U.S. government, U.S treasuries, obligations of states and political subdivisions, corporate obligations and mortgage backed securities in government sponsored entities. For fixed maturity investments management considers whether the present value of cash flows expected to be collected are less than the security’s amortized cost basis (the difference defined as the credit loss), the magnitude and duration of the decline, the reasons underlying the decline and the Company’s intent to sell the security or whether it is more likely than not that the Company would be required to sell the security before its anticipated recovery in market value, to determine whether the loss in value is other than temporary. Once a decline in value is determined to be other than temporary, if the Company does not intend to sell the security, and it is more likely than not that it will not be required to sell the security before recovery of the security’s amortized cost basis, the charge to earnings is limited to the amount of credit loss. Any remaining difference between fair value and amortized cost (the difference defined as the non-credit portion) is recognized in other comprehensive income, net of applicable taxes. Otherwise, the entire difference between fair value and amortized cost is charged to earnings. For equity securities where the fair value has been significantly below cost for one year, the Company’s policy is to recognize an impairment loss unless sufficient evidence is available that the decline is not other than temporary and a recovery period can be predicted. The Company has concluded that any impairment of its investment securities portfolio outlined in the above table is not other than temporary and is the result of interest rate changes, sector credit rating changes, or company-specific rating changes that are not expected to result in the non-collection of principal and interest during the period. | ||||||||
Proceeds from sales of securities available-for-sale for the nine months ended September 30, 2013 and 2012 were $15,894,000 and $18,363,000, respectively. For the three months ended September 30, 2013 and 2012, there were sales of $121,000 and $1,709,000, respectively, of available-for-sale securities. The gross gains and losses were as follows (in thousands): | ||||||||
Three Months Ended | Nine Months Ended | |||||||
September30, | September30, | |||||||
2013 | 2012 | 2013 | 2012 | |||||
Gross gains | $ 91 | $ 240 | $ 525 | $ 561 | ||||
Gross losses | - | - | (140) | - | ||||
Net gains | $ 91 | $ 240 | $ 385 | $ 561 | ||||
Investment securities with an approximate carrying value of $205.6 million and $193.3 million at September 30, 2013 and December 31, 2012, respectively, were pledged to secure public funds and certain other deposits. | ||||||||
Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. The amortized cost and fair value of debt securities at September 30, 2013, by contractual maturity, are shown below (in thousands): | ||||||||
Amortized | ||||||||
Cost | Fair Value | |||||||
Available-for-sale debt securities: | ||||||||
Due in one year or less | $ 12,531 | $ 12,626 | ||||||
Due after one year through five years | 104,250 | 104,486 | ||||||
Due after five years through ten years | 84,875 | 84,107 | ||||||
Due after ten years | 114,359 | 115,734 | ||||||
Total | $ 316,015 | $ 316,953 |
Loans
Loans | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Loans [Abstract] | ' | ||||||||
Loans | ' | ||||||||
Note 5 – Loans | |||||||||
The Company grants loans primarily to customers throughout North Central Pennsylvania and Southern New York. Although the Company had a diversified loan portfolio at September 30, 2013 and December 31, 2012, a substantial portion of its debtors’ ability to honor their contracts is dependent on the economic conditions within these regions. The following table summarizes the primary segments of the loan portfolio and how those segments are analyzed within the allowance for loan losses as of September 30, 2013 and December 31, 2012 (in thousands): | |||||||||
30-Sep-13 | Total Loans | Individually evaluated for impairment | Collectively evaluated for impairment | ||||||
Real estate loans: | |||||||||
Residential | $ 183,370 | $ 482 | $ 182,888 | ||||||
Commercial and agricultural | 196,446 | 8,594 | 187,852 | ||||||
Construction | 18,272 | - | 18,272 | ||||||
Consumer | 9,979 | 15 | 9,964 | ||||||
Other commercial and agricultural loans | 54,160 | 1,795 | 52,365 | ||||||
State and political subdivision loans | 60,105 | - | 60,105 | ||||||
Total | 522,332 | $ 10,886 | $ 511,446 | ||||||
Allowance for loan losses | 7,070 | ||||||||
Net loans | $ 515,262 | ||||||||
31-Dec-12 | Total Loans | Individually evaluated for impairment | Collectively evaluated for impairment | ||||||
Real estate loans: | |||||||||
Residential | $ 178,080 | $ 424 | $ 177,656 | ||||||
Commercial and agricultural | 194,725 | 9,093 | 185,632 | ||||||
Construction | 12,011 | - | 12,011 | ||||||
Consumer | 10,559 | - | 10,559 | ||||||
Other commercial and agricultural loans | 47,880 | 901 | 46,979 | ||||||
State and political subdivision loans | 59,208 | - | 59,208 | ||||||
Total | 502,463 | $ 10,418 | $ 492,045 | ||||||
Allowance for loan losses | 6,784 | ||||||||
Net loans | $ 495,679 | ||||||||
The segments of the Bank’s loan portfolio are disaggregated into classes to a level that allows management to monitor risk and performance. Residential real estate mortgages consists primarily of 15 to 30 year first mortgages on residential real estate, while residential real estate home equity loans are consumer purpose installment loans or lines of credit secured by a mortgage which is often a second lien on residential real estate with terms of 15 years or less. Commercial real estate loans are business purpose loans secured by a mortgage on commercial real estate. Agricultural real estate loans are loans secured by a mortgage on real estate used in agriculture production. Construction real estate loans are loans secured by residential or commercial real estate used during the construction phase of residential and commercial projects. Consumer loans are typically unsecured or primarily secured by something other than real estate and overdraft lines of credit connected with customer deposit accounts. Other commercial loans are loans for commercial purposes primarily secured by non-real estate collateral. Other agricultural loans are loans for agricultural purposes primarily secured by non-real estate collateral. State and political subdivisions are loans for state and local municipalities for capital and operating expenses or tax free loans used to finance commercial development. | |||||||||
Management considers commercial loans, other agricultural loans, commercial real estate loans and agricultural real estate loans which are 90 days or more past due to be impaired. Management will also consider a loan impaired based on other factors it becomes aware of, including the customer’s results of operations and cash flows or if the loan is modified in a troubled debt restructuring. In addition, certain residential mortgages, home equity and consumer loans that are cross collateralized with commercial relationships that are determined to be impaired may also be classified as impaired. Impaired loans are analyzed to determine if it is probable that all amounts will not be collected according to the contractual terms of the loan agreement. If management determines that the value of the impaired loan is less than the recorded investment in the loan (net of previous charge-offs, deferred loan fees or costs and unamortized premium or discount), impairment is recognized through an allocation of the allowance for loan losses or a charge-off to the allowance for loan losses. | |||||||||
The following table includes the recorded investment and unpaid principal balances for impaired financing receivables by class, with the associated allowance amount, if applicable (in thousands): | |||||||||
Recorded | Recorded | ||||||||
Unpaid | Investment | Investment | Total | ||||||
Principal | With No | With | Recorded | Related | |||||
30-Sep-13 | Balance | Allowance | Allowance | Investment | Allowance | ||||
Real estate loans: | |||||||||
Mortgages | $ 375 | $ 141 | $ 206 | $ 347 | $ 24 | ||||
Home Equity | 135 | - | 135 | 135 | 13 | ||||
Commercial | 10,052 | 5,714 | 2,880 | 8,594 | 560 | ||||
Agricultural | - | - | - | - | - | ||||
Construction | - | - | - | - | - | ||||
Consumer | 15 | 15 | - | 15 | - | ||||
Other commercial loans | 1,851 | 1,438 | 357 | 1,795 | 1 | ||||
Other agricultural loans | - | - | - | - | - | ||||
State and political | |||||||||
subdivision loans | - | - | - | - | - | ||||
Total | $ 12,428 | $ 7,308 | $ 3,578 | $ 10,886 | $ 598 | ||||
31-Dec-12 | |||||||||
Real estate loans: | |||||||||
Mortgages | $ 309 | $ 150 | $ 136 | $ 286 | $ 8 | ||||
Home Equity | 138 | - | 138 | 138 | 14 | ||||
Commercial | 10,669 | 6,476 | 2,617 | 9,093 | 559 | ||||
Agricultural | - | - | - | - | - | ||||
Construction | - | - | - | - | - | ||||
Consumer | - | - | - | - | - | ||||
Other commercial loans | 950 | 592 | 309 | 901 | 1 | ||||
Other agricultural loans | - | - | - | - | - | ||||
State and political | |||||||||
subdivision loans | - | - | - | - | - | ||||
Total | $ 12,066 | $ 7,218 | $ 3,200 | $ 10,418 | $ 582 | ||||
The following table includes the average balance of impaired financing receivables by class and the income recognized on impaired loans for the three and nine month periods ended September 30, 2013 and 2012 (in thousands): | |||||||||
For the Nine Months ended | |||||||||
30-Sep-13 | 30-Sep-12 | ||||||||
Interest | Interest | ||||||||
Average | Interest | Income | Average | Interest | Income | ||||
Recorded | Income | Recognized | Recorded | Income | Recognized | ||||
Investment | Recognized | Cash Basis | Investment | Recognized | Cash Basis | ||||
Real estate loans: | |||||||||
Mortgages | $ 336 | $ 6 | $ - | $ 139 | $ 2 | $ - | |||
Home Equity | 136 | 3 | - | 100 | 3 | 1 | |||
Commercial | 8,521 | 426 | 361 | 7,891 | 74 | 45 | |||
Agricultural | - | - | - | - | - | - | |||
Construction | - | - | - | - | - | - | |||
Consumer | 2 | - | - | - | - | - | |||
Other commercial loans | 1,740 | 58 | - | 439 | - | - | |||
Other agricultural loans | - | - | - | - | - | - | |||
State and political | |||||||||
subdivision loans | - | - | - | - | - | - | |||
Total | $ 10,735 | $ 493 | $ 361 | $ 8,569 | $ 79 | $ 46 | |||
For the Three Months Ended | |||||||||
30-Sep-13 | 30-Sep-12 | ||||||||
Interest | Interest | ||||||||
Average | Interest | Income | Average | Interest | Income | ||||
Recorded | Income | Recognized | Recorded | Income | Recognized | ||||
Investment | Recognized | Cash Basis | Investment | Recognized | Cash Basis | ||||
Real estate loans: | |||||||||
Mortgages | $ 349 | $ 2 | $ - | $ 253 | $ 1 | $ - | |||
Home Equity | 135 | 1 | - | 113 | 1 | - | |||
Commercial | 8,372 | 342 | 326 | 7,398 | 35 | 22 | |||
Agricultural | - | - | - | - | - | - | |||
Construction | - | - | - | - | - | - | |||
Consumer | 5 | - | - | - | - | - | |||
Other commercial loans | 1,647 | 17 | - | 382 | - | - | |||
Other agricultural loans | - | - | - | - | - | - | |||
State and political | |||||||||
subdivision loans | - | - | - | - | - | - | |||
Total | $ 10,508 | $ 362 | $ 326 | $ 8,146 | $ 37 | $ 22 | |||
Credit Quality Information | |||||||||
For commercial real estate, agricultural real estate, construction, other commercial, other agricultural and state and political subdivision loans, management uses a nine point internal risk rating system to monitor the credit quality. The first five categories are considered not criticized and are aggregated as “Pass” rated. The criticized rating categories utilized by management generally follow bank regulatory definitions. The definitions of each rating are defined below: | |||||||||
● | Pass (Grades 1-5) – These loans are to customers with credit quality ranging from an acceptable to very high quality and are protected by the current net worth and paying capacity of the obligor or by the value of the underlying collateral. | ||||||||
● | Special Mention (Grade 6) – This loan grade is in accordance with regulatory guidance and includes loans where a potential weakness or risk exists, which could cause a more serious problem if not corrected. | ||||||||
● | Substandard (Grade 7) – This loan grade is in accordance with regulatory guidance and includes loans that have a well-defined weakness based on objective evidence and be characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. | ||||||||
● | Doubtful (Grade 8) – This loan grade is in accordance with regulatory guidance and includes loans that have all the weaknesses inherent in a substandard asset. In addition, these weaknesses make collection or liquidation in full highly questionable and improbable, based on existing circumstances. | ||||||||
● | Loss (Grade 9) – This loan grade is in accordance with regulatory guidance and includes loans that are considered uncollectible, or of such value that continuance as an asset is not warranted. | ||||||||
To help ensure that risk ratings are accurate and reflect the present and future capacity of borrowers to repay loan as agreed, the Bank’s loan rating process includes several layers of internal and external oversight. The Company’s loan officers are responsible for the timely and accurate risk rating of the loans in each of their portfolios at origination and on an ongoing basis under the supervision of management. All commercial, agricultural and municipal loans are reviewed annually to ensure the appropriateness of the loan grade. In addition, the Bank engages an external consultant on at least an annual basis. The external consultant is engaged to 1) review a minimum of 55% (60% during 2012) of the dollar volume of the commercial loan portfolio on an annual basis, 2) review new loans originated in the last year, 3) review all relationships in aggregate over $500,000, 4) review all aggregate loan relationships over $100,000 which are over 90 days past due or classified Special Mention, Substandard, Doubtful, or Loss, and 5) such other loans which management or the consultant deems appropriate. | |||||||||
The following tables represent credit exposures by internally assigned grades as of September 30, 2013 and December 31, 2012 (in thousands): | |||||||||
30-Sep-13 | Pass | Special Mention | Substandard | Doubtful | Loss | Ending Balance | |||
Real estate loans: | |||||||||
Commercial | $ 150,711 | $ 3,045 | $ 21,566 | $ 211 | $ - | $ 175,533 | |||
Agricultural | 15,054 | 3,845 | 2,014 | - | - | 20,913 | |||
Construction | 18,272 | - | - | - | - | 18,272 | |||
Other commercial loans | 40,948 | 1,526 | 2,398 | 8 | - | 44,880 | |||
Other agricultural loans | 7,142 | 865 | 1,273 | - | - | 9,280 | |||
State and political | |||||||||
subdivision loans | 60,105 | - | - | - | - | 60,105 | |||
Total | $ 292,232 | $ 9,281 | $ 27,251 | $ 219 | $ - | $ 328,983 | |||
31-Dec-12 | |||||||||
Real estate loans: | |||||||||
Commercial | $ 149,892 | $ 7,616 | $ 19,127 | $ 75 | $ - | $ 176,710 | |||
Agricultural | 13,690 | 2,386 | 1,939 | - | - | 18,015 | |||
Construction | 12,011 | - | - | - | - | 12,011 | |||
Other commercial loans | 39,239 | 826 | 1,555 | - | - | 41,620 | |||
Other agricultural loans | 4,833 | 589 | 838 | - | - | 6,260 | |||
State and political | |||||||||
subdivision loans | 58,120 | - | 1,088 | - | - | 59,208 | |||
Total | $ 277,785 | $ 11,417 | $ 24,547 | $ 75 | $ - | $ 313,824 | |||
For residential real estate mortgages, home equity and consumer loans, credit quality is monitored based on whether the loan is performing or non-performing, which is typically based on the aging status of the loan and payment activity, unless a specific action, such as bankruptcy, repossession, death or significant delay in payment occurs to raise awareness of a possible credit event. Non-performing loans include those loans that are considered nonaccrual, described in more detail below and all loans past due 90 or more days. The following table presents the recorded investment in those loan classes based on payment activity as of September 30, 2013 and December 31, 2012 (in thousands): | |||||||||
30-Sep-13 | Performing | Non-performing | Total | ||||||
Real estate loans: | |||||||||
Mortgages | $ 114,291 | $ 718 | $ 115,009 | ||||||
Home Equity | 68,089 | 272 | 68,361 | ||||||
Consumer | 9,964 | 15 | 9,979 | ||||||
Total | $ 192,344 | $ 1,005 | $ 193,349 | ||||||
31-Dec-12 | |||||||||
Real estate loans: | |||||||||
Mortgages | $ 105,822 | $ 726 | $ 106,548 | ||||||
Home Equity | 71,263 | 269 | 71,532 | ||||||
Consumer | 10,555 | 4 | 10,559 | ||||||
Total | $ 187,640 | $ 999 | $ 188,639 | ||||||
Age Analysis of Past Due Financing Receivables | |||||||||
Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. The following table includes an aging analysis of the recorded investment of past due financing receivables as of September 30, 2013 and December 31, 2012 (in thousands): | |||||||||
30-59 Days | 60-89 Days | 90 Days | Total Past | Total Financing | 90 Days and | ||||
30-Sep-13 | Past Due | Past Due | Or Greater | Due | Current | Receivables | Accruing | ||
Real estate loans: | |||||||||
Mortgages | $ 935 | $ 140 | $ 600 | $ 1,675 | $ 113,334 | $ 115,009 | $ 195 | ||
Home Equity | 539 | 137 | 230 | 906 | 67,455 | 68,361 | 94 | ||
Commercial | 1,186 | 283 | 3,019 | 4,488 | 171,045 | 175,533 | 299 | ||
Agricultural | 125 | - | - | 125 | 20,788 | 20,913 | - | ||
Construction | - | - | - | - | 18,272 | 18,272 | - | ||
Consumer | 46 | 16 | - | 62 | 9,917 | 9,979 | - | ||
Other commercial loans | 17 | 65 | 351 | 433 | 44,447 | 44,880 | - | ||
Other agricultural loans | - | - | - | - | 9,280 | 9,280 | - | ||
State and political | |||||||||
subdivision loans | - | - | - | - | 60,105 | 60,105 | - | ||
Total | $ 2,848 | $ 641 | $ 4,200 | $ 7,689 | $ 514,643 | $ 522,332 | $ 588 | ||
Loans considered non-accrual | $ 127 | $ 425 | $ 3,612 | $ 4,164 | $ 4,533 | $ 8,697 | |||
Loans still accruing | 2,721 | 216 | 588 | 3,525 | 510,110 | 513,635 | |||
Total | $ 2,848 | $ 641 | $ 4,200 | $ 7,689 | $ 514,643 | $ 522,332 | |||
31-Dec-12 | |||||||||
Real estate loans: | |||||||||
Mortgages | $ 636 | $ 294 | $ 493 | $ 1,423 | $ 105,125 | $ 106,548 | $ 244 | ||
Home Equity | 267 | 17 | 222 | 506 | 71,026 | 71,532 | 88 | ||
Commercial | 602 | - | 2,149 | 2,751 | 173,959 | 176,710 | 152 | ||
Agricultural | 54 | - | - | 54 | 17,961 | 18,015 | - | ||
Construction | - | - | - | - | 12,011 | 12,011 | - | ||
Consumer | 45 | 43 | 4 | 92 | 10,467 | 10,559 | 4 | ||
Other commercial loans | 962 | - | 317 | 1,279 | 40,341 | 41,620 | 18 | ||
Other agricultural loans | - | - | - | - | 6,260 | 6,260 | - | ||
State and political | |||||||||
subdivision loans | - | - | - | - | 59,208 | 59,208 | - | ||
Total | $ 2,566 | $ 354 | $ 3,185 | $ 6,105 | $ 496,358 | $ 502,463 | $ 506 | ||
