Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2014 | Oct. 31, 2014 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Trading Symbol | 'PFBX | ' |
Entity Registrant Name | 'PEOPLES FINANCIAL CORP /MS/ | ' |
Entity Central Index Key | '0000770460 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 5,123,186 |
Consolidated_Statements_of_Con
Consolidated Statements of Condition (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Cash and due from banks | $31,379 | $36,264 |
Federal funds sold | 25,000 | ' |
Available for sale securities | 263,045 | 275,440 |
Held to maturity securities, fair value of $15,586 at September 30, 2014; $10,686 at December 31, 2013 | 15,617 | 11,142 |
Other investments | 3,026 | 3,262 |
Federal Home Loan Bank Stock, at cost | 4,302 | 3,834 |
Loans | 358,192 | 375,349 |
Less: Allowance for loan losses | 11,010 | 8,934 |
Loans, net | 347,182 | 366,415 |
Bank premises and equipment, net of accumulated depreciation | 24,105 | 25,308 |
Other real estate | 9,710 | 9,630 |
Accrued interest receivable | 2,206 | 2,607 |
Cash surrender value of life insurance | 17,896 | 17,456 |
Other assets | 9,802 | 10,906 |
Total assets | 753,270 | 762,264 |
Deposits: | ' | ' |
Demand, non-interest bearing | 134,954 | 107,117 |
Savings and demand, interest bearing | 232,508 | 217,005 |
Time, $100,000 or more | 41,056 | 60,519 |
Other time deposits | 41,186 | 43,917 |
Total deposits | 449,704 | 428,558 |
Federal funds purchased and securities sold under agreements to repurchase | 120,774 | 139,639 |
Borrowings from Federal Home Loan Bank | 62,505 | 77,684 |
Employee and director benefit plans liabilities | 13,497 | 12,725 |
Other liabilities | 4,417 | 4,511 |
Total liabilities | 650,897 | 663,117 |
Shareholders' Equity: | ' | ' |
Common stock, $1 par value, 15,000,000 shares authorized, 5,123,186 shares issued and outstanding at September 30, 2014 and December 31, 2013 | 5,123 | 5,123 |
Surplus | 65,780 | 65,780 |
Undivided profits | 32,862 | 34,259 |
Accumulated other comprehensive loss, net of tax | -1,392 | -6,015 |
Total shareholders' equity | 102,373 | 99,147 |
Total liabilities and shareholders' equity | $753,270 | $762,264 |
Consolidated_Statements_of_Con1
Consolidated Statements of Condition (Parenthetical) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Held to maturity securities, fair value | $15,586,000 | $10,686,000 |
Common stock, par value | $1 | $1 |
Common stock, shares authorized | 15,000,000 | 15,000,000 |
Common stock, shares issued | 5,123,186 | 5,123,186 |
Common stock, shares outstanding | 5,123,186 | 5,123,186 |
Minimum [Member] | ' | ' |
Time deposits | $100,000 | $100,000 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Interest income: | ' | ' | ' | ' |
Interest and fees on loans | $3,867 | $4,217 | $12,284 | $12,995 |
Interest and dividends on securities: | ' | ' | ' | ' |
U.S. Treasuries | 159 | 139 | 473 | 430 |
U.S. Government agencies | 785 | 828 | 2,390 | 2,307 |
Mortgage-backed securities | 234 | 228 | 720 | 458 |
States and political subdivisions | 405 | 384 | 1,169 | 1,140 |
Other investments | 12 | 6 | 16 | 12 |
Interest on federal funds sold | 5 | 3 | 12 | 67 |
Total interest income | 5,467 | 5,805 | 17,064 | 17,409 |
Interest expense: | ' | ' | ' | ' |
Deposits | 482 | 293 | 965 | 928 |
Borrowings from Federal Home Loan Bank | 66 | 43 | 172 | 124 |
Federal funds purchased and securities sold under agreements to repurchase | 23 | 38 | 72 | 127 |
Total interest expense | 571 | 374 | 1,209 | 1,179 |
Net interest income | 4,896 | 5,431 | 15,855 | 16,230 |
Provision for allowance for loan losses | 3,541 | 542 | 4,615 | 4,619 |
Net interest income after provision for allowance for loan losses | 1,355 | 4,889 | 11,240 | 11,611 |
Non-interest income: | ' | ' | ' | ' |
Trust department income and fees | 391 | 368 | 1,108 | 1,062 |
Service charges on deposit accounts | 1,437 | 1,618 | 4,656 | 4,649 |
Gain on sales and calls of securities | ' | 3 | ' | 258 |
Income (loss) from other investments | -30 | 36 | ' | 45 |
Increase in cash surrender value of life insurance | 115 | 121 | 360 | 364 |
Other income | 166 | 160 | 452 | 460 |
Total non-interest income | 2,079 | 2,306 | 6,576 | 6,838 |
Non-interest expense: | ' | ' | ' | ' |
Salaries and employee benefits | 3,002 | 3,005 | 9,417 | 8,996 |
Net occupancy | 600 | 544 | 1,867 | 1,780 |
Equipment rentals, depreciation and maintenance | 748 | 722 | 2,321 | 2,164 |
FDIC assessments | 259 | 162 | 799 | 607 |
Data processing | 328 | 305 | 1,004 | 925 |
ATM expense | 657 | 635 | 2,072 | 1,826 |
Other expense | 893 | 1,041 | 2,799 | 2,742 |
Total non-interest expense | 6,487 | 6,414 | 20,279 | 19,040 |
Income (loss) before income tax benefit | -3,053 | 781 | -2,463 | -591 |
Income tax benefit | -1,254 | -105 | -1,578 | -936 |
Net income (loss) | ($1,799) | $886 | ($885) | $345 |
Basic and diluted earnings (loss) per share | ($0.35) | $0.18 | ($0.17) | $0.07 |
Dividends declared per share | ' | ' | $0.10 | ' |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net income (loss) | ($1,799) | $886 | ($885) | $345 |
Other comprehensive income (loss), net of tax: | ' | ' | ' | ' |
Net unrealized gain (loss) on available for sale securities, net of tax of $294 and $981 for the three months ended September 30, 2014 and 2013, respectively, and $2,382 and $4,439 for the nine months ended September 30, 2014 and 2013, respectively | 570 | -1,904 | 4,623 | -8,617 |
Reclassification adjustment for realized gains on available for sale securities called or sold, net of tax of $1 for the three months ended September 30, 2013 and $88 for the nine months ended September 30, 2013 | ' | -2 | ' | -170 |
Total other comprehensive income (loss) | 570 | -1,906 | 4,623 | -8,787 |
Total comprehensive income (loss) | ($1,229) | ($1,020) | $3,738 | ($8,442) |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income (Loss) (unaudited) (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Tax portion of unrealized gain (loss) on available for sale securities | $294 | $981 | $2,382 | $4,439 |
Reclassification adjustment for realized gains on available for sale securities called or sold, net of tax of tax | ' | $1 | ' | $88 |
Consolidated_Statement_of_Chan
Consolidated Statement of Changes in Shareholders' Equity (USD $) | Total | Common Stock [Member] | Surplus [Member] | Undivided Profits [Member] | Accumulated Other Comprehensive Income [Member] |
In Thousands, except Share data | |||||
Beginning balance at Dec. 31, 2013 | $99,147 | $5,123 | $65,780 | $34,259 | ($6,015) |
Beginning balance, Shares at Dec. 31, 2013 | ' | 5,123,186 | ' | ' | ' |
Net loss | -885 | ' | ' | -885 | ' |
Other comprehensive income, net of tax | 4,623 | ' | ' | ' | 4,623 |
Cash dividends ($.10 per share) | -512 | ' | ' | -512 | ' |
Ending balance at Sep. 30, 2014 | $102,373 | $5,123 | $65,780 | $32,862 | ($1,392) |
Ending balance, Shares at Sep. 30, 2014 | ' | 5,123,186 | ' | ' | ' |
Consolidated_Statement_of_Chan1
Consolidated Statement of Changes in Shareholders' Equity (Parenthetical) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Statement of Stockholders' Equity [Abstract] | ' |
Cash dividend per share | $0.10 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (unaudited) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Cash flows from operating activities: | ' | ' |
Net income (loss) | ($885) | $345 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ' | ' |
Depreciation | 1,364 | 1,331 |
Provision for allowance for loan losses | 4,615 | 4,619 |
Loss on sales of other real estate | 80 | 59 |
Writedown of other real estate | 219 | 46 |
Gain on sales of bank premises and equipment | ' | -15 |
Income from other investments | ' | -45 |
Gain on sales and calls of securities | ' | -258 |
Accretion of held to maturity securities | -2 | -2 |
Change in accrued interest receivable | 401 | 224 |
Increase in cash surrender value of life insurance | -360 | -364 |
Change in other assets | 964 | 756 |
Change in other liabilities | -1,562 | -1,393 |
Net cash provided by operating activities | 4,834 | 5,303 |
Cash flows from investing activities: | ' | ' |
Proceeds from maturities, sales and calls of available for sale securities | 21,193 | 125,329 |
Proceeds from maturities of held to maturity securities | 215 | ' |
Purchases of available for sale securities | -1,795 | -174,169 |
Purchases of held to maturity securities | -4,688 | -4,670 |
Purchases of Federal Home Loan Bank stock | -468 | -685 |
Redemption of other investments | 236 | 230 |
Proceeds from sales of bank premises and equipment | ' | 19 |
Proceeds from sales of other real estate | 765 | 1,115 |
Insurance proceeds from casualty loss on other real estate | ' | 57 |
Loans, net change | 13,474 | 29,186 |
Acquisition of bank premises and equipment | -161 | -806 |
Investment in cash surrender value of life insurance | -80 | -77 |
Net cash provided by (used in) investing activities | 28,691 | -24,471 |
Cash flows from financing activities: | ' | ' |
Demand and savings deposits, net change | 43,340 | 16,003 |
Time deposits, net change | -22,194 | -28,758 |
Cash dividends | -512 | ' |
Retirement of common stock | ' | -181 |
Borrowings from Federal Home Loan Bank | 1,667,500 | 212,500 |
Repayments to Federal Home Loan Bank | -1,682,679 | -153,170 |
Federal funds purchased and securities sold under agreements to repurchase, net change | -18,865 | -46,604 |
Net cash used in financing activities | -13,410 | -210 |
Net decrease in cash and cash equivalents | 20,115 | -19,378 |
Cash and cash equivalents, beginning of period | 36,264 | 54,020 |
Cash and cash equivalents, end of period | $56,379 | $34,642 |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Basis of Presentation | ' |
1. Basis of Presentation: | |
Peoples Financial Corporation (the “Company”) is a one-bank holding company headquartered in Biloxi, Mississippi. It has two operating subsidiaries, PFC Service Corp., an inactive company, and The Peoples Bank, Biloxi, Mississippi (the “Bank”). The Bank provides a full range of banking, financial and trust services to state, county and local government entities and individuals and small and commercial businesses operating in those portions of Mississippi, Louisiana and Alabama which are within a fifty mile radius of the Waveland, Wiggins and Gautier branches, the Bank’s three most outlying locations (the “trade area”). | |
The accompanying unaudited consolidated financial statements and notes thereto contain all adjustments, consisting only of normal recurring adjustments, necessary to present fairly, in accordance with accounting principles generally accepted in the United States of America (“GAAP”), the financial position of the Company and its subsidiaries as of September 30, 2014 and the results of their operations and their cash flows for the periods presented. The interim financial information should be read in conjunction with the annual consolidated financial statements and the notes thereto included in the Company’s 2013 Annual Report and Form 10-K. | |
The results of operations for the quarter or nine months ended September 30, 2014, are not necessarily indicative of the results to be expected for the full year. | |
Use of Estimates—The preparation of financial statements in conformity with GAAP 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 consolidated financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Material estimates common to the banking industry that are particularly susceptible to significant change in the near term include, but are not limited to, the determination of the allowance for loan losses, the valuation of other real estate acquired in connection with foreclosure or in satisfaction of loans and valuation allowances associated with the realization of deferred tax assets, which are based on future taxable income. | |
Summary of Significant Accounting Policies—The accounting and reporting policies of the Company conform with GAAP and general practices within the banking industry. There have been no material changes or developments in the application of principles or in our evaluation of the accounting estimates and the underlying assumptions or methodologies that we believe to be Critical Accounting Policies as disclosed in our Form 10-K for the year ended December 31, 2013. | |
New Accounting Pronouncements—In April 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-06, Technical Corrections and Improvements Related to Glossary Terms. This ASU added, deleted, corrected and modified terms in the Master Glossary of the Codification and was effective upon issuance. The adoption of this ASU did not have a material effect on the Company’s financial position, results of operations or cash flows. In August 2014, the FASB issued ASU No. 2014-14, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure. This ASU requires that a mortgage loan be derecognized and a separate other receivable be recognized upon foreclosure if certain conditions are met. ASU No. 2014-14 is effective for annual periods and interim periods within those annual periods beginning after December 31, 2014. In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements – Going Concern (Subtopic205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. This ASU defines management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern and to provide related footnote disclosures. ASU 2014-15 is effective for annual periods ending after December 31, 2016, and interim periods within annual periods beginning after December 14, 2016. The adoption of ASU 2014-14 and ASU 2014-15 is not expected to have a material effect on the Company’s financial position, results of operations or cash flows. |
Earnings_Per_Share
Earnings Per Share | 9 Months Ended |
Sep. 30, 2014 | |
Earnings Per Share [Abstract] | ' |
Earnings Per Share | ' |
2. Earnings Per Share: | |
Per share data is based on the weighted average shares of common stock outstanding of 5,123,186 and 5,123,316 for the quarters ended September 30, 2014 and 2013, respectively, and 5,123,186 and 5,130,811 for the nine months ended September 30, 2014 and 2013, respectively. |
Statements_of_Cash_Flows
Statements of Cash Flows | 9 Months Ended |
Sep. 30, 2014 | |
Supplemental Cash Flow Elements [Abstract] | ' |
Statements of Cash Flows | ' |
3. Statements of Cash Flows: | |
The Company has defined cash and cash equivalents as cash and due from banks and federal funds sold. The Company paid $1,209,501 and $1,198,021 for the nine months ended September 30, 2014 and 2013, respectively, for interest on deposits and borrowings. Income tax payments of $320,000 and $810,000 were made during the nine months ended September 30, 2014 and 2013, respectively. Loans transferred to other real estate amounted to $1,143,953 and $3,695,825 during the nine months ended September 30, 2014 and 2013, respectively. |
Investments
Investments | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Investments | ' | ||||||||||||||||||||||||
