Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 07, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'SB FINANCIAL GROUP, INC. | ' |
Entity Central Index Key | '0000767405 | ' |
Amendment Flag | 'false | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 4,869,629 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $19,016 | $19,144 |
Securities available for sale, at fair value | 86,620 | 98,702 |
Other securities - FRB and FHLB Stock | 3,748 | 3,748 |
Total investment securities | 90,368 | 102,450 |
Loans held for sale | 2,407 | 6,147 |
Loans, net of unearned income | 475,233 | 463,389 |
Allowance for loan losses | -7,120 | -6,811 |
Net loans | 468,113 | 456,578 |
Premises and equipment, net | 12,399 | 12,633 |
Purchased software | 320 | 330 |
Cash surrender value of life insurance | 12,826 | 12,577 |
Goodwill | 16,353 | 16,353 |
Core deposits and other intangibles | 784 | 1,219 |
Foreclosed assets held for sale, net | 1,430 | 2,367 |
Mortgage servicing rights | 5,076 | 3,775 |
Accrued interest receivable | 1,694 | 1,235 |
Other assets | 2,626 | 3,426 |
Total assets | 633,412 | 638,234 |
Deposits | ' | ' |
Non interest bearing demand | 78,217 | 77,799 |
Interest bearing demand | 124,860 | 117,289 |
Savings | 61,899 | 57,461 |
Money market | 78,406 | 80,381 |
Time deposits | 178,161 | 194,071 |
Total deposits | 521,543 | 527,001 |
Notes payable | 680 | 1,702 |
Advances from Federal Home Loan Bank | 16,000 | 21,000 |
Repurchase agreements | 14,836 | 10,333 |
Trust preferred securities | 20,620 | 20,620 |
Accrued interest payable | 448 | 138 |
Other liabilities | 3,748 | 4,156 |
Total liabilities | 577,875 | 584,950 |
Equity | ' | ' |
Preferred stock | ' | ' |
Common stock | 12,569 | 12,569 |
Additional paid-in capital | 15,399 | 15,374 |
Retained earnings | 28,846 | 25,280 |
Accumulated other comprehensive income | 415 | 1,830 |
Treasury stock | -1,692 | -1,769 |
Total equity | 55,537 | 53,284 |
Total liabilities and equity | $633,412 | $638,234 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Loans | ' | ' | ' | ' |
Taxable | $5,649 | $6,106 | $17,406 | $18,071 |
Nontaxable | 14 | 21 | 54 | 68 |
Securities | ' | ' | ' | ' |
Taxable | 305 | 383 | 931 | 1,185 |
Nontaxable | 178 | 156 | 522 | 449 |
Total interest income | 6,146 | 6,666 | 18,913 | 19,773 |
Interest expense | ' | ' | ' | ' |
Deposits | 539 | 694 | 1,718 | 2,316 |
Other borrowings | 11 | 17 | 37 | 49 |
Repurchase Agreements | 2 | 11 | 7 | 139 |
Federal Home Loan Bank advances | 83 | 92 | 257 | 241 |
Trust preferred securities | 336 | 418 | 1,077 | 1,451 |
Total interest expense | 971 | 1,232 | 3,096 | 4,196 |
Net interest income | 5,175 | 5,434 | 15,817 | 15,577 |
Provision for loan losses | 401 | 300 | 900 | 950 |
Net interest income after provision for loan losses | 4,774 | 5,134 | 14,917 | 14,627 |
Noninterest income | ' | ' | ' | ' |
Trust fees | 669 | 646 | 1,964 | 1,895 |
Customer service fees | 659 | 677 | 1,914 | 1,976 |
Gain on sale of mtg. loans & OMSR's | 1,356 | 1,572 | 4,290 | 4,148 |
Mortgage loan servicing fees, net | 432 | -192 | 1,029 | -28 |
Gain on sale of non-mortgage loans | 44 | 170 | 282 | 170 |
Data service fees | 333 | 485 | 1,205 | 1,704 |
Net gain on sales of securities | 28 | 0 | 48 | ' |
Gain/(loss) on sale/disposal of assets | 15 | -151 | -219 | -257 |
Other income | 174 | 201 | 584 | 589 |
Total non-interest income | 3,710 | 3,408 | 11,097 | 10,197 |
Noninterest expense | ' | ' | ' | ' |
Salaries and employee benefits | 3,343 | 3,597 | 10,470 | 10,693 |
Net occupancy expense | 507 | 515 | 1,561 | 1,591 |
Equipment expense | 701 | 722 | 2,159 | 2,145 |
FDIC insurance expense | 98 | 91 | 301 | 528 |
Data processing fees | 189 | 103 | 460 | 337 |
Professional fees | 456 | 451 | 1,384 | 1,226 |
Marketing expense | 135 | 85 | 335 | 278 |
Printing and office supplies | 49 | 39 | 246 | 184 |
Telephone and communication | 156 | 151 | 472 | 434 |
Postage and delivery expense | 199 | 223 | 623 | 652 |
State, local and other taxes | 140 | 128 | 412 | 366 |
Employee expense | 125 | 118 | 403 | 343 |
Other intangible amortization expense | 129 | 157 | 435 | 472 |
OREO Impairment | ' | ' | 33 | 58 |
Other expenses | 335 | 345 | 1,018 | 965 |
Total non-interest expense | 6,562 | 6,725 | 20,312 | 20,272 |
Income before income tax expense | 1,922 | 1,817 | 5,702 | 4,552 |
Income tax expense | 578 | 513 | 1,721 | 1,262 |
Net income | $1,344 | $1,304 | $3,981 | $3,290 |
Common share data: | ' | ' | ' | ' |
Basic earnings per common share | $0.28 | $0.27 | $0.82 | $0.68 |
Diluted earnings per common share | $0.28 | $0.27 | $0.82 | $0.68 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Statements Of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net Income | $1,344 | $1,304 | $3,981 | $3,290 |
Available-for-sale investment securities: | ' | ' | ' | ' |
Gross unrealized holding (loss) gain arising in the period | -95 | 515 | -2,096 | 1,014 |
Related tax benefit (expense) | 33 | -175 | 713 | -345 |
Less: reclassification adjustment for (loss) realized in income | -28 | ' | -48 | ' |
Related tax benefit | 9 | ' | 16 | ' |
Net effect on other comprehensive (loss) income | -81 | 340 | -1,415 | 669 |
Total comprehensive income | ($1,263) | $1,644 | $2,566 | $3,959 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Changes in Stockholders Equity (Unaudited) (USD $) | Total | Preferred Stock | Common Stock | Additional Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock |
In Thousands | |||||||
Beginning Balance at Dec. 31, 2011 | $47,932 | ' | $12,569 | $15,323 | $20,466 | $1,343 | ($1,769) |
Net Income | 3,290 | ' | ' | ' | 3,290 | ' | ' |
Other Comprehensive Income (Loss) | 669 | ' | ' | ' | ' | 669 | ' |
Expense of stock option plan | 39 | ' | ' | 39 | ' | ' | ' |
Balance at Sep. 30, 2012 | 51,930 | ' | 12,569 | 15,362 | 23,756 | 2,012 | -1,769 |
Beginning Balance at Dec. 31, 2012 | 53,284 | ' | 12,569 | 15,374 | 25,280 | 1,830 | -1,769 |
Net Income | 3,981 | ' | ' | ' | 3,981 | ' | ' |
Other Comprehensive Income (Loss) | -1,415 | ' | ' | ' | ' | -1,415 | ' |
Dividends on Common Stk., $0.85 per share | -415 | ' | ' | ' | -415 | ' | ' |
Stock options exercised | 51 | ' | ' | -27 | ' | ' | 77 |
Expense of stock option plan | 52 | ' | ' | 52 | ' | ' | ' |
Balance at Sep. 30, 2013 | $55,537 | ' | $12,569 | $15,399 | $28,846 | $415 | ($1,692) |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Changes in Stockholders Equity (Unaudited) (Parenthetical) (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Statement Of Stockholders' Equity [Abstract] | ' |
Dividend common stock, Per share amount | $0.85 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Operating Activities | ' | ' |
Net Income | $3,981 | $3,290 |
Items (using)/providing cash | ' | ' |
Depreciation & amortization | 813 | 941 |
Provision for loan losses | 900 | 950 |
Expense of share-based compensation plan | 52 | 39 |
Amortization of premiums and discounts on securities | 755 | 970 |
Amortization of intangible assets | 435 | 472 |
Amortization of originated mortgage servicing rights | 699 | 973 |
Recapture of originated mortgage servicing rights impairment | -649 | -419 |
Impairment of mortgage servicing rights | ' | 305 |
Proceeds from sale of loans held for sale | 221,444 | 238,894 |
Originations of loans held for sale | -209,104 | -242,306 |
Gain from sale of loans | -4,572 | -4,318 |
Gain on sales of available for sale securities | -48 | ' |
Loss on sale of foreclosed assets | 121 | 254 |
Income from bank owned life insurance | -249 | -267 |
OREO impairment | 33 | 58 |
Changes in | ' | ' |
Interest receivable | -459 | -196 |
Other assets | -3,694 | 1,783 |
Interest payable and other liabilities | -98 | 1,190 |
Net cash provided by operating activities | 10,360 | 2,613 |
Investing Activities | ' | ' |
Purchase of available-for-sale securities | -21,494 | -23,956 |
Purchase of Federal Home Loan Bank stock | ' | -63 |
Proceeds from maturities of available-for-sale securities | 23,278 | 34,730 |
Proceeds from sales of available-for-sale-securities | 7,390 | ' |
Net change in loans | -13,350 | -14,255 |
Purchase of premises and equipment and software | -918 | -942 |
Proceeds from sales or disposal of premises and equipment | 315 | 701 |
Proceeds from sale of foreclosed assets | 1,657 | 261 |
Net cash used in investing activities | -3,122 | -3,524 |
Financing Activities | ' | ' |
Net increase in demand deposits, money market, interest checking and savings accounts | 10,452 | 15,673 |
Net decrease in certificates of deposit | -15,910 | -19,187 |
Net increase / (decrease) in securities sold under agreements to repurchase | 4,503 | -5,044 |
Proceeds from Federal Home Loan Bank advances | 9,000 | 41,500 |
Repayment of Federal Home Loan Bank advances | -14,000 | -35,776 |
Proceeds from stock options exercised | 26 | ' |
Dividends on common stock | -415 | ' |
Repayment of notes payable | -1,022 | -813 |
Net cash used in financing activities | -7,366 | -3,647 |
Decrease in Cash and Cash Equivalents | -128 | -4,558 |
Cash and Cash Equivalents, Beginning of Year | 19,144 | 14,846 |
Cash and Cash Equivalents, End of Period | 19,016 | 10,289 |
Supplemental Cash Flows Information | ' | ' |
Interest paid | 2,786 | 2,927 |
Income taxes paid | 550 | 70 |
Transfer of loans to foreclosed assets | $915 | $983 |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Basis of Presentation [Abstract] | ' |
BASIS OF PRESENTATION | ' |
NOTE A—BASIS OF PRESENTATION | |
SB Financial Group, Inc. (the “Company”) is a bank holding company whose principal activity is the ownership and management of its wholly-owned subsidiaries, The State Bank and Trust Company (“State Bank”), RFCBC, Inc. (“RFCBC”), Rurbanc Data Services, Inc. dba RDSI Banking Systems (“RDSI”), Rurban Statutory Trust I (“RST I”), and Rurban Statutory Trust II (“RST II”). State Bank owns all the outstanding stock of Rurban Mortgage Company (“RMC”), Rurban Investments, Inc. (“RII”) and State Bank Insurance, LLC (“SBI”). Effective April 18, 2013, the Company changed its name from Rurban Financial Corp. to SB Financial Group, Inc. | |
The consolidated financial statements include the accounts of the Company, State Bank, RFCBC, RDSI, RMC, RII, and SBI. All significant intercompany accounts and transactions have been eliminated in consolidation. | |
The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions for Form 10-Q. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. The financial statements reflect all adjustments that are, in the opinion of management, necessary to fairly present the financial position, results of operations and cash flows of the Company. Those adjustments consist only of normal recurring adjustments. Results of operations for the three and nine months ended September 30, 2013, are not necessarily indicative of results for the complete year. | |
The condensed consolidated balance sheet of the Company as of December 31, 2012 has been derived from the audited consolidated balance sheet of the Company as of that date. | |
For further information, refer to the consolidated financial statements and footnotes included in 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 B—EARNINGS PER SHARE | |||||||||||||||||
Earnings per share (EPS) have been computed based on the weighted average number of shares outstanding during the periods presented. For the period ended September 30, 2013, share based awards totaling 95,070 common shares were not considered in computing diluted EPS as they were anti-dilutive. For the period ended September 30, 2012, share based awards totaling 302,474 common shares were not considered in computing diluted EPS as they were anti-dilutive. The average number of shares used in the computation of basic and diluted earnings per share were: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
(shares in thousands) | September 30, | September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Basic earnings per share | 4,867 | 4,862 | 4,865 | 4,862 | |||||||||||||
Diluted earnings per share | 4,881 | 4,862 | 4,877 | 4,862 | |||||||||||||
Securities
Securities | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Securities [Abstract] | ' | ||||||||||||||||||||||||
SECURITIES | ' | ||||||||||||||||||||||||
NOTE C - SECURITIES | |||||||||||||||||||||||||
The amortized cost and appropriate fair values, together with gross unrealized gains and losses, of securities at September 30, 2013 and December 31, 2012 were as follows: | |||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
($'s in thousands) | Amortized | Unrealized | Unrealized | Approximate | |||||||||||||||||||||
Cost | Gains | Losses | Fair Value | ||||||||||||||||||||||
Available-for-Sale Securities: | |||||||||||||||||||||||||
September 30, 2013: | |||||||||||||||||||||||||
U.S. Treasury and Government agencies | $ | 12,610 | $ | 128 | $ | (117 | ) | $ | 12,621 | ||||||||||||||||
Mortgage-backed securities | 53,026 | 573 | (327 | ) | 53,272 | ||||||||||||||||||||
State and political subdivisions | 18,966 | 660 | (299 | ) | 19,327 | ||||||||||||||||||||
Money Market Mutual Funds | 1,377 | - | - | 1,377 | |||||||||||||||||||||
Equity securities | 23 | - | - | 23 | |||||||||||||||||||||
$ | 86,002 | $ | 1,361 | $ | (743 | ) | $ | 86,620 | |||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
($'s in thousands) | Amortized | Unrealized | Unrealized | ||||||||||||||||||||||
Cost | Gains | Losses | Fair Value | ||||||||||||||||||||||
Available-for-Sale Securities: | |||||||||||||||||||||||||
December 31, 2012: | |||||||||||||||||||||||||
U.S. Treasury and Government agencies | $ | 14,301 | $ | 210 | $ | - | $ | 14,511 | |||||||||||||||||
Mortgage-backed securities | 62,661 | 1,136 | (33 | ) | 63,764 | ||||||||||||||||||||
State and political subdivisions | 16,789 | 1,462 | (2 | ) | 18,249 | ||||||||||||||||||||
Money Market Mutual Funds | 2,155 | - | - | 2,155 | |||||||||||||||||||||
Equity securities | 23 | - | - | 23 | |||||||||||||||||||||
$ | 95,929 | $ | 2,808 | $ | (35 | ) | $ | 98,702 | |||||||||||||||||
The amortized cost and fair value of securities available for sale at September 30, 2013, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. | |||||||||||||||||||||||||
Available for Sale | |||||||||||||||||||||||||
Amortized | Fair | ||||||||||||||||||||||||
($'s in thousands) | Cost | Value | |||||||||||||||||||||||
September 30, 2013: | |||||||||||||||||||||||||
Within one year | $ | 1,022 | $ | 1,024 | |||||||||||||||||||||
Due after one year through five years | 1,387 | 1,463 | |||||||||||||||||||||||
Due after five years through ten years | 10,950 | 11,076 | |||||||||||||||||||||||
Due after ten years | 18,217 | 18,385 | |||||||||||||||||||||||
31,576 | 31,948 | ||||||||||||||||||||||||
Mortgage-backed securities, money market mutual funds & equity securities | 54,426 | 54,672 | |||||||||||||||||||||||
Totals | $ | 86,002 | $ | 86,620 | |||||||||||||||||||||
The fair value of securities pledged as collateral, to secure public deposits and for other purposes, was $67.2 million at September 30, 2013 and $49.8 million at December 31, 2012. The fair value of securities delivered for repurchase agreements was $16.6 million at September 30, 2013 and $16.2 million at December 31, 2012. | |||||||||||||||||||||||||
Gross gains of $0.03 million and $0.05 million resulting from sales of available-for-sale securities, were realized during the three and nine month periods ending September 30, 2013, respectively. The $0.05 million gain on sale was a reclassification from accumulated other comprehensive income and is included in the net gain on sales of securities. The related $0.02 million tax benefit is a reclassification from accumulated other comprehensive income and is included in the income tax expense line item in the income statement. There were no realized gains or losses from sales of available-for-sale securities for the three or nine month periods ending September 30, 2012. | |||||||||||||||||||||||||
Certain investments in debt securities are reported in the financial statements at an amount less than their historical cost. Total fair value of these investments was $25.9 million at September 30, 2013, and $6.0 million at December 31, 2012, which was approximately 29.9 and 6.1 percent, respectively, of the Company’s available-for-sale investment portfolio at such dates. Based on evaluation of available evidence, including recent changes in market interest rates, credit rating information and information obtained from regulatory filings, management believes the declines in fair value for these securities are temporary. Should the impairment of any of these securities become other than temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary impairment is identified. | |||||||||||||||||||||||||
Securities with unrealized losses, aggregated by investment class and length of time that individual securities have been in a continuous unrealized loss position, at September 30, 2013 and December 31, 2012 are as follows: | |||||||||||||||||||||||||
($ in thousands) | Less than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||||||
30-Sep-13 | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | |||||||||||||||||||
Available-for-Sale Securities: | |||||||||||||||||||||||||
US Treasury and Government Agencies | $ | 3,995 | $ | (117 | ) | $ | - | $ | - | $ | 3,995 | $ | (117 | ) | |||||||||||
Mortgage-backed securities | 17,027 | (327 | ) | - | - | 17,027 | (327 | ) | |||||||||||||||||
State and political subdivisions | 4,909 | (299 | ) | - | - | 4,909 | (299 | ) | |||||||||||||||||
$ | 25,931 | $ | (743 | ) | $ | - | $ | - | $ | 25,931 | $ | (743 | ) | ||||||||||||
($ in thousands) | Less than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||||||
31-Dec-12 | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | |||||||||||||||||||
Available-for-Sale Securities: | |||||||||||||||||||||||||
Mortgage-backed securities | $ | 5,202 | $ | (33 | ) | $ | 342 | $ | - | $ | 5,544 | $ | (33 | ) | |||||||||||
State and political subdivisions | 229 | (1 | ) | 251 | (1 | ) | 480 | (2 | ) | ||||||||||||||||
$ | 5,431 | $ | (34 | ) | $ | 593 | $ | (1 | ) | $ | 6,024 | $ | (35 | ) | |||||||||||
During the quarter ended September 30, 2013, interest rates remained level from the quarter ended June 30, 2013. The increase in rates from December 31, 2012 resulted in higher unrealized losses in the investment portfolio. Specifically, at September 30, 2013, 29 bonds in the portfolio (25%) have an unrealized loss. The investment portfolio duration for the Company is in line with peer banks and the percentage decrease in value was in line with our estimates for this level of interest rate increase. In addition, management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concern warrants such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent of the Company to not sell the investment and whether it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost. Management has determined there is no other-than-temporary-impairment on these securities. |
Loans_and_Allowance_for_Loan_L
Loans and Allowance for Loan Losses | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||
Loans and Allowance For Loan Losses [Abstract] | ' | ||||||||||||||||||||||||||||
LOANS AND ALLOWANCE FOR LOAN LOSSES | ' | ||||||||||||||||||||||||||||
NOTE D – LOANS AND ALLOWANCE FOR LOAN LOSSES | |||||||||||||||||||||||||||||
Loans that management has the intent and ability to hold for the foreseeable future, or until maturity or payoffs, are reported at their outstanding principal balances adjusted for any charge-offs, the allowance for loan losses, any deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans. Interest income is reported on the interest method and includes amortization of net deferred loan fees and costs over the loan term. Generally, all loan classes are placed on non-accrual status not later than 90 days past due, unless the loan is well-secured and in the process of collection. All interest accrued, but not collected for loans that are placed on non-accrual or charged-off, is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. | |||||||||||||||||||||||||||||
The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the non-collectability of a loan balance is probable. Subsequent recoveries, if any, are credited to the allowance. | |||||||||||||||||||||||||||||
The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as new information becomes available. | |||||||||||||||||||||||||||||
The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers nonclassified loans and is based on historical charge-off experience and expected loss given default derived from the Company’s internal risk rating process. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected on the historical loss or risk rating data. | |||||||||||||||||||||||||||||
A loan is considered impaired when, based on current information and events, it is probable that State Bank will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration each of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial, agricultural, and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. | |||||||||||||||||||||||||||||
