Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Sep. 30, 2014 | Nov. 03, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'CITIZENS & NORTHERN CORP | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 12,292,607 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0000810958 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 30-Sep-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Consolidated_Balance_Sheets_Un
Consolidated Balance Sheets (Unaudited) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Cash and due from banks: | ' | ' |
Noninterest-bearing | $17,743 | $15,917 |
Interest-bearing | 37,696 | 28,702 |
Total cash and due from banks | 55,439 | 44,619 |
Available-for-sale securities, at fair value | 508,253 | 482,658 |
Loans held for sale | 418 | 54 |
Loans receivable | 629,409 | 644,303 |
Allowance for loan losses | -7,449 | -8,663 |
Loans, net | 621,960 | 635,640 |
Bank-owned life insurance | 22,021 | 21,743 |
Accrued interest receivable | 3,964 | 4,146 |
Bank premises and equipment, net | 16,402 | 17,430 |
Foreclosed assets held for sale | 1,888 | 892 |
Deferred tax asset, net | 2,673 | 6,344 |
Intangible asset - Core deposit intangibles | 61 | 87 |
Intangible asset - Goodwill | 11,942 | 11,942 |
Other assets | 11,512 | 12,140 |
TOTAL ASSETS | 1,256,533 | 1,237,695 |
Deposits: | ' | ' |
Noninterest-bearing | 209,357 | 191,245 |
Interest-bearing | 772,172 | 763,271 |
Total deposits | 981,529 | 954,516 |
Short-term borrowings | 6,765 | 23,385 |
Long-term borrowings | 73,131 | 73,338 |
Accrued interest and other liabilities | 8,234 | 6,984 |
TOTAL LIABILITIES | 1,069,659 | 1,058,223 |
STOCKHOLDERS' EQUITY | ' | ' |
Preferred stock, $1,000 par value; authorized 30,000 shares; $1,000 liquidation preference per share; no shares issued at September 30, 2014 and December 31, 2013 | 0 | 0 |
Common stock, par value $1.00 per share; authorized 20,000,000 shares in 2014 and 2013; issued 12,655,171 at September 30, 2014 and 12,596,540 at December 31, 2013 | 12,655 | 12,596 |
Paid-in capital | 71,442 | 70,105 |
Retained earnings | 104,344 | 101,216 |
Treasury stock, at cost; 316,051 shares at September 30, 2014 and 206,477 shares at December 31, 2013 | -5,604 | -3,452 |
Sub-total | 182,837 | 180,465 |
Accumulated other comprehensive income (loss): | ' | ' |
Unrealized gain (loss) on available-for-sale securities | 3,940 | -1,004 |
Defined benefit plans gain | 97 | 11 |
Total accumulated other comprehensive income (loss) | 4,037 | -993 |
TOTAL STOCKHOLDERS' EQUITY | 186,874 | 179,472 |
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY | $1,256,533 | $1,237,695 |
Consolidated_Balance_Sheets_Un1
Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Preferred stock, par value (in Dollars per share) | $1,000 | $1,000 |
Preferred stock, authorized shares | 30,000 | 30,000 |
Preferred stock, liquidation preference per share (in Dollars per share) | $1,000 | $1,000 |
Preferred stock, shares issued (in Dollars) | $0 | $0 |
Common stock, par value (in Dollars per share) | $1 | $1 |
Common stock, authorized shares | 20,000,000 | 20,000,000 |
Common stock, issued shares | 12,655,171 | 12,596,540 |
Treasury stock, shares | 316,051 | 206,477 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
INTEREST INCOME | ' | ' | ' | ' |
Interest and fees on loans . | $8,040,000 | $8,742,000 | $24,123,000 | $26,995,000 |
Interest on balances with depository institutions | 33,000 | 25,000 | 95,000 | 76,000 |
Interest on loans to political subdivisions | 348,000 | 337,000 | 1,055,000 | 1,022,000 |
Interest on mortgages held for sale | 5,000 | 14,000 | 13,000 | 47,000 |
Income from available-for-sale securities: | ' | ' | ' | ' |
Taxable | 1,990,000 | 1,640,000 | 5,753,000 | 5,020,000 |
Tax-exempt | 1,070,000 | 1,185,000 | 3,261,000 | 3,640,000 |
Dividends | 86,000 | 84,000 | 241,000 | 229,000 |
Total interest and dividend income | 11,572,000 | 12,027,000 | 34,541,000 | 37,029,000 |
INTEREST EXPENSE | ' | ' | ' | ' |
Interest on deposits | 543,000 | 647,000 | 1,650,000 | 2,098,000 |
Interest on short-term borrowings | 1,000 | 3,000 | 7,000 | 6,000 |
Interest on long-term borrowings | 743,000 | 746,000 | 2,208,000 | 2,307,000 |
Total interest expense | 1,287,000 | 1,396,000 | 3,865,000 | 4,411,000 |
Net interest income | 10,285,000 | 10,631,000 | 30,676,000 | 32,618,000 |
Provision for loan losses | 218,000 | 239,000 | 353,000 | 488,000 |
Net interest income after provision for loan losses | 10,067,000 | 10,392,000 | 30,323,000 | 32,130,000 |
OTHER INCOME | ' | ' | ' | ' |
Service charges on deposit accounts | 1,275,000 | 1,357,000 | 3,812,000 | 3,825,000 |
Service charges and fees | 144,000 | 165,000 | 405,000 | 444,000 |
Trust and financial management revenue | 1,140,000 | 1,033,000 | 3,325,000 | 3,022,000 |
Brokerage revenue | 213,000 | 205,000 | 682,000 | 586,000 |
Insurance commissions, fees and premiums | 44,000 | 32,000 | 103,000 | 136,000 |
Interchange revenue from debit card transactions | 504,000 | 484,000 | 1,474,000 | 1,453,000 |
Net gains from sale of loans | 141,000 | 504,000 | 557,000 | 1,560,000 |
(Decrease) increase in fair value of servicing rights | -17,000 | 79,000 | 35,000 | 84,000 |
Increase in cash surrender value of life insurance | 99,000 | 109,000 | 278,000 | 301,000 |
Net gain from premises and equipment | 9,000 | 14,000 | 8,000 | 14,000 |
Other operating income | 335,000 | 311,000 | 939,000 | 902,000 |
Sub-total | 3,887,000 | 4,293,000 | 11,618,000 | 12,327,000 |
Total other-than-temporary impairment losses on available-for-sale securities | 0 | 0 | 0 | -25,000 |
Portion of (gain) recognized in other comprehensive loss (before taxes) | 0 | 0 | 0 | 0 |
Net impairment losses recognized in earnings | 0 | 0 | 0 | -25,000 |
Realized gains on available-for-sale securities, net | 760,000 | 193,000 | 894,000 | 1,477,000 |
Total other income | 4,647,000 | 4,486,000 | 12,512,000 | 13,779,000 |
OTHER EXPENSES | ' | ' | ' | ' |
Salaries and wages | 4,348,000 | 3,536,000 | 11,559,000 | 10,771,000 |
Pensions and other employee benefits | 1,091,000 | 876,000 | 3,563,000 | 3,165,000 |
Occupancy expense, net | 646,000 | 626,000 | 2,002,000 | 1,859,000 |
Furniture and equipment expense | 461,000 | 487,000 | 1,399,000 | 1,464,000 |
FDIC Assessments | 151,000 | 151,000 | 444,000 | 450,000 |
Pennsylvania shares tax | 336,000 | 350,000 | 1,014,000 | 1,051,000 |
Professional fees | 135,000 | 806,000 | 427,000 | 1,424,000 |
Automated teller machine and interchange expense | 239,000 | 218,000 | 668,000 | 802,000 |
Software subscriptions | 184,000 | 209,000 | 575,000 | 641,000 |
Loss on prepayment of debt | 0 | 0 | 0 | 1,023,000 |
Other operating expense | 1,445,000 | 1,351,000 | 4,256,000 | 4,056,000 |
Total other expenses | 9,036,000 | 8,610,000 | 25,907,000 | 26,706,000 |
Income before income tax provision | 5,678,000 | 6,268,000 | 16,928,000 | 19,203,000 |
Income tax provision | 1,411,000 | 1,579,000 | 4,210,000 | 4,834,000 |
NET INCOME | $4,267,000 | $4,689,000 | $12,718,000 | $14,369,000 |
NET INCOME PER SHARE - BASIC (in Dollars per share) | $0.34 | $0.38 | $1.02 | $1.16 |
NET INCOME PER SHARE - DILUTED (in Dollars per share) | $0.34 | $0.38 | $1.02 | $1.16 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Net income | $4,267,000 | $4,689,000 | $12,718,000 | $14,369,000 |
Unrealized (losses) gains on available-for-sale securities: | ' | ' | ' | ' |
Unrealized holding (losses) gains on available-for-sale securities | -1,357,000 | -286,000 | 8,500,000 | -12,465,000 |
Reclassification adjustment for gains realized in income | -760,000 | -193,000 | -894,000 | -1,452,000 |
Other comprehensive (loss) gain on available-for-sale securities | -2,117,000 | -479,000 | 7,606,000 | -13,917,000 |
Unfunded pension and postretirement obligations: | ' | ' | ' | ' |
Changes from plan amendments and actuarial gains and losses included in accumulated other comprehensive gain | 0 | 0 | 144,000 | 636,000 |
Amortization of net transition obligation, prior service cost and net actuarial loss included in net periodic benefit cost | -4,000 | 0 | -12,000 | 0 |
Other comprehensive (loss) gain on unfunded retirement obligations | -4,000 | 0 | 132,000 | 636,000 |
Other comprehensive (loss) income before income tax | -2,121,000 | -479,000 | 7,738,000 | -13,281,000 |
Income tax related to other comprehensive loss (income) | 742,000 | 167,000 | -2,708,000 | 4,646,000 |
Net other comprehensive (loss) income | -1,379,000 | -312,000 | 5,030,000 | -8,635,000 |
Comprehensive income | $2,888,000 | $4,377,000 | $17,748,000 | $5,734,000 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Net income | $12,718,000 | $14,369,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Provision for loan losses | 353,000 | 488,000 |
Realized gains on available-for-sale securities, net | -894,000 | -1,452,000 |
Loss on prepayment of debt | 0 | 1,023,000 |
Realized loss on foreclosed assets | 49,000 | 71,000 |
Gain on disposition of premises and equipment | -8,000 | -14,000 |
Depreciation expense | 1,470,000 | 1,523,000 |
Accretion and amortization on securities, net | 1,008,000 | 1,428,000 |
Accretion and amortization on loans and deposits, net | -20,000 | -25,000 |
Increase in fair value of servicing rights | -35,000 | -84,000 |
Increase in cash surrender value of life insurance | -278,000 | -301,000 |
Stock-based compensation | 463,000 | 605,000 |
Amortization of core deposit intangibles | 26,000 | 38,000 |
Deferred income taxes | 963,000 | 1,864,000 |
Gains on sales of loans, net | -557,000 | -1,560,000 |
Origination of loans for sale | -16,544,000 | -47,737,000 |
Proceeds from sales of loans | 16,599,000 | 50,681,000 |
Decrease in accrued interest receivable and other assets | 126,000 | 3,410,000 |
Increase in accrued interest payable and other liabilities | 1,028,000 | 2,107,000 |
Net Cash Provided by Operating Activities | 16,467,000 | 26,434,000 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Proceeds from maturities of certificates of deposit | 720,000 | 240,000 |
Purchase of certificates of deposit | 0 | -960,000 |
Proceeds from sales of available-for-sale securities | 52,344,000 | 24,120,000 |
Proceeds from calls and maturities of available-for-sale securities | 56,581,000 | 77,222,000 |
Purchase of available-for-sale securities | -126,674,000 | -118,308,000 |
Redemption of Federal Home Loan Bank of Pittsburgh stock | 977,000 | 2,678,000 |
Purchase of Federal Home Loan Bank of Pittsburgh stock | -245,000 | -825,000 |
Net decrease in loans | 11,833,000 | 35,022,000 |
Purchase of premises and equipment | -477,000 | -484,000 |
Proceeds from disposition of premises and equipment | 43,000 | 42,000 |
Purchase of investment in limited liability entity | 0 | -147,000 |
Return of principal on limited liability entity investments | 125,000 | 126,000 |
Proceeds from sale of foreclosed assets | 469,000 | 255,000 |
Net Cash (Used in) Provided by Investing Activities | -4,304,000 | 18,981,000 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Net increase (decrease) in deposits | 27,013,000 | -42,641,000 |
Net decrease in short-term borrowings | -16,620,000 | -734,000 |
Repayments of long-term borrowings | -207,000 | -11,430,000 |
Purchase of treasury stock | -2,464,000 | 0 |
Sale of treasury stock | 99,000 | 168,000 |
Tax benefit from compensation plans | 120,000 | 91,000 |
Common dividends paid | -8,564,000 | -8,178,000 |
Net Cash Used in Financing Activities | -623,000 | -62,724,000 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 11,540,000 | -17,309,000 |
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 38,591,000 | 55,016,000 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 50,131,000 | 37,707,000 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ' | ' |
Assets acquired through foreclosure of real estate loans | 1,514,000 | 223,000 |
Accrued purchase of available-for-sale securities | 354,000 | 0 |
Interest paid | 3,888,000 | 4,437,000 |
Income taxes paid | $3,062,000 | $2,866,000 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (USD $) | Common Stock [Member] | Treasury Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Total |
Balance at Dec. 31, 2012 | $12,525,000 | ($4,203,000) | $68,622,000 | $94,839,000 | $11,003,000 | $182,786,000 |
Balance (in Shares) at Dec. 31, 2012 | 12,525,411 | 251,376 | ' | ' | ' | ' |
Net income | ' | ' | ' | 14,369,000 | ' | 14,369,000 |
Other comprehensive income (loss), net | ' | ' | ' | ' | -8,635,000 | -8,635,000 |
Cash dividends declared on common stock | ' | ' | ' | -9,250,000 | ' | -9,250,000 |
Shares issued for dividend reinvestment plan | 54,000 | ' | 1,018,000 | ' | ' | 1,072,000 |
Shares issued for dividend reinvestment plan (in Shares) | 53,794 | ' | ' | ' | ' | ' |
Shares issued from treasury and redeemed related to exercise of stock options | ' | 162,000 | 6,000 | ' | ' | 168,000 |
Shares issued from treasury and redeemed related to exercise of stock options (in Shares) | ' | -9,651 | ' | ' | ' | ' |
Restricted stock granted | ' | 633,000 | -633,000 | ' | ' | 0 |
Restricted stock granted (in Shares) | ' | -37,886 | ' | ' | ' | ' |
Forfeiture of restricted stock | ' | -54,000 | 54,000 | ' | ' | 0 |
Forfeiture of restricted stock (in Shares) | ' | 3,233 | ' | ' | ' | ' |
Stock-based compensation expense | ' | ' | 605,000 | ' | ' | 605,000 |
Tax effect of stock option exercises | ' | ' | -3,000 | ' | ' | -3,000 |
Tax benefit from employee benefit plan | ' | ' | ' | 94,000 | ' | 94,000 |
Balance at Sep. 30, 2013 | 12,579,000 | -3,462,000 | 69,669,000 | 100,052,000 | 2,368,000 | 181,206,000 |
Balance (in Shares) at Sep. 30, 2013 | 12,579,205 | 207,072 | ' | ' | ' | ' |
Balance at Dec. 31, 2013 | 12,596,000 | -3,452,000 | 70,105,000 | 101,216,000 | -993,000 | 179,472,000 |
Balance (in Shares) at Dec. 31, 2013 | 12,596,540 | 206,477 | ' | ' | ' | ' |
Net income | ' | ' | ' | 12,718,000 | ' | 12,718,000 |
Other comprehensive income (loss), net | ' | ' | ' | ' | 5,030,000 | 5,030,000 |
Cash dividends declared on common stock | ' | ' | ' | -9,693,000 | ' | -9,693,000 |
Shares issued for dividend reinvestment plan | 60,000 | ' | 1,069,000 | ' | ' | 1,129,000 |
Shares issued for dividend reinvestment plan (in Shares) | 59,498 | ' | ' | ' | ' | ' |
Treasury stock purchased | ' | -2,464,000 | ' | ' | ' | -2,464,000 |
Treasury stock purchased (in Shares) | ' | 129,000 | ' | ' | ' | ' |
Shares issued from treasury and redeemed related to exercise of stock options | -1,000 | 158,000 | -58,000 | ' | ' | 99,000 |
Shares issued from treasury and redeemed related to exercise of stock options (in Shares) | -867 | -10,173 | ' | ' | ' | ' |
Restricted stock granted | ' | 279,000 | -279,000 | ' | ' | 0 |
Restricted stock granted (in Shares) | ' | -16,711 | ' | ' | ' | ' |
Forfeiture of restricted stock | ' | -125,000 | 125,000 | ' | ' | 0 |
Forfeiture of restricted stock (in Shares) | ' | 7,458 | ' | ' | ' | ' |
Stock-based compensation expense | ' | ' | 463,000 | ' | ' | 463,000 |
Tax effect of stock option exercises | ' | ' | 1,000 | ' | ' | 1,000 |
Tax benefit from dividends on restricted stock | ' | ' | 16,000 | ' | ' | 16,000 |
Tax benefit from employee benefit plan | ' | ' | ' | 103,000 | ' | 103,000 |
Balance at Sep. 30, 2014 | $12,655,000 | ($5,604,000) | $71,442,000 | $104,344,000 | $4,037,000 | $186,874,000 |
Balance (in Shares) at Sep. 30, 2014 | 12,655,171 | 316,051 | ' | ' | ' | ' |
Consolidated_Statements_of_Cha1
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Common stock, dividends, per share | $0.78 | $0.75 |
Note_1_Basis_of_Interim_Presen
Note 1 - Basis of Interim Presentation | 9 Months Ended |
Sep. 30, 2014 | |
Disclosure Text Block [Abstract] | ' |
Basis of Accounting [Text Block] | ' |
1. BASIS OF INTERIM PRESENTATION | |
The consolidated financial information included herein, with the exception of the consolidated balance sheet dated December 31, 2013, is unaudited. Such information reflects all adjustments (consisting solely of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation of the financial position, results of operations, comprehensive income, cash flows and changes in stockholders’ equity for the interim periods; however, the information does not include all disclosures required by accounting principles generally accepted in the United States of America (“U.S. GAAP”) for a complete set of financial statements. Certain 2013 information has been reclassified for consistency with the 2014 presentation. | |
Operating results reported for the three-month and nine-month periods ended September 30, 2014 might not be indicative of the results for the year ending December 31, 2014. The Corporation evaluates subsequent events through the date of filing with the Securities and Exchange Commission. |
Note_2_Per_Share_Data
Note 2 - Per Share Data | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||
2. PER SHARE DATA | |||||||||||||
Net income per share is based on the weighted-average number of shares of common stock outstanding. The following data show the amounts used in computing basic and diluted net income per share. As shown in the table that follows, diluted earnings per share is computed using weighted average common shares outstanding, plus weighted-average common shares available from the exercise of all dilutive stock options, less the number of shares that could be repurchased with the proceeds of stock option exercises based on the average share price of the Corporation's common stock during the period. | |||||||||||||
Weighted- | |||||||||||||
Average | Earnings | ||||||||||||
Net | Common | Per | |||||||||||
Income | Shares | Share | |||||||||||
Nine Months Ended September 30, 2014 | |||||||||||||
Earnings per share – basic | $ | 12,718,000 | 12,419,538 | $ | 1.02 | ||||||||
Dilutive effect of potential common stock arising from stock options: | |||||||||||||
Exercise of outstanding stock options | 233,579 | ||||||||||||
Hypothetical share repurchase at $19.28 | (212,200 | ) | |||||||||||
Earnings per share – diluted | $ | 12,718,000 | 12,440,917 | $ | 1.02 | ||||||||
Nine Months Ended September 30, 2013 | |||||||||||||
Earnings per share – basic | $ | 14,369,000 | 12,342,706 | $ | 1.16 | ||||||||
Dilutive effect of potential common stock arising from stock options: | |||||||||||||
Exercise of outstanding stock options | 251,970 | ||||||||||||
Hypothetical share repurchase at $19.73 | (222,749 | ) | |||||||||||
Earnings per share – diluted | $ | 14,369,000 | 12,371,927 | $ | 1.16 | ||||||||
Weighted- | |||||||||||||
Average | Earnings | ||||||||||||
Net | Common | Per | |||||||||||
Income | Shares | Share | |||||||||||
Quarter Ended September 30, 2014 | |||||||||||||
Earnings per share – basic | $ | 4,267,000 | 12,399,482 | $ | 0.34 | ||||||||
Dilutive effect of potential common stock arising from stock options: | |||||||||||||
Exercise of outstanding stock options | 222,344 | ||||||||||||
Hypothetical share repurchase at $19.33 | (201,826 | ) | |||||||||||
Earnings per share – diluted | $ | 4,267,000 | 12,420,000 | $ | 0.34 | ||||||||
Quarter Ended September 30, 2013 | |||||||||||||
Earnings per share – basic | $ | 4,689,000 | 12,363,887 | $ | 0.38 | ||||||||
Dilutive effect of potential common stock arising from stock options: | |||||||||||||
Exercise of outstanding stock options | 302,956 | ||||||||||||
Hypothetical share repurchase at $20.10 | (269,941 | ) | |||||||||||
Earnings per share – diluted | $ | 4,689,000 | 12,396,902 | $ | 0.38 | ||||||||
Stock options that were anti-dilutive were excluded from net income per share calculations. Weighted-average common shares available from anti-dilutive instruments totaled 169,728 shares in the nine-month period ended September 30, 2014, 98,809 shares in the nine-month period ended September 30, 2013, 137,873 shares in the third quarter 2014 and 57,658 shares in the third quarter 2013. |
Note_3_Comprehensive_Income
Note 3 - Comprehensive Income | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||
Comprehensive Income (Loss) Note [Text Block] | ' | ||||||||||||
3. COMPREHENSIVE INCOME | |||||||||||||
Comprehensive income is the total of (1) net income, and (2) all other changes in equity from non-stockholder sources, which are referred to as other comprehensive income. The components of other comprehensive income, and the related tax effects, are as follows: | |||||||||||||
(In Thousands) | Before-Tax | Income Tax | Net-of-Tax | ||||||||||
Amount | Effect | Amount | |||||||||||
Nine Months Ended Sept. 30, 2014: | |||||||||||||
Unrealized gains on available-for-sale securities: | |||||||||||||
Unrealized holding gains on available-for-sale securities | $ | 8,500 | $ | (2,975 | ) | $ | 5,525 | ||||||
Reclassification adjustment for (gains) realized in income | (894 | ) | 313 | (581 | ) | ||||||||
Other comprehensive gain on available-for-sale securities | 7,606 | (2,662 | ) | 4,944 | |||||||||
Unfunded pension and postretirement obligations: | |||||||||||||
Changes from plan amendments and actuarial gains and losses included in other comprehensive income | 144 | (50 | ) | 94 | |||||||||
Amortization of net transition obligation, prior service cost and net actuarial loss included in net periodic benefit cost | (12 | ) | 4 | (8 | ) | ||||||||
Other comprehensive gain on unfunded retirement obligations | 132 | (46 | ) | 86 | |||||||||
Total other comprehensive gain | $ | 7,738 | $ | (2,708 | ) | $ | 5,030 | ||||||
(In Thousands) | Before-Tax | Income Tax | Net-of-Tax | ||||||||||
Amount | Effect | Amount | |||||||||||
Nine Months Ended Sept. 30, 2013: | |||||||||||||
Unrealized gains on available-for-sale securities: | |||||||||||||
Unrealized holding losses on available-for-sale securities | $ | (12,465 | ) | $ | 4,362 | $ | (8,103 | ) | |||||
Reclassification adjustment for (gains) realized in income | (1,452 | ) | 507 | (945 | ) | ||||||||
Other comprehensive loss on available-for-sale securities | (13,917 | ) | 4,869 | (9,048 | ) | ||||||||
Unfunded pension and postretirement obligations: | |||||||||||||
Changes from plan amendments and actuarial gains and losses included in other comprehensive income | 636 | (223 | ) | 413 | |||||||||
Amortization of net transition obligation, prior service cost and net actuarial loss included in net periodic benefit cost | 0 | 0 | 0 | ||||||||||
Other comprehensive gain on unfunded retirement obligations | 636 | (223 | ) | 413 | |||||||||
Total other comprehensive loss | $ | (13,281 | ) | $ | 4,646 | $ | (8,635 | ) | |||||
(In Thousands) | Before-Tax | Income Tax | Net-of-Tax | ||||||||||
Amount | Effect | Amount | |||||||||||
Three Months Ended Sept. 30, 2014: | |||||||||||||
Unrealized gains on available-for-sale securities: | |||||||||||||
Unrealized holding losses on available-for-sale securities | $ | (1,357 | ) | $ | 475 | $ | (882 | ) | |||||
Reclassification adjustment for (gains) realized in income | (760 | ) | 266 | (494 | ) | ||||||||
Other comprehensive loss on available-for-sale securities | (2,117 | ) | 741 | (1,376 | ) | ||||||||
Unfunded pension and postretirement obligations: | |||||||||||||
Changes from plan amendments and actuarial gains and losses included in other comprehensive income | 0 | 0 | 0 | ||||||||||
Amortization of net transition obligation, prior service cost and net actuarial loss included in net periodic benefit cost | (4 | ) | 1 | (3 | ) | ||||||||
Other comprehensive loss on unfunded retirement obligations | (4 | ) | 1 | (3 | ) | ||||||||
Total other comprehensive loss | $ | (2,121 | ) | $ | 742 | $ | (1,379 | ) | |||||
(In Thousands) | Before-Tax | Income Tax | Net-of-Tax | ||||||||||
Amount | Effect | Amount | |||||||||||
Three Months Ended Sept. 30, 2013: | |||||||||||||
Unrealized gains on available-for-sale securities: | |||||||||||||
Unrealized holding losses on available-for-sale securities | $ | (286 | ) | $ | 101 | $ | (185 | ) | |||||
Reclassification adjustment for (gains) realized in income | (193 | ) | 66 | (127 | ) | ||||||||
Other comprehensive loss on available-for-sale securities | (479 | ) | 167 | (312 | ) | ||||||||
Unfunded pension and postretirement obligations: | |||||||||||||
Changes from plan amendments and actuarial gains and losses included in other comprehensive income | 0 | 0 | 0 | ||||||||||
Amortization of net transition obligation, prior service cost and net actuarial loss included in net periodic benefit cost | 0 | 0 | 0 | ||||||||||
Other comprehensive gain on unfunded retirement obligations | 0 | 0 | 0 | ||||||||||
Total other comprehensive loss | $ | (479 | ) | $ | 167 | $ | (312 | ) | |||||
Changes in the components of accumulated other comprehensive income are as follows and are presented net of tax: | |||||||||||||
(In Thousands) | Unrealized | Unfunded | Accumulated | ||||||||||
Holding Gains | Pension and | Other | |||||||||||
(Losses) | Postretirement | Comprehensive | |||||||||||
on Securities | Obligations | Income | |||||||||||
Nine Months Ended September 30, 2014 | |||||||||||||
Balance, beginning of period | $ | (1,004 | ) | $ | 11 | $ | (993 | ) | |||||
Other comprehensive income before reclassifications | 5,525 | 94 | 5,619 | ||||||||||
Amounts reclassified from accumulated other comprehensive income | (581 | ) | (8 | ) | (589 | ) | |||||||
Other comprehensive income | 4,944 | 86 | 5,030 | ||||||||||
Balance, end of period | $ | 3,940 | $ | 97 | $ | 4,037 | |||||||
Nine Months Ended September 30, 2013 | |||||||||||||
Balance, beginning of period | $ | 11,568 | $ | (565 | ) | $ | 11,003 | ||||||
Other comprehensive (loss) income before reclassifications | (8,103 | ) | 413 | (7,690 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive income | (945 | ) | 0 | (945 | ) | ||||||||
Other comprehensive (loss) income | (9,048 | ) | 413 | (8,635 | ) | ||||||||
Balance, end of period | $ | 2,520 | $ | (152 | ) | $ | 2,368 | ||||||
Three Months Ended September 30, 2014 | |||||||||||||
Balance, beginning of period | $ | 5,316 | $ | 100 | $ | 5,416 | |||||||
Other comprehensive loss income before reclassifications | (882 | ) | 0 | (882 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive income | (494 | ) | (3 | ) | (497 | ) | |||||||
Other comprehensive loss | (1,376 | ) | (3 | ) | (1,379 | ) | |||||||
Balance, end of period | $ | 3,940 | $ | 97 | $ | 4,037 | |||||||
Three Months Ended September 30, 2013 | |||||||||||||
Balance, beginning of period | $ | 2,832 | $ | (152 | ) | $ | 2,680 | ||||||
Other comprehensive loss before reclassifications | (185 | ) | 0 | (185 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive income | (127 | ) | 0 | (127 | ) | ||||||||
Other comprehensive loss | (312 | ) | 0 | (312 | ) | ||||||||
Balance, end of period | $ | 2,520 | $ | (152 | ) | $ | 2,368 | ||||||
Items reclassified out of each component of other comprehensive income are as follows: | |||||||||||||
For the Nine Months Ended September 30, 2014 | |||||||||||||
(In Thousands) | |||||||||||||
Details about Accumulated Other | Reclassified from Accumulated Other Comprehensive Income | Affected Line Item in the Consolidated | |||||||||||
Comprehensive Income Components | Statements of Income | ||||||||||||
Unrealized gains and losses on available-for-sale | |||||||||||||
Securities | $ | (894 | ) | Realized gains on available-for-sale securities, net | |||||||||
313 | Income tax provision | ||||||||||||
(581 | ) | Net of tax | |||||||||||
Amortization of defined benefit pension and postretirement items: | |||||||||||||
Prior service cost | (23 | ) | Pensions and other employee benefits | ||||||||||
Actuarial loss | 11 | Pensions and other employee benefits | |||||||||||
(12 | ) | Total before tax | |||||||||||
4 | Income tax provision | ||||||||||||
(8 | ) | Net of tax | |||||||||||
Total reclassifications for the period | $ | (589 | ) | ||||||||||
For the Nine Months Ended September 30, 2013 | |||||||||||||
(In Thousands) | |||||||||||||
Details about Accumulated Other | Reclassified from Accumulated Other Comprehensive Income | Details about Accumulated Other | |||||||||||
Comprehensive Income Components | Statements of Income | ||||||||||||
Unrealized gains and losses on available-for-sale | |||||||||||||
Securities | $ | 25 | Total other-than-temporary impairment losses on available-for-sale securities | ||||||||||
(1,477 | ) | Realized gains on available-for-sale securities, net | |||||||||||
(1,452 | ) | Total before tax | |||||||||||
507 | Income tax provision | ||||||||||||
(945 | ) | Net of tax | |||||||||||
Amortization of defined benefit pension and postretirement items: | |||||||||||||
Prior service cost | (23 | ) | Pensions and other employee benefits | ||||||||||
Actuarial loss | 23 | Pensions and other employee benefits | |||||||||||
0 | Total before tax | ||||||||||||
0 | Income tax provision | ||||||||||||
0 | Net of tax | ||||||||||||
Total reclassifications for the period | $ | (945 | ) | ||||||||||
For the Three Months Ended September 30, 2014 | |||||||||||||
(In Thousands) | |||||||||||||
Reclassified from | |||||||||||||
Details about Accumulated Other | Accumulated Other | Affected Line Item in the Consolidated | |||||||||||
Comprehensive Income Components | Comprehensive Income | Statements of Income | |||||||||||
Unrealized gains and losses on available-for-sale | |||||||||||||
Securities | $ | (760 | ) | Realized gains on available-for-sale securities, net | |||||||||
266 | Income tax provision | ||||||||||||
(494 | ) | Net of tax | |||||||||||
Amortization of defined benefit pension and postretirement items: | |||||||||||||
Prior service cost | (7 | ) | Pensions and other employee benefits | ||||||||||
Actuarial loss | 3 | Pensions and other employee benefits | |||||||||||
(4 | ) | Total before tax | |||||||||||
1 | Income tax provision | ||||||||||||
(3 | ) | Net of tax | |||||||||||
Total reclassifications for the period | $ | (497 | ) | ||||||||||
For the Three Months Ended September 30, 2013 | |||||||||||||
(In Thousands) | |||||||||||||
Reclassified from | |||||||||||||
Details about Accumulated Other | Accumulated Other | Affected Line Item in the Consolidated | |||||||||||
Comprehensive Income Components | Comprehensive Income | Statements of Income | |||||||||||
Unrealized gains and losses on available-for-sale | |||||||||||||
Securities | $ | 0 | Total other-than-temporary impairment losses on available-for-sale securities | ||||||||||
(193 | ) | Realized gains on available-for-sale securities, net | |||||||||||
(193 | ) | Total before tax | |||||||||||
66 | Income tax provision | ||||||||||||
(127 | ) | Net of tax | |||||||||||
Amortization of defined benefit pension and postretirement items: | |||||||||||||
Prior service cost | (7 | ) | Pensions and other employee benefits | ||||||||||
Actuarial loss | 7 | Pensions and other employee benefits | |||||||||||
0 | Total before tax | ||||||||||||
0 | Income tax provision | ||||||||||||
0 | Net of tax | ||||||||||||
Total reclassifications for the period | $ | (127 | ) | ||||||||||
Note_4_Cash_and_Due_from_Banks
Note 4 - Cash and Due from Banks | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Cash and Cash Equivalents [Abstract] | ' | ||||||||
Cash and Cash Equivalents Disclosure [Text Block] | ' | ||||||||
4. CASH AND DUE FROM BANKS | |||||||||
Cash and due from banks at September 30, 2014 and December 31, 2013 include the following: | |||||||||
(In thousands) | Sept. 30 | Dec. 31, | |||||||
2014 | 2013 | ||||||||
Cash and cash equivalents | $ | 50,131 | $ | 38,591 | |||||
Certificates of deposit | 5,308 | 6,028 | |||||||
Total cash and due from banks | $ | 55,439 | $ | 44,619 | |||||
Certificates of deposit are issues by U.S. banks with original maturities greater than three months. Each certificate of deposit is fully FDIC-insured. The Corporation maintains cash and cash equivalents with certain financial institutions in excess of the FDIC insurance limit. | |||||||||
The Corporation is required to maintain reserves against deposit liabilities in the form of cash and balances with the Federal Reserve Bank of Philadelphia. The reserves are based on deposit levels, account activity, and other services provided by the Federal Reserve Bank. Required reserves were $12,828,000 at September 30, 2014 and $15,318,000 at December 31, 2013. |
Note_5_Fair_Value_Measurements
Note 5 - Fair Value Measurements and Fair Values of Financial Instruments | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||||||||||||||
Fair Value Disclosures [Text Block] | ' | ||||||||||||||||||||||||||||||||
5. FAIR VALUE MEASUREMENTS AND FAIR VALUES OF FINANCIAL INSTRUMENTS | |||||||||||||||||||||||||||||||||
The Corporation measures certain assets at fair value. Fair value is defined as the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date. FASB ASC topic 820, “Fair Value Measurements and Disclosures” establishes a framework for measuring fair value that includes a hierarchy used to classify the inputs used in measuring fair value. The hierarchy prioritizes the inputs used in determining valuations into three levels. The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The levels of the fair value hierarchy are as follows: | |||||||||||||||||||||||||||||||||
Level 1 – Fair value is based on unadjusted quoted prices in active markets that are accessible to the Corporation for identical assets. These generally provide the most reliable evidence and are used to measure fair value whenever available. | |||||||||||||||||||||||||||||||||
Level 2 – Fair value is based on significant inputs, other than Level 1 inputs, that are observable either directly or indirectly for substantially the full term of the asset through corroboration with observable market data. Level 2 inputs include quoted market prices in active markets for similar assets, quoted market prices in markets that are not active for identical or similar assets and other observable inputs. | |||||||||||||||||||||||||||||||||
Level 3 – Fair value is based on significant unobservable inputs. Examples of valuation methodologies that would result in Level 3 classification include option pricing models, discounted cash flows and other similar techniques. | |||||||||||||||||||||||||||||||||
The Corporation monitors and evaluates available data relating to fair value measurements on an ongoing basis and recognizes transfers among the levels of the fair value hierarchy as of the date of an event or change in circumstances that affects the valuation method chosen. Examples of such changes may include the market for a particular asset becoming active or inactive, changes in the availability of quoted prices, or changes in the availability of other market data. | |||||||||||||||||||||||||||||||||