4. Investments: | |||||||||||||||||||||||||
The amortized cost and fair value of securities at September 30, 2014 and December 31, 2013, are as follows (in thousands): | |||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Unrealized | Unrealized | ||||||||||||||||||||||||
30-Sep-14 | Amortized Cost | Gains | Losses | Fair Value | |||||||||||||||||||||
Available for sale securities: | |||||||||||||||||||||||||
Debt securities: | |||||||||||||||||||||||||
U.S. Treasuries | $ | 37,669 | $ | 146 | $ | (537 | ) | $ | 37,278 | ||||||||||||||||
U.S. Government agencies | 148,813 | 724 | (5,462 | ) | 144,075 | ||||||||||||||||||||
Mortgage-backed securities | 46,400 | 423 | (452 | ) | 46,371 | ||||||||||||||||||||
States and political subdivisions | 33,345 | 1,326 | 34,671 | ||||||||||||||||||||||
Total debt securities | 266,227 | 2,619 | (6,451 | ) | 262,395 | ||||||||||||||||||||
Equity securities | 650 | 650 | |||||||||||||||||||||||
Total available for sale securities | $ | 266,877 | $ | 2,619 | $ | (6,451 | ) | $ | 263,045 | ||||||||||||||||
Held to maturity securities: | |||||||||||||||||||||||||
States and political subdivisions | $ | 15,617 | $ | 73 | $ | (104 | ) | $ | 15,586 | ||||||||||||||||
Total held to maturity securities | $ | 15,617 | $ | 73 | $ | (104 | ) | $ | 15,586 | ||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Unrealized | Unrealized | ||||||||||||||||||||||||
31-Dec-13 | Amortized Cost | Gains | Losses | Fair Value | |||||||||||||||||||||
Available for sale securities: | |||||||||||||||||||||||||
Debt securities: | |||||||||||||||||||||||||
U.S. Treasuries | $ | 44,636 | $ | 54 | $ | (1,042 | ) | $ | 43,648 | ||||||||||||||||
U.S. Government agencies | 155,772 | 734 | (10,701 | ) | 145,805 | ||||||||||||||||||||
Mortgage-backed securities | 51,454 | 141 | (1,269 | ) | 50,326 | ||||||||||||||||||||
States and political subdivisions | 33,764 | 1,248 | (1 | ) | 35,011 | ||||||||||||||||||||
Total debt securities | 285,626 | 2,177 | (13,013 | ) | 274,790 | ||||||||||||||||||||
Equity securities | 650 | 650 | |||||||||||||||||||||||
Total available for sale securities | $ | 286,276 | $ | 2,177 | $ | (13,013 | ) | $ | 275,440 | ||||||||||||||||
Held to maturity securities: | |||||||||||||||||||||||||
States and political subdivisions | $ | 11,142 | $ | 13 | $ | (469 | ) | $ | 10,686 | ||||||||||||||||
Total held to maturity securities | $ | 11,142 | $ | 13 | $ | (469 | ) | $ | 10,686 | ||||||||||||||||
The amortized cost and fair value of debt securities at September 30, 2014 (in thousands), by contractual maturity, are shown on the next page. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. | |||||||||||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||||||||||
Available for sale securities: | |||||||||||||||||||||||||
Due in one year or less | $ | 7,583 | $ | 7,661 | |||||||||||||||||||||
Due after one year through five years | 66,926 | 67,065 | |||||||||||||||||||||||
Due after five years through ten years | 58,613 | 58,927 | |||||||||||||||||||||||
Due after ten years | 86,705 | 82,371 | |||||||||||||||||||||||
Mortgage-backed securities | 46,400 | 46,371 | |||||||||||||||||||||||
Totals | $ | 266,227 | $ | 262,395 | |||||||||||||||||||||
Held to maturity securities: | |||||||||||||||||||||||||
Due in one year or less | $ | 657 | $ | 659 | |||||||||||||||||||||
Due after one year through five years | 3,638 | 3,655 | |||||||||||||||||||||||
Due after five years through ten years | 5,875 | 5,896 | |||||||||||||||||||||||
Due after ten years | 5,447 | 5,376 | |||||||||||||||||||||||
Totals | $ | 15,617 | $ | 15,586 | |||||||||||||||||||||
Available for sale and held to maturity securities with gross unrealized losses at September 30, 2014 and December 31, 2013, aggregated by investment category and length of time that individual securities have been in a continuous loss position, are as follows (in thousands): | |||||||||||||||||||||||||
Less Than Twelve Months | Over Twelve Months | Total | |||||||||||||||||||||||
Gross | Gross | Gross | |||||||||||||||||||||||
Unrealized | Unrealized | Unrealized | |||||||||||||||||||||||
September 30, 2014: | Fair Value | Losses | Fair Value | Losses | Fair Value | Losses | |||||||||||||||||||
U.S. Treasuries | $ | 4,936 | $ | 47 | $ | 25,300 | $ | 490 | $ | 30,236 | $ | 537 | |||||||||||||
U.S. Government agencies | 4,931 | 42 | 111,427 | 5,420 | 116,358 | 5,462 | |||||||||||||||||||
Mortgage-backed securities | 28,317 | 452 | 28,317 | 452 | |||||||||||||||||||||
States and political subdivisions | 3,846 | 40 | 4,055 | 64 | 7,901 | 104 | |||||||||||||||||||
TOTAL | $ | 13,713 | $ | 129 | $ | 169,099 | $ | 6,426 | $ | 182,812 | $ | 6,555 | |||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
U.S. Treasuries | $ | 29,708 | $ | 1,042 | $ | $ | $ | 29,708 | $ | 1,042 | |||||||||||||||
U.S. Government agencies | 113,446 | 10,322 | 4,621 | 379 | 118,067 | 10,701 | |||||||||||||||||||
Mortgage-backed securities | 44,269 | 1,269 | 44,269 | 1,269 | |||||||||||||||||||||
States and political subdivisions | 7,690 | 470 | 7,690 | 470 | |||||||||||||||||||||
TOTAL | $ | 195,113 | $ | 13,103 | $ | 4,621 | $ | 379 | $ | 199,734 | $ | 13,482 | |||||||||||||
At September 30, 2014, 7 of the 10 securities issued by the U.S. Treasury, 23 of the 29 securities issued by U.S. Government agencies, 7 of the 13 mortgage-backed securities and 21 of the 157 securities issued by states and political subdivisions contained unrealized losses. | |||||||||||||||||||||||||
Management evaluates securities for other-than-temporary impairment on a monthly basis. In performing this evaluation, the length of time and the extent to which the fair value has been less than cost, the fact that the Company’s securities are primarily issued by U.S. Treasury and U.S. Government Agencies and the cause of the decline in value are considered. In addition, the Company does not intend to sell and it is not more likely than not that it will be required to sell these securities before maturity. While some available for sale securities have been sold for liquidity purposes or for gains, the Company has traditionally held its securities, including those classified as available for sale, until maturity. As a result of the evaluation of these securities, the Company has determined that the unrealized losses summarized in the tables above are not deemed to be other-than-temporary. | |||||||||||||||||||||||||
Securities with a fair value of $212,315,955 and $262,830,011 at September 30, 2014 and December 31, 2013, respectively, were pledged to secure public deposits, federal funds purchased and other balances required by law. | |||||||||||||||||||||||||
Proceeds from the sale of available for sale debt securities were $26,075,225 for the nine months ended September 30, 2013. Available for sale debt securities were sold for a realized gain of $257,997. There were no sales of available for sale securities in 2014. |
Loans
Loans | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Loans | ' | ||||||||||||||||||||||||||||
5. Loans: | |||||||||||||||||||||||||||||
The composition of the loan portfolio at September 30, 2014 and December 31, 2013, is as follows (in thousands): | |||||||||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||
Gaming | $ | 23,747 | $ | 29,570 | |||||||||||||||||||||||||
Residential and land development | 16,873 | 19,403 | |||||||||||||||||||||||||||
Real estate, construction | 39,976 | 44,987 | |||||||||||||||||||||||||||
Real estate, mortgage | 242,128 | 237,158 | |||||||||||||||||||||||||||
Commercial and industrial | 26,049 | 35,007 | |||||||||||||||||||||||||||
Other | 9,419 | 9,224 | |||||||||||||||||||||||||||
Total | $ | 358,192 | $ | 375,349 | |||||||||||||||||||||||||
The age analysis of the loan portfolio, segregated by class of loans, as of September 30, 2014 and December 31, 2013, is as follows (in thousands): | |||||||||||||||||||||||||||||
Loans Past | |||||||||||||||||||||||||||||
Due Greater | |||||||||||||||||||||||||||||
Number of Days Past Due | Than 90 | ||||||||||||||||||||||||||||
Greater | Total | Total | Days & | ||||||||||||||||||||||||||
30 - 59 | 60 - 89 | Than 90 | Past Due | Current | Loans | Still Accruing | |||||||||||||||||||||||
September 30, 2014: | |||||||||||||||||||||||||||||
Gaming | $ | $ | $ | 591 | $ | 591 | $ | 23,156 | $ | 23,747 | $ | ||||||||||||||||||
Residential and land development | 11,440 | 11,440 | 5,433 | 16,873 | |||||||||||||||||||||||||
Real estate, construction | 1,596 | 755 | 1,303 | 3,654 | 36,322 | 39,976 | 81 | ||||||||||||||||||||||
Real estate, mortgage | 8,381 | 11,666 | 4,003 | 24,050 | 218,078 | 242,128 | 1,197 | ||||||||||||||||||||||
Commercial and industrial | 878 | 1,061 | 216 | 2,155 | 23,894 | 26,049 | |||||||||||||||||||||||
Other | 177 | 63 | 240 | 9,179 | 9,419 | ||||||||||||||||||||||||
Total | $ | 11,032 | $ | 13,545 | $ | 17,553 | $ | 42,130 | $ | 316,062 | $ | 358,192 | $ | 1,278 | |||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||||||
Gaming | $ | $ | $ | $ | $ | 29,570 | $ | 29,570 | $ | ||||||||||||||||||||
Residential and land development | 51 | 13,572 | 13,623 | 5,780 | 19,403 | ||||||||||||||||||||||||
Real estate, construction | 3,846 | 9,452 | 13,298 | 31,689 | 44,987 | 146 | |||||||||||||||||||||||
Real estate, mortgage | 6,910 | 2,684 | 5,134 | 14,728 | 222,430 | 237,158 | 505 | ||||||||||||||||||||||
Commercial and industrial | 1,192 | 1,192 | 33,815 | 35,007 | |||||||||||||||||||||||||
Other | 227 | 5 | 232 | 8,992 | 9,224 | ||||||||||||||||||||||||
Total | $ | 12,226 | $ | 2,689 | $ | 28,158 | $ | 43,073 | $ | 332,276 | $ | 375,349 | $ | 651 | |||||||||||||||
The Company monitors the credit quality of its loan portfolio through the use of a loan grading system. A score of 1 – 5 is assigned to the loan on factors including repayment ability, trends in net worth and/or financial condition of the borrower and guarantors, employment stability, management ability, loan to value fluctuations, the type and structure of the loan, conformity of the loan to bank policy and payment performance. Based on the total score, a loan grade of A - F is applied. A grade of A will generally be applied to loans for customers that are well known to the Company and that have excellent sources of repayment. A grade of B will generally be applied to loans for customers that have excellent sources of repayment which have no identifiable risk of collection. A grade of C will generally be applied to loans for customers that have adequate sources of repayment which have little identifiable risk of collection. Loans with a grade of C may be placed on the watch list if weaknesses are not resolved which could result in potential loss or for other circumstances that require monitoring. A grade of D will generally be applied to loans for customers that are inadequately protected by current sound net worth, paying capacity of the borrower, or pledged collateral. Loans with a grade of D have unsatisfactory characteristics such as cash flow deficiencies, bankruptcy filing by the borrower or dependence on the sale of collateral for the primary source of repayment, causing more than acceptable levels of risk. Loans 60 to 89 days past due receive a grade of D. A grade of E will generally be applied to loans for customers with weaknesses inherent in the “D” classification and in which collection or liquidation in full is questionable. In addition, on a monthly basis the Company determines which loans are 90 days or more past due and assigns a grade of E to them. A grade of F is applied to loans which are considered uncollectible and of such little value that their continuance in an active bank is not warranted. Loans with this grade are charged off, even though partial or full recovery may be possible in the future. | |||||||||||||||||||||||||||||
An analysis of the loan portfolio by loan grade, segregated by class of loans, as of September 30, 2014 and December 31, 2013, is as follows (in thousands): | |||||||||||||||||||||||||||||
Loans With A Grade Of: | |||||||||||||||||||||||||||||
A or B | C | D | E | F | Total | ||||||||||||||||||||||||
September 30, 2014: | |||||||||||||||||||||||||||||
Gaming | $ | 23,156 | $ | $ | $ | 591 | $ | $ | 23,747 | ||||||||||||||||||||
Residential and land development | 4,004 | 1,401 | 28 | 11,440 | 16,873 | ||||||||||||||||||||||||
Real estate, construction | 33,069 | 729 | 3,813 | 2,365 | 39,976 | ||||||||||||||||||||||||
Real estate, mortgage | 202,585 | 4,025 | 17,396 | 18,122 | 242,128 | ||||||||||||||||||||||||
Commercial and industrial | 23,232 | 25 | 2,735 | 57 | 26,049 | ||||||||||||||||||||||||
Other | 9,377 | 9 | 31 | 2 | 9,419 | ||||||||||||||||||||||||
Total | $ | 295,423 | $ | 6,189 | $ | 24,003 | $ | 32,577 | $ | $ | 358,192 | ||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||||||
Gaming | $ | 23,975 | $ | 2,500 | $ | $ | 3,095 | $ | $ | 29,570 | |||||||||||||||||||
Residential and land development | 4,236 | 1,544 | 51 | 13,572 | 19,403 | ||||||||||||||||||||||||
Real estate, construction | 38,808 | 781 | 2,220 | 3,178 | 44,987 | ||||||||||||||||||||||||
Real estate, mortgage | 204,569 | 4,495 | 17,852 | 10,242 | 237,158 | ||||||||||||||||||||||||
Commercial and industrial | 31,902 | 682 | 2,402 | 21 | 35,007 | ||||||||||||||||||||||||
Other | 9,131 | 24 | 50 | 19 | 9,224 | ||||||||||||||||||||||||
Total | $ | 312,621 | $ | 10,026 | $ | 22,575 | $ | 30,127 | $ | $ | 375,349 | ||||||||||||||||||
A loan may be impaired but not on nonaccrual status when the loan is well secured and in the process of collection. Total loans on nonaccrual as of September 30, 2014 and December 31, 2013, are as follows (in thousands): | |||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||
Gaming | $ | 591 | $ | 1,223 | |||||||||||||||||||||||||
Residential and land development | 11,440 | 13,572 | |||||||||||||||||||||||||||
Real estate, construction | 1,772 | 2,588 | |||||||||||||||||||||||||||
Real estate, mortgage | 18,768 | 8,788 | |||||||||||||||||||||||||||
Commercial and industrial | 880 | ||||||||||||||||||||||||||||
Total | $ | 33,451 | $ | 26,171 | |||||||||||||||||||||||||
The Company has modified certain loans by granting interest rate concessions to these customers. These loans are in compliance with their modified terms, are currently accruing and the Company has classified them as troubled debt restructurings. Troubled debt restructurings as of September 30, 2014 and December 31, 2013 were as follows (in thousands except for number of contracts): | |||||||||||||||||||||||||||||
Number of | Pre-Modification | Post-Modification | Related | ||||||||||||||||||||||||||
Contracts | Outstanding | Outstanding | Allowance | ||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
September 30, 2014: | |||||||||||||||||||||||||||||
Real estate, construction | 2 | $ | 856 | $ | 856 | $ | 267 | ||||||||||||||||||||||