Loans considered non-accrual | $ 73 | $ 69 | $ 2,679 | $ 2,821 | $ 5,246 | $ 8,067 | |||
Loans still accruing | 2,493 | 285 | 506 | 3,284 | 491,112 | 494,396 | |||
Total | $ 2,566 | $ 354 | $ 3,185 | $ 6,105 | $ 496,358 | $ 502,463 | |||
Nonaccrual Loans | |||||||||
Loans are considered for non-accrual status upon reaching 90 days delinquency, although the Company may be receiving partial payments of interest and partial repayments of principal on such loans or if full payment of principal and interest is not expected. Additionally, if management is made aware of other information including bankruptcy, repossession, death, or legal proceedings, the loan may be placed on non-accrual status. If a loan is 90 days or more past due and is well secured and in the process of collection, it may still be considered accruing. | |||||||||
The following table reflects the financing receivables on non-accrual status as of September 30, 2013 and December 31, 2012, respectively. The balances are presented by class of financing receivable (in thousands): | |||||||||
30-Sep-13 | 31-Dec-12 | ||||||||
Real estate loans: | |||||||||
Mortgages | $ 523 | $ 482 | |||||||
Home Equity | 178 | 181 | |||||||
Commercial | 7,521 | 7,042 | |||||||
Agricultural | - | - | |||||||
Construction | - | - | |||||||
Consumer | 15 | - | |||||||
Other commercial loans | 460 | 362 | |||||||
Other agricultural loans | - | - | |||||||
State and political subdivision | - | - | |||||||
$ 8,697 | $ 8,067 | ||||||||
Troubled Debt Restructurings | |||||||||
In situations where, for economic or legal reasons related to a borrower's financial difficulties, management may grant a concession for other than an insignificant period of time to the borrower that would not otherwise be considered, the related loan is classified as a Troubled Debt Restructuring (TDR). Management strives to identify borrowers in financial difficulty early and work with them to modify more affordable terms before their loan reaches nonaccrual status. These modified terms may include rate reductions, principal forgiveness, payment forbearance and other actions intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral. In cases where borrowers are granted new terms that provide for a reduction of either interest or principal, management measures any impairment on the restructuring by calculating the present value of the revised loan terms and comparing this balance to the Company’s investment in the loan prior to the restructuring. As these loans are individually evaluated, they are excluded from pooled portfolios when calculating the allowance for loan and lease losses and a separate allocation within the allowance for loan and lease losses is provided. Management continually evaluates loans that are considered TDRs, including payment history under the modified loan terms, the borrower’s ability to continue to repay the loan based on continued evaluation of their operating results and cash flows from operations. Based on this evaluation management would no longer consider a loan to be a TDR when the relevant facts support such a conclusion. As of September 30, 2013 and December 31, 2012, included within the allowance for loan losses are reserves of $80,800 and $14,000 respectively, that are associated with loans modified as TDRs. | |||||||||
There were no loan modifications that were considered TDRs during the three months ended September 30, 2013. Loan modifications that are considered TDRs completed during the nine months ended September 30, 2013 and 2012 and the three months ended September 30, 2012, were as follows (dollars in thousands): | |||||||||
For the Nine Months Ended September 30, 2013 | |||||||||
Number of contracts | Pre-modification Outstanding | Post-Modification Outstanding | |||||||
Recorded Investment | Recorded Investment | ||||||||
Interest | Term | Interest | Term | Interest | Term | ||||
Modification | Modification | Modification | Modification | Modification | Modification | ||||
Real estate loans: | |||||||||
Mortgages | 1 | - | $ 72 | $ - | $ 72 | $ - | |||
Commercial | - | 2 | - | 1,365 | - | 1,365 | |||
Other commercial loans | - | 2 | - | 1,530 | - | 1,530 | |||
Total | 1 | 4 | $ 72 | $ 2,895 | $ 72 | $ 2,895 | |||
For the Three Months Ended September 30, 2012 | |||||||||
Number of contracts | Pre-modification Outstanding | Post-Modification Outstanding Recorded Investment | |||||||
Recorded Investment | |||||||||
Interest | Term | Interest | Term | Interest | Term | ||||
Modification | Modification | Modification | Modification | Modification | Modification | ||||
Real estate loans: | |||||||||
Commercial | - | 1 | $ - | $ 62 | $ - | $ 62 | |||
Total | - | 1 | $ - | $ 62 | $ - | $ 62 | |||
For the Nine Months Ended September 30, 2012 | |||||||||
Number of contracts | Pre-modification Outstanding | Post-Modification Outstanding | |||||||
Recorded Investment | Recorded Investment | ||||||||
Interest | Term | Interest | Term | Interest | Term | ||||
Modification | Modification | Modification | Modification | Modification | Modification | ||||
Real estate loans: | |||||||||
Residential mortgage | 1 | 1 | $ 48 | $ 71 | $ 48 | $ 71 | |||
Commercial | - | 3 | - | 160 | - | 160 | |||
Total | 1 | 4 | $ 48 | $ 231 | $ 48 | $ 231 | |||
Recidivism, or the borrower defaulting on its obligation pursuant to a modified loan, results in the loan once again becoming a non-accrual loan. Recidivism occurs at a notably higher rate than do defaults on new origination loans, so modified loans present a higher risk of loss than do new origination loans. The following table presents the recorded investment in loans that were modified as TDRs during each 12-month period prior to the current reporting periods, which begin January 1, 2013 and 2012 (nine month periods) and July 1, 2013 and 2012 (3 month periods), respectively, and that subsequently defaulted during these reporting periods (dollars in thousands): | |||||||||
For the Three Months Ended | For the Nine Months Ended | ||||||||
30-Sep-13 | 30-Sep-12 | 30-Sep-13 | 30-Sep-12 | ||||||
Number of | Recorded | Number of | Recorded | Number of | Recorded | Number of | Recorded | ||
contracts | investment | contracts | investment | contracts | investment | contracts | investment | ||
Real estate loans: | |||||||||
Commercial | - | $ - | - | $ - | - | $ - | 1 | $ 50 | |
Total recidivism | - | $ - | - | $ - | - | $ - | 1 | $ 50 | |
Allowance for Loan Losses | |||||||||
The following table segregates the allowance for loan losses (ALLL) into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of September 30, 2013 and December 31, 2012, respectively (in thousands): | |||||||||
30-Sep-13 | December 31, 2012 | ||||||||
Individually evaluated for impairment | Collectively evaluated for impairment | Total | Individually evaluated for impairment | Collectively evaluated for impairment | Total | ||||
Real estate loans: | |||||||||
Residential | $ 37 | $ 919 | $ 956 | $ 22 | $ 853 | $ 875 | |||
Commercial and agricultural | 560 | 3,852 | 4,412 | 559 | 3,878 | 4,437 | |||
Construction | - | 112 | 112 | - | 38 | 38 | |||
Consumer | - | 114 | 114 | - | 119 | 119 | |||
Other commercial and agricultural loans | 1 | 963 | 964 | 1 | 727 | 728 | |||
State and political subdivision loans | - | 313 | 313 | - | 271 | 271 | |||
Unallocated | - | 199 | 199 | - | 316 | 316 | |||
Total | $ 598 | $ 6,472 | $ 7,070 | $ 582 | $ 6,202 | $ 6,784 | |||
The following tables roll forward the balance of the ALLL by portfolio segment for the three and nine month periods ended September 30, 2013 and 2012, respectively (in thousands): | |||||||||
Balance at | Charge-offs | Recoveries | Provision | Balance at | |||||
June 30, 2013 | 30-Sep-13 | ||||||||
Real estate loans: | |||||||||
Residential | $ 934 | $ (2) | $ 1 | $ 23 | $ 956 | ||||
Commercial and agricultural | 4,240 | - | - | 172 | 4,412 | ||||
Construction | 91 | - | - | 21 | 112 | ||||
Consumer | 114 | (12) | 5 | 7 | 114 | ||||
Other commercial and agricultural loans | 957 | (1) | - | 8 | 964 | ||||
State and political subdivision loans | 310 | - | - | 3 | 313 | ||||
Unallocated | 343 | - | - | (144) | 199 | ||||
Total | $ 6,989 | $ (15) | $ 6 | $ 90 | $ 7,070 | ||||
Balance at | Charge-offs | Recoveries | Provision | Balance at | |||||
December 31, 2012 | 30-Sep-13 | ||||||||
Real estate loans: | |||||||||
Residential | $ 875 | $ (15) | $ 3 | $ 93 | $ 956 | ||||
Commercial and agricultural | 4,437 | - | - | (25) | 4,412 | ||||
Construction | 38 | - | - | 74 | 112 | ||||
Consumer | 119 | (42) | 26 | 11 | 114 | ||||
Other commercial and agricultural loans | 728 | (1) | - | 237 | 964 | ||||
State and political subdivision loans | 271 | - | - | 42 | 313 | ||||
Unallocated | 316 | - | - | (117) | 199 | ||||
Total | $ 6,784 | $ (58) | $ 29 | $ 315 | $ 7,070 | ||||
Balance at | Charge-offs | Recoveries | Provision | Balance at | |||||
30-Jun-12 | 30-Sep-12 | ||||||||
Real estate loans: | |||||||||
Residential | $ 786 | $ - | $ - | $ 79 | $ 865 | ||||
Commercial and agricultural | 4,405 | - | 1 | (175) | 4,231 | ||||
Construction | 19 | - | - | 7 | 26 | ||||
Consumer | 108 | (12) | 9 | (1) | 104 | ||||
Other commercial and agricultural loans | 685 | (20) | 1 | - | 666 | ||||
State and political subdivision loans | 246 | - | - | 28 | 274 | ||||
Unallocated | 401 | - | - | 167 | 568 | ||||
Total | $ 6,650 | $ (32) | $ 11 | $ 105 | $ 6,734 | ||||
Balance at | Charge-offs | Recoveries | Provision | Balance at | |||||
31-Dec-11 | 30-Sep-12 | ||||||||
Real estate loans: | |||||||||
Residential | $ 805 | $ (49) | $ - | $ 109 | $ 865 | ||||
Commercial and agricultural | 4,132 | (2) | 7 | 94 | 4,231 | ||||
Construction | 15 | - | - | 11 | 26 | ||||
Consumer | 111 | (36) | 25 | 4 | 104 | ||||
Other commercial and agricultural loans | 674 | (20) | 7 | 5 | 666 | ||||
State and political subdivision loans | 235 | - | - | 39 | 274 | ||||
Unallocated | 515 | - | - | 53 | 568 | ||||
Total | $ 6,487 | $ (107) | $ 39 | $ 315 | $ 6,734 | ||||
The Company allocates the ALLL based on the factors described below, which conform to the Company’s loan classification policy and credit quality measurements. In reviewing risk within the Bank’s loan portfolio, management has determined there to be several different risk categories within the loan portfolio. The ALLL consists of amounts applicable to: (i) residential real estate loans; (ii) residential real estate home equity loans; (iii) commercial real estate loans; (iv) agricultural real estate loans; (v) real estate construction loans; (vi) commercial and other loans; (vii) consumer loans; (viii) other agricultural loans and (ix) state and political subdivision loans. Factors considered in this process include general loan terms, collateral, and availability of historical data to support the analysis. Historical loss percentages are calculated and used as the basis for calculating allowance allocations. Certain qualitative factors are evaluated to determine additional inherent risks in the loan portfolio, which are not necessarily reflected in the historical loss percentages. These factors are then added to the historical allocation percentage to get the adjusted factor to be applied to non-classified loans. The following qualitative factors are analyzed: | |||||||||
● | Level of and trends in delinquencies, impaired/classified loans | ||||||||
Change in volume and severity of past due loans | |||||||||
Volume of non-accrual loans | |||||||||
Volume and severity of classified, adversely or graded loans; | |||||||||
● | Level of and trends in charge-offs and recoveries; | ||||||||
● | Trends in volume, terms and nature of the loan portfolio; | ||||||||
● | Effects of any changes in risk selection and underwriting standards and any other changes in lending and recovery policies, procedures and practices; | ||||||||
● | Changes in the quality of the Bank’s loan review system; | ||||||||
● | Experience, ability and depth of lending management and other relevant staff; | ||||||||
● | National, state, regional and local economic trends and business conditions | ||||||||
General economic conditions | |||||||||
Unemployment rates | |||||||||
Inflation / Consumer Price Index | |||||||||
Changes in values of underlying collateral for collateral-dependent loans; | |||||||||
● | Industry conditions including the effects of external factors such as competition, legal, and regulatory requirements on the level of estimated credit losses; and | ||||||||
● | Existence and effect of any credit concentrations, and changes in the level of such concentrations. | ||||||||
The Company also maintains an unallocated allowance to account for any factors or conditions that may cause a potential loss but are not specifically addressed in the process described above. The Company analyzes its loan portfolio each quarter to determine the appropriateness of its allowance for loan losses. | |||||||||
Loans determined to be TDRs are impaired and for purposes of estimating the ALLL must be individually evaluated for impairment. In calculating the impairment, the Company calculates the present value utilizing an analysis of discounted cash flows. If the present value calculated is below the recorded investment of the loan, impairment is recognized by a charge to the provision for loan and lease losses and a credit to the ALLL. | |||||||||
We continually review the model utilized in calculating the required allowance. The following qualitative factors experienced changes during the first nine months of 2013: | |||||||||
● | The qualitative factor for national, state, regional and local economic trends and business conditions was increased for all loan categories due to rising unemployment rates in the local economy as a result of the slowdown in Marcellus shale natural gas exploration activities. | ||||||||
● | The qualitative factor for trends in volume, terms and nature of the loan portfolio was increased for commercial and agricultural real estate, other commercial and agricultural loans and state and political subdivision loan categories due to the increase of the number of loans that are participations that were purchased from other banks and therefore subject to different underwriting standards. | ||||||||
● | The qualitative factor for the existence and effect of any credit concentrations and changes in the level of such concentrations was increased for commercial and other loans as a result of growth in these segments and was lowered for commercial and agricultural real estate as the loan growth in these segments has slowed in 2013. | ||||||||
During the third quarter of 2013, there were no significant changes in any qualitative factor. As a result, the change in the allocation of the allowance from June 30, 2013, is mainly attributable to the changes in the loan portfolio balances since that date and the change in the loan grades. The increase in the allowance related to commercial and agricultural real estate in the third quarter was primarily the result of the increase during the period in substandard loans of $2.1 million dollars that were not individually evaluated for impairment. | |||||||||
The following factors experienced changes during the first nine months of 2012: | |||||||||
● | The qualitative factor for changes in values of underlying collateral was decreased for residential and commercial real estate loans due to the fact that the impact from the serious flooding experienced in our primary market in the third quarter of 2011 was not as severe as originally expected. | ||||||||
● | The qualitative factors for changes in levels of and trends in delinquencies, impaired/classified loans were increased for residential real estate due to the increase in the Company’s internal watch list for residential real estate loans since December 31, 2011. | ||||||||
● | The qualitative factors for changes in industry conditions were increased for agricultural real estate and other agricultural loans due to decreases in milk prices and higher livestock feed costs from December 31, 2011 to September 30, 2012. | ||||||||
● | The qualitative factor for national, state, regional and local economic trends and business conditions was increased for all loan categories due to rising unemployment rates in the local economy as a result of the slowdown in the development of the Marcellus gas play. | ||||||||
● | The qualitative factor for changes in the quality of the Bank’s loan review system was increased due to personnel changes, which included a new lender and several lending support positions. | ||||||||
The following factors experienced changes during the three months ended September 30, 2012: | |||||||||
● | The qualitative factor for national, state, regional and local economic trends and business conditions was increased for all loan categories due to rising unemployment rates in the local economy as a result of the slowdown in the development of the Marcellus gas play. | ||||||||
● | The qualitative factor for changes in the quality of the Bank’s loan review system was increased due to personnel changes, which included a new lender and several lending support positions. | ||||||||
● | The qualitative factor for level of and trends in delinquencies, impaired/classified loans was decreased for commercial real estate loans due to the decrease in outstanding loans as of September 30, 2012 that were classified as substandard or special mention in comparison to balances as of June 30, 2012. | ||||||||
The primary factor that resulted in a negative provision for the 2012 third quarter for commercial and agricultural loans was the overall decrease in commercial and agricultural loans from June to September and more specifically the decrease in special mention and substandard loans from June to September. |
Federal_Home_Loan_Bank_Stock
Federal Home Loan Bank Stock | 9 Months Ended |
Sep. 30, 2013 | |
Federal Home Loan Bank Stock [Abstract] | ' |
Federal Home Loan Bank Stock | ' |
Note 6 – Federal Home Loan Bank Stock | |
The Bank is a member of the FHLB of Pittsburgh and as such, is required to maintain a minimum investment in stock of the FHLB that varies with the level of advances outstanding with the FHLB. As of September 30, 2013 and December 31, 2012, the Bank holds $2,667,200 and $3,290,000, respectively. The stock is bought from and sold to the FHLB based upon its $100 par value. The stock does not have a readily determinable fair value and as such is classified as restricted stock, carried at cost and evaluated by management. The stock’s value is determined by the ultimate recoverability of the par value rather than by recognizing temporary declines. The determination of whether the par value will ultimately be recovered is influenced by criteria such as the following: (a) A significant decline in net assets of the FHLB as compared to the capital stock amount and the length of time this situation has persisted (b) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance (c) the impact of legislative and regulatory changes on the customer base of the FHLB and (d) the liquidity position of the FHLB. Management evaluated the stock and concluded that the stock was not impaired for the periods presented herein. Management considered that the FHLB’s regulatory capital ratios have improved in the most recent quarters, liquidity appears adequate, new shares of FHLB stock continue to exchange hands at the $100 par value and the FHLB has repurchased shares of excess capital stock from its members during 2012 and 2013 and has reinstituted the dividend. | |