At September 30, 2014 and December 31, 2013, assets measured at fair value and the valuation methods used are as follows: | |||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||
Quoted Prices | Other | ||||||||||||||||||||||||||||||||
in Active | Observable | Unobservable | Total | ||||||||||||||||||||||||||||||
Markets | Inputs | Inputs | Fair | ||||||||||||||||||||||||||||||
(In Thousands) | (Level 1) | (Level 2) | (Level 3) | Value | |||||||||||||||||||||||||||||
Recurring fair value measurements | |||||||||||||||||||||||||||||||||
AVAILABLE-FOR-SALE SECURITIES: | |||||||||||||||||||||||||||||||||
Obligations of U.S. Government agencies | $ | 0 | $ | 26,416 | $ | 0 | $ | 26,416 | |||||||||||||||||||||||||
Obligations of states and political subdivisions: | |||||||||||||||||||||||||||||||||
Tax-exempt | 0 | 128,292 | 0 | 128,292 | |||||||||||||||||||||||||||||
Taxable | 0 | 34,203 | 0 | 34,203 | |||||||||||||||||||||||||||||
Mortgage-backed securities | 0 | 75,513 | 0 | 75,513 | |||||||||||||||||||||||||||||
Collateralized mortgage obligations, | |||||||||||||||||||||||||||||||||
Issued by U.S. Government agencies | 0 | 234,816 | 0 | 234,816 | |||||||||||||||||||||||||||||
Collateralized debt obligations | 0 | 660 | 0 | 660 | |||||||||||||||||||||||||||||
Total debt securities | 0 | 499,900 | 0 | 499,900 | |||||||||||||||||||||||||||||
Marketable equity securities | 8,353 | 0 | 0 | 8,353 | |||||||||||||||||||||||||||||
Total available-for-sale securities | 8,353 | 499,900 | 0 | 508,253 | |||||||||||||||||||||||||||||
Servicing rights | 0 | 0 | 1,296 | 1,296 | |||||||||||||||||||||||||||||
Total recurring fair value measurements | $ | 8,353 | $ | 499,900 | $ | 1,296 | $ | 509,549 | |||||||||||||||||||||||||
Nonrecurring fair value measurements | |||||||||||||||||||||||||||||||||
Impaired loans with a valuation allowance | $ | 0 | $ | 0 | $ | 4,059 | $ | 4,059 | |||||||||||||||||||||||||
Valuation allowance | 0 | 0 | (966 | ) | (966 | ) | |||||||||||||||||||||||||||
Impaired loans, net | 0 | 0 | 3,093 | 3,093 | |||||||||||||||||||||||||||||
Foreclosed assets held for sale | 0 | 0 | 1,888 | 1,888 | |||||||||||||||||||||||||||||
Total nonrecurring fair value measurements | $ | 0 | $ | 0 | $ | 4,981 | $ | 4,981 | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||
Quoted Prices | Other | ||||||||||||||||||||||||||||||||
in Active | Observable | Unobservable | Total | ||||||||||||||||||||||||||||||
Markets | Inputs | Inputs | Fair | ||||||||||||||||||||||||||||||
(In Thousands) | (Level 1) | (Level 2) | (Level 3) | Value | |||||||||||||||||||||||||||||
Recurring fair value measurements | |||||||||||||||||||||||||||||||||
AVAILABLE-FOR-SALE SECURITIES: | |||||||||||||||||||||||||||||||||
Obligations of U.S. Government agencies | $ | 0 | $ | 45,877 | $ | 0 | $ | 45,877 | |||||||||||||||||||||||||
Obligations of states and political subdivisions: | |||||||||||||||||||||||||||||||||
Tax-exempt | 0 | 128,426 | 0 | 128,426 | |||||||||||||||||||||||||||||
Taxable | 0 | 34,471 | 0 | 34,471 | |||||||||||||||||||||||||||||
Mortgage-backed securities | 0 | 86,208 | 0 | 86,208 | |||||||||||||||||||||||||||||
Collateralized mortgage obligations, | |||||||||||||||||||||||||||||||||
Issued by U.S. Government agencies | 0 | 178,092 | 0 | 178,092 | |||||||||||||||||||||||||||||
Collateralized debt obligations | 0 | 660 | 0 | 660 | |||||||||||||||||||||||||||||
Total debt securities | 0 | 473,734 | 0 | 473,734 | |||||||||||||||||||||||||||||
Marketable equity securities | 8,924 | 0 | 0 | 8,924 | |||||||||||||||||||||||||||||
Total available-for-sale securities | 8,924 | 473,734 | 0 | 482,658 | |||||||||||||||||||||||||||||
Servicing rights | 0 | 0 | 1,123 | 1,123 | |||||||||||||||||||||||||||||
Total recurring fair value measurements | $ | 8,924 | $ | 473,734 | $ | 1,123 | $ | 483,781 | |||||||||||||||||||||||||
Nonrecurring fair value measurements | |||||||||||||||||||||||||||||||||
Impaired loans with a valuation allowance | $ | 0 | $ | 0 | $ | 9,889 | $ | 9,889 | |||||||||||||||||||||||||
Valuation allowance | 0 | 0 | (2,333 | ) | (2,333 | ) | |||||||||||||||||||||||||||
Impaired loans, net | 0 | 0 | 7,556 | 7,556 | |||||||||||||||||||||||||||||
Foreclosed assets held for sale | 0 | 0 | 892 | 892 | |||||||||||||||||||||||||||||
Total nonrecurring fair value measurements | $ | 0 | $ | 0 | $ | 8,448 | $ | 8,448 | |||||||||||||||||||||||||
Loans are classified as impaired when, based on current information and events, it is probable that the Corporation will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Foreclosed assets held for sale consist of real estate acquired by foreclosure. For impaired commercial loans secured by real estate and foreclosed assets held for sale, estimated fair values are determined primarily using values from third-party appraisals less estimated selling costs. | |||||||||||||||||||||||||||||||||
Management’s evaluation and selection of valuation techniques and the unobservable inputs used in determining the fair values of assets valued using Level 3 methodologies include sensitive assumptions. Other market participants might use substantially different assumptions, which could result in calculations of fair values that would be substantially different than the amount calculated by management. At September 30, 2014 and December 31, 2013, quantitative information regarding significant techniques and inputs used for assets measured on a recurring basis using unobservable inputs (Level 3 methodologies) are as follows: | |||||||||||||||||||||||||||||||||
Fair Value at | |||||||||||||||||||||||||||||||||
9/30/14 | Valuation | Unobservable | Method or Value As of | ||||||||||||||||||||||||||||||
Asset | (In Thousands) | Technique | Input(s) | 9/30/14 | |||||||||||||||||||||||||||||
Servicing rights | $ | 1,296 | Discounted | Discount rate | 10 | % | Rate used through modeling period | ||||||||||||||||||||||||||
cash flow | |||||||||||||||||||||||||||||||||
Loan prepayment speeds | 147 | % | Weighted-average PSA | ||||||||||||||||||||||||||||||
Servicing fees | 0.25 | % | of loan balances | ||||||||||||||||||||||||||||||
4 | % | of payments are late | |||||||||||||||||||||||||||||||
5 | % | late fees assessed | |||||||||||||||||||||||||||||||
$ | 1.94 | Miscellaneous fees per account per month | |||||||||||||||||||||||||||||||
Servicing costs | $ | 6 | Monthly servicing cost per account | ||||||||||||||||||||||||||||||
$ | 24 | Additional monthly servicing cost per loan on loans more than 30 days delinquent | |||||||||||||||||||||||||||||||
1.5 | % | of loans more than 30 days delinquent | |||||||||||||||||||||||||||||||
3 | % | annual increase in servicing costs | |||||||||||||||||||||||||||||||
Fair Value at | |||||||||||||||||||||||||||||||||
12/31/13 | Valuation | Unobservable | Method or Value As of | ||||||||||||||||||||||||||||||
Asset | (In Thousands) | Technique | Input(s) | 12/31/13 | |||||||||||||||||||||||||||||
Servicing rights | $ | 1,123 | Discounted | Discount rate | 12 | % | Rate used through modeling period | ||||||||||||||||||||||||||
cash flow | |||||||||||||||||||||||||||||||||
Loan prepayment speeds | 152 | % | Weighted-average PSA | ||||||||||||||||||||||||||||||
Servicing fees | 0.25 | % | of loan balances | ||||||||||||||||||||||||||||||
4 | % | of payments are late | |||||||||||||||||||||||||||||||
5 | % | late fees assessed | |||||||||||||||||||||||||||||||
$ | 1.94 | Miscellaneous fees per account per month | |||||||||||||||||||||||||||||||
Servicing costs | $ | 6 | Monthly servicing cost per account | ||||||||||||||||||||||||||||||
$ | 24 | Additional monthly servicing cost per loan on loans more than 30 days delinquent | |||||||||||||||||||||||||||||||
1.5 | % | of loans more than 30 days delinquent | |||||||||||||||||||||||||||||||
3 | % | annual increase in servicing costs | |||||||||||||||||||||||||||||||
The fair value of servicing rights is affected by expected future interest rates. Increases (decreases) in future expected interest rates tend to increase (decrease) the fair value of the Corporation’s servicing rights because of changes in expected prepayment behavior by the borrowers on the underlying loans. | |||||||||||||||||||||||||||||||||
Following is a reconciliation of activity for Level 3 assets measured at fair value on a recurring basis: | |||||||||||||||||||||||||||||||||
Three Months Ended Sept. 30, 2014 | Nine Months Ended Sept. 30, 2014 | ||||||||||||||||||||||||||||||||
(In Thousands) | Servicing | Servicing | |||||||||||||||||||||||||||||||
Rights | Rights | ||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 1,281 | $ | 1,123 | |||||||||||||||||||||||||||||
Issuances of servicing rights | 32 | 138 | |||||||||||||||||||||||||||||||
Unrealized (losses) gains included in earnings | (17 | ) | 35 | ||||||||||||||||||||||||||||||
Balance, end of period | $ | 1,296 | $ | 1,296 | |||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Pooled Trust | Pooled Trust | Pooled Trust | Pooled Trust | ||||||||||||||||||||||||||||||
Preferred | Preferred | Preferred | Preferred | ||||||||||||||||||||||||||||||
Securities - | Securities - | Securities - | Securities - | ||||||||||||||||||||||||||||||
(In Thousands) | Senior | Mezzanine | Servicing | Senior | Mezzanine | Servicing | |||||||||||||||||||||||||||
Tranches | Tranches | Rights | Total | Tranches | Tranches | Rights | Total | ||||||||||||||||||||||||||
Balance, beginning of period | $ | 0 | $ | 0 | $ | 850 | $ | 850 | $ | 1,613 | $ | 0 | $ | 605 | $ | 2,218 | |||||||||||||||||
Issuances of servicing rights | 0 | 0 | 120 | 120 | 0 | 0 | 360 | 360 | |||||||||||||||||||||||||
Accretion and amortization, net | 0 | 0 | 0 | 0 | (2 | ) | 0 | 0 | (2 | ) | |||||||||||||||||||||||
Proceeds from sales and calls | 0 | 0 | 0 | 0 | (1,636 | ) | (571 | ) | 0 | (2,207 | ) | ||||||||||||||||||||||
Realized gains, net | 0 | 0 | 0 | 0 | 23 | 571 | 0 | 594 | |||||||||||||||||||||||||
Unrealized gains included in Earnings | 0 | 0 | 79 | 79 | 0 | 0 | 84 | 84 | |||||||||||||||||||||||||
Unrealized gains included in other comprehensive income | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 2 | |||||||||||||||||||||||||
Balance, end of period | $ | 0 | $ | 0 | $ | 1,049 | $ | 1,049 | $ | 0 | $ | 0 | $ | 1,049 | $ | 1,049 | |||||||||||||||||
No other-than-temporary impairment losses (OTTI) on securities valued using Level 3 methodologies were recorded in 2014 or 2013. | |||||||||||||||||||||||||||||||||
Certain of the Corporation’s financial instruments are not measured at fair value in the consolidated financial statements. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. Certain financial instruments and all nonfinancial instruments are excluded from disclosure requirements. Therefore, the aggregate fair value amounts presented may not represent the underlying fair value of the Corporation. | |||||||||||||||||||||||||||||||||
The Corporation used the following methods and assumptions in estimating fair value disclosures for financial instruments: | |||||||||||||||||||||||||||||||||
CASH AND CASH EQUIVALENTS - The carrying amounts of cash and short-term instruments approximate fair values. | |||||||||||||||||||||||||||||||||
CERTIFICATES OF DEPOSIT - Fair values for certificates of deposit, included in cash and due from banks in the consolidated balance sheet, are based on quoted market prices for certificates of similar remaining maturities. | |||||||||||||||||||||||||||||||||
SECURITIES - Fair values for securities, excluding restricted equity securities, are based on quoted market prices or other methods as described above. The carrying value of restricted equity securities approximates fair value based on applicable redemption provisions. | |||||||||||||||||||||||||||||||||
LOANS HELD FOR SALE - Fair values of loans held for sale are determined based on applicable sale prices available under the Federal Home Loan Banks’ MPF Xtra and MPF Original programs. | |||||||||||||||||||||||||||||||||
LOANS - Fair values are estimated for portfolios of loans with similar financial characteristics. Loans are segregated by type such as commercial, commercial real estate, residential mortgage and other consumer. Each loan category is further segmented into fixed and adjustable rate interest terms and by performing and nonperforming categories. The fair value of performing loans is calculated by discounting contractual cash flows, adjusted for estimated prepayments based on historical experience, using estimated market discount rates that reflect the credit and interest rate risk inherent in the loans. Fair value of nonperforming loans is based on recent appraisals or estimates prepared by the Corporation’s lending officers. | |||||||||||||||||||||||||||||||||
SERVICING RIGHTS - The fair value of servicing rights, included in other assets in the consolidated balance sheet, is determined through a discounted cash flow valuation. Significant inputs include expected net servicing income, the discount rate and the expected prepayment speeds of the underlying loans. | |||||||||||||||||||||||||||||||||
DEPOSITS - The fair value of deposits with no stated maturity, such as noninterest-bearing demand deposits, savings, money market and interest checking accounts, is (by definition) equal to the amount payable on demand at September 30, 2014 and December 31, 2013. The fair value of time deposits, such as certificates of deposit and Individual Retirement Accounts, is based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently offered for deposits of similar remaining maturities. The fair value estimates of deposits do not include the benefit that results from the low-cost funding provided by the deposit liabilities compared to the cost of borrowing funds in the market, commonly referred to as the core deposit intangible. | |||||||||||||||||||||||||||||||||
BORROWED FUNDS - The fair value of borrowings is estimated using discounted cash flow analyses based on rates currently available to the Corporation for similar types of borrowing arrangements. | |||||||||||||||||||||||||||||||||
ACCRUED INTEREST - The carrying amounts of accrued interest receivable and payable approximate fair values. | |||||||||||||||||||||||||||||||||
OFF-BALANCE SHEET COMMITMENTS - The Corporation has commitments to extend credit and has issued standby letters of credit. Standby letters of credit are conditional guarantees of performance by a customer to a third party. Estimates of the fair value of these off-balance sheet items were not made because of the short-term nature of these arrangements and the credit standing of the counterparties. | |||||||||||||||||||||||||||||||||
The estimated fair values, and related carrying amounts, of the Corporation’s financial instruments are as follows: | |||||||||||||||||||||||||||||||||
(In Thousands) | Valuation | 30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||
Method(s) | Carrying | Fair | Carrying | Fair | |||||||||||||||||||||||||||||
Used | Amount | Value | Amount | Value | |||||||||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||||||||||
Cash and cash equivalents | Level 1 | $ | 50,131 | $ | 50,131 | $ | 38,591 | $ | 38,591 | ||||||||||||||||||||||||
Certificates of deposit | Level 2 | 5,308 | 5,332 | 6,028 | 6,057 | ||||||||||||||||||||||||||||
Available-for-sale securities | See Above | 508,253 | 508,253 | 482,658 | 482,658 | ||||||||||||||||||||||||||||
Restricted equity securities (included in Other Assets) | Level 2 | 3,054 | 3,054 | 3,786 | 3,786 | ||||||||||||||||||||||||||||
Loans held for sale | Level 1 | 418 | 418 | 54 | 54 | ||||||||||||||||||||||||||||
Loans, net | Level 3 | 621,960 | 627,575 | 635,640 | 634,937 | ||||||||||||||||||||||||||||
Accrued interest receivable | Level 1 | 3,964 | 3,964 | 4,146 | 4,146 | ||||||||||||||||||||||||||||
Servicing rights | Level 3 | 1,296 | 1,296 | 1,123 | 1,123 | ||||||||||||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||||||||||
Deposits with no stated maturity | Level 1 | 726,740 | 726,740 | 693,479 | 693,479 | ||||||||||||||||||||||||||||
Time deposits | Level 3 | 254,789 | 255,718 | 261,037 | 262,376 | ||||||||||||||||||||||||||||
Short-term borrowings | Level 3 | 6,765 | 6,687 | 23,385 | 23,356 | ||||||||||||||||||||||||||||
Long-term borrowings | Level 3 | 73,131 | 79,160 | 73,338 | 79,400 | ||||||||||||||||||||||||||||
Accrued interest payable | Level 1 | 97 | 97 | 120 | 120 | ||||||||||||||||||||||||||||
Note_6_Securities
Note 6 - Securities | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ' | ||||||||||||||||||||||||
6. SECURITIES | |||||||||||||||||||||||||
Amortized cost and fair value of available-for-sale securities at September 30, 2014 and December 31, 2013 are summarized as follows: | |||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Unrealized | Unrealized | ||||||||||||||||||||||||
Amortized | Holding | Holding | Fair | ||||||||||||||||||||||
(In Thousands) | Cost | Gains | Losses | Value | |||||||||||||||||||||
Obligations of U.S. Government agencies | $ | 27,237 | $ | 43 | $ | (864 | ) | $ | 26,416 | ||||||||||||||||
Obligations of states and political subdivisions: | |||||||||||||||||||||||||
Tax-exempt | 123,336 | 5,142 | (186 | ) | 128,292 | ||||||||||||||||||||
Taxable | 34,136 | 317 | (250 | ) | 34,203 | ||||||||||||||||||||
Mortgage-backed securities | 74,278 | 1,482 | (247 | ) | 75,513 | ||||||||||||||||||||
Collateralized mortgage obligations, | |||||||||||||||||||||||||
Issued by U.S. Government agencies | 236,940 | 997 | (3,121 | ) | 234,816 | ||||||||||||||||||||
Collateralized debt obligations | 660 | 0 | 0 | 660 | |||||||||||||||||||||
Total debt securities | 496,587 | 7,981 | (4,668 | ) | 499,900 | ||||||||||||||||||||
Marketable equity securities | 5,605 | 2,758 | (10 | ) | 8,353 | ||||||||||||||||||||
Total | $ | 502,192 | $ | 10,739 | $ | (4,678 | ) | $ | 508,253 | ||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Unrealized | Unrealized | ||||||||||||||||||||||||
Amortized | Holding | Holding | Fair | ||||||||||||||||||||||
(In Thousands) | Cost | Gains | Losses | Value | |||||||||||||||||||||
Obligations of U.S. Government agencies | $ | 47,382 | $ | 282 | $ | (1,787 | ) | $ | 45,877 | ||||||||||||||||
Obligations of states and political subdivisions: | |||||||||||||||||||||||||
Tax-exempt | 127,748 | 2,766 | (2,088 | ) | 128,426 | ||||||||||||||||||||
Taxable | 35,154 | 206 | (889 | ) | 34,471 | ||||||||||||||||||||
Mortgage-backed securities | 84,849 | 1,819 | (460 | ) | 86,208 | ||||||||||||||||||||
Collateralized mortgage obligations, | |||||||||||||||||||||||||
Issued by U.S. Government agencies | 182,372 | 761 | (5,041 | ) | 178,092 | ||||||||||||||||||||
Collateralized debt obligations: | 660 | 0 | 0 | 660 | |||||||||||||||||||||
Total debt securities | 478,165 | 5,834 | (10,265 | ) | 473,734 | ||||||||||||||||||||
Marketable equity securities | 6,038 | 2,886 | 0 | 8,924 | |||||||||||||||||||||
Total | $ | 484,203 | $ | 8,720 | $ | (10,265 | ) | $ | 482,658 | ||||||||||||||||
The following table presents gross unrealized losses and fair value of available-for-sale securities with unrealized loss positions that are not deemed to be other-than-temporarily impaired, aggregated by length of time that individual securities have been in a continuous unrealized loss position at September 30, 2014 and December 31, 2013: | |||||||||||||||||||||||||
30-Sep-14 | Less Than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||
(In Thousands) | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
Obligations of U.S. Government agencies | $ | 1,584 | $ | (4 | ) | $ | 23,759 | $ | (860 | ) | $ | 25,343 | $ | (864 | ) | ||||||||||
Obligations of states and political subdivisions: | |||||||||||||||||||||||||
Tax-exempt | 5,935 | (24 | ) | 8,472 | (162 | ) | 14,407 | (186 | ) | ||||||||||||||||
Taxable | 6,550 | (35 | ) | 9,868 | (215 | ) | 16,418 | (250 | ) | ||||||||||||||||
Mortgage-backed securities | 24,304 | (100 | ) | 4,241 | (147 | ) | 28,545 | (247 | ) | ||||||||||||||||
Collateralized mortgage obligations, | |||||||||||||||||||||||||
Issued by U.S. Government agencies | 96,491 | (1,001 | ) | 64,549 | (2,120 | ) | 161,040 | (3,121 | ) | ||||||||||||||||
Total debt securities | 134,864 | (1,164 | ) | 110,889 | (3,504 | ) | 245,753 | (4,668 | ) | ||||||||||||||||
Marketable equity securities | 134 | (10 | ) | 0 | 0 | 134 | (10 | ) | |||||||||||||||||
Total temporarily impaired available-for-sale securities | $ | 134,998 | $ | (1,174 | ) | $ | 110,889 | $ | (3,504 | ) | $ | 245,887 | $ | (4,678 | ) | ||||||||||
31-Dec-13 | Less Than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||
(In Thousands) | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
Obligations of U.S. Government agencies | $ | 22,489 | $ | (1,337 | ) | $ | 4,598 | $ | (450 | ) | $ | 27,087 | $ | (1,787 | ) | ||||||||||
Obligations of states and political subdivisions: | |||||||||||||||||||||||||
Tax-exempt | 44,285 | (1,425 | ) | 5,808 | (663 | ) | 50,093 | (2,088 | ) | ||||||||||||||||
Taxable | 20,873 | (766 | ) | 2,378 | (123 | ) | 23,251 | (889 | ) | ||||||||||||||||
Mortgage-backed securities | 34,377 | (460 | ) | 0 | 0 | 34,377 | (460 | ) | |||||||||||||||||
Collateralized mortgage obligations, | |||||||||||||||||||||||||
Issued by U.S. Government agencies | 113,204 | (4,608 | ) | 7,399 | (433 | ) | 120,603 | (5,041 | ) | ||||||||||||||||
Total temporarily impaired available-for-sale securities | $ | 235,228 | $ | (8,596 | ) | $ | 20,183 | $ | (1,669 | ) | $ | 255,411 | $ | (10,265 | ) | ||||||||||
Gross realized gains and losses from available-for-sale securities were as follows: | |||||||||||||||||||||||||
(In Thousands) | 3 Months Ended | 9 Months Ended | |||||||||||||||||||||||
Sept. 30, | Sept. 30, | Sept. 30, | Sept. 30, | ||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
Gross realized gains from sales | $ | 761 | $ | 193 | $ | 1,103 | $ | 1,595 | |||||||||||||||||
Gross realized losses from sales | (1 | ) | 0 | (209 | ) | (118 | ) | ||||||||||||||||||
Losses from OTTI impairment | 0 | 0 | 0 | (25 | ) | ||||||||||||||||||||
Net realized gains | $ | 760 | $ | 193 | $ | 894 | $ | 1,452 | |||||||||||||||||
The amortized cost and fair value of available-for-sale debt securities by contractual maturity are shown in the following table as of September 30, 2014. Actual maturities may differ from contractual maturities because counterparties may have the right to call or prepay obligations with or without call or prepayment penalties. | |||||||||||||||||||||||||
Amortized | Fair | ||||||||||||||||||||||||
(In Thousands) | Cost | Value | |||||||||||||||||||||||
Due in one year or less | $ | 11,087 | $ | 11,224 | |||||||||||||||||||||
Due from one year through five years | 52,156 | 52,450 | |||||||||||||||||||||||
Due from five years through ten years | 64,890 | 65,061 | |||||||||||||||||||||||
Due after ten years | 57,236 | 60,836 | |||||||||||||||||||||||
Subtotal | 185,369 | 189,571 | |||||||||||||||||||||||
Mortgage-backed securities | 74,278 | 75,513 | |||||||||||||||||||||||
Collateralized mortgage obligations, | |||||||||||||||||||||||||
Issued by U.S. Government agencies | 236,940 | 234,816 | |||||||||||||||||||||||
Total | $ | 496,587 | $ | 499,900 | |||||||||||||||||||||
The Corporation’s mortgage-backed securities and collateralized mortgage obligations have stated maturities that may differ from actual maturities due to borrowers’ ability to prepay obligations. Cash flows from such investments are dependent upon the performance of the underlying mortgage loans and are generally influenced by the level of interest rates. In the table above, mortgage-backed securities and collateralized mortgage obligations are shown in one period. | |||||||||||||||||||||||||
Investment securities carried at $361,581,000 at September 30, 2014 and $323,613,000 at December 31, 2013 were pledged as collateral for public deposits, trusts and certain other deposits as provided by law. See Note 8 for information concerning securities pledged to secure borrowing arrangements. | |||||||||||||||||||||||||
Management evaluates securities for OTTI at least on a quarterly basis, and more frequently when economic or market conditions warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) whether the Corporation intends to sell the security or more likely than not will be required to sell the security before its anticipated recovery. | |||||||||||||||||||||||||
A summary of information management considered in evaluating debt and equity securities for OTTI at September 30, 2014 is provided below. | |||||||||||||||||||||||||
Debt Securities | |||||||||||||||||||||||||
At September 30, 2014, management performed an assessment for possible OTTI of the Corporation’s debt securities on an issue-by-issue basis, relying on information obtained from various sources, including publicly available financial data, ratings by external agencies, brokers and other sources. The extent of individual analysis applied to each security depended on the size of the Corporation’s investment, as well as management’s perception of the credit risk associated with each security. Based on the results of the assessment, management believes impairment of debt securities, including municipal bonds with no external ratings, at September 30, 2014 to be temporary. | |||||||||||||||||||||||||
The credit rating agencies have withdrawn their ratings on numerous municipal bonds held by the Corporation. At September 30, 2014, the total amortized cost basis of municipal bonds with no external credit ratings was $16,424,000, with an aggregate unrealized gain of $166,000. At the time of purchase, each of these bonds was considered investment grade and had been rated by at least one credit rating agency. Most of the bonds for which credit rating agencies have withdrawn their ratings were insured by an entity that has reported significant financial problems and declines in its regulatory capital ratios, and most of the ratings were removed in the fourth quarter 2009. However, the insurance remains in effect on the bonds. In the third quarter 2013, a credit rating agency withdrew its ratings on several bonds due to changes in its rating methodology related to credit enhancement programs provided by issuers’ state governments. However, the credit enhancement remains in effect on the bonds. None of the unrated municipal bonds has failed to make a scheduled payment. | |||||||||||||||||||||||||
Equity Securities | |||||||||||||||||||||||||
The Corporation’s marketable equity securities at September 30, 2014 and December 31, 2013 consisted exclusively of stocks of banking companies. At September 30, 2014, the Corporation held three stocks with an unrealized loss of $10,000 for which management determined an OTTI charge was not required. | |||||||||||||||||||||||||
Realized gains from sales of bank stocks totaled $289,000 in the three-month period ended September 30, 2014 and $363,000 in the nine-month period ended September 30, 2014. The Corporation realized gains from sales of bank stocks totaling $188,000 in the three-month period ended September 30, 2013 and $766,000 in the nine-month period ended September 30, 2013. | |||||||||||||||||||||||||
C&N Bank is a member of the Federal Home Loan Bank of Pittsburgh (FHLB-Pittsburgh), which is one of 12 regional Federal Home Loan Banks. As a member, C&N Bank is required to purchase and maintain stock in FHLB-Pittsburgh. There is no active market for FHLB-Pittsburgh stock, and it must ordinarily be redeemed by FHLB-Pittsburgh in order to be liquidated. C&N Bank’s investment in FHLB-Pittsburgh stock, included in Other Assets in the consolidated balance sheet, was $2,924,000 at September 30, 2014 and $3,656,000 at December 31, 2013. The Corporation evaluated its holding of FHLB-Pittsburgh stock for impairment and deemed the stock to not be impaired at September 30, 2014 and December 31, 2013. In making this determination, management concluded that recovery of total outstanding par value, which equals the carrying value, is expected. The decision was based on review of financial information that FHLB-Pittsburgh has made publicly available. |
Note_7_Loans
Note 7 - Loans | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' | ||||||||||||||||||||||||||||||||
7. LOANS | |||||||||||||||||||||||||||||||||
The loans receivable portfolio is segmented into residential mortgage, commercial and consumer loans. Loans outstanding at September 30, 2014 and December 31, 2013 are summarized by segment, and by classes within each segment, as follows: | |||||||||||||||||||||||||||||||||
Summary of Loans by Type | |||||||||||||||||||||||||||||||||
(In Thousands) | Sept. 30, | Dec. 31, | |||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | $ | 290,943 | $ | 299,831 | |||||||||||||||||||||||||||||
Residential mortgage loans - junior liens | 21,843 | 23,040 | |||||||||||||||||||||||||||||||
Home equity lines of credit | 35,975 | 34,530 | |||||||||||||||||||||||||||||||
1-4 Family residential construction | 16,895 | 13,909 | |||||||||||||||||||||||||||||||
Total residential mortgage | 365,656 | 371,310 | |||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 144,410 | 147,215 | |||||||||||||||||||||||||||||||
Commercial and industrial | 50,615 | 42,387 | |||||||||||||||||||||||||||||||
Political subdivisions | 14,823 | 16,291 | |||||||||||||||||||||||||||||||
Commercial construction and land | 9,069 | 17,003 | |||||||||||||||||||||||||||||||
Loans secured by farmland | 8,542 | 10,468 | |||||||||||||||||||||||||||||||
Multi-family (5 or more) residential | 9,092 | 10,985 | |||||||||||||||||||||||||||||||
Agricultural loans | 3,284 | 3,251 | |||||||||||||||||||||||||||||||
Other commercial loans | 13,620 | 14,631 | |||||||||||||||||||||||||||||||
Total commercial | 253,455 | 262,231 | |||||||||||||||||||||||||||||||
Consumer | 10,298 | 10,762 | |||||||||||||||||||||||||||||||
Total | 629,409 | 644,303 | |||||||||||||||||||||||||||||||
Less: allowance for loan losses | (7,449 | ) | (8,663 | ) | |||||||||||||||||||||||||||||
Loans, net | $ | 621,960 | $ | 635,640 | |||||||||||||||||||||||||||||
The Corporation grants loans to individuals as well as commercial and tax-exempt entities. Commercial, residential and personal loans are made to customers geographically concentrated in the Pennsylvania and New York counties that comprise the market serviced by Citizens & Northern Bank. Although the Corporation has a diversified loan portfolio, a significant portion of its debtors’ ability to honor their contracts is dependent on the local economic conditions within the region. There is no concentration of loans to borrowers engaged in similar businesses or activities that exceed 10% of total loans at either September 30, 2014 or December 31, 2013. | |||||||||||||||||||||||||||||||||
The Corporation maintains an allowance for loan losses that represents management’s estimate of the losses inherent in the loan portfolio as of the balance sheet date and recorded as a reduction of the investment in loans. The allowance for loan losses is maintained at a level considered adequate to provide for losses that can be reasonably anticipated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Corporation’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, composition of the loan portfolio, current economic conditions and other relevant factors. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant revision as more information becomes available. In the process of evaluating the loan portfolio, management also considers the Corporation’s exposure to losses from unfunded loan commitments. As of September 30, 2014 and December 31, 2013, management determined that no allowance for credit losses related to unfunded loan commitments was required. | |||||||||||||||||||||||||||||||||
Transactions within the allowance for loan losses, summarized by segment and class, for the three-month and nine-month periods ended September 30, 2014 and 2013 were as follows: | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | June 30, | Provision | Sept. 30, | ||||||||||||||||||||||||||||||
(In Thousands) | 2014 Balance | Charge-offs | Recoveries | (Credit) | 2014 Balance | ||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | 2,966 | $ | (37 | ) | $ | 12 | $ | 18 | $ | 2,959 | |||||||||||||||||||||||
Residential mortgage loans - junior liens | 280 | 0 | 0 | (5 | ) | 275 | |||||||||||||||||||||||||||
Home equity lines of credit | 277 | 0 | 0 | 11 | 288 | ||||||||||||||||||||||||||||
1-4 Family residential construction | 173 | 0 | 0 | 38 | 211 | ||||||||||||||||||||||||||||
Total residential mortgage | 3,696 | (37 | ) | 12 | 62 | 3,733 | |||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 1,896 | 0 | 0 | (60 | ) | 1,836 | |||||||||||||||||||||||||||
Commercial and industrial | 626 | 0 | 1 | 40 | 667 | ||||||||||||||||||||||||||||
Political subdivisions | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||
Commercial construction and land | 163 | 0 | 0 | 145 | 308 | ||||||||||||||||||||||||||||
Loans secured by farmland | 96 | 0 | 0 | 58 | 154 | ||||||||||||||||||||||||||||
Multi-family (5 or more) residential | 103 | 0 | 0 | (17 | ) | 86 | |||||||||||||||||||||||||||
Agricultural loans | 30 | 0 | 0 | 1 | 31 | ||||||||||||||||||||||||||||
Other commercial loans | 135 | 0 | 0 | (6 | ) | 129 | |||||||||||||||||||||||||||
Total commercial | 3,049 | 0 | 1 | 161 | 3,211 | ||||||||||||||||||||||||||||
Consumer | 127 | (24 | ) | 12 | (5 | ) | 110 | ||||||||||||||||||||||||||
Unallocated | 395 | 0 | 0 | 0 | 395 | ||||||||||||||||||||||||||||
Total Allowance for Loan Losses | $ | 7,267 | $ | (61 | ) | $ | 25 | $ | 218 | $ | 7,449 | ||||||||||||||||||||||
Three Months Ended September 30, 2013 | June 30, | Provision | Sept. 30, | ||||||||||||||||||||||||||||||
(In Thousands) | 2013 Balance | Charge-offs | Recoveries | (Credit) | 2013 Balance | ||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | $ | 2,871 | $ | 0 | $ | 0 | $ | 54 | $ | 2,925 | |||||||||||||||||||||||
Residential mortgage loans - junior liens | 229 | 0 | 0 | (15 | ) | 214 | |||||||||||||||||||||||||||
