Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Feb. 26, 2014 | Jun. 30, 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-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Entity Well-Known Seasoned Issuer | 'No | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 4,872,729 | ' |
Entity Public Float | ' | ' | $37.10 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and due from banks | $13,137 | $19,144 |
Available-for-sale securities | 89,793 | 98,702 |
Loans held for sale | 3,366 | 6,147 |
Loans, net of unearned income | 477,303 | 463,389 |
Allowance for loan losses | -6,964 | -6,811 |
Premises and equipment, net | 12,186 | 12,633 |
Federal Reserve and Federal Home Loan Bank Stock, at cost | 3,748 | 3,748 |
Foreclosed assets held for sale, net | 651 | 2,367 |
Interest receivable | 1,281 | 1,235 |
Goodwill | 16,353 | 16,353 |
Core deposits and other intangibles | 655 | 1,219 |
Purchased software | 421 | 330 |
Cash value of life insurance | 12,906 | 12,577 |
Mortgage servicing rights | 5,180 | 3,775 |
Other assets | 1,738 | 3,426 |
Total assets | 631,754 | 638,234 |
Deposits | ' | ' |
Non interest bearing demand | 81,570 | 77,799 |
Interest bearing NOW | 119,551 | 117,289 |
Savings | 61,652 | 57,461 |
Money Market | 79,902 | 80,381 |
Time Deposits | 175,559 | 194,071 |
Total deposits | 518,234 | 527,001 |
Repurchase agreements | 14,696 | 10,333 |
Notes payable | 589 | 1,702 |
Federal Home Loan Bank advances | 16,000 | 21,000 |
Trust preferred securities | 20,620 | 20,620 |
Interest payable | 639 | 138 |
Other liabilities | 4,707 | 4,156 |
Total liabilities | 575,485 | 584,950 |
Commitments & Contingent Liabilities | ' | ' |
Stockholders' Equity | ' | ' |
Preferred stock, $0.00 stated value; authorized 200,000 shares; 0 shares issued | ' | ' |
Common stock, $2.50 stated value; authorized 10,000,000 shares; 5,027,433 shares issued | 12,569 | 12,569 |
Additional paid-in capital | 15,412 | 15,374 |
Retained earnings | 29,899 | 25,280 |
Accumulated other comprehensive income | 74 | 1,830 |
Treasury stock, at cost - (2013 - 157,804, 2012 - 165,564 shares) | -1,685 | -1,769 |
Total stockholders' equity | 56,269 | 53,284 |
Total liabilities and stockholders' equity | $631,754 | $638,234 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Balance Sheets [Abstract] | ' | ' |
Preferred stock, stated value | $0 | $0 |
Preferred stock, shares authorized | 200,000 | 200,000 |
Preferred stock, shares issued | 0 | 0 |
Common stock, stated value | $2.50 | $2.50 |
Common stock, shares authorized | 10,000,000 | 10,000,000 |
Common stock, shares issued | 5,027,433 | 5,027,433 |
Treasury stock, shares | 157,804 | 165,654 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 12 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Loans | ' | ' |
Taxable | $22,834 | $23,911 |
Tax-exempt | 67 | 90 |
Securities | ' | ' |
Taxable | 1,244 | 1,515 |
Tax-exempt | 703 | 606 |
Total interest income | 24,848 | 26,122 |
Interest Expense | ' | ' |
Deposits | 2,231 | 2,969 |
Notes payable | 47 | 64 |
Repurchase agreements | 11 | 142 |
Federal Home Loan Bank advances | 339 | 333 |
Trust preferred securities | 1,407 | 1,882 |
Total interest expense | 4,035 | 5,390 |
Net Interest Income | 20,813 | 20,732 |
Provision for loan losses | 900 | 1,350 |
Net interest income after provision for loan losses | 19,913 | 19,382 |
Non-interest Income | ' | ' |
Wealth management fees | 2,653 | 2,501 |
Customer service fees | 2,587 | 2,624 |
Gain on sale of mortgage loans & OMSR's | 5,066 | 6,284 |
Mortgage loan servicing fees, net | 1,246 | 124 |
Gain on sale of non-mortgage loans | 585 | 264 |
Data service fees | 1,500 | 2,515 |
Net gain on sales of securities | 48 | ' |
Loss on sale of assets | -484 | -329 |
Other | 845 | 862 |
Total non-interest income | 14,046 | 14,845 |
Non-interest Expense | ' | ' |
Salaries and employee benefits | 13,497 | 14,518 |
Net occupancy expense | 2,055 | 2,085 |
FDIC insurance expense | 409 | 628 |
Equipment expense | 2,810 | 2,837 |
Data processing fees | 714 | 469 |
Professional fees | 1,827 | 1,912 |
Marketing expense | 471 | 393 |
Printing and office supplies | 301 | 230 |
Telephone and communications | 582 | 580 |
Postage and delivery expense | 796 | 856 |
Employee expense | 557 | 456 |
Intangible amortization expense | 564 | 630 |
State, local and other taxes | 550 | 502 |
Other expenses | 1,378 | 1,388 |
Total non-interest expense | 26,511 | 27,484 |
Income Before Income Tax | 7,448 | 6,743 |
Provision for Income Taxes | 2,243 | 1,929 |
Net Income | $5,205 | $4,814 |
Basic Earnings Per Share | $1.07 | $0.99 |
Diluted Earnings Per Share | $1.07 | $0.99 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Statements Of Comprehensive Income [Abstract] | ' | ' |
Net Income | $5,205 | $4,814 |
Available-for-sale investment securities: | ' | ' |
Gross unrealized holding (loss) gain arising in the period | -2,612 | 738 |
Related tax benefit (expense) | 888 | -251 |
Less: reclassification adjustment for gain realized in income | -48 | ' |
Related tax benefit | 16 | ' |
Net effect on other comprehensive income (loss) | -1,756 | 487 |
Total comprehensive income | $3,449 | $5,301 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Stockholders' Equity (USD $) | Total | Preferred Stock | Common Stock | Additional Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income | Treasury Stock |
In Thousands | |||||||
Beginning Balance at Dec. 31, 2011 | $47,932 | ' | $12,569 | $15,323 | $20,466 | $1,343 | ($1,769) |
Net Income | 4,814 | ' | ' | ' | 4,814 | ' | ' |
Other comprehensive income | 487 | ' | ' | ' | ' | 487 | ' |
Expense of stock option plan | 51 | ' | ' | 51 | ' | ' | ' |
Balance at Dec. 31, 2012 | 53,284 | ' | 12,569 | 15,374 | 25,280 | 1,830 | -1,769 |
Net Income | 5,205 | ' | ' | ' | 5,205 | ' | ' |
Other comprehensive income | -1,756 | ' | ' | ' | ' | -1,756 | ' |
Dividends on Common, $0.12 per share | -586 | ' | ' | ' | -586 | ' | ' |
Stock options exercised | 58 | ' | ' | -26 | ' | ' | 84 |
Expense of stock option plan | 64 | ' | ' | 64 | ' | ' | ' |
Balance at Dec. 31, 2013 | $56,269 | ' | $12,569 | $15,412 | $29,899 | $74 | ($1,685) |
Consolidated_Statements_of_Cha1
Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Statements of Stockholders' Equity [Abstract] | ' |
Dividend common stock, Per share amount | $0.12 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Operating Activities | ' | ' |
Net Income | $5,205 | $4,814 |
Items not requiring (providing) cash | ' | ' |
Depreciation and amortization | 1,089 | 1,232 |
Provision for loan losses | 900 | 1,350 |
Expense of share-based compensation plan | 64 | 51 |
Amortization of premiums and discounts on securities | 955 | 1,266 |
Amortization of intangible assets | 564 | 630 |
Amortization of originated mortgage servicing rights | 827 | 1,335 |
Deferred income taxes | 1,731 | 1,858 |
Proceeds from sale of loans held for sale | 239,208 | 325,486 |
Originations of loans held for sale | -232,379 | -321,828 |
Gain from sale of loans | -5,651 | -6,548 |
Loss on sales of assets | 484 | 329 |
Net gains on sales of securities | -48 | ' |
Software and fixed asset impairment | ' | 65 |
OREO impairment | 33 | 58 |
Originated mortgage servicing rights impairment, net | -629 | -309 |
Changes in | ' | ' |
Interest receivable | -46 | 400 |
Other assets | 1,236 | -62 |
Interest payable and other liabilities | 403 | -2,710 |
Net cash provided by operating activities | 13,946 | 7,417 |
Investing Activities | ' | ' |
Purchases of available-for-sale securities | -32,090 | -28,573 |
Proceeds from maturities of available-for-sale securities | 29,993 | 41,321 |
Proceeds from sales of available-for-sale securities | 7,389 | ' |
Net change in loans | -15,642 | -22,997 |
Purchase of premises, equipment and software | -1,152 | -833 |
Proceeds from sales of premises, equipment and software | 317 | ' |
Proceeds from sale of foreclosed assets | 2,277 | 1,098 |
Purchase of FHLB stock | ' | -63 |
Net cash used in investing activities | -8,909 | -10,048 |
Financing Activities | ' | ' |
Net increase in demand deposits, money market, interest checking and savings accounts | 9,745 | 35,612 |
Net decrease in certificates of deposit | -18,512 | -27,376 |
Net increase (decrease) in securities sold under agreements to repurchase | 4,363 | -8,446 |
Proceeds from Federal Home Loan Bank advances | 9,000 | 53,000 |
Repayment of Federal Home Loan Bank advances | -14,000 | -44,776 |
Proceeds from stock options exercised | 58 | ' |
Dividends on Common Stock | -586 | ' |
Repayment of notes payable | -1,113 | -1,086 |
Net cash provided by (used in) financing activities | -11,045 | 6,928 |
Increase (Decrease) in Cash and Cash Equivalents | -6,007 | 4,298 |
Cash and Cash Equivalents, Beginning of Year | 19,144 | 14,846 |
Cash and Cash Equivalents, End of Year | 13,137 | 19,144 |
Supplemental Cash Flows Information | ' | ' |
Interest paid | 3,534 | 8,206 |
Income taxes paid | 550 | 120 |
Transfer of loans to foreclosed assets | $981 | $1,181 |
Organization_and_Summary_of_Si
Organization and Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2013 | |
Organization and Summary of Significant Accounting Policies [Abstract] | ' |
Organization and Summary of Significant Accounting Policies | ' |
Note 1: Organization and Summary of Significant Accounting Policies | |
Organization and Nature of Operations | |
SB Financial Group, Inc. (“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 Company is primarily engaged in providing a full range of banking and wealth management services to individual and corporate customers in Northwest Ohio and Northeast Indiana. The Company is subject to competition from other financial institutions, and is regulated by certain federal and state agencies and undergoes periodic examinations by those regulatory authorities. 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. Where appropriate, reclassifications have been made to the 2012 financial statements to conform to the 2013 financial statement presentation. These reclassifications had no effect on net income. | |
Principles of Consolidation | |
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. | |
Use of Estimates | |
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, loan servicing rights, valuation of deferred tax assets, other-than-temporary impairment (OTTI) and fair value of financial instruments. | |
Cash Equivalents | |
The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. At December 31, 2013 and 2012, cash equivalents consisted primarily of interest-bearing and non-interest bearing demand deposit balances held by correspondent banks. | |
Securities | |
Available-for-sale securities, which include any security for which the Company has no immediate plan to sell but which may be sold in the future, are carried at fair value. Unrealized gains and losses are recorded, net of related income tax effects, in other comprehensive income. | |
Amortization of premiums and accretion of discounts are recorded as interest income from securities. Realized gains and losses are recorded as net security gains (losses). Gains and losses on sales of securities are determined on the specific-identification method. | |
For debt securities with fair value below carrying value when the Company does not intend to sell the debt security, and it is more likely than not the Company will not have to sell the security before recovery of its cost basis, the Company recognizes the credit component of an other-than-temporary impairment of the debt security in earnings and the remaining portion in other comprehensive income. | |
Mortgage Loans Held for Sale | |
Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to non-interest income. Gains and losses on loan sales are recorded in non-interest income. | |
Loans | |
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, loans are placed on non-accrual status not later than 90 days past due. Past due status is based on contractural terms of loan. 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. | |
Allowance for Loan Losses | |
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. | |
Premises and Equipment | |
Depreciable assets are stated at cost less accumulated depreciation. Depreciation is charged to expense using the straight-line method for buildings and equipment over the estimated useful lives of the assets. Leasehold improvements are capitalized and depreciated using the straight-line method over the terms of the respective leases. | |
Long-lived Asset Impairment | |
The Company evaluates the recoverability of the carrying value of long-lived assets whenever events or circumstances indicate the carrying amount may not be recoverable. If a long-lived asset is tested for recoverability and the undiscounted estimated future cash flows expected to result from the use and eventual disposition of the asset is less than the carrying amount of the asset, the asset’s cost is adjusted to fair value and an impairment loss is recognized as the amount by which the carrying amount of a long-lived asset exceeds its fair value. | |
A fixed asset and software impairment of $0.0 million and $0.1 million was recognized during the years ended December 31, 2013 and 2012, respectively. | |
Federal Reserve and Federal Home Loan Bank Stock | |
Federal Reserve and Federal Home Loan Bank stock are required investments for institutions that are members of the Federal Reserve and Federal Home Loan Bank systems. The required investment in the common stock is based on a predetermined formula, carried at cost and evaluated for impairment. | |
Foreclosed Assets Held for Sale | |
Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of the carrying amount or the fair value less cost to sell. Revenue and expenses from operations related to foreclosed assets and changes in the valuation allowance are included in net income or expense from foreclosed assets. | |
Goodwill | |
Goodwill is tested for impairment annually. If the implied fair value of goodwill is lower than its carrying amount, goodwill impairment is indicated and goodwill is written down to its implied fair value. | |
Intangible Assets | |
Intangible assets are being amortized on a straight-line basis over weighted-average periods ranging from one to fifteen years. Such assets are periodically evaluated as to the recoverability of their carrying value. Purchased software is being amortized using the straight-line method over periods ranging from one to three years. | |
Derivatives | |
Derivatives are recognized as assets and liabilities on the consolidated balance sheet and measured at fair value. For exchange-traded contracts, fair value is based on quoted market prices. For non-exchange traded contracts, fair value is based on dealer quotes, pricing models, discounted cash flow methodologies or similar techniques for which the determination of fair value may require significant management judgment or estimation. | |
Mortgage Servicing Rights | |
Mortgage servicing assets are recognized separately when rights are acquired through purchase or through sale of financial assets. Under the servicing assets and liabilities accounting guidance (ASC 806-50), servicing rights from the sale or securitization of loans originated by the Company are initially measured at fair value at the date of transfer. The Company subsequently measures each class of servicing asset using the amortization method. Under the amortization method, servicing rights are amortized in proportion to and over the period of estimated net servicing income. The amortized assets are assessed for impairment based on fair value at each reporting date. | |
Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost of service, the discount rate, the custodial earning rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. These variables change from quarter to quarter as market conditions and projected interest rates change, and may have an adverse impact on the value of the mortgage servicing right and may result in a reduction to noninterest income. | |
Each class of separately recognized servicing assets subsequently measured using the amortization method is evaluated and measured for impairment. Impairment is determined by stratifying rights into tranches based on predominant characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual tranche, to the extent that fair value is less than the carrying amount of the servicing assets for that tranche. The valuation allowance is adjusted to reflect changes in the measurement of impairment after the initial measurement of impairment. Changes in valuation allowances are reported with“Mortgage Loan Servicing Fees, net” on the income statement. Fair value in excess of the carrying amount of servicing assets for that stratum is not recognized. | |
Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. The amortization of mortgage servicing rights is netted against loan servicing fee income. | |
Share-Based Employee Compensation Plan | |
At December 31, 2013 and 2012, the Company had a share-based employee compensation plan, which is described more fully in Note 19. | |
Transfers of Financial Assets | |
Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company – put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before the maturity or the ability to unilaterally cause the holder to return specific assets. | |
Income Taxes | |
The Company accounts for income taxes in accordance with income tax accounting guidance (ASC 740, Income Taxes). The income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. | |
Uncertain tax positions are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the term “upon examination” also includes resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to management’s judgment. | |
The Company recognizes interest and penalties on income taxes as a component of income tax expense. | |
The Company files consolidated income tax returns with its subsidiaries. With a few exceptions, the Company is no longer subject to U.S. Federal, State and Local examinations by tax authorities for the years before 2010. As of December 31, 2013, the Company had no uncertain income tax positions. | |
Treasury Shares | |
Treasury stock is stated at cost. Cost is determined by the weighted average cost method. | |
Earnings Per Share | |
Basic earnings per share represent income available to common stockholders divided by the weighted-average number of common shares outstanding during each period. Diluted earnings per share reflect additional potential common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate solely to outstanding stock options and are determined using the treasury stock method. Treasury stock shares are not deemed outstanding for earnings per share calculations. | |
Comprehensive Income | |
Comprehensive income consists of net income and other comprehensive income, net of applicable income taxes. Other comprehensive income includes unrealized appreciation (depreciation) on available-for-sale securities, and unrealized and realized gains and losses in derivative financial instruments that qualify for hedge accounting. | |
The following paragraphs summarize the impact of new accounting pronouncements: | |
Accounting Standards Update (ASU) No. 2014-04, Receivables (Topic 310): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. | |
The ASU clarifies that an in substance repossession or foreclosure occurs upon either the creditor obtaining legal title to the residential real estate property or the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The amendments are effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2014. The amendments may be adopted using either a modified retrospective transition method or a prospective transition method. Early adoption is permitted. Management does not believe the amendments will have a material impact on the Company’s Consolidated Financial Statements. | |
ASU No. 2013-12, Definition of a Public Business Entity | |
The objective of this standard will be to minimize the inconsistency and complexity of having multiple definitions of, or a diversity in practice as to what constitutes, a nonpublic entity and public entity within U.S. generally accepted accounting principles (GAAP) on a going-forward basis. Specifically, stakeholders asked that the Board clarify which nonpublic entities potentially qualify for alternative financial accounting and reporting guidance. This Update addresses those issues by defining public business entity. Management does not believe the amendment will have a material impact on the Company’s Consolidated Financial Statements. |
Restriction_on_Cash_and_Due_Fr
Restriction on Cash and Due From Banks | 12 Months Ended |
Dec. 31, 2013 | |
Restriction On Cash and Due From Banks [Abstract] | ' |
Restriction on Cash and Due From Banks | ' |
Note 2: Restriction on Cash and Due From Banks | |
State Bank is required to maintain reserve funds in cash and/or on deposit with the Federal Reserve Bank. The reserve required at December 31, 2013, was $0.7 million. |
AvailableforSale_Securities
Available-for-Sale Securities | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Securities [Abstract] | ' | ||||||||||||||||||||||||
Available-for-Sale Securities | ' | ||||||||||||||||||||||||
Note 3: Available-for-Sale Securities | |||||||||||||||||||||||||
The amortized cost and appropriate fair values, together with gross unrealized gains and losses, of available-for-sale securities are as follows: | |||||||||||||||||||||||||
Gross | |||||||||||||||||||||||||
Amortized | Unrealized | Gross | |||||||||||||||||||||||
($ in thousands) | Cost | Gains | Losses | Fair Value | |||||||||||||||||||||
Available-for-Sale Securities: | |||||||||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
U.S. Treasury and Government agencies | $ | 11,305 | $ | 120 | $ | (125 | ) | $ | 11,300 | ||||||||||||||||
Mortgage-backed securities | 57,322 | 417 | (516 | ) | 57,223 | ||||||||||||||||||||
State and political subdivisions | 17,937 | 546 | (328 | ) | 18,155 | ||||||||||||||||||||
Money Market Mutual Fund | 3,092 | - | - | 3,092 | |||||||||||||||||||||
Equity securities | 23 | - | - | 23 | |||||||||||||||||||||
$ | 89,679 | $ | 1,083 | $ | (969 | ) | $ | 89,793 | |||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | |||||||||||||||||||||||
($ in thousands) | 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 Fund | 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 and held to maturity at December 31, 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 | ||||||||||||||||||||||||
($ in thousands) | Cost | Value | |||||||||||||||||||||||
Within one year | $ | - | $ | - | |||||||||||||||||||||
Due after one year through five years | 1,386 | 1,460 | |||||||||||||||||||||||
Due after five years through ten years | 10,980 | 11,042 | |||||||||||||||||||||||
Due after ten years | 16,876 | 16,953 | |||||||||||||||||||||||
29,242 | 29,455 | ||||||||||||||||||||||||
Mortgage-backed securities, money market mutual | |||||||||||||||||||||||||
fund & equity securities | 60,437 | 60,338 | |||||||||||||||||||||||
Totals | $ | 89,679 | $ | 89,793 | |||||||||||||||||||||
The fair value of securities pledged as collateral, to secure public deposits and for other purposes, was $42.3 million at December 31, 2013, and $49.8 million at December 31, 2012. The securities delivered for repurchase agreements were $17.5 million at December 31, 2013 and $16.2 million at December 31, 2012. | |||||||||||||||||||||||||
Gross gains of $0.09 million and gross losses of $0.04 million were realized from sales of available-for-sale securities in 2013. The net $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. There were no realized gains or losses in 2012. The 2013 related tax expense for net security gains was $0.02 million and was a reclassification from accumulated other comprehensive income and is included in the income tax expense line in the income statement. | |||||||||||||||||||||||||
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 at December 31, 2013 and 2012, was $35.8 million and $6.0 million which is approximately 40% and 6% of the Company's available-for-sale investment portfolio, respectively. | |||||||||||||||||||||||||
Based on evaluation of available evidence, including recent changes in market interest rates, credit rating information and information obtained from regulatory filings, management believes the declines in fair value for these securities are temporary. | |||||||||||||||||||||||||
Should the impairment of any of these securities become other than temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary impairment is identified. | |||||||||||||||||||||||||
The following tables present securities with unrealized losses at December 31, 2013 and 2012: | |||||||||||||||||||||||||
Less than 12 Months | 12 Months or Longer | Total | |||||||||||||||||||||||
($ in thousands) | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | |||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
Available-for-Sale Securities: | |||||||||||||||||||||||||
U.S. Treasury and Government agencies | $ | 3,834 | $ | (125 | ) | $ | - | $ | - | $ | 3,834 | $ | (125 | ) | |||||||||||
Mortgage-backed securities | $ | 24,773 | $ | (410 | ) | $ | 2,333 | $ | (106 | ) | $ | 27,106 | $ | (516 | ) | ||||||||||
State and political subdivisions | 4,868 | (328 | ) | - | - | 4,868 | (328 | ) | |||||||||||||||||
$ | 33,475 | $ | (863 | ) | $ | 2,333 | $ | (106 | ) | $ | 35,808 | $ | (969 | ) | |||||||||||
Less than 12 Months | 12 Months or Longer | Total | |||||||||||||||||||||||
($ in thousands) | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | |||||||||||||||||||
December 31, 2012: | |||||||||||||||||||||||||
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 | ) | |||||||||||
The unrealized gain on the mortgage-backed securities portfolio has been significantly reduced as of December 31, 2013 from the prior year. Management reviews these securities on a quarterly basis and has determined that no impairment exists. 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. When the Company does not intend to sell a debt security, and it is more likely than not, the Company will not have to sell the security before recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. |
Loans_and_Allowance_for_Loan_L
Loans and Allowance for Loan Losses | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Loans and Allowance For Loan Losses [Abstract] | ' | ||||||||||||||||||||||||||||
Loans and Allowance for Loan Losses | ' | ||||||||||||||||||||||||||||
Note 4: Loans and Allowance for Loan Losses | |||||||||||||||||||||||||||||
Categories of loans at December 31 include: | |||||||||||||||||||||||||||||
Total Loans | Non-Accrual Loans | ||||||||||||||||||||||||||||
($ in thousands) | Dec. 2013 | Dec. 2012 | Dec. 2013 | Dec. 2012 | |||||||||||||||||||||||||
Commercial & Industrial | $ | 85,642 | $ | 81,767 | 2,316 | 1,246 | |||||||||||||||||||||||
Commercial RE & Construction | 205,301 | 201,392 | 532 | 782 | |||||||||||||||||||||||||
Agricultural & Farmland | 39,210 | 42,276 | - | - | |||||||||||||||||||||||||
Residential Real Estate | 99,620 | 87,859 | 1,651 | 2,631 | |||||||||||||||||||||||||
Home Equity & Consumer | 47,717 | 50,223 | 345 | 646 | |||||||||||||||||||||||||
Other | 87 | 148 | - | - | |||||||||||||||||||||||||
Total loans | 477,577 | 463,665 | $ | 4,844 | $ | 5,305 | |||||||||||||||||||||||
Less | |||||||||||||||||||||||||||||
Net deferred loan fees, premiums and discounts | (274 | ) | (276 | ) | |||||||||||||||||||||||||
Loans, net of unearned income | $ | 477,303 | $ | 463,389 | |||||||||||||||||||||||||
Allowance for loan losses | $ | (6,964 | ) | $ | (6,811 | ) | |||||||||||||||||||||||
The following tables present the balance of the allowance for loan losses ("ALLL") and the recorded investment in loans based on portfolio segment and impairment method as of December 31, 2013 and 2012: | |||||||||||||||||||||||||||||
Commercial | Commercial RE | Agricultural | Residential | Home Equity | |||||||||||||||||||||||||
($'s in thousands) | & Industrial | & Construction | & Farmland | Real Estate | & Consumer | Other | Total | ||||||||||||||||||||||
ALLOWANCE FOR LOAN AND LEASE LOSSES | |||||||||||||||||||||||||||||