Employee_Benefit_Plans
Employee Benefit Plans | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Employee Benefit Plans [Abstract] | ' | ||||||||
Employee Benefit Plans | ' | ||||||||
Note 7 - Employee Benefit Plans | |||||||||
For additional detailed disclosure on the Company's pension and employee benefits plans, please refer to Note 11 of the Company's Consolidated Financial Statements included in the 2012 Annual Report on Form 10-K. | |||||||||
Noncontributory Defined Benefit Pension Plan | |||||||||
The Bank sponsors a noncontributory defined benefit pension plan (“Pension Plan”) covering substantially all employees and officers. The Bank’s funding policy is to make annual contributions, if needed, based upon the funding formula developed by the plan’s actuary. Any employee with a hire date of January 1, 2007 or later is not eligible to participate in the Pension Plan. In lieu of the Pension Plan, employees with a hire date of January 1, 2007 or later are eligible to receive, after meeting certain length of service requirements, an annual discretionary 401(k) plan contribution from the Bank equal to a percentage of an employee’s base compensation. The contribution amount, if any, is placed in a separate account within the 401(k) plan and is subject to a vesting requirement. | |||||||||
For employees who are eligible to participate in the Pension Plan, the Pension Plan requires benefits to be paid to eligible employees based primarily upon age and compensation rates during employment. Upon retirement or other termination of employment, employees can elect either an annuity benefit or a lump sum distribution of vested benefits in the Pension Plan. | |||||||||
The following sets forth the components of net periodic benefit costs of the Pension Plan for the three and nine months ended September 30, 2013 and 2012, respectively (in thousands): | |||||||||
Three Months Ended | Nine Months Ended | ||||||||
September 30, | September 30, | ||||||||
2013 | 2012 | 2013 | 2012 | ||||||
Service cost | $ 81 | $ 82 | $ 258 | $ 249 | |||||
Interest cost | 89 | 85 | 274 | 259 | |||||
Expected return on plan assets | (165) | (139) | (508) | (425) | |||||
Net amortization and deferral | 66 | 34 | 194 | 102 | |||||
Net periodic benefit cost | $ 71 | $ 62 | $ 218 | $ 185 | |||||
The Company contributed $1,000,000 to the Pension Plan in 2013. | |||||||||
Defined Contribution Plan | |||||||||
The Company sponsors a voluntary 401(k) savings plan which eligible employees can elect to contribute up to the maximum amount allowable not to exceed the limits of IRS Code Sections 401(k). Under the plan, the Company also makes required contributions on behalf of the eligible employees. The Company’s contributions vest immediately. Contributions by the Company totaled $193,000 and $184,000 for the nine months ended September 30, 2013 and 2012, respectively. For the three months ended September 30, 2013 and 2012, contributions by the Company totaled $45,000 and $52,000, respectively. | |||||||||
Directors’ Deferred Compensation Plan | |||||||||
The Company’s directors may elect to defer all or portions of their fees until their retirement or termination from service. Amounts deferred under the plan earn interest based upon the highest current rate offered to certificate of deposit customers. Amounts deferred under the plan are not guaranteed and represent a general liability of the Company. At September 30, 2013 and December 31, 2012, an obligation of $976,000 and $1,001,000, respectively, was included in other liabilities for this plan in the Consolidated Balance Sheet. Amounts included in interest expense on the deferred amounts totaled $5,000 and $4,000 for each of the three months ended September 30, 2013 and 2012. For the nine months ended September 30, 2013 and 2012, amounts included in interest expense on the deferred amounts totaled $12,000 for both periods. | |||||||||
Restricted Stock Plan | |||||||||
The Company maintains a Restricted Stock Plan (the “Plan”) whereby employees and non-employee corporate directors are eligible to receive awards of restricted stock based upon performance related requirements. Awards granted under the Plan are in the form of the Company’s common stock and are subject to certain vesting requirements including continuous employment or service with the Company. A total of 100,000 shares of the Company’s common stock have been authorized under the Plan. As of September 30, 2013, 67,756 shares remain available to be issued under the Plan. The Plan assists the Company in attracting, retaining and motivating employees to make substantial contributions to the success of the Company and to increase the emphasis on the use of equity as a key component of compensation. | |||||||||
The following table details the vesting, awarding and forfeiting of restricted shares during 2013 and 2012: | |||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||
2013 | 2012 | 2013 | 2012 | ||||||
Weighted | Weighted | Weighted | Weighted | ||||||
Unvested | Average | Unvested | Average | Unvested | Average | Unvested | Average | ||
Shares | Market Price | Shares | Market Price | Shares | Market Price | Shares | Market Price | ||
Outstanding, beginning of period | 7,466 | $ 41.89 | 8,507 | $ 35.16 | 8,646 | $ 35.51 | 9,921 | $ 29.37 | |
Granted | - | - | - | - | 3,027 | 48.21 | 3,808 | 37.10 | |
Forfeited | - | - | - | - | (55) | 37.10 | - | - | |
Vested | - | - | - | - | (4,152) | 33.26 | (5,222) | 25.59 | |
Outstanding, end of period | 7,466 | $ 41.89 | 8,507 | $ 35.16 | 7,466 | $ 41.89 | 8,507 | $ 35.16 | |
Compensation cost related to restricted stock is recognized based on the market price of the stock at the grant date over the vesting period. Compensation expense related to restricted stock was $117,000 and $103,000 for the nine months ended September 30, 2013 and 2012, respectively. For the three months ended September 30, 2013 and 2012, compensation expense totaled $39,000 and $37,000, respectively. | |||||||||
Supplemental Executive Retirement Plan | |||||||||
The Company maintains a non-qualified supplemental executive retirement plan (“SERP”) for certain executives to compensate those executive participants in the Company’s noncontributory defined benefit pension plan whose benefits are limited by compensation limitations under current tax law. At September 30, 2013 and December 31, 2012, an obligation of $1,010,000 and $901,000, respectively, was included in other liabilities for this plan in the Consolidated Balance Sheet. Expenses related to this plan totaled $109,000 and $69,000 for the nine months ended September 30, 2013 and 2012, respectively. For the three months ended September 30, 2013 and 2012, expenses totaled $37,000 and $23,000, respectively. |
Accumulated_Comprehensive_Inco
Accumulated Comprehensive Income | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
Accumulated Comprehensive Income [Abstract] | ' | ||||
Accumulated Comprehensive Income | ' | ||||
Note 8 – Accumulated Comprehensive Income | |||||
The following tables present the changes in accumulated other comprehensive (loss) income by component net of tax for the three and nine months ended September 30, 2013: | |||||
Three Months Ended September 30, 2013 | |||||
Unrealized gain (loss) | Unrealized gain | Defined Benefit Pension Items | Total | ||
on available for sale | (loss) on interest | (a) | |||
securities (a) | rate swap (a) | ||||
Balance as of June 30, 2013 | $ 1,259 | $ (65) | $ (1,907) | $ (713) | |
Other comprehensive income (loss) before reclassifications (net of tax) | (121) | 35 | - | (86) | |
Amounts reclassified from accumulated other | |||||
comprehensive (loss) income (net of tax) | (61) | - | 44 | -17 | |
Net current period other comprehensive income (loss) | (182) | 35 | 44 | (103) | |
Balance as of September 30, 2013 | $ 1,077 | $ (30) | $ (1,863) | $ (816) | |
Nine months Ended September 30, 2013 | |||||
Unrealized gain (loss) | Unrealized gain | Defined Benefit Pension Items | Total | ||
on available for sale securities (a) | (loss) on interest | (a) | |||
rate swap (a) | |||||
Balance as of December 31, 2012 | $ 6,754 | $ (132) | $ (1,991) | $ 4,631 | |
Other comprehensive income (loss) before reclassifications (net of tax) | (5,422) | 102 | - | (5,320) | |
Amounts reclassified from accumulated other | |||||
comprehensive (loss) income (net of tax) | (255) | - | 128 | (127) | |
Net current period other comprehensive income (loss) | (5,677) | 102 | 128 | (5,447) | |
Balance as of September 30, 2013 | $ 1,077 | $ (30) | $ (1,863) | $ (816) | |
(a) Amounts in parentheses indicate debits | |||||
The following table presents the significant amounts reclassified out of each component of accumulated other comprehensive income for the three and nine months ended September 30, 2013: | |||||
Details about accumulated other comprehensive (loss) income | Amount reclassified from accumulated comprehensive (loss) income (a) | Affected line item in the statement where net Income is presented | |||
Three Months Ended | Nine Months Ended | ||||
30-Sep-13 | |||||
Unrealized gains and losses on available for sale securities | |||||
$ 91 | $ 385 | Investment securities gains, net | |||
(30) | (130) | Provision for income taxes | |||
$ 61 | $ 255 | Net of tax | |||
Defined benefit pension items | |||||
$ (66) | $ (194) | Salaries and employee benefits | |||
22 | 66 | Provision for income taxes | |||
$ (44) | $ (128) | Net of tax | |||
(a) Amounts in parentheses indicate debits to profit/loss |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Fair Value Measurements [Abstract] | ' | ||||||||||
Fair Value Measurements | ' | ||||||||||
Note 9 – Fair Value Measurements | |||||||||||
The Company established a hierarchal disclosure framework associated with the level of pricing observability utilized in measuring assets and liabilities at fair value. The three broad levels defined by this hierarchy are as follows: | |||||||||||
Level I: | Quoted prices are available in active markets for identical assets or liabilities as of the reported date. | ||||||||||
Level II: | Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities include items for which quoted prices are available but traded less frequently, and items that are fair valued using other financial instruments, the parameters of which can be directly observed. | ||||||||||
Level III: | Assets and liabilities that have little to no pricing observability as of the reported date. These items do not have two-way markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation. | ||||||||||
A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. | |||||||||||
In general, fair value is based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon internally developed models that primarily use, as inputs, observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include amounts to reflect counterparty credit quality, the Company's creditworthiness, among other things, as well as unobservable parameters. Any such valuation adjustments are applied consistently over time. Our valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While management believes the Company’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. Transfers between levels of the fair value hierarchy are recognized on the actual date of the event or circumstances that caused the transfer, which generally coincides with the Company’s monthly and/or quarterly valuation process. | |||||||||||
Financial Instruments Recorded at Fair Value on a Recurring Basis | |||||||||||
The fair values of securities available for sale are determined by quoted prices in active markets, when available, and classified as Level I. If quoted market prices are not available, the fair value is determined by a 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 by relying on the securities’ relationship to other benchmark quoted securities and classified as Level II. The fair values consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information and the bond’s terms and conditions, among other things. | |||||||||||
Currently, we use an interest rate swap, which is a derivative, to manage our interest rate risk related to the trust preferred security. The valuation of this instrument is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative and classified as Level II. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including LIBOR rate curves. We also obtain dealer quotations for these derivatives for comparative purposes to assess the reasonableness of the model valuations. | |||||||||||
The following tables present the assets and liabilities reported on the consolidated balance sheet at their fair value on a recurring basis as of September 30, 2013 and December 31, 2012 by level within the fair value hierarchy (in thousands). Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. | |||||||||||
September 30, 2013 | Level I | Level II | Level III | Total | |||||||
Fair value measurements on a recurring basis: | |||||||||||
Assets | |||||||||||
Securities available for sale: | |||||||||||
U.S. agency securities | $ - | $ 145,932 | $ - | $ 145,932 | |||||||
U.S. treasury securities | 11,480 | 11,480 | |||||||||
Obligations of state and | |||||||||||
political subdivisions | - | 97,164 | - | 97,164 | |||||||
Corporate obligations | - | 19,909 | - | 19,909 | |||||||
Mortgage-backed securities in | |||||||||||
government sponsored entities | - | 42,468 | - | 42,468 | |||||||
Equity securities in financial institutions | 1,499 | - | - | 1,499 | |||||||
Liabilities | |||||||||||
Trust Preferred Interest Rate Swap | - | -46 | - | -46 | |||||||
December 31, 2012 | |||||||||||
Fair value measurements on a recurring basis: | |||||||||||
Assets | |||||||||||
Securities available for sale: | |||||||||||
U.S. agency securities | $ - | $ 127,234 | $ - | $ 127,234 | |||||||
U.S. treasury securities | - | 4,947 | - | 4,947 | |||||||
Obligations of state and | |||||||||||
political subdivisions | - | 100,875 | - | 100,875 | |||||||
Corporate obligations | - | 22,109 | - | 22,109 | |||||||
Mortgage-backed securities in | |||||||||||
government sponsored entities | - | 53,673 | - | 53,673 | |||||||
Equity securities in financial institutions | 1,414 | - | - | 1,414 | |||||||
Liabilities | |||||||||||
Trust Preferred Interest Rate Swap | - | -200 | - | -200 | |||||||
Financial Instruments, Non-Financial Assets and Non-Financial Liabilities Recorded at Fair Value on a Nonrecurring Basis | |||||||||||
The Company may be required, from time to time, to measure certain financial assets, financial liabilities, non-financial assets and non-financial liabilities at fair value on a nonrecurring basis in accordance with U.S. generally accepted accounting principles. These include assets that are measured at the lower of cost or market value that were recognized at fair value below cost at the end of the period. Certain non-financial assets measured at fair value on a non-recurring basis include foreclosed assets (upon initial recognition or subsequent impairment), non-financial assets and non-financial liabilities measured at fair value in the second step of a goodwill impairment test, and intangible assets and other non-financial long-lived assets measured at fair value for impairment assessment. Non-financial assets measured at fair value on a non-recurring basis during 2013 and 2012 include certain foreclosed assets which, upon initial recognition, were remeasured and reported at fair value through a charge-off to the allowance for possible loan losses and certain foreclosed assets which, subsequent to their initial recognition, were remeasured at fair value through a write-down included in other non-interest expense. | |||||||||||
● | Impaired Loans - Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures impairment using one of several methods, including collateral value, liquidation value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceed the recorded investments in such loans. Collateral values are estimated using Level 2 inputs based on observable market data or Level 3 inputs based on customized discounting criteria. For a majority of impaired real estate related loans, the Company obtains a current external appraisal. Other valuation techniques are used as well, including internal valuations, comparable property analysis and contractual sales information. | ||||||||||
● | Other Real Estate owned – Other real estate owned, which is obtained through the Bank’s foreclosure process is valued utilizing the appraised collateral value. Collateral values are estimated using Level 2 inputs based on observable market data or Level 3 inputs based on customized discounting criteria. At the time the foreclosure is completed, the Company obtains an updated external appraisal. | ||||||||||
Assets measured at fair value on a nonrecurring basis as of September 30, 2013 and December 31, 2012 are included in the table below (in thousands): | |||||||||||
September 30, 2013 | Level I | Level II | Level III | T otal | |||||||
Impaired Loans | $ - | $ - | $ 10,288 | $ 10,288 | |||||||
Other real estate owned | - | - | 501 | 501 | |||||||
December 31, 2012 | |||||||||||
Impaired Loans | $ - | $ - | $ 9,836 | $ 9,836 | |||||||
Other real estate owned | - | - | 616 | 616 | |||||||
The following table provides a listing of the significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques. | |||||||||||
Fair value as of | |||||||||||
September 30, | December 31, | Valuation Technique(s) | Unobservable input | Range | |||||||
2013 | 2012 | ||||||||||
Impaired Loans | $ 4,470 | $ 4,882 | Discounted Cash Flows | Discount rates | 0-7% | ||||||
5,818 | 4,954 | Appraised Collateral Values | Discount for time since appraisal | 0-20% | |||||||
Selling costs | 0%-10% | ||||||||||
Holding period | 0 - 18 months | ||||||||||
Other real estate owned | 501 | 616 | Appraised Collateral Values | Discount for time since appraisal | 0-20% | ||||||
Selling costs | 0%-10% | ||||||||||
Holding period | 0 - 18 months | ||||||||||
The fair values of the Company’s financial instruments are as follows (in thousands): | |||||||||||
Carrying | |||||||||||
30-Sep-13 | Amount | Fair Value | Level I | Level II | Level III | ||||||
Financial assets: | |||||||||||
Cash and due from banks | $ 13,756 | $ 13,756 | $ 13,756 | $ - | $ - | ||||||
Interest bearing time deposits with other banks | 2,480 | 2,477 | 2,477 | ||||||||