Home equity lines of credit | 258 | 0 | 0 | 10 | 268 | ||||||||||||||||||||||||||||
1-4 Family residential construction | 179 | 0 | 0 | 10 | 189 | ||||||||||||||||||||||||||||
Total residential mortgage | 3,537 | 0 | 0 | 59 | 3,596 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 1,944 | (169 | ) | 50 | (163 | ) | 1,662 | ||||||||||||||||||||||||||
Commercial and industrial | 628 | (176 | ) | 1 | 143 | 596 | |||||||||||||||||||||||||||
Political subdivisions | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||
Commercial construction and land | 258 | 0 | 0 | 136 | 394 | ||||||||||||||||||||||||||||
Loans secured by farmland | 121 | 0 | 0 | (4 | ) | 117 | |||||||||||||||||||||||||||
Multi-family (5 or more) residential | 64 | 0 | 0 | (9 | ) | 55 | |||||||||||||||||||||||||||
Agricultural loans | 28 | 0 | 0 | 0 | 28 | ||||||||||||||||||||||||||||
Other commercial loans | 5 | 0 | 0 | 86 | 91 | ||||||||||||||||||||||||||||
Total commercial | 3,048 | (345 | ) | 51 | 189 | 2,943 | |||||||||||||||||||||||||||
Consumer | 215 | (29 | ) | 16 | (9 | ) | 193 | ||||||||||||||||||||||||||
Unallocated | 398 | 0 | 0 | 0 | 398 | ||||||||||||||||||||||||||||
Total Allowance for Loan Losses | $ | 7,198 | $ | (374 | ) | $ | 67 | $ | 239 | $ | 7,130 | ||||||||||||||||||||||
Nine Months Ended September 30, 2014 | December 31, | Provision | Sept. 30, | ||||||||||||||||||||||||||||||
(In Thousands) | 2013 Balance | Charge-offs | Recoveries | (Credit) | 2014 Balance | ||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | $ | 2,974 | $ | (96 | ) | $ | 13 | $ | 68 | $ | 2,959 | ||||||||||||||||||||||
Residential mortgage loans - junior liens | 294 | 0 | 0 | (19 | ) | 275 | |||||||||||||||||||||||||||
Home equity lines of credit | 269 | 0 | 0 | 19 | 288 | ||||||||||||||||||||||||||||
1-4 Family residential construction | 168 | 0 | 0 | 43 | 211 | ||||||||||||||||||||||||||||
Total residential mortgage | 3,705 | (96 | ) | 13 | 111 | 3,733 | |||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 3,123 | (1,521 | ) | 250 | (16 | ) | 1,836 | ||||||||||||||||||||||||||
Commercial and industrial | 591 | (24 | ) | 9 | 91 | 667 | |||||||||||||||||||||||||||
Political subdivisions | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||
Commercial construction and land | 267 | (170 | ) | 5 | 206 | 308 | |||||||||||||||||||||||||||
Loans secured by farmland | 115 | 0 | 0 | 39 | 154 | ||||||||||||||||||||||||||||
Multi-family (5 or more) residential | 103 | 0 | 0 | (17 | ) | 86 | |||||||||||||||||||||||||||
Agricultural loans | 30 | 0 | 0 | 1 | 31 | ||||||||||||||||||||||||||||
Other commercial loans | 138 | 0 | 0 | (9 | ) | 129 | |||||||||||||||||||||||||||
Total commercial | 4,367 | (1,715 | ) | 264 | 295 | 3,211 | |||||||||||||||||||||||||||
Consumer | 193 | (70 | ) | 37 | (50 | ) | 110 | ||||||||||||||||||||||||||
Unallocated | 398 | 0 | 0 | (3 | ) | 395 | |||||||||||||||||||||||||||
Total Allowance for Loan Losses | $ | 8,663 | $ | (1,881 | ) | $ | 314 | $ | 353 | $ | 7,449 | ||||||||||||||||||||||
Nine Months Ended September 30, 2013 | December 31, | Provision | Sept. 30, | ||||||||||||||||||||||||||||||
(In Thousands) | 2012 Balance | Charge-offs | Recoveries | (Credit) | 2013 Balance | ||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | $ | 2,619 | $ | (65 | ) | $ | 11 | $ | 360 | $ | 2,925 | ||||||||||||||||||||||
Residential mortgage loans - junior liens | 247 | 0 | 0 | (33 | ) | 214 | |||||||||||||||||||||||||||
Home equity lines of credit | 255 | 0 | 0 | 13 | 268 | ||||||||||||||||||||||||||||
1-4 Family residential construction | 96 | (11 | ) | 0 | 104 | 189 | |||||||||||||||||||||||||||
Total residential mortgage | 3,217 | (76 | ) | 11 | 444 | 3,596 | |||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 1,930 | (169 | ) | 343 | (442 | ) | 1,662 | ||||||||||||||||||||||||||
Commercial and industrial | 581 | (286 | ) | 3 | 298 | 596 | |||||||||||||||||||||||||||
Political subdivisions | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||
Commercial construction and land | 234 | (4 | ) | 0 | 164 | 394 | |||||||||||||||||||||||||||
Loans secured by farmland | 129 | 0 | 0 | (12 | ) | 117 | |||||||||||||||||||||||||||
Multi-family (5 or more) residential | 67 | 0 | 0 | (12 | ) | 55 | |||||||||||||||||||||||||||
Agricultural loans | 27 | 0 | 0 | 1 | 28 | ||||||||||||||||||||||||||||
Other commercial loans | 3 | 0 | 0 | 88 | 91 | ||||||||||||||||||||||||||||
Total commercial | 2,971 | (459 | ) | 346 | 85 | 2,943 | |||||||||||||||||||||||||||
Consumer | 228 | (84 | ) | 47 | 2 | 193 | |||||||||||||||||||||||||||
Unallocated | 441 | 0 | 0 | (43 | ) | 398 | |||||||||||||||||||||||||||
Total Allowance for Loan Losses | $ | 6,857 | $ | (619 | ) | $ | 404 | $ | 488 | $ | 7,130 | ||||||||||||||||||||||
In the evaluation of the loan portfolio, management determines two major components for the allowance for loan losses – (1) a specific component based on an assessment of certain larger relationships, mainly commercial purpose loans, on a loan-by-loan basis; and (2) a general component for the remainder of the portfolio based on a collective evaluation of pools of loans with similar risk characteristics. The general component is assigned to each pool of loans based on both historical net charge-off experience, and an evaluation of certain qualitative factors. An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the above methodologies for estimating specific and general losses in the portfolio. | |||||||||||||||||||||||||||||||||
In determining the larger loan relationships for detailed assessment under the specific allowance component, the Corporation uses an internal risk rating system. Under the risk rating system, the Corporation classifies problem or potential problem loans as “Special Mention,” “Substandard,” or “Doubtful” on the basis of currently existing facts, conditions and values. Substandard loans include those characterized by the distinct possibility that the Corporation will sustain some loss if the deficiencies are not corrected. Loans classified as Doubtful have all the weaknesses inherent in those classified as Substandard with the added characteristic that the weaknesses present make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Loans that do not currently expose the Corporation to sufficient risk to warrant classification as Substandard or Doubtful, but possess weaknesses that deserve management’s close attention, are deemed to be Special Mention. Risk ratings are updated any time that conditions or the situation warrants. Loans not classified are included in the “Pass” column in the table below. | |||||||||||||||||||||||||||||||||
The following tables summarize the aggregate credit quality classification of outstanding loans by risk rating as of September 30, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||||||
30-Sep-14 | Special | ||||||||||||||||||||||||||||||||
(In Thousands) | Pass | Mention | Substandard | Doubtful | Total | ||||||||||||||||||||||||||||
Residential Mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | $ | 278,183 | $ | 1,707 | $ | 10,974 | $ | 79 | $ | 290,943 | |||||||||||||||||||||||
Residential mortgage loans - junior liens | 20,765 | 328 | 750 | 0 | 21,843 | ||||||||||||||||||||||||||||
Home equity lines of credit | 35,272 | 244 | 459 | 0 | 35,975 | ||||||||||||||||||||||||||||
1-4 Family residential construction | 16,874 | 21 | 0 | 0 | 16,895 | ||||||||||||||||||||||||||||
Total residential mortgage | 351,094 | 2,300 | 12,183 | 79 | 365,656 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 131,571 | 3,363 | 9,476 | 0 | 144,410 | ||||||||||||||||||||||||||||
Commercial and Industrial | 42,551 | 4,665 | 3,164 | 235 | 50,615 | ||||||||||||||||||||||||||||
Political subdivisions | 14,823 | 0 | 0 | 0 | 14,823 | ||||||||||||||||||||||||||||
Commercial construction and land | 6,592 | 284 | 2,107 | 86 | 9,069 | ||||||||||||||||||||||||||||
Loans secured by farmland | 6,108 | 535 | 1,872 | 27 | 8,542 | ||||||||||||||||||||||||||||
Multi-family (5 or more) residential | 8,795 | 296 | 1 | 0 | 9,092 | ||||||||||||||||||||||||||||
Agricultural loans | 3,244 | 0 | 40 | 0 | 3,284 | ||||||||||||||||||||||||||||
Other commercial loans | 13,531 | 89 | 0 | 0 | 13,620 | ||||||||||||||||||||||||||||
Total Commercial | 227,215 | 9,232 | 16,660 | 348 | 253,455 | ||||||||||||||||||||||||||||
Consumer | 10,173 | 1 | 124 | 0 | 10,298 | ||||||||||||||||||||||||||||
Totals | $ | 588,482 | $ | 11,533 | $ | 28,967 | $ | 427 | $ | 629,409 | |||||||||||||||||||||||
31-Dec-13 | Pass | Special | Substandard | Doubtful | Total | ||||||||||||||||||||||||||||
(In Thousands) | Mention | ||||||||||||||||||||||||||||||||
Residential Mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | $ | 286,144 | $ | 1,876 | $ | 11,629 | $ | 182 | $ | 299,831 | |||||||||||||||||||||||
Residential mortgage loans - junior liens | 21,694 | 351 | 995 | 0 | 23,040 | ||||||||||||||||||||||||||||
Home equity lines of credit | 33,821 | 295 | 414 | 0 | 34,530 | ||||||||||||||||||||||||||||
1-4 Family residential construction | 13,837 | 0 | 72 | 0 | 13,909 | ||||||||||||||||||||||||||||
Total residential mortgage | 355,496 | 2,522 | 13,110 | 182 | 371,310 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 129,834 | 5,866 | 11,368 | 147 | 147,215 | ||||||||||||||||||||||||||||
Commercial and Industrial | 32,317 | 6,697 | 3,138 | 235 | 42,387 | ||||||||||||||||||||||||||||
Political subdivisions | 16,291 | 0 | 0 | 0 | 16,291 | ||||||||||||||||||||||||||||
Commercial construction and land | 13,792 | 427 | 2,036 | 748 | 17,003 | ||||||||||||||||||||||||||||
Loans secured by farmland | 8,279 | 758 | 1,402 | 29 | 10,468 | ||||||||||||||||||||||||||||
Multi-family (5 or more) residential | 10,665 | 316 | 4 | 0 | 10,985 | ||||||||||||||||||||||||||||
Agricultural loans | 3,169 | 34 | 48 | 0 | 3,251 | ||||||||||||||||||||||||||||
Other commercial loans | 14,532 | 99 | 0 | 0 | 14,631 | ||||||||||||||||||||||||||||
Total commercial | 228,879 | 14,197 | 17,996 | 1,159 | 262,231 | ||||||||||||||||||||||||||||
Consumer | 10,587 | 6 | 169 | 0 | 10,762 | ||||||||||||||||||||||||||||
Totals | $ | 594,962 | $ | 16,725 | $ | 31,275 | $ | 1,341 | $ | 644,303 | |||||||||||||||||||||||
The general component of the allowance for loan losses covers pools of loans including commercial loans not considered individually impaired, as well as smaller balance homogeneous classes of loans, such as residential real estate, home equity lines of credit and other consumer loans. Accordingly, the Corporation generally does not separately identify individual consumer and residential loans for impairment disclosures, unless such loans are subject to a restructuring agreement. The pools of loans are evaluated for loss exposure based upon three-year average historical net charge-off rates for each loan class, adjusted for qualitative factors. Qualitative risk factors (described in the following paragraph) are evaluated for the impact on each of the three segments (residential mortgage, commercial and consumer) within the loan portfolio. Each qualitative factor is assigned a value to reflect improving, stable or declining conditions based on management’s judgment using relevant information available at the time of the evaluation. The adjustment for qualitative factors is applied as an increase or decrease to the three-year average net charge-off rate to each loan class within each segment. | |||||||||||||||||||||||||||||||||
The qualitative factors used in the general component calculations are designed to address credit risk characteristics associated with each segment. The Corporation’s credit risk associated with all of the segments is significantly impacted by these factors, which include economic conditions within its market area, the Corporation’s lending policies, changes or trends in the portfolio, risk profile, competition, regulatory requirements and other factors. Further, the residential mortgage segment is significantly affected by the values of residential real estate that provide collateral for the loans. The majority of the Corporation’s commercial segment loans (approximately 68% at September 30, 2014) is secured by real estate, and accordingly, the Corporation’s risk for the commercial segment is significantly affected by commercial real estate values. The consumer segment includes a wide mix of loans for different purposes, primarily secured loans, including loans secured by motor vehicles, manufactured housing and other types of collateral. | |||||||||||||||||||||||||||||||||
Loans are classified as impaired, when, based on current information and events, it is probable that the Corporation will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial loans, by the fair value of the collateral (if the loan is collateral dependent), by future cash flows discounted at the loan’s effective rate or by the loan’s observable market price. | |||||||||||||||||||||||||||||||||
The scope of loans evaluated individually for impairment include all loan relationships greater than $200,000 for which there is at least one extension of credit graded Special Mention, Substandard or Doubtful. Also, all loans classified as troubled debt restructurings (discussed in more detail below) and all loan relationships less than $200,000 in the aggregate, but with an estimated loss of $100,000 or more, are individually evaluated for impairment. Loans that are individually evaluated for impairment, but which are not determined to be impaired, are combined with all remaining loans that are not reviewed on a specific basis, and such loans are included within larger pools of loans based on similar risk and loss characteristics for purposes of determining the general component of the allowance. The loans that have been individually evaluated, but which have not been determined to be impaired, are included in the “Collectively Evaluated” column in the tables summarizing the allowance and associated loan balances as of September 30, 2014 and December 31, 2013. | |||||||||||||||||||||||||||||||||
The following tables present a summary of loan balances and the related allowance for loan losses summarized by portfolio segment and class for each impairment method used as of September 30, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||||||
30-Sep-14 | Loans: | Allowance for Loan Losses: | |||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Individually | Collectively | Individually | Collectively | ||||||||||||||||||||||||||||||
Evaluated | Evaluated | Totals | Evaluated | Evaluated | Totals | ||||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | $ | 2,498 | $ | 288,445 | $ | 290,943 | $ | 449 | $ | 2,510 | $ | 2,959 | |||||||||||||||||||||
Residential mortgage loans - junior liens | 181 | 21,662 | 21,843 | 100 | 175 | 275 | |||||||||||||||||||||||||||
Home equity lines of credit | 0 | 35,975 | 35,975 | 0 | 288 | 288 | |||||||||||||||||||||||||||
1-4 Family residential construction | 0 | 16,895 | 16,895 | 0 | 211 | 211 | |||||||||||||||||||||||||||
Total residential mortgage | 2,679 | 362,977 | 365,656 | 549 | 3,184 | 3,733 | |||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 6,692 | 137,718 | 144,410 | 18 | 1,818 | 1,836 | |||||||||||||||||||||||||||
Commercial and industrial | 765 | 49,850 | 50,615 | 98 | 569 | 667 | |||||||||||||||||||||||||||
Political subdivisions | 0 | 14,823 | 14,823 | 0 | 0 | 0 | |||||||||||||||||||||||||||
Commercial construction and land | 2,109 | 6,960 | 9,069 | 211 | 97 | 308 | |||||||||||||||||||||||||||
Loans secured by farmland | 1,809 | 6,733 | 8,542 | 90 | 64 | 154 | |||||||||||||||||||||||||||
Multi-family (5 or more) residential | 0 | 9,092 | 9,092 | 0 | 86 | 86 | |||||||||||||||||||||||||||
Agricultural loans | 40 | 3,244 | 3,284 | 0 | 31 | 31 | |||||||||||||||||||||||||||
Other commercial loans | 0 | 13,620 | 13,620 | 0 | 129 | 129 | |||||||||||||||||||||||||||
Total commercial | 11,415 | 242,040 | 253,455 | 417 | 2,794 | 3,211 | |||||||||||||||||||||||||||
Consumer | 0 | 10,298 | 10,298 | 0 | 110 | 110 | |||||||||||||||||||||||||||
Unallocated | 395 | ||||||||||||||||||||||||||||||||
Total | $ | 14,094 | $ | 615,315 | $ | 629,409 | $ | 966 | $ | 6,088 | $ | 7,449 | |||||||||||||||||||||
31-Dec-13 | Loans: | Allowance for Loan Losses: | |||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Individually | Collectively | Individually | Collectively | ||||||||||||||||||||||||||||||
Evaluated | Evaluated | Totals | Evaluated | Evaluated | Totals | ||||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | $ | 2,727 | $ | 297,104 | $ | 299,831 | $ | 449 | $ | 2,525 | $ | 2,974 | |||||||||||||||||||||
Residential mortgage loans - junior liens | 183 | 22,857 | 23,040 | 100 | 194 | 294 | |||||||||||||||||||||||||||
Home equity lines of credit | 0 | 34,530 | 34,530 | 0 | 269 | 269 | |||||||||||||||||||||||||||
1-4 Family residential construction | 0 | 13,909 | 13,909 | 0 | 168 | 168 | |||||||||||||||||||||||||||
Total residential mortgage | 2,910 | 368,400 | 371,310 | 549 | 3,156 | 3,705 | |||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 7,988 | 139,227 | 147,215 | 1,577 | 1,546 | 3,123 | |||||||||||||||||||||||||||
Commercial and industrial | 1,276 | 41,111 | 42,387 | 106 | 485 | 591 | |||||||||||||||||||||||||||
Political subdivisions | 0 | 16,291 | 16,291 | 0 | 0 | 0 | |||||||||||||||||||||||||||
Commercial construction | 2,776 | 14,227 | 17,003 | 72 | 195 | 267 | |||||||||||||||||||||||||||
Loans secured by farmland | 1,318 | 9,150 | 10,468 | 29 | 86 | 115 | |||||||||||||||||||||||||||
Multi-family (5 or more) residential | 0 | 10,985 | 10,985 | 0 | 103 | 103 | |||||||||||||||||||||||||||
Agricultural loans | 48 | 3,203 | 3,251 | 0 | 30 | 30 | |||||||||||||||||||||||||||
Other commercial loans | 0 | 14,631 | 14,631 | 0 | 138 | 138 | |||||||||||||||||||||||||||
Total commercial | 13,406 | 248,825 | 262,231 | 1,784 | 2,583 | 4,367 | |||||||||||||||||||||||||||
Consumer | 5 | 10,757 | 10,762 | 0 | 193 | 193 | |||||||||||||||||||||||||||
Unallocated | 398 | ||||||||||||||||||||||||||||||||
Total | $ | 16,321 | $ | 627,982 | $ | 644,303 | $ | 2,333 | $ | 5,932 | $ | 8,663 | |||||||||||||||||||||
The average balance of impaired loans and interest income recognized on impaired loans is as follows: | |||||||||||||||||||||||||||||||||
(In Thousands) | 3 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||||||
Sept. 30, | Sept. 30, | ||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||
Average investment in impaired loans | $ | 14,611 | $ | 8,773 | $ | 14,870 | $ | 8,032 | |||||||||||||||||||||||||
Interest income recognized on impaired loans | 130 | 163 | 503 | 291 | |||||||||||||||||||||||||||||
Interest income recognized on a cash basis on impaired loans | 130 | 163 | 503 | 291 | |||||||||||||||||||||||||||||
Loans are placed on nonaccrual status for all classes of loans when, in the opinion of management, collection of interest is doubtful. Any unpaid interest previously accrued on those loans is reversed from income. Interest income is not recognized on specific impaired loans unless the likelihood of further loss is remote. Interest payments received on loans for which the risk of further loss is greater than remote are applied as a reduction of the loan principal balance. Interest income on other nonaccrual loans is recognized only to the extent of interest payments received. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time (generally six months) and the ultimate collectability of the total contractual principal and interest is no longer in doubt. The past due status of all classes of loans receivable is determined based on contractual due dates for loan payments. Also, the amortization of deferred loan fees is discontinued when a loan is placed on nonaccrual status. | |||||||||||||||||||||||||||||||||
The breakdown by portfolio segment and class of nonaccrual loans and loans past due ninety days or more and still accruing is as follows: | |||||||||||||||||||||||||||||||||
(In Thousands) | 30-Sep-14 | 31-Dec-13 | |||||||||||||||||||||||||||||||
Past Due | Past Due | ||||||||||||||||||||||||||||||||
90+ Days and | 90+ Days and | ||||||||||||||||||||||||||||||||
Accruing | Nonaccrual | Accruing | Nonaccrual | ||||||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | $ | 1,589 | $ | 3,677 | $ | 2,016 | $ | 3,533 | |||||||||||||||||||||||||
Residential mortgage loans - junior liens | 130 | 151 | 187 | 110 | |||||||||||||||||||||||||||||
Home equity lines of credit | 35 | 86 | 87 | 62 | |||||||||||||||||||||||||||||
1-4 Family residential construction | 0 | 0 | 0 | 72 | |||||||||||||||||||||||||||||
Total residential mortgage | 1,754 | 3,914 | 2,290 | 3,777 | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 703 | 5,931 | 744 | 7,096 | |||||||||||||||||||||||||||||
Commercial and industrial | 5 | 450 | 17 | 434 | |||||||||||||||||||||||||||||
Commercial construction and land | 110 | 2,001 | 5 | 2,663 | |||||||||||||||||||||||||||||
Loans secured by farmland | 29 | 1,361 | 0 | 902 | |||||||||||||||||||||||||||||
Agricultural loans | 0 | 40 | 0 | 35 | |||||||||||||||||||||||||||||
Total commercial | 847 | 9,783 | 766 | 11,130 | |||||||||||||||||||||||||||||
Consumer | 1 | 25 | 75 | 27 | |||||||||||||||||||||||||||||
Totals | $ | 2,602 | $ | 13,722 | $ | 3,131 | $ | 14,934 | |||||||||||||||||||||||||
The amounts shown in the table immediately above include loans classified as troubled debt restructurings (described in more detail below), if such loans are past due ninety days or more or nonaccrual. | |||||||||||||||||||||||||||||||||
The table below presents a summary of the contractual aging of loans as of September 30, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||||||
As of September 30, 2014 | As of December 31, 2013 | ||||||||||||||||||||||||||||||||
Current & | Current & | ||||||||||||||||||||||||||||||||
(In Thousands) | Past Due | Past Due | Past Due | Past Due | Past Due | Past Due | |||||||||||||||||||||||||||
Less than | 30-89 | 90+ | Less than | 30-89 | 90+ | ||||||||||||||||||||||||||||
30 Days | Days | Days | Total | 30 Days | Days | Days | Total | ||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | $ | 284,215 | $ | 3,457 | $ | 3,271 | $ | 290,943 | $ | 289,483 | $ | 6,776 | $ | 3,572 | $ | 299,831 | |||||||||||||||||
Residential mortgage loans - junior liens | 21,325 | 246 | 272 | 21,843 | 22,247 | 506 | 287 | 23,040 | |||||||||||||||||||||||||
Home equity lines of credit | 35,766 | 88 | 121 | 35,975 | 34,263 | 118 | 149 | 34,530 | |||||||||||||||||||||||||
1-4 Family residential construction | 16,895 | 0 | 0 | 16,895 | 13,837 | 0 | 72 | 13,909 | |||||||||||||||||||||||||
Total residential mortgage | 358,201 | 3,791 | 3,664 | 365,656 | 359,830 | 7,400 | 4,080 | 371,310 | |||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 141,669 | 1,480 | 1,261 | 144,410 | 145,055 | 405 | 1,755 | 147,215 | |||||||||||||||||||||||||
Commercial and industrial | 50,199 | 277 | 139 | 50,615 | 41,730 | 434 | 223 | 42,387 | |||||||||||||||||||||||||
Political subdivisions | 14,823 | 0 | 0 | 14,823 | 16,291 | 0 | 0 | 16,291 | |||||||||||||||||||||||||
Commercial construction and land | 6,916 | 42 | 2,111 | 9,069 | 14,303 | 32 | 2,668 | 17,003 | |||||||||||||||||||||||||
Loans secured by farmland | 6,922 | 230 | 1,390 | 8,542 | 9,267 | 329 | 872 | 10,468 | |||||||||||||||||||||||||
Multi-family (5 or more) residential | 8,796 | 296 | 0 | 9,092 | 10,985 | 0 | 0 | 10,985 | |||||||||||||||||||||||||
Agricultural loans | 3,238 | 6 | 40 | 3,284 | 3,203 | 13 | 35 | 3,251 | |||||||||||||||||||||||||
Other commercial loans | 13,620 | 0 | 0 | 13,620 | 14,631 | 0 | 0 | 14,631 | |||||||||||||||||||||||||
Total commercial | 246,183 | 2,331 | 4,941 | 253,455 | 255,465 | 1,213 | 5,553 | 262,231 | |||||||||||||||||||||||||
Consumer | 10,212 | 85 | 1 | 10,298 | 10,516 | 171 | 75 | 10,762 | |||||||||||||||||||||||||
Totals | $ | 614,596 | $ | 6,207 | $ | 8,606 | $ | 629,409 | $ | 625,811 | $ | 8,784 | $ | 9,708 | $ | 644,303 | |||||||||||||||||
Nonaccrual loans are included in the contractual aging in the immediately preceding table. A summary of the contractual aging of nonaccrual loans at September 30, 2014 and December 31, 2013 is as follows: | |||||||||||||||||||||||||||||||||
Current & | |||||||||||||||||||||||||||||||||
(In Thousands) | Past Due | Past Due | Past Due | ||||||||||||||||||||||||||||||
Less than | 30-89 | 90+ | |||||||||||||||||||||||||||||||
30 Days | Days | Days | Total | ||||||||||||||||||||||||||||||
September 30, 2014 Nonaccrual Totals | $ | 6,969 | $ | 749 | $ | 6,004 | $ | 13,722 | |||||||||||||||||||||||||
December 31, 2013 Nonaccrual Totals | $ | 7,878 | $ | 479 | $ | 6,577 | $ | 14,934 | |||||||||||||||||||||||||
Loans whose terms are modified are classified as Troubled Debt Restructurings (TDRs) if the Corporation grants such borrowers concessions, and it is deemed that those borrowers are experiencing financial difficulty. Loans classified as TDRs are designated as impaired. The outstanding balance of loans subject to TDRs, as well as contractual aging information at September 30, 2014 and December 31, 2013 is as follows: | |||||||||||||||||||||||||||||||||
Current & | |||||||||||||||||||||||||||||||||
(In Thousands) | Past Due | Past Due | Past Due | ||||||||||||||||||||||||||||||
Less than | 30-89 | 90+ | |||||||||||||||||||||||||||||||
30 Days | Days | Days | Nonaccrual | Total | |||||||||||||||||||||||||||||
September 30, 2014 Totals | $ | 1,325 | $ | 509 | $ | 171 | $ | 6,001 | $ | 8,006 | |||||||||||||||||||||||
December 31, 2013 Totals | $ | 3,254 | $ | 13 | $ | 0 | $ | 908 | $ | 4,175 | |||||||||||||||||||||||
There were no TDRs that occurred during the three-month periods ended September 30, 2014 and 2013. TDRs that occurred during the nine-month periods ended September 30, 2014 and 2013 were as follows: | |||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2014 | Pre- | Post- | |||||||||||||||||||||||||||||||
(Balances in Thousands) | Modification | Modification | |||||||||||||||||||||||||||||||
Number | Outstanding | Outstanding | |||||||||||||||||||||||||||||||
of | Recorded | Recorded | |||||||||||||||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||||||||||||||
Residential mortgage, | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | 3 | $ | 150 | $ | 150 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 5 | 6,679 | 5,193 | ||||||||||||||||||||||||||||||
Commercial and industrial | 1 | 80 | 80 | ||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | Pre- | Post- | |||||||||||||||||||||||||||||||
(Balances in Thousands) | Modification | Modification | |||||||||||||||||||||||||||||||
Number | Outstanding | Outstanding | |||||||||||||||||||||||||||||||
of | Recorded | Recorded | |||||||||||||||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | 6 | $ | 677 | $ | 677 | ||||||||||||||||||||||||||||
Residential mortgage loans - junior liens | 3 | 102 | 102 | ||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 1 | 440 | 440 | ||||||||||||||||||||||||||||||
Loans secured by farmland | 4 | 512 | 512 | ||||||||||||||||||||||||||||||
Agricultural loans | 1 | 13 | 13 | ||||||||||||||||||||||||||||||
Consumer | 1 | 6 | 6 | ||||||||||||||||||||||||||||||
The TDRs in the nine-month period ended September 30, 2014 related to residential mortgage loans included a reduction in payment amount on one contract, an interest only period on one contract and a reduction in interest rate and payment on one contract. The TDRs related to commercial loans in the nine-month period ended September 30, 2014 relate to six contracts associated with one relationship. The Corporation entered into a forbearance agreement with this commercial borrower which includes a reduction in monthly payment amounts over a fifteen-month period. At the end of the fifteen-month period, the monthly payment amounts would revert to the original amounts, unless the forbearance agreement is extended or the payment requirements are otherwise modified. The Corporation recorded a charge-off of $1,486,000 in the second quarter 2014 as a result of these modifications, as the payment amounts based on the forbearance agreement are not sufficient to fully amortize the contractual amount of principal outstanding on the loans. The amount of the charge-off was determined based on the excess of the contractual principal due over the present value of the payment amounts provided for in the forbearance agreement, assuming the revised payment amounts would continue until maturity, at the contractual interest rates. After the effect of the $1,486,000 charge-off related to loans to one commercial borrower described above, there was no allowance for loan losses on loans to that borrower at September 30, 2014, while the allowance on the loans amounted to $1,552,000 at December 31, 2013. There were no other changes in the allowance for loan losses related to TDRs that occurred during the nine-month period ended September 30, 2014. | |||||||||||||||||||||||||||||||||
The TDRs in the nine-month period ended September 30, 2013 included interest only payments for an extended period of time on ten contracts, extensions of the final maturity date on three contracts, reduction in interest rate on two contracts, and reduction in payment amount for one year on one contract. There was no allowance for loan losses on these loans at September 30, 2013 and no change in the allowance for loan losses resulting from these TDRs during the nine-month period ended September 30, 2013. | |||||||||||||||||||||||||||||||||
In the third quarter of 2014 and 2013, there were no defaults on loans for which modifications considered to be TDRs were entered into within the previous 12 months. In the nine-month periods ended September 30, 2014 and 2013, defaults on loans for which modifications considered to be TDRs were entered into within the previous 12 months were as follows: | |||||||||||||||||||||||||||||||||
Number | |||||||||||||||||||||||||||||||||
of | Recorded | ||||||||||||||||||||||||||||||||
Contracts | Investment | ||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2014 | |||||||||||||||||||||||||||||||||
(Balances in Thousands) | |||||||||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | 2 | $ | 223 | ||||||||||||||||||||||||||||||
Residential mortgage loans - junior liens | 1 | 62 | |||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Loans secured by real estate | 1 | 429 | |||||||||||||||||||||||||||||||
Loans secured by farmland | 4 | 490 | |||||||||||||||||||||||||||||||
Agricultural | 1 | 13 | |||||||||||||||||||||||||||||||
Number | |||||||||||||||||||||||||||||||||
of | Recorded | ||||||||||||||||||||||||||||||||
Contracts | Investment | ||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
(Balances in Thousands) | |||||||||||||||||||||||||||||||||
Commercial, | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 1 | $ | 440 | ||||||||||||||||||||||||||||||
In the nine-month period ended September 30, 2014, the events of default in the table listed above included a borrower’s failure to make reduced payments provided for at a reduced interest rate on a first lien residential mortgage. The other events of default listed above in the nine-month periods ended September 30, 2014 resulted from the borrowers’ failure to make interest only monthly payments. There were no allowances for loan losses recorded on these loans at September 30, 2014. | |||||||||||||||||||||||||||||||||
In the nine-month period ended September 30, 2013, the event of default listed in the table resulted from the borrower’s failure to make interest only payments. There was no allowance for loan losses recorded on this loan at September 30, 2013. |
Note_8_Borrowed_Funds
Note 8 - Borrowed Funds | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Debt Disclosure [Text Block] | ' | ||||||||
8. BORROWED FUNDS | |||||||||
SHORT-TERM BORROWINGS | |||||||||
Short-term borrowings include the following: | |||||||||
(In Thousands) | Sept. 30, | Dec. 31, | |||||||
2014 | 2013 | ||||||||
FHLB-Pittsburgh borrowings | $ | 0 | $ | 20,000 | |||||
Customer repurchase agreements | 6,765 | 3,385 | |||||||
Total short-term borrowings | $ | 6,765 | $ | 23,385 | |||||
The FHLB-Pittsburgh loan facilities are collateralized by qualifying loans secured by real estate with a book value totaling $446,404,000 at September 30, 2014 and $453,792,000 at December 31, 2013. Also, the FHLB-Pittsburgh loan facilities require the Corporation to invest in established amounts of FHLB-Pittsburgh stock. The carrying values of the Corporation’s holdings of FHLB-Pittsburgh stock (included in Other Assets) were $2,924,000 at September 30, 2014 and $3,656,000 at December 31, 2013. | |||||||||
The short-term borrowing from the FHLB-Pittsburgh matured in January 2014 and had an interest rate of 0.24%. | |||||||||
The Corporation engages in repurchase agreements with certain commercial customers. These agreements provide that the Corporation sells specified investment securities to the customers on an overnight basis and repurchases them on the following business day. The weighted average rate paid by the Corporation on customer repurchase agreements was 0.10% at September 30, 2014 and December 31, 2013. The carrying value of the underlying securities was $10,824,000 at September 30, 2014 and $11,269,000 at December 31, 2013. | |||||||||
LONG-TERM BORROWINGS | |||||||||
Long-term borrowings are as follows: | |||||||||
(In Thousands) | Sept. 30, | Dec. 31, | |||||||
2014 | 2013 | ||||||||
FHLB-Pittsburgh borrowings | $ | 12,131 | $ | 12,338 | |||||
Repurchase agreements | 61,000 | 61,000 | |||||||
Total long-term borrowings | $ | 73,131 | $ | 73,338 | |||||
Long-term borrowings from FHLB - Pittsburgh are as follows: | |||||||||
(In Thousands) | Sept. 30, | Dec. 31, | |||||||
2014 | 2013 | ||||||||
Loan maturing in 2016 with a rate of 6.86% | $ | 119 | $ | 153 | |||||
Loan maturing in 2017 with a rate of 6.83% | 18 | 22 | |||||||
Loan maturing in 2017 with a rate of 3.81% | 10,000 | 10,000 | |||||||
Loan maturing in 2020 with a rate of 4.79% | 1,027 | 1,146 | |||||||
Loan maturing in 2025 with a rate of 4.91% | 967 | 1,017 | |||||||
Total long-term FHLB-Pittsburgh borrowings | $ | 12,131 | $ | 12,338 | |||||
Repurchase agreements included in long-term borrowings are as follows: | |||||||||
(In Thousands) | Sept. 30, | Dec. 31, | |||||||