Real estate, mortgage | 5 | 1,820 | 1,820 | 190 | |||||||||||||||||||||||||
Total | 7 | $ | 2,676 | $ | 2,676 | $ | 457 | ||||||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||||||
Real estate, construction | 2 | $ | 891 | $ | 891 | $ | 270 | ||||||||||||||||||||||
Real estate, mortgage | 6 | 10,012 | 10,012 | 994 | |||||||||||||||||||||||||
Commercial and industrial | 1 | 678 | 678 | ||||||||||||||||||||||||||
Total | 9 | $ | 11,581 | $ | 11,581 | $ | 1,264 | ||||||||||||||||||||||
During September 2014, two loans which had been classified as troubled debt restructurings at December 31, 2013 became in default of their modified terms and were placed on nonaccrual. These loans included one loan that was included in the real estate – mortgage segment with a balance of $8,169,179 and one loan that was included in the commercial and industrial segment with a balance of $677,901 as of December 31, 2013. | |||||||||||||||||||||||||||||
Impaired loans, which include loans classified as nonaccrual and troubled debt restructurings, segregated by class of loans, as of September 30, 2014 and December 31, 2013, are as follows (in thousands): | |||||||||||||||||||||||||||||
Unpaid | Recorded | Related | Average | Interest | |||||||||||||||||||||||||
Principal | Investment | Allowance | Recorded | Income | |||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||
September 30, 2014: | |||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Residential and land development | $ | 19,625 | $ | 10,425 | $ | $ | 12,158 | $ | |||||||||||||||||||||
Real estate, construction | 2,090 | 2,090 | 1,774 | 25 | |||||||||||||||||||||||||
Real estate, mortgage | 12,185 | 11,585 | 9,563 | 27 | |||||||||||||||||||||||||
Commercial and industrial | 880 | 880 | 680 | 15 | |||||||||||||||||||||||||
Total | 34,780 | 24,980 | 24,175 | 67 | |||||||||||||||||||||||||
With a related allowance recorded: | |||||||||||||||||||||||||||||
Gaming | 1,691 | 591 | 166 | 941 | |||||||||||||||||||||||||
Residential and land development | 2,119 | 1,015 | 177 | 1,016 | |||||||||||||||||||||||||
Real estate, construction | 538 | 538 | 291 | 567 | 11 | ||||||||||||||||||||||||
Real estate, mortgage | 9,003 | 9,003 | 4,312 | 8,965 | 202 | ||||||||||||||||||||||||
Total | 13,351 | 11,147 | 4,946 | 11,489 | 213 | ||||||||||||||||||||||||
Total by class of loans: | |||||||||||||||||||||||||||||
Gaming | 1,691 | 591 | 166 | 941 | |||||||||||||||||||||||||
Residential and land development | 21,744 | 11,440 | 177 | 13,174 | |||||||||||||||||||||||||
Real estate, construction | 2,628 | 2,628 | 291 | 2,341 | 36 | ||||||||||||||||||||||||
Real estate, mortgage | 21,188 | 20,588 | 4,312 | 18,528 | 229 | ||||||||||||||||||||||||
Commercial and industrial | 880 | 880 | 680 | 15 | |||||||||||||||||||||||||
Total | $ | 48,131 | $ | 36,127 | $ | 4,946 | $ | 35,664 | $ | 280 | |||||||||||||||||||
Unpaid | Recorded | Related | Average | Interest | |||||||||||||||||||||||||
Principal | Investment | Allowance | Recorded | Income | |||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Residential and land development | $ | 4,425 | $ | 4,425 | $ | $ | 4,465 | $ | |||||||||||||||||||||
Real estate, construction | 2,294 | 2,294 | 2,054 | 26 | |||||||||||||||||||||||||
Real estate, mortgage | 9,722 | 9,123 | 9,097 | 26 | |||||||||||||||||||||||||
Commercial and industrial | 678 | 678 | 689 | 24 | |||||||||||||||||||||||||
Total | 17,119 | 16,520 | 16,305 | 76 | |||||||||||||||||||||||||
With a related allowance recorded: | |||||||||||||||||||||||||||||
Gaming | 1,698 | 1,223 | 626 | 1,316 | |||||||||||||||||||||||||
Residential and land development | 17,576 | 9,147 | 471 | 15,909 | |||||||||||||||||||||||||
Real estate, construction | 1,185 | 1,185 | 337 | 1,239 | 23 | ||||||||||||||||||||||||
Real estate, mortgage | 9,677 | 9,677 | 1,110 | 8,801 | 306 | ||||||||||||||||||||||||
Total | 30,136 | 21,232 | 2,544 | 27,265 | 329 | ||||||||||||||||||||||||
Total by class of loans: | |||||||||||||||||||||||||||||
Gaming | 1,698 | 1,223 | 626 | 1,316 | |||||||||||||||||||||||||
Residential and land development | 22,001 | 13,572 | 471 | 20,374 | |||||||||||||||||||||||||
Real estate, construction | 3,479 | 3,479 | 337 | 3,293 | 49 | ||||||||||||||||||||||||
Real estate, mortgage | 19,399 | 18,800 | 1,110 | 17,898 | 332 | ||||||||||||||||||||||||
Commercial and industrial | 678 | 678 | 689 | 24 | |||||||||||||||||||||||||
Total | $ | 47,255 | $ | 37,752 | $ | 2,544 | $ | 43,570 | $ | 405 | |||||||||||||||||||
Allowance_for_Loan_Losses
Allowance for Loan Losses | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||
Valuation and Qualifying Accounts [Abstract] | ' | ||||||||||||||||||||||||||||
Allowance for Loan Losses | ' | ||||||||||||||||||||||||||||
6. Allowance for Loan Losses: | |||||||||||||||||||||||||||||
Transactions in the allowance for loan losses for the quarters and nine months ended September 30, 2014 and 2013, and the balances of loans, individually and collectively evaluated for impairment, as of September 30, 2014 and 2013, are as follows (in thousands): | |||||||||||||||||||||||||||||
Gaming | Residential and | Real Estate, | Real Estate, | Commercial | Other | Total | |||||||||||||||||||||||
Land | Construction | Mortgage | and Industrial | ||||||||||||||||||||||||||
Development | |||||||||||||||||||||||||||||
For the Nine Months Ended September 30, 2014: | |||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 977 | $ | 776 | $ | 695 | $ | 5,553 | $ | 632 | $ | 301 | $ | 8,934 | |||||||||||||||
Charge-offs | (701 | ) | (1,875 | ) | (108 | ) | (163 | ) | (9 | ) | (176 | ) | (3,032 | ) | |||||||||||||||
Recoveries | 261 | 147 | 18 | 67 | 493 | ||||||||||||||||||||||||
Provision | 12 | 1,550 | 73 | 2,975 | (98 | ) | 103 | 4,615 | |||||||||||||||||||||
Ending Balance | $ | 549 | $ | 451 | $ | 660 | $ | 8,512 | $ | 543 | $ | 295 | $ | 11,010 | |||||||||||||||
For the Quarter Ended September 30, 2014: | |||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 355 | $ | 705 | $ | 686 | $ | 6,749 | $ | 653 | $ | 286 | $ | 9,434 | |||||||||||||||
Charge-offs | (75 | ) | (1,875 | ) | (104 | ) | (127 | ) | (3 | ) | (60 | ) | (2,244 | ) | |||||||||||||||
Recoveries | 171 | 66 | 4 | 38 | 279 | ||||||||||||||||||||||||
Provision | 98 | 1,621 | 78 | 1,824 | (111 | ) | 31 | 3,541 | |||||||||||||||||||||
Ending Balance | $ | 549 | $ | 451 | $ | 660 | $ | 8,512 | $ | 543 | $ | 295 | $ | 11,010 | |||||||||||||||
Allowance for loan losses, September 30, 2014: | |||||||||||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 166 | $ | 177 | $ | 563 | $ | 5,102 | $ | 293 | $ | 2 | $ | 6,303 | |||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 383 | $ | 274 | $ | 97 | $ | 3,410 | $ | 250 | $ | 293 | $ | 4,707 | |||||||||||||||
Total Loans, September 30, 2014: | |||||||||||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 591 | $ | 11,467 | $ | 6,179 | $ | 35,518 | $ | 2,792 | $ | 33 | $ | 56,580 | |||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 23,156 | $ | 5,406 | $ | 33,797 | $ | 206,610 | $ | 23,257 | $ | 9,386 | $ | 301,612 | |||||||||||||||
Gaming | Residential and | Real Estate, | Real Estate, | Commercial | Other | Total | |||||||||||||||||||||||
Land | Construction | Mortgage | and Industrial | ||||||||||||||||||||||||||
Development | |||||||||||||||||||||||||||||
For the Nine Months Ended September 30, 2013: | |||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 1,541 | $ | 200 | $ | 967 | $ | 5,273 | $ | 593 | $ | 283 | $ | 8,857 | |||||||||||||||
Charge-offs | (474 | ) | (947 | ) | (623 | ) | (21 | ) | (173 | ) | (2,238 | ) | |||||||||||||||||
Recoveries | 65 | 67 | 79 | 150 | 24 | 73 | 458 | ||||||||||||||||||||||
Provision | (143 | ) | 3,068 | 586 | 999 | 4 | 105 | 4,619 | |||||||||||||||||||||
Ending Balance | $ | 989 | $ | 3,335 | $ | 685 | $ | 5,799 | $ | 600 | $ | 288 | $ | 11,696 | |||||||||||||||
For the Quarter Ended September 30, 2013: | |||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 986 | $ | 3,343 | $ | 1,330 | $ | 5,588 | $ | 627 | $ | 276 | $ | 12,150 | |||||||||||||||
Charge-offs | (900 | ) | (342 | ) | (21 | ) | (43 | ) | (1,306 | ) | |||||||||||||||||||
Recoveries | 65 | 79 | 148 | 2 | 16 | 310 | |||||||||||||||||||||||
Provision | (62 | ) | (8 | ) | 176 | 405 | (8 | ) | 39 | 542 | |||||||||||||||||||
Ending Balance | $ | 989 | $ | 3,335 | $ | 685 | $ | 5,799 | $ | 600 | $ | 288 | $ | 11,696 | |||||||||||||||
Allowance for loan losses, September 30, 2013: | |||||||||||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 626 | $ | 3,149 | $ | 651 | $ | 2,128 | $ | 330 | $ | 33 | $ | 6,917 | |||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 363 | $ | 186 | $ | 34 | $ | 3,671 | $ | 270 | $ | 255 | $ | 4,779 | |||||||||||||||
Total Loans, September 30, 2013: | |||||||||||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 13,888 | $ | 20,974 | $ | 5,570 | $ | 28,693 | $ | 2,505 | $ | 80 | $ | 71,710 | |||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 28,679 | $ | 5,836 | $ | 39,035 | $ | 210,327 | $ | 32,359 | $ | 8,476 | $ | 324,712 | |||||||||||||||
Deposits
Deposits | 9 Months Ended |
Sep. 30, 2014 | |
Banking and Thrift [Abstract] | ' |
Deposits | ' |
7. Deposits: | |
At September 30, 2014, time deposits of $100,000 or more include brokered deposits of $5,000,000, which mature in 2017. |
Fair_Value_Measurements_and_Di
Fair Value Measurements and Disclosures | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value Measurements and Disclosures | ' | ||||||||||||||||||||
8. Fair Value Measurements and Disclosures: | |||||||||||||||||||||
The Company utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Available for sale securities are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record other assets at fair value on a non-recurring basis, such as impaired loans and ORE. These non-recurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. Additionally, the Company is required to disclose, but not record, the fair value of other financial instruments. | |||||||||||||||||||||
Fair Value Hierarchy | |||||||||||||||||||||
The Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. | |||||||||||||||||||||
These levels are: | |||||||||||||||||||||
Level 1 - Valuation is based upon quoted prices for identical instruments traded in active markets. | |||||||||||||||||||||
Level 2 - Valuation is based upon quoted market prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market. | |||||||||||||||||||||
Level 3 - Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include the use of option pricing models, discounted cash flow models and similar techniques. | |||||||||||||||||||||
Following is a description of valuation methodologies used to determine the fair value of financial assets and liabilities. | |||||||||||||||||||||
Cash and Due from Banks | |||||||||||||||||||||
The carrying amount shown as cash and due from banks approximates fair value. | |||||||||||||||||||||
Federal Funds Sold | |||||||||||||||||||||
The carrying amount shown as federal funds sold approximates fair value. | |||||||||||||||||||||
Available for Sale Securities | |||||||||||||||||||||
The fair value of available for sale securities is based on quoted market prices. The Company’s available for sale securities are reported at their estimated fair value, which is determined utilizing several sources. The primary source is Interactive Data Corporation, which utilizes pricing models that vary based on asset class and include available trade, bid and other market information and whose methodology includes broker quotes, proprietary models and vast descriptive databases. The other source for determining fair value is matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark securities. All of the Company’s available for sale securities are Level 2 assets. | |||||||||||||||||||||
Held to Maturity Securities | |||||||||||||||||||||
The fair value of held to maturity securities is based on quoted market prices. | |||||||||||||||||||||
Other Investments | |||||||||||||||||||||
The carrying amount shown as other investments approximates fair value. | |||||||||||||||||||||
Federal Home Loan Bank Stock | |||||||||||||||||||||
The carrying amount shown as Federal Home Loan Bank Stock approximates fair value. | |||||||||||||||||||||
Loans | |||||||||||||||||||||
The fair value of fixed rate loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings for the remaining maturities. The cash flows considered in computing the fair value of such loans are segmented into categories relating to the nature of the contract and collateral based on contractual principal maturities. Appropriate adjustments are made to reflect probable credit losses. Cash flows have not been adjusted for such factors as prepayment risk or the effect of the maturity of balloon notes. The fair value of floating rate loans is estimated to be its carrying value. At each reporting period, the Company determines which loans are impaired. Accordingly, the Company’s impaired loans are reported at their estimated fair value on a non-recurring basis. An allowance for each impaired loan, which are generally collateral-dependent, is calculated based on the fair value of its collateral. The fair value of the collateral is based on appraisals performed by third-party valuation specialists. Factors including the assumptions and techniques utilized by the appraiser are considered by Management. If the recorded investment in the impaired loan exceeds the measure of fair value of the collateral, a valuation allowance is recorded as a component of the allowance for loan losses. Impaired loans are non-recurring Level 3 assets. | |||||||||||||||||||||
Other Real Estate | |||||||||||||||||||||
In the course of lending operations, Management may determine that it is necessary to foreclose on the related collateral. Other real estate acquired through foreclosure is carried at fair value, less estimated costs to sell. The fair value of the collateral is based on appraisals performed by third-party valuation specialists. Factors including the assumptions and techniques utilized by the appraiser are considered by Management. If the current appraisal is more than one year old and/or the loan balance is more than $200,000, a new appraisal is obtained. Otherwise, the Bank’s in-house property evaluator and Management will determine the fair value of the collateral, based on comparable sales, market conditions, Management’s plans for disposition and other estimates of fair value obtained from principally independent sources, adjusted for estimated selling costs. Other real estate is a non-recurring Level 3 asset. | |||||||||||||||||||||
Cash Surrender Value of Life Insurance | |||||||||||||||||||||
The carrying amount of cash surrender value of bank-owned life insurance approximates fair value. | |||||||||||||||||||||
Deposits | |||||||||||||||||||||