Available-for-sale securities | 318,452 | 318,452 | 1,499 | 316,953 | - | ||||||
Loans held for sale | 260 | 260 | 260 | ||||||||
Net loans | 515,262 | 532,086 | - | - | 532,086 | ||||||
Bank owned life insurance | 14,554 | 14,554 | 14,554 | - | - | ||||||
Regulatory stock | 2,942 | 2,942 | 2,942 | - | - | ||||||
Accrued interest receivable | 3,815 | 3,815 | 3,815 | - | - | ||||||
Financial liabilities: | |||||||||||
Deposits | $ 758,656 | $ 761,221 | $ 490,390 | $ - | $ 270,831 | ||||||
Borrowed funds | 43,163 | 40,023 | - | 40,023 | - | ||||||
Trust preferred interest rate swap | 46 | 46 | - | 46 | - | ||||||
Accrued interest payable | 971 | 971 | 971 | - | - | ||||||
Carrying | |||||||||||
31-Dec-12 | Amount | Fair Value | Level I | Level II | Level III | ||||||
Financial assets: | |||||||||||
Cash and due from banks | $ 26,333 | $ 26,333 | $ 26,333 | $ - | $ - | ||||||
Available-for-sale securities | 310,252 | 310,252 | 1,414 | 308,838 | - | ||||||
Loans held for sale | 1,458 | 1,458 | 1,458 | ||||||||
Net loans | 495,679 | 522,502 | - | - | 522,502 | ||||||
Bank owned life insurance | 14,177 | 14,177 | 14,177 | - | - | ||||||
Regulatory stock | 3,565 | 3,565 | 3,565 | - | - | ||||||
Accrued interest receivable | 3,816 | 3,816 | 3,816 | - | - | ||||||
Financial liabilities: | |||||||||||
Deposits | $ 737,096 | $ 742,422 | $ 462,557 | $ - | $ 279,865 | ||||||
Borrowed funds | 46,126 | 43,403 | - | 43,403 | - | ||||||
Trust preferred interest rate swap | 200 | 200 | - | 200 | - | ||||||
Accrued interest payable | 1,143 | 1,143 | 1,143 | - | - | ||||||
Fair value is determined, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions can significantly affect the estimates. | |||||||||||
Fair values have been determined by the Company using historical data, as generally provided in the Company’s regulatory reports, and an estimation methodology suitable for each category of financial instruments. The Company’s fair value estimates, methods and assumptions are set forth below for the Company’s other financial instruments. | |||||||||||
Cash and Cash Equivalents: | |||||||||||
The carrying amounts for cash and due from banks approximate fair value because they have original maturities of 90 days or less and do not present unanticipated credit concerns. | |||||||||||
Accrued Interest Receivable and Payable: | |||||||||||
The carrying amounts for accrued interest receivable and payable approximate fair value because they are generally received or paid in 90 days or less and do not present unanticipated credit concerns. | |||||||||||
Interest bearing time deposits with other banks: | |||||||||||
The fair value of interest bearing time deposits with other banks is based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently offered for deposits of similar remaining maturities. | |||||||||||
Available-For-Sale Securities: | |||||||||||
The fair values of available-for-sale securities are based on quoted market prices as of the balance sheet date. For certain instruments, fair value is estimated by obtaining quotes from independent dealers. | |||||||||||
Loans held for sale | |||||||||||
The carrying amount for loans held for sale approximates fair value as the loans are only held for less than a week from origination. | |||||||||||
Loans: | |||||||||||
Fair values are estimated for portfolios of loans with similar financial characteristics. The fair value of performing loans has been estimated by discounting expected future cash flows. The discount rate used in these calculations is derived from the Treasury yield curve adjusted for credit quality, operating expense and prepayment option price, and is calculated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates that reflect the credit and interest rate risk inherent in the loan. The estimate of maturity is based on the Company’s historical experience with repayments for each loan classification, modified as required by an estimate of the effect of current economic and lending conditions. | |||||||||||
Fair value for significant nonperforming loans is based on recent external appraisals. If appraisals are not available, estimated cash flows are discounted using a rate commensurate with the risk associated with the estimated cash flows. Assumptions regarding credit risk, cash flows, and discount rates are judgmentally determined using available market information and specific borrower information. | |||||||||||
Bank Owned Life Insurance: | |||||||||||
The carrying value of bank owned life insurance approximates fair value based on applicable redemption provisions. | |||||||||||
Regulatory Stock: | |||||||||||
The carrying value of regulatory stock approximates fair value based on applicable redemption provisions. | |||||||||||
Deposits: | |||||||||||
The fair value of deposits with no stated maturity, such as noninterest-bearing demand deposits, savings and NOW accounts, and money market accounts, is equal to the amount payable on demand. The fair value of certificates of deposit is based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently offered for deposits of similar remaining maturities. | |||||||||||
The deposits’ fair value estimates do not include the benefit that results from the low-cost funding provided by the deposit liabilities compared to the cost of borrowing funds in the market, commonly referred to as the core deposit intangible. | |||||||||||
Borrowed Funds: | |||||||||||
Rates available to the Company for borrowed funds with similar terms and remaining maturities are used to estimate the fair value of borrowed funds. | |||||||||||
Trust Preferred Interest Rate Swap: | |||||||||||
The fair value of the trust preferred interest rate swap is based on a pricing model that utilizes a yield curve and information contained in the swap agreement. |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2013 | |
Recent Accounting Pronouncements [Abstract] | ' |
Recent Accounting Pronouncements | ' |
Note 10 – Recent Accounting Pronouncements | |
In February 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. The amendments in this Update require an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. generally accepted accounting principles (GAAP) to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. For public entities, the amendments are effective prospectively for reporting periods beginning after December 15, 2012. For nonpublic entities, the amendments are effective prospectively for reporting periods beginning after December 15, 2013. Early adoption is permitted. The expanded disclosures are presented in Note 8. | |
In July 2013, the FASB issued ASU 2013-10, Derivatives and Hedging (Topic 815): Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes. The amendments in this Update permit the Fed Funds Effective Swap Rate (OIS) to be used as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815, in addition to UST and LIBOR. The amendments also remove the restriction on using different benchmark rates for similar hedges. The amendments are effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. | |
In July 2013, the FASB issued ASU 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. This Update applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The amendments in this Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. For nonpublic entities, the amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. Early adoption is permitted. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. |
Earnings_per_Share_Tables
Earnings per Share (Tables) | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
Earnings per Share [Abstract] | ' | ||||
Computation of earnings per share | ' | ||||
The following table sets forth the computation of earnings per share. Earnings per share calculations give retroactive effect to stock dividends declared by the Company. | |||||
Three months ended | Nine months ended | ||||
September 30, | September 30, | ||||
2013 | 2012 | 2013 | 2012 | ||
Net income applicable to common stock | $3,512,000 | $3,464,000 | $10,079,000 | $10,666,000 | |
Basic earnings per share computation | |||||
Weighted average common shares outstanding | 3,024,507 | 3,052,628 | 3,029,801 | 3,059,808 | |
Earnings per share - basic | $1.16 | $1.13 | $3.33 | $3.49 | |
Diluted earnings per share computation | |||||
Weighted average common shares outstanding for basic earnings per share | 3,024,507 | 3,052,628 | 3,029,801 | 3,059,808 | |
Add: Dilutive effects of restricted stock | 1,483 | 2,066 | 1,288 | 1,762 | |
Weighted average common shares outstanding for dilutive earnings per share | 3,025,990 | 3,054,694 | 3,031,089 | 3,061,570 | |
Earnings per share - diluted | $1.16 | $1.13 | $3.33 | $3.48 | |
Investments_Tables
Investments (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Investments [Abstract] | ' | |||||||
Summary of amortized cost and fair value of investment securities | ' | |||||||
The amortized cost and fair value of investment securities at September 30, 2013 and December 31, 2012 were as follows (in thousands): | ||||||||
Gross | Gross | |||||||
Amortized | Unrealized | Unrealized | Fair | |||||
30-Sep-13 | Cost | Gains | Losses | Value | ||||
Available-for-sale securities: | ||||||||
U.S. agency securities | $ 146,649 | $ 890 | $ (1,607) | $ 145,932 | ||||
U.S. treasury securities | 11,850 | - | (370) | 11,480 | ||||
Obligations of state and | ||||||||
political subdivisions | 95,608 | 2,594 | (1,038) | 97,164 | ||||
Corporate obligations | 20,039 | 346 | (476) | 19,909 | ||||
Mortgage-backed securities in | ||||||||
government sponsored entities | 41,869 | 789 | (190) | 42,468 | ||||
Equity securities in financial | ||||||||
institutions | 803 | 696 | - | 1,499 | ||||
Total available-for-sale securities | $ 316,818 | $ 5,315 | $ (3,681) | $ 318,452 | ||||
31-Dec-12 | ||||||||
Available-for-sale securities: | ||||||||
U.S. agency securities | $ 125,125 | $ 2,150 | $ (41) | $ 127,234 | ||||
U.S. treasury securities | 4,922 | 25 | - | 4,947 | ||||
Obligations of state and | ||||||||
political subdivisions | 95,288 | 5,721 | (134) | 100,875 | ||||
Corporate obligations | 21,699 | 452 | (42) | 22,109 | ||||
Mortgage-backed securities in | ||||||||
government sponsored entities | 52,072 | 1,728 | (127) | 53,673 | ||||
Equity securities in financial institutions | 912 | 502 | - | 1,414 | ||||
Total available-for-sale securities | $ 300,018 | $ 10,578 | $ (344) | $ 310,252 | ||||
Unrealized losses and fair value of investments | ' | |||||||
The following table shows the Company’s gross unrealized losses and fair value of the Company’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time, which individual securities have been in a continuous unrealized loss position, at September 30, 2013 and December 31, 2012 (in thousands). As of September 30, 2013, the Company owned 75 securities whose fair value was less than their cost basis. | ||||||||
30-Sep-13 | Less than Twelve Months | Twelve Months or Greater | Total | |||||
Gross | Gross | Gross | ||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||
Value | Losses | Value | Losses | Value | Losses | |||
U.S. agency securities | $ 80,162 | $ (1,607) | $ - | $ - | $ 80,162 | $ (1,607) | ||
U.S. treasury securities | 11,480 | -370 | - | - | 11,480 | -370 | ||
Obligations of state and | ||||||||
political subdivisions | 20,396 | -978 | 1,642 | (60) | 22,038 | -1,038 | ||
Corporate obligations | 12,009 | -476 | - | - | 12,009 | -476 | ||
Mortgage-backed securities in | ||||||||
government sponsored entities | 14,672 | -176 | 827 | (14) | 15,499 | -190 | ||
Total securities | $ 138,719 | $ (3,607) | $ 2,469 | $ (74) | $ 141,188 | $ (3,681) | ||
31-Dec-12 | ||||||||
U.S. agency securities | $ 6,016 | $ (41) | $ - | $ - | $ 6,016 | $ (41) | ||
Obligations of states and | ||||||||
political subdivisions | 7,981 | (134) | - | - | 7,981 | (134) | ||
Corporate obligations | 10,972 | (42) | - | - | 10,972 | (42) | ||
Mortgage-backed securities in | ||||||||
government sponsored entities | 8,651 | (127) | - | - | 8,651 | (127) | ||
Total securities | $ 33,620 | $ (344) | $ - | $ - | $ 33,620 | $ (344) | ||
Gross gains and losses on available-for-sale securities | ' | |||||||
The gross gains and losses were as follows (in thousands): | ||||||||
Three Months Ended | Nine Months Ended | |||||||
September30, | September30, | |||||||
2013 | 2012 | 2013 | 2012 | |||||
Gross gains | $ 91 | $ 240 | $ 525 | $ 561 | ||||
Gross losses | - | - | (140) | - | ||||
Net gains | $ 91 | $ 240 | $ 385 | $ 561 | ||||
Summary of amortized cost and fair value of debt securities by contractual maturity | ' | |||||||
The amortized cost and fair value of debt securities at September 30, 2013, by contractual maturity, are shown below (in thousands): | ||||||||
Amortized | ||||||||
Cost | Fair Value | |||||||
Available-for-sale debt securities: | ||||||||
Due in one year or less | $ 12,531 | $ 12,626 | ||||||
Due after one year through five years | 104,250 | 104,486 | ||||||
Due after five years through ten years | 84,875 | 84,107 | ||||||
Due after ten years | 114,359 | 115,734 | ||||||
Total | $ 316,015 | $ 316,953 |
Loans_Tables
Loans (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Loans [Abstract] | ' | ||||||||
Summary of loan portfolio and allowance for loan losses | ' | ||||||||
The following table summarizes the primary segments of the loan portfolio and how those segments are analyzed within the allowance for loan losses as of September 30, 2013 and December 31, 2012 (in thousands): | |||||||||
30-Sep-13 | Total Loans | Individually evaluated for impairment | Collectively evaluated for impairment | ||||||
Real estate loans: | |||||||||
Residential | $ 183,370 | $ 482 | $ 182,888 | ||||||
Commercial and agricultural | 196,446 | 8,594 | 187,852 | ||||||
Construction | 18,272 | - | 18,272 | ||||||
Consumer | 9,979 | 15 | 9,964 | ||||||
Other commercial and agricultural loans | 54,160 | 1,795 | 52,365 | ||||||
State and political subdivision loans | 60,105 | - | 60,105 | ||||||
Total | 522,332 | $ 10,886 | $ 511,446 | ||||||
Allowance for loan losses | 7,070 | ||||||||
Net loans | $ 515,262 | ||||||||
31-Dec-12 | Total Loans | Individually evaluated for impairment | Collectively evaluated for impairment | ||||||
Real estate loans: | |||||||||
Residential | $ 178,080 | $ 424 | $ 177,656 | ||||||
Commercial and agricultural | 194,725 | 9,093 | 185,632 | ||||||
Construction | 12,011 | - | 12,011 | ||||||
Consumer | 10,559 | - | 10,559 | ||||||
Other commercial and agricultural loans | 47,880 | 901 | 46,979 | ||||||
State and political subdivision loans | 59,208 | - | 59,208 | ||||||
Total | 502,463 | $ 10,418 | $ 492,045 | ||||||
Allowance for loan losses | 6,784 | ||||||||
Net loans | $ 495,679 | ||||||||
Impaired financing receivables with associated allowance amount | ' | ||||||||
The following table includes the recorded investment and unpaid principal balances for impaired financing receivables by class, with the associated allowance amount, if applicable (in thousands): | |||||||||
Recorded | Recorded | ||||||||
Unpaid | Investment | Investment | Total | ||||||
Principal | With No | With | Recorded | Related | |||||
30-Sep-13 | Balance | Allowance | Allowance | Investment | Allowance | ||||
Real estate loans: | |||||||||
Mortgages | $ 375 | $ 141 | $ 206 | $ 347 | $ 24 | ||||
Home Equity | 135 | - | 135 | 135 | 13 | ||||
Commercial | 10,052 | 5,714 | 2,880 | 8,594 | 560 | ||||
Agricultural | - | - | - | - | - | ||||
Construction | - | - | - | - | - | ||||
Consumer | 15 | 15 | - | 15 | - | ||||
Other commercial loans | 1,851 | 1,438 | 357 | 1,795 | 1 | ||||
Other agricultural loans | - | - | - | - | - | ||||
State and political | |||||||||
subdivision loans | - | - | - | - | - | ||||
Total | $ 12,428 | $ 7,308 | $ 3,578 | $ 10,886 | $ 598 | ||||
31-Dec-12 | |||||||||
Real estate loans: | |||||||||
Mortgages | $ 309 | $ 150 | $ 136 | $ 286 | $ 8 | ||||
Home Equity | 138 | - | 138 | 138 | 14 | ||||
Commercial | 10,669 | 6,476 | 2,617 | 9,093 | 559 | ||||
Agricultural | - | - | - | - | - | ||||
Construction | - | - | - | - | - | ||||
Consumer | - | - | - | - | - | ||||
Other commercial loans | 950 | 592 | 309 | 901 | 1 | ||||
Other agricultural loans | - | - | - | - | - | ||||
State and political | |||||||||
subdivision loans | - | - | - | - | - | ||||
Total | $ 12,066 | $ 7,218 | $ 3,200 | $ 10,418 | $ 582 | ||||
The following table includes the average balance of impaired financing receivables by class and the income recognized on impaired loans for the three and nine month periods ended September 30, 2013 and 2012 (in thousands): | |||||||||
For the Nine Months ended | |||||||||
30-Sep-13 | 30-Sep-12 | ||||||||
Interest | Interest | ||||||||
Average | Interest | Income | Average | Interest | Income | ||||
Recorded | Income | Recognized | Recorded | Income | Recognized | ||||
Investment | Recognized | Cash Basis | Investment | Recognized | Cash Basis | ||||
Real estate loans: | |||||||||
Mortgages | $ 336 | $ 6 | $ - | $ 139 | $ 2 | $ - | |||
Home Equity | 136 | 3 | - | 100 | 3 | 1 | |||
Commercial | 8,521 | 426 | 361 | 7,891 | 74 | 45 | |||
Agricultural | - | - | - | - | - | - | |||
Construction | - | - | - | - | - | - | |||
Consumer | 2 | - | - | - | - | - | |||
Other commercial loans | 1,740 | 58 | - | 439 | - | - | |||
Other agricultural loans | - | - | - | - | - | - | |||
State and political | |||||||||
subdivision loans | - | - | - | - | - | - | |||
Total | $ 10,735 | $ 493 | $ 361 | $ 8,569 | $ 79 | $ 46 | |||
For the Three Months Ended | |||||||||
30-Sep-13 | 30-Sep-12 | ||||||||
Interest | Interest | ||||||||
Average | Interest | Income | Average | Interest | Income | ||||
Recorded | Income | Recognized | Recorded | Income | Recognized | ||||
Investment | Recognized | Cash Basis | Investment | Recognized | Cash Basis | ||||
Real estate loans: | |||||||||
Mortgages | $ 349 | $ 2 | $ - | $ 253 | $ 1 | $ - | |||
Home Equity | 135 | 1 | - | 113 | 1 | - | |||
Commercial | 8,372 | 342 | 326 | 7,398 | 35 | 22 | |||
Agricultural | - | - | - | - | - | - | |||
Construction | - | - | - | - | - | - | |||
Consumer | 5 | - | - | - | - | - | |||
Other commercial loans | 1,647 | 17 | - | 382 | - | - | |||
Other agricultural loans | - | - | - | - | - | - | |||
State and political | |||||||||
subdivision loans | - | - | - | - | - | - | |||
Total | $ 10,508 | $ 362 | $ 326 | $ 8,146 | $ 37 | $ 22 | |||
Summary of financing receivable credit exposures by internally assigned grades | ' | ||||||||
The following tables represent credit exposures by internally assigned grades as of September 30, 2013 and December 31, 2012 (in thousands): | |||||||||
30-Sep-13 | Pass | Special Mention | Substandard | Doubtful | Loss | Ending Balance | |||
Real estate loans: | |||||||||
Commercial | $ 150,711 | $ 3,045 | $ 21,566 | $ 211 | $ - | $ 175,533 | |||
Agricultural | 15,054 | 3,845 | 2,014 | - | - | 20,913 | |||
Construction | 18,272 | - | - | - | - | 18,272 | |||
Other commercial loans | 40,948 | 1,526 | 2,398 | 8 | - | 44,880 | |||