2014 | 2013 | ||||||||
Agreement maturing in 2017 with a rate of 3.595% | $ | 27,000 | $ | 27,000 | |||||
Agreement maturing in 2017 with a rate of 4.265% | 34,000 | 34,000 | |||||||
Total long-term repurchase agreements | $ | 61,000 | $ | 61,000 | |||||
The Corporation incurred a loss of $1,023,000 in the first quarter of 2013 on prepayment of $7,000,000 of the agreement with an interest rate of 3.595%. Each of these borrowings is putable by the issuer at quarterly intervals. | |||||||||
Securities sold under repurchase agreements were delivered to the broker-dealer who is the counter-party to the transactions. The broker-dealer may have sold, loaned or otherwise disposed of such securities to other parties in the normal course of their operations, and has agreed to resell to the Corporation substantially identical securities at the maturities of the agreements. The Master Repurchase Agreement between the Corporation and the broker-dealer provides that the Agreement constitutes a “netting contract,” as defined; however, the Corporation and the broker-dealer have no other obligations to one another and accordingly, no netting has occurred. The carrying value of the underlying securities was $73,837,000 at September 30, 2014 and $79,814,000 at December 31, 2013. |
Note_9_Defined_Benefit_Plans
Note 9 - Defined Benefit Plans | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Pension and Other Postretirement Benefits Disclosure [Text Block] | ' | ||||||||||||||||
9. DEFINED BENEFIT PLANS | |||||||||||||||||
The Corporation sponsors a defined benefit health care plan that provides postretirement medical benefits and life insurance to employees who meet certain age and length of service requirements. Effective January 1, 2013, this plan was amended so that full-time employees no longer accrue service time toward the Corporation-subsidized portion of the medical benefits. The plan was also amended effective January 1, 2013 to change some of the age and length-of-service requirements for participants to receive some of the benefits provided under the plan. This plan contains a cost-sharing feature, which causes participants to pay for all future increases in costs related to benefit coverage. Accordingly, actuarial assumptions related to health care cost trend rates do not significantly affect the liability balance at September 30, 2014 and December 31, 2013, and are not expected to significantly affect the Corporation's future expenses. The Corporation uses a December 31 measurement date for the postretirement plan | |||||||||||||||||
In an acquisition in 2007, the Corporation assumed the Citizens Trust Company Retirement Plan, a defined benefit pension plan. This plan covers certain employees who were employed by Citizens Trust Company on December 31, 2002, when the plan was amended to discontinue admittance of any future participant and to freeze benefit accruals. Information related to the Citizens Trust Company Retirement Plan has been included in the tables that follow. The Corporation uses a December 31 measurement date for this plan. | |||||||||||||||||
The components of net periodic benefit costs from these defined benefit plans are as follows: | |||||||||||||||||
(In Thousands) | Pension | Postretirement | |||||||||||||||
Nine Months Ended | Nine Months Ended | ||||||||||||||||
Sept. 30, | Sept. 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Service cost | $ | 0 | $ | 0 | $ | 26 | $ | 31 | |||||||||
Interest cost | 55 | 53 | 43 | 41 | |||||||||||||
Expected return on plan assets | (66 | ) | (68 | ) | 0 | 0 | |||||||||||
Amortization of prior service cost | 0 | 0 | (23 | ) | (23 | ) | |||||||||||
Recognized net actuarial loss | 11 | 23 | 0 | 0 | |||||||||||||
Net periodic benefit cost | $ | 0 | $ | 8 | $ | 46 | $ | 49 | |||||||||
Pension | Postretirement | ||||||||||||||||
Three Months Ended | Three Months Ended | ||||||||||||||||
Sept. 30, | Sept. 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Service cost | $ | 0 | $ | 0 | $ | 9 | $ | 10 | |||||||||
Interest cost | 18 | 17 | 14 | 13 | |||||||||||||
Expected return on plan assets | (22 | ) | (23 | ) | 0 | 0 | |||||||||||
Amortization of prior service cost | 0 | 0 | (7 | ) | (7 | ) | |||||||||||
Recognized net actuarial loss | 3 | 7 | 0 | 0 | |||||||||||||
Net periodic benefit cost | $ | (1 | ) | $ | 1 | $ | 16 | $ | 16 | ||||||||
In the first nine months of 2014, the Corporation funded postretirement contributions totaling $42,000, with estimated annual postretirement contributions of $60,000 expected in 2014 for the full year. The Corporation made no contribution to the defined benefit pension plan in the nine months of 2014. Based upon the related actuarial reports, no defined benefit pension contributions are required in 2014, though the Corporation may make discretionary contributions. |
Note_10_Stockbased_Compensatio
Note 10 - Stock-based Compensation Plans | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | ||||||||||||||||
10. STOCK-BASED COMPENSATION PLANS | |||||||||||||||||
In January 2014, the Corporation granted options to purchase a total of 39,027 shares of common stock through its Stock Incentive and Independent Directors Stock Incentive Plans. In January 2013, the Corporation granted options to purchase a total of 64,050 shares of common stock. The exercise price for the 2014 awards is $20.45 per share, and the exercise price for the 2013 awards is $19.21 per share, based on the market price as of the date of grant. Stock option expense is recognized over the vesting period of each option. The Corporation expects total stock option expense for the year ending December 31, 2014 will be $154,000, and total stock option expense for the year ended December 31, 2013 was $242,000. | |||||||||||||||||
The Corporation records stock option expense based on estimated fair value calculated using an option valuation model. In calculating the 2014 and 2013 fair values, the Corporation utilized the Black-Scholes-Merton option-pricing model. The calculated fair value of each option granted, and significant assumptions used in the calculations, are as follows: | |||||||||||||||||
2014 | 2013 | ||||||||||||||||
Fair value of each option granted | $ | 5.5 | $ | 5.56 | |||||||||||||
Volatility | 39 | % | 41 | % | |||||||||||||
Expected option lives (years) | 8 | 8 | |||||||||||||||
Risk-free interest rate | 2.85 | % | 1.6 | % | |||||||||||||
Dividend yield | 4.33 | % | 3.69 | % | |||||||||||||
In calculating the estimated fair value of stock option awards, management based its estimates of volatility and dividend yield on the Corporation’s experience over the immediately prior period of time consistent with the estimated lives of the options. The risk-free interest rate was based on the published yield of zero-coupon U.S. Treasury strips with an applicable maturity as of the grant dates. The expected option lives were based on management’s estimates of the average term for all options issued under both plans. In 2014, management assumed a 34% forfeiture rate for options granted under the Stock Incentive Plan, and a 3% forfeiture rate for the Directors Stock Incentive Plan. In 2013, management assumed a 33% forfeiture rate for options granted under the Stock Incentive Plan, and a 0% forfeiture rate for the Directors Stock Incentive Plan. These estimated forfeiture rates were determined based on the Corporation’s historical experience. | |||||||||||||||||
In January 2014, the Corporation awarded a total of 16,711 shares of restricted stock under the Stock Incentive and Independent Directors Stock Incentive Plans. In January 2013, a total of 37,886 shares of restricted stock were awarded under the Plans. Compensation cost related to restricted stock is recognized based on the market price of the stock at the grant date over the vesting period. For most of the restricted stock awards granted under the Stock Incentive Plan, the Corporation must meet an annual targeted return on average equity (“ROAE”) performance ratio, as defined, in order for participants to vest. Management has estimated restricted stock expense in the first nine months of 2014 based on an assumption that the ROAE target for 2014 will be met. For 2014 restricted stock awards under the Stock Incentive Plan to individuals who are substantially involved in mortgage lending, and for restricted stock awards under the Independent Directors Stock Incentive Plan, vesting is not dependent on the Corporation’s ROAE. | |||||||||||||||||
Total stock-based compensation expense is as follows: | |||||||||||||||||
(In Thousands) | 3 Months Ended | 9 Months Ended | |||||||||||||||
Sept. 30, | Sept. 30, | Sept. 30, | Sept. 30, | ||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Stock options | $ | 0 | $ | 0 | $ | 154 | $ | 262 | |||||||||
Restricted stock | 79 | 113 | 309 | 343 | |||||||||||||
Total | $ | 79 | $ | 113 | $ | 463 | $ | 605 | |||||||||
Note_11_Income_Taxes
Note 11 - Income Taxes | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||||||||||
11. INCOME TAXES | |||||||||||||||||
The net deferred tax asset at September 30, 2014 and December 31, 2013 represents the following temporary difference components: | |||||||||||||||||
Sept. 30, | December 31, | ||||||||||||||||
(In Thousands) | 2014 | 2013 | |||||||||||||||
Deferred tax assets: | |||||||||||||||||
Unrealized holding losses on securities | $ | 0 | $ | 541 | |||||||||||||
Net realized losses on securities | 144 | 91 | |||||||||||||||
Allowance for loan losses | 2,607 | 3,032 | |||||||||||||||
Credit for alternative minimum tax paid | 1,073 | 1,905 | |||||||||||||||
Other deferred tax assets | 2,443 | 2,332 | |||||||||||||||
Total deferred tax assets | 6,267 | 7,901 | |||||||||||||||
Deferred tax liabilities: | |||||||||||||||||
Unrealized holding gains on securities | 2,121 | 0 | |||||||||||||||
Defined benefit plans - ASC 835 | 52 | 6 | |||||||||||||||
Bank premises and equipment | 1,193 | 1,314 | |||||||||||||||
Core deposit intangibles | 21 | 30 | |||||||||||||||
Other deferred tax liabilities | 207 | 207 | |||||||||||||||
Total deferred tax liabilities | 3,594 | 1,557 | |||||||||||||||
Deferred tax asset, net | $ | 2,673 | $ | 6,344 | |||||||||||||
The provision for income tax for the three-month and nine-month periods ended September 30, 2014 and 2013 is based on the Corporation’s estimate of the effective tax rate expected to be applicable for the full year. The effective tax rates for the Corporation are as follows: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
(In thousands) | September 30, | September 30, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Income before income tax provision | $ | 5,678 | $ | 6,268 | $ | 16,928 | $ | 19,203 | |||||||||
Income tax provision | 1,411 | 1,579 | 4,210 | 4,834 | |||||||||||||
Effective tax rate | 24.85 | % | 25.19 | % | 24.88 | % | 25.17 | % | |||||||||
The effective tax rate for each period presented differs from the statutory rate of 35% principally because of the effects of tax-exempt interest income. | |||||||||||||||||
The Corporation has investments in three limited partnerships that manage affordable housing projects that have qualified for the federal low-income housing tax credit. The Corporation’s expected return from these investments is based on the receipt of tax credits and tax benefits from deductions of operating losses. The Corporation uses the effective yield method to account for these investments, with the benefits recognized as a reduction of the provision for income taxes. For two of the three limited partnership investments, the tax credits have been received in full in prior years, and the Corporation has fully realized the benefits of the credits and amortized its initial investments in the partnerships. The most recent affordable housing project was completed in 2013, and the Corporation received tax credits in 2013 and expects to continue to receive tax credits annually through 2022. The carrying amount of the Corporation’s investment is $929,000 at September 30, 2014 and $996,000 at December 31, 2013 (included in Other Assets in the consolidated balance sheets). For the year ending December 31, 2014, the estimated amount of tax credits and other tax benefits to be received is $159,000 and the estimated amount to be recognized as a reduction of the provision for income taxes is $83,000. For the year ended December 31, 2013, tax credits and other tax benefits totaled $160,000 and the amount recognized as a reduction of the provision for income taxes for 2013 was $85,000. The reduction in the provision for income taxes resulting from this investment totaled $21,000 in the third quarter 2014 and $62,000 for the nine months ended September 30, 2014, and $21,000 in the third quarter 2013 and $64,000 for nine months ended September 30, 2013. | |||||||||||||||||
The Corporation has no unrecognized tax benefits, nor pending examination issues related to tax positions taken in preparation of its income tax returns. With limited exceptions, the Corporation is no longer subject to examination by the Internal Revenue Service for years prior to 2010. |
Note_12_Contingencies
Note 12 - Contingencies | 9 Months Ended |
Sep. 30, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies Disclosure [Text Block] | ' |
12. CONTINGENCIES | |
In the normal course of business, the Corporation may be subject to pending and threatened lawsuits in which claims for monetary damages could be asserted. In management’s opinion, the Corporation’s financial position and results of operations would not be materially affected by the outcome of such pending legal proceedings. |
Note_13_Recent_Accounting_Pron
Note 13 - Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Changes and Error Corrections [Abstract] | ' |
Accounting Changes and Error Corrections [Text Block] | ' |
13. RECENT ACCOUNTING PRONOUNCEMENTS | |
The FASB issues Accounting Standards Updates (ASUs) to the FASB Accounting Standards Codification (ASC). This section provides a summary description of recent ASUs that have significant implications (elected or required) within the consolidated financial statements, or that management expects may have a significant impact on financial statements issued in the near future. | |
In July 2013, the FASB issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. The amendments in this standard clarify that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. For the Corporation, the amendments in this Update are effective beginning in the first quarter 2014. The Corporation will be affected by these amendments if unrecognized tax benefits arise in future periods. | |
In December 2013, the FASB issued ASU 2013-12, Definition of a Public Business Entity. The amendment in this Update provides a single definition of public business entity for use in future financial accounting and reporting guidance. The amendment does not affect existing requirements and does not have an effective date. The amendment specifies the following: (1) an entity that is required by the Securities and Exchange Commission (SEC) to file or furnish financial statements with the SEC, or does file or furnish financial statements with the SEC, is considered a public entity, (2) a consolidated subsidiary of a public company is not considered a public business entity for purposes of its standalone financial statements other than those included in an SEC filing by its parent or by other registrants or those that are issuers and are required to file or furnish financial statements with the SEC, and (3) a business entity that has securities that are not subject to contractual restrictions on transfer and that is by law, contract or regulation required to prepare U.S. GAAP financial statements (including footnotes) and make them publicly available on a periodic basis is considered a public business entity. Based on this definition, Citizens & Northern Corporation is considered a public business entity, while the individual subsidiaries are not considered to be public business entities for purposes of their standalone financial statements. | |
In January 2014, the FASB issued ASU 2014-01, Accounting for Investments in Qualified Affordable Housing Projects. This Update provides guidance on accounting for investments in flow-through limited liability entities that qualify for the federal low-income housing tax credit. Currently, under U.S. GAAP, a reporting entity that invests in a qualified affordable housing project may elect to account for that investment using the effective yield method if certain conditions are met, or alternatively, the investment would be accounted for under either the equity method or the cost method. Generally, investors in qualified affordable housing project investments expect to receive all of their return through the receipt of tax credits and tax deductions from operating losses, and use of the effective yield method results in recognition of the return as a reduction of income tax expense over the period of the investment. The amendments in this Update modify the conditions that a reporting entity must meet to be eligible to use a method other than the equity or cost methods to account for investments in qualified affordable housing projects. Additionally, the amendments introduce new recurring disclosure requirements about investments in qualified affordable housing projects. The amendments in this Update are effective for the Corporation for annual and interim periods beginning in the first quarter 2015, and are to be applied retrospectively. Information concerning the Corporation’s investments in qualified affordable housing projects is provided in Note 11 to these unaudited consolidated financial statements. | |
In January 2014, the FASB issued ASU 2014-04, Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The objective of the amendments in this Update is to reduce diversity among reporting entities by clarifying when an in substance foreclosure occurs. The amendments in this Update clarify that an in substance foreclosure occurs, and a creditor is considered to have received physical possession of residential real property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to the requirements of the applicable jurisdiction. An entity can elect to adopt the amendments in this Update using either a modified retrospective transition method or a prospective transition method. Under the modified retrospective transition method, an entity would record a cumulative-effect adjustment to residential consumer mortgage loans and foreclosed residential real estate properties existing as of the beginning of the annual period for which the amendments are effective. For prospective transition, an entity would apply the amendments to all instances of an entity receiving physical possession of residential real estate property collateralizing consumer mortgage loans that occur after the date of adoption. Early adoption is permitted. The amendments in this Update are effective for the Corporation for annual and interim periods beginning in the first quarter 2015, and the Corporation is in the process of determining how it will apply the amendments to its accounting and reporting practices. | |
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which provides a principles-based framework for revenue recognition that supersedes virtually all previously issued revenue recognition guidance under U.S. GAAP. Additionally, the ASU requires improved disclosures to help users of financial statements better understand the nature, amount, timing, and uncertainty of revenue that is recognized. The core principle of the five-step revenue recognition framework is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU will be effective for all annual and interim periods beginning in the first quarter 2017. The amendments in the ASU should be applied either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying this ASU recognized at the date of initial application. The Corporation is in the process of evaluating the potential impact of adopting this ASU, including determining which transition method to apply. | |
In June 2014, the FASB issued ASU 2014-11, Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. In addition to various other amendments that will affect accounting and disclosures for transactions in which the Corporation has not engaged to date, this Update requires expanded disclosures for repurchase agreements that are accounted for as secured borrowings, including: (1) a disaggregation of the gross obligation by the class of collateral pledged, (2) the remaining contractual tenor of the agreements and (3) a discussion of the potential risks associated with the agreements and the related collateral pledged, including obligations arising from a decline in the fair value of the collateral pledged and how those risks are managed. The expanded disclosure requirements associated with repurchase agreements are effective for the Corporation for annual and interim periods beginning in the second quarter 2015. Information concerning the Corporation’s repurchase agreements is provided in Note 8 to these unaudited consolidated financial statements. | |
In August 2014, the FASB issued ASU 2014-14, Receivables – Troubled Debt Restructuring by Creditors, which requires that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if the following conditions are met: (1) the loan has a government guarantee that is not separable from the loan before foreclosure, (2) at the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under the claim and (3) at the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed. The amendments in this Update are effective for the Corporation for annual and interim periods beginning in the first quarter 2015. |
Note_2_Per_Share_Data_Tables
Note 2 - Per Share Data (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||
Weighted- | |||||||||||||
Average | Earnings | ||||||||||||
Net | Common | Per | |||||||||||
Income | Shares | Share | |||||||||||
Nine Months Ended September 30, 2014 | |||||||||||||
Earnings per share – basic | $ | 12,718,000 | 12,419,538 | $ | 1.02 | ||||||||
Dilutive effect of potential common stock arising from stock options: | |||||||||||||
Exercise of outstanding stock options | 233,579 | ||||||||||||
Hypothetical share repurchase at $19.28 | (212,200 | ) | |||||||||||
Earnings per share – diluted | $ | 12,718,000 | 12,440,917 | $ | 1.02 | ||||||||
Nine Months Ended September 30, 2013 | |||||||||||||
Earnings per share – basic | $ | 14,369,000 | 12,342,706 | $ | 1.16 | ||||||||
Dilutive effect of potential common stock arising from stock options: | |||||||||||||
Exercise of outstanding stock options | 251,970 | ||||||||||||
Hypothetical share repurchase at $19.73 | (222,749 | ) | |||||||||||
Earnings per share – diluted | $ | 14,369,000 | 12,371,927 | $ | 1.16 | ||||||||
Weighted- | |||||||||||||
Average | Earnings | ||||||||||||
Net | Common | Per | |||||||||||
Income | Shares | Share | |||||||||||
Quarter Ended September 30, 2014 | |||||||||||||
Earnings per share – basic | $ | 4,267,000 | 12,399,482 | $ | 0.34 | ||||||||
Dilutive effect of potential common stock arising from stock options: | |||||||||||||
Exercise of outstanding stock options | 222,344 | ||||||||||||
Hypothetical share repurchase at $19.33 | (201,826 | ) | |||||||||||
Earnings per share – diluted | $ | 4,267,000 | 12,420,000 | $ | 0.34 | ||||||||
Quarter Ended September 30, 2013 | |||||||||||||
Earnings per share – basic | $ | 4,689,000 | 12,363,887 | $ | 0.38 | ||||||||
Dilutive effect of potential common stock arising from stock options: | |||||||||||||
Exercise of outstanding stock options | 302,956 | ||||||||||||
Hypothetical share repurchase at $20.10 | (269,941 | ) | |||||||||||
Earnings per share – diluted | $ | 4,689,000 | 12,396,902 | $ | 0.38 |
Note_3_Comprehensive_Income_Ta
Note 3 - Comprehensive Income (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||
Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||
(In Thousands) | Before-Tax | Income Tax | Net-of-Tax | ||||||||||
Amount | Effect | Amount | |||||||||||
Nine Months Ended Sept. 30, 2014: | |||||||||||||
Unrealized gains on available-for-sale securities: | |||||||||||||
Unrealized holding gains on available-for-sale securities | $ | 8,500 | $ | (2,975 | ) | $ | 5,525 | ||||||
Reclassification adjustment for (gains) realized in income | (894 | ) | 313 | (581 | ) | ||||||||
Other comprehensive gain on available-for-sale securities | 7,606 | (2,662 | ) | 4,944 | |||||||||
Unfunded pension and postretirement obligations: | |||||||||||||
Changes from plan amendments and actuarial gains and losses included in other comprehensive income | 144 | (50 | ) | 94 | |||||||||
Amortization of net transition obligation, prior service cost and net actuarial loss included in net periodic benefit cost | (12 | ) | 4 | (8 | ) | ||||||||
Other comprehensive gain on unfunded retirement obligations | 132 | (46 | ) | 86 | |||||||||
Total other comprehensive gain | $ | 7,738 | $ | (2,708 | ) | $ | 5,030 | ||||||
(In Thousands) | Before-Tax | Income Tax | Net-of-Tax | ||||||||||
Amount | Effect | Amount | |||||||||||
Nine Months Ended Sept. 30, 2013: | |||||||||||||
Unrealized gains on available-for-sale securities: | |||||||||||||
Unrealized holding losses on available-for-sale securities | $ | (12,465 | ) | $ | 4,362 | $ | (8,103 | ) | |||||
Reclassification adjustment for (gains) realized in income | (1,452 | ) | 507 | (945 | ) | ||||||||
Other comprehensive loss on available-for-sale securities | (13,917 | ) | 4,869 | (9,048 | ) | ||||||||
Unfunded pension and postretirement obligations: | |||||||||||||
Changes from plan amendments and actuarial gains and losses included in other comprehensive income | 636 | (223 | ) | 413 | |||||||||
Amortization of net transition obligation, prior service cost and net actuarial loss included in net periodic benefit cost | 0 | 0 | 0 | ||||||||||
Other comprehensive gain on unfunded retirement obligations | 636 | (223 | ) | 413 | |||||||||
Total other comprehensive loss | $ | (13,281 | ) | $ | 4,646 | $ | (8,635 | ) | |||||
(In Thousands) | Before-Tax | Income Tax | Net-of-Tax | ||||||||||
Amount | Effect | Amount | |||||||||||
Three Months Ended Sept. 30, 2014: | |||||||||||||
Unrealized gains on available-for-sale securities: | |||||||||||||
Unrealized holding losses on available-for-sale securities | $ | (1,357 | ) | $ | 475 | $ | (882 | ) | |||||
Reclassification adjustment for (gains) realized in income | (760 | ) | 266 | (494 | ) | ||||||||
Other comprehensive loss on available-for-sale securities | (2,117 | ) | 741 | (1,376 | ) | ||||||||
Unfunded pension and postretirement obligations: | |||||||||||||
Changes from plan amendments and actuarial gains and losses included in other comprehensive income | 0 | 0 | 0 | ||||||||||
Amortization of net transition obligation, prior service cost and net actuarial loss included in net periodic benefit cost | (4 | ) | 1 | (3 | ) | ||||||||
Other comprehensive loss on unfunded retirement obligations | (4 | ) | 1 | (3 | ) | ||||||||
Total other comprehensive loss | $ | (2,121 | ) | $ | 742 | $ | (1,379 | ) | |||||
(In Thousands) | Before-Tax | Income Tax | Net-of-Tax | ||||||||||
Amount | Effect | Amount | |||||||||||
Three Months Ended Sept. 30, 2013: | |||||||||||||
Unrealized gains on available-for-sale securities: | |||||||||||||
Unrealized holding losses on available-for-sale securities | $ | (286 | ) | $ | 101 | $ | (185 | ) | |||||
Reclassification adjustment for (gains) realized in income | (193 | ) | 66 | (127 | ) | ||||||||
Other comprehensive loss on available-for-sale securities | (479 | ) | 167 | (312 | ) | ||||||||
Unfunded pension and postretirement obligations: | |||||||||||||
Changes from plan amendments and actuarial gains and losses included in other comprehensive income | 0 | 0 | 0 | ||||||||||
Amortization of net transition obligation, prior service cost and net actuarial loss included in net periodic benefit cost | 0 | 0 | 0 | ||||||||||
Other comprehensive gain on unfunded retirement obligations | 0 | 0 | 0 | ||||||||||
Total other comprehensive loss | $ | (479 | ) | $ | 167 | $ | (312 | ) | |||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||
(In Thousands) | Unrealized | Unfunded | Accumulated | ||||||||||
Holding Gains | Pension and | Other | |||||||||||
(Losses) | Postretirement | Comprehensive | |||||||||||
on Securities | Obligations | Income | |||||||||||
Nine Months Ended September 30, 2014 | |||||||||||||
Balance, beginning of period | $ | (1,004 | ) | $ | 11 | $ | (993 | ) | |||||
Other comprehensive income before reclassifications | 5,525 | 94 | 5,619 | ||||||||||
Amounts reclassified from accumulated other comprehensive income | (581 | ) | (8 | ) | (589 | ) | |||||||
Other comprehensive income | 4,944 | 86 | 5,030 | ||||||||||
Balance, end of period | $ | 3,940 | $ | 97 | $ | 4,037 | |||||||
Nine Months Ended September 30, 2013 | |||||||||||||
Balance, beginning of period | $ | 11,568 | $ | (565 | ) | $ | 11,003 | ||||||
Other comprehensive (loss) income before reclassifications | (8,103 | ) | 413 | (7,690 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive income | (945 | ) | 0 | (945 | ) | ||||||||
Other comprehensive (loss) income | (9,048 | ) | 413 | (8,635 | ) | ||||||||
Balance, end of period | $ | 2,520 | $ | (152 | ) | $ | 2,368 | ||||||
Three Months Ended September 30, 2014 | |||||||||||||
Balance, beginning of period | $ | 5,316 | $ | 100 | $ | 5,416 | |||||||
Other comprehensive loss income before reclassifications | (882 | ) | 0 | (882 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive income | (494 | ) | (3 | ) | (497 | ) | |||||||
Other comprehensive loss | (1,376 | ) | (3 | ) | (1,379 | ) | |||||||
Balance, end of period | $ | 3,940 | $ | 97 | $ | 4,037 | |||||||
Three Months Ended September 30, 2013 | |||||||||||||
Balance, beginning of period | $ | 2,832 | $ | (152 | ) | $ | 2,680 | ||||||
Other comprehensive loss before reclassifications | (185 | ) | 0 | (185 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive income | (127 | ) | 0 | (127 | ) | ||||||||
Other comprehensive loss | (312 | ) | 0 | (312 | ) | ||||||||
Balance, end of period | $ | 2,520 | $ | (152 | ) | $ | 2,368 | ||||||
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | ' | ||||||||||||
Details about Accumulated Other | Reclassified from Accumulated Other Comprehensive Income | Affected Line Item in the Consolidated | |||||||||||
Comprehensive Income Components | Statements of Income | ||||||||||||
Unrealized gains and losses on available-for-sale | |||||||||||||
Securities | $ | (894 | ) | Realized gains on available-for-sale securities, net | |||||||||
313 | Income tax provision | ||||||||||||
(581 | ) | Net of tax | |||||||||||
Amortization of defined benefit pension and postretirement items: | |||||||||||||
Prior service cost | (23 | ) | Pensions and other employee benefits | ||||||||||
Actuarial loss | 11 | Pensions and other employee benefits | |||||||||||
(12 | ) | Total before tax | |||||||||||
4 | Income tax provision | ||||||||||||
(8 | ) | Net of tax | |||||||||||
Total reclassifications for the period | $ | (589 | ) | ||||||||||
Details about Accumulated Other | Reclassified from Accumulated Other Comprehensive Income | Details about Accumulated Other | |||||||||||
Comprehensive Income Components | Statements of Income | ||||||||||||
Unrealized gains and losses on available-for-sale | |||||||||||||
Securities | $ | 25 | Total other-than-temporary impairment losses on available-for-sale securities | ||||||||||
(1,477 | ) | Realized gains on available-for-sale securities, net | |||||||||||
(1,452 | ) | Total before tax | |||||||||||
507 | Income tax provision | ||||||||||||
(945 | ) | Net of tax | |||||||||||
Amortization of defined benefit pension and postretirement items: | |||||||||||||
Prior service cost | (23 | ) | Pensions and other employee benefits | ||||||||||
Actuarial loss | 23 | Pensions and other employee benefits | |||||||||||
0 | Total before tax | ||||||||||||
0 | Income tax provision | ||||||||||||
0 | Net of tax | ||||||||||||
Total reclassifications for the period | $ | (945 | ) | ||||||||||
Reclassified from | |||||||||||||
Details about Accumulated Other | Accumulated Other | Affected Line Item in the Consolidated | |||||||||||
Comprehensive Income Components | Comprehensive Income | Statements of Income | |||||||||||
Unrealized gains and losses on available-for-sale | |||||||||||||
Securities | $ | (760 | ) | Realized gains on available-for-sale securities, net | |||||||||
266 | Income tax provision | ||||||||||||
(494 | ) | Net of tax | |||||||||||
Amortization of defined benefit pension and postretirement items: | |||||||||||||
Prior service cost | (7 | ) | Pensions and other employee benefits | ||||||||||
Actuarial loss | 3 | Pensions and other employee benefits | |||||||||||
(4 | ) | Total before tax | |||||||||||
1 | Income tax provision | ||||||||||||
(3 | ) | Net of tax | |||||||||||
Total reclassifications for the period | $ | (497 | ) | ||||||||||
Reclassified from | |||||||||||||
Details about Accumulated Other | Accumulated Other | Affected Line Item in the Consolidated | |||||||||||
Comprehensive Income Components | Comprehensive Income | Statements of Income | |||||||||||
Unrealized gains and losses on available-for-sale | |||||||||||||
Securities | $ | 0 | Total other-than-temporary impairment losses on available-for-sale securities | ||||||||||
(193 | ) | Realized gains on available-for-sale securities, net | |||||||||||
(193 | ) | Total before tax | |||||||||||
66 | Income tax provision | ||||||||||||
(127 | ) | Net of tax | |||||||||||
Amortization of defined benefit pension and postretirement items: | |||||||||||||
Prior service cost | (7 | ) | Pensions and other employee benefits | ||||||||||
Actuarial loss | 7 | Pensions and other employee benefits | |||||||||||
0 | Total before tax | ||||||||||||
0 | Income tax provision | ||||||||||||
0 | Net of tax | ||||||||||||
Total reclassifications for the period | $ | (127 | ) |
Note_4_Cash_and_Due_from_Banks1
Note 4 - Cash and Due from Banks (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Cash and Cash Equivalents [Abstract] | ' | ||||||||
Schedule of Cash and Cash Equivalents [Table Text Block] | ' | ||||||||