When State Bank moves a loan to non-accrual status, total unpaid interest accrued to date is reversed from income. Subsequent payments are applied to the outstanding principal balance with the interest portion of the payment recorded on the balance sheet as a contra-loan. Interest received on impaired loans may be realized once all contractual principal amounts are received or when a borrower establishes a history of six consecutive timely principal and interest payments. It is at the discretion of management to determine when a loan is placed back on accrual status upon receipt of six consecutive timely payments. | |||||||||||||||||||||||||||||
Large groups of smaller balance homogenous loans are collectively evaluated for impairment. Accordingly, State Bank does not separately identify individual consumer and residential loans for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. | |||||||||||||||||||||||||||||
Categories of loans at September 30, 2013 and December 31, 2012 include: | |||||||||||||||||||||||||||||
($ in thousands) | Total Loans | Non-Accrual Loans | Non-Accrual Percentage | ||||||||||||||||||||||||||
Sep. 2013 | Dec. 2012 | Sep. 2013 | Dec. 2012 | Sep. 2013 | Dec. 2012 | ||||||||||||||||||||||||
Commercial & Industrial | $ | 81,859 | $ | 81,767 | 2,738 | 1,246 | 3.34 | % | 1.52 | % | |||||||||||||||||||
Commercial RE & Construction | 209,739 | 201,392 | 642 | 782 | 0.31 | % | 0.39 | % | |||||||||||||||||||||
Agricultural & Farmland | 39,636 | 42,276 | - | - | 0 | % | 0 | % | |||||||||||||||||||||
Residential Real Estate | 96,477 | 87,859 | 1,837 | 2,631 | 1.9 | % | 2.99 | % | |||||||||||||||||||||
Home Equity & Consumer | 47,677 | 50,223 | 363 | 646 | 0.76 | % | 1.29 | % | |||||||||||||||||||||
Other | 133 | 148 | - | - | 0 | % | 0 | % | |||||||||||||||||||||
Total loans | 475,521 | 463,665 | $ | 5,580 | $ | 5,305 | 1.17 | % | 1.14 | % | |||||||||||||||||||
Less | |||||||||||||||||||||||||||||
Net deferred loan fees, premiums and discounts | (288 | ) | (276 | ) | |||||||||||||||||||||||||
Loans, net of unearned income | $ | 475,233 | $ | 463,389 | |||||||||||||||||||||||||
Allowance for loan losses | $ | (7,120 | ) | $ | (6,811 | ) | |||||||||||||||||||||||
The following tables present the activity in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method as of September 30, 2013, December 31, 2012 and September 30, 2012. | |||||||||||||||||||||||||||||
Commercial | Commercial RE | Agricultural | Residential | Home Equity | |||||||||||||||||||||||||
($'s in thousands) | & Industrial | & Construction | & Farmland | Real Estate | & Consumer | Other | Total | ||||||||||||||||||||||
For the Three Months Ended | |||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,547 | $ | 3,059 | $ | 180 | $ | 1,183 | $ | 947 | $ | 97 | $ | 7,013 | |||||||||||||||
Charge Offs | - | (53 | ) | - | (69 | ) | (185 | ) | - | (307 | ) | ||||||||||||||||||
Recoveries | 2 | 1 | 1 | - | 9 | - | 13 | ||||||||||||||||||||||
Provision | 183 | 86 | (4 | ) | 22 | 114 | - | 401 | |||||||||||||||||||||
Ending Balance | $ | 1,732 | $ | 3,093 | $ | 177 | $ | 1,136 | $ | 885 | $ | 97 | $ | 7,120 | |||||||||||||||
For the Nine Months Ended | |||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,561 | $ | 3,034 | $ | 186 | $ | 1,088 | $ | 839 | $ | 103 | $ | 6,811 | |||||||||||||||
Charge Offs | (1 | ) | (58 | ) | - | (167 | ) | (421 | ) | (9 | ) | (656 | ) | ||||||||||||||||
Recoveries | 16 | 16 | 3 | 19 | 11 | - | 65 | ||||||||||||||||||||||
Provision | 156 | 101 | (12 | ) | 196 | 456 | 3 | 900 | |||||||||||||||||||||
Ending Balance | $ | 1,732 | $ | 3,093 | $ | 177 | $ | 1,136 | $ | 885 | $ | 97 | $ | 7,120 | |||||||||||||||
Loans Receivable at September 30, 2013 | |||||||||||||||||||||||||||||
Commercial | Commercial RE | Agricultural | Residential | Home Equity | |||||||||||||||||||||||||
($'s in thousands) | & Industrial | & Construction | & Farmland | Real Estate | & Consumer | Other | Total | ||||||||||||||||||||||
Allowance: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
individually | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 521 | $ | 40 | $ | - | $ | 219 | $ | 178 | $ | 958 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
collectively | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 1,211 | $ | 3,053 | $ | 177 | $ | 917 | $ | 707 | $ | 97 | $ | 6,162 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
individually | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 2,463 | $ | 829 | $ | - | $ | 2,125 | $ | 604 | $ | 6,021 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
collectively | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 79,396 | $ | 208,910 | $ | 39,636 | $ | 94,352 | $ | 47,073 | $ | 133 | $ | 469,500 | |||||||||||||||
ALLOWANCE FOR LOAN AND LEASE LOSSES | |||||||||||||||||||||||||||||
Commercial | Commercial RE | Agricultural | Residential | Home Equity | |||||||||||||||||||||||||
($'s in thousands) | & Industrial | & Construction | & Farmland | Real Estate | & Consumer | Other | Total | ||||||||||||||||||||||
For the Three Months Ended | |||||||||||||||||||||||||||||
30-Sep-12 | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,517 | $ | 3,020 | $ | 95 | $ | 1,047 | $ | 802 | $ | 137 | $ | 6,618 | |||||||||||||||
Charge Offs | (79 | ) | (180 | ) | (10 | ) | - | (25 | ) | (7 | ) | (301 | ) | ||||||||||||||||
Recoveries | 11 | 5 | 2 | (2 | ) | 61 | 2 | 79 | |||||||||||||||||||||
Provision | 152 | 57 | 107 | (18 | ) | 12 | (10 | ) | 300 | ||||||||||||||||||||
Ending Balance | $ | 1,601 | $ | 2,902 | $ | 194 | $ | 1,027 | $ | 850 | $ | 122 | $ | 6,696 | |||||||||||||||
For the Nine Months Ended | |||||||||||||||||||||||||||||
30-Sep-12 | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,914 | $ | 2,880 | $ | 51 | $ | 956 | $ | 599 | $ | 129 | $ | 6,529 | |||||||||||||||
Charge Offs | (284 | ) | (279 | ) | (10 | ) | (65 | ) | (366 | ) | (24 | ) | (1,028 | ) | |||||||||||||||
Recoveries | 39 | 47 | 4 | 80 | 69 | 6 | 245 | ||||||||||||||||||||||
Provision | (68 | ) | 254 | 149 | 56 | 548 | 11 | 950 | |||||||||||||||||||||
Ending Balance | $ | 1,601 | $ | 2,902 | $ | 194 | $ | 1,027 | $ | 850 | $ | 122 | $ | 6,696 | |||||||||||||||
\Loans Receivable at December 31, 2012 | |||||||||||||||||||||||||||||
Commercial | Commercial RE | Agricultural | Residential | Home Equity | |||||||||||||||||||||||||
($'s in thousands) | & Industrial | & Construction | & Farmland | Real Estate | & Consumer | Other | Total | ||||||||||||||||||||||
Allowance: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
individually | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 485 | $ | 55 | $ | - | $ | 386 | $ | 195 | $ | 1,121 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
collectively | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 1,076 | $ | 2,979 | $ | 186 | $ | 702 | $ | 644 | $ | 102 | $ | 5,690 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
individually | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 1,232 | $ | 725 | $ | - | $ | 2,683 | $ | 682 | $ | 5,322 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
collectively | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 80,535 | $ | 200,667 | $ | 42,276 | $ | 85,176 | $ | 49,541 | $ | 148 | $ | 458,343 | |||||||||||||||
The risk characteristics of each loan portfolio segment are as follows: | |||||||||||||||||||||||||||||
Commercial and Agricultural | |||||||||||||||||||||||||||||
Commercial and agricultural loans are primarily based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets, such as accounts receivable or inventory, and may include a personal guarantee. Short-term loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its customers. | |||||||||||||||||||||||||||||
Commercial Real Estate including Construction | |||||||||||||||||||||||||||||
Commercial real estate loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts and the repayment of these loans is generally dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. The characteristics of properties securing the Company’s commercial real estate portfolio are diverse, but with geographic location almost entirely in the Company’s market area. Management monitors and evaluates commercial real estate loans based on collateral, geography and risk grade criteria. In general, the Company avoids financing single purpose projects unless other underwriting factors are present to help mitigate risk. In addition, management tracks the level of owner-occupied commercial real estate versus non-owner-occupied loans. | |||||||||||||||||||||||||||||
Construction loans are underwritten utilizing feasibility studies, independent appraisal reviews and financial analysis of the developers and property owners. Construction loans are generally based on estimates of costs and value associated with the completed project. These estimates may be inaccurate. Construction loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project. Sources of repayment for these types of loans may be pre-committed permanent loans from approved long-term lenders, sales of developed property or an interim loan commitment from the Company until permanent financing is obtained. These loans are closely monitored by on-site inspections and are considered to have higher risks than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, governmental regulation of real property, general economic conditions and the availability of long-term financing. | |||||||||||||||||||||||||||||
Residential and Consumer | |||||||||||||||||||||||||||||
Residential and consumer loans consist of two segments – residential mortgage loans and personal loans. Residential mortgage loans are secured by 1-4 family residences and are generally owner-occupied, and the Company generally establishes a maximum loan-to-value ratio and requires private mortgage insurance if that ratio is exceeded. Home equity loans are typically secured by a subordinate interest in 1-4 family residences, and consumer personal loans are secured by consumer personal assets, such as automobiles or recreational vehicles. Some consumer personal loans are unsecured, such as small installment loans and certain lines of credit. Repayment of these loans is primarily dependent on the personal income of the borrowers, which can be impacted by economic conditions in their market areas, such as unemployment levels. Repayment can also be impacted by changes in property values on residential properties. Risk is mitigated by the fact that these loans are of smaller individual amounts and spread over a large number of borrowers. | |||||||||||||||||||||||||||||
The following tables present the credit risk profile of the Company’s loan portfolio based on rating category and payment activity as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||
30-Sep-13 | Commercial | Commercial RE | Agricultural | Residential | Home Equity | ||||||||||||||||||||||||
Loan Grade | & Industrial | & Construction | & Farmland | Real Estate | & Consumer | Other | Total | ||||||||||||||||||||||
($ in thousands) | |||||||||||||||||||||||||||||
1-2 | $ | 1,919 | $ | 86 | $ | 101 | $ | - | $ | 1 | $ | - | $ | 2,107 | |||||||||||||||
3 | 21,317 | 44,955 | 6,651 | 87,069 | 43,506 | 17 | 203,515 | ||||||||||||||||||||||
4 | 51,427 | 149,168 | 32,884 | 5,892 | 3,641 | 116 | 243,128 | ||||||||||||||||||||||
Total Pass | 74,663 | 194,209 | 39,636 | 92,961 | 47,148 | 133 | 448,750 | ||||||||||||||||||||||
Special Mention | 3,551 | 13,007 | - | 1,435 | 80 | - | 18,073 | ||||||||||||||||||||||
Substandard | 1,081 | 1,883 | - | 292 | 114 | - | 3,370 | ||||||||||||||||||||||
Doubtful | 2,564 | 640 | - | 1,789 | 335 | - | 5,328 | ||||||||||||||||||||||
Loss | - | - | - | - | - | - | - | ||||||||||||||||||||||
Total Loans | $ | 81,859 | $ | 209,739 | $ | 39,636 | $ | 96,477 | $ | 47,677 | $ | 133 | $ | 475,521 | |||||||||||||||
31-Dec-12 | Commercial | Commercial RE | Agricultural | Residential | Home Equity | ||||||||||||||||||||||||
Loan Grade | & Industrial | & Construction | & Farmland | Real Estate | & Consumer | Other | Total | ||||||||||||||||||||||
($ in thousands) | |||||||||||||||||||||||||||||
1-2 | $ | 1,108 | $ | 101 | $ | 109 | $ | - | $ | - | $ | - | $ | 1,318 | |||||||||||||||
3 | 23,028 | 55,175 | 7,938 | 77,221 | 45,063 | 17 | 208,442 | ||||||||||||||||||||||
4 | 54,871 | 129,846 | 34,195 | 6,285 | 4,223 | 131 | 229,551 | ||||||||||||||||||||||
Total Pass | 79,007 | 185,122 | 42,242 | 83,506 | 49,286 | 148 | 439,311 | ||||||||||||||||||||||
Special Mention | 88 | 12,370 | - | 1,186 | 190 | - | 13,834 | ||||||||||||||||||||||
Substandard | 1,429 | 3,024 | 34 | 699 | 144 | - | 5,330 | ||||||||||||||||||||||
Doubtful | 1,243 | 876 | - | 2,468 | 603 | - | 5,190 | ||||||||||||||||||||||
Loss | - | - | - | - | - | - | - | ||||||||||||||||||||||
Total Loans | $ | 81,767 | $ | 201,392 | $ | 42,276 | $ | 87,859 | $ | 50,223 | $ | 148 | $ | 463,665 | |||||||||||||||
The Company evaluates the loan risk grading system definitions and allowance for loan loss methodology on an ongoing basis. | |||||||||||||||||||||||||||||
Credit Risk Profile | |||||||||||||||||||||||||||||
The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis includes loans with an outstanding balance greater than $100 thousand and non-homogeneous loans, such as commercial and commercial real estate loans. This analysis is performed on a quarterly basis. The Company uses the following definitions for risk ratings: | |||||||||||||||||||||||||||||
Special Mention (5): Assets have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the Company’s credit position at some future date. Special mention assets are not adversely classified and do not expose the Company to sufficient risk to warrant adverse classification. Ordinarily, special mention credits have characteristics which corrective management action would remedy. | |||||||||||||||||||||||||||||
Substandard (6): Loans are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. | |||||||||||||||||||||||||||||
Doubtful (7): Loans classified as doubtful have all the weaknesses inherent in those classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of current known facts, conditions and values, highly questionable and improbable. | |||||||||||||||||||||||||||||
Loss (8): Loans are considered uncollectable and of such little value that continuing to carry them as assets on the Company’s financial statement is not feasible. Loans will be classified Loss when it is neither practical nor desirable to defer writing off or reserving all or a portion of a basically worthless asset, even though partial recovery may be possible at some time in the future. | |||||||||||||||||||||||||||||
Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass (1-4) rated loans. Pass ratings are assigned to those borrowers that do not have identified potential or well-defined weaknesses and for which there is a high likelihood of orderly repayment. All other categories are updated on a quarterly basis. | |||||||||||||||||||||||||||||
The following tables present the Company’s loan portfolio aging analysis as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater Than | Total Past | Total Loans | |||||||||||||||||||||||||
30-Sep-13 | Past Due | Past Due | 90 Days | Due | Current | Receivable | |||||||||||||||||||||||
($ in thousands) | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 26 | $ | - | $ | 622 | $ | 648 | $ | 81,211 | $ | 81,859 | |||||||||||||||||
Commercial RE & Construction | 193 | - | 278 | 471 | 209,268 | 209,739 | |||||||||||||||||||||||
Agricultural & Farmland | - | - | - | - | 39,636 | 39,636 | |||||||||||||||||||||||
Residential Real Estate | 106 | 63 | 795 | 964 | 95,513 | 96,477 | |||||||||||||||||||||||
Home Equity & Consumer | 29 | 22 | 119 | 170 | 47,507 | 47,677 | |||||||||||||||||||||||
Other | - | - | - | - | 133 | 133 | |||||||||||||||||||||||
Total Loans | $ | 354 | $ | 85 | $ | 1,814 | $ | 2,253 | $ | 473,268 | $ | 475,521 | |||||||||||||||||
30-59 Days | 60-89 Days | Greater Than | Total Past | Total Loans | |||||||||||||||||||||||||
31-Dec-12 | Past Due | Past Due | 90 Days | Due | Current | Receivable | |||||||||||||||||||||||
($ in thousands) | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 26 | $ | 2 | $ | 497 | $ | 525 | $ | 81,242 | $ | 81,767 | |||||||||||||||||
Commercial RE & Construction | 1,623 | 320 | 264 | 2,207 | 199,185 | 201,392 | |||||||||||||||||||||||
Agricultural & Farmland | - | - | - | - | 42,276 | 42,276 | |||||||||||||||||||||||
Residential Real Estate | 90 | 139 | 1,467 | 1,696 | 86,163 | 87,859 | |||||||||||||||||||||||
Home Equity & Consumer | 319 | 76 | 280 | 675 | 49,548 | 50,223 | |||||||||||||||||||||||
Other | - | - | - | - | 148 | 148 | |||||||||||||||||||||||
Total Loans | $ | 2,058 | $ | 537 | $ | 2,508 | $ | 5,103 | $ | 458,562 | $ | 463,665 | |||||||||||||||||
All loans past due 90 days are systematically placed on nonaccrual status. | |||||||||||||||||||||||||||||
A loan is considered impaired, in accordance with the impairment accounting guidance (ASC 310-10-35-16), when based on current information and events, it is probable State Bank will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. Impaired loans include nonperforming commercial loans but also include loans modified in troubled debt restructurings where concessions have been granted to borrowers experiencing financial difficulties. These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forebearance or other actions intended to maximize collection. | |||||||||||||||||||||||||||||
The following tables present impaired loan information as of and for the three and nine months ended September 30, 2013 and 2012, and for the twelve months ended December 31, 2012: | |||||||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||
($'s in thousands) | Recorded | Unpaid Principal | Related | Average Recorded | Interest Income | ||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Recognized | |||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 663 | $ | 2,549 | $ | - | $ | 870 | $ | 4 | |||||||||||||||||||
Commercial RE & Construction | 624 | 624 | - | 805 | 5 | ||||||||||||||||||||||||
Agricultural & Farmland | - | - | - | - | - | ||||||||||||||||||||||||
Residential Real Estate | 1,020 | 1,074 | - | 1,156 | 12 | ||||||||||||||||||||||||
Home Equity & Consumer | 189 | 189 | - | 199 | 3 | ||||||||||||||||||||||||
All Impaired Loans < $100,000 | 1,065 | 1,065 | - | 1,065 | - | ||||||||||||||||||||||||
With a specific allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | 1,800 | 1,800 | 521 | 1,800 | 12 | ||||||||||||||||||||||||
Commercial RE & Construction | 205 | 258 | 40 | 259 | 3 | ||||||||||||||||||||||||
Agricultural & Farmland | - | - | - | - | - | ||||||||||||||||||||||||
Residential Real Estate | 1,105 | 1,105 | 219 | 978 | 12 | ||||||||||||||||||||||||
Home Equity & Consumer | 415 | 415 | 178 | 438 | 7 | ||||||||||||||||||||||||
All Impaired Loans < $100,000 | - | - | - | - | - | ||||||||||||||||||||||||
Totals: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 2,463 | $ | 4,349 | $ | 521 | $ | 2,670 | $ | 16 | |||||||||||||||||||
Commercial RE & Construction | $ | 829 | $ | 882 | $ | 40 | $ | 1,064 | $ | 8 | |||||||||||||||||||
Agricultural & Farmland | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Residential Real Estate | $ | 2,125 | $ | 2,179 | $ | 219 | $ | 2,134 | $ | 24 | |||||||||||||||||||
Home Equity & Consumer | $ | 604 | $ | 604 | $ | 178 | $ | 637 | $ | 10 | |||||||||||||||||||
All Impaired Loans < $100,000 | $ | 1,065 | $ | 1,065 | $ | - | $ | 1,065 | $ | - | |||||||||||||||||||
Nine Months Ended | |||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||
($'s in thousands) | Average Recorded | Interest Income | |||||||||||||||||||||||||||
Investment | Recognized | ||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 2,341 | $ | 13 | |||||||||||||||||||||||||
Commercial RE & Construction | 820 | 19 | |||||||||||||||||||||||||||
Agricultural & Farmland | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 1,160 | 35 | |||||||||||||||||||||||||||
Home Equity & Consumer | 203 | 8 | |||||||||||||||||||||||||||
All Impaired Loans < $100,000 | 1,065 | - | |||||||||||||||||||||||||||
With a specific allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | 1,773 | 44 | |||||||||||||||||||||||||||
Commercial RE & Construction | 261 | 8 | |||||||||||||||||||||||||||
Agricultural & Farmland | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 983 | 36 | |||||||||||||||||||||||||||
Home Equity & Consumer | 445 | 22 | |||||||||||||||||||||||||||
All Impaired Loans < $100,000 | - | - | |||||||||||||||||||||||||||
Totals: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 4,114 | $ | 57 | |||||||||||||||||||||||||
Commercial RE & Construction | $ | 1,081 | $ | 27 | |||||||||||||||||||||||||
Agricultural & Farmland | $ | - | $ | - | |||||||||||||||||||||||||
Residential Real Estate | $ | 2,143 | $ | 71 | |||||||||||||||||||||||||