Other agricultural loans | 7,142 | 865 | 1,273 | - | - | 9,280 | |||
State and political | |||||||||
subdivision loans | 60,105 | - | - | - | - | 60,105 | |||
Total | $ 292,232 | $ 9,281 | $ 27,251 | $ 219 | $ - | $ 328,983 | |||
31-Dec-12 | |||||||||
Real estate loans: | |||||||||
Commercial | $ 149,892 | $ 7,616 | $ 19,127 | $ 75 | $ - | $ 176,710 | |||
Agricultural | 13,690 | 2,386 | 1,939 | - | - | 18,015 | |||
Construction | 12,011 | - | - | - | - | 12,011 | |||
Other commercial loans | 39,239 | 826 | 1,555 | - | - | 41,620 | |||
Other agricultural loans | 4,833 | 589 | 838 | - | - | 6,260 | |||
State and political | |||||||||
subdivision loans | 58,120 | - | 1,088 | - | - | 59,208 | |||
Total | $ 277,785 | $ 11,417 | $ 24,547 | $ 75 | $ - | $ 313,824 | |||
For residential real estate mortgages, home equity and consumer loans, credit quality is monitored based on whether the loan is performing or non-performing, which is typically based on the aging status of the loan and payment activity, unless a specific action, such as bankruptcy, repossession, death or significant delay in payment occurs to raise awareness of a possible credit event. Non-performing loans include those loans that are considered nonaccrual, described in more detail below and all loans past due 90 or more days. The following table presents the recorded investment in those loan classes based on payment activity as of September 30, 2013 and December 31, 2012 (in thousands): | |||||||||
30-Sep-13 | Performing | Non-performing | Total | ||||||
Real estate loans: | |||||||||
Mortgages | $ 114,291 | $ 718 | $ 115,009 | ||||||
Home Equity | 68,089 | 272 | 68,361 | ||||||
Consumer | 9,964 | 15 | 9,979 | ||||||
Total | $ 192,344 | $ 1,005 | $ 193,349 | ||||||
31-Dec-12 | |||||||||
Real estate loans: | |||||||||
Mortgages | $ 105,822 | $ 726 | $ 106,548 | ||||||
Home Equity | 71,263 | 269 | 71,532 | ||||||
Consumer | 10,555 | 4 | 10,559 | ||||||
Total | $ 187,640 | $ 999 | $ 188,639 | ||||||
Age analysis of past due financing receivables | ' | ||||||||
Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. The following table includes an aging analysis of the recorded investment of past due financing receivables as of September 30, 2013 and December 31, 2012 (in thousands): | |||||||||
30-59 Days | 60-89 Days | 90 Days | Total Past | Total Financing | 90 Days and | ||||
30-Sep-13 | Past Due | Past Due | Or Greater | Due | Current | Receivables | Accruing | ||
Real estate loans: | |||||||||
Mortgages | $ 935 | $ 140 | $ 600 | $ 1,675 | $ 113,334 | $ 115,009 | $ 195 | ||
Home Equity | 539 | 137 | 230 | 906 | 67,455 | 68,361 | 94 | ||
Commercial | 1,186 | 283 | 3,019 | 4,488 | 171,045 | 175,533 | 299 | ||
Agricultural | 125 | - | - | 125 | 20,788 | 20,913 | - | ||
Construction | - | - | - | - | 18,272 | 18,272 | - | ||
Consumer | 46 | 16 | - | 62 | 9,917 | 9,979 | - | ||
Other commercial loans | 17 | 65 | 351 | 433 | 44,447 | 44,880 | - | ||
Other agricultural loans | - | - | - | - | 9,280 | 9,280 | - | ||
State and political | |||||||||
subdivision loans | - | - | - | - | 60,105 | 60,105 | - | ||
Total | $ 2,848 | $ 641 | $ 4,200 | $ 7,689 | $ 514,643 | $ 522,332 | $ 588 | ||
Loans considered non-accrual | $ 127 | $ 425 | $ 3,612 | $ 4,164 | $ 4,533 | $ 8,697 | |||
Loans still accruing | 2,721 | 216 | 588 | 3,525 | 510,110 | 513,635 | |||
Total | $ 2,848 | $ 641 | $ 4,200 | $ 7,689 | $ 514,643 | $ 522,332 | |||
31-Dec-12 | |||||||||
Real estate loans: | |||||||||
Mortgages | $ 636 | $ 294 | $ 493 | $ 1,423 | $ 105,125 | $ 106,548 | $ 244 | ||
Home Equity | 267 | 17 | 222 | 506 | 71,026 | 71,532 | 88 | ||
Commercial | 602 | - | 2,149 | 2,751 | 173,959 | 176,710 | 152 | ||
Agricultural | 54 | - | - | 54 | 17,961 | 18,015 | - | ||
Construction | - | - | - | - | 12,011 | 12,011 | - | ||
Consumer | 45 | 43 | 4 | 92 | 10,467 | 10,559 | 4 | ||
Other commercial loans | 962 | - | 317 | 1,279 | 40,341 | 41,620 | 18 | ||
Other agricultural loans | - | - | - | - | 6,260 | 6,260 | - | ||
State and political | |||||||||
subdivision loans | - | - | - | - | 59,208 | 59,208 | - | ||
Total | $ 2,566 | $ 354 | $ 3,185 | $ 6,105 | $ 496,358 | $ 502,463 | $ 506 | ||
Loans considered non-accrual | $ 73 | $ 69 | $ 2,679 | $ 2,821 | $ 5,246 | $ 8,067 | |||
Loans still accruing | 2,493 | 285 | 506 | 3,284 | 491,112 | 494,396 | |||
Total | $ 2,566 | $ 354 | $ 3,185 | $ 6,105 | $ 496,358 | $ 502,463 | |||
Summary of financing receivables on nonaccrual status | ' | ||||||||
The following table reflects the financing receivables on non-accrual status as of September 30, 2013 and December 31, 2012, respectively. The balances are presented by class of financing receivable (in thousands): | |||||||||
30-Sep-13 | 31-Dec-12 | ||||||||
Real estate loans: | |||||||||
Mortgages | $ 523 | $ 482 | |||||||
Home Equity | 178 | 181 | |||||||
Commercial | 7,521 | 7,042 | |||||||
Agricultural | - | - | |||||||
Construction | - | - | |||||||
Consumer | 15 | - | |||||||
Other commercial loans | 460 | 362 | |||||||
Other agricultural loans | - | - | |||||||
State and political subdivision | - | - | |||||||
$ 8,697 | $ 8,067 | ||||||||
Summary of troubled debt restructurings on financing receivables | ' | ||||||||
There were no loan modifications that were considered TDRs during the three months ended September 30, 2013. Loan modifications that are considered TDRs completed during the nine months ended September 30, 2013 and 2012 and the three months ended September 30, 2012, were as follows (dollars in thousands): | |||||||||
For the Nine Months Ended September 30, 2013 | |||||||||
Number of contracts | Pre-modification Outstanding | Post-Modification Outstanding | |||||||
Recorded Investment | Recorded Investment | ||||||||
Interest | Term | Interest | Term | Interest | Term | ||||
Modification | Modification | Modification | Modification | Modification | Modification | ||||
Real estate loans: | |||||||||
Mortgages | 1 | - | $ 72 | $ - | $ 72 | $ - | |||
Commercial | - | 2 | - | 1,365 | - | 1,365 | |||
Other commercial loans | - | 2 | - | 1,530 | - | 1,530 | |||
Total | 1 | 4 | $ 72 | $ 2,895 | $ 72 | $ 2,895 | |||
For the Three Months Ended September 30, 2012 | |||||||||
Number of contracts | Pre-modification Outstanding | Post-Modification Outstanding Recorded Investment | |||||||
Recorded Investment | |||||||||
Interest | Term | Interest | Term | Interest | Term | ||||
Modification | Modification | Modification | Modification | Modification | Modification | ||||
Real estate loans: | |||||||||
Commercial | - | 1 | $ - | $ 62 | $ - | $ 62 | |||
Total | - | 1 | $ - | $ 62 | $ - | $ 62 | |||
For the Nine Months Ended September 30, 2012 | |||||||||
Number of contracts | Pre-modification Outstanding | Post-Modification Outstanding | |||||||
Recorded Investment | Recorded Investment | ||||||||
Interest | Term | Interest | Term | Interest | Term | ||||
Modification | Modification | Modification | Modification | Modification | Modification | ||||
Real estate loans: | |||||||||
Residential mortgage | 1 | 1 | $ 48 | $ 71 | $ 48 | $ 71 | |||
Commercial | - | 3 | - | 160 | - | 160 | |||
Total | 1 | 4 | $ 48 | $ 231 | $ 48 | $ 231 | |||
Recidivism, or the borrower defaulting on its obligation pursuant to a modified loan, results in the loan once again becoming a non-accrual loan. Recidivism occurs at a notably higher rate than do defaults on new origination loans, so modified loans present a higher risk of loss than do new origination loans. The following table presents the recorded investment in loans that were modified as TDRs during each 12-month period prior to the current reporting periods, which begin January 1, 2013 and 2012 (nine month periods) and July 1, 2013 and 2012 (3 month periods), respectively, and that subsequently defaulted during these reporting periods (dollars in thousands): | |||||||||
For the Three Months Ended | For the Nine Months Ended | ||||||||
30-Sep-13 | 30-Sep-12 | 30-Sep-13 | 30-Sep-12 | ||||||
Number of | Recorded | Number of | Recorded | Number of | Recorded | Number of | Recorded | ||
contracts | investment | contracts | investment | contracts | investment | contracts | investment | ||
Real estate loans: | |||||||||
Commercial | - | $ - | - | $ - | - | $ - | 1 | $ 50 | |
Total recidivism | - | $ - | - | $ - | - | $ - | 1 | $ 50 | |
Allowance for loan losses by impairment method | ' | ||||||||
The following table segregates the allowance for loan losses (ALLL) into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of September 30, 2013 and December 31, 2012, respectively (in thousands): | |||||||||
30-Sep-13 | December 31, 2012 | ||||||||
Individually evaluated for impairment | Collectively evaluated for impairment | Total | Individually evaluated for impairment | Collectively evaluated for impairment | Total | ||||
Real estate loans: | |||||||||
Residential | $ 37 | $ 919 | $ 956 | $ 22 | $ 853 | $ 875 | |||
Commercial and agricultural | 560 | 3,852 | 4,412 | 559 | 3,878 | 4,437 | |||
Construction | - | 112 | 112 | - | 38 | 38 | |||
Consumer | - | 114 | 114 | - | 119 | 119 | |||
Other commercial and agricultural loans | 1 | 963 | 964 | 1 | 727 | 728 | |||
State and political subdivision loans | - | 313 | 313 | - | 271 | 271 | |||
Unallocated | - | 199 | 199 | - | 316 | 316 | |||
Total | $ 598 | $ 6,472 | $ 7,070 | $ 582 | $ 6,202 | $ 6,784 | |||
Roll forward of allowance for loan losses by portfolio segment | ' | ||||||||
The following tables roll forward the balance of the ALLL by portfolio segment for the three and nine month periods ended September 30, 2013 and 2012, respectively (in thousands): | |||||||||
Balance at | Charge-offs | Recoveries | Provision | Balance at | |||||
June 30, 2013 | 30-Sep-13 | ||||||||
Real estate loans: | |||||||||
Residential | $ 934 | $ (2) | $ 1 | $ 23 | $ 956 | ||||
Commercial and agricultural | 4,240 | - | - | 172 | 4,412 | ||||
Construction | 91 | - | - | 21 | 112 | ||||
Consumer | 114 | (12) | 5 | 7 | 114 | ||||
Other commercial and agricultural loans | 957 | (1) | - | 8 | 964 | ||||
State and political subdivision loans | 310 | - | - | 3 | 313 | ||||
Unallocated | 343 | - | - | (144) | 199 | ||||
Total | $ 6,989 | $ (15) | $ 6 | $ 90 | $ 7,070 | ||||
Balance at | Charge-offs | Recoveries | Provision | Balance at | |||||
December 31, 2012 | 30-Sep-13 | ||||||||
Real estate loans: | |||||||||
Residential | $ 875 | $ (15) | $ 3 | $ 93 | $ 956 | ||||
Commercial and agricultural | 4,437 | - | - | (25) | 4,412 | ||||
Construction | 38 | - | - | 74 | 112 | ||||
Consumer | 119 | (42) | 26 | 11 | 114 | ||||
Other commercial and agricultural loans | 728 | (1) | - | 237 | 964 | ||||
State and political subdivision loans | 271 | - | - | 42 | 313 | ||||
Unallocated | 316 | - | - | (117) | 199 | ||||
Total | $ 6,784 | $ (58) | $ 29 | $ 315 | $ 7,070 | ||||
Balance at | Charge-offs | Recoveries | Provision | Balance at | |||||
30-Jun-12 | 30-Sep-12 | ||||||||
Real estate loans: | |||||||||
Residential | $ 786 | $ - | $ - | $ 79 | $ 865 | ||||
Commercial and agricultural | 4,405 | - | 1 | (175) | 4,231 | ||||
Construction | 19 | - | - | 7 | 26 | ||||
Consumer | 108 | (12) | 9 | (1) | 104 | ||||
Other commercial and agricultural loans | 685 | (20) | 1 | - | 666 | ||||
State and political subdivision loans | 246 | - | - | 28 | 274 | ||||
Unallocated | 401 | - | - | 167 | 568 | ||||
Total | $ 6,650 | $ (32) | $ 11 | $ 105 | $ 6,734 | ||||
Balance at | Charge-offs | Recoveries | Provision | Balance at | |||||
31-Dec-11 | 30-Sep-12 | ||||||||
Real estate loans: | |||||||||
Residential | $ 805 | $ (49) | $ - | $ 109 | $ 865 | ||||
Commercial and agricultural | 4,132 | (2) | 7 | 94 | 4,231 | ||||
Construction | 15 | - | - | 11 | 26 | ||||
Consumer | 111 | (36) | 25 | 4 | 104 | ||||
Other commercial and agricultural loans | 674 | (20) | 7 | 5 | 666 | ||||
State and political subdivision loans | 235 | - | - | 39 | 274 | ||||
Unallocated | 515 | - | - | 53 | 568 | ||||
Total | $ 6,487 | $ (107) | $ 39 | $ 315 | $ 6,734 | ||||
Employee_Benefit_Plans_Tables
Employee Benefit Plans (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Employee Benefit Plans [Abstract] | ' | ||||||||
Components of net periodic benefit costs | ' | ||||||||
The following sets forth the components of net periodic benefit costs of the Pension Plan for the three and nine months ended September 30, 2013 and 2012, respectively (in thousands): | |||||||||
Three Months Ended | Nine Months Ended | ||||||||
September 30, | September 30, | ||||||||
2013 | 2012 | 2013 | 2012 | ||||||
Service cost | $ 81 | $ 82 | $ 258 | $ 249 | |||||
Interest cost | 89 | 85 | 274 | 259 | |||||
Expected return on plan assets | (165) | (139) | (508) | (425) | |||||
Net amortization and deferral | 66 | 34 | 194 | 102 | |||||
Net periodic benefit cost | $ 71 | $ 62 | $ 218 | $ 185 | |||||
Schedule of restricted stock activity | ' | ||||||||
The following table details the vesting, awarding and forfeiting of restricted shares during 2013 and 2012: | |||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||
2013 | 2012 | 2013 | 2012 | ||||||
Weighted | Weighted | Weighted | Weighted | ||||||
Unvested | Average | Unvested | Average | Unvested | Average | Unvested | Average | ||
Shares | Market Price | Shares | Market Price | Shares | Market Price | Shares | Market Price | ||
Outstanding, beginning of period | 7,466 | $ 41.89 | 8,507 | $ 35.16 | 8,646 | $ 35.51 | 9,921 | $ 29.37 | |
Granted | - | - | - | - | 3,027 | 48.21 | 3,808 | 37.10 | |
Forfeited | - | - | - | - | (55) | 37.10 | - | - | |
Vested | - | - | - | - | (4,152) | 33.26 | (5,222) | 25.59 | |
Outstanding, end of period | 7,466 | $ 41.89 | 8,507 | $ 35.16 | 7,466 | $ 41.89 | 8,507 | $ 35.16 |
Accumulated_Comprehensive_Inco1
Accumulated Comprehensive Income (Tables) | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
Accumulated Comprehensive Income [Abstract] | ' | ||||
Schedule of the changes accumulated other comprehensive income by component net of tax | ' | ||||
The following tables present the changes in accumulated other comprehensive (loss) income by component net of tax for the three and nine months ended September 30, 2013: | |||||
Three Months Ended September 30, 2013 | |||||
Unrealized gain (loss) | Unrealized gain | Defined Benefit Pension Items | Total | ||
on available for sale | (loss) on interest | (a) | |||
securities (a) | rate swap (a) | ||||
Balance as of June 30, 2013 | $ 1,259 | $ (65) | $ (1,907) | $ (713) | |
Other comprehensive income (loss) before reclassifications (net of tax) | (121) | 35 | - | (86) | |
Amounts reclassified from accumulated other | |||||
comprehensive (loss) income (net of tax) | (61) | - | 44 | -17 | |
Net current period other comprehensive income (loss) | (182) | 35 | 44 | (103) | |
Balance as of September 30, 2013 | $ 1,077 | $ (30) | $ (1,863) | $ (816) | |
Nine months Ended September 30, 2013 | |||||
Unrealized gain (loss) | Unrealized gain | Defined Benefit Pension Items | Total | ||
on available for sale securities (a) | (loss) on interest | (a) | |||
rate swap (a) | |||||
Balance as of December 31, 2012 | $ 6,754 | $ (132) | $ (1,991) | $ 4,631 | |
Other comprehensive income (loss) before reclassifications (net of tax) | (5,422) | 102 | - | (5,320) | |
Amounts reclassified from accumulated other | |||||
comprehensive (loss) income (net of tax) | (255) | - | 128 | (127) | |
Net current period other comprehensive income (loss) | (5,677) | 102 | 128 | (5,447) | |
Balance as of September 30, 2013 | $ 1,077 | $ (30) | $ (1,863) | $ (816) | |
(a) Amounts in parentheses indicate debits | |||||
Schedule of the significant amounts reclassified out of each component of accumulated other comprehensive income | ' | ||||
The following table presents the significant amounts reclassified out of each component of accumulated other comprehensive income for the three and nine months ended September 30, 2013: | |||||
Details about accumulated other comprehensive (loss) income | Amount reclassified from accumulated comprehensive (loss) income (a) | Affected line item in the statement where net Income is presented | |||
Three Months Ended | Nine Months Ended | ||||
30-Sep-13 | |||||
Unrealized gains and losses on available for sale securities | |||||
$ 91 | $ 385 | Investment securities gains, net | |||
(30) | (130) | Provision for income taxes | |||
$ 61 | $ 255 | Net of tax | |||
Defined benefit pension items | |||||
$ (66) | $ (194) | Salaries and employee benefits | |||
22 | 66 | Provision for income taxes | |||
$ (44) | $ (128) | Net of tax | |||
(a) Amounts in parentheses indicate debits to profit/loss |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Fair Value Measurements [Abstract] | ' | ||||||||||
Summary of Assets Measured at Fair Value on a Recurring Basis | ' | ||||||||||
The following tables present the assets and liabilities reported on the consolidated balance sheet at their fair value on a recurring basis as of September 30, 2013 and December 31, 2012 by level within the fair value hierarchy (in thousands). Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. | |||||||||||
September 30, 2013 | Level I | Level II | Level III | Total | |||||||
Fair value measurements on a recurring basis: | |||||||||||
Assets | |||||||||||
Securities available for sale: | |||||||||||
U.S. agency securities | $ - | $ 145,932 | $ - | $ 145,932 | |||||||
U.S. treasury securities | 11,480 | 11,480 | |||||||||
Obligations of state and | |||||||||||
political subdivisions | - | 97,164 | - | 97,164 | |||||||
Corporate obligations | - | 19,909 | - | 19,909 | |||||||
Mortgage-backed securities in | |||||||||||
government sponsored entities | - | 42,468 | - | 42,468 | |||||||
Equity securities in financial institutions | 1,499 | - | - | 1,499 | |||||||
Liabilities | |||||||||||
Trust Preferred Interest Rate Swap | - | -46 | - | -46 | |||||||
December 31, 2012 | |||||||||||
Fair value measurements on a recurring basis: | |||||||||||
Assets | |||||||||||
Securities available for sale: | |||||||||||
U.S. agency securities | $ - | $ 127,234 | $ - | $ 127,234 | |||||||
U.S. treasury securities | - | 4,947 | - | 4,947 | |||||||
Obligations of state and | |||||||||||
political subdivisions | - | 100,875 | - | 100,875 | |||||||
Corporate obligations | - | 22,109 | - | 22,109 | |||||||
Mortgage-backed securities in | |||||||||||
government sponsored entities | - | 53,673 | - | 53,673 | |||||||
Equity securities in financial institutions | 1,414 | - | - | 1,414 | |||||||
Liabilities | |||||||||||
Trust Preferred Interest Rate Swap | - | -200 | - | -200 | |||||||
Summary of Assets Measured at Fair Value on Non-recurring Basis | ' | ||||||||||
Assets measured at fair value on a nonrecurring basis as of September 30, 2013 and December 31, 2012 are included in the table below (in thousands): | |||||||||||
September 30, 2013 | Level I | Level II | Level III | T otal | |||||||
Impaired Loans | $ - | $ - | $ 10,288 | $ 10,288 | |||||||
Other real estate owned | - | - | 501 | 501 | |||||||
December 31, 2012 | |||||||||||