(In thousands) | Sept. 30 | Dec. 31, | |||||||
2014 | 2013 | ||||||||
Cash and cash equivalents | $ | 50,131 | $ | 38,591 | |||||
Certificates of deposit | 5,308 | 6,028 | |||||||
Total cash and due from banks | $ | 55,439 | $ | 44,619 |
Note_5_Fair_Value_Measurements1
Note 5 - Fair Value Measurements and Fair Values of Financial Instruments (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
Note 5 - Fair Value Measurements and Fair Values of Financial Instruments (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||
Fair Value, by Balance Sheet Grouping [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||||||||||
Quoted Prices | Other | ||||||||||||||||||||||||||||||||
in Active | Observable | Unobservable | Total | ||||||||||||||||||||||||||||||
Markets | Inputs | Inputs | Fair | ||||||||||||||||||||||||||||||
(In Thousands) | (Level 1) | (Level 2) | (Level 3) | Value | |||||||||||||||||||||||||||||
Recurring fair value measurements | |||||||||||||||||||||||||||||||||
AVAILABLE-FOR-SALE SECURITIES: | |||||||||||||||||||||||||||||||||
Obligations of U.S. Government agencies | $ | 0 | $ | 26,416 | $ | 0 | $ | 26,416 | |||||||||||||||||||||||||
Obligations of states and political subdivisions: | |||||||||||||||||||||||||||||||||
Tax-exempt | 0 | 128,292 | 0 | 128,292 | |||||||||||||||||||||||||||||
Taxable | 0 | 34,203 | 0 | 34,203 | |||||||||||||||||||||||||||||
Mortgage-backed securities | 0 | 75,513 | 0 | 75,513 | |||||||||||||||||||||||||||||
Collateralized mortgage obligations, | |||||||||||||||||||||||||||||||||
Issued by U.S. Government agencies | 0 | 234,816 | 0 | 234,816 | |||||||||||||||||||||||||||||
Collateralized debt obligations | 0 | 660 | 0 | 660 | |||||||||||||||||||||||||||||
Total debt securities | 0 | 499,900 | 0 | 499,900 | |||||||||||||||||||||||||||||
Marketable equity securities | 8,353 | 0 | 0 | 8,353 | |||||||||||||||||||||||||||||
Total available-for-sale securities | 8,353 | 499,900 | 0 | 508,253 | |||||||||||||||||||||||||||||
Servicing rights | 0 | 0 | 1,296 | 1,296 | |||||||||||||||||||||||||||||
Total recurring fair value measurements | $ | 8,353 | $ | 499,900 | $ | 1,296 | $ | 509,549 | |||||||||||||||||||||||||
Nonrecurring fair value measurements | |||||||||||||||||||||||||||||||||
Impaired loans with a valuation allowance | $ | 0 | $ | 0 | $ | 4,059 | $ | 4,059 | |||||||||||||||||||||||||
Valuation allowance | 0 | 0 | (966 | ) | (966 | ) | |||||||||||||||||||||||||||
Impaired loans, net | 0 | 0 | 3,093 | 3,093 | |||||||||||||||||||||||||||||
Foreclosed assets held for sale | 0 | 0 | 1,888 | 1,888 | |||||||||||||||||||||||||||||
Total nonrecurring fair value measurements | $ | 0 | $ | 0 | $ | 4,981 | $ | 4,981 | |||||||||||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||||||||||
Quoted Prices | Other | ||||||||||||||||||||||||||||||||
in Active | Observable | Unobservable | Total | ||||||||||||||||||||||||||||||
Markets | Inputs | Inputs | Fair | ||||||||||||||||||||||||||||||
(In Thousands) | (Level 1) | (Level 2) | (Level 3) | Value | |||||||||||||||||||||||||||||
Recurring fair value measurements | |||||||||||||||||||||||||||||||||
AVAILABLE-FOR-SALE SECURITIES: | |||||||||||||||||||||||||||||||||
Obligations of U.S. Government agencies | $ | 0 | $ | 45,877 | $ | 0 | $ | 45,877 | |||||||||||||||||||||||||
Obligations of states and political subdivisions: | |||||||||||||||||||||||||||||||||
Tax-exempt | 0 | 128,426 | 0 | 128,426 | |||||||||||||||||||||||||||||
Taxable | 0 | 34,471 | 0 | 34,471 | |||||||||||||||||||||||||||||
Mortgage-backed securities | 0 | 86,208 | 0 | 86,208 | |||||||||||||||||||||||||||||
Collateralized mortgage obligations, | |||||||||||||||||||||||||||||||||
Issued by U.S. Government agencies | 0 | 178,092 | 0 | 178,092 | |||||||||||||||||||||||||||||
Collateralized debt obligations | 0 | 660 | 0 | 660 | |||||||||||||||||||||||||||||
Total debt securities | 0 | 473,734 | 0 | 473,734 | |||||||||||||||||||||||||||||
Marketable equity securities | 8,924 | 0 | 0 | 8,924 | |||||||||||||||||||||||||||||
Total available-for-sale securities | 8,924 | 473,734 | 0 | 482,658 | |||||||||||||||||||||||||||||
Servicing rights | 0 | 0 | 1,123 | 1,123 | |||||||||||||||||||||||||||||
Total recurring fair value measurements | $ | 8,924 | $ | 473,734 | $ | 1,123 | $ | 483,781 | |||||||||||||||||||||||||
Nonrecurring fair value measurements | |||||||||||||||||||||||||||||||||
Impaired loans with a valuation allowance | $ | 0 | $ | 0 | $ | 9,889 | $ | 9,889 | |||||||||||||||||||||||||
Valuation allowance | 0 | 0 | (2,333 | ) | (2,333 | ) | |||||||||||||||||||||||||||
Impaired loans, net | 0 | 0 | 7,556 | 7,556 | |||||||||||||||||||||||||||||
Foreclosed assets held for sale | 0 | 0 | 892 | 892 | |||||||||||||||||||||||||||||
Total nonrecurring fair value measurements | $ | 0 | $ | 0 | $ | 8,448 | $ | 8,448 | |||||||||||||||||||||||||
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Fair Value at | |||||||||||||||||||||||||||||||||
9/30/14 | Valuation | Unobservable | Method or Value As of | ||||||||||||||||||||||||||||||
Asset | (In Thousands) | Technique | Input(s) | 9/30/14 | |||||||||||||||||||||||||||||
Servicing rights | $ | 1,296 | Discounted | Discount rate | 10 | % | Rate used through modeling period | ||||||||||||||||||||||||||
cash flow | |||||||||||||||||||||||||||||||||
Loan prepayment speeds | 147 | % | Weighted-average PSA | ||||||||||||||||||||||||||||||
Servicing fees | 0.25 | % | of loan balances | ||||||||||||||||||||||||||||||
4 | % | of payments are late | |||||||||||||||||||||||||||||||
5 | % | late fees assessed | |||||||||||||||||||||||||||||||
$ | 1.94 | Miscellaneous fees per account per month | |||||||||||||||||||||||||||||||
Servicing costs | $ | 6 | Monthly servicing cost per account | ||||||||||||||||||||||||||||||
$ | 24 | Additional monthly servicing cost per loan on loans more than 30 days delinquent | |||||||||||||||||||||||||||||||
1.5 | % | of loans more than 30 days delinquent | |||||||||||||||||||||||||||||||
3 | % | annual increase in servicing costs | |||||||||||||||||||||||||||||||
Fair Value at | |||||||||||||||||||||||||||||||||
12/31/13 | Valuation | Unobservable | Method or Value As of | ||||||||||||||||||||||||||||||
Asset | (In Thousands) | Technique | Input(s) | 12/31/13 | |||||||||||||||||||||||||||||
Servicing rights | $ | 1,123 | Discounted | Discount rate | 12 | % | Rate used through modeling period | ||||||||||||||||||||||||||
cash flow | |||||||||||||||||||||||||||||||||
Loan prepayment speeds | 152 | % | Weighted-average PSA | ||||||||||||||||||||||||||||||
Servicing fees | 0.25 | % | of loan balances | ||||||||||||||||||||||||||||||
4 | % | of payments are late | |||||||||||||||||||||||||||||||
5 | % | late fees assessed | |||||||||||||||||||||||||||||||
$ | 1.94 | Miscellaneous fees per account per month | |||||||||||||||||||||||||||||||
Servicing costs | $ | 6 | Monthly servicing cost per account | ||||||||||||||||||||||||||||||
$ | 24 | Additional monthly servicing cost per loan on loans more than 30 days delinquent | |||||||||||||||||||||||||||||||
1.5 | % | of loans more than 30 days delinquent | |||||||||||||||||||||||||||||||
3 | % | annual increase in servicing costs | |||||||||||||||||||||||||||||||
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
(In Thousands) | Valuation | 30-Sep-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||
Method(s) | Carrying | Fair | Carrying | Fair | |||||||||||||||||||||||||||||
Used | Amount | Value | Amount | Value | |||||||||||||||||||||||||||||
Financial assets: | |||||||||||||||||||||||||||||||||
Cash and cash equivalents | Level 1 | $ | 50,131 | $ | 50,131 | $ | 38,591 | $ | 38,591 | ||||||||||||||||||||||||
Certificates of deposit | Level 2 | 5,308 | 5,332 | 6,028 | 6,057 | ||||||||||||||||||||||||||||
Available-for-sale securities | See Above | 508,253 | 508,253 | 482,658 | 482,658 | ||||||||||||||||||||||||||||
Restricted equity securities (included in Other Assets) | Level 2 | 3,054 | 3,054 | 3,786 | 3,786 | ||||||||||||||||||||||||||||
Loans held for sale | Level 1 | 418 | 418 | 54 | 54 | ||||||||||||||||||||||||||||
Loans, net | Level 3 | 621,960 | 627,575 | 635,640 | 634,937 | ||||||||||||||||||||||||||||
Accrued interest receivable | Level 1 | 3,964 | 3,964 | 4,146 | 4,146 | ||||||||||||||||||||||||||||
Servicing rights | Level 3 | 1,296 | 1,296 | 1,123 | 1,123 | ||||||||||||||||||||||||||||
Financial liabilities: | |||||||||||||||||||||||||||||||||
Deposits with no stated maturity | Level 1 | 726,740 | 726,740 | 693,479 | 693,479 | ||||||||||||||||||||||||||||
Time deposits | Level 3 | 254,789 | 255,718 | 261,037 | 262,376 | ||||||||||||||||||||||||||||
Short-term borrowings | Level 3 | 6,765 | 6,687 | 23,385 | 23,356 | ||||||||||||||||||||||||||||
Long-term borrowings | Level 3 | 73,131 | 79,160 | 73,338 | 79,400 | ||||||||||||||||||||||||||||
Accrued interest payable | Level 1 | 97 | 97 | 120 | 120 | ||||||||||||||||||||||||||||
Reporting Period 2014 [Member] | ' | ||||||||||||||||||||||||||||||||
Note 5 - Fair Value Measurements and Fair Values of Financial Instruments (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Three Months Ended Sept. 30, 2014 | Nine Months Ended Sept. 30, 2014 | ||||||||||||||||||||||||||||||||
(In Thousands) | Servicing | Servicing | |||||||||||||||||||||||||||||||
Rights | Rights | ||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 1,281 | $ | 1,123 | |||||||||||||||||||||||||||||
Issuances of servicing rights | 32 | 138 | |||||||||||||||||||||||||||||||
Unrealized (losses) gains included in earnings | (17 | ) | 35 | ||||||||||||||||||||||||||||||
Balance, end of period | $ | 1,296 | $ | 1,296 | |||||||||||||||||||||||||||||
Reporting Period 2013 [Member] | ' | ||||||||||||||||||||||||||||||||
Note 5 - Fair Value Measurements and Fair Values of Financial Instruments (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Pooled Trust | Pooled Trust | Pooled Trust | Pooled Trust | ||||||||||||||||||||||||||||||
Preferred | Preferred | Preferred | Preferred | ||||||||||||||||||||||||||||||
Securities - | Securities - | Securities - | Securities - | ||||||||||||||||||||||||||||||
(In Thousands) | Senior | Mezzanine | Servicing | Senior | Mezzanine | Servicing | |||||||||||||||||||||||||||
Tranches | Tranches | Rights | Total | Tranches | Tranches | Rights | Total | ||||||||||||||||||||||||||
Balance, beginning of period | $ | 0 | $ | 0 | $ | 850 | $ | 850 | $ | 1,613 | $ | 0 | $ | 605 | $ | 2,218 | |||||||||||||||||
Issuances of servicing rights | 0 | 0 | 120 | 120 | 0 | 0 | 360 | 360 | |||||||||||||||||||||||||
Accretion and amortization, net | 0 | 0 | 0 | 0 | (2 | ) | 0 | 0 | (2 | ) | |||||||||||||||||||||||
Proceeds from sales and calls | 0 | 0 | 0 | 0 | (1,636 | ) | (571 | ) | 0 | (2,207 | ) | ||||||||||||||||||||||
Realized gains, net | 0 | 0 | 0 | 0 | 23 | 571 | 0 | 594 | |||||||||||||||||||||||||
Unrealized gains included in Earnings | 0 | 0 | 79 | 79 | 0 | 0 | 84 | 84 | |||||||||||||||||||||||||
Unrealized gains included in other comprehensive income | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 2 | |||||||||||||||||||||||||
Balance, end of period | $ | 0 | $ | 0 | $ | 1,049 | $ | 1,049 | $ | 0 | $ | 0 | $ | 1,049 | $ | 1,049 |
Note_6_Securities_Tables
Note 6 - Securities (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | ||||||||||||||||||||||||
Available-for-sale Securities [Table Text Block] | ' | ||||||||||||||||||||||||
30-Sep-14 | |||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Unrealized | Unrealized | ||||||||||||||||||||||||
Amortized | Holding | Holding | Fair | ||||||||||||||||||||||
(In Thousands) | Cost | Gains | Losses | Value | |||||||||||||||||||||
Obligations of U.S. Government agencies | $ | 27,237 | $ | 43 | $ | (864 | ) | $ | 26,416 | ||||||||||||||||
Obligations of states and political subdivisions: | |||||||||||||||||||||||||
Tax-exempt | 123,336 | 5,142 | (186 | ) | 128,292 | ||||||||||||||||||||
Taxable | 34,136 | 317 | (250 | ) | 34,203 | ||||||||||||||||||||
Mortgage-backed securities | 74,278 | 1,482 | (247 | ) | 75,513 | ||||||||||||||||||||
Collateralized mortgage obligations, | |||||||||||||||||||||||||
Issued by U.S. Government agencies | 236,940 | 997 | (3,121 | ) | 234,816 | ||||||||||||||||||||
Collateralized debt obligations | 660 | 0 | 0 | 660 | |||||||||||||||||||||
Total debt securities | 496,587 | 7,981 | (4,668 | ) | 499,900 | ||||||||||||||||||||
Marketable equity securities | 5,605 | 2,758 | (10 | ) | 8,353 | ||||||||||||||||||||
Total | $ | 502,192 | $ | 10,739 | $ | (4,678 | ) | $ | 508,253 | ||||||||||||||||
31-Dec-13 | |||||||||||||||||||||||||
Gross | Gross | ||||||||||||||||||||||||
Unrealized | Unrealized | ||||||||||||||||||||||||
Amortized | Holding | Holding | Fair | ||||||||||||||||||||||
(In Thousands) | Cost | Gains | Losses | Value | |||||||||||||||||||||
Obligations of U.S. Government agencies | $ | 47,382 | $ | 282 | $ | (1,787 | ) | $ | 45,877 | ||||||||||||||||
Obligations of states and political subdivisions: | |||||||||||||||||||||||||
Tax-exempt | 127,748 | 2,766 | (2,088 | ) | 128,426 | ||||||||||||||||||||
Taxable | 35,154 | 206 | (889 | ) | 34,471 | ||||||||||||||||||||
Mortgage-backed securities | 84,849 | 1,819 | (460 | ) | 86,208 | ||||||||||||||||||||
Collateralized mortgage obligations, | |||||||||||||||||||||||||
Issued by U.S. Government agencies | 182,372 | 761 | (5,041 | ) | 178,092 | ||||||||||||||||||||
Collateralized debt obligations: | 660 | 0 | 0 | 660 | |||||||||||||||||||||
Total debt securities | 478,165 | 5,834 | (10,265 | ) | 473,734 | ||||||||||||||||||||
Marketable equity securities | 6,038 | 2,886 | 0 | 8,924 | |||||||||||||||||||||
Total | $ | 484,203 | $ | 8,720 | $ | (10,265 | ) | $ | 482,658 | ||||||||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
30-Sep-14 | Less Than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||
(In Thousands) | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
Obligations of U.S. Government agencies | $ | 1,584 | $ | (4 | ) | $ | 23,759 | $ | (860 | ) | $ | 25,343 | $ | (864 | ) | ||||||||||
Obligations of states and political subdivisions: | |||||||||||||||||||||||||
Tax-exempt | 5,935 | (24 | ) | 8,472 | (162 | ) | 14,407 | (186 | ) | ||||||||||||||||
Taxable | 6,550 | (35 | ) | 9,868 | (215 | ) | 16,418 | (250 | ) | ||||||||||||||||
Mortgage-backed securities | 24,304 | (100 | ) | 4,241 | (147 | ) | 28,545 | (247 | ) | ||||||||||||||||
Collateralized mortgage obligations, | |||||||||||||||||||||||||
Issued by U.S. Government agencies | 96,491 | (1,001 | ) | 64,549 | (2,120 | ) | 161,040 | (3,121 | ) | ||||||||||||||||
Total debt securities | 134,864 | (1,164 | ) | 110,889 | (3,504 | ) | 245,753 | (4,668 | ) | ||||||||||||||||
Marketable equity securities | 134 | (10 | ) | 0 | 0 | 134 | (10 | ) | |||||||||||||||||
Total temporarily impaired available-for-sale securities | $ | 134,998 | $ | (1,174 | ) | $ | 110,889 | $ | (3,504 | ) | $ | 245,887 | $ | (4,678 | ) | ||||||||||
31-Dec-13 | Less Than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||
(In Thousands) | Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
Obligations of U.S. Government agencies | $ | 22,489 | $ | (1,337 | ) | $ | 4,598 | $ | (450 | ) | $ | 27,087 | $ | (1,787 | ) | ||||||||||
Obligations of states and political subdivisions: | |||||||||||||||||||||||||
Tax-exempt | 44,285 | (1,425 | ) | 5,808 | (663 | ) | 50,093 | (2,088 | ) | ||||||||||||||||
Taxable | 20,873 | (766 | ) | 2,378 | (123 | ) | 23,251 | (889 | ) | ||||||||||||||||
Mortgage-backed securities | 34,377 | (460 | ) | 0 | 0 | 34,377 | (460 | ) | |||||||||||||||||
Collateralized mortgage obligations, | |||||||||||||||||||||||||
Issued by U.S. Government agencies | 113,204 | (4,608 | ) | 7,399 | (433 | ) | 120,603 | (5,041 | ) | ||||||||||||||||
Total temporarily impaired available-for-sale securities | $ | 235,228 | $ | (8,596 | ) | $ | 20,183 | $ | (1,669 | ) | $ | 255,411 | $ | (10,265 | ) | ||||||||||
Realized Gain (Loss) on Investments [Table Text Block] | ' | ||||||||||||||||||||||||
(In Thousands) | 3 Months Ended | 9 Months Ended | |||||||||||||||||||||||
Sept. 30, | Sept. 30, | Sept. 30, | Sept. 30, | ||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
Gross realized gains from sales | $ | 761 | $ | 193 | $ | 1,103 | $ | 1,595 | |||||||||||||||||
Gross realized losses from sales | (1 | ) | 0 | (209 | ) | (118 | ) | ||||||||||||||||||
Losses from OTTI impairment | 0 | 0 | 0 | (25 | ) | ||||||||||||||||||||
Net realized gains | $ | 760 | $ | 193 | $ | 894 | $ | 1,452 | |||||||||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] | ' | ||||||||||||||||||||||||
Amortized | Fair | ||||||||||||||||||||||||
(In Thousands) | Cost | Value | |||||||||||||||||||||||
Due in one year or less | $ | 11,087 | $ | 11,224 | |||||||||||||||||||||
Due from one year through five years | 52,156 | 52,450 | |||||||||||||||||||||||
Due from five years through ten years | 64,890 | 65,061 | |||||||||||||||||||||||
Due after ten years | 57,236 | 60,836 | |||||||||||||||||||||||
Subtotal | 185,369 | 189,571 | |||||||||||||||||||||||
Mortgage-backed securities | 74,278 | 75,513 | |||||||||||||||||||||||
Collateralized mortgage obligations, | |||||||||||||||||||||||||
Issued by U.S. Government agencies | 236,940 | 234,816 | |||||||||||||||||||||||
Total | $ | 496,587 | $ | 499,900 |
Note_7_Loans_Tables
Note 7 - Loans (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||||||||||
Note 7 - Loans (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Summary of Loans by Type | |||||||||||||||||||||||||||||||||
(In Thousands) | Sept. 30, | Dec. 31, | |||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | $ | 290,943 | $ | 299,831 | |||||||||||||||||||||||||||||
Residential mortgage loans - junior liens | 21,843 | 23,040 | |||||||||||||||||||||||||||||||
Home equity lines of credit | 35,975 | 34,530 | |||||||||||||||||||||||||||||||
1-4 Family residential construction | 16,895 | 13,909 | |||||||||||||||||||||||||||||||
Total residential mortgage | 365,656 | 371,310 | |||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 144,410 | 147,215 | |||||||||||||||||||||||||||||||
Commercial and industrial | 50,615 | 42,387 | |||||||||||||||||||||||||||||||
Political subdivisions | 14,823 | 16,291 | |||||||||||||||||||||||||||||||
Commercial construction and land | 9,069 | 17,003 | |||||||||||||||||||||||||||||||
Loans secured by farmland | 8,542 | 10,468 | |||||||||||||||||||||||||||||||
Multi-family (5 or more) residential | 9,092 | 10,985 | |||||||||||||||||||||||||||||||
Agricultural loans | 3,284 | 3,251 | |||||||||||||||||||||||||||||||
Other commercial loans | 13,620 | 14,631 | |||||||||||||||||||||||||||||||
Total commercial | 253,455 | 262,231 | |||||||||||||||||||||||||||||||
Consumer | 10,298 | 10,762 | |||||||||||||||||||||||||||||||
Total | 629,409 | 644,303 | |||||||||||||||||||||||||||||||
Less: allowance for loan losses | (7,449 | ) | (8,663 | ) | |||||||||||||||||||||||||||||
Loans, net | $ | 621,960 | $ | 635,640 | |||||||||||||||||||||||||||||
Allowance for Credit Losses on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2014 | June 30, | Provision | Sept. 30, | ||||||||||||||||||||||||||||||
(In Thousands) | 2014 Balance | Charge-offs | Recoveries | (Credit) | 2014 Balance | ||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | 2,966 | $ | (37 | ) | $ | 12 | $ | 18 | $ | 2,959 | |||||||||||||||||||||||
Residential mortgage loans - junior liens | 280 | 0 | 0 | (5 | ) | 275 | |||||||||||||||||||||||||||
Home equity lines of credit | 277 | 0 | 0 | 11 | 288 | ||||||||||||||||||||||||||||
1-4 Family residential construction | 173 | 0 | 0 | 38 | 211 | ||||||||||||||||||||||||||||
Total residential mortgage | 3,696 | (37 | ) | 12 | 62 | 3,733 | |||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 1,896 | 0 | 0 | (60 | ) | 1,836 | |||||||||||||||||||||||||||
Commercial and industrial | 626 | 0 | 1 | 40 | 667 | ||||||||||||||||||||||||||||
Political subdivisions | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||
Commercial construction and land | 163 | 0 | 0 | 145 | 308 | ||||||||||||||||||||||||||||
Loans secured by farmland | 96 | 0 | 0 | 58 | 154 | ||||||||||||||||||||||||||||
Multi-family (5 or more) residential | 103 | 0 | 0 | (17 | ) | 86 | |||||||||||||||||||||||||||
Agricultural loans | 30 | 0 | 0 | 1 | 31 | ||||||||||||||||||||||||||||
Other commercial loans | 135 | 0 | 0 | (6 | ) | 129 | |||||||||||||||||||||||||||
Total commercial | 3,049 | 0 | 1 | 161 | 3,211 | ||||||||||||||||||||||||||||
Consumer | 127 | (24 | ) | 12 | (5 | ) | 110 | ||||||||||||||||||||||||||
Unallocated | 395 | 0 | 0 | 0 | 395 | ||||||||||||||||||||||||||||
Total Allowance for Loan Losses | $ | 7,267 | $ | (61 | ) | $ | 25 | $ | 218 | $ | 7,449 | ||||||||||||||||||||||
Three Months Ended September 30, 2013 | June 30, | Provision | Sept. 30, | ||||||||||||||||||||||||||||||
(In Thousands) | 2013 Balance | Charge-offs | Recoveries | (Credit) | 2013 Balance | ||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | $ | 2,871 | $ | 0 | $ | 0 | $ | 54 | $ | 2,925 | |||||||||||||||||||||||
Residential mortgage loans - junior liens | 229 | 0 | 0 | (15 | ) | 214 | |||||||||||||||||||||||||||
Home equity lines of credit | 258 | 0 | 0 | 10 | 268 | ||||||||||||||||||||||||||||
1-4 Family residential construction | 179 | 0 | 0 | 10 | 189 | ||||||||||||||||||||||||||||
Total residential mortgage | 3,537 | 0 | 0 | 59 | 3,596 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 1,944 | (169 | ) | 50 | (163 | ) | 1,662 | ||||||||||||||||||||||||||
Commercial and industrial | 628 | (176 | ) | 1 | 143 | 596 | |||||||||||||||||||||||||||
Political subdivisions | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||
Commercial construction and land | 258 | 0 | 0 | 136 | 394 | ||||||||||||||||||||||||||||
Loans secured by farmland | 121 | 0 | 0 | (4 | ) | 117 | |||||||||||||||||||||||||||
Multi-family (5 or more) residential | 64 | 0 | 0 | (9 | ) | 55 | |||||||||||||||||||||||||||
Agricultural loans | 28 | 0 | 0 | 0 | 28 | ||||||||||||||||||||||||||||
Other commercial loans | 5 | 0 | 0 | 86 | 91 | ||||||||||||||||||||||||||||
Total commercial | 3,048 | (345 | ) | 51 | 189 | 2,943 | |||||||||||||||||||||||||||
Consumer | 215 | (29 | ) | 16 | (9 | ) | 193 | ||||||||||||||||||||||||||
Unallocated | 398 | 0 | 0 | 0 | 398 | ||||||||||||||||||||||||||||
Total Allowance for Loan Losses | $ | 7,198 | $ | (374 | ) | $ | 67 | $ | 239 | $ | 7,130 | ||||||||||||||||||||||
Nine Months Ended September 30, 2014 | December 31, | Provision | Sept. 30, | ||||||||||||||||||||||||||||||
(In Thousands) | 2013 Balance | Charge-offs | Recoveries | (Credit) | 2014 Balance | ||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | $ | 2,974 | $ | (96 | ) | $ | 13 | $ | 68 | $ | 2,959 | ||||||||||||||||||||||
Residential mortgage loans - junior liens | 294 | 0 | 0 | (19 | ) | 275 | |||||||||||||||||||||||||||
Home equity lines of credit | 269 | 0 | 0 | 19 | 288 | ||||||||||||||||||||||||||||
1-4 Family residential construction | 168 | 0 | 0 | 43 | 211 | ||||||||||||||||||||||||||||
Total residential mortgage | 3,705 | (96 | ) | 13 | 111 | 3,733 | |||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 3,123 | (1,521 | ) | 250 | (16 | ) | 1,836 | ||||||||||||||||||||||||||
Commercial and industrial | 591 | (24 | ) | 9 | 91 | 667 | |||||||||||||||||||||||||||
Political subdivisions | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||
Commercial construction and land | 267 | (170 | ) | 5 | 206 | 308 | |||||||||||||||||||||||||||
Loans secured by farmland | 115 | 0 | 0 | 39 | 154 | ||||||||||||||||||||||||||||
Multi-family (5 or more) residential | 103 | 0 | 0 | (17 | ) | 86 | |||||||||||||||||||||||||||
Agricultural loans | 30 | 0 | 0 | 1 | 31 | ||||||||||||||||||||||||||||
Other commercial loans | 138 | 0 | 0 | (9 | ) | 129 | |||||||||||||||||||||||||||
Total commercial | 4,367 | (1,715 | ) | 264 | 295 | 3,211 | |||||||||||||||||||||||||||
Consumer | 193 | (70 | ) | 37 | (50 | ) | 110 | ||||||||||||||||||||||||||
Unallocated | 398 | 0 | 0 | (3 | ) | 395 | |||||||||||||||||||||||||||
Total Allowance for Loan Losses | $ | 8,663 | $ | (1,881 | ) | $ | 314 | $ | 353 | $ | 7,449 | ||||||||||||||||||||||
Nine Months Ended September 30, 2013 | December 31, | Provision | Sept. 30, | ||||||||||||||||||||||||||||||
(In Thousands) | 2012 Balance | Charge-offs | Recoveries | (Credit) | 2013 Balance | ||||||||||||||||||||||||||||
Allowance for Loan Losses: | |||||||||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | $ | 2,619 | $ | (65 | ) | $ | 11 | $ | 360 | $ | 2,925 | ||||||||||||||||||||||
Residential mortgage loans - junior liens | 247 | 0 | 0 | (33 | ) | 214 | |||||||||||||||||||||||||||
Home equity lines of credit | 255 | 0 | 0 | 13 | 268 | ||||||||||||||||||||||||||||
1-4 Family residential construction | 96 | (11 | ) | 0 | 104 | 189 | |||||||||||||||||||||||||||
Total residential mortgage | 3,217 | (76 | ) | 11 | 444 | 3,596 | |||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 1,930 | (169 | ) | 343 | (442 | ) | 1,662 | ||||||||||||||||||||||||||
Commercial and industrial | 581 | (286 | ) | 3 | 298 | 596 | |||||||||||||||||||||||||||
Political subdivisions | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||
Commercial construction and land | 234 | (4 | ) | 0 | 164 | 394 | |||||||||||||||||||||||||||
Loans secured by farmland | 129 | 0 | 0 | (12 | ) | 117 | |||||||||||||||||||||||||||
Multi-family (5 or more) residential | 67 | 0 | 0 | (12 | ) | 55 | |||||||||||||||||||||||||||
Agricultural loans | 27 | 0 | 0 | 1 | 28 | ||||||||||||||||||||||||||||
Other commercial loans | 3 | 0 | 0 | 88 | 91 | ||||||||||||||||||||||||||||
Total commercial | 2,971 | (459 | ) | 346 | 85 | 2,943 | |||||||||||||||||||||||||||
Consumer | 228 | (84 | ) | 47 | 2 | 193 | |||||||||||||||||||||||||||
Unallocated | 441 | 0 | 0 | (43 | ) | 398 | |||||||||||||||||||||||||||
Total Allowance for Loan Losses | $ | 6,857 | $ | (619 | ) | $ | 404 | $ | 488 | $ | 7,130 | ||||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
30-Sep-14 | Special | ||||||||||||||||||||||||||||||||
(In Thousands) | Pass | Mention | Substandard | Doubtful | Total | ||||||||||||||||||||||||||||
Residential Mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | $ | 278,183 | $ | 1,707 | $ | 10,974 | $ | 79 | $ | 290,943 | |||||||||||||||||||||||
Residential mortgage loans - junior liens | 20,765 | 328 | 750 | 0 | 21,843 | ||||||||||||||||||||||||||||
Home equity lines of credit | 35,272 | 244 | 459 | 0 | 35,975 | ||||||||||||||||||||||||||||
1-4 Family residential construction | 16,874 | 21 | 0 | 0 | 16,895 | ||||||||||||||||||||||||||||
Total residential mortgage | 351,094 | 2,300 | 12,183 | 79 | 365,656 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 131,571 | 3,363 | 9,476 | 0 | 144,410 | ||||||||||||||||||||||||||||
Commercial and Industrial | 42,551 | 4,665 | 3,164 | 235 | 50,615 | ||||||||||||||||||||||||||||
Political subdivisions | 14,823 | 0 | 0 | 0 | 14,823 | ||||||||||||||||||||||||||||
Commercial construction and land | 6,592 | 284 | 2,107 | 86 | 9,069 | ||||||||||||||||||||||||||||
Loans secured by farmland | 6,108 | 535 | 1,872 | 27 | 8,542 | ||||||||||||||||||||||||||||
Multi-family (5 or more) residential | 8,795 | 296 | 1 | 0 | 9,092 | ||||||||||||||||||||||||||||
Agricultural loans | 3,244 | 0 | 40 | 0 | 3,284 | ||||||||||||||||||||||||||||
Other commercial loans | 13,531 | 89 | 0 | 0 | 13,620 | ||||||||||||||||||||||||||||
Total Commercial | 227,215 | 9,232 | 16,660 | 348 | 253,455 | ||||||||||||||||||||||||||||
Consumer | 10,173 | 1 | 124 | 0 | 10,298 | ||||||||||||||||||||||||||||
Totals | $ | 588,482 | $ | 11,533 | $ | 28,967 | $ | 427 | $ | 629,409 | |||||||||||||||||||||||
31-Dec-13 | Pass | Special | Substandard | Doubtful | Total | ||||||||||||||||||||||||||||
(In Thousands) | Mention | ||||||||||||||||||||||||||||||||
Residential Mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | $ | 286,144 | $ | 1,876 | $ | 11,629 | $ | 182 | $ | 299,831 | |||||||||||||||||||||||
Residential mortgage loans - junior liens | 21,694 | 351 | 995 | 0 | 23,040 | ||||||||||||||||||||||||||||
Home equity lines of credit | 33,821 | 295 | 414 | 0 | 34,530 | ||||||||||||||||||||||||||||
1-4 Family residential construction | 13,837 | 0 | 72 | 0 | 13,909 | ||||||||||||||||||||||||||||
Total residential mortgage | 355,496 | 2,522 | 13,110 | 182 | 371,310 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 129,834 | 5,866 | 11,368 | 147 | 147,215 | ||||||||||||||||||||||||||||
Commercial and Industrial | 32,317 | 6,697 | 3,138 | 235 | 42,387 | ||||||||||||||||||||||||||||
Political subdivisions | 16,291 | 0 | 0 | 0 | 16,291 | ||||||||||||||||||||||||||||
Commercial construction and land | 13,792 | 427 | 2,036 | 748 | 17,003 | ||||||||||||||||||||||||||||
Loans secured by farmland | 8,279 | 758 | 1,402 | 29 | 10,468 | ||||||||||||||||||||||||||||
Multi-family (5 or more) residential | 10,665 | 316 | 4 | 0 | 10,985 | ||||||||||||||||||||||||||||
Agricultural loans | 3,169 | 34 | 48 | 0 | 3,251 | ||||||||||||||||||||||||||||
Other commercial loans | 14,532 | 99 | 0 | 0 | 14,631 | ||||||||||||||||||||||||||||
Total commercial | 228,879 | 14,197 | 17,996 | 1,159 | 262,231 | ||||||||||||||||||||||||||||
Consumer | 10,587 | 6 | 169 | 0 | 10,762 | ||||||||||||||||||||||||||||
Totals | $ | 594,962 | $ | 16,725 | $ | 31,275 | $ | 1,341 | $ | 644,303 | |||||||||||||||||||||||
Impaired Financing Receivable by Portfolio Segment [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
30-Sep-14 | Loans: | Allowance for Loan Losses: | |||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Individually | Collectively | Individually | Collectively | ||||||||||||||||||||||||||||||
Evaluated | Evaluated | Totals | Evaluated | Evaluated | Totals | ||||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | $ | 2,498 | $ | 288,445 | $ | 290,943 | $ | 449 | $ | 2,510 | $ | 2,959 | |||||||||||||||||||||
Residential mortgage loans - junior liens | 181 | 21,662 | 21,843 | 100 | 175 | 275 | |||||||||||||||||||||||||||
Home equity lines of credit | 0 | 35,975 | 35,975 | 0 | 288 | 288 | |||||||||||||||||||||||||||
1-4 Family residential construction | 0 | 16,895 | 16,895 | 0 | 211 | 211 | |||||||||||||||||||||||||||
Total residential mortgage | 2,679 | 362,977 | 365,656 | 549 | 3,184 | 3,733 | |||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 6,692 | 137,718 | 144,410 | 18 | 1,818 | 1,836 | |||||||||||||||||||||||||||
Commercial and industrial | 765 | 49,850 | 50,615 | 98 | 569 | 667 | |||||||||||||||||||||||||||
Political subdivisions | 0 | 14,823 | 14,823 | 0 | 0 | 0 | |||||||||||||||||||||||||||
Commercial construction and land | 2,109 | 6,960 | 9,069 | 211 | 97 | 308 | |||||||||||||||||||||||||||
Loans secured by farmland | 1,809 | 6,733 | 8,542 | 90 | 64 | 154 | |||||||||||||||||||||||||||
Multi-family (5 or more) residential | 0 | 9,092 | 9,092 | 0 | 86 | 86 | |||||||||||||||||||||||||||
Agricultural loans | 40 | 3,244 | 3,284 | 0 | 31 | 31 | |||||||||||||||||||||||||||
Other commercial loans | 0 | 13,620 | 13,620 | 0 | 129 | 129 | |||||||||||||||||||||||||||
Total commercial | 11,415 | 242,040 | 253,455 | 417 | 2,794 | 3,211 | |||||||||||||||||||||||||||
Consumer | 0 | 10,298 | 10,298 | 0 | 110 | 110 | |||||||||||||||||||||||||||
Unallocated | 395 | ||||||||||||||||||||||||||||||||
Total | $ | 14,094 | $ | 615,315 | $ | 629,409 | $ | 966 | $ | 6,088 | $ | 7,449 | |||||||||||||||||||||
31-Dec-13 | Loans: | Allowance for Loan Losses: | |||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Individually | Collectively | Individually | Collectively | ||||||||||||||||||||||||||||||
Evaluated | Evaluated | Totals | Evaluated | Evaluated | Totals | ||||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | $ | 2,727 | $ | 297,104 | $ | 299,831 | $ | 449 | $ | 2,525 | $ | 2,974 | |||||||||||||||||||||
Residential mortgage loans - junior liens | 183 | 22,857 | 23,040 | 100 | 194 | 294 | |||||||||||||||||||||||||||
Home equity lines of credit | 0 | 34,530 | 34,530 | 0 | 269 | 269 | |||||||||||||||||||||||||||
1-4 Family residential construction | 0 | 13,909 | 13,909 | 0 | 168 | 168 | |||||||||||||||||||||||||||
Total residential mortgage | 2,910 | 368,400 | 371,310 | 549 | 3,156 | 3,705 | |||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 7,988 | 139,227 | 147,215 | 1,577 | 1,546 | 3,123 | |||||||||||||||||||||||||||
Commercial and industrial | 1,276 | 41,111 | 42,387 | 106 | 485 | 591 | |||||||||||||||||||||||||||
Political subdivisions | 0 | 16,291 | 16,291 | 0 | 0 | 0 | |||||||||||||||||||||||||||
Commercial construction | 2,776 | 14,227 | 17,003 | 72 | 195 | 267 | |||||||||||||||||||||||||||
Loans secured by farmland | 1,318 | 9,150 | 10,468 | 29 | 86 | 115 | |||||||||||||||||||||||||||
Multi-family (5 or more) residential | 0 | 10,985 | 10,985 | 0 | 103 | 103 | |||||||||||||||||||||||||||
Agricultural loans | 48 | 3,203 | 3,251 | 0 | 30 | 30 | |||||||||||||||||||||||||||
Other commercial loans | 0 | 14,631 | 14,631 | 0 | 138 | 138 | |||||||||||||||||||||||||||
Total commercial | 13,406 | 248,825 | 262,231 | 1,784 | 2,583 | 4,367 | |||||||||||||||||||||||||||
Consumer | 5 | 10,757 | 10,762 | 0 | 193 | 193 | |||||||||||||||||||||||||||
Unallocated | 398 | ||||||||||||||||||||||||||||||||
Total | $ | 16,321 | $ | 627,982 | $ | 644,303 | $ | 2,333 | $ | 5,932 | $ | 8,663 | |||||||||||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
(In Thousands) | 3 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||||||
Sept. 30, | Sept. 30, | ||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||||||
Average investment in impaired loans | $ | 14,611 | $ | 8,773 | $ | 14,870 | $ | 8,032 | |||||||||||||||||||||||||
Interest income recognized on impaired loans | 130 | 163 | 503 | 291 | |||||||||||||||||||||||||||||
Interest income recognized on a cash basis on impaired loans | 130 | 163 | 503 | 291 | |||||||||||||||||||||||||||||
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
(In Thousands) | 30-Sep-14 | 31-Dec-13 | |||||||||||||||||||||||||||||||
Past Due | Past Due | ||||||||||||||||||||||||||||||||
90+ Days and | 90+ Days and | ||||||||||||||||||||||||||||||||
Accruing | Nonaccrual | Accruing | Nonaccrual | ||||||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | $ | 1,589 | $ | 3,677 | $ | 2,016 | $ | 3,533 | |||||||||||||||||||||||||