For the Twelve Months Ended December 31, 2013 | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,561 | $ | 3,034 | $ | 186 | $ | 1,088 | $ | 839 | $ | 103 | $ | 6,811 | |||||||||||||||
Charge Offs | (1 | ) | (111 | ) | - | (264 | ) | (426 | ) | (17 | ) | $ | (819 | ) | |||||||||||||||
Recoveries | 18 | 17 | 4 | 21 | 11 | 1 | 72 | ||||||||||||||||||||||
Provision | 597 | (232 | ) | (31 | ) | 222 | 360 | (16 | ) | 900 | |||||||||||||||||||
Ending Balance | $ | 2,175 | $ | 2,708 | $ | 159 | $ | 1,067 | $ | 784 | $ | 71 | $ | 6,964 | |||||||||||||||
Loans Receivable at December 31, 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 | $ | 1,079 | $ | 56 | $ | - | $ | 192 | $ | 168 | $ | 1,495 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
collectively | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 1,096 | $ | 2,652 | $ | 159 | $ | 875 | $ | 616 | $ | 71 | $ | 5,469 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
individually | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 2,116 | $ | 649 | $ | - | $ | 1,985 | $ | 590 | $ | 5,340 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
collectively | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 83,526 | $ | 204,652 | $ | 39,210 | $ | 97,635 | $ | 47,127 | $ | 87 | $ | 472,237 | |||||||||||||||
Commercial | Commercial RE | Agricultural | Residential | Home Equity | |||||||||||||||||||||||||
($'s in thousands) | & Industrial | & Construction | & Farmland | Real Estate | & Consumer | Other | Total | ||||||||||||||||||||||
ALLOWANCE FOR LOAN AND LEASE LOSSES | |||||||||||||||||||||||||||||
For the Twelve Months Ended | |||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,914 | $ | 2,880 | $ | 51 | $ | 956 | $ | 599 | $ | 129 | $ | 6,529 | |||||||||||||||
Charge Offs | (390 | ) | (287 | ) | (10 | ) | (129 | ) | (484 | ) | (28 | ) | (1,328 | ) | |||||||||||||||
Recoveries | 41 | 50 | 7 | 86 | 69 | 7 | 260 | ||||||||||||||||||||||
Provision | (4 | ) | 391 | 138 | 175 | 655 | $ | (6 | ) | 1,350 | |||||||||||||||||||
Ending Balance | $ | 1,561 | $ | 3,034 | $ | 186 | $ | 1,088 | $ | 839 | $ | 102 | $ | 6,811 | |||||||||||||||
Loans Receivable at December 31, 2012 | |||||||||||||||||||||||||||||
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 | |||||||||||||||
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: 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: 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 jeopardized 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: 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: 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. | |||||||||||||||||||||||||||||
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 nonowner-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. | |||||||||||||||||||||||||||||
Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. | |||||||||||||||||||||||||||||
The following tables present the credit risk profile of the Company’s loan portfolio based on rating category as of December 31, 2013 and 2012: | |||||||||||||||||||||||||||||
31-Dec-13 | Commercial | Commercial RE | Agricultural | Residential | Home Equity | ||||||||||||||||||||||||
Loan Grade | & Industrial | & Construction | & Farmland | Real Estate | & Consumer | Other | Total | ||||||||||||||||||||||
($ in thousands) | |||||||||||||||||||||||||||||
1-2 | $ | 1,706 | $ | 81 | $ | 76 | $ | - | $ | - | $ | - | $ | 1,863 | |||||||||||||||
3 | 22,319 | 44,095 | 6,543 | 90,606 | 43,250 | 9 | 206,822 | ||||||||||||||||||||||
4 | 56,110 | 146,861 | 32,591 | 5,700 | 3,782 | 78 | 245,122 | ||||||||||||||||||||||
Total Pass | 80,135 | 191,037 | 39,210 | 96,306 | 47,032 | 87 | 453,807 | ||||||||||||||||||||||
Special Mention | 3,159 | 8,917 | - | 1,373 | 86 | - | 13,535 | ||||||||||||||||||||||
Substandard | 32 | 4,815 | - | 290 | 84 | - | 5,221 | ||||||||||||||||||||||
Doubtful | 2,316 | 532 | - | 1,651 | 515 | - | 5,014 | ||||||||||||||||||||||
Loss | - | - | - | - | - | - | - | ||||||||||||||||||||||
Total Loans | $ | 85,642 | $ | 205,301 | $ | 39,210 | $ | 99,620 | $ | 47,717 | $ | 87 | $ | 477,577 | |||||||||||||||
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. The Company uses a three-year average of historical losses for the general component of the allowance for loan loss calculation. No significant changes were made to the loan risk grading system definitions and allowance for loan loss methodology during the periods presented. | |||||||||||||||||||||||||||||
The following tables present the Company’s loan portfolio aging analysis as of December 31, 2013 and 2012: | |||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | Greater Than | Total Past | Total Loans | |||||||||||||||||||||||||
31-Dec-13 | Past Due | Past Due | 90 Days | Due | Current | Receivable | |||||||||||||||||||||||
($ in thousands) | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | - | $ | - | $ | 1,890 | $ | 1,890 | $ | 83,752 | $ | 85,642 | |||||||||||||||||
Commercial RE & Construction | 424 | 364 | 168 | 956 | 204,345 | 205,301 | |||||||||||||||||||||||
Agricultural & Farmland | - | - | - | - | 39,210 | 39,210 | |||||||||||||||||||||||
Residential Real Estate | - | 14 | 453 | 467 | 99,153 | 99,620 | |||||||||||||||||||||||
Home Equity & Consumer | 22 | 34 | 98 | 154 | 47,563 | 47,717 | |||||||||||||||||||||||
Other | - | - | - | - | 87 | 87 | |||||||||||||||||||||||
Total Loans | $ | 446 | $ | 412 | $ | 2,609 | $ | 3,467 | $ | 474,110 | $ | 477,577 | |||||||||||||||||
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 non-performing 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, forbearance or other actions intended to maximize collection. | |||||||||||||||||||||||||||||
The following tables present impaired loan activity for the twelve months ended December 31, 2013 and 2012: | |||||||||||||||||||||||||||||
Twelve Months Ended | |||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
($'s in thousands) | Recorded | Unpaid | Related | Average | Interest | ||||||||||||||||||||||||
Principal | Recorded | Income | |||||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Recognized | |||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 316 | $ | 316 | $ | - | $ | 335 | $ | 13 | |||||||||||||||||||
Commercial RE & Construction | 389 | 442 | - | 579 | 16 | ||||||||||||||||||||||||
Agricultural & Farmland | - | - | - | - | - | ||||||||||||||||||||||||
Residential Real Estate | 1,131 | 1,131 | - | 1,315 | 65 | ||||||||||||||||||||||||
Home Equity & Consumer | 252 | 252 | - | 268 | 14 | ||||||||||||||||||||||||
All Impaired Loans < $100,000 | 1,242 | 1,242 | - | 1,242 | - | ||||||||||||||||||||||||
With a specific allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | 1,800 | 1,800 | 1,079 | 1,780 | 44 | ||||||||||||||||||||||||
Commercial RE & Construction | 260 | 260 | 56 | 318 | 14 | ||||||||||||||||||||||||
Agricultural & Farmland | - | - | - | - | - | ||||||||||||||||||||||||
Residential Real Estate | 854 | 854 | 192 | 921 | 41 | ||||||||||||||||||||||||
Home Equity & Consumer | 338 | 338 | 168 | 371 | 25 | ||||||||||||||||||||||||
All Impaired Loans < $100,000 | - | - | - | - | - | ||||||||||||||||||||||||
Totals: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 2,116 | $ | 2,116 | $ | 1,079 | $ | 2,115 | $ | 57 | |||||||||||||||||||
Commercial RE & Construction | $ | 649 | $ | 702 | $ | 56 | $ | 897 | $ | 30 | |||||||||||||||||||
Agricultural & Farmland | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Residential Real Estate | $ | 1,985 | $ | 1,985 | $ | 192 | $ | 2,236 | $ | 106 | |||||||||||||||||||
Home Equity & Consumer | $ | 590 | $ | 590 | $ | 168 | $ | 639 | $ | 39 | |||||||||||||||||||
All Impaired Loans < $100,000 | $ | 1,242 | $ | 1,242 | $ | - | $ | 1,242 | $ | - | |||||||||||||||||||
Twelve Months Ended | |||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||
($'s in thousands) | Recorded | Unpaid | Related | Average | Interest | ||||||||||||||||||||||||
Principal | Recorded | Income | |||||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Recognized | |||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 394 | $ | 2,280 | $ | - | $ | 2,419 | $ | - | |||||||||||||||||||
Commercial RE & Construction | 527 | 1,529 | - | 1,610 | 15 | ||||||||||||||||||||||||
Agricultural & Farmland | - | - | - | - | - | ||||||||||||||||||||||||
Residential Real Estate | 1,122 | 1,204 | - | 1,284 | 57 | ||||||||||||||||||||||||
Home Equity & Consumer | 228 | 260 | - | 272 | 10 | ||||||||||||||||||||||||
All Impaired Loans < $100,000 | 1,336 | 1,336 | - | 1,336 | - | ||||||||||||||||||||||||
With a specific allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | 838 | 944 | 485 | 949 | 6 | ||||||||||||||||||||||||
Commercial RE & Construction | 198 | 198 | 55 | 198 | - | ||||||||||||||||||||||||
Agricultural & Farmland | - | - | - | - | - | ||||||||||||||||||||||||
Residential Real Estate | 1,561 | 1,561 | 386 | 1,530 | 62 | ||||||||||||||||||||||||
Home Equity & Consumer | 454 | 454 | 195 | 471 | 20 | ||||||||||||||||||||||||
All Impaired Loans < $100,000 | - | - | - | - | - | ||||||||||||||||||||||||
Totals: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 1,232 | $ | 3,224 | $ | 485 | $ | 3,368 | $ | 6 | |||||||||||||||||||
Commercial RE & Construction | $ | 725 | $ | 1,727 | $ | 55 | $ | 1,808 | $ | 15 | |||||||||||||||||||
Agricultural & Farmland | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Residential Real Estate | $ | 2,683 | $ | 2,765 | $ | 386 | $ | 2,814 | $ | 119 | |||||||||||||||||||
Home Equity & Consumer | $ | 682 | $ | 714 | $ | 195 | $ | 743 | $ | 30 | |||||||||||||||||||
All Impaired Loans < $100,000 | $ | 1,336 | $ | 1,336 | $ | - | $ | 1,336 | $ | - | |||||||||||||||||||
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 tables below present the activity of TDRs during the years ended December 31, 2013 and 2012: | |||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
($ in thousands) | Number of Loans | Pre-Modification | Post Modification | ||||||||||||||||||||||||||
Recorded Balance | Recorded Balance | ||||||||||||||||||||||||||||
Residential Real Estate | 1 | $ | 12 | $ | 12 | ||||||||||||||||||||||||
Home Equity & Consumer | 1 | 10 | 10 | ||||||||||||||||||||||||||
Total Modifications | 2 | $ | 22 | $ | 22 | ||||||||||||||||||||||||
($ in thousands) | Interest | Total | |||||||||||||||||||||||||||
Only | Term | Combination | Modification | ||||||||||||||||||||||||||
Residential Real Estate | $ | - | $ | 12 | $ | - | $ | 12 | |||||||||||||||||||||
Home Equity & Consumer | - | 10 | - | 10 | |||||||||||||||||||||||||
Total Modifications | $ | - | $ | 22 | $ | - | $ | 22 | |||||||||||||||||||||
The loans described above increased the allowance for loan and lease losses ("ALLL") by $10.0 in the twelve month period ending December 31, 2013. | |||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||
($ in thousands) | Number of Loans | Pre-Modification Recorded Balance | Post Modification Recorded Balance | ||||||||||||||||||||||||||
Residential Real Estate | 14 | $ | 660 | $ | 660 | ||||||||||||||||||||||||
Home Equity & Consumer | 2 | 21 | 21 | ||||||||||||||||||||||||||
Commercial Real Estate | 1 | 198 | 198 | ||||||||||||||||||||||||||
Total Modifications | 17 | $ | 879 | $ | 879 | ||||||||||||||||||||||||
Interest | Total | ||||||||||||||||||||||||||||
($ in thousands) | Only | Term | Combination | Modification | |||||||||||||||||||||||||
Residential Real Estate | $ | - | $ | 419 | $ | 241 | $ | 660 | |||||||||||||||||||||
Home Equity & Consumer | - | 21 | - | 21 | |||||||||||||||||||||||||
Commercial Real Estate | - | 198 | - | 198 | |||||||||||||||||||||||||
Total Modifications | $ | - | $ | 638 | $ | 241 | $ | 879 | |||||||||||||||||||||
The loans described above increased the allowance for loan and lease losses ("ALLL") by $257.0 in the twelve month period ending December 31, 2012. | |||||||||||||||||||||||||||||
Troubled Debt Restructurings Modified in the Past 12 Months that have Subsequently Defaulted | |||||||||||||||||||||||||||||
Number of | Recorded | ||||||||||||||||||||||||||||
($ in thousands) | Contracts | Balance | |||||||||||||||||||||||||||
Residential Real Estate | 4 | $ | 63 | ||||||||||||||||||||||||||
Home Equity & Consumer | - | - | |||||||||||||||||||||||||||
4 | $ | 63 | |||||||||||||||||||||||||||
Derivative_Financial_Instrumen
Derivative Financial Instruments | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Derivative Financial Instruments [Abstract] | ' | ||||||||||
Derivative Financial Instruments | ' | ||||||||||
Note 5: 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 December 31, 2013, the notional amount of customer-facing swaps was approximately $13.5 million, as compared to $7.6 million at December 31, 2012. This amount is offset with third party counterparties, as described above. | |||||||||||
The Company has minimum collateral posting thresholds with its derivative counterparties. As of December 31, 2013, the Company had posted cash as collateral in the amount of $0.2 million. | |||||||||||
Fair Values of Derivative Instruments on the Balance Sheet | |||||||||||
The table below presents the fair value of the Company’s derivative financial instruments, as well as their classification on the Balance Sheet, as of December 31, 2013 and 2012. | |||||||||||
Asset Derivatives | Liability Derivatives | ||||||||||
($ in thousands) | 31-Dec-13 | 31-Dec-13 | |||||||||
Balance Sheet | Fair | Balance Sheet | Fair | ||||||||
Location | Value | Location | Value | ||||||||
Derivatives not designated as hedging instruments: | |||||||||||
Interest rate contracts | Other Assets | $ | 257 | Other Liabilities | $ | 257 | |||||
31-Dec-12 | 31-Dec-12 | ||||||||||
Balance Sheet | Fair | Balance Sheet | Fair | ||||||||
Location | Value | Location | Value | ||||||||
Derivatives not designated as hedging instruments: | |||||||||||
Interest rate contracts | Other Assets | $ | 254 | Other Liabilities | $ | 254 | |||||
The Company’s derivative financial instruments had no net effect on the Income Statement for the year ended December 31, 2013 and 2012. | |||||||||||
Premises_and_Equipment
Premises and Equipment | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Premises and Equipment [Abstract] | ' | ||||||||
Premises and Equipment | ' | ||||||||
Note 6: Premises and Equipment | |||||||||
Major classifications of premises and equipment stated at cost were as follows at December 31: | |||||||||
2013 | 2012 | ||||||||
Land | $ | 1,938 | $ | 1,977 | |||||
Buildings and improvements | 15,544 | 15,384 | |||||||
Equipment | 7,483 | 7,865 | |||||||
Construction in progress | 63 | 166 | |||||||
25,028 | 25,392 | ||||||||
Less accumulated depreciation | (12,842 | ) | (12,759 | ) | |||||
Net premises and equipment | $ | 12,186 | $ | 12,633 |
Goodwill
Goodwill | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Goodwill and Other Intangible Assets Disclosure [Abstract] | ' | ||||||||
Goodwill | ' | ||||||||
Note 7: Goodwill | |||||||||
The changes in the carrying amount of goodwill for the years ended December 31, 2013 and 2012 were: | |||||||||
($ in thousands) | 2013 | 2012 | |||||||
Balance as of January 1 | |||||||||
Goodwill | $ | 21,415 | $ | 21,415 | |||||
Accumulated impairment losses - Data Processing | (5,062 | ) | (5,062 | ) | |||||
Balance as of December 31 | |||||||||
Goodwill | 21,415 | 21,415 | |||||||
Accumulated impairment losses - Data Processing | (5,062 | ) | (5,062 | ) | |||||
$ | 16,353 | $ | 16,353 | ||||||
Goodwill impairment is tested on the last day of the last quarter of each calendar year. The goodwill impairment test is performed in two steps. If the fair market value of the stock is greater than the calculated book value of the stock, the goodwill is deemed not to be impaired and no further testing is required. If the fair market value is less than the calculated book value, an additional step of determining fair value is taken to determine if there is any impairment. Goodwill at State Bank was reviewed independently as of December 31, 2013 and 2012. Step one indicated the fair value of State Bank was in excess of its book value at the end of both 2013 and 2012 and no further testing was required. | |||||||||
Other_Intangible_Assets
Other Intangible Assets | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Goodwill and Other Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||||
Other Intangible Assets | ' | ||||||||||||||||||||
Note 8: Other Intangible Assets | |||||||||||||||||||||
The carrying basis and accumulated amortization of recognized intangible assets at December 31, 2013 and 2012 were: | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
($ in thousands) | Gross Carrying | Accumulated | Gross Carrying | Accumulated | |||||||||||||||||
Amount | Amortization | Amount | Amortization | ||||||||||||||||||
Core deposits intangible | $ | 4,698 | $ | (4,107 | ) | $ | 5,451 | $ | (4,303 | ) | |||||||||||
Customer relationship intangible | 200 | (136 | ) | 200 | (129 | ) | |||||||||||||||
Banking intangibles | 4,898 | (4,243 | ) | 5,651 | (4,432 | ) | |||||||||||||||
Purchased software - Banking | 1,160 | (785 | ) | 978 | (700 | ) | |||||||||||||||
Purchased software - Data Processing/other | 243 | (197 | ) | 164 | (112 | ) | |||||||||||||||
Purchased software | 1,403 | (982 | ) | 1,142 | (812 | ) | |||||||||||||||
Total | $ | 6,301 | $ | (5,225 | ) | $ | 6,793 | $ | (5,244 | ) | |||||||||||
Amortization expense for Core Deposits and Other for the years ended December 31, 2013 and 2012 was $0.56 million and $0.63 million, respectively. Amortization expense for purchased software for the years ended December 31, 2013 and 2012 was $0.17 million and $0.13 million, respectively. Estimated amortization expense for each of the following five years is: | |||||||||||||||||||||
($ in thousands) | 2014 | 2015 | 2016 | 2017 | 2018 | ||||||||||||||||
Core deposit intangible | $ | 366 | $ | 195 | $ | 8 | $ | 6 | $ | 6 | |||||||||||
Customer relationship intangible | 6 | 6 | 5 | 5 | 4 | ||||||||||||||||
Banking intangibles | 372 | 201 | 13 | 11 | 10 | ||||||||||||||||
Purchased software - Banking | 140 | 121 | 101 | 12 | 2 | ||||||||||||||||
Purchased software - Data Processing/other | 19 | 6 | 3 | 3 | 3 | ||||||||||||||||
Purchased Software | 159 | 127 | 104 | 15 | 4 | ||||||||||||||||
Total | $ | 531 | $ | 328 | $ | 117 | $ | 26 | $ | 14 |
Mortgage_Servicing_Rights
Mortgage Servicing Rights | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Mortgage Servicing Rights [Abstract] | ' | ||||||||
Mortgage Servicing Rights | ' | ||||||||
Note 9: Mortgage Servicing Rights | |||||||||
Mortgage loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balance of mortgage loans serviced for others approximated $606.0 million and $528.1 million at December 31, 2013 and 2012, respectively. Contractually specified servicing fees of approximately $1.4 million and $1.1 million were included in mortgage loan servicing fees in the income statement at December 31, 2013 and 2012, respectively. | |||||||||
The following table summarizes mortgage servicing rights capitalized and related amortization, along with activity in the related valuation allowance: | |||||||||
($ in thousands) | 2013 | 2012 | |||||||
Carrying amount, beginning of year | $ | 3,775 | $ | 2,820 | |||||
Mortgage servicing rights capitalized during the year | 1,603 | 1,981 | |||||||
Mortgage servicing rights amortization during the year | (827 | ) | (1,335 | ) | |||||
Net change in valuation allowance | 629 | 309 | |||||||
Carrying amount, end of year | $ | 5,180 | $ | 3,775 | |||||
Valuation allowance: | |||||||||
Beginning of year | $ | 810 | $ | 1,119 | |||||
Reduction | (629 | ) | (309 | ) | |||||
End of year | $ | 181 | $ | 810 | |||||
Fair Value, beginning of period | $ | 4,329 | $ | 2,820 | |||||
Fair Value, end of period | $ | 6,237 | $ | 4,329 | |||||
During 2013 and 2012, recapture of the valuation allowance of $0.6 and $0.3 million was taken to adjust the carrying value of the impaired mortgage servicing rights to the fair value for indicated tranches. The fair value is determined by an independent analysis conducted by a third party on a quarterly basis. |
InterestBearing_Time_Deposits
Interest-Bearing Time Deposits | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Federal Home Loan Bank Advances and Interest-Bearing Time Deposits [Abstract] | ' | ||||
Interest-Bearing Time Deposits | ' | ||||
Note 10: Interest-Bearing Time Deposits | |||||
Interest-bearing time deposits in denominations of $100,000 or more were $76.8 million on December 31, 2013, and $85.3 million on December 31, 2012. Certificates of Deposit obtained from brokers totaled approximately $10.1 million and $5.9 million at December 31, 2013 and 2012, respectively, and mature between 2014 and 2020. | |||||
At December 31, 2013, the scheduled maturities of time deposits were as follows: | |||||
($ in thousands) | |||||
2014 | $ | 95,152 | |||
2015 | 34,840 | ||||
2016 | 24,678 | ||||
2017 | 9,002 | ||||
2018 | 10,665 | ||||
Thereafter | 1,222 | ||||
$ | 175,559 | ||||
Included in time deposits at December 31, 2013 and 2012 were $25.4 million and $28.1 million, respectively, of deposits which were obtained through the Certificate of Deposit Account Registry Service (CDARS). This service allows deposit customers to maintain fully insured balances in excess of the $250,000 FDIC limit without the inconvenience of having multi-banking relationships. Under the reciprocal program that State Bank is currently participating in, customers agree to allow State Bank to place their deposits with other participating banks in the CDARS program in insurable amounts under $250,000. In exchange, other banks in the program agree to place their deposits with State Bank also in insurable amounts under $250,000. | |||||
Securities_Sold_Under_Repurcha
Securities Sold Under Repurchase Agreements | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Securities Sold under Agreements to Repurchase [Abstract] | ' | ||||||||
Securities Sold Under Repurchase Agreements | ' | ||||||||
Note 11: Securities Sold Under Repurchase Agreements | |||||||||
($ in thousands) | 2013 | 2012 | |||||||
Securities Sold Under Repurchase Agreements | $ | 14,696 | $ | 10,333 | |||||
State Bank has retail repurchase agreements to facilitate cash management transactions with commercial customers. These obligations are secured by agency and mortgage-backed securities and such collateral is held by Wilmington Trust Company. At December 31, 2013, retail repurchase agreements totaled $14.7 million. The maximum amount of outstanding agreements at any month end during 2013 and 2012 totaled $15.0 million and $15.0 million, respectively, and the monthly average of such agreements totaled $12.0 million and $12.6 million, respectively. The agreements at December 31, 2013 and 2012 mature within one month. |
Notes_Payable
Notes Payable | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Short-Term Borrowings and Notes Payable [Abstract] | ' | ||||||||
Notes Payable | ' | ||||||||
Note 12: Notes Payable | |||||||||
Notes payable at December 31, included: | |||||||||
($ in thousands) | 2013 | 2012 | |||||||
Note payable in the amount of $2.7 million, secured by all equipment and receivables of RDSI, monthly payments of $34 thousand together with interest at a fixed rate of 6.00%, maturing July 20, 2015. | $ | 589 | $ | 952 | |||||
Note payable with First Tennessee Bank, with an original amount of $1.5 million, secured by 300,000 shares of State Bank common stock, principal payments of $187 thousand quarterly together with interest at the greater of the 3 Month LIBOR rate plus 3.75%, or 6.0%. The Note was paid in full in September 2013. | - | 750 | |||||||
$ | 589 | $ | 1,702 | ||||||
Aggregate annual maturities of notes payable at December 31, 2013 were: | |||||||||
($ in thousands) | Debt | ||||||||
2014 | $ | 353 | |||||||
2015 | 236 | ||||||||
$ | 589 | ||||||||
At both December 31, 2013 and 2012, State Bank had $11.5 million in federal funds lines, of which $0 was drawn upon. | |||||||||
Federal_Home_Loan_Bank_Advance
Federal Home Loan Bank Advances | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Federal Home Loan Bank Advances and Interest-Bearing Time Deposits [Abstract] | ' | ||||
Federal Home Loan Bank Advances | ' | ||||
Note 13: Federal Home Loan Bank Advances | |||||
The Federal Home Loan Bank advances were secured by $68.5 million in mortgage loans at December 31, 2013. Advances, at interest rates from 1.07 to 3.13 percent, are subject to restrictions or penalties in the event of prepayment. | |||||
Aggregate annual maturities of Federal Home Loan Bank advances at December 31, 2013, were: | |||||
($ in thousands) | Debt | ||||
2014 | $ | 8,500 | |||
2015 | - | ||||
2016 | 2,500 | ||||
2017 | 2,500 | ||||
2018 and thereafter | 2,500 | ||||
Total | $ | 16,000 | |||
Trust_Preferred_Securities
Trust Preferred Securities | 12 Months Ended |
Dec. 31, 2013 | |
Trust Preferred Securities [Abstract] | ' |
Trust Preferred Securities | ' |
Note 14: Trust Preferred Securities | |
On September 15, 2005, RST II, a wholly-owned subsidiary of the Company, closed a pooled private offering of 10,000 Capital Securities with a liquidation amount of $1,000 per security. The proceeds of the offering were loaned to the Company in exchange for junior subordinated debentures with terms similar to the Capital Securities. The sole assets of RST II are the junior subordinated debentures of the Company and payments thereunder. The junior subordinated debentures and the back-up obligations, in the aggregate, constitute a full and unconditional guarantee by the Company of the obligations of RST II under the Capital Securities. Distributions on the Capital Securities are payable quarterly at an interest rate that changes quarterly and is based on the 3-month LIBOR and are included in interest expense in the consolidated financial statements. These securities are considered Tier 1 capital (with certain limitations applicable) under current regulatory guidelines. As of December 31, 2013 and 2012, the outstanding principal balance of the Capital Securities was $10,000,000. | |
On September 7, 2000, RST I, a wholly-owned subsidiary of the Company, closed a pooled private offering of 10,000 Capital Securities with a liquidation amount of $1,000 per security. The proceeds of the offering were loaned to the Company in exchange for junior subordinated debentures with terms similar to the Capital Securities. The sole assets of RST I are the junior subordinated debentures of the Company and payments thereunder. The junior subordinated debentures and the back-up obligations, in the aggregate, constitute a full and unconditional guarantee by the Company of the obligations of RST I under the Capital Securities. Distributions on the Capital Securities are payable semi-annually at the annual rate of 10.6 percent and are included in interest expense in the consolidated financial statements. These securities are considered Tier 1 capital (with certain limitations applicable) under current regulatory guidelines. As of December 31, 2013 and 2012, the outstanding principal balance of the Capital Securities was $10,000,000. | |
The junior subordinated debentures are subject to mandatory redemption, in whole or in part, upon repayment of the Capital Securities at maturity or their earlier redemption at the liquidation amount. Subject to the Company having received prior approval of the Federal Reserve, if then required, the Capital Securities are redeemable prior to the maturity date of September 7, 2030, at the option of the Company; on or after September 7, 2020 at par; or on or after September 7, 2010 at a premium; or upon occurrence of specific events defined within the trust indenture. |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Income Taxes [Abstract] | ' | ||||||||
Income Taxes | ' | ||||||||
Note 15: Income Taxes | |||||||||
The provision for income taxes includes these components: | |||||||||
($ in thousands) | For The Year Ended December | ||||||||
2013 | 2012 | ||||||||
Taxes currently payable | $ | 512 | $ | 71 | |||||
Deferred provision | 1,731 | 1,858 | |||||||
Income tax expense | $ | 2,243 | $ | 1,929 | |||||
A reconciliation of income tax expense at the statutory rate to the Company's actual income tax expense is shown below: | |||||||||
For The Year Ended December | |||||||||