Home Equity & Consumer | $ | 648 | $ | 30 | |||||||||||||||||||||||||
All Impaired Loans < $100,000 | $ | 1,065 | $ | - | |||||||||||||||||||||||||
Twelve Months Ended | |||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||
($'s in thousands) | Recorded | Unpaid Principal | Related | ||||||||||||||||||||||||||
Investment | Balance | Allowance | |||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 394 | $ | 2,280 | $ | - | |||||||||||||||||||||||
Commercial RE & Construction | 527 | 1,529 | - | ||||||||||||||||||||||||||
Agricultural & Farmland | - | - | - | ||||||||||||||||||||||||||
Residential Real Estate | 1,122 | 1,204 | - | ||||||||||||||||||||||||||
Home Equity & Consumer | 228 | 260 | - | ||||||||||||||||||||||||||
All Impaired Loans < $100,000 | 1,336 | 1,336 | - | ||||||||||||||||||||||||||
With a specific allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | 838 | 944 | 485 | ||||||||||||||||||||||||||
Commercial RE & Construction | 198 | 198 | 55 | ||||||||||||||||||||||||||
Agricultural & Farmland | - | - | - | ||||||||||||||||||||||||||
Residential Real Estate | 1,561 | 1,561 | 386 | ||||||||||||||||||||||||||
Home Equity & Consumer | 454 | 454 | 195 | ||||||||||||||||||||||||||
All Impaired Loans < $100,000 | - | - | - | ||||||||||||||||||||||||||
Totals: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 1,232 | $ | 3,224 | $ | 485 | |||||||||||||||||||||||
Commercial RE & Construction | $ | 725 | $ | 1,727 | $ | 55 | |||||||||||||||||||||||
Agricultural & Farmland | $ | - | $ | - | $ | - | |||||||||||||||||||||||
Residential Real Estate | $ | 2,683 | $ | 2,765 | $ | 386 | |||||||||||||||||||||||
Home Equity & Consumer | $ | 682 | $ | 714 | $ | 195 | |||||||||||||||||||||||
All Impaired Loans < $100,000 | $ | 1,336 | $ | 1,336 | $ | - | |||||||||||||||||||||||
Nine Months Ended | Three Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2012 | Sep. 30, 2012 | ||||||||||||||||||||||||||||
($'s in thousands) | Average Recorded | Interest Income | Average Recorded | Interest Income | |||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 2,568 | $ | - | $ | 2,071 | $ | - | |||||||||||||||||||||
Commercial RE & Construction | 2,078 | 18 | 2,013 | 6 | |||||||||||||||||||||||||
Agricultural & Farmland | - | - | - | - | |||||||||||||||||||||||||
Residential Real Estate | 1,359 | 57 | 1,351 | 16 | |||||||||||||||||||||||||
Home Equity & Consumer | 393 | 11 | 388 | 4 | |||||||||||||||||||||||||
All Impaired Loans < $100,000 | 1,441 | - | 1,441 | - | |||||||||||||||||||||||||
With a specific allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | 949 | 6 | 947 | 3 | |||||||||||||||||||||||||
Commercial RE & Construction | - | - | - | - | |||||||||||||||||||||||||
Agricultural & Farmland | 3 | - | 3 | - | |||||||||||||||||||||||||
Residential Real Estate | 1,480 | 38 | 1,475 | 12 | |||||||||||||||||||||||||
Home Equity & Consumer | 365 | 13 | 362 | 5 | |||||||||||||||||||||||||
Totals: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 3,517 | $ | 6 | $ | 3,018 | $ | 3 | |||||||||||||||||||||
Commercial RE & Construction | $ | 2,078 | $ | 18 | $ | 2,013 | $ | 6 | |||||||||||||||||||||
Agricultural & Farmland | $ | 3 | $ | - | $ | 3 | $ | - | |||||||||||||||||||||
Residential Real Estate | $ | 2,839 | $ | 95 | $ | 2,826 | $ | 28 | |||||||||||||||||||||
Home Equity & Consumer | $ | 758 | $ | 24 | $ | 750 | $ | 9 | |||||||||||||||||||||
All Impaired Loans < $100,000 | $ | 1,441 | $ | - | $ | 1,441 | $ | - | |||||||||||||||||||||
Impaired loans less than $100,000 are included in groups of homogenous loans. These loans are evaluated based on delinquency status. | |||||||||||||||||||||||||||||
Interest income recognized on a cash basis does not materially differ from interest income recognized on an accrual basis. | |||||||||||||||||||||||||||||
Troubled Debt Restructured (TDR) Loans | |||||||||||||||||||||||||||||
TDRs are modified loans where a concession was provided to a borrower experiencing financial difficulties. Loan modifications are considered TDRs when the concessions provided are not available to the borrower through either normal channels or other sources. However, not all loan modifications are TDRs. | |||||||||||||||||||||||||||||
TDR Concession Types | |||||||||||||||||||||||||||||
The Company’s standards relating to loan modifications consider, among other factors, minimum verified income requirements, cash flow analysis, and collateral valuations. Each potential loan modification is reviewed individually and the terms of the loan are modified to meet a borrower’s specific circumstances at a point in time. All loan modifications, including those classified as TDRs, are reviewed and approved. The types of concessions provided to borrowers include: | |||||||||||||||||||||||||||||
· | Interest rate reduction: A reduction of the stated interest rate to a nonmarket rate for the remaining original life of the debt. The Company also may grant interest rate concessions for a limited timeframe on a case by case basis. | ||||||||||||||||||||||||||||
· | Amortization or maturity date change beyond what the collateral supports, including any of the following: | ||||||||||||||||||||||||||||
-1 | Lengthens the amortization period of the amortized principal beyond market terms. This concession reduces the minimum monthly payment and increases the amount of the balloon payment at the end of the term of the loan. Principal is generally not forgiven. | ||||||||||||||||||||||||||||
-2 | Reduces the amount of loan principal to be amortized. This concession also reduces the minimum monthly payment and increases the amount of the balloon payment at the end of the term of the loan. Principal is generally not forgiven. | ||||||||||||||||||||||||||||
-3 | Extends the maturity date or dates of the debt beyond what the collateral supports. This concession generally applies to loans without a balloon payment at the end of the term of the loan. In addition, there may be instances where renewing loans potentially require non-market terms and would then be reclassified as TDRs. | ||||||||||||||||||||||||||||
· | Other: A concession that is not categorized as one of the concessions described above. These concessions include, but are not limited to: principal forgiveness, collateral concessions, covenant concessions, and reduction of accrued interest. Principal forgiveness may result from any TDR modification of any concession type. | ||||||||||||||||||||||||||||
The table below presents the newly restructured loans by type of modification during the nine months ended September 30, 2013, and September 30, 2012. | |||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||
Interest | Total | ||||||||||||||||||||||||||||
($ in thousands) | Only | Term | Combination | Modification | |||||||||||||||||||||||||
Residential Real Estate | $ | - | $ | 13 | $ | - | $ | 13 | |||||||||||||||||||||
Consumer | - | 11 | - | 11 | |||||||||||||||||||||||||
Total Modifications | $ | - | $ | 24 | $ | - | $ | 24 | |||||||||||||||||||||
The loans described above increased the ALLL by $11,000 in the nine month period ending September 30, 2013. | |||||||||||||||||||||||||||||
30-Sep-12 | |||||||||||||||||||||||||||||
Interest | Total | ||||||||||||||||||||||||||||
($ in thousands) | Only | Term | Combination | Modification | |||||||||||||||||||||||||
Residential Real Estate | $ | - | $ | 142 | $ | 192 | $ | 334 | |||||||||||||||||||||
Consumer | - | - | - | - | |||||||||||||||||||||||||
Total Modifications | $ | - | $ | 142 | $ | 192 | $ | 334 | |||||||||||||||||||||
The loans described above increased the ALLL by $71,000 in the nine month period ending September 30, 2012. | |||||||||||||||||||||||||||||
Troubled debt restructurings modified in the past 12 months that subsequently defaulted: | |||||||||||||||||||||||||||||
Number of | Recorded | ||||||||||||||||||||||||||||
($ in thousands) | Contracts | Balance | |||||||||||||||||||||||||||
Residential Real Estate | 4 | $ | 194 | ||||||||||||||||||||||||||
Consumer | - | - | |||||||||||||||||||||||||||
4 | $ | 194 | |||||||||||||||||||||||||||
New_Accounting_Pronouncements
New Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2013 | |
New Accounting Pronouncements [Abstract] | ' |
NEW ACCOUNTING PRONOUNCEMENTS | ' |
NOTE E - NEW ACCOUNTING PRONOUNCEMENTS | |
ASC No. 2013-04, Liabilities (Topic 405):Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation is Fixed at the Reporting Date (insert a space between title and paragraph) | |
The objective of the amendments in this Update is to provide guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, except for obligations addressed within existing guidance in U.S. generally accepted accounting principles (GAAP). Examples of obligations within the scope of this Update include debt arrangement, other contractual obligations, and settled litigation and judicial rulings. U.S. GAAP does not include specific guidance on accounting for such obligations with joint and several liability, which has resulted in diversity in practice. Some entities record the entire amount under the joint and several liability arrangement on the basis of the concept of a liability and the guidance that must be met to extinguish a liability. Other entities record less than the total amount of the obligation, such as an amount allocated, an amount corresponding to the proceeds received, or the portion of the amount the entity agreed to pay among it co-obligors, on the basis of the guidance for contingent liabilities. | |
ASU No. 2013-02, Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income. | |
The objective of this ASU is to improve the reporting of reclassifications out of accumulated other comprehensive income. The amendments require an entity to report the effect of significant reclassifications on the respective line items in net income if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income. | |
The amendments in this update are effective prospectively for reporting periods beginning after December 15, 2012. The Company has adopted these amendments and they have not had a material impact on the Company’s Condensed Consolidated Financial Statements. | |
ASU No. 2012-02, Intangibles-Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment. | |
This ASU amends Topic 350 to allow the Company to first assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the indefinite-lived intangible asset is impaired. If, after assessing the totality of events and circumstances, an entity concludes that it is not more likely than not that the indefinite-lived intangible asset is impaired, then the entity is not required to take further action. However, if the Company concludes otherwise, then it is required to determine the fair value of the indefinite-lived intangible asset and perform a quantitative impairment test by comparing the fair value with the carrying amount in accordance with Codification Subtopic 350-30, Intangibles-Goodwill and Other, General Intangibles Other than Goodwill. | |
The Company also has the option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test. An entity will be able to resume performing the qualitative assessment in any subsequent period. | |
The amendments in this update are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted, including for annual and interim impairment tests performed as of a date before July 27, 2012. Management has determined that the adoption of ASU 2012-02 have not had a material impact on the Company’s Condensed Consolidated Financial Statements. | |
ASU 2011-05, Other Comprehensive Income (Topic 220): Presentation of Comprehensive Income. | |
This ASU amends Topic 220 to give an entity the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income (OCI) either in a single continuous statement of comprehensive income or in two separate but consecutive statements. An entity is also required to present on the face of the financial statement reclassification adjustments for items that are reclassified from OCI to net income in the statement(s) where the components of net income and the components of OCI are presented. The amendments do not change items that must be reported in OCI or when an item of OCI must be reclassified to net income, only the format for presentation. The updated guidance and requirements are effective for financial statements issued for the fiscal years, and the interim periods within those years, beginning after December 15, 2011. |
Segment_Information
Segment Information | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Segment Information [Abstract] | ' | ||||||||||||||||||||||||
SEGMENT INFORMATION | ' | ||||||||||||||||||||||||
NOTE F – SEGMENT INFORMATION | |||||||||||||||||||||||||
The reportable segments are determined by the products and services offered, primarily distinguished between banking and data processing operations. “Other” segment information includes the accounts of the holding company, SB Financial Group, which provides management and operational services to its subsidiaries. Information reported internally for performance assessment follows. | |||||||||||||||||||||||||
As of and for the three months ended September 30, 2013 | |||||||||||||||||||||||||
Data | Total | Intersegment | Consolidated | ||||||||||||||||||||||
Income statement information ($'s in thousands) | Banking | Processing | Other | Segments | Elimination | Totals | |||||||||||||||||||
Net interest income (expense) | $ | 5,521 | $ | (11 | ) | $ | (335 | ) | $ | 5,175 | $ | - | $ | 5,175 | |||||||||||
Other revenue - external customers | 3,413 | 333 | - | 3,746 | - | 3,746 | |||||||||||||||||||
Other revenue - other segments | 62 | 174 | - | 236 | (272 | ) | (36 | ) | |||||||||||||||||
Total revenue | 8,996 | 496 | (335 | ) | 9,157 | (272 | ) | 8,885 | |||||||||||||||||
Non-interest expense | 5,957 | 632 | 210 | 6,799 | (237 | ) | 6,562 | ||||||||||||||||||
Significant non-cash items: | |||||||||||||||||||||||||
Depreciation and amortization | 286 | 26 | - | 312 | - | 312 | |||||||||||||||||||
. | |||||||||||||||||||||||||
Provision for loan losses | 404 | - | (3 | ) | 401 | - | 401 | ||||||||||||||||||
Income tax expense (benefit) | 809 | (46 | ) | (185 | ) | 578 | - | 578 | |||||||||||||||||
Segment profit (loss) | $ | 1,826 | $ | (90 | ) | $ | (357 | ) | $ | 1,379 | $ | (35 | ) | $ | 1,344 | ||||||||||
Balance sheet information | |||||||||||||||||||||||||
Total assets | $ | 629,632 | $ | 1,847 | $ | 1,452 | $ | 632,931 | $ | 481 | $ | 633,412 | |||||||||||||
Goodwill and intangibles | $ | 17,137 | $ | - | $ | - | $ | 17,137 | $ | - | $ | 17,137 | |||||||||||||
Premises and equipment expenditures | $ | 329 | $ | 8 | $ | 28 | $ | 365 | $ | - | $ | 365 | |||||||||||||
As of and for the three months ended September 30, 2012 | |||||||||||||||||||||||||
Data | Total | Intersegment | Consolidated | ||||||||||||||||||||||
Income statement information ($'s in thousands) | Banking | Processing | Other | Segments | Elimination | Totals | |||||||||||||||||||
Net interest income (expense) | $ | 5,869 | $ | (17 | ) | $ | (418 | ) | $ | 5,434 | $ | - | $ | 5,434 | |||||||||||
Other revenue - external customers | 2,951 | 484 | 15 | 3,450 | 3,450 | ||||||||||||||||||||
Other revenue - other segments | 67 | 233 | 68 | 368 | (410 | ) | (42 | ) | |||||||||||||||||
Total revenue | 8,887 | 700 | (335 | ) | 9,252 | (410 | ) | 8,842 | |||||||||||||||||
Non-interest expense | 6,068 | 735 | 290 | 7,093 | (368 | ) | 6,725 | ||||||||||||||||||
Significant non-cash items: | |||||||||||||||||||||||||
Depreciation and amortization | 239 | 59 | 1 | 299 | - | 299 | |||||||||||||||||||
Provision for loan losses | 300 | - | - | 300 | - | 300 | |||||||||||||||||||
Income tax expense (benefit) | 743 | (11 | ) | (218 | ) | 514 | - | 513 | |||||||||||||||||
Segment profit (loss) | $ | 1,776 | $ | (24 | ) | $ | (407 | ) | $ | 1,345 | $ | (41 | ) | $ | 1,304 | ||||||||||
Balance sheet information | |||||||||||||||||||||||||
Total assets | $ | 624,840 | $ | 2,518 | $ | 4,920 | $ | 632,278 | $ | (2,073 | ) | $ | 630,205 | ||||||||||||
Goodwill and intangibles | $ | 17,729 | $ | - | $ | - | $ | 17,729 | $ | - | $ | 17,729 | |||||||||||||
Premises and equipment expenditures | $ | (12 | ) | $ | - | $ | - | $ | (12 | ) | $ | - | $ | (12 | ) | ||||||||||
As of and for the nine months ended September 30, 2013 | |||||||||||||||||||||||||
Data | Total | Intersegment | Consolidated | ||||||||||||||||||||||
Income statement information ($'s in thousands) | Banking | Processing | Other | Segments | Elimination | Totals | |||||||||||||||||||
Net interest income (expense) | $ | 16,930 | $ | (37 | ) | $ | (1,076 | ) | $ | 15,817 | $ | - | $ | 15,817 | |||||||||||
Non-interest income - external customers | 9,973 | 1,205 | - | 11,178 | 11,178 | ||||||||||||||||||||
Non-interest income - other segments | 230 | 756 | 20 | 1,006 | (1,087 | ) | (81 | ) | |||||||||||||||||
Total revenue | 27,133 | 1,924 | (1,056 | ) | 28,001 | (1,087 | ) | 26,914 | |||||||||||||||||
Non-interest expense | 18,534 | 2,038 | 726 | 21,298 | (986 | ) | 20,312 | ||||||||||||||||||
Significant non-cash items: | |||||||||||||||||||||||||
Depreciation and amortization | 720 | 90 | 3 | 813 | - | 813 | |||||||||||||||||||
Provision for loan losses | 903 | - | (3 | ) | 900 | - | 900 | ||||||||||||||||||
Income tax expense (benefit) | 2,365 | (39 | ) | (605 | ) | 1,721 | - | 1,721 | |||||||||||||||||
Segment profit (loss) | $ | 5,331 | $ | (75 | ) | $ | (1,174 | ) | $ | 4,082 | $ | (101 | ) | $ | 3,981 | ||||||||||
Balance sheet information | |||||||||||||||||||||||||
Total assets | $ | 629,632 | $ | 1,847 | $ | 1,452 | $ | 632,931 | $ | 481 | $ | 633,412 | |||||||||||||
Goodwill and intangibles | $ | 17,137 | $ | - | $ | - | $ | 17,137 | $ | - | $ | 17,137 | |||||||||||||
Premises and equipment expenditures | $ | 882 | $ | 8 | $ | 28 | $ | 918 | $ | - | $ | 918 | |||||||||||||
As of and for the nine months ended September 30, 2012 | |||||||||||||||||||||||||
Data | Total | Intersegment | Consolidated | ||||||||||||||||||||||
Income statement information ($'s in thousands) | Banking | Processing | Other | Segments | Elimination | Totals | |||||||||||||||||||
Net interest income (expense) | $ | 17,160 | $ | (99 | ) | $ | (1,450 | ) | $ | 15,611 | $ | (34 | ) | $ | 15,577 | ||||||||||
Non-interest income - external customers | 8,576 | 1,682 | 41 | 10,299 | 10,299 | ||||||||||||||||||||
Non-interest income - other segments | 227 | 1,298 | 182 | 1,707 | (1,809 | ) | (102 | ) | |||||||||||||||||
Total revenue | 25,963 | 2,881 | (1,227 | ) | 27,617 | (1,843 | ) | 25,774 | |||||||||||||||||
Non-interest expense | 18,598 | 2,461 | 954 | 22,012 | (1,740 | ) | 20,272 | ||||||||||||||||||
Significant non-cash items: | |||||||||||||||||||||||||
Depreciation and amortization | 701 | 233 | 7 | 941 | - | 941 | |||||||||||||||||||
Provision for loan losses | 950 | - | - | 950 | - | 950 | |||||||||||||||||||
Income tax expense (benefit) | 1,875 | 143 | (756 | ) | 1,262 | - | 1,262 | ||||||||||||||||||
Segment profit (loss) | $ | 4,540 | $ | 277 | $ | (1,425 | ) | $ | 3,393 | $ | (102 | ) | $ | 3,290 | |||||||||||
Balance sheet information | |||||||||||||||||||||||||
Total assets | $ | 624,840 | $ | 2,518 | $ | 4,920 | $ | 632,278 | $ | (2,073 | ) | $ | 630,205 | ||||||||||||
Goodwill and intangibles | $ | 17,729 | $ | - | $ | - | $ | 17,729 | $ | - | $ | 17,729 | |||||||||||||
Premises and equipment expenditures | $ | 940 | $ | 2 | $ | - | $ | 942 | $ | - | $ | 942 |
Derivative_Financial_Instrumen
Derivative Financial Instruments | 9 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Derivative Financial Instruments [Abstract] | ' | ||||||||||
DERIVATIVE FINANCIAL INSTRUMENTS | ' | ||||||||||
NOTE G – DERIVATIVE FINANCIAL INSTRUMENTS | |||||||||||
Risk Management Objective of Using Derivatives | |||||||||||
The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company manages its exposures to a wide variety of business and operational risks primarily through management of its core business activities. The Company manages economic risks, including interest rate, liquidity and credit risk, primarily by managing the amount, sources and duration of its assets and liabilities and through the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing and duration of the Company’s known or expected cash payments principally related to certain variable-rate assets. | |||||||||||
Non-designated Hedges | |||||||||||
The Company does not use derivatives for trading or speculative purposes. Derivatives not designated as hedges are not speculative and result from a service the Company provides to certain customers. The Company executes interest rate swaps with commercial banking customers to facilitate their respective risk management strategies. Those interest rate swaps are simultaneously hedged by offsetting interest rate swaps that the Company executes with a third party, such that the Company minimizes its net risk exposure resulting from such transactions. As the interest rate swaps associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the customer swaps and the offsetting swaps are recognized directly in earnings. As of September 30, 2013, the notional amount of customer-facing swaps was approximately $13.7 million. This amount is offset with third party counterparties, as described above. | |||||||||||