The fair value of non-interest bearing demand and interest bearing savings and demand deposits is the amount reported in the financial statements. The fair value of time deposits is estimated by discounting the cash flows using current rates of time deposits with similar remaining maturities. The cash flows considered in computing the fair value of such deposits are based on contractual maturities, since approximately 98% of time deposits provide for automatic renewal at current interest rates. | |||||||||||||||||||||
Federal Funds Purchased and Securities Sold under Agreements to Repurchase | |||||||||||||||||||||
The carrying amount shown as federal funds purchased and securities sold under agreements to repurchase approximates fair value. | |||||||||||||||||||||
Borrowings from Federal Home Loan Bank | |||||||||||||||||||||
The fair value of Federal Home Loan Bank (“FHLB”) fixed rate borrowings is estimated using discounted cash flows based on current incremental borrowing rates for similar types of borrowing arrangements. The fair value of FHLB variable rate borrowings is estimated to be its carrying value. | |||||||||||||||||||||
The balances of available for sale securities, which are the only assets measured at fair value on a recurring basis, by level within the fair value hierarchy and by investment type, as of September 30, 2014 and December 31, 2013 are as follows (in thousands): | |||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||
September 30, 2014: | |||||||||||||||||||||
U.S. Treasuries | $ | 37,278 | $ | $ | 37,278 | $ | |||||||||||||||
U.S. Government agencies | 144,075 | 144,075 | |||||||||||||||||||
Mortgage-backed securities | 46,371 | 46,371 | |||||||||||||||||||
States and political subdivisions | 34,671 | 34,671 | |||||||||||||||||||
Equity securities | 650 | 650 | |||||||||||||||||||
Total | $ | 263,045 | $ | $ | 263,045 | $ | |||||||||||||||
December 31, 2013: | |||||||||||||||||||||
U.S. Treasuries | $ | 43,648 | $ | $ | 43,648 | $ | |||||||||||||||
U.S. Government agencies | 145,805 | 145,805 | |||||||||||||||||||
Mortgage-backed securities | 50,326 | 50,326 | |||||||||||||||||||
States and political subdivisions | 35,011 | 35,011 | |||||||||||||||||||
Equity securities | 650 | 650 | |||||||||||||||||||
Total | $ | 275,440 | $ | $ | 275,440 | $ | |||||||||||||||
Impaired loans, which are measured at fair value on a non-recurring basis, by level within the fair value hierarchy as of September 30, 2014 and December 31, 2013 are as follows (in thousands): | |||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||
30-Sep-14 | $ | 12,346 | $ | $ | $ | 12,346 | |||||||||||||||
31-Dec-13 | 18,831 | 18,831 | |||||||||||||||||||
The following table presents a summary of changes in the fair value of impaired loans which are measured using level 3 inputs (in thousands): | |||||||||||||||||||||
For the Nine | For the Year | ||||||||||||||||||||
Months Ended | Ended | ||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
Balance, beginning of period | $ | 18,831 | $ | 16,030 | |||||||||||||||||
Additions to impaired loans and troubled debt restructurings | 212 | 17,424 | |||||||||||||||||||
Principal payments, charge-offs and transfers to other real estate | (4,297 | ) | (15,153 | ) | |||||||||||||||||
Change in allowance for loan losses on impaired loans | (2,400 | ) | 530 | ||||||||||||||||||
Balance, end of period | $ | 12,346 | $ | 18,831 | |||||||||||||||||
Other real estate, which is measured at fair value on a non-recurring basis, by level within the fair value hierarchy as of September 30, 2014 and December 31, 2013 are as follows (in thousands): | |||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||
30-Sep-14 | $ | 9,710 | $ | $ | $ | 9,710 | |||||||||||||||
31-Dec-13 | 9,630 | 9,630 | |||||||||||||||||||
The following table presents a summary of changes in the fair value of other real estate which is measured using level 3 inputs (in thousands): | |||||||||||||||||||||
For the Nine | For the Year | ||||||||||||||||||||
Months Ended | Ended | ||||||||||||||||||||
30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||
Balance, beginning of period | $ | 9,630 | $ | 7,008 | |||||||||||||||||
Loans transferred to ORE | 1,144 | 4,537 | |||||||||||||||||||
Sales | (845 | ) | (1,188 | ) | |||||||||||||||||
Writedowns | (219 | ) | (670 | ) | |||||||||||||||||
Insurance proceeds for casualty loss | (57 | ) | |||||||||||||||||||
Balance, end of period | $ | 9,710 | $ | 9,630 | |||||||||||||||||
The carrying value and estimated fair value of assets and liabilities, by level within the fair value hierarchy, at September 30, 2014 and December 31, 2013, are as follows (in thousands): | |||||||||||||||||||||
Carrying | Fair Value Measurements Using | ||||||||||||||||||||
Amount | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||
September 30, 2014: | |||||||||||||||||||||
Financial Assets: | |||||||||||||||||||||
Cash and due from banks | $ | 31,379 | $ | 31,379 | $ | $ | $ | 31,379 | |||||||||||||
Federal funds sold | 25,000 | 25,000 | 25,000 | ||||||||||||||||||
Available for sale securities | 263,045 | 263,045 | 263,045 | ||||||||||||||||||
Held to maturity securities | 15,617 | 15,586 | 15,586 | ||||||||||||||||||
Other investments | 3,025 | 3,025 | 3,025 | ||||||||||||||||||
Federal Home Loan Bank stock | 4,302 | 4,302 | 4,302 | ||||||||||||||||||
Loans, net | 347,182 | 348,610 | 348,610 | ||||||||||||||||||
Other real estate | 9,710 | 9,710 | 9,710 | ||||||||||||||||||
Cash surrender value of life insurance | 17,896 | 17,896 | 17,896 | ||||||||||||||||||
Financial Liabilities: | |||||||||||||||||||||
Deposits: | |||||||||||||||||||||
Non-interest bearing | 134,954 | 134,954 | 134,954 | ||||||||||||||||||
Interest bearing | 314,750 | 315,920 | 315,920 | ||||||||||||||||||
Federal funds purchased and securities sold under agreements to repurchase | 120,774 | 120,774 | 120,774 | ||||||||||||||||||
Borrowings from Federal Home Loan Bank | 62,505 | 63,377 | 63,377 | ||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||
Financial Assets: | |||||||||||||||||||||
Cash and due from banks | $ | 36,264 | $ | 36,264 | $ | $ | $ | 36,264 | |||||||||||||
Available for sale securities | 257,440 | 275,440 | 275,440 | ||||||||||||||||||
Held to maturity securities | 11,142 | 10,686 | 10,686 | ||||||||||||||||||
Other investments | 3,262 | 3,262 | 3,262 | ||||||||||||||||||
Federal Home Loan Bank stock | 3,834 | 3,834 | 3,834 | ||||||||||||||||||
Loans, net | 366,415 | 369,117 | 369,117 | ||||||||||||||||||
Other real estate | 9,630 | 9,630 | 9,630 | ||||||||||||||||||
Cash surrender value of life insurance | 17,456 | 17,456 | 17,456 | ||||||||||||||||||
Financial Liabilities: | |||||||||||||||||||||
Deposits: | |||||||||||||||||||||
Non-interest bearing | 107,117 | 107,117 | 107,117 | ||||||||||||||||||
Interest bearing | 321,441 | 322,535 | 322,535 | ||||||||||||||||||
Federal funds purchased and securities sold under agreements to repurchase | 139,639 | 139,639 | 139,639 | ||||||||||||||||||
Borrowings from Federal Home Loan Bank | 77,684 | 79,051 | 79,051 |
Reclassifications
Reclassifications | 9 Months Ended |
Sep. 30, 2014 | |
Equity [Abstract] | ' |
Reclassifications | ' |
9. Reclassifications: | |
Certain reclassifications, which had no effect on prior year net income, have been made to prior period statements to conform to current year presentation. |
Basis_of_Presentation_Policies
Basis of Presentation (Policies) | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Use of Estimates | ' |
Use of Estimates—The preparation of financial statements in conformity with GAAP 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 consolidated financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Material estimates common to the banking industry that are particularly susceptible to significant change in the near term include, but are not limited to, the determination of the allowance for loan losses, the valuation of other real estate acquired in connection with foreclosure or in satisfaction of loans and valuation allowances associated with the realization of deferred tax assets, which are based on future taxable income. | |
Summary of Significant Accounting Policies | ' |
Summary of Significant Accounting Policies—The accounting and reporting policies of the Company conform with GAAP and general practices within the banking industry. There have been no material changes or developments in the application of principles or in our evaluation of the accounting estimates and the underlying assumptions or methodologies that we believe to be Critical Accounting Policies as disclosed in our Form 10-K for the year ended December 31, 2013. | |
New Accounting Pronouncements | ' |
New Accounting Pronouncements—In April 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-06, Technical Corrections and Improvements Related to Glossary Terms. This ASU added, deleted, corrected and modified terms in the Master Glossary of the Codification and was effective upon issuance. The adoption of this ASU did not have a material effect on the Company’s financial position, results of operations or cash flows. In August 2014, the FASB issued ASU No. 2014-14, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure. This ASU requires that a mortgage loan be derecognized and a separate other receivable be recognized upon foreclosure if certain conditions are met. ASU No. 2014-14 is effective for annual periods and interim periods within those annual periods beginning after December 31, 2014. In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements – Going Concern (Subtopic205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. This ASU defines management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern and to provide related footnote disclosures. ASU 2014-15 is effective for annual periods ending after December 31, 2016, and interim periods within annual periods beginning after December 14, 2016. The adoption of ASU 2014-14 and ASU 2014-15 is not expected to have a material effect on the Company’s financial position, results of operations or cash flows. |
Investments_Tables
Investments (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Amortized Cost and Fair Value of Securities | ' | ||||||||||||||||||||||||
The amortized cost and fair value of securities at September 30, 2014 and December 31, 2013, are as follows (in thousands): | |||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Unrealized | Unrealized | ||||||||||||||||||||||||
September 30, 2014 | Amortized Cost | Gains | Losses | Fair Value | |||||||||||||||||||||
Available for sale securities: | |||||||||||||||||||||||||
Debt securities: | |||||||||||||||||||||||||
U.S. Treasuries | $ | 37,669 | $ | 146 | $ | (537 | ) | $ | 37,278 | ||||||||||||||||
U.S. Government agencies | 148,813 | 724 | (5,462 | ) | 144,075 | ||||||||||||||||||||
Mortgage-backed securities | 46,400 | 423 | (452 | ) | 46,371 | ||||||||||||||||||||
States and political subdivisions | 33,345 | 1,326 | 34,671 | ||||||||||||||||||||||
Total debt securities | 266,227 | 2,619 | (6,451 | ) | 262,395 | ||||||||||||||||||||
Equity securities | 650 | 650 | |||||||||||||||||||||||
Total available for sale securities | $ | 266,877 | $ | 2,619 | $ | (6,451 | ) | $ | 263,045 | ||||||||||||||||
Held to maturity securities: | |||||||||||||||||||||||||
States and political subdivisions | $ | 15,617 | $ | 73 | $ | (104 | ) | $ | 15,586 | ||||||||||||||||
Total held to maturity securities | $ | 15,617 | $ | 73 | $ | (104 | ) | $ | 15,586 | ||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Unrealized | Unrealized | ||||||||||||||||||||||||
December 31, 2013 | Amortized Cost | Gains | Losses | Fair Value | |||||||||||||||||||||
Available for sale securities: | |||||||||||||||||||||||||
Debt securities: | |||||||||||||||||||||||||
U.S. Treasuries | $ | 44,636 | $ | 54 | $ | (1,042 | ) | $ | 43,648 | ||||||||||||||||
U.S. Government agencies | 155,772 | 734 | (10,701 | ) | 145,805 | ||||||||||||||||||||
Mortgage-backed securities | 51,454 | 141 | (1,269 | ) | 50,326 | ||||||||||||||||||||
States and political subdivisions | 33,764 | 1,248 | (1 | ) | 35,011 | ||||||||||||||||||||
Total debt securities | 285,626 | 2,177 | (13,013 | ) | 274,790 | ||||||||||||||||||||
Equity securities | 650 | 650 | |||||||||||||||||||||||
Total available for sale securities | $ | 286,276 | $ | 2,177 | $ | (13,013 | ) | $ | 275,440 | ||||||||||||||||
Held to maturity securities: | |||||||||||||||||||||||||
States and political subdivisions | $ | 11,142 | $ | 13 | $ | (469 | ) | $ | 10,686 | ||||||||||||||||
Total held to maturity securities | $ | 11,142 | $ | 13 | $ | (469 | ) | $ | 10,686 | ||||||||||||||||
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity | ' | ||||||||||||||||||||||||
The amortized cost and fair value of debt securities at September 30, 2014 (in thousands), by contractual maturity, are shown on the next page. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. | |||||||||||||||||||||||||
Amortized Cost | Fair Value | ||||||||||||||||||||||||
Available for sale securities: | |||||||||||||||||||||||||
Due in one year or less | $ | 7,583 | $ | 7,661 | |||||||||||||||||||||
Due after one year through five years | 66,926 | 67,065 | |||||||||||||||||||||||
Due after five years through ten years | 58,613 | 58,927 | |||||||||||||||||||||||
Due after ten years | 86,705 | 82,371 | |||||||||||||||||||||||
Mortgage-backed securities | 46,400 | 46,371 | |||||||||||||||||||||||
Totals | $ | 266,227 | $ | 262,395 | |||||||||||||||||||||
Held to maturity securities: | |||||||||||||||||||||||||
Due in one year or less | $ | 657 | $ | 659 | |||||||||||||||||||||
Due after one year through five years | 3,638 | 3,655 | |||||||||||||||||||||||
Due after five years through ten years | 5,875 | 5,896 | |||||||||||||||||||||||
Due after ten years | 5,447 | 5,376 | |||||||||||||||||||||||
Totals | $ | 15,617 | $ | 15,586 | |||||||||||||||||||||
Available for Sale and Held to Maturity Securities with Gross Unrealized Losses | ' | ||||||||||||||||||||||||
Available for sale and held to maturity securities with gross unrealized losses at September 30, 2014 and December 31, 2013, aggregated by investment category and length of time that individual securities have been in a continuous loss position, are as follows (in thousands): | |||||||||||||||||||||||||
Less Than Twelve Months | Over Twelve Months | Total | |||||||||||||||||||||||
Gross | Gross | Gross | |||||||||||||||||||||||
Unrealized | Unrealized | Unrealized | |||||||||||||||||||||||
September 30, 2014: | Fair Value | Losses | Fair Value | Losses | Fair Value | Losses | |||||||||||||||||||
U.S. Treasuries | $ | 4,936 | $ | 47 | $ | 25,300 | $ | 490 | $ | 30,236 | $ | 537 | |||||||||||||
U.S. Government agencies | 4,931 | 42 | 111,427 | 5,420 | 116,358 | 5,462 | |||||||||||||||||||
Mortgage-backed securities | 28,317 | 452 | 28,317 | 452 | |||||||||||||||||||||
States and political subdivisions | 3,846 | 40 | 4,055 | 64 | 7,901 | 104 | |||||||||||||||||||