($ in thousands) | 2013 | 2012 | |||||||
Computed at the statutory rate (34%) | $ | 2,532 | $ | 2,293 | |||||
Increase (decrease) resulting from | |||||||||
Tax exempt interest | (247 | ) | (233 | ) | |||||
BOLI Income | (112 | ) | (120 | ) | |||||
Other | 70 | (11 | ) | ||||||
Actual tax expense | $ | 2,243 | $ | 1,929 | |||||
The tax effects of temporary differences related to deferred taxes shown on the balance sheets are: | |||||||||
At December 31, | |||||||||
($ in thousands) | 2013 | 2012 | |||||||
Deferred tax assets | |||||||||
Allowance for loan losses | $ | 2,368 | $ | 2,316 | |||||
OREO Writedowns/Expense | 14 | 83 | |||||||
Accrued compensation and benefits | - | 458 | |||||||
Net deferred loan fees | 93 | 94 | |||||||
Mark to market adjustments | - | 267 | |||||||
Purchase accounting adjustments | - | 3 | |||||||
NOL carry over | 535 | 2,107 | |||||||
AMT credit carry over | 798 | 322 | |||||||
Other | 236 | 261 | |||||||
4,044 | 5,911 | ||||||||
Deferred tax liabilities | |||||||||
Depreciation | (1,031 | ) | (1,049 | ) | |||||
Mortgage servicing rights | (1,761 | ) | (1,284 | ) | |||||
Unrealized gains on available-for-sale securities | (38 | ) | (943 | ) | |||||
Purchase accounting adjustments | (1,149 | ) | (1,743 | ) | |||||
Prepaids | (248 | ) | (249 | ) | |||||
FHLB stock dividends | (466 | ) | (466 | ) | |||||
(4,693 | ) | (5,734 | ) | ||||||
Net deferred tax asset/(liability) | $ | (649 | ) | $ | 177 | ||||
The Net Operating Loss ("NOL") carry over of $1.6 million begins to expire in 2031. |
Regulatory_Matters
Regulatory Matters | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Regulatory Matters [Abstract] | ' | ||||||||||||||||||||||||
Regulatory Matters | ' | ||||||||||||||||||||||||
Note 16: Regulatory Matters | |||||||||||||||||||||||||
The Company and State Bank are subject to various regulatory capital requirements administered by the federal and state banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and State Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Furthermore, the Company’s and State Bank’s regulators could require adjustments to regulatory capital not reflected in these financial statements. | |||||||||||||||||||||||||
Quantitative measures established by regulation to ensure capital adequacy require the Company and State Bank to maintain minimum amounts and ratios (set forth in the table below) of total and Tier I capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier I capital (as defined) to average assets (as defined). Management believes, as of December 31, 2013, that the Company and State Bank exceeded all capital adequacy requirements to which they were subject. | |||||||||||||||||||||||||
As of December 31, 2013, the most recent notification to the regulators categorized State Bank as well-capitalized under the regulatory framework for prompt corrective action. To be categorized as well-capitalized, State Bank must maintain capital ratios as set forth in the table below. There are no conditions or events since that notification that management believes have changed State Bank’s status as well-capitalized. | |||||||||||||||||||||||||
The Company and State Bank’s actual capital amounts and ratios are presented in the following table. | |||||||||||||||||||||||||
Actual | For Capital | To Be Well-Capitalized | |||||||||||||||||||||||
Adequacy Purposes | Under Prompt Corrective | ||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
($ in thousands) | Amount | Ratio | Amount | Ratio | Amount | Ratio | |||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||
Total Capital | |||||||||||||||||||||||||
(to Risk-Weighted Assets) | |||||||||||||||||||||||||
Consolidated | $ | 64,872 | 13.4 | % | $ | 38,763 | 8 | % | $ | - | N/A | ||||||||||||||
State Bank | 60,843 | 12.5 | % | 38,930 | 8 | % | 48,662 | 10 | % | ||||||||||||||||
Tier 1 Capital | |||||||||||||||||||||||||
(to Risk-Weighted Assets) | |||||||||||||||||||||||||
Consolidated | 52,332 | 10.8 | % | 19,382 | 4 | % | - | N/A | |||||||||||||||||
State Bank | 54,749 | 11.3 | % | 19,465 | 4 | % | 29,197 | 6 | % | ||||||||||||||||
Tier 1 Capital | |||||||||||||||||||||||||
(to Average Assets) | |||||||||||||||||||||||||
Consolidated | 52,332 | 8.3 | % | 25,105 | 4 | % | - | N/A | |||||||||||||||||
State Bank | 54,749 | 8.8 | % | 24,899 | 4 | % | 31,124 | 5 | % | ||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||
Total Capital | |||||||||||||||||||||||||
(to Risk-Weighted Assets) | |||||||||||||||||||||||||
Consolidated | $ | 59,448 | 12.6 | % | $ | 37,799 | 8 | % | $ | - | N/A | ||||||||||||||
State Bank | 57,138 | 12.1 | % | 37,647 | 8 | % | 47,059 | 10 | % | ||||||||||||||||
Tier 1 Capital | |||||||||||||||||||||||||
(to Risk-Weighted Assets) | |||||||||||||||||||||||||
Consolidated | 45,854 | 9.7 | % | 18,935 | 4 | % | - | N/A | |||||||||||||||||
State Bank | 51,244 | 10.9 | % | 18,824 | 4 | % | 28,235 | 6 | % | ||||||||||||||||
Tier 1 Capital | |||||||||||||||||||||||||
(to Average Assets) | |||||||||||||||||||||||||
Consolidated | 45,854 | 7.4 | % | 24,763 | 4 | % | - | N/A | |||||||||||||||||
State Bank | 51,244 | 8.4 | % | 24,531 | 4 | % | 30,664 | 5 | % | ||||||||||||||||
Related_Party_Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions | ' |
Note 17: Related Party Transactions | |
Certain directors, executive officers and principal shareholders of the Company, including associates of such persons, are loan customers. The Company did not have loans aggregating $60,000 or more to any one related party for the years ended December 31, 2013 and 2012. | |
In management’s opinion, such loans and other extensions of credit and deposits were made in the ordinary course of business and were made on substantially the same terms (including interest rates and collateral) as those prevailing at the time for comparable transactions with other persons. Further, in management’s opinion, these loans did not involve more than normal risk of collectability or present other unfavorable features. | |
Deposits from related parties held by the Bank at December 31, 2013 and 2012, totaled $0.39 million and $0.87 million, respectively. |
Employee_Benefits
Employee Benefits | 12 Months Ended |
Dec. 31, 2013 | |
Employee Benefits [Abstract] | ' |
Employee Benefits | ' |
Note 18: Employee Benefits | |
The Company has instituted a long-term incentive program (LTI), with the objective of rewarding senior management with restricted shares of the Company. | |
The Company has retirement savings 401(k) plans covering substantially all employees. Employees contributing up to 4 percent of their compensation receive a Company match of 100 percent of the employee’s contribution. Employee contributions are vested immediately and the Company’s matching contributions are fully vested after three years of employment. Employer contributions charged to expense for 2013 and 2012 were $0.4 million and $0.4 million, respectively. | |
Also, the Company has Supplemental Executive Retirement Plan (“SERP”) Agreements with certain active and retired officers. The agreements provide monthly payments for up to 15 years that equal 15 percent to 25 percent of average compensation prior to retirement or death. The charges to expense for the current agreements were $0.1 million and $0.1 million for 2013 and 2012, respectively. | |
Additional life insurance is provided to certain officers through a bank-owned life insurance policy (“BOLI”). By way of a separate split-dollar agreement, the policy interests are divided between State Bank and the insured’s beneficiary. State Bank owns the policy cash value and a portion of the policy net death benefit, over and above the cash value assigned to the insured’s beneficiary. The cash surrender value of all life insurance policies totaled approximately $12.9 million at December 31, 2013, and $12.6 million at December 31, 2012. | |
The Company has a noncontributory employee stock ownership plan (“ESOP”) covering substantially all employees of the Company and its subsidiaries. Voluntary contributions are made by the Company to the plan. Each eligible employee is vested based upon years of service, including prior years of service. The Company’s contributions to the account of each employee become fully vested after three years of service. | |
Benefit expense for the value of the stock purchased is recorded equal to the fair market value of the stock when contributions, which are determined annually by the Board of Directors of the Company, are made to the ESOP. Allocated shares in the ESOP at December 31, 2013 and 2012, were 447,322 and 442,861, respectively. | |
Dividends on allocated shares are recorded as dividends and charged to retained earnings. Compensation expense is recorded equal to the fair market value of the stock when contributions, which are determined annually by the Board of Directors of the Company, are made to the ESOP. ESOP expense for the years ended December 31, 2013 and 2012 was $0.3 million and $0.4 million, respectively. | |
Share_Based_Compensation_Plan
Share Based Compensation Plan | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Share Based Compensation Plan [Abstract] | ' | ||||||||||||||||
Share Based Compensation Plan | ' | ||||||||||||||||
Note 19: Share Based Compensation Plan | |||||||||||||||||
On March 12, 2007, the Company's share-based compensation plan, the 1997 Stock Option Plan (the "1997 Plan") expired in accordance with its terms. In April 2008, the shareholders approved a new share-based incentive compensation plan, the SB Financial Group, Inc. 2008 Stock Incentive Plan (the "2008 Plan"). | |||||||||||||||||
The 2008 Plan permits the grant or award of incentive stock options, nonqualified stock options, stock appreciation rights ("SARs"), and restricted stock for up to 250,000 Common Shares of the Company. | |||||||||||||||||
The 2008 Plan is intended to advance the interests of the Company and its shareholders by offering employees, directors and advisory board members of the Company and its subsidiaries an opportunity to acquire or increase their ownership interest in the Company through grants of equity-based awards. The 2008 Plan permits equity-based Awards to be used to attract, motivate, reward and retain highly competent individuals upon whose judgment, initiative, leadership and efforts are key to the success of the Company by encouraging those individuals to become shareholders of the Company. | |||||||||||||||||
Option awards are generally granted with an exercise price equal to the market price of the Company’s stock at the date of grant, and those option awards generally vest based on 5 years of continuous service and have 10-year contractual terms. | |||||||||||||||||
The compensation cost charged against income for both the 1997 and 2008 Plans was $0.1 million and $0.1 million for 2013 and 2012, respectively. The total income tax benefit recognized in the income statement for share-based compensation arrangements was $0.02 million and $0.02 million for 2013 and 2012, respectively. | |||||||||||||||||
The fair value of each option award was estimated on the date of grant using the Black-Scholes valuation model. No options were granted in either 2013 or 2012. | |||||||||||||||||
On February 5, 2013, the Company adopted a Long Term Incentive (LTI) Plan. The Plan awards restricted stock in the Company to certain key executives. These restricted stock awards vest over a four-year period and will assist the Company in retention of key executives. During 2013, the Company met certain performance targets and restricted stock awards were approved by the Board. | |||||||||||||||||
A summary of option activity under the Company’s plans as of December 31, 2013, and changes during the year then ended, is presented below: | |||||||||||||||||
2013 | |||||||||||||||||
Shares | Weighted- | Weighted- | Aggregate | ||||||||||||||
Average | Average | Intrinsic Value | |||||||||||||||
Exercise Price | Remaining | ||||||||||||||||
Contractual | |||||||||||||||||
Term | |||||||||||||||||
Outstanding, beginning of year | 299,349 | $ | 9.86 | ||||||||||||||
Granted | - | - | |||||||||||||||
Exercised | 7,850 | 6.98 | |||||||||||||||
Forfeited | 64,779 | 12.46 | |||||||||||||||
Expired | - | - | |||||||||||||||
Outstanding, end of year | 226,720 | 9.24 | 2.63 | $ | 141,611 | ||||||||||||
Exercisable, end of year | 177,720 | 9.87 | 3.91 | $ | 88,712 | ||||||||||||
As of December 31, 2013, there was $0.04 million of total unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the 2008 Plan. That cost is expected to be recognized over a weighted-average period of 1.15 years. | |||||||||||||||||
A summary of restricted stock activity under the Company’s plan as of December 31, 2013 is presented below: | |||||||||||||||||
2013 | Shares | Weighted-Average Grant-Date Fair Value | |||||||||||||||
Nonvested, beginning of year | - | - | |||||||||||||||
Granted | 12,400 | $ | 93,000 | ||||||||||||||
Vested | - | - | |||||||||||||||
Forfeited | - | - | |||||||||||||||
Nonvested, end of year | 12,400 | $ | 93,000 | ||||||||||||||
As of December 31, 2013 and 2012, there was $0.07 million and $0.0 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the restricted stock Long Term Incentive (LTI) plan. | |||||||||||||||||
Earnings_Per_Share
Earnings Per Share | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Earnings Per Share | ' | ||||||||||||
Note 20: Earnings Per Share | |||||||||||||
Earnings per share (EPS) for the years ended December 31, 2013 and 2012 is computed as follows: | |||||||||||||
2013 | |||||||||||||
($ in thousands) | Income | Weighted-Average Shares (000's) | Per Share Amount | ||||||||||
Basic earnings per share | |||||||||||||
Net income available to common shareholders | $ | 5,205 | 4,870 | $ | 1.07 | ||||||||
Effect of dilutive securities | |||||||||||||
Stock options | - | 12 | |||||||||||
Diluted earnings per share | |||||||||||||
Net income available to common shareholders and assumed conversions | $ | 5,205 | 4,882 | $ | 1.07 | ||||||||
Options to purchase 95,070 common shares at $11.50 to $14.15 per share were outstanding at December 31, 2013, but were not included in the computation of diluted EPS because the options' exercise prices were greater than the average market price of the common shares. | |||||||||||||
2012 | |||||||||||||
($ in thousands) | Income | Weighted-Average Shares (000's) | Per Share Amount | ||||||||||
Basic earnings per share | |||||||||||||
Net income available to common shareholders | $ | 4,814 | 4,862 | $ | 0.99 | ||||||||
Effect of dilutive securities | |||||||||||||
Stock options | - | - | |||||||||||
Diluted earnings per share | |||||||||||||
Net income available to common shareholders and assumed conversions | $ | 4,814 | 4,862 | $ | 0.99 | ||||||||
Options to purchase 299,349 common shares at $6.66 to $14.15 per share were outstanding at December 31, 2012, but were not included in the computation of diluted EPS because the options' exercise prices were greater than the average market price of the common shares. |
Leases
Leases | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Leases [Abstract] | ' | ||||
Leases | ' | ||||
Note 21: Leases | |||||
The Company’s subsidiaries, The State Bank and Trust Company and RDSI Banking Systems, have several non-cancellable operating leases for business use that expire over the next ten years. These leases generally contain renewal options for periods of five years and require the lessee to pay all executory costs such as taxes, maintenance and insurance. Aggregate rental expense for these leases was $0.45 million, and $0.46 million for the years ended December 31, 2013, and 2012, respectively. | |||||
Future minimum lease payments under operating leases are: | |||||
($ in thousands) | |||||
2014 | $ | 310 | |||
2015 | 95 | ||||
2016 | 100 | ||||
2017 | 86 | ||||
2018 | 77 | ||||
Thereafter | 77 | ||||
Total minimum lease payments | $ | 745 | |||
Disclosures_About_Fair_Value_o
Disclosures About Fair Value of Assets and Liabilities | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Disclosures About Fair Value Of Assets and Liabilities [Abstract] | ' | ||||||||||||||||
Disclosures About Fair Value of Assets and Liabilities | ' | ||||||||||||||||
Note 22: Disclosures About Fair Value of Assets and Liabilities | |||||||||||||||||
ASC 820 defines fair value as 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. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes 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, inputs used for assets measured at fair value on a recurring basis, recognized in the accompanying balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. | |||||||||||||||||
Available-for-Sale Securities | |||||||||||||||||
The fair value 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. government agencies, mortgage-backed securities and obligations of political and state subdivisions. 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 securities measured at fair value on a recurring basis and the level within ASC 820 fair value hierarchy in which the fair value measurements fell at December 31, 2013 and 2012: | |||||||||||||||||
Fair Value Measurements Using: | |||||||||||||||||
($ in thousands) | Fair Values at | ||||||||||||||||
Available-for-Sale Securities: | 12/31/13 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
U.S. Treasury and Government Agencies | $ | 11,300 | $ | - | $ | 11,300 | $ | - | |||||||||
Mortgage-backed securities | 57,223 | - | 57,223 | - | |||||||||||||
State and political subdivisions | 18,155 | - | 18,155 | - | |||||||||||||
Money Market Mutual Fund | 3,092 | 3,092 | - | - | |||||||||||||
Equity securities | 23 | 23 | |||||||||||||||
Interest rate contracts - assets | 257 | 257 | |||||||||||||||
Interest rate contracts - liabilities | (257 | ) | (257 | ) | |||||||||||||
Fair Value Measurements Using: | |||||||||||||||||
($ in thousands) | Fair Values at | ||||||||||||||||
Available-for-Sale Securities: | 12/31/12 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
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 Fund | 2,155 | 2,155 | - | - | |||||||||||||
Equity securities | 23 | - | 23 | - | |||||||||||||
Interest rate contracts - assets | 254 | 254 | |||||||||||||||
Interest rate contracts - liabilities | (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 December 31, 2013 and 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 non-recurring basis and the level within the fair value hierarchy in which the fair value measurements fell at December 31, 2013 and 2012: | |||||||||||||||||
Fair Value Measurements Using: | |||||||||||||||||
($ in thousands) | Fair Values at | ||||||||||||||||
Description | 12/31/13 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
Impaired loans | $ | 3,540 | $ | - | $ | - | $ | 3,540 | |||||||||
Mortgage Servicing Rights | 2,029 | - | - | 2,029 | |||||||||||||
Foreclosed Assets | 45 | - | - | 45 | |||||||||||||
Fair Value Measurements Using: | |||||||||||||||||
($ in thousands) | Fair Values at | ||||||||||||||||
Description | 12/31/12 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
Impaired loans | $ | 2,227 | $ | - | $ | - | $ | 2,227 | |||||||||
Mortgage Servicing Rights | 3,775 | - | - | 3,775 | |||||||||||||
Foreclosed Assets | 950 | - | - | 950 | |||||||||||||
Level 1 - Quoted Prices in Active Markets for Identical Assets | |||||||||||||||||
Level 2 - Significant Other Observable Inputs | |||||||||||||||||
Level 3 - Significant Unobservable Inputs | |||||||||||||||||
Unobservable (Level 3) Inputs | |||||||||||||||||
The following tables present quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements at December 31, 2013 and 2012: | |||||||||||||||||
($ in thousands) | Fair Value | Valuation | Unobservable | Range | |||||||||||||
at 12/31/2013 | Technique | Inputs | (Weighted Average) | ||||||||||||||
Collateral-dependent impaired loans | $ | 3,540 | Market comparable properties | Comparability adjustments (%) | Not available | ||||||||||||
Mortgage servicing rights | 2,029 | Discounted cash flow | Discount Rate | 10.25 | % | ||||||||||||
Constant prepayment rate | 8.5 | % | |||||||||||||||
P&I earnings credit | 0.17 | % | |||||||||||||||
T&I earnings credit | 1.54 | % | |||||||||||||||
Inflation for cost of servicing | 1.5 | % | |||||||||||||||
Foreclosed asset | 45 | Market comparable properties | Marketability discount | 10 | % | ||||||||||||
($ in thousands) | Fair Value | Valuation | Unobservable | Range | |||||||||||||
at 12/31/2012 | Technique | Inputs | (Weighted Average) | ||||||||||||||
Collateral-dependent impaired loans | $ | 2,227 | Market comparable properties | Comparability adjustments (%) | Not available | ||||||||||||
Foreclosed asset | 950 | Market comparable properties | Marketability discount | 10 | % | ||||||||||||
Mortgage servicing rights | 3,755 | 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 | % | |||||||||||||||
The mortgage servicing rights portfolio is measured for fair value by an independent third party. The valuation of the portfolio hinges on a number of quantitative factors. These factors include, but are not limited to, a discount rate applied to the cash flows, and an assumption of future principle prepayments. The prepayment assumptions are based upon the historical performance of the Company’s portfolio as well as market metrics. With the rise in interest rates during 2013, the mortgage servicing rights have increased in value. The servicing rights have had a decline in prepayments and the 1.75% increase in the discount rate reflects the rise in market rates. There were no changes in the inputs or methodologies used to determine fair value at December 31, 2013 as compared to December 31, 2012. | |||||||||||||||||
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, net, is based on estimates of the rate State Bank would charge for similar loans at December 31, 2013 and 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, Repurchase Agreements, 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 December 31, 2013 and 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 December 31, 2013 and 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. | |||||||||||||||||
The following table presents estimated fair values of the Company’s financial instruments. 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. | |||||||||||||||||
31-Dec-13 | Carrying | Fair Value Measurments Using | |||||||||||||||
$'s in thousands | Amount | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
Financial assets | |||||||||||||||||
Cash and cash equivalents | $ | 13,137 | $ | 13,137 | $ | - | $ | - | |||||||||
Loans held for sale | 3,366 | - | 3,476 | - | |||||||||||||
Loans, net of allowance for loan losses | 470,339 | - | - | 469,505 | |||||||||||||
Federal Reserve and FHLB Bank stock, at cost | 3,748 | - | 3,748 | - | |||||||||||||
Mortgage Servicing Rights | 5,180 | - | - | 6,237 | |||||||||||||
Accrued interest receivable | 1,281 | - | 1,281 | - | |||||||||||||
Financial liabilities | |||||||||||||||||
Deposits | $ | 518,234 | $ | 81,570 | $ | 439,273 | $ | - | |||||||||
Repurchase agreements | 14,696 | - | 14,696 | - | |||||||||||||
Notes payable | 589 | - | 600 | - | |||||||||||||
FHLB advances | 16,000 | - | 15,955 | - | |||||||||||||
Trust preferred securities | 20,620 | - | 15,566 | - | |||||||||||||
Accrued interest payable | 639 | - | 639 | - | |||||||||||||
31-Dec-12 | Carrying | Fair Value Measurments 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, at cost | 3,748 | - | 3,748 | - | |||||||||||||
Mortgage Servicing Rights | 3,775 | - | - | 4,329 | |||||||||||||
Accrued interest receivable | 1,235 | - | 1,235 | - | |||||||||||||
Financial liabilities | |||||||||||||||||
Deposits | $ | 527,001 | $ | 77,799 | $ | 452,298 | $ | - | |||||||||
Repurchase agreements | 10,333 | - | 10,333 | - | |||||||||||||
Notes payable | 1,702 | - | 1,731 | - | |||||||||||||
FHLB advances | 21,000 | - | 21,274 | - | |||||||||||||
Trust preferred securities | 20,620 | - | 7,353 | - | |||||||||||||
Accrued interest payable | 138 | - | 138 | - |
Commitments_and_Credit_Risk
Commitments and Credit Risk | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Commitments and Credit Risk [Abstract] | ' | ||||||||
Commitments and Credit Risk | ' | ||||||||
Note 23: Commitments and Credit Risk | |||||||||
State Bank grants commercial, agri-business, consumer and residential loans to customers throughout the states of Ohio, Indiana, and Michigan. Although State Bank has a diversified loan portfolio, agricultural loans comprised approximately 8% and 9% of the portfolio as of December 31, 2013 and 2012, respectively. | |||||||||
Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since a portion of the commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Each customer’s creditworthiness is evaluated on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management’s credit evaluation of the customer. Collateral held varies, but may include accounts receivable, inventory, property, plant and equipment, commercial real estate and residential real estate. | |||||||||
Standby letters of credit are conditional commitments issued by State Bank to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing and similar transactions. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. | |||||||||
Forward sale commitments are commitments to sell groups of residential mortgage loans that the Company originates or purchases as part of its mortgage banking activities. The Company commits to sell the loans at specified prices in a future period, typically within forty-five days. These commitments are acquired to reduce market risk on mortgage loans in the process of origination and mortgage loans held for sales since the Company is exposed to interest rate risk during the period between issuing a loan commitment and the sales of the loan into the secondary market. At December 31, 2013, the Company had approximately $6.8 million in forward rate commitments to sell residential mortgage loans. | |||||||||
Lines of credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Lines of credit generally have fixed expiration dates. Since a portion of the line may expire without being drawn upon, the total unused lines do not necessarily represent future cash requirements. Each customer’s creditworthiness is evaluated on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management’s credit evaluation of the customer. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment, commercial real estate and residential real estate. Management uses the same credit policies in granting lines of credit as it does for on-balance-sheet instruments. | |||||||||
($ in thousands) | 2013 | 2012 | |||||||
Loan commitments and unused lines of credit | $ | 93,286 | $ | 81,399 | |||||
Standby letters of credit | 1,021 | 5,698 | |||||||
Total | $ | 94,307 | $ | 87,097 | |||||
There are various contingent liabilities that are not reflected in the consolidated financial statements, including claims and legal actions arising in the ordinary course of business. In the opinion of management, after consultation with legal counsel, the ultimate disposition of these matters is not expected to have a material effect on the Company’s consolidated financial condition or results of operations. | |||||||||
Salary continuation agreements with certain executive officers contain provisions regarding certain events leading to separation from the Company, before the executive officer’s normal retirement date, which could result in cash payments in excess of amounts accrued. |
Condensed_Financial_Informatio
Condensed Financial Information (Parent Company Only) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Condensed Financial Information (Parent Company Only) [Abstract] | ' | ||||||||
Condensed Financial Information (Parent Company Only) | ' | ||||||||
Note 24: Condensed Financial Information (Parent Company Only) | |||||||||
Presented below is condensed financial information as to financial position, results of operations and cash flows of the Company: | |||||||||
Condensed Balance Sheets | |||||||||
2013 | 2012 | ||||||||
($ in thousands) | |||||||||
Assets | |||||||||
Cash and cash equivalents | $ | 6,353 | $ | 601 | |||||
Investment in common stock of banking subsidiaries | 72,391 | 71,136 | |||||||