Residential mortgage loans - junior liens | 130 | 151 | 187 | 110 | |||||||||||||||||||||||||||||
Home equity lines of credit | 35 | 86 | 87 | 62 | |||||||||||||||||||||||||||||
1-4 Family residential construction | 0 | 0 | 0 | 72 | |||||||||||||||||||||||||||||
Total residential mortgage | 1,754 | 3,914 | 2,290 | 3,777 | |||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 703 | 5,931 | 744 | 7,096 | |||||||||||||||||||||||||||||
Commercial and industrial | 5 | 450 | 17 | 434 | |||||||||||||||||||||||||||||
Commercial construction and land | 110 | 2,001 | 5 | 2,663 | |||||||||||||||||||||||||||||
Loans secured by farmland | 29 | 1,361 | 0 | 902 | |||||||||||||||||||||||||||||
Agricultural loans | 0 | 40 | 0 | 35 | |||||||||||||||||||||||||||||
Total commercial | 847 | 9,783 | 766 | 11,130 | |||||||||||||||||||||||||||||
Consumer | 1 | 25 | 75 | 27 | |||||||||||||||||||||||||||||
Totals | $ | 2,602 | $ | 13,722 | $ | 3,131 | $ | 14,934 | |||||||||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
As of September 30, 2014 | As of December 31, 2013 | ||||||||||||||||||||||||||||||||
Current & | Current & | ||||||||||||||||||||||||||||||||
(In Thousands) | Past Due | Past Due | Past Due | Past Due | Past Due | Past Due | |||||||||||||||||||||||||||
Less than | 30-89 | 90+ | Less than | 30-89 | 90+ | ||||||||||||||||||||||||||||
30 Days | Days | Days | Total | 30 Days | Days | Days | Total | ||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | $ | 284,215 | $ | 3,457 | $ | 3,271 | $ | 290,943 | $ | 289,483 | $ | 6,776 | $ | 3,572 | $ | 299,831 | |||||||||||||||||
Residential mortgage loans - junior liens | 21,325 | 246 | 272 | 21,843 | 22,247 | 506 | 287 | 23,040 | |||||||||||||||||||||||||
Home equity lines of credit | 35,766 | 88 | 121 | 35,975 | 34,263 | 118 | 149 | 34,530 | |||||||||||||||||||||||||
1-4 Family residential construction | 16,895 | 0 | 0 | 16,895 | 13,837 | 0 | 72 | 13,909 | |||||||||||||||||||||||||
Total residential mortgage | 358,201 | 3,791 | 3,664 | 365,656 | 359,830 | 7,400 | 4,080 | 371,310 | |||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 141,669 | 1,480 | 1,261 | 144,410 | 145,055 | 405 | 1,755 | 147,215 | |||||||||||||||||||||||||
Commercial and industrial | 50,199 | 277 | 139 | 50,615 | 41,730 | 434 | 223 | 42,387 | |||||||||||||||||||||||||
Political subdivisions | 14,823 | 0 | 0 | 14,823 | 16,291 | 0 | 0 | 16,291 | |||||||||||||||||||||||||
Commercial construction and land | 6,916 | 42 | 2,111 | 9,069 | 14,303 | 32 | 2,668 | 17,003 | |||||||||||||||||||||||||
Loans secured by farmland | 6,922 | 230 | 1,390 | 8,542 | 9,267 | 329 | 872 | 10,468 | |||||||||||||||||||||||||
Multi-family (5 or more) residential | 8,796 | 296 | 0 | 9,092 | 10,985 | 0 | 0 | 10,985 | |||||||||||||||||||||||||
Agricultural loans | 3,238 | 6 | 40 | 3,284 | 3,203 | 13 | 35 | 3,251 | |||||||||||||||||||||||||
Other commercial loans | 13,620 | 0 | 0 | 13,620 | 14,631 | 0 | 0 | 14,631 | |||||||||||||||||||||||||
Total commercial | 246,183 | 2,331 | 4,941 | 253,455 | 255,465 | 1,213 | 5,553 | 262,231 | |||||||||||||||||||||||||
Consumer | 10,212 | 85 | 1 | 10,298 | 10,516 | 171 | 75 | 10,762 | |||||||||||||||||||||||||
Totals | $ | 614,596 | $ | 6,207 | $ | 8,606 | $ | 629,409 | $ | 625,811 | $ | 8,784 | $ | 9,708 | $ | 644,303 | |||||||||||||||||
Contractual Aging of Nonaccrual Loans [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Current & | |||||||||||||||||||||||||||||||||
(In Thousands) | Past Due | Past Due | Past Due | ||||||||||||||||||||||||||||||
Less than | 30-89 | 90+ | |||||||||||||||||||||||||||||||
30 Days | Days | Days | Total | ||||||||||||||||||||||||||||||
September 30, 2014 Nonaccrual Totals | $ | 6,969 | $ | 749 | $ | 6,004 | $ | 13,722 | |||||||||||||||||||||||||
December 31, 2013 Nonaccrual Totals | $ | 7,878 | $ | 479 | $ | 6,577 | $ | 14,934 | |||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Current & | |||||||||||||||||||||||||||||||||
(In Thousands) | Past Due | Past Due | Past Due | ||||||||||||||||||||||||||||||
Less than | 30-89 | 90+ | |||||||||||||||||||||||||||||||
30 Days | Days | Days | Nonaccrual | Total | |||||||||||||||||||||||||||||
September 30, 2014 Totals | $ | 1,325 | $ | 509 | $ | 171 | $ | 6,001 | $ | 8,006 | |||||||||||||||||||||||
December 31, 2013 Totals | $ | 3,254 | $ | 13 | $ | 0 | $ | 908 | $ | 4,175 | |||||||||||||||||||||||
Schedule of Troubled Debt Restructurings With Subsequent Default [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Number | |||||||||||||||||||||||||||||||||
of | Recorded | ||||||||||||||||||||||||||||||||
Contracts | Investment | ||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2014 | |||||||||||||||||||||||||||||||||
(Balances in Thousands) | |||||||||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | 2 | $ | 223 | ||||||||||||||||||||||||||||||
Residential mortgage loans - junior liens | 1 | 62 | |||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Loans secured by real estate | 1 | 429 | |||||||||||||||||||||||||||||||
Loans secured by farmland | 4 | 490 | |||||||||||||||||||||||||||||||
Agricultural | 1 | 13 | |||||||||||||||||||||||||||||||
Number | |||||||||||||||||||||||||||||||||
of | Recorded | ||||||||||||||||||||||||||||||||
Contracts | Investment | ||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
(Balances in Thousands) | |||||||||||||||||||||||||||||||||
Commercial, | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 1 | $ | 440 | ||||||||||||||||||||||||||||||
Troubled Debt Restructuring [Member] | ' | ||||||||||||||||||||||||||||||||
Note 7 - Loans (Tables) [Line Items] | ' | ||||||||||||||||||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2014 | Pre- | Post- | |||||||||||||||||||||||||||||||
(Balances in Thousands) | Modification | Modification | |||||||||||||||||||||||||||||||
Number | Outstanding | Outstanding | |||||||||||||||||||||||||||||||
of | Recorded | Recorded | |||||||||||||||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||||||||||||||
Residential mortgage, | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | 3 | $ | 150 | $ | 150 | ||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 5 | 6,679 | 5,193 | ||||||||||||||||||||||||||||||
Commercial and industrial | 1 | 80 | 80 | ||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | Pre- | Post- | |||||||||||||||||||||||||||||||
(Balances in Thousands) | Modification | Modification | |||||||||||||||||||||||||||||||
Number | Outstanding | Outstanding | |||||||||||||||||||||||||||||||
of | Recorded | Recorded | |||||||||||||||||||||||||||||||
Contracts | Investment | Investment | |||||||||||||||||||||||||||||||
Residential mortgage: | |||||||||||||||||||||||||||||||||
Residential mortgage loans - first liens | 6 | $ | 677 | $ | 677 | ||||||||||||||||||||||||||||
Residential mortgage loans - junior liens | 3 | 102 | 102 | ||||||||||||||||||||||||||||||
Commercial: | |||||||||||||||||||||||||||||||||
Commercial loans secured by real estate | 1 | 440 | 440 | ||||||||||||||||||||||||||||||
Loans secured by farmland | 4 | 512 | 512 | ||||||||||||||||||||||||||||||
Agricultural loans | 1 | 13 | 13 | ||||||||||||||||||||||||||||||
Consumer | 1 | 6 | 6 |
Note_8_Borrowed_Funds_Tables
Note 8 - Borrowed Funds (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Schedule of Short-term Debt [Table Text Block] | ' | ||||||||
(In Thousands) | Sept. 30, | Dec. 31, | |||||||
2014 | 2013 | ||||||||
FHLB-Pittsburgh borrowings | $ | 0 | $ | 20,000 | |||||
Customer repurchase agreements | 6,765 | 3,385 | |||||||
Total short-term borrowings | $ | 6,765 | $ | 23,385 | |||||
Schedule of Long-term Debt Instruments [Table Text Block] | ' | ||||||||
(In Thousands) | Sept. 30, | Dec. 31, | |||||||
2014 | 2013 | ||||||||
FHLB-Pittsburgh borrowings | $ | 12,131 | $ | 12,338 | |||||
Repurchase agreements | 61,000 | 61,000 | |||||||
Total long-term borrowings | $ | 73,131 | $ | 73,338 | |||||
Schedule of Maturities of Long-term Debt [Table Text Block] | ' | ||||||||
(In Thousands) | Sept. 30, | Dec. 31, | |||||||
2014 | 2013 | ||||||||
Loan maturing in 2016 with a rate of 6.86% | $ | 119 | $ | 153 | |||||
Loan maturing in 2017 with a rate of 6.83% | 18 | 22 | |||||||
Loan maturing in 2017 with a rate of 3.81% | 10,000 | 10,000 | |||||||
Loan maturing in 2020 with a rate of 4.79% | 1,027 | 1,146 | |||||||
Loan maturing in 2025 with a rate of 4.91% | 967 | 1,017 | |||||||
Total long-term FHLB-Pittsburgh borrowings | $ | 12,131 | $ | 12,338 | |||||
(In Thousands) | Sept. 30, | Dec. 31, | |||||||
2014 | 2013 | ||||||||
Agreement maturing in 2017 with a rate of 3.595% | $ | 27,000 | $ | 27,000 | |||||
Agreement maturing in 2017 with a rate of 4.265% | 34,000 | 34,000 | |||||||
Total long-term repurchase agreements | $ | 61,000 | $ | 61,000 |
Note_9_Defined_Benefit_Plans_T
Note 9 - Defined Benefit Plans (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Schedule of Defined Benefit Plans Disclosures [Table Text Block] | ' | ||||||||||||||||
(In Thousands) | Pension | Postretirement | |||||||||||||||
Nine Months Ended | Nine Months Ended | ||||||||||||||||
Sept. 30, | Sept. 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Service cost | $ | 0 | $ | 0 | $ | 26 | $ | 31 | |||||||||
Interest cost | 55 | 53 | 43 | 41 | |||||||||||||
Expected return on plan assets | (66 | ) | (68 | ) | 0 | 0 | |||||||||||
Amortization of prior service cost | 0 | 0 | (23 | ) | (23 | ) | |||||||||||
Recognized net actuarial loss | 11 | 23 | 0 | 0 | |||||||||||||
Net periodic benefit cost | $ | 0 | $ | 8 | $ | 46 | $ | 49 | |||||||||
Pension | Postretirement | ||||||||||||||||
Three Months Ended | Three Months Ended | ||||||||||||||||
Sept. 30, | Sept. 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Service cost | $ | 0 | $ | 0 | $ | 9 | $ | 10 | |||||||||
Interest cost | 18 | 17 | 14 | 13 | |||||||||||||
Expected return on plan assets | (22 | ) | (23 | ) | 0 | 0 | |||||||||||
Amortization of prior service cost | 0 | 0 | (7 | ) | (7 | ) | |||||||||||
Recognized net actuarial loss | 3 | 7 | 0 | 0 | |||||||||||||
Net periodic benefit cost | $ | (1 | ) | $ | 1 | $ | 16 | $ | 16 |
Note_10_Stockbased_Compensatio1
Note 10 - Stock-based Compensation Plans (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] | ' | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
Fair value of each option granted | $ | 5.5 | $ | 5.56 | |||||||||||||
Volatility | 39 | % | 41 | % | |||||||||||||
Expected option lives (years) | 8 | 8 | |||||||||||||||
Risk-free interest rate | 2.85 | % | 1.6 | % | |||||||||||||
Dividend yield | 4.33 | % | 3.69 | % | |||||||||||||
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] | ' | ||||||||||||||||
(In Thousands) | 3 Months Ended | 9 Months Ended | |||||||||||||||
Sept. 30, | Sept. 30, | Sept. 30, | Sept. 30, | ||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Stock options | $ | 0 | $ | 0 | $ | 154 | $ | 262 | |||||||||
Restricted stock | 79 | 113 | 309 | 343 | |||||||||||||
Total | $ | 79 | $ | 113 | $ | 463 | $ | 605 |
Note_11_Income_Taxes_Tables
Note 11 - Income Taxes (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | ||||||||||||||||
Sept. 30, | December 31, | ||||||||||||||||
(In Thousands) | 2014 | 2013 | |||||||||||||||
Deferred tax assets: | |||||||||||||||||
Unrealized holding losses on securities | $ | 0 | $ | 541 | |||||||||||||
Net realized losses on securities | 144 | 91 | |||||||||||||||
Allowance for loan losses | 2,607 | 3,032 | |||||||||||||||
Credit for alternative minimum tax paid | 1,073 | 1,905 | |||||||||||||||
Other deferred tax assets | 2,443 | 2,332 | |||||||||||||||
Total deferred tax assets | 6,267 | 7,901 | |||||||||||||||
Deferred tax liabilities: | |||||||||||||||||
Unrealized holding gains on securities | 2,121 | 0 | |||||||||||||||
Defined benefit plans - ASC 835 | 52 | 6 | |||||||||||||||
Bank premises and equipment | 1,193 | 1,314 | |||||||||||||||
Core deposit intangibles | 21 | 30 | |||||||||||||||
Other deferred tax liabilities | 207 | 207 | |||||||||||||||
Total deferred tax liabilities | 3,594 | 1,557 | |||||||||||||||
Deferred tax asset, net | $ | 2,673 | $ | 6,344 | |||||||||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | ||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
(In thousands) | September 30, | September 30, | |||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Income before income tax provision | $ | 5,678 | $ | 6,268 | $ | 16,928 | $ | 19,203 | |||||||||
Income tax provision | 1,411 | 1,579 | 4,210 | 4,834 | |||||||||||||
Effective tax rate | 24.85 | % | 25.19 | % | 24.88 | % | 25.17 | % |
Note_2_Per_Share_Data_Details
Note 2 - Per Share Data (Details) (Equity Option [Member]) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Equity Option [Member] | ' | ' | ' | ' |
Note 2 - Per Share Data (Details) [Line Items] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 137,873 | 57,658 | 169,728 | 98,809 |
Note_2_Per_Share_Data_Details_
Note 2 - Per Share Data (Details) - Net Income Per Share (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Net Income Per Share [Abstract] | ' | ' | ' | ' |
Net income b basic (in Dollars) | $4,267,000 | $4,689,000 | $12,718,000 | $14,369,000 |
Weighted average common shares - basic | 12,399,482 | 12,363,887 | 12,419,538 | 12,342,706 |
Earnings per share b basic (in Dollars per share) | $0.34 | $0.38 | $1.02 | $1.16 |
Dilutive effect of potential common stock arising from stock options: | ' | ' | ' | ' |
Exercise of outstanding stock options | 222,344 | 302,956 | 233,579 | 251,970 |
Hypothetical share repurchase | -201,826 | -269,941 | -212,200 | -222,749 |
Net income b diluted (in Dollars) | $4,267,000 | $4,689,000 | $12,718,000 | $14,369,000 |
Weighted average common shares - diluted | 12,420,000 | 12,396,902 | 12,440,917 | 12,371,927 |
Earnings per share b diluted (in Dollars per share) | $0.34 | $0.38 | $1.02 | $1.16 |
Note_2_Per_Share_Data_Details_1
Note 2 - Per Share Data (Details) - Net Income Per Share (Parentheticals) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Net Income Per Share [Abstract] | ' | ' | ' | ' |
Hypothetical share repurchase | $19.33 | $20.10 | $19.28 | $19.73 |
Note_3_Comprehensive_Income_De
Note 3 - Comprehensive Income (Details) - Components of Other Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Unrealized gains on available-for-sale securities: | ' | ' | ' | ' |
Unrealized holding gains on available-for-sale securities, before tax amount | ($1,357) | ($286) | $8,500 | ($12,465) |
Unrealized holding gains on available-for-sale securities, income tax effect | 475 | 101 | -2,975 | 4,362 |
Unrealized holding gains on available-for-sale securities, net of tax amount | -882 | -185 | 5,525 | -8,103 |
Reclassification adjustment for (gains) realized in income, before tax amount | -760 | -193 | -894 | -1,452 |
Reclassification adjustment for (gains) realized in income, income tax effect | 266 | 66 | 313 | 507 |
Reclassification adjustment for (gains) realized in income, net of tax amount | -494 | -127 | -581 | -945 |
Other comprehensive gain on available-for-sale securities, before tax amount | -2,117 | -479 | 7,606 | -13,917 |
Other comprehensive gain on available-for-sale securities, income tax effect | 741 | 167 | -2,662 | 4,869 |
Other comprehensive gain on available-for-sale securities, net of tax amount | -1,376 | -312 | 4,944 | -9,048 |
Unfunded pension and postretirement obligations: | ' | ' | ' | ' |
Changes from plan amendments and actuarial gains and losses included in other comprehensive income, before tax amount | 0 | 0 | 144 | 636 |
Changes from plan amendments and actuarial gains and losses included in other comprehensive income, income tax effect | 0 | 0 | -50 | -223 |
Changes from plan amendments and actuarial gains and losses included in other comprehensive income, net of tax amount | 0 | 0 | 94 | 413 |
Amortization of net transition obligation, prior service cost and net actuarial loss included in net periodic benefit cost, before tax amount | -4 | 0 | -12 | 0 |
Amortization of net transition obligation, prior service cost and net actuarial loss included in net periodic benefit cost, income tax effect | 1 | 0 | 4 | 0 |
Amortization of net transition obligation, prior service cost and net actuarial loss included in net periodic benefit cost, net of tax amount | -3 | 0 | -8 | 0 |
Other comprehensive (loss) gain on unfunded retirement obligations | -4 | 0 | 132 | 636 |
Other comprehensive gain on unfunded retirement obligations, income tax effect | 1 | 0 | -46 | -223 |
Other comprehensive gain on unfunded retirement obligations, net of tax amount | -3 | 0 | 86 | 413 |
Total other comprehensive gain, before tax amount | -2,121 | -479 | 7,738 | -13,281 |
Total other comprehensive gain, income tax effect | 742 | 167 | -2,708 | 4,646 |
Net other comprehensive (loss) income | ($1,379) | ($312) | $5,030 | ($8,635) |
Note_3_Comprehensive_Income_De1
Note 3 - Comprehensive Income (Details) - Changes in the Components of Accumulated Other Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||||||||||||||||||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | |||||
Other Comprehensive Income Before Reclassifications [Member] | Other Comprehensive Income Before Reclassifications [Member] | Other Comprehensive Income Before Reclassifications [Member] | Other Comprehensive Income Before Reclassifications [Member] | Amounts Reclassified To From Accumulated Other Comprehensive Income [Member] | Amounts Reclassified To From Accumulated Other Comprehensive Income [Member] | Amounts Reclassified To From Accumulated Other Comprehensive Income [Member] | Amounts Reclassified To From Accumulated Other Comprehensive Income [Member] | Other Comprehensive Income (Loss) [Member] | Other Comprehensive Income (Loss) [Member] | Other Comprehensive Income (Loss) [Member] | Other Comprehensive Income (Loss) [Member] | Other Comprehensive Income Before Reclassifications [Member] | Other Comprehensive Income Before Reclassifications [Member] | Other Comprehensive Income Before Reclassifications [Member] | Other Comprehensive Income Before Reclassifications [Member] | Amounts Reclassified To From Accumulated Other Comprehensive Income [Member] | Amounts Reclassified To From Accumulated Other Comprehensive Income [Member] | Amounts Reclassified To From Accumulated Other Comprehensive Income [Member] | Amounts Reclassified To From Accumulated Other Comprehensive Income [Member] | Other Comprehensive Income (Loss) [Member] | Other Comprehensive Income (Loss) [Member] | Other Comprehensive Income (Loss) [Member] | Other Comprehensive Income (Loss) [Member] | Other Comprehensive Income Before Reclassifications [Member] | Other Comprehensive Income Before Reclassifications [Member] | Other Comprehensive Income Before Reclassifications [Member] | Other Comprehensive Income Before Reclassifications [Member] | Amounts Reclassified To From Accumulated Other Comprehensive Income [Member] | Amounts Reclassified To From Accumulated Other Comprehensive Income [Member] | Amounts Reclassified To From Accumulated Other Comprehensive Income [Member] | Amounts Reclassified To From Accumulated Other Comprehensive Income [Member] | Other Comprehensive Income (Loss) [Member] | Other Comprehensive Income (Loss) [Member] | Other Comprehensive Income (Loss) [Member] | Other Comprehensive Income (Loss) [Member] | |||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance, beginning of period | ' | ' | ($993) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3,940 | $5,316 | ($1,004) | $2,520 | $2,832 | $11,568 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $97 | $100 | $11 | ($152) | ($152) | ($565) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($993) | $11,003 | $5,416 | $2,680 |
Other comprehensive (loss) income before reclassifications | ' | ' | ' | ' | -882 | -185 | 5,525 | -8,103 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 94 | 413 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -882 | -185 | 5,619 | -7,690 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amounts reclassified from accumulated other comprehensive income | ' | ' | ' | ' | ' | ' | ' | ' | -494 | -127 | -581 | -945 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3 | 0 | -8 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -497 | -127 | -589 | -945 | ' | ' | ' | ' | ' | ' | ' | ' |
Other comprehensive (loss) Income | -1,379 | -312 | 5,030 | -8,635 | ' | ' | ' | ' | ' | ' | ' | ' | -1,376 | -312 | 4,944 | -9,048 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3 | 0 | 86 | 413 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,379 | -312 | 5,030 | -8,635 | 5,030 | -8,635 | ' | ' |
Balance, end of period | $4,037 | ' | $4,037 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3,940 | $5,316 | ($1,004) | $2,520 | $2,832 | $11,568 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $97 | $100 | $11 | ($152) | ($152) | ($565) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $4,037 | $2,368 | $5,416 | $2,680 |
Note_3_Comprehensive_Income_De2
Note 3 - Comprehensive Income (Details) - Amounts Reclassified Out of Each Component of OCI (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Realized gains on available-for-sale securities, net | $760,000 | $193,000 | $894,000 | $1,477,000 |
Net Income | -4,267,000 | -4,689,000 | -12,718,000 | -14,369,000 |
Amortization of defined benefit pension and postretirement items: | ' | ' | ' | ' |
Total before tax | 5,678,000 | 6,268,000 | 16,928,000 | 19,203,000 |
Income tax provision | 1,411,000 | 1,579,000 | 4,210,000 | 4,834,000 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member] | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Total other-than-temporary impairment losses on available-for-sale securities | ' | 0 | ' | 25,000 |
Realized gains on available-for-sale securities, net | -760,000 | -193,000 | -894,000 | -1,477,000 |
Net Income | -494,000 | -127,000 | -581,000 | -945,000 |
Amortization of defined benefit pension and postretirement items: | ' | ' | ' | ' |
Total before tax | ' | -193,000 | ' | -1,452,000 |
Income tax provision | 266,000 | 66,000 | 313,000 | 507,000 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Net Income | -3,000 | 0 | -8,000 | 0 |
Amortization of defined benefit pension and postretirement items: | ' | ' | ' | ' |
Prior service cost | -7,000 | -7,000 | -23,000 | -23,000 |
Actuarial loss | 3,000 | 7,000 | 11,000 | 23,000 |
Total before tax | -4,000 | 0 | -12,000 | 0 |
Income tax provision | 1,000 | 0 | 4,000 | 0 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Net Income | ($497,000) | ($127,000) | ($589,000) | ($945,000) |
Note_4_Cash_and_Due_from_Banks2
Note 4 - Cash and Due from Banks (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
Cash and Cash Equivalents [Abstract] | ' | ' |
Restricted Cash and Cash Equivalents, Current | $12,828,000 | $15,318,000 |
Note_4_Cash_and_Due_from_Banks3
Note 4 - Cash and Due from Banks (Details) - Cash and Due From Banks (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Cash and Due from Banks [Abstract] | ' | ' |
Cash and cash equivalents | $50,131 | $38,591 |
Certificates of deposit | 5,308 | 6,028 |
Total cash and due from banks | $55,439 | $44,619 |
Note_5_Fair_Value_Measurements2
Note 5 - Fair Value Measurements and Fair Values of Financial Instruments (Details) - Assets Measured at Fair Value (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | $508,253 | $482,658 |
Nonrecurring fair value measurements | ' | ' |
Foreclosed assets held for sale | 1,888 | 892 |
US Government Corporations and Agencies Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 0 | 0 |
US Government Corporations and Agencies Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 26,416 | 45,877 |
US Government Corporations and Agencies Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 0 | 0 |
US Government Corporations and Agencies Securities [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 26,416 | 45,877 |
Obligations of States and Political Subdivisions, Tax-exempt [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 0 | 0 |
Obligations of States and Political Subdivisions, Tax-exempt [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 128,292 | 128,426 |
Obligations of States and Political Subdivisions, Tax-exempt [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 0 | 0 |
Obligations of States and Political Subdivisions, Tax-exempt [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 128,292 | 128,426 |
Obligations of States and Political Subdivisions, Tax-exempt [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 128,292 | 128,426 |
Obligations of States and Political Subdivisions, Taxable [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 0 | 0 |
Obligations of States and Political Subdivisions, Taxable [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 34,203 | 34,471 |
Obligations of States and Political Subdivisions, Taxable [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 0 | 0 |
Obligations of States and Political Subdivisions, Taxable [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 34,203 | 34,471 |
Obligations of States and Political Subdivisions, Taxable [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 34,203 | 34,471 |
Mortgage-backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 0 | 0 |
Mortgage-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 75,513 | 86,208 |
Mortgage-backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 0 | 0 |
Mortgage-backed Securities [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 75,513 | 86,208 |
Collateralized Mortgage Obligations, Issued by U.S. Government Agencies [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 0 | 0 |
Collateralized Mortgage Obligations, Issued by U.S. Government Agencies [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 234,816 | 178,092 |
Collateralized Mortgage Obligations, Issued by U.S. Government Agencies [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 0 | 0 |
Collateralized Mortgage Obligations, Issued by U.S. Government Agencies [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 234,816 | 178,092 |
Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 0 | ' |
Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 660 | ' |
Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 0 | ' |
Collateralized Debt Obligations [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 660 | ' |
Collateralized Debt Obligations [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 660 | 660 |
Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 0 | 0 |
Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 499,900 | 473,734 |
Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 0 | 0 |
Debt Securities [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 499,900 | 473,734 |
Debt Securities [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 499,900 | 473,734 |
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 8,353 | 8,924 |
Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 0 | 0 |
Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 0 | 0 |
Equity Securities [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 8,353 | 8,924 |
Equity Securities [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 8,353 | 8,924 |
Other Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | ' | 0 |
Other Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | ' | 660 |
Other Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | ' | 0 |
Other Collateralized Debt Obligations [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | ' | 660 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 8,353 | 8,924 |
Servicing rights | 0 | 0 |
Total recurring fair value measurements | 8,353 | 8,924 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Nonrecurring fair value measurements | ' | ' |
Impaired loans with a valuation allowance | 0 | 0 |
Valuation allowance | 0 | 0 |
Impaired loans, net | 0 | 0 |
Foreclosed assets held for sale | 0 | 0 |
Total nonrecurring fair value measurements | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 499,900 | 473,734 |
Servicing rights | 0 | 0 |
Total recurring fair value measurements | 499,900 | 473,734 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Nonrecurring fair value measurements | ' | ' |
Impaired loans with a valuation allowance | 0 | 0 |
Valuation allowance | 0 | 0 |
Impaired loans, net | 0 | 0 |
Foreclosed assets held for sale | 0 | 0 |
Total nonrecurring fair value measurements | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 0 | 0 |
Servicing rights | 1,296 | 1,123 |
Total recurring fair value measurements | 1,296 | 1,123 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Nonrecurring fair value measurements | ' | ' |
Impaired loans with a valuation allowance | 4,059 | 9,889 |
Valuation allowance | -966 | -2,333 |
Impaired loans, net | 3,093 | 7,556 |
Foreclosed assets held for sale | 1,888 | 892 |
Total nonrecurring fair value measurements | 4,981 | 8,448 |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
AVAILABLE-FOR-SALE SECURITIES: | ' | ' |
Available-for-sale securities | 508,253 | 482,658 |
Servicing rights | 1,296 | 1,123 |
Total recurring fair value measurements | 509,549 | 483,781 |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Nonrecurring [Member] | ' | ' |
Nonrecurring fair value measurements | ' | ' |
Impaired loans with a valuation allowance | 4,059 | 9,889 |
Valuation allowance | -966 | -2,333 |
Impaired loans, net | 3,093 | 7,556 |
Foreclosed assets held for sale | 1,888 | 892 |
Total nonrecurring fair value measurements | $4,981 | $8,448 |
Note_5_Fair_Value_Measurements3
Note 5 - Fair Value Measurements and Fair Values of Financial Instruments (Details) - Valuation Techniques and the Unobservable Inputs Used in Determining Fair Value (Servicing Rights Asset [Member], USD $) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2014 | Dec. 31, 2013 | |
Servicing Rights Asset [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Servicing rights (in Dollars) | $1,296,000 | $1,123,000 |
Discount rate | 10.00% | 12.00% |
Loan prepayment speeds | 147.00% | 152.00% |
Servicing fees of loan balances | 0.25% | 0.25% |
Servicing fees of payments are late | 4.00% | 4.00% |
Servicing late fees assessed | 5.00% | 5.00% |
Miscellaneous servicing fees per account per month (in Dollars) | 1.94 | 1.94 |
Monthly servicing cost per account (in Dollars) | 6 | 6 |
Additional monthly servicing cost per loan on loans more than 30 days delinquent (in Dollars) | $24 | $24 |
Servicing costs of loans more than 30 days delinquent | 1.50% | 1.50% |
Annual increase in servicing costs | 3.00% | 3.00% |
Note_5_Fair_Value_Measurements4
Note 5 - Fair Value Measurements and Fair Values of Financial Instruments (Details) - Reconciliation of Activity for Level 3 Assets Measured at Fair Value on a Recurring Basis - Current Period (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Dec. 31, 2013 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Servicing Rights Asset [Member] | Servicing Rights Asset [Member] | |
Servicing Rights Asset [Member] | Servicing Rights Asset [Member] | Servicing Rights Asset [Member] | Servicing Rights Asset [Member] | |||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Balance, beginning of period | $1,281 | $850 | $1,123 | $605 | $850 | $2,218 | $1,296 | $1,123 |
Issuances of servicing rights | 32 | 120 | 138 | 360 | 120 | 360 | ' | ' |
Unrealized (losses) gains included in earnings | -17 | -79 | 35 | -84 | -79 | -84 | ' | ' |
Balance, end of period | $1,296 | $1,049 | $1,296 | $1,049 | $1,049 | $1,049 | $1,296 | $1,123 |
Note_5_Fair_Value_Measurements5
Note 5 - Fair Value Measurements and Fair Values of Financial Instruments (Details) - Reconciliation of Activity for Level 3 Assets Measured at Fair Value on a Recurring Basis - Previous Period (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Servicing Rights Asset [Member] | Servicing Rights Asset [Member] | |||||
Pooled Trust Preferred Securities Senior Tranches [Member] | Pooled Trust Preferred Securities Senior Tranches [Member] | Pooled Trust Preferred Securities Mezzanine Tranches [Member] | Pooled Trust Preferred Securities Mezzanine Tranches [Member] | Servicing Rights Asset [Member] | Servicing Rights Asset [Member] | Servicing Rights Asset [Member] | Servicing Rights Asset [Member] | |||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance, beginning of period | ' | ' | ' | ' | $0 | $1,613,000 | $0 | $0 | $1,281,000 | $850,000 | $1,123,000 | $605,000 | $850,000 | $2,218,000 | $1,296,000 | $1,123,000 |
Issuances of servicing rights | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 32,000 | 120,000 | 138,000 | 360,000 | 120,000 | 360,000 | ' | ' |
Accretion and amortization, net | ' | ' | -1,008,000 | -1,428,000 | 0 | -2,000 | 0 | 0 | ' | 0 | ' | 0 | 0 | -2,000 | ' | ' |
Proceeds from sales and calls | ' | ' | ' | ' | 0 | -1,636,000 | 0 | -571,000 | ' | 0 | ' | 0 | 0 | -2,207,000 | ' | ' |
Realized gains, net | 760,000 | 193,000 | 894,000 | 1,452,000 | 0 | 23,000 | 0 | 571,000 | ' | 0 | ' | 0 | 0 | 594,000 | ' | ' |
Unrealized gains included in Earnings | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 17,000 | 79,000 | -35,000 | 84,000 | 79,000 | 84,000 | ' | ' |
Unrealized gains included in other comprehensive income | ' | ' | ' | ' | 0 | 2,000 | 0 | 0 | ' | 0 | ' | 0 | 0 | 2,000 | ' | ' |
Balance, end of period | ' | ' | ' | ' | $0 | $0 | $0 | $0 | $1,296,000 | $1,049,000 | $1,296,000 | $1,049,000 | $1,049,000 | $1,049,000 | $1,296,000 | $1,123,000 |
Note_5_Fair_Value_Measurements6
Note 5 - Fair Value Measurements and Fair Values of Financial Instruments (Details) - Estimated Fair Values, and Related Carrying Amounts, of the Financial Instruments (USD $) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||||
Financial assets: | ' | ' | ' | ' |
Cash and cash equivalents | $50,131 | $38,591 | $37,707 | $55,016 |
Certificates of deposit | 5,308 | 6,028 | ' | ' |
Available-for-sale securities | 508,253 | 482,658 | ' | ' |
Loans, net | 621,960 | 635,640 | ' | ' |
Accrued interest receivable | 3,964 | 4,146 | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Short-term borrowings | 6,765 | 23,385 | ' | ' |
Long-term borrowings | 73,131 | 73,338 | ' | ' |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Cash and cash equivalents | 50,131 | 38,591 | ' | ' |
Loans held for sale | 418 | 54 | ' | ' |