TOTAL | $ | 13,713 | $ | 129 | $ | 169,099 | $ | 6,426 | $ | 182,812 | $ | 6,555 | |||||||||||||
December 31, 2013: | |||||||||||||||||||||||||
U.S. Treasuries | $ | 29,708 | $ | 1,042 | $ | $ | $ | 29,708 | $ | 1,042 | |||||||||||||||
U.S. Government agencies | 113,446 | 10,322 | 4,621 | 379 | 118,067 | 10,701 | |||||||||||||||||||
Mortgage-backed securities | 44,269 | 1,269 | 44,269 | 1,269 | |||||||||||||||||||||
States and political subdivisions | 7,690 | 470 | 7,690 | 470 | |||||||||||||||||||||
TOTAL | $ | 195,113 | $ | 13,103 | $ | 4,621 | $ | 379 | $ | 199,734 | $ | 13,482 | |||||||||||||
Loans_Tables
Loans (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||
Composition of Loan Portfolio | ' | ||||||||||||||||||||||||||||
The composition of the loan portfolio at September 30, 2014 and December 31, 2013, is as follows (in thousands): | |||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||
Gaming | $ | 23,747 | $ | 29,570 | |||||||||||||||||||||||||
Residential and land development | 16,873 | 19,403 | |||||||||||||||||||||||||||
Real estate, construction | 39,976 | 44,987 | |||||||||||||||||||||||||||
Real estate, mortgage | 242,128 | 237,158 | |||||||||||||||||||||||||||
Commercial and industrial | 26,049 | 35,007 | |||||||||||||||||||||||||||
Other | 9,419 | 9,224 | |||||||||||||||||||||||||||
Total | $ | 358,192 | $ | 375,349 | |||||||||||||||||||||||||
Age Analysis of Loan Portfolio, Segregated by Class of Loans | ' | ||||||||||||||||||||||||||||
The age analysis of the loan portfolio, segregated by class of loans, as of September 30, 2014 and December 31, 2013, is as follows (in thousands): | |||||||||||||||||||||||||||||
Loans Past | |||||||||||||||||||||||||||||
Due Greater | |||||||||||||||||||||||||||||
Number of Days Past Due | Than 90 | ||||||||||||||||||||||||||||
Greater | Total | Total | Days & | ||||||||||||||||||||||||||
30 - 59 | 60 - 89 | Than 90 | Past Due | Current | Loans | Still Accruing | |||||||||||||||||||||||
September 30, 2014: | |||||||||||||||||||||||||||||
Gaming | $ | $ | $ | 591 | $ | 591 | $ | 23,156 | $ | 23,747 | $ | ||||||||||||||||||
Residential and land development | 11,440 | 11,440 | 5,433 | 16,873 | |||||||||||||||||||||||||
Real estate, construction | 1,596 | 755 | 1,303 | 3,654 | 36,322 | 39,976 | 81 | ||||||||||||||||||||||
Real estate, mortgage | 8,381 | 11,666 | 4,003 | 24,050 | 218,078 | 242,128 | 1,197 | ||||||||||||||||||||||
Commercial and industrial | 878 | 1,061 | 216 | 2,155 | 23,894 | 26,049 | |||||||||||||||||||||||
Other | 177 | 63 | 240 | 9,179 | 9,419 | ||||||||||||||||||||||||
Total | $ | 11,032 | $ | 13,545 | $ | 17,553 | $ | 42,130 | $ | 316,062 | $ | 358,192 | $ | 1,278 | |||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||||||
Gaming | $ | $ | $ | $ | $ | 29,570 | $ | 29,570 | $ | ||||||||||||||||||||
Residential and land development | 51 | 13,572 | 13,623 | 5,780 | 19,403 | ||||||||||||||||||||||||
Real estate, construction | 3,846 | 9,452 | 13,298 | 31,689 | 44,987 | 146 | |||||||||||||||||||||||
Real estate, mortgage | 6,910 | 2,684 | 5,134 | 14,728 | 222,430 | 237,158 | 505 | ||||||||||||||||||||||
Commercial and industrial | 1,192 | 1,192 | 33,815 | 35,007 | |||||||||||||||||||||||||
Other | 227 | 5 | 232 | 8,992 | 9,224 | ||||||||||||||||||||||||
Total | $ | 12,226 | $ | 2,689 | $ | 28,158 | $ | 43,073 | $ | 332,276 | $ | 375,349 | $ | 651 | |||||||||||||||
Analysis of Loan Portfolio by Loan Grade, Segregated by Class of Loans | ' | ||||||||||||||||||||||||||||
An analysis of the loan portfolio by loan grade, segregated by class of loans, as of September 30, 2014 and December 31, 2013, is as follows (in thousands): | |||||||||||||||||||||||||||||
Loans With A Grade Of: | |||||||||||||||||||||||||||||
A or B | C | D | E | F | Total | ||||||||||||||||||||||||
September 30, 2014: | |||||||||||||||||||||||||||||
Gaming | $ | 23,156 | $ | $ | $ | 591 | $ | $ | 23,747 | ||||||||||||||||||||
Residential and land development | 4,004 | 1,401 | 28 | 11,440 | 16,873 | ||||||||||||||||||||||||
Real estate, construction | 33,069 | 729 | 3,813 | 2,365 | 39,976 | ||||||||||||||||||||||||
Real estate, mortgage | 202,585 | 4,025 | 17,396 | 18,122 | 242,128 | ||||||||||||||||||||||||
Commercial and industrial | 23,232 | 25 | 2,735 | 57 | 26,049 | ||||||||||||||||||||||||
Other | 9,377 | 9 | 31 | 2 | 9,419 | ||||||||||||||||||||||||
Total | $ | 295,423 | $ | 6,189 | $ | 24,003 | $ | 32,577 | $ | $ | 358,192 | ||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||||||
Gaming | $ | 23,975 | $ | 2,500 | $ | $ | 3,095 | $ | $ | 29,570 | |||||||||||||||||||
Residential and land development | 4,236 | 1,544 | 51 | 13,572 | 19,403 | ||||||||||||||||||||||||
Real estate, construction | 38,808 | 781 | 2,220 | 3,178 | 44,987 | ||||||||||||||||||||||||
Real estate, mortgage | 204,569 | 4,495 | 17,852 | 10,242 | 237,158 | ||||||||||||||||||||||||
Commercial and industrial | 31,902 | 682 | 2,402 | 21 | 35,007 | ||||||||||||||||||||||||
Other | 9,131 | 24 | 50 | 19 | 9,224 | ||||||||||||||||||||||||
Total | $ | 312,621 | $ | 10,026 | $ | 22,575 | $ | 30,127 | $ | $ | 375,349 | ||||||||||||||||||
Total Loans on Nonaccrual | ' | ||||||||||||||||||||||||||||
Total loans on nonaccrual as of September 30, 2014 and December 31, 2013, are as follows (in thousands): | |||||||||||||||||||||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||||||||||||||||||||
Gaming | $ | 591 | $ | 1,223 | |||||||||||||||||||||||||
Residential and land development | 11,440 | 13,572 | |||||||||||||||||||||||||||
Real estate, construction | 1,772 | 2,588 | |||||||||||||||||||||||||||
Real estate, mortgage | 18,768 | 8,788 | |||||||||||||||||||||||||||
Commercial and industrial | 880 | ||||||||||||||||||||||||||||
Total | $ | 33,451 | $ | 26,171 | |||||||||||||||||||||||||
Troubled Debt Restructurings | ' | ||||||||||||||||||||||||||||
The Company has modified certain loans by granting interest rate concessions to these customers. These loans are in compliance with their modified terms, are currently accruing and the Company has classified them as troubled debt restructurings. Troubled debt restructurings as of September 30, 2014 and December 31, 2013 were as follows (in thousands except for number of contracts): | |||||||||||||||||||||||||||||
Number of | Pre-Modification | Post-Modification | Related | ||||||||||||||||||||||||||
Contracts | Outstanding | Outstanding | Allowance | ||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||
September 30, 2014: | |||||||||||||||||||||||||||||
Real estate, construction | 2 | $ | 856 | $ | 856 | $ | 267 | ||||||||||||||||||||||
Real estate, mortgage | 5 | 1,820 | 1,820 | 190 | |||||||||||||||||||||||||
Total | 7 | $ | 2,676 | $ | 2,676 | $ | 457 | ||||||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||||||
Real estate, construction | 2 | $ | 891 | $ | 891 | $ | 270 | ||||||||||||||||||||||
Real estate, mortgage | 6 | 10,012 | 10,012 | 994 | |||||||||||||||||||||||||
Commercial and industrial | 1 | 678 | 678 | ||||||||||||||||||||||||||
Total | 9 | $ | 11,581 | $ | 11,581 | $ | 1,264 | ||||||||||||||||||||||
Impaired Loans, Segregated by Class of Loans | ' | ||||||||||||||||||||||||||||
Impaired loans, which include loans classified as nonaccrual and troubled debt restructurings, segregated by class of loans, as of September 30, 2014 and December 31, 2013, are as follows (in thousands): | |||||||||||||||||||||||||||||
Unpaid | Recorded | Related | Average | Interest | |||||||||||||||||||||||||
Principal | Investment | Allowance | Recorded | Income | |||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||
September 30, 2014: | |||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Residential and land development | $ | 19,625 | $ | 10,425 | $ | $ | 12,158 | $ | |||||||||||||||||||||
Real estate, construction | 2,090 | 2,090 | 1,774 | 25 | |||||||||||||||||||||||||
Real estate, mortgage | 12,185 | 11,585 | 9,563 | 27 | |||||||||||||||||||||||||
Commercial and industrial | 880 | 880 | 680 | 15 | |||||||||||||||||||||||||
Total | 34,780 | 24,980 | 24,175 | 67 | |||||||||||||||||||||||||
With a related allowance recorded: | |||||||||||||||||||||||||||||
Gaming | 1,691 | 591 | 166 | 941 | |||||||||||||||||||||||||
Residential and land development | 2,119 | 1,015 | 177 | 1,016 | |||||||||||||||||||||||||
Real estate, construction | 538 | 538 | 291 | 567 | 11 | ||||||||||||||||||||||||
Real estate, mortgage | 9,003 | 9,003 | 4,312 | 8,965 | 202 | ||||||||||||||||||||||||
Total | 13,351 | 11,147 | 4,946 | 11,489 | 213 | ||||||||||||||||||||||||
Total by class of loans: | |||||||||||||||||||||||||||||
Gaming | 1,691 | 591 | 166 | 941 | |||||||||||||||||||||||||
Residential and land development | 21,744 | 11,440 | 177 | 13,174 | |||||||||||||||||||||||||
Real estate, construction | 2,628 | 2,628 | 291 | 2,341 | 36 | ||||||||||||||||||||||||
Real estate, mortgage | 21,188 | 20,588 | 4,312 | 18,528 | 229 | ||||||||||||||||||||||||
Commercial and industrial | 880 | 880 | 680 | 15 | |||||||||||||||||||||||||
Total | $ | 48,131 | $ | 36,127 | $ | 4,946 | $ | 35,664 | $ | 280 | |||||||||||||||||||
Unpaid | Recorded | Related | Average | Interest | |||||||||||||||||||||||||
Principal | Investment | Allowance | Recorded | Income | |||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||||||||||
With no related allowance recorded: | |||||||||||||||||||||||||||||
Residential and land development | $ | 4,425 | $ | 4,425 | $ | $ | 4,465 | $ | |||||||||||||||||||||
Real estate, construction | 2,294 | 2,294 | 2,054 | 26 | |||||||||||||||||||||||||
Real estate, mortgage | 9,722 | 9,123 | 9,097 | 26 | |||||||||||||||||||||||||
Commercial and industrial | 678 | 678 | 689 | 24 | |||||||||||||||||||||||||
Total | 17,119 | 16,520 | 16,305 | 76 | |||||||||||||||||||||||||
With a related allowance recorded: | |||||||||||||||||||||||||||||
Gaming | 1,698 | 1,223 | 626 | 1,316 | |||||||||||||||||||||||||
Residential and land development | 17,576 | 9,147 | 471 | 15,909 | |||||||||||||||||||||||||
Real estate, construction | 1,185 | 1,185 | 337 | 1,239 | 23 | ||||||||||||||||||||||||
Real estate, mortgage | 9,677 | 9,677 | 1,110 | 8,801 | 306 | ||||||||||||||||||||||||
Total | 30,136 | 21,232 | 2,544 | 27,265 | 329 | ||||||||||||||||||||||||
Total by class of loans: | |||||||||||||||||||||||||||||
Gaming | 1,698 | 1,223 | 626 | 1,316 | |||||||||||||||||||||||||
Residential and land development | 22,001 | 13,572 | 471 | 20,374 | |||||||||||||||||||||||||
Real estate, construction | 3,479 | 3,479 | 337 | 3,293 | 49 | ||||||||||||||||||||||||
Real estate, mortgage | 19,399 | 18,800 | 1,110 | 17,898 | 332 | ||||||||||||||||||||||||
Commercial and industrial | 678 | 678 | 689 | 24 | |||||||||||||||||||||||||
Total | $ | 47,255 | $ | 37,752 | $ | 2,544 | $ | 43,570 | $ | 405 | |||||||||||||||||||
Allowance_for_Loan_Losses_Tabl
Allowance for Loan Losses (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||
Valuation and Qualifying Accounts [Abstract] | ' | ||||||||||||||||||||||||||||
Transactions in Allowance for Loan Losses | ' | ||||||||||||||||||||||||||||
Transactions in the allowance for loan losses for the quarters and nine months ended September 30, 2014 and 2013, and the balances of loans, individually and collectively evaluated for impairment, as of September 30, 2014 and 2013, are as follows (in thousands): | |||||||||||||||||||||||||||||
Gaming | Residential and | Real Estate, | Real Estate, | Commercial | Other | Total | |||||||||||||||||||||||
Land | Construction | Mortgage | and Industrial | ||||||||||||||||||||||||||
Development | |||||||||||||||||||||||||||||
For the Nine Months Ended September 30, 2014: | |||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 977 | $ | 776 | $ | 695 | $ | 5,553 | $ | 632 | $ | 301 | $ | 8,934 | |||||||||||||||
Charge-offs | (701 | ) | (1,875 | ) | (108 | ) | (163 | ) | (9 | ) | (176 | ) | (3,032 | ) | |||||||||||||||
Recoveries | 261 | 147 | 18 | 67 | 493 | ||||||||||||||||||||||||
Provision | 12 | 1,550 | 73 | 2,975 | (98 | ) | 103 | 4,615 | |||||||||||||||||||||
Ending Balance | $ | 549 | $ | 451 | $ | 660 | $ | 8,512 | $ | 543 | $ | 295 | $ | 11,010 | |||||||||||||||
For the Quarter Ended September 30, 2014: | |||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 355 | $ | 705 | $ | 686 | $ | 6,749 | $ | 653 | $ | 286 | $ | 9,434 | |||||||||||||||
Charge-offs | (75 | ) | (1,875 | ) | (104 | ) | (127 | ) | (3 | ) | (60 | ) | (2,244 | ) | |||||||||||||||
Recoveries | 171 | 66 | 4 | 38 | 279 | ||||||||||||||||||||||||
Provision | 98 | 1,621 | 78 | 1,824 | (111 | ) | 31 | 3,541 | |||||||||||||||||||||
Ending Balance | $ | 549 | $ | 451 | $ | 660 | $ | 8,512 | $ | 543 | $ | 295 | $ | 11,010 | |||||||||||||||
Allowance for loan losses, September 30, 2014: | |||||||||||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 166 | $ | 177 | $ | 563 | $ | 5,102 | $ | 293 | $ | 2 | $ | 6,303 | |||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 383 | $ | 274 | $ | 97 | $ | 3,410 | $ | 250 | $ | 293 | $ | 4,707 | |||||||||||||||
Total Loans, September 30, 2014: | |||||||||||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 591 | $ | 11,467 | $ | 6,179 | $ | 35,518 | $ | 2,792 | $ | 33 | $ | 56,580 | |||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 23,156 | $ | 5,406 | $ | 33,797 | $ | 206,610 | $ | 23,257 | $ | 9,386 | $ | 301,612 | |||||||||||||||
Gaming | Residential and | Real Estate, | Real Estate, | Commercial | Other | Total | |||||||||||||||||||||||
Land | Construction | Mortgage | and Industrial | ||||||||||||||||||||||||||
Development | |||||||||||||||||||||||||||||
For the Nine Months Ended September 30, 2013: | |||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 1,541 | $ | 200 | $ | 967 | $ | 5,273 | $ | 593 | $ | 283 | $ | 8,857 | |||||||||||||||
Charge-offs | (474 | ) | (947 | ) | (623 | ) | (21 | ) | (173 | ) | (2,238 | ) | |||||||||||||||||
Recoveries | 65 | 67 | 79 | 150 | 24 | 73 | 458 | ||||||||||||||||||||||
Provision | (143 | ) | 3,068 | 586 | 999 | 4 | 105 | 4,619 | |||||||||||||||||||||
Ending Balance | $ | 989 | $ | 3,335 | $ | 685 | $ | 5,799 | $ | 600 | $ | 288 | $ | 11,696 | |||||||||||||||
For the Quarter Ended September 30, 2013: | |||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||
Beginning Balance | $ | 986 | $ | 3,343 | $ | 1,330 | $ | 5,588 | $ | 627 | $ | 276 | $ | 12,150 | |||||||||||||||
Charge-offs | (900 | ) | (342 | ) | (21 | ) | (43 | ) | (1,306 | ) | |||||||||||||||||||
Recoveries | 65 | 79 | 148 | 2 | 16 | 310 | |||||||||||||||||||||||
Provision | (62 | ) | (8 | ) | 176 | 405 | (8 | ) | 39 | 542 | |||||||||||||||||||
Ending Balance | $ | 989 | $ | 3,335 | $ | 685 | $ | 5,799 | $ | 600 | $ | 288 | $ | 11,696 | |||||||||||||||
Allowance for loan losses, September 30, 2013: | |||||||||||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 626 | $ | 3,149 | $ | 651 | $ | 2,128 | $ | 330 | $ | 33 | $ | 6,917 | |||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 363 | $ | 186 | $ | 34 | $ | 3,671 | $ | 270 | $ | 255 | $ | 4,779 | |||||||||||||||