Investment in nonbanking subsidiaries | 1,237 | 1,427 | |||||||
Other assets | 270 | 2,164 | |||||||
Total assets | $ | 80,251 | $ | 75,328 | |||||
Liabilities | |||||||||
Trust preferred securities | $ | 20,000 | $ | 20,000 | |||||
Borrowings from nonbanking subsidiaries | 620 | 620 | |||||||
Notes Payable | - | 750 | |||||||
Other liabilities & accrued interest payable | 3,362 | 838 | |||||||
Total liabilities | 23,982 | 22,208 | |||||||
Stockholders' Equity | 56,269 | 53,120 | |||||||
Total liabilities and stockholders' equity | $ | 80,251 | $ | 75,328 | |||||
Condensed Statements of Income and Comprehensive Income | |||||||||
2013 | 2012 | ||||||||
($ in thousands) | |||||||||
Income | |||||||||
Dividends from subsidiaries: | |||||||||
Banking subsidiaries | $ | 4,000 | $ | 4,600 | |||||
Nonbanking subsidiaries | 186 | 119 | |||||||
Total | 4,186 | 4,719 | |||||||
Other income | 21 | 264 | |||||||
Total income | 4,207 | 4,983 | |||||||
Expenses | |||||||||
Interest expense | 1,407 | 1,881 | |||||||
Other expense | 938 | 1,269 | |||||||
Total expenses | 2,345 | 3,150 | |||||||
Income before income tax and equity in undistributed income of subsidiaries | 1,862 | 1,833 | |||||||
Income tax benefit | (790 | ) | (987 | ) | |||||
Income before equity in undistributed income of subsidiaries | 2,652 | 2,820 | |||||||
Equity in undistributed income of subsidiaries | |||||||||
Banking subsidiaries | 3,081 | 1,832 | |||||||
Nonbanking subsidiaries | (364 | ) | 304 | ||||||
Total | 2,717 | 2,136 | |||||||
Net income | $ | 5,369 | $ | 4,956 | |||||
Comprehensive income | $ | 3,449 | $ | 5,301 | |||||
In December of 2011, the Company executed a transaction between two of its affiliates that was offset in the Parent Company financial statements. The transaction in the amount of $0.31 million involved the transfer of assets that were valued at less than the affiliate’s carrying value of the assets. Due to the assets remaining in the Company and for the purposes initially intended the loss was offset at the parent level. In 2013, the net effect of this transaction was a reduction in income of $0.14 million. | |||||||||
Condensed Statements of Cash Flows | |||||||||
($ in thousands) | 2013 | 2012 | |||||||
Operating Activities | |||||||||
Net income | $ | 5,369 | $ | 4,956 | |||||
Items not requiring (providing) cash | |||||||||
Equity in undistributed net income of subsidiaries | (2,717 | ) | (2,136 | ) | |||||
Expense of stock option plan | 64 | 51 | |||||||
Other assets | 1,894 | 560 | |||||||
Other liabilities | 2,523 | (2,625 | ) | ||||||
Net cash provided by operating activities | 7,133 | 806 | |||||||
Investing Activities | |||||||||
Increase in Notes Receivable | - | 2,000 | |||||||
Investment in Subsidiary | (103 | ) | (2,613 | ) | |||||
Net cash used in investing activities | (103 | ) | (613 | ) | |||||
Financing Activities | |||||||||
Dividends on Common Stock | (586 | ) | - | ||||||
Proceeds from stock options | 58 | - | |||||||
Repayment of Notes Payable | (750 | ) | (750 | ) | |||||
Net cash used in financing activities | (1,278 | ) | (750 | ) | |||||
Net Change in Cash and Cash Equivalents | 5,752 | (557 | ) | ||||||
Cash and Cash Equivalents at Beginning of Year | 601 | 1,158 | |||||||
Cash and Cash Equivalents at End of Year | $ | 6,353 | $ | 601 | |||||
Segment_Information
Segment Information | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Segment Information [Abstract] | ' | ||||||||||||||||||||||||
Segment Information | ' | ||||||||||||||||||||||||
Note 25: 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. | |||||||||||||||||||||||||
Data | Total | Intersegment | Consolidated | ||||||||||||||||||||||
2013 | Banking | Processing | Other | Segments | Elimination | Totals | |||||||||||||||||||
($ in 000's) | |||||||||||||||||||||||||
Income Statement information: | |||||||||||||||||||||||||
Net interest income (expense) | $ | 22,266 | $ | (47 | ) | $ | (1,406 | ) | $ | 20,813 | $ | - | $ | 20,813 | |||||||||||
Other revenue - external customers | 12,662 | 1,501 | - | 14,163 | - | 14,163 | |||||||||||||||||||
Other revenue - other segments | 295 | 836 | 21 | 1,152 | (1,269 | ) | (117 | ) | |||||||||||||||||
Net interest income and other revenue | 35,223 | 2,290 | (1,385 | ) | 36,128 | (1,269 | ) | 34,859 | |||||||||||||||||
Non-interest expense | 24,135 | 2,570 | 938 | 27,643 | (1,132 | ) | 26,511 | ||||||||||||||||||
Significant noncash items: | |||||||||||||||||||||||||
Depreciation and amortization | 970 | 114 | 5 | 1,089 | - | 1,089 | |||||||||||||||||||
Provision for loan losses | 900 | - | - | 900 | - | 900 | |||||||||||||||||||
Income tax expense (benefit) | 3,128 | (95 | ) | (790 | ) | 2,243 | - | 2,243 | |||||||||||||||||
Segment profit (loss) | $ | 7,060 | $ | (185 | ) | $ | (1,533 | ) | $ | 5,342 | $ | (137 | ) | $ | 5,205 | ||||||||||
Balance sheet information: | |||||||||||||||||||||||||
Total assets | $ | 631,708 | $ | 1,658 | $ | 78,293 | $ | 711,659 | $ | (79,905 | ) | $ | 631,754 | ||||||||||||
Goodwill and intangibles | 17,008 | - | - | 17,008 | - | 17,008 | |||||||||||||||||||
Premises and equipment expenditures | 1,144 | 8 | - | 1,152 | - | 1,152 | |||||||||||||||||||
Data | Total | Intersegment | Consolidated | ||||||||||||||||||||||
2012 | Banking | Processing | Other | Segments | Elimination | Totals | |||||||||||||||||||
($ in 000's) | |||||||||||||||||||||||||
Income Statement information: | |||||||||||||||||||||||||
Net interest income (expense) | $ | 22,760 | $ | (114 | ) | $ | (1,881 | ) | $ | 20,765 | $ | (33 | ) | $ | 20,732 | ||||||||||
Other revenue - external customers | 12,427 | 2,294 | 19 | 14,740 | - | 14,740 | |||||||||||||||||||
Other revenue - other segments | 289 | 1,537 | 245 | 2,071 | (1,966 | ) | 105 | ||||||||||||||||||
Net interest income and other revenue | 35,476 | 3,717 | (1,617 | ) | 37,576 | (1,999 | ) | 35,577 | |||||||||||||||||
Non-interest expense | 24,974 | 3,345 | 1,270 | 29,589 | (2,104 | ) | 27,484 | ||||||||||||||||||
Significant noncash items: | |||||||||||||||||||||||||
Depreciation and amortization | 942 | 280 | 10 | 1,232 | - | 1,232 | |||||||||||||||||||
Fixed asset and software impairment | 65 | - | - | 65 | - | 65 | |||||||||||||||||||
Provision for loan losses | 1,350 | - | - | 1,350 | - | 1,350 | |||||||||||||||||||
Income tax expense (benefit) | 2,719 | 198 | (988 | ) | 1,929 | - | 1,929 | ||||||||||||||||||
Segment profit (loss) | $ | 6,434 | $ | 384 | $ | (1,899 | ) | $ | 4,709 | $ | 105 | $ | 4,814 | ||||||||||||
Balance sheet information: | |||||||||||||||||||||||||
Total assets | $ | 633,353 | $ | 2,250 | $ | 75,328 | $ | 710,931 | $ | (72,697 | ) | $ | 638,234 | ||||||||||||
Goodwill and intangibles | 17,572 | - | - | 17,572 | - | 17,572 | |||||||||||||||||||
Premises and equipment expenditures | 831 | 2 | - | 833 | - | 833 | |||||||||||||||||||
Quarterly_Financial_Informatio
Quarterly Financial Information (Unaudited) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Information (Unaudited) [Abstract] | ' | ||||||||||||||||
Quarterly Financial Information (Unaudited) | ' | ||||||||||||||||
Note 26: Quarterly Financial Information (Unaudited) | |||||||||||||||||
The following tables summarize selected quarterly results of operations for 2013 and 2012. | |||||||||||||||||
31-Dec-13 | March | June | September | December | |||||||||||||
($ in thousands) | |||||||||||||||||
Interest income | $ | 6,407 | $ | 6,360 | $ | 6,146 | $ | 5,935 | |||||||||
Interest expense | 1,115 | 1,010 | 971 | 939 | |||||||||||||
Net interest income | 5,292 | 5,350 | 5,175 | 4,996 | |||||||||||||
Provision for loan losses | 299 | 200 | 401 | - | |||||||||||||
Non-interest income | 3,567 | 3,820 | 3,710 | 2,949 | |||||||||||||
Non-interest expense | 6,670 | 7,080 | 6,562 | 6,199 | |||||||||||||
Income tax expense | 572 | 571 | 578 | 522 | |||||||||||||
Net income | $ | 1,318 | $ | 1,319 | $ | 1,344 | $ | 1,224 | |||||||||
Earnings per share | |||||||||||||||||
Basic | $ | 0.27 | $ | 0.27 | $ | 0.28 | $ | 0.25 | |||||||||
Diluted | 0.27 | 0.27 | 0.28 | 0.25 | |||||||||||||
Dividends per share | - | 0.055 | 0.03 | 0.035 | |||||||||||||
31-Dec-12 | March | June | September | December | |||||||||||||
($ in thousands) | |||||||||||||||||
Interest income | $ | 6,497 | $ | 6,610 | $ | 6,666 | $ | 6,349 | |||||||||
Interest expense | 1,672 | 1,342 | 1,232 | 1,194 | |||||||||||||
Net interest income | 4,875 | 5,268 | 5,434 | 5,155 | |||||||||||||
Provision for loan losses | 450 | 200 | 300 | 400 | |||||||||||||
Non-interest income | 3,581 | 3,208 | 3,408 | 4,648 | |||||||||||||
Non-interest expense | 6,676 | 6,871 | 6,725 | 7,212 | |||||||||||||
Income tax expense | 358 | 391 | 513 | 667 | |||||||||||||
Net income | $ | 972 | $ | 1,014 | $ | 1,304 | $ | 1,524 | |||||||||
Earnings per share | |||||||||||||||||
Basic | $ | 0.2 | $ | 0.21 | $ | 0.27 | $ | 0.31 | |||||||||
Diluted | 0.2 | 0.21 | 0.27 | 0.31 | |||||||||||||
Dividends per share | - | - | - | - |
Organization_and_Summary_of_Si1
Organization and Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Organization and Summary of Significant Accounting Policies [Abstract] | ' |
Principles of Consolidation | ' |
Principles of Consolidation | |
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. | |
Use of Estimates | ' |
Use of Estimates | |
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, loan servicing rights, valuation of deferred tax assets, other-than-temporary impairment (OTTI) and fair value of financial instruments. | |
Cash Equivalents | ' |
Cash Equivalents | |
The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. At December 31, 2013 and 2012, cash equivalents consisted primarily of interest-bearing and non-interest bearing demand deposit balances held by correspondent banks. | |
Securities | ' |
Securities | |
Available-for-sale securities, which include any security for which the Company has no immediate plan to sell but which may be sold in the future, are carried at fair value. Unrealized gains and losses are recorded, net of related income tax effects, in other comprehensive income. | |
Amortization of premiums and accretion of discounts are recorded as interest income from securities. Realized gains and losses are recorded as net security gains (losses). Gains and losses on sales of securities are determined on the specific-identification method. | |
For debt securities with fair value below carrying value when the Company does not intend to sell the debt security, and it is more likely than not the Company will not have to sell the security before recovery of its cost basis, the Company recognizes the credit component of an other-than-temporary impairment of the debt security in earnings and the remaining portion in other comprehensive income. | |
Mortgage Loans Held for Sale | ' |
Mortgage Loans Held for Sale | |
Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to non-interest income. Gains and losses on loan sales are recorded in non-interest income. | |
Loans | ' |
Loans | |
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, loans are placed on non-accrual status not later than 90 days past due. Past due status is based on contractural terms of loan. 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. | |
Allowance for Loan Losses | ' |
Allowance for Loan Losses | |
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. | |
Premises and Equipment | ' |
Premises and Equipment | |
Depreciable assets are stated at cost less accumulated depreciation. Depreciation is charged to expense using the straight-line method for buildings and equipment over the estimated useful lives of the assets. Leasehold improvements are capitalized and depreciated using the straight-line method over the terms of the respective leases. | |
Long-lived Asset Impairment | ' |
Long-lived Asset Impairment | |
The Company evaluates the recoverability of the carrying value of long-lived assets whenever events or circumstances indicate the carrying amount may not be recoverable. If a long-lived asset is tested for recoverability and the undiscounted estimated future cash flows expected to result from the use and eventual disposition of the asset is less than the carrying amount of the asset, the asset’s cost is adjusted to fair value and an impairment loss is recognized as the amount by which the carrying amount of a long-lived asset exceeds its fair value. | |
A fixed asset and software impairment of $0.0 million and $0.1 million was recognized during the years ended December 31, 2013 and 2012, respectively. | |
Federal Reserve and Federal Home Loan Bank Stock | ' |
Federal Reserve and Federal Home Loan Bank Stock | |
Federal Reserve and Federal Home Loan Bank stock are required investments for institutions that are members of the Federal Reserve and Federal Home Loan Bank systems. The required investment in the common stock is based on a predetermined formula, carried at cost and evaluated for impairment. | |
Foreclosed Assets Held for Sale | ' |
Foreclosed Assets Held for Sale | |
Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of the carrying amount or the fair value less cost to sell. Revenue and expenses from operations related to foreclosed assets and changes in the valuation allowance are included in net income or expense from foreclosed assets. | |
Goodwill | ' |
Goodwill | |
Goodwill is tested for impairment annually. If the implied fair value of goodwill is lower than its carrying amount, goodwill impairment is indicated and goodwill is written down to its implied fair value. | |
Intangible Assets | ' |
Intangible Assets | |
Intangible assets are being amortized on a straight-line basis over weighted-average periods ranging from one to fifteen years. Such assets are periodically evaluated as to the recoverability of their carrying value. Purchased software is being amortized using the straight-line method over periods ranging from one to three years. | |
Derivatives | ' |
Derivatives | |
Derivatives are recognized as assets and liabilities on the consolidated balance sheet and measured at fair value. For exchange-traded contracts, fair value is based on quoted market prices. For non-exchange traded contracts, fair value is based on dealer quotes, pricing models, discounted cash flow methodologies or similar techniques for which the determination of fair value may require significant management judgment or estimation. | |
Mortgage Servicing Rights | ' |
Mortgage Servicing Rights | |
Mortgage servicing assets are recognized separately when rights are acquired through purchase or through sale of financial assets. Under the servicing assets and liabilities accounting guidance (ASC 806-50), servicing rights from the sale or securitization of loans originated by the Company are initially measured at fair value at the date of transfer. The Company subsequently measures each class of servicing asset using the amortization method. Under the amortization method, servicing rights are amortized in proportion to and over the period of estimated net servicing income. The amortized assets are assessed for impairment based on fair value at each reporting date. | |
Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost of service, the discount rate, the custodial earning rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. These variables change from quarter to quarter as market conditions and projected interest rates change, and may have an adverse impact on the value of the mortgage servicing right and may result in a reduction to noninterest income. | |
Each class of separately recognized servicing assets subsequently measured using the amortization method is evaluated and measured for impairment. Impairment is determined by stratifying rights into tranches based on predominant characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual tranche, to the extent that fair value is less than the carrying amount of the servicing assets for that tranche. The valuation allowance is adjusted to reflect changes in the measurement of impairment after the initial measurement of impairment. Changes in valuation allowances are reported with “Mortgage Loan Servicing Fees, net” on the income statement. Fair value in excess of the carrying amount of servicing assets for that stratum is not recognized. | |
Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. The amortization of mortgage servicing rights is netted against loan servicing fee income. | |
Share-Based Employee Compensation Plan | ' |
Share-Based Employee Compensation Plan | |
At December 31, 2013 and 2012, the Company had a share-based employee compensation plan, which is described more fully in Note 19. | |
Transfers of Financial Assets | ' |
Transfers of Financial Assets | |
Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company – put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before the maturity or the ability to unilaterally cause the holder to return specific assets. | |
Income Taxes | ' |
Income Taxes | |
The Company accounts for income taxes in accordance with income tax accounting guidance (ASC 740, Income Taxes). The income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. | |
Uncertain tax positions are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the term “upon examination” also includes resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to management’s judgment. | |
The Company recognizes interest and penalties on income taxes as a component of income tax expense. | |
The Company files consolidated income tax returns with its subsidiaries. With a few exceptions, the Company is no longer subject to U.S. Federal, State and Local examinations by tax authorities for the years before 2010. As of December 31, 2013, the Company had no uncertain income tax positions. | |
Treasury Shares | ' |
Treasury Shares | |
Treasury stock is stated at cost. Cost is determined by the weighted average cost method. | |
Earnings Per Share | ' |
Earnings Per Share | |
Basic earnings per share represent income available to common stockholders divided by the weighted-average number of common shares outstanding during each period. Diluted earnings per share reflect additional potential common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate solely to outstanding stock options and are determined using the treasury stock method. Treasury stock shares are not deemed outstanding for earnings per share calculations. | |
Comprehensive Income | ' |
Comprehensive Income | |
Comprehensive income consists of net income and other comprehensive income, net of applicable income taxes. Other comprehensive income includes unrealized appreciation (depreciation) on available-for-sale securities, and unrealized and realized gains and losses in derivative financial instruments that qualify for hedge accounting. | |
New Accounting Pronouncements | ' |
Accounting Standards Update (ASU) No. 2014-04, Receivables (Topic 310): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. | |
The ASU clarifies that an in substance repossession or foreclosure occurs upon either the creditor obtaiing legal title to the residential real estate property or the borrower conveying all interest in the restidential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The amendments are effective for annual periods, and interim reporting periods within those annual periods, beginning after December 15, 2014. The amendments may be adopted using either a modified retrospective transition method or a prospective transition method. Early adoption is permitted. Management does not believe the amendments will have a material impact on the Company’s Consolidated Financial Statements. | |
ASU No. 2014-02 (Topic 350) Intangibles – Goodwill and Other | |
The amendments in this Update allow an accounting alternative for the subsequent measurement of goodwill. An entity within the scope of the amendments that elects thte accounting alternative in this Update should amortize goodwill on a straight-line basis over 10 years, or less than 10 years if the entity demonstrates that another useful life is moer appropriate. An entity that elects the accounting alternative is further required to make an accounting policy election to test goodwill for impairment at either the entity level or the reporting unit level. Goodwill shoud be tested for impairment when a triggering event occurs that indicastes that the fair value of an entity (or a reporting unit) may be below its carrying amount. If the qualitative assessment indicates that it is not more likely than not that goodwill is impaired, further testing is unnecessary. Management does not believe the amendment will have a material impact on the Company’s Consolidated Financial Statements. | |
ASU No. 2013-12, Definition of a Public Business Entity | |
The objective of this standard will be to minimize the inconsistency and complexity of having multiple definitions of, or a diversity in practice as to what constitutes, a nonpublic entity and public entity within U.S. generally accepted accounting principles (GAAP) on a going-forward basis. Specifically, stakeholders asked that the Board clarify which nonpublic entities potentially qualify for alternative financial accounting and reporting guidance. This Update addresses those issues by defining public business entity. Management does not believe the amendment will have a material impact on the Company’s Consolidated Financial Statements. | |
ASU 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 | |
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. Management does not believe the amendment will have a material impact on the Company’s Consolidated Financial Statements. | |
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 ASU 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 ASU are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 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. |
AvailableforSale_Securities_Ta
Available-for-Sale Securities (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Securities [Abstract] | ' | ||||||||||||||||||||||||
Summary of amortized cost and approximate fair values of securities | ' | ||||||||||||||||||||||||
Gross | |||||||||||||||||||||||||
Amortized | Unrealized | Gross | |||||||||||||||||||||||
($ in thousands) | Cost | Gains | Losses | Fair Value | |||||||||||||||||||||
Available-for-Sale Securities: | |||||||||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
U.S. Treasury and Government agencies | $ | 11,305 | $ | 120 | $ | (125 | ) | $ | 11,300 | ||||||||||||||||
Mortgage-backed securities | 57,322 | 417 | (516 | ) | 57,223 | ||||||||||||||||||||
State and political subdivisions | 17,937 | 546 | (328 | ) | 18,155 | ||||||||||||||||||||
Money Market Mutual Fund | 3,092 | - | - | 3,092 | |||||||||||||||||||||
Equity securities | 23 | - | - | 23 | |||||||||||||||||||||
$ | 89,679 | $ | 1,083 | $ | (969 | ) | $ | 89,793 | |||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Amortized | Unrealized | Unrealized | |||||||||||||||||||||||
($ in thousands) | 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 Fund | 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 | ||||||||||||||||||||||||
($ in thousands) | Cost | Value | |||||||||||||||||||||||
Within one year | $ | - | $ | - | |||||||||||||||||||||
Due after one year through five years | 1,386 | 1,460 | |||||||||||||||||||||||
Due after five years through ten years | 10,980 | 11,042 | |||||||||||||||||||||||
Due after ten years | 16,876 | 16,953 | |||||||||||||||||||||||
29,242 | 29,455 | ||||||||||||||||||||||||
Mortgage-backed securities, money market mutual | |||||||||||||||||||||||||
fund & equity securities | 60,437 | 60,338 | |||||||||||||||||||||||
Totals | $ | 89,679 | $ | 89,793 | |||||||||||||||||||||
Summary of securities with unrealized losses | ' | ||||||||||||||||||||||||
Less than 12 Months | 12 Months or Longer | Total | |||||||||||||||||||||||
($ in thousands) | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | |||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
Available-for-Sale Securities: | |||||||||||||||||||||||||
U.S. Treasury and Government agencies | $ | 3,834 | $ | (125 | ) | $ | - | $ | - | $ | 3,834 | $ | (125 | ) | |||||||||||
Mortgage-backed securities | $ | 24,773 | $ | (410 | ) | $ | 2,333 | $ | (106 | ) | $ | 27,106 | $ | (516 | ) | ||||||||||
State and political subdivisions | 4,868 | (328 | ) | - | - | 4,868 | (328 | ) | |||||||||||||||||
$ | 33,475 | $ | (863 | ) | $ | 2,333 | $ | (106 | ) | $ | 35,808 | $ | (969 | ) | |||||||||||
Less than 12 Months | 12 Months or Longer | Total | |||||||||||||||||||||||
($ in thousands) | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | |||||||||||||||||||
December 31, 2012: | |||||||||||||||||||||||||
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) | 12 Months Ended | ||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||
Loans and Allowance For Loan Losses [Abstract] | ' | ||||||||||||||||||||||||||||
Summary of categories of loans | ' | ||||||||||||||||||||||||||||
Total Loans | Non-Accrual Loans | ||||||||||||||||||||||||||||
($ in thousands) | Dec. 2013 | Dec. 2012 | Dec. 2013 | Dec. 2012 | |||||||||||||||||||||||||
Commercial & Industrial | $ | 85,642 | $ | 81,767 | 2,316 | 1,246 | |||||||||||||||||||||||
Commercial RE & Construction | 205,301 | 201,392 | 532 | 782 | |||||||||||||||||||||||||
Agricultural & Farmland | 39,210 | 42,276 | - | - | |||||||||||||||||||||||||
Residential Real Estate | 99,620 | 87,859 | 1,651 | 2,631 | |||||||||||||||||||||||||
Home Equity & Consumer | 47,717 | 50,223 | 345 | 646 | |||||||||||||||||||||||||
Other | 87 | 148 | - | - | |||||||||||||||||||||||||
Total loans | 477,577 | 463,665 | $ | 4,844 | $ | 5,305 | |||||||||||||||||||||||
Less | |||||||||||||||||||||||||||||
Net deferred loan fees, premiums and discounts | (274 | ) | (276 | ) | |||||||||||||||||||||||||
Loans, net of unearned income | $ | 477,303 | $ | 463,389 | |||||||||||||||||||||||||
Allowance for loan losses | $ | (6,964 | ) | $ | (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 | ||||||||||||||||||||||
ALLOWANCE FOR LOAN AND LEASE LOSSES | |||||||||||||||||||||||||||||
For the Twelve Months Ended December 31, 2013 | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,561 | $ | 3,034 | $ | 186 | $ | 1,088 | $ | 839 | $ | 103 | $ | 6,811 | |||||||||||||||
Charge Offs | (1 | ) | (111 | ) | - | (264 | ) | (426 | ) | (17 | ) | $ | (819 | ) | |||||||||||||||
Recoveries | 18 | 17 | 4 | 21 | 11 | 1 | 72 | ||||||||||||||||||||||
Provision | 597 | (232 | ) | (31 | ) | 222 | 360 | (16 | ) | 900 | |||||||||||||||||||
Ending Balance | $ | 2,175 | $ | 2,708 | $ | 159 | $ | 1,067 | $ | 784 | $ | 71 | $ | 6,964 | |||||||||||||||
Loans Receivable at December 31, 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 | $ | 1,079 | $ | 56 | $ | - | $ | 192 | $ | 168 | $ | 1,495 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
collectively | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 1,096 | $ | 2,652 | $ | 159 | $ | 875 | $ | 616 | $ | 71 | $ | 5,469 | |||||||||||||||
Loans: | |||||||||||||||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
individually | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 2,116 | $ | 649 | $ | - | $ | 1,985 | $ | 590 | $ | 5,340 | |||||||||||||||||
Ending balance: | |||||||||||||||||||||||||||||
collectively | |||||||||||||||||||||||||||||
evaluated for | |||||||||||||||||||||||||||||
impairment | $ | 83,526 | $ | 204,652 | $ | 39,210 | $ | 97,635 | $ | 47,127 | $ | 87 | $ | 472,237 | |||||||||||||||
Commercial | Commercial RE | Agricultural | Residential | Home Equity | |||||||||||||||||||||||||
($'s in thousands) | & Industrial | & Construction | & Farmland | Real Estate | & Consumer | Other | Total | ||||||||||||||||||||||
ALLOWANCE FOR LOAN AND LEASE LOSSES | |||||||||||||||||||||||||||||
For the Twelve Months Ended | |||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||
Beginning balance | $ | 1,914 | $ | 2,880 | $ | 51 | $ | 956 | $ | 599 | $ | 129 | $ | 6,529 | |||||||||||||||
Charge Offs | (390 | ) | (287 | ) | (10 | ) | (129 | ) | (484 | ) | (28 | ) | (1,328 | ) | |||||||||||||||
Recoveries | 41 | 50 | 7 | 86 | 69 | 7 | 260 | ||||||||||||||||||||||
Provision | (4 | ) | 391 | 138 | 175 | 655 | $ | (6 | ) | 1,350 | |||||||||||||||||||