The Company has minimum collateral posting thresholds with its derivative counterparties. As of September 30, 2013, the Company had posted cash as collateral in the amount of $0.1 million. | |||||||||||
Fair Values of Derivative Instruments on the Balance Sheet | |||||||||||
The table below presents the fair value of the Company’s derivative financial instruments, as well as their classification on the Balance Sheet, as of September 30, 2013 and December 31, 2012. | |||||||||||
($ in thousands) | Asset Derivatives | Liability Derivatives | |||||||||
30-Sep-13 | 30-Sep-13 | ||||||||||
Derivatives not designated | Balance Sheet | Fair | Balance Sheet | Fair | |||||||
as hedging instruments: | Location | Value | Location | Value | |||||||
Interest rate contracts | Other Assets | $ | 279 | Other Liabilities | $ | 279 | |||||
Asset Derivatives | Liability Derivatives | ||||||||||
31-Dec-12 | 31-Dec-12 | ||||||||||
Derivatives not designated | Balance Sheet | Fair | Balance Sheet | Fair | |||||||
as hedging instruments: | Location | Value | Location | Value | |||||||
Interest rate contracts | Other Assets | $ | 254 | Other Liabilities | $ | 254 | |||||
Effect of Derivative Instruments on the Income Statement | |||||||||||
The Company’s derivative financial instruments had no net effect on the Income Statements for the three and nine months ended September 30, 2013 and September 30, 2012. |
Fair_Value_of_Assets_and_Liabi
Fair Value of Assets and Liabilities | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Fair Value Of Assets and Liabilities [Abstract] | ' | ||||||||||||||||
FAIR VALUE OF ASSETS AND LIABILITIES | ' | ||||||||||||||||
NOTE H – FAIR VALUE OF ASSETS AND LIABILITIES | |||||||||||||||||
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value: | |||||||||||||||||
Level 1 | Quoted prices in active markets for identical assets or liabilities | ||||||||||||||||
Level 2 | Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities | ||||||||||||||||
Level 3 | Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities | ||||||||||||||||
Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a recurring basis, recognized in the accompanying balance sheets, as well as the general classifications of such assets pursuant to the valuation hierarchy. | |||||||||||||||||
Available-for-Sale Securities | |||||||||||||||||
The fair values of available-for-sale securities are determined by various valuation methodologies. Level 1 securities include money market mutual funds. Level 1 inputs include quoted prices in an active market. Level 2 securities include U.S. treasury and government agencies, mortgage-backed securities, obligations of political and state subdivisions and equity securities. Level 2 inputs do not include quoted prices for individual securities in active markets; however, they do include inputs that are either directly or indirectly observable for the individual security being valued. Such observable inputs include interest rates and yield curves at commonly quoted intervals, volatilities, prepayment speeds, credit risks and default rates. Also included are inputs derived principally from or corroborated by observable market data by correlation or other means. | |||||||||||||||||
Interest Rate Contracts | |||||||||||||||||
The fair values of interest rate contracts are based upon the estimated amount the Company would receive or pay to terminate the contracts or agreements, taking into account underlying interest rates, creditworthiness of underlying customers for credit derivatives and, when appropriate, the creditworthiness of the counterparties. | |||||||||||||||||
The following table presents the fair value measurements of assets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at September 30, 2013 and December 31, 2012. | |||||||||||||||||
($'s in thousands) | Fair Values at | Fair Value Measurements Using: | |||||||||||||||
Description | 9/30/13 | Level 1 | Level 2 | Level 3 | |||||||||||||
Available-for-Sale Securities: | |||||||||||||||||
U.S. Treasury and Government Agencies | $ | 12,621 | $ | - | $ | 12,621 | $ | - | |||||||||
Mortgage-backed securities | 53,272 | - | 53,272 | - | |||||||||||||
State and political subdivisions | 19,327 | - | 19,327 | - | |||||||||||||
Money Market Mutual Funds | 1,377 | 1,377 | - | - | |||||||||||||
Equity securities | 23 | - | 23 | - | |||||||||||||
Interest rate contracts | 279 | - | 279 | - | |||||||||||||
($'s in thousands) | Fair Values at | Fair Value Measurements Using: | |||||||||||||||
Description | 12/31/12 | Level 1 | Level 2 | Level 3 | |||||||||||||
Available-for-Sale Securities: | |||||||||||||||||
U.S. Treasury and Government Agencies | $ | 14,511 | $ | - | $ | 14,511 | $ | - | |||||||||
Mortgage-backed securities | 63,764 | - | 63,764 | - | |||||||||||||
State and political subdivisions | 18,249 | - | 18,249 | - | |||||||||||||
Money Market Mutual Funds | 2,155 | 2,155 | - | - | |||||||||||||
Equity securities | 23 | - | 23 | - | |||||||||||||
Interest rate contracts | 254 | - | 254 | - | |||||||||||||
Level 1 – Quoted Prices in Active Markets for Identical Assets | |||||||||||||||||
Level 2 – Significant Other Observable Inputs | |||||||||||||||||
Level 3 – Significant Unobservable Inputs | |||||||||||||||||
The following is a description of the valuation methodologies and inputs used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. | |||||||||||||||||
Collateral-dependent Impaired Loans, Net of ALLL | |||||||||||||||||
Loans for which it is probable the Company will not collect all principal and interest due according to contractual terms are measured for impairment. The estimated fair value of collateral-dependent impaired loans is based on the appraised value of the collateral, less estimated cost to sell. Collateral-dependent impaired loans are classified within Level 3 of the fair value hierarchy. This method requires obtaining independent appraisals of the collateral, which are reviewed for accuracy and consistency by Credit Administration. These appraisers are selected from the list of approved appraisers maintained by management. The appraised values are reduced by applying a discount factor to the value based on the Company’s loan review policy. All impaired loans held by the Company were collateral dependent at September 30, 2013 and December 31, 2012. | |||||||||||||||||
Mortgage Servicing Rights | |||||||||||||||||
Mortgage servicing rights do not trade in an active, open market with readily observable prices. Accordingly, fair value is estimated using discounted cash flow models associated with the servicing rights and discounting the cash flows using discount market rates, prepayment speeds and default rates. The servicing portfolio has been valued using all relevant positive and negative cash flows including servicing fees, miscellaneous income and float; marginal costs of servicing; the cost of carry of advances; and foreclosure losses; and applying certain prevailing assumptions used in the marketplace. Due to the nature of the valuation inputs, mortgage servicing rights are classified within Level 3 of the hierarchy. These mortgage servicing rights are tested for impairment on a quarterly basis. | |||||||||||||||||
Foreclosed Assets Held For Sale | |||||||||||||||||
Foreclosed assets held for sale are carried at the lower of fair value at acquisition date or current estimated fair value, less estimated cost to sell when the real estate is acquired. Estimated fair value of foreclosed assets held for sale is based on appraisals or evaluations. Foreclosed assets held for sale are classified within Level 3 of the fair value hierarchy. | |||||||||||||||||
Appraisals of foreclosed assets held for sale are obtained when the real estate is acquired and subsequently as deemed necessary by Credit Administration. These independent appraisals of the collateral are reviewed for accuracy and consistency by Credit Administration. The appraisers are selected from the list of approved appraisers maintained by management. | |||||||||||||||||
The following table presents the fair value measurements of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fell at September 30, 2013 and December 31, 2012: | |||||||||||||||||
($'s in thousands) | Fair Values at | Fair Value Measurements Using: | |||||||||||||||
Description | 9/30/13 | Level 1 | Level 2 | Level 3 | |||||||||||||
Impaired loans | $ | 1,632 | $ | - | $ | - | $ | 1,632 | |||||||||
Mortgage servicing rights | 2,112 | - | - | 2,112 | |||||||||||||
Foreclosed assets | 84 | - | - | 84 | |||||||||||||
($'s in thousands) | Fair Values at | Fair Value Measurements Using: | |||||||||||||||
Description | 12/31/12 | Level 1 | Level 2 | Level 3 | |||||||||||||
Impaired loans | $ | 2,227 | $ | - | $ | - | $ | 2,227 | |||||||||
Mortgage servicing rights | 2,667 | - | - | 2,667 | |||||||||||||
Foreclosed assets | 950 | - | - | 950 | |||||||||||||
Unobservable (Level 3) Inputs | |||||||||||||||||
The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements. | |||||||||||||||||
Fair Value at | Valuation | Range (Weighted | |||||||||||||||
($'s in thousands) | 9/30/13 | Technique | Unobservable Inputs | Average) | |||||||||||||
Collateral-dependent impaired loans | $ | 1,632 | Market comparable properties | Comparability adjustments (%) | Not available | ||||||||||||
Mortgage servicing rights | 2,112 | Discounted cash flow | Discount Rate | 9.75 | % | ||||||||||||
Constant prepayment rate | 8.5 | % | |||||||||||||||
P&I earnings credit | 0.18 | % | |||||||||||||||
T&I earnings credit | 1.67 | % | |||||||||||||||
Inflation for cost of servicing | 1.5 | % | |||||||||||||||
Foreclosed assets | 84 | Market comparable properties | Marketability discount | 10 | % | ||||||||||||
Fair Value at | Valuation | Range (Weighted | |||||||||||||||
($'s in thousands) | 12/31/12 | Technique | Unobservable Inputs | Average) | |||||||||||||
Collateral-dependent impaired loans | $ | 2,227 | Market comparable properties | Comparability adjustments (%) | Not available | ||||||||||||
Mortgage servicing rights | 2,667 | Discounted cash flow | Discount Rate | 8.5 | % | ||||||||||||
Constant prepayment rate | 15.6 | % | |||||||||||||||
P&I earnings credit | 0.21 | % | |||||||||||||||
T&I earnings credit | 0.81 | % | |||||||||||||||
Inflation for cost of servicing | 1.5 | % | |||||||||||||||
Foreclosed assets | 950 | Market comparable properties | Marketability discount | 10 | % | ||||||||||||
There were no changes in the inputs or methodologies used to determine fair value at September 30, 2013 as compared to December 31, 2012. | |||||||||||||||||
The following table presents estimated fair values of the Company’s other financial instruments carried at other than fair value. The fair values of certain of these instruments were calculated by discounting expected cash flows, which involves significant judgments by management and uncertainties. Fair value is the estimated amount at which financial assets or liabilities could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. Because no market exists for certain of these financial instruments, and because management does not intend to sell these financial instruments, the Company does not know whether the fair values shown below represent values at which the respective financial instruments could be sold individually or in the aggregate. | |||||||||||||||||
The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying balance sheets at amounts other than fair value. | |||||||||||||||||
Cash and Cash Equivalents, Federal Reserve and Federal Home Loan Bank Stock and Accrued Interest Payable and Receivable | |||||||||||||||||
Fair value is determined to be the carrying amount for these items (which include cash on hand, due from banks, and federal funds sold) because they represent cash or mature in 90 days or less, and do not represent unanticipated credit concerns. | |||||||||||||||||
Loans Held For Sale | |||||||||||||||||
The fair value of loans held for sale is based upon quoted market prices, where available, or is determined by discounting estimated cash flows using interest rates approximating the Company's current origination rates for similar loans and adjusted to reflect the inherent credit risk. | |||||||||||||||||
Loans | |||||||||||||||||
The estimated fair value for loans receivable, including loans held for sale, net, is based on estimates of the rate State Bank would charge for similar loans at September 30, 2013 and December 31, 2012, applied for the time period until the loans are assumed to re-price or be paid. | |||||||||||||||||
Mortgage Servicing Rights | |||||||||||||||||
Mortgage servicing rights do not trade in an active, open market with readily observable prices. Accordingly, fair value is estimated using discounted cash flow models associated with the servicing rights and discounting the cash flows using discount market rates, prepayment speeds and default rates. The servicing portfolio has been valued using all relevant positive and negative cash flows including servicing fees, miscellaneous income and float; marginal costs of servicing; the cost of carry of advances; and foreclosure losses; and applying certain prevailing assumptions used in the marketplace. Due to the nature of the valuation inputs, mortgage servicing rights are classified within Level 3 of the hierarchy. These mortgage servicing rights are tested for impairment on a quarterly basis. | |||||||||||||||||
Deposits, Short-term borrowings, Notes payable & FHLB advances | |||||||||||||||||
Deposits include demand deposits, savings accounts, NOW accounts and certain money market deposits. The carrying amount approximates the fair value. The estimated fair value for fixed-maturity time deposits, as well as borrowings, is based on estimates of the rate State Bank could pay on similar instruments with similar terms and maturities at September 30, 2013 and December 31, 2012. | |||||||||||||||||
Loan Commitments | |||||||||||||||||
The fair value of commitments is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. The estimated fair values for other financial instruments and off-balance-sheet loan commitments approximate cost at September 30, 2013 and December 31, 2012 and are not considered significant to this presentation. | |||||||||||||||||
Trust Preferred Securities | |||||||||||||||||
The fair value for Trust Preferred Securities is estimated by discounting the cash flows using an appropriate discount rate. | |||||||||||||||||
30-Sep-13 | Carrying | Fair Value Measurements Using | |||||||||||||||
($'s in thousands) | Amount | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
Financial assets | |||||||||||||||||
Cash and cash equivalents | $ | 19,016 | $ | 19,016 | $ | - | $ | - | |||||||||
Loans held for sale | 2,407 | - | 2,471 | - | |||||||||||||
Loans, net of allowance for loan losses | 468,113 | - | - | 470,329 | |||||||||||||
Federal Reserve and FHLB Bank stock | 3,748 | - | 3,748 | - | |||||||||||||
Mortgage Servicing Rights | 5,076 | - | - | 6,215 | |||||||||||||
Accrued interest receivable | 1,694 | - | 1,694 | - | |||||||||||||
Financial liabilities | |||||||||||||||||
Deposits | $ | 521,543 | $ | - | $ | 524,226 | $ | - | |||||||||
Notes payable | 680 | - | 695 | - | |||||||||||||
FHLB advances | 16,000 | - | 15,991 | - | |||||||||||||
Short-term borrowings | 14,836 | - | 14,836 | - | |||||||||||||
Trust preferred securities | 20,620 | - | 13,737 | - | |||||||||||||
Accrued interest payable | 448 | - | 448 | - | |||||||||||||
31-Dec-12 | Carrying | Fair Value Measurements Using | |||||||||||||||
($'s in thousands) | Amount | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
Financial assets | |||||||||||||||||
Cash and cash equivalents | $ | 19,144 | $ | 19,144 | $ | - | $ | - | |||||||||
Loans held for sale | 6,147 | - | 6,350 | - | |||||||||||||
Loans, net of allowance for loan losses | 456,578 | - | - | 462,773 | |||||||||||||
Federal Reserve and FHLB Bank stock | 3,748 | - | 3,748 | - | |||||||||||||
Mortgage Servicing Rights | 3,775 | - | - | 4,329 | |||||||||||||
Accrued interest receivable | 1,235 | - | 1,235 | - | |||||||||||||
Financial liabilities | |||||||||||||||||
Deposits | $ | 527,001 | $ | - | $ | 530,097 | $ | - | |||||||||
Notes payable | 1,702 | - | 1,731 | - | |||||||||||||
FHLB advances | 21,000 | - | 21,274 | - | |||||||||||||
Short-term borrowings | 10,333 | - | 10,333 | - | |||||||||||||
Trust preferred securities | 20,620 | - | 7,353 | - | |||||||||||||
Accrued interest payable | 138 | - | 138 | - |
New_Accounting_Pronouncements_
New Accounting Pronouncements (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
New Accounting Pronouncements [Abstract] | ' |
New accounting pronouncements | ' |
ASC No. 2013-04, Liabilities (Topic 405):Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation is Fixed at the Reporting Date (insert a space between title and paragraph) | |
The objective of the amendments in this Update is to provide guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, except for obligations addressed within existing guidance in U.S. generally accepted accounting principles (GAAP). Examples of obligations within the scope of this Update include debt arrangement, other contractual obligations, and settled litigation and judicial rulings. U.S. GAAP does not include specific guidance on accounting for such obligations with joint and several liability, which has resulted in diversity in practice. Some entities record the entire amount under the joint and several liability arrangement on the basis of the concept of a liability and the guidance that must be met to extinguish a liability. Other entities record less than the total amount of the obligation, such as an amount allocated, an amount corresponding to the proceeds received, or the portion of the amount the entity agreed to pay among it co-obligors, on the basis of the guidance for contingent liabilities. | |
ASU No. 2013-02, Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income. | |
The objective of this ASU is to improve the reporting of reclassifications out of accumulated other comprehensive income. The amendments require an entity to report the effect of significant reclassifications on the respective line items in net income if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income. | |
The amendments in this update are effective prospectively for reporting periods beginning after December 15, 2012. The Company has adopted these amendments and they have not had a material impact on the Company’s Condensed Consolidated Financial Statements. | |
ASU No. 2012-02, Intangibles-Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment. | |
This ASU amends Topic 350 to allow the Company to first assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the indefinite-lived intangible asset is impaired. If, after assessing the totality of events and circumstances, an entity concludes that it is not more likely than not that the indefinite-lived intangible asset is impaired, then the entity is not required to take further action. However, if the Company concludes otherwise, then it is required to determine the fair value of the indefinite-lived intangible asset and perform a quantitative impairment test by comparing the fair value with the carrying amount in accordance with Codification Subtopic 350-30, Intangibles-Goodwill and Other, General Intangibles Other than Goodwill. | |
The Company also has the option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test. An entity will be able to resume performing the qualitative assessment in any subsequent period. | |
The amendments in this update are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted, including for annual and interim impairment tests performed as of a date before July 27, 2012. Management has determined that the adoption of ASU 2012-02 have not had a material impact on the Company’s Condensed Consolidated Financial Statements. | |
ASU 2011-05, Other Comprehensive Income (Topic 220): Presentation of Comprehensive Income. | |
This ASU amends Topic 220 to give an entity the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income (OCI) either in a single continuous statement of comprehensive income or in two separate but consecutive statements. An entity is also required to present on the face of the financial statement reclassification adjustments for items that are reclassified from OCI to net income in the statement(s) where the components of net income and the components of OCI are presented. The amendments do not change items that must be reported in OCI or when an item of OCI must be reclassified to net income, only the format for presentation. The updated guidance and requirements are effective for financial statements issued for the fiscal years, and the interim periods within those years, beginning after December 15, 2011. |