Impaired Loans | $ - | $ - | $ 9,836 | $ 9,836 | |||||||
Other real estate owned | - | - | 616 | 616 | |||||||
Significant Unobservable Inputs Used in Fair Value Measurement Process | ' | ||||||||||
The following table provides a listing of the significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques. | |||||||||||
Fair value as of | |||||||||||
September 30, | December 31, | Valuation Technique(s) | Unobservable input | Range | |||||||
2013 | 2012 | ||||||||||
Impaired Loans | $ 4,470 | $ 4,882 | Discounted Cash Flows | Discount rates | 0-7% | ||||||
5,818 | 4,954 | Appraised Collateral Values | Discount for time since appraisal | 0-20% | |||||||
Selling costs | 0%-10% | ||||||||||
Holding period | 0 - 18 months | ||||||||||
Other real estate owned | 501 | 616 | Appraised Collateral Values | Discount for time since appraisal | 0-20% | ||||||
Selling costs | 0%-10% | ||||||||||
Holding period | 0 - 18 months | ||||||||||
Fair Value of Financial Instruments | ' | ||||||||||
The fair values of the Company’s financial instruments are as follows (in thousands): | |||||||||||
Carrying | |||||||||||
30-Sep-13 | Amount | Fair Value | Level I | Level II | Level III | ||||||
Financial assets: | |||||||||||
Cash and due from banks | $ 13,756 | $ 13,756 | $ 13,756 | $ - | $ - | ||||||
Interest bearing time deposits with other banks | 2,480 | 2,477 | 2,477 | ||||||||
Available-for-sale securities | 318,452 | 318,452 | 1,499 | 316,953 | - | ||||||
Loans held for sale | 260 | 260 | 260 | ||||||||
Net loans | 515,262 | 532,086 | - | - | 532,086 | ||||||
Bank owned life insurance | 14,554 | 14,554 | 14,554 | - | - | ||||||
Regulatory stock | 2,942 | 2,942 | 2,942 | - | - | ||||||
Accrued interest receivable | 3,815 | 3,815 | 3,815 | - | - | ||||||
Financial liabilities: | |||||||||||
Deposits | $ 758,656 | $ 761,221 | $ 490,390 | $ - | $ 270,831 | ||||||
Borrowed funds | 43,163 | 40,023 | - | 40,023 | - | ||||||
Trust preferred interest rate swap | 46 | 46 | - | 46 | - | ||||||
Accrued interest payable | 971 | 971 | 971 | - | - | ||||||
Carrying | |||||||||||
31-Dec-12 | Amount | Fair Value | Level I | Level II | Level III | ||||||
Financial assets: | |||||||||||
Cash and due from banks | $ 26,333 | $ 26,333 | $ 26,333 | $ - | $ - | ||||||
Available-for-sale securities | 310,252 | 310,252 | 1,414 | 308,838 | - | ||||||
Loans held for sale | 1,458 | 1,458 | 1,458 | ||||||||
Net loans | 495,679 | 522,502 | - | - | 522,502 | ||||||
Bank owned life insurance | 14,177 | 14,177 | 14,177 | - | - | ||||||
Regulatory stock | 3,565 | 3,565 | 3,565 | - | - | ||||||
Accrued interest receivable | 3,816 | 3,816 | 3,816 | - | - | ||||||
Financial liabilities: | |||||||||||
Deposits | $ 737,096 | $ 742,422 | $ 462,557 | $ - | $ 279,865 | ||||||
Borrowed funds | 46,126 | 43,403 | - | 43,403 | - | ||||||
Trust preferred interest rate swap | 200 | 200 | - | 200 | - | ||||||
Accrued interest payable | 1,143 | 1,143 | 1,143 | - | - | ||||||
Earnings_per_Share_Details
Earnings per Share (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||
Basic earnings per share computation [Abstract] | ' | ' | ' | ' | ||
Net income applicable to common stock | $3,512 | [1] | $3,464 | $10,079 | [1] | $10,666 |
Weighted average common shares outstanding (in shares) | 3,024,507 | 3,052,628 | 3,029,801 | 3,059,808 | ||
Earnings per share - basic (in dollars per share) | $1.16 | $1.13 | $3.33 | $3.49 | ||
Diluted earnings per share computation [Abstract] | ' | ' | ' | ' | ||
Weighted average common shares outstanding for basic earnings per share (in shares) | 3,024,507 | 3,052,628 | 3,029,801 | 3,059,808 | ||
Add: Dilutive effects of restricted stock (in shares) | 1,483 | 2,066 | 1,288 | 1,762 | ||
Weighted average common shares outstanding for dilutive earnings per share (in shares) | 3,025,990 | 3,054,694 | 3,031,089 | 3,061,570 | ||
Earnings per share - diluted (in dollars per share) | $1.16 | $1.13 | $3.33 | $3.48 | ||
Antidilutive restricted stock excluded from net income per share calculations (in shares) | 1,037 | 0 | 3,280 | 3,419 | ||
[1] | Amounts in parentheses indicate debits to profit/loss |
Investments_Details
Investments (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Security | Security | ||||
Available for Sale Securities Amortized Cost, Gross Unrealized Gains or Losses and Fair Value [Abstract] | ' | ' | ' | ' | ' |
Amortized Cost | $316,818,000 | ' | $316,818,000 | ' | $300,018,000 |
Gross Unrealized Gains | 5,315,000 | ' | 5,315,000 | ' | 10,578,000 |
Gross Unrealized Losses | -3,681,000 | ' | -3,681,000 | ' | -344,000 |
Fair Value | 318,452,000 | ' | 318,452,000 | ' | 310,252,000 |
Number of securities owned with fair value than cost | 75 | ' | 75 | ' | ' |
Available-For-Sale Securities, Fair Value and Gross Unrealized Losses [Abstract] | ' | ' | ' | ' | ' |
Less than Twelve Months, Fair Value | 138,719,000 | ' | 138,719,000 | ' | 33,620,000 |
Twelve Months or Greater, Fair Value | 2,469,000 | ' | 2,469,000 | ' | 0 |
Total, Fair Value | 141,188,000 | ' | 141,188,000 | ' | 33,620,000 |
Less than Twelve Months, Gross Unrealized Losses | -3,607,000 | ' | -3,607,000 | ' | -344,000 |
Twelve Months or Greater, Gross Unrealized Losses | -74,000 | ' | -74,000 | ' | 0 |
Total, Gross Unrealized Losses | -3,681,000 | ' | -3,681,000 | ' | -344,000 |
Duration securities impaired, Minimum | ' | ' | '1 year | ' | ' |
Proceeds from sale of securities available-for-sale | 121,000 | 1,709,000 | 15,894,000 | 18,363,000 | ' |
Realized investment gains (losses) [Abstract] | ' | ' | ' | ' | ' |
Gross gains | 91,000 | 240,000 | 525,000 | 561,000 | ' |
Gross losses | 0 | 0 | -140,000 | 0 | ' |
Net gains | 91,000 | 240,000 | 385,000 | 561,000 | ' |
Investment securities pledged as collateral | 205,600,000 | ' | 205,600,000 | ' | 193,300,000 |
Amortized Cost [Abstract] | ' | ' | ' | ' | ' |
Due in one year or less | 12,531,000 | ' | 12,531,000 | ' | ' |
Due after one year through five years | 104,250,000 | ' | 104,250,000 | ' | ' |
Due after five years through ten years | 84,875,000 | ' | 84,875,000 | ' | ' |
Due after ten years | 114,359,000 | ' | 114,359,000 | ' | ' |
Total | 316,015,000 | ' | 316,015,000 | ' | ' |
Fair Value [Abstract] | ' | ' | ' | ' | ' |
Due in one year or less | 12,626,000 | ' | 12,626,000 | ' | ' |
Due after one year through five years | 104,486,000 | ' | 104,486,000 | ' | ' |
Due after five years through ten years | 84,107,000 | ' | 84,107,000 | ' | ' |
Due after ten years | 115,734,000 | ' | 115,734,000 | ' | ' |
Total | 316,953,000 | ' | 316,953,000 | ' | ' |
U.S. Agency Securities [Member] | ' | ' | ' | ' | ' |
Available for Sale Securities Amortized Cost, Gross Unrealized Gains or Losses and Fair Value [Abstract] | ' | ' | ' | ' | ' |
Amortized Cost | 146,649,000 | ' | 146,649,000 | ' | 125,125,000 |
Gross Unrealized Gains | 890,000 | ' | 890,000 | ' | 2,150,000 |
Gross Unrealized Losses | -1,607,000 | ' | -1,607,000 | ' | -41,000 |
Fair Value | 145,932,000 | ' | 145,932,000 | ' | 127,234,000 |
Available-For-Sale Securities, Fair Value and Gross Unrealized Losses [Abstract] | ' | ' | ' | ' | ' |
Less than Twelve Months, Fair Value | 80,162,000 | ' | 80,162,000 | ' | 6,016,000 |
Twelve Months or Greater, Fair Value | 0 | ' | 0 | ' | 0 |
Total, Fair Value | 80,162,000 | ' | 80,162,000 | ' | 6,016,000 |
Less than Twelve Months, Gross Unrealized Losses | -1,607,000 | ' | -1,607,000 | ' | -41,000 |
Twelve Months or Greater, Gross Unrealized Losses | 0 | ' | 0 | ' | 0 |
Total, Gross Unrealized Losses | -1,607,000 | ' | -1,607,000 | ' | -41,000 |
US Treasury Securities [Member] | ' | ' | ' | ' | ' |
Available for Sale Securities Amortized Cost, Gross Unrealized Gains or Losses and Fair Value [Abstract] | ' | ' | ' | ' | ' |
Amortized Cost | 11,850,000 | ' | 11,850,000 | ' | 4,922,000 |
Gross Unrealized Gains | 0 | ' | 0 | ' | 25,000 |
Gross Unrealized Losses | -370,000 | ' | -370,000 | ' | 0 |
Fair Value | 11,480,000 | ' | 11,480,000 | ' | 4,947,000 |
Available-For-Sale Securities, Fair Value and Gross Unrealized Losses [Abstract] | ' | ' | ' | ' | ' |
Less than Twelve Months, Fair Value | 11,480,000 | ' | 11,480,000 | ' | ' |
Twelve Months or Greater, Fair Value | 0 | ' | 0 | ' | ' |
Total, Fair Value | 11,480,000 | ' | 11,480,000 | ' | ' |
Less than Twelve Months, Gross Unrealized Losses | -370,000 | ' | -370,000 | ' | ' |
Twelve Months or Greater, Gross Unrealized Losses | 0 | ' | 0 | ' | ' |
Total, Gross Unrealized Losses | -370,000 | ' | -370,000 | ' | ' |
Obligations of State and Political Subdivisions [Member] | ' | ' | ' | ' | ' |
Available for Sale Securities Amortized Cost, Gross Unrealized Gains or Losses and Fair Value [Abstract] | ' | ' | ' | ' | ' |
Amortized Cost | 95,608,000 | ' | 95,608,000 | ' | 95,288,000 |
Gross Unrealized Gains | 2,594,000 | ' | 2,594,000 | ' | 5,721,000 |
Gross Unrealized Losses | -1,038,000 | ' | -1,038,000 | ' | -134,000 |
Fair Value | 97,164,000 | ' | 97,164,000 | ' | 100,875,000 |
Available-For-Sale Securities, Fair Value and Gross Unrealized Losses [Abstract] | ' | ' | ' | ' | ' |
Less than Twelve Months, Fair Value | 20,396,000 | ' | 20,396,000 | ' | 7,981,000 |
Twelve Months or Greater, Fair Value | 1,642,000 | ' | 1,642,000 | ' | 0 |
Total, Fair Value | 22,038,000 | ' | 22,038,000 | ' | 7,981,000 |
Less than Twelve Months, Gross Unrealized Losses | -978,000 | ' | -978,000 | ' | -134,000 |
Twelve Months or Greater, Gross Unrealized Losses | -60,000 | ' | -60,000 | ' | 0 |
Total, Gross Unrealized Losses | -1,038,000 | ' | -1,038,000 | ' | -134,000 |
Corporate Obligations [Member] | ' | ' | ' | ' | ' |
Available for Sale Securities Amortized Cost, Gross Unrealized Gains or Losses and Fair Value [Abstract] | ' | ' | ' | ' | ' |
Amortized Cost | 20,039,000 | ' | 20,039,000 | ' | 21,699,000 |
Gross Unrealized Gains | 346,000 | ' | 346,000 | ' | 452,000 |
Gross Unrealized Losses | -476,000 | ' | -476,000 | ' | -42,000 |
Fair Value | 19,909,000 | ' | 19,909,000 | ' | 22,109,000 |
Available-For-Sale Securities, Fair Value and Gross Unrealized Losses [Abstract] | ' | ' | ' | ' | ' |
Less than Twelve Months, Fair Value | 12,009,000 | ' | 12,009,000 | ' | 10,972,000 |
Twelve Months or Greater, Fair Value | 0 | ' | 0 | ' | 0 |
Total, Fair Value | 12,009,000 | ' | 12,009,000 | ' | 10,972,000 |
Less than Twelve Months, Gross Unrealized Losses | -476,000 | ' | -476,000 | ' | -42,000 |
Twelve Months or Greater, Gross Unrealized Losses | 0 | ' | 0 | ' | 0 |
Total, Gross Unrealized Losses | -476,000 | ' | -476,000 | ' | -42,000 |
Mortgage-backed Securities in Government Sponsored Entities [Member] | ' | ' | ' | ' | ' |
Available for Sale Securities Amortized Cost, Gross Unrealized Gains or Losses and Fair Value [Abstract] | ' | ' | ' | ' | ' |
Amortized Cost | 41,869,000 | ' | 41,869,000 | ' | 52,072,000 |
Gross Unrealized Gains | 789,000 | ' | 789,000 | ' | 1,728,000 |
Gross Unrealized Losses | -190,000 | ' | -190,000 | ' | -127,000 |
Fair Value | 42,468,000 | ' | 42,468,000 | ' | 53,673,000 |
Available-For-Sale Securities, Fair Value and Gross Unrealized Losses [Abstract] | ' | ' | ' | ' | ' |
Less than Twelve Months, Fair Value | 14,672,000 | ' | 14,672,000 | ' | 8,651,000 |
Twelve Months or Greater, Fair Value | 827,000 | ' | 827,000 | ' | 0 |
Total, Fair Value | 15,499,000 | ' | 15,499,000 | ' | 8,651,000 |
Less than Twelve Months, Gross Unrealized Losses | -176,000 | ' | -176,000 | ' | -127,000 |
Twelve Months or Greater, Gross Unrealized Losses | -14,000 | ' | -14,000 | ' | 0 |
Total, Gross Unrealized Losses | -190,000 | ' | -190,000 | ' | -127,000 |
Equity Securities in Financial Institutions [Member] | ' | ' | ' | ' | ' |
Available for Sale Securities Amortized Cost, Gross Unrealized Gains or Losses and Fair Value [Abstract] | ' | ' | ' | ' | ' |
Amortized Cost | 803,000 | ' | 803,000 | ' | 912,000 |
Gross Unrealized Gains | 696,000 | ' | 696,000 | ' | 502,000 |
Gross Unrealized Losses | 0 | ' | 0 | ' | 0 |
Fair Value | $1,499,000 | ' | $1,499,000 | ' | $1,414,000 |
Loans_Details
Loans (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Segments of loan portfolio and allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Total Loans | $522,332 | ' | $522,332 | ' | $502,463 |
Allowance for loan losses | 7,070 | ' | 7,070 | ' | 6,784 |
Net loans | 515,262 | ' | 515,262 | ' | 495,679 |
Individually evaluated for impairment | 10,886 | ' | 10,886 | ' | 10,418 |
Collectively evaluated for impairment | 511,446 | ' | 511,446 | ' | 492,045 |
Summary of allowance for loan losses into amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment [Abstract] | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 598 | ' | 598 | ' | 582 |
Collectively evaluated for impairment | 6,472 | ' | 6,472 | ' | 6,202 |
Total | 7,070 | 6,734 | 7,070 | 6,734 | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' |
Balance at beginning of period | 6,989 | 6,650 | 6,784 | 6,487 | ' |
Charge-offs | -15 | -32 | -58 | -107 | ' |
Recoveries | 6 | 11 | 29 | 39 | ' |
Provision | 90 | 105 | 315 | 315 | ' |
Balance at end of period | 7,070 | 6,734 | 7,070 | 6,734 | ' |
Minimum [Member] | ' | ' | ' | ' | ' |
Segments of loan portfolio and allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Number of days past for loan to be considered impaired, Minimum | ' | ' | '90 days | ' | ' |
First Mortgage [Member] | Minimum [Member] | ' | ' | ' | ' | ' |
Segments of loan portfolio and allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Period of mortgage on real estate | ' | ' | '15 years | ' | ' |
First Mortgage [Member] | Maximum [Member] | ' | ' | ' | ' | ' |
Segments of loan portfolio and allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Period of mortgage on real estate | ' | ' | '30 years | ' | ' |
Second Mortgage [Member] | Maximum [Member] | ' | ' | ' | ' | ' |
Segments of loan portfolio and allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Period of mortgage on real estate | ' | ' | '15 years | ' | ' |
Real Estate Loans [Member] | Residential [Member] | ' | ' | ' | ' | ' |
Segments of loan portfolio and allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Total Loans | 183,370 | ' | 183,370 | ' | 178,080 |
Individually evaluated for impairment | 482 | ' | 482 | ' | 424 |
Collectively evaluated for impairment | 182,888 | ' | 182,888 | ' | 177,656 |
Summary of allowance for loan losses into amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment [Abstract] | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 37 | ' | 37 | ' | 22 |
Collectively evaluated for impairment | 919 | ' | 919 | ' | 853 |
Total | 956 | 865 | 956 | 865 | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' |
Balance at beginning of period | 934 | 786 | 875 | 805 | ' |
Charge-offs | -2 | 0 | -15 | -49 | ' |
Recoveries | 1 | 0 | 3 | 0 | ' |
Provision | 23 | 79 | 93 | 109 | ' |
Balance at end of period | 956 | 865 | 956 | 865 | ' |
Real Estate Loans [Member] | Other commercial and agricultural [Member] | ' | ' | ' | ' | ' |
Segments of loan portfolio and allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Total Loans | 196,446 | ' | 196,446 | ' | 194,725 |
Individually evaluated for impairment | 8,594 | ' | 8,594 | ' | 9,093 |
Collectively evaluated for impairment | 187,852 | ' | 187,852 | ' | 185,632 |
Summary of allowance for loan losses into amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment [Abstract] | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 560 | ' | 560 | ' | 559 |
Collectively evaluated for impairment | 3,852 | ' | 3,852 | ' | 3,878 |
Total | 4,412 | 4,231 | 4,412 | 4,231 | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' |
Balance at beginning of period | 4,240 | 4,405 | 4,437 | 4,132 | ' |
Charge-offs | 0 | 0 | 0 | -2 | ' |
Recoveries | 0 | 1 | 0 | 7 | ' |
Provision | 172 | -175 | -25 | 94 | ' |
Balance at end of period | 4,412 | 4,231 | 4,412 | 4,231 | ' |
Real Estate Loans [Member] | Residential Mortgages [Member] | ' | ' | ' | ' | ' |
Segments of loan portfolio and allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Total Loans | 115,009 | ' | 115,009 | ' | 106,548 |
Real Estate Loans [Member] | Home Equity [Member] | ' | ' | ' | ' | ' |
Segments of loan portfolio and allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Total Loans | 68,361 | ' | 68,361 | ' | 71,532 |
Real Estate Loans [Member] | Commercial [Member] | ' | ' | ' | ' | ' |
Segments of loan portfolio and allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Total Loans | 175,533 | ' | 175,533 | ' | 176,710 |
Real Estate Loans [Member] | Agricultural [Member] | ' | ' | ' | ' | ' |
Segments of loan portfolio and allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Total Loans | 20,913 | ' | 20,913 | ' | 18,015 |
Real Estate Loans [Member] | Construction [Member] | ' | ' | ' | ' | ' |
Segments of loan portfolio and allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Total Loans | 18,272 | ' | 18,272 | ' | 12,011 |
Individually evaluated for impairment | 0 | ' | 0 | ' | 0 |
Collectively evaluated for impairment | 18,272 | ' | 18,272 | ' | 12,011 |
Summary of allowance for loan losses into amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment [Abstract] | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | 0 | ' | 0 |
Collectively evaluated for impairment | 112 | ' | 112 | ' | 38 |
Total | 112 | 26 | 112 | 26 | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' |
Balance at beginning of period | 91 | 19 | 38 | 15 | ' |
Charge-offs | 0 | 0 | 0 | 0 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Provision | 21 | 7 | 74 | 11 | ' |
Balance at end of period | 112 | 26 | 112 | 26 | ' |
Other Commercial and Agricultural Loans [Member] | ' | ' | ' | ' | ' |
Segments of loan portfolio and allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Total Loans | 54,160 | ' | 54,160 | ' | 47,880 |
Individually evaluated for impairment | 1,795 | ' | 1,795 | ' | 901 |
Collectively evaluated for impairment | 52,365 | ' | 52,365 | ' | 46,979 |
Summary of allowance for loan losses into amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment [Abstract] | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 1 | ' | 1 | ' | 1 |
Collectively evaluated for impairment | 963 | ' | 963 | ' | 727 |
Total | 964 | 666 | 964 | 666 | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' |
Balance at beginning of period | 957 | 685 | 728 | 674 | ' |
Charge-offs | -1 | -20 | -1 | -20 | ' |
Recoveries | 0 | 1 | 0 | 7 | ' |
Provision | 8 | 0 | 237 | 5 | ' |
Balance at end of period | 964 | 666 | 964 | 666 | ' |
Consumer [Member] | ' | ' | ' | ' | ' |
Segments of loan portfolio and allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Total Loans | 9,979 | ' | 9,979 | ' | 10,559 |
Individually evaluated for impairment | 15 | ' | 15 | ' | 0 |
Collectively evaluated for impairment | 9,964 | ' | 9,964 | ' | 10,559 |
Summary of allowance for loan losses into amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment [Abstract] | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | 0 | ' | 0 |