Ending Balance | $ | 1,561 | $ | 3,034 | $ | 186 | $ | 1,088 | $ | 839 | $ | 102 | $ | 6,811 | |||||||||||||||
Loans Receivable at December 31, 2012 | |||||||||||||||||||||||||||||
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 | ' | ||||||||||||||||||||||||||||
31-Dec-13 | Commercial | Commercial RE | Agricultural | Residential | Home Equity | ||||||||||||||||||||||||
Loan Grade | & Industrial | & Construction | & Farmland | Real Estate | & Consumer | Other | Total | ||||||||||||||||||||||
($ in thousands) | |||||||||||||||||||||||||||||
1-2 | $ | 1,706 | $ | 81 | $ | 76 | $ | - | $ | - | $ | - | $ | 1,863 | |||||||||||||||
3 | 22,319 | 44,095 | 6,543 | 90,606 | 43,250 | 9 | 206,822 | ||||||||||||||||||||||
4 | 56,110 | 146,861 | 32,591 | 5,700 | 3,782 | 78 | 245,122 | ||||||||||||||||||||||
Total Pass | 80,135 | 191,037 | 39,210 | 96,306 | 47,032 | 87 | 453,807 | ||||||||||||||||||||||
Special Mention | 3,159 | 8,917 | - | 1,373 | 86 | - | 13,535 | ||||||||||||||||||||||
Substandard | 32 | 4,815 | - | 290 | 84 | - | 5,221 | ||||||||||||||||||||||
Doubtful | 2,316 | 532 | - | 1,651 | 515 | - | 5,014 | ||||||||||||||||||||||
Loss | - | - | - | - | - | - | - | ||||||||||||||||||||||
Total Loans | $ | 85,642 | $ | 205,301 | $ | 39,210 | $ | 99,620 | $ | 47,717 | $ | 87 | $ | 477,577 | |||||||||||||||
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 | |||||||||||||||||||||||||
31-Dec-13 | Past Due | Past Due | 90 Days | Due | Current | Receivable | |||||||||||||||||||||||
($ in thousands) | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | - | $ | - | $ | 1,890 | $ | 1,890 | $ | 83,752 | $ | 85,642 | |||||||||||||||||
Commercial RE & Construction | 424 | 364 | 168 | 956 | 204,345 | 205,301 | |||||||||||||||||||||||
Agricultural & Farmland | - | - | - | - | 39,210 | 39,210 | |||||||||||||||||||||||
Residential Real Estate | - | 14 | 453 | 467 | 99,153 | 99,620 | |||||||||||||||||||||||
Home Equity & Consumer | 22 | 34 | 98 | 154 | 47,563 | 47,717 | |||||||||||||||||||||||
Other | - | - | - | - | 87 | 87 | |||||||||||||||||||||||
Total Loans | $ | 446 | $ | 412 | $ | 2,609 | $ | 3,467 | $ | 474,110 | $ | 477,577 | |||||||||||||||||
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 | ' | ||||||||||||||||||||||||||||
Twelve Months Ended | |||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
($'s in thousands) | Recorded | Unpaid | Related | Average | Interest | ||||||||||||||||||||||||
Principal | Recorded | Income | |||||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Recognized | |||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 316 | $ | 316 | $ | - | $ | 335 | $ | 13 | |||||||||||||||||||
Commercial RE & Construction | 389 | 442 | - | 579 | 16 | ||||||||||||||||||||||||
Agricultural & Farmland | - | - | - | - | - | ||||||||||||||||||||||||
Residential Real Estate | 1,131 | 1,131 | - | 1,315 | 65 | ||||||||||||||||||||||||
Home Equity & Consumer | 252 | 252 | - | 268 | 14 | ||||||||||||||||||||||||
All Impaired Loans < $100,000 | 1,242 | 1,242 | - | 1,242 | - | ||||||||||||||||||||||||
With a specific allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | 1,800 | 1,800 | 1,079 | 1,780 | 44 | ||||||||||||||||||||||||
Commercial RE & Construction | 260 | 260 | 56 | 318 | 14 | ||||||||||||||||||||||||
Agricultural & Farmland | - | - | - | - | - | ||||||||||||||||||||||||
Residential Real Estate | 854 | 854 | 192 | 921 | 41 | ||||||||||||||||||||||||
Home Equity & Consumer | 338 | 338 | 168 | 371 | 25 | ||||||||||||||||||||||||
All Impaired Loans < $100,000 | - | - | - | - | - | ||||||||||||||||||||||||
Totals: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 2,116 | $ | 2,116 | $ | 1,079 | $ | 2,115 | $ | 57 | |||||||||||||||||||
Commercial RE & Construction | $ | 649 | $ | 702 | $ | 56 | $ | 897 | $ | 30 | |||||||||||||||||||
Agricultural & Farmland | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Residential Real Estate | $ | 1,985 | $ | 1,985 | $ | 192 | $ | 2,236 | $ | 106 | |||||||||||||||||||
Home Equity & Consumer | $ | 590 | $ | 590 | $ | 168 | $ | 639 | $ | 39 | |||||||||||||||||||
All Impaired Loans < $100,000 | $ | 1,242 | $ | 1,242 | $ | - | $ | 1,242 | $ | - | |||||||||||||||||||
Twelve Months Ended | |||||||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||
($'s in thousands) | Recorded | Unpaid | Related | Average | Interest | ||||||||||||||||||||||||
Principal | Recorded | Income | |||||||||||||||||||||||||||
Investment | Balance | Allowance | Investment | Recognized | |||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 394 | $ | 2,280 | $ | - | $ | 2,419 | $ | - | |||||||||||||||||||
Commercial RE & Construction | 527 | 1,529 | - | 1,610 | 15 | ||||||||||||||||||||||||
Agricultural & Farmland | - | - | - | - | - | ||||||||||||||||||||||||
Residential Real Estate | 1,122 | 1,204 | - | 1,284 | 57 | ||||||||||||||||||||||||
Home Equity & Consumer | 228 | 260 | - | 272 | 10 | ||||||||||||||||||||||||
All Impaired Loans < $100,000 | 1,336 | 1,336 | - | 1,336 | - | ||||||||||||||||||||||||
With a specific allowance recorded: | |||||||||||||||||||||||||||||
Commercial & Industrial | 838 | 944 | 485 | 949 | 6 | ||||||||||||||||||||||||
Commercial RE & Construction | 198 | 198 | 55 | 198 | - | ||||||||||||||||||||||||
Agricultural & Farmland | - | - | - | - | - | ||||||||||||||||||||||||
Residential Real Estate | 1,561 | 1,561 | 386 | 1,530 | 62 | ||||||||||||||||||||||||
Home Equity & Consumer | 454 | 454 | 195 | 471 | 20 | ||||||||||||||||||||||||
All Impaired Loans < $100,000 | - | - | - | - | - | ||||||||||||||||||||||||
Totals: | |||||||||||||||||||||||||||||
Commercial & Industrial | $ | 1,232 | $ | 3,224 | $ | 485 | $ | 3,368 | $ | 6 | |||||||||||||||||||
Commercial RE & Construction | $ | 725 | $ | 1,727 | $ | 55 | $ | 1,808 | $ | 15 | |||||||||||||||||||
Agricultural & Farmland | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||||||||
Residential Real Estate | $ | 2,683 | $ | 2,765 | $ | 386 | $ | 2,814 | $ | 119 | |||||||||||||||||||
Home Equity & Consumer | $ | 682 | $ | 714 | $ | 195 | $ | 743 | $ | 30 | |||||||||||||||||||
All Impaired Loans < $100,000 | $ | 1,336 | $ | 1,336 | $ | - | $ | 1,336 | $ | - | |||||||||||||||||||
Summary of present activity of TDR's relating to loans, Pre - Modification and Post - Modification | ' | ||||||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||
($ in thousands) | Number of Loans | Pre-Modification | Post Modification | ||||||||||||||||||||||||||
Recorded Balance | Recorded Balance | ||||||||||||||||||||||||||||
Residential Real Estate | 1 | $ | 12 | $ | 12 | ||||||||||||||||||||||||
Home Equity & Consumer | 1 | 10 | 10 | ||||||||||||||||||||||||||
Total Modifications | 2 | $ | 22 | $ | 22 | ||||||||||||||||||||||||
31-Dec-12 | |||||||||||||||||||||||||||||
($ in thousands) | Number of Loans | Pre-Modification Recorded Balance | Post Modification Recorded Balance | ||||||||||||||||||||||||||
Residential Real Estate | 14 | $ | 660 | $ | 660 | ||||||||||||||||||||||||
Home Equity & Consumer | 2 | 21 | 21 | ||||||||||||||||||||||||||
Commercial Real Estate | 1 | 198 | 198 | ||||||||||||||||||||||||||
Total Modifications | 17 | $ | 879 | $ | 879 | ||||||||||||||||||||||||
Summary of present activity of TDR's relating to interest, term, combination and Total Modification | ' | ||||||||||||||||||||||||||||
($ in thousands) | Interest | Total | |||||||||||||||||||||||||||
Only | Term | Combination | Modification | ||||||||||||||||||||||||||
Residential Real Estate | $ | - | $ | 12 | $ | - | $ | 12 | |||||||||||||||||||||
Home Equity & Consumer | - | 10 | - | 10 | |||||||||||||||||||||||||
Total Modifications | $ | - | $ | 22 | $ | - | $ | 22 | |||||||||||||||||||||
Interest | Total | ||||||||||||||||||||||||||||
($ in thousands) | Only | Term | Combination | Modification | |||||||||||||||||||||||||
Residential Real Estate | $ | - | $ | 419 | $ | 241 | $ | 660 | |||||||||||||||||||||
Home Equity & Consumer | - | 21 | - | 21 | |||||||||||||||||||||||||
Commercial Real Estate | - | 198 | - | 198 | |||||||||||||||||||||||||
Total Modifications | $ | - | $ | 638 | $ | 241 | $ | 879 | |||||||||||||||||||||
Summary of troubled debt restructurings modified subsequently defaulted | ' | ||||||||||||||||||||||||||||
Troubled Debt Restructurings Modified in the Past 12 Months that have Subsequently Defaulted | |||||||||||||||||||||||||||||
Number of | Recorded | ||||||||||||||||||||||||||||
($ in thousands) | Contracts | Balance | |||||||||||||||||||||||||||
Residential Real Estate | 4 | $ | 63 | ||||||||||||||||||||||||||
Home Equity & Consumer | - | - | |||||||||||||||||||||||||||
4 | $ | 63 | |||||||||||||||||||||||||||
Derivative_Financial_Instrumen1
Derivative Financial Instruments (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Derivative Financial Instruments [Abstract] | ' | ||||||||||
Fair value of the Company's derivative financial instruments, as well as their classification on the balance sheet | ' | ||||||||||
set Derivatives | Liability Derivatives | ||||||||||
($ in thousands) | 31-Dec-13 | 31-Dec-13 | |||||||||
Balance Sheet | Fair | Balance Sheet | Fair | ||||||||
Location | Value | Location | Value | ||||||||
Derivatives not designated as hedging instruments: | |||||||||||
Interest rate contracts | Other Assets | $ | 257 | Other Liabilities | $ | 257 | |||||
31-Dec-12 | 31-Dec-12 | ||||||||||
Balance Sheet | Fair | Balance Sheet | Fair | ||||||||
Location | Value | Location | Value | ||||||||
Derivatives not designated as hedging instruments: | |||||||||||
Interest rate contracts | Other Assets | $ | 254 | Other Liabilities | $ | 254 |
Premises_and_Equipment_Tables
Premises and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Premises and Equipment [Abstract] | ' | ||||||||
Summary of premises and equipment | ' | ||||||||
2013 | 2012 | ||||||||
Land | $ | 1,938 | $ | 1,977 | |||||
Buildings and improvements | 15,544 | 15,384 | |||||||
Equipment | 7,483 | 7,865 | |||||||
Construction in progress | 63 | 166 | |||||||
25,028 | 25,392 | ||||||||
Less accumulated depreciation | (12,842 | ) | (12,759 | ) | |||||
Net premises and equipment | $ | 12,186 | $ | 12,633 |
Goodwill_Tables
Goodwill (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Goodwill and Other Intangible Assets Disclosure [Abstract] | ' | ||||||||
Schedule of Goodwill | ' | ||||||||
($ in thousands) | 2013 | 2012 | |||||||
Balance as of January 1 | |||||||||
Goodwill | $ | 21,415 | $ | 21,415 | |||||
Accumulated impairment losses - Data Processing | (5,062 | ) | (5,062 | ) | |||||
Balance as of December 31 | |||||||||
Goodwill | 21,415 | 21,415 | |||||||
Accumulated impairment losses - Data Processing | (5,062 | ) | (5,062 | ) | |||||
$ | 16,353 | $ | 16,353 |
Other_Intangible_Assets_Tables
Other Intangible Assets (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Goodwill and Other Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||||
Summary of carrying basis and accumulated amortization of recognized intangible assets | ' | ||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
($ in thousands) | Gross Carrying | Accumulated | Gross Carrying | Accumulated | |||||||||||||||||
Amount | Amortization | Amount | Amortization | ||||||||||||||||||
Core deposits intangible | $ | 4,698 | $ | (4,107 | ) | $ | 5,451 | $ | (4,303 | ) | |||||||||||
Customer relationship intangible | 200 | (136 | ) | 200 | (129 | ) | |||||||||||||||
Banking intangibles | 4,898 | (4,243 | ) | 5,651 | (4,432 | ) | |||||||||||||||
Purchased software - Banking | 1,160 | (785 | ) | 978 | (700 | ) | |||||||||||||||
Purchased software - Data Processing/other | 243 | (197 | ) | 164 | (112 | ) | |||||||||||||||
Purchased software | 1,403 | (982 | ) | 1,142 | (812 | ) | |||||||||||||||
Total | $ | 6,301 | $ | (5,225 | ) | $ | 6,793 | $ | (5,244 | ) | |||||||||||
Summary of estimated amortization expense | ' | ||||||||||||||||||||
($ in thousands) | 2014 | 2015 | 2016 | 2017 | 2018 | ||||||||||||||||
Core deposit intangible | $ | 366 | $ | 195 | $ | 8 | $ | 6 | $ | 6 | |||||||||||
Customer relationship intangible | 6 | 6 | 5 | 5 | 4 | ||||||||||||||||
Banking intangibles | 372 | 201 | 13 | 11 | 10 | ||||||||||||||||
Purchased software - Banking | 140 | 121 | 101 | 12 | 2 | ||||||||||||||||
Purchased software - Data Processing/other | 19 | 6 | 3 | 3 | 3 | ||||||||||||||||
Purchased Software | 159 | 127 | 104 | 15 | 4 | ||||||||||||||||
Total | $ | 531 | $ | 328 | $ | 117 | $ | 26 | $ | 14 | |||||||||||
Mortgage_Servicing_Rights_Tabl
Mortgage Servicing Rights (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Mortgage Servicing Rights [Abstract] | ' | ||||||||
Summary of mortgage servicing rights capitalized and related amortization | ' | ||||||||
($ in thousands) | 2013 | 2012 | |||||||
Carrying amount, beginning of year | $ | 3,775 | $ | 2,820 | |||||
Mortgage servicing rights capitalized during the year | 1,603 | 1,981 | |||||||
Mortgage servicing rights amortization during the year | (827 | ) | (1,335 | ) | |||||
Net change in valuation allowance | 629 | 309 | |||||||
Carrying amount, end of year | $ | 5,180 | $ | 3,775 | |||||
Valuation allowance: | |||||||||
Beginning of year | $ | 810 | $ | 1,119 | |||||
Reduction | (629 | ) | (309 | ) | |||||
End of year | $ | 181 | $ | 810 | |||||
Fair Value, beginning of period | $ | 4,329 | $ | 2,820 | |||||
Fair Value, end of period | $ | 6,237 | $ | 4,329 | |||||
InterestBearing_Time_Deposits_
Interest-Bearing Time Deposits (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Federal Home Loan Bank Advances and Interest-Bearing Time Deposits [Abstract] | ' | ||||
Scheduled maturities of time deposit | ' | ||||
($ in thousands) | |||||
2014 | $ | 95,152 | |||
2015 | 34,840 | ||||
2016 | 24,678 | ||||
2017 | 9,002 | ||||
2018 | 10,665 | ||||
Thereafter | 1,222 | ||||
$ | 175,559 | ||||
Securities_Sold_Under_Repurcha1
Securities Sold Under Repurchase Agreements (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Short-Term Borrowings and Notes Payable [Abstract] | ' | ||||||||
Summary of short-term borrowings | ' | ||||||||
($ in thousands) | 2013 | 2012 | |||||||
Securities Sold Under Repurchase Agreements | $ | 14,696 | $ | 10,333 | |||||
Notes_Payable_Tables
Notes Payable (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Short-Term Borrowings and Notes Payable [Abstract] | ' | ||||||||
Summary of notes payable | ' | ||||||||
($ in thousands) | 2013 | 2012 | |||||||
Note payable in the amount of $2.7 million, secured by all equipment and receivables of RDSI, monthly payments of $34 thousand together with interest at a fixed rate of 6.00%, maturing July 20, 2015. | $ | 589 | $ | 952 | |||||
Note payable with First Tennessee Bank, with an original amount of $1.5 million, secured by 300,000 shares of State Bank common stock, principal payments of $187 thousand quarterly together with interest at the greater of the 3 Month LIBOR rate plus 3.75%, or 6.0%. The Note was paid in full in September 2013. | - | 750 | |||||||
$ | 589 | $ | 1,702 | ||||||
Summary of aggregate annual maturities of notes payable | ' | ||||||||
($ in thousands) | Debt | ||||||||
2014 | $ | 353 | |||||||
2015 | 236 | ||||||||
$ | 589 |
Federal_Home_Loan_Bank_Advance1
Federal Home Loan Bank Advances (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Federal Home Loan Bank Advances and Interest-Bearing Time Deposits [Abstract] | ' | ||||
Aggregate annual maturities of Federal Home Loan Bank advances | ' | ||||
($ in thousands) | Debt | ||||
2014 | $ | 8,500 | |||
2015 | - | ||||
2016 | 2,500 | ||||
2017 | 2,500 | ||||
2018 and thereafter | 2,500 | ||||
Total | $ | 16,000 | |||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Income Taxes [Abstract] | ' | ||||||||
Schedule of provision for income taxes include components | ' | ||||||||
($ in thousands) | For The Year Ended December | ||||||||
2013 | 2012 | ||||||||
Taxes currently payable | $ | 512 | $ | 71 | |||||
Deferred provision | 1,731 | 1,858 | |||||||
Income tax expense | $ | 2,243 | $ | 1,929 | |||||
Schedule of reconciliation of income tax expense | ' | ||||||||
For The Year Ended December | |||||||||
($ in thousands) | 2013 | 2012 | |||||||
Computed at the statutory rate (34%) | $ | 2,532 | $ | 2,293 | |||||
Increase (decrease) resulting from | |||||||||
Tax exempt interest | (247 | ) | (233 | ) | |||||
BOLI Income | (112 | ) | (120 | ) | |||||
Other | 70 | (11 | ) | ||||||
Actual tax expense | $ | 2,243 | $ | 1,929 | |||||
Schedule of deferred tax | ' | ||||||||
At December 31, | |||||||||
($ in thousands) | 2013 | 2012 | |||||||
Deferred tax assets | |||||||||
Allowance for loan losses | $ | 2,368 | $ | 2,316 | |||||
OREO Writedowns/Expense | 14 | 83 | |||||||
Accrued compensation and benefits | - | 458 | |||||||
Net deferred loan fees | 93 | 94 | |||||||
Mark to market adjustments | - | 267 | |||||||
Purchase accounting adjustments | - | 3 | |||||||
NOL carry over | 535 | 2,107 | |||||||
AMT credit carry over | 798 | 322 | |||||||
Other | 236 | 261 | |||||||
4,044 | 5,911 | ||||||||
Deferred tax liabilities | |||||||||
Depreciation | (1,031 | ) | (1,049 | ) | |||||
Mortgage servicing rights | (1,761 | ) | (1,284 | ) | |||||
Unrealized gains on available-for-sale securities | (38 | ) | (943 | ) | |||||
Purchase accounting adjustments | (1,149 | ) | (1,743 | ) | |||||
Prepaids | (248 | ) | (249 | ) | |||||
FHLB stock dividends | (466 | ) | (466 | ) | |||||
(4,693 | ) | (5,734 | ) | ||||||
Net deferred tax asset/(liability) | $ | (649 | ) | $ | 177 |
Regulatory_Matters_Tables
Regulatory Matters (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Regulatory Matters [Abstract] | ' | ||||||||||||||||||||||||
Company and State Bank's actual capital amounts and ratios | ' | ||||||||||||||||||||||||
Actual | For Capital | To Be Well-Capitalized | |||||||||||||||||||||||
Adequacy Purposes | Under Prompt Corrective | ||||||||||||||||||||||||
Action Provisions | |||||||||||||||||||||||||
($ in thousands) | Amount | Ratio | Amount | Ratio | Amount | Ratio | |||||||||||||||||||
As of December 31, 2013 | |||||||||||||||||||||||||
Total Capital | |||||||||||||||||||||||||
(to Risk-Weighted Assets) | |||||||||||||||||||||||||
Consolidated | $ | 64,872 | 13.4 | % | $ | 38,763 | 8 | % | $ | - | N/A | ||||||||||||||
State Bank | 60,843 | 12.5 | % | 38,930 | 8 | % | 48,662 | 10 | % | ||||||||||||||||
Tier 1 Capital | |||||||||||||||||||||||||
(to Risk-Weighted Assets) | |||||||||||||||||||||||||
Consolidated | 52,332 | 10.8 | % | 19,382 | 4 | % | - | N/A | |||||||||||||||||
State Bank | 54,749 | 11.3 | % | 19,465 | 4 | % | 29,197 | 6 | % | ||||||||||||||||
Tier 1 Capital | |||||||||||||||||||||||||
(to Average Assets) | |||||||||||||||||||||||||
Consolidated | 52,332 | 8.3 | % | 25,105 | 4 | % | - | N/A | |||||||||||||||||
State Bank | 54,749 | 8.8 | % | 24,899 | 4 | % | 31,124 | 5 | % | ||||||||||||||||
As of December 31, 2012 | |||||||||||||||||||||||||
Total Capital | |||||||||||||||||||||||||
(to Risk-Weighted Assets) | |||||||||||||||||||||||||
Consolidated | $ | 59,448 | 12.6 | % | $ | 37,799 | 8 | % | $ | - | N/A | ||||||||||||||
State Bank | 57,138 | 12.1 | % | 37,647 | 8 | % | 47,059 | 10 | % | ||||||||||||||||
Tier 1 Capital | |||||||||||||||||||||||||
(to Risk-Weighted Assets) | |||||||||||||||||||||||||
Consolidated | 45,854 | 9.7 | % | 18,935 | 4 | % | - | N/A | |||||||||||||||||
State Bank | 51,244 | 10.9 | % | 18,824 | 4 | % | 28,235 | 6 | % | ||||||||||||||||
Tier 1 Capital | |||||||||||||||||||||||||
(to Average Assets) | |||||||||||||||||||||||||
Consolidated | 45,854 | 7.4 | % | 24,763 | 4 | % | - | N/A | |||||||||||||||||
State Bank | 51,244 | 8.4 | % | 24,531 | 4 | % | 30,664 | 5 | % | ||||||||||||||||
Share_Based_Compensation_Plan_
Share Based Compensation Plan (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Share Based Compensation Plan [Abstract] | ' | ||||||||||||||||
Summary of option activity under Company's Plan | ' | ||||||||||||||||
2013 | |||||||||||||||||
Shares | Weighted- | Weighted- | Aggregate | ||||||||||||||
Average | Average | Intrinsic Value | |||||||||||||||
Exercise Price | Remaining | ||||||||||||||||
Contractual | |||||||||||||||||
Term | |||||||||||||||||
Outstanding, beginning of year | 299,349 | $ | 9.86 | ||||||||||||||
Granted | - | - | |||||||||||||||
Exercised | 7,850 | 6.98 | |||||||||||||||
Forfeited | 64,779 | 12.46 | |||||||||||||||
Expired | - | - | |||||||||||||||
Outstanding, end of year | 226,720 | 9.24 | 2.63 | $ | 141,611 | ||||||||||||
Exercisable, end of year | 177,720 | 9.87 | 3.91 | $ | 88,712 | ||||||||||||
Summary of restricted stock activity under the Company's plan | ' | ||||||||||||||||
2013 | Shares | Weighted-Average Grant-Date Fair Value | |||||||||||||||
Nonvested, beginning of year | - | - | |||||||||||||||
Granted | 12,400 | $ | 93,000 | ||||||||||||||
Vested | - | - | |||||||||||||||
Forfeited | - | - | |||||||||||||||
Nonvested, end of year | 12,400 | $ | 93,000 | ||||||||||||||
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Summary of earnings per share | ' | ||||||||||||
2013 | |||||||||||||
($ in thousands) | Income | Weighted-Average Shares (000's) | Per Share Amount | ||||||||||
Basic earnings per share | |||||||||||||
Net income available to common shareholders | $ | 5,205 | 4,870 | $ | 1.07 | ||||||||
Effect of dilutive securities | |||||||||||||
Stock options | - | 12 | |||||||||||
Diluted earnings per share | |||||||||||||
Net income available to common shareholders and assumed conversions | $ | 5,205 | 4,882 | $ | 1.07 | ||||||||
2012 | |||||||||||||
($ in thousands) | Income | Weighted-Average Shares (000's) | Per Share Amount | ||||||||||
Basic earnings per share | |||||||||||||
Net income available to common shareholders | $ | 4,814 | 4,862 | $ | 0.99 | ||||||||
Effect of dilutive securities | |||||||||||||
Stock options | - | - | |||||||||||
Diluted earnings per share | |||||||||||||
Net income available to common shareholders and assumed conversions | $ | 4,814 | 4,862 | $ | 0.99 | ||||||||
Leases_Tables
Leases (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Leases [Abstract] | ' | ||||
Future minimum lease payments under operating leases | ' | ||||
($ in thousands) | |||||
2014 | $ | 310 | |||
2015 | 95 | ||||
2016 | 100 | ||||
2017 | 86 | ||||
2018 | 77 | ||||
Thereafter | 77 | ||||
Total minimum lease payments | $ | 745 | |||
Disclosures_About_Fair_Value_o1
Disclosures About Fair Value of Assets and Liabilities (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Disclosures About Fair Value Of Assets and Liabilities [Abstract] | ' | ||||||||||||||||
Fair value measurements of securities measured at fair value on a recurring basis | ' | ||||||||||||||||
Fair Value Measurements Using: | |||||||||||||||||
($ in thousands) | Fair Values at | ||||||||||||||||
Available-for-Sale Securities: | 12/31/13 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
U.S. Treasury and Government Agencies | $ | 11,300 | $ | - | $ | 11,300 | $ | - | |||||||||
Mortgage-backed securities | 57,223 | - | 57,223 | - | |||||||||||||
State and political subdivisions | 18,155 | - | 18,155 | - | |||||||||||||
Money Market Mutual Fund | 3,092 | 3,092 | - | - | |||||||||||||
Equity securities | 23 | 23 | |||||||||||||||
Interest rate contracts - assets | 257 | 257 | |||||||||||||||
Interest rate contracts - liabilities | (257 | ) | (257 | ) | |||||||||||||
Fair Value Measurements Using: | |||||||||||||||||
($ in thousands) | Fair Values at | ||||||||||||||||
Available-for-Sale Securities: | 12/31/12 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
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 Fund | 2,155 | 2,155 | - | - | |||||||||||||
Equity securities | 23 | - | 23 | - | |||||||||||||
Interest rate contracts - assets | 254 | 254 | |||||||||||||||
Interest rate contracts - liabilities | (254 | ) | (254 | ) | |||||||||||||
Summary of fair value measurements of assets measured at fair value on a non-recurring basis | ' | ||||||||||||||||
Fair Value Measurements Using: | |||||||||||||||||
($ in thousands) | Fair Values at | ||||||||||||||||
Description | 12/31/13 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
Impaired loans | $ | 3,540 | $ | - | $ | - | $ | 3,540 | |||||||||
Mortgage Servicing Rights | 2,029 | - | - | 2,029 | |||||||||||||
Foreclosed Assets | 45 | - | - | 45 | |||||||||||||
Fair Value Measurements Using: | |||||||||||||||||
($ in thousands) | Fair Values at | ||||||||||||||||
Description | 12/31/12 | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
Impaired loans | $ | 2,227 | $ | - | $ | - | $ | 2,227 | |||||||||
Mortgage Servicing Rights | 3,775 | - | - | 3,775 | |||||||||||||
Foreclosed Assets | 950 | - | - | 950 | |||||||||||||
Summary of quantitative information about unobservable inputs used in recurring and nonrecurring | ' | ||||||||||||||||
($ in thousands) | Fair Value | Valuation | Unobservable | Range | |||||||||||||
at 12/31/2013 | Technique | Inputs | (Weighted Average) | ||||||||||||||
Collateral-dependent impaired loans | $ | 3,540 | Market comparable properties | Comparability adjustments (%) | Not available | ||||||||||||
Mortgage servicing rights | 2,029 | Discounted cash flow | Discount Rate | 10.25 | % | ||||||||||||
Constant prepayment rate | 8.5 | % | |||||||||||||||
P&I earnings credit | 0.17 | % | |||||||||||||||
T&I earnings credit | 1.54 | % | |||||||||||||||
Inflation for cost of servicing | 1.5 | % | |||||||||||||||
Foreclosed asset | 45 | Market comparable properties | Marketability discount | 10 | % | ||||||||||||
($ in thousands) | Fair Value | Valuation | Unobservable | Range | |||||||||||||
at 12/31/2012 | Technique | Inputs | (Weighted Average) | ||||||||||||||
Collateral-dependent impaired loans | $ | 2,227 | Market comparable properties | Comparability adjustments (%) | Not available | ||||||||||||
Foreclosed asset | 950 | Market comparable properties | Marketability discount | 10 | % | ||||||||||||
Mortgage servicing rights | 3,755 | 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 | % | |||||||||||||||
Summary of estimated fair values of company's financial instruments | ' | ||||||||||||||||
31-Dec-13 | Carrying | Fair Value Measurments Using | |||||||||||||||
$'s in thousands | Amount | (Level 1) | (Level 2) | (Level 3) | |||||||||||||
Financial assets | |||||||||||||||||
Cash and cash equivalents | $ | 13,137 | $ | 13,137 | $ | - | $ | - | |||||||||
Loans held for sale | 3,366 | - | 3,476 | - | |||||||||||||
Loans, net of allowance for loan losses | 470,339 | - | - | 469,505 | |||||||||||||
Federal Reserve and FHLB Bank stock, at cost | 3,748 | - | 3,748 | - | |||||||||||||
Mortgage Servicing Rights | 5,180 | - | - | 6,237 | |||||||||||||
Accrued interest receivable | 1,281 | - | 1,281 | - | |||||||||||||
Financial liabilities | |||||||||||||||||
Deposits | $ | 518,234 | $ | 81,570 | $ | 439,273 | $ | - | |||||||||
Repurchase agreements | 14,696 | - | 14,696 | - | |||||||||||||
Notes payable | 589 | - | 600 | - | |||||||||||||
FHLB advances | 16,000 | - | 15,955 | - | |||||||||||||
Trust preferred securities | 20,620 | - | 15,566 | - | |||||||||||||
Accrued interest payable | 639 | - | 639 | - | |||||||||||||
31-Dec-12 | Carrying | Fair Value Measurments 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, at cost | 3,748 | - | 3,748 | - | |||||||||||||
Mortgage Servicing Rights | 3,775 | - | - | 4,329 | |||||||||||||
Accrued interest receivable | 1,235 | - | 1,235 | - | |||||||||||||
Financial liabilities | |||||||||||||||||
Deposits | $ | 527,001 | $ | 77,799 | $ | 452,298 | $ | - | |||||||||
Repurchase agreements | 10,333 | - | 10,333 | - | |||||||||||||
Notes payable | 1,702 | - | 1,731 | - | |||||||||||||
FHLB advances | 21,000 | - | 21,274 | - | |||||||||||||
Trust preferred securities | 20,620 | - | 7,353 | - | |||||||||||||
Accrued interest payable | 138 | - | 138 | - |
Commitments_and_Credit_Risk_Ta
Commitments and Credit Risk (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Commitments and Credit Risk [Abstract] | ' | ||||||||
Summary of line of credit facilities | ' | ||||||||
($ in thousands) | 2013 | 2012 | |||||||
Loan commitments and unused lines of credit | $ | 93,286 | $ | 81,399 | |||||
Standby letters of credit | 1,021 | 5,698 | |||||||
Total | $ | 94,307 | $ | 87,097 | |||||
Condensed_Financial_Informatio1
Condensed Financial Information (Parent Company Only) (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Condensed Financial Information (Parent Company Only) [Abstract] | ' | ||||||||