Accrued interest receivable | 3,964 | 4,146 | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits with no stated maturity | 726,740 | 693,479 | ' | ' |
Accrued interest payable | 97 | 120 | ' | ' |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Cash and cash equivalents | 50,131 | 38,591 | ' | ' |
Loans held for sale | 418 | 54 | ' | ' |
Accrued interest receivable | 3,964 | 4,146 | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Deposits with no stated maturity | 726,740 | 693,479 | ' | ' |
Accrued interest payable | 97 | 120 | ' | ' |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Certificates of deposit | 5,308 | 6,028 | ' | ' |
Available-for-sale securities | 508,253 | 482,658 | ' | ' |
Restricted equity securities (included in Other Assets) | 3,054 | 3,786 | ' | ' |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Certificates of deposit | 5,332 | 6,057 | ' | ' |
Available-for-sale securities | 508,253 | 482,658 | ' | ' |
Restricted equity securities (included in Other Assets) | 3,054 | 3,786 | ' | ' |
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Loans, net | 621,960 | 635,640 | ' | ' |
Servicing rights | 1,296 | 1,123 | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Time deposits | 254,789 | 261,037 | ' | ' |
Short-term borrowings | 6,765 | 23,385 | ' | ' |
Long-term borrowings | 73,131 | 73,338 | ' | ' |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ' | ' | ' | ' |
Financial assets: | ' | ' | ' | ' |
Loans, net | 627,575 | 634,937 | ' | ' |
Servicing rights | 1,296 | 1,123 | ' | ' |
Financial liabilities: | ' | ' | ' | ' |
Time deposits | 255,718 | 262,376 | ' | ' |
Short-term borrowings | 6,687 | 23,356 | ' | ' |
Long-term borrowings | $79,160 | $79,400 | ' | ' |
Note_6_Securities_Details
Note 6 - Securities (Details) (USD $) | 3 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||||||||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | |
US States and Political Subdivisions Debt Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Equity Securities [Member] | Bank Stocks [Member] | Bank Stocks [Member] | Bank Stocks [Member] | Bank Stocks [Member] | Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank of Pittsburgh [Member] | ||||||
Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank of Pittsburgh [Member] | ||||||||||||||
Note 6 - Securities (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities Pledged as Collateral | $361,581,000 | ' | $361,581,000 | ' | $323,613,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Municipal Debt Securities, at Carrying Value | 16,424,000 | ' | 16,424,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax | ' | ' | ' | ' | ' | 166,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities | 0 | 0 | 0 | 25,000 | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' |
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax | ' | ' | ' | ' | ' | ' | ' | ' | 10,000 | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Gross Realized Gain (Loss) | 760,000 | 193,000 | 894,000 | 1,452,000 | ' | ' | ' | ' | ' | 289,000 | ' | 363,000 | ' | ' | ' |
Available-for-sale Securities, Gross Unrealized Gain (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 188,000 | ' | 766,000 | ' | ' |
Federal Home Loan Bank Stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2,924,000 | $3,656,000 |
Note_6_Securities_Details_Avai
Note 6 - Securities (Details) - Available-for-sale Securities (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale securities, amortized cost | $502,192 | $484,203 |
Available-for-sale securities, gross unrealized holding gains | 10,739 | 8,720 |
Available-for-sale securities, gross unrealized holding losses | -4,678 | -10,265 |
Available-for-sale securities, fair value | 508,253 | 482,658 |
US Government Agencies Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale securities, amortized cost | 27,237 | 47,382 |
Available-for-sale securities, gross unrealized holding gains | 43 | 282 |
Available-for-sale securities, gross unrealized holding losses | -864 | -1,787 |
Available-for-sale securities, fair value | 26,416 | 45,877 |
Obligations of States and Political Subdivisions, Tax-exempt [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale securities, amortized cost | 123,336 | 127,748 |
Available-for-sale securities, gross unrealized holding gains | 5,142 | 2,766 |
Available-for-sale securities, gross unrealized holding losses | -186 | -2,088 |
Available-for-sale securities, fair value | 128,292 | 128,426 |
Obligations of States and Political Subdivisions, Taxable [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale securities, amortized cost | 34,136 | 35,154 |
Available-for-sale securities, gross unrealized holding gains | 317 | 206 |
Available-for-sale securities, gross unrealized holding losses | -250 | -889 |
Available-for-sale securities, fair value | 34,203 | 34,471 |
Collateralized Mortgage Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale securities, amortized cost | 74,278 | 84,849 |
Available-for-sale securities, gross unrealized holding gains | 1,482 | 1,819 |
Available-for-sale securities, gross unrealized holding losses | -247 | -460 |
Available-for-sale securities, fair value | 75,513 | 86,208 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale securities, amortized cost | 236,940 | 182,372 |
Available-for-sale securities, gross unrealized holding gains | 997 | 761 |
Available-for-sale securities, gross unrealized holding losses | -3,121 | -5,041 |
Available-for-sale securities, fair value | 234,816 | 178,092 |
Collateralized Debt Obligations [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale securities, amortized cost | 660 | 660 |
Available-for-sale securities, gross unrealized holding gains | 0 | 0 |
Available-for-sale securities, gross unrealized holding losses | 0 | 0 |
Available-for-sale securities, fair value | 660 | 660 |
Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale securities, amortized cost | 496,587 | 478,165 |
Available-for-sale securities, gross unrealized holding gains | 7,981 | 5,834 |
Available-for-sale securities, gross unrealized holding losses | -4,668 | -10,265 |
Available-for-sale securities, fair value | 499,900 | 473,734 |
Equity Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale securities, amortized cost | 5,605 | 6,038 |
Available-for-sale securities, gross unrealized holding gains | 2,758 | 2,886 |
Available-for-sale securities, gross unrealized holding losses | -10 | 0 |
Available-for-sale securities, fair value | $8,353 | $8,924 |
Note_6_Securities_Details_Avai1
Note 6 - Securities (Details) - Available-for-sale Securities With Unrealized Loss Positions (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note 6 - Securities (Details) - Available-for-sale Securities With Unrealized Loss Positions [Line Items] | ' | ' |
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | $134,998 | $235,228 |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | -1,174 | -8,596 |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 110,889 | 20,183 |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | -3,504 | -1,669 |
Available-for-sale securities with unrealized loss positions, fair value | 245,887 | 255,411 |
Available-for-sale securities with unrealized loss positions, unrealized losses | -4,678 | -10,265 |
US Government Agencies Debt Securities [Member] | ' | ' |
Note 6 - Securities (Details) - Available-for-sale Securities With Unrealized Loss Positions [Line Items] | ' | ' |
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | 1,584 | 22,489 |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | -4 | -1,337 |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 23,759 | 4,598 |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | -860 | -450 |
Available-for-sale securities with unrealized loss positions, fair value | 25,343 | 27,087 |
Available-for-sale securities with unrealized loss positions, unrealized losses | -864 | -1,787 |
Obligations of States and Political Subdivisions, Tax-exempt [Member] | ' | ' |
Note 6 - Securities (Details) - Available-for-sale Securities With Unrealized Loss Positions [Line Items] | ' | ' |
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | 5,935 | 44,285 |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | -24 | -1,425 |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 8,472 | 5,808 |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | -162 | -663 |
Available-for-sale securities with unrealized loss positions, fair value | 14,407 | 50,093 |
Available-for-sale securities with unrealized loss positions, unrealized losses | -186 | -2,088 |
Obligations of States and Political Subdivisions, Taxable [Member] | ' | ' |
Note 6 - Securities (Details) - Available-for-sale Securities With Unrealized Loss Positions [Line Items] | ' | ' |
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | 6,550 | 20,873 |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | -35 | -766 |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 9,868 | 2,378 |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | -215 | -123 |
Available-for-sale securities with unrealized loss positions, fair value | 16,418 | 23,251 |
Available-for-sale securities with unrealized loss positions, unrealized losses | -250 | -889 |
Collateralized Mortgage Backed Securities [Member] | ' | ' |
Note 6 - Securities (Details) - Available-for-sale Securities With Unrealized Loss Positions [Line Items] | ' | ' |
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | 24,304 | 34,377 |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | -100 | -460 |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 4,241 | 0 |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | -147 | 0 |
Available-for-sale securities with unrealized loss positions, fair value | 28,545 | 34,377 |
Available-for-sale securities with unrealized loss positions, unrealized losses | -247 | -460 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' |
Note 6 - Securities (Details) - Available-for-sale Securities With Unrealized Loss Positions [Line Items] | ' | ' |
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | 96,491 | 113,204 |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | -1,001 | -4,608 |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 64,549 | 7,399 |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | -2,120 | -433 |
Available-for-sale securities with unrealized loss positions, fair value | 161,040 | 120,603 |
Available-for-sale securities with unrealized loss positions, unrealized losses | -3,121 | -5,041 |
Debt Securities [Member] | ' | ' |
Note 6 - Securities (Details) - Available-for-sale Securities With Unrealized Loss Positions [Line Items] | ' | ' |
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | 134,864 | ' |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | -1,164 | ' |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 110,889 | ' |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | -3,504 | ' |
Available-for-sale securities with unrealized loss positions, fair value | 245,753 | ' |
Available-for-sale securities with unrealized loss positions, unrealized losses | -4,668 | ' |
Equity Securities [Member] | ' | ' |
Note 6 - Securities (Details) - Available-for-sale Securities With Unrealized Loss Positions [Line Items] | ' | ' |
Available-for-sale securities with unrealized loss positions, less than 12 months, fair value | 134 | ' |
Available-for-sale securities with unrealized loss positions, less than 12 months, unrealized losses | -10 | ' |
Available-for-sale securities with unrealized loss positions, 12 months or more, fair value | 0 | ' |
Available-for-sale securities with unrealized loss positions, 12 months or more, unrealized losses | 0 | ' |
Available-for-sale securities with unrealized loss positions, fair value | 134 | ' |
Available-for-sale securities with unrealized loss positions, unrealized losses | ($10) | ' |
Note_6_Securities_Details_Gros
Note 6 - Securities (Details) - Gross Realized Gains and Losses from Available-for-sale Securities (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Gross Realized Gains and Losses from Available-for-sale Securities [Abstract] | ' | ' | ' | ' |
Gross realized gains from sales | $761 | $193 | $1,103 | $1,595 |
Gross realized losses from sales | -1 | 0 | -209 | -118 |
Losses from OTTI impairment | 0 | 0 | 0 | -25 |
Net realized gains | $760 | $193 | $894 | $1,452 |
Note_6_Securities_Details_Avai2
Note 6 - Securities (Details) - Available-for-sale Debt Securities by Contractual Maturity (USD $) | Sep. 30, 2014 |
In Thousands, unless otherwise specified | |
Note 6 - Securities (Details) - Available-for-sale Debt Securities by Contractual Maturity [Line Items] | ' |
Due in one year or less | $11,087 |
Due in one year or less | 11,224 |
Due from one year through five years | 52,156 |
Due from one year through five years | 52,450 |
Due from five years through ten years | 64,890 |
Due from five years through ten years | 65,061 |
Due after ten years | 57,236 |
Due after ten years | 60,836 |
Subtotal | 185,369 |
Subtotal | 189,571 |
Total | 496,587 |
Total | 499,900 |
Mortgage-backed Securities [Member] | ' |
Note 6 - Securities (Details) - Available-for-sale Debt Securities by Contractual Maturity [Line Items] | ' |
Available-for-sale debt securities, amortized cost | 74,278 |
Available-for-sale debt securities, fair value | 75,513 |
Collateralized Mortgage Obligations, Issued by U.S. Government Agencies [Member] | ' |
Note 6 - Securities (Details) - Available-for-sale Debt Securities by Contractual Maturity [Line Items] | ' |
Available-for-sale debt securities, amortized cost | 236,940 |
Available-for-sale debt securities, fair value | $234,816 |
Note_7_Loans_Details
Note 7 - Loans (Details) (USD $) | 3 Months Ended | 9 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | 6 Months Ended | 9 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Jun. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | |
Reduction in Payment Amount [Member] | Reduction in Payment Amount [Member] | Reduction in Payment Amount [Member] | Interest Only Payments [Member] | Interest Only Payments [Member] | Interest Rate Reduction and Payment Reduction [Member] | Troubled Debt Restructuring [Member] | Troubled Debt Restructuring [Member] | Troubled Debt Restructuring [Member] | Maturity Date Extension [Member] | Interest Rate Deduction [Member] | Subsequent To Default [Member] | Residential Mortgage [Member] | Residential Mortgage [Member] | Residential Mortgage [Member] | Residential Mortgage [Member] | Residential Mortgage [Member] | Residential Mortgage [Member] | Commercial Loan [Member] | Commercial Loan [Member] | Commercial Loan [Member] | Commercial Loan [Member] | Commercial Loan [Member] | Commercial Loan [Member] | Unfunded Loan Commitment [Member] | Unfunded Loan Commitment [Member] | Commercial Portfolio Segment [Member] | Subsequent To Default [Member] | Loans Receivable [Member] | Loans Receivable [Member] | ||||||||
Residential Mortgage [Member] | Commercial Loan [Member] | Residential Mortgage [Member] | Residential Mortgage [Member] | Residential Mortgage [Member] | Residential Mortgage [Member] | Secured By Real Estate [Member] | Credit Availability Concentration Risk [Member] | Credit Availability Concentration Risk [Member] | |||||||||||||||||||||||||||||
Note 7 - Loans (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Concentration Risk, Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 68.00% | ' | 0.00% | 0.00% |
Financing Receivable, Allowance for Credit Losses (in Dollars) | $7,449,000 | $7,130,000 | $7,449,000 | $7,267,000 | $8,663,000 | $7,198,000 | $6,857,000 | ' | ' | ' | ' | ' | ' | $0 | $1,552,000 | $0 | ' | ' | $0 | $3,733,000 | $3,696,000 | $3,705,000 | $3,596,000 | $3,537,000 | $3,217,000 | $3,211,000 | $3,049,000 | $4,367,000 | $2,943,000 | $3,048,000 | $2,971,000 | $0 | $0 | ' | $0 | ' | ' |
Net Charge-Off Rate, Historical Average Period | ' | ' | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number Of Loan Portfolio Segments | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Number of Contracts | ' | ' | ' | ' | ' | ' | ' | 1 | ' | 1 | 1 | 10 | 1 | ' | ' | ' | 3 | 2 | ' | ' | ' | ' | ' | ' | ' | 6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | 1,486,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Term | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_7_Loans_Details_Loans_Rec
Note 7 - Loans (Details) - Loans Receivable (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Residential mortgage: | ' | ' |
Loans receivable | $629,409 | $644,303 |
Less: allowance for loan losses | -7,449 | -8,663 |
Loans, net | 621,960 | 635,640 |
Residential Mortgage [Member] | First Mortgage [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans receivable | 290,943 | 299,831 |
Residential Mortgage [Member] | Second Mortgage [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans receivable | 21,843 | 23,040 |
Residential Mortgage [Member] | Construction Loans [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans receivable | 16,895 | 13,909 |
Residential Mortgage [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans receivable | 365,656 | 371,310 |
Home Equity Line of Credit [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans receivable | 35,975 | 34,530 |
Commercial Loans Secured by Real Estate [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans receivable | 144,410 | 147,215 |
Commercial and Industrial [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans receivable | 50,615 | 42,387 |
Political Subdivisions [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans receivable | 14,823 | 16,291 |
Commercial Construction and Land [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans receivable | 9,069 | 17,003 |
Loans Secured by Farmland [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans receivable | 8,542 | 10,468 |
Multi-family (5 or more) Residential [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans receivable | 9,092 | 10,985 |
Agricultural Loans [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans receivable | 3,284 | 3,251 |
Other Commercial Loans [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans receivable | 13,620 | 14,631 |
Commercial Loan [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans receivable | 253,455 | 262,231 |
Consumer Loan [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans receivable | $10,298 | $10,762 |
Note_7_Loans_Details_Allowance
Note 7 - Loans (Details) - Allowance for Loan Losses (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Residential mortgage: | ' | ' | ' | ' |
Allowance for loan losses | $7,267,000 | $7,198,000 | $8,663,000 | $6,857,000 |
Allowance for loan losses, charge-offs | -61,000 | -374,000 | -1,881,000 | -619,000 |
Allowance for loan losses, recoveries | 25,000 | 67,000 | 314,000 | 404,000 |
Allowance for loan losses, provision (credit) | 218,000 | 239,000 | 353,000 | 488,000 |
Allowance for loan losses | 7,449,000 | 7,130,000 | 7,449,000 | 7,130,000 |
Residential Mortgage [Member] | First Mortgage [Member] | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' |
Allowance for loan losses | 2,966,000 | 2,871,000 | 2,974,000 | 2,619,000 |
Allowance for loan losses, charge-offs | -37,000 | 0 | -96,000 | -65,000 |
Allowance for loan losses, recoveries | 12,000 | 0 | 13,000 | 11,000 |
Allowance for loan losses, provision (credit) | 18,000 | 54,000 | 68,000 | 360,000 |
Allowance for loan losses | 2,959,000 | 2,925,000 | 2,959,000 | 2,925,000 |
Residential Mortgage [Member] | Second Mortgage [Member] | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' |
Allowance for loan losses | 280,000 | 229,000 | 294,000 | 247,000 |
Allowance for loan losses, charge-offs | 0 | 0 | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 | 0 | 0 |
Allowance for loan losses, provision (credit) | -5,000 | -15,000 | -19,000 | -33,000 |
Allowance for loan losses | 275,000 | 214,000 | 275,000 | 214,000 |
Residential Mortgage [Member] | Construction Loans [Member] | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' |
Allowance for loan losses | 173,000 | 179,000 | 168,000 | 96,000 |
Allowance for loan losses, charge-offs | 0 | 0 | 0 | -11,000 |
Allowance for loan losses, recoveries | 0 | 0 | 0 | 0 |
Allowance for loan losses, provision (credit) | 38,000 | 10,000 | 43,000 | 104,000 |
Allowance for loan losses | 211,000 | 189,000 | 211,000 | 189,000 |
Residential Mortgage [Member] | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' |
Allowance for loan losses | 3,696,000 | 3,537,000 | 3,705,000 | 3,217,000 |
Allowance for loan losses, charge-offs | -37,000 | 0 | -96,000 | -76,000 |
Allowance for loan losses, recoveries | 12,000 | 0 | 13,000 | 11,000 |
Allowance for loan losses, provision (credit) | 62,000 | 59,000 | 111,000 | 444,000 |
Allowance for loan losses | 3,733,000 | 3,596,000 | 3,733,000 | 3,596,000 |
Home Equity Line of Credit [Member] | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' |
Allowance for loan losses | 277,000 | 258,000 | 269,000 | 255,000 |
Allowance for loan losses, charge-offs | 0 | 0 | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 | 0 | 0 |
Allowance for loan losses, provision (credit) | 11,000 | 10,000 | 19,000 | 13,000 |
Allowance for loan losses | 288,000 | 268,000 | 288,000 | 268,000 |
Commercial Loans Secured by Real Estate [Member] | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' |
Allowance for loan losses | 1,896,000 | 1,944,000 | 3,123,000 | 1,930,000 |
Allowance for loan losses, charge-offs | 0 | -169,000 | -1,521,000 | -169,000 |
Allowance for loan losses, recoveries | 0 | 50,000 | 250,000 | 343,000 |
Allowance for loan losses, provision (credit) | -60,000 | -163,000 | -16,000 | -442,000 |
Allowance for loan losses | 1,836,000 | 1,662,000 | 1,836,000 | 1,662,000 |
Commercial and Industrial [Member] | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' |
Allowance for loan losses | 626,000 | 628,000 | 591,000 | 581,000 |
Allowance for loan losses, charge-offs | 0 | -176,000 | -24,000 | -286,000 |
Allowance for loan losses, recoveries | 1,000 | 1,000 | 9,000 | 3,000 |
Allowance for loan losses, provision (credit) | 40,000 | 143,000 | 91,000 | 298,000 |
Allowance for loan losses | 667,000 | 596,000 | 667,000 | 596,000 |
Political Subdivisions [Member] | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' |
Allowance for loan losses | 0 | 0 | 0 | 0 |
Allowance for loan losses, charge-offs | 0 | 0 | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 | 0 | 0 |
Allowance for loan losses, provision (credit) | 0 | 0 | 0 | 0 |
Allowance for loan losses | 0 | 0 | 0 | 0 |
Commercial Construction and Land [Member] | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' |
Allowance for loan losses | 163,000 | 258,000 | 267,000 | 234,000 |
Allowance for loan losses, charge-offs | 0 | 0 | -170,000 | -4,000 |
Allowance for loan losses, recoveries | 0 | 0 | 5,000 | 0 |
Allowance for loan losses, provision (credit) | 145,000 | 136,000 | 206,000 | 164,000 |
Allowance for loan losses | 308,000 | 394,000 | 308,000 | 394,000 |
Loans Secured by Farmland [Member] | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' |
Allowance for loan losses | 96,000 | 121,000 | 115,000 | 129,000 |
Allowance for loan losses, charge-offs | 0 | 0 | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 | 0 | 0 |
Allowance for loan losses, provision (credit) | 58,000 | -4,000 | 39,000 | -12,000 |
Allowance for loan losses | 154,000 | 117,000 | 154,000 | 117,000 |
Multi-family (5 or more) Residential [Member] | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' |
Allowance for loan losses | 103,000 | 64,000 | 103,000 | 67,000 |
Allowance for loan losses, charge-offs | 0 | 0 | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 | 0 | 0 |
Allowance for loan losses, provision (credit) | -17,000 | -9,000 | -17,000 | -12,000 |
Allowance for loan losses | 86,000 | 55,000 | 86,000 | 55,000 |
Agricultural Loans [Member] | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' |
Allowance for loan losses | 30,000 | 28,000 | 30,000 | 27,000 |
Allowance for loan losses, charge-offs | 0 | 0 | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 | 0 | 0 |
Allowance for loan losses, provision (credit) | 1,000 | 0 | 1,000 | 1,000 |
Allowance for loan losses | 31,000 | 28,000 | 31,000 | 28,000 |
Other Commercial Loans [Member] | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' |
Allowance for loan losses | 135,000 | 5,000 | 138,000 | 3,000 |
Allowance for loan losses, charge-offs | 0 | 0 | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 | 0 | 0 |
Allowance for loan losses, provision (credit) | -6,000 | 86,000 | -9,000 | 88,000 |
Allowance for loan losses | 129,000 | 91,000 | 129,000 | 91,000 |
Commercial Loan [Member] | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' |
Allowance for loan losses | 3,049,000 | 3,048,000 | 4,367,000 | 2,971,000 |
Allowance for loan losses, charge-offs | 0 | -345,000 | -1,715,000 | -459,000 |
Allowance for loan losses, recoveries | 1,000 | 51,000 | 264,000 | 346,000 |
Allowance for loan losses, provision (credit) | 161,000 | 189,000 | 295,000 | 85,000 |
Allowance for loan losses | 3,211,000 | 2,943,000 | 3,211,000 | 2,943,000 |
Consumer Loan [Member] | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' |
Allowance for loan losses | 127,000 | 215,000 | 193,000 | 228,000 |
Allowance for loan losses, charge-offs | -24,000 | -29,000 | -70,000 | -84,000 |
Allowance for loan losses, recoveries | 12,000 | 16,000 | 37,000 | 47,000 |
Allowance for loan losses, provision (credit) | -5,000 | -9,000 | -50,000 | 2,000 |
Allowance for loan losses | 110,000 | 193,000 | 110,000 | 193,000 |
Unallocated [Member] | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' |
Allowance for loan losses | 395,000 | 398,000 | 398,000 | 441,000 |
Allowance for loan losses, charge-offs | 0 | 0 | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 | 0 | 0 |
Allowance for loan losses, provision (credit) | 0 | 0 | -3,000 | -43,000 |
Allowance for loan losses | $395,000 | $398,000 | $395,000 | $398,000 |
Note_7_Loans_Details_Outstandi
Note 7 - Loans (Details) - Outstanding Loans by Risk Rating (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Residential Mortgage: | ' | ' |
Loans receivable | $629,409 | $644,303 |
Residential Mortgage [Member] | First Mortgage [Member] | Pass [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 278,183 | 286,144 |
Residential Mortgage [Member] | First Mortgage [Member] | Special Mention [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 1,707 | 1,876 |
Residential Mortgage [Member] | First Mortgage [Member] | Substandard [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 10,974 | 11,629 |
Residential Mortgage [Member] | First Mortgage [Member] | Doubtful [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 79 | 182 |
Residential Mortgage [Member] | First Mortgage [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 290,943 | 299,831 |
Residential Mortgage [Member] | Second Mortgage [Member] | Pass [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 20,765 | 21,694 |
Residential Mortgage [Member] | Second Mortgage [Member] | Special Mention [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 328 | 351 |
Residential Mortgage [Member] | Second Mortgage [Member] | Substandard [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 750 | 995 |
Residential Mortgage [Member] | Second Mortgage [Member] | Doubtful [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 0 | 0 |
Residential Mortgage [Member] | Second Mortgage [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 21,843 | 23,040 |
Residential Mortgage [Member] | Construction Loans [Member] | Pass [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 16,874 | 13,837 |
Residential Mortgage [Member] | Construction Loans [Member] | Special Mention [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 21 | 0 |
Residential Mortgage [Member] | Construction Loans [Member] | Substandard [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 0 | 72 |
Residential Mortgage [Member] | Construction Loans [Member] | Doubtful [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 0 | 0 |
Residential Mortgage [Member] | Construction Loans [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 16,895 | 13,909 |
Residential Mortgage [Member] | Pass [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 351,094 | 355,496 |
Residential Mortgage [Member] | Special Mention [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 2,300 | 2,522 |
Residential Mortgage [Member] | Substandard [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 12,183 | 13,110 |
Residential Mortgage [Member] | Doubtful [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 79 | 182 |
Residential Mortgage [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 365,656 | 371,310 |
Home Equity Line of Credit [Member] | Pass [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 35,272 | 33,821 |
Home Equity Line of Credit [Member] | Special Mention [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 244 | 295 |
Home Equity Line of Credit [Member] | Substandard [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 459 | 414 |
Home Equity Line of Credit [Member] | Doubtful [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 0 | 0 |
Home Equity Line of Credit [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 35,975 | 34,530 |
Commercial Loans Secured by Real Estate [Member] | Pass [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 131,571 | 129,834 |
Commercial Loans Secured by Real Estate [Member] | Special Mention [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 3,363 | 5,866 |
Commercial Loans Secured by Real Estate [Member] | Substandard [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 9,476 | 11,368 |
Commercial Loans Secured by Real Estate [Member] | Doubtful [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 0 | 147 |
Commercial Loans Secured by Real Estate [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 144,410 | 147,215 |
Commercial and Industrial [Member] | Pass [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 42,551 | 32,317 |
Commercial and Industrial [Member] | Special Mention [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 4,665 | 6,697 |
Commercial and Industrial [Member] | Substandard [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 3,164 | 3,138 |
Commercial and Industrial [Member] | Doubtful [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 235 | 235 |
Commercial and Industrial [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 50,615 | 42,387 |
Political Subdivisions [Member] | Pass [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 14,823 | 16,291 |
Political Subdivisions [Member] | Special Mention [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 0 | 0 |
Political Subdivisions [Member] | Substandard [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 0 | 0 |
Political Subdivisions [Member] | Doubtful [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 0 | 0 |
Political Subdivisions [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 14,823 | 16,291 |
Commercial Construction and Land [Member] | Pass [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 6,592 | 13,792 |
Commercial Construction and Land [Member] | Special Mention [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 284 | 427 |
Commercial Construction and Land [Member] | Substandard [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 2,107 | 2,036 |
Commercial Construction and Land [Member] | Doubtful [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 86 | 748 |
Commercial Construction and Land [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 9,069 | 17,003 |
Loans Secured by Farmland [Member] | Pass [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 6,108 | 8,279 |
Loans Secured by Farmland [Member] | Special Mention [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 535 | 758 |
Loans Secured by Farmland [Member] | Substandard [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 1,872 | 1,402 |
Loans Secured by Farmland [Member] | Doubtful [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 27 | 29 |
Loans Secured by Farmland [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 8,542 | 10,468 |
Multi-family (5 or more) Residential [Member] | Pass [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 8,795 | 10,665 |
Multi-family (5 or more) Residential [Member] | Special Mention [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 296 | 316 |
Multi-family (5 or more) Residential [Member] | Substandard [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 1 | 4 |
Multi-family (5 or more) Residential [Member] | Doubtful [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 0 | 0 |
Multi-family (5 or more) Residential [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 9,092 | 10,985 |
Agricultural Loans [Member] | Pass [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 3,244 | 3,169 |
Agricultural Loans [Member] | Special Mention [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 0 | 34 |
Agricultural Loans [Member] | Substandard [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 40 | 48 |
Agricultural Loans [Member] | Doubtful [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 0 | 0 |
Agricultural Loans [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 3,284 | 3,251 |
Other Commercial Loans [Member] | Pass [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 13,531 | 14,532 |
Other Commercial Loans [Member] | Special Mention [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 89 | 99 |
Other Commercial Loans [Member] | Substandard [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 0 | 0 |
Other Commercial Loans [Member] | Doubtful [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 0 | 0 |
Other Commercial Loans [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 13,620 | 14,631 |
Commercial Loan [Member] | Pass [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 227,215 | 228,879 |
Commercial Loan [Member] | Special Mention [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 9,232 | 14,197 |
Commercial Loan [Member] | Substandard [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 16,660 | 17,996 |