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Summary of average number of shares used in the computation of basic and diluted earnings per share | ' | ||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
(shares in thousands) | September 30, | September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Basic earnings per share | 4,867 | 4,862 | 4,865 | 4,862 | |||||||||||||
Diluted earnings per share | 4,881 | 4,862 | 4,877 | 4,862 | |||||||||||||
Securities_Tables
Securities (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Securities [Abstract] | ' | ||||||||||||||||||||||||
Summary of amortized cost and approximate fair values of securities | ' | ||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
($'s in thousands) | Amortized | Unrealized | Unrealized | Approximate | |||||||||||||||||||||
Cost | Gains | Losses | Fair Value | ||||||||||||||||||||||
Available-for-Sale Securities: | |||||||||||||||||||||||||
September 30, 2013: | |||||||||||||||||||||||||
U.S. Treasury and Government agencies | $ | 12,610 | $ | 128 | $ | (117 | ) | $ | 12,621 | ||||||||||||||||
Mortgage-backed securities | 53,026 | 573 | (327 | ) | 53,272 | ||||||||||||||||||||
State and political subdivisions | 18,966 | 660 | (299 | ) | 19,327 | ||||||||||||||||||||
Money Market Mutual Funds | 1,377 | - | - | 1,377 | |||||||||||||||||||||
Equity securities | 23 | - | - | 23 | |||||||||||||||||||||
$ | 86,002 | $ | 1,361 | $ | (743 | ) | $ | 86,620 | |||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
($'s in thousands) | Amortized | Unrealized | Unrealized | ||||||||||||||||||||||
Cost | Gains | Losses | Fair Value | ||||||||||||||||||||||
Available-for-Sale Securities: | |||||||||||||||||||||||||
December 31, 2012: | |||||||||||||||||||||||||
U.S. Treasury and Government agencies | $ | 14,301 | $ | 210 | $ | - | $ | 14,511 | |||||||||||||||||
Mortgage-backed securities | 62,661 | 1,136 | (33 | ) | 63,764 | ||||||||||||||||||||
State and political subdivisions | 16,789 | 1,462 | (2 | ) | 18,249 | ||||||||||||||||||||
Money Market Mutual Funds | 2,155 | - | - | 2,155 | |||||||||||||||||||||
Equity securities | 23 | - | - | 23 | |||||||||||||||||||||
$ | 95,929 | $ | 2,808 | $ | (35 | ) | $ | 98,702 | |||||||||||||||||
Summary of amortized cost and fair value of securities available for sale by contractual maturity | ' | ||||||||||||||||||||||||
Available for Sale | |||||||||||||||||||||||||
Amortized | Fair | ||||||||||||||||||||||||
($'s in thousands) | Cost | Value | |||||||||||||||||||||||
September 30, 2013: | |||||||||||||||||||||||||
Within one year | $ | 1,022 | $ | 1,024 | |||||||||||||||||||||
Due after one year through five years | 1,387 | 1,463 | |||||||||||||||||||||||
Due after five years through ten years | 10,950 | 11,076 | |||||||||||||||||||||||
Due after ten years | 18,217 | 18,385 | |||||||||||||||||||||||
31,576 | 31,948 | ||||||||||||||||||||||||
Mortgage-backed securities, money market mutual funds & equity securities | 54,426 | 54,672 | |||||||||||||||||||||||
Totals | $ | 86,002 | $ | 86,620 | |||||||||||||||||||||
Summary of securities with unrealized losses | ' | ||||||||||||||||||||||||
($ in thousands) | Less than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||||||
30-Sep-13 | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | |||||||||||||||||||
Available-for-Sale Securities: | |||||||||||||||||||||||||
US Treasury and Government Agencies | $ | 3,995 | $ | (117 | ) | $ | - | $ | - | $ | 3,995 | $ | (117 | ) | |||||||||||
Mortgage-backed securities | 17,027 | (327 | ) | - | - | 17,027 | (327 | ) | |||||||||||||||||
State and political subdivisions | 4,909 | (299 | ) | - | - | 4,909 | (299 | ) | |||||||||||||||||
$ | 25,931 | $ | (743 | ) | $ | - | $ | - | $ | 25,931 | $ | (743 | ) | ||||||||||||
($ in thousands) | Less than 12 Months | 12 Months or Longer | Total | ||||||||||||||||||||||
31-Dec-12 | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | |||||||||||||||||||
Available-for-Sale Securities: | |||||||||||||||||||||||||
Mortgage-backed securities | $ | 5,202 | $ | (33 | ) | $ | 342 | $ | - | $ | 5,544 | $ | (33 | ) | |||||||||||
State and political subdivisions | 229 | (1 | ) | 251 | (1 | ) | 480 | (2 | ) | ||||||||||||||||
$ | 5,431 | $ | (34 | ) | $ | 593 | $ | (1 | ) | $ | 6,024 | $ | (35 | ) | |||||||||||
Loans_and_Allowance_for_Loan_L1
Loans and Allowance for Loan Losses (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||
Loans and Allowance For Loan Losses [Abstract] | ' | ||||||||||||||||||||||||||||
Summary of categories of loans | ' | ||||||||||||||||||||||||||||
($ in thousands) | Total Loans | Non-Accrual Loans | Non-Accrual Percentage | ||||||||||||||||||||||||||
Sep. 2013 | Dec. 2012 | Sep. 2013 | Dec. 2012 | Sep. 2013 | Dec. 2012 | ||||||||||||||||||||||||
Commercial & Industrial | $ | 81,859 | $ | 81,767 | 2,738 | 1,246 | 3.34 | % | 1.52 | % | |||||||||||||||||||
Commercial RE & Construction | 209,739 | 201,392 | 642 | 782 | 0.31 | % | 0.39 | % | |||||||||||||||||||||
Agricultural & Farmland | 39,636 | 42,276 | - | - | 0 | % | 0 | % | |||||||||||||||||||||
Residential Real Estate | 96,477 | 87,859 | 1,837 | 2,631 | 1.9 | % | 2.99 | % | |||||||||||||||||||||
Home Equity & Consumer | 47,677 | 50,223 | 363 | 646 | 0.76 | % | 1.29 | % | |||||||||||||||||||||
Other | 133 | 148 | - | - | 0 | % | 0 | % | |||||||||||||||||||||
Total loans | 475,521 | 463,665 | $ | 5,580 | $ | 5,305 | 1.17 | % | 1.14 | % | |||||||||||||||||||
Less | |||||||||||||||||||||||||||||
Net deferred loan fees, premiums and discounts | (288 | ) | (276 | ) | |||||||||||||||||||||||||
Loans, net of unearned income | $ | 475,233 | $ | 463,389 | |||||||||||||||||||||||||
Allowance for loan losses | $ | (7,120 | ) | $ | (6,811 | ) | |||||||||||||||||||||||
Summary of allowance for loan losses and recorded investment in loans based on portfolio segment and impairment method | ' | ||||||||||||||||||||||||||||
Commercial | Commercial RE | Agricultural | Residential | Home Equity | |||||||||||||||||||||||||
($'s in thousands) | & Industrial | & Construction | & Farmland | Real Estate | & Consumer | Other | Total | ||||||||||||||||||||||
For the Three Months Ended | |||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,547 | $ | 3,059 | $ | 180 | $ | 1,183 | $ | 947 | $ | 97 | $ | 7,013 | |||||||||||||||
Charge Offs | - | (53 | ) | - | (69 | ) | (185 | ) | - | (307 | ) | ||||||||||||||||||
Recoveries | 2 | 1 | 1 | - | 9 | - | 13 | ||||||||||||||||||||||
Provision | 183 | 86 | (4 | ) | 22 | 114 | - | 401 | |||||||||||||||||||||
Ending Balance | $ | 1,732 | $ | 3,093 | $ | 177 | $ | 1,136 | $ | 885 | $ | 97 | $ | 7,120 | |||||||||||||||
For the Nine Months Ended | |||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,561 | $ | 3,034 | $ | 186 | $ | 1,088 | $ | 839 | $ | 103 | $ | 6,811 | |||||||||||||||
Charge Offs | (1 | ) | (58 | ) | - | (167 | ) | (421 | ) | (9 | ) | (656 | ) | ||||||||||||||||
Recoveries | 16 | 16 | 3 | 19 | 11 | - | 65 | ||||||||||||||||||||||
Provision | 156 | 101 | (12 | ) | 196 | 456 | 3 | 900 | |||||||||||||||||||||
Ending Balance | $ | 1,732 | $ | 3,093 | $ | 177 | $ | 1,136 | $ | 885 | $ | 97 | $ | 7,120 | |||||||||||||||
Loans Receivable at September 30, 2013 | |||||||||||||||||||||||||||||
Commercial | Commercial RE | Agricultural | Residential | Home Equity | |||||||||||||||||||||||||
($'s in thousands) | & Industrial | & Construction | & Farmland | Real Estate | & Consumer | Other | Total | ||||||||||||||||||||||
Allowance: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
individually | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 521 | $ | 40 | $ | - | $ | 219 | $ | 178 | $ | 958 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
collectively | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 1,211 | $ | 3,053 | $ | 177 | $ | 917 | $ | 707 | $ | 97 | $ | 6,162 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
individually | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 2,463 | $ | 829 | $ | - | $ | 2,125 | $ | 604 | $ | 6,021 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
collectively | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 79,396 | $ | 208,910 | $ | 39,636 | $ | 94,352 | $ | 47,073 | $ | 133 | $ | 469,500 | |||||||||||||||
ALLOWANCE FOR LOAN AND LEASE LOSSES | |||||||||||||||||||||||||||||
Commercial | Commercial RE | Agricultural | Residential | Home Equity | |||||||||||||||||||||||||
($'s in thousands) | & Industrial | & Construction | & Farmland | Real Estate | & Consumer | Other | Total | ||||||||||||||||||||||
For the Three Months Ended | |||||||||||||||||||||||||||||
30-Sep-12 | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,517 | $ | 3,020 | $ | 95 | $ | 1,047 | $ | 802 | $ | 137 | $ | 6,618 | |||||||||||||||
Charge Offs | (79 | ) | (180 | ) | (10 | ) | - | (25 | ) | (7 | ) | (301 | ) | ||||||||||||||||
Recoveries | 11 | 5 | 2 | (2 | ) | 61 | 2 | 79 | |||||||||||||||||||||
Provision | 152 | 57 | 107 | (18 | ) | 12 | (10 | ) | 300 | ||||||||||||||||||||
Ending Balance | $ | 1,601 | $ | 2,902 | $ | 194 | $ | 1,027 | $ | 850 | $ | 122 | $ | 6,696 | |||||||||||||||
For the Nine Months Ended | |||||||||||||||||||||||||||||
30-Sep-12 | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,914 | $ | 2,880 | $ | 51 | $ | 956 | $ | 599 | $ | 129 | $ | 6,529 | |||||||||||||||
Charge Offs | (284 | ) | (279 | ) | (10 | ) | (65 | ) | (366 | ) | (24 | ) | (1,028 | ) | |||||||||||||||
Recoveries | 39 | 47 | 4 | 80 | 69 | 6 | 245 | ||||||||||||||||||||||
Provision | (68 | ) | 254 | 149 | 56 | 548 | 11 | 950 | |||||||||||||||||||||
Ending Balance | $ | 1,601 | $ | 2,902 | $ | 194 | $ | 1,027 | $ | 850 | $ | 122 | $ | 6,696 | |||||||||||||||
Loans Receivable at December 31, 2012 | |||||||||||||||||||||||||||||
Commercial | Commercial RE | Agricultural | Residential | Home Equity | |||||||||||||||||||||||||
($'s in thousands) | & Industrial | & Construction | & Farmland | Real Estate | & Consumer | Other | Total | ||||||||||||||||||||||
Allowance: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
individually | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 485 | $ | 55 | $ | - | $ | 386 | $ | 195 | $ | 1,121 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
collectively | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 1,076 | $ | 2,979 | $ | 186 | $ | 702 | $ | 644 | $ | 102 | $ | 5,690 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
individually | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 1,232 | $ | 725 | $ | - | $ | 2,683 | $ | 682 | $ | 5,322 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
collectively | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 80,535 | $ | 200,667 | $ | 42,276 | $ | 85,176 | $ | 49,541 | $ | 148 | $ | 458,343 | |||||||||||||||
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ||||||||||||||||||||||||||||
30-Sep-13 | Commercial | Commercial RE | Agricultural | Residential | Home Equity | ||||||||||||||||||||||||
Loan Grade | & Industrial | & Construction | & Farmland | Real Estate | & Consumer | Other | Total | ||||||||||||||||||||||
($ in thousands) | |||||||||||||||||||||||||||||
1-2 | $ | 1,919 | $ | 86 | $ | 101 | $ | - | $ | 1 | $ | - | $ | 2,107 | |||||||||||||||
3 | 21,317 | 44,955 | 6,651 | 87,069 | 43,506 | 17 | 203,515 | ||||||||||||||||||||||
4 | 51,427 | 149,168 | 32,884 | 5,892 | 3,641 | 116 | 243,128 | ||||||||||||||||||||||
Total Pass | 74,663 | 194,209 | 39,636 | 92,961 | 47,148 | 133 | 448,750 | ||||||||||||||||||||||
Special Mention | 3,551 | 13,007 | - | 1,435 | 80 | - | 18,073 | ||||||||||||||||||||||
Substandard | 1,081 | 1,883 | - | 292 | 114 | - | 3,370 | ||||||||||||||||||||||
Doubtful | 2,564 | 640 | - | 1,789 | 335 | - | 5,328 | ||||||||||||||||||||||
Loss | - | - | - | - | - | - | - | ||||||||||||||||||||||
Total Loans | $ | 81,859 | $ | 209,739 | $ | 39,636 | $ | 96,477 | $ | 47,677 | $ | 133 | $ | 475,521 | |||||||||||||||
31-Dec-12 | Commercial | Commercial RE | Agricultural | Residential | Home Equity | ||||||||||||||||||||||||
Loan Grade | & Industrial | & Construction | & Farmland | Real Estate | & Consumer | Other | Total | ||||||||||||||||||||||
($ in thousands) | |||||||||||||||||||||||||||||
1-2 | $ | 1,108 | $ | 101 | $ | 109 | $ | - | $ | - | $ | - | $ | 1,318 | |||||||||||||||
3 | 23,028 | 55,175 | 7,938 | 77,221 | 45,063 | 17 | 208,442 | ||||||||||||||||||||||
4 | 54,871 | 129,846 | 34,195 | 6,285 | 4,223 | 131 | 229,551 | ||||||||||||||||||||||
Total Pass | 79,007 | 185,122 | 42,242 | 83,506 | 49,286 | 148 | 439,311 | ||||||||||||||||||||||
Special Mention | 88 | 12,370 | - | 1,186 | 190 | - | 13,834 | ||||||||||||||||||||||
Substandard | 1,429 | 3,024 | 34 | 699 | 144 | - | 5,330 | ||||||||||||||||||||||
Doubtful | 1,243 | 876 | - | 2,468 | 603 | - | 5,190 | ||||||||||||||||||||||
Loss | - | - | - | - | - | - | - | ||||||||||||||||||||||
Total Loans | $ | 81,767 | $ | 201,392 | $ | 42,276 | $ | 87,859 | $ | 50,223 | $ | 148 | $ | 463,665 | |||||||||||||||
Summary of loan portfolio aging analysis | ' | ||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater Than | Total Past | Total Loans | |||||||||||||||||||||||||
30-Sep-13 | Past Due | Past Due | 90 Days | Due | Current | Receivable | |||||||||||||||||||||||
($ in thousands) | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 26 | $ | - | $ | 622 | $ | 648 | $ | 81,211 | $ | 81,859 | |||||||||||||||||
Commercial RE & Construction | 193 | - | 278 | 471 | 209,268 | 209,739 | |||||||||||||||||||||||
Agricultural & Farmland | - | - | - | - | 39,636 | 39,636 | |||||||||||||||||||||||
Residential Real Estate | 106 | 63 | 795 | 964 | 95,513 | 96,477 | |||||||||||||||||||||||
Home Equity & Consumer | 29 | 22 | 119 | 170 | 47,507 | 47,677 | |||||||||||||||||||||||
Other | - | - | - | - | 133 | 133 | |||||||||||||||||||||||
Total Loans | $ | 354 | $ | 85 | $ | 1,814 | $ | 2,253 | $ | 473,268 | $ | 475,521 | |||||||||||||||||
30-59 Days | 60-89 Days | Greater Than | Total Past | Total Loans | |||||||||||||||||||||||||
31-Dec-12 | Past Due | Past Due | 90 Days | Due | Current | Receivable | |||||||||||||||||||||||
($ in thousands) | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 26 | $ | 2 | $ | 497 | $ | 525 | $ | 81,242 | $ | 81,767 | |||||||||||||||||
Commercial RE & Construction | 1,623 | 320 | 264 | 2,207 | 199,185 | 201,392 | |||||||||||||||||||||||
Agricultural & Farmland | - | - | - | - | 42,276 | 42,276 | |||||||||||||||||||||||
Residential Real Estate | 90 | 139 | 1,467 | 1,696 | 86,163 | 87,859 | |||||||||||||||||||||||
Home Equity & Consumer | 319 | 76 | 280 | 675 | 49,548 | 50,223 | |||||||||||||||||||||||
Other | - | - | - | - | 148 | 148 | |||||||||||||||||||||||
Total Loans | $ | 2,058 | $ | 537 | $ | 2,508 | $ | 5,103 | $ | 458,562 | $ | 463,665 | |||||||||||||||||
Summary of Impaired loan activity | ' | ||||||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||
($'s in thousands) | Recorded | Unpaid Principal | Related | Average Recorded | Interest Income | ||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Recognized | |||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 663 | $ | 2,549 | $ | - | $ | 870 | $ | 4 | |||||||||||||||||||
Commercial RE & Construction | 624 | 624 | - | 805 | 5 | ||||||||||||||||||||||||
Agricultural & Farmland | - | - | - | - | - | ||||||||||||||||||||||||
Residential Real Estate | 1,020 | 1,074 | - | 1,156 | 12 | ||||||||||||||||||||||||
Home Equity & Consumer | 189 | 189 | - | 199 | 3 | ||||||||||||||||||||||||
All Impaired Loans < $100,000 | 1,065 | 1,065 | - | 1,065 | - | ||||||||||||||||||||||||
With a specific allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | 1,800 | 1,800 | 521 | 1,800 | 12 | ||||||||||||||||||||||||
Commercial RE & Construction | 205 | 258 | 40 | 259 | 3 | ||||||||||||||||||||||||
Agricultural & Farmland | - | - | - | - | - | ||||||||||||||||||||||||
Residential Real Estate | 1,105 | 1,105 | 219 | 978 | 12 | ||||||||||||||||||||||||
Home Equity & Consumer | 415 | 415 | 178 | 438 | 7 | ||||||||||||||||||||||||
All Impaired Loans < $100,000 | - | - | - | - | - | ||||||||||||||||||||||||
Totals: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 2,463 | $ | 4,349 | $ | 521 | $ | 2,670 | $ | 16 | |||||||||||||||||||
Commercial RE & Construction | $ | 829 | $ | 882 | $ | 40 | $ | 1,064 | $ | 8 | |||||||||||||||||||
Agricultural & Farmland | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Residential Real Estate | $ | 2,125 | $ | 2,179 | $ | 219 | $ | 2,134 | $ | 24 | |||||||||||||||||||
Home Equity & Consumer | $ | 604 | $ | 604 | $ | 178 | $ | 637 | $ | 10 | |||||||||||||||||||
All Impaired Loans < $100,000 | $ | 1,065 | $ | 1,065 | $ | - | $ | 1,065 | $ | - | |||||||||||||||||||
Nine Months Ended | |||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||
($'s in thousands) | Average Recorded | Interest Income | |||||||||||||||||||||||||||
Investment | Recognized | ||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 2,341 | $ | 13 | |||||||||||||||||||||||||
Commercial RE & Construction | 820 | 19 | |||||||||||||||||||||||||||
Agricultural & Farmland | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 1,160 | 35 | |||||||||||||||||||||||||||
Home Equity & Consumer | 203 | 8 | |||||||||||||||||||||||||||
All Impaired Loans < $100,000 | 1,065 | - | |||||||||||||||||||||||||||
With a specific allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | 1,773 | 44 | |||||||||||||||||||||||||||
Commercial RE & Construction | 261 | 8 | |||||||||||||||||||||||||||
Agricultural & Farmland | - | - | |||||||||||||||||||||||||||
Residential Real Estate | 983 | 36 | |||||||||||||||||||||||||||
Home Equity & Consumer | 445 | 22 | |||||||||||||||||||||||||||
All Impaired Loans < $100,000 | - | - | |||||||||||||||||||||||||||
Totals: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 4,114 | $ | 57 | |||||||||||||||||||||||||
Commercial RE & Construction | $ | 1,081 | $ | 27 | |||||||||||||||||||||||||
Agricultural & Farmland | $ | - | $ | - | |||||||||||||||||||||||||
Residential Real Estate | $ | 2,143 | $ | 71 | |||||||||||||||||||||||||
Home Equity & Consumer | $ | 648 | $ | 30 | |||||||||||||||||||||||||
All Impaired Loans < $100,000 | $ | 1,065 | $ | - | |||||||||||||||||||||||||
Twelve Months Ended | |||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||
($'s in thousands) | Recorded | Unpaid Principal | Related | ||||||||||||||||||||||||||
Investment | Balance | Allowance | |||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 394 | $ | 2,280 | $ | - | |||||||||||||||||||||||
Commercial RE & Construction | 527 | 1,529 | - | ||||||||||||||||||||||||||
Agricultural & Farmland | - | - | - | ||||||||||||||||||||||||||
Residential Real Estate | 1,122 | 1,204 | - | ||||||||||||||||||||||||||
Home Equity & Consumer | 228 | 260 | - | ||||||||||||||||||||||||||
All Impaired Loans < $100,000 | 1,336 | 1,336 | - | ||||||||||||||||||||||||||
With a specific allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | 838 | 944 | 485 | ||||||||||||||||||||||||||
Commercial RE & Construction | 198 | 198 | 55 | ||||||||||||||||||||||||||
Agricultural & Farmland | - | - | - | ||||||||||||||||||||||||||
Residential Real Estate | 1,561 | 1,561 | 386 | ||||||||||||||||||||||||||
Home Equity & Consumer | 454 | 454 | 195 | ||||||||||||||||||||||||||
All Impaired Loans < $100,000 | - | - | - | ||||||||||||||||||||||||||
Totals: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 1,232 | $ | 3,224 | $ | 485 | |||||||||||||||||||||||
Commercial RE & Construction | $ | 725 | $ | 1,727 | $ | 55 | |||||||||||||||||||||||
Agricultural & Farmland | $ | - | $ | - | $ | - | |||||||||||||||||||||||
Residential Real Estate | $ | 2,683 | $ | 2,765 | $ | 386 | |||||||||||||||||||||||
Home Equity & Consumer | $ | 682 | $ | 714 | $ | 195 | |||||||||||||||||||||||
All Impaired Loans < $100,000 | $ | 1,336 | $ | 1,336 | $ | - | |||||||||||||||||||||||
Nine Months Ended | Three Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2012 | Sep. 30, 2012 | ||||||||||||||||||||||||||||
($'s in thousands) | Average Recorded | Interest Income | Average Recorded | Interest Income | |||||||||||||||||||||||||
Investment | Recognized | Investment | Recognized | ||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 2,568 | $ | - | $ | 2,071 | $ | - | |||||||||||||||||||||
Commercial RE & Construction | 2,078 | 18 | 2,013 | 6 | |||||||||||||||||||||||||
Agricultural & Farmland | - | - | - | - | |||||||||||||||||||||||||
Residential Real Estate | 1,359 | 57 | 1,351 | 16 | |||||||||||||||||||||||||
Home Equity & Consumer | 393 | 11 | 388 | 4 | |||||||||||||||||||||||||
All Impaired Loans < $100,000 | 1,441 | - | 1,441 | - | |||||||||||||||||||||||||
With a specific allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | 949 | 6 | 947 | 3 | |||||||||||||||||||||||||
Commercial RE & Construction | - | - | - | - | |||||||||||||||||||||||||
Agricultural & Farmland | 3 | - | 3 | - | |||||||||||||||||||||||||