Condensed Balance Sheets | ' | ||||||||
Condensed Balance Sheets | |||||||||
2013 | 2012 | ||||||||
($ in thousands) | |||||||||
Assets | |||||||||
Cash and cash equivalents | $ | 6,353 | $ | 601 | |||||
Investment in common stock of banking subsidiaries | 72,391 | 71,136 | |||||||
Investment in nonbanking subsidiaries | 1,237 | 1,427 | |||||||
Other assets | 270 | 2,164 | |||||||
Total assets | $ | 80,251 | $ | 75,328 | |||||
Liabilities | |||||||||
Trust preferred securities | $ | 20,000 | $ | 20,000 | |||||
Borrowings from nonbanking subsidiaries | 620 | 620 | |||||||
Notes Payable | - | 750 | |||||||
Other liabilities & accrued interest payable | 3,362 | 838 | |||||||
Total liabilities | 23,982 | 22,208 | |||||||
Stockholders' Equity | 56,269 | 53,120 | |||||||
Total liabilities and stockholders' equity | $ | 80,251 | $ | 75,328 | |||||
Condensed Statements of Income | ' | ||||||||
Condensed Statements of Income and Comprehensive Income | |||||||||
2013 | 2012 | ||||||||
($ in thousands) | |||||||||
Income | |||||||||
Dividends from subsidiaries: | |||||||||
Banking subsidiaries | $ | 4,000 | $ | 4,600 | |||||
Nonbanking subsidiaries | 186 | 119 | |||||||
Total | 4,186 | 4,719 | |||||||
Other income | 21 | 264 | |||||||
Total income | 4,207 | 4,983 | |||||||
Expenses | |||||||||
Interest expense | 1,407 | 1,881 | |||||||
Other expense | 938 | 1,269 | |||||||
Total expenses | 2,345 | 3,150 | |||||||
Income before income tax and equity in undistributed income of subsidiaries | 1,862 | 1,833 | |||||||
Income tax benefit | (790 | ) | (987 | ) | |||||
Income before equity in undistributed income of subsidiaries | 2,652 | 2,820 | |||||||
Equity in undistributed income of subsidiaries | |||||||||
Banking subsidiaries | 3,081 | 1,832 | |||||||
Nonbanking subsidiaries | (364 | ) | 304 | ||||||
Total | 2,717 | 2,136 | |||||||
Net income | $ | 5,369 | $ | 4,956 | |||||
Comprehensive income | $ | 3,449 | $ | 5,301 | |||||
Condensed Statements of Cash Flows | ' | ||||||||
Condensed Statements of Cash Flows | |||||||||
($ in thousands) | 2013 | 2012 | |||||||
Operating Activities | |||||||||
Net income | $ | 5,369 | $ | 4,956 | |||||
Items not requiring (providing) cash | |||||||||
Equity in undistributed net income of subsidiaries | (2,717 | ) | (2,136 | ) | |||||
Expense of stock option plan | 64 | 51 | |||||||
Other assets | 1,894 | 560 | |||||||
Other liabilities | 2,523 | (2,625 | ) | ||||||
Net cash provided by operating activities | 7,133 | 806 | |||||||
Investing Activities | |||||||||
Increase in Notes Receivable | - | 2,000 | |||||||
Investment in Subsidiary | (103 | ) | (2,613 | ) | |||||
Net cash used in investing activities | (103 | ) | (613 | ) | |||||
Financing Activities | |||||||||
Dividends on Common Stock | (586 | ) | - | ||||||
Proceeds from stock options | 58 | - | |||||||
Repayment of Notes Payable | (750 | ) | (750 | ) | |||||
Net cash used in financing activities | (1,278 | ) | (750 | ) | |||||
Net Change in Cash and Cash Equivalents | 5,752 | (557 | ) | ||||||
Cash and Cash Equivalents at Beginning of Year | 601 | 1,158 | |||||||
Cash and Cash Equivalents at End of Year | $ | 6,353 | $ | 601 | |||||
Segment_Information_Tables
Segment Information (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Segment Information [Abstract] | ' | ||||||||||||||||||||||||
Segment reporting information | ' | ||||||||||||||||||||||||
Data | Total | Intersegment | Consolidated | ||||||||||||||||||||||
2013 | Banking | Processing | Other | Segments | Elimination | Totals | |||||||||||||||||||
($ in 000's) | |||||||||||||||||||||||||
Income Statement information: | |||||||||||||||||||||||||
Net interest income (expense) | $ | 22,266 | $ | (47 | ) | $ | (1,406 | ) | $ | 20,813 | $ | - | $ | 20,813 | |||||||||||
Other revenue - external customers | 12,662 | 1,501 | - | 14,163 | - | 14,163 | |||||||||||||||||||
Other revenue - other segments | 295 | 836 | 21 | 1,152 | (1,269 | ) | (117 | ) | |||||||||||||||||
Net interest income and other revenue | 35,223 | 2,290 | (1,385 | ) | 36,128 | (1,269 | ) | 34,859 | |||||||||||||||||
Non-interest expense | 24,135 | 2,570 | 938 | 27,643 | (1,132 | ) | 26,511 | ||||||||||||||||||
Significant noncash items: | |||||||||||||||||||||||||
Depreciation and amortization | 970 | 114 | 5 | 1,089 | - | 1,089 | |||||||||||||||||||
Provision for loan losses | 900 | - | - | 900 | - | 900 | |||||||||||||||||||
Income tax expense (benefit) | 3,128 | (95 | ) | (790 | ) | 2,243 | - | 2,243 | |||||||||||||||||
Segment profit (loss) | $ | 7,060 | $ | (185 | ) | $ | (1,533 | ) | $ | 5,342 | $ | (137 | ) | $ | 5,205 | ||||||||||
Balance sheet information: | |||||||||||||||||||||||||
Total assets | $ | 631,708 | $ | 1,658 | $ | 78,293 | $ | 711,659 | $ | (79,905 | ) | $ | 631,754 | ||||||||||||
Goodwill and intangibles | 17,008 | - | - | 17,008 | - | 17,008 | |||||||||||||||||||
Premises and equipment expenditures | 1,144 | 8 | - | 1,152 | - | 1,152 | |||||||||||||||||||
Data | Total | Intersegment | Consolidated | ||||||||||||||||||||||
2012 | Banking | Processing | Other | Segments | Elimination | Totals | |||||||||||||||||||
($ in 000's) | |||||||||||||||||||||||||
Income Statement information: | |||||||||||||||||||||||||
Net interest income (expense) | $ | 22,760 | $ | (114 | ) | $ | (1,881 | ) | $ | 20,765 | $ | (33 | ) | $ | 20,732 | ||||||||||
Other revenue - external customers | 12,427 | 2,294 | 19 | 14,740 | - | 14,740 | |||||||||||||||||||
Other revenue - other segments | 289 | 1,537 | 245 | 2,071 | (1,966 | ) | 105 | ||||||||||||||||||
Net interest income and other revenue | 35,476 | 3,717 | (1,617 | ) | 37,576 | (1,999 | ) | 35,577 | |||||||||||||||||
Non-interest expense | 24,974 | 3,345 | 1,270 | 29,589 | (2,104 | ) | 27,484 | ||||||||||||||||||
Significant noncash items: | |||||||||||||||||||||||||
Depreciation and amortization | 942 | 280 | 10 | 1,232 | - | 1,232 | |||||||||||||||||||
Fixed asset and software impairment | 65 | - | - | 65 | - | 65 | |||||||||||||||||||
Provision for loan losses | 1,350 | - | - | 1,350 | - | 1,350 | |||||||||||||||||||
Income tax expense (benefit) | 2,719 | 198 | (988 | ) | 1,929 | - | 1,929 | ||||||||||||||||||
Segment profit (loss) | $ | 6,434 | $ | 384 | $ | (1,899 | ) | $ | 4,709 | $ | 105 | $ | 4,814 | ||||||||||||
Balance sheet information: | |||||||||||||||||||||||||
Total assets | $ | 633,353 | $ | 2,250 | $ | 75,328 | $ | 710,931 | $ | (72,697 | ) | $ | 638,234 | ||||||||||||
Goodwill and intangibles | 17,572 | - | - | 17,572 | - | 17,572 | |||||||||||||||||||
Premises and equipment expenditures | 831 | 2 | - | 833 | - | 833 | |||||||||||||||||||
Quarterly_Financial_Informatio1
Quarterly Financial Information (Unaudited) (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Information (Unaudited) [Abstract] | ' | ||||||||||||||||
Selected quarterly results of operations | ' | ||||||||||||||||
31-Dec-13 | March | June | September | December | |||||||||||||
($ in thousands) | |||||||||||||||||
Interest income | $ | 6,407 | $ | 6,360 | $ | 6,146 | $ | 5,935 | |||||||||
Interest expense | 1,115 | 1,010 | 971 | 939 | |||||||||||||
Net interest income | 5,292 | 5,350 | 5,175 | 4,996 | |||||||||||||
Provision for loan losses | 299 | 200 | 401 | - | |||||||||||||
Non-interest income | 3,567 | 3,820 | 3,710 | 2,949 | |||||||||||||
Non-interest expense | 6,670 | 7,080 | 6,562 | 6,199 | |||||||||||||
Income tax expense | 572 | 571 | 578 | 522 | |||||||||||||
Net income | $ | 1,318 | $ | 1,319 | $ | 1,344 | $ | 1,224 | |||||||||
Earnings per share | |||||||||||||||||
Basic | $ | 0.27 | $ | 0.27 | $ | 0.28 | $ | 0.25 | |||||||||
Diluted | 0.27 | 0.27 | 0.28 | 0.25 | |||||||||||||
Dividends per share | - | 0.055 | 0.03 | 0.035 | |||||||||||||
31-Dec-12 | March | June | September | December | |||||||||||||
($ in thousands) | |||||||||||||||||
Interest income | $ | 6,497 | $ | 6,610 | $ | 6,666 | $ | 6,349 | |||||||||
Interest expense | 1,672 | 1,342 | 1,232 | 1,194 | |||||||||||||
Net interest income | 4,875 | 5,268 | 5,434 | 5,155 | |||||||||||||
Provision for loan losses | 450 | 200 | 300 | 400 | |||||||||||||
Non-interest income | 3,581 | 3,208 | 3,408 | 4,648 | |||||||||||||
Non-interest expense | 6,676 | 6,871 | 6,725 | 7,212 | |||||||||||||
Income tax expense | 358 | 391 | 513 | 667 | |||||||||||||
Net income | $ | 972 | $ | 1,014 | $ | 1,304 | $ | 1,524 | |||||||||
Earnings per share | |||||||||||||||||
Basic | $ | 0.2 | $ | 0.21 | $ | 0.27 | $ | 0.31 | |||||||||
Diluted | 0.2 | 0.21 | 0.27 | 0.31 | |||||||||||||
Dividends per share | - | - | - | - |
Organization_and_Summary_of_Si2
Organization and Summary of Significant Accounting Policies (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Operations and Summary of Significant Accounting Policies (Textual) | ' | ' |
Maximum period of loan accrual status past due | '90 days | ' |
Software and fixed asset impairment | ' | $65 |
Uncertain income tax positions | $0 | ' |
Goodwill amortization method | ' | ' |
Amortize goodwill on a straight-line basis over 10 years, or less than 10 years if the entity demonstrates that another useful life is moer appropriate. | ||
Minimum [Member] | ' | ' |
Operations and Summary of Significant Accounting Policies (Textual) | ' | ' |
Intangible assets, weighted-average periods | '1 year | ' |
Software amortized period | '1 year | ' |
Maximum [Member] | ' | ' |
Operations and Summary of Significant Accounting Policies (Textual) | ' | ' |
Intangible assets, weighted-average periods | '15 years | ' |
Software amortized period | '3 years | ' |
Restriction_on_Cash_and_Due_Fr1
Restriction on Cash and Due From Banks (Details) (USD $) | Dec. 31, 2013 |
In Millions, unless otherwise specified | |
Restriction on cash and due from banks (Textual) | ' |
Reserve funds in cash deposit with the Federal Reserve Bank | $0.70 |
AvailableforSale_Securities_De
Available-for-Sale Securities (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Summary of amortized cost and approximate fair values of securities | ' | ' |
Amortized Cost | $89,679 | $95,929 |
Gross Unrealized Gains | 1,083 | 2,808 |
Gross Losses | -969 | -35 |
Fair Value | 89,793 | 98,702 |
U.S. Treasury and Government agencies [Member] | ' | ' |
Summary of amortized cost and approximate fair values of securities | ' | ' |
Amortized Cost | 11,305 | 14,301 |
Gross Unrealized Gains | 120 | 210 |
Gross Losses | -125 | ' |
Fair Value | 11,300 | 14,511 |
Mortgage-backed securities [Member] | ' | ' |
Summary of amortized cost and approximate fair values of securities | ' | ' |
Amortized Cost | 57,322 | 62,661 |
Gross Unrealized Gains | 417 | 1,136 |
Gross Losses | -516 | -33 |
Fair Value | 57,223 | 63,764 |
State and political subdivisions [Member] | ' | ' |
Summary of amortized cost and approximate fair values of securities | ' | ' |
Amortized Cost | 17,937 | 16,789 |
Gross Unrealized Gains | 546 | 1,462 |
Gross Losses | -328 | -2 |
Fair Value | 18,155 | 18,249 |
Money Market Mutual Fund [Member] | ' | ' |
Summary of amortized cost and approximate fair values of securities | ' | ' |
Amortized Cost | 3,092 | 2,155 |
Gross Unrealized Gains | ' | ' |
Gross Losses | ' | ' |
Fair Value | 3,092 | 2,155 |
Equity securities [Member] | ' | ' |
Summary of amortized cost and approximate fair values of securities | ' | ' |
Amortized Cost | 23 | 23 |
Gross Unrealized Gains | ' | ' |
Gross Losses | ' | ' |
Fair Value | $23 | $23 |
AvailableforSale_Securities_De1
Available-for-Sale Securities (Details 1) (USD $) | Dec. 31, 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 | ' | ' |
Available for Sale, Amortized Cost, Due after one year through five years | 1,386 | ' |
Available for Sale, Amortized Cost, Due after five years through ten years | 10,980 | ' |
Available for Sale, Amortized Cost, Due after ten years | 16,876 | ' |
Available for Sale, Amortized Cost | 29,242 | ' |
Amortized Cost, Mortgage-backed securities, money market mutual fund and equity securities | 60,437 | ' |
Available for Sale, Amortized Cost, Total | 89,679 | 95,929 |
Available for Sale, Fair Value, Within one year | ' | ' |
Available for Sale, Fair Value, Due after one year through five years | 1,460 | ' |
Available for Sale, Fair value, Due after five years through ten years | 11,042 | ' |
Available for Sale, Fair Value, Due after ten years | 16,953 | ' |
Available for Sale, Fair Value | 29,455 | ' |
Fair Value, Mortgage-backed securities, money market mutual fund and equity securities | 60,338 | ' |
Fair Value, Totals | $89,793 | $98,702 |
AvailableforSale_Securities_De2
Available-for-Sale Securities (Details 2) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Schedule of securities with unrealized losses | ' | ' |
Less than 12 Months Fair Value | $33,475 | $5,431 |
Less than 12 Months Unrealized Losses | -863 | -34 |
12 Months or Longer Fair Value | 2,333 | 593 |
12 Months or Longer Unrealized Losses | -106 | -1 |
Total Fair Value | 35,808 | 6,024 |
Total Unrealized Losses | -969 | -35 |
U.S. Treasury and Government agencies [Member] | ' | ' |
Schedule of securities with unrealized losses | ' | ' |
Less than 12 Months Fair Value | 3,834 | ' |
Less than 12 Months Unrealized Losses | -125 | ' |
12 Months or Longer Fair Value | ' | ' |
12 Months or Longer Unrealized Losses | ' | ' |
Total Fair Value | 3,834 | ' |
Total Unrealized Losses | -125 | ' |
Mortgage-backed securities [Member] | ' | ' |
Schedule of securities with unrealized losses | ' | ' |
Less than 12 Months Fair Value | 24,773 | 5,202 |
Less than 12 Months Unrealized Losses | -410 | -33 |
12 Months or Longer Fair Value | 2,333 | 342 |
12 Months or Longer Unrealized Losses | -106 | ' |
Total Fair Value | 27,106 | 5,544 |
Total Unrealized Losses | -516 | -33 |
State and political subdivisions [Member] | ' | ' |
Schedule of securities with unrealized losses | ' | ' |
Less than 12 Months Fair Value | 4,868 | 229 |
Less than 12 Months Unrealized Losses | -328 | -1 |
12 Months or Longer Fair Value | ' | 251 |
12 Months or Longer Unrealized Losses | ' | -1 |
Total Fair Value | 4,898 | 480 |
Total Unrealized Losses | ($328) | ($2) |
AvailableforSale_Securities_De3
Available-for-Sale Securities (Details Textual) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Available-for-Sale Securities (Textual) | ' | ' |
Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value | $42,300,000 | $49,800,000 |
Securities for Reverse Repurchase Agreements | 17,500,000 | 16,200,000 |
Available-for-sale Securities, Gross Realized Gains | 90,000 | ' |
Available-for-sale Securities, Gross Realized Losses | 40,000 | ' |
Net gain on sales of securities | 48,000 | ' |
Tax expense for net security gains | 20,000 | ' |
Total fair value of investments | $35,808,000 | $6,024,000 |
Fair value as a percentage of available-for-sale investment portfolio | 40.00% | 6.00% |
Loans_and_Allowance_for_Loan_L2
Loans and Allowance for Loan Losses (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Summary of categories of loans | ' | ' |
Total loans | $477,577 | $463,665 |
Non-Accrual Loans | 4,844 | 5,305 |
Less: Net deferred loan fees, premiums and discounts | -274 | -276 |
Loans, net of unearned income | 477,303 | 463,389 |
Allowance for loan losses | -6,964 | -6,811 |
Commercial & Industrial [Member] | ' | ' |
Summary of categories of loans | ' | ' |
Total loans | 85,642 | 81,767 |
Non-Accrual Loans | 2,316 | 1,246 |
Commercial RE & Construction [Member] | ' | ' |
Summary of categories of loans | ' | ' |
Total loans | 205,301 | 201,392 |
Non-Accrual Loans | 532 | 782 |
Agricultural & Farmland [Member] | ' | ' |
Summary of categories of loans | ' | ' |
Total loans | 39,210 | 42,276 |
Non-Accrual Loans | ' | ' |
Residential Real Estate [Member] | ' | ' |
Summary of categories of loans | ' | ' |
Total loans | 99,620 | 87,859 |
Non-Accrual Loans | 1,651 | 2,631 |
Home Equity & Consumer [Member] | ' | ' |
Summary of categories of loans | ' | ' |
Total loans | 47,717 | 50,223 |
Non-Accrual Loans | 345 | 646 |
Other [Member] | ' | ' |
Summary of categories of loans | ' | ' |
Total loans | 87 | 148 |
Non-Accrual Loans | ' | ' |
Loans_and_Allowance_for_Loan_L3
Loans and Allowance for Loan Losses (Details 1) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Summary of balance of the allowance for loan losses and the recorded investment in loans | ' | ' |
Beginning balance | $6,811 | $6,529 |
Charge Offs | -819 | -1,328 |
Recoveries | 72 | 260 |
Provision | 900 | 1,350 |
Ending Balance | 6,964 | 6,811 |
Ending balance individually evaluated for impairment | 1,495 | 1,121 |
Ending balance collectively evaluated for impairment | 5,469 | 5,690 |
Loans, Ending balance individually evaluated for impairment | 5,340 | 5,322 |
Loans, Ending balance collectively evaluated for impairment | 472,237 | 458,343 |
Commercial Industrial [Member] | ' | ' |
Summary of balance of the allowance for loan losses and the recorded investment in loans | ' | ' |
Beginning balance | 1,561 | 1,914 |
Charge Offs | -1 | -390 |
Recoveries | 18 | 41 |
Provision | 597 | -4 |
Ending Balance | 2,175 | 1,561 |
Ending balance individually evaluated for impairment | 1,079 | 485 |
Ending balance collectively evaluated for impairment | 1,096 | 1,076 |
Loans, Ending balance individually evaluated for impairment | 2,116 | 1,232 |
Loans, Ending balance collectively evaluated for impairment | 83,526 | 80,535 |
Commercial RE & Construction [Member] | ' | ' |
Summary of balance of the allowance for loan losses and the recorded investment in loans | ' | ' |
Beginning balance | 3,034 | 2,880 |
Charge Offs | -111 | -287 |
Recoveries | 17 | 50 |
Provision | -232 | 391 |
Ending Balance | 2,708 | 3,034 |
Ending balance individually evaluated for impairment | 56 | 55 |
Ending balance collectively evaluated for impairment | 2,652 | 2,979 |
Loans, Ending balance individually evaluated for impairment | 649 | 725 |
Loans, Ending balance collectively evaluated for impairment | 204,652 | 200,667 |
Agricultural & Farmland [Member] | ' | ' |
Summary of balance of the allowance for loan losses and the recorded investment in loans | ' | ' |
Beginning balance | 186 | 51 |
Charge Offs | ' | -10 |
Recoveries | 4 | 7 |
Provision | -31 | 138 |
Ending Balance | 159 | 186 |
Ending balance individually evaluated for impairment | ' | ' |
Ending balance collectively evaluated for impairment | 159 | 186 |
Loans, Ending balance individually evaluated for impairment | ' | ' |
Loans, Ending balance collectively evaluated for impairment | 39,210 | 42,276 |
Residential Real Estate [Member] | ' | ' |
Summary of balance of the allowance for loan losses and the recorded investment in loans | ' | ' |
Beginning balance | 1,088 | 956 |
Charge Offs | -264 | -129 |
Recoveries | 21 | 86 |
Provision | 222 | 175 |
Ending Balance | 1,067 | 1,088 |
Ending balance individually evaluated for impairment | 192 | 386 |
Ending balance collectively evaluated for impairment | 875 | 702 |
Loans, Ending balance individually evaluated for impairment | 1,985 | 2,683 |
Loans, Ending balance collectively evaluated for impairment | 97,635 | 85,176 |
Home Equity & Consumer [Member] | ' | ' |
Summary of balance of the allowance for loan losses and the recorded investment in loans | ' | ' |
Beginning balance | 839 | 599 |
Charge Offs | -426 | -484 |
Recoveries | 11 | 69 |
Provision | 360 | 655 |
Ending Balance | 784 | 839 |
Ending balance individually evaluated for impairment | 168 | 195 |
Ending balance collectively evaluated for impairment | 616 | 644 |
Loans, Ending balance individually evaluated for impairment | 590 | 682 |
Loans, Ending balance collectively evaluated for impairment | 47,127 | 49,541 |
Other [Member] | ' | ' |
Summary of balance of the allowance for loan losses and the recorded investment in loans | ' | ' |
Beginning balance | 102 | 129 |
Charge Offs | -17 | -28 |
Recoveries | 1 | 7 |
Provision | -16 | -6 |
Ending Balance | 71 | 102 |
Ending balance collectively evaluated for impairment | 71 | 102 |
Loans, Ending balance collectively evaluated for impairment | 87 | 148 |
Unallocated [Member] | ' | ' |
Summary of balance of the allowance for loan losses and the recorded investment in loans | ' | ' |
Ending Balance | ($1) | ' |
Loans_and_Allowance_for_Loan_L4
Loans and Allowance for Loan Losses (Details 2) (USD $) | Dec. 31, 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 | $477,577 | $463,665 |
Commercial & Industrial [Member] | ' | ' |
Summary of credit risk profile of the Company's loan portfolio based on rating category | ' | ' |
Loans and Leases Receivable, Gross | 85,642 | 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 | 1,706 | 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 | 22,319 | 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 | 56,110 | 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 | 80,135 | 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 | 3,159 | 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 | 32 | 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 | 2,316 | 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 | 205,301 | 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 | 81 | 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 | 44,095 | 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 | 146,861 | 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 | 191,037 | 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 | 8,917 | 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 | 4,815 | 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 | 532 | 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 | 39,210 | 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 | 76 | 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 | 6,543 | 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 | 32,591 | 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 | 39,210 | 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 | 99,620 | 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 | 90,606 | 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 | 5,700 | 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 | 96,306 | 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 | 1,373 | 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 | 290 | 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 | 1,651 | 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 | 47,717 | 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 | ' | ' |
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 | 43,250 | 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 | 3,782 | 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 | 47,032 | 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 | 86 | 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 | 84 | 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 | 515 | 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 | 87 | 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 | 9 | 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 | 78 | 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 | 87 | 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 $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Summary of loan portfolio aging analysis | ' | ' |
30-59 Days Past Due | $446 | $2,058 |
60-89 Days Past Due | 412 | 537 |
Greater Than 90 Days | 2,609 | 2,508 |
Total Past Due | 3,467 | 5,103 |
Current | 474,110 | 458,562 |
Total Loans Receivable | 477,577 | 463,665 |
Commercial & Industrial [Member] | ' | ' |
Summary of loan portfolio aging analysis | ' | ' |
30-59 Days Past Due | ' | 26 |
60-89 Days Past Due | ' | 2 |
Greater Than 90 Days | 1,890 | 497 |
Total Past Due | 1,890 | 525 |
Current | 83,752 | 81,242 |
Total Loans Receivable | 85,642 | 81,767 |
Commercial Real Estate [Member] | ' | ' |
Summary of loan portfolio aging analysis | ' | ' |
30-59 Days Past Due | 424 | 1,623 |
60-89 Days Past Due | 364 | 320 |
Greater Than 90 Days | 168 | 264 |
Total Past Due | 956 | 2,207 |
Current | 204,345 | 199,185 |
Total Loans Receivable | 205,301 | 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 | 39,210 | 42,276 |
Total Loans Receivable | 39,210 | 42,276 |
Residential Real Estate [Member] | ' | ' |
Summary of loan portfolio aging analysis | ' | ' |
30-59 Days Past Due | ' | 90 |
60-89 Days Past Due | 14 | 139 |
Greater Than 90 Days | 453 | 1,467 |
Total Past Due | 467 | 1,696 |
Current | 99,153 | 86,163 |
Total Loans Receivable | 99,620 | 87,859 |
Home Equity & Consumer [Member] | ' | ' |
Summary of loan portfolio aging analysis | ' | ' |
30-59 Days Past Due | 22 | 319 |
60-89 Days Past Due | 34 | 76 |
Greater Than 90 Days | 98 | 280 |
Total Past Due | 154 | 675 |
Current | 47,563 | 49,548 |
Total Loans Receivable | 47,717 | 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 | 87 | 148 |
Total Loans Receivable | $87 | $148 |
Loans_and_Allowance_for_Loan_L6
Loans and Allowance for Loan Losses (Details 4) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Commercial & Industrial [Member] | ' | ' |
Summary of Impaired loan activity | ' | ' |
With no related allowance recorded, Recorded Investment | $316 | $394 |
With no related allowance recorded, Unpaid Principal Balance | 316 | 2,280 |
With no related allowance recorded, Average Recorded Investment | 335 | 2,419 |
With no related allowance recorded, Interest Income Recognized | 13 | ' |
With a specific allowance recorded, Recorded Investment | 1,800 | 838 |
With a specific allowance recorded, Unpaid Principal Balance | 1,800 | 944 |
With a specific allowance recorded, Related Allowance | 1,079 | 485 |
With a specific allowance recorded, Average Recorded Investment | 1,780 | 949 |
With a specific allowance recorded, Interest Income Recognized | 44 | 6 |
Total Recorded Investment | 2,116 | 1,232 |
Total Unpaid Principal Balance | 2,116 | 3,224 |
Total Related Allowance | 1,079 | 485 |
Total Average Recorded Investment | 2,115 | 3,368 |
Total Interest Income Recognized | 57 | 6 |
Commercial RE & Construction [Member] | ' | ' |
Summary of Impaired loan activity | ' | ' |
With no related allowance recorded, Recorded Investment | 389 | 527 |
With no related allowance recorded, Unpaid Principal Balance | 442 | 1,529 |
With no related allowance recorded, Average Recorded Investment | 579 | 1,610 |
With no related allowance recorded, Interest Income Recognized | 16 | 15 |
With a specific allowance recorded, Recorded Investment | 260 | 198 |
With a specific allowance recorded, Unpaid Principal Balance | 260 | 198 |
With a specific allowance recorded, Related Allowance | 56 | 55 |
With a specific allowance recorded, Average Recorded Investment | 318 | 198 |
With a specific allowance recorded, Interest Income Recognized | 14 | ' |
Total Recorded Investment | 649 | 725 |
Total Unpaid Principal Balance | 702 | 1,727 |
Total Related Allowance | 56 | 55 |
Total Average Recorded Investment | 897 | 1,808 |
Total Interest Income Recognized | 30 | 15 |
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 | ' | ' |
With a specific allowance recorded, Interest Income Recognized | ' | ' |
Total Recorded Investment | ' | ' |
Total Unpaid Principal Balance | ' | ' |
Total Related Allowance | ' | ' |
Total Average Recorded Investment | ' | ' |
Total Interest Income Recognized | ' | ' |
Residential Real Estate [Member] | ' | ' |
Summary of Impaired loan activity | ' | ' |
With no related allowance recorded, Recorded Investment | 1,131 | 1,122 |
With no related allowance recorded, Unpaid Principal Balance | 1,131 | 1,204 |
With no related allowance recorded, Average Recorded Investment | 1,315 | 1,284 |
With no related allowance recorded, Interest Income Recognized | 65 | 57 |
With a specific allowance recorded, Recorded Investment | 854 | 1,561 |
With a specific allowance recorded, Unpaid Principal Balance | 854 | 1,561 |
With a specific allowance recorded, Related Allowance | 192 | 386 |
With a specific allowance recorded, Average Recorded Investment | 921 | 1,530 |
With a specific allowance recorded, Interest Income Recognized | 41 | 62 |
Total Recorded Investment | 1,985 | 2,683 |
Total Unpaid Principal Balance | 1,985 | 2,765 |
Total Related Allowance | 192 | 386 |
Total Average Recorded Investment | 2,236 | 2,814 |
Total Interest Income Recognized | 106 | 119 |
Home Equity & Consumer [Member] | ' | ' |
Summary of Impaired loan activity | ' | ' |
With no related allowance recorded, Recorded Investment | 252 | 228 |