Commercial Loan [Member] | Doubtful [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 348 | 1,159 |
Commercial Loan [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 253,455 | 262,231 |
Consumer Loan [Member] | Pass [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 10,173 | 10,587 |
Consumer Loan [Member] | Special Mention [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 1 | 6 |
Consumer Loan [Member] | Substandard [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 124 | 169 |
Consumer Loan [Member] | Doubtful [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 0 | 0 |
Consumer Loan [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 10,298 | 10,762 |
Pass [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 588,482 | 594,962 |
Special Mention [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 11,533 | 16,725 |
Substandard [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | 28,967 | 31,275 |
Doubtful [Member] | ' | ' |
Residential Mortgage: | ' | ' |
Loans receivable | $427 | $1,341 |
Note_7_Loans_Details_Loan_Bala
Note 7 - Loans (Details) - Loan Balances and Allowance for Loan Losses for Each Impairment Method (USD $) | Sep. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 |
Residential mortgage: | ' | ' | ' | ' | ' | ' |
Loans receivable: individually evaluated | $14,094,000 | ' | $16,321,000 | ' | ' | ' |
Loans receivable: collectively evaluated | 615,315,000 | ' | 627,982,000 | ' | ' | ' |
Loans receivable | 629,409,000 | ' | 644,303,000 | ' | ' | ' |
Allowance for loan losses: individually evaluated | 966,000 | ' | 2,333,000 | ' | ' | ' |
Allowance for loan losses: collectively evaulated | 6,088,000 | ' | 5,932,000 | ' | ' | ' |
Allowance for loan losses | 7,449,000 | 7,267,000 | 8,663,000 | 7,130,000 | 7,198,000 | 6,857,000 |
Residential Mortgage [Member] | First Mortgage [Member] | ' | ' | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' | ' | ' |
Loans receivable: individually evaluated | 2,498,000 | ' | 2,727,000 | ' | ' | ' |
Loans receivable: collectively evaluated | 288,445,000 | ' | 297,104,000 | ' | ' | ' |
Loans receivable | 290,943,000 | ' | 299,831,000 | ' | ' | ' |
Allowance for loan losses: individually evaluated | 449,000 | ' | 449,000 | ' | ' | ' |
Allowance for loan losses: collectively evaulated | 2,510,000 | ' | 2,525,000 | ' | ' | ' |
Allowance for loan losses | 2,959,000 | 2,966,000 | 2,974,000 | 2,925,000 | 2,871,000 | 2,619,000 |
Residential Mortgage [Member] | Second Mortgage [Member] | ' | ' | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' | ' | ' |
Loans receivable: individually evaluated | 181,000 | ' | 183,000 | ' | ' | ' |
Loans receivable: collectively evaluated | 21,662,000 | ' | 22,857,000 | ' | ' | ' |
Loans receivable | 21,843,000 | ' | 23,040,000 | ' | ' | ' |
Allowance for loan losses: individually evaluated | 100,000 | ' | 100,000 | ' | ' | ' |
Allowance for loan losses: collectively evaulated | 175,000 | ' | 194,000 | ' | ' | ' |
Allowance for loan losses | 275,000 | 280,000 | 294,000 | 214,000 | 229,000 | 247,000 |
Residential Mortgage [Member] | Construction Loans [Member] | ' | ' | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' | ' | ' |
Loans receivable: individually evaluated | 0 | ' | 0 | ' | ' | ' |
Loans receivable: collectively evaluated | 16,895,000 | ' | 13,909,000 | ' | ' | ' |
Loans receivable | 16,895,000 | ' | 13,909,000 | ' | ' | ' |
Allowance for loan losses: individually evaluated | 0 | ' | 0 | ' | ' | ' |
Allowance for loan losses: collectively evaulated | 211,000 | ' | 168,000 | ' | ' | ' |
Allowance for loan losses | 211,000 | 173,000 | 168,000 | 189,000 | 179,000 | 96,000 |
Residential Mortgage [Member] | ' | ' | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' | ' | ' |
Loans receivable: individually evaluated | 2,679,000 | ' | 2,910,000 | ' | ' | ' |
Loans receivable: collectively evaluated | 362,977,000 | ' | 368,400,000 | ' | ' | ' |
Loans receivable | 365,656,000 | ' | 371,310,000 | ' | ' | ' |
Allowance for loan losses: individually evaluated | 549,000 | ' | 549,000 | ' | ' | ' |
Allowance for loan losses: collectively evaulated | 3,184,000 | ' | 3,156,000 | ' | ' | ' |
Allowance for loan losses | 3,733,000 | 3,696,000 | 3,705,000 | 3,596,000 | 3,537,000 | 3,217,000 |
Home Equity Line of Credit [Member] | ' | ' | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' | ' | ' |
Loans receivable: individually evaluated | 0 | ' | 0 | ' | ' | ' |
Loans receivable: collectively evaluated | 35,975,000 | ' | 34,530,000 | ' | ' | ' |
Loans receivable | 35,975,000 | ' | 34,530,000 | ' | ' | ' |
Allowance for loan losses: individually evaluated | 0 | ' | 0 | ' | ' | ' |
Allowance for loan losses: collectively evaulated | 288,000 | ' | 269,000 | ' | ' | ' |
Allowance for loan losses | 288,000 | 277,000 | 269,000 | 268,000 | 258,000 | 255,000 |
Commercial Loans Secured by Real Estate [Member] | ' | ' | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' | ' | ' |
Loans receivable: individually evaluated | 6,692,000 | ' | 7,988,000 | ' | ' | ' |
Loans receivable: collectively evaluated | 137,718,000 | ' | 139,227,000 | ' | ' | ' |
Loans receivable | 144,410,000 | ' | 147,215,000 | ' | ' | ' |
Allowance for loan losses: individually evaluated | 18,000 | ' | 1,577,000 | ' | ' | ' |
Allowance for loan losses: collectively evaulated | 1,818,000 | ' | 1,546,000 | ' | ' | ' |
Allowance for loan losses | 1,836,000 | 1,896,000 | 3,123,000 | 1,662,000 | 1,944,000 | 1,930,000 |
Commercial and Industrial [Member] | ' | ' | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' | ' | ' |
Loans receivable: individually evaluated | 765,000 | ' | 1,276,000 | ' | ' | ' |
Loans receivable: collectively evaluated | 49,850,000 | ' | 41,111,000 | ' | ' | ' |
Loans receivable | 50,615,000 | ' | 42,387,000 | ' | ' | ' |
Allowance for loan losses: individually evaluated | 98,000 | ' | 106,000 | ' | ' | ' |
Allowance for loan losses: collectively evaulated | 569,000 | ' | 485,000 | ' | ' | ' |
Allowance for loan losses | 667,000 | 626,000 | 591,000 | 596,000 | 628,000 | 581,000 |
Political Subdivisions [Member] | ' | ' | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' | ' | ' |
Loans receivable: individually evaluated | 0 | ' | 0 | ' | ' | ' |
Loans receivable: collectively evaluated | 14,823,000 | ' | 16,291,000 | ' | ' | ' |
Loans receivable | 14,823,000 | ' | 16,291,000 | ' | ' | ' |
Allowance for loan losses: individually evaluated | 0 | ' | 0 | ' | ' | ' |
Allowance for loan losses: collectively evaulated | 0 | ' | 0 | ' | ' | ' |
Allowance for loan losses | 0 | 0 | 0 | 0 | 0 | 0 |
Commercial Construction and Land [Member] | ' | ' | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' | ' | ' |
Loans receivable: individually evaluated | 2,109,000 | ' | 2,776,000 | ' | ' | ' |
Loans receivable: collectively evaluated | 6,960,000 | ' | 14,227,000 | ' | ' | ' |
Loans receivable | 9,069,000 | ' | 17,003,000 | ' | ' | ' |
Allowance for loan losses: individually evaluated | 211,000 | ' | 72,000 | ' | ' | ' |
Allowance for loan losses: collectively evaulated | 97,000 | ' | 195,000 | ' | ' | ' |
Allowance for loan losses | 308,000 | 163,000 | 267,000 | 394,000 | 258,000 | 234,000 |
Loans Secured by Farmland [Member] | ' | ' | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' | ' | ' |
Loans receivable: individually evaluated | 1,809,000 | ' | 1,318,000 | ' | ' | ' |
Loans receivable: collectively evaluated | 6,733,000 | ' | 9,150,000 | ' | ' | ' |
Loans receivable | 8,542,000 | ' | 10,468,000 | ' | ' | ' |
Allowance for loan losses: individually evaluated | 90,000 | ' | 29,000 | ' | ' | ' |
Allowance for loan losses: collectively evaulated | 64,000 | ' | 86,000 | ' | ' | ' |
Allowance for loan losses | 154,000 | 96,000 | 115,000 | 117,000 | 121,000 | 129,000 |
Multi-family (5 or more) Residential [Member] | ' | ' | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' | ' | ' |
Loans receivable: individually evaluated | 0 | ' | 0 | ' | ' | ' |
Loans receivable: collectively evaluated | 9,092,000 | ' | 10,985,000 | ' | ' | ' |
Loans receivable | 9,092,000 | ' | 10,985,000 | ' | ' | ' |
Allowance for loan losses: individually evaluated | 0 | ' | 0 | ' | ' | ' |
Allowance for loan losses: collectively evaulated | 86,000 | ' | 103,000 | ' | ' | ' |
Allowance for loan losses | 86,000 | ' | 103,000 | ' | ' | ' |
Agricultural Loans [Member] | ' | ' | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' | ' | ' |
Loans receivable: individually evaluated | 40,000 | ' | 48,000 | ' | ' | ' |
Loans receivable: collectively evaluated | 3,244,000 | ' | 3,203,000 | ' | ' | ' |
Loans receivable | 3,284,000 | ' | 3,251,000 | ' | ' | ' |
Allowance for loan losses: individually evaluated | 0 | ' | 0 | ' | ' | ' |
Allowance for loan losses: collectively evaulated | 31,000 | ' | 30,000 | ' | ' | ' |
Allowance for loan losses | 31,000 | 30,000 | 30,000 | 28,000 | 28,000 | 27,000 |
Other Commercial Loans [Member] | ' | ' | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' | ' | ' |
Loans receivable: individually evaluated | 0 | ' | 0 | ' | ' | ' |
Loans receivable: collectively evaluated | 13,620,000 | ' | 14,631,000 | ' | ' | ' |
Loans receivable | 13,620,000 | ' | 14,631,000 | ' | ' | ' |
Allowance for loan losses: individually evaluated | 0 | ' | 0 | ' | ' | ' |
Allowance for loan losses: collectively evaulated | 129,000 | ' | 138,000 | ' | ' | ' |
Allowance for loan losses | 129,000 | 135,000 | 138,000 | 91,000 | 5,000 | 3,000 |
Commercial Loan [Member] | ' | ' | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' | ' | ' |
Loans receivable: individually evaluated | 11,415,000 | ' | 13,406,000 | ' | ' | ' |
Loans receivable: collectively evaluated | 242,040,000 | ' | 248,825,000 | ' | ' | ' |
Loans receivable | 253,455,000 | ' | 262,231,000 | ' | ' | ' |
Allowance for loan losses: individually evaluated | 417,000 | ' | 1,784,000 | ' | ' | ' |
Allowance for loan losses: collectively evaulated | 2,794,000 | ' | 2,583,000 | ' | ' | ' |
Allowance for loan losses | 3,211,000 | 3,049,000 | 4,367,000 | 2,943,000 | 3,048,000 | 2,971,000 |
Consumer Loan [Member] | ' | ' | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' | ' | ' |
Loans receivable: individually evaluated | 0 | ' | 5,000 | ' | ' | ' |
Loans receivable: collectively evaluated | 10,298,000 | ' | 10,757,000 | ' | ' | ' |
Loans receivable | 10,298,000 | ' | 10,762,000 | ' | ' | ' |
Allowance for loan losses: individually evaluated | 0 | ' | 0 | ' | ' | ' |
Allowance for loan losses: collectively evaulated | 110,000 | ' | 193,000 | ' | ' | ' |
Allowance for loan losses | 110,000 | 127,000 | 193,000 | 193,000 | 215,000 | 228,000 |
Unallocated [Member] | ' | ' | ' | ' | ' | ' |
Residential mortgage: | ' | ' | ' | ' | ' | ' |
Allowance for loan losses | $395,000 | $395,000 | $398,000 | $398,000 | $398,000 | $441,000 |
Note_7_Loans_Details_Average_B
Note 7 - Loans (Details) - Average Balance of Impaired Loans and Income Recognized on Impaired Loans (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Average Balance of Impaired Loans and Income Recognized on Impaired Loans [Abstract] | ' | ' | ' | ' |
Average investment in impaired loans | $14,611 | $8,773 | $14,870 | $8,032 |
Interest income recognized on impaired loans | 130 | 163 | 503 | 291 |
Interest income recognized on a cash basis on impaired loans | $130 | $163 | $503 | $291 |
Note_7_Loans_Details_Nonaccrua
Note 7 - Loans (Details) - Nonaccrual Loans and Loans Past Due Ninety Days or More and Still Accruing (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Residential mortgage: | ' | ' |
Loans past due 90+ days and accruing | $2,602 | $3,131 |
Nonaccrual loans | 13,722 | 14,934 |
Residential Mortgage [Member] | First Mortgage [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans past due 90+ days and accruing | 1,589 | 2,016 |
Nonaccrual loans | 3,677 | 3,533 |
Residential Mortgage [Member] | Second Mortgage [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans past due 90+ days and accruing | 130 | 187 |
Nonaccrual loans | 151 | 110 |
Residential Mortgage [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans past due 90+ days and accruing | 1,754 | 2,290 |
Nonaccrual loans | 3,914 | 3,777 |
Home Equity Line of Credit [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans past due 90+ days and accruing | 35 | 87 |
Nonaccrual loans | 86 | 62 |
Family 1-4 Residential Construction [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans past due 90+ days and accruing | 0 | 0 |
Nonaccrual loans | 0 | 72 |
Commercial Loans Secured by Real Estate [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans past due 90+ days and accruing | 703 | 744 |
Nonaccrual loans | 5,931 | 7,096 |
Commercial and Industrial [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans past due 90+ days and accruing | 5 | 17 |
Nonaccrual loans | 450 | 434 |
Commercial Construction and Land [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans past due 90+ days and accruing | 110 | 5 |
Nonaccrual loans | 2,001 | 2,663 |
Loans Secured by Farmland [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans past due 90+ days and accruing | 29 | 0 |
Nonaccrual loans | 1,361 | 902 |
Agricultural Loans [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans past due 90+ days and accruing | 0 | 0 |
Nonaccrual loans | 40 | 35 |
Commercial Loan [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans past due 90+ days and accruing | 847 | 766 |
Nonaccrual loans | 9,783 | 11,130 |
Consumer Loan [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans past due 90+ days and accruing | 1 | 75 |
Nonaccrual loans | $25 | $27 |
Note_7_Loans_Details_Contractu
Note 7 - Loans (Details) - Contractual Aging of Loans (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Residential mortgage: | ' | ' |
Loans current & past due less than 30 days | $614,596 | $625,811 |
Loans past due 30-89 days | 6,207 | 8,784 |
Loans past due 90+ days | 8,606 | 9,708 |
Loans receivable | 629,409 | 644,303 |
Residential Mortgage [Member] | First Mortgage [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans current & past due less than 30 days | 284,215 | 289,483 |
Loans past due 30-89 days | 3,457 | 6,776 |
Loans past due 90+ days | 3,271 | 3,572 |
Loans receivable | 290,943 | 299,831 |
Residential Mortgage [Member] | Second Mortgage [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans current & past due less than 30 days | 21,325 | 22,247 |
Loans past due 30-89 days | 246 | 506 |
Loans past due 90+ days | 272 | 287 |
Loans receivable | 21,843 | 23,040 |
Residential Mortgage [Member] | Construction Loans [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans current & past due less than 30 days | 16,895 | 13,837 |
Loans past due 30-89 days | 0 | 0 |
Loans past due 90+ days | 0 | 72 |
Loans receivable | 16,895 | 13,909 |
Residential Mortgage [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans current & past due less than 30 days | 358,201 | 359,830 |
Loans past due 30-89 days | 3,791 | 7,400 |
Loans past due 90+ days | 3,664 | 4,080 |
Loans receivable | 365,656 | 371,310 |
Home Equity Line of Credit [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans current & past due less than 30 days | 35,766 | 34,263 |
Loans past due 30-89 days | 88 | 118 |
Loans past due 90+ days | 121 | 149 |
Loans receivable | 35,975 | 34,530 |
Commercial Loans Secured by Real Estate [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans current & past due less than 30 days | 141,669 | 145,055 |
Loans past due 30-89 days | 1,480 | 405 |
Loans past due 90+ days | 1,261 | 1,755 |
Loans receivable | 144,410 | 147,215 |
Commercial and Industrial [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans current & past due less than 30 days | 50,199 | 41,730 |
Loans past due 30-89 days | 277 | 434 |
Loans past due 90+ days | 139 | 223 |
Loans receivable | 50,615 | 42,387 |
Political Subdivisions [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans current & past due less than 30 days | 14,823 | 16,291 |
Loans past due 30-89 days | 0 | 0 |
Loans past due 90+ days | 0 | 0 |
Loans receivable | 14,823 | 16,291 |
Commercial Construction and Land [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans current & past due less than 30 days | 6,916 | 14,303 |
Loans past due 30-89 days | 42 | 32 |
Loans past due 90+ days | 2,111 | 2,668 |
Loans receivable | 9,069 | 17,003 |
Loans Secured by Farmland [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans current & past due less than 30 days | 6,922 | 9,267 |
Loans past due 30-89 days | 230 | 329 |
Loans past due 90+ days | 1,390 | 872 |
Loans receivable | 8,542 | 10,468 |
Multi-family (5 or more) Residential [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans current & past due less than 30 days | 8,796 | 10,985 |
Loans past due 30-89 days | 296 | 0 |
Loans past due 90+ days | 0 | 0 |
Loans receivable | 9,092 | 10,985 |
Agricultural Loans [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans current & past due less than 30 days | 3,238 | 3,203 |
Loans past due 30-89 days | 6 | 13 |
Loans past due 90+ days | 40 | 35 |
Loans receivable | 3,284 | 3,251 |
Other Commercial Loans [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans current & past due less than 30 days | 13,620 | 14,631 |
Loans past due 30-89 days | 0 | 0 |
Loans past due 90+ days | 0 | 0 |
Loans receivable | 13,620 | 14,631 |
Commercial Loan [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans current & past due less than 30 days | 246,183 | 255,465 |
Loans past due 30-89 days | 2,331 | 1,213 |
Loans past due 90+ days | 4,941 | 5,553 |
Loans receivable | 253,455 | 262,231 |
Consumer Loan [Member] | ' | ' |
Residential mortgage: | ' | ' |
Loans current & past due less than 30 days | 10,212 | 10,516 |
Loans past due 30-89 days | 85 | 171 |
Loans past due 90+ days | 1 | 75 |
Loans receivable | $10,298 | $10,762 |
Note_7_Loans_Details_Contractu1
Note 7 - Loans (Details) - Contractual Aging of Nonaccrual Loans (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note 7 - Loans (Details) - Contractual Aging of Nonaccrual Loans [Line Items] | ' | ' |
Loans current & past due less than 30 days | $614,596 | $625,811 |
Loans past due 30-89 days | 6,207 | 8,784 |
Loans past due 90+ days | 8,606 | 9,708 |
Nonaccrual loans | 13,722 | 14,934 |
Nonaccrual Loans [Member] | ' | ' |
Note 7 - Loans (Details) - Contractual Aging of Nonaccrual Loans [Line Items] | ' | ' |
Loans current & past due less than 30 days | 6,969 | 7,878 |
Loans past due 30-89 days | 749 | 479 |
Loans past due 90+ days | 6,004 | 6,577 |
Nonaccrual loans | $13,722 | $14,934 |
Note_7_Loans_Details_Aging_of_
Note 7 - Loans (Details) - Aging of Troubled Debt Restructings (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Modifications [Line Items] | ' | ' |
Troubled debt restructurings, curent & past due less than 30 days | $614,596 | $625,811 |
Troubled debt restructurings, past due 30-89 days | 6,207 | 8,784 |
Troubled debt restructurings, past due 90+ days | 8,606 | 9,708 |
Troubled debt restructurings, nonaccrual | 13,722 | 14,934 |
Troubled Debt Restructuring [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Troubled debt restructurings, curent & past due less than 30 days | 1,325 | 3,254 |
Troubled debt restructurings, past due 30-89 days | 509 | 13 |
Troubled debt restructurings, past due 90+ days | 171 | 0 |
Troubled debt restructurings, nonaccrual | 6,001 | 908 |
Troubled debt restructurings | $8,006 | $4,175 |
Note_7_Loans_Details_Troubled_
Note 7 - Loans (Details) - Troubled Debt Restructurings (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Residential Mortgage [Member] | First Mortgage [Member] | ' | ' |
Residential mortgage, | ' | ' |
Troubled debt restructurings, number of contracts | 3 | 6 |
Troubled debt restructurings, pre-modification outstanding recorded investment | $150 | $677 |
Troubled debt restructurings, post-modification outstanding recorded investment | 150 | 677 |
Residential Mortgage [Member] | Second Mortgage [Member] | ' | ' |
Residential mortgage, | ' | ' |
Troubled debt restructurings, number of contracts | ' | 3 |
Troubled debt restructurings, pre-modification outstanding recorded investment | ' | 102 |
Troubled debt restructurings, post-modification outstanding recorded investment | ' | 102 |
Commercial Loans Secured by Real Estate [Member] | ' | ' |
Residential mortgage, | ' | ' |
Troubled debt restructurings, number of contracts | 5 | 1 |
Troubled debt restructurings, pre-modification outstanding recorded investment | 6,679 | 440 |
Troubled debt restructurings, post-modification outstanding recorded investment | 5,193 | 440 |
Commercial and Industrial [Member] | ' | ' |
Residential mortgage, | ' | ' |
Troubled debt restructurings, number of contracts | 1 | ' |
Troubled debt restructurings, pre-modification outstanding recorded investment | 80 | ' |
Troubled debt restructurings, post-modification outstanding recorded investment | 80 | ' |
Loans Secured by Farmland [Member] | ' | ' |
Residential mortgage, | ' | ' |
Troubled debt restructurings, number of contracts | ' | 4 |
Troubled debt restructurings, pre-modification outstanding recorded investment | ' | 512 |
Troubled debt restructurings, post-modification outstanding recorded investment | ' | 512 |
Agricultural Loans [Member] | ' | ' |
Residential mortgage, | ' | ' |
Troubled debt restructurings, number of contracts | ' | 1 |
Troubled debt restructurings, pre-modification outstanding recorded investment | ' | 13 |
Troubled debt restructurings, post-modification outstanding recorded investment | ' | 13 |
Consumer Loan [Member] | ' | ' |
Residential mortgage, | ' | ' |
Troubled debt restructurings, number of contracts | ' | 1 |
Troubled debt restructurings, pre-modification outstanding recorded investment | ' | 6 |
Troubled debt restructurings, post-modification outstanding recorded investment | ' | $6 |
Note_7_Loans_Details_Defaults_
Note 7 - Loans (Details) - Defaults on Loans with Previous Modifications (USD $) | 3 Months Ended | 9 Months Ended | 21 Months Ended | 9 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 |
Residential Mortgage [Member] | Residential Mortgage [Member] | Commercial Loans Secured by Real Estate [Member] | Commercial Loans Secured by Real Estate [Member] | Commercial Loans Secured By Farmland [Member] | Agricultural Loans [Member] | |||
First Mortgage [Member] | Second Mortgage [Member] | |||||||
Residential mortgage: | ' | ' | ' | ' | ' | ' | ' | ' |
Troubled debt restructuring defaults, number of contracts | 0 | 0 | 2 | 1 | 1 | 1 | 4 | 1 |
Troubled debt restructuring defaults, recorded investment | ' | ' | $223 | $62 | $429 | $440 | $490 | $13 |
Note_8_Borrowed_Funds_Details
Note 8 - Borrowed Funds (Details) (USD $) | 3 Months Ended | |||||||
Mar. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Jan. 31, 2014 | Dec. 31, 2013 | |
Securities Sold under Agreements to Repurchase [Member] | Securities Sold under Agreements to Repurchase [Member] | Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank of Pittsburgh [Member] | ||||
Note 8 - Borrowed Funds (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | ' | ' | ' | ' | ' | $446,404,000 | ' | $453,792,000 |
Federal Home Loan Bank Stock | ' | ' | ' | ' | ' | 2,924,000 | ' | 3,656,000 |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | 0.24% | ' |
Debt, Weighted Average Interest Rate | 3.60% | ' | ' | 0.10% | 0.10% | ' | ' | ' |
Carrying Value of Securities Sold under Repurchase Agreements and Deposits Received for Securities Loaned | ' | 10,824,000 | 11,269,000 | ' | ' | ' | ' | ' |
Gain (Loss) on Repurchase of Debt Instrument | -1,023,000 | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Repurchase Amount | 7,000,000 | ' | ' | ' | ' | ' | ' | ' |
Securities Sold under Agreements to Repurchase, Asset | ' | $73,837,000 | $79,814,000 | ' | ' | ' | ' | ' |
Note_8_Borrowed_Funds_Details_
Note 8 - Borrowed Funds (Details) - Short-term Borrowings (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Short-term Debt [Line Items] | ' | ' |
Short-term borrowings | $6,765 | $23,385 |
Federal Home Loan Bank Advances [Member] | Federal Home Loan Bank of Pittsburgh [Member] | ' | ' |
Short-term Debt [Line Items] | ' | ' |
Short-term borrowings | 0 | 20,000 |
Securities Sold under Agreements to Repurchase [Member] | ' | ' |
Short-term Debt [Line Items] | ' | ' |
Short-term borrowings | $6,765 | $3,385 |
Note_8_Borrowed_Funds_Details_1
Note 8 - Borrowed Funds (Details) - Long-term Borrowings (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Long-term borrowings | $73,131 | $73,338 |
Repurchase Agreements [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term borrowings | 61,000 | 61,000 |
Federal Home Loan Bank Advances [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term borrowings | $12,131 | $12,338 |
Note_8_Borrowed_Funds_Details_2
Note 8 - Borrowed Funds (Details) - Long-term Borrowing Maturities (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Note 8 - Borrowed Funds (Details) - Long-term Borrowing Maturities [Line Items] | ' | ' |
Repurchase agreements | $73,131 | $73,338 |
Repurchase Agreements [Member] | ' | ' |
Note 8 - Borrowed Funds (Details) - Long-term Borrowing Maturities [Line Items] | ' | ' |
Repurchase agreements | 61,000 | 61,000 |
Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank Borrowings Loan Maturing In 2016 With Rate Of 6.86% [Member] | ' | ' |
Note 8 - Borrowed Funds (Details) - Long-term Borrowing Maturities [Line Items] | ' | ' |
Long-term borrowings from FHLB - Pittsburgh | 119 | 153 |
Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank Borrowings Loan Maturing In 2017 With Rate Of 6.83% [Member] | ' | ' |
Note 8 - Borrowed Funds (Details) - Long-term Borrowing Maturities [Line Items] | ' | ' |
Long-term borrowings from FHLB - Pittsburgh | 18 | 22 |
Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank Borrowings Loan Maturing In 2017 With Rate Of 3.81% [Member] | ' | ' |
Note 8 - Borrowed Funds (Details) - Long-term Borrowing Maturities [Line Items] | ' | ' |
Long-term borrowings from FHLB - Pittsburgh | 10,000 | 10,000 |
Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank Borrowings Loan Maturing In 2020 With Rate Of 4.79% [Member] | ' | ' |
Note 8 - Borrowed Funds (Details) - Long-term Borrowing Maturities [Line Items] | ' | ' |
Long-term borrowings from FHLB - Pittsburgh | 1,027 | 1,146 |
Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank Borrowings Loan Maturing In 2025 With Rate Of 4.91% [Member] | ' | ' |
Note 8 - Borrowed Funds (Details) - Long-term Borrowing Maturities [Line Items] | ' | ' |
Long-term borrowings from FHLB - Pittsburgh | 967 | 1,017 |
Federal Home Loan Bank of Pittsburgh [Member] | ' | ' |
Note 8 - Borrowed Funds (Details) - Long-term Borrowing Maturities [Line Items] | ' | ' |
Long-term borrowings from FHLB - Pittsburgh | 12,131 | 12,338 |
Repurchase Agreement Maturing in 2017 with a Rate of 3.595% [Member] | ' | ' |
Note 8 - Borrowed Funds (Details) - Long-term Borrowing Maturities [Line Items] | ' | ' |
Repurchase agreements | 27,000 | 27,000 |
Repurchase Agreement Maturing in 2017 with a Rate of 4.265% [Member] | ' | ' |
Note 8 - Borrowed Funds (Details) - Long-term Borrowing Maturities [Line Items] | ' | ' |
Repurchase agreements | $34,000 | $34,000 |
Note_8_Borrowed_Funds_Details_3
Note 8 - Borrowed Funds (Details) - Long-term Borrowing Maturities (Parentheticals) | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Jan. 31, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 |
Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank of Pittsburgh [Member] | Repurchase Agreement Maturing in 2017 with a Rate of 3.595% [Member] | Repurchase Agreement Maturing in 2017 with a Rate of 3.595% [Member] | Repurchase Agreement Maturing in 2017 with a Rate of 4.265% [Member] | Repurchase Agreement Maturing in 2017 with a Rate of 4.265% [Member] | |
Federal Home Loan Bank Borrowings Loan Maturing In 2016 With Rate Of 6.86% [Member] | Federal Home Loan Bank Borrowings Loan Maturing In 2016 With Rate Of 6.86% [Member] | Federal Home Loan Bank Borrowings Loan Maturing In 2017 With Rate Of 6.83% [Member] | Federal Home Loan Bank Borrowings Loan Maturing In 2017 With Rate Of 6.83% [Member] | Federal Home Loan Bank Borrowings Loan Maturing In 2017 With Rate Of 3.81% [Member] | Federal Home Loan Bank Borrowings Loan Maturing In 2017 With Rate Of 3.81% [Member] | Federal Home Loan Bank Borrowings Loan Maturing In 2020 With Rate Of 4.79% [Member] | Federal Home Loan Bank Borrowings Loan Maturing In 2020 With Rate Of 4.79% [Member] | Federal Home Loan Bank Borrowings Loan Maturing In 2025 With Rate Of 4.91% [Member] | Federal Home Loan Bank Borrowings Loan Maturing In 2025 With Rate Of 4.91% [Member] | ||||||
Note 8 - Borrowed Funds (Details) - Long-term Borrowing Maturities (Parentheticals) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate | 6.86% | 6.86% | 6.83% | 6.83% | 3.81% | 3.81% | 4.79% | 4.79% | 4.91% | 4.91% | 0.24% | 3.60% | 3.60% | 4.27% | 4.27% |
Note_9_Defined_Benefit_Plans_D
Note 9 - Defined Benefit Plans (Details) (USD $) | 9 Months Ended | 12 Months Ended | 9 Months Ended |
Sep. 30, 2014 | Dec. 31, 2014 | Sep. 30, 2014 | |
Scenario, Forecast [Member] | Required Contributions [Member] | ||
Note 9 - Defined Benefit Plans (Details) [Line Items] | ' | ' | ' |
Pension and Other Postretirement Benefit Contributions | $42,000 | $60,000 | ' |
Defined Benefit Plan, Contributions by Employer | $0 | ' | $0 |
Note_9_Defined_Benefit_Plans_D1
Note 9 - Defined Benefit Plans (Details) - Net Periodic Benefit Costs (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Pension Plan [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service cost | $0 | $0 | $0 | $0 |
Interest cost | 18 | 17 | 55 | 53 |
Expected return on plan assets | -22 | -23 | -66 | -68 |
Amortization of prior service cost | 0 | 0 | 0 | 0 |
Recognized net actuarial loss | 3 | 7 | 11 | 23 |
Net periodic benefit cost | -1 | 1 | 0 | 8 |
Other Postretirement Benefit Plan [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service cost | 9 | 10 | 26 | 31 |
Interest cost | 14 | 13 | 43 | 41 |
Expected return on plan assets | 0 | 0 | 0 | 0 |
Amortization of prior service cost | -7 | -7 | -23 | -23 |
Recognized net actuarial loss | 0 | 0 | 0 | 0 |
Net periodic benefit cost | $16 | $16 | $46 | $49 |
Note_10_Stockbased_Compensatio2
Note 10 - Stock-based Compensation Plans (Details) (USD $) | 1 Months Ended | 9 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | ||
Jan. 31, 2014 | Jan. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Jan. 31, 2014 | Jan. 31, 2013 | Dec. 31, 2014 | |
Restricted Stock [Member] | Restricted Stock [Member] | Scenario, Forecast [Member] | |||||
Note 10 - Stock-based Compensation Plans (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 39,027 | 64,050 | ' | ' | ' | ' | ' |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $20.45 | $19.21 | ' | ' | ' | ' | ' |
Stock or Unit Option Plan Expense | ' | ' | ' | $242,000 | ' | ' | $154,000 |
Estimated Options Stock Incentive Forfeiture Rate | ' | ' | 34.00% | 33.00% | ' | ' | ' |
Estimated Options Directors Stock Incentive Forfeiture Rate | ' | ' | 3.00% | 0.00% | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | ' | ' | ' | ' | 16,711 | 37,886 | ' |
Note_10_Stockbased_Compensatio3
Note 10 - Stock-based Compensation Plans (Details) - Fair Value of Each Option Granted and Significant Assumptions (USD $) | 9 Months Ended | |
Sep. 30, 2014 | Sep. 30, 2013 | |
Fair Value of Each Option Granted and Significant Assumptions [Abstract] | ' | ' |
Fair value of each option granted (in Dollars per share) | $5.50 | $5.56 |
Volatility | 39.00% | 41.00% |
Expected option lives (years) | '8 years | '8 years |
Risk-free interest rate | 2.85% | 1.60% |
Dividend yield | 4.33% | 3.69% |
Note_10_Stockbased_Compensatio4
Note 10 - Stock-based Compensation Plans (Details) - Stock-based Compensation Expense (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ' | ' | ' | ' |
Stock-based compensation expense | $79 | $113 | $463 | $605 |
Employee Stock Option [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ' | ' | ' | ' |
Stock-based compensation expense | 0 | 0 | 154 | 262 |
Restricted Stock [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ' | ' | ' | ' |
Stock-based compensation expense | $79 | $113 | $309 | $343 |
Note_11_Income_Taxes_Details
Note 11 - Income Taxes (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | 12 Months Ended | ||||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | |
Affordable Housing Partnership [Member] | Affordable Housing Partnership [Member] | Scenario, Forecast [Member] | ||||||
Other Assets [Member] | Other Assets [Member] | |||||||
Note 11 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | ' | ' | 35.00% | 35.00% | ' | ' | ' | ' |
Investments | ' | ' | ' | ' | ' | $929,000 | $996,000 | ' |
Income Tax Credits and Adjustments | ' | ' | ' | ' | 160,000 | ' | ' | 159,000 |
Income Tax Expense (Benefit) Increase (Decrease) | -21,000 | -21,000 | -62,000 | -64,000 | -85,000 | ' | ' | -83,000 |
Unrecognized Tax Benefits | $0 | ' | $0 | ' | ' | ' | ' | ' |
Note_11_Income_Taxes_Details_N
Note 11 - Income Taxes (Details) - Net Deferred Tax Assets (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Deferred tax assets: | ' | ' |
Unrealized holding losses on securities | $0 | $541 |
Net realized losses on securities | 144 | 91 |
Allowance for loan losses | 2,607 | 3,032 |
Credit for alternative minimum tax paid | 1,073 | 1,905 |
Other deferred tax assets | 2,443 | 2,332 |
Total deferred tax assets | 6,267 | 7,901 |
Deferred tax liabilities: | ' | ' |
Unrealized holding gains on securities | 2,121 | 0 |
Defined benefit plans - ASC 835 | 52 | 6 |
Bank premises and equipment | 1,193 | 1,314 |
Core deposit intangibles | 21 | 30 |
Other deferred tax liabilities | 207 | 207 |
Total deferred tax liabilities | 3,594 | 1,557 |
Deferred tax asset, net | $2,673 | $6,344 |
Note_11_Income_Taxes_Details_E
Note 11 - Income Taxes (Details) - Effective Tax Rate Table (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Effective Tax Rate Table [Abstract] | ' | ' | ' | ' |
Income before income tax provision | $5,678 | $6,268 | $16,928 | $19,203 |
Income tax provision | $1,411 | $1,579 | $4,210 | $4,834 |
Effective tax rate | 24.85% | 25.19% | 24.88% | 25.17% |