Residential Real Estate | 1,480 | 38 | 1,475 | 12 | |||||||||||||||||||||||||
Home Equity & Consumer | 365 | 13 | 362 | 5 | |||||||||||||||||||||||||
Totals: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 3,517 | $ | 6 | $ | 3,018 | $ | 3 | |||||||||||||||||||||
Commercial RE & Construction | $ | 2,078 | $ | 18 | $ | 2,013 | $ | 6 | |||||||||||||||||||||
Agricultural & Farmland | $ | 3 | $ | - | $ | 3 | $ | - | |||||||||||||||||||||
Residential Real Estate | $ | 2,839 | $ | 95 | $ | 2,826 | $ | 28 | |||||||||||||||||||||
Home Equity & Consumer | $ | 758 | $ | 24 | $ | 750 | $ | 9 | |||||||||||||||||||||
All Impaired Loans < $100,000 | $ | 1,441 | $ | - | $ | 1,441 | $ | - | |||||||||||||||||||||
Summary of newly restructured loans by type of modification | ' | ||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||
Interest | Total | ||||||||||||||||||||||||||||
($ in thousands) | Only | Term | Combination | Modification | |||||||||||||||||||||||||
Residential Real Estate | $ | - | $ | 13 | $ | - | $ | 13 | |||||||||||||||||||||
Consumer | - | 11 | - | 11 | |||||||||||||||||||||||||
Total Modifications | $ | - | $ | 24 | $ | - | $ | 24 | |||||||||||||||||||||
30-Sep-12 | |||||||||||||||||||||||||||||
Interest | Total | ||||||||||||||||||||||||||||
($ in thousands) | Only | Term | Combination | Modification | |||||||||||||||||||||||||
Residential Real Estate | $ | - | $ | 142 | $ | 192 | $ | 334 | |||||||||||||||||||||
Consumer | - | - | - | - | |||||||||||||||||||||||||
Total Modifications | $ | - | $ | 142 | $ | 192 | $ | 334 | |||||||||||||||||||||
Summary of troubled debt restructurings modified in the past 12 months that subsequently defaulted | ' | ||||||||||||||||||||||||||||
Number of | Recorded | ||||||||||||||||||||||||||||
($ in thousands) | Contracts | Balance | |||||||||||||||||||||||||||
Residential Real Estate | 4 | $ | 194 | ||||||||||||||||||||||||||
Consumer | - | - | |||||||||||||||||||||||||||
4 | $ | 194 | |||||||||||||||||||||||||||
Segment_Information_Tables
Segment Information (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Segment Information [Abstract] | ' | ||||||||||||||||||||||||
Segment reporting information | ' | ||||||||||||||||||||||||
As of and for the three months ended September 30, 2013 | |||||||||||||||||||||||||
Data | Total | Intersegment | Consolidated | ||||||||||||||||||||||
Income statement information ($'s in thousands) | Banking | Processing | Other | Segments | Elimination | Totals | |||||||||||||||||||
Net interest income (expense) | $ | 5,521 | $ | (11 | ) | $ | (335 | ) | $ | 5,175 | $ | - | $ | 5,175 | |||||||||||
Other revenue - external customers | 3,413 | 333 | - | 3,746 | - | 3,746 | |||||||||||||||||||
Other revenue - other segments | 62 | 174 | - | 236 | (272 | ) | (36 | ) | |||||||||||||||||
Total revenue | 8,996 | 496 | (335 | ) | 9,157 | (272 | ) | 8,885 | |||||||||||||||||
Non-interest expense | 5,957 | 632 | 210 | 6,799 | (237 | ) | 6,562 | ||||||||||||||||||
Significant non-cash items: | |||||||||||||||||||||||||
Depreciation and amortization | 286 | 26 | - | 312 | - | 312 | |||||||||||||||||||
. | |||||||||||||||||||||||||
Provision for loan losses | 404 | - | (3 | ) | 401 | - | 401 | ||||||||||||||||||
Income tax expense (benefit) | 809 | (46 | ) | (185 | ) | 578 | - | 578 | |||||||||||||||||
Segment profit (loss) | $ | 1,826 | $ | (90 | ) | $ | (357 | ) | $ | 1,379 | $ | (35 | ) | $ | 1,344 | ||||||||||
Balance sheet information | |||||||||||||||||||||||||
Total assets | $ | 629,632 | $ | 1,847 | $ | 1,452 | $ | 632,931 | $ | 481 | $ | 633,412 | |||||||||||||
Goodwill and intangibles | $ | 17,137 | $ | - | $ | - | $ | 17,137 | $ | - | $ | 17,137 | |||||||||||||
Premises and equipment expenditures | $ | 329 | $ | 8 | $ | 28 | $ | 365 | $ | - | $ | 365 | |||||||||||||
As of and for the three months ended September 30, 2012 | |||||||||||||||||||||||||
Data | Total | Intersegment | Consolidated | ||||||||||||||||||||||
Income statement information ($'s in thousands) | Banking | Processing | Other | Segments | Elimination | Totals | |||||||||||||||||||
Net interest income (expense) | $ | 5,869 | $ | (17 | ) | $ | (418 | ) | $ | 5,434 | $ | - | $ | 5,434 | |||||||||||
Other revenue - external customers | 2,951 | 484 | 15 | 3,450 | 3,450 | ||||||||||||||||||||
Other revenue - other segments | 67 | 233 | 68 | 368 | (410 | ) | (42 | ) | |||||||||||||||||
Total revenue | 8,887 | 700 | (335 | ) | 9,252 | (410 | ) | 8,842 | |||||||||||||||||
Non-interest expense | 6,068 | 735 | 290 | 7,093 | (368 | ) | 6,725 | ||||||||||||||||||
Significant non-cash items: | |||||||||||||||||||||||||
Depreciation and amortization | 239 | 59 | 1 | 299 | - | 299 | |||||||||||||||||||
Provision for loan losses | 300 | - | - | 300 | - | 300 | |||||||||||||||||||
Income tax expense (benefit) | 743 | (11 | ) | (218 | ) | 514 | - | 513 | |||||||||||||||||
Segment profit (loss) | $ | 1,776 | $ | (24 | ) | $ | (407 | ) | $ | 1,345 | $ | (41 | ) | $ | 1,304 | ||||||||||
Balance sheet information | |||||||||||||||||||||||||
Total assets | $ | 624,840 | $ | 2,518 | $ | 4,920 | $ | 632,278 | $ | (2,073 | ) | $ | 630,205 | ||||||||||||
Goodwill and intangibles | $ | 17,729 | $ | - | $ | - | $ | 17,729 | $ | - | $ | 17,729 | |||||||||||||
Premises and equipment expenditures | $ | (12 | ) | $ | - | $ | - | $ | (12 | ) | $ | - | $ | (12 | ) | ||||||||||
As of and for the nine months ended September 30, 2013 | |||||||||||||||||||||||||
Data | Total | Intersegment | Consolidated | ||||||||||||||||||||||
Income statement information ($'s in thousands) | Banking | Processing | Other | Segments | Elimination | Totals | |||||||||||||||||||
Net interest income (expense) | $ | 16,930 | $ | (37 | ) | $ | (1,076 | ) | $ | 15,817 | $ | - | $ | 15,817 | |||||||||||
Non-interest income - external customers | 9,973 | 1,205 | - | 11,178 | 11,178 | ||||||||||||||||||||
Non-interest income - other segments | 230 | 756 | 20 | 1,006 | (1,087 | ) | (81 | ) | |||||||||||||||||
Total revenue | 27,133 | 1,924 | (1,056 | ) | 28,001 | (1,087 | ) | 26,914 | |||||||||||||||||
Non-interest expense | 18,534 | 2,038 | 726 | 21,298 | (986 | ) | 20,312 | ||||||||||||||||||
Significant non-cash items: | |||||||||||||||||||||||||
Depreciation and amortization | 720 | 90 | 3 | 813 | - | 813 | |||||||||||||||||||
Provision for loan losses | 903 | - | (3 | ) | 900 | - | 900 | ||||||||||||||||||
Income tax expense (benefit) | 2,365 | (39 | ) | (605 | ) | 1,721 | - | 1,721 | |||||||||||||||||
Segment profit (loss) | $ | 5,331 | $ | (75 | ) | $ | (1,174 | ) | $ | 4,082 | $ | (101 | ) | $ | 3,981 | ||||||||||
Balance sheet information | |||||||||||||||||||||||||
Total assets | $ | 629,632 | $ | 1,847 | $ | 1,452 | $ | 632,931 | $ | 481 | $ | 633,412 | |||||||||||||
Goodwill and intangibles | $ | 17,137 | $ | - | $ | - | $ | 17,137 | $ | - | $ | 17,137 | |||||||||||||
Premises and equipment expenditures | $ | 882 | $ | 8 | $ | 28 | $ | 918 | $ | - | $ | 918 | |||||||||||||
As of and for the nine months ended September 30, 2012 | |||||||||||||||||||||||||
Data | Total | Intersegment | Consolidated | ||||||||||||||||||||||
Income statement information ($'s in thousands) | Banking | Processing | Other | Segments | Elimination | Totals | |||||||||||||||||||
Net interest income (expense) | $ | 17,160 | $ | (99 | ) | $ | (1,450 | ) | $ | 15,611 | $ | (34 | ) | $ | 15,577 | ||||||||||
Non-interest income - external customers | 8,576 | 1,682 | 41 | 10,299 | 10,299 | ||||||||||||||||||||
Non-interest income - other segments | 227 | 1,298 | 182 | 1,707 | (1,809 | ) | (102 | ) | |||||||||||||||||
Total revenue | 25,963 | 2,881 | (1,227 | ) | 27,617 | (1,843 | ) | 25,774 | |||||||||||||||||
Non-interest expense | 18,598 | 2,461 | 954 | 22,012 | (1,740 | ) | 20,272 | ||||||||||||||||||
Significant non-cash items: | |||||||||||||||||||||||||
Depreciation and amortization | 701 | 233 | 7 | 941 | - | 941 | |||||||||||||||||||
Provision for loan losses | 950 | - | - | 950 | - | 950 | |||||||||||||||||||
Income tax expense (benefit) | 1,875 | 143 | (756 | ) | 1,262 | - | 1,262 | ||||||||||||||||||
Segment profit (loss) | $ | 4,540 | $ | 277 | $ | (1,425 | ) | $ | 3,393 | $ | (102 | ) | $ | 3,290 | |||||||||||
Balance sheet information | |||||||||||||||||||||||||
Total assets | $ | 624,840 | $ | 2,518 | $ | 4,920 | $ | 632,278 | $ | (2,073 | ) | $ | 630,205 | ||||||||||||
Goodwill and intangibles | $ | 17,729 | $ | - | $ | - | $ | 17,729 | $ | - | $ | 17,729 | |||||||||||||
Premises and equipment expenditures | $ | 940 | $ | 2 | $ | - | $ | 942 | $ | - | $ | 942 |
Derivative_Financial_Instrumen1
Derivative Financial Instruments (Tables) | 9 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Derivative Financial Instruments [Abstract] | ' | ||||||||||
Fair value of the Company's derivative financial instruments, as well as their classification on the balance sheet | ' | ||||||||||
($ in thousands) | Asset Derivatives | Liability Derivatives | |||||||||
30-Sep-13 | 30-Sep-13 | ||||||||||
Derivatives not designated | Balance Sheet | Fair | Balance Sheet | Fair | |||||||
as hedging instruments: | Location | Value | Location | Value | |||||||
Interest rate contracts | Other Assets | $ | 279 | Other Liabilities | $ | 279 | |||||
Asset Derivatives | Liability Derivatives | ||||||||||
31-Dec-12 | 31-Dec-12 | ||||||||||
Derivatives not designated | Balance Sheet | Fair | Balance Sheet | Fair | |||||||
as hedging instruments: | Location | Value | Location | Value | |||||||
Interest rate contracts | Other Assets | $ | 254 | Other Liabilities | $ | 254 | |||||
Fair_Value_of_Assets_and_Liabi1
Fair Value of Assets and Liabilities (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Fair Value Of Assets and Liabilities [Abstract] | ' | ||||||||||||||||
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ||||||||||||||||
($'s in thousands) | Fair Values at | Fair Value Measurements Using: | |||||||||||||||
Description | 9/30/13 | Level 1 | Level 2 | Level 3 | |||||||||||||
Available-for-Sale Securities: | |||||||||||||||||
U.S. Treasury and Government Agencies | $ | 12,621 | $ | - | $ | 12,621 | $ | - | |||||||||
Mortgage-backed securities | 53,272 | - | 53,272 | - | |||||||||||||
State and political subdivisions | 19,327 | - | 19,327 | - | |||||||||||||
Money Market Mutual Funds | 1,377 | 1,377 | - | - | |||||||||||||
Equity securities | 23 | - | 23 | - | |||||||||||||
Interest rate contracts | 279 | - | 279 | - | |||||||||||||
($'s in thousands) | Fair Values at | Fair Value Measurements Using: | |||||||||||||||
Description | 12/31/12 | Level 1 | Level 2 | Level 3 | |||||||||||||
Available-for-Sale Securities: | |||||||||||||||||
U.S. Treasury and Government Agencies | $ | 14,511 | $ | - | $ | 14,511 | $ | - | |||||||||
Mortgage-backed securities | 63,764 | - | 63,764 | - | |||||||||||||
State and political subdivisions | 18,249 | - | 18,249 | - | |||||||||||||
Money Market Mutual Funds | 2,155 | 2,155 | - | - | |||||||||||||
Equity securities | 23 | - | 23 | - | |||||||||||||
Interest rate contracts | 254 | - | 254 | - | |||||||||||||
Summary of fair value measurements of assets measured at fair value on a non-recurring basis | ' | ||||||||||||||||
($'s in thousands) | Fair Values at | Fair Value Measurements Using: | |||||||||||||||
Description | 9/30/13 | Level 1 | Level 2 | Level 3 | |||||||||||||
Impaired loans | $ | 1,632 | $ | - | $ | - | $ | 1,632 | |||||||||
Mortgage servicing rights | 2,112 | - | - | 2,112 | |||||||||||||
Foreclosed assets | 84 | - | - | 84 | |||||||||||||
($'s in thousands) | Fair Values at | Fair Value Measurements Using: | |||||||||||||||
Description | 12/31/12 | Level 1 | Level 2 | Level 3 | |||||||||||||
Impaired loans | $ | 2,227 | $ | - | $ | - | $ | 2,227 | |||||||||
Mortgage servicing rights | 2,667 | - | - | 2,667 | |||||||||||||
Foreclosed assets | 950 | - | - | 950 | |||||||||||||
Summary of quantitative information about unobservable inputs used in recurring and nonrecurring | ' | ||||||||||||||||
Fair Value at | Valuation | Range (Weighted | |||||||||||||||
($'s in thousands) | 9/30/13 | Technique | Unobservable Inputs | Average) | |||||||||||||
Collateral-dependent impaired loans | $ | 1,632 | Market comparable properties | Comparability adjustments (%) | Not available | ||||||||||||
Mortgage servicing rights | 2,112 | Discounted cash flow | Discount Rate | 9.75 | % | ||||||||||||
Constant prepayment rate | 8.5 | % | |||||||||||||||
P&I earnings credit | 0.18 | % | |||||||||||||||
T&I earnings credit | 1.67 | % | |||||||||||||||
Inflation for cost of servicing | 1.5 | % | |||||||||||||||
Foreclosed assets | 84 | Market comparable properties | Marketability discount | 10 | % | ||||||||||||
Fair Value at | Valuation | Range (Weighted | |||||||||||||||
($'s in thousands) | 12/31/12 | Technique | Unobservable Inputs | Average) | |||||||||||||
Collateral-dependent impaired loans | $ | 2,227 | Market comparable properties | Comparability adjustments (%) | Not available | ||||||||||||
Mortgage servicing rights | 2,667 | Discounted cash flow | Discount Rate | 8.5 | % | ||||||||||||
Constant prepayment rate | 15.6 | % | |||||||||||||||
P&I earnings credit | 0.21 | % | |||||||||||||||
T&I earnings credit | 0.81 | % | |||||||||||||||
Inflation for cost of servicing | 1.5 | % | |||||||||||||||
Foreclosed assets | 950 | Market comparable properties | Marketability discount | 10 | % | ||||||||||||
Summary of estimated fair values of company's financial instruments | ' | ||||||||||||||||
30-Sep-13 | Carrying | Fair Value Measurements Using | |||||||||||||||
($'s in thousands) | Amount | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
Financial assets | |||||||||||||||||
Cash and cash equivalents | $ | 19,016 | $ | 19,016 | $ | - | $ | - | |||||||||
Loans held for sale | 2,407 | - | 2,471 | - | |||||||||||||
Loans, net of allowance for loan losses | 468,113 | - | - | 470,329 | |||||||||||||
Federal Reserve and FHLB Bank stock | 3,748 | - | 3,748 | - | |||||||||||||
Mortgage Servicing Rights | 5,076 | - | - | 6,215 | |||||||||||||
Accrued interest receivable | 1,694 | - | 1,694 | - | |||||||||||||
Financial liabilities | |||||||||||||||||
Deposits | $ | 521,543 | $ | - | $ | 524,226 | $ | - | |||||||||
Notes payable | 680 | - | 695 | - | |||||||||||||
FHLB advances | 16,000 | - | 15,991 | - | |||||||||||||
Short-term borrowings | 14,836 | - | 14,836 | - | |||||||||||||
Trust preferred securities | 20,620 | - | 13,737 | - | |||||||||||||
Accrued interest payable | 448 | - | 448 | - | |||||||||||||
31-Dec-12 | Carrying | Fair Value Measurements Using | |||||||||||||||
($'s in thousands) | Amount | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
Financial assets | |||||||||||||||||
Cash and cash equivalents | $ | 19,144 | $ | 19,144 | $ | - | $ | - | |||||||||
Loans held for sale | 6,147 | - | 6,350 | - | |||||||||||||
Loans, net of allowance for loan losses | 456,578 | - | - | 462,773 | |||||||||||||
Federal Reserve and FHLB Bank stock | 3,748 | - | 3,748 | - | |||||||||||||
Mortgage Servicing Rights | 3,775 | - | - | 4,329 | |||||||||||||
Accrued interest receivable | 1,235 | - | 1,235 | - | |||||||||||||
Financial liabilities | |||||||||||||||||
Deposits | $ | 527,001 | $ | - | $ | 530,097 | $ | - | |||||||||
Notes payable | 1,702 | - | 1,731 | - | |||||||||||||
FHLB advances | 21,000 | - | 21,274 | - | |||||||||||||
Short-term borrowings | 10,333 | - | 10,333 | - | |||||||||||||
Trust preferred securities | 20,620 | - | 7,353 | - | |||||||||||||
Accrued interest payable | 138 | - | 138 | - |
Earnings_Per_Share_Details
Earnings Per Share (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Summary of average number of shares used in the computation of basic and diluted earnings per share | ' | ' | ' | ' |
Basic earnings per share | 4,867 | 4,862 | 4,865 | 4,862 |
Diluted earnings per share | 4,881 | 4,862 | 4,877 | 4,862 |
Earnings_Per_Share_Details_Tex
Earnings Per Share (Details Textual) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Earnings Per Share (Textual) | ' | ' |
Common shares excluded from computation of diluted EPS | 95,070 | 302,474 |
Securities_Details
Securities (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Summary of amortized cost and approximate fair values of securities | ' | ' |
Amortized Cost | $86,002 | $95,929 |
Gross Unrealized Gains | 1,361 | 2,808 |
Gross Unrealized Losses | -743 | -35 |
Securities available for sale, at fair value | 86,620 | 98,702 |
U.S. Treasury and Government Agencies [Member] | ' | ' |
Summary of amortized cost and approximate fair values of securities | ' | ' |
Amortized Cost | 12,610 | 14,301 |
Gross Unrealized Gains | 128 | 210 |
Gross Unrealized Losses | -117 | ' |
Securities available for sale, at fair value | 12,621 | 14,511 |
Mortgage-backed securities [Member] | ' | ' |
Summary of amortized cost and approximate fair values of securities | ' | ' |
Amortized Cost | 53,026 | 62,661 |
Gross Unrealized Gains | 573 | 1,136 |
Gross Unrealized Losses | -327 | -33 |
Securities available for sale, at fair value | 53,272 | 63,764 |
State and political subdivisions [Member] | ' | ' |
Summary of amortized cost and approximate fair values of securities | ' | ' |
Amortized Cost | 18,966 | 16,789 |
Gross Unrealized Gains | 660 | 1,462 |
Gross Unrealized Losses | -299 | -2 |
Securities available for sale, at fair value | 19,327 | 18,249 |
Money Market Mutual Funds [Member] | ' | ' |
Summary of amortized cost and approximate fair values of securities | ' | ' |
Amortized Cost | 1,377 | 2,155 |
Gross Unrealized Gains | ' | ' |
Gross Unrealized Losses | ' | ' |
Securities available for sale, at fair value | 1,377 | 2,155 |
Equity securities [Member] | ' | ' |
Summary of amortized cost and approximate fair values of securities | ' | ' |
Amortized Cost | 23 | 23 |
Gross Unrealized Gains | ' | ' |
Gross Unrealized Losses | ' | ' |
Securities available for sale, at fair value | $23 | $23 |
Securities_Details_1
Securities (Details 1) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Summary of amortized cost and fair value of securities available for sale by contractual maturity | ' | ' |
Available for Sale Amortized Cost, Within one year | $1,022 | ' |
Available for Sale Amortized Cost, Due after one year through five years | 1,387 | ' |
Available for Sale Amortized Cost, Due after five years through ten years | 10,950 | ' |
Available for Sale Amortized Cost, Due after ten years | 18,217 | ' |
Available for Sale Amortized Cost | 31,576 | ' |
Amortized Cost Mortgage-backed securities, money market mutual fund and equity securities | 54,426 | ' |
Available for Sale, Amortized Cost, Total | 86,002 | 95,929 |
Available for Sale Fair Value, Within one year | 1,024 | ' |
Available for Sale Fair Value, Due after one year through five years | 1,463 | ' |
Available for Sale Fair value, Due after five years through ten years | 11,076 | ' |
Available for Sale Fair Value, Due after ten years | 18,385 | ' |
Available for Sale Fair Value | 31,948 | ' |
Fair Value Mortgage-backed securities, money market mutual fund and equity securities | 54,672 | ' |
Total Fair Value | $86,620 | $98,702 |
Securities_Details_2
Securities (Details 2) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Schedule of securities with unrealized losses | ' | ' |
Less than 12 Months, Fair Value | $25,931 | $5,431 |
Less than 12 Months, Unrealized Losses | -743 | -34 |
12 Months or Longer, Fair Value | ' | 593 |
12 Months or Longer, Unrealized Losses | ' | -1 |
Total fair value | 25,931 | 6,024 |
Total Unrealized Losses | -743 | -35 |
U.S. Treasury and Government Agencies [Member] | ' | ' |
Schedule of securities with unrealized losses | ' | ' |
Less than 12 Months, Fair Value | 3,995 | ' |
Less than 12 Months, Unrealized Losses | -117 | ' |
12 Months or Longer, Fair Value | ' | ' |
12 Months or Longer, Unrealized Losses | ' | ' |
Total fair value | 3,995 | ' |
Total Unrealized Losses | -117 | ' |
Mortgage-backed securities [Member] | ' | ' |
Schedule of securities with unrealized losses | ' | ' |
Less than 12 Months, Fair Value | 17,027 | 5,202 |
Less than 12 Months, Unrealized Losses | -327 | -33 |
12 Months or Longer, Fair Value | ' | 342 |
12 Months or Longer, Unrealized Losses | ' | ' |
Total fair value | 17,027 | 5,544 |
Total Unrealized Losses | -327 | -33 |
State and political subdivisions [Member] | ' | ' |
Schedule of securities with unrealized losses | ' | ' |
Less than 12 Months, Fair Value | 4,909 | 229 |
Less than 12 Months, Unrealized Losses | -299 | -1 |
12 Months or Longer, Fair Value | ' | 251 |
12 Months or Longer, Unrealized Losses | ' | -1 |
Total fair value | 4,909 | 480 |
Total Unrealized Losses | ($299) | ($2) |
Securities_Details_Textual
Securities (Details Textual) (USD $) | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | |
Bond | Bond | ||
Securities (Textual) | ' | ' | ' |
Fair value of securities pledged as collateral, to secure public deposits and for other purposes | $67,200,000 | $67,200,000 | $49,800,000 |
Fair value of securities delivered for repurchase agreements | 16,600,000 | 16,600,000 | 16,200,000 |