Total Loans, September 30, 2013: | |||||||||||||||||||||||||||||
Ending balance: individually evaluated for impairment | $ | 13,888 | $ | 20,974 | $ | 5,570 | $ | 28,693 | $ | 2,505 | $ | 80 | $ | 71,710 | |||||||||||||||
Ending balance: collectively evaluated for impairment | $ | 28,679 | $ | 5,836 | $ | 39,035 | $ | 210,327 | $ | 32,359 | $ | 8,476 | $ | 324,712 | |||||||||||||||
Fair_Value_Measurements_and_Di1
Fair Value Measurements and Disclosures (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Assets Measured at Fair Value on a Recurring Basis | ' | ||||||||||||||||||||
The balances of available for sale securities, which are the only assets measured at fair value on a recurring basis, by level within the fair value hierarchy and by investment type, as of September 30, 2014 and December 31, 2013 are as follows (in thousands): | |||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||
September 30, 2014: | |||||||||||||||||||||
U.S. Treasuries | $ | 37,278 | $ | $ | 37,278 | $ | |||||||||||||||
U.S. Government agencies | 144,075 | 144,075 | |||||||||||||||||||
Mortgage-backed securities | 46,371 | 46,371 | |||||||||||||||||||
States and political subdivisions | 34,671 | 34,671 | |||||||||||||||||||
Equity securities | 650 | 650 | |||||||||||||||||||
Total | $ | 263,045 | $ | $ | 263,045 | $ | |||||||||||||||
December 31, 2013: | |||||||||||||||||||||
U.S. Treasuries | $ | 43,648 | $ | $ | 43,648 | $ | |||||||||||||||
U.S. Government agencies | 145,805 | 145,805 | |||||||||||||||||||
Mortgage-backed securities | 50,326 | 50,326 | |||||||||||||||||||
States and political subdivisions | 35,011 | 35,011 | |||||||||||||||||||
Equity securities | 650 | 650 | |||||||||||||||||||
Total | $ | 275,440 | $ | $ | 275,440 | $ | |||||||||||||||
Carrying Value and Estimated Fair Value of Financial Assets and Financial Liabilities | ' | ||||||||||||||||||||
The carrying value and estimated fair value of assets and liabilities, by level within the fair value hierarchy, at September 30, 2014 and December 31, 2013, are as follows (in thousands): | |||||||||||||||||||||
Carrying | Fair Value Measurements Using | ||||||||||||||||||||
Amount | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||
September 30, 2014: | |||||||||||||||||||||
Financial Assets: | |||||||||||||||||||||
Cash and due from banks | $ | 31,379 | $ | 31,379 | $ | $ | $ | 31,379 | |||||||||||||
Federal funds sold | 25,000 | 25,000 | 25,000 | ||||||||||||||||||
Available for sale securities | 263,045 | 263,045 | 263,045 | ||||||||||||||||||
Held to maturity securities | 15,617 | 15,586 | 15,586 | ||||||||||||||||||
Other investments | 3,025 | 3,025 | 3,025 | ||||||||||||||||||
Federal Home Loan Bank stock | 4,302 | 4,302 | 4,302 | ||||||||||||||||||
Loans, net | 347,182 | 348,610 | 348,610 | ||||||||||||||||||
Other real estate | 9,710 | 9,710 | 9,710 | ||||||||||||||||||
Cash surrender value of life insurance | 17,896 | 17,896 | 17,896 | ||||||||||||||||||
Financial Liabilities: | |||||||||||||||||||||
Deposits: | |||||||||||||||||||||
Non-interest bearing | 134,954 | 134,954 | 134,954 | ||||||||||||||||||
Interest bearing | 314,750 | 315,920 | 315,920 | ||||||||||||||||||
Federal funds purchased and securities sold under agreements to repurchase | 120,774 | 120,774 | 120,774 | ||||||||||||||||||
Borrowings from Federal Home Loan Bank | 62,505 | 63,377 | 63,377 | ||||||||||||||||||
December 31, 2013: | |||||||||||||||||||||
Financial Assets: | |||||||||||||||||||||
Cash and due from banks | $ | 36,264 | $ | 36,264 | $ | $ | $ | 36,264 | |||||||||||||
Available for sale securities | 257,440 | 275,440 | 275,440 | ||||||||||||||||||
Held to maturity securities | 11,142 | 10,686 | 10,686 | ||||||||||||||||||
Other investments | 3,262 | 3,262 | 3,262 | ||||||||||||||||||
Federal Home Loan Bank stock | 3,834 | 3,834 | 3,834 | ||||||||||||||||||
Loans, net | 366,415 | 369,117 | 369,117 | ||||||||||||||||||
Other real estate | 9,630 | 9,630 | 9,630 | ||||||||||||||||||
Cash surrender value of life insurance | 17,456 | 17,456 | 17,456 | ||||||||||||||||||
Financial Liabilities: | |||||||||||||||||||||
Deposits: | |||||||||||||||||||||
Non-interest bearing | 107,117 | 107,117 | 107,117 | ||||||||||||||||||
Interest bearing | 321,441 | 322,535 | 322,535 | ||||||||||||||||||
Federal funds purchased and securities sold under agreements to repurchase | 139,639 | 139,639 | 139,639 | ||||||||||||||||||
Borrowings from Federal Home Loan Bank | 77,684 | 79,051 | 79,051 | ||||||||||||||||||
Impaired loans [Member] | ' | ||||||||||||||||||||
Assets Measured at Fair Value on a Non-Recurring Basis | ' | ||||||||||||||||||||
Impaired loans, which are measured at fair value on a non-recurring basis, by level within the fair value hierarchy as of September 30, 2014 and December 31, 2013 are as follows (in thousands): | |||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||
September 30, 2014 | $ | 12,346 | $ | $ | $ | 12,346 | |||||||||||||||
December 31, 2013 | 18,831 | 18,831 | |||||||||||||||||||
Changes in Fair Value | ' | ||||||||||||||||||||
The following table presents a summary of changes in the fair value of impaired loans which are measured using level 3 inputs (in thousands): | |||||||||||||||||||||
For the Nine | For the Year | ||||||||||||||||||||
Months Ended | Ended | ||||||||||||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||||||||||||
Balance, beginning of period | $ | 18,831 | $ | 16,030 | |||||||||||||||||
Additions to impaired loans and troubled debt restructurings | 212 | 17,424 | |||||||||||||||||||
Principal payments, charge-offs and transfers to other real estate | (4,297 | ) | (15,153 | ) | |||||||||||||||||
Change in allowance for loan losses on impaired loans | (2,400 | ) | 530 | ||||||||||||||||||
Balance, end of period | $ | 12,346 | $ | 18,831 | |||||||||||||||||
Other real estate [Member] | ' | ||||||||||||||||||||
Assets Measured at Fair Value on a Non-Recurring Basis | ' | ||||||||||||||||||||
Other real estate, which is measured at fair value on a non-recurring basis, by level within the fair value hierarchy as of September 30, 2014 and December 31, 2013 are as follows (in thousands): | |||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||
September 30, 2014 | $ | 9,710 | $ | $ | $ | 9,710 | |||||||||||||||
December 31, 2013 | 9,630 | 9,630 | |||||||||||||||||||
Changes in Fair Value | ' | ||||||||||||||||||||
The following table presents a summary of changes in the fair value of other real estate which is measured using level 3 inputs (in thousands): | |||||||||||||||||||||
For the Nine | For the Year | ||||||||||||||||||||
Months Ended | Ended | ||||||||||||||||||||
September 30, 2014 | December 31, 2013 | ||||||||||||||||||||
Balance, beginning of period | $ | 9,630 | $ | 7,008 | |||||||||||||||||
Loans transferred to ORE | 1,144 | 4,537 | |||||||||||||||||||
Sales | (845 | ) | (1,188 | ) | |||||||||||||||||
Writedowns | (219 | ) | (670 | ) | |||||||||||||||||
Insurance proceeds for casualty loss | (57 | ) | |||||||||||||||||||
Balance, end of period | $ | 9,710 | $ | 9,630 | |||||||||||||||||
Basis_of_Presentation_Addition
Basis of Presentation - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2014 | |
Subsidiary | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Number of operating subsidiaries | 2 |
Earnings_Per_Share_Additional_
Earnings Per Share - Additional Information (Detail) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract] | ' | ' | ' | ' |
Shares of common stock outstanding | 5,123,186 | 5,123,316 | 5,123,186 | 5,130,811 |
Statements_of_Cash_Flows_Addit
Statements of Cash Flows - Additional Information (Detail) (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Supplemental Cash Flow Elements [Abstract] | ' | ' |
Interest on deposits and borrowings | $1,209,501 | $1,198,021 |
Income tax payments | 320,000 | 810,000 |
Loans transferred to other real estate | $1,143,953 | $3,695,825 |
Investments_Amortized_Cost_and
Investments - Amortized Cost and Fair Value of Securities (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ' | ' |
Total debt securities, amortized cost | $266,227 | $285,626 |
Equity securities, amortized cost | 650 | 650 |
Total available for sale securities, amortized cost | 266,877 | 286,276 |
Total debt securities, gross unrealized gains | 2,619 | 2,177 |
Equity securities, gross unrealized gains | ' | ' |
Total debt securities, gross unrealized gains | 2,619 | 2,177 |
Total available for sale securities, gross unrealized gains | 2,619 | 2,177 |
Total debt securities, gross unrealized losses | -6,451 | -13,013 |
Total debt securities, gross unrealized losses | -6,451 | -13,013 |
Equity securities, gross unrealized losses | ' | ' |
Total debt securities, gross unrealized losses | -6,451 | -13,013 |
Total available for sale securities, gross unrealized losses | -6,451 | -13,013 |
Total debt securities,fair value | 262,395 | 274,790 |
Equity securities,fair value | 650 | 650 |
Total available for sale securities, fair value | 263,045 | 275,440 |
Held to maturity securities, Amortized Cost | 15,617 | 11,142 |
Held to maturity securities, Gross Unrealized Gains | 73 | 13 |
Held to maturity securities, Gross Unrealized Losses | -104 | -469 |
Held to maturity securities, fair value | 15,586 | 10,686 |
States and political subdivisions [Member] | ' | ' |
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ' | ' |
Total debt securities, amortized cost | 33,345 | 33,764 |
Total debt securities, gross unrealized gains | 1,326 | 1,248 |
Total debt securities, gross unrealized gains | 1,326 | 1,248 |
Total debt securities, gross unrealized losses | ' | -1 |
Total debt securities, gross unrealized losses | ' | -1 |
Total debt securities, gross unrealized losses | ' | -1 |
Total debt securities,fair value | 34,671 | 35,011 |
Held to maturity securities, Amortized Cost | 15,617 | 11,142 |
Held to maturity securities, Gross Unrealized Gains | 73 | 13 |
Held to maturity securities, Gross Unrealized Losses | -104 | -469 |
Held to maturity securities, fair value | 15,586 | 10,686 |
U.S. Treasuries [Member] | ' | ' |
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ' | ' |
Total debt securities, amortized cost | 37,669 | 44,636 |
Total debt securities, gross unrealized gains | 146 | 54 |
Total debt securities, gross unrealized gains | 146 | 54 |
Total debt securities, gross unrealized losses | -537 | -1,042 |
Total debt securities, gross unrealized losses | -537 | -1,042 |
Total debt securities, gross unrealized losses | -537 | -1,042 |
Total debt securities,fair value | 37,278 | 43,648 |
U.S. Government agencies [Member] | ' | ' |
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ' | ' |
Total debt securities, amortized cost | 148,813 | 155,772 |
Total debt securities, gross unrealized gains | 724 | 734 |
Total debt securities, gross unrealized gains | 724 | 734 |
Total debt securities, gross unrealized losses | -5,462 | -10,701 |
Total debt securities, gross unrealized losses | -5,462 | -10,701 |
Total debt securities, gross unrealized losses | -5,462 | -10,701 |
Total debt securities,fair value | 144,075 | 145,805 |
Mortgage-backed securities [Member] | ' | ' |
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ' | ' |
Total debt securities, amortized cost | 46,400 | 51,454 |
Total debt securities, gross unrealized gains | 423 | 141 |
Total debt securities, gross unrealized gains | 423 | 141 |
Total debt securities, gross unrealized losses | -452 | -1,269 |
Total debt securities, gross unrealized losses | -452 | -1,269 |
Total debt securities, gross unrealized losses | -452 | -1,269 |
Total debt securities,fair value | $46,371 | $50,326 |
Investments_Amortized_Cost_and1
Investments - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Available for sale securities: | ' | ' |
Available for sale securities, Due in one year or less, Amortized Cost | $7,583 | ' |
Available for sale securities, Due after one year through five years, Amortized Cost | 66,926 | ' |
Available for sale securities, Due after five year through ten years, Amortized Cost | 58,613 | ' |
Available for sale securities, Due after ten years, Amortized Cost | 86,705 | ' |
Available for sale securities, Mortgage-backed securities, Amortized Cost | 46,400 | ' |
Totals, Amortized Cost | 266,227 | 285,626 |
Available for sale securities, Due in one year or less, Fair Value | 7,661 | ' |
Available for sale securities, Due after one year through five years, Fair Value | 67,065 | ' |
Available for sale securities, Due after five years through ten years, Fair Value | 58,927 | ' |
Available for sale securities, Due after ten years, Fair Value | 82,371 | ' |
Available for sale securities, Mortgage-backed securities, Fair value | 46,371 | ' |
Totals, Fair Value | 262,395 | 274,790 |
Held to maturity securities: | ' | ' |
Held to maturity securities, Due in one year or less, Amortized Cost | 657 | ' |
Held to maturity securities, Due after one year through five years, Amortized Cost | 3,638 | ' |
Held to maturity securities, Due after five years through ten years, Amortized Cost | 5,875 | ' |
Held to maturity securities, Due after ten years, Amortized Cost | 5,447 | ' |
Totals, Amortized Cost | 15,617 | 11,142 |
Held to maturity securities, Due in one year or less, Fair Value | 659 | ' |
Held to maturity securities, Due after one year through five years, Fair Value | 3,655 | ' |
Held to maturity securities, Due after five years through ten years, Fair Value | 5,896 | ' |
Held to maturity securities, Due after ten years, Fair Value | 5,376 | ' |
Totals, Fair Value | $15,586 | $10,686 |
Investments_Available_for_Sale
Investments - Available for Sale and Held to Maturity Securities with Gross Unrealized Losses (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Fair Value | $13,713 | $195,113 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 129 | 13,103 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 169,099 | 4,621 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 6,426 | 379 |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 182,812 | 199,734 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | 6,555 | 13,482 |
U.S. Treasuries [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Fair Value | 4,936 | 29,708 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 47 | 1,042 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 25,300 | ' |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 490 | ' |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 30,236 | 29,708 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | 537 | 1,042 |
U.S. Government agencies [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Fair Value | 4,931 | 113,446 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 42 | 10,322 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 111,427 | 4,621 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 5,420 | 379 |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 116,358 | 118,067 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | 5,462 | 10,701 |