With no related allowance recorded, Unpaid Principal Balance | 252 | 260 |
With no related allowance recorded, Average Recorded Investment | 268 | 272 |
With no related allowance recorded, Interest Income Recognized | 14 | 10 |
With a specific allowance recorded, Recorded Investment | 338 | 454 |
With a specific allowance recorded, Unpaid Principal Balance | 338 | 454 |
With a specific allowance recorded, Related Allowance | 168 | 195 |
With a specific allowance recorded, Average Recorded Investment | 371 | 471 |
With a specific allowance recorded, Interest Income Recognized | 25 | 20 |
Total Recorded Investment | 590 | 682 |
Total Unpaid Principal Balance | 590 | 714 |
Total Related Allowance | 168 | 195 |
Total Average Recorded Investment | 639 | 743 |
Total Interest Income Recognized | 39 | 30 |
All Impaired Loans less than $100,000 [Member] | ' | ' |
Summary of Impaired loan activity | ' | ' |
With no related allowance recorded, Recorded Investment | 1,242 | 1,336 |
With no related allowance recorded, Unpaid Principal Balance | 1,242 | 1,336 |
With no related allowance recorded, Average Recorded Investment | 1,242 | 1,336 |
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 | 1,242 | 1,336 |
Total Unpaid Principal Balance | 1,242 | 1,336 |
Total Related Allowance | ' | ' |
Total Average Recorded Investment | 1,242 | 1,336 |
Total Interest Income Recognized | ' | ' |
Loans_and_Allowance_for_Loan_L7
Loans and Allowance for Loan Losses (Details 5) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing receivable newly restructured loans by type of modification [Abstract] | ' | ' |
Number of Loans | $2 | $17 |
Pre Modification | 22 | 879 |
Post Modification | 22 | 879 |
Interest Only | ' | ' |
Term | 22 | 638 |
Combination | ' | 241 |
Total Modification | 22 | 879 |
Residential Real Estate [Member] | ' | ' |
Financing receivable newly restructured loans by type of modification [Abstract] | ' | ' |
Number of Loans | 1 | 14 |
Pre Modification | 12 | 660 |
Post Modification | 12 | 660 |
Interest Only | ' | ' |
Term | 12 | 419 |
Combination | ' | 241 |
Total Modification | 12 | ' |
Home Equity & Consumer [Member] | ' | ' |
Financing receivable newly restructured loans by type of modification [Abstract] | ' | ' |
Number of Loans | 1 | 2 |
Pre Modification | 10 | 21 |
Post Modification | 10 | 21 |
Interest Only | ' | ' |
Term | 10 | 21 |
Combination | ' | ' |
Total Modification | 10 | ' |
Commercial Real Estate & Construction[Member] | ' | ' |
Financing receivable newly restructured loans by type of modification [Abstract] | ' | ' |
Number of Loans | ' | 1 |
Pre Modification | ' | 198 |
Post Modification | ' | 198 |
Term | ' | 198 |
Combination | ' | ' |
Loans_and_Allowance_for_Loan_L8
Loans and Allowance for Loan Losses (Details 6) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Financing receivable newly restructured loans by type of modification [Abstract] | ' | ' |
Interest Only | ' | ' |
Term | 22 | 638 |
Combination | ' | 241 |
Total Modification | 22 | 879 |
Residential Real Estate [Member] | ' | ' |
Financing receivable newly restructured loans by type of modification [Abstract] | ' | ' |
Interest Only | ' | ' |
Term | 12 | 419 |
Combination | ' | 241 |
Total Modification | 12 | ' |
Home Equity & Consumer [Member] | ' | ' |
Financing receivable newly restructured loans by type of modification [Abstract] | ' | ' |
Interest Only | ' | ' |
Term | 10 | 21 |
Combination | ' | ' |
Total Modification | 10 | ' |
Commercial Real Estate [Member] | ' | ' |
Financing receivable newly restructured loans by type of modification [Abstract] | ' | ' |
Term | ' | 198 |
Combination | ' | ' |
Loans_and_Allowance_for_Loan_L9
Loans and Allowance for Loan Losses (Details 7) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Contract | |
Summary of troubled debt restructurings modified in the past 12 months that subsequently defaulted | ' |
Number of Contracts | 4 |
Post-Modification Recorded Investment | $63 |
Residential Real Estate [Member] | ' |
Summary of troubled debt restructurings modified in the past 12 months that subsequently defaulted | ' |
Number of Contracts | 4 |
Post-Modification Recorded Investment | 63 |
Home Equity Consumer Portfolio Segment [Member] | ' |
Summary of troubled debt restructurings modified in the past 12 months that subsequently defaulted | ' |
Number of Contracts | ' |
Post-Modification Recorded Investment | ' |
Recovered_Sheet1
Loans and Allowance for Loan Losses (Details Textual) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Loan | ||
Loans and Allowance for Loan Losses (Textual) | ' | ' |
Principal amount outstanding of loans held-in-portfolio | $100,000 | ' |
Impaired loans | 'Less than $100,000 | ' |
Number of defaulted TDR's Loans | 2 | ' |
Increase in allowance for loan and lease losses | $10,000 | $257,000 |
Derivative_Financial_Instrumen2
Derivative Financial Instruments (Details) (Derivatives not designated as hedging instruments [Member], Interest rate contracts [Member], USD $) | Dec. 31, 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 | $257 | $254 |
Other Liabilities [Member] | ' | ' |
Fair value of the Company's derivative financial instruments, as well as their classification on the balance sheet | ' | ' |
Liability Derivatives | $257 | $254 |
Derivative_Financial_Instrumen3
Derivative Financial Instruments (Details Textual) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Derivative Financial Instruments (Textual) | ' | ' |
Notional amount of customer-facing swaps | $13.50 | $7.60 |
Cash as collateral | $0.20 | ' |
Premises_and_Equipment_Details
Premises and Equipment (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Summary of premises and equipment | ' | ' |
Property, Plant and Equipment, Gross | $25,028 | $25,392 |
Less accumulated depreciation | -12,842 | -12,759 |
Net premises and equipment | 12,186 | 12,633 |
Land [Member] | ' | ' |
Summary of premises and equipment | ' | ' |
Property, Plant and Equipment, Gross | 1,938 | 1,977 |
Buildings and improvements [Member] | ' | ' |
Summary of premises and equipment | ' | ' |
Property, Plant and Equipment, Gross | 15,544 | 15,384 |
Equipment [Member] | ' | ' |
Summary of premises and equipment | ' | ' |
Property, Plant and Equipment, Gross | 7,483 | 7,865 |
Construction in progress [Member] | ' | ' |
Summary of premises and equipment | ' | ' |
Property, Plant and Equipment, Gross | $63 | $166 |
Goodwill_Details
Goodwill (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Goodwill | ' | ' |
Goodwill, Balance as of January 1 | $21,415 | $21,415 |
Accumulated impairment losses - Data Processing | -5,062 | -5,062 |
Goodwill, Balance as of December 31 | 21,415 | 21,415 |
Accumulated impairment losses - Data Processing | -5,062 | -5,062 |
Goodwill | $16,353 | $16,353 |
Other_Intangible_Assets_Detail
Other Intangible Assets (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' |
Gross Carrying Amount | $6,301 | $6,793 |
Accumulated Amortization | -5,225 | -5,244 |
Banking intangibles [Member] | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' |
Gross Carrying Amount | 4,898 | 5,651 |
Accumulated Amortization | -4,243 | -4,432 |
Banking intangibles [Member] | Core deposits intangible [Member] | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' |
Gross Carrying Amount | 4,698 | 5,451 |
Accumulated Amortization | -4,107 | -4,303 |
Banking intangibles [Member] | Customer relationship intangible [Member] | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' |
Gross Carrying Amount | 200 | 200 |
Accumulated Amortization | -136 | -129 |
Purchased software [Member] | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' |
Gross Carrying Amount | 1,403 | 1,142 |
Accumulated Amortization | -982 | -812 |
Purchased software [Member] | Banking [Member] | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' |
Gross Carrying Amount | 1,160 | 978 |
Accumulated Amortization | -785 | -700 |
Purchased software [Member] | Data processing/other [Member] | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' |
Gross Carrying Amount | 243 | 164 |
Accumulated Amortization | ($197) | ($112) |
Other_Intangible_Assets_Detail1
Other Intangible Assets (Details 1) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Summary of estimated amortization expense | ' |
2014 | $531 |
2015 | 328 |
2016 | 117 |
2017 | 26 |
2018 | 14 |
Banking intangibles [Member] | ' |
Summary of estimated amortization expense | ' |
2014 | 372 |
2015 | 201 |
2016 | 13 |
2017 | 11 |
2018 | 10 |
Banking intangibles [Member] | Core deposits intangible [Member] | ' |
Summary of estimated amortization expense | ' |
2014 | 366 |
2015 | 195 |
2016 | 8 |
2017 | 6 |
2018 | 6 |
Banking intangibles [Member] | Customer relationship intangible [Member] | ' |
Summary of estimated amortization expense | ' |
2014 | 6 |
2015 | 6 |
2016 | 5 |
2017 | 5 |
2018 | 4 |
Purchased software [Member] | ' |
Summary of estimated amortization expense | ' |
2014 | 159 |
2015 | 127 |
2016 | 104 |
2017 | 15 |
2018 | 4 |
Purchased software [Member] | Banking [Member] | ' |
Summary of estimated amortization expense | ' |
2014 | 140 |
2015 | 121 |
2016 | 101 |
2017 | 12 |
2018 | 2 |
Purchased software [Member] | Data processing/other [Member] | ' |
Summary of estimated amortization expense | ' |
2014 | 19 |
2015 | 6 |
2016 | 3 |
2017 | 3 |
2018 | $3 |
Other_Intangible_Assets_Detail2
Other Intangible Assets (Details Textual) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Other Intangible Assets (Textual) | ' | ' |
Intangible amortization expense | $564 | $630 |
Core Deposits and Other [Member] | ' | ' |
Other Intangible Assets (Textual) | ' | ' |
Intangible amortization expense | 560 | 630 |
Purchased software [Member] | ' | ' |
Other Intangible Assets (Textual) | ' | ' |
Intangible amortization expense | $170 | $130 |
Mortgage_Servicing_Rights_Deta
Mortgage Servicing Rights (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Summary of mortgage servicing rights capitalized and related amortization | ' | ' |
Carrying amount, beginning of year | $3,775 | $2,820 |
Mortgage servicing rights capitalized during the year | 1,603 | 1,981 |
Mortgage servicing rights amortization during the year | -827 | -1,335 |
Net change in valuation allowance | 629 | 309 |
Carrying amount, end of year | 5,180 | 3,775 |
Valuation allowance: | ' | ' |
Beginning of year | 810 | 1,119 |
Reduction | -629 | -309 |
End of year | 181 | 810 |
Fair Value, beginning of period | 4,329 | 2,820 |
Fair Value, end of period | $6,237 | $4,329 |
Mortgage_Servicing_Rights_Deta1
Mortgage Servicing Rights (Details Textual) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Mortgage Servicing Rights (Textual) | ' | ' |
Unpaid principal balance of mortgage loans | $606,000,000 | $528,100,000 |
Contractually specified servicing fees | 1,400,000 | 1,100,000 |
Valuation allowance taken to adjust carrying value of the impaired MSRs to the fair value for indicated tranches | $629,000 | $309,000 |
InterestBearing_Time_Deposits_1
Interest-Bearing Time Deposits (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Summary of scheduled maturities of time deposit | ' | ' |
2014 | $95,152 | ' |
2015 | 34,840 | ' |
2016 | 24,678 | ' |
2017 | 9,002 | ' |
2018 | 10,665 | ' |
Thereafter | 1,222 | ' |
Time Deposits | $175,559 | $194,071 |
InterestBearing_Time_Deposits_2
Interest-Bearing Time Deposits (Details Textual) (USD $) | 1 Months Ended | 12 Months Ended | |
Sep. 30, 2005 | Dec. 31, 2013 | Dec. 31, 2012 | |
Interest-Bearing Time Deposits (Textual) | ' | ' | ' |
Interest-bearing time deposits in denominations of $100,000 or more | ' | $76,800,000 | $85,300,000 |
Certificates of Deposit obtained from brokers | ' | 10,100,000 | 5,900,000 |
Maturity Date, Description | 'September 7, 2030, at the option of the Company: on or after September 7, 2020 at par; or on or after September 7, 2010 at a premium; | ' | ' |
Between 2014 and 2020. | |||
Time deposits certificate of deposit account registry service | ' | 25,400,000 | 28,100,000 |
Certificate of deposit account registry service insurable amounts | ' | $250,000 | ' |
Securities_Sold_Under_Repurcha2
Securities Sold Under Repurchase Agreements (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Summary of Short-Term Borrowings | ' | ' |
Securities Sold Under Repurchase Agreements | $14,696 | $10,333 |
Securities_Sold_Under_Repurcha3
Securities Sold Under Repurchase Agreements (Details Textual) (USD $) | 1 Months Ended | 12 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2005 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 |
Retail Repurchase Agreements [Member] | Retail Repurchase Agreements [Member] | |||
Short-Term Borrowings (Textual) | ' | ' | ' | ' |
Securities sold under repurchase agreements | ' | ' | $14.70 | ' |
Maximum amount of outstanding agreements at any month-end | ' | ' | 15 | 15 |
Monthly average of such agreements totaled | ' | ' | $12 | $12.60 |
Short-term borrowings mature | 'September 7, 2030, at the option of the Company: on or after September 7, 2020 at par; or on or after September 7, 2010 at a premium; | ' | 'Within one month. | 'Within one month. |
Between 2014 and 2020. |
Notes_Payable_Details
Notes Payable (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Summary of notes payable | ' | ' |
Notes payable | $589 | $1,702 |
RDSI [Member] | ' | ' |
Summary of notes payable | ' | ' |
Notes payable | 589 | 952 |
First Tennessee Bank [Member] | ' | ' |
Summary of notes payable | ' | ' |
Notes payable | ' | $750 |
Notes_Payable_Details_1
Notes Payable (Details 1) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Summary of aggregate annual maturities of notes payable | ' |
2014 | $353 |
2015 | 236 |
Total | $589 |
Notes_Payable_Details_Textual
Notes Payable (Details Textual) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 |
RDSI [Member] | First Tennessee Bank [Member] | |||
Notes Payable (Textual) | ' | ' | ' | ' |
Secured notes payable | ' | ' | $2,700,000 | $1,500,000 |
Secured note payable principal payments monthly along with interest | ' | ' | 34,000 | ' |
Secured note payable principal quarterly payments along with interest | ' | ' | ' | 187,000 |
Secured note payable fixed rate of interest | ' | ' | 6.00% | ' |
Debt instrument maturity date | ' | ' | 20-Jul-15 | ' |
State Bank common stock for secured note payable | ' | ' | ' | 300,000 |
Secured note payable description of LIBOR rate plus | ' | ' | ' | 'Greater of the 3 Month LIBOR rate plus 3.75%, or 6.0%. |
Purchases of federal funds | 11,500,000 | 11,500,000 | ' | ' |
Federal funds lines drawn | $0 | $0 | ' | ' |
Debt instrument payment date | ' | ' | ' | '2013 September |
Federal_Home_Loan_Bank_Advance2
Federal Home Loan Bank Advances (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Summary of aggregate annual maturities of Federal Home Loan Bank advances | ' | ' |
2014 | $8,500 | ' |
2015 | ' | ' |
2016 | 2,500 | ' |
2017 | 2,500 | ' |
2018 and thereafter | 2,500 | ' |
Total | $16,000 | $21,000 |
Federal_Home_Loan_Bank_Advance3
Federal Home Loan Bank Advances (Details Textual) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2013 |
Federal Home Loan Bank Advances (Textual) | ' |
Secured amount of Federal Home Loan Bank advances | $68.50 |
Minimum interest rate on advances | 1.07% |
Maximum interest rate on advances | 3.13% |
Trust_Preferred_Securities_Det
Trust Preferred Securities (Details) (USD $) | 1 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | ||||
Sep. 30, 2005 | Dec. 31, 2013 | Sep. 30, 2000 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2005 | Dec. 31, 2013 | Dec. 31, 2012 | |
Rurban Statutory Trust (RST I) [Member] | Rurban Statutory Trust (RST I) [Member] | Rurban Statutory Trust (RST I) [Member] | Rurban Statutory Trust (RST II) [Member] | Rurban Statutory Trust (RST II) [Member] | Rurban Statutory Trust (RST II) [Member] | |||
Trust Preferred Securities (Textual) | ' | ' | ' | ' | ' | ' | ' | ' |
Capital Securities | ' | ' | 10,000 | ' | ' | 10,000 | ' | ' |
Liquidation amount per security | ' | ' | $1,000 | ' | ' | $1,000 | ' | ' |
Secured note payable description of LIBOR rate plus | ' | ' | ' | ' | ' | 'Interest rate that changes quarterly and is based on the 3-month LIBOR | ' | ' |
Outstanding principal balance | ' | ' | ' | $10,000,000 | $10,000,000 | ' | $10,000,000 | $10,000,000 |
Capital Securities, semi-annually rate | ' | ' | 10.60% | ' | ' | ' | ' | ' |
Maturity Date, Description | 'September 7, 2030, at the option of the Company: on or after September 7, 2020 at par; or on or after September 7, 2010 at a premium; | ' | ' | ' | ' | ' | ' | ' |
Between 2014 and 2020. |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Schedule of provision for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Taxes currently payable | ' | ' | ' | ' | ' | ' | ' | ' | $512 | $71 |
Deferred provision | ' | ' | ' | ' | ' | ' | ' | ' | 1,731 | 1,858 |
Income tax expense | $522 | $578 | $571 | $572 | $667 | $513 | $391 | $358 | $2,243 | $1,929 |
Income_Taxes_Details_1
Income Taxes (Details 1) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Schedule of reconciliation of income tax expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Computed at the statutory rate (34%) | ' | ' | ' | ' | ' | ' | ' | ' | $2,532 | $2,293 |
Increase (decrease) resulting from | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Tax exempt interest | ' | ' | ' | ' | ' | ' | ' | ' | -247 | -233 |
BOLI Income | ' | ' | ' | ' | ' | ' | ' | ' | -112 | -120 |
Other | ' | ' | ' | ' | ' | ' | ' | ' | 70 | -11 |
Income tax expense | $522 | $578 | $571 | $572 | $667 | $513 | $391 | $358 | $2,243 | $1,929 |
Income_Taxes_Details_2
Income Taxes (Details 2) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Deferred tax assets | ' | ' |
Allowance for loan losses | $2,368 | $2,316 |
OREO Writedowns/Expense | 14 | 83 |
Accrued compensation and benefits | ' | 458 |
Net deferred loan fees | 93 | 94 |
Mark to market adjustments | ' | 267 |
Purchase accounting adjustments | ' | 3 |
NOL carry over | 535 | 2,107 |
AMT credit carry over | 798 | 322 |
Other | 236 | 261 |
Deferred Tax Assets, Gross | 4,044 | 5,911 |
Deferred tax liabilities | ' | ' |
Depreciation | -1,031 | -1,049 |
Mortgage servicing rights | -1,761 | -1,284 |
Unrealized gains on available-for-sale securities | -38 | -943 |
Purchase accounting adjustments | -1,149 | -1,743 |
Prepaids | -248 | -249 |
FHLB stock dividends | -466 | -466 |
Deferred Tax Liabilities, Gross | -4,693 | -5,734 |
Net deferred tax asset/(liability) | ($649) | $177 |
Income_Taxes_Details_Textual
Income Taxes (Details Textual) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2013 |
Income Taxes (Textual) | ' |
Statutory income tax rate | 34.00% |
Net operating loss carryforwards | $1.60 |
Operating loss carryforwards expiration year | '2031 |
Regulatory_Matters_Details
Regulatory Matters (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Consolidated [Member] | ' | ' |
Summary of Company and State Bank's actual capital amounts and ratios | ' | ' |
Capital actual amount (Risk-Weighted Assets) (Total Capital) | $64,872 | $59,448 |
Capital adequacy purposes amount (Risk-Weighted Assets) (Total Capital) | 38,763 | 37,799 |
Capital to be well capitalized under prompt corrective action provisions amount (Risk-Weighted Assets) (Total Capital) | ' | ' |
Capital actual amount (Risk-Weighted Assets) (Tier 1 Capital) | 52,332 | 45,854 |
Capital adequacy purposes amount (Risk-Weighted Assets) (Tier 1 Capital) | 19,382 | 18,935 |
Capital to be well capitalized under prompt corrective action provisions amount (Risk-Weighted Assets) (Tier 1 Capital) | ' | ' |
Capital actual amount (Average Assets) (Tier 1 Capital) | 52,332 | 45,854 |
Capital adequacy purposes amount (Average Assets) (Tier 1 Capital) | 25,105 | 24,763 |
Capital to be well capitalized under prompt corrective action provisions amount (Average Assets) (Tier 1 Capital) | ' | ' |
Capital actual ratio (Risk-Weighted Assets) (Total Capital) | 13.40% | 12.60% |
Capital adequacy purposes ratio (Risk-Weighted Assets) (Total Capital) | 8.00% | 8.00% |
Capital to be well capitalized under prompt corrective action provisions ratio (Risk-Weighted Assets) (Total Capital) | ' | ' |
Capital actual ratio (Risk-Weighted Assets) (Tier 1 Capital) | 10.80% | 9.70% |
Capital adequacy purposes ratio (Risk-Weighted Assets) (Tier 1 Capital) | 4.00% | 4.00% |
Capital to be well capitalized under prompt corrective action provisions ratio (Risk-Weighted Assets) (Tier 1 Capital) | ' | ' |
Capital actual ratio (Average Assets) (Tier 1 Capital) | 8.30% | 7.40% |
Capital adequacy purposes ratio (Average Assets) (Tier 1 Capital) | 4.00% | 4.00% |
Capital to be well capitalized under prompt corrective action provisions ratio (Average Assets) (Tier 1 Capital) | ' | ' |
State Bank [Member] | ' | ' |
Summary of Company and State Bank's actual capital amounts and ratios | ' | ' |
Capital actual amount (Risk-Weighted Assets) (Total Capital) | 60,843 | 57,138 |
Capital adequacy purposes amount (Risk-Weighted Assets) (Total Capital) | 38,930 | 37,647 |
Capital to be well capitalized under prompt corrective action provisions amount (Risk-Weighted Assets) (Total Capital) | 48,662 | 47,059 |
Capital actual amount (Risk-Weighted Assets) (Tier 1 Capital) | 54,749 | 51,244 |
Capital adequacy purposes amount (Risk-Weighted Assets) (Tier 1 Capital) | 19,465 | 18,824 |
Capital to be well capitalized under prompt corrective action provisions amount (Risk-Weighted Assets) (Tier 1 Capital) | 29,197 | 28,235 |
Capital actual amount (Average Assets) (Tier 1 Capital) | 54,749 | 51,244 |
Capital adequacy purposes amount (Average Assets) (Tier 1 Capital) | 24,899 | 24,531 |
Capital to be well capitalized under prompt corrective action provisions amount (Average Assets) (Tier 1 Capital) | $31,124 | $30,664 |
Capital actual ratio (Risk-Weighted Assets) (Total Capital) | 12.50% | 12.10% |
Capital adequacy purposes ratio (Risk-Weighted Assets) (Total Capital) | 8.00% | 8.00% |
Capital to be well capitalized under prompt corrective action provisions ratio (Risk-Weighted Assets) (Total Capital) | 10.00% | 10.00% |
Capital actual ratio (Risk-Weighted Assets) (Tier 1 Capital) | 11.30% | 10.90% |
Capital adequacy purposes ratio (Risk-Weighted Assets) (Tier 1 Capital) | 4.00% | 4.00% |
Capital to be well capitalized under prompt corrective action provisions ratio (Risk-Weighted Assets) (Tier 1 Capital) | 6.00% | 6.00% |
Capital actual ratio (Average Assets) (Tier 1 Capital) | 8.80% | 8.40% |
Capital adequacy purposes ratio (Average Assets) (Tier 1 Capital) | 4.00% | 4.00% |
Capital to be well capitalized under prompt corrective action provisions ratio (Average Assets) (Tier 1 Capital) | 5.00% | 5.00% |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Related Party Transactions (Textual) | ' | ' |
Loans aggregate amount to any one related party | '60,000 or more | ' |
Related Party Bank Deposit | $0.39 | $0.87 |
Employee_Benefits_Details
Employee Benefits (Details) (USD $) | 12 Months Ended | |
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Employee Benefits (Textual) | ' | ' |
Maximum employee contribution of compensation received | 4.00% | ' |
Employer Matching Contribution, Percent | 100.00% | ' |
Vesting period of matching contribution | '3 years | ' |
Amount of Employer contributions charged to expense | $0.40 | $0.40 |
Description of Supplemental Executive Retirement Plan agreement with certain active and retired officers | ' | ' |
Agreements provide monthly payments for up to 15 years that equal 15 percent to 25 percent of average compensation prior to retirement or death. | ||
Expense charged under Supplemental Executive Retirement Plan agreements | 0.1 | 0.1 |
Cash surrender value of all life insurance policies | 12.9 | 12.6 |
Vesting period of company's contribution to each employee account | '3 years | ' |
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares | 447,322 | 442,861 |
Employee Stock Ownership Plan (ESOP), Compensation Expense | $0.30 | $0.40 |
Share_Based_Compensation_Plan_1
Share Based Compensation Plan (Details) (USD $) | 12 Months Ended |
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2013 |
Summary of option activity under Company's Plan | ' |
Shares Outstanding, beginning of year | 299,349 |
Shares Granted | ' |
Shares Exercised | 7,850 |
Shares Forfeited | 64,779 |
Shares Expired | ' |
Shares Outstanding, end of year | 226,720 |
Shares Exercisable, end of year | 177,720 |
Weighted - Average Exercise Price, Outstanding, beginning of year | $9.86 |
Weighted - Average Exercise Price, Granted | ' |
Weighted - Average Exercise Price, Exercised | $6.98 |
Weighted - Average Exercise Price, Forfeited | $12.46 |
Weighted - Average Exercise Price, Expired | ' |
Weighted - Average Exercise Price, Outstanding, end of year | $9.24 |
Weighted - Average Exercise Price, Exercisable, end of year | $9.87 |
Weighted - Average Remaining Contractual Term, Outstanding, end of year | '2 years 7 months 17 days |
Weighted - Average Remaining Contractual Term, Exercisable, end of year | '3 years 10 months 28 days |
Aggregate Intrinsic Value, Outstanding, end of year | $141,611 |
Aggregate Intrinsic Value, Exercisable, end of year | $88,712 |
Share_Based_Compensation_Plan_2
Share Based Compensation Plan (Details 1) (Restricted Stock [Member], USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Restricted Stock [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Nonvested, beginning of year | ' |
Nonvested Shares, Granted | 12,400 |
Nonvested Shares, Vested | ' |
Nonvested Shares, Forfeited | ' |
Nonvested Shares, end of year | 12,400 |
Nonvested Weighted-Average Grant-Date Fair Value, Outstanding, beginning of year | ' |
Nonvested Weighted-Average Grant-Date Fair Value, Granted | $93,000 |
Nonvested Weighted-Average Grant-Date Fair Value, Vested | ' |
Nonvested Weighted-Average Grant-Date Fair Value, Forfeited | ' |
Nonvested Weighted-Average Grant-Date Fair Value, Outstanding, end of year | $93,000 |
Share_Based_Compensation_Plan_3
Share Based Compensation Plan (Details Textual) (USD $) | 12 Months Ended | |
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Share Based Compensation Plan (Textual) | ' | ' |
Option awards vesting period | '3 years | ' |
Total income tax benefit recognized in income statement for share-based compensation arrangements | $0.02 | $0.02 |
Options granted | ' | ' |
1997 Stock Option Plan [Member] | ' | ' |
Share Based Compensation Plan (Textual) | ' | ' |
Expiration date of stock option plan | 12-Mar-07 | ' |
Compensation cost charged against income | 0.1 | 0.1 |
2008 Stock Incentive Plan [Member] | ' | ' |
Share Based Compensation Plan (Textual) | ' | ' |
Maximum common shares granted for incentive stock options, nonqualified stock options, stock appreciation rights ("SARs"), and restricted stock | 250,000 | ' |
Compensation cost charged against income | 0.1 | 0.1 |
Total unrecognized compensation cost related to non-vested share-based compensation arrangements granted under plan | 0.04 | ' |
Unrecognized compensation cost expected to recognized over weighted-average period | '1 year 1 month 24 days | ' |
Option awards vesting period | '5 years | ' |
Option awards contractual terms | '10 years | ' |
Restricted Stock [Member] | ' | ' |
Share Based Compensation Plan (Textual) | ' | ' |
Total income tax benefit recognized in income statement for share-based compensation arrangements | $0.07 | $0 |
Earnings_Per_Share_Details
Earnings Per Share (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Basic earnings per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income available to common shareholders | ' | ' | ' | ' | ' | ' | ' | ' | $5,205 | $4,814 |
Weighted-Average Shares, Basic | ' | ' | ' | ' | ' | ' | ' | ' | 4,870 | 4,862 |
Basic | $0.25 | $0.28 | $0.27 | $0.27 | $0.31 | $0.27 | $0.21 | $0.20 | $1.07 | $0.99 |
Effect of dilutive securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock options & restricted stock, Weighted- Average Shares | ' | ' | ' | ' | ' | ' | ' | ' | 12 | ' |
Diluted earnings per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income available to common shareholders and assumed conversions | ' | ' | ' | ' | ' | ' | ' | ' | $5,205 | $4,814 |
Weighted-Average Shares, Diluted | ' | ' | ' | ' | ' | ' | ' | ' | 4,882 | 4,862 |