Available-for-sale Securities, Gross Realized Gains | 30,000 | 50,000 | ' |
Gain on sale reclassification from accumulated other comprehensive income included in gain on sale of securities | ' | 50,000 | ' |
Tax expense for net security gains | ' | 20,000 | ' |
Total fair value | $25,931,000 | $25,931,000 | $6,024,000 |
Fair value as a percentage of available-for-sale investment portfolio | 29.90% | 29.90% | 6.10% |
Number of bonds in portfolio | 29 | 29 | ' |
Percentage of investment portfolio have an unrealized loss | 25.00% | 25.00% | ' |
Loans_and_Allowance_for_Loan_L2
Loans and Allowance for Loan Losses (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Summary of categories of loans | ' | ' |
Total loans | $475,521 | $463,665 |
Non-Accrual Loans | 5,580 | 5,305 |
Non-Accrual Percentage | 1.17% | 1.14% |
Less: Net deferred loan fees, premiums and discounts | -288 | -276 |
Loans, net of unearned income | 475,233 | 463,389 |
Allowance for loan losses | -7,120 | -6,811 |
Commercial & Industrial [Member] | ' | ' |
Summary of categories of loans | ' | ' |
Total loans | 81,859 | 81,767 |
Non-Accrual Loans | 2,738 | 1,246 |
Non-Accrual Percentage | 3.34% | 1.52% |
Commercial RE & Construction [Member] | ' | ' |
Summary of categories of loans | ' | ' |
Total loans | 209,739 | 201,392 |
Non-Accrual Loans | 642 | 782 |
Non-Accrual Percentage | 0.31% | 0.39% |
Agricultural & Farmland [Member] | ' | ' |
Summary of categories of loans | ' | ' |
Total loans | 39,636 | 42,276 |
Non-Accrual Loans | ' | ' |
Non-Accrual Percentage | 0.00% | 0.00% |
Residential Real Estate [Member] | ' | ' |
Summary of categories of loans | ' | ' |
Total loans | 96,477 | 87,859 |
Non-Accrual Loans | 1,837 | 2,631 |
Non-Accrual Percentage | 1.90% | 2.99% |
Home Equity & Consumer [Member] | ' | ' |
Summary of categories of loans | ' | ' |
Total loans | 47,677 | 50,223 |
Non-Accrual Loans | 363 | 646 |
Non-Accrual Percentage | 0.76% | 1.29% |
Other [Member] | ' | ' |
Summary of categories of loans | ' | ' |
Total loans | 133 | 148 |
Non-Accrual Loans | ' | ' |
Non-Accrual Percentage | 0.00% | 0.00% |
Loans_and_Allowance_for_Loan_L3
Loans and Allowance for Loan Losses (Details 1) (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 |
Summary of balance of the allowance for loan losses and the recorded investment in loans | ' | ' | ' | ' | ' |
Beginning balance | $7,013 | $6,618 | $6,811 | $6,529 | ' |
Charge Offs | -307 | -301 | -656 | -1,028 | ' |
Recoveries | 13 | 79 | 65 | 245 | ' |
Provision | 401 | 300 | 900 | 950 | ' |
Ending Balance | 7,120 | 6,696 | 7,120 | 6,696 | ' |
Ending balance individually evaluated for impairment | 958 | ' | 958 | ' | 1,121 |
Ending balance collectively evaluated for impairment | 6,162 | ' | 6,162 | ' | 5,690 |
Loans, Ending balance individually evaluated for impairment | 6,021 | ' | 6,021 | ' | 5,322 |
Loans, Ending balance collectively evaluated for impairment | 469,500 | ' | 469,500 | ' | 458,343 |
Commercial & Industrial [Member] | ' | ' | ' | ' | ' |
Summary of balance of the allowance for loan losses and the recorded investment in loans | ' | ' | ' | ' | ' |
Beginning balance | 1,547 | 1,517 | 1,561 | 1,914 | ' |
Charge Offs | ' | -79 | -1 | -284 | ' |
Recoveries | 2 | 11 | 16 | 39 | ' |
Provision | 183 | 152 | 156 | -68 | ' |
Ending Balance | 1,732 | 1,601 | 1,732 | 1,601 | ' |
Ending balance individually evaluated for impairment | 521 | ' | 521 | ' | 485 |
Ending balance collectively evaluated for impairment | 1,211 | ' | 1,211 | ' | 1,076 |
Loans, Ending balance individually evaluated for impairment | 2,463 | ' | 2,463 | ' | 1,232 |
Loans, Ending balance collectively evaluated for impairment | 79,396 | ' | 79,396 | ' | 80,535 |
Commercial RE & Construction [Member] | ' | ' | ' | ' | ' |
Summary of balance of the allowance for loan losses and the recorded investment in loans | ' | ' | ' | ' | ' |
Beginning balance | 3,059 | 3,020 | 3,034 | 2,880 | ' |
Charge Offs | -53 | -180 | -58 | -279 | ' |
Recoveries | 1 | 5 | 16 | 47 | ' |
Provision | 86 | 57 | 101 | 254 | ' |
Ending Balance | 3,093 | 2,902 | 3,093 | 2,902 | ' |
Ending balance individually evaluated for impairment | 40 | ' | 40 | ' | 55 |
Ending balance collectively evaluated for impairment | 3,053 | ' | 3,053 | ' | 2,979 |
Loans, Ending balance individually evaluated for impairment | 829 | ' | 829 | ' | 725 |
Loans, Ending balance collectively evaluated for impairment | 208,910 | ' | 208,910 | ' | 200,667 |
Agricultural & Farmland [Member] | ' | ' | ' | ' | ' |
Summary of balance of the allowance for loan losses and the recorded investment in loans | ' | ' | ' | ' | ' |
Beginning balance | 180 | 95 | 186 | 51 | ' |
Charge Offs | ' | -10 | ' | -10 | ' |
Recoveries | 1 | 2 | 3 | 4 | ' |
Provision | -4 | 107 | -12 | 149 | ' |
Ending Balance | 177 | 194 | 177 | 194 | ' |
Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' |
Ending balance collectively evaluated for impairment | 177 | ' | 177 | ' | 186 |
Loans, Ending balance individually evaluated for impairment | ' | ' | ' | ' | ' |
Loans, Ending balance collectively evaluated for impairment | 39,636 | ' | 39,636 | ' | 42,276 |
Residential Real Estate [Member] | ' | ' | ' | ' | ' |
Summary of balance of the allowance for loan losses and the recorded investment in loans | ' | ' | ' | ' | ' |
Beginning balance | 1,183 | 1,047 | 1,088 | 956 | ' |
Charge Offs | -69 | ' | -167 | -65 | ' |
Recoveries | ' | -2 | 19 | 80 | ' |
Provision | 22 | -18 | 196 | 56 | ' |
Ending Balance | 1,136 | 1,027 | 1,136 | 1,027 | ' |
Ending balance individually evaluated for impairment | 219 | ' | 219 | ' | 386 |
Ending balance collectively evaluated for impairment | 917 | ' | 917 | ' | 702 |
Loans, Ending balance individually evaluated for impairment | 2,125 | ' | 2,125 | ' | 2,683 |
Loans, Ending balance collectively evaluated for impairment | 94,352 | ' | 94,352 | ' | 85,176 |
Home Equity & Consumer [Member] | ' | ' | ' | ' | ' |
Summary of balance of the allowance for loan losses and the recorded investment in loans | ' | ' | ' | ' | ' |
Beginning balance | 947 | 802 | 839 | 599 | ' |
Charge Offs | -185 | -25 | -421 | -366 | ' |
Recoveries | 9 | 61 | 11 | 69 | ' |
Provision | 114 | 12 | 456 | 548 | ' |
Ending Balance | 885 | 850 | 885 | 850 | ' |
Ending balance individually evaluated for impairment | 178 | ' | 178 | ' | 195 |
Ending balance collectively evaluated for impairment | 707 | ' | 707 | ' | 644 |
Loans, Ending balance individually evaluated for impairment | 604 | ' | 604 | ' | 682 |
Loans, Ending balance collectively evaluated for impairment | 47,073 | ' | 47,073 | ' | 49,541 |
Other [Member] | ' | ' | ' | ' | ' |
Summary of balance of the allowance for loan losses and the recorded investment in loans | ' | ' | ' | ' | ' |
Beginning balance | 97 | 137 | 103 | 129 | ' |
Charge Offs | ' | -7 | -9 | -24 | ' |
Recoveries | ' | 2 | ' | 6 | ' |
Provision | ' | -10 | 3 | 11 | ' |
Ending Balance | 97 | 122 | 97 | 122 | ' |
Ending balance collectively evaluated for impairment | 97 | ' | 97 | ' | 102 |
Loans, Ending balance collectively evaluated for impairment | $133 | ' | $133 | ' | $148 |
Loans_and_Allowance_for_Loan_L4
Loans and Allowance for Loan Losses (Details 2) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | $475,521 | $463,665 |
Loan Grade 1-2 Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 2,107 | 1,318 |
Loan Grade 3 Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 203,515 | 208,442 |
Loan Grade 4 Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 243,128 | 229,551 |
Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 448,750 | 439,311 |
Special Mention [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 18,073 | 13,834 |
Substandard [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 3,370 | 5,330 |
Doubtful [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 5,328 | 5,190 |
Loss [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | ' | ' |
Commercial & Industrial [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 81,859 | 81,767 |
Commercial & Industrial [Member] | Loan Grade 1-2 Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 1,919 | 1,108 |
Commercial & Industrial [Member] | Loan Grade 3 Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 21,317 | 23,028 |
Commercial & Industrial [Member] | Loan Grade 4 Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 51,427 | 54,871 |
Commercial & Industrial [Member] | Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 74,663 | 79,007 |
Commercial & Industrial [Member] | Special Mention [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 3,551 | 88 |
Commercial & Industrial [Member] | Substandard [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 1,081 | 1,429 |
Commercial & Industrial [Member] | Doubtful [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 2,564 | 1,243 |
Commercial & Industrial [Member] | Loss [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | ' | ' |
Commercial RE & Construction [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 209,739 | 201,392 |
Commercial RE & Construction [Member] | Loan Grade 1-2 Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 86 | 101 |
Commercial RE & Construction [Member] | Loan Grade 3 Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 44,955 | 55,175 |
Commercial RE & Construction [Member] | Loan Grade 4 Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 149,168 | 129,846 |
Commercial RE & Construction [Member] | Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 194,209 | 185,122 |
Commercial RE & Construction [Member] | Special Mention [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 13,007 | 12,370 |
Commercial RE & Construction [Member] | Substandard [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 1,883 | 3,024 |
Commercial RE & Construction [Member] | Doubtful [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 640 | 876 |
Commercial RE & Construction [Member] | Loss [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | ' | ' |
Agricultural & Farmland [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 39,636 | 42,276 |
Agricultural & Farmland [Member] | Loan Grade 1-2 Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 101 | 109 |
Agricultural & Farmland [Member] | Loan Grade 3 Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 6,651 | 7,938 |
Agricultural & Farmland [Member] | Loan Grade 4 Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 32,884 | 34,195 |
Agricultural & Farmland [Member] | Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 39,636 | 42,242 |
Agricultural & Farmland [Member] | Special Mention [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | ' | ' |
Agricultural & Farmland [Member] | Substandard [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | ' | 34 |
Agricultural & Farmland [Member] | Doubtful [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | ' | ' |
Agricultural & Farmland [Member] | Loss [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | ' | ' |
Residential Real Estate [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 96,477 | 87,859 |
Residential Real Estate [Member] | Loan Grade 1-2 Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | ' | ' |
Residential Real Estate [Member] | Loan Grade 3 Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 87,069 | 77,221 |
Residential Real Estate [Member] | Loan Grade 4 Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 5,892 | 6,285 |
Residential Real Estate [Member] | Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 92,961 | 83,506 |
Residential Real Estate [Member] | Special Mention [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 1,435 | 1,186 |
Residential Real Estate [Member] | Substandard [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 292 | 699 |
Residential Real Estate [Member] | Doubtful [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 1,789 | 2,468 |
Residential Real Estate [Member] | Loss [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | ' | ' |
Home Equity & Consumer [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 47,677 | 50,223 |
Home Equity & Consumer [Member] | Loan Grade 1-2 Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 1 | ' |
Home Equity & Consumer [Member] | Loan Grade 3 Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 43,506 | 45,063 |
Home Equity & Consumer [Member] | Loan Grade 4 Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 3,641 | 4,223 |
Home Equity & Consumer [Member] | Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 47,148 | 49,286 |
Home Equity & Consumer [Member] | Special Mention [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 80 | 190 |
Home Equity & Consumer [Member] | Substandard [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 114 | 144 |
Home Equity & Consumer [Member] | Doubtful [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 335 | 603 |
Home Equity & Consumer [Member] | Loss [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | ' | ' |
Other [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 133 | 148 |
Other [Member] | Loan Grade 1-2 Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | ' | ' |
Other [Member] | Loan Grade 3 Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 17 | 17 |
Other [Member] | Loan Grade 4 Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 116 | 131 |
Other [Member] | Pass [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 133 | 148 |
Other [Member] | Special Mention [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | ' | ' |
Other [Member] | Substandard [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | ' | ' |
Other [Member] | Doubtful [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | ' | ' |
Other [Member] | Loss [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | ' | ' |
Loans_and_Allowance_for_Loan_L5
Loans and Allowance for Loan Losses (Details 3) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Summary of loan portfolio aging analysis | ' | ' |
30-59 Days Past Due | $354 | $2,058 |
60-89 Days Past Due | 85 | 537 |
Greater Than 90 Days | 1,814 | 2,508 |
Total Past Due | 2,253 | 5,103 |
Current | 473,268 | 458,562 |
Total Loans Receivable | 475,521 | 463,665 |
Commercial & Industrial [Member] | ' | ' |
Summary of loan portfolio aging analysis | ' | ' |
30-59 Days Past Due | 26 | 26 |
60-89 Days Past Due | ' | 2 |
Greater Than 90 Days | 622 | 497 |
Total Past Due | 648 | 525 |
Current | 81,211 | 81,242 |
Total Loans Receivable | 81,859 | 81,767 |
Commercial RE & Construction [Member] | ' | ' |
Summary of loan portfolio aging analysis | ' | ' |
30-59 Days Past Due | 193 | 1,623 |
60-89 Days Past Due | ' | 320 |
Greater Than 90 Days | 278 | 264 |
Total Past Due | 471 | 2,207 |
Current | 209,268 | 199,185 |
Total Loans Receivable | 209,739 | 201,392 |
Agricultural & Farmland [Member] | ' | ' |
Summary of loan portfolio aging analysis | ' | ' |
30-59 Days Past Due | ' | ' |
60-89 Days Past Due | ' | ' |
Greater Than 90 Days | ' | ' |
Total Past Due | ' | ' |
Current | 39,636 | 42,276 |
Total Loans Receivable | 39,636 | 42,276 |
Residential Real Estate [Member] | ' | ' |
Summary of loan portfolio aging analysis | ' | ' |
30-59 Days Past Due | 106 | 90 |
60-89 Days Past Due | 63 | 139 |
Greater Than 90 Days | 795 | 1,467 |
Total Past Due | 964 | 1,696 |
Current | 95,513 | 86,163 |
Total Loans Receivable | 96,477 | 87,859 |
Home Equity & Consumer [Member] | ' | ' |
Summary of loan portfolio aging analysis | ' | ' |
30-59 Days Past Due | 29 | 319 |
60-89 Days Past Due | 22 | 76 |
Greater Than 90 Days | 119 | 280 |
Total Past Due | 170 | 675 |
Current | 47,507 | 49,548 |
Total Loans Receivable | 47,677 | 50,223 |
Other [Member] | ' | ' |
Summary of loan portfolio aging analysis | ' | ' |
30-59 Days Past Due | ' | ' |
60-89 Days Past Due | ' | ' |
Greater Than 90 Days | ' | ' |
Total Past Due | ' | ' |
Current | 133 | 148 |
Total Loans Receivable | $133 | $148 |
Loans_and_Allowance_for_Loan_L6
Loans and Allowance for Loan Losses (Details 4) (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 |
Commercial & Industrial [Member] | ' | ' | ' | ' | ' |
Summary of Impaired loan activity | ' | ' | ' | ' | ' |
With no related allowance recorded, Recorded Investment | $663 | ' | $663 | ' | $394 |
With no related allowance recorded, Unpaid Principal Balance | 2,549 | ' | 2,549 | ' | 2,280 |
With no related allowance recorded, Average Recorded Investment | 870 | 2,071 | 2,341 | 2,568 | ' |
With no related allowance recorded, Interest Income Recognized | 4 | ' | 13 | ' | ' |
With a specific allowance recorded, Recorded Investment | 1,800 | ' | 1,800 | ' | 838 |
With a specific allowance recorded, Unpaid Principal Balance | 1,800 | ' | 1,800 | ' | 944 |
With a specific allowance recorded, Related Allowance | 521 | ' | 521 | ' | 485 |
With a specific allowance recorded, Average Recorded Investment | 1,800 | 947 | 1,773 | 949 | ' |
With a specific allowance recorded, Interest Income Recognized | 12 | 3 | 44 | 6 | ' |
Total Recorded Investment | 2,463 | ' | 2,463 | ' | 1,232 |
Total Unpaid Principal Balance | 4,349 | ' | 4,349 | ' | 3,224 |
Total Related Allowance | 521 | ' | 521 | ' | 485 |
Total Average Recorded Investment | 2,670 | 3,018 | 4,114 | 3,517 | ' |
Total Interest Income Recognized | 16 | 3 | 57 | 6 | ' |
Commercial RE & Construction [Member] | ' | ' | ' | ' | ' |
Summary of Impaired loan activity | ' | ' | ' | ' | ' |
With no related allowance recorded, Recorded Investment | 624 | ' | 624 | ' | 527 |
With no related allowance recorded, Unpaid Principal Balance | 624 | ' | 624 | ' | 1,529 |
With no related allowance recorded, Average Recorded Investment | 805 | 2,013 | 820 | 2,078 | ' |
With no related allowance recorded, Interest Income Recognized | 5 | 6 | 19 | 18 | ' |
With a specific allowance recorded, Recorded Investment | 205 | ' | 205 | ' | 198 |
With a specific allowance recorded, Unpaid Principal Balance | 258 | ' | 258 | ' | 198 |
With a specific allowance recorded, Related Allowance | 40 | ' | 40 | ' | 55 |
With a specific allowance recorded, Average Recorded Investment | 259 | ' | 261 | ' | ' |
With a specific allowance recorded, Interest Income Recognized | 3 | ' | 8 | ' | ' |
Total Recorded Investment | 829 | ' | 829 | ' | 725 |
Total Unpaid Principal Balance | 882 | ' | 882 | ' | 1,727 |
Total Related Allowance | 40 | ' | 40 | ' | 55 |
Total Average Recorded Investment | 1,064 | 2,013 | 1,081 | 2,078 | ' |
Total Interest Income Recognized | 8 | 6 | 27 | 18 | ' |
Agricultural & Farmland [Member] | ' | ' | ' | ' | ' |
Summary of Impaired loan activity | ' | ' | ' | ' | ' |
With no related allowance recorded, Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded, Unpaid Principal Balance | ' | ' | ' | ' | ' |
With no related allowance recorded, Average Recorded Investment | ' | ' | ' | ' | ' |
With no related allowance recorded, Interest Income Recognized | ' | ' | ' | ' | ' |
With a specific allowance recorded, Recorded Investment | ' | ' | ' | ' | ' |
With a specific allowance recorded, Unpaid Principal Balance | ' | ' | ' | ' | ' |
With a specific allowance recorded, Related Allowance | ' | ' | ' | ' | ' |
With a specific allowance recorded, Average Recorded Investment | ' | 3 | ' | 3 | ' |
With a specific allowance recorded, Interest Income Recognized | ' | ' | ' | ' | ' |
Total Recorded Investment | ' | ' | ' | ' | ' |
Total Unpaid Principal Balance | ' | ' | ' | ' | ' |
Total Related Allowance | ' | ' | ' | ' | ' |
Total Average Recorded Investment | ' | 3 | ' | 3 | ' |
Total Interest Income Recognized | ' | ' | ' | ' | ' |
Residential Real Estate [Member] | ' | ' | ' | ' | ' |
Summary of Impaired loan activity | ' | ' | ' | ' | ' |
With no related allowance recorded, Recorded Investment | 1,020 | ' | 1,020 | ' | 1,122 |
With no related allowance recorded, Unpaid Principal Balance | 1,074 | ' | 1,074 | ' | 1,204 |
With no related allowance recorded, Average Recorded Investment | 1,156 | 1,351 | 1,160 | 1,359 | ' |
With no related allowance recorded, Interest Income Recognized | 12 | 16 | 35 | 57 | ' |
With a specific allowance recorded, Recorded Investment | 1,105 | ' | 1,105 | ' | 1,561 |
With a specific allowance recorded, Unpaid Principal Balance | 1,105 | ' | 1,105 | ' | 1,561 |
With a specific allowance recorded, Related Allowance | 219 | ' | 219 | ' | 386 |
With a specific allowance recorded, Average Recorded Investment | 978 | 1,475 | 983 | 1,480 | ' |
With a specific allowance recorded, Interest Income Recognized | 12 | 12 | 36 | 38 | ' |
Total Recorded Investment | 2,125 | ' | 2,125 | ' | 2,683 |
Total Unpaid Principal Balance | 2,179 | ' | 2,179 | ' | 2,765 |
Total Related Allowance | 219 | ' | 219 | ' | 386 |
Total Average Recorded Investment | 2,134 | 2,826 | 2,143 | 2,839 | ' |
Total Interest Income Recognized | 24 | 28 | 71 | 95 | ' |
Home Equity & Consumer [Member] | ' | ' | ' | ' | ' |
Summary of Impaired loan activity | ' | ' | ' | ' | ' |
With no related allowance recorded, Recorded Investment | 189 | ' | 189 | ' | 228 |
With no related allowance recorded, Unpaid Principal Balance | 189 | ' | 189 | ' | 260 |