Mortgage-backed securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Fair Value | ' | 44,269 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | ' | 1,269 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 28,317 | ' |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 452 | ' |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 28,317 | 44,269 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | 452 | 1,269 |
States and political subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Fair Value | 3,846 | 7,690 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 40 | 470 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 4,055 | ' |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 64 | ' |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 7,901 | 7,690 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | $104 | $470 |
Investments_Additional_Informa
Investments - Additional Information (Detail) (USD $) | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Amount of securities with fair value | $212,315,955 | ' | $262,830,011 |
Sale of available for sale debt securities | 0 | 26,075,225 | ' |
Realized gain on sale of available for sale debt securities | ' | $257,997 | ' |
U.S. Treasuries [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Securities issued contained unrealized Loss | 7 | ' | ' |
Securities issued | 10 | ' | ' |
U.S. Government agencies [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Securities issued contained unrealized Loss | 23 | ' | ' |
Securities issued | 29 | ' | ' |
Mortgage-backed securities [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Securities issued contained unrealized Loss | 7 | ' | ' |
Securities issued | 13 | ' | ' |
States and political subdivisions [Member] | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' |
Securities issued contained unrealized Loss | 21 | ' | ' |
Securities issued | 157 | ' | ' |
Loans_Composition_of_Loan_Port
Loans - Composition of Loan Portfolio (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Loans and Leases Receivable, Net Amount [Abstract] | ' | ' |
Gaming | $23,747 | $29,570 |
Residential and land development | 16,873 | 19,403 |
Real estate, construction | 39,976 | 44,987 |
Real estate, mortgage | 242,128 | 237,158 |
Commercial and industrial | 26,049 | 35,007 |
Other | 9,419 | 9,224 |
Total | $358,192 | $375,349 |
Loans_Age_Analysis_of_Loan_Por
Loans - Age Analysis of Loan Portfolio, Segregated by Class of Loans (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Number of Days Past Due, 30-59 | $11,032 | $12,226 |
Number of Days Past Due, 60-89 | 13,545 | 2,689 |
Number of Days Past Due, Greater Than 90 | 17,553 | 28,158 |
Number of Days Past Due, Total Past Due | 42,130 | 43,073 |
Current | 316,062 | 332,276 |
Total | 358,192 | 375,349 |
Loans Past Due Greater Than 90 Days and Still Accruing | 1,278 | 651 |
Gaming [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Number of Days Past Due, Greater Than 90 | 591 | ' |
Number of Days Past Due, Total Past Due | 591 | ' |
Current | 23,156 | 29,570 |
Total | 23,747 | 29,570 |
Residential and land development [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Number of Days Past Due, 30-59 | ' | 51 |
Number of Days Past Due, Greater Than 90 | 11,440 | 13,572 |
Number of Days Past Due, Total Past Due | 11,440 | 13,623 |
Current | 5,433 | 5,780 |
Total | 16,873 | 19,403 |
Real estate, construction [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Number of Days Past Due, 30-59 | 1,596 | 3,846 |
Number of Days Past Due, 60-89 | 755 | ' |
Number of Days Past Due, Greater Than 90 | 1,303 | 9,452 |
Number of Days Past Due, Total Past Due | 3,654 | 13,298 |
Current | 36,322 | 31,689 |
Total | 39,976 | 44,987 |
Loans Past Due Greater Than 90 Days and Still Accruing | 81 | 146 |
Real estate, mortgage [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Number of Days Past Due, 30-59 | 8,381 | 6,910 |
Number of Days Past Due, 60-89 | 11,666 | 2,684 |
Number of Days Past Due, Greater Than 90 | 4,003 | 5,134 |
Number of Days Past Due, Total Past Due | 24,050 | 14,728 |
Current | 218,078 | 222,430 |
Total | 242,128 | 237,158 |
Loans Past Due Greater Than 90 Days and Still Accruing | 1,197 | 505 |
Commercial and industrial [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Number of Days Past Due, 30-59 | 878 | 1,192 |
Number of Days Past Due, 60-89 | 1,061 | ' |
Number of Days Past Due, Greater Than 90 | 216 | ' |
Number of Days Past Due, Total Past Due | 2,155 | 1,192 |
Current | 23,894 | 33,815 |
Total | 26,049 | 35,007 |
Other [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Number of Days Past Due, 30-59 | 177 | 227 |
Number of Days Past Due, 60-89 | 63 | 5 |
Number of Days Past Due, Total Past Due | 240 | 232 |
Current | 9,179 | 8,992 |
Total | $9,419 | $9,224 |
Loans_Analysis_of_Loan_Portfol
Loans - Analysis of Loan Portfolio by Loan Grade, Segregated by Class of Loans (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Gaming | $23,747 | $29,570 |
Residential and land development | 16,873 | 19,403 |
Real estate, construction | 39,976 | 44,987 |
Real estate, mortgage | 242,128 | 237,158 |
Commercial and industrial | 26,049 | 35,007 |
Other | 9,419 | 9,224 |
Total | 358,192 | 375,349 |
A or B [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Gaming | 23,156 | 23,975 |
Residential and land development | 4,004 | 4,236 |
Real estate, construction | 33,069 | 38,808 |
Real estate, mortgage | 202,585 | 204,569 |
Commercial and industrial | 23,232 | 31,902 |
Other | 9,377 | 9,131 |
Total | 295,423 | 312,621 |
C [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Gaming | ' | 2,500 |
Residential and land development | 1,401 | 1,544 |
Real estate, construction | 729 | 781 |
Real estate, mortgage | 4,025 | 4,495 |
Commercial and industrial | 25 | 682 |
Other | 9 | 24 |
Total | 6,189 | 10,026 |
D [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Residential and land development | 28 | 51 |
Real estate, construction | 3,813 | 2,220 |
Real estate, mortgage | 17,396 | 17,852 |
Commercial and industrial | 2,735 | 2,402 |
Other | 31 | 50 |
Total | 24,003 | 22,575 |
E [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Gaming | 591 | 3,095 |
Residential and land development | 11,440 | 13,572 |
Real estate, construction | 2,365 | 3,178 |
Real estate, mortgage | 18,122 | 10,242 |
Commercial and industrial | 57 | 21 |
Other | 2 | 19 |
Total | $32,577 | $30,127 |
Loans_Total_Loans_on_Nonaccrua
Loans - Total Loans on Nonaccrual (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ' | ' |
Total loans on nonaccrual | $33,451 | $26,171 |
Gaming [Member] | ' | ' |
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ' | ' |
Total loans on nonaccrual | 591 | 1,223 |
Residential and land development [Member] | ' | ' |
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ' | ' |
Total loans on nonaccrual | 11,440 | 13,572 |
Real estate, construction [Member] | ' | ' |
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ' | ' |
Total loans on nonaccrual | 1,772 | 2,588 |
Real estate, mortgage [Member] | ' | ' |
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ' | ' |
Total loans on nonaccrual | 18,768 | 8,788 |
Commercial and industrial [Member] | ' | ' |
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ' | ' |
Total loans on nonaccrual | $880 | ' |
Loans_Troubled_Debt_Restructur
Loans - Troubled Debt Restructurings (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | Contract | Contract |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 7 | 9 |
Pre-Modification Outstanding Recorded Investment | $2,676 | $11,581 |
Post-Modification Outstanding Recorded Investment | 2,676 | 11,581 |
Related Allowance | 457 | 1,264 |
Real estate, construction [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 2 | 2 |
Pre-Modification Outstanding Recorded Investment | 856 | 891 |
Post-Modification Outstanding Recorded Investment | 856 | 891 |
Related Allowance | 267 | 270 |
Real estate, mortgage [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | 5 | 6 |
Pre-Modification Outstanding Recorded Investment | 1,820 | 10,012 |
Post-Modification Outstanding Recorded Investment | 1,820 | 10,012 |
Related Allowance | 190 | 994 |
Commercial and industrial [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of Contracts | ' | 1 |
Pre-Modification Outstanding Recorded Investment | ' | 678 |
Post-Modification Outstanding Recorded Investment | ' | $678 |
Loans_Additional_Information_D
Loans - Additional Information (Detail) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Schedule Of Financial Receivables [Line Items] | ' |
Number of troubled debt restructurings | 'Two loans which had been classified as troubled debt restructurings |
Real estate, mortgage [Member] | ' |
Schedule Of Financial Receivables [Line Items] | ' |
Troubled debt restructurings loans segment | 8,169,179 |
Commercial and industrial [Member] | ' |
Schedule Of Financial Receivables [Line Items] | ' |
Troubled debt restructurings loans segment | 677,901 |
Loans_Impaired_Loans_Segregate
Loans - Impaired Loans, Segregated by Class of Loans (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 |
Financing Receivable, Impaired [Line Items] | ' | ' |
With no related allowance recorded, Unpaid Principal Balance | $34,780 | $17,119 |
With no related allowance recorded, Recorded Investment | 24,980 | 16,520 |
With no related allowance recorded, Related Allowance | ' | ' |
With no related allowance recorded, Average Recorded Investment | 24,175 | 16,305 |
With no related allowance recorded, Interest Income Recognized | 67 | 76 |
With a related allowance recorded, Unpaid Principal Balance | 13,351 | 30,136 |
With a related allowance recorded, Recorded Investment | 11,147 | 21,232 |
With a related allowance recorded, Related Allowance | 4,946 | 2,544 |
With no related allowance recorded, Average Recorded Investment | 11,489 | 27,265 |
With a related allowance recorded, Interest Income Recognized | 213 | 329 |
Total by class of loans, Unpaid Principal Balance | 48,131 | 47,255 |
Total by class of loans, Recorded Investment | 36,127 | 37,752 |
Total by class of loans, Related Allowance | 4,946 | 2,544 |
Total by class of loans, Average Recorded Investment | 35,664 | 43,570 |
Total by class of loans, Interest Income Recognized | 280 | 405 |
Gaming [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With a related allowance recorded, Unpaid Principal Balance | 1,691 | 1,698 |
With a related allowance recorded, Recorded Investment | 591 | 1,223 |
With a related allowance recorded, Related Allowance | 166 | 626 |
With no related allowance recorded, Average Recorded Investment | 941 | 1,316 |
Total by class of loans, Unpaid Principal Balance | 1,691 | 1,698 |
Total by class of loans, Recorded Investment | 591 | 1,223 |
Total by class of loans, Related Allowance | 166 | 626 |
Total by class of loans, Average Recorded Investment | 941 | 1,316 |
Residential and land development [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With no related allowance recorded, Unpaid Principal Balance | 19,625 | 4,425 |
With no related allowance recorded, Recorded Investment | 10,425 | 4,425 |
With no related allowance recorded, Related Allowance | ' | ' |
With no related allowance recorded, Average Recorded Investment | 12,158 | 4,465 |
With a related allowance recorded, Unpaid Principal Balance | 2,119 | 17,576 |
With a related allowance recorded, Recorded Investment | 1,015 | 9,147 |
With a related allowance recorded, Related Allowance | 177 | 471 |
With no related allowance recorded, Average Recorded Investment | 1,016 | 15,909 |
Total by class of loans, Unpaid Principal Balance | 21,744 | 22,001 |
Total by class of loans, Recorded Investment | 11,440 | 13,572 |
Total by class of loans, Related Allowance | 177 | 471 |
Total by class of loans, Average Recorded Investment | 13,174 | 20,374 |
Real estate, construction [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With no related allowance recorded, Unpaid Principal Balance | 2,090 | 2,294 |
With no related allowance recorded, Recorded Investment | 2,090 | 2,294 |
With no related allowance recorded, Related Allowance | ' | ' |
With no related allowance recorded, Average Recorded Investment | 1,774 | 2,054 |
With no related allowance recorded, Interest Income Recognized | 25 | 26 |
With a related allowance recorded, Unpaid Principal Balance | 538 | 1,185 |
With a related allowance recorded, Recorded Investment | 538 | 1,185 |
With a related allowance recorded, Related Allowance | 291 | 337 |
With no related allowance recorded, Average Recorded Investment | 567 | 1,239 |
With a related allowance recorded, Interest Income Recognized | 11 | 23 |
Total by class of loans, Unpaid Principal Balance | 2,628 | 3,479 |
Total by class of loans, Recorded Investment | 2,628 | 3,479 |
Total by class of loans, Related Allowance | 291 | 337 |
Total by class of loans, Average Recorded Investment | 2,341 | 3,293 |
Total by class of loans, Interest Income Recognized | 36 | 49 |
Real estate, mortgage [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With no related allowance recorded, Unpaid Principal Balance | 12,185 | 9,722 |
With no related allowance recorded, Recorded Investment | 11,585 | 9,123 |
With no related allowance recorded, Related Allowance | ' | ' |
With no related allowance recorded, Average Recorded Investment | 9,563 | 9,097 |
With no related allowance recorded, Interest Income Recognized | 27 | 26 |
With a related allowance recorded, Unpaid Principal Balance | 9,003 | 9,677 |
With a related allowance recorded, Recorded Investment | 9,003 | 9,677 |
With a related allowance recorded, Related Allowance | 4,312 | 1,110 |
With no related allowance recorded, Average Recorded Investment | 8,965 | 8,801 |
With a related allowance recorded, Interest Income Recognized | 202 | 306 |
Total by class of loans, Unpaid Principal Balance | 21,188 | 19,399 |
Total by class of loans, Recorded Investment | 20,588 | 18,800 |
Total by class of loans, Related Allowance | 4,312 | 1,110 |
Total by class of loans, Average Recorded Investment | 18,528 | 17,898 |
Total by class of loans, Interest Income Recognized | 229 | 332 |
Commercial and industrial [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
With no related allowance recorded, Unpaid Principal Balance | 880 | 678 |
With no related allowance recorded, Recorded Investment | 880 | 678 |
With no related allowance recorded, Related Allowance | ' | ' |
With no related allowance recorded, Average Recorded Investment | 680 | 689 |
With no related allowance recorded, Interest Income Recognized | 15 | 24 |
Total by class of loans, Unpaid Principal Balance | 880 | 678 |
Total by class of loans, Recorded Investment | 880 | 678 |