Diluted | $0.25 | $0.28 | $0.27 | $0.27 | $0.31 | $0.27 | $0.21 | $0.20 | $1.07 | $0.99 |
Earnings_Per_Share_Details_Tex
Earnings Per Share (Details Textual) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Earnings Per Share (Textual) | ' | ' |
Option to purchase common shares excluded from computation of diluted EPS | 95,070 | 299,349 |
Per share exercise price of option, minimum | $11.50 | $6.66 |
Per share exercise price of option, maximum | $14.15 | $14.15 |
Leases_Details
Leases (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Future minimum lease payments under operating leases | ' |
2014 | $310 |
2015 | 95 |
2016 | 100 |
2017 | 86 |
2018 | 77 |
Thereafter | 77 |
Total minimum lease payments | $745 |
Leases_Details_Textual
Leases (Details Textual) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Leases (Textual) | ' | ' |
Operating leases expiration period for State Bank and Trust Company and RDSI Banking Systems | 'Over the next ten years. | ' |
Lease renewal options for period | '5 years | ' |
Rental expense of operating lease | $0.45 | $0.46 |
Disclosures_About_Fair_Value_o2
Disclosures About Fair Value of Assets and Liabilities (Details) (Available-For-Sale Securities [Member], USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
U.S. Treasury and Government agencies [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | $11,300 | $14,511 |
Mortgage-backed securities [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 57,223 | 63,764 |
State and political subdivisions [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 18,155 | 18,249 |
Money Market Mutual Fund [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 3,092 | 2,155 |
Equity securities [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 23 | 23 |
Interest Rate Contract Asset [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 257 | 254 |
Interest Rate Contract Liabilities [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | -257 | -254 |
Level 1 [Member] | U.S. Treasury and Government agencies [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 1 [Member] | Mortgage-backed securities [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 1 [Member] | State and political subdivisions [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 1 [Member] | Money Market Mutual Fund [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 3,092 | 2,155 |
Level 1 [Member] | Equity securities [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 1 [Member] | Interest Rate Contract Asset [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 1 [Member] | Interest Rate Contract Liabilities [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 2 [Member] | U.S. Treasury and Government agencies [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 11,300 | 14,511 |
Level 2 [Member] | Mortgage-backed securities [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 57,223 | 63,764 |
Level 2 [Member] | State and political subdivisions [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 18,155 | 18,249 |
Level 2 [Member] | Money Market Mutual Fund [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 2 [Member] | Equity securities [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 23 | 23 |
Level 2 [Member] | Interest Rate Contract Asset [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | 257 | 254 |
Level 2 [Member] | Interest Rate Contract Liabilities [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | -257 | -254 |
Level 3 [Member] | U.S. Treasury and Government agencies [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 3 [Member] | Mortgage-backed securities [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 3 [Member] | State and political subdivisions [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 3 [Member] | Money Market Mutual Fund [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 3 [Member] | Equity securities [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 3 [Member] | Interest Rate Contract Asset [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Level 3 [Member] | Interest Rate Contract Liabilities [Member] | ' | ' |
Fair value measurements of securities measured at fair value on a recurring basis | ' | ' |
Assets, Fair value, Recurring | ' | ' |
Disclosures_About_Fair_Value_o3
Disclosures About Fair Value of Assets and Liabilities (Details 1) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Impaired loans [Member] | ' | ' |
Fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | $3,540 | $2,227 |
Impaired loans [Member] | Level 1 [Member] | ' | ' |
Fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | ' | ' |
Impaired loans [Member] | Level 2 [Member] | ' | ' |
Fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | ' | ' |
Impaired loans [Member] | Level 3 [Member] | ' | ' |
Fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | 3,540 | 2,227 |
Mortgage Servicing Rights [Member] | ' | ' |
Fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | 2,029 | 3,775 |
Mortgage Servicing Rights [Member] | Level 1 [Member] | ' | ' |
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] | ' | ' |
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] | ' | ' |
Fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | 2,029 | 3,775 |
Foreclosed Assets [Member] | ' | ' |
Fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | 45 | 950 |
Foreclosed Assets [Member] | Level 1 [Member] | ' | ' |
Fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | ' | ' |
Foreclosed Assets [Member] | Level 2 [Member] | ' | ' |
Fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | ' | ' |
Foreclosed Assets [Member] | Level 3 [Member] | ' | ' |
Fair value measurements of assets measured at fair value on a non-recurring basis | ' | ' |
Assets, Fair value, Nonrecurring | $45 | $950 |
Disclosures_About_Fair_Value_o4
Disclosures About Fair Value of Assets and Liabilities (Details 2) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 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 | $3,540 | $2,227 |
Fair Value Measurements, Valuation Techniques | 'Market comparable properties | 'Market comparable properties |
Collateral-dependent impaired loans [Member] | Comparability Adjustments Percent [Member] | ' | ' |
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements | ' | ' |
Fair Value Measurements Unobservable Input Description | 'Comparability adjustments (%) | 'Comparability adjustments (%) |
Fair Value Input Interest Rate | 0.00% | 0.00% |
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 | ' | 950 |
Fair Value Measurements, Valuation Techniques | 'Market comparable properties | 'Market comparable properties |
Foreclosed assets [Member] | Marketability Discount [Member] | ' | ' |
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements | ' | ' |
Fair Value Measurements Unobservable Input Description | 'Marketability discount | 'Marketability discount |
Fair Value Input Interest Rate | 10.00% | 10.00% |
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 | $2,029 | $3,755 |
Fair Value Measurements, Valuation Techniques | 'Discounted cash flow | 'Discounted cash flow |
Mortgage servicing rights [Member] | Discount Rate [Member] | ' | ' |
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements | ' | ' |
Fair Value Measurements Unobservable Input Description | 'Discount Rate | 'Discount Rate |
Fair Value Input Interest Rate | 10.25% | 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 Unobservable Input Description | 'Constant prepayment rate | 'Constant prepayment rate |
Fair Value Input Interest Rate | 8.50% | 15.60% |
Mortgage servicing rights [Member] | T and I Earnings Credit [Member] | ' | ' |
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements | ' | ' |
Fair Value Measurements Unobservable Input Description | 'T&I earnings credit | 'T&I earnings credit |
Fair Value Input Interest Rate | 1.54% | 0.81% |
Mortgage servicing rights [Member] | P and I Earnings Credit [Member] | ' | ' |
Quantitative information about unobservable inputs used in recurring and nonrecurring fair value measurements | ' | ' |
Fair Value Measurements Unobservable Input Description | 'P&I earnings credit | 'P&I earnings credit |
Fair Value Input Interest Rate | 0.17% | 0.21% |
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 Unobservable Input Description | 'Inflation for cost of servicing | 'Inflation for cost of servicing |
Fair Value Input Interest Rate | 1.50% | 1.50% |
Disclosures_About_Fair_Value_o5
Disclosures About Fair Value of Assets and Liabilities (Details 3) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Summary of estimated fair values of company's financial instruments | ' | ' | ' |
Cash and cash equivalents | $13,137 | $19,144 | $14,846 |
Loans held for sale, Carrying Amount | 3,366 | 6,147 | ' |
Loans, net of allowance for loan losses, Carrying Amount | 470,339 | 456,578 | ' |
Federal Reserve and FHLB Bank stock, Carrying Amount | 3,748 | 3,748 | ' |
Mortgage servicing rights carrying amount | 5,180 | 3,775 | ' |
Interest receivable, Carrying Amount | 1,281 | 1,235 | ' |
Deposits, Carrying Amount | 518,234 | 527,001 | ' |
Short-term borrowings | 14,696 | 10,333 | ' |
Notes payable, Carrying Amount | 589 | 1,702 | ' |
FHLB advances, Carrying Amount | 16,000 | 21,000 | ' |
Trust preferred securities, Carrying Amount | 20,620 | 20,620 | ' |
Accrued interest payable, Carrying Amount | 639 | 138 | ' |
Level 1 [Member] | ' | ' | ' |
Summary of estimated fair values of company's financial instruments | ' | ' | ' |
Cash and cash equivalents Fair Value | 13,137 | 19,144 | ' |
Loans held for sale, Fair Value | ' | ' | ' |
Loans, net of allowance for loan losses, Fair Value | ' | ' | ' |
Federal Reserve and FHLB Bank stock at cost, Fair Value | ' | ' | ' |
Mortgage servicing rights fair value | ' | ' | ' |
Accrued interest receivable, Fair Value | ' | ' | ' |
Deposits, Fair Value | 81,570 | 77,799 | ' |
Short-term borrowings, Fair Value | ' | ' | ' |
Notes payable, Fair Value | ' | ' | ' |
FHLB advances, Fair Value | ' | ' | ' |
Trust preferred securities, Fair Value | ' | ' | ' |
Accrued interest payable, Fair Value | ' | ' | ' |
Level 2 [Member] | ' | ' | ' |
Summary of estimated fair values of company's financial instruments | ' | ' | ' |
Cash and cash equivalents Fair Value | ' | ' | ' |
Loans held for sale, Fair Value | 3,476 | 6,350 | ' |
Loans, net of allowance for loan losses, Fair Value | ' | ' | ' |
Federal Reserve and FHLB Bank stock at cost, Fair Value | 3,748 | 3,748 | ' |
Mortgage servicing rights fair value | ' | ' | ' |
Accrued interest receivable, Fair Value | 1,281 | 1,235 | ' |
Deposits, Fair Value | 439,273 | 452,298 | ' |
Short-term borrowings, Fair Value | 14,696 | 10,333 | ' |
Notes payable, Fair Value | 600 | 1,731 | ' |
FHLB advances, Fair Value | 15,955 | 21,274 | ' |
Trust preferred securities, Fair Value | 15,566 | 7,353 | ' |
Accrued interest payable, Fair Value | 639 | 138 | ' |
Level 3 [Member] | ' | ' | ' |
Summary of estimated fair values of company's financial instruments | ' | ' | ' |
Cash and cash equivalents Fair Value | ' | ' | ' |
Loans held for sale, Fair Value | ' | ' | ' |
Loans, net of allowance for loan losses, Fair Value | 469,505 | 462,773 | ' |
Federal Reserve and FHLB Bank stock at cost, Fair Value | ' | ' | ' |
Mortgage servicing rights fair value | 6,237 | 4,329 | ' |
Accrued interest receivable, Fair Value | ' | ' | ' |
Deposits, Fair Value | ' | ' | ' |
Short-term borrowings, Fair Value | ' | ' | ' |
Notes payable, Fair Value | ' | ' | ' |
FHLB advances, Fair Value | ' | ' | ' |
Trust preferred securities, Fair Value | ' | ' | ' |
Accrued interest payable, Fair Value | ' | ' | ' |
Disclosures_About_Fair_Value_o6
Disclosures About Fair Value of Assets and Liabilities (Details Textual) | 12 Months Ended |
Dec. 31, 2013 | |
Disclosures About Fair Value Of Assets and Liabilities [Abstract] | ' |
Interest rate on mortgage service description | 'The mortgage servicing rights have increased in value. The servicing rights have had a decline in prepayments and the 1.75% increase in the discount rate reflects the rise in market rates. |
Commitments_and_Credit_Risk_De
Commitments and Credit Risk (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of line of credit facilities | ' | ' |
Total | $94,307 | $87,097 |
Loan commitments and unused lines of credit [Member] | ' | ' |
Schedule of line of credit facilities | ' | ' |
Total | 93,286 | 81,399 |
Standby letters of credit [Member] | ' | ' |
Schedule of line of credit facilities | ' | ' |
Total | $1,021 | $5,698 |
Commitments_and_Credit_Risk_De1
Commitments and Credit Risk (Details Textual) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Commitments and Credit Risk (Textual) | ' | ' |
Agricultural loans, percentage of diversified portfolio | 8.00% | 9.00% |
Period under which company commits to sell loans at specified rates in future | '45 days | ' |
Forward rate commitments to sell residential mortgage loans | $6.80 | ' |
Condensed_Financial_Informatio2
Condensed Financial Information (Parent Company Only) (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Assets | ' | ' | ' |
Cash and cash equivalents | $13,137 | $19,144 | $14,846 |
Other assets | 1,738 | 3,426 | ' |
Total assets | 631,754 | 638,234 | ' |
Liabilities | ' | ' | ' |
Notes payable | 589 | 1,702 | ' |
Total liabilities | 575,485 | 584,950 | ' |
Total liabilities and stockholders' equity | 631,754 | 638,234 | ' |
Parent [Member] | ' | ' | ' |
Assets | ' | ' | ' |
Cash and cash equivalents | 6,353 | 601 | ' |
Investment in common stock of banking subsidiaries | 72,391 | 71,136 | ' |
Investment in nonbanking subsidiaries | 1,237 | 1,427 | ' |
Other assets | 270 | 2,164 | ' |
Total assets | 80,251 | 75,328 | ' |
Liabilities | ' | ' | ' |
Trust preferred securities | 20,000 | 20,000 | ' |
Borrowings from nonbanking subsidiaries | 620 | 620 | ' |
Notes payable | ' | 750 | ' |
Other liabilities & accrued interest payable | 3,362 | 838 | ' |
Total liabilities | 23,982 | 22,208 | ' |
Stockholders' Equity | 56,269 | 53,120 | ' |
Total liabilities and stockholders' equity | $80,251 | $75,328 | ' |
Condensed_Financial_Informatio3
Condensed Financial Information (Parent Company Only) (Details 1) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense | $939 | $971 | $1,010 | $1,115 | $1,194 | $1,232 | $1,342 | $1,672 | $4,035 | $5,390 |
Income tax benefit | 522 | 578 | 571 | 572 | 667 | 513 | 391 | 358 | 2,243 | 1,929 |
Equity in undistributed income of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income | 1,224 | 1,344 | 1,319 | 1,318 | 1,524 | 1,304 | 1,014 | 972 | 5,205 | 4,814 |
Comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | 3,449 | 5,301 |
Parent [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends from subsidiaries: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Banking subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 4,000 | 4,600 |
Nonbanking subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 186 | 119 |
Total | ' | ' | ' | ' | ' | ' | ' | ' | 4,186 | 4,719 |
Other income | ' | ' | ' | ' | ' | ' | ' | ' | 21 | 264 |
Total income | ' | ' | ' | ' | ' | ' | ' | ' | 4,207 | 4,983 |
Expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 1,407 | 1,881 |
Other expense | ' | ' | ' | ' | ' | ' | ' | ' | 938 | 1,269 |
Total expenses | ' | ' | ' | ' | ' | ' | ' | ' | 2,345 | 3,150 |
Income before income tax and equity in undistributed income of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 1,862 | 1,833 |
Income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | -790 | -987 |
Income before equity in undistributed income of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 2,652 | 2,820 |
Equity in undistributed income of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Banking subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 3,081 | 1,832 |
Nonbanking subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | -364 | 304 |
Total | ' | ' | ' | ' | ' | ' | ' | ' | 2,717 | 2,136 |
Net Income | ' | ' | ' | ' | ' | ' | ' | ' | 5,369 | 4,956 |
Comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | $3,449 | $5,301 |
Condensed_Financial_Informatio4
Condensed Financial Information (Parent Company Only) (Details 2) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Operating Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income | $1,224 | $1,344 | $1,319 | $1,318 | $1,524 | $1,304 | $1,014 | $972 | $5,205 | $4,814 |
Items not requiring (providing) cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other assets | ' | ' | ' | ' | ' | ' | ' | ' | -1,236 | 62 |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | 13,946 | 7,417 |
Investing Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net cash used in investing activities | ' | ' | ' | ' | ' | ' | ' | ' | -8,909 | -10,048 |
Financing Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends on Common Stock | ' | ' | ' | ' | ' | ' | ' | ' | -586 | ' |
Proceeds from stock options | ' | ' | ' | ' | ' | ' | ' | ' | 58 | ' |
Repayment of Notes Payable | ' | ' | ' | ' | ' | ' | ' | ' | 1,113 | 1,086 |
Net cash used in financing activities | ' | ' | ' | ' | ' | ' | ' | ' | -11,045 | 6,928 |
Net Change in Cash and Cash Equivalents | ' | ' | ' | ' | ' | ' | ' | ' | -6,007 | 4,298 |
Cash and Cash Equivalents, Beginning of Year | ' | ' | ' | 19,144 | ' | ' | ' | 14,846 | 19,144 | 14,846 |
Cash and Cash Equivalents, End of Year | 13,137 | ' | ' | ' | 19,144 | ' | ' | ' | 13,137 | 19,144 |
Parent [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income | ' | ' | ' | ' | ' | ' | ' | ' | 5,369 | 4,956 |
Items not requiring (providing) cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity in undistributed net income of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | -2,717 | -2,136 |
Expense of stock option plan | ' | ' | ' | ' | ' | ' | ' | ' | 64 | 51 |
Other assets | ' | ' | ' | ' | ' | ' | ' | ' | 1,894 | 560 |
Other liabilities | ' | ' | ' | ' | ' | ' | ' | ' | 2,523 | -2,625 |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | 7,133 | 806 |
Investing Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase in Notes Receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000 |
Investment in Subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | -103 | -2,613 |
Net cash used in investing activities | ' | ' | ' | ' | ' | ' | ' | ' | -103 | -613 |
Financing Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends on Common Stock | ' | ' | ' | ' | ' | ' | ' | ' | -586 | ' |
Proceeds from stock options | ' | ' | ' | ' | ' | ' | ' | ' | 58 | ' |
Repayment of Notes Payable | ' | ' | ' | ' | ' | ' | ' | ' | -750 | -750 |
Net cash used in financing activities | ' | ' | ' | ' | ' | ' | ' | ' | -1,278 | -750 |
Net Change in Cash and Cash Equivalents | ' | ' | ' | ' | ' | ' | ' | ' | 5,752 | -557 |
Cash and Cash Equivalents, Beginning of Year | ' | ' | ' | 601 | ' | ' | ' | ' | 601 | ' |
Cash and Cash Equivalents, End of Year | $6,353 | ' | ' | ' | $601 | ' | ' | ' | $6,353 | $601 |
Condensed_Financial_Informatio5
Condensed Financial Information (Parent Company Only) (Details Textual) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2011 |
Loan | ||
Condensed Financial Information (Parent Company Only) (Textual) | ' | ' |
Number of affiliates whose transaction offset in the Parent Company financial statements | 2 | ' |
Related party transaction, amounts of transaction | ' | $0.31 |
Reduction in income due to transfer of asset between two affiliates | $0.14 | ' |
Segment_Information_Details
Segment Information (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Income Statement information: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net interest income (expense) | $4,996 | $5,175 | $5,350 | $5,292 | $5,155 | $5,434 | $5,268 | $4,875 | $20,813 | $20,732 |
Other revenue - external customers | ' | ' | ' | ' | ' | ' | ' | ' | 14,163 | 14,740 |
Other revenue - other segments | ' | ' | ' | ' | ' | ' | ' | ' | -117 | 105 |
Net interest income and other revenue | ' | ' | ' | ' | ' | ' | ' | ' | 34,859 | 35,577 |
Non-interest expense | 6,199 | 6,562 | 7,080 | 6,670 | 7,212 | 6,725 | 6,871 | 6,676 | 26,511 | 27,484 |
Significant noncash items: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 1,089 | 1,232 |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 900 | 1,350 |
Income tax benefit | 522 | 578 | 571 | 572 | 667 | 513 | 391 | 358 | 2,243 | 1,929 |
Segment profit (loss) | 1,224 | 1,344 | 1,319 | 1,318 | 1,524 | 1,304 | 1,014 | 972 | 5,205 | 4,814 |
Fixed asset and software impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | 65 |
Balance sheet information: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | 631,754 | ' | ' | ' | 638,234 | ' | ' | ' | 631,754 | 638,234 |
Goodwill and intangibles | 17,008 | ' | ' | ' | 17,572 | ' | ' | ' | 17,008 | 17,572 |
Premises and equipment expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 1,152 | 833 |
Banking [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Statement information: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net interest income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | 22,266 | 22,760 |
Other revenue - external customers | ' | ' | ' | ' | ' | ' | ' | ' | 12,662 | 12,427 |
Other revenue - other segments | ' | ' | ' | ' | ' | ' | ' | ' | 295 | 289 |
Net interest income and other revenue | ' | ' | ' | ' | ' | ' | ' | ' | 35,223 | 35,476 |
Non-interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 24,135 | 24,974 |
Significant noncash items: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 970 | 942 |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 900 | 1,350 |
Income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | 3,128 | 2,719 |
Segment profit (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 7,060 | 6,434 |
Fixed asset and software impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | 65 |
Balance sheet information: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | 631,708 | ' | ' | ' | 633,353 | ' | ' | ' | 631,708 | 633,353 |
Goodwill and intangibles | 17,008 | ' | ' | ' | 17,572 | ' | ' | ' | 17,008 | 17,572 |
Premises and equipment expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 1,144 | 831 |
Data Processing [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Statement information: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net interest income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | -47 | -114 |
Other revenue - external customers | ' | ' | ' | ' | ' | ' | ' | ' | 1,501 | 2,294 |
Other revenue - other segments | ' | ' | ' | ' | ' | ' | ' | ' | 836 | 1,537 |
Net interest income and other revenue | ' | ' | ' | ' | ' | ' | ' | ' | 2,290 | 3,717 |
Non-interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 2,570 | 3,345 |
Significant noncash items: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 114 | 280 |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | -95 | 198 |
Segment profit (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -185 | 384 |
Fixed asset and software impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance sheet information: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | 1,658 | ' | ' | ' | 2,250 | ' | ' | ' | 1,658 | 2,250 |
Goodwill and intangibles | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Premises and equipment expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 8 | 2 |
Other [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Statement information: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net interest income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | -1,406 | -1,881 |
Other revenue - external customers | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19 |
Other revenue - other segments | ' | ' | ' | ' | ' | ' | ' | ' | 21 | 245 |
Net interest income and other revenue | ' | ' | ' | ' | ' | ' | ' | ' | -1,385 | -1,617 |
Non-interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 938 | 1,270 |
Significant noncash items: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 5 | 10 |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | -790 | -988 |
Segment profit (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -1,533 | -1,899 |
Fixed asset and software impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance sheet information: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | 78,293 | ' | ' | ' | 75,328 | ' | ' | ' | 78,293 | 75,328 |
Goodwill and intangibles | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Premises and equipment expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Segments [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Statement information: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net interest income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | 20,813 | 20,765 |
Other revenue - external customers | ' | ' | ' | ' | ' | ' | ' | ' | 14,163 | 14,740 |
Other revenue - other segments | ' | ' | ' | ' | ' | ' | ' | ' | 1,152 | 2,071 |
Net interest income and other revenue | ' | ' | ' | ' | ' | ' | ' | ' | 36,128 | 37,576 |
Non-interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 27,643 | 29,589 |
Significant noncash items: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 1,089 | 1,232 |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | 900 | 1,350 |
Income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | 2,243 | 1,929 |
Segment profit (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 5,342 | 4,709 |
Fixed asset and software impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | 65 |
Balance sheet information: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | 711,659 | ' | ' | ' | 710,931 | ' | ' | ' | 711,659 | 710,931 |
Goodwill and intangibles | 17,008 | ' | ' | ' | 17,572 | ' | ' | ' | 17,008 | 17,572 |
Premises and equipment expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 1,152 | 833 |
Intersegment Elimination [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income Statement information: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net interest income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -33 |
Other revenue - external customers | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other revenue - other segments | ' | ' | ' | ' | ' | ' | ' | ' | -1,269 | -1,966 |
Net interest income and other revenue | ' | ' | ' | ' | ' | ' | ' | ' | -1,269 | -1,999 |
Non-interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -1,132 | -2,104 |
Significant noncash items: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Provision for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment profit (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -137 | 105 |
Fixed asset and software impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance sheet information: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | -79,905 | ' | ' | ' | -72,697 | ' | ' | ' | -79,905 | -72,697 |
Goodwill and intangibles | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Premises and equipment expenditures | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly_Financial_Informatio2
Quarterly Financial Information (Unaudited) (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Summary of selected quarterly financial information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest income | $5,935 | $6,146 | $6,360 | $6,407 | $6,349 | $6,666 | $6,610 | $6,497 | $24,848 | $26,122 |
Interest expense | 939 | 971 | 1,010 | 1,115 | 1,194 | 1,232 | 1,342 | 1,672 | 4,035 | 5,390 |
Net interest income | 4,996 | 5,175 | 5,350 | 5,292 | 5,155 | 5,434 | 5,268 | 4,875 | 20,813 | 20,732 |
Provision for loan losses | ' | 401 | 200 | 299 | 400 | 300 | 200 | 450 | 900 | 1,350 |
Non-interest income | 2,949 | 3,710 | 3,820 | 3,567 | 4,648 | 3,408 | 3,208 | 3,581 | 14,046 | 14,845 |
Non-interest expense | 6,199 | 6,562 | 7,080 | 6,670 | 7,212 | 6,725 | 6,871 | 6,676 | 26,511 | 27,484 |
Income tax benefit | 522 | 578 | 571 | 572 | 667 | 513 | 391 | 358 | 2,243 | 1,929 |
Net Income | $1,224 | $1,344 | $1,319 | $1,318 | $1,524 | $1,304 | $1,014 | $972 | $5,205 | $4,814 |
Earnings per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic | $0.25 | $0.28 | $0.27 | $0.27 | $0.31 | $0.27 | $0.21 | $0.20 | $1.07 | $0.99 |
Diluted | $0.25 | $0.28 | $0.27 | $0.27 | $0.31 | $0.27 | $0.21 | $0.20 | $1.07 | $0.99 |
Dividends per share | $0.04 | $0.03 | $0.06 | ' | ' | ' | ' | ' | ' | ' |