With no related allowance recorded, Average Recorded Investment | 199 | 388 | 203 | 393 | ' |
With no related allowance recorded, Interest Income Recognized | 3 | 4 | 8 | 11 | ' |
With a specific allowance recorded, Recorded Investment | 415 | ' | 415 | ' | 454 |
With a specific allowance recorded, Unpaid Principal Balance | 415 | ' | 415 | ' | 454 |
With a specific allowance recorded, Related Allowance | 178 | ' | 178 | ' | 195 |
With a specific allowance recorded, Average Recorded Investment | 438 | 362 | 445 | 365 | ' |
With a specific allowance recorded, Interest Income Recognized | 7 | 5 | 22 | 13 | ' |
Total Recorded Investment | 604 | ' | 604 | ' | 682 |
Total Unpaid Principal Balance | 604 | ' | 604 | ' | 714 |
Total Related Allowance | 178 | ' | 178 | ' | 195 |
Total Average Recorded Investment | 637 | 750 | 648 | 758 | ' |
Total Interest Income Recognized | 10 | 9 | 30 | 24 | ' |
All Impaired Loans less than $100,000 [Member] | ' | ' | ' | ' | ' |
Summary of Impaired loan activity | ' | ' | ' | ' | ' |
With no related allowance recorded, Recorded Investment | 1,065 | ' | 1,065 | ' | 1,336 |
With no related allowance recorded, Unpaid Principal Balance | 1,065 | ' | 1,065 | ' | 1,336 |
With no related allowance recorded, Average Recorded Investment | 1,065 | 1,441 | 1,065 | 1,441 | ' |
With no related allowance recorded, Interest Income Recognized | ' | ' | ' | ' | ' |
With a specific allowance recorded, Recorded Investment | ' | ' | ' | ' | ' |
With a specific allowance recorded, Unpaid Principal Balance | ' | ' | ' | ' | ' |
With a specific allowance recorded, Related Allowance | ' | ' | ' | ' | ' |
With a specific allowance recorded, Average Recorded Investment | ' | ' | ' | ' | ' |
With a specific allowance recorded, Interest Income Recognized | ' | ' | ' | ' | ' |
Total Recorded Investment | 1,065 | ' | 1,065 | ' | 1,336 |
Total Unpaid Principal Balance | 1,065 | ' | 1,065 | ' | 1,336 |
Total Related Allowance | ' | ' | ' | ' | ' |
Total Average Recorded Investment | 1,065 | 1,441 | 1,065 | 1,441 | ' |
Total Interest Income Recognized | ' | ' | ' | ' | ' |
Loans_and_Allowance_for_Loan_L7
Loans and Allowance for Loan Losses (Details 5) (USD $) | Sep. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||
Summary of newly restructured loans by type of modification | ' | ' |
Interest Only | ' | ' |
Term | 24 | 142 |
Combination | ' | 192 |
Total Modification | 24 | 334 |
Residential Real Estate [Member] | ' | ' |
Summary of newly restructured loans by type of modification | ' | ' |
Interest Only | ' | ' |
Term | 13 | 142 |
Combination | ' | 192 |
Total Modification | 13 | 334 |
Consumer [Member] | ' | ' |
Summary of newly restructured loans by type of modification | ' | ' |
Interest Only | ' | ' |
Term | 11 | ' |
Combination | ' | ' |
Total Modification | $11 | ' |
Loans_and_Allowance_for_Loan_L8
Loans and Allowance for Loan Losses (Details 6) (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 |
Contract | |
Summary of troubled debt restructurings modified in the past 12 months that subsequently defaulted | ' |
Number of Contracts | 4 |
Recorded Balance | $194 |
Residential Real Estate [Member] | ' |
Summary of troubled debt restructurings modified in the past 12 months that subsequently defaulted | ' |
Number of Contracts | 4 |
Recorded Balance | 194 |
Consumer [Member] | ' |
Summary of troubled debt restructurings modified in the past 12 months that subsequently defaulted | ' |
Number of Contracts | ' |
Recorded Balance | ' |
Loans_and_Allowance_for_Loan_L9
Loans and Allowance for Loan Losses (Details Textual) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Loan | ||
Loans and Allowance for Loan Losses (Textual) | ' | ' |
Principal amount outstanding of loans held-in-portfolio | $100,000 | ' |
Impaired loans which included in groups of homogenous loans | 'Less than $100,000 | ' |
Number of TDR's (Loan) defaulted | 2 | ' |
Troubled debt restructuring loan loss allowances | $11,000 | $71,000 |
Segment_Information_Details
Segment Information (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Income statement information ($'s in thousands) | ' | ' | ' | ' | ' |
Net interest income (expense) | $5,175 | $5,434 | $15,817 | $15,577 | ' |
Non-interest income - external customers | 3,746 | 3,450 | 11,178 | 10,299 | ' |
Non-interest income - other segments | -36 | -42 | -81 | -102 | ' |
Total revenue | 8,885 | 8,842 | 26,914 | 25,774 | ' |
Non-interest expense | 6,562 | 6,725 | 20,312 | 20,272 | ' |
Significant non-cash items: | ' | ' | ' | ' | ' |
Depreciation and amortization | 312 | 299 | 813 | 941 | ' |
Provision for loan losses | 401 | 300 | 900 | 950 | ' |
Income tax expense (benefit) | 578 | 513 | 1,721 | 1,262 | ' |
Segment profit (loss) | 1,344 | 1,304 | 3,981 | 3,290 | ' |
Balance sheet information | ' | ' | ' | ' | ' |
Total assets | 633,412 | 630,205 | 633,412 | 630,205 | 638,234 |
Goodwill and intangibles | 17,137 | 17,729 | 17,137 | 17,729 | ' |
Premises and equipment expenditures | 918 | 942 | 918 | 942 | ' |
Banking [Member] | ' | ' | ' | ' | ' |
Income statement information ($'s in thousands) | ' | ' | ' | ' | ' |
Net interest income (expense) | 5,521 | 5,869 | 16,930 | 17,160 | ' |
Non-interest income - external customers | 3,413 | 2,951 | 9,973 | 8,576 | ' |
Non-interest income - other segments | 62 | 67 | 230 | 227 | ' |
Total revenue | 8,996 | 8,887 | 27,133 | 25,963 | ' |
Non-interest expense | 5,957 | 6,068 | 18,534 | 18,598 | ' |
Significant non-cash items: | ' | ' | ' | ' | ' |
Depreciation and amortization | 286 | 239 | 720 | 701 | ' |
Provision for loan losses | 404 | 300 | 903 | 950 | ' |
Income tax expense (benefit) | 809 | 743 | 2,365 | 1,875 | ' |
Segment profit (loss) | 1,826 | 1,776 | 5,331 | 4,540 | ' |
Balance sheet information | ' | ' | ' | ' | ' |
Total assets | 629,632 | 624,840 | 629,632 | 624,840 | ' |
Goodwill and intangibles | 17,137 | 17,729 | 17,137 | 17,729 | ' |
Premises and equipment expenditures | 882 | 940 | 882 | 940 | ' |
Data Processing [Member] | ' | ' | ' | ' | ' |
Income statement information ($'s in thousands) | ' | ' | ' | ' | ' |
Net interest income (expense) | -11 | -17 | -37 | -99 | ' |
Non-interest income - external customers | 333 | 484 | 1,205 | 1,682 | ' |
Non-interest income - other segments | 174 | 233 | 756 | 1,298 | ' |
Total revenue | 496 | 700 | 1,924 | 2,881 | ' |
Non-interest expense | 632 | 735 | 2,038 | 2,461 | ' |
Significant non-cash items: | ' | ' | ' | ' | ' |
Depreciation and amortization | 26 | 59 | 90 | 233 | ' |
Provision for loan losses | ' | ' | ' | ' | ' |
Income tax expense (benefit) | -46 | -11 | -39 | 143 | ' |
Segment profit (loss) | -90 | -24 | -75 | 277 | ' |
Balance sheet information | ' | ' | ' | ' | ' |
Total assets | 1,847 | 2,518 | 1,847 | 2,518 | ' |
Goodwill and intangibles | ' | ' | ' | ' | ' |
Premises and equipment expenditures | 8 | 2 | 8 | 2 | ' |
Other [Member] | ' | ' | ' | ' | ' |
Income statement information ($'s in thousands) | ' | ' | ' | ' | ' |
Net interest income (expense) | -335 | -418 | -1,076 | -1,450 | ' |
Non-interest income - external customers | ' | 15 | ' | 41 | ' |
Non-interest income - other segments | ' | 68 | 20 | 182 | ' |
Total revenue | -335 | -335 | -1,056 | -1,227 | ' |
Non-interest expense | 210 | 290 | 726 | 954 | ' |
Significant non-cash items: | ' | ' | ' | ' | ' |
Depreciation and amortization | ' | 1 | 3 | 7 | ' |
Provision for loan losses | -3 | ' | -3 | ' | ' |
Income tax expense (benefit) | -185 | -218 | -605 | -756 | ' |
Segment profit (loss) | -357 | -407 | -1,174 | -1,425 | ' |
Balance sheet information | ' | ' | ' | ' | ' |
Total assets | 1,452 | 4,920 | 1,452 | 4,920 | ' |
Goodwill and intangibles | ' | ' | ' | ' | ' |
Premises and equipment expenditures | 28 | ' | 28 | ' | ' |
Total Segments [Member] | ' | ' | ' | ' | ' |
Income statement information ($'s in thousands) | ' | ' | ' | ' | ' |
Net interest income (expense) | 5,175 | 5,434 | 15,817 | 15,611 | ' |
Non-interest income - external customers | 3,746 | 3,450 | 11,178 | 10,299 | ' |
Non-interest income - other segments | 236 | 368 | 1,006 | 1,707 | ' |
Total revenue | 9,157 | 9,252 | 28,001 | 27,617 | ' |
Non-interest expense | 6,799 | 7,093 | 21,298 | 22,012 | ' |
Significant non-cash items: | ' | ' | ' | ' | ' |
Depreciation and amortization | 312 | 299 | 813 | 941 | ' |
Provision for loan losses | 401 | 300 | 900 | 950 | ' |
Income tax expense (benefit) | 578 | 514 | 1,721 | 1,262 | ' |
Segment profit (loss) | 1,379 | 1,345 | 4,082 | 3,393 | ' |
Balance sheet information | ' | ' | ' | ' | ' |
Total assets | 632,931 | 632,278 | 632,931 | 632,278 | ' |
Goodwill and intangibles | 17,137 | 17,729 | 17,137 | 17,729 | ' |
Premises and equipment expenditures | 918 | 942 | 918 | 942 | ' |
Intersegment Elimination [Member] | ' | ' | ' | ' | ' |
Income statement information ($'s in thousands) | ' | ' | ' | ' | ' |
Net interest income (expense) | ' | ' | ' | -34 | ' |
Non-interest income - external customers | ' | ' | ' | ' | ' |
Non-interest income - other segments | -272 | -410 | -1,087 | -1,809 | ' |
Total revenue | -272 | -410 | -1,087 | -1,843 | ' |
Non-interest expense | -237 | -368 | -986 | -1,740 | ' |
Significant non-cash items: | ' | ' | ' | ' | ' |
Depreciation and amortization | ' | ' | ' | ' | ' |
Provision for loan losses | ' | ' | ' | ' | ' |
Income tax expense (benefit) | ' | ' | ' | ' | ' |
Segment profit (loss) | -35 | -41 | -101 | -102 | ' |
Balance sheet information | ' | ' | ' | ' | ' |
Total assets | 481 | -2,073 | 481 | -2,073 | ' |
Goodwill and intangibles | ' | ' | ' | ' | ' |
Premises and equipment expenditures | ' | ' | ' | ' | ' |
Derivative_Financial_Instrumen2
Derivative Financial Instruments (Details) (Derivatives not designated as hedging instruments [Member], Interest rate contracts [Member], USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Other Assets [Member] | ' | ' |
Fair value of the Company's derivative financial instruments, as well as their classification on the balance sheet | ' | ' |
Asset Derivatives | $279 | $254 |
Other Liabilities [Member] | ' | ' |
Fair value of the Company's derivative financial instruments, as well as their classification on the balance sheet | ' | ' |
Liability Derivatives | $279 | $254 |
Derivative_Financial_Instrumen3
Derivative Financial Instruments (Details Textual) (USD $) | Sep. 30, 2013 |
In Millions, unless otherwise specified | |
Derivative Financial Instruments (Textual) | ' |
Notional amount of customer-facing swaps | $13.70 |
Cash as collateral | $0.10 |
Fair_Value_of_Assets_and_Liabi2
Fair Value of Assets and Liabilities (Details) (Available-For-Sale Securities [Member], USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
U.S. Treasury and Government Agencies [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | $12,621 | $14,511 |
Mortgage-backed securities [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 53,272 | 63,764 |
State and political subdivisions [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 19,327 | 18,249 |
Money Market Mutual Funds [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 1,377 | 2,155 |
Equity securities [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 23 | 23 |
Interest rate contracts [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 279 | 254 |
Level 1 [Member] | U.S. Treasury and Government Agencies [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 1 [Member] | Mortgage-backed securities [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 1 [Member] | State and political subdivisions [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 1 [Member] | Money Market Mutual Funds [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 1,377 | 2,155 |
Level 1 [Member] | Equity securities [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 1 [Member] | Interest rate contracts [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 2 [Member] | U.S. Treasury and Government Agencies [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 12,621 | 14,511 |
Level 2 [Member] | Mortgage-backed securities [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 53,272 | 63,764 |
Level 2 [Member] | State and political subdivisions [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 19,327 | 18,249 |
Level 2 [Member] | Money Market Mutual Funds [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 2 [Member] | Equity securities [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 23 | 23 |
Level 2 [Member] | Interest rate contracts [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 279 | 254 |
Level 3 [Member] | U.S. Treasury and Government Agencies [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 3 [Member] | Mortgage-backed securities [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 3 [Member] | State and political subdivisions [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 3 [Member] | Money Market Mutual Funds [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 3 [Member] | Equity securities [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 3 [Member] | Interest rate contracts [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Fair_Value_of_Assets_and_Liabi3
Fair Value of Assets and Liabilities (Details 1) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Impaired loans [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | $1,632 | $2,227 |
Impaired loans [Member] | Level 1 [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | ' | ' |
Impaired loans [Member] | Level 2 [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | ' | ' |
Impaired loans [Member] | Level 3 [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | 1,632 | 2,227 |
Mortgage Servicing Rights [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | 2,112 | 2,667 |
Mortgage Servicing Rights [Member] | Level 1 [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | ' | ' |
Mortgage Servicing Rights [Member] | Level 2 [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | ' | ' |
Mortgage Servicing Rights [Member] | Level 3 [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | 2,112 | 2,667 |
Foreclosed Assets [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | 84 | 950 |
Foreclosed Assets [Member] | Level 1 [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | ' | ' |
Foreclosed Assets [Member] | Level 2 [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | ' | ' |
Foreclosed Assets [Member] | Level 3 [Member] | ' | ' |
Summary of fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | $84 | $950 |
Fair_Value_of_Assets_and_Liabi4
Fair Value of Assets and Liabilities (Details 2) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Collateral-dependent impaired loans [Member] | ' | ' |
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements | ' | ' |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | $1,632 | $2,227 |
Fair Value Measurements, Valuation Technique | 'Market comparable properties | 'Market comparable properties |
Fair Value Measurements, Unobservable Inputs | 'Comparability adjustments (%) | 'Comparability adjustments (%) |
Collateral-dependent impaired loans [Member] | Comparability adjustments (%) [Member] | ' | ' |
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements | ' | ' |
Fair Value Measurements, Range (Weighted Average) | ' | ' |
Mortgage servicing rights [Member] | ' | ' |
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements | ' | ' |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 2,112 | 2,667 |
Fair Value Measurements, Valuation Technique | 'Discounted cash flow | 'Discounted cash flow |
Fair Value Measurements, Unobservable Inputs | 'Discount Rate Constant prepayment rate P&I earnings credit T&I earnings credit Inflation for cost of servicing | 'Discount Rate Constant prepayment rate P&I earnings credit T&I earnings credit Inflation for cost of servicing |
Mortgage servicing rights [Member] | Discount Rate [Member] | ' | ' |
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements | ' | ' |
Fair Value Measurements, Range (Weighted Average) | 9.75% | 8.50% |
Mortgage servicing rights [Member] | Constant prepayment rate [Member] | ' | ' |
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements | ' | ' |
Fair Value Measurements, Range (Weighted Average) | 8.50% | 15.60% |
Mortgage servicing rights [Member] | P&I earnings credit [Member] | ' | ' |
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements | ' | ' |
Fair Value Measurements, Range (Weighted Average) | 0.18% | 0.21% |
Mortgage servicing rights [Member] | T&I earnings credit [Member] | ' | ' |
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements | ' | ' |
Fair Value Measurements, Range (Weighted Average) | 1.67% | 0.81% |
Mortgage servicing rights [Member] | Inflation for cost of servicing [Member] | ' | ' |
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements | ' | ' |
Fair Value Measurements, Range (Weighted Average) | 1.50% | 1.50% |
Foreclosed assets [Member] | ' | ' |
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements | ' | ' |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | $84 | $950 |
Fair Value Measurements, Valuation Technique | 'Market comparable properties | 'Market comparable properties |
Fair Value Measurements, Unobservable Inputs | 'Marketability discount | 'Marketability discount |
Foreclosed assets [Member] | Marketability discount [Member] | ' | ' |
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements | ' | ' |
Fair Value Measurements, Range (Weighted Average) | 10.00% | 10.00% |
Fair_Value_of_Assets_and_Liabi5
Fair Value of Assets and Liabilities (Details 3) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||
Financial assets | ' | ' | ' | ' |
Cash and cash equivalents, Carrying Amount | $19,016 | $19,144 | $10,289 | $14,846 |
Loans held for sale, Carrying Amount | 2,407 | 6,147 | ' | ' |
Loans, net of allowance for loan losses, Carrying Amount | 468,113 | 456,578 | ' | ' |
Federal Reserve and FHLB Bank stock, Carrying Amount | 3,748 | 3,748 | ' | ' |
Mortgage Servicing Rights, Carrying Amount | 5,076 | 3,775 | ' | ' |
Accrued interest receivable, Carrying Amount | 1,694 | 1,235 | ' | ' |
Financial liabilities | ' | ' | ' | ' |
Deposits, Carrying Amount | 521,543 | 527,001 | ' | ' |
Notes payable, Carrying Amount | 680 | 1,702 | ' | ' |
FHLB advances, Carrying Amount | 16,000 | 21,000 | ' | ' |
Short-term borrowings, Carrying Amount | 14,836 | 10,333 | ' | ' |
Trust preferred securities, Carrying Amount | 20,620 | 20,620 | ' | ' |
Accrued interest payable, Carrying Amount | 448 | 138 | ' | ' |
Level 1 [Member] | ' | ' | ' | ' |
Financial assets | ' | ' | ' | ' |
Cash and cash equivalents, Carrying Amount | 19,016 | 19,144 | ' | ' |
Loans held for sale, Carrying Amount | ' | ' | ' | ' |
Loans, net of allowance for loan losses, Carrying Amount | ' | ' | ' | ' |
Federal Reserve and FHLB Bank stock, Carrying Amount | ' | ' | ' | ' |
Mortgage Servicing Rights, Carrying Amount | ' | ' | ' | ' |
Accrued interest receivable, Carrying Amount | ' | ' | ' | ' |
Financial liabilities | ' | ' | ' | ' |
Deposits, Carrying Amount | ' | ' | ' | ' |
Notes payable, Carrying Amount | ' | ' | ' | ' |
FHLB advances, Carrying Amount | ' | ' | ' | ' |
Short-term borrowings, Carrying Amount | ' | ' | ' | ' |
Trust preferred securities, Carrying Amount | ' | ' | ' | ' |
Accrued interest payable, Carrying Amount | ' | ' | ' | ' |
Level 2 [Member] | ' | ' | ' | ' |
Financial assets | ' | ' | ' | ' |
Cash and cash equivalents, Carrying Amount | ' | ' | ' | ' |
Loans held for sale, Carrying Amount | 2,471 | 6,350 | ' | ' |
Loans, net of allowance for loan losses, Carrying Amount | ' | ' | ' | ' |
Federal Reserve and FHLB Bank stock, Carrying Amount | 3,748 | 3,748 | ' | ' |
Mortgage Servicing Rights, Carrying Amount | ' | ' | ' | ' |
Accrued interest receivable, Carrying Amount | 1,694 | 1,235 | ' | ' |
Financial liabilities | ' | ' | ' | ' |
Deposits, Carrying Amount | 524,226 | 530,097 | ' | ' |
Notes payable, Carrying Amount | 695 | 1,731 | ' | ' |
FHLB advances, Carrying Amount | 15,991 | 21,274 | ' | ' |
Short-term borrowings, Carrying Amount | 14,836 | 10,333 | ' | ' |
Trust preferred securities, Carrying Amount | 13,737 | 7,353 | ' | ' |
Accrued interest payable, Carrying Amount | 448 | 138 | ' | ' |
Level 3 [Member] | ' | ' | ' | ' |
Financial assets | ' | ' | ' | ' |
Cash and cash equivalents, Carrying Amount | ' | ' | ' | ' |
Loans held for sale, Carrying Amount | ' | ' | ' | ' |
Loans, net of allowance for loan losses, Carrying Amount | 470,329 | 462,773 | ' | ' |
Federal Reserve and FHLB Bank stock, Carrying Amount | ' | ' | ' | ' |
Mortgage Servicing Rights, Carrying Amount | 6,215 | 4,329 | ' | ' |
Accrued interest receivable, Carrying Amount | ' | ' | ' | ' |
Financial liabilities | ' | ' | ' | ' |
Deposits, Carrying Amount | ' | ' | ' | ' |
Notes payable, Carrying Amount | ' | ' | ' | ' |
FHLB advances, Carrying Amount | ' | ' | ' | ' |
Short-term borrowings, Carrying Amount | ' | ' | ' | ' |
Trust preferred securities, Carrying Amount | ' | ' | ' | ' |
Accrued interest payable, Carrying Amount | ' | ' | ' | ' |