Total by class of loans, Average Recorded Investment | 680 | 689 |
Total by class of loans, Interest Income Recognized | $15 | $24 |
Allowance_for_Loan_Losses_Tran
Allowance for Loan Losses - Transactions in Allowance for loan Losses (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | $6,303 | $6,917 | $6,303 | $6,917 |
Collectively evaluated for impairment | 4,707 | 4,779 | 4,707 | 4,779 |
Individually evaluated for impairment, Total | 56,580 | 71,710 | 56,580 | 71,710 |
Collectively evaluated for impairment, Total | 301,612 | 324,712 | 301,612 | 324,712 |
Allowance for Loan Losses: | ' | ' | ' | ' |
Beginning Balance | 9,434 | 12,150 | 8,934 | 8,857 |
Charge-offs | -2,244 | -1,306 | -3,032 | -2,238 |
Recoveries | 279 | 310 | 493 | 458 |
Provision | 3,541 | 542 | 4,615 | 4,619 |
Ending Balance | 11,010 | 11,696 | 11,010 | 11,696 |
Gaming [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 166 | 626 | 166 | 626 |
Collectively evaluated for impairment | 383 | 363 | 383 | 363 |
Individually evaluated for impairment, Total | 591 | 13,888 | 591 | 13,888 |
Collectively evaluated for impairment, Total | 23,156 | 28,679 | 23,156 | 28,679 |
Allowance for Loan Losses: | ' | ' | ' | ' |
Beginning Balance | 355 | 986 | 977 | 1,541 |
Charge-offs | -75 | ' | -701 | -474 |
Recoveries | 171 | 65 | 261 | 65 |
Provision | 98 | -62 | 12 | -143 |
Ending Balance | 549 | 989 | 549 | 989 |
Residential and land development [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 177 | 3,149 | 177 | 3,149 |
Collectively evaluated for impairment | 274 | 186 | 274 | 186 |
Individually evaluated for impairment, Total | 11,467 | 20,974 | 11,467 | 20,974 |
Collectively evaluated for impairment, Total | 5,406 | 5,836 | 5,406 | 5,836 |
Allowance for Loan Losses: | ' | ' | ' | ' |
Beginning Balance | 705 | 3,343 | 776 | 200 |
Charge-offs | -1,875 | ' | -1,875 | ' |
Recoveries | 0 | ' | 0 | 67 |
Provision | 1,621 | -8 | 1,550 | 3,068 |
Ending Balance | 451 | 3,335 | 451 | 3,335 |
Real estate, construction [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 563 | 651 | 563 | 651 |
Collectively evaluated for impairment | 97 | 34 | 97 | 34 |
Individually evaluated for impairment, Total | 6,179 | 5,570 | 6,179 | 5,570 |
Collectively evaluated for impairment, Total | 33,797 | 39,035 | 33,797 | 39,035 |
Allowance for Loan Losses: | ' | ' | ' | ' |
Beginning Balance | 686 | 1,330 | 695 | 967 |
Charge-offs | -104 | -900 | -108 | -947 |
Recoveries | 0 | 79 | 0 | 79 |
Provision | 78 | 176 | 73 | 586 |
Ending Balance | 660 | 685 | 660 | 685 |
Real estate, mortgage [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 5,102 | 2,128 | 5,102 | 2,128 |
Collectively evaluated for impairment | 3,410 | 3,671 | 3,410 | 3,671 |
Individually evaluated for impairment, Total | 35,518 | 28,693 | 35,518 | 28,693 |
Collectively evaluated for impairment, Total | 206,610 | 210,327 | 206,610 | 210,327 |
Allowance for Loan Losses: | ' | ' | ' | ' |
Beginning Balance | 6,749 | 5,588 | 5,553 | 5,273 |
Charge-offs | -127 | -342 | -163 | -623 |
Recoveries | 66 | 148 | 147 | 150 |
Provision | 1,824 | 405 | 2,975 | 999 |
Ending Balance | 8,512 | 5,799 | 8,512 | 5,799 |
Commercial and industrial [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 293 | 330 | 293 | 330 |
Collectively evaluated for impairment | 250 | 270 | 250 | 270 |
Individually evaluated for impairment, Total | 2,792 | 2,505 | 2,792 | 2,505 |
Collectively evaluated for impairment, Total | 23,257 | 32,359 | 23,257 | 32,359 |
Allowance for Loan Losses: | ' | ' | ' | ' |
Beginning Balance | 653 | 627 | 632 | 593 |
Charge-offs | -3 | -21 | -9 | -21 |
Recoveries | 4 | 2 | 18 | 24 |
Provision | -111 | -8 | -98 | 4 |
Ending Balance | 543 | 600 | 543 | 600 |
Other [Member] | ' | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' | ' |
Individually evaluated for impairment | 2 | 33 | 2 | 33 |
Collectively evaluated for impairment | 293 | 255 | 293 | 255 |
Individually evaluated for impairment, Total | 33 | 80 | 33 | 80 |
Collectively evaluated for impairment, Total | 9,386 | 8,476 | 9,386 | 8,476 |
Allowance for Loan Losses: | ' | ' | ' | ' |
Beginning Balance | 286 | 276 | 301 | 283 |
Charge-offs | -60 | -43 | -176 | -173 |
Recoveries | 38 | 16 | 67 | 73 |
Provision | 31 | 39 | 103 | 105 |
Ending Balance | $295 | $288 | $295 | $288 |
Deposits_Additional_Informatio
Deposits - Additional Information (Detail) (USD $) | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | |
Minimum [Member] | Minimum [Member] | ||
Deposits [Line Items] | ' | ' | ' |
Time deposits | ' | $100,000 | $100,000 |
Brokered deposits | $5,000,000 | ' | ' |
Time deposits year of maturity | '2017 | ' | ' |
Maturity description of time deposits | 'At September 30, 2014, time deposits of $100,000 or more include brokered deposits of $5,000,000, which mature in 2017. | ' | ' |
Fair_Value_Measurements_and_Di2
Fair Value Measurements and Disclosures - Additional Information (Detail) (USD $) | 9 Months Ended |
Sep. 30, 2014 | |
Fair Value Disclosures [Abstract] | ' |
Minimum current appraisal is more than one year old and/or the loan balance | $200,000 |
Percentage of time deposits provide for automatic renewal at current interest rates | 98.00% |
Fair_Value_Measurements_and_Di3
Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Recurring Basis (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ' | ' |
Available for sale, Equity securities | $650 | $650 |
Available for sale securities | 263,045 | 275,440 |
U.S. Treasuries [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Abstract] | ' | ' |
Available for sale securities | 37,278 | 43,648 |
U.S. Government agencies [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Abstract] | ' | ' |
Available for sale securities | 144,075 | 145,805 |
Mortgage-backed securities [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Abstract] | ' | ' |
Available for sale securities | 46,371 | 50,326 |
States and political subdivisions [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Abstract] | ' | ' |
Available for sale securities | 34,671 | 35,011 |
Level 1 [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Abstract] | ' | ' |
Available for sale, Equity securities | 0 | 0 |
Available for sale securities | 0 | 0 |
Level 1 [Member] | U.S. Treasuries [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Abstract] | ' | ' |
Available for sale securities | 0 | 0 |
Level 1 [Member] | U.S. Government agencies [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Abstract] | ' | ' |
Available for sale securities | 0 | 0 |
Level 1 [Member] | Mortgage-backed securities [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Abstract] | ' | ' |
Available for sale securities | 0 | 0 |
Level 1 [Member] | States and political subdivisions [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Abstract] | ' | ' |
Available for sale securities | 0 | 0 |
Level 2 [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Abstract] | ' | ' |
Available for sale, Equity securities | 650 | 650 |
Available for sale securities | 263,045 | 275,440 |
Level 2 [Member] | U.S. Treasuries [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Abstract] | ' | ' |
Available for sale securities | 37,278 | 43,648 |
Level 2 [Member] | U.S. Government agencies [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Abstract] | ' | ' |
Available for sale securities | 144,075 | 145,805 |
Level 2 [Member] | Mortgage-backed securities [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Abstract] | ' | ' |
Available for sale securities | 46,371 | 50,326 |
Level 2 [Member] | States and political subdivisions [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Abstract] | ' | ' |
Available for sale securities | 34,671 | 35,011 |
Level 3 [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Abstract] | ' | ' |
Available for sale, Equity securities | 0 | 0 |
Available for sale securities | 0 | 0 |
Level 3 [Member] | U.S. Treasuries [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Abstract] | ' | ' |
Available for sale securities | 0 | 0 |
Level 3 [Member] | U.S. Government agencies [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Abstract] | ' | ' |
Available for sale securities | 0 | ' |
Level 3 [Member] | Mortgage-backed securities [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Abstract] | ' | ' |
Available for sale securities | 0 | 0 |
Level 3 [Member] | States and political subdivisions [Member] | ' | ' |
Fair Value Assets Measured On Recurring Basis [Abstract] | ' | ' |
Available for sale securities | $0 | $0 |
Fair_Value_Measurements_and_Di4
Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Non-Recurring Basis of Impairment Loans (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Fair value measured on non-recurring basis, impaired loans | $12,346 | $18,831 | ' |
Level 1 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Fair value measured on non-recurring basis, impaired loans | 0 | 0 | ' |
Level 2 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Fair value measured on non-recurring basis, impaired loans | 0 | 0 | ' |
Level 3 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Fair value measured on non-recurring basis, impaired loans | $12,346 | $18,831 | $16,030 |
Fair_Value_Measurements_and_Di5
Fair Value Measurements and Disclosures - Changes in Fair Value of Impaired Loans (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Balance, end of period | $12,346 | $18,831 |
Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Balance, beginning of period | 18,831 | 16,030 |
Additions to impaired loans and troubled debt restructurings | 212 | 17,424 |
Principal payments, charge-offs and transfers to other real estate | -4,297 | -15,153 |
Change in allowance for loan losses on impaired loans | -2,400 | 530 |
Balance, end of period | $12,346 | $18,831 |
Fair_Value_Measurements_and_Di6
Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Non-Recurring Basis of Other Real Estate (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Assets measured at fair value on a non-recurring basis, other real estate | $9,710 | $9,630 | ' |
Level 1 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Assets measured at fair value on a non-recurring basis, other real estate | 0 | 0 | ' |
Level 2 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Assets measured at fair value on a non-recurring basis, other real estate | 0 | 0 | ' |
Level 3 [Member] | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' |
Assets measured at fair value on a non-recurring basis, other real estate | $9,710 | $9,630 | $7,008 |
Fair_Value_Measurements_and_Di7
Fair Value Measurements and Disclosures - Changes in Fair Value of Other Real Estate (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Balance, end of period | $9,710 | $9,630 |
Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Balance, beginning of period | 9,630 | 7,008 |
Loans transferred to ORE | 1,144 | 4,537 |
Sales | -845 | -1,188 |
Writedowns | -219 | -670 |
Insurance proceeds for casualty loss | ' | -57 |
Balance, end of period | $9,710 | $9,630 |
Fair_Value_Measurements_and_Di8
Fair Value Measurements and Disclosures - Carrying Value and Estimated Fair Value of Financial Assets and Financial Liabilities (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||
Financial Assets: | ' | ' | ' | ' |
Cash and due from banks | $56,379 | $36,264 | $34,642 | $54,020 |
Cash and due from banks, Fair Value | 31,379 | 36,264 | ' | ' |
Federal funds sold | 25,000 | ' | ' | ' |
Federal funds sold, Fair Value | 25,000 | ' | ' | ' |
Available for sale securities | 263,045 | 275,440 | ' | ' |
Held to maturity securities | 15,617 | 11,142 | ' | ' |
Held to maturity securities, fair value | 15,586 | 10,686 | ' | ' |
Other investments | 3,026 | 3,262 | ' | ' |
Other investments, Fair Value | 3,025 | 3,262 | ' | ' |
Federal Home Loan Bank stock | 4,302 | 3,834 | ' | ' |
Federal Home Loan Bank stock, Fair Value | 4,302 | 3,834 | ' | ' |
Loans, net | 347,182 | 366,415 | ' | ' |
Loans, net, Fair Value | 348,610 | 369,117 | ' | ' |
Other real estate | 9,710 | 9,630 | ' | ' |
Other real estate, Fair Value | 9,710 | 9,630 | ' | ' |
Cash surrender value of life insurance | 17,896 | 17,456 | ' | ' |
Cash surrender value of life insurance, Fair Value | 17,896 | 17,456 | ' | ' |
Deposits: | ' | ' | ' | ' |
Non-interest bearing | 134,954 | 107,117 | ' | ' |
Non-interest bearing, Fair Value | 134,954 | 107,117 | ' | ' |
Interest bearing, Fair Value | 315,920 | 322,535 | ' | ' |
Federal funds purchased and securities sold under agreements to repurchase | 120,774 | 139,639 | ' | ' |
Federal funds purchased and securities sold under agreements to repurchase, Fair Value | 120,774 | 139,639 | ' | ' |
Borrowings from Federal Home Loan Bank | 63,377 | 79,051 | ' | ' |
Carrying Amount [Member] | ' | ' | ' | ' |
Financial Assets: | ' | ' | ' | ' |
Cash and due from banks | 31,379 | 36,264 | ' | ' |
Federal funds sold | 25,000 | ' | ' | ' |
Available for sale securities | 263,045 | 257,440 | ' | ' |
Held to maturity securities | 15,617 | 11,142 | ' | ' |
Other investments | 3,025 | 3,262 | ' | ' |
Federal Home Loan Bank stock | 4,302 | 3,834 | ' | ' |
Loans, net | 347,182 | 366,415 | ' | ' |
Other real estate | 9,710 | 9,630 | ' | ' |
Cash surrender value of life insurance | 17,896 | 17,456 | ' | ' |
Deposits: | ' | ' | ' | ' |
Non-interest bearing | 134,954 | 107,117 | ' | ' |
Interest bearing | 314,750 | 321,441 | ' | ' |
Federal funds purchased and securities sold under agreements to repurchase | 120,774 | 139,639 | ' | ' |
Borrowings from Federal Home Loan Bank | 62,505 | 77,684 | ' | ' |
Level 1 [Member] | ' | ' | ' | ' |
Financial Assets: | ' | ' | ' | ' |
Cash and due from banks, Fair Value | 31,379 | 36,264 | ' | ' |
Federal funds sold, Fair Value | 25,000 | ' | ' | ' |
Available for sale securities | 0 | 0 | ' | ' |
Other investments, Fair Value | 3,025 | 3,262 | ' | ' |
Other real estate | 0 | 0 | ' | ' |
Deposits: | ' | ' | ' | ' |
Non-interest bearing, Fair Value | 134,954 | 107,117 | ' | ' |
Federal funds purchased and securities sold under agreements to repurchase, Fair Value | 120,774 | 139,639 | ' | ' |
Level 2 [Member] | ' | ' | ' | ' |
Financial Assets: | ' | ' | ' | ' |
Available for sale securities | 263,045 | 275,440 | ' | ' |
Held to maturity securities, fair value | 15,586 | 10,686 | ' | ' |
Federal Home Loan Bank stock, Fair Value | 4,302 | 3,834 | ' | ' |
Other real estate | 0 | 0 | ' | ' |
Deposits: | ' | ' | ' | ' |
Borrowings from Federal Home Loan Bank | 63,377 | 79,051 | ' | ' |
Level 3 [Member] | ' | ' | ' | ' |
Financial Assets: | ' | ' | ' | ' |
Available for sale securities | 0 | 0 | ' | ' |
Loans, net, Fair Value | 348,610 | 369,117 | ' | ' |
Other real estate | 9,710 | 9,630 | ' | 7,008 |
Other real estate, Fair Value | 9,710 | 9,630 | ' | ' |
Cash surrender value of life insurance, Fair Value | 17,896 | 17,456 | ' | ' |
Deposits: | ' | ' | ' | ' |
Interest bearing, Fair Value | $315,920 | $322,535 | ' | ' |