Collectively evaluated for impairment | 114 | ' | 114 | ' | 119 |
Total | 114 | 104 | 114 | 104 | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' |
Balance at beginning of period | 114 | 108 | 119 | 111 | ' |
Charge-offs | -12 | -12 | -42 | -36 | ' |
Recoveries | 5 | 9 | 26 | 25 | ' |
Provision | 7 | -1 | 11 | 4 | ' |
Balance at end of period | 114 | 104 | 114 | 104 | ' |
State and Political Subdivision Loans [Member] | ' | ' | ' | ' | ' |
Segments of loan portfolio and allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Total Loans | 60,105 | ' | 60,105 | ' | 59,208 |
Individually evaluated for impairment | 0 | ' | 0 | ' | 0 |
Collectively evaluated for impairment | 60,105 | ' | 60,105 | ' | 59,208 |
Summary of allowance for loan losses into amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment [Abstract] | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | 0 | ' | 0 |
Collectively evaluated for impairment | 313 | ' | 313 | ' | 271 |
Total | 313 | 274 | 313 | 274 | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' |
Balance at beginning of period | 310 | 246 | 271 | 235 | ' |
Charge-offs | 0 | 0 | 0 | 0 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Provision | 3 | 28 | 42 | 39 | ' |
Balance at end of period | 313 | 274 | 313 | 274 | ' |
Other Agricultural Loans [Member] | ' | ' | ' | ' | ' |
Segments of loan portfolio and allowance for loan losses [Abstract] | ' | ' | ' | ' | ' |
Total Loans | 9,280 | ' | 9,280 | ' | 6,260 |
Unallocated [Member] | ' | ' | ' | ' | ' |
Summary of allowance for loan losses into amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment [Abstract] | ' | ' | ' | ' | ' |
Individually evaluated for impairment | 0 | ' | 0 | ' | 0 |
Collectively evaluated for impairment | 199 | ' | 199 | ' | 316 |
Total | 199 | 568 | 199 | 568 | ' |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ' | ' | ' | ' | ' |
Balance at beginning of period | 343 | 401 | 316 | 515 | ' |
Charge-offs | 0 | 0 | 0 | 0 | ' |
Recoveries | 0 | 0 | 0 | 0 | ' |
Provision | -144 | 167 | -117 | 53 | ' |
Balance at end of period | $199 | $568 | $199 | $568 | ' |
Loans_Impaired_Financing_Recei
Loans, Impaired Financing Receivable (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Impaired Financing Receivable [Abstract] | ' | ' | ' | ' | ' |
Unpaid Principal Balance | $12,428 | ' | $12,428 | ' | $12,066 |
Recorded Investment With No Allowance | 7,308 | ' | 7,308 | ' | 7,218 |
Recorded Investment With Allowance | 3,578 | ' | 3,578 | ' | 3,200 |
Total Recorded Investment | 10,886 | ' | 10,886 | ' | 10,418 |
Related Allowance | 598 | ' | 598 | ' | 582 |
Average Recorded Investment | 10,508 | 8,146 | 10,735 | 8,569 | ' |
Interest income recognized on impaired loans | 362 | 37 | 493 | 79 | ' |
Interest income recognized on a cash basis on impaired loans | 326 | 22 | 361 | 46 | ' |
Mortgages [Member] | ' | ' | ' | ' | ' |
Impaired Financing Receivable [Abstract] | ' | ' | ' | ' | ' |
Average Recorded Investment | 349 | 253 | 336 | 139 | ' |
Interest income recognized on impaired loans | 2 | 1 | 6 | 2 | ' |
Interest income recognized on a cash basis on impaired loans | 0 | 0 | 0 | 0 | ' |
Home Equity [Member] | ' | ' | ' | ' | ' |
Impaired Financing Receivable [Abstract] | ' | ' | ' | ' | ' |
Average Recorded Investment | 135 | 113 | 136 | 100 | ' |
Interest income recognized on impaired loans | 1 | 1 | 3 | 3 | ' |
Interest income recognized on a cash basis on impaired loans | 0 | 0 | 0 | 1 | ' |
Commercial [Member] | ' | ' | ' | ' | ' |
Impaired Financing Receivable [Abstract] | ' | ' | ' | ' | ' |
Average Recorded Investment | 8,372 | 7,398 | 8,521 | 7,891 | ' |
Interest income recognized on impaired loans | 342 | 35 | 426 | 74 | ' |
Interest income recognized on a cash basis on impaired loans | 326 | 22 | 361 | 45 | ' |
Agricultural [Member] | ' | ' | ' | ' | ' |
Impaired Financing Receivable [Abstract] | ' | ' | ' | ' | ' |
Average Recorded Investment | 0 | 0 | 0 | 0 | ' |
Interest income recognized on impaired loans | 0 | 0 | 0 | 0 | ' |
Interest income recognized on a cash basis on impaired loans | 0 | 0 | 0 | 0 | ' |
Construction [Member] | ' | ' | ' | ' | ' |
Impaired Financing Receivable [Abstract] | ' | ' | ' | ' | ' |
Average Recorded Investment | ' | ' | 0 | 0 | ' |
Interest income recognized on impaired loans | ' | ' | 0 | 0 | ' |
Interest income recognized on a cash basis on impaired loans | ' | ' | 0 | 0 | ' |
Real Estate Loans [Member] | Mortgages [Member] | ' | ' | ' | ' | ' |
Impaired Financing Receivable [Abstract] | ' | ' | ' | ' | ' |
Unpaid Principal Balance | 375 | ' | 375 | ' | 309 |
Recorded Investment With No Allowance | 141 | ' | 141 | ' | 150 |
Recorded Investment With Allowance | 206 | ' | 206 | ' | 136 |
Total Recorded Investment | 347 | ' | 347 | ' | 286 |
Related Allowance | 24 | ' | 24 | ' | 8 |
Real Estate Loans [Member] | Home Equity [Member] | ' | ' | ' | ' | ' |
Impaired Financing Receivable [Abstract] | ' | ' | ' | ' | ' |
Unpaid Principal Balance | 135 | ' | 135 | ' | 138 |
Recorded Investment With No Allowance | 0 | ' | 0 | ' | 0 |
Recorded Investment With Allowance | 135 | ' | 135 | ' | 138 |
Total Recorded Investment | 135 | ' | 135 | ' | 138 |
Related Allowance | 13 | ' | 13 | ' | 14 |
Real Estate Loans [Member] | Commercial [Member] | ' | ' | ' | ' | ' |
Impaired Financing Receivable [Abstract] | ' | ' | ' | ' | ' |
Unpaid Principal Balance | 10,052 | ' | 10,052 | ' | 10,669 |
Recorded Investment With No Allowance | 5,714 | ' | 5,714 | ' | 6,476 |
Recorded Investment With Allowance | 2,880 | ' | 2,880 | ' | 2,617 |
Total Recorded Investment | 8,594 | ' | 8,594 | ' | 9,093 |
Related Allowance | 560 | ' | 560 | ' | 559 |
Real Estate Loans [Member] | Agricultural [Member] | ' | ' | ' | ' | ' |
Impaired Financing Receivable [Abstract] | ' | ' | ' | ' | ' |
Unpaid Principal Balance | 0 | ' | 0 | ' | 0 |
Recorded Investment With No Allowance | 0 | ' | 0 | ' | 0 |
Recorded Investment With Allowance | 0 | ' | 0 | ' | 0 |
Total Recorded Investment | 0 | ' | 0 | ' | 0 |
Related Allowance | 0 | ' | 0 | ' | 0 |
Real Estate Loans [Member] | Construction [Member] | ' | ' | ' | ' | ' |
Impaired Financing Receivable [Abstract] | ' | ' | ' | ' | ' |
Unpaid Principal Balance | 0 | ' | 0 | ' | 0 |
Recorded Investment With No Allowance | 0 | ' | 0 | ' | 0 |
Recorded Investment With Allowance | 0 | ' | 0 | ' | 0 |
Total Recorded Investment | 0 | ' | 0 | ' | 0 |
Related Allowance | 0 | ' | 0 | ' | 0 |
Consumer [Member] | ' | ' | ' | ' | ' |
Impaired Financing Receivable [Abstract] | ' | ' | ' | ' | ' |
Unpaid Principal Balance | 15 | ' | 15 | ' | 0 |
Recorded Investment With No Allowance | 15 | ' | 15 | ' | 0 |
Recorded Investment With Allowance | 0 | ' | 0 | ' | 0 |
Total Recorded Investment | 15 | ' | 15 | ' | 0 |
Related Allowance | 0 | ' | 0 | ' | 0 |
Average Recorded Investment | 5 | 0 | 2 | 0 | ' |
Interest income recognized on impaired loans | 0 | 0 | 0 | 0 | ' |
Interest income recognized on a cash basis on impaired loans | 0 | 0 | 0 | 0 | ' |
Consumer [Member] | Construction [Member] | ' | ' | ' | ' | ' |
Impaired Financing Receivable [Abstract] | ' | ' | ' | ' | ' |
Average Recorded Investment | 0 | 0 | ' | ' | ' |
Interest income recognized on impaired loans | 0 | 0 | ' | ' | ' |
Interest income recognized on a cash basis on impaired loans | 0 | 0 | ' | ' | ' |
Other Commercial Loans [Member] | ' | ' | ' | ' | ' |
Impaired Financing Receivable [Abstract] | ' | ' | ' | ' | ' |
Unpaid Principal Balance | 1,851 | ' | 1,851 | ' | 950 |
Recorded Investment With No Allowance | 1,438 | ' | 1,438 | ' | 592 |
Recorded Investment With Allowance | 357 | ' | 357 | ' | 309 |
Total Recorded Investment | 1,795 | ' | 1,795 | ' | 901 |
Related Allowance | 1 | ' | 1 | ' | 1 |
Average Recorded Investment | 1,647 | 382 | 1,740 | 439 | ' |
Interest income recognized on impaired loans | 17 | 0 | 58 | 0 | ' |
Interest income recognized on a cash basis on impaired loans | 0 | 0 | 0 | 0 | ' |
Other Agricultural Loans [Member] | ' | ' | ' | ' | ' |
Impaired Financing Receivable [Abstract] | ' | ' | ' | ' | ' |
Unpaid Principal Balance | 0 | ' | 0 | ' | 0 |
Recorded Investment With No Allowance | 0 | ' | 0 | ' | 0 |
Recorded Investment With Allowance | 0 | ' | 0 | ' | 0 |
Total Recorded Investment | 0 | ' | 0 | ' | 0 |
Related Allowance | 0 | ' | 0 | ' | 0 |
Average Recorded Investment | 0 | 0 | 0 | 0 | ' |
Interest income recognized on impaired loans | 0 | 0 | 0 | 0 | ' |
Interest income recognized on a cash basis on impaired loans | 0 | 0 | 0 | 0 | ' |
State and Political Subdivision Loans [Member] | ' | ' | ' | ' | ' |
Impaired Financing Receivable [Abstract] | ' | ' | ' | ' | ' |
Unpaid Principal Balance | 0 | ' | 0 | ' | 0 |
Recorded Investment With No Allowance | 0 | ' | 0 | ' | 0 |
Recorded Investment With Allowance | 0 | ' | 0 | ' | 0 |
Total Recorded Investment | 0 | ' | 0 | ' | 0 |
Related Allowance | 0 | ' | 0 | ' | 0 |
Average Recorded Investment | 0 | 0 | 0 | 0 | ' |
Interest income recognized on impaired loans | 0 | 0 | 0 | 0 | ' |
Interest income recognized on a cash basis on impaired loans | $0 | $0 | $0 | $0 | ' |
Loans_Credit_Quality_Indicator
Loans, Credit Quality Indicator (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 |
Minimum [Member] | Maximum [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Consumer [Member] | Consumer [Member] | Other Commercial Loans [Member] | Other Commercial Loans [Member] | Other Agricultural Loans [Member] | Other Agricultural Loans [Member] | State and Political Subdivision Loans [Member] | State and Political Subdivision Loans [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Pass [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Special Mention [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Substandard [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Doubtful [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Loss [Member] | Internally Assigned Grade [Member] | Internally Assigned Grade [Member] | Performing [Member] | Performing [Member] | Performing [Member] | Performing [Member] | Performing [Member] | Performing [Member] | Performing [Member] | Performing [Member] | Nonperforming [Member] | Nonperforming [Member] | Nonperforming [Member] | Nonperforming [Member] | Nonperforming [Member] | Nonperforming [Member] | Nonperforming [Member] | Nonperforming [Member] | |||
Mortgages [Member] | Mortgages [Member] | Home Equity [Member] | Home Equity [Member] | Commercial [Member] | Commercial [Member] | Agricultural [Member] | Agricultural [Member] | Construction [Member] | Construction [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Other Commercial Loans [Member] | Other Commercial Loans [Member] | Other Agricultural Loans [Member] | Other Agricultural Loans [Member] | State and Political Subdivision Loans [Member] | State and Political Subdivision Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Other Commercial Loans [Member] | Other Commercial Loans [Member] | Other Agricultural Loans [Member] | Other Agricultural Loans [Member] | State and Political Subdivision Loans [Member] | State and Political Subdivision Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Other Commercial Loans [Member] | Other Commercial Loans [Member] | Other Agricultural Loans [Member] | Other Agricultural Loans [Member] | State and Political Subdivision Loans [Member] | State and Political Subdivision Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Other Commercial Loans [Member] | Other Commercial Loans [Member] | Other Agricultural Loans [Member] | Other Agricultural Loans [Member] | State and Political Subdivision Loans [Member] | State and Political Subdivision Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Other Commercial Loans [Member] | Other Commercial Loans [Member] | Other Agricultural Loans [Member] | Other Agricultural Loans [Member] | State and Political Subdivision Loans [Member] | State and Political Subdivision Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Consumer [Member] | Consumer [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Consumer [Member] | Consumer [Member] | |||||||||||||||||||||||||||||
Commercial [Member] | Commercial [Member] | Agricultural [Member] | Agricultural [Member] | Construction [Member] | Construction [Member] | Commercial [Member] | Commercial [Member] | Agricultural [Member] | Agricultural [Member] | Construction [Member] | Construction [Member] | Commercial [Member] | Commercial [Member] | Agricultural [Member] | Agricultural [Member] | Construction [Member] | Construction [Member] | Commercial [Member] | Commercial [Member] | Agricultural [Member] | Agricultural [Member] | Construction [Member] | Construction [Member] | Commercial [Member] | Commercial [Member] | Agricultural [Member] | Agricultural [Member] | Construction [Member] | Construction [Member] | Mortgages [Member] | Mortgages [Member] | Home Equity [Member] | Home Equity [Member] | Mortgages [Member] | Mortgages [Member] | Home Equity [Member] | Home Equity [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of dollar volume of commercial loan portfolio to be reviewed, minimum (in hundredths) | ' | ' | 55.00% | 60.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount over which all relationships to be reviewed, minimum | ' | ' | $500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount which is 90 days past due to be reviewed for all aggregate loan relationships, minimum | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable by credit exposure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total | $193,349,000 | $188,639,000 | ' | ' | $115,009,000 | $106,548,000 | $68,361,000 | $71,532,000 | $175,533,000 | $176,710,000 | $20,913,000 | $18,015,000 | $18,272,000 | $12,011,000 | $9,979,000 | $10,559,000 | $44,880,000 | $41,620,000 | $9,280,000 | $6,260,000 | $60,105,000 | $59,208,000 | $292,232,000 | $277,785,000 | $150,711,000 | $149,892,000 | $15,054,000 | $13,690,000 | $18,272,000 | $12,011,000 | $40,948,000 | $39,239,000 | $7,142,000 | $4,833,000 | $60,105,000 | $58,120,000 | $9,281,000 | $11,417,000 | $3,045,000 | $7,616,000 | $3,845,000 | $2,386,000 | $0 | $0 | $1,526,000 | $826,000 | $865,000 | $589,000 | $0 | $0 | $27,251,000 | $24,547,000 | $21,566,000 | $19,127,000 | $2,014,000 | $1,939,000 | $0 | $0 | $2,398,000 | $1,555,000 | $1,273,000 | $838,000 | $0 | $1,088,000 | $219,000 | $75,000 | $211,000 | $75,000 | $0 | $0 | $0 | $0 | $8,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $328,983,000 | $313,824,000 | $192,344,000 | $187,640,000 | $114,291,000 | $105,822,000 | $68,089,000 | $71,263,000 | $9,964,000 | $10,555,000 | $1,005,000 | $999,000 | $718,000 | $726,000 | $272,000 | $269,000 | $15,000 | $4,000 |
Loans_Past_Due_Details
Loans, Past Due (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | Minimum [Member] | Loans Considered Non-Accrual [Member] | Loans Considered Non-Accrual [Member] | Loans Still Accruing [Member] | Loans Still Accruing [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Consumer [Member] | Consumer [Member] | Other Agricultural Loans [Member] | Other Agricultural Loans [Member] | State and Political Subdivision Loans [Member] | State and Political Subdivision Loans [Member] | Other Commercial Loans [Member] | Other Commercial Loans [Member] | ||
Residential [Member] | Residential [Member] | Commercial and Agricultural [Member] | Commercial and Agricultural [Member] | Mortgages [Member] | Mortgages [Member] | Home Equity [Member] | Home Equity [Member] | Commercial [Member] | Commercial [Member] | Agricultural [Member] | Agricultural [Member] | Construction [Member] | Construction [Member] | ||||||||||||||||
Recorded investment of past due [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
30 to 59 Days Past Due | $2,848 | $2,566 | ' | $127 | $73 | $2,721 | $2,493 | ' | ' | ' | ' | $935 | $636 | $539 | $267 | $1,186 | $602 | $125 | $54 | $0 | $0 | $46 | $45 | $0 | $0 | $0 | $0 | $17 | $962 |
60 to 89 Days Past Due | 641 | 354 | ' | 425 | 69 | 216 | 285 | ' | ' | ' | ' | 140 | 294 | 137 | 17 | 283 | 0 | 0 | 0 | 0 | 0 | 16 | 43 | 0 | 0 | 0 | 0 | 65 | 0 |
90 Days Or Greater | 4,200 | 3,185 | ' | 3,612 | 2,679 | 588 | 506 | ' | ' | ' | ' | 600 | 493 | 230 | 222 | 3,019 | 2,149 | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 0 | 0 | 0 | 351 | 317 |
Total Past Due | 7,689 | 6,105 | ' | 4,164 | 2,821 | 3,525 | 3,284 | ' | ' | ' | ' | 1,675 | 1,423 | 906 | 506 | 4,488 | 2,751 | 125 | 54 | 0 | 0 | 62 | 92 | 0 | 0 | 0 | 0 | 433 | 1,279 |
Current | 514,643 | 496,358 | ' | 4,533 | 5,246 | 510,110 | 491,112 | ' | ' | ' | ' | 113,334 | 105,125 | 67,455 | 71,026 | 171,045 | 173,959 | 20,788 | 17,961 | 18,272 | 12,011 | 9,917 | 10,467 | 9,280 | 6,260 | 60,105 | 59,208 | 44,447 | 40,341 |
Total Loans | 522,332 | 502,463 | ' | 8,697 | 8,067 | 513,635 | 494,396 | 183,370 | 178,080 | 196,446 | 194,725 | 115,009 | 106,548 | 68,361 | 71,532 | 175,533 | 176,710 | 20,913 | 18,015 | 18,272 | 12,011 | 9,979 | 10,559 | 9,280 | 6,260 | 60,105 | 59,208 | 44,880 | 41,620 |
90 Days and Accruing | 588 | 506 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 195 | 244 | 94 | 88 | 299 | 152 | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 0 | 0 | 0 | 0 | 18 |
Period of past due after which loans considered as non accrual | ' | ' | '90 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing receivables on nonaccrual status [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing receivable nonaccrual status | $8,697 | $8,067 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $523 | $482 | $178 | $181 | $7,521 | $7,042 | $0 | $0 | $0 | $0 | $15 | $0 | $0 | $0 | $0 | $0 | $460 | $362 |
Loans_Trouble_Debt_Restructuri
Loans, Trouble Debt Restructuring (Details) (USD $) | 3 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | |
Interest Modification [Member] | Interest Modification [Member] | Interest Modification [Member] | Term Modification [Member] | Term Modification [Member] | Term Modification [Member] | Commercial [Member] | Commercial [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Real Estate Loans [Member] | Other Commercial Loans [Member] | Other Commercial Loans [Member] | |||
Contract | Contract | Contract | Contract | Contract | Contract | Interest Modification [Member] | Term Modification [Member] | Contract | Contract | Contract | Contract | Residential Mortgages [Member] | Residential Mortgages [Member] | Mortgages [Member] | Mortgages [Member] | Commercial [Member] | Commercial [Member] | Commercial [Member] | Commercial [Member] | Commercial [Member] | Commercial [Member] | Commercial [Member] | Commercial [Member] | Interest Modification [Member] | Term Modification [Member] | |||
Contract | Contract | Interest Modification [Member] | Term Modification [Member] | Interest Modification [Member] | Term Modification [Member] | Contract | Contract | Contract | Contract | Interest Modification [Member] | Interest Modification [Member] | Term Modification [Member] | Term Modification [Member] | Contract | Contract | |||||||||||||
Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | |||||||||||||||||||||
Loans [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reserves of allowance for loan losses | $80,800 | $14,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing receivable modifications [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of contracts | ' | ' | 0 | 1 | 1 | 1 | 4 | 4 | 0 | 1 | ' | ' | ' | ' | 1 | 1 | 1 | 0 | ' | ' | ' | ' | 0 | 0 | 2 | 3 | 0 | 2 |
Pre-modification Outstanding Recorded Investment | ' | ' | 0 | 72,000 | 48,000 | 62,000 | 2,895,000 | 231,000 | 0 | 62,000 | ' | ' | ' | ' | 48,000 | 71,000 | 72,000 | 0 | ' | ' | ' | ' | 0 | 0 | 1,365,000 | 160,000 | 0 | 1,530,000 |
Post-Modification Outstanding Recorded Investment | ' | ' | 0 | 72,000 | 48,000 | 62,000 | 2,895,000 | 231,000 | 0 | 62,000 | ' | ' | ' | ' | 48,000 | 71,000 | 72,000 | 0 | ' | ' | ' | ' | 0 | 0 | 1,365,000 | 160,000 | 0 | 1,530,000 |
Recidivism receivables [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total recidivism, Number of contracts | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 1 | ' | ' | ' | ' | 0 | 0 | 0 | 1 | ' | ' | ' | ' | ' | ' |
Total recidivism, Recorded investment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 50,000 | ' | ' | ' | ' | 0 | 0 | 0 | 50,000 | ' | ' | ' | ' | ' | ' |
Increase in substandard loans | $2,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Federal_Home_Loan_Bank_Stock_D
Federal Home Loan Bank Stock (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Federal Home Loan Bank Stock [Abstract] | ' | ' |
Federal home loan bank stock | $2,667,200 | $3,290,000 |
FHLB Stock, at par value (in dollars per share) | $100 | ' |
Employee_Benefit_Plans_Details
Employee Benefit Plans (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |
Components of net periodic benefit cost [Abstract] | ' | ' | ' | ' | ' |
Cost recognized | $39,000 | $37,000 | $117,000 | $103,000 | ' |
Employer contribution to 401 (k) defined contribution plan | 45,000 | 52,000 | 193,000 | 184,000 | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' |
Number of shares authorized under restricted stock plan (in shares) | 100,000 | ' | 100,000 | ' | ' |
Number of restricted stock available for grant (in shares) | 67,756 | ' | 67,756 | ' | ' |
Restricted Stock [Member] | ' | ' | ' | ' | ' |
Restricted stock activity [Roll Forward] | ' | ' | ' | ' | ' |
Outstanding, beginning of period | 7,466 | 8,507 | 8,646 | 9,921 | ' |
Granted | 0 | 0 | 3,027 | 3,808 | ' |
Forfeited | 0 | 0 | -55 | 0 | ' |
Vested | 0 | 0 | -4,152 | -5,222 | ' |
Outstanding, end of period | 7,466 | 8,507 | 7,466 | 8,507 | ' |
Weighted average market price [Roll Forward] | ' | ' | ' | ' | ' |
Outstanding, beginning of period | $41.89 | $35.16 | $35.51 | $29.37 | ' |
Granted | $0 | $0 | $48.21 | $37.10 | ' |
Forfeited | $0 | $0 | $37.10 | $0 | ' |
Vested | $0 | $0 | $33.26 | $25.59 | ' |
Outstanding, end of period | $41.89 | $35.16 | $41.89 | $35.16 | ' |
Directors [Member] | ' | ' | ' | ' | ' |
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] | ' | ' | ' | ' | ' |
Deferred interest expense | 5,000 | 4,000 | 12,000 | 12,000 | ' |
Pension Plan [Member] | ' | ' | ' | ' | ' |
Components of net periodic benefit cost [Abstract] | ' | ' | ' | ' | ' |
Service cost | 81,000 | 82,000 | 258,000 | 249,000 | ' |
Interest cost | 89,000 | 85,000 | 274,000 | 259,000 | ' |
Expected return on plan assets | -165,000 | -139,000 | -508,000 | -425,000 | ' |
Net amortization and deferral | 66,000 | 34,000 | 194,000 | 102,000 | ' |
Net periodic benefit cost | 71,000 | 62,000 | 218,000 | 185,000 | ' |
Employer contribution to pension plan | ' | ' | 1,000,000 | ' | ' |
Supplemental Executive Retirement Plans [Member] | ' | ' | ' | ' | ' |
Components of net periodic benefit cost [Abstract] | ' | ' | ' | ' | ' |
Obligation included in other liabilities | 1,010,000 | ' | 1,010,000 | ' | 901,000 |
Cost recognized | 37,000 | 23,000 | 109,000 | 69,000 | ' |
Deferred Compensation Plan [Member] | ' | ' | ' | ' | ' |
Components of net periodic benefit cost [Abstract] | ' | ' | ' | ' | ' |
Obligation included in other liabilities | $976,000 | ' | $976,000 | ' | $1,001,000 |
Accumulated_Comprehensive_Inco2
Accumulated Comprehensive Income (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | ||
Accumulated Other Comprehensive Income Loss [Line Items] | ' | ' | ||
Beginning Balance | ($713) | [1] | $4,631 | [1] |
Other comprehensive income (loss) before reclassifications (net of tax) | -86 | [1] | -5,320 | [1] |
Amounts reclassified from accumulated other comprehensive (loss) income (net of tax) | -17 | [1] | -127 | [1] |
Net current period other comprehensive income | -103 | [1] | -5,447 | [1] |
Ending Balance | -816 | [1] | -816 | [1] |
Unrealized Gains (Loss) On Available For Sale Securities [Member] | ' | ' | ||
Accumulated Other Comprehensive Income Loss [Line Items] | ' | ' | ||
Beginning Balance | 1,259 | [1] | 6,754 | [1] |
Other comprehensive income (loss) before reclassifications (net of tax) | -121 | [1] | -5,422 | [1] |
Amounts reclassified from accumulated other comprehensive (loss) income (net of tax) | -61 | [1] | -255 | [1] |
Net current period other comprehensive income | -182 | [1] | -5,677 | [1] |
Ending Balance | 1,077 | [1] | 1,077 | [1] |
Unrealized Gain (Loss) On Interest Rate Swap [Member] | ' | ' | ||
Accumulated Other Comprehensive Income Loss [Line Items] | ' | ' | ||
Beginning Balance | -65 | [1] | -132 | [1] |
Other comprehensive income (loss) before reclassifications (net of tax) | 35 | [1] | 102 | [1] |
Amounts reclassified from accumulated other comprehensive (loss) income (net of tax) | 0 | [1] | 0 | [1] |
Net current period other comprehensive income | 35 | [1] | 102 | [1] |
Ending Balance | -30 | [1] | -30 | [1] |
Defined Benefit Pension Items [Member] | ' | ' | ||
Accumulated Other Comprehensive Income Loss [Line Items] | ' | ' | ||
Beginning Balance | -1,907 | [1] | -1,991 | [1] |
Other comprehensive income (loss) before reclassifications (net of tax) | 0 | [1] | 0 | [1] |
Amounts reclassified from accumulated other comprehensive (loss) income (net of tax) | 44 | [1] | 128 | [1] |
Net current period other comprehensive income | 44 | [1] | 128 | [1] |
Ending Balance | ($1,863) | [1] | ($1,863) | [1] |
[1] | Amounts in parentheses indicate debits |
Accumulated_Comprehensive_Inco3
Accumulated Comprehensive Income, Reclassification (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||
Schedule of amount reclassified from accumulated comprehensive income [Line Items] | ' | ' | ' | ' | ||
Investment securities gains, net | $91 | [1] | $240 | $385 | [1] | $561 |
Salaries and employee benefits | -2,856 | [1] | -2,705 | -8,456 | [1] | -8,126 |
Provision for income taxes | -1,029 | [1] | -1,033 | -2,842 | [1] | -3,196 |
NET INCOME | 3,512 | [1] | 3,464 | 10,079 | [1] | 10,666 |
Unrealized Gains (Loss) On Available For Sale Securities [Member] | ' | ' | ' | ' | ||
Schedule of amount reclassified from accumulated comprehensive income [Line Items] | ' | ' | ' | ' | ||
Investment securities gains, net | 91 | [1] | ' | 385 | [1] | ' |
Provision for income taxes | -30 | [1] | ' | -130 | [1] | ' |
NET INCOME | 61 | [1] | ' | 255 | [1] | ' |
Defined Benefit Pension Items [Member] | ' | ' | ' | ' | ||
Schedule of amount reclassified from accumulated comprehensive income [Line Items] | ' | ' | ' | ' | ||
Salaries and employee benefits | -66 | [1] | ' | -194 | [1] | ' |
Provision for income taxes | 22 | [1] | ' | 66 | [1] | ' |
NET INCOME | ($44) | [1] | ' | ($128) | [1] | ' |
[1] | Amounts in parentheses indicate debits to profit/loss |
Fair_Value_Measurements_Measur
Fair Value Measurements, Measured On A Recurring And Nonrecurring Basis (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | $318,452 | $310,252 |
Fair value assets and liabilities measured on non-recurring basis [Abstract] | ' | ' |
Impaired Loans | 10,886 | 10,418 |
U.S. Agency Securities [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 145,932 | 127,234 |
US Treasury Securities [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 11,480 | 4,947 |
Obligations of State and Political Subdivisions [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 97,164 | 100,875 |
Corporate Obligations [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 19,909 | 22,109 |
Mortgage-Backed Securities in Government Sponsored Entities [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 42,468 | 53,673 |
Equity Securities in Financial Institutions [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 1,499 | 1,414 |
Recurring [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 19,909 | ' |
Recurring [Member] | U.S. Agency Securities [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 145,932 | 127,234 |
Recurring [Member] | U.S. Agency Securities [Member] | Level I [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 0 | 0 |
Recurring [Member] | U.S. Agency Securities [Member] | Level II [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 145,932 | 127,234 |
Recurring [Member] | U.S. Agency Securities [Member] | Level III [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 0 | 0 |
Recurring [Member] | US Treasury Securities [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 11,480 | 4,947 |
Recurring [Member] | US Treasury Securities [Member] | Level I [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | ' | 0 |
Recurring [Member] | US Treasury Securities [Member] | Level II [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 11,480 | 4,947 |
Recurring [Member] | US Treasury Securities [Member] | Level III [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | ' | 0 |
Recurring [Member] | Obligations of State and Political Subdivisions [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 97,164 | 100,875 |
Recurring [Member] | Obligations of State and Political Subdivisions [Member] | Level I [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 0 | 0 |
Recurring [Member] | Obligations of State and Political Subdivisions [Member] | Level II [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 97,164 | 100,875 |
Recurring [Member] | Obligations of State and Political Subdivisions [Member] | Level III [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 0 | 0 |
Recurring [Member] | Corporate Obligations [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | ' | 22,109 |
Recurring [Member] | Corporate Obligations [Member] | Level I [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 0 | 0 |
Recurring [Member] | Corporate Obligations [Member] | Level II [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 19,909 | 22,109 |
Recurring [Member] | Corporate Obligations [Member] | Level III [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 0 | 0 |
Recurring [Member] | Mortgage-Backed Securities in Government Sponsored Entities [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 42,468 | 53,673 |
Recurring [Member] | Mortgage-Backed Securities in Government Sponsored Entities [Member] | Level I [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 0 | 0 |
Recurring [Member] | Mortgage-Backed Securities in Government Sponsored Entities [Member] | Level II [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 42,468 | 53,673 |
Recurring [Member] | Mortgage-Backed Securities in Government Sponsored Entities [Member] | Level III [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 0 | 0 |
Recurring [Member] | Equity Securities in Financial Institutions [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 1,499 | 1,414 |
Recurring [Member] | Equity Securities in Financial Institutions [Member] | Level I [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 1,499 | 1,414 |
Recurring [Member] | Equity Securities in Financial Institutions [Member] | Level II [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 0 | 0 |
Recurring [Member] | Equity Securities in Financial Institutions [Member] | Level III [Member] | ' | ' |
Securities available for sale [Abstract] | ' | ' |
Securities available for sale | 0 | 0 |
Recurring [Member] | Trust Preferred Interest Rate Swap [Member] | ' | ' |
Liabilities [Abstract] | ' | ' |
Trust Preferred Interest Rate Swap | -46 | -200 |
Recurring [Member] | Trust Preferred Interest Rate Swap [Member] | Level I [Member] | ' | ' |
Liabilities [Abstract] | ' | ' |
Trust Preferred Interest Rate Swap | 0 | 0 |
Recurring [Member] | Trust Preferred Interest Rate Swap [Member] | Level II [Member] | ' | ' |
Liabilities [Abstract] | ' | ' |
Trust Preferred Interest Rate Swap | -46 | -200 |
Recurring [Member] | Trust Preferred Interest Rate Swap [Member] | Level III [Member] | ' | ' |
Liabilities [Abstract] | ' | ' |
Trust Preferred Interest Rate Swap | 0 | 0 |
Nonrecurring [Member] | ' | ' |
Fair value assets and liabilities measured on non-recurring basis [Abstract] | ' | ' |
Impaired Loans | 10,288 | 9,836 |
Other real estate owned | 501 | 616 |
Nonrecurring [Member] | Level I [Member] | ' | ' |
Fair value assets and liabilities measured on non-recurring basis [Abstract] | ' | ' |
Impaired Loans | 0 | 0 |
Other real estate owned | 0 | 0 |
Nonrecurring [Member] | Level II [Member] | ' | ' |
Fair value assets and liabilities measured on non-recurring basis [Abstract] | ' | ' |
Impaired Loans | 0 | 0 |
Other real estate owned | 0 | 0 |
Nonrecurring [Member] | Level III [Member] | ' | ' |
Fair value assets and liabilities measured on non-recurring basis [Abstract] | ' | ' |
Impaired Loans | 10,288 | 9,836 |
Other real estate owned | $501 | $616 |
Fair_Value_Measurements_Quanti
Fair Value Measurements, Quantitative Information (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Impaired Loans [Member] | Discounted Cash Flows [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value | $4,470 | $4,882 |
Valuation Technique(s) | 'Discounted Cash Flows | ' |
Impaired Loans [Member] | Discounted Cash Flows [Member] | Minimum [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Change in discount rates (in hundredths) | 0.00% | ' |
Impaired Loans [Member] | Discounted Cash Flows [Member] | Maximum [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Change in discount rates (in hundredths) | 7.00% | ' |
Impaired Loans [Member] | Appraised Collateral Values [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value | 5,818 | 4,954 |
Valuation Technique(s) | 'Appraised Collateral Values | ' |
Impaired Loans [Member] | Appraised Collateral Values [Member] | Minimum [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Discount for time since appraisal (in hundredths) | 0.00% | ' |
Selling costs (in hundredths) | 0.00% | ' |
Holding period | '0 months | ' |
Impaired Loans [Member] | Appraised Collateral Values [Member] | Maximum [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Discount for time since appraisal (in hundredths) | 20.00% | ' |
Selling costs (in hundredths) | 10.00% | ' |
Holding period | '18 months | ' |
Other Real Estate Owned [Member] | Appraised Collateral Values [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Fair Value | $501 | $616 |
Valuation Technique(s) | 'Appraised Collateral Values | ' |
Other Real Estate Owned [Member] | Appraised Collateral Values [Member] | Minimum [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Discount for time since appraisal (in hundredths) | 0.00% | ' |
Selling costs (in hundredths) | 0.00% | ' |
Other Real Estate Owned [Member] | Appraised Collateral Values [Member] | Maximum [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Discount for time since appraisal (in hundredths) | 20.00% | ' |
Selling costs (in hundredths) | 10.00% | ' |
Holding period | '18 months | ' |
Fair_Value_Measurements_By_Bal
Fair Value Measurements, By Balance Sheet Grouping (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Financial Assets [Abstract] | ' | ' |
Available-for-sale securities | $318,452 | $310,252 |
Financial Liabilities [Abstract] | ' | ' |
Consideration period for recognition of cash and due from banks | '90 days | ' |
Consideration period for recognition of accrued interest receivable and payable | '90 days | ' |
Carrying Amount [Member] | ' | ' |
Financial Assets [Abstract] | ' | ' |
Cash and cash equivalents | 13,756 | 26,333 |
Interest bearing time deposits with other banks | 2,480 | ' |
Available-for-sale securities | 318,452 | 310,252 |
Loans held for sale | 260 | 1,458 |
Net loans | 515,262 | 495,679 |
Bank owned life insurance | 14,554 | 14,177 |
Regulatory stock | 2,942 | 3,565 |
Accrued interest receivable | 3,815 | 3,816 |
Financial Liabilities [Abstract] | ' | ' |
Deposits | 758,656 | 737,096 |
Borrowed funds | 43,163 | 46,126 |
Trust preferred interest rate swap | 46 | 200 |
Accrued interest payable | 971 | 1,143 |
Fair Value [Member] | ' | ' |
Financial Assets [Abstract] | ' | ' |
Cash and cash equivalents | 13,756 | 26,333 |
Interest bearing time deposits with other banks | 2,477 | ' |
Available-for-sale securities | 318,452 | 310,252 |
Loans held for sale | 260 | 1,458 |
Net loans | 532,086 | 522,502 |
Bank owned life insurance | 14,554 | 14,177 |
Regulatory stock | 2,942 | 3,565 |
Accrued interest receivable | 3,815 | 3,816 |
Financial Liabilities [Abstract] | ' | ' |
Deposits | 761,221 | 742,422 |
Borrowed funds | 40,023 | 43,403 |
Trust preferred interest rate swap | 46 | 200 |
Accrued interest payable | 971 | 1,143 |
Level I [Member] | ' | ' |
Financial Assets [Abstract] | ' | ' |
Cash and cash equivalents | 13,756 | 26,333 |
Interest bearing time deposits with other banks | 0 | ' |
Available-for-sale securities | 1,499 | 1,414 |
Loans held for sale | 260 | 1,458 |
Net loans | 0 | 0 |
Bank owned life insurance | 14,554 | 14,177 |
Regulatory stock | 2,942 | 3,565 |
Accrued interest receivable | 3,815 | 3,816 |
Financial Liabilities [Abstract] | ' | ' |
Deposits | 490,390 | 462,557 |
Borrowed funds | 0 | 0 |
Trust preferred interest rate swap | 0 | 0 |
Accrued interest payable | 971 | 1,143 |
Level II [Member] | ' | ' |
Financial Assets [Abstract] | ' | ' |
Cash and cash equivalents | 0 | 0 |
Interest bearing time deposits with other banks | 0 | ' |
Available-for-sale securities | 316,953 | 308,838 |
Net loans | 0 | 0 |
Bank owned life insurance | 0 | 0 |
Regulatory stock | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Financial Liabilities [Abstract] | ' | ' |
Deposits | 0 | 0 |
Borrowed funds | 40,023 | 43,403 |
Trust preferred interest rate swap | 46 | 200 |
Accrued interest payable | 0 | 0 |
Level III [Member] | ' | ' |
Financial Assets [Abstract] | ' | ' |
Cash and cash equivalents | 0 | 0 |
Interest bearing time deposits with other banks | 2,477 | ' |
Available-for-sale securities | 0 | 0 |
Net loans | 532,086 | 522,502 |
Bank owned life insurance | 0 | 0 |
Regulatory stock | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Financial Liabilities [Abstract] | ' | ' |
Deposits | 270,831 | 279,865 |
Borrowed funds | 0 | 0 |
Trust preferred interest rate swap | 0 | 0 |
Accrued interest payable | $0 | $0 |